The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
CLEARINGS—FOR OCTOBER, SINCE J A N U A R Y 1 A N D FOR W EEK EN D IN G OCT. 27 1906
Octobrr.
C le a r in g s
1906.
s
New Y o rk ___________ 9.344,043,162
693.238.632
P hiladelphia__ _____
226.s39.312
Pittsburgh___________
130.898.477
B a ltim o re ___________
36.669,743
_________
25.116,022
Washington _ _____
30,567.983
Albany ______ ____
R o c h e s te r ___________
18.112.344
9,670.782
Scranton ....................
8.099.734
S y ra cu se ____________
6,586,906
W Ilnnngton__________
6,168.886
Reading
5,188,672
W ilk es-B a rre _______
4.574.598
W heeling ___________
2.<852,443
Erie . . _____________
2,511.863
Chester ............... ..
2,318,100
Binghamton _______
Greensburg _ _ ......... ..
2,223,203
890,000
F r a n k lin _____ _______
885,852
Frederick_____ _____
Total M iddle______ 10,557,456,714
Boston ______ _____
795.210.3S0
P ro v id e n ce __________
3S .355,200
15.720.769
H a r tfo r d ......... .............
11,500,000
New H aven__________
8,597,059
Springfield___________
9.155,137
P o r tla n d ____ ________
7,501,226
W o rce ste r___________
Fall R iv e r ___________
5,340,857
3.288,101
New B edford________
L o w e ll....... ...................
2,353,710
H olyok e_____________
2,369,021
Total New England
899,392,060
Chicago ______________ 1.000.451,400
C incinnati___________
115,511,500
79,70S,213
C le v e la n d ___________
Detroit
_ ______
57,019,502
Milwaukee __________
48,404,122
31.529,100
In dian apolis_________
22,724,700
C olu m b u s___________
T o le d o _____ _______ .
18,481.547
Peoria
____________
13,371,165
10.637.152
Grand R apids_______
8,994,404
D a y t o n _____________
Evansville __ _ . _
8,295,212
Kalam azoo .
_____
4,626,332
3,886,593
Springfield, 111_____
\ ou n gstow n _________
2,620,718
Lexington ___________
2,866.789
Akron _ ____________
2,913.998
R o c k f o r d ____ ______
2,683,672
1.806,343
Springfield, O h io ____
1,971,522
B loom ington____ ____
1,841.104
Quincy ______________
2,120.366
Canton . __________
1,625.081
Mansfield __ . __ _
1.556,697
Decatur _____
1,110,813
Jacksonville, 111_____
1,371,313
_____
J a ck son _____
674,901
Ann A rb or. _ _ _
Fort W ayne a
3,556,620
2,157,362
South B e n d .a ______
Total Middle W est. 1,448,863,899
206,989,793
San Francisco_____ __
50,941 106
Los Angeles__________
Seattle _ ___________
51,721,818
Portland __ _ ______
29,642,670
Salt Lake City _____
25,667.939
Tacom a
__
25,346,255
Spokane__________
20,552,707
Helena ______
4,718,604
Fargo ....................
2,574.404
Sioux F a lls ......... ........
2,216,927
15.890,986
Oakland_____ ____
1.429,516
San Jose. _____ _____
Total Pacific______
420,372,223
Kansas C it y _________
133,123,609
Minneapolis__
1 IS,9. 2,526
O m a h a _____
48,535,119
St. P a u l...
42.499,736
D enver________ ______
31,489,715
St. Joseph ....................
20.821,188
Des M oin es_________
12,695,424
Sioux C ity__________
9.210.229
W ichita ________
4.914,166
D a v e n p o r t . . __
5,310,729
Colorado Springs
3,004.454
T o p e k a ......... ....
4,318.464
Cedar R a p id s ..............
2,096,728
Pueblo ........................
2.380.990
F r e m o n t ____________
1.636,272
L in c o ln __________
5.675 986
Total other W est..
441 595,349
St. L o u is _______
270,665,698
New Orleans________
ION,675.643
L o u is v ille __________
57.054,0">6
H o u sto n ...............
05,739,210
G alveston.................
43.504,500
M em ph is......... ......
23,658,300
Savannah _______
32.764.348
R ichm ond ..................
26,566.816
A tla n ta __________
24.986,367
Nashville .
16.5LT .196
Fort W orth _______
17.000.000
A u g u s t a ......... ............
1 1 3v3.059
N orfolk .......................
12.^37.775
10,009.000
B irm ingham ...............
C h a r le s to n ....... ..........
7,534,870
Knoxville ................
870.469
Little R ock ................
C.rr 7.021
Chattanooga .............
0.007.'.29
Jacksonville ..............
5.424.115
Macon .
4.330 671
Beaumont __________
1.784.489
Columbus, G a..............
I A 60.252
Mobile a
7.515.019
W ilm ington, N. C __
■ 74.7 !
Total Southern____
761.0.S6.984
Total all___________ 11.528.767.229
Outside New Y ork . 5.184.724 067
a N ot
W eek ending October 27.
Ten Months.
at—
1905.
In c. or
D ec.
8
S .026,012.917
626.050.992
223.720.235
123.544.004
32.821.367
23,458.020
22.236,853
15,269.403
8,385,923
7,056,320
5,353,801
5,328.287
4.738*788
4,258.911
2,532,743
2,053,557
2,225.300
1.769.165
885.228
973.028
9,138.674,902
688,S12,25S
40,191,000
13,015,571
10,210,323
9,418.620
8,801.517
6,804,298
4,422,363
2,938.506
2.245,347
2.032.398
788,942,201
915,616,034
108.041,500
70.406,660
55,255.305
38,964,701
32,136,004
20,498,800
18,244,709
14,489,946
9,857,756
7,801.955
6,446,784
3.815,412
3,242.197
2,816,008
2,615,886
2,363,900
2,298,508
1,651,535
1,766,940
1.673,346
1,947,966
1.451,169
1.3G1.090
1,172,148
1.181.199
553,172
3,251,292
1.826.483
1,327,670,631
168,212,382
39,670.156
33,418,743
24,435.179
19,678,976
17,167,124
15,662,221
4,550,289
3,407,117
1,847.918
Not included
N ot included
328,050,105
117,432,122
111,077,051
41,041,939
36,442,009
31,721,983
20,391.326
11,287.817
7,971.483
4,764,995
4.555,600
2,882,149
2,893,464
2,644.928
2,173,804
1.225,501
Not included
398,506.172
248,648,161
72,604.499
50,725.603
46.764.489
30,919,500
29,156.026
27.711.355
21,691.455
19.482.371
14,510.906
12,860.500
12.215.146
10.591.281
8.453.382
7,082.2:'
5.733,070
5,918,075
5,800,325
5.135.571
3.204.60O
1.329.512
1.567.732
5.055.524
Not Included
642.172.392
12.624,016.403
4,508.003.486
1906.
In c. or
D ec.
1905.
1906.
1905.
I n c . or
D ec.
1904.
190.3,
$
%
+ 10.4 .86,839.946,210
+ 10.7
6.365.039,948
+ 1.4
+ 5.9
+ 11.7
+ 7.1
+ 37.5
+ 18.6
+ 15.3
+ 14.8
+ 23.0
+ 15.8
+ 9.5
+ 7.4
+ 12.6
+ 22.3
+ 4.2
+ 25.7
+ 0.5
— 9.0
+ 1 5 .5
+ 15-5
— 4.3
+ 20.8
+ 12.6
— 8-7
+ 4.0
+ 10.2
+ 20.8
+ 11.9
+ 4.8
+ 16.6
+ 14.0
+ 9.3
+ 6.9
+ 13.3
+ 3.2
+ 24.2
— 1.9
+ 10.9
+ 1.3
— 7.7
+ 7.9
+ 15.3
+ 28.7
+ 21.3
+ 19.9
— 7.0
+ 9.G
+ 23.3
+ 16.7
+ 9.4
+ 11.6
+ 10.0
+ 8.9
+ 12.0
+ 14.3
— 5.2
+ 16.1
+ 22.0
+ 9-4
+ 18.1
+ 9.1
+ 23.1
+ 28.4
+ 54.8
+ 21.3
+ 30.4
+ 47.7
+ 31.2
+ 3.7
— 24.4
+ 20.0
in total
in total
+ 28.1
+ 13.4
+ 7.1
+ 18.2
+ 16.6
— 0.7
+ 2.1
+ 12.5
+ 15.5
+ 3.1
+ 16.6
+ 4.2
+ 49.3
+ 2.0
+ 9.5
+ 3 3 .5
in total
+ 1 0 .S
+ 8 .9
+ 49.7
+ 12.5
+ 40.6
+ 40.9
- 18.9
+ 18.2
+ 22.5
+ 24.3
+ 13.9
+ 32.2
— 6.8
+ 13.7
+ 18.3
+ 0.1
+ 19.8
+ 12.5
+ 2.4
+ 5.6
+ 35.1
+ 26.7
+ 1 8 .7
+ 48.6
In total
+ 18.5
+ 15.1
+ 12.8
Included In totals for month and ten month#,
S
S
S
S
%
s
%
75.5S9,870.070 + 14.9 2,066.619,595 1.872,184.105 + 10,4 1.931,550,04.' 1 .113,913,497
5.673.231.996 + 12.2
144.617,655
+ 5.(
120,961.768
103,531,756
151,888,609
53,268.171
+ 1.1
12.138.053
52.669,338
39.173.9S3
2.065 914.358
+ 6.2
2,193,960.627
22.881.483
+ 6.2
26.138,082
27.771.779
20.414,573
1.038,073,024 + 14.4
1.107,331.931
6,227.916
+ 4.8
7.970,485
7.607.180
6.436.587
286,225.018 + 13.5
324.946.406
4,187,190
.3,832,160
5.097,517
4,840,382
+ 5.1
209,265,203 + 14.7
240,037.479
3,289,524
6.560,079
4.684,994 + 40.0
3,377.477
236,886.650
180.574,573 + 3 1 .2
2.681,342
2,165.124
3,535,401
3,291.574
+ 7.1
166,105.248
154.342,841
+ 7.6
2.020,210
1,485.008
2,094.583
1,869,045 + 12.0
97.126,724
76.615.411 + 13.7
1.152,790
1,250,342 + 2 9 .3
1,127.602
1,616,256
71,575.4231
62.867,964 + 12.3
1.026.131
1.226,428
1.325.354
1.188.299 + 11.5
55,957.663
49.291.417 + 13.5
1.259,193
1,063,513 + 18.4
985.292
47.029.160 + 18.5
55,737.096
934,761
1.137,061
912,919
1,135,481
+ 0.1
42.237.909
+ 8.4
45.767.123
887,762
+ 6.9
684.687
694,673
949,165
43,738,279
33,840,227 + 27.8
647.151
398,268
582,798 + 11.0
492.961
26.387,726
22,537.070 + 17.1
401,568
545.158
475,384 + 14.7
37 1.300
19.894,594 + 14.5
22,776,304
403.700
350,400
447,900
455,700
— 1.7
+ 4.2
21.178,100
22.077,800
339,021
411,769
356,254 + 15.6
320.637
19.379,014 + 13.4
21,978,776
319,959
216,436
159,981
9.595,729 + 99 9
315,290
— 1.5
11,226.580
8.290.946
+ 8J
7.666.58-1
+ 9.8 2.143,075.117 1,299.691,471
98,027.39b ,939 85,609,636,268 + 14.5 2,333,460,514 2,125.618,421
171,039,100
150,939.894 + 13.3
135,682,342
118,040.121
+ 9.6
6.861.656.805
6,261,157.167
0.730.900
0,624,800
+ 4.9
9.656.400
9,223,600
+ 4.7
323,237,500
308,212,800
2,982,279
134,732,577 + 12.2
2.753,795
+ 8.3
2.425.610
2.129,130
151,106.780
2,211,304
1.990,384 + 11.1
1.759,267
1,510,532
95,292,079
+ 8.0
102,887,038
74,338,449
1,710,909
1.473,764
1.284,935
+ 5.2
2,388,548 ' — 28.4
78,211,570
72,050,960 + 12.2
1.713,973
1,761.733
— 2.7
80.858,623
1,394,638
1.427,457
66.247,632
1,459,357
1,356,860
+ 7.6
1.149,666
64,326.204
+ 3.0
1.170,043
+ 5.2
31.330,259 + 26.6
1.014,084
964,144
39.659,843
523.394
797,300
672.349
599,051 + 12.2
27,372,622
24,299.343 + 12.7
539.241
688,523
20,877,294
39,592.296
496,459
— 0.4
+ 6.6
498,559
495,163
408,971
19,869,723
442,161
412,816 : + 7 .1
498.434
20,558,418
+ 3.5
557,759
7,105,201,857
193,398.375
172,889,384 + 11.9
152.672,419
7.772,674,125
+ 9.5
134.639.571
8,247,859,402
9,064,475.286
215,568,644
+ 2.0
+ 9.9
211,289,997
172,396,202
178.073,545
J.087.519.850
992,658.150
24,291,550
+ 9.6
24,954,350
—27
19,556,350
19.963,700
640,070,689
+ 7.4
15,562,264
15.823.8S6
— 1.0
J4,334,590
14,000,103
687,727.350
11,718,921
540.306,494
486,142,515 + 11.11
11.821,885
— 0.9
10,054.393
9,422,106
403,136,884
347,461,268 + 16.0|
10.229,358
7,506,941
7,539,321
8.456,355 + 21.0
296,881,749
279,919,418
+ 6.1
6,594,146
7,574,144 — 12.9
6,060,414
5,378.751
4,988.200
224,037,800
210,302,600
4.488,000
+ 6.5
4,284,500 + 16.4
4,242,400
165.346,444
174,118,703
+ 5.3
4,013.007
4,239,898.
— 5.4
3 + 96,787
3,252.923
130,264,071
3,161,532
— 5.3
2,969,248
+ 6.5
3,148.201
2,714,696
123.338.339
89,302.938
+ 7.71
2,317,453
96,167.968
J ,936,389
1.732,142
1.926,908 + 20.3
71,495.848 + 14.0
1,714,985
81,517,296
J.455.944
1.720,536
— 0.3
1.647.055
67,519,812
2,073.926
1,180,352
74,118,822
+ 9.8
1.452,543 + 42.8
1.235,649
34,120,182 + 14.7
39,244,114
991,444
866,628 + 14.4
728,410
620,784
33.652,807
35,356,353
+ 5.1.
847,308
695,988 + 21.<8
638,265
735,896
24.166,572 + 13.0
27 301,441
463,419
757,569 — 38.8
546,574
785,478
27,208,271
27,935,479
+ 2.7
659,871
515,503 + 28.0
437,448
492,161
21,677,000 + 13.7
706,262
460,200 + 53.5
24,653,455
564.600
734,800
21,655,128 + 14.1
599,356
601,159’ — 0.3
24,705,205
531,576
406.686
16,339,700
16,722,141
+ 2.3
363,006
+ 9.0
332,883
359,573
358,837
17,822,610
18,955,964
+ 6.4
360,502
372,851
355.140
— 3.3
314 438
14.879,997 + 1 1 .6
352,479
16,608,811
436,819 — 19.3
272.495
294,548
21.735,920
20.596,146
— 5.2
442,152
+ 9.8
402,773
398,938
510,251
14,942,168
13,861,929
+ 9.4
318,281
276,697 + 1 5 .0
173,281
210.095
13,368.149
+ 7.2
308,440
14.336,198
255,000 + 21.0
233,847
270,466
11,166,464
+ 1.9
11,375*280
237,115
220,181
+ 7.7
219,128
222,669
9,973,347
10,691,476
+ 7.2
199,650
181,500 + 10.0
165,000
150,000
5,485,491
4,832,951 + 1 3 .5
154,555
1 13,934 + 35.7
90,989
85,290
32,742,033
26,892,93.5
720,144
+ 5.0
685,572
_____
18.775.986
13,580,009
442,192
380.198 + 16.3
13,162,256,263 12,014,604.442
+ 9.6
310,400,162
304,069.765
+ 1.1
251.706.086
249.717,647
1,576,754,034
1,497,412,170
+ 5-3
42,878,572
33,916,091 + 26.4
31,946,015
31,649,574
472,050,603
391,357,296 + 20.6
8,022,582 + 31.0
10,512,869
6,077,448
5.412,840
400,199,933
241,641.520 + 65.6
10,314.934
0,050,256 + 55.1
5,541.884
4,345,995
185,903,876 + 19.6
222,462,793
5,932,247
5,278,940 + 12.4
4,519.133
3.584,822
361,883,628 + 38.6
224,374 .756
4,817,500 + 16.0
5.588,481
3,076,739
2.925,851
128,599,297 + 40.3
180,557,650
3,784.476 + 37.7
5,210.805
2.667.635
2,556.436
130.875,215 + 26.2
165,107.089
4.548.563
3,726,659 + 22.1
2,897,588
2.124,839
33,906,246
31,030,042
+ 9 .3
674.872
1,002.117 — IS.5
816.488
617,590
23,678,829 — 13.9
20.393,005
534,514
727.430 — 26.5
633.284
707,367
15,820,056
12,476,255 + 26.8
451,018
287.592 + 57.1
2 25,637
328.663
N
ot
included
90,773,212
in total
3.621,812 N ot included in total
N ot included in total
8.314.474
341,431 Not Included in total
3,311.626,165
2,804,91.8,128 + 18.1
58,260.235
86,788,491
68,213,643 + 27.2
54,253.977
1,079,686,932
977.001,747 + 10.4:
29.036,902
25,942,918 + 11.9
24,094,417
26.396,153
782.918.464
712,500,435
+ 9 .9 ;
23.890,609
23,236.569
2 3 :544,811
— 2.7
20,513,035
363,757,463 + 14.2
415.574.818
9,768,300
9,482,887
+ 3.0
7,854,652
N.057.097
271,981,821 + 22.6)
333.324.774
10,210.968
8,127,596
9,711,241
+ 5.1
7,682,196
279.823,183
268,743.611
+ 4.1
6,975,076
7,821,645 — 10.8
4.857.498
4.862,594
213,804,605
192,973,822 + 10.8;
4.526,010
4,514,664
+ 0.3
4,941,363;
4,182.657
115.323.451
108,704,328
+ 6.1
1,890,687
2,376.944
2,388,051
— 0.5
2.045,295
70.261.661 + 12.4
78,987,938
1.735,630
1,690,783
1.457.911
+ 2.3
3,281.330
48,289.274
46,020,236
+ 4.9,
1.006,472
1,076,214
— 6.5
1.025.956
814.565
45.144.821
37,674,395 + 19.8
733,764 + 82.5
942,317
672,559
758,652
29,704,038
28,297,300
444.158
— 6.0
+ 5.0
543,375
510.614
256.066
37,555,923
35,434,365
+ G.0
889,828
595,107 + 49.5
911.157
1.567.708
24.189.429
21,776,933 + 11.0
554,840
614,085
— 9.6
441,663
20.542,258
17.724,709 + 15.9
444,019
481.294
— 7.7
12,477.161
9.695,076 + 28.7
299,366
10S.451
243,515 + 22.9
187.626
N ot Included in total
29.149.886
1.087.211 Not included In total
3,162,547,903 + 11.2
3,517,347,119
89,736,132
92,513.855
+ 3 .1
80.432,879
78.604,974
2.434,452,855
2.377,657.77S
+ 2.4
58,560.445
59,133,672
54,502,403
+ 7.4
47,218.509
796,303,820
738,749,625
+ 7-8
24.757.023
17,356.439 + 42.6
10.894.031
J8.189.351
497,235,510
541 ,609,550
+ 8 .9
12,279,820
10.683,431 + 14.9
10,649.527
8.759,680
295,987,048 + 34.3
397.433,315
16.481.145
11,522,913 + 43.0
8.877,142
10.600,000
227,376,000 + 16.2
264,297.500
10.074.000
7.426.000 + 3 5 .7
6.399.500
6,251.000
191.879,510
203,153,975
14.1
7.265.814
— 5.5
7.254.071
0,234,725
6.063.636
176.001.745
187,372,081
7.801.903
+ 6.5
5.405,028
5.842.404
6.649.846 + 17.2
24S.923.34I
210.077.468 + 18.0
4.982,398
5,630.710
4.805.485 + 17.2
3.552.027
144.091.749
180,349.131
4.488.569 + 17.6
+ 29.3
5,279.994
3.280.767
3.186.584
169.784.352
127.971.062 + 32.7
3,390,211
2.527.541
2.998,134 + 13.1
2.088.947
106,080.058
121.027.659
2.238,176
+ 14.1
4.000.000
2.905,197 + 37.7
2.680,197
74.761.307
67.706.508
+ 3.5
— 9.4
2.327,083
1.684.902
2,012.981
2,249.256
97.687.310
Hl.844.N03 + 19.4
1.950.621
2,717.122
2,270.66
+ 19.7
1.876.07!
M .47 -+ 7 1
64.585.381 + 26.2
1.620.021
1.217.489
2.344,060
2.166.409
+ 8.2
5 5.102.’ 791
51,134,883
+ 7.8
1,03 1.554
1.105,296
1.821,136
J .492,46 - + 22.0
61.1 16.321
52.21 5,690 + 17.0
1.167.069
1.664.581
1.268.78'
+ 21.3
1.071.674
49.790,562!
42.052.043
1.279.075
1.154,764
18.4
1.464,722
— 2.9
1.422.063
39.636.232 + 3 8 .6
54.928.389)
760.850
1.090.268
1,262,12' — 13.6
71 1.792
55.1 4C77S!
49.204.892 + 11.7
1.370,08'
716.195
676.739
1.110,320
+ 7.'»
25.056.031
22.94 1.1921 + 9.21
K7 I lOOl
735,575
910.000
672.180 + 2 9 .0
16.495.524
15.276.362
+ N.0 1
13.78-1.095
10.912.241 + 26.31
268,886 + 10.0
324,680
—
320.000
0 5 ,'.3 ,901
29.511.0361
1 .110.011 + 56.1
1.733.120
N ot Included In total!
............
2 2 .1 ' 761
0,117,784.385
5,609.013,0441 + 9.1
142.852.926
125.511.062
171,919.928
1 15.955,06:
+ 17.S
131.909.084.990 116.306.821.642 + 13.4 3.188.481,326 2.900.482,423
+ 9.7 ‘ .828.990.66? 1.941 (4 >,602
45.069.13 - .7S6j 40.716,945 *566j + 10.7 I .121.SOI.632 1.034,208.3181
821,835.206
+ 8.5| 897.449.619
1
comparison Incomplete.
V if
rouie Clearing* by Telegraph and Canadian Clearings on Page 1073
1064
THE CHRONICLE.
[V o l . L x x im .
thus relieving all apprehension of a resum ption of
THE FINANCIAL SITUATION.
withdrawals of the m etal from L ondon.
T h e stock m arket the current week included some
One
favorable
feature
of
the
foreign
exchange
of the dullest days W a ll Street has experienced during
m arket this week was the negotiation of franc loan s.
the year.
T u esd ay , for illustration, the total sales
These were effected through the borrow ing, b y stock
were only 3 0 6 ,1 0 0 shares; up to one o ’clock th at day
houses and operators, of exchange drawn in th at kind
the total was only !L82,000 shares, and from 12 to 1 of m on e y, the lender being secured w ith stock or bond
the shares sold w.ere only 3 1 ,0 0 0 .
Various causes have
been advanced Accounting for this dulness.
collateral.
W h e n the loan is about m aturing, the bor
Am ong
rower will procure a sight bill— if he has n ot already
these the election the com ing T u esd ay has generally
contracted for it at the tim e of m aking the loan— and
had the credit of being chiefly responsible.
th at conclusion.’
W e doubt
T h e betting all along has shown the
with this bill he will repay his indebtedness represented
b y the long draft which he borrow ed.
The expected
trend of public opinion as to the chances, and that test
advantage to be derived from this operation is the
indicates that in the general view there has never been
negotiation of a foreign loan on better term s than
a ny uncertainty as to the result.
would be possible w ith a dom estic loan for the same
O f course all signs
som etim es fail, and should H earst be successful the
period of m atu rity.
o utcom e, being against, the expectation of the Street,
other forms of finance bills is now difficult, a resort to
Inasm uch as the negotiation of
w ould probably act as a setback in som e m easure.
the above-noted franc loans has becom e desirable.
B u t the division of opinion over the com ing election
T he plan devised b y Secretary Shaw prom otive of
is m ore a question of morals than of a n y change of
the issue of $ 1 8 ,0 0 0 ,0 0 0 bank currency, as noted last
political
announced
w eek, has resulted in the emission of the whole am o u n t.
the opinion that corporations are a chief existing evil,
I t has, how ever, had no influence upon the local m oney
needing
m arket, b u t it is said th at the new circulation is being
p olicy. ( B o th
more
candidates
stiringent
and
h ave
harassing
legislation;
and as our w orthy President and M r. B ry a n , the heads
distributed am ong banks at the South and W e s t.
view ,
H a d it not been for the pendency of the N ovem ber
W a ll Street interests would n ot be directly involved
settlem ents this w eek, the local m onetary conditions
.were it n ot th at . W a ll' Street stands for the highest
would no doubt have been m ore norm al.
standard of morali and financial integrity.
justm ents and the calling in on W e d n esd a y of a large
of
the
two
political parties,
hold
the
same
E a rly in the week a good m an y circumstances were
am ount of loans on account of
These ad
a mining enterprise
contributing to this loss of a ctivity and loss of specu
caused a rise in call m oney rates to 9 % .
lative confidence..
A new one was the dem and of the
noted that the indications in the tim e-loan branch of
em ployees engaged in ,a lm o s t all classes of railroad
the m arket seem to point to firm rates for m oney and
work for higher wages and in m an y cases for shorter
limited offerings well into
hours also.
calls were of wide e x te n t, and
borrowing will probably have to be confined to franc
presum ably were ; being pressed w ith m ore than the
loans, for there seems to be an indisposition b y E uro
These
the new
I t m a y be
year.
Foreign
because
pean bankers to extend finance bills for another three
one condition helps to m ake the case for the m en
m on th s’ period of m atu rity; the am ou n t outstanding
strong— th at is, look ju st— which is the great pros
of .these bills is still quite large and considerable sum s
ordinary
urgency.
We
say
presum ably
perity the roads have been en joyin g.
O f course the
em ployees do not; consider th at the m ost of w hat are
will, it is reported, fall due each m o n th , at least until
F ebruary.
called profits, and very large borrowings also, have
gone into the properties so as to m ake rates lower and
provide for the increasing traffic.
In face, th ou gh ,
N o t unnaturally the quarterly return of the U nited
States Steel Corporation is taken as indicative of the
o f all th at the roads h ave done and are d oin g, the cry
condition of the iron and steel industry.
com ing up daily from the producers has been for more
is im portant to note that the Steel Corporation re
facilities, m ore
ports unfilled orders on hand Sep t. 30 1906 of alm ost
cars,
m ore
tracks;
and
says this latter ip likewise a ju st call.
surroundings
the
public
W it h these
the. roads are furthermore
threatened
8 million tons— 7 ,9 3 6 ,8 8 4 tons.
H en ce, it
This is the largest
am ount of unfilled orders ever show n on the books of
b y both political parties, largely for political effect,
the com pany— not only at this period of the year b u t
b y further exacting legislation.
at any date.
O ut of this unfavor
T h e best previous total was at D e c . 31
able situation and feeling a sudden change occurred
19 0 5 , when the am ount was 7 ,6 0 5 ,0 8 6 tons.
W e d n e sd a y on
30 1906 the aggregate of unfilled orders was only 6 ,-
in
the
from 6 to
the
dividend
announcem ent of
o f. the
the
Pennsylvania
increase
Railroad
7 % , and since then the m arket has been
rising.
8 0 9 ,5 8 9 tons.
O n June
I f we compare w ith the Sept. 30 totals
of previous years, the contrast is y e t m ore striking.
A s against 7 ,9 3 6 ,8 8 4 unfilled orders now , the am ount
Sep t. 30 1905 was only 5 ,8 6 5 ,3 7 7 tons; on Sep t. 30 1904
A t L on d on also, the state o f affairs has show n that
b u t 3 ,0 2 7 ,4 3 6
tons;
on Sep t. 30
1903
3 ,2 7 8 ,7 4 2
.though firm discounts were m ain tain ed, there was an
tons and on Sep t. 30 1902 4 ,8 4 3 ,0 0 7 tons.
im provem en t as the result of the procurem ent b y the
portant to note, to o , th at Judge G ary , the Chairman
B ank of E ngland of the bulk of the gold which arrived
of .'the B oard of Directors of the Steel Corporation, is
I t is im
from South Africa on M on day and of other sm all lots
quoted as saying th at notw ithstanding the unfilled
Muring the week, j There was also a better feeling at
orders at present are of such m agnitude— the largest,
Paris, which was Mue to the more assuring political
as already stated , in the history of the com pany—
and financial conditions in R u ssia.
there are no indications of a n y cessation in d e m an d .
th at
this
im provem ent
in
the
I t seems probable
financial
situation
T he Steel Corporation’s incom e exhibit is in keeping
abroad has been ip p a r t stim ulated b y the suspension
w ith the activity and prosperity of the trade.
b y Secretary Shaw of advances to gold im porters,
net earnings of the com pany are not quite as large as
The
1065
THE CHRONICLE.
Nov. 3 1906.]
they were for the June quarter, b u t th ey are much
of prosecuting work a t the extensive plants which
larger than in previous quarters and far in excess of
the C om pany has in process of construction at the
the am ounts for the corresponding quarters of previous
new tow n of G a ry , In d .
years.
$ 1 1 ,0 0 0 ,0 0 0
These net earnings are alw ays “ after deduct
appropriated
W e are told that of the
for
new
property
in
the
ing each m onth the expenditures for ordinary repairs,
Septem ber quarter $ 3 ,5 0 0 ,0 0 0 is for account of these
renewals and maintenance of plan ts, em ployees' bonus
plants.
fu n d s,a n d also interest on bonds and fixed charges
tions that it is n ot expected they will be com pleted
of the subsidiary com p an ies,” and are given for this
inside of five years, b u t foundations have been laid
year at $ 3 8 ,1 1 4 ,6 2 4 .
for
F or the Septem ber quarter in
T h e new works are of such extensive propor
several
blast
furnaces,
open-hearth
furnaces,
1905 the am ou n t was $ 3 1 ,2 4 0 ,5 8 2 and for 1904 but
machine shops, e t c ., and it is hoped that the new plant
$ 1 S ,7 7 3 ,9 3 2 .
will be m aking steel b y the spring of 19 08 .
In the Septem ber quarter of 1 9 0 3 , which
was a very good period, the sum was $ 3 2 ,4 2 2 ,9 7 5 .
Altogether
$ 1 8 ,5 2 4 ,4 3 6 has been set aside out of earnings thus far
W h a t disposition was m ade of these large earnings for for these plan ts,besid es which $ 3 ,4 7 5 ,5 6 3 has been
the present y e a r ?
W ith $ 3 8 ,1 1 4 ,6 2 4 n et, the call for actually expended on land and im provem ents.
Judge
interest for the quarter on the Steel Corporation bonds
G ary says th at the $ 1 8 ,5 2 4 ,4 3 6 set asid e, and still
outstanding was only $ 5 ,6 9 1 ,5 2 1 .
unused,
T h e call for the
consists
l % % dividend on the preferred stock was $ 6 ,3 0 4 ,9 1 9 securities.
and the call for the
stock was $ 2 ,5 4 1 ,5 1 2 .
of
cash
or is invested
in salable
I t is contem plated to expend ultim ately
dividend on the com m on
fully $ 7 5 ,0 0 0 ,0 0 0 or m ore a t G a ry , b u t it is not thought
B u t of course the com pany
probable that the $ 1 8 ,0 0 0 ,0 0 0 already on hand will be
also m ade the usual liberal appropriations for the vari
used up before the end of n ext year.
ous sinking and reserve and im provem en t fu n d s. F or
rumors of a contem plated bond issue for the com
In view of the
the sinking funds on the Steel Corporation’s own bonds
pletion of the p lan t, Judge G ary takes pains to state
$ 1 ,2 4 5 ,4 4 2 was set aside.
F or the sinking funds on
th at the question of a bond issue has not even been
the bonds of the subsidiary companies $ 5 7 8 ,0 5 3 was pro
considered nor is it likely to be in the near future,
vid ed.
T hen an appropriation of $ 6 ,0 5 5 ,8 5 9 was m ade
since the com pany has all the cash, as will be seen,
for w hat are called the Depreciation and R eserve F u n ds,
which it can use for the purpose for the n ext fifteen
and a further sum of $ 1 ,0 0 0 ,0 0 0 was appropriated for
m o n th s.
the so-called Special Im provem en t and R eplacem ent
F u n ds. T his m akes altogether $ 8 ,8 7 9 ,3 5 4 applied to the
T h e action of the Pennsylvania Railroad in increas
sinking and reserve funds during the three m o n th s. A fter
ing the dividend on its stock from 6 % to 7 % has had
allowing for the same and also allowing for the fixed
m uch the same effect as the action w ith regard to the
charges and the dividends on b oth the com m on and
dividends
the preferred shares, there still remained a surplus
com m on stocks a short tim e ago.
for the quarter in the large sum of $ 1 4 ,6 9 7 ,3 1 8 .
O ut
on
U nion
Pacific
and
Southern
Pacific
T h a t is, it has
given tone and strength to the whole m arket.
This is
a further sum of $ 1 1 ,0 0 0 ,0 0 0 was appropriated
n ot surprising considering th at the Pennsylvania is
on account of expenditures m ade and to be m ade on
the largest railroad property in the country in point
of this
authorized appropriations for additional p roperty, new
of income and th at its affairs have alw ays been d om i
construction and discharge of capital obligations.
nated b y wise and conservative counsels.
In
the aggregate, th en , out of $ 3 8 ,1 1 4 ,6 2 4 of net earnings
A s a m atter
of fact the property has been doing so well th at the
for the three m on th s, no less than $ 1 9 ,8 7 9 ,3 5 4 has been
question whether the dividend should be raised was
set aside for the purpose of im proving the property or
sim ply a m atter of policy.
extinguishing d e b t, and even then a surplus balance of
years since Pennsylvania stock was on a 7 % dividend
$ 3 ,6 9 7 ,3 1 8 remains after providing for fixed charges
basis, the calendar year 1884 having been the last
and the dividends.
distinguished in th at w a y ; b u t obviously the reason
I t is more than tw enty
prosperity.
w hy dividends have n ot before this been brought back
W h a t m akes it all the more notew orthy is th at similar
to that basis has been th at it was deem ed better to
results have distinguished the previous quarters of
apply the m on ey for the betterm ent and im provem ent
T ruly
this is
a marvelous
the present calendar year.
record
of
F or the nine m onths to
of the property.
U p to 19 0 0 , indeed, shareholders
Septem ber 30 net earnings for 1906 h ave been $ 1 1 4 ,-
had been for a num ber of years receiving only
8 7 4 ,1 4 7 ,a g a in st$ 8 4 ,5 7 1 ,5 9 4 in the corresponding nine
annum .
5% per
T he extra 1 % on the stock m eans $ 3 ,0 0 0 ,0 0 0
m onths of 19 0 5 , $ 5 1 ,7 0 9 ,8 9 0 in the nine m onths of additional for the dividend requirements each year,
19 04 and $ 9 4 ,1 3 3 ,9 7 0 in 19 03 .
O u t of the $ 1 1 4 ,8 7 4 ,-
as the aggregate of Pennsylvania stock now o utstan d
147 net no less than $ 3 4 ,5 0 0 ,0 0 0 has been appropriated
ing is $ 3 0 5 ,9 9 1 ,6 5 0 .
for
e tc.;
as large as they have been the m anagem ent did not
$ 5 ,0 4 1 ,0 7 3 for the sinking fu n ds, $ 1 5 ,7 3 0 ,0 2 7 for the
see its w ay clear to incur this additional outlay prior
additional
property,
new
construction,
D oubtless even with earnings
depreciation and reserve funds
and $ 6 ,5 0 0 ,0 0 0 for
to the present tim e in view of the very extensive
the
replacem ent
funds,
am ounts of new capital called for in connection with
m aking altogether $ 6 1 ,7 7 1 ,1 0 0 applied for new prop
its vast tunnel and terminal enterprise in this city .
special
im provem ent
and
erty or debt reduction during the nine m on th s, and
B u t now th at another bounteous crop has been har
y et there still remains over and above these extra
vested and the activity in the iron and steel trades and
ordinary outlays the sum of $ 9 ,4 1 2 ,3 9 9 after provision
the coal trade continues unchecked, and that large
for fixed charges and 5 /
x i°/c dividends on the preferred
further gains in earnings are being rolled up m onth b y
and
stock— this
m on th , it was probably felt that there would be little
being at the rate of 7 % on the preferred shares and
jeopardy in incurring the call for an extra 1 % on the
2%
stock.
1K %
dividends on the
com m on
on the com m on shares.
A large portion of the exceptional appropriations
T h e com p any’s return for the m onth of Septem ber
for additional property is to be used for the purpose
and the nine m onths ending with Septem ber gives
10«6
THE CHRONICLE.
em phasis to w h at has ju st been said .
T h e gains for
Septem ber are n ot so large as th ey h ave been for som e
[VOL. LXXXI1I.
a t L o n d o n , steady at Paris and ^
Berlin and F ran k fo rt.
of 1 %
higher at
A n im p rovem en t in the p oliti
other m on th s of the y e a r, b u t this is sim p ly because
cal situation in R ussia contributed to a better feeling
com parison is n ow w ith such very h ea vy earnings in
at the W e ste rn Europ ean centres.
O n the lines E a st of P ittsbu rgh and Erie an
T h e m ost notable feature of the statem en t of the
increase o f $ 7 2 5 ,7 0 0 in gross is reported and an in
N ew Y o r k A ssociated B an k s last week was the im
crease of $ 7 ,2 0 0 in n et; while on the lines W e s t of
portant reduction o f $ 2 0 ,0 2 5 ,3 0 0 , instead of the e x
P ittsbu rgh the increase reaches $ 6 6 1 ,4 0 0 in gross and
pected increase, in loans.
$ 1 6 8 ,5 0 0 in n et.
T h is follow s no less th an $ 1 ,9 8 8 ,3 0 0
traction in this ite m , and also of a decrease of 8 7 ,4 3 5 ,-
gain in gross and 9 2 4 ,8 0 0 gain in net on th e E astern
90 0 in cash, deposits fell off $ 2 7 ,6 3 4 ,5 0 0 and reserve
lines
requirem ents were reduced $ 6 ,9 0 8 ,6 2 5 , so th at th e
1905.
in Septem ber 19 05 and $ 6 1 9 ,0 0 0 gain in gross
A s the result of such con
and $ 9 3 ,7 0 0 gain in net on the W e ste rn lines, these
surplus reserve decreased o n ly $ 5 2 7 ,2 7 5 to $ 5 ,6 7 3 ,6 7 5 .
very exceptional gains last year h avin g been in part
T h e bank statem en t of this week should reflect, am ong
recovery o f w h a t had been lost in 1 9 0 4 .
the other ordinary ite m s, the average o f a bo u t $ 2 ,6 0 0 ,-
I t is, how
ev er, the figures for the nine m on th s th a t a ttra ct chief
00 0
a tten tio n ,
transferred hither from San F rancisco on F rid a y of last
now
th a t
the dividend
stock has been raised.
on
Pen nsylvania
of
the
$ 3 ,1 6 5 ,0 0 0
A ustralian
g old ,
which was
F o r these nine m on th s there
week; also the transfer hence t o C anada of $ 1 0 0 ,0 0 0 ;
has been an im p rovem en t over last year on the E astern
also the net shipm ents to the interior and the a b
lines o f $ 1 1 ,3 9 8 ,3 0 0 in gross and of $ 5 ,0 3 8 ,8 0 0 in n e t,
sorption b y the S u b -T reasu ry o u t of ban k reserves.
and on th e W e ste rn lines o f $ 6 ,5 3 4 ,9 0 0 in gross and
o f $ 2 ,2 2 7 ,2 0 0 in n et.
O bv iou sly w ith such large in
T he m arket for m on e y w as u n fa vo rab ly influenced
creases, the assum p tion of a call of $ 3 ,0 0 0 ,0 0 0 per an
early this week b y ex p ecta tio n s of an increase in loans
n um
as the result of operations incident to the return of
addition al
for
dividends
does
n ot
b ank in g too confidently on the fu tu re.
seem
like
In the fo l
Am erican
securities
from
abroad
and
also
to
the
low ing we furnish a six-year com parison of the earnings
N ov em b er settlem ents; shifting of loans on W e d n e s d a y ,
of the lines E a s t of P ittsbu rgh and E rie— the only
due to p a ym e n ts for a m ining p ro p erty, caused an
portion of the sy ste m for w hich we h av e th e data
advance in call m on ey
to 9 %
for such a com parison.
m aintained thereafter.
T im e loans were offered in
L in e s B a s t o f
P i t ts b u r g h .
1906.
1904.
1905.
1903.
1902.
only m oderate volum e b y dom estic lenders;- while the
dem and therefor was g ood , business
S e p te m b e r .
$
$
$
S
G r o s s e a r n in g s 1 3 ,0 5 9 ,8 5 9 1 2 , 3 3 4 ,1 5 9 1 0 ,3 8 8 ,6 5 0 1 0 ,6 8 0 ,7 5 0
O p e r . e x p e n s e s 8 ,2 7 4 ,2 8 2
7 ,5 5 5 ,7 8 2
6 ,4 9 2 ,2 4 0 7 , 0 4 2 , 2 4 0
N e t e a r n in g s
1901.
and firm rates were
4 ,7 8 5 ,5 7 7
4 ,7 7 8 ,3 7 7
3 ,8 9 6 ,4 1 0
3 ,6 3 8 ,5 1 0
S
9 ,8 2 2 ,7 5 0
6 ,2 5 4 ,4 4 0
S
8 .7 0 1 ,9 5 0
5 ,2 6 5 ,4 4 0
3 ,5 6 8 , 3 1 0
3 ,4 3 6 ,5 1 0
J a n . 1 to S e p t. 3 0 .
G r o s s e a r n in g s 1 0 8 4 0 6 0 7 2 9 7 ,0 0 7 ,7 7 2 8 6 ,8 6 5 ,3 1 9 9 2 , 8 7 2 , 7 1 9 8 3 .1 2 1 ,1 1 9 7 4 ,7 1 9 ,1 1 9
O p e r . e x p e n s e s 7 5 ,1 0 6 ,6 7 1 6 8 ,7 4 7 .1 7 1 6 0 ,5 9 7 ,3 5 3 6 4 ,0 2 3 ,7 5 3 5 4 ,4 3 2 ,7 5 3 4 8 ,6 9 4 ,7 5 3
N e t e a r n in g s 3 3 ,2 9 9 ,4 0 1 2 8 ,2 6 0 ,6 0 1 2 6 .2 6 7 ,9 6 6 2 8 ,8 4 8 ,9 6 6 2 8 , 6 8 8 , 3 6 6 2 6 ,0 2 4 ,3 6 8
M oney
on
call,
representing
system s are n o t the only o nes
F o r in
b alan ces,
and a t 3 % , averaging a b o u t 6 ) 4 % ; b an k s a nd trust
com panies loaned a t 3 % as the m in im u m .
d a y loans were a t 4 ) 4 %
were a t 6 %
T h e large ^railroad
restricted.
loaned a t the S tock E x ch a n g e during the week a t 9 %
On M on
and a t 3 ) 4 % , w ith th e bulk
of the business a t 4 ) 4 % .
th a t show an u n exam p led v olu m e of tra ffic.
w as
b an k ers’
and a t 4 ) 4 %
O n T u e sd a y transactions
w ith the m a jo rity a t 5 % .
O n W e d n e sd a y loans were a L 9 % and a t 6 %
bulk of the business a t 7 % .
w ith the
O n T h u rsd ay transactions
stan ce, the M inneapolis & S t. L o u is, a com p arative ly
were a t 9 % and a t 3 % w ith the m a jo r ity a t 7 % .
sm all
F rid ay loans were a t 7 % and a t 5 ) 4 % w ith the b u lk of
p ro p erty,
w ith
nearly
1 ,0 0 0
m ore
cars
th an
tw elve m on th s a g o , is suffering from a car sh ortage,
the
n otw ith stan din g
m ixed Stock E x ch an ge collateral, were 7 % fo r s ix t y ,
th a t
the
w h eat
m ovem ent
in
the
business
at
6 )4 % .
T im e
con tracts,
on
On
good
N orth w est has been u nusually light of la te , th ough
and 6 ) 4 @ 7 %
the crop in th a t section the present season , as is well
m onths; som e of the foreign bankers effected loans at
k n o w n , has been very goo d .
7%
T h e com p an y has issued
its annual report the present w eek , show ing a gain in
for ninety d a ys and 6 % for fou r to six
for the shorter period and th ey sought to m ak e
contracts a t 7 ) 4 % , through sterling and franc loans;
gross earnings as com pared w ith the year preceding, b u t transactions a t this rate were sm a ll.
C om m ercial
of $ 6 4 9 ,9 0 9 , or 2 1 % , and a gain in net of $ 3 3 5 ,0 6 6 , or
paper w as quiet at 6 @ 6 ) 4 %
nearly 2 7 % .
endorsed bills receivable; 6 @ 6 ) 4 % for prim e and 6 ) 4 @
A fte r providing for the 5 %
dividend s
on the preferred sto ck , a surplus is le ft on th e y ea r’s
operations in am o u n t of $ 2 1 6 ,0 3 9 .
7%
for six ty to ninety d ay
for good four to six m on th s single nam es.
T h e com p an y is
furthering the construction of the M innesota D a k o ta
T h e B an k of E n g lan d rate of discount rem ains un
& Pacific R a ilw a y , which is engaged in building a line
changed a t 6 % .
from W a te r to w n in S ou th D ak ota (the present W e s t
to ninety d a 3>- b an k bills in L o n d on 5 ? 4 @ 6 % .
T h e cable reports discounts of six ty
ern ex tre m ity of the M inneapolis & S t. Louis) w est-
open m arket rate a t Paris is 3 ) 4 % and a t B erlin and
The
w ardly to L e B eau on the M issouri R iv e r, a distance
F rank fort it is 5 ) 4 @ 5 ) 4 % • A ccord ing to our. special ca
of a b o u t 172 m iles, w ith a bran ch of a bou t 57 m iles.
ble from L o n d o n , the B an k of E n g lan d gained £ 1 2 0 ,5 8 7
T o aid in the construction of this proposed roa d , the
bullion during the week and held £ 2 8 ,5 4 9 ,8 5 1 a t the
M inneapolis
& S t. L ou is during the year issued its
close of the w eek.
O ur correspondent further advises
fiv e-year notes for an aggregate of. $ 5 ,0 0 0 ,0 0 0 , the
us th a t purchases in the open m ark et were w holly
notes being secured b y the entire issue of stock and
responsible for the gain ex h ibited .
first m ortgage bon d s of the new line.
m ov em en t into and o ut of the B a n k were as follow s:
Im p o rts £ 8 2 0 ,0 0 0
There was no change in official rates of discount b y
T h e details of the
(of w hich £ 2 5 0 ,0 0 0
from
E g y p t,
£ 5 ,0 0 0 from South A fric a , £ 8 7 ,0 0 0 G erm an coin from
a ny of the E u rop ean ban k s this w eek; com pared with
the Cape and £ 4 7 8 ,0 0 0 b ou g h t in open m a rk e t); exports
last week unofficial or open m arket rates were easier
£ 3 6 5 ,0 0 0 (of w hich £ 3 4 5 ,0 0 0 to E g y p t and £ 2 0 ,0 0 0 to
THE CHRONICLE
2s o v . 3 190(5. j
1067
The market closed on Friday at 4 8060(5 4 8085 for
long, 4 8580 @ 4 8585 for short and 4 87(ji/>4 8710 for
cables. Commercial on banks 4 S020@4 8030 and docu
The foreign exchange market was irregular this ments for payment 4 79% @ 4 SI. Cotton for pay
week and generally lower until Friday, when there was ment 4 79% @ 4 79%, cotton for acceptance 4 8020@
a good inquiry for bills, and the tone was strong at the 4 8030 and grain for payment 4 80% @ 4 81.
close. One feature on Monday was the offering of
The following gives the week’s movement of money
quite liberal amounts of commodity bills, chiefly
those against cotton, and in the absence of a demand to and from the interior by the New York banks:
for remittance, the market was heavy. On the
R e c e iv e d b y
S h ip p ed by
N it In te r io r
W e e k a id in g N o v . 2 1 9 0 0 .
N . Y . B a n ks. N . V . B a n ks.
M o v e m e n t.
following day there was a recovery, due to an in
$ 6 ,2 8 6 ,0 0 0 L o s s
S 3 .0 9 2 ,0 0 0
$ 1 ,1 9 4 ,0 0 0
quiry for sight and for cables, partly for the settle G o l d ....................................................... ........................
8 6 8 .0 0 0
1 ,9 0 0 ,0 0 0 L o s s
1 ,0 3 8 ,0 0 0
ment of maturing finance bills, though chiefly to pay T o t a l g o l d a n d l e g a l t e n d e r s ------------- 3 5 , 9 6 0 , 0 0 0 3 8 , 1 9 2 , 0 0 0 L o s s 3 2 , 2 3 2 , 0 0 0
for securities which had been sold abroad and were de
With the Sub-Treasury operations the result is as
livered by the steamers arriving on Monday. Then
follows:
came a further supply of commodity bills and also of
I n to
ferings of bankers’ drafts, representing franc loans as
Out o/
N et C h a n g e in
W e e k e n d in g N o v . 2 1 9 0 0 .
B a n ks.
Banks
B a n k H o ld in g s .
above described, under the influence of which the mar B a n k s ’ i n t e r i o r m o v e m ’ t a s a b o v e ____
3 5 .9 6 0 .0 0 0
$ 8 , 1 9 2 , 0 0 0 T .o s s
$ 2 ,2 3 2 ,0 0 0
ket fractionally declined, and it was heavy, though S u b - T r e a s . o p e r . a n d g o l d i m p o r t s ____ 2 7 . 3 0 0 . 0 0 0 2 9 , 8 0 0 , 0 0 0 L o s s 2 . 5 0 0 , 0 0 0
with a firm undertone, thereafter. Quotations for T o t a l g o l d a n d l e g a l t e n d e r s _________ $ 3 3 , 2 6 0 , 0 0 0 3 3 7 , 9 9 2 , 0 0 0 L o s s 3 4 . 7 3 2 , 0 0 0
sight sterling, deliverable during this month and in
The following table indicates the amount of bullion
December, which have been made in response to in in the principal European banks.
quiries for cover for loan bills that will mature be
N ov. 1 1906.
N ov. 2 1905.
fore the end of the year, seem to indicate that not B a n k o j
G o ld .
S ilv e r .
T o ta l.
G o ld
,
S ilv e r .
T o ta l.
much lower than current rates are expected to be re£
£
£
£
3 1 .5 0 9 ,7 4 0
corded for sight bills and consequently speculative E n g l a n d . 2 , 8 , 5 4 9 , 8 5 1 ............. ... 2 8 , 5 4 9 , 8 5 1 3 1 . 5 0 9 , 7 4 0
P ran ce
. . 1 1 2 ,5 1 5 ,4 3 0
4 0 ,7 7 2 ,3 9 4 .1 5 3 ,2 8 7 ,S 24 1 1 6 ,0 5 8 ,7 7 7
4 3 , 6 5 2 , 8 0 3 1 5 9 , 7 1 1 ,5 S 0
y a 2 7 .6 3 4 .0 0 0
9 .2 1 2 .0 0 0 ; 3 6 ,8 4 6 ,0 0 0
9 .9 2 7 .0 0 0
2 9 .7 8 2 .0 0 0
3 9 .7 0 9 .0 0 0
selling of such drafts is regarded as somewhat hazard RG eu rsms iaan____
1 4 2 ,8 4 6 ,0 0 0
4 .4 6 0 .0 0 0 1 1 7 ,3 0 6 .0 0 0 1 1 5 ,3 7 0 .0 0 0
4 .3 2 4 .0 0 0 1 1 9 ,6 9 4 ,0 0 0
A u s .-H u n b
4 6 .8 8 0 .0 0 0
1 1 ,7 7 0 ,0 0 0
5 8 ,6 5 0 .0 0 0
1 2 .0 5 5 .0 0 0
4 5 .5 4 1 .0 0 0
ous. The higher prices for call and time money this S p a i n _____ 1 5 . 3 1 5 . 0 0 0 2 4 , 2 5 7 , 0 0 0 : 3 9 , 5 7 2 , 0 0 0 1 4 . 9 7 3 . 0 0 0 2 2 . 3 6 9 . 0 0 0 35 77 .. 55 49 26 .. 00 00 00
3 0 .9 8 3 .0 0 0
3 ,1 4 7 ,2 0 0
3 .7 4 4 ,4 0 0
3 4 .7 2 7 ,4 0 0
2 5 ,0 0 0 ,0 0 0
2 8 .1 4 7 ,2 0 0
week had little influence upon exchange, for it was INt ae tl yh _______
T 'd s .
5 ,5 3 1 ,3 0 0
5 ,5 7 2 ,9 0 0 ; 1 1 ,1 0 4 ,2 0 0
5 .9 7 9 .0 0 0
1 2 ,5 7 8 ,9 0 0
6 .5 9 9 .9 0 0
X a t .-B e lg a
3 .2 5 2 .0 0 0
1 .6 2 6 .0 0 0
4 ,8 7 8 ,0 0 0
1 .5 8 6 .0 0 0
3 ,1 7 2 ,0 0 0
4 .7 5 8 .0 0 0
thought likely that these prices would only temporarily S w e d e n
3 .8 7 5 .0 0 0
3 .7 0 5 .0 0 0
____________ 1 3 , 8 7 5 , 0 0 0
3 ,7 0 S ,0 0 0
rule. It may be noted that the steamer which brought T o t . w e e k 3 S 7 , 3 8 1 , 5 8 1 1 0 1 , 4 1 4 . 6 9 4 4 8 8 , 7 9 6 , 2 7 5 3 9 4 , 7 1 4 , 4 1 7 1 0 3 , 2 4 0 , 0 0 3 4 9 4 , 9 5 4 , 4 2 0
T o t .p r . w k 3 8 6 ,9 9 3 ,7 3 5 jl0 2 ,8 9 2 ,3 0 3 j4 8 9 ,8 8 6 ,0 3 8 3 9 4 .2 5 5 .S 7 9 1 0 3 ,8 4 0 ,4 5 9 4 9 8 ,0 9 6 ,3 3 8
the gold from Buenos Ayres and that arrived at Ha
vana last week, as then reported in the “ Chronicle,” i n at hTeh Be adni kv i soifo nG e(rbme tawneye na ngdo l tdh ea nBda ns ikl v oe fr ) B ge ilvg ei un m i ni s o mu ra dt ea bflreo mo f tchoei nb easnt d e sbtui ml l iaotne
reached Boston on Tuesday and delivered the Ameri wm ea kaer en ao b dl ei s tt oi n co tbi toani n i;n i nt h ne ieri t hw eere kc lays e r ei st uirt n cs l, a imm eerde l yt o r be ep oar ct ci nu gr a tt he ,e atso t tahl o gs eo l db a an nk ds
s i l v e r ; b u t w e b e l i e v e t h e d i v i s i o n w e m a k e is a c l o s e a p p r o x i m a t i o n .
can coin, amounting to $2,750,000, to the Second Na b T h e A u s t r o - H u n g a r i a n B a n k S t a t e m e n t i s n o w i s s u e d i n K r o n e n a n d H e l l e r
in s t e a d o f G u ld e n a n d K r e u t z e r .
T h e r e d u c t io n o f th e fo r m e r c u r r e n c y t o s t e r lin g
tional Bank of that city for transfer to New York; such P o u n d s w a s b y c o n s i d e r i n g t h e G u l d e n t o h a v e t h e v a l u e o f 5 0 c e n t s . A s t h e K r o n e n
h a s r e a ll y n o g r e a t e r v a l u e t h a n 2 0 c e n t s , o u r c a b l e c o r r e s p o n d e n t in L o n d o n , in
o r d e r t o re d u ce K r o n e n to P o u n d s
h a s a lt e r e d t h e b a s is o f c o n v e r s io n b y d i v i d i n g
transfer was effected on Wednesday.
th e a m o u n t o f K r o n e n b y 2 4 in s t e a d o f 2 0 .
Nominal quotations for sterling exchange are
4 8 1 ^ for sixty days and 4 8 6 ^ 2 for sight. The mar
T H E C O N G R E S S IO N A L E L E C T IO N S .
ket on Saturday of last week was lower, as compared
We said some time ago, in discussing the electoral
with that of the previous day, and long fell 25 points outlook of this autumn, that, in our judgment, the
to 4 8060@4 8075, short 25 points to 4 8570@4 8580 very great prosperity prevalent throughout the country
and cables 10 points to 4 8675@4 8680. On Monday would so far offset the influences of discontent, rest
long declined 40 points to 4 8030 @ 4 8035, short 25 lessness and irritation at recent scandals of one sort
points to 4 8550@4 8555 and cables 30 points to and another, as to prevent anything like a political
4 8645@4 8650. On Tuesday long recovered 30 points upheaval in the choice of the new Congress. As the
to 4 8060@4 8065, short 15 points to 4 8565@4 8570 campaign draws to a close, this forecast seems likely
and cables 25 points to 4 8670@4 8675. On Wednes to have been correct. Certainly we hear, from
day long fell 20 points to 4 8040 @ 4 8045, short 5 very few quarters of the Union, that a hot contest
points to 4 8560 @ 4 8565 and cables 5 points to 4 8665 over Congressmen is going on. The average New York
% A 8670.
On Thursday long recovered 30 points to newspaper reader will probably admit that he knows
4 8050 @ 4 8075, short fell 5 points to 4 8555 @ 4 8565 nothing about the Congressional campaign outside of
and cables 5 points to 4 8660@4 8670. The market his own locality. This absence of information is not,
was strong on Friday at an advance of 10 points for we think, due solely to concentration of attention on
long, 25 for short and 40 points for cables.
the New York State election; it results also from the
The following shows daily posted rates for sterling fact that no very ardent struggle is in progress through
exchange by some of the leading drawers:
out the country.
Malta). and shipments of £334.000
of Great Britain.
net
to the interior
T h u n .. F ri..
F r i.,
M on ..
W ed..
Tues..
Oct. 2G. Oct. 29. Oct. 30. Oct. 31. N ov. 1. Nov. 2.
GO days 4 s m
B r o s . <t Co..............
■Sight . 4 86 4
Baring
j GO days 4 X 1 4
A Co_____________
Sight.. 4 8 6 4
Bank British
; 60 da vs 4 8 1 4
North America . - l Sight . 4 8 6 4
B ank of
i GO days 4 8 1 4
Montreal ______.
Sight , 4 8 6 4
Canadian
GO days 4 8 1 4
Bank of Commerce i Sight
i 864
Heldelbaeh, Iekel160 days 4 8 1 4
8ieht
heimer A: Co
4 864
Lazard
( GO days 4 8 1 4
Freres .................... . I.Sight
4 864
Merchants' Bank
■GO days 4 8 1 4
Sight.. 4 8 6 4
of Canada................
Brown
814
864
814
86 4
814
86 4
814
864
814
M’. ’A
814
86 4
81 4
864
814
864
814
864
814
864
814
864
814
864
81 4
WA
814
864
814
864
814
864
814
864
814
86 4
814
864
814
864
81 4
864
814
864
814
86 4
814
864
814
86 4
814
so 4
814
864
814
864
814
86 4
814
864
814
864
814
864
814
864
814
864
814
86 K
814
86'
814
36
814
804
814
Mi A
HI A
H6lA
In saying this we do not, of course, assume that the
present majority in the 59th Congress will be returned
as it stands to-day. Such a result, in the Congressional
election following a sweeping Presidential majority,
would be unusual if not unprecedented. At present
the Republicans have the large majority of 113 in the
House of Representatives. How much above the
normal such a majority is may be found by referring
to the preceding Congress, the 58th. Elected in 1902,
after the heavy McKinley majorities of 1900, and with
1008
THE CHRONICLE.
the Democratic Party still in a state of more or less
demoralization, the Republican majority in that Con
gress was only 29, as against a plurality of 46 in the
House which it succeeded. It will be seen, therefore,
that in the natural order of events a considerable
pruning down of the present Republican majority
would not only be not unusual, but would observe or
dinary precedent.
When one scans the list of the separate State dele
gations in the present House, the same fact becomes
even more impressive. Missouri, for instance, whose
Congressional delegation contained only one Repub
lican in the 58th Congress, has at the present time
8 Republicans out of a total representation of 16.
The Pennsylvania delegation, which contained 4
Democrats in the 58th Congress, has to-day only one.
New York, in which 20 out of 37 representatives were
Republican in the last previous Congress, shows 26
Republicans at present. States like Michigan, Minne
sota and Nebraska, which for years have returned at
least one Democratic representative, are solidly R e
publican in the present House. If experience is any
guide, this situation is abnormal and likely to be cor
rected in the mid-term elections.
As to where the majorities will be reduced, there is
reasonable probability that the changes will be scat
tered through many localities such as we have referred
to. In Pennsylvania, where the electoral fight has
converged on the Governorship, there are signs that
the existing powers may be pressed hard by the oppo
sition, if not actually routed. It is usual that a move
ment of this sort carries with it some seats in Congress,
and the reports of a close fight in such districts as Mr.
Dalzell’s indicate a present possibility of the sort.
Whether the same thing may be said of New York State
or not depends, of course, on the view which one takes
of the New York situation. We should say that a
sweeping victory for Mr. Hughes would help toward
retention of the present New York delegation in the
House. But the contest in this State has been so
peculiar, and will surely be marked by so great a
“ splitting” and “ scratching” of ballots, that no pre
diction as to its bearing on the Congressional campaign
can be made with safety. How far the Congres
sional election has been dwarfed by the struggle
over the Governorship in this State may be judged
from the fact that the one or two occasions on which
either party sent to New York men of national repu
tation to speak for the party’s Congressman have re
sulted in confession that a mistake had been made,
and that New Y ork’s campaign had best be left to the
New Yorkers. But since this is equivalent to admit
ting that national issues do not interest the New York
voter in the present campaign, it is equivalent also to
admitting that voters are not concerning themselves
greatly over the Congressional campaign.
Prediction is always hazardous, and electoral pre
diction is particularly subject to surprises; but as mat
ters appear to-day upon the surface it would seem
that the party now in power will be able to retain con
trol by a fair majority. If it does thus succeed in
asserting control of Congress for the seventh successive
time, a very remarkable political phenomenon will have
been presented. At no time in our previous history
has one party been so repeatedly returned to control
of national affairs. The obvious lesson is that voters
are not always either merciful to or forgetful of a
[Vol. Lixxni.
monumental blunder, and that these majorities are the
penalty which they visit on a political party guilty
of tampering recklessly with such questions as the
currency and of threatening change in the standard
of value. But for its reckless experiment in 1896,
and its even more foolish undertaking four years later,
it is an absolute certainty that at the present time
we should have had in the United States a strong and
healthy opposition, alternating with the present domi
nant party in control of Congress, and thus maintain
ing evenly and sanely the political balance.
THE GREAT NORTHERN R AILW AY’S RECORD
OF PROSPERITY.
With unexampled prosperity throughout the length
and breadth of the land and with development particu
larly marked in the sections of country traversed by
the lines of the system, the Great Northern Railway,
which previously was able to show such striking results
from its operations, this time in its annual report has
an income exhibit which attracts attention even in
these days of extraordinarily favorable income returns.
Mr. James J. Hill in the management of this great rail
road property has followed the plan of distributing
only 7% dividends to the shareholders. This 7% in
the past year on the company’s share capital (which
for three-quarters of the time was about 124J^ mil
lion dollars and the other quarter was 149^ million
dollars) called for $9,148,520. The amount shown to
be available for the purpose on the year’s operations
is $14,333,090. Thus there was an excess above the
dividend requirements in the large sum of $5,184,569.
If this were the whole story, the result might not
be considered so very remarkable. But it is not the
whole story. To get a full understanding of what
has been accomplished, it is necessary to go behind
these figures and see how they have been reached. It
is accordingly found that the amounts given have been
arrived at after very heavy special appropriations.
There were such special appropriations in other years,
too, so the act itself is not new. But this time these
appropriations have been of exceptional amount.
In the previous fiscal year $3,000,000 had been taken
out of income in that way and in the year before $2,000,000. In 1905-06, with earnings so much larger,
the appropriation exceeds that of these previous two
years combined. In other words, no less than $5,130,910 of the year’s income was set aside for the pur
pose named before arriving at the figures given.
Of this $5,130,910, $2,786,291 was transferred to
the Fund for Permanent Improvements and Renewals
and $2,344,618 was transferred to the Fund for Re
placement of Equipment. Hence, if these amounts
had not been taken out, the surplus above the require
ments for dividends instead of being $5,184,569 would
have been $10,315,479. But even this does not tell
the whole story of the year’s favorable results. From
another part of the report we learn that only actual
additions to and improvements of the property are
comprised in the Fund for Permanent Improvements
and Renewals— that, entirely apart from this, $2,583,054 of extraordinary expenditures were included in
“ maintenance of road and structures” and charged di
rectly to operating expenses in the year’s accounts.
Thus we have altogether $12,898,533 above the year’s
requirements for dividends if allowance be made for
these exceptional items. In brief, while $9,148,520
Nov. 3 1906. J
THE CHRONICLE.
was required for the dividends, the amount that could
have been shown available for the purpose was no less
than $22,047,053. Put in another way, with 7% paid
on the stock, close to 17% seems to have been earned.
Of course, however, no railroad now-a-days distributes
all it earns— not always even the greater part. The
Great Northern, like so many other well-managed
properties, follows the policy of paying only mod
erately large dividends and putting the remainder of
the income back into the property for the benefit of
the patrons of the road— thereby giving the public
increased facilities and accommodations without bur
dening the property with new debt or stock on which
interest or dividends would have to be earned, and
which the shippers and patrons of the road would
eventually have to pay.
The balance sheet shows that up to June 30 1906
$11,611,716 of additions and improvements had been
paid for from income, besides which there was an un
expended balance of $6,888,431 to the credit of the
Fund for Permanent Improvements and Renewals
and $4,251,051 in the Fund for Replacement of
Equipment; also $441,743 in the insurance fund and
$9,172,470 .of surplus funds of the proprietary com
panies, making altogether $32,365,411. In addition,
the Great Northern Company and the proprietary
companies had $25,571,454 of income to the credit of
profit and loss and the St. Paul Minneapolis & Manitoba
had a similar credit of $2,032,104. In the aggregate,
therefore, we have nearly 60 million dollars— in exact
figures, $59,968,969— which has gone into the prop
erty in one form or another in these ways for its physi
cal and financial improvement.
The public is getting a further benefit in steadily
diminishing rates. Though having a large amount of
branch line mileage on which traffic' is necessarily
light and also having considerable main line mileage
running through sparsely settled districts, the Great
Northern receives only low average freight rates on
its tonnage. Moreover this average, as just stated,
:is steadily tending towards still lower figures. Thus
in the late year the company realized only 7.91 mills
per ton mile on its entire freight traffic. The year
before the average was 7.92 mills and the previous
year it was 8.93 mills. Moreover, a long list of re
ductions in rates have been announced since the close
of the fiscal year. These reductions are enumerated
at length in the report and comprise (taking them in
the order of their sequence) a new distance tariff in
Montana, new class rates from Eastern terminals to
Montana points, reduced rates on grain from stations
in Minnesota, North and South Dakota, Iowa and
Nebraska to Eastern terminals, reduced class rates
from Far Western points'to Montana points, and re
duced rates on hard and soft coal from Duluth, Su
perior, St. Paul and Minneapolis to stations in Minne
sota, North and South Dakota, Iowa and Nebraska.
Economies in operations and a light capitalization
are also circumstances that enable the company to
keep transportation charges low. Under Mr. Hill’s
management, the Great Northern has always been
distinguished for economy in operations, it having
attained distinction in that way long before most large
systems were giving the subject'much attention. It
is only necessary to say now on that point that the
company still keeps enlarging its average train-load.
The further addition in the late year was T}/2 tons
1069
bringing the average up to the very high figure of 530
tons. This, it should be understood, covers simply
revenue freight. If the tonnage carried by the com
pany for its own use were added, the average
would be increased to 590 tons. We have referred
recently to the great improvement made by the
Northern Pacific Railway within recent years, through
the adoption of the same methods, in this matter, of
train-load. But the Great Northern still retains a
decided lead in that regard, the Northern Pacific Co.’s
average train-load on revenue freight in the late year
having been only 400 tons and its total train-load,
including company freight, 468 tons. Owing to its
high train-load the Great Northern trains are able to
show very large earnings per mile run, notwithstanding
the low rates received. In the late year the trains
earned no less than $4.25 per mile. There are many
important systems where the trains earn not much
more than half this amount, with better average rates
than those which the Great Northern obtains.
The Great Northern has followed the plan in recent
years of providing for its new capital needs by stock
issues rather than bond issues. During the twelve
months covered b y sthe present report 25 million
dollars of new stock was issued, for which the share
holders were allowed to subscribe at par, giving them
exceedingly valuable rights. In the bonded debt of the
St. Paul Minneapolis & Manitoba R y ., there was
actually a reduction during the twelve months in
amount of $526,000. Besides this, the Great Northern
Company paid off the £1,500,000 ($7,290,000) col
lateral notes issued Dec. 1 1903 and which matured
Dec; 1 1905, thereby releasing £2,000,000 of St. Paul
Minneapolis & Manitoba Pacific Extension bonds,
which have been returned to the treasury of the com
pany. The $1,030,000 bills payable outstanding the
previous year were also paid off. As illustrating5how
extensive the company’s new capital requirements
are, even with very large appropriations of income
each year for additions and improvements, we may
note that during the late twelve months the expendi
tures on the capital accounts of the proprietary com
panies reached $2,985,195, that there were advanced for
construction purposes during the year to other com
panies the sum of $8,988,960, and that there was
paid for additional equipment for the Great Northern
$3,423,459. These three items, it.will be seen, aggre
gate over 15 million dollars.
• The issue of new stock, with the large surplus earnings,
has left the company with abundant supplies of avail
able cash. The balance sheet shows $13,683,809 of
actual cash on hand June 30 1906 and $9,582,684 of
other cash assets, making together $23,266,493. We
have adverted above to the company’s light capitali
zation. This amounts to only $39,335 per mile of
main track, including both stock and bonds.
THE NATIONAL RAILROAD OF MEXICO AND
THE MEXICAN INTERNATIONAL.
The securities of all the Mexican roads have shown
considerable activity on our Stock Exchange this
week, and this gives special interest to the annual
reports just issued of the National Railroad of Mexico
and the Mexican International. The reports really
cover a period of only six months, the ending of the
fiscal year having been changed from Dec. 31 to June 30,
1070
THE CHRONICLE
and the statement now issued therefore relates
merely to the six months which have elapsed since the
issue of the report for the calendar year 1905. In the
case of the National Railroad of Mexico both the
shares and the bonds are dealt in on the New York
Stock Exchange and in the case of the International
the bonds are listed.
The condition and prospects of both roads have been
greatly improved during recent periods, but particuarly so with the National Railroad. In the first
place, it should be recalled that under the reform
inaugurated in the Mexican currency about 18 months
ago stability in the value of the Mexican dollar has
been established. This dollar now has a fixed value
of 50 cents in gold, thus doing away with the fluctua
tions in exchange which previously had been such a
■serious matter with all the Mexican roads. The ad
vantage of this fact consists not alone in the circum
stance that a given amount in Mexican silver will pro
duce more in gold than before, but also in that the
Mexican dollar possesses increased purchasing power
in the buying of materials and supplies needed in the
operation of the road. This last, it can be readily
seen, is a matter of no little consequence, as these sup
plies have to be bought in large part outside of Mexico
and paid for in gold.
The influences here narrated in their bearing of
course apply equally to all the different roads in the
neighboring republic. We mean that it is reasonable
to regard the future of all Mexican roads with more
confidence now that the currency of the country is
on a fixed ratio of exchange with gold. In addition,
there have been important developments pertaining
to the National Railroad itself which tend to make
the future of that property much brighter. The
National was formerly exclusively a narrow-gauge
system; it is now in large part of standard-gauge width.
The work on the main line was completed in October
1903, and on Nov. 8 1903 standard-gauge through
train service was inaugurated between Corpus Christi
and the City of Mexico. Including the cost of the
El Salto cut-off, which formed part of the general
scheme for securing a standard-gauge line from the
Gulf of Mexico at Corpus Christi, Texas, through
Laredo to the City of Mexico, and also the cost of the
new equipment that had to be procured, this improve
ment involved altogether an outlay of over ten million
dollars. According to the present report, ou t of
1,730 miles of main and branch lines operated, 1,305
miles were on June 30 1906 of standard gauge.
The building of what is known as the Matamoras
extension has been another important event in the
affairs of the National Railroad. This involved the
construction of a line from a point near Montere}'- to
San Miguel de las Cuebas, and the change of gauge
of the old line from the last-mentioned point to Mata
moras. The entire line was opened for standardgauge service on May 5 of last year. During the six
months of 1906 covered by the present report, the
National also acquired the Hidalgo & Northeastern
Railroad, a narrow-gauge railroad of 152 miles, ex
tending from the City of Mexico to Beristain with
various branches. The road is still operated separately,
just as are the Mexican International and the Interoceanic- .
This last calls attention to the fact that the National
Railroad controls a large amount of mileage besides
[V O L . LXXX11I.
that directly operated and covered by the report. It
owns $15,786,100 out of the $20,708,200 capital stock
of the Mexican International, besides the whole $4,499.000 income bonds of the same company and $3,000,000 of the 4 % consolidated mortgage bonds of
that company. It also owns 125,183 out of the
170.000 £10 ordinary shares of the Interoeeanic Rail
way, 10,200 out of the 100,000 £10 preferred shares
and £1,038,400 out of the £ 1,150,000 4 ^ % second
debenture stock of the Interoeeanic Railway. Adding
to the 1,730 miles of road directly operated by the
National Railroad, the 911 miles operated by the In
ternational and the 736 miles operated by the Interoceanic Railway, together with the 152 miles embraced
in the Hildago & Northeastern, just acquired, the
aggregate of mileage operated and controlled is brought
up to 3,529 miles. As is well known, the National
Railroad is itself in effect controlled by the Mexican
Government. The capital stock of the National
Railroad aggregates $62,182,925 (consistingof $424,100
of common stock, $10,975,300 deferred stock, $21,950,600 second preferred stock and $28,832,925 first
preferred stock), and of this the Mexican Government
held at latest date $10,975,300 deferred stock, $9,343,900 second preferred stock and $10,000,000 first pre
ferred stock, or, altogether, $30,319,200.
In the National Railroad report the result of the
operations of the other two roads (we mean the Mexi
can International and the Interoeeanic, the Hidalgo
& Northeastern having been acquired quite late in the
year) appears in the income received by it on its hold
ings of the securities of those roads. The first pre
ferred stock of the National has recently been placed
on a dividend basis, the first dividend (1% ) on it
having been paid Aug. 10 1906. The report for the
half-year shows that to meet this dividend, which
called for $288,329, there was available net income
of $429,793, leaving therefore a surplus above the
dividend on the operations of the half-year in amount
of $141,463.
The feature of the report is the large gain in both
gross and net earnings as compared with the corre
sponding six months of 1905. The increase amounts
to $1,283,579 in the gross and to $942,184 in the net.
It is needless to say that the earnings for these six
months of 1906 exceed those of any previous six months
in the history of the company. The same condition
has obtained on nearly every railroad in the republic,
and the report states this serves to illustrate the grad
ual and steady growth of the business of the country,
of which the National Railroad has received a fair pro
portion. As showing how greatly the revenues of the
National have expanded within a comparatively short
time, it deserves to be noted that in the six months
of 1906 gross earnings were $7,393,925, and that this
compares with $9,262,859 for the whole twelve months
of the calendar year 1902.
The Mexican International in its separate report for
the six months also makes a good income exhibit.
The total net revenue in United States currency for
the six months was $845,254, which compares with
$618,758 in the first six months of 1905. The obliga
tory interest on the funded debt during the six months
was only $275,755, leaving therefore an excess of
$569,499 in U. S. currency. Of this latter $395,245
was applied in the making of additions and better
ments and the purchase of new equipment.
THE CHRONICLE.
Nov. 3 190$. |
ITEMS ABOUT BANKS, BANKERS AND TRUST CO’S.
— The pu blic sales o f bank stocks this week aggregate
193 shares, of which 1S3 shares were sold at the Stock E x
change and 10 shares at au ction . The au ction sales o f trust
com p an y stocks reach a total of 20 shares. The table b elow ,
given in our usual form , shows the actual sales of New Y ork
City bank stocks made during the week at auction and at
the Stock E xchange. E xtensive tables show ing the bid
and asked quotations, deposits, surplus, etc., o f banks and
trust com panies in all im portant cities o f the United States
are published m on th ly in the “ Bank and Q u ota tion ” section,
the N ovem ber issue of which accom panies to -d a y 's “ Chron
ic le .”
Bid and asked quotations for all New Y ork City bank
and trust com pan y stocks are also published w eekly in another
departm ent of the paper, and will be fou n d to -d a y on pages
107S and 1079.
Lmc.
Shares. BANKS— New York.
xS3 Commerce, Nat. Bank o f . . 185
10 Corn Exchange Bank. — 314b
rl50 Fourth National Bank____ 912
TRU ST COMPANY— New York.
10 Equitable Trust Co. _____ 450 >4
TRUST COMPANY —Brooklyn.
10 Williamsburg k Trust Co__ 220
High. Close.
1S5
185
314b 314 b
212
212
Last previous
Oct. 1906—
Oct. 1906—
June 1906—
sale.
185
322
216 M
1071
panies o f the United S ta tes.” This y ea r’s volum e is m ore
convenient as to size ( 6 ^ x 8 % inches) than its predecessors,
making it better adapted to the constant usage which a p u b
lication of its character com m ands. The w ork is a m ost
useful one, em bracing as it does a com pilation o f the state
ments o f the con dition of trust com panies throughout the
U n ited States, with additional data as to officers, directors,
correspondents, dividend rates and stock quotations. T w o
alphabetical indexes, one b j1, com panies and the other b y
cities, give the b o o k added value. Credit for the com pila
tion o f the statistics is given to the A udit C om pany of New
Y ork .
— A New’ Y o rk Stock E xchange m em bership was reported
transferred this week for $89,000. The last previous transfer
was made abou t a m onth ago for $92,000.
— A. Gordon Norrie and H . W ard F ord , Secretary and
Treasurer respectively of the W indsor Trust C om pany of
this city , wrere this w eek elected V ice-Presidents and direc
tors o f the institution.
— A t the m eeting o f the B ankers’ P u b licity A ssociation
which was recentlj’ held in St. L ouis, Charles B. H art, of
220
220
Mch. 1906— 230
W heeling, W . V a ., was elected President, succeeding H arold
A . D avidson, Secretary o f the H om e Trust C om pany of
x Sold at the Stock Exchange, b New stock.
— The special com m ittee, com posed of G. S. W hitson, New Y ork . George E . R ob ertson , o f the Northern Trust
Col. J. D . Powers and George M. R eyn old s, appointed at Co. of Chicago, wras elected Secretary and James E . B rock ,
the recent annual convention of the A m erican Bankers’ Secretary o f the Mississippi V alley Trust C om pany, St.
A ssociation to select ten names to be added to last y ea r’s Louis, was elected Treasurer. Eight new’ V ice-Presidents
legislative com m ittee of the association, to com plete the from various sections o f the cou ntrv were also elected.
com m ission of fifteen w hich is to take up the question of
— The new Commercial Trust C om pany o f this c ity , re
currency reform , announced its selections yesterday. cen tly organized with a capital o f $500,000 and surplus o f
Those chosen are as follow s:
$250,000, will open for business n ext T hursday at th e
450 >5 450 H July 1906—
465
A. B. Hepburn, President Chase National Bank, New York, Chairman.
James B. Foreran, President First National Bank, Chicago, 111.
Festus J. Wade, President Mercantile Trust Co., St. Louis, Mo.
Myron T. Herrick, Society for Savings, Cleveland, Ohio.
Joseph T. Talbert, Vice-President Commercial National Bank, Chicago.
Charles H. Huttlg, President Third National Bank, St. Louis, Mo.
John Perrin. President American National Bank, Indianapolis, Ind.
Luther Drake, President Merchants’ National Bank, Omaha, Neb.
Solan Wexler, Vice-President Whitney-Central National Bank, New
Orleans. La.
Robert Wardrop, President Peoples’ National Bank, Pittsburgh, Pa.
northwest corner o f B roadw ay and 37th Street. R . R .
M oore, form erly President o f the New A m sterdam National
B ank, is to be its execu tive, and Am es H iggins, S ecretary.
Mr. Higgins was until lately Assistant Secretary o f the Van
Norden Trust C om pany, resigning to accep t his office in the
new institution. In addition to handling trust fu n ds, the
The five m em bers o f the legislative com m ittee who are Commercial Trust will also engage in a regular com m ercial
banking business. The com p an y will be indepen den t. The
also to serve on the Currency Commission are:
Arthur Reynolds, President Des Moines National Bank, Des Moines, la. board o f directors is as follow s: K im ball C. A tw o o d , Herm an
E. F. Swlnney, President First National Bank, Kansas City. Mo.
A uerbach, George W . E lkins, A . L . E rlanger, E . H. Fallow s,
Jos. A. McCord, Cashier Third National Bank, Atlanta, Ga.
W . V. Cox, President Second National Bank, Washington, D. C.
John L. Hamilton, Vice-President Hamilton & Cunningham, Hoopes- Jos. R . Grism er, J. H . M cG raw , I. A . M ekeel, E . E . M oore,
ton. 111.
R . R . M oore, L . H . Perlm an, Chas. G. P hillips, W . D .
The first m eeting o f the Com m ission will be held on Mon
Sargent and L . D . Sm ith.
day, N ovem ber 12, at the "Willard H otel, W ashington, D . C.
— Am brose M onell, President o f the International Nickel
A t this m eeting the m em bers of the New Y o rk Chamber of
C
o.,
was this week elected a director o f the L iberty National
Commerce Currency C om m ittee, com posed of John Claflin
Bank
o f this city .
Chairman, F . A . Vanderlip, Isidor Straus, D um ont Clarke
and Charles A . Conant, will be in vited to confer with the
— The New Netherlands Trust C om pany of this city , w’hose
Commission, as p rovided in the resolution authorizing its certificate of in corporation was filed this week, is to begin
appointm ent. Secretary Branch states that it is hoped that business on January 1. R eference to this new institution,
through their deliberations a concrete plan for im proved which is to locate at 5th A venue and 36th Street, was made
currency will be adop ted b y Congress this winter.
in these colum ns Septem ber 8. Its board o f directors wall
— It is announced that at a recent m eeting the bankers of be made up of the follow ing incorporators: Benjam in A ltm an,
San A n ton io perfected the organization o f a local Clearing George B . Case, Thom as C ockran' Jr., E . C. Converse, H enry
House A ssociation. The officers o f the association are: P. D avison, Thom as W . L am on t, E dgar L . M arston, Gates
President, T . C. F rost, President of the Frost National Bank W . M cGarrah, George W . Perkins, W illiam H . Porter, Sew
of San A ntonio; V ice-President, Franz G roos. The question ard Prosser, Daniel G. R eid , John F . T hom pson and A lbert
of having San A ntonio designated a reserve city has lately H. W iggin. The com p an y is to have a capital of $1,000,000.
been under discussion and it is understood that an applica E dm und C. Converse is to be President, and Thom as Cockran
Jr. and Seward Prosser Vice-Presidents.
tion to this effect will be made to the Com ptroller.
— Stephen M. Griswold, who resigned as President o f the
— The D etroit Clearing House A ssociation is reported to
have adopted new rules to govern the collection o f ou t-of- Union Bank of B rooklyn B orough at the tim e of its consoli
tow n checks. Hereafter, on all item s com ing from any dation with the Stuyvesant Bank in April 1905, has tendered
ban k, banker or trust com pan y in New Y ork C ity, B oston, his resignation as a director o f the Union Bank. Mr. GrisPhiladelphia, A lban y, Pittsburgh, C hicago, St. Louis, K an wold is to be the President of the proposed M ontauk Bank
sas C ity, D uluth, Om aha, Indianapolis, L ouisville, Minne o f B rooklyn.
apolis or St. Paul, the charges will be in every case not less
— Alexander M. W hite, the oldest m em ber of the boards
than one-tw entieth of 1 % on the aggregate; on all item s of the B rooklyn Trust Com pany and o f the Nassau National
on M ichigan, other than D etroit, com ing from the same Bank o f Brooklyn B orough, died on the 31st ult. in his ninetysources, the charge will be n ot less than one-tenth of 1% second year. Mr. W hite was one of the organizers of the
on the aggregate; the latter charge will also apply on all Brooklyn Trust C om pany. PTe had been, b< sides, a m em ber
item s com ing from any other source bearing the indorse o f the Chamber of Commerce since 1859, a director of the
ment of any individual, firm, corporation, bank, banker Brooklyn City H ospital, and a charter m em ber of the original
or trust com pany located in any other State than that from I A cadem y of Music.
which the items are received. The m inim um charge in all
— The Com ptroller o f the Currency has approved an appli
cases will be 10 cents.
cation to organize the M ount Vernon National Bank of
— The United States M ortgage & Trust Com pany of this Mount Vernon, N. Y ., with a capital o f S200,000. The ap
city has issued the 1900 num bcr’ of its book on “ Trust Com plicants arc Herbert T . Jennings, o f 206 B roadw ay, this city;
1072
THE CHRONICLE.
Samuel G. Bayne and C. C. Thom pson, respectively President
and Cashier of the Seaboard National Bank; T. W ister Brown,
S. G. Wilson and Horace L oom is.
— William A. W ait, for forty-fou r years Cashier of the
National Bank of Glens Falls, at Glens Falls, N. Y ., died on
Sunday in his seventy-first year.
— A run, said to have been due to the circulation o f false
rumors as to the stability of the institution, was started on
the Adirondack Trust Com pany of Saratoga, N. Y ., on S at
urday last. Although the run continued throughout the
day, and although the institution remained open beyond its
usual banking hours to meet the demands upon it, the w ith
drawals are reported to have amounted to but $110,000.
The com pany has a capital of $100,000. State Senator E d
gar T. Brackett is its President.
— Application has been made for a charter for the Brattleboro Trust Company of Brattleboro, V t. The institution is
to have a capital of $100,000 in shares of $100. Charles A.
Boyden is to be the Treasurer and James R . R yder Assistant
Treasurer.
— In addition to its semi-annual dividend of 4 per cent, the
Tradesmen’s National Bank of Philadelphia has declared an
extra dividend of 1 per cent.
— The Real Estate Trust Com pany of Philadelphia reop
ened its doors on Thursday, the 1st in st., with George H .
Earle Jr., who so ably conducted the receivership (accom
plishing its rehabilitation two m onths’ after the com p a n y’s
suspension) as its President. Under the reorganization the
capital of the institution is to be increased from $1,500,000
to $6,000,000, the additional $4,500,000 to be issued in the
form of preferred stock, and to be utilized as paym ent for
two-thirds of the claims of the com pan y’s depositors. On
Monday next tem porary certificates will be distributed in
exchange for the two-thirds portion of the deposits. Al
though it was announced that paym ent of the other third
in cash, would begin on Thursday last, the withdrawals were
light, while the amount deposited with the institution on
its opening day exceeded $800,000. As m ay be recalled
the new stock will be preferred as to principal in the dis
tribution or liquidation of the com pan y’s assets, and to
the extent of 6 per cent preferred as to dividends. It
is to be redeemable at any time after dividends of 8 per cent
shall have been paid upon b oth preferred and com m on stock,
the redemption to be, as the holders m ay elect, either in
com m on stock or in cash. At a meeting on the 26th u lt.,
Mr. Earle and Richard Y . Cook. James F. Sullivan and. A
G. L oeb,w ere elected directors of the institution to serve
until the annual election in January. On the 29th ult. Mr.
Earle was elected to the presidency, and at a meeting of the
directors on Tuesday Howard E. Y oung was appointed tem
porary Treasurer, succeeding William F. N orth, resigned.
Mr. Y oung is now Secretary and Assistant Treasurer of the
Guarantee Trust & Safe Deposit Company of Philadelphia.
— The Fourth Street National Bank of Philadelphia has
declared a semi-annual dividend of 6 % , an increase of 1 %
over the am ount previously paid, or at the rate of 12% per
annum instead of 10% as heretofore.
— William H. Harper, for some years teller o f the Mer
chants’ National Bank of Philadelphia, has been elected
Secretary and Treasurer of the proposed P eople’s Trust
Company of Philadelphia. The latter institution, as men
tioned July 21, is to have a capital of $500,000. It will
begin business about January 1.
— Richard H. Ru.shton, President of the Fourth Street
National Bank of Philadelphia, has been elected Chairman
of the Philadelphia Clearing-House Association to succeed
the late Theodore K itchen. Mr. Kitchen had been Chair
man previous to his election as President last m onth.
— The directors of The Philadelphia (Pa.) National Bank
have declared a semi-annual dividend of 6 % and added
$250,000 to surplus account, making that fund $2,750,000.
This is an increase of $500,000 to surplus in the past year
and an increase of 1 per cent in the half-yearly dividend pay
ment, placing the stock on a 12% annual basis. The surplus
fund of $2,750,000 has all been earned. Since the b a n k ’s
organization total dividends of $14,644,372 or 9 7 2 % , have
been distributed to the stockholders.
—'Charles E. Rieman has been elected President of the
Western National Bank of Baltimore to succeed the la te
[VOL. LXXXIII.
Joshua G. Harvey. The directors have also elected W alter
B. Brooks Vice-President of the bank to fill a vacancy ex ist
ing for some time. In December 1903 Mr. Rieman w as
chosen to serve as tem porary President of the Commercial
& Farmers’ National Bank of Baltimore until its reorganiza
tion several months later.
— The proposed Depositors’ Savings & Trust Company of
Cleveland, which it is understood is being organized b y Mayor
Johnson, was incorporated on the 26th ult. with a capital of
$300,000.
— The German-American Trust Company of Indianapolis,
In d ., has decided to issue an additional $100,000 of stock,
thereby increasing its capital from $300,000 to $400,000.
The present shareholders have been asked to waive their
rights to the new stock, that it may be distributed with out
side interests. The institution began business on August 1.
— E. E. Brumbaugh, lately Assistant Cashier of the Forest
City National Bank of R ockford , 111., has advanced to the
cashiership of the institution.
— The paym ent of a second dividend of 20 per cent to the
depositors of the failed Milwaukee Avenue State Bank of
Chicago was authorized last week. A similar amount was
paid shortly after the institution closed in August.
— The American Trust & Savings Bank o f Chicago an
nounces that it will occu py its new offices in the American
Trust Building at Monroe and Clark Streets, on M onday n ex t,
the 5th inst.
— M. H . Kilgallen has recently been elected a director of
the Monroe National Bank of Chicago. The usual dividend of
1 % , payable on the 1st in st., was declared to the ban k ’s
stockholders of record O ctober 29. Since March last, when
the Monroe National began as successor to the Manufactur
ers’ Bank, the deposits have shown steady advances, and the
amount has already passed the $1,000,000 mark. A t the
date of the last call, September 4, the figures were $857,267,
and on January 30 1906 but $517,541.
— Thomas E. Camp has tendered his resignation as an
Assistant Cashier of the First National Bank of Milwaukee.
— C. S. Hetherington, for sixteen years Cashier of the
Exchange National Bank of A tchison, Kansas, died on the
25th ult. Mr. Hetherington was the son of W illiam Hether
ington, founder of the bank.
— Gordon Jones, a member of the executive com m ittee
of the Colorado Bankers’ A ssociation, has favored us with a
copy of the book reporting in full the proceedings of the fifth
annual convention, held at Glenwood Springs on July 6 and 7.
— The American Trust & Savings Bank of Birmingham,
which styles itself “ the Bank that is Birm ingham ,” recently
issued a broehui'e setting forth facts of interest b oth as to
itself and the city in which it is located. The scope and
history of the institution are briefly adverted to. and particu
larly the subject of banking b y mail, •which is a feature of the
com pany’s operations. Several views are shown giving an
idea of the city and the size and character of its more im port
ant buildings.
— At a recent meeting appropriate resolutions were adopted
b y the Los Angeles Clearing-House Association on the death
of Herman W . Heilman, a mem ber of the Clearing-House
Committee and President of the M erchants’ National Bank
of Los Angeles.
— As noted in our Bankers’ & Trust Section, issued last
Saturday, W . L. Brent, President of the Merchants’ Trust
Company of Los Angeles, was elected Vice-President for Cali
fornia of the Trust Company Section of the American Bank
ers’ Association at the St. Louis Convention.
— It is proposed to convert the Scandinavian American
Savings Bank of San Francisco into a National institution.
An application for the conversion was approved at W ashing
ton on October 25. The bank will change its title to the
Merchants’ National Bank, but its capital will remain $300,000.
— In connection with the recent failure of the Aetna Bank
ing & Trust Company of Butte, M ont., an indictment is re
ported to have been handed down b y the grand ju ry against
Cashier E. F. Garside. The Butte office of the institution
closed on the 19th ult.., the day follow ing the suspension of
its W ashington, D. C., branch.
Nov.
3 1906.]
1073
THE CHRONICLE.
— A ccord in g to report, the M orm on Church has sold its
h oldings o f stock in the Utah N ational Bank o f Salt Lake
C ity to W . S. M eCornick o f the banking house of M eCornick
& C o., Salt Lake City. The b a n k ’s capital of §100,000 is
said to have been largely ow ned b y the church.
Our usual m onthly detailed statem ent o f transactions on
the various New Y o rk E xchan ges is appended. T he results
for the ten m onths o f 1906 and 1905 are given below .
— F rank N, B elgrano, w ho has disposed of his stock in the
Colum bus Savings & Loan S ociety o f San F ran cisco, has re
signed as Cashier and d irector o f the institu tion . W alter J.
D em artini is his successor as Cashier.
Descrip ’n
Par Value \
or Quantity.
S t'k \ S h s.
244.140.S28i
— The proceedings in b o o k form of the con ven tion of the
W ashington Bankers’ A ssociation held at T acom a in June
have been issued b y S ecretary P. C. K au ffm an. The b ook
com prises 182 p a ges, and contains a full report o f the three
d a y s ’ m eeting, w ith photographs o f the present officials of
th e association and its retiring P resident. •A c o p y of the
p rop osed State law to govern the form a tion , regulation, & c.,
o f ban kin g co rp ora tion s, su b m itted at the m eeting b y the
E x e cu tiv e C ou n cil, is also in corp ora ted in the proceedings.
— The stockh olders o f th e B an co M ercantil de Y u catan ,
a t M erida, M e x ., it is sta ted , have ratified an increase of
$2^000,090 in the ca p ita l, raising it from $6,0 00 ,0 00 to $8,000,000. The new shares (par $100) w ill b e sold at $150 e a ch ,
to be paid fo r in tw o installm ents, due N ov, 1 an d D ec. 1.
P resent shareholders have been g iv en th e right to subscribe
p ro rata to the addition al s to ck .
Cana dian Bank Clearings.— The
clearings o f the Canadian
banks for the m on th o f O cto b e r 1906 s h o w an increase over
the sam e m onth of 1905 of 23,0% ., and fo r the ten m onths
the-gain r e a c h e s ^ l ? ^ ^
October.
Ten Months.
Clearings at—
1906.
Inc. or
Dec
1905
-Canada —
S
S
M o n tre a l--------- 145.000J)00 i!2 1,52 S ,0 2 4
T o ro n to _______ H 6-,493^503 -9 7,1 38,9 54
W innipeg______ 5 7 ,0 8 7 ,OSS 4 4 ,974 ,98 6
O t t a w a ______
12,421 ,88 2 1 -0,5 11+ 4 9
Vancouver____
1-3,961,545
8 ,6 8 3 ,2 1 8
H a l if a x ______
S ,398.677
7 ,8 8 1 ,5 9 8
Quebec-------8 ,5 8 7 ,5 6 3
7 4 8 5 ,2 8 2
H am ilton ..........
7 ,3 2 6 ,4 0 2
6 4 7.7.8 73
S t. John_______
5,553,49-7
4 ,9 8 4 ,2 3 7
London ____
5 .1 0 4 ,6 9 5
4.4 22 .8 0 1
V ictoria_______
5 ,6 7 8 ,0 1 7
3 ,0 7 6 4 0 1
Calgary - -5-.690.414 v ot-incl. On
■Edmonton____
3 ,3 1 6 ,1 5 9 X o t incl jn
1906.
Inc. or
Dec.
1905.
S
$
%
%
+ 1 9 . 3 ■1,249*628,468 1 ,0 7 8 ,3 9 3 ,5 5 9 + 15.9
+ 1 9 .9
.971,39 3,58 2
85 1,08 1,2 49 + 14.1
+ 36 .0 -384,725.243
2 7 3 4 1 8 4 1 8 + 40.8
+ 18.2
2 0 8 ,0 3 5 ,8 9 9
97 ,8 4 1 ,8 5 8 + 10.4
+ 6 0 .8
1 0 3 4 9 2 ,0 9 4
7 0 ,947 ,95 5 + 45.4
+ 6 6
75 ,83 6 ,4 5 0
72 ,8 5 7 ,2 4 6 + 4.1
+ 19.5
7 0 .381 ,81 2 + 6.6
.75,042,303
+ 18.6
62 ,56 1 ,2 7 9
5 4 ,784 .37 6 + 14.2
+ 11.4
49 ,49 6 ,6 4 4
43,304 ,00 3 + 14.3
+ 13.2
4 7 4 2 4 ,1 2 8
4 0 ,995 ,33 0 + 14.9
+ 84 .6
3 7 ,0 5 8 ,8 6 9
3 0 ,4 2 4 4 0 3 + 21.8
total.
2 5 615 223
total.
9 ,2 5 2 ,5 1 2 .Net incl. in to tal
The clearings for the w eek ending O ct. 27 m ake a very
s a tis fa c to ry com parison w ith the sam e w^eek o f 1905, the in
crease in the aggregate having been 6 3 .1 % .
Week ending October 27.
Clearings aX—
Inc. or
Dec.
C anada—
Montreal _________ Toronto_______ __ _
W inn ip eg................. ..
O tta w a ___________ -!
V an cou ver_______ -|
H a lifa x ___________
Q u eb ec......................
H a m ilto n _________
S t. J o h n ....................
L on d on __________
V ic to r ia __________
Calgary ....................
E d m o n to n _____ _
Total C anada___ -
8
36404,634
26.872,519
15,308,961
3-444,276
3,383,644
1.586,757
2,128,055
1,521,690
1,253,773
1,669,729
881,860
1,491,445
S
.21,451,298
18,006,744
8,091,501
1,959,500
1,734,912
1,654,640
1,231,552
1425,267
826,701
833,095
612,466
N ot mcl. in t
%
+ 71.1
+ 49.2
+ 89.2
+ 60.5
+ 95.0
— 4.1
+ 72.8
+ 3 5 .2
+ 51 .7
+ 28.4
+ 44.0
S
22,683,248
17,585,323
7482,811
1,905,969
1,691,296
1,847,617
1,534,612
1467,517
1,018,270
832,329
661,552
S
21,072,173
14,500.000
6,398,360
1,814,854
1,597,052
1,656,760
1,548,015
966,936
1424.589
778.003
609,743
93.855,898
57,527,676
+ 63.1
58410,544
52,066.485
otal.
N ot incl. in t otal.
1904.
1903.
2 0 4.72 9,2 10
93 .5 $18970,988,205 $165X2,905,7891 8 7 .0
$6 6 5 ,2 4 3 ,1 6 0 9 5 .3
$ 6 98 ,3 23 ,300
97.2
$1 ,0 8 0 ,4 7 7 106.5
$ 1 ,014 ,12 0
110.0
$161,898.3301 9 2 .6
$ 1 74 ,9 11 ,450
91 .2
$ 1 .8 2 9 ,7 1 0 2 4 6 .2
S743.200
200.4
T o ta l.- $22082.944,075 $20660,370,689 9 3 .6 $19845.980,275 $17342.957.4661 87.4
392,583.510) 9 1 .7 c
41 4,42 2,3 75
3 8 5,33 2.2 50
31 7,35 7.5 40 S2.4c
Grain, bu.
$17735*540,976
S20977.72S.229
T ot value
1
The volu m e o f transactions in share properties on the New*
Y ork S tock E xchange each m on th since Jan. 1 in 1906 and
1905 is indicated in the follow in g.
SALES OF STOCKS AT THE NEW Y O R K STOCK EXCHANGE
1905.
1906.
M ’th. Number
°1
Shares.
Par.
Values.
Number
o1
Shares, i
Values.
Actual.
Actual.
Par.
S
$
$
S
Jan,_> 3S.512,548 3,513.808,700 3,333,481,498 20,792,558 1,931454,400 1,374.870,687
2,323.637,850
2,014,562,018
Feb _ 21,699,800 1,968,990,600 1,831,598,764 25,239,088
Mch. 19,467.684 1,729,841,900 1.591,417,290 29.13S.838 ,2,708,955,975 2.178,193456
ls tq r 79,680,032
Apr _ 24,330.919
M ay. 24,026,049
June 20,340,391
7.212,641,200 6,756,497,552 75470,484 6,963,748,225^5,567,625,661
2458,016,950,1,928,749,870 29,298,456 2.789,542,650|2,670,498,467
2,043,050,800;1,879.476,284 20,517,560 1,911,014,550 1,758,624.018
1,744,464.3001,563,947,686 12,576,46911432,492,100; 999,484,627
2d qr 68,697,359 5,945,532,050 5,372,173,840 62,392,485|5,883,049,300j5,428,607,112
6 m’s 148377 391 13158,173,250 12128.671,392 137562 969
July. 16,346,221 1,448,273,600 1,310,479,816 13,273,655
Allg_ 31,804,816 2,847,353,750 2,701,479,62820,205,735
Sep t. 26,018,270 2,159,177,6502,155,974,863 16,012,044
12796,797,525'10996,232,773
1,214,488,750 1,075,487,631
1,836,932,200 1,646,410,478
1,488,401,350 1,335,798,497
3d qr 74,169,307 6,454,805,000 6,167,934,307 49,491.434 4,539,822,200 4,057,696,606
9 m’s222546698 19612,978.250 18296,605,699 187054 403 17336,619,825:15053,929.379
O ct - 21,894,130 1,882,466,875 1,795,498,764 17,674,807 1.634,368,3801,458.976,410
The follow in g com p ila tion covers the clearings b y m onths
since Jan. 1.
M ONTHLY CLEARINGS.
Clearings, Total All
Clearings Outride New York.
Month.
1906.
J a n ___
Feb . .
M ch _ _
1905.
1906.
%
$
$
16,321,500,279 11,848,355,885 + 37.8
12,462,794,035 10,650,663,817 + 17.0
12,993,090.785 12,918.414,969 + 0.6
1905.
S
5,083,299,601
4,138,370,511
4,615,856.596
%
$
4413,631.330 + 23 6
3,532,344,555 + 17.2
4487,006,472 + 10.2
ls t q r . 41,777,385,099 35,417,434,671 + 18.0 13,837,526,708 11,832.982,357
April _ 12,884,433.514 12,735,232,015 + 1.2 4,341497.947 4,054,435,555 ++16.9
7.1
M a y . 13.218,402467 12,059,910,393
+ 9.0 4,425,373.088 4475,862,976 + 6.0
J u n e .. 12,230.933,388 10,815,069,816 + 13.1 4,414,712.521
4,079,759,697 + 8.2
2d qr_ 38,333,769.069 35,610,212,224
1905.
1906.
Aver.
Price,
Actual
Value.
iA ver. Par Value
Pr ice or Quantity.
Actual
Value.
j Val. $21495.445,125 $20092,104,463
HR .bonds $525,096,200; $5 10 .5 4 6 ,2 9 0
S I .63 9.70 0
S I ,803.922
G ov't bds.
S 6 0.33 4.2 501 S 5 5 .056,681
State bds.
S42S.800
$859,333
Bankst’ks
T otal Canada. 3 8 5 ,6 1 3 ,8 6 9 :4 1 3 ,5 6 4 ,2 3 3 + 2 3 .0 3 4 6 3 ,8 9 4 ,9 5 9 2.;684 4 2 9 ,6 0 9 + 17.9
•
Ten Months. 1905.
Ten Months, 1906.
+ 7.6 13481,283,556 12,310,058,228
6 mos. 80,111454,168 71,027,646,895 + 12.8
J u ly . 11,639,986,823 10,866,702,211
+ 7.1
Aug _. 13431,717.908 10.902,728,326 + 20-4
S e p t.. 12,497.458,868 10,885,727,807 + 14.8
+ 7.1
27,018,810,264 24443 040,585 + 11.9
4,383,460,720 4,027,669,650 + 8,S
4.298,516,812 3,921,963.406 + 9.6
4483,626,823 4,026,268,430 + 3 9
3d qr _ 37,269463,599 32,655,158.344 + 14.1 12.865,604,455
11,975,901,495 + 7 .4
9 mos. 117380,317.767 103682,805,239 + 13.2 39,884,414,719
O ct _. 14.528,767,229 12,624,016,403 + 15.1 5484,724,067 36418,942,080 + 10.4
4,598,003,486 + 12.8
The course of bank clearings at leading cities o f the cou n 11Y f01 the m onth o f O ctob er and since January in each o f
the last four years is show n in the su bjoin ed statem ent.
BANK CLEARINGS AT LEADING CITIES.
Clearings b y T elegra p h .— Sales of S tock s, B on ds, & c .—
The su bjoin ed table, coverin g clearings for the current w eek,
ust •.ly appears on the first page of each issue, b u t on accou n t
o ;iio length o f the other tables is crow d ed out once a m onth,
ih e figures are received b y telegraph from the leading cities.
It w ill be observed that, as com pared w ith the corresponding
w eek o f 1905 there is an increase in the aggregate o f 0 .1 % .
So far as the individual cities are concerned, N ew Y ork e x
hibits a loss o f 3 .1 % and B oston 1 .3 % . P hiladelphia records
a gain o f 3 .5 % , Baltim ore 1 .0 % , Chicago 3 .4 % , New Orleans
2 3 .9 % and St. Louis 9 .9 % .
Clearings—Returns by Telegraph.
Week ending November 3 1906.
j
New Y o r k ................................................
B o sto n ........................................................
P h ila d elp h ia ................................................
B altim ore..................................................
C h ica g o ..........................................................
St. L o u is ............................................................
New Orleans.....................................................
Seven cities, 5 days__________________
Other cities, 5 d ays......................................
Total all cl ties, 5 d a y s...............................
All cities, I d ay .................................................
Total all cities for w eek_____________
1906.
j Per
1905.
Cent.
$1,601,701,545
146.279,509
132,410,896
25.362.734
188,267.922
50,614.411
16,954.292
$1,653,435,074
—3.1
148,234.077 I — 1.3
127.964,252
+ 3.5
+ 1.0
25404.048
182,020.255
+ 3.4
46.045,582
+9.9
13,680.073 1 +23.9
S2.161.591,309
407.974.287
$2496.483.361 I — 1.6
386.407.494
+ 5.6
$2,569,565,596
569.274.311
$2..582,890.855
—0.5
fiM AfiQ Q9A 1 MOO
$3,138,839,907
$3436,380,780
+0.1
-October-
(000,0005
omitted )
1906.
S
- - 9,344
Chicago
-- 1,000
-795
-693
-271
-227
-207
-131
-116
-133
Cleveland .
80
-109
-119
Louisville...........
57
D e tro it________
M ilwaukee.........
48
Providence.........
38
O m a h a ...............
49
B u ffa lo...............
37
St. P au l-.............
42
rndlanapolis ___
32
D en v er................
31
Richmond...........
27
Memphis ............ .
Hartford ............ .
Seattle..................
26
1905.
$
8,026
916
689
626
249
224
168
124
108
117
70
73
111
51
55
39
40
41
33
36
32
32
22
30
33
13
20
1904.
S
7,477
812
594
543
255
189
141
108
99
101
01
81
102
47
46
36
36
30
29
31
29
21
21
29
23
12
14
-J a n . l to Oct. 3 1 -
1903.
1906.
5,233
825
588
490
227
195
142
119
95
119
68
78
86
43
46
38
34
37
29
31
27
22
18
23
21
11
13
86,840
9,064
6.862
6,365
2.434
2,194
1,577
1,187
1.08S
l.OSO
CSS
796
783
542
540
403
323
416
325
333
297
280
249
192
400
151
224
1905.
1904. ]
8
2s
r-
75,590 51,811 c
8,248
7.3131
6,261
5.328
5.673
4,600
2.378
2,269
2,066
1,663
1.497
1,252 • [
1,038
902 l
993SIT 1,013
Total ...........
Other cities___
-13,761 11.978 10,973
7Ox
642
554
8.6581 125.633
6.276
518
15,403
P4.648
Total all___
-14.529 12.620 11.527
5485 4,594 4.050
9.176 131.9091
3,943
40.688
87.280
35.469
91.802
35.937
g074
IMPORTS A N D EXPORTS OF GOLD A N D SILVER AT
S A N FRANCISCO.
Through the courtesy o f the Collector o f Customs at San
Francisco, we have received this week the details o f im ports
and exports of gold and silver through that p ort for the
m onth of Septem ber, and th ey are given below in con ju n c
tion with the; figures for preceding m onths, thus com pleting
the results for the nine m onths o f the year 1906. The im
ports of gold were o f small v olu m e, reaching on ly $149,725,
o f which $1,780 was in coin. Of silver there came in $281,624, m ainly bullion and silver in ore. During the nine
m onths there was received a total of $7,954,752 g old and
$1,980,446 silver, w hich com pares with $1,680,611 gold and
$1,969,668 silver in 1905. The shipm ents of gold during
Septem ber were extrem ely light, reaching on ly $5,560, of
w hich $8,460 coin, and the exports o f silver were $172,450,
of w hich $116,000 was bu llion . F or the nine m onths the
exports o f gold reached $5,860,959, against $1,692,175 in
1905, and $2,617,356 silver was sent o u t, against $5,024,613
in 1905. The exh ibit for Septem ber and for the nine m on th s
is as follow s:
IM P O R T S OF G O L D A N D S IL V E R A T S A N F R A N C IS C O .
S ilver.
Gold.
M o n th s.
C oin .
1906.
$
4,025
J a n u a r y ____
150
F e b r u a r y ___
M a r c h _______
A p r i l ________
M ay
______ 1,509,640
6,230
June
_
July _
4,18
7
,0 9 0
A u g u s t ___
1,780
September - -
B u llion .
T otal.
$
%
173,343
177,368
236,314
230,164
333,279
333,279
105,675
105,675
196,450 1 ,706,090
241,503
235,273
409,271
409,271
408,437 4 ,595,527
147,945
149,725
T otal, 9 m os- 5,70 8 ,9 1 5 2 ,2 4 5 3 3 7 7 ,9 5 4 ,7 5 2
C oin .
$
16,700
26,303
B u llio n .
$
207,117
222,550
275.848
94,398
141,397
210,253
174,189
356,370
255,321
T ota l.
%
223,817
222,550
275,848
94,398
141,397
210,253
174,189
356,370
281,624
43,003 1 ,9 3 7 ,4 4 3 1,98 0 ,4 4 6
E X P O R T S O F G O L D A N D S IL V E R F R O M S A N F R A N C IS C O .
S ilver.
Gold.
M o n th s.
C oin .
1906.
January ____
F e b r u a r y ___
M a r c h _______
April
_
M a y ___
June
___
J u l y ____ __
A u g u s t ______
September . .
T otal, 9 m os.
[Y ol .
THE CHRONICLE.
?
1,045
1,285
320
850
3,000
1,055
3,460
B u llion .
T otal.
$
1,045
2,50 2 ,7 8 7 2 ,504,072
2 ,8 4 5 ,0 7 7 2 ,8 4 5 ,0 7 7
320
850
3,000
1,055
$
2,080
5,5 4 0
11,015 5 ,3 4 9 ,9 4 4 5,36 0 ,9 5 9
C oin .
$
1,759
2,630
843
1,901
5,417
3,228
1,315
56,4 5 0
B u llio n .
T otal.
$
2 89,700
267,520
717 ,5 8 7
254,084
65,820
413,340
419,762
$
291,459
270,150
717,587
254,927
67,721
418,757
4 22,990
1,315
172.450
116,000
7 3 ,543 2 ,5 4 3 ,8 1 3 2 ,6 1 7 ,3 5 6
pfcmetctrui (£oramcrciaX^iigl islt IXcxus
(From our own Correspondent.)
London, Saturday, October 20, 1906.
The fall in New Y ork exchange upon L on d on , together
with the rise in the value of call m on ey in New Y o rk , has re
vived the fear in L on d on that A m erican withdrawals of gold
from the B ank of England were likely to be resumed and
yesterday (F riday) the Bank pu t up its rate to 6 per cent,
after having m ade no change at the regular tim e for such
action the d ay before. The influence o f the fear o f further
A m erican withdrawals o f gold has been m uch increased b y
an unfavorable feeling in France. In the first place, the con
dition o f M orocco is excitin g apprehension. I t is h oped that
during the Feast o f R am adan, w hich is now abou t to begin ,
the tribes will be quiet. B ut the feast, it is feared, on the
other hand, will be used b y fanatics to stir up the religious
feeling of the tribes against the French. T herefore, there is
a g ood deal of apprehension in Paris th at an attack b y the
tribes is alm ost im m inent.
The arrival of the German A m bassador at Fez has increased
the fear. R ig h tly or w ron gly, the im pression is general in
France th at the German G overnm ent is at the b o tto m of the
unrest in M orocco and is preparing trouble for France.
P robably this im pression o f the French people has been,
greatly heightened b y the p u blication of the mem oirs of
Prince H ohenlohe in w hich it is stated that Prince Bismark
was in fav or of letting France go to M orocco since b y so doing
she w ould engage herself so com p letely in A frica that she
w ould be unable to act effectively in E urope.
The uneasiness in France has been increased b y the ex
pectation that the Prime Minister is about to resign. His
health is bad , and his d octors, it is said, have to ld him that
absolute rest is indispensable. On the other hand, a m uch
m ore favorable view respecting Russia is now taken in
France, and in the beginning o f the week there was a distinct
advance in Russian securities. The scare about- M orocco and
a financial failure in Turin caused a decline on Thursday.
B ut upon the whole the viewr taken w ith regard to Russia
l x x x i ii .
is now very m uch m ore favorable than it was a little while
ago.
In G erm any, trade continues exceedin gly a ctive, but m on
ey is in very strong dem and. Notes are returning from cir
culation m uch more slow ly than had been anticipated. For
the week ended O ctober 15 not m uch more than 5)^ millions
sterling so returned, so that in the m iddle of O ctober the
Bank had still to pay the d u ty of 5 per cent upon llh £ m il
lions sterling o f notes. P robably during the present week
the return of notes will be larger, but it is n ot exp ected that
even at the end o f the third week the whole of the notes in
excess of the legal m axim um will have returned. M oreover,
the stock o f gold held b y the Im perial B ank is very small and
is not increasing. Business, therefore, remains slack and
probably will continue so to the end o f the year. Lastly,
the fear o f a great m ining strike continues
The miners de
mand an increase o f wages of 15 per cen t, w hich up to now
em ployers have resisted. The im pression, h ow ever, is strong
that the em ployers cannot allow a strike, so active is the
dem and for coal at present.
Quite u nexp ectedly, on F riday, the directors of the Bank
o f England pu t up the rate o f discount from 5 per cent to 6
per cent. T hey had m et in the ordinary course on the p re
vious day and had done n othing. C onsequently, the City
was quite unprepared for the action o f F riday. It is gener
ally understood that inform ation has reached the directors
that a large am ount o f gold will be w ithdraw n from the Bank
im m ediately, and, furtherm ore, that arrangements were
about to be m ade with banks and accepting houses which
would enable all the g old offered in the open m arket to be
bou ght for New Y ork . Under these circum stances, the
Bank of E ngland was driven to take vigorous measures in
defence of its reserve. The reserve, according to the return
published on Thursday, was under 19 m illions sterling. It
is reasonably certain that betw een now and the end o f the year
another three m illions sterling in gold will be withdrawn
from the Bank for internal circulation, as well as for E g y p t,
T urkey, A rgentine, and possibly Brazil. T hat w ould bring
the reserve to under 16 m illions, w hich w ould be entirely in
adequate and w ould cause grave uneasiness ip the city . If
the Am erican dem and ceased, the Bank w ould have g ood
grounds for hopin g that it w ould obtain m ost o f the gold
offering in the open m arket, w hich w ould enable it to m eet all
other demands and to strengthen its reserve. But if the
Am erican demands should con tin u e, it is possible the Bank
m ight be able to get no fresh gold . H ence the prom pt action
o f the directors.
The India Council offered for tender on W ednesday 80 lacs
o f drafts and the applications am ounted to 310 lacs at prices
ranging from Is. 4 l-3 2 d . to Is. 4 1-16 d per rupee. A p p li
cants for bills at Is. 4 l-3 2 d . and for telegraphic transfers at
Is. 4 1-16 d. per rupee were allotted abou t 25 per cent of the
am ounts applied for.
The follow ing return shows the position of the B ank of
E ngland, the Bank rate of discount, the price o f consols, & c .,
com pared with the last four years:
1906.
Oct. 17.
1905.
Oct. 18.
1904.
Oct. 19.
1903.
Oct. 21-
1902.
Oct. 22.
£
£
£
£
£
Circulation . — 28,763,050 29,940,345 27.979,550 28.544,450 29,363,960
9.481,031
7,612,795
7,129,806 10,575,1S3
Public deposits----- 7,591,427
Other deposits____ 42,389.199 40.561,971 40.613,779 42,911,939 39.221.113
Governm’ t securities 15,966.166 16,657,729 14,812,849 19,999,056 16.416.132
Other securities___ 33,020,319 29,546,324 23.888,954 25,355,824 28.377.390
Reserve .notes &coin 18,861,960 21,672,620 27,323,565 22,531,820 22.867.725
Coin&bull .bothdep 29,175.010 32,162,965 36,853.115 32,090,614 34,056,685
Prop, reserve to lia—
56%
44%
bilities-. — p. c.
37%
43%
4
3
4
4
Bank rate____ p. c.
5
8814
SS%
88%
93
3-16
Consols. 214. P- c —
86%
26%d.
28 5-16d.
23 5-16d.
Silver ___________
32 5-16d. 28 ll-16d.
Clear-house returns 267,S80,000 270,692,000 226.552,000 206,282,000 170.278,000
The rates for m on ey have been as follow s:
Oct. 19.
6
Bank of England rate----- --Oven Market rate—
5M
Bank bills— 3 months----— 4 months----5?4
— 6 months___ 5% @ aH
6
Trade bills— 3 months----— 4 months----6
Inlnest allowed p r deposits—
By joint-stock banks------4
Bv discount houses:
4%
At call
-------------------4%
7 to 14 days-------------------
Oct. 5.
4
Oct. 12.
5
4y2 @4%
4% @4%
4% @4 %
4% @ 4%
4%
4%
3%
2%
2%
3%
3%
3
3
3%
4 9-16
m
Sept. 28.
4
m ys
4% @4%
5
5
4%
4%
4Vs
4%
3%
The Bank rates of discount and open m arket rates at the
chief Continental cities have been as follow s:
Oct. 13Oct. 20.
Open
Bank
Open Bank
Rates o1
Rate. Market. Rate. Market.
Interest at—
3
2%
2%
P a r is ........ ............... -- 33
. 6
4%
6
4%
Berlin_________
6
4%
4%
Hamburg-----------------. 6
4 15-16
6
4%
F rankfort---------------. 6
5
4%
. 5
4%
Amsterdam —
3%
3%
3%
3%
Brussels -----------------. 314
4%
4%
4 lA 4 7-16
V ien n a_________—
414
. 7% nom.
7% nom.
St. Petersburg 4
4%
4%
4
M ad rid ____________ - 414
6
5
. 6
5%
Copenhagen —
Sept. 29.
Oct. 6.
Open
Bank
Open Bank
Rate. Market. Rale. Market
2 15-16
3
3
2%
4%
5
4%
5
5
5
4%
4%
4 9-16
5
5
4%
4%
4%
4%
4%
3%
3%
3%
3%
4
4%
4%
4%
7% nom.
7% nom.
4
4%
4
4%
5
5
4%
4%
Nov. 3 1906.J
THE CHRONICLE
Messrs. Pixie y & Abell write as follows under date of
October IS:
1075
8.391—
The Texlco National Bank, T exlco, New Mexico. Capital, $30,000.
W. O. Oldham, President; S. E. W ooding, Vice-President; B. D.
Oldham, Cashier.
GOLD.— The Bank of England was successful in buying the greater part of tills 8.392— The Farmers’ National Bank of Gonzales, Texas. Capital, $50,000.
Thos. B. Palfrey, Presklent; J. 1*. Randle and C. T. Rather
week's arrival of bar gold, the New York demand having slackened. During the
Vice-Presidents; J. S. Douglass, Cashier.
week the Bank has lost £ i.047.000. of which £1.010.000 was for Egypt. Against
this. £921.000 has been received, of which £459,000 is in bars, and £250,000 is set 8,393 - -The Union National Bank of Mount Carmel, Pennsylvania. Capi
tal, $125,000. Thos. \I. Rlghter, President; Davkl Camp, Vicefree on Egyptian account. Next week£ 3 2 1.000 is duo from South Africa. Arrivals
President; Geo. E. Berner. Cashier.
-South Africa. £560.000: Straits £210.000: Australia. £25,000: Hra. il, £22.000;
Bombay, £61.000; West Indies. £21.000: total. £905.000. Shipment
Bombay, 8,391— The Closter National Bank, Closter, New Jersey. Capital, $25,000.
Matt. J. Bogert, President; David I). .Ackerman, Vice-President;
£117.500: Madras, £2.300; total. £ 120.000.
William Tate, Cashier.
SILVER.—The market has been much firmer this week, partly on a French Mint i 8.395— The Hope National Bank, Hope, North Dakota. Capital, $50,000.
order for 25.000 kilos and partly on rumors of large requirements for the United
John E. Lasham. President; C. S. Moores, Vice-President; Geo.
States end Mexican Mints, the price has risen to 52 sd. and wo close steady at that
A. Warner. Cashier: Jno. D. Foley, Assistant Cashier.
rate. Forward has fluctuated between 4 d . and 3-1 (id under ea a. Last price in 8.390— The First National Bank of Barnard, Kansas. Capital, $25,000.
India Ks. S2. Arrivals— New York. £ 1S3.000: West Indies. £10,000: i dal. £193.M. vS. Atw ood, President; J. E. W llfong, Vice-President; l<\ F.
000 Shipments —Bombay. £221.000: Sydney (coin). £37,000; total. £ 25S. )00.
Bracken, Cashier: Conversion of the Bank of Barnard.
MEXICAN DOLLARS.—There have been several transactions In dollars at. 15-10d 8.397— The First National Bank o f Melrose, New M exico. Capital.
under the price of silver. Arrivals —Nil. Shipments—Bombay, £79,000.
$25,000. R. C. Reid, President; A. J. Matheny, Vice-President;
M. E. W hipple, Cashier.
8.398— 'T he Peeksklll National Bank, Peoksklll. New York. Capital,
$100,000. B. Relnecke, President; N. IT. Stabb, Vice-President;
S IL V E R .
Oct. is . Oct. 1 1 . l
Oct. IS. Oct,. 11
GOLD.
Jno. Towart, Jr., Cashier.
s. d. ! London Standard.
d.
Loud m Standard.
s. d.
d.
8.399— The National Bank of Commerce o f W ellington, Kansas. Capital,
B ar g o ld . line, o z _____ 77 1 0 4 17 10 4 B a r silver, flue, o z ___ - 0 -2 / ij
31,4
$50,000. Geo. W. Robinson, President; E. B. Roser, Vice76 5 4 1 “ 2 m o . d e liv e r y , oz. .32 3-16
U. S. g o ld , o a ------------- 76 5 4
3 1 13-16
President; Chas. P. Haugen, Cashier; Amos A . Belsley, Assistant
G erm an gold c o in , 02
76 5 1s 76 5 4 , Cake silver, oz - ______.34 15-16 3 4 4
Cashier. .
F ren ch gold c o in . 0 2 ___ 76 5 1$ 76 5 4 1Mexican d o lla r s _____ -110m.
n om .
5 .400— The First National Bank of Marquette, Nebraska. Capital,
76 5.4 1
Japanese y e n , o z _____ 76 5 4
$25,000. W . I. Farley, President; C. A . Phillips, Vice-President:
A. W . Hickman, Cashier.
T h e f o l l o w i n g s h o w s t h e i m p o r t s o f c e r e a l p r o d u c e i n t o 5.401— The
First National Bank of Edgewater, New Jersey. Capital, $25,000. John Elsele, President; Daniel A . Higgins, Vice-President;
S. L. Doremus, Cashier.
5 .402— The Citizens’ National Bank of St. Jo, Texas. Capital, $25,000.
IMPORTS.
Jas. R. W iley, President; A . U Perryman, Vice-President; L . A.
Dowlen, Cashier.
S ev en w eek s.
1906-07.
1905-06.
1904-05
1903-04.
Imports of wheat, cwt.................-.12,555,900
13,317.500 14,209.200 13,030.609 8.403— First National Bank of Santa Crnz, California. Capital, $100,000.
F. D. Baldwin. President; F . A . Hihn, Vice-President; T . G.
Barley ..........................
4.1S7.700
4.776,100
4.599,600 6,648,061
McCreary, Cashier; Ed. Daubenbls, Assistant Cashier. Conver
Oats-_____ _____________
1.625.500
1,931,800
1.S66.000 1,704,367
sion of the City Bank of Santa Cruz.
Peas_____________
363.700
413,4S5
300,17S
469,819
B eans..................................
224,540
198.400
318.721
456,1SS
Indian corn_______________
7.465,400
S.0S7.100
6,708,900 8,682,30
Flour _______________
2,218,400
1,810,600
1.512,600 3,150,798
The quotations for bullion arc reported as follows:
the United Kingdom during the season to date compared
with previous seasons:
DIVIDENDS.
Supplies available for consumption (exclusive of stock We have changed the method of making up our weekly
on September 1):
list of dividends. Heretofore our record has included only
ra
1906-07.
1905-06.
1904-05.
1903-04.
the dividends announced each week, but for the convenience
Wheat imported, cwt____________ 12.555,900 13,317,500 14,269,200 13,030,609
Imports of flour............................... 2,218,400
1,810.600
1,512,600 3,150,798 of our readers we now enlarge the scope of the compilation
Sales of home-grown--------------------- 4,S92,502
6,153,247
2,553,890 2,917,677 so as to show also dividends previously declared, but the
In the new
Total .........................................19,666.802 21,281,347 18,335,690 19,099,084 date of payment of which has not yet arrived.
Average price wheat, week_______ 26s. 3d.
26s. lid .
30s. 5d.
25s. Sd.
form
the
statement
indicates
all
the
dividends
announced
Average price, season___________
26s. 2d.
27s. Id.
30s. Od.
27s. lid .
for the future by all large or important corporations.
The following shows the quantities of wheat, flour and D iv id e n d s a n n o u n ce d th is w eek a re p r in te d in i t a li c s .
maize afloat to the United Kingdom:
T h is w eek .
W heat..................
qrs. 1,374,000
Flour, equal to......................... qrs.
216,000
Maize --------------------------------qrs.
675,000
L a s t w eek .
1,219,000
201,000
760,000
1905-06.
1,025.000
235,000
660,000
1904-05.
2,635,000
175,000
1,355,002
English Financial Markets—Per Cable.
The daily closing quotations for securities, & c . , at London
as-reported by cable have been as follows the past week:
L ondon,
W ee k e n d in g N o v . 2.
S a t.
M on.
Silver, peror------------------ d . 32 9-16
Consols, new, 2 4 percents.. 86
For account...... ................. 8 6 4
French Rentes (in Par.)-_fr_ 96.00
Russian Imperial 4s________ 74 4
Amalgamated Copper Co___ 1134
b Anaconda Mining Co__ __ _ 134
Atchison Topeka & Santa Fel04
Preferred
___________ 104
Baltimore & Ohio
_ _ __ 1224
Preferred . - ____ ______ 9 5 4
Canadian Pacific , . _ ___ 1804
Chesapeake 6c Ohio _____
59
Chicago Great- Western__ __ 18
Chicago Milwaukee <feSt. P_ - 176
Denver & Rio Grande, com. - 41
Preferred .......................... 874
Erie, common-, _______
4 44
1st preferred .................. 78
2d preferred__ ________ 69
Illinois Central__________ _ 1784
Louisville
Nashville_____ 147
Mexican Central__ ________ 214
Missouri Kansas & Tex., com . 3 4 4
Preferred . _
_ ____ - 7 0 4
National RR. of M exico___ . 0 0
N. Y. Cent. & Hud. River__ 1314
N. Y. Ontario 6c Western__ - 464
Norfolk V Western, common 97
Preferred _________ ___ ■ 9 3 4
Northern Pacific.......... ..........2154
Pennsylvania____________ . 72
a Reading C o ........ .............. - 724
a First preferred________
46 4
a Second preferred______ - 494
Rock Island Co.... ................ • 2 7 4
Southern Pacific__________ . 9 4 4
Southern Rv. common........ .- 3 4 4
Preferred ...................... . 98
Union Pacific, common____ -1574
Preferred .... ....................- 9 5 4
U. S. Steel Corooration, com . 484
Preferred ______________ .1094
Wabash _____ ___________ . 20
Preferred ______________ ■ 4 5 4
DebentureB’S-__________ 83
a
Price per share,
b
£ster!lng.
c
32 9-16
86 1-16
864
95.SO
74
1144
14
1044
104
1234
954
1814
594
18
1774
414
874
454
784
69
1784 •
1484
23
344
704
57
132
47
97
934
217
724
73
464
494
28
944
34 4
98
1-884
954
494
1094
20
454
844
T u es.
32 7-16
86
cS6 7-16
95.70
744
1144
134
1044
104
1234
954
181
604
18
1764
414
874
454
784
694
1784
1474
23
35
704
57
132
474
97
934
2174
734
724
4 64
49 4
284
9 44
354
98
1874
954
49
1094
20
4 54
84 4
W ed .
T h u rs.
32 7-16 32 9-16
85 15-16
864
95.95
76
1134 .
134
1044
1034
0
1224
954
<
181
Q
594
18
m
H
1764
5
41
874
<1
CO
45
iJ
78 4
J
694
179
1474
Q
25
a
m
35
O
704
O
5 64
132
46 4
O
£
964
<
934
217
0
734
724
464
►
H
494
0
284
944
35
w
98
1874
95
484
1094
20
454
834
F r i.
32 11-16
86 1-16
864
95.624
77
1134
134
1044
1034
1224
954
1804
564
18
1764
404
874
454
784
694
178
1474
24
35
704
57
1314
464
9 64
934
218
744
734
464
4 94
284
9 44
35
974
1884
95
484
1094
194.
44
83
For December account.
Commercial and iKtsceUuncoixsJlcxus
National Banks.—The following information regarding
national banks is from the Treasury Department:
A P P L IC A T IO N S TO C O N V E R T INTO N A TIO N A L B A N K S
APPROVED.
Bank o ' Poplarvllle, Mississippi, Into the “ National Bank of Poplarvllle."
Capital. $50,000.
The Scandinavian American Savings Bank, San Francisco, California,
into “ The Merchants National Bank of San F rancisco." Capital, $300,000.
N A T IO N A L BAN K S O R G A N IZE D .
8 to O c t o b e r 13, I n c l u s i v e . )
8,390.— The First National Bank of Guttenburg, New Jersey. (P. O.
Station No. 2, Weehawken, New Jersey.) Capital. $50,000.
James F. Mlnturn, President: O. M. Nllson, Vice-President:
**
Edward Hunke. Cashier; Frank J. Adeiberg, Assistant Cashier. *•,
( C e r t i f i c a t e s I s s u e d f r o m O c to b e r
N am e o f C om pany.
P er
C en t.
Railroads (Steam).
Atchison Top & Santa Fe, com. (No. 12) 2 4
A tla n tic C oa st L i n e R R . . p r e f ................
24
C h esa p ea k e & O h io (a n n u a l )- _ __ __ _
1
C lev e. & P i t t s . , o r ip . g u a r, ( g u a r .) ____
IK
1
S p e cia l g u a r, ( g u a r .) ____ ________
G eorgia S ou th ern & F lo r id a , Isf p r e f ___
24
Second, v re fe rr ed
________________
24
2
Missouri Kansas & Texas, preferred----Norfolk & Western, common__________
24
P e n n sy lv a n ia _ ___
_______________
34
2
Reading, second preferred____ __
Rome Watertown & Ogd’g, guar, (quar.)
14
S t r e e t Railways.
C o n e y Is la n d & B r o o k ly n ( q u a r . ) - ___
2
R o ch ester R y . & L i g h t ., p r e f. (q u a r .) __
14
Tampa (Florida) Electric Co __
$5
Twin City R.T., Minneap.. com. (quar.)
14
U n io n S treet (N e w B ed fo rd ) (q u a r .) ___
2
W a sh in g to n ( D . C .) R y .
E le ctr ic, p r e f .
24
Trust Companies.
Broadway__ _______ _________ _______
3
Miscellaneous.
Amalgamated Copper _____ __________
14
Extra............................. .......................
4
American Chicle, com. (monthly)_____
1
Common, extra____ ____ ________
1
American District Telegraph of N. Y __
1
A m e r ic a n G lu e, c o m ____________ _
2
Amer. Graphophone, pref. (qu.) (No.46)
14
American Ice (old company), preferred- C9
A m e r ic a n I c e S ecu rities (q u a r.)
14
American Locomotive, com. (quar.)----14
A m e r ic a n R a d ia to r , com m o n (q u a r .). _ __
1
. __
P r eferred (q u a r .) _ _____ _
14
American Writing Paper, preferred.
1
British Columbia Packers’ Ass’ n, pref-.
7
Casein Co., pref. (quar.) (No. 26)_____
2
C e n tu r y R e a l t y ______________ _______
4
______ ________
E x tr a _ . _____
1
Consolidated Gas of N. Y. (quar.)
1
E a stm a n K o d a k o f N . J . , co m . e x tr a __
5
Greene Cons. Copper (bi-mthly) (No. 20)
4
Inter. Smokeless Powder & Chem., pref_
4
In tern a tio n a l S a il (q u a r .). ____
l
2
Knickerbocker Ice, common_____
__
Common, extra___________ ________
2
Preferred _
_______ ________ _ 3
Montreal Light Heat 6c Power (quar.)-14
N a tio n a l C a r b o n , p rof, (q u a r .) __
___
14
New England Tel. & T eleg. (quar.)____
14
N orth A m e r ic a n C o . (q u a r .)
14
People's Gets L ig h t <& C o k e ( q u a r .) ____ .
14
Pressed Steel Car. pref. (quar.) (No. 31)
14
Procter & Gamble , common (quar.).3
Pullman Co. (quar.) (No. 159)________
2
United Bank Note Corporation, common
1
United C ig a r M a n u fa c tu r er s,p r ef. (q u a r .)
14
United Copper, preferred________ - 3
U.S.Cast Iron P.&Fdv.,com.(qu.)(No.5)
1
Preferred (auar.) (No. 24 ( __________
14
2
United States Express (No. 1.46)............
U . S . S teel C o r p ., com . (quar.) (No. 12).
4
Preferred (quar.) ( N o , 22)__ _____
14
2
Warwick Iron 6c Steel................... .........
W hen
P a y a b le .
B o o k s C losed .
D a y s I n c lu s iv e .
1 Nov. 3
to
Dec. 2
10 N o v . 1
to
N o v . 10
30 H o ld ers o f rec . N o v . 7
1 H o ld ers o f rec. N o v . 10
1 H old ers o f rec . N o v . 10
to
N o v . 14
15 N o v . 4
to
N o v . 14
15 N o v . 4
Nov. 10 Oct. 21
to
Nov. 9
Dec. 21 Holders of rec. Dec. 5
N o v . 30 H o ld ers o f r e c . N o v .
5
Nov. 10 Holders of rec. Oct. 23
Nov. 15 Nov. 1
to
Nov. 15
Dec.
N ov.
N ov.
D ec.
D ec.
N ov.
N ov.
N ov.
D ec.
Nov.
Nov.
N ov.
D ec.
Nov.
Nov.
Nov.
Nov.
Nov.
NOv.
N ov.
Nov.
Dec.
Jan.
Nov.
D ec.
N ov.
April
Nov.
Nov.
O ct.
O ct.
Dec.
D ec.
Nov.
[Nov.
D ec.
N ov.
Nov.
.Tan.
Nov.
N ov.
Nov.
D ec.
N ov.
Nov.
Nov.
Nov.
Nov.
a Transfer books not closed,
b April 1 1907.
accumulations since April 1902.
D ec.
Nov.
1
Dec.
Nov.
Dec.
N ov.
Nov.
c
to
N ov.
1 O ct. 27
1
1
N ov. 20.
15 Nov. 1
to
Nov. 15
15 Holders of rec. Oct. 31
1 H o ld er s o f r e c . O ct. 11
to
__
1 N o v . 21
5 Oct. 25
to
to
26 Oct. 26
to
26 Oct. 26
20 Nov. 15
to
to
20 Nov. 15
to
15 Nov. 6
to
1 O ct. 27
15 Holders of rec.
15 Dec. 11
to
to
1 D e c . 16
to
26 Nov. 10
to
31 D ec . 23
to
15 N o v . 9
lb Holders of rec.
to
20 Nov. 10
10 Nov. 1
to
31 H o ld ers o f rec .
31 H o ld ers o f rec.
to
15 Nov. 27
to
1 N ov. 1
to
30 Nov. 16
15 Holders of rec.
to
1 N o v . 16
to
15 Nov. 1
to
15 Nov. 1
to
3 Dec. 22
15 Holders of rec.
to
15 N o v . 6
to
15 Nov. 1
1
to
26 N o v . 14
28 Nov. 8
to
15 Holders of rec.
15 Holders of rec.
to
15 Nov. 2
to
1 N o v . 21
to
15 Nov. 6
to
1 Nov. 1l
to
1 Nov. 11
to
15 Nov. 1
to
31 Dec. 9
to
30 N o v . 8
to
15 Nov. J
Nov.
5
Nov.
Nov.
Nov.
Nov.
Nov.
11
11
20
20
15
N ov.
2
Nov. 1
Dec. 16
Jan.
2
Nov. 25
D e c , 31
N o v . 15
Mch.lSa
Nov, 20
Nov. 9
O c t , 30
O ct. 30
Dec. 16
N o v . 15
Nov. 30
Oct. 31
D ec.
2
Nov. 10
Nov. 10
Jan. 2
Oct. 31
N o v . 15
Nov. 14
26
Nov. 27
Oct.31a
Oct. 31
Nov. 15
Dec. 3
Nov. 15
Nov. 30
Nov. 30
Nov. 15
Jan.
1
Nov. 30
Nov. 15
N ov.
Representing part of dividend
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
S to ck s.
5 Owl Commercial C o., pref. 100
30W oodhou.se, Bopp & C o..l
pref _____ .
......... - [$ 1 5 5 0
30 W oodhouse, Bopp 8: C o .. 1
fe.’
common .........
J
I
110
110
41
I
J10
S to ck s.
Corn Exch. B k.. new s to r k .314
Equitable Trust Co. o f N . V. 4 5 0 4
Big Muddy Coal & Iron C o., *
nref
50
Williamsburg Trust Co.
220
[ V'OL. LXXXIII,
THE CHRONICLE
1076
New Y ork City, Boston and Philadelphia B an k s. —Below is
a
summary
of the weekly returns of the Clearing-House banks
The following statement shows the condition of the New
of
New
York
Boston and Philadelphia. The New York
York City Clearing-House banks for the week ending Oct. 27. figures do notCity,
include
results for non-member banks:
It should be distinctly understood that as to all items
except capital and surplus the figures are the averages
of the daily results, not the totals at the end of the week.
In other words, in reporting loans and deposits and holdings
of specie and legal tenders, the practice is to take the aggre
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
Statement of New Y ork City Clearing-House B an k s.—
W e o m it two ciphers (0 0 ) in a ll these figu res.
C apital
and
S u r p lu s.
B a n k s.
W e o m it two cip h ers (0 0 ) in all cojcs.
C ap ita l.
B a n k s.
S u r p lu s .
L o a n s.
S p e c ie .
L eg a ls.
D e p o sits,
00s om itted.
s' rve
$
Bank o f N. Y_ 2,000,0
2,050,0
Manhattan Co _
M erch an ts'____
2,000,0
Mechanics’ ____
3,000,0
A m e r ic a ______
1,500,0
P h e n i x _______
1,000,0
City ______ _. 25,000,0 ,
Chemical __ _
300,0
600,0
Merchants’ Ex_
G allatin_______
i,o o o .o
300,0
Butch. & D rov .
700,0
Mech.tfc Traders'
G re e n w ich ____
500,0
Amer. E x ch __
5,000.0
C o m m e r c e .___ 25,000,0
3,000,0
M erca n tile ____
Pacific _______
500,0
C h a t h a m _____
450,0
200,0
People’s ______
North America..
2,000,0
3,000,0
H anover _ ___
Irving
. ._
1,000,0
2,550,0
Citizens’ Central
500.0
Nassau
_____
Market cfcFult’ n
1,000,0
2,000,0
Metropolitan
CornExchange.
3,000,0
Oriental _ ____
750,0
Im p. & Traders
1,500,0
P a r k __________
3,000,0
East R i v e r ____
250,0
Fourth _ _ _ _ _
3,000,0
300.0
Second ___F i r s t __________ 10,000,0
N. Y . Nat. Ex_
1,000,0
Bowery
_____
250,0
N* Y . C o u n ty ..
200,0
German-Amer _
750,0
Chnse__________
1,000,0
Fifth A venue. _
100,0
German E xch . _
200,0
G erm ania_____
200,0
L in c o ln __ ____
300,0
Garfield _____
1,000,0
F if t h __________
250,0
1.000,0
M e tro p o lis ____
W est Side_____
200,0
Seaboard__ __
1,000,0
1st N a t., Bklyn.
300,0
L ib e r ty _______
1,000,0
N. Y . Prod. Ex.
1,000,0
New Am ster___
1,000,0
A s t o r _________
350,0
S t a t e __________
100,0
Total
a R e
%
$
S
17,615,0
2,692,0
2,806,4
22,379,0
4,661,0
2,742,8
2,686,4
12,117.0
1,462,6
19,364,0
3,529,0
3,541,1
3.758,2
21,245,9
3,905,7
1,380,0
6,853,0
337,9
20,681,9 153,050,5 27,911,5
5,369,4
25,068,3
7,848,9
1,305,9
6,297,9
443,9
1,039,8
2,369,0
8,353,8
523,2
154,2
2,453,2
972.0
388,3
6,823,0
1,058,9
5,186,4
634,6
3,721,2
27.360,9
4,812.8
13,581,9 135,706,3 19.640,2
3,346,9
21,552,6
4,648,7
759,2
3,222,3
309,7
1,023,2
614,4
5,588,3
2,317,0
210,6
459,1
2,101,9
15,177,0
2,640,5
52,212,2 11,004,0
7,712,2
1.105,7
8,005,0
1,517,3
3,370,8
784,3
19.333,1
345,2
263,6
3,322,5
1,473,0
7,419,0
1,331,0
3,316,3
718,0
12.718,5
36,831,0
6,941,0
4,525,5
1,158,9
10,199,5
1,848,5
24.707,7
4,066,0
6,872,8
69,921,0 16,986,0
7,897,6
117,8
1,376,8
252,8
18.953,9
3,520,5
2,991,1
9,844,0
901.0
1,716,2
17,883,0
82,467,5 14.584,6
9 893,2
900.7
2,180.5
3,771,0
611,0
780,3
5,193,2
919,2
793,5
569,8
4,136,5
714,5
5,782,1
47,349,1 12,179,3
1,790.0
2,472,5
9,855,5
792,3
125,0
3,433,8
512,9
916,0
4,726,4
1,613.0
13,066,5
997,4
7,676,1
1,595,9
1,364,3
519,0
440,3
3,985,0
9,497,8
1,436,1
1,625,5
807,6
4,173,0
584,0
16,117,0
3,579,0
1,183,5
677,6
4,724,0
624,0
2,183,1
10,635,0
1.842,6
564,9
5.879,3
1,437,6
5,918,7
254,0
846,9
710,3
4,938,0
989,0
1,422.6
13.321,0
2,909,0
$
$
%
15,737,0 26.9
1,554,0
2,141,0
25,448,0 26.3
14.203,0 25.7
976,8
18.946,0 27.4
1,664,0
22,408,4 26.0
2.074,5
5,828,0 25.4
102,0
8,538,8 136,377,3 26.7
1,569,3
24,455,5 28.3
6,754,1 25.4
412,4
6,220,7 26.7
621,4
2,351.6 26.0
89,9
7,609,0 24.7
914,0
6,065,2 24.9
452,8
1,049,0
19,306,8 24.7
8,292,9 111,195,3 25.1
18,424,1 24.2
1,119,3
3,517,0 20.3
407,4
5,564,0 26.3
851,4
2,608,6 26.4
480,9
14,511,0 25.6
1,087,1
61,609,7 27.1
5,720,3
7,671,0 24.6
373,8
19,315,9 25.5
1,561,1
365,7
3,576,6 17.5
587,0
7.134,4 26.8
13,794,0 25.1
150,9
42,886,0 26.0
4,250,0
385,2
9,430,2 23.6
21,461,0 24.3
1,160,0
79,205,0 25.6
3,306,0
1,648,2 25.6
169,9
20,905,2 25.9
1,897,0
1,759,0
9,918,0 26.8
66,687,0 24.8
1,956,9
324,6
9,858,3 25.4
4,237,0 20.1
244,0
459,6
5,771.0 23.8
3,985,2 22.6
189,8
1,351,0
53,744,6 25.1
11,367,6 26-2
507,3
670,0
3,899,1 20.3
5,569,5 20.5
629,1
13,768,6 23.5
2,246,0
304,4
7,821,5 24.2
220,4
3,037,7 24.3
8,912,2 22.0
524,9
4,479,0 25.1
541,0
1,400,0
18,824,0 26.4
4,688,0 24.2
513,0
8,549,6 25.1
307,1
471,3
7,014,5 27.2
6,930,9 22.1
690,4
4,736.0 24.1
156,0
14,731,0 21.1
207,0
_____ 119,150,0 155,176,8 1062.333,2 194,349,6 69,998,6 1034,698,1 25.5
a
a
Total United States deposits included, $23,642,600.
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Oct. 27 1906, based on average daily results:
W e o m it two cip h ers
B a n k s.
C a p i
tal.
S u r
p lu s.
L oans
and
In v e st
m en ts.
(00) in a ll cases.
L ega l
T en d er
and
S p e c ie .
Bank
N o te s.
D e p o sit w ith
C lea r
in g
A g e n t.
Other
B a n k s,
& c.
N et
D e p o sits
%
$
Wash. H ’ g’ ts
100,0
164,3
Century ____
200,0
140,8
Chelsea E xch
100,0
95,2
C o lo n ia l____
1004)
359,5
C olu m b ia ___
412,2
300,0
Consol. Nat_ 1,000,0 1,110,1
F id e lit y _____
200,0
138,2
14th S tre e t..
500,0
160,1
H am ilton
200,0
186,8
Jefferson____
500,0
588.5
Mt. M orris. .
250,0
185,8
Mutual _____
200,0
312,5
A9th W a r d . .
200,0
241,3
P l a z a ____ __
100,0
309.6
R iv e rsid e __
100,0
108,7
12th W a r d ..
200,0
179.9
23d W ard __
100,0
153,8
Union E x ch .
750,0
755,8
Y o r k v ille ___
100,0
355,0
Coal <fcl.Nat.
532,1
500,0
34th St. N at.
200,0
206,7
B att.Pk.N at.
200,0
114,9
$
$
$
11,3
48.0
901,8
34,4
1,298,7
67,3
61,3
962,7
42,6
83,0
4,085,9
340,3
5,661,0
292,0
262,0
533,6
90,9
6,851,5
16,6
1.024,8
61,8
5,569,7 , 171,6
339,5
5,009,8 j 290,4
237,6
3,897,3
10,5
250,4
122,1
2,672.9
108.0
3.676,3
26,8 ' 318,7
3.437.3
19,0
270.2
3.821,0
229,0
218,0
21,1
1,824,9
114,6
2,522.0
31.0
251,0
1,822,5
69,6
167,7
8,297,8
415,0
206,1
3,194,5
31,4
367,7
4,514,0
788,0
185,0
1,286,0
308,1
14,2
87,7
673.8
18,3
$
86,5
70,5
37,5
591,5
589.0
444,6
82,8
333 4
85,6
280,1
221,8
195,6
250,0
189.0
107,4
155,0
150.0
697,2
210,1
705,0
132,6
42,2
%
S
774,9
1,250,2
1,108,1
4,813,0
6,202,0
4,481,6
1,002,9
6,400,0
5,481,5
3,835,1
3,033,6
3,776,9
3,835,8
4.005.0
2.011.0
2,905.0
2,203,1
8,066,8
3.737,6
4,646,0
1,326,9
472,4
20,1
104.7
234,8
3,8
392,0
64,6
235.0
153.0
57,7
59,2
183,3
82,9
2,4
114.4
54,8
55,0
13,2
40.9
21,7
134,9
400,8
217.1
226.0
128,0
26.1
316.0
201.1
164.1
76.6
156,7
727.9
474,0
354.0
117.1
034,0
202,1
203.7
280,7
598,8
1,063,0
756.0
439,0
54,0
801.0
197,5 3,161,1
36,6 2,954,2
34,3 2,267,3
209,0 4,933,0
173,0 12,245,1
6,014,0
122.0 3,695.0
212,3 1,907,2
S79.0 13,136,0
182,0
101.6
47,6
309,0
77,8
86.1
1,767,0
201.8
342,8
431.0
78,0
12,6
6,155.0
2,385.3
2,0S0,3
160,8
62,4
23,0
40.7
161,8
72,5
138.6
S0,0
2,313,0
1,46S,7
T ot. Oct. 27. 11237.0 14744,9 132580,0 5,719,4 7,422.0 12,601,6 4,434,8 140084.6
T ot. O ct. 20. 11237,0 14744,9 132727.7 5,463,2 7,521,4 14,016,5 4,820.0 141445,S
T ot. Oct. 13., 11237,0 14744,9 133599,8 5,476,5 7,771 6 13,758.1 4,744,7 141499,1
L ega ls.
D e p o sits, a
C ircu
lation .
C lea rin gs.
N e w Y o rk
%
%
272,385.0
272,385,0
272,385,0
274,326,8
274,326.8
$
1051,172,8
1052,331.2
1065.657,8
1082.358,5
1062,333,2
S
Sept.29__
Oct. 6 -Oct. 1 3 -O ct. 2 0 ..
Oct. 2 7 ..
193,327.3
192,084.0
202.511,2
200,395,7
194,349,6
77.727,8
75.173,8
73,207,2
71,388,4
69,998,6
8
1034,059,0
1031,338,7
1050,776,0
1062,332,6
1034,698.1
45,595,8
45,749,2
46.154,8
46.471,7
46,724,6
1.923,940,0
2,255,022,4
2.101,120,1
2,054,023,1
2.066,619,6
43,480,0
43,480,0
43,680,0
43,680,0
185,316,0
190,563,0
193,923,0
192,400.0
17,914,0
18,220,0
17,556,0
18,629,0
4,946,0
4,962,0
5,147,0
4,975,0
216,608,0
225,005.0
229,545,0
222,686,0
7,772,0
7,784,0
7,781,0
7,770,0
182,216.4
180,566,5
187,390.0
171,039,1
$
%
B o s to n .
Oct. 6 _ .
Oct. 13-Oct. 20. Oct. 27-_
P h ila .
165,030,4
14,291,0
14,178,0
139,939,4
14,301,0
162,260.2
14,338,0' 151,888,6
1
a Including for Boston and Philadelphia the item "d u e to other banks" and also
Government deposits. F or Boston these Government deposits amounted on
Oct. 27 to $3,575,000; on O ct. 20 to $3,499,000
O ct. 6_.
Oct. 13. _
O ct. 2 0 ..
O ct. 2 7 -.
50,665,0
50,665,0
51,165,0
51,165,0
252,917,0
257.574.0
262.133,0
259,252,0
58,043.0
61,033,0
62,023,0
59,863,0
222,879,0
224,595.0
225,800,0
225,836,0
Im ports and Exports for the W e e k . —The following are
the imports at New York for the week ending for dry goods
Oct. 25 and for the week ending for general merchandise
Oct. 26; also totals since beginning first week in January.
F O R E IG N IM PO R TS A T N E W Y O R K .
1904.
1905.
1906.
F o r w eek.
1903.
S2,621,650
12,430,798
$2,120,510
10,988,913
$2,190,577
11,216,598
Total _____________________ $14,275,277 $15,052,448
S in c e J a n u a r y 1.
S133,721,505 $117,372,624
D ry Goods
492,091,786 460,803,994
General Merchandise_______
$13,109,423
$13,407,175
D ry G o o d s ______ _ _____
General Merchandise____- -
$2,710,920
11,564,357
$99,831,225 $109,742,745
392-532,096 382,916,799
Total 43 weeks___________ $625,813,291 $578,176,618 $492,363,321 $492,659,544
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 29 and from Jan. 1 to date:
E X P O R T S FR O M N E W Y O R K F O R T H E W E E K .
For the w e e k --------------- —
Previously reported-------------
$12,350,317
408,298,178
S13.139.593
396,076,893
$8,296,490
433,378,490
$11,134,733
502,013,757
1903.
1904.
1905.
1906.
Total 43 weeks___________ $513,148,490 $441,674,980 $409,216,486 $420,648,495
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 27
and since Jan. 1 1906, and for the corresponding periods in
1905 and 1904:
E X P O R T S A N D IM P O R T S OF SPE C IE A T N E W Y O R K .
Im p o rts .
E x p o r ts .
Gold.
S in c e J a n .
W eek.
Great, Britain
-
Germany
_________________
________________
West* Indies
_______________
Maxico
South Am erica___________ ____
A1J other countries _
_ _
Silver.
Great Britain _ __ __ _____ - France
____ _________ --
S50.000
1
- - __ __________
________ _______
____
- -. -
S645.995 $41,066,479
660,877 29,384,301
188.033 32,377.055
Total 1906
1
S50.000 $5,945,984 $1,775,901 S93,270,384
152,623 15,843,890
55,500 38,179,322
40,458 8,203,914
3,296,639 77,222,312
West In d ies___________ _______
Mexico
______ ____ _____ __
South America ______ - - ____
All other countries_____ ________
Total 1905
Total 1904
S in c e J a n .
W eek.
$1,362,657 $59,347,687
14,728,415
375,098 12,342,702
1,122 4,688,347
$671,178
215.127
1,124,576
5,358
1,679,153
4.115,880
17,419
268,953
14,247
34,350-
$645,765 $39,221,499
1,611,200
13,760
110,502
230
100,000
430i
9,088<
$36
443
33,449
20,582
123
$1,553
4,503
10
109.216
725,499
1,088,927
71,908
$54,633 $2,001,616
3,721,581
72.251
892.161
43.001
Of the above imports for the week in 1906, $10,257
were American gold coin and $530 American silver coin.
Of the exports during the same time $50,000 were American
gold coin and_____ -were American silver coin.
gatiMtig m it\ Financial.
B orou g h of
B r o o k ly n .
B o r o u g h __
135,4 2,761.7
200,0
Broadway __
150,0
390,8 2,903.5
B r o o k ly n ___
300,0
160,6 2,028,6
Mfrs’ N at___
252,0
699,9 4,621.0
Mechanics’ _ 1,000,0
869,0 10,477,3
Nassau Nat_
882,0 6,563,0
750,0
Nat. C ity __
622,7 3,216.0
300.0
North S id e ..
100,0
202,6 1.742,0
Union _____ 1,000,0 1,043,2 11,937,0
Jersey City.
First N at___
400.0 1,137,3 4,583,0
H ud. Co. Nat
250,0
690,8 2,759,2
Third N at___
200,0
339,9 1,965,5
Hoboken
First N at___
110,0
572,5 2,518,6
Second Nat _
186,4 1,497,4
125,0
S p e c ie .
Total 1906
- _______________
Total 1905____________ ________
Total 1904 - _______________
N. Y . C ity.
B orou g h s o f
M a n . & B r ’x .
L o a n s.
copy of our 12 page circular of C o m p a r a t iv e V a l u e s
describing aiout 60 issues listed upon the
N. Y. Stock Exchange celling at less than par value, with high
and low range since January 1 1905
W r ite fo r
o f R ailroad B onds
Spencer Trask Sc Co,
Branch Office, Albany, N.Y. W illiam and Piue Sta., New York.
M o f f a t
&
W
h i t e
Members N ew Y o rk Stock E x cha ng e.
5 NASSAU STREET.
H A N O V E R B A N K B U IL D IN U
D c it !c r § in I n v e s t m e n t s e c u r it i e s .
COHM1SS OX OR D E R S E X E
UTiSD FOR CASH
O N E Y
Jliaufcjers' (ga^jetfce*
F o r D iv id en d s see p a g e 1 0 7 5 .
lt’ a// Street, Friday Night, Nov. 2 1906.
The M oney Market and Financial S itu ation .— Business in
W all Street continued exception ally dull during the early
part o f the week. The quarterly report o f the United States
Steel Corporation was a favorable one, showing a sufficient
am ount of contracts on hand to insure a large business
for the com p an y during the com ing year. This report was,
h ow ever, about what had been looked for and therefore had
little effect upon the m arket. Of m ore influence was the
announcement on Thursday o f an increase in Pennsylvania's
dividend rate from 6 % to 7 % . This caused a substantial
advance in Pennsylvania shares and stim ulated the entire
market into more activ ity and strength.
The Bank of E ngland’s weekly statem ent shows a frac
tionally lower percentage of reserve held and indicates that
the present Bank rate m ay be m aintained longer than was
at first thought would be necessary. In the local market
call loan rates have been quoted on at least tw o occasions
as high as 9 % , although S atu rday’s Clearing-House statement
show ed that during last week the surplus reserve had been
on ly slightly reduced. The present indications are that to
m orrow 's statem ent will show a larger loss of reserve.
The open market rates for call loans on the Stock E x
change during the week on stock and b on d collaterals have
ranged from 3 to 9 % .
T o -d a y ’s rates on call were
5% @ 7% .
Prime com m ercial paper q u oted at 6 @ 6 % %
for endorsements and 6 @ 6 % % for best single names.
The Bank of England w eekly statem ent on Thursday
showed an increase in bullion of £ 120,587, and the per
centage o f reserve to liabilities was 36.51, against 36.64
last week.
The discount rate remains as fixed O ct. 19th at 6 % . The
Bank of France shows a decrease of 7,925,000 francs in gold
and 12,500,000 francs in silver.
XEW YORK CITY CLEARING-HOUSE BANKS.
D ijjerences
from
previous week.
1906.
Oct. 27.
1905.
Oct. 28.
1904
Oct. 29.
$
S
S
S
Capital--------------- -----119,150,000
115,972,700 115,972,700
Sitrplus____ . . _____
155.176,800
140,160 800 134,613,500
Loans and discounts__ 1,062,333,200 Dec 20,025,300 1,041,819,400 1,142,286,600
Circulation _ ________
46.724.600 Inc.
43,248,900
54,890,100
252,900
Net deposits__________ O1034.69S,100 Dec. 27.634,500 1,042,092,300 1,204,434,200
Specie . . ----------------194,349,600 Dec. 6,046,180 190,059,200 238.360.200
Legal tenders................
69.998.600 Dec. 1,389,800
79,542,000
76,894,800
Reserve h e ld __ . . _
25% of d eposits,..........
Surplus reserve____
264,348,200 Dec. 7.435,900
258.674.525 Dec. 6,908.625
5,673,675 Dec.
527,275
272,954,000
260,523,075
317.902.200
301.108,550
12,430,925
16,793,650
a $23,642,600 United States deposits Included, against S26.369.000 last week and
SS.521,900 the corresponding week of 1905. With these United States deposits
eliminated, the surplus reserve would be $11,534,325 on Oct. 27 and $12,793,200 on
Oct. 20.
.Vote.— Returns of separate banks appear on the.'preceding page.
Foreign E x ch a n g e .— The m arket was irregular and gen
erally low er this week until F riday, with liberal offerings of
com m od ity bills and a m oderate dem and for rem ittance as
the feature; the tone was strong at the close.
T o -d a y ’s (F rid ay’s) nom inal rates for sterling exchange
were 4 8 1 % for six ty day and 4 8 6 % for sight. T o -d a y ’s
(F riday's) actual rates for sterling exchange were 4 8 0 6 0 @
4 8085 for lon g, 4 8 5 8 0 @ 4 8585 for short and 4 8 7 @ 4 8710
for cables. Commercial on banks 4 8 0 2 0 @ 4 8030 and docu
ments for paym ent 4 7 9 % @ 4 81. C otton for paym ent
4 7 9 % (2; 4 7 9 % , cotton for acceptance 4 8 0 2 0 @ 4 8030, and
grain for paym ent 4 8 0 % @ 4 81.
T o -d a y ’s (F rid ay’s) actual rates for Paris bankers’ francs
were 5 2 1 % @ 5 2 1 % for long and 5 1 8 % a @ 5 18%<2 for
short. Germ any bankers’ marks were 9 4 d @ 9 4 for long
and 9 4 % d @ 9 4 % for short. A m sterdam bankers’ guilders
were 40 l-16cf@ 40 l-1 6 x for short.
E xchange at Paris on London to -d a y , 25f. 22c.; w eek’s
range, 25f. 2 4 % c. high and 25f. 22c. low .
The w eek’s range for exchange rates follow s:
-------------Long------------- -------------Short------------- ----------- Cables-----------Sterling. Actual—
H ig h .., . . 4 8 0 6 0
@ 4 8085
@ 4 8710
14 8 5 8 0
@ 4 8585
1
L o w ___ . . . 4 8 0 3 0
@ 4 8035
@ 4 8550
! 4 8550
@ 4 8555
|
P a ris B a n k ers' F ra n cs—
H ig h ... . . . 5 2 1 Via
@ 5 21V ,
L o w ___ — 5 2 3 H
@ 5 2214
G erm a n y B a n k ers' M a r k s —
H ig h ... . . . 9 4 d
@ 94
Low
. ...
93 1 5 - 1 6 d @ 9 3 1 5 -1 6
A m s te r d a m B a n k e r s ' G u ild e r s —
H ig h ... ----------- ------------- @ .................
L o w ___ ------------------------ @
-------------
Less: a 1-16 of 1%.
Plus: k 1-16 of 1%.
1077
THE CHRONICLE.
Nov. 3 1906. j
15 18 H a
15 1954
@ 5 18 H d
@ 5 1856a
|
1
1 9 4 56<*
1 945-6
@
@
9456
9456
1
1
1
1
@
@
40 l-1 6 a ]
40*
|
d 1-32 of 1%.
x 1-32 of 1%.
40*
40
ft 3-32 of 1%.
y 3-32 of 1%.
The follow ing wrere the rates for dom estic exchange on
New York at the underm entioned cities to-da y: Savannah
bu yin g, 50c. por S I ,000 discount; selling, 75c. per S I .000
prem ium . Charleston, 10c. per S I,000 prem ium . New
Orleans, bank, 75c. per S I,000 discount; com m ercial, SI
per S I ,000 discount; Chicago, 20c. per S I,000 discount.
St. L ouis, 40c. per S I ,000 discount. San Francisco, 75c.
per S I ,000 prem ium .
State and Railroad B o n d s.— Sales of State bonds at the
B oard include $5,000 Virginia fund, d eb t, 2 -3 s, at 95% to
9 5 % , and $20,000 Virginia 6s deferred trust receipts at 24 to
25.
The market for railway and industrial bonds has been more
active and in alm ost every case quotations are on a fraction
ally higher level.
The increased a ctiv ity is due in part to an unusual dem and
for a few issues, n otably M exican Central and Pennsylvania
issues. The form er 1st incom es are over 3 points higher and
the last named have advanced with the shares.
A tchison convertible and B rooklyn R a pid Transits have
been strong and the Am erican T o b a cco issues are % point
higher.
U n ited S tates B o n d s .— The follow ing arc the daily closing
quotations; for yearly range see third page following.
2s,
2s,
3s,
3s,
33,
4s.
48,
43.
48.
2s,
1930 ......... ___ registered
1930_____ ......... coupon
1908-1918. ___ registered
1908-1918. .......... coupon
1908-1918. .small coupon
1907 ____ ___ registered
1907........ ______coupon
1925 _____ ___ registered
1925-........ ______coupon
1936. . Panama Canal reg
Interest
Periods
Oct.
27.
Oct.
29.
Oct.
30.
Oct.
31-
Nov.
1.
Nov.
2.
Q— Jan
Q—Jan
Q— Feb
Q— Feb
Q— Feb
Q— Jan
Q—Jan
Q— Feb
Q— Feb
Q— Nov
*104
*104
*102)4
*10314
*102 X
102V
*102
*130
131 VS
*104 54
*104
*104
*102,Mi
10354
*102)4
*102
102)4
*130
*131
*10454
*104
*104
*10254
*10354
*10216
*102
*102
*130
*131
*104)4
*104
*104
*102)4
*10316
*102K
*102
*102
*130
*131
*10414
*10454
104)4
*10254
*102)4
*10254
*102
*102
*130
*1130
*10414
*104)4
10454
*10214
*10214
*102)4
*102
10214
*130
*131
*10414
♦This Is the price bid at the morning board; no sale was made.
Railroad and M iscellaneous S to ck s.— In the stock m arket,
as in other departm ents, a lim ited am ount of business was
transacted until to-d a y . On Tuesday on ly a trifle over 300,000 shares were traded in, and throughout the early part of
the week the m arket w'as exception ally dull for the season.
Weakness generally prevailed until Thursday when there was
a partial recovery, stim ulated chiefly b y the increase in Pennsylvan ia’s dividend rate and augm ented b y a covering of
short contracts. T o -d a y ’s market has been b y far the m ost
a ctiv e o f the week, the transactions aggregating over 1,100,000
shares. It was also exception ally bu oyant in ton e— a long
list of active stocks having advanced from 2 to over 6 points.
The exceptional features include P ennsylvania w hich, as
noted above, advanced 5 points on the dividend announce
m ent. R eading has been very active and closes over 6 points
higher. M exican Central was in such dem and early in the
week as to advance the price from 20 to 24 but subsequently
it lost half the gain. Great Northern has been conspicuous
to-d a y , selling over 12 points higher than on W ednesday.
Northern Pacific was abou t 9 points higher.
A naconda Mining has covered a range of 6 points and Air
Brake nearly as m uch. The Steel issues have been relatively
firm throughout the week on the favorable report of the Com
pany.
For daily volume of business see page 1085.
The follow ing sales have occurred this wreek o f shares not
represented in our detailed list on the pages w hich follow*:
STOCKS.
Week ending Nov. 2
Sales
for
Week.
Range 1or week.
Lowest.
Alice M ining........ .. . _ 2,675 S5J40ct
Bethlehem Steel Corp__
100 18 Oct
Comstock T unne!______ 1,300 24c. Oct
Homestake Mining__ __
5 100 Nov
Horn Silver M in in g .__
100 S2.05Oct
Ingersoll-Rand________
300 5454 Oct
Preferred ........ .........
120 9516 Oct
Knickerbocker Ice, pref.
200 80 Oct
N Y Central rights . . . 34,125 4J6Nov
N Y & N J Telephone- . .
18 124 Oct
Ontario Silver Mining__
300 3 54Oct
Pitts Ft Wayne & Chlc_ _
6 174 Nov
R R Securities— Ills Cent
stock trust ccrtfs........
103 9214 Nov
Standard Mining............ 2,500 S2560et
Vulcan Detinnlng,........
300 10 56 Nov
Preferred.................. ..
300 64 Oct
Range since Jan. 1.
Highest.
27 S6 ! 6 0 ct
29 18 Oct
31 30c. Oct
2 100 Nov
29 S2.05Oct
29 5514NOV
29 95 16 Oct
31 80 Nov
1 5)4 Nov
30 124 Oct
29 314 Oct
2174 Nov
2
29
1
27
Lowest.
Highest.
$214 Jan $654
1714 Oct 2654
10c. Mch 40C.
80.14 Jan 100
$1.70 Jan $216
Oct 5514
41
9354 OctJ 9516
July 8514
75
454 Nov 614
Oct- 155 H
124
114 June 414
Oct 182
173
Oct
AUg
Mch
Nov
Feb
Nov
Oct
Sept
Oct
Feb
Oct
Jan
93 54 Nov 1 9214 Nov 98
$2.850ct 30 S2K Oct $5
1056Nov 1 854 Aug, 1516
Jan, 7056
65/4 Nov
50
Jan
Jan
Jan
Oct
29
29
31
2
29
2
29
1
2
30
29
2
2
Outside M arket.— The excited trading in Nipissing Mines
and the enormous am ount o f this stock which changed
hands dom inated the m arket for outside securities this wreek.
The announcem ent that the Guggenheim interests w ould ex
ercise their option on 400,000 shares of the stock was the
stimulating influence and was also the cause for special ac
tiv ity in other properties in the C obalt region. Elsewhere
trading w*as only m oderately a ctive, with the general tone
of the market at the close firm. Nipissing from 28, last Fri
d a y ’s close, ran up to 3 3 % , bu t towards the end of the week
trading vras considerably less animated and the price dropped
to 3 1 % , the close to-d a y being at 3 1 % . Butte Coalition
m oved up from 3 6 % to 3 7 % and closes at 3 7 % . Cumberland-E ly from 12% reached 1 3 % , reacting finally to 1 3 % .
United Copper com m on advanced from 6 3 % to 6 6 % . Utah
Copper lost 3 points to 33 and recovered to 34. British Co
lumbia Copper was active and rose from 13% to 1 4 % . ElyCentral advanced from 6 % to 7 % , with the close at 7 % .
Tennessee Copper sank 1 % points to 44 but regained the
loss. M ontgom ery Shoshone sold up from 14 to 1 6 % , sink
ing back to 16. T onopah Extension ran up from 5 % to 7 % ,
I closing lower at 7 % . Davis Daly Estates advanced from
i 12% to 13% . Interest in industrials was confined to a few
j issues. American Can preferred dropped from 55 to 5 3 % .
i One sale o f Guggenheim E xploration was reported at 3 2 2 % ,
| an advance of 10% points over the last previous sale some
I time ago. Mackay Companies com m on has risen from 7 0 %
to 7 2 % . Standard Oil sank from 597 to 591. Chicago
. Subway advanced from 52% to 53% but closes at 5 2 %
Outside quotations will be found on page 1085.
New York Stock Exchange—Stock Record, Daily, Weekly and Yearly
O CCU PYIN G
> LOWEST SALE PRICES
JSatuv o ay
Oct 27
Monday
Oct 29
Tuesday
Oct 30
W ednesday
Oct 31.
Thursday
Nov 1
TWO
PAGES
R a n g e to r Y ea r 19 0 0
R a n g e to r P r ev io u s
S a t e s o*
O n b a s is o f 1 0 ()-s h a r e lo ts \
Y ea r (1 9 0 5 )
th e
W eek
H ig h e s t
S h a res
L ow est
Lowest \Hig tiest
STOCKS
Eriday
Nov 2
EXCHANGE
RailroadH.
■
100B 101 B 101% 101% \ tch. Topefca<fcSa
*100
100% 101 n
100% 1(11
Do pref___
137 137 A1
136
137 137
118% 119
118% 1)9% I, al tim er e & O I110 .........
119
91
91
i Do lire?......................
*01 B 92H $92'« 92A: $92
,*90 b 92
§92
92
78% 79*4
78 Hz 79
78B 81 B Bt
Brooklyn Rapid Transit.
7838 78%
7 7 B 78B 77% 78%
*80
88
*80
88
480
88
*80
88
*80
83 Buffalo
Bi
88
480
& Susque, firef..
174 174% 175 170
175 B 176
174B 175B 17 4 B 175B 17 4% 170 ( inadian P a cilic..........
*06
67 B *00
07 * mad a Southern..........
67 B *66
0 6 B 66 B *66B 67B * 66
*220 225
220 224 * 2: 0 224 *220 224
223 223 *220 224 Ce atral of New Jersey..
57 B 58
58% 69%
56
54B 55% Cl
58 ‘4 59'S
57 B 68 B 55
Chesapeake & Ohio........
30
30
*29 B 33 B 29 ^ 29 B *29 Sa 35 S
*29B 33B *29 B 33B CL
Chicago & A lton R R ___
*
77
70
76 B 7 6 B
70
77
70
76 B *........ 77
Do p ref......................
17 B 17% Ob
*17B 17%
17 Sa 17 Hi *17 B 17 aj *17B 17%
17 B 17%
82
*80
*79% 82
*80
90
*79B 82
Do 4 p. c. debent
*79 B 82
*79B 80
*72
74
*72
76
*71 B 75
*71 Hz 75
*71B 75
Do 5 p. c. pref. “ A ” _.
*71 Si 75
ft>3,i
25 B 25%
25% 25% *25% 25%
*25 Hz 26
*25 B 255,
Do 4 p. c. pref. UB’
25% 2- 1
161'% 172
170 171
17L% 173% Oh eas Milw. & St. Pa
170 B 17 IB 17 1B 172
•190 191
190 193 *190 193
191 191 M89 193 *190 191
Do pref..................
202 202
2U5 205 Ch
201B 202
201B 202% 202 Si 202 ^ *201 Si 204
*230 240
230 240
230 240 *230 240 *230 240 *2 0 240
Do pret.....................
*178 180 *173 180 *173 180 *173 180 *173 180 *173 1-0 Ch lc. St. P. Minn, tfe Om
*175 185 *176 185 4175 185 *175 185 *175 185 *175 185
Do pref.....................
*11
13
ML
13
*11
Ml
13
*11
*11
13 Ch ieagoTerm,l Transfer
13
13
*24
30
*25
30
*24
30
*24
30
30
26
*25
26
Do pref.....................
4% 4 ;%
*4B
4%
4 B 4B
MB
4% Ch
4 78
4^
*4B
4%
15% 16
*) 6 B 16
14 B 15
15
15 B
14 Si 15 % 13B 14B
Do pref.....................
*94
95
94% 94%
94% 94*8
94
94%
9 4 % 947,
94% 95% Cl
Cleve. Gin. Chic. & St. L
*112 1.14 *113 114 *112 114
112% 112%
112 % 112 % *11.2 1 J4
Do pref.....................
3838 38%
38 B 38% Co
38
383e 3 8 B 38%
38 38 38 7g 38B 38*2
Colorado & S outhern__
09 B 09 B 69 Si 69 7e 69
*60
69B
69% 69%
69B 69%
69%
Do 1st preferred__
57%
57
57
57 B 67
*67 B 58
67B 67%
5 77g 67B 57%
Do 2d preferred___
215 B 216
2L7 217
216B 216 S 214B216B 214 B 2 16 Hz 218 219 B IP
I Delaware & Hudson.
*625 650 *625 630
*625 550 $525 525
660 655 1I '©law. Back. & W est’n
40
40
39
39
39% 39
39
39%
40^
*39
40B De
40B
Denver & Rio Grande__
83
83
85
*83
*83
85B
*83B 85 Si 83B 83 B *82 B 85
Do pref____________
*90
93
90
90
89
90
*90
89 B 90 Detroit
De
92 Si *90
united..................
*16% 18
17 *17
*17
*16% 17
M 6B 17
19
*16% 18 Duluth
Dr
So. Snore & Atl..
*37
89
*37
37
37
37
37
*36
40
*37
40
38
Do pref.....................
43% 43%
43 B 44
43% 44
43% 44 B 43 Si 44
43% 44% 12
*75 B 76 B 70
76
76
76
75%
75%
76
76
7 6 B 70% JCj Do
; 06% 67
67
6/
67 B 67 B 68
^ 67 B 67 B *67*4 68
68 B
Do 2d pref.
*65
76
*65
75
*65
75
*65
*65
76
75
*65
76 Et
*85
96
*85
95
*85
95
*85
95
*&5
*85
95
95
Do pret................
B16%317B 3i7% 318B 816 317 Sa 314 315B 314B317B 320Sj 326Si Great
Gt
Northern, pret.
_ _____
*80
*80 ........
*80
87 Gr
Green Bay<fcW.,deb. ctf.A
13
13
12
12
13
12 *12
13
Do
deb. etf. B
*45
47
46
46
46
*45
*45
49
49
*46
49 O
47
][LJ avana E le ctric.™ ___
, *86% 90
90 1 j
90 *........ 89 *........ 90
*86 B 90
pref.......................
•115 125
*........ 123
123 *........ 123
* ........ 123 ac
125
Hocking V a lley ...............
,*93
94
94
*94
95 B *94
96
*93 B 94
94
90
Do pref............. ........
172B173 J1Y2 172
173B173B 173% 173% 174 174
172 B 172 B 11 mois Central...............
36% 37
35% 36B
35% 36B
36B 38 JJLinter bor o-M etropolitan.
3038 36%
36B 37
7534 76
' 76 B 76B
76
76
76
76
77%
76B 76B
76B
Do p r e f ........... ..........
♦28 B 29
28 B 2 8 B 2 8 B 2834 29 I<r va Central.......... ........
*28 B 2J B 28 B 28 Si 28
*5 L 53
•61Hz 63
62
62
*49% 51B *50
51B 61% *60
Do pref............... .......
*62
67
*62
*62
75
*62
67
*62
*62
67 17 anawha & M ichigan..
75
75
*78 B 80
*78B 80
*78 B 80
*78B 80 1\ -C.Ft.S.cfeM.,tr. ets. pfd
*78B 80
*78Si 80
27%
*27
27% 28 Ka
*27 B 29
28% *27B 28% *27 B 29
68% 59
59
5834 58%
69
69 B
6 8 B 6 8 B 69
69 B 69B
Do pief.
*29
84
*30
34 B *30
34B *30
*30
33 ff ike Erie 6
34
34 B *29
»75
80
*75
*75
*76
80
*75
80
*75
80 JL Do pref.
S.O
80
61B 61B *61
*61
07
*01
68
*61
*62
68 Lo
68
68
143% 143% 143 144B 143 143% 142 B 343% 142 B 143 B 143 B 144 B Lo
*142 146
142 145 *142 145 *142 145
jy|
Elevated...
143B143B * U 3 145
101
*104
101 % 101% 102
100% 101B
100% 100% 10 i *1()0% 101 v 101 101
i 36
i 35 b 136B 186 -v 137 *135B 130B
1 19% 119 B 120
119%119 S 118B llu %
107
104
107
*104
106
*104
107
*Io4
107
21
29.
22% 22 B 22% 24%
23% 2434 22B 24B
185 200 *185 200 *185 B 200 *185 20u
*187 Si 200
97 Si 67 Si
67
67
67
07
07
66 s4 66%
67
*95
99
*95
i 6% 96%
96% 96Sa *96B 98
98
147 150 *147 150 *147 150 *147 149
*146B 149
*166 172
167 171 ■*165 170 *165 170 *165 170
33% 84
33% 34 B 33B 34
34
34%
33% 34 B
*68
6 8 % *08B 69
69
*68 Si 0,8 %
68B 6 8 B *67
93
93B 94
93% 94 B
94 B 9 3 Hz 9 4 B 93Hz 94%
*187 141
136 136
185 141 *135 141 M35 141
63
5 4 1g
54
64% 55
5o
57
54B 56%
55
*24
26
28
28 B 26^8 27 B
26% 27
26% 26%
Do p r e f ............ .......
i.26% 12 8 " 126B i ’2 3 " 127% 129 % N.
60
62 B
61B b2B
63
63 % N.
*112 120 *112 120 *112 120
Do 1st pref................
*85
90
*85
90
$86
86
Do 2d pref................
ly t
<193 195
193 193 N. Y. N. Haven cfc Hartf.
45 B 45 B 45 B 45%
45 B 46 N.
yssi 941,
^3*2 9its.
94
94B No
94
490
90B *90
90
90
Do adjustment pref.
209 211
209B 212B 212% 217% No
■n Pacific........
*124 130 *122 130 *125 130
U
* 100 108 *100 108 *100 108 *100 lo 3 JL
1st pref................
*122 128 *122 130 *120 130 $120 120
Do 2d pref................
142 143% 140B 142% 141% 145
144B 145B Pe
*36
43
*36
42 Te
Eastern.
*3 3
42
42
*36
84%
84%
83
84
84
83
* 83 B 85 B Pit
*103 106 *103 108 *103 106
Do pref.
140% 14 138 ih 8 i4 m s , 138% 142% 141% 147% 3>
*90
91
90
91
91 1\
*86
90 Hz 90
97 *........ 97
*94
*94
9 0 B *94
2d pref
98
27% 27%
27% 27%
27% 27%
27^ ‘J8S?. Bo
65
05
65% 65%
65
65%
66
6 6%
Do pref................ ......
*66
70*66
69
69% St. L. <fcs.Fr., 1st pref___
69
68% 69B
46% 48%
Do 2d pref.................
*46B 48 §46% 40B 477,
*23
24
24
24 B 25
*24
25 St.
24%
*57
*57
00
58
58
*57
60
Do pret
60
91% 91%
90% 91%
9y Si ttJA 91B 92 B Sotithern Pa
*1.18% 119% *118% 120 *118% 119% 118%118%
Do pref.
33% 34% 33% 34% 33% 31B
34
3 4 % Sotithern v.t
94% 95
95%
do
Do pref.
95B 95 B 95
95
95 B
36% 36%
& Pacific .
35% 36 B 3o% 36B
36B 36% F
*123 126 *123 120 *123 126B '12 3 126
1
*30
32
*30
32 To
31B *30
31B *30
*34
B. cfc W. v. tr. ctxs
34
34 B 34 B 34% To
35 B 33% 34B
*62
54
54
64
65
55
55
55 1 Do pref. vot. tr. ctfs.
127 7s 128 % 128 " i ‘Is% 128 128%
*63
65
*63
65
*63
65
*112 120
112 120
112 120
*85
90
86% 86Si t85 90
*192 195 $193 193
192 Sa 195
*45
46
45 Si 4 57q 4o3,j 45 Si
94
94
93% 94 S3 94
94
*90
90% *90
90 B §90B 90 B
209 B 210*4 211 212
211 21 IB
*124 180 * L25 130 *126 130
*100
lu8
*123
139%
*36
*81
*103
13U
i40%
42
85 S?
107
*95
27
97
139HU41
r88
91
*100
M2 3140
*36
84
*103
140%
108
130
143%
42
84
106
142%
27 B 27 B 37%
6478 64 7g *04% 65B
*66
68 S *66
68 b
46% 46 % *46% 48
23% ‘J3%
24 Hz 25
*57
60
*57
60
91% 917c
9 1 B 92 B
*118% 120 *118% 120
S 3B 33 St 33% 34
*95
95 Si 95
95
3 6 3a 36 Si
36 B 37%
*123 126 *123 126
*30 ‘ 32
*30
31B
33% 35%
35
35 B
54% 54%
54% 65 B
107 107 Me
22% 22% Me
*187-2 200 Mi
66% 66 Mi
*96 *2 98
Do pref___
*147% 150 Mi tin. ! . P. & S.
Marie.
*168 171
Do pref___
34
34B Me
68% 69
Do pret............. ........
93% 95 Ml
•i Pacific...............
$141 I t I
V
53% 54 IN at.of Mex, non-cum.pl
26B 28
Do 2d pref..................
27,330 85 % May 2 110 Hz Sep 11! 1 1 % May 933b
98 B J’ ly 3 106 Jan 3 99 Jan 05 % Sep
1,81
1,4i 131 B J ’ ly 3 167B Jan 20 120 Jan |l70 Ape
28,‘JoO 1 r534 May 2 125B Sep 2 1 100Si Jan 117 Aug
470 91 Oct 22 99 Hz Jan 5 91 M a 1 100 Aug
51,400 71 J ’ ly 12 9 4 ‘ f Jan 2 - 1
9 L% Nov
•• .
83 .Tan 12 87 Feb 8 84 Dec i 9 1 % May
24,500 15538 M ay 2 183-j. Oct 3| 130:S Jan |177 % Sep
1UO1 65 B J'nnJO 707sJan 8| 67 N 01 74% Aug
100 204 May 2 23978 5tay24 190 Ma\ 2 35 OCt
18,800 5 3 B A p r28 6 '»% A ug ,ui 45 B Muj 60 % Mar
400 25 B Sep 10 35% Oct 8|
0 00 75 B Sep 1 - 77 B Oct 5
600 16 J ’n e io 23% Jan 2 0 | 17% :
25% Mar
1 89 Sep
........ 79 H2 Sep 4 86^2 Jan 17 83'S 5
, ##### 72 B J ’iy 13 80 Jan 31 60 J’ne 7 8B S ep
1,4 00 25 J ’ ly 21 39% Jan 22 29 Maj 37 S2 Apr
78,500 155 B May 2 198% \ue27 1 6 _ w
187 Si Apr
2 00 177 Hz May 2 21s Aug -7; 182 '-3 Jan
vi S2Apr
l,9 i8 193 Apr 27 240 Jan 15 tl90J^ J’DC 249 Jan
mmmmmm 225 Aug 9 270 Mar 30 134 Jan 265 B Feb
....
168 J ’ne .8 198 Jan 15 1.50 Jan 225 Jan
•« •rnrnm 176 J ’neJb 202 Jan 15; 195 Jan 230 Jan
.........
934 Apr 19 1 8 B Jan 19 1 734 Jan 20 J’ ne
100 26 Oct 30 42 H J an : _1 17 S2Jan 42 Hz-Ply
1,0 Jo
3 78 May 21 1334 Feu 20
6 J ’m 13 % Feo
4,7 50 11 '8 J ’ ly 12 47>a Mai i 2' 3034 J ’ly 54 Feb
2,000 90B May 2 109% Jan 151 90 Jan 111 Mar
200 110 J ’ly 19 118 Jan 20 115 B J’ ly 121% Mar
3,725 29 Hz Jan 4 4 1 Oct 3i 22% Jan 30 % Apr
1,520 66 Hz A pr 30 73 B l et) 20, 52 May 69% Dee
4,450 43 May 2 583s Oct 2 J 32 Si May 55 Deo
5,700 189 May 2 231 J ’neJT 17 8 B Ma> 24 l»34 Oct
550 437B May 2 560 May24 135 Jan 498 Sz Oct
1,4 0 36 % May 2 51% Jan 26j 27% May 39 \ Deo
340 83 o c ; 27 9 1 B Jan 2-1 83*-4 May 91B Dec
6 0 89 N ov 1 102 Feb 9 76 S2J an 96 4z Dee
100 16 J ’ ly 13 22% Jan 11 1134 May- 22 -4 Not
400 32 A pr 28 45 Jan 11 21 May 4634 N ot
20,500 38B May 2 50% Jan 16 37 Si May 52-4 Aug
1,150 75 May 2 83 Jan i5 74 7s May 85 Hi Aug
1,100 62 HzA pr 27 76% Jan 16 55 Si Jan 7
Aug
. . . . . . 70 Sep 7 76 J an 2 63 J’ ly 75 Aug
80 J ’ly 13 94 Aug 2 85 Nov 96 Aug
22,620 275 May 2 348 Feb 9 336 Jan •35 Apr
1 86 May 12 92 % J an 2 2 83 Feb 90 Jan
3b 1 iB Oct 25 23 b Jan 19 17 May 24S2 J’ne
1,200 33B Jan 19 53 A u g l4 15 Apr 38Sz Deo
77 B Jan 15 97% May 8 50 J’ne 82 Deo
. . . . . . 113 B Feb 6 135 A pr 24 805’6 Jan 121 Sz Deo
150 93 May 2 99% J ne 1 90 Jan 97B N ot
1,311 164 May 2 184 B J ’ne 7
183 Sep
14,184 33<B J ’ne27 55% MaylO
4,000 7 0 B J ’ly 3 87% May 10
00 0 24 J ’ly 12 34% Jan 12 24 May 32 Eeb
l o o 48 J ’ly 17 63% Jan 33 50 May 61 Dec
___ r_ 52 Mar 7 76 J ’ne 8 29 S? May 58% Deo
77 Oct 22 84 B Feb 7 81% J’ne 87 Oct
1O0 22 7e J ’ly 3 37 % J an 5 22 % May- 36B Deo
2,200 49 J ’ly 12 71 Jan 5 52 Jan 70 Eeb
mmmmm_ 2 7 b J ’ly 3 44% Jan 12
28*4 J’ne 47 Hz Dec
75 Sep 25 $9 j B J an - 5 91 J’ne 106 Mar
61B
Oct
27
100
81% Jan 16 50HzMay 73 7« N ot
6,700 136 B May 2 156B Jan 19 3
140
Sep
25
100
162 Jan 26
May 175 Fob
65 Feb 28 s i 5 % M a v ll 68 % N o v 91 Mar
100 lo 3 J ’ly 12 127 Jan 16 .14 M ay 33 Aug
69,8 j 0 183q May 2 26% Jan 19 18 *4 May 26 Mar
140 MarlO 200 J ’iy 17 130 J’n’e 155 Aug
i,o o o 63 A ug 3 84% Jan 11 56 Hz Jan 8434 Oct
30o 90 Apr 27 100% Jan 3 86 Jan lUo Oct
l 4 l B J a n 4 164 Mar 24 89 HzJan 145 Deo
- -•••• 163 HzA pr 30 183% Jan 11 ..48 Jan 173 Deo
7,600 29 May 2 40% Jan 12 24 May 39 Hz N o t
400 04B Apr 27 74% Jan 18 56B May 73 Aug
18,800 So. H» May 2 106% Jan 20 94 HzMay 1l 0 7g Mar
n o 133 May 3 149HzJan 12 ] 37 Jar 158 Apr
15,310 36 A p r 27 5 7 o c t 3 . 33 % M ay 40 J an
4,306 1SB J ’n e l6 28 B Oct 3 1 1734 J ne 24 Hz Jan
32 B j ’ nelB 36% sep 12
#. . . . . 80 -4 Sep ^ 83 A ug 4
20,635 126 B N ov x 156^4 J an 8 ,36s4 May 107B Mar
2,300 59 Max 5 73 B A pr 17 42 Jan 76^4 Deo
111 A pr 14 120-8 Jan 27 :
J ’ly 122 Hz Jan
500 80 May 3 91% Jan 9 74 May 95 Deo
125 190 J ’ly 10 2 0 4 % Jan 19 $
$216 Sep
4,530 4334.May 2 57 sj Jan 27 4 0^ Jan 64 Mar
4,96, 84 F e b 28 97% o c t 2 76 May 88 Hz Mar
1 10 39 HzA pr 12 96 Jan 6 91 % Feb 90 Aug
51,530 f7 9 B M a y 2 23-’ B FeD 14 I.65 Apr 216H2 Aug
i03 Jan 10 142 j ’ne 0 78 B J an 109 B OCt
105 j an 5 106 Jan 29 .00 Jan 108 Feb
20 105 B Jan 10 135 May 8 85 Jan 109 Oct
643,360 122 B J ’ly 2 1 4 7 an 231 HzMay 148 Aug
33 Apr&8 46 ^ Jan i5 27 Jan 48 34 Apr
550 75 May 2 87 Jan 24 70 Mav 18734 Mar
1.0.0 May 4 lo 9 A u g l*':
Feb 112 Mar
875,100 1x2 Mav 2 xi-64 Jan -3 .z
Jan 14334 N ov
700 «y Sep Ss 96 Jan 2^ 90 May 97 bep
90 A p r 30 102 Jan ^0 84 Jaii 101 N ot
23,050 22 HzJ ’ly 13 30% Oct 3 2184 Dec 8 7 7g J a n
BOO 0 60 J ’ly 2 0J% Aug 20 60 HzNov 85 Jan
700 60 F eo2 6 72% Apr 3 67 Dec 81B Mar
2,950 4-0 Hz J’ly 17 51B Feb 6 45 Dec 73 HzMar
1,300 20 Hz May 2 27% Jan 19 20 Ala} 27 HzJan
100 A8 34 Mav x 65% sep l o 55 N ot 66 % Apr
91,100 61 May 2 97 b 8ep 21 57B May 72% Feb
219 116 J ’ly 2 1 2 0 ^ j ’ne 6 1153i Jan 122B Deo
12,100 32 Hz J ’ly 12 42% Jan 26' 28 Mav 38 Sep
2,400 9476 N oV 1 103 J a n l6 95 Apr 102 B Sep
5,80 0 28 May 2 40 B Oct 2 | 2 9 B A p r 41 Mar
1-3 A uglO x 139*^ Jan 17 1 i _ 0 D e c 141 Deo
. . • 29 *2 A pr 23 36 Jan 2 .' 22 B Jsn 3 7 B Apr
1,600 25B J ’ly 2 40 B Jan 19 3 i B May 4 3 B x p r
1,300 43 J’ly 13 59% Jan 19i 51-4 Jan 65 Apr
BANKS AMD TRUST COMPANIES—BROKERS’ QUOTATIONS
Rid Ask
Rid A sk
R anks
Rid Ask
Rid Ask
B anks
Bail its
Rid Ask
Banks
R anks
Chemical___ 4100 4250 Fifth............. 340
*240 •250
Metropolis^]. 400 425
565
P
ad
tic
7
.......
555
Imp
&
Trad.
NEW YORK
Metropoh’ n^ 160 170
Citizens’ Ctrl 143 147
Park............. 4ou 470
First
Tnter boro ’j}.. 145 155
690 705
A etna........... 207% 215
C it y ............. 268 273
Night & Day
500
Irving ........ 240 250
Mt M orris V . 230 240
People’^ ;.... 300 .
Coal <& iron. 250 * 269
M u tu a l'....... 300 4-5
P h e n ix ........ 180 190
Am erica I ... 525 535
J effer son^j.. 2oO 210
l4Ui street’ll 225
Am er Excli.. 247% %54 Colonial"; ... 700
Nassau*; ___ 195
too
Plaza1 .......... 560 580
50> 520
Fourth
Liberty _
f 212
A s to r........... 650 750
Columbia 1i.. 450 559
Prod E x c h t. 165 175
Cal la tin
Lincoln ...... 1500 1700 New Amster 200 715
335
Commerce... f 185
Battery Fark 125 135
New York Co 1200
Riverside^ .. 250 280
Manhattan^. 290 310
G arfield.......
300
N Y Nat Ex. 200 205 Seaboard ___ 3 / i> 4.U0
Consolidated 162 % 167 % German Am t 155
B ow ery j!___ 320 335
Market Ful 365 275
C’ ru Exch'jj
New Y o rx ... 31 0 322
Butch’ s & Di 100 170
6314 ____ German Exi: 415
S econ d ........ 700
Mechanics’ . 247% 254
T|rfi
19th Wardli.
Discount^... 150
Century 1,__ 175 185
\fe,r,h &■, Tra; 168 1.3
C6 ) Statei,.......... 2500
500
Germania^l
Chase ’ ___ 700
East River.. 150 160
North Amer. 287- >72 - 34th Street.. 207%
Green wrcli ^ 295 305
245 255
H a m i Irnn^j
Chatham__ 295 305
Northern__ 155 170
Fidelityf| ..
200
12th Ward9 . 350
170 180
745
Chelsea lA c c 195
Fifth AveTl.. 3600 4000 Hanover....... 500 510
23d W ardt.. 190 -Orientals___
-80
Merchants’ .. 164: 170
* Bid and asked prices; no sales were made on tins day. $ Bess than 100 shares. $ Ex-rights.
State banks, a Ex-dividend and rights. &New stock*
t Sale at Stock Exchange or at auction this week, s Trust Co. certificates.
h Assessment paid, n Sold at private sale at this once.
i£a.nks
Rid
Ask
New York Stock Record— Concluded— Page 2
Nov. 3 1906.]
S LO ^LS—H IG H LS I A N D L O W h S l
S a tvri’ a!.
Oct 27
i/o n d a y
0 : t 29
1 Tuesday
| Oct 30
S A L *. JHH1C&S
IVeanesday 1 Thursday
Oct 31
N ov l
I>Yiday
N oo ‘J
Sates 01
the
Week
Sttares
S T U C liH
N E W Y O R K STOCK
EXCHANGE
1070
K anye tor Year lUOS
Uanye tor 1'revious
If1*0*0 l/f i
Jbi O lO( •'
Y ea r(1 9 0 6 )
Lowest
H ighest
Lowest
H ighest
<109% 111% <109%112
360 lO SH J’ly 3 122% Jan 22 105 Jan 122 % Apr
Tw in City Rapid T ransit.
1 50 Oct 3 $150 Oct 3 $173% May 160 J ’ ne
D o p r o f........................
180% 182% 182% 183 ‘p I TmoulPacitio................... 369,350 188% M uy 2 1*5% Sep 4 113 Jan 151% Deo
1S1 % 182% 181% 183% 131% i ’8 2% 180% 182
1.175 91% May - 09 % Jan 2 95 % Nov 101% Fob
92 % 92 *«■ <92% 93
92 % 92 % 02% 92% * ' Do pre?........................
92% 92% 492 ^ 02%
1 ,Ol)0 59 A pr 2
03
6 3 % 63
63
61
98 Jan IS 2 I % J an 92 % Deo
*65
01
<63
t>3% *63
6’3
63 % Unit Rys 111 v ’ t of San Fran
4 /0 05 A jir20 93 % Jan 17 04 % Jau 94 % Deo
72
72
*71
73
*71
73
*70
72
Do p r o f.................... .
*71
72
7 l % 72
S l % Apr 19 87 *•» Jan 13 SO •J'ly 85 N ov
United Ky&of St Lou. prei
5.51)0 18% I’ iy 12 26 % Jan 24 17% M uy 24 % Sep
19% 19% *19
18% 19%
•/«
19
19%
10 Si 19*2
19
19% \ \ ; abash............................
42% 4-4
41
44
44
44
8,0UU 40 % J an 3 55 v Febc7 37 M a) 4 S Feb
44
44%
41% 43%
•12
42%
Do p ie r................. ..
3 l .Jan b 4 4 1.2 ne 4 "1 X ov 30 Deo
*3 0 % 4 0
*56 % 40
*30% 40
■*36% 3.' % *36% 40
*36% 40
1 , 10 . 16 A pr 28 21% Feb 0 15 May ] 9% Mar
18
17
17
*16% 17 *»•
*17 ' 18
*10% 17 ^ '1 7
16 % 17 % W heeling d* Lake E r ie ...
100 36 May 2 4 s % F eb 6! 36 M uy 48 Feb
*36
39
36% 36% < 3 /
39
*37
39
•se
3o
*36
39
Do 1st pret.................
OOV,,
2 1 % 22
<21
2 2 % •»>.»
600 2 l % Oct 3 i 20 % Feb 6, ‘20 May 2s% Mar
*.2
28
*22
23
* 22
23
Do 2d o r o t.................
320 23 M uy 2 33 Jan 17 20 A pi 33 % A ug
* -5
26
*25
26
*25
26
20
26
25% -5% •25% 26% W isconsin C en tral............
1 ,1 0 0 44 J ’ ly 2 64 Jan 1> 45 J an 64 % Oct
51 % 5 2
54
*51
52% *50% 52% *o0% 53% *52
52% 52%
Do prer....... ................
In d u stria l »fc H isce ll
. . . . . . $210 J’ n el4 '*300 Aug_>7 $236 J a n $250 Fob
•275 3 11) *275 310
<275 310 *275 310
*275 310
•275 3 .0
4 dams E xpress............
1,030 16 J ’ly 3 27 % Jau 24 13 M u>J 24% Deo
17
17%
10% 16%
l ? 1* 17>*
16% 16% *16% 17
TjL Ihs-C halm ers..............
1 % 17%
4<% 44%
45
1,806 4)) Sep _ 6 / J an 2 1 46% May 68 Feb
*41
45
44% 44H
Do p re t......................
•It’ s 4 0 ^ *44% 45% <44
109% 110% 109% 111% 110H 112% A mal ganiated Co p p er....... .04, 00 92% J ’ly 13 118 3 Feb 13 70 Jan 1 11% Deo
110 111‘4 110 8 111% 1 1 0 m i u
' - 5 -J 2 6
25
25
25
25% *25
1,10«» 20 J ’ly 3 34% Jan 2 .1 20 Jan 29 % A pr
2 d % 25%
26 Arner A g ricu lt Chem ical.
*25 Si 2*6
100 93 A p r 23 102 Jail 25 89 % Feb 95 Aug
*8<
91% *89
* 3% $92% 92:% *87
92 m *87
92%
•b 7
93
l)o
p re t......................
24 % 23% 24% A m er B eet S u g a r..............
' .3
21%
23% 23%
1,70b 20 % May 2 35 Jan 6 23 Nov 35 Deo
23% 23% *23
22*8 23
. . . . . . 82 wOct i s 89 % J;lu 8 77 Jan 89 Deo
•......... b7 Hi •......... 87% *......... 87%, * ......... 87 % *......... 87% *■------- 87%
Do p re t.............. ..........
44% 44%
44
6,05
44
4 4 %i 43
43
-43%
44
44% American Car <fc Foundry
32% J ’ly 13 47 vj j an 24 31 May 4 3 •%A pr
4 3 ’4 44
9bU 98% J ’ly 13 105 Jan 24 #91 % J an 1U4 % A pr
•100 lUlHi 101% 101 % 101 191% 102% 102% 101% 10L v, 101% 101%
Do pret......... ..............
34% 34%
34 % 3 1 %
1,500 28 May 2 44 % J an 1 1 27% •Fly 40 % D6o
34% 35
3 4% 34%
*34% 34%
35
35 % Am erican Cotton O il.......
*9o% 95
5 b 90% J’ne2u 95 Jan 10 89% J ’ iy 97 Feb
*93% 9o
*93% 95
$95
95
*03 Si 05
*93% 95
Do p ret........................
*240 045
*210 245
*240 245 *240 245
-240 243
. . . . . . 2 i5 A p r 26 272 A u g 50 $203 % Jan 246 Feb
<240 245 Am erican E x p re ss............
7 % May 2 11% Jan 15
‘ 8%
9%
21%*>% 9%
9%
9%.
*9
9%
4% Ailb 14 Jan
8%
8% A m erican Grass T w in e ..
*S%
9^0
5%
6
*6
6%
5 % Oct 31 10 Jan 26
*5%
5%
*6
6%
6
6
1,1 ib
0 % 5 % Am er Hide & L ea th er___
6 J ’111 11 % Dec
26
20
25% 25%
25% 25%
2 d Si 25 % 26
600 25 Sop 19 43 Jan 25 29% Oct 55% Mar
25 % 25%
20
I)e p re t........................
69% 92
91
91%
89
89%
89% 92%
89% 8. >
91% 92% A m erican I c e Securities. 15,250 35% Jan 2 9 i 7q Sep 25 24% J ’ly 36 D ec
*18
19
*17% L9
*1S
19
10)) 1 7 % May 7 29 % J an 2 z 15% Jau 23 Dec
18
18
*18
10
>17*11 19 A m erican L in seed ............
*39
40
*37
39
200 38 N ov 2 53% Jail 20 36 Jau 48 % A pr
*39
41
*30
4i
*38
40
38
38
Do p re t........................
74% 74%
73% 74
74% 7 4 %
74
74
7,310 53% May 2 78% Jan 4 33 Jan 76% D ec
74
74% A m erican ±x>com otive...
*73^4 74%
< liU % lli% -1 1 0
n o % <1 1 0 % 1 1 1 % *110 113
100 110 % May 2 120% Jan 16 103% Jan 122% A pr
ill
ill
<111 112
Do pret........................
4%
4%
4 ,J’ne29
4%
*4
4%
200
*4
4H
6 i, A p r 6
5 % N ©v
<4
4% Amer. Malt. ctfs. of d ep...
“4
4 *-n *4
5 Dec
400 25 Jan 8 29% Apr 5 24% D ec 26 Nev
*27
27 Hi *2u % 27
27% 27%
26% 27
26% 20 H *26
27
Do prof. ctfs. of d e p ..
31
*29
si
29
30
6UU 25 Sep 15 54% A pr 16
*27
29
*20
30 H* *29
29% 30% A m er Pneum atio Service
*61
63
*00
6*
61% *60
*61
63
63
60 Aug 7 8 5 % A p r 12
* 60
61 % *60
Do p r e f........................
9a
9*
95% 95%
*94% 95% *94% V5
3b0 94% Oct 22 101% Jan 181 97% Sep L02 N ov
•95% 95%
*94% 95% A m er Sm elters Sec pret B
153 155
153- b 154% l o i 155% 153% 1 5 4 % 1 5 .% 154
154 % 156 % Am er. s m e lt’ gtfc R etiu’ g. 51,25u 138 % May 2 174 Jan 18 79% Jan 170 % Deo
110% 1 i 6% < 1 1 6 1 1 7 %z 116% 116 H 116% 117 % 118 U 9
* 1 1 0 ‘4 118
1,820 113 % Sep 28 130 Jan 12' 111% Jan 137 D ec
Do p re t........................
*20 J 2-iO ‘ 2cU 240 +200 240
<200 240 <%:0U 240
. . . . . . 2u0 J ’ ly 6 220 Jau 25 163 May 250 Nav
*200 240 A m erican Snutl.................
•101 107 -101 107
< lu l io 7
<101 107 dlOj. 10 L *101 107
10 1 0 0 % Oct 22 lo 7 Jan -6 99 J an 110 D ec
Do p ret........................
1010
-9% 10%
*9% 10%
10
10
* 10
1 0 % A m erican Steel F ou n dr’ s.
l,40.i
9% Oct 26 15% Jan 17
9 7s #Jg
6 7s J ’Jy 18% Mar
43% 44% <44
310 40 May 2 53% Jan 17 35 % J ’ne 67% A pr
*43
4o% H i “u 43 Si "1 \
*43
43%
44%
44
Do p re f........................
133 I33si 1^3 133 % 132% 183% 132% 132% 132% 133% 163 % 134 A m erican Sugar Retinm g
4,200 127% May 2 157 Jan 8 130 May 154% Deo
182 % ^32 > 1 3 2 % 132% 132 132 *130 135 *130 135
*132 135
400 130 Sep 20 140 Jan 19 133 May 141 Aug
Do p re f........................
137% 137 % ' 157% 139
^.>7% i3 8 <137% 168% *1 3. % 139 *137 ISO Am er. Teieph. & T e le g ...
100 130 J ’ly 18 144 % J an 19 131 Dec 118% Jan
*98% 99 Hi *98% 98%
1,005 96 J ’ly 3 109 Jan 22 91% J an 109% Deo
98% fi,8%
98% 98% *98% 99
99
99 Amer. T obac. (n ew ), pref.
3 i% 34%
3434 34%
34% 35
3,035 32 j ’neSO 48 J an 6 2 0 % Jan 47% N ov
34% 34%
34% 35% A m erican W oolen ............
34*a 34
J-Oo 103
102% 103
915 101 J ’ly 13 110 % Jan 24 93 Jau 108% Mar
102% 103 ^ *102% 103 * lo 2 % 103
103 103%
Do p re f........................
267% 2o9% 270 272
269 270
267 *66% 266 271% 270% 2 73 A naconda C opp er.............. 43,000 223% May 4 300 Feb 10 100% Ma> 295 Dec
115 A u g 29 178 Jan 3 175 Dec #215 Feb
'1 0 5 120 *110 120 <110 i *j O *110 120 * ilO jl20 *110 120
|>rooklyn U nion G as___
*15% ....... *15% 1 7
* 15 % 16 % <15% 17
*13% i / % l> ru n sw . Dock<& C .Im p 'i
13% J !iy 9 21% A p r i l
*15 Hi 17
1 0 % J an 22 % Doc
*54
u6
*64
66
*54
50
*51% 56
5 4*> A pr 16 70 May 9 50 D ec 60 % J an
$56% 56% B u tten ck C o ......................
'» l
5t»
35% 30
3o% 3 5 % 36
85% 35%
36% 37%
36%
37% 37% 4 central L e a t h e r ............
3,8U0 34 Oct 26 49 % Jan 24 40 Sep 47 % Oct
102 *2 103 *101% L04 *l o l % 103% i l u l 34 102 h i *101 104
102% 102% V J Do p r e f......................
455 100 J ’ly 3 107% Jan 24 102 % N ov 105% N ov
51% 52
0*
63%
50% 52
51% *2%
51% 53% Colorado *Fuel & i r o n ___ I7,00o 40% May 2 83 % Jan 26 38 Ma> 59 Mar
50% 52
*81 100
*81 100
85 J ’ ne29 112% Jan 29 80 A us 105 Mar
*bl 100
*81 100
*81 100
*81 100
Do p ref.
^0 7» 20%
n o 's 2 0 ^ Col. <& H ock . Coal <fc Iron.
1,820 17 May 2 26 'b Jan 31 11% May 20 D ec
20
20%
20% 20%
19% 19%
19% 19%
139 139 *138 14 0
139 139
1,700 130% A pr 27 i s l % j an 23 175 Nov ^14 Mar
138 139
138% 139
139% 140 Consolidated Gas (N . Y .).
20
20
19% 20 Corn P rodu cts R e fg .........
2,600 18% J ’ iy 13 28 ^Lpr 4
*19% 20
19% 19%
19 % 19%
19% 20
76
75
75
75
76
75
74% 75
75% 75%
1,000 74 ^2 May 2 85% A p r 2
*75
75%
D o p ro l........................
09
69%
6,751 5L Jan 30 74% sep 2o #34% Jan 54% D ec
68% 69%
69
70 D istillers S e cu rit’ s Corp.
69
69%
69
69%
6 S-4 63%
81% Jan 3 87 % Jan 19 76 May 89% Feb
- ........ 80
*......... 80
* ......... 80 * ......... 80
* ........ 80
Electric Storage Battery.
* ......... 80
*165 175
*1'jo 175 ♦165 1 7 5
174 174 Federal M in in g & Sm elt’g
100 138 Jan 4 199 j an 22 60 Jan 145 N ov
♦165 175 -15 5 174
96
97
<95
97% •»*
96% 96% $97
97
*96% 98%
460 91 J ’ly 3 l l 2 % Jan 52 75 Jan 11U % N ov
Do p ref........................
97
*173 % 174 % 1 /4 174
174 1 7 4
173 174
173% 174
175 175 General E le ctric................
2,090 160% J ’ly 13 184 Oct 9 169 May 192 Mar
17 Si 17 Hi
1< % 17% >17
17% 17%
1734 18% I nternational P a p er.......
18
17% 18%
7,300 16 -j Sep 1 a 26% Jan 15 18% J ’ne 25 % D ec
82
•81
81% *81
81% 817e $82% 82%
676 80% se p 22 90 Jan 13 76 % Feb 88 % Dec
S l% 81%
S i ’8 8L'S A Do p re f........................
*50% 62
____ 48 Sep n #95 Jan 29 48 Oct lu o Feb
*6 1
5 2 % ♦50% 62
*50% 52
*50% 52 International P o w e r.......
*50% 52
45% *44
4 4 % *44
*42
45
44% 44% *43
45
900 28 Jan 15 60 May 8 26 D ec J0% Feb
*44% 45% In tern at Steam P u m p ___
82
82
81 Hi 81 H *80
*80
82
40o 79 Jan 11 93 M ayl4 78% May 88% A pr
81% 81 % *80
Do p ret.............. “. ____
81% 81%
76
76 H?
*6% 76%
76% 7 0 % *72% 74%
73% 76%
76ia 77% K n ick erbock er Ice ( Chic> 12,960 54% J ’ly 6 84% Sep 27 10 Jan 63 D es
75% 7 o *2 75% 76
74% 7 5 %
74
74%
73
74
4,820 62 May 2 77% o c t 24 52 Aug 69 % Dec
74
7 i% \[ ational B iscu it............
i.1 Do pref
5o 1 1 3 ^ J a n ^ 118 % Oct 8 110 Aug 120% Mar
$117 117
13% 13% *13% 14
* 3
14
*13% 14
13% i3 %
700 12 May 2 -1 8 % Jan 15 11 Aug 31 % A pr
1358 13% Nat EnameungtfeStamp’ g
88% *84
82 Sep i ri 88 w
2 M ar s 80 Aug 94 A pr
88% *84
*'-»
^8% *84
88 *2 *84
88H
Do p r e f...................
8 ^% <84
74 b 74 22 74% 74%
74% 7433
74
74%
74% 74%
5,700 66 May ^ 9 5 Jan 19 24% J an 89 H2 D ec
75% 7638 N ational Lead.....................
• 102 103 Hi $10 3% 103% *102% io3% 103% 103% *102% lu3% 103% 103%
Do p ret........................
361 100% J ’ ne 7 106% Jan 2 - 97% Jan 115 % Dec
•141 147
142 1 4 6 % 14 4% 1 4 4 % U 1
140% 142
141 143 N ew Y ork A ir B ra k e.......
4,0 0 133 J ’ly 12 i63 % Jan 5 140 Maj 168% N ov
142
8 8 % 8 S % es9
sy
88% 88%
88% 88% N orth A m erican Co., new
89
89%
1,200 88 Oct 2 d 107 Jau 12 95% N ov 107 A pr
89% «9<*|
37
•34 -u 37 H *3o
*35
So
35
35
*34% 35%
36
36% l>aoitic M ail......................
l.oO o 28% J ’ne^9 51% Jan 19 33 id a> 55% Dec
88% 88%
8b % 88 4
88% 88%
2,2 Oo 88 J ’i y iS 103 Jan 2 97% May 1 15 % A p r
88% 89
A eop. Gas-L.<fe C. (Chic.H
88
88 “e *88% 89
1 0 % 16 ^
16% 1 6 %
16%
•15 Hi 10%
L6% 16% Pittsburgh Coal Co...........
900 13% May 2 17 o8 Mar31 12% J ’ ly 21 id ay
16% 16% *16
08
59
68 "4 5o%
53% 59%
59
59
*58
60
59% 59 *4
Do p r e f......................
1,000 50 J ’iy 3 62 % Jan 19 45 % J’ly 80 % May
54
54
5 4 % 5 4%
54
54%
54
54%
54 -y 54 % Pressed Steel Car..............
53% 54
5,900 43 May
6J '« Jan 24 33 % J?n 58% Dec
*98% 99 S* $99 -4 9 9 ‘4, *98-/4 99 ^ *98% 0 9 % *98% 100
*99 100
D o n re f........................
10 95 May 2 10o Feb 1 87 Feb 101 % Oct
20 L% 2 6 1 % 202 262 % 26 • 260 £25 7 % 257% 259 253 % 260 260 Pullm an C om pany..........
1,986 2 1 8 J ’Jyv 9 268 sep 2 a 230 M a> 35 8 Aug
52
3J
5 *•% 51 %, 51% 51%
52%
51 k2 5 L% *51
oU% 51% f > ail way Steel S p rin g ...
1,400 44 May 2 6 2 % Jan 15 30 May 63 % Dec
*98 % 103
*y*8
10 3
97% J ’ly 13 107 Jan 2 ,! 9 3
*98%i(#3
*98% 103
*98% 103
*98% 103
i A Do pret........................
J a n I ’fO
Nov
3o% 36
8 0 Hi i i j ° 4
35 l4 30 %
22% May 2 4 0 % Sep f a ! 15
35% 3o%
35% 36 R epublic Iro n
34% 35 %
s te e l...
Ja n
3 o*8 Dec
I-Lo-^jau
1.
97
97
*90% 97
97% 97%
9 /% 97%
97
98
Do p rof........................
97% 98
2,600 91 May 2
67 J a u D'8 D ec
*71
72
71% 7 2
72
72
72
72
72% 73 v < loss-Sheiheld St. 6 c Iron
*71
72
1,500 68% J ’iy 13 97% Jan 12 60 J a n 118 % Feb
*104% 105 *104% 106 *104% 1#6 <104% 106 *104% la d * 1 0 1 % 1 0 6
1 0 1 Oct
l i 3 A pr 3 LOO Jan 130 Feb
O
Do p ro f...................
. . . . . . — ... 1 -> * % 157 % 158 158% *156 159
153 160 Tenn. Coal, Iron 43 R ii. .
Jan 2 #165 Janl2| 68 Jan 118 Deo
<157 160
6 0 u 129
•o4
83 j *84% 88
*84
gs
6U May 2 88 O ct 2 j 37% Jan 66 Dec
-85% fcS re x a s Pacific Land T ru s 1
8 6 % 0 6 % *85% 83
100
. . . . . . ..
$6
•
8 5 o | lie
5 % Sep 7 15 % ja n 19:
6
6
$6%
6% J Jnion Bag 6 c Paper
15 % Oct
350
53
. . . . . . . . . . . . *51
53
53
*51% 53
52% 52%
290 52 Oct 15 84 j an 18 68
Jau 82% D ec
4 6% 40%
4 '9 40 •* 47
47
47% 47% CJ. S. Cast 1. P ipe 6 c I?'oun.
47% 47%
46% 40%
2,430 43% May 2 63 J a n lT j 1 9 % J a n 48 % Dec
89
8 d«% 89% 89%
91
91
D o pref
89% 89%
1,256 89 Oct 2b 96% Jan 2-4 79% Jan 9 t % Apr
*120 1^7 *120 130 *118 125 *118 125
•120 i2 5
109 May 1 138 % Jan 26 m o Doc 134 Feb
*113 123 United States E x p re s s ...
*&0
So
*80
.-8
7 0 A u g ib 9 1 -v Jan 20 7 7
*o9
h*
*80
85
*80
85 U S R ealty 6c lin p io v e ’ m
*80
85
Jan 98 % Mar
2?7a 30
31
31 | 29% 30%
•28
32
*29
30
30% 31
U S R eduction 6 c R e h n ’g
3,400 24 Mar l 40 ‘6 j*n e 5 18 Fob 40 % A pr
72
70
70 | *68
7 0 i8 71Sa *70
*69
73
71% * 7 0
73
Do prex.................
600 60 Mar 22
f'n e 6 35 Jan 7 3 % Aug
60 % 50 %| 49 % 49%
49
49%
49% 49%
49
49%
49% 50% United States Rubber
3,7 5 0 38 J ’Jyr3 59% o c t 2 33% Jau 58 % sep
106% 107
10 j% lo 7 % 1 0 6 % I 06 l4 106 106% 105% 1 0/% 1 0 / 1U7%
J ’iy 13 #115 J an 15 y 8% 5 an 1 I 8 % Apr
D o 1st p ro f...........
3,167
*70
77
*70
77
<75
77
*75
77
$77
7/
<76
77
Do
2d p r e f .............
20 75 M*y 2 #87% Jau 151 75 Nov 83% Dec
46% 47 H 4<ns 48%
47 >8 <7^4
47
47% United States S teel.......... 419,565 52% J’ iy 13 ,J0 l4 V.4CC 12 '24% d »> 43% Dec
46% 47
46
4?%
106 % . 00 St 100 4 100% 1 0 6 ^ 1 0 7
Do p re f................. .
106% 106% 100% 106% 106% 107
25,9 to 98% J ’iy 3 1 13*4 Jan 20 90% May Lu7 Deo
37
3 1 H 3 <“4 37%
3 7 % 3 7 % $36 4 3 6 % * 3 W 53
*36*i 38 Virginia-Carolina Chem ..
1,L5U 31 J ’ly 3 58 Jan 2 28% Sep 68% Dec
< 1 8 111% 1 1 0 i t o
• lo s l l o
$109 109 <106% 111% 110% 110%
Do p re f.....................
440 104 J ’ly 3 117% Jan 2 103 % M ay 118% Dec
*53
on
o3
53%.
64
55
55 % 55%
54% 55% Vir'fLnia Iron Coal 6 c C ..
56
56%
1,956 38 May 2 69% o c t 12 36 J ’ne 52 % Feb
{800 300 *298 505 ' *298 302 *297 301
<290 300 *290 302
\\j ells F argo 6 c C o.......
34 233 Mar 2 3 305 O ct 26 $226 % D ec 200 Feb
8^ % 8 0 % 86 4 8 6 %
e0% 86%
86 % 80%
86
86% ' 1 est’ n Union T ele’ gph
86% 80%
1.713 86 Sep 2 l 91 % Jan 56 92 Jau 95 % J'ne
*150 154 *151 15©% *153 156
153 % 153 *e 151 154% 154 a 154% WeHt'gh’soE i 6 c A1 fgassen
500 148 Aug 30 176 J ail 5 152 May 1 8 4 Apr
•160 180 *100 ia o
Do 1st p ref..................
. . . . . .
*150 180 j<150 180 <160 165
...... L80 J ’ ne26 188 Jan 22 \ 87 % Dec 1i 9 ? Api
111
111
111% 111% *110% 112
<109% 112
BA^sIOS A N D TRUST C O M P A N IE S -B R O K E R S ’ QUOTATIONS
B anks
U n«nn E xclt*
U S Exch&'fc*
W a s h . H*|it©'
W e s t S i d e ',..
Y o r k v ille H ..
B id
A sk
220
125
2*25
660
490
225
130
......
Ba.uk©
B id
A s k | T r u j jt C o s ,
B id
EltOOSXYN
Jf. T. CITT
B ankers’ T r. 510
14©mo B ank* 160
Bo wl’ gGrcen 440
Manulacir.V. 400
BroadwayTr. L5(J
MuChaBACe* _ 290 305
Cem cui T r ’et 2050
N a s s a u .......... 260
C o lo n ia l....... 385
27 1
B R O O kL Y .S'
N a t C ity....... 300
C olam ina___ ......
N orth Side1 .
4 6
Common w’ th
B o r o u g h !1. . .
i 60
. . . . . ProHpectPk* 159 165
Ein ju re ........ 310
fe r o a u w a y 4 . iUO
. . . . . . Term inal___ 140
Equitable Ti 11’ fj i.
B r o o k ly n * . 135
145
U u t o n l ........ 225
1 :> Kanu 1 ,<t 6c IH .......
t Bid ana asreti price*; no ©aiea on this day. $ Iamb than i 00 snares.
*S a 1o at Stock E xchange or at auction this week o E x stock dividend.
....... First.............. 390
A sk i T r u s t C o ’s
Fifth A v e T r
F u lton ..........
G u a r uity T i
565
Guardian Tr
4 60
H udson
155
K nick ’ rb’ k’r
50 Law T I <fcTr
395
Li a coin T r ...
240
Manhattan ..
90
M e rc a n tlie ..
1*20
Metrojiolitan
..... Morton'lhuei
1425 M u tu a l........
T Ex-rights,
Bid
A sk
565
300
3 30
520
2 58
no
1150
285
295
390
105
175
495
850
505
580
800
B id
203
W in dsor....... 2 3 0
240
130
b N ew stock.
t Trust Co. certificates.
A sic j T r u s t C o ’ s
BROOKLYN
215
1 0 1 0 I Brooklyn Tr
990
Citizen.'.*.......
12 5
F lalb iu jli___
410
440
F r a n k l i n ___
570
580
H am ilton___
i65
755
1390 i 4 1 0 H om e............
J e n k i n s ........
425
440
K i n g s C o ___
U n it S t a t e s
1320
L I hi L t f c T r .
Van N 'd en T r
■ 330
X a ssa u .........
. . . . .
W ashington. 400
T ru st C o’s
Mut. A lliance
, N Y LlfedfcTr
New Y o r k Tr
StandardTr’ t
T itloG u iSc T r
Tr Co of Ain.
Union Trurit
U S M t g 6c T i
c E x-dividend a n d r ig h t s .
400
2 i0
325
330
. . . . .
180
. . . .
350
350
185
200
450
310
315
265
People’s ....... 3 2 5
W illia m 8b ’g.
Ask
B id
350
12 2 0
*| Banks marked with a paragraph (!I) are State bonks.
m
m
10F0
New York Stock Exchange— Bond Record Friday, Weekly and
O C C U P YIN G !
BONDS
N . Y. ST O C K E X C H A N G E
W
eek
O,
P rice
F'ov 2
E ndwq N ov 2
B id
Auk
104 4 104%
3 0 4 ^ Sale
102 ^ lt)3 %
1024103%
veniineiii
U S 2s consul rogifitered.rfl03&
U s 2s co n so l co u p o n
d 1930
U 8 3s r e g is t e r e d ............ /cl9 16
U S 3s c o u p o n ..................../cl 918
U S 3s reg sm all b o n d s ..>.'1918
U S 3s con sm all b on d s. . k 11)18
U S 4s r e g is te r e d ............../il9 0 7
U S 48 c o u p o n ................... / i l lJ 07
U S 4s re g is te r e d ................. 1926
U S 4s c o u p o n .......................1926
U S P n n C n n 10-3<)yr 2 s .fc l9 :* ;
PJvihopine isla n d s 4 s. 1914-34
P n b iv k '’ and im p r e " 4s 1936
P u b w k s and im p r e g . . . 1936
io 2 Q
102 102 %
102% 8al©
130 130H
3 30 1H0 4
104 Hi 105 4
109 .........
Lot*
s z
o o
R ange
Since
J a n u a ry J
H\*A A’* Low
f fty k
1034106 s
105 4 Sep’<
104 4 104 . SOI fl 03 104 4
102*4 1 0 3 4
103 4 Aug’06
103 4 103 4 ” ’ i 102 1 0 4 4
107 J’ nert)2
104 4 Oct y(
1024 102 . 3 ;- <02 10U*4
1 102 4 1 0 4 4
1024 1 0 i4
129 1 3 1 4
1314 Sep *06
13X4 1314 16 1 2 9 4 1 3 2 4
106 4 Oct ’06
10541054
111 May’06
108*4 H I
974} 69 96*4
97 4 124 97
92 213 9 0 4
89 4M 69 8 9 4
8 2 4 79 82
61 1 0 1 4
1 104% ....... 1034 104
5 98
98
t 9 7 Q 99
98
94*4 Sale
944
94*4 20 9 2 4
he$e a r e p r ices o n th e b a/rtfi o f $5
X
t
j
t
S t a t e S e c u r it ie s
A labam a c u r r fu n d 4s ....1 9 2 0
D iet o f C olu m b ia 3*66s___ 1924
L ou isia n a n ew con sol 4 s .. 1914
N orth C arolin a con sol 48.1910
6 s ............................................1919
S o C arolina 4 4 s 20-40........ 1933
T e n n n ew settlem en t 3 s ..1 91 3
S m a ll............. .....................- ........
V irg in ia fu n d d en t 2 -3 s..-1 9 9 1
6s deferred B ro w n B ros c tfs .
97 % Sale
9 7% Sale
9 1 Hi Sale
89% Sale
81*4 82*4
102
116
1004
101
126
96
99
94 . . . .
' 9 6 % ....
......
25
A -O
A -O
J-D
Q-J
93
94
101 Sale
100 101
106% Sale
Nov
92Q Sale
N ov
M-N
F-A
F-A
F -A
FA
F-A
FA
MS
92 4 Sale
100 ........
984100
97^0 . . . . .
96 4 ........
95
.......
9 2 * 4 ........
9 4 4 ........
97 4
974
914
8 9%
82
M ar’ 02
m
1 1 7 4 J ’ ne’ 06
166 4 D e c ’ 04
101 J ’ l y ’ 06
123 J ’ n e’ 06
120 M ar’ OO
96*4 A u g ’ 06
95 4 D e c ’ 04
954
6
954
24
2 Of
25
93
10 0 4
1004
1054
104*4
92Q
95
924
994
994
10 0 4
96 4
984
97
95*4
1014
1014
954
934
88
108
1014
96
to £ .
BONDS
N. Y. S T O C K E X C H A N G E
w kkk E nding N o v 2
I
P rice
F rid a y
K ov 2
h ia
Abh
1 0 1 4 .........
128% 129
124 3 2 /%
R e g is te r e d .................. A198^
Am Dock cfe Imp gu 5s.. 1021 t l ......... 11.;
Le & Had It gen gugus 1920 J -J 105 .........
Leh & Wilks B Coal 5s..1912 .M-N 1 0 0 % .........
Con ext gnar 4 4s__ gl910 Q-* 100% 101
N Y <fe Long Br gen g 4s 1941 M-S
Co*t Pacific See So Paortic Co
Chas & Sav See Atl Coast Liih*
Chea <fe Oliio g 6s ser A..A19<^ A-O 102 105
Gold 6s....................... al911 A-O 105 S hI©
Oen RR <fc B of Ga col 2: 5s 1037 M-N
Coat of N J gen’l gold 5s. 1987 J -J
let conaol g 5s.............. 1939 M-N 1 , 6
......
101
122
101
122
954
96*4
94 4
20
964
29 4
6 90
93
99
io i
78 100 104 4
O ct ’ 06
9941034
1 0 6 4 711 1 0 0 4 1 1 0 4
O ct ’ 06
100*8 1 0 8 4
9 6 4 i o 91
97*4
Sep ’ 05
97
9 4 4 27 91
M ay’ 05
O ct ’ 06
98*4 99 4
J a n ’ 06
10041004
O ct ’ 06
964 964
N ov ’ 04
O ct ’ 04
A u g ’ 06
95*4 1 0 1 4
97*4 Sale
974
98
34 9 7 4 1 0 2 4
149*4........
13241324
1 2 6 % ........ 1 3 2 4 J an ’ 06
A-0 1 1 2 4 ....... 1124 J a n ’ 04
M-N 109 ........ 1 1 4 4 N o r ’ 06
9 2 4 .......
J-J
9 9 4 M a r’ 06|
99 4 9 9 4
M-N 89% 903s 9 2 4 O ct ’ 06
90
954
J -J
9 6 4 ......... 9 7 4 A u g ’ 06
95*4 9 9 4
M-S
J-J
A-O
J -J
Q-J
A-O
Q-J
M-N
M-N
J -J
n
M-S
A -O
J-J
M-S
93 4
93*4
94*4
96 J ’ n e ’ 06
i o i 4 Sale 101
1014
100
100
......... 100
89 4 ......... 91 O ct ’ 06
9 5 4 96
954
98
91
9 1 4 91
914
89 O ct ’ 06
104*4 107 1 0 8 4 J ’l y ’ 05
100 4 ....... 109 A p r *06
112 . . . . . 1 1 9 4 M a r’ 04
96 ____
96 O ct ’ 0 6
A -O
J-J
F -A
J -D
1 1 7 4 ......... 1 1 7 4 O ct ’ 06
100 4 _____ 1 0 1 4 A u g ’0 6
113 _____ 103 A p r *97
122 ........ 124 A p r *06
125 . . . . . . 123 4 1 W 0 6
J -J
9 5 4 J ’l y ’ 06
J -J
M-S
M-S
J-D
F -A
M-N
M-N
O ct
O ct
Oct
J -D
J-J
J-J
J -J
87
94
10 14 Sale 101*4
1 0 4 4 ........
......... 105
934
95
10 14
1044 1044
105*4 J a n ’06
9 2 4 974
93
95
33 1 0 0 4 1 0 6 S
1 99*4 1 0 3 4
90
92
20 ] 95 4 9 9 4
67 89% 93
8 8 4 89
95
124
127
954
124
128 4
994
100*8 103
2 1 0 3 4 108%
105*4 105*4
90
93 4 O ct *06
1 1 8 4 ....... . 119'
1 1 1 4 Sale 110*4
113
90 S a l e
90
79 Sale
79
72
72
*90
93
1U9
1154
109
115
109
1154
100
11641194
1014 1014
20
95
119 121
32 1 0 9 4 1 1 4 4
113 113
22 90
99
7 79
93
45 72
91
93
944
M ay’ 06
114
A p r ’ 06
90
79*4
73
J ’ n e ’ 06
D e c ’ 05
N o v ’ 05
A u g ’ 051
General gold 4 4a ....__ 1992 M-S 105 4 8ale
Registered................. 1992 M-S
Craig Valley 1st g 5s__ 1940 J - J 1 0 2 4
R A A Div l8tcon g4s.. 1989 J-J 102 >4
2d consol g4s............. 1989 J-J 9o
Warm Spr Val 1st g5s.. 1941 Wl-S 102*4
Greenbrier Ry lstgu g 4s ’40 M-M 9 3 4
Ohio & Alt RR ref g 3s...1949 A-O 7 9 4 81
78 bale
R a ilw a y 1st lien 34s... 1950 J -j
Registered................. 1950 J - J
Clue Curl & Q—Denv D 4s 1922 F-A IO0 4
Illin o is D iv 3 4 s ............... 1949 J -J
1174118
Yearly
P A U ft
R e g is te r e d ...................... 1939 M-N
F o r e ig n (Jovern m ien t
Jap an ese G o v t 6s s terl’ g.1911,
2d series 6 s ..................... 1911
£ loan 4 4 s c tls lu ll p d . 1926
2d series 4 4 s c tls fu ll paid.
£■ loan 4s ctfs fu ll p a id -. 1931
B e p u b o f C u ba 6s e x te n d e b t..
U 8 of M e x ic o s f g 5s o f 1899
G old 4s o f 1 9 0 4 ................. 1964
R a i lr o a d
a labam a C en t See S o R y
x i-la b a M idi See A t Coast L in e
A lb a n y «fc Susa See D el & H uo
A lle g h e n y V a lle y bee Penn R R
A U eg & W e s t See B ull R & P
A n n A r b o r 1st g 4 s ........./i l 9 9 5
A toll T & S F e—Gen g 4 s . 1996
R e g iste r e d .......................... 1996
C on v g 4 s ............................1955
W a rra n ts fo r 5 0-yr c o n v 4 s ..
A d ju stm en t g 48............ /il9 9 5
R e g is t e r e d ...................7il995
Stam ped........................ /il9 9 5
D eb en tu res 4 s S eries E . 1907
S eries F ........................... 1908
S e n e s G ........................... 1909
Series H ........................ .1 9 1 0
S eries 1 ............................ 1911
Series K ........................... 1913
E a s t Ofcla D iv l 9 t g 4 s .. 1928
A tl K n o x & N See L & N
A tla n tic C oast 1 st g 4 s_ftl952
C harles & S a v 1st g 7 s . . 1936
Sav F <fc W 1st gold 6S ..1934
1st gold 5 s .......................1934
A la M id 1 st gu gold 5s ..1 9 2 8
B ru n s & W l s t g u g 4 s ..1 9 3 8
L & N coll g 4 s l ............. 01952
Sil Sp O ca & G gu g 4 s ..1 9 1 8
A tla n tic <fe D a n v See Sou th Ry
A u stin <fe N W See Sou P acific
hio p rior l g 3 4 s . 1925
B a ltR<efcgOiste
r e d ................./il9 2 5
G old 4 s ..............................7LL948
R e g is t e r e d .................. /il9 4 8
P J u n d fcM D iv 1st g 3 4 8 1 9 2 5
P L E & W Y a S y s re f 4 sl9 4 1
S ou th w D iv 1st g 3 4 s „ . . 1925
R e g is t e r e d .................. Til 925
M oDon R iv 1 st gu g 5 s ..1 91 9
Cen O hio R 1 st c g 4 4 s . . l 9 3 0
P itts C lev & T o i 1st g 6s 1922
P itts & W e st 1 st g 4 s ...1 9 1 7
B at C reek <fc S See M id i Cent
B eech C reek See N Y C & H
B e llev <fc C ar See lliin o is C e n t
B k lyn <& M on tan k See L o n g J
B ru n s
W est See A t l C oast L
B uffalo N Y & E rie See E rie
Buffalo R & P gen g 5 s . . . 1937
A ll & W e s t 1st g 4s g u ..l 9 9 8
Cl & Mali 1st gu g 5 s . . . . 1943
R o ch & P itts 1st g 6 s .. . 1921
C on sol 1st g 6s............. 1922
B uffalo & S ou th w e st See E rie
Buff & Susq 1st r e f g 4s.cn.951
Bur C R & N
See C R I & P
la n a d a S ou th 1 st 5 s........1908
C^2d
5 s ................................... 1913
R e g i s t e r e d .................. 1913
C arb & Shaw n See I LI C ent
C arolina C en t See S eab A ir L
C arthage
A d See N Y C & H
C edR la F & N
See B C E & ls '
Cen B ran ch U P 1st g 4 s . . .1 94 8
Cen B ra n ch R y See M o P a c
C ent o f Ga R R 1st g 5 s . . p i 945
C on sol gold 5 s ................... 1945
R e g iste r e d ...................... 1945
1st p ref in com e g 5 s ___ p l9 4 5
2d p re f in com e g 5 s ___ p l9 4 5
3d p ref m com e g 5 s ___ p i 945
Cliatt D iv p u r m o n g 4 s .1951
M a c (& N o r D iv 1 st g 5 s .1946
M id Ga & A tl D iv 5 s___ 1947
M o b ile D iv 1st g 5 s ....... 1946
Week?*
R ange tyr
Lam Sale
F r id a y
K OCH
Registered................. 1949 J-J
Gold 4s.......................1949 J-J
93 4 94
9 1 *4 ____
103 Hi 104
Io w a D iv sin k fu n d 5 s ..1 91 9 A-O
Sinking fund 4s..........1919 A-O
Nebraska Extension 4S.1927 M-N
R e g iste re d ...................... 1927 Wt-N
Southwestern Div 4s__ 1921 M-S
Joint bonds See Great North
Debenture 6s................1913 M-N
Han & St Jos consol 6s.. 1911 M-8
99*4
101%
99% 100
103 104
107%
Wre tc a
R a n ge or
Last Sale
2 ^ <
Range
Since
^ 5 , J anuary 1
Low
A'o j Law
108% \y\Po:
128 Oct ’ 06
j l20%
1264 1264
& 125 4
112% May 06 _ _ _ _ _ _ _ _ j 1i _ %
‘ 32
33 1 %
J13
lu 2 M a r’ o o
10 0 4
io u %
102 4
102%
H
; i 02
|LUO
H igh
1X
102 41024
i1 T % 106 %
105
106 '
1 105 110 4
i 18 4 1 1 6 4
4 il 16 119 4
116 J ’ ue’ U • . . . [i !4 '4 116
105
105 4: 20 103 4 109
104 M ay’ 00 . . . |l04 105
112 F e b ’ 06; . . . 112 112
1 0 1 4 Sep ’ oo
l'»0 102 4
96*4 M *y’ 06
96 4 9 6 \
1 1 3 4 K eb’ 05
99*4 F e b ’ 06.
’3*4 99*4
80
80
78 4 ^2 4
70
78
76*4 82
80 4 M ay’ 05
1 0 1 4 O ct ’ 06
9y*4 102 <4
034
934
91
954
90 Sep ’ O'
90
90
103 *b i u3 4 111 101 1 0 6 4
1 1 0 4 J an '05
99*4 O ct ’ 06
93*4 102*4
103 4 O ct ’ 06 . . . . 102 4 J07
104 l4 May* 06
li> 4 4 1044,
LOO J ’ l y ’ 06
98 100
105 4
1( 8
92
103
132
119
1184
115
O ct *06
O ct ’ 06
O ct ’ 06
103
O ct ’ 06
119
F e b ’ OG
J ’ly '06
Chi© & E 111 r e f & im p g 4s 1955 J - J
1st s f cu r 6 s ........... ........ 1907 J -D 103
1 st co n so l g 6a................... 1934 A -O 1 3 1 4
G eneral co n so l 1 st 5 s ___ 1937 M-N 117 120
R e g iste re d .......................1937 M-N
Ohio & In d C R y 1st 5 a .l9 3 6 J-J 114
C h ica g o & E rie See E rie
O hic fn«fe L o u lsv ref 6 s ...1 9 4 7 J -J 127*8 130 129 4 A n g ’ OC
1 1 3 4 115
114 4 J ’ n e’ 06
R e fu n d in g gold 5 s........... 1947 J -J
105
105 4 Sep 06
L o u isv N A & Ch I s t 6 s .l 9 1 0 J -J
106 O ct *uo
C h ic M il <fe St P term g 5s 1914 J -J 106*4
1 0 8 4 108 4 l c b 4
G en eral g 4s series A . . e l 989 J -J
108 104 4 O ct 506
R e g iste re d .................... e l 989
9 2 4 94*8 94
94 4
G e n e r a lg 3 4 s s e n e s B .e l9 8 9 t .i
1 1 5 4 O ct ’ 05
C h ic & L S u D iv g 5 s ....1 9 2 1 j - j 1 1 0 4
112 4 O ct ’ 06
C lue & M o R iv D iv 5 s .. . 1926 j - j 1 1 4 4
108 A p r ’ 06
C h ic & P a c D iv 6 s ........... 1910 j - j 106*4
113
C h ic & P W 1 st g 5 s ....... 1921 j - j 112 1 J3 118
110 J ’ n e’ 06
D a k & G t So g 5 s..............1916 j - j 106*4
1 3 / 4 J ’ l v ’ Oii
F ar & Sou assn g 6 s........1924 j - j 122 l4
110
110
H ast & D D iv 1st 7 s ........1910 j - j 109 4
106 A u g ’ ()4
1st 5s................................. 1910 j - j 1024
182 4 A p r ’ 06
I & D E x te n 1st 7 s ......... 1908 j - j
111 4 M ay’ oo
1104
L a C rosse & D 1 st 5 s___ 1919 j - j
106*8 Apr*05i
M in era l P o in t D iv 5 s___ 1910 j - j 102 4
S o M in n D iv 1st 6 s......... 1910 j - j 106 108 1 0 5 4 S e p ’ 06
1 0 4 4 M ay’Ob
S ou th w est D iv 1 st 6 s ___ 1909 j - j 105 4
112 O ct ’ 06
W is <fc M inn D iv g 5 s . . ..1 9 2 1 j - j 112
106 Aug* 06
M il <fc N o 1st M L 6 s. ...1 9 1 0 J-D 1 0 5 4
115 Feb’06:
1 st con sol 6 s ...................1913 J-D 1 1 2 4
125
Chio<fc N o rth w con s 7 s ___ 1915 0 -F 120 1 2 2 4 121
1024 J’lv’06
E x te n sio n 4 s ......... 1886-1926 F-A 1 0 0 4
994
1U1 J’ly’06!
R e g iste re d ........... 1836-1926 F-A
96
964
97
G en eral g o ld 3 4 s ............. 1987 M-N
96 103 N o v ’ 98
R e g is te r e d ...................p l9 8 7 Q-F
11 O ct ’06
S in k m g fun d 6 s ...1 8 7 9 -1 9 2 9 A-O
119* 114 4 F e b ’06
R e g iste re d ........... 1879*1929 A-O
S in k m g fu n d 5 a ...1 8 7 9 -1 9 2 9 A -O 106 4
106*4
06*4
10 <4 J ’ n e ’ 06
R e g iste r e d ........... 1879-1929 A -O
U 01
104
D e b e n tu re 5 s .....................1909 M-N 104 4
1 0 i S e p ’ 06
R e g iste re d ...................... 1909 M-N
107 4 107 4
D eb en tu re 5 s.....................1921 A-O i b e "
108*4 Jan 04
R e g iste re d ...................... 1921 A-O
1 1 3 4 O ct *06
S in k m g fu n d deb 5 s ....... 1933 M-N 1*13*" 115
117 F e b ’ 06
R e g iste re d ...................... 1933 M-N
D es M o & M inn 1st 7 s ..1907 F-A 101 %
105% D e c ’ 05
N o rth Illin o is 1 st 5 s . . ..1 9 1 0 M-S 102
1 0 1 4 Sep ’ 06
OU C F & S t P a u l 1st 5s 1909 M- S 1 0 1 %
102 4 J 'u e ’ UG
W in o n a & St P e t 2d 7 s . . 1907 M-N 1 0 0 4
123 4 Sep ’ 06
M U L S & W est 1st g 6s 1921 M-N 122
116 h, O ct ’ u6
E x t & Im p s fu n d g 5s 1929 F -A 115%
142 4 F e b ’ U2
A sh lan d D iv 1 st g 6 s .. 1926 M-S 125*4
128 4 F e b ’ OG
127 4
M ich D iv 1 s t g 6 s ......... 1924 J -J
101 O ct ’ 06
C o n v e rtib le deb 5 s ___ 1907 F-A 100 %
98
109 Sep ’ 03
I n c o m e s ..........................1911 M-N
1 1 9 4 119 Okie R o ck l s l & P ac 6 s .. . 1917 J -J 118
117 4 J ’l y ’ 06
1174
R e g is te r e d ......................1917 J -J
G en eral gold 4 s . . . ............1988 J -J 102 102 4 101 % Lu2*f.
106*4 Sep ’ 06
R e g iste re d ...................... 1988 J-J i o u 4
93 c
9 2 4 *9*3* 93 4
R e fu n d in g g 4 s ............... 1934 A-O
93% 97 J ’ i v ’ 04
C oll tru s t S e n e s H 4s ..1 9 1 0 M-N
*94*
J 4 s ............................................1912 M-N
9 /% D e c ’ 05
96 N o v ’ 05
M 48............................................ 1915 M-N89 4
93 M ay’ 0 4
88*4
N 4 s . . . ...............
1916 M-N
89 4 M ay’ 06
O 4 s............................................. 1917 M-N88
87
90 M ay’ 04
P 4 3 ...................................1918 M-N
7 7 4 78
774
80
C hic R I <& P a c R R 4 s ..2 0 0 2 M-N
79 D e c ’ 05
R e g is te r e d ..................... 2002 M N
91 SaTJ
91
92
C oll tru st gold 5 s ......... 1913 M-S
102 4 M ay’ u6
Bur Ced R & N o 1st 5 s .1906 J -D
Con 1st & col tr g 5 s .. . 1934 A-O 116*4 Sale 116% 116*4
R e g iste re d ............................ 1934 A-O
l 2 0 4 M a r ’ 03
O R IF <fc N W 1st gu 5 s. 1921 A-O 10*7*’
111 N o v ’ 05
M & St L 1st g u g 7 s ..1927 J -D
C h oc Ok & G gen g 5s .01919 J - J
105 % A u g ’06
C on sol gold 5 s ............... 1952 M-N 108
111 M ay’ uB
Keok<& J > e s M ls t 5 s ___ 1923 A-O
1 0 9 4 109 Sep ’ 06
O hic
i. & N O se e 111 Cent
1 0 2 4 107
108 1 1 2 4
92
96*4
102 4 104%
1 2 v*4 139
L16 4 1 2 0
11841184
1144118%
1294137
113 4 114 4
105 4 1 0 8 %
10 6 1 0 8 4
L 0 64 1 11
. . . ,1 0 4 4 1 0 4 4 .
1 1 9 1 4 97
. . . 112 1 1 8 4
...1 0 7 4 1084
7 1114115
... 1 0 7 4 1 1 0 4
... 1
1 !iio
13
. '1 8 2 4 182 4
11141134
105
104 4
112
106
115
1194
102 4
1 u8 *4
106*4
115%
1 0 S*4
115
126
105 4
101
102
95
100 4
111 113
1144 1144
25 106*4 109*4
10741074
6 101 104%
101 101
*2*5 105 4 1 1 2 %
li3
L17
117
117
1014101%
102 4 1 0 2 4
122 4 1 2 6 4
114% I 18
1284 128 4
101
ioi
D 1*1*7 %
1174
2*8 99
99
59 9 2%
12 0 %
U 94
103%
102
97
894
894
81
45
75% * 8 1 4
8S 4
93%
100% 102%
’ *3 116% 119%
105
106%
111
111
1US
111%
iV fii^C E L L A N E O jJbi B O A O ? ;— Lonrinue^l on i^ext P a g e .
s t r e e t R a ilw a y
B ro o k ly n Rap T r g 5 s ........1945
1st refu n d c o n v g 4 s ___ 2002
B k C ity 1st con 5 s . 1916.1941
B k Q Cotfe S con gu g o s . 1941
B k ly n U n E l 1st g 4-5S.1950
Stam ped gu ar 4 -5 s____1950
K in g s C o E l 1 st g 4 s ___ 1949
Stam ped gu ar 4 s ___ ..1 9 4 9
N assau E le c g u g 4 s ___ 1951
C on n R y & L 1 st & ret' g 4 4 s ’ 51
Stam ped su a r 4 4 s ______1951
D en c o n T r C o 1st g 5 s . . .1 93 3
D en T ram C o con g 6 s .. 1910
D e t U n ited 1st con g 4 4 s . 1932
H a va n a E le c con sol g 5 s. 1952
In te r -M e t co ll 4 4 s ..............1956
In te r n a t T r a c coll tr 4 s .. 1949
L o u is R y C o 1st con «- 5 s .. 1930
A-O
J -J
J -J
M-N
F -A
F-A
F-A
F -A
J-J
J-J
J -J
A-O
J-J
J -J
F-A
A-O
J -J
J -J
*No price Friday; latest price this
105
105
95 bale
94 4
109 105
100
307 4 Sale 107
110
91
90*4 9 1 4 9 0 4
85%
85% 36
1 0 3 % ......... 102
102 103 4 1 0 1 4
95
....... 93%
....... 93
82% Sale
....... 79%
1 0 5 4 12 1 0 4 % 1 0 9
95% 56 92 100
O c t ’ 06
105 107
O ct ’ 06
100 104
108
47 1 0 5 4 113%
F e b ’96
110 110
Sep TJ6
90
95
96%
9 0 4 10 89
2 85
85%
89 4
M ar’uS
102 102
O c t ’ 06
10b % 10*2 %
J ’n e’ OO
93%
93%
92 Sep ’06
82 4
82% 42 b
79*4 Sep ’ 06
109 M ar’ 98
week.aDueJan
1
—
if Due Apr
93%
93
96 4
95%
80% 90%
79
84
e Due May
S tr e e t R a i lw a y
M an ila E le c 1st & co ll 5 s .1953
M et s>t R y gen coi tr g 5 s. 1997
R e f g 4 s .............................. 2002
Bway<fc 7th A v l s t o g o s 1943
Coi <fe 9tli A v l s t g u g 5 s . 1993
Lex A v & P F 1st g u g 5s 1993
T h ird A v e R R con gu 4s 2000
T h ird A v e R y 1st g o s . .1 93 7
M et W S El (Clue) 1st g 4 s . 1938
M il El R y & L 30-yr g 5S.1926
M in n S t R v 1st co n sr 5 s . . 1919
N Orl R y & L t g en 4 4 s ..1 9 3^
St P a u l G iiy Cab co n g 5 s. 1937
U n dergrou n d o f L o n 5 s . . w190S
U nion E l (C hic) 1st g 5 s ..1945
U nited R R s San F r s f 4 s . 1927
U nited R y s St L 1st g 4 s .1934
W Cvh ic St 4 0-yr co n g 5 s .1936
gDueJ’ne ADue J’ly
M-S
b’-A
A-O
J-D
M-S
M-S
J -J
J -J
F-A
F-A
J -J
J -J
J -J
J -D
A-O
A-O
J -J
M-N
tc Due Aug
98 M ay’ 06
108% 108 4
83%
85
112 4 O ct ’ 06
115 O c t ’ 06
1 1 3 4 O ct !06
90 4
91
1154
1154
9 3 4 J ’ t y ’ 06
109 J ’l y ’ O^
1 0 7 4 F e b ’ 06
90% 90 4 Sep ’ 06
114 4 N o v ’ 05
94 4
94%
94
95
106% J ’l y ’05
83 Sale
83
83
85% 86% 86% O ct ’ 06
9S4
108 4 Sam
84
86
111 113 %
1134114
112
90% Sale
115 4 bale
91
94 4
1064111
0 Due Oct
I
; 93 10 0 %
8: 108 117
92
7 S3
110 116%
113 1 1 9 4
112 1 1 6 4
31* 9 0 4 95 4
10 1 1 5 4 1 1 9
93 4 9 3 4
109 109
1074 1074
. . . .
89% 92%
. . . .
0
. . * .
934
98%
71
85%
90
88 4
pime.Noy s Option bate
New York Bond Record— Continued— Page
Nov. 3 1906
BON D>
N. Y. STOCK K X C H A N G E
W ekk
E n d in g N o v
S.5
2
Lrrce
JfYiday
Nov 2
R an f t *r
Last Aale
It
A’a n .<70
Since
J an u ary 1
But
Ask Is<n9
Chic S t L i'o Pitt* See Penn G<
*4jfA No Lmtf m o *
189%133% 133 Oct w e
.131 130
Chic St P M A O con Os...1 9 30
92 V ......... 93 D ec *1)3
Cons 6s reduced to 3V.-s .10S o
133V
129
Va.........
Oct
'06
131V 135V
CU St P <ft Minn 1st srGs 191^
128 Vi......... 120V Mar *04
N or W isconsin 1 s t 6 s.--10 3d
118
V
i
120
Oct
*06
U 9 V l ‘-*4V
St P & S City 1st a 6s . . . 1919
119V
10 1 V M «y’ 06
io o v 10 1 v
C hicago T er Trans g 4 s .. .194
y
(*4
96
96
96 1 0 0 *
Coupon o r t ................................
170 114 V
112V Oct ’06
Chic <ft W eat I no gen g 6s ?1 932
97% 99** 97 V Oct ’06
9 7 V 98
Consol 50 year 4 s ............ 1952
Chic eft w M ica see Pere.Marq
Choc O & Gull See C R l & P
118 Oct ’0*>
Cin H eft D 2d gold 4 % s ...l9 3 7 J-J
107 A u g ’06
107 112
Cin D A I 1st cm c 5 s ... 1941 M-N 104 Vi
C Find A Ft W lstg u 4 sfi.*2 3 M-N
91
Mar’
OC
91
yj
Cin I A W 1st su g 4 s .1953 J-J
O I St JL» A O See C O C A St L
Cin S A C See C C C S t L
Clearfield A Mah See B R A P
100 V 105 V
Clev Cin C A St L gen g 4s 1993 J-P 102 Va Sale 102 V 102 V
100
100
100 100%
Cairo D iv 1st gold 4 s ....1 9 3 9 J-J IU0
100
98
98
A
u
g
’06
98 101V
Cin W A A1 Div 1st g 48.1991 J -J
97V* 100 is 10 0
10 0
98 V 103
St L D iv 1st col tr g 4 s .. 1990 M-N
100 O ct ’ 04
R egis te red.................... 1990 M-N
99V
Feb
*05
Spr A Col D iv 1st g 4 s ..1940 M-S
99 V,
98 Sep *06
96
98
W W Val Div 1st g 4 s ...1 9 40 J-J
105 Jan *04
C I St L A C consol 6s. .1920 M-N 102%
99 Va 103 Vi 1 0 0 V S e p *06
1st gold 4s............. ^...£1986 Q-F
>9V 103 V
101 M ay’06
98 Vi
101 103
R e g iste re d ...............k l9 3 6
I
lia
*
113
V
J’
ne’
06
112 V 115
Cin S cfe Cl con 1st g 5s. .1928 T . I
118 V P l y ’ 06
[118 V 1 2 2
0 C C A I oonsol 7 s......... 1914 J-D 120's
Consol sink fund 7s___ 1914 J-D
134 F eb *06
134 135
General oonsol gold 6s. 1934 J-J 132 %
R egistered.................. 1934 J-J
103 104 V N oy*01
Ind Bl A W 1st pret 4 s .1940 A -0
O Ind A W 1st pf 5 s ...til9 3 8 Q -J
97 V 97 V O ct ’ 06
96 V 101
Peo A East 1st con 4 s . . . 1940 A - 0
73%
72
73V 26 69
80
In com e 4 s......................1 9 90 Apr
112 V O ct *06
Cl L or A \Vh con 1st g 6 s .1938 A-O 112V)
112V H 5 V
Clev A Marietta See Penn RR
116 V Jan *05
Clev A Mahon Val g 6 s ...1 9 38 J - J 112®i
C ler A Pitta See Penn Co
75
74
S 71
76
74
Col M idland 1st g 4 s......... 1947 J-J
79V
92
93
92
92 V 12 91
Colorado A Sou 1st g 4 s ...1929 F-A
96 V
Colum A G reenv See So R y
Col A H ock Val See H ock vai
Col A T ol See H o ck V al
Col Conn A Term See N A W
Conn A Pas R iv s 1st g 4 s. 1943 A - 0
A Gt So See C M A St P
D ak
alias A W aco See M K A T
104V Apr*06
104V107V
Del Lack A W estern 7 s ... 1907 M-S T 03
120 J ’ne’ 06
120 126V
M orris A Essex 1st 7 s ...1914 M-N 120 V
122 Sep *06
fL21 127
1st oonsol guar 7s....... 1915 J-D 122%
127 J ’ ne’05
R egistered.................. 1915 J-D
1st ref gu s 3 V s...........2001' J-D
N Y Lack efifW 1st 6s . . . 1921 J-J 123 126V 121V Sep ’06
121V 126V
Construction 5 s...........1923 F-A 1 1 0 ......... 108 V A u g’06
108 V 114 V
1 0 2 V A u g ’ 06
10 W 10 2%
Term A im prove 4 s___ 1923 M-N
102%Aug*06
8y r B ing A N Y 1st 7 s .. 1906 A-O
101V 1 0 4 V
102 Feb *03
W arren 1st ref gu g 3 V2S.2 OOO F-A
133 F eb *06
133 133
Del A H ud 1st Pa D iv 7 s .1917 M-S 125V
149 A ug’ 01
R egistered..................... 1917 M-S
10-yr oonv deb 4 s...........1916 J-D 108 V Sale 107V 108V 176 107 110V
110V 19 105 117
A lb A Sus con v 3 V s....... 1946 A-O 110 Sale 1 1 0
Kens A Saratoga 1st 7 s .192] M-N 1 3 1 V ....... 142 V Mar *05
Del R iv R R Bridge See Pa RR
99
99
99V 34 99 101V
Denv A R Gr 1st con g 48.1936 J-J
106 108
106 Oct *06
Consol gold 4 V s...............1936 J-J
Im provem ent gold o s ...1 9 28 J-D 106V 107 V 106V 106V * 2 105 109
96 Sale
40 94 V 10 0
95V
96
Rio Gr W est 1st g 4 s___ 1939 J -J
86 ........ 8 6 V
M g e and col trust 4 sA . 1949 A - 0
8 6 V 19 80 V 92
U tal\ Cent 1st gu g 4s a l9 1 7 A -0 ......... 9 1 7& 97 Jan *02
R io Gr So gu See R io Gr So
Dee M 01 A F t D See M A St L
Des M A M inn See Ch A N W
110 Sep *04
Des M oi Un R y 1st g 5 s ..1917 M-N
92
94
Det A M ack 1st lien g 48.1995 J-D
99 V
96V 92 Oct *06
92 Oct *06
91
90
93
Gold 4 s................................1995 J-D
96V
D etroit Southern—
86
Oct
*06
86
93V
89V
Ohio Son D iv 1st g 4 s ...1941 M-S
112 112 V Oct *06
1 1 2 114V
Dui A Iron R a n g e ls t 5 s ..l9 3 7 A-O
113
112 V Feb *06
112 V 1 1 2 V
R eg istered ........................ 1937 A-O
2d 6s................................... 1916 J-J
DuJ Short L in e See N or P ac
111 V Sep *06
111 113V
Dui So Shore A A tl g 5 s .. 1937 J -J 112
1 ? ast of Minn s e e S t P M A M
JLLiast Ten Va A Ga See So Ry
117 Oct *06
118V 119%
Elgin Jol A East 1st g 5 s .1941 M-N 112V
E lm C o r t A N o S e e L e h A N Y
107
V
Jan
*06
98 7s
107 V 1 0 7 V
E n e 1st ext gold 4 s............. 1947 M-N
114 V F e b ’ 06
114 114V
2d e x t gold 6s ....................1919 M-S 199
108
V
A
u
g’
06
105
V
107 V 109V
3d ext gold 4 V s . . . . ..........1923 M-S
110 V O ct *06
110 V 115 V
4th ext gold 5 s.................. 1920 A-O 109V
103 Feb *05
5th ext gold 4 s..................1928 J-D 10OV
129
V
O
ct
’00
127 134V
1st consoi gold 7 s............. 1920 M-S 129V
133 133
129 133 Feb *(>6
1st con sol g fund 7s....... 1920 M-S
99 V 102
9934
100
v
.
Sale
Erie 1st con g 4s p rio r.. 1996 J-J "99 V
R egistered......................1996 J-J
99 V 100 V
99V 99 V O ct *06
89V 93V
90 V
1 st consol gen lien g 4 s ..1996 J-J ” 90*" 90 V 90
90
91
90
R egistered..................... 1996 J-J
90 Oct *06
98
Penn coll tr g 4 s............. 1951 F-A
5 90
92 V
91V 9 1 V
104 100 100% 109%
50-year con v 4s A .........1953 A -0 103 Sale 103
127 N o v ’05
Buff N Y A Erie 1st 7 s ..1916 J-D 120V
Bull A S W gold 68..........1908 J -J 1 0 1 V
104% 104%
104 V F eb *06
Chic A E n e 1st gold 5 s ..1982 M-N 116V 117V 119V 1I9V
1117 122V
100 1 0 1 V
Jell R R 1st gu g o s ___ a l9 0 9 A -0 101v 102V 1 0 1 V 1 0 1 V
133 V Sep *06
L ong Dock consol g 6s .. 1935 A-O 128
133 V 135 V
Coal A R R 1st cu r tm 6 3 .19 2 2 M-N 108 V
118 J ’l y ’ 04
D ock A Im p 1st c u r 6s .. 1913 J -J 107 V
109% Sep *06
109% 109%
N Y A Green L gu g 5s. 1946 M-N 1 0 2 -2
121 V Oct *05
N Y Sns A W 1st ref 5s. 1937 J-J
116V Oct *06 .. 115 117 V
2d gold 4 V s....................1937 F-A 100 Sale 100
3 100 103
100
General gold 5s............. 1940 F-A *104 V ....... 104V 104V
1 104 V HO
Term inal 1st gold 5 s ... 194 M-N
115 118
118 M ay’06
R egis $5,000 e a c h ...1943 M-N
Mid HR of N J 1st g 6s. 1910 A -0 102 ___ 104 V 104 V
104 V 110
W ilk A Ea 1st gu g 5s. 1942 J-D 1 0 9 V 112 1 1 0 O ct *06
109 113
E v A I nd 1st con gu g 6s .. 1926 J-J 114
1116 118
.... 116 A pr *06
lUIsHJKLIAN£ 0 9 8
1*ns and E le c tr ic L igh t
A tlanta G L Co 1st g 5s ..1947, J
B klyn U Gas 1st con g 5s.l945jM
Buffalo Gas 1st g .>8.......... 1947
C onsol Gas con v deb 6s ___1909
Con sum Gas see P G eft C Co
D etroit City Gas g 5 s........ 1923
D e tG a s Co con 1st g o s ...1918
Ed El 111 Bkn See K Co E Left P
Ed E Hi SeeH Y G eft E L H eft P
Eq G L N Y 1st con g 5 s .. 1932
Gas eft E lec Berg Co c g oa.1949
Gen E lectric deb g 8V S..1942
Gr Rap G L Co 1st g o s ...1 9 15
H udson < o Gas 1st g 5 s .. 1949
Kan City M o) Gas 1st g os 1922
K ings Co El L eft P g 5 s . . . 19871A
Purcliase money 6s ......... x997! A
Ed El 11 Bkn 1st con g 4s 19391 J
BO \ D >
N. Y. STOCK E X C H A N G E
W kkk ENDING NOV 2
1081
2
J'nda u
Nov 2
Wte.ic’ s
H anot or
Last Sate
Nanpe
I sm ee
< s ; Jan u ary 1
Hid
Low
Hi ah No '|Loto tlujfi,
E n e eft Pitts See Penn Co
i l l s Sep *00 . ... Jl 18 118
Evans tfc T H 1st con s 6 h. 1921
1st general gold 58......... 1942
108 Oct *00 ...{1 07 % 109V
K)8
Mt V ernon 1st gold 6s .. 1923
114 A pi ’Ufj
. 1 0 6 % I00%
!106 % F e b ’06'
Sull Co Branch 1st g 5s. 1930
L V rgo eft So See Ch M eft St P
1 lint eft Pore M See Pere Mai
Fla C <& Penm See Sea A ir Line
105 Mar *98
Fort St U D Co 1 at g 4 Vs. 1941
113
113 114 113
26, i l l
115
Ft W <fc Don O 1st g 6s . . . . 1921
86
90
86 Oct *01 . . . I 84
91
Ft W db Rio Gr 1st g 4 s ... 192s
i 1 al Har <fc S A See So Pac Co
Oct
*06
98V
100
A
-0
i T a i H A H of 1 8 8 2 1 st 58.1913
99 V
J9 V 1 0 3
Georgia eft A la See Sea A Line
Ga Car eft N or See Sea A Line
Georgia Pacific See So Ry
Gila V G A N or See So Pno Co
G ouv <fe O sw egat See N Y Cent
Grand Rap eft Ind £00 Penn R R
Gray’ s P t Term See St L S \V
99%
99% Sale
99% 257 93% 101%
Gt N or—O B <ft Q coll tr4 s 1921
98 V ____
98
98
97 101V
R egistered, h ....................1921
G reenbrier R y See Ches eft O
103%
102
V
Oct
*06;
G u lfiftS I l s t r e f eft t g 58 51952 J -J
101V 105%
an eft St J o See C B A Q
H ousatonio
See N Y N H A H
106
106V
106%
104% 110
H ock Val le tc o n s o l g4 V s.1 9 9 9
l 0 5 V J ’I y ’ 04
R egistered......................... 1999
98
100
A
u
g’
06
10 0 1 0 1 %
Col <fc H V 1st ext g 4 s ..1948
101% O ct *06
10 0 1 0 1 %
Col <fc T o l 1st ex 4 s ....... 1955
H oust E eft W T e x See So Pac
H oust & T e x Cen See So Pac Co
109
109 V Sep *06
109% 109 V
I llinois Central 1st g 4 s ..1951
104% 104%
104% A u g ’ 00
I R egistered ......................1951
10
*
2
%
10
0
J
’
ne’
06
99% 100
1st gold 3 V s......................1951
95 V J ’ly '0 6
R egistered ......................1951
95V 95V
99
99 V 101%
99 V J ’ue*O0
E xten ded 1st g 3 V s....... 1961
70 O ct *04
1st gold 3s sterlin g......... 1951
103 101 Oct *06
101 107%
Coll T ru st gold 4s...........1952
102 Oct *01
R egistered ......................1952
101%
Sale
1
0
1
%
1
0
1
%
L N O <fc T ex gold 4s ...1 9 5 3
1 0 1 % 106%
100 May *06
100 100
R egistered ......................1953
105
A
u
g
’06
105 105
Cairo B ridge gold 4 s___ 1960
9
1
V
92%
92%
___
9 1 V 94%
IiOuisvD iv& Term g3 Vs. 1953
123
May*
99
102
V
___
M iddle D i v r e g 5 s ...........1921
75
81
78
V
A
p
r
’06
Omaha D iv 1st g 3 s....... 1951
7 8 V 7 8V
75 ____
80
80
80
82%
St Louis Divefcterm g 3 s .l9 5 1
R egistered ......................1951
93
V
J’ne’
06
92
V
Gold 3 V s......................... 1951
9 3 V 93V
101% Oct *99
R egistered .................. 1951
100
N
ov’OO
Sprin g D iv 1st g 3 V s. ..1951
102 ___ 107% Jan *06
107% 107%
w e ste rn Lines 1st g 4 s .. 1951
1 1 7 % ....... 122 D e c ’ 05
B ellev <fe Car 1st 6s ....... 1923
*96
99
90
Nov*98
Carb <fc Shaw 1st g 4 s ... 1932
121 ...... 120V Sep *06
C hic S t L A N O g 5 s ...1951
120% 123 V
119% M ar’ 04
R egistered ......................1951
93%
May*04
Gold 3 V s......................... 1951
R egistered.................. 1951
101V
1 0 1 V A u g ’06
101V 101V
Memph D iv 1st g 4 s . . . 1951
103 N o v ’ 04
St L Sou 1st gu g 4 s___ 1931
Ind Bl eft W est See C C C eft St L
106% 108 V 106% 106%
In d D ec & W 1st g 5 s........ 1935
106% 108%
107 V D e c 02
1st guar gold 5 s................ 1935
Oct
*06
97
V
100
99
Ind 111 eft la 1st g 4 s _____ 1950
93% 100
114 119 116 Oct *06
116 1 2 0
Intcft Great N or 1st g 6 s ..1919
99
Sale
99%
99
98 102%
2d gold 5s...........................1909
73
73
......... 75
73
80
3d gold 4a...........................1921
111
.......
109
109
115
Aug*06
Iow a C entral 1st gold 5 s .. 1938
......... 80
83% 88
83*
Gold 4 s.........................
1951
83%
J efferson R R See E rie
al A eft G R See L S A M S
K an
eft M ich See T ol eft O C
K C F t S eft M See Str L <fc S F
K C c f t M R & B See St L eft S F
Kan C <ft Pacific See M K <fe T
70V 71% 70%
Kan C ity Sou 1st gold 3 s .. 1950
71% 112 70% 75%
63 Oct *00
R egistered......................... 1950
K entucky Cent See Left N
K eok <fc D es M o See C R I<fcP
K n oxv ille eft Ohio See So R y
115 117
115 Oct *06
114 119
E rie eft W 1st g 5s. .1937
L ake
111 ........ 11034 J ’l y ’06
110% 113%
2d gold 5 s ....................... 1941
108 114 V 117 Jan *06
N orth Ohio 1st gu g 5 s .. 1945
117 117
L Sho <ft M ich S Bee N Y Cent
109
.........
109%
A
u
g
’Ot
109 111%
Leh V al N Y 1st g u g 4 V s .1940
112% Nov*05
R egistered ......................... 1940
95
Oct
*06
Lehigh V al (Pa) con s g 4 s .2003
95
98%
116
116 Oct *06
Leh V T er R y 1st gu g 5 s .1941
116 1 2 0 %
109
V
O
ct
*99f
R egistered ......................*.1941
112 115%
112% A p r ’ 06
Leh V Coal Co 1st gu g 5 s .1933
96% 96%
96% May’06
94V
Leh eft N Y 1st guar g 4 s . . 1945
R egistered......................... 1946
104
113% Jan ’06
El C <fe N 1st pf 6s ....... 1914
113% 113%
105% 105%
105% Jan *06
Gold guar 5s.................. 1914
Leh eft Hud R See Cent of N J
Leh <ft W ilk esb See Cent of N J
Leroy eft Caney V al See M o P
L ong D ock See E rie
114% 117
115 J’ ne’06
L ong Is l’ d—1st con g 5s.7tl931
113V
1st consol gold 4 s......... M 931
95 V 102%
99% 99 V
General gold 4 s ................ 1938
98V
102 N o v ’ OO
F erry gold 4 V s................ 1922
96 ......... 99% Oct *05
Gold 4 s ................................1932
95% 101%
95%
95%
U nified gold 4 s ................ 1949
......... 97
110
......... 110 J’ ne’ 04
D ebenture gold 6 s...........1934
Guar ref gold 4 s ...............1949
99 102 V
99% 99% 99% Oct *06
B klyn eft M ont 1st g 6 s ..1911
103 V .........
10 L ......... 103% J ’l y ’06
103% 103%
1st 5 s................................191)
108 ......... 112 M ar’ 02
N Y B<ft M B 1st con g>5s 1935
1 0 7 % ......... 111 Jan *06
N Y eft R B 1st g 5 s....... 1927
111 111
N or SliB 1st con g gu 5s ol932
107 V ......... 1 12 % J ’ iy 05
105 J*ne’06
Louisiana eft A rk 1st g 5s. 1927
105 105
114% 120%
Louisv eft N asliv gen g 6s. 1930
118 1 2 0
116
US
Gold 5 s................................1937
120 12
116 ....... 121 % Feb*06
1 0 1 % 102
Unified gold 4 s................ 1940
......... 102
98% m - *
10 0 lo . s.
R egistered ......................1940
101% J ’l y ’06
Coll trust gold 58............. 1931
111% It '.
111% J ’ne’06
95% le v *
96% Sale
5-20-yr c o l t r deed g 4s. 1923
96%
96%
1 1 0 % ....... 114% J’ ne’06
E H eft N ash 1st g 6s ___ 1919
101v i.02v
BONDS—Continued on Next Page.
G o a and E le c t r ic L igh t
Lac Gas L o f S t L l s t g 5 s .s l 9 1 9 Q-F 1 0 3 V ......... 104% Oct *0C .... '103
101
R ef and e x t 1st g 5a....... 1934 A -0 1 0 1 % ........ 101 O c t ’06
93
M ilw aukee Gas L 1st 4 s .. 1927 M-N ......... 92% 94 Oct *06
i 105
N Y G K L H e f c P g o s ...1 9 4 8 J-D * 105 V ......... 105 V 105 V
0 84
Purchase m oney g 4s. ..1 9 49 F-A
85 %
8 5 % ........ 85 %
5 100
J 101V 102
10 0 104
Ed El 111 1st con v g 5 s ..1910 M-S 101 V Sale 101v 1 0 1 V
101 Sep
j
113%
A 100 105
100 100
1st consol gold o s .........1995 J -J
113 % J 'n e ’ OO
100
N YeftQEl Left P 1st con g 581930
98
98
........ 101
1 98
N Y <ft R ich Gas 1st g o s .1921 M-N
101 103 N ov’05
104% N ov’05
112 N ov’ 03
Pat eft Pas G eft E con g 5s. 1949 M- 8
I 61V Oct *01
Peo Gas eft C 1st con g 08.1943 A -0 118% 120 120 J ’ne’ OO .... 117
R efunding gold 5s______ 1947 M-S .........104 V 102 Oct ’O' — l o l V
86% SS
87V
87V
i 86% 90
100
6 104
1107% D e c ’ 00
Ch G-Left Cke 1fit gu g 5s 1937 J -J 100 108 100
Con G Co of Ch 1st gu g o s . *30 J-D
104 100 105 J’ ne'06 __ 106
04 |106 % Oct *00 . . . . 105 108%
103 V Deo *05
95
98
Mu Fuel Gas 1st gu g os. 1947 M-N
98 J’ly
------- 98
. . . .
Syracuse L ighting 1st g 5 s .’51 J -D j o i
110 M ay’06
121 122
117 119 121 F eb *06
1 renton G eft El 1st g 6 s .. 1949 M- S 100
93 V 9 3 V W estchester L igh t’ g g 6 s .I960 J-D 104 ......... 100 V A p r *06 .... 106
N o p rice Friday; latest bidand asked this week, v Due Jan b Duo Fob d D ue A pr c Due May A Due J ’ly A; Duo Aug 0 Duo Oct q Due Deo j Option
k
N 105% 108 VI108 V 108%!| "u 106% 113 V
O
70
00%
70% Sep
65
68
Jl 140 V Sale 138% 140 V 40 137 168%
ioiv i
108%
104%
94%
109%
92
104%
118
104%
123
107%
107
106
108%
HeJrn
New York Bond Record — Continued— Page
1082
BOND*
N . Y . STOCK E X C H A N G E
W eek ending N o v 2
Si 5*
J'rtcc
HYiday
N ov 2 \
W eek *8
L a n ge or
Last SaU
Ka/aye
£ ©
Since
£ < Jo.nuarif 1
R id
H iyti No Low H ig h
A 8foL ow
L ou is v 6c is’ a sh v —( C on tin u ed )
109 Mar’05
L Gin 6c L e x gold 4 %s. ..1931 M-N 106*4
1.27
130 J’ ne’oO
128 130
N O 6c M 1st gold 6 s -----1930 J-J
122*4 M a i’ 0 u
122*4 122*4
N O A M 2d gold 6ft....... 1930 J-J 122
107*4 1o 7 *4
107*4 A ug’ 00
P en sacola l)iv g o ld 6 s . . . 1920 M-S
117 *i2 Sep '06
117*2120*2
Bt L D iv 1st gold 6s ........1921 M-8 i i 6%
71 % Sep *06|-... 71*2 71*2
75
70
2d gold 3 s ........................1980 M-S
116 116
116 J ’ i y ’ 1 0
A tl K uox 6c N or 1st g 581946 .1 C
108*3 Jan ’ 06
108*2 108*2
H en d er B d g e l s t e f g 6 s . l 9 3 l M-S
99 *4 O ct ’ 06
99*4 108
98 101
K e n tu c k y Cent gold 4 s . . 1987 J •J
108
110
108
J
’
i
y
’ml
L<fcN <fe M tfe M 1st g 4 4ft 1945 M-S
97 O ct *06
95
98
94 *4 95
L<fe N -b ou th M join t 4 s .1952 J •J
111
A ug’m
115
111 117%
N Fla 6c 8 1 st g u g & 8...1937 F-A 1 1 2
____ 112 % M ar’Ou
112 *2112*2
P e n s <fe A tl 1st gu g 6 s .. 1921 F A l iO
8 6c N A la con gu g 5 s .. 1936 F-A 1 13 *4 ......... 115*4 M ar’05
107 D ec *05
b in k tund gold 6s .......... 1910 A -0 101 %
97 M ay’ Ou
97
100*2
L & J ell B dge Co g o g 4 s ..1 9 4 5 M- SJ 95
L N A <fe Cii Sec O I & L
ahon Coal 8'<J€ L S < f e M S
M an
hat tan R y co n so l 4 s . 1990 A-O 100% Sale 10 (n4 lOOCg 15 9 9 * 2 1 0 3 7g
104 A p r ’ 05
R e g iste re d ................... 1990 A -0
i 02% io e v
M etrop ol E l 1st g 6s ___ 1908 J - J 103*4 1 0 4 ' 103 S ep '06
M c K ’ pt(& H V A’eg N Y C en t
M etrop olitan El See M an Ry
80 Ha 85 55
81 Sale
75H2 85
M e x C en t con sol gold 4 s .. 1911 J - J
27 2750 16*2 26%
21
23 *2 Rale
1st co n sol in com e g 3 s .©1939 J ’ ly
Us2
19*4
17% Sale
14
21
15*4
2d con sol in com e g 3 s ..©1939 J ’ly
E q u ip & coll gold 5 s ........ 1919 A -0
9 9 * 8 1 0 0 8 1*9 78 100 % 1 1
98*2 1 0 i "
C oli tr g 4% s 1st S e r___ 1907 F A
9 0 5e J ’ iy ’01
Rlex In te r n a t 1st con g 4 s .1977 M-S
105 M ay’ OU
M ex N orth 1 st gold 6s ___ 1910 J -D
M ich C en t See N Y C en t
M id of N J See Erie
M il L 8 & W See C h ic <& N W
M il & N orth See Oh M <& St B
137 J*ne*05
M inn 6c S t L 1st gold 7 s .. 192^ J -T: 134 h
1 1 1 1* O ct *05
I ow a E x 1st gold 7 s ........1909 J-I
118 J*ne‘06]
118 1 2 0 %
.P acific E x 1st gold 6 s . . .1921 A -0 115
113*4 M a r’ O
South W e st E x 1st g 7 s. 1910 J - d
111 114*2
110% 114% j 113^4 O ct *061
1 st con sol gold 5 s .............1934 M
90*2 97
I s la n d refu n d gold 4 s ..1 9 4 9 M 3_ ......... 93*4 94*4 O ct *06
97 A p r ’ 06
95 . . . .
D es M & F t D 1 st g u 4 a ... ’3q J - J
97
97*2
M in n <to S t L g u See B O E & N
101 O ct *061
M S tP 6c S S M co n g 4 in t gu ’ 38 J -J
1 0 0 % 10^*4
103 N o v ’0 1
M 3 3 M & A 1st g 4 in t g u 1 9 2 $ J - J
M in n U a See S t P JV1 & M
99
99*2
99 bale
99 103
M o K an 6c T e x 1st g 4 s . . . 1990 J-D
14 84% 92%
86 Sale
85*2
86
2d gold 4 s ..........................tfi.990 F -A ,
1
0
3
*
8
.....
I
0
5
cft
O
ct
’
i
103% 107%
1st e x t gold 5 s ................. .1 9 4 4 M-N*
82%
8 3 3q O ct *06
1st & refu n d 4 s ................. 2004 M-S
9 1 H?
•IIIII 8 8 * 88 O c t.*00
85
89%
G en s f 4% s su b r e e l s ......... ...
88 Sep *06
94
88
S t L D iv 1st r e f g 4 s ___ 2001 A-O
108 F e b ’ On
107 108
Dai 6c W a 1st g u g 5 s . . . 1940, M-N 104
94
94 O ct
95
94
96*4
K an C 6c P a c 1st g 4 s .. . 1990 F-A
112 O ct *0u
no
116
M o K & E 1st g u g 5 s .. . 1942 A -0
107*2 O ct *06
105 109%
M K & O k 1st g u 5 s ....... 1942 M-N 104*3
106 % 106 % O ct
105 109%
M K <fc T o f T 1st g u g 5 s. 1942 M-S
108*4 Apr 00
107
Sher Sh 6c b o 1st gu g 5 s. 1943 j - D
108*4 108*4
10534 A p r ’^c?
107
105% 109%
T e x & Okla 1 s t g u g 5 s . . . 1943 M-S
103 O ct *06
101 104
M issou ri P a cilic 3d 7 s........1906 M-N
1 119 125
118
1 st co n s o l gold 6 s ..............1920 M-N 118*4....... 118
T r u s t gold 5s sta m p ed .©1917 M-S 104 *3Sale 104*2 104 3. 20 103 107%
107 Ha F e b *06
104 107%
R e g is t e r e d ...................©1917 M-S
1 st coil gold 5 s .................. 1920 F-A 105*4 bale 104*2 10534 30 1 0 2 % 108%
1 90% 94*2
91
40-year gold loan 4 s ....... 1945 M-S ......... 91% 91
94*q
1 93
94% 95 H 94*2
99
C en t B r R y 1st gu g 4 s . 1919 F-A
L e r o y & C V A L 1st g 5s 1926 J -J 1 0 1 ........> 110 M a r’ Ou
A u g ’ u6
101% 105
P a c R of M o 1st e x g* 4 s. 1938 F-A 101*4........ 10
116 1 2 0 %
2d exten d ed gold 5 s. ..1 9 3 8 J -J 116 120 H, 118 J ’ ne*06
111*2117%
S t L I r M<fe Bgen con g 5 sl9 3 1 A -0 1 1137e 114 *t ll3 * a U 4 D
116 N o v ’05
G en con stam p gtd g 5s 1931 A-O
91 Hi 01*4
91*4 17 89*2 94
U n ified 6c ref gold 4 s .. 1929 J -J
\'2 la 95
92
94 *€ 17 92
96
R iv & Q D iv 1st g 4 s .. 1933 M-N
107*2 A p r ’ 0 6
V e r d i V I & W 1st g 5 s .l9 2 6 M-S
107 107%
1 1 5 3s A p e *00
113 115%
M o b & B irm p rior lien g 5s 1945 J -J 108
96 O ct *05'
M ortg a g e gold 4 s ............. 1 9 4 ^ J -J
M ob J <fc K C 1st con s g 5 s. 1950 J - J !
-------- 98 O ct *UQ . . . . I 94% 98
1 2 6 * 8 A u g ’ O'J . ..0124% 128%
M ob & O hio n ew gold 6 s ..1 9 2 7 J -D 125*3
122 D e c *05
1 st ex ten sion gold 6 s..7 tl9 2 7 Q-J
93 O ct *06
94
93
99
G en eral gold 4 s .................1938 M-S
114 *2 J ’ly 06
M on tg om D iv 1st g 5 s ..1 94 7 F-A
113 *2 114%
92*2 A u g ’ 06
S t L Sc C airo c o ll g 4 s ..e l9 3 0 Q-F
92% 98
101 XSfov’04
97*4
G u aranteed g 4 s ........... 1931j| J - J
M & O co li 4s See Southern
M oh aw k & M ai See N Y O 6c B
M on on gah eia R iv See B & O
M on t C en t See S t P M <fc M
M org a n ’ s Da & T See S P Co
M orris 6c E ssex See D ei D 6c W
115*2 Sep *06
C hat 6c b t D 1 s t 7 s. 1913 J -J 1 1 7 * 4
115*4 119%
N ash
113 O ct *00
1 st con sol gold o s ......... 1928 A-O, 113
112 115%
119 *-4 F e b *00
J a sp e r B ran ch 1 st g 6s .. 1923 J-J U 3 3 4
119*4 119%
117*4 M a r’05
M cM M W & A ! 1 st 6 s ..1917 J-J 113^4
113
J
’l
y
’
04
T & P B ran ch 1 st 6s . . . . 19171J J
N ash F lor 6c S h e! See L & N
101*2 A u g ’ 00
N at o f M e x p rior lie n 4 % s .l9 2 6 J -J 103
101% 105
8 3 34 O ct ’00
83*2
1 st co n so l 4 s ...................... 1951 A -O
82*4 87%
N e w H & D See N Y N E 6c H
N J J u n e H R See A Y C en t
N e w 6c Cin B d g e See P en n Co
N O 6c N E p rior lien g 6s # 1 9 1 5 A -0
N Y B k ln 6c M an B ek See D '
9 4 34
95
96
Sale
N Y C en t 6c hi R iv g 3 % s. 1997 J -J
246 91% 99%
94 . . . . .
R e g is te r e d .......................1997 J -J
98%
95*2
95 Ha 1 92
9 8 :i4 101
98 34 bale
23 98*4 102*4
4 s ....... ..............1934 IVl-Ni
88
87 H2
87 *2 Sale
L a k e S h ore co ll g 3 % s ...l9 9 8 F-A
37 8 6 % 93
86 HJ 5 85% 91%
86
86 H 86*4
R e g is te r e d .......................1998 F-A
88
88
92%
M i d i C en t coil g o ^ s ___ 1998 F-Aj ......... 88
1 88
R e g is te r e d .......................1998 F-AJ 8 5 * 2 8 7 HJ 88*4. J ’ n e’ Oi
86*4 90%
....
102*4 Sep *0t
B e e ch C reek 1st g u g 4 s . 1936. J -J 1 0 1
102 105%
R e g is te r e d .......................1936 J -J
102 Mar*043
2d g u gold 5 s ................. 1936 J - J j 10534
B eech Cr E x t 1st g 3 % s 51951 A -0
103 ^
C art 6c A d 1 st g u g 4 s .. . 1981 J -O
C learf B it Coal 1 st s i 4 s . 1940. J-J
95 A p r *02
G o u v 6c O sw e 1st gu g 5s 1942 J-D
M oll 6c M ai 1st gu g 4 s .. 1991 M-S
105 N o v ’ Od
N J J u n e R g u 1st 4 s . . . 1986 F-A
105 O ct *02
k Y & f a 1st con g u g 4s 1993 A -O
99 103
104% F eb *06
104% 104%
M IS C E L L A N E O U S
C oal and Iron
O ol F 6c 1 C o g en s i g 5 s .. 1943 F -A
C o n v e rtib le deb g 5 s ___ 1911 F -A
C ol C 6c I D e v g u 5s g . . 1909 J - J
C ol Fuel Co g e n gold 6s . 1919 M-N
G r R iv C oal & 0 l s t g 6 s l9 1 9 A -0
C olorado In d u stria l
1 o ig e 6c co ll 5s g u ___ 1934
1
>n’ta iC l e t s f g u o s g .1 9 5 2 .
j - « . C lear C<& X l s t g 5 s . 1926
.... aid 5 s ........... ..1 9 2 6
r.. . i H C & c: 1st s f g 5 s .! 9 5 1
x
s V ai Coal Is r g s f 6s. 1928
a Goal gei>
............. ^ £ 3
eim D iv I s , g 6s ........a lV l li
3 irm D iv l s t co n s o l 6S..19171
Oah C M Co l s t g u g 6s. 1922
B e Bar C 6c 1 Co g u g 6 s .l9 1 0
V Ir o n Coal & Co l s t g 5 s .1949
99
85
100
98
101
95
99
P l y *06
107% O ct *04
102% A p r *06
73%
107%
107
102%
104% 105%
105
Sale.. 97
____ 107
108%
111
102
100
95
Sale
75% Sale
97
107
109
99
88
BOND*
N. Y . S T O C K E X C H A N G E
W k kk E nding N o v 2
[V ol . L X X X III
3
L rice
F r id a y
N ov J
N Y Cent<fc H R— ( Continue.d)
N or 6c M on t 1st gu g 5s.l910| A O
W est Sh ore i s t 4s g u ...2 3 6 1 J-J
R egi s ter ed ...................... 2361 J-J
L ak e S h ore gold 3 % s___ 1997 J-D
R e g iste r e d ...................1997 J-D
D eb en tu re g 4 s ..............i9 2 8 M-S
K a A 6c (h R 1st gu c o s . 1938 J -J
M ahon O’ l B it 1st 5 s .. 1934 J -J
P itts M cK <fc Y 1st gu 6s. 1932 J -J
2d g u a r d s ........................ 1934 J -J
M c K e e s & B V 1st g 6s 1918 J -J
M ich C en t 1st con sol 6s. 1909 M-S
5 s ........................................ 1931 M-S
R e g iste r e d ................... 1931
4 s ........................................ 1940
R e g iste r e d ...................1940 J-J
J L & S 1st g 3 % s ............1951 M-S
1st g 3 % s ............................ 1952 M-N
B a t C 6c Stu r 1st gu g 3 s. 1989 J -D
N Y 6c H arlem g 3 % s ...2 0 0 0 M-N
R e g is te r e d ...................... 2000 M-N
N Y 6c N orth 1st g o s . . . 1927 A-O
R W 6c O con 1st e x t 5s. hA 922 A -0
O sw e 6c R 2d gu g 5 s ...«1 9 J 5 F-A
R W 6c O T R 1st gu g 5 s. 1918 M-N
U tica 6c Blk R iv g u g 4 s. 1922 J -J
N Y C h ic 6c b t D 1st g 4 s. 1937 A-O
R e g iste re d ......................... 1937 A-O
N Y 6c G reen w Lake See Erie
N Y <fe l ia r See N Y C 6c Hun
N Y L a ck & W See D L 6c W
N Y L E 6c W See E rie
N Y 6c D ong Br See C en t o f N J
N e w Y ork N e w H a v 6c H art—
H o u sa to n ic R con g 5 s .. 1937 M-N
N H 6c D erb y con c y 5s. 1918 M-N
N Y 6c N orth See N Y C 6c hi
N Y O 6c W rel 1 s t g 4 s . . #1992 M-S
R e g is $5,000 o n ly ......... #1992 M-S
N Y 6c Put See N Y C 6c H
N Y 6c R B See D ong Island
N Y b 6c W See E rie
N Y T e x 6c M See b o P a c Co
N or 6c South 1st g 5 s ......... 1941 M-N
N o rf 6c W est gen g 6s ........1931 M-N
Im p ro v e m ’ t 6c e x t g 6s .. 1934 F-A
N ew R iv e r 1st g 6 s ....... 1932 A -0
N 6o W R y 1st con g 4 s. 1996 A -O
R e g iste re d .......................1996 A -O
D iv ’ i 1st 16c gen g 4 s . . . 1944 J -J
P o ca h 0 6c C jo i n t 4 s .. 1941
C C & T 1st gu g 5 s ......... 1922
Scio V 6c N E l s t g u g 4 s 1989 M-N
N o rth Illin ois See Chi 6c N W
N orth Ohio See D E rie &> W
N o r Pac— P r io r lien g 4 s . .1997
R e g iste r e d ...................... 1997
G eneral lien gold 3 s ___ a2047
R e g is t e r e d ...................a2047 Q-F
S t P aul-D ul D iv g 4 s ___ 1996 J -D
DuL S h o rt D Lst g u 5 s .. 1916 M -S
C B 6c G coll tr 4s See G t N or
b t P 6c N P gen g 6s ___ 1923 F-A
R e g iste re d ce rtitic’ s .. 1923 Q-F
St P au l 6c D u l l s t 5 s___ 1931 F -A
2d 5 s ................................. 1917 A-O
l s t co n so l gold 4 s ......... 1968 J-D
W ash C ent l s t g 4 s ......... 1948 Q-M
N o r P ac T e r Co l s t g 6s .. 1933 J -J
N o r R y Cai See So Pac
N or W is See C St P M 6c O
N o r & M on t See N Y C ent
Ind 6c W See C C C & S t L
U hio
R iv e r R R 1st g 5 s .1936 J-D
G en eral gold 5 s ................. 1937 A -0
O re 6c Cal See So P ac Co
O re R R 6c N a v tiee Un P ac
O re Sh ort Dm e See Un P ac
O sw ego 6c R om e See N Y C
O C F & St P See C & N W
Oz*rk<fe Cher O l s t g u 5 s g.1913 A -O
Co 1st g 5 s ___ 1946 J-D
F aacc oCoast
f M issou ri See M o P ac
Panam a l s t s fun d g 4 % s ..l9 1 7 A-O
Sink fund su bsid y g 6s .. 1910 M-N
P en n Co—G uar l s t g 4 % s .l9 2 1 J -J
R e g iste re d ...................... 1921 J -J
G uar 3% s co ll tru s t reg .1 93 7 M-S
Guar 3% s coil tr ser B ...1 9 4 1 F -A
T r Co c e r tif’ s g u g 3 % s .l9 1 6 .M-N
G u 3% s tr ctfs O .............. 194 2 J -D
G ^ 3 %s tr ctfs D ............... 1944 J -D
C St D 6c P 1st con g 5 s .1932 A-O
Ci & P gen gu g 4 %s ser A . *42 J-J
Series B ............................1942 A-O
Series C 3 % s................... 194b M-N
Series D 3 % s.................. 1950 F-A
E rie 6c P itts gu g 3 %s B .1 94 0 J -J
Series C ............................1940 J -J
N <fc C B dge g e n gu g 4 %s 1945 J -J
P C C 6c S'C D gu 4 %>s A . .. 1940 A-O
S e n e s B g u a r................. 1942 A -0
Series C g u a r................. 1942 M-N
Series D 4s g u a r........... 1945 M-N
S eries E 3% gu ar g ___ 1949 F-A
Series F 4 s g u a r ......... 1953 J -D
P itts F t W 6c C 1st 7 s . . .1 91 2 J -J
2 d 7 s ...................................1912 J -J
3d 7 s ............................... /U 912 A -0
Penn R R l s t real est g 4 s . 1923 M-N
C onsoi gold 5 s ................... 1919 M-S
C on sol gold 4 s ................... 1943 M-N
C o n v e rtib le g 3 % s ...........1915 J-D
C o n v e rtib le g 3% s............1912 M-N
A iie g Vai gen gn g 4 s .. . 1942 M-S
Ci & M ar l s t gu g 4 % s.. 1935 M-N
D R R R 6c B ge l s t g u 4s g.*36 F -A
G r R 6c 1 e x l s t gu g 4 %s 1941 J -J
Week? s
R a n ge or
Last Sate
A 8k L ovj
Hid
10 5 14 bale
103%
96
99
98%
116
122%
125 %
109
U»3%
113*4
103
91*4
97
R ange
Since
i J a n u a ry 1
Jiigh
No hi Ana Jrhgh,
105
1 0 5 -v
103% 104 ^
96
9d
9 i A a g '0 6
98%
y8 %
104 109
1 1 103% 107%
20 95 101%
96
09*4
D
26%10 1%
125 % M a r’Oci
139 Jan *03
1 2 2 % 125%
107% J ’ n e’ OO
118*4 J ’ l y ’06
119 J ’ n e’ 06
1 04% iMar’ oo
106% N ov*00
107*4
118^4
119
104%
107%
P30
119
104%
96%
98%
97
Sep *06
101% J ’ ly *06
1 io £ % i b i %
109 % ......... 119% M ar’ 05
1 1 2 % ........... 1 1 2 * 4
*2 >1 1 *1*4 l 18
112%
113% Jan *02
100*4 . . . .
103% A u g ’ 06
1 0 2 % 1 0 2 % 102
102
...... 1 0 2 % 100
10 0
'
124
114*4
-• 103% 104
3|ji<-2 106
2 110 0 % 1 0 0 %
F e b *06 ----- 124
125
100% 101% 102
102
39% 104%
101 % J*ne’ Of -----111 0 1 1 0 1 %
96
97
104
131%
130%
127*4
99%
Sep *06 --- 104 111
J ’ ly *06 . . . 131% 132%
F eb’o
130% 130%
O ct *06 - - i 27*4 127%
>‘ 9*4 20 j 9 s% 102%
100
loO 100
F e b *06
Sale
96
96
96
99%
92%
91
95%
93% 92%
109% F eb *05
99 O ct *06
99 103
......... 106
1 2 8 % .......
1 2 9 % ........
1 2 7 * 4 .......
99% Sait
103% 103% 118 1 02% 106%
103% O ct *06
102*4 106
74%, 75% 75
75% 36 75
78%
73 .........
74% 76
98 ......... 98 J ’l y ’ 06
98 101
103% Sale
10 1 % .........
122 %
111
....... .
109 _____
99 .........
9 0 % ....... .
116% Sal6
122% Sep *06
132 J ’ ly *99
113 M a r’06
108 O ct *0 t>
98 % O ct ’ 06
93 May'O.
116%
H 6%
122 % 125
113
108
98%
91
115
113
110
100
93
116%
107% 1 1 1 % 11434 Jan *06
116 118
110% 114%
97
112
O ct *06
O ct ’0 1
98*4 100%
U O 114
103
J ’ly :06
A p r ’ 02
106%
J ’ ly ’ 06
J ’ n e ’ 06
O ct *u6
98
O ct *06
M a r’ Ot
Sep *06
A u g ’ uc
103
1 1 3 % ........... 1 1 6
. . . . . . 100
112
113
1 0 0 % .......
M a y ’06
102
106% bale 106%
104 % ......... 105
88 % ....... 90%
87% 89
90
......... 98% 98
89
90%
87%
114
120 %
107
108%
106
1 1 0 i 04% 1 0 8 %
105 105
i 90% 90%
! 90
92%
” ‘ i 96
98
89
89
__ 90% 90%
. . . . 117 % 122
....
98% D e c ’ Ou
96 J an 04
96% J an ’Oi- —
9S% A pr *04
102
96%
96%
108% 1 1 2 %
lu 9 % 112%
1 0 *% O ct *06 —
110 % Sep *0o
1 1 2 % J n e’Od
99 J ’ n e ’ 0 6 —
90 S e p ’ 0 6
90%
106%
99
89%
99
94%
127% O ct *02
119 J ’ n e ’ 06 . . . . 117% 119
119 A p i ’ 04
1 0 2 % 105% 104% O ct ’ 06 - -- 104% 1 0 0 %
111 ^ Sep ’ 04.
106 A u a ’ O.
97*4 Sale
96
97% 1413 92% 101
10 u%
1 0 0 % 102 3U< 96 105%
104*4 O ct *05
110 Jan *05
105
—
108%
B O N D S —C o n tin u e d o n N e x t P a g e
9 7% 105
88 102*4
102% 102%
75% 8 l| 73
83%
D e c *04
M ay’ 97
O ct *o:-]i
O ct *05
O ct ’ Ou
97%
111 97 101%
107
13 LOG 110%
O ct ’ Of
LOG*4 111
D e c ’ uf
Aug*06
.00 103%
95
213 91% 98%
T e le g r a p h a n d T e le p h o n e
A m T elep 6c T e l co ll tr 4s 1929
Com m C able Co 1st g 4 s . . 2397
M et T 6c T l s t s f g o s ....... 1918
N Y 6c N J T e l gen g 5 s .. 1920
W est U nion co l tr cu r o s . 1938
Fd and real est g 4 % s ...l9 o 0
M u t U n T e l s fu n d 6s . . . 1911
N orth w T e l g u i 4 %s g . . 1934
J -J
Q-J
M-N
M-N
J -J
M-N
M-N
J -J
92
91 O ct *06
96% J 'n e ’OG
109 % M ay’05
105% J i y ’ u3
105 105 *4 O ct *06
99% 1 0 2 % 102% O ct *06
106% M a r’ 06
103 " j ’l y ’ 04
90% 95%
96 % 98
—
92
103 109%
1 0 1 % 106
i 06% i 07
Manufacturing & Industrial
Am C ot Oil e x t 4 % s ...........1915
A m H id e tfc D l s t s i g 6 s ..1919
A m e r I c e s e c u r deb g 6s .. 1925
A m S pirits M tg l s t g 6s .. 1915
A m Thread 1 st co l tr 4 s . . . 1919
A m T o b a c co 4 0-yr g 6s -----1944
4 s . ______________________ 1951
*No price Friday; latest bid and asked. ©Due Jan 5 Due Feb c Due Mar d Due Apr h Due J’ly tc Due Aug
Q-F
M- S
A -0
M-S
J-J
A -O
FA
95%
89
89
10 1
91
110
79
97
90
SaR
Sale
Sale
Sale
97 O ct *06
89
89%
89
90
lo l
10 1
91 O ct *06
110 % 110 %
78%
79
i
*7
6
3'
55
94
98
89 1 0 0 %
8 6 % 94
*8 104
8 8 % 91%
109% 117%
76% 84
o Due Oct p Due Nov # Due Deo s Option Sala
iiOJS li;*
N . Y. S 'r o c K EXC H A XG E
W eek eni>in«j N ov *3
Benn KK—<LimtmiitfdJ
PhilaBald; W 1st * 48 ..1948
Sun cVt Lew 18 1st g 4s... 1936
U A J KK A. Can geu 4>. l‘“14
Pensacola & Ati bee L a Aush
1083
New York Bond Record—Concluded— Page 4
tfov. 3 1906.]
P r ic e
F r u ia u
N ow 2
*2
-s'S
B id
Peo tfc East
C C U St L
Peo Ai PolL l'u xst g os__ 1931
2u gold 4 H*s..................51921
Pere.Vlarq— Ch& W hi 6s 19*21
B'lintA PM a is ....... — 1020
1st COUSOi gold 58........ 1930
Pt Huron Div 1st g 5b. 1939
Sag 1'iiscVj ii 1st gu ii 4s. 1931
Phil Bib W b e e Penn UK
PJiilacfc Heading oona7s.l911
Pine croex reg guar 6a... 1932
Pitts Cm «.c 8i L bee Penn (Jo
Pitts Clove Tol b ee B *te O
Pitts Bt W .v Cli bee Penn Co
Puts J uno 1st -Old os...... 1922
PlUsito L Erie 2d g 5s...al928
Pitts AloKees A: V bee X V Con
Pitts Sh db L E 1st g 58...194U
1st consul gold 5s...........1943
Pitts & West bee B 3c O
Pitts Y ic Ash 1st con 5s. 1927
1> ending Co ten g 4s...... 1997
l l Rel:istereu..................1997
Jersey Cent coll g 4 s ...1951
Henssenter do bar bee Die H
Picii a l>an b ee South Hy
i£Kxb cv M eck bee Southern
Hu m t West bee Hen do Hio Gr
BUo Gr J tuio 1st gu g 5s...1939
Rio gr 80 1st gold 4s....... 1940
Guaranteed................... 194o
Rock Puts b ee B K & P
Home Wat A Og b ee X Y Cent
Rutland 1st con g 4 Vs__ 1941
OgdbL Cliain let gu 4s g.l94b
Rut-Canad 1st gu g 4s... 1949
O&g Tus do ii bee Pere Maru
Jo do Gr isl 1st g 4s...194 1
8 t Caw do Aitirou lstg os. 1990
2d gold Os...................... 1990
St L do Cairo bee Mob <& Oluo
fit L dc iron Mount b ee M P
8t L K C do N b ee Wabash
8t L M Br b ee T HU A of St L
8t L db S Bran 2d g Os Cl B 1900
2d gold Os Class C.........1900
General gold Os..............1931
General gold 5s..............1931
8t L do 8 r K H cone g 4s.. ’90
Southw Div 1st g os..1947
Refunding g 4s...........1951
5-year gold notes 4*2.-1908
£ C B't S do M con g Os.. 1928
K C Ft S dc M Hy ref g 4s 1930
K Ode M K«fc B 1st gu os. 1929
8t liouis So b ee Illinois Cent
St L S W 1st g 4s bd etis.1989
2d g 4s inc bond ctfs...pl9S9
Consol gold 4s............... 1932
Gray’s PtTer lstgng5s 1947
St Paul <fe Dui bee N or Pacibc
St Paul M & Man 2d 08... 1909
let consol gold Os........... 1933
Registered.................. 1933
Reduced to gold 4 Vs..1933
Registered............... 1933
Dakota ext gold Os....... 19i0
Mont ext 1st gold 4s__ 1937
Registered.................. 1937
E Minn 1 st div 1st g 5s..1908
Nor Div 1st gold 4s__ 1948
Minn Union lstg Os__ 1922
Mont C 1st gu g Os........1937
Registered.................. 1937
let guar gold os.........1937
Will & S B’ 1st gold 5s..1938
ot P 6c. N or Pac bee Nor Pac
St P do s ’x City b ee C 8t P M dou
8 Be Pres do Pli 1st g 5s...1942 MS A <fc A P b ee So Pac Co
S F 6c S P 1st sink ( g 5s.1919
Sav B‘ do West b ee Ati Coast L
Scioto Vai <fc X E bee Nor do W
Seaboard Air Lme g 4s ...l95u
Coil tr refund g 5 s ....... 1911
Atl-Birm 3u-yr i st g 4s.el933
Car Ceui 1st con g 4s...1949
Fla Cen do Pen 1st g os.1918
let land gr ext g os ...1930
Consul gold os............ 1943
Ga do Ata Ry Is; con osol945
Ga Cal 6c b o 1st gu g 6s 1929
Seab do Roa 1st os............ 1920
Slier Stir & 8o b e e M K & X
3il Sp uca do G b ee Ati Coast L
Sod Bay tic 8 0 let g os...... 1924 J - J
So Car co Ga b ee southern
So Pac Co—HR 1st rei 48.1955
Gold 4s (Cent Pac coil)./cl949
Registered.............../cl 949
A <fe N' W 1st gu g 08 __ 194 i
Cent Pac 1st ret gu g 4s 1949
Registered.................. Iy49
Mort guar gold 3 Vs.. -1929
Tkiou.k 81 Li 1st ju 4s ’54
Gaj Bar dc 8 A 1st g 0s..i9lu
51ex cc Pac 1st g 5e__ 1931
Gila V G do b 1st gu g 5s. 1924
Hous E <sc \S 1 1st g 08.1933
1st tuar os re<i.........193.;
H tic 1 C 1st g os nit gu.. 1937
Consul g Os int guar... 1912
Gen gold 4s int auar..l921
Wac/uk X W div 1st » 0e*3u
d ee* s
K a n g? or
Ltist .na le
h'anp*
S in ce
J an u a ry 1
AS\ Low
tl to ii At
107 *2 Oc t Th>
........ 112
110 *2 Sep ’04
123 *« J a n *05
100*4 l)e c O
109 A p r 02
113 ......... i 1 - *a AprhH i
......... 109*8 107 J ‘ i y ’ 06
1 0 3 :S*.......... 106 4 S e p ’ 06
1 13
Low iJion
107 *2 U 0 ‘-
....
1 1 2 *2 118
107 110*2
106*3 l l b j
.. 115*4 Mar*06
137 Nov’97
115 *2 115*2
1 20 O ct ’01
107 *si.......... 1 1 2 * 2 D e c ’ 02
!“
ii9u
12 0
98
M a r’ 0 6
J i y ’ 9.
i n
........ 116 M a y’ 05
99*3 100
9 9 3< Sale
lo o
J ’ ne 06
95*4
97
95a4 Sale
70
89
93
109
76
89
118
54
97*e 102 «V
99*2 100*2
9 5 34 1 0 1 *2
1o
Mar’05
D ec’05
Jan ’05
106*e Oct ’05
98 4 J’ne’06
98 *v 100*2
1 0 1 14 N o v ’ Ol
90*3
9 2 *s
12 0
90E Sep ’06
122 J a n ’06
90
122
94 *2
122
IH II i s
101 J’ne’ 06
102 *2 Oct ’06
125
110
91
12s
112
125*8 ^ ep ’ 06
100*3
100*4
125
109*3
21 92
1 0 2 *^
1 0 2 34
127
114
95 *2
110 O c t ’06
92
92
102*4 Aug’05
83 78 Sale
83*3
84
S l a4 88
97 May’06
95*4 97
120*8 12 1
1 1 7 * 2 ....... 120*8 J’ly ’ot>
24 81
82
82
82 Sale
8 7 7fc
94
93
9 4 34
81"" Sade"
14
96
97
^6 Oct ’06
*4o
80*4
81
»4®4
82*3
76
9 9 34
89
82
108 Sep ’06
133
133
140 M a y ’ 02
IU934 Oct ’Ou
116 *8 A p r ’ 01
106*4 109*2
133 137*2
i 00^2
106 107*4 106*2
10 0 * 2 103*2 1uo 34 Oct ’o6
100*4 O ct ’0 '
1 0 1 ^ A u g ’ 06
99*4
106 **3 i l l "
10 0
104*4
100*4 1 0 0 ‘4
1 0 1 *4 1 0 1 ^
115*2
117*2
124 M a y ’ 05
133
133
136*4 M ay’ 06
116 A u g 06
121*2 O c t 05
133 136
136 *4 136*4
116 119 *2
1 06 *21 12
1 1 2 * 2 Jtm ’ 06
112*3112*2
1 08
110
106
1 3 3 is
1093&
120
133*4
____
83
Sale
100 *2 Sale
106
iu5
106*2
100
83
83
160*2 104 h92 O ct *06
y6 *2 M a r ’ o 6
107 *4 A u g ’ uO
102
95*4 3alt>
9 1 34 8aie
1 04 * 2........
99*8 Sale
8b
O c t ’ 05
109*3 M a r’ o o
l l 0*2 5Ioy*06
110 Jan ’05
108 A u g ’ 06
10 9 *s
lu 9
87
105*’ i 0 7 "
l u 8 *2.........
l o i ^ .........
10 1* 4 1 0 1 in fill* *
110 112
93*2 95*2
10 7 -*s 112*2
83
92
101 104 h,
88
97
96*2 97
107 *4 109*4
110*3 1 1 1
i o r iio ”
J a n ’ 03
81 94*8 97 ®h
96
9 5 34
96 V
91*8
91*4 12 9 1
91*2 9 J
91 *2 M ay', s
109*2 1 1 0
109*2 B eu ’ 06
62 9 8 14 102*4
99^8 1 0 0
98*8 98 V
9 8 s. M a y ’ 06
89
s6
&o*4
86*4
95
9 9 78
95
95
106
106
l ‘*6 F eb 06
ill
Oct ’o6 | ..111 l o 111*4
.. j 10 6
108*4
lt-6 ^ J ’ l y ’ uo
l o 7 4 Jb‘e b ’ 05
105 *3
104 A u g ’ 06
109 *v 1 1 1 7B
1 1 i 7e O c t ’ 06
l l o ^ Oct ’06
110 *3 115
95 *2 Oct ’ */6
■ 9 3 ‘4 99*4
127 *2 B e b 0 2 1
ii I M T h l . A . N
J ln n iiln c u « r iii2 A 1iiiI iihi rin i;
B eth S te e l 1st e x t Bf 5 s .. 1 9 .6 J -J|
U eiil l e a t h e r 2 0 <yeai g as.l925| A o
O oiisoi 1 o o a c c o 5 o -y r 4 s. 1 9 6 1 1V A
R e g is te r e d 4 s ......... .........1951 F A
D istil s e c C o r c o n v 1st g 5 s .’ iL A O
I n t P a p er C o i s l con g U a .l9 i ~ c . A
Consol conv » r g 6b...... 1935 J - J 1
In t St P u m p l o - y r c o n v . 6s T 3 J-J |
K n ic k e r Ic e (C h ic ) l « t g 5 s . ,2> A UI
D a ck a w b te e l 1 s t 1 -s___ 1923 A o
N a t s ta r c h M ig c o 1 st g 6s 1920 -•-Nl
N a t m - i c Im O ' den
j J-J
Re*puB I A S 18t db <o ltr 5 s . 1 J. ; f I O
U
neat a C o s ; d e o k 6s . . 1913 d. >|
U s R e a lty do 1 con v 1*•b g 5 s 12 11J U s ste»- C o rp lO 60 y r o s . d ’ - . .ilR e g ia t e r e d ............. A p r il 1963 M
V a -C a r C hem col ir 5s g . . l ‘ l2|A-
HON U S
W kkk E n din h N
ot
J*rice
F r id a y
A ov 'J
*•2
N. Y. STOCK E X C H A N G E
2
YVeetc*s
R a n y e or
Last b a te
o ©
R anye
hnictt
J a n u a ry 1
L td
L o w U iy A
Ash Low
H iu tt
s o u th e r n P a c Co— ( ( o n tm u eu
1 27
127
)a \
1 2 / S ep ’ 06
M o r g a n 's La db T 1 st 7b . 1913 A O
1 18 1 1 8
1 18 F e b ’06
1 st g o ld 6s ....................1 9 2 0
J J 1 13*2
l o IV to o lO l V 1 0 1 ^
1 0 l °8 Sale 10 1* 9
N o ol Cal le t gu g 6s ___ 1907 J
113 Jan ’0 1
G u a ra n te e d gold 5 a ___ 1938 A
90 i o 2 V
100**1
99 A u g ’ 06
O re do Cal 1st g u a r g 5 s . 1927 .1
8 ^
S 5 V 90
M i3*,
6
S A cfe A P a ss 1st gu g 4 s . 1943 J
1 1)4 J.i 105*2
iU5*b 1 06 ’ 105 O ct ’ 06
So P o l A r g u 1 s t g 6 s . . . e l 909 J
1 0 6 V 107
1 st g u a r g 6s .............. ©1910 J
106 V O c t Vti
lU.5«b
H)2
10 2
10 2
Jan ’ O't
S P ot Cal 1st g 6s C do D 1906 A
111
108
11 L 1 1 3 34
A ug’t 6
l s t g 6s a e r ie s K<& F ...1 9 1 2 A
1 14*2 l ) c c '04
1st g o ld 6s ........................1912 A
119 1 1 9
1 19 J a n *06
ii84
1st co n g u a r g 5 s ..........1937 •I
1 0 8 3* J ’ l y ’ 05
s t a m p e d ........... 1905-1937 a
io o
104**2 Iu 5 V
1U4 V S ep ’06
S P a e o f N M ex ls t g 6s . . 1911 j
S o P a c oast l e t uu 4s g .1 9 3 7 J
111 V J a n ’ 06
T e x d b N O S a b D iv ls t g 6 b . 1912 .vi
ill V 1 1 1 V
110
lu4
10 1
S e p ’06
103
C on gold 5 s ......................1943 j
115
119 V
117 *2 Sale 1 1634 117 V
S o u th e rn —1st coil g 5 s ----- 1994 j
1 j6 U 7 V
116 J ’l y *06
R e g is te r e d ........................1994 J
93
9b *2
94
94
0 3 3i ■'94*
M o b «fe O h io coLl tr g 4 ft.. 1 938 |M
l i 5 119 V
117 V O c t ’ 06
M em D iy 1st g 4 *3-5s ...1 9 9 6 J
9-1 V '9 34
97 O ct ’ 0 6
*97
St L o u is d iv 1st g 4 8 ___ 1951 J
113
113
113 J an ’ Ot
114 *0
A hi C en R 1st g 6s ..........1918 J
96V
96
96 J ’ u e ’ Oc
91
A ti
D a n v 1 st g 4 s ........ 1948 J
92
92
92 J ’ n e ’Oi
91
2d 4 s .................................. 1948 J
A ti do Yad 1st g g u a r 4 8 .1 9 4 9 A
112
116*2 M a y ’ 05
C ol «fc G r e e n v 1st 6 s ........1 916 J
114 V 1 1 8 115 V O c t ’ Ob
115
E T Va do G a D iv g 5 8 .. 1930 J
l i 6 119V
U S * * O c t Ob
116 *2 118
C on 1st goh l 5 s .............. 1956 A1
.12
O c t ’06
116V
E T en re o r lien g 5 s ........1938 M
7 2 *4 72*4
7^*4 A u g ’ OG a M id la n d 1 s t 3 a ..........1946 A
120 ....... 120 O c t 06
Ga P a c R y 1 st g 6 s ..........1922 J
.. 132*4
.........122
1223s A p r ’ 0^
K n o x do O h io 1 st g 6 s . ..1 9 2 5 J
b 1 L2 V
114*4......... 1 i'4*s 114 V
R ic h do Dan c o n g 6 s ___ 1915 J
1093 b ......... 1 12 34 J a n ’ Ot
1 1 2 34
D e b 5s s ta m p e d .............. 1927 A
B’e b ’05
87
.......... 98
R ich do M e e k 1 st g 4 8 ...1 9 4 8 M
iUo 108 V
8 0 C ar do G a 1 st g 5 s ___ 1919 lid
1053 b .......... 10838 o c t ’ 06
L 12 112
112
111
......... 112
V ir g in ia M id s e r C 6 8 ...1 9 1 6 fd
10678 ....... . 110 D e c ’ 04
s e r ie s D 4 -5 s .................. 1921 M
109*4....... 113 D e c ’05
S e r ie s E 5 s ........................1926 M
G e n e r a l 5 s ..............
1 936 .VI
110*2 114*2 111*8 Sep ’ 06
111 *8 114 V
109*2 114 *2 :
107 *8......... 109*2 M ay’ 06
G u a r s ta m p e d ............1936 M
94 V 9 4 Hi
W O do W 1 st c y g u 4 8 ..1 9 2 4 F
94 Hi......... 94*2 O ct ’ Ob
W e s t N C 1 s t co n g 6s . . 1914 J
112 ........ 11134 l l l h
111 V H 4V
8 <fc N A la b ee L do N
117 J ’ ly ’ 00
— i
S p o k B'ails do N o r 1st g 6 s . 1939 J
10 0 N o v ’ 04
S ta t Isl Hy 1st g u g 4*38. . 1943 J
S y r a B in g & b Y b ee D L<fe W
109 112
105*2
109 M ay»06
I e r A o f S t L 1 st g 4 *38 ..1 9 3 9 A
117 O c t *06
I 1 s t co n g o ld 5 s ___ 1 89 4-19 44 F
J 19 1 2 0 V
116*2
95V
95*2
95*3 Sale
G e n r e fu n d s i g a s ..........1953 J
94 V 1 0 0 V
ill
1 U
111 J ’n e ’ 06
S t L M B g e T e r g u g 5 s . 1930 A
110*2
X ex db N O b e e S o P a c C o
119 120 V 120
U 16 124
120V
Tex & P a c l e t g o ld 5 a ........2000 J
92 1 0 0
85 102
1 0 0 O c t ’ 66
2d g o ld in c 5 s . . . .............. 0 2 0 0 0 M
103
ill)
M a r’ 06
L a D iv B L 1 st g 5 s ........1931 .)
1 u8 j4 H O
W M in W<fc N W 1 s t g u 5 s ’ 30 F
106*2 N o v ’ 04
illV il5V
113 *2 O ct ’ db
Pol do O C 1 st g 5 s ................ 1 935 J
111
M a y’ U4
W e s te r n D iv 1 st g 5 s . ..1 9 3 5 A
106 A n g ’ U<
G e n e r a l g o ld 5 s ..................1 9 3 5 J
1 0 6 109
97
9 5 3^ 9 9 V
97 O c l ’ 06
K an do M 1 st g u g 4 s ___ 1 9 9 0 A
98
9 L38 89 *2 S e p ’ Ob
90
Xol P do W 1 st g o ld 4 s . . ..1 9 1 7 J
89*2 9 3 \
89
9 0 O c t ’ 06
Xol S t L d s W p r Lien g 3 *33-1925 J
> 8 4 90
8 0 5q Sale
5 0 -y e a r g o ld 4 s .................. 1950 A
7 9 34
80V
7 a 34 84*2
94
99 *2 N o v ’ 05
T or Harntfc B u ll l s t g 4 s . / i l 9 4 6 J
111
r do D el 1st c o n g o s 192b J
llo
111 A u g ’ v-6
113
113*4
L1|iste
1 st r e fu n d g 4 s ............1952 A
93
93 S ep *06
.......... 93
94 V
Un P a c U K db 1 gT g 4 s ...1 9 4 7 J
103 V ^alt 102 7e 103 > bi 102 V 1 U6 34
2 1 0 L*4 106 V
102
lU 2
R e g is te r e d ........................1947 J
1 0 1 3fi 1 . 99 *2 102
O re R y db N a v c o n g 4 s . 1 9 4 6 J
1013s S a le 1 0 1
O re S h ort L m e l s t g 6 s . . 1922 F
5 120 126
123*4 123*2 123*g 1 23 V
1st c o n s o l g 5 s ...............1946 J
8 116 119
117
116 *2 116 E
G u a r re fu n d 4 s ............. 1939 J
* 953I Sale
95 *2
9 5 34 3b 94*4 97 V
R e g is t e r e d .................. 19291J
94*4 O c t ’ Ob
94*4 94*4
U tah do N o r 1 st 7 s ..........1 9 0 8
105 105 V
105 A u g ’ ub
103*2
G old 5 s ............................... 1926
110 110
103^8
110 J ’ n e ’ uO
Uni N J K K do C C o b ee P a R R
Utah C e n tra l b ee R io G r W e s
Uiah<fc N o rth b ee U n P a c ih c
U tica do B la ca R b ee N Y C ent
t and a lia c o n s o l g 4 s ___ 1 955 F -A
102 V 105
98
1 0 2 7b F e b ’ 06
9838 102
^ era C ru z < te P ls tg u 4 *381934 J - J
98 S e p ’ 06
98
98
V e r Vai ln u do W b ee M o P
V ir g in ia M id Nee S o u th R y
114*2 Sale 1 1 4 V
Va Co s o u t h w ’ l 1 st g u 5 8 .2 0 0 3 J -J
1 108 1 1 4 V
114*2
a ba sh 1 st g o ld 5 s ....... 1939 id-N
113 Sale i 13
2 b 1 1 2 V 119
116
2d g o ld 5 s ...................1 939 F -A
1U5105 “v 14 104 109
lU O *2
D e b e n tu re s e r ie s A ........1 939 J - J
96 A u g ’ O
97
87*2 98
S e rie s B ............................ 1 939 J - J
* S o " 81
19 34
82 V 42 b 7 2*2 86*4
1st lien e q u ip s fd g 5 s .. 1921 id- 8
10 0
10 0
10 0
S ep 06
1 st lien 50 y r g te rm 4 s . 1 9 5 4 J J
93 M ai ’ Ui
93
93
91
D e l db Ch E x t 1st g o s . . 1941 J - J 110*4
10934 S ep ’ u 6
108
110
D ee Aioin D iv 1 st g 4 s . .1 9 3 9 J-J
97 N o v ’ O-i
Om D iv 1 st g 3*28............1941 A -O
85 *2 M ay OH
84
86 *2
Xoi do Ch D iv 1st g 4 s . . . 1941 »d- b
94*4 A u g ’ Ot,
92
95*2
S i C has B rid g e 1st g 6 s . 1 90b A -O
J09 ^ M ai ’ Ui
SVab P itts T e r m 1st g 4 s . 1954 J -D
82
15 82
82*2
85
90 V
2d gold 4 s .............................1954 J -D
34 l4 Sale
52 34
35
34 V
41*4
W a rre n bee D ei L a c do W e st
W ash C e n t b ee N o r P a c
W ash O do W b ee s o u th e r n
W e s t M a ry la n d 1st g 4 s . . . 1952 A O
83
Sale
83
84
82 V 8 8 V
G e n do Conv g 4 s ...............1952 A -O
/0 *2 O ct *06
69
76V
70*2
W e st N \ do P a 1st g o s . . 193v j - J 11 5 34
111 118
11 o 34 115
G en goh l 3-4a......................1943 A-O
9334 9 7 °»
94 V Sale
94 V
94 V
in c o m e 5 s ......................... £71943 N ov
30
31
30 M a>’ 0t
W est N o Car b e e s o u th R y
W V a C e n t d s P l s t g 6 s . .1 91 1 J -J
106*2 Aur*n
106
106 *2 109
W 'heel’ g do L E 1 st g 5 s . . .1 9 2 6 A -O 109 *b
112 114
1 1 - a4 J ’ ly Oi
W h eel D iv 1st g o ld o s . . 192b J -J
A0 b
12 V 112V
112 * 2 F e b ’O
E x te u do im p uold d a ...1 9 3 0 F-A l» <9
111 V A u g ’O.
R R 1st c o n s o l 4 s ___ _____1949 .Vi-S
86 *4 Sale
86
93 V
86
S'
2 0 -y e a r e q u ip s i o s ... 1 9 2 2 J -J
102*4 D e c ’ 05
W ilk e s do East bee E rie
W’ U do b io u x B’ b ee 8 L P M. db M
W’ is C e n t 5 0-yr 1st g e n 4 s . 1949 J -J
95
9 0 V Sale
47 3 9
89 V
90
112
W
lh ).S t) -*— l 'o fic iu .ie d .
UlhCCi.aili'OIlM
96
Aug’OO
96
98 V
9 - 34 61 1 9 o34 1* 2 V
8334
1 | 77
78V 78 v
1 h *4 Mai ’O- . . .
7 - *4 73V
■-1
90
87
87 v
2 . 100 V i 10 V
106 V Sale
6V lo7
20 •».> V 100
9l
9 3 V 94 *■ 9 1 4
10 LV lo3v| lOl Oct « t |. . . . 101 104S
...................... 97 V O cl ’ u: ... j ....... - .........
•02 J-i 10>*»
102 V I 03 4 . 0 4 O ct 'or
93 1.
9 1 h4
84
88
8
73
77
....... 76 '
7
p7
..
96
......... 9 '
O ct
u7 10'»l o p v J ly
106 liO
•
*
1
p ) v PPV
95 V
94 V 90
■U . 104
lo .
97 V
98*4 Sale
\)<
'.8
j 9 V 1ou l4
94
95
98 V Sale
TbV 79
....................
Sy Bale
97 V ........
.n
90
>7
97
# N o p r ic e BTnlay; la te s t bid and aaketl Una week-
a D uo
j
an
IOI -
Adams B-x coi tr g 4 s .._ .1948
Am i>k do iiui»6a b ee Cent N J
A in s s Co 01 W Va g 5 s ___1920
R'Ki’n BerryCo l»i cons g 6 s ’4b
'JlncJc do S i Vard col g 5s. 1915
net M do M lo nr incomes., l u l l
•lobokt a i. do 1 gold 5 s ... 1910
lad bq Garden 1st g 5 s ..1919
' | h :
.\ewp N eSlup do l) D 5 sd lo 9 0
s V Dock 30 vi 1st e 4 .-.. 1961
Provident Lo-m x>c 4 ‘gs. 1921
>t J esepli Stk Vtla 1st 4 ‘2H.193U
1 L i» i CttpplesBuit’u dr Prop,
Ho 1st u 4*28 5 2u year..ID 1 ,
^ »il>.t W ai >’«> con g 6 m. .1,91:.
p \ al \\ at Works 1st 6s t o w
u S Red A Ref 1st hi g dB.llKil
©Duoi eu
tDifc 5la y
y u u o j ’no
VI-s
I102
102>2......... 102 V Oot ’ 06
06
lOOV
41
108
70
943.1 9 5
9i4,
.\I- N
B A
J-J
A O ' .........
r\i*N
tvi-N
M-N
3 - .J
A'' *A
J’no’02 . . . .
41
58
Oct ’*'6
......
J’i)fl7J'
Sup ’ 06
69 V 73
,m. . . . . . . .
•«mmm*
•••« ............ . . . . . . . . . .
. . . . . mm- r-n
50 B'eb’o . . . .
94
‘1
1
[M-S
J -J
0 0 0 V bep ’0. . . . .
J•I)
.1 - J
M- S
' *2 J ’ ly *0 i
11 V X iy ’OO
U u g j ’ iy
ri
‘fcj
104^
17
pD uoN or
Oi l
93*4
90
i*8
9J
.
.....
.
*06
iCQBiOii bale
95
108
CHICAGO STOCK EXCHANGE — Stock Record—Daily. Weekly and Yearly
ST O C K tr ^ H l G U L S T A M D L O W R S I &A L K P R IC K S
Satu m a y
Oct 2 7
•140
170
*5
6*2
*16
18
52 U 02*4
* 4 :2
5
*15 4 16
62 4 63
86
86
*25
26
* ........ 66
*42
45
* ....... 25
* ......... 6 4 4 j
-9 2
94
29
29
*99 100
*30
34
M on d a y
Oct 29
*140
170
Tviesday
Oct 30
-1 4 0
*5
54
*15
18
5 3 ’^h 53*4
'5
*15
53*4
*44
*15
62
62
62 4
86 4 86 4 - .........
25
26
26
- .........
«......... 66
44
45
* .........
- 24
25
*.........
......... 64 4 *•.........
* 92
94
92
29
29 4 *28 4
*99 100
99
34
34
*30
170
W ednesday
Oct 31
*140
170
T h u rsd a y
Mov 1
F r id a y
N ov 2
R ju h o a d *
-Oct ’06 C h ic C ity R y ...............100
C lue Pass R y . . .
54
O c t ’ OH Clue <fc Oak P a rk ....... 100
16
O ct ’06
D o p r e l................ 100
*5 3
54 C h icago ’S u b w a y ....... 100
44
O ct ’06 C h ic U nion Traer
l(Hi
76 4
O c t ’ Ob
D o n rel
100
•624
63
K ano C ity K y A JLt ..1 0 0
8
85 4
D o p r e f................ 100
*24
26
M e tro p o i W S E l e v ..l 0 0
65 4
O ct ’ 06
D o p ref
100
44
44% N orth C h ic S tr e e t___ 100
15 4
Oct ’06 N o rth w e ste rn E le v .,1 0 0
-62
64
Do p r e l................ 100
*92
94 Soutli Side K ie v ......... 100
294
2 9 4 Streets W Stable C L l o o
*98
100
D o p r e l ................ 100
*2J
34
W est C h ic s t r e e t ........100
L a s t S a l e 140
-5
64
54 Last
Last
lb
*15
18
*53
5 3 34 . . . . . .
Last
4 34
Last
16 '
63
62 4
62 4 *62
85
85
85
864
25
*24
*24
26
66
Last
*65
66
*40
*40
45
45
+
Last
25
25
62
*62
64
64
*90
91
91
92 4
29 4
29 4 *28 4 2 9 %
99
99
*98
100
*29
*29
33
35
Sale
Sale
54
Sale
sate
62 4
85 4
25
Sale
45
Sale
62
92
30
99
33
R<vnge lo r Hear
1906
Sales
of the
Week
<harr'f-
tSTOOKrt
C H IC A G O S T O C K
EXCH ANGE
lx) west
140
260
200
4 ±0
87
150
200
151
28 o
310
10
tcange tor ly-eviovu
Y ear (1 9 0 5 )
H 10 hest
Sep 28 200
Jan
Lowest
5 180
7 l4 .7a 11 17
5 k4 O ct 1>
16 ” O ct 16 28-4 Jan 2
ot>4 J ’ ly 13 o o M a y l
4 J ’lv 12 1 3 4 •»*i>20
4 6 4 A1 ar 1-/
54 4 Ian 2 6 b 4 F eb 9
8 * O ct 3 i 9 3 4 Fe b 8
25 O ct 30 30 J ’ ne 8
65 4 O ct 3 72 4 Jan i 3
Ho Alar 14 85 M ar 12
23 4 J T y 2 4 28 4 F eb 2.,
60 At ay 2/, 68 4 Alar }
89 4 A p r 3
9 ■ J !iie
27 A laylb 3 0 4 Alar j,
98 Jan 2b 1102 J ’ ne » 5
23 A p r 10 60 Feb 19
Hit] nest
Jan 205
O ct
7',i J an
4 J ’ ly
16 J ’ ly 28 Deo
40 Oct 8 7 :,4 AUg
ft h. .T’ nt‘>ft J ’ |y
30 JaD 60 Sep
8 2 4 Jan 93 ^ >ep
20 Jan 28 4 O ct
7 3 4 Sep
55 ‘ J ’ ly 99 Fe b
21 M ay 26 Deo
60 Alar 68 O ct
99 4 M.t\ lOO A u g
27 Aug 30
96 De c 103*4 Mar
40 j in 72 F eb
y
J iU ce K a n e o u H
64
410
64
*64
64
64
6 4 A m e rica n C an ___
100
63s
64
6 J ’ue28 i 1 78 j an 20
54
55
54
544
54
544
973 51 J ’ly J3 72 " Jan 25
Do p r e f................ 100
65 4 5 5 4
127
127
-135 s8 . . . . . . * 1 2 5 4 1 3 0
50 115 Keb 9 12* May 2,?
... ... ...
*124 125
A m er R a d ia tor......... 100
*131 l . i i
130 130
-1 .8 4
131
* ......... 13 L
-1 2 8 4 132
i'jy A u g i 7 136 J an 17
D o p r e f................ 100
70
72
74 4
75
A m er Ship o ld ?
lo u
46.: 54 J an 13 7 5 N o v 2
no
110
-n o
112
10 1
Jan 11 i 10 UCt l •
D o oret
10 0
Sep ’06 A m er Straw B o a r d ......... ......... 17 b e o 2 8 3 . Sep 22
*31 ......... -31
34 4 *31
3 6 4 L a s t S a l e 31
36 4 *31
*38
39
3 8 t2 38 4 *38
*38
39
38
38
30 36 Jan 23 40
39
*38
39
Booth (Ay <fc C o ......... l o o
Feb 6
L a s t S a l e 108
Sep ’ 06
*106 108
-1 0 6 108 *106 108
108 Jan 25
D o p r e l................ 10 0
*106 108
-5 7
58
*56
-5 6
58
*56
58
58
30 55 At ay 2 6 64 Feb ».
58
68
*56
58
Cal & Clue Canal <fc DlOO
L a s t S a l e 175
May* 05 C entral T ru st B ank 100
i 68 a8 At ay i 8 175 Alay3l
L a s t S a l e 16
Alar’ Ob C h icago A n ditorin n i
16 F ed 1., l b *«2 Feb 23
*i
1
1
-1
1 4 C hic B r e w ’ g A A lalt’ g ___
200
*1
1H
1 Alar 6
14
1 M ar 6
*1
1^
*1
14
*6
A p r ’06
-6
64
”6
64
*6
64
7 J an 16
64 Last Sale 64
Do p r e f.........
6 4 M a r io
145 145
14 4
1 4 4 C hic E d i s o n ................ 10 0
145 145
- .........147
- ......... 145
148 148
*213 ISO j - l y a i 16o F e b 15
2 l o 49 M ay 2 63 F e b 9
- . . . . . . . . . - 4 8 4 5o
49 4
49 4 C ju c P n e u m a tic T o o l. 100
60
60
50
50
49
49
*118 120
- 118 120
118 118
118
120 c lu e T e le p h o n e ......... 10U
-11 8 120
9 i o l A p r 2 / i39 Jan 15
-lib
119
i j a s i S a l c 110
*109 4 1 1 0
Oct ' 06 C hic Title'
- 1 0 9 4 110
103 .w«y 3 U 8 Jan 9
•1094110
-109 4 HO
T r u s t ... 100
125 125
125 125
125
125
1 2 4 4 125
497 1 1 8 J ’ ne t> 147 t*rtU \
D iam ond M a tc h ......... l o o
*124j4 124 7t L2434 125
48
49
15o 4 i 4 S e p j 7 1*4 Jan 23
4 6 'e 47
*<*74 48
*47 4 48
49 Ha
49 4 Illin o is B r ic k .............lOu
*46
4 6 '*
Last Salt 314
N o v ’ do K n ick e rb o ck e r fop
11)0
F e b ’ Oe
L a s t s a l e 80
Do p ref
lo o
79 4 F e b 23 80 F e b 28
L a s t S a l e 17
J ’ n e ’04 L on don & C hic C on ir
L a s t s a t *■ 9
D e o ’ O* Alan u la ctu r era’ F u e l
L a s t $ a i e 46 4
O ct ’ Ot M as on 1c ’ Pern p 1e
46 At ay22 4 s Sep ■'5
L a s t S a l e l 7s
J ’l y ’06 Mii<fc C h ic B rew ’ g
1 4 A iayi9
i 4 Feo 0
L a s t S a l e 22
Sep ’o o
D o prel
21 J ’liei.
23 Alar 7
75
73 4 7 4 *v
895 62 M ay 2 . 7 4 O ct 24
76
76
75
75
75
74 4
74 4 N ational B is c u it....... 100
75 4 75 4
59 1 1 3 4 J an 4 119 O ct
i 18 118** *118 ......... 1 1 8 4 1 1 8 4 1 1 8 4 1 1 8 4 1 1 8 4
*118 ID '
1184
D o p r e l................ 100
*87
88
-87
88
86
135 78 Jan 5 95 M m- 3
87
-8 5
87
- 85
87
*85
>>5 4
N ation al C a r b o n ........l o o
1 -0 120
120
120
32 115 Feb 2 J 1 2 2 4 M ar 9
116 119
'1 1 5 118
* ......... 116
* 1 i 6 7e 119
Do p r e f ................ 10U
L a s t s a l e 5 °4
May’ 05 P age W o W ire F e n c e
L a s t S a l e •97 4
J ’ l y ’06 P eople's Gas L<fe C’ k pio o
88 '8 P ly li< 93 S’ A1 ay 1 7
5.1^4 -5 5 ......... •5 5 4 0 6
Last Sale
*55
SoU •65
50 A u g 2 55 A u g 24
Sears R o e b u c k co m . 100
93
93
'•93
93 4
93
93 %
93
628 92 4 o c t 1 l 99 Sep 1
*'J3
95
934
95 5q 95-4
do
p r e l................ 100
112
1
1
2
4
1
1
2
4
113
*
-4
113 “ 114
1L3 1 1 5 4 112 1 1 3 4
11378 114
Swift' & O o.................... 100 4.268 1 0 1 4 Jan 17; 1 1 9 4 Sep 27
-1 3 0 135
-1 3 0
135
-130 135
i o 115 A la yl‘ : 5 2 Jail 5
'1 3 0 135
-132 135
136 135
The Q uaker O a tsC o.lO O
*101
1014
95 100 Sep 6 i.oba4 r eb 1 5
*101 102
*101
1 0 1 4 * 10 1 101 > 1 0 1 4 I 0 I 4 101 101
Do p r e f................ 100
2
1 4 J ’ne2;
14
14
•1*4
2 % Jan i2
1*4
14 U n it’d B o x B d & P ColUO 1,520
1 7S
178J
178
1 7&
14
14
114 114
L l38 11
114 114
114
114
D o p r e l ................ 100 l,3 y 6
8 4 J ’ne2B 17 4 Jan 20
114 114
114 114
60 2 9 4 J ’ ly 23 42 M ar_ <
33
* ......... 31
30 4 30 4 *31
- ......... 3 1 34 *30 ^ 31%
W estern S to n e ......... .1 00
6 **8 6 38
5 5 4 554
-1 2 4 4 1 3 0
- ......... 1 3 0 4
104
104
id
44
Last
Last
Last
10 4
184
*'4 4
Last
Last
10
44
Sale
'Sale
Sale
10 4
19 4
44
Sale
Sale
J 7e
36 ^
>9%
* To
394
■ -4 4
<S54
74
M a r’06
M ar’ 06
J ’n e ’O*.
10 4
19 4
44
F e b ’06
J ’n e ’ 06
•3
P rice
L r ia a y
JSlov 2
Weetc's
R a n g e or
L a st Sale
475
425
25
54
36 4
294
74
144
34
85 4
6
u c i 40 J an
Alai i 12 A ug
J ’ ly 70 uciT
Feb l5() Alar
1O J an
h .1 ’ nt
1 J:‘ 0
6 J ’ne
7 Jan
153 Jan 172 Feb
32 Jan 5 8 l4 iie c
L25 Aluy 143 4 Feb
95 A p r L18 D ec
134 4 Fe b 145 - A U g
55 .i’ ne 67 N ov
11 F eb
63 F e b
35
105
50
1 48 4
44
Mai
2
». Hit
19 >ep 23 o c t
5 2 4 Aug 6 7*^ D ec
1l 0s4 A ug I 20 4 Mar
41 Jail 80 l4 D ec
ilO Jan 12 0 J ’ ne
5 4 pr
9 9 58 May 110*4 A p r
101 D ec 114 Jan
4 6 Jan 165 De c
&6 4 Jan lOo 4 N ov
2 4 Apr
4 :‘a j ’ly
8 A u g 16 D ec
23 Feb 41 A u g
Alar 7
6 4 F e b 21Alar 7 3 6 4 .M a r 1
J ’ n e l6 4 4 4 F e b 2 i
J ’ly 14 14 14 Lari9
M ar 7 19 4 N o v i
J ’ly 26
Feu _3 35 l4 r eb 23
F e b 24
7 4 J ’ne 16
Chicago Banks and Trust Oomoanies
Chicago Bond Record
BOND8
?*
C H IC A G O STOCK E X C H ’ GE
'>
W eek endlnw N o v 2
M in in g
A d v e n tu re C o n _____ 25
A Honey,......................... 25
B in gh a m Con M in in g 5o
B ia ck M o u n ta in ................
D a iy -W e s t..............
20
H u b b a r d -E lL o t t...............
N o B u tte ....................... 15
sh a n n o n . . ................ 10
14 A pr
Jar 73 -2 A p r
J an 110 Dec
F eb 134 Dec
59^4 sep
98 4 Jan 11)Fi L.. AT
60
76
125
<
R ange
® O J a Since
n u a ry j
O rsl
Jti igh Mo.
Bid
Ask- Low
Amer B iscuit 6s
1910 F-A
99 78
99 4 May’06
Am er Strawboard 1st 6 s.. 1911 J -J
2
Ca.ss A v e fo. F G (St D) 5s ) 9 12 J - J 102
1 0 2 4 1 024
Chic Board of Trade 4s .. .1927 J-D
1 0 1 4 101 “ M ar’Ou
103 A p r ’ 04
Chic Consol Br A; At It 6s
J -J
55 J ’ne’ on
55
Chic Consol T rac 4 4 s ....... 1939 J-D
Oliic Edison debent 6s___191:. J-J i 100 4 Sale 100 4 100 4
102 A u g ’06
1st gold 5s ___
/i,192^ A-O 102
96a4 Jan ’ U6 __
100
Clue A uditorium 1st 5 s ... 1929 F - A
Chic Dock Co 1st 4-s
1929 A - 0
98
Chic No sh ore E lec 6s
1 9J 2 A - 0
87 F e b ’06
C h ic <% ADI Elec Ky 5s
1919 J - J
Chic Pneum T ool 1st 5s .a-1921 J -J
8158 814 8
8 1 4 32
79 N ov’04
Clue R ock I A Pae RR 4s 2002 M-iN
Coilat T rust g ns
_ 1913 M-S
80 A p r ’04
Commorswealth E lect 5s />1 94>. M-S 103 103 4 103 Oct ’ 06
90 Oct ?06
90
Illin ois T unnel 5 s ............. 1928 J-D
Kans City Ry &■, i d Clo ns 1913 Art-N
99 B ep’ 06
Knickeri> cker fee 1st 5s 1928 A - 0
9 9 4 J ’l y ’06
1iM.ke street. El 1st 5s
1928 J - J
95 Oct ’OJ
96 100
16 May’ 05
Incom e 5 s ........................1925 Feb
’ 914
9 1 4 11
91
M etr W Bide E i 1st 4 s ___1938 F A
86
86
5
86
E xtension g 4.s______ ..1 9 3 8 J -J
90 F e b ’ 06
N orth Clue Bt 1st 5s
1909 J -J
1st 5s . . .
.
1916 J - J
79 A ug’06
R efunding g 44 s .
1931 A-O
75
85
80 J ’l y ’06
N o Clue City R y 4 4 s ...1 9 2 7 AI-N
N or til AVest’ n E l 181 4 s. .. 1911 Al-S i 9 0 4 91
904
90 4 11
95
9 0 4 Oct ’ 06 __
Ogden Gas 5 s .................... 1945 M-N t 90
100 4 M a i’06 ___
Pearsons-Taft 5 s..............1916 J-D 100
M-8
97
9934 J ’l y ’ 06
4-40s .
99 Oct ’ 06
M-N
97
4*60s Series E .................. ..
99 4 Sep ’ 06
99
120 A p r ’06
People's Gas L & C 1st 6s. 1943 A-O
102 4 1017e J ’ly ’ 06 __
R efu n din g g 5 s ............. 1947 M-S
4
Clue Gas L t & C 1st 5 s.. 1937 J -J ilU 4-o Balt. 104 4 104 4
104 J ’ne’06
Consum ers’ Gas 1st 5 s.. 1936 J -D
Mutiiai Fuel Gas 1st 5s 1947 M-N
6
South Bide E lev 4 4 s .........1924 J -J 10 L4 Bale 1 0 1 4 1014
S w ift <fe Co 1st g 5 s ..........1914 J-J t ........ 102 102 Q e tT b
lOO i O l 4 B ep ’06
Union E i (Loop) 5s.......... 1945 A-O
114 N ov’04
Union Pacific eonv 4 s ___1911 M-N
75
77
76
76
U nited B ox Board 6 s...............
5
90
92 .T’ly O l
W est Chic Bt 1st o s .......... 1928 M-N
Tunnel 1st 5s
T __1909 F-A
68 4 Bep ’05
D ebent 6s ,
___1914 J-D
60 A ug’ 06
66
66 Octf’Oi:
C onsol g o s . . . .................1936 M-N t 65
85 Oct ’ 66
W e st Dav City Ky 4 4 fl 1932 J -J ± ........ 90
9 6 4 Jan ’06
W est’m Btone Co o s ____1909 A -0
N o t e .—A ccru ed interest mus t be added to all C hicago bo nd
Low
H ig h
99 7e 100y4
102 1 0 3 4
101 101
55
55
LOO 4 1 0 4
102 10334
9634 9634
87
87
80
90
102 4 1 054
90
95 ~
9 8 4 100 4
99 v lU0 ''
95 10U
91
854
90
95
«9
90
79
91
80
924
90 4 944
89 LOU4
100 4 100 4
99 4 99 78
99 “ 100 ~
99 4 loO
120 120
IOI^q IUo ^
1044108
L04 I0 5 7e
103 4 103 4
101 ~ 105 58
1013s 103:4
1014105 4
65
80
60
55
85
96 4
77
1014
85
844
95 4
96 4
price s.
NAALE
Outstand
s u r p lu s &
In
in g
Profits\
1904
Stocks
Bankers N a tio n a l....... #2,000,000
100,000
Oaiumet N ational.........
500,000
Chicago C ity.................
Chicago Savings.......... fc 500,000
Commercial N ational.. fc2,000,000
Continental N ation al.. 4,000,000
50,000
Cook Co State Savings
Corn E xchange N a t... 3,000,000
200,000
Drexei sta te .................
600,000
D rovers Dep National
200,000
Englew ood State ..........
500,000
Federal N ational ...........
First N a tion a l .................. 8,000,000
100,000
First N at Englew 'ood..
500,000
Foreman Bros B ’k ’g Co
Fort Dearborn N at___ 1,000,000
500,000
Ham ilton N a tion a l ___
H ibernian B ’ k’ g A ss ’11 1,000,000
200,600
Kaapar state Bank ___
20u,OOU
^lonroe N ationa l .........
250,000
Mutual B a n k ...............
N ai Bank of R epublic. 2,000.000
National L ive S to ck ... 1,000,000
50,000
N orth Bide State s a v ..
100,000
Oakland N ational.........
250,000
Prairie N ational..........
250,000
Prairie S t a t e ..............
300,000
Pullm an Loan <fc S av ..
250,000
Railway E x ch an ge___
200,000
South Chicago Savings
state Bank of Chicago. 1,000,000
250,000
Stock Yards Saving's..
200,000
Union Bank of Chicago
200,000
U tucti Stock YMs Stale
Am er Trust «fe Savgs.. 3,000,000
Central T rust Co of 111 2,000,000
600,000
Colonial T rust & S av..
200,000
D rovers T rust <fc S av..
First Trust & Savings 1,000,000
Illin ois T rust <fc Sav“. . fc4,000 000
200,000
Kenw ood Tr & Savings
200,000
Lake V iew Tr & Bav..
200,000
L ive Stk Tr<& Sav B k.
Merchants* L’ n<fcTrCo 3,IKK*,000
750,000
M etropolitan T r & Sav
N orthern T rust Co Bk 1,500,000
200,000
Peoples Trust
S a v ..
500,000
Royal T rust C o ............
Uiuon Trust C o............ 1,000,000
Western T rust & Sav. 1,000,000
200,000
W Side T r & Sav B k ..
200,000
W oodiaw n T r& Sav Bk
#1,133,33 l
8
34,314
114,19.- 8 + 5
fc 7 3,0 69
1,950,962 12
2,196,917
8
4,392
6
12
4,lUd,867
6
20,57 7
8
316,716
26,597
6 ■,634 Began
6,742.340 12
130,530 13+4
634,529 P riv
305,227
6
167,482
1,078,315
8
62,238
17,671
65,313 Began
1,05a,369
6
1,328,26 t 12+3
7.749
6
28,506
6
66,0088,957 1138
216,827
8
u,013 Began
53,459
5
855,943
6
129,987
30,49i Began
36,406
2,37o,358
7
937,07*
4
545,14.'
5
b'S3d4
6
1,435, /
6,896,34 9 12+4
*27,057 Began
18,52 4 urga
8 , 1 4 / Incur
3,8?v,78l
12
309,541
6
1,691,004 ■8
48,734
502,634
6
805,485
270,887
6
9,893 Began
21,408 —
||D iv id en d s are paid Q-J, w ith e x tra paym en ts Q-BY
1| In clu d e s specia l dividend, o f 30% d eclared A u g . 10, 1904.
t S ep t. 4, ’00 fo r N a tion a l Banks and Sept. 5, *06 fo r State in stitu tion s.
^ B id and ask ed p rices; n o sales w ere m ade on th is day.
t N o p rice F riday; la test p rice tins w eek .
©D ue D ee. 31.
b D u e J u n e,
h D u e J u ly .
fc Capital and su rp lu s to be in crea sed
D ivtueau
in
l9 o 5
ter -
tcecoro
L a st P a id
tod
%
8
•+J Oct ’ 06, 2
N one J -J i iy ’06, 5
10
J -J P ly ’06, 5
Q-J Oct
Q-J Oct
Q-J Oct
^ -J oct
Oct
3 - j Oct
Q - J Oct
busiu ess o c t
||12
Q -J Oct
(J-J Oct
"10
ate Ba iik
6
Q-J Oct
12
8
6
12
6
8
’06, 3
’06, 2
’06, 1 Hi
’06, 3
’06, I 1*
’06, 2
’ 06, l 1*
16, 1905
’ 06, 3
’06, 2**
’06, l i a
8
Q-J Oct
’06, 2
busm
6
12+3
6
6
Q-F N ov
ess Oct
<+J Oct
oct
Q-J Oct
J -J o c t
’06, 1
2, 1905
’06, l 1*
’06, 3
’06, l i*
’06, 3
8
o -J Oct
8
^ -J o c t
bu sin ess July
4 Q-J Oct
8
Q-J Oct
N one
May 1, 190 5.
N one Q-J Oct
8
Q-J Oct
0H2 Q-J Oct
5 4-5 Q-J Oct
6
Q-J Oct
’ 06, 2
’06, 2
3, 1903
’06, l 1*
’06, 2
12 + 4
J an 0 ,
uized
porale
12
6
8
6
II
190
Nov
d M
Q-J
J -J
»06,
’06i
’06.
’06,
’06,
l 1*
2
134
2 **
l 1*
Oct ’06, 3
5
18, 1905.
arcli, 1905
Oct ’06, 3
J’ly ’06, 3
Oct ’06, 2
F-A Aug ’ 06, 3
Q-J Oct
6
busin ess Sep
—
Q-J Oct
’06, r»*
5, 1905
m
1%
Nov. 3 11)06.
1085
THE CHRONICLE
1 I ik Iiimii*iii i iiiki .llu»cei
Cuban 6s of 1S96..............
1 .4Sk
1 04
t 125
6
5d«
|Dom inion Copper (new ) 1
4
6
1Douglas Copper .............5
T R A N S A C T IO N S A T T H E .NEW Y O K E STOCIK E X C H A N G E
25
15
E lectric Boat............... 100
70
00
D A I L Y , W E KILL Y A N D Y E A R L Y
P r e fe r re d ...................100
N o H udson L H A Pow —
10
14
E lectric V eh icle......... lo o
os 1938.................... A-O $108
20
17
Pi of e r r e d .................. 100
4
1,0 A I mi C N a t A 111 .1 0 0
8
S tocks
6
34
Empire S teel...............100
29
W$4k ending
1st 6« 1926...............J-D
B a ilr o a d &c
State
V s
80
76
P re fe r re d .................. 10<»
68
71
A'09 2
Pat A Pas Gas A EleolOO
Bonds
B onds
Bonds
39
43
Federal su g a r, co m .. 100
B a r v a lu e
1| Con k 5s 1949___51-S $100 103
S h ares
iy o 6
78
74
P referred .............. 100
St Joseph Gas 5s 1937. J-J $ ........ 93
73
75
HGeneral Cliemicai ..1 0 0
$37,000 $13,200
*691,500
248,844 $19,621,900
d a ta rtlA j......... .
T e le irr A T e le p h o n e
104
7,000
1i P referred .................100 102
1.409.500
142.500
42,195,000
526,470
H onda y ............
5
;V*8
S7
Gold Hill C o p p e r ......... 1
92
IjA in erT eleg A Cable 100
295,600
2.780,800
26.360,900
309,584
T u esday............
25
25*13
150
G reene Con C o p p e r... 10
186.500
2.884.000
llCentral A So A m e r. 100 140
40.639,300
491,023
W ednesday----G reen e Consol G o ld ... 10
I 7h 2
32,500
2.599.500
10,000 Oomuier Uu T el (N Y ).2 5 115
62.842.500
870.976
Thursday......... .
2
G reene G old -S ilv e r.... 10
vu
75
72.000! 21,000 himp A Bay State T el 100
2.664.000
83.756.500
1,104.640
F rid a y ............. .
45
65
G u gtrenhcim E xplo’ n. 100 310 320
F ra n k lin ....................... 100
H acken sack W ater Co —
$766,0U0| $51,200 I'Goht A S t o c k ...........100 1 12
3,546,536 $275,316,100 $12,929,300
T otal.............
90
93 4
R ef g 4s 52 op 1 2 ...J -J
S2
86
Hudson RiverTeleph 100
92
98
Hall Signal C o ...........100
J a n u a r y 1 to M oo 2
\X Y A N J Teleph...100 122 126
W eek ending JYo9 9
S ales at
16
18
H avana T ob acco C o.. 100
118
1»North western Teleg
y e w Y ork Stock
25
30
P re fe rre d ................... 100
83
77
Paoitio A Atlantic.......25
1905
1905
1906
Acreh a n g s
1906
60
70
1st g 58 Jun e 1 ’ 2 2 .J-D
97
103
HSouthern A A tla n tic 25
------------------ -—
Hecker-J ones-J e w’ l M ill
246,416.443
208,258.418
6,840.583
3,546,536
E le c tric C o m p a n ie s
3 locks—N 0 . snares
109
1st 6s 1922...............M-S 107
Par va lu e......... $275,316,100 $520,651,650 $21,641,043,525 $19,292,836,575 C h icago Edison Co See
‘3>
36
H er* g- H al l -At ar ,ne w . 100
hicago list
$429,400
$752,600
$9,400
$IS,3uO
Bank shares, par..
140
H oboken Land A ImplOO 200
liixiiigsC o El L A P Co It
i 40
Narva Man (P ro v ) El Co i 1100*4 103*3
115s 1910.................. M-N 1 0 1
BONDS
$1,022,120 N Y A Q Ei L A P o w C o D
$1,670,700
8
$10,000
10
$51,200
65
H ouston O i l .................100
60
G overnm ent bonds
60,438.760
40
178,325.450
6,232.300
48
766.000
P r e fe r r e d ...................100
80
85
State b onds............
705,296,300 U n ite d E ie ctrio o f N J 100
530,359,700
12,358.500
L35
12.929,300
Hudson R ea lty.......... 100 125
80
BK. and mis. bonds
55 H
$ 70
7 0 ^ 1 tngersoll-R an u com . 1(Hi
93
1)P r e fe r r e d .............. . I0t
Total bonds__ $i 3. <4b,o00 $18,600,800 $592,469,150 $584,643,870
T e rry C om p a n ies
145
I nteruatTBankingColO O 135
9H 10
Brooklyn F erry s to c k l
1 *3 Lnt’ n ’ l Alerc M arin e. 100
d a i l y t r a n s a c t io n s a t t h e b o s t o n a n d P h i l a d e l p h i a
25 *3 27
P re fe r re d .................. 100
B A N Y 1st 6s 19.11.J-J $ 96 100
EXCHANGES
73 *3 75
Col tr d 4 4 ’ 2 2op ’07A-O
70
65
N Y A E R F erry atk.100
L20
92
90
InternatT N ic k e l___ 106 10 0
1st 58 1922............ M-N
85
90
P r e fe r r e d .................. lOu
107
N Y A H o b o o n 5 s ’ 46. J-D $105
P h i la d e l p h i a
B oston
36
37
W eek en d in g
Intern ation al S alt___ 100
H ob F y 1st 5s 1946 At-N $ 108*12 liO
64
68
X ov 2
1st g 5s 1951.......... A-O
N Y A N J 2d 5s 1 94 6.J-J $105
U nlisted
B on d
B ond
Listed
U nlisted
L
isted
5
10
lVOti
in tern a tion a l S ilver.lO u
30
37
10th A 23d Sts F erry 10(J
sales
sh a res
sales
shares
sh a res
shares
48
53
85 j P r e fe r re d ...................lo o
1st m ort 5a 1 9 1 9 ...J-D $ 80
31 1 1st 6s 1943................J D l o 7 H n o
28
$26,500
5,941
6.023
$19,000
2.970
Saturday ....... 24.078
70
73
Lackawanna S te e l... lo o
91
94
101,625
7,321
20,198
7,160
12,000
M o n d a y ......... 46,423
1 4 >a
Lanston M on otype.......20 ^14
45,800
8,162
14,859
59.000
5,615
28,900
R
a
ilr
o
a
d
T u esd a y .........
L aw yers Alort in su r.1 0 0 . . . . . . 195
52,312
8,349
13,922
48.000
5,838
W edn esd ay. . 47,510
50
hio Peo A St L pref.
T|LeliA W ilkesb Coal. 50
84,500
14,342
9,500
29.559
5.971
Thursday....... 51,913
135
D eposited stock.___
Lord A T a y lo r............. 100 125
4
hi
48,450
18,104
41,280
9,770
21.000
53,846
F r id a y ...........
i l. 5
P r e fe r r e d .................. loO 100
2
5
U ndeposited stock.
LOO IILoriila.nl (P ) prof . . . 1 0 U ........ 148
90
67,874
$359,187
$168,500
120,186
37,324
7i
T otal........... 261,270
72 >u
50
55
Con m tg g 5s 1930.JA J
M ackay Com panies ..100
69*4 69*4
15
P r e fe r r e d .................. luO
10
In com e 5s 1930..............
15
25
5t
52 j Madison Sq G arden. .100
Clue S u bw ay................10C
i0
Ft W A D en Cy 'td ..l0 G
98 io 5 ! 2d 6s 1919............... Al-N
0 S2 7
DAlanhatt Beach Co. 100
N Y N H A H a r tfo r d M anli Bcli H otel A Land.
Con deb 3 ^ 1 9 5 6 .J A J $113
114
0
8
P r e fe r r e d .................. 100
N orth’ll Securities stubs 200 225
W eekly R eview o f Outside M arket w ill oe foun d on a p reced in g page.
80
90
Penn, gu g 4Hi% notes
IfGen. g. 4 S -O U 0 ...M . N
5 L4
5 Hi
$ 99
99 *12 M anhattan T ra n s it___ 3u
S tr e e t R a ilw a y s
S tr e e t R a ilw a y s
13
17
Bid
Ask Pitts Bess A L E ___
35
A 8k
M ex N at Construe.pflOO
1 33
Bid
M ine S e c u r it ie s ........... 5
Preferred ................
t 70
75
t l4
N orth Chic Street See C hioago list
NEW YORK CITY
*5
95 l o i
M itchell A im in g...........10
Railroad Securities (
6 *6
P u b Serv Corp of N J100
29
33
B le e c k S tA F u l F stk 100
7H 8
65
67
Alonongaliela K C o a l..50
111. C. stk. tr. cf s. ser.
92
95
T r ctfs 2% to 6% perpet
90
93
1,1st m ort 4s 1950 ..J-J
25 H
P re fe r re d .....................50
Seaboard A ir L in e —
Coll tru st 5 s gold notes
UB’y A 7th A v e stk ..1 0 0 230 238
M on t A Boston Consol .5
95 *a
100
1909 op tion a l___ M-N i 95
5S
* D^dm ort 5s 1914 ...J -J 100 104
97 H
40
iSeaboardC o___ See BaL E xch list
.Mortgage B ond C o ... 100
N orth J ersey St R y 100
55
Con os 1943 See s tock Exch list
10U 103
N at Bank of C uba___lOi
: In d u stria l and J iis c e i
79
1st 4s 1 94 8 ........ M-N $ 78
B’ way Surf 1st 5s gu 1924 $104 10 6
l t 0 200
?A h m eek A lin in g......... 35 r 100
110
National S u rety .........lo o
76
76
Cons T ra c o f N J . . . 100
IjCent’ l Crosst’ n s tk .. 100 290 330
20
>35
20*4
N evada C ons’ d C opp er.5
130
1st 5s 1 93 3 ...........J-D $104 105
H ist M 6s 1922 ...M -N 111 115
3i
45
{A il s Chalmers Co 1st m
N ew ’k Pas R y 5s ’ 30J-J $111 1 i 2
1iNew Central C o m ___20
1}CenPkN A E R s t k .100 195 200
38
: 6 I c*s ’ 36 op t’ 16 wi. J - J $ 32 L 83 Hi N J T er Dock A Im p . 100
Rapid T ran St R y ..l0 0 240 250
ijChr’ t’r A 10th St stk 100 165 171
Lu2 Hi
Exch list
1st 5s 1921
.A-O $108
N Y B iscu it 6s l 9 l i . A i
6
IA m erican Can co m . . . 100
19u 300
28
: P re fe rre d ..................100
54
J C H o b A PatersonlOO
5 i *J; N Y AItge A S ecu rity. 1<
42
183 188 ||',;Now Y o rk D ock ....1 0 0
45
4s g 1949............ M -N * T ih
Yi1st gold 5s 1 9 3 2 ...J-D 104 107
tferred
8 5 ’’4
So J Gas E l A T ra c 100 118
100 100 it ’o || AP r e fe r r e d ............... 10 0
Scrip 5s 1 9 1 4 ___ F-A 100 102
4J
45 ({ N Y T r a n s p o rta tio n ...2 o
4*4
Gu g 5s 1953....... M-S 1 9 ? 1O0
5 Hz
E ighth A v en u e s tk .. 100 370 385
__________
135
bo •; Niies-Bem - Pond com . 100 1 25
99 l o i
N o H ud Co R y Os’ 14J-J h i o
84
liScrip 6s 1 9 1 4 ___ F-A
116 |N ip issin g A lin e s .......
A m er H ard w a re......... l oo l l z
31-b 32
5s 1928................... J-J $197
....................
1l 42d A Gr St F ’y s t k .. 100 375 400
Stk E x list liOntario S i l v e r .........lOu
3H 4
A m Ice S ecu rities___,
50
70
E x t 5s 1 9 2 4 ....... M-N $100 103
42d St M A S tN A V ..1 0 0
5i
56
Pat City con 6s ’ 31 J-D $120
105
Otis E levator co m ___100
A m M altin g 6s 1 9 14.J-D 108
100 103
95 100
102
P r e fe r r e d .................. lou
95
65
72
2d 6s. ...1 9 1 4 opt A-O $100
^2d incom e 6s 1915 J-J
1
3
Am Soda Foun oom ..lO (
So Side E l (Chic)
See C hicago list
1
7b
Inter boro-M e trope li tan—
P h oen ix S ecu rities____
32
43
50
1st pref eiTed.......... lot
P ittsbu rg B re w in g ___ 5(;
32 Hi
Common. See Stock E x clia’ ge list Syracuse Rap T r 5s 1946 $106
51
10
52
2d preferred ............10<
P r e fe r r e d .....................50
5
Preferred. See Stock E x cna’ ge list T ren t P A H 5s 1943J-D $101 104
U nited R ys of StD —
Am er Steel F oundries—
P ittsbu rg Coal See Stock Exch List
4 *a% bonds. See Stock E xch list
v
42*t2 44
4^2
Com v o t tr c t f s ....... 100
$ 93*12 9 4 'n Pope M an u factu rin g. 100
L ex A Y A P av F os See St k E xc List
65
75
A m erican su re ty
1st p r e fe r r e d ....... ^.100
1i P re fe rre d ................100
81 H* a
180 185
M etropoi S ecurities See Stk E x list
13
17
2d p re fe rre d . ........100
5
Gen 4s 1934 _______ See Stk E xch list
1 4
M etropoi Street B y See Stk E x list
U ru tR ysS an F ran S’eeStk E xch list
Pratt A W iiitn p eel.. 100 101 104
360 390
189
N inth A v e n u e stock . 100 170
38
38 L
W ash R y A E l C o___100
E xch list P u b lic Serv Oorp of V a
Second A v en u e stocklOO 195 203
95
P r e fe r r e d ................. 100
8/h i 88
E xch 11st ! ilst m g 5s J u iy 1936 opt
97 Hi
1i 1st m ort 5s 1909 M-N $100 102
157 E 162 Hi
8S34 87\
4s 1 9 5 1 ..................... J-D
38
42 :
Consol 5a 1 9 4 s___ F-A $109 111
29
33
Preferred
LOO ! uyai Bak P ow d pref. 100 108 112
DWeeC C hicago S t ___ 100
95
USixth A v en u e stock 100 172 175
65
66
2 ;v.
i! Safety Car Heat A LtlOO 280 290
IjCon g 6s 1936___ M-N
Sou B ou iev 5s 1 9 4 5 ..J-J $100 104
J 1
P r e fe r r e d ................
2 4'•Jj|Seneca M in in g .......... 25
*75
24
S o F e r 1st 6s 1 9 1 9 ...A -O $105 1U6
S e c u r itie s
88 1is S in g e r .d ig G o ................luiJ 4;*0 495
i s t s f g 5 s ’ 19 op ’0 9 .J - J
87
Third A v en u e See Stock Exch list
NEW YORK
*2
Barney A Sm (Jar ..
73 U
S*v 10
Tarry W P A M 5s 1928 $103 106
58
60
103
IIP referred ..............
Cent U n Gas 6s g ’27.JAJ $101
........ 150
1st AX. g. 5s.’ 5 1 r e d .. A . p
Y kersS tR R 5s 1946A-C $ 103 106
18
21
Con Gas (Nr Y) stk . See 8t k E xc li list
A dj us t. A1.5 S. A p r 1,1931
18
19
28th A 29th Sta 1st 5s ’ 96 $103 10 6
40
40
UP r e fe r r e d ..............
62
70
C onv deb 6s ctfs S'eeStk E xch list
UTwenty-TIPd 87 stk l o o 375 400
Slanuaiu Couplercom lOO
1st ext 5s—See Stk
HMntual G a s .............. 100 170 200
chang e list|l P r e fe r r e d .................. 100 120
U n io n R y ls tS s 1942 F-A $ 105 107
rji 130
9
Bliss Company c o m ..
145
Standard M illin g O0.IO 0
106
140
W eetchest 1st 5s ’ 43 J -J $103
N ew Am sterdam Gas—
30
35
P re fe r re d .................
P r e fe r re d .................. 100
130 184
1st consol 5s 1 9 4 8 ..J-J $ 98 100
BROOKLYN
78*2 80 Ha
Bond A 51 tg G u ar___
1st 5s 1930 ............. M-N
87 j
395
N Y A East R iv e r Gas—
106
At-lan A v e 5s 1 9 0 9 ..A-O $99 E 102
B orden’s (Jon d M ilk ..
1st 5a 1944................J-J $102
Standard Oil o l N J ..m u Q80 591
178 L65
E xc n’ge
P re fe r re d .................
no
115
S w ift A Co See B oston s i
Con 5s ft 1931
A-G $105**
C onsol 5s 1945.........J-J $100 103
38
t /•>*-. i 3
98
100
N Y A R ich m on d Gas. 100
B ritish c o l C o p p e r...
1st 5s 1910-1914...J -J riOU l 00
B B A W n 5s 1 9 8 3 ..A-O
45
46
B rooklyn City s to c k ... 10 223 226
N or Un 1st 5s 1 9 2 7 .M-N $100 103
3/
./7-4 Tennessee C opp er....... 25
i4
i)
Con 5s See Stock Exch list
‘ iStandard Gas com ..1 0 0 luO 1‘25
2
IjT exasA P acific Coal 100
no
P referred
60
70
Bkln CTosstn 5s 1908.J -J loO
102,
1)Preferred .............. 100 110 J 40
1st 6s 1903...............A-O 105
180
107
18U 130
Bkn H g t s ls t 5 s 1941 A-O 103
la t 6s 1930............ M-N 104 108
T itle 111s Co of N Y ..1 0 0 170
^0Hj 21
Celluloid C o................
Bkln Q Co A Sub see Stk Exch list
133
138
Tonapali Aim (N evada). 1
OTHER CITIES
15
17
B klyn Rap T ran See stk Exch list
Cent F irew orks com
15
18
Trenton Potteries coin 100
95 100
Preferred.................
150
73
UConey Is. A Bklyn . . l o o
68
A m er L igh t A T r a c t. 100 *112 114
P referred new ___ 100
io
33g
90
55
1st con s g 4s 1 9 4 8 ..J-J
93
P re fe r re d ..................100 * 98 ‘12 100
Central F ou n d ry___
3'*4 T row D irectory n e w .. 100
1
Brk C A N os 1939. J -J 105
108
P r e fe r re d ................
15
16
Bay State G a s ..................................50
**
Union C opp er................ 10
reio
30
94
Gr*pt A L o n m e r St lb t 6s 103
99
79
81
B ingham ton Gas 5s 1938 $ 95
Deb 6a 1919 op ’01 M-N
Union T y p ew r co m .. 100
K ings Co. E levated—
Stk E x list
B rooklyn U nion Gas deb
1st preferred............. 100 1 17 122
1st 4a 1949 See Stock Exch list
C entury R e a lty .......
2d p r e fe r r e d ..,........100 117 122
6ft 1909 con v ’ 0 7 ...M -S 115 125
196 205
;>7
Nassau E lec pref ................. 100
8
65
62
75
United B k N ote O o rp ..50
420 440
Buffalo City Gas stocklOO
lJ h Cnesebrough M lg Go
52
54
5a 1944 .................................................. A-C 107
Chic Pneum T ool. Se
1st 5s 1947 See Stock E xch list
P referred ................ 50
icago list
93
y5
Ist 4s 1 9 5 1 .. ................. See St k Exc h "list Consol Gas of N J —
City In vestin g C o ...
. 104
107
United c ig a rM fg ., pf. luO
92 s HClaflin (H B) c o m ...
6734 67 7e
N Wb*g A Fiat le t ex 4 Haft 100 104
United Copper............. 100
1st 5s 1936 ..................................... J-J $ 90
106 115
90
97
Stein way la t 6ft 1922. J-J $110 113
jjls t p referred .......
P r e fe r r e d .................. 100
C onsum ers’ L H A P o w —
96
OTHER CITIES
1i2d preferred .........
U S. C a su a lty .............lOu 200 . . . . . .
6s 1938 ..................................................... J-D $106
96
25
... •
Buffalo Street R y—
mmm Colo industrial. See
U s E n velop e cohi. ..1 0 0
Elizabeth Gas L t Co. .100 275 ••m
k Ex list
98
101
1st consol 5a 1 9 3 1 ..F-A $110 110\ E ssex A H udson Gas 100 121
127
1|Pj el erreu................ 100
Col A H ock CoalA l pi
70
Deb 6ft 1917 ..............................A.O $ 105
41
Fort, W ayne 6« 1925 .J-J
36
CJS'Kub 2d pi sec; Stock Exch llftt
1st g 5s 1917.........J-J $ 83
85
Chicago City R y
See C hicago list
00
58
Col tr 6s O ct 1956.
Gas A El Bergen C o.. 100
92 101*2 U Sr>L«iol C orporation—
Columbus fO) St B y .. 100 101 102
112 Hi
Con sol id (Jar Heating
Col tr s t 5s ’ o l opt *1 1.. 112
Grand R apids Gas—
65
60
112 113
P re fe rre d ..........................................100
Col trs f 5s ’ 51 not o p t.
IICons F irew ’ ks com
109*5
1,l«t 5 h 1915 .
.
F-A $100 104
-10
20
120
Colum R y con 5ft See Ph lla ilfti
1l P referred ..............
U s TiL G 11A Indem.lOO
7u
Hudson Co G as...........100 113 114
60
34
CToeat’ wn 1st 5s ’33.J-D $ 104
34*4
Utah Copper C o .......... 10
4
Indiana N at A 111 Gas—
106
2'n
Grand Rapids R y _______ 100
30
W estolieftter A B ronx
4
70
25
74 *5
la t Oh 1908............ M-N
*hi
T itle A Alort G uar. 100 172 *v
P re fe rre d .......................................... 100
85
66
72
Preferred
15
90
Indianapolis G as ..................... 50
10
159
Lake St (Chic) El
See 0 hicago llftt
WeHiingh A ir B ra k e..50
33
1st g 5ft 196*2......................... A*0 $ 98 ICO
30
l.Loulsv St 5 b 1 9 3 0 ..J AJ $110*5
Jackson Gas 5a g ’3 7 .A-O $ 96 100
H
n
|W est E le c A M tg—
90:,n 97
Lyn nA Boa le t 5» ’24. J-D $107*2 109 *5 Kaiisas City G as.........100
Con h f oh ’ 31 Op T J J-J
45
Corn Prod Ref
50
’ Exch list
a
100
tfRew Orl Rva A LgLS’ee Stk E x lisp ‘j L a cie d e Gaa ................................. 100
7.
■J.O W hite K n ob M in .........10
15
2 7h 3
HP r e fe r r e d ................................. see Stk E X llftt
95
^Preferred ................................. 100
.....................
l a 1* 12 *J Preferred
tG e n M g 4 ^ f l ’35 See Stk E X list! Latay’ eGaslftt 6ft’2 4. M-N
43
38
P r e le ir e d ........................| 7 7 V 77 \\ Worthing Pump pref. I oO 115 120
i B uyer pays a ccr’ d lnt. rP rice per ah. t Sale price. cE x -n g h ts .x E x -d iv . I New stock. IjSeLLa on S i’ k E xch., bat not a very active security.
Volume of Business at Stock Exchanges
Outside Securities
( irm S e c u r itie s
Bid
35
LogAWabV l8t68*26.J-D
Mad18* n Gan 6s 1926* A-O $102
Newark Gas us 1944.w-J $132
90
Newark Consol Gas.. 100
IICon K 5s 1948.......J-D 106
Ash
40
106
135
91
107 S
hin
lu o
BOSTON STOCK EXON&NGrE—Stock "Record, "Daily, Weekly and Yearly
•hare P r ic e s — N ot P e r C e n tu m P r ic e s
B a iv r o o y
Oct 27
1 0 1 % 1 0 1 % ' 1 0 1 % 1 0 1 78
10 1
* 10 0 % 1 0 1 V 1 0 1
2 4 1 4 242
* 2 4 L 242
154 154
154 154
•......... 235
235 235
*162 163
101 103
* 164
*300 305
*300
28
284
28% 28%
* ......... 80
* ......... 80
♦
.. 158
15(5 158
119 119
158
158
13*2
*100
132
102
18
18
*$0
70
* 2 114 22%
193 103
202
*53
*68
i 32
♦100
is 2
102
94
110
*132
GOO
14% 16
81 % 31%
133% 133%
134 ’ 134
137*2 137%
*34 % 35
102*3 103
*4
4%
•117 118
*8%
9
835 235
134
102
*18
19
68
684
*234 244
193 % 193 4
*18
19
6 8 4 69
*22
23 4
193 1 93 4
91 4
144
30%
133
1324
137 4
34 4
102 4
*4
*117
274
84
*233
94
*109
94
110
92
9 1 4 92
14% 1 4 4
15
30%
30% 30%
133s» 1 3 3 4 133%
1 33 4 133 133
137% 137%
138
34 4 34%
344
102% 102% 103 %
*4
44
44
118
*117 118
28
28
27 4
84
84
84
235
234 4 235
69
69
68% 69
58*4 58%
87% 87%
87% 87%
87% 88
*200 206
205 205
205 205
*3 4
44
*3%
4%
3*8 4
129% 129%
129 130
180 130
4
4 * .........
*
4 * .........
*......... 10
*......... 10 * ......... 10
2 6 1 4 2 6 1 4 2 6 1 4 262 4 2 6 1 4 2 6 . 4
1 0 *4
10
104
*10
lu % GO
113 113-4 1 1 3 4 113 4 113 113%
*20
23
*20
23
*20
23
*25 4 28
* 2 5 4 27 4
*25
27
•2
3
*2
3
*2
3
106 4 1 0 7
1064107
1064107
79
80
79 4 79 4
79
794
2 9 4 29%
29 4 29 4
2 9 4 29 4
46% 47%
1 0 6 4 106%
9
*80
9
85
6%
6%
*38
38 4
U O 110%
80
30
6
*14
15 4
33
•65
32 4
36%
140
*845
284
*o.......
*‘ 62
79*4
19 4
61
6
14
15 4
33
*65
324
37
3 40 4
860
29
5
*55
80
19%
61
g‘ %
2
22 % 22 4
13 Sa 13 4
‘25
25 <g
*4%
5%
2 4 4 24%
*8%
9
**60
-75
174 174
*67
67 4
2
24
20
20
1104111
*14
14
61% 6 2 4
124 124
26
*z7
*i
14
*100 103
4%
4%
24
24
164 164
*100 103
15
16
10%
63%
12
66
...... ......
4 7 % 48
1 0 6 4 lu 7
*9
84
47
47%
106 4 106%
10
84
9
*80
6
64
37 4 38
110% 111%
32
32
5
*14
15
32 4
*65
32%
37 4
147
853
28 4
.........
‘ 65
8u
1934
94
84
6%
6%
38
38
110 % 110 %
30
30
64
5
54
14
*14
14
15%
15 4 15 4
32
32 *v
32 4
‘75
* .65
*75
32%
32% 32%
37
37%
37%
145 147
150
860
855 855
29 8s 30
23 4
*.........
5
5
e55
*5 2
*5 2
80
80 4
80%
1 9 4 20
2 0%
*i"i5 i i s
1%
2
224 22%
13 4 13%
25
25 4
*
2 i 4 24 4
1%
22
i 3%
25 4
*4%
244
84
*.........
17%
67 4
2
19%
111 4
14
62
1*5
26%
*1
10 2
5
2 L,
16
GOO
15 4
>75
18
684
24
2u4
112%
14
63
126
26%
1%
10 2
5
16%
103
15%
17%
*68
2
19%
112
*14
61%
124
26
*1
100
4%
24
15%
100
15 4
ii%
64 4
12 %
64%
114
64 4
*
133
*100
I 33
102
18
18
6 7 4 68 4
*23 4 24 4
193 4 193 4
......... * ......... 203
......... *53 .........
......... *60
61
* ......... 93
* 9 7 4 .........
* ......... 101
101 101
182 4 183 4 182 182
* 9 2 4 93 4 *92% 93%
93 4 94
109 109
W ednesday
Oct 31
T h u rsd a y
N ov 1
F r id a y
N ov 2
*1 0 1 4 1 0 1 A *1 0 1 % 1 0 1 %
10 1
10 1% 10 1% 10 1
101
* 10 0 4 1 0 1
100 4 1 0 L4 101% 101% 10 0 4
242%
241 243
242 242
*242 ......... 242
] 54%
154 154
154 154
15 4 154% 154
* ____ _ 235
* ....2 3 5
* _____ 235
* ......... 235
162
162 162
162 102
161
162 162
/ya s t v a l e
O ct ’ 06
*300
305 305
*300 . . .. 3 0 i 301
28%
2 8 4 28%
28 4 2 8 4
284
28% 28 4
80
*......... 80
80
80
*76
*......... 80
159
* ......... 158
* ......... 158
159
* ......... 158
*120 122
L a s t S a l e 188
O ct ?06
*202
* ......... 203
203
......... *63 ......... *53
*60
69
60
00
*97 % 98
*101 102
182 182
*92% 93 %
94
*108
'1uesd ay
Oct 30
JV1ondo/g
Oct 29
*97
102 102
181% 181%
* 9 2 4 93 4
*93
109
94
109
Last Sale
*132 134
L a st Sale
Last Sale
Last S ale
18
18
67 4 67 4
Last S a lt
193% 193%
Last Sale
Last Salt
200 202
Last Sale
*60
61
Last Sale
Last S a le
301 101
180 4 182 4
92 4 92 4
Last Sale
94
94
109 109
Last Sale
L astsale
Last Sale
285
* .........
103
91
198
18
68
21%
193
155
228
201
554
60%
52
98
*101
182%
*92
172
94
*109
27%
60
150
L a s t S a l e 26%
92
92
92
91
92
14% 16%
14%
14
144
31
30 S2 31
* 3 0 4 31
134
132 4 132% 132 4 133
132% 1 3 2 4 132 4 1 3 2 4 135 4
137 4 1 3 7 % 137 137% 137%
35
34% 3 6 4
344 344
lu 3 %
102% 103
102% 103
*4
4 4 L a st Sale 4
L a s t S a l e 118
*117 118
2 9 4 30
*29 4 30
294
*8
84
8%
*8%
84
234
234 4 234 4 *233 235
175
174 4 174 4
69%
58% 59 'a
68 4 58 4
87
87
874 874
87 4
*200 205
*2u0 203
200
*3%
4%
3%
*3%
44
# 1 2 8 4 128 4 *128 129
1284
4 L astsale 1
L a st S a l t 13\
* ......... 10
259
*256 2 5 8 4 259 259
10
10
10
10
112 1 1 3 4 112 112 4 112 4
*20
23
L a s t s a l e 22 4
*25 4 27 4 L a s t S a l e 25
*2
3
24
34
3%
106% 106% 106 4 106% 106 4
73
79 4 7 9 ^ t7 3 4 73%
*z9
294
29 4 2 9 4
29 4
L a s t s a l e 48 %
. . « « 00 L a s t s a l e 108U,
46% 47
46 4 47%
47%
1U6 ^ lo 6 % I 0 6 4 106% 106%
L a s t s a l e •75
9
9
■S
9
*8
*80
85
*c0
84
*80
L a s t S a l e 78
Last sa le
6
6
87
37%
L09 4 U 0 %
30
30
1%
22
13 %
25*4
54
24 4
*1%
21%
13
25
114
65
114
*63%
1%
22^
154
25 4'
2 3 4 23 4
84
84
-75
*•50
70
17%
1 7 4 17%
69
68
68
24
2%
2%
204
19 4 26 4
112 4 1 1 2 4 117 4
14
1%
1%
624
6 L4 6 2 4
125
1 2 5 4 127
264
26
26 4
i4
1
1
100
GOO 102
4%
4%
4%
2 'g
2%
2%
164
15 4 15 c
100
100 100
15154 154
12%
64%
* 10
11% G O
io
io
10%
10
10 4
64
64 4
63
64 4
64% 64%
63
63%
4534 40
45% 46
45% 45%
45% 46%
66
66
65% u6
65 % 66
65% 6 6 4
6 v8
6 78
*6%
7
64
64
64
64
11
11
114
114
11% 1 1 4
1 1 4 11%
•150 155
155 156
*156 158
G 5 6 158
* 1 4 .......
*14
1%
14
14
*14
1%
e B efore pay’t of assess’ ts called in 1905.
K ail road*
A to ll T o p <fe Santa
D o p r e f.........
B oston & A lb a n y
B oston E lev a ted .
B oston <fc I /Ow'd 1.
B oston <fc M am©,
Do p r e f.........
B oston & P ro v id e
Sales
o/ ttce ;
Week
Share*
A
R a n g e to r Year
1906
Low est
6
38
Aiming
H igh est
34 Jan_'7
lo 2
J aD 26
29 M ar 2 1
46 A p r 2
1 5 6 % Jan 8
141 Jan 2 144% Jan 17
47% Jan 24
110% F eb 2
4 4 J ’ ne 7
! 18% M a r l:
34 A p r 3
10 A ug 3
250 Jan 13
184 O ct 9
64% J ’ ne 18
90 Sep Li
209 O ct 2 .
5% Sep 17
1418?, A p r 6
l l ie Jan 15
.......
267 % Sep .6
10 •* o c t 3 0
1^0 Sep .'6
23 Feu 1.26 J ’Jy 2
4% X ov 2
113% M ay 17
86 'g F eb 1
32% JTy 23
54% Feb j
115 82 Jan 13
50 % uot 11
113% Feb 1
75 Sep L«->
17 % Jan 18
98 -2 Jan 19
86 F eb 7
98 Jan 11
5 J an l o
8 % O ct 1
A d v e n tu re C on ........... 25 2,351
A li o u e z ......................... 25 •-,044 31 % J ’ ly i9 47 Jan 6
16 ; 2 ; 8 92% J ’iy 1. 118 F e b 13
A m algam ated C opper
8 % A u g 10 II32 O ct 29
689
A m Z in c Lead & S m . 25
57 % May 2 74 F e b .4
A n a co n d a ......... ........... 25
7 % O ct i c
A r c a d ia n ____ ______
25 7,851
2% J ’ly : 3
% J ue 5
300
2 Jan 3
A rn o ld .................
26
84 i 1 0 % M ay2 > 28 % J an 6
A t l a n t i c ....................... 25
B ingham Con Min<fc S 50 1 ,7 0 1 25 J i y 10 4 9 '8 F eb 14
1 Ovl •45 M ay 2 9 v 0 o c t 1 3
B on an za (D e v C o ) ... 10
BostonConC<&G(rcts) £ 1 2,910 2 0 % SLurio 35 % O ct 1 1
B u tte C o a lit io n ......... 15 ^ ,9 i6 25 J Ty 1., 42 O ct 4
'a .u m et ivs A r i z ......... 10 3, i 5 . 107 J ’ ly 14 15 J o c t 29
6 ; o75 M ay 2 870 o c t 15
C alum et <fc HeoLa___ 25
C e n te n n ia l.................. 25 16,435 17% J ’ ly L3 32 Jan 12
5 A pr 2 /
> H A pr 2 ,
C en tral O il.................. 25
% J iy 7 *70 Jan 42
945
C ons M ercu r G o ld ...
5
66% 1 ty l o 86 ^2 Jan _o
C opper R an ge C on ColOO 5 ,8 n
D a l y - W e s t .................. 20 6,0 2 . 14 M ar 1 9 2 0 % O ct 29
1 0 61 % O ct 25 84 Feb 13
D om in ion C oal........... 100
116% A ug 9 123 M ar 9
O ct ’ 06
Do p r e l . . ........... 10U
L a s t S a l e 118
76u
1 % J ’ ly 31
2% Jan 12
1% Elm R iv e r .................... 12
1%
“ 1%
2
14 <2 May 2 2 ^ % s e p . 7
22
22%
23 4 F ra n k lin ....................... 25 4 , 12
224
9 % .Jan 17 15 o c t 9
13 M G ra n b y C onsolidated. 10 1,720
13% 13% *13%
25
25 %
25
25 4 G re e n e C onsolidated. 10 8,790 19% J ’ ly x2 61% A pr 16
4 % J an 5
7 % J an 18
O ct ’ 96 G u anaju ato C o n so l..
L a s t S a l e 4 7r
5
24 ^2 24%
25 Is le R o y a le (C o p p e r). 25 1,035 n % JTy .4 2 9 's Jan 6
244
6 -2 J ’ly 14 ^ 2 % ia n 13
520
84
8%
84
8 4 M ass C o n so l................ 25
•4d j ’ ne-’ 7
1 u2 J an 4
O ct ’ 06 M a y flo w e r.................... 25
L a s t S a l e •70
17 4 18%
18 4 M ic h ig a n ...................... 25 6,928 i 0 % J ’ n e2 2 18% N ov 3
184
67 6 54% M ar 5 6 9 % O ct 11
68
68 M o h a w k ....................... 25
67% 68
7 % r u1 j
2%
3 J iy i l
24
2%
2U M ontana Coaltfe C oke 25 7 ,-91
20%
21% N evad a C onsolidated
5 6,057 11 Jan -6 23 % O ct 0
19 4 19%
114 1 1 6 - 114% 115
N orth B u tte ................ 15 26,951 7 4% M ar < 1 1 #% o c t 3 J
i- '8 J an 1 1
30* •70 JTy 17
1%
1%
1 4 Old C o lo n y .................. 25
*14
J ’ly T - 66% o c t 24
63% Old D o m in io n ............. 25 10,4.;7 5 5
62 4
6 1 4 62%
129 O s c e o la ......................... 25 4,4 9 93 M ar 7 13 j o c t 1
128
1 2 6 4 128
26
26
26 4 P a r r o tt(S ilv & C opp) lu l,o u 8 -2 % JTy i 1 48 Jan 2
264
32o •60 MayiOl l % J a n 4
1
1 Phcenix C o n so l........... 25
%
1
374 60 J ’ly 16 114 Jan 11
10 0
10 1
104 Q u in c y ........................... 25
102
3 % J Ty .6
890
434 Rhode Isla n d ............... 25
8 ;8 J an i 9
44
44
44
1 % JTy 26 313ie O ct 1 2
27i0
3 % Santa F e (G o ld & Cop) 10 9 ,0 ’ >8
2 15i©
5%
Jan
i
0
17% O ct 25
15% 16
16
1 6 4 S h a n n o n ........... ........... 10 15,419
90 j ne 9 • 2 2 j an 2
49
lo o
10 0
100
101
T am arack .................... 25
9 A p r 28 16 ‘4 i )ct 18
15%
15% 1 5 ‘8
15% T eeiim sell . . . . . . . . . . . . 25 1,36u
40 May 2 52 Jan 6
L a s t S a le 48 4
O ct ’ 06 T e n n e sse e .................... 25
7% J’n e l9 1 - % A p r 5
12%
i 1 's 12%
12 4 T r in ity ........................... 25 27,489
4,625 57 % day 2 78 F eb 7
65
65 ■U nited C opp er........... l o o
66 4
68
88 J a * 9 i 11 F eb _1
L a s t s a It S 9 \
Do
p re f................100
J ’ l y ’ 06
9 % s e p 8 14% Mar3U
630
Go
10 m
10
10 U n it States Coal <&Oil 25
63
64
64
64 4 U b Sm elt Ref.cfeMin. 60 7,493 51 M ar 5 66 Jan _du
1;41 5 47 % Sep . 7
45% 46
Do p r e f................ 6u 5 ,4 0 1 43
46^
45 4
66
66 s
5 5,395 62% J ’ b ©28 69% Jan 12<
66 4
67% Utah Con ( G o l d ) ........
6 JTy a3
v % Mar 14
' 6 >0
6 l4
6%
6%
6 V ic t o r i a ....................... 25
4 JT y 3 13 % o c t 9
*10% 11%
10%
2 5 1,280
11% W in o n a ...................
*153 156
156
W o lv e rin e .................. 25 * 128 131 Jan 30 160 A ug31
15a
3 JO •70 JT y 1 9| 2% O ct 10)
14
14
14
14
d B eforop a y ’ t o f ass’ts called in
y ia n g e tor F revioit'
Y ea r(1 9 0 5 )
1
[ Lowest 1 Higtcest
90 1 86% J ’ ly 12 110% s e p 1 ]
93% Ma*
52 9 8 % J ’ ly 3 1 0 5 % Jan 3 99% Jan 105% Sep
81 2 4o Sep 24 257 % Feb 19 253 Dec r261 A p r
142 |l‘47
A n g lo ]f>0 Jan 1 ■ 452 N ov , 58% A p r
9 12 3 1 O ct 11246% A p r 2 ,b/241 -4n\ (249 Mar
340 ,161 O ct 2 180% A pr 2 1 7 0 De.: [135 % Mar
......... 154 O ct ,0 175% ,May 4 ( 71 Jan 175 Apr
10 .301 O ct :ll 314 ■ A p r 21
1 1 D ec
950 _5 Jan 17 1 3 9% Apr 7| 1O
li 35 Mar
l i 1 72% J an 16 1 90 A jjr
63 % Jan | 82 % Apr
3 156 O ct ' 7 182 Jan 12 ! 50 Jan ;s 2
.Mar
117 % J ’ ly 26 127 Jan 16 123 A 0 v i 32 Feb
....... '18 8 J ’ ly lJ 90 .Mai 24 1 - 6 Jan 1 89% Mar
6 158 (Mil 27 163 A p r ^ ;6 0 % J an 167 A u g
_____ 2 -5
O ct ] 298 A p r 2 285 Jan ;o o A u g
29 132 O ct _7 145 J a n :.
148 M ar
141
v«5 0 an 8 107 A p r 27 <>9 % Jan ■2 O ct
96 N ov
9 0 % J ’ ly 2 95 Jan 2
197 M ar27 198 A p r 13 175 Jan 192 D eo
315 17 Jan 5 23 J ’ ne H ] T O ct 23 Apr
586 59% Jan 2 75 J ’ rie ^ 55 N o ' 7 o% .vfar
|C) \f g %[ 25% Deo
21% A u g 2 2 25% Jan 9
449 190 J ’ ly 11 207 -4 Jan 27 p i 92)4 Dec 2 1 5 4 ^ep
_
155 Sep 2 163 F eb 7 1 6 4 Oci 167% May
.
228 J ly 12 233 % M a r io :32
-t 233 May
26 200 J ’ ly 18 210 Jan 15 205 % Jan 2 1 2 A p r
5 3 Sep 2
5 3% O ct . 79 Jan 102 F eb
44 50 J an 15 65 O ct 1)
52 % Dec 87
Feb
50 M a rl4 64 Jan 4 50 A pr 72 J an
65 Jan 10 99 O ct 2 50 Jan 67 % Ang
61 95 Jan 10 06 Feb 20 93% Jan lu 2 Sep
1,204 139% May 2 195 Hep 4 113 Jan 151 % Dee
25 91 M ay 3 99% Jan 2 95 Sep l u l % Feb
170 Sep
178 A p r 4 172 Jan 1 -.0 o c t
89 93% O ct 23 101 Jan 2 93 Jan L02 Sep
23 107 Sep 1 116% A pr 9 110 D ec 117% A p r
25% May 9 2 <% O ct 8 21% Jan 31 % Sep
55 % A ug 60 ** s e p
150 F e b 5 150% Feb 16 146 Alai 151 N ov
D o p r e f .................
C hic J u n e R y & U 8 Y
Do p r e f................
Con <fe M o n t Class 4 ..
Conn
Pass R iv p r e f
O ct ’ 06 C o n n e cticu t R iv e r ...
135
A u g ’ 06 G-a R y & E le ctric..
O ct ’ 06
Do p r e f ...........
O ct ’ 06 M aine C e n tra l....... .
18
Mass K le p tn c C os.
68
Do p r e f...........
A u g ’ 06
193% X Y N H <fc H a r t . . . . ] '
O ct ’ On N orth ern N H ........... 1'
A u g ’ 06 N o rw ich & W o r p r e f l 1
202
Old C o lo n y ......... ____ 11
O ct ’06 Per© M a rq u e tte.........T
60 %
D o p r e f . . , . .........]
O ct ’ 00 R utland p re f.............. 1
O ct ’06 Seattle E le c tr ic ........ T
102
D o p r e f..... ...........1
183% U nion P a c ific ............ 1'
92%
Do p r e f................ 1'
O ct 06 V erm on t & M a s s ___ L
94
W est End S t .'............ i
n o
Do
p r e f................ ;
O ct ’06 W isco n sin C e n tr a l... 1'
O ct ’ 05
Do p r e f..............
A p r ’ 06 w oicJN ash<fc R o ch .
.M is c e lla n e o u s
21 J ’ l y ] 2
O ct ’ 06 A m er A g r ic u i Chem
92
3 : 6 91 May 2
Do p r e f . . . . .......
5 ,4 3 - 11 J an 3
1 5 4 A m er P n eu S e r v ___
31%
2 .0 6 1 26 A u g 9
Do p r e f...............
134
593 128 .May 2
135%
190 131 May 2
D o pref.
138
2,643 1 28 J ’ ly 1
35 A m e r \
305 32 J ’ ne29
891 1 01 % J ’ ly i9
D o p ref.
103 4
O ct ’06 B oston
3% Jan 1 1
O ct ’ 06
115 J ’ly 30
555 26 Jan 4
29 4 D om in ion Iro n & St.
1,025
5% Jan 31
8 4 E ast B oston L a n d ___
234
75 231 A u g 13
E dison E lec I l iu m ... 100
151 161 J ’ ly 14
175 4 G en eral E le c tr ic ........100
2,2 4 u 44 May 3
59 4 M ass’ chusettsG asC os
4 1 2 84% M ay 17
87 4
Do
p r e f.... ........... 100
200 M ergen th a ler L in o .. 100
180 190 Mai'2o
3 Jan 2
3% M ex ica n T e le p h o n e ., l o
3u0
48 128 Sep 4
128 4 N E T e le p h o n e ...........
Jan ’ 00 PlantC om t ’ st stk com
1 J an 16
Sep ’06
«»•
Do
p r e f ............... 100
259
i.6u 219 J’ ly 10
P u llm a n C o...................100
109
9 % J an 11
R ee ce B u tto n -H o le .. 10
113 Swift & Co................ 100
507 101% J ’ ne22
J’ n e ’ Ob T o rrin g to n Class A . . 25
22 % Jan 1 1
J ’ly ’06
2 6 J ’ ly 2 8
Do
p r e f............... 25
4% U nion Cop L ’ d <fc M g . 25 7,395
2 J ’n e il
106% U n ited F r u it.........
58u 103% May 2
74
U n S h o e M ach C o rp . 25 1,917 73 Jan 10
29 4
3u6 29 O ct 2 Do
p r e f............... 25
F e b ’ 06 U S R u b b e r ................
48% Feb 1.’
_____ 108 *-4 A u g 16
A n g ’ 06
D o p r e f................
14,758 32% J ’ ly 2
47% U S S teel C orp ...........
106%
D o p r e f................
861 99 J’ ne30
Sep ’ 06 W est E nd L a n d ......... 25
•40 Jan 26
9
9 O ct 19
156
84
Do p r e f................ :
5 84 O ct 29
O ct ’ 06 W es tin g E l
73% O ct 3
M f g __
O ct ’ 06
Do pref
85 May 2 4
6%
6%
38 4
39 4
111% 112%
32
30
314
314
O ct ’ 06
L a s t s a l e 66%
6
6
5%
64
6
6%
*1%
14
*14
L4
i%
14
15
15
15
15
16
*154
3 z% 3 2 4
32 % 33
32 4
33
* 65
*75
**60
*•55
*65
32 4 52%
32 % 3 - %
32
32 4
37 ^ 37%
37%
3 1 4 37%
37%
146^148
149 159
149
150
o50 850
863
850 851
863
29 4 29%
29% 30 4
3L 4
50 4
* ....... .
5
Last S ale 5 4
A p r ’ 06
*■52
e55
•54
*62
'52
•65
80
80%
81%
82
80
814
20
20
20
20
20
20 4
6
38
STOCKS
B O STO N STOCK
EXCHANGE
19% Jan 29% A p r
6 % Sep
86 JaD
4% A pr 15 Deo
2 o Jan 36 % D eo
130% Ma; 154 % Deo
132 May 140 S2 Aug
130% D ec 148 Jan
21 Jan 47 N ov
92% Jan 109 Alai
3% M ai
4% J ’ n«
116 A u g 124 Jan
17 Jan 28 D eo
5% JTy
7% Jan
239 Dec 257 A p r
169 % M av 191 Jan
38% Jan 51 '8 Aug
30% J a n 1 * 8 % May
4135 % J lie 206 A p r
1 Feb H6 % Deo
131 D ee 140% A p r
1 Feb
2 % Jan
1 0 Jan 17 J an
230 Ma> 258 O ct
8 % Jan l o % F eb
100 D ec 114 Jan
18 JTy 23 Jan
25 M u\ 27 A u g
4 % Aug
2 % M ay
103 A pr 115 F e b
57 J ’ ne 90 A u g
x 5 0 % Dec 34% A u g
34 % J an 57 D eo
98 ‘s J an 117 % A p r
24% May 4 5 % Deo
91 May lu 7 L e o
40 M ai •67 % Jan
11 Dec 2 2 % F eb
90 Oct 104 F eb
82 % Oct 92 M ar
O ct
91 i l a . 1 0 0
12% Mai
18 A p r
70 Jan
8 J ’ ne
25 % May
i
iUa \
•45 J ’ne
1 2 % -vl n s
. 8 May
50 May
5% Jan
U 0 % O ct
49 O ct
111% Deo
15% D eo
73 ^2 D ec
7 X ov
3 N ov
2 :>s O ct
37 *2 D eo
95 Got
35 D eo
>"oi J ’n e 720 Deo
1 6 % Mar 34 % OOt
8 ^ J an
5 -i2 Sep
•30 M ar •75 May
64 Jan 85% Deo
i 1 % Mar 22 N ov
60 Jan 8 6 % Mar
113 Jan I 2O D eo
4 oct
2 May
20% O ct
8
A pi
10% Deo
5 Jan
2 0 % J ’ ne 32% L eo
7 % a pr
3 Jan
17 % .u a\ 2 s% Jan
6 May 13 u2 Mar
1 % O ct
*70 J ’ ne
10 % Jan l a % Deo
6 1 % L eo
48 M a s
2 JTy
6 % L eo
lu % D ec 13 L e o
L eo
34 A u g 93
•t 5
Mu\
2 % OOt
23% Ma\ 36 % L e o
88 F eb 115 u c t
Deo
22 J ’ ne 47
3 % J an
'50 J Tic
95 Mai 118 Jan
8 '8 O ct
1 % May
1 % vi ii\
3 J an
9 Jan
6 % Feb
101 May 140 M ar
2 F eb 16 T OOt
24% J T t 5 3 % LeO
7% J an 13-g Feb
9 Mai; 75 L e e
74% Nov S8 L eo
9% Apl 13% L e o
39% Mai 58% N ov
c2
Mai t7 ^ Get
7 % Dec 1 a % b eb
105 Jaa 134 Deo
2 % F eb
1 % J ’ jd4
10 04. * Bid and asked. ft N ew stock, t A ss’ t paid. ^Ex-rights, a R a-div. &
Not . 3 1906.]
1087
Boston Bond Record.
O
BOSTON STO CK E X C H ’ GE
W eek Ending N o v . 2
Am B ell Telephone 4s___ 190S
A.in T elep A Tel coll tr 4a. 1929
Am NS' nt* Paper 1st s t 5a g 1919
itc h
N ebraska 1st 7s. .1908
Atcli Ton A 8 F eg en g 4 s .. 1995
A dju stm ent g 4a___J 'ly 1995
Boston E lect Light 1st 6s. 1908
C od sol 5 s.......................... 1924
Boston A L ow ell 4 s.......... 190?
4s..........................................1916
Boston A Maine 4 %s.........1944
Boston Term inal 1st 3*28.1947
Bur A M o R iv ex 6s .......... 1918
N on-exem pt 6s ................ 1918
Sinking fund 4 s ...............1910
Butte A Boston 1st 6 s___ 1917
Cedar Rap A Alo R 1st 7s. 1916
2d 7 s ................................... 1909
Cent V en n t 1st g 4 s ..M a y l9 2 0
C B i M Iowa D iv 1st 58.1919
Iow a D iv 1st 4 s ............... 1919
D ebenture 5 s....................1913
D enver L xten 4 s............. 1922
N ebraska E xten 4 s ....... 1927
B A S W s t 4 s.................. 1921
Illin ois D iv 3 % 8 ...............1949
Joint bonds See Gt N orthern
Chic Jo R y A Stk Y ds 5s .1915
Coll trust refunding g 4 sl94 0
Ch M il A ST P Dub D 6S..192U
Ch M A St P NVis V div 6sl02O
Chic A N o M i d l i s t gn 5s. 1931
Chie A W M ich gen 5s___ 1921
Concord A M ont cons 4 s.. 1920
Conn A Pass R 1st g 4 s ... 1943
Current R iver 1st o s .........1927
D et Gr Rap A NV 1st 4 s ... 1946
Dom inion Coal 1st s f 6 s ..1940
Eastern 1st gold 6s............. 1906
F itch b u rg 5 s ........................190e
4 s .........................................1915
4 s ........................................ 1927
Frem t E lk A M o V 1st 6 s ..1933
Unstam ped 1st 6s ...........1933
Gt N or O B A Q coll tr 4s 1921
R egistered 48.................... 1921
P rice
JYiday
Xov. 2
JSft.
Yvette's
Range or
Last Sals
Bang*
Since
^ ' Jan u ary 1
Bia
a sk Low
High Ao Low H ig h
09
98 % 9 8
- -' 1
98 100
1 1 89% 95
90% Sale* 90 *4
90
1J85 % M ay‘06
1185% S8 %
104 104%
104 M ari? 6
M- S
1 0 0 U 10 0 34 100*4 100*2
A-O
99% 1103%
Nov
.>*4 97
95 \
91 ......... 95 *2
MS
110 F e b ’04
M-S
104*2 A p r ’00
J-l>
101 S e p ’ 06
J -J
10 1 1 0 1 %
J-J
114 M ar’06
114 114
112*2 Jan ’03
F-A
108 % Sep ’06
J -J 1 0 8
107*4 1 1 1 %
102 Sep *05
J -J
OO3©
99%
J-J
”9 9 " “ 99 %
99%
100 J ’ne’ 01
A -0
123 *©O ct ’06
123% 123%
M- N
111% J ’l y ’05
J-D
Q-F 1j8 7 % Sale 1J87 *2
87*2 10 "si" ” 9 0 ”
109 May’05
A-O
101 A u g ’06
A-O
100 1 0 1
102% J ’ly ’06
M- N
102*2 104
100 O ct ’06
F-A 100
99 100%
M- N
10276 J’ ne’06
102% 105%
97% 99%
99 J ’l y ’06
M- S
90% 94%
J -J
92%
92*4
J -J
J -J
J -J
J-J
A -O
104
97
Sale
97
J -J
J -J
M- N
J-D
J-D
100
101
A -O
A-O
A -O
00
M- N
M-S
M- N
M- S
M-S
A-O
A-O
J -J
q.j
98 % Sale
9734 .......
103% 104
9934 Sep ’ 06
122 A p r ’06
126 F e b ’05
103 A n g’06
101 Oct ’ 06
10 1*4 J’ ne’ 06
112 * 4 J a n ’ 03
100 J ’ ne’06
92 S e p ’ 06
98 S e p ’ 06
100 A n g’ 06
103 *2 se p ’05
103% A p r ’05
100% Oct ’ 06
137% A p r ’ 06
140 A p r ’ 05
98
98 % 29
97% Oct ’06
103% 107
97% 99%
122 124*4
103 103
101 105
101*4 101*4
100 106
90
97
98- 101
100 101
99*4 102%
137 137%
96% 101%
96% 101%
m*NDs>
£
BOSTON STO CK E X C H ’ G E |£ £
W eek E nding N o v . 2
Illinois Steel deben 5 s___ 1910
N on-convert deben 5 s .. .1913
la Falls A Sioux C le t 7s. .1917
Kan C Clin A Spr 1st 5 a ... 1925
Kail C Ft S A G a ll 1st 7 s .. 1908
Kan C Ft Scott A M 6 s___1928
Kail C Al A B gen 4 s.......... 1934
A ssented incom e 5 s ....... 1934
Kan C A M R y A Br 1st 5s 1929
Kan C St Jo A C B 1st 7 s .. 1907
Maine Cent cons 1st 7 s ... 1912
Cons 1st 4 s ....................... 1912
Mam H ough A O nt 1st 68.1925
M ex loan Central con s 4 s .. 1911
1st cons in c 3 s ..........Jail 1939
2d cons iu c 3 s..........Jan 1939
Mioh Telep cons os tr rec.1929
M inne Gen E lec con g 5s 1929
N ew E n g Cot Yarn 5s___ 1929
N ew E u g T e le p li 6 s...........1906
6 s ........................................ 1907
6 s ........................................ 1908
5 s ........................................ 1915
N ow E ngland con s g 5 s ... 1945
B oston T erm 1st 4 s ....... 1939
Old C olony gold 4 s ............. 1924
Oreg R y A N av con g 4 s .. 1946
Oreg Sh L in e 1st g 6 s....... 1922
R epub V alley 1st s t 6 s ...1919
Rutland 1st con gen 4 % s .l9 4 i
Rutland-Canadian 1st 4s 194 9
Savannah E lec 1st con s 58.1952
Seattle E lec 1st g 5 s.........1930
T erre H au te E le c g 5 s___ 1929
T orrington 1st g 5 s...........1918
U nion Pao R R A 1 gr g 4 a .1947
1st lien co n v 4 s ................ 1911
U nited F ru it co n v gen 6s. 1911
U S Steel Corp 10-60 yr 5s. 1963
W est E nd Street R y 4s___ 1915
Gold 4 % s.............................1914
Gold debenture 4 s...........1916
Gold 4 s................................ 1917
W estern Teleph A T e l 58.1932
W iscon sin Cent 1st gen 4 sl9 4 9
W iscon sin V alley 1st 7 s .. 1909
N ote — Bu yer pays accrued interest In addition to the purchase price for all B oston Bonds.
iT ice
Brit Lay
Nov. 2
i f tote's
Range or
Last Sale
B al
a sk
U)n7e ... .
A-O 101
.. . .
AO
AO
97
J-D
M-N 1 1S% 119
M-S
95 ‘2 97
M-S
92% 94
A-O
J-J
A-O
J-J
Low
100%
Lange
Since
January 1
H igh .No Low
100%
100
100
High.
101 %
101 %
101
Oct ’ 06
122 % 122%
97 *•» 100
Sep *06
Oct ’ 06
105% 106
1 17 % 123%
118 SOct ’06
95% 99 %
93
94
02
100 104%
101 J ’l y ’06
1 0 0*4 1 0 2 %
100*4 Sep ’06
115 A p r ’ 06
115 115
101*4 Sep ’ 05
118 M av ’04
13 7534 84
79
81% H8l*4 If8 4
23
25 11*2%
26% 40 19*4 26%
I73.i A n g’ 05
75 J’ne’03
1 0 2 % A u g ’04
99
97 100
99%
99*4 Sale
1 0 0 % Oct ’05
100
100
100 101%
10034 101%
i ’0 0% Yal’e 1003.1 I0034
106a4 A p r ’ U6
104 107
A-O
A-O
J -J
J ’ly
75
J -J
F-A
A-O
A-O
A-O
A-O
J -J
A-O
F-A
J-D
F-A
J -J
J -J
J -J
J-J
F-A
J-J
M-S
J -J
M-N
M-S
M-N
F-A
M-S
M-N
F-A
J-J
J -J
J-J
103
104
106% 110
1198% Sale
i OU * 4 ........
100 m .........
100*4.........
100 100%
101
122 %
97%
103
118%
95%
93
101% Sep ’ 06
1102% Jan *05
7121% M ar’06
103 Jan ’ 06
107% N ov ’ 05
102 M a i’02
98% May’06
104
104%
102 D e c ’ 05
100 J a n ’ 06
7102% Sep ’ 06
7150% A p r ’06
109% S e p ’ 06
79S
7101
100% S e p ’ 06
103 J ’l y ’06
102% J a n '06
100% Oct ’06
100
100
1J94% Sep ’ 05
109% A u g’ 05
* N o p rice F rid a y ; latest bid and asked.
1 01 % 1 0 1 %
7I2l;%7121%
103 103
98
98%
103% 109
100 100
102% 7104%
7150% 155
107 112*4
1|96 7100%
100%102%
102%
102%
100% 102%
102% 103%
99% 103^1
H F lat price.
Philadelphia and Baltimore Stock Exchanges— Stock Record, Daily, W eekly, Yearly
S h a r e P r ic e s —N ot P e r C en tu m P r ic e s
Saturday
Oct 27
25
•
25
H on d a y
Oct 29
I'uesday
Oct SO
W ednesday
Oct 31
107 107% *107% 109 *107
24% 24%
25
25%
25
A C T IV E S T O C K S
T hursday
Nov 1
B a ltim o r e
Consolidated G as...........100
107%
25
* 15% 15%
63% 54%
15% 15%
54
•63
15% 15%
52
62
37% 37%
113.1 11%
8
8
52
52
37% 38
11% 11%
52
52
37% 38
11% 11%
*51% 52%
37% 37^
*11% 11%
52
52
37% 37%
11% 11%
*16% 17
16% 1 0 %
108 108
108 108%
77
•77*4 7734
77*4
1*16 l®ia
70% 72
70% 71%
*48% 49
*48% 49
8% £9ie
8% 89ie
27% 27 %
27% 2734
69 %7013ia
70% 70%
*45
46
*45
46
46% 46%
*47% 48
64% 64%
64% 64%
91%
90% 91
91
*16 % 17
109 109%
77% 78%
l 9ie l° ie
70% 72%
*48% 49
£710
27 34 27%
09*4 70i5ie
*45
46
*47% 48
64% 64%
91% 93%
•16%
* lo 9
76%
l 9ie
70%
*48%
8%
27%
7o%
*45
*47
64%
91
17
110
7734
l tf16
71%
49
8%
2 7 ',
71%
46
48
64%
01*4
P U ll^ A D E L P H lA
Bid
A sk
In a c tiv e b lo c k s
A llegh en y V al p re f___50
A m erican Cem ent....... 10
93.
9%
A m er Gas of N J ....... 100
104%
B ell T elep h on e............ 50
51*4 51%
Cambria I r o n ................ 50
48
Central Coal A Coke. 100
Consol T ra c of N J ...1 0 0
Diam ond State S te e l.. 10
P r e fe r r e d ....................10
Easton Con E lectric f>.50
E le c Storage Batt___ l o o
70
73
P re fe r re d .................. 100
Ft W ayne A W V ....... 100
Germ antow n Pas.-!....... 50
Indianapolis S t.......... 100
Indiana Union T r ___ 100
In su rance Co of N A . . 10
22 % 23
In te rS m P ow A Chem.50
28
K eystone Telephone ..6 0
12
P r e fe r r e d ....................50
K eystoneW atchC aae.100
L it B roth ers.................. 10
16
17
Little S ch u y lk ill.......... 50
M inehill A Schuyl H ..5 0
N H aven Iron A S teel.5
2% 3
N orthern C entral........ 5o
107%
N orth P e n n sy lv a n ia ..50
P ennsylvania s a lt ....... 50 115 116
P ennsylvania S teel.. 100
60
P r e fe r re d .................. 100 103%
Phila Co (Pitta) p r e f...50
48 % 49
Phil German A N o m a .50
Phila T ra ction ...............50
97% 07
R ailw ays G eneral....... 10
Susquen Iron A S te e l..5
%
T idew ater S teel.......... l o
1^
P r e fe r r e d .................... lo
Tonopah M in in g of N e v l
1 0 % 19%
U nion T r o t In d .........100
U nited N J R R & C .. 100 255%
U n it T rac P u ts p r e f..50
W arw ick Iron A s t e e l.10
63*
7
W est Jersey A S eaSh .50
00
W estm oreland Coal....5 0
90
9u -j
W ilk es Gas A E le c .. 100
Yi“
108 108%
*24% 25% Seaboard (n e w )...............100
*82
85
D o 1st p re f............. 100
54*53
D o 2d p re f............. 100
*16% 1534 United R y A .E lectric.. 50
107 107%
•24%
55%
•15*4 15%
•16% 17
♦109 n o
76% 76 %
1916 l 9ift
69% 70 >
4934 49 34
3%
b%
♦27% 28 ^
69% 703©
•45
*47
48%
64% 64%
9034 9 i%
(F o r B onds and In active Week
Stocks see below)
Shares
F rid a y
Nov 2
*53
*15%
54
15%
P h i la d e lp h ia
62 A m e rica n R a ilw a y s ___
52
37% 37% C a m b ria S t e e l ................. 50
11% 12 E le ctric Co of A m e rica 10
*7
9 Gen A sphalt tr c t l s ___ 100
*31
33
D o pref tr e t t s ___ 100
*16% 17 Lake Superior C orp___ 100
110 111 L enigh C A N av tr ctfs. 60
78% 81% L ehigh V a lle y ................ 50
*1%
1% M arsden C o..................... 100
7 23! q 72% Pennsylvania R R ......... 50
*48% 49 Philadelp’ aCo (P itts b ). 50
834 Philadelphia E lectric*. 25
«%
27% 28% Phila Rapid T ra n s it^ .. 50
73% R e a d in g .......................... 50
71
46
*45
Do 1st p re f............ 50
48%
D o 2d p ie f .............. 50
*48
64% 64% U nion T r a c to n .............. 50
93% 94% United Gas Im p t........... 50
30 W elsbacli C o .................. 100
*28
B id
P H IL A D E L P H IA
Bonds
A l V a l E ext la 1910 A-O
A lt A L V E le c 4 %s’ 33.F-A
A m R y s c o n v 5 s 1911. J-D
A tl City 1st 58 g ’ 1 9 .M-N
Balls Ter 1st 5s 1926-J-D
B e rg A E B rw 1st 6s’ 21 J-J
B ethle Steel 6s 1 9 9 8 .Q-F
Che A D Can 1st 08 ’ 16 J-J
Choc A M e 1st 5s 1949 J-J
Ch Ok A G gen 5 s T 9 J-J
Col St R y 1st con os 1932
Con T rac of N J 1st 5s. ’33
E A A 1st M os 1920 M-N
E lec A P eo T r stk tr ctfs
Eq II Gas-L 1st g os 1928
H A B T op con 5s ’25 A-O
Indianapolis R y 4 s .1933
In terstate 4s 1943 ..F -A
Lehigh N av 4% s T 4.Q -J
R R s 4s g ....... 1 91 4.Q-F
Gen M 4%s g .l9 2 4 .Q -F
Leh V C 1st 5s g ’3 3 ..J-J
Leh V ext 4s 1st 1948. J-D
2d 7a 1910..............M-S
Consol 68 1923....... J-D
j A n n u ity 6 s........... ’.J-D
Gen cons 4s 2 0 0 3 .M-N
Leh V T ra c 1 s t4s ’2 9 .J-D
N ew Con Gas 5s 1948 J-D
N ew ark Pass con os 1930
N Y Ph A N o la t 4s ’39 J-J
In com e 4s 1 9 3 9 ...M-N
N oO litoTrac con5sT9.J-J
N o Penn 1st 4s ’ 3 6 ..M-N
Penn gen 6s r 1910.. V ar
Consol 5s r 1 91 9...V a r
Penn A Md Steel con 6s.
Pa A N Y Can 5s ’ 39. A-O
Con 4s 1939............ A-O
Penn Steel 1st 5a T 7 M-N
People’ s T r tr certs 4s ’43
P Co ls tA col tr 5s’ 49 M-S
Con A col tr5 s 1951 M-N
Phil Elec gold trust cits.
T ru st certifs 4 s..............
* Bid and asked prices; no sales on this d ,y.
A sk
1j Ex-rights.
98
1 0 1 % lu2
106
112
105%
106*4
98%
106%
112
109 „
123
161
97%
99
85%
6734
113
97%
io «
103
106%
1 0 1 % .........
106% 107
102 % .........
99 | 99%
10
71
H$7.50 paid.
jRcunge jo r Year
1906
Sales
0/ the
Lowest
82
310 97
1, L10 24%
85
763 53%
121 14%
J’ne 7
J ’ly 3
Oct 29
Sep 20
Oct 30
Sep 13
Range 1or P reviou s
Year (1 9 0 5 )
H igh est
92 J’ ne20
1083r Oct 9
32 Jan 17
9 l 34 M ar30
62% J an 5
19 Jan 15
Lowest
83 M sj 90 A pr
99 May 1 1 0 34 Sep
21% Jan 34 Deo
83 Mai y 1 % N ov
47% Jan 64 Dec
12 % A pr 18 Mar
89 6034 Sep 10 54 Jan 27 48 J an 54% Apr
1,907 3034 Jan 5 39% Sep 10 2434 May 32 D ee
2,896 11 May 9 12% Jan 10 10% Jan 12% Feb
6
8% Dec 17*4 Jan
7% Sep 29 14 Jan 4
33 Oct 2 48 Jan 19 36 N ov 49 Jan
14 16% Oct 31 2334 Jan 15 14% Maj 25*4 Mar
350 101*4 May 2 118 Jan 19 100% J ’ly 123% N ot
11,945 65 May 2 86 J ’ne 8 52 % Jan 90% N ot
840 l 7ie Oct 8 3*°ie Jan 10
5 34 Jan
2% Dec
36,196 61% J ’ly 3 73**10 Jan 22 6513ie May 73% A ug
3 47 A p r 20 a54% Mar 2 6 40j4 Jan 55 *4 N ot
7 3* Jan 11 93ie O ct 17
3,284
8 J ’ne 12% A p r
1,820 §24 J ’n e l5 §34% Jan 27 f 1734 Jan 236 A p r
52,941 56% May 3 83 Jan 23 39% Jan 7113ie N ot
43% A p r 16 47i5,0 Jan 23 45 May 47% Aug
30 44% May 2 51 J an 23 42 Jan 50% N ot
575 61% Mar 28 65 A u g2 i 58*4 Mar 63% Got
25,834 1181% M ayl6 101 Feb 15 90 J ’ ue 125% A p r
2934 A u g l4 32 Mar 1 20 Feb 31 N ot
B A L T IM O R E
A sk
112 % Chas City R y 1st 5s ’ 23 J-J
P A E gen M 6 g ’ 20. A-O
Chas R y G A El 6s ’ 99 M-S
Gen M 4s g 1 9 2 0 ..A A O 102
Chari O A A e x t 5 s .’09 J-J
Ph A R ead 2d 5s ’ 33. A-O
Con M 7s 1911....... J-D 113 114
2d 7 s............... 1910 A-O
City A Sub 1st 5 s ..’22 J-D
Con M 6s g 1 9 1 1 ....J-D
E x Im p M 4s g ’4 7 .A-O 1 0 2 %
City A Sub( W a s)le t 5s’4S
Term inal 6s g 1941. Q-F 121
Coal A 1 R y 1st 5 s '20 F-A
P W A B col tr 4s ’ 21. J-J 1 0 1 %
Col A G rn v 1st 6S.1916J-J
Portland R y 1st 5s 1930.
Consol Gas 6 s ...1910 J-D
R och R y A Jucon 5s ’ 54J-J
5s......................1939 J-D
9734 Ga A A la 1st con 5s ’ 45 J -J
U T rac In d gen 5s’ l 9 . J-J
86
Un R ys T r ctls 4s’ 49JAJ
Ga Oar A N 1 st 5s g ’29 J-J
113% Georgia P 1st 6 s ... ’22 J -J
U T rac P it gen 5s ’97 J -J
W elsbacli a 1 5s 1930.J-D
GaSo A Fla 1st 5s 1945J-J
73% 74
G-B-S B rew 3-4s 1961M-S
W lks-B G A E con 5s’65J-J
2d incom e 5s 1951 M-N
B A L T IM O R E
K n oxv T ra c 1st 5s ’ 28A-G
In a c tiv e S t o c k s
L akeR E l 1st g u 5s’42M-S
A la Cons C oalA Iron .100
M etS t(W a sh )lst5 s’25F A
P r e f ............................ 100
92
M t V e r C ot D uck 1st 5s.
A tlanta A C h arlotte.. 100 180
I n c o m e s ..........................
A tlan Coast Line R R . 100 143 145
N p tN A O P 1st 5s’38 M-N
Atlan Coast L (Conn) 100 335 351
General 5s— 1941 M-S
Canton C o....................100
94
92
Cons Cot Duck C o r p ...50
12% N orfolk St 1st o s ’ 4 4 ..J-J
12
P r e fe r r e d ....................50
33% N orth Cent 4 %s 1925 A-O
33
Series A 5s 1926__ J-J
G eorgia Sou A Fla. ..1 0 0
32
Series B 6s 1926__ J-J
1st p re f......................100
92%
2d p re f....................... 100
92 % Pitt U u T rac 5s 1997.J-J
85
Poto Val 1st 6s 1 0 4 1 ..J-J
G-B-S B re w in g ...........100
9
6%
Sav Fla A W est 5 s ’34 A-O
Seaboard A L 4 s 1950 A-O
B on d*
Scab A Roan 5s 1926. J-J
A nacostia A Pot 5 s........... 102 %
South B ound 1st 5 s..A -O
Atl A Ch 1 s t 7 ... 1907 J-J
U El L A P 1st 4 *06*29 M-N
A tlan C L R R 4sl9 52 M -S ’ 97 ** 98
Un R y A El 1 s t4 s '49 M-S
A tl Coast L (C t)ctfs 5s J-D 110
Incom e 4s 1949....... J-D
Ctfs of inaebt 4 s ___J-J
90
88
V a M id 1st 6s 1 90 6..M-S
5-20 yr 4s 1925.........J-J
00
88
2d series 6s 1 0 1 1 ...M-S
Balt CPass 1 s t6s ’ l l M-N
3d sen es 6s 1 9 1 6 ..M -b
Balt Fundg 5 s .1916 M-N 109
110
4th ser 3-4-68 1921. M-b
E xchan ge 3 %s 1930 J-J 100 % lu l%
5lh sen es 6s 1 9 2 6 .M-S
Balt A P 1st 0s m 1’ l l A-O
Va (State) 3s new ’ 3 2.J-J
Balt T rac 1st 6s..*29 M-N 114
Fund debt 2-3s 1991. J-J
N o B ait D iv 5ft 1942 J-D 115
W est N O con 6s 1014 J -J
C onvertible 6 s .’ 06 M-N
W es Va CA P 1st 6gT 1 J -J
Cent’ l R ycon5ftl932 M-N 114
Wll A W eld 5 s ..1 9 3 6 .J-J
E xt A Imp 5 a .l9 3 2 M S 112
P H IL A D E L P H IA
t $15 panL
rrato.
H ighest
B id
2
p«ucL
a ReoeipWi.
b $25 paid
B id
A sk
106
93
115
109
110
104
103
U 0%
112
105%
1O034
109%
1093,
118
i104o~5
114%
106%
110
10934
110
111 % 114
58% 58%
34
35
105
116
113% 114%
82
82%
95
97
60
108
107
115
118
115
118
no
113
112
114
8234 83%
110 %
109
93
04
88 •% 89
69%
69
107%
112
113%
110
ill
04%
9434
06%
66
212 % -••••*
1U7 108
116% 116%
1088
THE CHRONICLE
[V
ol
. L xxm i
| m ie s tm e n t a n d R a ilr o a d In te llig e n c e .
RAILROAD
GROSS
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
e&n be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month. We add a supplementary
•tatemcnt to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period.
The returns of the street railways are brought together separately on a subsequent page.
Latest Gross Earnings.
Week or
M on th .
ROADS.
Current
Y ear.
July 1 to Latest Date.
Previous
Year.
$
$
— See Sout hern Rail w ay.
A la Great Sout)
A la N O & T e x P ac.
45,000
55,000
N O & N E ast___ 1st w k Oct
18,000
22,000
A la & Vicksburg:. 1st w k Oct
23,000
14,000
V icksburg Sb & P 1st w k Oct
fcAtch T op 6c S F e _ . Septem ber 7,401,424 6,669,746
346,486
363,539
A tlan ta 6c C h a r i___ July _____
91,759
125,735
A tlan Blrm & A tl’c . A u g u s t ---A tlan tic Coast Line A u g u s t ___ 1,829 254 1 ,612,763
B altim ore & O h io. _ Septem ber 7,077,897 6,547,806
181,432
212,468
Bangor 6c A roostook A u g u s t ___
4,616
5,413
Belief onte C entral. _ Septem ber
5,111
6,986
B ridgeton 6c Saco R A u g u s t ___
174,834
184,898
Buff R och 6c P i t t s .. 3d w k Oct
149,154
139,529
B uffalo & Susq____ Septem ber
181,592
170,691
Cal .N orthw estern. . Septem ber
221,500
118,700
Canadian N orth ern . 3d w k Oct
Canadian P acific___ 3d w k Oct 1,528,000 1,284 ,000
254,500
241,200
Central o f G eorgia. _ 3d w k Oct
Central o f N Jersey. Septem ber 2,149,657 2,159,759
2,524
2,957
Cfaattan S o u th e rn .. 3d wk Oct
Chesapeake & O h io. Septem ber 2,144,476 2,000,285
2,967
2,519
Chesterfield 6c Lane J u l y _____
Chicago & A lton R y Septem ber 1,111,463 1,045,340
185,143
193,587
Chic Great W estern 3d w k Oct
118,252
120,238
Chic In d 6c Louisv_ 3d w k Oct
Chic Ind & Southern — See New Y ork Cen tral.
Chic Milw 6c St Paul Septem ber 5,467,863 5,261,887
Chic 6c N orth W e st. Septem ber 6,148,305 5,766,337
Chic St Paul M 6c O . Septem ber 1,279,338 1,278,848
33,741
Chic Term T r R R _ _ 3d w k Oct
33,916
Cin NO 6c T exas Pac — See Sout hern R a ilw ay.
Cincinnati N orthern — See New Y ork Cen tral.
Ciev Cin Chic & St L — See New Y ork Cen tral.
182,147
C olorado Midland __ A u g u s t ___
218,256
& Col 6c South S y s _ . 3d w k Oct
309,222
272,013
Col N ewb 6c L a u r. _ A u g u s t ___
24,092
19,449
Copper R a n g e _____ J u l y _____
68,496
61,173
15,916
Cornwall___________ A u g u s t ___
19,403
Cornwall 6c Lebanon A u g u s t ___
53,049
41,432
D enver 6c R io G r___ 3d w k Oct
423,400
405,900
18,545
23,013
D etroit & M ackinac 3d w k Oct
85,608
83,608
D et T o l 6c Iron t Sys 3d w k O ct
Dul R L 6c W in n ip . A u g u s t ___
11,532
30.150
Dul So Shore & A t l. 3d w k O ct
60,389
57,468
E r ie ..,______________ A u g u s t ___ 4,514,677 4,406,759
E vansville 6c T er H — See R o ck Island S ystem .
Fairchild & N E _ ._ Septem ber
1,206
2,150
F on d a Johnst 6c Gl_ Septem ber
248,322
Georgia R R ________ Septem ber
261,062
Georgia South & Fla — See Sout hern Rail w ay.
899,141
804,651
Grand T runk Sys__ 3d w k Oct
127,696
Gr T runk W e s t .. 2d w k Oct
126,572
D et Gr H & Milw 2d w k Oct
31,160
25,081
41,730
Canada A tla n tic- 2d w k O ct
37,900
Great N orth ern ____ Septem ber 5,108,147 4,733,247
214,457
M ontana C entral. Septem ber
222,403
T otal system ____ Septem ber 5,322,604 4,955,650
38,013
Gulf 6c Ship Isla n d . 3d w k O ct
46,843
607,032
589,445
H ocking V a lley ____ Septem ber
Illinois C e n tra l____ Septem ber 4,647,543 3,960,057
204,700
161,200
Inter 6c G t N orth ’n . 3d w k Oct
115,643
120,651
cln terocea n ic (Mex) 3d w k Oct
61,937
66,305
Iow a C entral______ 3d w k Oct
201,908
176,608
Kanaw ha 6c M ic h .. Septem ber
688,551
561,406
K an C ity Sou th ern . Septem ber
Lake Erie & W est’ n — See N ew Y ork Cen tral.
Lake Shore & M Sou — See N ew Y ork Cen tral.
Lehigh V alley_____ Septem ber 3,092,684 2,973,475
L exin gton 6c E ast’ n A u g u s t ___
53,383
47,473
In c. 12 0,340
L on g Islan d________ A u g u s t ___
105,300
74,400
Louisiana & A rk a n . Septem ber
807,330
931,330
Louisville & N a sh v . 3d w k Oct
M acon & B in n in g . _ Septem ber
12,553
15,882
32,106
Manist & N o E a s t .. July _
30,763
7,485
12,189
M anistlque_________ Septem ber
35,300
36,433
M aryland 6c P e n n .. Septem ber
118,832
150,858
a M exican In tern a t. 3d w k Oct
114,500
114,100
a M exican R a ilw a y . 2d w k Oct
24,616
22,920
a M exican Southern 2d w k Oct
— See New Y ork Cen tral.
M ichigan Central
15,034
Mineral R a n ge_____ 3d w k Oct
13,897
72,103
87,677
Minneap & St Louis 3d w k Oct
280,726
260,253
Minn St P 6c S St M . 3d w k Oct
M o Kansas 6c Texas 3d w k Oct
561,627
480,268
796,000
M o P acific 6c Ir Mt_ 3d w k Oct
909,000
35,000
37,000
Central B ran ch . . 3d w k Oct
'833,000
T o t a l___________ _ 3d w k Oct
944,000
b M ob ile Jack & K C J u l y -------114,295
66,658
M obile 6c Ohio
— See Sout hern Rail w ay.
Nash Chatt & St L_ Septem ber
869,135
924,716
«N a t R R o f M ex __ 3d w k Oct
276,239
242,002
H idalgo & N E __ 3d w k Oct
18,894
N ev-C al-O regon____ Septem ber
25,733
26,486
N evada Central____ A u g u s t ___
6,422
4,401
N Y Chic & St Louis — See New Y ork Cen tral.
N Y Ont 6c W estern Septem ber
715,767
655,980
N Y Susa 6c W e s t .. A u g u s t ___
243,956
245,698
Current
Y ear.
Previous
Year.
*
5
815,636
669,924
367,071
291,353
392,796
249,241
21,293,597 18,695,446
363,539
346,486
181,060
242,878
3,747,957 3,302,676
20,803,783 18,714,722
349,224
426,493
13,352
14,896
12,299
10,059
2,552,717 2,933,563
431,740
382,782
490,809
544,797
2,395.300 1,472,700
22,756,187 18,076,484
3,604,238 3,450,720
6,807,226 6,479,903
49,322
40,251
6,273,478 5,743,179
2,967
2,519
3,284,017 3,032 277
3,009,170 2,732,017
1,961,881 1,978,536
15,461,303 13,684,980
17,636,699 16,055,940
3,413,877 3,226,962
535,880
531,623
414,400
4,059,946
46,672
68,496
,
37,490
92,760
6,555,511
386,336
1,281,468
56,830
1,078,129
8,875,701
346,666
3,599,896
38,670
61,173
34,380
81,091
6,106,38 8
315,919
1,184,990
20,024
1,006,163
8,366,059
3,959
241,792
702 ,763
5,766
222,822
679,396
13,886,618
1,813,947
576,795
656,928
14,653,466
692,188
15,345,654
714,206
1,831,163
13,475,940
2,401,900
2,012,680
959,875
600,094
2,064,951
12,718,837
1,649,033
472,906
634,912
12,184,883
638,467
12,823,350
565,993
1.670,228
11,724,891
2,110,683
1,829,603
882,461
542,097
1,647,480
9.432,555 8,457,771
103,659
90,863
I n c .22 3, 379
314,009
224,886
14,243,064 12,695,650
36,504
40,115
32,106
30,763
32,304
37,584
96,076
98,107
2,317,350 1,869,934
2,024,300 1,782,100
344,848
344,639
237,522
238,790
1,212,029 1,252,948
4,279,737 3,624,152
7,429,680 6,530,390
14,311,749 12,897,809
536,322
694,313
14,848,071 13,592,122
114,295
66,658
2,804,494
4,418,796
312,181
75,457
12,926
2,543,156
3,873,952
2,368,642
476,981
2,147,457
442,514
69,610
8,134
Latest Gross Earnings.
Week or
M onth.
ROADS.
N Y C & H ud R lv__ Septem ber
Lake Sh 6c M S__ Septem ber
Lake E 6c W e st. _ Septem ber
Chic In d & S o u .L Septem ber
M ichigan Central _ Septem ber
Clev C C 6c St L_ _ Septem ber
Peoria 6c Eastern. Septem ber
Cincin N orth ern . Septem ber
Pitts 6c Lake Erie Septem ber
R u tla n d _________ Septem ber
N Y Chic 6c St L . Septem ber
N orfolk 6c W estern . Septem ber
N orthern C entral. . Septem ber
N orthern P a cific___ Septem ber
Pacific Coast C o___ A u g u s t ___
d Penn— East P & E Septem ber
d W est P
E ____ Septem ber
Peoria 6c Eastern — See New
Phila Balt 6c W a sh . Septem ber
Philadelphia 6c Erie A u g u s t ___
P itts Cin Chi 6c St L Septem ber
Pitts 6c Lake Erie
See New
R aleigh & Southport Septem ber
R eading R a ilw a y .. Septem ber
Coal 6c Iron C o._ Septem ber
T otal both c o s ___ Septem ber
R ich F red ’k sb ’g &P A u g u s t ___
R io Grande J u n c t .. A u g u s t ___
R io Grande South _ _ 3d w k Oct
R o ck Island System Septem ber
e St L & San Fran Septem ber
f E van sv & Ter H Septem ber
T ota l o f all lines. Septem ber
R utland— See New Y ork Centr
St Jos & Grand Isl. A ugust _
St L & San Fran — See R o ck
St Louis S ou th w est. 3d w k Oct
Seaboard Air L in e . . A u g u s t ___
Sierra R ailw ay ____ Septem ber
Southern Indiana
Septem ber
cSouthern P acific Co A u g u s t ___
Southern R y ______ 3d w k Oct
M obile & O h io___ 3d w k Oct
Cin N O & T ex P . 3d w k Oct
A la Great South _ 3d wk O ct
Ga South 6c F l a . . Septem ber
Texas C entral_____ 3d w k Oct
Texas & P a cific____ 3d w k Oct
Tidew ater 6c W e st. A u g u s t ___
T oled o 6c Ohio Cent Septem ber
T o le d o P eo & W e st. 3d w k Oct
T oled o St L & W est 3d w k Oct
T om bigbee V a lle y . _ Septem ber
T o r H am 6c Buffalo Septem ber
U nion P acific S y st. A u g u s t ___
V irginia 6c So W e s t. Septem ber
W a b a s h ___________ 3d w k Oct
W estern M aryland . 3d w k Oct
W est Jersey 6c S’e__ Septem ber
W heeling 6c L ake E 3d w k Oct
W ’ m sport & N Br_ _ A u g u s t ___
W isconsin C e n tra l.. A u g u s t ___
W rightsv 6c T e n n . _ A u g u s t ___
Y a zo o 6c Miss V alley Septem ber
July 1 to Latest Date.
Current
Year.
Previous
Year.
8,430,237
3.769.846
465,707
201,236
2,277,214
2,227,016
261,465
99,019
1,197,831
273,615
812,462
2,596,395
1,052,519
6,127,653
622,106
13059 859
In c. 66
Y ork Cen
1,414,090
831,661
2,532,102
Y o rk Cen
8 ;118
3,376,224
2,150,451
5,526,675
129,297
63,900
12,670
4,899,094
4.001.846
193,513
9,094,453
ai
153,691
Island Sy
212,132
1,175,542
40,682
139,458
9,711,054
1,137,415
186,703
168,145
70,186
176,528
28,025
330.395
8,464
458,942
27,205
72,519
3,773
67,628
6,283,775
87.623
571,968
106,011
549,108
122,565
19,180
677,168
15,367
693,053
8,106,297
3,484,252
478,311
177,431
2,155,439
2,072,136
273,167
82,254
1,071,083
250,707
765,166
2,398,544
948,719
5,912,602
654,237
12334159
1,400
tral.
1.310.390
831,140
2,335,747
tral.
5,051
3,509,358
2,567,121
6,076,479
116,234
60,613
12,954
4,719,385
3,542,341
196,664
8.458.390
$
Current
Year.
Previous
Year.
24,782,967
11,177,682
1,408,182
537,993
6.571.666
6.735.667
792,285
302,418
3,771,108,
811,056
2,430,752
7,526,57?
3,089,270
17,867,858
1,185,620
38,579,22
In c. 2,1
%
23,387,790
10,069,253
1,348,438
512,643
6,115,973
6,121 ,314
744,899
245,192
3.280,695
737,301
2.189.869
6.920.294
2,721 ,170
15,477 ,621
1,251,010
35.032,923
26,500
4,227,495 3.797.295
1,584,87A 1,517,919
7,528,21# 6,844,136
19 832
10,055,677
6.538.668
16,594,345
287.673
125,495
191,042
14,357,357
11,542,716
604,498
26,504,571
296,410
278,375
144,527
stem .
186,107 3,070,401 2.661.511
1,103,085 2,357,442 2,223,950
120,984
94,867
33,460
400,467
348,435
116,881
8,591,941 18,957,475 16,781,118
1,073,467 16,947,854 15,934,710
162,325 2,976,565 2,570,890
162,037 2,658,162 2,441,379
64,227 1,212,531 1,064.948
515,801
447,988
153,517
273T463
19,857
311,026
254,104 4,198,539 3,206,598
13,494
16,089
7,323
390,511 1,334,829 1.128.512
391,004
28,225
418,733
82,489 1,242,203 1,298,981
15,315
10,198
3,439
172,190
61,919
192,430
5,758,736 12,573,528 11,214,448
252,917
242,130
85,679
488,322 8,951,851 7,893.682
86,781 1,696,985 1.485.869
500,308 2,050,139 1,929,539
115,998 1,893,092 1,756,825
20,484
641,003 1,291,337 1,232,398
28,789
31,213
15,018
461,739 1,956,295 1,446,812
Current
Year.
Previous
Year.
$1,693,312
41,336
5,511,170
274,485
83,461
6,354,880
5,521,300
976,669
11,812,721
67,662,191
31,784,778
3,933,561
1,684,256
19,190,808
18,098,185
2,253,841
778,179
10,818,264
2 ,07S ,924
7,316,751
8,565,064
108406 072
In c. 6,5
11,740,906
5,250,796
21,680,777
496.220
10,802,027
4,220,691
$1,590,715
44,376
5,061 318
267,872
79,179
5,112,415
4,913,200
962,531
9,984,297
62,577,353
28,236,197
3,637,809
1,549,516
16,843,132
16,352,337
2,051,803
6 24,S41
9,333,987
1,879,593
6,532,779
7,717,264
97,007,772
34,900
10,867,306
5,163,012
19,383,061
420,568
8,852,582
3,761,791
Period.
Various Fiscal Years.
A tlanta 6c Charlotte A ir L in e ___
Bellefonte Central______________
a Interoceanic o f M ex ico________
Manistee & N orth Eastern_____
M a n istlq u e --------------------------------a M exican Intern ation al-----------a M exican R a ilw a y_____________
a M exican Sou th ern _____________
N ational R R o f M ex ico_________
New Y ork C entral______________
Lake Shore 6c M ich SouthernLake Erie & W estern _________
l Chicago Indiana 6c Southern
M ichigan Central_____________
Cleve Cin Chic 6c St L ou is____
Peoria & E astern_____________
Cincinnati N o r th e r n _________
Pittsburgh 6c Lake E rie_____
R u t l a n d _____________________
N Y Chicago 6c St L ou is_____
N orthern Central_______________
d Penn— East of Pitts & E rie ___
d W est o f Pitts 6c E rie________
Phila B altim ore 6c W a sh in g ton .
Philadelphia 6c E rie_____________
P itts Cin Chicago 6c St L o u is___
R io Grande Ju n ction ___________
Texas 6c P a cific------------------------W est Jersey & Seashore________
M ch
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
D ec
Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
15,144
10,100,417
6,691,479
16,791,896
260,490
109,532
174,890
13,072,363
10,251,659
575,009
23,899,031
July
Sept
O ct
July
Sept
Oct
Oct
O ct
Oct
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Aug
Sept
A ug
Oct
Sept
31
30
21
31
30
21
14
14
21
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
31
30
31
21
30
AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
M onthly Summ aries.
3rd
4th
1st
2nd
3rd
4th
1st
2d
3rd
w eek
week
w eek
w eek
week
w eek
week
week
w eek
A ug
A ug
Sept
Sept
Sept
Sept
O ct
O ct
Oct
(41
(43
(42
(43
(43
(41
(43
(43
(43
ro a d s )____
ro a d s)____
roa d s)____
ro a d s)____
ro a d s )____
roa d s)____
roa d s)____
ro a d s)____
ro a d s)____
Cur'nt Year Prev*s Year. In c. or D e c„
$
9,668,852
14,996,198
9,916,451
10,246,594
10,517.062
13,560,315
10.170.700
10,735,986
11,035,972
$
8,509,342
13,302,828
8,765,450
9,160,323
9,298,534
12,823,209
9,249,351
9.750,257
9,778,276
S
1,159,510
1,693,370
1,151,001
1,086,271
1,218,528
+ 737,106
+ 921,349
+ 985,729
+ 1,257,696
+
+
+
+
+
%
13.62
13.23
13.13
11.85
13.14
5.75
9.96
10.11
12.86
M onthly Summaries.
M onth
M onth
M onth
M onth
M onth
M onth
M onth
M onth
M onth
Jan
Feb
M ch
A pril
M ay
June
July
A ug
Sept
1906
1906
1906
1906
1906
1905
1906
1906
1906
(117
(118
(110
(I ll
(124
(113
(117
(118
(68
roads) _
ro a d s ).
ro a d s).
ro a d s).
roads) _
ro a d s).
ro a d s ).
ro a d s ).
roads) _
Cur*nt Year P rev’ s Year. In c. or D ec.
§
$
152,980,485 126,555,852
142,656,542 112,895,257
159,258,890 143,978,440
136,685,537 128,005,775
152,183,742 138,557,872
146,010,301 130,233,293
168,336,461 148,013,565
179,191,945 159,835,022
79,890.683 1 73,290,417
$
+ 26,424,633
+ 29,761,285
+ 15,280,450
+ 8,679,762
+ 13.625,870
+ 15,777,008
+ 20.322,896
+ 19.356,923
+ 6,600,265
%
20.88
26.36
10.61
6.78
9.83
12.11
13.73
12.11
9.01
a M exican currency, b Includes earnings o f G ulf 6c C hicago D ivision, c Includes the H ouston 6c T exas Central and its subsidiary lines in both
years, d Covers lines directly operated, e Includes the C hicago & Eastern Illinois in both years, f Includes E vansville 6c Indiana R R . h Includes
earnings o f C ol. 6c S ou th ., F t. W orth 6c D enver City and all affiliated lines, excepting T rin ity 6c Brazos V alley R R . k Includes in both years earnings
o f D enver Enid 6c G ulf R R ., Pecos System and Santa Fe P rescott & P h oen ix R y . I Figures prior to April 10 1905 are those o f the Indiana Illinois & Iow a
and Indiana H arbor o f Indiana.
Latest Gross Earnings by Weeks.— For the third week
of October our final statement covers 43 roads and shows
12.86% increase in the aggregate over the same week last
year.
Third tceek of October.
1906.
1905.
SS
Increase. Decrease.^S
5
8
8
P reviou sly reported (32 r o a d s ). . 9.958,114 8,7 98,22 01 .2 08 .1 90
70.186
64,227
5,959
A la b a m a Great S ou th ern ---------120,238
118,252
1,986
C h icago Indianapolis A* L o u ls v .
168.145
162,037
6,108
Cln New Orl A T exas P aclilc —
C olora d o Southern, in cluding
309,222
272,013
37,209
F ort W orth A D enver C ity ----23,013
18,545
4,468
D etroit & M ackin a c_____________
85,608
83,608
2,000
D etroit T o le d o
Ir o n to n ______
46,843
38.013
8,830
G u lf
Ship Isla n d ______________
186,703
162,325
24.37S
M obile A O hio
....... .................. 12,954
12,670
R io G rande S ou th ern __________
28,025
19,857
8,168
T exas C en tral---------- ---------------28,225
27,205
T o le d o Peoria A W e s te r n ............
Sc
1089
THE CHRONICLE.
Nov. 3 1906. 1
Sc
T ota l (43 r o a d s )------ ------------ 11,035,972 9 ,7 78,27 61 ,3 07 ,2 96
_________ 1,257.696
N et Increase (1 2 .8 6 % ) ----------
5
SS
48.296SS
............ SS
______ SS
............ SS
SS
.......... .S S
_________ vSS
.............. S S
_______SS
_______ S S
284SS
_______SS
1.020SS
-------------SS
49.600SS
______ SS
SS
Net Earnings Monthly to Latest Dates.— The table fol
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Oct. 20 1906. The
next will appear in the issue of Nov. 17 1906.
-Gross Earn'gsCurrent
Previous
Year.
Year.
$
$
Roads.
B oston R e v Beh A L y n n , b—
Ju ly 1 to Sept 3 0 _______
29S.442
638,873
Jan 1 to S ep t 3 0 ____
B uffalo A S u s q .a ________Sept
149,154
Ju ly 1 t o Sept 3 0 ____
431,740
Canadian N orth ern _____ Sept
624.400
Ju ly 1 to S ep t 3 0 _____ 1,823,100
Canadian P a c ific .a ______ Sept 6.152,767
249,628
527,681
139,529
382,782
378,500
1,131,500
4.872.575
14,298,484
1,018,740
2,724,520
2,000,285
5,743,179
1,045,340
3,032,277
845,884
2,192,817
1.044,537
2,867,956
275,443
830,162
2,150
5,766
Central o I G eorgia.a __Sept 973,490
July 1 to Sept 30______ 2,876,938
Ghesapeake & O h io .b ..S ep t 2,144,476
July 1 to Sept 30______ 6,273.478
Chicago & A lto n .a_____Sept 1,111,463
July 1 to Sept 30______ 3,284,017
Chicago Great W est. b__ Sept 880,050
July 1 to Sept 30______ 2,468,709
Colorado & S outhern.a.S ept 1.099,327
July 1 to Sept 30______ 3.223,893
D uluth So Shore & Atl.b.Sept 292,955
July 1 to Sept 30______ 895,050
Fairchild & Northeast, b.Sept
1,206
3,959
July 1 to Sept 30______
Fonda Johns&Glov_b—
July 1 to Sept 30______ 241,792 222,821
Jan 1 to Sept 30______ 581,565 531,627
Georgia R R .a _________ Sept 248,322 261,062
679,396
July 1 to Sept 30______ 702,763
Gulf & Ship Islan d .a __ Sept 185,347
142,349
July 1 to Sept 30______ 580,242 461,857
Illinois C en tral.a______Sept 4,647,543 3,960,057
July 1 to Sept 30______13,475,940 11,724,891
11,724,891
Interoceanic of Mexico. .S ept 538,782 464,298
Jan 1 to Sept 30______ 5,154,461 4,7 19,60 4
Iowa C entral.a________ Sept 279,208 249,237
July 1 to Sept 30______ 770,240
695,996
176,608
Kanawha & M ichigan.a.Sept 201,908
July 1 to Sept 30______ 600,094 542,097
Keystone Teleph C o .a. .S ept 70,742
66,353
July 1 to Sept 30______ 214,431
196,229
Louisiana & A rkansas.a.Sept 105,300
74,400
July 1 to Sept 30______ 314,009
224,886
Louisville & Nashville.b.Sept 3,859,039 3,547,193
July 1 to Sept 30______ 11,580,734 10,257,780
Maryland & P e n n .a ___ Sept 35,300
36,433
July 1 to Sept 30______
96,076
98,107
Mexican Intern atio n al..S ep t 593,801
494.133
Jan 1 to Sept 30______ 5,898,522 4,756,901
Mineral R an g e.b ______Sept 62,144
66,216
July 1 to Sept 30______ 194,421
193,618
Minneapolis A St L_ a __Sept 331,672 362,911
July 1 to Sept 30______ 998,186 986,155
Minn St P & S S _ ..b ...S e p t 1,293,528 1,148,461
July 1 to Sept 30______ 3,432,317 2,842,203
Nashv C hatt A St L_ b. .Sept 924,716 869,135
July 1 to Sept 30______ 2,804,494 2,543,156
National RR of M exico.Sept 1,188,575 1,094,909
Jan 1 to Sept 30______ 11.000,948 9,265,850
Hidalgo A N ortheast.Sept 87.623
Apr 25 to Sept 30______ 457,643
Nevada Cal A O regon.a.Sept 25,733
26,486
July 1 to Sept 30______
75,457
69,610
X Y Ont <5c W est.a. ...S e p t 715,767 655,980
July 1 to Sept 30______ 2,368,642 2,147,457
Norfolk A W estern .b __ Sept 2,596,395 2,398,544
Juljr 1 to Sept 30______ 7,526,577 6,920,294
Northern Central b __Sept 1,052,519 948,719
Jan 1 to Sept 30............ 8,565,064 7,717,264
Penn.— Line3 directly operated—
East of Pitts A E rie. Sept 13,059,859 12,334,159
Jan 1 to Sept 3 0 .... .108,406,072 97,007,772
W est of P itts A E rie. - Sept Inc. 361,400
Jan 1 to Sept 30............ Inc. 6, 334,900
Phiia Balt A W ash. b_. . Sept 1,414,090 1,310,390
Jan 1 to Sept 30_____ 11,740,906 10,867.306
Pittsburgh Shawm A Nor. b—
July 1 to Sept 3 0 ........... 197,529 236,768
Pocahontas Collieries__Sept .............
July 1 to Sept 30.................................
Raleigh A Southport a.Sept
5,051
8,118
July 1 to Sept 30............
15,144
19,832
Reading Company—
Phiia Sc Reading, b__ Sept 3,376,224 3,509,358
July 1 to Sept 3 0 .. ____ 10,055,677 10.100,417
Coal Sc Iron Co. b ___ Sept 2,150.451 2,567,121
July 1 to Sept 3 0 .. ____ 6.538,668 6,691 .479
Total both co's. b. Sept 5.526.675 6.076,479
Ju)y } »o Sept 30. . ____16.594,345 16,791 .896
------- Net Earnings-------Current
Previous
Year.
Year.
$
$
50,021
68,200
56,206
164,589
206,600
604,600
2,437,932
7,272,322
242,031
612,421
812,610
2,379,617
427,808
1,305,987
312,046
823,792
370,508
967,729
105,847
342,497
d e f. 1,580
d ef. 1,771
49,371
56,264
56,913
141,079
110,200
364,400
1,776,010
5,205,434
335.766
782,892
806,470
2,286,523
317,065
949,746
318,566
727,997
3S9.613
890,656
109,335
316,111
360
498
129,678
289,943
53,340
148,166
43,317
118,192
1,337,481
3,711,102
112,312
1,459,555
ft85,153
7t211,519
56,681
157,183
31,503
95,135
36,404
104,353
1,063,207
3,100,032
14,372
35,534
188,421
2,276,294
13,134
53,008
fc l3 4 ,806
fc407,662
742,460
1,772,083
190,405
611,080
429,984
4,216,530
28,378
146,237
16,432
46,334
246,659
924,786
1,041,751
2 ,S75,396
289,113
2,030,005
118,852
251,240
106,873
217,064
39,425
130,963
993,558
3,081.723
111,776
1,096,469
7i59 ,615
Til 47,738
46,917
145,719
32,169
93,337
28,980
90,300
1,057,592
2,967,082
16,188
37,674
216,089
1,847,908
14,410
35,501
^163,919
fc429,296
724,139
1,573,153
202,394
608,161
427,390
3,124,626
15,828
37,920
188,221
701 ,926
1,003,405
2,715,471
261,413
1,419,405
4,785,577 4,778,377
33,299,401 28,260,601
1G8.500
In c.
In c. 2 227.200
455,766
472.766
2,725,880
3.068,786
12,736
27,843
70,184
1 .017
3,730
1,365,420
3,943,045
d e f.69,325
60,595
1 ,296,095
4.003.040
42,003
19,455
55,891
1,465
5,115
1 ,593,212
4,344,514
146,013
244,497
1 ,739,22.r>
4,589.01 1
-Gross EarnfgsCurrent
Previous
Year.
Year.
Bonds.
$
$
------- Net Earnings-------Current
Previous
Year.
Year.
$
$
R ea d in g C o . b ................... Sept
_____
129,430
113,450
J u ly 1 to Sep t 3 0 _______
_____
389,154
353,540
T o ta l all c o s . b ______________Sept
________
1,852,684
1,425,526
Ju ly 1 to Sep t 3 0 ...............................
4,392,794
4,942.551
R io G rande S o u th , b ____ Sept
51,660
17,239
44.372
21,903
153,498
July 1 to Sep t 3 0 ............
64,836
140.008
65,515
4,719,385
R ock Island S y s te m _ a _ .S e p t 4,899,094
l ,705,349 1,606.978
July 1 to Sep t 3 0 ____ _ 14,357,357 13,072,363
4,749,741
3,973,095
St Louis
San F r .a . .S e p t 4,0 01,84 6 3,542,841
1,423,210
1.240,558
July 1 to S ep t 3 0 ......... 11,542.716 10,251,659
4,010,347
3.446,013
E v an sv & T erre H .a .S e p t
193,513
92,960
196,664
98,388
July 1 to Sept 3 0 _______
604,498
287,557
274.424
575.009
T o ta l all L in e s .a ______S e p t 9,094,453
2,945,924
8,458,390
3,221,519
9,047,645
July 1 to Sept 3 0 ............ 26,504,571 23.899,031
7.693.532
R u tla n d , b—
247,353
J u ly 1 to Sep t 3 0 .........
811,056
239,769
737,300
1.879,591
Jan 1 to Sept 3 0 ____ 2,078,923
646,299
599,341
712,519
St Louis S o u t h w e s t -b ..S e p t
864,773
336,132
156,197
814,974
2,101,576
J u ly 1 to Sep t 3 0 ____ 2,431,321
494,359
Southern R a ilw ay S y stem —
4,4 56,36 0
Southern R a ilw a y _a . . S e p t 4,571,765
1,174,273
1,450,974
July 1 to Sep t 3 0 _______ 13,695,325 12,737,849
3,230,153
3,688,649
703,746
M obile
O h i o .a .......... S ep t
807,875
224,145
190,374
589,262
Ju ly 1 to Sep t 3 0 ............. 2,4 64,36 7 2,1 06,48 3
749,833
694,090
115,110
Gin N O A T e x P a c .a .S e p t
714,570
168,208
403,644
479,386
1,972,883
Ju ly 1 to Sep t 3 0 _______ 2,177,539
72,214
293,256
A la G reat S o u th e r n .a .S e p t
341,250
59,013
879,036
212,998
163,303
Ju ly 1 to S ep t 3 0 _______ 1,008,268
32,167
43,863
153,517
G eorgia S ou th & F la a.Sept
176,528
85,159
117,137
447,988
Ju ly 1 to S ep t 3 0 _______* 515,801
171,392
127,227
390,511
T o le d o
O hio C en t_a __S ep t
458,942
364,897
1,128,512
527,940
J u ly 1 t o Sep t 3 0 _______ 1,334,829
1,009
739
3,439
T o m b lg b e e V a lley C o ___Sept
3,773
17,769
N ov 1 to Sep t 3 0 _______
52,597
12,709
34,763
85,679
39,990
V irgin ia A S o u th w e st. b_S ept
87,623
27,431
70,522
242,130
J u ly 1 to S ep t 3 0 _______
252,917
101,987
16 8,10 2
176,002
500,308
W est Jer& Sea S h o r e .b .S e p t
549,108
1,411,457
3,761,791
1,2 14,05 7
Jan 1 to Sep t 3 0 _______ 4,220,691
461,739
Y azoo
Miss V a lle y .a .S e p t
693,053
43,347 d c f.8 3 ,803
1,446,812 d e f.3 7 ,881 def.233 ,390
J u ly 1 to Sep t 30_______ 1,956,295
Sc
Sc
Sc
Sc
a N et earnings here g iven are a fter d ed u ctin g ta xes,
b N et earnings here g iven are b efore d ed u ctin g taxes.
h F or S ep tem b er ad d ition a l in com e w as $4,470 In 1906 against $4,764 in
1905 an d from J u ly 1 to S ep t. 30 w as $15,902 in 1906 against $12,876 last
year.
k F or S ep tem b er ad d ition a l in com e w as $25,114 In 1906 against $11,993 In
1905 an d from J u ly 1 to S ep t. 30 w as $60,465 In 1906 against $38,453.
Interest Charges and Surplus.
Roads.
B oston R e v B ch & L y n n —
J u ly 1 to S ep t 3 0 _______
Jan 1 t o Sept 3 0 _______
D uluth So Sh Sc A l la n ..S e p t
F on d a Johns Sc G lo v —
J u ly 1 to S ep t 3 0 _______
Jan 1 to Sept 3 0 _______
G eorgia R R _____ _______ Sept
Ju ly 1 to Sept 3 0 _______
K an aw h a A M ich ig a n . .S e p t
Ju ly 1 to Sept 3 0 _______
M aryland & P e n n _______ S ep t
J u ly 1 to S ep t 3 0 _______
M ineral R a n g e __________S ep t
Ju ly 1 to S ep t 3 0 _______
N ash v Chatt A St L ou is .S e p t
Ju ly 1 t o Sept 3 0 _______
N ev a d a Cal A O r e g o n ..S e p t
J u ly 1 to Sept 3 0 _______
N Y O nt Sc W e s te rn ____ Sept
N orfolk & W e s te r n _____ Sept
-I n t.9 Rentals, &c.--------- Bal. of Net E 'n gs.—
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
%
%
$
$
16,395
47,907
87,641
262,923
89,462
267,680
a 5 1 ,983
<2155,949
21,053
64,256
3,958
12,224
9,947
29,839
149,470
448,408
3,331
9,915
73,798
220,457
369,873
1,099,509
P lttsb Shaw m A N orth ern —
J u ly 1 t o Sept 3 0 _______
P oca h on ta s C ollieries___Sept
Ju ly 1 t o Sept 3 0 _______
R ea d in g C o m p a n y _____ Sept
16,950
16,210
48,551
890,500
2,671,500
17,773
R io G rande S ou th ern ___Sept
53,782
Ju ly 1 to Sept 3 0 _______
R u tlan d —
180.566
J u ly 1 t o Sept 3 0 _______
511,817
Jan 1 t o Sept 3 0 _______
T o le d o Sc O hio C e n tra l. .S ept
July 1 to Sept 3 0 .
x 4 0 ,65#
£3 4,54 4
£18,986
£81,828
£40,679
£25,484
£23,453
£58,420
89,462
'£46,487
£33,567
257,218
a 5 1 ,415
£3,917
<7154,246 £ d e f.4 ,0 2 5
£36,147
20,113
60,581
£94,467
10,414
3,833
23,310
11,500
£3,407
9,447
28,339
£23,585
40,935
149,590
449,146
162,672
2,630
14,268
7,402
40,006
172,861
70,362
206,050
704,329
334,540
671,878
1,775,887
1,006,953
£37,819
£ 1 0,90 6
£57,011
£67,838
£27,560
£87,191
12,355
26 ,174
£5 ,146
£7,749
52,804
159,015
13,415
31,635
117,859
4 9 5 ,8 7
668,865
1.708,518
867,881.
2,603.644
19.087
55,130
d e f.4,214
11.633
27.633
535,025
1,721,294
4,170
£15.439
6,233
3,403
8,109
984,803
2.338,907
d e f.1,848
£12,895
151 ,928
452,631
36,848
112,512
£78,65(5
£171,130
£135 987
£422,261
£99,598
£182,200
£90,765
£253,988
15,613
45,348
86,641
259,923
35,770
16,052
47,782
36,140
108,143
a In cludes road rentals (paid b y lessee) and oth er dedu ction s.
x A fter allow in g fo r oth er in com e received.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Name of
Road.
aA m erican R y s C o ___
cA u r Elgin Sc Chic R y
B ingham ton R y _____
Blrm R y L t Sc Pow er
B oston Sc W orcester.
B rockton Sc P ly St R y
B urlington (V t) Trac
C a m d en A T rcn ton R y
Cape B reton E lec C o.
Cent Penn Traction - Chari Con R y Gas A El
C h atta n ooga R y s C o .
C hicago Sc Mllw E lcc .
d Chic Sc Oak P a r k ___
C itizens’ R y Sc Lt C o .
Clove P aincsv Sc E ___
Cleve Sc S ou th w _____
C olum bus R R C o ____
Gas L ight C o ..........
D allas E le cC o r p ’ n ___
Week or
Month.
Septem ber
Septem ber
Septem ber
A u g u s t ___
A u g u s t ___
A u g u s t ___
Septem ber
Septem ber
A u g u s t ___
Septem ber
Septem ber
Sep tem ber
Septem ber
Sep tem ber
July _____
Septem ber
Septem ber
A u g u s t ___
A u g u s t ___
July _____
Current
Year.
$
258,490
125,850
30,566
160,362
67,136
17,383
9,060
21.5G4
23,468
58.135
51,732
47.830
97,156
04,369
13,069
29.411
64,371
17,329
2.059
Previous
Year.
Jan. 1 to latest date.
Current
Year.
$
227,645 2,058,179
107,579)
25.476|
233",281
131,605!
348*299
63,324
14.610
8.520
14,128;
22,357
507,149
51,070
484.542
47,881,
64,788
66,078
10,276
25,695!
52,966
14,672
1,908
8 1 .051
370,360
Previous
Year.
1,848 547
211,357
313,98 3
435,137
445,555
633.543
610,794
4 1 1,802
207*636
482.634
400,701
600,475
185,319
THE CHRONICLE
1090
Latest Gross E ar n in es.
N am e of
Hoad.
W eek or
M on th .
D etroit M on & T oled o 1st wli Oct
D etroit U nited R y — 1st wk Oct
Duluth Street R y .... 3d w k Oct
E L iverpool T r& L tC o Septem ber
E ast St Louis & Sub_ Septem ber
El Paso E lectric_____ A u g u s t ___
F t W a y n e & W abash
V alley T ra c tio n ___ Septem ber
G alveston E lectric Co A u g u s t ___
G eorgia R y & E l e c .. J uly
H artf & Spring St R y Septem ber
H avan a Electric R y . W k Oct 28
H onolu lu R ap id T r &
Land C o __________ Septem ber
H ou g h ton Co St R y _. A u g u s t ___
H ou ston E lectric C o. A ugust —
Illinois T raction C o .. Septem ber
Indlanap Col & South Septem ber
Jackson Consol Trac_ Septem ber
Jackson ville E lec Co_ A u g u s t ___
K a n C ity R y & Light Septem ber
Lake Shore E lec R y_ A u g u s t ___
L ex & Interur R ys Co Septem ber
L orain Street R y ____ A ugust —
M adison & In t Trac_ _ Septem ber
Manila E lec R y & Ltg
C orp— R y D e p t___ Septem ber
.September
Lighting D ept .
M et W est Side E le v . _ Septem ber
Milw E lec R y & Lt Co Septem ber
Milw L t H t & T r Co_ _ .September
M ontreal Street R y _ . W k Oct 27
N ashville R y & L t ___ A u g u s t ___
N J & H R R y & FyC Septem ber
N O R y & L igh t Co_ Septem ber
N iagara St C & Tor__ Septem ber
N or Ohio T r & L t C o. Septem ber
Septem ber
A u g u s t ___
N orthw estern E lev . Septem ber
O klah om a C ity R y . .July . . . .
J u n e _____
Septem ber
P itts M ’ K & G reen _ Septem ber
P ortlan d R ys C o ___ Septem ber
St Joseph (M o) R y L
H eat & P ow er C o . Septem ber
A ugust
A u g u s t ___
South Side E levated . Septem ber
Syracuse R ap Tr R y . Septem ber
T a m p a E lectric C o_. A u g u s t ___
Terre H au te T & L C( A u g u s t ___
T o led o R ys <& L ight. Septem ber
T ol U rb & Inter R y _ . A u g u s t ___
T o le d o & W estern __ Septem ber
W k O ct 27
Septem ber
3d w k Oct
U nited R R o f S F__ O ctober
U nited R y s o f Balt_ Septem ber
U nited R ys o f St L_ Septem ber
W ash A le x & M t Ver Septem ber
Co
A u g u s t ___
C urrent
Y ear.
P reviou s
Y ear.
$
$
5,804,
106,870 101,995
14,714
12,858
—w- —- 31,220
186,785 152,868
32,048
22,763
%
b219,190
4,454.012
615,079
3,927,040
528,576
1,333,397
243,872
1,145,491
183,613
106,811
32,591
237,100
21,199
29,464
85,855
25,734
202,994
14,038
27,857
821,178
205,493
700,704
174,567
136,791
1,255,935
107,477
1,173,469
30,885
25,694
50,994
266,844
24,910
13,490
27,679
476,755
102,468
61,506
13,271
12,230
26,554
20,771
45,810
207.081
22,227
10,931
23,995
426,608
95,190
258,374
148,683
376,339
2,163,308
177,727
113,000
207 304
3,987,473
575,781
397,068
95,018
95,299
240,066
/98,120
326 908
1,742,746
154,158
94,792
208,728
3,534,186
509,468
11,658
10,048
386,000
37,500
270,750
34,000
190,462 186,640 1,801,769
314,008 280,353 2,587,004
535,042
67,020
80,637
53,801
61,475
874,128
111,080
92,016
36,240
331,695
45,125
441,807 354,849 4,218,184
203,389
29,246
27,049
770,395
95,393
88,268
133,183 117,156 1,104,435
59,244
79,065
116,262 111,460 1,091,470
94,841
18,500
14,093
13,030
12.102
56,928
108,812
13,547
11,453
17,785
171,069
21.647
/cl 47,98 2 215,369 /Cl,237,578
78,834
67,001
51,164
59,333
269,853 224,936
134,623 133,533
90,166
102,827
37,823
29,060
58,049
72,598
182,238 163,643
32,117
28,693
21,654
25,108
52,294
58,125
144,442 121,011
93,982
102,394
»541,008 638,319
622,841
785,775 | 731,313
28,016
22,887
24,423
AN NU AL REPORTS.
Jan . 1 to latest date.
Current Previous
Y ea r. : Y ea r.
81,869
84,761
1,654,451
2,375,260
464,227
735,779
266 240
188,913
716,513
1,003,470
1,026,379
51,118
92,421
141,273
1,397,321
622,232
423,869
552,789
383,038
1,287,164
805,775
299,859
509,665
1,511,073
224,914
177,648
1,212,425
706,657
261,680
400,912
1,407,781
195,371
180,236
4,529,671
3,768,518
4,898,699
6,776,824
212,613
6,256,07 2
185,682
18,752
a Figures for the m on th in b o th years Include operation s o f the Scranton
R y ., acquired Jan. 1 1906. b T ota l Is from M arch 1. c These figures are
for con solid ated co m p a n y , d These are results fo r m ain line. / Decrease
in 1905 due to strike and b o y c o tt , h These are early prelim inary returns;
decrease due to earth quake, fire and strike am on g em p loyees, A u g . 26 to
S ep t. 5 1906. Jc Decrease due to Lew is & Clark E x p o sitio n last year.
Street Railway Net Earnings.
------- Gross E arn'gs---------------- ■Net EarningsCurrent
Current
Previous
Previous
Y ea r.
Year.
Year.
Year.
$
S
R oads.
$
$
A u rora E lgin & C h ic. b_Sept
62,562
52,329
125,850
107,579
July 1 to Sept 3 0 ______
393,123
202,206
182,529
350,708
B in gham ton R y C o ____ Sept
30,566
25,476
15,102
12,238
233,281
Jan 1 to Sept 30_______
211,357
114,430
104,654
July 1 to Sept 3 0 ______
94,875
87,854
51,169
48,138
C en t’l Pen n a T ra ct C o . .S e p t
9,230
58,135
51,970
14,812
Jan 1 to Sept 3 0 ______
507,149
435,137
71,833
81,848
45,018
F t W a y n e & W a b V ail .S e p t
106,811
85,853
34,756
Jan 1 to Sept 3 0 ______
700,704
. 312,173
821,178
265,753
30,885
26,554
H o n olu lu R T & LandCo_ . Sept
15,026
10,308
Jan 1 to Sept 3 0 _______
258,374
240,066
108,713
88,596
K an C ity R y & L t C o .b Sept
476,755
251,787
426,608
218,295
1,697,894
1,875,098
940,889
853,125
K ansas C ity W estern , a—
75,684
July 1 to Sept 3 0 ______
25,923
74,610
29,143
Jan 1 to Sept 3 0 ______
84,411
212,812
N Y & Queens C o .b —
243,394
J u ly 1 to Sept 3 0 ______
113,224
272,643
97,370
Jan 1 to Sept 3 0 ______
682,654
599,765
230,413
209,821
55,012
N orfolk & P ortsm ’th __S ep t
133,183
117,156
45,977
Jan 1 to Sept 3 0 ______ 1,104,435
1,003,470
416,047
389,275
P h iladelphia C o. _ b—
July 1 to Sept 3 0 ______ 4,238,158 3,805,250
1,347,413
1,289,072
Jan 1 to Sept 3 0 ______ 13,510,395 11,920,498 5,285,273 4,787.818
P ortlan d R y C o . b _____ Sept
147,982
64,191
215,369
108,650
Jan 1 to Sept 30 . e _____ 1,237,578
1,397,321
519,417
632,571
T o le d o & W estern R y __S ep t
21,654
25,108
7,813
11,454
Jan 1 to Sept 3 0 ___
177,648
180,236
61,261
72,112
a N et earnings here given are after d edu ctin g taxes,
b N et earnings here given are before d edu ctin g taxes.
e D ecrease due to Lew is 8c Clark E xp osition last year.
Interest Charges and Surplus
— In t., R entals, <&c.—
B al. o f N et E ’ ngs.Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
R oads.
s
6
$
$
24,772
24,450
A u rora E lgin & C h ic___Sept
37,790
27,879
74,651
July 1 to Sept 3 0 ______
73,293
127,555
109,236
7,707
B in gh am ton R y C o ____ Sept
7,248
7,395
4,990
21,565
23,138
28,031
July 1 to Spet 3 0 ______
26,573
4,794
4,798
H on olu lu R T 8c LandC o _ _ Sept
£10,634
£5,915
43,364
42,998
£69,732
Jan 1 to Sept 3 0 ______
£49,168
144,600
135,967
107,187
K an C ity R y 8c L t C o ..S e p t
82,328
573,950
543,705
366,939
June 1 to Sept 3 0 ______
309,420
N Y 8c Queens C o—
51,221
51,310
£67,656
July 1 to Sept 3 0 ______
£48,986
152,908
158,080
£90,102
Jan 1 to Sept 3 0 ______
£63,450
P h iladelphia C o .—
1,057,223
July 1 to Sept 3 0 ______ 1,083,550
£314,763
£309,311
3,184,437 £2,215,487 £1,891,885
Jan 1 to Sept 3 0 _______ 3,292,551
30,790
P ortlan d R ailw ay C o ___Sept
33,401
277,110
242,307
July 1 to Sept 3 0 _____ _
x A fter allow ing for other incom e received
[Yoi* L m m ,
Annual Reports.— The follow in g is an in dex to all annual
reports o f steam railroads, street railw ays and m iscellaneous
com panies which have been published since the last editions
of
Strppt Railway”
o f thft
the “ R ailw ay and In d u strial” and “ Street
R ailw ay
sections
This in dex docs n o t include reports in to -d a y 's u Chronicle. ) y
Railroads—
Page.
A tlan ta B irm ingham & A tla n tic. 1036
1034
A nn A rb o r.............
B altim ore 8c O h io _________ 1030,1041
Canadian P a c if ic _____ ___________ 966
C hicago Burl & Q u in c y ____963, 974
Cincinnati H am ilton & D ayton.. 1033
Cleveland Lorain & W h e e lin g ._ 969
Cleveland Term inal & V a lle y . - 969
Cuba R R __________
1037
D etroit & M ackin ac______________ 969
D etroit T oled o & Ir o n to n ______ 1034
Georgia Southern & F lo rid a ____ 1037
Iow a C entral.......... ..............
965
Louisiana & A rk a n sa s____ 1032,1046
Missouri P a c ific __________________ 964
Pere M arqu ette__________
1032
R o ck Island C o _____________963, 984
Seaboard A ir L in e _______________1031
Railroads— (Con.)
Page.
Southern R y ............................ 965, 977
i Texas C en tral...............
.1034
V irginia & Sou th w estern ________ 1038
W abash R R _________________ 964, 975
W isconsin C e n tr a l................... 964, 985
Industrial C om panies—
A m erican S h ip b u ildin g................... 967
A m erican T y p efou n d ers_________ 971
Federal Mining & S m eltin g____ 967
International P a p e r_____________ 1036
Massachusetts Gas C om p an ies. _ 967
P acific C oa st________________968,1047
! R epu b lic Iron & S teel___________1035
Standard M illin g _________________ 968
V irginia Iron Coal & C o k e_______ 1035
Street Railways—
New Y o rk C ity R y ....................
966
Great Northern Railway.
(.R e p o r t f o r F i s c a l Y e a r e n d i n g J u n e 30 1906.;
T he annual report of M r. J. J. H ill, P resident, is given in
full on pages 1103 to 1108, including the revenue and in com e
accou n ts, the general balan ce sheet in d etail, & c., & c.
The tables show ing the operation s, earnings, expenses,.
& c., were given in our issue of O ct. 13 on page 885, from the
prelim inary report. T o com p lete th e tables, th e detailed
in com e a ccou n t and the com p a ra tiv e balan ce sheet are
published as below .
IN C O M E ACCO U N T OF G R E A T N O R T H E R N R A I L W A Y C O M P A X Y
1902-03.
1903-04.
1904-05.
1905-06.
R eceipts—
$
$
$
$
Net earns, o f lines leased
& operated b y Great
17,961,874
16,679,973
N orthern R y . Co . _ 21,520,668 '18,816,731
390,871
392,227
397,406
395,896
In t. on bonds o w n e d ___
850,267
973,325
965,247
751,340
D iv. on stocks o w n e d ___
Profit on Treasury se
74,034
curities s o l d _____ _ _
119,751
114,385
R ental leased lin es. _ .
123,824
119,851
1,491
1,492
2,709
4,013
Bills receiv a b le-----R en tal o f eq u ip ., gen.
402,424
713,117
354,296
891,143
int. and m isc. ite m s __
21,197,290
18,302,748
19,801,346
4,107,095
9,148,520
151,875
4,001,555
8,693,859
364,500
3,973,603
8,683,925
212,625
3,992,737
8,673,973
5,130,910
3,000,000
2,000,000
3.000,000
T otal d isbu rsem en ts-_ 18,538,400
5,184,571
B alance, surplus . —
16,059,914
5,137,376
14,870,153
3,432,595
15,666,710
4,134,636
T o t a l _______________ _
Disbursements—
N et rent St. P. M. & M .
R y .,E a s t .R y .o f Minn,
and “ other rentals” . .
7 % on Gt. N or. s to ck —
Interest on £ lo a n .
Funds for im prts., re
newals & e q u ip m e n t..
C O N D E N S E D G E N E R A L B A L A N C E S H E E T J U N E 30.
(B eing a Consolidation o f the Balance Sheets of that D ate of the St. P . M .
& M . R y. Co., Gt. N or. R y . C o., East. R y . Co. of M in n ., M ont. Cent. R y .
Co., W ill. &, S. F . R y . Co., D u l. W . &, Pac. R y . Co., Seat. & M on t. R R .
Co., Park, Rap. & L. L. R y. Co., M in n . U. R y. Co., M in n . W . R y . Co.,
Dak. & Gt. No. R y. Co., M on t. & Gt. N o. R y . Co. and D u l. Ter. R y . Co.)
1904.
1906
1905.
$
A ssets—
$
$
Cost o f p rop erty leased from St. P.
M. 8c M. R y ________________________ 140,981,779 138,195,487 130,166,642
Cost o f properties con trolled throu gh
86,363,178 80.248 688
ownership o f s t o c k ------------------------- 89,348,373
Cost o f properties and securities ow n ed
b y the Gt. N or. R y . C o.; stock o f
L . Sup. Ter.. 8c Tr. C o., the S. C. &
W est R y . Co. and the W is. Cent.
R v . Minn. Ter. bonds (in all $159,863,697 June 30 1906) Jess par
value o f securities ow n ed b y Gt.
N or. R y . ($89,204,970 June 30
60,592,926
70,658,727 57,003,769
Cost o f securities in hands o f trustee,
N . P .-G . N. Joint C .B .& Q . b o n d s _ . 109,113,910 109,112,910 109,104,910
St. P. M. & M. land d ept, current
14,366
67,246
6,969
assets ---------------------------------------------3.681,227
13,683,809
4,849,771
2,2 66,709
1,345,446
1,605,91*5
D ue from a g e n t s --------------------------------264,455
261,897
2 52,S91
D ue from U . S. and Can. P . O. d e p ’t s .
37,334
37,286
114,658
Due from U. S. T ran sp orta tion ---------45,027
67,576
36,726
A d v a n ced charges------------------------------2,700.665
3,793,664
2,813,107
Bills r e c e iv a b le ----------------------------------2,388,192
3,075,623
2,567,933
F or dividend on Gt. N or. stock ow ned
2,067,174
b y N orthern Securities C o m p a n y . .
2,691,470
4,031,298
3,369,182
437.414,946 406,224,129 395,389,839
nhili t i P c -----Great N orthern stock ou tsta n d in g . _ 149,546,050 124,365,625 124,129,250
448,600
359,500
347,000
St. P. M. 8c M. stock o u tstan d in g—
207,840,539 215,655,539 211,542,055
10,656,400
11,925,400
11,399,400
St. P. M. 8c M. bonds redeem ed.
67,241
14,366
6,969
St. P. M. & M. land d e p t---------6,400,000
1,030,000
Bills 8c a c c ’ts p a y a b le --------------1,074,974
1,519,916
2 .9 6 6 ,S75
A u dited vouchers u n p a id --------2,085,507
1,471,575
1,523,099
U npaid p ay-rolls----------------------1,536,644
1,636,805
1,639,737
2,067,174
536,066
913
U npaid dividends on Gt. N or. s t o c k ..
658,474
762,96$
721,940
A ccru ed taxes, not d u e----------------------R ental o f St. P. M. & M ., D ul. Sup. 8c
W . T e r ., E ast. R y . o f M in n ., a c
crued; less dividends on c o s .’ stocks
302,610
319,381
308 875
ow ned b y Great N orth ern -------------Contingent—
A d d ’ns 8c im pts. b y Gt. N or. to St. P.
M. 8c M. p rop erty , paid fo r from
“ Fund for Perm anent Im p ro v e
7,707,452
8,825,424
m ents and R enew als” ----------------------. 11,611,716
U nexpen ded bal. “ Fund for P erm a
2,950,128
6.888,432
5,869,684
nent Im provem ents 8c R enew als” .
593,625
4,251,051
1,199,768
441,743
335,098
389,330
Insurance f u n d ---------------------------------Surplus funds o f proprietary c o ’ s de
5,362,667
8,015,650
posited w ith Gt. N or. R y . C o ----------. 9,172,470
124,490
16,943
90,044
M is c e lla n e o u s -----------------------------17.950,571
27,603,558 22,767,569
T i
T o t a l_________________
— V . 83, p. 969, 885.
.437,414,946 406,224 129 395 389,839
109J
THE CHRONICLE.
!Noy. 3 1906. j
Northern Pacific Railway.
[Report for F isca l Y ea r ending J u n e 30 1900.)
The report of President Howard Elliott will be found on
pages 1109 to 1113 of this issue, together with the income
account, balance sheet and traffic statistics,
so The comparative statements of operations, fiscal results
and balance sheet were given in the “Chronicle” of Oct. 13
on.page SS6.
Buffalo & Susquehanna Railroad.
30 1906.)
On pages 1116 to 1118 of to-day’s “Chronicle” will be
found the remarks of F. H. Goodyear, Chairman of the board;
also the balance sheet, income account, profit and loss ac
count, traffic statistics, &c.
S tatistics .—The comparative operations, &c , follow.
1 90 4- 05 .
1 90 3 - 0 4 .
[Report for F isca l Y ea r ending Jun e
1 90 5- 06 .
1 90 2- 03 .
172
173
243
173
Operations
2
8
5
,
1
0
6
2
9
S
.5
6
3
3
0
7
,6
9
2
2
7
5 ,5 4 5
Pass, carried (revenue) 4,900,975
4 ,8 2 7 , 6 2 9
4,320,556
Passengers carried 1 mile 5 , 1 2 7 , 7 9 4
2 .7 9 2 ct s.
2 . 8 3 0 cts.
2 .9 5 7 cts.
Av. rate p. pass. p. m iie. 2 .7 7 9 Cts.
1,643,252
1 , 3 2 7 ,S09
1 .339,1 82
Frcight (tons) car (rev.) 2 , 0 8 0 , 0 5 6
39,523,591 4 4 , 4 9 1 , 8 6 1 4 3 . 5 1 7 , 1 2 6
do do one mile------ 1 4 , 4 7 9 , 5 6 0
765 cts.
1 .3 48 Cts.
1 .8 96 cts.
A v. rate per ton per mile . .155 cts.
$6 ,5 5 1
$ 6, 2 6 6
$5, 58 0
$5,800
Gross earnings per mile.
$2
66
$
2.
15
$
2.
20
$ 2 .3 9
Earns, p. freight-tr. mile
6
2
.
S4
cts.
5
3
.7
2
cts.
3
6
2.
96
cts.
58.
01
cts.
Earns, p. pass.-tr. m ile.
125
160
160
126
A v. train-load tons-------$
$
$
$
Earn l rigs
9 3 7 ,1 3 5
785,165
1,322 ,800
8 2 4 ,9 2 9
1 3 6 ,6 09
1 4 2 ,4 86
1 3 6 , S30
1 2 7 ,7 7 0
P assen ger---------57 ,4 5 3
5 5, 9 0 0
40,922
48,053
Mail, express, &c.
1
,
1
2
9
,
8
6
5
9
6
2
,6
9
6
1,522,739
1,000,752.
Expenses—
1
6
2
,9
2
6
1
5
8
,6
2
2
2
3
4
,8
40
1 5 0 ,0 28
Maintenance of way, &c.
1 2 6 ,8 2 4
262 ,1 31
1SS ,400
111,911
Malnt. of equipment —
2 5 2 ,9 6 6
3 0 0 ,5 6 4
2 2 2 ,2 6 9
3 7 8 ,3 2 7
Conducting transport’n .
1 0 1 ,3 5 5
9 7. 0S7
84,084
1 1 2 ,2 20
General and taxes--------7 5 3 ,2 4 5
6 3 5 ,4 9 9
5 6 8 ,2 9 2
9 8 7 ,5 2 7
T o t a l ----------------------(64.85)
(66.67)
(56.79)
(66.01)
P. c. of exp. to earnings.
3
7
6
,6
2
0
3
2
7
,
1
9
7
4
3 2 ,4 6 0
5
3
5
,2
1
3
Net earnings---------------1 9 0 ,8 61
1 7 3 ,8 9 4
1 0 0 ,3 35
1 3 7 ,6 13
Add other income---------5 0 1 ,0 91
5 3 2 ,7 95
6 7 2 ,8 2 6
5 6 7 ,4 81
T o t a l -----------------------Deduct—
1 9 2 ,3 3 7
1 5 7 ,3 8 4
2 9 1 ,3 9 0
1 4 7 ,9 03
Interest on bonds.........
2 ,4 0 8
574
2
7 ,7 43
Rentals & miscellaneous
Est’d deprec'n of securi
4
8
,
7
2
2
1
2
7
.1
8
7
ties ow ned___________
2 2 2 ,8 4 5
1 7 5 ,9 00
1 7 5 ,9 00
1 7 5 ,9 0 0
Dlv. on common (5% ) _.
1 2 0 ,0 00
50, 98 3
1 3 0 ,0 00
1 2 0 ,0 00
do
pref. ( 4 % ) -----539,367
453,858
3 7 4 ,7 88
T o t a l _____________ 779,165
28,114
47,233
1 5 8 ,0 0 7
S u rp lu s________________def .106,339
Average miles operated.
—
—
The comparative statement of earnings, &c., compiled for
the “Chronicle,” is as follows:
OPERATIONS.
1 905 -06 .
1 90 4-0 5.
190 3-04
1 90 2- 03 .
Average miles operated.
799
72 0
642
m 64 2 .-i
1, 073 .012
Passengers carried, N o. 1 ,2 1 1, 1 7 3
1 .2 1 0 ,9 3 7
1 ,0 4 4 ,5 8 5
Passengers carried 1 m__ 4 7 , 6 0 1 . 7 8 8 4 3 , 3 9 1 , 0 3 2 4 1 , 6 4 4 , 0 9 0 4 3 , 3 2 0 , 0 8 2
Rate per pass, per m ile. 1 9 67 cts.
1. 888 cts.
1 .9 40 Cts.
2 . 0 3 4 cts.
Rev. rrt. carried, to n s .. 2 , 3 6 5 , 8 7 6
1 ,9 0 7 ,5 9 9
1 ,6 6 4 ,5 4 1
1 ,n 36 ,894
do 1 mile, tons_____ 2 2 1 , 2 4 8 . 5 3 9 1 8 4 , 1 4 0 , 0 9 6 1 5 4 , 3 1 5 , 0 3 5 1 7 9 ,0 0 7 ,4 9 7
1 .1 53 Cts.
1 .0 98 CtS.
Rate per ton per m ile__
1 .217 CtB.
1 .2 39 cts.
$1. 04
Earns, per pass, tr mile;
$ 1. 00
$ 1. 00
$ 1 ,0 8
$2. 86
$2. 09
$ 2. 94
Earn, per frt. tr. m ile ..
$ 3. 02
$4 ,6 4 7
$ 5, 0 7 4
$ 4, 2 5 7
$ 4, 4 2 5
Gross earn, per mile____
247.87
2 4 4 ,9 5
Rev. train-load, tons___
2 41 .5 7
243.98
IS, E X P E N S E S , CHARGES, &c.
Earnings from—
Mall, exp. and miscelL
Expenses—
Malnt. of way, & c......... ..
Malnt. of equipment__
Conducting transport’n .
G en eral_______________
Taxes _________________
Net earnings___
Other income _.
Deduct—
R e n ta ls___
lnt. paid during year.
M iscellaneous_______
Divs. on pref. s to c k ._
Divs. on eom. stock . .
1 90 5- 06 .
$
1,001,548
2,550,564
1 7 4 ,5 53
3,720,665
444,817
411,419
1 ,1 5 8 ,3 3 9
1 2 9 ,1 53
1 6 5 ,4 6 9
2,309,197
1,417,468
2 5 9 ,7 3 2
1 ,6 7 7 .2 0 0
6 6, 5 2 2
98,716
1,095,932
(5 )2 0 0 ,0 0 0
Total ............... ............
1,461,170
Balance _______________sur 216,030
B A L A N C E SHEET JU N E 30.
A s s els
—
L ia b ilities —
T otal____________ _____ ________—
Liabilities—
Common stock outstanding------------Common stock In treas. (per contra) _
Preferred stock outstanding------------First M. 4% bonds outstanding-----First M. 4% bonds in treas. (per con.)
First M. 5% bonds outstanding-----Unpaid pay-rolls------------------------------Interest unpaid (incl. due July 1 )---Due other roads, cos. & individuals.
Dividends unpaid (incl. due July 1 ).
Accrued interest on funded debt-----Accrued sinking fu n d ---------------------Accrued taxes-------------------------------- Special reserve funds----------------------Other accrued liabilities-------------------Surplus leased lin e s ------------------------Renewal reserve funds______________
Reserve for depreciation of securities
Surplus— ............................ ..................
1 9 0 6.
$
10,190,527
1,897,796
6 9 5 ,0 0 0
25,694
4 ,4 0 8 , 1 4 7
3 0 5 ,0 0 0
1,037,500
1 7 5 .0 00
1 5 3 .0 0 0
1 8, 8 5 4
41,110
212,176
2 2 3 ,7 8 2
1 7 4 ,2 15
1 6, 0 7 2
20,996
2, 701
293.966
4 ,4 04
72,834
19,968,775
4,456,900
1,037,500
4 ,0 0 0 , 0 0 0
8 ,5 4 2 . 0 0 0
3 2 8 ,0 0 0
1 8 0 ,5 0 0
91,069
1 7 4 ,2 15
1 6 5 ,1 0 9
55,71 1
2 ,2 5 0
3 ,0 7 4
5 0, 99 5
23,312
1 0, 7 4 6
1 9 0 5.
$
10,141,590
8 2 8 ,7 7 6
1904.
8
5 ,7 8 3 ,1 7 8
5 1 4 ,9 4 6
1 7 9 ,9 5 0
3 ,2 50
3,360,487
1 ,0 3 7 ,5 0 0
2 9, 0 0 0
12 ,0 0 0
38,365
146 ,6 01
2 2 9 ,7 6 0
93,473
10.43 1
18, 82 5
2 ,6 6 7
242,557
4 ,4 2 4
2 5, 9 6 3
16,405,622
4 ,4 5 6 , 9 0 0
1,037,500
3,000,000
6,504,000
2 9, 00 0
2 1 6 ,0 0 0
99,959
95.513
1 3 5 ,7 05
43,985
2 ,6 94
1, 369
29,063
6 4, 5 7 3
6,475
98 ,6 9 1
5 8 4 ,1 96
16,405,622
1 7 9 ,9 50
3,250
3 ,5 3 0 , 4 8 7
1 ,0 3 7 ,5 0 0
7 4, 00 0
12 ,0 0 0
988
1 ,3 1 0 ,0 0 0
1 9 0 ,9 42
1 7 1 ,4 97
8 5, 85 2
7, 423
15 ,5 4 0
2,661
2 1 0 ,1 4 6
4 ,4 23
43,586
13,178,372
3.518.000
1,037,500
3 ,0 0 0 , 0 0 0
4.282.000
7 4. 0 0 0
3 1 0 ,5 0 0
60 ,2 8 3
8 5, 8 5 2
54 ,9 1 8
4 3. 9 7 5
3, 875
1 ,3 90
21,951
2 0, 1 0 9
19, 618
4 ,1 70
7 7, 2 0 3
5 6 3 ,0 2 8
13,178,372
Audited vou ch ers_______________
Accrued interest on bonds, &c__
Equipment trust notes__________
Taxes, not due__________________
Audited p a y -ro lls_______________
Bills p a y a b le ___________________
Rolling stock replacement fu n d ..
Appropriation for improvements____
Individuals and companies_____
Dlv. on pref. stock payable July.
Coupons due, not presented_____
Total liabilities.
-V. 83, p. 38
1 90 2- 03 .
5
901,930
2,224,521
1 3 9 ,0 1 2
3,265,472
470,328
304,532
1 ,0 0 9 ,8 3 4
1 2 3 ,9 7 3
119,275
2 ,0 2 7 , 9 4 2
1,237,530
217,415
1,454,945
56,050
886,980
(5 ) 2 0 0 , 0 0 0
(5 ) 3 0 0 , 0 0 0
1,443,030
sur 11,815
1906.
$
,9 17,6 25
588,000
1 905 .
5
29,819,648
5 0 2 ,2 0 0
83.224
77,639
2 5, 2 1 6
495,000
233,316
4 9 4 ,1 5 9
75,014
1 904 .
$
29,438,020
1 9 5 ,0 0 0
99,196
1 6 1 ,6 2 1
21,932
2,009,000
2 8 0 ,2 0 6
538,410
1 0 2 ,7 0 1
37 ,o7 1 ,7o6
31,805,417
32.846,085
6 ,000,000
4.000,000
. 19,565,000
5,000,000
327,413
315,353
70.604
89,761
120,682
6 ,000,000
4,000,000
19,565,000
6 ,000,000
4,000,000
19,379,000
82,268
211,186
127,087
68,014
103,670
78,057
208,706
157,108
297,215
61.033
100,000
89,901
1,383,685
80,580
309,369
53,890
92,791
1,400,000
196,129
176,724
90,587
1,167,655
31,278
1,229,510
37,577,756
31,805,417
32,846,085
Road and eq u ip m en t_______________ 29
In vestm en ts________________________
Companies and individuals__________
Agents and conductors______________
89 069
25 644
U. S. P. O. Department______ _____ _
495,000
Company’s bonds in treasury_______
Materials and supplies______________
370,406
C a sh ________________________________
235,622
Loans and bills, and miscellaneous _ .
28,936
Cent. Tr. Co., trustee of 5-yr. n o te s ._ 4,767,997
Dakota Construction Company______
1,059,455
C O M P A R A T IV E GENERAL B A L A N C E SH EET JU N E 30.
Assets—
R oad and property--------------------------Rolling equipment--------------------------Advances to Plumvllle R R --------------Advanced to leased lines for im p ts ..
Secur's & leasehold int., leased lines.
Rolling equipment, leased lines-------Securities of other companies ow ned.
Preferred stock sold------------------------Com . stock In treasury (per contra) _
First M. 4% bonds in treas. (per con.)
First ref. M. bonds pledged on c o ll..
First M. 4% bonds in sinking funds.
Unlnvested sinking funds---------------Advances to Susq. & Southern R R —
Fuel, material and su pplies------------C a sh ------------- ---------- -----------------------Cash to pay coupons-------------------------Cash In transit------------------------------Due from agents and conductors-----Due from U. S. G ov’t P. O. D e p a rt._
Due from other roads, cos. & individ’s
Unexpended insurance---------------------Other accrued assets------------------------
1 903 -04.
1 90 4- 05 .
sS
%
S97 .3 1 1
825,830
2,021,993
1,878,058
1 5 7 ,4 5 2
1 4 6 .6 77
3,076,756
2.850,565
3 3 7 ,8 71
3 1 0 ,7 5 6
3 2 8 ,8 2 2
3 0 3 ,8 3 4
1 ,0 4 0 ,0 3 2
9 5 2 .2 7 5
1 2 2 ,1 6 0
1 2 3 ,2 27
1 1 7 ,4 9 0
1 1 1 ,2 1 0
1,946,375
1,801,302
1 ,1 3 0 ,3 8 1
1 ,0 4 9 ,2 6 3
2 3 6 ,0 7 5
2 7 5 ,2 4 8
1 ,3 0 6 ,4 5 6
1 ,3 2 4 ,5 1 1
61,737
56,045
1,020,376
931,447
2 6, 8 4 8
3 8, 9 4 2
(5 ) 2 0 0 , 0 0 0 ( 5 ) 2 0 0 , 0 0 0
_________(2 YT) 1 5 0 ,0 0 0
1 ,3 08 ,9 6 1
1,376,434
s ur 5 7 , 4 9 5 d e f 5 2, 9 2 3
National Railroad Company of Mexico.
30 1906.)
On pages 1119 and 1121 will be found the remarks of Presi
dent Brown from the report. Below are the earnings,
charges, &c., in detail:
{R eport for S ix M on th s ending J u n e
,
EAR N IN G S, CHARGES, E TC ., FOR S IX M O N TH S
E N D IN G JU N E 30 1906.
Earnings—
M ex. Currency
U. S. Curr.
F reig h t__________________ $5,530,168 Net earnings________ $1,454,870
Passenger ............................ 1,748,659 Interest on bonds o w n e d ._
60,000
Miscellaneous ___________
115,099 Divs. on stocks owned____
107,860
Interest and discount____
9,852
T o t a l__________________ $7,393,925 E xch an ge..............
17,035
U.S.Curr.
Which, reduced at the rate
T o t a l................- ..........$1,649,617
of 200, gives___________ $3,696,963
Deduct—
Int. on prior lien bonds__ $468,750
Expenses—
M ex. Curr. Int. on consol 4% bonds. 487,019
Malnt. of way & struc____ $757,929 Int. on 5% gold notes____
212,500
Maintenance of equip t ._
800,162 Interest on loans________
8,500
Conducting transport’n — 2,561,393 Dlv. on pref. stock, 1 % ,
General expenses_______
344,228
Aug. 10 1906___________
288,329
Six months’ proportion
200,490
T
o
t
a
l_________________
$4,463,712
cost
extending
5%
gold
175,908
U.S.Curr.
n o te s--------------------------34,384
470,993
Which, reduced at the rate
Six months’ proportion
ol 200, gives___________ $2,231.856
discount on bonds sold.
8,671
19,968,775
T otal_________
T axes___________
6,061
V. 83, p. 435.
Rental Mlchoacan and Pa
$1,508,153
cific leased line________
4,176
Minneapolis & St. Louis Railroad Company.
Balance, carried to profit
T o t a l ................. ...............$2,242,093
and loss____ ___________ $ 141,464
(R eport for F isca l Y ea r ending J u n e
B A L A N C E SH EET.
June 30 1906. Dec 31 1905. D e c . 31 1004
Assets—
$
Railroad properties___________
. . . 87,997.475 88,124,612 88,517,930
Additions and betterments___
3 1 2 ,6 8 9
Bonds and stocks owned.........
28,538,037 25,307.378 25,367,240
CONDITION OF TR A C K S (INCL. 9.92 M. 2D TRACK ) AND BRIDGES. Mexican Government b o n d s ..
22,600
22.660
22,436
5 1 0 ,0 3 3
Timber Material and su p p lie s.._______
5 0 2 .2 0 2
•Rails (miles)-------- ------- Metal Bridges on Wooden
5 6 7 .4 9 3
Agents
and
employees________
Trestles.
3
98.
2
2
5.078
80 M». 75 lb . 70/5. 66/5. 60/5. Var. Masonry. Piling. Bridges.
June 30.
balances_______________
132 ,1 64
5 9, 8 0 8
1 2 6 ,1 39
1906 ------ . . 1 0 3 1 287 39 244 105 5,351ft. 1,414ft. none 44.669ft. Traffic
on bonds sold_______
712.767
731 .601
1905 ------ . . 98 1 233 43 284 121 5,531ft. 1,414ft. none 45,854ft. Discount
and companies__
1 5 4 ,7 9 7
1 5 7 ,6 22
1904 ------ . . 98 1 224 34 270 14 5,094ft. 1,217ft. 215ft. 42,870ft. Individuals
subsidy..........................
9 0 0 ,0 0 0
1903 ------ 90 1 224 35 277 14 5,046ft. 1,217ft. 297ft. 46,228ft. Federal
173 ,7 60
1 5 8 ,4 9 5
2 2 6 ,7 7 9
Track ballasted June 30 1906. 473 miles; to be ballasted, 296 miles. Locomotives. Bills collectible............... ..........
State of Mlchoacan...............
38,000
31,000
43,564
94 passenger care, 80; freight care, 3,344.
State of Q ueretaro....................
3
.0
0
0
1,
500
4 ,4 5 5
CLASSIFICATION OF FR E IG H T— PRODUCTS OF (TONS).
Texas-Mexican R y. Co. ad van
on
56,696
AgriculManufac M iscel
3 7. 1 1 2
112 ,0 69
laneous. Miscellaneous.
42 ,3 0 4
ture. Animals.
Mines.
Forests.
tures,
168 ,676
o p e r a t io n s
30 1906.)
The remarks of President Edwin Hawley are given at
length on pages 1113 and 1114.
Various faets from tables in the report follow.
1 905 -06 ............... 1 ,0 5 8 , 0 7 3
1 90 4- 05 ............... 8 1 3 , 4 1 5
9 03 -64 ............... 6 5 7 , 8 0 8
9 0 , 9 8 9 3 2 9 .7 0 7
7 6 , 6 0 9 2 7 8 .6 6 2
7 3 , 5 6 7 2 9 7 ,7 4 7
2 2 2 ,2 3 6 206 .781
2 6 5 , 9 3 5 2 2 2 ,7 0 8
2 2 7 .4 2 1 173 ,9 20
452,090
3 1 0 ,2 7 0
2 3 4 .0 7 8
Total
6 7 9 .1 4 9
8 8 9 ,4 3 2
1 2 1 ,2 06 ,2 8 1 1 1 7 ,2 6 5 ,1 7 5 1 1 6 .2 7 1 ,2 9 1
1002
THE CHRONICLE
June JO 1906 D e c 31 1905 D e c 31 1904
$
Liabilities—
$
$
525,500
C om m on s to c k ______ ■*.________________
424,100
424,100
10,941,500
10,975.300
D eferred s to c k --------------------------- --------- 10,975,300
Second preferred s to c k _______________ 21,950,600 21,950,600 21,883,000
28,832,925 28,832,950
Preferred s to c k . ..................... .................. 28,832,925
Funded debt and n o t e s .................... ...... 55,890,000 52,743 500 49,743,500
2,376,344
L o a n s _______________________ __________
805,740
887,316
Interest on bonds and loan s__________
815,580
485,998
V ou ch ers and p a y -rolls_______________
465,559
369,438
5,269
3,848
U nclaim ed w a g e s ____________________
D ividen d on preferred s to c k . ..............
288,329
220,174
133,964
183,148
T ra ffic balances______________ ________
12,510
12,635
M. & P. B y . ( s p e c i a l ) .............. .............
12,635
306,734
218.421
318,211
In dividu als and com pa n ies__________
21,712
93,300
192,649
El S alto extension and m iscellan eou s625,552
213,295
748,481
P rofit and loss, b alan ce______________
(G u aran ty o f M exican International
R R . Co. lirst consols, $6,501,000.)
T o t a l . . . ................... ............. ............. 121,206,281 117,265,175 116,271,291
— V . 83, p . 156.
Mexican International Railroad.
( R ep o rt fo r S ix M o n th s en d in g J u n e 30 1905.)
On pages 1121 and 1122 are published at length the re
marks of President Brown as given in the report. Below are
the statistics of operations, earnings, charges, &c.
The average price realized for the silver dollar was: in
1906. 50 cents; in 1905, 49.63 cents; in 1904, 46.13 cents; in
1903, 42.10 cents; in 1902, 41.90 cents; and in 1901, 47.50
cents.
O P E R A T IO N S , E A R N IN G S , C H A R G E S , <&C., F O R S I X M O N T H S
E N D IN G J U N E 30 1906.
Operations—
Passengers ca rried ________________________________________________
184,718
Passengers carried one k ilo m e te r _______________________________ 14,705,306
R eceipts per train k ilom eter______________________________________
$1 04
T on s reven ue freight carried______________________________________
713,556
T on s revenue freight carried on e k ilom eter_______________________ 263,916,551
R eceipts per train k ilom eter______________________________________
$2 44
A verage tons per train, all freight (per train k ilo m e te r)_________
206.97
1 k ilo m e te r = .6 2 1 3 8 m ile.
1 m etric t o n = 1 .1 0 2 3 to n s o f 2,000 lbs.
IN C O M E ACC O U N T F O R S I X M O N T H S .
E arnings—
M e x . C urr. N et revenue— M ex . c u r r ..$ 1 ,6 5 8 ,4 6 9
Passenger a nd exp ress____ $403,702
U. S. C u m
F r e ig h t ___________________ 3,547,540 N et revenue (M exican cu r
ren cy $1,658,468 55 con
A ll oth er sou rces_________
86,290
verted at 50 cents fo r the
In com e from in vestm en ts665
silver d o lla r ).......... ........... $829,234
T ota l receip ts________ $4,038,198 I n t ., discount and e x c h
16,020
W orking expenses—
M aint. o f w a y a n d s t r u c .. $489,523
$845,254
275,755
M aintenance o f equipm en t
457,633 Interest on b on d ed debt ...
C on du ctin g t r a n s p o r t s .- 1,276,678
General expen ses_________
137,026
Stam p and oth er ta x e s
R ental Coahuila Coal R y .
$2,360,860
15,536
3,333
Net incom e carried to
$2,379,729
profit and lo ss_________
$569,499
Interest on income bonds is not included in the accounts
for this period as same was not declared until Sept. 19 1906.
B ALA N C E SH EET.
June 30 1906. D ec. 31 1905. D ec. 31 1904
$
A ssets—
$
.40,462,910 40 392,661 40,304,534
M exican G overn m en t bonds.
15,027
15,022
14,362
Materials and su pp lies______
464,763
344,342
376,941
D ue b y agents, & c__________
199,383
107,433
85,081
252,437
263,654
T ra ffic balan ces______________
230,652
135,179
126,146
131,490
7,180
M iscellaneous accou n ts.
2,601
. 1,979,335
1,611,904
1,068,988
43,509,036
42,868,333
42,214,649
20,708,200
17,555,500
212,113
462,034
353,313
83,613
4,134,261
20,708,200
17,555,500
214,760
211,810
140,450
77,605
3,960,008
20,708,200
17,555,500
186,558
221,393
121,402
66,450
3,355,146
43,509,036
42,868,333
42,214,649
Liabilities—
F u n d ed d e b t________
A ccru ed interest, &c.
M iscellaneous.
* ^ ,T o ta l.......... ......................................
— V . 82, p . 815 , 801.
Canadian Northern Railw ay.
30 1906.)
President William Mackenzie, at the annual meeting on
Oct. 23 said in substance:
(.R ep ort f o r F i s c a l Y e a r en d in g J u n e
General Results.— The increase In passenger tra ffic com pared w ith last
year was $398,703, or 6 0 % , and whilst the add ition in th e m ileage operated
has In part con tribu ted to this result, there has also been a satisfactory
Increase in passenger revenue from you r lines generally. T h e increase in
gross earnings from freight traffic was $1,274,402, or 4 2 .6 2 % ; the tonnage
m o v e d being 1,727,002 tons com pared w ith 1,368,896 tons for the previous
yea r, being an increase o f 2 6 .1 6 % . O f the increase in tonnage carried,
grain and flour con tribu ted 179,596 ton s, logs and lum ber 45,031 ton s,
and general m erchandise 99,050 tons.
New Lines Completed.— D uring the past fiscal year the m ileage under
operation was increased very largely. T h e com pletion o f th e line to Prince
A lb ert and th e m ain line to E d m on ton m arked an im portan t stage in the
h istory o f the railw ay. The line to Prince A lb e rt, in a dd ition to opening
up a large area o f arable land w hich has to som e exten t been already
brou gh t under cu ltivation , provides an outlet for the prod u ction o f the
lum ber mills operating at different points on the line, and creates a shorter
rou te to W in n ipeg and the East b y a bou t 70 miles.
T ra ffic.— A large increase in traffic ha? been reaped th rou ghou t the year
from the m ovem en t o f grain and cattle, and from the farm ing and im m igra
tion business generally; b u t b y far th e m ost n otew orth y developm en t Is
th at o f the coa l, iron ore, and other m ineral business all along the line, the
result o f which will on ly be actu ally show n In the traffics during the current
year. It Is an especial su b ject o f con gratu lation , as it will enable th e co m
p an y to face years o f p oor crop s, whenever th ey com e, with equanim ity.
T h e m ovem en t o f desirable settlers to all parts o f the railw ay, and
especially to the Saskatchew an V alley and Carrot R iver districts, continues
satisfactory from every stan dpoin t. The grain crop was considerably
better than the previous year; the lum bering industry also continues pros
perous*
D escription of Freight Carried
Live
Lumber
Building
F iscal
F lou r
Grain
Stock
and Logs M a teh a l M isc.
Y ear.
(sacks.)
(bushels.)
(head.)
(feet).
(cars.)
(tons.)
1905-06 _____ 483,819 16,192.502
41,588 171,636,000 8,955 559,022
20,299 141,614.000 5,968 459,972
1 904-05 _____ 414,824 9,681,829
A lso fire-w ood. 175,675 cords, against 176,365; fish, 3,175 ton s, against
5 770; im m igrant effects, 2,614 ton s, against 1,558 tons.
In the course o f a few m on th s w e ex p ect to engage in the m ovem en t o f
iron ore from th e A tik ok a n R an ge to P ort A rth u r, where a p lan t to m an u
facture iron is now under con stru ction and w ill be rea d y fo r operation
(V O L . LX XXII I
sh ortly. T h e o w n e rsjo f the ore p rop erty h ave e very e x p e cta tlo n ja ls o lo f
m arketing a large tonnage in the U nited States and preparation s to that
end are being m ade b y them .
Proposed E xtensions and Im provem ents.— In order to develop and p rotect
the territory served b y our m ain lines, further branch lines are under c o n
tract for early con struction.
D uring the year considerable expenditures were Incurred In im proving
the roa d -b e d , enlarging and building new station s, exten d in g industrial
tracks and sidings to m eet the grow ing dem ands o f traffic. The w ork has
been to a great exten t delayed, ow ing to the sca rcity o f lab or, and there
Is no Im m ediate prospect o f the situation im provin g In th at respect.
New S ecurities.— Fou r per cent perpetual con solid ated debenture stock
to the am ou nt o f £ 1 ,2 4 0 ,0 0 0 , was sold during the year and the proceeds
applied for the general purposes o f the co m p a n y .
(V , 81 p . 1550.)
A cqu isition .— Y ou r directors, realizing the im portan ce o f securing
entrances into the cities o f O ttaw a, M ontreal and Q u ebec, h ave, w ith you r
san ction , acquired control o f the Great N orthern R y . o f C anada,the Chateau gu a y & N orthern R y . and the Q u ebec New B runsw ick & N ova S cotia R y .,
b y w hose lines the necessary entrances have been secured. These three
com panies have since been am algam ated under the nam e o f the Canadian
N orthern Q uebec R y . Co , and arrangem ents are now being m ade fo r the
perm anent w orking o f the am algam ated railw ay as part o i the Canadian
N orthern system .
(See V . 83, p. 271, 751, 968, 1036.)
A lso see V . 82,
p. 1267.)
Outlook,.— Three m onths h ave elapsed since the close o f the fiscal year,
v iz ., J u ly, A ugust and Septem ber, and the tra ffic returns sh ow that the
gross earnings exceeded the sam e m onths last year b y $691,000. TheSe
figures are fairly representative o f the prevailing prosperous con d ition s; and
w ith an increased m ovem en t o f im m igrants, a grain crop in excess o f 1905,
the com pa n y is assured o f a large add ition to Its business fo r another year.
P rovision has been m ade to m eet this increased tr a ffic b y the purchase o f
rolling stock o f all kinds.
(See V . 82, p . 1267.)
Equipm ent owned—
Locom o- Passenger Freight M iscelJune 30—
lives.
Cars.
Cars, laneous
141
130
5,437
157
1906------------------------- -------------------------1905---------------------------------------------------106
69
4,154
133
The operations and income account for three years past
and the balance sheet follow:
O P E R A T IO N S , E A R N IN G S , C H A R G E S , E T C .
1905-06.
1904-05.
1903-04.
Miles operated June 3 0 _______________
2,482
1,876
1,349
Operations—
Passengers carried____________________
564,341
468,591
358,133
Passengers carried one m ile __________ 47,182,065
28,883,378 21,836,407
Earnings per passenger per m ile_____
2.522 Cts.
2.367 cts.
2.591 Cts
Earnings per traffic train m i l e _______
$1.13002
92.61 cts.
86.70 cts.
Freight (tons) ca rried _________________
1,727,002
1,368,896
1,109,585
Freight (tons) carried one m i l e ______ 535,298,197 385,834 234 294 498,675
Earnings per to n per m ile_____________
0.810 cts.
0.793 cts.
0.819 cts
Earnings per traf fic train m ile ________
$2*2214
$2.2915
$2.0468
Earnings per mile o f ro a d _____________
$2 860 34
$2,641 37
$2,402 71
Gross E arnings—
$
$
$
Passenger_____________________________
1,062,639
663,936
516,808
F reigh t________________________________ 4,335,933
3,061,531
2,412,384
M a i l s . . . ........................- ______ __________
23,172
20,962
13,948
E x p r e s s ______________________________
53,941
35,200
28,718
M iscellaneous, including telegraph,
dining and sleeping cars, and profit
from elevator and other subsidiary
co m p a n ie s _________________________
428,070
408,583
270,845
T otal gross earnings_____________
Operating E xpenses—
M aintenance o f w a y and s tru c tu re s .M aintenance o f e q u ip m e n t__________
Conducting tr a n s p o r ta tio n __________
General expenses______________________
F ix ed Charges—
Interest on bonds guaranteed b y G o v
ernm ent o f M a n itoba ________ ______
In t. on b onds guar, b y D om . o f C a n ..
In t. on perpetual con sol, d eb. s to c k . .
Rentals leased lines, & c______________
Interest on equipm en t leases..... ...........
Surplus fo r year.
5,903,755
4,190,212
3,242,703
807 692
585,602
2,072,056
209,382
557,261
410,707
1,515,300
161,462
476,930
296,335
1,174,932
172,575
3,674,732
(62.24)
2,229,023
2.644,730
(63.12)
1,545,482
2,120,772
(65.40)
1,121,930
591,058
167,836
315,360
223,960
211,234
577 307
27,690
104,471
223,960
195,351
431,404
76,407
223,960
73,757
1,509,448
719,574
1,128,779
416,703
805,528
316,402
GENERAL BALANCE SHEET JUN E 30.
1906.
1905. I
1906.
1905.
$
I Liabilities—
$
%
Cost of ry. & equip 69,858,265 53,533,8531 Capital stock......... 30,750,000 30,750,000
14% cons. deb. s tk -10,901,333 4,866,667
Cap. stock & bonds
of other cos.
First mtge. bonds-24,585,137 15,450,552
ICar trust obligat’s . 4,180,916 3,678,362
owned, cost (par
333,276
$3,630,000) a - - - ,946,667 1,946,6671 Unpaid pay-rolls.214,204
351,882 Unpaid
audited
Material & supplies 411,915
vou ch ers______
627,498
Due from agents
443,615
Due to other c o s .- 1,143,407
and cos., traffic
6S3.123
935,177 Accrued interest on
Dalances, &c— 1,390,651
689.514
374,815
bonds, &c., to
Cash on hand------d a t e ...................
147,335
77.270
Surplus................... 1,628.110
978,602
Assets
$
Total................... 74,297,012 57,142.394
Total................... 74,297,012 57.142,394
a This amount represents the capital stock and bonds pledged to secure the 4%
perpetual consolidated debenture stock (compare V. 80, p. 1174), viz., at par:
Minn. & Ont. Bridge Co. stock. -$100,0001 Lake Sup. Term. 5% bonds___$1,000,000
First 43^% debentures______ 180,0001 Can. North. Teleg. Co. s to ck .. 500,000
Minn. & Man. R R . stock_______ 400,0001 General mortgage 5% bonds
300,000
General mortgage 5% b o n d s._ 250,0001 Winnipeg Land Co., Ltd., stk.
100,000
Lake Superior Term. Co. stock .- 500,0001 First mortgage 5% bonds__
300,000
— V. 83, p .9 6 9 ,751.
(The) Cuba Railroad Company.
(R ep o rt fo r T h ree Y e a r s a n d S e v e n M o n th s en d in g J u n e
President W. C. Van Horne, Oct. IS 1906, writes:
30 ;06.)
R oad.— F o r the a cco m m o d a tio n o f the p ublle th e railw ay was opened
for tra ffic a bou t D ec. 1 1902, while th e w ork o f con stru ction was goin g on;
and from this tim e to the end o f 1904, w hen the m ain line con stru ction was
substantially com pleted . It was operated b y T h e C uba C om pan y for the
a ccou n t o f you r com p a n y. T h e branch to A n tllla (the N ipe B a y terminus)
was not com pleted until the sum m er o f last yea r, and since th at tim e
considerable a ddition s have been m ade to th e w harves and other term inal
facilities. A branch line o f 12 m iles from C acocum to H olgu in is now p ra c
tica lly com pleted.
Our lines on June 30 1906 consisted o f the follow in g : M ain line, Santa
Clara to Santago, 356 m iles; A n tilla (N ipe B a y ), branch , 31 miles; Sancti
Spiritus branch 8 miles; P on u p o b ran ch , 11 miles; Jatibon ico b ran ch , 3
miles; H olgu y b ran ch (under co n stru ctio n ), 12 m iles; to ta l, 421 miles.
T h e rail was and its equipm en t are in excellen t con d ition th rou ghou t.
T h e addition s now being m ade to its rolling s to ck and oth er equipm ent
w ill bring th e p ro p e rty to a g o o d state o f e fficie n cy and add v e ry m u ch to
its earning pow er. *
E arnings.— It will be noted th at the tra ffic has ra p id ly increased from the
beginning. T h e recen t disturbances In C uba, now b elieved to be happily
en ded, resulted in n o dam age w h atever to th e p rop erty . Th ere was
n aturally som e fallin g off in traffic; bu t fo r the period o f the disturbances
th e earnings have been con siderably ahead o f the corresponding period o f
last year.
Im provem ents— L oa n .— T h e lines w ere origin ally laid w ith pine sleepers
from the G ulf States, n ative h ard -w ood not being available at the tim e.
Large replacem ents have already been m ade w ith n ative h a rd -w ood , w hich
has an average life o f from tw en ty to th irty years or m ore. A ll o f the
THE CHRONICLE
N o v . 3 li)U6
\m >ortant bridges are o f steel and m ason ry, b u t there are m any small
bridges o f tim ber, w hich are being rebuilt either In native hard w ood or
in a perm anent form . T o assist the com p a n y In p rovid in g for these h ea v y
rep lacem en ts, and to euable It to d ev ote Its current fun ds to the general
betterm en t of Its p rop erty and the d evelop m en t o f Its tra ffic, the Congress
o f Cuba In 1905 granted a loan to the com p a n y o f $798,450 until D ec. 15
1910 w ith ou t interest. O f this am ou nt $260,150 Is y e t to be received from
the G overnm ent. A gain st this loan the G overn m en t has the right, after
D ec. 15 n ext to a pp ly the am ounts due to the com p a n y for mall and other
G overn m en t transportation as th ey shall accrue.
1093
A tlan ta Birm ingham & A tlantic Railroad.
30 1900.)
President H. M. Atkinson, Sept. 1 1906, writes in sub
stance:
(Report for Fiscal Year ending June
M erger— New Construction and F a cilities.— T he co m p a n y was organized
on April 21 1905 to build extensions o f the A tla n tic & B irm ingham R y . Co.
from M ontezum a to B irm ingham , A la ., and A tla n ta , Ga. C onstruction
was begun on May 1 1905 and has been a ctively pushed up to the present
O P E R A T IO N S T H R E E Y E A R S . S E V E N M O N T H S TO J U N E 30 1906.
7 M o s. to tim e. On A pril 12 1906 the com p a n y purchased and on M ay 1 cam e Into
30
possession o f the A tla n tic & B irm ingham R ailw ay Co. The present main
line figgregates 349 miles.
1905.
1904.
1906.
1903.
T he 293 miles o f addition al road under con struction com prises m ain lino
Gross E arn in gs—
from T a lb o tto n , G a ., to B irm ingham , A la ., being 216 m iles, and from a
$518,399
$235,666
$808,589
$85,511
P assen ger___________
53,000
53,000
2 6 ,5 0 0 Unadj ust ’ cl con n ection with this lino at C h alybeate Springs, G a ., to A tla n ta , G a .,70
Mail ...............................
32,441
58,930
14,421
2.792 miles. This entire w ork has been let to con tractors and is being pushed
E xpress and baggage
382.772
213,676
70.942 as fast as possible. Part o f this m ileage Is entirely com p leted and track laid,
588,078
_ _ ...............................................
13,288
28,976
8 .OSS
664 and a large part o f the balance o f It Is well a d va n ced , the grading o f a c o n
Car kllom eterage___
14.739
2,985
3.0 17
2,125 siderable p ortion being entirely com p leted .
H ire o f equipm ent
C ontracts have been let for the erection o f passenger and freight terminal
61.418
21,809
16,947
14,079
T u gs and ligh ters___
5.352
4,565
4,797
1,069 station s, and the necessary side-tracks, at B runsw ick, and also for the re
M isce lla n eou s_______
vision o f grades on the m ain line o f the old A tla n tic & B irm ingham R y .
$ 1 ,6 1 9 ,0S2 $1,029,259
$524,042
$177,182 reducing the m axim um o f 1 % , w hich is now in use, to 0 .6 % , th ereby In
creasing the efficien cy o f m o tiv e p ow er 5 0 % .
Operating E xp en ses—
These con tracts are well adva n ced n ow , and b y the end o f the year the
$1S1 ,S73
$152,084
$16,115
M alnt. o f w a y and structures; $ 32 5,S17
135,140
97,095
169,288
30,126 station term inals at B runsw ick w ill have been com p le te d , and grade reM aint. o f eq u ip m en t________
479,478
350,448
276,605
99,250 i vision will have p roceeded to such an exten t as will have con sid erab ly in
C on du ctin g tran sportation . .
66,174
40,330
S I ,973
10,538 creased the efficien cy o f our present m o tiv e pow er.
General expenses and ta x e s . _
C ontracts have also been let for the con stru ction o f com p lete steam ship
$733,635
$ 1,056,556
$566,119
$156,029 terminals a t B runsw ick, G a ., com prising the building o f tw o m odern piers
and four warehouses; also a coaling p ier, coa l lighter and other necessary
R a tio o f operating expensesi
(6 5 .2 6 % )
(7 1 .2 8 % ) QOS.0 4 % )
(S S .08% ) equipm ent. This w ork Is also well a d va n ced , and It is estim ated that the
to gross earnings---------$295,623
$562,526
$42,077
$21,153 first pier w ill be read y In D ecem ber o f this year.
N et earnings------------------274,665
258,175
—
A rrangem ents for term inals in A tla n ta , G a ., and B irm in gham , A la .,
Interest on funded d e b t ..
have been con clu d ed .
(See V . 8 3, p . 35.)
_______
. $287 S61 • $37,448
M ilea g e.— F or th e purpose o f sim plifying m atters and fo r the sake o f
future com parison s, the new com p leted m ileage o f the A tla n ta B irm ing
G E N E R A L B A L A N C E S H E E T J U N E 30 1906.
ham & A tla n tic R R . C o ., w hich com prises th e first section from M ontezum a
L iabilities—
A ssets—
to T a lb o tto n , was operated b y the con tractors for their a ccou n t until June
R o a d w a y and a p p u rt___$21,471,572 Preferred s to c k ___________$10,000,000 30 1906. Therefore this rep ort, so far as the details o f operation s are co n
6,126,000 cerned. covers the sam e m ileage as the annual rep ort o f the A tla n tic & B ir
N ew eq u ip m en t_________
456,141 a C om m on s t o c k ________
First m tge. b o n d s, 5 % ,
A d d ition s, betterm ents &
m ingham R y . Co. for the year ending June 30 1905, e x ce p t th e op eration o f
b on d s, due July 1 1952 6,299,000 ce .ta in m ileage o f the old B runsw ick & B irm ingham R R . C o ., w hich was
branch line con stru e. .
605,024
N otes p a y a b le ____ ______
120,000 discontinued for the purpose o f e co n o m y and Im provem ent o f the service.
H otel C am aguey, p rop
erty a c c o u n t__________
110,470 Sabanilla & M oroto R y .,
T h erefore, the report for this year covers an average m ileage op erated o f
balan ce purch . m o n e y .
28,153 323.62 m iles, against 337.39 m iles operated last year.
T reasu ry b o n d s _________
250,000
66,368
T h e Cuba C o ., New Y ork
114.S56 A u d ited vou chers p a y ’ ble
Operating E x p en ses.— In exp la n ation o f the Increase in expenses, It Is
92,350 on ly fair to say th at a p p rox im a tely 8 0 % o f th e increase is due to three
M aterial and su pp lies___
311,243 W a g e s ___________________
146,225 item s, nam ely, fuel, wages and taxes. T h e use o f w o o d was p ractically
C ash ___________
47,597 In t. on b on d s due July 1 _
M lsc. current a c c o u n t___
23,141
Cash on deposit to p a y
discontinued during the year and coal su bstitu ted , w h ich a ccou n ts fo r the
b on d interest_________
148,725 D eferred & su spended liabilities—
higher co st o f fu el.
G overn m en t o f C u b a ..’
532 o00
D ue from station a g en ts.
6,477
D ue from cos. & In d iv id .
75,334
R eserve against possi
D ue from G ov t, o f C u b a .
132,500
ble c l a im s _________
22,656
T ra ffic balances due from
P rofit and loss, s u r p lu s ..
353,368
oth er com p a n ies_______
79,622
T o ta l assets____________$23,809,561
T ota l lia bilities________$23,809,561
As to the offering of the company’s new bonds due Jan. 1
1936, and of the construction company’s notes due 1910,
compare V. 83, p. 35; also see Birmingham Iron Co., V. 83,
p . 40.
O P E R A T IO N S , E A R N IN G S A N D C H A R G E S .
a $3,874,000 addition al com m on stock will be due to th e Cuba Co. on
th e com p letion o f its c o n tr a c t.— V . 83, p . 1037.
A verage mil s operated
Passengers carried N o .
Georgia Southern & Florida Railw ay.
(Report for Fiscal Year ended June 30 1906.)
President Samuel Spencer says in substance:
T ons freight, N o.
E qu ipm en t.— There were issued during the year equ ip m en t obligation s
(Series B ) , $270,000; there were p aid o f Series A , $36,000.
D uring the year three ten-w heel passenger lo co m o tiv e s and three express
cars were purchased and add ed to the equipm en t. S ix ten -w h eel com bin a
tion passenger and freight locom otiv es were ord ered, deliverable during
N ovem b er 1906. T he new equipm en t trust agreem en t, Series B , dated
M arch 1 1906, covers 500 fo r ty -fo o t flat cars o f 60,000 pou n d s ca p a city ,
the d elivery o f w hich cars has n ot com m en ced .
M aintenance oJ W a y .— D uring the year .904 o f a m ile o f new 75-lb. steel
rail was laid, m aking tota l length o f track relaid w ith 7 5-lb . rail 149.937
m iles. 16.933 miles o f secon d-h and 60-lb. and 6 7-lb . rail were rem oved
from the m ain line betw een V ald osta and G rand Crossing and replaced with
new 70-lb. rail. 97,140 cross-ties and 94 sets o f sw itch -ties w ere p la ced
In the track during the year, as com pared w ith 148,825 cross-ties and 74
sets o f sw itch-ties for the previous year. Several o f th e trestles were re
built and eight miles o f new rig h t-of-w a y fence w ere con stru cted .
The operations, earnings, expenses, charges, &c., have
been as follows:
O P E R A T IO N S , E A R N IN G S . &C.
Operations—
1905-06.
1904-05.
1903-04.
A verage miles o p era ted .
395
395
395
cuassengers carried_____
627,833
561,510
492,148
Pass, carried 1 m ile____ 23 600,066 22,413,985 19,112,432
rflec’ts per pass, per m ile
2.53 cts.
2.38 cts.
2.49 cts.
Tons freight ca rried ____
859,561
739,034
817.554
Tons freight carried 1 m . 86,869,039 75,924,542 77,697,160
R a te per ton per m ile___
1 . 2 1 1 cts.
1 .2 0 0 cts.
1.217 cts.
E arnings—
$
$
$
F r e i g h t _________________ 1,051,779
910,967
945,578
P a s s e n g e r ..................
596.906
534,243
475,641
M all, express A m iscell296,261
269,492
272,321
1902-03.
358
476,207
17,442,296
2.49 cts.
859,639
79,205,649
1.206 cts.
$
955,840
434,918
244,433
T o t a l ..............................
E xpen ses—
M aintenance o f w a y ____
M aintenance o f eq u lp m ’ t
C on ducting t r a n s p o r t s .
General exp . and ta x e s .
1,944,946
1,714,702
1,693,540
1,635,191
275,956
392,293
691,044
160,367
248,903
322,652
589,723
151,108
223,229
327.946
568,636
158,654
271,161
329,069
505,038
129,135
T o t a l --------------P . c. o f exp . to earns—
N et earnings.....................
Other i n c o m e ----------------
1,519,660
(78.13)
425,286
18,579
1,312,386
(76.54)
402,316
17,594
1,278,465
(75.49)
415,075
16,338
1,234,402
(7 5 .49)
400,789
14,792
T o t a l . . . ...............
Deduct—
Interest on b o n d s ............
Interest on car tru sts___
D iv id e n d s ..........................
443,865
419,910
431,413
415,581
270,050
13,656
<277,560
270,050
14,183
a77,560
270,050
17,479
a77,560
243,383
17,300
<277.560
T o t a l _________________
B alance, surplus..............
361,266
82,599
361,793
58,117
365,089
66,324
338.243
77,338
a 5 % on first preferred and 4 % on secon d.
CONDENSED BALANCE SHEET JUNE 30.
1906.
1905.
1
1905.
1906.
A sself—
S
LisibUilies—
$
S
$
Road A equlp't__ 9,614,374 9.606,868'! Stock (see R y. A
Trust equipment- 504/100
270.0001 Inri. Section)___ 3,768,000 3.768.000
Securities owned. .
239.032
276.032!1Bonds (see R y. A
MateVIs A supplies
167.347
111.410! Ind. Section)__ 5,801.000 5.SO1,000
Reserve acc't eq’ t
Equip't obilgat'ns
270.000
504.000
trust B -----------36.750
36.114
.............1 Taxes not due----34.417
Cash (Incl forint.)
323,816
301,7661’ Reserve funds___
47.209
68.487
Ag'ts A conduct'rs
20.191
39.859' Int. due A unpaid.
101,055
100,975
U .S . Gov’ t (mall).
16.612
16.631 1 D ividends----------14
371
1 Audited vouchers.
Individuals, com43.112
61.418
panics. A c_____
52.134
40.112’ Pay-rolls (Ju n e)..
50.194
58.905
Leased rail----------69,529
38.849’ Miscellaneous----17.099
20.234
Miscellaneous____
45,992
22.24 V Profit and loss-----589,371
671.970
I
T o t a l_______ _ 11,089,778 10.723.769! T o t a l......... ........ 11,089,778 10.723.769
— V. 83, p. 1037.
Earnings—
F r e i g h t _____ _______________
Passenger___________________
M ail, exp ress, m iscellaneous <5cc.
1905-06.
323.62
540,556
10,795,760
2.824 cts.
760,211
66,019,591
1.169 Cts.
$
771,939
278,591
77,797
1904-05.
337.39
481,646
9,874,009
2.550 Cts
662,447
54,104,250
1.260 Cts.
$
681,648
251,748
68,116
1903-04.
2 2 0 .11
370,273
6,883,992
541,089
$
444,785
193,751
33,693
1,128,327
1,001,512
E xpen ses—
M aintenance o f w a y _______
M aintenance o f e q u ip m e n t.
C onducting tran sportation .
General expen ses___________
672,229
149,977
145,141
434,826
59,040
143,598
124,732
358,851
53,247
80,776
84,249
254,492
29,570
T o t a l____________________
N et e a r n in g s ______________
O ther In com e______________
788,984
339,343
5,598
680,428
321,084
5,950
449,087
223,142
2.907
T o t a l____________________
Deduct—
Interest on b o n d s _________
T a x e s ______ ______ ________
M iscellaneous interest, A c.
344,941
327,034
220,049
220,492
40,757
9,834
205,592
26,303
14,547
95,300
15,246
7,636
T otal.
Surplus
271,082
73,858
246,442
80,592
118,182
107,866
E ET JU N E 30
&1906.
<*1905. 1
Assets—
S
Liabilities—
$
Road & equipm 't. 13.065,321 10,684,343 Preferred stock . . .
Securities ow ned..
204,620 ICommon stock . . .
3,620
Mater’ Is & supplies
32.203 Bonds________ . . .
88,159
Trust equipment..
778.642 Equip, obligations
731.142
Cash ___________
67.S66 Bills payable...
108,818
Cash for Interest. .
102,925 Int., lncl. July 1_.
111.175
Agents A cond’rs.
24,462 Audited vouchers.
112.818
Individ. & com p's.
65,999
24,227 Pay-rolls (Ju n e)..
At. A Blrm Con
Taxes&miscell___
struction Co____ 7.327,728
At. & Blrm. R y . .
Profit A loss______
Title Guar.ATr Co
100,000
Miscellaneous____
31,304
Total assets___ 21,714,780 11,950,593
&1906
S
3,962,000
6,523.800
9.090.000
1.596,863
77,250
111,175
99.073
42,993
98.339
84,000
29,287
<zl905.
$ **
1,969,900
4.923,800
4.090.000
460,287
100,000
102,925
73,473
39.649
39.684
150.874
c
Tot. liabilities- -21,714,780 11,950,593
a Balance sheet of Atlantic & Birmingham R y.
5 This balance sheet covers the consolidated properties; that Is, the old Atlantic A
Birmingham R y. Co. mileage and a large amount of the new uncompleted work.—
V. 83. p. 1036.
Rock Island Company.
30 1906.)
The Rock Island Company is the owner of the entire cap
ital stock, $145,000,000, except directors’ shares, of the
Chicago Rock Island & Pacific RR. Co. of Iowa. The bal
ance sheet of this latter company is given separately below.
The Chicago Rock Island Sc Pacific RR. of Iowa own*
869,938,400 of the $75,000,000 capital stock of the Chicago
Rock Island Sc Pacific Ry. Co. and S‘28,901,300 of the $29,000
common stock of the St. Louis Sc San Fran. RR. Co.
On pages 760 and 762 of the "Chronicle” of Sept. 29 were
given extracts from the annual reports of both the Chicago
R,ock Island Sc Pacific Railway Co. and the St. Louis Sc San
Francisco RR. Co., these being the chief operating com
panies of the Rock Island system. The reports of the allied
companies, Chicago Sc Eastern Illinois RR. and Evansville
Sc Terre Haute RR. were given in the "Chronicle” of Oct. 13.
(Report for Fiscal Year ending June
THE CHKOEiCLE,
1094
As the Rock Island Company is the owner of the entire
capital stock, except directors’ shares, of the Chicago Rock
Island & Pacific RR. Co., the income of both companies is
included in the following statement:
C O M B I N E D 'I N C O M E A C C O U N T — B O C K I S L A N D C O M P A N Y A N D
C H IC A G O R O C K I S L A N D & P A C I F I C U R . CO.
1905-06.
$
1904-05.
5
1903-04
[ Y OL. I.XXXIII
new road and about the terminal was not taken into consideration as a 11
argument for their construction. It is therefore the more gratifying
that, even against some needlessly enforced disadvantages, a liberal number
of new enterprises are in evidence, or assured.
S ta tis tic s . — The earnings, expenses, charges, &c., have
been as follows:
O P E R A T IO N S , E A R N IN G S , E X P E N S E S A N D C H A R G E S .
O p era tion s
—
1905-06.
1904-05.
1903-04.
1902-03.
Pass, carried (revenue). 581,595
529 468
518,478
481,310
do do 1 mile___ 21,945,851 20,322,508 20,082,736 18,471,087
Rate
per
pass,
per
mile.
2.48
ets.
2.46
cts.
2.45
cts.
2.50
cts.
4,370,805 5,481,123 5,564,592
1,377,155 1,213,533 1,097,948
946 805
64,818 Rev.fre!ght(tons)carrled
42,662
28,877
do do car’d 1 m ile.146,348,568 122,106,091 99,944,378 85,698,029
per ton per mile__ 1.19 cts.
1.22 cts. 1.364 cts. 1.351 cts.
4,413,467 5,510,000 5,629,410 Rate
E a rn in g s —
$
$
S
$
Passengers.......
.................
544,870
501,095
493,534
462,732
24,006
36,519
56,925 F re ig h t______________ 1,743,267 1,490,889
1,363 435 1,158,399
3,664,442 3,647,373 3,495,113
express, car ser
(1)489,504 (4)1,950,210 (4)1,947,608 Mall,
vice, rents, & c........... 208,410
167,088
158,387
179,037
4,177,952 5,634,102 5,499,646 Total gross earnings.. 2,490,547 2,159,072 2,015,356 1,800,168
Balance lor year ______________ _ sur.235,515 def.124,103 sur.129,764
O per. e x p . and ta xes —
The profit and loss account of the Rock Island Co. proper shows: Sur Maint.
way & structs.
391,565
331,778
316.885
343,699
plus June 30 1905, $28,111; received as dividends on stock owned in C. R. I- Maint. of
of equipment . . .
210,803
208,492
159,362
139,585
& P. RR. Co., $500,000; other income, $22,854; expenses and taxes, Conducting transport’n .
829,733
739,551
693,109
576,698
$22,190; dividends, (1%), $489,504; surplus June 30 1906, $39,272.
General expenses_____
112,569
96,892
89,585
70,577
Taxes _____
8,769
7,931
7,198
5,558
B A L A N C E S H E E T OF ROCK IS L A N D C O M P A N Y J U N E 30.
T o ta l ...................
1905.
1,553,439 1,384,644 1,266,140 1,136,117
1900.
1905.
I
1906.
S
^
| Xsi&JjHit'ics__
Net earnings__________ 943,108
774,428
749,216
664,051
3
Assets —
000Other
13,180
7,475
___________
incom e_________
Stocks owned 150,005,052 150,109,092 |Common stock.z96,000,000 96.000.
512,002 ]Preferred stock_y54,000,000 54.000. 000
Cash . _____
7,927
Total net Income___
956,288
781,903
749,216
664,051
| Unpaid vouchers
Companies and
120,479 F ix e d charges —
17,000! and accounts.
207
individuals ..
26,500
Interest on bonds______ 656,515
550,904
514,885
482,515
| Divid’d payable
47,000
______
37,987
33,161
489,504 Mlscei. and car tru sts..
I Aug. 1 . ................... ..........
e tte rm e n ts................
117,842
105,000
79,500
57,063
28,111 DB ividends____________
39,272
| Surplus______
(4)62,000 (3)^)54,250 (3)46,500
______
Total assets.. 150,039,479 150,638,0941 Tot.liabilities 150,039,479 150,638.094 Total ....................... 883,357
710,154
678,872
572,739
72,931
71,746
70,344
91,312
x Includes: Issued and held in treasury, $6,551,197. v Includes: Issued S urplus______________
and held in treasury, $5,043,120.—V. 82, p. 988.
CO N D EN SED B A L A N C E SH EE T J U N E JM .
1906.
1905
1905.
1906.
Chicago Rock Island & Pacific Railroad.
A 33CtS
S
Liabilities—
S
$
Cost of road, &c. .11,257,355 10,727,309 Common stock__ 1,550,000 1.550,000
(,Statem ent fo r F is c a l Y e a r en d in g J u n e 30 1906.)
No. Maine Sea RR. 3,286,000 _____ i Bonds & car trusts
(see Railway &
The income account and balance sheet of this R a ilro a d Equip, account__2,617,239 2,636,685
Cash __________ 350,939 309,512 Indus. Section).15,847,000 12,292,000
Company, which owns most of the stock of the R a ilw a y Com Mat’1.
sup. & store 296,154 245,453 Interest accrued.. 296,910 253,128
pany and is itself controlled by the Rock Island Company Comp’s & individ’s 116,775
.389.278 Pay-rolls_______ 119,089 154,752
Net
traffic
balances 90,231 117,889 Profit and loss----- 400,867 327.936
through ownership of the entire outstanding stock (see Rock Due from agents..
26,166
29,151
Island Company above) are as follows:
42,538
Suspense accounts 95,062
Aroos.No.com.stk
17,896
17,896
I N C O M E .A C C O U N T F O R ' Y E A R E N D I N G J U N E 30.
Real estate_____ 60,050
62,105
1906.
1905.
1904.
T otal________18,213,865 14.577,816 T otal.......... ...18,213,865 14,577.816
$
-V. 83, p. 379.
Div. on C. R. I. & P. Ry. Co.
stock
. (6 M)4,370,805 (7.88)5,481,123 (8)5,564,592
19,807
18,919
13,905
Other income
Mergenthaler Linotype Company.
4,390,612
5,578,497
5,500,042
Total in c o m e _____
( Report, fo r F is c a l Y e a r en d in g S ep t. 30 1906 )
D ed u ct —
President Philip T. Dodge, Oct. 16 1906, writes in sub
1,817
E xpenses____________
26,263
4,103
2,782,280 stance:
2,797,400
2,784,740
Interest on 4% bonds
867,041
Interest on 5% bonds
712,833
862,633
R esu lts. —The year has shown a decided gain in every brancb'of
1,475,000 theG eneral
500,000
1,950,000
D ividends__________
business, and a substantial increase in net earnings which exceeded
of the preceding year by several hundred thousand dollars, and this
4,166,258
5,601,476
4,906,376 those deducting
a substantial am ount to cover losses incident to the San
Balance for year _________ sur.224,354
def.101,434 sur.582,121 after
Francisco
disaster.
The deficit on June 30 1903 was $447,754; surplus for 1903-04 as above, The machines
included Linotypes, 1,015- linotype juniors, 44;
$582,121; deficit for 1904-05, $101,434; surplus for 1905-06, $224,354; monolines, 21. shipped
By the fire at San Francisco more than 100 linotype
total surplus June 30 1906, $257,287.
machines were destroyed. Orders have been received from th at place for
a substantially large number of machines, most of which have been de
B A L A N C E S H E E T J U N E 30.
livered. While this abnormal demand materially increased our business,
1906.
1905. |
1906.
1005.
it is interesting to note that after deducting all orders received from San
A ssets—$
S
I Liabilities—
$
$
the volume of business is largely in excess of the previous year.
Stocks owned ..232,326,032 232,257,840 |Capital stock...145,000,000 145,000,000 Francisco,
em en ts.—A new model machine has been placed upon the m arket
Other invests__ 286,285 280,6851Gold
280,6851Gold bonds,
bonds, 4%
4% 69,938,400
69,938,400 69.929.200 andImisp rov
already
demand. By its use the printer is enabled to change
Cash
775,2541Gold bonds.
bonds. 5%
5% 17,342,580
17,342,580 17,329,140 the style or sizein ofgreat
874,111 775,2541Gold
the type produced by the machine in one minute. Thus
IVo uchers* accts _____
218,792 the machine is adapted
use in job offices where the peculiar conditions
I npaid coupons 192,875
48,705 forbade economical use for
of machines of earlier patterns.
IInterest , not due 755,287
755,010
The
Double
Magazine
Machine,
is in increasing demand. The
ISurplus______ -------------------------------257.286
32,933 number built during the past year so-called,
far exceeds the number built during the
----—------------------------- 1
previous year. This machine has also been greatly improved and carrying
T o ta l assets.,233,486,428 233,313,7801
T o t. liabilities 233,486,428 233,313,780
four complete fonts, with 360 characters, it admits of the fonts being
—V. 81, p. 1238.
changed and of any desired combination of faces being secured in from
one to three minutes.
Bangor & Aroostook Railroad.
E x ten sio n s. —Notwithstanding the repeated enlargement of the Brooklyn
factory, it was found that the increasing business rendered it Inadequate
(.R ep ort fo r F is c a l Y e a r en d in g J u n e 30 1906.)
for the purposes of the company. At a recent day, adjoining property
containing factory buildings and available for immediate use was purchased.
President Franklin W . Cram, Aug. 31 1906, says in sub The tool plant has been increased and improved. Many new machines
and tools for manufacturing purposes have been devised and constructed.
stance:
If the business continues to grow at the present rate, it will be necessary,
at no distant day, to consider the erection of new works in a different
A d d i t i o n s , & c . —There were appropriated from the improvement fund,
and from surplus earnings not included in the operating expenses: For locality, where they can be built on a larger scale and in more advantageous
equipment (including $47,000 for new car trust “ C ”—E d .), $117,940; form.
for additions and improvements to roadway and structures, $514,402; By the fire at San Francisco the warehouse of the company and its stock
total, $632,342. These expenditures were made with proceeds from sales were destroyed. Our loss was, in large part, covered by insurance, which
of 4% bonds, $467,500, and from surplus income, $164,842.
collected.
The items, aside from $47,000 for new car trust “ C,” are reported by willThebe business
of the company is rapidly extending beyond the limits of
Auditor F. C. Plaisted as follows;
the United States, and there is every Indication that within a reasonable
Changing line, fillingtrestles, &c________________________________ $36,429 time the foreign territory will prove a very profitable one.
New spurs, sidings and yard extensions_________________________ 21,903
P a ten ts. — In the United States the company is protected by numerous
B uildings____________________________
36,181 important patents on vital features now generally demanded in machines,
New shops and buildings Milo J e t_______________________________414,449 and also by a large number of later patents having many years to run,
Real estate ($4,468) and miscellaneous ($972)___________________ 5,440 covering improved features and constructions which will be demanded in
3 locomotives, 4 passenger cars, 3 caboose cars, 4 snow plows,
future machines. The policy has been continued of acquiring inventions
2 derrick cars, &e____________________________________________ 70,940
Under a new car trust (Series “C”) 510 new box and 635 new flat cars and patents from different sources whenever they show prospective value.
are being delivered; $47,000 of the surplus for the year was set aside towards
The number of machines shipped, sold, &c., was as follows:
payments under the new car trust (compare V. 82, p. 1322). The final
------------------- - S o l d - -------------------- O n R e n t a l
payment on the first car trust series is to be made on Oct. 1 1906.
Y ea r —
S h ip p ed .
N ew .
Rented.
T otal.
Oct. 1.
During the year 42,143 feet of new siding were built at a cost of $29,- 1905-06________________
1
080
Not stated.
al,153
(?)
559 88, 19 miles of new steel rails, 85 lbs. per yard section, and 9 miles 1904-05________________ f(?)
Not
stated.
868
(?)
70 lbs. per yard section were laid as renewals at a cost of $59,920; 112,300 1903-04__________________ 915
383
456
839
865
ties and 91 sets switch ties were used in renewals at a cost of $42,786. 1902-03________________ 816
Not stated.
748
(?)
A spur extension is being built to the sites of new pulp and paper mills now 1901-02__________________ 663
197
374
571
967
in process of construction. Grading for double track, to connect Milli641 267
371
638
986
nocket yard with this spur, independently of main line, was commenced 1900-01_______________
1896-97__________________ 502
151
479
630 1,325
prior to June 30 and tracklaying for this second track is now complete. 1895-96______________
772 214
581
795 1,538
An accounting for this construction will appear in the next report. The
new repair shops at Milo Junction are complete and in operation.
a
Not
all
delivered.
N ew O utlet. —The Northern Maine Seaport Railroad & Terminal have
been operated by this company since Nov. 4 1905, although final ballasting
The net profits, &c., for four years past compare as follows:
and ditching were not brought to a close until well into the summer, and
construction upon the Cape Jellison dock and yard facilities is only now
1905-06.
1904-05.
1903-04.
1902-03.
being completed. The new road and the terminal facilities are substan
$
$
$
s
tially built in every respect. All masonry for bridges and culverts is of Total net profits__________2,733,752
2 383,296 2,323,633
stone or concrete, and complete for double track. If ever demanded- all Dividends paid____ aboutl ,650,OOOabtl2,204,520
,525,000 1,500,000 1,500.000
bridges heavy, of steel; rails, 85 lbs.; cuts and fills, wide, and ditching, Dividends, rate % _______ 15
15
15
15
ballasting, station, freight house, water supply, siding, fe e ., facilities G ross R eceip ts —
liberal and ample—all upon belief th at, as heretofore, the industrial ex Sale of machines__________2,695,439 2,436,979
Not reported.
pansion of Northern Maine will be limited only to the transportation Sale misc. m achinery------- 33,571
22,975
Not reported.
facilities furnished.
Annual
rental
of
machines,
The immediate response of Northern Maine is gratifying in the extreme.
e t c ___________________ 481,208
437,432
483,224 497,478
The crops of 1906 promise to be far in excess of any heretofore known Sales
supplies_________ 945,052
699,236
(?)
585.519
and this and the augmentation of manufacturing plants promise to furnish, From ofinterest___________
159,969
153,036
Not reported.
within one year a traffic fully 70% in excess of that enjoyed before the
Seaport outlet was assured. The development of local business along the T ota l. ________________ 4,315,239 3,749,658
Not reported.
Divld. on Ch. R. Isl. & Pac. Ry. Co.
stock owned (aggregating 6)4% In
1905-06, 7.88% In 1904-05 and 8%
In 1903-04) _____________________
Other Income______________________
Total Income........................................
D ed u ct —
Expenses and ta x e s _______________
Int. on C. R. I. & P. RR. Co. bonds.
Dividend on preferred stock________
THE CHRONICLE
N o t , 3 1900. i
B A L A X C E S H E E T OCT. 1.
1006.
^
Cash .................................
1,169*420
S tock and bond a c c o u n t.
146,211*
C ustom ers’ notes r e c e lv , . 2,552,965
O pen accou n ts_ - ............. 497,606
Haw m aterials, e t c _ 1,204.857
P la n t, e t c ....... ................ — 1,867,181
L in o t y p e s _____ __________
958,625
O ffice fixtures and t u r n ..
56,533
L ino ty p e C o.
(Canada
rein vestm en t)______
53,573
San Francisco stock fire ,
a c c o u n t ....... ...................47,000
Rights, privileges, fran
chises. patents and In
ven tion s....... ............
7,587,494
M iscella n eou s............... —
24,466
1905.
$
-i
S71,401
138,455
2*247,499
445,316
1,115,911
1 .682.167
842.550
27,999
1904.
$
990,000
1 53 ,45 i>
1,964,729
469,198
1,171,197
1.361.152
939.500
28,608
1903.
$
756.887
257,500
1,574.252
409,150
1.051.418
1,198.172
932.580
20,945
53,573
53,573
58,247
7 ,576,560
23.005
6,228,645
7,737
6,206.7 85
8,658
T ota l assets____16,125,935
Liabilities—
Capital s to c k _______ 10,996,000
C reditors' open a cco u n ts .
38,954
D ividen ds u n pa id---530
S u r p lu s ____________ 5,090,445
15.024,435
13,352,795
12,474,563
10,995,500
22,389
491
4,006,055
1 0 ,000,000
20,089
6,284
3 *326* t23
1 0 ,000,000
31,035
401
2.443,127
T ota l liabilities_____ 16,125,935
— V . 8 3. p . 972.
15,024,435
13*352,795
12,474,563
Edison Electric Illuminating Company of Boston.
(Re/wrt f o r F is c a l Y e a r en d in g J u n e 30 1906.)
President Charles
L. Edgar says in substance:
c
Increase in B u sin ess.— O f the increase show n fo r the fiscal year ju st closed
9.062 Incandescent lam ps and 4 H horse-pow er o f m otors w ere added In the
purchase of the Mecllield E lectric L igh t & P ow er Co. and th e M edway
E lectric Light & P ow er Co. T h e rem ainder, v iz .. 71,114 incandescent
lam ps, 432 arc lam ps and 4,011 Is h orse-pow er o f m otors is the increase in
new b u sin ess, and It is greater than during a ny previou s year o f our history.
P r ic es .— There w ere no changes In the prices fo r electricity during the
year, b u t since the close o f the current year a new price list has been put
into effect w hich fa vora b ly affects m ore than 14,000 cu stom ers. * A lth ou gh
this will m aterially cut dow n the incom e from existing custom ers, it is
con fid en tly exp ected that it w ill be m ore than m ade up b y the resultant
new business.
Im provem ents.— T h e steam stations in M edfield and in W o b u rn are still
being operated. Plans are being m ade for a transm ission line to reach
these p oin ts, and It is h oped th at these stations can be shut d ow n during
the com in g sum m er. T h e steam apparatus in the N atick and Som erville
stations has been disposed o f, so that w ith the e x ce p tio n o f the tw o stations
nam ed a b o v e , all o f our steam apparatus is now con cen tra ted in the A tlan tic
A ven u e station and in the L Street station . South B oston.
T h e new sub-station in the basem ent of the P a v ilo n Building was in
successful operation during th e past w in ter. T h e 5,000 kilow att turbine
has been d ela yed , bu t w e ex p ect to have it in op eration fo r the w inter load
T h e office building on B oy lston Street is in .process o f con stru ction .
Settlem ent.— D uring the year a settlem ent has been m ade w ith the City
o f B oston In the land dam age cases o f the B oston E le ctric L igh t Co. T h ey
were tried before a ju r y during the past w in ter and a verd ict was given in
our fa v or. A settlem ent w as m ade for $390,000.
N ew C apital.— T h ere has been no change in th e capital sto ck during the
past year. A lth ou gh the natural grow th o f th e co m p a n y has been great,
such m on ey as has been needed fo r con stru ction purposes has been raised
b y tem p ora ry notes.
It is exp ected th at during the com in g year you will
be called togeth er again for the purpose o f authorizin g a p etition to the
Gas and E lectric Light C om m ission for addition al capital.
B u sin ess.— T h e num ber o f lam ps con n ected to th e co m p a n y ’s circuits
com pared w ith the previous five years, is show n in th e fo llo w in g table:
Incand.
A rc
Motors\
Incand.
A rc
M otors
June 30— Lam ps. Lam ps. {II. P .) J une 30—
Lam ps. Lam ps. (H .P .)
1906 _______ 788,560
10,534 30,431|1903
493,402
8 , 1 9 6 20,801
1905 _______ 708,384
10,102 26,416|1902
442,034
8,548 19,130
1904 _______ 627,441
9,358 2 4 ,1 5 0 1 1 9 0 1 ________ 247,935
2,503 10,651
The operations for the last four fiscal years follow:
1905-06.
1903-04.
$
3,125,517
2,009,691
1902-03.
$
2,667,809
1,683,086
Gross earnings__________
E xpenses ______________
3,780,911
2,410,485
1904-05.
$
3,346,027
2,143,106
Net earnings_________
M iscellaneous p rofits___
1,370,426
49,257
1,202,921
33,286
1,115,826
37,396
984,723
32,502
N et earnings_________
I n te r e s t_________________
D ividen ds ( 1 0 % ) _______
1,419,683
78,966
1,148,810
1,236,207
94,021
1,070,770
1,153,222
102,408
973,405
1,017,225
151,303
804,667
U n d iv id ed p rofits______
1,227,776
191,907
1,164,791
71,416
1,075,813
77,409
955,970
61,255
$
B ALAN CE SHEET JU N E 30.
1905.
1906.
1905.
1906.
Assets—
Liabilities—
S
S
S
S
Installation a n d
Capital stock......... 11,488,100 11,488.100
property.--------- 17.637.187 17,079,883 First mtge. bonds.
455,000
376,000
Unfinished instalConsol, bonds____ 1 , 110,000 1,031.000
lation _________
524,142
465,230 Premium on stock- 5,307,150 5,307,150
Cash in banks____
112,096
127,873
209,712 Accounts payable.
138,029
Cash at office___
900,000
6.000
4,000 Notes payable____ 1,345,000
Stock on band____
56,000
403,078
52,500
447,407 Coupon notes__ __
Notes receivable.. 1.442.546 1,546.977 Accr’d int. & taxes.
68,253
89,356
Accts. receivable..
287,202
337,875
287,202
309,099 D ividends_______
Sundry open actcs.
341,202
9.208
49,634 Reserve for malnt95,114
Cash In sink. funds
23,914
19,023
20,594 Replacement acct_
9,962
67,509
Profit and loss____
213,410
Total................... 20,511,824 20,132,536
— V. 83. p $71,495.
Total__________ 20,511,824 20,132,536
United States Gypsum Company, Chicago.
( B a la n ce S h eet J u n e 30 1906.)
The following figures have been given out at Chicago:
Asset*—
June SO'06. Dec. 31 '05.
Liabilities— Jvne 30 ’06. Dec 31 '05.
Plants, e tc .........$6,567,001
$6,427,127 Pref. stk.,7%cum$4.500.000 $4,500,000
Trustee stock.pf
879.700
883.400 Common stock. 3.000.000
3,000.000
do
com
750.400
950.000
752.400 Bonds.................
900,000
Stock in oth. co’s
f325,305
210.000
210,000
325.305 Bills pay’le, b'ks
U.S. Gypsum bds
678.000
do general
209.775
738.000!
155,550
Bonds discount.
24,228
143.082
24.8061Accts payable.
175,059
Inventories___
310,595
249,116! Bond interest..
4.167
3,501
Bills receivable.
27.138
34.5571 Reserves,
first
Accte. receivable
766.359
775.629
95.833
mortgage bds.
95,833
Unearned insur.
14.398
13,613, Taxes, royal
Int. paid In adv.
3.471
160,314
ties, etc.........
...............(
150.443
Cash---------------55,619
1,045.260
40.253! Undivided profits 1.157,603
Total a ssets..$10,402,214 $10,264,206! Total liabilitles$10,402,214 $10,264,206
Dividend No. 1 on the preferred stock, 1%%, was paid
last spring; No. 2, 1%, in August; No. 3, it is thought, will
be declared next month.—V. 83, p. 499.
1095
Greene Consolidated Copper Company.
(R ep o rt f o r F i s c a l Y e a r en d in g J u ly 31 1906.)
The report of President W. C. Greene, together with the
company's income account and balance sheet, and also the
balance sheet of the Sierra Madre Laud & Lumber Co., will
be found on a subsequent page of this issue.
The comparative figures have been compiled for the
“Chronicle” as below. President Greene states that the
production for the year was materially reduced by the
company's serious labor troubles last July. On the other
hand the income was increased by the sale of mineral lands.
C O N S O L ID A T E D P R O F IT A N D LO SS A C C O U N T FO R
E N D IN G J U L Y 3 1 (U . S. C U R R E N C Y ).
Production, & c.
1905-06.
1904-05.
55,943,738 64,211,895
Bullion (p o u n d s)................ ...............
Gross value o f foregoin g, incl. gold and
silver co n te n ts__________________
$9,915,548
$9,468,734
A v price reo’ d for cop p er per lb .
17.318 c t s . 14.257 cts.
P rofit and loss account—
$8,406,923 $11,095,699
Gross proceeds o f cop p er s o ld _____
205,037
Selling and shipping expen ses—
272,206
$6,901,585
176,344
Net proceeds o f sales o f co p p e r.
N et value o f cop p er on h a n d _____
$6,725,241
1,887,256
$8,261,886 $10,823,493
724,233
1
o f gold on hand
84,820i
1903-04.
56,239,672
$7,390,338
12.71 cts.
233,038
305,723
77,227
92,292
$9,070,939 $11,133,758
6 075,890
8,159,638
$9,010,513
7,227,552
l
:!
Cost o f p rod u ction and In ven tory ___
r
YEARS
Net profit on sale o f bu llion , & c._ $2,995,049
1,990.349
N et profit from sale o f m ineral la n d s.
64,398
M iscellaneous r e v e n u e s ______________
$2,974,120
$1,782,960
26,389
14,804
$5,049,996
$3,000,509
$1,797,764
$113,657
109,161
$87,807
107,315
$164,366
159,139
Deduct—
A dm in istrative exp en ses..................... ..
Interest, d iscou n t, & c_______________
D ep recia tion , redu ction o f in v en tory,
d evelop m en t, & c----------------------------Loss b y strike June 1906_____________
691,851
167,509
$195,122
T ota l d e d u ctio n s___________________ $1,082,178
Profit on operation fo r y e a r_________ $3,967,818
$2,805,387
D i v i d e n d .........._ ............................... (2 4 % )2 ,1 8 2 ,4 0 0 (19)1,641,600
506,932
$830,437
$967,327
(6)518,400
$1,163,787
$448,927
B alan ce fo r y e a r___________________ $1,785,418
T h e co m p a n y sold during 1904-05 all th e fine co p p e r, v iz ., 62,839,510
lb s., p rod u ced during the year; also all the 15,169,653 lbs. carried over
from the preceding y e a r, e x c e p t 17,217 lbs. used in co m p a n y ’s brass
fou n d ry ; tota l sales 77,991,946 lbs.
CONSOLIDATED B ALAN CE SHEET JU L Y 31 ( U. S. CURRENCY), IN CLUD
ING GREENE CONSOLIDATED COPPER CO., C AN AN E A CONSOLI
DATED COPPER CO., S. A . BANCO DE CAN AN EA
AN D M ERCANTILE DEPARTM ENTS.
1906.
1905.
1906.
1905.
Liabilities—
Assets—
8
S
§
%
Invest, of capital. 16,291,185 15,213,874 Stock Greene Con.
Sierra Madre Land
Copper Co___ _ 1 0 ,000,000 8,640,000
& Lumber Co.
Surplus invested.- *7,715,236 5,680,079
Bills payable.
stock at par.
7.650,000
21,749
381,712
Cananea Cent. Cop.
Accounts payable.
635,830
417,274
Co. stock at par- 2 ,000,000
Accrued labor___
200,023
207,150
Greene Con. Cop.
Deposits in Banco
Co. stock at par8,000
de Cananea, <fcc_
478,685
494,40^
Mat'Is & supplies- 1,339,869 1,391,170 Store orders outs ta n d in g ._____
Net equity In ore
31,623
16,742
on hand, &c___ 1,452,488
473,257 R eserves______ __ 7,677,023
555,159
Bills receivable—
452,121
237,033 S u rp lu s......... .. _ 3,289,860 1,504,368
Accts. receivable.
330,112
215,051
Cash in banks and
on hand.............
461,444
280,735
Miscellaneous-----72,811
77,7581
T o t a l................. 30,050,030 17,896,884
T o t a l_________ 30,050,030 17,896,884
♦Invested in permanent improvements, having been realized as follows: Premium
on shares issued. So.563,402, proceeds of 182,500 shares donated to the company by
W . C. Greene, S2,151,834: total. 87,715,236.— V . 83, p. 893, 496.
Sierra Madre Land & Lumber Company.
(B a la n c e S h eet o f S e p t . 30 1906.)
The report of President W. C. Greene of the Greene Con
solidated Copper Co., which is given on a subsequent page
of this issue, is accompanied by the balance sheet of the
Sierra Madre Land & Lumber Co., an important subsidiary
of the Copper Company, which was described at some length
in V. 83, p. 498; V. 82, p. 456, and V. 79, p. 1481.
Granby Consolidated Mining, Smelting & Power Co., Ltd,
{R ep o rt f o r F i s c a l Y e a r en d in g J u n e 30 1906.)
President J. Langeloth says in substance:
B usin ess.— T he business o f the co m p a n y has been largely increased.
T he to ta l ton n age sm elted am ounts to 832,346 ton s, resulting In a p ro
d u ction o f 19,939,004 lbs. o f cop p er fine, or an increase o f over 4 0 % against
the previous year.
In N ovem ber last a fire destroyed a large ore crusher, w hich fo r a few
m onths greatly ham pered shipm ents o f ore to th e sm elter, as Tunnel N o. 1
was laid p ra ctica lly Idle for a tim e , during w hich all shipm ents had to be
m ade from Tun n el N o. 3. Since th e com p letion o f the new crusher, sh ip
m ents have been m ade w ith ou t Interruption.
Im provem ents.— T w o o f the new large blast furnaces which were placed
In operation last fall are w orking so su ccessfully th a t it has been d ecided
successively to recon stru ct the six old sm aller furn aces, w hich w ork is now
In progress. This w ork will p ro b a b ly be com p leted ea rly n e x t year and the
sm elting ca p a city will then again be largely Increased.
Development W ork.— Tn view o f the high prices fo r cop p er ruling since
last fall, It has been deem ed wise to m ine large quantities o f ore carrying
a smaller percentage o f cop p er than the average run o f the m ines. A ctive
d evelopm en t w ork has been goin g on co n tin u a lly , and diam ond drills have
opened up large ore-bodies In the V ictoria and A etna m ines, where a new
snaft Is now being sunk and the necessary Im provem ents installed for
crushing and shipping this o u tp u t; the first shipm ent w ill, lik ely, be m ade
b y the end o f this year.
D evelop m en t o f the G old D rop claim s, w hich were purchased last su m
m er, p roved sa tisfa ctory, and for som e m onths past shipm ents averaged
over 200 ton s o f ore dally.
A tunnel is being pusned tow ard the Monarch
p rop erty , op enin g up satisfa ctory ore-b odies. T h e length and w idth Is not
yet fully determ in ed, bu t Indications p oin t to large bodies o f ore , a c o n
siderable p ortion o f which will soon be available for hoisting. These
developm en ts have largely Increased the ton n age o f ore In sight over that
e xtra cted In the year.
Put her econ om ics have been effected In p ractically
all departm ents, again resulting In great savings.
Dividends.— U nder the circum stances, the board felt Justified In paying
tw o dividends o f 3 % each on Jan. 16 and May 1 5 .re sp e ctiv e ly . am ou ntin g
together to $810,000.
Tn a dd ition , the available cnan assets wore largely
ncreased. A nother dividend o f 3 % has been p a id , v iz ., on Sept. 15.
1096
THE CHRONICLE.
IN C O M E F R O M S A L E O F P R O D V C T.
19,939,004 lbs. copper fine at an average of $0.1778; 316,947 ozs.
silver fine at an average of $0.6468; 50,020 ozs. gold fine at an
average of $20----------------------------------------------------------------- $4,751,059
Working expenses at mines and smelter, freight, re• lining, selling and general expenses______________ $2,897,165
Foreign ores purchased_____________ _______________ 230,277
-------------- 2,927,442
Net profit ........................................- ......................................................$1,823,617
Less exploration expenses_______________ _____ ____ $20,753
Less dividends paid (6% )____ ____________________ 810.000
-------------- 830,753
Surplus for year over dividends____ _____ _________________ $992,864
Surplus carried over from previous year__________ ____________ 1,554,875
Total net surplus June 30 1906______________ ______________ $2,547,739
There has been expended In new construction, equipment at the mines,
smelter and converter plants, <fcc., $105,975; for additional mining proper
ties, $350,485; total, $456,460. All development work, renewals and re
pairs have been charged to working expenses. Mine development, 8,698
lineal feet; diamond drill development, 11,505 lineal feet.
Granby ore smelted, 796,188 dry tons; foreign ore smelted, 36,158 dry
tons. Net cost per lb. of copper, after deducting value of gold and silver,
$0.0835.
B A L A N C E SH EE T J U N E 30 1906
Assets —
| L ia b ilitie s —
Real estate, machinery, build
Capital stock___$15,000,000 ,
ings and equipment_____ $14,895,044 In treasury___ 1,500,000
Stocks, bonds and bills re
Issued stock_________ $13,500,000
45,429 Accounts payable------ 102,467
ceivable _______________
Cash and copper on hand__ 1,023,834 Dlv's coll, on liquidator shares
1,436
Fuel and store suppies_______________ 187,335
Surplus _________________ 2,547.739
$16,151,642
Total
$16,151,642 Total
Directors.—J. Langeloth, President; Jay P. Graves, Vlce-Pres. and
General Manager; Geo. Martin Luther, VIce-Pres.: Geo. Crawford Clark Jr.,
Vlce-Pres.; George F. Baker Jr., Geo. Crawford Clark, H. I,. Hlgginson,
B. Hochschlld, Arthur C. James, Wm. H. Nichols, W. H. Robinson,
Sanford H. Steele, Edwin Thorne, A. L. W hite, Payne W hitney.
Secretary, Northrup Fowler, 52 Broadway, New York City; Transfer
agents, American Loan & Trust Co., Boston, Mass.; Registrar, Boston
Safe Deposit & Trust Co., Boston, Mass.
Authority has been obtained for an increase in the par
value of shares from $10 to $100, ten new shares to be given
for one of the present shares. The company’s dividend
record follows: Dividend No. 1, Dec. 16 1903, 1 % ; No. 2,
Jan. 15 1906, 3 % ; No. 3, May. 15, 3 % : Sept. 15, 3 % .— V. 83,
p. 821.
Pacific Mail Steamship Company.
{R ep ort fo r F is c a l Y e a r en d in g A p r i l 30 1906.)
President E. H. Harriman, Sept. 25 1906, writes:
.—Compared with the operations of the preceding year,
the receipts from the operations of steamers decreased $79,905, or 1.43%.
This decrease resulted from a diminution of traffic following the cessation
of hostilities between Russia and Japan; the resumption of service. In Nov.
1905, by the Toyo Klsen Kaisha: the opening of additional competitive
lines; the Chinese boycott of American goods; and a loss of traffic Incident
to the San Francisco fire. Receipts from all other sources Increased
$28,459. This left a net decrease In receipts of $51,446, or .89%.
Expenses for the operation of steamers, Including charter paid for
steamers. Increased $478,071, or 13.19%. This resulted from an Increase
of about 100% In the cost of coal In Japan; expenses growing out of the
congestion of traffic on the Isthmus of Panama In the latter part of the
year 1905; expenses Incident to the operation of larger steamers, and
charter hire for a full year for the steamships Mongolia and Manchuria.
There Was a decrease in agency expenses of $41,587 and in Interest on loans
of $38,271. The net Increase In expenses was $414,585, or 9.25%. After
deducting the loss caused by the San Francisco fire ($148,547) and the
usual charge for depreciation and general and extraordinary repairs of
steamers, there was a decrease in (annuall surplus of $144,772 (namely,
from $427,656 for 1904-05 to $282,884.— Ed.)
The Insurance on steamers was renewed and $146,018, the premium
chargeable to the year’s operations, was charged to the year’s expenses.
The sum of $397,549 was credited to the fund for depreciation and
general and extraordinary repairs of steamers and charged to the year’s
expenses. The charges against this fund amounted to $175,001, which
left $1,444,221 to the credit of the fund at the close of the year. During
the year the Indebtedness to the Southern PacIftc Company, which amounted
to $617,122 at the beginning of the year, was reduced to $82,762. W ith the
exception of this indebtedness, the company Is free from floating debt other
than for current expenses. The cash on hand at New York, San Francisco
and London April 30 1906 amounted to $127,272.
S a n F ra n cisco F i r e . —The company’s books, records and correspondence
of the last ten years, in Its offices at the Merchants’ Exchange Building,
were totally destroyed by the devastating fire In San Francisco in April
1906. The company's transactions for the months of March and April
had to be ascertained from copies of statem ents and correspondence of the
business Interchanged with those connecting lines whose offices and records
were not destroyed in the San Francisco fire. The time required for the
collection of this Information delayed the publication of this report. The
company was fortunate In saving the Pacific Mall Docks and the two new
piers referred to In the last annual report. The schedule of sailings was
only temporarily disturbed and was resumed two weeks after the Are. The
loss bythe Are In property and In accounts Is estimated at $148,547. In the
future some of this loss may be recovered, but it Is thought best to write off
the entire amount against the year’s Income.
G eneral R esu lts
[VOL. LXXXffl.
Deducting the Interest paid on bonds amounting to $167,750 and the divi
dends
paid offund
$236,748,
leaves
to be passed to surplus $176,704, from which
the sinking
has been
provided.
R etirem ent of B o n d s .—The sale of the Utah Copper Company's stock
referred to In the last annual report was consummated after the close of the
books for the last fiscal year. Thesale netted this company $940.800. Ofthls
amount $245,000 was applied to the purchase of the bonds for the sinking
lund for the reasons stated In the last annual report and $350,000 to the
purchase of bonds for cancellation as directed bv the last stockholders'
meeting, thus reducing the outstanding bonded Indebtedness to $2,650,000.
Including $573,000 in bonds now held In the sinking fund. This leaves
$2,077,000 In bonds actually outstanding. The tenth payment, due to
the sinking fund Sept.l 1906, has been made, and this will result In at least
2.) additional bonds being purchased during September 1906. The balance
of the proceeds from the sale of Utah Copper Company’s stock Is In the
general working capital of the company, but does not affect the amount of
profits from the operation as shown In the statem ent of income. From
Jan.
1 1906 theofannual
Interest charges will am ount to 6% on $2,650,000,
or a reduction
$21,000.
G en eral .—The outlook for the future gives assurance of the continuation
of dividends.
^
Tire Initial plant which was erected for treating one of the tailing dumps
at Colorado City has continued to be successful and profitable. During
the early part of the present fiscal year, an experimental plant was erected
and operated to determine if still further values could not be recovered from
the tailings. These experiments were satisfactory and your directors
authorized the construction of a tailings plant to treat 800 tons per day
Including the dally discharge from the mill. This plant is rapidly nearing
completion and will be finished in the latter part of October. We believe
that It will materially add to the company’s revenue. At the time of the
annual meeting In January 1907 we hope to be able to give definite figures
as to the results, which will enable the directors to decide as to the advisa
bility of erecting a similar plant at Florence, Colo.
It will he remembered that the sinking fund bonds are not canceled but
are purchased and held by the trustee and continue to draw Interest, which
is applied to the purchase of additional bonds for said fund.
S T A T E M E N T O F I N C O M E Y E A R E N D I N G A U G U S T 1.
1905-06.
1904-05.
1903-04.
Income from all plants In operation.. $611,055
$474,892
32,000 $533,242
Income from outside Investments__
57,000
57,000
Premiums obtained from bonds pur
chased for sinking fund__________
______
15,668
25,071
Interest received on bonds purchased
for sinking fund__________________
25.140
13,890
8,850
33,138
Sundry Interest received___________
22,625
10,540
Total Income for year....................... $701,333 $642,425 $576,353
D ed u ct —
eti
=7
General expenses, legal and official
salaries, advertising, taxes, &c__
$90,728 $153,185 $161,443
Cost maintaining Idle plants________
942
1,418
10,672
Improvements during year_________
19,990
13,706
4,901
Preferred dividends paid___________ (6)236,748
--------- (1 H) 59,187
Interest on bonds__________________ 167,750
180,000
180,000
Premium paid on bonds purchased
for sinking fu n d .................
8,471
Total deductions
$524,629 $348,309 $416,203
Surplus _________
$176,704 $294,116 $160,150
B A L A N C E S B E E T A U G U ST 1.
1906.
1905.
1906.
1905.
Assets —
S
Liabilities —
$
S
$
Cost of property.. 12,168,921 12,168,921
Preferred
stock
Outside investm’ts,
outstanding__
3.945,800
3.945.800
.I
cost_____ ____ 390,000 738,178 Common stock
Cash, accounts re
outstanding__5,918,800
5.918.800
ceivable and ad
First mtge. bonds. 2,650,000 3,000,000
vances on ore, &c 690,165 659,235 Accounts
payable. 40,362
24,143
Trust cos., N. Y ..
779
Unpaid interest &
Kessler & Co.,N.Y. 8,842
7,599 dividends____
8,842
7,599
Supplies, &c____ 365,556 189,588
Interest.. 13,250
15,000
Bonds In sink.fund 573,000 257,000 Accrued
Income acct., sur. 1,620,209 1,109,179
T otal------------ 14,197,263 14,020,521 T otal.................14,197,263 14.020.521
—V. 83, p. 767.
Lake Superior Corporation.
{R ep ort fo r F is c a l Y e a r en d in g June 30 1906.)
PresidentJCharles D. Warren, Oct. 3 1906, writes:
.—During the year the Important plants of the operating com
panies have been actively employed, and it Is hoped that the current year
will see other of the plants In operation and that the results will be more
profitable.
[The following subsidiary companies are owned: Algoma Central &
Hudson Bay Ry. Co.; Manltoulin & North Shore Ry. Co.; Algoma Com
mercial Co., Ltd.; Algoma Iron Works; British-American Express Co.;
Algoma Steel Co., Ltd.; Lake Superior Power Co.; International Transit
Co.; Trans-St. Mary’s Traction Co.; Tagona W ater & Light Co;. Sault
Ste. Marie Pulp & Paper Co. Compare Consolidated Lake Superior Co.,
the predecessor company, in V. 76, p. 656, 1410; V. 77, p. 193, 771; V. 79,
p. 1026.—Ed.]
B last F u rn a ces and Steel R a il P la n t .—This branch shows great develop
ment and improvement. The estimated production of 150,000 tons of
steel rails for the year has been exceeded by about 10,000 tons. The
“record" output of steel rails for a day—1,004 tons—and 17,873 tons
during August 1906, shows the possibility of the plant and proves the
advisability of further capital expenditure on the steel works.
Your directors would like to provide, at the earliest possible date, for
another blast furnace, having a daily output of at least 400 tons. This
would nearly double the present production of pig Iron, and thereby furnish
material adequate for the most advantageous operation of the rail mill.
The comparative income account for four years past was The
present blast furnaces operated during the past year have made
given in^the “ Chronicle” of Oct. 13, p. 890.
130,902 tons of pig Iron.
The construction of two 30-ton open hearth furnaces has been authorized
B A L A N C E SH EE T A P R IL 30.
and their completion is expected earlySin Dec. 1906. This extension will
make way for the profitable' use'of a large am ount of "scrap” which has
1906.
1905.
1906.
1905.
accumulated (10,810 tons June 30 1906) and furnish additional material
Assets — S-Wrf
Liabilities —
$
S
S ^
$
in the operation of the rail mill.
Capital stock____ 20,000,000 720,000,000 needed
Steamers_______ ,572,469 ■9.574,469
H elen Ore M i n e .—Less ore has been taken out of the Helen Mine than
Other float’g equip 374,532 364,269 Southern Pac. Co. 82,762 617,122 during
preceding year, owing to several causes, among which may be
Real estate, &c__ 675.515 675,515 Individuals & cos. -------7,000 named the
labor troubles, an d 'a fire which destroyed the hoisting apparatus
Cash __________ 127,272 181,952 Accounts payable. 150,985 182,894 andTnachlne'shop
replaced). The development work continues; con
72,461 Unclaimed divid’s 11,170 11,245 siderable bodies of (all
Agents and pursers 131,008
pyrites have been found, for which a ready m arket Is
Traffic balances .. 150,564 205,242 Individuals & cos. 14,281
_______
available at profitable figures.
Individuals & cos. 22.566
Fund for deprecia
R a ilw a ys, E tc .—The two rallways“and the fleet of steamers have again
Supplies .......... . 197,608 175,836 tion and general
been profitably operated and, as In the previous year, mostly with com
Cap. stk. term. cos. 111,690 111,691 and extraord’y
pany’s'frelght.
The'two tractlon‘companles together have shown increased
repairs of steam
Mexico and Guate
and^better results. An extension of the route on the American
43,549 ers.......... ........... 1,444,222 1,221,673 business
mala bonds __ 43,782
side"is['under consideration. The Tagona W ater & Light Co. has made Its
Due from Central
4,970 Unadjusted accts. 29,765 ........... usuaV’good record.
Am.gov’ments 7,470
N ick el P r o v e r tie s .—Propositions from outside parties have been con
30,340
Unadjusted sects.
sidered, butLaslyet nothlnglhas been presented which seemed worthy of
Profit and loss-----] ,318,708 10,599,641
_
,
. . . .
M ich ig a n L a k e S u p erior C o. P o w er -H o u s e .—Power has been furnished to
T otal________ 21,733,18* 22,039,934 T otal................ 21,733.184 22,039,934 acceptance.
the
Carbide
Company
during
the
year.
Unavoidable
circumstances
have
—V. 83, p. 890 5
S lt9 > j
delayed the construction of the works necessary to make the power-house
secure under the development of the maximum horse-power, to which
jT'
United States R eduction^ Refining Company.
reference was"made in the previous report. Plans have been prepared,
and it Is expected that the necessary work will be under way early next
" {R ep ort fo rJ F w ca l Y e a r le n d in g A u g , 1 1906.)
year.
(V. 83, p. 382.)
B etterm en ts .—For the two years ending June 30 1906 $527,883 have
'^’ The^report,''signed by the executive committee, J. D.
been
expended
for betterments and extensions to property and plants.
Hawkins, Chairman, C. M. MacNeill and Spencer Penrose,
In com e B o n d s .—The directors have set aside SI50,000 out of the profits
for the'vear for pavment of 5% interest on the income bonds, payable Oct
says:
w G en era rTR esu lts .—The tonnage of ore produced In the Cripple Creek In v en tories, A cco u n ts R eceivable, & c .—On June 30 1906 the total of the
District during the past fiscal year was greater than at any time since the
of materials and supplies, and the outstanding accounts receiv
labor troubles In 1903. Our net Income amounted to $581,202. Four inventories
quarterly dividends amounting to $236,748 were paid on the preferred stock. able held by the subsidiary companies amounted to $4,129,672.
G en eral
H oy.
3 1906.J
S T A T IS T IC S F O R Y E A R E N D IX G J U N E 30 (TO N S) E X C E P T
LUM BER.
------- Production— - ------- Used----------- ------- Held June 301905-06. 1904-05.
1906.
1905.
1005-06.
1904-05
(Tons.)
H elen mine
N ot stated
38,063
66,726
1 70,SS0
o r e _______ 167,665
7,450
0,618
06,2 3 5 144,652 59,6801
PIg Iron____ 130,902
)
P ig Iron pur
35,865 49.856J
chased ------------11,262
98.822
S.76S
Steel rails.
159,740
G round w ood
27,817
p u l p _____
24,344
487
2,347
G round w ood ______
N ot stated
4, 270,550ft 1 ,963,121ft
Lum ber,sales$124,240 $233,147
IN C O M E F O R F I S C A L
Y E A R E N D IN G J U N E 30.
1905-06.
1904-05.
Interest on investm ent securities o f subsidiary c o m
panies (from n et earn in gs)-----------------------------------------$1,102,044 $543,455
N et Interest from banks and oth er sou rces-------- --------36,700
42,084
T o t a l................................................ - ......................................$1,138,744
C oupons paid on first m ortgage bonds ou tsta n d in g—
452,200
Interest accrued on lirst m ortgage b o n d s --------------------37,683
General expenses, taxes and organ ization c o s t s ...........
91,981
B alan ce, credit of profit and loss-------------------------------
1097
THE CHRONICLE.
$556,880
$585,539
452,175
---------98,562
$34,S02
BALANCE SHEET JU N E 30 1905.
1905.
1905. ,
1906.
1906.
$
Liabilities—
$
$
A ssets —
Capital stocy......... 40,000,000 40.000. 000
Investments and
First mtge. bonds. 10,000,000 10 . 000 . 000
securities of subsld. companies. _ 51 184,072 51,201,928 Income b o n d s ------ 3,000,000 3,000,000
32,695Bills and accounts
24,386
- - 17,500 payable...............
688,236
Govt.cash deposit.
25.900 Accrued int. on
30,87 5
Cash for coupon—
........... bonds and loans.
42.998
9.293
Accts. receivable..
150.000 Canadian Imp Co.....................
4,677
125.002
Accts. sec. by bds.
25.900
956,879 Coup, unpaid (con)
30,875
956,S79
Treasury bonds—
354 Due subsidiary cos.
7 ,28S
29.400
476
Furniture <fc fixt_ _
^Suspense account.
34,183
22,020
Advances to sub34,802
591.683
sid. com panies.. 2 ,064,279 1,531,543 Profit and loss____
$
soo.ooo
T o t a l ... ............. 54,395,263 53,916,799
Total................... 54.395.263 53,916,799
Note.— In addition to the bonds in the treasury, there is held lor the account
of the Algoma Central <fc Hudson Bay R y. Co. to be used for the extension of
its line: cash. $57,209; first mortgage bonds of Lake Superior Corporation,
$345.000.— V. S3, p- 821, 627.
U nited States Steel Corporation.
(Earnings for the Quarter and Nine Months ending
Sept
30 1906.)
The following financial statement of the Corporation and
its subsidiaries for the quarter ending Sept. 30 was given
out on Tuesday after the regular monthly meeting of the
directors. The “net earnings” as here shown “were arrived
at after deducting each month the cost of ordinary repairs,
renewals and maintenance of plants, and interest on bonds
and fixed charges of subsidiary companies.” We append
the results for the nine months ending Sept. 30 in 1908,
1905 and 1904. The statem ent made b y Judge Gary will be
found on a subsequent page of this issue.
IN C O M E A C C O U N T F O R T H R E E M O N T H S E N D IN G S E P T . 30.
N et earnings----------------------------------- ----- ----------------------------------------- $38,114,624
D educt—
Sinking funds on b onds o f subsidiary com p a n ies___ $578,053
D epreciation and reserve funds (regular p ro v is io n s ). 6,055,859
Special im provem en t and replacem ent fu n d s_______ 1,000,000
Interest on ou tstan d in g U . S. Steel C orporation b ond s
fo r the q u a rter______________________________________ 5,691,521
Sinking funds on U. S. Steel C orporation bonds for
the quarter (lncl. $232,942 Int. on b onds in fu n d ) . 1,245,442
----------------- 14,570,875
B a la n c e _________________________________________________________ $23,543,749
D ividen d for quarter on preferred stock ( 1 % % ) ---------------------6,304,919
D ivid en d for quarter on com m on stock (y2 o f 1 % ) , p ayable
D ec. 31 1 906_______________
2,541,512
Surplus for the qu arter------------ -------------------------------------------------$14,697,318
A p p rop ria ted on a ccou n t of expenditures m ade and to be m ade
on authorized appropriations for a dd ition al p ro p e rty , co n
stru ction and discharge o f capital ob lig a tio n s______ ______ — 1 1 ,000,000
B alance o f surplus fo r q u a rter_______________ _________________ $3,697,318
U N F IL L E D O R D E R S ON H A N D .
Tons.
Tons.
S ep t. 30 1906______ ______ 7,936,884 M ch. 31 1904
,123
June 30 1906______ ______ 6,809,589 D ec. 31 1903
M ch. 31 1906............ ______ 7,018,712 S ep t. 30 1903
D ec. 31 1905______ ______ 7,605,086 June 30 1903
Sept. 30 1905 _____ ............ 5,865,377 M ch. 31 1903
,347,253
June 30 1905............ ______ 4,829,655 D ec. 31 1902
M ch. 31 1905______ ............ 5,597,560 Sept. 30 1902
D ec. 31 1904............ ______ 4,696,203 June 30 1902
Sept. 30 1904______ ______ 3,027,436 N ov . 1 1901
June 30 1904______ ______ 3,192,277
N E T E A R N IN G S F O R N IN E M O N T H S E N D IN G S E P T . 30
1906.
1905.
1904.
1903.
January .............................$11,856,375
$6,810,847
$2,868,213 $7,425,775
F ebru ary ________
10,958,275
6,629,463
4,540,673 7,730,361
M a r c h ................................. 13,819.840
9,585,586
6,036,346 9,912,571
First qu arter...................$36,634,490 $23,025,896 $13,445,232 $25,068,707
A pril __________
$12,581,902
$9,037,925 $6,863,833 $10,905,204
M a y .................................... 14,041,601
10,602,187
6,256,519 12,744,324
June
_______
13,501,530
10,665,004
6,370,374 12,992,780
S econd q u a rter..............$40,125,033 $30,305,116 $19,490,726 $36,642,308
July ...................
$12,242,098
$9,035,168
$6,344,771 $12,384,647
A u g u s t .............................. 13,158,860
10,986,901
6,202,957 10,918,174
Septem ber ....................... 12,713,666
11,218,513
6,226,204
9,120,134
T h ird q u a rter............$ 3 8 ,1 1 4 ,6 2 4 $31,240,582 $18,773,932 $32,422,975
T ota l nine m on th s---- $114,874,147 $84,571,594 $51,709,890 $94,133,970
IN C O M E A C C O U N T F O R N IN E M O N T H S E N D IN G S E P T . 30.
1904.
1905.
1906.
T o ta l net earnings nine m on th s____ $114,874,147 $84,571,594 $51,709,890
D e d u ct—
$4,151,650
$4,752,921
F o r sinking fu n d s_______________
$5,041,073
8,655,733
D epreciation and reserve fu n d s.......... 15,730,027
14 ,242,134
2,232.172
Special Im p’t and replacem ent fu n d .
6,500,000
17,595.443
I n t e r e s t ....................................................... 17,151,354
17.312,909
A dd ition a l p rop erty , con stru ction , &c 34,500,000
17,300,000
T ota l d ed u ction s..................................... $78,922,454 $55,840,136 $30,402,826
B a l a n c e ..................
$35,951,693 $28,731,458 $21,307,064
D ividends on Stocks—
P referred , 5 1 4 % . . ..................................... $18,914,757 $18,914,757 $18,914,758
C om m on , 1 M % .......................................
7,624,537
T ota l d ivid en d s..... ............................... $26,539,294 $18,914,757 $18,914,758
$2,392,306
U nd ivid ed earnings for nine m on th s. $9,412 399 $9,816,701
— V 83, p. 012, 822.
American Type Founders Com pany.
31 1900.)
President Robert W. Nelson, Oct. 18 1906, says in sub
stance:
(Report for Fiscal Year ending Aug.
General R esults.— T h e increase In business com pared w ith the previous
year was b y far the greatest in the co m p a n y ’s h istory, being m ore than
one-halt o f the am ou nt o f the total business ten years ago. T h e net profit
also largely Increased over last year, after charging oil $152,587 for current
repairs, replacem ents and Im provem ents ($23,666 In excess o f the previous
year) and also charging to current expenses the large expenditure for a
50,000 edition o f a 1,000-page ca ta logu e showing the co m p a n y ’s products
and the printing m achinery and oth er m erchandise w hich it handles. A fter
paying all Interest charges and d ivid end s o f 7 % upon the preferred and
4 % upon the com m on sto ck , there w as carried to surplus $145,913, w hich
Is over $100,000 In excess o f the am ou nt carried to surplus in 1905.
T h e plans for standardizing the m ore desirable faces and. con cen tratin g
the w ork at the central plant have been carried to a practical com p letion ,
and the central plant Is now op erated to Its full ca p a city , resulting In a
very m aterial redu ction In the expense o f m anufacturing.
San Francisco D isa ster.— T h e great disaster w hich befell San Fran cisco
In A pril o f this year brou gh t unusual burdens u pon the com pa n y through
the destruction o f Its San F rancisco ty p e foun din g and oth er m anufacturing
departm ents and o f Its stock o f m erchandise, w h ich , h ow ever, w ere covered
by insurance to the exten t o f a bou t 8 0 % .
N one o f this insurance has yet
been received, b u t the com panies arc responsible, th e claim s are not dis
pu ted, and we believe full p aym en t w ill be received.
E5
As the disaster destroyed the printing industry In San F ran cisco, this
co m p a n y , w hile the fires w ere y e t burn in g, ordered from Its general o ffice ,
over 100 car-loads o f ty p e and other m erchandise shipped to San F ran cisco,
and continues to m ake h eavy shipm ents. T h e San Francisco branch sold
and delivered to the printers in that city and v icin ity , w ith in four m onths
follow ing the disaster, ty p e , printing-presses, printers w o o d good s and other
printers’ supplies to the value o f over $500,000. F or som e m onths after
the disaster no rem ittances were forw ard ed from San F ran cisco, but during
the past few w eeks over $250,000 have been received and there Is reason to
believe the com p a n y will m eet w ith few losses, notw ith stan din g the liberal
credit exten ded to its burn ed-ou t custom ers.
Need o f Additional W orking C apital.— T h e business generally th rou ghou t
the cou n try also show ed rem arkable Im provem ent during the year, o f w hich
a p ortion can be credited to the gen erally prosperous con d ition o f the
co u n try , and a considerable a m ou n t to the enterprise o f the com p a n y in
bringing out m any new and artistic faces and advertising th em exten sively.
T iie extraord in ary increase in sales necessarily led to largely increased
dem ands for ca p ita l, especially as up to th e close o f the fiscal year none*of
the am ount due It from insurance com pan ies had been co lle cte d , nor had
the usual p rop ortion o f the am ou nt due from h eavy sales to our San F ran
cisco custom ers been receiv ed, as th ey had n ot collected their insurance.
T h e co m p a n y ’s con v ertible assets, in cash, bills and a ccou n ts receivab le,
m erchandise, stock s and b on d s, are now so large and valuable that there
has been no d ifficu lty in obtain in g the necessary credits to carry on the
Increased business. H ow ev er, the m anagem ent recognizes that th e current
indebtedness is larger than it should be, from a con servative stan d p oin t,
and if business shall con tin u e on as large a scale in the future as in the p ast,
it w ill be prudent to p rovid e for w orking capital in a m ore perm anent form .
B ranches.— Perhaps few o f the stockh olders appreciate the strength o f
this com pa n y in its w idely diffused branch houses loca ted in the leading
cities o f the cou n try. T h e co m p a n y has houses w ith liberal stocks o f m er
chandise (and in several places loca l m anufacturing p la n ts), In B oston ,
New Y o rk , P hiladelphia, B altim ore, R ich m o n d , B u ffalo, P ittsbu rgh ,
C leveland, C incinnati, D e tro it, C h icago, St. L ou is, M inneapolis, Kansas
C ity, D allas, D en ver, Los A ngeles, San F ran cisco, P o rtla n d , Seattle, S p o
kane and V a n cou ver. T h e establishm ent o f foreign houses still further
strengthens the p osition o f th e com p a n y.
T h e com p a n y s Investm ent in the M exican ty p e fo u n d ry has p ro v e d
exceedin gly p rofitable, and during th e past year th at co m p a n y has been
enlarged and Its corp ora te nam e ch an ged to the N ation al T y p e Co.
It now
does an im portan t business In M ex ico, C uba, P o rto R ic o , and In all the
republics o f Central and S ou th A m erica.
Statistics.—A comparative statement for four years shows
the following:
1905-06.
Gross earnings-------- --------- ----------- $585,742
Interest charges__________________ 139,829
1904-05.
$434,471
104,956
1903-04.
$439,223
92,274
1902-03.
$434,974
97,587
N et earnings_____________ ______ $445,913
C om m on stock d ivid en d , 4 % ____ $160,000
P referred stock d ivid en d , 7 % __ 140,000
$329,514
$160 .000
127,708
$346,949
$160,000
111,435
$337,387
$160,000
75,551
$41,806
$75,514
$101 836
S u rp lu s ..............
____ $145,913
B ALA N C E SHEET AUQ. 31.
1906.
1905.
1906.
1905.
Assets—
Liabilities—
%
$
%
$
Plant ........................ 3,974,548 3,919,811 Capital stock, com . -4,000,000 4,000,000
Merch. & raw mater..2,428,706 2,453.527 Capital stock, pref_ -2,000,000 2,000,000
Miscellaneous______ 142,691
207.722 Debenture bonds . . - 880.000
900,000
Accounts receivable. 1,363.706
884,659 Accounts payable.. - 366.935
195,933
Bills receivable........ 745,884
574,910 Bills payable______ -1,752.054
956,828
Cash______________ - 319.373
159,483 Scrip........... ..............
9,363
9.363
Stocks and bon d s--. 741.663
424,318 Surplus------------------ - 729.619
583,706
Bond. sinking fund.
21,400
21,400
Total..................... .9,737,971 8,645,830
— V. 83. p. 971.
Total..................... -9,737.971 8,645.830
American Malting- Company,
31 1906.)
President Charles A. Stadler, Oct. 25 1906, says in sub
stance:
{Report for Fiscal Year ending Aug.
Sale o Unused P ro p erty .— D uring th e year the com pa n y derived $101,000
cash, oth er than from earnings (and therefore n ot included In the Incom e
a ccou n t b elow — E d . ) , from th e sale o f p rop erty n ot used b y the co m p a n y ,
as follow s; Proceeds fro n sale o f W ell plant and C hicago P n eu m atic plant
In C hicago, properties at L e R o y , L o c k p o r t, C ly d e, O sw ego and Jordan
N . Y .; 5th St. p rop erty , M ilwaukee; p rop erty loca ted on W ilson St.
B rook lyn , N . Y ; p rop erty on 9th S t., E rie, P a .; to ta l, $142,500, less m ort
gages taken In part p aym en t, $49,000, net $93,500; and from proceeds o f
first p aym en t on sale o f R oeblin g S t., B ro o k ly n , p rop erty and 47th St.
p rop erty , New Y ork C ity , $7,500.
Balance Sheet.— Owing to the a b ov e transactions “ plants and good-w ill
a cco u n t” was redu ced b y $150,000 and the asset show n as “ m ortgages on
real estate” was Increased to $94,000. T h e cash received from the a bove
sources, together w ith the balance In the sinking fund o f $101,662 with
$361 accrued Interest, am ounted In all to $203,023. O f this, $100,800
was used In the purchase o f 90 o f the co m p a n y ’s b onds a t 105, and the re
m ainder, together w ith $821,999 o f the co m p a n y ’s cash ca p ita l, was e x
pended for con stru ction o f new plants, show ing a tota l cash expenditure
for this purpose during the year o f $924,222.
D epreciation.— As the co m p a n y , In addition to the a b ov e am ou nt added
to plant a ccou n t, has expended during the last five years over $400,000 In
betterm en t and m aintenance, all of w hich has been charged to operating
expenses, and as the fund already set aside for d epreciation , bad and d o u b t
ful accou n ts Is m ore than su fficien t to co v e r the items for which It was
reserved, no further appropriation for this purpose has been m ade this year.
W orking C apital.— T h e com p a n y begins Its present fiscal year with net
w orking capital o f $5,523,268, v iz .: Cash In banks and trust com panies,
$1,936,890; bonds purchased for a ccou n t o f treasury, $370,000; m ortgages
on real estate, $94,000; securities o f other com panies. $18,725; accou n ts and
bills receivable, $1,720,677; Inventories, $1,431,735; to ta l, $3,581,027;
less liabilities (other than funded debt) $57,759, n am ely, accou n ts payable,
$9,392; accrued taxes, $29,069; accrued Interest on b on d s, $55,710; tota l.
$94,171; less Insurance and taxes anticipated against fiscal year 1900-07.
$36,412; net liabilities, $57,759. T h e Inventories o f barley and m alt have
been valued at a figure under co st, and all o f the m alt and barley on a
m alt basis Is actually sold for future delivery In excess o f the price In
ven toried .
THE CHRONICLE.
1098
R e a d j u s t m e n t .— T h e d ir e c to r s a r c p le a se d to a n n o u n c e t h a t t h e p la n lo r
t h e r e d u c tio n a n d r e a d ju s t m e n t o f th e c a p it a l s t o c k h a s r e c e iv e d th e a s s e n t
o f m o r e t h a n 9 1 % o f t h e o u t s t a n d in g c a p it a l s t o c k .
I t h a s b e e n d e c la r e d
o p e r a t iv e , a n d th e n e w s to c k Is n o w In p ro c e ss o f d is t r ib u t io n .
H o ld e r s o f
a n y o f t h e p re fe rre d o r c o m m o n s to c k are r e c o m m e n d e d t o d e p o s it th e ir
s h a r e s w ith t h e S t a n d a r d T r u s t C o . o f N e w Y o r k , a n d t h e r e b y a v a il t h e m
s e lv e s o f t h e b e n c lit s o f t h e p la n .
P o l i c y .— T h e p o lic y a d o p t e d o v e r a y e a r a g o o f e lim in a t in g u n p r o fita b le
p la n t s , In s ta llin g m o d e r n m a c h in e r y in o t h e r s , a n d e r e c tin g t h e la r g e n e w
p la n t a t B u f la lo , h a s b e e n s t e a d i ly p u r s u e d .
I t h a s n e c e s s a r ily a ffe c te d
a d v e r s e ly t h e e a r n in g s o f t h e la s t fiscal y e a r b y s u s p e n d in g or c u r ta ilin g
m a n u f a c t u r in g o p e r a tio n s In c e r ta in lo c a tio n s w h ile th e c o n t e m p la t e d a l t e r a
tio n s w e re b e in g m a d e ; b u t w ith t h e c o m p le t io n o f t h e B u ff a lo p la n t a n d
t h e o p e r a tio n o f t h e Im p r o v e d p la n t s , y o u r d ir e c to r s are h o p e fu l t h a t a
g r a t if y i n g In c re a se In n e t e a r n in g s w ill r e s u lt.
IN C O M E
ACCOU N T FOR
E N D IN G
1 9 0 4 -0 5 .
1 9 0 3 -0 4 .
1 9 0 2 -0 3 .
$
$
$
,5 2 6
7 6 7 ,4 4 4
,3 6 0
,9 5 3
,561
2 0 5 ,5 0 0
6 1 ,9 2 0
2 2 ,3 5 0
0 5 ,3 8 2
4 9 8 ,3 6 0
2 ,7 0 1
2 1 7 ,5 2 1
6 1 ,0 0 7
1 8 ,4 7 1
8 1 ,4 9 5
8 8 6 ,5 6 8
8 ,0 4 3
2 3 2 ,3 3 9
6 7 ,5 1 8
6 3 ,3 0 1
1 0 4 ,8 7 5
T o t a l d e d u c t io n s ________ _______ _______ 3 5 0 ,8 7 4
N e t s u r p lu s __________________________________ 2 5 5 ,6 5 2
3 5 5 ,1 5 2
4 1 2 ,2 9 2
3 8 1 ,8 4 5
1 1 6 ,5 1 5
4 7 6 ,0 7 7
4 1 0 ,4 9 1
5
P r o fit o n m a l t , b a r le y a n d o th e r p r o
d u c ts m a n u f a c t u r e d a n d d e a lt In.
In c lu d in g
in te r e s t
on
s e c u r itie s
o w n e d , lo a n s a n d b a la n c e s ___________ 6 0 6
D e d u c t — f n t . o n u n d e r ly in g m t g e s ___
in t e r e s t o n m o r t g a g e b o n d s --------------- 2 0 1
T a x e s _____________________________________ 62
D e p r e c ’ n & b a d & d o u b t f u l a c c ts .. _
B e t t e r m e n t s a n d m a in t e n a n c e _______ 8 6
AUG.
31.
YEARS
1 9 0 5 -0 0 .
1906.
1 9 05.
1 9 06.
1905.
T
S
Si
A s s e ts —
S
$
P lan ts & good-w ill 2 7 .0 7 3 ,0 0 4 2 6 ,2 9 8 ,7 8 2 j C apital stock , p r e f.1 4 ,4 4 0 ,0 0 0 1 4 ,4 4 0 ,0 0 0
do
do
c o m . 1 4 ,5 0 0 ,0 0 0 1 4 ,5 0 0 ,0 0 0
C o m m on s t o c k ___ 1 ,1 0 0 ,0 0 0
1 ,1 0 0 ,0 0 0
3 ,8 1 0 ,0 0 0
S ecur’s other c o s . .
1 8 ,7 2 5
1 8 ,7 2 5 F irst M . b d s ., 6 % . 3 ,7 1 4 ,0 0 0
9 ,3 9 2
5 ,9 3 5
Cash ______________ 1 ,9 3 6 ,8 9 0
1 ,7 4 1 ,1 4 2 A ccou n ts p a y a b le .
2 9 ,0 6 9
3 1 ,3 0 1
A c c ts. & hills re c . 1 ,7 2 0 ,6 7 7
1 ,3 2 1 ,3 0 7 Accrued ta x e s____
5 5 ,7 1 0
5 7 ,1 5 0
T axe s & Insurance
3 6 ,4 1 2
4 3 ,2 5 3 A c c 'd in t. on bonds
2 0 6 ,6 3 8
2 0 6 ,6 3 8
2 ,5 7 6 ,1 3 6 R eserve funds------In v e n to r ie s _______ 1 ,4 3 1 ,7 3 5
8 3 5 ,6 3 4
5 7 9 ,9 8 2
B onds purchased .
3 7 9 ,0 0 0
3 8 5 ,0 0 0 Profit and loss____
Sinking fu n d -------------------1 0 1 ,6 6 2
M tges. on real e s t .
9 4 ,0 0 0
4 5 ,0 0 0
GENERAL
$50,000,000, to provide for double-tracking and other im
provem ents, purchase of equipm ent, &c.
N e w S u b s id ia r y L i n e . — The Evansville Mt. Carmel &
Northern has been incorporated to build the com pany's new
branch from Evansville, In d ., north to a connection with
the C. C. C. & St. L. at Mt. Carmel, 111., about 35 miles,
including a steel bridge 1.200 feet long over the W ashington
R iver. W. C. Brown, Senior Vice-President of the New Y ork
Central & Hudson R iver, is President. Compare V. 83,
p. 817.
Connecticut Railway & Lighting Co.— See United Gas Im
provem ent Co. under “ Industrials” b elow .— V. 83, p. 969,
818.
Evansville Mount Carmel & Northern Ry.— N ev j
C O N D E N S E D B A L A N C E S H E E T A U G . 31.
T o t a l ..................... 3 3 ,7 9 0 ,4 4 3 3 3 ,6 3 1 ,0 0 6 1
— V . 8 3 , p- 4 94.
[ V O L . L X X X I11 .
T o t a l ...................... 3 3 ,7 9 0 ,4 4 3 3 3 ,6 3 1 ,0 0 6
IN V E ST M E N T
NEWS.
L i n e .—
See Cleveland Cincinnati Chicago & St. Louis R y . above.
Honesdale & Hawley (Electric) Ry. Co., Pennsylvania.—
M o r t g a g e . — This
com pany has made a mortgage to the W y
om ing Valley Trust Co. of W ilkes-Barre, as trustee, to secure$400,000 5 % gold bonds of $500 each. Construction, it is
said, is going on rapidly.
T h e c o m p a n y w a s I n c o r p o r a te d in P e n n s y lv a n ia in 1 9 0 5 .
T h e bonds
are d a t e d A u g . 1 1 9 0 6 a n d m a t u r e A u g . 1 1 9 2 6 . b u t a r e s u b je c t t o c a ll o n
a n d a fte r A u g . 1 1 9 1 1 a t 1 0 5 .
I n t e r e s t p a y a b le a t o f f ic e o f tr u s te e .
Hudson & Manhattan RR.—R e a l E sta te fo r T e r m i n a l .—
This com pany, or interests identified therewith, have pur
chased the Trainor H otel site at the southwest corner of
Sixth A ve. and 33d S t., also the three parcels south of the
Manhattan Theatre, for use in connection with its terminal
at 33d St. The existing leases on the property, it is stated,
will not expire until 1909.
E x t e n s i o n — E lectrica l E q u i p m e n t . — Contracts have been let:
F o r t h e c o n s tr u c tio n o f t h e 6 t h A v e .' S u b w a y e x t e n s i o n f r o m t h e H u d
s o n R iv e r T u n n e l a t 1 2 t h S t . a n d ;6 t h A v e . , u n d e r 6 t h A v e . , t o 6 t h A v e . a n d
3 3 r d S t . , N e w Y o r k C i t y , a b o u t o n e m i le , t o t h e D e g n o n C o n t r a c t i n g C o .
[ T h e c o m p a n y h a s p r a c t i c a lly c o m p le t e d t h e S u b w a y fr o m C h r is to p h e r S t .
a n d t h e N o r t h R iv e r to 9 t h S t . a n d 6 t h A v e . l
F o r th e e le c tr ific a tio n o f th e t u n n e l li n e s , t o t h e G e n e ra l E le c tr ic C o .
RAILROADS, INCLUDING STREET ROADS.
See statement and map on pages 66_and 68 of “ R ailw ay &
Boston & Maine RR.— R e d u c tio n in P a s s e n g e r R a t e s . — The Industrial” S ection.— V. 82, p. 1102.
com pany, it is said, intends on or about Jan. 1 to make
Hudson Valley (Electric) Ry.—L itig a tio n A v e r te d — C on trol
a reduction in passenger rates as follow s: In all territory
south of Bellows Falls, V t., and Concord and Rochester, H e ld b y C . W . M o r s e . — W e have received a typew ritten
N. H ., to a flat tw o-cent basis; on those portions of the statement which says in substance:
s t t h e D e la w a r e & H u d s o n C o . b y C h a r le s I V . M o r s e
road where the rate of fare is now 3 cents a mile, there will be a n Ld itEi.g aCtlai orne n ac eg aJin
o n e s o f N e w Y o r k C i t y , a s jo i n t o w n e r s o f a b o u t $ 3 ,0 0 0 ,0 0 0
a reduction to 2J^ cents, and where it is 3 % cents to 3 cents. c o n v e r tib le b o n d s a n d s t o c k o f t h e H u d s o n V a l l e y R y . C o ., w h ic h , o n th e
c o n v e r s io n o f t h e b o n d s in 1 9 0 8 w o u ld g i v e t h e m a b s o lu t e c o n tr o l o f th e
— V. 83, p. 890, 817.
p r o p e r t y , h a s b e e n a v e r t e d b y t h e D e la w a r e & H u d s o n C o m p a n y ’ s c o m
Brooklyn Rapid Transit Co.— O ffic ia l S ta te m e n t. — A fur p le te a b a n d o n m e n t o f it s c la im a s t o t h e n o n -c o n v e r t ib ili t y o f t h e b o n d s ,
h e p u r c h a s e b y M r M o r s e fr o m M r . J o n e s o f h is h a lf In te r e s t in th e
ther am ount of $2,879,000 first refunding 4 % bonds was saencdu rtitie
s a t a v e r y la r g e p r o fit t o M r . J o n e s .
M r . M o r s e w a s g o v e r n e d in
listed last ■week on the New Y ork Stock Exchange. On a th is a c tio n b y h is d e s ir e , a s a c o n t r o lin g in t e r e s t in t h e H u d s o n N a v ig a t io n
r a tin g s t e a m b o a t lin e s b e t w e e n N e w Y o r k C i t y a n d T r o y a n d
subsequent page we print the statement made to the E x AC lob.,a noyp e(in
w h ic h M r . J o n e s w a s n o t in a n y w a y i n t e r e s t e d ) , t o h a r m o n iz e
change in connection with the listing. The statement shows w h a t p r o m is e d to b e a se r io u s lit ig a t io n a n d r a ilw a y w a r . A s s o le o w n e r
o
f
t
h
e
c
o
n
tr
u d s o n V a l l e y R a i lw a y C o . , M r . M o r s e w ill n o w b e
the purposes to which the bonds heretofore issued have been a b le t o m a ko le oaf rtrhaen gHe m
e n ts te n d in g t o e s ta b lis h h a r m o n io u s r e la tio n s
applied, the total am ount outstanding being $24,921,000. b e tw e e n h is H u d s o n N a v i g a t i o n C o . a n d t h e D e la w a r e & H u d s o n C o .
C o n vertib le C l a u s e .— It is expected that the directors will T h is s e t t le m e n t w ill p r o b a b l y d o a w a y w i t h t h e p r o je c t e d o p p o s it io n
e le c tr ic r a ilw a y In T r o y .— V . 8 3 , p . 2 1 3 .
shortly take action to rescind the convertible clause on all
Indiana Columbus & Eastern Traction Co.— See Springrefunding bonds to be issued hereafter in excess of $25,000,field & Western R y . b elow .— V. 83, p. 626, 380.
000.— V. 83, p. 686, 632.
Kokomo Marion & Western Traction Co.— B o n d s O ffe r e d —
Buffalo Rochester & Pittsburgh Ry.— Q u a r te r ly . — Results
E a r n in g s . — The Meyer-Kiser Bank, Indianapolis, In d ., is
for the three months ending Sept. 30 were:
offering for sale $100,000 of the com pany's first mortgage
N et
O th e r
G ross
3 m o s . to
A ll
B a la n c e
5 % gold bonds dated July 1 1903, due July 1 1933. A
e a rn in g s .
e a rn in g s .
in c o m e.
S ep t. 30—
ch arges.
fo r d lv ’s.
$ 7 9 3 ,8 0 5
$ 1 0 ,8 0 6
1 9 0 6 ______ . $ 2 , 0 3 9 , 6 3 2
$ 4 6 4 ,3 3 2
$ 3 4 0 ,2 7 9
circular says:
. 2 ,3 7 0 ,2 0 6
1 ,1 0 2 ,9 7 2
8 ,6 6 4
1 9 0 5 ______
—-V . 8 3 , p. 968,
4 5 7 ,1 2 4
6 5 4 ,5 1 2
320.
Canadian Pacific Railway.—B o n d I s s u e . — This com pany
announces its intention to apply to the Parliament of
Canada at its next session “ for an A ct extending its power
to issue bonds in respect of its T oronto-S udbury branch to
an am ount not exceeding $35,000 per mile th ereof.” — V. 83,
p. 966, 890.
Chicago & Alton RR.—E q u ip m e n t
T r u s t C er tifica tes O ffered .
— Spencer Trask & C o., New Y ork City, are offering at prices
to net the investor 5 % interest the unsold portion of an issue
of $2,260,000 Chicago & A lton Equipm ent Association
series “ D ” 4 % serial gold certificates of $1,000 each, guaran
teed b y the Chicago & Alton R R . Co. A circular says:
D a te d June 1 1 9 0 6 .
P a y a b le s e m i -a n n u a ll y in e q u a l I n s t a llm e n t s o f
$ 1 1 3 , 0 0 0 , fr o m D e c . 1 1 9 0 6 to J u n e 1 1 9 1 6 , b o t h In c lu s iv e .
In terest p a y
a b le J u n e 1 a n d D e c . 1 in r e g is te r e d f o r m .
M e r c a n tile T r u s t C o . , N e w Y o r k ,
tru ste e .
E a c h c e r tific a te is e n d o r s e d a s f o llo w s :
“ F o r v a lu e r e c e iv e d th e
C h ic a g o & A l t o n R R . C o . h e r e b y g u a r a n te e s t h e h o ld e r o f t h e w ith in c e r
t ific a te t h e p a y m e n t o f t h e p r in c ip a l t h e r e o f a n d t h e in t e r e s t t h e r e o n as
t h e s a m e m a t u r e s a n d f a lls d u e .”
Is s u e d t o p a y fo r p a r t o f t h e c o s t : 1 0 h e a v y c o n s o lid a tio n lo c o m o t iv e s
5 A t l a n t i c t y p e l o c o m o t iv e s : 1 0 s w itc h in g lo c o m o t iv e s ; 1 ,3 0 0 8 0 ,0 0 0 lb s .
c a p a c i t y b o x c a r s; 3 0 0 8 0 ,0 0 0 l b s . c a p a c i t y fla t c a r s; 3 0 0 8 0 ,0 0 0 lb s . c a p a c i t y
s t o c k c a r s ; 1 0 0 6 0 ,0 0 0 l b s . c a p a c i t y f u r n itu r e c a rs — V . 8 3 , p . 8 1 7 , 8 1 3 .
Chicago & North Western Ry.—P r e s id e n t’s S ta tem en t as
to N e w S tock A u th o r iz e d . — Regarding the recent increase in
the authorized issue of capital stock, President H ughitt was
quoted as saying in substance:
N o n e w s t o c k w ill h e is s u e d a t th is t i m e o r in t h e n e a r f u t u r e .
I s ta te d
r ig h t a lo n g t h a t n o n e w Issu e w a s c o n t e m p la t e d , b u t I d id n o t s a y n o
a d d i t io n a l s t o c k w o u ld b e a u t h o r i z e d .
T h e c o u n t r y Is g r o w in g a n d w e m u s t
k e e p p a c e w it h I t .
T h e n e w s t o c k c a n b e d r a w n u p o n fo r f u t u r e n e e d s
T h e r e Is n o t r a n s -c o n t i n e n t a l lin e b e in g c o n s id e r e d .
N o p art o f th e n ew
s t o c k w ill b e u s e d f o r t h e p r o p o s e d d e p o t in C h ic a g o .— V . 8 3 , p . 1 0 3 7 , 9 6 9 .
Chicago Subway Co.—L e a s e . — Martin W . Littleton of
New Y ork on O ct. 30 inform ed the Chicago City authorities
that a syndicate stands ready to lease and develop the tele
phone system of the Chicago Subway C o.— V. 83, p. 817, 379.
Cleveland Cincinnati Chicago & St. Louis Ry.—N e w
S to c k . — The shareholders on W ednesday ratified the prop o
sition to increase the com m on stock from $40,000,000 to
C a p ita liz a tio n :
P r e fe r r e d s t o c k (p a r v a lu e $ 1 0 0 ) , $ 1 0 0 ,0 0 0 ; c o m m o n
s t o c k (p a r v a lu e $ 1 0 0 ) , $ 1 ,0 0 0 ,0 0 0 ; K o k o m o M a r i o n & W e s t e r n 5 s , $ 1 , 0 0 0 , 0 0 0 , o f w h ic h $ 2 5 0 ,0 0 0 r e s e r v e d t o t a k e u p a n d r e tir e $ 2 5 0 ,0 0 0 K o k o m o
R a i lw a y & L ig h t 5 s .
E a r n in g s n in e m o n t h s , 1 9 0 6 ;
G r o s s , $ 1 2 2 ,9 3 9 : e x p e n s e s , in c lu d in g
r e p a ir s , $ 6 3 ,0 0 9 ; n e t e a r n in g s , $ 5 9 ,9 3 0 : in te r e s t o n b o n d s , n in e m o n t h s
$ 3 7 ,5 0 0 ; n e t o v e r a ll c h a r g e s , n in e m o n t h s , $ 2 2 , 4 3 0 , — V . 8 1 , p . 1 5 5 .
Lake Shore Electric Ry., Cleveland.—G u a ra n teed
O ffe r e d . — See
Sandusky
— V. 83, p. 95.
Frem ont
&
Bonds
Southern R y . below .
Louisiana Railway & Navigation Co.—L a s t
S p ik e D riv en .
— The last rail was laid on the extension of 79 miles from
Baton Rouge to Neiv Orleans on Oct. 25, and the main line
now extends from New Orleans to Shreveport, 301 miles,
except for the break in the road wdiere it crosses the Mis
sissippi River at Angola. Several m onths will elapse, it is
supposed, before through service is installed. Considerable
real estate, it is said, has been acquired in Newr Orleans for
freight and passenger term inals.— Y. 77, p. 769.
Manhattan Railway, New York.— A p p lic a ti o n to L i s t .—
The New Y ork Stock Exchange has been requested to list
$4,800,000 additional capital stock, making the total listed
$60,000,000. Compare V. 83, p. 1037; 970.
Mexico Oaxaca & Yucatan Ry,— N e w P r o j e c t . — This cotal
pany has been incorporated in Maine with a nominal capim of $1,000,000. It is proposed to construct a railroad ex
tending from the City of M exico southeast to Oaxaca, 250
miles, thence east to Santa Lucretia on the Tehuantepec
National R R ., and thence northeast through the States of
Chiapas, Tabasco and Campeche to Merida, the capital of
Yucatan, situated about 30 miles from the Gulf of M exico.
The total length of the proposed road is about 1,000 miles,
and, including branches (one extending from Conception to
Belize, British H onduras), will aggregate 1,300 miles.
The first construction wall be from Oaxaca to Santa Lucretia,
about 200 miles. On the line from the city of O axaca to
Merida, 750 miles, the M exican Governm ent has agreed to
pay a subsidy of $12,800 gold per mile in cash and $2,400
gold per mile in grants of public lands. Negotiations are in
jSTov.
3 1906.!
THE CHRONICLE
progress to acquire the San Rafael & A tlixco, a narrowgauge road running from the City of Mexico south to A tlixco,
108 miles, which is to be made standard gauge. Fifty-year
first mortgage 5 % bonds have been authorized to be issued
at the rate of $20,000 per kilometer. The President of the
com pany is W . G. Seaver; R . C. Fraser, 10 Wall St., New
York, is Secretary; Watson <fc Raym ond, 10 Wall St., Counsel.
Mobile & Ohio R R .— R e p o r t. — The results for
ending June 30 were:
F is c a l
G ross
N et
O th er
Y ea r—
E a r n in g s .
E a rn in g s.
In com e.
1 9 0 5 -0 6 . . 5 9 , 4 4 5 , 9 2 8 $ 2 ,9 0 0 ,4 9 3 5 1 2 4 ,8 1 0
1 9 0 4 - 0 5 . . . 8 ,2 6 7 .6 0 2
2 ,6 1 6 ,7 1 6
1 2 7 ,3 3 6
1099
Sandusky Fremont & Southern (Electric) Railway.—
New
Haven, Conn., are offering at par and interest $500,000
first mortgage 30-year 5 % gold bonds dated July 1 1906 and
due July 1 1936, without option of prior redemption. De
nomination $1,000. Interest payable Jan. 1 and July 1
in New York. Citizens' Savings & Trust Co., Cleveland,
the year trustee. Guaranteed principal and interest by endorsement
byr Lake Shore Electric Railway. A circular says in sub
stance:
B a la n c e
F ix e d
C a r tr u s ts .
C h a rg es,
i m p . .e tc . f o r S t o c k .
$ 1 ,8 1 5 ,4 8 5 5 7 1 6 ,1 2 8 $ 4 9 3 ,6 9 0
1 ,7 5 4 ,7 2 5
5 8 1 ,2 3 2
4 0 8 ,0 9 5
From the balance as above were paid dividends amounting
to §301,030 (5 % ) in 1905-06, against S2-12,824 ( 4 % ) in
1904-05, leaving a balance of $192,660 in 1905-06, against
$165,271 in 1904-05.— V. S2, p. 568.
Nashville Railway & Light Co.— N e w S e c u r itie s. — To com
ply with some legal requirements, the shareholders will vote
again Nov. 10 on the proposition to make a new mortgage
for $15,000,000; also to sell treasury stock amounting to
$500,000 of common and an equal amount of preferred.
Compare V. 83, p. 156, 213, 324.
New York New Haven & Hartford RR.— Stock in Trust.—
J o in t G u a ra n ty— O fficial Statem ent as to N e w E n g la n d I n
vestm ent & S ecu rity C o . — See Worcester Railways & Invest
ment Co. below.
E xch a n ge o f S to c k . — See Pawtuxet Valley R R . below.
N e g o tia tio n s. — See United Gas Improvement Co. under
"Industrials” below .— V. 83, p. 1037, 970.
O fferin g o f G uaranteed B on d s. — Lomas & Nettleton,
T h e S a n d u s k y F r e m o n t & S o u th e r n R y . C o . is a n O h io c o r p o r a tio n , o r
g a n iz e d to b u ild a n d o p e r a te an e le ctric ro a d fro m S a n d u s k y to F r e m o n t,
( ) . ; fro m F r e m o n t to F o s to r la , O .. a n d fro m F r e m o n t to T i f f i n . O .
The
b o n d s olle re d are se c u re d b y th e line b e tw e e n S a n d u s k y a n d F r e m o n t (21
m ile s ) , th e o th e r lines m e n tio n e d to b e b u ilt In th e n e ar fu tu r e .
A ll o f
the s to c k ( $ 2 ,0 0 0 ,0 0 0 ) is o w n e d b y th e L a k e S h o re E le c tric R a ilw a y
B o n d s a u th o rize d $ 2 ,0 0 0 ,0 0 0 ; issu ed $ 5 0 0 ,0 0 0 - ttie re m a in d e r o f the b o n d s
m a y be issu e d u n d er c a re fu lly g u a r d e d re str ic tio n s to co v e r th e a d d itio n a l
p ro p e rty w h ic h th e c o m p a n y p ro p o se s to b u ild in th e near fu tu re .
t ,
T h e c o m p a n y o w n s o u tr ig h t its r i g h t -o f -w a y , o u ts id e o f th e c itie s , b e
tw e e n S a n d u s k y a n d F r e m o n t (th e e n tra n c e in to th e te r m in a l citie s b e in g
o v e r th e L a k e S h o re E le c tric R a i l w a y ) , a n d it se rve s d ir e c tly a p o p u la tio n
e x c e e d in g 5 0 ,0 0 0 .
I t also fo rm s a c o n n e c tin g lin k fo r se ve ra l lines o f
th rou gh tr a ffic , as fo llo w s :
C in c in n a ti a n d In d ia n a p o lis to C le v e la n d ,
v ia L im a , F r e m o n t a n d S a n d u s k y ; C le v e la n d a n d S a n d u s k y to T o le d o ;
C o lu m b u s to T o le d o a n d S a n d u s k y , v ia M a r io n , B u c y r u s a u d T if fi n (th e
line b e tw e e n B u c y r u s a u d T iffin is p r o p o s e d ).
F r o m F r e m o n t th e th r e e
lines o f th e S a n d u s k y F r e m o n t & S o u th e r n R a ilw a y w ill b e o f a b o u t th e
s a m e m ile a g e .
A ll o f th e s e lines c a n b e e c o n o m ic a lly o p e r a te d fro m th e
p o w e r s ta tio n o f th e L a k e S h o re E le c tr ic R a ilw a y a t F r e m o n t.
T h e earn
in gs o f th e L a k e S h o re E le c tric R a ilw a y b e tw e e n S a n d u s k y a n d F r e m o n t
a n d S a n d u s k y a n d T o le d o are, a lr e a d y d e m o n s tr a te d b y sa les o f tic k e ts
from th o se s ta tio n s to be s u ffic ie n t to p a y th e in te re st on th e s e b o n d s ,
w h ile th e o p e r a tio n h a s b e e n v i a a r o u n d a b o u t w a y 7 4 m ile s .
T h e con
stru c tio n o f th e d ire ct line b e tw e e n S a n d u s k y a n d F r e m o n t w ill re d u c e th e
d ista n c e b e tw e e n S a n d u s k y a u d T o le d o b y 2 3 m ile s a n d re d u c e th e r u n n in g
tim e fro m 4 h o u rs to 2 h o u rs.
T h e L a k e S h o re E le c tric R a ilw a y c o m p rise s 1 9 4 m ile s o f e le ctric ra ilw a y
lin e s , o v e r o n e -h a lf on p r iv a te rig h t o f w a y , a n d its c a p ita liz a tio n c o n sists o f
c o m m o n s t o c k , $ 4 ,5 0 0 ,0 0 0 ; p re fe rre d s to c k , $ 3 ,0 0 0 0 0 0 ; to ta l b o n d e d d e b t .
$ 4 ,9 0 8 ,0 0 0 .
F o r th e y e a r e n d in g J u ly 31 1 9 0 6 th e g ro ss ea rn in g s w e re
$ 8 4 7 ,3 0 4 ; n e t e a rn in g s, $ 3 8 5 ,6 1 4 : b o n d in te r e s t. $ 2 4 4 ,8 7 4 ; s u r p lu s , a v a il
a b le for In terest ( $ 2 5 ,0 0 0 ) on S a n d u s k y F r e m o n t & S o u th e rn R y . b o n d s ,
$ 1 4 0 ,7 4 0 .
B y c a le n d a r y e a rs th e gross ea rn in g s h a v e b e e n as fo llo w s :
1 9 0 1 , $ 3 5 8 ,1 8 1 ; 1 9 0 2 , $ 4 6 6 ,0 5 1 , in crease 3 0 . 0 1 % ; 1 9 0 3 , $ 6 1 6 ,4 8 4 , in crease
3 2 . 2 8 % ; 1 9 0 4 , $ 6 5 9 ,8 7 3 , Increase 7 . 0 3 % ; 1 9 0 5 , $ 7 8 8 ,2 6 8 , In crease 1 9 . 4 5 % ;
first s e v e n m o n th s o f 1 9 0 6 , $ 4 7 3 ,3 1 3 , Increase 1 4 . 7 3 % . — V . 8 3 , p . 9 7 .
Norfolk & Portsmouth Traction Co.— B o n d s O ffered .—
Chandler Brothers & Co., Philadelphia, and their corre
spondent, A. Studley Hart, Providence, are offering at 98
and interest a block of first mortgage 5 % gold bonds of $1,000
each, dated May 10 1906 and due June 1 1936, but subject
to call for payment at 110 and interest on any interest day.
South & Western Ry.— D escrip tive A r tic le s . — The “ Rail
Interest payable June 1 and Dec. 1. Trust Company of way A ge” in its issues of Oct. 19 and Oct. 26 has illustrated
North America, Philadelphia, trustee. Total authorized articles regarding this enterprise.
issue, $8,000,000; present authorized issue, $3,500,000
N e w L i n e . — A press dispatch to the “ Louisville Courier
(issued for the retirement of all underlying bonds and other Journal” from Barbourville, K y ., on Oct. 26 says:
corporate purposes, $2,000,000; for extensions and improve
G e o rg e L . C a rte r a n d a s s o c ia te s , ow n ers o f th e S o u th & W e s t e r n R y . .
ments now under contract, S I,500,000); reserved for acqui h a v e o rg a n ize d th e E lk h o r n V a l le y R R . T h e n e w ro a d has b e e n s u r v e y e d
a n d fin a n c ed .
w ill b e g in a t E lk h o r n C i t y , P ik e C o u n t y , a n d p ro ce e d
sitions, extensions and improvements, $4,500,000, but not th r o u g h th e c o aIl t an
d tim b e r fields o f D ic k in so n a n d B u c h a n a n c o u n t ie s ,
over $500,000 m aybe issued in any one year,and then at not V ir g in ia . 5 0 m ile s . In K e n t u c k y It- w ill c o n n e c t w ith th e C h e sa p e a k e &
O h io a n d In V ir g in ia w ill jo in th e S o u th & W e s t e r n .— V . 8 3 , p. 3 8 0 . 1 5 6 .
less than 90% and under carefully guarded restrictions.
See page 73 of ‘ ‘ Street Railway Section.” — V. 83, p. 492, 156.
Springfield & Western (Electric) Ry.— Sold.— At the re
ceiver’s sale at Springfield. O., on Oct. 1, this property,, the
Northampton & Hertford R R . — Sale N o v . 1 2 . — This road, last
of the Appleyard enterprises, was purchased for $25,000,
extending from Bumbery to Jackson, N. C., 9 miles, together
with a tract of timber land and mill plant,will be sold un the upset price, by A. FI. Locke of Boston, representing
Kesley Schoepf, President of the Indiana Columbus <fe East
der order of court in Jackson, N. C., Nov. 12.
ern Traction Co.— V. 83, p. 493, 39.
Northern Pacific R y .— A c q u is itio n .-.—See Port Angeles &
Toledo & Western (Electric) Ry.— Sale D e c . 5 .— The fore
Peninsular R R . below.
closure sale of this company has been set for Dec. 5 at
R e p o r t .— See “ Annual Reports” on a preceding page.---V.
Sylvania, O.— V. 83, p. 563, 493.
83, p. 886.
Wabash RR.— C om m ittee Calls fo r D e p o sit o f D eben tu re
Ohio River & Western R y .— N e w S ecu rities— Change of B o n d s U n d er T erm s of P l a n . — The committee for the deben
G a u g e . — The shareholders will meet at the com pany's office ture “ B ” bonds, consisting of Henry Evans, Henry Iv.
in Woodsfield, Monroe County, O., on Dec. 3 to vote upon Pomroy and George M. Cumming, with David Rum.sey as
the following proposition:
Secretary, announces by advertisement on another page
1 . T o in crease th e a u th o r iz e d c a p ita l s to c k fr o m $ 1 .2 0 0 ,0 0 0 to $ 4 ,0 0 0 ,0 0 0
of this issue that at a special meeting of the stockholders
:o r th e p u r p o se o f c h a n g in g th e g a u g e o f th e r o a d to s ta n d a r d , to b u ild an d
and debenture mortgage bondholders held on Oct. 22,
e q u ip e x te n s io n s , to in crease th e ro llin g s t o c k , a n d for o th e r p u rp o se s
2 . T o issu e 5 % b o n d s n o t e x c e e d in g th e s u m o f $ 4 ,0 0 0 ,0 0 0 , to b e se
the plan was duly approved, about 90% of all outstanding
cured b y m o r tg a g e or d e e d o f tr u s t.
debenture mortgage bonds voting in favor of its adoption
T h e o ffic ia l n o tic e is s ig n e d b y D ir e c to rs S . D . M o o n e y , W . G . M o o n e y ,
F ra n k L . M o o n e y , W . E . M a llo r y , E W . A r m s t r o n g , T . A . W e ls h an d
without any dissenting votes. The committee believes that
P h ilip S c h u m a c h e r J r .— V . 8 2 , p . 4 5 3 .
the plan secures to debenture mortgage bondholders a most
P aw tuxet Valley R R . — E xch a n g e o f S to c k . — The “ Provi desirable result, extending their lien over the entire
dence Journal” of Oct. 30 states that the $100,900 7 % stock property and affording to them as stockholders an interest
o f this leased line of the New Haven system is being ex in the surplus revenues, as well as in the future development
changed at the Rhode Island Hospital Trust Co., dollar for of the property through the application of resources pro
dollar, for stock of the New York New' Haven & Hartford R R . vided by the new bonds. The committee therefore urges the
Pennsylvania R R .— D iv id en d In c r e a se d . — The directors on holders of both debenture “ A ” and debenture “ B ” bonds
Thursday declared a semi-annual dividend of 3J^% , payable to deposit their bonds on or before Nov. 30 with the United
Nov. 30 to holders of record Nov. 5. This places the stock States Mortgage & Trust Co., 55 Cedar St.. New York,
under the terms of the plan.
on a 7 % basis, contrasting with—
The directors having decided to dispense with under
Y e a r . . '8 4 . '8 5 . '8 6 . '8 7 . '8 8 . '8 9 . '9 0 . '9 1 . '9 2 . '9 3 - 9 9 . 1 9 0 0 to M a y '0 6 .
P 'r G ' t .
7
5
5
5H
5
5
5 H 6
6 5 y ’ ly
6 % y e a r ly .
writing the securities to be exchanged for the debentures,
In 1 8 9 3 p aid also 2 % In s c r ip .— V . 8 3 . p . 8 9 1 , 6 2 6 .
the holders of said debentures are entitled to new securities
Port Angeles & Peninsular R R .— S old to N orth ern P a c ific . as follows, as stated in plan in V. 83, p. 626:
— Official confirmation has been obtained of the report re
F o r each $ 1 ,0 0 0 , p a r v a lu e , o f d e b e n tu r e m o r tg a g e b o n d s . S eries A ,
cently in circulation that the control of this enterprise has w ill b e g iv e n $ 7 9 5 n e w b o n d s ; $ 5 8 0 p refe rre d s to c k a n d $ 5 8 0 c o m m o n
s to c k .
passed to the Northern Pacific Railway Co.
F or each $ 1 ,0 0 0 d e b e n tu re m o r tg a g e b o n d s , S eries B : $ 7 2 0 n ew b o n d s ,
T h e c o m p a n y w as o rg a n ize d to b u ild a 1 2 5 -m ile ro a d e x te n d in g from
Q u llla y u te , W a - h . . near th e P a clllc O c e a n , v ia P o r t A n g e le s , to P o r t L u d
lo w , w h en ce b y ferries trains c o u ld be carried 3 5 m ile s to S e a ttle a n d 2 6
m ile-; to E v e r e t t .
T h e port A n g e le s & O ly m p ia (a lso p u r ch a se d b y th e
N o r th e rn P acific/ w as to b uild so u th e r ly from J u n c tio n C ity to O ly m p i a .
9 7 m ile s.
T h e tw o lines a n d th eir b ran ch e s w o u ld o p e n up e x te n s iv e tra cts
o f lu m b e r .
Portland & Seattle R y .— See remarks of President Elliott
of Northern Pacific Ry. Co. on a subsequent page of this
issue and compare V. 81, p. 1101.
Qu’Appelle Long Lake & Saskatchewan Railroad & Steam
boat Co. — N e w S ecu rities R e a d y . — The Canadian Northern
Ry. Co. gives notice that it is prepared at its London office
to accept the bearer receipts issued on behalf of the bond
holders’ committee by Chaplin, Milne, Grenfell & Co., in
respect of the 6 % bonds and the scrip certificates, and to
exchange the same for 4 % mortgage debenture stock guar
anteed by the Canadian Northern R y . Co., per plan in V. 83,
p. 324, 688, 1037.
$ 5 2 0 preferred s to c k a n d $ 5 2 0 c o m m o n s to c k .
T h e n ew b o n d s w ill b e a r Interest fro m J u ly 1 1 9 0 6 .
The company may elect 1o declare the deal off if 95%
of the debentures are not deposited by Dec. 31.— V. 83,
p. 1038, 975.
W est
Chicago Street Railroad Tunnel Co . — D ep o sits
view of the pending litigation affecting (lie
Chicago Union Traction Co. and its dependencies, to which
reference was made last week in the official notice to the
bondholders of the Chicago Passenger R y. (p. 10371. a pro
tective committee, consisting o f—
Called f o r . — In
W illia m A . M a s o n , o f M a s o n , L e w i s & C o . .[C lile ag o a n d B o s to n : A lp h e ll
G . R o g e r s . T re a su r e r M a in e S a v in g s B a n k , P o r t la n d . M a in e ; .John W .
H a m e r . M a n a g e r L o a n D e p a r t m e n t P e n n M u tu a l L ife In su ra n e e C o .,
P h lla d le p h la :
calls for the deposits of the bonds of this company with the
Illinois Trust <fc Savings Bank, Chicago, under the terms of
a protective agreement.— V. 83, p. 689.
LI 00
Worcester (Mass.) Railways & Investment Co.—
O ffe r to
M i n o r i t y S h a r e h o ld e r s .— Mackay
& C o., New Y ork and Bos
ton, during the past year have purchased a m ajority interest
in the shares of this com pany, which shares have been ex
changed for the 4 % preferred shares of the New England
Investm ent & Security Co., and the firm is now offering the
m inority interests the privilege of exchange:
F o r e a c h 2 0 sh a re s o f th e W o r c e s t e r C o m p a n y t h e h o ld e r w ill b e e n t it le d
t o r e c e iv e 21 s h a r e s o f N e w E n g la n d C o m p a n y p r e fe r r e d s t o c k (d iv id e n d s
t o b e a d ju s t e d ) u p o n p r e s e n t a t io n o f th e ir c e r tific a te s , d u ly e n d o r s e d In
b la n k , o n a n d a f t e r N o v . 1 1 9 0 6 , a t t h e o ffic e o f th e O ld C o lo n y T r u s t C o .,
A m e s B u ild i n g , B o s t o n , M a s s .
T h e h o ld e r s o f s h a r e s n o t m u lt i p le s o f 2 0
m a y a d j u s t th e ir sh a r e s b y t h e p u r c h a s e o f a s u ffic ie n t a m o u n t to m a k e
w h o le sh a r e s o r th e s a le o f t h e fr a c t i o n a c c ru in g ’ t o t h e m
a t th e r a te o f
$ 1 0 0 fo r e a c h p r e fe r r e d sh a r e o f t h e N e w E n g la n d C o m p a n y .
I t Is n e c e s
s a r y t h a t t h e sh a re s s h o u ld b e e x c h a n g e d a t o n c e , o r , In a n y e v e n t , b e fo r e
D ec. 1 1906.
The preferred shares offered in exchange are entitled to
cum ulative dividends at the rate of 4 % per annum, payable
January and July 1 in each year. These dividends and $105
per share and accrued dividend in the event of liquidation
are guaranteed by endorsement b y the Consolidated Railway
Co. of Connecticut, and are further protected b y a threeparty agreement between the New England Investm ent &
Security Co., the Consolidated Railw ay Co. and the New
Y ork New Haven & H artford R R ., w hich, according to the
opinion of the firm ’s counsel, Solom on Lincoln of Boston,
“ amounts in effect to an obligation of the New Y'ork New
Haven & H artford R R ., and as such has priority over any
dividends of that railroad to its stockholders.” The security
afforded b y this guaranty, in addition to that derived from
the securities in trust (see list below ), is expected to give the
preferred stock a wider and more ready market at a better
price than could be com m anded b y an obscure local security.
A b stra ct o f O p in io n o f S o lo m o n L in c o ln , E s q ., o f B o s to n . M a s s ., J u ly 2 1 9 0 6 .
* ■T h e N e w E n g la n d I n v e s t m e n t & S e c u r i t y C o . is a v o l u n t a r y a s s o c ia tio n
r e c e n t ly f o r m e d .
( V . 8 3 , p . 4 9 2 .)
T h e a g r e e m e n t a n d d e c la r a t io n o f
tr u st b ears d a te J u n e 25 1 9 0 6 .
B y t h e t e r m s o f t h is in s t r u m e n t t h e p r e
fe r r e d s t o c k is e n t it le d t o c u m u la t i v e d iv id e n d s a t t h e r a t e o f 4 % p e r a n
n u m , p a y a b le J a n . 1 a n d J u ly 1 .
T h e p r e fe r r e d s t o c k m a y b e c a lle d a n d
p a id o ff a t $ 1 0 5 a s h a r e , t o g e t h e r w it h a c c r u e d a n d u n p a id d iv id e n d s a n d
In te r e st th e r e o n u p o n a n y d iv id e n d d a y o n or a f t e r J a n . 1 1 9 0 7 .
It m ay
a ls o b e c a lle d as a n e n t ir e t y a t t h e s a m e r a t e In c a s e o f li q u id a t i o n .
P ay
m e n t o f t h e 4 % c u m u la t i v e d iv id e n d s a n d o f $ 1 0 5 a s h a r e u p o n c a ll or in
liq u id a t io n is g u a r a n te e d b y t h e C o n s o lid a te d R a i l w a y C o ., a c o r p o r a tio n
c h a r te r e d u n d e r t h e la w s o f C o n n e c t ic u t : a n d t h e N e w Y o r k N e w H a v e n
& H a r t f o r d R R . C o . a g re e s t o i n d e m n i f y t h e C o n s o lid a te d R a i lw a y C o .
a g a in s t lo ss b y r e a s o n o f th is g u a r a n t y .
T h e p a y m e n t o f th e 4 % c u m u
la t i v e d iv id e n d s a n d o f $ 1 0 5 p e r s h a r e , e ith e r u p o n c a ll or li q u i d a t i o n , a s
a b o v e s t a t e d , th e r e fo r e a m o u n t s in e ffe c t t o a n o b lig a t io n o f t h e N e w Y o r k
N e w H a v e n <& H a r t f o r d R R . C o ., a n d as s u c h h a s p r i o r i t y o v e r a n y d iv i
d e n d s o f t h a t r a ilr o a d t o it s s to c k h o ld e r s .
A b stra ct o f L etter fr o m C . S . M e lle n , P r e s id e n t N e w E n g la n d In v e stm en t &
S e c u r i t y C o . , O c t. 1 6 1 9 0 6 .
T h e N e w E n g la n d I n v e s t m e n t & S e c u r i t y C o . is a v o l u n t a r y a s s o c ia tio n
fo r m e d J u n e 2 5 1 9 0 6 .
T h e tr u s te e s a r e a s f o llo w s :
C h a r le s S , M e lle n ,
N a th a n ie l T h a y e r , C h a r le s F . B r o o k e r , W i l l i a m S k in n e r , R o b e r t W . T a f t ,
E d w in M iln e r a n d D . N e w t o n B a r n e y .
I t h a s o u t s t a n d i n g $ 1 0 ,0 0 0 ,0 0 0 4 %
c u m u la t i v e p r e fe r r e d sh a r e s a n d $ 1 0 ,0 0 0 ,0 0 0 c o m m o n s h a r e s .
I t o w n s in
t r u s t f o r th e b e n e fit o f t h e s h a r e h o ld e r s t h e fo llo w in g s t o c k s a n
s:
---------------------- I n T r u s t . —
N o . S h ares.
B onds.
W o r c 's t e r & S o u t h b r i d g e
S t . R y ________________ 7 ,0 0 0 $ 2 2 4 ,0 0 0 I s t M .
W o r c e s t e r & B la c k s t o n e
V a l l e y S t . R y ________ 2 ,0 0 0
________
W o rc e ste r R y s . & In
v e s t m e n t C o __________ 3 6 ,9 7 1
________
S p r in g fie ld S t r e e t R y .
102
________
S p r in g fie ld R a i lw a y
/5 0 ,0 0 0 )
...............
C o m p a n i e s __________) c o m . j
B e r k s h ir e S t r e e t R y . . 1 3 , 7 8 8
2 0 0 ,0 0 0 5 %
W e s t . M a s s . S t . R y ___ 3 ,0 0 0
...............
H a rtfo rd & W o rc e ste r
S tr e e t R y _____________ 2 ,9 9 7 ( s t o c k rig h ts)
N . Y . N . H . & H a r t . R R . 5 ,0 0 0
- * T o t a l I s s u e d . -----N o . sh a res. B o n d s .
N o tes.
$ 1 4 6 ,3 6 9
7 .0 0 0
$ 7 0 0 ,0 0 0
2 5 7 ,0 7 7
2 .0 0 0
none
3 7 2 ,0 0 0
3 6 6 ,8 8 7
1 3 7 ,5 0 0
7 1 .8 9 8
$ 1 9 ,5 8 4
J 5 0 .0 0 0 c
\ 2 8 ,8 7 9
(?)
3 ,0 0 0
none
1 ,5 0 0 ,0 0 0
o m . _______
p f . _______
1 , 0 0 0 ,0 0 0
2 0 0 ,0 0 0
V . 82, p. 280.
_____
See " R y .& I n d .” sec.
* S u p p lie d , n o t in P r e s id e n t M e lle n ’ s le t t e r .
P r o v is io n is m a d e in it s p r e s e n t c a p it a li z a t i o n fo r t h e a c q u ir e m e n t o f
c e r t a in o th e r s e c u r itie s w h ic h h a v e n o t a s y e t b e e n e x c h a n g e d f o r th e p r e
fe rre d sh a r e s .
T h e c o m p a n y ’ s in t e n t io n is t o a c q u ir e o n ly s e c u r itie s fr o m
w h ic h t h e in c o m e r e a liz e d w ill f u lly m e e t t h e d iv id e n d r e q u ir e m e n t s o f
Its p r e fe r r e d sh a r e s .
O p in io n
of
[V ol, Lxxrra,
TH E CHRONICLE.
J.
H.
B en to n
J r ., C o u n sel o f N ew
fo r d R R . C o .
Y o rk N ew H a v en & H a rt
I n s h o r t , I th in k th e s e p r e fe r r e d sh a re s h a v e , in a d d i t io n t o t h e s e c u r ity
o f t h e p r o p e r t y h e ld u n d e r t h e a g r e e m e n t a n d d e c la r a tio n o f t r u s t u n d e r
w h ic h t h e y a r e is s u e d , a ls o t h e s e c u r it y o f a v a li d g u a r a n t y o f d iv id e n d s
a n d p a y m e n t b y t h e C o n s o lid a te d S tr e e t R a i lw a y C o . a n d b y t h e N e w Y o r k
N e w H a v e n & H a r t f o r d R R . C o . in c a s e o f d e f a u lt in t h e g u a r a n t y o f t h e
C o n s o lid a t e d S tr e e t R a i l w a y .— V . 8 2 , p . 8 7 1 .
INDUSTRIAL, GAS AND MISCELLANEOUS.
Am erican Cement Co.— A c q u is it io n , E t c .— A t a recent
m eeting of the board R ob ert K . Cassatt was elected a
director to succeed the late Alan H . R eed. The directors
also-decided, in view of the increased earnings of the American
Cement Co., to exercise their option of purchasing such of
the com m on stock of the Reliance Cement Co., a subsidiary
com pany of the Am erican, as was not owned b y the latter
com pany. See V. 80, p. 2224; V. 81, p. 1851; V. 82, p .6 2 6 .
An exchange says:
I n th e f o r m a t i o n o f t h e R e lia n c e C o m p a n y , a b o u t o n e - h a lf o f t h e $ 3 0 0 ,0 0 0
p r e fe r r e d s t o c k w e n t t o th e A m e r ic a n C e m e n t C o . a n d th e b a l a n c e , $ 1 5 0 ,0 0 0 ,
t o t h e s u b s c r ib e r s t o t h e s e c u r itie s o f t h e n e w c o m p a n y .
T he com m on
s t o c k w a s d iv id e d in t h e p r o p o r t io n o f $ 2 6 0 ,0 0 0 to t h e A m e r ic a n C e m e n t
C o . fo r its la n d , g u a r a n t ie s , e t c . , w h ile t h e b a la n c e o f $ 2 4 0 ,0 0 0 w e n t to
t h e u n d e r w r ite r s a n d s u b s c r ib e r s .
T h e A m e r ic a n C e m e n t C o . r e s e r v e d
t h e r ig h t t o p u r c h a s e t h is c o m m o n s t o c k o u t s t a n d i n g a t 5 0 % o f p a r d u r in g
th e y e a r 1 9 0 6
a n d a t 6 0 % d u r in g 1 9 0 7 .
T h is w ill g iv e t h e A m e r ic a n
C o m p a n y a ll o f th e c o m m o n s t o c k a n d o n e -h a lf o f t h e p r e fe r r e d s t o c k o f
t h e R e lia n c e C o m p a n y .
R e lia n c e C o m p a n y b o n d s ( $ 6 0 0 ,0 0 0 ) a r e h e ld
b y t h e p u b li c .— V . 8 2 , p . 6 2 6 .
American Ice Securities Co.-— F i r s t
D i v i d e n d .— The di
quarterly dividend o i l % %
rectors have declared an initial
on the $19,004,400 stock, payable Jan. 1 to stockholders of
record D ec. 15. The American Ice Co., about $14,300,000
o f whose preferred stock is ow ned, has declared a dividend
of 9 % thereon, payable Dec. 15, on account of accum ulation
since the last paym ent in April 1902. Compare V . S3, p.
1 03 8 , 820.
American, La France Fire Engine Co., Elmira, N. Y.—
C on cen tra tio n o f P l a n t s .— A
technical paper states:
T h e c o m p a n y h a s d e c id e d to c o n c e n t r a t e a ll o f it s m a n u f a c t u r in g In te r e sts
in E lm ir a , N . Y . , a n d t h e p la n t s a t C in c in n a ti a n d S e n e c a F a lls w ill b e
m o v e d to E lm ir a a s s o o n a s s o m e e x t e n s i v e a lt e r a t i o n s a n d a d d it io n s are
c o m p le t e d .
W h e n th e w o r k is d o n e t h e c o m p a n y w ill h a v e t h e la r g e s t
fire e n g in e a n d fire a p p a r a t u s m a n u f a c t u r in g e s t a b li s h m e n t in th e U n i t e d
S t a t e s , i f n o t in t h e w o r l d .— V . 8 2 , p . 1 3 2 4 .
American Pneumatic Service Co.— G o v ern m en t C o n tr a c ts .—
This com pany and its subsidiaries, it is announced, have
obtained the entire Governm ent contract for the operation
of pneumatic mail tubes on the basis annually o f $17,000
per mile, the total com pensation being reported as follows:
P resen t.
B o s t o n _____________
$ 1 1 0 ,2 4 0
N e w Y o r k ______________________________________________________ 1 1 5 ,1 2 5
B r o o k ly n ________ _____________________________________________
________
1 1 9 ,6 2 5
C h i c a g o ___________________________
S t . L o u i s _______________________________________________
3 2 ,5 4 2
A s In crea sed .
$ 1 1 3 ,0 8 9
4 5 7 ,1 3 0
2 2 ,9 5 0
2 9 4 ,4 7 0
5 4 ,8 2 2
T o t a l _______________________ __________________ _______ ______$ 3 7 7 ,5 3 2
$ 9 4 2 ,4 6 1
The increase in the com pensation is dependent upon the
com pletion o f new mileage, a part of which is under con
struction. The award for New Y ork , including the Borough
of B rooklyn, was given to the New Y ork Pneum atic Service
Co., which see b elow .— V. 83, p. 563, 494.
American Zinc, Lead & Smelting Co., Joplin, M o.— C h a n ge
in C a p ita liz a tio n . — A t the annual m eeting held in Portland,
M e., on W ednesday the shareholders adopted the financial
plan, which provides in substance:
T h a t t h e to ta l c a p it a l s t o c k , $ 2 , 5 0 0 , 0 0 0 , s h a ll b e r e d u c e d t o $ 1 , 2 5 0 , 0 0 0 ,
th e p a r v a lu e o f s in g le s h a re s r e m a in in g $ 2 5 , b u t t h e t r e a s u r y a n d e a c h
s to c k h o ld e r t o h o ld o n e -h a lf a s m a n y s h a re s a s n o w h e ld .
I t is p r o p o s e d
i m m e d i a t e ly a f t e r t h e r e d u c tio n t o o ffe r 1 0 ,0 0 0 o f t h e th e n 2 0 ,0 0 0 t r e a s u r y
s h a re s a t p a r t o t h e s to c k h o ld e r s p r o r a t a .
A s y n d ic a t e h a s a g r e e d to
u n d e r w r ite th is issu e a t p a r , w it h o u t c o m m i s s io n .
T h e r e w ill th e n b e
o u t s t a n d in g $ 1 , 0 0 0 ,0 0 0 s t o c k a n d th e r e w ill r e m a in in t h e tr e a s u r y 1 0 ,0 0 0
sh a re s ( $ 2 5 0 ,0 0 0 ) u n is s u e d .
T h e c o m p a n y w ill b e fr e e d
fr o m
d e b t,
a m o u n t in g O c t . 1 t o $ 1 1 0 ,0 0 0 , a n d h a v e a c a sh w o r k in g c a p it a l o f a p p r o x i
m a t e l y $ 1 4 0 ,0 0 0 .
S o m u c h o f f u t u r e n e t e a r n in g s c a n th e n b e u s e d fo r
d iv id e n d s as t h e d ir e c to r s m a y d e e m a d v is a b le .
S to c k h o ld e r s o f re c o r d O c t . 2 7 a r e a c c o r d in g ly o ffe re d t h e r ig h t t o s u b
sc rib e a t p a r o n o r b e fo r e N o v . 9 t o $ 2 5 0 ,0 0 0 s t o c k , o n e sh a re fo r e v e r y
th r e e s h a re s h e ld , s u b s c r ip t io n s t o b e p a id 5 0 % N o v . 9 a n d t h e r e m a in d e r
D ec. 10.
T h e n e t e a r n in g s , a b o u t $ 1 2 0 ,0 0 0 , fo r t h e y e a r e n d in g O c t . 1 , w e re u s e d
in d e v e lo p m e n t w o r k , In t h e c o n s tr u c tio n o f m ills a n d in t h e p a y m e n t o f
d e b ts.
T h e m a n a g e r r e p o r ts a la rg e a c r e a g e s till u n t e s t e d , a n d ore In s ig h t
s u f fic ie n t t o s u p p l y s e v e r a l m ills fo r s o m e y e a r s .
T h e c o m p a n y o p e r a te s
th r e e m ills , h a s u n d e r c o n s tr u c tio n o n e m i l l , a n d a t le a s t t w o m ills s h o u ld
b e b u ilt a s s o o n a s t r e a s u r y c o n d itio n s w a r r a n t .
Albert G. Holden, President of the United States Coal &
Oil C o., and C. G. R ice were added to the board.
Amyville-Youghiogheny Gas, Coal & Coke Co.— S a le N o v .
20.— Receiver E . D . Riddle will offer this com pany's p rop
erty at public sale in Pittsburgh on N ov. 20. The existing
liens aggregate $49,000.
Arcadian Copper Co.— S a le
o f L a n d — P a y m e n t o f F lo a tin g
D eb t.- —The
shareholders will meet in Jersey City N ov. 19
to vote on selling to the Quincy Mining Co. the 800 acres
acquired from the St. M ary’s Copper Co. Tucker, Hayes &
Co., of B oston, in a circular say in substance:
I t is e s t im a t e d t h a t th e r e a r e f o r t y y e a r s o f life in t h e Q u i n c y m in e a s
it s t a n d s , a n d t h e a c q u is itio n o f t h e a d jo in in g t e r r it o r y , c a r r y in g t h e o u tc r o p
a n d d ip o f its P e w a b ic lo d e fo r n e a r ly t h r e e -q u a r t e r s o f a m i le , a d d s g r e a t ly
t o th e life o f t h e p r o p e r t y .
T h e a d v a n t a g e s a c c r u in g t o A r c a d i a n lie
la r g e ly in t h e e lim in a tio n th r o u g h t h e a b o v e p u r c h a s e o f its f lo a tin g d e b t ,
a m o u n t in g t o b e tw e e n $ 6 0 0 ,0 0 0 a n d $ 8 0 0 ,0 0 0 .
F r e e d fr o m t h is b u r d e n
A r c a d i a n s till h a s 3 2 ,0 0 0 a c re s in t h e h e a r t o f t h e c o p p e r b e l t .
W e u n der
s t a n d t h a t t h e Q u in c y p e o p le a r e t o issu e a s m a ll a m o u n t o f th e ir r e c e n t ly
in cr e a se d c a p it a l t o s to c k h o ld e r s a t a p r ic e w h ie ^ w ill g i v e t h e m a v a lu a b le
r i g h t .— V . 6 7 , p . 7 2 .
Armour Car Lines.— N e w S tock.- — This com pany, operating
refrigerator cars all over the country, on Sept. 27 filed in
New Jersey a certificate of increase of authorized capital
stock from $100,000 to $700,000. Ogden J. Arm our of
Chicago is a director.
Bergner & Engel Brewing Co.—R e p o r t . — For fiscal years
ending Sept. 30:
S a le s
F is c a l Y ea r,
(b a r r e ls ).
1 9 0 5 -0 6
____2 3 9 ,1 6 3
1 9 0 4 - 0 5 _______ 2 2 0 ,2 6 3
N et
P r o fits .
$ 4 2 6 ,1 0 7
3 6 5 ,5 2 9
B ond
In te r e s t.
S 9 0 .0 0 0
9 0 ,0 0 0
D e p r e c ia tio n .
$ 2 9 ,2 6 1
2 9 ,6 6 8
P re f. 8 %
D iv id en d .
$ 1 2 1 ,9 1 2
1 2 1 ,9 1 2
B a la n ce,
S u r p lu s
$ 1 8 4 ,9 3 4
1 2 3 ,9 4 9
The $155,000 bills payable were liquidated during the year,
freeing the com pany from floating debt. Total surplus
Sept. 30 1906 $582,607. Compare V. 81, p. 1608.
Brooklyn Ferry Co.— T im e fo r D e p o s its E x t e n d e d . — The
bondholders’ com m ittee, Charles T. Barney, Chairman, has
extended the time for the deposit of bonds with the K nicker
bocker Trust Co. to Dec. 1, after which date no bonds will
be accepted except at the discretion of the com m ittee.— V.
83, p. 971, 892.
Calumet & Arizona Mining Co.— D iv id e n d I n c r e a s e . — The
directors have declared a quarterly dividend of 4 0% ($4 per
share) on the $2,000,000 stock, payable Dec. 20 to stock
holders of record D ec. 5, contrasting with 3 5 % declared in
August, 3 0 % six-m onths ago and 2 5 % nine m onths ago.
See V. 83, p. 438.
Century Realty Co., New York.-—E x tr a D i v i d e n d . — The
directors on O ct. 30 declared the regular semi-annual divi
dend of 4 % and an extra dividend of 1 % , payable on
O ct. 31 to stockholders of record O ct. 30.— Y. 81, p. 1794.
Chesapeake & Delaware Canal Co.— N e w
P r e s id e n t. —
Coleman L. Nicholson has been elected President, vice
Frank L. Neall, resigned.— V. 83, p. 494.
Chicago (Bell) Telephone Co.—R e d u c tio n
crease in B u s i n e s s . — President
in
R a te s — I n
Wheeler is quoted as saying:
B y t h e r e c e n t r e d u c tio n in r a t e s , o u r r e v e n u e s w ill b e r e d u c e d b y a n y
w h e re fr o m $ 2 5 0 ,0 0 0 t o S 6 0 0 ,0 0 0 .
D u r in g t h e first e ig h t m o n t h s o f th is
y e a r w e e a r n e d le ss n e t m o n e y t h a n d u r in g t h e s a m e p e r io d o f
in s p it e
o f o u r in c r e a s e in b u s in e s s .
O u r e x p e n s e s h a v e b e e n h e a v ie r .
T h e cost o f
c o p p e r ju s t n o w is e n o r m o u s .
R e c e n t ly w e m a d e a n a d v a n c e m. th e w a g e s o f
1905,
Nov. 3 1906.]
our operating d ep artm en t. Current business Is satisfacto ry . Our S ep
tem ber Increase w as 27,043 Instrum en ts, w hich brought our to ta l to 103,832,
showing: a grow th of 20,009 th is year. T he com p an y has recen tly paid a
divid en d a t th e regular rate. As to th e n ex t one 1 do not care to say a n y
thin?. (On O ct. 3 1, 1906, th e telep h on es In service It Is said num bered
165,995— Bd.)
In July last the company, agreeably with the decision
of the Supreme Court (V. 82, p. 454), agreed to refund to
telephone subscribers desisting from litigation the difference
between the charge $125 per annum permitted by the de
cision and the $175 paid, the total amount involved being
estimated at $400,000.—V. S2, p. 1375.
Citizens’ Gas & Electric Co., Council B lu ffs , la.— N ew
C o n tr a ct. —Mayor Macrae on Oct. 2 signed the new contract
w ith th is company. The “Omaha Bee” of Oct. 4 says:
T he con tract Is for five years from O ct. 1. U nder It th e c ity Is to pay
$85 a year for each arc ligh t, of w hich there shall be n ot less th an 200. b u t
as th e com pany m ust p ay th e city a ro y alty of 3% on all electrical business
other th an th at of ligh tin g and 2 cents on each 1,000 cu b ic feet of gas sold
In th e city , th ese royalties. It is estim ated , w ill reduce th e cost of city
ligh tin g to $70 a lam p and th e con tract p rovid es th a t th e com p an y shall
not collect m ore on an average during th e year. T h e p rice of g a s, com
m encing Jan. 1 1907, w ill be reduced from $1 45 to $1 25, provided th e
bills are paid before th e 15th of th e m onth and $1 35 If n ot paid by th a t
tim e. T h e price of electricity is to be 15 cen ts per k ilow att , w ith th e fol
low ing d iscoun ts per 16 c. p. lam p: On less th an 2 k. w ., 10% ; from 2 to
3.5 k. w ., 20% ; 3.5 to 7 k. w .. 30% ; 7 to 15 k. w ., 40% ; 15 k. w .. 50% .
— V. SO. p. 2460.
City & Suburban Homes Co., New York.— M o r tg a g e.—
The shareholders will vote Nov. 11 on making a mortgage for
$215,000 upon the company’s property' located on the south
side of 65th St. 213 feet east of First Ave.—V. S2, p. 1271.
Clyde Steamship Co.—E a r n i n g s . —For half-year ending
June 30:
S ix
M o n th s—
G ross.
1 9 0 6 ___________ __________ __________ _______ $ 2 ,3 5 0 ,3 7 2
1 9 0 5 ______ __________________________________ 1 ,9 9 7 ,7 1 8
O p e r a tin g
E xp en ses.
$ 1 , 8 1 6 ,4 8 6
1 ,7 1 6 ,7 6 6
A7e l .
$ 5 3 3 ,8 8 6
2 8 0 ,9 5 2
The com pany carried 1,300,000 (not 1,900,000
tons)
freight during the calendar year 1905.— V. 83, p. 1038.
Consumers’ Gas Co., Toronto.—R e d u c tio n
G a s . — The
1101
TH E CHRONICLE
i n the P r ic e o f
company' has reduced the price of gas from 80c.
covering the property at Boylston, St. Head Place and
Bumstead Court.—V. 83, p. 971, 495.
Ely & Walker Dry Goods Building Co., St. Louis.—B o n d s
O ffe r e d . — G. H. Walker & Co., St. Louis, are offering at 101
and interest $750,000 first mortgage 5% gold bonds, dated
July 14 1906 and due: $250,000 July 15 1911, $250,000
July 15 1916 and $250,000 July 15 1921. Bonds due in
1916 and 1921 are subject to call at 105 and accrued interest
on sixty days’ notice at any interest date after 1911. Trus
tee, St. Louis Union Trust Co. Denomination $1,000. A
circular says:
T h e s e b o n d s r e p r e s e n t 7 5 % o f t h e c o s t o f t w o b u ild in g s n o w b e in g e r e c te d
fo r th e E l y & W a l k e r D r y G o o d s C o . (1 ) M a in b u il d in g , f r o n t a g e , 3 3 7 Y, f e e t ,
o n W a s h i n g t o n A v e n u e , a m o d e r n f ir e -p r o o f s tr u c tu r e o f s te e l c o n s t r u c t i o n ,
s e v e n s to r ie s in h e ig h t :
(2) w a r e h o u s e s : f r o n t a g e 1 5 5 fe e t o n L o c u s t S t r e e t ,
s lo w -c o m b u s t lo n c o n s t r u c t io n , s e v e n s to r ie s In h e i g h t .
T h e b u ild in g c o m
p a n y h a s a 9 9 - y e a r le a s e o n t h e g r o u n d c o v e r e d b y s a id b u ild in g s a t a n
a n n u a l r e n ta l o f $ 3 6 ,5 7 3
T h e E l y & W a l k e r D r y G o o d s C o . , u n d e r le a s e , o b lig a t e s Its e lf t o p a y In
a n n u a l r e n ta ls a s u f f ic ie n t s u m t o c o v e r s a id g r o u n d r e n t a n d t o p a y t h e
p rin c ip a l a n d In te r e s t o n t h e a b o v e -d e s c r i b e d $ 7 5 0 ,0 0 0 b o n d s , In c lu d in g
s in k in g f u n d , $ 4 0 ,0 0 0 e a c h y e a r , t o b e a p p lie d b y s a id tr u s te e t o t h e p u r
c h a s e a n d c a n c e lla tio n o f th e s e b o n d s o r t o th e ir r e d e m p t io n a t m a t u r i t y .
T h e E ly & W a lk e r D r y G o o d s C o m p a n y ( V . 8 2 . p . 1 6 3 ; V . 8 1 . p . 1552)
Is c a p it a liz e d as fo llo w s : $ 1 , 5 0 0 ,0 0 0 first p r e f . 7 % s t o c k , s e llin g a t 1 1 5 ,
$ 1 ,5 0 0 ,0 0 0 s e c o n d p r e f. 6 % s t o c k , s e llin g a t 9 5 ; $ 1 ,5 0 0 ,0 0 0 c o m m o n s t o c k ,
s e llin g a t 1 1 0 ; th is c o m p a n y p a y s 7 % d iv id e n d o n Its first p r e le r r e d s t o c k
a n d 6 % d iv id e n d o n its s e c o n d p re fe rre d s t o c k .
T h e n e t e a r n in g s fo r t h e
la s t y e a r , a fte r p a y in g t h e d iv id e n d s o n t h e p r e fe r r e d s h a r e s , a m o u n t e d to
2 0 % o n t h e c o m m o n s t o c k (p a r o f s h a r e s , $ 1 0 0 .)
Ely & Walker Dry Goods Co., St. Louis.—L e a s e, & c . —See
Ely & Walker Dry Goods Building Co. above.—V. 82, p.
163.
Equitable Illuminating Gas Light Co. of Philadelphia.—
O u tp u t .—The statement of gas sold in the city of Philadelphia
for the quarter ending Sept . 30, as filed with the city authori
ties, compares as follows:
C u b ic F e e t o f G a s—
1906.
3 m o n t h s ............ .................
1 ,6 2 3 ,4 2 8 ,1 6 0
9 m o n t h s __________________________ 5 , 1 8 9 , 8 3 5 , 7 0 0
9 m o n t h s ’ g r o s s r e v e n u e ___
$ 5 ,1 8 9 ,8 3 5
O f w h ic h c i t y r e c e iv e s __________
$ 5 1 8 ,9 8 3
— V . 8 3 , p. 2 15.
,
General Electric Co.—N e w
to 75c-.
N e w P r e s id e n t . — J.
L. Blaikie has been elected President
to succeed G. R . R . Cockburn.— V . 82, p. 931.
Corn Products Refining Co.—N e iv P la n t , E t c . — President
E . T. Bedford is quoted as saying: “ We are making money
and are spending a great deal on our properties. It is in
tended that our plants shall be as efficient as it is possible
for them to be m ade, and should this require either remodel
ing or abandonm ent the necessary thing will be done. We
already have expended about $500,000 on our plants and
expect to expend $500,000 more. This in addition to the new
big plant which we expect to build and equip at a cost of
$4,000,000. It will have a capacity of 40,000 bushels of
corn per day. In order to raise the necessary funds there
will be no recourse to a bond issue. A price of $3,000,000
has been refused for the old Chicago sugar refining plant.
We shall have the m oney for all our proposed expenditures.”
As to dividend prospects, see V. 83, p. 689, 820.
Council Bluffs (la .) City Waterworks Co.—D e c i s i o n . —
Judge McPherson in the United States Court on Sept. 29
denied the application of Geo. N. Smalley, a stockholder
residing in Massachusetts, to restrain the city' from enforcing
the ordinance passed Feb. 22 1906 reducing the rates. The
court holds that the franchise expired Jan. 24 last and was
not extended b y the injunction proceedings brought b y N. P.
Dodge at the time of the granting of the franchise in 1881
or the extension of time granted b y the city council to com
plete the construction of the plant.
T h e C ou rt sa y s:
" T h i s o r d e r w ill n o t b e c o n s t r u e d 'a s e ith e r a f f ir m in g or
d is a ffir m in g t h e r a te s fix e d b y a n o r d in a n c e o f t h e d e f e n d a n t c i t y p a s s e d
on or a b o u t F e b . 22 1 9 0 6 .
T h e q u e s tio n o f r a t e s fo r fu r n is h in g w a t e r sin ce
th e e x p ir a tio n o f th e c o n t r a c t o f 1 8 8 1 Is n o t ru le d o n .
In t h e a b s e n c e o f
a n e x p r e s s c o n t r a c t , t h e w a te r c o m p a n y is o p e r a t in g t h e w o r k s w it h th e
c o n s e n t a n d , p r o b a b l y , t h e re q u e s t o f t h e c i t y , a n d fu r n is h in g w a te r u n d e r
a n Im p lie d c o n tr a c t t h a t It s h a ll b e p a id a r e m u n e r a t iv e p ric e t o b e fix e d
e ith e r b y a g r e e m e n t or b y th e C o u r t.
T h e C o u r t a d d s t h a t It w ill b e t im e e n o u g h t o c o n s id e r t h e s e m a t t e r s
w h e n t h e y are p r e s e n t e d , a s p o s s ib ly t h e y w ill b e la te r b y b o t h p a r tie s .
A n e x p e r t Is n o w p r e p a r in g a r e p o r t a s t o t h e v a lu e o f t h e p re se n t p la n t
a n d t h e c o s t o f c o n s tr u c tin g a n e w s y s t e m in a c c o r d a n c e w it h th e o r d in a n c e
o f A u g . 21 p r o v id in g fo r m u n ic ip a l o w n e r s h ip . T h e W a t e r -w o r k s C o m m it t e e
o f t h e C i t y C o u n c il In J u n e la s t r e c o m m e n d e d t h e e r e c tio n o f a n e w p la n t ,
th e p rice a s k e d b y t h e c o m p a n y b e in g c o n s id e r e d to o h ig h .
C om p are
V. 8 1 , p . 7 2 9 .
1905.
1 ,5 1 0 ,2 9 6 ,0 3 0
4 ,9 1 2 , 2 7 4 , 4 8 0
$ 4 , 9 1 2 ,2 7 4
$ 4 9 1 ,2 2 7
1904.
1 ,4 1 0 , 3 9 8 , 3 8 0
4 ,7 7 5 , 3 8 7 , 5 2 0
$ 4 , 7 7 5 ,3 8 7
$ 4 7 7 ,5 3 8
S to c k — B u s in e s s In c r e a se s o ver
3 0 % .— The official circular of O ct. 27 calling a special m eet
ing of the stockholders for N ov. 20 to vote upon increasing
the capital stock from $60,000,000 to $80,000,000 (of which
about $5,000,000 is in the treasury) states that it is the in
tention to issue at present about $11,000,000 stock, or about
one share for each five outstanding shares, and adds:
I n J a n u a r y 1 9 0 6 th e r e w a s is s u e d to t h e s h a r e h o ld e r s $ 6 ,0 0 0 ,0 0 0 s t o c k
w h ic h w a s p a id fo r In c a s h a t p a r .
S in c e t h e n t h e b u s in e s s o f t h e c o m p a n y
h a s r a p id ly in c r e a s e d , s h i p m e n t s t o c u s t o m e r s d u r in g t h e first 8 m o n t h s o f
t h e p r e s e n t fisc a l y e a r h a v in g e x c e e d e d th o s e fo r a lik e p e r io d in t h e p r e v io u s
yea r b y m ore th a n 3 0 % .
T h i s e n la r g e d b u s in e s s in v o lv e s a c o r r e s p o n d in g
a b s o r p t io n o f c a p it a l In f a c to r ie s a n d f a c ili t ie s , in m a t e r i a l in fa c to r ie s a n d
w o r k fin ish e d a n d in p r o g r e s s . In a c c o u n t s r e c e iv a b le , e t c .— V . 8 3 , p . 8 9 3 .
General Electric Power Co., San Francisco.— In c r e a se
in
B o n d ed D e b t . — This
com pany has filed with the County Clerk
at San Francisco a certificate of increase of bonded debt
from $7,500,000 to $9,000,000. See V. 82, p. 932.
Greenwood Coal Co.— C alled B o n d s . — Four ($4,000) first
consol, mortgage 6 % gold bonds, due June 1 1911, v iz ., Nos.
151, 153, 190 and 216, will be paid at par and interest on
N ov. 24 at New Y ork Trust C o.— V. 83, p. 326.
Hargraves Mills, Fall River.— D i v i d e n d s . — The directors
on O ct. 3, it is said, declared a 1 % quarterly dividend, p a y
able O ct. 10, the first dividend since 1904. The com pany
has made an issue of $600,000 30-year 5 % bonds. Capital
stock is $800,000, par $100. President Leontine Lincoln;
Treasurer and Clerk, Seth A. Borden. (Compare Parker
Mills, b elow .)— V. 74, p. 98.
Illinois Brick Co.— O u tp u t. — The “ Chicago Inter O cean”
of O ct. 30 quotes President Pressing as expressing the belief
that quarterly dividends of 1 % can, w ithout d ou bt, be con
tinued, and gives the follow ing:
N i n e m o n th s —
1906.
B r ic k s d e l i v e r e d _______ 3 2 2 ,0 7 8 ,7 9 5
B r ic k s m a d e _____________ 3 0 4 ,9 0 7 ,3 6 1
— V . 83. p. 754, 275.
1905.
2 8 6 ,5 8 5 ,1 8 5
2 8 2 ,6 4 9 ,5 5 6
— — I n c r e a s e ----------3 5 , 4 9 3 ,6 1 0
1 2 .4 %
2 2 , 2 5 7 ,8 0 5
8%
International Salt Co.— D i v i d e n d .—The directors on Oct.
31 declared “a dividend of 1%, payable Dec. 1.” Last year
the company declared a dividend of 4%, payable in four
quarterly installments of 1% each from Dec. 1 1905 to Sept. 1
1906, inclusive.
£ Dayton (O.) Breweries Co.—A c q u is it io n — N e w S e c u r itie s.
N e w P r o c e s s , N e w P la n t s , & c .—The “Journal of Commerce
— This com pany on Sept. 29 took over the plant of the N. and Commercial Bulletin” on Oct. 12 said:
Thom as Com pany, the only brewery in D ayton not already
ow ned, adding 43,000 bbls. a year to the output of the
Dayton Breweries Co. N. Thomas and J. J. Hall becom e
directors in the last-named com pany.
T h e D a y t o n c o m p a n y , t o p a y fo r t h e p la n t p u r c h a s e d , Issues $ 5 0 0 ,0 0 0
o f b o n d s , th e re m a in d e r o f Its a u th o r iz e d Issue o f $ 2 , 5 0 0 , 0 0 0 : a ls o $ 1 7 7 ,5 0 0
p re fe rre d s t o c k a n d $ 1 7 7 .5 0 0 c o m m o n s t o c k , m a k in g o u t s t a n d in g $ 1 .2 4 9 ,1 2 5
c o m m o n s to c k a n d $ 1 , 2 4 9 ,1 2 5 o f 6 % n o n -c u m u l a t iv e p re fe rre d s t o c k .
The
e o m p a n y fu r th e r a s s u m e s th e $ 1 5 0 ,0 0 0 5 % g o ld b o n d s o f th e X . T h o m a s
C o m p a n y , d a t e d O c t . 1 1 9 0 6 a n d d u e $ 1 0 ,0 0 0 y e a r ly b e g in n in g O c t . 1
1 9 0 7 : In te r e st p a y a b le A p r il 1 a n d O c t . 1 . — V . 7 8 , p . 1 9 0 0 , 1 2 2 5 .
Eastman Kodak Co. of New Jersey.—E x tr a
D i v id e n d . —
O ffic ia l a n n o u n c e m e n t Is m a d e b y P r e s id e n t E . L . F u lle r t h a t t h e c o m
p a n y h a s a c q u ir e d a n e w p r o c e s s fr o m fo r e ig n In te r e s ts fo r t h e m a n u f a c t u r e
o f s a l t , a n d h a s d e c id e d u p o n t h e e r e c tio n o f e ig h t p la n t s , w h ic h w ill be
e q u ip p e d w ith th e n e w a p p a r a t u s .
O f th e s e p la n t s th r e e a r e n o w b e in g
c o n s t r u c t e d , t w o In t h e w e s te r n p a r t o f N e w Y o r k S t a t e a n d o n e In K a n s a s .
T h e fo r m e r are lo c a t e d a t C a y u g a L a k e a n d S e n e c a L a k e .
T he com pany
e x p e c t s t o d is m a n t le a fe w o f th e o ld p la n t s .
C o m m e n t in g o n th e s a lt s it u a t i o n , M r . F u lle r s a id : " T h e c o m p a n y , w h e n
th e s e p la n t s a r e c o m p le t e d , w ill b e In p o s itio n t o p r o d u c e a to n n a g e o f s a lt
la rg e e n o u g h to s u p p l y t h e r e q u ir e m e n t s o f th e m a r k e t e a s t o f t h e H o c k y
M o u n t a in s .
A ll g r a d e s o f e v a p o r a t e d s a l t w ill b e p r o d u c e d b y t h e p r o p o s e d
new w ork s.
W e h a v e n o I n t e n tio n or d e sire to a b s o r b a n y o th e r p la n t s .
T h e e a r n in g s for t h e la s t m o n t h h a v e b e e n th e la r g e s t fo r a n y s im ila r p e rio d
In th e h is to r y o f th e c o m p a n y .
W e n o w h a v e p la n t s In L o u i s ia n a , K a n s a s ,
M ic h ig a n , O h io a n d N e w Y o r k S t a t e s .
W e s u p p lie d la s t y e a r a b o u t 7 0 %
o f th e to n n a g e t h a t w a s c o n s u m e d In th is c o u n t r y , la r g e ly e v a p o r a t e d s a l t .
T h e c o m p a n y h a s on Its b o o k s o r d e rs la r g e ly In e x c e s s o f a n y b o o k e d a t
tills s e a s o n o f t h e y e a r h e r e t o f o r e ." — V . 8 2 , p . 1 4 4 3 , 6 9 0 , 5 7 3 .
The directors on O ct. 26 declared an extra dividend of 5 %
on the com m on stock, payable D ec. 1 1906 to stockholders
o f record Oct. 31. The com m on shares have received regular
quarterly dividends at the rate of 10% per annum since Oct.
Kellogg Switchboard Co.—I n ju n c t i o n .—The Supreme
1902 and this year extra dividends of 2 % in January anti Court of Illinois has handed down a decision restraining the
'2\N,°/0 in May, and now a further 5 % is payable Dec. 1.— V. American Telephone & Telegraph Co. from voting stock it
82, p. 807.
acquired in the Kellogg Switchboard Co. in 1901.
Edison Electric Illuminating Co. of Boston.—R e p o r t. — See
Lake Superior Corporation.— G u a r a n ty o f G o v ern m en t L oan
E x ten d ed . —The remaining $1,000,000 of the $2,000,000 loan
“ Annual R ep orts” on a preceding page.
* M o r tg a g e .—The com pany has made a mortgage to the of the Canadian Improvement Co., whieh was extended for
Massachusetts ^Hospital Life Insurance Co. for $350,000, six months from May 1 last, has been further extended to
1102
THE CHRONICLE.
April 1 1907, the Province of Ontario renewing its guaranty
thereof. Compare V. 82, p. 1044.— V. 88, p. 821, 627.
Mallory Steamship Co.—Successor Company Incorporated.
— This company was incorporated on Oct. 31 under the laws
of Maine with $14,000,000 of authorized capital stock to
succeed to the property of the New Y ork & Texas Steamship
Co. (the Mallory Line) which was purchased last week by
Charles W. Morse for a sum understood to be somewhat less
than $7,000,000 for about 95% of the capital stock. There
will be a bond issue of $3,000,000 5 % 25-year bonds. Of
the new stock Mr. Morse, it is understood, will control about
85% and the Mallory interests the remainder. The report
that a consolidation of the Morse steamship lines is proposed
is denied.
The “ Boston News Bureau” of Oct. 27 says: “ The Mallory
Steamship Line is the largest southern coastwise steamship
com pany. The company has a fleet of 11 steel steamers
on this route, the largest of which is 6,000 tons, the aggre
gate tonnage of the 11 being over 40,000. In addition the
company runs a Georgia-Florida and a Galveston-Mobile
service.” An additional steamship is building and two
more, it is said, will be ordered by the new company.
The Morse lines include besides the Mallory SS. Co. the
Clyde Steamship Co. (V. 82, p. 807), the Metropolitan
Steamship Co. (V. 82, p. 990) the Eastern Steamship Co.
(V. 82, p. 337; V. 81, p. 1045; V. 80, p. 873); and the
Hudson Navigation Co. (V. 83, p. 1039), which owns the
People’s Line to Albany, and controls the Citizens’ Line to
Troy (V. 82, p. 221.)
Mexican Plantation Co.—Receivership.— Judge Fruit in the
Circuit Court at La Crosse, W is., on Oct. 31 appointed C. S.
Van Auken receiver of the property, on the ground of in
solvency. The capital stock is said to be $600,000 or $700,000, part being preferred. Hei^ry E. Horne is or was Secre
tary .
Michigan Lake Superior Power Co.— See report of Lake
Superior Corporation on a preceding page of this issue.—
V. 83, p. 382.
Milliken Bros., Incorporated, New York.—Staten Island
Plant in Operation.— This com pany’s new open-hearth fur
naces began turning out steel ingots last week. The bloom
ing mill, it is expected, will begin to operate Nov. 5 and the
structural or finishing mills on Dec. 1.
Large Contract.— The company has contracted to furnish
all the steel for the new 45-storv tower building of the Singer
Manufacturing Co. Compare V. 82, p. 1215.
New Brunswick (Canada) Telephone C o.— Merger— New
S tock . — The shareholders on Oct. 5, it is stated, ratified the
merger with the Central Telephone Co.
Application has been made for authority to increase the
capital stock from $600,000— one account sa3rs to $1,000,000,
another to $2,000,000.— V. 83, p. 382.
New England Investm ent & Security Co.— Guaranty. —
The following guaranty is to be printed on the preferred cer
tificates.
C u m u l a t i v e s e m i - a n n u a l d i v i d e n d s 'a m o u n t i n g t o 4 % p e r a n n u n f u p o n t h e
p a r v a lu e o f th e o u ts ta n d in g p r e fe r r e d sh a res o f th e N e w E n g la n d I n v e s t
m e n t & S e c u r i t y C o . a n d , In t h e e v e n t o f l i q u i d a t i o n , t h e p a y m e n t o f t h e
su m o f $105 p e r s h a re a n d a n y a c c r u e d a n d u n p a id d iv id e n d s th e r e o n ,
t o g e t h e r w it h in te r e s t o n a n y s u c h a c c r u e d a n d u n p a id d iv id e n d s t h e r e o n
a t t h e r a t e o f 4 % p e r a n n u m , a r e g u a r a n t e e d , a n d w ill h e p a id b y t h e u n d e r
s ig n e d in a c c o r d a n c e w it h t h e t e r m s a n d p r o v is io n s o f a c e r ta in a g r e e m e n t
b e tw e e n th e N e w E n g la n d I n v e s tm e n t & S e c u r ity C o a n d th e u n d e r s ig n e d ,
d a te d th e 2 5 th d a y o f J u n e 1 90 6 .
I n c o n s id e r a t io n o f t h is g u a r a n t y t h e C o n s o lid a t e d R a i l w a y C o . r e s e r v e s
t h e r ig h t t o r e q u ir e t h e t r u s te e s t o c a ll th is c e r t ific a t e a n d t h e s h a re s r e p r e
s e n te d th e r e b y o n J a n . 1 1 90 7 , o r o n a n y d iv id e n d d a te th e r e a fte r u p o n
p a y m e n t o r te n d e r t o th e tru ste e s o f $105 p e r sh a re a n d a n y a c c r u e d a n d
u n p a id d iv id e n d s t h e r e o n , t o g e t h e r w it h in te r e s t o n t h e s a m e a t 4 % p e r
a n n u m : a n d in t h a t e v e n t t o r e q u i r e s a i d t r u s t e e s t o h a v e t h i s c e r t i f i c a t e
s u r r e n d e r e d a n d a n e w c e r t i f i c a t e f o r a l i k e n u m b e r o f s h a r e s is s u e d in lie u
t h e r e o f t o t h e C o n s o lid a te d R a ilw a y C o .
[S ig n e d , T h e C o n s o lid a t e d R a i l w a y C o .
B y _____________________________]
O fficia l Statem ent. — See Worcester Railways & Investment
Co. below and compare V. 83, p. 492, 811.
New York Pneumatic Service Co.— In Possession.— The
com pany on Oct. 16 took title to the pneumatic tubes and
other property and franchises of the Tubular Dispatch Co.,
foreclosed. As to incorporation of this new company see
foot-note “ y ” to first table in item American Pneumatic
Service Co., V. 83, p. 34. See also American Pneumatic
Service Co. above and V. 82, p. 1160, 1046.
New York & Texas Steamship Co.— See Mallory Steamship
Co. above.— V. 83, p. 1040.
Nipissing Mines Co.— Change in Control.— The Guggen
heim Exploration Co. and other Guggenheim interests have
exercised an option, at $25 per share, on 400,000 shares of
stock of the Nipissing Mines Co., being one-third of the
capitalization of 1,200,000 shares, par $5. The new inter
ests, with the foregoing and other stock acquired, will con
trol the property and elect five of the nine directors. The
com pany owns silver mines at Cobalt, Ont.— V. 83, p. 690,
628; V. 82, p. 1382.
Omaha Electric Light & Power Co.—Subsidiary’s Contract.
— See Citizens’ Gas & Electric Co., Council Bluffs, above.—
V. 81, p. 215.
Parker Mills, Fall River.— Dividends.— Bonds.— 'The direc
tors, it is said, have declared a 1% quarterly dividend
payable Oct. 10, the first paid since 1904. The company
has made an issue of $600,000 30-year 5 % bonds. There is
outstanding $800,000 stock in shares of $100 each. Presi
dent Leontine Lincoln; Treasurer and Clerk, Seth A Borden.
(Compare Hargraves Mills a bove.)— V. 74, p. 99.
fVOL LXXXI1I
Penn Traffic^Co.,iPhiladelphia.— To In crea se In d e b te d n e ss.
— The shareholders will meet in Philadelphia on Dec. 20 to
vote on increasing the indebtedness.— V. 83, p. 972.
Pocahontas Collieries C o.— Description.— The “ Engineer
ing & Mining Journal” of New York devotes five pages in its
issue of Oct. 27 to an illustrated article regarding this
com pany’s mining and coking operations.— V. 83, p. 270.
Portland Copper Mining Co.— New Company.— This com
pany has been organized under the laws of Colorado with
$1,500,000 authorized stock, in $1 shares, all issued, fullpaid (of which a large block remains in the treasury), to
operate mines in Battle Creek mining district of W yom ing.
T h e c o m p a n y o w n s fo u r lo d e m in in g c la im s — t h e P o r t la n d , L o g a n , K l o n
d i k e a n d S u m m i t , c o v e r i n g a n a r e a o f 7.'S a c r e s .
P r e s id e n t. W . i i . B a k e r ,
V ic e -P r e s id e n t a n d G e n e r a l M a n a g e r o f P o s ta l T e le g r a p h C a b le C o .; V ic e P r e s id e n t , P h il S . D e la n y , m in in g b r o k e r , D e n v e r , C o lo .; S e c r e t a r y a n d
T r e a s u r e r , J . C . H e lm , C h ie f J u s t ic e o f S u p r e m e C o u r t o f C o lo r a d o .
B aker
& V a u g h a n o f 2 0 B r o a d S t . , N e w Y o r k , a r e t h e f is c a l a g e n t s .
Pure Oil Co.— New Stock.— The S I,000,000 treasury stock
referred to last week has all been subscribed for at par, $5
per share, by the old holders, in amounts equal to 30% of the
shares held.
S u b s c r i p t i o n s a r e p a y a b l e In t h r e e e q u a l i n s t a l l m e n t s , N o v . 1 , F e b . 1 a n d
M ay 1.
A l l s t o c k h o l d e r s p l a c e o n e - h a l f t h e i r h o l d i n g s in v o t i n g t r u s t e e s
w h o h o l d s t o c k in e s c r o w . T h i s p o l i c y . It is s t a t e d , h a s p r e v e n t e d t h e S t a n d
a r d O il C o . f r o m m a k i n g a n y e f f o r t t o b e c o m e I n t e r e s t e d in t h e c o m p a n y .
See V . 8 3 , p . 1 04 0 , 327.
Quincy (Copper) Mining Co.— See Arcadian Copper Co.,
above.— V. 83, p. 327, 100.
Salt Lake Public Service Co., Salt Lake City.— N e w P roject
— B on d s O ffered — F. B. Wemple and associates, Penobscot
Building, Detroit (branch offices, Columbus, Ohio, St. Louis,
and Salt Lake City),are offering at par and Interest $1,500,000 5 % first mortgage 40-year gold bonds, with a bonus of
100% in capital stock. A circular sajrs in substance:
I n c o r p o r a t e d u n d e r th e la w s o l th e S ta t e o f U ta h S e p t . 1 1 9 0 6 .
C a p ita l
s t o c k ( in $ 1 0 0 s h a r e s ) , 3 3 , 0 0 0 ,0 0 0 ; a u t h o r i z e d b o n d i s s u e , $ 2 , 5 0 0 ,0 0 0 ;
p r e s e n t b o n d I s s u e , $ 1 , 5 0 0 ,0 0 0 .
M o r tg a g e t r u s t e e , C a p ito l T r u s t C o .,
C o lu m b u s , O h io .
D e n o m in a t io n o f b o n d s , $ 5 0 0 a n d $ 1 ,0 0 0 .
[B o n d s
d a t e d S e p t . 1 1 9 0 6 , d u e 1 9 4 6 , in t e r e s t p a y a b le M a r c h 1 a n d S e p t . 1.
"N o
p r io r lie n s o u t s t a n d i n g .” — E d .]
S in k i n g F u n d — F o r fir s t f i v e y e a r s , a l l s u r p l u s e a r n i n g s in e x c e s s o f la)
5 % u p o n o u t s t a n d i n g b o n d s a n d (b) 6 % o n o u t s t a n d i n g s t o c k ; a l t e r J a n . 1
1912
a ll s u r p lu s e a r n i n g s a b o v e 5 % o n b o n d s u p t o S 3 0 .0 0 0 p e r y e a r .
A f t e r J a n . 1 1 9 1 6 s in k i n g f u n d t o r e t i r e b o n d s a t 1 0 1 , a n d a f t e r 1 9 1 7 a n d
p r i o r t o 1 9 3 3 t h e s e b o n d s m a y b e c a l l e d In a n d p a i d o u t o f a n y a s s e t s o t h e r
t h a n t h e s in k i n g f u n d a t 1 0 5 a n d a c c r u e d i n t e r e s t .
D ir e c to r s — J a m e s J . C h a m b e r s , P r e s id e n t , S a lt L a k e C it y ; J o h n W .
D a g e s , V ic e -P r e s id e n t , a n d E . M . F u llin g t o n , T r e a s u r e r , C o lu m b u s , O .;
G . S . H o lm e s , E . A . A ir is a n d F r a n k J u d g e , S a lt L a k e C it y , a n d W . H .
A n d r e w s , C o lu m b u s , O .
T h e c o m p a n y o w n s (a) t h e 5 0 - y e a r f r a n c h i s e f o r e l e c t r i c l i g h t i n g a n d
p o w e r in S a l t L a k e C i t y , w h i c h w a s g r a n t e d t o C u r t i s & M a n l e y b y t h e C i t y
C o u n c il in M a y 1 9 0 6 ; (6) t h e 5 0 - y e a r f r a n c h i s e f o r h e a t i n g a n d p o w e r
g r a n t e d t o t h e C it i z e n s ’ H e a t i n g & P o w e r C o . S e p t . 21 1 9 0 5 ; a n d (c) t h e
P a r k C it y a n d o t h e r fr a n c h is e s , a n d h o ld in g s o f t h e I n t e r -M o u n t a in P o w e r
C o . , o r g a n i z e d in J u l y 1 9 0 5 f o r t h e p u r p o s e o f d e v e l o p i n g t h e f o u r n a t u r a l
w a t e r p o w e r s in B ig a n d L i t t l e C o t t o n w o o d c a n y o n s , s i t u a t e d c l o s e l y t o
g e t h e r a b o u t 1 7 m il e s f r o m S a l t L a k e C i t y , a n d h a v i n g a r e s e r v o i r o n t h e
B ig C o t t o n w o o d o f 1 ,8 0 0 a c r e f e e t w h i c h g i v e s c a p a c i t y s u f f i c i e n t t o f u r n i s h
a t a ll t im e s e l e c t r i c a l e n e r g y a g g r e g a t i n g 5 ,0 0 0 h o r s e p o w e r .
T h e C u r t is &
M a n le y fr a n c h is e p e r m its o f a m a x im u m r a t e o f 10 c e n ts p e r K . W . h o u r fo r
lig h t in g a n d 8 c e n ts p e r K . W . h o u r f o r p o w e r , w it h a m in im u m o f 7 5 c e n ts
p e r m o n th fo r e a ch u ser o f e le c tr ic lig h t.
T i t l e s t o r i g h t s o f w a y , d a m a n d r e s e r v o i r s it e s , s t a t i o n s it e s n e c e s s a r y t o
c o m p l e t e t h e s y s t e m . h a v e b e e n s e c u r e d , a n d w o r k is n o w b e i n g p r o s e c u t e d
v ig o r o u s ly o n th e s e in s ta lla t io n s .
T h e c e n t r a l s t a t i o n s it e in S a lt L a k e C i t y
h a s a n id e a l lo c a t io n , b e in g w it h in a b lo c k o f t h e t w o la r g e U n io n d e p o t s .
T h e m in i n g c o r p o r a t i o n s o f P a r k C i t y a r e n o w u s i n g a b o u t 3 ,0 0 0 h o r s e
p o w e r , d e v e lo p e d b y s te a m , a n d a c a r e fu l c a n v a s s g iv e s a s s u r a n c e t h a t
2 ,0 0 0 h o r s e p o w e r c a n b e s o l d t h e r e , i n c l u d i n g t h e a m o u n t u s e d in t h e P a r k
C i t y l i g h t i n g s y s t e m , d u r i n g t h e f ir s t y e a r , a t a n a v e r a g e o f $ 7 2 p e r h o r s e
p ow er per yea r.
T h e m a r k e t f o r p o w e r in S a l t L a k e C i t y is s e t o u t in t h e
r e p o r t o f W . H . S c h o t t o f C h ic a g o , w h ic h s h o w s a p o s s ib le c o n n e c t e d lo a d
o f 9 ,0 0 0 K . W . o r 1 2 ,0 0 0 h o r s e p o w e r , a n d a n e s t i m a t e d i n c o m e f o r t h e fir s t
y e a r ’ s b u s in e s s f r o m t h i s t e r r i t o r y o f $ 1 1 8 ,2 6 0 , w i t h $ 3 5 , 0 0 0 a d d i t i o n a l
r e v e n u e fr o m h e a tin g s y s te m .
T h e c o m p a n y h a s r e c e n t ly c lo s e d a c o n tr a c t
f o r t h r e e y e a r s w i t h a m a n u f a c t u r i n g c o m p a n y s i t u a t e d in S a l t L a k e C i t y
a t $ 3 3 ,0 0 0 p e r y e a r , a n d n e g o t i a t i o n s a r e in p r o g r e s s f o r a t h r e e - y e a r s t r e e t
l i g h t i n g c o n t r a c t a t $ 4 0 ,0 0 0 p e r y e a r . — V . 8 3 , p . 8 9 5 .
Southern New England (Bell) Telephone C o.— New Stock.
— The shareholders will meet Nov. 7 to vote on increasing
the authorized issue of capital stock from $6,000,000 to
$8,000,000, to provide for extensions and additions. The
outstanding stock is $5,500,000 and an additional $500,000
or more will probabty be offered to the shareholder before the
end of the year at a price yet to be determined. possibly at
par.— V. 83, p. 217.
Susquehanna Iron & Steel Co.— Receivers Sale.— The
property is advertised to be sold at receiver’s sale at
Columbia, Lancaster County, Pa., on Dec. 1 at 2 p .m .
Upset price, $400,000 over the outstanding mortgage in
debtedness of $300,000, which is to be assumed b y the
purchaser, and $30,000 more to take up a like amount of
receiver’s certificates, which are secured by $30,000 of the
aforesaid bonded debt. This is in pursuance of the re
organization plan, V. 83, p. 895.
Time for Deposit Extended.— The time for the deposit of
stock under the reorganization plan has been extended to
Nov. 10.— V. 83, p. 1040, 973, 875.
Syracuse Lighting Co.— See United Gas Improvement Co.
below .— V. 77, p. 1229.
United Bank Note Corporation.— G overn m en t C on tra ct .—This com pany’s controlled corporation, the American Bank
Note Co., after an interval of twelve years has again been
awarded the contract for printing the United States postage
stamps, having underbid the Government Printing Office,
which had previously, it is said, taken the work below cost.
While the official award has not been received, no doubt is
felt that the contract will stand. The contract is for four years
beginning Feb. 1 at 5 ^ cents "a thousand. The Bureau of
Engraving & Printing put its price at 5.7 cents.— V. 83,
p. 499, 162.
F o r o t h e r I n v e s t m e n t N e w s , see p a g e 1 1 2 2 .
Nov. 3 1906.1
1103
THE CHRONICLE.
flcports and Sacumeuts
GREAT NORTHERN RAILW AY COMPANY.
SEVENTEENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE 30 1900.
To the Stockholders:
The President and Directors submit the following report
for the year ended June 30 1906.
FINANCIAL.
C A P IT A L
STOCK.
T h e a u th o rize d sh a re c a p ita l o f T h e G re a t N o r th e r n R a ilw a y
C o m p a n y J u n e 3 0 1 0 0 3 . a s sh o w n b y la st y e a r 's r e p o r t,
w as
_____________________________________________________________ 5 1 2 5 ,0 0 0 .0 0 0 0 0
A t a m e e tin g held S e p te m b e r 2 3 1 9 0 5 th e D ir e c to rs a d o p te d
re s o lu tio n s a u th o riz in g a n Increase In th e C a p ita l S to c k o f
2 5 ,0 0 0 ,0 0 0 0 0
1 . T o p ro v id e fu n d s to p a y fo r su ch fu rth e r a n d a d d itio n a l
e q u ip m e n t as th e B o ard o f D ir e cto rs m a y fro m tim e to
tim e d e te rm in e to be n e c e ssa ry .
2 . T o p ro v id e fu n d s to liq u id a te su ch te m p o r a r y In d e b te d
ness o f th e C o m p a n y now e x istin g as has b e e n Incurred to
m e e t e x p e n d itu re s on c a p ita l a c c o u n t.
3 . T o ac q u ire th e b o n d s or s t o c k s , or b o t h , o f th e fo llo w
in g -n a m e d C o m p a n ie s:
a . T h e S t . P aul M in n ea p o lis & M a n ito b a R a ilw a y C o .
b. D a k o ta 3: G re a t N o r th e rn R a ilw a y C o .
t . M in n e so ta So G reat N o rth e rn R a ilw a y C o .
t . K o o t e n a y R a ilw a y & N a v ig a tio n C o ., L im ite d .
t . W a s h in g to n & G reat N o r th e rn R a ilw a y C o .
/ . M o n ta n a & G r e a t N o r th e rn R a h w a y C o .
« . Io w a & G re a t N o r th e rn R a ilw a y C o .
h . T h e S io u x C ity & W e s te r n R a ilw a y C o .
I. C r o w 's N e st S o u th e rn R a h w a y C o .
J. V a n c o u v e r V ic to r ia & E a ste r n R a ilw a y & N a v ig a
tion C o .
4 . T o a c q u ire su ch o th er secu rities as th e B o a r d o f D ir e c to rs
m a y fro m tim e to tim e a u th o riz e to b e a c q u ir e d .
O n O c to b e r 10 1 9 0 5 th e P re sid e n t Issued a circ u la r t o th e
S to c k h o ld e rs a sk in g th eir a sse n t to th is p ro p o se d in crease
In sh a re c a p it a l, a n d offerin g th e a d d itio n a l shares for
s u b sc rip tio n b y th e m a t p a r , p a y m e n ts t o b e m a d e as
sp ecified In th e circu lar.
A s s e n ts h a v in g b e e n re c e iv ed fr o m th e h o ld e rs o f m o r e
th a n s e v e n ty -fiv e p er c e n t o f th e S to c k o u ts ta n d in g , it
w a s a n n o u n c e d on N o v e m b e r 8 1 9 0 5 t h a t all s u b sc rip tio n s
h a d b e c o m e b in d in g a n d e ffe c tiv e , th u s m a k in g th e a u --------------------------------th o r lz e d sh a re c a p ita l J u n e 3 0 1 9 0 6 __________________________$ 1 5 0 ,0 0 0 ,0 0 0 0 0
O f th e c a p ita l a u th o riz e d th e re h a d b e e n Issued t o J u n e 30
1 9 0 5 (p a g e 5 . la s t y e a r 's R e p o r t ) _____________________________ $ 1 2 4 ,3 6 5 ,6 2 5
T h e r e h a v e ' b e e n issu ed d u rin g th e y e a r :
1 5 6 3 4 sh a r e s, a m o u n tin g t o ___________________________________
1 5 ,6 2 5
In c o m p le tin g p re v io u s tr a n s a c tio n s .
1 ,6 5 0 sh a r e s, a m o u n tin g t o _________________________________
1 6 5 ,0 0 0
to th e G re a t N o r th e rn I n v e s tm e n t C o m p a n y ,
L im it e d , u n d e r th e c o n tr a c t referred to on p a g e
7 o f R e p o rt for th e y e a r e n d e d J une 3 0 1 9 0 0 .
T o J une 30 1 9 0 6 th e In v e s tm e n t C o m p a n y h a d
su b sc rib e d a n d p aid fo r 9 ,8 0 0 sh a res ( $ 9 8 0 ,0 0 0 )
u n d e r th e c o n tr a c t m e n tio n e d .
2 4 9 ,9 9 8 sh a re s, a m o u n tin g t o ___________________________________
2 4 ,9 9 9 ,8 0 0
u n d e r re so lu tio n o f S e p te m b e r 2 3 1 9 0 5 .
Thi1final payment under the car trust agreement assumed
by the Eastern Railway Company of Minnesota, referred to
on page 6 of the ninth annual report, was made at maturity,
February 1 1906, and bill of sale received for the cars cov
ered thereby.
, Expenditures were made during the year on the capital
accounts of Proprietary Companies for work completed or
under construction as follows:
E a s te r n R a ilw a y C o m p a n y o f M in n e s o ta _______________ _______ $ 3 3 6 ,7 1 7 2 6
M o n ta n a C entral R a ilw a y C o m p a n y ________________________________
2 5 2 ,5 4 4
1 4 1 ,3 9 6
W lllm a r & S io u x F a lls R a ilw a y C o m p a n y .............. .............................
D u lu th W a t e r t o w n & P acific R a ilw a y C o m p a n y _______________
2 2 ,5 2 5
S e a ttle & M o n ta n a R a ilro a d C o m p a n y ______________ _______ _______
7 2 3 ,2 3 8
P a rk R a p id s & L e ech L a k e R a ilw a y C o m p a n y ________ ________
486
M in n e a p o lis U n io n R a ilw a y C o m p a n y ______ __________ ____________
3 ,7 0 4
D a k o t a & G r e a t N o r th e rn R a ilw a y C o m p a n y ____________________ 1 ,5 0 4 ,1 7 4
M o n ta n a & G r e a t N o r th e r n R a ilw a y C o m p a n y _________________
406
T o t a l ............................................................................................................. ............. . $ 2 , 9 8 5 , 1 9 5 0 4
There has been advanced for construction purposes during
the year to companies other than those above mentioned the
sum of $8,988,960 67, and there has been paid for additional
equipment for the Great Northern Railway Company $3,423,45S 96.
There has been a large increase during the year in the Com
pany’s gross earnings, due to the business conditions of the
country and the wonderful development in North Dakota
and on the Pacific Coast. While earnings have increased
17.81%, operating expenses have increased 20.57%. The
increase in operating expenses is due to three causes: increas
ing volume of merchandise traffic and local passengers,
with corresponding increase in station and other terminal
expenses; increased cost of material and the increases in wages
paid for all classes of labor.
The Company has during the year made several reductions
in freight rates which are referred to in the report of the VicePresident later on.
The cost to June 30 1906 of the equipment owned by the
companies named in the balance sheet on page 1108is$35,835,311 71. There has been credited to “ Fund for Replacement
of Equipment ” $2,508,471 82, which, on the bas s of an
average life of twelve to fifteen years for all classes of equip
ment, will make good the decrease in value and character of
equipment. Of this amount the Great Northern Railway
Company is responsible for $2,344,618 59, which is shown on
another page as deducted from its Revenue Account.
There was charged during the year to “ Fund for Permanent
Improvements and Renewals ” the sum of $2,786,291 69, the
cost of improvements (other than those charged to opera
tion) made during the year to the property leased from the
St. Paul Minneapolis & Manitoba Railway Company. To
keep this fund at a proper amount and provide for future
contingencies, the same amount, $2,786,291 69, has been ap
propriated from the net revenue for the year, as shown in
revenue account and credited to the Fund.
The Board respectfully calls attention of the shareholders
to the reports of the Vice-President and the Comptroller,
with the customary balance sheet and statistical tables, and
to the report of the Land Commissioner.
JAMES J. HILL, President.
00
00
00
00
T o t a l o u ts ta n d in g J u n e 3 0 1 9 0 6 ______________________________ $ 1 4 9 ,5 4 6 ,0 5 0 0 0
There were held in the Treasury of the Company June 30
1906 4,3373d? shares of Great Northern stock not used in
acquiring 3,470 shares of Manitoba Stock, 200 shares of Great
Northern Stock to be issued only to the Employees’ Invest
ment Company (which have been issued s;nce the close of
the fiscal year) and 2 shares Great Northern Stock authorized
September 23 1905 for which subscription is not completed.
BONDED
DEBT.
There has been a net reduction of S526,000 00 during the
year in the bonded debt of the St. Paul, Minneapolis & Mani
toba Railway Company, as will be seen by reference to table
on page 1106 made up as follows:
C o n s o lid a t e d M o r t g a g e 4 y2 P e r C e n t B o n d s , re d e e m e d a n d c a n
celed b y th e T r u s te e th r o u g h th e o p e r a tio n o f th g S in k in g
F u n d as per d e ta ils on p a g e s 39 a n d 4 0 o f p a m p h le t r e p o r t . _ $ 5 2 6 ,0 0 0 0 0
L e ss b o n d s Issued in e x c h a n g e for S t . P a u l M in n e a p o lis & M a n i
to b a R a ilw a y C o m p a n y B o n d s su rren d ered an d c a n c e le d :
S e c o n d M o r tg a g e B o n d s ___________________________ $ 3 2 0 ,0 0 0 0 0
D a k o t a E x te n s io n M o r tg a g e B o n d s ______________ 1 3 4 ,0 0 0 00
T o t a l issu e d _____________________________________________________________
REPORT OF VICE-PRESIDENT.
4 5 4 ,0 0 0 0 0
N e t re d u c tio n in C o n so lid a te d M o r tg a g e 4 J4p er c e n t b o n d s 5 7 2 ,0 0 0 0 0
S e c o n d M o r t g a g e 6 P e r c e n t B o n d s , can ce le d as a b o v e __________________ 3 2 0 ,0 0 0 00
D a k o t a E x t e n s i o n M o r t g a g e 6 P e r C e n t B o n d s , c a n c e le d as a b o v e 1 3 4 ,0 0 0 0 0
T o t a l re d u c tio n io S t . P au l M in n e a p o lis & M a n ito b a R a ilw a y
C o m p a n y ’ s B o n d e d D e b t ____________________________
GENERAL.
The balance sheet in last year’s report showed “ Bills and
Accounts Payable” to the amount of 81,030,000 00 out
standing June 30 1905. These have been paid during the
- L t f -
Mr. James J . Hill, President.
Dear Sir :— Herewith please find report for fiscal year
ended June 30 1906.
G ROSS
E A R N IN G S , O P E R A T IN G
T R A F F IC A N D
EXPENSES,
RATES.
VOLUM E
OF
The gross earnings for the year amounted to $51,276,280 35, an increase over the previous year of $7,750,191 89,
or 17.81%.
Freight earnings increased $6,031,009 18, or 18.27%,. The
number of tons of revenue freight hauled increased 1,700,303,
or 9.6962%; the number of tons hauled one mile increased
763,370,339, or 18.3055%, and the average distance each
ton of frc’ght was transported was 256.4 miles, an increase of
18.66 miles, or 7.85%.
The wheat hauled to Eastern terminals from stations east
of Minot, N. D., and north of Garretson, S. D., increased
12,444,100 bushels, equal to 373,323 tons.
Iron ore sh'pments during the year amounted to 5,337,523
gross tons, a decrease of 260,163 gross tons. There was a de
crease of 350,087 gross tons shipped during the fiist six
months of the fiscal year, as compared with the same period
of the preceding year. During the last s:x months of the
current fiscal year shipments increased 89,924 gross tons over
the same period of the preceding year.
The tonnage of revenue freight other than iron o r e and
cast bound wheat increased 1,587,143 tons and was general
|over the system.
The report for last year referred to a voluntary reduction
in gra:n rates effective September 1 1905. This reduction
amounted to about $750,000 00 for the nine months ended
$ 5 2 6 ,,0 0 0 0 0
There has been no change during the year in the bonded
debt of any of the Proprietary Companies.
During the year 32,000 00 Northern Pacific-Great Northern
Joint C. B. & Q. Collateral 4% Bonds have been issued in
payment for 10 shares of C. B. & Q. RR. Company’s Stock,
mak ng the total amount of these bonds and scrip outstand
ing June 30 1906 8215,225,200 00. The Chicago Burlington
<t Quincy Railway Company has collected the dividends on
the 1,076,126 shares of C. B. & Q. R R . Stock deposited as
collateral to secure these bonds, and paid the interest on the
joint bonds.
The £1.500,000 187,290,000 001 Collateral Notes issued
December 1 1903, as shown on page 7 of the report for year
ended June 30 1904, and payable December 1 1905, were
redeemed at maturity and the collateral security for these
notes, consisting of £2,000,000 of St. Paul Minneapolis A
Manitoba Company’s Pacific Extens;on Bonds, have been re
leased and returned to the Treasury of this Company.
65
88
37
53
84
18
60
73
June 30 1906.
1104
The following changes in rates were made during the year
or have been announced since the close of the fiscal year:
Distributing rates were put into effect from Sauk Centre,
Minn.. July 1 1905, and from Thief River Falls, Minn., on
Sept. 1 1905.
A new distance tariff was put into effect in Montana Aug.
15 1906, reducing the rates named in the former distance
tariff by about 10% .
On August 15 1906 new class rates were made from East
ern Terminals to Montana points, which were about 10%
lower than former rates.
September 1 1906 rates on grain from Stations in Minne
sota, North and South Dakota, Iowa and Nebraska to East
ern Terminals were reduced something over 10%.
September 10 1906 class rates from Far Western points to
Montana points were reduced about 10%.
October 22 1906 rates on hard and soft coal from Duluth,
Minn., Superior, Wis., St. Paul, Minn., and Minneapolis,
Minn., to stations in Minnesota, North and South Dakota,
Iowa and Nebraska will be reduced from five cents to one
dollar per ton. The greater reduction is made on soft coal,
which is more largely used.
The earnings of passenger trains increased $1,688,008 00,
or 16.9143%. Of this amount, $1,460,191 47 came from
passenger lares, $16,102 .35 from transportation of mail,
$97,635 64 from transportation of express matter, $105,946 17
from sleeping and chair cars, $8,873 64 from excess baggage
collections and $1,756 73 from miscellaneous sources. Pas
senger train mileage increased 699.035 miles, or 10.5638%.
The average revenue per passenger per mile decreased
thirty-one one-thousandths of one cent; the average distance
traveled by each passenger during the year was 75.9 miles,
as compared with 71.2 miles during the previous year. The
number of passengers carried during the year shows an in
crease of 12.4395%. The number of passengers carried one
mile increased 19.8324%.
Operating expenses increased $4,410,995 93, or 20.5718%.
Conducting Transportation increased $2,213,518 31, or
21.1552%,; the last mentioned increase being due directly
to the increased train service, the opening of additional sta
tions. increases in force and the general high prices prevail
ing for all classes of labor and material.
The average number of tons of revenue freight hauled per
train mile increased 7.412 tons (1.4184%) to 529.988 tons;
the average number o f tons of revenue freight per loaded
freight car was 20.038 tons, an increase during the year of
.038 tons, or .1900%.
Business conditions in the country served by the Com
pany’s lines are generally good. A good crop has just been
harvested and the people generally are prosperous.
NEW
L IN E S .
Last year’s report mentioned the completion of several
new lines which were not opened for business until after the
close of that fiscal year, and of other lines then under con
struction. Of all the lines so mentioned the following were
opened for operation during the fiscal year:
Dakota & Great Northern Ry.
Aug.
1 1905.
A u g . 25 1 9 0 5 .
O c t.
3 1905.
D ec.
1 1905.
Y o r k t o T h o r n e , N . D . , 3 4 .6 8 m ile s .
T o w n e r t o M a x b a s s , N . D . , 4 6 .1 3 m ile s .
W e s t h o p e t o A n t l e r , N . D . , 1 2 .7 6 m ile s .
M u n ic h t o S a r le s , N . D . , 2 0 .5 3 m ile s .
E lle n d a le to F o r b e s , N . D . , 1 3 .3 6 m ile s .
S t . J o h n , N . D . , t o I n t e r n a t io n a l B o u n d a r y , 3 .8 8 m ile s .
Washington & Great Northern Ry.
D ec.
1 1905.
[Vox.. LXXIUI.
THE CHRONICLE.
C u r le w , W a s h . , t o F e r r y o n In t e r n a t io n a l B o u n d a r y , 1 4 .5 2
m ile s .
The work on the line being built by the Washington &
Great Northern R y. Co. and the Vancouver Victoria & East
ern R y. & Nav. Co. from Midway to Keremeous, B. C., which
was described in last year’s report as in progress, has been
continued. Grading is nearly completed and track la3>ing
commenced June 20 1906.
The extension of the line of the Fanners’ Grain & Shipping
Company from Starkweather to Hansboro, N. D ., which was
referred to in last 37ear’s report,was completed Oct. 141905.
The Minnesota & Great Northern Railway Company’s
extension from Greenbush to Warroad, Minn., a distance of
44 miles, is graded, but track will not be laid this fall.
Several mining branches, between one and three miles in
length, have Been built during the year by the Eastern
Railway Company of Minnesota, in addition to many short
spurs which are considered as side tracks.
The following lines, in addition to those above mentioned
as not yet completed, are under construction:
Dakota. & Great Northern Ry. Co.:
A n e t a t o D e v i l ’ s L a k e , N . D . , 5 8 .6 0 m ile s .
T h is lin e w ill b e c o m p le t e d a b o u t N o v e m b e r 1 1 9 0 6 .
T r a c k is b e in g la id w it h 8 5 -p o u n d s te e l r a il, a n d b u ilt o n a lo w g r a d e
a n d in a s u b s t a n t ia l m a n n e r .
I t w ill fo r m a s h o r t m a in lin e b e tw e e n
S t . P a u l a n d t h e W e s t , a n d w ill h e lp t o r e lie v e t h e c o n g e s t io n of
t r a ff ic n o w e x is tin g o n t h e lin e b e t w e e n D e v i l ’s L a k e a n d G r a n d F o r k s .
B e r th o ld t o C r o s b y , N . D . , 8 9 .0 0 m ile s .
I t Is e x p e c t e d t o c o m p le t e th is lin e a b o u t D e c e m b e r 1 1 9 0 6 .
T h o r n e to D u n s e i t h , N . D . , 7 .0 0 m ile s .
T h is lin e w ill b e o p e n e d fo r b u s in e s s a b o u t O c t o b e r 15 1 9 0 6 .
Billings & Northern RR. Co.:
A r m i n g t o n t o L a u r e l, M o n t . , 1 9 9 .2 9 m ile s .
G r a d in g o n th is lin e c o m m e n c e d J u n e 1 1 9 0 6 , a n d t h e lin e w ill b e
p u s h e d T o c o m p le tio n as r a p id ly as p o s s ib le .
I t w ill fo r m a c o n n e c tio n
b e t w e e n t h e G r e a t N o r t h e r n a n d M o n t a n a C e n t r a l R a i lw a y s o n t h e
n o r th
a n d t h e N o r t h e r n P a c ific a n d B u r lin g t o n R a i lw a y s o n t h e
s o u t h , a n d o p e n u p n e w te r r ito r y in C e n tr a l M o n t a n a .
Brandon Saskatchewan & Hudson’s Bay Ru. Co.:
F r o m c o n n e c tio n a t I n t e r n a t io n a l B o u n d a r y w it h t h e D a k o t a & G r e a t
N o r th e r n R y . C o . ’ s e x te n s io n fr o m S t . J o h n , N . D . , to B r a n d o n , M a n .,
6 9 .4 5 m ile s .
W i l l b e c o m p le t e d a b o u t N o v e m b e r 1 1 9 0 6 .
T h i s lin e
ru n s th r o u g h a fin e c o u n t r y a lr e a d y w e ll d e v e lo p e d a n d f a r m e d .
Midland Railway Co. of Manitoba:
F r o m c o n n e c tio n a t N e c h e , N . D . , o n t h e In t e r n a tio n a l B o u n d a r y ,
w it h t h e S t .-'P . M . & M . R y . , t o P o r t a g e -la -P r a i r le , M a n . , 7 7 .0 1 m ile s .
T h i s lin w ill b e c o m p le t e d a b o u t N o v e m b e r 15 1 9 0 6 .
Surveys for several other new lines have been made dur
ing the year or are now in progress.
E Q U IP M E N T .
The following equipment has been sold or taken out of
service during the year:
3 lig h t G r e a t N o r t h e r n l o c o m o t i v e s ,
1 S e a t t le & M o n t a n a p a s s e n g e r a n d b a g g a g e c a r ,
15 E a s te r n H a llw a y o f M in n e s o t a c o m b i n a t i o n b o x a n d s t o c k c a r s ,
2 G r e a t N o r th e r n s t e a m s h o v e ls .
As stated in last year’s report there remained, undeliv
ered, of the equipment ordered: 27 locomotives, 53 passenger
cars. 1,550 freight cars and 4 snow plows.
During this year there were ordered 85 locomotives, 95
passenger cars, 200 refrigerator cars, 3,001 box cars, 500 flat
cars with sand s.dt-s, 1,050 steel ore cars, 400 ballast cars,
4 steam shovels, 2 wrecking cranes and 5 Lidgerwood unloaders.
Of the total new equipment undelivered at the close of
last year and ordered this year, the following had been
received and taken into account at the close of this year:
82 locomotives as follows :
6 P a c ific t y p e p a s s e n g e r l o c o m o t i v e s , 2 1 x 2 8 in . c y li n d e r s , w e ig h in g 1 6 1 ,9 0 0
p o u n d s on d r iv e r s ,
P a c ific t y p e p a s s e n g e r l o c o m o t i v e s , 2 2 x 3 0 in . c y li n d e r s , w e ig h in g 1 5 1 ,0 0 0
p o u n d s o n d r iv e r s ,
10 A t l a n t i c t y p e p a s s e n g e r lo c o m o t i v e s , 1 5 x 2 6 In . a n d 2 5 x 2 6 in . c y lin d e r s
w e ig h in g 1 1 2 ,0 0 0 p o u n d s o n d r iv e r s ,
2 7 P ra irie t y p e fr e ig h t l o c o m o t i v e s , 2 2 x 3 0 In . c y li n d e r s , w e ig h in g 1 5 1 ,0 0 9
p o u n d s o n d r iv e r s .
15 C o n s o lid a tio n fr e ig h t lo c o m o t i v e s , 2 0 x 3 2 in . c y lin d e r s , w e ig h in g 1 8 0 ,0 0 0
p o u n d s o n d r iv e r s ,
6 s ix w h e e l s w itc h in g l o c o m o t i v e s , 1 9 x 2 6 in . c y li n d e r s , w e ig h in g 1 3 5 ,0 0 0
p o u n d s o n d r iv e r s .
18
55 passenger service cars, as follows:
4 s ix te e n s e c t io n , fir s t-c la s s s le e p in g c a r s , 7 4 fe e t lo n g , 1 a s a d d it io n a l
e q u ip m e n t a n d 3 a s s ig n e d t o r e p la c e c a rs o u t o f s e r v ic e .
11 o b s e r v a t io n c o m p a r t m e n t c a r s , 7 2 f t . 8 in . lo n g ,
5 d in in g c a r s , 7 0 fe e t lo n g , 4 a s a d d it io n a l e q u ip m e n t a n d 1 in r e p la c e
m en t,
1 5 first cla ss c o a c h e s , 7 2 f e e t l o n g , 12 as a d d i t io n a l e q u ip m e n t a n d 3 in r e
p la c e m e n t ,
10 s m o k in g c a r s , 6 0 fe e t lo n g , 5 a s a d d it io n a l e q u ip m e n t a n d 5 in r e p la c e
m en t,
10 b a g g a g e a n d e x p r e s s c a r s , 6 0 fe e t l o n g , 8 a s a d d i t io n a l e q u ip m e n t a n d 2
in r e p la c e m e n t.
2,751 freight service cars as follows:
1 ,0 0 1
200
200
400
400
300
250
b o x c a r s , 8 0 ,0 0 0 p o u n d s c a p a c i t y , f o r t y fe e t l o n g , 7 5 2 a s a d d it io n a l
e q u ip m e n t a n d 2 4 9 In r e p la c e m e n t .
b o x c a r s , 8 0 ,0 0 0 p o u n d s c a p a c i t y , f o r t y f e e t lo n g , d ro p b o t t o m , 12
a s a d d it io n a l e q u ip m e n t a n d 1 8 8 in r e p la c e m e n t ,
r e fr ig e r a to r c a r s , 6 0 ,0 0 0 p o u n d s c a p a c i t y , t h i r t y - e i g h t fe e t lo n g , 1 9 5
as a d d itio n a l e q u ip m e n t a n d 5 in r e p la c e m e n t ,
f la t c a r s , 8 0 ,0 0 0 p o u n d s c a p a c i t y , f o r t y f e e t lo n g , e q u ip p e d w it h
s a n d s id e s , 3 8 9 as a d d it io n a l e q u ip m e n t a n d 11 in r e p la c e m e n t ,
b a lla s t c a r s , 1 0 0 ,0 0 0 p o u n d s c a p a c i t y , s te e l u n d e r -f r a m e . H a r t C o n
v e r t ib le ,
ore c a r s , 1 0 0 ,0 0 0 p o u n d s c a p a c i t y , s t e e l, fo r M o n t a n a C e n t r a l R a i l
w ay,
ore c a r s , 1 0 0 ,0 0 0 p o u n d s c a p a c i t y , s t e e l, fo r V a n c o u v e r V ic t o r ia &
E a ste r n R y . & N a v ig a tio n C o.
10 work service cars as follows:
4 s t e a m s h o v e ls , n i n e t y -f iv e t o n s , t h r e e -y a r d d ip p e r , 2 a s a d d i t io n a l
e q u ip m e n t a n d 2 in p la c e o f th o s e s o ld ,
2 s t e a m w r e c k in g c r a n e s , lift in g c a p a c i t y s e v e n t y - f i v e t o n s ,
4 N o . 1 R u s s e ll s n o w p lo w s .
All of this equipment is furnished with air-brakes and auto
matic couplers.
The remaining 30 locomotives, 93 passenger service cais,
3,950 freight service cars and 5 Lidgerwood unloading ma
chines are now being delivered.
During the year there have been built at the compan37’s
shops the following equipment:
1
5
34
4
b u s in e s s c a r ,
ca rs t o c a r r y L id g e r w o o d u n lo a d in g m a c h in e s ,
w a te r cars, an d
ste a m sh o vel ta n k s.
Also six hundred and fifty combination box and stock cars
have been converted into straight stock cars, fifty7 box cars
into beer cars, and seven box cars into fruit cars.
The decrease in number of tourist sleepers is occasioned
by converting eight of these cars into smoking cars, and in
dining cars b 37converting one into a business car.
Ten switch engines are now in process of construction at
Dale Street Shops, St. Paul.
There was expended during the year for equipment $4,314,492 18, of which $3,803,055 97 was charged to “ Equipment
A ccount.”
The cost of all equipment purchased in replacement of
that d estin e d or taken out of serivee has been charged to
the “ Fund for Replacement of Equipment.”
A D D IT IO N S
AND
IM P R O V E M E N T S .
Of the important work that was described in last year’s
report as being in progress at the close of that fiscal 3rear, the
following has been completed during the current 37ear:
Passenger station at Seattle, W ash., which, in connection
with the tunnel under the cit37 and the double track described
in last year’s report, is used jo in t s with the Northern Pa
cific Railway Com pan 3'; 13,1 i 3 feet of stone sea wall along
Puget Sound between Everett and Ballard; water front tracks
at Anacortcs; interlocking plants at Minneapolis, Minn.,
Boyleston, Wis., and Bridge 6, Mesabi Division; enlarge
ment of the Minot, N. D ., freight depot for Division offices;
change of grade, re-arrangement and enlargement of yard
and terminal buildings at HiltyArd, Wash.; brick passenger
station at Sioux Falls, S. D.; yard enlarged and terminal
buildings constructed at Breckenridge, Minn.; change of line
at Crater, Wash.; reduction of east-bound grade from 6-10
to 4-10 of one per cent between Breckenridge and Wayzata,
Minn., and bank widening and ballasting on the Northern
and Spokane Divisions.
■, ■i ■,&■l :j
NOV. 3 1906. J
In addition to completing the above-mentioned work,
there have been bnilt 3 brick and 1-1 frame stations, of which
three are in replacement; 11 small stations have been placed
-at other points which had no stations; standard stock yards
built at 35 stations; 3 large range loading yards; 21 section
houses, of which 3 are in replacement; 129 portable bunk
houses for track forces; 11 buildings for Store Department,
as store houses, oil houses, &c.; ice houses at 11 stations, of
which 2 are in replacement; 2 additiona; round houses and
1 in replacement; 5 large reservoirs in connection with water
-stations in North Dakota, and 3 settling reservoirs in connec
tion with water stations in Montana. A two-story brick car
repair shop 200x200 feet with lumber shed 30x198 feet has
been built at the Jackson Street Shops, St. Paul, Minn.; an
enclosed frame pavilion 04x112 feet built on the picnic
grounds at Spring Park, Minn.; a brick eating house 20x14
feet built at Earncsville, Minn., and a frame eating house
24x32 feet at Clancy. Mont.; a brick building 32x92 feet for
Division offices built at Crookston, Minn.; a car repair shed
40x600 feet built at Delta, Wash., and 380 lineal feet of snow
sheds near Alvin, Wash.
The Duluth Superior & Western Terminal Company built
during the year a 100-pocket extension to its Ore Dock No. 3,
at Allouez,Wis., increasing the storage capacity of that dock
bv 41.500 tons.
' Extensions or enlargements have been made to the depot
buildings at 14 stations and minor improvements at 84 sta
tions. The stock yards at 53 stations have been improved
by additions to pens, sheds, scales or water supply. The
water supply at 75 stations has been improved by raising
tanks, putting in pipe lines, stand pipes, additional wells or
installing power pumping plants. Twenty coaling stations,
4 round houses and 4 interlocking plants have been improved,
.-as also ice houses, shelter sheds, fruit sheds, car repairers’
houses. & c ., at 29 stations.
Loading platforms have been built at 20 stations and ma
chinery platforms at 4 stations.
Three 70-foot steel turn tables have replaced tables 58 and
00 feet in length, and 60 tons capacity track scales at Su
perior replaced by 100 tons capacity scales.
The vards at Clearwater Junction, Minn., Huron, S. D.,
Ellendale, N. D., Aberdeen, S. D., Larimore, N. D.. Minot,
X. D., and Interbay, Wash., have been enlarged.
A track, 1.33 miles long, has been built at Fargo,N.D., con
necting the Great Northern and Northern Pacific Railway
Companies’ tracks, and by using this connection and the
Northern Pacific tracks between Fargo and Casselton, N. D.,
Great Northern trains are now run direct between Fargo and
Aneta, N. D.
In addition to the tracks and yards mentioned above,
many additional passing and yard tracks have been built
•or extended. The net increase in side track mileage during
the year, not including tracks on new lines under construc
tion or opened for operation during the year was:
la n e s lea sed fr o m S t. P a u l M in n e a p o lis & M a n it o b a R y . C o
.5 4 .5 0 m iles
L in e s lea sed fr o m E a s te rn R a ilw a y C o. o f M in n e s o t a ------------------- 5.2 2
L in es lea sed fr o m D u lu th S u p e rio r & W e s te r n T e r m in a l C o . .
2.7 5
D u lu th W a t e r t o w n & P a c ific R a i l w a y ----------------- -------------------------- 1.01
D a k o t a A- G r e a t N o r th e r n R a ilw a y ------------------------------------------------- 5.21
“
S e a t t le & M o n ta n a R a ilr o a d --------------------------------------------------------6-53
W illm a r & S io u x F a lls R a ilw a y ------------------------------------------------------- 3 .3 7
'
M o n ta n a C en tra l R a i l w a y ________________________________________
21
7
M in n e a p o lis U n io n R a i l w a y -------------------------------- « « — --------------------04
‘
P a r k R a p id s & L e e c h L a k e R a ilw a y — i -------------------------------------- 1.0 0
S p o k a n e F a lls & N o r t h e r n S y s te m _ ----------------------------- ----------------- 4 .1 3
T o t a l b u i l t _____________________________ _________ _____ - _________ __.8 3 .9 7 m iles
L e s s — C r o w ’ s N est S o u th e r n R a i l w a y ----------------- ----------------------------17
N e t a d d itio n a l s id e tr a c k m ile a g e o n o ld lin e s ___________
________ 8 3 .8 0 m iles
The Company has furnished the track material for 14.4
miles of extensions by the Red River Lumber Company
to its logging spurs near Akeley, Minn., and for 10 miles of
logging railroad built by the Crookston Lumber Company
from Wilton to Island Lake, Minn.
The block system has been installed on the main lines of
the Dakota and Minot Divisions, between Larimore and Mi
not, N. D.. 178 miles, and the electric staff system of hand
ling trains through the Wickes and Cascade Tunnels.
During the year main tracks have been relaid as follows:
38.96 miles with 85-pound rail 182.08 miles with 80-pound
rail, 18.60 miles with 75-pound rail and 9.12 miles with
66Jo-pound rail (re-rolled from 75-pound section), total,
248.76 miles of track.
Embankments have been widened on 220.44 miles of road,
restored to grade on 267.25 miles, tracks ballasted with
gravel on 358.58 miles, and ballast renewed on 374.58 miles.
Fourteen hundred feet of track at Everett, Wash., have been
raised two feet to be above high water. About 1,740.000
tie plates have been placed in tracks during the year, and the
gravel decking of wooden bridges to lessen fire risks has been
continued.
Right-of-way fence has been built during the year as fol
lows:
Great Northern R ailw ay_____________ _____ ______ ___________ 77.05 miles
Eastern Hallway of Minnesota
.
______ _____________
28.6!)
Park Rapids & Leech Lake Railway
..
. -62
Minnesota & Great Northern Railway . ......... ................—
3.48
"
W illmar & Sioux Falls Railway ......................... ...................
- 5.04
’
......... .......
..
4.01
Duluth Watertown & Pacific R a ilw a y
Dakota & Great Northern Railway . .
. . ..................................
4.81) "
Montana & Great Northern Railway....................... ........................... 1.04
Montana Central Railway .........
................ ........ ........................
8 .2 5
’
Seattle <fc Montana R a ilr o a d ____ ____________ _____________ —
1.08
Total
1105
T H E C H R O N IC L E .
______________________________ ______- ............. ...... ............... 134.75 miles
The replacement, of wooden and iron bridges and trestles
with steel, or filling them with solid embankment, has been
continued during the year, the work done being:
Length of steel bridges built:
G reat N o r th e r n R a i l w a y . In r e p la c e m e n t S e a ttle & M o n ta n a R a ilr o a d , n e w o v e r h e a d b rid g e s
T ota l
------------------------------------------------
Lineal
feet
of
bridges
-----------
-
filled
on
G re a t N o rth e rn R a i l w a y -----------------------------------E astern R a ilw a y o f M in n e s o ta . ___________ .
W illm ar & Sioux Falls R ailw ay - ..........
....
.
_
.
.
old
2 ,1 4 0 feet
314 “
- - 2 ,4 5 4 feet
lines:
--------------.......
....................
2 ,3 1 0 feet
218 "
146
Montana Central R ailw ay------------------------------------------- ------------- 710 “
Seattle & Montana Railroad .............. ................................................... . 3,577 "
T o t a l .................... ................................................................................................... 6,1)70 fe e t
T h e r e w e re a b a n d o n e d o n a c c o u n t o f c h a n g e o f lin e a t C r a te r .W a s h . 384 feet
A n d o n a c c o u n t o f r e m o v a l o f t r a c k s o n S t. H ila ire B ra n ch
193
T o t a l lin e a l fe e t o f b r id g in g ta k e n o u t ---------------
_.
.7 ,5 4 7 fe e t
To provide the necessary water ways in place of bridges
filled as above, 3 masonry arch culverts, 12 concrete arch
culverts, 7 stone and concrete box culverts and 16 pipe cul
verts were built. Two hundred and four wooden box cul
verts were replaced by pipe culverts.
The following is the approximate yardage of material
moved during the year in changes of line, reduction of
grades, widening and raising banks, bridge filling, &t\:
In c h a n g e s o f lin e a n d r e d u c tio n o f g r a d e s ______ _________
I n w id e n in g , ra isin g a n d g e n e r a lly r e s to r in g b a n k s
In fillin g b rid g e s ---------------------------------------------------------------------In fillin g a p p r o a c h t o A llo u e z B a y O re D o c k s . . . . .
In fillin g S e a ttle T id e L a n d s -------------------------------------------F o r b a lla s tin g (g r a v e l) ______________________________________
T o t a l ----------------------------------------------- -----------------------------------
7 3 3 ,5 9 1 e u . y d s .
7 6 0 ,9 1 8 “ ‘
1 88 ,6 5 9 “
2 1 ,4 5 6 “
9 3 7 ,1 9 7 “
9 9 5 ,7 9 2 "
- .3 ,6 3 7 ,6 1 3 c u . y d s .
There were also placed on old lines:
M a s o n r y -------------------------------------- ---------------- ------------ ---------------C o n c r e t e --------- ---------- ------------------------------------------------------------ ...
R i p r a p ________________________________ ______ ___________________
3 7 ,8 1 3 c u . y d s .
1 2 ,2 2 6 ••
2 4 ,3 6 0 “
T o t a l -----------------------------------------------------------------------------------------
7 4 ,3 9 9 c u . y d s .
Following the plan of previous years, only such amounts
as represented cost of actual additions to and improvements
of the property have been charged to “ Additions and Im
provements,” and the entire amount charged to that account
during the year on the lines leased from the St. Paul Min
neapolis & Manitoba Company, or $2,786,291 69, has been
transferred to “ Fund for Permanent Improvements and
Renewals,” so that the Great Northern Railway Company
is not carrying on its books as an asset the cost of any addi
tions to or improvements of the lines leased from the Mani
toba Company.
All replacements, renewals, <fec., have been charged to
“ Operating Expenses ” The amount included in “ Mainte
nance of Roacl and Structures” this year for extraordinary
expenditures is $2,583,054 71.
The following is a list of some of the more important
pieces of work now in progress:
Change o f L i n e . — New main line 4.52 miles in length be
tween Grand Forks Junction and Schuermeier, N. D., for the
purpose of bringing the line from Ncche, N. D., into the new
freight terminals at Grand Forks, N. I).
Extension of 6-10 mile from Neche, N. D., to connection at
International Boundary with line being built by the Midland
Railway of Manitoba to Portage la Prairie, Man.
D ou b le T r a c k .— Ferndale to Long Lake, Minn., 2.8 miles,
Carman to Crookston, Minn., 1.4 miles; Grand Forks to
Grand Forks Junction, N. D., 4.0 miles; Devils Lake to
Grand Harbor, N. D., 7.3 miles.
G rade R e d u c tio n s . —Reducing all west-bound grades be
tween Wayzata and Breckenridge, Minn., 191.13 miles from,
6-10 of one per cent to a maximum of 4-10 of one per cent.
Reducing all east-bound and a portion of the west-bound
grades between Casselton and Aneta, N. I)., 67.41 miles,
to a maximum of 4-10 of one per cent, so that on the comple
tion of the line now being built between Aneta and Devil’s
Lake there will be a main line between Devil’s Lake and
Minneapolis, 384.53 miles, with east-bound grades not ex
ceeding 4-10 of one per cent.
N ew T erm in a l Y a rd s an d B u ild in g s . —At Cedar Lake (near
Minneapolis), Breckenridge, Minn., Grand Forks, N. D.,
Casselton, N. D., and Devil’s Lake, N. D., including shops at
Devil’s Lake.
E n largem ent o f Y a r d s .— At Superior, Wis., Cass Lake,
Minn., Willmar, Minn., Carman, Minn, and Minot, N. D.
B rick D e p o ts . —At Alexandria, Minn., Benson, Minn.,
Aberdeen, S. ID., Ellendale, N. D., Fargo, N. I)., Devil’s
Lake, N. D., and Rugby, N. D.
M is c e lla n e o u s .— New 25-stall brick round house at Jackson St., St. Paul; two miles of stone sea wall along Puget
Sound between Metum and Richmond Beach, Wash., with
grade for second track; many additional 4,000 feet passing
tracks and lap sidings, and the extension of present passing
tracks to the length of 4,000 feet.
Respectfully submitted,
L. W. HILL,
V ic c-P r es id e n t.
1 106
EAKNINGS, OPERATING EXPENSES, TAXES, &c., OF R A IL W A Y
SYSTEM FOR YEAR ENDED JUNE 30 1906 AND 1905.
N o te . — These figures do not include the Spokane Falls & Nor. R y . System.
Per
Gross Earnings.
Per
Cent.
1906.
Class.
1905.
Cent.
76.1458 $39,044,731 56 Freight ..............
$33,013,722 38 75.8481
18.4504
9,460,658 93 P assenger.....................
8,000,467 46 18.3809
2 0517
1,052,039 38 M a ll___________________
1,035,937 03 2.3800
1.1583
* 593,954 69 E xp ress............................
496,319 05 1.1403
2.1938
1,124,895 79 Miscellaneous__________
979.642 54 2.2507
$51,276,280 35
Per
Cent.
49.0341
18.6464
24.9614
7.3581
1906.
$12,676,736
4,820,649
6,453,240
1,902,296
l VOL. LXXXI1L
THE CHRONICLE
$25,852,922 94
Su m m ary
Class.
1905.
Conducting T ra n sp orts.$10,463,218
Maintenance of Equip.
3,749,131
Maint. of Way & Struc.
5,571,188
General Expenses_______ 1,658,388
33
28
72
68
Per
Cent.
48.7979
17.4851
25.9827
7.7343
Total__________________ $21,441,927 01
o f Earnings and
Expenses.
1905.
Gross E arnings____ ______ __________________ $43 526,08$ Ak
O perating E xp en ses.............. ............................. 21,441,927 01
$25,423,357 41
N et E arn in gs_______________________ ________ $22,084,161 45
1,7 71,5 96 35
1 ,5 1 6 ,9 2 2 62
$23,651,761
Taxes _____________________________ ________ _____________
06
In com e from O p era tion _______________________________ $ 2 0 , 5 6 7 , 2 3 8 83
50.42
O perating E xpen ses, per cen t
E a r n in g s ................................
53.87
O perating E xpenses and T a x e s, per cent o f
Gross E arn in gs___________
52.75
T o t a l................... ............$43,526,088 46
Operating Expenses.
64
71
37
22
1906.
$51,276,280 35
25,852,922 94
of
Gross
49.26
$8,681 49
4,377 11
Gross T raffic Earnings per m ile o f r o a d ________
O perating E xpenses per m ile o f r o a d _________
$7,605 04
3,746 41
$4,304 38
N et Earnings per m ile o f r o a d _________ . . .
$3,858 63
5,906.39
A verage Miles o f R o a d under O p e r a tio n ._
5,723.32
STATEMENT SHOWING THE REVENUE FOR THE YEAR ENDED JUNE 30 1906 OF THE GREAT NORTHERN R AILW AY COMPANY AND
P R O PR IE T A R Y COMPANIES.
Gross
E arnings.
C O M P A N IE S .
Operating
E xpenses.
Taxes
Incom e from
Operation.
M is cellaneous
Incom e
Received.
Total.
Great N orthern R a ilw a y _____
___________________
. - $46,259,550 12 $23,133,081 11
Railways—
2,840,227 43
1,483,487 31
M ontana Central R y
------------------------------------- __ —
2,017,921 94
1,157,282 82
W illm ar & S iou x Falls R y _ _ --------------------------------- --------158,580 86
79,071 70
D uluth W atertow n Sc P acific R y ---------- ------------------------
$1,605,801 09 $21,520,667 92
T otal R ailw ay System P ro p e r___________ .
------------ $51,276,280 35 $25,852,922 94
Other Com panies—
1,412,243 83
_______
Spokan e Falls Sc N orthern R ailw ay S y stem ________
854,873 76
290,664 09
82,286 08
M inneapolis Union R ailw ay _________________ _ ---------------59,882 05
M inneapolis W estern R a ilw a y ____ __
____________
38,971 65
37,591 17
D uluth Term inal R a ilw a y ___________________________________
24,091 17
$1,771 596 35 $23,651,761 06
54
57
01
00
$1,334,422 43 $24,986,183 49
M
574,632 74
64,770 20
9,982 71
217,177 28
18,324 57
80 56
13,500 00
_ $53,076,661 49 $26,853,145 60
$1,822,953 81 $24,400,562 18
$1,409,255 90 $25,809,818 08
T ota l for S y s t e m _________ —
_______ __ __
54,651 42
102,367 43
8,776 41
47,507 63
1,183 44
2,666 39
$1,298,802 13 $22,819,470 05
27,426 02
7,912 28
282 00
1,302,088 70
758,271 69
70,732 75
509,862
207,194
18,244
13,500
1,329,514 72
766,183 97
71,014 75
EXPLA N A TO RY NOTE.
Dividends.— Out of the net Income of the Companies named, the following dividends have been declared:
Montana Central Railway Company________________________________________________________ $350,000 00
Willmar & Sioux Falls Railway C om pany___________________________________________________ 490,000 00
Minneapolis Union Railway C om p a n y______________________________________________________
50,000 00
T o ta l__________________________________________________________________________________ $890,000 00
Which amount is not included in the ‘‘ Miscellaneous Income ” of the Great Northern Railway as given in the above table, but is added to the “ Miscel
laneous Income” in the income account below.
fc •
£*• Duluth Terminal Railway Co.— This company is the owner of the railway used by the Great Northern Railway to secure entrance into Duluth, and of
extensive yards in Duluth. Its stock and bonds are all owned by the Eastern Railway Company of Minnesota. Under the franchise of the Duluth Termi
nal Railway Co., its earnings derived from trackage are limited to 6% on its stock and bonds: the interest and dividends paid, amounting to $13,500 00,
are not included in the “ Miscellaneous Income” above shown.
REVENUE ACCOUNT GREAT NORTHERN R A IL W A Y COMPANY.
Earnings from Operation of the Lines Leased and Operated by the Great
Northern R ailw ay C om p a n y.
Year ended June 30 1906.
Earnings—
$34,898,734 94
Freight ____
8,778,865 55
Passenger
983,490 70
M a il_______
554,154 26
E xpress____
1,044,304 67
Miscellaneous
Gross Earnings__________________________________ ______ $46,259,550 12
Operating Expenses—
Conducting Transportation____________________ $11,275,37866
Maintenance of Equipment____________________
4,427,93284
Maintenance of Road and Structures__________
5,768,15599
General Expenses_________________________
1,661,613 62
Total Operating Expenses
$23,133,081 11
1,605,801 09 24,738,882 20
T a x e s___________ ________
Income from Operation------------------------------------------------- $21,520,667 92
From which have been paid—
Rentals—
To St. P, M. Sc M. Ry. C o . Guaranteed Interest on St. P. M. & M. Ry.
Co.’s Bonds, paid and accrued________ $3,547,212 57
Guaranteed Dividends of 6 per cent on Cap
ital Stock of St. P. M. & M. Ry. Co----1,200,000 00
Maintenance of Organization St. P. M. &
M. Ry. Co____________________________
6,859 82
To Eastern Ry. Co. of Minnesota—
Guaranteed Interest on Bonds and Guar
anteed Dividend of 6 per cent on the
Capital Stock of Eastern Ry. Co. of
Minnesota, paid and accrued__________
1,395,000 00
Other Rentals____________________________ -______96,945 07
Total R en tals___________________________ $6,246,017 46
From which deduct amount received by Great
Northern Ry. Co. as dividends paid or ac
crued on stocks of the St. P. M. & M. Ry.
Co. and Eastern Ry. Co. of Minnesota,
owned by it_________________________ ____ 2,138,922 50
Net Rentals_______________ ______________ $4,107,094 96
Transferred to Special Funds—
To “ Fund for Permanent Improvements
and Renewals,” to make good amount
charged against that fund during the
y e a r ______________________ $2,786,291 69To “ Fund for Replacement of
Equipment,” as explained
on page 1 1 0 3 _______________ 2,344.618 59
Total transferred to Funds_______________ 5,130,910 28
Total_________ _____ _____ ___________ ___________________
9,238,005 24
Balance transferred to Income Account________________ $12,282,662 68
INCOME ACCOUNT GREAT NORTHERN R A IL W A Y COMPANY.
Year ended June 30 1906.
Balance transferred from Revenue Account_______________$12,282,662 68
Other Income—
Interest on Bonds Owned___________________ $397,405 55
Dividends on Stock Owned_________________
965,246 50
Rental of Leased Lines_____________________
123,823 52
Bills Receivable (Land Notes)---------------------2,709 16
282.208 98
Renta! of Equipment and Car Service-----------General Interest and Profit from Securities Sold
142,015 77
Income from other sources— ground rent, mis
cellaneous items, &c______________________
288,892 65 2,202,302 13
DETAILS OF OTHER INCOME.
Interest on Bonds Owned:
Duluth Terminal Ry. Co. Bonds______________^__$10,500 00
Minnesota Transfer Ry. Co. Bonds_______________ 2,028 88
Willmar & Sioux Falls Ry. Co. Bonds___________
1,050 00
Park Rapids & Leech Lake R y. Co. Bonds__________ 25,00000
Farmers’ Grain & Shipping Co. Bonds______________
3,46667
Butte Anaconda & Pacific Ry. Co. Bonds___________ 50,00000
Spokane Falls & Northern Ry. Co. Bonds___________ 154,80000
Nelson & Ft. Sheppard Ry. Co. Bonds______________ 77,58000
Columbia & Red Mountain R y. Co. Bonds___________ 17,46000
Red Mountain Ry. Co. Bonds___________________ 13,020 00
Duluth Superior & Western Terminal Co. B onds._ 20,000 00
Duluth & Superior Bridge Co. 1st Mortgage Bonds 22,500 00
Total _______ _____ _______ ____________ _______
$397,405 55
Dividends on Stocks Owned:
Great NorthernRy. Co. Stock___________________ $3,846 50
St. Paul Union Depot Co. Stock_________________ 4,000 00
Duluth Terminal Ry. Co. Stock__________________
3,000 00
Montana Central Ry. Co. Stock__________________ 350,000 00
Minneapolis Union Ry. Co. Stock________________ 50,000 00
Willmar & Sioux Falls Ry. Co. Stock_____________490,000 00
Park Rapids & Leech Lake Ry. Co. Stock________ 35,000 00
Butte Anaconda & Pacific R y. Co. Stock_________ 29,400 00
T o ta l_________________________________________
$965,246 50
STATEMENT OF BONDS AND STOCKS OUTSTANDING IN THE
HANDS OF THE PUBLIC FOR WHICH THE GREAT
NORTHERN R A ILW AY COMPANY IS RESPON
SIBLE DIRECTLY” OR UNDER GUARANTY.
Outstanding Annual Charges
Outstanding
July 1 1905.
Bonds.
Due. July 1 1906. Paid 1905-1906
$
6.790.000
5.073.000
13.344.000
19 322,000
10.185.000
19,393,939
$
St. Paul M. Sc M. R y.—
00 Second mtge., 6 % _____ 1909
6.470,000
00 Dakota Extension, 6% . 1910
4,939 000
00 Consol. Mtge., 6 % ____ 1933 13.344.000
00 Consol. Mtge., 4%%__1933 19.250.000
00 Montana Exten., 4%__1937 10.185.000
39 Pacific Extension, 4%_1940 *19,393,939
S
00
00
00
00
00
39
Total shown above
4,700,000 00
5,000,000 00
235.000 00
200.000 00
6,000,000 00
4,000.000 00
360.000 00
200.000 00
3,646,000 00
182,300 00
2,150,000 00
650,000 00
129,000 00
32,500 00
500,000 00
25,000 00
Total Bonds on Ry. Prop__ 100,227,939 39 4.911,012 57
Stock.
359,500 00 St. P. M. Sc M. R y.— 6%
guar., unexchanged__
101.113,439 39
00
00
00
00
00
57
3,547,212 57
Eastern Ry. of Minn.—
4.700.000 00 1st Div., 1st M., 5%___190S
5.000. 000 00 Nor D iv ., 1st M ., 4%_1948
Montana Central R y.—
6.000.000 00
First Mortgage, 6 % ___ 1937
4.000. 000 00 First Mortgage, 5 % ___ 1937
Willmar&SiouxFallsRy.—
3.646.000 00 First Mortgage, 5 % __ 1938
Minneapolis Union R y.—
2.150.000 00
First Mortgage. 6 % ___ 1922
650.000 00
First Mortgage, 5%___1922
MinneapollsWesternRy.—
500.000 00 First Mortgage, 5 % __ 1911
100,753,939 39
396,030
299,020
800,640
868,365
407,400
775,757
Total___________________
124,365,625 00 Great. Northern Ry. Co.,
outstanding____________
a
347,000 00 Net 21,077 50
100,574,939 39 4,932,090 07
149,546,050 00 9,148,520 50
Total In com e__________________________________________ $14,484,964 81
Against which have been charged—
* Not including £2,000,000 St. P. M. Sc M. Ry. Co Pacific Extension
Interest Paid and Accrued on £1,500,000
Bonds in Treasury of the Great Northern Railway Company.
Sterling Loan of December 1 1903-1905------ $151,875 00
a Difference between amount of rental accrued under lease and dividends
Dividends, as follows—
received and accrued on St. P. M. & M. Ry. Stock owned by the Great
Aug. 1 1905— 1 % % on 5124,380.600 00____ 2,176,660 50
Northern Railway Company.
Nov. 1 1905— 1 % % on
124,418,100 00____ 2,177,316 75
Tn addition to the bonds above listed, the Great Northern and Northern
Feb. 1 1906— 1 % % on
124,468,100 00______2,178,191 75
May 1 1906— 1 % % on
149,505,800 00____ 2,616,351
50 9,300,39550 Pacific Companies have Issued their joint C. B. Sc Q. Collateral 4% bonds
and scrip to the amount of $215,225,200 00, secured by deposit with the
Standard Trust Co. of New York as Trustee of 1,076,126 shares of
Balance transferred to Profit and L oss__________ _______ $5,184,569 31
Capital Stock fo the Chicago Burlington & Quincy RaBroad Company.
Nov. 3 1906.]
1107
THE CHRONICLE
B »n d s on railway' p rop erty outstanding as a b o v e .................$100,227,939 39
O utstanding capital stock o f G reat N orthern and St. P . M.
& ^1. Railway' C om panies---------- ---------------------------------------- 149,893,150 00
E Q U IP M E N T O F T H E G R E A T N O R T H E R N R A I L W A Y C O M P A N Y
i*-Vd
jA E 5 r~ »3 ik A N D P R O P R I E T A R Y L IN E S , ii +
T otal capitalization o f sy stem ---------------------------------------$250,121,039 39
Mileage o f T rack In S ystem , Including secon d , th ird , fourth and
fifth tracks covered by the a b o v e ca p ita liza tion .........................
6,358.62
Stocks and B onds per mile o f Main T r a c k ........................................... $39,335 75
U lleage o f Main Tracks covered b y b onds In the hands o f the
p u b l i c ........................................................................... - .............................
4,828.72
B onded D ebt outstanding per mile o f main track covered thereby' $20,756 63
F o r ’ Yenr E nded June 30 19 06 , as C o m p a r e d with Year E nded June 30 1905.
1906.
786
600
Class—
L ocom otives ..........................
Passenger E q u ip m e n t-------B ox and S tock C a r s .............
F lat, G on dola and Ore Cars
W ork E q u ip m e n t.................
1905.
707
559
23.298
7,979
1,593
9,057
1,658
S T A T IS T IC S O F F R E IG H T A N D P A S S E N G E R T R A F F IC ON S Y S T E M (B U T N O T IN C L U D IN G S P O K A N E F A L L S Sc N O R T H E R N
S Y S T E M ) F O R T H E Y E A R E N D E D JU N E 30 1906. C O M P A R E D W IT H T H E P R E V IO U S Y E A R .
D escription.
1906.
ItY
Increase.
1905.
A m ount
P e r c e n t.
F R E IG H T T R A F F IC —
Mileage o f Freight Train s________________________________________________ _______
Mileage o f M ixed T rain s------------------------------------------------------------ --------------------------
8,693,439
615,314
7,398,689
581,311
1,294,750
34,003
17.4997
5.8494
T o t a l____________________________________________________________________________
9,308 753
7,980,000
1,328,753
16.6510
Mileage o f L ocom otives em p loy ed in “ h elp in g” Freight and M ixed Trains
Percentage o f “ h elp ing” to R evenue Train M ileage___________________________
188,313
2.3598
248,265
2.6670
59,952
4.5119
31.8364
Mileage o f L oaded Freight C ars--------------------------------- -----------------------------------------M ileage o f E m p ty Freight Cars_________________________________________________
246,21 l ,799
99,048,287
208,509,803
89,669,939
37,701.996
9,378,348
18.0810
10.4587
T ota l Car M ileage------------------------- --------------- ----------------------------------------------------
345,260,086
29S ,179,742
47,080,344
15.7892
Tons o f Freight Carried—
R e v e n u e __________________________________ - — - 2 ------------------------------------------C o m p a n y _____ __________________________________________ ______________________
19,236,092
2,488,944
17,535,789
2,071,507
1,700,303
417,437
9.6962
20.1513
T o t a l_____________ _______ _____________ _____________ _______ ______ _____________
21 725,036
19,607,296
2,117,740
10.8008
4,933 530,997
5,497,195,987
$39,563,465 60
4,170,160,658
4,600,809.944
$33,512,743 53
37.09
37.37
Tons o f R even u e Freight Carried One M ile___________________________________
T otal Tons Carried One Mile (R ev en u e and C om p an y F r e ig h t)___________
Earnings from Freight T r a ffic ---------------------------------------------------------------------------Averages—
A ll Cars H auled per Freight T rain M ile-------------------------------------------’----------------
Earnings per T on per M ile------------------------------------------ ---------- ---------------------------P A S S E N G E R T R A F F IC —
M ileage Passenger T rain s------------ ------------------------------------------------Mileage L ocom otiv es em p loyed in “ h elping” Passenger Trains
Percentage o f “ helping” to R even u e Train M ileage-----------------Passengers C a r r ie d ----------------------------------------------------------------- — Passengers Carried One M ile______________ ------------------------ --------Earnings o f Passenger T rain s_____ _______________________________
Averages—
Earnings per Passenger Train M ile_______.______________________
Cents
Total Trains—
M ileage o f Freight and Passenger T rain s_______________________
Earnings from Freight and Passenger T rain s___________________
Earnings per Train per M ile _____________________________________
Expenses per Train per M ile_____________________________________
N et T raffic Earnings per T rain per M ile________________________
.791
Cents
.792
7,316,332
63,282
0.8649
5,297,288
402 ,066 ,S41
$11,667,763 58
6,617,297
29,719
0.4991
4,711,234
335,524,414
$9,979,757 58
699,035
10.5638
112.9345
33,563
4.8013
12.4395
586,054
19.8324
66,542,427
$1,688,006 00
16.9143
$1 5948
$1 5081
$0 0867
5.7490
D eer ease
.031
1.3003
Cents
Earnings per Passenger per M ile----------------------------------- _ --------- -
522,576
20.000
$4 20
529,988
20.038
$4 25
T on s R even u e Freight H auled per T r a i n -------------- ----------------------------------------T on s R even u e Freight Hauled per L oaded C ar----------------------------------------------Earnings per Freight T rain M ile-------------------------------------------------------------------------
763,370,339
18.3055
19.4832
896,386,043
$6,050,722 07
18 0550
D eer ease
.7493
.28
Incr ease
1.4184
7.412
.1900
.038
1.1905
$0.05
Dear ease
.1263
Cents
.001
2.353
16,625,085
$51,231,229
$3
1
1
18
08
55
53
Cents
2.384
14,597,297
$43,492,501
$2
1
1
11
98
47
51
Cents
Incr ease
13.8915
2,027,788
17.7932
$7,738,728 07
$0 10
3.3557
5.4422
08
1.3245
02
N ote.— The T rain, L o co m o tiv e and Car M ileage figures given a b ov e have been com piled and all com p u ta tion s based u p on th em m ade In a c
cord an ce w ith the rules o f the In ter-S tate C om m erce C om m ission.
L A N D CO M M ISSIO N ER’S R E P O R T .
M r. James J . Hill, President:
Dear Sir:— I respectfully submit the following report re
garding the Minneapolis & St. Cloud Land Grant for the fiscal
year ended June 30 1906.
A cres.
T h e tota l acreage earned is_________ ._____________
425,664.00
O f which there has been deeded to th e C om pany'425,660.90
T o ta l acreage sold to June 30 1906, less sales
ca n celed __________________________ _ _
404,443 64
V alue o f sam e__________ _______________________ $1,286,753 99
A verage price per a cre _________________________
$ 3 .IS
21,220 36
R em aining unsold June 30 1906
Operations D u rin g the Year—
320.75
Sales, a cres_____________________________ ______ ________________ _____
1,200 00
A m ou qt sold f o r _____________________ ______ _______________________
3 74
A verage price per a cre _____________________________________________
R eceipts of Land D ep artm en t_____________________________________ 85,846 64
4,088 14
Disbursem ents o f Land D ep artm en t______________________________
A m ou n t o f defr-rred paym ents due C om p an y, w hich are bearing
Interest at 6 % _________________________________ __________________ 116,065 47
$
CHARLES H. BABCOCK,
Land C om m issioner.
R E P O R T OF L A N D C O M M IS S IO N E R , ST . P A U L M IN N E A P O L IS Sc
M A N IT O B A R Y . CO.
To M r. Louis W . H ill, President,
St. Paul Minneapolis & Manitoba R y. Co.
D ear Sir: I respectfully submit the following report of
operation of the Land Department for the year ending June
30 1906 :
Ow^ng to sales and other disposals o f land w ithin the lim its o f the G rant
by' the U nited States prior to the tim e at w hich this co m p a n y ’s right a t
ta ch ed , a final a dju stm en t o f the Grant b y th e G overn m en t, w h ich is a p
proaching com p letion , will reduce the a b ov e area b y a bou t 650,000 acres.
During the year ended June 30 1906 3,270.60 acres o f land were sold fo r
$32,094.91, an average o f $9.81 per acre. T h ere w ere sold 30 lots for
$1,770.00, an average price per lot o f $59.00.
T he num ber o f land sales during the year was 69, w ith an average o f a bou t
47.40 acres to each purchase. •
*.1
•; v *! *- *'k.&$
S T . \ P A U L “ M IN N E A P O L IS ” d T M A M T O B A “ R A IT A V X \ ~ C 0 M P 7 \ N Y ^
s:\ •U U • S IN K IN G F U N D A C C O U N T , C O N S O L ID A T E D
•t7rH -r-1 *j • • • •
M O R T G A G E B O N D S.
June 30 1906. B y Credits during the year:
F rom Land D epartm ent as per L an d C om m issioner’ s R e p o r t_ $ 5 8 5 ,550 85
R even u e T o d d C ou nty L a n ds__________________ ________________
224 72
T ota l C redits______ ________________________________ - ________ $585,775 57
D ebits—
To R ep a ym en t o f am ount adva n ced to the Sinking
Fund during the year ending June 30 1905, as per
page 45 last R e p o r t________________________________ $2,483 01
B onds purchased byr T rustee and ca n ce le d ________ 575,749 92
------------------ 578,232 93
June 30 1906, B alance, being funds a pp licable to
further redem ption o f B o n d s _____________________
CASH R E C E IP T S OF L A N D D E P A R T M E N T F O R T H E Y E A R E N D E D
JU N E 30 1906.
Cash Sales and Installm ents o f P rin cipal on N ew Land C on
tracts ____________________ _____________________________________
$5,385 66
A m ou n t o f Principal received on Old C on tra cts__________________ 525,631 76
A m ou n t received for Trespass, S tu m page, Grass Sales, Sec---------1,656 93
A m ou n t received for Interest on Old and N ew C on tra cts________
69,805 08
A m oifn t received for Principal and Interest on T o w n L ot C on
tracts __________________________________________________________
3,814 01
Less E xpense o f Land D epartm en t and T ru stee__________________
A cres.
T otal acreage o f Land Grant com pu ted at ten
sections for each mile o f roa d , as form erly
construed b y the State o f M innesota_________
A cres.
3,848,000.00
T otal acreage of Land Grant as construed b y
U nited State- General Land O ffice .....................
T otal acreage deeded to C om pany prior to June
30 1906___________________ ________ ____________ 3,224,650.97
Less— Decreed to N orthern P acific
R R . Co. b y Suprem e Court o f
U nited States. March 2 1891____ 365,860.92
D ecreed to Northern Pacific R R .
Co. In a ccord an ce with term s of
settlem ent of N ov. 1 1897............ 48,984.08
R e-deeded to United States . . . .
4,863.74
---------------- 419,708.74
3,479,611.36
R em aining ■•*•!* J n e 3t 1 9 0 6 ________________
_________
$606,293 51
20,742 66
N et R e ce ip ts____________________________________________________ $585,550 86
A m ou n t o f Deferred P aym en ts due this C om pany on Land C on
tracts bearing Interest*at 6 % _____________________ __________ $897,785 51
A m ou n t o f Deferred P aym ents due this C om pany on T o w n Lots
bearing Interest a t 6 % .............................. ............. ............. ..................
4,876 3 t
$902,601 81
N et acreage deeded to C^rmpany___________ 2,804,942.23
T » ta l acreage sold prler to June 30 1906________3,003,869.10
Bess sales ca n celed -------- ------------------------------------335,071.92
--------------------
$7,542 64
2.668,797.18
810,814.18
Referring to that portion o f report for the y'ear ending June 30 1893, re
lating to lands lying within the limits o f the Grant on w hat Is now th e Da
kota side o f the R ed R iv er, the C om pany has re-con veyed to the United
States a total o f 64,277.92 acres, for which the C om pany Is authorized t#
locate an equivalent am ount elsewhere. T h e C om pany has select “ 1,
June 30 1906 62,647 90 acres in lieu of a part o f the a b o v e am ount.
The follow ing are the sales during the year of lands so selected:
57.94 acres for $1,069 10, an average per acre o f --------------$18.54
R eceipts during the y e a r . . .............. - ...................... ...........................
$2,031.26
T axes p aid. Expenses o f E xam in ation and Selection o f
Land and other disbursem ents m ade during the year in
con n ection with G r a n t.............. ................................. .............
7,138
T h e rem aining lands are In process o f adjustm ent w ith the G overnm ent.
C H A R L E S H. B A BC O C K .
and C /mmissioncr.
1 108
[VOL. LXXXIII.
THE CHRONICLE
CON DENSED G E N E R A L
BALANCE SH EET
J U N E 30 1906.
B ein g a C on solid ation of the G eneral B ala n ce Sheets o f that D o te o f the
St.
Paul
Minneapolis
Sioux
Falls
&
Ry.
M anitoba
Co.,
Ry.
D uluth
Minneapolis
Co.,
Great
W atertow n
U nio n
Ry.
M ontana
Northern
&
C o.,
&
Pacific
Ry.
Ry.
Minneapolis
Great
C o.,
Co.,
Eastern
W estern
Northern
Ry.
Ry.
Co.
of
M innesota,
Seattle & M o n ta n a R R . C o.
Ry.
Co.
Co.,
and
Dakota
Duluth
&
Great
Terminal
M ontana
Park R a p id s &
Ry.
Northern
Central
Leech
Ry.
Ry.
Co.,
W iU m ar
Lake R y . Co
,
Co.,
Co
C r.
D r.
C apital Stock.
R a ilw a y P ro p erly .
B y A u th o rize d cap ital s to c k o f th e G reat
N orth ern R y . C o ., issu able Jun e 30
1900 _____ ______________________________$ 15 0,0 0 0,0 00 00
L ess A m o u n t held in treasu ry o f c o m
p a n y , as e x p la in e d on p a ge 1 10 6 _____
4 53 ,95 0 00
T o C ost o f ra ilw a y , e q u ip m en t and lands
ow n ed b y th e S t. Haul M in n eap olis Sc
M a n ito b a K y . C o - . .. ________ - _______ $ 12 9,3 7 0,0 62 46
C ost o f a d d ition s and im p rov em en ts
m a d e b y th e G reat N orth ern R y . C o.
to p r o p e r ty leased fro m th e S t. P . M.
Sc M . R y . C o. and p a id fo r from
•‘ F u n d fo r P erm a n en t Im p ro v e m e n ts
a n d R e n e w a ls ” ________________________
11,6 11 ,7 16 05
T o t a l co s t to J u n e 30 1906 o f p ro p e rty
leased from S t. P . M . Sc M. R y . C o —
C ost o f th e fo llo w in g p rop erties c o n
trolled b y th e G reat N orth ern R y . C o.
th rou g h ow n ersh ip o f th eir en tire
share capital-—
E astern R y . o f M in n esota — ra ilw a y ,
e q u ip m e n t, ele v a to rs, e t c ____________ $ 2 9 ,59 6 ,89 9
M on ta n a C entral R y .— ra ilw a y and
1 5,648,887
e q u ip m e n t ------------------------ ------------------W illm a r & S io u x F alls R y .— ra ilw a y ,
9 ,39 9 ,9 1 5
e q u ip m e n t and real e s ta te ____________
D u lu th W a te rto w n Sc P a cific R y .— ra il
2 ,2 7 5 ,1 2 4
w a y ______________________________________
S ea ttle Sc M on ta n a R R . — ra ilw a y a n d
equipment_________________________ 2 0 ,2 5 8 ,4 5 4
P a rk R a p id s Sc L e e ch L a k e R y .— ra il
1 ,023,471
w a y and e q u ip m e n t___________________
M inneapolis U n ion R y .— U n ion d e p o t,
3 .1 6 6 ,6 4 5
ra ilw a y , e t c ____________________________
M in n eap olis W estern R y .— ra ilw a y and
7 52 ,16 7
e q u ip m e n t _____________________________
D a k o ta Sc G reat N orth ern R y .— ra ilw a y
3 ,6 5 1 ,6 9 7
M on ta n a Sc G reat N orth . R y .— ra ilw a y _
3 ,1 7 8 ,5 6 8
(E x clu s iv e Of $ 6 ,9 1 0 ,0 0 0 00 St. P . M.
& M . R y . Im p ro v e m e n t b o n d s n o t
sh ow n con tra .)
$ 1 4 0 ,9 8 1 ,7 7 8 51
C apital s to ck o f G reat N orth ern R y . C o.
issued a n d o u tsta n d in g and p a id for
b u t n o t Issued_________________________ $ 1 4 9 ,5 4 6 ,0 5 0 00
C apital s to ck o f th e S t. P.
M . & M . R y . C o _______$ 20 ,0 0 0 ,0 0 0 00
Less ow n ed b y G t. N or.
R y . C o. (see con tra ) . - 1 9,6 53 ,0 00 00
O u ts ta n d in g __________________________
T o ta l ca p ita l s to c k o u tsta n d in g in
hands o f th e p u b lic ________________
3 47.000 00
$ 1 4 9 ,8 9 3 ,0 5 0 00
50
F u n d ed D ebt i n H an d s o f P u b lic.
39
S i. P a u l M in n ea p o lis & M a n ito b a R y . Co.
bonds, th e p rin cip a l and in terest o f
w h ich are gu a r, b y th e G t. N . R y . Co_ $ 73 ,5 8 1 ,9 3 9 39
90
28
B onds of P ro p rieta ry C om p a n ies, p rin ci
p a l and in terest g u a ra n teed b y th e
G reat N orth ern R y . C o _________________
04
83
2 6 ,6 4 6 ,0 0 0 00
T o ta l (details on p a g e 1 1 0 6 ) _____ $100,227,9<39 39
84
N .P .-G . N ., J o in t C .B . & V .
co ll, tru st 4 % b o n d s
and s c r ip _______________$21 5,2 2 5,2 00 00
Less N orth ern P a cific R y .
C o .’s p r o p o r t i o n ______1 07 ,61 2 ,60 0 00 1 07 ,6 1 2 ,6 0 0 00
48
15
70
2 0 7 ,8 4 0 ,5 3 9 3 9
Total capital lia bilities
$ 3 5 7 ,7 3 3 ,5 8 9 39
$ 8 8 ,9 5 1 ,8 3 2 11
C ost o f D u lu th T erm in a l R y . , th e b on d s
and en tire ca p ita l s to c k o f w h ich are
o w n e d b y th e E astern R y . C o. o f
M in n e s o t a _____________________________
St. P a u l M in n ea p o lis &, M a n ito b a R a ilw a y C om p a n y's B on d s R edeem ed
through O peration o f S in k in g F u n d s.
396,541 28
8 9 ,3 4 8 ,3 7 3 39
$ 5 ,9 2 8 ,4 0 0 00
5 ,9 9 7 ,0 0 0 00
1 1 ,9 2 5 ,4 0 0 00
T o ta l co st o f p r o p e r ty o f G reat N orth ern
R a ilw a y lin e ________________ ___________
$ 23 0,3 3 0,1 51 90
Other P r o p e r tie s , S ecu rities and In vestm en ts.
C ost o f s to c k in th e L a k e S u p erior T e r
m in al Sc T ra n sfer C o ., ow n ed b y th e
E astern R a ilw a y C o. o f M in n esota ___
$ 15,700
C ost o f s to c k o f th e S io u x C ity & W e s t
ern R y . C o ., o w n e d b y th e W illm a r &
S io u x F alls R y . C o ____________________
2 ,5 0 0 ,0 0 0
W is co n s in C entral R y . C o .’ s M in n eapolis
term in a l b o n d s o w n e d b y th e M in
n eap olis U n io n R a ilw a y C o ___________
2 47,500
C ost o f p rop erties and secu rities ow n e d
ow n e d b y th e G reat N orth ern R y . Co_ 1 57 ,1 0 0 ,4 9 6
, C urrent L ia bilities.
Of Land D epartm en t St. P a u l M in n ea p o lis & M a n ito b a B y .
A u d ite d v o u ch e rs u n p a id ________________
$1,440
1,474
U n p a id p a y -r o lls _________________________
D u e to o th e r co m p a n ies a n d in d iv id u a ls
3,90 8
00
Co.
26
95
33
6,823 54'
Sinkin g fu n d a p p lica b le to re d e m p tio n
o f b o n d s ________________ _______________
00
7 .5 4 2 64
Of Great N orthern R y . C o. and P ro p rieta ry C o's above nam ed.
$ 2 ,9 6 6 ,8 7 5 14
A u d ite d v o u ch e rs u n p a id ________________
U n p a id p a y -r o lls _________________________
2 ,0 8 5 ,5 0 6 84
U n p a id co u p o n s, in clu d in g th o se d ue
J u ly 1 1 906____________________________
1 ,6 3 6 ,8 0 5 02
U n p a id d ivid en d s G reat N o rth e rn R y .
C o s t o c k ______________________________
913 50
00
79
T o t a l________________________________$ 15 9,8 6 3,6 96 79
L ess p a r va lu e o f th e fo llo w in g securities
ow n ed b y th e G reat N orth ern R y . Co.
and n o t sh ow n con tra :
T h e en tire ca p ita l s to c k o f —
E astern R y . C o. o f
M inn _______ _______ $ 16,000 000 00
M on ta n a C en t. R y . Co. 5 ,0 0 0 ,0 0 0 00
W illm a r & S io u x Falls
R y . C o _____________
7 ,0 0 0 ,0 0 0 00
D u b W a t. & P a c .R y .C o .
7 30 ,00 0 00
S ea ttle & M o n t.R R .C o . 1 4 ,0 0 0 ,0 0 0 00
P a rk R a p id s & L eech
Lake R y . Co
5 00.000 00
M in n e a p .U n io n R y .C o _
5 00.000 00
2 50.000 00
M tn n e a p .W e s t.R y .C o _
D a k .& G t N o r .R y Co_
2 , 0 00,000 00
M on t.& G t.N o r .R y .C o .
7 ,0 0 0 ,0 0 0 00
A n d th e en tire issue o f
b o n d s o f the
D u l.W a t.& P ac. R y .C o. 1,37 5,00 0 00
P a rk R a p id s & L eech
5 00 ,00 0 00
L a k e R y . C o ________
T o t a l______________ $ 5 4 ,8 5 5 ,0 0 0 00
196,530 shares o f ca p ita l
s to ck o f th e S t. P .
M & M. R y . C o ____ 19,6 53 ,0 00 00
£ 2 ,0 0 0 ,0 0 0 S t. P . M . &
M . R y . C o .’ s P a cific
e x ten sion m tg e.b d s_
9 ,6 9 6 .9 6 9 70
S t. P . M . Sc M . R y . C o .’s
im p r o v e m e n t b on d s.
5 ,0 0 0 ,0 0 0 00
F irst m o rtg a g e la n d g ra n t b o n d s _______
C on solid a ted m o rtg a g e b o n d s ___________
6 .6 9 0 .1 0 0 5 0
D eferred L ia b ilitie s.
A cc ru e d ta x e s , n o t d u e __________________
B on d in terest, a ccru e d , n o t d u e ________
R en ta l o f S t. P . M . Sc M R y - , D u lu th ,
S u p erior a n d W7estern T erm in a l C o .,
E astern R y . C o. o f M in n esota , a c
cru ed , n o t d ue— L ess a ccru e d d i v i
den d s on stock s o f th o se co m p a n ies
ow n ed b y th e G reat N orth ern R y . Co_
$762,968 17
16,941 66
3 02,610 00
1 , 0 $ 2 ,519 S3
Con ti ngent L ia b ili ties.
C ost o f a d d ition s a n d im p ro v e m e n ts
m a d e b y th e G reat N o rth e rn R y . Co
to p r o p e r ty leased fro m S t. P . M . &
M . R y . C o. and p a id fo r fr o m ‘ ‘ F u n d
fo r P erm a n en t Im p ro v e m e n ts a n d R e
n ew a ls” ________________________________ $ 1 1 ,6 1 1 .7 1 6
U n e x p e n d e d b a la n ce o f 4’ F u n d for P e r
m a n en t Im p ro v e m e n ts Sc R e n e w a ls ” .
6,88 8,43 1
F u n d fo r re p la ce m e n t o f e q u ip m e n t. _ __
4 ,2 5 1 ,0 5 1
In su ra n ce f u n d __________________________
4 41,743
Surplus fu n d s o f p ro p rie ta r y co m p a n ies
d ep osited w ith th e G reat N o rth e rn R y
C o ______________________________________
9 ,1 7 2 ,4 6 9
8 9 ,2 0 4 ,9 6 9 70
05
69
25
11
68
3 2,3 65 .4 11 7 3
C ost o f p ro p e rtie s , secu rities a n d in v e st
m en ts a fter d e d u ctin g p a r va lu e o f
stock s a n d b on d s n o t sh ow n c o n tr a .
C ost o f securities in hands o f tru stee o f
N . P .-G . N . J oin t C. B . ScQ. b on d s
and scrip (1 ,0 7 6 ,1 2 6 shares o f C. B.
& Q. R R . ca p ita l s to c k , G reat N o r
th ern R y . C o ., o n e -h a lf o w n e r s )___
1 0 9 ,11 3 .90 9 76
Total capital a ssets_____ ___________
$ 41 0,1 0 2,7 88 75
P ro fit and L oss.
7 0 ,6 5 8 ,7 2 7 09
B alan ce o f S t. P . M inn. Sc M an. R y . C o .
G reat N o rth e rn R y . C o. a n d a b o v e n am ed p ro p rie ta ry c o m p a n ie s _______
$ 2,032,104 13
2 5 ,5 7 1 ,4 5 3 99
2 7 .6 0 3 ,5 5 8 12-
C urrent A ssets.
O f L a n d D ep a rtm en t, St. P a u l M in n ea p o lis & M a n itob a R y . Co.
C a s h _________________ _____________________________________
O f Great N orth ern R y. Co. and P rop rieta ry C o.'s above nam ed.
Cash in S t. P a u l o f fic e _________________
$1,2 12 ,8 07 26
Cash In N ew Y o r k o ffice .
1 2,1 68 ,9 30 55
Cash in L o n d o n o f f i c e _________________
302,071 48
D u e fro m a g e n t s ______________________
2 ,26 6 ,7 0 8 93
D u e fro m U . S. P o s t-O ffic e D e p t ____
263 832 53
D u e fro m U . S. t r a n s p o r t a t io n _______
114,658 23
D u e fr o m C an a dian P o s t-O ffic e D ep t_
622,00
A d v a n c e d ch a rg e s _____________________
67,575 93
B ills r e c e iv a b le ________________________
3 ,7 9 3 ,6 6 3 64
D u e fro m oth er c o ’ s a n d in d iv id u a ls _
3 ,07 5 ,6 2 2 52
V a lu e o f m aterial a n d fuel o n h an d__
14,366 IS
2 3 ,2 6 6 ,4 9 3 07
4 ,0 3 1 ,2 9 7 80
$ 43 7,4 1 4,9 45 80
$ 4 3 7 ,4 1 4 ,9 4 5 SO
Nov.
190().J
i 10!)
T H E C H R O N IC L E
NORTHERN PACIFIC RAILWAY COMPANY.
TENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE :«> 1906.
Office of the Northern Pacific Ry. C o. ,
St. P aul, Minnesota.
September 28 1906.
To the Stockholders of the Northern Pacific Railway Company:
The following, being the Tenth Annual Report, shows the
result of the operation of your property for the fiscal year
ending June 30 1906:
INCOME ACCOUNT.
1905.
Earnings:
1906.
F re ig h t ................................... $ 3 6,86 1.13 1 77
P a s se n g e r................................ 11 ,335 ,8 52 07
M all, E x p ress an d M iscel
la n eou s ...........................
2 ,5 2 5 ,9 0 1
T o ta ls
$ 7 ,1 8 0 ,3 3 4 74
3 ,0 3 2 ,3 0 9 32
88 2 ,8 1 3 ,7 8 7 78
2 8 7,88 5 90
_______________ $ 5 0 ,7 2 2 ,8 8 5 72 $ 6 1 ,2 2 3 ,4 7 5 68 $1 0 ,5 0 0 ,5 8 9 96
P er m ile (a v e r a g e )------O p era tlu g E x p en ses:
C o n d u ctin g
T ra n sp orta tlo n ____________________
M a in ten a n ce o f
E q u ip
m e n t ___________ _______
M a in ten a n ce o f R o a d and
S tru ctu res __ ________
G eneral E x p e n s e s ________
T o ta ls
Increase.
$ 4 4 ,0 4 1 ,4 6 6 51
1 4 ,368 ,2 21 39
$1 1,33 5 29
$1,791 85
$ 1 5 ,6 7 3 ,3 4 8 43
$ 3 .107 ,6 0S 62
5 .0 5 3 ,5 8 6 34
5 ,9 4 4 ,1 1 9 08
89 0,53 2 74
7 ,3 4 5 ,8 2 0 70
1,8 43,61 1 69
7 ,4 9 3 ,7 2 9 90
1 ,9 8 4 ,2 3 4 90
147,909 20
140,623 21
$3 1 ,0 9 5 ,4 3 2 31
$ 4 ,2 8 6 ,6 7 3 77
5 0 .8 %
$5 ,757 20
2 .0 %
$713 17
$9 ,543 44
_______________
P er Cent o f G ross E arn
ings -----------------------------P er m ile (a v e r a g e )________
5 2 .8 %
$5,044 03
N e t E a rn in gs
. ________ . $2 3,914,127 18 $ 3 0 ,1 2 8 ,0 4 3 37
4 7 .2 %
4 9 .2 %
P er cen t o f G ross _ _______
$5,578 09
$4,499 41
P er m ile (av erag e) _ - _
$
1
,6
0
1
,0
0
0
$
2
,2
1
3 ,0 4 0
L ess T a x e s ________ ____ __
3 .2 %
3 .6 %
P er cen t o f G ross E arn in gs
$409 74
P er m ile (a v era g e) _ _
$301 23
L e a v i n g _______ ______________
Add:
D iv id e n d s an d in terest on
secu rities o w n e d an d
in terest on d e p o s its ____
$ 2 7 ,9 1 5 ,0 0 3 37
OPERATING EXPENSES.
M A IN T E N A N C E O F E Q U I P M E N T .
The charges for maintenance of equipment were $5,944,119 08, an increase of $890,532 74, or 17.6 per cent.
All equipment in service was maintained in good condition.
L O C O M O T IV E S .
T o ta l n u m b er o f en gin es on a c tiv e list Ju n e 30 1 9 0 5 ....................................9 15
A d d itio n s :
$ 6 ,2 1 3 ,9 1 6 19
P u rch a sed . P a cific ty p e p a ssen g er lo c o m o t iv e s _______________________ 20
2 .0 % i
M ik a d o ty p e freig h t lo c o m o t iv e s __________________________ 44
$1,078 68
P rairie t y p e fre ig h t lo c o m o t iv e s ________________________
20
$612 ,0 40
S ix-w h eel sw itch lo c o m o t iv e s ____ _______
8
•4 %
—
92
$108 51
1,007
$ 5 ,6 0 1 ,8 7 6 19
D e d u ctio n s :
S o ld , s cra p p e d or d is c a r d e d _______________ _______ _______________ ______ 2
1 ,7 1 9 .3 4 6 20
2 0 2 ,2 2 0 83
21 $ 2 9 ,6 3 4 ,3 4 9 57
$ 5 ,3 9 9 ,6 5 5 36
$ 6 ,9 8 6 ,1 4 0 00
160,469 30
1 0 ,8 5 0 ,0 0 0 00
$38,156 67
33
30
00
$38,15 6 67
S u rp lu s fo r y e a r ......................... S 6 ,276,241 58 $ 1 1 ,6 3 7 ,7 4 0 27
$ 5 ,3 6 1 ,4 9 8 69
L ess a m ou n t a p p ro p r ia te d
fr o m in co m e fo r a d d ition s
t o an d b etterm en ts o f
ex istin g lines
_ _
$ 3 ,0 0 0 ,0 0 0 00
L ess a m ou n t a p p ro p r ia te d
fo r d e p re cia tio n o f e q u ip m e n t _____
L ess a m o u n t a p p ro p r ia te d
fo r th e In su ra n ce F u n d - T o ta l a p p r o p r ia tio n s ___ $ 3 ,0 0 0 ,0 0 0 00
$ 3 ,2 7 6 ,2 4 1 58
2 ,0 0 0 ,0 0 0 00
$ 2 ,0 0 0 ,0 0 0 00
1 ,0 8 1 ,9 8 0 16
1 ,0 8 1 ,9 8 0 16
$ 6 ,0 8 1 ,9 8 0 16
$ 3 ,0 8 1 ,9 8 0 10
$ 5 ,5 5 5 ,7 6 0 11
$ 2 ,2 7 9 ,5 1 8 53
N o te. — Black F a ce d e n o te decrea se.
MILEAGE OPERATED.
Changes have taken place in the mileage operated during
the year as follows:
There were added—
*rr
M iles.
F a rg o & S ou th w estern B ra n ch , E d g e le y to S treeter, N orth D a k o t a .
39.88
S y k eston B ra n ch . D enh otf t o T u rtle L a k e , N orth D a k o t a ....................
30.52
S u n n y sid e B ra n ch , T op p en lsh t o S u n n y s id e ; W a s h in g to n ___________
11.98
P en in su lar B ra n ch , H o q u ia m t o M o ciip s, W a s h ____________________
27.84
C la rk ’s F o rk B ra n ch , e x te n d e d near B rld g er. M o n ta n a _____________
.28
B u rke B ra n ch , e x te n d e d n ear B u rk e, I d a h o _____ ____________________
.14
T o ta l a d d itio n s _____________________________________________________
110.64
Deductions: Track was taken up on the following
branches—
C ok ed a le B ra n ch . C oal S p ur t o C oa k d a le M o n ta n a ____ _____ 1.43
G a y lo rd & R u b y V a lle y B ra n ch , M o n ta n a ________________
.52
P o n y B ra n ch , M o n ta n a ____________________________________________ .50
B o u ld e r B ra n ch , M o n ta n a _________________________________________ 3.57
W a s h in g to n C en tral B ra n ch , W a s h in g to n _______________________ .41
C o rre ctio n s b y re c h a ln in g _________________________________________
6.4 3
.64
7.07
N et a d d itio n s ______________________________________________________
103.57
M ileage o p e ra te d J u n e 30 1905 ___________________________ __________
5 ,3 2 5 .6 8
M ileage o p e r a te d J u n e 30 1 9 0 6 _________ ___________ ___________________ 5,4 2 9 .2 5
A v e ra g e m ileage o p e ra te d d u rin g y e a r . .
________
...
..................5,4 0 1 .1 4
EARNINGS.
F R E IG H T
The capacity of all engines on active list as compared with
last year is shown approximately by the following statement
of total weights:
N um
ber.
915
92
Total Weight
on Drivers.
1 0 6 ,6 1 9 ,0 7 3
1 5 ,8 5 2 ,0 0 0
Total Weight
of Engines.
1 4 5 ,2 5 2 ,5 3 7
2 0 ,9 7 1 ,0 0 0
1,007
2
12 2 ,4 7 1 ,0 7 3
130,000
1 6 6 .2 2 3 ,5 3 7
176,250
A ssig n m en t Ju n e 30 1 9 0 6 ________ ______ _ 1,005
90
N et Increase _ _
.
--------- _
_______ - .9 .8 4 %
P ercen ta ge o f in crease . _
1 2 2 ,3 4 1 ,0 7 3
1 5 ,7 2 2 ,0 0 0
1 4 .7 5 %
1 6 6 ,0 4 7 ,2 8 7
2 0 ,7 9 4 ,7 5 0
14^32%
A ssig n m en t Ju n e 30 1 9 0 5 - .. -----A d d e d d u rin g fiscal y e a r .
___
$ 3 ,0 0 0 ,0 0 0 00
T o ta l d e d u ctio n s
In addition to the 2 locomotives on active list sold or
scrapped, there were 44 locomotives sold or scrapped from
the superannuated list, leaving 41 still on that list.
H A U L IN G C A P A C IT Y .
_ _ ------ $1 7 ,9 5 8 ,4 5 2 63 $ 1 7 ,9 9 6 ,6 0 9 30
N e t su rplu s for th e y e a r ____
B U S IN E S S .
T o ta l n u m b er on a c tiv e list Ju n e 30 1 9 0 6 ._______________ _________ 1 ,0 0 5
1 ,9 2 1 .5 6 7 03
S 2 4 ,23 4,694
Deduct:
In terest on b o n d s . . ___ $ 6 ,9 4 7 ,9 8 3
160,469
R e n ta ls o f leased lin e s ____
D iv id e n d s on s t o c k .
1 0 ,8 5 0 ,0 0 0
T o ta ls
PASSENGER
Passenger earnings were $14,368,221 39, an increase of
$3,032,369 32, or 26.8 per cent, over the previous year.
Mail earnings were $910,208 70, an increase of $524 15, or
.1 per cent.
Express earnings were $966,265 10, an increase of $135,425 10, or 16.3 per cent.
The total earnings for persons and property carried
on passenger trains were $16,244,695 19, an increase of
$3,168,318 57, or 24.2 per cent, over the previous year.
The number of passengers carried was 5,920,2S0, an in
crease of 777,389 over the previous year, and the number of
passengers carried one mile was 659,050,227, an increase of
170,527,755, or 34.91 per cent.
The miles run by passenger trains were 8,057,721, an in
crease of 1,270,922, or 18.73 per cent.
The rate per passenger per mile was .0209 and .0223 last
year, a decrease of 6.28 per cent.
B U S IN E S S .
Freight earnings were $44,041,466 51, an increase of
$7,180,334 74, or 19.5 per cent, over the previous year.
5,245,260,080 tons of revenue freight were moved one mile,
an increase of 885,595,879 tons one mile, or 20.31 per cent
over the previous year.
The rate per ton per mile decreased from .00832 to .00828,
a rate lower than that received by many railroads in more
thickly populated country.
The revenue train-load increased from 366.52 to 400.47
tons.
—
S o ld , s cra p p e d o r d is ca rd e d , fiscal y e a r .
P A S S E N G E R E Q U IP M E N T .
On June 30 1905 the Company owned 749 passenger-train
cars, including 84 sleeping cars owned jointty with the Pull
man Company; on June 30 1906 808 passenger-train cars,,
including 78 sleeping cars owned jointly with the Pullman
Company, a net increase of 59. The number of each kind
of car owned is shown in table on page 33 of pamphlet report
Eleven Pullman sleeping cars were received and put in c
service in July 1905.
F R E IG H T
E Q U IP M E N T .
Comparative statement of number and capacity of freight
cars:
---------1905-------------------------- 1906----------- — Increase—
Capacity
Capacity
Capacity
N o.
(Tons.)
N o.
(Tons.)
N o. (Tons )
B o x ____ ________
20 ,812
6 2 1,18 6 20 ,857
6 5 0,33 5
45 29,149
F u rn itu re _________________
522
13,090
511
12 ,8 3 5
II
255
R e f r i g e r a t o r _____________
669
16,480
709
17 715
40
1,235
F r u i t '___________
28
685
6
140
22
545S t o c k ______________________ 1,243
27 ,625
2,0 27
5 2 ,4 9 5
784 24 ,870
F l a t _______________________ 7 ,7 1 2
2 3 7,82 3
7.4 86
237.307
226
516
O i l ________________________
223
3 .5 9 0
133
2 ,1 6 0
90 1,430
C oal
______
2 ,8 6 3
9 0 .0 2 0
3,121
12 1.92 0
558 31 .900
B allast and o r e ___________ i ,063
39 .7 4 5
947
36 ,725
116 3,0 20
T o t a ls _____ ______ ______ 35 ,1 3 5 1 ,0 5 0 ,2 4 4 30 ,097 1 ,1 3 1 .6 3 2
P ercen ta ge o f In crease___
____
_______
____
_______
A v e ra g e c a p a c it y per c a r . ^___
29.9
____
31 .3
962 81 ,3 8 8
2.7
7 .7
—
1.4
X o U \— F ig u r e s In black fa c e d e n o t e d e c re a se .
Between June 30 1905 and the date of this report the Com
pany has purchased 7,000 forty-ton box cars, of which 2,000
iiave been received since the close of the fiscal year, and 500
fifty-ton coal cars, all of which have been received.
The Company has authorized the construction in its own
shops of 500 forty-ton box cars, 1,000 stock cars, 1,000 flat
cars and 150 refrigerator cars, a total of 2,650 cars, of which
1,015 have been received since the close of the fiscal year.
The Company purchased for 1906 deliver}* 182 engines, of
which there have been received to date 110, and tin* balance,
72, are to be delivered prior to December 1.
M A IN T E N A N C E
OF
W A Y
AND
STRUCTURES.
The charges for Maintenance of Way and Structures were
$7,493,729 90, an increase of $147,909 20, or 2 per cent.
The property was well maintained and improved, as shown
by the following:
1110
THE CHRONICLE.
PERM ANENT
W AY.
N e w s e c o n d t r a c k la id w it h 8 5 -p o u n d r a i l .......................................
7 .6 7
M a in lin e r e -la id w it h n e w 8 5 -p o u n d r a i l _________ ______ ______ 1 6 0 .6 5
S e c o n d t r a c k r e -la ld w ith n e w 8 5 -p o u n d r a i l ..................... ............
.6 0
S id in g s a n d s p u r t r a c k s c o n s t r u c t e d ------------------------------- ------------ 1 1 0 .1 9
T r a c k b a l l a s t e d ______________________________________________________ 1 3 6 .5 6
E m b a n k m e n t w i d e n e d ______________________________________________
4 0 .1 0
C r o s s -t ie r e n e w a ls , m a in l i n e _______________________________________ 9 4 6 ,0 8 7
C r o s s -t ie r e n e w a ls , b r a n c h l i n e s --------------------5 2 1 ,1 7 5
T i m b e r b r id g e s r e p la c e d b y p e r m a n e n t s tr u c t u r e s a n d e m
b a n k m e n t s , 1 2 4 , e q u a l t o ________________________________________
2 .1 7
T i m b e r b r id g e s r e n e w e d ____________________________________________
43
T i m b e r c u lv e r t s r e p la c e d b y s t o n e , Iro n o r t i l e ________________
177
N e w s t o c k fe n c e c o n s t r u c t e d _______________________________________ 2 9 0 .6 7
m ile s .
“
“
tie s .
m ile s .
m ile s .
[V O L . L X X X III.
R e a l E s t a t e a n d R ig h t o f W a y ___________________________________
$ 1 3 9 ,1 2 6 5 »
N e w b r a n c h e s , e x t e n s io n s a n d s e c o n d m a in t r a c k ______________ 1 ,4 7 0 ,3 * 1 55
N e w E q u ip m e n t —
L o c o m o t i v e s ______ _ ________ ____________________________$ 8 8 9 ,6 8 4 6 1
P a s s e n g e r c a r s __________________________________________ 6 4 2 ,5 8 6 88
F r e l g h t c a r s .......................... ............ ......................... ................. 9 8 4 ,0 3 8 27
--------------------- 2 ,5 1 6 ,3 0 8 76
T o t a l e x p e n d e d f r o m b e t t e r m e n t s a n d e n la r g e m e n t f u n d s - - $ 4 ,1 2 5 ,7 9 S 81
I n a d d it i o n t o t h e a b o v e t h e r e h a s b e e n a d v a n c e d In p a r t p a y
m e n t o f t h is c o m p a n y ’s p r o p o r t i o n o f c o s t o f n e w p a s s e n g e r
s t a t io n a n d fr e ig h t t e r m in a ls a t S e a t t le , b u t n o t d r a w n
f r o m t h e b e t t e r m e n t a n d e n la r g e m e n t f u n d s ________________
4 3 7 ,1 0 4 3 *
A ls o la n d p u r c h a s e d a t S e a t t l e ______ - _____________________________
5 1 ,1 5 1 85
5 4 ,6 1 4 ,0 5 3 02
B R ID G E S .
BETTERM ENT
D u rin g th e y ea r 173 b rid g e s w ere re p la ce d an d 3 elim in a ted
b y lines ch a n g ed an d a b a n d o n e d ; 43 w ere re p la ce d b y tim
b er stru ctu res, and 6 p e rm a n e n t an d 124 tim b e r stru ctu res
w ere rep la ced in p e rm a n e n t fo r m as fo llo w s :
R e p la c e d b y e m b a n k m e n t ..1 0 5 b r id g e s ,
R e p la c e d b y p la t e g ir d e r s
a n d I - b e a m s ____________________ 22
“
R e p la c e d b y s te e l t r u s s e s ______
3
“
T o t a l ____________
.1 3 0
“
B R ID G E S A S T H E Y
1 2 ,0 8 0 lin e a l fe e t .
1 ,4 1 8
1 ,9 9 6
“
1 5 ,4 9 4
“
E X IS T
JU N E
“
30 1 9 0 6 .
Aggregate Length.
T o t a ls
_________________________________________ ______ 3 ,0 6 9
FUN DS
T o t a l a m o u n t p r o v id e d t o J u n e 30 1 9 0 5 a s p e r a n n u a l
r e p o r t o f t h a t d a t e _______ ____________________________________ $ 4 3 ,0 4 2 ,8 6 9 27
A d d e d s in c e as fo llo w s :
P r o c e e d s o f s a le o f $ 1 ,5 0 0 ,0 0 0 p r io r lie n b o n d s , p r o v id e d
u n d e r A r t ic le O n e , S e c t io n 4 (2) o f m o r t g a g e ________________
1 ,5 3 7 ,5 0 0 00
P r o c e e d s o f n o t e o f W a s h in g t o n & O r e g o n R a i l w a y C o _______
3 2 7 ,5 9 9 67
N e t m o n e y s fr o m la n d s a le s d r a w n f r o m t r u s t e e _____________
2 ,0 1 2 ,4 8 5 84
N e t la n d sa le s L it t le F a lls & D a k o t a R R . t o O c t . 31 1 9 0 5 _ _
3 3 8 ,7 3 8 78
P r o c e e d s o f sa le o f s u n d r y p r o p e r t y ______________________________
1 8 ,0 3 5 27
I n t e r e s t o n f u n d s a llo w e d b y t r u s t e e ____________________ ______
2 2 ,9 4 4 02
— 2 .9 3 m ile
C as s. h In h a n d s o f t r u s t e e _____________________ ___________ :_________
4 ,7 8 1 47
P r io r lie n b o n d s in t r e a s u r y ______________________________________
1 ,5 0 0 ,0 0 0 00
No. LinealFeet. Miles
S te e l, ir o n a n d s t o n e p e r m a n e n t b r i d g e s _______________ 4 3 8
T i m b e r a n d c o m b in a t i o n ir o n a n d t im b e r s t r u c t u r e s .2 ,6 3 1
AND
ENLARGEM ENT
J U N E 30 1906.
5 8 ,5 9 7
3 7 7 ,0 5 0
1 1 .1 0
7 1 .4 1
4 3 5 ,6 4 7
8 2 .5 1
T h e to ta l len g th o f tim b e r s tru ctu re s re p la ce d b y steel
b rid g e s, em b a n k m e n ts o r in o th e r p e rm a n e n t fo r m fro m
J u ly 1 1885, w h en th e w o rk w as c o m m e n c e d , to June 30
1906, is 103.76 m iles.
T h e large brid g e o v e r th e M issouri R iv e r , a t B ism a rck ,
w as c o m p le te d d u rin g th e fiscal y e a r.
T h e large b rid g e o v e r th e C olu m b ia R iv e r , a t P a s c o , w as
n o t co m p le te d on June 30, b u t w ill b e c o m p le te d b y O c to b e r 1.
F o r ty steel brid g es are n o w u n d e r c o n s tr u c tio n .
T o t a l __________________________________________ '_________________ $ 4 8 ,8 0 4 ,9 5 4 32
L e ss ca s h in h a n d s o f t r u s t e e J u n e 30 1 9 0 5 ____
$ 7 2 9 ,7 3 9 44
L e s s p r io r lie n b o n d s in tr e a s u r y J u n e 30 1 9 0 5 . 1 ,5 0 0 ,0 0 0 00
---------- -------------2 ,2 2 9 ,7 3 9 4 4
T o t a l a m o u n t p r o v i d e d ______________________________________ $ 4 6 ,5 7 5 ,2 1 4 88
A c c o u n t e d f o r as f o llo w s :
A m o u n t e x p e n d e d t o .June 30 1 9 0 5 _____________$ 4 2 ,4 2 7 ,2 9 2 85
L e ss a m o u n t s n o t c e r t ifie d t o t r u s t e e __________
3 6 ,8 7 9 93
$ 4 2 ,3 9 0 ,4 1 2 92
4 ,1 2 5 ,7 9 6 81
--------------------------- $ 4 6 ,5 1 6 ,2 0 9 73
B a la n c e u n e x p e n d e d , b e in g r e p r e s e n t e d b y :
P r io r lie n b o n d s in t r e a s u r y _____$ 1 ,5 0 0 ,0 0 0 00
C a sh In h a n d s o f t r u s t e e _________
4 ,7 8 1 47
-------------------------- $ 1 ,5 0 4 ,7 8 1 47
L e s s c a s h d u e o p e r a t in g d e p a r t m e n t _______
1 ,4 4 5 ,7 7 6 32
--------------------------5 9 ,0 0 5 15
E x p e n d e d t h is y e a r (see a b o v e ) __________
S 4 6 ,5 7 5 ,2 1 4 88
B U IL D IN G S .
T h e p assen ger sta tio n a t S e a ttle , W a s h in g to n , m e n tio n e d
in th e last A n n u a l R e p o r t as u n d er c o n s tr u c tio n , fo r the
jo in t use o f y o u r C o m p a n y a n d th e G reat N orth ern R a il
w a y C o m p a n v , w as c o m p le te d and p u t in to serv ice on M ay
10 1906.
T he large b r ic k fre ig h t h ou se a t S e a ttle , c o m p le te d in
June 1905, p ro v in g in a d e q u a te fo r th e ra p id ly in crea sin g
bu sin ess a t th a t p o in t, an a d d itio n a l fre ig h t h ouse tw o th ird s its size w'as co m m e n c e d in M a y 1906, and will b e fin
ish ed d u rin g th e cu rren t y ea r.
T h e o ld fram e passen ger sta tio n a t B u tte , M o n ta n a , b e
co m in g to o sm all fo r th e b u sin ess o f th a t c it y , a m od ern
b rick stru ctu re w as b e g u n in the fa ll o f 1905 an d w as c o m
p leted and p u t in to serv ice on S e p te m b e r 10 1906.
In a d d itio n to a b o v e ca sh , th ere is in h an d s o f T ru stee o f
P rior L ien M o rtg a g e , in “ N et M o n e y s” a cco u n t, th e su m o f
$61 9 ,8 9 8 81 a v a ila b le fo r fu tu re e x p e n d itu res.
T he c o n stru ctio n o f th e fo llo w in g b ra n ch es and ex ten sion s
has been a u th o riz e d , b u t th e y w ere n o t c o m p le te d on June
30 1906:
'T a c o m a T i d e F la t s b r a n c h ____________________________________________ 1 .7 5 m ile s .
S u n n y s id e b r a n c h , S u n n y s id e t o G r a n d v i e w _____________________ 9 .3
C A P IT A L S T O C K A N D D E B T .
T h ere w as n o ch a n g e in th e C apital S to ck o f the C om p a n y
du rin g the yea r.
A s sh ow n b y sta tem en t in th e R e p o r t o f th e C om p troller
the b o n d e d d e b t o f th e C o m p a n y in crea sed $ 8 6 9,963 32.
.
P R O P R I E T A R Y C O M P A N IE S .
W A S H IN G T O N
T IE -T R E A T IN G
PLANT.
T w o tie -tre a tin g p la n ts are b e in g e re c te d , on e at B ra in erd ,
M in n esota, an d on e a t Sand P o in t, Id a h o .
W h en co m p le te d th e y w ill ea ch h a ve a c a p a c ity o f trea tin g
900,000 ties p er y ea r.
YARDS.
Duluth .— I m p o r t a n t a d d itio n s h a v e b e e n m a d e to
& C O L U M B IA R I V E R
R A IL W A Y
COM PANY.
T he m ileage o p e ra te d has b e e n in crea sed 6.13 m iles b y th e
a cq u isition o f th e M ill Creek R a ilr o a d fr o m W a lla W a lla
so u th e a st, a n a rrow -g a u g e ro a d w h ich w as p u rch ased fro m
the O regon R a ilr o a d & N a v ig a tio n C om p a n y an d w id en ed
to sta n d a rd gau ge.
T h e results o f th e o p e ra tio n fo r th e fiscal y ea r en d in g
June 30 1906 w ere as fo llo w s —
the
G r o ss e a r n in g s ____ . i ____ , ______________________________________________ $ 4 3 3 ,3 7 1 21
R ic e ’s P o in t y a rd at D u lu th .
W o r k w as b e g u n in th e ea rly O p e r a t in g e x p e n s e s ____________________________________________________ 2 0 6 ,9 4 7 86
sp rin g and w ill b e c o m p le te d b e fo r e w in ter.
L e a v in g n e t e a r n in g s _____________________________________________ $ 2 2 6 ,4 2 3 35
Dilworth, M in n es o ta —-T h e g r o w th o f th e c it y o f F a rg o , D e d u c t t a x e s ------------- ------------------------------------ ------------------------------------------- 3 1 ,7 5 0 00
an d th e v e r y g rea t in crea se in th e v o lu m e o f business passin g
N e t o p e r a t in g i n c o m e ____________________________________________ $ 1 9 4 ,6 7 3 35
th ro u g h th ere, m a d e it desira b le to m o v e th e fre ig h t term in a l A d d in te r e s t o n d e p o s it s , e t c ----- --------------------------------------------------------7 ,1 2 8 02
o u t o f th a t c it y .
$ 2 0 1 ,8 0 1 37
A large tra ct o f la n d w as p u rch a sed a t D ilw o r th , M in n e
Deduct—
s o ta , fo u r m iles east o f F a r g o , an d a m o d e rn d iv isio n ter I n t e r e s t o n first m o r t g a g e b o n d s _______________________$ 1 0 3 ,8 7 8 22
I
n
t
e r e s t o n in c o m e b o n d s __________________ ____________
S 9 .8 0 0 00
m in al is b ein g co n stru cte d th e re . T h e w o r k is p a r tly fin
--------------------- 1 9 3 ,6 7 8 22
ish ed , b u t th e fa cilitie s w ill n o t b e e n tire ly c o m p le te d u n til
S u r p l u s ___________________________________________________ _________
$ 8 ,1 2 3 15
som e tim e in 1907.
I m p r o v e m e n t s a n d b e t t e r m e n t s ----------------------------------------------------------5 ,7 5 7 87
Laurel, M ontana .— T h e n ew ro a d n o w b e in g co n stru cte d
B a la n c e f o r t h e y e a r -----------------------------------------------------------------------$ 2 ,3 6 5 28
b y th e G reat N orth ern R a ilw a y C o m p a n y to m a k e co n n e c
M IN N E S O T A & IN T E R N A T IO N A L R A IL W A Y C O M P A N Y .
tion b etw een th e C hicago B u rlin g to n & Q u in cy R a ih v a y
S e v e n ty per cen t o f th e s to c k an d all o f th e in d eb ted n ess
and th e G reat N orth ern R a ilw a y a t G rea t F alls w ill c o n n e c t
w ith th e N orth ern P a cific a t L a u rel, 15.2 m iles w est o f B ill o f th e M in n esota & In te r n a tio n a l R a ilw a y C om p a n y are
in gs. T h e c ity o f B illin gs is g ro w in g r a p id ly , and th e ter o w n e d b y jm ur C o m p a n y .
T h ere has been n o ch an ge in th e a m ou n t o f s to c k o r b o n d s
m in al fa cilities are cro w d e d and d iv id e th e c it y in to tw o parts.
O n a c co u n t o f th e v e r y large in terch a n g e o f bu sin ess b e tw e e n d u rin g th e y ea r.
In ord er to e x te n d th e line fr o m its term in u s at N orth om e
the N orth ern P a cific R a ilw a y an d th e C hicago B u rlin g to n
& Q u in cy R a ilw a y , an d th e p r o s p e c tiv e b u sin ess b e tw e e n to th e n orth b a n k o f th e B ig F o r k , a d istan ce o f a p p r o x i
th e C hicago B u rlin g ton & Q u in cy R a ilw a y and G reat N o rth m a te ly th ir ty -tw o m iles, th e B ig F o r k & N orth ern R a ilw a y
ern R a ih v a y , it seem ed b e s t to m o v e th e d iv isio n term in a l C om p a n y w as o rg a n ized in th e fall o f 1905. O n its co m p le
to L au rel. L a n d has been p u rch a se d fo r th is p u rp ose an d tio n , the ro a d w as leased to th e M in n esota & In tern a tion a l
R a ilw a y C o m p a n y , an d has sin ce b e e n op e ra te d b y it .
T he
co n stru ctio n wall b e g in d u rin g th e fiscal y ea r.
Pasco, Washington .— A large tr a c t o f lan d has been p u r to ta l o p e ra te d m ilea ge a t th e close o f th e yea r w as 174.29
ch ased at P a s co , w h ere a y a rd and fre ig h t term in a l w ill b e m iles, as co m p a re d w ith 143 fo r th e p rev iou s jrear.
A sta tem en t o f th e o p e ra tio n o f th e ro a d fo r th e fiscal year
cre a te d , to b e u sed jo in t ly b y th e N orth ern P a cific an d P o r t
en d in g June 30 1908 is g iv e n b e lo w :
lan d & S eattle R a ih v a y co m p a n ie s.
ro ss e a r n in g s ___________________________________________________________ $ 6 1 4 ,4 5 3 37
W o r k is also u n d e r w a y fo r a d d in g to an d im p r o v in g th e G
O p e r a t in g e x p e n s e s ----------------------------------------------------------- --------------------- 3 7 4 ,1 4 2 17
y a rd an d rou n d h o u se fa cilitie s at J a m estow n a n d M a n d a n ,
$ 2 4 0 ,3 1 1 20
L e a v in g n e t e a rn in g s
N orth D a k o ta ; L iv in g s to n , H elen a an d M issoula, M o n ta n a ,
3 0 ,7 3 2 67
D e d u c t t a x e s ---------------------and S p ok an e an d S ea ttle, W a sh in g to n .
CHARGES
TO
C A P IT A L A C C O U N T F O R N E W
PROPERTY.
U p on req u isition o f th e E x e c u tiv e O ffice rs, a p p r o v e d b y
th e B oa rd o f D ire cto rs , e x p e n d itu re s fr o m th e B e tte rm e n t
and E n la rg em en t F u n d s h a v e b e e n m a d e d u rin g the p ast
fiscal y ea r fo r — •*
-T
.... 3 1 •
N e t o p e r a t in g I n c o m e ------------------------------------------------------------------- $ 2 0 9 ,5 7 8 53
A d d .i n t e r e s t o n d e p o s it s , e t c --------------------------------------------------------------2 7 ,6 6 7 2 *
$ 2 3 7 ,2 4 5 73
I n t e r e s t o n m o r t g a g e d e b t ---------------------------------------------------------------------- 1 0 7 ,2 5 0 0*
S u r p l u s ---------------------------------I m p r o v e m e n ts a n d b e tte rm e n s t
7'- B a la n c e f o r t h e y e a r -----------
$ 1 2 9 ,9 9 5 73
3 4 ,1 1 8 5 *
$ 9 5 ,8 7 7 17
Nov. 3 1906.|
THE CHRONICLE.
JO IN T L IN E S W IT H T H E U N IO N P A C IF IC R A IL W A Y
COM PANY.
The construction of the railroad m entioned in the last
Annual R ep ort, betw een T exas F erry, W ashington, a p oin t
opposite Riparia, on the Snake R iv er, and Orangeville,
Id a h o, has been pushed.
The road between Texas Ferry and L ew iston, 72.3 miles,
has been built under the direction of the Union Pacific R ail
w ay C om pany, and will be finished in 1907. T h is railroad
will have a grade of 11 feet to the mile against east-bound
business.
The railroad between Culdesac and O r a n g e v ille , I d a h o ,
55 m iles, is being constructed under th e d ir e c tio n o f the
Northern Pacific R ailw ay C om pany; it is w e ll u n d e r way
and will be finished in 1907. This is n e c e s s a r ily a r a ilr o a d
with heavy grades, in order to get from the S n a k e R iv e r to
the top of the plateau, the m axim um g r a d e a s c e n d in g b e in g
3 per cent to the top o f the plateau, and then 1 p e r cent..
I NI
These pieces of w ork , together with some changes to be
made in 1907, will give the com pan y a grade betw een
Jam estow n, North D akota, and M inneapolis o f .3 per cent
east-bound and .4 per cent w est-bou n d, and will furnish
a double track betw een St. Paul and Jam estow n, 224.4 miles,
ou t o f the total distance o f 343 miles.
Livingston to Muir, Montana, 10.5 miles.— This work is
now under w ay. It will provide double track betw een L iv
ingston and the tunnel on the B ozem an M ountain, and reduce
the grade from 2.2 per cent to 1.8 per cent and im prove the
curvature. The w ork will n ot be com pleted until 1907.
On the west side o f the B ozem an M ountain surveys are
being made to determine the best m ethod of im provin g the
approach from that side, bu t the exam ination is not advanced
enough to com e to a definite conclusion.
Missoula to Garrison, Montana, 73.3 miles.— Careful sur
veys made during the last year have resulted in the adoption
of a line that will save ten miles in distance and reduce the
grade east-bound from .8 per cent to .4 per cent. I t is p ro
posed to revise the grade and rebuild the present road as a
double-track line during the year 1907.
Near Paradise to St. Regis, Montana.— Surveys are nearly
com pleted for an alternate line from the ju n ction of the
Missoula and Clark's F ork R ivers to St. R egis, abou t 22
m iles, with a m axim um grade east-boun d of .4 per cent.
The construction o f this line will perm it freight trains to run
between Missoula and Spokane w ith ou t crossing the B itter
R o o t M ountains, over the present grades o f 2.2 per cent in
each direction.
In connection with this work the line betwreen Missoula
and St. R eg s, now operated as a branch line, will be im
proved and the grade reduced to a m axim um of .4 per cent
east-bound.
White Pine Hill . — Surveys are nearly com pleted-for a new
line betw een Tuscor and B elknap, M ontana, 22.6 miles,
avoiding a grade of 1 per cent in each direction , over w hat
is known as “ W hite Pine H ill.” This w ork will be under
taken in 1907, and the new line will be used for h eavy freight
trains, leaving the old line for passenger and light freight
trains.
Spokane to Tuscor.— The various grade revisions heretofore
authorized betw een these points will all be com pleted in the
calendar year, m aking reductions to .4 per cent east-bound
and .5 per cent w est-bound.
W hen the proposed grade revisions and the new line up
the Missoula R iv er are finished, the C om pany w ill, in con
nection with the Portland & Seattle R ailw ay C om pany, have
a m axim um grade east-boun d, from V a n cou v er, on the Colum
bia R iver, to Garrison, at the fo o t o f the R o c k y M ountains,
o f .4 per cent, and w'est-bound o f .5 per cen t, with a dow n-hill
haul m ost o f the w ay.
P O R T L A N D & SEA TTLE R A IL W A Y COM PANY.
This com pany was in corp orated August 22 1905, and is
ow ned join tly b y the Northern Pacific R ailw ay C o m p a n y
and the Great Northern R ailw ay C om pany.
The Com pany is actively engaged in constructing a line
o f railroad from P ortland, Oregon, to Spokane and Texas
Ferry, W ashington, connecting at Spokane with the N orth
ern Pacific R ailw ay and Great N orthern R a ilw a y , and at
Texas Ferry with the jo in t line ow ned b y the Northern
Pacific R ailw ay C om pany and Union Pacific R ailw ay Com
pan y. The total num ber of miles of road is 423.
From Portland to a point 17.4 miles east of V a n c o u v e r ,
W ashington, and from K ennew ick, opposite P asco, to a point
23.3 miles west, the road will be double track, m a k in g 47.2
miles o f double track, in w hich are included the double t r a c k
steel bridges over the Colum bia and W illam ette R ivers.
The road will have a m axim um grade east-bound of 11
feet to the mile from V ancouver, on the north bank of the
Columbia R iv er, through to Texas Ferry, on the Snake
R iver, and will be 10 feet above the high water of 1894.
F rom a point tw enty-fou r miles east of P asco, where the
road to Spokane diverges, the m axim um grade north-bound
will be 22 feet to the m ile. The curvature on the entire line
will be very low , there being very few curves as high as three
degrees.
Valuable terminal property has been purchased in Portland
and V ancouver.
It is expected that the line from Portland to Pasco and
Texas Ferry will be com pleted b y the autumn of 1907, and
the line from Pasco to Spokane will be com pleted early in
1908.
This line, o f very low grades and light curvature, will
permit the handling o f a very large am ount o f business, both
GENERAL.
freight and passenger, betw een Spokane and points west,
E xam ination of the cou n try tributary to you r lines and
and north of V ancouver, and will relieve the present conges surveys of railroads to serve such cou ntry are being m ade,
tion through the Y akim a V alley and over the Cascade Moun in order to provide for proper developm en t of branch lines
tains. There will also be a g ood local business developed for the protection o f the C om pany’s interest.
on the new line.
On Decem ber 9 1905 the C om pany suffered a great loss
b y the death o f its director, Mr. John Sloane.
K A LA M A TO VAN CO U VER.
The operation of the Chicago Burlington & Q uincy R a il
In order to bring this line above the high water of 1894, road Com pany during the past fiscal year has been very satis
surveys have been made and right o f w ay purchased for such fa ctory . The Chicago Burlington & Q uincy R ailw ay Com
changes as m ay be necessary to p u t the line in first-class pany has collected the dividends on the shares of stock
con d ition , raising it six feet above high water of 1894, and owned b y your C om pany, and has paid the interest on the
to make it of the same general character as the line from jo in t bonds.
V ancouver to Pasco.
The report of the C om ptroller gives further details of the
transactions o f the C om pany.
G R A D E R E V IS IO N S A N D D O U B L E T R A C K
B y order o f the B oard o f D irectors.
H O W A R D E L L IO T T ,
St. Paul to St. Cloud, Minnesota.— B y an arrangement
President.
with the Great Northern R ailw ay C om pany, the railroad
of that com pan y from N orthtow n Ju nction , just north of
Minneapolis, to East St. Cloud, M innesota, will be operated
IN CO M E A CC O U N T.
from and after July 1 1906 b y the Northern Pacific R ailw ay
F O R T H E F IS C A L Y E A R E N D IN G J U N E 30 1906.
C om pany, and, in con nection with its own railroad, make a T
double track between these tw o poin ts, thus obtaining the
O p e ra tin g E xp e n se s—
Conducting Transportation________________$15,0 7 3 ,3 4 8 43
benefit of double track from St. Paul to St. Cloud, 74 miles.
Maintenance ol Equipm ent_______________
5 ,9 4 4 ,1 1 9 08
Wadena Junction to Moorhead, Minnesota, 89.53 miles. —
M a in te n a n ce o f R oacl and S tr u c tu r e s ____
7 ,4 9 3 ,7 2 9 90
W ork is now under w ay to revise the grades and put in double
G eneral E x p e n s e s _____ ______ ______ ______
1,98 4 ,2 3 4 90
-------------------------- $31,0 9 5 ,4 3 2 31
track on this part o f the road. Ther grades will be reduced
T axes—
to .3 per cent east-bound and .4 per cent w est-bound.
State and
County_
2 ,2 1 3 ,0 4 0 00
In terest and
R e n ta ls —From W adena to Lake P ark, 54.08 miles, and from M oor
In terest on M o rtg ag e D e b t ..................
$6 ,9 8 0 ,1 4 0 00
head to G lyn don , 8.62 m iles, double track will be ready for
Rentals o f Leased Lines__________________
160.469 30
-------------------------7 ,1 4 0 ,0 0 9 30
autum n and winter business. The rem ainder o f the work
Dividends—
will be com pleted in 1907.
N os. 32. 33, 34. 3 5 . .......................................................................... 10,8 5 0 ,0 0 0 00
Haqqart to Casselton, North Dakota, 15.33 miles.— The work
A p p r o p ria tio n fo r Im p r o v e m e n ts ,
<tc____________________
3 ,0 0 0 ,0 0 0 00
A p p r o p ria tio n fo r D e p re cia tio n o f E q u ip m e n t ______________
2 ,0 0 0 ,0 0 0 00
of double-tracking this part o f the road was begun early this
A p p r o p ria tio n fo r th e In su ra n ce F u n d ____________________
1 ,0 8 1 ,9 8 0 1 6
year and will be com pleted before bad weather.
B a l a n c e .......... ............
1 9 ,9 3 6 ,9 7 9 40
Wheatland to Buffalo, North Dakota, 9.8 miles.— Grade re
$77,324,041 17
vision and double tracking was authorized on this part o f the
EM
—
C'T.
road, reducing the grade w est-bound from .8 to .4 per cent.
7
On account of the m ore im portant w ork east, of Fargo, this
Balance to credit of Profit and Loss June 30 1903, as per
A nnu al R e p o r t _________
$ 1 4 ,3 8 1 ,2 1 9 29
piece of grade revision will not be com pleted until 1907.
G ross E arnings—
Alta to Berea, North Dakota, 9.32 miles.— T h is new road
F r e ig h t ..................................................
$4 4 ,0 4 1 ,4 8 6 51
P assenger
_______ _____________ . . . ____ 14 .368,221 39
run3 north of Valley C ity, North D akota, and w h e n built
M all, E xp ress a n d M is ce lla n e o u s. ..........
2 ,8 1 3 ,7 8 7 78
■will give an alternate line for heavy freight and fast passen
-------------------------- 6 1 ,2 23.475 68
D iv id e n d s a n d In terest o n S e cu ritie s o w n e d , a n d In terest
ger trains, with m axim um grade of .3 per cent in ea ch d ir e c
o n D e p o s its _____________________
1 .7 1 9 ,8 4 6 20
tion . The present line through Valley C ity, with grades of
$77,324,041 17
1 per cent east-bound and 1.2 per cent w est-bound, w ill be
continued in operation. This piece o f work is now under By b a la n ce ca rried to th e credit of P rofit and Loss, as sh ow n
w a y andjwill be com pleted in 1907.
b y the B alance S heet o f this d a t e _____ ___________________ $ 1 9 ,9 3 6 ,0 7 9 0
N O R T H E R N PACIFIC R A I L W A Y C O M P A N Y — G E N E R A L BA LA N C E S H E E T JU N E 30 1906.
CAPITAL LIABILITIES.
CAPITAL ASSETS.
1C
N O R T H E R N P A C IF IC E S T A T E :
B a la n ce o f th is a c c o u n t J u n e JO 1 9 0 5 ---------------------------- -------- ------------------ ----------------$ 2 8 4 ,3 3 6 ,1 5 7 22
T o w h ic h a d d —
N ew m ile a g e c o n s tr u c te d sin ce J u n e 30 1 9 0 5 ------------------------------------------------------------1 ,4 7 0 ,3 6 1 55
R e a l esta te a n d te rm in a ls p u rch a se d sin ce J u n e 30 1 9 0 5 -------------------------------------------.
627,381 71
C A P IT A L S T O C K :
C o m m o n S t o c k ______________________ ____________________ _________________________________________i __________________________________
$ 2 8 6 ,4 3 3 ,9 0 0 48
00
00
L ess—
N et p r o c e e d s o f L a n d D e p a r t m e n t___________________________________ $ 1 ,0 8 8 ,5 4 4 94
S ale o f su n d r y p r o p e r t y ----------------------------------------------------------------------4 1 2 ,0 1 4 35
B a la n ce o f d is c o u n t on sale a n d e x c h a n g e o f s e c u r itie s ------------------3 1 4 ,1 7 1 07
--------- ----------------
M ORTGAGE D EBT:
P r i o r L i e n B o n d s __________________________________________________________ __________ . $ 1 0 8 , 6 5 0 , 0 0 0 0 0
L ess B on d s
C a n c e l e d ___________________________________________________________________
3 ,6 8 8 ,5 0 0
00
---------------------------------- $ 1 0 4 , 9 6 1 , 5 0 0
G e n e r a l L i e n B o n d s ________________
6 0 ,0 0 0 ,0 0 0
S t . P a u l - D u l u t h D i v i s i o n B o n d s __________________________________________________ $ 1 0 , 2 4 1 , 0 0 0 0 0
L ess B on d s
C a n c e l e d ___________________________________________________________________
2 ,2 6 4 ,0 0 0
00
-----------------:---------------7 ,9 7 7 ,0 0 0
N o r th e r n P a c ific -G r e a t N o r th e r n J o in t B o n d s a n d S c r ip — T o t a l Is s u e $ 2 1 5 ,2 2 5 ,2 0 0 0 0
L e s s G r e a t N o r t h e r n R a i l w a y C o m p a n y 's p r o p o r t i o n ______________________ 1 0 7 , 6 1 2 , 6 0 0 0 0
---------------------------------- 1 0 7 , 6 1 2 , 6 0 0
1 ,8 1 4 ,7 3 0 36
$ 2 8 4 ,6 1 9 ,1 7 0 12
3 1 ,8 8 7 ,2 2 5 79
L E A S E D T O P R O V IN C E O F M A N IT O B A :
r o a d an d a p p u r te n a n c e s ------------------------------------------------------------- $6,812,512| 94
e q u ip m e n t------------------------------------------------------------------------------------15 7 ,0 3 4 00
m a te ria l a n d s u p p lie s ------------------------------------------------------------------3 0 ,4 5 3 06
-------------------------IN H A N D S O F T R U S T E E S O F S I N K I N G F U N D S - ______________________________
7 ,0 0 0 ,0 0 0 00
1 ,6 8 2 ,1 5 1 07
S E C U R I T I E S IN H A N D S O F T R U S T E E S o f S t. P a u l-D u lu th D iv is io n B o n d s as c o lla te r a l
I n d e b t e d n e s s o f o t h e r C o m p a n i e s a s s u m e d b y N o r t h e r n P a c if i c R a i l w a y C o m p a n y :
S t . P a u l & N o r t h e r n P a c if i c R a i l w a y C o m p a n y G e n e r a l M o r t g a g e B o n d s __________
W e s t e r n R a i l r o a d o f M i n n e s o t a F i r s t M o r t g a g e B o n d s ____________________________________
S t . P a u l & D u l u t h R a i l r o a d F i r s t M o r t g a g e B o n d s ------------------------ ---------------------------------S t . P a u l & D u l u t h R a i l r o a d S e c o n d M o r t g a g e B o n d s ____________________________________
S t . P a u l & D u lu th R a ilr o a d F ir s t M o r tg a g e C o n s o lid a te d
B o n d s ---------------------------T a y l o r ’s F a l l s & L a k e S u p e r i o r R R . B o n d s ( g u a r a n t e e d b y S t . P . & D u l . R R . C o . )
D u lu th S h o r t L in e R y . B o n d s (g u a r a n te e d b y S t . P . & D u lu th R R . C o m p a n y )
M i n n e a p o l i s & D u l u t h R a i l r o a d M o r t g a g e B o n d s ___________________________________________
S t . P a u l & D u l u t h R a i l r o a d C a r T r u s t N o t e s __________________________________________________
1 ,4 9 7 ,4 8 4 88
C O S T O F S E C U R I T I E S IN H A N D S O F T R U S T E E o f N o rth e rn P a c ific -G r e a t N o rth e rn
jo in t b o n d s as c o lla te ra l (1 ,0 7 6 ,1 2 6 shares C. B . & Q . R R . c a p ita l s t o c k — N o rth e rn
P a c ific R a ilw a y C o m p a n y o n e -h a lf o w n e r )__________________________________________ _____ 1 0 9 ,1 1 3 ,9 0 9 76
CURRENT LIABILITIES.
P A Y
CASH ASSETS:
Cash o n h a n d a n d in b a n k s --------------------------------------------------------------------------------------------------- $ 2 1 ,9 7 8 ,6 4 6 07
A c c o u n ts R e c e iv a b le ----------------------------------------------------------------------------------- $ 4 ,6 2 5 ,6 9 3 44
B ills R e c e iv a b le ____________________________________________________________
4 2 ,4 2 7 64
------------------------4 ,6 6 8 ,1 2 1 08
M a teria l o n h a n d ----------------------------------------------------- ---------------------------------------------------------------3 ,4 6 o ,330 80
&S E A T T L E R A I L W A Y C O M P A N Y ______________________________
R O L L S , M A T E R IA L
T A X E S
ACCRUED
ON
VOUCH ERS AN D
R A IL W A Y
M I S C E L L A N E O U S A C C O U N T S ________
(p a r tly e s tim a te d )
_____________________________________
$ 6 ,5 1 8 ,7 8 1
-
23
1 .1 0 5 .5 4 3 80
IN T E R E S T O N M O R T G A G E D E B T :
A c c r u e d ______________________________________________________________ _____________ ________ $ 5 4 9 , 6 0 6 6 5
M a t u r e d , I n c l u d i n g i n t e r e s t d u e J u l y 1 1 9 0 6 ---------------------------------------------------------- 1 , 1 4 7 , 0 1 4 2 5
1 ,6 9 6 ,6 2 0 9 0
D IV ID E N D S U N P A ID :
C o m m o n S t o c k d i v i d e n d N o . 3 5 , d u e A u g u s t 1 1 9 0 6 . __________________ — $ 2 , 7 1 2 , 5 0 0 0 0
U n p a i d d i v i d e n d s S t . P a u l & D u l u t h R a i l r o a d C o m p a n y __________________
2 ,0 1 9 0 0
2 ,7 1 4 ,5 1 9 0 0
R ESER VE FUNDS:
F o r i m p r o v e m e n t s a n d f o r r e p l a c e m e n t o f e q u i p m e n t , e t c ____________________________
_____
6 ,8 3 6 ,2 1 9
18
Total
1 2 ,9 8 0 ,8 7 8 44
18,871,684 11
CONTINGENT LIABILITIES.
5 ,6 0 1 ,0 2 3 45
IN S U R A N C E
F U N D _______ _________ _______________ _______________________________ ______ ______________________
L IQ U ID A T IO N F U N D :
R e s e r v e f o r p o s s i b l e l i a b i l i t i e s in c o n n e c t i o n w i t h p u r c h a s e o f p r o p e r t y o f N o r t h e r n
P a c if i c R R . C o . a n d .S t. P a u l & D u l u t h R a i l r o a d C o m p a n y .............
.................................
5 2 ,0 0 0 ,0 0 0 0 0
1 5 ,0 3 0 0 6
~Total
15
2,016,039 06
SURPLUS REVENUE.
E x c e s s o f e a r n in g ’s a n d m i s c e l l a n e o u s i n c o m e o v e r o p e r a t i n g e x p e n s e s , t a x e s , e t c . , r e n t a l s , I n t e r e s t
------------------o n m o r t g a g e d e b t a n d d iv id e n d s o n s to c k fr o m S e p te m b e r 1 1 8 0 6 t o J u n e 3 0 1 0 0 6 —
63,982,173 63
19,936,979 40
$489,782,115 25
$489,782,115 25
Total
[ * o l . l x x x iii .
B E T T E R M E N T AN D E N L A R G E M E N T FU N D ASSETS:
Cash In h a n d s o f M e rca n itle T r u s t C o m p a n y _______________
$4,781 47
P rio r L ien B o n d s in T r e a s u r y ____________ ______ ___________ 1 ,5 0 0 ,0 0 0 00
---------------------- $ 1 ,5 0 4 ,7 8 1 47
L ess C ash d u e O p e ra tin g D e p a r t m e n t ___________ _______ _________________
1 ,4 4 5 ,7 7 6 32
------------------------------------------------ 5 9 ,0 0 5
IN S U R A N C E F U N D A S S E T S :
C ash , B o n d s , e t c ________________
2 ,0 0 0 ,0 0 0 00
*
LAND DEPARTM EN T:
3 ,2 2 9 ,1 6 8 64
B a la n ce o f L a n d D e p a r tm e n t C u rren t A s s e ts ..................................... .............................................
r
13,407,312 68
Total $448,958,412 68
CURRENT ASSETS.
PORTLAND
00
00
00
00
00
00
00
00
68
Capital Liabilities Assumed
Total $435,799,941 62
T R E A S U R Y S E C U R IT IE S :
$ 1 8 2 ,0 0 0 N o rth e rn P a c ific G en eral L ien B o n d s ________________________
$ 1 3 7 ,1 7 2 50
36 1 .0 0 0 S t. P a u l-D u lu th D iv is io n B o n d s ______________________________
3 6 1 ,0 0 0 00
7 .0 0 0 . 000 N o rth w e ste rn Im p r o v e m e n t C o m p a n y B o n d s _____________
7 ,0 0 0 ,0 0 0 00
2 ,7 7 5 ,0 0 0 N o rth w e ste rn I m p r o v e m e n t C o m p a n y S t o c k _______________
2 ,7 7 5 ,0 0 0 00
3 1 5 .0 0 0 W a s h in g to n C en tra l R a ilw a y C o m p a n y B o n d s ______________
2 9 1 ,3 7 5 00
1 .0 0 0 . 000 W a s h in g to n C entral R a ilw a y C o m p a n y S t o c k ____________
2 2 1 ,2 7 9 94
2 ,1 2 7 ,2 0 0 C lea rw a ter S h o r t L in e R a ilw a y C o m p a n y S t o c k ____________
2 ,1 2 7 ,2 0 0 00
5 1 ,4 0 0 L a k e S u p e rio r T e rm in a l & T ra n s fe r R a ilw a y C o m p a n y S to c k
11,601 00
5 6 ,2 5 0 S t. P a u l U n io n D e p o t C o m p a n y S t o c k _______________________
5 6 ,2 5 0 00
--------------------------
$ 8 ,0 2 1 ,0 0 0
3 2 6 ,0 0 0
1 ,0 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
2 1 0 ,0 0 0
5 0 0 ,0 0 0
2 8 0 .0 0 0
7 0 ,3 1 2
THE CHRONICLE.
CASH
00
Capital Liabilities Issued $435,551,100 00
$ 3 3 ,8 8 7 ,2 2 5 79
2 ,0 0 0 ,0 0 0 00
--------------------------
PROPERTY
V alu e o f
V a lu e o f
V a lu e o f
00
2 8 0 ,5 5 1 ,1 0 0 00
E Q U IP M E N T :
B a la n ce o f th is a c c o u n t J u n e 30 1 9 0 5 -------------------------------------------------------$ 3 1 ,3 7 0 ,9 1 6 03
N ew e q u ip m e n t (p u rch a se d o u t o f B e tte r m e n t a n d E n la rg e m e n t F u n d
sin ce J u n e 30 1 9 0 5 )___________________________________________________
2 ,5 1 6 ,3 0 9 76
L ess a m o u n t w r itte n o ff fo r d e p r e c ia tio n ________________________________
$ 1 5 5 ,0 0 0 ,0 0 0 0 0
Xov. 3 1906
T H E CHRONICLE.
1113
NORTHERN PACIFIC RAILWAY— PASSENGER, FREIGHT AND
MISCELLANEOUS STATISTICS.
A v er a g e M ile a g e for the Y e a r ..............................................................................................................................................................................................
1 9 0 4 -1 9 0 5 .
J u n e 30 1906.
5 ,4 0 1 .1 4
1 9 0 5 -1 9 0 6 .
A m o u n t,
R a te, E tc .
P a sse n g e rs.
M i l e s T o n s,
E tc .
June 30 19 05 .
5 ,3 1 4 .9 5
P a sse n g e rs,
M ile s , T on s,
E tc .
A m o u n t,
R a te, E tc .
Per
Cent.
Increa se.
Di
crease.
Passenger Traffic—
N u m b e r o f passen gers carried — ........................... .................. . .....................
N u m b e r o f passen gers carried o n e m i l e ---------------- -----------------------------A v e r a g e m iles tra v e le d b y each p a s s e n g e r ------------------------------------------T a r iff passen ger e a r n in g s................................... ....................................................
O th e r p a ssen g er d e p a rtm e n t e a r n i n g s .---------------- ------------------------------T o ta l passen ger d e p a rtm e n t e a rn in g s....................— ...............................
A v e r a g e a m o u n t p a id b y each p a s s e n g e r ------------------------------------------A v e r a g e rate per p a ssen ger per m i l e . -------------------------------------------------P a sse n g e r d e p a rtm e n t earnin gs per m ile o f road (a v g e . m ileage)
Freigh t T ra ffic—
N u m b e r o f to n s rev en u e freig h t carried --------------------------- -------------------N u m b e r o f ton s reven u e freig h t carried on e m ile ...................................
A v e r a g e d istan ce haul o f o n e t o n _______________ _______ ________________
T a r iff freig h t e a r n in g s----- ------------- ----------------- -----------------------------------------O th e r freigh t e a r n in g s........... ............. .................. .................................. .. .............
T o ta l freigh t e a r n in g s................................... ..........................................................
A v e r a g e receip ts fro m each ton o f fr e ig h t--------- ------------------------------A v e r a g e receip ts per to n per m ile re v e n u e fr e ig h t ..............................
T o ta l freigh t earnin gs per m ile o f roa d (a v e ra g e m ile a g e )________
5 .9 2 0 ,2 8 0
6 5 9 ,0 5 0 ,2 2 7
1 1 1 .3
5 ,1 4 2 ,8 9 1
4 8 8 ,5 2 2 .4 7 2
9 5 .0
$ 1 0 ,8 9 7 ,7 0 5 20
2 .1 7 8 .6 1 1 42
1 3 ,0 7 6 37 6 62
$ 1 3 ,7 9 1 ,3 3 9 .5 7
2 ,4 5 3 ,3 5 5 62
1 6 .2 4 4 ,6 9 5 19
2 .3 3
.0 2 0 9
3 ,0 0 7 .6 4
2 . 12
.0 2 2 3
2 ,4 6 0 .3 0
1 5 ,3 5 6 ,3 1 2
5 ,2 4 5 ,2 6 0 ,0 8 0
3 4 1 .6
1 3 .0 3 6 ,7 8 9
1,359,664,201
3 3 4 .4
$ 3 6 ,2 6 4 ,1 2 8 63
5 9 7 ,0 0 3 14
3 6 .8 6 1 ,1 3 1 77
2 .7 8
.0 0 8 3 2
6 .9 3 5 37
$ 4 3 ,4 3 1 ,7 8 1 61
6 0 9 ,6 8 4 90
4 4 ,0 4 1 ,4 6 6 51
2 .8 3
.0 0 8 2 8
8 ,1 5 4 11
7 7 7 ,3 8 9
1 7 0 ,5 2 7 ,7 5 5
1 6 .3
$ 2 ,8 9 3 ,5 7 4 .3 7
2 7 1 .7 4 4 20
3 ,1 6 8 ,3 1 8 57
.21
1 5 .1 2
3 4 .9 1
1 7 .1 6
2 6 .5 5
12.61
2 4 .2 3
9 .9 1
0 .2 8
.0 0 1 4
5 4 7 .3 4 2 2 .2 5
2 ,3 1 9 ,5 2 3
8 8 5 ,5 9 5 .8 7 9
7 .2
$ 7 ,1 6 7 ,6 5 2 98
1 2 ,6 8 1 76
7 ,1 8 0 ,3 3 4 74
.0 5
1 7 .7 9
2 0 .3 1
2 .1 5
1 9 .7 7
2 . 12
1 9 .4 8
1 .8 0
.4 8
1 ,2 1 8 74 1 7 .5 7
.0 0 0 0 4
Total Train Traffic—
E a rn in g s fr o m freigh t an d p a ssen g er t r a in s ____________ _____________
E a rn in g s per train m ile -------------- ------------------------------------- -----------------------E x p e n s e s per train m ile __________________________________________________
N e t tra ffic ea rn in gs per train m ile ______ ____________________ __________
_______________ $ 4 9 ,9 3 7 ,5 0 8
_______________
...........................
_______________
$ 6 0 ,2 8 6 ,1 6 1 70 $ 1 0 ,3 4 8 ,6 5 3
2 .8 5
1 .4 7
1 .3 8
39
2 .6 7
1 .4 4
1 .2 3
Train and Car Mileage—
M ile a g e o f rev en u e p a ssen g er tr a in s ______ ___________ _________________
M ile a g e o f lo c o m o tiv e s e m p lo y e d in “ h e lp in g ” p a ssen g er t r a in s .
P e rc e n ta g e o f “ h e lp in g ” to r ev en u e train m ile a g e __________________
M ile ag e o f rev en u e m ix e d tra in s ________________________________________
M ile a g e o f rev en u e freig h t t r a i n s _________________________________ _ ____
M ile a g e o f lo c o m o tiv e s e m p lo y e d in “ h e lp in g ” m ix e d and freigh t
train s _____________________________________________________________________
P e rc e n ta g e o f “ h e lp in g ” to rev en u e tra in m ile a g e ..............................
T o t a l r ev en u e tra in m ile a g e _____________________________________________
M ile a g e o f n o n -re v e n u e t r a i n s ______ ___________________________________
M ile a g e o f p a ssen ger c a r s _______________________________________________
A v e r a g e n u m b e r o f passen ger cars in t r a i n ___________________________
A v e r a g e n u m b e r o f p a ssen gers in t r a i n _______________________________
A v e r a g e n u m b e r o f p a ssen gers in ea ch c a r . ______ ____________________
M ile a g e o f lo a d ed fre ig h t c a r s ___________________________________________
M ile a g e o f e m p ty fre ig h t c a r s ___________________________________________
M ile a g e o f lo a d ed a n d e m p ty freig h t c a r s ____________________________
A v e r a g e n u m b e r o f lo ad ed fre ig h t cars in t r a in ______________________
A v e r a g e n u m b e r o f e m p ty fre ig h t cars in t r a in ______________________
A v e r a g e n u m b e r o f fre ig h t cars in t r a in _______________________________
P e rc e n ta g e o f e m p ty cars to to ta l cars in t r a in ______________________
A v e r a g e n u m b e r to n s rev en u e freig h t in t r a i n _____________ ________
A v e r a g e n u m b e r to n s rev en u e freigh t in each lo a d ed c a r __________
C o m p a n y fr e ig h t . to n s c a r r i e d __________________________________________
C o m p a n y fr e ig h t, to n s o n e m i l e ________________________________________
T o n s per tra in , c o m p a n y a n d c o m m e r c ia l_____________________ ______
T o n s per lo a d e d car, c o m p a n y a n d c o m m e r c i a l_____________________
6 ,7 8 6 .7 9 9 ............................... 2 4 7 ,7 8 7 !__________________
3 . 6 5 % __________________
8 4 9 ,1 7 8 __________________
1 1 ,0 4 5 4 3 2 __________________
8 ,0 5 7 ,7 2 1
3 9 3 ,9 7 4
4 .8 9 %
8 4 9 ,0 3 5
1 2 ,2 4 8 ,5 6 2
1 .5 8 0 .8 8 0 _ _ ...................... ..
1 3 . 2 9 % __________________
1 8 ,6 8 1 ,4 0 9 _________ ________
1 .4 1 3 ,5 9 8 ................... .............
5 0 ,3 2 6 ,9 4 2 __________________
6 . 5 9 __________________
6 3 .9 8 ................................
9 . 7 1 __________________
2 7 0 ,7 9 5 ,0 7 0 __________________
1 1 2 ,0 5 4 ,2 0 4 __________________
3 8 2 ,8 4 9 .2 7 4 __________________
2 2 .7 7 __________________
9 . 4 2 __________________
3 2 . 1 9 __________________
2 9 . 2 7 % _________________
3 6 6 .5 2 __________________
1 6 . 1 0 __________________
3 .3 5 9 ,4 8 4 __________________
7 2 9 ,7 3 5 ,6 7 8 __________________
4 2 7 .8 7 __________________
1 8 .7 9 ................... .............
2 ,0 9 7 .9 1 3
1 6 .0 2 %
2 1 ,1 5 5 ,3 3 8
1 ,2 2 9 ,7 3 6
5 9 ,2 9 8 ,8 4 3
31 2 0 .7 2
.1 8 6 .7 4
.0 3 2 .0 8
.1 5 1 2 .2 0
1 ,2 7 0 ,9 2 2 1 8 .7 3
1 4 6 ,1 8 7 5 9 .0 0
1 .2 4 %
.02
143
1 ,2 0 3 ,1 5 0 1 0 .8 9
5 1 7 ,0 3 3 3 2 .7 1
2 .7 3 %
2 4 7 3 ,9 2 9 1 3 .2 4
1 3 .0 1 1 8 3 ,8 6 2
8 ,9 7 1 ,9 0 1 1 7 .8 3
1 .0 6
.07
10.01 1 5 .6 5
1 .4 0 1 4 .4 2
3 2 ,3 9 3 ,1 2 0 1 1 .9 6
1 1 5 ,9 5 1
8 .4 9
3 2 ,5 0 9 .0 7 1
1 .6 7
.3 8
.86
9 .1 3
1 .4 9
.4 8
2 .2 6 %
3 3 .9 5 9 .2 6
7 .4 5
5 6 0 ,4 4 2 1 6 .6 8
1 5 1 ,5 1 8 ,3 6 0 2 0 .7 6
3 9 .8 9 9 .3 2
1 .4 2 7 .5 6
6.66
7 3 .9 9
1 1. 11
3 0 3 ,1 8 8 ,1 9 0
1 1 2 ,1 7 0 ,1 5 5
4 1 5 ,3 5 8 ,3 4 5
2 3 .1 5
8 .5 6
3 1 .7 1
2 7 .0 1 %
4 0 0 .4 7
1 7 .3 0
3 ,9 1 9 ,9 2 6
8 8 1 ,2 5 4 ,0 3 8
4 6 7 .7 6
.10
1.20
20.21
MINNEAPOLIS & ST. LOUIS RAILROAD COMPANY.
REPORT
FOR
THE
YEAR
N e w Y o r k , O c t o b e r 2 1906.
The President and B oard of D irectors subm it herewith
their annual report of the C om pany fo r the year ending
June 30th 1906:
E N D IN G
JU N E
30T H 1906.
R e c e ip ts o ver o p e ra tin g e x p e n s e s ________________
A d d itio n a l In c o m e—
In c o m e fr o m I n v e s tm e n ts ___________________________
In te r e st, d isc o u n t a n d e x c h a n g e __________________
T r a c k a g e a n d o th e r r e n ta ls, as per T a b le N o . 3 _ .
M iscellan e ou s r e c e ip ts _______________________________
.$ 1 ,5 8 2 ,9 3 7 J 5 3
$ 3 1 ,5 1 5
4 2 ,0 0 1
1 7 1 ,2 6 4
1 4 ,9 5 0
01
70
48
56
2 5 9 ,7 3 1 75
M IL E A G E .
O w ned—
M ile s .
T o ta l re c e ip ts________________________________________________ _______ _ $ 1 ,8 4 2 ,6 6 9 28
M in n e a p o lis , M in n ., to A n g u s , I o w a __________________________________________ 2 5 9 .9 0
D edu ct for—
H o p k in s , M in n ., t o W a t e r t o w n , S . D ________________________________________ 2 1 5 .4 2
T a x e s ______________________________________________ _____
$ 1 6 5 ,4 6 8 59
W in t h r o p , M in n ., t o S to rm L a k e , I o w a _____________________________________ 1 5 3 .5 0
In te re st o n fu n d e d d e b t , in clu d in g in te re st o n se
M a n ito u J u n ctio n t o T o n k a B a y , M in n _____________________________________
1 .4 5
curities
o
f
D
e
s
M
o
in
es
&
F
o
r
t
D
o
d
g
e
R
R
.
C
o
.
1
,0 9 5 ,9 3 2 0 4
K a lo J u n ctio n to K a l o , I o w a _____________________________________________________
114
T r a c k a g e a n d o th e r r e n ta ls , as p e r T a b le N o . 3 _ .
6 6 ,5 2 2 36
N e t ea rnin gs fro m o p e ra tio n o f D e s M o in es &
6 3 1 .4 1
F o r t D o d g e R R . , p a y a b le u n d e r l e a s e ...............
9 8 .7 1 6 34 1 ,4 2 6 ,6 3 9 33
L ea sed —
R u t h v e n to D e s M o in e s, I o w a ___________________________ ______________________1 3 8 .6 5
S
u
r
p
lu
s
___________________________
___________________________________
$ 4 1 6 ,0 2 9 95
Operated under Trackage R igh ts—
F r o m th is su rp lu s for th e y e a r th e fo llo w in g a m o u n t has
M in n e a p o lis to S t . P a u l, M in n _________ ________________________________ 1 0 .1 1
been d e d u c te d :
S p e n ce r to R u t h v e n , I o w a _____________________ ________________________ 1 2 .4 5
D iv id e n d o f 5 % o n p referred s t o c k ____________________________ ____
2 0 0 ,0 0 0 00
T a r a to F o r t D o d g e , I o w a ________________________________________________6 .0 7
A t D es M o in e s , I o w a _____________ _______________________________________
.5 8 2 9 .2 1
L e a v in g a n et su rp lu s fo r th e y e a r o f __________________ _____________$ 2 1 6 ,0 2 9 95
T o ta l sin gle t r a c k ______ ____________________________________ ________ ________ 7 9 9 .2 7
As w ill b e seen from the foregoin g statem ent o f incom e
Secon d T rack—
O w n e d — M in n ea p o lis to H o p k in s , M in n ______________________ 9 .5 7
for the year, there was a substantial increase in gross trans
A t A lb e r t L e a , M in n ........................................................................ 35 9 .9 2
T r a c k a g e R ig h ts — M in n ea p o lis to S t . P a u l, M in n ___________1 0 .1 1
V a lle y J u n ctio n to D es M o in e s , I o w a _ . 3 .9 6 1 4 .0 7 2 3 .9 9
T o ta l sin gle tra c k o p e r a te d _________________________________________________8 2 3 .2 6
S id in g s O w n ed a n d L e a s e d ___________________________________________________ 1 5 2 .3 8
T o ta l m iles o f sin gle tra c k a n d s id in g s ___ ______________ ________________9 7 5 .6 4
There was no change in the miles of the main line track
op era ted during the year.
The portion of the road ow ned b y the C om pany, extending
from A lbert Lea, M inn., to the Iow a State Line (13 m iles),
leased to the Chicago R o c k Island & Pacific R ailw ay Com
p a n y , is not in cluded in the foregoin g table of m ileage.
The average miles o f main track operated for the year
were 799.27, an increase of 78.88 m iles, as com pared with the
preceding year. This increase is due to the operation of the
railw ay o f the Des Moines & Fort D odge R ailroad C om pany,
in clu d in g mileage over which that C om pany has trackage
rights during the entire year, as com pared w ith six m onths
last year.
IN C O M E F O R T H E Y E A R .
The gross receipts and expenses for the year, com pared
w ith corresponding figures for the previous year, show :
R eceipts—
T h is Y e a r .
P a s s e n g e r .. .............. .. ................... $ 1 ,0 0 1 .5 4 8 39
M ail ........................................................
1 0 5 .9 1 1 31
E x p r e s s .................................................
5 6 ,6 5 7 47
F r e ig h t ................................................. 2 ,5 5 0 .5 6 3 55
S u n d ry
--------- -------------------------11 ,9 | 7
------ D u r in g the Y ea r------Increa se.
%
$ 1 0 4 ,2 3 7 0 6
1 1 .6 2
1 0 ,4 6 5 9 7
1 0 .9 7
4 7 4 5 47
9 .1 4
5 2 8 ,5 7 0 0 6
2 6 .1 4
j ,89 1 0 5
1 8 .7 3
T o t a l ................... .. .............................$ 3 ,7 2 6 ,6 6 5 50
O p e r a tin g e x p e n se s........................ 2 .1 4 3 .7 2 7 9 7
$ 6 4 9 ,9 0 9 61
3 1 4 .8 4 3 10
2 1 .1 2
1 7 .2 2
over o p c r ’ tln g e x p e n ’8 $ l .582.937 53
$335,066 51
26.85
R e c e ip t s
portation receipts, and receipts over operatin g expenses as
com pared w ith the previou s year. A fter the paym en t of
taxes, interest or funded d eb t and oth er fixed charges, and
the regular sem i-annual dividends o f twro and on e-h alf per
cent each on the preferred stock , aggregating $200,000 00,
the surplus for the year am ounted to $216,029 95, an increase
over the previous year o f $158,535 03.
T R A F F IC
S T A T IS T IC S .
A com parison of passenger and freight traffic w ith the
previous year show s:
T h is
Y ea r.
A v e r a g e d ista n c e c a r r ie d __________
A v e r a g e rate per p ass per m ile ___
T o n s o f rev en u e freig h t c a r r ie d . _.
T o n s o f r e v . freig h t carried 1 m ile.
A v e r a g e d ista n ce c a r r ie d __________
A v e r a g e ra te per to n per m ile ____
1 ,2 1 1 ,1 7 3
4 9 ,0 6 1 .7 8 8
4 1 .0 0
1 . 9 6 7 CtS.
2 ,3 6 5 ,8 7 6
2 2 1 .2 4 8 .5 3 9
9 3 .5 2
1 . 1 5 3 C ts .
-------- D u r in g the Y ea r
In crea se.
D ecrease.
__
_____
3 ,2 7 0 .7 5 6
2 .8 8
.07 9 c ts .
3 9 8 ,2 7 7
3 7 ,1 0 8 .4 4 3
____________
.0 5 5 c ts .
5 ,7 6 4
_____
_____
.....
_____
__ .
.07
_____
%
.4 7
7 .0 5
7 .5 6
4 .1 8
2 0 .2 4
20 .1 5
.0 7
5 .0 1
:eipts there was an increase of
$104,237 06. or 11.62 per cen t. The decrease of 5,764 in the
num ber of passengers transported was more than offset by
an increase of 7.56 per cent in the average distance traveled
per passenger. O f the 3,2 7 0,7 5 6, or 7.05 per cent increase
in passengers carried one m ile, 8.25 per cent was in local
travel and 3.23 per cent in through .
When it is considered
that the business for the previous year was largely increased
b y travel to the Louisiana Purchase E x p osition , the gain in
through traffic this year is a gratifyin g evidence o f the a p
preciation b y the public o f the m odern and high-class eq u ip
ment used by the C om pany in its through train service.
1114
THE CHRONICLE.
The receipts from freight traffic increased $528,570 06,
or 26.14 per cent. Of the 37,108,443, or 20.15 per cent in
crease in the num ber o f tons of revenue freight carried one
m ile, 19.36 per cent was in local traffic, and 20.54 per cent
in through. There was a slight decrease in the average dis
tance carried per ton , but this was overbalanced b y an in
crease o f .055 cents in the average rate received per ton per
m ile, due to an increase in the high grade o f com m odities
carried. The density of revenue freight carried per mile of
road increased 8.29 per cent, receipts per mile o f road 13.69
per cent and per freight train mile 6.32 per cent.
There was a gratifying increase in nearly all classes of
com m odities transported, and reference to T able No. 7 will
show the character of the tonnage carried, its volu m e and
the changes as com pared with the preceding year.
[V o l. L x x m i.
GENERAL.
The physical condition of the property was fully m ain
tained, and in m any respects was im proved during the year.
T h e e x p e n d itu r e s m a d e fo r b e t t e r m e n t s , im p r o v e m e n t s
a n d a d d it io n s , a n d c h a r g e d to c a p ita l a c c o u n t d u r in g th e
y e a r, w ere:
B alla stin g a n d re c tify in g g r a d e s ______________
_________________ $ 3 6 ,04 2
B u ildin gs a n d s ta tio n g r o u n d s ____________________ __________ .
33,2 03
S h o p m a c h in e ry arid t o o l s . . - _________ ______
________________
239
R o a d crossin gs a n d fe n c in g , e t c .
______________________________
1,1 7 4
S id e t r a c k s ____ __________________
_____
________________________
27,4 02
________________ _____________________
22,319
E q u i p m e n t ________________
92
24
58
87
85
11
T o t a l __________ ______________________ 1_____ ________________________ $ 12 0 ,4 3 2 57
The Com pany expended to June 30 1906 $79,701 98 for
betterm ents, im provem ents and additions to the property of
the D cs Moines & Fort D odge R ailroad C om pany. In p ay
ment o f this expenditure and in settlethent of its certificate
O P E R A T IN G E X P E N S E S .
o f indebtedness, am ounting to $305,200 00, you r Board
The ratio of operating expenses to gross transportation authorized the acceptance of $385,000 00, face valu e, second
receipts for the year was 57.52 per cent, as against 59.44 for m ortgage five per cent bonds of that C om pany, and these
the previous year. Com pared w ith the corresponding figures are now held in the Treasury of the Com pany.
for the preceding year, th ey show:
The E quipm ent Trust notes, am ounting to $56,483 04,
,
— D u rin g the Y e a r w hich m atured during the year, were paid.
T h is Year.
Increase.
%
In Decem ber 1905 the M innesota D akota & Pacific R ailw ay
$ 10 6 ,9 4 5 81
31.6 5
M a in ten a n ce o f w a y a n d s tr u c . $44 4 ,8 1 7 19
25.1 2
8 2 ,5 9 6 44
M a in ten a n ce o f e q u ip m e n t____
4 1 1 ,4 1 8 45
Com pany was incorporated to construct a line of railway
C o n d u ctin g tra n sp orta tion .___ 1 ,1 5 8 ,3 3 9 13
118 ,30 7 49
11.37
within the State o f South D akota from the terminal of this
5.72
G en era l e x p e n s e s _____ _______
129,153 20
0 ,9 9 3 36
C om pany's line at W a tertow n , w estwardly to Le Beau, on
17.22
$ 31 4 ,8 4 3 10
T o t a l ___ 1_____ __ _______ _____ $ 2 ,1 4 3 ,7 2 7 97
the Missouri R iver, a distance o f abou t 172 miles, w ith a
In expenses for m aintenance o f w ay and structures there branch northw esterly from Conde to L eola, a distance of
was an increase of $106,945 81, or 31.65 per cent. T h ey in about 57 miles. Under an agreem ent with the Minnesota
clude $43,007 52, the cost o f relaying 5.72 miles o f main line D akota & Pacific R ailw ay C om pany and the D ak ota Con
track with 80-lb. steel rails and 54.5,1 miles with 70-lb. rails struction C om pany, you r C om pany, to aid in the construc
to replace lighter rails. In renewals of cross-ties there was tion o f the road, issued during the year its five year notes
an increase o f $39,896 23, in repairs to roadw ay and track of denom ination of $1,000 each, aggregating $5,000,000 00
$25,999 73 and in repairs to buildings $10,985 33. Repairs bearing interest at the rate o f five per cent per annum from
to bridges decreased $8,811 07 and repairs to fences $3,274 69. February 1 1906, the principal m aturing F ebruary 1 1911.
The expenses for m aintenance o f equipm ent increased These notes are secured b y the entire issue of capital stock
$82,596 44, or 25.12 per cent. The repairs to locom otives and first m ortgage bon ds o f the M innesota D akota & Pacific
increased $15,151 36, due to a greater num ber receiving re R ailw ay C om pany, and are deposited with the Central Trust
pairs this year than last. R epairs to freight cars increased Com pany of New Y ork City, Trustee.
$62,431 16. There were con dem ned or destroyed during
The territory which this line will serve is b oth a rich agri
the year 203 freight cars, and their cost, $60,439 83, is in cultural and grazing cou ntry, the greater portion of w hich is
cluded in these expenses. R epairs to. road service cars in now under cu ltivation , and the remainder is being rapidly
creased $4,607 16.
settled and prepared for cu ltivation . The principal products
The average cost o f repairs per lo co m o tiv e , per passenger of the soil are w heat, oats and corn , and, being an excellent
car and per freight car, com pared with the cost for last year, grazing cou n try, m uch live-stock is also raised. The grain
was:
produced and the shipm ent o f live-stock will m ove eastward
1906.
1905.
over the lines of this C om pany to or through the cities of
P e r lo c o m o t i v e _____________________________________ $1,4 97 40
$ 1,4 26 76
In addition, there will be a large
P e r p a ssen ger tra in c a r ___________________________
448 18
488 25 Minneapolis and St. Paul.
P e r fre ig h t tra in c a r ______________________________
64 16
47 13 m ovem ent of lum ber, building materials and coal westward
C onducting transportation expenses increased $118,307 49, over these lines from the cities of M inneapolis, St. Paul, Des
or 11.37 per cent. In the expenses for train service there Moines and A lbert Lea to points on the new line.
The business prospects for the ensuing year are good .
was an increase of $65,685 47, due to an increase of 7.05 per
cent in the num ber of passengers carried one m ile, 21.65 per From present indications the w heat and oats crop will equal
cent in tons carried one mile and 13.57 per cent in traffic last year’s; the corn crop will exceed the ou tpu t for last year.
The attached statem ents o f the A uditor show in detail,
locom otiv e miles. In expenses for station and term inal
service there -was an increase of $46,688 22, due to an in the financial con dition of the C om pany, its operation during
crease of 19.93 per cent in the num ber o f tons handled. The the year, and its physical con dition at close of June 30 1906.
The B oard acknowledges to the officers and em ployees
paym ents for loss and dam age and injuries to persons in
creased $8,712 45. In car hire and rental of equipm ent its appreciation of their faithful and efficient service during
there was a decrease of $5,938 16.
the past year.
B y order o f the Board.
In general expenses there was an increase o f $6,993 36,
E . H A W L E Y , President.
prim arily for legal services.
GREENE C O N SO LID A TE D COPPER COM PAN Y.
F IF T H A N N U A L R E P O R T — F O R T H E Y E A R E N D E D J U L Y 31ST 1906.
New York, October 11 1906.
To the Stockholders of the Greene Consolidated Copper Co :
I take pleasure in handing you herewith the Annual R e
p ort of the Greene Consolidated Copper C om pany for the
fiscal year ended July 31 1906, including reports of the Gen
eral Manager and of the superintendents of the different
departm ents o f the com p an y in Cananea, M exico, being the
fifth Annual R ep ort o f the Company'.
P roduction for fiscal year, 55,943,738 pounds o f bullion,
having a gross value, including gold and silver contents, o f
$9,915,548 44, m aking a total produ ction for the five years
during w hich the Com pany has been in active operation of
113,745 1564-2000 tons o f returnable fine copper, o f a total
gross value o f $34,184,466 00.
The capital expenditure during the year was $1,749,946 00,
as com pared with $852,995 48 in the preceding year.
The average price received for copper sold during the year;
was 17.318 cents per pou nd, the highest average m on th ly
price being 18.895 cents for the m onth of January, while the
low est m on th ly average was 15.59 cents per pound for the
m onth of A ugust 1905.
D ividends aggregating $2,182,400 00 were paid during
the fiscal year, m aking a total of $4,994,400 00 paid in d iv i
dends to July 31 1906.
The Balance Sheet of July 31 1906 shows total current lia
bilities, n ot including capital stock , of $1,367,910 99, as
against current assets of $4,036,033 25, and investm ent at
Cananea, as per detailed statem ent, of $16,291,184 93.
Follow ing our previous custom , no accou nt is taken in
the Balance Sheet of our ore reserves, w hich have an esti
m ated value o f m ore than One Hundred Millions of dollars.
During the past year the area of the C om pany’s mineral
lands was extended b y the additional location of 3,519 per.tenencias, all of w hich is upon the mineral b e lt, and, in view
o f recent developm ents, promises to be o f equal value with
the ore lands previously ow ned b y you r C om pany. D ur
ing the year 1,583 pertenencias of recently located , undevel
oped mineral land were sold b y the Cananea Consolidated
Copper Com pany to the Cananea Central Copper Com pany
for 200,000 shares of the par value o f Ten Dollars each, fullpaid and non-assessable, o f the Cananea Central CopperC om pany’s stpek. This stock , while carried on our book s at
par, is selling at $26 00 for $5 00 paid stock or $31 00 for
full-paid stock, a m arket value of $4,200,000 m ore than the
am ount for w hich it is carried on our book s. During the
com ing year the Greene Com pany should receive very large
dividends upon this stock.
The Com pany also acquired the past year $7,650,000 00,
par value, of the stock of the Sierra Madre Land and L um
ber C om pany, thereby giving us the ownership o f 5 1 % of
2,325,000 aci-es o f h eavy tim ber lands. This stock also has
a value of m ore than par and will in the com ing year p ay
large dividends into the treasury of our Com pany.
The report of the respective division managers will show
the im portant im provem entsvand extensions of our plant now
under w ay. These betterm ents and extensions will m ateri
ally increase the tonnage that can be handled and con-espondingly lessen the cost per ton of treating ore. A lthough the
amount of ore treated has been v ery largely increased dur
ing the past year, facilities for handling double our present
tonnage have been p rovided and our mines are open suffi
ciently to m ore than m eet any demands that m ay be made
Nov. 3 190(i. ]
T H E C H R O N IC L E .
II 15
upon them in case it should be decided to increase our pres v .L INCOM E AC C O U N T,FO R _,TH E jY E A R aE N D E D _J U L Y 31 1 9 0 6
ent concentrating capacity.
C o p p e r P r o d u c t i o n :.................................» ■ •
•
G ro ss P ro ce e d s o f th e S a le o f F in e C o p p e r _____ $ 8 ,4 6 6 ,9 2 3 69
The policy of the company in maintaining as nearly as
V a lu e o f F in e C o p p e r o n h a n d ______ _____________
7 2 4 ,2 3 3 19
practicable a uniform production has been continued, and as
N e t P ro ilt fr o m th e S a le o f O r e , C o n c e n tra te s
8 4 ,8 1 9 9 2
iuid M a t t e _______________ _______ _____ __________ _
the capacity of your plant has increased and the price of cop
per has advanced, a larger proportion of low-grade ores has
$ 9 ,2 7 5 ,9 7 6 80
S e llin g a n d S h ip p in g E x p e n s e s .................................
2 0 5 ,0 3 7 12
been treated, the average copper extraction per ton of ore
treated for the past year having been 58.6 pounds per ton,
N e t P r o c e e d s .................................................................... $ 9 ,0 7 0 ,9 3 9 68
C o st o f P r o d u c t i o n ,................................. ............. .......... 6 ,0 7 5 ,8 9 0 3 3
as against 87.S pounds per ton for the preceding fiscal year,
necessitating the treatment of a greatly increased tonnage
G ro ss P ro fit on P r o d u c t i o n .. ______ ______________________ _____ $ 2 ,9 9 5 ,0 4 9 35
of ore. During the previous fiscal year the number of tons M isc e lla n e o u s R e v e n u e s .______ _________ _________ ___________________
6 4 ,3 9 8 30
necessary to treat in order to produce one ton of copper was
$ 3 ,0 5 9 ,4 4 7 65
22.77, while during the year under review it was 34 13. As A d m in is tr a tiv e E x p e n s e ......................... ................................................ .......... 1 1 3 ,6 5 7 21
the cost per pound for producing copper is governed very
G ro ss E a r n i n g s .................... ........................................................................... $ 2 ,9 4 5 ,7 9 0 4 4
largely by the number of tons of ore necessary to handle for N e t P ro fit fro m th e S a le o f M in e r a l L a n d s __________________________ l ,9 9 0 ,5 4 0 29
producing one ton of copper, our production cost per pound
ss P r o fits ________________________ ________ ____ _______ ________ _ $ 4 9 3 6 ,3 3 0 7 3
has not been lowered, but our profits have been derived D e d uGc tro
io n s—
E x p lo r a tio n an d D e v e lo p m e n t o f O re R e s e r v e s $ 5 8 3 ,7 1 4 32
from treating a larger tonnage of low-grade ore. During the
L o ss b y S trik e a n d R io t a t C a n a n e a In J une
year the cost of mining was reduced 18%. equivalent to
1 9 0 6 ________________________________________________
1 6 7 ,5 0 9 4 0
R e s e r v e to re d u ce C o p p er on h a n d to c o st of
75.4 cents per ton, and of treating in blast furnaces 12%, or
p r o d u c t i o n ______ ________________________________
1 0 8 ,1 3 7 01
49.8 cents per ton. While our reserves of high-grade smelt
1 0 9 ,1 6 0 7 8 — 9 6 8 ,5 2 1 51
In te r e s t ........................................................................
ing ore have been largely increased, yet tihe tonnage of low
N e t P ro fits fo r th e Y e a r ________________________ __________ _______ $ 3 ,9 6 7 ,8 1 8 2 2
grade concentrating ores has increased in a very much largeiratio. The fact that while treating an ore of materially D iv id e n d s d eclared a n d p a id d u rin g th e y e a r ___ $ 2 ,1 8 2 ,4 0 0 0 0
la n c e , U n d iv id e d S u r p lu s o f th e y e a r carried
lower grade we have been enabled to maintain our earnings, B ato
th e cre d it o f G e n e ra l P ro fit a n d L o s s A c
emphasizes the necessity for increased concentrator capacity
c o u n t ______ _______ _________________________ _______ _
1 ,7 8 5 ,4 1 8 22
to enable us to utilize our vastly increased reserves of low$ 3 ,9 6 7 ,8 1 8 22
grade ores.
Owing to the continuance of high waters during the past
G E N E R A L P R O F IT A N D LO SS A C C O U N T .
year, it has been difficult to get accurate data as to the flow B a la n c e a t cre d it J u ly 31 1 9 0 5 ______ __________________________________ $ 1 ,5 0 4 ,3 6 7 9 6
$ 3 ,0 7 0 2 9
of the Yaqui River, Where,-under our concessions, we contem S u n d r y A d ju s t m e n t s d u rin g th e y e a r — DC rr ________
.
2 ,9 9 6 5 0
plate installation of an electrical power plant for furnishing
7 3 79
power for Cananea and adjacent camps. A party of engi U n d iv id e d S u rp lu s fo r th e y e a r e n d e d J u ly 31 1 9 0 6 , as p er
In c o m e a c c o u n t _________ ____________________________ ___________ ______ 1 ,7 8 5 ,4 1 8 22
neers, representing one of the strongest electrical banking
B alance at credit July 31 1906, per B alance S h eet__________ $3,289,859 97
houses in the world, is now on the Yaqui River investigating
BA LA N C E S H E E T JU L Y 31 1906.
conditions with a view to the installation of an electrical
ASSETS.
plant to furnish from twenty to thirty thousand horse-power Investm ents of C apital, as per detail
s ta te m e n t.........................$16,291,184 93
per year. Should this proposition be carried out, it will ef Sierra Madre Land & Lum ber Com pany S tock , 76,500 Shares
@
$100
00
par________________
______________
_______________ 7,650,000 00
fect a reduction of about forty per cent (40%) in our power Cananea Central Copper Com pany S tock , 200,000
Shares
cost as well as result in a very large saving in the repair
@ $10 00 par____ _______ _________ _________________________ 2,000,000 00
M
exican
G
overnm
ent
B
onds,
to
secure
concessions,
at
pur
account as compared with steam.
chase price________________________________________ _________
49,273 35
As mentioned in our last Annual Report, the exceedingly Item s In Suspense:
U
nearned
insurance
prem
ium
s,
equipm
ent
w
ork
In
pro
large lumber consumption at Cananea (which we have been
gress, &c_________________________________________________
23 538 03
obtaining from Puget Sound in the State of Washington and Current
Assets:
Inventories—
vicinity), has made it expedient for the Company to secure
F u el, Lum ber and M erch a n d ise.$ l,299,256 50 ■ •
its own timber supply, and, with this end in view, during the St) Supplies,
Ore In bins at cost of ex traction __________
40.612 83
N et equity In unsettled deliveries of Copper,
past year The purchase of fifty-one per cent (51%) of the
■
E
Silver
and
G
old,
of
Copper
sold
but
not
Sierra Madre Land and Lumber Company was made, thereby
delivered, and of Sliver and Gold on
■ • •j
giving us the control of 2,325,000 acres of heavy timber land, • ■ hand ..............
1,452,487 89 • • - j
A
ccounts
R
e
c
e
iv
a
b
le
____________
330,111
80
carrying an estimated stumpage of twenty billions of feet.
N otes R e c e iv a b le ____________________________ 452 120 52
Since the acquisition of this property the price of lumber • Cash on hand and In B an k s_____ $519,443 71
Less drafts of M exican office in
has increased S9 00 per thousand, showing the wisdom of se
T r a n s it..___________________ 58,000 00
curing our supply for the coming century at the very low
------------------ 461,443 71 •!
figure at which we obtained our present holdings, as well as
T
otal
Current
A
ssets_________________________________
4,036,033 25
enabling the Company to reap very large profits from the sale
T o t a l A s s e t s .................... .................... .................................................$ 3 0 ,0 5 0 ,0 2 9 5 6
of lumber to outside parties. The timber tract which we
now control is probably the largest in one ownership in the
L IA B IL IT IE S .
C u rren t L ia b ilities—
world, and the lumber upon it will have a net value, after
c r u e d L a b o r , B a la n c e o f J u ly p a y ro ll d u e
manufacture, of many times the entire capital stock of the A•cIn
$ 2 0 0 ,0 2 3 20
A u g u s t ____________________________________________
Greene Consolidated Copper Company.
L lb re ta s (S to re O rd ers) O u t s t a n d in g ....................
3 1 ,6 2 3 41
b le _____________________________
6 3 5 ,8 3 0 6 4
The Cananea Consolidated Copper Company has con AN cocteo us nPtsa yPa abylea_________________________________________
2 1 ,7 4 8 91
structed 52 kilometres of broad-gauge road, connecting the B a n c o d e C a n a n e a P a y a b le s — C o m p a n y ch e ck s
o u ts ta n d in g _ a n d _ b a la n c e s d u e o th e r B a n k s .
7 1 ,4 4 4 4 6
$ 9 6 0 6 7 0 62
mills of the Company at Diedrick with the Chihuahua & Pa
------------------cific R R . at Temosachic, which is now practically completed, B a n c o d e C a n a- n4eWa D •e p o s ito r s ’ A c c o u n t s _______________________
4 0 7 2 4 0 37
••-i •
-------------------while a plant with a capacity for manufacturing five hundred
t a P A c t u a l L ia b i lit i e s ____________ ______________________________ $ 1 ,3 6 7 ,9 1 0 9 9
thousand feet of lumber per day is being installed. By Jan C•aTpoita
l S t o c k , 1 ,0 0 0 ,0 0 0 S h a res a t $ 1 0 0 0 . . . ................. ................ 1 0 ,0 0 0 ,0 0 0 0 *
uary 1st 1907 it is anticipated that our entire timber supply *■................ ; l , A\ • • R E S E R V E S A N D S U R P L U S .
R e s e r v e s _________________________________________________ $ 7 ,6 7 7 ,0 2 3 0 6
will be received from this source.
s te d In P e r m a n e n t
Balance sheet of the Sierra Madre Land and Lumber Com S u rp Ilumsp rIno vveem
e n t s , su c h su rp lu s
h
a
v
in
g
b
e e n re a liz e d as f o l
pany is attached to this report.
lo w s :
In the early part of the month of July serious labor trou
P re m iu m on S h a res I s s u e d ___ $ 5 ,5 6 3 ,4 0 1 25
P ro ce e d s o f 1 8 2 ,5 0 0 sh a res d o
bles occurred at Cananea, resulting in a loss of a number of
n a te d t o th e C o m p a n y b y
lives, among whom were Mr. George Metcalf, Superinten
W . C . G r e e n e .................................. 2 ,1 5 1 ,8 3 4 29 7 ,7 1 5 ,2 3 5 54
dent of our Lumber Department, and his brother. Mr. Met
P
r
o
flt"a
o s s (S e e G e n e ra l P ro fit a n d L o s s
calf was an old and valued employee of the Company, and was ■ A c c o unndt )L___________________________
_______ ________ 3 ,2 8 9 ,8 5 9 9 7
murdered by the mob while discharging his duty in protecting
T
o
t
a
l
R
e
s
e
rv
e
s
a
n
d
S
u
r
p
lu
s
______
_______ ________________________ 1 8 ,6 8 2 1 1 8 57
the property entrusted to his charge.
In addition to the direct property loss, our labor force was
T o t a l ............................................................. .. ......................................................- . $ 3 0 , 0 5 0 , 0 2 9 56
disorganized forsome time, thereby making a very material re
One of the assets of the Greene Consolidated Copper Com
duction in our year’s production. The ultimate result, how
pany
is the Sierra Madre Land and Lumber Companjq of
ever, has been beneficial, as it has led to the establishment
of a permanent post by the Mexican Government, where a the capital stock of which the Copper Company owns 51 per
large garrison will be maintained, thereby affording the prop cent. Following is the balance sheet:
T H E S IE R R A M A D R E
LAND
AND
LUMBER
COM PANY
BAL
erty of the Company ample protection.
A N C E S H E E T A S O F S E P T . 30 1 9 0 6
Specifications are being prepared for an increase in the
ASSETS.
concentrating plant, and this installation will probably be P ro p erties:
L a n d s , O p tio n s an d C o n made during the coming year.
■ t r a c t s ............................ ................$ 1 7 ,3 7 7 ,8 5 2 3 3
U n c u t S tu m p a g e
1 8 ,3 2 7 ,The Company now numbers 7,792 stockholders, thus giv
5 2 2 , 0 0 0 = $ 3 . 0 0 per th o u
ing a very wide distribution of stock and placing the securi- |
san d ...................... .. ..................... 5 4 ,9 8 2 ,6 5 6 0 0 $ 7 2 ,3 6 0 ,5 0 8 33
2 7 8 ,4 5 5 0 3
ties of the Company in a much stronger position than ever R ailroa d C o n stru c tio n
an d A p p u r te n a n c e s , S to r e s , L iv e
before, and lessening the possibility of manipulation in its S a w mS ills
2 0 8 ,5 2 3 56
to c k , & c ............................ ........................................
stock.
4 6 3 .0 0 0 0 0
B o n d s In T r e a s u r y ________________________________
2
0 .3 ,2 4 3 35
Cash
_______________
____________________________________
The management desires to express to the stockholders Ite m s In S u s p e n s e ___________________________________
1 7 7 ,7 0 6 78
its sincere thanks for the support given it at all times, and
L IA B IL IT IE S .
$ 1 5 ,0 0 0 ,0 0 0 00
testifies with pleasure to the efficiency and devotion to the C a p ita l S t o c k _________________ _____________ _________
3 ,0 0 0 .0 0 0 0 0
B o n d s ________________________________________________
Company that have been manifested by all its operating N o te s an d A c c o u n ts P a y a b l e .............................. ..
7 9 8 .7 8 1 05
departments.
$ 1 8 ,7 0 8 ,7 8 1 05
T o t a l L ia b ilitie s , In clu d in g C a p ita l S t o c k . .
Respectfully submitted,
5 4 ,9 8 2 ,6 5 6 0 0
R e s e r v e R e p re se n te d b y U n c u t S t u m p a g e . W. C. GREENE,
$ 7 3 ,7 8 1 ,4 3 7 0 5 $ 7 3 ,7 8 1 ,4 3 7 05
P r e sid e n t.
1110
T H E C H R O N IC LE .
[V O L . L X X X I1I.
BUFFALO & SUSQUEHANNA RAILROAD COMPANY.
T W E L F T H A N N U A L R E P O R T — F O R T H E Y E A R E N D E D JU N E 30 1906.
B u ffa lo, N . Y , Septem ber 18 1906.
To the Stockholders and Bondholders o f the B u ffa lo & Su sque
hanna R ailroad C om pan y:
The Board of D irectors subm it the follow ing report, re
lating to the financial affairs o f you r C om pany and the ph ys
ical condition o f its prop erty, for the fiscal year ended June 30
1906.
M IL E A G E OF R O A D O W N E D A N D O P E R A T E D .
The follow ing com parative sum m ary shows the essential
facts with respect to the mileage o f road operated:
Totals as at
June 30 1906.
Totals as at
June 30 1905.
M ain t ra ck o w n e d ____________________________ 222 .56 m iles
M ain t ra ck l e a s e d ------------------------------------------- 19.8 4 “
63
“
M ain t r a c k tra ck a g e r i g h t s ................
2 22 .35 m iles
20.11
“
.63
“
243 .03 m iles
2 43 .09 m iles
5 3.7 3 m iles
5 .4 2
“
5 3.0 3 m iles
4 .3 6
“
T o ta ls o f m a in tra ck
S id in gs a n d ya rd s ow n ed
S id in g s a n d ya rd s leased
T o ta ls o f sid ings a n d y a r d s . . _____________ 59.1 5 m iles
5 7.3 9 m iles
T o ta ls o f all t r a c k ________________________ .. 3 0 2 .1 8 m iles
3 00 .48 m iles
The average mileage o f m ain track operated during this
fiscal year was 243.03 m iles, as com pared with 172.46 miles
in the previous year.
There were no changes in the mileage o f main track o p
erated during this fiscal year, the slight difference indicated
above being occasioned b y re-m easurem ents.
The schedule on page 30 shows in detail the mileage of
all road ow n ed, leased, operated, etc.
N ote.— T h e rela tion s e x is tin g b e tw e e n th e B u ffa lo & S u sq u e h a n n a R a il
ro a d C o m p a n y a n d Its s u b sid ia r y a n d a ffilia te d c o m p a n ie s a re s o clo se a n d
in te rw o v e n th a t It Is d e e m e d a d v isa b le t o refer o c c a s io n a lly t h r o u g h o u t this
re p o rt t o th e affairs o f th o s e c o r p o r a t io n s , in o r d e r th a t a b e tt e r u n d e r
s ta n d in g o f th e s itu a tio n m a y b e h a d .
I t sh ou ld b e u n d e r s to o d , h o w e v e r ,
th a t this re p o rt trea ts o n ly o f th e o p e ra tio n s a n d fina n cia l a ffairs o f th e B u f
fa lo & S u sq u eh a n n a R a ilro a d C o m p a n y , unless o th erw ise s p e c ific a lly
s ta te d .
C A P IT A L STO C K .
No changes were m ade during the year in the Com m on
Capital Stock issued, the am ount being $5,494,400, o f which
$1,037,500 o f stock remains in the treasury o f this C om pany,
and the balance, am ounting to $4,456,900, is owmed b y the
Buffalo & Susquehanna R ailw ay C om pany.
There -was issued during the year for general purposes of
the Com pany $1,000,000 o f Preferred S tock . Thus, at
June 30 1906, the am ount o f Preferred Capital Stock o u t
standing was $4,000,000.
The schedule on page 32 shows further particulars regard
ing the capital stock o f this C om pany and its subsidiary and
affiliated com panies.
FUNDED DEBT.
During the fiscal year the am ount o f First M ortgage 5 per
cent Bonds outstanding were reduced b y the retirem ent of
$26,500 through the operation o f the Sinking Fund and the
exchange of $9,000 for an equal am ount o f First M ortgage
4 per cent B onds. The am ount o f First M ortgage 5 per cent
Bonds outstanding at June 30 1906 was $180,500.
The first R efunding M ortgage 4 per cent B onds outstand
ing were increased during the year in the sum o f $2,337,000
for the follow ing purposes:
T o p r o v id e fu n d s fo r tb e a c q u isitio n o f a first m o rtg a g e on
co a l la n d s o w n e d b y t b e B u ffa lo & S u sq u eh a n n a C oal &
C o k e C o m p a n y _________________________________________________ $ 1,2 4 0 ,0 0 0
T o p r o v id e fu n d s fo r th e p u rch a se o f n ew e q u ip m e n t _________ 1 ,0 6 4 ,0 0 0
T o p r o v id e fu n d s fo r th e S in k in g F u n d fo r th e re tirem en t o f
' • F irst M ortg a g e 5 % B on d s m a tu rin g O c to b e r 1 1 9 0 6 ----------24,0 00
In e x c h a n g e fo r a n eq u a l a m o u n t o f F irst M ortg a g e 5 % B on d s
9 ,0 0 0
00
00
00
00
T o t a l Issued d u rin g th e y e a r ________ _________ _________________$ 2 ,3 3 7 ,0 0 0 00
The am ount of First R efunding M ortgage 4 per cent
Bonds issued to June 30 1906 was. $8,870,000, of which
$175,000 of bonds "were at that date in the treasury, $153,000
o f bonds had been pledged as collateral, and $19,000 o f bon ds
were held b y the trustee, having been purchased from sinking
fund contributions.
The schedule on page 33 gives further particulars regarding
the funded debt of this Com pany and its subsidiary and
affiliated com panies.
F IN A N C IA L C O N D IT IO N .
The financial condition of the C om pany as at June 30 1906
is shown b y the general balance sheet on another page.
All knowm assets and liabilities o f every character are stated
therein, and the contingent liabilities and depreciation in
values of p roperty and securities ow ned being am ply p ro
vided for in the several reserve accounts. A ppropriate
schedules are also subm itted in explanation o f the principal
item s stated in the general balance sheet.
The statem ent showing resources acquired and their appli
cation, on page 22, will indicate the im portant changes in
the financial affairs of the C om pany during the fiscal year.
A t the close of the fiscal year the Net W orking Assets
am ounted to $232,488 25, and the stock o f fuel, material
and supplies was valued, at cost, at $212,176 45.
Exclusive of the equipment constructed at the Company's
shops, the cost of which was charged to Renewal Reserve
Fund a ccou nt, there were received during the year 11 lo co
m otives, 12 passenger service cars, 1,000 freight service cars
and 17 w-ork cars, the aggregate cost o f which was $1,069,020 24.
Cash am ounting to $695,000 has been advanced to the
Plum ville Railroad Com pany and the Southwestern Du Bois
R ailroad Com pany for construction purposes. The larger
part o f these advances will be funded b y the issue of First
R efunding M ortgage Bonds of this C om pany, when the cor
porate merger of the tw o com panies nam ed with this Com
pany is consum m ated.
A part of the indebtedness of the Buffalo & Susquehanna
Coal & Coke Com pany has been funded b y the issuance to
this C om pany of a First M ortgage am ounting to $1,240,000.
This, in turn, has been deposited with the trustee of the First
R efunding 4 per cent M ortgage.
IN CO M E A N D P R O F IT A N D LOSS ACCOU N TS.
The results from the operations o f the C om pany during
the fiscal year are shown b y the follow ing com parative
sum m ary:
---- Year ended June 30 th-------- -------- -Increase--------1906.
$1,5 22 ,7 4 0 30
G ross E a r n in g s ___ __
O p eratin g E xp en ses a n d
T a x e s _______________
9 8 7 ,5 2 7 55
N et E a rn s, fro m O p e r’n
I n c o m e fro m o t h .s o u r c ’ s
$53 5 ,2 1 2 75
137 ,61 2 77
1905.
$ 1 ,1 2 9 ,8 6 4 74
Am ount.
? % "
$39 2 ,8 7 5 56
34.7 7
7 5 3 ,2 4 4 96
2 3 4 ,28 2 59
31.1 0
k-f
$ 37 6 ,6 1 9 78
190,861 29
$ 15 8 ,5 9 2 97
42.11
* 5 3,2 48 52 *2 7.9 0
Total Available Incom e .
$ 67 2 ,8 2 5 52
$ 567,481 07
$ 10 5 ,3 4 4 45
18.56
In te re st o n F u n d .D e b t .
O th er D e d u c t i o n s ____
$ 2 9 1 ,3 8 9 61
134,930 61
$19 2 ,3 3 6 96
5 1 ,1 3 0 37
$ 9 9 ,0 5 2 65
8 3,8 00 24
51.50
163.90
Total Deductions from
Available Incom e____
$ 42 6 ,3 2 0 22
$ 2 4 3 ,4 6 7 33
$ 18 2 ,8 5 2 89
75.1 0
Net Inc'm e for F lsc'l Y ’r
$ 24 6 ,5 0 5 30
$ 32 4 ,0 1 3 74
*$ 7 7 ,5 0 8 44
*2 3.9 2
T h e N et I n c o m e fo r th e y e a r, as s h o w n a b o v e , a m o u n te d t o ____ $ 2 4 6 ,5 0 5 30
T h e a m o u n t a t c r e d it o f P ro fit a n d L oss A c c o u n t
o n J u n e 30 1905 w a s _____________________________ $ 58 4 ,1 9 5 71
F ro m w h ich h a v e b een d e d u c te d s u n d ry ch arges,
a m o u n tin g t o _____________________________________
6 ,8 6 2 13
T h e d ifferen ce b e in g a d d e d t o a b o v e ____________________________
5 7 7 ,3 3 3 58
M a k in g a t o ta l o f ________________________________________ ______ $ 82 3 ,8 3 8 88
T h e re w ere p a id fo u r d iv id e n d s o f 1 p e r ce n t each
o n th e P re fe r re d S to c k , a m o u n tin g t o _________ $ 13 0 ,0 0 0 00
A n d th ere w ere p a id fo u r d iv id e n d s o f 1 % p er
ce n t e a ch o n th e C o m m o n S to c k , a m o u n tin g t o 2 2 2 ,84 5 00
T h e t o t a l o f w h ich b e in g d e d u c te d fro m th e a b o v e ____________
3 5 2 ,8 4 5 00
L e a v in g th e b a la n c e a t cre d it o f P ro fit a n d L oss A c c o u n t o n
J u n e 30 1 9 0 6 ______,_____________ _______ ______ _______________ $ 4 7 0 ,9 9 3 88
* D ecrea se,
W hile it was necessary to draw on the accum ulated surplus
o f previous years for a part of the dividends on the com m on
stock , this was occasioned entirely b y the unfortunate
labor troubles in the coal regions. W ith the developm ent
o f additional traffic from the coal properties, as well as from
other sources, the earning cap acity o f you r prop erty here
after in all departm ents will be m aterially increased."
The Profit and Loss balance o f $470,993 88 represents the
net surplus remaining after paym ent o f all charges and d ivi
dends from the date o f organization o f the Com pany to June
30 1906. This account has n ot been affected in any w ay b y
refunding operations or the issue of securities.
The above stated results do n ot include any revenues or
expenses o f those affiliated com panies whose lines o f railroad
are in course o f construction. All revenue derived from such
jo in t traffic has been carefully apportioned betw een the re
spective com panies on the basis of the mileage carried b y
each.
ratio of operating expenses and taxes to gross earnings
j forThe
this fiscal year is 64.85 per cent, as com pared with 6 6 .6 ?
i per cent in the previous year ana 60.42 per cent from the
! date of com m encem ent o f operations O ctober 1 1893.
The ratio of fixed charges (interest on bon ds, sinking fund
charges and rentals of leased lines) to total incom e available
for that purpose for this fiscal year is 55.52 per cen t, as com
pared with 38.05 per cent for the previous year and 45.79
per cent from the date o f organization of the C om pany to
June 30 1906.
The schedule on pages 18 and 19 show the In com e and Profit
and Loss A ccounts in detail. The schedule on page 26 show
ing the In com e A ccoun t reduced to the basis o f averages per
mile o f road operated, from the date o f organization to the
close of this fiscal year, will be fou n d o f interest in this con
nection.
GROSS E A R N IN G S .
The follow ing statem ent shows the Gross Earnings of the
fiscal year in com parison with the previous year:
------- Year ended June 30 -------1906.
F re ig h t E a rn in g s _______ $ 1,3 2 2 ,8 0 0
P assenger E a r n in g s ------142 ,48 6
M all E a r n in g s __________
10,770
E x p re ss E a r n in g s _____
8,0 3 8
M iscella n eou s E a rn in g s
3 8 ,6 4 4
40
45
06
76
63
G ross E a r n in g s ______$ 1 ,5 2 2 ,7 4 0 30
1905.
$ 93 7 ,1 3 4
136,829
10,666
5,1 3 3
4 0 ,1 0 0
50
96
16
75
37
$ 1 ,1 2 9 ,8 6 4 74
----------Increase---------
Am ount.
$38 5 ,6 6 5
5,6 5 6
103
2,905
*1 ,4 5 5
%
90
49
90
01
74
$ 3 9 2 ,8 7 5 56
41.15
4 .1 3
.97
56 59
*3t63
34.7 7
Nov. 3 1906.]
T H E C H R O N IC LE.
11J 7
at $74,205 91. The usual am ount o f ballasting, ditching
and repaiis of bridges, buildings, fences, e tc ., were d o n e .U
Compared with the previous year there was an increase
of 39.14 per cent in M aintenance of E quipm ent; b u t, on the
other hand, there was an increase of 64.66 per cent in the
num ber of tons of revenue freight carried one m ile. A pp ro
priate charges are made to M aintenance o f E quipm ent a c
count to cover estimated depreciation of locom otives and
cars, and the contra credits are carried to a “ Renewal R e
serve F un d ” accou nt to provide a fund for replacem ents of
• Decrease.
equipm ent when ultim ately retired from service. The ex
The above results pertaining to freight traffic reflect the pense of all repairs is charged currently direct to M aintenance
conditions as they actually existed for the tw o years under of Equipm ent. Owing to the fa ct that during this year
review , but in this connection there were tw o im portant g o v eleven new locom otives were received, none o f which have
erning factors which should be borne in m ind. In the first required general repairs, the average cost of repairs per lo co
place, the increase of 40.92 per cent in the mileage o f road m otive is somewhat less than during the previous fiscal year.
operated (Susquehanna & Southern D ivision) had a very
The follow ing statement , showing averages for the item s
m aterial bearing on the com parative results of the item s, mentioned during the last five years, will be found of interest
“ tons of revenue freight carried” and “ tons of revenue freight in connection with the su bject o f m aintenance o f prop erty.
carried one m ile” ; and, furtherm ore, the character of the
1906.
1905.
1904.
1903.
1902.
traffic originating on the new road to som e extent affected W a y a n d S tr u ctu re s , p e r m ile $966 34 $944 71 $919 39 $869 58 $645 03
L o c o m o t iv e s , e a c h ____________ 1,868 74 1,996 17 1,402 44 1,340 08 1,785 64
the other three stated items. In the second place, the labor P a ssen g er C a r s . ea ch . - ........... 388 71
463 49
290 06
290 29
309 10
69 38
59 46
45 18
49 63
45 62
troubles in the coal regions traversed b y our road resulted F re ig h t C ars, e a c h ____________
in a suspension of practically all coal and coke traffic and a
It has been shown th at, com pared with the previous fiscal
considerable reduction in merchandise freight for three year, gross earnings increased 34.77 per cent, num ber of tons
m onths of this fiscal year. Thus the freight earnings for the of revenue freight carried one mile increased 64.66 per cent
fiscal year 1906 do not reflect the true earning power of the and num ber of passengers carried one mile increased 4.63 per
property in that respect.
cent. As against the largely increased service thus indicated,
The follow ing table presents the more im portant statistical Conducting Transportation increased but 25.87 % , and this
inform ation with respect to the grow th o f freight traffic notwithstanding the fact that the cost of b oth labor and m ate
during the last six fiscal years; and in order to indicate what rial advanced to a considerable exten t. A m ong the elements
the results would have been during this fiscal year had it not that contributed to these favorable results were an increase
been for the coal strike, the actual results for the first nine of 16.55 per cent in the average num ber o f tons of freight
m onths, extended for the full year at the same rate, are also per car, an increase o f 44.30 per cent in the num ber of tons
shown.
of freight per train, and a material reduction in the mileage
--------- P e r M ile o f R oad Operated---------- of em pty cars in proportion to the traffic handled.
F reigh t
T on s
T on s C arried
General Expenses and Taxes absorbed 7.37 per cent of
E a rn in g s.
C arried .
One M ile .
Y e a r e n d e d J u n e 30 1 9 0 1 _________ $3,625 82
6 ,1 7 4
195,980 the gross earnings this year, as com pared with 8.98 p e rce n t
6,471
218 ,84 9
Y e a r e n d e d Ju n e 30 1 90 2 _________ 4,0 2 6 88
Y e a r e n d e d J u n e 30 1 9 0 3 _________ 4,781 37
7,762
252,229 in the previous year; or, stated in another w a y, the expenses
Y e a r e n d e d June 30 1 9 0 4 _________ 4 ,5 5 0 89
7,696
257,879 referred to constituted 11.36 per cent o f the total Operating
9 ,5 2 8
403,129 Expenses and Taxes this year, as com pared with 13.46 per
Y e a r e n d e d Ju n e 30 1 9 0 5 _________ 5,4 3 3 92
Y e a r e n d e d Ju n e 30 1 9 0 6 _________ 5,4 4 2 95
8.5 5 9
471,051
cent in the previous year.
Y e a r e n d e d Ju n e 30 1 90 6 , o n basis
ot N in e M on th s e n d e d M a rch 31 5 ,8 7 3 13
9 ,1 3 6
531,573
The several operations reveal a practical application of the
The trade conditions in lum ber and forest products con econom ic law of increasing returns, i. e ., as the volum e of
tinue favorable. A material increase in coal and coke ton business increases the proportionate cost o f handling de
creases; hence it was possible to reduce m aterially the ratio
nage during the com ing year is confidently anticipated.
The num ber of passengers carried increased from 285,106 of operating expenses and taxes to gross earnings, n otw ith
to 307,692, or 7.92 per cent. The num ber o f passengers standing a considerable reduction in freight rates.
carried one mile increased from 4,900,975 to 5,127,794, or
P H Y S IC A L C O N D IT IO N .
4.63 per cent. Passenger earnings per mile o f road decreased
from S793 40 to $586 29, or 26.10 per cent. Average earn
As at June 30 1906 there was 242.40 miles of main track
ings per passenger carried decreased from 47.993 cents to owned and leased, exclusive o f trackage rights. O f this total
46.308 cents, or 3.51 per cent. Average earnings per passen 6.62 miles, or 2.73 per cent, is laid with eigh ty-five-pou n d
ger per mile decreased from 2.792 cents to 2.779 cents, or rails; 192.95 miles, or 79.60 per cent, is laid with eighty.47 per cent.
pound rails; 8.07 m iles, or 3.33 per cent, is laid with seventyW hen the lines of the Buffalo & Susquehanna R ailw ay
pound rails; 13.64 miles, or 5.62 per cen t, is laid with sixtyand the Plum ville R ailroad are form ally opened for traffic, seven pound and sixty-five-poun d rails, and 21.12 m iles, or
through passenger train service will be established, and it is 8.72 per cent, is laid with sixty-p ou n d rails. The smaller
expected that a substantial increase in passenger earnings sizes will gradually be replaced with eighty-pound and eightjr
per mile of road operated wall follow .
five-pound rails. All sidings and spurs, as well as main
track, are laid with steel.
The road bed is well drained and ballasted with gravel and
O P E R A T IN G E X P E N S E S .
cinders. The track, bridges, station buildings, and other
The follow ing statem ent shows the Operating Expenses structures are generally in g ood repair, and no unusual ex
penditures for m aintenance are required or contem plated.
and Taxes in com parison w ith the previous year:
The old engine house and shop at Austin having been
------ Y ea r ended J u n e 30-------- ----------Increa se
1906.
burned, a new structure of a m ore substantial character is
A m ou n t.
1905.
%
$ 7 1 ,9 2 3 15 4 4 .1 4 being erected, and the facilities for light repair work will be
$16 2 ,9 2 6 14
M a ln t. o f W a y & S t r u c . $ 234,849 29
39.1 4
262,131 19
73,731 41
188,399 78
M a in te n a n ce o f Equlp.
25.8 7 increased.
3 7 8 ,32 6 65
C o n d u ctln g T ra n s p o r'n
77,7 63 00
3 0 0 ,56 3 65
6.82
76,2 20 42
4,8 6 5 03
71,3 55 39
G en eral E x p e n s e s ______
The equipm ent list on page 31 shows the equipm ent owned
31.5 6 and leased as at June 30 1906, com pared with the corres
Total O perating E x p ’s $ 95 1 ,5 2 7 55
$ 22 8 ,2 8 2 59
$ 7 2 3 ,2 4 4 96
20.0 0 ponding date of the previous year.
36,0 00 00
30,0 00 00
6,0 0 0 00
T a x e s ............................. _
It ■will be observed that
there has been a material increase in equipm ent, the cost of
Total O perating E x
$23 4 ,2 8 2 59
31.10 which is given in detail in the statement on page 24.
penses and T a x e s .. $ 98 7 ,5 2 7 55
$ 7 5 3 ,2 4 4 96
All
The mileage of revenue freight trains (including three- equipm ent owned and leased is, in general, in excellent con
fourths o f m ixed trains) increased from 434,467 to 495,786, dition and in use.
At the close of the fiscal year there had been ordered, for
or 14.11 per cent. The average distance that one ton of
revenue freight was carried increased from 42.31 miles to delivery in the course of the com ing year 1,000 pressed steel
55.04 m iles, or 30.09 per cent. The average num ber of coal cars and three consolidation locom otives.
tons of revenue freight carried per freight train mile increased
COAL P R O P E R T IE S .
from 160.02 tons to 230.91 ton s, or 44.30 per cent.
The plans that have been referred to at length in the last
The mileage of revenue passenger trains (including onefourth of m ixed trains) increased from 217,316 miles to 265,- four annual reports o f this Com pany with reference to the
235 miles, or 22.05 per cent. The average distance that each acquisition b y subsidiary com panies o f coal lands and the
passenger was carried decreased from 17.19 miles to 16 67 developm ent thereof, are nearing fulfillm ent. There is every
miles, or 3.03 per cent. The average num ber of passengers reason to suppose that these com panies will contribute a sub
carried per passenger train mile decreased from 23 to 19, stantial incom e, n ot on ly in freight revenue to the railroad
or 17.39 per cent.
lines but also in dividends on their capital stock arising from
Compared with the previous fiscal year, Maintenance of the profits accruing from the mining of coal and the produ c
W ay and Structures shows an increase of $21 63 per mile of tion o f coke.
During the fiscal year the Buffalo & Susquehanna Coal &
main track operated, or 2.29 per cent. This was due to
charging larger amounts to cover depreciation of rails, ties Coke Com pany has made satisfactory progress in the con
and bridges. Charges are made currently to operating ex struction of its new plants at Sagamore (Plum ville) and
penses to cover estim ated depreciation, and the contra cred Onondaga (B ig R u n ). These plants are nearing com pletion
its are carried to a “ Renewal Reserve F u n d ,” and when re and considerable coal is being shipped.
The Buffalo & Susquehanna Coal & Coke Com pany has
placem ents o f rails, ties and bridges are made the “ Renewal
Reserve F und” accou nt is charged with the cost. During funded a part of its floating indebtedness b y the issue of a
the fiscal year 61,468 cross-ties w'ere placed in track, the cost first m ortgage am ounting to $1,240,000. All of the capitali
of which was $30,315 05; and rails valued at $50,569 90 wTere zation and other obligations, aside from current bills, o f the
taken out o f track for which were substituted rails valued Buffalo & Susquehanna Coal & Coke C om pany, Buffalo &
The num ber of tons of revenue freight carried increased
from 1,643,252 to 2,080,056, or 26.58 per cent. Tons of
revenue freight carried one mile increased from 69,523,591
to 114,479,560, or 64.66 per cent. Freight earnings per mile
o f road increased from $5,433 92 to S5,442 95, or .17 per
cent. Average earnings per ton o f revenue freight carried
increased from 57.03 cents to 63.59 cents, or 11.50 per cent.
Average earnings per ton per mile o f revenue freight carried
decreased from 1.348 cents to 1.155 cents, or 14.32 per cent.
m s
T H E CH RO N ICLE.
[V O L . L X X X III.
Susquehanna Coal Mining C om pany, and Pow hatan Coal and
G EN ERAL REM ARK S.
Coke Com pany (except seven shares o f sto ck ), arc owned and
The
report
o
f
the
Com ptroller, presenting the usual detailed
held b y the Buffalo & Susquehanna R ailroad C om pany and
statem ents, accom panies and form s a part of this reoprt.
the Buffalo & Susquehanna R ailw ay C om pany.
F ollow ing the precedent of previous years, the book s and
A general strike o f the miners and other laborers through
out the bitum inous coal region was instituted at A pril 1st accou nts have been exam ined b y certified public accountants,
and continued until the close o f the fiscal year. The mining and their certificate is incorporated in this report, confirm ing
o f coal and m anufacturing o f cok e, as well as all con stru ction, the statem ents o f the Com ptroller.
The Board is pleased to renew' its acknow ledgm ent to the
were practically suspended for three m onths. This occa sion
ed considerable financial loss, as well as delayed the p rodu c officers and em ployees for their faithful and efficient service
and their loy a lty to the interests of the Com pany.
tion o f a m uch larger coal and coke tonnage.
B y order o f the Board.
F. H. G O O D Y E A R ,
N E W R A IL R O A D L IN E S IN P E N N S Y L V A N IA .
Construction of the lines o f road o f the Southwestern Du
Bois R ailroad Com pany and the Plum ville R ailroad Com pany
is practically com pleted, on ly som e ballasting, surfacing,
fencing, e tc., rem aining to be done.
These roads, form ing a continuous line, extend from the
village of Sagam ore, P a ., where extensive plants o f the Buff
alo & Susquehanna Coal and Coke C om pany are loca ted , in a
northeasterly direction, to a connection with the Buffalo
R ochester & Pittsburgh R ailw ay at Juneau, Pa. As stated in
the previous annual report, a trackage arrangement has been
entered into with the Buffalo R ochester & P ittsburgh R ailw ay
C om pany providin g for the jo in t use of the road o f that co m
pany betw een Juneau and Stanley, a distance o f abou t 16
m iles. B y this arrangement the traffic passing betw een
points on the line o f the Southwestern Du Bois R ailroad and
the Plum ville R ailroad, and the Buffalo & Susquehanna
R ailroad m ove in solid trains w ithout changes o f locom otives
or train crews. R egular train service has been m aintained
over this line for several m onths, b u t, ow ing to the labor
troubles throughout the coal regions, little tonnage was ship
ped over these new lines until after the close o f the fiscal year.
Since July 1st the volum e o f traffic has been fu lly equal to
expectations.
It is expected that the corporate merger o f the Plum ville
R ailroad Com pany and the Southwestern Du Bois R ailroad
C om pany with the Buffalo & Susquehanna R ailroad Com
pany will be effected at an early date.
BU FFALO & SUSQU EH AN N A R A IL W A Y .
The line of railroad o f the Buffalo & Susquehanna R ailw ay
C om pany betw een W ellsville, N. Y ., and the con nection with
the Lake Shore & M ichigan Southern R ailw ay at Blasdell
(abou t tw o miles south o f the term inal p rop erty o f this Com
pan y at Buffalo) is nearly com pleted, there remaining on ly a
fill of abou t 1,000 feet in length, near B oston , N. Y ., over
w hich the rails have n ot y et been laid. Ballasting, surfacing,
fen cin g, station buildings, e tc ., will be finished soon . The
construction o f the remaining tw o miles o f road and the build
ing o f the yards and structures on the Buffalo Term inal p rop
erty will require a little tim e, bu t meanwhile the traffic will
be handled from Blasdell over the tracks o f other roads.
A regular train service has been established betw een W ells
ville and Springville, and an irregular train service is m ain
tained betw een B oston and Blasdell. It is expected that the
line of railroad will be form ally opened throughout at an early
date, and that the lease o f the p roperty of the Buffalo & Sus
quehanna R ailroad C om pany to the Buffalo & Susquehanna
R ailw ay C om pany will be executed on or abou t January 1
1907. The prospects for a substantial traffic over the new
lines are very encouraging.
On page 34 will be fou n d the general balance sheet o f the
Buffalo & Susquehanna R ailw ay C om pany as of June 30,
1906.
TH E COM PLETED SYSTEM .
The directors desire to congratulate the security holders
upon the approaching com pletion o f their system , as origi
nally projected. The w ork, begun several years ago, of ex
tending the C om pany’s lines into the coal fields of Western
Pennsylvania at the south, and o f securing an independent
line to the harbor and the city of Buffalo at the north, has
been practically finished. In connection with the construc
tion o f these extensions, a great am ount o f coal, coke, and
other tonnage has been secured. In these undertakings
som ew hat larger outlays have been made than at first were
contem plated. A m ore substantial railroad has been con
structed, m ore equipm ent of the latest m odern types has been
supplied, m ore coal lands have been bou ght b y coal com pan
ies whose m ining plants and operations are located on the line
o f the C om pany’s railroad, and m ore developm ent w ork has
been undertaken. For these reasons the outlays have been
greater than were anticipated; bu t ultim ately, because o f the
im proved construction and the greater am ount of assured
traffic, the profits resulting to the stockholders should be
m ore satisfactory than if operations had been lim ited to a
smaller scale.
B ut while the plans originally form ed have thus been car
ried to a successful conclusion, im portant w ork still remains
to be done. The interests of the Com pany require the acqui
sition of still greater coal tonnage, the purchase of additional
equipm ent, and extensive re-locations o f line or revisions of
grades in P otter C ounty, Pennsylvania, betw een W harton
and Genesee.
Y ou r directors are now form ulating a plan to finance these
additional requirem ents. This plan wall be announced in due
course, and will be one w hich will com m end itself to you .
Chairman.
30 Broad Street. New York, September 7 1906.
To the Stockholders and Bondholders of the Buffalo & Susque
hanna Railroad Company.
W e have made an exam ination o f the books and accounts
of the Buffalo & Susquehanna R nilroad C om pany for the
fiscal year ended June 30, 1906, and hereby certify that the
Balance Sheet and In com e and Profit and Loss A ccounts p u b
lished herewith are in accordance w ith the book s; and we
have satisfied ourselves that th ey accurately set forth the
results of the y ea r’s operations and the financial condition
as on June 30, 1906.
P A T T E R S O N , T E E L E & D E N N IS ,
Certified Public Accountants.
C O M P A R A T I V E G E N E R A L B A L A N C E S H E E T A S O F J U N E 30 1906.
Com parison with
J u n e 30 1905.
Increase ( + )
Decrease (— ) .
A SSETS.
C ost o f R o a d a n d P r o p e r t y .§ 1 0 ,1 9 0 ,5 2 6 97
R o llin g -E q u ip m e n t________
1 ,8 9 7 ,7 9 6 45
A d v a n ce s t o L e a se d L in es
fo r I m p r o v e m e n t s _______
A d v a n ce s to P lu m v ille R R .
C o. a n d S outirw . D u B ois
R R . C o fo r c o n s tr u c tio n
S ecurities O w n e d o f O th er
C om p a n ies (p er s ch ed u le)
C o m m o n C ap ita l S to c k in
T re a s u ry (p er c o n t r a )___
F irst R e f. M tge . 4 % B on d s
, • issued a n d o n h a n d (p er
• co n tra ) _________________
F irst R e f. M tge. 4 % B on d s
issued a n d p le d g e d as c o l
la te ra l (p er c o n t r a ) ______
-----------------
+ 5 6 6 .9 2 7 85
§12 0 8 8 ,3 2 3 42
+ 1 ,0 6 9 ,0 2 0 24
2 5,6 93 87
+ 7,7 0 2 96
____________
6 9 5 ,00 0 00
+ 6 9 5 ,0 0 0 00
____________
4 ,4 0 8 ,1 4 7 37
+ 8 6 4 ,4 5 9 47
____________
1 ,0 3 7 ,5 0 0 00
________
§1 7 5 ,0 0 0 00
+ 146,000 00
153 ,00 0 00
S in k in g F u n d T ru ste e s, v iz .:
§1 9 ,0 0 0 00 p a r va lu e o f
F irst R e f. M tg e . B on d s
C o s t------------------------------Cash o n h a n d a n d In te re st
C o lle ctib le J u ly 1 1906
3 28 ,00 0 00
$ 1 8 ,85 4 08
+ 1 5 3 ,0 0 0 00
+ 6 ,8 5 4 08
4 1 ,1 0 9 67
5 9 ,9 6 3 75
+ 2 ,7 4 4 26
3 0 5 ,0 0 0 00
2 12 ,17 6 45
+ 3 0 5 ,0 0 0 00
+ 6 5,5 75 16
.§ 1 9 ,1 5 9 ,8 0 4 86
+ $ 3 ,3 8 2 ,2 8 4 02
§223,781
174,215
16,071
20,996
2,700
293,966
4,4 0 4
72,8 3 4
— §5 ,9 7 8
+ 8 0 ,742
+ 5,640
+ 2,170
+ 33
+ 5 1 ,408
— 20
+ 4 6 ,8 7 1
P ro c e e d s o f P re fe rre d S to c k s o ld U n e x p e n d e d F u n d s on h a n d . . .
F u e l, M aterials a n d S u p p lie s ____
Cash o n H a n d .
S
Cash in T r a n s it____ _________________
D u e fro m A g e n ts a n d C o n d u c t o r s .
t
s
U n e x p ire d In s u ra n c e .
O ther A c c r u e d A s s e ts .
Total W orking A ssets .
sAIA: .L 14,‘ i ’
84
00
66
07
64
21
04
43
10
50
48
64
61
92
50
25
§808 ,9 6 9 89
+ 8180,868 80
$ 1 9 ,9 6 8 ,7 7 4 75
+ § 3 ,5 6 3 ,1 5 2 82
L IA B IL IT IE S —
C ap ital S to c k , C o m m o n
O u t s t a n d in g ____________ § 4 ,4 5 6 ,9 0 0 00
C ap ital S to c k , C o m m o n , in
T re a s u ry (p er c o n t r a ) ___
1 ,0 3 7 ,5 0 0 00
§ 5 ,4 9 4 ,4 0 0 00
C apital S to c k , P re fe rre d ,
O u t s t a n d in g ------------------F irst R e f. M tge. 4 % B on d s
O u t s t a n d in g ____________ § 8 ,5 4 2 ,0 0 0 00
F irst R e f. M tge. 4 % B on d s
!n T re a s u ry (p er co n tra )
328 ,00 0 00
4 ,0 0 0 ,0 0 0 00
+ 2 ,0 3 8 ,0 0 0 00
8 ,8 7 0 ,0 0 0 00
F irst M tge . 5 % B o n d s O u ts ta n d in g .
+ 299,000 00
1 80,500 00
— 35,500 00
.§ 1 8 ,5 4 4 ,9 0 0 00
+ 5 3 ,3 0 1 ,5 0 0 00
§9 1 ,0 6 9 36
— §8 ,8 8 9 36
174,215 00
165.108 61
+ 78,702 50
+ 29,408 89
U n p a id P a y R o lls ______________________
C o u p o n In terest U n p a id (In clu d in g th a t
due J u ly 1 s t )-------------------------------------------D u e o th e r R o a d s , C o 's a n d In d iv id u a ls .
D iv id e n d s U n p a id (in clu d in g th a t due
J u ly 1 s t )----------------------------------------------A c c r u e d In terest o n F u n d e d D e b t ____
A ccru e d S in k in g F u n d --------------------------A c c r u e d T a x e s __________________________
S p e cia l R e se rv e F u n d s --------------------------O th er A c c r u e d L ia b ilitie s _____________
55,711
2,250
3,073
50,995
23,311
10,746
Total W orking L ia b ilitie s ____________
25
00
94
32
92
24
§576,481 64
d
■ Total Reserve for D epreciation -------------------
+ § 1 ,0 0 0 .0 0 0 00
+ 11,726
— 443
+ 1,704
+ 2 1 ,9§2
+ 7,461
+ 4,271
25
75
62
06
26
47
+ § 1 4 5 ,86S 94
§2 0 0 ,4 9 0 27
+ §101 .7 9 8 92
+ 127.1S6 79
175.908 96 •
S376.399 23
+ 8228,985 71
S urplus b ro u g h t fo rw a rd
fro m p re v io u s y e a r ------------ $5S4.195 71
N et P rofits fo r y e a r e n d e d
June 30 1 9 0 6 ______________ 2 3 9 ,64 3 17
i
'•!
•-
r-------------- -
- ^
•
§ 8 23 ,83 8 88
L ess: D iv id e n d s d e cla re d
d u rin g th e y e a r _____________ 352 ,84 5 00
§470,993 88
— §113,201 83
§ 1 9 ,9 6 8 ,7 7 4 75
+ $3,563,152 82
1119
T H E C H R O N IC L E
N o v :i 1906.
NATIONAL RAILROAD COMPANY OF MEXICO.
FIFTH REPORT—FOR THE SIX MONTHS ENDING JUNE 30 1900
Mexico Office:
Paseo de la Reforma.
New \ork Office:
No. 00 Wall Street.
S ep tem b er 24 1900.
T o the S tockh old ers:
la the las. annua! n port your Directors explained at length
their reasons for mak ng a change in the fiscal year of yo r
Company: owing to )h s change, the Board of Di recto*s s bmits its report ot the opeuiuons of your property for the halfyear ending June 30 1900.
RESULTS OF OPERATION.
The following condensed statement, of Income Account
shows tin Yi suits for the s x months:
X arrow Gauge—
T a b u ca Jun ction to San Juan J u n ctio n ,
___
A oam baro to Uruapan
M lchoacan & P acific (leased lin e )..........
T ota l narrow g a u g e ........................ ........................
T ota l main line and branches-
$429,793 02
A nd
D ividen d on preferred stock , one per cent ( 1 % ) , p ayable
A ugust 10 1906_______________________________________________
288,329 25
• B alance, carried to profit and loss a cco u n t-------------------------
$141,463 77
MILEAGE.
By the sale of the Brownsville & Gulf Railway the mileage
of your Main Line and Branches has been reduced by 1.5/8
kilometers, equal to 0.9"0 miles.
Changes in s'dings and yards have resulted in a decrease
under tins heading of 0.276 kilometers, equal to 0.171 mile s.
Actual mileage in operation at June 30 1908 was as follow s:
; M A IN L IN E A N D B R A N C H E S .
t3Standard Gauge—
K ilom eters.
•Colonia to centre o f R io Grande B rid g e. 1 .290.613
4.973
Santiago to T a bu ca J u n ction ---------------5.060
Cintura Line, Santiago to San L a z a r o ..
0.054
-Connection at G onzalez J u n ction -------5.061
G onzalez to San Juan J u n ction -----------80.322
San Juan Junction to Jaral del V a lle—
Matehuala B ranch, including P otrero
64.908
Branch __ ____________________
59.728
La Paz B ran ch --------------------------------------M atam oras B ra n ch ------------------------------- 329.527
260.475
T e x a s M exican R a ilw a y -----------------------
M iles.
801.955
3.090
3.144
0.033
3.145
49.910
40.332
37.113
204.760
161.853
T o ta l standard ga u ge------------------------------------- 2,100.721
,729 ,806
166.043
30.846
T otal sidings and yards
316.860
196 889
Grand to t a l____________
3,100.697
,926. 695
The average length o f line operated during the
half-year w a s ______ __________________ _______ 2,784.504
Vs against same period in 1905___________________ 2,727.302
730, 220
69 1 . 6 76
57.202
M A IN L IN E A N D B R A N C H E S .
70-lb.
60-lb.
56-lb.
55-lb.
50-lb.
45-lb.
40-lb.
K ilom eters.
M iles.
-.1 ,3 7 5 .4 0 9
854.682
3.999
2.485
67.386
41.872
80.471
50.003
2.656
1.650
757.326
470.583
. - 496.530
308.531
■2,783.837
1 ,729.806
rail
rail
rail
rail
rail
rail
rail
S ID IN G S A N D Y A R D S .
70-lb.
60-lb.
56-lb,
55-li).
50-lb.
45-lb.
; 40-lb.
I 30-lb.
rail.
rail.
rail.
rail
ra il.
rail
rail
rail
47.081
.381
1.10 1
18.168
8 .110
99.130
127.948
14.881
29.255
.237
.721
11.289
5.039
61.597
79.504
9.247
3 1 6 .8 6 0 - 196.889
T o ta L _ _ ______________________________________ 3,100.697
1,926.695
EARNINGS AND EXPENSES.
As compared with the corresponding period of 1905.
M exica n
Silver.
T h e gross earnings o f you r com p a n y have Increased_________ $1,283,579 61
341,395 12
Operating expenses have increased____________________________
N et earnings have increased______________________________
1,305.335
35.544
-or 2 . 1 %:
99 |
1,230,061 20
424. 471
The following table shews the weights of the rails in the
main line, branches and sidings at June oO L90J:
W h ich , reduced to g old at 50 cents for the silver dollar, g iv e s . .$ 1 ,4 6 5 ,1 0 6 69
To which add—
Interest and dividends on bonds and stocks o w n e d ----------------167.860 49
O ther receip ts------ ------------------------------------------------------------- -------26,S87 04
$ 1 0 , 236 97
1,168 .268 67
51 ,555 56
267.219
49.641
A net increase of
United Stales
Currency.
l nterest on bonds and notes
O th er charges _ ---------------
083,1 16
....................,2 ,7 8 3 ,8 3 7
On main line, including M exico City
term in a ls_____________________________
On branch lin e s ____ ___ ______________
L eavin g net earnings o f ------------------------------------------------------- .$ 2 ,9 3 0 ,2 1 3 37
$ 1 ,659,854
224.589
142.965
56.917
S ID IN G S A N D Y A R D S .
M exica n
C urrency.
T h e gross earnings from all sources w e re ......... _______________ $7,393,925 28
_______________ 4,463,711 91
T h e to ta l expenses o f op eration w ere----------
From which deduct—
361.438
230.079
91.599
$942,184 49
The following statement shows the growth of commercial
traffic on your property since its organization in 1902:
1902.
1904.
1903.
January to
June 1906.
1905.
M exican Silver M exica n Silver M exica n Silver M exica n Silver M exica n Silver
$6,278,767 31 $7,630,731 10 $8,082,795 40 $9,202,623 30 $5,509.79 2 19
783,399 36
1,082,808 64
83,186 81
444.637 98
20,375 52
I ,517,442 12
1,641,019 45
2 070,760 79
2,386,706 52
1,358,844 43
19,079 54
19,982 07
24,790 60
27,893 31
13,909 17
493,300 46
599,676 62
453,358 17
666,425 32
369,106 18
16,304 89
17,467 75
14.035 46
14,014 93
6,798 86
12,564 62
15,864 87
13,688 78
1 1,260 34
4,926 62
180,780 74
318,861 87
444,007 40
363.612 42
110,172 31
Earnings—
F reight, o rd in a ry ____
Freight, con stru ction
P a ssen g er____________
B aggage _____________
E x p r e s s .----- -------------Mall _________________
M elegra p h ___________
M iscellaneous ______
$9,262,859 61 $11,344,018 88 $11,569,247 50 $12,755,722 95
T o ta l earnings.
T h e am ounts expen ded in its operation during the sam e period have been:
E xpenses—
M aintenance o f w ay and structures — ............ .. —
--------------M aintenance o f eq u ip m en t_______________________________________ * ------- -------C on du ctin g tran sp ortation ___________________________________________________
G e n e r a l.. _____ _____________ ______________________ _______________________
T ota l exp en ses----------------------- ---------- ------------------------------------ ----------L eaving net earnings o f ----------------------- --------------- -----------------------------------------
$723,088
946,528
3,975,686
403,380
$930,787
1,157.096
5,054,368
492,336
22
80
70
35
89
38
64
13
$962,732.
1,198,844
5,015,025
528,068
60
81
68
43
$1,318,203
1,544,403
4,877.606
544.442
48
23
18
44
$7,393,925 28
$757,928
800,162
2,561,392
344.228
60
23
88
20
$6,048,684 07
$7,634,589 04
$7,704,671 52
$8,284,655 33
$4,463,711 91
$3,214,175 54
$3,709,429 84
$3,864,575 98
$4,471,067 62
$2,930,213 37
G R O SS E A R N IN G S .
The percentages of these various sources of revenue to the
The increase in the gross earnings this half-year as com total gross earnings during the half-years 1905 and 1906 were:
pared with same period 1905 was 21.01 per cent.
1905
1906.
The amount credited to Construction Earnings January to 72.72
% ---------- --------- ----- C om m ercial freigh t_______________________ 7 4 .5 2 %
0.78 % ------------------------- C onstruction freigh t____ ______ ___________
0 .2 7 %
June 1906 for the handling of material used in additions, 18.90
P a s s e n g e r______ _______ __________________ 18.38 y0
betterments and improvemenls was $20,375 52, whereas 0.22
B aggage____________
0 .1 9 %
5.23
E x p r e s s ___________________________________
4 .9 9 %
during same period in 1905 same amounted to $47,972 85.
Mall (U nited S ta te s )____ ________
0 .0 9 %
Eliminating Construction Earnings, the increase in the 0.09
T e le g r a p h ________
0 .0 7 %
M is c e lla n e o u s ................................
1 .49 %
gross earnings for the half-year was $1,311,176 94 Mexican 1.95
Silver, or 21.63 per cent.
As compared with same period previous year:
A comparison of the commercial freight tonnage moved
Freight earnings from com m ercial sources in
for the half-years 1905 and 1906 results as follows:
creased . _ ______________ _____ _____ _______
51,066,637 08 or 24.01 %
0.11
100.0 0 %
Passenger earnings Inereased
_ ________ __
Baggage earnings increased . . _
..........
E xpress earnings Increased
- . __________
.
While
C on struction earnings d ec. $27,597 33
Mai! earnings d ecreased. .
223 03
T elegraph earnings d e c . __
810 33
M iscellaneous earnings d e c .
8.735 97
-----------------
203,788 89 or 17.64%
708 75 or 5 .3 7 %
4 9 , 8 1 1 55 or 15.60%
51 320,946 27
or 57.53?,',
or 3 .1 8 vr,
or 1.41";,
or 7 .3 5 %
Net Increase______________________________ - - - - -
1906.
1* • !)%
'" •
$1,283,579 61 or 2 1.0 1%
products
\urir iMural product
.
1906.
14.87%
20.56?
2.56%
----------- — Live stock and animal products .
____
2.84%
4 4 . 0 3 % . _ ....................... MliYeral products.......................... ................ 19.07%
12.58% ...-—
1 0 0 .0 0 %
37.366 66
Forest
General merchandise
12 1
1 0 0 .0 0 %
During the six months under review the eavrrngs of your
company have exceeded those cf any previous s x months in
its history. The fact that the same condition has obtained
on nearly every railroad in the Republic serves to illustrate
1120
T H E C H R O N IC L E .
the g rad u al and s te a d y g ro w th o f th e b u sin ess o f the c o u n t r y ,
o f w h ich y o u r p r o p e r ty has rece iv e d a fair p r o p o r tio n .
In th eir last r e p o rt y o u r D ire cto rs ca lled a tte n tio n to the
n ew sm elter pla n ts u nder co n s tru ctio n at S a ltillo , M ateh u ala
and L as T r o je s , an d ex p ressed th e b e lie f th a t th ere w o u ld be
an in crease in the d e v e lo p m e n t o f this class o f tr a ffic on y o u r
lin es. T h e resu lt o f th e p a st six m o n th s has in this resp ect
p ro v e n v e ry s a tis fa c to r y , as d u rin g th a t p e rio d th e sm elters
a t M ateh u ala an d L as T r o je s h a ve been p la ce d in o p era tion
an d y o u r tra ffic from th is sou rce sh ow s a v e ry g ra tify in g
in crease; m ineral p r o d u c ts fo r the six m o n th s b e in g 49 p er
ce n t o f the to ta l ton n a g e ca rrie d , again st 44 per ce n t fo r the
co rre sp o n d in g p e rio d last y ea r.
T h e m a rk ed increase in e x p o r t tr a ffic is o f m ore th a n o r d i
n a ry im p o rta n c e to y o u r c o m p a n y , in th a t it en a b les the
lo a d in g o f cars, n o r th -b o u n d , th a t w o u ld oth erw ise b e m o v e d
e m p ty .
I m p o r t tra ffic d u rin g th e six m o n th s ,w h ile sh ow in g in
creases in n ea rly all c o m m o d itie s , w as u n u su ally h e a v y du rin g
th e last m o n th , ow in g to the im p o r ta tio n o f w h e a t, full
d u tie b ein g restored e ffe ctiv e J u ly 1st.
T h local tra v e l is resp on sib le fo r th e grea ter p o r tio n o f
th e i crease in passen ger earn in gs, a sm all in crease in th e
th rou g h tra v el b e tw e e n M e x ico an d th e U n ited S ta tes b ein g
n o te d .
T h e exp ress bu sin ess sh ow s a s a tis fa c to r y in crea se.
O P E R A T IN G
EXPENSES.
Y o u r p ro p e r ty has b een w ell m a in ta in e d ; all n ecessa ry and
cu rren t repairs a n d ren ew als h a v e b e e n m a d e , a n d it m a y be
sta ted th a t, as a w h o le , it is in fa ir c o n d itio n .
T h e cost o f o p e ra tin g th e p r o p e r ty sh ow s a decrease in p e r
cen ta g e as co m p a re d w ith th e sam e p e rio d p re v io u s y e a r.
T h e co m p a r a tiv e p e rce n ta g e s o f th e su b -a c c o u n ts are as
fo llo w s:
1905.
1 5 . 7 7 % _ ______ ___ _____ M a in t e n a n c e o f w a y a n d s tr u c t u r e s __ . . .
1 7 . 0 4 % _______ - _____M a in t e n a n c e o f e q u i p m e n t _____________ . . .
C o n d u c t in g t r a n s p o r t a t i o n ____ ________
6 0 . 4 8 % _________ -_ _
6 .7 1 %
____ ______ -G e n e r a l e x p e n s e s .
_ _________
1 0 0 .0 0 %
1906.
1 6 .9 8 %
1 7 .9 3 %
5 7 .3 8 %
7 .7 1 %
E x p re ss e d in m iles th e figures sh ow as fo llo w s:
P e r C l.
1905.
1906.
of In c.
M e x i c a n S ilv e r .
M e x i c a n S ilv e r .o r D e c .i
1 ,8 7 5 ,9 0 4
M iles run b y revenue tra in s______
1 ,8 6 2 ,0 2 3
— 0 .7 4
$3 2 5 7 3
Gross earnings per revenue train
m i l e _______________________________
$3 9709
+ 2 1 .9 1
2 1975
O perating expenses per revenue
train m i l e ________________________
2 3972
+ 9 .0 9
1 059 8
N e t earnings per revenue train
m i l e _______________________________
1 5737
+ 4 8 .4 9
3 ,0 0 5 00
Gross earnings per m ile of road
o p e r a te d __________________________
4 ,2 7 3 40
+ 1 8 .5 2
2 ,4 3 2 50
O perating expenses per m ile of
road o p erated ____________________
2 ,5 7 9 85
+ 6 .0 6
1 ,1 7 3 10
N e t earnings per m ile of road
o p e r a te d __________________________
1 ,0 9 3 55
+ 4 4 .3 7
4 90803
A ve rage am ou n t received for each
ton of freig h t____________________
5 38186
+ 9 .6 5
02819
A ve rage receipts per ton per m ile .
02959
+ 4 .9 7
1 52475
A ve rage am ou n t received from
each passenger___________________
1 54961
+ 1 .6 3
02900
A v e ra g e receipts per passenger
per m ile ___________________________
03136
+ 8 .1 6
C H A N G E S IN F U N D E D D E B T .
P R IO R L IE N 4 H
P E R CEN T GOLD BONDS.
D u rin g th e h a lf-y e a r a d d itio n a l P rior L ien B on d s to th e
a m o u n t o f $ 3 ,0 0 0 ,0 0 0 p a r v a lu e w ere issu ed , p ro ce e d s to b e
u sed in th e p u rch a se o f th e en tire C apital S to ck o f the H id a lg o
& N orth ea stern R a ilr o a d C o m p a n y , L im ite d .
C H AN G E OF G A U G E.
D u rin g th e h a lf-y e a r “ C ost o f P r o p e r t y ” has b een cre d ite d
w ith $ 1 4 0 ,7 5 8 04 g o ld , b e in g a m o u n t realized fro m sale o f
sa lv a g e.
A n effort w ill b e m a d e to d isp ose o f the b a la n ce
o f this o ld m a teria l d u rin g th e c o m in g y ea r.
A D D I T I O N S , B E T T E R M E N T S A N D IM P R O V E M E N T S .
A t D e ce m b e r 31 1905 y o u h ad e x p e n d e d an d w ere ca rryin g
o n th e b o o k s the su m o f $ 8 9 7 ,5 8 5 85 M ex ica n silver fo r a d d i
tio n s, b e tte rm e n ts a n d im p r o v e m e n ts.
D u rin g the h a lf-y e a r o f 1906 a d d itio n a l m o n e y s wrere e x
p e n d e d in th e c o m p le tio n o f certa in o f th e item s unfinished
a t th e close o f 1905 and o n sim ilar n ew w ork .
T h e e x p e n d itu re o n this a c c o u n t d u rin g th e h a lf-y e a r w as
as fo llo w s:
1 0 0 .0 0 %
T h e p ercen ta g es to gross earn in gs b e in g :
1905.
1 0 .6 4 %
1 1 .4 9 %
4 0 .8 0 %
4 .5 2 %
[Y ol. Lxxxm.
_________
- - M a in t e n a n c e o f w a v a n d s t r u c t u r e s ___ - - .
_ .
___ _____ M a in t e n a n c e o f e q u i p m e n t _____________
. _________C o n d u c t in g t r a n s p o r t a t i o n _____________
_______ - _
- G e n e r a l e x p e n s e s ________________
_____
6 7 .4 5 %
1906.
1 0 .2 5 %
1 0 .8 2 %
3 4 .6 4 %
4 .6 6 %
6 0 .3 7 %
T h e ch arg e to m a in ten a n ce o f w a y a n d stru ctu re s in 1908
w as $ 7 57,928 60 M ex ica n silver; d u rin g sam e p e rio d 1905,
$ 6 5 0 ,2 3 9 84.
T h e p rin cip a l item s m a k in g u p th e in crea se in th e m a in
ten a n ce o f w a y ex p en ses w ere:
R enew als of r a ils _______ _______________________________________________ $ 6 1 ,0 9 1 45
R enew als of tie s_________________________________________________________
4 0 ,2 6 8 19
3 ,1 0 2 27
R enew als of bridges and c u lv e r t s ___________________________________
$ 1 0 4 ,4 6 1 91
T h e ch arg e to m a in te n a n ce o f e q u ip m e n t in 1906 w as
$ 8 0 0 ,1 6 2 23 M ex ica n silver; d u rin g sam e p e rio d 1905 $ 7 0 2 ,342 49.
T h e p rin cip a l item s m a k in g u p th e in crea se in th e m a in
ten a n ce o f e q u ip m e n t e x p en ses w ere:
R epairs and renewals of lo c o m o t iv e s _______________________________ $ 3 4 ,6 2 7 44
R epairs and renewals of freight cars-------------------------------------------------4 8 ,8 6 9 03
R epairs and renew als of shop m achinery an d to o ls ______________
5 ,5 7 8 03
$ 8 9 ,0 7 4 50
C O M P A R A T IV E S T A T E M E N T O F O P E R A T IO N S .
T h e sta tem en ts o f a c c o u n ts p rep a red b y th e C o m p tro lle r,
an d in clu d ed in th is r e p o r t, sh ow in d eta il th e resu lts fo r the
h a lf-y e a r as w ell as the finan cial c o n d itio n o f th e p r o p e rt 3+
T h e b o o k s an d a cco u n ts h a v e been a u d ite d b y M essrs.
P rice , W a terh ou se & Co. o f L o n d o n an d N ew Y o r k , w hose
certifica te as to th e correctn ess th e re o f is a p p e n d e d to the
B a la n ce S h eet.
T h e results fo r th e h a lf-y e a r a s 'c o m p a r e d w ith sam e p e r io d
1905 are as fo llo w s :
P e r C l.
of In c. +
o r D e c .—
M e x i c a n S ilv e r .
M e x ic a n S ilv e r .
$ 6 ,1 1 0 ,3 4 5 67
$ 7 ,3 9 3 ,9 2 5 28
Gross earn ings_______ _________ 4 ,1 2 2 ,3 1 6 79
4 ,4 6 3 ,7 1 1 91
O perating e x p e n s e s .. ____________
1905.
1906.
$ 1 ,9 8 8 ,0 2 8 88
N e t earnings_______ __ _____ _____
$ 2 ,9 3 0 ,2 1 3 37
(which reduced to gold at th e -)
.4 9 3 6 7 i average price of the M exican dol- }
.5 0
liar for th e six m o n th s, v iz .:
J
gold _
------- g i v e s -,
-- g o l d
$ 9 8 2 ,0 2 6 63
$ 1 ,4 6 5 ,1 0 6 69
Operating percentage ____________
6 7 .4 5
6 0 .3 7
3 ,0 1 8 .9 5 6
K ilom eters run b y revenue trains
2 ,9 9 6 ,6 1 7
$2 024 0
Gross earnings per revenue train
kilom eter __
___
______
$2 4 6 7 4
O perating expenses per revenue
1 3655
train kilom eter____
1 4896
N e t earnings per revenue train
0 6585
k ilo m e t e r __________
. _____
0 9778
Gross earnings per kilom eter of
2 ,2 4 0 44
road operated
_
____
2 ,6 5 5 39
O
perating expenses per kilom eter
1 ,5 1 1 50
of road o p e rated . ______ __ _
1 ,6 0 3 06
N e t earnings per kilom eter of
728 94
------road op e rate d 1 ,0 5 2 33
A ve rage am ou n t received for each
4 90803
ton of freight .
—
..
5 38186
A ve rage receipts per ton per kilo
0 1752
m eter---------------------.
01839
A ve rage am ou n t received from
1 5 2475
each p a s s e n g e r -----------------1 54961
A ve rage receipts per passenger
0 1802
per k ilo m e t e r _________ ________ _
01949
+ 4 9 .1 9
— 7 .0 8
— 0 .7 4
+ 2 1 .9 1
+ 9 .0 9
+ 4 8 .4 9
+ 1 8 .5 2
+ 6 .0 6
+ 4 4 .3 7
+ 9 .6 5
+ 4 .9 7
+ 1 .6 3
+ 8 .1 6
B a lla s t _________________________________________________________________
Bridges, trestles and cu lve rts______________________________________
Changes in lin e_______________________________________________________
Change of ga u ge, L a P a z b ran ch __________________________________
Change of ga u ge, M atam oras d ivision ____________________________
E x te n sio n , Cintura lin e_____________________________________________
S tation buildings and fixtu res______________________________________
Section houses_________________________________________________________
S h op s, round-houses and tu r n -ta b le s______________________________
Side and passing tra ck s___________
Telegraph lines ______________________________________________________
W a te r sta tio n s________________________________________________________
T o t a l___________________________________________ __________________
F rom the foregoing it w ill be noted th a t the balance in this
account at D ecem ber 31 1905 w a s ______________________________
E xp en d ed during the h a lf-y e a r---------------------------------------------------------
E xpen d ed
J a n u a r y to
J u n e 1906.
$ 2 7 8 ,8 0 0 34
2 8 ,5 6 4 21
2 ,7 2 3 35
3 ,4 9 8 28
6 ,6 0 3 47
1 ,0 0 7 80
6 4 ,7 4 8 26
5 ,8 6 4 88
1 9 ,5 4 1 41
8 ,0 2 9 38
5 ,3 0 9 80
l 00
$ 4 2 4 ,6 9 2 18
M e x ic a n
C u rren cy.
$ 8 9 7 ,5 8 5 85
4 2 4 ,6 9 2 18
v
5 1 ,3 2 2 ,2 7 8 03
R eceived during the h a lf-y ear from M atam oras S u b sid y _______
6 9 6 ,8 9 9 60
B alance at June 30 19 0 6 (see balance sh e e t)___________________
F or details see T ab le N o . 4 (p a m p h le t rep ort.)
$ 6 2 5 ,3 7 8 43
Y o u r C o m p a n y can b e re im b u rsed fo r th is ex p e n d itu re
in C on solid a ted M ortg a g e F o u r P er C ent G old B on d s w h ich
m a y b e issued u n d er A r tic le I , S e ctio n 2, p a ra g ra p h s B and C
o f the m ortga g e d a te d M arch 15 1902 to th e C entral T ru st
C o m p a n y o f N ew Y o r k .
S a tisfa cto ry p rogress has b e e n m a d e in th e b a lla stin g o f
th e m ain lin e, and in O cto b e r 1906 th is w o rk w ill b e c o m
p le te d o n th a t p o r tio n o f y o u r line b e tw e e n M ex ico an d
G on za lez.
T h e fo llo w in g ta b le in d ica te s th e w o rk d on e to June 30th
1906:
K ilo
m eters.
S o u t h e r n D i v is i o n , b a lla s t e d w i t h b r o k e n s t o n e ______________ 2 6 7 .0 7 5
S a n L u is D i v is i o n , b a lla s t e d w i t h b r o k e n s t o n e ______________ 3 6 .3 1 3
S a n L u is D iv is io n , b a lla s t e d w it h g r a v e l ______________________ 5 7 .5 0 0
N o r t h e r n D iv is io n , b a lla s t e d w i t h g r a v e l _____________________ 1 5 .4 2 5
T o t a l---------------------- ---------- --------------------------------------------------------3 7 6 .3 1 3
M ile s .
1 6 5 .9 5 4
2 2 .5 6 4
3 5 .7 2 8
9 .5 8 5
2 3 3 .8 3 1
N E W L IN E S .
In A p ril 1906 y o u r co m p a n y p u rch a sed th e en tire ca p ita l
sto ck o f th e H id a lg o & N ortheastern R a ilro a d C o m p a n y ,
L im ited ; th at is, s 'x ty -th r e e th ou sa n d shares o f the par valu e
o f one h un d red M exica n dollars e a ch . T h e a ctu a l cost o f
the sto ck a cq u ire d w as $ 6 ,3 0 0 ,0 0 0 M exica n d olla rs, equ al
to $ 3 ,1 5 0 ,0 0 0 U n ited S tates cu rrre n cy .
E xp en ses co n n e c te d w ith th e tran sfer fro m N ew Y o r k to
C ity o f M exico o f the pu rch ase m o n e y a m o u n te d to $ 3 3 ,159' 26 U n ited S tates cu rre n cy , th u s m ak in g th e to ta l co st
to y o u r c o m p a n y $ 3 ,1 8 3 ,1 5 9 26 U n ited S tates cu rre n cy
(See E x h ib it “ B ” B on d s an d S to ck s ow n ed in p a m p h le t
re p o rt.)
T he H id a lg o & N ortheastern R a ilro a d is a n a rrow -g a u g e
line one h u n d red and fifty -t w o and tw o h u n d red an d th ir ty five th ou sa n d th s (152 .2 3 5 ) m iles in len g th , ex te n d in g fro m
M exico C ity to B eristain , w ith b ra n ch es ex ten d in g from San
A gu stin to I r o lo , T e p a to P a ch u ca an d V e n to q u ip o to T o r tu ga s, in the States o f M e x ico , H id a lg o and P u eb la , R e p u b lic
o f M ex ico. T he pu rchase p rice in clu d ed all lo c o m o tiv e s an d
cars, b u ild in gs, m a ch in e ry , to o ls , fix tu res, m aterials an d
su p p lies, the w h ole to be d elivered free o f en cu m b ra n ces.
In the last rep ort m en tion w as m ade o f the co lle ctio n on
J an u ary 17 1906 o f $ 1 ,8 0 0 ,0 0 0 M exica n silver on a c c o u n t o f
3 1906. J
Noy.
THE
im
C H R O N IC L E .
S T A T E M E N T S O F E Q U IP M E N T .
subvention granted by the Federal Government for the con
struction of the Matamoros Extension and the change of
Your attention is invited to the statements showing the
gauge Matamoros Division. This amount was held subject various classes of locomotives and cars on hand at June 30
to the orders of the Trustee of the Consolidated Mortgage; 1906.
said Trustee released the amount to your company in June
S A L E O F P R IO R L IE N F O U R A N D O N E -H A L F % G O L D B O N D S .
190d, and it is accounted for as follows:
M e x ic a n
$3,000,000 par value of these bonds were sold in May 1906,
C u rren cu .
and the proceeds applied to the purchase of the Capital Stock
A m o u n t received from Federal G o v ern m en t------------------------------- 5 1 .8 0 0 ,0 0 0 00
Interest accrued w hile held b y tru stee, less cost of sta m p s ____
125.300 47
of the Hidalgo & Northeastern Railroad Company.
5 1 .8 2 5 ,3 6 0 47
M e x ic a n
C u rren cu .
M atam oras E xte n sio n , cost to D ec. 31 1 9 0 5 ------- 5 3 .2 0 2 ,9 0 5 9S
E xp en d ed Jan. 1 to March 31 1 9 0 6 ________________
504 89
L IS T IN G
BONDS.
The bonds now listed are:
Prior lien m o r t g a g e ................................ ........................................ ...................5 2 3 ,0 0 0 ,0 0 0
F irst consolidated m o rtg a g e ______ ______________________ ______________ 2 4 ,4 9 6 ,0 0 0
5 3 ,2 0 3 ,4 1 0 87
Less proceeds sale of consolidated bonds (5 1 ,3 0 5 ,0 0 0 U nited States currency par v a lu e )___ 2 .0 7 4 ,9 5 0 00
DIVIDEND.
By referring to the Income Account, Table No. 2, you will
A pplied to M atam oras e x te n sio n __________________________________ 5 1 ,1 2 8 ,4 6 0 87
note provision has been made for the payment of a dividend
6 9 6 ,S99 60
A p p lied to A ddition s and B etterm en ts (see T a b le 4 ) ---------------of 1 per cent (equal to $288,329 25 United States currency)
5 1 ,8 2 5 ,3 6 0 47
on the outstanding Preferred Stock of your Company. This
IN GENERAL.
dividend was declared by your Directors in July, amount
EM PLOYEES.
payable August 10 1906
By order of the Board.
At June 30 1006 there were 9,75S employees in your serv
E. N, BROWN,
ice. Of these, 9,095— or 93.21 per cent—were natives, and
President.
the balance, 663—or 6.79 per cent—of other nationalities.
MEXICAN INTERNATIONAL RAILROAD COMPANY.
SEMI-ANNUAL REPORT— FOR THE HALF-YEAR ENDING JUNE 30 1906.
As will be noted, the income for the half-year, after deduct
New York, September 28 1906.
In the last annual report your Directors explained then- ing the working expenses and taxes, amounted to $S29,reasons for making a change in the fiscal year of your Com 234 27 United States currency. Adding thereto the interest
pany; owing to this change, the Board of Directors submits collected on open accounts of $16,019 88, gives a total net
its report of the operations of your property for the half-year revenue of $845,254 15 United States currency as compared
ending June 30 1906:
with $618,758 85 in the same period of 1905. The interest
on the funded debt remains the same, viz., $275,755. There
I .— MILES OF ROAD OWNED AND LEASED.
was, therefore, an excess from income account during the six
Through the lease of the Coahuila Coal Railway the mileage months of $569,499 15 United States currency over the semi
of your main line and branches has been increased by 38.68 annual fixed charges.
kilometers, or 24.04 miles, and the mileage of sidings by 8.16
Your attention is invited to Tables Nos. 8 and 10 for de
kilometers, or 5.07 miles. During the half-year branches tails
of the passenger and freight traffic. The commercial
have been increased by 6.01 kilometers, or 3.73 miles, and tonnage handled during the half-year increased 127,308 tons,
additional sidings to the extent of 5.70 kilometers, or 3.54 or 21.72 per cent.
miles, were added.
The average number of kilometers each ton of commercial
Actual mileage in operation at June 30' 1906 was as freight
was hauled increased 33.69 per cent. As indicated
follows:
in Table No. 10, every important commodity shows an in
M ile s .
K ilo m e te r s .
crease, with the exception of coal and coke.
M ain L in e, Ciudad Porfirio D ia z to D u ra n g o_______
5 4 0 .4 4
S 6 9 .7 4
“
"
R e a ta to M o n te rey ________________________
7 1 .8 0
1 1 5 .5 4
The development of the coal region adjacent to your line,
B ranches, Sabinas to H o n d o ___________________________
1 2 .4 3
2 0 .0 0
referred to in our last report, has caused a shortage in mine
Sabinas to A g u ijita __________________
3 .7 3
6 .0 1
M esquite to C a rb on __________________________
3 .7 3
6 .0 0
labor that has seriously affected the output of mines owned
Baroteran to M u sq u iz_______________________
2 4 .0 4
3 8 .6 8
by the National Railroad Company of Mexico and the Mexi
M on clo va to Cuatro C ienegas_____________
4 2 .4 8
6 8 .3 6
H ornos to San P ed ro_______________________
1 4 .3 5
2 3 .0 9
can Coal & Coke Company, from which your line formerly
Pedricena to V e la rd e n a____________________
5 .8 2
9 .3 7
received its entire domestic coal traffic; however, this con
M atam oras to T lah u alilo___________________
4 3 .5 2
7 0 .0 4
"
H orizonte to B erm ejillo_____________________
1 4 .0 0
2 2 .5 3
dition is being rapidly overcome by the importation of Jap
“
D urango to T ep eh u an es_____________________ 1 3 5 .0 0
2 1 7 .2 6
anese, who are now arriving weekly, and it is confidently
T o t a l ........... .......................................... ........................... .................. 9 1 1 .3 4
1 ,4 6 6 .6 2
expected that a sufficient number will be obtained by the
S i d i n g s _________ _________ ______ ________ ______ ________ __
1 3 4 .7 5
2 1 6 .8 7
end of October to fill all requirements of the coal region.
T o ta l m iles of tra ck ___________________________ '__________ 1 ,0 4 6 .0 9
1 ,6 8 3 .4 9
There has been an increase in all classes of passenger traffic.
Table No. 7 shows the working expenses of your property
The average number of kilometers of road operated during
the half-year was 1,436.83 (892.83 miles), as compared with in detail.
The percentage of working expenses to gross receipts was
an average of 1,421.93 (883.57 miles) for 1905, an increase of
58.47, as against 62.04 during the same period in 1905, viz.:
14.90 kilometers (9.26 miles), or 1.05 per cent.
1905.
1906.
I I .— RECEIPTS AND EXPENSES.
9 .4 2 __________________ M aintenance of W a y an d S tru ctu res________________ 1 2 .1 2
The transportation receipts and expenses for the half-year 1 2 .4 0 __________________ M aintenance of E q u ip m e n t__________________________ 1 1 .3 4
.8 3 ---------------------------- Conducting T ran sp o rtation __________________________ 3 1 .6 2
and the charge s against the half-year’s income were as follows: 3 45 .3
9 --------- ------------------- General E xp en ses______________________________________ 3 .3 9
'F r o m 'J a n . 1 to J u n e 3 0 .
M e x ic a n C u r r e n c y — 19 0 6 .
19 0 5 .
Passengers an d express
_____ $ 4 0 3 ,7 0 2 49
$ 3 1 7 ,8 5 0 34
F re ig h t____
- - ______ _________ . 3 ,5 4 7 ,5 4 0 45
2 ,8 7 4 ,8 4 9 76
A ll other sources_____
_________
4 9 ,7 8 2 41
8 6 ,2 8 9 88
T o ta l re c e ip ts. .
_______
$ 4 ,0 3 7 ,5 3 2 82 $ 3 ,2 4 2 ,4 8 2 51
M aintenance of w av and stru ct’:3 $ 4 8 9 ,5 2 3
M aintenance of eq u ip m e n t____
4 5 7 ,6 3 2
C onducting tra n sp ortatio n ____ 1 ,2 7 6 ,6 7 7
General expenses________________
1 3 7 ,0 2 6
38
83
65
05
$ 3 0 5 ,2 8 8
4 0 1 ,9 8 8
1 ,1 6 1 ,6 9 0
1 4 2 ,6 4 7
02
09
37
25
I n cr ea se ( + )
D e c r e a s e (—
+ 5 8 5 ,8 5 2 15
+ 6 7 2 ,6 9 0 69
+ 3 6 ,5 0 7 47
+ $ 7 9 5 ,0 5 0 31
+ $ 1 8 4 ,2 3 5
-t-5 5 ,6 4 4
+ 1 1 4 ,9 8 7
— 5.621
36
74
28
20
T o ta l w orking expenses______ $ 2 ,3 6 0 ,8 5 9 91 $ 2 ,0 1 1 ,6 1 3 73
+ 5 3 4 9 ,2 4 6 18
R eceipts over w orking expenses $ 1 ,6 7 6 ,6 7 2 91 $ 1 ,2 3 0 ,8 6 8 78
In co m e from In v estm en ts...........
664 75
145 00
+ $ 4 4 5 ,8 0 4 13
+ 519 75
T o ta l .
.
...................................... $ 1 ,6 7 7 ,3 3 7 66 $ 1 ,2 3 1 ,0 1 3 78
+ $ 4 4 6 ,3 2 3 88
$ 1 5 ,5 3 5 77
3 ,3 3 3 34
$ 1 3 ,9 6 6 19
+ $ 1 ,569 58
+ 3 ,3 3 3 34
$ 1 8 ,8 6 9 11
$ 1 3 ,9 6 6 19
+ $ 4 ,9 0 2 92
N e i l F e v e n u e ,'M e x ic a n C u r r e n c y .$ 1 ,6 5 8 ,4 6 8 55 $ 1 ,2 1 7 ,0 4 7 59
+ $ 4 4 1 .4 2 0 96
V S . C urren cy—
A verage price realized for the
silver dollar....................................
A m o u n t of net reven u e................
Interest collected on open accts.
S tam p and other ta x e s . _______
R ental Coahuila Coal R a ilw a y .
D e d u c t—
Interest on bonded d e b t........... ..
A d d itio n s, b etterm en ts and new
eq u ip m e n t............. .........................
S u r p lu s ................... ....... .................
5 0 .0 0 cts.
$ 8 2 9 ,2 3 4 27
1 6 ,0 1 9 88
49 .5 1 cts.
$ 6 0 2 ,5 6 0 26
1 6 ,1 9 8 59
+ .0 0 4 9 c ts.
+ $ 2 2 6 ,6 7 4 01
— 178 71
$ 8 4 5 ,2 5 4 15
$ 6 1 8 ,7 5 8 85
+ $ 2 2 6 ,4 9 5 30
2 7 5 .7 5 5 00
2 7 5 .7 5 5 00
$ 5 6 9 ,4 9 9 15
$ 3 4 3 ,0 0 3 85
+ $ 2 2 6 ,4 9 5 30
3 9 5 ,2 4 5 95
2 0 ,8 9 4 50
+ 3 7 4 ,3 5 1 45
$ 1 7 4 ,2 5 3 20
$ 3 2 2 ,1 0 9 35 — $ 1 4 7 ,8 5 6 15
6 2 .0 4
5 8 .4 7
As will be seen, theexpenses for maintenanceabsorbed
23.46 per cent, and for operations 35.01 per cent of the gross
earnings.
The following statement shows the percentage to total
expenses of the sub-accounts:
1905.
1906.
1 5 .1 8 ----------------------------M aintenance of W a y and S tru ctu res_______________2 0 .7 4
1 9 .9 8 ----------------------------M aintenance o f E q u ip m e n t__________________________ 1 9 .3 8
5 7 .7 5 ----------------------------C onducting T ra n sp o rta tio n __________________________ 5 4 .0 8
7 .0 9 ------------------ ---------- General E x p e n ses______________________________
5 .8 0
100.00
100.00
While thecost ofoperating yourproperty shows a decrease
in percentage as compared with the same period previous
year (you will note the decrease is in operation, not main
tenance), it is proper to state that the property has been well
maintained; all necessary and current repairs and renewals
have been made, and it may be stated that, as a whole, it is
in fair condition.
For details of the transportation department see Tables
Nos. 8 and 9.
The statements of accounts prepared by the Comptroller,
and included in this report, show in detail the results for the
half-year as well as the financial condition of the property.
The books and accounts have been audited by M< ssrs.
Price Waterhouse & Company of London and New York,
whoso certificate as to the correctness thereof is appended to
the balance sheet.
!
12 2
THE
II I .— ADD IT1ONS A NI) BETTERM EN T S .
Table No. 6 of the report gives in detail the various ex
pend, lures for additions anti betterments made during the
half-year.
A summary thereof is as follows:
M e x iq a n C u rren cy
______ . 8 2 3 ,2 0 9 9 8
________
8 ,1 1 5 01
. . . . . 5 8 0 .8 0 2 0 0
3 .0 7 9 41
N e w b u ild in g s .
B rid ges - ..... .....................
N e w e q u ip m e n t _____
F en cin g
_____
F u e l s t a t i o n s __________
S te e l r a ils .................
N e w tr a c k s a n d yard:
N e w t o o ls _______________
W a t e r s u p p l y . ------ --
________
________
________
________
1,200 21
5 7 .0 7 3
5 2 ,9 0 7
1 8 ,3 6 2
4 5 ,5 8 4
28
92
78
71
$ 7 9 0 ,4 9 1 9 0
I V .— CAPITAL.
In the accounts for the half-year the amount of $140,498 68, Mexican currency, has been charged to “ Cost of
P roperty,” and represents the amount expended in the survey
of new lines.
Interest on income bonds is not included in this report, as
same is payable in September of each year, and then only as
declared.
V .— G E N E R A L R E M A R K S.
The average kilometers operated, the gross earnings, the
average earnings per kilometer and the average earnings per
mile lor the yea, s 18$ 4 to 1905 inclusive, and the s x months
of 1900, are shown in the following table:
S ix M o n th s—
1 9 0 6 . . _________
O n e Y ea r—
1 9 0 5 _____________
1 9 0 4 ______________
1 9 0 3 _____________
1 9 0 2 ______________
1901 ________ . .
1 9 0 0 ______________
A v era ge
K ilo m e te r s
O p e r a te d .
. 1 ,4 3 6 . 8 3
...
...
....
...
_ _
1 ,4 2 1 . 9 3
1 .4 1 6 . 4 4
1 ,4 1 5 . 9 3
1 ,3 9 7 . 4 4
1 ,3 6 4 .4 2
1 ,2 8 9 . 9 2
G r o s s FCarn’ g s .
( M e t . C u r r e n c y .)
$ 4 , 0 3 7 ,5 3 2 8 2
$ 6 , 5 1 9 ,1 6 1
6 ,8 9 1 .1 9 6
7 ,0 9 1 ,8 2 7
6 ,4 9 6 , 1 6 1
5 ,9 6 0 ,8 2 4
5 ,3 7 8 , 9 7 7
41
S8
24
58
06
33
A vera ge
C a r ra n g s
P e r K llo m .
$ 2 ,8 1 0 0 3
$ 4 ,5 8 4
4 ,8 6 5
5 ,0 0 8
4 .6 4 8
4 ,3 6 8
4 ,1 7 0
73
15
60
61
70
01
[ Y O L . L X X X I1 I.
C H R O N IC L E
A vera ge
E a rn in g s
P er M ile .
$ 4 ,5 2 2 17
$ 7 ,3 7 8
7 ,8 2 9
8 ,0 6 0
7 ,4 8 1
7 ,0 3 0
6 .7 1 0
20
57
36
04
60
88
A vera ge
K ilo m e te r s
O p e r a te d .
1 ,1 8 5 .5 3
. . . 1 ,0 6 0 .6 0
1 ,0 6 0 .6 0
--------1,01 I .0 2
One Y ea r—
1 8 9 9 ____________
1 8 9 8 ____________
1 8 9 7 . __________
1 8 9 6 ____________
1 8 9 5 . . .................
1 8 9 4 ____________ ____
1893. . . .
. . _____
1 8 9 2 . . .........
1 8 9 1 ______
_____
1 8 9 0 ____________ . . .
1 8 8 9 . . . ....... .
_
1 8 8 8 ____________ _____
1 8 8 7 ____________ _____
1 8 8 6 ________ _ . _____
1 8 8 5 _____ _______
1 8 8 4 ____________ _____
9 2 2 .1 9
9 2 2 .1 9
6 5 8 .3 0
6 3 7 .3 8
5 7 3 .9 7
2 7 3 .5 8
2 7 3 .5 8
2 4 5 .2 0
G ross E a rn in g s.
(M c x . C u rren cy)
$ 4 ,6 4 5 ,5 5 9 29
3 ,4 9 7 .0 7 3 97
3 ,0 3 4 ,1 2 0 0 4
2 ,9 0 0 ,9 2 5 3 3
2 ,6 0 4 .1 2 6 0 8
2 ,1 6 9 ,1 2 1 47
2 ,0 5 0 ,9 3 4 01
2 0 9 5 .7 2 6 14
1 ,1 9 7 ,8 5 6 55
1 ,1 2 6 ,3 6 6 41
9 1 1 ,6 9 8 51
6 5 0 .7 8 1 41
2 3 7 ,3 9 4 13
1 8 5 ,1 5 0 25
1 5 3 ,9 1 6 18
1 0 3 ,3 0 7 9 8
A v era ge
E a rn in g s
P e r K llo m .
$ 3 ,9 1 8 55
3 ,2 9 7 2 6
2 ,8 6 0 76
2 ,8 6 9 3 0
2 ,8 1 2 5 4
2 ,3 5 2 14
2 ,2 2 6 15
2 ,8 0 7 8 9
1 ,8 1 9 69
1 ,7 4 5 64
1 ,4 3 2 73
1 .1 4 4 28
8 6 7 73
076 70
5 6 2 59
42 1 49
A v era ge
E a r n in g s
P er M ite .
$ 6 ,4 4 1 91
5 ,3 0 6 31
4 ,6 0 3 86
4 ,6 1 7 69
4 ,5 2 6 28
3 ,7 8 5 29
3 ,5 7 9 0 4
4 ,5 1 8 6 7
2 ,9 2 4 0 2
2 ,8 3 9 77
2 ,3 0 5 64
1 ,8 4 1 47
1 ,3 9 6 4 3
1 ,0 9 8 11
9 0 5 39
6 1 2 37
Of the total number of employees in your su vice at June 00
1904, 2,710, or 80.22 per cent were natives, and 809, or 19.78,
of other nationalities.
On May 1 1906 your Company began to operate the
Coahuila Coal Railway under lease: for the term of fifteen
yea s. paying therefor an annual rental of twenty thousand
doilais, Mcx can sTver. This is a s"andard-garge railroad
extending from Baroteran, a station on your ma.n line, to
Mvsquiz, 38.68 kilometers (21.04 miles’), with s dings 8-16
kilometeis (5.07 miles). The line pass s thro’ gh the coal
fields operated by the Mexican Coal & Coke Company, and is
considered a valuable acquisition to your property.
The Board records with deep regret the death of one of its
valued members, Lyndc Harrison, which occurred on June 8
1906; and of one of its most efficient and trusted officials,
Major R . B. Gois ch, Representative and Chief Engineer,
which occurred on J; ne 2 1906.
By order of the Board.
E. N. B R O W N , President.
BROOKLYN R A P ID TRANSIT COMPANY.
O FFICIAL STATEM ENT TO TH E N EW Y O R K STOCK EXCH AN GE IN CONNECTION W IT H TH E LISTING
OF A D D IT IO N A L F IR ST REFU N D IN G MORTGAGE FO UR P E R CENT BONDS.
Brooklyn, New York, October 3 1906.
Referring to its original application of February 15 1904,
and to its supplementary applications of August 22 1904,
January 27 1905, April 4 1905, December 11 i905 and Feb
ruary 13 1906, the Brooklyn Rapid Transit Company hereby
makes application for the listing of $2,879,000 additional
Brooklyn Rapid Transit Company’s First Refunding Gold
Mortgage Bonds, numbered consecutively from 22,043 to
24,921, both inclusive, of the par value of $1,000 each. Of
the $2,879,000 par value of bonds above described, $129,000
par value were issued under Section 4 of Article 1, which re
serves at all times bonds for the exchange or retirement of
bonds of underlying mortgages, and $2,750,000 par value
were issued under Section 5 of Article 1 to be used for the
purpose of acquiring by purchase, exchange, or otherwise,
stocks, bonds, securities or other property of any kind what
soever which the Company shall be legally authorized at the
time to purchase or acquire.
The First Refunding Gold Mortgage Bonds are secured by
a Mortgage or Deed of Trust to the Central Trust Company
of New Y ork, bearing date July 1 1902, maturing July 1 2002,
and for the amount of $150,000,000. The bonds issued bear
interest at the rate of Four per Cent per annum, payable on
January 1 and July 1 in each year. Principal and interest
are payable in gold coin at the office of the Company or its
financial agency in the City of New Y ork, which for the pay
ment of interest is at present the Central Trust Company of
New Y ork. The bonds are in both coupon and registered
forms. Coupon bonds are exchangeable for Registered
Bonds and Registered Bonds for Coupon Bonds. Coupon
Bonds may be registered in the name of the owner, such
registration being noted on the bond. The Registrar for
both Coupon and Reg'stered Bonds is the Central Trust
Company of New York. Reg'stered Bonds shall be of the
denomination of $1,000 or $5,000 each. The bonds are re
deemable at the option of the Company from time to time
before' July 1 2000, after due notice shall have been given,
by payment of the principal and interest accrued to the date
of redemption specified in such notice, together with a prem
ium of Ten per Cent of such principal, and after July 1 2000
by payment of principal and accrued interest. The amount
redeemed from time to time shall be determined by the Com
pany, and the bonds so redeemed shall be drawn b y lot by
the Trustee from the numbers of the then outstanding bonds,
both Reg'stered and Coupon, and shall not be reissued. The
bonds covered by this and the previous applications, and all
bonds subsequently issued, unless otherwise stated on the
bond, are convertible on or before July 1 1914, into the same
par value of the Capital Stock of the Brooklyn Rapid Transit
Company, and bonds so converted shall be canceled. The
necessary corporate action has been taken b y the Stock
holders and the Directors to increase the Capital Stock of the
Company from time to time sufficiently to provide for de
livery of shares of stock in exchange for bonds as they may
be presented for conversion.
The First Refunding Gold Mortgage is a direct lien upon
all the property of the Brooklyn Rapid Transit Company,
subject only to the Gold Mortgage of October 1 1895 lor
$7,000,000.
There have been issued b y the Company under the terms
of the First Refunding Gold Mortgage, and authenticated
and delivered by the Trustee under Sections 2, 4 and 5 of
said Mortgage, $25,835,000 of bonds, of which $24,921,000
par value have been sold and are outstanding. Of this
amount $5,000,000 par value of bonds were under the terms
of the Mortgage delivered forthwith to the Company upon
the execution of the Mortgage to constitute a working fund
for additions and improvements, said fund to be replenished
from time to time as the same should be reduced b y such ex
penditures. There are held in the treasury of the Company
unsold $914,000 of bonds.
The following property has been acquired at the cost indi
cated and deposited with the Trustee, as required b y the
Mortgage, to secure the bonds:
(1) C ertificates o f In d e b e d n e s s o f fo llo w in g C o m p a n ie s , c o v e r in g a c tu a l
c o st o f p ow er h o u se s, c o n str u c te d or in p ro cess o f c o n s tr u c tio n , re al e s t a t e ,
e q u ip m e n t, e t c ., n o n e o f w h ic h is o th e rw ise e n c u m b e r e d e x c e p t fo r reai
e s ta te p u rch a se m o n e y m o r tg a g e s a g g re g a tin g $ 3 5 ,0 0 0 :
T r a n s it D e v e lo p m e n t C o m p a n y ---------------$ 1 0 ,6 8 9 ,7 6 0
67
B r o o k ly n Q u een s C o u n ty & S u b u r b a n R a i l
ro a d C o m p a n y ____________________________
6 7 2 ,5 2 4
00
S o u th B r o o k ly n R a ilw a y C o m p a n y _____
2 5 5 ,5 4 7
52
A m e r ic a n R a ilw a y T r a ffic C o m p a n y ___
5 4 8 ,1 0 6
71
C o n e y Isla n d & G ra v e se n d R a ilw a y C o m p a n y
9 ,1 5 1 07
----------------------------- $ 1 2 ,1 -7 5 ,0 8 9 9 7
(2) C ertificates o f In d e b te d n e s s re p rese n tin g th e o b lig a
tio n s o f th e fo llo w 5’’ sr C o m p a n ie s fo r a d v a n c e s m a d e for th e
a c tu m cost o f im i r o v :m e n ts a n d a d d itio n s to ra ilro a d p ro p
erties (in clu d in g a r t of th e cost o f c o n v e r tin g e le v a te d ra il
ro ad s to e le ctric
Sr a d s ) , such im p r o v e m e n ts an d a d d itio n s
first b e in g s u b l <t . lo w e v e r , to th e lien s o f th e R a ilro a d
M o rtg a g e s o f ti ■ s e (o m p a n ie s:
B r o o k ly n H e i g 1 s I R . C o . a c c o u n t B r o o k ly n
U n io n E le v a e d R R . C o _______________________ $ 4 ,0 1 4 ,5 3 0 19
B r o o k ly n H e i g l t s R R . C o . a c c o u n t N a s s a u
E le c tric R a ilio a d C o m p a n y ____________________
4 0 0 ,5 1 0 9 0
B r o o k ly n H e ig h ts R R . C o . a c c o u n t B r o o k ly n
C ity "R a ilro a d C o m p a n y ------------------------------------1 ,5 8 7 ,1 5 2 7 0
B r o o k ly n H e ig h ts R R . C o . a c c o u n t P ro s p e c t
P a rk & C o n e y Isla n d R a ilro a d C o m p a n y ._
5 1 4 ,2 6 1 7 8
S e a B e a ch R a ilw a y C o m p a n y ------------------------------1 2 1 ,6 9 2 51
N a s s a u E le c tric R a ilro a d C o m p a n y ____________
5 4 5 ,3 7 7 0 0
----------------------------7 ,1 8 3 .5 2 5 0 8
(3) S to c k s o f th e fo llo w in g C o m p a n ie s a t c o st p rice th e r e o f:
B r o o k ly n U n io n E le v a te d R a ilro a d C o m p a n y
1 3 ,4 9 2 .4S S 8 shares o f C o m m o n S to c k an d
1 ,2 1 9 .6 7 2 9 shares o f P referred S t o c k ________
$ 4 6 3 ,1 4 5 58
N a ssa u E le c tric R a ilro a d C o m p a n y 3 ,1 2 4
shares a n d $ 7 5 scrip (C u m u la tiv e F o u r per
C e n t P referred S t o c k ) ---------------------------------------3 0 9 ,4 6 6 20
S o u th B r o o k ly n R a ilw a y C o m p a n y , 1 ,5 0 0 shares
(in c lu d in g o p tio n on shares q u a lify in g
D ir e c to r s )__________________________________________
5 5 0 ,1 7 7 43
T r a n s it D e v e lo p m e n t C o m p a n y , 2 5 0 shares
(entire C a p ita l S t o c k ) -----------------------------------------2 5 ,2 2 2 64
--------------------------1 ,3 4 8 ,0 1 1 85
$ 2 0 ,7 0 6 ,6 2 6 90
(4) N a ssa u E le c tric R a ilro a d 1 st co n s. 4 s d e p o s ite d in e x
c h an g e fo r B r o o k ly n R a p id T r a n s it R e fu n d in g 4 s ________
1 2 9 ,0 0 0 0 0
T o t a l c o s t price o f p ro p e rtie s d e p o site d w ith T r u s te e o f F irst
R e fu n d in g G o ld M o r t g a g e ________________________________________ $ 2 0 ,8 3 5 ,6 2 6 9 0
Of the authorized issue of $150,000,000 bonds of the First
Refunding Gold Mortgage, there were reserved under the
N ote. -T h e Certificates o f Indebtedness Issued b y C onstituent C om panies,
aggregating $19,358,615 05 against which B. R. T . B onds have been Issued
d o not appear separately on this C onsolidated Balance Sheet, as the property
purchased appears as an asset under the head o f “ Cost o f R oad and E q u ip
m en t” and "A d v a n ce s A cco u n t C on struction for Leased C om p an ies.” and
the liability Is represented by the B onds o f the B rooklyn R apid T ran sit
C om pan y, Issued from tim e to tim e as such C ertificates o f Indebtedness
are acquired and deposited w th the Central T ru st C o .. T rustee
M ortgage $61,0 5,000 to retire or take up the $7 ,000,000
G old M ortgage B rook lyn R a p id Transit B onds issued under
the M ortgage o f O ctob er 1 1895 and $54,065,000 bon d s issued
b y the constitu ent railroad com p an ies, a com p lete list o f
w hich is sot forth in our original ap p lica tion . T he purposes
for w hich the rem a ning $88,935,000 o f b on d s m ay be issued
and the con d ition s relating thereto are also sot forth in our
original a p plica tion .
STATEM ENT
OF
C O M P A R A T IV E S T A T E M E N T OF T H E R E S U L T S OF T H E O P E R A
T IO N S OF T H E B R O O K L Y N R A P ID T R A N S IT S Y S T E M F O R
Y E A R S E N D IN G J U N E 30 1906-1905.
Increase or
1906.
1905.
Decrease.
Gross earnings from Oper*n.$ 18.473,328 10 $16,333,444 59 4*$2,139,883 51
O perating exp en ses. . .. _ 10.441.377 37
9,803.870 32
+ 6 3 7 ,5 0 7 05
F I R S T R E F U N D IN G
M ORTGAGE
B O N D S.
Issued upon execu tion o f M ortgage and for corp ora te purposes
$5,000,000
Subsequently issued for p roperty acquisition s, as per list of
expenditures ......................... ...................................... ...................... - 20.835,000
ISSU A N C E
$25,835.000
B onds listed per a pp lication A . F eb. 15 1904
__
_
$5,000,000
B onds listed per application B . A u g. 22 1904
...
5.000,000
B onds listed per application C. Jan. 27 1905
__ _____
_ 5,250,000
B onds listed per application D. A pril 5 1905.................... _
1.750.000
B on ds listed per application E . D ec. 11 1905__
----------3,042,000
B onds listed per application F . F eb . 13 1906 .
________ _ 2,000,000
T h is a pp lication to list G -------------------------------------------------------- ---2.879,000
Treasury b on d s________________________________________________
.
914.000
$25,835,000
GENERAL
BALANCE
SH EET
JU N E
30
$6,529,574 27
2 5 2 .135 63
T ota l In com e____ .
- $8,355,886 35
Less taxes and fixed charges 5,612,934 23
$6,781,709 90 + $ 1 ,5 7 4 .1 7 6 45
5,178,491 55
+ 4 3 4 .4 4 2 68
Net Income
.$ 2 ,7 4 2 ,9 5 2 12
Out o f w hich was taken for
betterm ents and a d d i
tions to p ro p e rty ___
_
580.342 87
$1,603,218 35
+ $ 1 ,1 3 9 .7 3 3 77
453,284 87
+ 1 2 7 .0 5 8 00
Surplus for the y e a r ______ $2,162,609 25
Surplus for June 30 1905-04
984,723 20
$1 ,149,933 48 + $ 1 ,0 1 2 ,6 7 5 77
1,594,189 72
— 609,466 52
____________________
Surplus June 30 1906 and
June 30 1905
________ $3,147,332 45
O f this am ount there has
been app rop riated —
Old accou n ts w ritten o ff
$522 98
In adju stm en t o f supply
a cco u n ts _____ ___________
____________
For discount on b onds sold
571,246 66
Contingent reserve fu n d ___
500,000 00
>
— --------------------T otal a p p rop riation s___$1,071,769 64
1906.
A ssets•—
Cost o f road and eq u ip m en t_________________________________ $108,733,546
Properties owned in w hole or in part b y B. R . T . Co.
A dvan ces accou n t o f con stru ction for leased C om p an ies____
7,939,167
B rook lyn City R a ilroa d ____________________ $7,221 .478 84
P rospect Park & C. I. R R . C o ______________
717,688 74
C onstruction expen ditu res, constituent co m p a n ie s________
4,506,274
T o be reim bursed by Issuance o f B. R . T . 1st R efunding
G old M ortgage 4 % B onds, upon deposit w ith Central
Trust C o .. T ru stee, o f Certificates o f Indebtedness
to cov er.
G uaranty fund (securities and ca s h )_____________________
.
4.005,755
U nderlyin g bonds deposited w ith Central Trust C o .. T rustee
100,000
Treasury b o n d s ______________________________________________
1,075,500
B. R. T. 1st R ef. Gold M ortgage 4 % _______
$943,000 00
Other issues__________________________________
132,500 00
Treasury s to c k _______________________________________________
146,228
Current assets_______________
3,665,299
Cash on h a n d ________________________________ $2,001,558 65
D ue from Com panies and in dividu als_______
589,347 89
C onstruction m aterial and general supplies
on h a n d ___________________________________
963,082 52
R eal estate m ortga ges______________________
6,500 00
Prepaid a cco u n ts _______________________+. _
104,810 05
B onds and cash in escrow covering con tra ctors’ deposits
42,120
Net earnings from op er'n $8,031.950 73
Incom e from other sou rces.
323.935 62
•
The follow in g is a C onsolidated General B alance Sheet as
o f June 30 1903 o f B rook ly n R a p id T ransit C om pan y and
constituent com panies:
C O N S O L ID A T E D
I 123
T H E C H R O N IC L E .
N o v . 3 19(M5. |
62
58
84
B alance, surplus. June 30
1906 and June 30 1 9 0 5 -- $2,075,562 81
$2,744,123 20
+ $ 1 ,502,376 46
+71 .799 99
+ $403,209 25
+ $522 98
12,600 00
1,746,800 00
— 12,600 00
— 1.175.553 34
+ 500,000 00
$1,759,400 00
— $687,630 36
$984,723 20
+ $ 1 ,0 9 0 ,8 3 9 61
The office o f the C om pany is at N o. 85 C lin ton S treet,
B orough o f B rook lyn .
T he O fficers are: A. N. B ra d y , Chairm an o f the B oard;
E dw in W . W in ter, President; T . S. W illiam s, H ora ce C. D u
Val and J. F. C alderw ood, V ice-P residents; C. D . M eneely,
S ecretary and Treasurer.
The D irectors are: A. N. B ra d y , E d w in W . W in ter,
N orm an B. R ea m , E . H . H arrim an, H . H . P orter, A. R .
F low er, W . G. Oakrnan, J. G. Jenkins, D . H . V alentine,
H en ry S iebert, H . C. D u V a l, E ugene N. Foss and T . S.
W illiam s.
Filed herew ith: T ru stee's Certificate of issuance o f the
bon d s covered b y this a p p lica tion and the T ru stee's Certifi
cate o f the dep osit o f Certificates o f In d eb ted n ess and other
p rop erty; R esolu tion s o f E x ecu tiv e C om m ittee for the issu
ance o f the bon ds covered b y this a p p lica tion .
R esp ectfu lly su b m itted ,
00
00
00
00
11
00
$130,213,891 15
Liabilities —
Capital S to c k _____________________ _ _ _ _________
_________ $45,929,758 83
B rook lyn R apid Transit C o _______________ $45,000,000 00
O utstanding Capital S tock o f constituent
c o m p a n ie s _______________________________
929,758 83
B on ded d ebt and real estate m ortga ges___________ ____ ___
78.690,680 00
B rooklyn R apid Transit C o ________________ $32,835,000 00
B onded debt o f constituent com panies:
B rook lyn H eights R R . C o _______________
$250,000 00
T h e Nassau E lectric R R . C o ____________ 15,000,040 00
B rook lyn Q. Co. & S. R R . C o ___________
6,624,000 00
Sea Beach R ailw ay C o __________________
650,000 00
B rook lyn U nion E levated R R . C o _____ 23,000,000 00
R eal estate m ortgages___________________
331,640 00
Current liabilities____________________________________________
2,819,694 09
A u dited v ou ch ers____________________________ $1,241,317 59
D ue Com panies and in d ivid u als____________
117,590 49
Taxes accrued and not d u e _________________
818,502 93
Interest and rentals a ccru ed and n ot due__
642,283 08
42,120 00
C on tractors’ d ep osits________________
L on g Island T raction Co. Trust Fund
9,344 19
A ccou n ts to be a d ju sted _____________
24,045 59
Insurance reserve fu n d _______________
51 ,428 27
71,257 37
D epreciation reserve fu n d ___________
500,000 00
C ontingent reserve fu n d ______________
Su rpu s________________ ________________
2,075,562 81
B R O O K L Y N R A P ID T R A N S IT C O M PAN Y,
B y E D W IN W . W IN T E R ,
President.
The C om m ittee on S tock la st recom m en d s th a t the a b o v e m entioned $2,879,000 ad dition al R efu n d in g M ortgage C on
vertible Four per Cent C oupon B on d s o f 2002, for $1,00 0 e a c h ,
Nos. 22,043 to 24,921 in clu sive, be ad d ed to the am ou n t now
on the list, m aking the tota l am ount listed to date $24,921 ,000, N os. 1 to 24,921 in clusive.
GEORGE W. E L Y ,
WM. W. HEATON,
Secretary.
Chairman.
A d op ted b y the G overn in g C om m ittee O ct. 24 1906.
$130,213,891 15
Temescal Water Co., Cal.— F a v o r a b l e D e c i s i o n . —The Su be taken over under lease b y the C onsolidated R a ilw a y Co
preme Court of California on Aug. 10 (Judge Henshaw writ (the trolley subsidiary o f the N. Y . N. H . & H . R R .) , the.
ing the opinion, concurred in by all the judges) affirmed a stock ownership rem aining w ith the U nited Gas Im p ro v e
judgment rendered by Judge Noyes in the Superior Court m ent Co.
of Riverside County denying an application for an injunction Results in Philadelphia.— See E q u ita b le Gas L igh t C o. of
against the company. The action was brought in March P hiladelphia a b o v e .— V . S3, p. 499, 217.
1904 by six land-owners. The opinion was given in full in ,
U n ited States Steel C orp ora tion .— Quarterly Report.— See
the “Los Angeles Financier” of Aug. 29.
“
Annual
Reports” on a preceding page.
T h e com p a n y supplies the tow n o f C orona, popu lation 2,700, all except |
Appropriations
for Gary Plant. — The aforesaid report show s
an insignificant part being taken from the Perris va lley, a basin 40 or 50 '
square miles in exten t. T h e surface soil Is o f Inferior ch aracter, arid and I
alkaline, bu t at a depth varying from 8 to 40 feet below the surface the
land consists o f unstratified silt, detritus and gravels, the voids in this
soil carrying w ater to a depth o f from 100 to 400 feet.
In Jan. 1901 160
acres were p u rch ased . w ater being pum ped through flumes and conduits
for a bou t 40 miles to C orona, and In March 1903 3,340 additional acres.
T h e com p a n y “ has expen ded nearly Si .000.000 and the value o f Its water
rights and other properties is at least S2.GOO.ooo." T h e chief allegation
o f the plaintiffs was that the d efendants' pum ping had lowered the plane
o f satu ration , interfering with the grow th o f vegetation on the plaintiff's
lands. T he cou rt found that land in Perris valley lsyarld and unprofitable;
that since 1901 the w ater plane has been tem porarily reduced an average
o f about ten feet, p artly “ caused b y defen d an t, the rem ainder b y plaintiff,
b y third parties and by natural cau ses.’ ’ Com pare C orona Pow er & W ater
C o .. V . 82. p. 1499; V . 83, p. 495.
United Gas Improvement Co., Philadelphia.— D ea ls
an ap propriation from the surplus of th e qu arter of $ 1 1 ,000,000 on accou n t of .expenditures for ad dition al p ro p e rty ,
con stru ction and discharge o f capital ob liga tion s
O f this
ap prop riation , $3 ,50 0,00 0 it is sta ted , is on accou n t of the
new plant at C a ry , In d .
j
Judge Garjr says in substance:
;
j
i
Substantial progress Is being m ade in the b u ild in g o f the tow n o f Gary
and we hope that the new plant will be m aking steel by the spring o f 1908
It Is not exp ected , h ow ever, that the works will be com pleted before the ex
plratlon o f five years.
Foundations have been laid for several blast fur
naces. open-hearth furnaces, m achine shops, office buildings, pum p sta
tions and warehouses. A good deal has also been done toward excav atin g
1 the channel entrance and the laying o f sewers and gradin g o f streets. Also
Vol various dw elling houses and business b uildings are bein g erected , the lat
ter by outsiders w ho have purchased land.
W hile It Is con tem plated to expend ultim ately $75,000,000 or m ore at
G a ry , we have thus far exp en ded $3,475,563 on land and Im provem ents and
set a s d e $18,524,436 m ore. T h e latter sum is In cash or Invested In salable
securities. T he question o f a bond Issue for the com p letion o f the plant has
not even been con sidered, nor Is It likely to be In the near future.
1 should
be pleased If we could spend the $ 1 8 ,000,000 on hand before t he end o f next
year, but I d ou b t our ability to do so.
Under these circu m stan ces one may
Judge for himself how Im m inent Is a ny con sideration o f a bond plan.
N otw ithstanding that the unfilled orders for the last quarter are the
largest In the history o f the co m p a n y , there are no Indications o f any cessa
tlon In d e m a n d .— V . 83, p. 912. 822.
Yet Closed.—The p ice of the company's shares advanced
sharply at Philadelphia on Wednesday on the story that
terms had finally been agreed upon for the sale of the Con
necticut Railway & Lighting Co. and the Rhode Island Se
curities Co. to the New York New Haven & Hartford RR.;
also for the purchas *of the Syracuse Lighting Co. Replying
to our inquiry about the Connecticut and Syracuse deals,
Secretary W. F. Douthirt yesterday telegraphed as follows:
“We have neither acquired Syracuse nor disposed of Connec
ticut. It is true that negotiations have been pending for V entura C ounty (C al.) P ow er C o .— Consolidation \'ew
a long time, but it is impossible to forecast what the result Bonds Offered.— This com p a n y , w hich was form ed A ug. 31
1906 under the laws o f C alifornia, with $2 ,50 0 ,0 0 0 capital
will be.”
o ck , as a con solid ation o f the V en tu ra W a ter, Light &
Press reports from New Haven favor the belief that the sPow
er Co. (V . 83, p. 38 4 ), the O xn a rd L ight <fc W ater Co.
Connecticut Railway & Lighting Company's properties will
1124
VO L. LXXXIII.
T H E C H R O N IC L E .
and the Santa Paula Electric Co., has called a meeting of
T h e
C o m m e r c i a l
T im e s .
the shareholders for Nov. 10 to vote upon making an issue
of $1,000,000 "first mortgage sinking fund 0% gold bonds”
of $1,000 each.
C O M M E R C IA L E J T T O M ii,
The Adams-Phillips Company of Los Angeles is offering
Friday, Nov. 2 1906.
a block of the new bonds at 101 and interest. They will be
Activity in legitimate trade, steadiness of prices, large
dated Nov. 1 1900 and due Nov. 1 1936, but redeemable on
any coupon date on and after Nov. 1 1911 at 101 and interest. crops and a comparative absence of speculation, together
Interest payable May 1 and Nov. 1 in Los Angeles, Cal., or with a confident tone almost everywhere are still the domi
in New York City. Title Insurance & Trust Co., trustee, nant features of business in this country.
Los Angeles, Cal. A circular says in substance:
1 P re fe r re d s t o c k , 5 % , a u t h o r iz e d , $ 1 ,0 0 0 ,0 0 0 ; Issu ed , $ 1 8 1 ,4 0 0 .
C om
m o n s t o c k , a u t h o r iz e d , $ 1 ,5 0 0 ,0 0 0 ; Issued , $ 5 4 3 ,9 0 0 .
B o n d e d d e b t , (irst
m o r t g a g e 6 % g o ld b o n d s , a u t h o r iz e d , $ 1 ,0 0 0 ,0 0 0 ; Issu ed , $ 4 0 3 ,0 0 0 .
The
re m a in in g b o n d s , $ 5 9 7 ,0 0 0 , a re h eld in e s c r o w a n d c a n o n ly b e Issued fo r
7 5 % o f th e c o s t o f p e r m a n e n t I m p r o v e m e n t s , a n d o n ly w h en th e net e a r n
in g s shall b e o n e a n d o n e -h a lf tim e s th e In terest ch a rg e s o n all b o n d s o u t
s ta n d in g a n d o n all b o n d s p r o p o s e d t o b e Issued.
S in k in g fu n d o f 2 % o f
t h e o u t s ta n d in g b o n d s will c o m m e n c e N o v . 1 1 91 1 .
T h e th re e c o m p a n ie s m e r g e d , lo c a te d In th e th re e p r in c ip a l c itie s o f
V e n t u r a C o u n t y , c o n tr o lle d th e p u b lic u tilitie s o f th o s e citie s a n d o f th e
e n tir e c o u n t y .
T h e g ross ea rn in g s b e fo r e c o n s o lid a t io n fo r th e s ix m o n th s
e n d in g J u n e 30 1900 a m o u n t e d t o $ 4 1 ,7 5 2 .
T h e fo llo w in g e s tim a t e d
s ta t e m e n t w e b e lie v e t o b e c o n s e r v a t iv e ;
G ross e a r n in g s , $ 8 3 ,5 0 0 ; n e t
$ 4 1 ,8 0 0 ; Interest o n o u t s ta n d in g b o n d s , $ 2 4 ,1 8 0 ; s u rp lu s , $ 1 7 ,6 2 0 .
The
n e t e a rn in g s w ill b e m a t e r ia lly Increased w h e n th e S a t ic o y e x t e n s io n ,
w h ic h w a s p r a c t ic a lly c o m p le t e d a n d p a id fo r b e fo r e c o n s o lid a t io n , is p u t
In o p e r a t io n , a b o u t N o v . 1 1906.
T h e c o m p a n y reta ils Its o w n w a t e r , gas a n d e le c tr ic cu rre n ts in V e n tu r a
a n d O x n a r d , a n d d is trib u te s e le c t r ic c u rre n t fo r lig h tin g a n d p o w e r p u r
p o se s t h r o u g h o u t th e co u n ty '.
T h e c o m p a n y ow n s ail o f th e w a te rs o f th e
V e n t u r a R iv e r , w h ic h su p p lie s th e c i t y o f V e n t u r a w ith w a te r for d o m e s t ic
p u r p o s e s , a n d a p o r t io n o f t h e s u rro u n d in g c o u n t r y w ith Irrig a tio n ; t h e
d o m e s t ic w a te r w o r k s a t O x n a r d ; w a te r b e a r in g la n d s , m o r e o r less u n
d e v e lo p e d , t h r o u g h o u t th e c o u n t y ; gas p la n t a t V e n t u r a s u p p ly in g th a t
c i t y a n d th e c i t y o f O x n a r d , a n d s te a m p la n ts , o f c o m b in e d c a p a c i t y o f
750 h .p ., g e n e r a tin g e le c t r ic it y in V e n t u r a . O x n a r d a n d S a n ta P a u la .
I t a lso h as a c o n t r a c t w ith th e E d is o n E le c tr ic C o m p a n y t o ta k e a la rg e
a m o u n t o f p o w e r fro m Its K e r n R iv e r p la n t .
W h e n th is a r r a n g e m e n t is in
o p e r a t io n it is th e in t e n t io n t o h o ld th e s te a m p la n ts in re s e rv e .
The
E d is o n C o m p a n y in th is c o n t r a c t h as a g re e d n o t t o sell e le c t r ic a l e n e r g y
fo r lig h t in g or p o w e r p u rp o s e s in V e n tu r a C o u n t y .
D ir e c to r s (all res id en ts o f S o u th e r n C a lifo r n ia ):
C o l. J . A . D r if f ill,
P re s id e n t; J a m es H . A d a m s , W illia m R . S ta a ts , T h o m a s W . P h illip s
J . S . T e r r a n c e , C . C . T e a g u e a n d J a m e s R . M a rtin .
Ventura (Cal.) W ater, L ight & Pow er C o. —Consolidation.
—See Ventura County Power Co. above.— V. 83, p. 384.
— On Nov. 1 the co-partnership of the old banking and
Stock Exchange house of Shoemaker & Bates, 24 Broad St.,
this city, was terminated, owing to the death of the late
William Brock Shoemaker, and a new co-partnership formed
consisting of Henry W. Shoemaker, Thomas Towar Bates
and William F. Whitehouse, to carry on the business under
the firm name of Shoemaker, Bates & Co. The new firm
will have two seats on the New l^ork Stock Exchange,
Mr. Bates and Mr. Whitehouse both being members, thus
enabling it to take better care of its large stock and bond
business.
Upon the completion of the new building now being erected
for the Trust Company of America at Nos. 37 to 43 Wall
St., Shoemaker, Bates & Co. will occupy the entire second
floor, which is to be especially constructed for them. The
new offices, we are informed, will be among the handsomest
in the city. Henry W. Shoemaker is in charge of the branch
office at 500 Fifth Avenue.
—For a number of years the issuance of travelers’ checks
has been monopolized by express companies, who have en
joyed the bulk of the profit flowing from this source, although
a considerable proportion of the checks pass through banks.
We note, however, that financial institutions are awakening
to the fact that this is their legitimate field. The Mercantile
Trust Company of St. Louis has adopted a form of travelers’
international checks in denominations of $10, $20, $50 and
$100 which afford every protection to the holder and are
payable without deduction by its correspondents in all parts
of the world. The company is making a special effort at
this time to interest financial institutions in handling these
checks. They are finely executed by the Western Bank
Note Co. and combine simplicity in the means of identifi
cation and convenience in having them cashed. This latter
is done without deduction or commission.
P*7*—Redmond & Co. offer an interesting list of November
investments, among which are St. Louis & San Francisco
refunding 4s, which are now a virtual first lien on 847 miles
or road. The Somerset Coal car trusts offer an unusually
good yield for such well-secured bonds, and the Chicago &
Western Indiana 6s and the Canada Southern stock are also
most attractive at present prices. There are in fact many ex
cellent opportunities in the list for discriminating investors.
—The firm of Megargel & Brooks, Scranton, Pa., was suc
ceeded on Nov. 1 by Brooks & Co., who have acquired the
good-will of the old house. John H. Brooks, of the la^e
firm of Megargel & Brooks, together with R. G. Brooks,
T. R. Brooks, George G. Brooks and T. A. Surdam, will
comprise the new firm.
—The firm of Edward W. Hooke & Co., certified public
accountants, of Buffalo, opened its New York office this
week at 18 Broadway. The concern will devote particular
attention to auditing, investigating and reporting upon the
books and accounts of banks, banking houses, corporations
and firms.
—The National City Bank and N. W. Harris & Co. have
jointly purchased, and are offering to investors, $4,500,000
New York City tax-exempt 4% bonds, due November 1 1956.
—H. C. Powers & Co., dealers in municipal and corporation
bonds, have taken a fine suite of rooms on the fifth floor of
32 Pine Street, this city.
Slocks of M erchandise.
Lard_____________
C ocoa________ _____
Coffee, B razil_______
Coffee, J a v a __ . .
Coffee, other________
Sugar ____ ____
.Sugar.. _________ .
Hides_______________
C otton______ _____ _
Rosin .
....
Spirits turpentine.. .
Tar . _ _________ .
Saltpetre ____ ____
Manila hemp
Sisal hemp__ _____
Flour_______________ ____barrels
N ov. 1
1906.
Oct. 1
1906.
Nov. 1
1905.
.j ,268
4,534
5,343
3,538
3,754
______bags
14,500
------- bags 2,982,843 2,795,973 3,578,625
_____ mats
115,011
105,000
94,393
. _ bags 337,585 359,786 321,522
.hogsheads
none
none
18,750
455,864 1,311,584
none
.bags, &c.
. . . ..N o .
1,500
6,000
7,500
227,524
91,289
90,435
39,277
___ barrels
43,925
29,9)1
____barrels
1,213
644
1,866
885
. barrels
1,204
1,694
500
1.850
____ . bags
31
16,394
21,166
_____ bales
40,310
894
1,991
2,701
.bales
89,600
97,100
a n d s a ck s
58,900
LARD on the spot has been quiet but firm, owing to light
production and offerings. City is quoted at 9.62j^c. and
Western at 9.75c. Refined lard has been quiet and firm;
refined Continent 10.10c., South America 10.75c. and Bra
zil in kegs 11.75c. Lard futures at the West have been
strong and active at an advance, due mainly to light receipts
of live hogs, buying by packers, a brisk demand from the
shorts, buying by commission houses and light offerings.
D A I L Y C L O S IN G P R I C E S
S a t.
D e c e m b e r d e liv e r y ______3 .571^
J a n u a r y d e liv e r y ________ 8 .3 7 3^
M a y d e liv e r y _____________8 .3 0
O F L A R D F U T U R E S I N C H IC A G O
M on.
T u es.
W ed .
T h u rs.
F r i.
8 .6 0
8 55
S .6 0
8 .8 0
8 .7 2 * ^
8 .3 7 H
8 .3 5
8 42J4
8 .6 2 H
8 .5 2 t !
8 .3 2 > £
8 .3 2 ^
8 .4 0
8 .6 0
Z .o Z 'A
PORK on the spot has been fairly active and firm. Offer
ings continue light and the upward movement of the future
market at the West has also been a factor. Mess S18@
$18 75, clear $17@$19 5 0 'and family $18 50@$19. Cut
meats have been steady in demand with offerings light and
trade fairly active; pickled shoulders 8@8J^c., pickled hams
12c., pickled bellies, 14@10 lbs., 1014@llM c. Beef has
been quiet and steady; mess $9 25@$10, packet $10 50@
$11 and family $12 50@$13. Tallow has been in active
request and higher, with offerings light; City 6^@ 63^c. in
hogsheads. Stearines have been active and firmer; oleo
10>^@llc. and lard 10jq>c. Butter has been active and
steady, creamery, extras, 27c. Cheese has been fairly active
and steady; State factory, 13^c. Eggs have been quiet
and firmer; Western firsts, 26@27c.
OIL.—Cotton-seed has been quiet and easy; prime yellow,
summer or winter, 45c. Linseed has advanced with trade
active, partly for export. City, raw, American seed, 40@
41c.; boiled, 41@42c.; Calcutta seed, raw, 68c. Lard has
been in active demand and firmer; prime 75@78c. Olive
has been active and firmer for yellow and steady for green;
yellow 59@62c., green 5S@60c. Cocoanut has been firmer
on the absence of supplies; arrivals have been light and sold
in advance; Cochin 9L^c., Ceylon S%<2 . Peanut has been
quiet and steady; white 55@65c. Cod has been quiet and
steady; domestic 35@36c., Newfoundland 3S@40c.
COFFEE on the spot has been dull and easy. Rio No.
7, 73/£@7%c.-, Santos No. 4, 8J^c. West India growths
have been quiet and steady; fair to good Cucuta 9@9^|c. The
market for future contracts has been easier, owing to steady
though quiet liquidation for account of local and Wall Street
interests.
There has also been some selling against
offers from Brazil. C osing prices were as follows:
N o v e m b e r ______ 6 .0 5 c . |M a r c h _____________6 .4 0 c . | J u l y _________________ 6 .7 5 c .
D e c e m b e r ___ ! . . 6 . 1 5 c . | A p r i l _____________ 6 .5 0 c . |A u g u s t ______________ 6 .8 0 c .
J a n u a r y __________6 . 2 0 c . I M a y ________________ 6 .6 0 c . |S e p t e m b e r __________ 6 .9 0 c .
F e b r u a r y ________ 6 .3 0 c . I J u n e ________________6 . 6 5c. |O c t o b e r _____________ 6 .9 5 c .
SUGAR.—Raw has been dull and easier; centrifugal, 96degrees test, 3J4c -'> muscovado, 89-degrees test, 3Wp.; molas
ses, 89-degrees test, 3J^c. Refined has been dull and easy;
granulated 4.60@4.70c. Teas have been firm with a good
distributing trade. Spices have been steady with jobbing
demand active. Hops have been dull and somewhat easier.
TOBACCO has been active and firm. The demand for
domestic leaf continues so brisk that offerings are readily
absorbed. Some manufacturers report difficulty in securing
adequate supplies at the prevailing quotations. Foreign
crop prospects are reported only fair, especially for Partidos
and Vuelta Abajo. Nothing very definite has been received
as to the effect of the recent hurricane on the crop in Cuba.
PETROLEUM has continued in active demand and firm;
refined, barrels, 7.50c., bulk 4.40c., cases 10c. Naphtha has
been in fair demand and steady; 73 to 76 degrees 18c. in
100-gallon drums. Gasoline has been active and steady;
89 degrees 21c in 100-gallon drums. Spirits of turpentine
has been active and firmer at 70j^c. Ros:n has been in fair
demand and easy; common to good stra’ned $4 15.
COPPER has been quiet and easy; lake 22@221^c., elec
trolytic 213/o@ 21 %c. Lead has been more active and firm
at 5 90@6c. Spelter has been fairly active and firm at 6.30
@ 6.32^0. Tin has been quiet and easy; Straits 42j^c.
Iron has been less active and stead}'; No. 1 Northern $23 50
@$25, No. 2 Southern $21 50@$24.
1125
T H E C H R O N IC LE.
X o v . 3 190G.1
On Shipboard ,
COTTON
2 1906.
TH E M OVEMENT OF TH E CROP as indicated by our
telegrams from the South to-night is given below. For
the week ending this evening the total receipts have reached
474,771 bales, against 454,749 bales last week and371,05S
bales the previous week, making the total receipts since
the 1st of September 1906 2,633,253 bales, against 2,572,363
bales for the same period of 1905, showing an increase
since Sept. 1 1906 of 60.S90 bales.
F r id a y N ig h t, N o v em b er
17* Receipts at—
Sat.
G a lv eston ______
Port A rth u r___
CorpusClirlsti. &c
New Orleans___
M o b ile _________
P e n s a co la ______
Jacksonville, &c_
Savannah ...........
Brunswick______
Charleston..........
G eorgetow n ____
W ilm in g to n ____
29,331
Newport N .. &c_
New Y ork______
B oston_________
Baltim ore...........
Philadelphia____
______
_____
Total this week
71,054
____
14.209
3,548
M on .
Tues.
Wed.
Thurs.
F rl.
31,38-1
57,598
6,840
31,700
26,254
11,884 188,151
2,862
9,202
1,895
598
15,425 96,789
1,364 14,794
13,607
25
269
14,944 87,107
2.763
7,635
2,052
7,261
151
3,208 19,553
2,199 27,691
______
______
17,732
3.094
.
-
13.632
___
198
20,828
925
2,008
1,296
.............
1,297
24,083
2.621
13,607
46
10,060
4,872
520
151
2,830
5,815
- - - - -
18,299
3,208
15,112
3.217
4,712
______
1,856
5,529
4.839
6,543
______
______
_ _ ___
___ __
______
- - - - -
7,04 i
959
______
12,531
460
_____
3.603
2,893
______
.............
166
79,232 115,652
97,702
5
561
5
561
.............
—
53,741
______
- - - - .
______
10 0
57,390 474,771
The following shows the week's total receipts, the total
since Sept. 1 1906, and the stocks to-night, compared with
last year:
R e c e i pts to
N ov.
2.
1906.
T h is
w eek .
1905.
S in c e S e p
T h is
S to c k .
S in c e S e p
1 1906. w ee k . 1 1905.
G alveston. ____ 188,151 1,114,456 105,488 941,776
P o rt A rth u r..
9.202 22,102
16,117
8,535
Corpus Christi.&c. 1 ,895
8,296 3,876
New O rlean s____ 96.789 452,344 65,484 269,236
M obile.................... 14,794 62,449 12,018 89,058
Pensacola. ._ .. 13,607 24,526 9 ,40S 31,032
250
269
700
2,359
Jacksonville, <£c_
S a v a n n a h .. ____ S7.107 545,090 67,489 651,181
Brunswick
. 7,635 35,914 8,215 40,923
Charleston ............ 7,261 66,834 10,314 98,391
G eorgetow n_____
151
334
139
W ilm ington_____ 19,553 153,030 28,871 173,208
N orfolk. _______ 27,691 142.035 32,047 236.945
_____
1,082
N ew port News__
171
1,431
New Y ork_______
532
Boston . . ______
66
5
203
5 678
B altim ore__
561
3,195
507
4,823
800
100
169
999
P h ila d e lp h ia ____
T o tal_____ ___ 474,771 2,633,253 344,600 2,572,363
Ger-
Cleared for —
Other
v N ov. 2 at— Britain. France. many . Foreign
New O r l e a n s . . 6 ,6 2 3 1 1 .591 9 ,49S 14,473
G a l v e s t o n ----- 7 9 .3 4 4 3 6 ,0 7 2 4 6 ,6 3 5 2 ,4 9 6
S a v a n n a h ____
C h arlesto n ___
M o b i l e ________
N orfolk ______
New Y o r k ____
O th er p o r ts __
T otal 1 9 0 6 -.
T o ta l 1 9 0 5 . .
T o t a l 1 9 0 4 -.
8 ,3 0 0 2 ,6 0 0 8 ,8 5 5
_____
_____
750
1,590
1.0 0 0
5 ,0 0 0
1,500
13,00 0 1,0 0 0 1 2 ,0 0 0
1 1 4 .8 5 7 5 3 ,5 1 3 8 2 ,7 8 8
1 17,670 3 0 ,1 6 5 4 1 ,4 6 9
87,16 4 2 2 ,0 4 3 6 2 ,2 3 0
Coastwise
.
Total.
292
8 ,0 5 8
8 ,9 7 6 2 ,7 0 0
2 ,5 0 0
l ,475
1,6 6 6 2 0 ,9 5 6
4 ,2 0 0
4 2 .4 7 7
1 72 ,605
31,431
2 ,5 0 0
7 ,6 1 5
2 2 ,9 5 6
12,70 0
^ 2 ,0 0 0 — 2 8 ,0 0 0
3 3 ,1 4 5 35,98 1 3 2 0 ,2 8 4
3 5 ,5 7 8 4 5 ,1 3 0 2 70 ,021
4 2 ,3 5 0 19,801 2 3 3 ,5 8 8
Leaving
stock.
1 3 2 ,9 6 2
1 9 4 .3 4 6
1 13 ,384
2 0 ,2 1 8
2 6 .6 0 3
1 8,34 7
7 9 ,6 1 7
3 0 ,8 4 6
6 1 0 ,3 2 3
7 3 4 ,2 3 7
5 5 1 ,4 3 7
Total.
______
- - - - -
___ __
- - - - -
Great
Arof
1906.
366,951
1905.
240,200
175,439
34,218
143,467
52,649
Speculation in cotton for future delivery has been only
moderate at best and as a rule small, while prices have on the
whole declined, mainly owing to very large receipts. These
have exceeded all former records, not excepting those of two
years ago in the year of the high-record crop. The quantity
brought into s'ght for the week was the largest ever known,
even exceeding that of last week. The weather has been in
the main favorable for moving the crop, though killing frosts
have occurred in some parts of the belt. The weather, how
ever, is becoming less of a factor in the market, being dis
placed as the season advances by considerations as to the
size of the receipts and the state of the spot markets. The
receipts have been so large that many are disposed to favor
increased crop estimates. Neill Bros, of London estimate it
at 13,000,000 to 13,500,000 bales. Farmers have shown a
willingness to sell pretty freely and market the crop as lapidly as possible, especially as spot prices have held up rather
better than futures. The trade is disposed to look for lower
prices if receipts continue anything like as large as they are
now, especially should the ginners report to be issued on
November 8th show’ any very large increase in the ginning,
as many believe it wall. Meantime long liquidation and
“ hedge” selling have had a more or less depressing effect and
another distinctly adverse factor is the continued indiffer
ence of the outside public to the speculation. To-day prices
declined, owing to low^er prices in Liverpool and the K . M
Giles report putting the condition at 70 % against 68.4 on
October 18, 72.1 on Sept. 30th, 68 on Oct. 31 1905 and 72.1
on the same date in 1904. Spot cotton has been dull during
the week. Middling upland closed to-night at 10.40c. which
is 25 points decline for the week.
The rates on and off middling, as established Nov. 18 1903
and reaffirmed Nov. 15 1905 by the Revision Committee,
at wffiich grades other than middling may be delivered on
contract, are as follows:
144,815 171,804
18,517
9,520
22,718 47,539
30,440 43,779
41,303 51,303
92,317 229,378
1 ,S06
4,109
2,623
4,617
5,460
5,893 Fair -------------- c. 1.30 on| Strict low mid __c. 0.14 off! Middling tinged.c. 0.12off
mid. fair__ 1.13 on (Fully low mid____ 0.26 off (Strict lowmid. ting. 0.34off
936,607 1,004,258 Strict
Middling fair____ 0.96 on|Low middling____ 0.3S off) Low mid. tinged . . O.SOoff
Barely mid. fair.. 0.79 on! Barely low mid__0.55 off|Strict g’d ord. ting 0.84 off
Strict good mid__ 0.62 on'Strict good ord___ 0.72 off | Fully mid. stained 0.42 off
In order that comparison m ay be made with other years, Fully good mid— 0.53 on| Fully good o rd ... 0.86 off] Middling stained-- 0.50 off
Good middling— 0.44 on! Good ordinary__ 1.00 off | Barely mid. stained 0.78 off
we give below the totals at leading ports for six seasons:
Barely good m id.. 0.33 on| Strict g’d mid. tgd. 0.30 on| Strict low m. stain 1.06 off
Strict middling— 0.22 onlGood mid. tinged. EveD| Fully 1. m. stained 1.28 off
M
iddling----------- Basis! Strict mid. tinged. 0.06 off | Low mid. stained. 1.50 off
1906.
R e c e i p ts at —
1905.
1904.
1903.
1902.
1901.
this basis the official prices for a few’ of the grades for
G alveston,& c. 199,248 109,364 133,427 161,442 102,090 90,947 theOnpast
w^eek w’ould be as follow-s:
New Orleans . 96,789 65,484 114,584 105,936 105.629 97,303
14,794 12.018 14,115
Mobile
9,935 11,492
9,688
Savannah __ 87 107 67.489 77,720 57,800 50,131 72,058
Sat. Mon. Tues. W ed. T hurs. Fri .
U PLA N D S.
Charleston,& e
7 412 10,314
8,032 12.S03 10,747 16,287
W ilm ing’n.& c 19 553 28,871 15,872 26,772 12,786 17,626 Good O rdinary _______ 9.75 9.50
9.50 9.50 9.40 9.40
N o rfo lk .......... 27.691 32,047 31,442 23,050 16,795 22,797 Low M iddling. _____ _ _ 10.37 10.12 10.12
10.02 10.02
564
182
171
N port N.,<fcc.
1.878 M id d lin g ________________ 10.75 10.50 10.50 10.12
263
10.50 10.40 10.40
All oth ers____ 22", 177 18,842 33,843 14,812 10,391 25,046 Good Middling _ __ __ 11.19 10.94 10.94 10.94
10.84 10.84
11.71 11.46 11.46 11.46 11.36 11.36
T o tal this w k. 474,771 344,600 429,599 412,566 318,686 355,434 M iddling F a ir. _____
G ULF.
Since Sept. 1. 2.633,253 2,572,363 3,076.808 2,392,147 2,575,662 2,412,546 Good
O rdinary _ ____ __ 10.00
9.75 9.75
9.75 9.65
9.65
Low M iddling _ . . . __ 10.62 10.37 10.37 10.37 10.27 10.27
M iddling________________ 1 1.00 10.75 10.75 10.75 10.65 10.65
The exports for the week ending this evening reach a Good
M iddling _______ 11.44 11.19 11.19 11.19 11.09 11.09
total of 352,741 bales, of which 158,166 were to Great Britain, Middling F a ir_________ . 11.96 11.71 11.71 11.71 11.61 11.61
55,452 to France and 139,123 to the rest of the Continent.
STA IN ED .
Below are the exports for the week and since Sept. 1 1906:
Low M iddling________
9.00
8.90
8.90
9.25 9.00
9.00
M id d lin g _______________ 10.25 10.00 10.00 10.00 9.90 9.90
10.06
Strict
Low
Mid.
T
inged__
10.16
10.06
10.41
10.16
10.16
Week ending Nov. 2 1906. From Sept. 1 1906 to Nov. 2 1906.
Good Middling T inged____ 10.75 10.50 30.50 10.50 10.40 10.40
Exported to—
Exported to—
Exports
from—
Great
; ContiBritain. Fr'nee nent.
1
Total.
G a lv e sto n ____ 88,389 11.985 5.185 105,559
P o r t Arthur2,362
6,840 9,202
____ - - - - - _____
Corp.Chrlsti.&c
N ew O rleans.. 9.760 27.996 35,403 73.159
M o b ile_______ - - - - - 7,740
7,746
P e n s a c o la __
14,007 14,007
_____ __
Fem andina . . ____
Savannah ____ 10,962 4.475 44.S38 60,275
Brunswick____
7.814 7.814
___
Charleston____
W ilm ington.— 28,191
IO.066 38,191
N o r fo lk ______
727 1,726
999
N e w p o n New19
19
N ew Y o r k ____ 5.288 3,250 3.503 12.036
B o s t o n ............. .5.479
300 5,779
B a ltim o r e ____ 5.778
5.404 11.182
Philadelphia . .
914
944
Portland.Me .
San Francisco.
27
27
S e a t t l e _____
3.383
3,383
T a c o m a .............
1.692 1.692
Portland. Ore.
P e m b in a _____ - - - - D etro it_______
T o t a l ............. 158,166
.55,452 139,123 3.52,741
_
Total 1905____ 71.642 31.219 117,223 220.084
Great
Britain. France.
383.038
2,362
_____
102.603
9,252
11.069
55,146
16.106
______
62.662
2.367
19
70,948
27.513
21.586
11,597
Continent.
91,461 209.424
IS,840
1.042
69.341 99.306
1,046
7.746
300 14,507
17.215 181,316
7.814
59,630
............
1.487
7.962 54.882
2,526
............
18,986
200
—
______
16.589
7.707
2,994
—
NEW Y O R K QUOTATIONS FOR 32 Y E A R S .
The quotations for middling upland at New York on
683.923 Nov. 2 for each of the past 32 years have been as follows:
2 1,2 0 2
1,042 1906.c ._ 10.40
I 1 8 9 8 .C .- 5 5-1 6 |1 8 9 0 . C ._ 9 %
J 1 8 8 2 .C _ .1 0 H
1 1 8 8 9 _____ 10 5-1 6 J1 8 8 1 ______11 %
J 1 8 9 7 ____ 6
271.250 1905____10.95
1904____10.15
1 8 9 6 ____ 8 3 -16 1 8 8 8 _____ 9 13-16 1 1 8 8 0 ______ 11 1-16
18,044
[ 1 8 9 5 ____ 8 1 5 - 1 6 ( 1 8 8 7 ___ 9 %
1 8 7 9 ____1 1 5 - 1 6
25,876 1903____10.50
( 1 8 9 4 ____ 5%
1 1 8 8 6 _____ 9 3 -16 | 1 8 7 8 _______ 9 7-16
- - - - - - 1902____8.65
1 1 8 9 3 ____ 8 5-1 6 | 1 8 8 5 _____ 9 H
| 1 8 7 7 ___ 11%
1
253.677 1901___ 7 %
1 1 8 9 2 ____ 8 7 -1 6 1 1 8 8 4 _____9 %
1 1 8 7 6 ____1 1 5 - 1 6
23,920 1900____9 9-16
______ 1899____7 7-16 1 18 91 ____ 8 5 -16
| 1 8 8 3 ____ 10 9-1 6 11 8 7 5 ____1 3 %
122,292
M
A
R
K
E
T
AND
SALES
AT N EW Y O R K .
3.S54
19
The
total
sales
of
cotton
on
the
spot each day during the
133.792
30.039 w'cek at New York are indicated in the following state
40,772 ment. For the convenience of the reader we also add
11.597
- - - - - - columns which show at a glance howr the market for spot
16.589 and futures closed on same days.
7.707
2.904
Total.
Futures
Markt t
Closed.
Q u ie t..........................
Q u ie t..........................
Q uiet 10 pts. dec.
Q u ie t...........................
S tead y ______
S tead y ______
S tead y ______
S tead y ______
"456
- - ::::::
776,718, 194.225 698.0'6 1.069.039
S a tu rd a y .. Quiet 10 pts. a d v .. S tead y ............
623.954 216.135 715.232 1.555,321 M onday__ Q uiet 25 pts. dec. . S tead y ............
"
’ 456
Tuesday ..
W ednesday
In addition to above exports, our tehgrams to-nrght also T hursday give us the following amounts of cotton on shipboard, not F rid ay ____
cleared, at the ports named. We add similar figures for
T otal _ ..
New York.
Spot Market
Closed.
—
Sales of Spot and Contract.
ConExport sam'n.
—
Con
tract.
Total.
3.300 3.300
K2 00 i ,38 i
3,000 200
200
184 8,600 8.784
" 184
'O
M ovem ent to N ov. 2 1900.
Toiii/Jx,
r 0
a:
co
Week.
Eufaula,
M ontgom ery,
Selm a,
Helena,
Little H ock,
A lban y,
Athens.
A tla n ta ,
A ugusta,
C olum bus,
M acon ,
R om e,
Louisville,
S h rev ep ort,
C olum bus,
Greenville,
G reen w ood .
Meridian,
N atch ez,
V icksburg,
\ azoo C ity .
St. Louis,
R aleigh.
C in cin n ati,
G reen w ood ,
M em phis.
N ashville,
Brenham ,
Clarksville,
Dallas,
H oney G rove,
H ouston,
Paris,
i
£
CL'
>>
oc
"O o
C
£
n
£
0
c
c be
‘ 55 '5
TJ
£
£
J*
0
0
>
cc
r*
©
oc
Ah
bf
K
a-
m
ft ri
C 0^
0 0
i_ 0
o -ri £
0
0
A
O
Ph
w
o
fe ri E
cc ^0 S
ft:
Cu
C. w a:
w
H
O
i— i
Season.
S hip
ments.
Week.
Stocks.
A' or.
2
R eceipts.
Week.
S eason.
i
0
Receipts.
A labam a _ ________ _ •*
•*
A r k a n s a s ______ _ *•
Georgia
__________
•*
•.
**
•*
•*
K en tu ck y , n e t ______
Louisiana .
________
Mississippi _ ________
M is s o u r i______ ______
N orth Carolina
Ohio
.
.
.......
South C arolin a ______
Tennessee ...................
'*
T e x a s ._______________
**
*1
1*
T o ta l, 33 tow n s________ __
Saturday,
Oct. 27.
r£
H
ko
M on d a y,
Oct. 29.
2,000
8,333
7,109
2,2 0 0
12,523
1,774
7,890
10,543
21,950
3,185
4,152
3,325
253
11,224
3,810
2,209
4,900
5,412
4.197
4,234
3,721
22,643
4.58
3,872
878
44,390
920
555
3,275
5,891
2,422
125,521
4,932
13,910
1,800
63,705
5 ,0 31
50,530
5,522
1,700
8,290
47,410 11,047
14,173
1,088
42,343
0,943
39,030
8,423
159,407 15,702
21,490
1 ,092
33 ,099
3,199
15,128
2,923
027
250
08,704 10,132
13,720
1,093
11,809
2,069
18,320
1,400
22,908
2,039
26,327
2,826
17,019
2,199
15,132
1,729
64,123 23,128
7,095
856
16,390
3,320
7,248
597
125,749 24,508
1,208
774
12,446
404
18,826
2,145
40,875
5,406
14,87*4
2,319
919,533 114,217
51,881
5,707
3,847
1,045
18,430
9,159
9,252
5,214
5,068
4,265
27,394
1 1,155
2,094
1.107
10 ,0 11
0,751
2,304
1 1,092
19,264
40,410
4,292
11,150
5,407
3 ,070
2,838
4,573
10
291
14,915
7,516
3,084
7,256
4 ,000
5,666
9,070
4,000
10,042
5,441
3.200
9,230
10,945
4,241
8,995
4,368
12,805
8,124
924
980
10,807
1,240
1,425
2,983
00,230 41,725
1,004
070
2,085
407
2,000
5,491
8,008 I 4,852
1 ,500
3,791
66,727 117,578
7,352
5,000
15,029
1,473
92,059
8,005
55,790
0,002
15,288
2,915
34,704
0,179
17,103
826
47,781
5,598
26,456
3,804
211 ,030 15,403
43,420
2,545
39,353
2,906
3,141
1 0 ,0 1 0
291
1,469
29,781
3,799
12,081
701
13,287
2,047
17,350
2,900
26,116
2,819
1 ,901
1 1 ,595
13,960
1 ,472
10,790
1 ,121
53,465 10,551
5,769
725
18,199
1 ,427
9,200
1 ,008
150,881 40,714
800
3,840
451
6,273
1,500
4,263
32,681
4,153
7,984
1 ,000
877,479 102,652
3,500
23,823
£,
b£
b£
CQ
w
B
Oct.—
R ange
Closing
N ov .—
R ange
Closing
D e c.—
R ange
Closing
J a n .—
R ange
Closing
Feb —
R an ge
Closing
M arch—
R ange
Closing
A p r il—
R ange
Closing
M ay—
R ange
Closing
Ju ne—
R ange
Closing
J u ly—
R ange
Closing
August—
R ange
Closing
S ept.—
R ange
Closing
p
Tuesday,
Oct. 30.
W ednesday,
Oct. 31.
T hursday,
N ov. 1 .
^1 s&
g
>>
£ i—
H bjO
•S
W eek.
’ ri
P
Q2
CO co
—
@
— 10.06 @ 1 0.17 10.12 @ 1 0.17 1 0 .1 3 @ 1 0 .2 2 —
—
—
10.15— 10.20 10.04— 10.06 10.06— 10.08 —
©
10.06 @ 1 0 . 2 2
—
—
—!
—
1 0 . 2 1 @ 1 0 .2 2 10.04 @ 1 0.17 1 0 .0 6 @ 1 0 .2 5 10.02 @ 1 0.17 —
@ 1 0.14
1 0 .2 0 — 1 0 . 2 2 10.06— 10.08 10.08— 10.10 10.09— 10.11 10.03— 10.05
9.91 @10.04 9.91 @ 10.25
—
—
9 .90— 9.92 —_
1 0 .2 2 @10.31 10.05 @ 10.21 1 0 .0 5 @ 1 0 .2 5 10 .0 0 @ 1 0 . 1 2 10.01 @ 1 0.14
10.24— 10.25 10.09— 10.10 10.08— 10.09 10.09— 10.10 10.03— 10.04
9.86 @10.01 9.86 @10.31
—
—
9.87 @ 9.88 —
1 0.3 0@ 10 .3 9 10.11 @ 1 0.30 1 0 .1 3 @ 1 0 .3 4 10.07 @ 1 0.20 10.07 @ 1 0 .2 3
10.32—
— 10.16— 10.17 10.15— 10.16 10.17—
— 1 0 .1 0 — 1 0 . 1 1
9.91 @10.08 9.91 @10.39
—
—
9 .93— 9.94 —
_H
bC
1 0 .4 7 @ 1 0 .5 6 1 0 .3 0 @ 1 0 .4 8 10.31 @ 1 0 .5 3 1 0 .2 5 ® 1 0 .3 7 10.25 @ 10.41 10.07 @10.25 10.07 @10.56
—
—
10.50— #0.51 10.34— 10.35 10.33— 10.34 10.35— 10.36 10.27— 10.28 10.09— 10.10 —
—
@ 1 0.57 1 0 .3 7 @ 1 0 .4 8 1 0 .5 0 @ 1 0 .5 2 10.38 @
— —
@
— 10.19 @10.22 10.19 @10.57
10.51— 10.53 10.37— 10.39 10.37— 10.39 10.38— 10.40 10.32— 10.33 10.13— 10.15 —
__
—
1 0 .5 6 @ 1 0 .6 4 1 0 .3 9 @ 1 0 .5 6 1 0 .4 2 @ 1 0 .6 2 1 0 .3 4 @ 1 0 .4 7 1 0 .3 4 ® 1 0 .5 1 10.16 @ 10.34 10.16 @10.64
10.58— 10.59 10.44— 10.45 10.43— 10.44 10.44— 10.45 10.36— 10.37 1 0 .2 0 — 1 0 . 2 1 —
__
—
—
@
— —
©
— —
@
— 10.22 @ 10.38 10.22 @10.38
@
— —
@
— —
—
—
10.60— 10.62 10.47— 10.49 10.46— 10.48 10.47— 10.49 10.40— 10.42 10.24— 10.26 —
1 0 .7 0 @ 1 0 .7 2 1 0 .4 9 @ 1 0 .6 4 1 0 .5 2 @ 1 0 .6 7 10.45 @ 1 0.54 10.46 @ 1 0.60 10.27 @10.40 10.27 @10.72
—
—
10.68— 10.70 10.53— 10.55 10.52— 10.53 10.55— 10.55 10.45— 10.47 10.29— 10.30 —
—
—■
@
@
— —
— —
@
©
— —
— —
®
©
— —
— —
@
®
— —
— —
@
©
— —
— —
@
@
— —
— —
@
©
—
—
°
-g
CO
H
H
O
O
p
s
03 rri
H
o
£
p
£
-p
£
o
co
H
d
*0
>s
W
w
CD
.
a
CD
.2"o6
CD
CD
Ph £
O O
fH O
ri
H
fc £
a
£
q;
r£
ft
u -2
CJ
>
O
p
CO
£ ^
bJO ^
£
cd
0
P>
CO
cjj
0
^
I
I
*
^
d
2
S
0
PO
Qj!
w
H
>
o
o
^
0
H
a£
PP
AH
p
£
O
c£
£
O
CQ
AH
-P
£
r£
p
0
co
>o £
H
ffi r ^ (—H
Eh
a g
£ ^
0 o
P p
(i) iO H H
2
^
CQ
o
©
©
X
p
o
p
© © © ©
© © © ©
o © ©©
CMX oo X
© CMCM
T-H
X
©
©
©
X
©
©
©
o
p
©
©
o
p
rf ^
p
. oo © © co x p
^ CMCMp X CC©
CM
d) H COCOCMx x
p
fe p x
CMr-t x
X
CM
X
X
I 1,1 1 III 1
1
r 0
^ OQ
.2
0
p
0
P
h.5
c3 co
Sb
0
0
^
S
,
o c o
.o o o
A O ° .0 C3.
o LOCOco
'O
a
^H
^
<u
„
c! 1 p 5 o o .3 2
.'g C Q O tf J u O
> ;| > > > > > >
CQ
CO
eg 0
c3 p
© ©
© ©
© ©
F- to
CM
“ = S |O
^
mS h
h >2
© © © rH to X
© © © os p 0C
© © © CCCMto
t'- r^- © OOl> CC
P I>
X © p
X rHto P
©
©
O
©
p
CM
© © ©
© © ©
o © ©
P cC X
Oi CM©
X
©
©
o
rH
<o
CM
©
© © © p to X
© o © © © © CMto oc
© o © © o © © CMP
P OSOSCMo
P I'- P
P
CMP CMX oo X rH
to
00 rHrH P
o o o o o
O O O O O'
oooq o
0 0 0 0 0 0 0 0 0)05
O O O O O O jOQOH
o qqo^ qqcM ot>
rH CM CO
rH rH rH
p
C0OOCM05C0HrH00
COOPtOCDOOrHCO
o
CO
COOP
o o o
o o o
o o o
OOOOO
o o o o o
O' o o o o
O H H cm rH
JO
co
o o o
ooo
ooo
P
CM
co co h
P
0
p
CO CM cvj
CO CM P
CO
cm
TH
oooooop cor-
O O rH O O O O O O O
O O O O O O O rH tH
00CMrHTj<05rtCC00O
H C O O ^ H T rtO ^
iO 00 H r t O )^
i V 02
i a, Oh
Io o
o p p
PhP p
PWW,
C/J
■p
p
o
a,
IS
c3 t , i ' ■ .
.£ bJO '
P
Ah
! O h
CO
CD
CM
q
r—
1
CM
' “ g
C
J33LA!rpd)d)c
'3+->
rH
P ^
< H
p m
CD
D fi g
CD C<
O o
f t ))<
«e p o
. _
o c D ^0o ^ ^c«ced <
odp
p p p p p p p p
£j33idA23iJj23J£lJs3^1
H po po po po po po po po
P OOOOOOOO
CQCQCQCQCQCQCQCQ
© p ©
JO
© X CO CM
COcD x
P
P CM CO
. ijfi i i
i
00
os
(-*
p
p
i
cD c c £
P
A3 O
* A
A3 O
rH O
<D O
—T^ PCQCQp
8
» . s s
coo o a to o c
O O O O COCMCO
os p i> rr oo i> oo
OnhCM ON
rH rHIh O CO
COo
tO
5 3 0)05
o ft 0O0O0O0 O
p P Tjt
Op q q q q q o t >
«CM8«D F- O P O M* th cC
CPOJtOOHCO
00X3 P CMO O P
P CD
P A3
CD
o o o o r-p rr
O
O
O
O
rH o o oo
t > ' 0 rH
CM l > C5 H CC 0 0 o
CM TH CM O O O T f
CM
i— CO 0 5
•
> ; CD
- s
f l gC cqf3^ P ,
g PQ P P P P S
O O O oCQ
f, W W
h £ g L
CTO
o W
o O .
A3 h
0*P J-.
<IHCQ(/2C/}CQP
P -P
CD
d> d>r
o :« c o
^ ^ ,0*00
^*JeNlrl®
0
cD jn AN 0£
£
cD M
fl 0
cD 0
O
£
rfto rI>. CO-t
p
0 cd O
co 0
bQ
0
0
rO
CO
§3
^32 2
o 2 2 «3 o
§j£ft
o CI bCD K K O
3
a;
^
0
?“H
<D
<D
o
_
c:
... .&
bl
b/)
£
C
M5
P
.-.2
1 -S2 SS,
■° o
£Z
b/)+H
a Op
«
O 0 CD 0 CD T? P
o .y
£
a3 5 « §
4-H
r^ 3 § g C
Ah CD
•P
k
W. • CM
COIWrtrtNNO
I> CM O P
OOOOOOOO
O O' O' O O O O o
OOOOOOOO
ts P P 0 5 0 5 N O ts‘
M1T- CD P CMr-
CDA, p
+_- d ) r-H
r- Ah
O
2
*53 ° d
o ^
0 5 01 0 5 O
th co
^ r}t £>. Tf CO
rn I>- CO 05
^ iCiO ^
bJO
"go
-P
£
0
rt CO
Io o o o
I Kizjfc'.Z
0
^
P
T f CO C' l T-H
J -O O O O
05 05 05 05
O ' rH
J^-d C'o-d'd'd m
00 rj p CDo— V
voe
C\« 0 0 £
0
' Ol 0 H r~ t'\»\
O p ’ r H- 1H 05' P J-O
^ LQ CO
rO 0CD ^ tH
T}< r H
o Ix
W
CTj AD
00
£
O
O p , t‘Tx: O'd'd'd'd O
O F^ i ^ p v / p \. •v'. O A0h
O CO
O' OO
t—
i 05
05
O CD
CMP
050
t
»
rH
?d P
P
F^ , 0 50 ' O P
Dl 'O Ah O
_i
H
CM
o
£
bjj
O CD
005
£
0
^
CI'O
) Ox3'C£'0
aj 0 O -H
\eeC \
w\<O rHci
P ^
2 g
£
o 'V
p o
P
*P
rH
M p'H ’ 00 05’ 05
0 •rH
CMO
F" rH CO
£
P
p £ ^
OOOOOOOO
OOOOOOOO
OOOOOOOO
OOO
OO
o d o d 'C x d
05 P
l> P
X • * i ‘ it
TM
0 5 'Cf
0 0 CD rH rtf
rH P
ft
0 ^ £ be cD
i 4) ° Cdi£
1I O
ft «^Dw*3A3
qo
OP
PP
5 * oo
p
o CD o CD CD
' OGXrH Is- tt rH
O
H P
O p
rH
OC P
05
P
o
£ o
O Ph
.O A
P3 h . O
^ &>
o ft o ,
P-A^ > £
,H
H * 1— -H
K' O feftx3 O ft
^>53 .
ft£ *Z A3 ft 2 £
■w 2 3 ^
*0 p cD
So X3 £ g £ 2 3
Ah CD
/0 P n A
« s S § » & -8
5 ftft'g/? p °
I Ah r ^ P
)
i g £<m
CO
fH J* »> r>
OOOOOOOO
O O O O O O O 'O
q c q q q q q o
PPPC5CDCMC5P
OCCM CMCDP 05 CD
T f CD Hji p
F - rH
p
05r*-
, ‘ t o 0 5 JO 0
o ll I I I
A
A3
3 +C3 O
Oh
D Do
PP^
I nn
•■S'D COCJT-t
CQOOOO
h
S *rH
ri
A
O p
.. >1
rij CD
0X3
2 6
3 .2 t
2 o
g f t P.
o o o g 2 c: «
oo: c •- p<*1
x:
oa o.£
gCQCQW
\ ^ s s . ••
£ ^ o <;p p p
o
£
O
t>
Co o o o o
•r-H
CM
OOOCOOOO
O O O O O O ’OO
OOOOOOOO
P TH
CO
P
Tj
£
£
£
0
OSt-h
O CM
iq cd
Fh 0
to co
JO
f hOO
CM " d
CM
£
J
05 dL
—*
w
a
X
0
co .rfeornoo
K.*
£ 3v
d. K
H** K
r** k
H*! r*
to co
o co rHCM
^OH ^f
JHOOO
ci f>* rH1-Hrr
^ COCOCD
^Q
T_
^CD'tO'N
rn«0 CO«OC
^OHO^T
©
F©
00
CC
CO
0
>s
P 00 COCMci
•.O T 40 CO
t"
p
p
05
CM
X
COC\]
O CM
OS
P
2 j>> o, CD
P c3 Q 0*
£0
v V
OO
o S cd-2
S o • •43
ftcDp°C
cd
O
b£
a
>
a3
O
P
O C O O H t C T f
O
O
bO 0
bQ O
bD CO
£
£ C& P £
O ^ £ co
bJO iO
0 CO
r-H
o d ^ 15
<J
<P
o
S O pj
Ah g
' +H
S
gg33w ^5
2 ° O P ;C
fH
fl .
O 143
o S3
<OpJ
CMP
JO CD C O O O lO O tT
I'-CO O O O C N C c C
O 0 O O O O OCM co
r- h rr co cm <35ao t-Hp
05
CJrHCl cm co H tH
rH CD co rHCOl> P
OOP
§3
vg
£©CM ©
ft £ cm ©
X CMX
p
«
bti 00
£ -
c3 0 0
CO
£
co «
0 0 0
rcd
CO o
C°D•«
o ^
O £^ sCD
5S D O 7j
O^
HO
.: © oo o
« O
0
b0
Jd <3
2
CO
°°.'CD
CO
0 « o
ci o
?> II
^ .£
2H
2H
O co J
COs~ Pro „
s ° C5 o
fc>/- R.'d
Oj '
_ Tj
di
0
£
r£ 0
co 0 rp 0
0 p
r£
: op
- - , +o
Td H
O
CD
So 0 ri
r^ 0
£ r
rH
£
bJO £
bp
*0 O ^ £ § p p p
P -P £ ^6 I
cd 3
o
3 § OOO
0 Si ■oP o+Ho-|H
£
wcqt:
£
cC Fto X X
o q q
X COco
h
CO
O
*:
X
o
T3
£
£
P^
0
>
1to
1p
Ip
i lf,5
ix
[x
1P
COX P .
THCO © i
COCM rH 1
CMrf ift !
x ,o to ,
X
X
S ■p X o
x£l
S
COCM©
X rH
£ . p co ©
q<q
CQ P. CM© r-H © p
ft X © CM COX
CQp
x
©p
P
CM
0
to O COp
CM CDP O
OS OStO th
CD
CMX
CM
to
1O COCDO SOCM X
lO ^ OGCOyc CM o
CQU O J ^ h c OlDN x
o h
CO p
CQ
rH
I
ri^ O 0
0 -p ci
r
© © © © © ©o
© © © ©© © ©
© © © © © © ©
X cC CM © OO
rHrH
CM X
rH
©
©
©
0
X
©
©
©
©
rH
0
h
PO®rHTfr, 0
« -2
«^ 02
HH rj
©
©
©
p
X
rd O o c h
P-l ® 03 rt M
rHo)
b£) 0
£ £
j£
CO O
£
^lOCSOOMOC
w
«”
iO p
K^l ' '
B ^
§ H
©©
©©
©©
os l'T
—1rH
£
LOCMco
o r-f<o
0
p
rH-rt cO
0
■P
r£
p
rO
rH
P>
CO
C3
CMCDCM P>
P CDO) X
rH
q o q
CMP 0
CM
tH
CM
2
2
0 ^
£ —^
CO >s
£ h ■£ £
ooo
O
o o o
£ £ P
CO
•3 o ° . 0 £
h
0
0
^'cCrTr-H-fiOO CM
o0
« CDCOC\J O
I P -J O COO t-hiO«M p
•°' ^ M O o -r o H 00
o § «
rH es] r H
I P.
£
+>
P5
ft CO
£
0
PP £ p
Ph
0 Sb 9
m £ £
>
P
-Th
CO
rS 0
H ri r£i S rCj
W £ £
(H
£
CO
CM
CO CO
CO’
o
1 0.4 3@ 10 .4 4 —
©
— —
@ 1 0 .2 6 10.26 @
— —
©
— —
@
— 10.26 @ 10.44
—
—
10.40— 10.42 10.26— 10.28 10.25— 10.26 10.27— 10.29 10.18— 10.20 10.01— 10.03 —
P
O
£
£
So § 'r; ^
*sI g
c
-p
0 a a
O OQ
0
0
co CO r^i
bp
CD
£ O rj
^
s
^s
b6
Q
&
-Tj
^s
340,709 1,984.645 272,848 408,198 j299,516 1,952,187 245,229
w
w
h
i*H 0)
CD ^
00 .Er
CM ’©
CJ
Stocks
Nov.
£< o A0h
3.
r i 0-*
a.' r£ 0
3,872 r i
£
25,850
o • !? £ £
ril
o
10,848i 0->
~r^
0,759
CO
<D
20,717
Ah
CD £ O
5,408
0
21,817 ■r—I £
12 ,10 2
0 Tj
CO
81,0 12 -4~> ri CQ CD
£ £ *£
20,514
11,708
0) 2 ^ r i
0 ,2 11
CO
r
30 ■4i-^ ^ - 2 *o
17,739
r i CD CM
8,907 -P
rH Q,
£
8,000
CM ^ r i
O
CD
8,500
£
17,782
0
0
6,500
£ CD
r
i
9,030
2 ri
1 1 ,256
0
03 2
12,153
!-CO p£
878
ri
10,534 'S 0
0
->
C
h
3,366
CO
O
55,947 -p
£
1,963
W> 3 &
0
O
1,789
.5 _p -p
1 ,500 >
o
4,934 r i
CO 0
O
2,300
£ ri C
0
94,133
0
7,000
co CO -2
C3 0 C3
511,089
£ g ^
0 r i C3
M ovem ent to N ov. 3 1905.
a S -g
!| | g
c3 c
r£ o
s
O -4
? s
CM<§
* th
&
.
^
r
.
W<
feeb£|p C .
>
cD£cD ^ AC
0) +H
>o o
O O 0X3X3 f t - cD H
X5X3 >>a O S
h h ^hx}
X bo O Ah,P
0
fe o O
035
O co
«
S§
^ o
0-- O
02 05
£ T-H
Oh
CO O
Q ^
Oh 2
ap
•£
Ah
0
P
0
Q Q
co 02
0
o £
rQ
£
CO
«T
CO
CO
0 o r\
"£ cp
0 rO
o Cft
CO
rO CM
£
bJD
THE CHRONICLE.
Nov. 3 1906.)-
1127
F o r t W o r th , T e x a s . — W e h ave had a trace o f rain on one
QUOTATIONS FOR MIDDLING COTTON AT OTHER
M ARKETS.— Below are the closing quotations of middling d ay o f the w eek . T h e th erm om eter has averaged 60, the
cotton at Southern and other principal cotton markets for highest b ein g 84 and the low est 36.
H e n r i e t t a , T e x a s . — W e have had no rain the past w eek.
each day of the week:
I
PI twin (7 Quotations for Middling Cotton on—
Week Ending i----------------------------------------------------------------------------Sat'dag. Mondag. Tuesdag. Wed’dag. Thursd'g. Frldag
if09. 2.
G a lveston _____
New Orleans__
M o b ile________
Savannah _____
Charleston__ .
Wtlmlugton___
N o rfo lk _______
Boston ........... B altim ore_____
HhUadelphla__
Augusta______ M em phis______
St. L o u is _____
Houston ...........
Little R o ck ____
10 11-16
10 9-16
10
io q
10 a
...
10 V4
10.65
11 's
11.00
10 K
10Vs
10
10 1-16
10 1-16
10 4
10 H
10.75
11
10.75
10 5-16
10 7-16
10 4
114
10 4
11 Vs
11 11-16 io ,q
10 4
io q
104
10 4
10 5-16
104
10
10 q
10 3-16
10 4
10 4
10.50
10 H
10.75
10 7-16
11
10 4
loq
10
104
10 5-16
10
10
10
10
10
10
10 4
io 4
104
10.50
104
10.75
10 5-16
104
10.50
10 4
10.65
10 5-16
10 q
10 4
11
10 4
io q
loq
10
10
10 3-16
10.4
10
10
10 4
10 5-16
10.-10
104
10.65
10 3-16
10 4
10 4
104
94
The closing quotations to-day (Friday) at other im p orta n t
Southern markets were as follows:
A tla n ta _______ 10 3-16 i Montgomery___ 9 H
Columbus. G a .-10
[Nashville______ 10K
NEW
ORLEANS
O P T IO N
[R a leig h _________ 10
[S h rev ep ort____ 1 0 q
M A R K E T .— T he
highest,
lo w e s t and closing qu ota tion s for leading op tion s in the New
O r le a n s co tto n m arket fo r the past w eek h ave been as follow s:
Sat’dag,
Oct. 27.
October—
R a n g e ......... ..
Closing______
December—
Range ______
Closing______
Januarg—
Range ______
Closing______
March—R ange............
C l o s i n g . . __
May—
Range ...........
Closing______
Tone—
S p o t________
Options _
Monday, Tuesday, Wed" day, Thursd'g, Friday,
Oct. 29. Oct. 30. Oct. 31. Nov. 1. Nov. 2.
10.27-.35 10.21-.23 — ® —
10.25-.26 10.24-.26 10.19-.20 — © —
— ® —
— © —
10.15-.35 10.05.25 10.09-.2S 10.07-.20
10.15-.16 10.15-.16 10. 10- . i l 10.19- .20
9 .9 0 .0 6
9.91-.92
10.24-.42 10.13-. 35 10.17-.3S 10.13-.27
10.24-.25 10.24-.25 10.17-.18 10.26-.27
10.43-.52 10.32-.54 10.36-.57 10.31-.45
10.44-.45 10.43-.44 10.36-.37 10.43-.44
10.57-.5S 10.50-.65 10.52.70 10.49-.55
10.57-.59 10.56-.57 10.50-.51 10.52-.59
Easy.
Easy.
Ba’ly s’y Steady.
Steady.
Steady.
H
O
L
I
D
A
Y
9.94-.12
9.97-.98
10.12-.28
10.15-.16
10.28-.42
10.29-.31
Quiet.
Steady.
Steady.
Steady.
R E C E IP T S F R O M T H E P L A N T A T I O N S .— The fo llo w
ing table indicates the actual m o v em en t each w eek from the
p lan tation s. The figures do not in clude overlan d receipts nor
S outhern con su m p tion ; th e y are sim p ly a statem ent o f the
w eek ly m ovem en t from the p la n ta tion s o f that part o f the
crop w hich finalH reaches the m ark et th rou gh the ou tp orts.
Week
end
ing—
Sept.
'
"
Oet.
"
"
Nov.
Receipts at the Ports.
1906. | 1905.
14 139,521
21 1S6.S45
28 275,149
5 312,437
2 345,062
19 371,658
26 454,749
2 474,771
215,738
244.124
290,585
34G.561
344,965
321.919
292,460
344,600
Stock at Interior Towns. Receipts from Plantat’ns.
1904.
1906.
187,343
289.148
438,253
401,721
384,830
393,639
396.318
429,599
121,033
142,464
173,861
196.718
228,538
291,529
340,277
408,198
1905. | 1904.
175,170
208,801
250,461
300,261
345,950
401,743
456.802
511.089
95,651
128,210
19S.611
265,160
329,075
422,250
488,779
547,266
1906.
1905.
1904.
159,843
208,276
306,546
335,294
376.882
434,649
503,497
542.692
238,238
277,775
332,245
396,361
390,614
377.712
347,519
398,887
205,041
321.807
508,654
468,270
448,745
486.814
462,847
488,086
T he a b ov e statem ent show s: 1 .— That the tota l receipts
from the p lan tation s since Sept. 1 1906 are 2,945,175 bales;
in 1905 were 2,948,275 bales; in 1904 were 3,561,814
bales.
3 .— T h at although the receipts at the o u tp o rts the past
w eek were 474,771 bales, th e actual m o v e m e n t from p la n ta
tions was 542,692 b ales, the balan ce g o in g to increase stock s at
interior tow ns. Last year receipts from the p lan tation s for the
w eek were 398,887 bales and fo r 1904 th e y were 488,086
bales.
T he therm om eter has averaged 54, ranging from 31 to 76.
H u n t s v i l l e , 'T e x a s . — W e have had a trace o f rain on one
d a y during the w eek. T he th erm om eter has ranged from 39
to 80, averaging 60.
K e r r v i l l e , T e x a s . — I t has rained on one d a y o f the w eek ,
the rainfall b ein g nine hundredthe o f an in ch . A verag e
th erm om eter 58, highest 80 and low est 36.
L a m p a s a s , T e x a s . — W e have had no rain during th e w eek.
T he therm om eter has averaged 61. the highest being 87 and
the low est 35.
L o n y v ie v f, T e x a s . — There has been no rain du rin g the w eek.
T he th erm om eter has averaged 61, ranging from 39 to 82.
L u l i n g , T e x a s . — I t has rained on one d a y o f the w eek , the
p recip itation reaching ten h u n d red th s o f an in ch . T he th er
m om eter has ranged fro m 43 to 80, averagin g 62.
N a c a d o c h e s , T e x a s . — W e have had no rain the past w eek.
A verage th erm om eter 57, highest 78, low est 36.
P a l e s t i n e , T e x a s . — There has been no rain during the w eek.
T he therm om eter has averaged 59, the highest bein g 78 and
the low est 40.
P a r i s , T e x a s . — W e have had no rain during the p ast w eek.
T he th erm om eter has averaged 61, ranging fro m 42 to 80.
S a n A n t o n i o , T e x a s . — R a m has fallen on one d ay during
the w eek, the p recip ita tion reach in g th ir ty .tw o hun dredth s
o f an in ch . T he th erm om eter has ran ged from 44 to 82.
averagin g 63.
W e a th e r fo r d , T e x a s . — W e h ave had no rain the p ast w eek.
A verage th erm om eter 59, highest 82, low est 35.
S h r e v e p o r t , L o u i s i a n a . — D ry all the w eek.
T he th er
m om eter has ranged t o m 35 to 77.
A r d m o r e , I n d ia n T e r r i t o r y . — R eceip ts are m od era te, as
farm ers and m erch an ts are selling slow ly since the decline
in the m arket. W eath er ideal fo r p ick in g , b u t la b or is
scarce. T he th erm om eter has d rop p ed to 30 th is w eek
with h e a v y frost.
N e w O r le a n s , L o u i s i a n a . — T here has been no rain during
the w e e k . The th erm om eter has averaged 62.
L e l a n d , M i s s i s s i p p i . — T here has been no rain during the
w eek. T he th erm om eter has averaged 5 3 .1 , the high est
b ein g 79 and the low est 35.
V i c k s b u r g , M i s s i s s i p p i . — T here has been no rain the past
w eek. T he th erm om eter has averaged 56, ranging from
41 to 73.
H e le n a , A r k a n s a s . — S plendid p ick in g w eather and co tto n
is op en in g n icely. M ost o f the available la b or is at w ork
gath erin g the cro p .
W e have had no rain since O ctob er
17th. A verage th erm om eter 5 2 .4 , highest 75, low est 35.
M e m p h i s , T e n n e s s e e . — Ideal w eather fo r m aturing and
gathering c o tto n since O ctob er 17th when last rain occu rred .
P ick in g and m ark etin g are m aking g o o d progress. T he th er
m om eter has averaged 5 3 .5 , rang.ng from 34.7 to 74.2.
M o b i l e , A l a b a m a . — Fine w eather in the in terior and p ic k
ing and m arketing have m ade g o o d progress. I t has been
d ry all the w eek. A verage th erm om eter 58, highest 78 and
low est 46.
M o n t g o m e r y , A l a b a m a . — W e have had no rain the past
w eek. T he th erm om eter has averaged 55, the highest bein g
73 and the low est 35. O cto b e r rainfall one inch and sev en ty three h undredths.
M a d i s o n , F l o r i d a . — D ry all the week.
T he therm om eter
has ranged from 40 to 74, averagin g 56.
A u g u s t a , G e o r g i a . — W e have had o n ly a trace o f rain the
past week. A verage th erm om eter 53, highest 76, low est 34.
S a v a n n a h , G e o r g i a . — There has been no rain during the
w eek. T he th erm om eter has averaged 57, the highest
b ein g 76 and the low est 40.
C h a r le s to n . S o u th C a r o l i n a . — W e have had no rain during
the w eek. The th erm om eter has ranged from 42 to 76,
averaging 59.
G r e e n w o o d , S o u th C a r o l i n a . — W e have had no rain during
the w eek. A verage th erm om eter 51, highest 64, low est 39.
S ta teb u r g , S o u th C a r o lin a . .— H ea v y k dling frost on low
grounds T hu rsday m orn in g, bu t no c o tto n in the fields to be
hurt. W e have had no rain the past w eek. T he th er
m om eter has averaged 44, th e highest b ein g 70 and the lo w
est 33.
C h a r lo tte , N o r th C a r o l i n a . — Farm ers are h old in g their
c o tto n . There has been no rain during the w eek. The
th erm om eter has averaged 52, ranging from 32 to 73.
T he follow in g statem ent we have also received b y te le
gra p h , sh ow in g the height o f rivers a t the poin ts nam ed
at 8 a. m. o f the dates given :
W E A T H E R R E P O R T S B Y T E L E G R A P H .— R e p o rts to
us b y telegraph from the S ou th this even in g den ote th at the
weather has been v e ry fa vora b le during the w eek , there h a v
in g been little or no rainfall. In con sequ ence o f the satis
fa cto ry con d ition s, pick in g has m ade excellent progress and
the m ov em en t of cotto n to m arket has been v e r y free. K ill
ing frost is reported at a few p oin ts.
G a lv e s to n , T e x a s . — W eather has been fa v ora b le for pick ing,
w hich has progresse d well th rou gh ou t T exa s e x ce p t in some
localities where labor is scarce. R ain has fallen one day
during the w eek, the rainfall being ten hun dredth s o f an inch.
T he th erm om eter has ranged from 56 to 80, averaging 67.
A b i l e n e , T e x a s . — We have had no rain during the w eek,
b u t a freeze on one d a y . Average, th erm om eter 57, highest
84, low est 30.
Nov. 3 1905
i. 2 1906.
B r e n h a m , T e x a s . — W e have had rain on one d a y o f the
Feel.
Feet.
6.1
0.0
w eek to the e x t e n t of tw en ty -six hundredths o f an inch. New Orleans
Above zero of gauge15.1
8.4
Memphis
Above
zero
of
gauge.
T h e th erm om eter has averaged 64, the highest being 82 and Nashville . .
11.3
s5
Above zero of gauge.
10.3
the low est 45.
.6
Shreveport
Above zero of gauge
16.7
14.6
Above zero of gauge.
C o r p u s C h r is t i, T e x a s . — There has been rain on tw o days Vicksburg .
o f the week to the exten t o f one inch and eigh ty hundredths.
J U T E B U T T S , B A G G IN G , & e .— The d em an d for bag
T he therm om eter has averaged 67, ranging from 54 to 80.
C u e r o , T e x a s . — R ain has fallen on on e d a y during the ging during the past week has been q u iet, with price s nom inal
w eek, the p recipitation reaching th irty-six hundredths o f an at 8 % c . for lV t lbs. and 9>£c. for 2 lb s., standard grad es.
in ch . The therm om eter has ranged from 46 to 86, a vera g Jute b u tts dull at 3(a)4c. for bagging q u a lity . S tock s o f
b a g g h g have been exhausted and e x ce p t on old con tra cts it
in g 66.
D a lla s , T e x a s . — W e have had no rain the past w eek. is im possible to secure deliveries before the latter part o f the
m on th .
A verage th erm om eter 60, highest 84, low est 35.
1128
THE CHRONICLE
WORLD'S SUPPLY AND TAKINGS OF COTTON.—
The following brief but comprehensive statement indicates
at a glance the world's supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like periods:
1905.
1906.
Cotton T a k i n g s .
W e e k and Season.
3 ,6 6 4 ,1 7 5
V is ib le s u p p ly O c t . 26
3 ,0 1 6 ,6 7 9
V i s i b l e s u p p l y S e p t . 1 _ __________
A m e r i c a n in s i g h t t o N o v . 2 ____
6 2 5 ,4 9 0
B o m b a y r e c e ip ts to N o v . 1 _ - — #
1 7 ,0 0 0
O t h e r I n d i a s h l p ’t s t o N o v . 1 ___
11,000
4 8 ,0 0 0
A l e x a n d r i a r e c e i p t s t o O c t . 3 1 ..
9 ,0 0 0
O th e r s u p p ly to O c t . 3 1 _ a _
T o ta l s u p p ly .
__________
S ea son .
W eek.
S ea son .
W eek.
1 ,7 8 4 ,1 5 6
3 ,4 8 3 ,3 2 5
6 7 ,0 0 0
4 5 ,0 0 0
2 1 4 ,0 0 0
8 5 ,0 0 0
11,000
2 ,5 4 5 ,4 7 0
3 ,4 6 5 ,5 5 6
7 9 ,0 0 0
4 4 ,0 0 0
1 6 1 ,8 0 0
8 9 ,0 0 0
4 ,2 0 4 ,2 8 0
6 ,3 8 4 ,8 2 6
3 ,3 1 4 ,3 0 8 3 ,8 2 3 ,0 9 6
3 ,8 2 3 ,0 9 6
3 8 1 ,1 8 4
3 0 9 ,1 8 4
7 2 ,0 0 0
2 ,5 6 1 ,7 3 0
2 ,0 0 3 ,9 3 0
5 5 7 ,8 0 0
4 6 7 ,1 0 5
1 6 ,0 0 0
6,000
4 0 ,0 0 0
5 ,6 7 8 ,4 8 1
3 ,7 2 7 ,1 6 9
D ed u ct—
V i s i b l e s u p p l y N o v . 2 ____________ _
4 1 2 ,8 6 1
3 3 4 ,8 6 1
7 8 ,0 0 0
T o t a l t a k i n g s t o N o v . 2 _ .............. _
O f w h ic h A m e r i c a n _____
O f w h i c h o t h e r _______
_____
a E m b r a c e s r e c e i p t s in E u r o p e f r o m
2 .3 6 4 ,1 7 3
1 ,8 2 6 .1 7 8
5 9 8 ,0 0 0
B r a z i l , S m y r n a , W e s t I n d i e s , <&c.
COTTON CONSUMPTION AND OVERLAND MOVE
MENT TO NOV. 1.—Below we present a synopsis of the
crop movement for the month of October and the two months
ended October 31 for three years:
1906.
G ross o v e r la n d fo r O c t o b e r ________ b a le s ,
G ross o v e r la n d fo r 2 m o n t h s ______________
N e t o v e r la n d fo r O c t o b e r ________________
N e t o v e r la n d fo r 2 m o n t h s _______________
P o r t r e ce ip ts in O c t o b e r ,^ ________________
P o r t r e ce ip ts in 2 m o n t h s __________________
E x p o r t s in O c t o b e r ________________________
E x p o r t s in 2 m o n t h s _______________________
P o r t s to ck s o n O c t o b e r 3 1 ________________
N o rth e rn s p in n e rs ’ ta k in g s t o N o v . 1 ____
S o u th e rn c o n s u m p tio n t o N o v . 1 ________
O v e rla n d t o C a n a d a fo r 2 m o n th s (in
c lu d e d in n e t o v e r la n d ) ________________
B u r n t N o rth a n d S o u th in 2 m o n t h s ____
S to c k a t N o rth e r n in te r io r m a rk e ts N o v . l
C a m e in sig h t d u rin g O c t o b e r ____________
A m o u n t o f c r o p in sig h t N o v . 1 ___________
C a m e in sig h t b a la n c e o f s e a s o n __________
T o t a l c r o p ___________________________________
A v e r a g e gross w e ig h t o f b a le s ______________
A v e r a g e net w e ig h t o f b a le s _______________
1904.
1905.
7 9 ,3 9 8
1 0 7 ,1 0 8
6 6 ,4 6 2
8 5 ,2 3 1
1 ,4 3 0 ,7 0 8
2 ,4 1 8 ,0 5 9
8 9 8 ,6 2 7
1 ,4 3 1 ,9 4 4
1 ,0 0 6 ,1 5 7
3 8 7 ,3 7 7
3 9 7 ,0 0 0
9 8 ,2 8 0
1 2 1 ,7 7 7
8 3 ,9 7 4
1 0 0 ,8 4 7
1 ,8 0 1 ,2 3 1
2 ,5 2 2 ,1 2 2
1 ,1 4 7 ,7 4 1
1 ,5 7 2 ,3 8 7
9 3 1 ,7 9 5
3 0 6 ,7 4 9
4 0 8 ,0 0 0
10,201
10
10,112
1 2 ,1 3 3
9 ,7 5 8
2 ,3 0 1 ,2 0 8
3 ,3 2 0 ,9 6 9
5 2 2 .1 4
4 9 9 .6 4
1 1 4 ,7 2 9
1 3 4 ,5 4 9
1 0 3 ,8 2 3
1 1 9 ,6 1 8
1 ,7 3 2 ,6 6 4
2 ,8 0 3 ,3 6 5
1 ,3 0 9 ,7 9 1
1 ,9 8 4 ,3 1 0
6 5 6 ,0 1 8
3 8 7 ,8 7 4
3 3 1 ,0 0 0
1 4 ,1 9 2
900
2 ,6 9 8
2 ,3 3 1 ,1 3 6
3 ,7 0 4 ,9 8 3
9 ,8 5 1 ,8 5 8
1 3 ,5 5 6 ,8 4 1
5 2 2 .5 7
5 0 0 .2 2
1 ,9 2 5 ,1 7 0
3 ,2 5 3 ,2 9 0
8 ,0 6 6 ,5 7 0
1 1 ,3 1 9 ,8 6 0
5 1 6 .2 3
4 9 3 .8 0
INDIA COTTON MOVEMENT FROM ALL PORTS.—
The receipts of cotton at Bombay and the shipments from all
India ports for the week and for the season from Sept. 1 for
three years have been as follows:
N ovem ber
1.
1906.
R e c e i p t s a t—
W eek.
B om bay.
1 7 ,0 0 0
_
S in ce
S e p t. 1.
W eek.
6 7 ,0 0 0
S in c e
S e p t. 1.
1 6 ,0 0 0
7 9 ,0 0 0
F o r th e W e e k .
E x p o rts
fr o m
1904.
1905.
S in ce
S e p t . 1.
W eek.
1 7 ,0 0 0
7 7 ,0 0 0
S in c e S e p tem b e r
1.
C o n ti
n en t.
T o ta l.
1,000
25,000
10,000
25,000
11,000
1906_____________
1 9 0 5 . ________i_
1904_____________
1,000
2,000
1,000
1906 ___________
1905_____________
1904 _
_ ___
All others —
1906_____________
1905_________
_
1904_____________
1,000
1,000
B om bay —
1906___
_ __
1905_____________
1904_____________
Calcutta—
Madras—
—
G rea t
B r ita in .
C o n ti
n en t.
T o ta l.
2,000
10,000
107,000
77,000
2,000
109,000
87,000
2,000
3,000
1,000
1,000
6,000
3,000
4,000
7,000
3,000
4,000
1,000
2,000
2,000
3,000
1,000
1,000
5,000
8,000
1,000
6,000
9,000
1,000
6,000
2,000
2,000
6,000
2,000
2,000
1,000
31,000
31,000
24,000
32,000
31,000
24,000
34,000
15,000
2,000
36,000)
17,000
2,000
—
Total all —
1906_____________
1905 _ ______
1904_____________
2,000
2,000
—
5,000
12,000
149,000
119,000
30,000
154,000
131,000
30,000
According to the foregoing, Bombay appears to show an
e n crea se compared with last year in the week's receipts of
1.000 bales. Exports from all India ports record a gain of
19.000 bales during the week and since Sept. 1 show an
in c r e a s e of 23,000 bales.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON.—Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and 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:
A le x a n d r ia , E g y p t,
O c t. 3 1 .
1906.
1905.
1904.
R e c e i p t s ( c a n t a r s a) —
T h i s w e e k . _______
S i n c e S e p t . 1 ______________
3 6 0 ,0 0 0
1 ,6 0 3 ,6 6 5
3 0 0 ,0 0 0
1 ,2 1 7 ,1 2 5
T h is
w eek.
E x p o r t s ( b a le s ) —
2 8 0 ,0 0 0
1 ,3 0 6 ,7 5 7
T h is
w eek.
S in c e
S ep t. 1.
4 5 ,6 4 3
3 0 ,9 4 4
4 0 ,5 4 8
4 ,1 1 7
8,000
8,000
8,000
2,000
3 5 ,8 7 9
1 7 ,1 8 7
4 3 ,4 2 8
8 ,8 1 3
T o t a l ............. .................... .............. 2 4 , 5 0 0
1 2 1 ,2 5 2
2 6 ,0 0 0
1 0 5 ,3 0 7
L i v e r p o o l ...............................
M a n c h e s t e r _____________
C o n t i n e n t _______________
A m e r i c a _________________
T h is
S in ce
w eek . S ep t. 1.
S in c e
S e p t. 1.
7 .0 0 0
9 .0 0 0
7 .0 0 0
1 ,5 0 0
To
To
To
To
5 ,5 0 0
5 .0 0 0
7 .0 0 0
900
3 1 ,9 6 8
2 2 ,4 2 4
4 4 ,2 0 7
5 ,8 7 6
1 8 ,4 0 0 1 0 4 ,4 7 5
a A c a n t a r is 9 8 l b s .
This statement shows that the receipts for the week were
360,000 cantars and the foreign shipments 24,500 bales.
DOMESTIC EXPORTS OF COTTON MANUFACTURES
—We give below a statement showing the exports of domestic
cotton manufactures for September and for the nine months
ended September 30 1906, and for purposes of comparison like
figures for the corresponding periods of the previous year
are also presented.
X u a n lltie s o f M a n u fa c tu r es o f
C otton (.colored aS d u n co lo red )
E k p o rU d to—
United Kingdom__________yards
Germany ..................................... .
Other Europe_________________
British North America.... ........... ..
Central American States and
British Honduras______ _____
Mexico ______________ ______
Cuba_________________________
Other West Indies and Bermuda,
Argentina___________ _________
Brazil___ _________ ___________
Chile_____________ ____________
Colombia ____________________
Venezuela____________________
Other South America___________
Chinese Empire........ ............... ..
British East Indies_____________
Hongkong____________________
Japan_________________________
British Australasia_____________
Philippine Islands_____________
Other Asia and Oceania_________
British Africa_________________
All other Africa------------------------T o ta l yards of a b o ve.
T o t a l v a lu e s o f a b o v e .
V a lu e p e r y a r d _______
M o n th en d in g S e p t. 3 0 .
1906.
9 m o s. en d in g S e p t. 3 0 .
1905.
3 2 2 ,0 7 1
3 ,5 4 5
1 2 4 ,6 8 1
5 2 2 ,9 5 8
1906.
2 7 7 ,4 5 5
2 6 ,8 4 0
2 7 0 ,2 9 2
6 1 1 ,9 5 3
1905.
2 ,2 6 9 ,8 6 7
3 3 4 ,3 5 2
1 ,2 5 6 ,9 7 2
7 ,3 5 3 ,0 2 2
2 ,3 9 5 ,8 3 9
1 2 0 ,8 1 7
1 ,7 2 0 ,0 4 9
7 ,5 3 2 ,0 0 4
2 ,3 6 9 , 9 6 4
1 3 8 ,3 7 1
1 ,5 1 0 ,3 7 5
3 ,3 2 3 ,5 2 0
1 6 4 ,5 6 0
5 0 5 ,8 7 5
6 9 5 ,9 3 6
1 ,2 3 0 ,3 8 5
5 8 7 ,7 3 3
3 5 8 .0 3 4
1 5 .3 8 9 ,5 1 3
4 8 1 ,9 8 0
7 3 ,6 7 4
349
5 6 2 ,0 7 0
2 ,6 2 7 ,8 8 5
4 ,4 7 1 ,4 4 2
1 ,1 1 3 ,7 2 0
7 2 ,5 4 5
2 ,2 7 4 ,0 3 5 2 1 ,0 9 6 .6 2 7 2 1 ,3 3 2 ,3 1 7
1 .0 0 0 ,7 0 8
1 5 3 ,9 9 8
2 ,8 3 6 ,8 9 8
3 ,0 0 6 ,6 8 2
1 1 ,7 9 9 ,8 1 1
1 9 ,5 6 8 ,5 6 2
2 ,8 0 4 .3 5 2
2 5 ,3 7 8 ,2 6 9
2 0 ,0 2 7 ,8 7 3
1 ,5 7 4 ,2 1 9
2 7 0 .9 1 5
2 ,8 8 4 ,9 3 1
9 0 1 ,4 4 1
5 ,2 3 8 ,7 8 9
7 ,7 7 7 ,7 5 9
1 ,8 0 5 ,1 4 5
8 ,5 2 0 ,7 4 7
1 0 ,9 5 4 ,5 0 9
1 1 .7 9 8 ,7 2 3
5 1 7 ,2 4 3
7 ,2 1 8 ,8 7 7
7 1 7 ,6 4 6
5 ,1 0 6 ,3 1 7
5 .8 8 8 ,4 4 3
4 8 3 ,5 7 0
4 ,4 5 5 ,5 4 4
5 ,9 8 6 ,6 2 7
4 9 ,9 6 9 ,7 9 0 2 5 1 ,7 4 0 ,5 1 7 2 3 1 ,6 7 3 ,2 6 8
1 ,1 0 5 ,6 5 6
5 ,0 0 2 ,6 5 2
6 ,8 8 2 ,8 7 2
4 1 2 ,6 0 1
1 5 ,6 0 8
3 9 8 ,3 2 7
2 7 3 ,0 2 6
7 1 3 ,3 1 9
1 0 ,2 6 9 ,0 6 6
4 9 2 ,1 8 6
6 ,5 3 6 ,8 2 8
5 ,6 6 3 ,2 9 9
1 2 6 ,4 2 4
7 ,7 8 3 ,1 5 1
9 ,1 2 7 ,1 1 4
1 ,3 2 3 ,9 9 1
3 2 ,8 3 2 ,6 3 8
1 7 ,0 5 1 ,0 4 5
4 8 6 .1 2 7
6 ,1 9 3 ,9 4 5
5 ,2 3 7 ,8 2 3
1 0 1 ,7 2 9
7 2 9 ,8 9 5
4 9 2 .0 4 4
3 6 ,6 5 1 ,1 8 6
§ 2 ,3 5 1 ,1 6 2
$ .0 6 4 1
6 8 ,0 1 6 .1 0 4 4 1 9 ,6 5 8 ,5 1 3 6 0 3 ,0 4 0 ,3 6 6
$ 3 ,9 9 4 ,7 5 6 8 2 6 ,3 6 5 .8 4 8 8 3 6 ,2 0 4 ,2 0 6
$ .0 6 2 8
$ .0 5 8 7
S .0 6 0 0 -
V a lu e o f O ther M a n u fa c tu r e s o f
C otton E x p o r te d to —
United Kingdom______________
Belgium_______________ _____
France_______________________
Germany_____________________
Netherlands---------------------------Other Europe_________________
British North America__________
Central American States and
British Honduras-----------------Mexico ______________________
Cuba________________ _________
Other West Indies and Bermuda,
Argentina------------------------------Brazil-------------------------------------Chile_____________ ____________
Colom bia________________ ____
Venezuela------------------------------Other South America___________
Chinese Empire________________
British East Indies...... ........... —
Hongkong____________________
British Australasia_____________
Philippine Islands-------------------Other Asia and Oceania------------British Africa_________________
All other Africa________________
Other countries— ----- -------------T o t a l v a lu e o th e r m a n u fa c tu re s
T o ta l v a lu e o f a ll m a n u fa c tu re s
—
G rea t
B r ita in .
[VO L . L X X X 1II
1 1 4 ,2 9 6
1 2 ,6 8 0
3 ,5 0 3
7 7 ,4 2 0
2 ,2 9 4
4 ,9 5 3
1 9 1 ,4 7 2
1 0 2 .7 5 7
1 4 ,3 9 0
3 ,2 9 7
6 3 ,3 1 4
3 ,7 2 9
7 ,2 5 6
2 0 7 ,4 8 2
1 ,5 8 7 ,8 5 7
1 3 0 ,6 8 2
4 5 ,6 8 3
7 5 6 ,8 6 7
6 7 .5 3 4
1 0 2 ,2 9 3
2 ,1 5 7 ,8 0 0
7 9 7 ,9 0 5 1 3 6 ,3 6 5
3 1 ,2 1 5
4 1 0 ,4 8 5
2 3 ,5 9 3
6 7 .1 8 4
1 ,9 1 5 ,5 8 2
6 4 ,6 8 4
4 7 ,9 8 5
6 1 ,8 5 7
2 5 ,1 4 4
1 9 ,1 5 1
4 ,5 4 3
2 ,2 6 1
2 2 ,4 8
2 ,7 5 5
6 ,4 2 2
2 5 ,6 1 3
2 ,6 3 9
2 0 ,2 6 5
4 9 ,2 0 6
1 2 3 ,7 3 4
1 1 ,4 5 3
5 617
1 ,0 0 3
3 2 ,2 5 8
3 9 ,7 7 2
3 9 ,8 8 8
2 2 ,8 2 9
1 6 ,2 8 3
3 ,4 9 0
641
1 ,6 1 2
2 ,8 7 7
2 ,5 7 3
7 ,7 8 0
1 ,1 1 3
1 3 ,2 4 2
2 9 ,6 1 3
3 ,4 3 8
1 1 ,9 9 8
1 5 ,5 6 9
2 ,6 5 2
135
5 2 1 ,4 4 1
4 1 9 ,7 1 1 3 7 3 ,3 3 9
1 9 5 ,0 9 4
1 8 0 ,3 1 9
3 3 ,6 9 2
2 1 ,8 2 3
2 4 ,0 6 0
2 1 ,4 7 1
5 1 ,1 2 3
1 3 2 ,9 4 0
7 ,6 9 5
5 0 ,3 8 4
3 8 2 ,7 0 0
311 788
2 1 2 ,3 6 6
1 9 4 ,6 1 9
8 ,2 6 1
5 .0 7 2
4 6 4 ,5 4 9
4 9 4 ,1 7 4
3 1 4 ,4 2 2
1 8 2 .9 8 5
2 6 1 ,9 8 3
5 3 ,3 7 0
1 3 ,6 3 9
3 3 ,9 5 4
1 6 ,6 1 4
3 9 ,6 5 2
2 8 0 ,0 9 5
5 ,8 9 2
7 7 ,2 2 4
3 3 8 .6 9 6
5 6 ,9 0 6
2 2 9 ,2 8 4
2 0 8 ,5 3 9
1 2 ,4 6 0
4 .1 3 3
$ 7 ,9 9 5 ,4 1 4
S 6 4 9 ,9 S S
S 6 ,4 7 0 ,9 0 0
S 4 ,6 4 4 .7 4 4 $ 3 4 ,3 6 1 ,2 6 2 8 4 2 ,6 7 5 ,1 0 6
$ 8 8 3 ,3 9 8
S 3 ,2 3 4 ,5 6 0
MANCHESTER MARKET.—Our report received by
cable to-night from Manchester states that the market
is firm for yarns and quiet for shirtings. The demand
for both yarn and cloth is improving. We give the prices
for to-day below and leave those for previous weeks of
this and last year for comparison:
1906.
8 H lbs. S h irt in g s , comnnon
to fin est.
325 C o p
T w ist
Sept d.
2 8 9 Vs
@
O ct.
5 9H
@
12 9 1 3 - 1 6 @
19 9 1 5 - 1 6 @
26 9 1 5 -1 6 @
N ov
2 9 7A
©
1905.
d . s.
10^ 6
d.
s.
4^ @9
C oV n
M id
TJpl's
T w ist.
d
6
d.
d.
5 .6 6 8 7 - 16
10M
11
11
11
6 6 @9
6 7 @9
6 iy2 @ 9
6 iy2 @ 9
8
8
10
io
6 14 S K
6 .4 5 S H
6 .3 3 s h
io M
6
9
5 .8 0 8 H
7
@9
6.12
s y
d.
d.
0
d.
574
@8
@8
@8
1H @ 9
10^4
10 H
10 H
0
5 .4 1
5 .3 2
5 .4 2
5 .7 1
iy 2 @ 9
0
5 .9 1
s.
@
9H
6
d.
1
©
9
9
9
0
0
0
9H
6
6
6
6
9K
6
@
@
@
©
C oV n
M id
U p l's
8 H lbs. S h irtin g s , co m m o n
io fin est.
325 C op
s.
@9
SEA ISLAND COTTON MOVEMENT.—We have re
ceived this (Frday) evening by telegraph from the various
ports the details of the Sea Island cotton movement for the
week. The receipts for the week ending to-night (Nov. 2)
and since Sept. 1 1906, the stocks to-night and the same
items for the corresponding periods of 1905, are as follows:
------------ 1 9 0 6 -------------
------------ 1 9 0 5 ----------------------------- S to ck --------
T h is
w eek .
S in c e
S e p t. 1 .
T h is
w eek .
S a v a n n a h __________
C h a r l e s t o n _________
B r u n s w i c k _________
J a c k s o n v i l l e _______
N ew Y o rk , & c___
1 ,6 5 3
537
75
25
______
6 ,1 1 9
1 ,2 6 9
274
264
______
3 ,5 8 8
936
780
4S3
______
1 5 ,6 4 5
3 .6 7 4
1 .8 1 4
1 ,3 7 5
318
T o t a l ______________
2 ,2 9 0
7 ,9 5 6
5 ,7 8 7
2 2 ,8 2 6
R e c e ip ts to N o v . 2 .
S in ce
S e p t. 1 .
v
1906.
3 ,6 2 9
1 ,0 4 9
_____
______
181
1905.
1 2 ,9 8 8
3 ,5 0 3
______
4 ,8 5 9
1 6 ,8 0 7
316
The exports for the week ending this evening reach a total
of 180 bales, of which 180 bales were to Great Britain, __ to
-France and to Bremen, and the amount forwarded to
Nov. 3 1906.J
THE CHRONICLE
Northern mills has been 1,032 bales. Below are the exports
for the week and since Sept. 1 1900 and 1905:
W eek end'Q N o v .2.
Since Sept, l 1906.
Northern M ills.
Greed France
Exports from —
dfcc.
Savannah____ 175 ___
Charleston, & c____ ___
Brunswick, & c_ ___ ___
New York____
5 ___
Boston ______ ____ ___
BrU'n.
Philadelphia__ _____
____
Total.
Great
Brit'n.
175
___
___
5
___
1,038
___
___
____
____
France
A c.
Total.
Since
W eek. Sept. I .
25
65
___
___
25
-----
1,103
___
___
89
25
907
25
100
---------
1,753
80
538
---------
64
____
____
____
____
T o ta l................
180
____
180
1,127
90
1,217
1,032
2.371
Total 1905_____
806
____
806
1.468
449
1,917
2,265
6,409
A considerable portion of the Sea Island cotton shipped
to foreign ports goes via New York, and some small amounts
via Boston and Philadelphia. Instead of including this
cotton for the week in which it leaves the Southern outports,
we follow the same plan as in our regular table, of including
it when actually exported from New York, &c. The details
of the shipments of Sea Island cotton for the week will be
found under the head of “ Shipping News” on a subsequent
page.
Quotations Nov. 2 at Savannah— For Georgia, extra fine,
22c.; choice, 2 3 ^ c .; fancy, 253^c.
SH IPPIN G N E W S .— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 352,741 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
T o t a l b a le s .
N EW Y O R K — T o Liverpool— Oct. 29— Victorian, 3,018------ N ov. 1
— Celtic. 496_________________________________________________
3,514
T o Hull— Oct. 27— Consuelo, 414__---------------------------------------414
T o London— Oct. 27— Minnetonka, 1,350____________________
1,350
T o Glasgow— Oct. 26— Astoria, 5 Sea Island_______________ _
5
T o H a u e — Oct. 26— Hudson. 1,100____Oct. 27— La Gas
cogne, 2,100_________________________________________________
3,200
T o Marseilles— Oct. 27— Gorjistan, 50 ______ _________________
50
T o Bremen— Oct. 31— Trave, 571_____________________________
571
T o Hamburg— Oct. 26— Pretoria, 191_________________________
191
T o Antwerp— Oct. 26— Finland, 937__________________________
937
T o Reval— Oct. 31— C. F. Tietgen, 400_______________________
400
T o Genoa— Oct. 26— Koenigin Luise, 150______________________
150
T o Naples— Oct. 26— Koenigin Luise, 1,177__________________
1,177
T o Venice— Oct. 31— Giulia, 77______________________________
77
N EW O R L E A N S— T o Liverpool— Oct. 29— Mira, 6,349___________ 6,349
T o Manchester— Oct.27— Almerian, 3,411___________________
3,411
T o Havre— Oct. 31— Californle, 5,458; Manhattan, 22,538— 27,996
T o Bremen— Oct. 27— Maine, 19,578____Oct. 31— M oorby,
5.443 _______________________________________________________ 25,021
T o Hamburg— Oct. 27— Dortm und, 200_______________________
200
T o Barcelona— Oct. 2§— Catalina, 10,182____________________ 10,182
G ALV E STO N — T o Liverpool— Oct. 26— Candidate, 14,591: Nica
raguan. 6.185____Oct. 27— Chancellor, 10,337; Sangara,
9.105____Oct. 30— Dochra, 12,942; Indian, 21,138____ Oct.
31— Capella. 52; West Point, 14,039_______________________ 88,389
T o Havre— Oct. 25— Inchmarlo, 5,194____ Oct. 31— Capella,
6,791 _______________________________________________________ 11,985
T o Hamburg— Oct. 25— Jessie Burns, 1,365____Oct. 27— Elvaston, 1,131________________________________________________ 2,496
T o Antwerp— Oct. 29— Cresswell, 2,689_______________________ 2,689
PO R T A R T H U R — To Liverpool— N ov. 1— Rosebank, 2,362______
2,362
T o Bremen— Oct. 29— Meridian, 6,840________________________
6,840
M O B IL E — T o Havre— Oct. 31— H axby, 7,746____________________
7,746
PEN SACOLA— T o Bremen— Oct. 31— August Belmont, 13,907__ 13,907
T o Genoa— Oct. 27— Acacia. 100______________________________
100
S A V A N N A H — T o Liverpool— Oct. 29— Lord D erby, 6,201_______
6,201
T o Manchester— Oct. 29— Lord D erby, 4,761_________________ 4,761
4,475
T o Havre— Oct. 27— Reliance, 4,475__________________________
T o Bremen— Oct. 26— Xeumuhlen, 1,720____Oct. 27— Europa,
7.225____Oct. 29— Bylands, 8 ,9 6 8 .1 _______________________ 17,913
T o Amsterdam— Oct. 26— Neumuhlen, 36____Oct. 27— Zeeburg. 100____________________________________________________
136
T o Rotterdam — Oct. 26— Neumuhlen, 76____Oct. 27— ZeeE
burg. 400____________________________________________________
476
T o Hamburg— Oct. 27— Europa, 100; Reliance, 900__________ 1,000
T o Antwerp— Oct. 26— Neumuhlen, 203_______________________
203
T o Ghent— Oct. 26— Neumuhlen, 200_________________________
200
T o Reval— Oct. 26— Neumuhlen, 48____Oct. 27— Europa, 172
— Oct. 29— Bylands, 400____________________________________
620
T o W arberg— Oct. 27— Europa, 48____________________________
48
T o M ilm o— Oct. 27— Reliance, 243____Oct. 29— Bylands, 100
343
T o Gothenburg— Oct. 27— Reliance, 798____Oct. 29— Bylands,
300_____ ________ _________ ___________________________________
1 098
T o Norrkoping— Oct. 27— Reliance, 600_______________________
600
T o Riga— Oct. 27— Reliance. 2 0 0___ Oct. 29— Bvlands, 1 7 4 ..
374
T o Barcelona, &c.— Oct. 31— Cerea, 9,101; Siam, 12,726____21,827
B R Y X S W IC K — T o Bremen— Oct. 31— Bedouin, 7,814___________ 7,814
W IL M IN G T O N — T o Liverpool— Oct. 31— Lord Curzon, 14,383;
Osceola, 1 3 ,8 0 8 .________
28,191
T o Bremen— Oct. 30— Huron, 10,000_________________________ 10,000
N O R F O L K — T o Liverpool— N ov. 2— Albiana. 999_______________
999
T o Hamburg— Oct. 31— Peter Jebsen. 127___________________
127
T o Antwerp— Oct. 31— Neumuhlen, 1 0 0 _____________________
100
T o Ghent— Oct. 31— Neumuhlen, 500_________________________
500
N E W P O R T NEW S— To Glasgow— Oct. 29— Hestia, 19___________
19
BOSTON— T o Liverpool— Oct. 26— Michigan. § 3 2 .K, _Oct, 29—
Ivem ia, 2.494------ Oct. 30— W ln if^ dlan , 2 ,1 5 3 ..................... 5,479
T o Genoa— Oct. 28— Rom anic. 300___________________________
300
B A L T IM O R E — T o Liverpool— Oct. 26— Quernmore, 5,778______
5,778
T o Bremen— Oct. 31— Rhein, 5,404__________________________
5,404
P H IL A D E L P H IA — T o Liverpool— Oct. 26— Friesland, 944______
944
SAN FRANCISCO— T o Japan— Oct. 30— Coptic, 27_____________
27
SE A T T L E — T o Japan— Oct. 30— Shlnano Maru, 3.383___________ 3,383
TACOM A— T o Japan— Oct. 30— Bellerophon, 1,692_____________
1,692
Total............................................................................................... .352,741
The particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
G rea t F r e n c h
B r ita in ,
p o rts,
G e r ---- O t h . E u r o p e — M e x . ,
m a n y . N o r th . S o u th .
& c. J a p a n .
T o ta l.
New York......... 5,283 3,250
762 1,337
1.404
12,036
New Orleans... 9.760 27,996 25,221
___ 10,182 ...............- 73,159
Galveston : ___ 88.389 11,985 2,496 2,689
..................
. . . 105,559
Port Arthur___ 2.362
___ 0,840
___
_ __
...
__
9.202
Mobile ........ ............... 7.746
......
...............................
...
7.746
Pensacola........ ......
..
13,907
___
100
............... 14,007
Savannah.......... 10.962 4,475 18.913 4,099 21,826 . . .
. . . 60.275
Brunswick .............................. 7,814
.... .....................................
7,814
Wilmington____ 28.191 ____ 10,000 .........
.............................38,191
N orfolk........ .
999
___
127
600
___
...
...
1,726
Newport News.
19 ___
___
___
___
__
__
19
Boston
........ 5,479
................................
300 . . .
- - - 5.779
Baltimore_____ 5,778 ____
5.404. ... ........................................ 11,182
Philadelphia...
944 ...................................................................
944
Saw Francisco. _
27
27
S e a ttle ...................................................................................... 3.383
3.383
Tacom a______ ___
___
___
____
___
__ 1,692
1,092
Total ........... 158.166 55,452 91.484
8.725 33,812
...
5.102 352.741
The exports to Japan since Sept. 1 have been 27,181 bales
from Pacific ports.
1129
Cotton freights at New York the past week have been as
follows, quotations being in cents per 100 lbs.:
S a t.
Liverpool . . . ____ c .
M anchester______ c .
H a v r e ___________ c .
B rem en __________ c .
H a m b u r g _______ c.
A n tw e r p ________ c.
Ghent, via A n t -.c .
Reval, Indirect__ c.
Reval. via C a n a l.. c .
B arcelon a_______ c .
G e n o a ___________ c .
Trieste __________ c .
Japan.................._.c.
M on.
T u es.
20
20
20
22 A
25
25
20
26
28
22 A
22 A
25
25
20
26
28
30
25
32
45
30
25
32
45
25
25
20
26
28
«
30
25
32
45
20
20
20
W ed .
T h u rs.
20
20
22 A
25
25
20
26
28
——
30
25
32
45
20
20
22 H
25
25
20
20
28
••—
30
25
32
45
F r l.
20
20
22A
25
25
20
26
28
30
25
32
45
LIVERPOOL.--By cable from Liverpool we have the following statement of the week's sales, stocks, &c., at that port:
O c t . 12.
Sales of the w e e k ____ ..b a le s . 41,000
1,000
Of which exporters t o o k ... . .
Of whloh snomilators took.
__ 30,000
Sales, Am erican. ___
__ 2,000
A c t u a l e x p o r t ----------------__ 69,000
F orw a rd ed ____
Total stock Estim ated___ ...2 1 2 ,0 0 0
Of which American-—Est....1 4 4 ,0 0 0
Total Import of the w eek. .. . . 49,000
Of which American.
. . . 40,000
__ 283,000
Am ount afloat_______
...2 5 5 ,0 0 0
Of which American.
19.
38,000
2,000
O c t.
28,000
3,000
63,000
239,000
173,000
93,000
84,000
343,000
298,000
—
26.
38,000
2,000
N ov . 2.
29,000
5,000
76,000
251,000
184,000
92,000
79,000
411,000
358,000
34,000
3,000
93,000
296,000
222,000
141,000
121,000
450,000
392,000
O c t.
42,000
1,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
S a tu rd a y .
M onday.
T u esd a y .
W ed ’d ay.
T h u rsd a y .
F r id a y .
Quiet.
Easier.
Moderate
demand.
Moderate
demand.
More
demand.
Moderate
demand.
Mid.Upl’ds
5.99
5.85
5.93
5.81
5.86
5.80
Sales . . . .
Spec.&Exp
5,000
500
7,000
500
7,000
500
7,000
500
8,000
500
7,000
500
S p o t.
Market,
12:15
P. M.
)
)■
J
Quiet at Irreg. at
1 10(5)11 pts. S@10 pts.
decline.
J decline.
Market,
4:30
P. M.
1 Quiet at Quiet at Steady at B'rly st'dy Easy at
\ 11 @12 pts. 9@103^pts 4 A @6 pts n t 8 A @ 9 A 3K @4H
pts. adv.
J decline.
decline.
advance. pts. dec.
F u tu r e s .
Irreg. at
4 @8 pts.
advance.
Irreg. at Steady at
10 @11 pts. 5 @6 pts.
advance.
decline.
Market
opened
Steady at
4 @5 pts.
decline.
Easy at
7 a m 'A
pts. dec.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
100 th s .
T h e p r ic e s a re g iv e n in p e n c e a n d
and
25
m ean s
Oct. 27
to
Nov. 2.
6
Sat.
12X
p.m.
12 A
p.m .
d.
October
Oct.-N ov_
N ov.-D ec.
Dec.-Jan_
Jan.-Feb _
Feb.-M ch.
M ch.-Apr.
Apr.-May.
May-June.
June-July.
July-Aug
Aug.-Sept
—
T h u s[
71
m ean s
5 71-100
d .,
25d.
d.
5
5
5
5
5
5
5
5
5
5
5
71
65
61
61
63H
66
Mon.
Tues.
W ed.
Thurs.
Fri.
12 A 4 A 12 A 4M 1 2 A 4 A
12A 4^ 12A 4 A
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
50 A
55
51
51
53 A
56
6 8 A 58 A
7 0 ^ 61
72 A 53 A
65
74
66
75
d.
60 A
a.
69
65
55
51
60 A
51
00 A
53 A 63
56
66
59
68 A
71
61
73
63 A
65
74 A
76
66
d.
d.
57
65
61
51 A
56 A> 4 6 Ac.
6 6 A 46 A
59
49 A
62
52 A
64 A
67
69 A
71
72
55 A
57 A
60
61 A
63
d.
d.
d.
d.
52
47
47
50
53
56
58
60 A
57 A
52 A
56 A
51 A
52
47
46^
48
51 ^
54 H
62
63 A
52
55
58
61
63 A
66
67 A
69
51
d.
49
43A
43
45
A
A
47 A
50
A
A 5 6 A 52 A
55
58
64
65 A 60
56A
67 A 62 A 5 8
53
56
50
61
BREADSTUFFS.
F r i d a y , N ov. 2, 1906.
Prices for wheat flour have shown no important changes
during the week, but the general situation is regarded as
somewhat more favorable. An improved demand for flour
is reported at the Southwest and some of the reports from
Minneapolis have been of a more cheerfol tenor. The recent
shutting down of some of the Northwestern mills is now
attributed by some to inability to secure suitable supplies
for grinding rather than to an absence of buyers of flour.
Low grades have been rather heavy of late and the produc
tion, it is stated, will be reduced. Export business contin
ues quiet and the clearances for Europe of late have dimin
ished. Rye flour has been in fair demand and firm. Corn
meal has been dull and steady.
Wheat, though irregular at times, lias in the main followed
an upward course, mainly owing to light receipts at the North
west, where cash premiums have been firmly maintained.
Moreover available supplies, instead of increasing freely as
they ordianrilv do at this time of the year, have of late shown
1130
1HE CHRONICLE.
b u t a m o d e ra te in crease. S om e rep orts have been cu rren t,
t o o , o f d a m age b y a hurricane in A rg en tin a , w hich had an
e ffe ct fo r a tim e , a lth ou g h su b seq u en tly fou n d to h a ve been
e x a g g e ra te d .
T h e d ifferen ce b etw een D ecem b er and M ay,
w h ich w as fo rm e rly q u ite m a rk ed , has la tterly n a rrow ed ,
p a rtly o w in g to a b e tte r d em a n d fro m the sh orts, and p a rtly ,
it a p p ea rs, b y reason o f the in creasin g stren gth o f th e “ ca sh ”
p o s itio n .
A re p ort at on e tim e cu rren t th a t th e E astern or
W a ll S treet “ lo n g s ” w ere liq u id a tin g appears to h a ve been
u n fo u n d e d .
E ffo rts are b ein g m ade to relieve the car b lo c k
ade a t th e W e s t, w h ich w o u ld o f course m ean a con siderab le
in crease in th e receip ts; b u t the progress in this d irection is
s lo w , th ou g h it a p p ea rs that the ra ilroa d com p a n ies are n ow
m o re d isp osed to fa v o r th e m ore ra p id forw a rd in g o f grain.
T h e flou r tra d e has been m ore a c tiv e , esp ecia lly in th e S ou th
w e st, an d a lth ou g h som e N orth w estern m ills h a ve b een re
p o rte d as sh u ttin g d o w n , it appears th a t oth ers are runn ing
o n fu ll tim e.
E x p o rte rs are in th e m a rk et b u t business is
n a tu ra lly restricted b y the slow ness o f th e cro p m o v e m e n t.
W h en th e car b lo c k a d e is o v e r o r sen sib ly relieved there is
an id ea th a t th e e x p o r t tra de w ill in crease.
B ra d stre e t’s
s ta te m e n t sh ow ed an increase in the a v a ila b le w o rld 's su p p ly
fo r th e w eek o f o n ly 5 35 ,00 0 b u sh els, as again st 7 ,5 5 4 ,0 0 0
bu sh els increase fo r th e sam e w eek la st y ea r. T o -d a y p rices
a d v a n ce d ea rly o n lig h t receip ts, co v e rin g and b u ll s u p p o rt,
b u t re a cted la ter on rea lizin g.
[Y o l . l x x x i i i
E X P O R T S O F B R E A D S T U F F S , P R O V IS IO N S , C O T
T O N A N D P E T R O L E U M .— T h e e x p o rts o f these articles
d u rin g the m on th o f S ep te m b e r, and th e nine m o n th s, fo r
the past three years h a v e been as fo llo w s :
1906.
. 9 M onths.
E xports
from U. S. Septem ber
1905.
S eptem ber. 9 M onths.
1904.
S eptem ber. 9 M onth8.
Q uan tities.
Wheat _bu_ 11,104.270 36,000,360 2,102,109 3,946,774 222,433 9.762,722
Flour bbls. 1,524,470 10,222,726 1.150,887 6.363,256 840,875 9,048,106
Wheat obu. 17,964,412 82,002,627 7,281,100 32,581,426 4,006,370 50,479,199
Corn.. bu_ 3.377,027 84.290,753 5.697,112 82,752,212 3.305,562 34,441,771
Tot. bu. 21,341,439 166,293,380 12,978,212 115,533,638 7,311,932 84,920,970
$
V alues.
$
S
$
S
$
W b’t&flour 14,645,303 70,787,369 6,914.922 32,480,804 3,975,925 46,340.346
3,545,483
45,782,010
1,992,636 19,441,467
Com &meal 1,995,016 44,715,476
59,472
R y e _____
221.454
383
676,799 166,355
5,773
573,168
81,766
Oats& meal 391,341 9,598,601 1,481,430 4,811,145
B arley___ 392,987 4,829,474 872,053 3,710,646 369,205 1,962,355
Breads tuffs 17.430,420 130,607,719 12.980.243 87,006.065 6,419,915 68,376,808
Provisions b 18,479,814 177,853,994 15.910,010 153,323,603 15,110,502 141,306,358
Cotton___ 25,264,325 205,230,440 32,689,656 220,280.081 43,742,325 197,015,095
Petro'm ,&c 6,652,112 60.482,468 7,397,468 57,293,634 7,260,505 58.722,477
Tot. value 67,826,671 574,174,621 08,977,377 517,903,383 72,523.247 465,420,736
Including flour reduced to bushels.
Including cattle and hogs in all months and years.
.—All of the above figures are based on the monthly preliminary returns
issued by the Bureau of Statistics, and cover about 98% of the total exports.
a
b
'Note
T he aggregate e x p o rts fro m the U n ited S tates o f w h ea t
and w heat flou r, ex p ressed in b u sh els, fo r the nine m o n th s
from Jan u ary 1 to S ep tem b er 30, in clu siv e , h a v e b een as
follow s fo r fo u r years:
1906.
1905.
1904.
1903.
D A ILY CLOSING PR IC E S O F W H E A T FU T U R E S IN NEW YORK.
Wheat, bushels______________ 36,000,360 3,946,774 9,763,722 54,855,877
F r i.
S a t. M G S . T u e s .
W e d . T h u rsNo. 2 red w inter . . . __ __------- 813^ 82 4 82 4 83
84 4 83 4 Flour, reduced to bushels______ 46,002,267 28,634,652 40,715,457 60,861,461
Decem ber delivery in elevator ._____81 ^ 82 H 82 4 83 4 84 4 8 3 4
Total bushels_______________82,002,627 32,581.426 50,479,199 115,717,33
84 4
M ay delivery in elev ato r. _ _____83 % 84 % 84 4 84 4 85
T he sta tem en ts o f th e m o v e m e n t o f breadstuff's to m ark et as
D A ILY CLOSING PR IC E S O F W H E A T F U T U R E S IN C H I C A G O .
in d ica ted b e lo w are p rep a red b y us fr o m figures co lle cte d b y
F r i.
S a t. M o n . T u e s
W ed . T h u rs.
Decem ber delivery in elevator ._____73 4 7 3 4 73 34 74 4 74 4 74 4 the N ew Y o r k P ro d u ce E x c h a n g e . T h e receip ts at W estern
May delivery in elevator _ -------77 H 7 8 4 78 4 7 8 4 79
784
------- 76 % 77 4 77 4 77 4 7 7 4 77 4 lake and river p o rts fo r th e w eek en d in g last S a tu rd a y an d
Ju ly delivery in elevator
In d ia n corn fu tu res h a ve b een dull w ith co m p a ra tiv e ly
slig h t flu ctu a tion s in p rices. T h e stren g th o f w h ea t, h o w
e v e r , has im p a rte d a firm er to n e to th e m a rk et at tim es.
T h e re ce ip ts, t o o , h a ve b een m od era te and a v a ila b le supplies
co n tin u e to dim inish despite rep o rts cu rren t o f late th a t
co u n tr y h old ers are w illing to sell. Y e t th e sp e cu la tio n has
b e e n a d u ll, profession al affair and th is fa c t has h eld in ch eck
th e u p w a rd te n d e n cy n o tice a b le .
T o -d a y th e m a rk et w as
du ll and easier in th e m a in , ow in g to a setb a ck in w h ea t real
izin g an d la rger offerin gs.
since A u g . 1, fo r each o f th e last th ree yea rs, h a v e b een :
R eceipts at
—
F lou r.
W heat.
Corn.
Oats.
B a rley
.
R ye.
bbls.l96lbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushASlbs. bu. 56 lbs.
Chicago----- 201,503
623,833 1,817,284 2,972,375 911,016 79,812
Milwaukee. _ 98,525
289,520
73.150
336,000 599.200 28,000
228,962 439,650 39 816
D u lu th .__ 210,000 1,843,623
6,392
1,839;600
58.440
811,170 390,480 66.880
Minneapolis.
1.000
202,000
162,710
Toledo _____
149.000
95,600
Detroit3,400
58,089
49,666
190,610
Cleveland__
19,317
132,349
1,589
960,060 130.000 15,000
St. Louis__
66,825
504,957
648,425
387,000
9o,u00 17,000
Peoria
13,200
14,400
288.200
72,000
1,282,000
198,000
Kansas City.
Total week. 595.042 6,677,339 3,420.906 6.216,487 2.566.346 247,508
Same wk. ’05 638,588 7,892,841 2,013,704 §.519,370 2,912.414 293.872
D A ILY CLOSING PR IC E S OF NO. 2 M IX ED CORN IN NEW YORK. Samewk
504 536,661 6,939,541 1,723.536 3,141,752 2,070,871 335,959
F r i.
S a t. M o n . T u e s .
W e d . T h u r s.
Cash corn.
___ 55 4 55 4 55 4 55 4 55 4 55 4
Aug- 1
Decem ber delivery in elevator. _.___ 5334 53 4 53 4 53 4 5 3 4 5 3 4 Since
6,416,795 81,312,372 46,223,379 66,778,782 19,320,645U.979.677
1906____
Jan u ary delivery in elevator . __51 4 5 1 4 5 1 4 51 4 5 1 4 52 4
6,029,708
86,079,269 43,185,780 81,720,171 27,549.126:2.780.578
1905____
May delivery in elevator
. . . - 5 0 4 5 0 4 50 4 50 4 5 0 4 50 4
1904____ 5,314.292 85,406,971 38,749,660 65,357,029 26.581,141 2. S49.233
D A ILY CLOSING PR IC E S OF CORN FU T U R E S IN C H I C A G O .
S a t. M o n . T u e s . W e d . T h u r s .
T o ta l receipts o f flou r an d gra in at th e sea b oa rd p o rts for
F r i.
Decem ber delivery in elevator. .-----43 4 43 4 43 4 43 4 43 4 43 4 the w eek en d ed O ct. 27 1906 fo llo w :
44
44
M ay delivery in elevator _ _ ___ 44
44 4 44 4 44
___ 44 4 44 4 4 4 4 44 4 44 4 44 4
Ju ly delivery in elevator. _
F lo u r ,
W heat,
Corn,
B a rley,
Oats,
R ye,
bbls.
bush.
bush.
bush.
busk.
bush.
R eceipts at—
O afs fo r fu tu re d e liv e ry in the W estern m a rk et h a ve b een
149,142 1,001,400 223,200 656,500 57,700 64,350
New York _
---------- 37,124 293,473 132,203 131,847 9,675
firm er w ith th e tra d in g fa irly a ctiv e .
T h is has b een due Boston
Portland
214
24.000
49,869
la rg ely to th e stren gth o f w h ea t, th o u g h th e fa c t th a t there Philadelphia — . 81.405
226,688 106,169 102,900 2.000 2,347
79,295
139,411
459.722
Baltimore_______
102,873
34,794
has b e e n an a ctiv e sh ip p in g d em a n d at th e p rim a ry m ark ets Richmond __
7,416
32,228
17,500
2,642
26.438
_______
36,865
197,142
80,000
13,842
Newport
News----h a s h elp ed to b rin g a b o u t th e stron g er situ a tio n . A t tim es New Orleans.a__
12,781 159,200 453,000 101,500
218,000
9,000
Galveston----------- __
th e sh ip m en ts fr o m th e p rin cip a l m a rk ets h a ve e x ce e d e d the M
24,917 561,048 262,304
47,711 3,000
o n treal..----537
7,500
re ce ip ts.
C om m ission houses h a ve b o u g h t to som e ex ten t Mobile _ . ___
392,831 2,692,313 1,917.609 1,249,769 72,375 117,975
Total week
an d sh orts h a ve co v e r e d . T o -d a y prices closed slig h tly low er,
Week 1905---------- 480,109 2,903,546 956.902 1,921,499 602,S90 44.634
o w in g m a in ly to realizin g and a rea ction in w h ea t.
a Receipts do not include grain passing through New Orleans for foreign ports
on through bills of lading.
D A ILY CLOSING PR IC E S OF OATS IN N E W Y O R K ,
S a t. M o n . T u e s . W ed . T h u r s .
F r i.
T o ta l receipts at p o rts fro m Jan. 1 to O ct. 27 com p a re
M ix ed___________________________ 38
38
38
38 38
38
W hite clipped, 36 to 38 lb s______ 39-41 39-41 39-41 39-41 3 9 -4 1 3 9 -4 1 3 ^ as follow s fo r fo u r years:
R eceipts of—
1906.
1905.
1904.
1903.
D A ILY CLOSING PR IC E S OF NO. 2 M IX ED OATS IN C H I C A G O .
F lo u r________________bbls_ 14,288,968 10,479,016 14,210,354 17,644.819
S a t. M o n . T u e s . W ed . T h u r s .
F r i.
Decem ber delivery in elevator - - - 3 3 4 33 4 3 3 4 33 4 3 3 4 3 3 4 W heat_______________bush. 84,347,133 31,813,123 34.544,572 S4,7S3,S81
May delivery in elevator
35
35
- - 3 4 4 35
3 5 4 35 4
83,490,547 81,417,906 44,769,942 88,191,314
July delivery in elevator. _ __ ---.3
3 4 33 4 33 4 33 4 33 4 3 3 4 Corn______________________
Oats______________________ 67,262,635 56,075,183 39,687,634 43,844,754
Barley ___________________ 3,974,161
7,747.355 3,695.297 3.254,951
R y e______________________ 1,313,491
988,913
807,024 3,680,582
T h e fo llo w in g are th e clo sin g q u o ta tio n s:
Total grain______________240,387,967 178,042,480 123,504,469 223,755,482
FLO U R .
$2 80 @$3 00 K ansas straights
Low grades____
$3 45 @$3 65
T he e x p o rts from th e several sea boa rd p o rts fo r th e w eek
2 65 @ 2 75 K ansas clears___
Second clears.-.
3 00 @ 3 20 en din g O ct. 27 1906 are sh ow n in th e a n n exed sta tem en t:
3 40 @ 3 65 Blended p a te n ts.
Clears _________
4 30 @ 4 90
3 65 @ 3 75 Rye flour_______
S traights ______
3 65 @ 4 15
heat,
Corn,
F lou r,
R y e, B a rley,
Oats,
P ea s,
3 75 @ 4 00 Buckw heat flour
P a te n t, spring..
2 25 @ 2 35 E xports from — Wbush
.
bush.
bbls.
bush.
bush.
bush.
bush.
3 65 @ 3 85 | G raham flour___
P a te n t, w inter.
2 90 @ 3 75 New
Yrork _ _ 987.S98 207.655 55.123 122,617
107,784 5,606
3 75 @ 3 8 5 |C o rn m e a l______
K ansas p aten ts
2 75 @ 2 85 Portland___
__ . 24,000 49,869
214
Boston _ — _ 56,000 75,385 7,889
380 8.400 12,161 8,139
G RA IN .
______
Philadelphia — . 104.000 104,077 44.7S7
____
__
W heat, per bush.—
c. Corn, per bush.—
Baltimore __ __ 131.913 309,670 54,351
c.
______ __f&Ij
N. D uluth, No. 1 . f.o.b.N om inal. No. 2 m ix ed __________ f.o .b .55 V2 Newport News. _. 36,865 197,142
13,842
80,000
_
_____
___ P ____
N. D uluth, No. 2_ f.o.b.N om inal. No. 2 y e llo w _________ f.o .b .55 Yi Mobile________ __
7,500
537
____~
No. 2 w h ite ___________ f.o .b .56
New O rleans__ _ 262.700 200.S75 67,146 22,974
Red w inter. No. 2 f.o.b. 83 %
______ ____
Galveston
_ 712,823 22,200 2.700
H ard “
“ f.o.b.N om inal. R ye, per bush.—
2,700
No. 2 W estern_______ „
O ats— M ixed, bush.—
Montreal.
. 473,824 211,314 28,065 101.824
24,379 1,941
65
No. 2 w h ite___________ Nominal.
S tate and Jersey______ Nominal.
No. 2 m ix e d __________
38 Barley— W e ste rn _______ Nom inal.
Total week__ .2,790,023 1,385,687 260,812 330,315 22,242 144,264 15,684
No. 2 w hite clipped___ 39 @41H F e ed in g ________________
43 @44 Same time 1905- .1,780,230 1,081,681 300,990 1,093,179 25,440 593,845 24,058
1131
THE CHRONICLE.
N ov. 3 1906.]
T he d estin a tion o f these e x p o rts fo r the w eek and sin ce
J u ly 1 1906 is as b e lo w :
h a v e ca u sed b u y e rs to h esita te b e fo re a d d in g to tlieir c o m
m itm e n ts, b u t th e s o ld -u p co n d itio n o f the m ills, the s c a rcity
r, ^
o f su p p lies an d th e co n tin u e d fillin g in d em a n d h ave ten d ed
Since
Since
Since to stren g th en the d em a n d s o f sellers, and p rices in co n se
Week
July 1
July l
Week
Week
July 1
Som e id ea o f the p resen t
1906.
1906. Oct. 27.
Oct. 27.
1906. q u en ce h ave been firm ly h e ld .
Exports lor week and Oct. 27.
bush.
bush.
bbls.
bush.
bush. sta tu s o f th e gen eral m a rk et ca n b o g a th ered fro m an a n
bbls.
•• since July 1 to—
United Kingdom. 134.969 2.021.505 1.052.615 18.314.157 652,658 4.990.940
Continent________ . 65.743 794.576 1.729,463 15 836.202
675.353 7 .632.376 n o u n ce m e n t b y the sellin g a gen ts o f a w ell-k n ow n line o f
3.945
50.621
1,344
So. and Cent Amer.. 5.558 227.354
276 045 sta p le g in gh a m s to th e e ffe ct th a t these h a v e been a d v a n ce d
4 .000
4 .000
55.132
566.618
West In d ies..____ 28.818 422,723
______
36.813
1 200
29.011 to o % c .; th a t th ey are w illin g to a ccep t ord ers fo r a lim ited
Brit. No.Am Cols. . 7.090
90.490
128.251
Other Countries___ 18.634
142.787 q u a n tity fo r equ al d eliveries d u rin g F e b ru a ry , M arch and
Total..........
.....260.$12 3.593.401 2.790.023 34.333.231 1,385.687 13,037,777 A p ril, to be d u p lic a te d , if d esired , d u rin g M ay and Ju n e, at
this price; th a t th e y can a c c e p t n o ord ers fo r earlier d e liv e ry J
Total 1905............... 300,990 2,711,5S0 1 780.230 10,877.757 1.081,581 17.731,010
T h e v isib le su p p ly o f g ra in , c o m p ris in g the s to ck s in a n d th at th e y d o n o t e x p e c t to m ak e a n o th er offer du rin g
H e a v y b ro w n g o o d s h a ve sold well d u r
g ra n a ry at the p rin cip a l p o in ts o f a c c u m u la tio n at lake and th e entire sea son .
ing
the
w
eek
and
are
v e r y firm ; b le a ch e d g o o d s , w here o b
sea b oa rd p o rts O ct. 27 1906, w as as fo llo w s :
ta in a b le, are h eld at full v a lu e .
L in in gs h a v e been a d v a n ce d .
Corn,
Oats,
Wheat,
Rye.
Barley,
bush.
bush.
bush.
bush.
hush. P rin t clo th s are q u ie te r b u t p rices rem ain ste a d y at th e recen t
217,000
5S9.000
74.000
20.000 le v e l.
New Y o r k .......... . - - . 1.736.000
"
afloat_____
35.666
495.000
475.000
496.000
- 1.606.000
395.000
M ontreal___________ .
__
Philadelphia
Baltimore________ - _
15.000
55.000
565.000
538.000
26.000
219.000
16.000
94.000
535.000
233.000
1,000
14,000
116.000
91.000
S .000
652,000
1,000
8.000
533.000
381.000
534 000
854.666
190,000
1,447,000
13.000
1.000
310.660
139.000
63,000
63,000
’ s >956.666
"
afloat_____
461.666
Milwaukee.............. .. !
“
afloat_____
2.470.666
- 1.513,000
Duluth_____________ . 3.175.000
"
afloat______
Minneapolis_________ 2.280.000
. 3,491,000
St. Louis______ "
afloat______
. 3,511 660
427.000
1.003.000
631,000
64.000
443.000
19,000
.
Buffalo__________
afloat______
T o le d o-------- ----------- .
••
afloat______
**
afloat_____
1.000
1 .212.000
288,000
17 000
719,000
138.000
824.000
30.000
34.000
1.721.000
591,000
98.000
15.000
256.000
14,000
90.000
1,041,000
46.000
9.000
On Mississippi R iver..
On Lakes___ _____ I 2,845.666
On Canal and R iver.. .
164,000
37.000
63.000
72.000
510,000
33,000
272.000
279.000
25.000
1,070.000
287,000
1906. .37.076.000
1906. _37.165.000
1905. -2S ,339,000
1904. .26.495.000
1903. -22.216.000
1902. _32.200.000
3.787,000
3.739.000
3.456.000
3.049,000
7.332.000
2 5S4 000
9,933,000
9,088.000
26.577,000
2,399.000
S,979.000
7.515 000
1.587 000
1,485.000
1,727.000
1.773,000
1.026.000
1.172.000
3.316.000
2.795.000
5.857.000
6 397.000
4.938.000
3.399.000
200.000
365,000
Total Oet. 27
Total Oct. 20
Total Oct. 2S
Total Oct. 29
Total Oct. 31
Total Nov. l
THE DRY GOODS TRADE.
ATew Y ork, Friday Night, November 2 1906.
O c to b e r w as on e o f th e m o st e x tra o rd in a ry m o n th s in the
c o tt o n g o o d s m a rk et in yea rs and w as rem a rk a b le b o th fo r
th e v o lu m e o f business tra n sa cte d and th e u n u su a lly large
a d v a n ce s th at o ccu rre d .
W ith p r a c tic a lly n o business from
Chinese sou rces and o n ly a n o rm a l dem an d fr o m m iscel
lan eou s co u n trie s, m ills w ere so o v e r-ru n w ith ord ers from
the d o m e stic trad e th a t th eir o u tp u t is b o o k e d u p fo r several
m on th s to co m e and a p o s itiv e s c a r c ity o f g o o d s exists fo r
all n e a r-b y deliveries. W h ile th e d em a n d still cen tred p rin
c ip a lly on th e finer classes o f fa b r ic s , y e t coarser grad es,
esp ecia lly tow a rd s th e close o f th e m o n th , w ere in v e r y
g o o d requ est and jo in e d in the u p w a rd m o v e m e n t. S om e o f
the a d v a n ces th at o ccu rre d d u rin g th e m o n th w ere as fo l
low s: P rin t cloth regu lars, sta n d a rd g ra y g o o d s , 4 -y a rd
sh eetin gs, d en im s, tick in g s and b le a ch e d g o o d s , 3^ c.; 3 -y a rd
sh eetin g s,
to JyR.; sta n d a rd sh eetin g s, J^c. to % c .;
g in g h a m s, 14c -> and k id -fin ish ed ca m b rics ,
In a d d i
tion to th ese, m a n y lines h a ve been e n tire ly w ith d ra w n fro m
sale or are held at v a lu e , m a k in g th e p rice at w h ich th e y cou ld
be b o u g h t t o -d a y , if a v a ila b le fo r rea son a b le d e liv e r y , e x
trem ely d o u b tfu l. One o f the m o s t n o tice a b le fea tu res o f
the m on th w as the w illin gness o f the larger b u y e rs to c o n
tra ct ahead at the higher v a lu es, sh ow in g th e ir a p p recia tion
o f th e in h eren t stren gth o f th e situ a tio n and th eir d eterm in a
tion to c o v e r requ irem en ts and n o t run th e risk o f b e in g short
o f n eed ed su p p lies. W o o le n and w orsted g o o d s w ere c o m
p a ra tiv e ly q u iet d u rin g the m on th b u t h eld firm and are n ow
beg in n in g to sh ow m ore a c tiv ity .
W O O L E N G O O D S .— M ore sea son a b le w eath er has m a
teria lly a id ed th e w oolen a n d w o rs te d g o o d s m ark et d u rin g
th e w eek an d business has sh ow n a d e cid e d in crease.
N ot
o n ly h ave d u p lica te ord ers fo r sp rin g g o o d s been receiv ed in
su ch v o lu m e as to insure su fficie n t w ork fo r th e m ills, b u t
h e a v y -w e ig h t b u sin ess a n d p u rch a sin g o f o v e r c o a tin g s has
b een d e c id e d ly larger. In the la st-n a m e d th e d em a n d has
ce n tre d p rin cip a lly on kerseys and m e lto n s, b u t a large b u si
ness has also been d o n e in fa n c y g o o d s on th e to u rist co a tin g
o rd e r, w ith lig h t g ra y s still p r o v in g v e r y p o p u la r. In th e
re -o rd e rin g o f h e a v y -w e ig h ts , w oolen s h a v e sh ow n u p m u ch
b e tte r th an fo r som e tim e past and m ore th an on e w oolen
m ill has b een ab le to re p o rt th e largest O c to b e r bu sin ess on
record .
M ills g e n e ra lly are n o w ru n n in g n ig h t and d a y to
finish off the h e a v y -w e ig h t bu sin ess as q u ick ly as p o ssib le ,
so th a t th ey m a y start o n the sp rin g lin es in g o o d tim e to fill
the large n u m b er o f ord ers re ce iv e d .
W hile the p o sitio n o f
w o o le n s has im p r o v e d , w o rste d s h ave b y n o m ean s been
n eg lected a n d , on sp rin g business p a r tic u la rly , th e y are well
situ a ted . T h e d re ss-g o o d s m a rk et has been fa irly a ctiv e
b u t has sh o w n little ch an ge in the ch a ra cter o f tra d in g , th e
b e st p u rch a sin g b e in g still o f th o se lin es w h ich h a v e p r o v e d
th e m o st p o p u la r d u rin g recen t w eek s. C loak in gs h a v e sold
fre e ly .
F O R E I G N D R Y G O O D S .— Im p o rte rs o f w o o le n and
w orsted d re ss-g o o d s are co n fid e n t th a t th e y w ill h ave n o d if
ficulty’’ in d isp osin g o f all th e g o o d s th e y ca n ob ta in a t full
p rices, and it is a q u e stio n w h eth er th e su p p ly w ill equ al th e
d em a n d . Im p o r ts o f silk p iece g o o d s co n tin u e to fall off
b u t p rices are h igh er.
R ib b o n s are firm .
L in en s con tin u e
stron g and in g o o d d e m a n d .
B u rla p s are q u ieter.
Im p o r ta tio n s a n d W a r e h o u se W ith d r a w a ls o f D r y G o o d s .
T he im p o r ta tio n s a n d w a reh ou se w ith d ra w als o f d ry g o o d s
at th is p o rt fo r th e w eek en d in g N o v e m b e r 1 1906 and since
Jan . 1 1906, an d fo r th e c o rre sp o n d in g p e riod s o f last y ea r,
are as fo llo w s:
a
g
2 c/ao *
5 h
a
s5 2. S? Ct O d
g
C5 0
“ M^ £ o. £>
Pi
a
p
o
s°
Xeic York to October 29.
Great B rita in ____________
Other European__________
China____________________
India _____ ____________
A ra b ia ___________________
A frica ___________________
W est I n d ie s _____________
M e x ic o _____ _______. . . . .
Central America .
South America
Other Countries .
. .
CdO5^
ES g
5
g
V
© x. !
INJ O ' M d ha
-d Cl I ► - O O O H
— Cc | so cc © CO ©
I
“4
HA
o o ; *4-<
iC
7csc
p Co
C ocC m o j
to C« I ■
OJ C y O GO
Co co Co Oc Ji.
oS!
O0 d CD CO to
E SI
t o C l '. d ■>! C L O
»»0© I CC 00 V j to o
•vi c !
;10 i
—“i
CO 53
Oi to
M C
i- 3
CS
■t* c d y h
, O Oo Go O
■4 C Wm o
00 X-
Ci Ci c« © ©
-------1905------.Since
Week. Jan. 1 .
1,011
71
826
6
99,887
13,420
22,340
9,157
i
639 27,325
2.433
49
59 14 ,369
50,866
2,368
107 14,521
5*
.
-* 11 u
0
x- h- ©
© tc Oc 1 CCHAd
3,240 256,155
s
Ih e valu e o f th eo" New i ork e x p o rts sin ce Jan. 1 has been
§1 4 ,217,401 in 1906, against §1 3 ,8 5 0 ,5 8 8 in 1905.
D u rin g the w eek b u y in g fell o ff to som e e x te n t, to the relief
o f all parties.
A som ewhat- severe d eclin e in th e p rice o f
c o t t o n , high m o n e y rates and the ex ten t o f the recon I advances
•4
Cfl
8 S.
D O M E S T IC C O T T O N G O O D S .— T h e e x p o r ts o f co tto n
g o o d s fro m this p ort fo r the w e e k e n d in g O c t. 29 w ere 2,7 1 5
p a ek a g s, v a lu ed at $ 2 0 6 ,9 8 6 , th eir d e stin a tio n b e in g to th e
p oin ts specifier! in the tables b e lo w :
-------1906------Since
W eek. Jan. 1.
38
1,254
12 1,181
81 .781
500
9,884
..
40,936
1 10,065
846 23,773
113
1.777
79 12,735
500 47,474
a
a2
aa
a
o
oaa
H
"J C+
-t
a
c.
Hi
Hi
F
ro H 1
D5
© 1
d 1
y.
u
d h i to d to
~d C I t o O ' l t O C H
© CO
H-» cn h-* to
x- to !u
ts IJ I
C.* Ci» i -
—
| s - I 'o "-I Vj o
— . - I © , CJ Cs t j c s O
— - o ' *
J U I.
D N
© i s © t z co
2 2 ^ -I
5:
oa
Co
C3
© © Co
ooo
CO
a
co x*. :
co d •
CD»U<
CO C5 '
to
to CO c
HAO |
, to
© hi 00 c
oa
aM
a
oa
a
a
a
a
>
O H- ;
cso « ^
C
lo
co d
h! C
J» I COCOoo -d oo
CO Ox co
d to
*-* t o . o d ©
t o CO d
©
d
M to
o ©
a t'O
CO
a
©
Co ©
©©
IOCO
X- i
Hi H
d
d
L
Co © X- © X© © Hi d Co
© © Co © ©
Cc HAd CO©
10
to cc © CO
d ©© ©©
Co 0c ax F
Oo © © X- Co HAd
d
Co
Hi COHi d
Co to HA to Hi © d C
o
SI
= ti
SI
■t j d
•— M S4
o-
©
a
. (J
co
©
© co
co tro
o •hj oc
a
HH
O
it- to o CD©
to <1 to © ©
to to © to —
a
co
■4
a
a
o
i Co
S'
d h i cd © ©
d O Q CD O '
Co 00 4* c o OS
*■*
*©’ha cmcs to 00
£
d
■vl © o
CO
©
i^*- Co CO
a
>
TJ
O
x
h4
>
X
n
w
to H-* ha ro
d Hi COCO
co © © to ©
to I Co d CO© -.1
2
oo
©I HAto ,
I o to
; © to
I co cs
2
oaa
aa
aa
a
M
to ft 2
o
g
s !
2. o a
Co to co d :
J. M X- U O
© '---J^7i
© to d
© co
tHi -i
© *-
H A to
| d
H* tot o **4
—
3Oo Oo h
osa
>
’© © I a “oo3 fO
i © ©
O
© to O
( OO C
©
o
o
2
w
^ 6*1 a
a © §; g
iHi®
fcW
‘o d
a
<5
h! Cl i
o ©J
a
a
a
^*CJH
t
a
a
©COJ
to F
to Xk
H
Hii CCC
c a- Hi COHi ©
© © Hj d © »—
H Hi © H
i to CO HA
to X- Cc © Co co Hi cc
X- Co - Co to Co hO
o
\
o © X- lo6-*1©
X- CC
to
d CC© © Co © © Co
X. © d © Hi to Hi HA
Hi H| © Hi d © © ©
x- 0 X- © H- X- to ce
Cc 00
a a e .' m it-s
a
•4
H
a
H
CO
<3
>
5!
5
o
10j cs to ©
© !
O
a
co
a
^
d *»i ©
CD O OS w w
O "h
__
2 S E 2 S - g -b » co x - cs ©
r*
ro
© h| d
^
X- 00ce — CO .
§
THE CHRONICLE
1132
I w n
C ity D e p a r t m e n t .
awo
T h e
C h r o n ic le .
PUBLISHED WEEKLY.
Terms of Subscription—Payable in Advance
F o r On© Y e a r .............................................................................................................. $ 1 0 0 0
'iFor Six M o n t h s .........................................................................................................
6 00
E u rop ea n S u b s c r ip tio n (in c lu d in g p o s t a g e ).................................................. 13 00
'E u rop ea n s u b s c r ip tio n S ir M o n th s (in c lu d in g p o s t a g e ).......................
7 50
A n n u a l S u b s c r ip tio n in L o n d o n (in c lu d in g p o s t a g e )..............................£ 2 14 s.
S ix M on th s S u b s c r ip tio n m L on d on (in c lu d in g p o s t a g e ).....................£ 1 1 1 s.
S ubscription includ es follow in g Sections—
B an k and Q uotation (m onthly)
I s t a t e and C ity (sem i-annually)
R a il w a y an d I n dustrial (quarterly) |s t r e e t R a il w a y (3 tim es yearly)
T h e R a il w a y and I n d u str ia l S e c tio n , iss u e d q u a r te r ly , is fu rn ish e d
w itn out extra charge to e v e r y a n n u a l s u b s c r ib e r o f th e C o m m ercial and
F in an cial ch r o n ic le .
T h e St a t e an d C it y Section, issued sem i-annually, is also furnished
w ith ou t extra charge to every su bscrib er of the c h r o n ic l e .
T h e S tr e e t R a il w a y S e c tio n , iss u e d th re e tim e s a y e a r, is lik e w is e fu r
n ish ed w ith out extra charge to e v e r y s u b s c r ib e r of th e C hron icle .
T he B ank and Q uotation S ection, issued m on th ly, is also fu rn ish ed with■out extra charge to every su bscrib er of the Ch ronicle .
Terms ol Advertising—Per Incli Space
T r a n s ie n t m a tter p e r in ch s p a ce (14 a g a te
T w o M o n th s
T h r e e M o n th s
S ta n d in g B u s in e s s Cards
S ix M o n th s
T w e lv e M o n th s
lin e s )........
(8 tim e s)
(13 tim e s)
(26 tim e s)
(52 tu n es)
$4
22
29
50
87
20
00
00
00
00
C H IC A G -O O F F I C E — P lin y B a r tle tt , 513 M o n a d n o c k B lo c k .
L O N D O N O F F I C E —E d w a rd s & S m ith , 1 D r a p e r s ’ G a rd e n s, E . C.
W IL L IA M
B . D A N A C O M P A N Y , P u b lish ers,
P in e Street* C orn er o f P e a r l S treet,
P ost Office B o x 9 5 8 .
NEW Y O R K .
News Items.
Brow n’s V alley Irrigation D istrict, C al.— P r o p o s e d C o m
p ro m ise.
cle”:
—The following is from the San Francisco “Chroni
M a ry sv ille , O c t. 2 .— T h e m u d d le d a ffa irs o f th e B r o w n ’ s V a lle y Ir r ig a
tio n D istric t a re in a fa ir w a y t o b e s e tt le d . T h e h o ld e rs o f $ 1 1 0 ,0 0 0 w o rth
o f th e b o n d s o f th e d is t r ic t h a v e s ig n ifie d a w illin g n e ss t o s e tt le o n th e basi
o f 3 0 % , a n d th e la n d o w n e rs h a v e d e c id e d to a c c e p t a n d h a v e re q u e ste d
C o u n ty A ssessor B e v a n t o m a k e a n a sse ssm e n t o f th e d is t r ic t t o raise th e
a m o u n t. T h e s e ttle m e n t o n th is b a s is w ill ca ll fo r a t a x le v y o f $ 6 7 ,0 0 0 .
Middlesborough, Bell County, K y .— B o n d C o m p r o m is e .—
We are informed that a compromise has been effected with
N. W. Harris & Co. of Chicago, the holders of the $150,000
6% bonds maturing in 1921, whereby the interest rate on
these securities has been reduced to 4%. Under the terms
of the agreement the city pays $28,000 in cash in settlement
of all interest in arrears
M innesota. —C o n stitu tio n a l A m e n d m e n ts —The State of
Minnesota will vote on Nov. 6 on three Constitutional Amend
ments. The first of these relates to taxation and strikes out
from the Constitution Sections 1, 2, 3, 4 and 17 of Article 9
and substitutes a new Section, No. 1, which greatly enlarges
the power of the Legislature with reference to taxation.
The second amendment relates to State roads and the third
permits the sale of farm and garden products by the cultiva
tor thereof without a license.
North D a k o ta . —C o n stitu tio n a l A m e n d m e n t. —On Nov. 6 an
amendment to Section 162 of the State Constitution, relating
to the investment of moneys of the permanent School fund,
will be submitted to a vote. The amendment reads as fol
lows:
.
S e c tio n 1 62. T h e m o n e y s o f th e p e r m a n e n t sc h o o l fu n d , a n d o th e r e d u
c a tio n a l fu n d s , sh a ll b e in v e s te d o n ly in b o n d s o f sc h o o l c o r p o r a tio n s , o r o f
c o u n tie s o r to w n s h ip s w ith in th e S ta te , b o n d s o f th e U n ite d S ta te s , b o n d s
o f th e S ta te o f N o r th D a k o t a , m u n ic ip a l b o n d s , o r o n first m o r tg a g e s on
fa r m la n d s in th e S ta te , n o t e x c e e d in g in a m o u n t o n e -th ir d th e a ctu a l v a lu e
o f a n y s u b -d iv is io n on w h ic h th e sa m e m a y b e lo a n e d , su ch v a lu e t o b e d e
te rm in e d b y th e b o a r d o f a p p ra isa l o f sc h o o l la n d s.
New Y ork C ity . —B u d g et fo r 1907.—On Oct. 30 the Board
of Estimate and Apportionment approved the budget for the
year 1907. The aggregate is placed at $130,421,505.56 as
against $116,805,490.37 in 1906, an increase of $13,616,015.29. Among the larger increases are $2,340,865.44 for inter
est on debt, $1,557,739.47 for schools, $814,138.43 for police,
$503,423 for the Health Department and $468,604.78 for the
water department. Only two items record a decrease—that
for State taxes $827,928.56 made possible by the non-levy of
a State tax this year, and that apportioned to the Board of
Elections, which amount was reduced $105,690.
N ew York C ity. —B o n d S a le . —The offering yesterday
afternoon of $4,500,000 1% gold corporate stock attracted
121 bids, aggregating $44 700,310. The successful bidder
was the National City Bank of New York City at their
“ all or none” bid of 101.899—a basis of about 3.91%.
The bids were as follows.
) “ all or none” 101.899 Thomas F . A ram __________S 3 0 ..1 0 8 .
or.S500,000__ 101.29
H. Fisk & Son s, .a ll or any p a r t .-101.13
National City Bank • 750,000-.101.21
1 “ all or none” 100.76
7 5 0 .0 0 0 - -101.13
IorS500,000._ 101.83
1.000,000.-101.06
I $500,000.-101.73
i $500,000.-101.52
1 .5 0 0 .0 0 0 .
. 100.97
J . & W . Seligman & • $500,000.-101.32
$500,000--101.15
C o _____________
5 0 0 .0 0 0 -100.90
$500,000.-101.10
500.000- .100.65
W m .Salom on & Co.
$500,000.-100.78
1.000.
0 0 0 .-1 0 0 .5 2
$500,000.-100.63
1.000. 0 0 0 .-1 0 0 .4 0
$500,000.-100.30
J 1,000,000.-100.28
$500,000--100.13
j
[V O L .L X X X III,
$250,000.-101.379
$250,000.-101.279
$500,000..101.179
I $500,000.-101.079
$500,000-.100.979
A . B . Leach& C o .. \ $ 5 0 0 ,000.-100.879
$250,000.-100.779
$250,000. .100.679
$500,000.-100.379
$500,000.-100.179
J $500,000-. 100.079
Empire State Sure
ty C o. ..................
$100,000.-102.50
W . H. M ayer_____
$ 1 ,0 0 0 .-1 0 3 .
Peter J. M orrison..
$ 5 ,0 0 0 .-1 0 2 .
Henry G. Makin___
$ 5 ,000--102.
I. N. Lewis----------$ 5 0 ,000..101.50
Jno. D. E veritt& Co
$100,000.-101.43
Oswego City Sav.B k.
25.000-.101
B . Llmann & C o . . .
25.000--101
T obey & K irk ______
50.000_.101
Morris Heimerdinger
1 6 .0 0 0 .. 101.06
Lawrence Bam um J $100,000.-101.26
Sc C o .................... \
100.00U --100.76
Stout & C o......... ..
2 6 .0 J 0 - -ljl.3 1
New York Sav. B k .
200,000101.08676
Vickers Sc Phelps
2 5 ,000.-101.05
Albert Goldm an____
15.000--101
E. O. R o s e _________
10.000-.101
Orvis Bros. & Co___
25.0 0 0 -.1 0 1
1 $100,000.-101.076
1
100.000--101.016
$ 200, 000 . - 102.01
Jos. W alker & Sons)100 0 0 0 ..1 0 0 .8 1 6
1 0 0 .0 0 0 .
-101.75
| 100,000. .100.766
Schafer B ros______ }•
1 0 0 .000.
-101.50
J
100,000.-100.516
1 0 0 .0 0 0 .
-101.25
I
BroadwayTrust C o ./ $125,000. 100.50
J 100.000. -101.05
50.000. 101
James B. B utler___
$ 20 , 000 . . 102.
8500,000. 101.189
Frederick Horn Jr.
$ 200 . . 102.
Kountze Bros.
500.000. 101.064
1
$25,000.-102.75
500.000. 100.939
Eugene H . P a u l ...
2 5 .0 0 0 . -102.50
$100,001 . 101-09
2 5 .0 0 0 . _102.25 Dollar Savings Bk.
Ior 100.000. 101.05
2 5 .0 0 0 . .102.
A . Iselin & C o_____
07
10 . 000 . IOI.
Fulton Sav. B ank.
$ 1 0 ,0 0 0 ._102.
1 $50,000. 101066
R ob ert R . R eed ___
$2,500.-102.20
I
50.000. 100.931
$50,000.-101.875
50.000. 100.797
1 0 0.000.
-101.78
v
Moffat & W hite.
50.000. 100.664
2 0 0 .0 0 0 .
-101.69
\
50.000. IOJ. 532
400.000. .101.54
50.000. 100.401
I
2 0 0 .0 0 0 .
-101.39
50.000. 100.271
J
2 5 0 .0 0 0 .
-101.26
R . L . D ay & C o.__
300.000. _101.16
$10,000. 101.31
1
3 0 0 .0 0 0 .
-101.05
I
10,000. 101.41
. ..
Catskill Sav. Bank ir
10,000. 101.51
250.000. .100.92
10,000. 101.61
250.000. .100.78
10 , 000 . 101.71
J
250.000. .100.66
1 $500,000 101.03
250.000. .100.54
W m . A . R ead & Co. j300.000. 100.77
$25,000.-101.77
300-000. 100-57
I
2 5 .0 0 0 . -101.66
J 300.000. 100.37
2 5 .0 0 0 - _10l.55 Asiel & Co.
J $125,000. .101.17
O ’ Connor Sc Kahler
2 5 .0 0 0 . -101.44
125-000. 100.88
2 5 .0 0 0 . -101.33 Philip M arqu ard___1
200.000. 101.20
2 5 .0 0 0 - _101.25 Great Eastern Casu
2 5 .0 0 0 . -101.12
alty & Tndem. C o.
50,0 0 0 .-1 0 1 .1 0
2 5 .0 0 0 - _101.01 Heimerdinger Harrit
J
Joh n C . Schenck___\
$25,000- _102
& L _____________
50.000. 101
25.000- -101.50
i
Mfg. Nat. B k ., T roy
250.000. .101
Edw . Sc C. Randolph
10.000. . 101.01
$5,0 0 0 .-1 0 2
1
) $11,000. .101.50
Henry I. D orr_____ \
5 .0 0 0 - -101.75
11 , 0 00 - .101.75
1 0 .0 0 0 . -101.50 William A . Jenner . }
6 , 000 . .101.50
J
5 .0 0 0 . -101.27
Adam N ic h o l______
5,000. 101
510.000_
101.853
1
W m . C. B in n e y ____
4.500, 100.75
1 5 .0 0 0 . . 101.66
$200 000. 100.69
1
James L . Laidlaw .
2 0 .0 0 0 . -101.431
200.000. 100.59
2 5 .0 0 0 . -101.224 Goldman, Sachs&Co I}■ 200,000. .100.49
30.000. .101.651
200,000. 100.39
I
Edgerly & Crocker.
25.000__101.70
200,000. 100.29
J
Merrill,
Oldham
&
1 $ 200 , 000 . 100.80
C o _____________
100,000--102.03
Edward Canfield. _ j10 , 000 . 100.755
$50,000.-101.89
1
15.000. 100.39
J
Herrick, Hicks &}•
50,000_. 101.79
W . J. Hayes&Sons
$200,000. 100.70
Colby __________ |
50,000_-101.59
$ 5 0 T r0. .100.99
1
5 0 .0 0 0 - _101.39
)
50.000. .100.75
50.000. 100-63
Groton Savs. B ank .
10 , 000 _ - 102.10
100 , 000 . 100.52
Forrest Glenn______
1 .0 0 0 . -101.50 Mills Bros. & C o___[
250.000. 100.43
Hannah P. Glenn___
1 .0 0 0 - .101.50
250.000. .100.36
Geo. H orn _________ j
$ 1 0 -_101.50
250.000. 100.256
50_-100.01
Mutual Alliance Tr.
Henderson, Lindleyl
$ 20,000._10i.50
C o _____________
$ 100 , 000 .--100.50
& C o ___________ J
2 0 .0 0 0 . -101
$200,000-.100.29
R . S. H incks_______
5 0 .0 0 0 . -101,677
2 0 0 .0 0 0 -100.49
$10,000.-101.625 Bankers' Trust C o. }■ 100.000)
.100.69
15.000. .101,50
20.000-.100.75
J
15.0 0 0 - , 101.25 Fisk Sc R o b in s o n ._ $1.000,000--100.713
G. W . W alker & Co}2 5 .0 0 0 . -101.01
Pfaelzer & C o ____ /
$50,000-.100.50
2 0 .0 0 0 . .101
1
50,000--101.
2 5 .0 0 0 . -100.80
30.000. .100.515
)
S 15 .0 0 0 --1 0 l.0 4
R . L. D a y & C o
30.000. _ 101.69
Wadsworth &
I
5 ,0 00.-100.87
$15,000.-101.39
5 .0 0 0 -.100.70
W r ig h t _________ V
B enj. F ish e r______
25.000__101.55
j
5 .0 00--100.53
50.000. _ 101.69 Maiden Lane Sav
1 0 .0 0 0 . -101.85
ings B a n k ___
$25,000.-101.10
$250,000- -101.
Alfred W . Trem ain.
3 .0 0 0 . -101.64 Williamson &Sauire
$500,000.-101.01
W m . R . B ritton ___1
5 1 .0 0 0 - -101.50 New Y ork Trust Co.
1 .0 0 0 .
-101.25Fflton Trust C o___/
$105,000.-100.375
5 0 .0 0 0 . -100.125
\
$200,000.-101.89
400.000. .101.79
Herzog Sc Glazier. _
5 2 5 .0 0 0 _100.75
2 0 0 .0 0 0 .
-101.69
Jas. R . M a g o ffin .-/
5 5 .0 0 0 - _100.13
200.000. .101.59
5 .0 0 0 - -100.25
* •
1
100.000.
-101.51
W ashington Tr. C o ./
550.0 0 0 . 100.50
Kidder, P eabody &
1 0 0 .000.
-101.31
5 0 .0 0 0 . .101.
C o ----------------1 0 0 .000.
-101.19
X
100.000. -101.05 Frederick S. E aston/
$5,0 0 0 .-1 0 0 .3 0
100.000. _ 100.91
5 .0 0 0 - -100.25
1
100.000- _ 100.81
$ 1 0 .-1 0 0 .5 0
H enrv T . Van L oan /
100.000. .100.69
1 0 ..1 0 0
1
A . W einberg.
3 .0 0 0 . -101.51
S2,000_. 100.25
J. Lester B rant____
525.0 0 0 .101.50
$25,000.-100.075
200.000. .101.125 Lewis W . S lo c u m -./
2 5 .0 0 0 - -100.475
1
2 0 0 .0 0 0 .
101.0625
$25,000-.100.25
P otter & C o --------100,000101.03125
1
25.000. .100.50
Citizens’ Trust Co_ - }
2 0 0 .0 0 0 .
-101.
2 5 .0 0 0 . -100
200.000_100.9375
J
J 200.000. .100.875
S100.000_-100.73
Gordon Grand-----5 5 0 .0 0 0 - - 101.575
100.000. .100.59
$100,000.-101.779 M ackay & C o_____ V
100.000.100.43
Blodget, M erritt &}>
100.000-101.527
- 100.21
100 .000 .
1 0 0 .0 0 0 . -100.07
100,000__101.184
C o ____ — — — -J
S2,000__101.751
1
1 S100.000-_100.56
150.000-100.26
2,000__101.592 J. S. B ache & C o_. f
I
Frank M. B urger.-jJ 2 5 0 .0 0 0 . -100.06
2 .0 0 0 . -101.413
2 .0 0 0 - .101.234Long Island Loan Sc] $ 5 0 ,0 0 0 .-1 0 0 .3 2
2 .0 0 0 - . 101.052 Trust Co_______ }•
J
50.000. .100.52
5 0 .0 0 0 - -100.71
$500 .-1 0 1 .5 0
J
Henry M cD on ald..}5 0 0 ..1 0 0 .7 5
M illett .Roe& H agan $ 1 0 0 ,0 0 0 .-1 0 0 .6 3
5 0 0 .-1 0 0 .
J
Farson Son & C o__/S 1 0 0 ,000--100.01
1 100,000- -100.30
5 2 5 .0 0 0 -101.53
1
2 5 .0 0 0 . -101.266 Coal & Iron N at.B k
$ 100 , 000 . - 100.01
2 5 .0 0 0 - _100.77 R . B . Corey---------R hett & Co.
S 5.000--100.50
25.000- -100.53
Commerce Ins. C o .,
$20,000. _ 100.50
A lb a n y ------------5 1 0 .0 0 0 _101.408
S10.000__100.125
10.0 0 0 - -101.1S9 Edward McCarthy.
$100,000. .100.50
A. B . C ayce______
10.000. .100.97
C. M. Trowbridge.
$2.500_-100.
1 0 .0 0 0 . -100.751 Dr. John T. Cahill.
S 10.000-.100.
1 0 .0 0 0 . -100.532Hallowell Sc Henry
Citizens’ Trust Co.,
$125,000._101.60
$15,000--100.
F red on ia ____ ___
125.000.
-101.50
$ 200 .000 . - 100.
Mechanics’ Nat.Bk.
1 2 5.000.
-101.40
Rhoades & C o-------$ 6 , 000 . _ 100.
F. W . Seltan______
125.000- -101.30
I
$ 10, 000 . - 100.
Albert U. T o d d —
125.000. _ 101.20
$100.000.-100.
125.000- .101.10 Hamilton Trust Co.
J
$25,000.-100.
Chas. G. Gates &Co_
$10.000__102.
1
$ 120, 000 . - 100.
10.000. _ 101.75 C. G. Gillard______
Louis W echsler------ 1
i New Y7ork Produce
110.000-100.50
99.
B ank .
1 0 .0 0 0 . -100.25 1 Exchange
100 000 101.00
J
1
j
]
--------L-k-
J!
X o v . 3 1 9 0 6 .]
T H E C H R O N IC LE.
B o n d P r o p o s a ls a n d N e g o tia tio n s this week
have been as lollows:
Adrian, Lenawee County, Mich.—Bond Sale.—This city
has awarded the $75,000 sewer bonds mentioned in V. 83, p.
644, to local citizens at par for 4s. Interest semi-annual.
Ansonia, Darke County, Ohio.—Bond Offering.—Proposals
will be received until 12 m. Nov. 5 by Earl Hostetter, Village
Clerk, for $1,200 5% coupon Main Street storm-sewer bonds.
Denomination $600. Date Nov. 5 1906. Interest annually
in June at the Citizens’ Bank Co. in Ansonia. Maturity Nov.
5 1912 and Nov. 5 1913. Certified check for 5% of the bonds
bid for, payable to the Village Treasurer, is required.
Ashtabula School District (P. O. Ashtabula), Ashtabula
County. Ohio.—Bond Election.—An election will be held in
this distret Nov. 6 to vote on the question of issuing $40,000
4L>% 20-year school-building and improvement bonds.
Atlantic County (P. O. Atlantic City), N. J.—Bond Offer
ing.—Proposals will be received until 11:30 a. m. Nov. 6 by
the Board of Freeholders for $47,000 4% gold registered
building bonds. Denominations: 7 bonds of $5,000 each
and 2 bonds of $6,000 each. Date of bonds Nov. 1 1906.
Interest January and July at the County Collector’s office.
Maturity one bond yearly beginning Jan. 1 1911
Basil, Fairfield County, Ohio.—Bond Offering.—Proposals
were asked for up to 12 m. yesterday (Nov. 2) by C. C. Leitnaker, t illage Clerk, for $1,000 4% registered street-improve
ment bonds. Authority Sections 2835 and 2836 of the Re
vised Statutes and Ordinance No. 18 passed Sept. 12 1906.
Denomination $100. Date Sept. 15 1906. Interest annu
ally at the Bank of Basil. Maturity from two to eleven years
from date. Bonds are exempt from taxes. Bonded debt,
this issue. Assessed valuation $200,000. The result of this
offering was not known to us at the hour of going to press.
Battle Creek, Calhoun County, Mich.—Bond Sale.—On
Oct. 29 $13,000 4% paving bonds were awarded to A. B.
Leach & Co. of Chicago for S13,050 75 or 100.39. Securities
-are dated Sept. 1 1908 and mature Sept. 1 1923,
Bayonne, N. J.—Bond Sale.—The Finance Committee has
awarded $100,000 4% improvement bonds and $23,500 4%
fire-department bonds to the Sinking Fund.
Beverly, Mass.—Temporary Loan.—A loan of $50,000 was
recently negotiated with Bond & Goodwin of Boston at 4.98%
discount. Loan matures March 1 1907.
Big Timber, Sweet Grass County, Mont.—Bond Sale.—On
Oct. 22 the S40,000 6% 10-20-year (optional) coupon water
works bonds described in V. 83, p. 452, were awarded to the
Trowbridge & Niver Co. of Chicago at 102.50 and accrued
interest. Following are the bids:
T r o w b r id g e & X iv e r C o . ,C bIS41,000 00 |F. M . S w in d leh u rst,L iv ln g s'n .$ 4 0 ,5 0 0
W m . E . S w eet & C o ., D e n v 4 1,0 26 70 ! J oh n N u v een & C e ., C h ic a g o . 40,0 45
U n io n B k . & ,T r. C o .. H e le ’a40,975 00 I
Bloomfield, Essex County, N. J.—Bonds Approved.—The
public meeting Oct. 29 resulted in favor of the issuance of the
$10,000 public-recreation-ground bonds mentioned in V. 83,
p. 1055. The vote, according to local papers, was 80 to 76.
Boston, Mass.—Bond Sale.—An issue of $14,400 3J^%
emergency-hospital bonds was recently disposed of to city
trust funds at par. Securities are dated Oct. 15 1906 and
mature Oct. 1 1926.
Bunkie, Avoyelles Parish, La.—Bonds Not Sold.—Up to
Oct. 23 no sale had been made of the $18,000 5% 20-year
gold coupon water-works bonds offered on Oct. 10. These
bonds are described in V. 83, p. 645.
Camden County (P. O. Camden), N. J.— Bond Offering.—
Proposals will be received until 11 a. m. Nov. 12 by the
Board of Chosen Freeholders for $56,000 4% road-improve
ment bonds. Bonds will be coupon in form or registered,
or both, at the option of the purchaser. Denomination
$1,000. Date Nov. 1 1906. Interest semi-annually at the
United States Mortgage & Trust Co. in New York City or at
the County Collector’s office. Maturity $20,000 Nov. 1 1916,
$18,000 July 1 1921 and $18,000 July 1 1928. Certified
check on a national bank for 5% of the amount bid, payable
to the County Collector, is required. Accrued interest to be
paid by purchaser.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Canton, Ohio.—Bond Sale.—On Oct. 29 the $29,000 97-12year and $10,000 9 2-3-year refunding bonds described in V.
83, p. 994. were awarded to Weil, Roth & Co. of Cincinnati.
Centre, Shelby County, Tex.—Bond Election Proposed.—
Local papers state that a petition is being circulated in this
town calling for an election to vote on the question of issuing
$25,000 bonds for a high-school-building.
Cheswick, Allegheny County, Pa.—Bond Sale.—This bor
ough recently awarded $5,000 4J^% 20-30-year bonds to E.
H. Gay & Co. of Boston at par and cost of printing bonds.
Securities are tax-exempt.
Chicago fill.) Sanitary District.—Bond Sale.—We are ad
vised that the $500,000 4% lOJ^-year (average) coupon
bonds described in V. 83, p. 774, have been all disposed of at
par and accrued interest.
1133
Cincinnati (Ohio) School District.—Bond Offering.—Pro
posals will be received until 12 M. Nov. 26 by Wm. Grantman, Clerk Board of Education, for $200,000 4% coupon
bonds. Authority resolution of the Board of Education
passed Oct. 15 1906. Denomination $500. Date day of
sale Interest semi-annually at the American Exchange
National Bank, New York City. Maturity 40 years. Ac
crued interest to be paid by purchaser. Certified check for
5% bonds, payable to the Board of Education, required.
Clyde Independent School District (P. O. Clyde), Callahan
County, Tex.—Bonds Registered.—The State Comptroller reg
istered $6,000 5% 10-40-year (optional) school-house bonds
of this district on Oct. 26, 1906. Securities are dated Aug.
15 1906.
Coatesville School District (P. O. Coatesville), Chester
County, Pa.—Bond Offering.—Proposals will be received un
til 12 M. Nov. 16 by S. H. Scott M.D., President School
Board, for $30,000 4% school bonds. Bids to be made on
both coupon and registered bonds. Denomination $1,000.
Date Jan. 1 1907. Interest semi-annual. Maturity Jan. 1
1937, subject to call $1,000 yearly beginning Jan. 1 1908.
Bonds are free from taxation. Certified check for $600 re
quired.
The official notice of this bond offering will be found among
the advertisements elsmvhere in this Department.
Cook County (P. O. Chicago), 111.—Bond Sale.—On Oct.
29 the $2,375,000 4% gold coupon (with privilege of regis
tration) court-house bonds—Series I described in V. 83, p.
1056, were awarded to N. W. Harris & Co. of Chicago and
the American Trust & Savings Bank of Chicago for their joint
bid of 100.32 and accrued interest—a basis of about 3.96%.
Following are the bids:
N .W . H arris & C o .,C h ic a g o , a n d
] _____________________ fl$ 2 ,3 8 2 ,6 0 0 00
A m e rica n T ru st & S a v in g s B a n k , C h ica g o ]
N . W . H a lse y & C o ., C h i c a g o _______________________ ____________<z2.3 82 ,36 2 50
Illin ois T ru st & S av in g s B a n k , C h ic a g o ________________________ a 2 ,3 8 1 ,887 50
N . YV. H a rris & C o . , C h ic a g o _______________ ______ _____________ a 2 ,3 8 0 ,95 0 00
E . H . R o llin s & S o n s, C h ic a g o ___________________ __________ ____<22,377,897 50
a And accrued interest.
The above bonds are the unsold portion of an issue of
$5,000,000 voted at the election held Apr. 4 1905.
Deal (Borough), N. J . —Bond Election.— We are informed
that an election will be held in about a month to vote on the
question of issuing the $75,000sewer bonds mentioned in V. 83,
p. 52. An election held Oct. 26 on the question of purchas
ing the sewer-system resulted in a vote of 47 to 2 in favor of
the project.
Decatur County (P. O. Leon), Iow a .— Bond Election.—
The proposition to issue the $70,000 4% court-house bonds
mentioned in V. 83, p. 1056, will be submitted to a vote on
Nov. 6.
De Kalb County (P. O. Auburn), In d .— Bonds Not to be
Re-offered at Present.—-We are advised that the $27,000 5%
asylum bonds awarded on May 14 to the Savings Loan &
Trust Co of Auburn and subsequently refused by the institu
tion (V. 83, p. 512) will not be re-offered until next year.
Douglas County (Wash.) School District No. 93.— Bond
Sale.—On Oct. 22 $800 3-5-year (optional) building bonds
were awarded to A. E. Case at par for 6s. Bids were also
received from Wm. D. Perkins & Co. of Seattle at par less
$25 for bonds and from the Seattle Trust & Title Co. of Seat
tle at par and $3 premium. Denomination $400. Date Oct.
22 1906. Interest annual.
East Cleveland School District, Cuyahoga County, Ohio.
—Bond Election.—Cleveland papers state that the Village
Council has requested the Board of Elections to submit to
the voters on Nov. 6 the question of issuing $50,000 school
building bonds.
Eaton, Preble County, Ohio.— Bond Offering.—Proposals
will be received until 7 p.m . Nov. 26 by C. F. Ressler, Village
Clerk, for the $1,500 4% street-repair bonds mentioned in V.
83, p. 995. Authority Section 2835 of the Revised Statutes
and Ordinance No. 105, passed Oct. 8 1906. Denomination
$300. Date Nov. 26 1908. Interest June 20 and Dec. 20
at the Village Treasurer’s office. Maturity $300 yearly on
Dec. 20 from 1908 to 1912 inclusive. Certified check for 5%
of the bonds bid for, payable to the Village Treasurer, is
required.
Ellicott Union Free School District No. 6, Chautauqua
County, N. Y . —Bond Offering.—Proposals will be received
until 8 p. m. Nov. 10, by F. T. Merriam (P. O. Falconer) for
the $34,200 4% coupon school-building bonds. Authority
Section 10, Title 8, of the Consolidated School Law and Chap
ter 482, Laws of 1906. Denomination $1,710. Date Jan. 1
1906. Interest May 1 and Nov. 1. Maturity $1,710 yearly
on Nov. 1. Certified check for 1% of bid, payable to E. H.
Sample, Treasurer, is required. Official advertisement
states that there is no controversy threatened or pending,
and that the district has never defaulted on its principal or
interest. Bonded debt, this issue. Assessed valuation
$692,791. These securities were offered but not sold on July
16. See V. 83, p. 453.
Elmwood Place (P. O. Cincinnati), Hamilton County, Ohio.
—Bonds Defeated.—The election Oct. 25 resulted in the de
feat of the propos:tion to issue the $60,000 4% 30-year sewer
bonds mentioned in V. S3, p. 995.
1134
T H E CH R O N IC LE .
Essex County (P. O. Newark), N. J . —Bond Balt.—On Oct.
31 the $200,000 4% 40-ycar gold coupon court-house bonds
dated Aug. 1 1906 and described in V. 83, p. 1056, were
awarded to John D. Everitt & Co. and Howard K. Stokes
of New York City at 103.032 and accrued interest—a basis
of about 3.851%. Following are the bids:
[V ol . Lxxim,
000 4% refunding bonds mention of which was made in V.
83, p. 1057.
Keith and Lincoln Counties Irrigation District (P. O.
Sutherland), Neb.-— Bonds Not Yet Sold.—No sale has yet
been made of the $9,400 6% bonds not disposed of on April 2.
See V. 82, p. 1396. We are informed that the directors
Kountze B r o s ., N. Y _ . .5 2 0 4 ,1 2 4 60 have not been making any effort to float these securities.
J . D . E v e ritt & C o . , N . Y . ,
a n d H . K . S t o k e s ,N .Y .$ 206,065 00 Jos. W a lk e r & S o n s _____ 2 0 3 ,12 2 00
A . B . L ea ch & C o .. N . Y . 2 0 5 ,87 4 00 R . M . G ran t & O o .,N .Y . 201 ,62 0 00
Kelliher Township, Beltrami County, Minn.— Bond Sale.
J . S . H ip p ie _____________ 204 ,52 6 00 W . J . H a y e s & S on s, C le . 2 0 1 ,20 0 00
—On Oct. 24 the 87,000 6% 3-9-year (serial) gold registered
Fremont, Ohio.—Maturity of Bonds.— We are advised that road and bridge bonds described in V. 83, p. 925, were
the maturity of the $1,247 4}^% South High Street sewer awarded to the Commercial Investment Co. of Duluth at par
bonds to be offered on Nov 14 is as follows: $50 each six and accrued interest. Following are the bids:
months from April 1 1907 to Oct. 1 1910 inclusive; $100 C o m m ’l I n v ’ m ’t C o ., D u l u t h . . $ 7 ,000|S . A . K e a n , C h ic a g o _________ i>$7,000
April 1 1911; $100 Oct. 1 1911; $50 each six months from C ra n fo rd L iv in g s t o n ___
_a7,010|
April 1 1912 to Oct. 1 1915 inclusive; $100 April 1 1916 and
a Less 2 % .
6 L ess 2 M % •
$147 Oct 1 1916. For other details of bonds and terms of
Kingston (P. O. Independent Station, W ilkes-Barre),
offering see Y. 83, p. 1058.
Luzerne County, P a.— Bond Offering.—Proposals will be
Girard, Trumbull County, Ohio.—Bond Sale.—On Nov. 1 received until 12 m. Nov. 12 by William J. Williams, Bor
the $30,000 5% 3 5-6-year (average) coupon sewer assess ough Secretary, for $12,000 5% Wyoming Avenue paving
ment bonds described in V. 83, p. 817, were awarded to Lam- bonds. Denomination $500. Interest semi-annual. Bonds
precht Bros. & Co. of Cleveland at 103.03.
are redeemable $1,500 yearly. Certified check for 25% of
Glens Falls, Warren County, N. Y .—Bond Offering.—Pro the bonds bid for required.
posals will be received until 11 a. m. Nov. 10 by the Village
Kiowa School District, Ind. Ter.— Bonds Authorized.—Ac
Clerk for $15,000 4% coupon sewage-disposal bonds. De cording to reports the Secretary of the Interior has authorized
nomination $500. Date, day of issue. Interest semi-annu the issuance of $9,000 bonds of this district.
al. Maturity $3,000 yearly beginning five years from date.
Lake City, Williamsburg County, S. C .—Bond Offering.—
Certified check for 10% of the bonds bid for, payable to the The
Town Council will offer at public auction at 12 m. Nov.
Village Treasurer, is required. Bonds will be delivered Nov. 20 the
$15,000 6% coupon bonds mention of which was made
19.
in V. 83, p. 996. Authority, Act of the General Assembly
Grand Junction, Mesa County, Colo.—Bond Offering.— passed Feb. 21 1906. Denomination $100. Interest annual.
Proposals will be received until 4 p.m . Nov. 20 for the $300,- Maturity thirty years, subject to call after twenty years. B.
000 5% coupon water-system extension bonds voted on Aug. Wallace Jones Jr. is Clerk of Council and J. H. Blackwell is
1. Denomination $1,000.
Date Oct. 1 1906. Interest Town Intendent.
semi-annually at the office of the City Treasurer or at the
Lake Mills, Jefferson County, W is.— Bonds Defeated .—A
office of Kountze Bros, in New York City. Maturity fif proposition
to issue $15,000 sewer bonds was recently de
teen years, subject to call $60,000 years after ten years. feated by the
voters of this city.
Official advertisement states that there is no litigation
Laurens
County,
So. Car.—Bond Offering.—The Laurens
pending or threatened against the bonds and that default has
never been made in payment of any obligation. Certified County Board of Commissioners mil offer at public auction
check for $5,000, payable to the City Treasurer, is required. at the court-house in Greenwood 4 p. m. to-day (Nov. 3)
$22,000 5% 30-year coupon Sullivan Township bonds. In
John M. Comlev is City Clerk.
Grand Bapids, Mich.—Bond Offering.—Proposals will be terest semi-annual. Certified check for $1,000, payable to
the Board of County Commissioners, is required.
received until 2 p. m. Nov. 12 by John L. Boer. City Clerk,
Lebanon, Warren County, Ohio.—Bond Offering.—Pro
for the following bonds:
posals will be received until 12 m. Nov. 26 by M. E. Gustin,
$ 16 0 ,0 0 0 c o u p o n s tr e e t-im p r o v e m e n t a ssessm en t b o n d s .
M a tu rity $40 ,00 0
Village Clerk, for the $3,500 4% coupon trunk-sewer bonds
y e a rly o n M a y 1 fro m 1908 t o 1911 in clu siv e .
Authority Sections 2835, 2835b,
8 0,0 00 c o u p o n s e w e r-co n stru c tio n assessm ent b o n d s .
M a tu rity $ 2 0 ,00 0 described in V. 83, p. 925.
y e a rly o n M a y 1 fro m 1908 t o 1911 in clu siv e .
2836 and 2837 of the Revised Statutes. Denomination $500.
Bids to be based on bonds bearing 4% or 4}^% interest. Date Nov. 1 1906. Interest semi-annually at the office of
Denomination $1,000. Date May 1 1906. Interest semi the Village Clerk. Maturity $1,000 yearly on March 30 from
1926 to 1928 inclusive and $500 March 30 1929. Certified
annually at the office of the City Treasurer. Certified check check
for 5% of the bonds bid for, payable to the Village
for 3% of the bonds bid for, payable to the City Treasurer, Treasurer, is required. Accrued interest to be paid by pur
is required. Accrued interest to be paid by purchaser. chaser.
These securities take the place of the $200,000 street-improve
Leipsic School District (P. O. Leipsic). Putnam County,
ment bonds and the $100,000 sewer-construction bonds Ohio.— Bond Election.-— This district, it is stated, will vote on
awarded on Oct. 8 to S. A. Kean of Chicago. This sale, the question of issuing $35,000 school-building bonds.
Letcher County (P. O. Sergeant), K y .— Bonds Not to be
however, was never consummated and $60,000 of the bonds
Issued at Present.—We are advised that the $10,000 4% jail
have been disposed of to the Sinking Fund.
bonds mentioned in V. 83, p. 996, will not be issued at this
The official notice of this bond offering will be found among time.
Lima, Allen County, Ohio.— Bond Sale.— This city has
the advertisements elsewhere in this Department.
Greenfield, Adair County, Iowa.—Price Paid for Bonds.— sold the $6,000 5% water-supply bonds described in V. 83,
The price paid for the $10,000 4L£% 10-20-year (optional) p. 1057, to the Sinking Fund Trustees.
Lockport, Niagara County, N. Y .— Bond Offering.— Pro
water-works bonds awarded on Oct. 10 to J. N. Cassidy Jr.
& Co. of Council Bluffs (V. 83, p. 1057) was par and accrued posals will be received until 11 a. m ., Dec. 6, by B. M.
interest. Denomination $500. Date Oct. 1 1906. Inter Hutcheson, City Treasurer, for $500,000 4% coupon (with
privilege of registration) water-works bonds. Authority,
est semi-annual.
Section 135 of the City Charter, as amended by Chapter 268
Greenville County (P. O. Greenville), So. Car.—Bond Of of the Laws of 1902, and resolutions of the Common Council
fering.—Proposals will be received until 12 m. Nov. 19 by adopted Oct. 29 1906. Denomination $1,000. Date Dec. 1
the Board of County Commissioners for $15,700 and $10,500 1906. Interest semi-annualty at the United States Mortgage
Dunklin Township coupon bonds. Interest (not to exceed & Trust Co. in New York City, if desired. Maturity $17,00
5%) payable semi-annually. Certified check for $1,000, pay yearly on Dec. 1 from 1907 to 1935 inclusive and $7,000
able to the Board of County Commissioners, is required.
Dec. 1 1936. Bonds will be certified as to genuineness by
Hamilton, Butler County, Ohio.^-Bonds Authorized.—The the United States Mortgage & Trust Co., New York City.
City Council recently passed an ordinance providing for the Certified check on a bank or trust, company for 2% of the
issuance of $65,000 4% 20-year electric-light-plant repair amount bid, payable to the city of Lockport, is required.
bonds. Denomination $500. Date Nov. 1 1906. Interest
McComb, Pike County, M iss.— Bond Offering.—Proposals
semi-annual.
will be received until 7 p. m. Nov. 6 by J. Dock Harrell,
Bonds Proposed.—An ordinance providing for the issuance City Clerk, for $15,000 5% 1-20-year (serial) coupon waterof $70,000 gas-plant-extension bonds is before the Finance works-system extensionbonds. Denomination $100 and $500.
Committee.
Date Nov. 6 1906. Interest payable in McComb. Certified
Hood River Irrigation District (P. O. Hood River), Wasco check for $500, payable to the City Treasurer, is required.
County, Ore.—Bond Sale.—On Oct. 25 the $40,000 6% gold Bonded debt, including this issue. $99,900. Assessed valua
coupon improvement bonds mentioned in V. 83, b. 847, were tion for 1906 $1,764,251.
Madill, Ind. Ter.— Bond Sale.—On Oct. 25 the $40,000 5%
awarded to Morris Brothers of Portland at 103.7125. A bid
of par less 5% commission was also received from the Ameri coupon water-works bonds described in V. 83, p. 925, were
awarded to E. C. Myers at par. Following are the bids:
can Securities Corporation of Cedar Rapids.
E . C. M y e rs ___________________$40 ,00 0 \J o h n N u v e e n & C o ., C h ica go a $ 4 0 ,0 0 0
Hoosick Falls, Rensselaer County, N. Y .— Bonds Voted.— W
. .T. H a y e s & S o n s, C le v e l’ d&40,000 |S. A . K e a n , C lii. (fo r 6 s ) ____ 40,8 00
This village on Oct. 29 authorized the issuance of $100,000
a Less $2,5 00 a tt o r n e y ’ s fees, b Less $ 2,0 00 a tt o r n e y ’s fees.
water-works bonds by a vote of 416 to 66.
The bonds are dated Dec. 1906.
Huntington Beach School District (P. O. Huntington
Marcell, Itasca County, Minn.— Bond Sale.—On Oct. 12
Beach), Orange County, Cal.—Bonds Voted.—Reports state the $10,000 5% 10-19-year (serial) coupon road and bridg'
that this district on Oct. 27 authorized the issuance of $40,000 bonds dated Nov. 1 1906 and described in V. 83, p. 776,
school-building bonds.
■were awarded to the Commercial Investment Co, of Duluth
Jersey City, N. J.—Bond Sale.—The Provident Institution at par. Authority Chapter 271, I.aws of 1905. Interest
for Savings of Jersey City has been awarded at par the $16,- annual. Bonds are tax-exempt.
Not. 3 1906.]
1135
T H E CH R O N IC LE
Popple, Itasca County, Minn.— Bond Offering Postponed.
Marion, Marion County, Ohio.— Bond Offering.—S. T.
Quigley, City Auditor, will offer the following bonds at public — Proposals are asked for until Nov. 27 for the $8,000 6 %
road and bridge bonds described in V. 83, p. 587. These
auction at 10 a. m. Nov. 14:
bonds were orig nally offered on Sept. IS, but owing to a delay
in the mail, no bids were received until after that date. 1 The
Board at a subsequent meeting called for new bids until Nov.
The above bonds are dated Sept . 1 1900.
27.
Marlin, Falls County, T ex. — Bond Election.—Local papers
Port Arthur, Ont.— Debenture Sale.— The following deben
state that an election has been ordered for Nov 20 to vote on tures. aggregating $274,000, were recently awarded to the
the issuance of $15,000 water-works-improvement, bonds.
Dominion Securities Co. Corporation, Ltd. of Toronto:
Mather School District No. 1345, Man.— Debentures A u $45 ,00 0 5 % 1 9 H i-year d eb en tu res fo r th e p u rch a se o f " S t r a t h c o n a P r o p
.
thorized.—This district, it is stated, lias passed a by-law 2 5.0 00 5 % e2rty
0 -y e a r d e b e n tu re s for a M u n icip al Building:.
$ 4 ,0 0 0
C enter Street Im p rov em en t ( c i t y ’ s p o rtio n ) b o n d s .
D e n o m i
n a tion $ 50 0 .
M a tu rity $500 e v e r y s ix m o n th s from S e p t. 1
1914 to S e p t. 1 l o t s in clu siv e.
300 5 % S u ga r S treet e x te n s io n b o n d .
M a tu rity M arch 1 1909.
authorizing an issue of $3,000 debentures.
Merrill, Klamath County, Ore.—Bonds Not Yet Sold.—No
sale has yet been made of the $5,000 6% 10-20-year (optional)
gold coupon water-works bonds mention of which was made
in V. S3, p. 22S.
Moberly, Randolph County, M o.— Bonds Voted.— Bond
Offering.— By a vote of 892 to 32 this city on Oct. 20 author
ized the issuance of the $100,000 4% coupon water-works
bonds mentioned in V. S3, p. 990. Proposals for these secur
ities will be received until 12 M. Nov. 5 by J. F. Curry, City
Clerk. Denomination $500 Date Jan. 1 1907. Interest
semi-annually at the Mechanics’ Bank in Moberly. Maturity
twenty years, subject to call after ten years. Cash or Certi
fied check for $5,000, payable to the City Clerk, is required.
Bonded debt, not including this issue, S64,000; floating debt
$5,000. Assessed valuation for 1905 $1,910,000.
Morgantown, Monongalia County, W . V a.— Bonds Re
fused.— We are advised that the $70,000 4L£% funding, sew
ering and street-paving bonds awarded on Sept. 10 to Weil,
Roth & Co. of C ncinnati (V. 83, p. 646) have been refused
by that firm. The bonds are now being offered at private
sale.
Mount Vernon, W estchester County, N. Y .— Bond Offer
ing.—Proposals will be received until 8 p . m. Nov. 12 by the
Common Council for $80,000 4% refunding bonds. Author
ity Chapter 53, Laws of 1908.
Denomination $1,000. Date Nov. 1 1906. Interest semi
annually at the office of the City Treasurer. Maturity $15,000 yearly on Nov. 1 from 1917 to 1920 inclusive and $20,000
Nov. 1 1921. Certified check for $1,000 required. The
bonds will be certified to as to genuineness by the United
States Mortgage & Trust Co., New York City, and their legal
ity will be approved by J. H. Caldwell, Esq., New York City,
whose opinion will be furnished to the purchaser. Bonds
will be delivered on Nov. 26. A. W. Reynolds is City Clerk.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Navasota, Grimes County, T ex .— Bond Sale.— This town
recently awarded $17,500 of the S19,750 4% refunding bonds
registered by the State Comptroller on Oct. 2 (V. 83, p. 926)
to the Grimes County School Fund at par. Denomination
$250. Date Aug. 15 1906. Interest annually in January.
Maturity thirty years, subject to call after ten years.
Newark School District (P. O. Newark), Licking County,
Ohio.— Bond Election.—The Board of Education on Oct. 1
adopted a resolution which provides for an election to be held
Nov. 6 to vote on the question of issuing $65,000 school
building bonds.
New Rochelle, N. Y . —Certificate Sale.—On Nov. 1 $90,000
6% certificates issued in anticipation of the collection of
taxes were awarded, it is stated, $80,000 to the National
City Bank of New R.ochelle for $80,177 76 or 100.222, and
$10,000 to Adams & Co. of Boston for $10,028 50 or 100.285.
Authority, Section 244 of Chapter 128, Laws of 1899. De
nomination S5,000 Date Nov. 1 1906. Maturity July 1
1907.
Nottingham School District (P. O. Nottingham), Cuyahoga
County, Ohio.— Bond Offering.— Proposals will be received
until 12 m. Nov. 21 by Frank J. Carter, Clerk Board of Edu
cation, for $50,000 4
school-building bonds. Authority
Sections 3991 and 3992 of the Revised Statutes. Denomi
nation $1,000. Date Nov. 21 1906. Interest semi-annually
at the District Treasurer's office. Maturity $2,000 yearly on
Jan. 2 from 1912 to 1936 inclusive. Certified check for 5%
of the bonds bid for, payable to the District Treasurer, is
required. Successful bidder to pay accrued interest. Bonded
debt at present $S,000. Assessed valuation for 1906 $700,OOO.
Owen County (P. O. Owenton), K y .— Description of Bonds.
— We are advised that the $40,000 4J^% 20-year refunding
bonds awarded on Oct. 17 to Seasongood & Mayer of Cincin
nati (V. 83, p. 1053) are dated Nov. 1 1906. Denomination
$1,000. Interest semi-annual.
Oxford, Butler County, Ohio.— Bond Offering.— Proposals
will be received until Nov. 24 for $3,000 4 % electric-lightplant repair bonds. D. P. Beaton is Town Clerk.
Plattsburg, Clinton County, M o.— Bond Offerin';.— E. C.
Hall, City Clerk, is offering for sale $14,000 4% coupon water
works bonds. Denomination $500. Maturity ten, fifteen
and twenty years. Certified check for $500, payable to the
City Clerk, is required. Bonded debt, including this issue,
$59,500. Assessed valuation for 1905 $598,720.
15.000
50.0 00
4 3 .0 0 0
50.0 00
18.000
5 .0 0 0
17.000
5°;,
5%
5%
5%
5%
5%
5%
2 0 -y e a r d eb en tu res for the p u rch a se o f G o v 't R e se rv e " A . ”
3 0 -y e a r d e b e n tu re for w a te r-w o r k s-s y s te m e x te n s io n .
3 0 -y e a r d e b e n tu re s fo r se w e r-syste m e x te n s io n .
3 0 -y e a r d e b e n tu re for p o w e r -p la n t e x te n s io n .
3 0 -y e a r d e b e n tu re s fo r e re c tio n o f a d a m on C u rren t R iv e r .
3 0 -y ca r d e b e n tu re s for p ark Im p r o v e m e n ts.
1-15 -y e a r (serial) d e b e n tu re s fo r a lte ra tio n s In C entral T e le
p h o n e O ffice .
6 .0 0 0 5 % 1 -1 5 -y e a r (serial) d e b e n tu re s fo r p u rch a se o f street ca rs .
Port Clinton, Ottawa County, Ohio.— Bonds Not to be Is
sued at Present.— We are advised that the $8,200 5 % 1-10year (serial) coupon Adams Street improvement assessment
bonds recently authorzied will not be put on the market until
about March 1 1907. For description of these securities see
V. 83, p. 926.
Portland, Ore.— Bonds Proposed.— The issuance of $2,000,000 bonds for a pipe line and $ 100,000 bonds for a fire boat
is being talked of in this city. We are informed that the
question of issuing the pipe-line bonds will have to be sub
mitted to vote of the people, which will probably be done at
the June election.
Preble County (P. O. Eaton), Ohio.— Bond Sale.— On Oct.
27 the three issues of ditch bonds, aggregating $1,042, offered
on that day -were awarded as follows:
$190 4 %
336 4 %
516 4 %
l H - y e a r (a vera g e) c o u p o n B resh er D itch N o . 239 b o n d s t o th e
E a to n N a tion a l B an k o f E a to n a t p a r a n d a ccr u e d in te re st.
1 t y y e a r (a vera ge) c o u p o n F razier D itch N o . 243 b o n d s t o R . J.
P lu m m e r fo r $337 50 (1 0 0 .44 6 ) a n d a ccr u e d In terest.
1 H -y e a r (a vera g e) c o u p o n J a ck s D itc h N o . 246 b o n d s t o the
E a to n N a tio n a l B a n k o f E a to n fo r 517 50 (1 0 0 .29 ) a n d a c c r u e d
in te re st.
A bid of $1,044 for the entire lot was also received from the
Preble County National Bank of Eaton.
Prince Edward County (P. O. Picton), Ont.— Bids.— The
following bids were received on Oct. 25 for the $15,000 4%
school debentures described in V. 83, p. 997:
G . A . S tlm so n & C o ., T o r o n ’ oS 14 ,5 2 5 |H . O ’ H a ra & C o ..T o r o n t o ___ $ 14 ,35 2
W m . C . B re n t, T o r o n t o ______ 14,479 I W o o d , G u n d y & C o ., T o r o n t o 14,053
Put-In-Bay, Ottawa County, Ohio.— Bond Election.— A
resolution providing for an election to be held Nov. 6 to yote
on the question of issuing $12,000 water-works bonds was
adopted by this village on Oct. 4.
Racine, W is.— Bonds Not to be Re-offered at Present.— We
are advised that the $50,000 4 % street-improvement bonds
offered but not sold on Sept. 15 (V. 83, p 716) will in all
probability be placed on the market shortly after the first of
the year.
Ransome School District, Cal.— Bond Sale.— We have just
been advised that $1,600 5 % 1-10-year (serial) bonds of this
district were awarded on Sept. 1 1 to the Union Savings Bank
of Modesto at par. Denomination $160. Date Sept. 1 1906.
Interest January and July. This district is located near
Modesto.
Red Lodge School District No. 44 (P. O. Red L odge), Car
bon County, M ont.— Bond Offering.— Proposals will be re
ceived until 8 p. m. Nov. 7 by F. L. Wilkins, Clerk, for a
$ 1,200 6% school-building bond. Interest annually in May
in Red Lodge.
Reedsville, Manitowoc County, W is.— Bond Sale.— On
Oct. 1 the $8,000 water-works bonds offered but not sold on
Sept. 10 (V. 83, p. 716) were awarded to local parties at par
for 4s. Securities are dated Sept. 1 1908. Interest annual.
Richmond, V a.— Bond Offering.— Proposals will be re
ceived until 12 M. Nov. 20 by E. J. Warren, City Auditor,
for $508,500 4 % improvement bonds, dated July 1 1906,
and $486,200 4 % refunding bonds, dated Jan. 1 1907.
Interest semi-annually in Richmond. Maturity: Im prove
ment bonds July 1 1940, and refunding bonds Jan. 1 1941.
Securities are exempt from city taxation. Certified check
for 2 % on bids for $100,000 or less and \ % % on bids
for more than $100,000, payable to the City Treasurer, is
required. Bonds will be certified to as to genuineness by the
Unit' d States Mortgage & Trust Co., New York City.
The official notice of this bond offering will be found among
the advertisements elsewhere in this Department.
Rochester, N. Y .— Temporary Loan.— This city recently
awarded $200,000 local-improvement notes to the Rochester
Trust & Safe Deposit Co. at 5.75% interest and $5.00 prem
ium.
Following are the bids:
R o ch e s te r T ru st &
B ond & G o o d w in .
B ro a d w a y SavIngB
G o ld m a n , S ach s &
S afe D e p o s it C o , R o ch e s te r (fo r $ 2 0 0 ,0 0 0 )____ n 5 .7 5 %
B oston (fo r $ 1 0 0 ,0 0 0 o r $ 2 0 0 ,0 0 0 ) ______________ t>6%
In s titu tio n , N ew Y o rk (fo r $ 2 5 ,0 0 0 )____________ 6 %
C o ., N ew Y o r k (fo r $ 2 0 0 ,0 0 0 ) . ................ ................ 6 .2 5 %
a A n d $3 p re m iu m ,
b A n d $10 p re m iu m .
R ocky River School District (P. O. R ocky River), Cuya
hoga County, Ohio.— Bond Election.— This district, it is
stated, has petitioned the Board of Elections for authority
to vote Nov. 6 on the question of issuing $7,500 bonds.
TH E CHRONICLE
1136
[V o l . l x x x u i,
Russell County, (P. 0. Lebanon) Va.—
— Smithfield, Isle of Wight County, Va.—Bond Sale.— On
Oct. 15 the $10,000 5 % 20-30-year (optional) registered
R. G.
is
school bonds dated Oct. 15 1906 and described in V. 83, p.
St. Charles, Kane County, 111.—Bond Sale.— On Oct. 10 716, were disposed of at 104.
$43,200 5 % water-works special assessment bonds were
Sonoma County, (P. O. Santa Rosa) Cal.—Bond Election.
awarded to the St. Charles National Bank of St. Charles at — An election will be held in this county Nov. 6 to vote on
par. Denominations: 3G bonds of $1,000 each and 9 bonds the question of issuing $280,000 4
bonds of $1,000 each
ofk4800 each.
for the "erection of a court-house. Maturity $6,000 yearly
ten years beginning 6 years from date, $10,000 yearly for
St. Paul, Minn.—Bond Issue Election.— At the election for
ten years beginning 16 years from date and $12,000 yearly
Nov. 6 an Amendment to the City Charter will be submitted
for ten years beginning 26 years from date.
to a vote of the people providing for the issuance of $500,000
South
Charleston
School
District (P. O. South Charleston),
water-plant-improvement bonds at the rate of not exceeding
$150,000 in any one calendar year.
Clark
County,
Ohio.—
Bond Election.— This district will vote
6 on a proposition to issue $35,000 bonds.
Salem, Dent County, Mo.—No Action Yet Taken.— No Nov.
Springfield, Ohio.—Bond Sale.— On Oct. 30 the $10,000
action has yet been taken in the matter of issuing the $20,000
Bond O ffering.
The Board of Supervisors is offering for sale an issue of roadimprovement bonds.
Fletcher
Clerk of the Board.
water-works bonds described in V. 82, p. 1172.
Salinas, Monterey County, Cal.—
Bond O ffering.— Propos
als will be received until 8 p. m. Nov. 12 by John J. Kelly,
City Clerk, for the following bonds:
$ 5 0 ,0 0 0 5 %
1 5 ,0 0 0
5%
g o ld c o u p o n c i t y -h a i l -b u lld ln g b o n d s m a t u r i n g $ 1 ,2 5 0 y e a r ly o n
D e c . 31 fr o m 1 9 0 7 t o 1 9 4 6 in c lu s iv e .
D e n o m in a t io n $ 6 2 5 .
g o ld c o u p o n s c h o o l-h o u s e -r e p a ir b o n d s m a t u r i n g $ 3 7 5 y e a r ly
o n D e c . 3 1 fr o m 1 9 0 7 to 1 9 4 6 In c lu s iv e .
D e n o m in a t io n $ 3 7 5 .
Interest June 30 and Dec. 31 at the office of the City
Treasurer. Certified check for 2 % of the amount bid, pay
able to Thos. Renison, Mayor, is required.
San Bernardino, San Bernardino County, Cal.—
Bond Elec
tion Probable.— We are informed that this city may vote next
April on the question of issuing from $75,000 to $100,000
bonds for bridges and street-improvements.
San Jose High School District (P. O. San Jose), Santa
Clara
County, Cal.— Bonds Voted.— The election Oct. 20 (V.
83, p. 927) resulted in a vote of 1507 to 116 in favor of issuing
the $175,000 high-school and $225,000 grammar-school 4 %
bonds.
SantoCounty,
Independent
School District (P. O. Santo), Palo
Pinto
Tex.—
Bonds Registered.— On Oct. 23 the State
Comptroller registered $3,000 4
10-40-year (optional)
school-house bonds of this district dated Oct. 1 1906.
4 % 3^-year coupon street-improvement bonds dated Sept. 1
1906 and described in V. 83, p. 927, were awarded to John
G. Webb of Springfield at 100.66. Bids were also received
from Weil, Roth & Co. of Cincinnati and the Springfield
Savings Bank.
Stow Township School District, Summit County, Ohio.—
Bond Election.— Reports state that the electors of this dis
trict will vote Nov. 6 on the question of issuing $12,000 1-15year school bonds of $800 each.
Bonds Voted.— On Oct. 16 this town
authorized the issuance of the $16,000 5 % 20-year sewer
bonds mentioned in V. 83, p. 927.
Sulphur, Ind. Ter.—
Sunnyside School District, Los Angeles County, Cal.—
Bond O ffering.— Reports state that proposals will be received
until 2 p. m. Nov. 5 for $2,000 5 % bonds. Denomination
$1,000. Maturity $1,000 Nov. 1 1921 and $1,000 Nov. 1
1922. Bonded debt at present $12,000. Assessed valua
tion $332,873.
Bond O ffering.— Pro
posals will be received until 12 m. Nov. 19 by Wm. B.
Elwell, Village Clerk, for $13,000 5 % coupon Main Street
improvement assessment bonds. Denomination $1,300.
Date Oct. 1 1906. Interest semi-annually at the Farmers’
& Merchants’ Deposit Co. in Swanton. Maturity $1,300
Swanton, Fulton County, Ohio—
N EW LO AN S.
N EW LO AN S.
N E W LOANS.
§ 80,000
§ 750,000
§ 30,000
City of Mount Vernon, Oity of New Orleans, La., Parish of East Garroll, La,,
Westchester Co., N. Y.,
REFUNDING BONDS.
The Common Council will at the Lucas Build
ing, Depot Place, In the City of Mount Vernon,
on the 12TH DAY OF NOVEMBER, 1906,
at 8 p. m., receive sealed proposals for the pur
chase of Eighty (80) Refunding Bonds of said
City of Mount Vernon, numbered consecutively
as Issued from Two hundred eighty-six (286) to
Three hundred sixty-five (365), both inclusive,
and the said eighty (80) bonds will be sold to the
highest bidder at a public sale to be held at said
time and place.
These are a series of bonds which are authorized
to be issued under and pursuant to Chapter 53
of the Laws of 1906. Each bond will be for the
principal sum of One thousand dollars ($1,000)
and will bear interest at the rate of four per
centum per annum, payable semi-annually at the
office of the City Treasurer of the City of Mount
Vernon. They will be dated November 1st,
1906, and payable as follows:
$15,000 1st day of November, 1917;
15.000 1st day of November, 1918:
15.000 1st day of November, 1919;
15.000 1st day of November, 1920;
20.000 1st day of November, 1921.
The bonds will be delivered to the purchaser
on' the 26th day of November, 1906.
Each proposal must be accompanied by a cer
tified check for $1,000 as security for the per
formance of such bid and as liquidated damages
In the event of the failure of the successful bidder
to accept and pay for said bonds.
The said Common Council will at said time
open such proposals as may be received, and will
award the bonds to the highest bidders unless
the said Common Council shall deem it- to be for
the Interest of the City to reject such bid, in which
event the Common Council reserves the right to
accept the bid or bids which it deems to be to the
best interest of the City, or to reject all of said
proposals.
Bonds wilFbe engraved under the supervision
and certified" as to their genuineness by the
United States'Mortgage & Trust Company, and
their legality approved by J. H. Caldwell, Esq.,
of New York"City, whose opinion as to legality
will be furnished to the purchaser.
By Statute the bonds cannot be sold for less
than par and^accrued interest.
This notice' is published pursuant to a resolu
tion of the Common Council of the City of Mount
Vernon ordering the same and bearing date the
16th day of October, 1906.
Mount'Vernon, N. Y ., Oct. 16th, 1906.
A. W. REYNOLDS, J . EDWARD F . BRUSH,
City Clerk.
Mayor.
M UNICIPAL AND RA ILRO A D
BONDS.
SEASON0 OOD M"AYES
LIST ON APPLICATION
M e r c a n t ile l i b r a r y SSnJldtn® ,
C IN C IN N A T I.
SCHOOL BONDS
COURT HOUSE BONDS
THE BOARD~OF LIQUIDATION OF THE
CITY DEBT of New Orleans, in pursuance of
Act No. 96 of the General Assembly of Louisiana
of 1904, as construed by the Supreme Court of
Louisiana in the suit of W. S. Benedict et al. vs.
The City of New Orleans, 39th Southern Reporter,
pp. 792, 798, affirming the constitutionality and
legality of said legislation, will receive sealed
bids or proposals for the purchase of $750,000 00
of Court House Bonds of the City of New Orleans.
The said bonds will be dated January 1, 1905,
payable fifty years after date, with the right to
call said bonds for redemption after January 1,
1909. in the reverse order of their issue, upon sixty
days’ notice in two daily newspapers published
In New Orleans.
They will bear five per cent per annum interest,
payable semi-annually on the first day of Janu
ary and the first day of July of each year from
their Issuance until the maturity of the bond, or
by Its retirement under call.
All past-due interest coupons on all bonds sold
will be cut off and canceled before delivery to
the purchasers.
• The bonds will be sold at the highest premium
obtainable, and no sale will be made at less than
par and accrued Interest.
The bonds will be deliverable as the money Is
needed during the progress of the work of build
ing the court house, and It Is estimated that
$150,000 00 will be delivered In 1907, In equal
roportlons, about the first days of January and
uly; $200,000 00 In the same manner In 1908,
and the balance, $400,000 00, In the same manner
In 1909.
Sealed bids or proposals will be received under
this advertisement at the rooms of the Board of
Liquidation of the City Debt, in the City Hall,
City of New Orleans, up to three o’clock p. m.,
November 5, 1906. Same must be addressed
Board of Liquidation of the City Debt.
Each bidder must accompany his proposal
with a certified check for 3% of the amount of
his bid to insure compliance therewith and the
aeeeptance of the bonds when tendered.
The Board of Liquidation of the City Debt
reserves the right to reject any and all bids.
Sealed proposals will be received by the
Police Jury of the Parish of East Carrell, La.,
until noon, on Tuesday, November 13, 1906,
for the purchase of sixty negotiable serial five
per cent coupon Public School-House Bonds
of said parish, aggregating $30,000, date
October 1, 1906, maturing in six months to
years from date, secured by dedication of
proceeds of levy of special one mill tax, author
ized by vote of property tax-payers at election
held on September 18, 1906. and by ordinance
of Police Jury adopted Sept. 19, 1906, in con
formity to Article 232 of the Constitution and
to Act No. 84 of 1906 of the Acts of the General
Assembly of Louisiana.
No bid for bonds entertained for less than par
and interest accrued thereon at date of delivery
of bonds.
Bidders are required to deposit the sum of
$500 in money or in a certified check an some
bank in the town of Providence, La., as a guar
anty of good faith and that the bid so made, If
successful, will be fulfilled in accordance with
the terms thereof, such deposit to be forfeited
to the Parish of East Carroll and to become Its
property In compensation for loss and exepnses
attending the sale of said bonds and as liqui
dated damages for repudiation of bid, In ease
the successful bidder shall repudiate the contract
or agreement or refuse to accept and pay for
bonds so sold.
The rights to reject any and all bids and to
accept any proposal within 15 days after opening
the bids are reserved.
Bidders must satisfy themselves as to legality
of bonds before bidding
Envelopes containing bids must be sealed and
endorsed: "Bids for Bunds."
For further information address:
C. S. W YLY , Secretary Police Jury,
Lake Providence, La.
H. W.
NOBLE
N ew Y ork
A Financial Courtship
The above book will be furnished,
w i t h o u t cost on application to
E. H. ROLLINS & SONS, 21 Milk
St., Boston.
D e t r o it .
P h il a d e l p h ia .
MUNICIPAL
AND
P U B LIC S E R V IC E CO RPORATION
BONDS
Or a Plea for Conservative
Investments
( B y F r a n k W . R o llin s )
& COMPANY,
BUNDS
STOCK
CERTIFICATES
Engraved on steel or lithorgaphed, or
partly printed and partly lithographed.
Book of 100 certificates, steel-plate
border, and seal press, $15: cheaper
styles as tew as $2 50 for a book of 50.
ALBERT B.KING& CO., 206 Broadway, N. Y.
T H E C H R O N IC LE
Nov. 3 1906.]
yearly on Oct. 1 from 190S to 1917 inclusive. Certified
check for $500, payable to the Village Treasurer, is required.
Bonded debt, not including this issue, SIS,000. Assessed
valuation for 1906, $212,040.
Terre Haute, Vigo County, Ind.—B ond O fferin g .—Further
details are at hand relative to the offering on Nov. 6 of the
three issues of street-improvement bonds mention of which
was made in V. S3, p. 1000. Proposals will be received until
4 p. m. on that day by Charles It. Dtiffin, City Comptroller.
The securities answer the following description:
$o,34l 27 6 % coupon Eighth Street Improvement assessment bonds dated
Dec. 1 1906.
1,965 66 6 % coupon Second Street Improvement assessment bonds dated
I>e. 1 1906.
259 89 6 % coupon Sixteenth Street Improvement assessment bonds
dated Dec. 1 1906.
Interest semi-annually at the office of the City Treasurer.
The bonds are tax free.
Titusville, Crawford County, Pa.—Bond E lection .—Propo
sitions to issue $23,000 3 } $ % and $47,000 4% Main Street
paving bonds will be submitted to a vote on Nov. 6.
Toccoa, Habershaw County, Ga.—Bond S a le.—The $35.000 5% 2S-year coupon water-works bonds dated Jan. 1 1907
and described in V. 83, p. 716, were awarded on Oct. 10 to
C. H. Coffin of Chicago for $35,701 (102.002) and blank
bonds.
Toledo, Ohio.—Bonds A u th orized .—The City Council on
Oct. 22 passed ordinances authorizing the issuance of the
following bonds:
$6,627 44 5% coupon Geuesee Street No. 1 assessment bonds. Denomina
tion $670 except one bond for $597 44. Date N ov. 3 1906.
Interest March 3 and Sept. 3. Maturity one bond each six
months from March 3 1907 to Sept. 3 1911 Inclusive.
313,50 •% coupon Alley No. 25 assessment bonds. Denomination $80
except one bond for $73 50. Date Oct. 30 1906. Interest
March 30 and Sept. 30. Maturity one bond each six months
from March 30 1907 to Sept. 30 1908 inclusive.
182 l i •% coupon Alley No. 24 assessment bonds. Denomination $50
except one bond for $32 15. Date Oct. 30 1906. Interest
March 30 and Sept. 30. Maturity one bond each six months
from March 30 1907 to Sept. 30 1908 inclusive.
Interest payable at City Treasurer's office.
Tremont Township, Tazewell County, 111.—B ond S a le .—
On^Oct. 15 the $3,600 4}A % coupon bridge-building bonds
1137
described in V. S3, p. 717, were awarded to the Tremont
Bank of Tremont for $3,600, or 101.666.
Trenton, N. J.—Certificate S a le .—The City Treasurer has
sold $76,000 improvement certificates to private investors.
These certificates will be retired later by the issuance of
bonds.
Troy, N. Y.—Bond S a le.—On Nov. 1 the $15,887 23 4%
registered additional water-works bonds described in V. 83,
p. 1061, were awarded to W. J. Hayes & Sons of Cleveland
at 100.053. Bids of par and interest were also received
form the Troy Savings Bank, Troy Trust Co. and Jonathan
Norton.
Turlock Union High School District (P. O. Turlock), Stan
islaus County, Cal.—B ond S a le.—On Sept. 11 $22,000 6%
high-school bonds were awarded to H. S. Crane of Turlock
for $25,538 or 116.081. Denomination $666.66. Date Sept.
11 1906. Interest January and July. Maturity from 1916
to 1945 inclusive.
Tuscaloosa County (P. O. Tuscaloosa), Ala.—B on d E lec
tio n . —The electors of this county will vote Nov. 6 on a prop
osition to issue $75,000 court-house bonds at not exceeding
5% interest.
Uniontown, Fayette County, Pa.—Bond S a le.—This bor
ough, it is stated, has awarded the $80,000 building and the
$50,000 street-improvement 4% 24-year coupon bonds des
cribed in V. 83, p. 850, to Holmes, Wardrop &Co. at par and
interest.
Victoria, B. C.—D ebenture S a le.—On Oct. 22 the $10,726 32 4% 10-year local-improvement debentures dated May 2
1906 and described in V. 83, p. 928, were awarded to James
Dunsmier at par and accrued interest. Other bidders
were Aemilius Jarvis & Co. of Toronto; Wood, Guncl^y & Co,
of Toronto; Dominion Securities Corporation of Toronto
andWatertown,
Chas. KeatMass.—
of Victoria.
Bond O fferin g .—Proposals will be re
ceived until 3 p. m. Nov. 8 by Charles W. Stone, Town
Treasurer,
for the following bonds:
$7,000 4% gold coupon sewer-loan bonds dated April 1 1906 and maturing
April 1 1916.
10,000 4% gold coupon clrainage-loan bonds dated May 1 1906 and ma
turing May 1 1916.
NEW LOANS.
NEW LOANS
NEW LOANS.
# 50,000
# 994,760
# 56,000
City of St. Paul, Minnesota,
MUNICIPAL BUILDING BONDS
4% 30 Years
City Comptroller’s Office.
St. Paul, October 22nd, 1906.
SEALED PROPOSALS
will be received at the office of the City Comp
troller by the Sinking Fund Committee until 12
o ’clock, noon, on November 7th, 1906, and
opened at that time, for the purchase of Fifty
Thousand ($50,000> Dollars of bonds of the
City of St. Paul, Minnesota, the proceeds of
which are to be used for the purpose of aiding
In the construction of a Municipal Building, to be
occupied by various City departments. These
bonds are issued pursuant to Ordinance No. 2627,
passed by the Common Council and approved
October 18th, 1906, authorized by Chapter 304
of the laws of Minnesota for 1903, approved April
20th, 1903. Bonds to be In the denomination
of One Thousand dollars each, with coupons
attached, and dated October 1, 1906, and mature
September 30th. 1936. They bear Interest at the
rate of four (4% ) per cent per annum, payable
semi-annually. Interest and principal payable
at the Financial Agency of the City of St. Paul
In New York City. Delivery of Bonds to be
made at the Comptroller’s office, where payment
must be made by the successful bidder.
•A certified check payable to the City Treasurer
o f the City of St. Paul for two (2% ) per cent of
the par value of the bonds bid for, must accom
pany each bid that will be considered.
Bids will be received for all or any part of the
lot. The Committee reserves the right to reject
any and all bids.
•Proposals to be marked "B ids for Municipal
Building B onds." and addressed to
LOUIS BETZ,
City Comptroller
William R Compton
Bond & Mortgage Co.
City of Richmond, Va
4% BONDS.
W.. W I L .U A M R . C O M P T O N , P r e s id e n t.
4 W a r d e ll Building*
IMPROVEMENT BONDS.
The Council of the City of Richm ond, V a.,
adopted an ordinance approved April 19th,
1906, authorizing the Committee on Finance
to issue Four per cent registered or Coupon
Convertible bonds to an amount not exceeding
$508,500, proceeds of said sale to be placed to
credit o f certain accounts; the above bonds
have 34 years to run from the first day o f July,
1906.
The said Council further adopted an ordinance
approved
October 15th, 1906, authorizing
the issue of $486,200 Four per cent registered
or Coupon Convertible bonds having 34 years
to run from the 1st day of January, 1907,
to provide for the redemption of $486,260 00
of 6 and 8 per cent Bonds maturing that date.
The Bonds will be Issued In amounts of $1,000,
toTbe delivered and bear interest from' January 1,
1907. Bids for th elab ove will be received at
the office of the City- Auditor till noon of TU ES
D A Y , N O VEM BER 20TH , 1906.
* A certlfiedfccheck for an amount equal to 2’rper
cent on bids of $ 100,000 or less, or 1 K per cent
on all bids in excessjof that am ount,m ade pay
able to the order of the Auditor of the City of
Richm ond, must accompany each bid.
The bids will be opened at 4 p. m. same day.
The right to reject any and all bids Is expressly
reserved.
For further Information apply to
E D W A R D J. W A R R E N ,
Auditor.
The bonds will be engraved under the super
vision of and certified as to genuineness by the
United States Mortgage & Trust Company of
New York City.
J. B. W OOD,
Chairman Committee on Finance.
The Stone R oad Committee o f the Board of
Chosen Freeholders o f the County of Camden,
New Jersey, will receive sealed proposals on
M O N D A Y , N O V EM B ER
12TH,
1906, at
11 a. m ., at the Freeholders’ room In the Camden
County Court House, for the purchase of all or
part of $56,000 of four per cent bonds issued
for the Improvement of certain roads In the
County of Camden. Bonds to be of the denomi
nation o f $1,000 each, to bear Interest from
November 1, 1906, $20,000 thereof to be due
November 1, 1916, $18,000 July 1 , 1921, and
$18,000 July 1 1926; Interest payable semi
annually at the office of United States Mortgage
& Trust Company, New Y ork, or at the County
Collector’s Office, Camden, N. J ., at purchaser’s
option. Said bonds to be registered or coupon,
or both, at the option of the purchaser.
The bidder must enclose with each proposal a
certified check on a national Bank, payable to
the order o f the County Collector of Camden
County, New Jersey, In the sum o f at least five
per cent of the amount bid, as a guaranty to
com ply with the proposal If awarded the bonds.
All bids to be made with the understanding that
accrued Interest on the bid to the date of delivery
of the bonds shall be paid by the buyer, and settle
ment to be made at the County Collector’s Office,
Camden, N. J. The Board reserves the right
to reject any or all bids. Proposals to be ad
dressed to the Chairman of Stone Road Commit
tee, County Collector’s Office, Court House
Camden, N. J.
F R E D E R IC K F R IE S ,
Chairman Stone Road Committee.
GEO. J. B E R G E N . SolT.,
428 Market S t., Camden, N. J.
Dated October 23, 1906.
Albert Kleybolte & Co.,
ERVIN & COMPANY,
4 0 9 W a l n u t Street,
C I N C I N N A T I , O*
M ACON , M IS S O U R I.
(Eatabltabed In 1889.)
MISSOURI MUNICIPAL BONDS—
School, City, County and Drainage
Our list gives a wide selection of
many attractive issues in sizes of
$2,000 to $100,000
Opinion Chicago counsel, full legal
papers furnished
We buy direct and handle nothing on
brokerage
Close buying, large volume and small
profit make our offerings attractive
Send for latest circular
New York, Chicago, St. Louis and
Kansas City references
County of Camden, N.J.,
Municipal,
County, State,
a n d H i g h - G r a d e P u b lic
Secu rities
Service
BANKERS,
M
,
(New York Stock Exchange.
\Philadelphia Stock Exchange.
BONDS
FOR
43 Exchange Place,
New York.
IN V E S T M E N T .
Drexel Building,
Philadelphia.
Correspondence Solicited
Specialists in New Jersey Securities.
E s ta b lis h e d 1HN3.
H. C. Speer & Sons Co
First Nat. Bank Bnilding, Chicago.
C I TY
COUNTY
AND T O W N S H I P
BONDS.
eisele
& king,
BANKERS,
Members o f New YTork and Philadelphia
Stock Exchanges.
Private Wires to
N.Y. and Philadelphia.
7 3 7 - 7 3 9 B ro a d S t..
NEWARK.
THE CHRONICLE
f. Denomination $1,000. Interest May ,and November at
the Fourth National Bank in Boston.
[V O L . L X X X IIL
H a y d e n , M ille r & C o . ,C l e v .$ 5 0 ,9 8 7
H o e h le r & C u m m in g s , T o l . 5 0 ,9 1 2
W e l l , R o tli & C o ., C ln c ln . 5 0 ,8 5 2
B re ed & H a r r is o n , C ln c ln . 5 0 ,8 4 0
O tis & H o u g h , C le v e la n d . 5 0 ,8 1 5
R . K le y b o lt e & C o ., C in e . 5 0 ,7 0 0
5 0 1 S e c .iS a v s . B k .& T r .C o .,T o l $ 5 0 ,7 2 6
5 0 ; N e w 1st N a t . B k ., C o lu m . 5 0 ,7 2 5
0 0 , V V .J .H a y e s & S o n s , C le v e
5 0 ,5 6 8
O O iS . A . K e a n , C h ic a g o
.
5 0 ,0 2 5
0 0 1 VV. R . T o d d & C o ., C l n . .
5 0 ,0 0 0
001
00
00
00
00
00
West Palm Beach, Dade County, Fla.— Bond Sale.— On
Oct. 25 the $7,500 5 % 10-30-year (optional) gold coupon
sewer and street bonds dated Sept. 1 1906 and described in
Worcester, Mass.— Bonds Authorized.— The following
V. 83, p. 1000, were awarded to Albert Ivleybolte & Co. of bonds were recently authorized:
Cincinnati for $7,550 (100.666) and accrued interest— a basis $ 1 0 ,0 0 0 4 % re giste re d M lllb u r y S tr e e t p a v in g b o n d s d a te d J u ly 1 1 9 0 6 .
of about_4.914% to the optional date and 4.957% to full
1 2 .0 0 0 4 % re giste re d S o u th b r id g e S tr e e t p a v in g b o n d s d a te d J u ly 1 1 9 0 6 .
2 7 .0 0 0 4 % re g iste re d s c h o o l-h o u s e b o n d s d a te d J u ly 1 1 9 0 6 .
maturity.
1 2 6 ,8 2 5 4 % re g iste re d S h r e w s b u r y S tr e e t im p r o v e m e n t b o n d s d a te d J u ly 1
West York (Borough), York County, Pa.— Bond Offering.
— Proposals will be received until 7:30 p. m. Nov. 14 by J.
Frank Rebman, Borough Secretary, for $2,500 4 % coupon
bonds. Denomination $100. Date Dec. 1 1906. Interest
semi-annual. Maturity fifteen years, subject to call after
ten years. Borough pays State taxes.
Yatesville, Upson County, Ga.— Bonds Voted.— On Oet.
23 the $4,000 6% school-building bonds described in V. 83,
p. 1000, were authorized by a vote of 34 to 1. Date of sale
not yet determined.
Yonkers, N. Y .—Bond S a le — On Oct. 30 the $250,000 5 %
tax-relief bonds were awarded to N. W. Harris & Co. of New
York City at 100.301— a basis of about 4.80% and the $50,000 5% assessment bonds were awarded to Geo. M. Hahn of
New York City at 100.37— a basis of about 4.93% . Follow
ing are the bids:
White County (P. O. Monticello), Ind.— Bond Offering.—
Proposals will be received until 12 m. Nov. 5 by J. L. Acker
man, County Auditor, for $12,152.85 6 % 1. M. Carnahan No.
2 ditch bonds. Interest May 15 and Nov. 15.
f Whitman County (Wash.) School District No. 59.— Bond
Offering.— Proposals will be received until 2 p. m. to-day
(Nov. 3) by the County Treasurer and the Board of Directois
(P. O. Colfax) for $20,000 registered school-building bonds
at not exceeding 6% interest. Denomination $1,000. In
terest semi-annual. Maturity twenty years, subject to call
after ten years. The bonds are exempt from all taxes. Bid
ders to specify whether or not they will furnish the necessary
blank bonds. Bonded debt, not including this issue, $25,000.
Assessed valuation for 1906 $777,735.
N. W. Harris & Co., New York__
G e o . M . H a h n , New' Y o r k __________
W . J . H a y e s & S o n s , C le v e la n d ___
A d a m s & C o .. B o s t o n _______________
D o m in ic k & D o m in ic k , N e w Y o r k
#
City of GraDd
Rapids, Mich.,
City
S T R E E T IMPROVEMENT BONDS
O ffic e o f C ity C le r k ,
G r a n d R a p i d s , M i c h ., N o v . 1 i 9 0 6 .
S e a le d b id s w ill b e r e c e iv e d b y th e C ity C lerk
u n til N O V E M B E R 1 2 1 9 0 6 , a t 2 o 'c lo c k p . m . ,
as fo llo w s :
F o r $ 1 6 0 ,0 0 0 o f c o u p o n b o n d s a n d a c c ru e d
in te r e s t.
T h e p ro ce e d s to b e d e v o te d so le ly
t o th e p u r p o se o f m e e tin g th e e x p e n s e o f th e
im p r o v in g o f s tre e ts in th e C ity o f G ra n d R a p id s .
F o r $ 8 0 ,0 0 0 o f c o u p o n b o n d s a n d a c c ru e d
In te r e st.
T h e p ro ce e d s to b e d e v o te d so le ly
t o th e p u r p o se o f m e e tin g th e e x p e n s e o f th e
c o n s tr u c tio n o f p u b lic sew ers In th e C ity o f
G r a n d R a p i d s , a s fo llo w s :
$ 1 6 0 ,0 0 0
o f S tr e e t I m p r o v e m e n t
B o n d s .—
1 6 0 b o n d s o f th e d e n o m in a tio n o f $ 1 ,0 0 0 e a c h ,
w ith p ro p e r in te re st c o u p o n s a t t a c h e d , b earin g
d a t e M a y 1 1 9 0 6 , p a y a b le s e m i-a n n u a lly on
th e su c c e ssiv e first d a y s o f M a y a n d N o v e m b e r ,
in e a c h y e a r , th e p rin c ip a l o f sa id b o n d s to
b e p a y a b le a s fo llo w s :
$ 4 0 ,0 0 0
due M a y 1
1908;
$ 4 0 ,0 0 0 d u e M a y 1 1 9 0 9 ;
$ 4 0 ,0 0 0 d u e
M a y 1 1 9 1 0 ; $ 4 0 ,0 0 0 d u e M a y 1 1 9 1 1 ; a ll o f
sa id b o n d s , b o th p rin c ip a l a n d in te r e s t, t o be
p a y a b le a t th e o ffic e o f th e C ity T re a su r e r o f
sa id c i t y ,
eg
• ■ • •
$ 8 0 ,0 0 0
o f S e w e r C o n s tr u c tio n
B o n d s .— 80
b o n d s o f th e d e n o m in a tio n o f $ 1 ,0 0 0
each,
w ith
p ro p e r in te re st c o u p o n s a t t a c h e d , a n d
b e a rin g d a te M a v 1 1 9 0 6 , p a y a b le s e m i-a n n u a lly
o n th e su c c e ssiv e first d a y s o f M a y an d N o v e m b e r ,
in e a c h y e a r , th e p rin c ip a l o f said b o n d s to be
p a y a b le a s fo llo w s :
$ 2 0 ,0 0 0 o n M a y 1 1 9 0 8 ;
$ 2 0 ,0 0 0 on M a y 1 1 9 0 9 ;
$ 2 0 ,0 0 0 oh M a y 1
1 9 1 0 ; $ 2 0 ,0 0 0 o n M a y 1 1 9 1 1 ; a ll o f said b o n d s ,
b o t h p rin c ip a l a n d in te r e s t, to b e p a y a b le a t
t h e o ffic e o f th e C ity T re a su r e r o f sa id c it y .
B id s w ill b e re c e iv ed o n said b o n d s b e a rin g
in te r e st e ith e r a t th e ra te o f fo u r per c e n t ( 4 % ) ,
p er a n n u m , or a t th e ra te o f fo u r a n d o n e -h a lf
p er c e n t ( 4 J ^ % ) per a n n u m , a n d c a n be m a d e
fo r th e w h o le or a n y p a r t th e r e o f, b u t fo r n o t
le ss th a n $ 1 ,0 0 0 .
An
u n c o n d itio n a l ce rtified
check
o f th ree
p er c e n t o f th e fa c e v a lu e o f th e b o n d s bid f o r ,
m a d e p a y a b le to th e C ity T re a su r e r o f th e
C ity o f G ra n d R a p i d s , sh a ll a c c o m p a n y each
b id .
In
case o f su c c e ssfu l b id d e rs
refu sin g
t o a c c e p t b o n d s a fte r sa m e are a w a r d e d , said
a m o u n t a c c o m p a n y in g said b id sh a ll be re ta in e d
b y th e C ity o f G r a n d R a p id s , as s tip u la te d
c o s ts a n d d a m a g e s .
T h e C o m m itte e o n W a y s
a n d M e a n s an d o ffic ia ls in c h a rg e th e r e o f, h e re b y
re se rv e th e rig h t to r e je c t a n y an d all b id s.
J O H N L . B O E R , C ity C lerk .
HIGH G R A D E
BONDS
Lists upoa request,
Denison & Farnsworth,,
BOSTON a n d C L E V E L A N D .
Zanesville, Ohio.— Bond Sale.— On Oct. 29 the $20,000 4 %
5-year coupon[garbage-plantbonds dated Sept. 1 1906 and de
scribed in V. 8 3 ,p. 930, wereawarded$18,000to W. R. Todd &
Co. of Cincinnati at par and accrued interest and $2,000 to
Robert Fulton at 100.50 and accrued interest. Bids of par
less attorney’s fees were also received fiom Weil, Roth &Co.
of Cincinnati and Hoehler & Cumm ngs of Toledo.
N E W LOANS.
# 3 0 , 0 0 0
Biloxi, Miss.,
COATtSVILLE, PA,
WATER WORKS BONDS
SCHOOL LOAN
T h e M a y o r a n d B o a r d o f A ld e r m e n o f th e C ity
o f B ilo x i, M is s is s ip p i, w ill re c e iv e b id s u p to a n d
in c lu d in g N o v e m b e r th e 8 t h , 1 9 0 6 , fo r th e p u r
c h a se o f T w e n t y -f iv e th o u s a n d d o lla rs o f a d d itio n
a l w a te r -w o r k s b o n d s .
D e n o m in a tio n o f b o n d s $ 5 0 0 e a c h , b e a rin g
fiv e p er c e n t in te r e s t, p a y a b le s e m i-a n n u a lly .
B o n d s t o m a tu r e in t w e n t y y e a r s , p a y a b le o p
tio n a lly a fte r te n y e a r s .
B o n d s to be d a te d
O c to b e r th e 1 5 t h , 1 9 0 6 .
A c e rtified c h e c k o f fiv e p er c e n t o f th e b o n d s
b id fo r to a c c o m p a n y e a c h b id .
T b e B o ard re
se rv in g th e rig h t to re je c t a n y a n d a ll b id s.
C i t y ’ s b o n d e d d e b t , in clu d in g this is s u e . $ 1 4 7 ,5 0 0
A s s e s s e d v a lu a tio n o f p r o p e r ty ___________ 2 ,1 6 4 ,0 0 0
A c t u a l v a lu e ____________________________
3 ,5 0 0 ,0 0 0
T a x r a t e , per $ 1 ,0 0 0 _______________________
$ 1 5 .2 5
P o p u la tio n 1 9 0 6 ______________________________
8 ,0 5 8
S e a le d p ro p o s a ls w ill b e re c e iv e d b y th e u n d e r
s ig n e d u n til 12 o ’ c lo c k n o o n , N O V . 1 6 T H , for
th e p u r ch a se o f $ 3 0 ,0 0 0 0 0 C o a te s v ille , P a . .
S c h o o l B o n d s o f th e d e n o m in a tio n o f S I ,0 0 0 e a c h ,
to be d a te d J a n . 1 s t , 1 9 0 7 , a n d p a y a b le J a n . 1 s t,
1 9 3 7 , w ith th e o p tio n o f p a y m e n t o f $ 1 ,0 0 0 each
y e a r (b e g in n in g w ith B o n d N o . I . B .) o n a n d
a fte r J a n . 1 s t , 1 9 0 8 , o u t o f th e a n n u a l t a x la id
fo r t h a t p u r p o s e .
■ S a id ^ B o n d s to b e a r in te re st a t th e r a te o f fo u r
(4) p er c e n t p er a n n u m , free o f S t a t e t a x , p a y a b le
s e m i-a n n u a lly o n J u ly 1 s t a n d J a n . 1 s t.
B id s
t o b e m a d e o n b o th c o u p o n a n d re g is te re d B o n d s ,
th e B o a r d re se rv in g th e rig h t t o issu e e ith e r k in d .
B id s t o be a c c o m p a n ie d b y a c e rtified c h e c k for
$ 6 0 0 , a n d th e rig h t to r e je c t a n y or a ll b id s is
re s e r v e d b y th e B o a r d .
S. H . S C O T T , M .D .,
P r e s id e n t C o a te s v ille S c h o o l B o a r d .
SEW ER IMPROVEMENT BONDS
and
of
1 0 0 .3 7
1 0 0 .0 3
1 0 0 .2 8
1 0 0 .2 7
Youngstown, Ohio.— Bonds Authorized.— On Oct. 22 the
City Council passed an ordinance providing for the issuance
of $1,500 5% coupon bonds for the purchase of City Lot No.
13,281. Denomination $500. Interest semi-annually at the
office of the City Treasurer. Maturity $500 yearly on Oct.
1 from 1908 to 1910 inclusive.
N E W LO A N S.
2 4 0 , 0 0 0
$ 5 0 ,0 0 0
Assessm't bonds.
For description of these securities see V. 83, b. 1062.
Williamsburg, James City County, V a.— Bond Sale.— On
Oct. 12 the $12,000 5 % 30-year improvement bonds offered
on that day (V. 83, p. 851) were awarded to L. L. Dirickson
Jr. at 101— a bas.s of about 4.936% . Denomination $500.
Date Oct. 15 1906. Interest semi-annual.
Wood County (P. O. Bowling Green), Ohio.— Bond Sale.
-—On Oct. 29 the $50,000 5 % coupon highway-improvement
bonds described in V. 83, b. 930, were awarded to Hayden,
Miller & Co. of Cleveland at 101.975— a basis of about 4.20% .
Folio wing are the bids:
N E W LO A N S.
$ 2 5 0 ,0 0 0
T a x -.relU f b o n d s .
1 0 0 .3 0 1
1 0 0 .1 9
1 0 0 .0 5
O. G. SWETMAN,
C ity C lerk .
Adrian H. Muiier & Son
A U C T IO N E E R S,
Regular W eekly Sales
STOCKS and BONDS
OF
Parry, Coffin & Burr,
INVESTM ENT BONDS.
60
State Street,
BOSTON,
EYERY WEDNESDAY.
O ffice
N o.
55
W IL L IA M
SXBEB1
C o rn e r P in e Street.
Biodget, Merritt & Co ,
BANKERS,
6 Congress Street* Boston.
36NASSAD
S X K .K K T .N K W
Mac Donald, McQoy & Go,,
AND CORPORATION
B G iS iD S .
OF
Railroad Securities
JULY, 1906, EDITION.
Y O IK
STATE CITS' & K a ILSOAO BONDS.
MUNICIPAL
HAND-BOOK
x8i La Salle Street, Chicago,
(Issued Semi-Annually by tbe Publishers of tbe
C o m m e r c ia l & F in a n c ia l C h h o n ic l e .)
T E R VIS
P r ic e o f S in g le C o p ie s ,
-
-
T o S u b s c r ib e r s o f th e C h r o n ic le ,
-
$ 1 OO
-
75
T o B a n k e rs nnd Brol>ers ,i c q u an titie s,
w ith their card s le tte r e d In g iit o n th e
c o v e r , a t sp ecial ra te s.
Commercial & Financial Chronicle,
Pine Street, cor, Pearl Str*et, New York
@FedFRASER