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—
.
5
.
2051
finanrial
Entered aocordins to Act of Consfress,
in the
year 1904, by William
B.
Dana CoMPAwr,
in the office of Lihpqrian of Oonareas. Wasliircrton.
T>.
C.
SATURDAY, NOVEMBER 5, 1904
NO. 2054
CLEARINGS—FOB OCTOBER 1904 AND 1903. CLEARINGS— WEEK ENDING OCT. 29, 1904.
VOL.
79.
ALSO SINCE JANUARY
1,
190^
AND
T.-n
Octo'ter.
Clearings at
New York
Pbuadelphia
Pittsburgh
Baltimore
—
Buflalo
"Washington
Albany
Rochester
Scranton.
Syracuse
1901.
7,476,864,592
548.f.53,016
188,583,331
108,433,703
28.72y.887
18,U67,883
17,406,988
13,125 211
7,801,941
5,552,169
4,(134.533
Wilmington
Wilkes Barre
Wheeling
Blnghamton
Greensburg
Chester
Frederick
Total Middle.
4,027.675
8,864,36*
1,898,300
1,695,276
1,846,803
881,62"
8,426,667,287
593,783,888
36,306,600
11,835,630
8,536,429
Boston
Providence
Hartford.
Kew Haven
gprlngfleld
6,7.36,611
"Worcester
6.332,613
7,894 652
2,606,720
2,188,962
2,488,206
2,422.810
Portland
Fall River
Lowell
New Bedford
Holyoke
1903,
5,233,275,20.3
(
n. or
I)e£.
ALSO SAME WEEK IN
1003.
I'liHimj
%
55,864,779,817
-7-3
—
+
+
6,145,953,650 +37-1 59,933,610,653 64,812.964,411
2.169,791
OP
5"7
--3-0
--8-4
--7-8
1-7
—36-9
— 1-1
-8-3
+11
-P4
5,327.813,563 5,620,411,319 —5-8
286,242,300
293,849,900 —2-6
115.320.274
115,654,530 —0-3
83,&19,355
78,128,362 +6"9
63,926,416
69,422.613 —7-8
51,116,314
70,263.855 -27-2
65,475,405
64,492,252 +1-5
31,628,359
38,113,151 -17-0
19,374,958
19,870,276 —2-5
20,012.168
23.124.583 -13-5
20,339.933
18,757,220 +£4
+1-2 6.084,799,045 0,412,088,061
—51
681,133,121
673,037,572
Cincinnati
Cleveland.
Detroit
812,107,676
98,681,500
60,613,382
45,867,983
Milwaukee
36,314,08fi
Indianapolis
Columbus
Toledo
28,809,374
20,401,400
14,819,004
Peoria
14,250,451*
824,973.863 -t-6 7.312,616,^46 •,331,281,515 -0-3
95,318.800 +3-5 1,013,450,900
967,881 ,400 +4-7
569,630,915 678.749.505 -161
67,611,549 -10-3
426.959,31
433,008,706 -1-4
4o.75«,142 +0-2
37,y63,<iai -4-8
332,743,165 322,223,111 +3-3
0-8
262,785,133
26,752,950
264,842,483
20,287,100 +0-6
185,073.000
189.770.300 -2-5
1-3
14,632.42»
135,827,932
138,752,174 —2-1
3-3
115,785,3113,376,638 +6'5
119,740,200
8,622,668 —15
83,118,809
80,591,061 +31
7,995,751 -13-9
72,455,924
72,743,749 -0-4
6,12-5,893 +5-3
57,581,677
54,329.255 +60
8,205,100 —15-6
24,303.800
81,629.400 -23-2
109
8,738,311
30,986,04:;
30,532,193 +1-5
57-6
3,113,478
21,770,820
28,580,659 -23-8
2,906,052 +199
31,041.640
28,344,771 +9-5
2,410,569 —120
27,035.565
21,936,303 +8-4
2.524,778 -iO-5
23.465,875
22,826,987 +2-8
1,939,598 +U-1
19,743.849
18,995,033 +3-9
2,049,569 -20-8
16.847,491
18,224,250 -7-6
3-U
1,722,478
17,355,087
16,081.217 +7-9
1,500,567 —8-9
13.692,041
13,084 529 +4-6
1.319,668 -120
12.l43,70:i
12,005,075 4-1-1
229
1,062,124
8.280,953
9 286,654 -10-8
1,037,382 -03
9,838,850
9,431.986 +4-8
934.125 -I-13-0
9,137,026
8,399,973
458.00. +120
4,002,641
3,921,042 r2-t
,v
Total N.Eng...
Chicago
Orand Rapids...
Dayton
Evansville
Akron
Springfield,
"y
111...
oungstown
Kalamazoo
Lexington
Canton
Rockf ord
Ohio
Bloomlngton....
Suincy
1,94 1, 06S
1,623,744
1,655,565
1,866,910
1,160,000
Jacksonville, 111.
Jackson, Mich...
819.444
1,033,949
1,055,979
513,590
Springfield.
ecatur
Mansfield
Ann Arbor
•'
—
+
Seattle
Salt Lake City..,
Portland
Spokane
Ta*;oma
Helena.
Fargo
Bloux Falls
Total Pacific...
Kansas City
—
Minneapolis
Omaha
St.
St.
Paul
Joseph
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita
Colorado Springs
Fremont
To. other West
St. Louis
New Orleans
140,985,629
27,329,636
23.088,260
13,738,340
21,627,108
13,070,638
12,649.087
2,641 373
2,919,795
1,521.290
142,358.56'
259,577.162
249,770,644
101.123.983
10^.148,916
36,440,597
30,783,091
19,827,418
21,457,213
0,896,816
6,344.100
3,940.375
4,105,859
4,165,600
2,222.876
905,886
343,362.73a
2.54,996,727
81 ,32.8.464
I/Ouisville
47,285,656
Houston
.36,197,079
Galveston
85,645,500
21,202,613
27,455.962
28.980,190
Ritlini.,rifl
Savannah
Meuiphls
Atlanta
Nashville
Norfolk
Fori Worth
Birmingham
....
Knoxviiie
Augusta
Little llock
16,791,391
12,181.680
9,320.996
9.801,322
6.566.439
5.139,751
9,260.225
5,1.57.817
MToon
3,195.704
Chattanooga
3,.32(S,924
Beauni'int
Jacksonville, Fla
Total South ..
,
1,511.920
3 620 977
TotalaU.
819,330,373
—
—
Total M. "West. 1,179.826,089 1,199,338.136
San Francisco...
Los Angeles
,
i!
—Lti 10837673,272
-1-0 1.251,617.981
+1-1 274,408.517
+8-9 180,775,742
+3-3 121.937,035
+20-3 152.282.053
27,026,699
21,204.119
13.299.107
17.973,243
14-9
11,381,111
9,288,786 +36-5
2,674.199 -1-2
8,126,401 -6-6
1,458,412 +4-3
+
98,610,820
88,896,532
26,125,008
20,162,641
11.359.539
0980193,531
1,259.862.
247.665,
171,315.
121,779,
143,179,
91,594,
81,918,
24,192,
22,644,
10.650,
--6-4
--7-7
--8-5
--8-0
-110
+6-7
+3-9 2,226,176,468 2,174,202,998 +2-4
118,643,162 —14-8 891.285,870 887,282,708 +0-4
65,564,680
36,502,721
30,559,855
20.2t)5.681
+ 19-5
—OV
+0"7
-2-2
—3-6
—5-5
+17-5
-47-2
22,253.6TO
10,473.331
5,100,457
7,465,737
10
4.590,750
3,303,851 +26-1
1,433,831 +55-0
813,259
+7-4
—
645,109,787
325,660,370
252,159,362
195.436,327
186,499,096
95.533.605
52,96«,852
87.811,90ii
89,482,830
44.811,806
21,100,315
8,090.600
576.016.091 +120
328,813,966
10
252,121,318 +001
210,137,579 —70
195,397,850 -46
91,880,127 +40
58,863,898 -100
59,590.587 -37-3
41,242,335 —4-3
31,637,950 +40-1
18,617,425 +13-3
7,731.482 +4-7
+
+
+
11, 509,896, 70.^
n,17C..'i20..V14
+2r,A
87,1.39,.584,821 91,S02,2116..S95
-»1
4,033,032,173
3,943,245.341
+23
85,328,756,766 .35,937,517,078
-17
39.766,917
21,113.275
5,625.8d9
3,689.738
3.477.599
2,272.13»
1 320,115
1,194,670
1,062,364
618,164
746.671
337.100
518.362
113.294,997
36,261.641
22,448,984
5,668,245
2.556.356
3,549.200
2,397,064
1.502,696
1,309,556
1.065,454
765,903
643,185
39,173.9.'53
22,881.482
6.436.58
4,187.490
8,377,477
2,081,342
2,020,210
1,127,602
1.026,131
912.919
684.68
403 700
820,63
371,300
492.961
210,436
985,292
20,414,573
+12-1
+3-4
Syracuse
Wilmington....
Wilkes Barre...
Wheeling
Blnghamton
...
Greensburg.....
Chester
Krie
Franklin, Pa...
Reading
Boston
Providence
Hartford
New HavenWorcester
Portland
Fall River
Lowell
New Bedford
Holyoke
New England.
,
Cincinnati
,
,
Detroit
,
Milwaukee
....,
Indianapolis......
Columbus
,
Toledo
Peoria
,
Grand Rapids...,
Uayton
Evansville
Akron
Springfield. lU...
Youngstown
Kalamazoo.,....,
Liexington
Canton
Rockf ord
Spriugfleld.
O
Bloomlngton
Quincy
Decatur
....
2,129.130
1,510.532
1.284.935
1,170.043
1,427.45
797,300
Ann Arbor
Total Mid. Western
San Ftanclsco
Los Angeles.
Seattle
Salt Lake City
4-36-0
-22
—24
— 16-3
—1-4
+15-2
—5-4
—7-5
+23-6
19556.350
14.334.590
10,054,303
7,506,941
6,060.414
4,488.000
3,196.78'
3,148.201
1,936,889
1,455,944
1,180,35
504,800
638 265
546.574
728.416
437.448
398.938
581,576
359,573
355,140
272.495
Paul
Louisville.
Houston
Richmond
s.ovannah
Memphis
Atlanta
+2-4
+&
5.378,751
4,242,400
3,252.923
—
-11-7
—4-0
-23-1
7;>5.896 -18-2
785,478 —30-4
620,784 +17-4
-11-2
492,l(il
-22-0
510.25
3S>2.821
358,83'
+ 12-3
-i-27-5
4.61 3.2-^6
+5-2
3.3r2.80I
8,608.963
2.192.614
2,103.478
27.706,728
3,082,646
3,626.696
8,801,828
8,224.449
1.289,733
1,404,184
608.050
468,291
283,573
+13-1
-7-5
814.438
294,548
270.466
210,095
—18
9
-17-5
-1-6
150,000 +10-0
2-22,669
+201
+4-3
+30*4
+9-2
-10-5
-31-3
64,258.9
26,396.153
20,513.035
8.057.097
7,682, 19(:
4.182.657
4,862,594
2,045.295
1,281 .330
1,567,708
+T4
60,89091?
22,377,642
18.621.040
7.125.09'
6.623,764
4.564.230
4,760.100
1.831.850
1,612,825
1,575,520
860,788
800.611
879.930
171,974
-25
+5-8
+18-1
-0-1
-7-6
+13-7
-419
758,(i52
—11-3
814,565
256 066
187. 62C
-(-2c-!
+7:i-4
444, ,168
168, 451
441, 663
Not Include
79,091,216
78.604.974
+1-6
7I.206,3»6
P9. 133.672
47,818.509
+252
19.894.031
10,649.527
8,877.142
6,899.500
4.982.398
5.405.028
7,265,811
3,280.707
18,189.:i51
+9-1
+ 21t
45,924.551
11,496 993
9.686,970
8.75w.6.'.'0
10,600 000
6,251.000
8,552.027
5,842.40)
— lu-2
il
-102
+2
1,107069
2,012,981
Little Rock.
1,270,6;
1,631, .W4
—7 5
6,(H13.63I)
+l'J-8
3.l«6,581
+2-9
+:t9
+8-9
1.1.-)4.761
19-5
+
-)-10-8
1,I0.5.296
+47-0
910,000 -19
711 79-.;
+6 9
avni labic.
llgu
not
Weekly
res
716.19.-)
676.739
+5 9
324,580 Not inciu<lt f1 In to
125,54 1, 06< +135
1.041,412.002
all
Outside
New
York.
895,098,084
82 1. 8:10.20 J
Table Clearlngii bv Teioffrayh and Canadian Clearlags on paa«s 'i064
a
+45
('.
06.627.885
43.310.974
11,311.847
8.380.867
7,383.085
4,494,500
8,619.032
4,697,736
3,867,458
2.428,083
1.495.243
l.;i98;355
l,.^8i).5S3
l,0,>s.N33
527.030
1,810,218
721,201
SI 1, Olio
1
037,006
682,241
600,000
760,s.")9
Columbus, Oa
Total Southern
1,579,523
1,270.035
1,168,386
576,793
935,184
105,574
4.:U8,3ll
5.216,589
2.797,253
1.572,679
1.657,772
1.470.587
1„S05.497
749,944
1,757.094
1,258,502
— 16-5
735,575
neminiont
Jacksouville
1.6:10.178
9.5110,000
4,,S55.500
3,595,0:J8
1
+4l_)-3
-H3i-1
Knoxvllle
46,?60,116
18,851,707
18 721,488
6,763.265
0,619.884
4,479.283
3,857,297
in to tal.
+21
Augusta
65.000
150,694
138.246
41,823
444.475
625.447
828.786
-8-7
+14-8
2,0B8.wn
'hati anooga
977,951
679,800
595.763
563.128
553,910
468,691
529.591
+30
406,080
1.870.071
2,080,19;
1,217,489
1,071.671
].681,W02
.Vl.icon
1,580,99'
734,S00
1,950.621
2.238, 1 76
1,620,021
(
12.730,576
6.474.742
4,420,805
3,250,000
1,986,821
2,830,370
1,367.986
1,191,376
853,495
552,000
600,387
474,499
894,536
467,665
850,653
312,848
304,054
300,134
278,408
14,15.'?.680
6,809.061
0.097.226
4.260.000
3.134.099
3,020,569
1,583,085
+118
1.732,142
1,647,055
1,235,649
2,527.1541
Charleston
9,209.27(/
+16-0
2,714,89.
Norfolk
Worth
lUrminglmm
159.682,881
17,657,100
—0-4
+12+5-8
1-
7.5:S9.32i
.N'aslivillo
Fort
160,947.828
164,515.586
20.715,900
14,161,(W
280,938,058
1,025 956
(Jalveston
—20
150,032 566
29,389.109
4,271.988
911, ,157
672, ,559
Orleans
+0-4
538,873
795.271
498.853
241,447,437
1,890 ,687^
St. IjOUIS
-10-6
+13-4
+0-9
1.457 911
Total other West'rn
946.055
405,194
606.70^
475 512
—21
81.049.574
5.412.840
4,345.995
2,925,851
8,584,822
2.550.436
2,124.839
617,590
707.36
328.663
4,857,
Wichita.
-2-3
—34-4
+81-1
31,946.015
6,077,448
5,541,884
3,076,739
Denver
Des Moines
Fremont
Cedar Rapids
1.457,390
1,769.881
1,666.998
1,535.564
1,070.393
-17
-t-6-7
Sioux City
Colorado Springs
1.806.079
1.420.068
1 814.442
1,430.721
-fO-8
4.941 ,363
Topeka
Davenport
2,46-2,717
4-16-5
85,29*1
58,260 ,235
24.004 ,417
23,544 ,811
7,854 ,652
8,127 ,590
Joseph.
141.384.689
7.833,300
2.246.3:^5
249.717.647
2,067,635
2,897,588
674,878
633,284
225.637
Minneapolis
132,182.152
6.609.300
251,706,086
4.519,13:^
Omaha
+1"
+139
341.352
309.050
238,172
240.001
222,839
143,782
140,151
58.244
Portland
Kansas City
+149
+14
688,523
557.759
172,896,202
19,963.700
14.000,103
9.422,106
in to tal.
+64-9 1,609.285,097 1,549.350.537
408,9'
134,639,571
340,000
858,987
820,463
483,346
+35-''
il
800
152.073,419
Spokane
Tacoma..
Helena
Fargo
Sioux Falls
Total Pacific
6fi'>A
173,073,545
173.281
219,128
165.000
90,989
Jackson
New
159.981
inolud*.
118,040,121
282.ii4
Mansfield
Jacksonville
St.
St.
+23-8
398.26.~i
.-^fot
2,4-25.619
1,759,26'
523,394
495,163
639,241
498.434
Cleveland
4-9-8
4-8-7
3.832,160
3.289,524
2.165.124
1,485 008
1,152.790
1,220.46«
934.761
694.673
350,400
339.021
401,568
135,688.342
6,730.900
1,473,764
1,149,666
1,394,638
Springfield
Chicago
6,227.illC
8,142,089,825 1,299,691,471
Total Middle.
Total
Outside N. T.
103,946. 2"0
+8-3
1,113,913.497
103,531,756
42.4a'3.05;i
+
l-l 2,794,980,728 2,759 333,010
347,300,8SS
18
2^6,801,349 +12-4 2,268 353,880 2.060 ,479.424 +9-7
+4-4
77,893,607
764 348.079
026, 611,829 +220
43,014,637 -I-9-9 457 567,0.53
442, ,860.508 +3-3
37,925.158 —4-6 264 .501,018
272, 452,451 -2-9
-(-34-5
26,497.500
106, 598.500
170,,028.500 +150
17.930,0:i6 +1M'6
193 918,053
170, 442.699 4-13-8
25.850.731 + 6-2
157 915.874
+4-7
150, 888,961
23,08.3.322 +25-5
201 1)0.5.621
155 752.947 +290
15.525.565 +H-2
124 .739,010
111 413,731
9
14-5
10.615,114
108, 817,976
104 602.310
41
5-8
8,510,821 +9-5
71 ,878,741;
07 .936.612
11-2
5-1
8,815,400
70. 964,290
07 529, 131
5,231,918 +25-5
52, OliS.962
51, 994,09)
ra
5,700, 10^ -99
50. 830,637
48. 257,339
53
3-2
9,228.027 +0-3
59, 007.474
57, 172,122
5,064.059 4-1-8
40,,077.807
39, 4ai,8:;5 --1-7
4,802,000 -27-2
30 (i.J2.3-.i9
32 578,00(1 -5-9
3.234,720 +2-P
.33 431 988
29, 9''6,113 + II-5
1.915,96ft -/i2-3
18, 922,070
'ii, I09,93:( -10-6
3,329.519 +«"
35 .013,288
19, 875,139 ^76^2
561.119 654 + 10-4 5,202,338,655 1,713.514.278
10-4
1,.356.813.915
4-16-S
120,961,708
—09
—0-6
+10-8
+5"5
--01
+78-4 1,483,092,479
931,5.50.04
Philadelphia...
Buffalo
IbOl.
Dec.
Pittsburgh
Baltimore ......
Albany
Rochester
Scranton
1901.
/1(C. OJ
190:i
Washington....
\D
uctoner 29.
New York
Total
8,492,334
6,880,063
0,447,286
2,704,000
3,332,899
1,381,413
3,483,640
2,121,377
2,007.363
—
Dec.
400.050.015 4-10-8 4,600.192.731 1.897 ,783,.S88 -61
194.795,515 -3-2 1,062,640.494 2,039,004.543 -18-5
H-b
901,0n7.224
987,070,143 —8-6
118,970,214
267,269.155
261,631,057 +1-0
29,283.619 -1-9
+3-0
170.530.473
171,970.252 +1-5
18,423,500
155.1.54.58:
157,946,761 -1-8
16,836,782 +3-4
120.390.282
112,324.853 +7-2
11,789,823 -I-11-3
10-8
7,038,7773.8al,417
72,307.700 +2-2
10
55,830.804 -5-5
52,784,696
5,496.798
45.708,685
52.209,796 -12-5
5,794.614 -20-0
37,963,801
40,555,385 —8-4
4.628,266 -130
29,631,507
32,378,283 -8-5
3,404.351 —1-2
18,.527,100
18,168.400 +2-0
1,799,300 +5-5
16,334,180
19,337,027 -15-5
1,781,695 —4-8
18,806,049
19.601,525" -41
1,877.421 —1-6
7,057,5'
7,300,216
707.727 +24-6
+34
588,237,116
34,357,300
11,489,72"
7,877,319
6.276,720
6.225.466
7.331,699
4,130,513
2,213,814
2,728,107
Clear inijs at
Mi. or
1904.
+ 42-9 51,810,828,0.56
1003, 1002 A
Mont lis.
J
+9-0
d 'iO^i,
803,127
810,081
110 960 114
2:10.0.'4 515
99,63J-,«70
80S.»32,I30
?.
153 064.546
'.90
718.680
'
THE CHRONICLE.
2052
gaged
stock market has had a further back-set the cur-
rent week, and indeed
The leading reason
during
others
tlie
month.
past
A material
turbed.
difference
more
far
is
it
us;
higher than they were, and hence even the best
are
nearer
their
There
value.
full
smaller margin for future advances
inducement
less
and tending
to
to
to
new
unsafe venture
dollars, the
first
The transaction
is,
to
instalment to
of no concern to
is
our people have very few Russian bonds. Continental
And
for that sort of security.
yet in this case, notwithstanding our lack of interest,
through the voluminous increase in
— a situation affording
rency
purchasers to enter the market
making
issues,
our
market
this
country in the world of nations
paper
cur-
cheapest
the
draw gold from.
to
unnerve the tenacity of those who happen our money market was to-day subject
If
ordinarv
the
to
Besides that, the swelling tide of forces regulating the currents of the precious metals, ex-
be already holders.
buoyancy which has
—that
en-
much we cannot avoid acting as the go-between. The only
stocks way we have become involved in that affair has been
consequently a
is
looks like an
Europe has a strange fascination
easily dis-
that all prices are
is
what
be paid in January.
for this increased sensitiveness is that
and as a conse(|uence
in
loan Russia 270 million
the character of the market has changed in a vital particular,
Germany and France have
believe current reports,
THE FINANCIAL SITUATION.
Our
[Vol. Lxxix.
for a considerable time prevailed has
ports of gold from this center would raise the rates for
taken up, along with the higher class of properties, a money and so check the outflow.
As matters now
vast amount of securities that have very little or no in- stand, Europe might take 25 million dollars and more in
come
It does not
value, present or prospective.
many weaklings
be said that so
need
to
that metal
out
New York
of
without leading to active
are a source of debility,
money. Moreover, instead of an outflow, we should be remore timid ceiving gold from Europe in payment for the unusually
operators, quickly alive to and inclined to over-estimate large volume of cotton and other exports we are sending
every favorable and unfavorable rumor.
abroad.
W"e do not lay emphasis on this situation
Further than the above the course of the stock market because we are likely to suffer distinct and traceable
among
giving rise to an emotional state
needs very
explanation;
little
the
has kept strictly in harm on this occasion, but because
it
accord with the natural outcome of a situation such as
we have
described, acted upon by the week's happen- of other conditions to develop
Nothing discouraging in an industrial way has may prove highly disturbing.
ings.
been disclosed;
outlook in
the
particular
that
is
this
situation
is
a
constant evil doer and menace, only awaiting the union
an emergency
which
in
With reference to the revival of trade now in progress,
movement reported in the iron and steel departments
a long continued series of leaps upward as has been is getting to wear almost a sensational aspect.
One is
experienced, a waiting attitude and a closer study of led by the accounts now being published t<» recall the
affairs at home and abroad would be in keeping with movement the first quarter of the year, referred to in
conservative methods.
At the moment enough is going this column last week, when, against an output of iron
every respect favorable
though, a suitable
on and threatened
to
was nothing
there
to
moment
advances.
further
for
moderation.
keep the public on the
of an explosive
It
is,
After such
alert.
character
in
the
If of 846,605
view
to
other than the future of the relations between Great Britain and Russia, that situation
enough
is
to
make
tons
1,557,267
again
the
until
tons in September.
the
Ko one can, oflF-hand, determine the limits The inquiry is
War is also not too
public watchful.
of the dislocation such an extension of the Japanese
December 1903
in
tons
April
in
1901,
there
only
was a
to
rise
decline
had dropped to 1,167,672
That spasm of activity did not last.
total
whether the current expanding movement
rapid for permanency.
It hardly needs to
Of
Hence, so long as Russia's affront remains be said that the conditions are very different now.
The
unsettled, every rumor of a hitch in the diplomatic con- course any revival of trade can be overdone.
would
entail.
troversy in progress
is
enough, as has been shown this
week, to unsettle our markets.
A
current
minor outcome has more
movement has
slowly
and
on
this
broadened
has
occasion
developed
since
September
We
gradually and materially. Its start, too. had a solid basis
refer to the gold outflow to Europe, the amount of
which has fluctuated to a notable extent in accordance
with the changing aspects of the Hull incident. Gold
shipments to Europe began last week with the announcement by cable of Russia's reckless adventure, the gold
in the substantial settlement of the building trade difter-
been in progress, and has taken a suggestive form.
ences, and is now the growth, not of itself alone but by
and along with a prosperous expansion in various
departments of business the most important of which is
the railroad industry, as evidenced by the increase of
outflow threatening at that time to be large until news earnings the roads (the largest of all consumers of iron
reached New York that the difterences had been referred and steel) are showing.
It is quite possible, as our
capacity
very
large now, that prices will
to a commission for settlement, on which announcement productive
is
a considerable portion of the pro])osed withdrawals of gold advance so fast as to over-stimulate production and lead
was countermanded. Again the early part of the cur. to a check in the prosperity of the trade. Should it occur
rent
week gold shipments promised
to
be very large, a
jt
hitch in the arrangements for a settlement of differences
will be unfortunate.
in its issue of
On
November 3
that point the " Iron Age''
says that ''the quantity of iron
was declared without purchased since the buying movement began has been so
Europe became only large as to put the fiirnace companies into an indepenmoderate, followed by a substantial decline in foreign dent position and they are not disposed to sell too far
exchange.
ahead, believing that the strength of the market 'nill
continue, and by holding off they will be able to get
Another event, as we announced two weeks asfo higher prices. Conservatism is being preached, and in
nnd .again last week, has helped to induce a flow ofj every direction the danger of marking prices up too rap-
being reported
;
later this
foundation and the gold
gold
to
Europe.
report
movement
We
refer
to
to
the
prospective
Russia.
That transaction is one in
United States has no interest whatever.
to
which
If
idly is pointed out; but the opportunity of getting higher
loan
the
1
prices is very tempting.''
we can always
tempting.
Higher
That, though,
prices are of course
is
the rock on which
•
Nov.
is
j
movement
every bull
takes
THE CHRONICLE
1904.
5,
The course
in iron has split.
it
a well-worn road so often traveled as to be reduc-
ible to a single formula.
2053
which the voting trustees have published to show what
has been accomplished during the last seven years may
For the fiscal year 1897 the
well be repeated here.
namely the
total gross receipts of the three companies
Philadelphia & Reading Ry., the Philadelphia & Reading Coal & Iron Company and the Reading Company
were $-45,557,889. For the fiscal year 1904 the total
—
The public has been awaiting with deep
interest the
few days the expected fall of Port Arthur, which current advices have indicated might occur on the third
last
—
It Avas suggested, too, was no less than $77,040,255, an increase of 31^ million
would be the signal for dollars. In 1897 net earnings fell $579,134 short of
the beginning of the decisive engagement before Mukden meeting fixed charges.
In 1904 there was a surplus
of this season's campaign, if not of the war, which, it has of $7,757,538 above the requirements for charges.
been indicated for two weeks or more, was about to open
Not the least noteworthy feature, however, is the fact
Mikado's birthday.
instant, the
that the capture of
fortress
tlie
and would prove to be a most severely contested strug- that enormous improvements have been made in the
The next few weeks are consequently fraught with interval, with practically no addition to the annual fixed
gle.
At the same time both charges. Including taxes the aggregate of charges for
possibilities of large moment.
belligerents are diligently preparing in a financial
the
long
this
is
the
of
extension
way
for
Evidence
of
Government
is
conflict.
1904
is
given as $10,863,094, as against $10,350,040 on
an increase of $513,048,
but as taxes were $506,169 larger in 1904, that
seeking in Europe, and by the Japanese in the prep- item accounts for practically the whole of the inarations making for larger taxation and home loans. crease.
Moreover, it should be observed that the
The Government and people of Japan show them- charges for 1904 include the $920,000 interest upon
seen
each
loans
the
in
December
This
1 1896.
is
which the war the bonds issued in 1901 to pay for the acwith Russia is to cost the nation in taxes and home bor- quisition of a majority of the stock of the Central Railrowings than its army is to lay down their lives for their road of New Jersey a very desirable acquisition which
country on the battle-field. When Count Okuma, in pays for itself. It also includes $166,412 rental af the
selves no less ready to face the sacrifices
—
on the
address
his
of October, at the Associated
fifth
Banks' reunion at Tokio, stated boldly the undisguised
facts as to expenses which would be incurred "if the
war
two years,"
lasted
in
critics
if
Northern RR.
new
too, are
the fixed charges
Europe and America account
expressed surprise that he had been so careful not to say
&
Wilmington
RR., which,
and the Reading Belt
created
since
that
It is stated
acquisitions.
December
1 1896 on
of additional properties
of the acquisition
and
upon the additional general mortgage bonds issued
anything which might minimize coming burdens.
It for the purcliase of equipment are eliminated, the fixed
certainly was showing unbounded faith in the people charges of the Reading System for the fiscal year 1904
not to cheer them with hopes of a speedy end to the were $1,018,065 less than they were for the fiscal year
interest
contest, but to take time by the forelock as if no other ended November 30 1890.
emergency was presumable than that of a war lasting at
Now consider what has been spent upon the property
least two years.
There is, though, nothing surprising in in the interval. The Railway Company has expended
Count Okuma's attitude in that respect.
It merely for improvements and betterments during this period
evinces the spirit which permeates the words and actions
of the whole nation.
and whether the war
will
They
lasts
are
fighting
dozen years
one year or a
end only when that object
is
assured.
it
Late advices
Japanese financiers are already at work pre-
state that
paring measures for new legislation which
it is
estimated
with present taxes and domestic loans already
will yield,
arranged
existence;
for
770,000,000 yen.
for,
$8,582,421, which expenditures have added 230 miles of
track, the total increase in track during the period havlarger, namely 369 miles.
The value of
equipment has been enlarged from $1(»,990,856 on December 1 1896 to $31,027,728 on June 30
1904 and that of the floating equipment from $1,-
ing been
still
the rolling
439,850
The Railway Company has
$3,224,108.
to
accumulated
an
fund
insurance
of
$1,000,000;
have been purchased and canthe sinking fund amounting to $2,016,000; an old
general mortgage bonds
The voting
Reading Company, in an- celed for
week the termination of the voting trust in unadjusted claim for $560,648 of the City of Philadelthe shares of the company, give what may be termed an phia has been paid and $494,063 set aside to provide for
nouncing
trustees of the
this
account of their stewardship
during the years in which
And
they have been in control of the property.
The voting
Morgan, Frederic P. Olcott and
velous record
least the
it is.
first
trustees are J. Pierpont
At
C. S. W. Packard.
two of these have been identified with
numerous reorganizations of railroad properties
among
country, but
none
ful
that
all
the
Not
Reading
voting trustees took hold of
its
condition
rehabilitated,
is
in this
such reorganizations there are
can surpass the
results attained.
discredited
a mar-
Reading
all
persons
in
the
may
wonder-
recall
was when the
Every one knows wlmt
to-day.
It has not only been completely
both physically and financially, but its
and income have been brought up to a level
where dividends are being paid on both the first and the
business
second preferred shares, and where they may also be
paid on the $70,000,000 of common stock whenever it
is
deemed good business policy
so to do.
A
maturing obligations issued by the City of Philadel-
phia to pay for construction of the Pennsylvania
Avenue
&
Reading Coal
<& Iron Company has spent $5,870,505 for new work at
collieries and has paid oft' its coal certificates amounting
to $3,600,000.
Finally, the Reading Iron Company has
out of its earnings rebuilt its entire plant, and it has also
Subway.
Then,
also, the
l*hiladelphia
acquired a large interest in the Pennsylvania Steel
how pany.
property
it.
the
Such
the
are
facts
Com-
as set out by the voting
and they reveal a record of
improvement which has few parallels even in this coun-
trustees in
rry,
their statement,
noted as
it is
for like achievements.
The Pennsylvania Railroad has
tliis
week declared its
same
usual semi annual div idend of 3 per cent and at the
time has put out quite a
ings for the
few figures satisfactory
month
satisfactory statement of earn-
of September.
because
it
We
call the
shows a saving
in
statement
expenses
—
THE CHRONICLE.
2054
exceeding the amount of tho
gross earnings,
loss in
with the result of furnishing an improvement in net earn-
which improvement
ings,
turn serves to offset to that
in
extent tho loss in net earnings experienced in the earlier
months
of
the
satisfactory
have
reference
gross
earnings
the
of
in
to
the
fact
is
itself
the
that
We
Both gross and
net have been steadily rising year by year, and in a larger
ratio than the increase in mileage. In 1901, with an average of 92 miles, gross was $316,746; in 1902, with 97 miles
the amount was $478,531; in 1903, with 127 miles, it
was $532,534, and
rose, as have seen,
in 1904, with
to
148 miles, the amount
Net earnings have
$704,671.
in-
creased from $118,475 in 1901 to $182,957 in 1902, to
show-
$160,827 in 1903 and to $216,875 in 1904. The company also had $24,186 of other income in 1904, making
1^41,061 total net, as against which interest and other
deductions were $125,605, leaving a surplus of $115,457.
falling off in
of Pittsburgh and
net earnings from $100,827 to $216,875.
company
thus
The
also.
in
loss
a
(for
Pennsylvania),
the
an-
still
statement.
tho
small
ing improvement in that respect
gross on the lines east
however,
is,
feature
of
size
There
year.
other
[Vol. Lrxix.
Erie for the
month was $292,100 and on the lines west of Pittsburgh
and Erie $139,700, making together $431,800 decrease. On the funded debt as it stood June 30 1904 the interThis is the smallest amountof loss for the combined lines of est charge would have been $136,200, which is $13,036
any month of the year, excepting only February, and com- more than was actually paid for that purpose in the late
pares with $1,077,000 decrease in August and $1,837,- year.
Even on the basis of the full interest charged,
500 decrease in July. It must not be supposed, either, however, the surplus for the twelve months would be in
we are comparing with diminished earnings in Sep- excess of $100,000.
tember 1903. On the contrary, last year in that month
There was no change in
there was a gain in gross of $1,299,600, though the
any
of the European banks
gain in net was only $70,300. Following this increase
that
of
$1,299,600
in
ing in expenses
in 1903,
gross
ent year of $431,800
this
is
the
loss
the pres-
The
obviously not large.
sav-
year has been $1,028,100 ($550,000
last week, unofficial or open
by
week and, compared with
rates of discount
official
this
market rates were f of 1 per cen t
higher at London, steady at Paris and ^ of 1 per cent higher
at Berlin and Frankfort.
The feature of the statement of
and $478,100 on the Western the j^ew York Associated Banks last week was the small
lines), making the gain in net $596,300.
With this net gain of $99,100 in cash. The required reserve was
gain for September the loss in net for the nine months increased $1,159,375 as the result of the augmentation of
is reduced to $2,581,100 on the Eastern lines and to $4,637,500 in deposits and the surplus reserve was there$418,900 on the Western lines. In the following we by decreased $1,060,275; loans were expanded $4,356,The bank statement of this week should reflect,
furnish our usual six-year comparison of the gross and 200.
on the Eastern
lines
among
net earnings of the lines east of Pittsburgh and Erie
the
only portion of the
system for which
we hare
the
data for such a comparison.
other items, the withdrawal of $5,319,391 gold
bars from the
Assay Office, for shipment to Paris on
Thursday, payment therefor having been made at the
Sub-Treasury on Wednesday and also the withdrawal
from the Sub-Treasury on Friday of $2,000,000 gold coin
for shipment to Cuba on Saturday
the latter remittance
was on account of the recently negotiated Cuban loan.
The National City Bank on Thursday shipped to Paris
$200,000 French gold coin which was withdrawn from
its vaults.
There were transfers hither from San Francisco during the week of $1,301,000 domestic gold bullion, and $240,000 Australian gold and the transfer hence
to iTew Orleans of $330,000; Seattle Assay Office
checks for $610,626, representing Klondike gold, were
;
Links Bast of
Pittsburgh.
1904.
1903.
1901.
1900.
1900.
1899.
September.
8
$
10,388,650 10,680,750 9,822,760 8,701,950 7,238.539 6,644,439
Gross earningg
Opertit'g expenses 6,492,240 7,042,240 6,254,440 5,265,440 4,417,428 4,265,728
Net
earnings..
8,8)16,410
8,638,510
3,568,310
3,436,510
2,821.111
2,378,711
Jarul to Sept. 30.
Gross earoiDKS... 80,865,419 92,872.719 83,121,119 74,719,119 62,251,906 52,461,506
Operat'K expense? 60,597,553 64.023.753 54,432,753 48,694,753 42,140,599 37,457,099
Net earnlDgs..
26,267,866 28,848,966 28,683,366 26,024,366 20,111,307 15,004,407
figures include the Buffalo & Allegheny Valley Division fo""
1904. In Sept.. 1601, the earnings of this division were, approximately, groBs, $774,611; net, $253,199. From January 1 to Sept. 89 the
earnings of this division In 1901 were, approximately, $5,951,013 gross and $2,-
Note.— These
1901. 1902. 1903
and
010.759 net.
;
paid at the Sub-Treasury.
The Louisiana
&
Arkansas Eailway Co, has issued
Money on
its
call,
representing bankers'
balances, loaned
during the week at the Stock Exchange uniformly each
annual report the present week.
This is a small road
west of the Mississippi Eiver in Arkansas and Louisiana. day at 2J per cent and at 2 per cent, averaging about 2J
It is in operation from Hope, Ark., to Jena, La.
At per cent. Banks and trust companies loaned at 2^ per
Hope
tain
is made with the St. Louis Iron Moun- cent as the mimiinum.
Time loans on good mixed Stock
Southern division of the Missouri Pacific system Exchange collateral were quoted at Si'Sl per cent for
connection
&
and with the Eock Island-Frisco system.
Along
the
New
Or-
all
periods fr'om sixty days
to
six
months; the offerings
were not liberal, but at the same time the demand was
leans.
further extension to Katchez, Miss,, is pro- small, commission-house and other borrowers being, as a
Commercial paper was in only
jected and also a branch from Packton to Alexandria, rule, well supplied.
lower end junction
is
made with
the lines for
A
La.
The company has $2,724,000 bonds outstanding moderate supply and
and
$2,625,000
stock.
Including
the
two
pro-
ninety-day endorsed
rates
were 4 per cent
bills
receivable, 4'S4J per cent for
for sixty to
the
road will
comprise
alto- prime and 4^-2)5 per cent for good four to six months
270 miles; 187 miles are now in opera- single names.
tion and have been completed for almost a year, but
the piece of road from Winnfield to Jena, 39 miles, was
The Bank of England minimum rate of discount
not turned over by the construction department until the remains unchanged at 3 per cent, though there was some
present month, so that operations for the fiscal year end- expectation early in the week that it would be advanced.
ing June 30 were based on only 148 miles, or about 20 The cable reports discounts of sixty to ninety day bank
miles more than the average for the preceding year. bills at London 3^'®34 per cent. The open market rate at;
jected
extensions,
gether
Gross earnings increased from $532,534
to
$704,671 and Paris
is
2^®2|
per cent and at Berlin and Frankfort
it
if
THE CHRONICLE.
l^OY. 5, 1904.]
4|®4f
per cent.
London, the
Bank
J
.
.
According to our special cable from
of England lost £2,157,516 bullion
on
to Paris
ceipts
2055
this
the
at
movement is $8,802,768 16. Gold reCustom House during the week were
during the week and held £34,462,710 at the close of $208,910.
Nominal quotations
the week.
Our correspondent further advises us that
for sterling exchange are 4 84
was due to exports of £1,377,000 (of which for sixty-day and 4 87 for sight. The market opened
£1,150,000 to Germany, £180,000 to Egypt, £40,000 on Monday at an advance in rates for actual busito Malta and £7,000 to South America), and to ship- ness in long of 5 points to 4 8410®4 8415, but short
ments of £781,000 net to the interior of Great Britain- was 10 points lower at 4 8670'2)4 8675, and cables declined 5 points to 4 8705'a)4 8710. On Tuesday the marForeign exchange was easy on Monday, reflecting the ket was weak, short falling 5 points to 4 8665®4 8670
partial satisfaction of the demand for remittance through and cables 10 points to 4 8690'S>4 87; long was unthe engagement of $5,319,391 gold bars for shipment to changed.
On Wednesday the tendency was sharply
Paris on Thursday. There was also some selling of downward, long declining 35 points to 4 8375'a)4 8380,
sterling cables which, it was reported, had been drawn short 25 points to 4 8640^4 8650 and cables 25 points to
On the follow- 4 8665'a)4 8670. The market was weak on Thursday,
against the intended export of the gold.
Thursday
afternoon the closing firm, though 15 points lower for short at 4 8625®ing day and thereafter until
market was weak, the decline each day being important, 4 8630 and 5 points off for cables at 4 8660'S)4 8670;
especially for sight sterling and cables, and on Thursday long was unchanged.
The tone was firmer on Friday at
morning the former sold at 65 points below the price on an advance of 15 points for short and of 20 points for
Friday of last week, while there was a fall of 50 points cables.
Francs were affected
in cables compared with Friday.
The following shows daily posted rates for exchange by
by the rise of one centime in the rate for exchange at some of the leading drawers.
Paris on London, and marks were fractionally lower.
DAILY POSTED BATES FOB FOBBIGN EXCHANGE.
As above noted, the concurrent fall in exchange
Fri..
MON., TUKS., Wkd.. Thuh., FRI.,
Oct. 28. Oct. 31. Nov. 1. Nov. 2. Nor. 3. Nov. 4.
at
New York and the rise in Paris checks
85
60 days 485
85
85
extinguished
the
profit
on
gold Brown
on
London
t^
87
Brothers
^SiKht.. 4 87H
87«
87«
485
60 days
85
85
85
exports to Paris as an arbitration operation, and even Bartne,
84Ji
87
If"
Magoun & Co. sight.. 4 87J^
87^
81T4
87Ji
85
with the allowance which French bankers made of inter- Bank British
85
85
60 days 4 85
84«
1^^
87
No. America.
Sight..
87^
87}^
est on the consignments while in transit there would be Bank of
60 days 4 84^
1^^
4 87
r7«
ij«
i^«
87
Montreal
J Sight..
a loss to the exporter^ consequently no further engage- Canadian Bank 60 days 4 84^
mi
ll«
If"
i^«
l^«
87
of Commerce. {sight.. 4 87
ments of gold were practicable. Moreover, the supply of Heldelbacb.Ick- (60 days 4 85
85
85
85
l^
87
87«
87«
elbelmersCo. Sight.. 4 87M
87«
commercial gold bars in the Kew York Assay Office had Lazard
85
4 85
85
85
5 60 days
the
loss
5
5
^
(
J
5
5
<
been nearly exhausted,
less
than $1,000,000 remaining,
and the supply could not readily, or for several days, be
augmented by new bars, even if exchange conditions
should be restored so as to permit a renewal of exports of
A
Freres
}
MercDantR' Bk.
of Canada.
.
5
i
Sight..
60 days
Sight..
4S7i4
87H
87H
87H
4 85
85
85
85
87Ji
»7H
87M
4
87«
8^7«
87
85
87J4
mi
87
The market closed on Friday at 4 8375®4 8380
long, 4 8640®4 8645 for short and 4 8680^4 8685
for
for
Commercial on banks, 4 8330'S)4 8340 and
partial recovery in exchange at New
gold bars.
Cotton for paydocuments
for payment, 4 82|'a)4 84.
York and a fall of half a centime in checks at Paris on
cotton
for acceptance, 4 8330®
London on Thursday afternoon seemed, however, to ment, 4 82|'2)4 83
make it possible that if an allowance were made by 4 8340, and grain for payment, 4 83§®4 84.
French consignees on exports of gold coin, shipments
The following gives the week's movements of money
might be effected next week.
There appeared to
and from the interior by the New York banks.
to
be evidence in the above-noted recession in rates
for checks at Paris on London and also in a decline of
iZeeetred by
Shipped bv
Net Interior
Week ending Nov. 4, 1904.
N. T. Banks. y. 1'. Banki.
Movement.
half a pfenning in exchange at Berlin on the British
Oaln.
$4,099,000
$1,571,000
$5,670,000
Currency
capital that further supplies of gold were needed at those
943,000
Gain.
378,000
1,321.000
Gold
centres, and it was thought probable that if French and
Gam.
$6,991,000
$5,042,000
$1,946,000
Total goid and legal tenders.
German bankers were willing to offer sufficient induceWith the Sub-Treasury operations and gold exports
ment, gold coin could be profitably shipped. It was rethe result is as follows.
ported on Thursday that the Bank of France had notified
correspondents of American shippers that it would pay
Net Change in
Into
Oat of
Wuk ending Nov. 4, 1904.
Banks.
Bank Boldings.
Banks.
interest upon consignments of coin while in transit and
$5,042,000
Gain. $1,049,000
Banks Interior movement as above $6,991,000
that the exporters might sell cables on London, on the day Sub'Treas. oper. and gold exports.. 21,600,000
30,900.000
Loss. 9,300,000
prior to the export, for the amount of sterling on London
$28,681,000
35,942,000
LosF. $7,351,000
legal
...
Total gold and
tenders
which the gold would buy at rates for such sterling curThe following table indicates the amount of bullion in
rent in Paris on the day that the cables were sold. This
the principal European banks.
statement, however, could not be confirmed, and bankers
f
November 5. 1903.
November 4, 1904.
expressed the opinion that no agreement of this character
Bank of
would be likely to be made by the Bank, at least until
Total.
Silver.
Oold.
Silver.
Total.
Goid.
the exchange situation became more favorable for gold
£
£
£
£
cables.
;
Rngland....
may
be noted that the price of gold bars in France
London was on Friday reduced one farthing per ounce, Germany
exports.
It
or from 78 shillings to 778. ll^d. This
is
equivalent to J of a
cent per pound sterling, thug raising the gold-export point
by that fraction. Gold shipments this week were $5,319,.
391 in bars and $200,000 in French coin to Paris and
2,000,000 to Cuba. The total amount of gold exported
34,462,710
34,462,710
32,553,376
32,553,376
lOS.H.W.OSO
43,880,906 147,7.39,886
96,107,172
32.034,000
44,163,3.30 140,270,502
.33.374,000
11,726,000
11,255,000
43,289,000
Uassia,
98,810,000
78,008,000
0,793,000
Aust.-HoD.
Spain
4S,0,'51,000
6,992,000 103,.S02,000
12,012,000 flo.oai.onn
20,096,000 81,932.000
40.2(15,000
12,112,000
84,801,000
58,377.000
4,5.32.000
19,104,000
33,6.30,000
Italy
22.()9C>.000
3,022,400
25,118,400
20,485,000
2,403,300
22,HS8,.300
5.r)2(),aon
0,0.V2,7()0
II, 1573,500
4,071,000
6,3a3,400
10,404,400
3,70S,607
l,(W>4,3;t3
4,813,000
3,172,000
1,580,000
4,768,000
..
14,830,000
Nethprl'ds.
Nftt. Bolg.
.
4.5,100,000
1
:>fi4,3l8,157 10J,3Sfl,,T!» 409,704,406 127,227,548 I03,7ri0,030 430,977,578
Tot. week...
Tot. prev
365.394,707 105,900,8.54 471,356,651 389.700.211 104.614,116 434,314,327
.
—
—
THE CHRONICLE.
2056
A
War
The Eastern
esting
crisis,
fired, striking
TEE EASTERN WAR.
CRISIS IN
luus rcaclicd tliis
whose outcome
will
aflfected
inter- the j)resent Avoek, to be confirmed by reports that two of
by events the Russian torpedo-boats were missing or damaged; on
and Oyama, both apparently
an unbroken deadlock. But this
rest in
inures very clearly to the benefit of the Japanese,
now
are
closing in
must
who such
thing as the passage of two torpedo-boats through
(
for
Simultaneously, the extraordi-
fall.
doubt has been cast on the suggestion,
by the Russian denials, and second, by the positive
assertion of the fishermen at the Hull inquest that no
the other hand,
first,
what appears to the fishing fleet occured.
The popular Russian theory that two Japanese torpedothe assault under which
upon Port Arthur
be recognized by both sides as
that fortress
at the
This theory has seemed, during
week a highly
be
developing in several distinct directions. Before Mukden,
still
when they had aimed
the trawlers
intruding torpedo-boats.
the .armies of Kuropatkin
reinforced,
(Vol. LKxix,
boats were actually afloat in the
nary performances in European waters of Russia's Baltic English coast
fleet
have introduced a new and highly sensational
ment
of international feeling into
war
neighborhood of the
an absurdity, the adoption of which does
is
ele-
small credit to the Russian
and
It is rejected as impossible
Navy
or the Russian people.
by the official statements of
this happens, curiously enough, when both belligerents the British and Japanese governments, but the stubborn
are again appealing to the European money markets, and reiteration of it by the Russians and the official honors
when
or
the
situation,
Russia's negotiations in particular have
to a
contributed
disturbance at continental
conferred by Russia since the ITorth Sea episode on the
money Admiral whose
report
surprise.
familiar, through the excit-
from among the
the
theory
officers of the fleet, the
ing news dispatches and the vigorous discussions of the
have continued on
daily press, with all the details of the extraordinaiy inci-
That they
dent which occurred a fortnight ago to-day in the i^orth Sea.
that they
The
sustains
create
an
community wholly by extremely interesting situation as the Court of Inquiry is
called.
Meantime, with the proper witnesses detained
centres which took the banking
The world has been made
caused
their
Russian vessels
Quixotic errand to the East.
Yellow Sea, or
reach them, few people
will reach the waters of the
were seriously meant
to
1
every onenow knows them, are that Russia's believe.
facts, as
fleet, consisting, it is supposed, of 7 battle ships, 2
In would be premature to predict at this moment
armored cruisers and 6 protected cruisers, sailed week exactly what will follow as a sequel to the capitulation
before last from its home port on a professed expedition of Port Arthur.
Continental opinion still refuses to
Early Saturday morning, October recognize that such an event would radically alter the
to the Asiatic coasts.
Baltic
passed a
22, the ships
boats, and, for
of English steam
fleet
fired on the harmless trawlers, with the result
ship
was sunk, two men
The indignation
demand
reparation, apology
for
and
which was at once submitted
and the gradual concession
discipline of the culprits
by the British Foreign
these
that one
and a number wounded.
killed
instantly expressed throughout the civil-
ized world, the firm
of
fishing
reasons not then satisfactorily explained,
Oflice,
demands by
Russian Government,
the
are
The duty
of passing on the facts
Rightly or wrongly, the conviction
on many minds, particularly in
outcome of the war may be a question
This view of the matter makes
of financial endurance.
the present negotiations on the part ot both Japan and
Russia to place new loans in Europe particularly interesting. Russia's negotiations have been complicated by the
remarkably perplexing action of the Continental money
itself
Europe, that the
markets since the opening of October.
called that, contrary to
familiar to all readers of the daily press.
incident has been placed, with
attitude of Russia.
has impressed
in this extraordinary
the consent of both gov-
the
It will be re-
and expectation,
German Bank on October 12 suddenly
Imperial
raised
prediction
all
discount rate from 4 to 5 per cent and
its official
movement was promptly followed by a swift
a wise provision, because it gave opportunity for the ex- advance in the Paris money rate, by withdrawals of gold
cited feelings of the moment to calm down.
The Rus- from London for Germany something like $6,000,000
sian contentions in the interim have taken several dis- has been taken in the fortnight past from New York
The world was successively informed that and by inquiry for gold on this market so urgent as to
tinct shapes.
vessels
did not display the proper signals; suggest that one or more Continental markets was in
the fishing
ernments, in the hands of an international commission
that
this
—
that two torpedo-boats, supposed to be Japanese,
emerged haste to increase its cash reserves.
There have been several explanations of this curious
European incident, but all of them recognize Russia's
that the fishermen themselves displayed signs of enmity. operations on the Berlin money market as a factor in the
Some of these theories have proceeded from random and disturbance. It seems that very large advances, on short
untrustworthy sources; but the theory of the two hostile or long time, have been made by Berlin to the Russian
from the cover of the trawlers, and approached the warships menacingly, making their fire a necessary act, and
torpedo-boats
fleet
suddenly
approaching from
has been repeated in
the
the
fishing
formal report to his Gov-
What
Government
purposes of war.
for
reports that the
new Russian
loan
On
top
of this
would be
came
floated
in
Not a few foreign critics, including financial
was correspondents at Berlin, took the view that the Bank of
fairly voiced last week by the following remarks of Mr. Germany's action on its rate was in reality designed in
Balfour, in a public speech
In the story of our fisher- view of a pending German Government borrowing, to
men there was much tragedy, but no romance; in the prevent the ready granting of the loan to Russia. Last
story of the Russian Admiral there is no tragedy, but I week other reports arrived by cable that the new Sussian
am driven to the belief that tliere is much romance. It loan to the value of $160,000,000 would be placed, like
ernment by the Russian Admiral.
with
it
England, and Berlin.
the world at large, thinks of this explanation
'-'
:
is
impossible to doubt which
At
the
moment
the
of the extraordinary affair
was approached by two
of
is
most
is
its
the one before
the correct story."
plausible
that the
own
explanation
main Russian
fleet
torpedo-boats, on which,
in alarm at the unexpected arrival, the Russian war-ships
it,
at Paris.
This incident, while
it
proves
nothing as to the actual state of Russian credit and
power
for future
of readiness on the European
such
its
borrowing, certainly does show a lack
facilities indefinitely.
money markets
to
extend
Nov.
THE CHRONICLE.
5, 1904.]
2057
Japan, according to the best London advices, is also
planning for an additional loan of $75,000,000. It will
the surplus was $1,263,3895 for 1902-3
be recalled that when the $50,000,000 loan of last spring
was placed, it was made a first charge on the Japanese
conditions prevalent
it
was $4,491,-
537, and for 1903-4, in face of the unfavorable operating
in
that
Altogether,
$3,980,108.
the
year,
surplus
a profit has resulted for
was
the
Customs revenue. A recent review of Japanese finances three years of over 9| million dollars, though it is proper
in the London '• Times " criticises Japan and its banking to state that no portion of this profit has been taken into
agents for not having borrowed $125,000,000 on the Cus- the income accounts of either the Great Northern Railtoms revenue, instead of $50,000,000^ the basis for this way or the Northern Pacific Railway. It should be
annual Customs revenue stated, too, that this was the result after the usual large
criticism being that the average
preceding years was $7,500,000, as against
something less than $3,000,000 required for annual interAs matters stand, no future loan can be
est on the loan.
contributions to
a charge upon the Customs, unless with a lien distinctly
subordinate to that of the 6 per cent issue of last spring.
sented accretions of the funds.
for the
five
The "Times" expert has
sible taxes
He
charge.
also
reviewed the other pos-
on which the pending loan could be made a
finds that the liquor tax,
fiscal year 1904 was 66,500,000 yen,
poses,
and
is
likely to
is
funds, the
contribution in
In these figures we are dealing simply with the finiil
results which demonstrate very clearly how advantageous the purchase
has been, considered from the stand-
&
whose yield in the point of the Burlington
An
be utilized.
the sinking
1903-4 alone having been $1,408,674, of which $721,716 was paid directly from earnings and $686,957 repre-
Quincy's
own income showing.
free for such pur-
But obviously such a satisfactory outcome might hare
annual income,
followed either as a consequence of expansion in gross
than this $30,000,000, would clearly be receipts or of the paring down of expenses, perhaps to
In the detriment of the property. It is needless to tell our
for a $75,000,000 loan.
guaranty
sufiicient as a
addition, the tobacco monopoly, which has produced from readers that in this instance the explanation is found in
$5,000,000 to $6,300,000 in the past three years, remains the expansion of traffic and income. They may not,
even much
open
is
for
less
such average, while the railway system of Japan however, be familiar with the magnitude of this expan-
prettv nearly open as a pledge for
It is obvious that
on loans.
sources,
Japan
is
still
payment of
interest
with such as yet unused
abundantly able to
re-
frankness with which Count
Okuma
set
erty
and the creation thereby of a
command comprising
assistance from the money markets of the world. Indeed,
the
It is in that fact that the acquisition
sion.
forth last
and
the
Northern Pacific, the Great Northern
the
Burlington
In
justification.
of the prop-
sort of triple alliance
the
&
late
Quincy,
finds
its
strongest
twelve months there was a
month the very large fiscal requirements of the coming further increase in gross earnings in the sum of $2,589,year was pretty good testimony to the fact that the 813, though as this was attended by an augmentation in
Japanese, in their thorough and patient way, have can- expenses of $4,036,470, net earnings decreased $1,446,657.
vassed the situation and prepared for it in time. In But in the previous year there had been $8,843,133 gain
short, collapse of Japanese credit is an event which in gross and $3,983,536 gain in net, and the year before
would seem to be very remote from the present situation. a gain of $3,743,256 in gross and of $2,129,289 in net.
Joining these three years together, we get an idea of the
improvement that has been established during the period
vesting public. That support has as yet been unshaken in which the new ownership has been in effect.
In these
by the vicissitudes of the war.
three years, gross earnings have risen from $50,051,989
to $65,228,192, being an addition of over $15,000,000j
and net earnings have risen from $15,983,081 to $20,THE BURLINGTON & QUINGY REPORT, 649,250. In both cases there has been an improvement
As
to the
Russian
credit, that, as before, rests largely
on
and optimism of the French
in-
the continued confidence
We printed the report of the Chicago Burlington &
Quincy Eailroad for the year ending June 30 in our railroad news department last week. The results therein disclosed are deserving of comment as showing the continued
growth and development of the property under its joint
ownership by the Northern Pacific and the Great NorthThe large profit acciuing on the operaern companies.
tion of the road indicates
amply
justified,
that the purchase has been
regarding the matter purely as a business
and leaving other considerations out of the
be remembered that 200 was paid for
the stock of the Burlington & Quincy in joint collateral
bonds of the two purchasing companies. At the time
proposition,
question.
It will
the Burlington
&
Quincy was yielding only 6 per cent
exceeding 30 per cent.
Doubtless there would have been improvement anyway
even without the linking together of the three properties.
Other large railroad systems have also succeeded in
Study of the
greatly expanding their earnings.
statistics
however makes it evident that the alliance of the three
properties must have been a very important factor in the
growth
in
revenues disclosed.
It
may
be recalled that
when the purchase of the Burlington «& Quincy was made,
Mr. James
J. Hill
gave as one reason
for the acquisition
the desire to create a greater interchange of traffic between
the Great Northern and the Northern Pacific, and the
Burlington
find a
&
market
In particular ho sought to
Coast lumber in the territory of
data are contained in either the Great
Quincy.
for Pacific
and therefore the issue of bonds on a basis the Quincy. No
Northern report or the Burlington & Quincy report
possibility of an annual deficit to make up.
which would enable one to judge whether the interchange
But nothing of the kind has occurred. A profit was of traffic has been promoted in the way desired. There
earned the very first year of the new ownership, notwith- is, however, a table in the Northern Pacific report giving
standing this was the year of the shortage of the corn the classes of commodities on that system, which reveals
on
its stock,
that necessitated dividends of 8 per cent suggested the
meant perhaps more to the Burling- some significant changes bearing up.^u t}ie matter. Wo
any other road, it being the largest refer more especially to the tonnage in lumber and
the United States; the last two years forest products.
In 1901-2 the shipments under these
crop, wliich shortage
ton
&
Quincy than
corn-carrier in
to
the surplus remaining after
joint bonds has
allowing for interest on the
been very large.
In
brief, for
1901-02
heads over the Northern Pacific system aggregated
094,694 tons.
In 1902-3 there was an increase
3,-
to 5,090,-
THE CHRONICLE.
20.18
387
tons and in llKKJ-i
A\('
tons.
liave
lionce
a further increase to 5,285,077
an addition in the two years in
amount of almost 1,000,000 tons,
about evenly divided between the eastthe west-bound movement.
It thus seems
this class of toiinajre in
the increase
bein^jf
bound and
safe to conclude that
«nd
that he has
^ider market
But
the
clusion.
Mr. Hill was correct in
been successful
his
evidently
warrant a
still
&
Quincy, but
it
has
of manufacturers
is
these respects exceed-
in
ingly strong.
much
very
wider con-
Kot alone has the arrangement been of
to the Burlington
position
dustry as use
for the timber of the Pacific ISforthwest.
facts
very long time since the production of cloth was so deeply
under contract or stocks so light as they now are, and the
It must be noted, however, that this summary
sketch
view of the situation applies only to such sections of the
in-
his desire to find a
in
[Vol. tixii.
benefit
American
cotton, constituting, nevertheless,
the largest proportion of
it.
Spinners of fine
counts from Egyptian or other long-stapled raw material
have shared but slightly, and in some cases hardly at all,
obviously been
in the revival.
In one way, it is true, they have been
Northern Pacific and the Great benefited. The enormous sales
of cloths effected within
Iforthern.
The whole three systems have recorded mar- the last few weeks have
included a fair share of light
velous gains the last few years, «nd it hardly seems and
fancy goods woven from the finer counts, and the
likely that the improvement would have reached such
purchases of yam made to cover orders for these latter
of equal benefit
to the
exceptional proportions except for the alliance between
them.
Indeed, examination of the liTorthern Pacific
by manufacturers who do not spin the finer descriptions,
or do not spin at all, have appreciably relieved
some
figures (the l!^orthern Pacific being the only one of the
portions of the fine-yam trade.
companies furnishing a classified statement of tonnage)
The full extent and the significance of the revival apleaves no room for doubt on that point.
For it appears pears to have been grasped by producers within the
last
that while the increase in the aggregate of all freight
two or three weeks. Each one knew, of course, of the
carried during the two years has been 2,203,376 tons,
improvement in his own position, but the breadth and
almost 1,600,000 tons of it was due to the gi'owth in
magnitude of the change and the continuance of libthe movement of lumber and forest products.
eral inquiry for further supplies of goods being now
realVery decided progress has been made in yet another ized have brought
new life and confidence into the minds
direction during the two years. We allude to the greater
of manufacturers, whose long experience of bad trade
operating economy effected in the working of the road. extending
over the greater part of three years, had made
The large augmentation in expenses in the late year fol- many of them slow
to believe in a lasting return of proslowed from general conditions which appertained to the perity until
evidence of it had become clear and satisfyroads nearly everywhere throughout the United States— ing.
Now, however, they are rapidly gaining faith in
the increases in wages, the higher price of fuel, materials
the future of their business.
In nearly all the weaving
and supplies, and the severity of the weather. Compar- districts of Lancashire
and Cheshire idle looms have dising, however, engine mileage, car mileage and
train appeared, short-time is a thing of the past, and in North
mileage with the volume of traffic, one finds very con- East
Lancashire
particularly preparations are being made
vincing and very conclusive proof of real economy in for
building new weaving establishments or for the enoperation.
In reviewing the report for the previous largement of existing
ones.
But this movement is proyear, we pointed
out that with a very substan- ceeding cautiously and
as yet there is no sign of exaggertial
little
increase
in
addition
traffic
to
train
there
had
mileage.
been
This
relatively
was
a
continuation of the
movement noted in 1901-2 when
with a very striking increase in the tonnage movement
•one mile, there had been an actual decrease of
over 4
per cent in the miles run by freight trains.
In 1903-4
«till farther development of the same kind
occurred. Tons
of revenue freight moved one mile gained
over 5
ation or of blind impulse in
it.
In the spinning department no indications' of extensive
increase of machinery is yet visible, at least in that portion of
devoted to the consumption of American cotton,
it
only two or three
new
mills having been projected within
the last few months.
able to retain a
The
fact
that spinners have been
much
smaller proportion of the improved
margin between the prices of cotton and cloth than have
per cent, but the mileage of freight and mixed
trains
increased but little over 1 per cent.
The company
extension.
hauled more cars in each train and more tons of freight
in each car, with the result that there was again
an ad-
the weaving branches, and there
dition to the train-load, despite the adverse
conditions—
average load rising from 265 to 277 tons.
Alto-
the
manufacturers
main cause
But another cause is
is
the
ditions to the spinning capacity
a disproportionate, or
yam
at
Manchester.
in
of this
restraint
upon
that previously the ad-
had outstripped those in
had been evidence of
any rate an ample, supply of
This difference
is
gether, therefore, the record for the period
during
likely to disap-
which pear before very long, partly because there will be a
the Burlington & Quincy has been under new
domina- more abundant demand for yam now that short-time and
tion, is a highly favorable and an altogether
satisfactory idle machinery in the weaving section are abolished, and
one.
partly because
TEH REVIVAL IN THE BRITISH COTTON
INDUSTRY*
Manchester
October 19 1904.
have been kept well
shortly to
other
of the
set
yam
chases
of
lately
been
is
too
There
of possibly
like
for
much
requirements of the
motion.
in
consideration
Eeaders of the Chronicle
past.
It
informed of the steady improvement which has
marked feature as
the course of the cotton goods business in
Manchester
during the last two or three months. Beginning
in the
(^fejnese department, it has gradually
extended to others,
be
export
larger
soon
yet
in
than
to
is,
new looms
morever
tenor.
The
Manchester
for
a
count upon
anpur-
have
long
time
this
fresh
likely to be of long continuance, since
it
may
be but a temporary revival
brought about by approximate exhaustion of stocks abroad; but if it should prove
at all lasting it will obviously tend to encourage the
and now almost every branch of the trade except that
of erection of more spinning mills for the consumption of
the home houses has com e under its influence.
It is a American cotton.
In the finer branch of the industry
•
Communloated by our Special Correspondent
at Manchester.
many new
mills are either approaching completion" or in
1
KOT.
THE CHRONICLE.
5, 1904,]
2059
Train-loads have increased rapidly in the last few
Egyptian or other long-stapled
department
is
estiyears,
and not the least important reason for this increase
this
in
cotton.
the
whole
the development of the high-capacity car.
Ten
spindles,
of
has
been
mated at 1,700,000 or 1,800,000
which will probably be at work before next mid- years ago the largest cars in general service were of
summer. There is certainly no prospect of an adequate 60,000 lbs. capacity, and the average capacity was less
These
progress.
will spin
In all the addition
A
train of 60 cars of the maximum
fall and profit- than 40,000 lbs.
would weigh, loaded, about 2,700
time
machinery
that
which capacity at
able employment all the fine-spinning
train of 60 modem 100,000-lb. steel cars fully
will be in existence when the new undertakings are com- tons.
section
about 4,560 tons, and the amount of
fine-spinning
is
weighs
rethe
loaded
in
outlook
the
pleted, and
in
in
each would be 1,980 tons and 3,350
engaged
it.
freight
many
In
revenue
garded with real concern by
supply of sufficient long staple to keep in
A
any case English users of Egyptian cotton are likely
formidable
prove
them
new
in the absence of
to
crop,
they do the inevitable scarcity which
realizing as
before
competitiye buyers of the
lies
The wages of
tons, respectively.
and many
same for both
train crews
other items of operating expenses are the
More powerful motive power
trains.
is
course
of
any likelihood of an ade- necessary, and its operation and
may be this season's the maintenance of the heavier cars, have been attended
with many difficulties. The motive power, however, has
maintenance, as well as
quate supply, however abundant
Egyptian crop.
There is one department of the Manchester cotton only barely kept abreast of the demand for ever increaspiece-goods market which has taken but a very small ing train-loads, and has in no sense supplied the initiative
share in the recent heavy buying the home trade. Until for the radical changes in operating conditions and
about a fortnight ago the wholesale houses in this section, methods that have come about.
The first steel cars of 80,000 lbs. and 100,000 lbs.
though well aware of the progressively increasing busi-
—
ness which was going on for most of the larger foreign
and colonial markets, looked on with persistent unconcern
whilst they saw the production in one direction after
another placed under contract often for several months
ahead.
capacity were built in 1898 and put into use on the Pitts-
&
Lake Erie and the Bessemer & Lake Erie.
This marked the real beginning of the evolution. With
characteristic American enthusiasm it has been carried
burgh
Since then they have been stirred up to buy a to an extreme in
many
cases without regard to the fun-
damental considerations of comparative economy and the
quirements are even now very poorly provided for. Their actual need for cars of more than moderate capacity. In
stolid indifference is to be attributed partly to the rather general, the earning power of the high-capacity box car
little
more
liberally,
but regarded as a whole their re-
discouraging condition of the
home
retail dry
goods trade has been greatly over-estimated.
and partly to the belief, or rather the hope, that a large
American crop of cotton must lead to a fall not only in the
price of the raw material, but also in the prices of manufactured goods. Having regard, however, to the extent to which
On
only a few roads,
and those with a dense traffic of a single class, can it be
shown by a careful comparison of first cost and average
operating expenses per car mile that
the increased earn-
ing power of a car of 100,000 lbs. capacity over one of
seems 80,000 lbs. capacity is more economical in the end than
highly improbable that such expectations have any sub- the smaller one.
The average load carried in box cars
stantial prospect of being fulfilled.
The significance of seldom exceeds 30,000 lbs. to 40,000 lbs. Cars of this
the out-turn of cloth
is
now under engagement,
these considerations lies in the fact that the
takes off not
much
less
it
home
trade
class are rarely loaded to their full capacity, because the
than one-fourth of the whole pro- nature of the lading usually carried in them
duction of the looms in this country, and that since
requirements must before long
be
constitute a kind of reserve force of
provided
for,
demand which
its
the cubic contents of the car body will not
is
such that
accommodate
they more than a fraction of the marked- weight capacity.
will
go far towards ensuring a continuance of business even
the foreign and colonial buying should be greatly
the traffic conditions on any road are such that
can be kept running
of the time,
all
its
If
cars
carrying grain,
dressed lumber, brick, cement, paper and such like heavy
and compact commodities, then the box car of 100,000
lbs. capacity would presumably show an increase in earnchester is an exceedingly strong one with the important ing power; but on a road on which the freight carried is
exception of the fine-yarn trade, and it would require a mostly general merchandise and the average boxcar
good deal more cutting-down of the demand and a com- load is between 10,000 lbs. and 20,000 lbs., the car of
plete change in the attitude of foreign and colonial 80,000 lbs., or even 60,000 lbs., capacity, is by far, more
if
reduced within the next few months. But of this there
Indeed the position in Manis no present indication.
buyers in order to bring about anything like depression,
or even of dulness sufficient to be discouraging to pro-
economical than a larger one.
ducers of goods.
economical beyond question, and cars of even
THE DEVELOPMENT OF THE HIQHGAPACITY CAB.
For mineral
traffic,
capacity than those
however, the high-capacity car
now employed might be used
is
higher
to ad-
which
would be encountered with draft gear and running gear
American railroad freight rates are lower on the in attempting to nxn such cars in long trains. Concenaverage than the rates in any other country in the world. trated loads, such as ore, coal, pig-iron and stone, can be
Two
causes
may
be assigned for this fact;
first, the
longer and the proportion of expensive
terminal charges to the total cost of transportation is
average haul
is
vantage except
for
the
mechanical
difficulties
carried in cars which do not encroach on the clearance
limits of height
and width
along the right of
way and
which have a cubic contents corresponding to the weight
and second, the average train-load is larger than capacity and the load, without being excessively long. In
in any other country, and while the fixed charges
per such cars the ratio of dead-weight to paying load can bo
train mile for fuel, wages, superintendence, etc., may
be reduced below 35 per cent, as against 40 to 45 per cent
high, the cost per ton mile is low.
Because of the long for cars of 00,000 pounds capacity.
haul this second factor becomes the more important of
The introduction of the steel car of 100,000 lbs. capacity
small
;
the two.
developed a
new
type of ''hopper" car for ore and coal
THE CHRONICLE.
2060
[Vol. Lxxix.
is self-discbarging, and those roads
On the Continent a number of roads in France,
running betwoon the Great Lakes and Pittsburgh and Germany and Spain are using a few cars of 30 tons and
between the Allegheny coal fields and tide-water now 40 tons capacity, in an experimental way largely, but
have large numbers of these in service. Their use, however, repeated additions to their rolling stock of this class,
transportation wliicli
•requires specuil
dumping trestles and pockets and they
not economical to operate without tliese facilities at
minals.
traffic is
are
even though in small numbers, would seem
ter-
growing tendency
The Bessemer & Lake Erie, on which the least a
chit% coal and coke north and iron ore south, deniand
to indicate
a
adopt these cars eventually for at
mineral
the
part of
in
to
European
The imperative
traffic.
countries
for
quick
delivery
of
has more than 3,500 of this type of cars in service, and
package freight at destinations and the stubborn resistLake Erie and in and ance of shippers to any increase in the amount of car-load
extensive loading and unloading piers consignments make the use of cars of more than 15 or 20
at the terminals of the road on
around Pittsliurgh
kave been built to facilitate these operations. tons capacity almost out of the question for other use
As a consequence of these time and labor-saving innova- than mineral traffic.
tions and the economy of operation of the long and
Some of the most recent adaptations of high-capacity
and
trestles
heavy
the
ti:ains^
cost
jof
liauled at
slow
transportation
is
have been in South Africa and Australia. The
speeds
over the road,
steel cars
lower
than on prob-
operating conditions in both of these countries are very
the world having
in the United States as regards
and density and nature of traffic. In
The very evident advantages to be had from the use South Africa the industrial and mining development
of high-capacity cars in mineral traffic have been recog- which has taken place since the Boer War has resulted in
The
nized abroad quite as much as in this country, although a heavy increase in the business of the railroads.
perhaps the desirability of increasing train-loads has not Central South African, which runs from the seaports of
been se readily admitted. The Caledonian Eailway in Natal into the Band district and supplies most of the
Scotland was one of the first roads in Great Britain to mines with fuel, machinery and supplies, shortly after
experiment with cars of more than 20 tons capacity. Its the war placed orders in England and the United States
first orde^ im 1901, for 50 steel gondolas of 30 tons ca- for 1,250 steel gondolas and hopper cars of 30 tons
pacity, was idivided between an American car building capacity, for handling the heavy mineral traffic anticicompany aad an English company, which was then the pated with the reopening of the mines. Many of the
The results ob- largest shippers rebuilt thefr loading and unloading
only builder of steel cars in England.
tained were «• uniformly satisfactory that 300 more were platforms to suit the requirements of these hopper
ordered fr»Bi home builders, and the company has at cars, and the results of the first few months' working
present mora than 600 in service.
In addition to these, were so satisfactory that the first order of cars was fol-
ably any tther railroad in
a similar
like
conditions
the
length of haul
haul.
the Caledoaian has also built a
number
of steel hopper
lowed by another
for
250 hopper cars of 40 tons capacity.
company is now about to place further
The company built these orders for a number of 50-ton steel hoppers in the hope
type to be used in Scotland.
This road is
cars to break up a monopoly enjoyed by a competing road of attaining further economy of operation.
in the coal and coke traffic between the blast furnaces in 3 feet 6 inches gauge, and these cars will be the first
the West Cumberland district and the South Durham equipment of such high capacity to be used on a narrow,
coal fields, from which those furnaces draw fuel supplies, gauge line.
by reduciag the cost of transportation and of handling
High-capacity cars impose new conditions to be met
cars of 4t t«HS capacity, which were the
cars of this
first
It is said that the
in operation and maintenance, some of which have not
For the present, at least, the use of these high-capacity yet been satisfactorily overcome. For many reasons the
cars in England cannot make much headway in the face economical limit seems to have been reached with cars
of English conservatism and the enormous expense that of 100,000 pounds capacity, and it is doubtful if this
would be incurred in changing the loading and unloading limit is exceeded even by the most enthusiastic designers
the load at terminals.
some radical changes have been made in the deduced on »ne
a small way. Mr. sign and construction of many of the detail parts of the
Mcintosh, the locomotive superintendent of the Cale- cars. The existing clearance limits on American raildonian, who is perhaps more progressive than some of roads cannot be changed without enormous, and probably
devices at terminals
but they are gradually being intro-
;
until
road after another in
his neiglibtrs, considers the high-capacity car " in every
the
respect
best for
all
The
classes of traffic."
advantages are the low ratio of tare weight
load;
the reduction in the
number and
cost
to
unwarranted, expense: until
chief greater capacity than 50 tons
paying heavy
of car
in
proportion
to
this
is
done, box cars
must be made
capacity
and principal advantage of the larger
as
so
of
long and
destroy the
to
car.
engine mtvements made in sorting and placing cars at
terminalsj^
which
is
such a large proportion of the cost of
operation om the short-haul English roads,
the
THU BUFFALO
smaller
tO
SUSQUFHANNA
EAILROAD.
amount of track space required by the large cars in yards
and freight houses in proportion to the load, and the
The Buffalo & Susquehanna Eailroad is at present
reduced cost of maintenance and repairs to the heavy only a small local road in Pennsylvania, with aggregate
rolling stock.
In this country the leading benefit is gross earnings of no more than a million dollars a yeargenerally
thought
to
by but its affairs attract attention by reason of the comMr. prehensive plans now being carried through for the
be in lessening extension of the line and the opening up of new sources
be the economy attainable
increasing train-loads and saving on a long haul.
Mcintosh considers the
cost
principal gain to
of operation of terminals.
Both suppositions are of
traffic.
reason of these plans the road
an early day
and the relative importance of the saving from
one cause or the other depends on the character of the
at
loonditions in difi'erent localities.
to Buffalo.
correct,
By
to
is
destined
become an important bituminous coal
Pennsylvania
carrier from the Clearfield coal district in
It
may
be recalled, too,
that
some foreign
^
KOV.
5,
in
interest
THE CHRONICLE.
1904.]
property has been enlisted, the fiscal
the
falo
&
2061
Susquejianna
Coal
&
Coke Company has been
& Eohinson, having in operation since 1901, and is estimated to control 100,February througli the instrumentality of the French 000,000 tons of coal. It is purely a coal-mining corporaFinance Corporation eflfectecl a sale of a block of the tion. The Powhatan Coal & Coke Company was incoragents of the company, Messrs. Fisk
last
porated in 1903 and
4 per cent bonds in Pans.
&
Susquehanna Railroad
Company and a Buffalo & Susquehanna Kail way Company. The first is the old road, which has done a prosperous local business for a good many years past, and
the Railway Company is the concern under whose name
the extension to Buffalo is being built and which owns
There
is
both
a
common
Biiffalo
is
estimated to
26,000,000 tons of bituminous
own lands
containing
Its operations in-
coal.
clude the manufacture of coke as well as the mining of
coal.
Altogether, therefore, the Buffalo
&
Susquehanna
Eailroad, through these subsidiary corporations, controls
126,000,000 tons of soft coal available for mining and
shipment either as coal or as coke over the Buffalo &
Susquehanna Eailway to Buffalo and the Eastern markets.
Ultimately, an output of 3,000,000 tons of coal a year
Railroad Company. Upon completion of the Buffalo
extension the Eailway Company will lease the lines of from the various workings is looked for, and as soon as
which it is expected will
the Eailroad Company, guaranteeing interest and prin- the line to Buffalo is opened
shipments at the rate of a million
cipal of the latter's debt and the payment of the 4 per be about July 1 1905
In short, the tons a year it is calculated will begin, of which about
cent dividends upon its preferred stock.
Eailway Company will be the old local road transformed 500,000 tons would go to Buffalo. It should be stated
into a through system.
that as part of the same general scheme for ensuring the
The Buffalo & Susquenanna Eailroad comprises only carrying of the coal over the lines of the system, there is
about 172 miles of road, with Addison and Wellsville in a contract running for 50 years with the Buffalo & SusSouthern 'New York as the northern termini and Sin- quehanna Iron Company which provides that the entire
nemahoning, in Pennsylvania, as the southern terminus. output of coal and coke from the plants of the Powhatan
From Wellsville an extension, as already stated, is be- Coal & Coke Company now in operation shall be bought
ing built north to Buffalo, 85 miles in length, by the by the Iron Company and shipped over the Buffalo &
Buffalo & Susquehanna Eailway Company, and from Susquehanna Eailway lines.
Sinnemahoning extensions south of 56 miles to the coal
The furnaces of the Iron Company alone are expected
fields at Tyler, DuBois and Sykesville, Pa., are being to consume 250,000 tons of coal and coke per annum,
provided, the work being done in the name of the Sus- which will pass over nearly the entire line.
The Iron
quehanna & Southern Eailroad Company. This ex- Company is not controlled by the Eailroad or Eailthe
all
stock (except directors' shares) of the
—
—
tension
the
to
completed,
coal
shipments
fields
now
is
practically
having
way Company, but
is
owned by closely affiliated interwork, we understand, harmoniouly
and the two will
There are manifestly reciprocal advantages in
the first of January 1905 it is expected that everything such a course, aside from the identity of ownership. The
will be in readiness for handling coal from Sykesville. Iron Company represents an outlay of $4,000,000 in
At the latter date the Susquehanna & Southern will be cash. Adding to this the cost of the railroad and coal
merged in the Buffalo & Susquehanna Eailroad. It will pi'operties, the total investment in these allied undertakbe seen that with both the southern extension to the coal ings will aggregate over $20,000,000 from which an idea
fields and the northern extension to Buffalo in operation can be gained of their magnitude. The Iron Company has
begun
from
as
far
of
coal
south
as
already
DuBois,
and
ests,
by together.
—
the
system will comprise 313 miles.
project for a further
from Sykesville
is
also a
been engaged during the
last
two year? in erecting a
blast furnace plant of large capacity for
the
production
South Bend, 50 miles, which would of foundry pig iron. It is, as was pointed out by the
mileage to 363 miles.
"Iron Age" some time ago, one of the few independent
to
increase the total
Of
There
extension through the coal fields
com'se, without assm-ance
companies that control their own ore supplies. The plant
ways would consists of two blast furnaces, one of which is in full
line might operation and the other about ready to start. The output
of the necessary traffic
the enlargement of the road in these various
A
be a decidedly venturesome undertaking.
be built to the coal
fields
no
only to find after
got there
it
of the works will be from 600 to 700 tons of foundry pig
annum.
empted the lands. It is precisely this point that has
The plans of the Iron Company have been very carebeen guarded against by the promoters of the enterprise. fully made, with the view to producing iron at a very low
Extensive areas of coal lands have been acquired, ensur- cost. The "Iron Age" says that Buffalo was selected as
that
it
could obtain
traffic,
other roads
having
pre-
iron per day, or say 225,000 tons per
ing in advance large shipments of coal.
Moreover, at
the northern end
we mean Buffalo the Buffalo & Susquehanna Iron Company, an allied enterprise, has put up
the location of the plant
an iron furnace plant which
and because, when made, the pig iron is in the midst of
a large market Avhich is at present incompletely supplied
by local furnaces. For the transportation of the ore from
—
—
is
said to be the finest of
its
kind in the world, fui-nishing a large and steady consumer of coal from the new fields.
The
coal areas are
porations.
One
owned through two subsidiary
of these
is
the Buffalo
&
cor-
Susquelianna
portlts in the
of the
because
United States
for the
raw materials required
it
is
one of the best
economical assembling
in the manufacture of iron,
Lake ports to Buffalo a line of steamers conby the same allied. interests will be employed. To
the upper
trolled
&
&
Coke Company and the other the Powhatan furnish convenient access from the Lakes to the furCoal
Coke Company. The Bufftilo & Susquehanna naces, a ship canal 4,000 feet long and 200 feet wide
Eailroad Company owns all the $1,140,000 capital stock, is
advanced
well
noAV
is
being
built
and
the $550,487 purchase money notes and the $260,000 toward completion.
Through this canal it will be
purchase money first mortgage of tlie former company, possible to unload ore from the Lake steamers directly
and the whole of the $1,030,000 securities of the Pow- into the storage piles, making unnecessary the carriage
hatan Coal & Coke Company barring .only a few of the ore by rail. As further emphasizing this latter
Coal
—
shares of stock necessary to qualify directors.
.
The Buf-
feature,
it
sliould be stated that the
location of the phvnt
i
THE CHRONICLE.
2002
on the Lakt'
on property iminedititoly adjoining
I'ront is
&
the terminals of the Buflfalo
Susquehanna liaihvay
and the enormous plant of the Lackawanna Steel Com-
We
pany.
in
themselves apart from their bearing on the Bulfalo
&
Sus(iuehanna Eailway project.
Obviously, the arrangements here outlined promise a
but
obviously
they
also
large
accession
mean
a change in the character and composition of the
As
tonnage.
'of
tralhc,
a local road, the Buffalo
&
has been distinctively a lumber-carrying
line,
1,098,878
having consisted of lumber, bark and logs. The
amounted to only 58,953 tons. All this will
The lumber traffic
become even more important. The
coal movement will not be felt until
be changed.
coal traffic will
benefit of the
opening of the line to
Buflfalo,
eight or nine months distant
sence of the coal
an event which
full
the
is still
already, however, the pre-
;
being reflected in the earnings,
traffic is
and future monthly returns
show considerable
shoiild
increase on that account.
The company's annual
report for the year ending
30 1904 indicates that as a
extraneous circumstances that
The
ceptional
made
There were some
the year an unfavor-
winter, as the reader knows,
of traffic
operating expenses.
result
of
net
263
of
revenue
these
earnings
— an
of ex-
same time augmenting
Besides this, the destruction by fire
and
at the
of certain lumber plants along the line cut
sources
was
causing serious restrictions in the
severity,
movement
June
local property its prosperity
has continued up to the present time.
able one.
175ie
210
1174
30
*8old at the Stock ExoUange.
at the Stock ExchanK's.
.•i28
Oct 1901—
Oct. 1^04Nov. 1103—
Oct. 1904—
.St'iJt 1901-
425
lla
500
170
Oct 1304- 21014
Aug. 1901- 1439
U Of this amouat 10 shares were sold
—The members of Qronp VIII., New York State Bankers'
Assoclatior, will give their annual dinner at tbe WiildorfTh9 committee of arrangeGates W. McQarrah, Ruel W. Poor, Wil'iam H. Porter, Herbert L. Griggs, G. S. Whitson, C. C.
Thompson, Edward Tow send, Henry Pomeroy Divison and
Maj r Charles Elliot Warren.
Astoria Hotel December 20th.
includes:
—
It is reported that a membsrshlp in the New York Stock
Exchange was transferred last Saturday for a consideration
will remain, but the of 181,000. This represents an advance of $1,000 from the
coal traffic
now
<i40.ft59
I'^o
Trdst CoMPANiEB-yeM» tork.
Ri)wlln(r yreen Trunt Co
5 United ataten Xruit Oo
C-irk
i^xsix.
Lait previoui sale.
Z^^'a
I'r ct.
Z&£\
B-Dk. N.itlonal
3 PfoanoH Excd. Bank.N. Y...
2''
Susquehanna ments
tons out of a total fi-eight traffic of 1,327,809 tons in the
late year
—
Shares
I' A>Kfi— Veto York.
(Con.)
8 M«rlf»«t <k Paltm N*t Baok...
9b N.iw AmMtpKium Xa'. B<»nk....
lONorthKrn National Bank.
these facts hecause they are interesting
cite
[Vou
for
adverse
from
about
loss
for
important
months.
four
circumstances
operations
important
oft'
were
was
The
that
reduced $105,-
such
a
little
road,
previous sale.
last
—As
announced in our issue of October 1, Mr. John Ganlt,
has managed very eucceesfuUy, since its establishment
eight years ago, the foreign branch of the Guaranty Trust
who
Company of
this city, will sever his connection with the comend of the year and ^ill travel abroad for a prolonged period. Mr. Gault was for many years connected
with a large Canadian bank and came to this city as its representative. His thorough practical knowledge of banking
acquired in 35 years' service has been of much benefit to the
company he is leavirg. He will be missed by a large circle
of friends in tbe financial district. Mr. Max May, Manager
of the foreign exchange department of tbe First National
Bank of Chicago, will be Mr. Qault'a successor with the
Guaranty TruEt Company.
pany
at the
—The
National State Bank of Troy, N. Y,, has
new
five-story building, at the corner of River
its
The
streets.
site
moved
into
and Fulton
was acquired by the bank early in 1903 and
made for the erection of the
The new quarters are elaborate and commodious,
preparations were immediately
building.
and make
full provision for the bank's
growth.
—Mr. Howard W. Thompson,
Cashier of the National
Tradesmen's Bank of New Haven, Conn., died on Wednesday. Mr. Thompson was thirty-four years of age.
—Messrs. Kidder, Peabody & Co. of Boston have moved
amounting to almost 25 per cent. How^into their new banking quarters on Devonshire Street. The
ever, income was nevertheless sufficient to provide for
building is two-and-a-half stories high and was erected by
fixed charges and the regular dividends at the rate of 4
the firm for its sole use, at a cost of about $100,000. The
per cent per annum on the preferred stock and of 5 per structure is especially attractive, not only in its interior
cent on the common stock and leave a surplus of $47,- furnishings, but in the exterior arrangements as well. The
the falling off
The
231.
last
preferred stock has been in existence only the
two yearsj on the common stock uninterrupted
dends have been paid the whole of the
The
last
ten
divi-
years.
future of the property, under the changed conditions
upon which
much
it
has
now
entered,
will
be
watched with
interest.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The public sales of
bank stocks this week aggregate 202
which 182 shares were sold at auction and 20
shares at the Stock Exchange. The transactions in trast
company stocks reach a total of 35 shares. Three lots of
stock of tho New Amsterdam National Bank, amoanting to
95 shares, were sold at prices ranging from 440 to 459,«the
last sale being at the higher figure, showing an advance of 34
points over the price paid last week. The table below, given
in our usual form, shows the actual sales of New York Citybank stocks made daring the week at auction and at the
Stock Exchange.
Extensive tables showing the bid and
asked qaotations, deposits, surplus, &c., of banks and trust
companies in all important cities of the United States are
published monthly in the Bank and Quotation Section, the
November iasue of which accompanies to-day's Chronicle.
Bid and asked qaotations for all New York City bank and
trust company stocks are also published weekly in another
department of the paper, and will be found to-day on pages
2070 and 2071.
Mhares.
BkHKB—New Tork.
Price.
Last prevUnu taU
shares, of
I
20 Am«r. Exoh. Nat. Bank
lOhemlcal National Bank
*10 City bank, National
f 35 Oommeioe, Nat. Bank of
279-280
4310
285
230
Oot 1904— 280
Oot 1904—4296
2P0
Septl904
Oct l'^04— 23a
architecture of the latter is of the Roman composite order
the most striking feature being two massive pillars. Two
large electric lamps above the entrance
add
to its attract-
iveness.
& Mechanics' National Bank
reached the $1,000,000 mark, $50,000
having been added to it at a meeting of the board on the Ist
The bank's charter, which expired on October 29, has
Inst.
been extended for another twenty-year period. This is the
third twenty-year extension. The bank's existence actually
dates back to 1807, but it did not become a national institution until October 20 1884, Its growth during the last score
of years has been decidedly noteworthy. The surplus and
undivided profits, which were |564,086 in 1884, have grown in
1904 to $1,088,882, and the deposits during the same period
have increased from $8,389,492 to $13,111,875. The bank
during the past twenty years has paid its stockholders in
dividends $2,860,000 and since its organization in 1807 has
paid $12,247,000 dividends. Many of the best known financiers and most successful business men of Philadelphia are
included in the board of the bank, which is composed of
Howard W. Lewis, Craige Lippincott, John F. Lewis, Henry
C. Stroup, Clement B. Newbold, Joseph Wharton, Edmund
H. McCollough, Geo. L. Farnum, C. S. W. Packard, J.
Franklin McFadden, Geo. C. Thomas, G. Colesberry Parves.
—The
surplus of the Farmers'
of Philadelphia has
now
Howard W. Lewis is President, Henry B. Bartow is Cashier,
John Maeon, Transfer OflScer, and Eugene H, Austin, Assistant Cashier. The board this week adopted resolutions of
regret on the death of Col. Ralph F. Cullinan, one of the
bank's directors.
—The directors of the Girard National Bank of Philadelphia have added $250,000 to the surplus, making the total
now
$2,500,000.
Nov.
5,
THE CHRONICLE
1904.]
of the Philadelphia National Bank of
the
Ist inst. declared a dividend of 5 per
Philadelphia on
cent for the last eix month?, free of tax.
—The
directors
—An
addition of $300,000 to the snrploB of the Franklin
National Bank of Philadelphia waa made at a directors'
meeting on the 27th ult., raising that fund to $1,400,000.
—Mr. James B. Clarkson, previously Secretary and Treasurer of the Security Trust & Safe Deposit Company of Wilmington, Del,, has been elected Vice-President, to succeed
the late Mr. William R. Brinckle. Mr. John-8. Roesell has
been elected Secretary of the company and Mr. L. Scott
Townsend Treasurer.
—The
Maryland Bankers' Association held its annual
Annapolis on the 27th and 28th ult. The sessions
took place in the Old Senate Chamber of the State House,
and a reception at the Executive Mansion was tendered the
delegates on the evening of the 27th by Governor Warfield.
An address by Mr. James H. Eckels, President of the Commercial National Bank of Chicago, and former Comptroller
of the Currency, was one of the principal features of the
Mr. William Ingle, Cashier of the
business program,
meeting
in
Merchants' National
Bank
and brings the total payments up to 75 per cent, two
previous dividends (30 and 26 per cent, respectively,) having
cent,
been paid.
—Captain Aaron Wagoner, Cashier of the defunct Akron
Savings Bank of Akron, Ohio, was indicted on four counts
by the Grand Jury on the 27th ult. A special report of the
jury exonerates President William Buchtel on account of his
age and inexperience as a banker and accountant.
—It is stated that the proposition to increase the capital
stock of the Capital National Bank of Indianapolis from
$300,COD to $500,000 will be submitted to the stockholders at
the annual meeting in January.
—The title of the Old National Bank of Evansville, Ind., is
evidently to be changed to the Old State National Bank, an
application to the Comptroller to organize the latter (approved October 25), bearing the names of the officers of the
Old National, having been made. The new bank is to have a
capital of $250,000, one-half the amount of the old institution,
—The
Old National Bank of Grand Rapids, Mich, (estabmade quite noteworthy growth during the
past few year?, as will be seen by the following statement:
lished 1854), has
of Baltimore, also addressed the
delegates, having for his topic
"The Credit Department";
Wirt Randall, President of the Farmers' National
an address on "The Centenary
Bank
of Maryland's First Banking Corporations"; while Mr. John
M. Nelson, of Messrs. Hambleton & Co., of Baltimore, spoke
on "Trust Companies— Financial and Commercial." Ger.
John Gill, President of the Mercantile Trust & Deposit Company of Baltimore, has been elected President of the Association for the coming year, and is the first trust company
Mr. Charles Hann, Assistant
official to occupy that position.
Mr.
2063
J.
of Annapolis, delivered
Cashier of the National Mechanics' Bank of Baltimore, is the
Secretary of the Assooiation. The Treasurer, Mr. William Marriott, Cashier of the Western National Bank of
Baltimore, was re-elected.
new
—At a meeting of
the directors on Tuesday, Mr. Summerfield Baldwin was elected President of the National Exchange
Bank of Baltimore, to succeed the late Mr. William T. Dixon.
Mr. Baldwin, it is stated, has only consented to fill the va-
cancy until the annual meeting in January, but it
he will be induced to accept the post permanently.
is
hoped
Surplus
Date.
Sept.
61904
June 9 1903
Sept. 15 1902
Sept. 30 1901
Sept 5 1900
Sept 7 1899
Sept 20 1898
The
Profits.
Deposits.
Resouree$.
$800,000
800,000
800,000
800,000
800,000
800,000
800,000
$434,317
389,440
348,767
310,819
264,968
224,263
212,070
$4,258,836
4,152,252
4,135,870
3,593,097
2,880,369
2.670,201
2,412,163
$6,293,158
6,141,692
5,584,638
4,903,916
4,145,337
3,782,217
3,468,495
of the
officers
Total
<£
Capital.
bank
are:
J.
M. Barnett, President;
Willard Barnhart and Harvey J. Hollister, VicePresidents; Mr. Clay H. Hollister, Cashier, and Mr. Frank S.
Coleman, Assistant Cashier.
Messrs,
—A
the Inter-State Bank & Trust
with $200,000 capital, has been issued.
certificate to organize
Company of
Peoria,
111.,
—A
Peoria, 111., Chapter of the American Institute of Bank
Clerks has been organized, with a membership of sixty-five,
and with the following officers President, William Hazard,
Commercial German National Bank; Vice-President, H. C.
Bigham, First National Bank Secretary, Geo. T, Kennedy,
Merchants' National Bank; and Treasurer, W. R. Cation,
Central National Bank.
:
;
—Mr. James Shriver has become Vice-President of the
—The First National Bank of Chicago will on January 1
Western National Bank of Baltimore.
inaugurate a system of specialization of credits in its com-The consolidation of the Fifth National and Fort Pitt Na- mercial department. According to the Chicago papers the
banks of Pittsburgh has been completed and on Tuesday the first named went into liquidation. The business of
the Fifth National has been transferred to the Fort Pitt's
quarters at 235 Fourth Avenue. The latter will, however,
ultimately occupy the premises which the Fifth National
vacates as soon as proposed alterations are made. The particulars regarding the oonsolidatiou of these two banks have
previously been given in these colamDS. The Fort Pitt has
increased its capital from $200,000 to $1,000,000, of which
$700,000 is exchanged for a similar amount of stock of the
North American Savings Company and $100,009 for the stock
of the Fifth National Bank. Mr. W. P. Knight, Cashier
of the Fifth, becomes Assistant Cashier of the Fort Pitt,
tional
—
Mr. George L, Stephenson has resigned as Secretary and
Treasurer of the Guardian Trust Company of Pittsburgh.
The company has removed from 411 Wood Street to 241
Fourth Avenue.
—An increase of $800,000 in the capital
of the Cosmopolitan National Bank of Pittsburgh is contemplated. The
addition will give the bank a capital of $500,000, the amount
at present being $200,000. The proposition has been recommended by the directors, and it is expected that the stockholders will act in the matter about the first of the year. It
is announced that the new shares will be sold at $125 each.
—The statement of the Pittsburgh Trust Company of
Pittsburgh for the fiscal year just ended is published in the
papers of that city. The report shows that after the payment
of annual dividends of 20 per cent on the capital of $3,000,000, calling for $400,0u0, the company still has profits of
Theinsiitution has besides a surplus of $2,000,$2,106,951.
000.
Twenty per cent was also paid in the previous year.
— Aasigupe Frank H,
Ginn, of the Eaclid Avenue Trust &
Savings Batik of Cleveland, has declared a third dividend to
the creditors of that institution, The amount is for 20 per
will be divided into seven
groups, comprising twenty-six divisions. There will be a
senior and a junior officer in charge of each group— the
senior officer passing on the credits and the junior officer
taking care of the details. The plan, it is stated, is to divide
dlflEerent lines of credit carried
borrowers into classes, such as the boot and shoe trade, the
clothing trade, the liquor trade, commission-house business,
etc. the borrowers in the different lines being referred to the
senior officer of the particular group in which his line of
,
is classed.
Monthly and yearly reports will be made
by the senior officers, and such other reports as may be required from time to time. A two-fold advantage is expected
from the new arrangement. It will make these officers experts in their particular branches, and at the same time it
will enable the higher offisials to judge accurately of the
work of each group and to enforce strict accountability.
credit
—Mr. John H.Witbeck, formerly a director in the America
National Bank of Chicago, and later (Vice-President of the
Fort Dearborn National Bank of Chicago, died at his residence in that city on the 27th ult., at the age of 68.
—As will be seen by the accompanying little table, the
past year has been quite a prosperous one for the old SecuThe deposits have
rity Bank of Minnesota at Minneapolis.
increased from $8,702,380 to |9,261,807, while over $181,214
has been added to the surplus account.
Total
Surplus dt
•
Date.
Sept 6 1904
Mar. 28 1904
Sept 9 1903
Capital.
Profits.
Deposits.
Resourees.
$1,000,000 $497,256 $9,381,207 $10,758,488
10,466,383
9,022,344
444,039
1,000.000
10,068,403
8,702.360
366,042
1,000,000
Mr. F, A. Chamberlain is President; Messrs. Perry Harrison and E. F. Mearkle, Vice-Presidents, and Mr. Fred. Spafford, Assistant Cashier.
—Much
at the convention of the
the 27th and 28th ult. In
on
Association
Nebraska Bankers'
interest
was displayed
THE CHRONICLE.
i>0G4
the address of Mr. A. B. Stickney, Preeident of the Cbiuago
Great Western RR.; in fact the speech aroused snch enthuslHsm that it was voted to pnblish ten thousand copies of it in
pamphlet form for circulation throughout the State. Mr.
Sticbnej's subject was "Nebraska's Opportunity," and he
epoke in glowing termfl of the future of the State. Other
prominent speakers at the convention were Mr. H. P. Hiliiard,
Vice-President and Cashier of the Mechanics' National Bank
of St. Louis, whose discourse was on " The Trade Relations
of the United States with Other Nations,"' and Mr. Gt. W.
Wattles, President of the Union National Bank of Omaha,
whose remarks were on " Qaick Assets." President E. S.
Lacey, of the Bankers' National Bank of Chicago, was to have
been present, but In his absence Cashier Frank P. Judson
few words to the bankers. Both the President and
Vice-President of the Association were unanimously reelected. They are respectively Mr. J. T. Trenery, President
of the Farmers' National Bank of Pawnee City, and E. F.
Folda, Cashier of the Banking House of F. Folda, of Schuyler.
said a
—The
Des Moines Savings Bank of Des Moines, Iowa,
which recently took over the banking department of the
Security Trust & Savings Bank of Dds Moines, has issued a
report of its condition under date of September 20 1904. The
statement shows deposits larger than those of any other
bank in the city, namely $4,765,140. Surplus and profits
are now |128,492 and total resources $5,393,632. The institution conducts both a commercial and savings bank business.
Mr. P, M. Casady is President, Mr. Simon Casady VicePresident, Mr. Homer A. Miller, Cashier, and Mr. C. T.
Cole Jr., Assistant Cashier.
—Wo are advised that the Tennessee Trust Company of
Memphis has bought the entire capital stock ($2Oa,O0O) of the
Home Finance & Trust Company of Memphis. The paid-in
capital
of
the Tennessee Trust has been increased from
$500,000 to $700,000.
The
full authorized
amount
is
$750,000.
Only a few months ago— in July— the stockholders of the
Home Finance Company voted to increase their capital from
$100,000 to $200,000, the shares being sold at $120 each. The
Tennessee Trost began business about a year and a half ago.
The absorption of the Home Finance & Trust will add about
I
Vol. LxxiK.
new bank
is definitely settled, however, each bank is to con.
tlnue separately.
The $600,000 capital of the consolidated
bank. It is stated, will be divided equally between the two
The National Bank
Institutions.
of
Commerce has
a capital
and the Seattle National a capital of $300,000.
The combined deposits of the two exceed six million dollars.
of $150,000
—The Mercantile Trust & Savings Bank of Los Angeles, to
which we referred last week, has elected officers as follows:
President, Mr, F. M. Douglas; Vice-President, W. Jarvis
Barlow; Secretary and Cashier, Charles Ewing.
Accountants' Convention at Washington.—The annual
convention of the Federation of Societies of Public Accountants in the United States was held at the New Willard Hotel,
Washington, D. C, on October 18th 1904. Although this
meeting was called within three weeks after the holding of
the Congress of Accountants at St. Louis, there was a considerable attendance of delegates. The following States were
represented
Illinois, Pennsylvania, Ohio, Maryland, Mis-'
souri and Georgia. The several State societies forming the
Federation were represented by their Presidents or some officer, and their annual reports upon the work accompliehed
during the year were listened to with much attention. A
bulletin will shortly be published containing these, together
with a report of the proceedings at Washington. The following officers were elected for the ensuing year ; President, A.
Lowes Dickinson, C. P. A.; Secretary, Robert H. Montgomery, C. P. A.; Treasurer, J. S. M. Qoodloe, C. P. A.; Auditor, Chas. O. Hall. The under-named delegates were elected
to serve as members of the executive board, which is composed of the Presidents of the several federated societies and
six of the delegates elected at the annual convention: Harvey
S. Chase, John A. Cooper, Herbert G. Stockwell, Chas, L,
Hehl, Leon O, Fisher and Chas. H. Highley. The Secretary's
report was that five societies had joined the Federation during the year and that four new societies of Public Accountants had been organized by the Federation during the last
twelve months.
:
—
Amalgamation of Accountants' Societies. The Joint
Committee appointed by the American Association of Pablio
half a million dollars to its deposits of $1,300,000.
Accountants, the Federation of Societies of Public Account—The latest statement of the Cedar Bapids National Bank ants in the United States and the New York State Society of
of Cedar Rapids, Iowa— that for September 6— shows deposits Certified Pablic Accountants, held a final session on Oct. 21,
of $2,125,344, which compares with $2,038,701 a year ago, and unanimously agreed upon a report which all the nine
$1,894,009 on September 15 1902 and $1,748,994 on September members of the Joint Committee signed. The Constitution
30 1901.
Surplus and profits also stand decidedly higher, and By-Laws of the American Association of Public Accounthaving risen in the three years from $65,510 to $106,950, while ants are to be so amended so as to incorporate all the essenaggregate resources are now $2,442,295, against $2,022,004
September 30 1901. Mr. A. T. Averill is President Or. F.
Van Vechten, Vice-President ; Ralph Van Vechten, Cashier,
;
and Kent C. Ferman and John Fletcher, Assistant Cashiers.
Mr. Ralph Van Vechten it will probably be remembered, was
elected Treasurer of the American Bankers' Association at
the recent Convention held in this city.
Arrangements have been made whereby the business of
the Mercantile Exchange Bank of Jacksonville, Fla., will be
taken over on January 5 next by the Florida Bank & Trust
,
—
tial
features of the Federation and
and purposes a Federation
making
it
to all intents
of State or District Societies of
Public Accountants. The present members of the American
Association will retain their membership in the National
order, and all the members of existing State Societies of Public Accountants who accept the proposal will become individual members of the American Association; but the voting
and business will be conducted by delegates.
Congress of Accountants.— The Committee on Arrangefor holding the Congress of Accountants at St. Louis
ments
Company, a new institution now being organized in that city.
26-28 has authorized the publication of the full
September
The latter will have a capital of at least $500,000, and its
proceedings of the Congress, with all the papers and stenoprincipal stockholders will be composed of the most promibook form. This will
nent and inflaential business men of Jacksonville and other graphic report of the discussions, in
had from the Secrebe
published
and
copies
can
shortly
be
points in Florida. The President will be Mr. W. F. Coachtary, Room 703, 52 Broadway, New York, The technical
man, Vice-President of the. Consolidated Naval Stores Co.,
are useful and instructive, and will make a valwhile the Vice-Presidents will be Hon, W. S. Jennings, now papers read
uable addition to the library of public accountants.
Governor of the State of Florida, and Mr. Arthur F. Perry,
Cashier of the Mercantile Exchange Bank.
Canadian Bank Clearingrs —The Clearings of the Canadian
—The Citizsns' National Bank now organizing in Vioks- Banks for the month of October, 1904, show an increase
For the
bnrg. Miss., as noted last week, is to have a capital of over the same month of 1903 of 7'4 per cent.
ten months of 1904 there is a loss from the like period of
$100,000.
—It
January 1 the Lowdon National and
the National Exchange banks of El Paso, Tex., will consolidate under the name of the American National Bank. Both
institutions have $100,000 capital.
—The Seattle National Bank of Seattle, Wash., which in
August 1903 took over the Boston National Bank of Seattle,
is again to unite with another bank of that city.
Arrangements have been perfected for its consolidation with the
National Bank of Commerce, and the stockholders will be
called upon to take action on the plan at the annual meeting
in January. Until the matter of permanent quarters for the
is
1903 of 2-3 per cent.
stated that on
Ten Months.
October.
Olearints
at—
Montreal
Toronto
AVinnipeK
Halifax
Ottawa
1904.
t
102,600.588
82,7(33 b«5
28. H^,908
7,«67,737
e.54s,6ey
1903.
84l,H.-'3,71S
92 7,129,
Bt<4,04n,lG7
222,0'9,B71
73,922,010
+0*4
86,463,>^5^
6rt,717,4»l
(50,765,041
e7S,H74.
ih»,5:n,
76,183,
85,672,
4,801,512 —6-4
3,718.573 + 4-1
3,43U,S37 -12-4
42,0.'B.916
-3-0
+0-9
-0-4
66,95rt.
e3,u92, 57-2 +12-5
4i,B64. "47 +S-6
<0423 ,816
36,662,701
8a,48:H,,07»
+3-.S
27,091,26!*
a4.^54 ,939
+90
4 2.108.369.919 2,219,767.130
-8-3
8,178,683
9,612,-83
«,«'il,348
5,047.3>i8
Total CariRrtn
2«200*.549
Dee.
•^-T•l
7,5ifi,0si'
3,uil,8«i
In. or
+21*4
fi.fO-.lteO
Victoria
1903.
a8,4-<;5,8-i8
Vancouver
Hamilton
8t. John
4,542,-^03
.S,«a».37J
1904.
6S,15S,5i'2
100,5li>,72'll
7,1>'2.*)4
5.211 690
Dec
%
+rO
Qaebea
tiondon
\ln. or
244,019,234
—20
47,887,0^9
B-2
1-8
+17-1
.
.
.
THE CHRONICLE.
N0V.-5, 1904.]
MONTH LT 0LBABIRO8.
The clearings for the week ending Oct. 29 make a very fav'
orable comparison with the same week of 1903, the increage
in the aggregate
having been
2065
Citaringa, Total
Clearings
at—
Inc. or
Dec.
1903.
1904.
^^innipGg ..•••.......
Halifax
Ottawa,. .•••
Qnoboc
8t.
John
20.6^1,634
12,476.351
16.309.151
11,718,035
+12-:i
4.53\998
+115
1,619,10'-
3,508, 65-<
l,»-68,2n3
21,072.173
1,847,617
1,905.969
1.5 4.612
1,691.2-6
1,167,517
1,018.^70
1,686,760
l,8l4,»-54
+5-0
+6-9
1,630,565
1,392.261
1,1U3,W78
+tO^
82 -,282
1,020,7H5
9HK,598
9,585
748,588
661.6612
Victoria
5e.ll0,644
14.5011,000
6,898,3t)0
-0>
1.518.016
1,597,05a
90e,>^36
l,liJ4,589
—9-5
+7-0
+8-5
778,003
609,743
52,066,485
-tll'6
7--
1,641,7^2
1,354,'
«5e,4l0
821,700
86
89,390,008
$
$
12,282.474.004 11.088.982.081
8.468.707,464
1st qnar.. 85,633,470,0B9 29,139,987,561
concerned. New York exhibits a g^^in of 77 6 per cent. Bos.
ton 10*8 per cent, Philadelphia 25*9 per cent, Baltimore 14*4
per cent, Chicago 16"I per cent and St. Louis 36*5 per cent,
New Orleans records a loss of 7*2 per cent.
Week Ending November
New York
Chicago
at. Loots.
Orleans
Seven cities. 5 dajc
Other cities. 8 days
Total
all cities.
5 dayt
All cities, 1 day
Total
all cities
for
wetc
$1,551,085,441
145.b20,809
113,351.07;
19,482,15S
165,760,4S0
68,513,454
15,048,3«3
$878,301,049
181.435,101
90.010,748
17,025,670
142,77^,992
42,881,026
16.206,374
+77-6
+10-8
+25-9
+14-4
+18-1
+H6-5
-7-2
$2,068,866,762
319,878,461
$1,313,632,758
310.461,811
+57-6
+2-8
$2,388,146,223
450,111,842
$1. 624,09 », 569
853,888,646
+47-0
+27-2
$2,838,257,086
$1,977,983,116
+43-6
Ten
.Actual
Of Quantity
Value.
127,238,178
$n712i;54350 $73537;2,9S4
UB. bonds..
QoT't bonds
4tate bonds
Bank stocks
Ten Months, 1903
Uon'.Ks, 1904.
Par Valu«
Aver'ge Par Value
Price. or Quantiti
62-8
1690,031,900 1581.318,0.30 84-2
$'.98,680
t657,H83 1110
$14.(*38.176
$13. 68.481 92-1
$543,800
#l,2c)8,45( 233-3
Actual
Aver'fi
Value,
Pries.
^2 4 10.608,186,9f>8 10.708,425,762
9,118,634,323
Jane.
8,058,423.305
months.
3,887,507,858
-1-0
-83
-9-9 3.373.116.685 8,643.805.187 -48
9,482,181,90C -14-5 3.487.934,336 3.675.695.617 •-6-1
2dqaar... 24,683.658,611 23,122,685,061
60,117,028,610 67.262,852,622
-126 10,379.598,969
-12
6
10,856.808.612
-4-3
20.987.782,947 21.665.284,384
-27
-6-8 8,485.951.463
-8-6
8,008.068,912 7.921.888.126 +1-1 8,852.469.011 3,256.684,317 +8-9
AORUSt
September. &.84t,878,813 7,673,849.870 +15-3 3,489,571,152 3,382,381,019 +8-2
8,680,311,721
Jaly
9
months 73,629,683.066
October.... 11.509,898.765
9,767.846,833
+
82,625,776,261
8.790.071.937
0-6 10,307,991,646 10,429,037.273
-1-2
-8-6 31,295,724,693 31.994,271,637
-2-8
9,176.620,544 +25-4
4,033,032.173
8,943,245.341
+8-3
The course of bank clearings at leading cities of the country
month of October and since January in each of the
last four years is shown in the subjoined statement.
for the
BAHK OLBABIHOS AT LEADING
,
(000,000*
omitted.)
Se-wYork...
Ohioairo
Boston
Philadelphia
St.LoulS....
SanFran'OO.
Saltlmore...
S.an8aBClty.
Cleveland ..
New Orleans
allnneapolls.
Louisville...
Detroit
Milwaukee..
Providence..
Omaha
BoflalO
St.Paul ....
IndlanapollB
Denver.....
Memphis....
Seattle
Hartford.
Lake City
8.
Total
Other
Otitrivtion.
3.227.496,458
8,216,947,888
Richmond..
Our usual monthly detailed statement of transactions on
the various New York Exchanges is appended. The result?
for the ten months of 1904 and 1903 are given below.
3,284.084.786
May
Olnoinnati...
Boston.
Philadelphia
Baltimore
Now
P. Cent
1903.
3,902.861.668
-8 9
»,581,868,82P -13-3 3.618.645.839
Pittebnrfrh..
1904.
6,
-149
8,309,188,924
8
P.Ot.
<
»
8.744.947.885
-4'0
+1-8
8.383,108,307 9,582.278.076 -13 8 3,579.103,317 3,678,067,741 +0-03
7,718,889.788
3d qnar... 85,512,659.448 26.362.923,829
Clearings by Telegraph.— Sales of Stocks, Bonds, &e.—
The subjoined table, covering clearings for the current week,
usually appears on the first page of the Chronicle, but on account of the length of the other tables is crowded out once a
month. The figures are received by telegraph from the lead,
ing cities. It will be observed that as compared with the
corresponding week of 1903, there is an increase in the
aggregate of 48*5 per cent. So far as the individual cities are
Clearings— Returns by Telegraph.
Von..
1903.
1904.
Aortl
546V712
48.116.818
..
March
$
+7-«
+21-3
22,683.248
17.585 383
7,182 811
832,329
Total Canada
Janoary.
rebrnary
1901.
1902.
$
$
Montreal
October 29.
P.Ct.
1903.
1904.
Week ending
New
Clearings outside
.ail.
Uontn.
11*6 per cent.
$$$
October.
—
,
CITIES.
Jan. 1
$$
to October 31.
1904.
1903.
1902.
1901. 1904.
$
7,477
5,233
7,497
812
594
543
255
189
141
108
99
101
61
81
lOZ
47
46
38
36
38
29
31
29
21
21
29
23
13
14
82.5
747
644
540
218
5,95151,81155,365
709 7,313 7,331
637 5,328 5,620
490 4,600 4,898
198 2,389 2,069
169 1,663 2,039
105 1,262 1,259
100
902
987
80 1,013
968
89
891
877
60
570
679
67
764
627
78
645
576
39
458
443
60
427
433
30
333
322
36
286
294
34
326
829
28
267
265
26
252
252
19
265
263
21
188
195
17
194
170
16
201
156
18
181
171
12
115
116
18
122
122
10,973
cities..
.
837
588
490
227
195
142
119
95
119
68
78
86
43
46
38
84
37
29
31
27
22
18
23
21
11
13
193
136
104
94
104
69
59
88
43
42
34
36
34
28
30
26
22
19
22
21
12
16
8,658 10,878
518
479
1908.
—
1902. 1901.
$
i,
63.623 66,744
6,962 6,3S9
6,768 6,041
4,854 4,550
2,102 1,835
1,904 1,713
1,112
949
1,006
997
809
755
582
463
895
815
637
632
667
415
433
290
293
300
247
236
220
192
178
134
156
118
142
,470
'384
458
266
289
276
251
205
165
190
165
121
116
113
148
9,095 82.632 87,338 94,030 96,394
426 4,508 4,464 4,021 8,387
Total aU... 11,510 9.176 11,357 9,52187.140 91,802 98,05198,781
4,033 8,943 3,860 8.570 35,329 35,937 34,428 32,037
OutsldeN.Y.
186,142.979
I8H61S07975 9.698,481,814 76-8
$S69,3<2.400 $492,437,609 88 5
$l,15H.6i9 114-7
$1,010,160
$4^6.100
$166,711 38-0
»5S2,900
$1,763,436 802-8
IMF ORIS AND EXPORTS OF GOLD AND
SILVER AT SAN FRANCISCO.
Through the courtesy of the Collector of Customs at San
Francisco, we have received this week the details of imports
Total value.
$e4S6604,985
10458658,286
and exports of gold and silver through that port for the
month of September, and they are given below in conjuncThe volume of transactions in share properties on the New tion with
the figures for preceding months, thus completing
York Stock Exchange each month since January 1 in 1904
the results for the nine months of the calendar year 1904and 1903 is indicated in the following:
The imports of gold were only moderate, reaching $838,926'
of which $747,829 was in coin.
Of silver there came in
ALBS OF STOCKS AT MBW TOHK STOOK BXOHAMaB.
$273,831, wholly bullion and silver in ore. During the nine
months there was received a total of $84,377,877 gold and
1904.
1903.
$2,429,521 silver, which compares with $8,538,508 gold and
Values.
Month. Nwnhir
Values.
Number
$1,713,681 silver in 1903. The shipments of gold during
Shares.
ot Bharey
Par.
Actual.
Par.
Actual.
September were very small, reaching only $280, ail coin, and
1
$
$
$
the exports of silver were $645,758, of which $403,600 was
Jan
18.862.624 1.169,681.975
668.948.928 16,001.223 1.616,2«4,96( 1,204.688,214
H.7B7.86H
Feb
793,179,950
600.002,419 10,922,017 l,045.fc 47.226
886,098,769
bullion. For the nine months the exports of gold reached
March 11.440,966 1,053,978,950 661.00^,461 16,095,806 1,424,484.40(: 1,132,487,694
$92,421, against $1,769,863 in 1903, and $5,955,773 stiver was
istqr. ta 490.a39 3,006,740.875 1.82O.959.808 42,018,646 1.985.698,576
3,172,154,677
The exhibit for
sent out, against $1,607,939 in 1903.
8.205,829
April..
43VI.8H0 481 12,8»3.06h 1,150.685,100
772,667,250
900,041,217
Saptember and for the nine months is as follows:
May...
5 290,110
500,738,000
Total.... $124'8»e0005 $795n78'9r565
633.154,800
8»7,815.3U0
araln.bush.
64-0
97^0.
18282709525 10094006.988
479,630,150
IQS
364.649.248 760.
')f
.
2-)7.H61.Hl<t la,467,68t- 1.166,807,900
Jane...
4,972,804
485,355,700
2dqr.
lc:i.468,44?
1,788,734,950
mos.
July...
2c0.000.00a 15,896,741 1,400,639,12)
901.487,624
977.865.291 40.157.887 3,717,682.126 2.971.062.439
0.969,282 4,743,476.826 2.798,815.106 S2.176.98S! 7.708.178,700 <i.l48.817.118
I3.4'>.2,894
1,1.37.879.700
18,:
663,916.861 14,370.948 1,851,652,500 1,006,111,409
67.264 1.7t2.94:i.e00 1.102.487.948 10,795,45S 1,008,869,225
709,8rt4,218
8d qr 13,701,447 i.92i.3«.a50 2,464,070,149 40,070,154
0mos
SILVBR.
GOLD.
HOHTHS.
Oow.
Bullion.
Total.
Ooin.
*
9
Bullion.
Total.
698.536,331' 14.908.76K l..379,4a7,900 1.018,941,179
AoRasi 12,474,789 1.070.701,950
Sept...
IMPORTS OF GOLD AND SILVER AT SAN PBAN0I80C).
1,189.633,698
3,7.S9,749,6a& 2.734.218,806
94,693,729 <.8f,6.801,075 5,253,94^203 122246086 11,442988325 S,877.433.H22
Oct.... .}2,674,449 3,048,468,876 2,100.497,081 12.899,898
1,808,879,860
721.047,092
1904.
$
January... 2.555,623
fubrnary.. 2,469,820
March
6,l.'8,l64
April
1,801,764
7,986,718
May
June...... 2,803,08,^
July
4,504.430
3,82H,566
Anirust
September
The following compilation covers the clearings by months
«lnoe January 1
747,820
$
2C0.3RH
380.4R
183,876
1^4,761
65,4H1
99,5S9
2,902,«74
I40,3:<i
4.(144,769
2.735,981
76f^
J,850,v7.^
867
607
0.342.040
l.»5«,616
» ,052,1 Pi"
205,93r 4,034,600
838,926
9i,ioe
Tot. 9 mofl 33.866 979 l,521,8Pf>
34,877,877
4,095
4,436
7S,32S
52,660
9
308,381
333,881
31(5,796
187,762
103,63211.H53
229.93il
327,304
273,881
i
309.136
334.248
3)7,403
187.762
107,733
216,280
303,256
879,864
273,831
136.143 2.293.378 2,429,521
6
THE CHRONICLE.
2066
BXPOBT8 OF OOLD A.ND 8ILVBB FROII 8AM FRiJIOIBCO.
OOLD.
was found that money was not
so plentiful as had been supbelieved by those in the best position to judge;
both in Berlin and in London, that the German demand for
posed.
SILVER.
1
MONTHS.
1904.
January
..
February..
Maroh
April
May
June
July
Aagast
September
Cot. 9
moi
Ooin.
Bullion.
Total.
Ooin.
9
9
9
9
6.319
3.186
13,050
4.966
3. 888
57,625
1,830
2,329
Bullion.
6,819 141,384
3,186 24,639
13,050 42,311
4.965 12,916
388- 366,320
67,52' 748.4«7
1,88C 378,402
2,82» 306,52(
W80 242,158
230
92,421
Total.
9
9
124.500
265,884
404,273 428,912
304,900 347,211
211,101
224,017
258,400 1.U3.720
454.11S< 1,202.606
367,227
676,510
403,600
745,629
982,036
645,768
98,421 2,701.143 3,204.630 5,966,778
©lottjetarijlCammeru i^uQlish^tvje.
[From oar own oorrespu
ident.]
London, Saturday, October 22, 1904.
The improvement upon the London Stock Exchange has
made
Maikets are broadening
beginning to invest, and there is de'
cidedly more courage on the part of operators. la Paris,
likewise, there is a better feeling, and it is thought that the
chances of Russia in the Far Eastern war have decidedly
improved. At the beginning of the week there were still
doubts in Paris as to the result of the battle on the Sha-Ho,
but as the week advanced and the fighting came to an end,
apparently through the exhaustion of both sides, a more
hopeful feeling grew up and the Paris Bouree decidedly
improved.
There is active business ic Germany, and German operators are buying on a large scale here in London. For a
moment last week the dearness of money checked operations.
But money has become somewhat more plentiful, though it
is still gcarce and dear, and confidence has revived.
All
over Europe, indeed, there is a decidedly better feeling than
there has been for a a long time past, for people in general
have come to the conclusion that the danger of political complications arising out of the Far Eastern war has passed
farther progress this week.
as the general public
is
away.
Here at home, although a larger number of men are out of
employment at present than at the seme date for several
years past, there are still indicatioas that trade is beginning
to improve. More particularly, this is clear in Lancashire,
where an enormous business is being done, both with India
and with China. India has been very prosperous for a succession of years now. The purchasing power of the people
has rapidly increas ed, and everything indicates that the purchases of India in this country will continue to increase for
some time yet. More remarkable still is the improvement in
the Chinese demand. China has been able to pay all the
instalments of the indemnity imposed upon her in consequence of the Boxer troubles, and yet the Chinese exchange
is higher now than it was before those troubles began.
Evi
dently the temporary difficulties then caused have been completely gotten over, and the economic condition of China is
decidedly better.
In the beginning of the week British railway stocks were
^ather depressed, as the traffic returns were considered disappointing. As the week went on there was a recovery, due
partly no doubt to the cheapness of money, partly to the
improved reports respecting trade, and partly to arrangetnents which are being made by the railway companies
themselves to remove difficulties. For example, there has
long been a dispute between the Great Central Railway and
the Metropolitan Railway Company. It is understood that
a settlement has this week practically been arrived at. The
marked improvement, however, during the week has
been in South American railway securities, the news from
Argentina, Chili and Brazil being exceedingly good, and
the process of disarming the insurgents in Uruguay is also
going on rapidly.
Money was excedingly cheap and plentiful at the beginning of the week. Indeed, on Tuesday, when the instalment
on the recent issue of Exchequer bonds fell due, over 4>^
millions sterling wa« paid up, a large part being in full payment. The financial world did not anticipate this, and as so
large a sum was paid without disturbing the market, it made
an extremely good impression, and there was a further fall in
the rates of both interest and discount. As the week draws
to a close, however, there has been a recovery in rates, as it
laost
[Vol. Lxxix.
It is
gold has now nearly ceased. On the last day of September
the note issue of the Imperial Bank of Germany had been so
enormously increased that the Bank was paying 5 per cent
duty upon more than 15 millions sterling of its notes. In the
first week of the present month notes returned in large
amounts, but still the duty had to be paid on nearly 9 millions
sterling of notes. In the second week the return of notes was
still larger, so that at the end of that week the Bank had to
pay duty on less than 13^ millions sterling of its notes. It is
believed to be certain that this week the return of notes will
be|snfficient to relieve the Bank from paying any duty at all.
The causes of the eager demand for money in Germany
are, firstly, that the German Government, not having issued
a public loan this year, is being financed by the Imperia I
Bank; secondly, that one of the large German banks has
bought a large proportion of the shares of a great industrial
company for the Government and in sodoiag has temporarily
locked up a large part of its funds. In addition, trade is very
good and business on the Stock Exchange
active.
In Paris
money
is
is
somewhat
also in
exceedingly
better demand.
Ihe French banks have been reducing the balances they have
so long employed in London and they have been diverting the
money to Berlin. Indeed, Berlin offers so profitable a field
for employing money that the batks have remitted there
large sums. In France itself, also, there is somewhat more
activity than there has been. From all this, those in the best
position to judge infer that the rates of interest and discount
It is still thought possible that
will now steadily rise here.
the Bank of England will not have to raise its rate of discount unless, of course, something entirely unforeseen happens.
The India Council offered for tender on Wednesday 60 lacs
of its drafts and the applications exceeded 439 lacs at prices
ranging from le. 4 l-82d. to Is. 4 l-16d. per rupee. Applicants
for bills at Is. 4 l-16d. per rupee were allotted the full
amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last three years
:
1B04.
1908.
1902.
Oct. 10.
Oct. 21.
Oct. 22.
1801.
s
S
27,979,660
28,51«.450
7.129.806
42,911.939
«
29.363,660
10,573,183
39.2a. 113
14,«l<i.849
19,999.0511
1»416.183
23.888,«64
other securities
27,323,688
Reserve of notes and coin
Coin & bullion, both departm'ts 36.863,115
25,.s& 1,824
28.37 '.3W)
22,867,725
84,066,686
'4'
Circulation
Public deposits
Otber deposits
Government securities
7.612.7tf
40,613.779
Prop, reserve to liabilities, p. c
percent.
rate
Consols, 2M percent
Silver
The Bank
38,0K0,eil
44«
66}^
Bank
CTearing-House returns
2i,531,»v:0
8
S'^X
8e^
86Ka
28 6-l6d.
803 283 000
2Ja.662.000
rate of discount
Oct. 28.
Bank
Ban\
0|>«n
Rat*. Marlt$t R»t». Mark*
Berlin
S
6
Hambnrft
5
RYankfort
Imtterdam....
5
Pari!
Broiiels
8
8
71enna
8K
PetersbarR.
Madrid
5><
St.
OoDanhaaen
Messrs.
.
.
3
3J<
SM
VA
2«
S«
nom.
8»
4»
4M
4M
Pixley
&
5
6
6
8
8
9\i
5M
4»
4W
8t),SS1.411
4^
98 0-10
26 Wd
163.710,000
and open market rates at the
8«
iH
8H
3H
iH
i%
4
Oct. 1.
0y«n
Bank
09*n
Bate. Mar\*
R»t».
MurUt
Bank
8
4
4
4
4
4
8
8
3H
ihi
nom
4M
4M
IM
SM
SM
3^
8
8«
3H
2%
8H
nom,
8
:
Oct. 8.
Oct. 16,
09«n
s
29.298.220
11,018.261
40.109.671
ix.oin,7e5
i 6, 166,879
24,828,191
93 8 16
88 6-16d.
170.278.000
chief Continental cities have been as follows
Batt$ ot
InUrttt at
Oct. 23.
S
4
4
8
iH
8
3M
6H
«M
3>t
noB.
4M
3
4
Abell write as follows under date of
October 20, 1904:
Gold— Gold has been
very strong demand during the week
the arrivals, for most of which 788. and
writing the demand Is Bllf2;htly less
keen. At thn Bank £200,000 has been paid In for aoooant of the India
ConncU. and £.500.000 has been withdrawn, of which £460.000 Is for
Egypt. Arrivals: South Africa. £266.000; Rombay, £271.000; Aus-
and Berlin has seoored
over was paid At the
In
all
moment of
£213,000; West Indies. £ 16.000; total. £766,000. Shipments:
Bombay, £50.000; Colombo. £1.000; Madras, £7.500; total, £''8.600.
tralia,
Silver— Short supplies, especially for near delivery, caused quotations to advance to 26'8d. for cash and 2658d. for forward. To day's
prices are iind. under the above, but the market o'oses practically at
yesterday'!* tiitiires. There has been no Inquiry fur the Indian bazaars
during the week, the oloslnfi: quotations being Ra 67''8 per 100 tolabs.
Arrivals: New York. £136,^00;
Australia, £8,00i'; West Indies,
Shipments: Bombay. £90.900.
Mexican Dollars— There have been no transactions since our
£2.000: total, £146,000.
last
circular.
The following shows the Imports of cereal produce into
the United Kingdom during the seven weeks of the new
season compared with previous seasons
IMPOETa.
1904-5
1903-4
1902-3.
19013.
9.004,200wheat,
CWt,14,269.200
Imp'tsof
13.030,609 13,163.395
4,599.600
4,653,600
Barley
5,888,945
6,648,061
2,884,8001,866,000
2,869.840
Oats
1,704.347
46B.819
238,500
300.178
237,309
Peas
318.721
427,945
441,800
456.189
Beans
6,446,20a
6,708.900
8.692,308
4,123,785
Indian com
2.810,900
1,512,600
Flour
3,150,798
2,730,622
:
—
—
Nov.
(exolnslve of stock
Supplies available for consutnption
on September
1):
1901-2.
9,004,200
2,810 900
4,740,645
1902-S.
1903-4.
1904-5.
Wheat Imported, owt.14,269, 200 13.030,609 13,163395
3,150,798
2,917,677
2.730,622
8,349,539
18.335,690 19,099,084
Total
268. 8d.
Av«'r.prloewheat,week.308. Sd.
278. lid.
_
eeason.SOs. Od.
Average
_^_ prloe,
^
19.243,566
Imports
Of flour
Bales of
homegrown.
1,512,600
2,563,890
.
The following showa the quantities
maize aflmt to the United Kingdom
25s.
16,565,745
25a. lOd.
Id.
9d.
259. lid
268.
of wheat, flour and
:
TM» week.
Wheat
Flour, equal
Maize.
Last vieek.
2.550.000
150,000
1.820.000
2.635,000
175.000
1,355.000
qrs.
to qrs.
qra.
1903-4.
1,665,000
1902-3.
1.770.000
345,000
985,000
315,000
830.000
Enelisb Financial Harkets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Nov. 4:
Tu it.
Mon.
SaU
LOITDOH.
ounce
Ooneol8.,new,
d.
2H P. ota.
For aooonnt
Fr'ohrente8(lnParl8)fr.
Spanlah 48
2678
883,g
883ia
9a0o
& Santa Fe. 89%
Atch. Top.
Preferred
105
&
8t.
Paul... I77I4
Den. A Rio Or., com
Preferred
Erie, common
l8t preferred
&
Mexican Central
Mo. Kan. & Tex., com..
N. Y. Ontario & West-.
Norfolk & Western
Preferred
Northern Securities
Pennsylvania
Phila. & RpadiDg*
5%
6»8
88>a
105
8778
105
97
97 14
104%
104
47
I7714
17«
31
176%
-*
55
148
138 «
137%
741>8
73«4
94
ti4%
97 J3
Wabash
22>«
21^8
esi*
36i«
"B"
70
37%
45
41
62i«
>>
w
681*
18i«
I8I4
82
60 14
41
59%
71
37ia
4II4
4114
63
62%
35%
21H
86%
22
221a
44
>«
68^
69,840
606,598
43,660
15,200
655,200
136,900
172.800
Tot. wk. 1904
53'5,e6l
"e. 839,541
1.728 536
3,141,75^
"2,070.871
Same wk. '03.
dame wk. '03.
548.750
616,274
7.6«l,S20
3.714.814
4,839,376
8,704,931
10.195,017
2,595,016
4,633970
3,173,327
Toledo
6,800
Detroit
CleTeland ...
St. Louis ....
Peoria
Kansas City.
Since Aug. 1.
1904
1903
1903
Cleve.
.
A
,
.....
.
,
...
.
Orleans*.,
Norfolk
do
(extra)..
L. & San B'ran 2d
White Pass * Yukon
to
2'9
Dec
4
Not 16 Not
3
............
2
2
11
do
do pref
American Radiator, com (guar.)
«"<5* do
do
pref. (qaar)
N. Y. <6 Qaeens Eleo. L <fe P., pref...
Nlles-Berocnt-Pond, pref. (quar.)
People's Gas Light <fe Coke (quar.)
Pratt A Whitney, prel. (qaar.)
United Copper. pr«f
3
Deo
Not
Deo
Not
Deo
Not
Dec
1 Not
Dec 3l'Dec
do
do
(extra)
American Cotton
Oil,
do
f
com
1
1
IN Nov
Deo
Not
Not
\H Not
3
Not
21^
I'D
1"^
Payable to holders of voting trust oertifloates
books close from Nov. 33 to Nov. SO Inolnslve.
f
of
41,b52
TO)
39,748
24,000
440,276
365,66?
471.433
813,82S
3,340,746
eo«.«i3
2,3S».93t
.
.
of-
from Jau,
bush. 34.644,572
84,78.3,8S1
"
"
44.709.«4a
89,e87.e34
3.b«5.a«7
807,0^4
"
123.604,469
11
22
Not 10
Not 18
15 Not 9
25 Not 15
16 Not 9
15 Not 1
16
1,
...
22,318
1,04 '5,183
395.843
866,211
New
....
90.819
46,356
compare as
1902.
17.90?,822
1901.
18,844,178
114,486 762
1 4,982. 1^0
138,246,964
100,608,734
63,314,174
4,4&0.18a
3.46a.778
43.M4754
43,1*16.131
);,149.6S3
3,2b4.w5i
4,lw,«l6
3,d805i3
310.078,830
178.931.702
833.';5S.483
..
Jrleans for forelKO
to Oct. 29
88.191,314
-
,
Kdw York...
Portland, Me.
Osrn,
Flour.
kuth.
bbls.
34,i<34
348.335
18,060
3,180
e,i76
19,103
2,5«6
2,63^
47,290
ii.fbl
altlmor*
i.-zHJ
s«7r"5'rtNeW8
Mobile
4«w Orleans
700
16,161
76,769
196,954
IlO.644
Deo
1
to
Not
16
to
to
to
to
to
to
to
to
to
to
to
Not 30
Not 30
Deo 1
Dec 1
Deo 31
Not 16
Deo 1
Not 16
Not 26
Not 16
Nov 16
Wtth
* 0. AmerlOs.
Vist indlSB
•r.M.Am.Colo'i
niifi soBntriei
Total
fetal 1B08-08....
V.H8
K0,«26
81»8
2.4(9
96,727
867,347
Uoston.
Philadelphia
Baltimore
New Orieani
Stocks.
Wttk
Oct, 29
1.1004.
bblt
173.644
1.076,571
39, 122
35.316
16,792
230,932
treeh
Oct. 29
0\tth.
1,
19C4.
bui>).
68.824
402,297
4,713
16,b94
lO.UOO
1,880
6,842,184
4.634.088
66.874
311.967
73.S49
89,368
4,917,241
509.008
31^,681,541
l,4b;i,90J
10.499.005
20.6t4.68S
4.380.091
3.;iO0
28,478
2,283.833
178,644
5,377,801 3,S39, 106
Oorn,
Sln«« July
.
,
S4n*« July
1. 1904
buih,
686.317
609,762
816.r94
863,119
85.601
103.U»6
bUtX,
B«ri«t
k«ia.
133.000
1.483 000
153 000
138.000
ilB.'oOT
600.000
Ibl.xuO
806 OOO
168,000
186000
1,071,000
Do
210 000
79 000
«..
KOBtreai
roronto
nflalo
4,000
79 000
'«0,0(J6
65 000
73,000
183.000
4l'3.0()0
894,000
871.000
14.(00
.^. 1,566 003
l,8i9,6<M
afloat,.....,
Toledo
00
(jatt,
busk.
883.000
.^.
MireitoD
821000
116,000
1,264 000
"ii',666
1.066
680,000
108 000
878.bo6
38,666
04,000
8.085000
i.ioV.bod
6,153606
e4tf,b'o'6
18.000
"21,06*6
37'e.'(x>6
afloat
Do
3 N. Y. Produce Exch. Bk.l75i8
80 American Surety Co -..166ia
5 N. Y. Produce Exchange
28 N Y. vlutual Oas L Co. 300
Safe Deposit Co
265 1«
26 Title Ins. Co of N. y....l57
44 Title Oa <* Tr 00.55088 ."SSI %
25 Nat. Park Bank
528
10 U. 8. Flour Mill. Co., pf.$2 lot
115
12 Alliance Realty Co
26 Metropnl. Realty Co
96
130
10 Northern Nat. Bank
86 North River Ins. Co
200%
96 N.Amsterdam Nat.Bk.440-459
Pew No. 4<) Grace Oh'oh.$l ,560
1474
5 U.S. Trust Co
20 Am. Rxch Nat. BaDk.Z79 280
10 Lawyers' Mt«. Ins. Co.. 191
1 Chemical Nat. Bank
4310 171»B,oo Rich. L.& RR. Co.f 130 lot
25 Nat Bk. of Comirieroo ..2a0
3 Market & Fulton Mat Bk.262%
Bonds.
80 Bowling (ireenTraetC.).210
913,000 Rich Lt. & RR. Co.
76 Realty AsBoolates.
20
iBt Parohase Money 4a
138>s
91,834
Whtat.
,
SinteJuiv
0»r%,
iA«t«r««»-
New Tork
Do
afloat... ^
Oei.roU
:
34,233
The visible supply oi gram, comprising the stocks in
^anary at the prlnolpai points of accumulation at lake and
(•aboard ports, Oct. 29, 1904, wa« as follows:
record Nov. 21. Transfer
Anctlon Sales.— Among other securities the following not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Mailer & Son
Barley
ku«k.
101,855
loo destination of these exports tor the week and since
July 1, 1904, is as below:
1
6
7,534
17.812
3,5U0
8.i61
96,727
367,347
Mx9ort$ tot
11
15
Pi«i,
husk,
I6U
Total week.. 173,644
50ii,ii08
Sametlm«'08.2,3ii9,ll6 1,163,963
mi»K and <in«( OcU 29.
July 1 (•—
b'
Jnited SingdoiB
83.5150
Jsatlnent
30,466
10
tusk,
3,4ii4
4,661
4.902
S5,718
33,311
133,644
A|f«i
Oate.
bush.
77,9d0
29.000
a.lOU
40.000
Boston
Pklladelphla
t
11
11
....
69,934
77,263
1903
17,644 819
••
876
1.000
24,'iOO
9J3,lu6
1
1904.
«......l)bl8. 14,310,854
"
JIM
mm.
kttili.
347.fiiiO
3,500
21,760
tteoeipti
afloat
leiaaco
Stoekt.
42,43t«
29,3 ?0
4,650
9,062
9H.0OU
163.050
Wmut,
MiscellaneoiM.
Adams Express
for
29.0(10
1!,588
Mm9»rti from— hush.
Banks.
A^
People's, Brooklyn
336,969
207,89 J
403.888
The exports from Che several seuooard ports for the week
ending Oct. 29. ig04 are shown in the annexed statement:
4
Street Uailivays.
C.i Ry. <Si Elec, pref.
Washington (U
Mm
1
2tt,53S
#«eur.
17
pref. (qaar.)
,
140,770
10.445
Total sraln
SooJcs Closed.
Not
49l.
35,458
ttllM
19.13
.
ttye
(Days Inclusive.)
Deo
3
16.830
9,600
xi«rii»
')«t«.
58K.700
101.029
.
Wheat
681a
1
8
3
«
>>utlt.
212.426
74.660
...
....
week
;/ j
bnOi
137,3 in
1,334
40,000
3>
114,8»0
82,904
48,078
3.960
.
,„.
.
Oats
Barley
45
3
Mexican, Ist pref
N. Y. Philadelphia
do
do
Pennsylvania
96,300
33.'
42,'iOO
,
Corn
2314
Not
Not
213,20'
•v<eii..
..
Floor
971a
Holders of reo. Not
Do not close.
24 Oct 31
to
Not
Deo
Holders of reo. Not
Dec
Holders of rec. Not
Not 30 Holders of reo. Nov
3
<fe
•U'
fcbU
186,315
9,619
at—
113
Deo
Pittsburgh, guar, (quar.)
401,000
10,900
28 581141 3,S49,833
77 423 538 50.012.294 43,905,671 24,311,117 2,318,833
6 614 015 lin.4tP,79t 25 460 fl02 63,0^8.:-l94 19.39 i.on« 4,034,8'4
I'otal receipts at porta
follows for four years:
Railroads (Steam).
Delaware 8ugquehatina<& Schuylkill..
96,000
85.409,971 38,749 660 65,357.039
5,311,293
dontroal
When
268490
300 551
360 45C
do not inolade Krain passing throngh
ooni on thronsh bills of lading.
©ommcrciaX aixtX HXtscjellatxeottB^jeitrs
BITIDBNDS.
Per
53.081
134.158
6,820,274
ialTMton
Cent Payable
4:n.640
103.8C0
67.000
115 248
The receipts of dour and grain at the seaboard ports
week ended Oct. 29, 1904, foUow:
Total
Price per share.
JTonM of Company.
890 805
17.490
46.011
48,000
56,758
154.160
4,600
the
*
961a
2278
85B8
22
44
68
21,104
143,000
45
liaifl
97ifl
8858
504.460
505,988
316.880
Receipts
I12i«
97i«
84
23
45
69
543.555
13«.6i)<
Week 1903
119
96>«
1,09^,125
19,000
Galveston
Montreal
76 1«
96
iuf>l.48lbf BU.S6 lb».
lb:
695.250
New
4438
Bv*.
iJarlen.
Buih.32
860,680
1,823,536
9,864.300
205,745
104,547
1C8.818
.
Richmond
NewpoitNews
MobUe
41
138
70 la
33
45
OatM.
<Jnrn.
805,217
Ullwankee
Dalath
UlnneapoUs.
Baltimore
74
53
3214
35%
35
97
97
44 1«
l36Jfl
119
11478
97i«
2178
84%
L46ia
i37%
93
^
^
<
tt
c
45
41
41
40%
fVHeat.
171,613
92,S5j
Chloaf^
Boston,.
Portland. Me
Philadelphia
176
4058
7438
641^
146i«
44
75
96
Flour.
Bbii.l9eil)i Buih.Oait,
•
841a
ISSili
at^
.
31%
43 1«
Receipt*
Receipts
241s
32
85
18>«
3114
59i«
4II9
1
a
1391«
4314
38i>8
Preferred
U. 8. Steel Corp., com..
Preferred
146
137
iJ
42
70%
38
97
84
39 >s
78 >«
52
t-l
19>9
3258
6OI4
3878
45J4
a5i«
46 U
24I4
4078
74I4
Preferred
132ifl
46 »4
•2067
Breadstatft) Figmes Broauai from Page 2104. —The
statements below are prepared by us from figures collected
by the New York Produce tCxchange. The receipts at
Western lake and river ports for the week ending Oct. 29
and since Aug. 1, for each of the last three years have been:
New York
9713
97»a
133
4538
24
OD
"T^"
13178
25^
4188
Union Pacific
97 1«
^
^
133%
70 i4
Preferred
96J4
97%
98%
119ifl
2d preferred*
Southern Paolfle
Southern Rallw., com..
87Uig
8778
96ia
I20i«
Ist preferred*
98-20
89i«
fa
46%
74%
88
98-15
86I4
8608
19
33
00
Preferred
^6%
871^
86 >«
H
Nat.BR.of Mex.,l8tpf. 4213
N. Y. Cent. &; Hudson.. 138
Debenture
8713x6
85
1471a
Nashville. I3914
26i5ie
87%
2678
8788
9810
32ifl
76
55
2d preferred
Pri.
9305
32
86
Illinois Central
Louisville
26''8
88
88
97I4
& Ohio
98
Preferred
13338
Canadian Paolfle
46^
Chesapeake & Ohio
Ohio. Great Western... 25%
Ohio. Mil.
2615,B
Tkurt.
•—
5ie
Anaconda Mining
Baltimore
Wed,
—
_
Silver, per
.
THE CHRONICLE.
1904.
5,
5
Do
afloat
ttUwankec
00
4S8,ooo
6w5.b'o'6
afloat
Fon William
Port Arthor
?,118,OOC
i.»34 Ooo
Oaluth
4,828000
8,319,000
203,000
1.791000
(tioneapoiii
6.74(>,O0O
H. Lonls
8.158.00U
I.UUU
5,756.666
1,129,000
169.000
6.000
1,134.000
86,000
1.877.000
'31,000
sfloaf
Oi,
Do
afloat
SaoiaiOlty
laLakei
•
•analandriTer
Total
Total
Total
Total
Total
Oct.
Oou
Oct.
Not.
Nov.
39. 1904
%i, 1904
81. 1908
1.
a.
.
411,666
'69060
l.b42,000
107 009
3.000
873.000
^.„,^
i"-"^
104.000
779.000
661,000
i.as4,ooo
381,000
'000
Peoria.
IndianavelU
)nlfiSilisi»piBlT«r.
86.495,000
24,H35.000
8'^, 2 16.000
1903. .18.800.000
1001. .41.198,000
ii70,000
3.019.000
3.440.UOO
7.»a2.000
8,581.000
18,00^,000
23,909,000
21.485.000
8 U79.000
7,615,000
8.099,000
1.778.000
1,661,000
1.026.000
1.178.000
8.044,000
8.897,000
6,062,000
4,988.000
8,310,000
8,880,000
2
.
5
1
THE CHRONICLE.
2068
New York Citj Cleariu? House Banks.—Statemont of
oondition for tho week ending Oct. 29, 1001, ba.seJ on averago of daily results.
New York
City. Boston and Philadelphia Banks.— Kelow
of tlie weekly returns of the (Jlearing Uoui^iBanks of New York (Mty. Boston and Philadelphia. Tlie N«w
York figures do not include results for non-inember banks.
is
summary
a
amit two ciphers (00) in all canes.
tVe
BANKS.
[Vol. Lxxii.
Capital.
Surplus.
Loans.
Specie.
$
$
$
$
We omit two
Legals. iHepositi
Jten've.
m
$
P.O.
$
Capital d-
BAXKB
Loans.
Surj'lus.
cipli^rs (00) in all these lliinre^.
De-
Legals.
Specie.
posits,
N. V.
$
Oct 8 250,610,2 11459892 237,.^03,5 76,452,4
Oct 1 5 250,6Hi,2 1310134 237,715,(1 70..'i22,3
Oct 22 2:70,010,2 1137',i:!01 24o.215.;7 77.5-<7.0
Oct 29 250,016,2 1 14228001238,360,2 79,54'2,0
;
Bit. of N, Y.
Maiiluat. Co
ili-roliant.s'
Mt'ili.iuics'.
AiiK-nca
Plioeuix
City
...
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
..
3(10,0
Morch. Kx
Gnllatm
But. <fc Drov
Mech.d;Tra.
600,0
Clieiiiical
.
Greeiiwleli
Araer.Exch.
Commerce..
Mercantile
Pacific
Chatham
...
...
People's
N. America
Haiiover ...
IrvmK
Citizens'
..
Na.ssau
Mar.ik Fult.
Shoe&Lthr.
Com lixch
Orieutal ...
Imp. & Trad
.
Park
East River
Pom-th ....
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Fifth Ave..
German Ex.
Germania
..
Lincoln
GarfieUl
Fifth
Bk. of Met..
West
Side..
Seaboard
..
IstN.Eklyn
Liberty
N. Y. Pr.
New
Ex
Amst.
Aetor
1,000,0
300,0
70ls0
000,0
5,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
350,0
2,522,8
2,415,5
19,919,0
27,773,0
1,3(;4,7
17.
3,281,.^.
23,330.0
3,259,0
6,605,0
4,129,9
4,660,0
3,5.-0,4
26,2:;8,4
e,36';,4
•-TiO,-'
3,408,0
189,283,0
25,406,8
6,107,3
9,090,6
2,204,9
4,748,0
2,711,1
29,811,0
167,821,6
itiy.'.o
10.-..
7
17,657,2
7,691,0
358,7
2,202,7
123,0
357,7
539,0
4,271,8
11,873,1
4,361.5 23,300,'.
6j5,0
3,175,3
1,087,6
6.240,9
408,9
2.222,0
2,035,2 17.411,0
6,645,1 53,03(;,5
1,062,1
6,976.0
615,8 17,211,0
321,4
2,044,7
1,297,3
6.690,0
359,7
7,759,3
3,318,5 27,822,0
1.058,3
7.641,3
6,605,2 24,903.0
7,064,2 73,670,0
133,0
1,148.8
2,943,3 22.622.8
1,426,6
9.290,0
13,932,7 107,981.9
869,1
7.723,3
773,4
3,125,0
667,9
4,498,4
517,3
4,049,5
4,034,2 48,975,9
1,785,4
9,385,6
682.7
2,691,7
878,3
2,747,3
1,37(^1,2
12,122,1
1,284,1
7,752,4
379,2
2,608,9
1,456,3
8,407,2
528,y
3,585,0
1,409,6 10,445,0
601,1
4,002,0
1,932,4 11,488,8
518,3
5.450,5
554,7
6,047,9
572,5
4,453,0
45,894.2
(>,007,4
1,253,7
1,234,5
581,8
088,0
501 '.,9
3,500,0
27,475,1
4,290.2
5b2,8
821,5
340,0
2,013,1
12,543,2
1,154,0
4,331,0
297,0
1,331,0
2,000,1
4,174,0
1 ,342,9
4,162,0
15,891,0
275,3
4,480,5
1,113,0
29.645,5
1,355.1
413,0
912,7
793,5
13,028,6
2,392,1
200,7
429,4
1,328,1
1,575,8
410,8
2,018,2
656,0
3,199,0
724,0
2,323,1
998,1
968,8
827,0
2,009,0
2,197,0
1,337,2
l,(i3(;,o
19.799,0 26-6
33,196,0 26-7
25-2
24,577,0 25-6
29,702,1) 25 9
2,i»22,0 27-2
2,340,0
242.0
8.801.5 193,779,:; 281
1,845,8 26,272,0 325<;3,9
6,775.2 26-8
548,3
7,124,5 2 5
29,4
2,224,9 27-4
490,0
5,152.0 22-8
482,2
2.716.9 3(i-3
1,900,3 22,25-2.7 24-2
12,286,3 158,011,9 25-2
1,242,0 20,751,0 26-6
513.0
4,062,0 26-9
882.0
6,373,0 26-7
325,2
2,550,7 260
2,035,8 17.240.5 26-9
4,019,8 64,934,1 25-0
348.7
6,378,0 23-5
1.372,8 21,343,3 26-7
420,5
3.146,0 23-0
761,2
7,024,4 29-V
388,2
9,377,2 25-5
4,262,0 33,640,0 25-0
386,7
7,658,0 22-8
1,353,0 22,372.0 24-6
5,659,0 84,657,0 25-4
187,2
1,411,5 32-8
2,240,0 25,979.8 25-8
1,448,0 10,022,0 25-5
2,437,5 111,986,0 28-0
460,4
7,080.0 25-7
384,0
3,548.0 22-4
456,3
5,372,1 25-4
227.0
4,037,7 25-2
1,935,0 58,733,4 25-4
257,1 10,325,3 2.'>-6
635,0
3,252,9 25 -V
863,0
5,492,0 23-5
1,926,8 13,000,3 25-0
308,6
7,814,0 241
173,2
2,558,7 •22-8
396,9
9,831,9 24-5
331,0
4,015,0 24-5
1,574,0 19,416,0 24-5
1.274,0
4,972,0 401
24'J.O
10,103,4 25-4
342,4
5,803,0 231
554,8
6,987,1 21-9
190,0
4,247,0 239
t
Total United States deposits included, $23,361, 300.
Eeports of Non-Member Banks.
—The
following
the
statement of condition of the non-member banks for the
week ending Oct. 39, 1904, based on average of daily results.
We omit
1205276(1 41.T91,(
is
Oct
Oct 22
Oct 29
52,635,4 178.363,0
52,035,4 180.789.0
52,635,4 183,907,0
1
1.5; 5.867.
li;)97'l'i742,>90.8 1.^83,<i!l7.
12044342 43,218,9 1,931,550,M
5,335,0 225,251.0
17,839,0
:8,3«3,0
17,889,0
T.411.(
7.418.(t
139.0:28,4
5,094.(- 225.789,0
5,921,0 224,262,0
7,390,0
135,082,
KlIT.
Oct 15 48,167,1 207,910,0
71,583,0
258,739,0 11,611.0 119.002.;
25«.3«1,0 11,698.0 137,187.0
Oct 22 48,167,1 210,247,0
69,732,0
200,419.o|ll,6a8.0 12o,a61.8
70,201,0
Oct 29 48,167,1 211.769,0
t Including for Boston and Phila<lelphia the lt«ra "due toother luiiikH,
and also Government deposits. For Boston these Government deposit
amounted on Oct. 29 to $3,761,000 on Oct. 22 to $3,764,000.
'
;
—
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods
Oct. 87 and for the week ending for general merchandise
Oct. 28 also totals since beginning first week January.
;
FOREIGN IMPORTS.
For week.
1904.
Dry Goods
General Merchandise
TotaL
Since Jan.
1903.
1902.
OOs omitted.
tal.
plus.
invest-
Specie.
ments.
&Bank
notes.
$2,190,577
H. 210.598
$2,034,200
10.511,252
$2,259,392
9.407.838
$13,109,423
$13,407,175
$12,545,452
$11,067,230
$99,831,225 $109,742,745 $103,849,750
392,532.096 :S82,916,799 363,238,319
$88,769,310
1.
Dry Goods
General Mercliandise
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. 31, and from January 1 to date.
EXPORTS FROM
For the week
Previously reported..
Total 43 weeks
NEW YORK FOR THE WEEK.
1904.
1903.
$13,139,593
.'i!l2,35(),317
.i^ll,
:-i96.076,893
408.298.178
39:5.807.022
1902.
.$409,216,486 $420,648,495 $4')5,655,593 .$4:50.783.220
Note.— As the figures of exports as reported by tlie New York Custom
House from week to week frequently .sliow divergence from the monthly
compiled hy the Custom House, we shall from time to time ailju.^t
the totals by adding to or deducting from the amount "previously reported."
totals, also
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 29
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1902.
EXPORTS AND IMPORTS OF SPECIE AT
Columbia
..
14th Street.
Gansevoort.
Hamilton ..
Mt. Morris
Mutual
19th Ward
Plaza
Eiverside ..
State
12th Ward
23d Ward..
Yorkville ..
.
.
Fidelity
Jeltersou
Century
..
...
Wash.
Hijts
Uuileil Nat.
Consol. Nat.
Union Exch
Chelsea
b.x.
oi
$
$
243,1
100,0
291,8
300,0
110,7
100,0
81,9
200,0
123,3
200,0
118,9
250,0
193,0
200,0
200,0 195,8
245,0
100,0
100,6
100,0
082,2
100,0
114,3
200,0
100,0 105,4
285,3
100,0
12*2,5
200,0
400,0 304,0
03,3
100,0
135,2
100,0
130,2
1.000.0
1,000,0 1,129,9
517,4
750,0
61.1
100,0
^.
2.384,7
5,005,0
l,95o,2
2,038,2
3,114,7
2,197,4
2,768,2
1,921,2
2,996,0
1,232,8
7,782,0
1,763,0
1,370,6
1,905,6
844,3
2,275,0
713,2
678,6
2,115,7
3,903,0
4,707,9
414,1
$
$
70,3
259,0
82,7
14,1
157,9
118,0
23,4
42,3
170,0
15,2
518,0
40,0
55,9
44,0
12,9
200,9
174,0
9'.t,7
27,6
15,8
240,7
404,5
132,0
24,9
116,3
115,6
98,9
285,6
171.3
101,0
93,3
258,0
210,0
173,1
303,8
50,2
77,3
35,3
15,9
62,3
39,8
200,4
13,0
18,5
234,0
8,4
$
328,7
452,0
194,0
120,0
90.9
201,7
131,0
153,0
481,0
()2,0
$
376,4
.
..
Mlrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
..
Nortli Side.
Peoples
17 th Ward
.
Si)rai;ueNat
Union
Walla Ijout
Borough
3,5
18,6
60,4
300,0
55,6
55,5
356,1
170,9
268,0 1,143,0
249,0
143,8
200,7
232,0
235,0
69,4
255,0
o,<
43,3
98,3
100,0
92,2
298,6
75,0
814,0
35,6
26,0
2,42(;,0
833,9
2.139,8
77y,6
557,9
1.257,7
2,494,0
5,085,7
433,9
.
...
63,3
741,5
589,9
162,2
184,7
89,6
233,8
116,0
84,4
91,8
2,:U9,1
1,568,2
3,213.2
7,352,5
1.170,5
5,474.0
3,324,0
1,255,5
1,509,0
058,0
1,273,0
1,173,4
805,0
1,699,6
110,8
780,1
67,1
400,0 1,057,6
3,837,1
190,1
250,0
250,0
200,0
651,8
261,1
292,3
2,270,1
1,251,3
1,43'2,2
72,8
0?,4
29,1
C6,7
15,8
80,0
144,3
229,3
479,5
4,9
1,810.0
1,120,7
1,758.9
110,0
125,0
539.8
155,0
2,394,7
1,173,0
212,4
54,8
39,0
30,1
227,8 1,421,8
51.5
65,2
3.747.9
1.151.6
150,0
300,0
25'2,0
500,0
100,0
300,0
800,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
337.0
161,3
581,0
407,2
12>^.0
69,1
347.9
212.8
20,1
75,0
594,0
97,9
340,0
401,0
83,7
135,9
54,2
25.0
89,2
28,0
110,9
10,0
9.7
200,0
129.0
17,2
63,7
11.5
141,0
44,0
47,5
243,2
458.8
708,8
909,1
211,9
780,0
828,0
45,0
153,0
73,9
296,0
160,7
53.2
146,0
31,0
51,2
93,3
2.470,9
1,979,0
3,900,6
9.009,9
28,0
331,0
17 '2.51
108,2
109.0
35,0
487,8
153.5
90,8
5,700,0
4,451.0
1,351,3
1,830,8
739,7
1.437.0
1.657.2
925.0
1,833,3
NEW YORK
IMPOKTS.
Since Jan.
1.
Week.
Since Jan.
I.
$2,030,503
1.253,054
"i",4'oo
7,2"3()l8o"i
2,000
9,040
42
4,14;»,915
All other countries
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
007,979
42,558,180
2. 710, (147
1 033 993
054,372
y5 441
$7i4(m
2,415
30,640
1,612.395
949,(5^9
3.042
$3,296,639 $77,222,312
8,00(1
32,955,218
3,431
26,234,416
1 1
$40,458
19,370
37,404
2.
1
86
$8,20:5,014
4 210 530
5,123,779
$186,600 $29,0,!^8,862
$535
1,596.369
25.800
9,185
10,511
France
Germany
West Indies
""""475
156 '.iSa
451,821
216 550
47.173
2(16.218
$"i6",2"6"8
48,000
1,399.825
11.381
6,162
20,571
$1.88,033 $32,377,055
$43,001
$892,161
1.704
4.095
l,:-!'.iii,585
Mexico
South America
""""958
All other countries
Total 1904
Total 1003
Total 1902
$2,047,346
.^21,
941.885
711,915
26,090,878
28.367.2:50
998.
ml
Of the above imports for the week in 1904, $4,713 were
American gold (^oin and $4,725 American silver coin. Of the
exports during tlie same time, S12,140 were American gold
com and §
were Americjan silver coin.
Aaction Sales.
—See page preceding.
1,3'J4,7
^anUing
ixntX
ltiuaucial>
Spencer Trask
&
Co.
Monthly Descriptive List of Hio;h-Gra(Je
INVESTMENT BONDS.
Jlorouyhof
Hichviond.
lstNat.,S.I.
100,0
239,2
886,6
JkuseyCity
First Nat...
^
325,4 1,783,4 1,443,1
6,117.4
Hud.son Oo,
Nation.al
Great Britain
Mexico
$
3,048,1
5,392,0
2,200,5
2,204,2
3,540,9
2,859,2
2,905,6
2,333,9
3,464,0
1,386,2
9,419,0
2,232,0
1,885,9
llrooklyn.
Brooklyn
Week.
Germany
West Indies
Morouyh
Broadway
Gold.
IiYance
Colonial
I
1901.
$9,210,053
421.567.107
84.8,571
Clear'!/
N. Y. CITY.
Boroughs of
Man&Br'nx
372.5l2.?v.)
$492,363,321 $492,059,544 $467.088,0ti9 $461, 281, 49(5
Total 43 weeks
Net
Other Deposits
Agent. Hks.&c
1901.
$2,120,510
10,988,913
two ciphers (00) in all cases.
Leg. T.
14.-..139. J
LMiila.
Deposit with
Capi-
i.713.'-.12.-
11H32377I42,288,0
Exports.
BANKS.
C^aringt.
21, 02'.-,
Total... 115,972,7 134,643,5 11422S66 238,360,2 79.542,0 12044342 26-3
t
Cirnt.-
lalton
t
.
Second >;at.
Third Nat..
69,3
11,2
HonOKEN.
First Nat...
Second Nat.
Tot. Oct 29 102370 122796 1001684 4.581.4 5.8ill,2 131008 ,•^,015.0 1142370
Tot. Oct 22 102370 122796 119,765,2 4.551.2 5.984.0 140475 7.954.5 1157013
Tot. Oct 15 101370 122185 98,701,5 4,525,0 6,100,9 141614 7,942,0 115203V
Transact a cenerai banking business and execute
stock and bond orders upon the
New York Stock Exchange.
Branch Office, Albany, N.Y.
"^Villiam
Moffat
and Pine
St.>-\,
New York»
& VV^hite,
members New Vork Stock Exchanue,
1 -NASSAU STKKET. CORNER WALL.
I>calcrf4 in Duvcstmcnt Securities.
TeL, 58;it:«3821 Cortlandt.
Telephone S:ock8 a Spe«laltr«
.
KOV.
5.
1
THE CHRONICLE
1904.]
For Ditidendi
tti
page
2067.
WAIiL. STREET. FRIDAV, NOV, 4, l»04.-5 P. M.
The Money Market and Financial Situation.— A feeling
20(i9
per day, and were somewhat better distributed. Union
Pacific convertible 4s have continued to be the prominent
feature. Central of Georgia issues have been the notably
strong features, showing gains of from nearly 5 to \Q% and
16 points for the 1st, 2d and 3d incomes, respectively.
United States Bonds.— Sales of Government bonds at
adjustment of the English- the Board are limited to $1,000 4s, coup., 1907, at 106 j^, and
Russo affair and the announcement of large gold shipments $500 Ss, coup., 190S-18, at IM}4, The following are the daily
had a depressing effect upon the security markets early in closing quotations; for yearly range see third page following:
the week. Later the markets displayed more or less of the
Inttrtat Get.
Oct.
Nov. Nov. Nov. Nov.
usual pro-election tendency. They have been decidedly ir4
39
31
3
4
1
regular in tone, prices have fluctuated widely, and interest
-Jan '104*« '104»4 104*4 '104»4 *104»8*104"b
registered
in the markets, measured by the volume of business, has Is, 1980
of uncertainty as to the peaceful
>
steadily decreased. It is well known that current prices for
securities make them much more susceptible to any adverse
influence than they recently were, so that this week's decline has not been a surprise to many who are interested in
the market. It now seems likely that European diplomatic
relations will be satisfactorily adjusted without further disturbance, but the matter is so momentous that until it is
finally settled it will doubtless have a tendency to restrict
operations on the long side of the market.
Gold exports to Europe for the week, amounting to $5,519,000, and $2,000,000 to Cuba, are not as large as at first
reported, some of the engagements having been canceled
on the more peaceful outlook abroad, and the foreign ex-
change market
The money market has remained
is easier.
practically undisturbed.
The open market rates for oall loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
(rem 3 to 23^ p. c. To-day's rates on oall were 3 to 2]^
Prime oommerolal paper quoted at 4@4)^ p. 0. tor
p. 0.
endorsements and ^@^% P- c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease In bullion of £8,157,516 and the percentage of reserve to liabilities was 53-12, against 5388 last week,
the discount rate remaining unchanged at 3 per cent. The
Bank of France shows a decrease of 13,375,000 francs in
gold and 3,000,000 francs In silver.
HHW TORK OITT Ot,BARINO-HOU8B BANKS.
JHfftrtnoM
1904
29
pr**ioua
Oct.
v>t4lt
9
t
'W/8
Nov. 1
1903
from
Oct.
31
9
9
116,972,700
134,643.600
Lmks a dlseonntg 1,142,286,600 Ino"4,'36'6,200
43.248,900 IBO
258,100
Olreulation
'1,204. 4 34.200 Ino 4.637,600
Net deposits
........
238,360,200 Deo 1,865,300
Bpeoie
Legal temders
79,642,000 Inc 1,964,400
116.672,700
129.874,300
911,608,500
46.893,9)0
885,616,600
164,683.800
66,894 600
100,672.700
117.667,000
878,609.700
42,093,900
893,791,200
174,524,000
70,262,900
Beierveheld
16 p. 0. ot deposits
331,678,300
231,404,160
244,786,900
223,447,800
O&pital
Bnrpltis
.••...••..
317,902,200 Inc
801,108,660 Ine
99,100
1,169,376
10.274,160
16,793,650 Dec 1.060,276
21.889,100
Sarplns reserve
'923.361,300 United States aeposlts Inolnded, against $23,322,200 last
week and $37,166,800 the corresponding week ol 1903. With these
United States'leposltsellmtnated.tbesarplnsreseryewoald t>e $22,633,976
on Oct. 29 and $23,684,476 on Oct. 22.
MOTB.—Returnsol separate banks appear on the preceding page.
Foreign Exchange.— The foreign exchange rates were lower
'this week, the demand for remittance having been in great
part satisfied by the export to Paris of $5,519,391 gold;
§3,000,000 gold was shipped to Cuba.
To-day's (Friday's) nominal rates for sterling exchange
were 4 843^ for sixtv day and 4 87 for sight.
Today's (Friday's) actual rates for sterling exchange were
4 8375@4 8380 for long, 4 8640@4 8645 for short and 4 8680@
4 8685 for cables. Commercial on banks, 4 8330@4 8310, and
documents for payment, 4 S2%@i 84. Cotton for payment,
4 823^@4 83; cotton for acceptance, 4 8330@4 8340, and grain
for payment, 4 83J^@4 81.
To-day's (Friday's) actual rates for Paris bankers' francs
were b\S%@^\m* for long and 5 16i^t@5 163^ for short.
Germany bankers' marks were 94^@94 15-16 for long and
95 9-16fi(*95 9-16 for short. Amsterdam bankers' guilders were
40i^Tr@40 3-16* for long and 40M*@40%t for short.
Exchange at Paris on London to-day, 35 f. ll^c; week's
range, 25 f. 12e. high and 25 f. lie. low.
The week's range for exchange rates follows
-Long.Bterling Actual—
High... 4 8410
4 8416
Low. .. 4 8376
4 8380
®
®
I
I
-Short.I
4 8670
4
|
8616
J'arit Bankers' Francs—
High... 16 IS"*'^6 18^
6 leogt
Low... |6 1ia4
'a6 18>s«
6 16'*»
Qtrmany Bankers' Marks—
High...
-ai
96
96081
94»».e
Low....
94»8
® 94i»ie
P5»i>
Arr^terdam Bankers' GuildtrsHigh...
40Vi
» 408,g<
40'%
I
I
I
I
I
I
I
I^W... .
I
40»9i;
®
I
403igf
I
40H»
-©
'9
-Cables.-
4 8676
4 8630
©5
®
161^'
5 leSl'
I
|
4 8705
4 8660
®
'9
4 8710
4 6670
I
I
ot 1%.
18,1918, small.reglstered
conpon
Is, 1918, small
registered
48, 1907
Is,
is.
ts,
1907
1936
1936
coupon
registered
-Jan '104>4 '104>4 '104»4 104»4 lOiV'lOi'^
-Feh '104 <% *104»8 '104<^ '104«s
Feb nobH '106% *X34«8 '104"^
-Feb
-Feb noi" *i06"' *xY04 •i04>i
-Jan
'106H '106 »s 'ice's
-Jan '1064 '106 Hi 106 >9 *106»a
-Feb *130<^ *180«^ •180<>» '180^
-Feb *181"8 •131'^ *x'?0<\, '180%
•a 95«fe
I
ti)
96»i«t
I
'9
40!%'*
I
4038'
I
®
:
1|
premium.
State and Railroad Bonds.- No sales of State bonds have
been reported at the Board this week.
The transactions in railway bonds have not been as heavy
aa last week, but have averaged about $6,000,000 par value
'104H *104>t>
•1041a 'lei's
*ib4>i
'106 "4 'loe"*
'106 >< *106>4
•ioi'i*
•1801-j'
•1801^
1R0>9 •ISO's
'TUsta tbe pnoe bid at the momlng board: no s«t< was made.
coupon
Railroad and Miscellaneoas Stocks.— On a steadily declining volume of business the stock market has been irregular
but generally weak. Daily transactions a re still larger than
the average, however, and on Wednesday there was a
reaction from the rather sharp decline of the previous
days. This reaction was led by a few specialties, mostly
industrial issues, and has been followed by a good deal of
irregularity in both railway and miscellaneous stocks. Erie
has been one of the active features, about 330,00 ) shares having been traded in on Wednesday, but it fluctuated over a
narrow range and closes fractionally lower. Union Pacific
has continued prominent, registering on Monday the highest
Rock Island has baen in special
quotation of the year.
demand and is one of the few railway issues that close with
a net gain. Lackawanna has lost 14 points of its unusual
advance noted at the close last week. The local transportation shares were active and have fluctuated widely. Pennsylvania has covered a range of over 3 points.
As noted above, industrial stocks have occupied a more
prominent place than usual and many show substantial
Among the latter are the steel and iron issues,
gains.
the copper stocks and American Sugar Refining. United
States Steel, both common and preferred, have been in
urgent demand to-day at advancing prices. They close at
the highest 243^ and 83, respectively. Anaconda mining
advanced 7 points and holds most of the gain. American Smelting
Refining advanced 5]^ points, a large part
of which it retains. Other less prominent issues have been
more active than usual, with varying results.
For daily volume of business seepage 2078,
The following sales have occurred this week of shares not
represented in our detailed list on the pasres which follow.
—
&
8TOOK8
Hal*s
Wttn XnAing Nov. 4
Week
/LlUs-Chalmers Co
Preferred
Amer Beet Sugar
Preferred
Am
Steel Foundries
Preferred..-
Amer Tobac Co
300
660
4U0
aoo
2.930
1.400
946
A8800 Merchants. Ist prJ 226
Ciinadian Pacitlo rights. 14,200
(old) pf .
Clave Loralu <& Wheel...
General Chemical, pref..
Homestake Mining
Nat Enam <fe Stamping..
RB
Securities 111 Cent'l
stock truBt certificates
Standard Mining
nnlted Fruit Co
U 8 Beduo & Befln'g, pt
Va Iron f"o»l & Coke.
S»ng4 for Wttk
for
300
100
110
200
13''eOot29
Smngt Hne»Ja».
14 Cot 31
60>aOot 31
24 Nov 4
76 Nov 4
6
2.
Mar 16 Feb
sgJaMar 64'8Feb
19 Sep 24 Got
74 Sep 76 Nov
Nov 2
9iaNov
9iaNov 4
.s»«J'ne
8 Oct 29
36 Nov 2 38 Nov 3 26 J'ly 39 Sep
144 Nov
144*4O0t 31 130"4Feb 147 Sep
91 Nov
91»sNov 4 80 Oct 92"9Apr
6i,Nov
6»40ot
6»40ct31
5 Oct
60 J'ly 72 Nov
70 Nov
72 Nov 2
96 Nov
96 Nov 3 94 Feb 96 Mar
i6 Nov
49>aMar eeisNov
66'iiNov 3
17'40ct31 17 34 Nov 2 14 Sep 21 Jan
68'eNov 4
Oct 3
23
76
490 88^4 Oct 81 SgiaNov 4 86 Feb 93 Ma;
100 200 Oct 31 2 00 Oct 31 2-00 Aug 2-76 Apr
960 104 Nov 1 l(i5»«Nov 4 96 Feb ll2)sJ''ne
100 ae-uNov 3 Sfli^Nov 8 36SNOV 36»«Nov
450 26 Got 81 27 Nov 3
laVzSep 27 Got
—A striking advance to the highest price
Greene Consolidated Copper, wnich was attended by considerable animation, was by far the overshadowing feature of the trading in the market for unlisted
securities this week. The stock advanced from 20^^^ to 26}^
on reports of improvement in the copper trade, but
Ont8td«4 Mrtrhet.
for the year in
subsequently reacted to 24; the close to-day was at 243^.
Tennessee Copper rose i}4 points, to 33^. but to-day it
fell back to 31i^.
Interborough Rapid Transit declined
9 points, to 150, but
the
recovered again to 1541;^
last sale to-day was at 153};^
the weakness in these
shares was probably caused by the difficulties encountered
in the early stages of the operation of the Subway. There
has been a decided falling off in the dealings in Northern
Securities stock, total transactions aggregating less than
30,000 shares, against more than double that amount last
week; after a gain of 1}4 points, to 118, the price sank to
141%, later there was a recovery to 115'^ and the final sile
today was at 115J^. Wabash Pittsburgh Terminal 2d 4s
have been active and strong, the price advancing '6% pointsErie con.
to 465i; to-day there was a reaction to 45J^,
vertible 4s fell off ''4, to 91}^, but subsequently ran up to 93.
and closed
Standard Oil fluctuated between 647 and 649
to-day at 647i^. American Can Preferred declined 1% points,
the last sale
to 46, early in the week and then rose to 4913
to-day was at 48%; the common moved between 5''^ and 7^
and ended the week at 7. Phomiix Mining sank from 17c. to
12c., closing to-day at the low figure.
Outside quotations will be found on page 3078.
;
;
t H* of 1%. % »,, of 1%.
he
Plus
ii, of 1%. •• i** ot 1%.
The following were the rates for domestic exchange on
New fork at the under-mentioned cities to-day: Savannah,
buying, 50o. per $1,000 discount; selling, 75c. per $1,000 premium; Ch)irle8ton, 13140. per $1,000 premium; New Orleans,
bank, 65^. per |1,(jOO discount; oommerolal, $1 00 per
$1,000 discount; Chicago, 5c. per $1,000 rtieconnt; bt. Louis,
10c, per $1,000 discount; San Francisco, $1 00 per $1,000
Less:
*
ooapon
38,1980
S8,1980,8maJ.ieglBtered
coupon
38, 1980, small
registered
18,1918
coupon
18,1918
f^i^
;
4
.
2
..
51
.
.
1
i070
New York
Stock Exchangi&— Stock Record, Daily, Weekly and Yearly
OCCUPYIN<; TWO PAREM
UTOCICS—JiJdJtAUr jlMD LOWJitil' SALJi PRICJm
Monday
Saturday
Oct. 29
•30
•60
87
n
Oct.
•30
•60
82
64
87
H)
10-2 »8 U>2'.
32
tl4
86T8
101^4
140\ 139
94^8
y.'>
9tS
9ti
67-'4
•160
•167
16.-.
-82
8SV.
ISO's \:m\
'67 'a tiit
185 187
4638 46',
•37
3M
80 84
•190
210
145
25 »<
87
68
35
•l'J8
141
•96
96
65:'4
155
167
1511
87»<
lo'J-\,
6S"k
159
1G3
128Kil307e
68'<i esHi
184'4 ISO's
44='4
•37
46',
39
84
210
80
190
23
25 3^
Wednetday
I'ufBday
Nov. 1
•30
'60
Nov. 2
H4»» 8638
101 101 ly
13!)
140
92 "< 94 >4
•80
190
210
145
H,
103p
25 '4
26^
22>-:
9's
98,
11
»a
84^8
•110
22^4
55
30-4
185
320
.
12
150
190
85
....
23 Jg
65
30 ^
186^4
329
31>2
31
83
83
26
»24
5
>v
5
8I4
8
7488 7434
Vlhi 12^4
20'a 21't2
40
73
53
•68
•75
•42
•191
40^4
73 "v
53»<
....
198
&i^
•
18^8 19^6
82'8 82',
•89
893,
14334 144 "i
28
28 >4
iP"*
•363*
4915
•79
29
603(
171a
•47
S3
37
79 "a
2912
61
17'8
51
35
9^
12>2
2512
lO^B
19 J,
140
59>8 69 »«
•94
97
93 >4 95
148 »a 160
ai^g 32 Ht
58 ^a 59
104 "58 105 >»
132 132
183«
4«34
403,
22 >4 22 >4
13i>3 136 >3
37
•110 116
•68
73
•193 194
42 >a 44>i2
72 H. 72^6
93
93
7434
7815
•94 103
83
83
137 138
•26 >9 27
•76
80
73
•101
73
104
434
8>4
434
8',
7412 743<
ll'e 120,
19 Hi 21 14
3818 403^
71
73 Hi
Sl^a
533,
•58
•75
• 42
191
83
•11
19
37I4
7OH2
6O34
84\
1934
2012
18
82
82 Vj
198
•88'u 89 Hi
14334 144 12
27'i 27',
4834 49i«
150
190
147
186
1008
2134
9»8
2i
9^6
H7I4
79Hi
19
I918
140
69
97
94 Hi
149
30^9 32%
5734 59
102 Sb 1051,
131 132
381a 41'«
•2112 22 Hi
33
64
86 14
102
•30
•60
140 Hi 1403,
U438 95 H)
95
95
140
101
Hi
83
Arbor
Ann
64
IJo preJ
85% 85 'l Atch. Topcka
101410134
944
Week
fiKarti
Do
73>4
93
93
76
•»4
82
136
26 Hi
•75
•73
101
78Hj
196
82
19
i)ref
4,!)00 104
3434
36
80
29 14
170
182
14
150
190
9I4
51't
17H»
61
32
105
245
60
133
7234
"
8712 88
81 H2 81 H(
3234 3514
7534
75
12
H.
50
300
&
....
199
'191
196
•SO Hi....
84
84
19
5118
•15
•47
•32
• 100
•255
•56
52
17H2
51
36
105
"69"
17
130
58
•93
86
144
29 14
57
82
18
140
60
9S
92
146
17 H» 18
•130
94
130 133
39 Hi 40
22I4
•20
132«8l34Hi
&
39%
•20
•110
•69
193
73
101
7034
83
89
'SO
88
1424143
2734
2734
484
491.
Do
DuJuth
76>s
104
82
136413714
73»,
87Hj 87 Hi
•79Hj 80 Hj
3138 3334
72 1« 73 Hi
255
35
•100
•265
bS
""5"9"
06
1614
161
83
35
110
"'6"8
132% 133
I3214 134
404
424 43%
72I4 734
73 14
74%
22
42% 424
72% 73
79% 80 4
•98
83%
80 4
105
7934
•98
104
83
77%
3438
3934
135%
37
37
36
36
116 •110 116
•68
74
70
75
1934Sl»4i« 19334 {194%
80
80
3934
110
77
76
101
8734
B
Hocking Valley.
Do pref.
1,000
300
10,295
1,300
1,450
illinois Central.
Lowa Central.
200
3,100
3,300
7,900
Lake
Erie
Do
L.
<&
200
"306
Western...
pref
Shore
&
Mich. South'n
li»
200
Long Island
Louiaville
&
35,41u
Nashville...
.
134'«1354 135
•76
8734
100
60
56U
cif.A
ctl.
83% 83%
Xl34%135%
•244 26
•75
"'
76
104
72% 74
•87
88
8080
80
•70
101
76
•87
•79
88
80
1034
724 73%
33% 34%
734 744
334 34
73
7334
Michigan Central
Minneapobs & St.
Do
36
.Ian
.Mav
17
4 Jan
Marl4 964Augll
Marl4 130% Oct 21
Jan 15 174 Jan 4
Mar
59 4 Sep t
1934 Oct 25
9
Apr 23
1
3
138
6734
80 J'ly 29 96 4 Sep 16
18,416 55 Jan 4 95 Oct 29
4,593 116 May 2 150 Oct 29
48,635 14%Feb24 32% Oct 25
Mo.
18,200 32 % J'ne 1 59% Oct 25
Do pref
125,325 87 Feb
Missouri PaciUe
105% Oct lb
300 1014Feb24 137 Oct 17
T^ ash. Cliatt. & St. Louis
2.200 3434 Feb 25 42% Oct 24
at. of Mex, non-ciun.pf
600 15% Feb 25 22% Oct 25
Do 2d pref
N. Y. Central & Hudson.. 44,892 112%Mari2 136 4 Oct 26
400 25 Mayl6 38% Oct 24
N. Y. Chic. <fe St. Louis.
Do Istpref
101 4 Moyl2 113 Oct 1
Do 2d pref
60 J'uel4 71% Oct 19
1,872 {185% May 19 199 Oct 21
N. Y. N. Haven & Hartf
N. Y. Ontario & Western. 66,410 19%Marl4 47% Oct 26
Norfolk & Western
30,255 53 4Marl2 7334 Oct 19
200 88 May 6 93 Oct 17
Do adjustment pref.
Northern Central
100 150 J'nel4 195 Sep 27
10,450 61 Feb 24 80 4 Nov 3
Pa«ilio Coast Co
Do Istpref
95 J'ly 26 lol Sep 28
Do 2d pref
2,400 61% Jan 12 »434 Nov 2
Pennsylvania
390,910 1114Marl2 138 4 Oct 31
reoria<& Eastern
300 17 Marl6 27 Oct 25
Pcre Marquette
74%J'ne 9 81% Jan 23
Do pref
624 ioS .May31 78% Oct 25
PiUsb. Gin. Chic. <fc St. L.
300 56 Apr 20 77 Oct 14
90 April 106 Sep 15
Da pref
Reading, vot'g tr. ctfs.. 243,500 3834 MarU 7734 Oct 21
1st pref. vot. tr. ctfs...
1,205 76 Mar 1 88% Oct 21
2d pref. vot'g tr. ctfs.
500 55% Feb 25 82 Oct 21
Rock Island Company
556,625 19% Marll 35% Oct 31
Do pref
23,750 5734 Jan 6 75 4 Oct 15
Rutland, pret
30 Apr 22 55 Oct 27
pref
S. P.
Do
10
23
62 % Apr
44 J 'ly
39 4 J'ly
Feb
74
64% Feb
704J'ly 128%
Jail
Dec
51 4 Dec
Jan
Jan
99% Sep 142% Jan
17
84
Feb 26 102
Jan 18 41
& S. S. Mane.
Kansas & Texaa
Minn.
7
Aug 20% Jan
Nov 3934 Jan
Oct 90 Jan
Aug 194 Feb
Nov 29% Feb
Aug 42% Jan
66 4 Jan 2
724 Jan
82 Nov 2 78 Aug 91 Jan
Mayl2 54 Feb 3 31 Sep 7434 Feb
160 Oct 209 Jan
170 Marl 7 196 Nov
70 Anglo 85 Nov 4 73 Dec 86 Jan
11 J'ne 1 204 Oct 31
10 Aug 274 Jan
63 Sep 106 4 Feb
60 May24 8434 Sep
77 Marl 2 91 Aug30 77 Oct 99% Mar
12534 Feb 24 145% Oct 25 125%J'ly 151
Jan
14 J'ne 4 29 4 Oct 20 16 J'ly 48 Jan
32 Feb25 51%Oct 19 304 Oct 77% Jan
22 4 May 9 3634 Oct 20 25 % Oct 47 4 Jan
64% J'ne 1 804 Oct 24 62% Oct 8234 Feb
16 4 Feb 24 30 Oct 31 164 Oct 36% Jan
31 Feb 29 53 Oct 31 29 Oct 61%Jan
104Janll" 19% Apr 12 10 Oct 40 Mat
52 Apria 48
45 4 Apr
._ J'ly
- .„ {65
Apr
26 Marll 36 Oct 22 23 4 Nov 63 Jan
85 J'nel7 105 Oct 18 89 Not 118 Feb
{245 Nov 1 {27134 Feb 24 275 Dec 334 4 Jan
46 Mayl" 5934 Oct 17 49 Dec 83 Jan
Feb23 137 4 Oct 1
101
95 Sep 130 4JaD
13934 Marl2 164 Oct 22 126% Sep 'l554Jan
32 {1194 Feb
500 40 J'ne
L/Ouis
734
14
65
J'lyl5
Feb 23
54
72
40
I6I34 I6I34 \j\ anhattan Elevated .
19,1)10
i'J-etrop. Secur., sub. rec. 27,050 72%
144,500 10434
Metropolitan Street
Met. West Side El. (Chic)
16
45
Do pref
32,885
174 173. Mexican Central
5
17% 18%
80
32^8
deb.
81% 83
1224123%
8314
12334 125
7618 77
80
Do
<fc
136% 138
•244 26
•70
75
101 104
7318 74
73
105
10,050
2,425
291
Great Northern, pref
Green Bay<feW..deb.
Sep
214Mnyl6 41% Oct
55%May31 74% Oct 22
33 May 16 54% Oct 24
2-J,l9u
•7934
35
105
35
•100
26
•25
•76
26
70
&
473,
80%
•204 224 -20
95
179
7734 80
•94 104
82 4 8434
Shore
So.
36
79 14
•3334
•90
179
ctf.'*
pref. vot. tr. ctls.
12
85 4 Jan
46% Feb
183% Jan
194% Jan
224 4 Jan
260 Jan
200% Jan
162 Jan
194 Jan
Aug 19% Jan
15
15
l%J'ne27 1434 Jan 23
234 J'ueiiT 29 4 Jan 25
60%J'uel6 76 Nov 4
5 % J'ne 3 12% Oct 31
9% AuglO 21 Hi Oct 29
l,yoo
1,400
4,315
1,525
Atl..
3,100
681,890
tr.
8
1^1
90"fcJan
10%Oct3ll
3
May24 40 Aug31 30
J'lyll
4
}184 -Maj
138% Jan
293^ Jan
29
May 5034 Jan
68 4Maylt 86% Oct 15 66 Aug 9936 Jan
100 Feb b 112 Oct 18 112 Dec 119 Jan
12,205 13 4 J'ne 1 23% Oct 24
10 J'ly 314 Jan
3,525 48 J'ne 1 58 4 Jan 2.'
444 Aug 72 Jan
17,12f 17%1'ue 7 33% Nov 3 17 Aug 48 Jan
26,677 149 Marl'2 18634 Oct 29 149 AUE 183 4 Feb
l.sOO 2504 Feb 23 329 Oct
230 J'ly 276 4 Jan
25u 18 Mai-14 32% Oct 26 18 Oct 43 Feb
1,613 644 Feb 24 84% Oct 22 62 Nov 904 Feb
600 19 4J''in 7 26 Oct
12 Sep 47 % Jan
Do pref.
48%
344 364 Kanawha (& Michigan.
C.Ft.S.cfeM.,tr. cts. pf<l
80%
29
29% 293,
29 Kansas City So. vot. tr. ..
51% 62
60% 51
Do pief. vot. tr. ctfs
•15
174 "15
174 Keokuk Des Moines...
•47
•47
61
61
Do pref..
35
23
116
74
Detroit South. vot.
Detroit United
196
85
35
19
19
•80
83
87 4 89
142 414234
•27
27"
39*4
193>4
42I4 4234
71i» 72Hi
70«B 713,
26
}70
43,
5% Aug31 1234 Jan
114Aug31 264 Jan
10,125
25,535
26,190
1,600
779
Chicago Union Traction.
76
191
140
133S4 135
•3434 37
36Ha
116
72
193
43
434
84
75
•11
}130 130 }133 133
•58
69H» 5934 •67
60
60
•94
98
•94
•94
98
98
90 14 937,
92% 9334 914 93
146 H» 149
149 149
148'4l483,
30
315,
31
304 31%
30'e
67Hi 5dHi
5334 69%
68% 69 It
102^10314 102% 10334 10234 104
129 133
130 133 •131 1324
3118
583b
I0II4 10338
75Hj
83^,
19
•-'3«
3,3:i4
Chic. Rock Isl'd
Pacilic
Chic. St. P. .Minn.
Om.
Do pref
103, Chicago Terin'l Transfer.
234
Do pref
151
190
9%
I
'.^
5,^00
156,003
184 134 •1«4 20
Do pref
38% 40
384 40 I7rie.
7134 72%
72
724 r!j;Do Istpref
514 5134 52
52\
Do 2d pref
6214 62 14 «62% 62% Kvansv. & Terre Haute.
•82
•80
85
85
Do pref
•42
*42
Ft. Worth&Den. C.stmp
193
12214 12438
13434 136^8
88
12
161"8
138Hi
76
105
5
9
75
SO's 82
1201412214
•94
81
26 Hj
80
4%
7934
2938
.Ma)
J'.'
4181 Jan lb 5182 Jan 14 ,5170 J'ly
Fob 11 143 Oct 15 105 J'ly
124
12%J'ue » 25% Oct 31 13 Aug
804J'lyl3 86 4 Apr!
83 4 Sep
47 4J'ue 6 71 Jan 23 63 Oct
••:0
J'ne 6 35% Oct 31
24 Sep
137% Feb 24 175% Oct 25' 13f% Aug
173 Mar 4 185%(;ct 2.', 168 Aug
161%Marl4 197 Oct 29 153 Sep
207 Feb 8 234 Oct 26 iiao Aug
5131) J'ne 6 J 152 Oct 11' 132
Oct
135 Mar22 150 Oct 2" 117 J'ly
J165 Apr2>- 187 4 Oct 4 {105 Nov
93,0.S1
]).
147
186
I0i«
834
493b
Dei- 126
1
Quincy..
yo
Do 4 p. c. debentures
624 624
Do 5 c. pref. "A"..
34 4
Do 4 p. c. pref. "B"..
1704171% Chlcaxo Milw. & St. Paul
181 184
Do pref
1934194% Chicago & North Western
Do pref
182
186
&
Ciucaxo<fe East. 111., pref
2334 Chicago t+reat Western..
34 14
19434 19434
147
Chicago Burl
145
•84
171»8
744
48
•35
79
• 29
06
1
I
210
23%
351,
5
2734
-12
i
9
74
27
20
(
Jan
41
4 Dec 69 Jan
Aut! 89% Jan
84% Arm 103 4 Jan
54
54
ll3,7.-.0
l.'i
190
130
190 210
135 145
23 Vi 24
•85
90
59 64
22 4
80
80 Hi
88'-(
88
142'8l43
lO-'^SiOct
4 Keblc 141% Oct
Dee
26
,
24
1914
2'.
'
23
82
88% Oct
K7%Jan
7,8.-i4
140 AtlaiilicCoiiHt I.iiK! HH..
95 H. Haltiuiorede Ohio
Oct 19
Sep 2
33
64
{4934 J 'lie 8
04 Feb 2)
Sunla Fe. 176,495
;-
24
62I4
HigKut
Loioetl
1
58
82
•44
I8H1
471,
104
82 Hi
76»8
73
7138
63
58
82
JMyll
25
&
'J
10%
llHi
-18Ha 20
3838 401,
7118 723,
61Hj 53
UigKett
Lotoett
2%.Mar 14 !).,% Oct 22 7 % Sep 104 Jan
•95
5)534
Do pref
500 87% Feb It 96 4 Oct 19 b23» J'ly 963, Feb
ti6
6734
67% 084 Brooklyn Kapul Transit.. 177,004 38 Feb 4 «9%Oct
29 4 Sep 71% Feb
'150 159
155
159
Buttalo Kocli. & PitUb'R.
118% Mar 2 160 Oct,
121 Nov 160 Feb
'157
165
157 165
Do pref
{1;B4 J'ne2'i 165 Oct 3 1140 Sep 160 Feb
•80
88 Hi •80
(-6
Bnffalo & Siisqiie, pref...
10» 85 Aug
89 Aug2.),
129 129
li:8>i 12.) If (lanadian Paoitic
25,4-.'0 1094Marl2 13534 (jct 23 115% Oct 1383, Feb
67 14 67 14 •67
68
2<iO 64
Aanarta southern
Apr'.:
69 Sep 1 1 67 4 Sep "8 4 Jan
18434l85>« 1844 185 14 Central of New Jersey..,
2,06,1 154 4 Feb 20 187
Oct 211 153 Oct 190 Jan
44<>8 45 1«
4434 45
Chesapeake <& Ohio
22,500 2»% Mar 14 47% Oct 25 27% Nov 534 Jan
•36
39
39 Chicago & Alton
33 Jan
42 Augi9 18 4 Sep 37% Jan
•80
84
84
85
Do pref
"'i29 75 Jan 2 85% Jan 21
60 Sep 754 Dec
107(
niHi
19
39
On
thf
Railroads.
10 14
10%
UarKje lor Year 1U04
Hange lor i^evxoxu
(latis 0/ lUU-tliareLot*
Year(iy03)
.Sat^n 01
STOCK
KXCHANOiK
iridav
Nov 4
10>,
132 '8 134
I6O34I62H1
133H*136H.
•34
37
35Hj
110 116
110
•68
•68
74
193 S193H! }193
41«9 43
4134
713*
5
•SI*
74
80
81H2
87 Hj 89 Hi
35
130
69
•94
91
148
4^6
9
7438
12 "4
14134 143
•26Hj 28
•36
79
29
30
29 >4
60 Hi 53
60 Hj
•17
"16
18
-47
47
51
•82
35
32
100 105
96
'245
{245
•66
59
56
1321213534 131
159=^1
»8
161 4 163
36
•78'2
88
80
33 >«
74
3434
7434
4^8
*8H!
7334
*56
•75
•42
196
82
60
82
74^8
80
443,
STOCKS
NEW YORK
39
37 14 38
39 ^^
38
3818
38 Hi
37% 371,
Do pref
85
*83
85 la «83
83
83
85
85
?83
85 Cleve. Cm. Chic. & St. L.
II2W2II4 *112»2ll3>2 •112H2
1124
•1124
Do pref
'227,
22 14
22 >a 23
2138 21\
22% 23
2234 231. Colorado & So., vot. trusi
54 14 55
54
65
5312
53
54 Hi 55
544 55%
Do 1st pf. vot. tr. cf 8.
Slip
30>4
30=j
30
3034 32 Hi
3214 33%
33% 33 'l
Do 2d pf. yot. tr. ctfs.
181 '•2 185
181 1813,
I8334 135 Hi 184 4186
184 184% Delaware* Hudson
32238 322 ^ 300 320
315 315
315 315
315 320
elaw. Lack. <t Wosl'u.
S29ii 2912 •30
32
294 31 Denver <fc Rio Grande
30Hj 30H2 "30I4 317i
83 '4
82
82
8238 82%
82 Hi 8212
82% 824
Do pref
•24
26
25
25 Hi
25Hi 25 Hi 244 2534 '234 254 Des Moines & ¥t. Dodge.
•100 105
•246 ....
•55
53
135 1364
161 4 1633,
82 \i 8434
80^8 8234
123»8l26»8 121 12334
•180
147 150
186 190
10 14 11
2034
9
87
1293b
68 Hi
184H!
128 145
2276 24 le
•85
90
•59
64
343$ 35
1701«171'b
182 H2 182 Hi
19434 195
23',
148
186
6634
159
165
39
84
210
'
•148
150
190
44%
39
86
?84'2 Si\ •^:4
90
59 64
64
65
33 '8 3538
3318 34»8
17018 173
16738 17138
183 184
'182 184
19434 196 "5 194
194'6
186
6518
4434
43>a
•36
•SO
190
128
22
66!%
'150
169
157
166
88 H. {83
128^8 1 28 14
OSS •67
182»4 183
If.O
157
•82
126 V!
'67 H,
181
•30
•60
85 Hi
1-.
9(>
63^8
•85
•62
34
17238 173»,
•11-3
184
195 Sa 197
•)
•30
32
•60
64
8538 86
1013s 1((134
1404141)34
93\, •.<43|
96
95
32
64
96
T/inrtday
Nov. 3
pref
.
38
88
Nov 29
May 135
Mar
Jan
Jan
Feb
794 Feb
132% Feb
30% Jan
634 Feb
115% Feb
1334 Deo
Oct 110
Not 118
83
42
Aug
1094J'ne
154 Oct
33
Oct
8534
Aug
85
Oct
344 Mai 47% May
17 Nov 28 4 J'ne
112% J'ly 136 Jan
19 4 Sep 46 Jan
100
50
Jan
Jan
225% Jaa,
Oct lie
Sep 87
n^ 4 May
19
5334
86
190
Sep 35% Feb:
Not 76% Feb,
Aug 93 4 Feb
Aug 190 Aug
Sep 72 Jan
J'ly 100
Feb
60% Aug
Jan
11034 Not 167%Jan
3934
80
-
15
74
{74
55
J'ly
J'ly
Jan
39
914 May
Dec }76
Sep
Jan
Jan
37 4 Nov 69 % Jaa
Sep 94
Oct 115
90
73
Sep 89% Febi
Not 81 Jan;
4 Aug 53% Jaa;
5534
19
5534 Sep
Aug
30
86
Jan:
72
Jan
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
UanUs
Sid
Ask
MKW YORK
American
530
... 510
Anicr Exch.. 1279 t280
Astor
775 825
325
Boweryll
Butch's&Di 155
Ceuturyll
180
Chase
Chatham
650
325
Chelsea Excl
Chemical
14310
Citizens' Ctr
165
•
1
335
175
Bid
Bankit
t285
190 200
450
350 400
Commerce... t 230
Consolidateil
145
C'ruKxchgc'i 390
Discounill ... 150
Eaat liiver.. 157 H
Fidelity V
180
Fifth Avell
3450
.
165
Ask
City
Coal & Iron.
Colonial I1 .
Columbia';
Filth
First
Banks
150
400
160
German AmV 165
German Ex', 375
German iail .. 51)0
ll)5
Greenwich
1i
Hamiltonll
..
205
170
540
Trad.
.=i80
200
J750
Hanover
&
300
[inu
'jso
Irving
Bid and aslced prices; no sales were luaile oil tills
Sale at Stookftxchange or at aaotioa tfeid week,
d.vy.
{
s Trust
Ask
Bid
UthStreetn. 300
Fourth
216
Gallatin
400
Oau.sevoorlli 140
Garlielrt
500
220
Loss
man
Bid
Banks
Liberty ..
Lincoln. ..
225
415
Jl.iideu
175
Ask
Banks
New VorkCo
N Y Nat Ex.
Lane 105
Manhaltanli. 316
326
Market JcFui +262'4
ileclianics'
260 265
Mech <te TraV 130 140
Mercantile .. 247 255
.Merch Kxch. Hi.-)
175
.Merchants'.. 175
1 M5
-Metrop'l
375 425
J25
.Mt .Morri.s' .. 215
555
590
i30
100
.
sii.ire.s.
Co. oertiiicatos.
t
r^x in;ai.s.
A Assessment
1
paad.
Ask
loOO
210
N'ew York... 2H0
19th Ward;. 150
.
620
Bid
Mutualll...
290 325
Nassauli
190 200
New Ainster t440 t459
140
500 525
1150
Jeftersoull
.Vortli
Araer.
195
Northern
tl30
i;riental1i
Paciricli
i.iO
People'sli
St.iro ii.inics.
>*
205
Ex
Plazali
Prod Kxchll tl7.5%....
Hiversidell .. 250 280
Seaboard
600
Second
600
Shoe & Leth. 135 145
1 000
State!;
190
12th WardT:. 120
23il Wardi
125
206"
.
Union Exchi
United
livideiiil .iiid nulils.
n Sold at private
134
130
600
;i4th Street..
.''40
255
i65
t528
285
500
Park
1
225
Atk
Bid
Banks
Phenix
sale at this price.
94
b
I
Ib2'"i
96
New stuck.
1
6
.
Nov.
STOCHS—HieHBST AND LOWEST SALE BRICBS
Monday
Oct.
75
63
21 '8
49
30>2
50U
lilt's
9514
95
34
43 "4
1938
*45
110
95
17
61
96I4
4.
•15
63
16% •14% 15
55
54% •62
£6
24
•73
26
75
6138
33 14 34I4
94i«
93
19%
li)7g
44
44
27I2
24
46 '8
61%
26'4
22
45
•240
68
71\
260
84
3112
3234
82% 83
29% 31%
210
«7
*5
*21
7h
7i«
718
534
5
5«,
*13ia
2234
u
37^,
151^
*34
27
37
28 la
838
37
98
973,
5>4
51,
22
22 Hz
72i._
72^4
112\»113
160
9634
96
143 145
137 137
-•150
14434 1443,
86'4 86I2
1734 1734
84
*83
100
•223
8
S'l
?12
34
3738
12
381a
281a
36I4
14»i,
165
84
84%
*50
42
77
•61
•37
r*79
183,
771a
•9'a
•49
•llOVi
24>4
•94H!
136
96
471a
951a
"l^a
67 »8
;*8o
3334
174
2163,
1253.
8%
8%
8I4
36
12%
37
37
15
•13
7%
5%
22
838
37%
15
38
*34
•145
145
97
145
85%
86I4
83%
8334
177
18% 1834
77% 78
80%
49
11
4938
9%
111
23
9&h •95
136
95%
39%
2434
85
12
6234
23
86
22
83
4934
9612
218
4734
237,
96'i
136%
963e
2%
30
2'.
69
S3
12% 12%
621a 621,
118
121a
om
621a
28
&3>a
21
82
113
1234
92
63^4
283b
8415
2lia
823,
104%
104
220
8
•236
91
245
91
1711a 173
196
125
219
8%
125
125
3334
3334
173%175
17% 18
174
18
142
1834
47
27%
2134
42% 43%
240
260
72%
26%
84
32
594
'25
'208
*7
7334
2634
84
32
97
27
212
7%
5%
*5%
22
22
8%
836
35% 37
14
5S6
14
36
160
160
96% 96%
1443, 14(538
•142
144
106% 105
106%
220
224
834
125
3634
175
18%
77% 78
77
63
62% 62% •61
77
3634 37
3634
79% 79%
»9% 11
•4834 49%
•79
3634
*220
•8
334
•9% 11
49%
•4834
23
94 14
2314
2334
94%
95
95
37
95
96
125
125
18%
1734
75%
86% 37%
75
175
175
18% 18%
77
7734
57%
61
•37% 38
80% •79
•111
136% 136% 131
96
97
•1%
21.
-
6538
58
33
•28
119
12%
61%
26
98
137
9634
80%
11
•9'a
•48%
••112
97
•2
97
57%
6838
*3l
•113
13
12''8
2%
33
11% 11%
90% 90%
62^4
27»4
6234
62
62
28'-,
27%
2734
1334
62% 64
6I34
119
11% 13
91% 92
•113
12
4938
...
24% 26%
98%
136%
96% 9634
38% 39%
•96
•131
120
98
98
2% 2%
58% 61%
32% 33
46% 6%
13
1334
63% 66%
•113
120
14%
13%
1334
901%
9234
62
62%
92
62
28
92%
62%
•27% 28
28
8334 84%
83% 841*
20<% 21%
21% 22%
8138 82% x81% 82 14
38
38% 38
38%
84
84 14
84
84%
20% 21% 19»8 20%
8038 82%
79% 81%
37% 3914 37% 88%
%111% UOSalU
111 111
237 245
•237 245
237 245
91% 91% 90% 01
9034 91
li;;)'al69% 167
185
195
•189
•190
95
18
95
•16
•50% 61
60% 50% *50% 51
43% 42% 44
40% 4234 42
•7234 77%
*7234
*14
1434 *14% 14%
14
14
214 215% 216 217
216 216%
m
38»8 39
lllH; 112
109% 110 la
85% 86% 8538 85=8
•17% 18%
17% 18
84
84
33% 84
714
•115
49 '1
106
38% 38% 39
108%10834
106% 10334 108 109
29% 31
30% 30% 30=8 31
•79
80
80% 81
»80
81
227
226 22634 {226%226% •223 227
25% 24
25
25
•25% 26
25
•84% 86% J85% 85%
86
85
85
1238
12
12%
12
12%
11% 11%
64
63
53% 53% 5312 53% 64%
23
22 %
21=8 22
22
22% 22%
•33
84
86
84% 84% *83
83
493
4734 473.
48% 49% 49% 64
96% 97
6634
n42
i
.
49
106
136% 137%
18
•111
3934
10734 11U34
3084 3134
81»4 813,
224
101
219
*8
97
14334 14534
3234
*79
69
33
7% *7
5%
5%
22% *20
97
28
212
34%
BO'S
11
4914
863s
12",
'206
17% 17% 17% 1734
76
72% 72% "73
63
38
2414
*94
•25
97
32'8
18
75
37
627e 64
^22
•84
447,
•61
39I4 3934
1091a llOH,
81 Og 32 "a
?82ia 82 42
•225 229
2434 25 14
12
838
51
63
38
136
95 19
8514
228
72% 73
14% 15
125
17
75
84 »e 3434
1761^177
3138
28
210
*20
•143
861-
126
17
76
17^8
155
85%
214
17
*74>5
71% 74%
2534 2534
•82% 85
26%
17% 18% 17%
21634 21s
125
46
260
713l
7%
5%
6O34
•45
•95% 98
97
97
142% 146
14l%144%
136% 137% •136 137
7^^
*72»a
•93
*26
17
34'i
133
•24% 26 S
oO
30%
36% *33
27% 27% 27%
26% 27% 27
27%
97% 97% 97% 97% 97% 97%
971a 98%
5i<
*5
514
5
5% •6
5%
5%
21% 2234 •22
22%
21% 22% 21
22
7II4 72%
7134 74%
6934 71 "s
73% 75
112%112% 110 111% 111%113% 112 112%
224
8
•50
61
42 1^ 4439
14
22
^
10334104%
102
228
•»7>a
la
4934
'240
4515
3234
•2U5
0034
260
2534
95
29
212
30
106 14
33%
130
21%
42%
2714
95
263e
60^4
2534
8314
••27
34
133
59434 9434
•95 100
6O34
68
208
6234
179
21
21%
21%
21%
42% 42% 43% 42%
19
18%
18% 18
46% -44% 46% •45
2634 •26% 27% •26%
2234 23
2234
21%
27
85
"
517
17
70«8
97
28
210
94
107% 111% 10938 11034
95
•94% 95
95
69
*94
*27
94
34 'e
33%
133 5133
2638
26
2934
291a 29 12
49
4758 481a
1041410514 105%
44%
62%
5j
3234
6038
2038
4134
1738
2214
575% 75%
175
22% 23
49
49% 49% 50%
60% 61% 6O34 61%
11534 116% 115% 116%
34% 35
33% 343,
60
26=8
3134
61% 63%
26
26
170
195
169
185
169%
195
111
•237
-9034
111
245
91
169%
I6934
•185
STOCKS
195
NEW YORK
Friday
Nov.
16
54
'155
179
2238 2236
2l«8
u.
61
19 't
46 Si
'240
Nov. 3
115% II6I4
17
44
2312
59
Thursday
Nov. 2
75
62
179
211a
4834
1738
2138
42 I2
250
•84
,
95
221*
43=8
46 14 4612
250
11314
271a
2234
451a
*73
60 "a
155
Wednesday
1
•130
133
26 14
26
"l<d--2 301a
4919 50
0:1051410734
28 H;
23 14
3534
2t5i4
*15
21»4
95
130
113
17
«62'8 62
50 14
62^4
116 11614
3334 3534
35 14 3512
132 132
26
26
10438107
2334
6O34
62^4
116>ull64!
34 '8 35
•9412 95
3014
49'2
Nov.
25
623.
82
181 181
22 >a 23
bO^
60
62^4
Txusiiay
*15
*50
63
63
'
31
2071
Stock Record—Concluded— Page 2
5, 1904.J
Saturday
Oct. 29
111
•14
•62
•25
•72
EXCHANGK
i
16
55
27
75
Sales of
the
Week.
STOCK
Shares
St. Joseph &a-r'd Island
Range tor Year 1904
Range tor Previout
On basis o/lOO-share lots
Year (19U3)
Lowest
9
7i4
Highest
85
16 Jan 8 2734 Oct 1
17 «61 Mar 1 ?75% Nov 3
St. L. &S.Fr.,lst pref....
5,500 39% Jan (3 G3'4 Oct 17
62% 623.
Do 2il pref
100 150 Jan 9 182 Oct 20
'170 179
C.&E.I.comstocktrctfs
8,500
2234 23% St. Louis Southwestern..
9% J'ne 1 2334 Oct 31
13,525 2538 J'ne 1 5l3g()ct 25
49% 50 14
Do prof
2U4,GoO 4112 Marl 4 64 '4 Oct 25
6O34 6138 Southern Pacific Co
8,01(1 U3
Sep 12 110% Oct 4
115% 116
Do pref. 2rt instal. pd
33% 34 14 Southern v.tr. cfs. stmped 132.9y(, 18% Feb24 36 'a Oct 2.1
2,430 77% Jan 6 96 Sep 9
93% 941^
do
Do pref.
•95 100
OC Feb 25 95% Oct 24
M. & O. stock tr. ctfs .
42,700 20% J'ne 7 36% Oct 25
3488 35% 'fexas cS; Pacific
370 115 Marl4 134 Oct 22
130 130
Ihird Avenue (N. Y.)..
750 17% J'ne21 27 % Oct 2
26
26 Toledo Railways & Light
•29% 30 Toi. St. L. & W. V. tr. ctfs
800 21% May27 33 Sep 19
1,995
32
Feb 24 53 Sep 19
M9% 49%
Do pref. vot. tr. ctfs.
105 105 Twin City Rapid Transit. 11,335 87% Feb 23 xl07H Oct 3
10
158
Angll
tlGo Nov 4
5165 165
Do pref
625,192 71 Marl 4 11314 Oct 31
109% IIOI4 (Tnion Pacific
2,091 .e86% Feb 25 95-34 AugSO
95
95
Do pref
410
9
Feb 17 17% Nov 4
17 H U'nitRyslnv'tot San Fran
950 42% Apr 19 62 Oct 21
61%
Do pref
'21"% 22
8.600 15 May 16 223, Oct 26
Wabash
12,100 323. Feb 24 4434 Oct 1«
4234 43'-.
Do pref
••18
183 Wheeling*; Lake Erie...
2,375 14 '8 J'ly..^5 2012 001 22
•45
100 37 J'ly27 5234 J,an 22
46%
Do Istpref
400 21% J'ne2y 2934 Jan 27
2634 27
Do 2d pref
4,010 16 J'ne 6 21% Oct 25
22% 22 7( Wisconsin Cent. v. tr. cfs
2,615 37 J'ne 6 47% Jan 27
45
45%
Do pref. vot. tr. ctfs.
Indnstiial &, .^tiscell
10(1 J 220 Feb 2 250
'240 260
Oct 29
Express
Adams
7238 733,
malgamated Copper... 676.885 43 'b Feb 8 74% Nov 2
26% 27 American Car & Foundry 6,310 14 •'4 J'ly 1 2734 Oct 17
940 67 Jan 6 85 la Oct 18
84
84%
Do pref
5,375 24% J'uel4 3434 Aug 8
31
31
American Cotton Oil..
*35% 9?
110 8834 .I'ue 6 i)5 Oct 26
Do pref
•25
22 Aagi7 27% Oct 26
27 American Dist. Telegraph
'208 212
100 ISO J'ne 2 ^2 5 Aug25
American Express
*7
230
5
Aug 3 ^34 Oct 14
7% .\nierican Grass Twine .
>5% 5% .A.mer Hide & Leather...
600
2% Jan 5 6 Oct 18
2)
2-212
100 11% Jan 5 23% Oct 19
De pref
4,r>lO
8% 8% -Vmerican Ice
6% Mar24 9 % Jan 2
36
5,711 241, ilar24 42 Oct 17
36%
Do pref
•12
245
15 Aug2y
14 American Linseed
7 J'ne
*36
10 22% J'ne
37% Oct 18
37
Do pref
27% 29 American Locomotive.. 18,535 16 If Jan
30% Oct 15
751., Jan
100% Oct 22
97% 98%
2,28
Do pref
•5
1,000
J'nel6
5 'a Oct 20
5% American Malting
2%
2334 Oct 13
22
4,350 16 J'ne
22
Do pref
75 Nov 3
73% 74% Amer. Smelt'g <fc Refln'g 9t^,()45 46 Feb
110'all2%
6,018 883.1 Jan 6 115 Oct 24
Do pref
'145
600 110 Jan 21 100 Nov 3
160 American Snutl
9634 9034
700 85 Jan b OS 'a Sep 8
Do pref
144% 146% American Sugar Refinins 258,310 122% Mar
146% Nov 4
13735139%
2,269 123 Jan 4 139 'a Nov 4
Do pref
•142
144 Amer. Teleph. <fe Teleg..
77 121
Feb 16 145% Oct 24
8538 85% Amer.Tobac.(new),pf.ctfs 17,275 8538 Nov 3 86% Oct 28
17% 18 American Woolen
1,176 10 Jan 4 21
Oct 17
8434 843.
980 69 Jan 25 8434 Nov 4
Do pref
104 1051, Anaconda Copper
Feb
20
106%
15,100 61
Nov 2
'220 224
200 185 Mario 229% Oct 19
Orooklyn Union Gas
•8% 8'. Orunsw. Dockcfc C.Imp't 1,310 5 J'ly lb 8I4 Nov 2
•50% 61 Battenck Co
100 47% Feb 19 50% Oct 13
42% 44% I Colorado Fuelcfe Iron... 163,410 25% Marl 44% Oct 31
76
76
700 63 Apr 5 76 Nov 4
V / Do pref
14% 14% CoL & Hock. Coal & Iron. 2,400 8 J'ue28 I634 Jan 26
216 21714 Consolidated Gas (N. Y.). 15,265 185 Feb 8 220 Oct 19
12434 12434 Continental Tobacco, prel
4.135 101% Jan 4 126 Oct 29
18
18-^ Corn Products
93. May 9
22% Jan 25
14,052
75% 7534
1,522 65 Mar 9 77% Oct 17
Do pref
36
363,^ Distillers Securit's Corp.
35,741 19% J'ne 9 37% Nov 3
172%173% General Eleotnc
5,850 Cl51 J'ne20 179% Jan 23
18% la'-j International Paper
4,000 10 '4 May26 19% Oct 14
77
77%
2,450 64% Feb 9 79 Oct 16
Do pref
59
60 International Power
1,600 26 Mar 1 70% Oct 17
38
38 Internat'l Steam Pump..
700 28 Sep 2 40 Apr 7
*79
80%
100 71% Feb 9 82% Oct 19
Do pref
•9% 11 .Manhattan Beach
6% Mar21 14% J'ly 23
49% 49% National Biacuit
100 36 Jau 4 4934 J'ly 20
112 112
210 1001, Jau 16 112 Nov 4
Do pref
24% 2434 National Lead
22,550 14% Feb 2 5 2614001 3
9734
97
2,200 80% Jan 2l^i 98 Oct 20
Do pref
136 1353, New York Air Brake
800 120 Feb 25 139-<4 Jau 22
96% 96% North American Co., new 2,460 80 Marl2 97%Oct 18
12,lu0 24 Feb 2 7 40% Nov 4
38% 40% Pacific Mail
108 108"
eop. Qas-L.cfc C. (Chic.) 123,508 9234 Mar 12 11034 Oct 31
31% 32 Pressed Steel Car
14,190 24% May 16 44% Oct 17
•79
80
570 67 May 16 8438 Oct 17
Do pref
*222 227 Pullman Company
314 209 M.arl4 231 Oct 14
26% 28
7.950 16 Mayl8 28 Nov 4
ail way Steel Spring...
84 "a 86% i>Vdo pref
1,140 7134 Marie 87% Oct 19
12% 14 "4 Republic Iron & Steel ... 29.286
6 May 16 14% Nov 4
5434 57%
13,600 37 Mayl3 57% Nov 4
Do pref
22
2234 Rubber Goods Mfg
3,300 1434 Apr 15 24% Oct 14
86
86
600 7434 Jan 15 8»34 Oct 12
Do pref
53% 64% Sloss-ShelHeld St. <fe Iron 10,300 31% Jan 7 54% Nov 4
98% SitiS
1,000 77 Jau 5 98% Nov 4
Do pref
2 14 Standard Rope <fe Twine..
2%
550
34 Mar 4
2% Sep 19
61% 62 4 Tenn. Coal, Iron & RE... 100,030 31% Mayl6 6234 Nov 4
3334 Texas Pacific Land Trust
33
1,200 25 MaylO 34% Oct 13
7% 9% Union Bag(& Paper
2,810
3% Aug 19 9% Nov 4
68
68
2uO 45 Feb 2 4 71% Sep 29
Do pref
13% 14 U. S. Cast 1. Pipe & Foun. 2,676 6% MaylO 14% Oct 14
65% 66
6,336 40 Mar24 66% Nov 4
Do pref
•11-i
120 United States Express...
100 Feb 24 n23 Aug26
13% 13% United States Leather
99,550
6% Mny27 14% Oct 1<.)
92% 923*
Do pref
11,130 75% Jau 4 9234 Nov 2
*62% 63 U S Realty & Improve'nl
1,557 43 J'ly 13 65
Oct 18
27% 27% United Slates Rubber
4.770 10% Feb 6 30% Oct 14
•83
84
3,200 41 Jau 4 85% Oct 15
Do pref
22
8'% Mayl;; 24 '8 Nov 4
24% United States Steel
610,226
81% 83
Do pref
549,965 51 14 Mayl3 8334 Oct 15
38% 38% Virginia-Carolina Chem.. 12,700 2234 J'ne29 39% Oct 31
110%111%
Do pref
1,939 97% Apr 1 112 Oct 25
•237 245
5200 J'uel6 250 Aug23|
WeUs, Fargo & Co
9034 91
est'n Union Tele'gpli
1.400 85 MaylO 93 Oct 17|
168%171 West'gh'seElAMfgassen
4,760 153 May 2 173% Jau 21;
•186 195
Do Istpref
180 Aug 17 195 Oct 24'
Do Istpref
Do 2rtpref
1,00(1
'
I
Highest
Lowest
Mar 15 17 Auglfi
Mayl7 54%No-7 2
Oct
Oct
Oct
15% Jan
38% Sep
68% Mar
7
58 Jan
32
24% Jan
13
68 Aug 88 Feb
39 Die 78 Feb
148 % Sep 170 J'ly
12 Aug 30 Jan
24 Aug 66 Jan
36% Jan
96 Feb
96i«Mar
20% Aug 43% Feb
100 Oct 128% Jan
17% Oct 373g Jan'
16% Oct
69 % Oct
85 J'ut
1
Sep 31% Jan.
Sep 48 Jan
Oct 122% Jan
5
24
79
155
J'ne 5159% Deo
6534
83 %
9
35
Aug 104% Jan
Aug 95% Feb
Dec 22% Jan
64% Jan
J'ly
16% Oct
27% Sep
12
3234
Feb
55% Feb
27% Feb
J'ly
40% Nov 62 ilay
20 Sep 38% Feb
14% Oct 29 % Feb
33 Nov 55% Feb
5204 Jan 235 Fe(s
33=8 Oct
75% Mar
17% Nov 4134 Jan
60% Nov 93 Jan
25% Aug 46 % Feb
82 J'ly ^S Feb
24 Nov 41% Jan
171 Aug 235
Feb
6 J'ly 29% Jan
2% Oct 1 1 % Jan
10 Oct 37% Jan
1134 Jan
4 Oct
16% Oct 42% Jan
5
J'ly
1934
Jan
23 %
Nov 48% Jan
10% Oct 31% Feb
67% Oct 9534 Feb
2 % Mar
5 % Feb
14% Sep 24% Jan
3634 Oct
52% Feb
80% Oct 99% Feb
90 Aug 126 Mar
80
Sep
9838
Jan
107% Oct 134% Jan
116 Aug 123 Deo
117% Oct 169 Feb
"7% Oct
14% Feb
5
Oct 80 Jan
Oct 125% Feb
Sep 225 Jan
Oct 15% Jan
40
24
Aug 66 Jan
Nov 82% Jan
65
Dec
^..„ 122
65
58
170
9% Nov
Jan
22 % Feb
Aug 222
164
Jan
Jan
9434 .\ug 119
15% Not
60 Nov
35
86
Mar
% Jan
Jan
Feb
19% Jan
67% Nov 74% Feb
23 Nov 73 Jan
28 Dec 46% May
70 Oct 89 % Jan
20
136
J'ly
9
J'ly
3434
Sep 204
13 May
Oct 47% Feb
Oct 106% May
6% Sep
32
94
10% Nov 29% Feb
Oct 95 Feb
Oct 177 Jan
Sep 124% Jan
75
105
68
17 Aug 4234
8734 Sep 10838
22 % Nov 6534
62 % Nov
196 J'ly
16 Sep
67 Nov
6% Nov
86% Nov
12
J'ly
J'ly
60
22% Oct
67 Nov
34
Sep
Jan
Feb
Jan
96 Feb
23534 Jan
37 Feb
90 Feb
22«8 Feb
8038 Feb
30 Feb
84% Feb
72 Feb
97% Feb
6% Feb
25% Nov 68% Mar
Aug 4034 Jan
22
4% J'ly
Jaa
Jan
Feb
Nov
Feb
Aug 150% Feb
Sep 15 -4 Feb
15
5734 Dec
6 Sep
33
95
6
71% Oct
7
30%
10
4934
Nov
Nov
17%.Sep
80
Aug
80% Sep
130
100
Oct
Sep
15
55
9634
J'ly
J'ly
fl91 J'ly
7934
May
19% Feb
aS Feb
39% Feb
8934 Jan
66% Feb
128% Feb
249% Feb
)3
Jan
221 Jaa
224 Jan
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bnnkn
Bid
Aak
Wash.H'htsD 200
West
Sldell..
Yorkvilleli
..
Banks
Bid
475
400
Mannfactrs". 345%
Mcchanicsll - 280 800
Mercli.au ts'.. 130
Na.ssau
BBOOKLTN
Nat City
North
Sidell.
People's',1
BoronghH
1.^5
Broad wayll.. 300
Atk
Trnst Cos.
BBOOKLTN
100
400
290
225
290
17th Wardll. IJO
426
310
N. T.
Bid
Ask
CITY
Bankers' Tr. 323
Bowl'gOreen t210
Broadw.ayTr. 160
163
C'lK'tyHATr 610
Central Tr'st 1950 2000
City Trust... 280 290
Colonial
320 330
Ooinmonw'th 60
65
I
Trust Co's
Bid
Ask
FarmLo<fcTr
Fifth Ave Tr
Guaranty Tr
Guardian Tr
Kuick 'rb'k'r
1300 1350
526 050
630
160
165
900
Lincoln Tr... 345 .i50
Manhiitt.in
..
175
.'.00
Trust Co's
Bid
Ask
N Y Life&Tr
1000
665
21s
325
3H0
490
350
440
tH74
200
M90
1060
N YSeCcfcTr
North Amer.
Real Est Tr't
StMiKlurdTr't
Tr (N) of Am.
union Trust
UK
Mtg.tTr
1
Trust Co's
Bid
Atk
nnOOKLTN
252
1400
155
Brooklyn Tr 400
Kl.itbush
200
Franklin
325
llayjiltou
305
iigs Co
410
L l.sl LATr. 276
350
325
...
290
1010 Unit Slaics
Nansaii
207
252%
VauN'deiiTr
210
I'oople's
306
Wa.HliiiiKton
200
Tr..
"
620 640
Oon'yI&BBt
Willianisb'g. 235
Morton'lYust 870 SSO
Wind.sor
185
196
170
Empire
•Hi)" 230
First...
X80
iiiVi'
Mut.AlliancA^ 205
665
F,(|uitableTr 650
225
• Bid and asked prices; no sales on this day.
t Kx riglit..s.
c Kx divKlund au'l right.t.
5 Less tlian 100 shares,
1 Sale at Stock Kxchangc or at auction this veek.
F.x stuck dividend,
t Trust Cto. a«puii<u»t^«.
Ua!i:cs in.irked witli a paragraph (D) are State baSllf
Brooklyu^l
..
120
140
130"'
Sprague
200
Sttiyvesantl 185
Unionll
150
Wallaboutll
155
li.a.itcru
Mercantile
..
990
.
.Merch.oiits'..
.Metro politAii
.
<!
4
1
New York
Exchange— Bond
Stock
UO.NDS
Fridav
Ask Low
Utd
V. S. (iovcrniiirni
2s consul regi8teruil.(il930
(tl93o
/i;19K'<
U S 3h regiMleieil
fcl9ls
S
U 38 coupon
U S 3s res small lionil»..fcl91fS
.A:191><
bonds.
U b 36 cou small
/il90
U « 4s reirisicrert
hliny
U S 48 coupon
19'J5
U IS 48 ro>?istcre(l
IVAii
U S 48 coupon
Philippiiio islands 48.1914-34
U
Jianye or
Last Bale
Xov 4
!<
V S 'Js coiisoL coupon
104'^ 105
105'.i
Ang'04
104\105
lOii'.j
.Mai'(i4
l04'vlJ5
104'l: 105
105
1
Jiiyh
10714
I05I4 lOO'i
104»b 1063.,
lO.")
Aug'04
1053^ Oct '04
lo7
Low
108
105
J'ue'02
loj^ Sep
101 '4
106 '4
'04
i04'Bi07'4.
lOO-'^ 10113^ J 'iv '04
106M
lOii^.i
106 '4 108 '4
lua-H, 108
nil's 132 'f
106 Hi
KiO'-..
Sep
130 Hi 131
131
130S4 131
l31HjAiig'04
111 Oct '04
109
'b
'114
131H: 134
I10i4lll='4
tiovoriinicnt
(''oreifoi
FTankfort-on-Ma1n 3'2S ser 1.. M-S t93'4
t These are price « on i/ie Oa sis ui
90 Hi Sale
Japanese Go-v-t 6a ctls full paid Oct
Kcpub of Cuba 58 ctts full paid Sep 102 'a Sale
tlOO
U & oi .Uuxico s 1 g OS ol 1S99
/tuse are yr
.State securities
10218.
190(j J.J
Alabama class A 4 to 5
1900 J-J 10216.
Cliiss iiua
190U J-J
Class C 4s
1920 J-J
Currency lundini,' 4s
1924 F-A U9ia.
Dlsl ol Columbia 3-65s
Louisiana new cousol 4s..l91'J J-J 10338.
Small
Kortli Carolina consol 4a. 1910 J-J 1023,
1919 A-O
6s
1933 J-J
So Carolina 4 Hzs 20-40
96^8.
Teuii now settlement os.. 1913 J-J
J-J
Small
96^4 97
J-J
Virginia tund debt 2-3«... 1991
7^2 10
Os deterred Brown Bros ctts.
1
95 Hi Feb '02
/iiur )iiarlcs
8914
91
iiS4
103
76
t97HiJ'ly '04
n
ices
102
a..
10234
11934 11934
1021, 105
102 '4 J 'ly '04
UntHi l<eo'99
1U2 .Sep '04
102
101
136 Hi J'iy'Ol
120 Mar' 00
96 Oct '04
95 Aug'04
Sep
Oct
'•.
98Hil03
1:97 Hi 100 H;
0/ $.j to
tile
Sep '04
Oct '00
102 Hi Mar'02
111 Mar'02
11934 Oct '04
1021.
109'.
U6'4
7H.
do liar.
89
95
lie
10J-'4
^514
95
Hi
97
95
91 Hi 96I4
'04
'04
6Hj
712
Itailroad
Alabama Cent
laba MiiU 6ee
Albany & Susq
iiee So Ky
At Coast Line
t>ee
Del Jfc
H ud
KK
Allegheny Valley Hec Penn
NVest iiee Bull K ct P
/tl'J95
Ann Arbor Ist g 4s
&
S Fe gen s 4s... 1995
T
Atch
Allfg
<fe
i^-J
AG
1995 A-O
Kegislered
Nov
Hbgisiered
/tl995 Nov
/il995 M-N
Stamped
Debeuiures 4s Series D.1906 F-A
Adjustmeut g 4s
/(.1995
E
F
1907
1908
1910
1913
K
East OkU Div 1st g 4s. .1928
Clue li; St LiOUis lbt08..1910
Atl h.nox & Kor 1st gSs.. 1946
Atlantic Coast 1st g 4s./tli'o2
CliarleSifc Sav 1st g 7s..l93U
Ist gold 6s.. 1934
Sav l<'<Si:
1934
1st gold OS
Ala Mid 1st gu gold 58 192»
lstgug4s 193b
Bruns<k
SU SpOca<teG KUg4s 191»
Atlantic ifc iJaiiv Hee South ity
Atlantic cfe Vadk Hee Soui;i Ky
jS'eeSou i'acitit
Austin Jc JM
Bait & Ohio prior lg3 '•28.1925
Uegistered
/il925
/a94a
Gold 4s
Hegistered ... -.
/tl94S
lyil
Conv deb 4s
»
Series
series
Series
Series
H
W
W
W
FA
F-.4.
F.A
FA
MS
JO
M-S
100
Sale
92^B
99%
98>4
97^8
97 Hi
6
10234 135
Oct '04
93
"2*6
82 Hi Jau '04
92 'g
95 "78
99 Aug'04
9934 ucl '04 '"4
99 H;
99Hj
97 Hi Sep '04
97 Oct '(j4
97H.
97H: "iO
93^4 Sale
9y's
99^8
.salt.
A-O
A-O
126*8
113'6
112 14
J-J
96
J-J
9713
J-J
9S3b 176
9 8 Hi Sale
137
.\1-N
96
Q J
A-O
103
y-j
10258
M-S
101
90 14
125i6Nov'03
112''HJau'04
114'4 0ct '04
93 J'ly'04
9734 Oct '04
9534
Sale
Sale
Pitts Clev <fc Tol ist g 6s 1922 A-O
Pitts A; West 1st g 4s. ..1917 J-J
J P it <fc Co certls
Bat Creek
s fiec lUich Cent
'04
103
'..
10214
lU--'t,
101 14 Oct 04
9234 Oct '04
92
Ob
l^
29
96
Sep
93
lo3
Sale
Ha
110
15
10 J H.
107 14
92ifc
917a
90^4 J'ly'O105 Hi Mur'()4
IO8I4
108
Iii ;iL'„ (J-J
Monoii Kiv Ist gu g 5s. .1911' F-A
Oen Ohio K 1st cg4'2S..193u .\I-S
Sep '04
112
1121a
J-J
1st g 3 "28... 1925 j-j'
Uegistered
101
93
97
,Vi-«
P Jun & M Div 1st gSi^siUi^ M-N
P L K <fcW Va Sys ret 4sl941 M-i;
Southw Uiv
97
96»4 ......
10234 Saie I0212
Sep
'04
119Hi .\lar'04
100 Oct '04
100 Sep 'Oa
119
100 Is
&
Beech Creek Hee X V C <Sc H
Bellev & Car Hee llliiiois Cent
Bkiyu cis iloutiiuk lice l^ong 1
Bruns As West t,ee Atl Coast L
Buiialo N V <te Krie aee iirie
Buttalo K & P gen g 58.. .1937
All 6u West Islg 43 gT.1..199»
1943
Cl<k -Mah Istgu g 5s
iloch lis Pitts ist g 6s. ..1921
Cousol 1st g 63
1922
Butlalo & SouUiwest /bee Krie
Burl <fe SU8(1 1st ret g 4s.(U951
Bur Cedar K & J^o Ist 5s. 1906
Con l.sl <V; col trust g 5s.. 1934
M-S
A-O
J-J
FA
J
-D
*98i4
103 ife 103^4 103
117
122
C B 1 P it X ^V Istgu 5s. 1921 -V-O
1927 J-1)
<fc St Li 1st gu g 7s
190b J-J
Cianaila South Ist 5s
.'2d 5s
1913 .irt-b
Uegistered
1913 .\1-S
Garb <fc Sliawn mee 111 Cent
Carolina Cent Ave Scab Air L
Cartilage <fc Ad ace A Y C & H
M
llOHi
110
Ist g 5s..j>1945
l-'-A
'119
1945 .M-N
1945 .u-n
112
Cousol gold 5s
liegislered
Islprel
'2d
prel
3d
pri:t
lucomeg os
j)1945 (Jet
income g os
income g 5s
pl945
(.JCt
/j1945
(.let
,
104 'i^ Sale
Mi-S
CentolGaKK
103 Hi
Sep
'04
120i-.>Mar'03
Ccd U la P * N .See B C K <t >'
Cen Branch U Plstg4.s...l94b
Cen Branch liy ,SeeMo I'm:
Cen KU cfc B ot Ga col g 5s 1937
j-r>
99i4 0ct '04
Hi
112H:Sep'04
10379 t04i6
106»8 lOO^^n
107 J'ly'04
112
112H.Oct'04
120^4 Oct '04
Sale
111
107
92^6 Sale
7 2 Hi Saie
64 Sali-
114
62
'.J
48 Hi
10334
87I4
98
10434
N
102 103
102 Hi 103
10134
106
108
Cent PaciUc .See So Pacitlc Co
Clias & Sav .See Atl Coast Line
dies <fe Ohio g 6a ser A..ftl908
01911
GoldOs
1039
l8t consol g 58
1939
Uegistered
1992
General gold 4Hi8
1992
Registered
1940
Craig Valley 1st g 58
K«fe A Div l8toong48..1989
1989
2d consol g4s
Warm Spr Val Ist g 58. .1941
Greenbrier Ry 1st gu g 48 '40
Clue & Alt RR ret g 38. ..1949
105
96
90
U)0agll2H:
116111203^
158 10334 114
105Hil07
266
V2H. 935
64 433
93
6534
28
18
.HlSCKI..I<A]SEOi;.-»
93
72 Hi
64
A-O 108
J-J
J-J
85
Sale
Sale
1094
105 SaltF-A *10H
b'-A
93 Sale
J-J
89 Sal"
City <t s Ry Bait Istg 5s. 1922 J-D
Conn Uy & B lst<fc rel g 4 4s '51 J-J
Den Cou Tr Co Ist g 58.. .1933 A-O
Den Tram Co con g 6s. .1910 J-J 10678
WI-N
Ist gug68..1911 J-J
Del Cit St Jiy Istcon g 5s. 1905 J-J
Or Rapids Uy 1st g 53...<(1916 J-D
Ixiuis Ry Co Istcon g58..1930 J-J
Market St
Istg 6s. .1913 J-J
CRy
St Uy gen col tr g 58.1997 F-A
Bway<fe7tllAvl8tcg6sl943 J-D
No price Friday;
99 14
103
85 4 366 72 'b
10lii4Oct '04
ltl7-%
"4
105
100
105
S3 4
4
108%
4
89%
93
92
8.b
98
95
Sep
latest price this
ll,,.
103
lOu
69
29 ^
'04 ....
J'ue'OO
.
MetUy Co
Met
1074
1118
Nov'Ol
Mai'9,^
10034 101
95 14
•95
100
b2
794
90
AnB'04
117 Hi Oct '04
10534
106
103 Apr'Ol
112 May'03
102 Oct '04
107'4a07»»
128 135
l-.i7i2l33
1 1
1
1«
H:
lolH.Oct
1 1
IO8I4
1093,
loo
1
.
106
112Hi.
.
118 Hi.
132Hi..
115\..
111^8..
177H2..
11034 ..
IIOI4..
954 954
10034
108
Oct
i4 4 8 1
99
25
10934 lOi'34
1004 102 «
103 4 107
100
'04
10538
129
1124117
1264 132
1114 ni;4
lO',
111%
111%
Oct '04
Oct '04
116'f,Oct '04
112
112>-Oct' 04
131=4
137'.i.lly'99
116Hi
106=8
116'8Oct-'04
106 Aug'04
169 Mar'04
113 Aug'04
1073gOcl '01
11134 Oct '04
169
109
1
1
10714
1
Sep
I
loie
1153;;
iVa"
109% 1 1234
1143< 117
10934 11^4
11638 1184
106 106
169
112 4
106
IIOI4
10934
114
11034
'04
'04
Sep '04
llKi4 0ct '04
169
113
10739
112'%
112
1164
112
114 '4 1184
112
127% 1304
130 Hi 130 Hi Oct '04
9812.
184
111
109 4 loa 4
97 14 98^8
Hi
115% Sep
112^8
I2i'
Oct '04
Oct '04
11134
..
1084
1144120
Sep '04
116%
.
100»»
105 \Kih^
112iello
132
116
Oct '04
116HiApr'03
116 Apr'04
11234 Sep '04
113
91-'8
10.-.34
Dec '02
97
177 Hi
115
107
9514
904
noifi llOig
109Hi J'ne'04
U9S8
102
91
105
Hi
120
117
1S4
111
II6I4
^014
el4.
1
111»8
95
118
127
994103
91 14 984
112Hj il2Hi
107 Hi Sep '04
129 Apr '04
120 Oct '04
10738.
132 14.
117H2.
11338.
110
116
11434 ]2oHi
Apr '04
Dec '03
Feb '04
105
Hi
113 \\S
76 100 4108
02
02
106i4Oct '04
Hi
10434
103
103 10934
109 41 llVi
'04
9 5 '4
105-'6
1114
17 100
Apr '02
Apr '00
90 Hi Apr '04
10534 Aug'04
99
102
98HiSep'04
106H.Oct '02
95 Hi Sep '04
83
83
80
81
^b\ 95 14
104-4 106
10478J'ue'04
10234 105
102%.Muy'04
100 Oct '04
102% 102%
96 4 1004
I
103 Nov'9t<
3;illi4ll8
115
115Hi
lllH2Dec'03
109 14 Oct '04 1.. -! IOSI4IIO4
i0958l!I
107 Mar'04l
106 107
IO3I4IO334 108 Oct '04..
104 108
102 14
104 1044
104 Mai-04 -.
'115
llS'-s
-
10734
10634
II5I4
II4I4
10634
105
10434
1041*
10738
127»8
106 Nov'02
105 4:Mav'04
105 4105^2
10.<34
10834
i09 4iV'i4
126% 12934
117411878
10934 J'ue'04
12934 Oct '04
118
Oct
103
109
125
Apr'04
Sep '03
103
J'ue'04
121% 125
120 1224
'04
1424 Feb '02
13134 Dec '03
Hi
102 »8
123 Hi
123 126
105 Sale
1917
19S8
1988
CoU trust Series C 48 .. 1905
1910
H4s
1915
M48
1916
N4s
1918
P48
Chic R I & Pac RR 4s. .2002
Registered
2002
1913
Coll trust gold 53
Ok
&
G
geu
5s
.01919
Choc
g
1952
Cousol gold 5s
DesM&FtD 1st 4s 1905
1905
lst2Hs8
Extension 4s
1905
Keok<fc DesM 1st 53.... 1923
1154118
1144116
105%Nov'03
130''8
101
10741104
110"^ Oct '04 -.
IO834 Jan'04 -118 J'ly'04..
114ieJ'ne'04 -.
....
119
ISO's
Registered
General gold 4s
Registered
on Next
I0714
I
Uiqn,
92 Hi i'3 "a
104 104
13434
135
132=8 13234
114 Oct '04
n334
10434
100
1937
Registered.
Cliio <fe Ind C Ry 1st 5s. 1936
Erie
Chicago & Erie See
Chic In & Bouisv rel 68. ..194'
S^trect
,
80 14 Sale
ChiccSi E IUlst8lcur6s.l907
1934
l8t consol g 6s
1937
General consol 1st 5s
BONDS—Couliiiued
,
824 83
Ist lien 3H2a--.1950
M
107V
J'ne'99
J'Iy'04
lUi-j J'ly'04
I2OI4
12oHi
,
96Hi
11014
9334
1950
Registered
Chic B <fc Q— Ch & la D 58 1905
1922
Benver l)iv 4s
1949
Xllinois Div 3Hjs
1949
Registered
1949
Gold 4s
Iowa Div sink fund 58. .1919
1919
Sinking fund 4s
Nebraska Extension 48.1927
1927
Registered
1921
Southwestern Div 4s
Joint bonds &ee Great North
1913
Debenture 5s
Han <fc St Jos consol 6s. .1911
?Slfeet ItiiiUvjiy
Brooklyn Rap Tr g 5s
1945
1st refund conv g 4s
2002
BkCity Istcon 5s. 1916, 1941
Bk Q Co & S con gu g 5s. 1941
Bklyn Un El 1st g 4-5s.l950
Kings Co El Ist g 48.. ..1949
113
103
9934
106
\Loto
Oct '04
Keb'04
104
102
Oct '04
102 Hi 1U3
10914
Ilbi8
114Hi
105 'e Sale
W
"^
i'3 H:
Jligti
108
194'
Refunding gold 5s
Bouisv N A & Ch 1st 68.1910
1905
con
Paul
78
Clue MU & St
99 Hi
1914
Terminal gold 5s
97 Hi 97Hi
General g 4s series A..el989
9 634 97
el9S9
Registered
92 14 09 14
General g SHiS series B.el989
1921
Chic<& L SuDivg5s
112 112
Chic & Mo Riv Div 5s... 1926
1910
91 10078
Chic& PacDiv6s
1921
Istgos
Chic& P
1916
Dak<fc GtSog5s
112'>8 11258
1924
Far 60 Sou assu g 68
1910
109 II4I4
Hast & D Div 1st 7s
1910
93
93
lst58
9734 98
1908
Icfe D Extenlst7s
1919
LaCrosse&D Ist 5s
1910
Mineral Point Div 58
1910
So Minn Div Ist 68
92''8 96Hi
1909
Southwest Div 1st 6s
92 14 95 14
1921
Wis cfe Minn Div g OS
IOOI4 10334
MU & No l8t C 6s 1910
1913
100 103
1st consol 68
1915
97 101 14 Chic & Northw cons 7s
1886-1926
87 Hi 9234
Extension 4s
1886-1926
Uegistered
92HilOOH2
87 14 92 H:
198
General goldSHiS
jj1987
Regis te red
105 H2IO5 Hi
Sinkuig fund 6s. ..1879-1929
1879-1929
Registered
108 109H2
119 Hi 122
Sinking Hind 58.. .1879-1929
1879-1929 AUegistered
98 100
1909
Debenture 5s
100 100
1909
Registered
1921
Debenture 5s
1921
Uegistered
1933
Sinkiu g tund deb 5s
Registered
!!!!a933 iW
9934
9834
104«fe]09
J'iie'04
88 14
99
82H2 82Hi
87 Hi 95 12
98 100
95 102
Sep '04
95
9i
08'e^04
Am
9413
105
105
109
135 Salt
133«e
114 IUI4
Railway
since
January
Last Sale
Ask Low
BUI
Central ol ii^—CContiniudj
Cliatt Liiv |)ur mon g 4s. 1951
Mac<fe NorDiv Ist g 58.1946
1947
MldGa<fc Atl DivSs
1946
Mobile Dlv Islg 58
Cent 01 N J geu'l gold Ss. 1987
Uegi«t«red
A1987
Uock ds Imp gu 5s. .1921
Be <fc Hud U gen gu g 5s 1920
Beh & Wilks B Coal 58.. 1912
^1910
Cou ext guar 4H28
y cfc Long Br gen g 48 1941
Des Slo ct Minn Ist 7s-.1907
Milw & Madison 1st 6s. .1905
1910
North Illinois 1st 5s
Ott C F & St Paul 1st 5s 1909
Winona <fe St Pet 2d 7s.. 1907
121Hil21Hi
12118 124
Mil B S A: West Ist g 68 1921
Kxt & Imp sfund g5s 1929
Asliland Div 1st g 6s. .1925
9718 1001*
1924
IOII4 1037e
Mich Div l8tg6s
1907
115 '2 122
Convertible deb 5s
1911
Incomes
116Hill2H Chic Uock Isl <fe Pac 6s. ..1917
II0I4
103 Apr '97
112H,126ii) 121H2Mar'04
127
1 23 'b Aug'04
J-1)
97
4
JS'ot)
Hange
We^kfs
Hange or
f'ridav
113iall7«8
11434
100
J-J
A-U
1934 A-O
Uegistered
U434 Sale 11434
91 •^8
fncf
STOCK EXCHANGE
Wkkk ENuiN'i Nov 4
N. Y.
Since
January
JHffh A'o
i'A<a;s
UONDM
Hange
M'ee/c'»
STOCK KXCIIAXGE
Wkkx Kxdixh KOV 4
y.
Weekly and Yeariy
Record, Friday.
OCCUl'YlNtJ I'OL'K
1224 Aug'04
1054
Jan '03
1014 Sep '04
10434
4-.:
101
103
lOoia
107
98H2
95 14
94
93
93
76 "4 Sale
89 Hi Sale
107
102
Hi
9a»t
96^8 101
99
108
97
96
93
90
75%
1014 1014
J'ly'04
May'04,
May'04!..-.
May'04'....
—
787b' ISO-*
97
96
93
97
96
90
93
90
664
7878
7034 76 4
7(i4Sep'04i
8SI4
90
90 1459 73
105 Oot'04|.... 104% 105
10;; 7b Jan '04 1.... 10378 10378
954001
95
98
'03
Sep '04
95
98
95
Jau '04
9334
104 4 10634
10634 J 'ly '04
I'line.
Railway
Mot St Uy—rConjUet g 4s2002
lOS
ColifcOtUAV Istgu g 5s. 1993
85 4
Lex Av ifc P F 1 st gu g 5s 1993
110
Third Ave RR cou gu 4s 2000
106
Third
Ave Uy 1st g.->s..l937
1083t,
Met
S Kl (Clue) 1st g 48. 1938
93
El
ii L 30-yr g 5s. 1926
Mil
Ry
897b
Minn St Rv 1st con g 5s. .1919
li&P 1st g 5s. 1937
Lt
Uy
St
Jo
98
St Paul City Cab con g 53.1937
Union El (Clue) 1st g 5s. .1945
United RRs San Frsl 4s. 1927
United Rys St L 1st g 48.1934
Chic St 40.y r cons g 5s. 1936
W
W
A-O
M-S
913, Sale
914
11741194 1184
-M-S
J-J
J-J
11634
9634 sale
11734
106
Oct '99
J-J
1064!!"!; 110
J'ne'02
FA
FA
.M-N
97
J-J
11034
A-O
A-O
85
J-J
tf
Due
48
964
97
4 Oct '04
61
11 7
94
89
9334
115 4119
114
'04
J'ne'04
1
1
734
93% 97
116
94
121
95
110
110
'0
Sale
86
.M-N
ilnn and Electric I/igiit
.\tlanla G L Co Isl g 5s. ..1947 J-l!
Bklyn U Gas 1st con g 5s. 1945
US4 1184 n8'4
1124 1187^.
1164 120 ll(i4Sep'(i4 ^'. 1124 116H
weea. aDuoJ;ui u iJuo .\pr e Due ..my (/Duo.j'ue /iDuej'ly
96
92
1184
115% Sep
110 J'ly'04
109 4 Dec '99
....
85 4
86
65
15
8478
85
99
754 85 4
794 864
Dec '97
il5"'u6"' 114 4 "il?" -i 11214 1174
o Duo Oct
p Duo Nov jOptios sale
.^ug
P
:Nov. 5, 1904.
NJ
H
.
Bond EeCOrd—Continued-
j
BONUS
Price
N. T. STOCK EXCHANGE
Wl£KK ENDrNG NOV 4
PridaM
Nov 4
January
Last Sale
A-e«CRI<fcP
Cin H <fe D consol s f 78. ..190?
19;^';
2d gold 4'28
Cin D A I lat gn g 58. ..1941
48.1953
Ist gu g
Cin I &
W
A-O
i-i
100
100
104 1^ Dec '03
113 Oct '00
M-N
114%
11314 J'ly'04
J-J
99
L G 6ee C C C St L
& C See C C C St L.
Mah See B R & P
Clearfield
01
St
Sale
93 Vi
99
1
1111411314
15
97
9915
<fe
<fc
<fe
—
St L gen g 4s 1993 J-D
Clev Cin C
1939 J-J
Cairo Dlv 1st gold 4s
MDiv 1st ff4s. 1991 J-J
Cin
St L Div Ist col tr g4s..l990 M-N
W&
1990 .\I-N
Registered
Spr&ColDiv Ist g 4s.. 1940 M-S
J-J
l8tg48..,.1940
Val Div
C I St L <& C consul 0S..1920 M-N
_../cl93(
Q-F
let gold 48
fcl93( Q-F
Registered
58.
.192t<
Ist
con
J-J
Cin S <fe CI
g
1914
IconsolTs
1914
fund
78
sink
Consol
Gleneral consol gold Bs. 1934
1934
Registered
Ist prel 48.1940
Ind Bl &
pf
58...<a93y
Ist
y-J
O Ind &.
Peoife East Ist con 4s. -.1940 A-0
1990
Income 43
ApiCI Lor <fe Wli con Ist g 58.1933 A-O
Clev & Marietta See tenu RR
Clev <fe Mahou Val g 5s.. .1938 J-J
Clev & Pitts See Penn Co
1947 J-J
Col MiiUand Ist g 4s
Colorado & Son 1st g48...192it F-A
Colmn & Greenv Sm So Ry
Col <fc Hock Val See Hock Va.
Col Conn <fe Term See N &
Conn <fe Pas Rivs 1st g 48.1943 A-0
& Gt So See G & St P
K&T
aUas <fc Waco See
Del Lack & Western 78... 1907 M-S
1914 M-N
Essex
l8t7s...
Morristfe
1915 J-D
Ist consol guar 78
1915 J-D
Registered
2001) J-D
Ist ref gu g SHjs
Lack*
1st 68.. .1921 J-J
1923 F-A
Construction 58
1923 Wi-N
&
iinprove48
Term
Syr Bing & N Y 1st 7s..l90G A-O
2000
ref
3
"^s
Warrenlst
gn g
Del & Hud 1st Pa Div 7s. 1917 M-S
1917 M-S
Registered
WW
CCC&
W
W
102^8
102
102
9508 1021^
100 >4
99 "2
100 "a 102
100
J'ly'()4
9934IOII4
98
9818
9934 103
99 100
98is.T'ly'04
101 '-2 Sep '04
100 Oct '04
102 Dec '02
96
100 14.
.
104S8
105
Aug'03
Jan '04
100
100
941.2
.
M
M
W
NY
FA
.
122
.
Sep
130
132
98
99 "^e Sale
70
115
'128'"
'04
99 »8
99
70
69
112'2Feb'04
116
6838
8734
69
8834
109
.
Ili6'4
.
J-J
J-J
1091a Oct '04
130 J']y'04
132 „.
130i2Aug'O4
140 Oct '98
129=8
129 12 Aug' 04
114i2J'ly'04
10,-134 Oct '04
108i4J'ly'04
102 Feb '03
112
102 h.
.
10534
.
13334 Mar'04
13734
103=4
14
.
.
14'.t
Aug'Ol
106
104
103
May'04
Registered
2d 6s
Dul So Shore
<fc
L^astot Minn
XLiast
mgin
146-'^8
0ct
Apr '04
'04
147i2J'ne'02
102
106
10034 1013j
10414 J'ly'04
12
J-D
J-D
J-D
M-S
A-O
1937 A-O
1st 58. .1937
1916 J-J
Atl g 5s. .1937 J-J
SeeStPM&M
99
See So Ry
East 1st g 58.1941 M-N
&
SeeLeh&NY
M-N
2dextgolcr58
3dextgold4»28
4th ext gold 58
M-S
W
W
.
Wiikifc
MS
A-O
J-D
M-S
M-S
J-J
J-J
J-J
J-J
F-A
J-D
J-J
M-N
=v-o
M-N
J-J
M-N
J-J
F-A
F-A
M-N
M-N
A-0
Eal8tgug58.194J J-D
Gr8 nntl Electric Liiglit
Gas Ist g 58
1947 A-O
Consol Gas conv deb 63
1909 J-J
PG
Detroit City Gas g 58
<&
C Co
KdElIUBkn SeeKCoEL&P
Kd E 111 See N Y G & E L H 1
105
Mar'98
104
J'ne'04
llOiaSale
85 14 Sale
lloia
8412
A-O
10234 104
103
J-D
981a Sale
9818
1071U,
104
107
104
107
10234 1 11- «4
71
85 1q
Oct '04
101341044
98=.
Oct
511
90i«
98=4
98
'04
90
103 14 10334 104i2Oct '04
102
108''8l09i2 109
109
105i2J'ly'04
10014 Apr'U4
1021a.
103iallO»9
IIII4
115
97
Registered. ^i
ousatonic See
N YN H& H
Hock Val lstconsolg4i2S. 1999 J-J
1999 J-J
136"
C0I& H V Istext g4s..l948 A-O
Tex See So Pac
Houst E &
W
Houst & Tex Cen See So Pac Co
llinois
I
J-J
J-J
J-J
J-J
A-0
MS
A-0
A-O
M-N
M-N
J-D
J-J
FA
F-A
J-J
J-J
J-J
J-J
J-J
.
10534
1051a 107-2'
L00i4l00'4
115 Apr'04
II3I2 Mar'OO
IOOI4IO312 102
94
*io6"i"o3ii 99 14
70
104 100 103
103 102
102
102
101
96
115
10114 102'
Aug'04
Mar'03
Oct 'OS
Oct '04
Oct '04
Oct '01
103
Apr'04
I05I4...
IO6I2 Mar'03
96 14 96I2 96 Oct '04
108 .... 123 Mav'99
85I2 Oct '04
841-2....
7934 85
8558 Oct '04
70
70
102ial06
106
101
102
101
112
93 14 96=4
84=4
94 14 Aug'04
SO
851a
85 •-8
93
95
lolls Oct '99
9312...
Nov'OO
100
F-A
J-D
M-S
J-D
J-D
J-D
J-D
J-D
M-S
105 14 ...
107 14
125 127 12 124 la
114 ...
90
12434 ...
119
10G3, 107
J'ly'04
14
Apr'04
Nov'9
Nov'03
119=4 Mar'04
9353 May'04
1241312412
106>8
102-8 103
104 Is Sep '04
102 Oct '04
1021a 1041*
102 la 102 Hi
J-J
109 14
J-J
J-J
1091-4
106
107 lo
99 la
122
100
70
II9I4...
94
...
9959
M-N 119'.2
M-S 100 Is
65
M-S
70
J-D II4I4
M-S
881
86
119=4
981,
118
87
1-2
Mar'04
106
106
98
101
Dec '02
Oct '04
Oct '04
100
Nov'03
114=8 Oct '04
87 34
S73.
lls.''8l22
IOOI4
97
109i8ll4>i
89
85
Kan C &
See M K
T
Kan City Sou let gold 3s. .1950 A-0
<fe
36
Registored
9912IIO
71 12
7:
63 Oct '00
71=4 Sale
1950 A-0
Kentucky Cent See L <& N
Keok & Des Mo See C R 1 ife P
KnoxviUe <fc Ohio See So Kv
119i4Sale
112=4 Sale
II914
112=4
115=4^310
115
113i4Sop'04
111
IVc
Leh
117i8 0ct '04
113
117ie
115
Might
123
116
101
8513
W
Nor—CBAQcoll tr4s 1921 J-J
1921 Q-J
Greenbrier Rv See Ches & O
GuU'&SIlstref&tgSs 61952 J-J
Han & St Jo See C B Q
Gt
North Oliio Ist gug 5s. .1945 A-O
L Sho & Mich S See N Y Cent
Lehigh ValJPa) coll g 5s. 1997 M-N
Leh Val
1st gug 4138.1940 J-J
1131
110i<a
Lov)
N
Lake
100
98
921.2
9512
37
114
Erie <feW let g 5s.. 1937 J-J
2d gold 5s
1941 J-J
NY
Registered
10458
114 a'ne'04
11334 J 'ly '04
109^4 IIOI2 10939 Sep '04
114'-2
111 Miiy'04
114>ia
114 114
11238 11334
1021.2
I341-:
IO8I4III
111 1141.2
1031^10312
131i6l35i8
132
101
'-2
103i.2Se)i '04
1-2 Oct '04
134
134
130 Aug'03
IOII4 10034
101 14
'89" Sale'
9314 Sale
981-2
Jan
88 12
89'.^
8534
Feb '04
93 14
93%
127
104 14
125i4J'ne'04
120>8
1 03 i-i 1 04 h
133 '8
118
113"^
112
Il0«8
98
]07
120
121
103 Oct '04
132 Apr'04
118 J'ly'()4
113iiN(.v'03
108 1^ Jan '04
115 Oct '04
98 Auk'04
1061-2 Oct '04
117 Oct '04
354
ie-i
1940 J-J
V Ter Ry 1st gu g 58.1941 A-O
Registered
1941 A-O
Leh V Goal Co Ist gu g 58.1933 J-J
Leh* N Y let guar g 4s. .1945 M-S
1945 M-S
1st g 1st pf 68.1914 A-0
Gold guar os
1914 A-0
73 14
68
115ial204
II9I4
112=4
115=4
110iall4ia
lie
15 110
107=8
107i4Mtty'04
10978 11012 IIOI2 1101^
10334
105 Jan '04
11534
116 Auk'04
11112.
109 Hi Oct '99
110i<
111 Sep '04
9734
99 Aug'04
107 1071a
104=411013
105 105
116 116
111
99
107
92
.
186 13
6Sia 69
Sale 180 la
& Hud R See Cent of N J
Leh & Wilkesb See Cent of N J
Leroy & Caney Val See Mo P
Long Dock See Erie
Long Isl'd— 1st cong5s.7il931 Q-J
lat consol gold 43
98^1
General gold 4s
Ferry gold 41-28
Gold 4s
84
98^2
89^4
8534
8534
8834 <).-)l4
125-4 I25I4
123
103
132
103
130
II3I2 118=4
N
N
V
1911 M'S
B&M Bl8tcoug5sl93i.
ijouisv
ife
FA
99 Is 99=4
1021a
99 14
99 14
105 J'ne'03
IIII4.
112
50
95=4100
Ark
1st
106
100»8lOUi-j
1-2
100
118
116 la Oct '04
116
102
102
102
100 Oct '04
99 14 Oct '04
1021-2
1021a
110 J'ne'04
10138 102 li
98 102
100 101 la
99 14 99 '4
Si
981.2
101
......
II3I4
102- SaK
10758
104=4
UO-s
108'8
108=8
05 14
112
107 la
112 la
10314 103 1h
118
1
9678lO-"-J
110 110
100 Is 103
Mar'03
Mar'O'.'
Sep '04
1071310713
Apr '02
11 IOOI4IO418
IO314
J'ly'04
Nasliv gen g 68.193(1 J-1)
120
1937 M-N
1940 J-J
1940 J-J
11434
Aug'04
114iall-''>^4
102
102=,
J'nc'04
98 102=4
101 ^a 101 's
109 116 4
364 9CV| 99 Uj
H&
1931 M-N
1923
AO
1919 J-D
".J
0ct
'04
97'-.
Sep
11514118
46
lllialU
-04
on Next I'asc.
Cios and Electric l^ifdit
Milwaukee Gas L 1st 4s. .1927 M-N
Mnt Fuel Gas Co See Poop Gas
N Y' G E L 11 cfe P g 5s. 1 948 J-D
Purchase money g 48. ..1949 FA
Ed El 111 let couv g 68..1910 M-S
NY
115=4
102=4 102
U)l"t
II4I4 116i4
97i2S.al6
97
114=4
114
1
W:>
.1-
MN
89 14
.
100 ]\tHr'04
Rich Gas 1st g 5s. 1921
102 Si Oct '04
Pro Gas <fc C Ist gu g 68. 1 904 .VI101=4 AnK'(>4
2d guar gold 68
1904 J-D 101=4
Istcon gold Or
88
1943 A-O 124 125 I2413 124 la
901a
104'4
104=4
Refunding goldSs
1947 MS 105
10»
109
10378 109
ChG-LcfeCke IstgugSs 1937
09
Con (} Coof (;hlHtgug5H.'36
10758 1081-j 107 Oct '04
100 100
102i4Scp'04
Kq G cfe FCli let gng(i3. 1905
102'a
11713 122 !<
Mu Fuel Gaa latgu g 6s. 1947 M-N 100 io-i" 102 la Oct '04
93 '8 96 14 -Syracuse Lighting latg Os.'ol J-D 100
Feb '01
109
105 IIOI4 Trenton G <fc El lat g 68..1949 M-^^ 10513
Duo Oct gDueDeo
(/Due Fob dDueApr eDaeMay ADuoJ'ly fcDueAug
<fe
01 la Oct '01
901a J'ly'04
107=4 Dec '00
90
FA
MN
10414
A-0
A-O
A-O
100
J.J
96
10818
122 la 124
109
100
la
Oct '04
Oct '04
I22I4 Ang'04
96i4 0ct '04
Ir>cQa«LotStLl8tg58.el919 Q-F 108 109 109
109
• No price Friday; latest bid and asked this -week.
aDueJan
9013
3713
9014 J'iy'04
10513 II214
II2I4 Sale iiifg 11214
94'->
9414 94=4 91
105=4 J'ly '04
104 105
1201-2 J'ne'04
119
MRy'04
101
105
90
102
9(>
13
'-2
11(1
11514 120 '3
IOOI3 102
100 100
IOII3 102 13
103
101
118=4 128
103 104=4
1061a 109 '3
DU 107 '3
102-4
101
IOII9 105
.
J-D
F-A
118
&
Unified gold 48
Registered
Coll Must gold 5s
5-20-yr col tr deed g 4s.
E
Nash 1st g 68
NY&QElLitPl8tcong5sl930 F-A
Nov'03
1161.2
lO.J
g 53.1927 M-S
Ist consol gold 5s
M-S
10712
1051410714 1061.2
Udld 5s
BUNDS—Contuiued
ll
70 14
69
54
1891 161 17138 192=4
A-O
R B Ist gSs
1927 M-S
Nor ShB Istcon ggu58ol93'j Q-J
Y<fc
1 15 112
98 ion's
1011^ 1061-2
II31-2II7
108''8lll°8
1931 y-J
1938
1922
1932
1949
1934
1949
lst5s
Louisiana
lOOi^lll'^
ft
J-D
M-S
J-D
Unified gold 4s
M-S
Debenture gold 5s
J-D
Guar ref gold 48
M-S
Bk]yn<& Mont 1st g 68. .1911 M-S
108 k! 1081^
1091-2
10878Oct'04
11 11^2 Oct '04
.
.
EIC&N
Leli
90i2l0mi
12 116
1-2
lU^j
109 14
112
89
'04
cfc
Kq G LN Y lat con g 68. .1932
Kq G & Fuel See P G & C Co
tia8<& KlecBergCoog68.1949
Gen Electric del) g 3'-j8..1942
Gr KapG LCo l8tg58...191
Hudson Co Gas Ist g 68..1949
Kan City (Mo) Gas let g Os 1922
KIdkbCo El Left Pg 63. ..1937
Porchaae money 68
1997
BUI El II Bkn let con g 48 1939
J-.T
J'ne'02
J-J
. .
1923 J-J
Det Gas Co con Ist g 58...1918
IO6I4
123
Oct '04
45
661^ 84
10934 114
114
Buffalo
See
J-J
Hiph No
123
106
112
104
107
KC&MR&B
SeeStL&SF
Pacific
24
AlISCEIiliANUilUS
CoDsam Gaa
123
IO6I2
104
104
'
Registered
Erie Ist ext gold 48
1947
1919
1923
1920
5th ext gold 4s
1928
let consol gold 78
1920
let consol g land 7s
1920
Erie Ist con g 43 prior. .1996
Registered
199i;
ist consol gen lieu g 48.. 1990
Registered
1996
Penn coll Ir g 4s
1951
BulfN Y<t Erie Ist 78. .1916
Bull<fc S
gold 68
1908
Chlcife Erie Ist gold5s.. 1982
Jelt RR l8tgug58
al909
Liong Dock consol g 63. .1935
Coal&RR Ist cur gu 68. 1922
Dock<& Imp 1st cur 68. .1913
N y & Green L gu g 5S.194G
N Y Sus & Ist ret 68.1937
2d gold 4»28
1937
General gold 68
1940
Teriuinallst gold 53. .1943
Regis «5,000 each. ..1943
MidRRofN J I8tg6s.l910
A
A
Last Sale
Ask Low
Bid
A-0
A-O
A-0
J-J
Since
January 1
M
100 Sep '04
951..95 12
45 Oct '04
81 12
811.2
100
95^2 Sale
43
81
82
113>4
Ten Va & Qa
Jol
ElmCortifeNo
A
W
J'ne'04
W
Range
. .
LN
Feb '04
116
68^8 Sale
h8 Sale
Improvement gold os... 1928 J-1) 107-'4 sale 111734 10734
99^8100
99
99 ^
RloGr West 1st g 4s. ...1939 J-J
8334 Oct '04
89
Consol and col trust 4s 1949 A-0
97 Jan '02
Utah Cent Ist gug43 al917 A-O
Rio Gr So gu See Rio Gr So
24 May'04
Den & S West gen s t g us 1929 J-D
Des Mol & Ft D See C R & 1
Dea M <fc Minn See Ch & N
110 Sep '04
Des Moi Un Ry Ist g 58..1917 M-N IO5I2
Iron
W
Central 1st g 4s. .1951
1951
Registered
1951
1st gold 3I2S
1951
Registered
1951
95 10034
Extended Ist gSi^s
1951
58
1st gold 33 sterling
70
1952
II2I2II212
CoU Trust gold 48
1952
Registered
1953
116 116
O cfe Tex gold 4s
1953
Registered
1950
56
6934
Cairo Bridge gold 4s
89 12
Louisville Div gold 31^8.1953
82
1921
Middle Divreg58
1951
Omaha Div 1st g 3s
1951
St Louis Div gold 3s
Registered
1951
1951
Gold 312S
Registered
1951
10918112S8
Spring Div 1st g 3i2S...1951
127 V2 130
Western Lines 1st g 4s. .1951
128'78l33
BeUev & Car 1st 6s
1923
Carbcfe Shaw 1st g 48. ..1932
Chic St L & N O g 5s.. .1951
127 12934
1951
Registered
11114115^2
1951
Gold 3I2S
IOOI4 10534
Registered
1951
10814 10978
Memph Div 1st g 4s. ..1951
1931
St L Son Ist gu g48
13334 13714 Ind Bl & West See C C C <fe St L
Ind Dec &
1st g 5s
1935
105 18 108
Istguargold 5s
1935
Ind lU <fc la 1st g 4s
1950
104 106
103 103
Int & Great Nor 1st g 68. .1919
142 14658
2d gold 58
1909
3d gold 4s
1921
Iowa Central Ist gold 5s. .1938
96=4 10134
Relunding g4s
1951
IO4I4 I04I4 Jetterson RR See Erie
A <fe G R See L S & S
103 109
Kai
an & Mich See Tol & O C
94 101
83
91
K C Ft S cfe M See St L & S F
,
Sale
139 =
M-N
M-N
105
103
IIO1-2II5I4
i04'i^NoV'0i
98^4
Bens
DtU&
W&DenC
1
102
Det M & Tol See L S <fe M So
Det & Mack lat lien g 48.1995
Gold 48
1995
Det Sou 1st g 43
1951
Ohio Sou Div Ist g 4s. ..1941
M
M
Week's
Range or
Nov 4
Pitts
&TH
Registered
115i4J'ne'04
120 J'ly'03
112'a.
Alb<& Sus lstcougu7s.l90G A-0
190G A-0
Guar gold 6s
Registered
190G A-0
<fc Saratoga Ist 7s. 192]
1921
Registered
Del Riv RR Bridge See Pa RR
Denvife R Grist con g 4s. 193G
1936
Consol gold 4^28
<fe
Range
Price
Friday
<fe
105
100
W
Dak
See Penn Co
1st cons 68.1921
1942
istgeneral gold 5s
Mt Vernon Ist gold 68.. 1923
Sull Co Branch 1st g 5s. 1930
liv<S! Ind 1st con gTi g6s..l92G
<fc St 1
L^argo & So See Ch
r linl& Pere
See Pore Mar
Fla C & Penin Sec Sea Air Line
Fort St U D Co 1st g 41-28.1941
Ist g 68. ...1921
Ft
& Rio Gr 1st g 4s. 1928
Ft
See So Pac Co
/ 1 al Har & S
Tal H & H of 1882 1st 5s. 1913
Line
Georgia & Ala See Sea
Ga Car & Nor See Sea Line
tieorgia Pacific See So Ry
Gila
G <fe Nor See So P.ic Co
Gouv cfe Oswegat See Y Ceni
Grand Rap* Ind See Penn RR
Gray's Pt Term See St L S
Erie
Kvans
V
Cin S
&
STOCK EXCHANGE
Week Ending Nov 4
N. Y.
Since
or
2073
BONDS
Kange
WeeK's
Range
Migh No Low High
Ask Low
Bid
ChiCifcStL 6eeAtchTcfeSaFe
Chic 8t L <fc N O Hec 111 Cent
Chic St L & Pitts tice Pcnn Co
13518
135 Is Oct '04
130 Is 135 14
Chic St P M & O con (Is. ..1930 J
93 Dec'03
94
Cons Gs reduced to 3'vS.193(( J-D 130i«
Feb
'04
130 14 131
131
WIN
1918
Cli St P & Minn IstgOs
129^4 Mar'()4
12934 12934
Nor Wisconsin Ist 6s...l98() J..T ISl^t
122
122
120 1231-2
s.
122V2
"a
..1911
A-0
St P & S City 1st g 63.
83 Sp 49 Tih 83Sp
82^4 Sale
82
Chicago Ter Trans 2:4s. ..194' J -J
llli8Apr'04
IIII4
112
110
Sj
Q-M
Chic& West Ind pen ff6s(?193'.
Mich See Pere Man
Chic <fe
W
ChocO&GuU
.
1
«
ObHod
sal*)
1
Bond Record
2074
BONDS
i,Ciii<fe
N O it M
N <t SI
Lex KOliU^s.. .19311 M-N
l8t
C)
Pensncola Div
LiMv
8t
«8....1iKiO J.J
(.'olil
u'lilri
'Jil
t!«
i;):<(>
rdIiI 6s.
..
1st gold 68
JJ
19-Jl
119
MR
MS
Kent ncky Cent
(jol'l
48.
.
1
05
l,<fc
1952
Kepistered
N Fla A S 1st Bti J? 5s. -.1937
Pens & Atl Ist KU g 68. .1921
S cfe Is' Ala con Kii K 58..193C.
1910
Sink fund gold Gs
W
Ist gold 6s. ...1910
Mich Cent Hee N Y Cent
Mid ot N J See Erie
iisi-iiie'
F-A
F-A
10734
il7HjJ'iy'04
115 Jan '04
117 J'ly '04
110 Mar'03
VShi
9S%Oct'04
no's
FA
115
116
il9""i22"'
971410114
105Hii07H2
96 14
89
91% 99
io83i;!;!I! lOSHiOct '04
10714110%
J-D
72
20
721a Sale
21 Sale
J-J
loh
Jly
A-O
A-O
FA
15
Hi
30
73
22 Hi 2 JO
75
16
93 1-2 Oct '04
92
MS
12
6
17%
96
May'OO
105
J-D
74 Hi
24 14
60
91
90% J'ly '01
M-S
1st gold 6s. ..1921
Ex 1st g 7s. 1910
South West
.
115
97
.
.
97
K
MStP&SSMcoug4intgn'38
9834
J-J
M&Plstosstp(l4sint/gu 1930 J-J
M S S M & A 1st g 4 int gu 1926 J-J
98
OSHjOct
Wa
&
K&
MK<feTotTlstgug5s.l942 M-S
Sher Sh <S; So 1st gu g 58.1943
1906
Missouri Pacific 3d 78
1920
let consol gold 6s
Trust gold 5s stamp6<i.al917
Registered
ol917
1920
l8tooUgold58
Cent Br Ry Ist gu g 4s. 1919
Leroy & C V A L 1st g 5s 1926
Pac R ot Mo 1st ex g 43.1938
2d extended gold 5s. ..1938
St L Ir JI& Sgen con g 5sl931
Gen con stamp gtd g 5s 1931
Unitied & ret gold 4s.. 1929
ElV& G- Div 1st g4s..l933
1933
Begistered
1st g 58.1926
Verdi V I &
Mob<& Birni prior lien g 5s 1945
1945
Mortgage gold 4s
MobJ&K Cist cons g5s.l953
Mob & Ohio new gold 6s.. 1927
1st extension gold 6s../il927
1938
General gold 48
Montgom Div Ist g 5s. .1947
St L & Cairo coU g 4s..el930
1931
Guaranteed g 4s
See Southern
<fe O coll 4s
Moliawk&Mai SeeHi
•
W
M
YC&B
J-D
M-N
M-N
M-S
W
96% 102%
10214
75 Hi 87
98 Hi 1053.
80
88
123
124
123%
86
106 Hi 112 Hi
99 106%
100 106
106% 109%
118% 122%
123%
79 Hi
New H & D See N Y N H H
N J June RR See N Y Cent
New & Cin Edge See PennCo
N O N E prior lien g 6s pl915 A-0 112%
N y Bklu Man Bch See L 1
N Y Cent & H Riv g 3>2S.1997 J-J 1004 Sale 100%
Ang'04
80
113
113
100
37 73
103 Hi
801,
99% loo's
1997 J-J
.MS
1884-1904 M-S
90^4 Sale
89% Sale
89 14 91
>
Beech Creek 1st gug4s. 1930
Registered
1936
1936
2d gu gold us
Beech Cr Ext Istg 3>2S 61951
87i.a
106%
lOOHi 116
9634 10134
98
100
Jan
105%
'03
J'ly '04
ioi"'
i06%
102
Mar'04
102
102
91'-^
l>ll!!»CEI..I.ANEOUiS
FA
FA
Convertible deb g 5s
1911
Trust Coctfs
Cont^u'talC Isl k f gu5sg. 1952
Gr liiv Cojil cS; C Ist gOs.. 1919 A.O
Jell & Clear C <fc I 1st g 58. 192(i J-D
90
81%
107%
102
107
'04
H;
J'ly '04
May'97
0ct 'OS
g 5s. 1951
5s. 1928
1 95
a 1917
Eirm Div Istcoiisol Os.. 1917
Call C M Co 1st gu g Os. 1922
De Bar C & I Co gu g Oa. 1910
Vlron Coal& C o 1st g 5s. 1949
Wha L
PCC IstgSa. 1919
J-J
J-J
J-J
106 '4 Feb '02
105 Oct '00
<S;
C
1st s
t
*No price
f
'or/' Sal e
AO no
J-J 112
JD 100
FA 104
MS 79
J-J
111
Sale
Sale
96
no
Hi
102i2l02Hi
9 1!
Sep
'04
112
1I2
102
Dec '03
104 '4 Oct '04
70
79
32 Jan '00
Friday; latest bid and aaked this week,
107
95% 102
09
90
Oct '04
82 14 465 09% 83
107% 33 106% 107%
l(r_".2
C
105
102
J-D
E&
j
10134
91
81 14 S;ao
Oct '02
105
105%Nov'01
Sale i09
ioYt'^ S^'uma, 109%
10-<%
1087s
1(15 Hi 109
101% Sale 101% 101% 30 9< 101%
99%
100% Oct (14
98 100%
100i4Sale 100
lOO'fc 300 08% 101%
104%
114 Feb'02
122%
MS
M-N
J-D
M
I2OI4
Nov'03
121
130
132%
Jan
'03
129
120
106
109% Apr "04
121
121
110
109%112%
Oct '04
121
J'ly '04
121
IO6I4 J'ne'04
105% 106%
106%Nov'00
96% May'04
9634
08
122
121
06% 97%
,
Sep '03
100
,
115% Sep '04
119%Ang'04
11334
Jan
104%Ai)r'04
104
101
115%
115%119%
113
'02
lOl^i
Mar'04
104 104%
11 102*4 106
101 101
W
New
New Hav
York
R
<fe Hart^con g 6s.. 1937 M-N
N H & Derby con g 5s.. 1918 M-N
1905 J-J
N Y&N E ist 7s
1st 63
1905 J-J
N Y & North See N Y C H
N YOife Wref I8tg48..ffl992 .M-S
Regis $5,000 only
^1992 M-S
N Y & Put See N Y C & H
X Y & R B See Long Island
N Y S W See Erie
N y Tex & M See So Pac Co
122%.
107%.
102
131% Apr '03
101%Apr'04
.
101%.
Sep
101
104% Sale 104%
101% 101%
'03
65
105
Dec '03
100
100% 105
<fe
1941 M-N
1931 M-N
ext g 6s.. 1934
River 1st g 6s
1932 A-O
Improvem't
New
N & W Ry
FA
&
Registered
108%
129%
130%
130%
110% Oct
130
127
J-J
"37
99%
87% 95%
0934
101%
101%
106
Sale
10434
106
104% Oct
105 H, 117 101% 105%
'04
101 104%
F-A
Q-F
123%
119%
112%
Sale
72
112
"8 112
99% 103
7534 14'2
75 14 Oct '04
,
75»4
75%
07% 97%
Oct '04
J'ly '99
125
132
70%
6834
07% Aug'04
122% 125
112% J'ly '03
108
09
92
118
Aug'04
7-114
98%
A-O 106
J-J
05%
101=4
Q-F
Q-F
J-D
J-D
J-D
Q-M
9934 J'ne'04
95
112
109
101
74%
FA
112%
110
'04
Atig»03
Nov'03
13234 Ang'04
125% 13234
71 96% 102%
100 Hi 101
A-O 101 Sale
A-O
J-D "95% Sale
M-N
WW
Coast Co 1st g 5s. ...1946
Pac
ac of Missouri See Mo Pac
120
a Due Jan
9134
90
112%
101% 112%
102
io6%i'or)'%
66% 79
.
J-D
fund g 4 %s.. 1917 A-O
Sink fund subsidy g 6s. .1910 M-N
Penn Co—Guar Ist g4His. 1921 J-J
Registered
1921 J-J
Guar 3%8 coll trust reg.1937 M-S
tr ser B...1941
gu g 31^8. 1916
l8t con g 53.1932
M-N
A-O
1932 A-O
certif's
Pgen gug4%sser A.'42
CI
1942
Series B
Series C 3%s
1948
1950
Series D3%s
Erie& Pitts gug3%8 B.1940
1940
Series C
N&
112
Due Feb
116
107
107
96%.4.ug'04
04 Aug'04
118 Oct '04
105% 108 14
85
111
94
119
117% Oct
113% Sep
'04
110
'04
111
117%
113%
Oct '04
106
iim
111
96Hi
100
10934 110
90Hi
92%
92%
B guar
118
J-J
114Hi...
103%Aug'03
A-O
113%...
.M-N
95
...
9534
...
J-J
J-J
J-J
96%...
Jan '04
Nov'OO
Apr '04
96
96
M Aug'04
108
0534
110
A-O
111%112H! 11134 Oct
108^4
/1I912
3d 78
BR 1st real est g4s.l923
1905
Cousol sterling g Os
Con currency Os reg...(/190o
A-O
M-N
2d7s
D
E
W&
Penn
FA
J-J
J-J
.Met
X Y
T Ju T
col tr g s
T& Tlst s
XJ
t
f
93%...
120%...
120%...
118%...
103%...
Ss.
.
g5s
1
920, J
-
J
-
J
I
Am Tobacco (new) OsTr CoclLs
101% 104%
127%Oct
no
110
03%
00
'02
Mar'04
Apr'04
107% Mar'04
121
119
121
119
121
119
94
llOHi...
U'314...
Ill
...
li'3Hi...
107%...
10234 ...
Q-F
96%
.\i-!<
87
.M-S
13
J-J
86
107
.. ..
48 Morton Trust Co ctf 3
64
S Car Co 1st s Os. 1 942 J J
Due ue /iDuej'ty
i;
. .
j
10934 11134
104% 107%
J'ne'04
100 Hi Apr '02
1109
Oct '99
H19'4 J'ne'04
105 '4 J'ly '03
110% 11034
90
94
10934
109%
i'05"
iio%
106%
!
1918[M-N
Am
Am hpuits Mig 1st gOs.. 1915
Am Thread Ist col tr 4s... 19 19
&
110%
'04
Aug'04
'J Oci '04
93% Sep '04
110
10314 104
...
l»aa;»'
Haniilacliii'ins ifc IniliiNtriiil
191.".
Cot Oil ext 4%s
Am Hide<fc 1.. Ist s g6s..liil'.'
eDae.\lay
98% 98%
IJ-M
Tel gen g 5s..l92il ."irt-N
West Union col tr cur 5s. 1938 j J
Fd auil real est s 4 H;s...l9.'>(ijiVI-N
MutUnTel s tuud 03...1911 M-N
Xorthw Tel gu t 4 His g.. 1931 J-J
<fe
'04
J-J
Telcgrnpli anil Teleplionv
Am Telop <fe Tel coll tr 48 1929 J
Conini Cable Co 1st g 48..2397|(^Erie
102
96% 99%
120
96
102
9614...
110%
108%
118
Oct
.M-N
.M-N
194'.
C guar
10534
02% Dec '03
97 Hi
97%
".i
1912
1945
4s guar
guar
1949
3%
g
C l8t73...1912
1912
Series
Series
Series
Series
Pitts Ft
31 108
Xov'08
102
118%
FA
102% 102%
10934
110
10534 J'ne'04
106
97
"i
102% J'ne'04
102 Apr '02
10334
Bdge genKUg4%8l945
107%...
PCC&StLgu4HjsA...19.10 A-O 111%. ..
Bar
6
J-D 115
A-O 109%.
1st s
BONDS*—ContiniieU on Next
Nov'OO
55
107% Oct
19211
11
100
102%
10034 100%
100%100%
100H2Mar'04
101 Aug'04
100 101
99 Dec '02
9934 May'04
99%101%
99HiNov'02
90 Hi
90\ 150 86
93%
8314
89% 16 86
91 Hi
89 Hi
8 85% 91%
89 Hi
108 14
Coal and Iron
Col C & I Dev Co gii g 5s. 1909 J-J
Col Fuel Co gen gold Os... 1919 M-N 105 14
Col
<fe 1 Co gen s I g 5s.. 1943 FA
101
li)7%J'iy'0()
X Y L £ <& W See Erie
NY&LongBr Se^CentofXJ
N Y <& X E See N Y N H & H
&
100
100
91
10i>%
1
Apr'02
95
"""
99
M-N
M-N
A-O 113%
A-O 116
F-A 10714
R W&OTR 1st gug 58.1918 M-N
Utica& BlkRivgug4s.l922 J-J 105%...
N y Chic <fe St L Ist g 4s. 1937 A-O *104%104Hi
Registered
1937 A-O
N y <fe Greenw Lake See Erie
N Y & Har See N Y C <fe Hud
N Y Lack <fe
See D L &
Begistered
100%Apr'04
98%
Registered
1 9()r
Lake Shore coll g 3 "^s... 1998
1998
Rogislered
1998
Mich Cent coll g 3 Szs
1998
Registered
Kau ci
1951
IstgSHis
1952
Bat C <fe Star Ist gu g 38. 1989
y & Harlem g 3%8...2000
Registered
2000
NY<& North Ist g 5s.. .1927
R W<fe O con lat ext5s. A1922
Oswe& R 2d gug58...el915
C St L <fe P
10134 j'ne'04
Kegistdeb 5s of.. .1889-1904 MS
Debenture g 48.. ..1890-1906 J-D 100 >u
1890-1905 J-D 100 Hj
Registered
1906 M-N
99
Debt certe ext g 48
"v
108 '2 109
Guar3%scoU
<fe
Pleas Val Coal Isl g 8
Teiiii Coal gen 5s
Tenn Div 1st g Os
1941) J-J
1940 J-J
N
Tr Co
<fc
of.. .1884-1904
JJ
Oswego & Bome See NYC
124% O C F & St P See C <fc X W
120
<fe
sold 5s
191 S
JL& S Istg 3%8
113%113% Panama
1021-4
1'
McKee8&BVl8tg6s
110%115i4
103%
7934 Sale
89
10434
Since
January
High No Low High
100%
Mich Cent Ist consol Gs. 1909 .MS 109%
5s
1931, M-S 122
11834
Registered
19:^11 Q-M
11334 Oct '04
115
1951 A-O
Ask Low
Ranqe
or
M
J-J
2(1
J-J
1934 J-J
W
113Hs
119 Hj
117
MS
FA
McK&Y Ist guOs. 1932
,
J-J
Registered
78.1901:
KaAcfcG Rl8tgucos.l93K J-J
Mahnn C'l Rli 1st 5H..1934 J-J
—
lien 4H2S.1926
Registered
Debenture g 48
Det Mou <fe Tol Ist
105% Xor& South 1st g53
93% Norf & West gen g 6s
102
11934
10634
113 Dec'99
113i2J'ne'04
113 J'ly '04
Debenture 5s
gold3%8
Rfgistered
1st con g 4s. 1996
1996
PocahCife C Joint 4s. .1941
106%
104 109 14
CC<fi;Tlstgug5s
1922
.M-S
Scio V <fc N E 1st gu g 48 1989
F-A 108%
108Hi IO8H2 16 10334 108% North Illinois See Chi & N
FA 951a 9534 95 Hi Oct '04
91% 96
North Ohio See L Erie &
100 May'Ol
J-J 101%
Nor Pac Prior hen g 4s.. 1997
FA 103 103 Hi 102HjAug'04
101 103%
Registered
1997
J-J lla'allO 116 Oct '04
109% 116
General lien gold 38
a2047
II6I4 18 111% 118
116
A-0 II512
Registered
a2047
10934 Oct 'Oo
A-0
St Paul-Dul Div g 4s.. ..1996
94 Sale
9314
J-J
94
84
Registered
94
1996
94 Sale
9334
M-N
94
91
96
C B & Q coll tr 4s See Gt Nor
M-N
StP& X P gen g0s....l923
M-S 100
Registered certilic's..l923
112^2
lllH2Mar'04
St Paul & Dul Ist 5s
1931
111%111%
95
98
95
95
91
2d 5s
1917
95
1st consol gold 4s
1908
128% Sale 128H2 128% 12 12334128%
Wash Cent 1st g4s
1948
Q-J 119
121 Apr -04
121 130
Xor Pac Ter Co 1st g 6s.. 1933
MS
97
94HiJ'iy'04
90
94 H; Xor Ry Cal See So Pac
11434 Sep '04
F-A 11514
<& O
tll3%116% Xor Wis Se« C St P
92
92HjJ'ly'04
88% 92Hi Xor & Mont See N Y Cent
IOOHj
98HiNov'03
&
See C C C & St L
OInd
hio River BR 1st g 5s. 1930
General gold 53
1937
Ore & Cal See So Pac Co
Ore RB & Nav See Un Pac
Ore Short Line See Un Pac
11934
W
T&P Brancli Ist 6s 1917
Flor & Shot See L & N
1st consol 4s
2301 J-J
1997 J-D
1997 J-D
i928
<fc
i03"NoV'0i
...
11934
IU634 Sale
Monongahela Biv See B <fc O
Mont Gent See St P M <fc M
Morgan's La & T See S P Co
Morris <fe Essex See Del L &
Chat & St L Ist 78.1913 J-J
Nash consol
gold 5s
1928 A-0
l8t
Jasper Branch 1st g 6s. .1923 J-J
McM M <fe Al 1st 6s.. 1917 J-J
Nash
Natof Mex prior
Lak<: Shore
Housatonic
97% 99
'04
86 Sale
85
84H2
102 "i 103 V 102
105%
87 Oct '04
85
IO2I4
105 H: 105 'i
9234
94
94 Sale
109 12
109 Hi 10934
10534 Sale 105
106
106 Sale 106
100
105 lu
109 Oct '04
F-A
1944 M-N
Ist ext sold 5s
St L Div 1st ref g 48.. ..2001 A-0
1st gu g 5s.. .1940 .M-N
Dal <fe
Kan C Pac let g 4s. ..1990 F-A
E 1st gu g 5s. -.1942 A-0
Mo
118
98
113
95
97
Minn Uu See St P M &M
Mo Kan <fc Tex 1st g 4s. ..1990 J-D 1013il02l2 101%
firl990
113
120% 120 %
111
12012 Feb '04
121
Jan '02
117 Oct '04
11534
I13>2.
A-O
J-D
1934 .M-N
Ist consol gold 5s
1st and refund gold 4s. .1949 M-S
Minn <& St 1, gu See B C E <&
,
Resist ere<l
W
Dec'OS
Oct '04
142
113
,
Range
104
X J June R gu
Ny<toPnl8tcongug4« 1993 A-O 101
Xor
.Mont Ist gu g 5».]91(> A-0 InO
West Shore Ist 4s gu... 2361 J-J 100
48
Registered
<fe
2d gold 4s
MS
Ist 48... 19^1), FA
Pitts
J-J
Minn <& St L 1st sold 78. .1927 J-D 140
1909 J-D llZi^,.
Iowa Ex Ist gold 7s
Ex
& Ad Ist gu g 48.. .1981 J-D
Coal Ists f4H.1940 J-J
Goiiv<fc(J8we l»t gug5s 1912 J-D
Mohife .Mai 1st gn g 4b.. 1991
Clivarf lilt
il5"'ii7'^
115
115
112 117
105% Sale 105% 105\ 10 IOIH1IO7I4
103% Dec '02
J'ly
Week's
Last Sate
Hid
H H—fContinu^<L)
<fe
Fnee
t'Ttday
A'MJ 4
<fc
A-0
A-0
MU L S & W See Clue & N W
Mil & Mad See Chic & N W
MU & Xortli Sec Ch M St P
Pacitlc
Cent
2d guar 6s
S
anhattau Ryconsol48.1990
1990
Kogistered
Metropol Kl Ist g 6s. ...1908
Man S
Coloniz g 5s. ...1934
McK'pt & B V HeeNY Cent
Metropolitan El See Man By
Mex Cent consol gold 48. .1911
Ist consol income g 38.al939
2d Consol income g 3s..ol939
1917
Equip & coll gold 63
1919
2d series gold os
1907
Coll tr g 4^28 1st Ser
Mex Internal 1st con g 48.1977
1977
Stamped guaranteed
Mex North
NY
J-J
A-0
lJdgo(:ogug48..1945 M-S
L >; A & Cli -See C I & L
Malion Coal ,Se« L S & M
00
i'so'i-L
J'ne'02
Nov'99
IOII4 Oct '04
107 "v Oct '04
05 Del '04
101»8
10738
9H71 J.J
LANAALtM l«tK4K2Ml945i M-S
N'youtli M joint 43.1952 J-J
Apr '04
122
75
113
106
1
Cart
liz^i
1-.
19^0 M-S
2ilK0li» 3s
L<fc JelJ
122^4 Aiig'03
11 6^0 Mar'02
ua^
Henrier B(l(felHt sf k6s. 19311
'
108 "4 Jiiu '03
130 Oct '04
122
«-2
STOCK EXCHANGE
Wkkk E.vDrNo Nov 4
5i
N. Y.
High Ao Low High
105«8
ISOHi
1920 M-S
January
[Vol. lxxix.
8
liO.VDS
Since
Last Sale
Ask Low
Bid
SaaUv—( Continued A
<&
Range or
lyiday
Jfov 4
—CoDtinued— Page
Range
Week'
STOCK K.XCHANQE
Wkkk kkuino Nov i
y.
LouUv
J
I
'
88 Hi
94
87%
Sale
Sale
I
104
107
103
00
87
93
86
107
0334
105
-
p
Due Nov
£
101
107
100
100".^
J'ue'04
J'ly '04
95
70
82
74
Oct '04
87
--J
04 \
86
108
lo7
10334
100
87%
94%
88
13731107 108
6334 65%
65 H. 221G
Jan'00|.
Option
Hi
sale.
—
—
1
—Concluded—Page
BOND8
Nov
Coiisol frold 4s
\\\H
1101-2
120 V2
963^
108 '8
12038
110
Oct
Sep
May'04
1201-..
Oct
J'ly'04
98
Apr '02
W
137
109i4ll2"8
Ill
&
116
116
&
1191*119%
Nov'97
120 Oct '01
112 la Dec '02
12212.
Pitts <fc h Krie2d g 5s...al92b
Pilts MoKeesA Y ieeNYCeu
L, E 1st g 6s. ..1940
Pitts Sli
1943
1st cousol gold OS
West See B O
Pitts
58.1927
con
Ist
Ash
Y
Pitts
.
114i2Sep'04
98 J'ly'97
.
.
114%117ii,
117 1-2 Oct '04
112V!
140
101 'b Sale 10134 102
7
100>2 99 14
100
96
90 13
96 Sale
KeadingCo geug43
1997
1997
Registered
Jersey Cent coll g 4s.. .1951
Rensselaer <fc Sar See D & U.
101
118" i22"'
10734111%
'04
II914 Apr'04
•120»4.
Pine Creek reg guar 0S-..1932
Pitts Cin <fc St L See Pen n Co
Pitts Cleve & Tol See B <fc O
See Peun Co
<& Cli
Pitts Ft
1922
Pitts June Ist golvl 6s
llliulie
67
70
llli2J'ly'04
68 J'ne'Ol
87 la Sep '04
B R& P
Og See N Y Cent
n4%n7%
94=8 102
98
9138
100
97%
110%111H
63% 68
87% 87%
See
1941
Rutland Ist con g i^a
Rut-Cauad 1st gu g 48.. .1949
&
H
See Pore Warq
Tu8
Sag
tJoc&ar Isl Ist g 4s. ..1947
St La,w & Adiron Ist g 5s. 19915
1990
2d gold Gs
St L <fe Cairo See Mob & Ohio
P
St L & Iron Mount See
St L K C <fc N See Wabash •
103
10334 May'04
10334104
lOlUNov'Ol
93
92
31>a.
84
93
M
126
100
87 Va Sale
W
123%
,
'04
87%
576
123% '"i
87
98
19u
100
85%
85%
79^8
81
II6I4
J-J
101
88
J
Ar gu Istg 6s.. .cl9()9 J-J
clOlO
1905
S Pof Cal Istg 63
1905
1st g 6s series B
Ist g 68 series C A D...1900
IstgOs series E A F...1912
1912
1st gold Os
1937
1st con guar g 5s
1905-.. 1937
Stamped
S Pac of N Mex Istg 6s. .1911
1905
Tex A N O 1st 7s
Sabine Div IstgOs. ...1912
1943
Con gold 5s
1994
Southern— 1st con g 58
1994
Registered
Mob A Ohio coll tr g 4s 1938
Mem Div Istg 4%-53... 1996
1951
St Louis div 1st g4s
1918
AlaCen B Ist g 6s
1948
Atl A Danvlstg4s
1948
2d 4a
Atl A Yad 1st g guar 4s. 1949
1910
Col A Greenvl8t6s
Va A Ga Div g 5s.. 1930
1956
Con 1st gold 5s
1938
E Ten reor lien g 5s
1922
GaPac Ry Istg 6s
Knox A Ohio 1st g 68... 1925
1915
Rich & Dan con g 6s
1927
Deb 5s stamped
Rich A Meek 1st g 48. ..1948
So Car A Ga Ist g 5s. ...1919
Virginia Mid ser C 6s. ..1910
1921
Series D 4-5s
1920
Series E5s
1930
General 5s
1936
Guar stamped
1st cy gu 4s.. 1924
OA
West N C 1st con g 0s..l914
1st guar g 6s
. .
10318106% Stat
J-J
100%
A-O
.vo
A-O
A-O
A-O
M-N
M-N
113%
91%1003(,
M-S
'4
109
105%
'
M-S
181
ANY
See D
LA
g
117-
AO
J-J
J-J
J-J
J-J
124
118
J-J
.
110
Jan
110
105
.
104
104
106 May'Ol
102«BOct'04
102«8.
Mmn Union
1922
MontC
l»o7
Registered
1937
Istguar gold 6s
1937
<& 8 F l8t gold 68. .1938
Bt P & Nor Pao See Nor Pao
St P A S'l City See C St P
&0
Salt LakeC Ist g st 6s.. .1913
SFePresA Pli Ist g58... 1942
6 A 4 A P 6'ee So Pao Co
S F A N P l8t sink I g 6s. 1919 J.J
Bav I" & West See Atl Coast L
Scioto Val & N K <S«« Nor A W
Seaboard Air Line g 48 ...1950
Coll tr reluud g 6s
1911
Car Cent Istoon g 48. ..1949
Ist g 68
Istgug 68
125 "n.
Apr'04
Apr '97
11634 Sep '04
1341a
118
Wm
.
M
82^4 Sale
Ist land gr ext g os ...1930
Cousol gold 5s
1943
Ga<& Ala Rylst con 68 01945
823*
66
104
92i4Ang'04
100 Sep 00
96
81
101%
101 la 102
96i«
106 >4
FlaCenA Pen l8tg68.191»
'04
110
113»4Dec'01
91
S3%
104
93
100
106'4
10434 J'ly '04
109% Oct
QaCar<fe No l8tgug68 1929
Beab A Roa Ist 68
1920
Sher Shr A So See
KAT
SU 8p Oca A G See Atl Coast L
Sod Bay A So Ist g 68
1924 J.J
So Car A Ga See Southern
So Pao Co— Coll tr g 4 »a8. 1 905
Qold 48 (Cent Pao coll) . A:l 949
103*
.
110*4
.
1
M
104»4 10434
102 10934
'04
109 Sep '04
llli4Mfty'03
102
1021a
105% 109
111%
112
94»8 Sale
9414
94 % Atig'04
113»9 0ct '04
10134
102
99 % Mar'03
8834
8834
fcl949
A AN Wist gag 58.. ..1941
110
Cent Pao Ist
ret gu g 48 1949
Registered
1 949
Mortguargold3'g8../il929
GalHar A S A Istg0s..l910
2d gold 78
1905
10134 Sale
8810
89
Wabash
1939
1939
Debenture series A
1939
Series B
1939
1st lien equip s fdg5s..l921
Ist gold 68
2d gold OS
109
103
Mex A Pacl8tg6s
1931
OUa V G A N l8t gu g 58.1924
109% Oct
107
104
103 "v
1933
'04
8834
109%
00% 10334
Sep '04
110
Oct '04
10714 Oct '04
105 IIOI4
1061410714
103% J'ly '04
103% 103%
103
110
110
110>a
W Tlst g 68.1933
84
107
1
10538
113%
119
110%
109
103
111
108
I18'\
Feb '04
1083*
103
109
W:>
11834
110
97%
115%
93% 99
115 117%
96%
0234
'04
'04
114
May'04
-.11%
!!6%
90
90
118
12334
116%
109
112
1
12134
1834 12334
20
114
112
87
J
107%
118
113
117
125
118
112%
87%
103% 110%
Feb'02
109
Jan '03
Oct '04
109
110
110
117
110%Way'04
93 Dec '03
110% 112%
11534 Sep '04
112%117
117
J'ly '00
104% Sep '02
118
100
112
110
118
...
...
Sale
12068
% Sale
93%
100^8
121%
94
May'04
Oct '04
100% 100%
112% J'ly '04
1003o
100
110%
114
111
107
96
92
10863
94%
91% 93
89
00
80^8 Sale
96%
112% 113
93%
105% Sale
103% 104%
110% Sale
10969 Sale
103
125
118
104%
110%
104%
110
Sep '04
100
115
80
108
1211.
943..
104
112% 116
111
Sep '04
Oct '04
Oct '04
103% 10734
906(,
81%
101
91
86
81
68
94
95% Sep '04
112%
93% Oct
105
I25I4 125
Sale 118
Sale 103%
9434
110%
106%
Mtty'04
803.
104%
108%
109%
103%
102
122
Oct '04
Sep '04
90
112%
110
112% 118%
98 100%
110 112%
109%Aug'04
1053< 10534
'04
111
96
92
90 »9
82%
96%
106% 113
9134 94 •'i
323 10034 106
105%
104% 10 10038 104%
11468 9133
94% 11469
109% 30
9634 110
103
125
S<
18
98% 103%
125%
118%
104%
4 120%
118% In 111
IO414 1^51 9934
Dec '03
114%Apr'02
112
107
117
110
M-N
F-A
J-J
J-J
MS
'
110
Sale
Sale
99
65 % Sale
95
96
DetA Ch Ext Istg 68. .1941 J-J 1H%115
Des Moin Div Istg 48.. 1939 J-J
OmDiv l8tg3%s
1941 A-O
8234 85
Tol A ChDiv Istg 48. ..1941 MS
95
St Chas Bridge 1st g 6s. 1908
Warren See Del Lac A West
Wash Cent See Nor Pao
W
6'ee
AG
106
117
110
95
6434
102
112
90
100%
Sep
100% 106
114% 119
106% 110%
'04
117
110%
J'ly '04
94
66^1 802 56
'04
102
Jan
112
"2
Feb '04
95
686g
102
106% 112
90
90
8368 Aug'04
7078
831^
95
95
95
95
109% Mar'03
Southern
W
Wheel'g
52
119
W
97^8
943,
10434
.
10939...
'
903s
1006«
11568.
91
Uni N J RR A C Co See Pa RR
Utah Central See Rio Gr Wes
Utah A North See Un Pacihc
Utica A Black R See N Y Cent
Val Ind A
-See Mo P
Ver
irglnla Mid &'ee South Ry
Va A Southw't Ist gu 5s.2003 J.J
West Maryland 1st g 48. 1952
102% WestN Y A Pa Ist gSs.. 1937
Gen gold 3-48
1943
96
87%
Income 58
<il943
8534 04%
West
Ry
No
Car
South
See
97 1136b
VaCentA P Istg 68. .1911
9714102%
102%
123
109
115
117
108
M
Wa*h O A
Jan '03
107%
100
107
108
101
87% J'ly '04
88
107%
114%
General gold 58
. .
102 Is Sale 102%
.
120
114%
A-O 110
109^8
11134 Sep '04
Sale
Sep '04
Oct '04
Sep '04
Jan '04
Sep '04
118
112% Sep '01
.
Jan '04
111
104
102
110% Oct '04
1193j
121%
111% Oct '04
12334
121
112% 11,-)%
114% 114%
123
118
llO'g
A-O
M-N
WIN
M-S
M-S
M-S
M-N
M-N
F-A
117
116%Apr'01
96%
1'30%
10534 ll:i'\
10038 102
Feb '04
110% Oct 'OJ
118
11934 Sale
11238
123\ Sale
MS
llSia.
1113*
100
76
105
'04
1 04-4 Sep '04
113 Oct '01
114%.\pr'04
108
103
109
103
118
110
113
'01
117%Apr'04
92
11663
116
M-N
Apr '02
11134
112%
10468 107
95% 96% 96% Oct '04
89% 91
90 Sep '04
J.J
J-J
W
58... 1935
'04
lOO'iaOct '04
102 Oct 'OH
98% 99% 98% Oct
WMinWANWl8tgu5s'30 FA
1935 J-J
IstgSs
Tol A O
Ist
Sep
Jan
Jan
116'8ll7% 115% Oct
J-J
J-J
J-J
128
135
115
110»slloa8 110
110
134 "a...
134"8 1341%
140 May'02
118i4SaIe
116
90
90%
122%.
g
Ry Ist gu g 4%s..l943 J-D '100
Western Div
Higit
130
121
119
lion's
LM
70% 86%
65% 81
,
ll;-'^8
.
51
,
lI3'-2
'I'erAof St List g4%3.. 1939 A-O
110 113% 1 1st con gold 58. ..1894-1944 F-A
1953 J.J
98%
Gen refund s f g 4s
96
BgeTergug5s.l930 A-O
100 100
St
79% 87% Tex A N O See So Pac Co
94
Tex A Pao E Div Istg 6s. .1905 M-S
94
2000 J-D
U9%123% Ist gold 5s
92000 Mar
2dgoldinc58
87
78
1931 J.J
La Div B L Ist K 58
31
,
102%
FA
J-J
J-J
J-J
,
IOII4
'IO8I4
10134
J-J
106
118
100
88
A Nor
Isl
Loiv
110
112
90% 90
89
Hi I4
108% 109 1^ 10963 Sep '04
109%
llO'^Oct '04
J
W
EMinnlstdiv I8tg6s..l908
Nor Div l8tgold48
1948
A
of
A-O
1935 J-D
Kan A
1st gu g48....1990 A-O
1st gold 48. ...1917 J-J
Tol P A
TolStLAWprUeng3%8.1925 J-J
10718 112
1950 A-O
50.year gold 48
130 134«8
Tor Ham A Buff Ist g 48. /il946 J-D
107% 11234 Ulster A Del 1 st con g 68 1928 J-D
1952 A-O
Ist refund g 48
109%11134 TJn Pao RR A 1 gr g 48 ...1947 J-J
Registered
1947 J-J
100 104
letUen convert 48
1911 M-N
Registered
1011 M-N
102»8l04%
Ore Ry A Nav con g 4s. 1946 J-D
Ore Short Line Istg 6s.. 1922 F-A
1940 J-J
Ist consol g 58
133 13568
1927 F-A
4s A participating
1908 J-J
Utah A Nor 1st 78
114%11634
1920 J.J
Gold 6s
117 117
11134 Sale
Januarii J
Week's
105 ^H
J-J
12234 127
,
97 12 Sale
85 \ Sale
80 '8 Salt,
M
1st guar 68 red
So P
103% 103 "a Syra Bmg
'04
Oct '04
85
Sale
98'2
Jan
8618
94
KC<feMR&Bl8tgu58.1929
Sep
II318 113% ""i
981a Oct '04
97%
124
87
5
1061a loevj
10356J'ne'04
103>8
10318
126J8
11318 Sale
99
St Louis So See Illiuois Cent
Ist g 48 bd otl8.1989
St L 8
2d g 48 ino bond ctfs.. .1)1989
Consol gold 48
1932
Gray's Pt Ter Ist gn g 58 1947
St Paul <fe Dul See Nor Pacltic
<& Man 2d 6s. ..1909
St Paul
1st cousol goIdOs
1933
Registered
1933
Reduced to gold 4'as.. 1933
Registered.
1933
Dakota ext gold Os
1910
Mont ext Ist gold 48.. ..1937
Registered
1937
Hous E
1907
Cal 1st gu g 6s
1938
Guaranteed gold5s
Ore & Cal Ist guar g 5s. 1927
S A A A Pass Ist gu g4s. 1943
of
Spok
K C Ft S& M cong08..1928
K C Ft 8 & M Ry ref g 48 1936
Begistered
No
W
W
J-J
SAN Ala See LAN
Falls
Ist 68. 1939 J-J
M
Br See T RR A of St L
St L
St L <& S i'rau 2d g 6s CI B 1900
1906
2d gold 6s Class C
1931
(ieneral gold Os
General gold 58
1931
StLifo S FRBcon3g4s..'96
SoutUw Div Ist g 58.. 1947
Retuuding g 48
1951
5-year gold notes 4»a..l908
Jlanqe
Sincf
Last Sale
,.
ET
Rich & Dan See South Ry
Rich & Meek See Southern
Rio Gr West See Den & Rio Gr
Rio Gr June 1st gu g us. ..1939
1940
EiogrSo Ist gold 48
1940
Guaranteed
Range or
Xov 4
W
120%123%
lim2Sep'04
112'
Price
Fridaii
Jiid
ASk Low
High
Low HiQh Southern Pao Co (Continued)
II2I4 Oct '04
ai%lll% H A TClstg58inlgu..l937 J-J 112%
113 Sep '04
Cousol g Os int guar. ..1912 A-O IIUI4
90 Sep '04
94% 103
Gen gold 4s iut guar. .1921 A-O 94
lb '02
127% Feb
Waco & N div iRt g Os '30 M-N
130 A])r '04
Morgan's La A Tlst 7s. 1918 A-O 12734
1920 J-J 120'8
121 May 04
Ist gold Os
108% 110
N YTAMex gulstg4s.l912 A-O
ii6%iYi"
'04
121
101
109
STOCK EXCHANGE
Week Ending Nov 4
N. T.
,
'04
112»2ll3-'4 112i4 0ct'U4
SagTus<fc H Istgug 48.1931
Phlla <fc Reading cons 78.1911
<fc
110
lulSg
WM
Rome Wat
U234 Mar'OO
Sale
99»8
1920
l^-hntcfePiM s lis
1939
Isi cousol gold 5s
Pt Huron ijiv 1st g 5s. 1939
Pitts
106
"u
110
gug
N
<fe
Hiijh.
103^4
101
Suncfi; Lewis Ist g 4s. ..1930
U J KR & Can gen 4s. 1944
Peusacola & Atl See L & Nasi)
Peo & East ^ce C C C cfe St L
Peocfe Pek Un 1st g Gs.... 1921
(^1921
2il gold 4128
os 1921
Peve Marq— Ukcfc
Koch
Loio
Since
January 1
2075
BONDS
Sange
l2
a? CO
Ill la Sep '04
106 Aug'03
1(101-2
103 502
102 Nov'97
100^2
DKRK& Bffel8tgu48ff.'36
4 128 1941
&
Ask
112%
CouvertiblegSiiS
AUeg Val rod ku K 4s. ..1942
C1& Mar Ist gu g 4'i2a..l9;i5
&
Last Sale
4:
Bid
1919
1943
1912
Cousol gold 58
Range or
Priday
Pen II
ex Ist
Week's
Price
STOCK EXCHANGE
Week EirorNo Nov 4
KU (Continued)
K. y.
I
4
Bond Record
:N'ov. 5, 1904.]
(irR<fe
5
A-O
87% Sale
J-J
118%
A-O
Not
9434
J-J
lilt's
A LE Ist g 5s... 1920 A-O
Wheel Div 1st gold 58.. 1928 J.J
Exten A Imp gold 5s. ..1930 F-A
20-year equip s f os
1922 J-J
l8t consol 4s
1949 M-S
Wilkes A East See Erie
A Sioux F See St P A
Wl8 Cent 60-yr Ist gen 48.1949 J-J
87%
87% 119
95% 95%
95%
40
Mar'Ol
11214
112
112
Sep '04
Apr'04
110%
109%
110%Mny'04
109
98
111
88
11734
9638
112
109% 114
110% 110%
109
100
86
Apr'04
100% AuK'04
911.
92% 91%
102
91^4
84
11734 Oct '04 '"2 115
109
103
92
M M
WU
92
Sale
91%
92
33
88% 93
ftllSCKbLANEUUM BON U.S—Concluded.
ManiifnctiiriiiK tk Indiintrial
Consol Tobacco 50-yrg 48.1961
Registered
1951
DistUSecCoroouv l8tg58.'27
Distill of A mer coll tr g 68. 19 1
111 Steel Co deb 68
1910
Non-conv deben 6s
1913
Int Paper Co Ist con g 68.1918
Int Ht Pump 10-yr couv. Os '] 3
Knicker Ice (Chic) lHtg58.'28
Lackaw .steel Ist g f>s
1923
N at Starch M f g Co 1 St g 68 1 920
Nat Starch Co 8 f deb 5s.. 1925
Stan Rope A T Istg 68. ..1940
Income gold 6s
1940
V S LeathCo8fdebg68..1913
ealty A I oon v deb g 68 '24
U S Steel Corpcollr2d6».rf'o;-i
Registered
April 1903
Van
*??^.'''i^'^! ^*?"*
'*''*
jHiacellnneouci
F A
F A
AOI
74%
74''8Sale
74
76
Oct '04
75% Sale
J J
96%
J J
03%
A
92 %
F A 108% 109%
109%
J J
102»8l03
103
A.Ol
97«8 97%
10238 3alc 10134
1023h
87
94 % 90 Sep '04
A
M-Nl
J J
64
38
F-Al
269
M
N
J
J
M.N|
*°'* **''*'^
99
99
92
70
75% 690
3%
oDueJan
2;<
03
Oct '04
1
1
95
70
3
5
'04
334
'04
1»
H9%
90%
52
84
88
87
85%
<)DueFeI)
.
. .
1%
10734
4004
7
e
92
9238 1023h
87
03
35
80
6834
68*4
Newn No
70
47
4%
113%
Ship
ADD
58 rfl990 J-J
50-yr Istg 48.. 1951
Ht Joseph Stk Yds 1 st 4 %s. 1930 J-J
St LTerCupplesStnt'u* Proii
Co l8tg4%8 5.20 year.. 191/ J-I)
S Yuba Wat Co con g Os.. 1923 J-J
90% N Y Dock
.Sp Val Wat Works 1st Os. 1900
92
88% U S Bed A Ref 1st s f g 08.1931
87
Dae Mar d Duo Apr ADueJ'ly
fc
103
103% 103
Duo Aug
100
103%
103%
10034 J'no'02
.
ChicJcA St Yard col g 58. 191 J-J
DetM A M Idgr incomes.. 1911 AC
105% 1 09 % Hoboken LAI gold 5s. ..1910 M-N
97 103% .Mad S() Garden Istg 5s. .1919 .M N
97% 97 % Man Bch H A L gen g 4s.. 1940 M-N
92
109%
113% Oct
H934 Sale
86 7e Sale
87 Sale
1948 M-S
77% Adams Bi col tr g4s
Am Dk A Imp 58 See Cent N J
74
1 920 M-N
61% 76% Am SS Co of W Va g 58
63»4
5734
B'kl'u FerryCo l8lcousg58'48 F-A
Sep '03
Jan '99
Feb '04
40% Oct
42
110
M N
73%
2469
62 Sale
10734 Salr
79
80
FA
92
MS
08%
76% 70
'1
02
10734
80
76% 83
'04
50
Feb'02
91
Oct
112
60
0634
10734 10734
63
10734
Sep
89% 91%
'04
112
J'ly '04
113%J'ly'00
76% Oct '04
<1
112
0"H^
Due Oct p Due Nor {Dua Deo «Opttona«U
2 11
.
BOSTON STOCK EXOS^NGE-Stock
Shnrp I'ricpn— Not Per Cfniuin
Mnnitaii
29
Oct.
87 '«
833j
873.
1
261
153
"-J
31
Oct.
-Jo 1 Si
'-.•153'...
••J40
IW "a 164
Si
A'o". 1
Nov. 2
H>'^
153
ir. i'..
23012 251
153'2l53>«
240
240
240
1U4
lOJ
164
'ir.W
80
101
85 k
10134
10134 1013,
251k 25 1 k 252
'v
liilia
101
I4
•153
153 k
*240
•240
1 04 k lOlk
164k
303
153
303
152
'302
,153
153
'302
I52I2
152
•302
152
150I4
•185
185
1
Do
'04
16'J
&
Maine
138
138
50
82
«81
48
81
172
13
55
13
•65
S;
172
12
104 '4
201
*
201
76
77
*
53
'
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*92
112
\:v>i
5534
IHSi
75
170
92
111
170
92
111
77 h
51
75
50
'40
50
94
92
94I2
94H2
y)7g
9178
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17"t
202
76
201
'40
50
94
94
110ibll3
1334
55
194
'
75
'
VbK
194
203
70
'
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19378
1334
5512
I714
1'.'5
'201
50
94
".J
1334
5r>34
*17''2
194
138 .138
4'<
48
•31
82
138
50
82
nrcf
1
Con& MontCla8«4..100
SC<1)
'-4
10838 111 !«.
*94'2 9512
9178 917e
111 '^411114 '111 ...
"
.
.145
*20
20^4
*82'2
83
C
24^8 247s
143 '.J U5
137 137
143^4 144 k'
17^4
17^4
8358
19
81
19
83
1834
1834
80
6
6
81
6
579
24'8 25
1423^1451"
13(3
130
143112 144
18
-IS
334
120
14 14
•11?*
1334
-7
7'v
250
191
191
•I'-i
135
228
*8
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250
4S<
104
120
I4I2
22-2
25
5
5434
313^
22
'24'2
"o
25
104 1 01
•54
5434
31 12
12
12
<4
81
6
61.
2014
25
14434 14038
25
137
144
17
8334 84
136 k
144
18 14
84 k
3 '4
1363..
'4
143
17
Last Sale
7I4
"634
•Ik
4138
133
226
220
*8
•Ik
I'l
133
Last Sale
Last Salt
225 k 225 k
•8
8',
834
lllk 112
Last sate
110kll2
23
'
k
41
83 k 833.
191 191
I'^f
133
m'k 170
'
4112 4lSt
8318 -31,
1903^ 191
17»'
7k
250
lib" 175
221..
'
6I4
25U
2-26
834
1111-;
*8
111
2434
41..
k
714
226
83,
1 13
81
*ii7i4 11918 '117 78 119
15
15
14 k
14
7
228I2 a;225i2 2 25 M
111
18k 19
81
14534
334
133 la 133-8
104
5434
31^2
84 14
*ll4
1
83.
•24'2
84
135 k: a;133'2l33'2
114
*
I8I4
4134
190
134
1431.2
42
8318 8318
190--4 191
4
8318 H3i8
190
I'^f.
142
18
83
"2
1734
250 250
'I7312I75
4m2
8:34
141
•eia
714
7
144
130
118
14
15
15
2478
144
137 14
^1
'
117^120
250
251
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179
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8.!\,
334
801a
578
25
13,^ '2
141
8318 84 '2
84
*
*24'.2
I8I2 19
'25
2434
«4i4
4k
1041^ 105 14
54 '4 54I4
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IO312IO412
54 14 541.
-3138 32
•3138
12
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"4k
105 14 10534
54
64
^2
13
Sikj
31k
91=8 91«8
Last Sale
1-4 4.
'Zm
21
i^'^H
70
82 7j
•70
-61
19'-.
19
97
85
'94
97
85
100
i\
4
VAh. 1434
69
7012
13
241-2
•00
13
25 Sj
1
-85
••70
19
15
0834
71
'12'
33 \
3334
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171.^
34-'4
••50
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012
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595
-43
19
97
la
851.2
4I4
71
4=8
1438
7434
74
1334
13
13
41.
1434
*123,
•90
•70
3034
8 '4
•712
•40
43
1
•65
1
33%
34I4
•50
634
29 12
29
•71a
•45
8
•47
"ti'o
bii
"62 '4
11'.
11
12
121,
58
5S
58
11^'b
58
58
1076
3
IOI2
IO1.J
31-2
334
334
33,
3
10
21
213,
Ya
20
5=8
80
.J
3.
'
•80
10
53
53
4i
&'>8
82
k
97
97
8538
8536
'9
3^8
33,
2134 221.
2=^
2 ••'8
23I4 20'-j
638
6
•80
•90
Ola
•75
10
10 12
934
511a
6312
6
511.2
5=8
22
'4
64
la
479
14«g
7238
43.
15
's
Last
13k
Hi
34
••50
610
1
•95
17
34 k
27
91
^8
1 's
28
93
2738 28
'4
'4
II4
lis
28 '2
911a 94
27
28
26
1'4
CO'-jlOii
m. l»e
104
134
108
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7
123
124
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125
138
1034
31118
2'l8
26
1
•90
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52 12
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4
103.;
378
20 14
25
7
20
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134
103
12
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104
615
*
3 '8
2434
4
334
2538
214
214
2034
25 k
k
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27
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7I4
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1
934
IOI4
55
54
538
14
11
43
438
llVi
loo
238
16
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11
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7''s
122
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ll'ib
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8
106
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11
100
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]
23,
100
212
11
99
4=8
1134
100
238
{Before pay't of assess'tscaUed in 1903.
4314
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4',
1134
99
238
(i
121.1
100
•11
43 14
4Tg
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loo
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k
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aiar'04
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431,1
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107e
100
2"32
ctls..
i
',4'63
434
Ilk
100
2k
New stock.
290
J'ly
305
liar
133
110
184
160
Sep 157 Jan
Nov 125 Jan
Nov 196kMar
270
Aug 286
131
J'ly 143
Jan 170
Ja.n
9 Nov 26 Feb
Oct 25 66 k Nov 86 1( Feb
Nov 2
3 Sep
7 Mar
27k^ep 10 12 Sep 24 Mar
17
122kKeb24 146% Nov
107% Oct 134 14 Jan
140 Nov _ 116 Aug 123 k Dec
122 k Jan
119i4Febl9 145% Oct 24 114k Oct 169 k Feb
9
Feb 19 20
83
"
'4
Oct
Oct
034
1
1478
Feb
08k Jan 19 85 Oct 26 65 Oct 79i4Jan
534 Jan
3k^ar28 4 Sep 23
3 k J'ly
112kJanl5 119 7gOct 25 115 Oct 127 Jan
714 J'nel3 10 "a Nov
Ok Nov 6214 Jan
510 Jan 23
71400112
5 k Oct
834 Jan
230 Feb2ti 265 Aug22 223 Dec 310 Feb
_
al51 J'ue22 17812 Jan 22 138 Sep
37%Mail5 44I4 Augl8 30 J'ly
7734ilarl4 8434 Oct 25 74 14 J'ly
173 J'ue 2 191 Oct 29 I6434 Aug
lis Apr 30
2 Jan 25
moct
lis Feb23 135 k Oct 29 12 1 Nov
9 Apr
4 Jan 28
k Oct 1
Oct 10 17 J'ly _
208 Marl 5 230 Oct 13 197 J'ly
878 Apr 14
6 k Jan 19
X9934 Mar21 11 D Oct 10
22kJ'lyl8 22k J'ly 18
24 k Oct 21 25 Augll
Jan 10
5 Oct 29
2
95 Feb 8 113 J'nelo
45i4Feb20 5514 Oct 19
28 Jan 28 32 Oct 20
6kW.ayl2 13 78 Nov 2
77 Jan 10 92% Oct 21
1034 Feb
2SkOct 19
8434 'Jct 17
40 k Jan
8% May 13
Nov
24
4
5 1 ^8 Mayl3 83% Cct 17
•50
Apr 12 •75 J.an 14
OkJ'iie 3 20 Oct 24
70
Marl4 99
7534 J'ne28 87
too ig Aug 8 100
Aug
Mar
3
6
•40
•50
J'ly
Jan
Feb
Jan
J'ue 2034 Jan
28 J'ly 2934 Jan
134 Jau
5 Apr
91 Aug 111 Jan
Oct
53
Jan
38k
27 Aug 31 la Feb
7 Sep
15% Feb
Dec
6 la
99
25
J'ue 9
tAss'tpaid.
237
10
J'ly 132
95 k May
18 k Feb
57 k Jan
39 78 Feb
7134 Oct
9 Oct
J'ly
33
10
4934
7
Nov
Nov 89%Jan
Jau
•80
.Miir
k Nov 28
Jan
Feb
Feb
Jan
'hi)
Nov
2
314
3334
•50
6
4
71
67
Dec
Jau
18
Oct
75% Mar
Jan
8i2Mar
Feb
Jan
II4 B'eb
1234 Mar
15% J'ly
•75
•25
3li4Feb
6% Feb
Sep
Apr
Oct
7
k Oct 31
34 '4 Oct 31 20 Dec
•55
Dec
J'ly 16 •40
7 k Sep 1
616 Nov 4 400 J ly
•09
J'ly 16
08 i!''e.u
t31k2 0ct 29 12 J'ly
534 Sep
10 May20
•75
Jau
35 Nov
14 Oct 18 lOiaSep
00 Oct 31 37 J'ly
30 Jau 2 31 Nov
Jan 2 69 k Oct
Jan 22 106 Oct
11.3
2 Oct
4 Nov 2
12kJ'<ov 4
7 J'ly
5
4834
8876
Oct 102
Oct 108
8034 Oct 110
Nov
1
Feb
Feb
Feb
190 Feb
2 la Jan
139 Jan
20 Jan
204
Oct 12
Oct 20
Jau 15
Mar
144 Feb
•P5
17
Apr29
20I4N0V 2
39 k Feb
•90
iiar
551
Mar
Feb
317eFeb
9kJ-ly
1-732 Jan
•10
10
75
JMar
Feb
48 k May
1317e Jan
118 k Fob
6
Mar
14
Feb
4I4
334 J'ly
5% Apr
2k
2034
7 la
Oct 24 •60 Dec
6i4J'ly
Nov 3
17 k Feb
Nov
-•^ug23
1
10 k Oct 31
3
J'li'
•50
434
Dec
Dec
Nov 2 31
Aug30
l%Sep 6 55
Ik Nov 2 50
65
6
',
ll.;iOO
;|
Apr
Jan
Apr
Jan
2034 Oct 22
Jan
Feb
Feb
1=4 Nov 2
l,22u •50 May23
Rlio<le Island
li8J'ue24
2kJ"ly 15
SaiitaFe(GoUl<feCop) 10 4,210
914 Jau 18
3 k Aug 12
Sliaimon
10 49,553
X'aiuarack
25
585 85 Muy3 L 128 <^ct 8
2 Nov 4
Tccuniseh
25
420 •26 J 'ue20
25
Tounessee
334 Mai 25 18
Oct 31
25 36,670
Trinity
6 Mario
6 Marl 9
100
United Copper
UuitedStatos Mining 25 28','2'8'5 18 Jan 4 2534 uct 17
8'8Jau 4 12 k Aug30
,9H9
Unit Stales Coal &OU 25
J uu
2 44 k Oct 31
6 17,081 30
U tah Con (Gold)
2i8J'nell
Oct 31
5
Victoria
25
935
Feb 23 1234 Oct 31
25 14,328 5
Winona
Wolverine
25 1,161 69 Jan 5 100 Oct 29
•50
Feb 23
Wyandot
2 k Oct 29
25
Before pay't of assess'ts called in 1904. 'Bid and asked.
J'ne 195
J'ut 177
16li4Dec 173 k Mar
k Apr
Apr 21 220 Sep 232 Mar
207 Apr 21 196 Aug 212 k Feb
80 k Feb 1 74 J'ly 91 May
77 k Oct 25 68 Sep 86 Jan
57 Oct 25 30 J'ly 71 Jan
7 J'ly 25 Jan
75 Jau 8434 Jan
42 Feb
95 k J'ly
91k Oct 104 k Jan
6634 Aug 104 k Jan
113 Uct31
95 i4Aug23 83 k Oct 95 Jan
22
171 Oct
zl62 Sep 178 Feb
93 Mario 87 k Aug 97 Feb
113i8Apr26 108 Sep' 116 Feb
17kFeb26 15 k Nov 26% Jan
4OI4 J'lyl8 38 le J'ly 52 Jan
145 Jau
144 Sep 160 Jan
3k
loo 20 J'ly20
7 Feb 11
Atlantic
25 10,273
Bingham Con Min<fab 50 18,561 19 Mar 2
Mayl4
39
Bonanza (Dev Co)... 10
250
BostouCouC&G (rcts)£l 3,925 6 Oct 2
Jan
4
435
cfc
Hecla
25
263
Calumet
Apr 23
05
..
Catalpa (Silver)
10
dl4kEeb
8
Centennial
25 U",2"l"7
678 J 'ly 25
25
Central Oil
20
J'lyl5
Gold
Cou.s Mercur
5/2'r6
7 1.1 .-i-pr 5
Coutiuental Zinc
25
Copper Range GouColOO 2o',9"3"5 38 Fob 23
Daly-West
20 2,145 1934 Aug 1
40 J'nu2l)
Dominion Coal
100
103 J'ly
Do pret
100
134 J'no27
Elm River
12 5,615
7 J'ue 2
Franklin
25 4,483
Mar 18
Consolidalcd.
2%
10
Granby
27,181
Greene Consolid-ated. 10 41,913 20 Oct 19
•62
Cousoi..
Guanajuato
4,085
k Feb 15
li k May 2
I.'iie Royale (Copper).
11,317
Feb 25
3
Cousoi
Mass
8,864
Mayflower
2,485 •45 J'ly 15
3kJ''ielO
Michigan
4,.")L53
Mohawk
11,178 341* Feb 8
2I4 Jan 19
.Montana Coal & Coke
13,325
Mont*
Ang 164
Aug 250
161
170
134
Oct 22 tlSskMay 225
199
163
9i4Feb 9 28 k Oct 31
3,457 53 Feb 8 94 Oct 3
28I4 Parrott(Silv<fc Copp) 10 5,455 2ti34 Feb 1 2934 Nov 3
1,020 ((50 .\ug 9 d'3 Jau 25
Phuinix. Consol
359 80 'Feb 25 108 Oct 31
10,5
Quincy
2't.
23%
Arcadian
Arnold
Boston
Ik Old Colony
27 Old Doniiuiou
91
Osceola
'04
Ik
14k
'
5k
Oct
Ik
123
Ik Ik
Last Sale 33
10
54
2 he
.s
Last Sale
4-'^
k
2
134
k
9 Ok
90 k 9234
2934
28
178 liSja
1
1
26
13,
100
104
1
Ik
28
27
2I4
26
7I4
l>a
'-2
4
25 k
7
5334
5k
534
Las Sale
Ik I
Ik
92 k 93
27 k 29 k
134
2414
214
•90
Ik
58
25 k
71.
Ik
10
•55
034
Last Sale li'y'" Oct '04
3 k
3
338
3\
10 k 12
1134
12k
17,
122
163(
34
610
21..
53 k
6
58
-1'4
134
122
0^
6=8
612
2638
10 k
55
534
138
27'
111
•96
lOks
3334
••50
30
'
&
230
•232
115k Sep 27
Feb 8 7418N0V
Mar2i
Mar 15
1
Feb 23 14 Oct 14
550 15% Feb 24 26k ^'OT 3
25
li4J'ly25
25 2,3'iO 25 Feb 2
Anaconda
Last Sate •oy
Oct '04
>0i
29 k 30
29 k
«7k 8 k Last Sale 7 k
Oct '04
•47
•50
•47
-47
•47
•47
Last Sate 14
Oct '04
04 14 05
'oi'ia 65 k
04
64 k
12 14 12k
I2I4
I2I4
12
12
29^2
50
pret
Am
26 k
Higtieet
Mar
Feb
k Feb
25 Oct 39 k Jan
76 Dec 83 k Jan
42 Mar 42 Mar
175 Apr 20 173 k May 180 Feb
Nov 3734 Feb
24 Jan 21
1 7
8OI4 Jan2
75 Dec 96 Jan
19 Oct 24
8% Nov 28% Apr
12 la Apr 14
71
514
25 6,090 •75
6
I4I" Alloiiez
I414
17,139 do^ie
7214
73=1 Amalgamated CopperlOO 64,93" 43
75
Sail. 75
Mar'(i4 Amer Gold Dredging
5
137,
8
1338
1,440
Zinc Lead
Sm
14
51,
•bb'
6k
6k
607
Do
Oct '04
1434
7334
i
1
80 k
iUining
Adventure Con.
1
3 4 '8
la
20
5
1
••75
16k
3 '4
2
1
1
58
24 7j
191,
LastSalc 94
34
636
If.
*18k 19
16-34
595
G5''8
3'.i
2214
8138
17'.
6-'%
595
65
3'8
21^
Last Sale
••50
-55
O^
600
29
1
-90
10
•1034
58
•87
19
I'J
97
97
83 <4 833,
* 94
100
100
14
1
33
Su^a 31^2
'7 '2
8',
19
Is
•85
1(5
>
'•70
•87'.,
97
85
•94
13'
1
••70
COO
--'a
2614
17'^
•55
-55
^34
12
4%
412
14
19 *^ 205^
20 k 21'ii.
79
81 '8 a;79"a 81
•70
100
16^
COO
21'S-l^s
-87 H
98
85
*94
20I4
b038
S414
IHiMcellancoiiH
6fi5
.\mer AgTicul Chem.lOO
399
Do prel
100
Ois
014 Amer Pneu Serr
50 3.307
751
27
27 k
Do pref
50
14479 146 14 Amer Sugar Refln
100 25,150
137
140
100 1,089
Do pref
142
142 k Amer Telep <fe Telog.lOO 4,389
18
18 Amer Woolen
100 2,279
84
84
Do pref
100 1,648
'04
f
Sep
Boston Land
10
111
11778 117- Cumberl Telep & Tel 100
15
1,450
16k Donnmon Iron & St
205
7
7
East Boston Land
87
248 Edison Elec Ilium. ..100
695
173
174 iieneral Electric
100
41 14
41 14 Mass'chusettsGasCoslOO 6,210
83 k
83 k
100 1,494
Do pref
49
191
191 Mergenthaler Lino.. 100
13. Mexican Telephone., lo
200
*lk
129
133
133 N E Telephone
100
I
Oct '04 PlautComt'st stk oomlOO
IS
Oct '04
Do pref
100
79
225 la 226 Pullman Co
100
834
83. Reece Button-Hole.. 10
45
112
546
112 STVift & Co
100
5212
Oct '04 Torrington Class A.. 25
40
25
Do pret
"""4%
4-'8 Union Cop L'd & Mg. 25
1,375
105
100 3,801
105 k United Fruit
407
54 14 United Shoe Mach... 25
54
159
32
Do pref
25
31k
323
13
100
13
US Leather
50
Do pref
100
?838
100
Oct '04 U S Rubber
50
100
Do pret
22
24 U S Steel Corp
100 23,598
82'
100 20,753
Do pref
81k
75
25
Oct '04 West End Land
18
370
1
West Telep & Telee.lOO
151
Do pret
100
97k
97k
*S3
40
86 Westing El & Mfg.. . 50
I9I4
80 k
Lowest
301 zl37 Feb 5 54 k Sep 26
230 Marll 240 Apr23
403 158 Auk
109 k J'ly 13"
106 Apr 10 174 Oct
Feb 24 303 Oct 21
7 295
159 136 J'uelo 1 54 Oct 22
rllOk J'uel5 124 k Jan 19
180 J'ncl4 l«5i4 Sep 29
102i2JaD 4
160 Apr
276 Jan 25 285 J'nelO
168 133 J'ue 6 141 Apr
100 24I4 Jan 2 4834 Sep 12
73 Jan 27 83 Augl8
La at Sale das
13«
-48
Year (jyo3)
JHghesl
Lowell
'04 Uonn & PaHS Riv prel 100
Oct '04 CoDnecticut Uiver...lOO
•138 139 *13Sk 138--»i 139
139 Fitchburg pref
100
48 50 •47 -2 48 k •47 k 481-. Cla Ry<fc Electric 100
•81
Last Sale «x'k Oct '04
82
Do pret
100
Last Sal 42
Mar'03 Houston El'tric com. 100
6 170 J'ne 7
Maine Central
100
13
13
13
13 "2 1312
14
Mass Electric Cos
100 1,000 lli4Sep 10
551.. 50
172 523i Oct 21
67
57
*55k 66
Do pref
100
*17'2 181'.
1734 173,
230
5 Apr 25
'17k
100
18k -Mexican Central
1931219414 194 194
194
194 N y N H & Hart.. ..100
610 185kMay25
Last Sale IHS
159 Aug24
Aug'04 Northern N H
100
Last Sale 328
222 Jan 29
Sep '04 Nor-ivich & Wor pref 100
2027g 203
203
100 198 J'iiel3
201 2112
203 Old Colony
100
Last Sale 75
70
74 J'ly20
Oct '04 Pete Marquette
100
•75
70
77
295 68 Marl"
77
"YJ"
77
Do pref
100
50
50
50
60 29 Aug 12
48
48 Rutland pref
100
Last Sale /.5I4 Oct '03 Savannah Elec com. .100
•40
Last sale 40
50
40 Jan 1
Oct '04 Seattle Electric
100
•92
•92
94
94
76 87 May 2 5
94
94
Do pref
100
10'J=8ll03j ll»9v 110 k 109k IIOI4 Union Pacific
100 17,802 7138Marl4
•9434 95 14 -94 k 951.,
2 86 14 Mar
Do pref
100
2 160
MaylO
170
170 Vermont & Mass
100
•9II4 92
9178 9178
393 89 Jan 4
91%
50
917l West End St
Jan
150 108
4
111
111k 111k 112% 11238
Do pref
50
16i4J'ly27
Last Sale 16"e Auk'04 Wisconsin Central. . 1 00
Last Sale S7''b Auk'OI
37kJ'ly27
100
Do pref
Last Sale 14.i
J au "
145
Aug'04 Wore Nash <fe Roch..lOO
1 45
Last Sale
liange for Previoui
64 Marl4 88 1« Oct 25 5414 Aug 8978 Jan
194 8H Jan 7 102k Oct 22 85 Aug IO314 Jan
2 CO 23934 J'ne 7 252 Nov
244 J'ue 262 k Feb
100
100
100
100
100
100
prt'f
Boston <fe ProvirtencolOO
50 14 Chic June Ry& U 8 VloO
'04
100
Do pref
'04
tor Year
iy04
Week
Shares,
r!oKton<fe I.,owell
164 k Uoston
•302
152
Do
IOII4
Sal Z'i'3k Oct
Last Sale 1S5
Oct
Mange
Sales
the
UnilroadM
At«h Top & Santa FelOO 8,492
25
noston & Albany
153 k liOHton Elevated
Oct
r.ast
'135
85 «8
Weekly and Yearly
of
EXCHANGE
Nov. 4
252
153
lo4
«T«CKiS
BOSTON STOCK
Pridav
k 86
85
Pfii,
'4
251
153
'240
16412
12
I'ricpn
Thursaay
A'ov. 3
haxt Hale 170
*'M)2
•160
Wednesday
8434 8OV2
1U1'..,102
ST'i
»l
251
T'.ifsilay
Record, Daily,
1
i
Feb
2 k Jau
Ilk Feb
J'ly 58 Feb
Nov 8 Mar
2% Jan
Nov
J'ue
2
Oct
43i3Jiy
16 J'ly
23
79
34
5
276Dec
80
Jan
3
18
Oct
Nov
k Feb
k Feb
Feb
Feb
k Feb
120 k Feb
7
4
Feb
1
J'ly
3
Dec
Jan
7
1 4 78
Apr
Feb
75
•25
1734
J'ly 190
Nov l»i6
Jau
3334
8
22
14
17 Mar
33% May
Dec
Jan
Ik Dec
5 k J'ly
61
J'ly
75
Oct
Ex-riffhts. aEx-div.
Feb
Mar
Feb
3134 Jan
27 k Feb
4i4J'ly
4 Dec
16i4J'ly
1
9
1434
~7
Feb
Mar
Mar
27pMar
& rishta
6
Nov.
D
«
IJONDfS
Price
BOSTON STOCK EXCH'SE ^ g
^s;
WEEK ENDING NOV 4
Fridav
9434
102
93
.
.
.
100
98 100
107 >4
78"
Note— Buyer pays accrued interest in
^»i„„„
"s'i'
J-D
cnn
IT
M-N
M-S
MS
105
58
99J4 100
NY&N
99^2
98'<2
]^8t (58
10538 109
99
12434 125 "iz
97
123>2l24'i2
100 108
105 12 108
100 101
95 100
105^2 109
10334 104'8
^j
137
137
137'2
90
9818
9034
74
9038
N.
93 "2
93
A-O
A-O
A-O
102 Hz
97 12
10134 10238
103
102
102i8l04'4
102
93
Sz
100
100 Hz
102 12
100 "2
100 14
IOOI4
104>4 J'ne'04
101 12 J'ne'04
IOOI4 lOlSb
IO414 IO4I4
10112 10112
121 J'ly '04
10318 Aug'04
120 12 121
103 Is 1034"
103 12.
Mar'02
Sep '04
Oct 'I "4
Feb'03
104
103 Aug'04
107 7(
1073,
80\ Sep '04
10214 Sep '04
105 le May '04
102
95
103
107
104
96
95
103
M-S
J-J
M-N
M-S 107 13 108
M-N
FA
:
22
16
10038.
FA
FA
714
13
100 1-!.
F-A
J-D
J-J
J-J
J-J
J-J
58'8
6 '8
103 Apr '04
106^8 Mar'03
J-J
J-J
118
118
11^
22
20
16
16
75 J'ne"03
102S2Aug'04
9312
93 "2
10238 Oct '04
103 Aug'04
A-O
1914|M-S
Gold4i2S
I'l]-!")!!'?
Gold debenture 4s
Gold 4s
V— ^^'>L', ri'-T
Western Teleph & Tel 5s. 19321 J -J
Wisconsin Cent Ist gen 48l949i J -J
Wisconsin Valley 1st 7s.. 19091 J-J
»r.o« l.t .U E..to. B0..I..
nurcUM.
,
loo^ 10134
I2OI4 122
MaT'04
7078
72
68
J-Jt
i,r,e. lfr,.teY
10712 110
'04
92
92
12818
10038
117 I23I9
96
92
92 Hj
81
IO2I2IO4
10638 108 >«
12312
Oct
118
J-J
West End Street By 4s.... 19 10
137
96
J'ly
J'ly
Old Colony'goid 48 ........1924
Oreg By & Nav con g 48.. 194b
oreg Sh Line 1st g 68.. ...1922
6s. ..1919
Repub Valley Ist sf 4i2s.
1941
Butland 1st con gen
Eutland-Canadian Ist 481949
Savannah Elec 1st cons 58.1 9o2
1930
Seattle Elec 1st g 5s
Torrington 1st g 58. ......1918
48.1947
Union Pac BB & I gr g
IJil
1st lien conv 48
U nited ymit conv gen 53. 1911
U S St«6l Corp 10-60 yr 5s. 1963
9018 94
97
Oct '04
Eng 1st 7s
12312
w.
9334 100
128
97
1024 IO2I2
10638 Oct '04
10038...
IOOI4
lOOVjlOO^f, 100^4
12012 Sep '041102 J'ue'03
A-O
A-O
1908
1915
1905
1900
fi!
ioo'v,
!!!!!".
1
99
96
Oct '04
)9
100
100
128 la J'ne'04
1003fi Oct '04
10334 Oct '04
00
107 12.-.
123 12 124
96 ...
92 ...
1929 J-J
F-A
.5s
IOOI4 100 14
137»2Aug'04
137 Feb'04
...H.,.,„„ ,^ .1,.
A-O
.
New Eng Cot Yarn 58.... 1929
190b
New Eng Teleph 6s
IO212IO3
9634
96^4
«.Qvi Tflo^
1
Since
January
High No Low High
Ask Low
9934
A-O
Kan C & M By & Br Ist 58l 29
07 J-J
KanCStJo&C B Ist 7s. .1 JOo
J-J
..1
1st
78.
Id
gr
Sm
L R & Ft
.1912 A-O
99»2l00
104
Nov 4
.\-o
. .
M
102 Vj Apr '04
IIII4 May'02
lt)21|(=i-J
A-O
Maine Cent cons 1st 7s..
......1912
Cons 1st 48
112 113
25
Mara Hough & Out 1st 6s. 19
10014102
48.. 1911
cons
Central
Mexican
993^
99
Jan 193.)
l3tconsinc38
2dconsinc38
'*^'*Jx2;!
128 129's
Mich Telep cons 5s tr rec.1929
109»4Mar'02
11214 Jan '03
100 Oct '04
9934 Oct '04
107V4Oct '04
104 Oct '04
l8t 4S...1946 A-O
Det Gr Bap &
1913 MS
Dominion Coal Ist 6a
190b M-S 103^
EaBtemlstgoldCs
l9io MS
Pitchburg48
lyM M-S
4a
Fremt Elk & Mo V ist 68. . 1933 A-O 138
138
Unstamped ist 6s ......1933
97 Sale
Gt Nor C B & Q coll tr 48 1 921 J - J
Begislered 48.
117
108 Oct '04
99
99
125i^J'ly'04
123 12 Apr '04
108
108
108
108
.
12434
104
108
W
110
99HiOct'04
94 Sep '04
.108
98»a.
125
W
110
117
Range or
Last Hale
J-J
deben 5S-.-.1910
Non-conveit deben 08...1913
la Falls & Sioux C lst7s..l 1(
Kan C Clin & Spr Ist 5s. 192.>
Kan C Ft S & GJuU 1st 7s. 1908
68....1 28
Kan C Ft Scott &
1934
Kan C M & B gen 4s
Assented income 53..... 1934
Illinois Steel
97
87
129 ^ Sep '04
117>4Peb'03
79 Oct '04
100 Sep '04
107 Jan '04
IOOI4 Feb'04
105 J'ne'04
100 J'ne'04
106>4Dec'02
98
M
100
97 12
109 110
9758192=8
9734
8HI4
10034 Sep '04
9934
99-'4
100 J'ne'Ol
M-N
192^ F-A
19^/ M-N
1921 M-S
B&SW8t48
1949 J-J
Illinois DiV 31^8
Northern
Gt
See
bonds
Joint
J-J
.1915
Chic Jc By & Stk Yds 58
CoU trust refunding g 481940 A-O
J-J
1920
Ch MU & St P Dub D 68681920 J-J
Ch & St P Wis V div58.1931
M-N
Chic & No Mich 1st gu
Mich gen 68.. ..1921 J-D
Chic &
J-D
1920
Concord & Mont cons 48..
A-O
Conn & Pass B Ist g 4s... 1943 A-O
...1927
Current Biver 1st 58...
Low High
995t
953s
Range
Week's
Price
Pi-iday
Bid
High
110 Feb'04
104 V2 Apr '00
117 Feb'04
997gJan'02
101 Mar'03
112>^Jan'03
11238 Oct '04
1919 A-O
BONU.S
BOSTON STOCK EXCH'GE
Week ending Nov 4
January 1
110
102 li
97
110
.
Igirf
Since
99 »2
MS
IowaDivl8t48
Kange
Low
Ask
Bid
99^2
99
95 14 95 4
109 110
102 Vt Sale
AtcliTop<fe S Feg6ng4s..l995 A-O
92^4 93 "4
Adjustment g 4s..-.J'ly 19J5 Nov
68.1908
1st
Boston Elect Light
Consol 58
l"f* M-S
IJO' J-D
Boston & LoweU 4s
1944 J-J
Boston & Maine 4'<28
l»uo FA
Improvement 4s....
Bost & Mon -MX issue 78... 1904 M-N
FA
l8t3>2S.194/
Boston Terminal
I9i» J-J 1\2H.
.Bur & Mo Kiv ex 68
look
J-J
I9i»
6s
Non-exempt
9934
IJjO J-J
Sinking fund 4s....
A-O
68...-1J1'.
1st
Butte & Boston
129'».
Cedar Bap & Mo B Ist 78.191b M-N
i9uy J-D 118
2(1 78
80
79
Cent Vermi'ist g 4s--J^ayl^H^
48.1905
extend
Ohio Burl & Q
A-O
191J
lowaDiv l8t53
Telephone 4s. ...1908 J-J
& Tel coll W 4s. 1929 J-J
Am Telep
Atch & Nebraska 1st 78. .1908 MS
Aiti Bell
Debenture 53
Denver Exten 48
Nebraska Exten 4s
Week's
Range or
Last Sale
Nov 4
2077
Bond Eecord.
fiostoD
1904.]
5,
J
10208 Sale
M
.,.,1
91
95
100
10334
10058 1051a
94 103
100 12 113
7138 8038
10234
102
105>9 10618
10234 Apr '03
lO'i-jOct '04
10238 10234
87i4J'ly'01
36
..keJ.
10134 IO212
9812 103
U2
Sep '04
112
112
l.>t..t
"2
1 Tru.t
C
11258
eiM.
Record. Daily. Weekly. Yearly
PhiladelpMa and Baltimore Stock Exchanges-Stack
Saturday
\
y9
Oct.
ACTIVE STOCK.S
Share Prices—Not Per Centum Prices
Wednesday Thursday
Tuesday
Monday
Nov. 2
82 14
821.
8212
9538
98
99
82 \
99 12
1636
16>4
I6I4
8212 82I2
9934 100 14
1638
16
33
12
33*8
33 12 33 12
-7
33 12
8
714
712
712
51
50
50
24
2338
501*
50
*2378 24
51*16 51*16
11
11
91619 lOis
4938
2358
31
Oct.
tYiday
Week
Stocks see below)
Shares
Baltimore
82 14
82
•82
83
64 14 94)4
94*2
1638
3418
16>2 1612
3334 344
•734
«!«
50
2334
2334
5OI4
23=8
5 '8
5'p
1034
11
16
33 14
11
11
11
9^8 915ie
9
9
•
23'
534
534
534 513i6
eiho 10
10
•31
16=1
341.
734
4!)
1034
94I2
91»16
.
92 14 92 14
4712 48
92
4734
91
92
46121
47>4
3«i«
381
6834
6838
42 14 4258
9 '8
9
»15i2 15
63I4
42*8
69 1«
8I616
9ai6
*16l4
15",
377,
423,
361-2
•431-2
37»i« 3734
-436e 44
•3934 40
57
57
lu3>-jl04
40
^7
103
41
40
57
10436
PlllI.Al>ErPHIA
6736 685i6
41*4 42^4
8»8
9
1534 16
357,R 3613i6
•4312 44
Bid
&
Diamond State
464
9134
68»i6
16ifi
42
9
16i«
93
1618
371s
364
3612 37 18
*43=8 44
39I2 4OI2
57
57
10334 104 14
1
69
42
'•4312
*39i2
44
40
574
103 410438
63
47
Clioc
<fc
Ch Ok
Cou Electric. .50
E
E
744
Elec
125
174
4r,34
Phlla Co (Pitts) pref. ..50
Phil Germ.Tn <fc Norri8.50
50
Phlla Traction
1
114
14
UuiiedNJ BB<fcC..100
27'i"
Unit I'ow <fc Trans
United Trac Pitts
25
60
50
Preferred
10
Steel.
Iron*
Warwick
West Jersey & SeaSh.50
Westmoreland Coal... 50
04 '7e
ioo"
4978
...„.
J-D
JD
Annuity 68
Leh V Trac l8t48 '29. J-D
Nat Asphalt 58 rects
New Con Gas 5s 1948 J-D
47 14
Newark Pa-ss con 5s 1930
N Y Ph & No Ist 43 '39 J -J
98
NoPenn l8t4s'3C..M N
Income 4s 1939. ..M-N
903^
103
44
M.S
Deben 6s 1905
4
14 Penn gen 6s r 1910. .Var
2
Consol 6s c 1905. ..Var
Consol osr 1919. ..Var
Penn * Md Steel con Os.
Pa <fc N Y
A-O
Con 5s 1939
A-O
Con 4s 1939
5 4 PennSteeU8t58'17 M-N
People's Tr tr certs 48 '43
PCol«t&coltr,')s'49 M-S
Can 7s '06. J-D
no sales on this day.
II
1^) west Is
<fe
K
M 5 g '20. A-O
gei>
GenM 4sgl920..A&O
Ph & Bead 2d os '33. A-O
J-D
Con M 7s 1911
CouM 6s g 1911. ...J-D
93
106
M 4s g
Ex Imp
46
Cou
M ot '82 4s
'47. A-O
'37.J-J
Terminal Ss g 1941. QF
109
W B col tr 4s '21. J-J
Bochester By con 58 1930
P
1414
Jan
Jan
Bid Ask
BALTi:>IORE
86
'99
84
M-S
El
5s
&
103 4 Chas By G
J-J 115
c&
103
75
A ext 5s. '09
1910 A-O
2d 7s
City <fc Sub Ist 5s.. '22 J-D
Charl C <fc
I20I4
106
105
1044
i2.5"
:0334 104
108
i-j
B E Side 48 interim ctfs
U Trac lud gen 5s'19.J-J 98 4
U Trac Pit gen 58 '97 J-J 116
s
9956
tW94
Welsbacli s
i0834'
"84"
0414
t
Atlau Coast Lino BB 100
.\tlan CoastL (Coun)lOO
100
Canton Co
Georgia Sou & Fla...lO0
57 14
lOOi
Ist pref
pref
2tl
G-B-S Brewing
100
100
MtVornouCot Duck
Unit Elec L & P prot.60
Honda
124
14C14
.\nacostia
it
Pot 5s
Atl& Ch
Allan C L KB4sl952M-S
Ist 7. ..1907 J-J
Coast LiCtjctfs 5s J-D
J-J
of indebt 4s
naltCPa.s8 1st us'll M-N
Halt Fundg 68.1916 M-N
F.xchange 34s 1930 J-J
Kefundlng3i28 1952J-J
.\tl
lOa
(.'tis
iV'i'
Halt
m"
1044
TTT^
ox-dlvldemL
...
&P
Ist 6s
m I'll
I
Cenl'l Bycon5Hl932 M-N
ICxtit Imp U.S. 1932 M-S
Chas City By 1 st 5s '23 J -J
«
wt rtu-htj.
H Ex-rlghts.
tsi-iiiauL
t *lo paUL
155
140
29.5
90
30
97
65
t
t
LieorgiaP 1st 6s... '22 J-J
GaSo <fe Fla 1st 6s 1945 J-
G-B-S Brew 3-4sl951M-S
2d income 5s 1951 M-N
KuoxvTrac 1st 5s '28A-0
614 LakoB El 1st gu5s'42 Jf -S
.MetSl(Wash)lstos'25F A
Mt Ver Cot Duck Ist 58.
Incomes
141
300
92
35
100
70
61-
6
45
5
38
37
10.S4 104
107
98 4 "98 'B
1171-.
19
101
100
107
1
119
112
117
Cityife Sub(Was)lst5s'48
Col&Grnv IstOs. 1916 J-J
Consol Gas Os... 1910 J-D
1939 J.D
5s
Clifc Alalstcon5s'45J-J
lia Car & N 1st 5s g '29 J-J
98''4
i'ii"
A-O
HaltTraclst5»..'29 M-N
NoB.'Ut Div 6s 1942 J-D
Convertible o.s.'OO -M-N
I0C«8 107
110 4
5s 1930. J.
IIALTLMOKE
Inactive fStocUs
Atlanta & Charlotte.. 100
3
"
;
P
Gen M 448 g.l924.y-K
Leh V C 1st 5s g '33. .J-J 113 4
Leh V ext 4s Ist 1948. J-D
M-S IITH
2d 7s 1910
Consol 68 1923
69 4
9734
3
10
RallwavB fieneral
8uH(|uen Iron & Steel. .6
10
Tidewater Steel
10
Preferred
12
Phil Elec gold trust ctls.
Trust certrfs 4s
<fe
Indianapolis By 48.1933
Interstate Bys—
F-A
3-3 4-48 1943
Lehigli Nav 44s '14.Q-J
1914-Q-F
BBS 48 g
19
45
Ask
Bid
PHILADELPHIA
Ask
10234
"
2»i4 Jan
Oct
Oct
. . .
1st 5s. '33
ifc
005
Dec
20
8
Philadelphia
4 Jan
50 1,270 43 J'ne 3 51 Oct 31 4034 Dec 52
American Railways
17^ Nov 2634 Jan
50 9,104 18i8May25 2434 Oct 1
Cambria Steel
igNov
9«i8Jan
i8Ma.vl3 t 634 Sep 10
736
6
Consol Lake Superior^.lOO
agDec 4934 Jan
138 May 13 t!2i4Sep21
100 1,73-,
111.
Do pret.1:
IOI4 Jaa
734 Feb 8 103^001 26
71l6 0Ct
10 14 Electric Co of America 10 12,236
Dec 11 Deo
10
Feb
8
134
J'ly
15
600
54
9
Gen Asphalt interim ctls.
20 Aug 10 384 Feb 6 19 Nov 36 J'ly
Do pret interim ctf 8.
33
Jan 14 92-'<.Oct 24 64 Aug 7934 Feb
914 Leiiigh Coal & Nav . 50 "978 624
Nov 4578 Jan
13
50 7,017 3334 Feb 26 49400!
" 344
474 Lehigh Valley
4 Jan
1 4 Sep
Mar 3 4I16 Jan
2^8
420
100
MarsdenCo
553gNov 7834 Jan
50 7,696 55"8Marl2 09 4 Oct 31
073, Peuii.sylvania BB
1'
4734
Feb
Oct
43
35
Oct
17
37=8
May
-^
PhUadelp'a Co (Pittsb) 50 2,987
42
9 Jan
5 Aug
O-^Oot 25
5 May25
2:) 32,617
93i Philadelphia Electric
177eJan
734
Dec
1
Sep
10
18
Jan
8
16 Is Phila Bapid Transit ... 50 6,141
834 Nov ;M11i6 Jan
36"S8 Beading
50 64,717 19 4.Mar 14 39 Oct 21 1
38 Mar 1 44 14 Oct 21 36 Sep HUiaFeb
oO
Do 1st pref
44
105 28 Marl4 4OIB1B Oct 20 2734 Nov 404 Jan
50
Do 2dpre£
40
4734 Feb
50 1,427 4534 Jan 2 59 Nov 4 4078 Sep
Union Tractou
59
1164Jan
50 25,118 81 Mayl6 10478 Nov 4 76 Oct 31 Mar
104^8 United Gas Impt
Aug
20
J'nel8
22
1934
13
Oct
100
21 IWelsbachCo
Me Ist 58 1949 J-J 1114
&G
1,355
1-.
1034
243.J
Bid
A 1st M 08 1920 M-N
Peo Tr stk tr ctls
Elm & Wil Ist 68 '10. J-J
Eq II Gas-L 1st g 5s 192S
H & B Top con 5s '25 A-O
16
Key.sUjneWatchCase.ioo
11
10
Lit Brothers
60 "64'
Little Sehuvlklll
MinoliiU & Schuyl H..50
50
Nesquelioning
N Haven Iron & Steel.
North PennHylvauia..50
60
Fenn Gas Coal
50
Pennsylvania Salt
Pennsylvania Steel.. 100
86
100
Prelerred
Bid and aaked prices
*43 4
*39 4
„.
57 4^
103^8
19
gen 5s '19 J-J
Col St By 1st con 5s 1932
Harri.son 15ros pref. ..100
100
Indianapolis St
I uler Sm Pow & Chem.50
Keystone Telephone ..50
60
Prelerred
•
9
16
3638
PHILADELPHIA
ConTracof N J
100
100
50
9
91%
474
34
a;6 ; 4
414
iionds
ext 7s 1910 A-O
AmBysconvSs 1911 -J-D
Atl City Ist 5s g '19. M-N
Balls Tor 1st 5s 1926. J-D
Berg(feEBrwlst6.s'21J-J
Bethle Steel 6s 1998.Q-F
Steel.
Elec Storage Batt
Preferred
Germaulowu Pass
9134'
10
*31
Che <fcD Can 1st 5s '16 J-J
Preferred
Ea.slon
16
9
47 12 48 >«
481.
Al Val
Steel
62
913
2334
*578
lO's
6
10
9
9 'a
68 4 Dec 72 4Jau
84 Oct 118 Jan
57 4 Jan 5 S3 4 Oct 20
71 J'ue 2 105 Nov 4
J'ut21 16''b<>ct 1
7
Oct 22
1334 J'ue21 35
9 Sep 28
534 J'ue 1
2,6.50
Highest
50
50
60
24
11
11
68I868II16
42^8 4218
9
93i6
Ask
778
50
50
Bell Telephone
50
Cambria Iron
Central Coal & Coke. 100
100
Preferred
50
Consol Trac Pitts
50
Prelerred
Danville Bessemer... 14
Iron
10312
103
Inactive Stocks
10
American Cement
Amer
40
57
•39 Si
57
9114
46»8
5^8
712
Lowest
Highest
Lowest
2,370
3,674
100
50
100
1618 lOi* Seaboard Air Line
100
pret
333.
Do
3334
712 United By & Electric. 50
71U
Consolidated Gas
Northern Central
83
10034 105
83
tor Previous
Year (1903)
Range
lor Year
1904
tlit
(For Bonds and Inactive
Nov. 4
Nov. 3
Nov. 1
Range
Sales
01
il'i"
115
102
115
112
106
BeorgauiMtiou
ueorgaui/..!
Npt N&O P l8t 6s'38 M-N
General 58.-.. 1911 M-S
Norfolk St Ist 58'44..J-J
North Cent448 1925 A-O
J-J
68 1904
J-J
Series A 6s 1926
J-J
Series B 63 1926
1997.J-J
6s
Trac
Pitt Un
Poto Val Ist 5s 1941.. J -J
Seo.\vT(Pitts) 5s '34 J-D
Sav Fla<fcWest5s'34 A-O
Seaboard A L4s 1950 A-O
Seal) .fc Roan 6s 1926-J-J
.South IJound 1st 5s. .A-O
U El LifcP 1st 4 48'29 M-N
Un Uy .t El 1st 4s '49 M-S
J-D
6s 1906. .M-S
income 4s 1949
Va .Mid 1st
2d series 68 1911-..
3d series 68 1916.. M.S
MS
4tliHer3-4-6s 1921. M-S
6th series 68 1926. M-S
Va (State) 38 now '32.J-.1
Fund debt 2-3S 199I.J-J
We.st N V con 6s 1914 J-.T
WewVa CAP 1st Ok'I 1
Wll
.t
Weld
J -J
5s. .1935. J-J
cortltScates $3
112
112
111
104 4 105 4
..
117
1114
111'4
116 4
116
109 4 109>4
112
111
123
115
541^
23-4
101
115
115
68 14
174
544
'24
684
19
97
100
107
110
108
119
119
il2"
1134
115
82 1«
115
82
4
110»4
92 4
91
44
I4
93 4
9II4
44'4
1024
110
112
110
.....
111
96
.,
97>4
97
116 4 117
II2I4 11234
117
assessment paid.
—
.
1
.
5
THE CHRONICLE.
i>078
Volume
Business at Stock Exchanges
of
NEW YORK
TRANSACTIONS AT THE
DAILY.
STOCK EXCUANQB
WEEKLY AND YEARLY
<»nj«
[Vol. Lxsix.
Securitien
Railroad
November 4
iyu4
Saturday
V S
Bonds
State
<i:c
Bonds
Par value
Shares
Bonds
$5,197,000
6,390,000
5,632,500
6,611,000
Friday
1,043,727 •1100,375,200
1,569,169 148.501.850
l,379,9:i3 131,663.300
1,398,479 134.363.350
1.102.096 106.094.600
1,184,805 114,366,250
6.655,000
*35,000
180.000
69,000
119,000
102.500
257,500
Total
7,678,209 $735,364,550
$36,856,000
$763,000
Monday
Tuesday
M-N
Wednesday
Thursday
Sales at
Stock
6.i!70,5O0
Week ending November 4
January
1 to
Sew York
500
1904
$1,500
1903
November 4
1904
1903
7,678,209
1,820,461
132,303.491
136.887,621
Par value
$735,364,550 $172,255,350 $12,198,741,850 $12,816,490,425
Bank shares, par..
$2,000
*645,800
$582,900
BONDS
Government bonds
$1,500
763,000
36,856,000
State bonds
BB. and mis. bonds
$3,500
10,028,500
$37,620,500
$10,032,000
$594,180
15.486,175
715,300,900
$731,381,255
$1,013,630
436,100
578,427,400
$579,877,150
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Boston
Week endin'j
November 4
iyu4
Listed
shares
Unlisted
shares
74,942
97,918
82,497
89,833
61,880
73,801
24,545
23,970
21,439
40,563
16,373
15,674
480,871
142,564
Saturday
Monday
Tuesday
Wednesday
.
Thursday
Friday
Total
Ist tis 1920
M-N
Jackson Gas Co ..
50
58 g 1937
A-O
Kansas City Gas
100
58 1922 See Stock Ex
.
Usted
sales
shares
Bond
Unlisted
shares
sales
$11,500
6i,000
43.000
64,000
56,100
24,000
27,216
27,294
33,990
31,150
$44,100
143.500
85.100
114.400
266.000
478,750
$262,600
165,766
125,558
$1,131,850
•
14,744
26,833
3.i,689
13,345
18,702
19,268
24,994
18,099
81
{
12
list.
Gas
100
100
Lafay'eGaal8t68'24.M-N
81
58
40
Madison Gas 6s 1926.A-0 {106
Newark Gas 63 1944. Q-J {135
Newark Consol Gas.. 100 82'«.
llCon g58 1948
S-D {109
No Hudson L
H <& Pow
So Amer. 100
llCommercial Cable ..100
Commer Un Tel (N Y).25
Erap <fc Bay State Tel 100
Franklin
100
1|Gold<fc Stock
100
114128, 1905
Hudson River Teleph 100 90
UN
J Teleph. ..100 I5712
58 1920 See Stock Ex Chan
UNorthwestern Teleg. 50 120
Pacific <& Atlantic
78
25
H Southern & Atlantic 25 loo
llCentraldS-
Electric
NY&Q ElL&PowColOO
Preterred
UuitedElectricot
4s 1949
loo
N JlOO
J.D
162
A
Weekly Review of Outside Market will be found on a preceding page.
8treet liaiUvays
NEW YORK
Bid
CITY
Bleeck St& Ful F stk 100
TIl8tmort43 1950 ..J-J
lIB'y & 7th Ave stk ..100
1I2dmort 5s 1914 ...J-J
Con 58 1943 See Stock
B'waySur£lst53gu 1924
2d 5s int as rental 1905
HUent'l Crosst'n stk.. 100
111st
68 1922 ...M-N
UCenPkN <fc E K stk. 100
ilChr't'r & 10th St stk 100
Colifc 9th Ave o8 See Stock
Ask
Street Kaitways
Lake St (Chic) El stk. 100
sid
3>2
Ask
NY<fe
ER Ferry stk. 1 00
1
U
9
!
10
5
Hi
38
55
97
t
HackensackMeadowslOO
Hackensack Water Co—
109
Ref g 4s 52 op 12. ..J-J
Hall Signal Co
100
{941
Havana Commercial. 100
82
52
123
Preterred
Havana Tobacco
94
159
123
82
103
29
40 13
MiU
M-S 102
Ist 6s 1922
Ist preferred
2d preferred
Hoboken Landife
103
1
loo
lOo
1
30
40
3
6
ImplOO 200
M-^• {102
1
loo
Preferred
14
loo
Hudson Realty
90
Inlernat'lBankingColbt) 160
Int'n'lMerc Marine. 100
Preferred
23
loO
78'
Col tr deb 4 'al922op'07
International Salt
19
100
I8tg5sl951
58
International Silver, ibu
5
Preferred
35
100
1158 1910
Houston Oil
165
60
89
79
HI
11
8
95
83
36
2a
40
100
Herring-Hall-MarvmlOO
e Ust
Excb
12
Co.. 100
loo
Preferred
Hecker-Jones-Jew'l
61.;
B<feNYlst68 1911. J-J 106
Con 6s 1048 See Stock Exch
Outside Securities
15
Preferred
32
100
llGeneral Chemical ..100
49
95
II Preferred
100
Gold Hill Copper
1
1^6
Greene Con Cop See Boat Stock
Greene Consol Gold... 10 t 10
Ferry CoiniMiuies
Brooklyn Ferry stocklOO
66'^
65
Electro. Pneum'icTraulO
Steel
lOO
200
91
58
85
25
783
I.
60
Empire
Companies
Chicago Edison Co... 100
liKingsCo El L&P Co 100
Narrag.an (Prov) El Co 50
Ask
Bill
'
^1
91
106
210
115
78
47
120
liiilUHtrinI anal itliscei
Compressed Air Co... 100
IConsolid Car Heating 100
I1C0US Kirew'ks com .100
r Pref .-rred
1 00
Conn Ry LtgA Refrig. 100
Consol Rubber Tire.. 100
Debenture 4h
Cons .Storage Batteryioo
IJCrucible Steel
A-O {105
Telejn" «fc Teleplione
1IAmerTeleg<fe Cable 100
I
CoutToljac deb 7s'05A-O {lOlv IO-.'Sj
Cramps' Sli&En BldglOU
19
22
loo
41I4'
II Preferred
lou
411a
Cuban 6s of isoi;
loo |l(ll
95
IJDianioiiil .Matcl. Co.lilO 136
i;iji4
100
Dominion .Securities. 100
1\' 12 12
63
Electric Boat
39
100
40
42
Preferred
69
100
109
Electric Lead Keduc'u.50
"a
136
Preferreit
50
IHi
83I2 Electric Vehicle
14
100
16
\.W\
Preferred
20
100
22
103
16
1IO& IndCNat<fc lU .100
3
Ist 6s 1926
40
45
J-D
Pat <fe Pas Gas & EleclOO
04
Con g5H 1949. ...M-S {I0312
St JosephGas58 1937. J-J
90
91
Y&N
Philadelphia
Bond
45
SO
{IO6I4 107
.
Preferred
II
40
70
Log& Wab V Ist 68'25.J-D
— No. shares
Total bonds...
50
OS 1938
Mcchange
Stocks
Indianapolis Gas
IfLaclede
$i",6b'6
Xs/^
Kl BiTKcn Co. .100
34
36
Grand Rapids Gas—
Hist 5s 1915
F-A {101 103
Hudson Co Gas
100
96
97 "a
58 g 1949
See Stock Exch list
Indiana Nat <& 111 Gas—
Ist 68 1908
Hloclct
n'eek ^nditia
Hid.
GasA
1st 68 1948
J-D
{
105
3
20
100
170
8
791^
21
61
9
40
99I2 100
14
12 ••t 12^^
Lanston Monotype
20 t
Lawyers Mort insur.lOO 187
Lawyers' Title Ins. ..100 312
Lord & Taylor pref ..100 102
HLoriilard (P)prel ...100 130
Mackiv Companies ..lOo 32
Preferred
72
loO
Madison Sq Garden. .100
10
2d 68 1919
M-N 60
Manhattan Transit
20 t 4'(
Mergent'ler-H'n Bskt. 1
10
Mex Government new 4s 94
Mex Nat Construe, pf 100
Monongahela R Coal.. 50 t 8
3
Preferi;ed
50 f 26\
3
Mout<fe Boston Consol.
102
Mosler Safe Co
100
88
UNat Enam& Stamp 100
163^
18
''"
UPreferred
loo
National Suretv
Ho
100
93
UN ew Central Coal
42
20
9212 93
N Y Biscuit 6s 1911 M-S 105
99 1« 99^ NYMtge<fe Security. 100 -1^*5
l'-^
IJNew York Dock ....100
136 150
UPreferred
45
loo
115 14 11534 N Y Transportation... 20
34
t
37
Nor AmLum'r&PiLlplOO
1
74
t
78
TJOntario SUver
^^4
100
^^
Otis Elevator com
100
97 14 98
''S
Preferred
lOO
116 II6I2 Phoenix Mining
14
1
35
Pittsburg Brewing... .50 t 26I4
Preferred
so t
90
90 >4 Pittsburg Coal
17
100
40112 47
Preferred
74»t,
lOO
41-.
Pope Manufacturing.lOO
Ist preferred
100
115
125
14
i;d preferred
liio
I3I4 141a Pratt & Whitn pref..
100 100
54
Realty Assoc (Bklyn)lOO 139
1
)54
o7
Royal BakPowd pref.lOO 107
Ust
195
77
85
1st 58 1922
89
M-N { 85
N Y & Hob con 5s '46.J-D {109 110
Hob Fy Ist OS 1946 M-N {IO912 112
N Y<fe N J 1st 5s 1946.J.J {104 106
10th & 23d Sts Ferry 100
40
60
Ist mort 5s 1919... J-D { 92
96
HUnion Ferry stock .100
28
32
lllst 5s 1920
M-N 91
93
'4
24
318
105
1<
"34""
731a
20
96
98
113 114
439
Lynn<fc Bos Ist 58 '24. J-D { 112 1^ 1141^
loia
NewOrlRysCo
100
9^4 lO^s
94 >a
Excli Ust
Preferred
100
27"^ 29
Kaib-oad
1034
no8 110
412S 1952
JJ 7612 78
Chic Peo & St L pref.lOO
North Chic Str stock. 100
101
J 99
76
80
Deposited stock
2313
330 350
Pub Serv Corp of N JlOO 104 10434
Undeposited stock. .ill
ni7 121
Tr ctfs 2% to 6O/0 perpet 6034 61
Prior lien g 4 i28'30M<&S
100
205 210
North Jersey St Ry 100
24
Con mtg g 58 1930. J&J
1718
177 185
1st 48 1948
M-N 79 79 Hj
Income 58 1930
84
Exch Uat
ConsTracot N J...100 74"-> 7514 Chic R I <fc Pac— Bef g 4s
125
Dry D E B &
Ist 58 1933
J-D n08 108*2
1934 op to 1911.. ..A-O
47
Ijlst gold 5s 1932. ..J-D 111
114
New'kPasRy58'30J-J {114 114>2 Erieconv4sAprl'53A<feO
89 101
flScrip 68 1914 ....F-A
Or* New Ist 6s '05 A-O {100 101 N
Y
Cent deb 4s '34. M-N
146
liighth
Avenue
8t.
100
390
.
405
Essex
Pas 68 1905 M-N {101
TI
Northern Pacific
luo
16
IJScrip 6s 1914 ....F-A 105
106
Rapid Tran St Ry.. 100 250 260
When released
54
405
Ist 58 1921
H 42d & Gr St F'y stk. . 100 390
A-O 109 110
Northern
Securities. 100
734
42dSlM<fe StNAv..l00
50
JC Hob&PatersonlOO 20
70
Pitts Bess&LE
50
1\»
IJlstmort 68 1910 .M-S IO4I2 107
48 g 1949
M-N 77
77^2
Preferred
50
434
1[2d income 6s 1915 J-J
80
85
So J Gas El & Trao 100 115 117
Seaboard Air Llne41
InterboroughKapTr.lOO 153
54
Gug58l953
{102 104
Colllr5sl907 op... M-S
99
Lex Av & PftV F 68 See St kExo Ust
No Hud Co Ry 68' 1 4 J-J { 1 1
113
South Pac pref fuilpdioo
15
Metropol Securities See Stk E X Ust
58 1928
J-J {109
110
Va<S! Southwestern. .100
2634
Metropol Street Ry See Stk E X list
Ext 58 1924
M-N{104i2 105
Wabash Pitts Term Ry—
46
Ninth Avenue stock. 100 185 192
Pat City con 68 '31. J-D {122
lstg4sJunel
1954.J-D
Second Avenue stocklOO 208 210
2d 6s. ...1914 opt A-O {100
2dg48Juue 1 1954
74»4
lllst mort 58 1909 M-N {102
103 Hi Rochester Ry pref ... 100
993^ 10012
Industrial and Miscel
5
Con8ol5a 1948.... F-A (!110 113
Con 5s 1930 ,Se« Phila Ust
78
stock
Sixth
Avenue
100
172
176
2d
6s
H
1933
J.D 104 105 12 Alliance Realty
lOO
16
Sou Boulev 58 1945. .J-J §102 106 So Side El (Chic) stk. 100 95
96
AUis-ChaUuers
100
So Fer Isl 68 1919. ..A-O il05 108
Syracuse Rap Tr 68 1946 {105
Preferred
1 OO
143
Third Avenue See Stock Exch Ust
United Rys of St L—
HAmer Bank Note Co. 60
109
58 1928 103
Tarry
Com vottr ctfs
106
100
20
22
6 'a
American Can com... 100
61
7
RusseU & Erwin
63
25
YkersStBR 68 1946A.O 105 107
Preferred
lOO
66
68
48^4 49
Preferred
100
Safely Car Heat <fe Lt 100 174
ISO
28th & 29th Sta Ist 58 '96 { 1 12
Gen 48 1934
114»2
Se€Stk Exch list
American
108
Chicle
Co.
112
.100
Seminole
Mining
5
HTweuty-Th'd St stk 100 390 400
UnltRysSanFran SeeStk Exch list
Preferred
92
100
96
Singer Mfg Co
100 550 liOO
J-J
Deb 68 1906
96
Wash Ry & El C0....IOO 21
99
213, American Elevated
20
\ Standard CoupleroomlOO
28 >a
Onion Ry 1st &8 1942 F-A 109 112
Preferred
77'^ 77^ Am Malting 68 191 4. J-D
lOO
\'6i\ IO412
Preferred
loo 110 125
Westchest Ist 5s '43 J-J 102 106
481951
85»8 »b\ Amer Press Assoc'n.loo
J.l)
85 100
9
Standard
MUling
10
Co. 100
HWestChiCiigoSt
100
45
50
Amer Shipbuilding. loo 36«8 3634 Preterred
33
3313'
lOO
HCon g 58 1936. ...M-N {
BBOOEXTN
83 14
93 12
Preterred
77
100
5s
80
Am Soda Foun com.. 100
2
tiiia Securities
4
Standard Oil of N J.. 100 648 050
Allan Ave 5s 1909. .A-O n02
Ist preterred
68
100
3
stcragePower
"a
50 t
Con 6s g 1931
A-O 110 113
•a
NEW TOBK
2d preferred
12
14^2 Swift cfc Co See Boston St k Exc ii'ge
loo
Impt 58 See Stoclc Exc hUst
Cent Union Gas Ist 5s... {IOSHj 111
American
Surety
167
175
50
Ist
{102
5s
1910-1914
1 02 la
JJ
BB&
E 68 1933. .A-O 102 104 Con Gas (N Y) stk. See St k Exc h Ust Amer Tobacco (old)..
250
50
500
Tennessee Copper
25 t 32--. 33 >«
Brooklyn City stock... 10 238 241
Conv deb 6s ctfs AeeStk Exch Ust
Preferred
nee stock Exch list
75
ijTexas <fc Pacific Coal ioo
90
Con 68 See Stock Excli list
EquitGascon5sl932 See Stk E X Ust Amer Tobacco (new)
Ist 6s 1908
{105 110
A-O
Bkln Crosstu 68 1908.J-J 102
HMutual Gas
lOO 290 310
Common
(w
i)
245
255
Title
645
Guar
Trust.
&
555
..100
Bkn Hgts l8t5s 1941 A-O 104 106 New Amsterdam Gas
Preterred (w i)
85
831a Title Ins Co of N Y..100 155
162
Bkln Q Co & Sub ^'ee Stk Exch list
l8t consol 68 1948. .J-J {110
lllHi
63
4s (w i)
64
Tonapah Min Nevada). 1 t 9I4 10
Bklyn Rap Tran See Stk Excli Ust
6'eeStook Exch Ust
I06I2 107'2 Trenton Potteries comlOO
(wi)
6s
1212 15
llConey Is. & Bklyn ..100 340 350
Y <fe East River Gas—
N
Am Typefo'rs com. ..100 31 35
Preterred new
82
85
100
Isl cons g 4s 1948. -J-J 1001^ 101
1st 58 1944
J-J {111
114
Preferred
90
loo
Trow Directory new. 100 65
75
Brk C <fe N 5s 1939.J-J 113 116
Consoles 1945
J-J 107
110
Amer
Writing
Paper.
3'(
100
Union
Copper
'06
10
f
Qr Stc&New Ist 58
F-A 100
N Y <fe Richmond Gas. 100 35
Preiorred
204 21
100
Union TypewT com.. 100
90
95
Or'pt <&Lorimer St Ist 6s 104
Nor Un 1st 6s 1927. M-N {104 108
79 12 801a
63 1919
J.J
1st preferred
100 312 115
Kings Co. Elevated—
TIStandard Gas com ..100 130
160
1IBarney& Sm Car ...100
10
20
2d preferred
HI
100 109
Ist 48 1949 See Stock Exch Ust
TlPreferred
lOO 155 170
118
100
II Preferred
Unit
l^
Boxboardifc
134
Pap.
100
Nassau Eleo pret
100
75
Ist 5s 1930
M-N {110>:! 113^2 feliss Company com
50 130 140
9ii lOia
Preterred
loo
58 1944
A-O 110 113
Preferred
130
OTHRB
50
145
CITIES
U
S
Cotton
Duck
6
100
8
1st 4s 1951
SeeSX, k Exc h list
Bouddb Mtg Guar
100 450
U S Envelope com... 100
20
N Wb'g<fcFIatl8tex4»28 101 lOi Amer Light & Tract. 100 63 65 Borden's
CondMilk.. 100 121 125
73
11 Pref erred
77
lOO
Steinway Ist 6a 1922.J-J 4118
Preferred
100
98 100
Preferred
loo 110 113
US
Realty&Imp/S'ff Sfk Exch list
Bay State Gas
5I4
'35
50
British (Jol Copper
5
5>2| U S Shipbuilding (w I)...
13
16
Binghnmton Gas 5s 1938 { 94
OTHBB cmss
Camden Land
97
3
Preterred (w i)
'si
he
66
70
Brooklyn Union Was deb
Celluloid Co
100 118 120
5 certifs
32^
33
Buffalo Street By—
6s 1909 conv '07. ..M-S 197
199
Cent Fireworks com. 100
15
IS
U S Steel Corp new 58 See Stk E ^ hgt
1st consol 6s 1931. .P.A {111
113
Buttalo City Gas StocklOO
6
Preferred
58
1 00
63
C;oltrsf5s'51opt '11 .. {Ill
112
Dob 68 1917
A.O noo 107
Ist 58 1947 See Stock Exch Ust
Central
Foundry
100
2'8
Coltrsf 5s'51not opt.. {Ill
112
Chicago City Ry stk. 100 180 184
Chicago uaa See N Y Stk Exch list
Preferred
13
lOO
6
14'-i Universal Fire Ext'r. 100
7
Chic UuionTrac See St'ck Exch list
Consol Gas of N J
100 .
Deb 6s 1919 op 'OlM-N 64
65
Universal Tobacco.. .100
% 1
Cleveland Electr Ry.lOO
7334 75
l8t 6s 1936
J-J
90
Century Realty
105 115
92
100
Preferred
2
100
5
Columbus (O) St Ry..lOO
96'',
97% Consumers' L <& Pow—
Cnesebrough Mfg Co 100 420
Westchester <fc Bronx
Preferred
loo 108^4
5s 1938
J-D {112
1IClatlin(H B) Ist pref 100
92
101
Title & Mort Guar Co
130 ilSO
Colum Ry con 68 See Ph ila list
TIDetroit City Gas
50
t
112d preferred
100
95
105
Weslingh Air Brake. .50 tl36 I14O
Crosst'wn l8t5s'33.J-D no8
Elizabeth Ga.s LtCo..lUO 220
llCommon
95
s^l
100
105
White
Knob
34
Mining.
10
Grand Rapids Ry
lOO
66
Essex & Hudson Gas 100 117 Si \\8^ Col cfc Hock Coal<fc 1 pf 100
65
80
Worthing Pump pref.lOO 121 |126
Preferred
100
90
Fort Wayne 68 1925.. J J
60
62
IstgSs 1917
JJ 85
92
« Buyer pays accrued interest.
J Price per share, f Sale price, a Ex rights. jExdiv. 'J Sells on Stock Exchange, but not a very active soourity."
30
93
240
104
33
96
244
107
I8t58l928
J'-J
HLouisv St58l930..J&J
{
"12
M
.
MS
»-!
UK
I1
WP&M
1
I
. .
I
W
NYGELH&P
(
.
''i
.
i
i
!
I
!
H
.
—
.
. .
..
Nov.
.
.
.
THE CHRONICLE
5, 19U4.]
unA
Invitstmtnt
2079
^S^ailroad InteHigence,
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of every 8tb'.am: railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnini<s for the latest week or month, and the last two
columns the earnings for the period from .Huly I to and including such latest week or month. "We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the
period.
railways are brought together separateli^ on a subsequent page.
street
July 1
Latest Gross Earnings
ROADS
or
Week
Month
Year
62,016
Ala Qt Southern 3d wk Oct
Ala N O & Texas- racilic.
NO&NoEast St wk Oct 46,000
23.000
Ala& Vlcksb'g St wk Oct
23,000
Vicksb SU & P. 1st wk Oct
jDec.
Allegheny Valley August
39,006
wk
Oct
3d
Ann Arbor
6,156,340
September
Fe.
&S
AtchTop
301,132
Atlanta* Char.. A'jgust
88,902
Atlantic &Blr... September
Atl Coast liine... September 1,729,665
13,918
Bait <fe Ann S L.. August
September 6,04S,760
Balt& Ohio
BanKor & AroosI September 192,443
I
1
Bellefonte Ceut'l Sbi)tember
Briclgt & 8aco R. August
BullKooh& fUts
Butlalo (feSusq..
Cal<te Northw'n.
Canadian North
'Canadian f'aoUic
Cent'loi Georgia
Cent'lofN Jer.sei
Chattan South'n.
Chesap &Ohio...
,Chio& Alton Ry.
ChiuUt Western.
ChloInd&L'v...
4tli
wkOct.
September
September
±th wkOci
4th wkOct
-d wk Oct
September
3d wk Oct
September
September
3a
wk
Ocl
3d wk Oct
Ohio Milw & St 1= September
Chlc& North W September
Chic St P M & O September
CUlo Term Tr RR 4th wkOol
Ciu N O A; T Fac 3d wk Ooi
01 Cln Ch & 8t L September
Peoria <te East'ii September
Copper Range....
Cornwall
Cornwall &Leb..
Deny. & Rio Gr...
Uet & ftlacliinac.
Detroit Southern.
DulSoSh&Atl..
Erie
F'l-child&N'r'e'K
Farmv& Powhat
FtW&l>envClty
Georgia RR
Ga South & Fla..
GUaValGA
N..
Gr Trunk System
GrTr. West'n.
DotOrH&M..
Great Northern..
Montana Ceiil'l
Total system.
Gulf* Shi pisland
Hocking Valley..
Illinois Central..
Illlnoia Southern
& Iowa...
Int & Gt North'n
tlnteroc(Mex)...
Iowa Central
IndlU
Kanawha &, Midi
Kan City South'u
LakeKrie&Westn
Lehigh Val RR..
Lezing ifeEast'n.
Long Island
Louisiana &Ark.
Louisv
Macon
&
&
Nashv.
Blrm..
Man'teeikGr.
it:ip
Manis & No Eas
ManlsUque
Maryl'd & Penn..
JMeiJcanCent'l..
; Mexican litem.
{Mexican Ry
;MexlcaDt)outh'D
MlUen
<k
So'w'n.
Mineral Range..
Minneap
it
8t
L,.
Mo Kan & 'Lexu,^
Mo Pao & Iron Mi
Central Branch
Total
4,770
4,818
232,704
101,853
169,069
136,500
1,531.000
271,900
1,834,750
2,655
1.718,890
1,268,15b
162,623
115,448
4,690,137
5,386,624
1,220,905
45,07e
145,633
2,150,496
261,521
154,046
15,973
67,254
5,059
20.688
551,100
79,904
33,277
52,825
47,000
22,000
25,000
142,862
33,809
5,870,813
275,959
55,923
1,533,416
12,042
6,028,069
183,226
6,422
4,171
229,086
89,500
147,128
99,700
1,448,000
230,000
1,770,853
1.303
1,572,707
1,073.534
164.351
115,336
4,413,733
5,133,331
1.100.611
47,631
140,325
1,965,118
ROADS
I^evious
Year
$
s
60.424
300,831
174,763
17,357
August
45,878
September
6,459
August.
29,410
539,900
4th wkOot
September
82,905
3d wk Oct
35.101
3d wk Oct
55,881
September 4,024,02^: 4,224,844
2.281
1.725
sei>tember
August
8,702
7,094
September 213,907 229,940
September 220,264 198,575
September 149,894 130,581
July
41,126
739,643 709.312
3 a wk Oct
113,925
wk
Ocl
118,163
3d
3d wk Oct
27,880
27.593
September 3,701,674 4.017,620
Septembei
196,120 181,524
September 3.897,794 4,199,144
3d wk Ocl
38,860
39,392
4th wkuct
143,822 145,166
September 4,228,835 4,003,963
September
24,002
1.6,022
September 143,606 125,861
•ith wkOot
252,395 262,337
3d wk Got 112.193 106,451
4th wkOct
82,594
80,231
4th wkOot
46.708
47,121
September 543,341 522.731
September 464.373 487,770
September 2,510.869 2.703,653
September
39,218
50,904
August
Inc. 51,871
September
69,707
51.892
3d wk Oct 812.025 775.935
September
11,761
9,884
August
8,809
9,786
August
36,609
34,753
September
7,894
8,638
August ..
30,780
32,201
September 1,921,422 2,020,346
August
550,471 536,801
Wk Oct 15 120.000 101,600
2d wk Oct
25.307
21,574
September
7,974
4,909
3d wk Oct
13,286
13,156
4th WkOct
96,653
99.398
Sd wk Oct 527,015 421,529
4th wkOcl 1,452,000 1,508,000
4th WkOct
46.000
77,000
4th wkOot 1.498,000 1.585,000
Colorado & South 4th wkOoi
Col New b &Lau. August....
Current
Year
Previous
Year
Ciirrent
Latest Gross Karninys
Date
to Latest
Week
or
625,795
335,783
348,266
M Bt P & 8 St M.
Mob Jack & K C.
650,626 Mobile & Ohio...
203.254 NashCh & 8t L..
344,040 JNat'lRRofMex
933,253
Dec. 279.251
Nev-Oal-Oregon.
610,932
634,763
16,343.511 16,852,139
618,417
245,094
4,658,74b
27,521
17,193,654
522,271
10,682
9,215
2,869,047
278.410
497,550
1,303,500
17,818,94^
3,143,812
5,735.979
44,420
5.210,175
3,408.362
2,353,637
1,821,080
12,897,411
14,940,714
3,046,518
539,299
2.248,025
6,040,678
755,363
2,068,207
31,884
123,744
16,969
38,088
5,895,615
250.684
458,957
869,574
12,058.347
7,871
16,689
596,955
588.486
416.538
41.126
Nevada Central..
N Y C & Hud Riv
536,221 N Y Ont & West.
162,721
4,308,671
28,257
17,881,984
Y Susq & West
^f
Norfolk & West'n
Sorthern Central
North'n Pacific
512,200 Ohio Riv& West..
17,957 Pacitio Coast Co
9,226 e Penn— EastP&E
2,887,167
246,726
eWestP&E,.
Pere Marquette
458,077 PhilaBalt«feW'sh
1,110,500 Phlla & Erie
16,498,764 Pittsb C C & St 1
2,830,245 Raleigh & C Fear
5,640,700 Readiu.sc Railway
33,909
Coal& Ir Co
4,789,374
Total Both Cos
3,073,607
2,664,806
1,S07,644
12.756,337
14,743,479
3,068,160
569,367
2,149,883
5,826,668
782,66s
2.287,805
33,820
101,639
26,730
63,733
6,340,294
246,422
547,760
939,411
13,108,696
7,511
1.3,161
Ricli Fr'ksb & P
Rio Grande Jet..
Rio Grande, So...
.
Rocklsl'd Sys..
Rutland RR.
St Jos <feGr 1
St L & San Fran g
St L Southwest ..
StL Van&TH..
Seaboard Air L..
Southern Ind
So PaclUcCo 6...
Southern Rallw'y
TerreH &
Terre
Ind...
H & Peor..
Texas Central
Texas <& Pacific.
.
NW
Tol & Ohio Cent
TolP&West ...
TolStL& W....
Tex S V &
Tor
.
Ham & Butt
wk Oct
wk Oct
wk Oct
4ih wkOct
3d wk Oct
3d
1st
week Aug.
(46 roads)
8,299,353
8,484,122
8,607,235
14.017,039
2d week Aug. (4<i roads)
3d week Aug. (46 roads)
4th week Aug. (52 roiids).
Ist
2d
3d
4th
l8t
2d
3d
4tb
week
week
week
week
week
week
week
week
Sept. (50
Sept (50
Sept, (49
Sept. (51
Oct (46
Oct
Oct.
Oct
roads)
roads).
roads)
roads).
roads).
(4() roads).
(47 roads).
(21 roads).
8,934,3(>9
9,598,361
9,677,980
12,845,791
9,273.472
9,542,745
10,126,282
7,267,780
Includes the
«'V^r?"oy-._
ftr^ii^fJ^^^^TIncludes
operated,
the Chicago
g
'>
&.
W
+ 110, 785
8,3.57,622
-I
8,902.0'.*4
9. '269.091
7.047,425
Hous
.te
P.C
Inc. or Dec.
8,188,568
Eastern
Latest Date,
Current
Year
Year
Previous
Year
213,499
8,937
166,150
286,439
215,637
26,918
.
.
.
1-35
+ 126, 500
+ 129, 396
1-51
1 -53
,'207, 01
H-12
4-33
6-41
8-30
1
t
+ 370, 586
+ 58L 167
+ 749, 387
+ 5()5, •.w,<
564, 181
+ 640, 721
-\ 857, 1!H
4 220, 355
-I
1-60
6-48
7-20
!>.25
3-12
MONTHLY SUMMARIES
Month Nov. 1903
Month Dec. 1903
Month Jan. 1904
Mouth Fob. 11(01
-Moiitli
Month
Month
Mouth
Mouih
Month
Month
Month
Aug.
Aug.
Sept.
Sept
Sept
Oct
Sept.
Aug.
Sept.
Aug.
Aug.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Sept.
Sept.
Sept.
Oct.
Sept
Aug.
Sept
Aug.
Sept.
Sept.
Sept.
Oct
Sept
$1,767,931
643,822
40,137
8.026,554
4,575,009
3,671,614
287.252
62,721
155,677
4.682,884
4,720,400
931.714
34.007,231
1.411.000
36.017.231
$1,597,718
55,083
8.665,178
4.634,736
3,891,362
252.431
55.046
163,457
4.800.242
4,311,400
804,862
34,540,963
1. '244.000
35.784.963
9.'248.523 9.094.913
7.571,864 7,761.564
86,865.419 92,87-.i,719
Dec. 2.1 74,200
9,517.847 9.037.903
10.193.106 10,194.406
4.959,722 5,164,432
17,751.683 18.500.162
421,612
397.075
2,642.132 2,23>',()09
1,911,57b l,.^2 1,495
568,709
578,635
9,419.117 9.379,651
3,522.091 3.491,491
Current Year Previous Y'ar
(129 rds.) 140.922,833 1.35,195 ,056
(I:i8 rds.) 136.551.834 131. 116 ,4 21
(1 '27 rds.) 121,307,020 127,0.>3 ,.'~)S'J
(129 rdM.) 11-^,445,SS!I 115.1 H. S15
!I04 (l'J5 rds.) 133.218.211 133,2'.tl. 03I
Apr. 1904 (127 riU.) 132,433,290 136,783, ,139
M:iy 1901 (128 rds.) 130.935,0131 134,6(>0, ,386
Juno 1904 (lo,-^ rdrt.) 113,;J5 1.491, 1I4.2S0, ,175
JiUy 1904 (rj5 rds.) 132,242,621 1.39.712, ,599
Aug. 1901 (122 rds.) M5,2ii2,193 14 1,558, ,473
Sept 1904 ( 60 rds.) 61.589,5061 59,124, ,47b
Oct 1904 ( 20 rds.) '.Jl, '293.192 20,198, ,633
Mar.
I'ear
Dec. !^50 3.615
ITIontltly.
1
Tex. Cent, and its subslU. liuea la both yeara and for botu periods,
both years.
Illinois In
Current
Year
Period
P&E
8.477,839
12.810,025
8.563,7b3
9.017,197
8.928,593
12,280.423
8,70«,991
to
184,719 2,654,272 2.450, 767
8.314
141,994
113, 963
142.084 2,4^1.306 2,276, 035
283,956 3.451,335 3,337, 331
189,125 3,349,055 3,347, 533
September
20,482
65.277
57, 177
2.323
August
4,069
3,832
6, 725
September 7,250,540 7,056.151 21,015.428 20,998, 245
September 594,449 602.800 1,943,825 1,966 ,b87
septeaiber 208,305 '214.809
600,076
697, 629
September 2,012,636 1,883,661 5,783,793 5,754, 475
September 935.719 879.319 2.693,270 2,721, 370
September 4,680,106 4,611,213 13,122,666 12,938, 688
20.795
September
20,420
58,4(53
58, 233
September 559.303 538,081 1,774,808 1,665, 797
September 10388650 10680750 30,169,643 32.717, 443
Dec. 13 9,700
September
Hec.7'.) 9.100
3d wk Oct 209.312 237,149 4.185,284 3,746, 875
September 1,202,890 1,228,590 3.620.395 3,570, 395
769.511 780,104 1,489,056 1,556, 426
August.
September 2,140,584 2,232.723 6,133,524 6,619, 318
3.637
11,565
September
September 2,817,873 2,922,121 8,434,069 9,126, 422
September 1,971,823 2,121,012 6,590,973 7,997, 560
Sep'ember 4,789.696 5,043,133 15,025,04'. 17,123, 98'2
110.940 107,442
238,929
August
231, 700
46.256
AuL;uet
89.188
104, 930
53,973
10,184
140.y36
8,084
157, 763
3d wk Oct
September 4.117,881 4.390,597 11,048,694 12,741, 638
720,734
September 232.345 232,068
709, 223
135.05'.
226,847
119,268
234, 140
August
September 3,535,443 3,191,717 9,731,381 9,274, ,875
4th wkOct 314,507 267,149 3,031,684 2,524, 656
918,546
649, 541
September 350,573 224.409
August
1.014.770 946,619 1,986,015 1,921, .279
340,644
322, 5.57
September 119,917 109,167
Au^st .. 7.779,376 7.903.767 14,909,935 15,632, ,891
3d wk Oct 1,015,199 933,121 15,024,335 13,987 ,069
579.988
554, ,115
September 215,827 192.271
176,365
166, ,161
53,526
62,572
September
240,177
194, ,985
19,435
17,478
3d wk Oct
4th wkOoi 527,475 488.259 3,982,3 .;5 3,794, .129
38,400
15,400
34, ,100
13.200
Septembei
4th WkOct 107,379 111.332 1.482.590 1,366, ,991
414, 268
416.483
29,696
3d wk Oct
26,860
93,330 1,328,404 1,148, 607
4th wkOot 103,970
187,102
178, ,216
14,136
12,008
2q wk Ocl
September 5,427,858 5,182,844 14,905,351 14,306, ,684
147,192
187, 151
68,208
49,669
September
-ith wkOct
819,392 701,352 9,715.656 8,567, 562
September 445,008 439.808 1,740,639 1,766, 639
135,018 141.075 1,571,656 1,647, 537
4th wkOct
18,83'.
36.311
18,264
37, 284
August
4th wkOct 204,000 202,639 2.410,493 2,451, 391
45,871
38, 586
21.815
15,918
September
September 639.135 682.110 1.741,525 1.646, 893
3d
3d
752,006 Un Pac System ..
553,431 Virginia cfe So W'n
408,562 Wabash
Jersey & Sea'e
11,4.46,747 11,791, 153 Wheel & LE
1,515,608 1,748, 984 Wm'sport&N.Br.
445, 511 Wisconsin Cent..
f)06,512
10,645.823 11.018, 185 VVrightsvA T'n..
562,578
558, 460 Yazoo <fe Miss. V.
11.208.401 11.576, 645
578,620
586, 079 VARIOUS FISCAL TEARS
2,274,796 2.282, 379
12,248,227 11,797, 26b Allegheny Valley
Jan.
74,420
44, 045 Atlanta & Charl Air Line
Mar.
391,956
369, ,848 Atlantic & Birmingham
Dec.
2,169,572 2,0S2, ,776 Bellefonte Central
Jan.
1.763.067 1,677 ,020 Chic St P >Iinu & Omaha
Jan.
880.575
826, ,977 International &Gt North'n.. Jan.
612.545
581, ,029 Lake Erie & Western
Jan,
1.539,313 1,534 ,033 Manistee & North Eastern.. Jan.
1.346,385 1,443, ,617 Manistique
Jan.
7,477,733 8,187, ,589 Maryland & Pennsylvania.. Mar.
117.467
155, ,049 Mexican International .. .. Jan.
Vec. 43. 802
JMexican Railway
Jan.
195.708
160 ,761 tMexican Southern
Jan.
11,635.596 11,403 ,465 Missouri Pacific
Jan.
32.413
31 ,75s
Central Branch
Jan.
16,117
18 ,664
Total
Jan.
70.941
64 ,439 tNational RR of Mexico
Jan.
26,759
25 ,366 Northern Central
Jan.
55,615
60 ,831 ePermsy., East of P & E
Jan.
5,988,132 6,076, ,003
eWostof
Jan.
1,121.27
1.079 ,689 Pere Marquette
Jan.
1,681,500 1,571 ,",)00 Phila Baltimore & Wash
Jan.
320.813
293 ,128 Philadelphia & Erie
Jan.
20,659
12, .620 Pitts Cin Clue & St Louis
Jan.
211,386
179, ,880 Rio Grande Junction
Dec.
1.081,835 l.ObO, ,302 St L Vandalia & Terre H
Nov.
6,278.717 5,601 ,537 Terre Hauto & luilianap
Nov.
15,053.610 15,019 ,481 Terre Haute & Peoria
Nov.
606.000
641, ,000 Texas & Pacific
Jan.
15,659,610 15,660, ,481 West Jersey & Seashore
Jan.
\Currcnt Year PreviousY'ar
Previous
y 1
%
952,793
AGGREGATES OF GUOSS E.iRN IIVGS— WeeklF and
WEEKLY SUMMARIES
Current
Year
Month
Ju
e
Inc. or Dee.
i
JR*
+5.727. 7774-2*
+ 5,405, 4134-13
—5,776, 502 U -55
+ 2,997, 0742-60
^7.'>, 823 '0-06
—4,319, ,S19,318
-3,724, ,7732-77
—928, ,6^4
—7,460,
+ 731, 020
081
5-35
0-51
+2,465, 088
417
+ 1,094, 559
5-42
Covers liaoa directly
——
.
..
THE CHRONICLE.
2080
Latest
ti^roBB
— Gross Kariiiiiys. —
Eamlngrs by Woeka.— In the table which
last year.
4<A week of October.
BaffaloRooh.
1904.
A PlttBb'iJ.
KanawnaA
MiohiRan...
48.70'i
MlnneapollB
&. St. Liools.
96,653
1,452.000
46,000
Mo. Paolflo & Iron Mt.
Central Branch
Naehv. Chat. & St. Loals.
8t. Lon 18 South weetem..
Texas & Paolflo...
T >le(lo A Ohio Central..
Toledo St. L. & West....
. .
Wabaah
Wheeling A Lak e Erie. .
WlaconslD Central. ......
Total (21 roads)
Net Increase (3-12
Decrease.
i
Canadian Northern
Oanadtao Pttcltlo... ....
Ohle. Term. TranefM
Colorado & Southern
Denver A R)o Orande
Hooking Valley
International & Ot.No..
Iowa Central
.,
.
lnerea$e.
1903.
232.704
136,500
1,531.000
45.078
154,046
551.100
143,822
262,395
82,594
285,439
314,507
627,475
107,379
103.970
819,392
135.018
204,000
7,267,730
229.086
99.700
1.448,000
47.681
174.763
539.900
145.166
262.337
80,231
47.121
99,398
1,508.000
77,000
283,958
267.149
488.2'>9
111.332
93,H30
701.352
141,075
202.639
7,047,425
p. o.)
3.618
36.800
83.000
2,553
20,717
11,20C
• •->.
-
.
,
1,344
9,942
2.363
413
•••• --
2,745
56.000
31,000
1.483
47.358
39,216
S,953
i6.640
118,040
• •-—
6,057
...--
1,361
355,079
220,355
134,724
...
For the third week of October our final statement covers
47 roads, and shows 9*25 per cent increase in the aggregate
over the same week last year.
3d week
1904.
of October.
Previously rep'd (37r'd8
Mouthern
Chattanooga Sonthem.
Oln. NO. <fe Texas Pac,
Alattania
[Vol. Lxxix.
Current
we sum up
separately the earnings for the fourth
wenk of October. The table covers 21 roads and ihows
8'12 per cent increase in the aggregate over the same week
follows
.
t+t.
Grand Trunk We8t,..>
Det. Gr. Hav. & Milw. 5
Gult & 8hlD Island
Interoceanlo (Mex.)
Mob. Jackson & K.. City..
Toledo St. L. <& West
Total(47 roads)
Net inoreaee (9*25
S
$
8,941,363
62,016
2,65
145,633
8,140,965
60,424
1.303
140.326
739,643
709,312
ft
.
Or^d Trunk of Canada >
Increase.
1903.
S
842,946
6,742
8,314
62,605
623
10,126,282
9,269,091
39,392
12,377
900,271
857,191
43,080
For the month of October the returns of 30 roads show
as follows:
Month of
1904.
October.
1903.
Increase.
$
9
9
0ro88 earnings (20 roads) 21,293,192 20.198.633 1,094,559
Per Cent.
5-42
be seen that there is a gain on the roads reporting in
the amount of |1, 094, 659, or 5-42 per cent.
It will
Net Earnings Montisiy to Latest DateSe—The table following shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, including ail
roads from which monthly returns can be obtained, is gives
once a month in these columns, and the latest statement of
this kind will be found in the Chboniole of Oct. 22,
1904.
The nazt will appear in the issue of Nov. 19, 1904.
—Current
G7'oss Eariiings.
Tea):
—
Previous
Year,
,
Net Earnings.
Current
Previous
Tear
Tear.
,
Soads.
$
$
$
$
Atlantic &Blr.RR.aSept.
65,923
88.902
31,043
21,970
162,721
July 1 to Sept. 30....
245,094
80,047
64,618
Atlant Coast 1^. a.. Sept 1.729,665 1,533.416
699,952
667,567
July 1 to Sept 3.).
4,658,748 4,308,671 1,420,490 1,322,744
Bangor&Arooet'tibSept
183,226
192,443
81,656
79,890
522,271
512,200
July 1 to Sept 30..-.
198.667
197,577
Baflalo&S'sqneh a. Sept
101,853
89,500
35.440
42,405
278,410
246,726
July 1 to Sept 30....
111.072
87,055
OanadlanPaoltlo a Sept 4,220.876 3,937,002 1,268,808 1,202,266
30....
13,093,947 12,010,500 4,246,390 3,964,896
July Ito Sept
Ohatt'n'ga South.aSept
9,875
9,739 def.2,077
def.628
37,411
30,319
July 1 to Sept 3«i. -.
9,272
2,093
Obioagodi Alton. a.Sept 1.268,158 1,073,.534
507,200
400,222
8,408,362 3,073,607 l,277,i47 1,102,249
July 1 to Sept 30
712,557
749,399
257,984
220,114
Ohio. Gt.West'n.b. Sept
1,866,466 2,160,822
563.495
605,786
July 1 to Sept oO
CMC. M.&St. P.a. Sept 4,690,137 4,418,733 1,824,459 1,589,694
July Ito Sept »o.... 12,897,41112,756,337 4,714,276 4,684,620
703.687
619,078
Ol.Otn.Ohl. ABt.L bSept 2,150,496 1,965,118
"
"
6,040,678 5,826,668
l,930,4d0 1,734,283
July Ito Sept3o
261.521
800.831
70.537
Peorla«kEas'n..bSept
71,768
765,363
782,668
194,658
192,236
July 1 to SeptSo....
6.059
6,459
690
908
Sept
Oomwall.a
16,969
26,730
6,849
9,890
July 1 to Sept 30....
239,161
239,412
90.597
78,442
Dnl. So. Bh.&Atl.b Sept
713,288
291,040
773,631
269,221
July Ito Sept 30....
Sept 4,024,022 4,224,844 1,283,400 1,278.506
Erle.a
July 1 to Sept 30.... 12,068,347 18,108,696 4,086,288 4,396,397
41,828
220.264
198,575
69,177
Sept
Georgia RR.a...
114,071
563,431
155,389
588,486
July Ito Sept 30. ..
161,589
86,896
66,893
157,322
Gull & Ship iBl'n a.Sept
467,174
113.846
184,114
458,183
July 1 to Sept so
149,699
32,077
158,999
13.279
Kanawha&MlcU.a Sept
440,852
64,723
74,446
468,608
July 1 to Sept 3u. ..
522,731
152.731
126,629
543,341
Kan.Olty South. a .Sept
840,718
400.898
July 1 to Sept3o.... 1,539,313 1,534,038
Lehigh Valley BR.bSept 2,510,869 2.703,658 81,048.407 sl,183,034
July Ito Sept 30.... 7,477,733 8,187,589 83,125.831 83,624,396
50.904
11,144
12,096
39,218
Lexing'n <SiEa8t.»...Sept
155,049
83.919
38.777
117,467
July Ito Sept 3u....
.
.
.
.
.
Jioads.
$
Arkan.aSept
July 1 to Sept 30....
LonlBv. 4 Nashv.fc Sept
July 1 to Sept 30 ...
Mineral Range. b... Sept
July 1 to Sept 30 ...
M. Bt.P.A 8.8. M.b. Sept
July Ito Sept 30..-.
Nash. <5h.<it8t.I..b. Sept
July Ito Sept 30....
Lonls'na<fc
»."$
.
Chlc.&
,
69,707
195,708
3,257,232
9,274,991
51,892
160,761
3,125,344
9,167.515
58.<-40
46,351
172,070
144,923
772.595
786.603
2,028,652 1,929,895
831,876
867,689
2,561,318 2,470.968
29.140
8,784
74.913
89,476
1,157,637 1,002,008
3,147,897 2,732,587
21,163
8,654
52,914
26.690
432.070
430.886
1,001,510 1,000.401
258.819
252,077
768,754
728,246
Louis b—
8t.
July Ito Sept 30.... 1,995,834
W. Y.Ont.* Wftst.aSept
594,449
July Ito Sept 3o.... 1,943,825
Br.y.Sus. AWest.a.Sept
208,305
July 1 to Sept 30....
600,076
Norfolk* West'n.b Sept 2,012,635
July 1 to Sept 30.... 5,783,793
Northern Central bSept
936,719
Jan. Ito Sept 30.... 7,571,864
Ohio River & West. Sept
20,795
July 1 to Sept 30.
58,483
Paolflo Coast Co.. aSept
559,303
July Ito Sept 30.... 1,774,808
504,749
203,478
737,674
214,809
72,461
697,629
191,319
1,883.661
870,279
5,754,475 2,420.066
303,113
879,319
7,761,564 1,796,605
20,420
7,158
58,238
15,539
53*^,081
125,251
381,774
1,665,797
2,055,141
602.800
1,966,887
490.171
166,509
648,737
88,507
289.886
808.465
2,438,423
197,213
1,774,905
5,145
14,283
119.034
350,922
Pennsylvania—
Ijlnes directly operated
jEastof PlttP.AF, Sept 10,388,650 10,680,760 3,896,410 3,688.510
jjan. Ito Sept 30... 86,865,419 92,872,719 26.267,866 28,848,966
Dec. 139,700
Inc.
338,400
WestofPlttn.&E Sept
Deo. 3,174,200
Dec.
418,^00
Jan. 1 to Sept 30
AWash.bSept 1,202,890 1,229,590
386,166
10,193,106 10,194,406 2,675,086
40.903
BioGrande8onth.lt Sept
35,861
20,019
111,927
133,683
48,688
July 1 to Sept 80....
Rock Island Syst.a. Sept 4,117,P81 4,390,697 1,585,850
July Ito Sept 30. ...11,048.694 12.741.638 3,749,444
232.345
232.068
93,553
Rutland BR
Sept
709,.i23
720,734
303,889
July Ito Sept 30....
Phil. Bait.
& Ban Fr. (Inclnrt.
Ohio. &E. Ill ).a.-Sept
435,866
2,866,686
12,966
64,473
1,375,140
4,371,383
84,533
282,468
St. L.
532
106.4.51
p. o.).
s
42,548
30,331
8.937
74.982
\et Ear itiiigs.
Ciirren I
Previous
Year.
Year.
Preci/tus
Year.
Jan. 1 to Sept 30
Decrease.
1,592
1,352
5,308
38,860
112,193
Tear.
3,535,443
July 1 to Sept 30.... 9,731.881
765,867
StLonls S'west.b. Sept
2,131,987
July 1 to Sept 30.
South Buffalo Ry.b—
53,881
July 1 to Sept 80
3,191,717 1,480,200
9.274,875 3,712,106
649,139
290,279
1,791,167
718,323
49,437
Southern Railway 8yst.—
Southern Ballw a Sept 4,289,641 3.865,691
July Ito Sept 80. ...12,047,309 11,214,428
705,822
639,828
Mobile &Ohlo.a.. Sept
1,969,428 1,861.724
.July 1 to Sept 3o
580.477
639,538
Oln. N. 0.& T. P.a.Sept
1,823.106 1,757,993
July Ito SeptSo
269,553
260,989
Ala. Gt. South a.. Sept.
761,924
772,248
July 1 to Sept 30
149,894
130,581
Ga. South.&Fia.aSept
408,562
416,588
Jnly 1 to Sept 30
352,716
376,917
Toledo <b O. Cent. a. Sept
1,129.222 1,041,020
July 1 to Sept 3o
Union Pao. SyBt.a..Sept 5,427,858 5,182,844
July 1 to Sept 30. ...14,905,661 14,306,684
445.008
439,808
W.Jersey ASeash.h Sept
Jan. Ito Sept 30.... 3.522.091 3,491,491
593.010
604,629
Wisconsin Centr'l.b Sept
July Ito Sept 30.... 1,786,492 1,836,960
1.105,223
3,280,384
214.622
540,043
7,978
20,555
1,405,176
3,548,003
232,055
579,663
152.082
443,891
49,718
132,718
37,321
1.240,922
3,312,504
9tt,515
102,841
376,837
2.625.397
7,057.494
158.302
1,045,357
222,300
697,892
218.755
530,694
125.914
391,003
62,397
183,549
27.366
91,810
101,222
299,974
2,417.250
6,482,692
139,302
978,757
211,875
686,417
a Net earnings here given areafterdedaotlngtaxes.
b "VfeteMntugs nereglven arebeforedednotlngtaxehAllegheny Valley
J These figures Include results on the Buffalo St
Division In both years.
Including other Income, total income (exolnslve of results of coal
companies) ror Sept. Is il,097.350 in 1901, against $1,225,904 In 1903,
and for period trom Julv 1 to Sept. 30 is $3,326,000 In 1904, against
$3,764,058 in li)03. Deductions from total Income for additions and
improvements were $107,966 in September, 1904. against $66,100 in
1903, and from July 1 to September 30 were $338,933 In 1904, against
$178,000 In 1903.
Interest Chargres and Surplus.
—Pal. of Net Earti'gs.—,
Int., Ken tals, elc.
—
Roads.
Sept
Atlantic at BIrm
July 1 to Sept 30
Bangor & Aroost'k.Sept
Jul.y
Ito SeptSu....
Bulfalo &S'8qiieh..Sept
July Ito Sept 3o
Olev. oin.Ch. A fcst.L.Scpt
July 1 to Sept. 30
—
Previous
Current
Previous
Year.
Year.
Year.
Year.
$
9
$
$
14,567
43,700
46,896
140,196
23,157
54,807
303,934
921,964
41,689
125,065
89.141
367.425
Sept
Peoria &£a8t
July 1 to Sept 3o
Oul. 8o. Sh. & Atl...Sept
Ju^r Ito Sept3o
Sept
a61,416
Georgia BR
July 1 to Sept 3o.... al56,3I<>
Sept
24.437
Gulf & Ship Isl
73.074
July 1 to Sept 30....
20,072
Kanawha A Mloii...Sept
60.420
July 1 to Sept 8- ...
11,350
IiOnlsl'na& Arkmi.Sept
34,050
JiOy 1 to Sept 3o ...
Sept
9,447
Mineral Range
28,340
July 1 to Sept to ..
150,502
Nashv. Chat.&bi.L.Sept
451,507
juJ^ 1 to Sept 30
N. Y.Chlc.
16,476
15,887
36,347
46,368
33,757
34,761
58,471
56,282
•30,838
•32,734
•79.066
*99.547
322,269
399,753
830,366
903.917 1,008,526
80,079
28,848
41,689
67.170
69,593
125,065
•2,492 •def.9.670
88,647
•27.474
•4,611
265,933
•18.764 •def.7,379
a61.379
•def.988 •det8.052
al54,7l0
•48.438
•13.038
19,152
•129.189
•42.699
67,867
•9,206
23,464 •def.6.265
•14,777
•6,208
61,519
•1,626
•20,468
8,817
•16.179
•48,844
36,450
*11,818
•def.893
9,697
•24,911 -del. 1,882
29,090
102,496
108.317
149.581
273,702
317,247
449,644
6,083
18,260
46,133
141,295
12,330
37,038
296.809
&8t. L,.—
337,792
Jnly Ito Sept 30....
g6O,70O
N. Y. Ont. & West. . Sept
gl76,150
July 1 to Sept 30
.
,
Current
338,408
g68,15S
ei97,686
•169,513
142,778
561,524
•168,556
100,856
451,201
— —— — —
...
..
.
Kov.
5,
Int.,
Rentals,
—
.
/
-Bal. of Net Eam'gs.—^
Previous
CurretU
Tear.
Tear.
Tear.
Previout,
Tear.
$
$
$
$
Sept
etc.
Ourrenl
Roads.
Norfolk & West'n....Sept.
July 1 to Sept. SO
BloOrande Soatb ..Sept.
July 1 to Sept 30
RR
298,230
879,690
17,833
64,077
859,407
S178.378
.
deductions.
s These are net charges after allowing for other Income received.
« Includes also sinking fund charges.
STREET RAILWAYS AND TRACTION COMPANIES.
Lattit Broit Sarninfft
6BOS8
We$korMo
Jan. 1
to
Latest r>n e
Current
^ear.
tear.
Tear.
2081
Street Railway Net EarningrB*—The following tabic gives
the returns of Stbebt railway gross and net earnings received
week. The last general summary which we fnmlsh once
month, and in which we bring together all the roads from
which monthly returns can be procured, was given Oct.
39, the next will be given Nov. 26,
this
577.049
282,891
545,674
788,846 1,540,366 1.649,577
*2.186 def.*6,364
19,330
*11,847
65,574 •def. 2,471
*37.«12
*26,429
861,689
*136,510
*113,282
8180,291
July 1 to Sept 30
Bouth Buffalo Rr.*ll,58l
*i6,l56
4,419
1,260
Jnly Ito Sept 30
*71,644
•60.442
38.222
40,816
Toledo & Ohio Cen..Sept
*285,222
*180,997
lly,668
118,297
July 1 to Sept 30....
*79,176
*72,798
144,293
145,803
WlBCOneln Cen tral. Sept
*265,800
*259,063
439,317
440.513
July 1 to Sept 30.
* After allowing for other Income received.
a Charges here inolaae roait-rental (paid by leasees) and other
EABNINOS.
,
THE CHRONICLE
1904.
,
Batland
.
. ..
1
Pretiout
Year.
9
September 29,477 30,175 221,919 209,011
September 132,568 132,513 1,082.502 1,027,105
September 46,786
340,177
September 22,418 21,932 192,620 183,591
5.'>,866
Bostx>n & Worcester.. August
'68,055
60',i24
6,630 "7,710
Burllngt'n (Vt.) Trao September
326,661 227.656 2,500,054
Cal. Gas & Electric. August
September 44,132 45,753 397,959 390,557
Cent. Penn. Tract
324,277 194.636
Chicago & MU. Eleo. September 83.712 40,921
September 62,863 67,086 588,640 598,780
Chlo & Oak Park
372,440 391,486
Oln. Dayton & Tol.Tr. September 47,581 49,983
Albany A Hudson ...
American R'ys.Oo. II.
Anr. Elgin 4 Ohio. Ry
BlBghamton Ry
a
— Gross Earnings. —
Current
Previous
Tear,
Tean
Moads.
Indianap. <& Northwest
Traction Co
Sept
July 1 to Sept 30.
Middlet'n-Gosh. Elec.to—
July 1 to Sept 30....
37,109
111,281
16,964
54,910
18,179
11.465
10,848
83,197
19,627
11,311
10,527
3,522
5.698
5.213
33,633
3,818
6,663
4,917
6,525
72,786
219,408
6.181
72,078
212,693
2,169
32,353
97,897
2,143
32.113
95,134
Utloa & Mohawk Val. Ry. b—
July 1 to Sept 30....
226.737
216,237
89,779
91,384
PeeksKmLt<&RR...Aug.
Month of Sept
Jan. Ito Sept 30....
Rome City St Ry.b
July 1 to Sept 30....
Syracuse Rap Tr.bSept
Jn^ 1 to Sept 30....
youngstown-Sharon Ry.
Sept
A Lt. Co.a
Jan. Ito Sept 30....
37,194
340,099
12,704
133,768
a Net earnings here given are after deducting taxes.
bNet earnings here given are before dedactlng taxee.
Interest Charges and Surplus.
—Inf., Rentals,
(Mnscatlne, Iowa)..
Oleve.* So.W.Xr.Co..
Oleve. Palnsv, & E.
Detroit United Ry..ii
.
121,410 109,007
September
September
September
wk Oct.
4 th wk Oct
3d
Dulnth Street Ry..-.
Kast St. Louis & Sub. September
Elgin Aurora &, Son. September
10,415
46,289
23.156
86,696
17,054
131.478
38,886
730.268
682,391
77,747
73,602
9,719
43.159
853.071 330,231
172.188 164884
23,023
82.368 3,644,857 3.553,734
17,154
513,107 518,497
98,243 980,292 785,024
346,140
40,446
341,097
Wayne & W^abash
Valley Traction... July
September
Geary Street Ry
etc.
— ^Bal. of Net Earn'gs.—,
.
Current
Previous
Current
Previoua
Tear.
Tear.
Tear.
Tear.
Roads.
Oln. Newp.
July.
Tear.
Tea}'.
$
. ,
& Coving.
Light & Traction...
Oitlsens' Ry. & Light
^
Net Earnings.
Current
Previoua
$
Mlddlet'n & Gosh. Elec—
July 1 to Sept 30
Rome City St Rv. Co
July Ito Sept 30....
Syracuse Rapid Tr.Sept
Jtdy 1 to Sept 30....
Utloa A Mohawk Val. By.—
July 1 to Sept 30
981
830
2,715
20,337
60,791
1,765
20,329
60,883
44,635
41,049
2,541
*3,063
516
12,016
37,106
*388
11,784
34,251
*46,112
*51,333
*def.
Ft.
Havana
67,664 59,932
291,919
326,576
14,867
Eleo. Ry. Co. Wk.0ot.30 132,074 127,6481 1,397,416 ll,2i3".678
Honolulu Rapid
A Land Co
Houghton
Tr.
September
Co. St.
Ry August
September
Indlansp. AEast Ry. September
IlllnolB Traction Co.
26,741
18,810
82,496
21,693
24,867
20,870
76,161
20.316
242,949
129.322
700,976
160,770
201, -7 24
ville Rapid Tran..
Indlanapolii&North
western Traction..
Intemat'l Tract. Oo.
System (Buffalo)..
Ithaca Street Ry
A.ugust....
13,674
September
37,109
—
September 384,960 377,921 8.124,794 3,002.798
13,161 11,337
August..
23,828 21,789
JaoKBonvilie Elec.Co. &.ugust...
188,376
leo'.oVo
Ry.&
Lit.
July
365,379
Kansas City
2.324,333
Lake Shore Elec. Ry September 67,466 63,498 491.172 467.912
Lehigh Val. Trac. Oo.
66.150 54,633
August
Street Ry. Dep
409,173
428,515
99.7(52
12,981 11,932
Electric Light Dep. August .
106,550
2^2,972
Lexington Ry
September 36,436 31,784 249,817
LondonSt. Ry.(ORn.) September 20,250 19.5.36 137,108 132.516
'•7,889
Mad. (Wis.) Traction September
8,497
6,837
76.499
Met West Bide Elev.. October... 177,587 181,950 1,721,549 1,707,014
V
2,23.'),!=>97
Mil. Elec Ry.&LtCo September 279,85 271,515 2,364,794
MlLLtHeat&Tr.Co September 48,615 43,059 34H,461 321,437
Montreal Street Ry.. Angust
236,24& 211,816 1,639,427 1,468,347
Mnnoie Hartford A
Ft. Wayne
August... 17,647 14,01S
116,947
.
Mask. I'r.A Light Co
Street Ry. Depart.. September
Electric Light Dep. September
Qaa Department.
New London St. Ky.
.
September
August
8,039
3,017
4,376
12,753
Ry.&LtOo.
Railway
City Gas Co
Hor. Ohio Tr A Lt. Oo
Northern Texas Trac.
Northwestern Elev..
Orange Oo. Traction.
Peeks.I/t'gABR.Co.
Pottsv. Union Tract
Bys Co,Gen.— Roads
.
July
July
September
September
October...
September
September
September
September
Light Co's
September
Etoohester Railway .. September
Booh.ABaetRap.Ry. September
Rookford Belolt A
JanesvlUe
September
St Joseph (Mo.) Ry.
Lt.HeatAPow.Oo. September
St. Louis Transit
September
Sao Paolo (Brazil)
Tram. L't A Po. Oo. July
Savannah Elect. Go. August
Soranton Kallwav... September
Seaule Electric Co.
August
South Side Elevated. October
BprlngU'd A Xenla Tr Wk.Oot23
Byxaonse Rap.Tr.Ry. September
Tampa Electric Co... August
Terre Haute Elec. Co August
Tol.Bowl.Gr.A8o.Tr July
Toledo Rys. A Light. September
.
.
Toledo A Ind. Ry
Toledo A Western..
Toronto Railway
Twin Olty Rap. Tran.
United of Han Fran..
Wash. Alex. A Mt V.
Vonn cHtowTi Hharon
.
-
.
August.
Hepleuiber
Wk.Oot.2s<
3d wk Oct
.
September
September
September
8,303
2,880
4,018
10.798
72,216
24,827
32,956
73,107
26,812
33,097
74,237 71,428
872,925 343,040
9,446
78,916
7,742
90,708
80,785 84,014
666,301
663,714
335, '2P6
46,021 41,94'^
405,864
113,746 111,006 1,055,569 1,024,''23
12,402 11.687
»0,U24
8&,3S4
10,843 10.527
83,197
18,799 19,700
148.817
163,913
33,59i 29,164
241.450
258,867
2,229
17,214
1.906
18,168
122,211 107,937 1,106,910 946,411
20,998
12,378
ANNUAL REPORTS.
128,620
575,508
114,860
Indlanap.Jfe Martins-
Norfolk
After allowing for other income received.
11,826
98,238
101,667
69,816 49,90e
1051, 4sa 635.110 7,398,808 5,401,814
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Sections.
This index does not inclade reports in to-day's Chronicle.
PrtOC
RAILROADS, Etc.—
Railroads. Etc.—
Paoe.
f^hicaKO Burl & Quincy
1950, ]9rt4
New Yorit Susquehanna & West.. 19iJS
Chicago
&
Kastern
Illinois
Chic. K. I, & Pac. Railroad
Chtc. R. I & Pac. R)/.... 1700, 1716,
Cinciu. Ham. & Daytou
incln. N. U. & Texas Paclflc.
U
Spanish silver.
I These are resoita tor properties owned.
n These earnings Inolnie the Detroii United By.. Detroit A Port
Horon Shore Line and the Sandwich Windsor A Aniherstbiirg By.
Pacific Coast
1951
St.
1H52
1955
1919, i»5H
1952
'
Great Northern
Minneapolis & St. Louis
Buffalo
1954
Rock Island Company
Louis & S«n Francisco
it.5o
1951
Standard Millin,«
1954
Toledo & St. Louis Western
1858
United ^states Steel Corp. (9 mos.).1953
Western Maryland
& SnBqaehaunu
1953
Railroad.
(Report for the Fiscal Year ending June
30, 1904,J
On
pages 2091 to 2095 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 account, traffic statistics, etc. See also editorial, page 2060.
St atistica,— The comparative operations etc., follow:
1903-04.
Average miles operated.
173
1902-03.
173
1901-02.
do
do
1900-01.
173
165
237,466
3,82J,2.'>3
220,443
3,602.413
2-919 ots.
1,116,526
2-844 ots.
1,01H,804
Operalion$—
Pas. carried (revenue)...
298.563
27^,545
Pass'gers carried 1 mile. 4.827.rt29 4,320,656
Av. rate p. pass. p. mile.. 2-830 cts. 2-957 cts.
Freight (tons) car (rev.) 1,327,809 1,339,182
one mile 44,491,861 43,517,12G 37,767,996 32,273,964
Av. rate per ton per mile. 1-765 ots 1-896 ots.
Grose earnings per mile.
$5,580
$5,800
Earns p. frelgiit train m..
*2-20
$2-39
Earns, p. pass, train mile 62 84 ots. 58 01 cts.
Average train-load tons.
125
126
Earnings—
$
1-840 ots.
$4,844
*2-29
50-16 ots.
1-350 ots.
$4,3 S4
$2 13
43-65 Ota
785.166
136.609
40.922
$
824.929
127,770
48,053
S
694,757
111.559
29,432
597,100
102.471
22,395
962,696
1,000,752
835,748
721,966
160,028
111,911
111.287
109,134
Conducting transport'n.
General aud taxes
168,622
126,824
252,966
97,087
22l',269
18!i,039
84.084
69,018
97,627
79,668
174,281
68,875
Total
P. 0. of expen. to earnings
Net earnings
Add other Income
6H6,499
(6601)
327,197
173,894
(56-79)
(57 25)
(58-23)
432,460
100,335
857.269
37.672
301,565
6,427
801,091
532,795
394,941
307,998
Freight
Passenger
Mall, express, etc
106,000 100.587
49,93 i 50,766
365,040 340,472
77,54? 78.622
647,912 619.577
192,368 188.641 1,612,870 1,362,929
129,101 182,971 1,258.058 1,273,081
l.ObV
994
72,78(:
72,078
633,408 594,668
198,499
30,009 26.507
231.509
64,426 46,26P
368,494 296, 2
24,134 26,402
160.112
148.469
160.344 160,011 1,289,947 1,225,929
9.152
7.889
20,864
162.767
45.371 89,703 1.987,844 1,764,802
83,738 77,266 3.4,">2,898 3,2,^4,846
617,64V 611,196 4,917,010 4,680,.%76
22,350 21,321
182,642
173,574
37.194
340.099
1951
l«5l
Total
Expenses—
Malnt. of way, etc
Malnt. of equipment.
Total
Deduct
...
668,292
478,478
4'.20.4pi
-
Interest on bonds
167,384
Total
Surplus
468,858
47,238
147,908
148,662
69.732
Rentals and mlsoeU'oas
2
674
\,0ti3
24 712
Dividends on common... (5)175,900 (5)176.900 (6)175,900 (e>«)93.975
do
preferred... (4) 120.000 (4)50,988
t
-V.
79, p. 902, 732.
874,788
168,007
326,625
69,310
188.419
119.674
J
:
THE CHRONICLE.
2082
& Arkansas
Loalslana
Bangor & ArooBtook Railroad.
fReport for the Fiscal Year ending June 30,
Railway.
("Report for the Fiscal Year ending
June
30, 1904. J
President Bachanan'a remarks, also the
comparative tables of operations and income aoooant, and
the comparative balance sheet, are given on piges 2093 to
comparison of the operations, earnings, expenses
2098.
and charges for several years is as follows
OPERATIONS.
The
full text of
A
:
1903-04.
1901-02.
1902-03.
127
1*8
97
85,356
108,898
64,346
PasBengerB carried, number
2,220,813 1,668,048 1,066,502
Paesengers carried 1 mile
2*85 ots.
3"10 ots
Average rate per pftBsenner p. mile.. 3-93 ots.
13,117
10.995
16,029
Passengers I mile per mile of road..
909,fs02
740,569
782,811
Number of revenue tons carried
86.939,407 25,685,740 23,608,181
Revenue ions carried 1 mtie
1"83 cts.
1*33 ots.
1-70 ct8.
Average rate per ton per mile
201,980
243,388
243.550
Rev. tone oar. 1 mile p. mile of road.
164
159
205
Revenue train-load (tons)
EarnlngB per papsenger train mile .. 64'tt2cta. 76-26 eta. .^7 cts.
$3-48
$2-99
$291
EarnlBpa per freight train mile
$4,187
$4,933
$1,768
OrosB earnings per mile of road
Average mlleaKe
EABMINOS, EXPENSES AND CHARGES.
1903 04. 1902-03. 1901-02. 190001.
$613,214 $469,588 $482,416 $281,683
Freight.:.
33,467
65,403
47,547
22,774
Passenger
26,053
15,399
12,643
12,288
Mall, express and mlsoell ...
Earnings-
$704,670
Total earnings
$532,534
$316,746
$478,531
Expentet—
Malnt. or
way &
.
.
$487,795
Total expeneea
P.
0.
$117,139
64,879
155,395
207,959
27,446
30.994
6,849
9,491
$98,655 >
49,270$ $93,833
122,579
78,954
21,294
21,208
3,777
4,275
etraoturea. $136,062
103,289
Maintenance of equipment.
Conducting traneportatlon.
General
Taxes
of expenses to earnings
(fc9-
i2)
$371,708
$295,576
(69-80
(61-77)
$198,270
(61-96)
Net earilngs
Add other Income
$216,875 $160,826 $182,957
17,843
24,186
$118,475
Total Income
Deduct Interest
$241,061 $178,669
$70,027
$123,567
2,037
$182,957
$33,001
$118,476
$15,619
$70,027
$108,642
$33,021
$149,935
MleoellaneouB
$125,604
.$116,457
Surplus
-V.
&
$15,619
$102,857
2,400 tons, or 19-3 miles, of 80-
pound Bteel rail have been laid on main track. Five miles of road bed
have been ballasted -with gravel 76,542 oroBS-ties, or about 10 p. c,
have been laid. The new Farmersburg coal branch, 2*91 miles of
main track, has been completed, thus making total miles operated
164-46 miles. Amount expended for new equipment $489,070.
Statistics.—The yearly statements compare as follows:
;
OPERATIONS, KARNIN08, ETC
1902-03.
1903-04.
190102.
162
162
164
Total miles operated
190001.
162
Operations —
434,751
491,302
361,934
347,494
Pasoengers carried.
Pass carried 1 mile. 18,060,379 15,975,485 14,304,297 13,146,909
2-385
2-449
2-386
2
438
OtB.
Ota.
cts.
otB.
Rate per pass, per m.
2,086,859
1,810,425
1,7<'8,588
1,848,793
Freight (tons) oar'd*
Fr't(tons) oar. 1 m. 108,639,391 128,619,058 109,344,068 101,196,986
0-889 cts.
0-848 ots.
0-870 ts.
Rate per ton per m. 0-955 eta.
286
271
281
263
Av.ir.lod (rev.) tons
Pase. earnings (all)
$1-120
$1-118
$1-168
$1-105
per train mile
$2-488
$2-327
$2-505
$2-221
Fr't earns, p. tr'n. m.
$10,661
$10,490
$8,993
$8,628
.Qroas receipts p. m..
exol'd.
$
Passengera
Freight
MaU, express,
etc...
Orots earnings.
233.264
341.228
927,749
184.682
3 n,952
880,646
191,345
1,725.189
1.7^2,314
1,453,659
1.393,943
203,167
237,843
448,261
65,558
19«,787
233,311
392,742
70.518
138,603
189,976
358,591
62.014
164,244
210.550
367.077
50,482
949.829
749,184
792,303
430.915
1,037.113
257,161
389,489
1.099.561
Expenses—
Malnt. of way, &o..
Malnt. of eqnlpm't..
Conduct, tranapor'n.
General
Other Income
775,360
23,333
895.358
(5199)
826,956
36,325
Total
798,743
863.281
743,708
647,557
339.497
90,277
90,388
337,950
88,982
34,090
837,950
77,672
64.054
189,379
(5) 64,167
337.950
77,253
86,605
Total expenses..
P.O. of exp. to earns.
Net earnings
(55-06)
56-81)
(51-54))
704,475
39,233
601,640
45,917
Deduct—
Interest on debt
Rentals.taxea &mlB0.
Ev. &lnd. deflolt ...
Depleted equlpm't..
Div. on pref. stock..
Div. on com. stock..
(5)
Total dlsbu'm'ts.
SurpluB
64,167
584,329
214,414
(5)
64,167
525.189
333,092
Assets—
Cost of road
Equipment
Matermlsonhand
Cash on hand
Due fromagts
&o.
BlUsreceivaDle..
Advances
Bonds aad stocks
owned
1903.
t
8,568,821
3,27-5,485
2,y08.6'J'3
76,456
117,u51
72,765
67,867
41,670
103,832
67,867
40,12»
7u,ia5
84H.«c)6
Sia.O.S"
13.838,511
7», p. 1611, 1023.
1 2,281,117
Total
1904.
LiaMHtiet—
12,672
%
Cominoti stock ... 3,987,383
Preferred stock.. l,-.<83,333
KundeJ deut («eo
Ky. & IND. Sec). 6,627.000
Bondlntoreat
135,620
Unclaimed
Payrolls
div'd.
& voaoh.
.
Bills payaDio
Income account
Total...
64,167
69,794
625,769
21,788
80.
Equlpm't notes.
618.383
14U.126
Acots in saspense
-V.
1904.
f
8,823.336
(6)
(li«)
733,222
10,486
OENBBAL BALANCE SHEBT JQNE
locomotives,
was
for a uortion of the cost of strengthening the road
between Ashland Junction and Fish Kiver Junction, 45 miles; 19
mllea of new and five miles rela} Ing standard (70 lbs. per yard) steel
were laid, and the entire line was fully ballasted and otherwise improved. Approximately $10,000 waa paid for converting 200 flat
Into rough box cars. The outlay upon the ABhland branch, for fitting
the cars and analogoua expenditures were all debited to working expense or paid from surplus earnings. All locomotives and all cars in
use for commercial basiness are now equipped with air brakes and
automatic couplers to oomplv with Inter-btatel<tw reqairementB.
The total of new rails laid was 1,952 tons and of rails relaid 705 tons,
mainly In rebuilding the "Ashland branch;" 26, 33"^ feet of new sidings
were built at a cost of $19,851; 94,165 orusstles were used In renewals. Three small steel bridges were erected on stone foundations
to replace wo.iden bridges, and 34 wood culverts replaced in favor of
stone or cast iron pipe; semaphores erected at seven atationB, etc.
The quantity of ballast need waa 106,035 yarda and the cost of handling
u was
$35,333.
New
Lines.— A survey was made from ths Fish River Extension to
Van Buren Extension and two good routes found. The conelderation of building upon one of them la recommended In case a tratfio
the
sapoort It Is assured.
Daring the year that portion of the line ballt nnder charter to the
Fish River RR. Co., Ashland to Fort Kent, was acquired by this company and made a part of the Bangor &, Aroostook.
Tlie analysis of the freigtit traffic for the late year, given
in pounds, shows that of the total of 2,030 336 488 pounds
carried, potatoes contributed 836,419,523 pounds, against
197,967,464 in 1902-03; forest products, 828.490,483 pounds,
against 760,323,893 pounds; coal, 222,284,271, against 134,929,540 pounds.
sntficlent to
Statistics.— The
earnings,
expenses, charges, etc., have
OPERATIONS, EARNINGS, EXPENSES AND CHARGES.
1903-04.
Operations-
1902-03.
4«1,310
518,478
do
do
Imlle
20,082,736 18,471,087
2-50 era.
Ratep. passenger p. mile. 2-45 cts.
Rev. freight' (tons) carr'd. 1,097.948
946,806
do
do car'd 1 mile.99,944,378 85,698,029
Rateper ton per mile.... 1-364 ots. 1-351 cts.
Earnings—
President A. J. Davidson says in part
The total gross receipts for the year are the largest in the history of
the road. The reconstruction of the main line at Cypress Station,
eliminating Bald Hill curve, has not yet been completed. The bonded
•Comp'y freight
Earnings—
says in sabstance:
Improvements. £te.— There waa appropriated from the year's Improvement fund, and from surplus earnlnvB, not included In operating
expenseB, for equipment, $56 077; for addlttons and lmprovement« to
roadway and structures, $119,7t;2; total, $175,840, These expenditures were made Willi proceeds froru sales of 4 p c. bonds, $J6, 340,
and from surplus iunome, $79, .^00. The largest item, aside from three
3,356
140,418
231,094
200,0(i0
..
627,311
.13,838,541
$
493.634
Passengers
Freight
Year ending June 30, 1904. J
debt has been Increased $54y,000.
1904.
W, Cram
Pass, carried (revenue)..
Terre Haute Railroad.
/"Report for the Fiscal
President Franklin
been as follows:
79, p. 731.
Eransville
[VCL. LXXIX.
1003.
«
8.987.- '8.'1
1,282,117
6.078,000
13J.903
«.528
133,141
200,000
41-^,745
12,231,117
1,363,435
Mall, express, oar service, rents, etc
1900-01
421,763
848,558
16,738,83114,492.762
1901-02.
2-48 cts.
2-1 8 cts.
925,611
814,797
84,838,878 74,646,024
1-362 cts. 1-818 cts.
$
$
$
415.218
462.732
359,467
1.158,399 1,149,008
984,023
179.037
144,711
105,965
Total gross earnings. 2,015,366
Oper. expen. and taxes—
Maint. of way & struota.
316,886
Malnt. of equipment
159,362
'Conducting tranaporfn.
693,109
General expenses
89,586
Taxea
7.198
1.800,168
1,708,937
1.449,455
343,699
139,585
576.698
70,677
5,558
378,307
119,847
533, 00
70,531
5,279
285,379
98,529
455.873
68,640
4,939
1,866,140
749.216
1,136,117
1,107,164
664.051
601,778
514.885
87,987
79,500
482.515
33,161
67,063
414,891
13,909
118,741
404,930
Miscellaneous
Betterments
Total
Surplus for year
632,372
116,844
572,739
91,312
847,641
6i,232
486,488
49,608
Total
Net earnings
Fixed charges—
Int. on bds. & oar
trasts.
158,387
CONDENSED GENERAL BALANCE SHEET JUNE
1904.
1903.
Assets$
t
8,878,446 8.828,146
Coat • f road, etc.
Fish River RR.... 1,776.000
2,53S,!J83 8.482,906
Equip, account
Cash
35«,660
20 ,337
8»4,811
415,477
Mat'l, sup. & store.
54,191
74,2''l
Comp's * tndlvid's.
S2,0tt.S
Net traffic balance
47,198
35,0«7
26 682
Due from agents..
84,565
Suspense accounts
9 9''8
17,898
17,899
Aroos. No.com.stk.
54,^56
41,807
Real estate
.
Total
—v.
14161 ,835 12,204,978
Liabilities—
913,359
633,096
1.558
80,000
30,
1904.
1908.
t
$
238,165
181,431
218,760
110.868
82.098
185,428
186.843
Common stock
1,650,000 l,i,060,OCO
Bonds & car trasts
(See HAILWAY&
Indus. Section).ll,887.000 10,487,000
Interest & rentals
accrued
Pay-rolls
MUcellaneous
Bills
.
-.iS.vJSO
.
266, 186
payable
Profit
and
Total
loss
85,801
...
14,161,836 18.204,978
79, p. 1964, 1704.
Mobile & Ohio Railroad.
(Report for the Fiscal Year ending June
President Simnel Spencer says in part:
30, 1904, J
£:quifment obligations —The Increase of $836,463 in equipment
obligations consists of lease warrants, Series "O" (V. 78, p. 1892),
Issued In payment for 22 lucomoiives and 1.900 freight oars, $1,250,000; lesa oar trust obligations paid during year. $ili,^3'; $^36,463.
Rebbrvb Accodntb.— Renewal of equipment acc3ant has been
charged with $69,467, cost of seven way-oars and 100 gondolas constructed at the company's shops; $15,617, part cost of three dining
oars, and $218,293, partial payments on account of 25v) steel oars purchased prior to July 1, 1903, 2z loooiuotives delivered during current
year, and 850 gondolas, 900 box oars and 150 stock cars now In
process of delivery. Eight new locomotives were purchased and paid
for oat of sinking funds created nnder the term^ and conditions of
equipment agreements. Series "A" and "B," dated respectively May 1,
1899, and Oct, 1, 1899. Rinewal-of rsiU account has been charged
with the net cost of 14,175 tons of new 78-lb steel rail placed In
iraok. Renewal of bridges account haa been charged with the cost of
piers and abutments for 5 new steel bridges now on hand and In
process of ereciion.
Train Load.— The decrease In the average hanl of all freight moved
(from 268 to 238 miles), brouglit about by changed conditions affect
Ing the freight traitio. reduced the average distance at which trains
were loaded to their maximum capacity, and as a resnlt correspondingly reduced the average number of tons per freight train mile from
3iS3 to 271 tons, or 1624 p. o. There was no reduction In the maximum load of trains for the shorter distances.
Maintenance.— The expenses of maintenance of way and structures
per mile of road for the year were $1,319, as compared with $1,299
for the year preceding. The number of cross-ties placed Hi the track
was 405,836, as compared with 531,554 for the year previous. The
rail renewals include 14,175 tons of new 75-lb. sieel rail, or about 120
mllea. During the past three years 336 miles of new 70-lb. and 75-lb.
rail have been put In the track, replacing 56-lb. and 60-lb. rail.
.
.
Nov.
:
THr: CHRONICLE.
5, ]90-^.]
The rail In traotc on main line and branches on Jane 30, 1904, and
the average amounts expended and charged lo maintenance of equip
ment for repairs and replacement of rolling stock during the years
1903-04 and 1902-03 compare as followe:
Repairs per
-Rails (miles)
Loco'iive. Pass. ear. Fr'ht ear,
75 lb. 70-lb. 60-lb. 66-ib. For.
—
,
.
$582
$1.6«7
$19
1P04..256
243
357
44
12
710
2,001
66
Not reported.
1903
afleoted
by
delivery
of
The arerage cost of locomotive repairs was
22 new locomotives at oloae of year. The heavy repairs to passenger
and freight oars daring prevloas year resulted from the cost of equipping the former with steeUtlred wheels, and the latter with air brakes,
which explains decrease in average cost of repairs as compared with
.
that period.
Warbior 80UTHBBH Rt.—The
line of
this
railway. 15 miles
in
was completed during the year from Searcy, Ala., to Kellerman, Ala., at which point is located a coal mine with capacity of
length,
1,600 tons dally, of the best quality of coking coal. There has also
been located upon this line large chemical works. The Mobile & Ohio
RR. owns the entire capital stock of the Warrior Southern By. Co , as
well as the total Issue of Its bonds.
Earnings.—The
and the
results for the four years past
ba'ance sheets follow:
OPBBATION8, EABNIN08 AUD CHAROES.
190102.
1900-01.
1903-04.
190203.
874
874
874
912
Total miles operated
Operations—
979,233
889.828
899,200
1,114,681
Passengers carried.
Pas?, carried 1 mile 43,630.668 37,709,433 34,932,951 37.336,186
3,635,307
3,135,099
3,036,374
Revenue t( ns moved 3,805,903
Tons moved 1 mile.. 905,460,039 976,656,549 826,752,555 792,823,887
281
323
350
270
Av.iev.tr. load (tont)
ip
Earnings—
$
$
Freight
Passengers...
Mall, express,
Miscellaneous
etc...
>
5,^05,297
991,306
oyiqin->5
»"'»"^^
6,686,857
840,112
245,586
714,425
4,932,837
760,169
223,620
592,862
4,619,204
7,739,706
7,486,981
6,609,488
6,189,912
1,203,483
1,135,979
955,071
2,731,833
871,855
726,072
2,508,742
217,883
164,634
805,950
630,597
2,619,386
230,572
146,346
4,332,851
\
Gross earnings..
749,780
217,841
553,087
Expenses—
Malnt. of way, etc..
Malnt. of equipment
Oondnot. transpor'n
818,320
2,968,622
247,2:0
172,210
General
Taxes
230,069
168,219
5,399,910
5,211,172
(69-77)
(69-58)
2,339,796
123,030
2,275.809
102,181
4,489.186
(6896)
2,020.302
110,365
Total net Income
2,462,826
2,377,940
2,130,667
1,922,012
Disbursemints
on funded debt.
Rentals
Int. on car trust,eto.
Dividend, 2 per cent
1,168,880
371,197
187,511
121,413
1,158,880
359,566
112,217
107,412
1,158,880
816,636
114,691
1,158,880
295,616
100,815
1,799,000
663,836
1.788.076
639.866
1,589,107
1,565,310
541,660
366,702
451,799
334.650
417,610
389.416
212,027 Bur.305,215 Bar.124.050
def.22,714
Total
Per ct.exp. to earns.
Net earnings
Other income
—
Int.
Tot. dlsburse'ts.
Balance
Frln'p'l of oar trusts
paid, new equip.
add's to property.
(70-57)
1,807,081
114,951
A
Balance.
sor.
OBNEBAL BALANCE BHBBT JUNE
1904.
1903.
Auett—
t
Cost of road and
eqalpment
27. 917,076 87.807,815
Tmst equipment.
St'kB & b'da owned
3..379.647
2,543,1 H4
,513,869
3,048,959
2,107.965
159,900
do do in trust. 2 ,16':,065
Lands, etc
151,615
Cash (inc. on dep.
for coupons, &c.)
360,269
Due from
176,660
rallr'ds,
aeents, Ind
,
Ac.
8t.LAC.REt. and
miecell. "-cco'nti 1 676.4'*5
Material, fuel, do.
480.6b9
Total
-V. 79,
80.
1.68(,584
476,704
38,647,485 88,060,763
1904.
LiabiliUes$
6,070,flOO
Stock Issued
Stock in treasury.. 1,669,400
1903.
t
5,370.600
2,369,400
(see Ry. Jk
IND. Section).
24,174,800 24,179,100
Car trusts
3,879,647 2,543,184
Pay-rolls. Touch's
& miscell. aoctl. 1,378.990 1.494,656
Bills payable
377.833
726.000
47,636
43,U46
Int. due & unpaid.
Interest accrued,
not due
285,378
289,054
Prof. &j Gen. acc'tl,061,e76
760,«11
loss. ( Int. acc't.
212,027
805,214
Bonds
Total
38.647,486 38,060,763
p. 1023.
2083
owned and held in It" treasury, $190,000 having heretofore been redeemed and canceled through the sinking fund. la addition this
year $i6. 000 of underlying mortKage d^bt was paid off, which extinguishes th<) nnderiyiog mortgage liability, so that the mortgage
bonds now outstanding are a drst lien upon all the company's real
estate. During the year plants and good will account was Increased
by the expenditure of $102,891 for new construction and reduced
$86,494 by sales of real estate and proceeds of fire Insurance. Of the
fund of $1B4,287 reserved out of profits for depreciation, bad and
doubtful account?, by far the greater part Is still allowed for wear and
deterioration of plants after all losses anticipated from bad acooants
have been written ofl. As the company has daring the past three years
expended In excess of $2fi0,000 for repn irs, a large part of which was
in fact betterments, charging the same off against operating expenses,
this sum Ih deemed ample.
Working Capital.—The company begins Its present fiscal year with
$5.726,90i net working capital, viz.
Cash on deposit, $2,302, 701;
:
treasury bonds (purohaoed), $885,000; mortgages on real estat e,
$105,000; securities of other companies, $18,175; accounts and bills
receivable, $1,478,864; Inventories. $1,489,089; total foregoing assets,
85,778,829. Deduct liaOilities other than f anded debt, $51,927 ($90,547 less insurance and taxes aQtlolpa'ed $38,619). Net working
capital, $5,726,90:^. The Inventories of barley and malt have been
taken at a figure under cost and all the malt and barley on a malt
basis Is actually soil for future delivery In excess of the price inventoried.
Other Income, Etc.— During the year the company derived $27.61^
cash, other than fr«m earnings, as follows Additional proceeds of insurance on Kraus Merbel plant, $9,199; proceeds of sale of properiies
no longer requlrel, $16,129; interest accrued on sinking fucd. $2,295.
The above amounts, together with $10,000 of the company's funds,
were passed to the trnstees of the sinking fund.
Certiflcaies for 1,000 shares of common stock originally issued to
Keidllnger & Sons in payment of plants, but never sold, have been returned to the company and the par value (at which they were originally Issued) oreaited to plants and good-wUl account as shown on the
accompanvlnir balance sheet,
OcTLOOK The conditions prevailing during the past year have
been singularly adverse to the profitable conductor the company's
Aside from the interference with its business caused by the
affairs.
contest at the time of the l»st annual meeting, the crop of bariey was
of exceptionally poor quality so that the '"Increase," ordinarily one of
the eources of profit In the manufacture of malt, was practically nil.
Added to this the extremely cold winter and the prevalence of strikes
reduced very largely the consumption of malt by the brewers. In
thepe respects the outlook for the coming year is much better.
with the deficit now reduced to a flKure below the amount reserved
out of earnings for depreciation, etc., and with a working capital over
$5,700,000, which is ample for the company's reqnlrtments, the time
is approaching when the earnings mljiht properly be distributed
among the shareholders provided the capitalization be reduced to conform to the property and earning capacity. We therefore stronglyreoommend to the stockholders that this matter be taken up immediately after the pending litigation Is disposed of.
:
—
The income account and balance
sheet follow:
BE8ULTS FOB TBAB8 ENDED ADO. 31.
1903 04. 1902-03. 1901-02. 1900 01.
Profit on malt, barley and other
$
$
$
$
products mannt'd and dealt in,
over and above all oper. exp.—
inolnd. Int. on securities owned,
loans and balances
498,360 886,668 751,470 721,977
Deduet-lnt. on nnderly. mtges..
8.043
2,701
14,675
17,727
217,521 232,339 229,020 240,000
Interest on mortgage bonds
Taxes
61.667
67,518
81,506
80,989
Depreciation and
bad and
doubtful aooonnts
Betterments and maintenance.
Total dednctlonB
NetBurploe
18,471
81,495
63,301
104,875
102,516
331,845 476,077
116,615 410,491
427,716
323,754
CONDGH8ED BALANCE BHBBT ADO.
1904.
%
will. 26,898.489
Common stock.... 100,000
18.176
Secur's other co.'s
Cash
2,302,701
Acct8,& bills rec. 1,478,864
Taxes & Insur'e.
S'^.619
Inventories
.. 1,499,<90
Bonds purch'ed.. 885.000
47.V80
Sinking fund
M'lKesonreal est. 105,000
ProQt & loss, def .
161,007
Auets—
Pl'ts & good
.
1003.
%
26 982.042
18,175
8.099,116
1.705.292
43.964
l,f 67.108
15if,000
338,716
883,261
31.
1004.
Liabilities—
$
Capital stock, pf. .14.440.000
do
do com.. 14. 600,000
First M. bds.6 p.c. 3,810,000
Underlying mtgs
Accounts payable
Accrued taxes ..
Ace d Int. on bda.
Reserve funds
2.01S
31,.380
B7.150
l&4,!t87
190S.
$
14,440,000
14,500.000
8,810.000
6«,0(0
7.952
85,884
67.t60
177,647
93.'<fi«
46,000
278,181
Pftoiflc Coast Company.
Total
.33,024,884 33,084,638
Total
38,024,884 88,C84,533
^Report for the fiscal year ending June 30, 1904.)
-V. 78. p. 1825.
Extracts from the report of H. W. Cannon, President, and
Edison Electric Illnminatlngr Co. of Boston.
J. C. Ford, Vice-President and General Manager, will be
found on page 2098 of to-day'a Chronicle. The comparative
(Report for the Maeal Year ending June SO, 1904 J
tables of earnings and balance sheet were given last week on
President Charles L. Edgar says in substance:
page 1954.
Qenebal Rbbdlts.— Of the Increase shown In the connected load
for the fiscal year )uit closed. 72.745 incvndescent lamps, 760 arc
Pallman (Palaoe Car) Co.
lamps and 218 horse power of motors were added In the purchase of
(Balance Sheet of Augtiat SI, 1904.)
the Milton Light A Power Co.. the Dedham Electric Co.. the Blue Hill
This Illinois corporation has filed with the Massachusetts Electric Co., the Framlngham Eleetrle O)., the Natick Oas <fe El. Co.,
the Oreendale Chemical <b El. Light Co. and the Bomervllle Eleo. Light
.,
State authorities the following balance sheets of
1904 and 1903:
BALANCa SHEET OF ADODST 31.
1('04.
AtutSReal
est.
A
1903.
%
%
mach.. 8,932,778 8,710,768
Cars, stock In process, etc
62,017,464 60,i<39,80"
Casii & debts rec'e.£4,04S.149 21,75t',589
Patent rishts
116,279
lie,2.su
Good- will
11,122,112 11, 121,7'; 7
Total
86,886,776 92,642,190
Compare annual report
Habmties-
Aug.
31,
1904.
1003.
%
t
Capital stock
74,000.000 74.000.0i
Accounts payable. 3,492,453 .s,»<80,W43
Surplus
Profll
and
18.017,374 14,975,74»
726,949
485,498
loss
Co. The remainder. 61,394 Incandescent lamps, 402 arc lamps, and
3,131 horse-power of motors, is the Increase In new business.
The results obtained by the purchase of the suburban companies,
referred to in last year's report, as well as the growth of the combined companies during the past year, have been satisfactory, aB Is
shown by the txble of operailons.
Additions— During the year th« property of the SomervlUe Electric Light Co. has been pnrchaaed, and a contract has been entered
into with the Chelsea Gas Light Co. tor supplying that company with
all Its electricity until the final pnrcliase of its electric properly Is
Watertown Gas Light Co.
consummated. The status of the Newton
and the Woburn Light Heat A Power Co. ban not changed.
The new turbine power station, which has been bnilding during the
past two years. Is practically completed, and two 6.600 H P. unit*
havebeen InsialUd. Property has been leased at No. 40 Bummer 8t.
and at No. 56 Chatham St. for additional sub stations, and a storage
battery is low being installed in the latter place. The old generating
stations In Canton, Milton and Needham have been discontinued, and
the Dedham Btalion turned imo a substation. It 1p propohcd to dlsoontii.ue ilie generating station in Framlngham and to change the
Natick station into a substation as socn as the transmission lines are
completed The SomervlUe station will be nsed for some time.
During the year the Kast Bosi on ottioe and tiie Dorchester and Milton cilices have been closed and a nt w tllloe openeo in Bomervllle.
New 8ToCK.--In December, 190H, a lo p. c. increase in the capital
stock, amounting to 9.600 shares, was offered to stoohholders at $200
per ^hare, and, with the exception of 46 shares, was all taken. The
certltioates were issued on May a, 1904.
Notes have been iisned from time to time as payments on the new
station became due, and the »hareholders will probably be called together seme time daring the coming winter to authorize the lisne of
<fii
Total;. .
..66,S36,;76 92,642,190
in V. 79, p. 1702.
American Malting Company.
(Report for the Fiscal Year ending Aug, SI, 1904. J
The report, f igned by Messrs. Frederick Uhlmann, Chairman of Board; Robert M. Gailaway, Chairman of Finance
Committee, and Louis L, Stanton, Treasurer, says in part
QK5ERAL HBSCLTi,—The net surplus for the year, $116,516, has
been credited to proflt and loss acooont, reducing the deflclt to $161,6b6Ironn $278,181 as of Aug. :n, 190J, and «l, 389,839 as of Dec. 31,
1899, when the present manaKenoent assumed control.
DnrloK the year »83,SJ94 was wiilidrawn from the eiinkinK fnnd and
used In partly rebuildlnK the KrauH-Merhel plant In Milwaukee. Of
the nrst mortgage bondM outstandiDg the company made further purooases of 233 bonds during the year and now has $385,000 par value
:
:
THE CHRONICLE.
2084
another 10 p. o of capital stock, authority to iRsne this amount haying
already been granted by the Gas <fe Eleotrle Light OommUslon.
Bu8iHESB.-The nnmber of lamps oonneoted to the oompany's olroults, compared with the previous four years, Is shown In the followIng table:
Incan.
Arc
Motors
Itican.
Arc
Motors
June 30— tamps, lamps. {II. I'.) June SO— lamps. lamps. UI. r.)
1904
627.441 9,3ft8 24,150 1901
247,935 2,5uS 10, 'JM
1903
493,402 8,196 20,801 1900
211,471 2,131
9,428
1902
44U,U34 8,548 19.130 1899
183,165 1,791
7,504
The operations for the laat four fiscal years follow:
190304.
9
1902-03.
1901-02.
190001.
Expanses
3,125,517
2,009,691
2,667,809
1,683.086
2,460.158
1,510,427
2,367,350
l,4i9,629
Net earnings
Mlsoellaneous profits
1,115,826
3 7,896
984,723
32,502
949,731
25,981
917,730
1,168,222
102,408
(10%)973,406
1.017.226
151.303
(10)804,667
975,712
132,299
727,346
931,678
105,130
774.165
1,075,813
77,409
955.970
61,255
859,614
116,098
879,285
52,393
Tear ending June
Gross earnings
30—
Net earnings
Interest
Dividends
Undl vlded
profits
9
BALANCE SHEET JDNB
Asutt—
Installation
1904.
I
and
1908.
$
I
I
property
14.763,432 12,985.006
Unflnlshed lostal-
I
I
latlon
Cash lu banks
Cash at office
1,487,715
130,839
4,700
Stock on hand ....
409,343
Notes receivable.. 1.116,601
Accounts receivable
Sundry
303,189
103,876
3,000
887,167
2,282.138
232,611
78,180
196.711
I
open ac-
counts
-V.
1«,631,430 16,423,127
79, p, 1643 215.
1903.
$
C
I,158,n00
59,500
H4,512
Dividends
261,112
Reserve for maint. 809,931
Replacement acct
4,645
Profit and loss
52,175
Coupon notes
Accr'dlnt. Ataies
2,908,000
..
'
Total
.
62,250
215.887
7B8,7M6
lt*,890
.
;
Total
1904.
lAabilUits—
Capital stock
10.444.500 8,«35,fl00
2wo,5f)0
First mtse. bonds.
2-t8.000
Consol. bonds
1,091,600
95'. 000
Premium on stock 4,261 250 2,460,246
Inst al's new stock.
23,01)0
Accounts payable.
15«,808
62,788
Notes payable
I
810,867
30.
I
I
18,948
40,632
18,631,430 16.423,427
Torrington Company.
("Report for the Fiscal Year ending Sept. 1, 1904
The report, signed by President Henry H. Skinner and issned some time
since, says: Thebaslnese shows very little change from the preceding
year, which we think is very satisfactory considering the condition of
general business. The Domestic Sewing Machine Co. (V. 76, p. 385)
has been acquired by your company and Is now being put Into condition to become an additional source of income."
The following is the Income acooant for the years ending Sept. 1
1903-04.
1902-03.
190102.
Cash and cash assets beginning of year.$245,751 $231,784 $182,801
-
J
Receipts
Dividend ExoelPior Needle Oo
$140,000 $125,000 $140 000
Rentals Excelsior Needle Co
110,000
110,000
110,000
Dividends and miscellaneous income... 39,307
64,061
39,218
Stock of other companies sold
10,437
65,245
Total receipts
Payments—
Dividends and
Interest; on bonds
and directors' fees
Sundry payments
Stookof other companies purchased
Salaries
New
$835,058
$541,282
$547,264
$280,000 $273,334
$280,000
6,338
2,109
15.000
6900
6,759
2,685
12,753
1,740
buildings
Total payments
Cash and cash assets end of year
-V. 73, p. 1206.
26 840
$303,947 $295,631 $315,480
$231,111 $245,751 $231,784
GENERAL INVESTMENT NEWS.
A
RAILROADS, INCLUDING STREET ROADS.
& St. Louis Traction Co.— New Mortgage.—
Alton Granite
first consolidated mortgage has been male to the Illinois
State Trust Co. of Eist 8r. Louis, as trustee, to secure
13,000,000 of 5 p. c. gold bonds of $1,000 each, of which J350,000 are^now outstanding.
These bonds are dated Aug. 1, 1904. and are due Aug. 1, 1944, but
are subject to call for payment as an entire issue on any interest day
at 110 on ninety days' notice. The interest is payable Feb. 1 and Aug
1 at the oflHoe of the trustee in East St. Louis, and at the Morton Trust
Co. in New York. Of the new issue, $500,000 bonds are reserved for
prior liens at or before their maturity and an additional $500,000 are
to be exchanged immediately for underlying bonds. The company has
25 miles of road under construction and Its new mortgage covers 50
miles, all except 12 miles in Alton as a first lien. Compare full state-
ment as to organization, etc.. in Stbebt Railway Section, p. 1502.
and Chronicle of Oct. 16, p. 1640.
Atlantic Coagt Line RB..—New Ally.—See Macon Dublin
& Savannah RR.
below.— V. 79, p. 785, 733.
Baltimore & Obia RR.— Rental for Terminals.-See Chicago Terminal Transfer RR. below.— V. 79, p. 268, 266.
Boston Elevated Rj.— Washington Street Subteay.— The
Boston Transit Commission on Oct. 28 received bids, ranging from $172,863 down to $82,858, for the first section of the
Washington Street tunnel, running between Bennett and
Kneeland streets.— V. 78, p. 100.
Boston A Worcester St. Ry.—New Securities.— The Massachusetts Railroad Commission has authorized the issue of
$160,000 additional stock, making the outstanding stock $1,725,000. The company also asked permission to issue $160,000
4>£ p. c. 20-year bonds.
Report.— The report for the year ending Sept. 30, 1904,
shows: Gross earnings, $400,022; net earnings, $179,490;
charges, $88,193; dividend (3 p. c) paid July 1, $46,944; balance, surplus, $44,354.
Total surplus to Sept.
30, 1904.'
^
'
$57,191.-V. 79, p. 902.
Broadway & Newport Bridge Co.— Listed in Cleveland.—
The Cleveland Stock Exchange has listed this company's
outstanding capital stock as $335,000 common and $400,000 5
p. c. non-oumulative preferred.
Also $800,000
p. c. bonds in denominations of $1,000, $500
of 30-year 5
$100, of
and
'
which $700,000 are ouistandiog.
Vol. lixix.
See f artber pirtlcalara in
V. 79, p. 268.
Brooklya Rapid Transit Co.—Improvementa of Past Two
Fear*.— On Tuesday the company finally began operating all
of its elevated trains with electricity.
President Winter in a letter addressed to the BrookIvn Leggne, in reply to inquiries, states that the Brooklyn
Heights RR. Co. has now complied with all the recommendations of the State Railroad Commission of Jan. 23, 1903.
He adds in part
The nlie nnit« of electric power which were in process of construction in January. 1903, are completed and in operation, and the capacity of some of the other power houses has been increased. Although
the capacity of many of our cars Is much larger than in that year,
the car mileage for six months ending Sept. 80, 1901, Is 2,990 358
greater than in the corresponding period of 1902, with no practical increase of track mileage.
The work of constructing electric conduits in which are installed hightension current feeder lines is steadily progressing; over $1,019,000
has been expended and the work will be pushed forward as rapidly as
practicable. Our new power house adjoining the Eastern District
station on Kent Ave. has the foundation well advanced. This house
will have an ultimate capacity of 100,000 H. P. The first installation
will consist of two turbo-units of 5,560 K. W., or about 8,000
P
^ch, and are expected to be available for winter service of 1905*
Within this period 220 new elevated oars have been purchased, the last
100 of which are rapidly going into service; 254 of the old elevated
care have been entirely rebuilt with the best appliances for electric
operation. All at a cost of over $4,OOJ,000.
H
Offlce
Building.—Work recently began on the company's
new lOetory office building at the northeast corner df Clinton
and Remsen streets, Brooklyn.
Williamaburg Bridge.— The cars of the company's N ostrand,
Raid, Broadway, Hamburg, Grand, Bushwick, and Marcy
avenue lines began to cross the Williamsburgh bridge to
Manhattan Thursday morning, as also did the Franklin avenue cars of the Coney Island & Brooklyn RR.
Co.
The shuttle cars, which are operated by the Bridge Operating
Co., started using the structure yesterday.
An iDjanction obtained by the taxpayers' association on Oct. 28 to
prevent the operation of cars on the bridge pending a decision of the
duties of the companies in the matter of fares and transfers was dissolved by Justice Smith in the Supreme Court, Brooklyn, on Nov. 2,
on the understanding that the case shall now be brought up for trial on
its merits before Justice Maddox on Nov. 14.— V.
79, p. 967, 789.
Buffalo Rochester & Fittgbargh Rj.— Quarterly.— The
earnings for the three months ending Sept. 30 were
:
3 mos. ending
Gross
earnings,
Net
earnings,
Other
income,
tcuees, etc.
Balance,
surplus.
$2,119,489
2,160,877
$881,405
$3,556
16,124
$422,937
407,843
$162,023
613,793
Sept. 30.
1904
1P03
-V.
1,035,518
Interest,
79, p. 1701, 684, 678.
Camden & Trenton (Electric) Rj.— Earning a of New YorkPhiladelphia iine.— We have received the following statement indicating the rapidly increasing traffi 3 over the New
York & Philadelphia Electric Railway line since June 1 this
year (when the through line was completed) as compared
with the same period last year:
Gross receio^g 1904—
June.
July.
Aug.
Sept.
i mos
& Trenton Ry.... $13,762
Increase over 1903
84 p. c.
New Bruns'k. $6,288
Increase over 1903
llSp.c,
Camden
Trenton
The
&
$17,536 $l5,t>89 $147248
lOSp.o. 71 p o. «5 p.c.
$11,469 $12,703 $11,854
lOOp.o. lOlp.o. 75 p.c.
$61,223
82 p c
$42T314
97p.o.
reported, will earn a considerable amount
over the interest on its bonds. Tne New Jersey
Short Line, between Metochen and Elizabeth, shortening the
distance between New York and Philadelphia by over an
hour, is expected to be completed before the close of next
summer.— V. 77, p. 1224.
Canadian Pacific Ry.— Leased Line Bonda.—Sde Lindsay
Bobcaygeon & Pontypool Ry. below.—V. 79, p. 1641, 1836.
Chicago Consolidated Traction Co.— Interest Payments.
*
line, it is
this year
—Y.
72, p. 775.
Chicago General Rj.— New Offer for Somfe.— William C.
Wood, who controls the franchise for the projected Southern
(Electric) Ry. on the South Side, has offered for the Chicago
General bonds 10 p. c. in cash or 15 p. o. in bonds of the Southern Co., and for the West & South Town bonds 50 p. c. in cash
or 85 p. c. in the Southern bonds. The two committees which
represent about 85 p. c. of the outstanding bonds approve
the acceptance of this offer. There are $150,000 receivers'
certificates outstanding, which with other expenses would
bring up the total cost of the property to Mr. Wood to about
$650,000.— V.
78, p. 2388.
& Eastern Rj.— Receiver's UertifieatesInterest Payment.— Judge E'rancis E. Baker of the United
States Circuit Court at lodianapolis on Oct. 2U authorized
Receiver Bartlett to issue $30,00 J receiver's certificates of
$500 each, due in six months, to provide for the payment of
the eemi-annual interest due Nov. 1, 1904, on the $500,000 Ist
mortKage 6 p. c. bonds and for refunding existing receiver's
certificates.— V. 79, p. 1265, 1022,
Chicago Indiana
Chicago Terminal Transfer RR.— Rental Receivable.—
The recent statement to the Stock Exchange gives the following facts regarding the minimum rentals receivable by
the company under the contra cts with its tenants:
Tenants.
Per annum,
Baltimore & Ohio RR —
1st 10 years from April
1, 1908
$160,000
2d 10 years
1«^5,000
3d 10 years'.
170,0 JO
4th 10 years
175,000
Thereafter until expiration of lease
180,000
Chicago Gc. Western
226,500
Total annual rentals at present
Tenants.
Per
Chicago Junction (var.
wheelage bases)
Pere Marquette HR.—
1st 2 years from Deo.
15, 190i
Next 3 years
Next5yeara
Next 5 years
Remainder
annum.
$33,000
94,000
109,000
134,000
144,000
164,000
$613,600
Nov.
5,
2085
THE CHRONICLE.
1904.]
E. (ioodhart
Executive Committee.-W W. Heaton and A.
succeeding
Commvttee,
Executive
the
to
have been elected
The other memCharles W. Gould and Otto T. Bannard.
R. Ickelheimer and
bers are: H. W. De Forest, Henry
Myles Tierney— V. 79, p. 1955, 1641.
Income ApChfcairo Uaion Traction Co.— Percentage of
.
(Georgia Florida & Alabama Ry.—New Mortgage,— The
filed a new mortgage for $1,COO,000 to the Manhattan Trust Co. of New York, as trustee, to provide for extensions and the immediate refunding of the $550,000 fives of
1901. Compare page 1795 of Railway & Industrial Section.
company has
— V. 79, p.
151.
Great Northern Ky. of Canada.— PZan.- While not forChicago on
plicable to Improvementa.-Jndge Grosscup at
adopted, the plan of reorganization provides for an
mally
report of a firm of
Oct. 24 entered an order, based on the
$4,660,000 of new first mortgage four per cent bonds,
of
issue
the date of
expert accountant?, that, beginning Sept. 1, 1903,
guaranteed unconditionally as to principal and interest by
North
the
of
earnings
gross
the
of
the modified leaee, 22 p. c.
Northern, and applicable as follows
of the West the Canadian
Chicago road and 24 p. c. of the gross earnings
partial consideration for $4,660,000 existing 5 per cents
As
and
maintenance
for
$3,495,00»
Chicaloroad might be appropriated
by the ''Chicago Toatbe75need to pay off floating debt (about $500,000), equipdepreciation. This order, which is described
1,165,000
casli
of the
ment bonds, etc., and to provide
Inter-Ocean" as "tentative in character," grew out
its
and
Co.
existing
iraetion
bonds
of
the
5
Union
mortgage
c.
first
p.
Chicago
each
$1,000
the
For
dispute between
of the gross earnings ifsae ($4,660,000) will be given $750 in the new 4 per cents
lessor companies as to how much
and improve- also $25 cash for July, 1904, coupon in default. The above
should be used for depreciation, maintenance
:
;
the year ending
the gross
aforesaid purposes
the
to
applied
were
system
the
of
earnings
and that an increase in the percentage to 23 p. c. would wipe
it with a
out the year's entire surplus of $265,889 and leave
dividends on the stocks
deficit, and without allowance for
on the West and North Side companies.
Interest on Bonds of Consolidated Traction Uo.— Receiver
discontinued
Felzet's suggestion that interest payments be
on the bonds of the Consolidated Traction Co. brought
out strong remonstrances from the shareholders of the Chicago Union Traction Co. as likely to dismember the system.
Henry A. Blair, the receiver representing the North and
Weet Side companies, was quoted as saying that the shareholders of those companies contemplate legal measures to pre
vent the application of the earnings of their roads to said
purpose, but that in his opinion the time is opportune for the
stoppage of interest by the receivers. At a meeting on Nov.
2 a majority of the receivers voted to recommena to Judge
GrosBcup the payment of the December coupon.
Receivers' Certificates.— Jxxdge Groescup yesterday authorIt is pointed out that the report for
7-10 p. c. of
30, 1904 (V. 79, p. 624), shows 15
will consolidate the subsidiary propliens.—V. 79, p. 902, 733.
Lackawanna Tunnel RR.— Jncorporaiion.—This company
was incorporated at Albany on Oct. 24 with $300,000 stock
Western Railto construct for the Delaware Lackawanna
road' Co. a tunnel railroad from a point in the Borough of
Manhattan, south of West 23rd Street, to Hoboken, N. J.
As yet the plans for the construction of the tunnel are incomplete. The D. L. & W. Interests, in opposing the applicaNew Jersey RR. Co. for permission
tion of the New York
to tuild a branch tunnel from Jersey City to Hoboken,
asserted that the proposed branch would interfere with the
D L. & W.'s project for an ultimate rail- line into ManhatW. for damages
tan. On Oct. 27 the award to the D. L.
to result from the proposed New York & Jersey branch
was increased by th e jury on appeal frcm $10,700 to $300,COO.
ments.
plan,
we understand,
June
erties
and pay
ized the receivers to issue $400,000 receivers' certificates to
replace a like amount issued a year ago to take up the maturing bonds of the Chicago Passenger Railway. The new certificates will run until Feb. 1, 1905, with the privilege of extension until Aug. 1, 1905.-V. 79, p. 902, 732.
Hamilton
Cincinnati
& Dayton Rj- Negotiations.—
interested in the Erie RR. Co. and the C. H.
D. respectively, have for some time past been conferring
with a view to a sale or a lease of the latter to the former,
no definite understanding has been reached, and the out-
While persons
&
,
come,
it
is
stated, appears quite uncertain.— V. 79, p. 1952,
1641.
City
& Suburban
Ry.. Portland,
Ore.—See Portland Con-
^_„_
below.— V. 79, p. 867, 500.
Clereland Electric Rj.—New Director.—D. R. Hanna has
been elected a director to succeed George C. Mulhern, resigned.—V. 79, p. 733, 268.
Colorado & Southern Ry.— Application to List.—The New
York Stock Exchange has been asked to list $300,000 additional first mortgage 4 p. c. bonds of 1929, making the total
listed $19,108,000.— V. 79, p. 1459, 1266.
Des Moines & Fort Dodge RR.—Payment of Maturing
Bonds— Option of Exchange.— B.o\dex9 of the $3,072,000
bonds maturing Jan. 1, 1905, are notified that the same will
be paid on and after Jan. 8, 1905, at the offices of the Central
Trust Co Redmond & Co. or Hallgarten & Co., New York.
Referring to the above notice, the Central Trust Co., Redmond & Co. and Hallgsrten & Co. announce that they have
purchased the entire issue of $3,072,000 new first mortgage 4
p.c. gold bonds, due 1936, with principal and interest gnaranteed by endorsement on each bond by the Minneapolis & St.
Louis RR. Co. The bonds are an absolutely first mortgage
upon the entire property at the rate of less than $22,500 per
solidated Ry.
,
mile.
Holders of the maturing bonds will have the privilege of
exchanging for the new issue on deposit of their bonds and
coupons due on Jan. 1, 1905, upon which dale the trust company and bankers named will be prepared to deliver the new
bonds and give $30 per bond and the face value of the coupons in cash. A large portion of the new bonds has already
been disposed of at private sale. Compare advertisements on
another page.— V. 79, p. 1704, 786.
Detroit Pontiae Lapeer & Northern Electric Ry. Co.—
Successor.— See Detroit & Bay City Traction Co. above.— V.
off all
&
&
&
(V. 79, p. 681.)
Lehigh Yalley Traction Co.- Time Extended,—The time
for deposit of seen rities, etc., under the plan of reorganization (V. 79, p. 733 ,) has been extended to Nov. 5, 1904, inclusive, after which date a penalty of 2 p. c. will be imposed.—
V. 79, p. 1704, 1462.
Lindsay Bobcajgeon & Pontypool Rsiilyf&j.— Mortgage.—
This company, leased to the Canadian Pacific Railway Co.
for a term of 99 years from July 1, 1903 (V. 77, p. 1225), has
made a mortgage to the National Trust Co. of Toronto, as
trustee, to secure an issue of $700,000 first mor tgage 4 p. c.
gold bonds, being at the rate of less than $20,000 per mile on
the railway from Burkton to Bobcaygeon, 40 mil es. Amount
outstanding, $500,000.
.^^
„^^^
^
,
Theee bonds are dated July 1, 1903. and are due July 1, 2002. without option of earlier redemption; denomination f 1,000 each, interest
tpayable Jan. 1 and July 1 at Bank of Montreal, Toronto. The mor
caee covers all the company's property and Income, "including a
,
guaranteed minimum rental at the rate of $20,000 ner year, payable
half yearly for the term of 99 years concurrent -with this bond, to be
paid by the Canadian Paoiflo By. Co. under a lease to it of the railway,
bearing even date herewith, under which the lessee pays all taxes and
asseisiiients and maintains and operates the railway at its own expense as part of Its system."
, -,
c
a.c:nt^
.
i.
Railway Co. received the first $50C,000 of these bonds, and, we understand, is likely to place
them on the market. Compare V. 77, p. 1225.
Macon Dublin & Savannah RR.— Soid to Atlantic Coast
Line Interests.—Thia road, extending from Macon to Vidalia,
Ga a distance of 93 miles, has been acquired by the Atlantic
Coast Line interests through the purchase of all the stock
and boncls. On Oct. 29 T. K. Scott of Augusta, Ga , General
Manager of the Georgia RR., was elected President.— V. 79,
The Canadian
Pacific
,
p. 1462.
& Texas Ry.— Bonds Ofered.— Messrs.
Co. of The Hague, Holland, have invited subOklahoma bonds of 1943
scriptions for the 5 per cent Texas
Oklahoma bonds of
and the 5 per cent Missouri Kansas
1942, both guaranteed by the Missouri Kansas & Texas Ry.—
V. 79, p. 1482, 1382.
Minaouri Kansas
Van 038
&
&
&
& St. Louis RR.— Application to List.—The
Stock Exchange has been requested to list $1,250,000 additional first and refunding mortgage bonds, making
the total listed $8,850,000. Sse report V. 79, p. 1953.
Minneapolis
New York
Montreal (Electric) Terminal Railway.— JVetc Bonds.—
The shareholders were to meet at the office No. 160 Saint
James St., Montreal, on Sent. 21, for the purpose of author-
izing the directors (1) to obtain the withdrawal and cancellation of the existing bond issue; (2) to Issue mortgage bonds
or debentures in respect of section one of the company s undertaking and all branch and circuit lines in connection
therewith, and to deliver over euch portion thereof as may
be necessary in exchange for the said existing bond issue,
76, p. 1248, 180O.
thereof as the directors deem
Dnlnth & Iron Range RR.— Division of Surplus.— See and to dispose of any balance
meeting was not announced,
the
of
result
The
advisable.
below.—
United States Steel Corporation under "Industrials"
of Commerce" states that the
"Journal
Montreal
but
the
V. 67, p. 71.
company hopes soon to Increase Its mileage and put Its lines
Dnlnth Missabe & Northern Rj.— Division of Surplus.— on a better footing.
,
,,
n
See United States Steel Corporation, under "Industrials"
The company owns 23 miles of electric railway, viz., 9
below.— v.. 78, p. 287.
from
extending
miles,
14
and
miles in citv of Montreal
Fort Smith (Ark.) Light &, Traction Co.— Increase of Capi- Moreau St., Montreal, on private right of way to Bout de
iesne
tal block.
Tbia company has increased Its authorized
Capital stock authorized, $1,000,000; issued, $750,000.
L'lle.
of capital stock from $800,000 to $1,000,000, of which $250,000 par of shares $100; first mortgage 5 p. c. bonds, $450,000;
will be preferred.
The first mortjrago 68 are dated June. 1902, and are due June. 1922.
Mortgage. A mortgage has been filed to the Central Trust but are not subject to call; denomination. $1,000; ti»«^ee National
of bonds
Co. of [Chicago] Illinois, trnstee, to secure $1,000,000 bondp, Trust Co.. Montreal. The sinking fund Is to retire $4,500
„ ^ »,
,,,
r>
u*
.
t o
of which $300,000 Is reserved to retire $300,000 mortgage each six mnntliM.
Directors: D. Mnrphy. President; H. H. Kwlng.Voe President; T. B.
bonds of 1903 (subject to call at any time) and $177,000 lor Maoauley, James TaBker. J. P. Cleghorn, H. H. Melville, O. H. Oatelll,
improvements and extensions. V. 79, p. 1641.
J. P. MuUarkey and Mr. MoKenzle.
,
—
—
,
—
:
2().S6
'PHK CHRONICLl
Vol. Lxxtx.
New Uammbire Traction Co.—Slale of Securities— At
Oretron Short Line RR.— Participating Bonds Called—
Boston on Wednesday R, L. Diy «fe Co. sold at anction the New Refunding Bonds
Guaranteed- Option of Exchange.—
$370,000 4J^p.c. first lien bonds and the $236,300 stock in Notice is given
by advertisement in another column that
one block tor $100,000 to a representative of the New York the company will
on Feb. 1, 1905, redeem all of its Four per
Security & Trust Co. Compare V. 79, p. 1462.
cent and Participating gold bonds of 19 D2 at their face value
New York New Uaren & Hartford RVt,.— Control Acquired. Hud a premium of 2}4 p. c. and accrued Interest and the div—It was finally announced in New Haven on O^t. 30 that the idend payment (if any) upon presentation at its office, No.
board of directors on Ojt. 26, all but two members being 120 Broadway, New York. On June 80, 1904, there was i82,present, voted "with substantial unanimity" to accept 491,000 of these bonds outstanding (secured by an equal
an option ofifered by Kuhn, Loeb & Co. on a bare majority of amount of Northern Securities stock), of which $45,991 000
the 158.117,932 capital stock of the New York Ontario & was held by the Union Pacific RR. Co. (See V. 79, p. 1955),
Referring to the above notice, Kuhn, Loeb & Co. offer to
Western Ry. Co, The price agreed upon was $15 per share,
ex-dividend of 3 p. c, which must be paid to dissolve the the holders of the Participating bonds to deliver in exchange
votlnf? trust (compare V. 79, p. 1332); in other words, prac- for each $1.00() par value of such bonds, having coupon due
tically $48 per share (par $100).
A proposition to lease the Feb. 1, 1905, attached a temporary certificate for $1,000
road, on the basis of 1}4 p, o. per annum on the stock for five "Oregon Short Line RR. Co. 4 per cent refunding 25-year
years, rising to 3 p.c. at periods of five years, was disapproved, gold bond," in coupon form, principal and interest unconditionally guaranteed by the Union Pacific RR. Co., and furas it was found that this plan required the assent of the New
ther to pay tD holders upon such exchange $77 50 per bond
York Central.
No terms have as yet been offered the Oatario's minority in cash.
The hew 4 per cents are to be collateral trust bonds,
shareholders, but even if direct consideration should be lackdated Dec. 1, 1904, and payable Dec. 1, 1929, but redeemable
ing, it is pointed out that they will profit not only by the
higher level on which the stock sells in the open market, at 1023^ p. c. and interest on three months' notice on and
but by the greater earning power which the changs In con- after Dec. 1, 1907, at company's option; coupons for semitrol will give the system.
Independent operatioa of the annual interest from Dae. 1, 19 ,'4. The issue will be limited
to $100,000,000 and will be secured by deposit with the trustee
property will be continued, at least for the present.
of whatever may be received in exchange for the company's
The press announcement from New Haven says:
The most Important feature or the deal 1b the fact that, for the first holdings of Northern Securities stock at par aod by deposit
time In New Eogland railroad history. It gives a great New England of any other securities at not exceeding 80 p. c. of their cost
carrying corporation access to the coal mines on the one hand and to or appraised value.
The new bonds offered in exchange at
the Great Lakes on the other, and, by virtue of the latter extension
the power of regnlatlng and naming Western trunk line rates. From 96 and int. are now selling at 97 and int.— V. 79, p. 1955, 1705.
Oswego to Buflfalo, a distance of about 140 miles, the Ontario & WestPenobscot Central Ry.— Sold.— At the foreclosure sale in
ern has a traffic agreement with the Rome Watertown & Ogdensbargh
KR. This contract Is not, as In the cage of the West Shore terminal a Bangor on Nov. 1 the property wag bid in by Charles E.
permanent one, bat by a new ilpk to Buffalo and Niagara easily con- Fisher of Gloucester, Mass., for $174,000, The Penobscot
structed on low grades, the Ontario & Western can readily In the Central
RR. Co. was organized last week under the laws of
future connect with the Gould system and the Canadian trunk lines.
Connecticut, the incorporators being
It Is understood that the "Consolidated" road was Immediately
forced to take this step by fear lest the trunk lines should endeavor to
W. H. Newman of Walllngford. President; Samuel
Morehouse,
pare down its percentage on through business to and from the West
New Haven, Secretary, and P. J. Cronen, New Haven,O. Treasurer.—
and also from the fact that last sprlntr it was defeated In a plan of se- V. 79, p. 1266.
curing the Lehigh & Hudson River RR. connection with the coal fields
by the Intervention of the trunk and cual line presidents.
Pere Harqaette RR.— Rental for Chicago Terminala.—See
An Important feature of the plan is that the company feels that It Chicago Terminal & Transfer RR. above.V. 79, p. 1955, 1642.
will be compelled to use anthracite much more extenelvelv than heretofore upon Its locomotives, freight as well as passenger. Mining and
Philadelphia Co. of Pittsbargrh.- ^arningrs,-The earncarrying Its own coal, of which it uses 1,500,000 tons a year at a present cost of about $5,000,(100, the company will by this ariangement ings for the 9 months ending Sept. 30, including controlled
Baye about $1 25 a ton. It also expects to be able to reduce consider- companies, were:
:
ably the price of coal to New England manufactu-Ing eonsnmers.
As It win reach out to many Independent coal corporations in the
anthracite regions. It hopes to increase the business of the Ontario
A Western in the coal trafflo and tdus add to the profits of Us business
on the acquired lines. The company also looks for a considerable increase of Us general freight business by larger interchange of trafflo
with the Ontario & Western on which it will have the "long haul "
The Immediate cost of acqalring the Ontario <fe Western will be
about$460,000ayear, or abour $1,000,000 a year if the fall amount
of stock is taken In. The officials of the road say that the surplus
which the Ontario & Western is at present earning will take care of
the additional fixed charges, saying nothing of additional profits from
increased business. The taking of the road will compel Immediate
Bteps for the double-tracking of the system from Poughkeepsle Bridge
to ^ew Haven and probably of the Highland Division.
A director says
" There was trunk line opposition to our
taking over the Ontario, but it was without effect upon our
board."— V. 79, p. 1705, 1462.
New York
York
:
Ontario & Western Ry.— Sale Made.—See
Hartford RR. Co. above.— V. 79, p.
New Haven &
New
1955.
New York Philadelphia & Norfolk nR.-Extra Dividend.
—The conapany has declared the regnlar semi-annual dividend
of 8 p. c. and an ex ra dividend of 2 p. c, both payable
Dec. 1 to holders of record Nov. 15. This makes 8 p. c. for
the calendar year 1904, contrasting with 6 p. c. in 1901 and
1903 and 5 p. c. in 1902.— V. 76, p. 1030.
Nicola Kamloops & Similkameen Coal & By. Co.—Mortgage. —This Canadian Company has filed a firat mortgage to
David B. Crombie, trustee, to secure $30,000 bonds.
Norfolk & Soathern RR.— Meeting Postponed.— The meeting which was to be held Oct. 31 to authorize the new mortgage and the merger of the Chesapeake Transit Co. was
postponed for want of a quortim. While everything is said
to favor the plan, the necessity of completing vario is pre
liminaries mi,y delay its consummation for some time. C jm
pare V. 79, p. 1705, 1462.
Omaha &
Redmond &
Coancll Blntti Street Rj.— Bonds Offered.—
Co., New York and Philadelphia, having disposed of $2,350,000, are offering the remaining $2,500,000
outstanding first consol. mort. 5 p. c. gold bonds of 198S
at 973^ and interest. A circular says in part
The company owns all the street railways in Omaha and South
Oniaha 95 miles
of single track— and has leased until 1947, with provision for renewals, the railway bridge oonneoling Omaha and Council Bluffs and all the street railways in Council Blufls. The total
mile-
age operated Is 127 miles.
These bonds are seoared by a mortgage on the entire
of the
Omaha & Council Bluffs Soreec Ry. Co now owned orproperty
hereafter ao
quired, Including the lease of the Omaha <fe Council Blnffn Railway <h
Bridge Co., subject to only $2,500,000 prior Hen t)onds which miture
May I, 1914. and which cannot b« extended. After that
date these
Donds will be a first and only Hen on the entire property owned They
are, in addition, a first lien on $)00,000 of the latter company's first
oonsolld*ted 6 p. c. bonds (the total amount now outstanding) covering its entire property, subject to $050,000 prior Hens.
The earnings for the year ending Dec. 31, 1903, are reported as follows
Gross earnings
$1,440,132 Taxes and rentals
$140,165
Net earnings
713,314 Interest on bonds
888,346
Other income
7,599 Balance, sarpluB
242,401
-V.
77, p. 37; V. 75, p. 1400.
9mo«.
Gross.
Net.
0th. income.
Ohargei. Sal. for pf
1904
$11,383,054 $4,542,757 $285,423 $3,0e»,o69 $1,7«0,11 I
1903
11,327,983
4,787,617
337,090
2,872,234
2,262,473
From the above were paid in 1904 dividends at rate of 5 p.
c.per annum (3% p.c.) calling for $215,423 for the 9 months;
the proportion due to other owners of common stock of
aflaiiated corporations is $2,453; leaving available for the
Philadelphia Co. common stock $1,542,235. Dividends on the
128.953,029 common stock (4^ P. c) call for $1,302,886.—
V. 79, p. 1462, 628.
Philadelphia & Erie RR.— Sale of Philadelphia's Holdings,
Sinking Fund Commissioners of Pnilaielphla will receive bids until 12 m., Nov. 15, for the city's holdings of
45,000 shares of stock, par value $3,250,000. The Pennsylvania RR. owns a majority of the total stock.— V. 78, p. 816.
Philadelphia & Lehigh Valley Traction Co.— Protective
Committee.— President John H. Michener, of the Bank of
North America, Philadelphia, has been made a member of the
bondholders' protective committee.— V. 79, p, 1268, 784.
Plltsburgh Terminal RR. & Coal Co.— Properties Leased
to Pittsburgh Coal Co.— See that company under "Indus
—The
below.— V. 79, p. 1955, 1024.
Portland (Oregon) ConsoUdated (Electric) Ey.— Consolidation.— This company was incorporated under the laws
of Oregon on Oct. 18 with $5,000,000 capital stock, in shares
trials"
of $100 each, as the final step in the consolidation of the
Portland Railway Co. and City & Suburban Ry. Compare
plan under City
Suburban in V. 79, p. 967. The first intention was to call the new company the Portland
Suburban
Ry. Co.. and under that title it appears on p. 1677 of our
&
&
Street Railway Section,
Portland (Ore.) By.— See Portland Consolidated Ry. above,
—V. 79, p. 908, 501.
Portland (Ore.) & Sabarban
idated Ry. above.— V. 79, p. 968.
Ry.— See Portland
Consol-
Rio Grande Sierra Madre & Paclflc RR.-Sa/e Cormtmmated.—ThiB company, the El Paso Southern Terminal &
Bridge Co. and the Sierra Madre Construction Co. have been
sold by Tilghman, Rowland & Co. of this city to Col. W. C.
Greene, Prf sident of the Greene Consolidated Copper Co. of
Cananea, Mexico. These negotiations have been peodlng for
the past month but were consummated this week. The purchase price is said to have been $3,500,000. An official statement says in brief
:
RR
& Paolflc
runs from El Paso, Tex.,
in a southwesterly direction in the State of Chihuahua, MTexloo, to Terraz»8, one of the populous centers of the Mormon colony In that ooantry. This road was projected by the late Solon Humphreys, who for
many years was President of the Wnbash RK About 16-! miles had
been built, when, owing to the death of Mr. Homphreys, who was the
active railroad man In connection with this enterprise, the work was
Had Mr. Hamphreys lived, the line would have
halted at Terrazas
been extended southwest through the rich mineral and timber districts
of Mexico. The property has boon an earning piopnsltlon from its Inception, but for the reason stated tbe owners allowed the matter to
He dormant until they found a parobaser who was able to carry
through the original plan.
The Rio Grande Sierra Madre
J
XOV.
5,
208:
THE CHRONICLE.
1904.
application of the St. Paul City Ry. restraining the city of
on the
St Paul from interfering with proposed extensions,
stay of 90 days was allowed
grounds stated in V. 79, p. 271.
it desirto perfect an appeal, the city and the court deeming
Suits
able to have the higher courts pass upon the question.
brought by the city for the forfeiture of the company s franState and
chises, it is reported, are pending both in the
in
Federal courts, in which, in addition to the issues raised
Certtncates
comcertificates bearthe action above referred to, the legal existence of the
holders of the voting trustee.'
Dec
Trust Co. are requested to pany is called into question. Neither of the latter cases has
ir,l th^ registration of the Central
Ca yet come to trial.— V. 79, p. 271.
office of J. P, Morgan
the
at
certificates
't?eir
irfsent
registration of the
the
bearing
certificates
and
Union Pacific VLB..— New Guaranteed Bonds,—See Oregon
Fn New York,
Grafting AnPennsvlvania Co. for Insurances on Lives
Line RR. above.— V. 79, p. 1956, 1707.
Short
Co. in Philadelphia, who will be prennit?eJ to Drexel
United Railroads of San Francisco.- Listed in San Franof Reading Company in
pared to deliver certificates of stock
The company's $20,000,000 of 4 p. o. bonds have been
cisco.—
wll
diem
per
schedules
hundred
exchange for the same. One
Bond Exchange in San Francisco.—
the Stock
on
listed
advertisement
Compare
at each transfer office.
be
V. 78, p. 2386, 1783.
-In Burren^eTing their
United Railways Co. of St. Lonis. -Pa^/men* of Collateral
""'"FSv^'anelalExMbit fcr TruBteeMp.
Frederic P. Trmt Notes.— The collateral trust notes of the St. Louis
Morgan,
Pierpont
(J
trustees
trust the voting
attention to the results at- Transit Co., due Nov. 1, were paid at the Trust Co. of AmerOlcott and C S. W. Packard) call
Co., St.
as follows :
ica, New York City, and at the Mercantile Trust
tained during their administration,
(THREE COMPAHIB8).
Louis, on that date.
8T8TEM
READING
„ „^ t
i
OF
CHABOES
AND
EARNINGS
Mortgage Ftled.—The United Railways Co. of St. Louis
Surplus
xu././<;
Groia
page
Oct.
of
Chroniclk
1,
taxes.
and
in
charges
plan
Fixed
dver charges.
has filed for record (per
receipts.
«;«t
$l0,0fi0,000 bonds
$10,350,046 on Deo. 1,1896
%lVbb-M9 def. $579,134 xlO.863.094
1*Bflfi"fl7
1882) a mortgage to secure its guaranty of
30. '04
on
Jnne
20-year
1908-04 ::i".77;040.256 BnrJ757,538
of the St. Louis Transit Co., known as "improvement
The
Oct.
dated
each,
1, 1904.
of
$1,000
bonds,"
gold
x$513,048
c.
5
p
$3,336,672
InoreaBe.$iri4i2.'365
Mercantile Trust Co. of St. Louis is the mortgage trustee.
In
reorKanizatlon
the
since
issued
oblleatlnns
TTnMiiripa interest UDon all
The mortgage covers, subject to the general mortgage of
t^e
SU'dfn^;&^e![^R^i.\Ta VeloTo^ntU/e^t^rn 1899 all the property and franchises of the United Railways
?fp"f
the
Cenof
stock
capital
the
Sefon°ds*ssuedfnl9oftrpayfSram%°o^ri?y^
Louis Traction Co. and
increase in taxes, which .8 included in Co.,' all the capital stock of the St.
tral RR. Co of New Jersey. The
fixed charges amounts to 1506,169.
12,540 shares of the St. Louis RR. Co.
_
on account
Restraining Order.— Jadge Fisher, in the St. Louis Cir"If the fixed charges created since Dec. 1, 1896,
and interest upon cuit Court, on Oct. 31, on application of Louis A. CeHa, S.
of the acquisition of additional properties
for the purAdler and C. A. Tilles, who claim to be owners of 11, OCO
the additional general mortgage bonds issued
of the shares of St. Louis Transit Co. stock, granted a temporary
chase of equipment are eliminated, the fixed charges
The
Reading System were $1,018,065 less for the fiscal year ended resttraining order, returnable Nov. 21 for argument.
June 80, 1904, than they were for the fiscal year ended Nov. question to be determined is whether under the syndicate
agreement the plaintiffs have a right to the securities them80, 1896.
-u LL
"During this period the following improvements, better- selves or only to the cash proceeds. The order affects only
such proportion of the bonds and stocks sold to the underments, etc., have been eflfected:
Amount.
writing syndicate under the plan of readjustment as are repbettermenta and Im(1) Railway Company- Expended for
by the plaintiff's participation in said syndicate.
resented
improvementa. IncreaslnK Its track mileage 230 mllea
agreement is of the customary character and
syndicate
The
«;•„*''
and its total tracks 370 miles......
vvviVA-QV
to
the bonds and stock to the managers for a
of
$16,990,856
sale
from
the
stock
gives
Increase In value of rolling
....... ---.--.----.--.• 1.4.voD,o I £i
^^1 027 728 or ..•.......---->period.-V.
79, p. 1705, 1642.
Floating equlpmentinoreased feom $1,439,850 to $3,i,7o»,^08
.....
Yireinia Passenger & Power Co., Richmond, Ya.— Pay224 108 or
eeInterest-bearing
In
Invested
fund
capital
Insurance
ment of Overdue Ccupons.—The Bank of Richmond (RichJ .uou.uuu
securities
mond Va.), successor to the Richmond Trust Safe Dt?po8it
lor
canceled
and
General morVgagebonds' purchased
presentation
z.oio.ooo
Co., trustee, gives notice that it will pay upon
fand
sinking
560,6i8 the coupons due July 1, 1904, or prior thereto upon the first
Unacilnsted claVm of City of Pliila. lor damages paid...
Bet aside to provide for maturing obligations of City of
mortgage bonds (1) of the Virginia Electrical Railway
Philadelphia, issued lor construction of Pennsylvania
^^, .„.
Park Ry.
494,064 Development Co. and (2) Westhampton
Ave. subway
•^-••:v
Iron Co.-Spent lor new
Receivership Made Permanent.— Judge Waddill, in the
(2) Philadelphia & Reading Coal A
Richmond on Oct. 9, in the
work at collieries
o'lnn'nnn United States Circuit Court at
3,600,000
Coal trust certlfloates paid off
:":,v;:
Green Trust Co., denied the
Bowling
the
by
brought
action
its
enrebuilt
has
(3) BeadiDg Iron Co.— Out of its earnings
security holders and George
individual
certain
the
in
of
interest
application
large
acquired
a
has
also
plant
it
tire
Court, to
Pennsylvania Steel Co.. and it is now one of the bestJr., the receiver appointed by the State
Cameron
equipped and most snocessfnl Industrial companies In
intervene; he also declined to reconsider his action in asanmthe country.
ing jurisdiction and naming receivers. On Oct. 11 he lyrt'J©'^
"In addition, the stockholders are to be particularly con- decided to make permanent the previous appointment by
gratulated on the acquisition of the control of the Central of William Northrop and H. T. WIckham as receivers.
RR. of New Jersey. The dividends received from the CenThe Metropolitan Trust Co. of New York has brought actral RR. Co. of New Jersey on the stock purchased have ex- tion to foreclose the mortgage made by the Richmond Pasceeded the annual charge to Reading Company accruing on senger
Power Co. to secure the debenture 5 per cent gold
this transaction, but of far more importance is the general bonds of 1900.-V. 79, p. 1463, 787.
adadvantage arising from the acquisition of this stock, an
Wabash RR.—Coai Properties Leased to Pittsburgh Coa^
vantage which cannot be overestimated. It was essential to
See that company under "Industrials" below.—V. 79,
Co.—
it
secure
that
Company
Reading
the
of
welfare
future
the
1714.
1956,
p.
New
of
port
the
outlet
to
available
only
and control this
^lirongh the
Greene purposes extending the line south
he l^.l^'-K^ly
rich mineral region in which
^^^^.^'^^^f.'
000
t^a^ 2,500 *no
comprising more
into the vast timber tracts
Col. Greene recently purwhich
timber
virgin
of
acres
chased."—Compare V. 79, p. 1462.
Voting Trust-Netv
Readinjr Commnj.- Termination of
after
tobelssled On and After Dee. l.-On and
Col.
A
'
]lS
&
&
&
&
Sved
S3SS?tTe*
M
.
.
,.
—
•
&
&
;
mm
&
^
York."-V.
79, p. 1842, 1085.
Loni8 Troy & Eastern 'KB..— Called Bonds.—The $600,mortgage 6 p. c. gold bonds have been called for redemption Dec. 1, 1904, but the Mississippi Valley Trust Co.,
St. Louis, will pay par and interest for them at once.— V. 77,
St.
000
first
p. 251.
Terre Hante & PeorU RR.— OuerdMe/nferesi.—The bond
interest due March 1, 1904, is now being paid by Robert
Winthrop & Co, 40 Wall St. upon presentation of the cer,
,
the New York Security & Trust Co.,
or upon surrender of the coupons. The interest on bonds deposited with Drexel & Co. of Philadelphia, Pa., is paid at
tificates of deposit of
their office.
Compare
V. 79, p. 905, 1958.
Toledo (0.) Railway & lA^hX Go.— Franchise Ordinance
Po««ecl.— The Gity Council on Oct. 8J by a vote of 13 to 3
passed an ordinance extending the company's franchise for
25 years, and providing that seven tickets be sold for twentyfive cents for the next ten years and eight for a quarter after
The company must also expend $2,000,000 for im
that.
provements during the next nine years. The franchise, we
are informed, is not satisfactory to the company and will
probably rot be accepted
—V.
78, p. 2800.
Toledo Ry.& Terminal Co.— iVeuj Of//cera.— W. F. Robinson
has been elected Prtsldent, succeeding H. E. King, and L.
B. Pierce has been elected Vice-President, succeeding T. H.
Tracy.— V. 79, p. 1838, 968.
Trenton * New Bransvtiok RR.— .Ear ni»;gr».- See Camden
& Trenton Ry. above.— V. 78, p. 230.
Twindly Rapid Transit Co.-Dfcision.- Judge Lochren
In the United States Circuit Court ou Oct. 24 granted the
INDUSTRIAL, GAS AND MISCELLANEOUS.
Allis-Chalmers Co.— Pnzes.-The company received three
grand prizes for exhibits at the St. Louis Exposition, viz. conEdwin Reynolds,
1. For 6,000 horse power engine, designed by
the nine ensulting engineer in the Milwaukee works, who designed
each.
horse-power
gines for the New York Subway of 1?,000
:
For electric exhibit of Bullock Electric Manutacturlng Co.
For rook-breaking and cement-making machinery.
Some smaller prizes were also received, Including a goia
medal for Bullock multiple voltage balancer. It is hoped in
time to enlarge The Ballock plant so as to include all branches
of the electric field. -V. 78, p. 2439.
Amalgamated Copper Co.— Report Denied.— The report
in the
that F. A. Heir-ze had given an option on his interests
United Copper Co. to Amalgamated interests took definite
form this week, but was emphatically and, it is generally believed, conclusively denied.
, ,
Advance in Price of Copper. -The price of ake copper,
which from December, 1901, to January, 1902, fell from 17 to
to 15^ cents,
11 cents per pound and in 1903 ranged from 12
14
has risen eharply from 12-87i^ cents on Oct. 1, 1904, to
and an excents or better on Increasing home rrquirements
the first
traordinary foreign demand. The total exports for
241,877.440
ten months of 1904 are 459,970,056 pounds, against
pounds during the same interval In 1908.— V. 79, p. 785. 508.
2.
3.
.
American Brake-Shoe & Foundry Co.-Supplementary
Mortaaae.-The company recently tiled a supplementary
mortgage to bring under the lien of the $1,000,000 first mortgage of 1902 the plants acquired at Bloomtteld, N. J, and
Chattanooga, Tenc, since the original mortgage was made.
—V.
77, p. 2392.
—
.
THE CHRONICLE.
2088
[Vol.
lxxh.
American Cotton Oil Co.— Common Dividend Decreased.— Wilson of Springfield being th« receiver; (2) by the Macoupin County
Court on complaint of the city of OarllnvUle, William L.
The directors on Tuesday declared the usual semi annual Circuit
Mounts of CarilnvlUe belni; the receiver.
dividend of 3 p. c. on the preferred stock and a dividend of
1 p. c. on the common stock, both payable Dec. 1 to holders
of record Nov. 10. The 1 p. c. dividend on the common
stock contrasts as follows:
18fl9.
1901
1900.
1908.
1901.
1902.
1808.
4%
8%
3ifl%
2%
X Inolades annnal, December, pkyment and 2
V. 77,
I).
x4%
xe»6
1%
p. o. following
Jane.—
2160.
American Grass Prodnctg Co.— Dissolution.— The shareholders will vote Nov. 10 upon dissolving the corporation.—
V.
77, p. 1295.
American Grass Twine Co.— See American Grass Prod
nets Co. above.— V. 77, p. 1876,
American Pneumatic Service Co.— Bonds.—The company's $1,600,000 five per cent gold bonds are dated Oct. 1, 1903,
1, 1928, without option of earlier redemption
International Trust Co., Boston, trustee; sinking fund 2 p. c.
(See V. 78, p. 2382). The capital stock consists of 86,750 shares
of 6 p. c. preferred stock and 119,058 shares common stock;
par of each $50.
and due Oct.
;
Carpenter Steel Co. (Reading, Fa ).— Reorganization
Pian.— Receiver Jennings having paid a considerable part of
the company's indebtedness, and having filed his final report
(showing total assets $570,43^, total liabilities $345,4^8), has
under order of court turned over the property to the new company. The latter, known as "The Carpenter Steel Company,"
was incorporated In New Jersey on Nov. 2, with authority to
issue the following securities:
Capital stock, in chares or $100 each
$1,200,000
Of which to be given In exchange for $920,000 old pref
stock on the basis of $100 new stock for each $100 of
old pref., accompanied by $10 cash contribution
920,000
In exchange for i 1,462, 100 old common stock on the
basis of $100 new stock for each $1,000 old common,
acuompanled by $50 cash contribution
146,210
First mortgage 5 p. c. 10-year gold bonds, subject to call
after 2 years at the option of the company, denomination $500. Reading (Pa.) Trust Co. trustee
350,000
To be issued at par in payment of all debts, except
those under $500, which are to be paid in cash.
Robert E. Jennings, recently the Receiver, is President and
W. B. Kunhardt is Secretary and Treasurer of the new corOovernment Contraets.-The Chronicle has been favored poration. The plant has an annual capacity of 9,000 tons of
with the following authoritative statement:
crucible steel ingots and 25,000 tons Of rolled and forged pro-
This company owns the local companies in Boston, Ohloaf^o and St.
Louis, which hold contracts with the United States Government for
the carrying of malls by pneumatic tubes in those cities. These are
the only companies which have carried out their contracts with the
Qoverniuent for this service, as the systems In New York and Philadelphia have not been extended beyond their original limits when
contracts for the same were awarded by the Post otfice Department
over two years ago. The amount of compensation for the service in
Boston is $110,240 per year, the amount paid for the service in the
city of Chicdgo is $119,625 per year; the amount paid for the service
Intheolty of St. Louis Is $18,267 per year. These systems are all In
operation; the Boston system (since March, 1903,) including nearly 7
miles of double tuoing; the Chicago system (since Aug 24, 1904.) Including nearly 9 miles of double tubes; the St. Louis system (since
•Inly 1, 1904.) consisting of about 4 miles of doable tubes. It is understood that In all these cities extensions will be made during the
year 1905, nearly doubling the present extent. In addition to this
the company owns all other companies of any account furnishing
store service or pneumatic ;tubes for Inside buildings, stores, offloes
and the like. [Compare V. 75, p. 734].—V. 79, p. 629.
Co. First Dividend on Common Stock.
the nsnal preferred dividend of 1% p. c, payable
Nov. 15, the directors on Nov. 2 declared an initial (quarterly) dividend of 1 p. c. on the $4,893,000 common scock,
payable Dec. 31 to holders of record Dsc, 31. President
Wooliey says
The company has devoted six years to the creation of a substantial fund for working capital, and as the business this year, both
as regards volume and net profits, is progressing satisfaotoilly, it was
decided that it would be prudent and conservative to begin the payment of dividends on the common shares.— V. 79, p. 629.
American Radiator
— Besides
American Tobacco Co.— Admitted to Quotation.—The
Morton Trust Co. certificates of deposits representing the
securities (stock and bonds) of the constituent companies,
which are to be exchanged for the shares and bonds of the
new company, have been admitted to quotation on the unlisted department of the Nev? York Stock Exchange.
See
advertisements on another page; also V. 79, p. 1956.
Baltimore Electric Power Co.— Jncorporafed.— This company was incorporated in Maryland on Oct. 5 with $3,500,000
of authorized capital stock, in shares of $50 each, to construct
an electric power and light plant for the Maryland Telephone
& Telegraph Co. (compare V. 78, p. 1170, 2015; also V. 79,
p. 631).
bonds.
The new company is authorized
The incorporators are:
to issue $7,500,000
John T. Stone, President of the Maryland Casualty Co.; David E
Bvans. President of the Maryland Telephone Co.; Henry W. Webb,
Vice-President and General Manager of the Maryland Telephone Co.;
Bobert F Bonsai, Treasurer of the Maryland Telephone Co., and William P. Spring, Auditor of the Maryland Telephone Co.
Alexander Brown, a large stockholder in the Maryland
Telephone
Telegraph Co., and also in the United Electric
Light
Power Co. of Baltimore, applied on Nov. 2 for an
injunction to prevent the former from engaging in the electric light and power business for want of the charter right to
&
do
&
eo.
Binghamton (N. Y.) Beet Sngar Co.—8old.—At the foreclosure s^le In Binghamton on Oct. 8 the property was bid in
tor $300,000 by the bondholders' committee, consisting of C.
F. Hotchkiss, S. B. Davidge and W. Q. Phelps. Some of the
machinery was sold in Binghamton and some was sold to go to
Western sugar factories. The real estate is held by the bond-
holders' committee In trust.
ducts, including crucible steel for tools, dies, cutlery, wire,
etc.,
and forgings and armor-piercing projectiles.— V.
77, p.
2283.
Co. of tbe Borongh ot the
City.—Foreclosure.—The Knickerbocker
Trust Co., as mortgage trustee, has brought suit in the
Supreme Court to foreclose a mortgage made in 1901 securing $320,000 of 5 p. c. bonds due Jan. 10, 1911, denomination
said to be $100. These bonds, with coupons of July, 1904,
attached were all sold at auction recently and were bid in
tor $50,000. The mortgage covers the 7-story Mestanique
Apartments on 137th St. near Willis Ave. On October 3 John
Bambey was appointed receiver. Of the 120 apartments,
Homes Improvement
City
New York
Bronx,
it is stated, are vacant, the present rentals not
exceeding $25,000 yearly.— V. 72, p. 89.
City Water Co. of Kenosha, Wis.— CaiZed Bonds.— Four
bonds of series A, viz., Nos. 1, 2, 8 and 4, for $1,000 each,
have been called and were payable Oct. 15 at par and interTrust Co., trustee, Kenoest at the Northwestern Loan
sha,- V. 71, p. 865.
Compressed Air Co. J^'urccZositre.— Justice McCall, in the
Supreme Court on Tuesday, ordered the foreclosure sale of
the property under the mortgage made to the Morton Tmst
Co. as trustee, upon which there is due $373,888, including
The upset price is $20,000. The mortgage
interest and costs.
covers, besides the patents and plant, the following securities:
$5,948,300
American Air Power Co., capital stock
1,985,000
Compressed Air Motor Co capital stock
149,500
Rome Locomotive & Machine Works, capital stock
Compare V. 76, p. 268; V. 78, p. 1448.
Consolidated Gas Co., New Yorh.— Guaranteed Bonds.—
See New York & Westchester Lighting Co. in V. 79 p. 1957.
Allies.— R, E. Gawtry and L, B. Gawtry, respectively
President and Vice-President of the Consolidated Gas Co.,
are now directors both in the New York & Queens Gas Co.
(which see below) and in the New York & Qaeens Electric
Light & Power Co. (V. 72, p. 1039; V.i76, p. I;i52.)-V. 79, p.
one-third,
&
—
,
1706, 1023.
Consumers' Gas Co., Reading, Pa.— iVcw Stock.—This
company has increased its authorized issue of capital stock
from $500,000 to §1,000,000, par value of shares $25. The company is controlled by the United Gas Improvement Co. of
Philadelphia and has paid dividends at the rate of 6
annum.
In March and September.
30, 1904, p. 498.
p. c.
per
Compare Chronicle
of
July
Domestic Sewing Machine Co.— Change in Control.— See
report of Torrington Co. on page 2084.— V. 76, p. 385.
Edison Electric lUaminating Co., Boston. -A^e?*' Stock.—
Option.— The shareholders will vote Njv. 18 on issuiag $1,045,000 additional stock. The new stock will
the shareholders at $200 per share (par $100) on
one share for every ten shares held. This will
outstanding stock to $11,489,500. See report on
and V.
be offered to
the basis of
increase the
another page
77, p. 149.
New Director.— I. Tucker Burr
has been elected a director
Henry Barnes.— V. 79, p. 1643, 215.
Boston Belting Co.— iVew President.— General Manager
Reduction in Price of Oas.— The
Boston
Gas
Co.—
East
James Bennett Forsyth has been elected President, succeedGas and Electric Commission has ordered a reduction in the
ing the late James Pierce.— V. 77, p. 2841.
price of gas in East Boston from $1 25 to $1 20, on the ground
Boston Consolidated Gas Co.— Consolidation.-^ee Massa- that the control of thekproperty was acquired last year "in
chusetts Gas Companies below.— V. 77, p. 2341.
the interest of the owners of the other Boston companies,
Boston & Montana Consolidated Copper & Silver Mining who should share with the puolic the advantages arising
Co.—Payment of flonds,— General mortgage 7 p. c, bonds, from the common control of the several properties."— V. 76,
Nos. C2ul to C300, due Nov. 1, were paid at the office, 42 p. 657.
Broadway, New York City.— V. 79, p. 502.
Equitable Illnminating Gas Light Co. of Philadelphia.—
Canada Woolen Mills Co.— Sale Set Aside.— Mr. Justice Output.—The statement of gas sold in the city of Philadelphia
to succeed the late E.
MacMahon
at Toronto on Oct. 25 decided that the sale of the
property to William D, Long of Hamilton, Oat., for $253,000
was illegal and that the property must be resold. V. 79. p.
—
1333, 735.
Carlinrille (111.)
Water Co.- Foreclosure.- Oa
receivers were appointed for this
Two separate appointments were
States Court on application of Arthur
son Co. of Massachusetts, holders of
Sept. 19
company.
made, viz
(1) by the United
H. Soden and John W. Dickin$62,000 bonds, Major Blneford
:
for
we
ities,
quarter ending Sept.
compares as follows
30, as filed
1904.
Oubic feel gas—
3 mos. ending Sept 30.. .1.4X0,398.380
30.
. .4,775,387.520
9 mos. endlag Sept.
$1,776,887
9mo8. gross revcuoe....
Of Which
— V. 78,
with the city author-
:
City receives...
p.
1902.
1,183,592,760
3,628.065,130
$3,628,065
$470,802
$362,806
1562.
Excelsior Coke
Price of
$477,538
1903.
1,353,358.230
4,708,020.080
$4,708,020
& Gas
Co.,
Topeka, IL&n.— Reduction of
Gas.—The company on
Oct. 1 reduced the price of
Nov.
5,
gas for all purposes from $1 65 and $1 50 per 1,000 cubic feet
to |1 25. It baa also formally ac'cepted the amendments to
the gas franchise recently granted. Manager Dielmann says:
Wltbin a abort time work will be oommenoed on the constraotlon of
an entirely new gas worts, capable of supplying a city with a population of 200,000 people.— V. 79, p. 1644, 1025.
Federal Minlngr & Smelting Co.— Stock 0/ered.— Frederic
H. Hatch, 30 Broad Street, is offering a block of this
company's $10,500,000 7 per cent preferred stock with a
bonus of 50 p. c. in common stock (outstanding Issue, $5,250,000) on a basis to net the purchaser over 10 p. c. on the
investment. The company began business Sept. 1, 1903, and
is paying quarterly dividends on both preferred and common shares on the former 7 p. c. and on the latter 6 p. c. per
annum. Mr. Hatch, in a circular, says:
The company has a cash surplus of $1,200,000. The average
monthly profits since business was begun have been about $120,000,
amounting annually to more than 7 p. o. on the pref. and 14 p. c. on
the com. stock. There la no floating or other Indebtednese. The company controls lead silver properties In Coeur d'Alene district, Idaho,
also the Monte Crlsto Mines, Wash The Idaho mines are within a few
miles of one another and are tally equipped with flrstclass concentrating mills located on the O. B. & N. and Northern Paclflo railroads.
The class of ore mined Is the basis for smelting gold and silver ores
in all parts of the United States. The shipments are valued at $600,000 per month.
See further particulars in V. 77, p. 408. (The Puget Sound
Reduction Co. was subsequently sold to the American Smelting «fc Refining Co., V. 77, p. 2842. )^V. 79, p. 1706.
—
Federal Sugar Beflning Company, Yonkers, N. Y.—Neto
Sioek.— Option.— In order to increase the working capital,
the shareholders are offered the privilege of subscribing at par on or before Nov. 10 to an amount of preferred stock equal to their present holding of stock (whether
common or preferred) receiving a bonus of $500 oommon with
each $1,000 of preferred so subscribed. The new preferred
stock will "bear dividends from Nov. 1, 1904, and have
stamped upon the face of the certificates the words 'Issued
as of Nov. Ist, 1904.'" Some of the largest stockholders
have already underwritten more than $500,000 preferred on
this basis. The subscriptions are payable 25 p. c. at once,
25 p. c. Dec. 1, 1904; 25 p. c. Jan. 1, 1905, and 25 p. c, Feb. 1,
1905,
Payment in advance will be credited with interest at
circular says:
4 p. c. per annum.
Our new refinery at Yonkers started operations about August 1, and
the reports for those two months from Barrow, Wade, Guthrie & Co.,
show a very substantial and gratifying profit, being at a rate very
much more than snfflolent to pay dividends on the preferred stock.
The output at present Is about 2,000 barrels a day.
The authorized stock is $50,000,000, of which half is 6 p. c.
etc.. all
,
A
cumulative preferred.— V.
79, p. 630.
Fore River Shipbuilding Co. of Qaincy, Mass.— Oncers.
—The following officers and directors were recently elected
PresldeBt, Francis P. Bowles; Secretary. James A. Parker, and
Treasurer, J. A. Selfridge. Directors F. P. Bowles, Robert Wlnsor,
W. A. Gaston, Gordon Abbott, William Endloott Jr.. T. Jefleraon
OooUdge 8r., 8. P. Damaine and James A. Parker.— V. 79, p. 969.
;
Greene Consolidated Copper Co,— Report.—The results for
the year ending July 81 compare ag follows
ProfllMof sale
year—
of bullion.
1903-04.. $1,782,960
1902-03.. 1,311,125
.
THE CHRONICLE.
1904.
Fiscal
—
:
1
:
Other
Adminisirat'e Interest,
income,
expenses,
discount, etc.
Net
profits.
$14,804
$164,366
$169,139
$1,474,259
211,557
303,446
122,913
1,096,323
From the balance as above there was appropriated for depreciation 8107,988 (against $375,858 in 1902 03); alpo to reduce inventory of copper on hand to cost $398,944, leaving a
balance carried to surplus account of $967,827, against $820,-
2089
The company was Incorporated in this State In December, 1869. and
passed under the control of the Gold & Stock Telegraph Co. (Western
Union Telegraph Co.). The property is now controlled by or leased to
the New York Telephone Oo. There Is an issue of first mortgage bonds
originally numbering about 150, of which 6 or 7 are called and paid
each January 1 and July 1 at the office of the President; and Treasurer,
John A. Peck, of the tobacco firm of De Groot & Peck. 124 Water St..
New York. The interest on the bonds has heretofore been payable
January 1 and July 1 at Hudson Blver Bank,—V. 78, p. 50.
Ilarylend Telephone & Telegraph Co.— See Baltimore
Electric Power Co. above.— V. 79, p. 503, 631.
jn&ssaebusetts Gas Co. Appraisal, Expert Engineer C.
J. R. Humphreys on Oct. 27 submitted to the Ma'^sachusetts
Gas & Electric Light Commission his appraisal of the machinery and other property, exclusive of real estate, of the
eight Boston companies which are to be merged into the Boston Consolidated Gas Co., viz., the Bay State, Boston, Brookline, Dorchester, Jamaica Plain, Massachusetts Pipe Line
Co., Roxbury and South Boston Co. The total valuation he
—
places at $20,276,598 (exclusive of franchises), namely:
Buildings.
Machinery.
Mains, Etc.
Total.
$5,072,757
$3,239,008
$11,964,833
$20,276,598
The real estate of the companies was valued by J. Murray
Howe at $2,250,000, which, added to the $20,278,598, gives a
total value of $22,526,598.
(Compare "Consolidation Bill" in
V. 76, p. 1304; also V. 77, p. 2342.)
Price of Gas.— Mayor Collins of Boston has requested the
Electric Light Commission to order a reduction in the
Gas
price of gas to the city of Boston from 90 to 80 cents per 1,000
cubic feet, and to all other consumers from $1 to 80 cents per
1,000 cubic feet, or such further reduction as they may deem
just, so that a "reasonable price" may be established contemporaneously with the fixing of the capitalization of the Consolidated Company. A trustee of the Massachusetts Gas
Companies is quoted as saying:
The balance available for dividends for all the companies to be Included In the Boston Consolidated Gas Co. at the close of the fiscal
year ended Jane 30, 1904, was $767,330. On' an SO-cent-per-l.OOO
basis It Is figured that the reduction In gross earning!; would be $578,019. This would absorb 76 p. o. of the balance and bring It down to
$189,311, which compares with dividends paid of $440,100.
&
Compare East Boston Gas Co. above and V. 79, p. 1640.
New York & Queens Electric Light & Power Co.- First
Dividend.— A first (semi-annual) dividend of 23^ p. c. has
been declared on the $1,250,000 preferred stock, payable
Dec. 1, 1904, to stockholders of record Nov. 15. See New
York & Qaeens Gas Co. below.— V. 78, p. 1252,
New York & Qaeens Gas Co.—Representatives of Consolidated Gas Co. Elected Directors. Harrison E. Gawtry and
Lewis B. Gawtry, respectively President and Vice-President
of the Consolidated Gas Co. of New York, have been elected
to the board of directors,
Mortgage. A mortgage has been made to the Lincoln
Trust Co. of New York to secure $1,000,000 of 5 p. c. " first
and general mortgage" gold bonds, dated Aug. 1, 19U4, and
due Aug. 1, 1934, but subject to call when drawn by lot, to
any amount, at 110 and interest on any interest day at
—
—
option of company; outstanding, $650,000.
The bonds are for $1,000 each, interest payable Feb. 1 and Aug. 1 at
office of trustee; $700,000 are issuable forrhwlth and $300,000 reserved for extensions and additions. The bonds stand on their own
merits and are not guaranteed. They are, we are informed, an absolutely first mortgage, all the bonds (as well as the stock) of the old
Newtown & Flushing Gas Co. having been retired. Cajiltal stock,
$600,000.'all outstanding; par $100. The company owbh a gas plant
at Flushing, N. Y., and supplies Flushing, College Point and Whltestone. It Is controlled by the same interests as the N. Y. <fr Qaeena
Electric Light & Power Co. (compare Ohroniolk V. 72, p. 1039; V. 76,
p. 1252, and page 1S08 of Railway & Indus. Section issued Oct,. 29.)
Officers: Frank Tllford, of Manhattan, Prealdent; Henry R. Wilson,
Vice-President; Harry L. Snjder, Secretary.— V. 79, p. 631. 274.
465.—V. 79, p. 1706, 1644.
Indiana Natural & Illuminating Gas Co.— Funding
Ohio & Indiana Consolidated Natural & Iliumiaating
CoMpoTW.— Sse Ohio Sc Indiana Consolidated Natural & IlluGas Co.— fiiia; Coupons to be F\t,nded— Improvements— Artiminating Gas Co. below.— V. 69, p. 1250.
International Mercantile Agency.--So?i.— The property ficial Gas Plants. The holders of the first mortgage bonds
of this company, which on Aug, 27 was placed in the hands of the following controlled companies have been, or will be,
of George R. Beach as receiver by Chancellor Garrison of asked to fund three years, coupons into an equal amount of
New Jersey, was bid in at the receiver's sale on Oct. 6 by 4 p. c. three year debenture certificates, in order to enable
Charles H. Barrett of Philadelphia for $25,560, subject to tbe company to establish artificial gas plants and to utilize
the oil, which generally increases as the natural gas pressure
certain claims.
i;
—
On Aug. 27
the directors brought suit against ex-President
Thomas
N.MoOauley, alleging Irregularities in the Issue of $1,200,000 stock
and In other matters. Criminal actions followed, and recently when
wanted for trial he was reported missing, notwithstanding $5,y(i0
bail.-V. 78, p. 1226.
Jaeksonville (Fla.) Telephone Co.— Foreclosure Sale.—
The property of this independent telephone company, established in 1894, was sold under foreclosure on Oct. 29 and bid
in by D. T. Gerow, trustee.
The switch-board was not included In the sale, the court having ordered it to be returned
to the manufacturers.
Kansas City Stock Yards.— Dividends Resumed.— The
company on Nov. 1 resumed dividend payments, paying a
quarterly dividend of 1^4 p.
V. 79, p. 508.
Lafayette Was Co.— Funding Coupons.—See Ohio &
Indiana Consolidnted Natural & Illuminating Gas Co. below.—V. 69, p. 1251.
Lake Snperior Corporation.— ZVcjo rruseee.—The United
States Mortgage & Trust Co. of New York has been appointed trustee under the mortgage of May 21, 1904, succeeding the Morton Trust Co., resigned.— V. 79, p. 1268, 1028.
Logansport & Wabash Valley Was Co.— See Ohio &
Indiana Consolidated Natural & Illuminating Gas Co. below.
c—
-V.
69, p. 1251.
Manhattan Telegraph Co.— J^trst Dit;idcn(J.—The company
first dividend of $2 per share on its stock.
paid on Oct. 20 a
declines, viz.:
Company.
Oo. IstM.
Logansport
6%
<k
Coupons
Total Bonds.
Indiana Natural
&
-.
Wabash
to be
Funded,
Oas
111.
$820,000
Nov., 1904, to May. 1907, inol.
Val-
1,690,000 Dec, 1904. to June, 1907, Inch
6% 960,000 Nov., 1904, to May, 1907, InoI
Ohlo&Ind.Oa80o.lstM.6%. 1,940,000 Deo., 1904, to June, 1907, Inol.
The debenture oertifloates for each issue will be secured by deposit
lev Co. Iflt M. 6%
Lafayette Gas Co. let M.
of the six ooupona of said Issue with the Central Trust Co. Interest
at 4 percent will be paid semi-annually on the regular interest dates
on the amount of the deposited coupons which from time to time shall
have matured.
The Holders of the $1,940,000 Fort
Wayne Gas
January and July),
not be asked to fund their coupons.
terest payable in
it
is
Co. 68 (instated, will
A circular says in part:
The earntuKB have recently been reduced, owing to the diminished
pressure of the natural gas supply; and extensive ohang«a and improvementH have become neot^ssary. Owing, undoubtedly, to the
great diminution In the presflure of the gas and the posulblilty of its
failure, the views of The company have finally been aocei>ted by th»
conRuniors and a systeui of meters has, at a very oonsldfritbie outlay,
been Introduced; even with the reduced iiressure. the advantageous
results are already apparent
It haa bIro bonu de»<raed advlsaiile to
Improve the plant, bv Increasing the machinery for raanufacturtng
Illuminating gas, and to adopt measures for ntlllzlns the oil which
generally increases as the Kas pressure lessenc. According to the
terms of our gas leasei, they may he terminated by the lessors nnloss
Accordingly, a l»rg«
steps are taken to b()re for and market tills oil
number of oil Bhafts have already been snnk and pumping stations
established; hut additional expenditures are required forthls purpose
aa well as for properly developing the full resources of the company.
—
—
THE CHRONICLE.
2()J)0
After oonferrlnK with soine o( the lar«<fl8t bondholders the directors
have unanlmouBly deolded to reooacim«nil to the bondholdura the
(nndlDK of their coupons for a period of three years. With the amount
tbas made avullable, It Is bellevel that the improvement') contemplated can be fully carried out and th!) earning oapaolty of the company satlsfaotorily determined and also largely Increased. Compare
V. 78. p. 227 and V. 76, p. 432.
Ontario Power Co.— Bonds Sold.—Toe company has sold
to Denison, Prior & Co. $1,000,000 40 year 6 p. c. first mortgage sinking fond gold bonds dated Feb. 2, 1908, and due
Feb. 1, 1943, but snbJHct to call within the first ten years but
not thereafter at 110 and interest interest payable at the
Canadian National Bank of Commerce, Toronto, or at its
agency in New York City, at the holder's option. At present 11,326,000 of the bonds have been issued and we understand the limit on the first 60,000 horse power to be $4,800,OOO, or |71'66 per horse pjwer.
The company is building its
power plant on the Canadian side of the Niagara River at
the foot of the cliff just below Horseshoe Falls and expects
to have a portion of the same in operation early next year.
John J. Albright of Buffalo is President.— V. 79, p. 1708.
;
I
Vol. Lxxix,
United Oas Improvement Co.—Betults in Philadelphia.^
See Equitable IllumiLating Gas Light Co. of Philadelphia.
Stock Increase by AHied Companies See Cansumers' Gas
—
Co., Rf-ading, Pa., above
low.— V. 79, p. 1730, 1026.
and Vlckeburg
(Miss.)
Gas
Co, be-
United States Electric Clock Co., New York.— Sold.—
This company's principal assets have b sen sold by Trustee
Wm. C. Rosenberg, with the approval of R-feree in Bankruptcy Nathaniel S. Smith, to Conrad Habert of the Amarican Electrical Novelty Mfg. Co., for $2 100, The trustee still
holds some small assets of doubtful value. The creditors
will probably receive in all about 10 cents on the dollar; the
shareholders will get nothing.
The company was organlz'^d under the laws of New York with
$500,000 of "full paid" stick, which it offered for sule In B iston in
January. 1902, at «6 per share; par $10. Subipqieatly $100,000 7 p.
c. preferred stock was authorlised
William M. Townsend was Treasurer. Plant at No. 304 Hudson Street, New York Oitv
United States Playing Card Co., Ciuelnnatl.— Dividend
Increased.— £he directors have authorized an increase in the
annual dividend rate from 7 to 8 p. c, making the quarFarafflne Oil Co., Beanmont, Tex.— Dmiends.— This
terly distribution on January 1, 1905, 2 per cent.
The comcompany, the first in the Batson, Texas, oil field, paid pany has outstanding
$3,012,000 capital stock ($8,600,000
its
|10,000
a third dividend, 500 per cent, October 5, on
authorized, par of shares $100). No bonded debt.
capital stock, making 2,000 p. c. paid since last May, 1,000
The United States Printing Co. and the United States Lithograph
p.c. having been distributed in June and 500 p.c. in August.
Co. are allied corporations, John Omwake being President of all three
The company recently sold some 860,000 barrels of oil to the Texas Cnmpany corporations. (Compare V. 78, p. 2390, and V 70. p. 479
The Play(V. 7S, p 101), and It was said was producins 2,000 barrels of oil a day. Its tlrst ing Card Co. was incorporated under the laws of New Jersey In July,
well began flowing on Oct. .si. Iw08.
Texas Company or Its friends were
)
The
reported last February t'l have acquired a large. If not a controlling. Interest
In the capital stock, paying as bigh as »2fl.000 per $600 share. The "Houston
Post" on Feb. i8, 1804, said
"Trie ParafiBne Oil Co. was organized in this city
last summer, capitalized for $lo,o0u, divided into sixteen and two-thirds
shares of $bOu each. Later, when the first big gusher came in, an assessment
of JS.OO per share was levied In cider to procure funds for further development and io acquire additional la ds. A total of 880 acres is now controlled
by the company In addition, it has four wells and oil In storage tanks."
S. W. Pipkin, of Beaumont, is President. Judge W. L. Douglass, of Beaumont,
organized the company.
:
I
People's Telephone Co., Birmingham, A\&.—Neu) Bonds.
shareholders recently votea to cancel the existing
authorized issue of $100,000 bonds of 1902 and to authorize
a new issue of |200,000 five per cent 20-year gold bonds.
The company was organiEed on June 16, 1900, under the laws of
Alabama, with $200,000 of authorized capital stock. H. H. Stambaagh
of Youngstown, O Is President; W. H. Haeslnger, Birmingham, Ala.,
Secretary; W. B. Harper, Birmingham, Ala., General Olanager. The
— The
1904.
United States Printing Co., rincinnatl.— Dividend Increased.— The directors on Oct. 28 increased the dividend
on the $3,376,300 stock from 4 to 5 p. c. per annum, declaring
a quarterly distribution of IJ^ p. c, payable Jan. 15. The
Cincinnati "Inquirer" says:
Business has so inoreaeed during the past year that it was decided
to increase the plan"; at Brooklyn, N Y., by erecting an additional
label building of six stories and ISO feet square at a cost of $100,000.
—See
V. 78, p, 3890.
United States Steel Corporation.- Prtees.- The "Iron
A«e" in its review for the week says: The improvement
which started with pig iron is working its way steadily into
other lines. Consumers are now paying a premium of 50c.
to $1 a ton on billets and sheet bars over the agreed price.
bonds will be a flrst lien on all the company's property; $100,000 will
be Issned and sold to take up all oatstandlna; indebtedness; remaining The buying of tubes and wire is phenomenal, while sheets
$100,000 will remain in the company's treasury to be need to pay for also are very strong. A further decided improvement has
future extenslona and new construction as needed from time to time. occurred in plates and structural material. The movement
Pittsburgh Coal Co. Seven Mines Acquired Under in structural material has been somewhat slow, but it is now
Lease.— The
company has acquired under lease the showing a much better condition. The steel rail trade is
coal properties, including seven mines having a monthly looking up. The Louisville & Nashville RR. Co. has placed
output of about 250,000 tons secured by the Wabash RR. an order with the Tennessee Coal, Iron & RR. Co. for 50, COO
Co, through the purchase of a controlling interest in the tons for delivery next year, subject, it is believed, to the
Pittsburgh Terminal RR. & Coal Co. (V. 79, p. 1024 V. 78, price which may be made by the associated rail makers. The
President Robbins is quoted as stating that the lease tube manufacturers have made another advance of $3 per ton
p. 708).
on merchant pipe, effective Nov. 1; this is the second advance
is for 40 years, without option of termination by either party,
and that possession will be taken at once. The report that of $2 per ton in two weeks,"
Dividends. —The report of the Minnesota Railroad Comthe rental is on a royalty basis of ten cents per ton is not
confirmed. In return the coal company, it is understood, mission for^the year ending June 80, 1904, shows that the
Daluth & Iron Range RR. Co. and the Daluth Missabs &
agrees to give the Wabash a certain tonnage to carry.
Scrip CaWed. —The preferred stock scrip (about $537,000) Northern Ry. Co., whose entire capital stocks are owned by
issued last January in payment of the quarterly dividend on subsidiaries of the United States Steel Corporation, declared
during the year dividends of 150 p, c. from accumulated
the preferred shares has been called for payment on Nov. 25
viz.:
Payment of Notes.— Oi the $4,500,000 notes issued in con- surplus, the total amount so paid being $8,268,750,
I>iridend
Surplus
Oapital
nection with the purchase of control of the Mononttahela
Bematnino.
Stock.
150 p c.
River Company, the first annual instalment, $1,500,000, ma- Dulnth & Iron Range BR
$3,0u0.000 $4,500,000 $1,4154,877
DnluthMlB8abe& Northern Ry... 2,612,500 3,763,750 3,163,565
tured and was paid on Nov. 3.
'
,
;
For the year ending June 30, 1904, the Duluth & Iron Range earned
Prices.— A press report says:
"The new schedule of
gross. $4,003,215, contrasting with $6,031,879 in 1902-3; surplus over
bituminous coal prices, made effective Nov. 1, represents fixed
charees, $ ,032,470. against $2,5t>6,171. The Dalath tflesftbe &
an advance of 35 cents a ton on all grades. The price of Northern Ry. reports grosi, $3,701,416. contrasting with $3,116,530
rnn-of-mine coal, recently advanced from $1 06 to $1 15, is In 1902-3; surplus over fixed charges. $1,142,431. against S2,396,65S
in 1902-3. [The dividends of the Duluth & Iron Range RR. prior to
now placed at |1 50 a ton f. o. b. mines at Pittsburgh."
1900 aggregated 100 p. o in 1902, 6 p. c. The O. M. A N has also
V. 79, p. 216.
previously paid a considerable amount In dividends at Irregolar In;
Spanish-American Light
CaZted.- The $500,000
& Power
Co.,
Cons.— Bonds
mort. bonds of 1888 will be paid at
105, American currency, on presentation at the Spanish
Bank in Havana, together with coupon of Nov. 1, 1904.— V .
first
tervals.]-V. 79,
p.
1481, 1288.
Yiobsbnrg (Hiss.) Gas Co.— New Stoek.—The capital stock
has been increased from $181,000 to $250,000. The property
is operated under an operating agreement by the United Gas
Improvement Co. of Philadelphia. Compare V. 79, p. 498.
79, p. 969, 107.
Westlnghonse Electric & Manafaetaring Co.— Pr«e«.—
Standard Roller Bearing Co., Philadelphia.— Sfocfc.— The associated Westinghouse interests of the United States
Of the authorized capital stock as recently increased from and Europe, which are said to be the largest exhibitors at the
$1,000,000 to $3,000,000, $1,000,000 is to be 6 per cent nonSt. Louis Fair, have received twenty-six awards, including a
cumulative preferred outstandiDf^ $800,000 each of preferred
special award for the best and most attractive exhibit and
and common; par of shares $50. There are no bonds or twelve grand prizes for steam turbines and gas engines, railmortgages. The company was incorporated in New Jersey
way appliances and electrical apparatus. V. 79. p. 1957, 1036.
in April, 1901, and in June, 1902, bought out the Grant
Roller Bearing Axle & Wheel Co. of Springfield, O. ComThe reorganizition of the Chicago banking firm of E. L.
pare officially confirmed statement in V. 79, p. 906.
B. Richardson and
Lobdell & Co, is announced. Messrs.
Texas (The) Company.— See ParaflBne Oil Co. above.—
Vincent Baker have, through the expiration of former
;
—
—
V. 78,
H
W.
p. 101.
copartnership agreements, retired from the firm. Mr. W. H.
Tonopah(Nev.) Water Co.— Bonds —An issue of $250,000 McDoel, President and General Manager of the Chicago
of 10-year 6 p. o. bonds has been made, to provide for the Indianapolis & Louisville Riiilway, eaters the firm as a
establishment of a plant at Rye Patch, Nev. E. Q. Wheeler special partner, the general partners being E. L. Lobdell
is President and W. H. Chickering, Secretary, No. 222 Sanand E. D. Winslow, and the name of the firm continuing as
eome St., San Francisco.
heretofore.
—
Capital stock, $1,000,000, all outstanding, par of shares $1. Above
bonds dated July 1, 1902, and due July 1, 1912, but subject to call at
company's option any ilme at par; denomination $2,000, gold; Interest
payable Jan. 1 and July 1 at oSloe of Mercantile Trust Oo. of San
Co. invite the attention of investors to their
Sutro Bros.
offering of Westchester Ligtiiiag «Jo. first mortgage 5 per
Francisco, the trustee. Present capacity of plant 400,000 gallons per
diem wl'h auxiliary for 400,000 additional when needed. Water, 13
miles from Tonopah, elevated to point near Tonopah by pumping and
by gravity from reservoir to town. Reservoir capacity 200,00 J gallons.
bonds and United RRs. of San Francisco 4 per cent bonds.
Particulars are given in the advertisement in another column.
— Messrs. Henry M. Sweeteer & Co. of Evansville, Ind.,
have removed from 817 Upper Third Street to the lower
Unioutown (Pa.) Electric Light & Power Co.— New Stockhas been increased from $50,000 to $375,000.
—The stock
&
cent bonds. Western Maryland
floor of the
Bayard Building,
first
at 316
mortgage 4 per cent
Upper
First Street.
:
Nov.
THE CHRONICLE.
5, 1904.]
%zi(KOxts
2091
Kn& ^ocxxmtnts.
BUFFALO & SUSQUEHANNA RAILROAD COMPANY.
TENTH ANNUAL REPORT—FOR THE YEAR ENDED JUNE
Buffalo, N. Y., September 15, 1901.
To the Stockholders and Bondholders of the Buffalo & Hus
quehanna Railroad Company
The report of the Directors, herewith presented, relating
to the financial affairs and operations of your Company for
the fiscal year ended Jane 30, 1904, gives evidence of the
ability of the property to earn a substantial surplus over
and above all charges for interest on the funded debt and
dividends on its stock at the usual rates, notwithstanding
that the fiscal year has been the most trying for the oper-
ating department in the history of the Company. The winter of 1903-4, admittedly the most severe in years, was the
occasion of serious restrictions in the movement of traffic,
and at the same time was responsible for a considerable increase of operating expenses.
The loss by fire of the Lackawanna Lumber Company's
plant at Cross Fork and the Goodyear Lumber Company's
plant No. 2 at Austin cut off important sources of revenue
for about four months. The mills destroyed have been replaced by others^ and at this writing the outlook for a lucrative lumber tonnage for the current year is most gratifying.
We are
pleased to be able to report that the plans for securing a large coal tonnage and extension of the railroad
lines, briefly touched upon' in the Annual Report for 1901,
and explained at length in the reports for 1903 and 1903 are
now being rapidly consummated.
BUFFALO & SUSQUEHANNA RAILWAY.
After considerable preliminary engineering work, the Buf
falo & Susquehanna Railway Company has succeeded in
getting an exceptionally favorable location for its railroad
Practically all of the
between Buffalo and Wellsville.
right of way has been bought and paid for and construcAt this writing the
tion work is progressing satisfactorily.
grading is about one fourth completed and the erection of
bridges and other structures is well under way. It is believed that the road will be finished and ready to operate
through to Buffalo about July 1, 1905. This line vrill be far
more economical to operate than any road in our territory
with which it will come into direct competition; and it will
have the further advantage of passing through a rich agricultural country, from which a considerable local freight
and passenger traffic will be drawn.
The excavation of the ship canal and the construction of
docking facilities on the terminal grounds at Buffalo are far
advanced, and the contracts provide that this work shall be
completed by the date f the opening of navigation on Lake
Erie in the spring of lOO*).
It will be remembered that this Company is the owrer of
substantially all of the common stock of your Company, and
that, in accordance with contracts duly executed, upon completion of its line, the Buffalo & Susquehanna Ry. Co. is to
lease the lines of your Company, guaranteeing interest and
principal of its debt and the payment of the four per cent
dividends upon its preferred stock.
As owner of the Common Stock of your Company, the
Buffalo & Susquehanna Railway Company will be entitled
after the execution of the lease to the earnings of your
Company remaining after the payment of the charges and
of the dividends on the Preferred stock. These earnings have
averaged for the pa^t five years about $250,000 a year, or
more than the interest upon the $5,000 000 of four and onehalf per cent bonds that have been sold by the Buffalo &
Susquehanna Railway Company to defray the cost of its
terminals and the construction and equipment of its line of
<
road.
The Buffalo
&
Susquehanna Railway Company will
also
be in receipt of a substantial income from the operation of
its own line of road and terminals.
It is expected that by
July 1, 1905, or very soon thereafter, the Buffalo & Susquehanna Railroad Company's proprietary coal properties, and
those of independent operators located on its line, will be
producing coal for shipment at the rate of about 1,000,000
tons per annum, of which at least 500,000 tons should go
to Buffalo.
It will be remembered that the Buffalo
Susquehanna
Iron Co. is pledged to acquire its entire supply of coal and
&
coke from mines located on the Buffalo & Susquehanna RR.
These furnaces alone are expected to consume annually,
when in full operation, from 200,000 to 300,000 tons of coal
and coke. It may be noted here that the furnace plant is
fully completed and is expected to go into blast at an early
date. This plant, constructed by an independent but closely
Note.— Tlie
relations existing
Railroad Coinpany and
between the Buflalo
Its sut'Slrtlary jiurt
aftlllatcrt
&
Susquehanna
coinpantes are so
and lnt«rwoven tli.-it It Is doomed advlsal)le to refer occasionally
throughout th's report to the affairs of those corporations, In order
close
that a better understanding; of the Hituiitlon may l>e liad. It hIiouUI be
unddrstood, however, til- 1 this renort treats only of the operations
and
financial aftairs of tlie HuffaloA Susciuehanna Railroad
Quless otherwise specifically stated.
Company,
30,
1904.
a cost of over §4,000,000, owning its
ore supply in the Mesabi and Menominee ranges, is
stated by experts to be the finest of its kind ever erected.
Its location on the lake front at Buffalo, on property immediately adjoining the terminal property of the Buffalo
Susquehanna Ry. Co. and the great plant of the Lackawanna
The personnel of the
Steel Co., is admittedly strategic.
management assures the best technical and business results.
Mr. W. A, Rogers of the well-known firm of iron merchants,
Co., being President of the comMessrs. Rogers, Brown
pany, and Mr. Hugh Kennedy of the well-known family of
iron masters, being General Manager. Your company is to
be congratulated on having been able to bring about this
alliance with a concern that will be a large customer for its
coal and of its railroad.
Among the statistical exhibits may be found a balance
Susquehanna Ry. Co. as of June 30,
sheet of the Buffalo
1904, and a statement of resources and their application
from the organization of the company to June 80, 1904. It
Susquewill be noted that at the date named the Buffalo
Southern
nanna Ry. Co. was loaning to the Snsquehanna
Ry. Co. $660,000. This advance will be repaid on or before
affiliated corporation, at
own
&
&
&
&
&
January 1st, when the Susquehanna & Southern and Buffalo
& Susquehanna Railroad companies are merged, the necessary financial arrangements to this end having already been
made by the sale of the bonds of the Buffalo & Susquehanna
RR. Co. to be issued in part payment for the Susquehana &
Southern RR., as explained on this p^ge.
NEW RAILROAD LINES IN PENNSYLVANIA.
The extension to the coal fields, which has been under
construction for the past two years,
couipleted.
Shipme^
ts
of coal
is
now
substantially
have begun, and the road
south as Du Bois will, it is expected, be in regular
operation by Oct. 15. We are reaching, therefore, by our
own lines our mines at Medix Run, Tyler and Du Bois, and
by Jan. 1, 1905, unless some unforeseen difficulty arises, we
should be prepared to handle coal from our Sykesville plant.
These various developed operations have a shipping capacity
of about 1,001', 000 tons of coal per annum.
This line of road to the coal fields has been built under the
charter of the Susquehanna & Southern RR. Co. It is expected to consolidate this company with the Buffalo & Susquehanna RR. Co. on or before January 1, 1905. After the
date of the consolidation, all of the earnings of this railroad
will, of course, accrue to and be reported with those of the
parent lines.
The cost of the Susquehanna & Southern RR. has been
large, but we believe the resulting economies in operation
have secured
will fully justify the initial expenditure.
a low-grade line, the maximum gradient against the traffic
being only 26 feet per mile, while the maximum curvature
There are three tunnels, aggregating 2,500 feet
is 8 degrees.
No timber
in length. There are 2,800 feet of steel bridges.
trestle work has been employed, solid earth embankments or
The track is laid
steel bridging having been used instead.
with steel rails weighing eighty-five pounds to the yard.
When the improvements contemplated on the line in Potter
County have been made, equally favorable grades will prevail
right into the City of Buffalo, with the exception of two
sammits, which will be crossed with much easier grades than
those of any oiher line in the san:e territory.
In payment for this line your company will give $941,400
of its common capital stock, $1,350,000 of its first refunding
4 per cent bonds, and the balance in cash; the cash being
part of the proceeds of the $3,000,000 preferred stock sold in
1902 and 1903, the remainder of the proceeds of this stock
having been invested in the purchase and development of
the company's coal properties.
A further extension southward through the coal lands of
the Buffalo & Susquehanna Coal & Coke Co. lying between
Sykesville and South Bend, a distance of about 50 miles, is
The surveys are now well advanced and
in contemplation.
estimates of the cost of construction are being prepared.
As in the case of all new construction heretofore, however,
this extension will be independently financed and not merged
with the parent company until completed and ready to furnish business such as will not only yield a good return on the
cost but will also make a substantial addition to the income
of the parent company.
No actual construction work has been started on the proposed cut-off which was referred to on page 5 of the annual
report for last year. Several lines have been located. The
line found to be the most satisfactory would leave the main
line at Austin, run through the town of Coudersport. Pa.
(the county seat of Potter County), and connect with the
main line at Hickox. 12 miles sonfh of Wellsville. On this
line, although a tunnel about 5,00() feet in lenfith would be
necessary, the grades and curvature would be exceedingly
favorable for operating.
With this location the railroad, when completed from Du
Bois, Pa., to Buffalo, N. Y., will be a little longer than comas. far
We
:
THE CHRONICLE.
2092
peting lines, but the
disadvantage in distance will be
ability to handle much larger trainloads than any other line. To this advantage we have the
added one of forming a connecting link in the most direct
route from the bituminous coal fields of Western Pennsylvania to the Eastern markets via Addison or via Wellsville.
more than
offset
eliglit
by our
COAL PROPERTIES.
In the last aunual report reference was made to investigations then under way lookmg toward the purchase by th- Buffalo & Susquehanna Coal
Coke Co. of additional coal land.
These investigations showed sach exceptionally favorable
results that a large tract located in the Plumville region
was bought. Conservatively estimated this land contains
56,000,000 tons of excellent bituminous coal.
In the annual report for 1903 It was stated that the "Peale,
Peacock
Kerr Purchase," commonly known as the Sykesville Plant, had been sold to the Buffalo
Susquehanna
Iron Co. Title to this land was conveyed to the Powhatan
Coal & Coke Co., a subsidiary corporation organized by the
Iron Company for the purpose of holding property in Pennsylvania. Early in the present year the Iron Compauy determined to acquire additional coal and coke properties, and
ultimately the Tyler Plant was sold by the Buffalo & Susquehanna Coal
Coke Co. to the Powhatan Coal & Coke Co.
In order to simplify tlie arrangement financially and to better its position for controlling the traffic, the Buffalo &
Susquehanna RR. Co. has acquired all of the capital stock
(except seven directors' qualifying shares) and all of the
mortgage obligations of the Powhatan Coal & Coke Co. A
contract running for 50 years provides in brief that the entire output of coal and coke from the Tyler and Sykesville
plants shall be produced under the direct supervision of the
Buffalo & Susquehanna Iron Co., shall be sold by the Powhatan Coal
Coke Co. to the Iron Company at cost, and
shall be shipped over our lines of railroad.
As the price at which this coal and coke are to be sold
includes interest charges on the mortgages of the Powhatan
Company and also liberal sinking funds for the retirement
of the mortgages, the Buffalo & Susquehanna RR. Co. not
only has its investment amply secured, but will receive a
reasonable income as well. Furthernaore, a steady remunerative traffic of not less than 250,000 tons of coke and
coal per annum, which will pass over nearly the entire
line, is assured, while preference will be given to our railroad on shipments of manufactured product from the furnaces at Buffalo. On the other hand, the Iron Company has
accomplished its object of securing an ample supply of coal
and coke at first cost.
Shortly after acquiring the Tyler property the Powhatan
Coal & Coke Company began to dismantle the old coking
plant. It is now constructing a new and thoroughly modern
plant consisting of 200 bee-hive ovens. The machinery is
being overhauled, and new tipples and economical handling
and shipping facilities are to be installed. The work on the
Sykesville property has been progressing satisfactorily the
shaft being completed and necessary machinery installe'd, &o
that for some months coal has been produced for the company's own use. The coKing plant is to b^ a modern one,
consisting of 400 bee hive ovens. Both the Tyler and the
Sykesville plants will be ready to produce coke on or before
&
&
&
&
&
January 1 1905.
The Buffalo & Susquehanna Coal
its Da Bois No. 2 plant, and coal
&
Coke Co. has
finished
is being shipped.
This
plant is practically a duplicate of Du Bois No. 1 plant, both
including all modern facilities for producing coal at the
lowest possible cost. These plants can easily produce 300,000 tons of coal each per annum. At Medix Run a drift
mining plant has been constructed and is now producing
some coal, but two or three months will elapse before adequate railroad facilities can be provided for delivering the
output to the main line in any considerable quantity.
At the close of the fiscal year the Buffalo & Susquehanna
Co^l & Coke Co., as it is conservatively estimated, owned
lands and mining rights containing 100,000,000 tons, and the
Powhatan Coal & Coke Co. owned lands containing 26,000,000
tons of bituminous coal. On these properties are located
three modern coal-producing plants in operation and two
modern coal and coke— prod ucting plants nearly completed.
Other plants will be constructed and ready for shipping by
the time the Hue of railroad beyond S>kesville can be extended to them.
RESOURCES AND THEIR DISPOSITION.
seems proper
at this point to present a concise stateof the disposition that has been made of the new
capital that has been raised during the past threa years for
the purpose of acquiring securities of coal companies and
the construction of new railroad lines in Pennsylvania. To
make the statement complete a memorandum is included of
the resources in hand on June 30, 1901, and of the resources
derive! from earnings and the use of working assets. In
order that the total investment in coal properties may be
shown in the disposition of resources, we have included as a
resource the $260,000 that had been expended prior to June
The statement is as follows:
30, 1901.
It
ment
Rksourcbs—June
30, 1901—
On hand June
30, 1901, to
Jdnb
30, 19C4.
Cash from bond sales
Uninvested Sinking Fund
Purchase Money Mortgage on property of Buffalo
Susquehanna Coal & Coke Co. at Tyler, Pa
Total
Reeouroes Provided Since June 30, 1901—
Bonded Debt— Net Increase
Preferred Stock
Net Working Assets— decreased
Surplus Earnings after paying all charges
dividends
$840,879
245,095 54
100,000.000 tons of bituminous coal.
Powhatan Coal & Coke Co. Securities
The propcrtifcfl of this company, estimated
1,790,001 CO
be
to
underlaid by 26,000,000 tons of bituminous coal,
are leased to and operated by the Cascade Coal <fe
Coke Co., a subordinate corporation of the Buffalo
& Susquehanna Iron Co. There are 600 coke
ovens In process of erection on these properties.
The cost of these and of other development work
Is included in the above figure of cost.
Susquehanna & Southern RR.—
Advances pending merger
1,310,000 00
Total
,
„
Oostof Keystone Store Co. Capital Stock
Cost of Road and Property— increased
$4,790,48790
50,000 00
172,286 68
20,200 44
144.924 78
Equipment
Fuel, Material and Supplies— increased
Sinking Fund, 4 per cent Bonds
12,988 15
Grand Total
$5,190,887 95
MILEAGE.
No changes occurred during the year in the main line
mileage. The average miUage operated was 17253 miles.
INCOME AND PROFIT AND LOSS ACCOUNTS.
The following is a comparative summary of the operations
of the
company
for the fiscal year:
Yeab Ended
Jttne 30.
.
1904.
Gross Earnings
962,696 18
Operating
Expenses
Increase.
P. O.
.
1903.
Amount.
1,000,752 39
*38,056 21
*3'80
635,50004
568,292 98
67,207 06
11-83
827,196 14
Other
173,893 52
432,45941
'105,263 27
*24-36
100,335 08
73,558 44
73*28
501,089 66
532,79449
*31,704 83
*5 95
157,384 46
573 77
147,902 50
2 00
9,481 96
6-41
from Available Income
157,958 23
Net Income for Fiscal Year
343,13143
147,904 50
10,053 73
6-80
384,889 99
*41,758 56
*10 85
and Taxes
Net Earnings from Operation
Income
from
Sources
Total Available
come
Interest
Debti
on
In-
Funded
Other Deductions
571 77
Total Deductions
the Net Income for the year
There were paid four dividends of 1 per
cent each on the Preferred Stock, amount-
ing to
$343,131 43
$120,00000
And there were
paid four dividends of IH
per cent on the Common Stock, amount-
Ingto
175,90000 295,900 00
Leaving a balance of
$47,231 43
*Deorease.
The ratio of operating expenses and taxes to gross earnings in 1904 was 66-01 per cent, as compared with 56-79 per
cent in 1903 and 58-55 per cent from the date of commencement of operations, October, l'«93.
The ratio of fixed charges (interest on bonds and rentals
of leased lines) to total income available for tliat purpose in
1904 was 31-44 per cent, as compared with 27-76 per cent in
1903 and 35-31 per cent from the date of organization to June
30, 1904.
FINANCIAL CONDITION.
In the comparative balance sheet all known assets and
liabilities of every character are stated.
Contingent assets
and liabilities are amply provided for in the several reserve
accounts. The excess of working assets over working liabil-
amounted to $147,785 38.
The statement of resources and their application on page
26 of pamphlet report shows the important changes in the
financial affairs of the company during the fiscal year.
As previously stated in this report, this company has acquired all of the securities of the Powhatan Coal & Coke Co.,
ities
excepting only seven shares of directors' qualifying stock, as
follows
Capital Stock (par $99,300; carried on books at nominal value)
$100
First Mortgage on Sykesville Plant
$1,000,000 00
Second Mortgage on both Tyler and Sykesville Plants..
530,000 00
The Powhatan Coal & Coke Co. has assumed both princiand interest of the First Mortgage on the Tyler plant,
amounting to $260,000, which previously was carried by the
00
Buffalo & Susquehanna RR. Co. as an obligation due from
14 the Buffalo & Susquehanna Coal & Coke Co.
55,879 14
260,000
and
The properties of this company are entirely unincumbeied. They are estimated to be underlaid by
$525 000 00
&
_
iJOSO.SOOOO
3,000,000 00
115,413 27
Grand Total
$5,190,887 95
Disposition of Resodrces— June 30, 1901, to Jcne 30, 1904.
Coal Proporties—
Buffalo & Susquehanna Coal & Coke Co, Securities
$1,690,486 90
From
,
Vol. Lxxix,
[
pal
Nov.
Powhatan Co. and
$260,000 mortgage assumed by the
^o- represent the cost
the $530,000 mortgage of the Powhatan
and the $1,000,000 mortof theSykesviUe and Tyler properties,
means for the conthe
provides
Co.
Powhatan
the
gage of
plant and thereSykesviUe
the
of
equipment
Itruction and
sinking fund clause provides,
building of the ryler plant.
fourteen cents a ton, rein brief, that eight cents a ton and
coke shipped from or used
spectively, on each ton of coal and
ton on coal and fifteen
at the Tyler plant, and ten cents a
or used at the Sykesville
from
shipped
coke
on
ton
cents a
to the trustee, and such
plant, shall be paid over annually
principal of the
funds shall be treated as a reduction of the
Powhatan Co.'s mortgages. In addition to the smkingfundB
Coke Co., the Buffalo
Coal
to be provided by the Powhatan
Susqaehanna RR. Co also contributes at the rate of three
lands purchased from the
cents per ton of coal mined from all
Bonds issued under
Mortgage
Refunding
First
its
proceeds of
The cash received by
Article I, Section V, of the mortgage.
used iq purchasing
the trustee from the latter source is to be
Buffalo
and retiring First Refunding Mortgage Bonds of the
source will be
& Susquehanna RR. Co.; that from the former
issued under
available for any use for which bonds can be
The
A
tons of revenue freight carried per freight train mile decreased from 126-42 to 12510 tons, or 104 per cent.
The mileage of revenue passenger trains (including onefourth of mixed trains) decreased from 220.249 miles to 217,363 miles, or 1-31 per cent. The average distance that each
passenger was carried increased from 15-68 miles to 16-17
miles, or 3 13 per cent. The average number of passengers
carried per passenger train mile increased from 2'J to 22, or
10 per cent.
&
&
the said mortgage.
CAPITAL STOCK.
during the year in the amount of comoccured
changes
No
mon or
2093
THE CHRONICLE.
5, 1904.]
preferred capital stock outstanding.
FUNDED DEBT.
During the fiscal year the amount of outstanding First
Mortgage 5 per cent bonds was reduced by the retirement
fund and the
of $32,00a through the operation of the sinking
exchange of $14,000 for an equal amount of First Refunding
Mortgage 4 per cent bonds. The amount of First Mortgage
$310,500.
5 per cent bonds outstanding at Jun-^ 30, 1904, was
The First Refunding Mortgage Bonds outstanding were
increased during the year by the issue of $1,047,000 of bonds
for the following purposes
Purchase Money
..---.
To provide funds for the purchase of th-i Coke
$1,000,000
Co
Firet Mortgage of the Powhatan Coal &
retirement
the
tor
Fund
To provide funds for the Sinking
3d,O0O
-•
of 5 per cent bonds due October 1,1904. --.......
In exchange for an equal amount of First Mortgage 5 per
^^''^"^
cent bonds
:
OPERATING EXPENSES.
The increase in cost of Maintenance of Way and Structures was occasioned principally by the charging of a larger
amount than last year to cover estimated depreciation of
In this connection it may be stated that the estimated
depreciation of rails and ties is charged to operating expenses
currently, and the contra credit is carried to "Renewal
Reserve Fund." During the fiscal year 43,05 cressties were
used in renewals, or about 8 per cent of the total number in
track; and 978 tons of new 80 and 85 pound rails were laid
The usual amount of
in place of lighter rails taken up.
ballasting, straightening track, ditching, and repairs to
buildings, fences, etc.. was done.
The locomotive mileage increased 8-34 per cent as compared with the previous year, which accounts for a part of
the increase in cost of Maintenance of Equipment, the remainder bein^ occasioned by increased cost of both labor
and material.
The increase in cost of Conducting Transportation was
brought about principally by higher wages paid train crews
and station labor and a general increase in cost of all kinds
of material and supplies, especially locomotive fuel. The
increase in both tram and locomotive mileage was also a
considerable factor.
The increase in General Expenses was practically all for
insurance and legal expenses.
Taxes increased 37-72 per cent, principally because the increased amount of preferred stock was outstanding the
whole year as compared with but a part of the previous year.
rails.
PHYSICAL CONDITION.
About 65 per cent of the track is laid with 85 pound and
80-pound rails, 10 per cent with 70-pouQd and the remainder
with 67-pound and 65-pound and a small quantity of 60As soon as conditions make it advisable, the
$1,047,000 pound rails
Totallssued
smaller sizes will be replaced with 80-pound and 85-pound
The amount of First Refunding Mortgage 4 per cent bonds rails. All sidings and spurs, as well as all main track, are
issued to June 30, 1904, was 4,356,000, of which $74,000 re- laid with steel.
mained in the treasury and |13,000 were held by the trusThe road-bed is well drained and ballasted with gravel
tee, having been purchased from sinking fund contributions. and cinders.
During the last year a small quantity of
this
made
Following our usual practice, the reservations
rock was used for ballast, and it is expected that
crushed
year for the sinking fund have been constituted a charge during the coming year a considerable quantity of this kind
against th^ earnings of the Buffalo & Susquehanna Coal & of ballast and coarse gravel will be placed in the track. The
Coke Co., and consequently they do not appear in the fixed track and bridges are in good condition and capable of supcharges of this company, although the payments to the porting the heavier traffic that will come from the new
sinking fund trustees are made through this company, and lines. Station buildings and other structures are generally
in turn have been collected from the Buffalo &Susquenanna ia good repair.
Coal & Coke Co. But in view of the fact that the lands
At the close of the fiscal year there had been contracted
subject to sinking fund charges have been sold to the Pow- for 7 freight locomotives, 3 passenger locomotives, 350 steel
hatan Coal & Coke Co, this company will in future handle coal cars and 150 steel self-dumping coke cars, all of which
the matter direct, and its Income Account will be charged are to be delivered during the coming fiscal year.
accordingly.
All equipment owned is in excellent condition and in use.
TRAFFIC.
.
of tons of revenue freight carried decreased
fiom 1,339,183 to 1,327,809, or 085 per cent. Tons of revenue
freight carried one mile increased from 43,517,126 to 44,491,Freight earnings per mile of road
861, or 3 24 per cent.
decreased from $1,781 37 to $4,550 89, or 4-82 per cent. Average earnings per ton of revenue freight carried decreased
from 61-60 cents to 59-13 cents, or 4-01 per cent. Average
earnings per ton per mile of revenue freight carried decreased from 1-896 cents to 1-765 cents, or 6-91 per cent.
The number of passengers carried increased from 275,545
to 298,563, or 8-35 per cent. Number of passengers carried one
mile increased from 4,330,556 to 4,827,()39, or 11-74 per cent.
Passenger earnings per mile of road increased from $740 57 to
The number
$791 80, or 6-92 per cent. Average earnings per passenger
carried decreased from 46370 cents to 45-76u cents, or 1*33
per cent. Average earnings per passenger per mile decreased
from 2-957 cents to 2-830 cents, or 429 per cent.
The decrease in freight earnings was occasioned almost
entirely by the temporary falling off in lumber shipments. The
revenue received from all kinds of freight, other than lumber and bark, increased 11 per cent, and the tonnage increased 23 per cent. This shows a satisfactory growth along
the line of a diversity of business of a higher paying class of
traffic.
GENERAL REMARKS.
During the year no accidents happened to passenger trains
and no passengers were injured. No expensivefreight wrecks
occurred and the company was unusually free from minor
accidents.
The books and accounts have been examined as usual by
and their certificate is incorpo-
certified public accountants,
rated in this report.
By order
of the Board,
F.
H.
GOODYEAR,
Chaxrvian.
PATTERSON, TEELE & DENNIS,
Oertified Public Aceountantf.
30 Broad Street, New York.
301 N. Charles Street, Baltimore.
131 State Street, Boston.
16 E. Broad Street, Columbus, O.
Cable address
To
*
Diguus."
the Stockholders
New York, August 32,
and Bondholders of the Buffalo
1904.
4b
Sua
quehanna RR. Co.:
crease very materially because of the establishment of the
have made an examination of the books and accounts
We
line of road into the coal regions. Since the close of the fls
of the Buffalo & Susquehanna RR. Co. and of its affiliated
cal year coal has begun to move to a slight extent, and after corporations, viz.: The Buffalo & Susquehanna Ry. Co., SusOctober it will become an important feature. It is expected quehanna & Southern RR. Co., Buffalo & Susquehanna Coal
that in the course of the next two years the coal and coke & Coke Co., Powhatan Coil & Coke Co., Keystone Store Co.,
tonnage will constitute about 50 per cent of the total frei^^ht for the fiscal year ended June 30, 1904, and hereby certify
traffic, instead of but 4 per cent at present.
that the Balance ?iheet and Income and Profit and Loss AcThe efforts of the Traffic Department to increase passen- count published herewith are in accordance with the books;
ger earnings have brought forth favorable results.
and we have satisfied ourselves that they accurately set forth
The mileage of revenue freight trains (including three- the results of the year's operations and the financial condifourths of mixed trains) increased from 344,315 miles to 355,- tion as on June 80, 1904.
663 miles, or 333 per cent. The average distance that one
Patteeson, Tekle & Dennis,
ton of revenue freight was carried increased from 82-50
Certified Fuhlic Accountants.
miles to 3351 miles, or 311 per cent. The average number of
During the coming year the freight density should
in-
THE CHRONICLE.
20D4
[
COMPARATIVE CONDENSED BALANCE SHEET A8 OF JUNE
ASSETS.
June
Costof Road aud Property
RoUing Equipment
and Leasehold Interest, Leased Lines...
RoUIng Equipment, Leased Linos
Buffalo
& Susquehanna Coal & Coke
Purchase Money Mortgage
Purchase Money Notes
less sinking
30, 1903.
$5,716,901 13
506,321 84!
3,223,222 97
183,200 00
$179,950 00
3,250 00
183,200 00
,690,486 90
615,486 90
1,140,000 00
fund applied
$252,658 47
$550,486 90
Powhatan Coal & Coke Co., viz.—
Purchase Money Mortgage
Capital Sto.k (nominal value)
]
100
Co., Capital Stock
Capital Stock In Treasury (per contra)
Mortgage
4 per cent Bonds in Treasury (per contra).
First Ref.
First Ref. Mortgage 4 per cent Bonds in Sinking Fuads
1,790,001 00
Common
50,000 00
25,000 00
1,037 500 00
1,037,-500 00
74,000 00
$12,000 00
988 15
Uninvested Sinking Funds
400,000 00
319,513 10
$90,000 00
«35,000 00
Total Invested Assets
190,942 31
240.769 35
$11,545,951 49
$171,497
85.852
7,4 23
15.539
2,660
210 146
,
.
LIABILITIES.
27
50
$195,365
65,422
5,744
17,750
57
90
71
2,661
20
4,423 37
43,586 42
184.812
4.732
18,496
$541,129 94
$494,985 27
$12,040,936 76
$3,518,000 00
1,037,500 00
Jime 30, 1903.
$3,518.000 00
1.037,600 00
$4,555,500 00
$4,282,000 00
74,000 00
Total Capital and Mortgage Liabilities
3,000,000 00
$3,266 000 00
43,000 00
4,356,000 00
356,500 00
$12,222,000 00
$11,221,000 00
$60,282
85-852
54.918
43.975
3,875
1,390
21.951
77,202
20,108
19,618
4,169
1)
Other Acciued Liabilities
Surplus Leased Lines
Total Working Liabilities
74
95
50
78
50
4,456 26
$26,309
65,422
63,735
44.312
50
26
00
00
45
2,105
15,232
54,875
21,667
1,375
4,167
37
65
77
00
82
$516,276 52
46,751 18
this flaoal year
$385,918 40
130,358 08
$563,027 70
$13,178,372 26
COMPARATIVE STATEMENT OF INCOME ACCOUNT.
Fob Two Years Ended June 30, 1904.
1903-04.
Per Cent
of Gross
.
.
1902-03.
of Qross
73
35
^3
12-77
1-08
43
331
•43
Total Gross Earnings. 10000 $962,696 18 $1,000,752 39 100-00
Way and
16-48
Maintenance of Equipment 13-17
Conducting Transportation 26-28
705
Oeneral Expensea
$158,621
126,824
252,966
67,930
91
48
35
57
$150,028
111,910
222,269
62,913
31
72
13
89
14-99
11-18
22-2i
6-29
$547,122 05
21,170 93
54-67
29,156 73
Total Operating Ex66-01 $635,500 04
penses and Taxes
$568,292 98
56 79
Total Operat'qExpbns. 62-98 $606.343 31
Taxes
Net
3-03
Earnings
Operation
From
$327,196 14
$432,459 41
$105,569 90
68,323 62
$51,270 29
49,064 79
Total Other Income...
$173,893 52
$100,335 08
Tot. Available Income.
$501,089 66
$532,794 49
Income from
owned
212
33-89
Securities
Interest on Current Aoots
43-21
'
of Qrots
Earns.
.
Amount. Earns^
82-43
$824,929 25
127,769
10,650
4,351
33,051
190203.-
.
Per Cent
Per Otnt
Amount.
Earns.
81-56 $7f5,l€4S6
1419 136,609 22
1-11
10,657 09
-SI
4,882 70
263
25,382 21
$516,276 53
$12,040,936 76
1903-04.-
.
Brought forward
13
11
94
26
00
82
$303,660 34
$393,344 56
Surplus brought forward from previous year
Net Surplus, after payment of dividends during
Structures
3,309,000 00
310.500 00
Mortgage 5 per cent Bonds Outstanding
Maintenance of
$4,555,500 00
3,000,000 00
Capital Stock, Preferred, Outstanding
First Ref. Mortgage 4 per cent Bonds, Outstanding
First Ref. Mortgage 4 per cent Bonds in Treasury (per contra)
10
50
39
56
07
10
91
64
13,178,372 26
Jtine 30, 1904.
Capital Stock, Common, Outstanding
Capital Stock, Common, in Treasury (per contra)
1,025,000 00
$12,637,242 32
Total Working Absbts
Unpaid Pay Rolls
Coupon Interest Unpaid (including that due July
Due Other Roads, Companies and IndividualsDividends Unpaid (including that due July 1)
Accrued Intereston Funded Debt
Accrued Sinking Fund
Accrued Taxes
Renewal Heserve Funds
Special Reserve Funds
40,600 70
1,310,000 00
Fuel, Materials and Supplies
Cash
Cash with Financial Agents to pay Coupons
Cash in Transit
Due from Agents and Conductors
Due from U. S. Government Pest Office Department
Due from other Roads, Companies and Individuals
Unexpended Insurance
Other Accrued Assets
43,000 00
$7,000 00
33,600 70
12,988 15
Advances to Susquehanna & Southern RR. Co. for construction
Cash— Unexpended Proceeds of Bonds Sold
Cash - Unexpended Proceeds of Preferred Stock Sold
Loans - Unexpended Proceeds of Preferred Stock Sold
...
2,008,145 37
$1,790,0C0 00
Keystone Store
Express Earnings
MisceUaneous Earnings
.
Co., viz.—
1,140,000 00
Freight Earnings
Passenger Earnings
Mail Earnings
YTiT
$6,298,123 96
$179,950 00
3,i50 00
Capital Stock
First
June
it!5,783,i:7
fieourlties
T.
30, 1904.
30, 1904.
52
514,946 44
Vol.
Amount.
^sor,oSgb6
of Orots
Earns.
Amount.
9j3^,T<?-f
4(?
Funded Debt,
5 per cent Bonds
$16,320 67
$20,554 17
on Funt!ed Debt,
4 per cent Bonds
Rental Leased Lines
141,063 79
2 00
127,348 33
Interest on
Interest
Other
Deductions
2 00
from
57177
Income
Total DEDUCTIONS
$157,958 23
$147,904 50
Net Income
$343,13143
$384,889 99
Percentage of Operating EXI'ENSKS AND TAXES
TO Gross Earnings
Average Miles Operated.
6601 per cent.
172-53 mUee.
56-79 per cent
172-53 miles.
PROFIT AND LOSS ACCOUNT.
Year Ended June 30, 1904.
Credits^"
Balance brought forward July 1, 1903
Net Income year ended June 30, 1904
$516,276 52
343,i3l43
Total Credits
Debits—
$859,407 96
Four quarterly dividends of
paid on Preferred Stotk
Four quarterly dividends of
paid on Common Stock
Sundry Charges (net)
1
per cent each
m
per cent each
$120,000 00
Total Debits
Balance carried forward June 30, 1904
.
er Cent
175,90000
480 25
296,380 25
$563,027 70
»
Nov.
5,
THE CHRONICLE.
1904.]
The Profit and Loss balance of $563,037 70 represents the
net surplus from operations, after payment of dividends and
to June Si), 1904
all charges, from the date of organization
This account has not been afifected in any way by refunding
operations or the issue of new securities nor does it include this c ^mpany's equity in the undivided surplus of Its
subsidiary companies.
STATISTICS
Freight Traffic—
YEARS ENDED JUNE
3».
1903.
$824,929 25
Freight earnings
*''®^'^at.?R
82*43
Per cent of gross earnings
qoS aoa
1,339,182
Number of tons carried
iV^qi'qci
43,517,126
;••:— *'*>*'*^.'"P>
Number of tons carried one mile
33-51
32 50
Average distance in miles one ton carrlea...
7,762
7,696
Number of tens carried per mile of road. ..or
mile
per
Number of tons carried one mile
1904.
road
Frelglit earnings" per mile of
257,879
**«550 8»
£»« i^
i J??
IZO'H)
252,229
$4,781 3 7
61-60
1-896
S2-20762
$2-39655
$1 36,609 22
14-19
298,= 63
4,827,629
$127,769 73
1617
15-68
road
(cents). ...... ......
Average earnings per ton
Average earnings per ton per mile
Average number of tons per train
(cents).
.
Freight earnings per revenue freight train
12642
Passenobb Traffic—
Passenger earnings
Per cent of gross earnings
Number of passengers carried
Number of passengers carried one mile
iu miles each passenger
:,-•-•:
wasoarried
^
carried per mile of
passengers
Number of
.•---road
Number of pa' seagers cained one mile per
Average distance
mlleofroad
Passenger earni n gs per mile of road
Average earnings per passenger (cents)......
Average earnings per passsenger per mil*
275,545
4,320,556
1,731
1,597
27,981
$791 80
45 760
25,042
$740 57
46-370
2-957
—
2 830
22
Passenger earnings per revenue passenger
train mile (cents)
62-848
58011
172'53
$5,579 88
172-53
$5,800 45
3,683 42
1,896 46
3,293 88
2,506 57
Miscellaneous—
Average mlle« of road operated
Gross earnings per mil*" of road
Operating expenses and taxes per mile of
road..."
..
Net earnings per mile of road
Maintenance of way and structures ner mile
maintrack
Average cost of repairs per locomotive
Average cost of repairs per car of oars in
freight service
Average cost of repairs per oar
919 39
869 58
1,402 44
1,340 08
45 18
49 63
290 06
290 29
282,946
193,124
96,955
^2,633
269.355
195.29 i
99,814
of cars in
passenger service
Mileage of revenue freight trains
Mileage of revenue passenger trains...
Mileage of revenue mixed trains
Mileage of non-revenue trains...
Total train mileage
Total locomotive mileage
—
..
3 1,906
599,370
680.511
625,6.'58
736 597
NoTB.-The above statistics are based on revenue freight tonnage,
and do not include tonnage or revenue on company material The
mileage of revenue mixed tralus is apportioned three fourths as freight
train mileage and one-fourth as passenger triln mileage in making
calculations Involving the use of train-mileage results.
DIVIDENDS.
Dividends have been paid on the Capital Stock of the Buffalo
& Susquehanna
RR. Company
as follows:
Outgtonding
C!OMMON Stock1895
1896
1897
1898
1899
1900
1901
1902
,
1903
1904
June
30.
Dividend
rate p.
$1,110,000
4
1,.=>18,000
5
1,518,000
1,518.000
I,518.0f0
1.618.000
3.518,000
3.518.0C0
5
5
6
5
*7i«
5
5
6
3 518,000
3,518,000
e.
Amount
paid.
$44,100
55,500
75.900
75,900
75,90
75,900
138.850
175,900
175,5^00
176,900
Prefebrfd Stock1903
1904
3.000,000
3,000,000
"4
4
70,983 33
12 ,000 00
m
*6J4per cent on $1,518,000;
per cent on $3,518,000.
** 1 per cent on
$1,000,000; 1 per cent on $1,750,000; 1 per cent on
$1,900,000 (lessltem of $516 67 referred to in statement of Profit and
Loss Account); 1 per cent on $2,500,000.
DESCRIPTION OF SECURITIES.
First Refdndino
Date of
Mortgage Four Per Cent Bonds.
Date of maturity, April
issue, April 1, 1901.
1,
Principal and interest payable in gold, free of all
1951.
taxes. Interest payable January 1 and July 1. .Rate of interest, four per cent.
Spcured by a first refunding mortgage
on the
entire property of the company now owned or wliich
le hereafter acquired, subject to the lien of the first
mortgage 5s on the property covered by that issue, also colaterally secured on the Addieon
Susquehanna RR. by
deposit with the trustee under the mortgage of all of the capital stock thereof, on the Weilsville, Coude'sport
Pine
Creek RR., subj^-ct to the lien of the first mortgage 5s, and
on the coal proporty of the Powhatan Coal
Coke Co. at
Tyler, Pa., and Sykesville, Pa. Authorized, $15 000,000, as
follows: I^^suable for refunding purpose, etc., .$.'3,."=00, 000; for
the purpose of acquiring coal properties, $'2, 500, 000; for the
purpose of acquiring terminals, $2,000,000, and for now
equipment, $1,500,000. The remaining $5,.500,000 of bonds,
may
&
&
&
together with any of the bonds reserved as before stated,
but not used for such purposes, may be issued for the purpose of constructing or acquiring additional railroad or for
equipment, betterments and other corporate purposes, but
at an average rate not exceeding $25,000 per mile. Bonds
in addition to the $15,000,000 may be issued for double-trackOutstanding
ing at the average rate of $15,000 per mile.
June 30, 1904, $4,356,000. Provi&ion is made in the mortgage
for a sinking fund of three cents for each gross ton of coal
mined from the property pledged thereunder, to be set aside
annually in January and invested in bonds, if they can be
bought at 110 per cent and interest, or, with the approval
of the trustee, at a higher price; otherwise to be invested in
securities in which savings banks at the time shall be authorized to invest under the laws of New York. Denomination of coupon bonds, $1,000; of registered bonds, $1,000,
$5,000 and $10,000. Coupon bonds may be registered as to
principal or exchanged for fully registered certificates,
which are re-convertible into coupon bonds. A legal investment for savings banks in Connecticut, New Hampshire and
New Jersey. Interest payable in New York at the office of
Fisk & Robinson. Bonds are listed on the New York Stock
Exchange.
Preferred Stock.
12-77
of passengers per train ...
(cents)
Average number
2095
The holders
of the preferred stock shall be entitled in
preference and priority over the common stock of said Company to dividends in each and every fiscal year at such rate,
not exceeding 4 per cent per annum, payable out of the net
profits, as shall be declared by the Board of Directors, and
without deduction of any tax or taxes imposed by the
United States, or by any State or Municipality thereof, that
the Railroad Company may at any time be required to pay
or to retain therefrom. Such dividends are non-cumulative
and such preferred stock is entitled to no other or further
share of the profits.
In cape of dissolution or liquidation of the Company, the
holders of the preferred stock will be entitled to receive the
par amount of their stock out of the assets of the Company
in prio ity to the common stock.
The preferred stock has equal voting powers with the
common stock.
Under the terms of a contract dated January 1, 1903, between he Buffalo
Susquehanna Ry. Co. and the Buffalo
Susquehanna RR. Co., it is provided that the Buffalo
Susquehanna Ry. Co., as soon as its line of railroad shall be
completed, equipped and ready for operation from Wtllsville
to Buffalo, shall Ic^se from the railroad all the lines of road
now owned or controlled by tbe railroad, or which may be
merged into or controlled by it at the date of such merger.
This lease is to be for a term of 999 years from the date of
execution thereof.
As rental under the terms of the lease, it is provided that
the railway shall pay interest on the mortgage bonds and
other corporate obligations of the railroad, and that it shall
guarantee to the holders of preferred stock of the railroad a
dividend of four per cent per annum on such preferred
stock, which guaranty shall, upon request of the holders
thereof, be stamped on all the certificates of such preferred
stock; such dividend to be paid quarterly on the first days of
March, June, September and December; such payments to
be made free of any tax of any kind, character or description, imposed by the United States, or any of the States or
municipalities therein, the collection of which shall be made
or directed to be made by or through the means or agency
of either the railroad or railway; any such tax to be paid by
the railway as part of the rent to be reserved in the lease.
Transfer agents, Fisk
Robinson, New York. Bonds are
&
&
&
&
on the New York Stock Exchange.
First Mortqaoe Four and One-Half Per' Cent Bonds.
listed
Date of issue, April 1, 1903.
1053.
Principal and interest
taxes. Interest payable May 1
Date of maturity, April 1,
payable in gold, free of all
and Nov. 1. Rate of interest,
four and one-half per cent. Secured by a direct first mortgage lien on all of the property of the company now owned
or which may be acquired hereafter, including particularly
the terminal property of 50 acres, more or less, on Lake Erie,
partly in the city of Buffalo, and partly in the town of West
Seneca, and including also the line of railway in process of
construction from Weilsville, N. Y., to Buffalo, about 85
miles, with its equipment and appurtenances; also collaterally secured by deposit with the trustee of $3,515,.500 f the
common capital stock of the Buffalo & Su.squehanna RR.
Co.. being substantially the entire amount outstanding, together with any additional shares of said stock that may be
issued hereafter, and by the pledge of a perpetual lease of
the Railroad to the Railway Company, to be executed upon
the completion of the railway from Weilsville to Buffalo.
Authorized $6,000,000, as follows: Issuable for the general
purpose? of the company, $1,000,000; for the acquisition of
terminals, $l,5'i0.000; for the oi nstruction and equipment of
the railway, IS.fiOO.OOO. Outstanding, .S'2,5C0,00 »: Provision
is made for a sinking fund of 1.50,000 per annum, and, in
addition 1 per cent of the par value of all bonds outstinding
in excess of $^,000,000, to become operative on April 1, 1910.
Denominations of coupon bonds, $1,00; of registered bonds,
$1,000, $5,100 and $10,000.
Coupon bonds may be registered
as to principal or exchanged for fully registered certificates,
which are re-convertible into coupon bonds. Interest payable in New York .at the office of Fisk
Robinson. To be
&
listed
on the
New York
Stock Exchange.
.
—
.
THE CHRONICLE.
2096
[Vol. lxxix
LOUISIANA & ARKANSAS RAILWAY COMPANY.
THIRD ANNUAL REPORT- FOR THE FISCAL YEAR ENDED JUNE
30,
1904.
Texabkana, Ark., Oct. 17th, 1904.
Article 1, Section 3: For the construction of extensions and the
To the Stockholdem and Bondholders of th<i Louisiana <&
acquisition of shops, depots, brifljjes and water stations
$316,000
Article 1, Section 4: For the purciiase of .-wldltlonal rolling
Arkansas Ry. Co :
stock and to provide for improvements and betterments.
292,000
Extremely gratifying results attended the operation of the
Louisiana & Arkansas Ry. during the fiscal year that ended
*>tiil
$608,000
June 30, 1904. Owing to the continued development of the
The bonds now outstanding amount to $2,724,000, the
tribuary country at d the sustatned prosperity of its princi- equivalent of $14, -550 per mile of completed road.
pal industries, the company's revenue in all departments inIMPROVEMENTS AND ADDITIONS.
creased handsomely. Gross earnings advanced from $4,187
The total expenditures for additions and betterments
per mile in 1903 to $4,':68 per mile in 1904, the gain being
13'88 per cent, while net earnings rose from $1,264 to $1,467 charged to capital accounts during the year amounted to
per mile, or 1606 per cent. The outlook for the coming year $234,099, as compared with |189,9'54 the previous year.
correspondingly favorable.
additions to the operated mileage were made during
the year. The length of the road operated was 147 77 miles,
the same as on .fune 30, 1903, the average for the year 1903
having been 137-17 miles.
The extension from Winnfield to Jena, 39-43 miles, mentioned in the last annual report, was completed on December 31, 1903, but this extension will not be turned over by
the Construction Department and formally opened for traffic
before Noven ber 1, 1904. By that time it is hoped to complete the Little River bridge, work on which was delayed by
high water during the spring and summer. This is the only
steel bridge needed on the road.
It is of substantial construction, with cor Crete piers, and has a span of 180 feet.
The fxtension to Jena gives your road an additional New
Orleans connection, as at Georgetown it mee'^s tlae Alexandria line of the St. Louis Iron Mountain & Southern Ry.
A joint passenger and freight station will be constructed at
this point within thirty days, and will j^reatly expedite the
handling of through freight. Both the grade and the alignment of this extension are very good, the maximum grade
being one per cent and the maximum curvature two degrees.
The right of way has been cleared throughout 100 feet in
width. Yard room to the extent of 64-27 acres has been secured at Jena and a commodious frame station has been
is
No
erected.
During the year considerable work has been done in ballasting, improving cuts and fills and reducing grades, bringing the physical condition of the road to a high standard.
Bridges have been maintained in good condition
Laying
of heavy rails has been completed as far south as Sibley,
giving a total laid with 75-lb. rail of 82-43 miles, or 55 78 per
cent of the operated mileage. The remainder of the track
is laid with 60-lb. rail.
The country opened up by the Jena extension is an old settled district. The ground is fertile and produces good crops
of varied agricultural products, chiefly cotton and corn. Up
to the present time it has had no railroad transportation.
Many industrial enterprises are projected, and the Trout
Creek Lumber Co. 's large plant is in course of construction
near Jena
All of its traffic will be tributary to your road.
In addition to this mill a lumber mill is being bu It near
Cotton Valley. Tdis will have a daily capacity of about
60,000 feet
During the year a hard-wood mill was completed at Stamps and a pine mill near Winnfield. Several
cotton gins have been erected along the line. A stave factory at Winnfield and a heading plant at hope have also been
built.
The extension from Stamps to Hope, finished a short time
before the publication of the last report, has brought a large
amount of business to your road. Considerable coal, hay
and feed is received at this point from the St. Louis & San
Francisco RR., whose line into Hope was completed during
the year.
It is expected that the number of farmers along the line of
the road will be considerably increased during the coming
year and thereafter, through the efforts of Mr. R. L. Pritchard, recently appointed Industrial Agent. Mr. Pritchard
comes to the Louisiana & Arkansas Ry. from the Central of
Georgia Ry., where his work along similar lines was very
successful. Much of the land tributary to the road is especially well suited to fruit growing. The possibilities have
been so well demonstrated that the citizens of Minden, on
the line of your road, have during the past year induced two
hundred settlers from Alabama and Georgia to locate there.
The complete satisfaction of these settlers warrants further
efforts towards upbuilding the country tributary to the road.
CAPITAL STOCK.
During the year the outstanding capital stock was increased from $^,350,000 to $2,625,000. The total amount
authorized is $7,000,000.
FUNDED DEBT.
INCOME ACCOUNT.
The income accounts
first mortgage the total amount of
limited to $7,000,000, and to an average of not over
$20,000 per mile of completed road. At the beginning of the
fiscal year the amount issued was $2,116,000, of which $1,500,000 had been issued for the general purposes of the company and to satisfy its obligations, $408,(00 for the extension
from Stamps to Hope and $203,000 for new rolling stock and
improvements chargeable to capital.
Since the first of the year bonds to the amount f $608,000
have been is ued as follows:
is
'
for the fiscal years 1803
and 1904
are:
Increase
1904.
Average miles operated
1903.
Inerecue Per Cent.
Gross earnings
Oper. expenses and taxes..
147-77
$704,671
487,795
127-17
$532,534
371,706
20-60
$172,137
116,089
16-20
32-32
31-23
Net earnings
Other Income
$216,876
24,186
$160,828
17,842
$56,048
6,344
34-85
35-55
Total net Income
Fixed charges
$241,062
125,605
$178 670
t62,3«2
55,578
34-92
79-37
70.027
Surplus
$115,457 $108,643
$6,814
627
The annual interest charge on the funded debt as it is now
constituted amounts to $136,200, or 56-50 per cent of the
amount available in the past year for the payment of fixed
charges. Gross earnings, operating expenses (including
taxes, reserves for replacements and other deductions) and
net earnings per mile of road compare as follows:
1904.
1903.
Increase.
Ine.,%
Average miles operated
147-77
20-60
12717
1620
Gross earnings
..
$4,768
$4,187
•581
1388
Oper. expeuses and taxes..
3,301
12-93
2,923
378
Net earnings.
1,467
1,264
203
1606
The present interest charge is equivalent to $922 per mile
of road operated, as compared with average revenue applicable to the payment of interest for the y&st three years of
$1,641 per mile.
Of particular interest, in that they indicate the growth of
the country tributary to the line, are the increases in passenger, mail and express earnings. As compared with the
previous year, passenger earnings gained 37!^ per cent and
mail and express earnings 52 p r cent. Freight earnings
increased 30 per cent and constituted 87-02 per cent of the
road's gross earnings, as compared with 8818 per cent the
previous year. The gross receipts from other sources than
lumber and logs maintained about the same relative position
toward gross earnings that was shown the previous year
30 per cent.
Passenger earnings averaged 2-95 cents per passenger per
mile, as compared with 2-85 cents in 1903, and freight earnings averaged 1-70 cents per ton per mile, as against 1-83^
cents in 1903.
The passenger density increased 14-58 per cent, while the
freight density increased 20-58 per cent.
The average
revenue freight haul rose from 34-68 miles to 3957 miles and
the average distan e traveled by passengers from 19-54 miles
to 20-39 miles.
PASSENGER TRAFFIC.
Increase
1904.
147-77
Average m'les of crated
No. of pasfcngers carried...
No. of pass, carried I Ojlle..
No. of pass, carried 1 iLile
per mile of road
Total earnings from pass.
Total earnings passenger
depart uaent
.
Under the company's
bonds
The greater part of the increase in expenditures for betterments was for reduction of grades and curvature and for
ballasting. A total of 64V^ miles of road has been ballasted
with cement gravel from the company's gravel beds near
Stamps.
During the year new frame stations were built at Minden
and at Jena, and at the latter point a water taok was erected.
New machinery and tools to the value of $10,000 were bought
for the car shops at Stamps.
The motive power of the road has been increased by the
addition of seven new 70-ton locomotives. Through the installation of this powerful equipment, together with careful
supervision, the average number of tons per freight train
has risen from 174 to 213. Ten of the company's freight cars
were scrapped and one boarding car and one wrecking oar
were added to the service list. No change is noted in the
number of passenger cars.
1903.
Increase. Per Oent^
2,220,813
127-17
85.356
1,668,048
20-60
23,542
552,765
16-20
27-58
33-14
15,029
$65,403
13,117
$47,547
1,912
$17,856
14-58
37-55
75.759
54,376
21,383
39-32
108,893
FREIGHT TRAFFIC.
Average miles operated
1904.
147-77
909,502
1903.
127-17
740,569
Increase
Increase. Per Cent
20-60
168,933
16-20
22-81
1 mile
35,989,407 25,685,740 10,303,667
No. of revenue tons carried
1 mile per mUe of road...
243,550
201,980
41.570
Total earnings from freight $613,215
$469,583 $143,627
40-11
.
.
No. of revenue tons carried.
No. of revenue tons cairied
20-58
30-59-
«
|
:
.
Nov.
..
THE CHRONICLE.
5, 1904.]
Daring the year asuflScientsum wassetasideoutof income
For maintenance
of way and structures the amount disbursed was equivalent
to $921 per mile of road operaied, the same as in the previous
year. For repairs and renewals of rolling stock the amount
charged to operating expenses averaged $1,039 per locomotive
in 1903 and $784 in 1904, per passenger car $474 in 1903 and
$253 in 1904, and per freight and work car $26 in 1903 and
$46 In 1904. All of the equipment is in good condition. Of
the increase of $113,000 in operating expenses.nearly one half
was due to enhanced cost of conducting transportation resulting from higher prices for fuel and labor. L rger expen-
2097
(;OMPARATIVB GENERAL BALANCE SHEET.
J^wneSO, 1904.
to maintain fully the existing property.
ditures incurred in maintaininK freight cars also contributed
to increased operating expenses.
REPLACEMENT RESERVE FUNDS.
of ties was ^2*1, 784; for replacement of rails, $10,63S, and for
replacement of equipment, $34,084. The amounts standing
to the credit of the reserve accounts on June 30, 1904, were
follows:
Reserve.
Tie
Equipment Reserve,
$31,023;
$54,904;
Rail
Reserve, $35,064;
Sundry Reserve,
Total Assets
Inc. or Dec.
324,589 46
6,763 66
300 00
2,258 64
D. 122.031
58,4 36
/.
54
1.
1,402 66
280,480 34
151,166 23
4,756,087 76
637,676 92
197.667 96
3,^93,326 33
5,825,411 25
4,710,599 49
Audited vouchers
Unpaid wages
Duei individuals and compa-
4,716
D. 100
/.
3.649
4'6
/.
393.750 96
19
D. 113.271
/.
523,864 24
D. 46,502
1,162.761
111,823
/.
1,114,812
i.
Liabilities
Included in the charges for maintenance of way and
equipment are certain amounts set aside for replacements.
From the reserves so created renewals are made as necesIn the year 1904 the amount set aside for replacement
sary.
as
Total Working Assets
Material and Supplies
Cost of road
Cost of equipment
30.1903.
./ttne
Cash on hand
.^ 202,558 67
Cash in transit
11,479 80
2(i0 00
Cash with tnanclal agents...
Due from agents and oonduo's
2,277 47
Due from Individuals and
62,0S5 51
companies
Unexpired insurance
1,878 89
$5,766.
nies
Agents' drafts In transit
^..
Unpaid coupons
Accrued Interest on bonds.
Accrued taxes
.
55,246 43
26,678 29
D. 24,872
11,39294
1,704 57
200 00
45.400 00
9,415 99
1,977
1,015
D. 100
J. 10,133
I. 1.157
D. 1,664
I. 4,942
Due trustees of first mtge
.
.
Surplus..
Capital Stock
First mortgage bonds
127.613
126,758
222,039
2,625,000
2,7 24,000
67
17
51
i>.430
7.
I.
690 07
300 00
35,266 65
4,000 00
3,162 78
695 00
5,156 81
1,499 18
5,637 15
Miscellaneous reserves.
Total Working LiabLlties
Miscellaneous Reserves.
TRANSPORTATION RESULTS
30,374 22
26,248 70
135.455
102.112
107.031
2,260,000
2,116,000
21
99
29
00
00
D. 7,842
24,645
115,008
1.
/.
00
J. 375 000
The heavier engines acquired during the year have mad®
00
/. 608.000
more economical handling of freight. While th^
carried
freight
one
mile
revenue
in"
of
tons
of
number
5,825,411 25 4,710,599 49 /. 1,114,812
Total LlabUitles
creased 40-11 per cent, the revenue freight train mileage inThe average train-load of revecreased only 12'14 per cent
Note.—Working assets have been used for permanent improvements
nue freight rose from 164 to 205 tons, or 25 per cent. Com- and extensions to the value of $195,930 19. for which amount the
pany freight included, the average train-load amounted to company has authority to reimburse its treasury through the issuance
of bonds.
213 tons, as compared with 174 tons the previous year.
STATEMENT OF EARNINGS AND EXPENSES.
mile
freight-train
averaged
as
|3
49,
earnings
per
Freight
against $2 99 in 1903, an increase of 16 per cent.
Fiscal Yeabs Ended June 30, 1903, AND June 30, 1904.
Passenger department earnings increased 39 per cent durPer dent of
Total Earnings,
ing the year and the number of passengers carried one mile
Increate.
1903.
1904.
1904. 1903.
rose 33 per cent. Passenger department earnings constituted
30-60
12717
10*75 per cent of gross earnings, as compared with 10*21 per Average miles operated 147*77
Earnings—
Gross
$
cent the previous year. Individual receipts from passengers Freight
613,214 91 469,587 99 143,627 8702 88-18
possible
9-28
8*93
averaged 60'06 cents, as against 55-70 cents in 1903. Passen- Passenger
65,403 39 47,546 76 17,857
0-83
0-81
5,877 95
4,318 07
1,560
ger department earnings per train mile averaged 64-62 cents, M.U 0-47
91
02
Express
2,511
064
4,477
1,967
a decrease of 11-64 cents during the year.
2-23
1-61
Miscellaneous
15,696 65
8,570 38
7,126
In the company's train statistics the mileage of mixed
Total gross earntrains is added to the freight and passenger mileage, threeings
704,670 81 532.534 22 172,137 10000 100 00
fourths to the former and one-fourth to the latter. No helping engines are employed. The following tables show com^Operating Ex-
parative results
PBN8B8. — (See
:
Schedule
FREIGHT SERVICE.
Increate
Average mlleB operated ....
•Revenue freight train
mileage
Aver, revenue freight tralnloai,ton8
Average oars per train
Freight eai ns. per revenue
freight tralQ
*
mUe
Increase. Per Oent_
ISOl.
147*77
1903.
127-17
175,830
156,789
19,041
1214
205
164
41
19*62
16-26
3-37
25-00
2C-74
$3*488
$2-995
$•493
16-46
20-60
16-26
PASSENGER SERVICE.
Decrease
•Paesenger train mileage.
.
1903.
71,307
Decrease. Per Oent_
164-41
145,935
Average numberpaesengers
per train
Pa» aenger department earnings per train mile, cents.
1894
23-39
4-45
19-02
64-62
76-26
11*64
15-26
of
18,924
19-31
2200
38,410
1466
1218
52,564
3.649
2951
2918
4 40
5-15
Total expenses.. ..478,304 61 364.857 65 113.447
6,849 00
2,642
9,490 63
6788
34
68-51
1-29
Total expenses and
taxes
487,795 24 371,706 65 116,089
69 22
6980
Net earnings
30 78
3020
Taxes
Includes three-fonrthB of mixed train mileage.
1904.
117,242
VII.
pamphlet report.)
Maintenance of way
and structures
136,062 42 117,138 65
Maintenance of equipment
103,289 07
64,878 75
Condujtin? transportation
207,958 93 155,394 68
Gener ill expenses
30,994 19 27,445 57
216,875 57 160,827 57
56,048
Note.— Operating expenses include charges
ment of equipment, rails and ties.
*
for eventual replace-
COMPARATIVE STATEMENT OF INCOME ACCOUNTS.
Fob Four Years Ended June
*
t
Includes one-fourth of mixed train mileage,
Increase.
1904.
147-77
Average miles oper'd..
The com; any's books and accounts have been audited by
accountants and their certificate appears
certified public
1
1903.
127-17
30.
1902,
97-00
1901.
91-80
$
$
$
$
704,670 81 532,534 22 478,53160 316,745 80
Gross earnings
below.
By
order of the Board,
Presideid,
Certified Public Accountants,
30 Broad Street, New York.
131 State Street, Boston.
301 N. Charles Street, Baltimore
16 E. Broad Street, Columbus, O.
Cable address "Dlgnus."
York, September
fied ourselves that they accurately set forth the results of
the year's operations and the financial conditions as at June
30, 1904.
Cert
fied
&
216,875 57 160,827 67 182,956 63 118,475 45
24,185 98 17,842 52
Total net income... 241 ,061 65 178,670 09 182.9^6 63 118.476 46
Intere8'onfund'ddebt.l23,164 18
Other Interest
402 87
Other deductions
2,037 91
69,277 45
3 1,?- 00 00
749 34
1,50114
Total deductions... 125,604 96
70,026 79
33,00114
13, 19C4.
To the Stockholders and Bonaholders of the Low.tfc 4» k. Ey Co.
We have made an examination of the books and accounts
of the Louisiana & Arkansas Ry. Co. for the fiscal year ending June 30, 1904, and hereby certify that the Balance Sheet
and Income and Profit and Loss Accounts published herewith ar in accordance with the books, and we have satis-
Patterson, Teele
Operating expenses
and taxes
487,795 24 371,706 65 295,574 87 198,270 35
Net earnings
Other Income
PATTEB80N, TEELE & DENNIS,
New
Operating expenses.... 478,304 61 364,867 65 291,798 37 193,995 39
9,490to3
3,776 £0
4,274 96
6,849 00
Taxes
WM. BUCHANAN,
Dennis,
Public Accountai.ts.
15,618 82
15,618 82
116,456 59 108,643 30 149,955 49 102,886 63
Surplus.,
PROFIT AND LOSS ACCOUNT.
Year Ended Jdne 30, 1904.
Fiscal
Credits—
$107,031 29
Balance July 1, 1903
Surplus liicotne for year ended Juno 30, 1904
115,456 59
(Schedulelll. of pamphlet report)
Total Credits
Dehits—
Sundry adjustments
Balance June 30, 1904, per Hiila«ce Sleet
$222,487 88
448 37
*222,039 61
THE CHRONICLE.
1M)98
DESCRIPTION OP FUNDED DEBT.
Mortgage Gold Five Per Cent Bonds. Date of issue.
September 1, 1902. Date of maturity, September 1, 1927,
Principal and interest payable in gold, free of all taxes. InRate of interest 5 per cent.
terest March and September.
Secured by first lien on all of the property of the company
now owned or which may be acquired hereafter. Autnorized, $7,000,000; outstanding June 30, 1904, $2,724,000, or
First
$18,434 per mile of road operated; reserved for the construction or acquisition of a bridge across the Black River and a
bridge across the Red River, $1,000,000; for extensions,
equipment, improvements and betterments, $3,276,000.
The entire issue, but no part, will be subject to redemp-
[Vol. lx:xix.
and accrued
interest on any interest day after
Beginning with 1907 the bonds will be
entitled to the benefit of a sinking fund of |55,000 per
annum, to be used by the Trustee in the purchasi? of bonds
at a price not to exceed 110 and accrued interest. Should it
be impossible to purchase bonds at this rate, the sinking
fund may be invested in securities in which savings banks
at that time are authorized to invest according to the laws
of New York, New Jersey, Massachusetts or Connecticut.
Coupon bonds in the denomination of $i,000; may be reg-
tion at 110
September
1,
1907.
istered either fully or as to principal onl^.
Interest payable in New York at the office of Fisk
Robinson. Listed on
&
the
New York
Stock Exchange.
THE PACIFIC COAST COMPANY.
EXTRACTS FROM THE REPORT FOR THE YEAR ENDING JUNE
To the Stockholders of the Pacific Coaat Company :
There has been no change in the Funded Debt or Share
Capital.
30,
1904.
by hand-carts as heretofore. With the electric motors two
men will be able to do the work of over twenty cart, or barrow-men.
Six water-front lots were purchased at Portland, npon
which arrangements are being made to erect new 3,000 ton-
The Blaok Diamond coal-mining property, situated on the
your Columbia & Puget Sound RR., in the State of capacity coal bunkers.
Washington, was purchased on May 14th, 1904, payment for
By the purchase of the Black Diamond coal mines on May
same being made in cash from funds on hand.
14, 1904, your company obtained title to 2,720 acres of coal
land and a 20-year lease of 960 acres additional. There are
STEAMSHIP DEPARTMENT.
two mines in operation on tbe property, supplied with all
The net earnings of the Pacific Coast Steamship Co. show necessary machinery and equipment. What is known as
line of
a decrease of $24,636 03 over the preceding year, although
the gross earnings show an increase of $381,078 78 for the
same period. The apparent increase in operating expenses is
accounted for by repairs and renewals formerly charged to
Steamship Depreciation and Renewal Fund being charged
to Operating Expenses. There was expended and charged
to operating expenses during the year for repairs and renewals of engines, boilers and equipment $403,929 07, as against
$213,158 28 last year, an increase in these items of $190,770 79.
The steamers "Cicy of Topeka" and "Coos Bay" were each
re-boilered and received a general overhauling. Extensive
repairs were also made on the steamers "Corona" and "City
On the latter vessel a refrigerating plant of
Seattle."
forty-five tons capacity was installed for carrying fresh
meats to Alaska.
•of
The steamer "Mainlander," which was operated between
Seattle and Vancouver, B. C was, by authority of your
Board of Directors, purchased from the Western Steam Navigation Company, the purchase carrying with it the goodThe
will of the latter company on the Vancouver route.
vessel is still operated on the above route, for which service
it is well adapted.
The Pacific Coast Steamship Company needing additional
wharf room at San Francisco, an arrangement was made
•with the Board of Harbor Commissioners for an extension
of 200 feet on the end of Pier 11. The Board of Harbor
Com nissioners not having funds with which to make this
improvement, the Pacific Coast Steamship Company advanced the money to cover same, $18,230 00, and the money
is being refunded to it in the shape of rebates on its rent.
,
KAIL LINES.
The Columbia & Puget Sound Railroad shows a decrease
of nine per cent in gross earnings and a slight decrease in
expenses. The decrease was occasioned by loss of tonnage
from the output of the Black Diamond mine.
Earnings from other sources have been satisfactory. The
log business has increased and the brick and tile plant at
Taylor Is in full operation. It is expected this industry will
be still further developed and enlarged. The gravel tonnage
has decreased this season on account of the extremely low
rates being made for gravel brought in on scows. Passenger
earnings show an increase of twelve per cent.
Earnings of the Pacific Coast Ry. were satisfao
tory. The grain tonnage was above the average. There
has been a steady developmeat of oil fields along this line,
which has added materially to the earnings of the road. The
oil business of the Santa Maria Valley promises to become an
important industry.
COAL DEPARTMENT.
of this department show a decrease of 2 "7 per
slightly increased tonnage was sold, but at a less
cent.
profit per ton, particularly in California, where extremely
low prices have prevailed on fuel oil.
The new coal bunkers at San Francisco, authorized by
your Board of Directors January 6th, 1904, are nearing completion. These bunkers will have a capacity of 7,500 tons,
making a total bunker capacity at the Beale Street Yard of
13,500 tons. An electric system is being installed to serve
both the old and new bunkers. Coal will be handled between
bunkers and ships by two five-ton electric motors, instead of
Net earnings
A
& Co. ofler $116,000 United New Jersey
general mortgage 63, price 108^ and interest.
These bonds are now a first mortgage on the main line
•of the Pennsylvania RR. from Pnlladelphia to Jersey City.
—Edward
RR.
B. Smith
& Canal Co.
"No. 14" mine, located on secti ^n 14, is developed to the
seventh level and is producing about 400 tons of coal per
day. The other mine, known as "Morgan's Slope," on
section 11, is developed to the fifth level and produces about
500 tons per day. This purchase also includes retail bunkers
and coal yards at San Francisco and Port Costa, Cal., together with horses, wagons, carts and other necessary
equipment. 320 acres of coal land adjoining your company's property have been purchased.
Newcastle Field. -Coal Creek Mine.— 2,699 feet of gangway driven during the year.
rock tunnel was driven 800
feet.
There are now 600,000 tons of coal developed in this
mine above the water level.
Franklin Field. -Mine No. 1, Vein No,
12 -Auxiliary slope finished to 1,400-foot level.
Rock tunnel
started toward Nj. 12 Vein on
same level; 350,000
tons of coal now developed.
Mine No. 2, McKay
Vein.— Shaft was completed October 15th, 1903, total
depth being 1,320 feet. A rock tunnel has been driven
534 feet toward the Gem Vein; 50,000 tons of coal developed. Mine No. 3, Gem Vein No. 17.— 886 feet of gangway driven on lower level. Upper gangway driven 480
feet; 80,00 ) tons of coal developed.
Mine No. 7, McKay
Vein No. 14. -A new gangway 1,200 fert in length has
been driven; 40,000 tons of this coal now developed.
Lawson Mine, McKay Vein No. 14. Auxiliary slope has
been completed to the fifth level and 2,100 feet of this level
has been developed. 2,607 feet of gangway driven during
the year. 280,000 tons of coal now developed.
A
—
Black Diamond Field.— M
rgan's Slope,
McKay Vein
No. 14.— Coal is now being mined from the first, second,
third and fourth levels. 550,000 tons of coal now developed.
Mine No. 14, McKay Vein No.l4.— Coal is being mined from
the seventh level. 150,000 tons of coal now developed.
The value of your holdings has been materially increased
by the purchase ot the Black Diamond coal mines, which
assures our company a supply of excellent coal for many
years to come.
The coal bunkers, completed during the year at Seattle,
have a larger capacity and a more economical method than
any on Puget Sound. These bunkers, with those in process
of construction at Portland and San Francisco, will add to
our capacity and convenience and largely reduce the cost of
handling coal.
The new terminals, shops, round house and other improvements to property at Seattle add greatly to the company's facilities for business, being ample for present and
future requirements, and further large expenditures for improvements will be unnecessary for some time to come.
The new general office building at Seattle, authorized by
your Board, is nearing completion and will be ready for
occupancy Sept. 15. The building is of stone and brick,
60x63 feet, four stories high, the three upper stories
to be used for general offices, and the ground floor (two
The use of this building will
store rooms) will be rented.
result in a considerable saving of rent to your company.
Ihe continued growth and development of the Pacific
Coast is favorable to your company, and we may reasonably
expect an increase of traffic and business.
H.
W. Cannon,
Chairman.
— Attention
J. C.
FORD.
ViciFrest. and 0(nH Manager.
is called to the advertisement of Chas. S,
Chicago, of Kansas City 7 per cent sf ecial tax
Price, 100 and interest, Particulars may be found in
bills.
the advertisement.
Kidder
& Co.,
.
.
Nov.
5,
THE CHRONICLE.
1904.
2099
COTTON.
^ommzxcml ^imjes.
COMMERCIAL EPITOME
glxje
Friday Night, November
4,
Friday Night, November
1904.
A comparatively quiet week has been experienced, preelection dnlness being reported from many lines of trade.
The spirit of confidecce, however, that has prevailed for the
pa«t few months has continued quite pronounced, belief appearing to be general in an active business for the coming
year. Reports from the iron trade state that many buyers
have their wants for the present covered, and are disposed to
hold off from making additional purchases, owing to higher
prices demanded by the furnaces.
tos.
Ixbde.
Lard
Tobaooo, domestio
OoSee, BrazU
Coffee, Java, Ao
Ooffee, otier
bags.
mats.
bag^.
....hlidB.
Bugftr
Bagar
Holasses, foreign
bags, Ac.
bhdB.
"
Hides
Cotton
Boaln
•-•?"•
baiesbblB.
bbls.
Spirits tozventlne.....
....--bbls.
.-••••
Tar.. .•...•-•••
bags.
BIoe,'E. I
bbls.
Bloe, domestio
5,302
2,150
3,105,225
117,698
4S4,980
None.
26,464
None.
11,600
77,124
19,382
6,100
2,261
2,706,632
111,809
427,796
None.
149,605
761
654
1.161
1,682
1,000
10,000
None.
1.637
2,289
2,614
bags.
bags.
Unseed.
Saltpetre
Manila hemp.... .........bales.
Blsal
hemp
bales.
bales.
Jate butts
Flonr
October 1,
1904.
Nov. 1,
1904.
BtockM of Mtrehandise.
bbls. and sacks
None.
12,600
31,204
29,078
1,000
11,500
None.
1,578
5,953
59S
None.
94,100
None.
86,400
Nov. I,
1903.
4,437
4,100
2,004,881
134,270
247,235
None.
192,171
None.
17.700
78,819
19,875
413
1,753
1,650
10,200
None.
374
7,736
8,507
None.
05,300
slightly better sale, and there
has been a steady tone to the market. The close was easier
at 7'56o. for prime Western and 7-00@7'25c. for prime City.
The demand for refined lard has reached only limited proporThe close was
tions, but prices have been well maintained.
weaker at 7 '650. for refined for the Continent. Speculation
lard for future delivery has been quiet, but on decreasing
stocks and light receipts of hogs, prices have advanced. The
cloee was easier, under selling by packers.
Lard on the spot has had a
m
DAiLT OLcama pbiom or labd vdtubm in ohioaoo,
Thurt.
Wtd.
r^et.
Hon.
Sat.
6-97>«
6-97ia
7-05
6-95
70213
Deo. del'y
7-05
707i«
7l2>j,
7O6
716
7 021.
Jan del'y...
m
7-17»«
716
May del'y
Pork has had a limited jobbing sale locally and at steady
Cut meats have
prices, cloeiog at $12 25@12 75/ for mess.
been quiet and unchanged. The demand for tallow has
been quiet prices have not changed from 41^0. Cottonseed oil has been more active at steady prices, closing at 27c
for prime yellow. Receipts of butter have been limited and
prices have advanced. Cheese has been in better demand
and firmer. Fresh eggs have been firm for choice grades.
7-2213
7-25
7-17Jfl
;
Brazil grades of coffee have had only a limited sale, but
there has been a free movement of supplies into the hands of
the trade on old purchases, and prices have held steady, olosing at 8^0. for Rio No. 7 and SJ^o. for Santos No. 4. West
India growths bave been dull but steady, with good Cucu'a
at 914c. and good average Bogota at UJ^c. Ea^t Iniia
growths have been firm, Speculation in the market for contracts has been slightly more active. Estimated smaller
Brazil receipts and a smaller decrease in the world's vieible
supply the past month than expected have had a bullish in
fluence.
The
was
close
firmer.
closing asked prices:
7-55C.
March. ....... .. 7-200. July
7-750.
May....—^.. .. 7-400. Sept
Deo
7-500. loot
7-80C
June
Jan
Raw sugars have been strong and higher on reduced esti
mates of the European beet sugar crop and decidedly
stronger advices from the European market?. The close was
firm at 4 7-16c for centrifugals, 98-deg. test, and 3 1516c. for
muscovado, 89-deg. test. R-- fined sugar has been more active
and higher, clofeing at 5'15@5'20c. for granulated.
Kentucky tobacco has been in fairly brisk demand at the
Srimal marketa, and prices have advanced. Seed leaf toacco has been in moderately active demand and fair sales of
1903 crop Zimmers Spanish have been made at a full basis of
values. New Penn. broad leaf has sold at firm prices.
Sumatra tobacco has continued in fair demand and firm.
Havana tobacco has been sparingly offered and firm.
Prices for Straits tin have continued to show an advancing
tendency. The clcse was steady at 29@29 200. Ingot copper
The close, however, was
has been excited and higher.
The following are the
Nov
6-800.
6 9U0.
7'00o.
as indicated by our telegrams
from the South to-night is given below. For the wppk ending
this evening the total receipts have reached 429,599 bales,
against 396,818 bales last week and 393,639 bales the previous
week, making the total receipts since the 1st of Sept., 1904,
3,076,808 bales, against 2,392,147 bales for the same period of
1903, showing an increase since Sent. 1, 1904, of 684,661 bales.
at—
Receipts
I
I
Mon.
Sat.
Bnmsw'k, &e
Charleston..
Pt. Royal, &o.
Wllmlngtoii
Wa8h'ton,&o.
Norfolk
N'p't News, Ac.
New York.
Wed.
Thur$.
Total.
Fri.
1
33,121 17,881 13,479 18,4^2 111,641
10.986
798| 21,766
13,813 15,688 15,879 20,266 114,584
558 1,596 4,0S9 14,115
1.940
1,017
5,845 19,420
15,449 15,213 9,899 9,439 77,720
9,424 11,764
749
1,074
990 1,941
7,987
45
45
2,217
4,182
2,402
2,202
2,568
5,168
4,021
6,746
6.657
3,463
15,861
2,340
11
6,387
11
31,442
564
773
515
564
773
41
Boston
Baltimore
Phlladelp'a,
Tue$.
1
16,712
2,100
31.041
3,860
11,982
15,182
2,340
1.632
1,601
12,046
Galveston
Pt.Arthnr,&c 7,902
New Orleans... 17,897
2,107
Mobile
576
Pensaoola, &o.
12,539
Savannah
248
187
100
Ao
127
99
S94
1,181
190
25
65
Tot. this week. 82,898 93,158 85,596 69,228 48 001 80,618 429,699
The following shows the week's total receipts, the total since
and the stocks to-night, compared with last year.
Septi 1, 19C4,
1908.
1904.
Receipts to
7-17ia
1904.
4,
The Movement of the Cbof
ThU
Nov. 4.
This
week.
Since Sep.
1, 1904.
week.
1904.
816,174
16,913
467,447
82,965
27.327
494,630
35,808
95,086
1903.
185,948
183,606
261,003
41,717
183,919
33,780
119.853
14,394
27,953
106.669
7,803
6.784
183,895
186
163,964
1,699
23,816
33.792
20,046
13,915
1,841
1.521
1.536
1.707
82.885
2.110
2,949
2,353
78,080
20 000
3.636
429.699 3,076,808 412,566 2,392.147
785 025
673.891
Galveston... 111,641 1,003,275 153,228
30,852
8,214
Pt Ar.,&c. 21,786
New Orleans 114,584 698,079 105,936
MobUe
99,112
44,748
723.946
50,446
116,899
14,115
Psaoola, &o. 19,420
Savannah... 77,720
Br'wlok, Ao. 11,784
7,987
Charleston..
45
P. Royal, <fco.
Wilmington. 15,861
11
Wash'n, Ac.
Norfolk
31,442
564
N'portN.,&c
New York...
773
515
Boston
Baltimore.
1,181
9.688
6,601
57,800
7,671
12,803
163
166,897
102
231,980
600
26,768
14
28,060
1,967
1,500
1,185
4,619
1.039
.
190
Phlladel,Ao.
Totals
Stock.
Since Sep.
1. 1903.
263
61
328
148
......
1,967
In order that a comparison may be made with other years,
the totals at leading ports for six seasons.
we give below
Receipts
at—
Galves'n,
1903.
1904.
All Others...
33,843
161,442
106,936
9,688
57,800
12,803
26,772
23,050
263
14,812
wk.
429,599
412.666
<feo.
New
Orleans
Mobile
Savannah...
Ohaa'ton, &o.
Wllm'ton Ac
Norfolk
N. News, Ao.
133,427
114,584
14,115
77,720
8,032
15,872
31,442
564
1902.
1901.
1900.
1899.
102,090
105,629
9,935
60,131
10,747
12,786
16,795
182
10,391
119,311
93,485
4,605
25,245
9,174
6.410
10,800
2,597
24,105
93,436
64,269
318,686 865,484 295,732
262,391
90,947
97,303
11,492
72,058
16,287
17,626
22,797
1,878
25,046
6,788
40,511
8,132
16,315
18,S67
326
14,747
1
I
.
Juieter, with Lake at 13 75® 14c. and electrolytic at IS^^®Lead has been firm and slightly higher, closing at
SJ^c.
Spelter has been unchanged and steady at
4'45@i-50c.
Pig iron has been firm and higher, closing at
5-35c(a'5-40c.
$15 25'@16 76 for No. 2 Northern and $15 75 for No. 2Southern.
Refined petroleum for export has been firm, closing at
Naphtha
7-96c. in bbls., 10-66C. in cases and 5-06c. in bulk.
baa been steady at ll^c. for 71 degrees and 12c. for 76 degrees. Credit balances have been firm, closing at l'66c.
Spirits turpentine has been quiet and easier, closing at 54@
Low-grade rosins have been in small supply and
543^0.
firmer, closing at $2 95@8 00. Hops have been in fair demand and firm. Wool has been in better demand and firm.
Tot. this
Since Sept. 1 3076.808 2392,147 2575,662 2412,546 2616,415 2288.178
The exports for the week ending this evening reach a total
of 320,838 bales, of which 136,233 were to Great Britain, 44,015
to France and 140,690 to the rest of the Continent,
Below
are the exports for the week and since Sept. 1, 19C4.
Week Bndino Nov. 4,
Exported to—
SceporU
from—
Oreat
Brit'n.
^alreiton
4;J.20»
Pt.Arthnr. *c.
New Orleani..
Mobile
Pen«aool8,&c.
SaTannata.....
SniDtwIok
1
France
1
18,773
7.00B
28,48-i
1
10,656
34,912
6,586
1, 1904, u Nov.
Exported to—
From Sept.
„.„,
nent.
Oreat
Franct
Week. Britain.
86,517
98,«9B
430,371
10.480, 18,392
7,932
Gonti'\ lotal
5,991
64,129
177,874
Continent.
171,715
17,30e
8r,283
13.688
Total
3,6fl>i
76,406
140,446
8,30(1
;i,:t-2
11,68*
9,000
176.491
19.027
18,467
1(",989
9.S1)
14,040
64,491
89.408
106,604
29,664
308,66,1
29,460
1004
81,878
72,291
7,681
....
4,
721,900
25,810
888,147
38,660
40,840
448.031
82,460
81,373
119,8!i:8
8,977
e.OT?
6,800
1904.
...
CbariaitOD...
PortBoyal...
Wllmlnffton...
10,843
10,843
Norfolk
N'port N., Ac-
2,300
s,aoo
New
York....
8,318
3.788
Boflton
1,635
1,068
8,698
3altlmore....
Pbiladelpbla.
lan rran., Ao.
4,640
ToUl,
coo
0.3.0
1,476
TotaJ
61,378
4,640
110,418
0?
87,349
O.lSi
87,'.
700
13,061
0.607
186,233
1903.... l07,eW7
9,607
56,061
8,006
39.713
7,8fc6
ao>
3},446
13,863
19,810
19,840
44.015 140.690 880,938 1,040.080 868.9; 8
800,79^ <,093,700
694.476 841.819
660.644 l.eOt.^3o
76,196 18T.79r* 380.690
.
«
.
'
,
THE CHRONICLE
2100
Vol. Lxxii.
In addition to above exports, oar telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special uae by
Messrs. Lambert & Barrows, Produce Exchange Building.
ON
3HIPBOA.HD, NOT 0LBA.RBO
FOB —
Leaving
4 at-
Ifov.
Oreat
OerOther CoastBritain Fr'nee tnany. For'gn toUe.
tlock.
Total.
I
Kew
Orleana.
OalyestoB.. ..
ayaanali..
Obarleston
..
"663
658
2,000
13,176
10.900
13.176
6,500
25,000
87,164 22,043 62,230 42,350 19.801 233,588
551.437
. .
MobUe
i",6do
6',306
2,006
Norfolk
New York
Otlier ports
.
Total 1904..
227
197.118
81,374
107,953
27,300
30,817
6.869
76,385
20.6Z1
12,429 6,791 24,066 20,882
54,435 12,762 12.174 18,4ti8
4,700
7,200
2'6o6
12,000
"ebo 2,506
i",506
11,000
2,000
68,885
3,745 101,574
11,900
Total 1908.. 104.532 68,125 82,^45 32,965 18,156 301,3a3
Total 1902.. 78,281 27,546 64.741 89,194 16,382 210,144
. .
Good Middling
Good Middling
Strict Low MiddUng
Low Middling
Strict
0'62 on
0*44 on
014
0-38
Good Ordinary
72
off
off
off
off
Good Ordinary. ..
100
Strict Good Mid. Tinged.. 0'30 on
On
Middling Tinged.
012
Strict Low Mid. Tinged ...
3i
Low Middling Tinged. ... 050
Strict Good Ord. Tinged
84
0-60
Middling Stained
Strict Low Mid. Stained... 1 06
Low Middling Stained..... 150
.
off
off
off
off
off
oft
off
this basis the official prices for a few of the grades for
week— Oct. 29 to Nov. 4 —would be as follows.
the past
UPLANDS.
Gh>od Ordinary.
Low Middling..
Middling
Good Middling.
Bllddllng Fair..
QDLF.
Good Ordinary.
Low Middling..
Middling
Gtood Middling.
Middling Fair..
STAIKED.
Hat.
9*00
9-82
10 00
Sat.
1044
1086
mom Tnes Wed Tb.
9*00
9-62
9 15
9 77
Frl.
9 15
9-77
1000
9 62 9-77
10 00 10 6
1016 1015
ITEon
Tnea
Wed
Th. Frl.
lU'44 10'44 10-59 10-69 ly69
10-96 10-96 11 11 11-11 11-11
9-3^ 9-25
9-25 940 9'40 940
»-87
9-87
9-87 1002 10 02 10 U2
10 25 10-25 1025 10 40 10 40 10 40
10-69 10-69 10-69 10-84 lu 84 10'84
1121 11 21 11-21 11-36 1136 111 36
Sal.
nion Tuee "Wed Tb. Fri
Low Middling
Middling.
Strict Low Middling
Good
915
9 00
8-50 8-60
9-80 9-50
9'66
9-66
Tinged...
10-00 10-00
Middling Tinged
8-50
9S0
8-65
9-65
9-66
9 81
8-65
966
8-65
9ti6
9-81
981
10-15 10-15
1000 10 15
for middling upland at New York on
4 for each of the past 33 years have been as follows.
1888 ...0. yisja I88O....0.11
1904....C.10-15
1896. ...0. 83i6
1075 1895
1887.
1979
1903
9
116,0
fcOie
9S|g
8-60 1894
1886.
6%
1878
1902
94
Vis,8 1893
838
1885.
938
1877
1901
ll»fl
f8,6
llOg
8*8
1884.
9''8
1892
1876
1900
1883.
1875
1891
ISSj
1899
79,6
86:6
lC9i«
1882.
lOifl
1890
1874
55^8
1898
»h
14»B
1881.
1889
104
1873
8
1897
110b
14»B
The quotations
Nov.
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated iu the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Market
Olobkd.
Saturday.. Doll, 6 pts. adv.
Monday.... Doll
Toeeday... >iiuet
Wednesday Bt'dy. 16 pts. ad.
Thursday.. Quiet A stead;
Friday
Quiet
Total
.
FDTUBK8
Ma&ket
Closed.
Sales of Spot
& Oontbaot.
Ex-
Oon-
Con-
port.
tump.
tract.
steady
Steady
dteady
Steaay
Very steady.
Bceady
1
Total.
1
II
....
....
6.ic6
6,900
1,566
1,5*66
600
600
14.000 14,000
<D
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The Visible Supply of Cotton
I
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to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
Bat to make the total the complete figures for to-night
(Nov. 4), we add the item of exports from the United States,
including in it the exports of Friday only.
1904.
1903.
1902.
1901.
Stock at Liverpool
.bales. 371.000
209.000 24S.000 829,000
Stock at London. ..^^ ..,..., ..^
16,000
19.000
12 000
7.000
Stook at SCanohestw. .....
16.000
17,000
Total Great Britain stook. 402.000 245,000 257,000 236,000
Stock at ri>m i.ntg -,.......„„,
24 000
34 000
9000
12.000
Stock at Bremen ..... .
....^ 128,000
127,000 133,000
91,000
Stuck at Antwerp ......
4000
4 000
5000
3,000
Stock at a^vre.... .............
64.000
51.000
48,000
67,000
Stock at itAarseilles.... ........
8,000
2,000
2,000
2,000
Stock at Barcelona............
15,000
6.060
17,000
37,000
Stook at Genoa.....
10,000
7,000
„^ 27,000 10000
Stock at ''ricmte.._«.
8000
3000
4,000
6,000
Total Oontlnental stocks.
261,000 250,000 247,000 194,030
Total European stocks..
663.000 495.000 504,000 430.000
India ootton Aaoatlor JUurope
21.000
9,000
9.000
23,000
Ajner. cotton »floattor B'rope. 829.000 704.000
682.000 895,000
EKypt, BraEll,&e., aflt.for E'pe
47.000
67,000
66,000
68.000
Stuck In Alexandria, Egypt... 120.000 107,000 117.000
130.000
Stock in Bombay, India. ..._ 177.000 150.000 165,000 116,000
Stock in United dtates ports.. 785.025 678.891 74S 208
739.480
Stock in O. B. interior towns.. 647.266 357,256
528 884 673 367
United States vxportsto-daj.
78.684
28.109
63,253
16,384
Total visible supply
8,197,676 2,640.831 2,881,301 3,003,100
01 tlie abeve, totals ol Amenoan and other desorlpti ons are as follows:
Am»r\»an—
139.000
ijlverpool stock....... ..baUs.
Manchester stock.......
324,000
New tork..
tgrvt Cktod Brown, Liverpool
lOlSe.
11060,
838d.
Billed.
191,000
166000
13,000
15,000
Continental stocks. ...... ....._ 192,000 177.000 219.000
157.000
American afloat for JBurope... 829.000 704,000 6>»2 000 895,000
208
678.891
748
739,480
anltsd States stock
786,026
......
528,881 673,367
EJaltedStateslnterior atookB. 847.266 357.256
78.684
28.109
53,853
15 384
nnltedStatesezporti to-day.
TOtalAmerioan
2,705,676 2,149,831 2,397,201 2,584,100
Ma$l Indian, Bratil, die—
54.000
63,000
47,000
70.000
Uvarpool stock..
12.000
7,000
15.000
19,000
London stock
3.000
2.000
Manoliester stock
'28,666
'87,b'66
69 000
73.000
x>nuttenialsiooK8.._ ..
81.000
9,000
23,000
9,000
India afloat for Europe . .._
67.000
56,000
47.000
62,000
Igypt, BraiU, Ac, afloat. . ..
117.000
130,000
107.000
120.000
Alexandria,
Stock In
Egypt.
177.000 150,000 166 000 116000
9tMk IB Bombay, India.....
492000 491000 464.000 418,000
Total Kaat India, *e...»
Total American.. ....^ ... 8 ,705.675 2,149,831 2,397,201 2,684,100
2.861.201 3.002.100
8,197,675 2,640,831
Total Tlilble Bopply
46„d.
4-52d.
6-94d.
Klddllng Upland, Liverpool.
5'44d.
JClddllnK Upland,
Pern r Boogk GhM>d, Liverpool
Broaeh Fine, Llreiipool
nnnevaur eeod. lifTerpooi...
.
6,io6
6,800
(PCD
I
o
I
377,688
688,064
Speculation in cotton for future delivery has been on a
limited scale only, Early in the week there was a moderate
advance in prices. Some local operators, It was understood,
took the bull side of the market, and their buying, together
with a subsequent demand which came largely from shorts
to cover contracts, resulted in an upturn to values. The
completed report of the Census Bureau of the amount of cotton ginned to Oot. 18, and which was issued on Thursday,
had a strengthening icflaence upon the market, as the
quantity reported, 6,417,894 square bales, was not as large as
expected, although exceeding last season for the same period
by 2,711,000 bales, and two years ago by 734,000 bales. Reports continued to be received from the S^uth that sellers
were holding cotton, and this, too, had some inflienoe in
favor of the market. The demand for actual cotton was reported by many as being of a very ordinary character, only
little disposition being shown, it was stated, particularly on
the part of the domestic spinners, to buy in advance of current wants. To-day there was a steadier market early. Subsequently, however, under the large "in sight" movement for
the week, which made the high record thus far this season,
the market turned easier and prices declined. The close was
steady at a net loss for the day of 12@14 points. Cotton on
the spot has advanced, closing at 10'15c. for middling uplands.
The rates on and oflf middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades otlier than
middling may be delivered on contract, are as follows.
Fair
Good Middling Tinged 0. Even
c. 1-30 on
Middling Fair
096 on Strict MlddUDg Tinged... 006 off
Strict
I
10 65d
9 OOd
6>«d
6Bgd.
6381.
6i«d.
8-4S0.
7iied.
e-90d.
4iiiad.
4«333d.
7is,,e.
6»i«d.
fd.
47jaL
47i,d.
past week have been 139,000 bale?.
tW Continental imports
for 1904 show
increase over last week
The above
figures
an
of 243,293 bales, a gain of 556,844 bales over 1903, an excess of
836 474 bales over 1903 and a gain of 195,076 bales over 1901.
—
f
Nov.
.
At the Interior Towns
movement-that
the
the
is
since Sept. 1, the shipments for the
and the same items for the
to-night,
week and the stocks
set out in detaiTbelow.
1903-i8
of
period
corresponding
week and
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOSmO QUOTATIONS FOR MIDDLING COTTON ON—
Week ending
Nov.
4.
§0808
i^o9S
9»>6
MobUe
97,ft
Savannah...
Charleston
Wilmington.
Norfolk
Boston
sal
Baltimore...
Pbiladelph'a
nguBta.
.
!
.
.
B?' a
3>"i:
:
:
;
!
;
SaVday. Monday. Tuesday. WeWday. Thursday Friday
Galveston.
New Orleans
.
«
B
2101
THE CHRONICLE.
5, 1904.1
receipts for the
.
98^"
995
9-75
10-25
989
912
908
91a
Memphis....
.
St. Louis....
Houston
988
99l6
97,a
97,8
938
908
99,6
97,8
97,6
938
...
9
Little Rook..
9iir«
-CO
934
9lli«
91I16
9i«ie
9^
9%
99i«
99,8
9i«
988
99.6
989
989
9ifl
9ifl
*9%
913V6
1015
1000
H
10 00
10-15
9-75
10-25
9-75
10-25
9-75
H'-40
9-75
9-75
io-4o
10 40
9»16
9»3
9»8
912
988
91a
988
989
9%
911 g
989
983
988
9%
9%
9%
9%
9
9
9
914
938
934
988
9Ui6
The closing quotations to-day (Friday) at other important
ii2iiiri¥riiirisiiisisiiiiiiiMl
Southern markets were as follows.
A.tlanta
Columbus, Ga.
Columbus.Mies
.
958
9ie
9»e
Louisville
9^8
Montgomery..
NashviUe
9»«
912
Natchez
Kaleigh
Shreveport
—
99i8
99i8
99ib
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
"..,
VX — m
e»
M Ki CO 000^ » CJilo <1 en CO O"
!*»•*•
aD0t!05<lW-CIOaQDr'W
Sat'dav.
Oct. 29.
MMOl to MMMW
•-'MM to
i-iMI-'
^ ,
m
OMKia>aK)MMMMM*.05WXO'WMa5W WM«.|t><IMWpW:^Wp>
^fti
OCTOB'
i^S
Nov.
Oct. 31.
Closing..
Mahch—
M
Range
»
tototo-ti^MMM^i
coo
COM
"io "coK)
as ®"V4 oi M%- w'-a o< b aw
-'weH:«!^»-;SS''^S-
Closmg..
Mat-
wboabb" co<ltco<co^i^®;-jato50
Range..
oSSoO-^t3M«toiP.<lOMai<iaDMM«ir-cog:wcoOiOqaOi<lrf^ww
Closing..
9-67--68
9-62--63
9-75--85
9-82-'83
9-73--85
9-76--77
9-&7--97
9-93--94
9-859-87-
Firm.
Steadv
Easy.
Steaay.
ONE—
«M
W
0>W
to
Spot...
Options.
t9»OMp<Itf^_M«K)a50
KwCOW-OOtOMO)
M-4SoSS>c;-MQOts0^05^00 03too;cn050ffl>f-OOCn»ai(»joo5«M
1^
oi 5o
>-'\-'
Ol
1^
M
l-iM
MM M M M w O
eoMM
>^05aDl|ktOll^COMCO<JOW
Qop to
1*^
OS
to
c;"
oi *k
riifj%>'to'f»i>.'fecjiVait»to'^b3tOO:«cbbo>"Oi
M
m W lo MO ts M ~1 O tO CO
g g^S§gSSSSii:§M£S;^;s:St25:5*5:S£5;*:;^oS<o»M
The above totals show that the interior stocks have increased during the week 58,487 bales, and are to-night 19'],010
bales more than same period last year. The receipts at all the
crop
towns have been 37,294 bales iess than same week last year.
Week and Since Sept. !.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
The results for the week ending
reports Friday night.
Nov. 4 and since Sept. 1 in the last two years are as follows.
Overland Movement for the
We
November
Since
4.
Week.
Sept. 1.
Since
Week.
Sept. 1.
—
Shipped
Via St. Louis
Via Cairo
Via Book Island
Via Louisville
Via Cincinnati
Via other routes, &o.
Total gross overland
Deduct ghipments
Overland to N. Y., Boston,
20,369
14.927
1,632
5,101
1,881
6,183
57,808
49.104
4,207
12,742
6,376
27,968
12,607
8,162
93
158,205
50,<
—
29,881
29,687
500
l,0?il
2,576
5,249
5,833
4,891
21,516
29,867
92,859
773
interior towns
Inland, &o., from South
2,659
1,148
1,557
8,343
1,601
6,895
.«40
l,7:i2
1,667
6.605
2,126
9,483
Total to be deducted
5,364
16,839;
3,929
18,214
Ac.
Between
Nov. 4.
©
9-70
9-71
9-C3--84
9-82--83
9-65 82
9-67--68
9-79--89
9-79--80
9-73--93
9-91--92
9-74--91
9-89--08
9-95--96 10-07--08
9 90-08
9-76-77
a.
9-94-05
9-91- 92
10-07-15 10-10--20 10 01-17
10 06-07 10-19-'£0 10-03- 04
Firm.
Steady.
Firm.
I
Steady.
Easy.
Steady.
market has been on a liberal scale.
Galveston, Teajas.— We have had rain on two days during
the week, the rainfall being eight hundredths of an inch.
The thermometer has averaged 67, the highest being 74 and
to
the lowest 60.
during
Abilene, Tearcw.— There has been rain en three days
of
hundredths
sixteen
reaching
precipitation
the
the week,
40
inch. The thermometer has averaged 54, ranging from
an
1903
1904.
3.
Weather Reports by Telegraph. -Reports to us by
has
telegraph from the South this evening denote that rain
whole,
the
on
although,
week,
been quite general during the
to
the precipitation has been moderate. Picking continues
make good progress as a rule, but has been interfered with
of the
in some localities by wet weather. The movement
^s
to
>-'r-'
Nov.
2.
Nominal.
Dbc'bek—
9-53-63 949--61
Range
9 59-60 9-83--54
Closing.
Jan'art9-60--71 9-50--70
Range
to
Nov.
.
Closing..
.
rtK2?SoSMSSSSoSil-iO*-0>50C0WOCDa3lClf'-^*.M^05!0
1.
—
Range
aa«wos<JtOif^!OflooDop
>>V3 0*Mlo1uM<o"io''-'0*'-a«eo*«''*'<iO"WQPil».
Monday, Tuesday, Wed'day, Thursd'y Friday,
therPalestine, Texas.— l^ has been dry all the week. The
mometer has ranged from 40 to 76, averaging 54.
San Antonio, Texas.-We have bad rain on three days of
ot
the week, the precipitation beiag twenty-seven hundredths
an inch. Average thermometer 63, highest 76 and lowest 50.
have had a trace of rain on two
Fort Worth, Texas
days during the week. The thermometer has averaged 56,
the highest being 70 trnd the lowest 43.
Corpus Christi, Texas.— We have had rain on three days
hundredths
of the past week, the rainfall being eighty-two
from
of an inch. The thermometer has averaged 69, ranging
—We
New Orleans, Louisiana.— B.&\n has fallen on one day of the
week, to the extent of twenty-six hundredths of an inch.
|
Average thermometer 64.
Shreveport, Louisiana,— We have had rain on two days
* Including movement by rail to Canada.
during the week, the rainfall being five hundredths of au
the highest being
The foregoing shows that the week's net overland movement inch. The thermometer has averaged 60,
lowest
43.
and
the
78
the
for
bales
this year has been 44,729 bales, against 25,938
Columbus, Mi88i8.sippi.—We have had rain on three days
week iji 1903, and that for the season to date the aggregate net
of
the past week, the rainfall being eighty seven hundredths
overland exhibits an increase over a year ago of tt6,72I bales.
of an inch.
^,
,
Leaving total net overland'
.
.
44,729
I
141.3661 35,938
74,645
.
1904.
1903.
In Sight and Spinner
Takings.
Week.
Since
Sept. 1.
Since
Week.
Sept. 1.
429..'S99l3.076.808 412,566 2,392,147
'4,645
44.7291 141,366 25,938
Nov. 4.... 42,000' 359,000 42.000 36;»,000
Receipts at porto to Nov. 4
Net overland t« Nov. 4
Southern consumption
516,328 3,577,174 480,504
56,487 485,0C6 58,569
Total marketed
Interior stocks lu excess
2,83.S
792
345,654
I
Came into
Bight during week. 574,815
Total in sight Nov. 4
i
North, spinners' tak'gB to Nov. 4.' 97,427'
537,093
4,C62,180|
44 2,576' 63,983
3,1 B 1,446
1902
19011900
1899-
Nov.
Nov.
Nov.
Nov.
into sight in previous years.
BaUs.
Since Sept. 1—
44l,l.'j9 1902-- Nov,
7
7
498,477 IPCl-Nov. 8
8
426,740 1800-Nov. 9
9
403,'J03 1899-Nov. 10
10
snd the crop is doing well. We have had rain on two days
duTimj the week, the rainfall being forty-two hundredths of
an inch. The thermometer has averaged 58, rangmg from
41 to 73.
3..">91,S4l
^
J
*u»
Helena, Arkansvi.-We have had rain on two days of the
inch.
an
of
hundredths
seventy
week, the rainfall reaching
The th^rmometer has ranged from 37 to 74, averaging .'^5,
e have had rain the pa^r week, the
Nashville, Tennessee.—
The therrainfall being one inch and eleven huadredthc.
the lowand
being
71
highest
the
55,
averaged
has
mometer
3.388.858
eat 38.
348.C36
Movement
Week—
.
Leland, Mississippi —Rain has fallen during the week to
therthe extent of one inch and fifty five hnndredthp. Tne
mometer has ranged from 88 to 80, averaging 57'9.
days or the
Ficfc.siwrg, Mississippi.— It has rained on three
AverInch.
of
an
hundredths
tifiy-five
of
extent
the
week to
age thermometer 61, highest 76 and lo«vest 50.
frost yet
Little Rocfe. Arkansas.— Wf^ have had no killing
Bales.
3.661,6S2
3.401.203
,
W
I.
-
.
.
,
2102
THE CHRONICLE.
Memphis, Tennessee.— E^rly part of the week tine plckinff
weather but the last two days too wet— the only time this
season that picking has been Interfered with. We have
had
rain on two days of the week, the precipitation
being fifty°^ *° *°°*'' Average thermometer 67 -6,
u.t ^^^.^l^^^^^
highest,
73 8 and lowest 42-8.
Mobile, 4?a6ama. -General rains in the interior
latter part
of the week. Cotton picking made good
progress early bat
was interrnpted later by rain, and is aboat completed
on up^*^® '^^'^ "*° °° *^o '^aye the past week, the
!•!»
f 11
K
rainfall
being
one inch and ninety-one hundredths. The
thermometer has averaged 63, ranging from 49 to 75.
Montgomery, ^tabawa.-Drought is broken. We have
had
rain on two days during the week, the
precipitation raachtng
ninety-four hundredths of an inch, Turning
colder
ihe thermometer has ranged from 43 to 76, averagingto-day.
59
Madison, Florida.-RsUn has fallen on two days of
the
week, the rainfall reaching two Inches and fifty
hundredths,
4?^'^' ^*^ averaged 60, the highest being 75 and
Market. -Our report received by cable
f^ f^;?w^^^^^.
to-night
from Manchester states that the market is firm
for
^^^ ^^"''"'^ f^'- both India and
Oh n/Y°^ *°^ ^^w*'°^f
W«.gl^« the prices for to-day below and
^""fleave those
for previous weeks of this and last
year for
•
Sl«M^
comparison.
1904.
,
the lowe'sT
Savannah, Georgia.—We have had rain on two days of the
precipitation being one inch and ninety-two hundredths. Ihe thermometer has averaged
61, the highest being 71 and the lowest 43.
Greenwood, South Carolina.— There has been rain on one
day of the week, the precipitation being twelve hundredths
of an inch. The thermometer has averaged
53, the highest
e>
e
being 64 and the lowest 48.
Charleston, South Carolina.— R%ln has fallen on three
days during the week, the rainfall reaching one inch
and fifteen hundredtbs. The thermometer has
ranged from 51 to
week the
>
averaging
70,
61.
The f oUowing statement we have also received by telegraph,
the height of the rivers at the points named, at
8 A. M. Nov. 4, 1904, and Nov. 6, 1903.
sho^ng
Nov.
New Orleans
MempMs
Above zero of gauire.
Above zero of gauge.
Above zero of gauge
Above zero of gauge
Above zero of gauge
wasnvuie
Shreveport
Vlcks burg^
4, '04.
Nov.
6, '03.
Feet.
Feet.
3-8
4-5
6-7
4-4
8-8
2-8
09
10
3-4
12-9
India Cotton
Movement from all Ports.— The receipts
Bombay and the shipments from all India ports
ot cotton at
for the week ending Nov. 3 and for the
season
to iNov. 3 for three years have been as follows.
1904.
Beeeipts
at—
Bombay.
Week.
Sept. 1.
17,000
77,000
Since
7,000
from—
Oreat
Britain.
Continent.
Since
Week.
49,000
Sept. 1.
6,000
Since September
.Exports
Oreat
Britain.
Total.
1
1902.
Sept. 1.
For the Week.
Sept.
32,000
1.
Total.
Bombay—
1904....
1903....
1902. ..
Calcutta 1904....
4,000
4,000
4,000
4,000
2,000
24,000
21,030
2,000
26,000
22,000
3.000
5,000
3,000
4,000
5,000
1,000
4,000
1,000
2,0^0
1,000
1903...
4.OO1)
1902....
Madras —
1904.
1903....
.
1902
All others—
1904...
1903...
1902
Total
..
1,000
1,000
1,000
4,000
1,000
2,000
2,000
1,000
2,000
2,000
1,000
24,000
22,000
19,000
24,000
22,000
19,000
30.000
54.000
46.000
30,000
56,000
47.000
aU—
1904
1903
1902
2,000
7,000
8,000
Alexandru.
I
Receipts
2,000
7,000
5,000
2,000
1,000
and Shipments of Cotton.—
Alexandria, Egypt,
November
2.
1904.
1903.
Exports
(bales)
'
Liverpool
Manchester
Continent
America
8.
d.
d.
8.
Oolfn
9^ lbs. Shirt- OotVn
Mid. 32» Oop. ings, common Hid.
Twist.
Vplds
to finest.
Uplds
d.
d.
d.
d.
7
6
6
5
as
as
as
as
544
5
-as
5
as
5 32 8I2
888
®9l8
®9l4
^r
04
d.
8.
5-80 8^ «938
5 62 8ii,e®9i4
5 SO 811)6»9»4
5 33 8>s ^9i«
2
Oi*
IV,
lifi
m
6
5-80
5-94
5-74
5-74
5-94
Cotton Consumption and Overland Movement to
-hJelow we present a synopsis of the crop movement Nov 1
month of October and the two months ended Octoberfor the
31 for
three years.
1904.
9ro88 overland for October.
.
bales.
Orosa overland for 2 months
Net overland for October
Net overland for 2 months
Port receipts In October
Port receipts In 2
1.73 2,664
months
^S03,365
Exports In October
Exports In 2 months
Port stocks on October 31
Northern spinners' takings to Nov. 1...
Southern consumption to Nov. 1
Overland to Canada for 2 months (InclQdedln net overland)
Burnt North and South In 2 Months
Stock at North'n Interior markets Nov. l
Came In sight during October
Amount of crop in sight Nov. 1
Came In sight balance season
Total crop
Average gross weight of bales
Average net weight of bales
Bureau's
1903.
110,412
130.115
99,50b
115,184
1.309,791
1,984,310
653,018
383,440
331,000
1902.
67,941
162,141
67.22«! 203,028
48,93l{ 142,293
60,647
172,841
1,478 899 1,353,217
2,055,870 2,256,976
1,143.837 1.007,851
1,405,701 1,575,859
562,43b1 638,446
302,317 374,140
331,000J 353,000
14,192
5,522]
8,422
I
170
900
2,698
5,423|
8,809
2,326,819 1,930,830 1.943,216
3,700,549 2,''42,M7|3,2 17,523
7.38l,169'7,540.803
10123686 10758 J26
522-57
500-22
51343
49117
611-60
490-07
Report on Cotton Ginning -The
Division of Manufactures in the Census Bureau
completed
and issued on Nov. 4 the first of its series of reports
on
cotton-ginning the present season as follows:
>—OoUon Qinntd to Oct. 18, 1904
^-Ootlon Ginned to--.
Sea
October IS.
m„,„,
^''
Island
1903.
.,
1902
a, i
States
and
running
Square Round crop. Running
Running
—
bales.
bales.
bales.
—
.
bales.
baits
Dn. States.. 6,5o», 137 6,295,960 18o,486 31,691 3.839 <}!27
Alabama..
894,670 675,817 18.853
446.'l02
Arkansas...
237.776 237,645
181
129 833
Florida
40,642
28,661
12.081
23 436
Georgia .... ^•?tMT^l'<'31.»9l
8,217 17,271 619;644
Indian Ter.
181,316 170,272 11,044 ......
68,823
KaDsas. ....
Kentucky..
284
Louisiana..
392,758
561.704
10,621
309.097
106,237
Mlssisslpol.
Missouri.'..
N. Carolina.
284
374,443 18,315
561,440
264
^^^'J^^^ff
tales.
5,9.5,872
58\763
860.800
29.779
906,949
301,019
'211
2B4
241,100
479 103
369,408
569,126
8 027
14,963
232 625
303.029
.....;
40526
S4.6»9
2,339 4
709
601,431
......
89 748
121,180
1,065,'229 1,781,797
10,621
309,097
102,483
3,774
S. Carolina.
«27,518 ...:....
®22'^tl
Tennessee..
79,688
79,416
272
Texas
2,201,663 2,082,017 119,616
Virginia....
5,145
5,145 ........ ......
3511
5625
The above statistics of the quantity of cotton glnned'were
oolleote'd
IS'^i^ldaal glaaerles of^ the oouon States by
wa>°f
i«f V*''^?
local
special
agents°^*H?
of the Bureau of the Cdusus, who'found that
39 110
ginneries had been operated this season prior to
October 18 and that
Sinned 6,508,137 running bales, or biles as pressed
at the
^^n^tn**^ Counting round as
ginneries.
half bales the numb-»r Is
against 3,7o6,248 bales In 90 i. Tbe number of glnnerlee 8 417 894
ODerated to
'^°^ ''*' "''^" *°** *" *^' sam/date In 19 92 reached
Oklahoma..
U
1
Sm'
be followed by four others, showln? the qiantlty of
'^® S'^i^^^ of 1904 to November 14, t,/Deoember
ouomuor
^Xfl^^ti
January^\T
16, and to the end of the leason.
Government Weekly Cotton Report. — The regular
13, to
280.000
1,306,757
This
Since
week. Sept. 1.
333,000
5.500
5,000
7,000
900
360,000
1,619824
1
1
To
To
To
To
d.
8p. 30'8i6,e«988 5 lli9»9
Oct. 7 8 ''a asos 5 llia»9
" 14 838 -assg 5im)«9
" 21 Si* 31914 6
«9
" 28 838 •»9ie a Q '^9
Nov. 4 838 ®9i« 6
-39
„«(ji!n^»1S^'A^"^
1902.
Receipts (cantars*)—
This week
Since Sept. 1
32« Oop.
TwUt.
Territories -
Continent.
1903.
8J4 lbs. BMrt
ings, common
to finest.
CENSUS
1903.
Since
Week.
from
fVOL. LXXIX.
1.8S4.368
This
Since
week. Sept. 1.
31,968
4.000
22,424 6,250
44.207 10,000
5,876
400
This
Since
week. Sept. 1.
39,965 13,4S7
19,110 4,735
49,488 9,327
2,976
3,761
56.336
23,937
51,653
12,198
Total exports
18,400 104,4^8 20,650 111,538 31,310 144,124
A cantar Is 98 lbs.
EoYPTiAN
Crop.— Messrs. Caoremi, Benaohl
Co. of B03*°d,Alexandria, Egypt, write under date of Alexandria,
^°f'
UJtober 15, as follows :
'^^''y onniotlng and It is dlfflault
to form a definite
^^V^K^J^''^^^^^?^^
opinion y«t. Tue rumors mentioned above are
no dout't ex*«^erat«rt
•^'^« '° *»>« «™»'l interior m.^ement.
whVJt"^^.^"^
which
has b^en general lately all over the count The hot welthe?
-y has UQ^loubfedfv
tl'e.«o°<»tlon of the plant and we cannot, with
the InformaJSiST^^
tion we have in hand, foresee a crop under
that of last seas
&
'
Jute Butts BAaaiNo, Etc -The demand
m
for bagging dnrlight, but prices are unchanged at e?/-,. for 134: lbs. and 6^g.. for 2 lbs.,
standard
grades. Jote butts dull and featureless
at l\4(SiVXz
for
paper quality and a@23^c. for bagging qiallty.
ing the past w-ek naa been very
weekly cotton report issued by the Climate and Crop Division of the United States Weather Bureau through
the New
Orleans Weather Offioe, for the week ended October
81, and
telegraphed to the N. Y. Cotton Exchange, was as follows:
"" *1*'"'*° picking prevailed generally, except
th^fflAM n^^Yf*^^^®'
0Pf;at'0°« ^ere temporarily interrnptel by r »1q In Texas.
of the cotton crop has been saved la goid
condlrlon. Texas
reports small remnants of unpicked cotton somewhat
damaged by recent rains and there wai soms Injury by fro« In
northwestern connlocalities
IQ
Louisia'ia
and Mississippi one-fourth or
1?*^"^^
^„l'.
more of the crop remains In the fields.
^ht*^.
w
The
bulk
New England
Cotton Mill Situation.— Advices from
Fall River indicate that an effort to start the
mills will
likely be made on November 9.
Shippinq News.— As shown on a previous page, the
exports of cotton from the United States the oast week have
reached 330,938 bales. The shipments in detail, as made up
from mall and telegraphic returns, are as follows:
NbwYokk-To
Liverpool, per steamers Armenian,
Baltic, 1,176
To Hamburg, per steamer Pennsylvania' 67
To Antwerp, per steamer Kroonlacd, 358
To Genoa, per steamer Koenigen Luise, 1.123
To Naples, per steamer Koenigen Lulse 600
To Trieste, per steamer Slavonla, 164.
.
300^!.*'.'"*
""'*'
1476
'
l
67
358
123
eoo
164
e
KOV.
.
THE CHRONICLE
5, 1904.]
Total bales.
OBi,EAM8-To Liverpool— Oot. 28— Steamer Hantsman,
22,169
18,119.... Nov. 2 Steamer Nloaraguan. 4,050
6,;-13
To Belfast— Nov. 1— Steamer Glenarm Head. 6,313
19,656
ToHavre— Oct. 31-Steamer Montreal, )9.»^56
5,991
To Bremen- Oct. 29—Steamer Sverre. 6,991
7,080
GALVESTON-To Uverpool-Oct. 28 Steamer Polycarp,
Nov. 3 -Steamer
Oot. 29- Steamer Misfiouri, 21,325
Kbw
.
Bernard, 7.687
.^
-„-;v;;--
ToMaroheBter Oot 23-Str. Ramon de Larrlnaga, 7.117..
To Havre Oot. 28— S'.eamere Monomoy, 18,334; Penrith
—
Castle 5 43P. .......
31-8teamer Gladestry,
10,692
6,5f-2.
To Biemen— Oo'. 29-8teamer Lord Roberts, 8.007
Nov. 3-8teamer
Oot. 31-Steamer Noldenfeis, 11,911
Louisiana, 11.819
To Warberg- Oot. 31— Steamer Neidenfels, 2
To Hamburg -Oot. 31 - Steamer NeldenTels, 900
To Antwerp— Oot. 29— Steamer Lord Roberts, 100
To Ghent- Oot. 29- Steamer Lord Roberts, 150
Oot. 31
To Reval— Oot 'y9-8teamer8 Lord Robens, 100
- Steamer Keldenf els, 500... Nov. 3— Steamer Louisiana,
The
prices of futures at Liverpool for each day are given
Prices are on the baais of Uplands, Good Ordinary
clause, unless otherwise stated.
fAe prices are given in pence and lOOtA. Thus: 6-27 meant
6 27-lOOd.
tW
18,773
Oot. 31 Seaocers Kastalia, 6,9^9; Oldhamla, 11,931. 24,220
To" Manchester— Oot. 29 Steamer Sandy Ford, 4,100
2103
below.
^5**?2
7,117
28
Oot. 29
To Breinen- Oct." "steamer Hannover, 9,315
29.1S1
-Steamer Mlsslealppl, 19,816
Inchmaree,
2,263.
2,263
To Hamburg -Nov. 2- Steamer
Oymbeilne,
1,145.
1,145
Steamer
31—
Oct
To Rotterdam
3 978
To Antwerp -Oot. 29-8teamer Penrith Oaetle, 3.978
Str.
Conlston,
7,902...
7,902
POKT Arthur-To Liverpool -Oot. 29
10,490
Horsley,
l'>,490
Steamer
1—
Nov.
To Bremen—
8,977
Mobile— To Ltvprpool— Oot 28 -Steamer Dalton, 8 9 77
Pbnbacola-To Llveri odl- Nov. 3-8teamer Ernesto, 5.500... 5,200
Shl(
Manchester
per,
5,586
-..
5,586
29-8teamer
Havre-Oct.
To
To Bremen Oct. 29— Steamer Manchester Shipper. 7,681. 7,681
Sandy
Ford. 5.270
SAVANNAH— To Liverpool— Oct. 28 -Steamer
Oot.
.
:
Sat.
ITIon.
Oct. 29.
Oct. 31.
Tnes.
"Wed.
Sov.
N^ov. 2.
1.
Tlinrs.
Nov.
Frl.
Kov. 4
3.
I2I3
1 121a 4 12ia{ 4 12ia| 4 121s 4 12ia{ 4
P.M. P. M. p. M, P.M. P.M. P.H, P.M. P.M. P.M. P.H. p.M.r.H.
d.
d.
I
October. ... b 27 5 23 5
5 28 5 235
Oct. -Nov..
Nov.-Dee... 5 25 6 21 15
26 5 22 5
Dec. -Ian...
Jan.-Feb... 5 27 5 235
S 29 5 24 5
Feb.-Moh.
Mch.-Anrll. 5 SO 5 26 5
i31 5 27 5
April- May
May- June.. 5 32 5 28 5
June- Inly. 5 32 6 28 5
5 32 5 28 5
July-Ang
Ang.-Bept .
.
31,817
2
d.
d.
25
25
23
24
2s
27
28
29
d.
d.
d.
d.
5 26
5 24
6 25
5 26
5 28
5
5
30 5
30 5
80 5
5 23 5 2f 5 30 5 84 6 83 5 28
621 5 23 5 28 5 32 5 31 6 26
5 22 5 24 5 29 5 33 5 32 5 27
5 23 5 2f 5 30 5 34 5 38 5 28
5 Vi4 5 2t 5 31 5 36 5 34 5 29
29 5 25 5 27 ^33 5 37 5 35 6 31
30 5 26 5 28 5 34 5 38 5 37 5 32
31 527 5 25' 5 35 5 39 5 37 5 33
31 5 27 6 2P 5 35 5 .'JO 5 37 5 33
31|6 27 6 29 5 34 6 38 5 37 5 33
6 86 6 33
5 38 5 31
5 34 5
5 35 5
5 36 5
5 38 5
5 39 5
5 40 5
82
33
35
36
37
38
5 40 5 38
5 40 6 3S
BREADSTUFFS.
900
100
150
Friday, Nov.
4, 1904.
Prices in the local market for wheat flour have been easier,
selling limits of both epring and winter-wheat flours being re1,200
600.
15 duced. At the lower basis of values a fair volume of business
To et. Petersburg Oot. 29 Steamer Lord Roberts, 15
Nov. 3—
has been transacted, some dealers showing a willingness to
To Riga— Oot. 31- Steamer Neldenfels, 100
400 operate more freely, evidently showing more confidence in the
Steamer Louisiana, 300
100
To Rotierdam-Ocl. 29— Steamer Lord Roberts, 100
650 stability of present market prices. City mills have had a
ToNorrhoplng Oot. 31-Steamer Neldenfels. 650
moderate sale at slightly lower prices. Rye fl )ur has had a
To Nyboplng Oct. 9— Steaner Lord Roberts, 41
848 limited sale at a steady basis of values. Buckwheat has
Oot. 81— Steamer NeldOLfels. 807
200
To Gothenburg- Oot. 31— Steamer Neldenfels, 200
100 been offered at lower prices, but the close was steady. CornTo Maimo-Oot. 31— Steamer Neldenfels, 100
100 meal has been in moderate demand and steady.
To Uddevalle— Oot. 3l-Steamer Neldenfels, 100
400
To Oporto-Oot. 29-8teamer Sandy Ford, 400
Speculation in wheat for future delivery has been on a
Oot. 31—
To Barcelona- Oot. 59— Steamer Oiara, 4,318
limited scale and for the week prices show only a slight net
14,784
Steamer II Plemnnte, 10,466
75 change. Early in the week there was a moderate decline in
To Pasages- Oot. 31— Steamer O'dhamla, 75
1.300 values. European advices had a depressing influence, they
To Genoa— Oot. 3l-8teamer II Piemonte, 1,900
700 reporting lower prices, and the Russian exports for the preTo Venice- Oct. 29- -Steamer Ciara, 700
f50
To Trieste— Oot. 29- Steamer Olara, 650
ceding week were exceptionally heavy, reaching record
3
1—
Str.
Skerry
Bremen-Oot.
vore,
To
10,243...
10,243
Wilmington—
2,300 figures for the season. Despite the falling off in the crop
HOKFOLK— To Hamburg- Oot. 81-Steamer Brltania, 2,300
70 movement in this country the increase in the visible supply
Boston To Liverpool -Nov. l—Steamf^r Bohemian, 70
1,466
To Manchester— Oct. 28— Steamer Bostonlan, 1,465
fairly full one, indicating a less active demand from
1,050 was a
To Genoa-Oot. 29— Steamer Romanic, 1,050
millers and a smaller distribution. Subsequently, however,
To Yarmouth— Nov. 1— steamer Prince George. 8
8
BALxntORB- To Liverpool- Oot. 23-8tr. Rowanmore, 4.540... 4,540 the market turned stronger. There were reports of unfavorSab FBAN0I80O— To Jaian— Oot. 29 Steamer Algoa, 6,649 ... 6,649 able weather in Argentina for the growing wheat crop and reSbattlb-To Jawan— Oot 29-8teamer Texan, 1,494
Nov. 1
-Steamer Pleiades. 655
2,149 ports from the winter-wheat belt in this country complained
809 that crop prospects were less favorable, rain being needed,
Taooma—To Japan— Nov. 1— Steamer Pleiades, 809
Total
.320.938 and damage was reported being done by the Hessian fly. Reports relative to the European political situation at times
Cotton freights at New York the past week have beet
also had a bullish inflaence upon the market. Shorts of December delivery have continued to show nervousness, owing
Satur.
Mon.
luet. Wedne$. r*i«r«.
Fri.
to the limited stocks of contract grades, and have been buyc
15
15
16
18915 13916 13916 ers to cover contracts. The spot market has been quiet. ToLlTerpool
13i«
13i«
13i«
18>«
Manchester
131a
13H>
day there was a quiet and easier market under weaker Euro25*
25*
26*
25*
25*
25*
e
Havre
pean advices and increasing receipts in the Northwest. The
Bremen.... ......
20
20
20
20
20
20
spot market was quiet.
e
30
20
20
Hunbarg
20
20
20
DAn.T OLOBINO PRICES OF WHEAT FUTUBB8 IK
*
15
15
Antwerp, askc d c
15
18
16
16
fri.
Mon.
Sat.
Tues.
Wed. Tkurs.
21i«
21I3
Ohent.v.Antw'p.c.
21ifl
21>«
No.2redwlnter, f.o. b... 120i« llSk I1914 H914 12Cis 119i«
Deo. delivery In elev.... 1171a
115\ llO^lt I1714 117»8 117
Beval, indirect..
26
26
26
26
26
26
112''8
112ia
113ie
llisa
May delivery In elev
II314
113»a
Beval, via Oanal.e
28
28
28
28
28
28
DAILT OLOSINO PRICES OF WHEAT FUTITRBS IN OHIOAOO.
Baroe.'ona. NOV..C 20925 20O25 20O25 20S25 20925 20925
Tiies.
Thurs.
fri.
Mon.
Wed.
8at.
eeno«,Nov
t.
I5G18 15918 15«18 15918 15913 15918
112i8
lioss 112>4
112
1\2^ lllSg
Dec. dellv. in elev
Trieste
c
llli*
23
23
Ill
II014 Ill's
28
23
23
Hi'^s II214
23
Mav dellv. in elev
98i8
97ia
9514
98''8
July aeilv. in oiev
95%
97''e
Jaoan (via 8nez).<r
......
* And 6 per cent.
Only a limited amount of speculative interest has been
Quotations are oents per 100 lbs.
LivBEPOOL.— By cable from Liverpool we have the following shown in the market for Indian corn futures and the slight
charges that have occurred in prices have been towards a
rtatemeot of the week's sales, stocks, &c., at that port.
lower basis. Weather conditions in the corn belt have continued favorable for curing the crop, and one authority
Oct. 14
Oct. 21
Oct. 28
Nov. 4
states that the week has been favorable for progress in securBaleaot the week
balea
43 000
45 000
46 000 ing and ciibbine corn. The yield indications have been
40 000
Of which exporters took.
1,000
1,000
2,000
1,000
maintained; marketing has not been hurried. Receipts of
Of whloh speculators took
1.000
Bales American
35.000
37,000
33 000
40 000 old-crop corn have been only moderate, but many of the
Actual export
.
3 000
.^,000
6 000 trade are looking for fairly good receipts t f new corn from
2,000
Forwarded
82000
83,000
90 000
76 000
Total stock— Estimated
150 000 252,000 303000 371 000 now on, and are holding cff. Reports have been current of
Of which American— Est'd
107,010 205,000 261,000 824 000 some export husinpss in new crop corn for direct shipment
Total import of the week
95 000
190 000 128 000 ie4 0(0 frcm tbe West. To day the market was quiet but steady.
Of whloh American
89 000
1.^6 000
172,000
11.^,000
The spot market was steady.
Amount afloat
463 000 411,000 S8fi 0(10 384 000
Of whloh American
DArLT OLO8IMO PRIOBB OF NO. 2 MIXED CORN IN NE^T YORK.
430 000 3S: 9,000 356 000 8 ii) 000
•-
•;
NEW YORK
sm
The tone
of the Liverpool
2m
market
for spots
and futures
each
(Jay of the week ending Nov. "4 and the daily closing
prices of spat cotton, have been as foilowa,
0.
b
Deo. deliver V in elev
May deUvery In elev
Mon
Wed.
5988
56i6
5978
5«38
69%
6'
50''e
50%
61
SeVt
5li«
56»4
5114
DAILY CLO8IN0 PRICES OF NO. 2 MIXED CORN IN
SaVday.
«po(.
Market, (
12:30 p. M.|
Mid. Upl'ds.
Sales
8peo. ifcexp.
Qalet.
MorULay Tuesday. Wed' day. Thursd'y Friday.
More
Qalet.
demand.
Qalet.
doing.
34
5-34
6-32
5 40
6,000
300
7,000
10000
600
7,000
600
300
5
Fair
bnalneaa
8
Fair
bnalneaa
doing.
5-42
5 44
000
600
8.000
600
Futures.
Market
opened.
Market,
4P. H.
I
)
(
jtnadr a Steady kt
2pt!<.
lea uu.
kdvanoe. advance,
Qatatai
4 pt8.
decline.
Very at'dy steady at Btendy at
2 as pta.
7«8 pta.
3a>4 piK.
tdvanor,
Jecllne.
advance.
Baay at Steady at Steady at Veryat'd' Br'ly at'dy Qalet at
2®3 pU. 394 pta. \(H'i ptg. P(i« to pta. 6137 ptB. 6®fl pta.
decline.
advance daoltnn aurauov
decline.
advance.
j
1
Sal.
Deo. delivery in elev
Mav delivery
elev
July delivery lu elev
m
Thurs.
T%ies.
591*
56v»
Sat.
Oashoomf.
48ifl
4,5i8
Mon
4888
46I4
Tues.
48S8
4^»«
Frt.
60»»
66>a
51
CHIOAOO.
Wed
48:%
Thurs.
Fri.
^SH
*8^
46ifl
4538
45 »«
4538
4538
45 »8
45
45
Oits for future delivery at the Wesern market h>»ve bef n
quiet.
Early in the week there was a fractional decline in
a quiet oash demand. Sntstquently,
I rices under reports of
however, on a continued decreasirg movement of the crop,
the market turned steadier, and prices improvtd slightly.
Locally the spot market has been moderately active. To day
the market was quiet.
DAlLT OLOBINO PRI0B8 OF OATB IN INKl*^
THurv.
Wed.
Fri.
Tues.
Mon.
Sat.
Nom. Nom.
No. 2 mixed In elev
N( m. Nom. Notn. Nom.
No. 2 white In elev
Ncm. Nom. Nom. Nom. Nom. Nom.
4fsia
YORK.
:
THE CHRONICLE.
^104
DAILT 0LO8IN0 PRIOEI OF NO. 2 MIXSD OATB IH CHICAGO
Sal.
Mon. Tiut.
Wed.
T^ur$.
Deo. delivery In elev
May delivery In elev
July dellyery in elev
28\
28>«
30''8
30%
30\
30%
24\
24%
28%
28
31>«
81»8
81>e
Sl^e
31
81
31>fl
31
Bb
Following are the closing quotations:
FLOUR.
Nominal.
Patent, winter
$6 75 ®6 15
Saperflne
$3 75 «>8 85
City mills, patent. 6 60 '96 90
Extra, No. 2
4 00 ®110
Rye flour, anpertine 4 .50 '94 90
Extra. No. 1
4 25 '34 50
Buckwheat floor.. 2 00 •312 25
Clears
4 50 «6 40
Corn mealatralghte
5 35 «5 75
Western, etc
3 10 ©3 15
Patent, spring
5 76 ®6 95
Brandy wine
3 16 '93 25
OBAOf.
Wheat, per bnsh—
o.
o.
Com, per bush—
O.
0.
N. DuI,,No. 1
f.o.b.l25i«
Western mixed
86 '»60>«
N. Dul., No. 2
f.o.b.11,5
No. 2 mixed
t. O. b.60J«
Red winter. No. 2.. f.o.b.ll9i«
No. 2 yellow
f. o. b.64i«
Hard winter. No. 2. f.o.b.11719
No. 2 white
f. O. b.62ia
Oats— Mixed, p. bnsh. 34i«®35ia Rye, per bashWhite
35 '939>a
Western
83ifi®36
No. 2 mixed
Nominal.
State and Jersey.... Nomlaal.
No. 2 white
NominaL
Barley— West
52'ii'a>61
Feeding
40 '@14
Fine....^^.
Exports of (Jrain and Flour from Pacific Ports.— The
exports of grain and flonr from Pacific porta for the week
end-ng Nov. 8, as received by telegraph, have been as follows:
Froti San Francisco to Japan and China, 92,000 bbls. flour,
to United Kingdom, 29,000 bushels wheat and 120,000 bushels
bar'ey, and to various South Pacific ports, 1,524 bbls. flour
and I3O bushels wheat.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1908
Mxportt
Flour,
from—
bblt.
San Fran.
424,031
396,069
195,000
PngetS'd.
Portland.,
Wheat,
Corn,
Oatt,
Barley,
bush.
busk.
5,416
6,138
bush.
bush.
281,699
175,520
119,689
823
7.692
Rye,
bush.
1,250,673
24,050
422
846
8
575,908 11,554
8,523 1.274,723
2,417,467 14,793 160,860 4.091,000
t^" For other table* usnally given here see page '.J0S7.
-.^°**„\-^-*'^i^''''S
rO», 1903. 981.986
768
363
THE DRY GOODS TRADE.
I
Vol. Lxxix.
been fair but prices are inclined to advance, thus widening
the breach between eellers and buyerd. Stccks are
getticg
low. Ticks have been firm during the week, owing
to the
scarcity of^upplies, and other coarse, colored cotton goods
are
in somewhat the same position.
The demand for these has
been moderate. Ktd-finished cambrics have been rather
more
active and prices have shown an advancing tendency.
Canton flannels and cotton blankets have been in moderate
demand for export and several orders have been received at
prices somewhat below carrent quotations. Staple and
fancy
prints continue to move slowly and business in these is
not
entirely satisfactory. Staple and fine grades of ginghams
show some improvement but are far from active. Print cloths
are in small supply but buyers have shown no disposition
to
enter the market, being inclined to wait for the promised
reopening of the mills. Sellers, on the other hand, remain
firm, and prices shjw no change, regulars being still
quoted
at 3c.
Woolen Goods. —The strength
of the wool market has refarther advances being recorded in the woolen
goods market during the week, but in spite of this the demand continues quite active in the various branches. Dapllcate orders have been received in fair quantities for lightweight men's wear woolen and worsted goods, but in this
matter the clothiers hava the advantage of having placed
iarger initial orders than usual at prices which are now
several cents lower than the present prices. The retail demand however is reported as large and duplicate business
will doubtless, in spite of this, reaoh average proportions.
Preparations continue to be made .for the new heavy-weight
season but no date has yet been fixed for the opening. Some
maintain that certain lines will be shown before the end of
this month, but others believe that it will be the first of January before any real business will be transacted. It is probable that those mills having a fair supply of wool on hand
will be inclined to rush the season.
It is the unanimous
opinion, however, that prices will be higher than they were
last year.
The demand for dress goods continues of moderate
proportions but there is no change in the character of the
business. Some substantial business has been done in the
new spring, lines of cloakinga which h»ve been opened, and
from present indications plain goods are in the lead as
favorites.
Prices average 2^4 to 1}4 per cent higher than a
year ago.
sulted in
still
New Yoek, Friday, P. M. November 4 1904.
Continued firmness has marked the course of the cotton
Foreign Dry Goods,— The volume of business in imported
goods market during the past week but business has been far
from active. In view of the uncertainty of the raw material woolen and worsted dress goods is fully up to expectations
market there has been little disposition on the part of either and good orders in spring lines have been secured. Light
buyers or sellers to operate ahead, and in the matter of future weight broadcloths and muhairs are the most popuUr. Silks
de'iveries both are acting conservatively. For immediate have held firm in spite of fairly heavy offerings. RibDons
delivery there has been a fair demand from buyers, who are nave been firm, linens quiet and burlaps steidy.
dai'y experiencing more and more difficulty in obtaining importatlona and Warebonae TTltbdraw^ala of Dry Goods
deliveries, owing to the scarcity of suoplies. For this reason
The importations and warehouse withdrawals of dry goods
they have been forced to p^y full prices on all goods pur- *t this port for the
week ending Nov. 3, 1904, and since
chased, although there are few, if any, actual changes to be January 1,
1904, and for the corresponding perlode of last
recorded. The export business continues aaiet, but inquiries vear are as followH:
from Chinese buyers are being received in'fair quantities and
B
sellers confidently look forward to a revival of activity in this
direction before long. From other countries the demand continues slow. The week preceding election Is usually marked
o
to
falling off in business, but it Is expected that once this
over there will be a renewal of business in the retail branch
which will doubtless be reflected in the primary market.
Nothing definite has yet been decided in the matter of the
Fall River strike but it is reported that towards the middle
of this month some of the mills will resume operations on
condition that the operatives accept the wage reductions insisted upon by the manufacturers.
la the woolen goods
division continued firmness exists and the demand is still
maintained.
B
*^
®&
by a
S
A*
§
d
1904.
1903.
Great Britain
Other European
China
India
Arabia
217
4
524
58
2.782
Africa
West Indies
671
319
73
262
Mexico
Central America
Total
~J
00
-0
ojto
brf
O^l
ODO
COMMOOH
2,768
,..
692
8,360
1,214
687
70,346
6,656
17,639
8,882
17,202
1,935
12,174
47.076
17,820
201,530
1.
Week. Since Jan, 1
6
12
2,241
1,555
1,140
114,943
504
12,42;j
4,337
36.263
8,739
23,854
2.535
10,187
52,595
8,908
644
569
17
294
3,726
171
12,821
273,140
of these New York exports since Jan. 1 has been
$12,189,647 in 1904, against $12,434,113 in 1908.
Converters, who have delayed making their necessary purchases for a long time, have shown somewhat greater activity
during the week in placing orders for near-by delivery, but
neglectiug future positions. In staudard brown
drills acd sheetings the stocks are so low, owing to the amount
that has been sold for export, that deliveries are difficult to
obtain and sellers have experienced no trouble in securing
the prices asked. There is little future business, as neither
sellers nor buyers are anxious to soeculate on the future of
the cotton market. The demand for bleached goods has only
still
i.
a
»\
S"
O
'.
a-,
i
'
.
•
.
I
o
.
i
a
h'l-'i-'M
a
(Oir^aaao
:
:
:
0',
!-
— Wf-WM
3Q0OO —
o> —
acoao«-co
aoo
tS^"-"
I
M CO » «__-•
u
o
t
.
I
OOCW
oao
^la
Muc^a w
t3
'-)
I
to
Of-
bbb'vii^
b'-J
ppppp
bwooVo"^
*^*sp poo
oa
C4»3
:
1
a
a
,
do
I
.
'
•
.
!
a
?f
^
*
h-cTi
O
,
Mk3U<lka
I
1^05
icCO
OOOODtOTl
Ma
bb wb a
1^
-ji
CXOOODM
•-•Ci^
^(o
.0 1(>.
ta 'k
to'-a
I
>
I
'
toi^
Ota
177,514 239.923 846,683 461,510 121,404
ta
00
I'.'
M
-JO
to
CO 00 1^
M
^
;
Mcjia
<a
o—
^
a
o
,
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;
'
I
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I
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'
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00
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I
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JiOOl
f
eoV
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oo:^
— «ia
'Vib
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»
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[
«]».
ta
^^
;-!
toco
lob
I
i
I
i»>o
CDOO
totaocoa
.^
a
a
to
I
'
u
•'^ C^i
10
.»-',--',»-'
ODi^bi^cw
icioacocD
»a-j»i^a
00
l-tOOCOl-'
— »ow
__•»
a coot
bbboib
>ja
•
to
CO
o>30it>gi
ta 00 A. (;>#.«•
O OOM VOCO CO to
'-V]'>-'"eo"*k
ec^ioooo
I
OaciCD»C0
f^f-
sa
COMl^ 00^
aw ir
MtOM
b ab
toco
H^QCOO 00 CO
Vj
"f ab"a;'Vj
»»
ccao-4»->^
rCCOaODOO
*."
!
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Vib
apoco —
^'— bob
•-•(a^aco
i
m"— CDOM
vicococ;)
o
O3co-joa
ootaatoo)
9
i^ooatoco
-*
js
ao«^
b
b a aoao<)
O cxco «0MO
u<
CO a
00
coa
•J
b
CO
11
ODr-
COlO
Oka
bCO
i
oto
001^
cow >4C0
1
A
aa
CO
CO
bSUI
coc^
I
(0(0
b
wbb a *^
00
^to
'•>»
K)
ta
ToeoVi woo
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Vo
O' OCPl W^Wr'W
otooc
I
-
,
CO
woo <l CO -3
*.
taeoMc
OOOD
JO
ODV)
The value
are
'
I
Werk. Since Jan.
South America
Other Countries
'
8=
;
b":
<x>
packages, valued at |895,464, their destination being to the
points specified in the tables below
31.
'
*
p
;
•
S;
5
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending Oct. 31 were 8,860
Nuw York to Got.
*
i:
9
e
a
o
I
<ioo~p*.
a«J<i-jb
#kM
00 to
I
M_taato<««B
"tabvib^
la
Macoo"ta
'
tOtO-^-ll-'
^^
too
COM ta
to'Vi'aaDOD
cxcocpao>)
cota~]cOM
«C0«3Oi^
ij
tfk
M
i
>o
O
I
o>-^c^o
Vb
w'-j*<i
COIOr'C^ta
CO«COtO«]
H-wj^aw
ooi^aa^
•O r' -J
ppppp
'^oobbb
bcobl-'t^
coit^ea vicd
>3«tOiOtO
M
!-•
tOtOAQOO
i
7
:..
2105
CHRONICLE.
Name,
Page.
1659..Buff*lo, N Y
2107..Bnffalo, N. Y
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3»«
Maturity.
5
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5
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5
1978..Carrollton, MIbb
1660..CatawiHsa (Pa.) Sch.
Dlst
1660.. Central Covington.Ky
1729. .Ceylon, Minn
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MUmaiPAL BOND SALES IN OCTOBER.
According to our compilations the aggregate of municipal
bonds put out during October was $10,063,317, as against
$10,547,421 in September of the current year and $12,196,885
in October 1908. As usual, we exclude from our totals temporaTy loans as well as bonds of Canadian municipalities.
The sinking fund takings of New York City for the month
were |1, 087,629, but, as has been the case since the exceptionally large disposal of last May, this city offered no bonds
at public sale. We are informed, however, that an offering
of about 15 millions of corporate stock may be expected
in the near future. The city of Providence, R. I placed a
,
large
amount
in her sinking funds, three issues,
aggregat-
ing 1860,000, being so absorbad.
The largest public disposal for the
month was that of HudThat county on October 24 placed an
1800,000 4^ park bonds with E. D. Shepard & Co. of
son County, N. J.
issue of
New York City, the price paid being 103-77. The best sale
was the city of Baltimore's offering on October 6 of |300,000
(thrte issues) 33^^ stock, taken by the Mercantile Trust &
Deposit Co. of that city on an average basis of better than
2'86x.
Va
(Waih.)
Sch. Dist. No. 1
1978.. Chelan
1490..011nton,Co..IflCl
19;9..Coalport. Pa
1490..Oold Springs. N.Y....
1979.. Coldwater, Ohio
1979.. Columbus, Ga. (2 is.).
V729..Cro8well, Mich
1729. -Danville. Pa
172?.. Davison Co.. 8. Dak..
2108. .Dayton, Ohio
2108. .Dayton, Ohio
1660.. Dehance, Ohio
1660.. DeHance, Ohio
1729.. De Pere, wis
lH79..De Pere, wis
1979. .Detroit (Uinn.) Soh.
Dist, No. 1
1979.. Dover. Ohio
17 ? 9.. Dover Twp., Ohio
ie60..Daluth, Minn
2108..Dnrango, Colo
1729 Eagle Grove, Iowa...
1729.. East St. Louis (111.)
Boh Dlst
l979..EdKewood, Ga
1979.. Edna (Tex.) Sch. Dlst.
i490..Elmo(Tex.) Soh Diat.
2108. Esiex Co., Miss
1979. .Fall River. Mass
1660. .Franklin, Pa
2108.. Geneva {a. Y.) Soh.
Dlst
1729.. Georgetown, Mass
1729. -Greeley, Neb
1979..GreeneCo.,Ina
1661.. Grimes Co., Tex
2l08..Guttenburg, towa
i729..GroveClty,Pft
19'!4
1903
1902
1901
1900
1899
1898
October.
110.063.81
12.19B,&85
2'en Mas.
1897
123187,879
1893
1894
18W3
1892
6.488,4 24
9.779,197
16.48I.1S5
9.314,851
4,9je,607
109,103,198
113,fllo.e>!6
lii4,341,89l
October.
$6,872,293
4,688,463
6.697,018
8.6H6.436
11,839.373
11,766.420
I
^208.^30,l0n
128.942.878
189iJ
$113,269,766
60,917.879
98.W60.92H
99.14ii,271
62.813.939
76,360,251
88,067.166
In the following table we give a list of October loans to
the amount of |10,C63,817 issued by 190 municipalities. In
the case of each loan reference is made to the page of the
Chbonicle where an account of the sale is given,
October Bond bales.
Page.
NarM.
S•ate.
1489. .Akron, Ohio
41a
4i«
1728. .Akron. Ohio
1489. .Alllam)«. Ohio
4
14S9. .Alliance, OHio
4
2107. .AnderBon, Ind
6
1978. .Anson (Tex ) Sch.Dls. 5
16^9. .Arizona
...
S
2107. .Arizona.
9
1489. .Aoliiand. Ky
6
1659. Aulebnrout;h, Maes.. 4
1659. .BalnbrlflKe, O*
5
2107. .BallatonSpa, N.Y.... 3h>
I48n. .Baltimore, Md
3\
1489. .Baltimore, Md
3>«
1489. .Baltimore, M<1
8>fi
1978. .Baltlraor«, Ohio
5
1978. .Biiriiesvliie
(Minn.)
8ch.
Det.
1978. .Baxley, <^a
21(j7. Baxter.
Iowa
4i«
5
5
Maturity.
1906-1910
1914 1918
1916&1918
1906 1908
tl924-1944
1954
1914-1924
1934
1905 1918
192S
1943
1945
1905-1914
Amount.
Price.
$44,000 101-70
35.500 107 66
38,000 1002G3
2,172 100
26,000 100
10,000 100
17.000 100
11.000 108195
30,000 100
20,000 110-57
20,000 105
14.000 100
100.000 111 41
3,500
107,"i00
!)
4,000
115-^7
115-10
102-337
2,000
6.000
4,500
100
10055
1659. .Bedlan (Tex.) School
5
119391924
2107 .BiK Ktose Gap, Va
5
2107. Boston, MttSH
1728. .Bristol Co., Mass
4
1933
1924
1907
Dist.
3.500 100
20,000 101-25
4,000 100
40.000 101-033
1914
1924
3^
4*3
4
5
4i«
tl9141924
1909-1912
1910-1917
4
3»«
4
1910-1923
4
5
5
4
5
4
1914
1909
1905-1907
11924-1934
1913-i922
1924
5
1934
11903 1924
tl914-1944
1903-1914
5
5
4
4
1914
6
1934
5
tl914-1944
1909-1924
—
1905-191*4"
6
4
1
5
4
4
6
1730.. Hanford Sch, Dl8.,Oal.
1490. . Harrison. N J. (5 is.).
1730--Hemet Soh. Dls , Oal..
1661. .Henry Co.. Ohio
1730..HollldaysburK. Pa
2108. -Holly Beach (N. J.)
Sch. Dlst
2108. -Howard Sob. Dls.. Jal.
1979. -Hudson Co., N.J
2108--JBnntiDgton (N. Y.)
Soh. Dlst. No. 3
1661..Illon,N. Y
2i09-.Ithaoa, N- Y
6
Mo
1730--Kiiekltat Co. (Wash.)
Sch. Dlst. No. 28-...
2109..Lamar Co MlBS.
1980.. Lawrence, Mass
(111.)
1980. .Lawrence Co
,
Allison Ditch Dlst.
No. 2
IPSO-.Leflore Co., Miss
1661..Lemon Soh. Dlst ,Cal.
2l09..Lewl8town,Pa.
17aO..Llgonier, Ind
1661.. Lorain, Ohio (3 is.)...
491.. Louisa Co., Va
1661. Lucas Co., Ohio
1661. .Lndington, Mich
2l09..MoMlnnvllle, O.e
i49l..Man-^fleld. Obto
1491. .Manstleld. Ohio
l980..MiiDiilleld. Ohio (7l8.)
2 109.. Maple Hill. Minn
2109..Mauoh Chunk (Pa.)
1
Soh. Dlst
4I4
6
4i«
3^
5
5
4
2109. .Melrose, Mass
i08O..Mlnden, La
1730.. Minnesota Loans
1903 1944
i909'i9i4
1924
1929
1914
19J5-1908
11914-1924
1907-1920
1906-1913
1954
1905190S
l730..Mu(>catlne
Dlst
(la.)
100
102 21
102033
112-81
'00 10
100
4,000 100
2,000 102-25
2,500 101
100,000 101-006
105,000
98-75
10,000
12^,030
12.500
12.500
4,000
50,000
25,000
17,500
10,000
25,000
25,000
24,-^00
10,000
20,000
10,000
11,777
5,000
8.500
6,000
25,000
10,000
7,000
231,000
2,500
4,000
6,000
115-31
100
90
102-302
100-S57
100371
100-25
100
100
100
102-05
100-42
100
102
ioi"
107-90
101-47
108
100
100116
7,000 100
4,000 101-275
800,000 103-77
100
5
1910
4
5
5
5
5
6
5
4
6
4
5
4
20,000 102
100,000 100
3,200 102-343
100,000 100-898
17,000 105106
131,000 100-309
14,000 104
75,000 106
20,000
20,000 101-65
8.600 10141
1,100 101-45
8,900 102-099
95-99
6,000
1
4i«
1909-1934
i9V9-i924
1905-1907
190 > 1907
i906-i9"l5
6
1
1907 1934
1912-1918
11924-1934
30,000
100
25,000
10,000
36,000
106-443
2,700
6
4
4
6
1914 1924
1924
49,000
39.868
28,000
8,000
1953 1955
1930
1.^,000
Soh.
414
Muskogee, lod.Ter... 5
168J.. Newark U F. 8. and
A. Dl^t. No 8. N. Y. 4
4
l730..Newburgh, N. Y
4
1662 New Castle, Pa
100966
1907 1911
1929
1906 1920
5
5
5
41a
4i«
419
100
1913 1919
1906-1930
1905-1914
4i«
19091919
4»i&")
i9b6-i933
5
4i«
1905 1924
5
3,000
100-27
104-29
104-666
104-77
2.000 100-35
90,000 101-40
200,000 102-997
Issues)
1491
9.0 »0
10,000
28,000
20,000
16,000
50,000
47,000
3,000
24,300
5
t.
(3
1
10,000 100
23,381 100
184,000 104-69
3.000 105-741
5,000 104
45,000 100029
1,600 105
40,000 10 •
56.000 moo
52,500 IT 100
21,000 103354
6,500 100
235,000 100
1907-1914
1905-1914
19J5-1914
1905-1909
1905-1909
1905-1909
1909 1938
1922
tl90^ 1924
4
5
NY
10.800
10,000 104
3,900 100
5,000 100
26.000 101-54
29,500 104-07
15,^00 103 20
7,200 101-^2
3,500 101-76
1,100 101-86
5
5
3109. .Missoula Sch Dlst.No.
I,
Price.
919-1934
1905-1911
4
..
1662..MoDaoa, Pa
1980. .Mountain View. Cal..
662.. Mount GUead, Ohio..
1491. .Mount Vernon, N.Y..
1491. Mount Vernoo, N.y..
lH62..MiiBoatlnH,Iowa
Amount.
$150,000 100-58
268,475 100
61.000 lOJ
7,714 100-73
4.'=•,000
102
5,000 100
9,000
25,000
3.000
30,000
12.000
2,975
4
3-76
81a
1980..MedinaCo. Koad Dlst.
Nj. l.Ohlo
1905-1906
1905-1914
4
4
2108..HaDDlltonCo..Ohio...
1979--HaDC0ck Co ,Ind
.
1914
1934
1914
4ia
4ifl
N Y
For the
Ten Mos.
tl905-1924
1906-1915
1927
1906-1908
tl914-1934
1905-1934
3-75
1914-1916
6
1905-1924
4
4
6
4
6
5
3>«
1979..FrankllnCo.,Ohlo
1979.. Gadsden. Ala
2108. .Gainesville. Tex
2108. -Geneva, Neb
a aeries of years.
Month of
1914
1924
4
5
1
I
6
6
lt^60.. Columbus. Ohio (5 is.)
2108..ColumbU8. O (13 1s.). 4&i^
4
1490. .Connersville, Ind
6
itibCConway, Pa
3ifl
2109..CookOo.. Ill
1490..J()plln.
For the
19J5-19U
41a
1729.. Clay Co., lad
2107..Cleveldn<i. Ohio
of municipalities emitting
Month of
6
Co.
bonds and the num- 1491..Jnnlata8oh. Dlst.,Pa.
l730..Ka1amaz>o, Mich
ber of separate issues made during Oct. 1904 were 190 1491. Kendallv'le(Ind.)Sob.
Dist
and 279, respectively. This contrasts with 216 and 258 for 1979. Kenton,
Ohio
1979. Kenton, Ohio
Sept. 1904 and with 158 and 253 for Oct. 1903.
979.. Kenton, Ohio
For comparative purposes we add the following table, 1979..Ke-.iton, Ohio
showing the aggregates for October and the ten months for 1979. .Kenton, Ohio
1730--K111 Buck Sch. Dlst.,
The number
1905 1924
1909
*1»09
1905 1909
1919-1933
tl909-1914
1924
19101918
1905 1914
1909-1907
30.000
60,000
100
ICO
102 41
108-437
109 78
106-866
100
44,000
100,000
102*50
7,000
12.000
25,000
101-27
10060
:
THE CHRONICLE.
2106
Sate,
Name.
Pao€.
6
1731 .Newport. Ky
YorkOlty(27lB.)
3
2109 .New
4
li»l. .Norfolk, Va
4
1731. .N rfolJt Co Maes
1662. .NorrlBtown (Pa.) Sell.
—
,
3i«
MaluHty.
1908-1916
Amount.
Priet.
100
30H,000
20,000
1934
1816
tl9U 1934
106-26
1807 1910
20,000
2,000
100
100
4
6
1905-1913
11914,1924
1905-1924
9,000
12,500
20,C03
10003
4
4
&
1906-1920
46,000
21,000
20,000
100-611
4.^
1980 .Penh Amboy, N.
190U-1918
1934
2110
1910
1905 1944
1905-1919
Cal
4
J... 4
1980. .Perth Amboy, N. J... 4I«
Peta uma, Oal
4
1980. .Pltoalrn, Pa
4
2110. .Plain City, O (5 is.).. 5
irsi. .Plj mouth, Mhbs
3%
1662. .Potsdam (N. Y.) D. F.
\'
8. D. No.8,
2110. .Por Townew d.Wash.
1731. .Providence. R I (lis.) 3>«
2110. .Putnam, Co.. Ohio
5
1731. .K>-d Lake Co , Minn.. 5i«
1981. .Red Rdck Sch. Dlst.
No. 62, Okla
6
1492. .Rli-hland Co., Ohio... 414
1731. .Rldeewood Twp. Soh.
Dlst, N.J
4
1731. .RldUy Park. Pa
4
1492. . Rotterdam (N. Y.) Soh.
Dist. No. 8
5
1731. -Boxtin Soh Dl8 .Tex. 5
1981. .St. Joseph Co., Ind... 3-^
1731. .St. Paul. Minn
4
1981. .Salem. Ohio
6
1731. -Sandy HU1,N.Y.(2 Is.) 3-8
1731. .Sebewalng Sch. Diet.
No. 1, Mich
41«
2110. -Shawnee. Okia
5
2110. .Skaneateles, N. Y
4
2110. Somerset Co., Pa
4
1981. .South Brooklyn, Ohio. 5
1492. .So. Omaha Neb.(3lB.) R
1981. .Stafford. Minn
6
1732. Starke Co.. Ind
6
1663. .Sussex (N J.) Sch. Dls. 4
1663. .Trenton. N.J
.,,
4
1982. .Tulsa (Ind. Ter.) Sch.
Dlst
5
1982. -Torlocklrr Dl>-t.,Cal. 6
4i«
1732. .Vallsburg, N. J
1732. .Wadena Co., Minn
5
2111. .Washing! on Co., Ind.. 4
1663. .Wauwatosa, Wis
4
2112. .WelHrgton. O. (4 Is ). 6
1733. .West Palm Beaoh.Fla. 6
1982. .Whlt-ktr. Pa
5h
1982. .Wtehlta (Kan.) School
Dlst
4%
1982. .WU lamabnrg Depot,
Miss
5
1733. Wooiblne«N. J
5
2112. .Woodward, Okla
6
1982. .X«nla, Ohio
4
1664. .Yahtma Co. (Wash.)
Sch Dlst. No. 21... 6
1664. .Yakima Oo. (Wash.)
Sch Dlst. No. 31.... 5
1733. .Yciukers, N. Y
4
1738. .Yonkers, N. Y
4
1661. .YouDgstown, Ohio... 5
1664. .Yonngstown, Oblo... B
4i«
1982. .Yonngstown, Ohio
2112. .YouDgstown, O. (4l8 ) 5
4
1982. -YDSllanti. Mlnh
101-424
103-01
100125
104-416
1905-1909
1915
85,000 103-18
64,000 100
85,000 100
SS.OOO 100
25,000
49,500 ......
8.000 100
100-125
4.000
10025
250,000 ICO
860,000 IIIOO
33,000 102-045
6,000 101-75
1914-1924
1916-1920
5,000
25,000 107-32
.....
1905-1914
19051908
'
1910-1927
1934
60,000 10050
8.000 10105
1905-1919
tl914-1944
3,000 102 63
10,000 100
120,000 UOO-714
19221924
1934
1905-1909
1 00,0c
19031932
6.000
36,774
1905-1914
11923-1933
1909-1914
1905-1934
20,000
S 0.000
6,000
260,000
1922
2.')
1910
1907-1912
1934
1924
1934
19061915
190.5-1924
2909-1914
11914-1924
1909
,000
111053
10202
100-29
100-375
100
106-651
101-75
(100-856
102-516
105 055
100
1924
1.000
11905 1914
1909
1931
1906-1912
1806-1908
3,500
6,950
6,380
13,000
1,600
88,000
6,295
15,000
19061910
100
100
101 295
105-85
104-407
101-466
107-065
102-65
Total bond sales for Oot. 1904 (ISO mnnlolpalltles, oovering 279 8 eparate issaes) . §910,063,317
.
* Average of dates of maturity,
t Subject to call in and after the
earlier year and mature In the later year. }Not including $693,536.
of temporary loans reported and which do not belong In the list'
Taken by sinking fund as an Investment,
And other considerations'
t
In addition to tte above we have recorded dnriug the
month of October the following sales by municipalities out
side the United States,
EoNDS Sold bt Foreign Counteiks.
Maturity.
Amount.
Page.
Name.
Rate.
1728-. United States of Mexico
4
Price.
$40,000,000
Bonds Sold by Canadian Municipalities.
La Prairie
1731.. Portage
Soh. Dlst.,
Man
5
1924
$20,000
We have also learned of the following additional
the month of September.
Additional September Bond Sales.
Page.
Name.
Rate.
Maturity.
Amount,
1728. .Austin, Minn
4
(1914-1924
$16,000
1659 BIgKs.Cal
5
1978. .Clayton Co., rowa... 4
1729. .Dawson (Minn.) Soh.
Dlot
1660..Dr.uglas Co. (Wash)
Soh. Dlst Np. 99....
2108. .Dii Rols (Pa.) School
Diet
1661.. Grass Valley, Ore
1661. .Lime Sch Dist.Cal..
1662. Poland. N Y
1731 ..SPbrlne (O ) Sch. Dlst,
.
(2 Isf-ues)
12. COO
100
Price.
98-50
1917 1919
24,000
1914-1919
SO.OCO
103
5
11905 1S09
J, 200
ICO
8
11907-1919
tl909-1914
1914
3Jfl
5
Total additional sales for September
15.ono
10,000
2,000
16,000
3,000
close of the fiscal year.
State Pebmasent School Fdnd.
81, 1904, the investments of this fund aggregated
112,015,228 55, as egalnst |11,682,102 05 for Aug. 81, 1803.
Aug.
The
State
State
State
State
State
details of the inveetments are as follows
bonds. 38
bonds, 4b
bonds, ^b
bonds, es
bonds, 78
County b( nds, 3s
County bonds, S^s
County bonds, 48
County bonds, 4»«8
County bonds, 58
County bonds, t's
City and echool district bonds, 3i«8
City and school district bonds, 48
City and school district bonds, 4I9B
City and school district bonds. Ss
City and school district bonds, 6s
Texas Central RR
Bonds of Houston
Bonds of Galvefcton Har & San Antonio By
Bonds of Washington County RR
BondB of Texas & New Orleans RR
:
$178,000 00
229,500 00
£97,000 00
1,447,00000
8O,COOO0
I,352,9t0 00
496,210 00
2,898,C62 00
2.^8,000 00
1,8'5,906 CO
432,891 00
8,200 00
617,1.^0 00
11,047 55
216.990 00
15,500 00
"|
<fe
!
aaqqit nn
A.«"o.aA'
""
.,
(
j
Total Investments Aug. 31, 1904
$12,016,223 55
The uninvested cash on hand August
81
was
$168,851 06.
In addiiion to the investments above tabulated the Permanent School Fund on August 81 is credited with $20,104,840 05
land notes, as follows
LandnotCB, lOs
$15,483 92
Land notes, 88
348,786 62
Land notes, 6b
1,310.438 11
Land notes, 4s
6,800 00
18,428,331 50
Land notes. 38
$20,104,840 05
Total land notes
There are also certain land leases which are valued as
lows
Land leases at So. per acre
Land leases at 3iso. per acre
Land leases at 4o. per acre
Land leases at 5o. per acre..,.
Land leasee at 6c. per acre
fol-
$7,981,095 00
182,969 00
110,285 00
692,556 00
22,589 00
Total value land leases
$8,889,482 00
total resources of the State Permanent School Fund,
therefore, on Aug. 31, 1904, were $41,168,896 66, consisting of
cash, §158,851 06; investments, $12,015,223 55; land notes,
$20,104,840 05, and land leases, $8,889,4b2. The operation of
this fund may not be clear to some of our readers, and for
this reason we repeat our remarks on the subject made a
The
year ago
As the land owned by the school fund is sold, and the land notes
above referred to collected, the proceeds aie placed to the credit of
this fund atd can only be used In the pnrchace of United States bonds
and of Texas State, county, municipal and school district bonds. The
interest, however, that accrues on bonds, land notes and leases is
placed to the oredlc o( the available school fund, and, as explained in
V. 77, p. 1250, is used in support of the free schools of the State.
It is estimated that the it come for the use ot the school
fund for the year ending Aug. 81, 1904, will reach $1,412,-
728 96.
There are several other permanent funds carried by the
State of Texas which, while not of euoh importance as the
State Permanent School Fund, may yet prove of interest.
The condition of these funds on Aug. 31, 19J4, we give below
without comment
Condition of the Permanent University Fund Ado. 31, 1904.
Cash on hand
$2,084 62
$51.000 00
State bonds. 38
351.700 00
State bonds. 58
State bonds, 6s
State bonds, 78
Land
LaLd
5
6
Items.
165,00000
26,000 00
593,700 03
1.837 25
16.8S4 80
18,72205
$9.320 00
280,680 00
653,873 00
69,760 00
2*9,589 00
1,920 00
424,320 00
12,800 00
1,701.262 00
sales for
100
100
4»2
News
Te^&s.— Condition of State Funds.— The various funds
of the State of Texas (particularly the State Permanent
School Fund) have grown to such large proportions and have
in the past been such important purcbaEers of Texas bonds
that their condition is of much interest to investors In municipal and county bonds of that State. For this reason we
have had our correspondent obtain for us, in advance of the
State Comptroller's report, the figures aa of Aug. 81, 1904, the
:
14,000 100
5,000
80,000 ICO
16.000 100
119051924
index to all the news matter appearing in this Department for the period from July 2, 1904, to Oct. 8, 1904, inclusive, was published in the Cheoniole of Oct. 15, 1904.
pages 1664, 1685, 1666 and 1667.
:
100
107
100
91,000
11909-1924
1905-1912
tl914-1934
Index.
An
110
45,700 101-70
6,000 100
14,127 100-05
10,000 103
569,000 110-77
50,000
8,000
10,000
3,000
6,000
30,000
6.000
9,C00
3,000
[Vol. Lxxix.
106-33
$^.500
1,0(57,629 iriOO
4
Diet..
1980. .Norwood, N Y
2110. .Nnnrta (N. Y.) School
DIst. No. 1
1662. .Odkiiind,Neb. (2 Is.)..
1491. .OswegatoUle, N iT
1980. .Ottawa (III.) Sch. Die.
No 141
1662. Oxford (Pa) Soh. Die.
1731. .Painesvllle. Ohio
2110. .Paeaclena 8oh. Dlat.,
IT
:
100 676
100
1«'9
100
100
$129,200
These additional issues will make the tct>il shI. s (oot including temporary loans) for 8ei.t;mber, 1904, $10,547,421.
notes, 10s
notes, 58
Leases at 2o. per acre
Leases at2»«o per acre
Leases at 3c. per acre
Leases at 4o. per acre
Leases at 5o. per acre
Leases at 60. per acre
Leases at 7c. per acre
Leaees at 80. per acre
Total Permanent University
Fund
$2,315,768 67
Acq. 31. 1904.
$1,191 93
Condition of PtKMANENT OhPHAN Asvlcm Fund
on hand
$2.0COO0
State binds, Ss
ll,-200 00
State bonds, 5b
i^ash
land notes, fs
Ldnd
notes, 3s
Leases at 3c per acre
Tota'
Permanent Orphan Asylum Fund
$18,660 19
41,874 55
13,200 00
60,534 74
1,92000
$76,816 67
-
:
Nov.
:
THE CHRONICLE.
5, 1904.]
CONDITIOK OF FERMANBHT LUHATIO ASTLUM FUND AUO. 31, 1904.
il|108 5*
Cash on hand
%;vv:awx
Bond., 3s
*i$'2?522
Bonds 48
22'S«SRS
62,700 00
Bonds 5b
12,000 00
119,700 00
Bonds. 7«....
Land notes, 108
Land notes, 68
Land notes! 38
?H2! 2f
i2'S251?
61
-,»..»»o
89,548 68
26,788
$160,355 22
Total Permanent Lunatic Asylnm Fund
OONDiTioN OF Permanent aobicultceal and Mechanical Colleoe
Fund Aug. 31, 1904.
State bonds, 68
State bonds, 7s
-
2107
Interest, semi- annual. Matarity, Sept. 1, 1913, all notes being
subject to call after Sept. 1, 1909. These notes were issued
by the Board of Water Works by order of the City Council
and are payable out of the earnings of the plant and also
from water fund levied by the city.
Arizona,— Bond Sale.— Oa October 24 the $11,000 5;^ gold
"experiment station" bonds of the University of the Territory of Arizona were awarded to Seasongood & Mayer, Cincinnati, at 108*195 and interest. Following are the bids :
Seasoneood & Mayer. Clncln.|ll,fi01 50
Jose, Parker & Co.. Boston— 11,74* 48
Prov. Sav. B'kA Tr. Co., Cin. Il.!e4r 00
*
?25'S22$2
174,0 00 00
Bids not "considered
;
said to
l
I
have failed to comply withrequirements.
Ashland, Ohio.— Bond Offering.
Pand
$209,000 00 ceived until 12 M., November
Condition of Permanent Blikd Asylum Fund Aug. 31, 1904.
Clerk, for the following bonds
—
$728 58
Cash on hand
Total Permanent A. and M. College
$20,000 00
67,000 00
49,600 00
State bonds, 38
State bonds, is
State bonds, 68
Land
Land
Land
44.627 58
34,189 18
$171,85116
Total Permanent Blind Asylum Fund
Condition Permanent Deaf and Dumb Astlum Fund Aug 31, 1904$1,756 84
Cash on hand
$22,000 00
State bonds, 38
00
18.000
bonds.
48
State
33,000 00
State bonds, 5b
6,000 00
79,000 00
State bonds, 78
Land
Land
$1,795 83
42,174 41
51.804 53
notes, lOs
notes, 6b
Landnotes, 38
98,774 77
Dumb Asylum Fund
$176,531 61
figures for the fiscal year Aug. 31, 1993, were published in the Chronicle Nov. 21, 1903, page 2057.
Kansas City, SLo.—New Charter, At the election November 8 a board of thirteen freeholders will be chosen to draft
a new charter for the city.
New York £i%j.-Budget for 1905.—The Board of Estimate
and Apportionment on October 31 adopted the budget for
Tne aggregate for the coming year is |110,525,259 04,
1905.
as against |lu6,674,955 C9 for the current year, an increase of
The largest single item of appropriation is
18,850,303 95.
that of $21,997,017 77 for the Department of Public Education, this being an increase of $1,084,000 over the 1904 figures.
The amount set aside for the payment of Interest is $17,101,850 89— an increase of $1,912,899 25. Among other increases
may be mentioned $878,966 26 for the Police Department,
$297,664 48 for the Fire Department and $245,200 for the Department of Street Cleaning. On the other hand, with the
exception of the amount required for the redemption of the
city debt, which decreased $2,868,300 63, but few reductions
are shown, and these to'-.al only $82,000 all told.
Philadelphia, Pa.- Offering of Erie Stocfe.—Proposals will
be receivea until 12 m , November 15, by the Sinking Fund
Commifsioners, for 45,000 shares of the Philadelphia
Erie
Railroad stock. The sale of this stock was authorized by the
City Councils by resolution approved October 28. Certified
check or certificate of deposit in the sum of $25,000, payable
to the Sinking Fund Commissioners, required.
Total Permanent Deaf and
The
—
&
—
Superior, Wis.— DecMtouora Asaesament Bonds. The following, bearing on a decision handed down recently in the
United States Circuit Court of Appeals in the assessment
bond case of the city of Superior, appeared in the St. Paul
"Pioneer Press:"
Superior, Wig., Oct. 8.— A sweeping decision has been (franted by the United
States Circuit Court of Appeals in CtilcaKo that aftects some hundreds of thousands of dollars' worth of Superior sewer and street improvement bonds The
United States Circuit C"urt held that the holders of these bonds conla collect
from ihecltr odIc the amount that had been actually paid to the city Itself on
the special assessments of propwrty beneated by the improvement, less the
amount of money paid by the city as Interest on the bonds in the past few
years.
The case In which the decision of such great Importance was rendered was
that of Harry L. Jewell of Chicago a-ralnst the city of Superior, he suIdk to
recover about i;it>,Oio on special improvement bonds, together with intere.st
since IBdl, making the total amount about $17,000. The Court found that the
actual amount of money collected by the city on the assessments for these
special Improvements and for the paymentof tbe bonds had been I3,0uo. This
was al fo' which the Court would give the plaintiff Judgment, and from this
was deducted the amount of interest that; the city had paid on tbe face value
of the b.nds since they were issued. Jewell cla'ms that in any event he had a
right to collect from the city for the full am >uni of his claim, as he was the
only one then bringing suit. The Court held against him on this proposition
»l»o and every point of the decision of the lower Court.
This ttill leaves the plaintiU'the right to bring suit against the county. Large
numbers of the a'seuBmenis went delinquent wnh other taxes at a time when
the boom here collapsen, and since that time the County Board has settled
many or thKm-hundreds of thousands of dollars' worth of t»xes-at less than
face value and for almost nothing in some ca-es. Tne Court holds the city
cannot be held lo' these, and the only recourse is to sue the countv. If a
Judgment against the c»ui,l v should reiult. it would le no that organization's
anairs, as It would take a long time lo dgure out the status of the tax settlements, there are sonj« extended asseisments that these holders of special
Improvement bonds will be able lo collect on, bui not many.
t
See remarks in &tate akd City Section for May, 1904, paee
2149.
Bond Proposals and
week have been
Neo^otiations
tins
as follows
Abbotsford, Yllf. -Bonds Not Yet Sold.—
are informed
that no stile has yet been made of the $13,000 ii water-works
bonds described in V. 79, p. 925. If no sale is eff joted by the
first of tbe year, it is probable that another
election will be
called to vote an increase in tha interest rate.
Anderson, lad. -Bond »a/e.— This city has tnrned over at
lPar to the Mew Yorh Jewell Filtration Co. an issue of $2fi,0C0
fi% water notes.
Denomination, $500. Djite, Sept. I, 1904.
(
— Proposals
will
be
re-
by M. H. Kagey, Village
West Walnut Street bonds, maturing one bond of $100 every six
months from March 1, 1906, to Sept. 1, 191o, inclusive
Ohio Street bonds. Denomlnatix)n, »2on, except one bond for $100.
Maturity, one bond every six months, beginning March 1, 1908.
2,100 5%
Both issues are dated Sept 1, 1904. Inter-'st, semi-annual.
Separate bids to be made for each issue. Certified check for
10$ of the bonds bid for, payable to the Treasurer of the vil*
lage, required,
Ballston Spa, N. Y.—Bond Sale.— On October 31 this village sold to local parties at par an issue of $14 000 3}4%
water bonds. Denomination, $500. Date, Nov. 1, 1904. Interest atinually at the office of the Village Treasurer.
Maturity, $1,000 yearly on Nov. 1 from 1905 to 1918, inclusive.
Bath Township, O.—Bond Election.— Th\B township will
vote on the question of issuing $2,800 township-hall bonds at
the coming election.
Baxter, Iowa.— Bond Sale.— On Oct. 20 the $4,500 5% coupon lighting bonds described in V. 79, p. 1659, were awarded
Co. of Davenport for $4,525.
to Geo. M. Bechtel
Bay County, Mich.— Bond Eleetion.—The question of issuing bonds for a new court house will be submitted to a vote
at the coming election.
&
Bellevne (Ky.) School District.- Bond Election.—The
proposition to issue $45,000 ii high school-building bonds
will be submitted to a vote on November 8.
Big Stone Gap, Ta.—Bond Sale —The $20,000 6i 30-year
gold water and improvement bonds mentioned in V. 79, p.
1490, have been sold at 101 23 to the Finance «fc Trust Co. of
Big Stone Gap.
Black Diamond School District, Contra Costa Connty,
Cal.— Bond O/Teringr.— Proposals will be received until 2 p.
M., November 14, by Geo. A. Wiley, County Treasurer, for
$20,000 5% 1-20-year (serial) gold bonds of this district. Denomination, $1,000. Certified check for 5% of the amount of
bid required.
—
Boston, Mass.— Bond Sale, The Teachers' Retirement
of Boston has purchased at par an issue of $4,000 S^i
various municipal-purpose bonds.
Loan is dated Oct. 7,
1904, and will mature Jan. 1, 1924.
Brady (Texas) School District.— Bonds Fofed.—This district has voted in favor of issuing $18,000 4% coupon schoolhouse bonds. Denomination, $500. Date, July, 1904. Interest annually in April in Austin.
Maturity, 40 years, subj='Ct to call after 5 years.
Dtteof sale not yet determined.
W. D Crothers is Sscretary Board of Education.
Brownwood (Texas) School District.— Bond iVt-gfohafions.
—It was reported in some of the papers that the $6,500 6i
20-40-year (optional) bonds voted at the election held July 16,
If 04, had been sold to Trowbridge
Niver Co. of Chicago
at 101. This matter, we are informed, has not yet been
definitely arranged or closed as yet.
Buffalo, N. f.— Bond Sale.— We are informed that the
$268,476 49 3^« 5-year tax-loan bonds and the $61,000 9}^%
1-10-year (serial) grade crossing bonds offered without success on Oct. 11 have since been sold at par, part to Buffalo
parties and part to the sinking funds of the city. See V. 79,
p. 1490, for description of bonds.
Baford, tta.— Bond* Foted,— By a vote of 147 to 17 this
city on October 8 authorized the issuance of $JO,000 5i 20year school, electric-light and water works bonds. Denom-
Fund
&
nation, $1,000.
Caldwell Connty, Texas.- Bonda Registered.— The State
Comptroller on October 24 registered an issue of $14,000 5%
5-40-year (optional) road and bridge bonds, dated Oct. 10, 1904.
Calhonn Coantj (P. 0. Bockwell City), Iowa.— Bond
OJ'ering.— Proposals will be received until 12 m., Nov. 15, by
T. W. McCrary, County Treasurer, for $48,000
bonds of
Drainage District No. 9.
Date,
Denomination, $1,000,
April 1, 1904. Interest, semi-annual. Maturity. $5,003 yearly
on April 1 from 1905 to 1913, inclusive, and $8,000 April 1,
1914.
Accrued interest to be paid by purohaser. Certified
check for 5% of bid reqnired.
CleveLind, Ohio.— Bond Sale.- On October 81 the $! 84,000
i% coupon sewer bonds described in V. 79, p. 1490, were
awarded to E. H. R)llin8 & Sons of Chicago at 10465. Following are the bids :
H
Sec. Pav. Bb. A TrCo., Well.
Koth & Co. and Third Nat.
$101,3SB
Hank, Clnciiinall
Hayflon. .Miller *('«.. Cleve. 189,760
Fuller, Parsons & Snyder,
1P9.'-.20
Un<nHav. Bk *Tr.('o..Cln l«l,i;.2li0| CIcvPlant)
,1. Hayes A Sons. Clevp.. 1HIIH6 00
N. \V. Harris ACo., Chic ... ]HU,:<02
Sink. Fond Commls'n.Cleve. 11O,0l000 I'rov 8av.Uk.ATr. Co.,Cln. 185.8i0
E.
We
28,
(1,000 6%
126,500 00
$1.18078
9,'257 64
notes, lOs
notes, 5e
notes. 88
Martin Costello, Tombstone. $11,826 00
C, H. CofBn, Chicago
*ll,736 00
S. A. Kean, Chicago
11,661 00
H. Rollins
it.
Sons,
Chio..$l(l2,ft5fl
."SO
Blodget, Merrltt&Co.. Uos. l»2.3»2&e
Denison. Prior * Co.. rieve.,
f eastiiigodd & M«vor, <'ln. 192,046 CO
Albert C. Cane. N(>w York .. 1»1,H2 (jO
i
I
|
00
00
)
|
W
I
—
00
00
00
Clinton, N. ¥. -Bonds Not to be Imtued at Present. We are
advised thut the $7,000 electric light bonds voted at the election held September 26 will probably not be ipsued for several months. The vote was 88 to 10 in favor of the issue.
—
:
THE CHRONICLE
2108
lOTerport, Kj.— No Bond Election,— Vfe are informed
the report In fiome of the papers that on November 8 a
proprsition to istue water works bonds would be snbmltted
to » vote, Is not correct.
Colfax, y^ a»h.—Borid» Fo^ed.— This city on Oct. 27 voted to
ifsae not eiceeding $55,000 bonds for the Improvement of
the water enpply.
(
iba";
[Vol. lxiix.
Boaid of Trustees, for $22,000 water-works bonds at not
exInterest.
Detomination, $1,000. Date, Nov. 15,
Maturity, $1,000
1904.
Interest, January 1 and July 1.
yearly on January 1 from 1909 to 1930, inclusive. Certified
ceeding
6;^
check for 1^ of bid required.
Albeit Harrig
Is
Village Preg-
ident.
Frederlcktown, Knox Conntv, Ohio.— Bond« Authorized.
The Village Council has authorized the issuance of the
Colnmbns, Ohio.- Bond Sale.— The Sinking FundTrnsteeB
pnrcbaf ed at par and Inttrest during the month of October $20,000 waterworks bonds voted at tbe election held June
6, 1934.
These bonds will probably be offered for sale about
the following bonds
—
:
f lO.OCO
i% Scioto Df<ni bocda. dated Feb. 87, 1904.
tionat April
1
Maturity. April
1,
1034,
op
1914.
l,£00 4>t%»evrer bonds. dated Sept. 1, 1004. Maturity, Sept. 1, 1906. optional
Sept. 1, 1906.
4,600 i% Mlcblcnn Avenue bonds, dated Sept. 1, 1904. Maturity, Sept. 1, 1916,
optlDnBl Sept. 1, iBOf-.
3,100 4H» IllBh Street repair bonde, dated 8ept.l,l«04. Maturity, Sept.l, 1907,
optional Hept. I, 1900.
2,000 *% Bryden Alley improvement bonds, dated Sept. 1, 1904. Maturity,
Sept. 1, 1916, optloDul Sept. 1. 1906.
2,000 4« Benton Street Improvement bonds, dated Sept. 1. 19C4. Maturity,
Sept. 1, 1916, optional Sept. 1, 1905.
7,600 i% Carpenter Street improvement bonds, dated Sept.1,1904. Maturity,
Sept 1. 1914, optional Sept. 1. 1905.
Maturity, Sept. 1,
8, £00 4» alley- improvement bonds, dated Oct. 31, lfC4.
1916, optional Sept. 1. 1H05.
6,000 i% Broad Street improvement bonds, dated Feb. 1, 1904. Maturity,
March 1, 1915. optional March J, 1908.
2,000 4H* Broad Street Improvfment bonds, dated Sept. 1.1904. Maturity,
Sepu
>. 191)7.
optional Sect
l.
l>06.
8.CC0 i% Sixtb Street bonds, dated Oct. 31, 19C4. Maturity, Sept. 1, 1916, optional Sept. 1, 19(6.
5,000 *H Norwich Avenue bonds, dated Oct. 81, 19C4. Maturity, Sept. 1, 1916,
optional Sept. 1, 1905.
2,5C0 4» Bank Street improvenent bonds, dated Oct. 31, 1904. Maturity,
Sept. 1, 1916, optional Sept. 1, 1905.
Bonds Authorized.— The
City Council on Oct, 24 passed
ane^providing for the issaance of $50,000 4}4i ^^'
)^(» nt uonds (city's proportion). Denomination, $1,000.
ir
)]| attr than Jbn. 1, 1905. Interest, March 1 and Sept.
» il ^ Yoik City, Matnrity,March 1, 1916.
Lwok tonntv. 111.— Bond Sales.— We are advised that the
e ietue ot J500,f 00 3^^ gold asylum-building bonds voted
ovf mber, 19C2, has been sold (eeries "F"), tbe price being
This indicateB that $285,CCO of these bonds have been
par
placed since tbe date of our previous report, last May. The
ccunty aJgo received $20, E 69 65 accrued interest in addition
>
'
1
to the par value of the bonds.
Covert Townj-hip, Mich.- Bonds Fofed.— It is stated that
this towBfhip hss voted to ieeue $5,000 bonds.
CoviDgton (Ky.) Sihool District.— Bond Election,^ At the
coming election Nov. 8 the question of issuing $65,000 school
bonds will be submitted to a vote of tbe people.
Daj ton, Ohio.— Bond 6ate.- On October 29 the $20,000 4?
ccupon storm- water-eewer bonds described in V. 79, p. 1292,
were awaided to Seasongood & Mayer, Cincinnati, at ]02"033.
On the spme day tbe $18,000 5;^ sanitary-eewer bonds described in V, 79, p. 1354, were awarded to the Third National
Bank of Dayton at 112-81.
Deadwood Sctaool District, Lawrence County, S. Dab.—
Bond Offering.— Fntther dfctails are at hand relative to the
offering on November 11 cf $35,000 5^ bond?. Proposals for
these bonds will be received until 8 p. m, on that day by O.
W. Matson, Clerk Board of Education. Denomination, $500.
Date, Nov. 1, 1904. Interest semi-annually at the office of
the District Treafurer or at the Fourth National Bank, New
York Citv. Maturity, $3,C00 yearly on November 1 from
1914 to 1923, inclusive, and $5,000 Nov. 1, 1924; all bonds,
however, are subject to call after ten years. Total debt. Including this ieeue, $77,000. Assessed valuation, $2,486,000.
Certified check for 5| of bid required.
Denton, Tex. Bond Election Proposed.— It is stated that
an election is being talked of to vote on the question of issuing $25,000 water works and electric- light bonds.
Dablin, ^a.— Bonds Voted Bond Offering.— The election
—
October 25 resulted in a vote of 187 to 55 in favor of the
proposition to issue $45,000 5i city-ball, school, light, sewer
and fire-department bonds. Proposals for the se bonds will
be received until 12 M. Nov. 26. Maturity, Jan. 1, 1934.
Du BolB (Pa.) School District.— Bond Sa/c— This district
sold 6ome time since to A. T. Sprankle, Vice-President of tbe
Union Banking & Trust Co. of Dn Bois, an issue of $15,000
i^i echool-bDilding bonds at 100 '676. Denomination, $500.
Date, Aog. 1, 1904. Interest, semi-annual. Maturity, Aug. 1,
1919, subject to call after three years.
Dnratgo, Colo.— Bond Hale.— Oa Oct. 20
$1C5,010 5%
awarded
refunding water bonds to
10 20-year (optional)
of Denver, Colo.
James H. Causey
this city
Denomination, $1,000.
Interest, semi-annual.
Escanuba, Ulch.— Bond Election,— Oa November 8 the
quesiion ot iseuii-g $50,000 5% paving bonds will be submitted
to a vote of the people.
Essex Connty, Mass.— Ac fe 8ale.—0n October 31 the |50,COO l-10-y<ar (terial) rotes described in V. 79, p. 1979. were
awarded to Blodget, Merritt & Co. of Boston at 102'31 for 4
per cents. Following are the bids
Blcdpet, Merritf & Co. (for 48). $61, 165 City National Bank, Gloucester
:
I
Worrester North Sav. Instltututlon (for 3H38)
Co. (fCir4B)
AdamsA
I
50.006
|
61, OSS
I
(for3768)
Blake Bros. & Co. (for
4b)
$60,OS0
60,615
Fairfield, Heh.— Bonds Fo^ed.— This town, according to
reports, on Oct. 17 voted to issue $1,300 water-works bonds.
FiiirmoDut (W. Va.) Independent School District. -Bond
Election,
are infrrmed that the proposition to issue
$100,000 ec hool bonds will be eubmitted to a vote at the spring
election, and not next week, as at first intendecl.
Findlay, Ohio.— florid .£J/€cf ion.— The Mayor has isEued a
proclamation submitting the question of issuing ^20,000
park bonds to a vote of the people at the election Nov 8,
Forestport, Oneida Connty, N. Y.—Bond offering,— Propoeals will be received until 12 m,, November 10, by the
— We
Dec.
1.
GiilncsTille, Texas.— Bond Sale.-The $25,000 Si 10-40-year
(optional) city-hall bonds mentioned in V. 79, p. 1661, were
Trust Co. of Chicago
fold on October 11 to the City Loan
at par. Denomination, $5C0. Date, Nov. 1, 1904.
Interest,
&
semi-annual.
im
5Geneva, Neb.- Bond Sale.— On October 24 $24,000
20year (optional) refunding water bonds were awarded to
N. W. Harris & Co. of Chicago at par. Denomination, $1,000,
Date, Oct. 1, 1904. Interest, semi-annual. These bonds were
cffered as 48 on September 15 without success.
Geneva (N.Y.) School District— Bond Sai«.- On Oct. 81
$10,000 i% school-house-addition bonds were awarded to the
Geneva National Bank at par. Denomination, $1,000. Date,
Nov. 1, 1904. Interest, eemi-annual. Maturity, $5,000 May
1, 1905, and $5,0CO May 1, 19C6.
Georgetown, Mass.— Be»cr'p (ion of Bonds.— The $20,000
school- house bonds awarded, as stated last week, to Estabrook & Co. of Boston at 102 05, are in denomination of $1,000,
dated Nov. 15, 1904. Interest, semi-annual. Maturity, $2,000
yearly on November 16 from 1905 to 19:4, inclusive. See last
a
week's Chbonicle for
list
of bids received.
Glasgow, Ky.— Bond JS^ec<ion.— The proposition to issue
$20,000 5% 2-20-year (optional) street-improvement bonds will
be submitted to a vote at the coming election November 8.
Gloucester Connty, N. J.— Loan Authorized. The Board
of Freeholders has determited to borrow $9,000 to repair
damages to bridges caused by a recent storm.
Greensboro, Ga.— Bond Election. — On November 8 the
—
question of issuing $5,000 6% eleotric-llght-plant bonds, to
mature Jan. 1, 1915, will be submitted to a vote of the people.
GrotOD, 8. Dafe.— Bonds Authorized,— The City Council ifl
arranging for the issuance of $5,000 5^ 30-20 year (optional)
refunding bonds.
Grove City, Ohio.- Bond O^ertngf.— Proposals will be received until 7 p. M,, November 4, by Will C. Merritt, Village
Clerk, for $1,000 Q% 8-year street-improvement bonds. The
village has no debt at present.
Guttenburg, Iowa.— Bond 8ale.—We are informed that the
$8,500 6^ rounding and funding bonds recently authorized
will be taken at home.
Hsmilton Connty (P.
Cincinnati), Ohio.— Bond Sale.—
On October 29 the $25,000 4% 20-year bridge-repair botds described in V. 79, p. 1354, were awarded to Rudolph K'eyFollowing
bolte & Co., Cincinnati, at 107'50 and interest.
are the bids
Clncinnatl.|2e.S67
75
Co.,
28,875
00
Weil.
Kleybolte
&
Clndn.
Roth
*
Co.,
B.
f
German Nat. Bank. Cincin... i;6.692 50 Union Sav. Bk. & Tr. Co., Cln. S!6,256 76
SeaHODKOod & Mayer, Clncln. 26,5i650 Prov. Srv. B'kATr. Co.. Cln. 2B.V12 60
26,37f00 Third Nat. Bank. CinclDnati. 26 207 00
Western German Bk., Cin
26,S75 i-O Keoer. HoUman 4 Co.. Cln... iiO.IPOOO
8. Kuhn & Sons, CmclnDatl.
A. Kleybolte a, Co.. Cmcin... se.an 60 N. W. Harris i Co.. Cnilcaeo. 25,943 00
Atlaa Wat. Bank, Cincinnati.. 20,825 50 W.J.Hayes * Sons, Clere... 26,87100
Harrlson (N. J.) School District. -Bonds Voted. The citizens of this district recently, by a vote of 139 to 7, voted to
icstruct the Beard of Education to issue $45,000 5^ new
school-house bonds.
Hector (Minn,) Sihool District.— Loan.— This district desires the State Board of Education to take an issue of $6,000
Up to date the loan has not been sei% refunding bonds.
cured from the State.
Holly Beach. N. 3.- Certificates Voted,— By a vote of 60 to
31, this borough on October 18 authorized the issuance of
oertifioates for sewer purposes.
No details have been deter.
I
I
i
.
I
.
mined.
Holly Beach (N. J.) School District- Bond Sale.— On
October 25 the $7,000 6^ 3-1 6year (serial) school bonds deecribed in V. 79, p. 1730, were awarded to John Reese at par.
Uolyoke, Mass.— Bonas Proposed, The qoestionof issuinfir
$30, ceo electric-light plant-improvement bonds is before the
Board of Aldermen.
Hopklnsville, Ky.— I^oan Negotiated. We are informed
that the School Board has borrowed, with the consent of the
City Council, the sum of $20,000 to build a new school house.
This loan will be repaid out of tbe school levy.
proposition to issue $50,000 bonds for a
Bond Election.
sewerage system will be submitted to a vole of the people at
—
—
—A
tbe
coming
election.
Uiward Sebool District, Los ArgelesCounty.Cal.—Bond
Sale,- On October 24 tbe $4 OCO b% 2-9-ye8r (serial) bonds described in V. 79, p 1661, were awarded to the Los Angeles
Tiuet Co. at 101'275 and interest. Following are the bids :
Los Angeles Trust Co
W.
R. StaatsCo
$4,C61
4,081
1
|
Adams-Phillips Co., Los AnKeles.t4.01l
U. C. RoRers 4 Co.. Pasadena.... 4,011
N. J.-Correeted Etd.—R. M. Grant &Co,
City request us to say that they were joint bidders with Kountze Bros, for the $800,000 if bonds of this
county. The bonds, it will be remembered, were awarded to
E. D. Shepard & Co. See last week's Chronicle for list of
Hndson Connty,
of
New York
bids.
Hnntltgton (N.Y.) School District No. 3.— Bond Sate.—
18 $9,000 4% school house-enlargement bonds were
awarded to the First National Bank ot Huntington at par.
Denomination, $1,000. Date, Nov. 1, 1904. Interest, Janu-
On October
Nov.
5,
yearly on July 1 from
ary 1 and Jnly 1. Maturity, $2,000
$l,000,July
1, 1909.
and
inclusive,
1905 to 1908,
has sold |3,000 4?
Ithaffl N Y -Bond Snle. -This city
York City at 104 29.
sewer b^nds fo Geo. M. Hahn of New
Denomination,
$1,000.
Interest,
January and July.
Matur-
Election.— An election will be held
the question of issuing $15,000 5^ 80on
vote
November r4 to
Denomination, $500. Inyear goll sanitary-sewer bonds.
Chemical National Bank,
terest January 1 and July 1 at the
^^fisnpr
2109
THE CHRONICLE
1904.]
AU —Bond
^ jjfferson^&nty (P. 0. SteobenviUe). Ohio. -Bond
Offer
We
Maucli Chunk (Pa.) Scliool District.- Bond Sale.—
are informed that the Board of Education has placed with
home people all of the $30,000 d^i school- building bonds
described in V. 78, p. 1799.
Meln.se, Mass. -Bond SaZc— The $10,000 water- construction loan mentioned in V. 79, p. 1661, has been purchased by
the Sinking Fuad Commissioners as an investment.
Mexla,
Limestone County, Tex.-Bonds Not Sold.— No
been made of the |15,fi00 b% school-house bonds
See V. 79, p. 1355, for description of bonds.
1.
Middlesex County (P. 0. London), Ont. Debenture OJjertng,— Proposals will be received until 2 p. m., D camber 5,
by A. M. McEvoy, County TreaGurer, for $33,000 4^ gold con-
sale has yet
offered on Oct.
<«l-PropoFal8 will be received until 2 p. m November 26,
care ot the solidated df-bt debentures. Interest, June 15 and Dec. 15.
bv the Commissionera of Neel Free Turnpike, Denomiui- Maturity, Dec. 14, 1924.
bonds.
turnpike
5^
$4,000
for
County Auditor,
Mlliersbarg, Holmes County, 0.-Bo»d O/ering.— ProDate, March 1, 1904. Interest, semi- annual. Mation, $600.
will be received unMl 12 M,, Nov. 11, by Homer A.
posals
the
gross
of
for
check
5%
Certified
turity, Sept. 1, 1913.
1-10-year (aerial) streetBell, Village Clerk, for $9,052
amount for which bid is made required.
,
. ^u
improvement bonds. Djnominition, $9)5 20. Data, DdO. 1,
November
1 the
Sale,-On
Ohio.-Bond
Heights,
Kennedy
Interest, annual. Cash or certified check on a local
street and sidewalk bonds described in V. 79, p. 1904,
$3 500
$500 required.
for
bank
Trust
Bank
Savings
&
Provident
the
to
1661 were awarded
TVis.- Bonds to he Issued.— According to the
Milwaukee,
bids
following
The
interest.
109'60
and
Co. of Cincinnati at
local papers the City Comptroller has prepared a list of
were received
bonds which must be issued during the ensuing year. They
|2.fl78 00
Roth & Co.. Clncin.
Parks, $180,000;
Prov Sav. Bk A Tr. Co.. Cln..$2.T42 00 Well,
aggregate $815,000, and are as follows
2,670 00
2.719 65 8. Kuhn & Sons. ClnctnDatl.
SeanonKOod & Mayer. Gin
W.R.Todd&Co.. Cincinnati.. 2,655 00 s-treet improvements, $140,000; West Sewerage District, $80,R, Kleybolie & Co.. Cinctn.... 2.700 00
bonds of 0<0; South Sewerage D strict, $5'i,000; viaducts, $240,003;
Kokomo I nd.— Bond Sale.— The street and sewer
awarded
to Kinnickinnic Avenue Bridge, $125,000.
bsen
have
1681,
this city mentioned in V. 79, p.
Mineral Ridge, Ohio.-Bond O^ermgr.— Proposa's will be
the Kokomo Trust Co.
^ „
^
«t are int
until December 1 by H. C. Obi, Village Clerk, for
received
Vfe
Lamar County, Miss-DescripUon of Bonds.—
bonds. Date, Nov. 15, 1904. Interest, April 1 and
formed that the $50,0lO court-house bonds, the sale of which isoO
Maturity,
1 at the First National Bank of Niiee.
was reported in last week's Chronicle, were awarded on October
of $400 on Oct. 1, 1906, and a like amount on Oct.
bond
101
one
De'40.
at
Chicago
of
Co.
&
Nuveen
October 3 to John
nomination, |50O. Date, Jan. 1, 1905. Interest, 5%, payable 1 1907.
Missoula School District No. 1, Missoula County, Mont.
semi-annually. Maturity, $3,000 yearly on January 1 f rom
-Bond MZe.- Mason, Lewis & Co., of Chicago were the
1906 to 1980, Inclusive.
bidders on Oct. 24 for tha $45,000 4>^« 10-20-year
Laramie, Vf so— Bonds Not Yet Ready for Issuance.—tio successful
(optional) bonds described in V. 79, p. 1355.
the
$12,000
issu'ng
of
matter
the
in
taken
been
yet
action has
Monrovia, Cal.—Bonds Proposed.— The question of issureservoir bonds authorized at the election held Sept. 27, 1904.
$65,000 improvement bonds is being considered, but we
ing
BlecBond
Colo—
Larimer County (P.O. Fort Collins),
advispd nothing definite has been done in the matter.
are
issuing
$50,000
tion.— At the coming election the question of
Nacogdoches, Tex.— Bond ^iecfion.— Mayor R. T. Schindbridge bonds will be submitted to a vote of the people.
23 to vote on the
Bond 8ale.—0a Nov. 1 the $30,000 sewer ler has called an election for November
Laurens. S.
of issuing $50,000 5^ 30-40-year (optional) waterquestion
20-40-year
(opwater
and
5%
electric-Ught
and the $10,000
works and sewerage bonds.
tional) bonds described in V. 79, p. 1355, were awarded to
New Albany, Miss.- Bond Not 8old.—The $20,000 5-30-year
Seaaongood & Mayer, Cincinnati, for $41,027 50 and interest.
water and light bonds off-^red on Oct. 21 were not
(optional)
AuthorLebanon County (P. 0. Lebanon), Pa.— Bonds
were mentioned in V. 79, p. 1683.
ized.—The County Commissioners have decided to issue sold. These bonds
the
over
Bond O^erinflr.— Proposals will be
bridge
steel
Conn.—
build
a
new
bonds
to
Britain,
year
20
New
950
$8
Little Swatara Creek at Sarges Mill in Swatara Township.
received until 12 m., Nov. 22, by the Sewer Commissioners
Lewistown .(Boroujfh), Pa.— Bond Sale.— On October 81 for $100,000 4^ sewer bonds (sixth series). Denomination,
$100,000 i% coupon sewer bonds were awarded to N. W. HarInterest semi-annually, January 1 and July 1. Ma$1,000.
100-398
Following are the bids
H
H
:
I
:
.
.
.
H
'
C—
a
ris
& Co., New
York, at
N. W. HwTls ft Co.. New Yorfe. .100-398
100-37
William RussellA Son
:
Mieain County Nat.
I
And
Bank
100*00
others.
&
Denomination, $500. Date, Nov. 1, 1904. Interest semiannually at the office of the Borough Treasurer. Maturity,
Nov. 1, 1934, subj lot to call after Nov. 1, 1909.
Liverpool Township (P. 0. East Liverpool), Ohio.-Bond
£;/eciton.— This townsnip on November 8 will vote on the
question of issuing bonds for the improvement of highways.
Lttverne, Ala.— Boni Sale Not Consummated.—We are ad
Harden, MlHer
Co.. Cleye.... 100-007
vised that the sale of the $10,000 5% 10-20-year
(optional)
check tor $500, payable to the Treas-
Certified
turity, 1933.
urer of the city of
New
Britain, required.
bond offering will be found among
Department.
Newbnrgh School District No. 6, Orange County, N. T.—
The
offlcial
notice of
this
the advertisements elsewhere in this
Boni Offering.—Ttie School Trustees will sell at auction at
Dduomina10 a. M to-day (November 5) $6,750 5^ bonds.
tlon, $750.
Interest sami-annually at
Date, Nov. 15, 1904.
Columbus Trust Co. of Newburgh. Maturity, $750 yearly
on November 15 from 1905 to 1913, inclusive.
Newport School District, Oranme County, Cat—Bonds
Fo«ed.— The election October 3 resulted in lavor of iasulng
the
water and light bonds, awarded some weeks ago to John
Nuveen & Co., of Cnicago, at par, less $300 for expenses, has
never been consummated. A. B. Brooks, City Treasurer, is
$5,000 5% school-building bonds.
now offering these bonds at private sale.
New Waterford, Ohio.— Bond Election.— At the election
Lyons, Ohio.-Bond Offering —Proposals will be receivad November 8 the question of issuing $5,000 5^ 20-year electricuntil 12 M., November 7, by B. R. Richardson, Village Clerk,
light bonds will be submitted to a vote.
for the $5,000 b% street improvement bonds voted at the
New York City.— Bond Issues.— The following issues of
Date,
Djnomination,
$500.
election held September 10,
stock of New York City were taken by the sinking
corporate
Maturity,
Interest semi-annually in Lyons.
Sept. 1,1904
during the month of Octobtr
investments
fund
as
one bond yearly. Certified check for $100, payable to A. W.
Amount.
Int'st RaU. Maturity.
Purpose.
The village has no
Hard, Village Treasurer, required.
»li6,(i00
1»53
....
3
Armory bonds
60,000
1933
8
bonded debt at present. Assessed valuation 1904, $63,69D.
libraries
Sites for CarneRle
of parks, p»rkwtiys. plajRrounds, etc.—
McKlnney, Texas.— Bonds Not Yet Sold.— Ho sale has yet Imp'm't
50,000
1053
•.•
Manhattan and Rictiniand
8D.000
l»,i3
been made of the $8,000 i% 15-20-year (optional) electric-light
The Bronx
16,000
iU53
Brooklyn and Qiieeas
bonds described in V. 79, p. 691.
e.'^.ooo
11158
Water fund -BrDOklyn
102,500
1)153
McMInnTilie, Ore. -Bond Sale.-02 October 25 $20,000
Manhattan and The Bronx
20,000
l»d8
Queens
43^« refunding bonds were awarded to the MuMinnville Na- Department
40.000
lt)53
Public Oharltles-Buhdlnu fund
?5,000
1053
tional Bank at 101'65.
Denomination, $500. Dite, Nov. 1, Fire Departmi^nt— Buildlnu teleiiraph system ....
26,000
1»5:)
uf He ilth— Building fund
1904.
I aterest, semi annual.
Maturity, 20 years, subject to Department
1,000
1953
Klre alarm teli'tfraph system. Richmond
:
.
.
-.
call after 15 years.
N. J.— Bonds Not Sold.— No sale was made of
the $25 01)0 i% 30 year sewer bands offered on November 1.
See V. 79, p. 198 ), tor description of bonds.
Maple Hill, Minn.— Bond 8ale.—0n October 10 the $6,000
2-11-year (serial) road and bridge bonis described ia V. 79.
Co. of Daluth for
p. 1293, were awarded to Palford,
$5,750 and interest for 6 per cents.
ManaRqaan,
How &
Marion, Ohio.— Bonds Authorized.—The City Council on
October 17 authorizd the Issuance of $6,600 5% sidewalkassessment bonds. Denomination, $500. Dite, not later than
Nov. 80, 1904. Interest, March 1 and September 1 at the
office of the City Treasurer.
Maturity, .$500 each six months
from March 1, 1905, to Sept. 1, 1908, inclusive; $l,0O3 March 1,
1909, and $1,500 Sept. 1, 1909.
Bond Sale.—Oi November 1 the $11,000 4«^^ street-paving
bonds described in V, 79, p. 1730, were awarded to the Dayton Savings Biuk & Trust Co. of Dayton for $11,252 25 and
interest.
—
:
Wrtter main fund, Brooklyn
^•^•.V^""
Construction ^nd equipment Borongh Building,
Kichniond
„••„
1953
10,000
1953
19.3
35,000
0,600
halian
Additional water fund
Consiructlon ot bridge '.;0T-184tti streets
Consirucllou bridge ovo"- Gowanus Canal. B klyn..
Change of Urates Daiuago Commission, iS3d and
•24111 W.irds.
Ailaiilli; Avenue liniirovement. Brooklyn ... .....
Const ru tion and improvement toilet facilities,
1953
1953
1953
6.000
1»0,000
86,000
26,000
1963
1953
3.000
2,500
1968
1958
2,000
1,000
Imp'ni'i parks, parkways ard drives. The Bronx..
Reoull.llog retulni(ig wall. 14:th-148th Sis., ilan-
city i)arks
.
„
Fund for lopoarnphic il Bureau, The Bronx.
Construction Webster Avenuo rt'liof sewer.
Bronx
Maps and plans 2d and
Maps and plain 1st and
llh
W*rds Ouoens
.....
The
.......
Wards, Hlchni md.
Assessment bonds-street Improvemouts
."Jtli
19 >8
...
I
[
bonds
Nov.
1,
'05
8,600
2,600
5,000
1
'
183,199
!
«l,067,ew
Total
III
19 J3
19 A8
1«63
On or after
addition to the above bonds, the following " revenue
" ( temporary securities) were issued
Revenao bonds-Special
:
|8«9,500
:
:
THE CHRONICLE.
2110
Naiida(N. Y.)
Ui.ioii School District So. i.— Bond Sale.
October 18 the |9,000 4i bonds of this district were
awarded to Geo, M. Habn of New York 0117 at 100 03, DeDcminatlon. $1,000. Date, Oct, 1, 1904. Ix tercet, annual,
Matnrity, $1,000 yearly on October 1 from 1905 to 1913, in-
-On
[Vol. Lixix.
Red Lion School District, York County, Pa.—Bond Elecnon.— This district on November 8 will vote on the question
of ieaulDg $20,000 5-20-year (optional) school-house
bonds at
not exceeding 5i interest.
Bed River and Bajon des Glalses Levee end Drain aire
District (P. 0. MiirksTllle, La.)-Bond 0/ertnf;.- Further
Oklahoma flty, Okla.— iS^o Bend Ekcticn at This Time.— details are at hand relative
to the offering on Nov. 15 of
The City Council has repealed the ordinances submittinR to a |300,OCO
levee bonds.
Proposals for theee bonds wl
be
vote at the ccmtng election the question of IfBuing |175,000 received 5%
until 2 p m, on that day by the Board of Commisfif wer and $£C0,C00 water-fmprcvemcnt
bonds. It is probable ficners, E. R
Butler, Secretary.
Denomination, $1,(00.
that the matter will ccme up again in the spring.
Date, Nov. 15, 1904. Interest, semi-annually at the office
of
Oratge, V»\.- Bond Blection.^The City Council has de- the State
Treasurer. Maturity, 50 years. Bonds are exempt
cided to hold an election to vote on the queetlcn of iesnlng
from taxes. The district has no debt at present. Aeees'-ed
175,000 water-supply-improvement bonds.
valuation for
Pusadrna School District, los Angeles foiinty, Ca).— value estimated19C4. $247,685, and for 1905, $495 370. Real
at $2,500,000,
Bond Saie.- On October 24 the |65,000 4^% bords described
Revere, Mass.— Water-Plant Purchase Authorized,— At a
in V. 79, p. 1731, were awarded to Mason, Lewis
Co. of special town meeting held recently the purchase of
the plant
Chicago at 103 18 and interest. Following are the bide
if the Revere Water Ccmpany was suthorzed.
Adams
""
Phillips
Co..
tos
Ang.leS.lCe
00
Richland Ceunty, Ohio.— Bond i:Zec«ton.- At the coming
m! J?S,'J'?,rl5
^*^°-v9?"*!S??*5?-^®^
MacDona
d.McCoy
ACcChi. 65.9(I0C0 State Board of Examiners. .65 000 00
savings *Tr. CO.. 86.000 00 election the question of issuing court-house-improvement
llb'lrtTcSle%"e°^'*Y?rlf;::: aSST"*'^^"*
bonds will be submitted to a vote. Not exceeding |10 000
Peusacola, F\ a.— Bonds Not Yet Sold.— No sale has yet bonds are proposed for the
purpose of finishing the second
been made of the $750,000 i% improvement bonds offered floor, not exceeding
$7,000 for boilers and machinery in the
without success on June 1. See V. 78, p. 1514, for descrip- power house and not
exceeding $9,000 for the construction of
ticn of securities.
L, Hilton Green is President of the Board the town clock.
of Bond Trustees.
Bidgeway, Pa.—Bond Election,- On November 8 the quesPern, Ind.— iVo Bonds to be Isiued.—We &re informed that tion of iesuing §7,C00
4^ water and $10,000 i% sewerage 5-30the report that the City Council had authorized the issuance year (optional)
bonds will be submitted to a vote of the
of sewer bonds is not correct.
people.
Petalnma, Sot ( ma CouiiXj,C&}.- Bond Sale,- Oc October
Riverton, N. i.— Bonds Defeated.— The proposition to issue
17 the 136,000 i% fchool bonds described in V. 79, p. 1492, were $7,500 street improvement
bonds failed to carry at the elecawarded to the Bank & Trust Co. of Tomales at par.
lioa held October 19.
The vote was 5 for to 194 against.
Peters-bnrg, \a.- Bones Proposed.— The matter of issuing
Rochester, N. Y.—2\ mpcraj^ Loan.— The City Comptrol|70,0C0 i% 40-year street-improvement bonds will come up in ler on Nov.
3 awarded to the Security Trust Co. the |10n,0r0
the City Council at the regular meeting November 7. Under
8 months' loan mentioned on page 1981 of last week's Chronthe Charter the Council can issue these bonds without sub- icle, at A.% interest
and $35 premium. Following are the bids:
mitting the question to a vote of the people therefore the
Security Trust Co. ($35 premium). .4* F. B, JemilBon. New York
report in some of the papers that an election would be held J. & W. Sellgman & Co., N. Y..
4';0)t
on Nov( mber 8 for this purpose is not correct.
St. Johns School District No. 2, Multnomah Gonnty,
Pike Coanty, Ala.— Bond Election.— An election will be Ore.— Bond Election
Proposed,— The question of holding
held November 8 to vote on the question of issuing |150,000
an election to vote on the issuance of |10,000 school bonds
road-improvement bonds.
Is being considered.
Piqna, Ohio.— Bonds Authorized.^The City Council on
St. Lonip, Mo.— Bond Election Proposed,— The City
CompOctober 17 passed ordinances providing for the issuance of troller
recently had introduced in the Municipal Assembly an
the following bonds
ordinance providing for an election April 4, 1905, on the isEU$3,700 5% 10 year coupon refnndins bonds.
anoe of $9,000,000 public-iDDprovement bonds. This question
900 b% 1-8. year (serial) si reet-lmprovement bonds.
Both issues are dated Dec. 1, 19C4, Interest semiannually was at first proposed to be submitted to a vote at the general
at the Importers' & Traders' National Bank, New York City. election next week, but an ordinance to that effect failed to
Plain tity, Ohio.— Injunction Dismissed— Bonds Awarded. carry in the House of Delegates of the Municipal Assembly
New Bonds.— ThlB city will issue on April 1 next $1,000 reWe are advised that, with the consent of all parties concerned, the Court has dismissed the temporary injunction newal bonds.
Sandnsky Connty, Ohio.— Bond OiTcrtng.- Proposals will
granted in the suit brought to restrain the issuance of the
149,500 5^ (five iseuee) street improvement bonds offered but be received until 32 m., Nov. 13, by 8. M. Fronizer, County
not awarded on June 20. The bonds were subsequently sold Auditor, for $1,030 coupon W. L. Carmack ditch bands
to the Bank of Plain City. See V. 78, p. 2348, for description maturing $270 each six months from Jan. 1, 1905, to July 1
1906, inclusive.
of bonds.
San Fernando Union High Scho« 1 District, Log Angeles
Poeahcntas, Ta.— Bond Offering.— Pto^^osaIb will be received until 3 p. M., December 7, by J. F. Ward, Chairman County, CaL—Bonds Defeated.-Thia district has voted
Finance Committee, for $40,000 6% bonds for funding and against he issuance of $30,000 6% bonds.
San Francioco, Cal.— Bids Rejected-Bond Offering,- The
llquidai ion of indebtedness and for improvement
purposes
Denomination, |500. Date, Jan. 1, 1905. Interest, annual. bids received October 3 for |277,(.00 of the |4 673,600 3^4%
Maturity, $10,0t0 in five, in ten, Jn fifteen and In twentv gold bonds were rejected. Proposals are again asked for
•'
these bonds, this time until 3 p. m., November 21, by the
years afterdate.
Poplarville, SliBti.— Bonds Proposed.— The question of Board of Supervisors- Chas. W. Fay, Clerk. The bonds are
as follows
iseuing $15,000 water works bonds is being considered.
$260,000
l>0'^«'»Portland, Wich.— Bond Election.—
Maturity. $25,000 yearly on July 1 from 1906 to
petition has been
^Kl.."^?*","^.'
1W14 inclusive
presented to the Village Council asking that a proposition
724,900
^""'"^' »181,800 yearly on July 1 from 1906 to
to
^1908*1nclu'*iv°*'^'
issue $5,000 public-improvement bonds be submitted
to a 1,0;7,600
****"''"'• »8P,800 yearly on July 1 from 1006 to
vote of the people. November 17 has been fixed by
^1^16*lnc'lueiv°°*^*'
the
243,0C0
Council as the day on which the above question will be de^^^''^''^y- '^''•f 0" yearly on July 1 from 1605 to
^mO^Vr dusWe"^^'
cided by vote.
278,403 8H^ county-jail and hall- of -justice bonds. Maturity.
$17 400 .veany
^w.^uu
vearlT
on July 1 from 19U5 to IHiiO. incluslTe,
Portsmontb, N. a.— Bond Offering,— ProvoB&la will be re739,800
/
****'°''"5'- »41.100 yearly on July 1 from
1905 to
ceived until 12 M., November 7, by John J. Laskey,
^^22'?Dcl78lve°*'*'
Citv
740,000
^**-"'''*'^- $18,500 yearly on July 1 from
Treasurer, for $160,000 i% debt-funding bonds. Denomina
1906
\^*I^U Ync'lusli''*'"^^'
tion, thirty for 1500 each and cue hundred and
828,000
^°'"^^- ***'"'"y, $8,200 yearly on July 1 from
forty- five of
^^os'^to ?9»°4^Vc?u^fvl.
$1,000 each. Date, Sept. 1, 1904. Interest, semi-innual.
202,000
''°°^*' ^*^"'''*y' *^'^°'' y^*''y °° Jn'^ 1 from 1905
Maturity, Sept. 1, 1924.
^to^lM4*Tnciiw?ve
clnsive.
1
&
:
I
I
j
;
I
—
i
A
Wash.— Bond Issue.-We are informed
Ti'^"**"'''
that the $250,000 water bonds mentioned in V. 78
p 1289
have been taken over by the contractors for thewoik—
Jacobsen-Bade Company cf Portland. The work of improvei-u^A*",^
ment commenced November 1.
Princcville, 111.— Bond Sale.- On November
1 the $5 000
5% electrJc-Jight bonds described in V. 79, p. 1682 were
awarded to Rudolph Kleybolte & Co., Cincinnati, at'l02"22
and mteresr. Following are the bids
K. Kleybolte & Co., Clncln. .$5.1 11 00 Thos. J.
Boleer & CcChlcaeo $6 026 00
MbJ]r^^i^eV^o'!.irc.:t:5g?fg S;J^;^^ergS^
.
Edward Austin.
I
.
Prlncev.lle... 5,05i 00
|
Chas. U."ci)ffln Ch?cair6::-::-: 5-000 So
Pntnam Conntj (P. 0. Ottawa), Ohio.— Bond SaJe.- Following are the bids received October 29 for the
$38 OCO 6«
coupon road bonds described in V. 79, p. 1731
Sec Sav. Bk.4 Tr.Co.,Toledo.$S8,«75 00 Lamprecht Bros
4 Co CIbtp MS 4=0 on
BeasonKood & Mayer, Clncln. 88,528
:
I
25
I
S.
A. Kean.Chlca*o.?:....
:
35 Oie 60
County, iBd.— Bond Sale.— On Nov. 1 the $40.000 i% coupon funding bords described in V 79
p 1294
were awarded to Farson, Leach & Co., Chicago, for'$li,5C0.'
U"*®** fl^Srh School Dis
SJ!:^.^^«"
ti-i^f
trict, r^^^^'J^"!,*"^",**^**
CaI.-Bonda Fored. -This
district on October 22, by a
vote of 197 to 94, authorized the issuance of
$10,000 5% school
/.aI?*!"**"'^''
The above bonds will be issued in denominations of $lf
$503 and $1,000. Interest, semi-annual. Bids may be made
for the entire amount offered or for any part. Certified
check for 5% of the amount bid, payable to Cfcas. W. Fay
Clerk Board of Supervisors, required with bids, it being provided, however, that no check need exceed the sum of $10,-
Shamokin (Pa.) School District.— Pond Election.— At
the coming election this district will vote on the question of
^
iseuing §84,000 bonds.
Shawnee, Okla,— Bond Sa^e.- According to local papers
the City Council on October 18 passed an ordinance providing for the Issuance of $30,000 n% coupon city hall bonds.
Securities are dated May 1, 1903, Maturity, May 1, 1933,
sut jtot to call May 1, 1923. It is stated that the bonds have
been placed.
Skaneateles, N. Y.—Bond Sale.-Oa Oatober 31 $6,000 4;^
water-supply bonds were awarded to the Skaneateles Savings
Bank fat par. Denomination, $1,000. Date, Nov. 10, 1904.
Interest, January 1 and July 1.
Maturity, $1,000 yearly,
'' be^
ginnine July 1,1909.
Snohomish Connty, Wash.— .4c«fon en Bond Issue Not yet
/afeen.— We are informed that the Connty Board has not as
yet taken any ac ion in the matter of calling an < lection to
I
Nov.
THE CHRONICLE.
1904.]
5,
Terrace Park, Ohio.— Bond O^eringf.— Proposals will be
received until 12 M., November 26, by A. W. Highlands, Village Clerk, for $680 5% 510 year (serial) crossing and sidewalk bonds, dated Dec. 1, 1904. Accrued interest to be paid
by purchaser.
are advised that
Tif&o, Ohio.-Suit Still in Courts.—
the suit brought to prevent the issuance of the |1 8, 000 i%
Greenfield Street improvement bonds mentioned In V. 79, p.
929, is still pending in the courts.
Tonawanda, N. Y.—Ten.porary Loan. The Board of Aldermen on October 25 passed a resolution to borrow $20,000
from the First National Bsnk of Tonawanda for five months
at 5i. Loan is in anticipation of the collection of taxes.
Topeka, Kan.— Bond Election.— At the general election
next week the question of issuing $10,400 bridge bonds will
be submitted to the voters,
Troy, Idaho.- Bonds Not to be Reofered at Present,—
are advised that the $4,430 5^ 10-20-year (optional) waterworks bonds, offered without success on September 6, will
not be again placed on the market until about January 1,
vote on the qneftion of iesuing |200,000 bonds to take up outBtanding warrants and for road purposes.
Somerget Connty, Fa —Bond Sale.- On October 27 the
|250,000 4% oourthonse bonds mentioned In last week's
Chronicle were awarded to Kounfze Bros. & Co., New
York City, at 1C6 651. Denomination, |1,000. Date, Nov. 1,
Maturity, part yearly on NoInterest, spmi annual.
1904.
vember 1 from 1905 to 1984. inclueivp, as follows
We
:
COO In 190!^.
«4 '-—
*
4.000 in 19C6.
•
6,000
4.000
5.000
6,000
In 1807.
in 1908.
in 1909.
in 1910.
I
'
I
|
$6,000 in 1911.
6,000 in 1912.
6,0(10 in 1918.
6,C00 in 1914.
«1,000 in 1916.
7.000 in 19 6.
i
1
1
$7,000
7.000
8,000
H.OOO
8,0(0
1
9,0C
in 1917.
in 1« 18.
in 1919.
In 1SI20.
in 1921.
in 1922.
|
$9,000
9,000
10.000
11.000
10,000
12,000
in }933.
in 1924.
In 1925.
in 1926.
in 1927.
In 192S.
$11,000 in 1929.
13,000 in 1930.
—
12,(100 In 1931.
J4,000inl982.
14,000 in 1933.
14,000 in 1934.
Soarls, N. Diik.—Bida Rfjected,— All bids received Octo
ber25forthe $5,000 1% 10 year fire department bonds described In V. 79, p. 1781, were rf jected.
Sduth Pasadena City School District, Los Angeles County Cal.— £ond 0#<r in gf. — Proposals will be received until 2
p M., November 14, by C. G. Keyes, County Clerk, for $5,000
5^ bonds of this district. Denomination, $1,000. Date, Nov.
Interest annually at the c ffice of the County Treas14, 1904.
urer. Maturity, $l,COO yearly on November 14 from 1924 to
1928, iDclusive. Certified check for 5% of the amount of
bon(3s, payable to the Chairman Board cf Supervisors, required.
Stanhrpe, N. 3.— Bond Elect on.— An election will be held
November 18 to vote on the question of issuing $10,000 5%
water main bonds.
Statham, Ga.— Bonds Voted.— The voters of this town, on
October 11, author; zed the Issuance of $5,000 Qi 30- year school
bonds, to be dated Nov. 1, 1904. Thirty nine votes were cast
at the election, all of which were in favor of the issue.
Stonghton, Wis.— Bonds Fofed— This place, according to
reports, has vcted to iesue bonds frr a mnnioipal llght-olant.
Swls^yale (Pa.) School Di&trict.— Bonds Not to he Re
offered at Present.— Yfe are advised that the$41,0C0 4^ school
bonds offered without success on Sept. 20 and again on Oct. 3
will not be re-cffered for sale until after the election.
Tennille, Qa.— Bonds Voted— Bond Cffering.-Thia city
on October 25, by a vote of 125 to 3, authorized the issuance
of |8 OOO 6« electric- light and water- works bonds maturing
in 1925. Proposals for these bonds will be received at any
time by S H. B. Massey, Clerk of Council.
NEW
NEW
LOANS.
#io,ooo
Wq
1905.
Troy, Mo.— Bonds Fofed.- This city on October 25, by a
vote of 193 to 19, authorized the issuance of $10,000 eleotricligbt bonds.
Troy, Ohio.— Bonds Authorixed.-The City Council has
passed a resolution to issue $5,000 sewer- outlet bonds.
Utica, N. Y,— Election.— At the coming election November 8 an appiopriation of $25,C00 for purchasing additional
land for school purposes will be submitted to the voters for
approval.
Vf iilden, N. Y.—Bond O^eringr,— Proposa's will be received
until 8 P. M., November 11, bv James T. Young, Village
Clerk, for $3,000 registered fire house bonds at not exceeding
i% interest. Denomination, $500. D*te, Dec. 1, 1904. Interest annually en August 1, Maturity, $500 yearly on August 1
from 1905 to 1910, Inclusive.
Washington County (P. 0. Salem), Iiid.— Bond SaJe.— On
October 28 the |5,000 \% coupon poor-asylum bonds described
in V. 79, p. 1732, were awarded to E. D. Bush Sc Co. of Indianapolis for $5,087 50 and interest.
Waterloo, N. Y.—Bond Election Authorized.— The Village
President has been authorized to call an election to vote on
NEW
LOANS.
S9o,ooo.
Cascade County, Montana,
COUPON BONDS.
hereby given that, in pursuance of the
provisions of Article 3, Chapter 2, Title 2, Part 4, of
the Poltilcal Code of the state of Montana and of
the order duly made by the Board ot County Commlssionera of Cascade County. State of Montana, at
a meeilnK of said Board held on the 28tti day of
September, 1904, the said Board of County Commissioners will, on the 14TH DAY OF NOVEMBEK,
1904, at 10 o'clock A. M. of said day, at their office
Id the District Court House, In the City of Great
Kails. Cascade County, Montana, under and by
virtne 01 the order aforesaid and authorized by the
resolution du'y adopted by said Board at a regular
meeting thereof held on the 28th d; y of September,
1904. at the office of said Board in the District Court
House, in the City of Great Falls, Cascade County,
Montana, sell coupon bonds of said County of
Cascade to the amount of TEN TUOUSAND
Notice
211!
is
DOLLARS, drawiiiR Interei't at the rate of four per
cent per annum, payable semi-arnnaily on the first
day of January and the tirst day of July of each
year, which bonds will be of the denomination of
one thoutand dollars each, and sbali be redeemable
and psyable twenty years after the date of tbeir
Issue; provided, however, that said bonds shall be
redeemable at he optiou of the obligor at any time
after ten years from the date thereof. The said
coupon b( nds will be made payable at any NHttonal
bank designated by the purchaser thereof, and the
said County of Cascade will deliver fuch bonds at
said bank to the order of said purchaser. The
Interest on said bonds will be payable at the office
of the Treasurer of said County of Cascade.
Sealed proposals fir the lurchase of said bonds,
subject to letialliy. will be received up to the time
of sale, and the I'arty or parties otlering the h'gheot
bid and p' ice therefor will receive the said bonds.
A New York draft or check, certified by a Great
Falls bank, nayi.ble to the order of the County
Treasurer of Cascade County aforepaid to the
amount of 1500 00, must be deposited with the
County Treasurer aforesaid by each bidder as a
gnarHHty of good faith.
The said Board of County Commissioners reserves
the right to reject any or all bids
Bids should be marked "Bids on Bonds" and
Addressed to Fred. L. Hill, Cuunly Clerk, Great
Cascade Coui.ty, Montara.
of the Board of County Commisdoners,
Cascade County, Montana.
FUKI). L. HILL, County Clerk.
First publication October 8th, 1904.
Falls,
By order
Town of West Orange, N.
GOLD SEWER BONDS.
J.
Sealed proposals will be received by the undersigned at the Council Chamber in West Orange,
N. J., until 8 o'clock P. M., Movember 15th. 1904, for
the purchase of all or any part of $90,000, A% coupon
gold Sewer Bonds of the Town of West Orange,
N. J., dated November 1st, 1904. and maturing November Ist. 1934. Interest payable femi-annually.
Both interest and principal payable at the Orange
National Bank, in Orange, N. J. Bonds to be of the
denomination of $l,00i) ewch.
Bonds will be engraved under the supervision of
and certified as to genuineness by the United States
Mortgage & Trust Co., and their legality approved
by J. H Caldwell, Esq.. of New York City, a copy of
whose opinion will t e furnished to the purchaser.
Each proposal must be accompanied by a certified
check on a Slate or National Bank, or Trust Company, payable to Edward A. McGuIrk, Treasurer of
the Town of West
range, N, J., for i% of the par
value of the bonds bid lor.
The bonds will be delivered to the purchaser ob
November 2l8t. 1904, «t 11 o'cl' ck A. M.. at the
office of the United States Mortgage ft Trust Company. No. 55 Cedar street. New York.
The right is reserved by the Town Council 1 reject
any or all bids.
JOHN H. MORAN,
Chairman of Finance Committee.
N.
J.,
November
Ist. 1004.
FINANCIAL STATEMENT.
Assessed Valuation
Bonded Debt Including
)t
loatlng
Dtbt
this Issue......
(of which $-6,818 36 will
.
be re ired by above bonds)
School Debt, not Included above
Population, Census 1900, 6,889;
$4,329,460 00
310,000 00
108,P18 36
146,000 00
.
.
estimated ie04,
Blatks for sealed proposals may be had on applicaJOHN U. MORAN,
No. 84 Washiugion Street, West Orange.
tion to
S.
& Burr,
INVESTMENT BONDS
Perry, Coffin
60 State
WA\ TED.— Bond
department of
bank desires
employ experienced Eastern representative. Mast be higb grade man, of
good record, capable of earning fire
thousand dollars or m< re per year.
to
Correspondence treated in strict con
Address High Grade, care
fidence.
Commercial &
P. 0.
Box
958,
Financial
York.
Chronicle,
New
Blodget, Merritt
16
36
&
Co.,
Congress Street, Boston.
MA88AD STREET. NEW TORK.
STATE. CITY k RAILR OAD BONDS.
EHtnbllnhrd
H. C. Speer
CITY'
SPECIALISTS IN
MUNICIPAL, RAILROAD and Defaulted and Compromised
Municipals of Kansas and
other States.
STREET RAILWAY
Tinr.e Deposits.
BEACH,
lar^e, Tvell-known Chicago
H. C.
SPILLER &
CO.,
Specialists in Inactive Bonds,
'27
Slate Street,
•
-
Boiton.
t»<i!S5.
& Company
169 La Salle
YORK,
H.
Board of Sewer Commissioners.
Street,
BOSTON.
DBALERS IN
BONDS.
NASSAU STREET, NEW
H. STEARNS,
EDGAR
JAMES UEALY,
BANKERS,
BANKERS,
tcrett Paid on Daily and
SEWER BONDS.
Sealed proposals will be received at the office of
the Sewer Commissioners, New Britain, Conn., np to
noon Nov. 22, 1904, for one hundred sewer honds,
sixth series, each bond being for one thousand
dollars, bonds to bear interest at 4^, payable semiannually, January Ist and July Ist. the principal
becoming due in 193i!. Propo^al8 shall be accompanied by a certified check to the amount of Five
Hundred Dollars, payable to the Treasurer of the
City of New Britain. The right Is reserved to reject
any and all bids as the interest of the City may
appear. Signed,
lO.OOii,
Rudolph Kleybolte&Co.
1
SI 00,000
NEW BRITAIN, CONN.
<
West Orange,
LOANS.
COUNTY
St.,
AND TOWNSHIP
Chicago.
BONDS.
:===:
MUNICIPAL BONDS.
E. C.
Stanwood &
BANHEKtil.
95
IVIilk
Street,
BOSTON.
Co.,
—
THE CHRONICLE.
2112
the qneBtion of issuing $56,000 bonds for eewers. Th? Preai
dent has not as yet issnfid the call.
Wellingtou, Oh\o.— Bond Sale.— O a Ootober 29 thp fonr
isBues of 1)? street Improvement bonds, aggregating $6,^00, described in V. 79, p. 1733, were awarded to Lamprecht. Bros.
& Co. of Cleveland at 102 516 and Interest. Following are
the bids
Lamorectat Bros. & Co., CleTe.$6,16lG0 SeaBoneood & Mayer, Clncln.. 16,107 85
A. Kleybo'te & Co., CInoln ... 6.13100 Harden, Miller & Co.. Cleve.. «.ono 00
;
.
Sec. Sav. Bk. & Tr.Co.. Toledo. 6,130 00
New l8t Nat. B'k, Columbus... 6,lii9 00
Bk. *Tr. Co.,Cln.. 6,06 25
Sav. Bank, VVelUnBlon. 6.055 95
6,006 00
Well, Kothft Co., Clncin
Prov.
Siiv.
»
Home
DenlsoD, Prior & Co., Cleyelandand Boston
6,126 00
ceived until 8
N.
p. M.,
J.— Bond Q^eringi.— Proposals will bj re
Nov. 16, by John H. Moran, Chairman
Finance Committee, for $90,000 i% coupon gold eewer bonds.
Denomination, f 1,000, Date, Nov. 1, 19Q4. Interest, semi
annually at the Orange National Bank of Orange. Maturity,
Nov. 1, 1934. Bonds will be certified to as to genuicenees by
the United States Mortgage
Trust Co., New York City,
and their legality approved by J. H. Caldwell, Esq of this
Certifitd check on a State or national bank or trust
city.
company for 2% of the par value of bonds bid for, payable to
Edward A McQuirk, Town Treasurer, required,
TTie offlcicel notice of this bond offering will he found amorn,
the adv irtisements elsewhere in this Department.
West (Texas) School District.— Sonds Registered.— Oa
October 29 the State Comptroller registered $12,000 5% 10-30year (optional) school-house bonds of this district dated
&
,
O^t.
1, 1904.
Wllloaghby Township, Oiiio.— Boad Election— This township at t&e coming election will vote on the question of issuing |2 ),000 cemetery bonds.
Wood flard, Ok\a.— Bond Sale.— Oa October 28 the $50,000
6% 10-8J-year (optional) water- works boads described in
v. 79, p 1733, were awarded to John Nnveen
Co. of Chi
cago at par and interest.
&
INVESTMENTS.
Railroad,
810.
Delta Levee District, Miss— Bond
—Pfoponals will be received until 10 A. M D:;cember 1, by W. 8. B irry, President Board of Levee District
(P. O. Clarbsdale), for $509,000
non-taxabli coupon bonds.
T)j.*e, Jan. 1, 1905.
Maturity, Jan. 1,
Interest, semlannuil.
1955, subject to caU on any Interest-payi 3g da^e on and after
Jan. 1, 1930. Certified check for 10% of the amouat of bid,
payable to the President of the Baard, required. F, I. Williams is Secretary and Treasurer of the district.
Yunkers, N. Y.— Bond Offering. Proposals wi'l be received until 10:30 p, M, to-day (Nov. 6), by John E. Andru?,
Ma? or. for the following bonds
O^ertngr.
H
—
•
$100,000 4% tax-relief bonde, dated Nov. 15, 1904. Maturity, Jaly 1, 1907.
9h. Maturity, $3,000
21,0C0 4j6 road-improvement bonds, dated Nov. 1^,
Feb. 1. la08; »lo,<JOO Feb. 1, 1909, and 18,000 Feb. 1. 1010.
The above bonds will be delivered to the purchasers on
November 15.
YoungstOTTn, Ohio.— Bond Sate.— The following bids were
received Cjtober 31 for the four issues of 5% bonds described
in V. 79, p. 1664 :
•|2,517 38
C.S.Butler, Boston
Firemen's Pension Fond
2,493 50
A. Kleybolte & Co., CincIn ..
Seasougsod & Mayer, Cincln. "—
•la.'iSS 10
$732
2.412 00
50
$6,5-2-6
CSSKBO--
Z
nesTiiie,
Ohio.— A'o Bond Election at Present, — We ara
tion this fall.
INVESTMENTS.
R.
DAY
L.
& CO.,
BANKERS,
OorporatioD
8 Nassau Street,
NEW YORK.
40 Water Street,
BOSTON.
MEMBERS
E.H.ROLLINS & SONS,
NEW YORK AND BOSTON
BOSTON.
STOCK EXCHANGES.
Chicago.
OeATer.
upon
»J771 00
768 40
informed that the proposition to iscu^ the $300,000 bonds
proposed for a filtration plant, reference to whica was made
in V. 79, p. 1359, will not be submitted to a vote at the elec-
yielding investors 4^ to 5}4i.
and prices
application.
Bonds.
• The three issues of sewer bonds were awiirded to C S. Butler of Boston and
the grading bonds to the Firemen's Pension Fund of Youngstown.
BONDS.
Municipal and Cor-
lists
Oradinn
'
Service
Illinois.
•730
Sewer
B.id:
t755
AND
Public
¥2.370
Sewer
Bo'ide.
1 2,450
Sewer
Bonn*
poration Bonds, conservatively issued,
Printed
,
MUNICIPAL
THE AMERICAN TRUST
& SAVINGS BANK,
Oflfers
Ymzuo CUy, AlSB. ttond Offering. -Pr.posaU will oe received until 8 p. M.. December 12, by E. J. Poursine, City
Clerk, for |100,000 5i coupon mioicipal-buIMing and Im
provement bonds. Djnominations, twenty of flOOeach and
one hundred aud ninety six of $500 each. Date, Dae. 12,
1904.
Interest annualiv on D cember 12 in Yaz JO City.
Maturity, $100 yearly on Djoember 12 from 1905 to 1933, inclusive, and $98,100 on Drc. 12, 1924.
Cartifi-d check for $3,003,
payable to the above-named City Clerk, required. Bonded
dnbt at present, $203,000.
Assessed valuation 1908, $2,097,-
INVESTMENTS.
BOND DEPARTMENT.
Chicago,
Vol. Lxxix.
Yaz^o-Misslssippl
Allls, Wis.— Bond* Defeated.— The proposlHon to
issne $50,000 water- :vorbs bonds failed.to carry at the election
held October 15. The vote was 196 for to 254 against.
West
West Orange,
I
San Franeiseo. «TATE, MCNICIPAL, AND HIGH GRADE
RAILROAD SECURITIES.
INVESTMENT BONDS.
MUNICIPAL AND
PUBUC FRANCHISE CORPOBATION
SEND POR
LIST.
BONDS
New York & Queens Electric
OENISON, PRIOR &00
Light & Power Co.
BOSTON.
CLEVELAND.
PREFERRED AN» COmiHOX
Trowbridge& NIver Co.
STOCK.
MUNICIPAL AND CORPORATION
T.W. STEPHENS
BONDS.
& CO.,
1st
2 Wall Street,
New
CHICAGO,
Nat. Bank Bldg.
BOSTON,
60 State
T. B. POTTER,
MUNICIPAL and onKinc
OUNU^,
H. M.
LltST
•
•
R.
.
CHICAGO.
MacDonald, McCoy
& Co.,
HYDRAULIC PLANTS.
BONDS.
La
Salle Street, Cblcago.
FOR SALE:
Set of
New York
1S81
steel plate eflect.
the cheai)er kind, panly lithographed and partly
printed from type. 100 Stock Ce'tlflcates, $3 to
|35; the latter eiffraved with steel-plate borders
eleRanl. Seal Press, If with CertiUcates, $1 50.
B. KING & CO,, 106 William St., N.YJ
Engravers and Lithographers.
(Telephone.)
Earlier yeare
WM.
Life Buildino^,
CHICACO,
ILL.
Tribune,
TO DATE.
In three months TOlnmes.
Address,
bound
ExamlnatlonB and Reports.
New York
d; Co.,
HUmCIPAL AMD CORPORATION
X7I
DESIGN, CONSTRUCT AND OPERATE
RAILWAY LIGHT, POWER AND
CO.,
Municipal Bonds,
171 LA SALLE STREET,
lLL.g.
ON APPLICATION.
BUSTUN. MASS.
FULTON &
Street.
ENGINEERS.
BONDS
sfSEic CERTIFICATES
Handsomely euKraved;
Also
—
ALBEET
F.
INCORPORATKD.
172 Washington Street,
CHICA&O,
Byllesby
Sold.
HAYES & SONS,
NV. J.
OL.ETEL.AKD. OHIO.
York.
ENGINEERS.
CORPORATION
Bought and
B.
DANA COMPANY,
70>< Pine Street.
New Vork
City.
@FedFRASER