The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
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.
i•
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X/;
TWO
8ENERAL LIBRARY}
jJNIV. OF MICH,
•CT 8 1910
ONE.
N
r.l'
hv
/li’J
*
INCLUDING
Bank &
Quotation Section
Railway Earnings Section
Electric Railway Section
Railway & Industrial Section
Bankers* Conversion Section
,
State and City, Section
w
Copyrighted in 1910, by William B. Dana Company, New York. > Entered at N. Y. Post Office as second class mail matter.
VOL. 91.
NEW YORK,
gtattuucixl.
tgtwm&txt.
THE FARMERS’ LOAN & TRUST
Harvey Fisk* & Sons
COMPANY
NEW
f"
S
S
t. K ,»J.
L*
'
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.
Trustee. Guardian; Reeelrer. and in all
other fiduciary oapadtlse.
Acts
as
Trustee under Mortgagee made
by Railroad and other Corporations, andv
Registrar of Stocks
as Transfer Agent and
and Bonds.
Receives deposits upon Oertlfloates of
Deposit, or subject to chock, and allows
Interest on da&y balances, tj*
Manages Real Estate and lends money
bond and mortgage.
Will act as Agent in the transaction of
any approved financial business.
on
Depositary for Legal Reserves Of State
Bonks and also for moneys of the City of
Hew York.
v■”■■■*
Flsoal Agent for 8tates. Counties and
Oltlss.
/
16-22 WILLIAR| STREET
475 FIFTH AVENUE
NEW YORK
LONDON
PARIS
Members of Richmond and Baltimore Stock
THE LIBERTY
Railroad and
Municipal Bondi
^
The Company is a legal depositary for
moneys paid into Court, and Is author¬
ised to act as Executor, Administrator,
YORK
Government,
out the world
‘
.
Pinattjctxl.
BANKERS
Foreign Exchtngti CtU* Tramftn,
Utter* of Credit, Payable through¬
'
NO. 2362.
OCTOBER 1 1910.
INVESTMENT SECURITIES
-tkt.w
.
/»
••
BANK
NATIONAL
i
'
•
OF NEW YORK
*
■>
PHILADELPHIA, represented by
r. riftvuM
JAMES H. CHAPMAN, 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE.
.wl.v'.
218 La Salle St.
'
'
Hr-
*
%
’
BOSTON. MASS., represented by
JOHN B. MOULTON. 25 Congress St.
,
ISS BROADWAY
The National Park Bank
of New York
N.W. HARRIS A CO
BANKERS
4
Organized 1858.
Capital.
Surplus and Profits.
Deposits fcept. 1,1910
•
.
•
.
•
0
12.524,078 17
.
.
Pine Street, Comer William
$5,000,000 00
.
MEW YORK.
102,028.689 17
RICHARD DEL AFIELD.
President.
85 Federal St.. Boston
.•
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GILBERT G. THORNE,
JOHN O. MeKEON.
Vice-President.
Vice-President.
JOHN C. VAN CLEAF,
Vice-President.
MAURICE H; EWER,
paittles
letters
Cashier.
WILLIAM O. JONES.
WILLIAM A. If AIM,
At$i. Cashier.
Asst. Cashier*
■
.v,
Reeelve deposits subjeet to obeok
and allow interest on baianaee.
Act as flsoal agenta fog mualel*
j
and
;
Issue
corporations.
of j credit. and
deal
In
BONDS FOR INVESTMENT
vsti .1$ trj
*
\i\
j
•
■
LIST ON APPLICATION
FRED’K O. FOXCROFT. Asst. Cashier.
RlfthMMW.
-
John L. Williams & Sons
BANKERS
Comor 9th and Main Street*
p ' ■ jf
.
•
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ATC&
BANKERS
b : \
&
■
NATIONAL BANK
MIDDENDORF, WILLIAMS A CO.
•: -..r
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: J-\ , i
Members New York and Phlla. Stock Exchange
■
-’.MX
Fifth A venae Bnilding
IN VESTMENT SE0U&ITIES
88 Wall Street
GARFIELD NATIONAL BANK
*
J
iAtto&Vl
-
N. E. Cor. Breed ft Chestnut Sts..
Capital, .... $6,000,000
Surplus,..... 6,000.000
Genet Sth Ave. andHSrd St., New York.
Capital, $1,000,600
;
■
Correspondents:
r >.
Edward B. Smith
MECHANICS AND METALS
RICHMOND, VA
Baltimore
•
THE
Surplus, $1,000,000
Philadelphia
87 Pine Street. New York
DUEL W. POOR; President
JAMES MoCUTCHEON, Vloe-Pres.
WILLIAM L. DOUGLASS. Cashier
ARTHUR W. SNOW, Asst. Cashier
ORIGINAL CHARTER 1829
Chase National Bank
■
Clearing House Bnilding
Cap. ft Surp., 811,708,778
Francis Ralston Welsh,
GALLATIN
BONDS
NATIONAL BANK
X Dep.. $86.750478
A. B. HEPBURN, President
A. H. Wig gin, V.-Pres. C. C. Slade, Asst. Cash.
S. H. Miller, V-Pres.
B. A. Lee. Asst. Cashier.
H. M. Conkey, Cashier. W. E. Purdy, Asst. Cash.
A. C. Andrews, Amt. Cashier.
#
OF RAILROAD, GAS AMD ELECTRIC
LIGHT AMD POWER COMPANIES
108-m SOUTH FOURTH STREET
PHILADELPHIA
,
Oi) U3K Vi.
X"i
4'.”
'Si 11'
'
First National Bank
OFT«E CITY OF NEW YORK
STREETS—IS,
$1,000,000
2,460,000
Capital
^v;
Surplus tad Profits (earned)
OFFICERS
—CORNER NASSAU AND PINE
-
OF THE CITY OF NEW YORK
f; j! J i' fl jtl
,
THE EQUIPMENT OP THE
FOURTH NATIONAL BANK
“
THE
I
\h&
8AMUEL WOOLVBRTON, President
ADRIAN 1SELIN JR.. Vlee-Presldent
GEORGE B. LEWIS. Cashier- V
HOWRLL T. MANSOR. Asst. Cashier
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:
ESPECIALLY
SIS
ARRANGED FOR HANDLING
M ERCANTI le accounts.
,:
44
,
^
*
DIMCT0B8
CHESTNUT STREET
Adrian Isellnjr. ; 4
Frederic W. Stevens
Alexander H. OtevesM
W. Emiea Roosevelt
.
ACCOUNTS* INVITED
,
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^
,
(Bus. A. Peabody
Samuel Woolverton
^
Charles B Tweed
Thomas Danny
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CHUONICLE
THE
II
%sttlte*s au& Pvxwtx*
[VOL.
LXXXX1.
t\t f-inreifltt ^xcbange.
J. P. MORGAN & CO. Maitland, CIc pell & Co., Kidder, Peabody & Co.,
DOMESTIC AND FOREIGN BANKERS
Wall Street
62 WILLi « STREET
Corner of Broad
NEW YORK
DREXEL & CO*
DRK
PHILADELPHIA
Corner of 5th and Chestnut Streets
Loans.
Bills of
Exchange* Te legraphie Transfer*
Letter* on Credit
'
CO*
&
PARIS
Union
of
Cable Transfers
of the world
BOSTON.
throughout the United States
No. 23 NASSAU STREET.
Members New Yor« Stock Exchange.
Agents and
'
Messrs.
London,
oCCUITtlCS
Paris!
,
Buy and sell Bills of Exchange
_a,A
Execute
orders
for the purchase
Bonds and Stocks.
sellers and make cable transfers on all
points.
Issue Commercial and
rtf
f’rpn
if Travelers’ Credits, available In
A/x
CUU
-
and
sale
of
..
all parts
of the world.
BROWN, SRIPLEY & CO., LONDON
BANKERS
NEW
Seligman Brother«, London
Seligman Freret & Cie., Faria
Aleberg, Goldberg & Co., Amsterdam
The Anglo and London - Faria National
Bank of San Francisco, Cal.
New York.
IRedimnulMo.
BANKERS
INVESTMENT SECURITIES
27 Pine Street, New York
MEMBERS NEW YORK STOCK EXCHANGE
624 Fifth Ave.. N. Y.
507 Chestnut Street, Philadelphia.
Lawrence Turnure & Co.
INVESTMENT
Members of the New York Stock Exchange
64-66 Wall Street, New York
Deposits received subject to draft.
lowed
on
deposits.
Interest al¬
Securities bought and sold on
commission. Travelers’ credits, available through¬
out the United States. Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections in and
issue drafts and cable transfers on above countries.
Winslow, Lanier & Co.,
London Bankers:—London Joint-Stock Bank.
Limited.
Paris Bankers:—Heine A Co.
59 CEDAR STREET
Produce
BANKERS
Deposits Received Subject to Draft.
Interest
Deposits. Securities
Bought and Sold on
Commission.
on
Foreign Exchange, Letters of Oredit
of Credit and Travelers’
available the world over.
Bills of Exchange and Cable Transfers.
Deposits
received
a
to cheque
deposits.
and
Members New York Stock Exchange.
Securities bought and sold on commission
Act
as
Fiscal Agents.
Dealers In High-Grade investment Securities.
Exchange Bank
-
Surplus earned
Foreign Exchange
-
-
-
-
$1,000,000
500,000
bought and
sold.
Graham & Co.
Cable
Transfers.
Commercial and Travelers’ Letters of
Credit available In all parts of the world.
BANKERS
435 Chestnut Strtst
PHILADELPHIA
HEIDttBACH, ICKPEIMER & CO.
BANKERS.
Government
and
of
Municipal Bonds,
Railroads, Street
Railways and Gas companies
Securities
of established value.
87 William Street.
MEMBERS N. Y. STOCK EXCHANGE.
STREET, NEW YORK
Oeneral Foreign and Domestic
Execute orders for purchase and sale of
Stocks and Bonds.
Banking Business
Foreign Exchange Bought and Sold.
Dealers in Investment Securities
Issue Commercial and Travelers' Credits
available in all parts of the world.
John Munroe & Co.,
NEW YORK
BOSTON
Letters of Oredit for Travelers
Commercial Credits.
on
BROADWAY. Corner BEAVER ST.
Capital
BANKERS
Transact
subject
Interest allowed
UNTS INVITED
Kean, Taylor & Co.
Cheques,
Lists upon application.
NEW YORK
NEW YORK
Cablet “Mimosa.”
Letters
Bankers
SECURITIES
90 PINE
BANKERS
.
31-33 Pine Street. New York
BANKERS
Allowed
YORK
Graham, Vaughan & Co.,
44 Pine Street.
TAILER&CD
Seligman & Co,,
DRAW BILLS OF EXCHANGE AND MAKB
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE AND CALIFORNIA
.
for Travelers
Available in all parts of the world.
_
J. & W.
and Vienna.
Draw Bills of Exchange and make Telegraphic
Transfers to EUROPE, Cuba, and the
other West Indies. Mexico and California.
T
LTD.
Letters of Credit for Travelers.
Available in all Parts of the World
Correspondents of the
ROltHSCHILD.
States on foreign countries. Including South Africa.
INTERNATIONAL CHEQUES
CERTIFICATES OF DEPOSIT
„
00.
LONDON
Buy and Sell Investment Securities
favorable terms.
Collect
drafts drawn abroad on all points In the United
States and Canada; and drafts drawn In the United
on
A
Issue
ISSUE LETTERS OF CREDIT
-
Firms and Individuals
BROTHERS
BANE ERS.
vestment Securities on com- | nuPCtm pnf“
minion.
Receive account8A*A”t*liA1^11'’
Of Banks. Bankers. Corpora-
lions.
Correspondents of
BARING
August Belmont & Co.,
ALEX. BROWN & SONS. BALTIMORE.
Connected by Private Wire.
Hems N. Y., Phila., Boston & Balt. Stock Exch’s.
'
LETTERS OF CREDIT
TRAVELEBSf LSTTEH8 OF CREDIT
59 Wall Street
_
Limited.
Lorn >n.
Available
Brown Brothers A Co.,
Buy and sell first-class In-
Bank,
Agents for the B ak of \ustralasla. the British
Gill aa Bank, De; lerara, etc., etc.
Circular Letters for Travelers available In all parts
YORK.
FOREIGN EXCHANGE.
Smiths
And Its 13 ranches.
Interest allowed on Deposits
Foreign Exchange, Commercial Credits
NEW
INVESTMENT SECURITIES.
Messrs. Mallet Frerts & Cie.. Paris.
Banco ISacional de Mexico
Deposits received subject to Draft
Securities bought and sold on Commission
PHILA.
BANKERS
on
,4k
London
81 Boulevard Haussmann
.
STREET, NEW YORK
|
No. 82 Old Brood Street
HARJEsT
56 WALL
Orders executed toil aSi Investment Securities.
Act as agents of Corporations and negotiate and
Issue
MORGAN. GRENFELL & CO, LONDON
MORGAN,
115 DEVONSHIRE STREET BOSTON
Foreign Exchange
Cable Transfers.
MTJHBO* ft 00., Purls
Schulz &
Ruckgaber,
BANKERS.
15 William Street,
Members New
....
York
Stock
Bank
Bremen.
FUlale
der
Dresdner
Bank.
Issue Commercial & Travelers' Credits.
Buy and Sell Bills of Exchange.
Cable Transfers & investment Securities
as
Financial Agents
Issue Foreign and Domestic Letters of
Credit and Travelers’ Cheques
Knauth, Nachod&Kiihne
BANKERS
New York
Exchange.
Correspondents of Messrs.
Fruhllng & Goschen, London.
John Berenberg-Gossler & Co., Hamburg.
Marcuard, Meyer-Borel & Cie., Paris.
Bremer
Act
NEW YOBK
LEIFSIG, GERMANY
Member. New York Stock
Exchange.
INVESTMENT
SECURITIES
Oct.
11910.J
THE CHRONICLE
XattlMKS.
ISaukevs.
Sank***.
Millett,Roe & Hagen
Lee, Higginson&Co.
BANKERS
Wm. A. Read & Co.
BOSTON
N«w York
Buildings, Prince’s Street,
LONDON, E. C.
S3 Wall Street
BANKERS.
Chicago
HIGGINSON &. CO.
I Bank
hi
Dealers In
,
Member* New York, Chicago and Boston
Stock Exchange*.
Investment Securities
Ntw York
HIGH-GRADE BONDS
Members New York Stock
Excdange
Boston, 15 Congress Street
25 NASSAU
STREET,
NEW YORK
Plympton, Gardiner & Co*
BOSTON
BALTIMORE
CHICAGO
N. W. HALSEY & CO.,
LONDON
Bankers
Members New York and Chicago
Stock Exchange*
.
BONDS FOR INVESTMENT
Conservative Investments
Interest Allowed
on
Deposit Acoonnts
Fiscal Agents for Cities and
Corporations
LISTS ON REQUEST
27 William St., New York
232 La Salle Street,
CHICAGO
54 Old Broad Street,
LONDON, E. C.
Rhoades&Compan/
49
Wall Street, NEW YORK
Philadelphia
Chicago
San Praacisco
BANKERS
45 WALL STREET, NEW YORK
George P. Butler 5c Bro.
86 Wall Street
High-Grade Bonds
Trowbridge & Co.
Stata, Municipal
and
NEW YORK
Members N. Y. Stock Exohange
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
BANKERS
Members New York Stock
Exchange
Bonds and Stocks
for Investment
Member* New York Stock Exchange; Execute
Commission Orders; Deposits received subject to
draft.
Letters of Credit and
Travelers’ Checks
Available Throughout the World
HARTFORD—86 Pearl Street
NEW YORK
111
134 Orange St.
BANKERS
CHICAGO
BOSTON
Members of New York & Chicago Stock
Blake Brothers 5c Co.
Exchange Place,
NEW YORK
Issue
NEW YORK CITY
Commercial and Travelers9
Letters of Credit
DEALERS IN
Securities
and Commercial Paper
COMMERCIAL PAPER
INVESTMENT SECURITIES
Investment
Members New York & Boston Stock Exchange*
Zimmermann & Forshay
24 BROAD STREET.
Members New York Stock Exchange.
NEW YORK.
Orders executed for stocks and bonds for Invest¬
ment or on
Exchange.
BANKERS
Corporation and Collateral Loans
Commercial Paper
also
INVESTMENT SECURITIES
Member* New York Stock Exchange
and Boston Stock Exchange.
IS Congress St.
Ill Broadway
BOSTON
NEW YORK
2S4 LaSalle St.
\
CHICAGO
20 Nassau
Street,
New York
-
HIGH-GRADE
INVESTMENT
SECURITIES
WollcnbcrgcT 5c Co.
Specialists In
f
Foreign Government Bonds
margin.
206 La Salle Street
BIRD S. COLER
-
-
CHICAGO
LEONARD H. HOLE
Forsign Exchange Bought aid Said
W. N. COLER & CO.
Letters of Credit Issued
BANKERS
TRANSACT
BOND & GOODWIN
So.
Correspondence Invited.
BOISSEVAIN & CO.
9 and 11 Wall Street, New York.
A GENERAL BANKING AND
STOCK EXCHANGE B USINESS.
Members of New York Stock Exchange
BANKERS
BANKERS
Adolph Boissevaln & Co..
Amsterdam. Holland.
BANKERS
Available In all parts of the world.
and other MUNICIPAL BONDS
Members New York Stock
SIMON BORG 5c CO.,
Exchanges
Execute orders for purchase and
sale of
Stocks and Bonds
Buy and Sell Foreign Exchange.
CABLE ADDRESS, “COLDNESS”
14 State Street,
BOSTON
Dealer* In
Draw Bills of Exchange and make Cable
Transfers to Europe, Asia, Australia, the
West Indies, Central and South America and
Mexico.
Goldman, Sachs 5c Co.
60 WALL STREET, NEW YORK
60
Cor. of Wall and Broad Sts., New York.
Issue Letters of Credit for Travelers, avail¬
able in all parts of the world.
NEW HAVEN
Broadway
H. B. HOLLINS & CO.
Cable
Transfers
to
all
Parts
of
the
World.
43 CEDAR ST., NEW YORK
INVESTMENTS
CRAMP, MITCHELL & SHOBER
BANKERS
1411 Chestnut St.
Philadelphia
Members New York and Phlla. Stock Exchanges
New York Cotton Exchange
Investment
Securities
Shoemaker, Bates &, Co.
BANKERS
fNew York Stook Exohange
Members! New York Cotton Exchange
IChicago Stock Exohange
INVESTMENT
37-43 Wall
SECURITIES
Street, New York
Waldorf-Astoria and 500 Fifth Ave., Now Y*k
Real Estate Tr. Bldg., Phils.
:
the chronicle
If
*.1
1
t
|VOL.
-‘l-
\J%
■
LXXXXI.
UatutAtetK.
swigti*
DEUTSCHE BANK The Union Discount Co. BANK OF MONTREAL
BERLIN W
of London, Limited
OAWrki.
Behrenstrasse 9 to IS
S9 CORNHILL.
,
v
12,000,000 00
PHDIVIDKD PBOritS,
44
—S7.S00.000
-
-
-
-
-
Telegraphlo Address, Udlsoo, London.
U7.m.ooo
CArrrAL....^.^.^-
RB8ERVE--ii-Yo---i--^r-»»4n4M
Dividends paid during last ten yean:
II. It. ^1. 11. 12. 12. 12. 12. 12. 12 X P«
oent
DRESDEN. FRANKFORT-OM.,
HAMBURG.
LEIPSIO.
MUNICH.
NUREMBURQ. AUGSBURG.
BREMEN.
.#v
^
WIESBADEN.
*
*
Capital Subscribed
Paid-Up
Reserve Fund
NOTICE IS HEREBY GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
At CaU, I X Per Cent.
At 8 to 7 Days’ Notice,
,
4 George Yard.
Lombard St..
LONDONER. 0.
J* \
'
-
Head Office—Montreal
Rt. Hon. Lord Strathcpna and Mount Royal,
G. C. M. O.. Q. C. V. O.—Honorary Presldeu
R. B. ANGUS. President.
Sir Edw. Houston. Bart.—V.-Pres. a Gen. Mgr
s
_
—gw—f-** .fS i
NEW YORK OFFICE,
^
64 WALL STREET
and
R. Y. HEBDEN,
1
W. A. BOG.
J, T. MOLINEUX J
de¬
(Agents.
posit at rates advertised from time to time, and
grants loans on approved negotiable securities.
CHRISTOPHER R. NUGENT, Manager.
The London City &
Midland Bank, Limited,
Boy and Sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Trav¬
elers' Credits, available in any part of the world:
Issue drafts on and make collections In Chicago and
throughout the Dominion of Canada.
London Office, 47 Threadneedle St.. B. C.
F. WILLIAMS TAYLOR. Manager.
HEAD OFFICE
Merchants’ Bank of Canada
S Threadneedle Street, London. England.
BANCO ALEMAN TRANSATLANTICS
With Branches In all the Principal Cities
Towns of England and Wales.
M. 20.000,000.
HEAD OFFICE MONTREAL
Rest*anV*rfadfrided* ProfftsI II III III I^ilOSllfT
NEW YORK OFFICE, 64 and 65 Wall St.
W, M. RAMSAY.
ESTABLISHED 1886
($7442.000)
SUBSCRIBED CAPITAL-
and
Telegraphic Address: .Cinnabar, London.
(Deutsche Ueberseetsehe Bank.)
t
PAID-UP CAPITAL--,------—-(4S.SS7.000)
M. 22,500,000.
*
(41.SSS.000)
RESERVE FUND.----------
6,827,000.
SUBSCRIBED CAPITAL,
PAID-UP CAPITAL, -
RESERVE FUND,
HEAD OFFICE
-
$95,741,700
19,946,187
17,951,668
-
Sir EDWARD H. HOLDEN, Bart.,
Chlrman and Managing Director.
BERLIN
Kanonlerstraase 20 to 40.
.
Berliner
TroJUlo.
,
or
.
,
147 branches in the Provinces of Qnebeo. Ontario.
Manitoba. Saskatchewan, Alberta and« British
Columbia. Good facilities tor effecting prompt sotlectione in Canada. Buy and sell Sterling Exchange
and Cable Transfers, issue Commercial and Trav¬
elers’ Credits available In any part of the world.
London Agents—The London Joint Stk. Bk., Ltd.
WOOD, GUNDY A CO.
Handels-Gesellschaft,
advanced spen^
*
Drafts, eaOle-trtuufers and tetters
\Agents.
crookalL. )
MUNICIPAL AND CORPORATION
Santiago, Temuoo, Valdivia, Valparaiso.
Bibieontf&r colleetion, negotiated
C. J.
Canadian
.t-u l
vr 4'
... r;/i
£, Branches: •
ARGENTINA: Bahla-Blanca. Buenos Aires,
Gordoba, Tucuman.
BOLIVIA: La Pas, Oruro.
CHILI: Antofagasta, Concepcion. Iqulque,Osorno.
PERU: Arequlpa, Callao, Lima,
URUGUAY: Montevideo.
SPAIN: Barcelona, Madrid.
;
9X Per Cent.
The Company discounts approved bank
mercantile acceptances, receives, money on
5,,
(Berftn) London Agency
Deutsche Bank
*681[gBI
2.760.000
2,900,000
45mhb£1 STERLING.
BRUSSELS. CONSTANTINOPLE
and the. ^
-—-—
TORONTO
CANADA
BERLIN, W., 64
Behrenstrasse 42-44 and Fransoelache-Strasse 42
CO.
Telegraphic Address—Handdechaft, Berlin,
of credit issued.
London Agents
DEUTSCHE BANK (BERLIN) LONDON AG* Y
GEORGE Y’D, LOMBARD ST.. LONDON. E.C.
CANADA
MONTREAL
ESTABLISHED 1856
Ctntditn Bond*
Bought, Sold add A,prated
Banking Transactions of Every Description
Direction der
:
Disconto-Gesellschaft,
Capital, Reserve,-
ESTABLISHED 1861
-
-
-
-
-
-
.-a *,
i\ ti
w
M. 110,000,000
H. 34,600,000
’govtlgu.
VAN OSS A CO.
* >
i
0*
BREMEN. FRANKFORT-o-M., MAINZ.
w
Place American Investments In Europe
HOOHST-o-M., HOMBURG v. d. H.,
POTSDAM. WIESBADEN.
LONDON. E. C..
*
> *
THE HAGUE, HOLLAND
BERLIN W„ 48-44 Behrenstrasse
Swiss Bankverein
Sdiweizeriseller Bankverein
Bankverein
Tel. Address, Vooo.
Codes: Hartfldd’s Wall St., W. U. A Lleber.
Suisse
S3 CornhiU.
Basis, Zurich, SL Gall, Gsnsva
CAPITAL, fully paid,
-
Agencies at Rorschach, Ghb&sso and Herlsau
$40,476,200
M. 170,000,000.
RESERVE
$14,307,764
M.
LONDON OFFICE, 43
60.002.011.
With the unlimited personal liability
of the following partners:
A. SCHOELLER,
I
M/SCHINCKEL,
Drill* 3ALOMONSOHN,
S- RUSSELL.
F. URBIG,
Capital paid up, • Frs.62,800,000
Surplus, .... Frs,16,330,000
Brasilianische Bank The
fUr Deutschland
CAPITAL..
Branches:
SANTOS. PORTO
ALBGRfa.
CAPITAL
M. 10.000.000 00
HAMBURG. WITH BRANCHES IN CHILE
\NCODE CHILE Y ALEMANIA), ANTOFAOTA. CONCEPCION. SANTIAGO. TEMUCO.
LDiyiA. VALPARAISO,
"(BANCO DE
^BOLIVIA
g^SECdCN
VICTORIA; AND
CHILE
Y ALE-
BOLIVIANA), LA PAZ
LONDON AGENTS:
DIRECTION DER DISCONTO-GESELL¬
SCHAFT. 44 CORNHILL. E. O
SS
CORNHILL.
-
-
-
-
LONDON. E. C.
Cable Address—Natdls: London.
BAHIA.
Bank fur Chile und
Deutschland
National Discount
Company, Limited
.1*1.10 000.000 00
Head office: HAMBURG.
RIO DE JANEIRO. SAO PAULO.
Lethbury, E. C.
Subscribed Capital
Hong Kong & Shanghai
BAN KINO CORPORATION
P&ld-up CapItaKHong Kong Currency)
516,000,000
Reserve Fund/In Gold
815,000,0001
81,000,000
\In Silver.. 16.000.000j
Reserve Liabilities of Proprietors
16.000,000
GRANT DRAFTS, ISSUE LETTERS OF CREDIT,
NEGOTIATE OR COLLECT BILLS PAYABLE IN
CHINA, JAPAN, PHILIPPINES, STRAITS SETTLE¬
MENTS. INDIA.
„
WADE GARD’NER, Agent. 86 Wall St.
Wiener Bank - Verein
ESTABLISHED UN
CAPITAL
(fully paid)
-
S26.342.Md
-
(180.000.000 crowns)
RESERVE FUNDS
......
-
$7,909.00$
-
(89.000,000 crowns)
491.166.S26
4ASS,225 HEAD OFFICE VIENNA
9.200.000
in
Paid-up Capital
Reserve Fund
(45=s £1 STERLING.)
NOTICE IS HEREBY GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
'
At Call. 2 X Per Cent Per Annum.
At S to 7 or 14 Days’ Notice, IX Per Cent.
(AUSTRIA)
Austria-Hungary
Agram, Aussig a-E., Bielitz-Biela,
Branches
Brunn, Budapest, Carlsbad, Czernowitz, Friedek-Mistek, Graz, Innsbruck
Klagenfurt, Krakau, Lemberg, Marien-
bad, Meran, Pilsen, IVag, Przemysl,
Approved bank and mercantile hills discounted.
Money resolved 'on deposit at rates advertised Prossnitz, St. Pol ten, Tarnow, Teplits,
from time to time ana for fixed periods upon Teschen, Villach, Wr. Neustaat.
specially agreed terms
Loans granted on approved negot able securities
PHILIP HAROLD WA
.
Manager.
Branch in
Turkey
Constantinople
.
O0T.
THE CHRONICLE
11919.]
©atutdfero.
THE CANADIAN JANK
OF
,COMMERCE
Mackay & Co..
HEAD OFFICE. TORONTO
PAID-UP CAPITAL
SURPLUS
I-/—.—.
-$10,000,000
6.000.000
NEW YORK OFFICE:
Noe; 16 AND 18 EXCHANQE PLACE
Wm. Gray and 0. D. Mackintosh. Agents
Boy and Sell Sterling and Continental Ex
dtango and Cable Transfers. Commercial and
Traveler’s Credits. Collections made at all points.
Banking and Exchange business of
scription transacted with Canada.
Eld ward Sweet & Go
BANKERS
Members N. Y. Stock Exchange
Members of the New York
Stock Exchange. Dealers in
Bankers & Brokers
High-Grade Bonds and other
Investment
every de¬
LONDON OFFICE—2 Lombard Street. E.O
BANKERS IN QKkAT BRITAIN.
The Bank of England.
The Bank of Scotland.
Lloyd’s Bank. Limited.
Union of London and Smith’s Bank. Limited.
34 PINE STREET
Securities.
allowed
terest
on
In¬
deposits.
NEW YORK
National
City Bank Building
55 Wall Street
ESTABLISHED 1884
NEW YORK
The Bank of
British North America
Established in 1836
Incorporated by Royal Charter In 1840
Paid-up Capital
Reserve Fund
ESTABROOK & CO.
£1.000.000 Sterling
£680.000 Sterling
Head Otfloe:
8 Graoechurch Street. London. E.O.
New York Office: 68 Wall Street.
H. M. J. McMICHAEL.lAgents.
W. T. OLIVER.
*
J
Boy and sell Sterling and Continental Exchange
and Cable Transfers.
Grant Commercial and
Travelers’ Credits, available In any part of the
world.
Issue Drafts on and make Collections
In all parts of the United States and Canada.
WE FINANCE
BANKERS
Electric
Light, Power and Street
Railway Enterprises with records
of established earnings
Members New York and Boston
Stook Exchanges ■**
INVESTMENT SECURITIES
WE OFFER
15 State Street,
24 Broad Street,
HARTFORD
BOSTON
NEW YORK
-
BALTIMORE
Bankers
Proven
CHICAQO
OHAS. MEREDITH.
J. J. REED.
President.
Vice-President.
G. W. FARRELL, Secretary-Treasurer.
A. H. B. MACKENZIE, Manager.
DIRECTORS:
ALFRED BAUMGARTEN C. R. HOSMBR
Oapt. D. C. NEWTON (Montreal)
H. ROBERTSON
C. B
GORDON
Investment
Dealers
Securities
Coneepondenoe Solicited
C. Meredith & Co., Limited
But Brokers at Fiiacial Aguts
and
Public .Utility
ELECTRIC BOND ft SHARE CO.
R. L. DAY & CO.
37 Wall St.
35 Congress St.
NEW YORK
BOSTON
vPaW-Up Capital and Surplus. $4,900,000)
71 BROADWAY
NEW YORK
HKB- BRIBE INVESTMENT BONBS
Muitlolpal and Railroad
WU1UM P. BONBRIGHT & COMPANY
*
MONTREAL
BANKERS
Members New York and
Boston Stock Exchanges
Members of the New York Stock
Colorado
Springs
24 Broad Street
NEW YORK
COLORADO
Canadian
Investment Securities
Exchange
London
ENGLAND
Electric Power Securities
Tucker, Anthony & Co.
BANKERS ft BROKERS
CORRESPONDENCE SOLICITED
DOMINION SECURITIES
CORPORATION, LIMITED
Toronto
Montreal
89 STATE STt
BOSTON
94 BBOAB STW
NEW TORE
NOBWIC& Travelers9
NEW BEDWOBD
Members Boston and New York Stock
INVESTMENT
London, Eng.
Interest
LIMITED
Trustees-Transfer Agents
BOND DEPARTMENT
35
Mew York
49 Wall Street
Congress St, BOSTON
BERTRON, GRISCOM ft JENKS
Alfred Mestre&Go
BANKERS
BANKERS
Corporation Bonds
MONTREAL
OANADA
Land Title Building.
40 WaU Street,
PHILADELPHIA.
NEW YORK.
Members of the New York
Stock
INVESTMENT SECURITIES
HANSON BROS.
Dealers In
Canadian Investment Securities
Deposits Subject to Check
Bigelow & Company
InvastmaBit Saotirltlaa
INVESTMENT TRUST CO.
for our circular giHng CttatU
James 81. Street
on
BANKERS
THE
Send
SECURITIES
Exchanges.
HUNT & CUSHMAN
Canadian
Cheques and Letters of Credit
MONTREAL
H. AMY & CO.
BANKERS
44 and 46 Wall
s
Exchange. Dealers
in Municipal, Railroad and
Equipment Bonds.
Interest allowed on deposits
Subject to Draft.
’X.
rt
Street, New York
INVESTMENT SECURITIES
UBS of Exchange.
Letter* of Credit.
y.}
37 WU1 St. '
HEW YOBS
r
#"•
.
"s
*
«,
130 8.16th St.
PHILADELPHIA
'
yi
THE CHRONICLE
IVol.
LXXXXI.
Sattbees and |$vofuev« tmtsidt gjeta Kireft..
PITTSBURGH.
LOUISVILLE.
PORTLAND, ORE.
INVESTMENT BONDS
J. J. B. HILLIARD & SON
LOUISVILLE. KY.
MORRIS BROTHERS
(NO STOCKS)
J. S. 4. W. S. KUHN
BANKERS AND BROKERS
We Buy and Sell
James S. Kuhn.
A
L. L. M’Clelland.
President.
Seo. & Trees.
CHILDS & CHILDS
PACIFIC COAST SECURITIES A SPECIALTY
INVESTMENT SECURITIES
(New York Stock
S. FRAZER
Local Stocks and Bonds
TENN.
AUGUSTA.
Merchants’Exch.Bldg.
»
JOHN
W. DICKEY
AUGUSTA. GA
Investments receive our special attention.
In¬
formation cheerfully furnished Hoarding present
holdings or proposed Investments.
Southern
Securities
& CO.
Offerings of Southern Bonds
and Stocks
WILLIAM
HUNTOON
E.
LOS ANGELES.
BUSH
AUGUSTA, GA.
Specialists in
SECURITIES
ATUNTA.
Philadelphia. Pa.
E. B. JONES
&
SOUTHERN
MUNICIPAL BONDS
CO.
BONDS
Building,
THE ROBINSON-HUMPHREY CO.
NORFOLK, VA.
ATLANTA, GEORGIA
MOTTU & CO.
Legal Bonds
Established 1892.
HILLYER TRUST CO.
AND BROKERS
Capital and Surplus, - - - $300,000
ATLANTA, GA.
NORFOLK, VA.
BANKERS
birmingham.au.
DENVER, COL.
Otto Marx & Co.
CALVIN BULLOCK
BANKERS AND
DENVER
BROKERS
CITY
TRAMWAY
BONDS
BIRMINGHAM, ALABAMA.
MONTGOMERY.
STOCKS AND BONDS
B. W.
MEYER & GOLDMAN
Strassburger
SOUTHERN INVESTMENT SECURITIES
STOCKS AND BONDS
MONTGOMERY, ALA.
OFFICES:
BIRMINGHAM, 1
MONTGOMERY,!
BALTIMORE
ALABAMA
COLSTON, BOYCE & CO
MEMPHIS.
Members Baltimore Stock Exchange
JNO. L. NORTON
INVESTMENT BONDS
Local Stocks and Bonds.
SOUTHERN SECURITIES
86 Madl.on Avenue,
-
PORTLAND, MAINE
"
Established 1854
H. M.
35
PAYS0N & CO.
Investment Securities
PORTLAND ....
Chas.H.Payson
Geo.S.Payson
MAINE
Herbert Payson
CALIFORNIA BONDS
MUNICIPAL AND PUBLIO SERVICE
OORPORATION
They yield
the
a
higher rate of interest than bonds of
merit issued in the East.
Correspondence Invited.
same
LOS ANGELES. CAL.
Joseph Ball Company
Orders executed
for
the
purchase and sale of
BONDS AND STOCKS
Members Los Angeles Stock Exchange
458-434-435-436-487 SECURITY BUILDINO
LOS ANGELES
WILLIAM R. STAATS CO,
Established 1887
Municipal and Corporation Bonds
TO YIELD
4% TO 6%
Descriptive Circulars
on
Request
LOS ANGELES
PASADENA
FIELDING J. STILSON CO.
INVESTMENT SECURITIES
MEMBERS
LOS
ANGELES STOCK EXCHANGE
LOS ANGELES.
BUFFALO.
JOHN T. STEELE
BUFFALO, N. Y.
Government, Municipal
and Corporation Bonds
SPECIALISTS IN
TENN.
-
James H. Adams & Co.
YIELDING 4M% TO 5^%
PHILADELPHIA
SAN FRANCISCO
Member The Stock and Bond Exchange
Philadelphia.
-
PACIFIC COAST SECURITIES
Invite Requests tor Information
1st Nat. Bank Bldg..
WANTED
fPHILADELPIA STOCK EXCHANGE
MEMBERS! NEW YORK STOCK EXCHANGE
l CHICAGO BOARD OF TRADE
INACTIVE
421 Chestnut St..
Wakefield, Garthwaite & Co.
We
Chestnut and Third Sts.,
&.
H. W Heilman Bldg
San Francisco.
Los Angeles.
Lumbermen's Bldg.. Portland.
BROKER
STOCK AND BOND BROKERS
28 South Third Street.
PHILADELPHIA
MEMPHIS,
BONDS
H. S. HOPPERr
Wm. G, Hopper & Co.
Morris
BARROLL & CO.
BONDS
NASHVILLE.
Members of Philadelphia Stock Exchange.
REED
LOS ANGELES
Branch. Coronado Hotel. Coronado Beach.
Correspondents,
Harris. Winthrop & Co.. New York & Chicago
Bankers and Brokers
STOCKS AND
PHILADELPHIA.
J. W. SPARKS
Chicago and New York.
THOS. PLATER & CO.
INVESTMENT SECURITIES
■'
to
SAN FRANCISCO
INVESTMENT SECURITIES
NEW YORK
Singer Bldg.
W. G. HOPPER,
(Stock and Bond Exchange, S. F.
Private Wire
HENRY
Taylor & Company
Exchange.
MEMBER(Chlcago Board of Trade.
NASHVILLE.
PITTSBURGH, PA.
,„d
J. C. WILSON
LOUISVILLE, KY
Union Bank Building.
PITTSBURGH
SAN FRANCISCO.
STOCKS AND BONDS
SECURITIES.
268 Fourth Ave.
BONDS
John W. & D. S. Green
Members
New York and Pittsburgh Stock Exchanges
and Chicago Board of Trade
H. P.
Specialty
Correspondents: WALKER BROS., 71 B’wav, N. Y.
PAID-UP CAPITAL. $500,000
INVESTMENT
Municipal and Corporation
STREET RAILWAY SECURITIES
Pittsburgh, Pa.
PHILADELPHIA
NEW YORK.
INVESTMENT BONDS
Incorporated
of
PORTLAND
•
PROVIDENCE.
Buffalo and Western New York Securities
Richardson & Clark
ALBANY, N.Y.
Exchange Street, Providence, R. I.
Bonds, Stocks
Private wires to
and New York.
and Local Securities.
Boston, Philadelphia
PETER J.
CALLAN
INVESTMENT BANKER
Local, Listed and Unlisted
STOCKS AND BONDS
REAL ESTATE
OCT.
11910.]
THE CHRONICLE
ixttltf** Ktut Stoftet* outside
CHICAGO.
ST
BORTON
&
INVESTMENT SECURITIES
Corner Clark and Randolph Streets, Chicago.
LISTED AND UNLISTED
High-Grade Investment Securities.
STOCKS AND BONDS
Chicago First Mortgages and Bonds tor sale.
OF CLEVELAND AND NORTHERN OHIO
MEMBERS CLEVELAND STOCK EXCHANGE
Issue Letters of Credit for travelers, available In
LOUIS.
FRED. S. BORTON
T. E. BORTON
R. C. ENWRIGHT
BORTON
BANKERS
fnk.
CLEVELAND.
*V«WW¥WVWWW*A^M«W'AAAAAAMAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA#
GREENEBAUM SONS
YU
of the World.
A General Domestic and Foreign BanklngBuslness.
Correspondence Solicited.
all parts
A. G. EDWARDS&SON8
One Wall Street
GUARDIAN BUILDING
In St. Louis at 410 Olive Street.
Hayden, Miller & Co.
WANTED
Send for our latest lists of Securities.
Sanford F. Harris A Co.
INVESTMENT SECURITIES
THE
Investment Bonds
Citizens* Building.
Frisco
CLEVELAND. OHIO
ROOKERY
Equipment 5s
Guaranteed by the
AMERICAN CAR & FOUNDRY CO.
CHICAGO
CINCINNATI.
\
A. O.
Slaughter & Co.,
WEIL, ROTH & CO.
Dealers in
BANKERS ft BROKERS
1S9 MONROE STREET.
CHICAGO,
High-Grade Bonds
ILL.
New York Stock Exchange.
New York Cotton Exchange.
„
New York Coffee Exchange,
.
Members:
New York Produce Exchange.
Chicago Stock Exchange,
Chicago Board of Trade,
St. Louis Merchants* Exchange.
Allerton, Greene A King
THE ROOKERY. CHICAOO
RAILROAD, MUNICIPAL AND
CORPORATION BONDS
Hot
on
for Investment
CHICAGO
CINCINNATI
The Short, Stanton, Worthington Co.
(Sucoessor to Short, Stanton ft Co.)
Municipal and Corporation Bonds
BOUGHT AND SOLD
A. G. Becker & Co.,
(INCORPORATED.)
FRIEDLANDER
DEALER IN
CINCINNATI,
RQAL PAPER
....
-
SAINT PAUL
Minnesota Transfer Ry. 5s, 1916
'
“
St. Paul Gas Light Co. 5s. 1944
McCRUM
City of St. Paul 4 Hs
Twiin City
'
Telephone
Co. 1st 5s
Correspondence Invited
INVESTMENT OO.
Kansas City Ry. A Light Issues.
Western Municipals.
Looal Securities.
Edwin White & Co.
State Savings Bank
BONBRIGHT & HIBBARD
INDUSTRIAL TRUST CO. BUILDINQ
PROVIDENCE, R. I.
Local Securities
Building
[New York Stock Exchange,
fNe
Members: iRo
Rochester Stock Exchange.
Ich
Ticago Board of Trade.
ROCHESTER
Dally Lists Mailed
on
Bonds and Stocks
BODELL &
High Class 6% Bonds
50% Stock Bonus
Write for particulars
Member Rochester Stock Exchange
ROCHESTER
SOS LaSalle It.
OHIOAQO
MUNICIPAL
and other
HIGH-CLASS BONDS
DEALT XH
CIRCULARS AND USX ON APPLICATION
fgttumjctal.
CO.
105 TO 209 BAN1GAN BUILDINQ
NATIONAL LIGHT,
HEAT ft POWER COMPANY
■bonds
A. H. Biekmore ft Co.,
BANKERS
New Yerfe
30 Pine Street,
PROVIDENCE
JOHN A. BURGESS
104-106 Wilder Bldg.
Gas, Electric Lighting & Railway
SECURITIES
Application.
Co.
PROVIDENCE.
ALBERT P. MILLER Jr.
100 Powers
Mcht. .-Laclede Bldg.
ST. LOUIS
Bldg., St. Pmul
ROCHESTER, N. Y.
N. Y.
Bonds and Preferred Stocks
of Proven Value.
MINNEAPOLIS.
8tevensf Chapman & Co.
BONDS
MINNEAPOLIS—ST. PAUL
M. St. P. ft S. Ste. Marie 4s
Duluth Mlssabe ft Northern 5s
South Dakota Central 5s
Minnesota ft Ontario Power 5s
WELLS ft DICKEY ft CO
MINNEAPOLIS. MINN.
MUNICIPAL ft CORPORATION BONDS
ILiansapolls
win City Rapid
Transit
System
Bonds
National
Bank
Stocks
ST. LOUIS
-
William R. Compton
on
aU Northwestern Securities
KANSAS CITY. MO
SPECIALISTS
300 N. FOURTH ST.
OHIO
Twin City Rapid Transit 5s, 1928
KANSAS CITY, MO.
H.
PRIVATE
WIRES TO
PRINCIPAL MARKETS
CINCINNATI
Cincinnati Securities
S, W. Cor. Monroe & La Salle Sts., Chicago.
W.
SpMtatl Attention to St. Louis Securities
Application
EDGAR
001
Investment Securities
HIGH-GRADE
Union Trust Building,
ft CO.
WHITAKER
INDIANAPOLIS.
^^AAAAAAAAAAAAAAAAAA«VWWVWWWilVWWWVWAAAA^WWVWWV^WW%.
Joseph T. Elliott & Sons
Investment Securities
Member* Indianapolis Stock Exchange
American Nat. Bank Bldg..
INDIANAPOLIS
AUDIT COMPANY
OF NEW YORK.
THE
City Investing Building
IBS
Broadway
Telephone 6780 Cortland.
Audits and examinations.
Appraisals of values of lauds, buildings,
machinery, eto.
NEWTON
TODD
I WILL BUY AND SELL
INDIANA TRACTION SECURITIES
Fletcher Bank Bldg
.
INDIANAPOLIS
Financial and cost systems
of aooounts
WESTERN OFPICB
New York Lift
Building, Chicago
THE
CHRONICLE
...
©uxrcent $crud
' .»•
LXXXXI.
i
j
t>< >
inquiries.
Colorado Springs & Cripple Creek District 1st 5s & Cons. 5s
Cincinnati Hamilton & Dayton Gen. 5S, 1942
Toledo Terminal Railroad 4J^s, 1957
Fort Street Union Depot 4}^s, 1941
St. Louis & San Francisco 5s, 1987
Pere
[VOL.-
G. W. Walker & Co.
Will Buy
Sloss Don ft Steel 6s
Stoss Iron ft Steel 4^s
Marquette Cons. 4s & Ref. 4s
Consolidated Indiana Coal 5s, 1935
/ Gulf & Ship Island 5s, 1952
r*
Hudson River Water Power 5s
Central Vermont 4s, 1920
Southern Indiana 4s, 1951
Cuban Internal 5s
‘
AND ALL OTHER SECURITIES DEALT IN
Chesapeake ft Ohio Grain Slav. 4s
Kings County Gas ft Ill. 5s
N. Y. & Queens Elec. Lt. ft P. 6s
Nashville 71or. ft Sheffield 5s
G. W. Walker & Co.
ToL 200 Brood.
96 Breed 8i.t N»w Tot*
Atchison Trans-Continental Short
Line 4s, 1958
F. J. LISMAN & COMPANY,
RAILROAD SECURITIES
SPECIALISTS IN STEAM
Members N. Y. Stock Exchange
30
BROAD
NEW YORK
STREET,
Land Title ft Trust Go. Building, PHILADELPHIA.
89 Pearl Street, HABTPOED
Chesapeake ft Ohio Cons. 5s, 1939
Chicago St. Louis ft New Orleans
6s, 1951
SUTRO BROS. & CO.
BANKERS
44 PINE STREET. NEW YORK
Maaabata Now York Stoat
Lake Sh. ft Mich. So. deb. 4s, 1928
(listed)
Rdg.j Jersey Cent. coll. 4s, 1951
Richmond Lt. ft RR. 4s, 1952
Galveston Sewer 5%, 1939, reg.
LIBBEY A 8TRUTHER8 Robt.Q lend inning
■
A. A. LISMAN &
Tel. 5950 Broad
M Cedar Street
MEW YORK
.-If. i if Ci'i
■
.
CO.,
16 Broad St.. New York
Canton (O.) Electric Co. 5s, 1937
Canton (O.) 6% Preferred Stock
Lansing Fuel ft Gas 5s, 1921
L Portland (Me.) Electric Pref. Stock
Seattle Lighting Co. 6s, 1920
Kan. City Ft. Scott ft M. Ref. 4s
West Penn. Ry. 1st 5s
Wilkes-Barre ft Wyo. Val. Tract. 0s
MtVWashington St. Ry. 1st 5s
New Haven 6s
Choctaw Okla. ft Gulf Consol. 5s
Easton ft Northern 1st 4>£s
Western N. Y. ft Penn. 1st 5s
Manufacturers’ Water Co. 5s
Houston & Texas Cent. 4s
Central Pacific 3J^s
Connecticut
»; \ j
Ry. & Lt. 4J^s
*
U ’••
it..
L
Shawmut Bank
Building.
MASS.
BOSTON,
,
WANTED
60 Adams Express
100 American Brass
60 Hood Rubber
H. L. NASON A CO.
ft Co.
490 Chestnut Street. Philadelphia.
T. W. STEPHENS & 00.
...
BANgQB|||'2 WALL
I .V
STREET.
NEW TORE.
1
<4-
i
I*);
:
If
i't: a t
•
100 Lord ftr Taylor Pfd.
100 Plattsburg Gas & Electric Com.
60 Plattsburg Gas & Electric Pref.
FREDERIC H. HATCH ft CO
Boston
80 Broad Street
50 Congress Si
WE BUT AND SELL
GEORGIA STATE AND MUNICIPAL
INVESTMENT BONDS
BONDS
Interest allowed
J. H. HILSMAN
it CO.
on
accounts of
JLpdividuals and Corporations
UMPIRE BUILDING, ATLANTA. GA.
WE ARE IN THE MARKET FOR—
Baldwin Locomotive Works 1st 6s. 1940
Allentown Gas 6s. 1924
Chester County Gas 5 s. 1925
Harrisburg Gas 5s. 1928
Peoria Gas ft Electric 5s. 1923
Rochester Gas ft Electric 5s. 1912
Syracuse Gas 5s, 1946
Rochester Railway 5s, 1930
w
Atchison adjustment 4s
Chicago & Western Indiana
4s
FERRIS * WHITE,
*»l. 6117-8 Hanover
17 Wall St.. N. Y.
WE WANT TO BUY
Colorado Industrial 5s
Somerset Coal 6s
Atchison Eastern Bridge 4s
U. S. Reduction & Refining 6s
New England Cotton Yarn 6s
Wheeling & Lake Erie Equip. 5s
National Auto. Weighing Machine 6s
J. H
BECKER & CO.
TW. 865 Reotor
80
Broadway. New York
BONDS
3Vi-
;bi!
>•»*$•
)r;(
Q -J,
N. Y. N. H. & H. Deb. 4s
Mason City & Ft. Dodge 4s
Wisconsin Minn. & Pac. 4s
Central of Vermont 4s
St. Louis Rocky Mt. & Pac 5s
Col. Newark & Zanesville 1st 5s
Denver Gas & Elect. Ref. 5s, 1949
Rock Island Equip. 4J^s
BURGESS, LANG & CO.
NEW YORK**™* ^ BOSTON
34 Pine Street
‘
I':
■
BOSTON
Phltatotphii
PrevMtnee
'
Mill
.
j- v
*SH
«
REED A. MORGAN ft CO.,
West Bud Trust Bldg., Phils.. Pa.
Philadelphia Stock Bxohange
Members of the
Telephones. / Bell-Spruce 21-31.
uii o
lKeystone-Race 206
So. Pacific of California 6s, 1912
Hannibal & St. Joseph 6s, 1911
BLAKE & REEVES
Tel. 1504
*©hn
34 Pina Street. New York
50 Stste Street
Telephone 1417-8-9 John
Railroad and Other
Investment Bonds
G
K. B
Tel. 6744 Hftnover
WADE
49 W*H Street.
■>-
likir, Ayliif & Cospaij
« *• -»*>■*>*»«
B. & 0.
V.
Pingree, McKinney & Co.
8
Congress Street,
Boston
»■■■■■.!
4y2% Notes, 1913
Tidewater Co.
First Mortgage 6s
History of Ten Years’ Earnings
6%'Notes, 1913
CURTIS A SANGER
Member* N.Y.. Boeton* Chicago Stoefc Bxohaagea
49 Wafl Stroot -■
Boston
NEW YORK
Chicoce
We desire
tax
offerings of free of
bonds
In
the
State
of
Pennsylvania
WU RT9, DULLES ft OO.
US S. FOURTH ST..
PHILADELPHIA
Telephone Lombard 106^106!
n
tioik
Hi ui fnno.t
A *i?
.
.
O0T. 1
lftlt]
THE CHRONICLE
ix
©arctut gxmfl Qutpxivit*.
Tan Norden Trust Oo. stock
General Rubber Oo. 4>^s, 1915
Oons. Water Oo. of Utica gen. 6s, 1930
Mex. Internet. 1st 4s, 1977 (stamped)
Practical
assurance:
1st—As to the safety of the money Invested. which depends upon the credit of
the Company Issuing the obligation and upon the underlying security.
2nd—As to the continuance of Interest payments, which depends upon the earn¬
ing capacity of the Company.
3rd—As to his ability to liquidate the Investment before maturity. If
necessary,
Railroad Securities 4s, 1952
N. Y.
Susq. A West. RR. 5s, 1940
Saratoga Association Stock
Glide,Winmtll &Co.
Investments,
Suitable for the average business man or those who desire to invest
surplus funds safely and
advantageously, should fulfil certain fundamental requirements. The investor should have
which depends upon the market and the stability of price.
We have prepared a list*of carefully chosen bonds which we can recommend for
investment, and which yield at present prices a liberal rate of income.
persona*
4
BANKERS
Circular No. 3-7 toftt be sent upon request.
20 BROAD STRUT, V. Y.
Telephone 445-C-T Rector
O. B. A
Q.,Illinois Div.3^s & 4s, 1949
Atlantic boast Line cons. 4s, 1952
Pitts. Oin. Chic. A St. L. 3V£s A 4s
Kentucky Central 1st 4s, 1987
Okie. R. I. A Pac. ref. 4s, 1934
M. K. A T. Extension 5s, 1944
NEWBORG & CO.,
MEMBERS N. 7. STOCK EXCHANGE
SO BROADWAY. N. Y.
Telephone 4100 Rector.
Cable Addraaa.
"NEWROSB”
PRIVATE WIRE TO ST. LOUIS
WE OFFER
Guaranty Trust Company
of New York
28 Nassau Street, New York
Branck Offices
5tk Ave. A 43d St., New York
33 Lombard St., London, E. 0.
J. K. RICE, JR. & CO. Will Sell
49
100
100
100
60
100
30
200
200
63
25
Thompson-Starrett
com.
120
50
100
WE
Standard Coupler
59 shares Buffalo A Lake Erie Tr.
pref.
$10,000
$10,000
$10,000
$10,000
Okie. A East. Ill. 5s, 1937, reg.
O’Gara Coal 5s, 1955
Schwarzschild A Suls. 6s, 1916
Western Pacific 5s, 1933
MEGARGEL & CO.
BAWimm
f Nassau Street
NEW YORK
Lekigh Valley of N. Y. 4J^s, 1940
Intemat. Great Nortk. 2d 5s, 1919
Missouri Kansas A Oklahoma 5s, 1942
Flint Pere Marquette Oons. 6s, 1939
St.Louis Iron Mt., Riv.AGulf 4s, 1933
Cincinnati Dayton A Ironton 5s, 1942
EYER & COMPANY
if Wall Street* 7750 1"M ^“TlBW YORK
Cincinnati, Ohio. SMs and 4s
New Orleans Mobile & Chicago 5s, 1960
New Mexico Ry. & Coal 5s. 1947,1951
Auburn Gas 5s, 1927
DOUGLAS FENWICK A CO.
TW. John 10»
M WALL ST
Kansas City Southern 5s, 1950
N. Y. Cent.—Mich. Cent. coll. SHs. 1998
New England cons. 4s, 1945
Louisville & Nashville unif. 4s, 1940
Third Avenue 1st 5s, 1937
Edison Elec. Ilium, of Brooklyn 4s, 1939
N. Y. Lake Erie & Western 7s, 1920
Central Ohio cons. 4Hs, 1930
Northern Ohio 1st 5s. 1945
Worcester Consol. St. Ry. deb. 4J4s, 1920
N. Y. Central 3Hs, registered. 1997
Illinois Central—Louisville Div. 3Hs, 1953
Bescriptive List of Guaranteed Stocks Sent upon
Request.
MembersNewYork Stock
SO
Broad
Exchange.
St.
New
York.
Private wire to Philadelphia.
Col fin & Company
HEW TOBK.
OFFER
New York City 4^s
Ogdensburg A Lake Champlain 4s
California Gas A Elect. 5s
Florida Cent. A Penin. Oons. 5s
Paducah A Memphis 4s
Panhandle 43^8, Series “A A B”
B. A O., Pitts. L. E. A W. Va. 4s
Cincinnati Findlay A Fort Wayne 4s
m
pfd.
l
com.
100 Western Pacific
Texas (Oil) Co.
100 Cramps Ship & Engine Building
Union Typewriter com.
110 Texas & Pacific Coal
have GOOD MARKETS In UNLISTED and INACTIVE SECURITIES and
respectfully
Invite
J. K.
'Phones 7460 to 7466 Hanover.
Inquiries.
33 WALL ST., N. Y.
Lexing. Ave. A Pav. Ferry 1st 5s, 1993
Metropolitan St. Ry. gen. 5s, 1997
Mason City A Ft. Dodge 4s, 1955
PATERSON & CO.,
Til. 1NM-T Sector
j
RICE, JR. & CO.
Tenn. Goal A Iron gen. 5s, 1951
Tenn. Goal A Iron, Birm. Div. 6s, 1917
Columbus A 9th Ave. 1st 5s, 1993
FOR SALE
St. Louis & Cairo
First
Mtge. 4s, due 1931
GILMAN &, CLUCAS
1st Nat. Bank Bldg./
SO Bro.4 «».. N. Y
Chic. A Eastern Illinois 5s, 1937
Southern Ry., Memphis 5s, 1996
Erie Ry. Cons. 7s, 1920
Western North Carolina 6s, 1914
N.Y.Cent. Lines Equip. Tr.4^s A 5s
FREEMAN A COMPANY
34 PINE STREET, NEW YORK
Telephone 5089 John
84 Pine Street
NEW YORK
NEW HAVEN. CT.
Florida East Coast 1st 4>£s, 1959
Kansas A Colorado Pacific 6s, 1938
Seaboard Air Line Equipments
Kansas City Southern Equipments
Hudson A Manhattan Securities
WOLFF A STANLEY
Tel. 6557 Broad
27 William St.. N. Y
PORCUPINE
has to-day all the elements to make It a large
producer of gold.
Between now and the time
that this Is an accomplished fact Is the opportunity
for large profits.
GEORGE L. WARE
53 State
WARREN, GZ0WSKI A CO.
Toronto.
We offer a 6% Preferred Stock with a
bonus in Common, Stock of a Holding
Company operating gas, electric light
and street railway properties in five
States. Actual earnings for past year
over 5% on the common stock.
Tel. 5775*6 Broad.
Street, BOSTON, HASS.
Telephone Main 984
25 Broad Street, New York.
LAMARCHE A
JosepbUlalker&Ssas
Singer Mfg. stock
J. K. RICE, JR. & CO. Will Buy
Ala., Georgia, Nor. Car. State Issues
Hudson County Gas 5s. 1949
West Kentucky Coal 5s
Phenix National Bank stock
Buffalo & Susquehanna preferred stock
Phelps-Dodge & Co.
J. G. White & Co.
Bush Terminal com. s
U. S. Motor com.
Alliance Realty
Underwood Typewriter pfd.
Eastman Kodak com.
Intematioanl Silver com.
15 Childs (Restaurant) Co. com.
100 Lehigh & Wilkesbarre Coal
Wells-Fargo Express
$10,000 Buff. A Lake Erie Tr. 5s, 1936
67 shares Buff. A Lake Erie Trac.
26
14
200
75
25
50
100
12
100
com.
New York Curtain
Pacific Gas & Elec. pfd.
Automatic Electric
American Caramel com.
Western Power com.
Sen Sen Chiclet
Brooklyn Union “L” com.
Eastern Steel 1st pfd.
American Express
COADY,
3S Bleed 86.. W. Y
WANTED
Hudson
County Gas Co.
First
6s
W. E. R. SMITH A CO.,
20 Broad Street
National RR. of Mexico 4s
Mexican Central 4s
Florida Southern 4s
Pere Marquette Refunding 4s
Mason City & Fort Dodge 4s
West. N. Y. & Pennsylvania
East Tenn. Va. & Ga. 5s
-
-
New Yoifc
*>
4s
Metropolitan St. Ry. Receivers' Ctfs. 19! 1,
Minneapolis & St. Louis Notes, 1911
;
_
Seaboard Air Line 5s, 1911
^
Atlanta Birm. A Atl. Rec. Ctfs., 1911
St. Louis & San Francisco 4^s, 1912
WERNER BROS. & GOLDSCHMIDT
TeL 4800-1-2-3-4-5 Broad.
25 Broad
Street, N. Y.
!
THE CHRONICLE
[Vol.
017SWAW
ffinrcettt gmxfi JtutniriU*.
WANTED
Alfred Light & Power 5s
Chicago & Mitw. Breweries Stock
Galveston, Tex., 5s
H-0 Co. Subordinate Lien 5s
Delaware (0.) Water Co. 6s
Omaha Water Co, 5s and Stock
New Hampshire Elec. Ry. Stocks
Peoria Water-Works Co. 4s & 5s
Council Bluffs Water-Wks. Co. 6s
Newark (0.) Water Co. 6s
Atlantic Shore Line Cons. 5s
Cumberland
Telephone &
Telegraph Co. Stock
GOULDING MARR
Rational gauk
of gera
Broker
NASHVILLE,
TENN.
-
-
Guanaj. Pow. A El. 6s A Stocks
Guanaj. Reduet, A Mines 6s A Stock
Development Go. of America 6s
New Orleans Mobile A Chicago 5s
Clinton (la.) Water-Works 5s
Acme Harvesting Machine Common
New Hampshire El. Bys. Com. A Pfd.
Specialists In Inactive Bonds.
ST State street
Boltov
FOE SALE
Springfield Fire & Marine Ins. Co.
Waltham: Watch PM.
•
Dartmouth Mfg. Com.
Pope Mfg. Com.
American Olue Com. & Pfd.
Douglas Shoe Pfd.
Nashawena Mills
Coastwise Transportation
Boston Sec’s Com.
Massachusetts Lighting Co.
U. S. Worsted PM.
Columbian Nat’l Life Ins. Co.
American Investment Sec’s Pfd.
Great Western Power Is. 1946
Hudson River Elec. P. 5s. 1944
Atlanta Birin. ft Atlantic 5s. 1936
Citizens Central
BOUGHT AND SOLD
H. C. Spiller Sc Co.
American Caramel Pfd.
Lxmi.
ffrefc
320 BROADWAY
Gdwfln S. Sekenck. President
Francis M. Bacon Jr.. Viro President
Albion K. Chapman. Cashier
Jesse M. Smith, Asst. Cashier
Jamas McAllister. Asst. Cashhu
W. M. Haines. Asst. “
,
.
F.W. MASON ft CO.
WANTED
Bellaire Bridgeport & Martina Ferry lat 6s. 1913
Buffalo ft Lake Erie Traction Co. bond* ft stock
Elmira Water, Lt. & Power 1st 5s, 1949
Hutchison (Kan.) Water & Light 4s. 1928
York Haven Water & Power 5s. 1951
Omaha Water Co. 2nd pref. stock
O. H. FARNHAM
27 riATE STREET. BOSTON
HOTCHKIN A CO.
INVESTMENT SECURITIES
53 STATE ST.. BOSTON
Telephone 3448 Main
Railroad,
Michigan
Municipal and Corporation
Stocks and Bonds
Bought and Sold
United Byt. of St. Louis 4s
Union E* Lt.A P. Go. of St.L. 1st 5s
Union El. Lt.$ P. Go. of St. L. Ref. 5s
Laclede Use Go. of St. Louis 1st 5s
Laclede Gas Go. of 8t. Louis Ref. 5s
Kan. 0. Ry .A Lt. 6s A Underly. See's
WM. HUGHES CLARKE
Detroit, Michigan.
Nevada-California Power Co. bonds and stock
Denver ft N. W. Ry. |a and stock
Northern States Power Co.
Denver Gas ft Electric 5e
Northern Idaho ft Montana Power Co.
DEALT IN BY
FRANCIS, BRO.& CO.
$2,550,000
Capital
Surplus and Profits $1,600,000
Stone & Webster
147 Milk Street.
BOSTON
C Hessen Street
First Natl.
NEW YORK
CHICAQO
We offer for Investment
Securities of
Public Service Corporations
under the management
of
JAMES N. WRIGHT ft CO
OFFER
Sutton,
StrotherStreets
& Co.,
Calvert
and German
BALTIMORE
Members et Baltimore Stoek
S. C. HENNING & CO
71 Broadway
NEW YORK CITY
Equipment Bonds and Car Trusts
George B. Atlee ft Co.
119 S. Fourth St.
MALCOLM
60 Broadway,
NEW YORK
Philadelphia
34 WALL STREET
INDUSTRIALS
Telephone.
155 Reotav.
SAM U ELK. PHILLIPS A CO.
421 ChMtnut St
PhltanMphki
Philadelphia Stoek Exchange.
Specialize in Securities of
Temple Iron
Klots Throwing
U S. Lumber
Spring Brook Water
Lawrence Barnum & Co.
BANKERS
>7-39
PINE
STREET.
NEW
Washington
Chicago Subway
Scraoton Railway
Scranton Electric
Pa. Cent. Brewing
Northern Electric
Scranton Gas ft Water
New Mexico Ry.ft Coal Paint Creek Collieries
ft W. V. R. T. W. B. ft Wyo. V. Tree
BROOKS
ft
BANKERS
CO.,
EMBERS NEW YORK STOCK EXCHANGE
COMPANY
iJt., N. t.
Tel. 273 Brosd.
PttMhnfBh
Jbxcmmtauts.
LYBRAND,
ROSS BROS ft
MONTGOMERY
Certified Publlo Accountants
(Pennsylvania)
NEW YORK,
165 Broadway.
PHILADELPHIA,
Land Title Bldg.
Union Bank Bldg.
PITTSBURGH,
CHICAGO, First National Bank Bldg.
'
4Z3
A
YORK
New River
Pa. Coal ft Coke
Bank & Trust Co. Stocks
Lists Mailed Upon Application.
C. B. Van Nostrand
STUART
Union Utilities Company 1st Mtge. 5s, 1944
Detroit & Pontiac Railway Cons. 4Hs, 1926
Spokane Terminal Railway Co. 1st 5s, 1917
AtlanticCity Gas Company Stock
26 BrbSd
BOND8
NEW YORK CITY
Stocks and Scrip.
LUTZ
)
Philadelphia
New York State Railways, common
Mohawk VaUey Go.
Members of
) 4%
RAILROAD
> TO
CORPORATION 6%
Bankers
BANKERS
44 PilfC Street
MDITICIPAL
•elected ter Conservative Investors.
WE OFFER
LINDSEY WATER COMPANY
First 5s, 1919, Underlying 2d Mtge. Bonds
Swartwout & Appenzellar
Mem her• N. Y. Stock Exchange
Exehaage
request.
upon
Joseph Railway. Light. Heat ft Power Co.
ALL LOUISVILLE LOCAL SECURITIES
US So. 5th St..
describing these companies will be
1st Mortgage 5% Bonds, 1937.
Memphis Street Railway
LOUISVILLE. KY.
Our Manual
WANTED^
Grand Rapids Ry. Co. 1st M. 5% Bonds, do# 1916
Union Railway, Gas A Electric
Portland Railway, Light A Powct
yield
5% to 6fc%
DENVER, OOLO.
St.
organization
to
(ESTABLISHED 1877)
214 North 4th Street. ST. LOUIS
our
Spruce St.,
SCRAN TON, PA.
Sec. Nat. Bank Bldg..
Wl LKES-BAR R E. PA.
Cervespondentr EDWARD B. SMITH ft CO..
17 Pine St.. New York City.
JAMES PARK ft CO.
CERTIFIED PUBLIC ACCOUNTANTS
Hew York, Chicago, Cincinnati, sad
London, England.
FOR
FINANCIAL
INSTITU¬
TIONS, INDUSTRIAL AN®
AUDITORS
MINING COMPANIES
inveMeatione, Financial Statements.
Periodical A edits and A<
-iw
CHRONICLE
THE
Oct. 11910.1
gltttdtnds.
ffimmcial.
HOUSTON & TEXAS CENTRAL
The New York Trust
First Mntfigt Boris
Notice of Bonds Drawn for
The Houston & Texas Central
XI
26 BROAD STREET
Payment
Railroad Com¬
Coupons due at this office
on
having In Its possession cash proceeds from Birmingham Ry., Light & Pow. Co. 4>^s
Indenture between
City of Galveston, Texas
Frederic P. Olcott, the Central Trust Company of
Carter Coal & Iron Co. 1st 5s
New York, and the Southern Pacific Company,
dated April 1, 1890, which are applicable to the Central Ry. Co. of Peoria 1st Mtge. 5s
purchase of the Houston ds Texas Central Rail¬ Citizens Gas & Fuel Co. of Terre Haute
road Company's First Mortgage Bonds, secured
1st Mtge. 5s‘
by such Indenture to an amount sufficient at the Clinton Iron & Steel Co. 1st
Mtge. 5s
price limited In said Trust Indenture to purchase
Colorado Springs Light & Power Co.
and retire 170 of such bonds, and, It having been
1st 5s
found that such bonds cannot be purchased at
Columbia University Club 2nd Mtge. 4%
or below 110 per centum of the par value thereof
pany,
sales of lands covered by Trust
and accrued Interest thereon, there have
drawn by lot, under the provisions of such
been
Trust
Indenture, Bonds secured thereby bearing the dis¬
tinguishing numbers hereinafter stated^ tp.be paid
for out of such proceeds of such land sales at
the said rate of 110 per centum of the par value
thereof and accrued Interest thereon.
The distinguishing numbers
drawn
32
38
147
164
169
227
258
296
323
351
367
428
431
434
444
530
705
708
731
751
follows, viz.:
1430 2619 3314
3341
1480 2662
of the bonds so
are as
766
4
11
895
978
2663
2672
2753
2840
2968
2989
3000
3023
3025
3027
3171
3175
3190
3200
1496
1527
1538
1548
1565
1598
1673
1747
1759
1898
990
1077
1078
1084
1094
1099
1157
1198
1243
1255
1314
1315
1321
1376
1377
1381
1384
1388
1401
2039
2058
2073
2075
3342
3417
3502
3513
3539
3562
3657
3670
3815
3821
3878
3934
4015
4021
4024
4061
4069
4175
4262
3243
3280
2173
2188
2202
2284
2587
4502
4530
4565
4579
4614
4848
4878
4921
4963
4966
5033
5232
5248
5273
5453
5489
5516
5602
5617
5667
5776
3293
3298
3299
5816
6741
5869
6794
6961
7049
7064
7095
7198
7234
7239
7276
5918
5980
6015
6086
6106
6115
6171
6180
6270
6297
6363
6372
6386
6497
6511
6547
6590
6680
6734
Company
7323
7379
7572
7650
7676
7684
7830
7833
7882
7957
7962
Columbus London &
Springfield Ry. Co.
1st
Mtge. 5s
Consolidated Light
New
York
&
Stamford
Ry. Co. 1st
Mtg. 5%
Otis Elevator Co. Conv. Gold Deb. 5s
Peekskill Ltg. & RR. Co. 1st Mtge. 5%
Pittsburgh & Lake Erie RR. Co. 2d 5%
Raleigh & Southport Ry. Co. Gen. 6s
Santa Fe Water & Light Co. 1st Mtge.
Prior Lien 5%
Spring Brook Water Supply Co. 1st
Mtge. 5%
Standard Screw Co. Gold Deb. 5s
Stony Brook Real Estate & Improve¬
&
Power Co. of
Whitehall 1st 5s
Erie Electric Motor Co. 1st Ref.
Fund Gold Bonds 5%
Fonda Johnstown
and after October 1st 1910
&
Sinking
Gloversville RR.
Co. Cons.
ment Co. Con. 1st 5s
Tanana Valley Railroad
Trust Notes 8s
Co. 3-Year Coll.
Tomkins Cove Stone Co. 1st 6s
The Tri-City Railway & Light
Coll. Trust 1st Lien
Co. 5%
6%
Fulton Light, Heat & Power Co. 1st Water, Light & Gas Co. of New Jersey
Cons. & Ref. 5s
Mtge. 5%
Water
& Light Co. Nebraska City 1st 3s
Imperial Electric Light, Heat & Power
Co. 1st Mtge. 5%
Western New York & Pennsylvania Ry.
International Nickel Co. 30-Year Sink¬
Co. General Mtge. 4%
ing Fund 5%
Youngstown & Southern Ry.Co. 1st 5s
Kansas City Southern Railway Co. 1st 3s
DUE OCTOBER 16TH, 1910
Lincoln Heat, Light & Power Co. 1st
Dedham & Hyde Park Gas & Electric
Mtge. 5%
Light Co. 1st 5s
National Fire Proofing Co. 1st 5% Notes
Haselton Steel Tube Co. 3-Year 5%
New London Gas & Electric Co. 1st
Notes
Mtg. 5%
New London Gas
&
DUE OCTOBER 20TH, 1910
Electric Co. 2nd
Colorado
Mtg. 5%
Springs Electric Co. 1st 5%
170
The bonds bearing such distinguishing numbers
will be paid for at the rate above mentioned,
MELLON NATIONAL BANK
viz., 110 per centum, and accrued Interest, upon
presentation thereof, with all unmatured coupons
attached thereto, at the office of the Houston &
Texas Central Railroad Company, 120 Broadway,
New York City.
The bonds
so
drawn will
cease to
PITTSBURGH, PA.
bear Interest
As your reserve depositary, this
bank offers you perfect service and
liberal interest on your balances.
from and after sixty days’ published notice of
such drawing, viz.; from and after the 25th day
of November. 1910.
Huston & Texas Central Railroad Co.
By R. S. LOVETT,
President.
September 26th, 1910.
New York,
4
CAPITAL AND SURPLUS,
CONTRACTORS
Bids
are
invited
for
construction,
equipment and operation of the TriBorough Subway and Elevated System
of New York City, comprising about 44
miles of line, to be opened October 20,
1910.
Bids
are
also invited for construction
*7,000,000
-
6% BONDS
of
Electric
Railway and Lighting Co. THE AMERICAN MFG. CO.
Large City—State Capital
Earnings about 3 times Interest charges.
Dividends on stock. Present price very low.
MANILA. SISAL AND JUTE
W.E. HUTTON A CO.
CORDAGE
Members New York Stock Exchange
Established 1886
only, with municipal money, to be 25 Broad Street.
New York
65 Wall Street
Private wires to Cincinnati. Chicago. San
opened October 27, 1910. Bids may be
Francisco and Los Angeles.
made for one or more of the sections into
which the construction
•
New York
work has been
divided.
Write
call
concerning full details,
including forms of contracts and plans.
or
PUBLIC SERVICE COMMISSION
FOR THE FIRST DISTRICT,
154 Nassau
Street, New York City
GEO. B. EDWARDS
Tribune Bull din*. 194 Nassau Street.
NEW YORK. N. Y
Telephone 4218 Bookman.
Negotiations,Investigations, Settlements
In
out of New York
City
Satisfactory References
or
The most
conservative! bankers, broken and
Investors have
babson’s
v«
lb
tl
\
Fundamental Conditions
For details concerning
these Reports
or
our
"Business Barometers" (which we Install In banks
both for their own and customers' use) address
P. O. BOX ST. MAIN OFFICE.
WASHINGTON. D. C.
OFFICIAL ORGAN OF THE ASSOCIATION OF
AMERICAN GOVERNMENT ACCOUNTANTS.
A MONTHLY MAGAZINE OF INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES, BANKS, RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA¬
TIONS.
■■■Ill Mill
V
Babaou’a Compiling Offices, Wellesley Hills, Mass.
NEW YORK OFFICE. 84 STONE STREET
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS’ OFFICES.
Largest Statistical Organization In the U. S.
Samplb Copy 15 oenta. Per Annum $1 M
*
Reports
ON
Jucjccmttlaitl
glue
constantly before them
-
«
XU
THE CHRONICLE
[VOL.
§tuidtnd*.
§tnUUtUl».
Pay As-You-Enter Car Corporation
Coupons Due and Payable at
50 CHURCH STREET
THE TRUST COMPANY OF AMERICA
37-43 WALL
STREET, NEW TORE
On and after October 1st, 1910
Alamogordo & Sacramento Mt. Ry.
Co. 1st 5s.
Alton Ry., Gas & Electric Co. 1st 5s.
American-Hawaiian S. S. Co.,“Series
A,” 1st 6s.
American Steel Foundries, 1st 6s.
American Tube & Stmpg. Co., 1st 5s.
American Tube & Stamping Co.,
Called Bonds.
Asheville, N. C., City of, School.
Atlantic Avenue RR. Co., Genl. 5s.
Ballard, Washington, City of, Water.
Bellingham, Wash., City of, Fund
Brooklyn Bath & West End RR.
Co., Genl. 5s.
Brooklyn Bath & West End RR.
Co., “Series B,” 1st 5s.
Brooklyn Rapid Transit Co.. 1st 5s.
Camden Land & Improv’tCo., 1st 6s.
Catskill Ilium.&Power Co.,Deb. 6s.
Chehalis County, Wash.,S.D.No.28.
Clallam Co., Wash., S. D. No 29.
Engineers’ Club, 2nd 4s.
Fultonville Water Company, 1st 5s.
Georgia Steel Co., 1st 5s.
Globe Navigation Company, 1st 5s.
Greensboro Electric Co., 1st 5s.
Indianapolis Gas Co., 1st Con. 5s.
Jefferson County, Wash., S.D.No.l.
Joplin Water Works Co., 40 Year 5s.
King Co.,Wash., S.D.Nos. 1,9,102.
Kings Co. Elec. Lt. &P.Co., 1st 5s.
Kitsap County, Wash., S.D.No. 23.
Lake Placid Company, 1st,5s.
Montgomery, Alabama, City of.
Muskogee Electric Tract. Co., 1st5s.
Nassau Electric Railroad Co., 1st 5s.
New Mexico Ry.&Coal Co., 1st 5s.
LXXXXI.
New Mexico Railway & Coal Co.,
First Cons. & Coll. Tr. 5s.
New Whatcom, Wash., City of, Water.
New York State Steel Company, 5s.
North Jersey&Pocono Mtn.Ice Co.,
1st 5s.
Page Woven Wire Fence Co., 1st 5s.
Pierce County, Wash., Funding.
Pierce County, Wash., S. D. No. 10.
Prescott, Washington, Town of,
New York, September 14, 1910.
The Board of Directors have this day declared
a quarterly dividend of One and Three- Quarter*
Per Cent (lJi%) on the Preferred Stock of this
Company, payable October 15, 1910, to stock¬
holders of record at the close of business October
1st, 1910. Checks will be mailed by the Standard
Trust Company of New York.
WM. A. KERR, Asst. Treasurer.
UNITED
FRUIT
COMPANY
DIVIDEND NO. 45.
A quarterly dividend of two per cent on the
capital stock of this company has been declared,
payable October 15, 1910, at the office of the
Treasurer.
131
stockholders
State
of
record
Street, Boston, Mass., to
at
the
close
of business
September 27, 1910.
Water.
CHARLES A. HUBBARD, Treasurer.
Queensborough Dealers & Cons.
Hygeia Ice Co., 1st 6s.
Queens Borough Elec. Light & Power
Co., 1st 5s.
St. Lawrence & Adirondack Ry. Co.,
2nd 6s.
Seattle, Wash., City of, Mun. Lt.Ext.
Seattle, Wash., City of, Park Ext.
Skagit County, Wash., S. D. Nos. 10
and 49.
Spokane, Wash.,City of, Mun.&Water
Spokane County, Wash., Ref.
Thomson Pulp & Paper Co., Genl. 6s.
Ticonderoga Pulp & Paper Co. 6s.
Traders’ Hygiene Ice Co., 1st 6s.
Twin Falls, Oakley Land & Water
Co., 1st 6s.
Van Wert Gas Light Company, 1st 5s.
Victoria Coal & Coke Co., 1st 6s.
West Penn Railways Company, 1st 5s.
Whatcom Co., Wash., S.D.No.l.
Due October 5th, 1910.
Adams County, Wash., S.D. No. 48.
Due October 15th, 1910.
Seattle, Wash., City of, Library Site.
Zanesville Ry., Lt. &Pow. Co., 1st 5s.
Office of
H.
M.
BYLLESBY
&
COMPANY
Engineers
Managers
Chicago
The
Board of Directors of the NORTHERN
STATES POWER COMPANY has declared a
quarterly dividend of one and three quarters
per cent (1 H%) upon the preferred stock of the
Company, payable by check October 15th, 1910,
to stockholders of record as of the close of busi¬
ness September 30th, 1910.
ROBERT J. GRAF, Secretary.
'
■
H. M.
■
Office of
BYLLESBY
& COMPANY
Engineers
Managers
Chicago
The Board of Directors of the OTTUMWA
RAILWAY & LIGHT COMPANY of Ottumwa,
Iowa, has declared a quarterly dividend of one
and three-quarters per cent (1 H%) upon the
preferred stock of the Company, payable by
check October 15th, 1910, to stockholders'Of
record
1910.
as
of the close of business September 30th,
ROBERT J. GRAF. Secretary.
H. M.
Office of
BYLLESBY & COMPANY
Engineers
Managers
Chicago
The
Board of Directors of the
& ELECTRIC COMPANY
OKLAHOMA
of Oklahoma
quarterly dividend of
one and three quarters per cent (1 H%)
upon the
preferred stock of the Company, payable by
check October 15th, 1910, to stockholders of
record as of the close of business September 30th,
GAS
City, Oklahoma, declared
a
1910.
ATCHISON TOPEKA & SANTA FE
RAILWAY COMPANY.
Four Per Cent One Hundred Year Adjustment
Mortgage Bonds. *
Notice Is hereby given that the Board of Direc¬
tors of this Company has declared to be due and
payable on the first day of November, 1910, an
annual Installment of interest (being the four¬
teenth installment)
upon
the UNSTAMPED
Adjustment Mortgage Bonds at the rate of FOUR
PER CENT (4%) on the par amount thereof,
being Forty Dollars ($40) upon each One thousand
dollar ($1,000) bonds, ana Twenty dollars ($20)
upon each Five hundred dollar ($500) bond.
Such
Interest will be paid at the office of the Company,
No. 5 Nassau Street, New York City, on the
coupon bonds upon presentation and surrender of
the respective coupons NUMBERED 14 and on
the Registered Bonds to the registered holders
thereof.
The Transfer Books of the Registered
Bonds will close on October 8, 1910, and will
THE
remain closed until November 2, 1910.
STAMPED ADJUSTMENT MORTGAGE
BONDS.
SEMI-ANNUAL INTEREST.
Afceml-annual installment of TWO PER CENT
in respect of interest on the STAMPED
Adjustment
Mortgage Bonds, being - Twenty
dollars ($20) upon each One thousand dollar
($1,000) bond, and Ten dollars ($10) upon each
Five hundred dollar ($500) bond, will be paid at
the office of the Company, No. 5 Nassau Street,
New York City, on November 1, 1910, upon pre¬
sentation and surrender of the respective coupons
NUMBERED 28, and on the Registered Bonds to
the®registered holders thereof. %The Transfer
Books of the Registered Bonds will close on
October 8, 1910, and willlremaln closed until
November 2, 1910.
C. K. COOPER, Assistant Treasurer.
New York City, September 18, 1910.
(2%)
‘
NOTICE OF ANNUAL MEETING.
New York, September 10, 1910.
To the Stockholders of
The Denver & Rio Grande Railroad Company:
The annual meeting of the Stockholders of The
Denver & Rio Grande Railroad Company will be
held at the principal office of he Company In
Denver, Colorado, at 12 o’clock noon on Tuesday,
October 18th, 1910. The meeting will be held
for the election of Directors and for the transaction
of any other business pertaining to the Company
that may be properly brought before It.
The books for the transfer of the stock of the
Company, both Common and Preferred, will be
closed for the purposes of the meeting at three
o’clock p. m. on Tuesday, October 4th, 1910, and
will be reopened at ten o’clock a. m. on the
day
following the annual meeting or the final ad¬
journment thereof.
STEPHEN LITTLE, Secretary
The Canadian Pacific
Railway Co.
NOTICE TO SHAREHOLDERS.
The twenty-ninth annual general meeting of the
shareholders of this Company for the election of
Directors to take the places of the retiring Direc¬
tors, and for the transaction of business generally,
will be held on Wednesday, the 5th day of October
next, at the principal offices of the Company at
Montreal, at twelve o’clock noon.
The Common Stock Transfer Books will be
closed In Montreal, New York and London at
3 p. m. on Friday, the second
day of September;
the Preference Stock Books will be closed In
London at the same time.
All books will be re-opened on
Thursday, the
sixth
day of October.
By order of the Board,
W. R. BAKER, Secretary.
RIO
and offer to the more
conservative investors several is¬
sues
own
of
carefully selected municipal
bonds which are a legal investment
for savings banks, and executors
and trustees of estates.
BANKERS
tl NASSAU STREET
NEW YORK
GRANDE
SOUTHERN RAILROAD C<
Denver, Colorado, September 15 1910.
The annual meeting of the stockholders of tl
Rio Grande Southern Railroad
Company for tt
J&-
Office of
BYLLESBY & COMPANY
Engineers
Managers
Chicago
The Board of Directors of the FORT SMITH
LIGHT
& TRACTION COMPANY of
Fort
Smith, Arkansas, has declared a quarterly divi¬
dend of one and three-quarters per cent (1 H%)
upon the preferred stock of the company, pay¬
able by check October 15th, 1910, to stockholders
of record as of the close of business September
30th, 1910.
ROBERT J. GRAF, Assistant Secretary.
.
H.
M.
Office of
BYLLESBY & COMPANY
Engineers
Managers
The Board of Directors of the SAN DIEGO
CONSOLIDATED GAS & ELECTRIC COM¬
PANY of San Diego, California, has declared a
quarterly dividend of one and three-quarters
per cent (1 H%) upon the preferred stock of the
Company, payable by check October 15th, 1910,
to stockholders of record
ness
CLAFLIN company.
Church & Worth Sts., New York, Sept.
29 1£
A quarterly dividend of Two
per cent (2%)
be paid October 15th 1910 to holders of
Comr
stock of this Company of record at the clos<
business Friday, October 7th, 1910.
D. N. FORCE, Treasurer
as
of the close of busi¬
September 30, 1910.
ROBERT J. GRAF, Assistant Secretary.
American Malt
Corporation
15 Exchange Place. Jersey City, N. J.
The Board of Directors have declared a SemiAnnual dividend of ONE PER CENT upon the
Preferred Stock of the Company, payable on and
after the 2d day of November, 1910, to stock¬
holders of record at the close of the transfer
books on the twentieth day of October. 1910.
|i|
HENRY EGGERKING, Treasurer.
September 21, 1910.
Office of
_
election of directors and for the transaction <
such other business as
may be brought before tl
meeting will be held at the principal office of tl
Company in the city of Denver, State of Cob
rado, on the third Monday of October next, belt
the 17th day of said month, at 12 o’clock nooi
The transfer books will be closed at 3 o’clock
p. n
on October 7th and
reopened on the morning <
Oct. 24th 1910.
JOHN B. ANDREWS, Secretary.
_
R. M. GRANT & CO.
H. M.
Chicago
Montreal, 8th August, 1910.
We
ROBERT J. GRAF, Assistant Secretary.
THE DENVER A RIO GRANDE
RAILROAD COMPANY.
THE UNITED GAS IMPROVEMENT CO..
N. W. Corner Broad and Arch Streets,
Philadelphia, September 14, 1910.
The Directors have this day declared a quar¬
dividend
terly
of two per cent (51.00 per share)
payable Oct. 15, 1910, to stockholders of record
at the close of business Sept. 30. 1910.
Checks
will be mailed.
LEWIS LILLIE. Treasurer.
American
Zinc, Lead & Smelting Co.
The Directors of the Amerloan Zinc, Lead *
Smelting Company have declared a dividend of
fifty cents (50c.) per share, payable October 15th
1910 to stockholders of record at the close of
business October 1 1910.
*
S. E. FARWELL, Treasurer.
O0T. 11910.)
THE CHRONICLE
JJivi&tn&t.
XIII
glwi&tn&s.
WINSLOW, LANIER & CO.
59 CEDAR STREET.
NEW YORK.
Coupons Maturing October, 1910
THE FOLLOWING COUPONS AND DIVI¬
DENDS ARE PAYABLE AT OUR BANKING
HOUSE ON AND AFTER
OCTOBER 1ST, 1910.
Cleveland A Mahoning Valley Ry. Co. Reg’d 5s
Cleveland & Pittsburgh RR. Co. Gen. Mtge. 4 54s
Pavable at the
N. W. Harris &
Franklin, Indiana.
Also
Greenfield, Indiana.
OCTOBER 20TH, 1910.
Portsmouth, Ohio, Street Improvement.
Payable it
•r
at the Office of our
Chicago Correspondent
Harris Trust Sl Savings Bank
FIRST
FIRST
Ada, Minn., Independent School
District, School Building.
Company, Chicago, Ill.,
Funding Mortgage Gold.
Seattle
Lighting Co., Seattle,
Wash., Refunding Mortgage.
Shelby County, Tenn., Court
House (Furnishing & Fitting).
Anderson County, Tenn., Road.
Auburn ft Syracuse Elec. R. R.
Co., First and Rfdg. Mtge. Gold
Bay County, Mich., Third Street
Bridge Refunding.
South
Co., Equipment.
Ry. Co., First Mtge. Gold.
Springfield, Vt., Water Works,
Buffalo ft Susquehanna Railway
Charleston, Ill., Refunding 5s
(annually).
Charlotte, Mich., Sewer.
Chehalis County, Wash., School
New York.
G. H. RUSSEL, Treasurer
&
JACKSONVILLE RAILWAY
First Mortgage 6% Bonds.
CO.
The coupons due October 1st on the above
bonds are payable at the office of the undersigned.
F. J. LISMAN A CO..
30 Broad Street
New York City.
THE OALLATIN NATIONAL BANK
of the City of New York
156TH CONSECUTIVE SEMI-ANNUAL
THE
DIVIDEND
New York, September 28,1910.
The Directors of this bank have this day de¬
clared a dividend of SEVEN PER CENT, free of
tax, payable on and after October 6th, proximo,
to stockholders of record at 3 P. M. to-day.
GEORGE E. LEWIS, Cashier.
THE ASSOCIATED MERCHANTS Co7~
Hoboken, N. J., September 29, 1910.
A regular quarterly dividend of one and onequarter per cent (154%) and an additional quar¬
terly dividend of one quarter of one per cent
on the First Preferred stock, also a regular quar¬
terly dividend of one and one-half percent (1 54%)
and an additional quarterly dividend of onequarter of one per cent on the Second Preferred
stock will be paid October 15th, 1910, to holders
of the Preferred stock of this company of record
at the close of business Friday, October 7th, 1910.
MOSES ELY, Secretary.
AMERICAN POWER & LIQHT COMPANY.
71 Broadway. New York, N. Y.
PREFERRED STOCK DIVIDEND NO. 4.
The regular quarterly dividend of ONE AND
ONE-HALF (1 54) PER CENT on the Preferred
Stock of American Power A Light Company has
been declared for the quarter ending September 30.
1910, payable on October 1, 1910, to preferred
stockholders of record at the close of business on
September 29, 1910, on which date the transfer
books will close, and re-open on October 3, 1910.
M. H ARNING, Treasurer.
THE KANSAS CITY SOUTHERN
RAILWAY COMPANY
Y., Sept. 20, 1910.
A quarterly dividend of ONE PER CENT (1
%)
has this day been declared upon the Preferred
Stock of this Company from surplus earnings of
the current fiscal year, payable October 15, 1910,
to stockholders of record at 3 o’clock P. M.,
Sep¬
■
No. 25 Broad St., N.
tember 30, 1910.
Checks for the dividend will be mailed to stock¬
holders at the addresses last furnished to the
Transfer Office.
^
G. C. HAND, Secretary.
American Telephone &
Telegraph Oo.
A dividend of Two Dollars per share will be
paid on Saturday, October 15th 1910, to stock¬
holders of record at the close of business on
Friday, September 30 1910.
School
Southern
Michi¬
First Series.
Electric Light.
Wilkes-Barre,
Penna.,
Schools
District.
Dis¬
Wilmington, N. Car., Water ft
Sewerage.
York, Neb., School District No.
12, Refunding.
Dayton, Ia.f Water Works.
Des Moines, la., City Railway
Co., Refunding Mtge. Gold.
Dominion
ft
Vancouver, Wash., Funding.
Walla Walla, Wash., School Dis¬
trict No. 1 Refunding.
West Plain, Mo., Water Works ft
Chickasha, Okla., Sewer.
Chlckasha, Okla., Water Works.
Coos County, Ore.,
trict No. 41.
Bend
gan
District No. 29.
TAMPA
(Continued)
Schiller
,
DETROIT UNITED RAILWAY.
Coupons due October 1 1910 from Detroit Ft.
Wayne A Belle Isle Railway Company First Mort¬
gage 5% Bonds and Detroit A Lake St. Clair
Railway Company First Mortgage 5% Bonds
will be paid on and after that date on presentation
at the office of Kean, Taylor A Co., 30 Pine Street,
Company
N. W. Harris & Comoanv, Boston
Mtge.
Pittsburgh
Mtge.
Pittsburgh
OCTOBER 5TH, 1910.
Pittsburgh Ft. Wayne A Chicago Rys Co. Reg.
Gr. Stk. Quarterly div. 154%.
OCTOBER 7TH. 1910.
Portsmouth, Ohio, Street Improvement 5s.
OCTOBER 15TH, 1910.
Pulaski County, Indiana, Funding 5s.
OCTOBER 18TH, 1910.
v
Pine Street, Comer William, New York
Lawrenceburg, Indiana, Refunding 4 54s
Marlon County, Indiana.
Pittsburgh Ft. Wayne A Chicago Ry. Co. 1st
Mtge. 7s, Series D.
Pittsburgh Ft. Wayne & Chicago Ry. Co. 2d
7s, Series K.
Ft. Wayne A Chicago Ry. Co. 3^
Income 7s, reg., int.
Ft. Wayne A Chicago Ry. Co. Spl. Gr.
Stk. Quarterly div. 1 54%.
Portsmouth, Ohio, Street Improvement Bonds.
OCTOBER 3D. 1910.
Greenfield, Indiana, 5s.
Banking House
Power-ft Transmission
SECOND
Co., Ltd., Hamilton, Ontario.
Fayette, Mo., Water Works 4*4s.
Fort Dodge, la., Refunding.
Galesburg, Ill., Electric Light
Fergus
y
Falls,
Minn., Indepen¬
dent School Dist. Refdg. 4*4s.
Poplar Bluff, Mo., Refunding.
ft
Works.
ft
^
SIXTH
Henry, Ill., Water Works.
Greenville, Tenn., School Series
"A.”
SEVENTH
Inter-Urban
Railway
Marion County, Ore., School Dis¬
trict JNo. 24.
Co., Des
Moines, la., First Mtge. Gold.
Jerseyville, Ill., Refunding.
King County, Wash., School Dis¬
EIGHTH
Mitchell,
S. Dak., Independent
School District, Refunding.
trict No. 50.
Knoxville, Tenn., Market School
TENTH
House.
Fayette, Mo., Water Works.
Morgan
County,
Ga.,
Court
Knoxville, Tenn., Public Imp’t.
Knoxville, Tenn., Viaduct.
Menominee, Mich., Refunding.
Monmouth, Ill., Refunding.
Monmouth, Ill., Water Works
Refunding.
Mount
Airy, N. Car., Water
Works, Electric
Light and
Street Improvement.
New Kensington, Penna., School
District.
New Whatcom,
House.
FIFTEENTH
Burleigh County, N. Dak., Re¬
funding.
Carroll, la., Independent School
District, School Funding.
Chippewa County, Mich., Re¬
funding.
Islip, N. Y., Union Free School
District No. 1.
Wash.,
Munici¬
Pana, Ill., High School Build¬
ing 5s.
Warsaw, Ill., Water Works.
Winnsboro,
S. Car.,
Electric
Light ft Improvement.
Woodlawn Township, N. Dak.,
Refunding.
pal Gold.
Odessa, Mo., Electric Light 5s.
Oklahoma Gas ft Electric Co.,
First Mortgage Gold.
Rock Island, Ill., Board of Edu¬
cation, School Dist., Refdg.
October Investments
own and offer over 200 different issues of
carefully selected
municipal, railroad and public service corporation bonds which
we recommend for conservative investment at prices to yield
We
3y4%
Write for circular
to
5y2%
offerings and booklet for Investors
WM. R. DRIVER, Treasurer.
PHILADELPHIA COMPANY.
TREASURY DEPARTMENT.
Pittsburgh, Pa., Sept. 29, 1910.
DIVIDEND—The directors this day declared
the regular quarterly dividend on the Common
Stock of Ohe and One-Half (154%) Per Cent,
Sayable,
of One-Half
of
(54 ofwith
1%)an
PerExtra
Cent, Dividend
declared June
7th, 1910,
ine
November 1, 1910, to stockholders of record
October 1, 1910.
Checks will be mailed.
,'
C. J. BRAUN JR., Treasurer.
^
on
/
PITTSBURGH COAL COMPANY.
Pittsburgh, Pa., Sept. 28 1910.
The Board of Directors of this
company has
this day declared a dividend on the Preferred
Stock of one and one-quarter (1 54) per
cent out
of the earnings, payable October 25th 1910 to
stockholders of record at the close of business
October 15th 1910.
F. J. LeMOYNE,
Secretary.
INTERNATIONAL PAPER COMPANY.
A dividend of one-half of One Per Cent on the
preferred stock has been declared, payable Octo¬
ber 15th 1910 to preferred stockholders of record
at the close of business at 3 P. M., October 5th
1910, at which time the transfer books dose for the
annual meeting to be held October 26tb 1910,
12 o’clock noon, at Corinth, N. Y., and reopeh on
the morning of October 27th 1910. Checks mailed.
B. W. HYDE, Secretary.^
„
THE CHRONICLE
»v
[Vol.
Lxmi.
ftwnutaL
INVESTMENTS
CONSERVATIVE
Missouri Kansas & Eastern Ry. Co.
First
,
Mortgage Gold 5s, 1942.....
A closed first mortgage on M
to pay
K. & T. Ry. Co.’s main and only line into St. Louis.
$4,QQO,QQO is now followed by three issues
4.35%
This
J
*
of mortgage bonds aggregating $16,652,000.
.
&
'
Jt4~
i1
.
United New Jersey R.R. & Canal Co.
General (now
first) Mortgage Gold 4s, 1944
Penna. RR. Co.’s main through line
Tax-exempt in New Jersey.
A closed first mortgage on
Philadelphia.
Midland R.R. Co. of
A closed first mortgage on one of the Erie
four junior mortgage issues, and have
New Jersey.
System’s lines into New York.
been outstanding since 1880.
Northwestern Terminal
First Mortgage
...to pay
4.40%
J
They underlie
*
^^ ’
,
*
—ifc&sftra
„<
Tax-exempt in
i
*
Guaranteed Gold Ss, 1926
Prices and full
1
i
Ry. Co.
to pay
5.7 5%
Guaranteed, principal and interest, by Denver Northwestern & Pacific Ry. Co., and a
first mortgage on real estate valued by independent appraisers at a sum 20% in excess
of bonds outstanding, giving the issue many advantages claimed for real estate mortgage
loans, with the larger market possibilities of first mortgage railroad bonds.
;
m-
3.88%
New Jersey
Gold Ss, 1940
First Mortgage
to pay
between New York and
I
particulars furnished upon request
PLYfflPTON, GARDINER & CO.
BANKERS
27 William St..
NEW YORK
232 la Salle St..
54 Old Broad St..
LONDON, E. C.
Exchanges.
Members New York and Chicago Stock
WLuutzA.
NOTICE IS HEREBY GIVEN TO THE
HOLDERS OF THE OUTSTANDING
First Mortgage Six Per
Gold Bonds
Cent
Municipal Bonds
are
Conservative
OF THE
Metropolitan Railway Company
(Denver, Colorado)
dated July 30th,
18tl, maturing January 1st,
1911, aggregating $953,000, that provision has
been made for the payment of the principal of said
Bonds,and the accrued interest thereon, on Janu¬
ary 1st, 1911, at the office of The Mercantile Trust
Company, 120 Broadway, New York City, New
York.
Pursuant to the provisions of the First and
Refunding Sinking Fund Mortgage 2 5-Year 5%
Gold Bonds of The Denver City Tramway Co.,
dated November 1st, 1908, $953,000 par value of
these Bonds are authorized to be Issued for the
of paying off, canceling, retiring and dis¬
charging the said First Mortgage 6% Gold Bonds
of the Metropolitan Railway Company.
For the,terms under which the maturing 6%
Bonds may be exchanged for Denver City Tram¬
way Company Twenty-five Year Sinking Fund
Gold Bonds prior to January 1st, 1911, your atten¬
purpose
tion la called to the announcement of Messrs
^lark.
Dodge & Co. and The International Trust, Com¬
pany, below.
The Denver City Tramway Company,
By WILLIAM G. EVANS, President.
Dated Denver, Colorado, September 26,1910.
Referring to the above notice, the undersigned
are prepared at any time prior to January
1st,
1911, to exchange for the above-mentioned
Bonds at 100 and accrued Interest to January 1st,
1911, First and Refunding Sinking Fund Mortgage
Twenty-five-Year Five Per Cent Gold Bonds of
the Denver City Tramway Company at 95 and
accrued interest to date of exchange, or to pur¬
chase the Six Per Cent maturing Bonds at 100
and accrued interest to date of delivery.
CLARK. DODGE & CO..
51 WALL STREET, NEW YORK.
»
INTERNATIONAL TRUST COMPANY.
DENVER, COLORADO.
CHICAGO
Dayton, Ohio.......„v
Springfield, Ohio
Duluth* Minn
Waco, Texas
Wake County, N. 0
Seattle, Wash
St. Paul, Minn
Atlantic City, N. J
Pittston, Pa
Topeka, Kansas
Salt Lake, Utah
Newport News, Va
Dallas, Texas
Portland, Ore
T-5s
5s
Gold 5s
5s
........
6s
5s
5s
4J^s
.4*^s
.4^8
.4^8
A%a
Gold 4s
4s
and other choice bonds.
Write
for Circular 284.
WANTED
Cleveland, Ohio
Akron, Ohio
Columbus, Ohio
Springfield, Ohio...;
Dayton, Ohio
4s
4s
4s
:4s
4s
$75,000 WANTED
A NEW YORK STATE PUBLIC SERVICE
CORPORATION. NOW CONSTRUCTING. DE¬
SIRES TO INTEREST A CAPITALIST WHO
CAN FURNISH THE ABOVE AMOUNT ON 6%
FIRST MORTGAGE BONDS AND STOCK. THE
POSITION OF GENERAL MANAGER IS ALSO
OFFERED WITH THE IN VESTMENT. REPLIES
MUST BE ACCOMPANIED ABSOLUTELY BY
EVIDENCE
OF
FINANCIAL
STANDING.
ADDRESS “E. T. R..” CARE COMMERCIAL &
FINANCIAL CHRONICLE. P. O. BOX 998
NEW YORK CITY.
WANT LOAN OF $200,000.
I have a client that desires a loan of $200,000,
first lien on real estate. City of Scranton, Pa.
Title good and clear of liens.
Security $850,000
to $400,000.
Apply to
\
W. W. WATSON.
Traders’ National Bank Building,
Scranton, Pa.
WANTED.—THE SERVICES OF A GENTLE¬
MAN, ENERGETIC AND CONGENIAL. OF
BEST ADDRESS AND WITH LARGE AC¬
QUAINTANCE IN BANKING CIRCLES. CAPA¬
and other Ohio issues.
C. E. DENISON & CO.
BLE OF PROCURING BUSINESS. TO VISIT
BANKS THROUGHOUT THE COUNTRY AND
TO ATTEND CONVENTIONS.
ADDRESS
“ENERGETIC.” P. O. BOX 822, N. Y. CITY.
4 P. O.
Square, BOSTON
Guardian Bldg., CLEVELAND
who understands the business thoroughly
EXPERIENCE, care Chronicle. P. O. Box
New Yoric.
man
WANTED
CHRONICLE
EXPERIENCED BOND MAN who is at present
a prominent firm wishes to be
permanently located in New York City and
wonld be pleased to hear from any reliable firms
who are desirous of obtaining the services of a
traveling for
ISSUES
Jan. 16 and 30; Feb. 13; April 3,
Jan. 29, 1910
Will pay 20 cents a copy.
1909.
Commercial & Financial Chronicle
138 Front St., New York
Man thoroughly experienced in the stock and
line is desirous of securing an office or
selling position: am capable executive, as well
as salesman.
Would consider an out-of-town
proposition. Address E., care of Chronicle.
P. O. Box 958. New York.
bond
Experienced bond salesman familiar with New
York State territory desires position.
Address
A. Bt Cm care **Qironicle,” P.O.Box 958. N. Y.
O0T. 11910.]
IT
THE CHRONICLE
ftmnuWL
October Investments
We
own'
and offer the
following securities, subject to prior sale and change in price:
$500,000
Vandalia Railroad
Consolidated
A direct first
Company
Mortgage 4% Gold Bonds, Series B, due Nov. 1,1957
of the entire Vandalia Railroad, which forms
Pennsylvania System to St. Louis via Indianapolis. A legal investment
for savings banks in New York and Connecticut.
mortgage on about 85
per cent
the main line of the
Yielding 4.17
Price at Market,
per
cent
$350,000
First
A direct
Hocking Valley Railway Company
Consolidated
A^^ge 4Gold Bonds, due July 1, 1999
mortgage on the entire property of the Hocking Valley Railway Co. Outstanding,
$16,063,000; mortgage closed except to refund $3,842,000 underlying liens, none of which
matures until 1948.
Since organization in 1899 the Company reports an average annual net
income of over 2% times its fixed charges.
Fixed charges were earned not less than 2% times
in any one year, and were earned over 3 times during the 11 months ended May 31, 1910.
In
1909 sales of these bonds on the New York Stock Exchange ranged from 102J^ to 109 and interest.
Price
103M and interest, Yielding about 4.40 per cent
$350,000
Mutual Terminal Company of Buffalo
First
Mortgage 4% Sinking Fund Gold Bonds, due July 1, 1924
sinking fund guaranteed one-fourth each by the New York Central & Hudson
River, Delaware Lackawanna & Western, Lehigh Valley and Erie Railroad Companies, the
guaranty remaining in force until all the bonds shall have been redeemed. The sinking fund of
$200,000 per annum has redeemed to date $1,011,000 of the entire $5,000,000 issue and will retire
about 75% of the whole issue by maturity.
Interest and
Price
953^ and interest, Yielding about 4.45
per
cent
$100,000
s
American
„
...
Telephone & Telegraph Company
Collateral Trust
Secured
■
4% Gold Bonds, due July 1, 1929
margin of over 33% and followed by securities having a pres¬
ent market value of $406,800,000, or nearly eight times this issue.
A legal investment for savings
by collateral showing
a
banks in Massachusetts.
;
Price at Market, Yielding about
Further details
on
4.70
per
cent
application
William Salomon & Co
Bankers
ti vf: v
25 Broad Street
181 La Salle .Street
NEW YORK
CHICAGO
j*e»tv j*ir * «.m £. tjv,jwswumm» mHruwrxPyvxt~
'
ym"t w
y w.v *'V<*-
XVI
THE CHRONICLE
(Voi>.
LXXXXI.
giuatictal.
OCTOBER INVESTMENTS
We offer, subject to^sale, any part of the
following
High-Grade Railroad Bonds
An exceptional opportunity is herewith presented of
acquiring bonds of the following
high-grade character at prices well below the figures at which they have sold
every year
for the past few years
$200,000
To Yield About
Chicago Burlington & Quincy RR. Co.
Illinois Division First Mortgage 3^s of 1949
Legal for savings banks in New York, Massachusetts and Connecticut.
100,000
4*07%
Pittsburgh Cincinnati Chicago & St. Louis Ry. Co.
Consolidated Mortgage Series “G” 4s of 1957
4*05%
Tax-free in Pennsylvania.
100,000
Lake Shore & Michigan Southern Ry. Co.
First Mortgage (Registered) 3j^s of 1997
3*90%
Legal for New York, Massachusetts and Connecticut savings banks.
25,000
Chicago Indiana & Southern RR. Co.
Indiana Illinois & Iowa First
100,000
Mortgage 4s of 1950.
4*20%
Duluth Missabe & Northern Ry. Co.
General Mortgage 5s of 1941.
4*75%
Tax-Exempt Guaranteed
Stock
Pennsylvania Railroad System
3,500Shares Delaware Railroad Co
.8% Stock
Tax-free in New York, New Jersey,
Connecticut, Delaware and Maryland.
Dividends guaranteed by the Philadelphia Baltimore &
Washington RR. Co.
Has paid annual dividends
uninterruptedly for the past 53 years.
First
$50,000
Mortgage Bonds paying
-
Earning
50,000
one
.
-
-
Harwood Electric Company
First Mortgage 5s of 1939:
Earning
5*22%
5*06%
Earning three times interest charges.
Portland Railway Company
First and Refunding Mortgage 5s of 1930
Underlying issue.
50,000
-
and two-thirds times interest charges.
Tax-exempt in Pennsylvania.
50,000
-
5%
over
Rutland Railway, Light & Power Co.
First Mortgage 5s of 1946
4,21%
over
5*20%
double interest charges.
Joliet, Illinois, Economy Light & Power Co.
First Mortgage 5s of 1956
Successfully operated for over
interest charges.
5*20%
-
28 years.
Earning two and one-half
times
Our October circular, giving information
concerning the above and other securities, will be sent on request.
We will also be glad to submit lists of
securities conforming with the special requirements of
indi¬
vidual investors, estates, financial institutions and
firms.
IMmmd &<f&
Members New York Stock Exchange,
Issue letters of credit available in all
parts of the world, transact
domestic banking business.
33 Pine
Street,
624 Fifth Avenue, New York
-
-
a
general foreign and
New York
507 Chestnut
Cable Address “Mimosa,” New York
! '
Street, Philadelphia
TV
mtimetria
INCLUDING
Bank & Ouotation Section
Railway & Industrial Section
Electric
Railway Earnings Section
Bankers* Convention Section
State and
<v
VOL 91.
SATURDAY, OCTOBER 1 1910.
Clearings at—
PUBLISHED WEEKLY.
Subscription—Payable in Advance
For One Year
For Six Months
$10 00
European Subscription (including postage)
European Subscription six months (including postage)
Annual Subscription in London (including postage)
8ix Months Subscription in London (including postage)
Canadian Subscription (including postage)
13
7
£2
£1
$11
6 00
00
50
14s.
11 s.
50
Subscription includes following Supplements—
State and City (semi-annually)
Quotation (monthly)
B 'NK and
Railway and Industrial (quarterly)
Railway Earnings (monthly)
Terms of
Electric Railway
(3 times vearly)
Bankeks’ Convention (yearly)
Cincinnati
Cleveland
Detroit
Milwaukee
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
Dayton
Evansville
Kalamazoo
Fort
Transient matter per inch space (14 agate lines)
$4 20
( Two Months
(S times)
Three Months (13 times)
22 00
29 00
Standing .Business
Business Lards
Pards <
Standing
Six Months
(26 times)
C. Twelve Months (52 times)
50 00
87 00
CHICAGO OFFICE—Pliny Bartlett,613 Monadnock Block; Tel. Harrison 4012
LONDON OFFICE—Edwards & Smith, 1 Drapers’
Gardens, E. CL
,
Chicago
Springfield, Ill..
Advertising—Per Inch Space
)
WILLIAM B. BAN A COMPANY, Publishers,
\
P. O. Box 958.
Front, Pine and Pepeyater Sts..
New York.
Wayne
Youngstown
Canton.
Rockford
Akron
Quincy
Bloomington
Lexington
South Bend
Mansfield
Decatur
Springfield, O...
Jackson
Published every Saturday morning by WILLIAM B. DANA COMPANY
William B. Dana, President; Jacob Seibert Jr., Vice-Pree. and Sec.; Arnold
G.
Dana, Treas.
Addresses ot all. Office of the Company.
CLEARING-HOUSE RETURNS.
Clearings—Returns by Telegraph.
Week ending October l.
New York
Boston
Philadelphia
$1,659,478,523
126.133,773
123,412,826
21,901,600
231,453,224
55,715,815
14,074,743
—23.1
—12.3
—12.2
+ 11.6
—3.6
+ 1.4
—5.9
SI,812,404,528
479,914,683
S2,232,170,504
457,084,611
—18.8
+ 5.0
..
Chicago
..j
_•
Seven cities, 5 days
Other cities, 5 days
Per
Cent.
1909.
$1,276,183,283
110,584,625
108,359,067
24,442,981 '
223.067,520
56,520,611
13,246,441
Baltimore
St. Louis
New Orleans
year.
1910.
Jacksonville, III.
Danville
Ann Arbor.
Adrian
Lima
$2,292,319,211
592,648,718
Total all cities for week
$2,884,967,929
$2,689,255,115
1
845,153,802
—14.8
—29.9
$3,534,408,917
—18.4
The full details for the week covered by the above will be given next Sat¬
urday.
We cannot furnish them to-day, clearings being made up by the
clearing houses at noon on Saturday, and hence In the above the last day
of the week has to be In all cases estimated, as wre go to press Friday night.
We present below detailed figures for the week ending with Saturday,
noon, September 24, for four years.
-
Week
ending September 24.
Tot. Mid. West.
Spokane
Tacoma
Salt Lake City..
Oakland
Helena
Sacramento
San Diego
Fresno
Stockton
San Jose.
North Yakima..
Billings
New York.
Baltimore
Buffalo
Albany
Washington
Rochester
Scranton
...
Wilkes-Barre
Wheeling
Harrisburg
Trenton
York
Erie
Greensburg
Binghamton
Chester
Altoona
Franklin
1909.
$
$
%
.
....
.
Total Middle.. 1,754,68$,599 2,339,210,690
Boston
Providence
Hartford
New Haven
Portland
Springfield
Worcester
Fall River
New Bedford
Lowell
Holyoke
Tot. New Eng.
1908.
1907.
$
$
1,496,709,201 2,068,295,500 —27.6 1,637,474,807 1,402,951,911
136,223,684
155,051,223 —12.1
108,828,321
130,397,705
50,492,006
47,186,356
+ 7.0
37,523,405
52,943,212
30,036,158!
25,748,522 + 16.7
23,188,768
27,061,070
—3.0
9,390,188,
9,677,078
7,689,016
8,303,370
5,888,109'
8,006,552 —26.5
7,849,411
5,553,980
—2.4
5,815,816
5,959,253
4,833,506
5,329,579
3,339,750
3,072,927
+8.7
2,755,632
2,969,347
2,468,079
2,297,164
+ 7.4
2,167,457
2,194,934
2,236,473
2,041,735
+ 9.5
1,902,773
1,951,422
1,391,836
—7.3
1,500,425
1,179,774
1,406,946
1,555,431
1,383,073 + 12.5
1,056,201
1,144,436
1,299,109
1,232,419
+ 5.4
1,132,438
1,133,576
1,439,154
1,767,115 —18.6
1,325,704
1,087,971
1,120,384
1,177,796
—4.9
975,894
923,807
1,422,192
1,251,550 + 13.7
1,038,632
839,536
791,218
+6.1
749,885
683,618
797,652
792,571
+0.6
580,856
731,251
544,773
498,627
+9.3
550,000
496,401
490,200
395,500 +24.0
424,800
458,200
483,010
392,721 +23.0
362,579
566,587
465,858
421,365 + 10.6
368,589
240,000
270,000 + 11.1
203,196
259,487
Philadelphia
Pittsburgh
Syracuse
Reading..
Wilmington
1910.
Inc. or
Dec.
:
142,593,512
6,898,800
3,434,476
2,192,469
1,857,073
1,868,983
2,339,591
1,117,908
905,651
479,652
*
594,841
145,830,482
6,382,200
3,245,069
2,257,266
1,654,688
2,000,000
1,585,720
979,186
1,004,987
442,940
498,975
1*4,482.956
165,881,513
—25.0
—2.2
+ 8.1
1,844,161,689 1,648,232,428
+ 8.3
+ 19.2
120,988,730
5,374,000
2,644,566
1,927,620
1,735,653
1,597,014
1,446,961
811,133
626,096
458,916
!
406,145
127,668,504
6,343,400
2,951,060
2,248,141
2,011,848
1,800,000
1,487,878
888,543
515,844
500,732
435,577
—1.0
138,016,834
146,851,527
+ 5.8
—2.4
+ 12.3
—6.5
+ 47.5
+ 14.2
—9.9
Total Pacific..
Kansas City
Minneapolis..
Omaha
St. Paul
Denver
St. Joseph
Duluth
Des Moines.
Sioux City
Wichita
Lincoln
Topeka
Davenport
Clearings at—
1909.
Inc. or
Dec.
1908.
$
$
%
$
260,374,422
21,849,350
17,856,635
16,685,952
12,50,>,000
8,447,426
5,180,900
4,073,802
2,905,646
2,754,577
1,963,107
1,937,562
1,240,030
837,128
916,519
977,738
952,235
752,465
790,000
612,942
522,445
710.000
527,403
450,045
406,226
487,638
300,000
257,522
360,360
156.190
38,578
353,385
521,864
273,580,420
22,841,350
16,905,816
13,823,732
11,492,505
7,579,926
5,736,100
3,773,069
2,560,453
2,295,877
'1,832,396
1,865,101
1,185,026
1,047,333
953,373
1,581,165
689,883
659,422
855,000
478,501
498,847
667,529
486,396
342,278
397,462
544,385
279,900
...
Cedar Rapids
Fargo
§ioux Falls
Colorado Springs
Pueblo
Fremont
-.
Tot, oth. West.
St. Louis
New Orleans...
Louisville
Houston
Galveston
Savannah
Richmond
Fort Worth
Atlanta
...
Memphis
Nashville
Norfolk
Augusta
Birmingham
_.
Knoxville
Chattanooga
Charleston.
Mobile
Jacksonville
Little Rock
_.
_
....
Oklahoma
Macon
Beaumont
Austin
Vicksburg
Wilmington, N.C
Jackson
Meridian
Total Southern
Total all..'
Outside N. Y.
—4.8
—4.3
+ 6.2
+20.7
+8.8
+ 11.4
10,586,866
13,285,409
11,615,531
7,215,454
5,799,000
3,810,167
3,171,237
2,367,507
1,883,112
1,882,563
930.346
896,461
774,001
200,381
390,629
747,542
710,000
418,246
434,181
557,763
433,876
367,052
411,204
410,751
305,886
264,608
10,599,214
6,462,278
4,985,70C
3,503,571
2,302,537
1,953,634
1,489,164
1,755,6+
*
+ 13.5
+20.0
+7.1
+3.9
+ 4.7
931,42(
—20.1
—3.9
—38.2
775,001
891,93$
763,33 4
+38.0
+ 14.1
632,59(
589,198
530,00(
495,214
454,311
416,05(
413,611
360,331
337,451
312,271
272,02$
217,18(
—7.6
+28.1
+4.7
+ 6.4
+8.4
+31.5
+2.2
—10.4
+1.5
—1.0
—0.4
280,58^
142,564
18,00(
240,00(
153,464
20,000
330,000
316,151,620
33,303,433
348,782,706
in total
368,vO*#, 92
45,925,418
15,356,174
10,852,396
9,021,248
4,879,471
6,189,731
5,871,963
2,998,965
919,763
1,591,161
1,400,000
876,323
667,489
694,309
481,141
152,261
52 ,000
376,563,643
38,352,421
10,472,222
13,869,368
7,744,700
4,470,911
6,215,502
5,927,681
+ 19.7
+46.6
—21.8
+ 16.5
+9.1
875,873
1,130,856
1,000,000
736,734
637,371
510,000
354,823
221,812
482,519
+ 5.0
+ 40.7
+ 40.0
+ 18.9
+4.7
+ 36.1
+35.6
—31.4
+8.8
856,68$
985,891
797 JKX
608JH
505,99*
452,671
237,531
108,402,813
51,896,494
24,478,578
16,060,395
10,841,335
10,993,923
6,251,106
4,766,678
3,434,844
2,696,836
3,248,013
1,477,201
1,368,611
1,253,248
1,140,000
784,986
1,113,205
652,944
571,737
272,056
94,759,576
+ 14.4
48,592,780
24,443,552
14,431,126
11,518,453
8,930,968
5,976,419
6,674,629
3,555,332
2,836,090
2,438,116
1,387,314
1,356,813
1,285,440
+6.8
+0.1
+ 11.3
78,612,67$
40,021,111
31.601.05S
143,302,190
65,984,446
15,274,762
11,340,969
19,509,319
7,731,000
8,356,419
5,913,646
6,66+272
9,960,345
3,722,588
3,525,150
2,673,434
2,362,068
2,685,515
1,656,520
1,675,000
1,557,738
1,366,917
2,129,267
1,293,668
2,482,074
1,375,200
450,000
1,531,307
260,392
506,138
450,000
250,000
.
—2.1
—5.9
+23.1
+4.6
+ 1.4
+3.6
+ 6.1
+ 11.4
+ 40.7
+ 7.7
—6.5
—11.0
—4.6
+21.6
—6.6
+3.2
—14.8
—30.4
+31.5
—3.0
+25.1
r-16.6
+ 18.1
+36.2
—11.8
+ 16.1
+ 10.0
—4.6
+ 70.0
+ 54.6
—8.1
+ 54.1
+ 10.1
170,851,722
+6.9
2,722,163,904 3,284,490,155
—17.1
182,687,154
1,2.5,454,703 1,216,194,655
Note.—For Canadian Clearings see
2,909,845
2,057,670
1,348,790
1,210,121
1,007,091
1,105,608
766,438
758,473
750,000
583,594
537,901
431,993
2,986,581
2,436,992
1,277,908
1,136,436
1,104,019
1,463,072
568,751
532,915
615,000
715,000
607,319
447,224
120,635,947
55,413,011
12,597,306
9,538,706
11,643,613
7,228,000
6,145,809
5,324,735
5,242,871
4,156,572
4,085,233
2,760,540
1,995,837
2,144,965
1,623,968
1,289,229
1,261,054
1,312,199
1,187,965
1,108,596
1,139,990
877,000
800,772
451,717
585,020
235,659
360,000
325,000
114,242,662
—6.4
—9.4
86,248,298
38,009,980
24,781,869
11,703,179
12,123,762
8,789,289
4,943,365
—2.5
+71.3
+3.6
+¥.8
608,606
534,993
11,900,708
10,791,172
7,924.641
4,929,725
+33.2
+6.4
+0.9
+20.4
1,034,991
202,173
—28.6
—3.4
—4.9
737,556
650,000
630,281
530.263
300,256
41,221,899
9,790.817
10,195,426
6,550,643
3,262,808
4,986,300
5,773,646
9,002,324
9,869,241
7,011,65(
3,344,36$
5.131.26S
4,725,243
—0.4
—0.9
947.623
137,223,011
63,688,965
14,392,637
10,179,620
13,869,826
7,178,500
8,940,265
6,643,450
6,982,706
8,188,000
3.987,864
3.414,290
3,139,164
3,393,868
2,042,672
1,708,068
1,339,096
1,868,237
1,157,280
1,563,402
1,467,107
2,137,987
1,250,196
471,573
900,548
168,401
550,935
292,000
227,065
$
244,416,350
25.339,950
18,240,035
—9.7
+8.e
1907.
227,761,058
22,733,706
12,944,723
260.020
361,726
128,668 +21.4
17,176 + 124.6
319,490 + 10.6
—0.3
523,318
Not included
San Francisco
Los Angeles
Seattle
Portland
ad
ending September 24.
1910.
Lansing
Pasadena
Total all cities, 5 days
All cities, 1 day
_
Saginaw
The following table, made up by telegraph, &c., Indicates that the total
bank clearings of ail clearing houses of the United States for week ending
to-day have been $2,8-4,907,929, against $2,722,163,901 last week and
$3,534,408,817 the corresponding week last
NO. 2362.
Week
Jfte CtonMje.
Terms of
Railway Section
City Section
„
140,835,367
•
58,760,745
16,745,082
11,663,238
14,380,792
6,711,000
6,219,660
5,933,019
3,694,370
4,597,600
3,353,286
5,059,576
2,529,462
3,075,385
2,057,167
1,634,370
1,327,631
1,471,374
1,392,841
1,043,863
1,277,607
874,151
755,082
482,174
450,000
155,939,475
2,638,414,141 2.500,297,096
+0.8 1,003,939,334 1,097,345,185
"Commercial and Miscellaneous News."
830
THE CHRONICLE
THE BANKERS’ CONVENTION AT
LOS ANGELES.
The annual convention of the American Bankers’
Association will be held next week at Los
Angeles. A
complete report of the proceedings of the meeting
will be given in our Bankers’ Convention Section,
which will be issued the week following, namely on
Oct.
A
15.
[Yol.
the first letter of its alphabet to realize
they stand in this matter, and they are really in
earnest about it; the
large special meeting, represen¬
tative of some 350,000 men on roads east of the Mis¬
sissippi, and listening for five hours to addresses from
the executives of the associated
engineers, firemen,
conductors and trainmen, attests their interest.
Say what one will of it, this action is significant of
the times,and it cannot be
ignored by the politicians,
grasp upon
where
who will understand it to
distinctive feature
of
this
Supplement will
be two special articles pertinent to the banking
development of Los Angeles and San Francisco. One
wiH be an “Historical Summary of Los Angeles and
Los Ahgeies Banks,” by Stoddard Jess, Vice-President
lxxxxi.
mean
business.
Added im¬
portance attaches to it by reason of the fact that
similar action was taken the
previous month by rail¬
road labor in the Southwest. At a
meeting at Topeka
in August formal resolutions were
adopted, it may be
recalled, by employees representing all the lines of the
Santa Fe and Rock Island
systems, asking President
of the Fitst National Bank of Los Angeles, and the
the
Taft,
Inter-State Commerce Commission and
other will deal with the “Growth of Banking in San all
law-making bodies, national or State, to unite in
Francisco since the Fire.” This latter article has been an effort to get permission for rate advances.
prepared by James K. Lynch, Vice-President of the
A monthly insurance
journal in San Francisco gives
First Nat|onal Bank of San Francisco.
what it calls “a warning to life insurance
companies.”
The great political issue of the near
future, it says,
ELECTRIC RAILWAY SECTION.
will be the physical valuation of railroads.
“A political
A new number of our “Electric
Railway” section, party will win at the polls on this issue, and will retain
revised to; date, is sent to our subscribers to-day. The control
of the Federal Government
by fulfilling its
editorial discussions in the same embrace the
following pledge to value railroads according to actual and
topics: “The Need of Standardization in Electric honest cost.” This government
valuation, says the
Traction,” “The Brain Control of Electric Machinery” journal, will not include fancy prices
paid to favorites,
and “Electric Street Railway Progress in
nor bonds sold wherewith to
England.’
pay dividends, nor the
|THE FINANCIAL SITUATION.
large meeting of railroad employees held in this
city on Saturday last is very significant in the present
situation.; The key-note of the meeting was that the
roads and; the men are in the same position of
having
to meet increased outlays and that “whoever
opposes
fair returns for railroad investments tampers not
only
with the railroads but with their employees.”. The
men propbse to continue
insisting upon higher wages
and shorter hours for themselves, but
they are not
possessed \ with the notion that because a railroad is
largest can do anything it is compelled to do,even to
the extent of paying more than 100 cents out of a
dollar. Accordingly, they openly side with their
employers in declaring the absolute necessity of revis¬
ing rates to meet existing conditions.
They suggest that candidates in the elections be in¬
terrogated as to how they stand upon the subject.
They declare that the two million voters “directly
dependent on the railroad interests of this country for
a livelihood ask for
nothing short of a square deal.’’
They will “exert their (our) collective and individual in¬
fluence against those who are selfishly or otherwise
antagonistic to the interests from which we derive
our livelihood,” and
they further propose to send their
The
cost of needless miles built to collect additional subsi¬
dies,
nor
capital stock representing
no money
paid.
“The consequent depreciation (proceeds this
warning)
in the value of railroad bonds wfill be
large enough to
affect the assets of the large life insurance
companies,
which continue to hold
a
large proportion of their legal
big
in the form of railroad securities.” So the
American life companies are told that “now
reserve
the time to
may be
begin reducing their railroad bond invest¬
ments.”
Such talk
this
might be found in reckless daily
journals now-a-days; it seems a little strange when
found in a publication devoted to
insurance; and yet it
may be useful as presenting the destructive program
of those who seek power by appealing to the mob
spirit.
The insurance companies were ordered by
the pres¬
as
ent law of this State to sell all their stocks
stocks
because
deemed
by the framer speculative and
dangerous. Apropos of this, Mr. Peabody, of the
Mutual Life (the heaviest holder) is now reported as
saying that if the company had sold out at the best
figures obtainable since 1906 for large blocks, it would
have lost 10 millions, and that it has been unable to
sell
were
more
than
stocks without
a
few hundred shares
even
of active
unduly depressing prices. Some 25
appear before the Inter-State millions have been sold, and no fair price has been
Commerce Commission in the pending
hearings upon refused; but bargain-hunters have been watching
the rates problem.
their opportunity and tiying to force it, and therefore
This is not altruism; it is sheer selfishness. The two-thirds of the
holdings still remain. So the com¬
significant thing is that these railroad employees panies, with the framer of this foolish law no longer in
really do perceive that wages and rates must stand position to prevent its modification, expect to ask the
together. They have successfully clamored for in¬ next Legislature for an extension of time; the better
crease, and they discover that unless the roads can demand would be for its repeal
outright.
make some increase in turn the ground will
It
is
unwarranted
to
assume
that these securities
inevitably
fall beneath their own feet. They are not students can be
disposed of, under market conditions, within
of political economy, but they have obtained
the
next
fifteen months, and the adviser who expects
enough
chief
executives
to
O0T.
11910.]
THE CHRONICLE
831
and urges sale of railroad
In October of last year the Bank of Germany raised
bonds while value remains in them omits to say where its rate from 4% to 5%, in November 1907
7%% was
the buyers will be found. Imagine, for a moment, reached, in October 1906 the rate went to
6% and in
that his forecast were realized; * the alarmist would November 1905 to
5%%. This week's statement of
the
man on
horseback
soon
propose to sell to Wall Street,
and then the war upon railroads
hesitation.
in
But the rich
are as
representing the rich,
could proceed without
well skilled as anybody
forecasting the future, and Wall Street does
own
the railroads
now.
All educational
or
not
scientific
institutions, all hospitals and benevolent institutions,
and all libraries or other public benefit which possess
any endowment fund, are based more or less upon
railroad bonds and shares. The savings banks in this
State own over 250 millions of railroad bonds, or nearly
17% of their deposits. In the whole country savings
banks have over a fifth of their deposits thus placed,
and the fire and life insurance companies have some
30% of their assets thus. Perhaps not many of the
persons who cheer the wild outpourings of a traveling
agitator have savings bank deposits or life insurance
policies, and yet some of them may be interested in
some one of the
great industrial life companies; one
of those now has approximately a third of its assets in
railroad bonds, and probably the others are
similarly
situated.
A
few
centuries
people were sure the sun
earth, for did they not see him
moving across the sky every day? And still men are
victims of their own senses because
they do not use
their reason, imagining railroads to be bad and
powerful because they are big, and assuming that
because a railroad represents a
large aggregate of
capital, therefore the hated rich must own it. On the
contrary, the railroad is owned by the great mass of
common thrifty
people, because their savings have
been invested in it by their trustees. It is charitable
to suppose that neither the
agitators who are attacking
the foundations, nor the unthinking
persons who
follow them, realize what they are doing.
ago
revolved about the flat
Three
European banks have this week advanced
by 1%. The Imperial
example on Monday by
raising its charge from 4% to 5%, while on Thursday
the Bank of England announced a
change from 3%
to 4% and the Bank of
Belgium from 3%% to 4%%.
That Berlin would have to protect itself was
clearly
manifest last week, but it was thought
probable that
only 4%% would be named. Similarly, the expec¬
tation during the early part of the week was that
the Bank of England would declare
only a 3%% rate,
although on Wednesday private discounts were marked
up so sharply that a 4% official minimum appeared
highly probable—indeed, some London bankers feared
that »43^% would be imposed.
In New York there
has been a disposition to
magnify the seriousness of
these events.
The facts simply are that it is
customary
for both the Reichsbank and the Bank of
England to
their official discount rates
Bank of Germany set the
the Bank showed
loss of
only $1,250,000 in gold and
silver, the increase in note circulation
was not quite $10,000,000, loans were somewhat re¬
duced, and against an increase of fully $23,000,000 in
discounts there was a gain of more than $11,000,000 in
deposits. The open market charge for accepting bills
in Berlin is 4%%, which is not at all abnormal on the
eve of very extensive
quarterly settlements. Next
week's return will in all probability reveal a marked
expansion in circulation, $3 well as in discounts, but
if precedent be followed, the rehabilitation will be rapid*
At other Continental points money has
naturally be¬
come firmer in the final
days of the quarterly period;
at Paris there has BeerTan advance to
2%%, at Am¬
sterdam and Vienna the private
charge is only 34* of
1% below the Bank rate of 4%, while at Brussels the
quotation has risen to 4%. It shouldbe added,
however, that the Bank of France is confidently ex¬
pected to adhere to its favorite rate of 3%, a rate sel¬
dom raised except in times of unusual
stringency.
The ratio of reserve recorded
by the Bank of Eng¬
land is 50%%, which is nearly 4% above the
average
for the corresponding week
during the last decade,
and has been only twice exceeded (in 1908 and
1904)
in recent years. The total reserve is the
largest held
some
a
increase in
at this
season
since 1904, while the amount of bullion
hand is greater than in any year since
then, with the
sole exception of 1908. Furthermore, loans are smaller
on
than
they
in 1907, 1906 and 1905. Had it not
foreign demands for gold, a 3%%
minimum rate would probably have sufficed at this
juncture, notwithstanding the advance in private
discounts; for it will be recalled that earlier in Septem¬
ber the private rate went
materially above the official
quotation without influencing the Governors to act.
There is no abnormal Stock
Exchange speculation in
London; the British Treasury, after a long period of
unsettlement, is now strongly situated; the flotation of
new
capital issues has fallen off very radically, and
although trade is on an enormous scale, mercantile
borrowing has not been excessive. Until this week
call money ruled in the
neighborhood of 1%, while
at Wednesday's settlement the
contango on American
stocks was only 3%%The pressure of the last two
days should be regarded as purely incidental to the
were
been for the constant
October 1st settlements.
drain upon London's
But the outlook is that the
supply of gold will continue on a
The shrinkage in bullion during
the Bank week reached
$8,700,000, and since then
Egypt and Turkey have taken $1,500,000, while
smaller shipments have been made to other
countries.
Moreover, Egypt is understood to be negotiating for
pretty large scale.
additional
or no
sums
of
greater size, and there is little
sight in the Continental require¬
On Monday last the whole of the
$4,500,000
even
abatement in
advance their rates at this
season, and the figures ments.
named this week are by no means excessive. As we new South African bars
available went
have explained in previous
Channel, and it is
across
the
issues,
prosperous trade
questionable if the 4% Bank rate
keen demand for
will
serve to
keep next week's offering at home. How¬
money in Germany
throughout the summer, while the engagements of ever, let it be again emphasized that the Bank of
Eng¬
gold by various countries in London has militated land is unusually well fortified this
has entailed
a
autumn, and there
of the Bank of England's is scant likelihood of reckless speculation breaking out
metallic reserve. But even
so, the position is not in Wall Street to complicate matters after the fashion
of last October.
unusually weak either at Berlin or London.
against the building
up
832
THE CHRONICLE
In the United States there has been
ties for enabling banks to determine
a
National Association of Credit Men
lack of facili¬
the credit and
borrowing of those offering
commercial paper for discount.
The mercantile cus¬
tomer in other countries is usually restricted to oper¬
ating through his own bank, or at all events his paper
would not be accepted by a third party unless properly
endorsed by some one of responsibility in addition
to the original drawer.
These safeguards naturally
tend to prevent fraud. Their lack has left room for
imposition in this country, although it is only fair to
remark that, considering the looseness of the methods
employed, there has been wonderfully little abuse
on the
part of the American manufacturer or merchant;
indeed, commercial paper never held a higher place
one
or
extended lines of credit” to other
or
The project has been conceived in
and
persons
directors.
a
laudable spirit
its most
awkward
drawbacks.
While
we
on
a
serious scale
Germany.
Trade in Great
never been more active than it is
to-day,
and ' consequently employment is very plentiful, as
the Board of Trade statistics show.
Unfortunately
labor, the moment it becomes prosperous, is apt to
assume an
independent, not to say arrogant, attitude,
as American
employers learned during the feverish
prosperity wThich preceded the 1907 panic. It will be
remembered that the British railroads recently had
differences with their men, but these disputes were set¬
tled before they became general.
Later, thousands
of coal miners in Wales suddenly went on strike in
contravention of the union’s agreement with the mineowners, and on being refused the support of their or¬
ganization they returned to work; but there were inti¬
mations that as soon as the necessary notice expired,
a strike wrould be inaugurated.
At pre;ent 12,000
Britain has
is believed that the collaboration of the data thus
firms than officers
of
Labor troubles have broken out
both in England and in
obtaining undue amounts of credit from national
banks, the Comptroller of the Currency has decided
to establish in Washington a credit bureau, which
will keep elaborate records, supplied by the bank
examiners, of the paper carried by all the banks. It
“Large
more
portance.
from
or
and
Comptroller’s plan may not accom¬
plish all that he hopes, we cannot but feel that
the keen interest aroused throughout the
country
will make for beneficial results of
far-reaching im¬
bank asset than it does at this moment. To
enhance its safety, and especially to prevent drawers
List of “outside or foreign paper” of borrowers
whose principal headquarters or place of business is
outside of their districts.
“Doubtful or questionable paper” in which officers
or directors are interested.
“Doubtful or questionable paper” of other persons
or firms than officers or directors.
“Large or extended lines of credit” in which officers
or directors are interested.
are more
fear that the
a
provided will enable the Washington authorities to
detect over-extension in any part of the country,
whereas under the present haphazard system no
effective check can be applied upon operations carried
on in different States.
In several important districts,
including New York, Chicago and Philadelphia, the
examiners have already organized local credit bu¬
reaus, which are declared to have served a useful,
though limited, purpose; that is to say, excessive bor¬
rowing could be scrutinized within the district covered
by the bureau, but no trace was available of what
was being done elsewhere.
The new scheme aspires
to cover the whole country.
The reports forwarded
to the central bureau in Washington will deal par¬
ticularly with the following matters:
lxxxxi.
insisting upon the use of uniform “forms” to be filled
up by prospective borrowers, and that there is a
general tendency to raise the whole commercial paper
business to a safer level.
By and by the use of en¬
dorsements will no doubt engage more attention. The
immobility of the great bulk of American commercial
paper is regarded, especially by European bankers, as
ascertain the extent of the
as
[Yol.
*
Cambrian miners
are
not at work.
Besides
this, Lancashire (Eng.) faces to-day the
possibility of a lockout in its most important industry
(cotton manufacturing) that threatens to be of farreaching effect if not speedily terminated. The
trouble had its inception in a local strike at the Fern
Mill at Oldham, which was precipitated on June 15 by
the discharge of a grinder in the card room whose work
was found to be unsatisfactory.
Efforts to reach an
amicable adjustment were begun in July, but with no
apparent measure of success until late in September,
when, after the employers had decided to enforce a
general lockout unless the dispute was settled, the
operatives decided to submit for arbitration the
questions at issue. This, it was believed, would mean
a settlement of the difficulty, but on Tuesday last
the hands refused to accept arbitration on the terms
ambitious lines. But we cannot suppress
complete efficacy in stamping out proposed by the Federation of Master Cotton Spinners.
fraud where the desire to be deceitful exists.
Honesty The Federation, therefore, having decided that they
cannot be instilled into men’s hearts by legislation. can make no further concessions, announce that the
However, the knowledge that such a scheme as that lockout, which will involve some 150,000 operatives,
proposed will facilitate detection may act in certain must become effective unless the employees yield.
instances as a deterrent to fraudulent operations. The lockout is scheduled to begin on Monday, but
We say “facilitate detection,” because obviously the hopes were entertained, according to yesterday’s early
wary borrower could easily transfer part of his activi¬ cable advices, that the difficulty would be adjusted.
ties to State banks, trust companies or other instil Portions of the letter of the Secretary of the Cardroom
tutions not under the supervision of the national bank Amalgamation to the employers were interpreted as
examiners.; There is^ obviously room for more co¬ leaving room for a last-minute settlement, and it was
hesion among the different State Bank Superinten¬ reported that a representative of the Board of Trade
dents and for co-operation with the Federal authori¬ of London had gone to Manchester to make the at¬
ties—*as, for, example,., in issuing simultaneous calls tempt. The Board of Trade representative succeeded
for statements, of condition.Vli It may be mentioned in bringing about a conference between the masters
in passing that the ? American Bankers’
Association/ and the workmen, but late cables report that it ended
the New York State;^Bankers’. Association and the without any settlement being reached.
a
on
very
doubt
as
to its
J
: '
•
*i7•': i
■
"
i
(M
■}[>
•
•„> >t:tr
-\
«
< •
•
Got.
11910.]
THE CHRONICLE
The German
shipbuilding industry has been vir¬
standstill for six weeks, owing to the gen¬
tually at
a
eral lockout which followed strikes in Berlin.
Now
the Metal
Working Employers’ Organization has voted
organized workmen in the trade on
unless the striking shipbuilders return to work
to lock out the
Oct. 8
before that date.
The metal workers have been
con¬
tributing to the support of the strikers,and the course
now proposed is calculated to reduce the resources of
the idle shipbuilders.
The threatened lockout would,
the employers state, involve 300,000 workmen.
Lit¬
tle rioting among the German shipbuilders has been
reported, but considerable bloodshed has attended a
small strike among coal laborers in Berlin. Although
only a comparatively few persons were concerned in
the strike, great violence was resorted to, not only by
the strikers but by women and others resident in the
neighborhood. When the police interfered, they were
viciously attacked with all sorts of weapons, and fires
were started.
The authorities gave orders that riot¬
ing must be suppressed at any cost, and the police
Charged the mobs with swords and pistols, with the re¬
sult that upwards of seventy persons were severely
wounded and hundreds
incident
was
the
more were
arrested.
A minor
wounding of the correspondents of
three New York newspapers, as well as the representa¬
tive of Reuteris Agency. After lasting for several nights,
the
rioting
stopped
on Wednesday
There would
833
apparently be little
for fearing
foothold in this country.
the Port of New York,
has made the following reassuring statement: “When
cholera appeared in St. Petersburg some months ago,
extra precautions were put in force at Quarantine, be¬
cause I felt it would invade
Italy and Western Europe,
and I have acted on this presumption long before there
was any record of cases outside of Russia.
Therefore,
the methods applied are not only exhaustive, in that
they include a thorough examination and inspection of
persons, but also bacteriological examinations in all
suspicious cases, and this applies particularly to all
vessels from Mediterranean ports and not to Italy
reason
that the scourge may gain a
Dr. Doty, Health Officer of
alone,
Any suspicious case on any vessel from Euro¬
pean ports is Heated by precisely the same methods
in order to exclude cholera.
I recognize that the great¬
est danger is through mild, unrecognized cases. Every
person who is ill, or who has been, is subjected to
this form of procedure.” ; :• AYew cases of suspected
cholera are reported from other towns in Italy (includ¬
ing RomeW but outside of that country not many dis¬
quieting developments are reported. The disease is
still raging in Russia, but not on the scale of a few weeks
ago.
Hungary is rigorously fighting the plague, with
apparently every prospect of stamping it out. In Tur¬
key quite a number of cases have broken out.
-
night, although
on
The Russian Technical Society’s (of St. Petersburg)
fol’owing evening.
In the United States the recession in general trade exhibition to demonstrate the
application of electricity
activity has had a sobering influence upon railroad and to railways, shortly to be held, would seem to be an
other employees, so that to-day there is no strike worth opportunity that should be availed of by American
discussing in any part of the country. In the steel manufacturers and inventors, especially as it is under
industry, in copper mining, in the coal fields and else¬ the patronage of the Russian Government, which has
where a goodly number of workmen have been paid invited the world at large to assist in the electrification
off on account of the slackening in demand, but there of its
railways. The exhibition was originally slated
are few indications that the dulness will become
to
very
open on August 28 and continue to November 28
serious. The volume of merchandise imported month 1910, but the dates have been changed to April 28
by month would suggest that mercantile interests look and June 28 1911, respectively, thus synchronizing it
forward to a revival in business rather than to a period with the celebration of the seventy-fifth
anniversary
of depression.
of the existence of railways in Russia, which the
Society will also celebrate.
The various signatories to the international sanitary
The exhibition, it is announced, will be divided into
conventions have been, somewhat tardily, officially sections showing (1) application of electricity to the
notified that cholera has broken out at Naples, and working of steam
railways, (2) application of electrical
dispatches from that city state that acute alarm pre¬ energy to train traction on main railway lines, on local
vails there, owing to the suddenness with which vic¬ railways, on tramways; and (3) the
application of
tims are dying, instances being quoted of deaths on the natural water power.
A special trial ground will be
street.
Many thousands of inhabitants have fled, and arranged on which all exhibits of electric railway
this exodus has increased the fears of infection at other motors will be thoroughly tested.
Reports to the
cities. The epidemic at Naples has apparently spread Russian Government in
regard to such exhibits as
very rapidly, and even the local authorities, who have are most prominent from the view point of public
all along practised mistaken secrecy, now admit that
utility and also those that most fully correspond with
deaths are occurring at the rate of from ten to twenty the aims of the exhibition will be made
by a com¬
daily. This latest outbreak is causing grave concern mission of experts. Especial stress is laid upon the
among shipping companies in Europe, as well as among importance of placing on exhibition anything new
the numerous lines that ply between the United States in connection with electrical
traction, particularly
and Italy. There are no fewer than sixteen separate electro-motors, monorail lines and the like.
lines carrying passengers between Naples and Genoa
and the port of New York; hence the greatest caution
The return of earnings of the Pennsylvania Railroad
is being exercised to prevent the emigration of infected for the month of
August is of the same character as
persons from these places, as well as from other ports, previous monthly exhibits, the chief feature being the
inasmuch as many of those who have left Naples are great increase in expenses. It is noticeable, tooj that
trying to secure passage from the points to which they the gains in gross earnings are no longer so large as
have fled.
In order to avoid all risk, steamers are; they were earlier in the year. 5 On the lines directly
now refusing to call at
Naples, and nearly all work at operated east of Pittsburgh and Erie there has been
the docks has been suspended.
an increase in gross of $933,400; but as this was atthere
were
was
skirmishes
the
834
tended
THE CHRONICLE
by
[VOL.
LXXXXI.
augmentation in expenses of $1,300,000, advance in private discounts, influenced the Bank to
a falling off of $366,600.
On the lines raise its minimum rate by 1%, to 4%. The weekly
west of Pittsburgh the showing is somewhat better, statement,
showing severe losses in reserve and bullion,
since there is no actual loss in net. Nevertheless a as well as expansion in
loans, was in line with expecta¬
tions.
gain of $1,063,400 in gross has yielded an. increase in
According to our special cable, the ratio of
net of no more than $97,400.
reserve
to liabilities fell from 53.36% last week to
For the combined lines
the result is that nearly two million dollars addition to 50.39% this week. The loss in total reserve amounted
gross ($1,996,800) is concurrent with $269,200 de-. to £2,066,082, of which £1,742,484 consisted of
crease in net.
Last year the combined lines had bullion.
Loans expanded £1,318,018 and circulation
$3,439,900 gain in gross and $1,058,600 gain in net. £324,024. There was an increase of £306,070 'in
In August 1908, however, there had been a shrinkage public deposits, but
private deposits fell off £1,097,of $5,890,900 in gross and of $1,532,000 in net. In 049. The Bank's stock of bullion has how decreased
the following we furnish a six-year comparison of the to £37,348,740. Our
correspondent further advises us
lines east of Pittsburgh, being the only portion of the that the loss was mainly due to
large exports, princi¬
system for which we have the data for such a com¬ pally to Egypt; there were also, however, fairly free
parison:
takings from the Bank for shipment to the interior
an
the net records
of Great Britain.
Lines East of
PUtsburgh.
1910.
1909.
1907.
1908.
1906.
1905.
The details of the movement into
and out of the Bank were as follows: Imports, nil;
August.
$ fc!
5
$
*
•Gross earnings 14,478,399 13,544,999 11,644,799 15,522,399
Oper. expenses 10,165,929 8,865,929
Net earnings
4,312,470
4,679,070
t
13,11*2,499 11,914,899 exports, £1,365,000 (of which £1,155,000 to Egypt,
7.546.129,10.321.729 8,271,429 7,471,429 £200,000 to Constantinople and £10,000 to Lisbon),
4,098,670
5,200,670
4,841,070
4,443,470
Jan. 1 to Aug.
31.
Gross earnings 108180613 96,603,813 86,950,013 100264,113 95,346,213 84,673,613
Oper. expenses
62,986,789 79,674,089 66,832,389 61,191,389
and
shipments of £377,000 net
to the interior of Great
Britain.
79,534,989(69,468,789
Net earnings
28,645,524j27,135.024
23,963,224 29,590,024
I
28,513,824^23,482.224
Developments in foreign discount markets are
foregoing paragraphs in this issue. At
London quotations, after having on Wednesday
touched 4% for bills to arrive, declined materially
after the announcement on Thursday that the Bank
of England rate had been advanced to 4%. The
range is now 3^g% for 60-day and 90-day spot bills
and 3% to 3%% for bills to arrive, with occasional
acceptances both lower and higher. At Paris the open
market rate has moved up % of 1%, to
2%%,
which, however, is still far enough below the Bank
rate to justify the deduction that the Bank of France
will not advance its charge, at least for the
present.
discussed in
The declaration of
5% official rate at Berlin on
Monday was followed by firmness in private discounts;
the rate there is now 4%% for both spot bills and bills
to arrive.
Amsterdam quotes 3%%, or only
of 1%
below the Bank rate. Increased tightness at Brussels
was signalized
by the raising of the Bank of Belgium
rate on Thursday from 3%% to
4J^%, although the
private rate there had been ruling at only 3%; it is
now 4%.
At Vienna bills are not negotiable under
3%%, against the official rate of 4%. During the
month that opens to-day other changes in
European
bank rates are not improbable,
although there is a
general disposition to regard the outlook as fairly
satisfactory provided no boom in speculation be stirred
up at London or other leading centres.
The Bank of
a
England did not
£900,000 gold offered in the
the Continent
open
secure
market
being allowed to take it
price, 77s. 9d.,
any
on
of the
Monday,
at the minimum
decline of J^d. from the previous
special cable from London quoted in
detail below shows, there were heavy shipments of
gold
to Egypt and Turkey
during the week covered by the
Bank statement. Moreover, it was known to the
Governors when they met on Thursday
morning that
other extensive demands for the
precious metal were
impending; as a matter of fact, on that day £200,000
was sent to Egypt,
£100,000 to Turkey and £30,000
to Argentina.
All this, combined with a very sharp
week.
As
our
a
From the monetary point of view the dulness in
Stock Exchange speculation must be regarded as the
of
regrettable. The surplus bank reserve, as
disclosed by last Saturday's statement, has fallen to
only one-third of what it was in August, and there is
every reason to believe that last week's actual surplus
of $17,576,225 has been still further reduced this
week.
Interest rates, it will not be learned with
astonishment, have advanced during the current week.
Call loans on Thursday touched 3% for the first time in
more than two months, while renewals were made at
2%%, the highest charge since the first week of July.
Time loans maturing before the close of 1910 were also
marked up, the charge for 60 days' accommodation
being now 4}4% and for 90 days 4J^%. This
firmness was brought about by a variety of causes.
In their operations with the Sub-Treasury the ClearingHouse banks have lost $9,913,000; as anticipated,
gold coin has been shipped to Canada, the amount
withdrawn being $1,400,000;
the cotton-growing
States have called upon New York for considerable
reverse
sums
been
and the outflow to Western States has likewise
factor, while of course preparations for to-day's
quarterly dividend and interest payments have necessi¬
tated the calling of many loans.
Incidentally, the in¬
quiry for remittances to Europe brought about an
advance in sterling exchange from a minimum of 4 86
(in the first half of September) to 4 86or, in other
words, from not very far above the gold-import level to
a basis that brought up the question of
gold exports,
although it should be added that heavier shipments
of cotton and grain are depended upon to bring the
rate down in the very near future; as a matter of fact,
below the week's maxi¬
sterling last night closed
The demand for time money has not been
mum.
excessive; indeed, borrowing has been quite light.
The output of commercial paper of prime quality
is still restricted through the lack of absorption
on
terms satisfactory to drawers.
A. good-many
institutions are merely providing funds for their'
own customers and not buying from brokers.
What
congestion there is, however, is confined chiefly
to paper of only ordinary quality.
Brokers who
accepted large lines some time ago have encountered
a
O0T. 1
THE CHRONICLE
1910.]
difficulty in securing buyers, with the consequence
that in certain cases higher than 6% has been offered in
order to stimulate business. Perhaps now that the
October 1st pressure has been taken care of, a larger
amount of money will be available for investment in
mercantile bills, especially as even the best names can
be purchased at 5%%, which is 1% above the rate
bid for time money.
The range for Stock
835
exchange does not appear to be in any way unreason¬
able. Judging from the offerings of “futures," heavy
shipments of commodities are contemplated. The
controversy over financing the cotton business done
with Britain is still
unsettled, but
an
arrangement is
believed to be assured before the current month
ends. Last night demand sterling fell to 4 86% and
cable transfers to be’ow 4 86%.
Exchange loans closes the week
Compared with Friday of last week, sterling ex¬
as follows: 60 days,
4%%; 90 days, 4%%; four,
change on Saturday was firmer for demand and cable
five and six months, 4%@,4%%.
Call money did
transfers; quotations were 4 8630@4 8635 and 4 8665
not go above 2% on Monday, but on
Tuesday 2%% @4 8670, respectively; while 60 days was quoted at
was quoted, on
Wednesday 2%%, on Thursday 3% 4 8360@4 8370. On Monday demand advanced to
and on Friday 3%.
The average ruling rate for the 4 8640@4 8650 and cable transfers to 4 8670@4 8675,
week has been 2%%.
Yes erday the maximum was with 60 days unchanged. Demand advanced to
3%, the minimum 2% and the final quotation 4 8665 @4 8670 on Tuesday and cables to 4 8695 @
2%
Commercial paper is quoted 5%@5%% for 4 87; 60 days was quoted 4 8360@4 8375. On
the choicest four to six months' single names, 6@634%
Wednesday cable transfers advanced to 4 87@4 8710,
for less attractive bills and 534 @ 5% % f°r 50 to 90 demand to 4 8665 @4 8675 and 60 days
to 4 8365@
4 8375.
The London fortnightly settlement being
days' endorsed bill ^ receivable.
over, demand declined on Thursday to 4 8655 @4 8665,
An abrupt rise in sterling exchange to the basis of cable transfers to 4 8695 @4 87 and 60 days to 4 8360
4 86%% for sight drafts and 4 8734% for cable trans¬ @4 8370. On Friday the downward movement be¬
fers in face of dearer money here and the sale of new came much more pronounced, rates fall ng about %c.
bonds to Europeans would have been illogical had
The following shows the daily posted rates for
it not occurred at the close of a quarter,! in the midst sterling exchange by some of the leading drawers.
of a London fortnightly settlement and during liqui¬
Tuts.,
Fri.,
Mon.,
Wed..
THurs., Fri..
dation of American stocks in our market. The week
has been crowded with incidents on both sides of the
■
Sept 23 Sept. 26 Sept. 27 Sept. 28 Sept. 29 Sept. 30
.
<
Atlantic, but after to-day (the 1st of the month) more
orderly movements in both exchange and money are
looked for. That discounts would advance abroad
was foreseen and discussed
by us last week. Mon¬
day brought
5% Bank rate in Berlin, Paris discounts
at once moved up, in London 4% was touched, and on
Thursday the Bank of England took the decisive step
of raising its minimum to 4%, the first change since
JuneD last. Meanwhile the regular Stock Exchange
settlement was in progress, entailing a demand for
sterling here, while preparations had also to be made
a
Brown
Bros. A Co
J60 days 4
-ISlgbt-. 4
Kidder,
J60 days,4
Peabody A Co.... .\Slght.. 4
Bank of British
J60 days 4
84 X
87
84 X
87
84 X
North America...
4 87
Bank of
J60 days 4 84
Montreal
.1 Sight.. 4 87
Canadian Bank
of Commerce
Heidelbach
J60 days 4 84 X
."1 Sight.. 4 87
J6Q days.4 84 X
Ickelhelmer & Co. .ISight.. 4
Lazard
160 days 4
Freres
.ISight-_ 14
Merchants’ Bank
J 60 days'4
of Canada
.ISight.. 4
The market closed
87
84 X
86 X
84 X
87
on
84 X
87
84 X
87
84 X
87
84
87
84 X
87
84 X
87
84 X
86 X
84 X
87
84 X
84 X
87
84 X
87
84 X
87
84 X
87
84 X
87
87.
84 X
87 X
84 X
84 X
87
84 X
87
84
87 X
’
87
84 X
87
84 X
87
84 X
87
84 X
87 X
84 X
87
87
84 X
84X
87
84
87 X
87
84 X
84 X
87 X
87
84X
87X
X
87
84 X
87
84 X
87
84
87 X
84 X
87 X
84 X
84
'
87 X
Friday at 4 8350@4 8360 for
60
days, 4 8635@4 8640 for demand and 4 8665 @
Commercial on banks was quoted
at 4 82% @4 83 and documents for payment 4 83%
for the October disbursements in the form of dividend
and coupon money on American securities held @4 83%. Cotton for payment ranged from 4 83@
4 83% and grain for payment from 4 83% @4 83%.
abroad. All this was supplemented, as an influence
upon
of
exchange, by moderate liquidation
over-sea
holders of
our
on
a
4
4
Counterbalancing factors were powerless to prevent
sharp advance in sterling until yesterday, when
there
to
the part
stocks.
i
was a
distinct reaction.
Call money
4 8675 for cables.
here went
3%, time
money was marked up, a considerable
amount of new and old bonds was purchased by
European bankers, the supply of grain and cotton bills
a few finance bills were drawn; yet the
bidding for remittance on Wednesday was so keen that
talk of possible gold exports was stirred
up. From
trustworthy sources it is learned that an extended
The
to
following gives the week's movement of m
and from the interior by the New York banks.
Week ending Sept. 30 1910.
Currency
86,418.000
Gold
Total gold and legal traders
Result with
increased and
short account had to be covered before the end of
Received by
Skipped by
AT. Y. Bdnk*. N. Y Bmk*.
Week
ney
Net Interior
Movement.
821,000
87,000.000 Boss
964,000 Loss
$582,000
143.000
97.239.000
97.964,900 Loss
$725,000
Sub-Treasury operations:
ending Sept. 30 1910.
Banks* interior movement,as above.
Sub-Treasury operations
Total gold and legal tenders....
Into
Bank*.
97.239,000
26,400.000
933,639.000
Out of
Banka.
Net Change
Bank
$7,964,000 Loss
36,800,000 Logs
*8
Holding* Jg
$725,000
10,400.000
844.794.000 1<QS8 $11,125,000
The following table indicates the amount of bullion
September, and certainly the action of the market
now suggests that the
squeeze has culminated. There in the principal European banks.
is less disposition to bid for future deliveries, sellers
Sept. 29 1910.
Sept. 301909.
are coming forward with
confidence, the dearer money Bank* of Gold.
Silver.
Total.
SHoer.
Gold.
Total.
abroad is expected to be offset by firmness at home,
£
£
£
October should (and no doubt will) bring a freer out¬ England.. 37,348.740
37.348.740 87336,058
37335.058
France
134318320 33.780,620 168,598.840 145327,16C 36.0333201 81360,480
ward movement of grain and cotton, while merchandise Germany 37.817.600 14.280350 62397.850 33.426.45C 11,856360 45,482,800
Russia
146.389,000 734730(K 152336.000 131.884.000
7.789.000 139,673300
Aus.-Hun
56,638,000 12,605.000 68.043,000 67.452,000 12,442,000 69.924.000
imports are liable to fall off in view of quieter demand, Spain
16.339.000 31349.000 47,388.000 16,050300 91,621.000 47.671300
.
...
and the tourist movement is
now
inward.
Gold im¬
are more natural than gold exports during the
final quarter of the year, and although conditions are
unsettled on this occasion^ the: general expectation in
ports
banking circles of lower quotations for international
Italy
38.673,000
Neth’lands 10.066.000
6,374.667
NatBelg..
Sweden
4,448.000
Swtti’land
6332.000
Norway.
1,978,000
...
..
3.425.000 42,098,000 38.386,000
1,867.700 11,932.700 10.526.000
4.256.000
2.687.333 8,062.000
4,448.000 4383.000
6,232,000 4.970300
1.978.000
1.696.000
,
4.400.000 42,786,000
3.099300 13326300
2.128,000 6384,000
4383,000
4,970.000
1,695,000
Total week 494.021327 106,841,903600,863.136 485.820.668109369.470 695.190.138
Prev. week 496.081.061 107.668303,603.639.264 494.616.42f
HI338,655
110.622,13aj(M)5
\
836
THE CHRONICLE
A NEW IMPEDIMENT TO OBTAINING
The financial world has become used to the conten¬
tion that railway and other
public service corporation
shares ought not to be sold at less than their par value,
whatever may be the risk involved in the investment,
however
imperative the industrial need for the facili¬
supplied, or however weak the market for
securities. But the recent hearing at Chicago,
ties to be
such
before
member of the Inter-State Commerce Com¬
a
suddenly dumping
new
upon
the market
a
LXXXX1.
large volume of
shares.
So far
CAPITAL.
[Yol.
the shareholders
as
concerned, the plan is
perfectly fair one, for each has the same opportunity
to take
advantage of the “rights” offered, and when
they are really valuable, even the shareholder who
lacks the funds to take
up the new shares never has
any difficulty in realizing the full market value of his
opportunity. As to the general public, which has, as
the courts have declared, “an interest
in the use” of
the property
employed by public service corporations,
its interest is fully protected
by obtaining the added
or
improved facilities needed, and this is guaranteed
by the sale of the shares at par. The extent of the
are
a
mission, concerning the proposed railway rate changes
developed a new plan for interfering with the
effort to obtain capital for the improvement and ex¬
concession below the current market which can
tension of existing railway properties.
wisely
be
made in any particular instance of resort to this
At this hearing the Commission’s
attorney, who,
by the way, is now and has been for over twenty years approved method of financing is, of course, a question
to be decided in the
an
light of the special conditions
employee of the Commission and doubtless acquired
his views concerning railway economics under the existing in that case, and the decision must, in the
tutelage of one or more of its members, seems to have nature of things, be left to the managers and the
owners of the
taken the ground that an
property. They are in the best possible
existing railway desiring to
situation to judge concerning the
raise more capital must offer its shares to the
capacity of the
general
market to absorb a new issue and the
public, provided they will bring more than par, and
ability and
obtain the last cent of premium for which
willingness
of the shareholders to participate in raising
they can be
new capital.
sold. The amount of this
suggestion is substantially
has
this:
If the shares
are
worth less than par
the share¬
holder must take them at par or suffer his interest to
be postponed beyond a further addition to
indebtedness
or
the
improvement
or
mortgage
extension must
made; while if the shares are worth more
or may be but slowly marketed, he must not
at
a
more
made to
to
take
them
at
moderate premium than
par
or
even
they might be
bring.
The occasion for this
suggestion was the discussion
of the capitalization of the Illinois Central
Railroad
Company, which, as every one knows, has been notably
during the last decade by selling shares at
increased
par which were worth somewhat more in the market.
In each instance, in the case of this
the
going into the property from the proceeds
of the new shares has
exactly equaled their par value
company,
amount
and
the
shareholders have also obtained valuable
“rights.” In other words, there has been, in each
case a
profit both for the shareholder making an
additional investment and to the
public
using the
new
be,
no
human
facilities, for what better proof of the public value
could there be than the fact that the
earnings upon
each new increment of
capital have been sufficient to
give to securities of a par value equal to the investment
a higher market value than their
par.
In the past
it has been regarded as evidence of
corporate strength when it has been possible to provide
for new capital requirements without recourse
to the
bond market and by means of a direct
appeal to
shareholders. An efficient means of
maintaining the
credit necessary to permit this has been
through
offering to shareholders, in connection with new capital
Resort
to the bond
,
be, in each case,
if shares were to be issued, they would have
to be taken by an
underwriting syndicate or thrown
upon the public market.
If the former plan were
adopted, it is not evident that it would have any
advantage over the offer to shareholders, for the
function of the latter is really very similar to that of
underwriters; while if the shares were thrown on the
market, no one could tell how far they would depress
the price or how long it would take before their
pro¬
or
ceeds could be obtained and covered into the
railway
treasuiy.
We have ho information
on
as
to the line of
which the Commission’s attorney
reasoning
bases his attack
the financing' adopted by the Illinois Central
during recent years; nor is it particularly important
The chief significance of the incident, as it seems to
us,
is in the evidence which it affords of the
growing habit
of criticising every step in corporate methods and of
favoring restrictions upon those methods at every
point. Is nothing to be left to the judgment and dis¬
cretion of those who have spent their lives in the
study
and practice of industrial management? Is the finan¬
cial and operating management of a great
railway or
other public service corporation neither a trade nor a
profession that it is so confidently supposed that any
politician or Government employee can step in, and
without previous experience or training,
criticise,
revise and correct the methods of those who, whatever
their faults, have at least served a legitimate
appren¬
ticeship in their calling?
These are not academic questions.
They have
become of immediate, pressing and vital
impor¬
tance, for the regulators and the legislators are very
rapidly proceeding in accordance with their own
It is time that these
very evident answer to them.
questions and their application were very plainly
upon
issues; an opportunity to add to the income" from
their holdings in the form of
“rights” to subscribe to
the new issues at
prices which would give such “rights”
a substantial value.
And this expedient has not
only
strengthened the market for the shares actually out¬
standing but it has protected them against the de¬
pression in values which would arise through placing submitted
ahead of them further
mortgage indebtedness or people.
being could predict the result.
would then have to
than market;
not be
par,
be
allowed
But if this method had to be
abandoned, as the
Commission’s attorney evidently thinks it should
.
to
the, sober judgment of the American
.
v,..
,.;f.
THE CHRONICLE
Oot. 1 1910,,
837
from the so-called outside
Unfortunately the result of this great increase in
transportation service rendered has been
absolutely nil as far as any addition to net earnings is
operations increased some¬
what, and of course taxes also increased further (the
addition being over a quarter of a million dollars), and
as a consequence
operating net income for 1909-10
was only $18,985,612, against $20,056,693 for 1908-09.
Rental payments were heavier and the half year’s div¬
idend on the 30^ million dollars of new stock increased
the dividend requirements by over a million dollars.
The final result, therefore, is a balance of income over
the dividends for the twelve months of 1909-10 of only
$2,466,459, against a similar surplus on the income
of 1908-09 of $5,170,710.
The cause of the rise in operating cost appears in
the details of the expense accounts. The bulk of the
increase went to labor. Out of total operating expen¬
ses of $52,153,619, no less than $30,150,911 was paid
for labor. This compares with only $24,808,750 paid
for labor during the preceding fiscal year, being an in¬
crease of $5,342,161.
The report tells us that $738,751
of the increase was due to higher rates of compensation
and $4,603,410 followed from the addition to the
number of employees. The augmentation in total
expenses was $8,962,380, of which, therefore, $5,342,-
concerned.
161 went to labor.
&
THE CHICAGO
AND THE
The annual
NORTH
WESTERN REPORT
RISE IN OPERATING COST.
report of the Chicago & North Western
Railway Co. (for the fiscal year ending June 30 1910)
furnishes, perhaps, the most forcible illustration we
have yet had of the great rise in the operating expenses
of United States railroads.
Here is
one
of the best-
administered railroad
properties in the country, which
has always been kept in a high state of efficiency, and
whose management has never pursued anything but
a conservative and far-seeing course.
Furthermore,
the lines of the system run through the most thriving
parts of the West, and hence it has been able to share in
the wonderful growth of business in that part of the
country arising from the expansion in population
and the increase in wealth and general prosperity.
As a result there was during the late twelve months
a striking addition to the traffic and gross revenues
of the
system.
the volume of
in net.
not
In fact there has been
an
actual decrease
In other words, the extra business done has
beep productive of any
addition to profits, in
particular the company finds itself poorer off
in the twelve months preceding, when the volume
which
than
of traffic
less.
Moreover, the company put out
$30,502,800 of new common stock in order to obtain the
necessary funds for building extensions, for providing
additional equipment and for enlarging and improving
the property generally.
With net earnings cut down
by reason of the increase in operating cost, a half year’s
dividend had to be earned on this extra 30)^ million
was
dollars of stock.
In
>
Besides the increase in the amount
paid for labor,
very considerable increases also occurred in the cost
of fuel and in the sums paid for supplies and other
items. That appears more clearly when the expenses
are grouped in the usual manner.
In this way it is
found that $5,010,491
of the total increase in ex¬
penses was in thecost of conducting transportation.
The latter increase m turn followed from $2,884,666
increase in the amount paid for labor, $1,694,123
in the sum paid for fuel for locomotive engines
and $431,702 in
the amount paid for supplies
and miscellaneous items.
It
is proper to say
that some special circumstances tended to add
to operating
expense under this head.
The re¬
port points out that the cost of locomotive fuel
was materially added to by the severe weather condi¬
tions of the winter, resulting in transportation irreg¬
ularities which prevented the delivery to the road
general discussion of the need of higher rates
by the railroads, this feature of the increase in out¬
standing capital obligations is almost completely lost
sight of- In the hearings now under way before the
Inter-State Commerce Commission very little has been
made of that point thus far.
It is generally assumed
that, under the further augmentation in expenses at the usual receiving points of an adequate and
which is certain to come as a consequence of the reliable supply of fuel from the company’s coal fields in
advances in wages made during the last few months, Southern Illinois and also made necessary the purchase
net earnings up to those of the past year would have of a considerable tonnage in the open market.
Then,
to be regarded as adequate to all requirements.
But too, the prolonged suspension of mining operations in
this does not take into account the increase in stock the bituminous coal fields of Illinois and Iowa during
and debt incurred by all large systems in the endeavor the latter part of the fiscal year, also entered as a
to provide additional facilities to take care of the factor into the increased cost of fuel.
constant growth in the volume of business.
The maintenance outlays were larger by about 3%
To make
an equally good
showing in the final surplus, or bal-; million dollars than in the preceding year, the addition
ance, after providing for interest and fixed charges, it ; under the head of maintenance of way and structures
will be necessary to earn not merely the same net, buV * being $2,352,073 and that under maintenance of
a
considerably increased amount. The experience equipment $1,303,248. A larger amount of rails?was
of the Ghicago & North Western affords confirmation; used in renewals than in the previous year
and a larger
of the truth of the statement, for,whereas this company ; number of ties was laid; but the increase in expenses
had only $122,013,959 stock outstanding (common] was not under these heads. ; In fact both items ;of
and preferred) at the close of the previous fiscal year, \ expense show a reduction as far as money
payment is
on June 30 1910 the amount stood at
concerned.
The
of
bulk
the
increase
$152,516,609,]
here, as in the
being an increase for the twelve months of almost 25%. j other cases, was in the additional expenditure for.labor.
As compared with the year preceding gross earnings! For instance, “roadway and track labor and other ex¬
of the Ghicago & North Western Ry. increased from! penses” involved an outlay in 1909-10 of $5,035,626, as
$65,978,471 to $74,175,684, but net earnings were] against only $3,586,929 in the preceding, fiscal year.
reduced from $22,787,231 to $22,022,065. This is! As for the smaller increases in the numerous other
due to the fact that the’ ratio of expenses to gross! items grouped under the maintenance accounts, it
earnings ran up from 65.46% to 70.31%. The deficit^ need hardly be said that the expansion in the volume
a
838 ]
of business
THE CHRONICLE
necessarly
means
enlarged payments in
[Vol.
LXXXXI.
to
provide a large amount of additional mileage in the
way of extensions through these separate organiza¬
tions. Some of the additional mileage is
completed
and operations were begun July 1, but the greater
a liberal scale—it is well to note that the ratio of
portion still remains to be constructed.
maintenance charges to total expenses does not differ
greatly for the two years, having been 38.20% for
THE IMMIGRATION ARRIVALS.
1909-10 and 37.67% for 1908-09.
Time was^when the Chicago & North Western man¬
Immigration statistics as officially announced by
agement made it a practice to set aside large amounts the Department of Commerce and Labor continue to
out of earnings for expe|iditures for new construction, indicate an
important influx of aliens into the United
improvements and permanent additions. The last States, even though the phenomenal movement of
specific appropriation of this kind was in the fiscal year 1907 (before the panic) is not very closely approxi¬
1905-06, and no less than $6,000,000 of surplus earnings mated. The latest bulletin—that for August 1910—
was in said year
applied in that way. Since then the issued on Wednesday, shows that during the month
conditions
h&veyiot been such as to admit of similar the arrivals of aliens through all ports of the country
large appropriations, and furthermore the Inter-State reached 78,574, a total moderately greater than that
Commerce Commission now frowns upon the policy for July and comparing with
59,777 in August 1909
of using surplus income for such purpose; the require¬ and
only 27,782 in 1908. In August 1907, however,
ment now is that the cost of all betterments and addi¬ the inflowT was
98,825. As regards the nationalities
tions must be charged to capital account. Accord¬ of these latest
comers, there is little new to be said,
ingly the North Western's annual report no longer the greater part of the arrivals being made up of Ital¬
shows this old-time item, which used to be a feature ians, Hebrews,
Poles, Germans, English, Greeks and
of the yearly income statement.
Scandinavians, with the first-named race predominat¬
Aside from the increase in expenses there are ing. ' For the
eight months of the calendar year 1910
other indications going to show a diminishing
the
profit
immigrant arrivals were 770,315, comparing with
from the transportation service.
For instance, while 660,118 for the corresponding period of 1909, and ap¬
freight revenues during the twelve months increased pearing very large when contrasted with the meagre
13.57%, the increase in the number of tons of freight total of only 248,008 in 1908. But in the eight months
carried was 19.96% and in the number moved one of 1907 no less than 939,909
persons were landed here
mile 14.37%. On the other hand, there was a and in 1906 the total was
840,287. In addition to the
decrease in the average revenue received per ton immigrant aliens, the
August 1910 arrivals include
mile, this having been 8.9 mills per ton per mile for 12,886 aliens returning from temporary sojourns
the latest year, against 9.00 mills the previous year.
abroad, a total slightly in excess of that for the period
As bearing upon the constant need for new
in
1909.
capital in
Combining these non-immigrant aliens with
the case of a large system like the Chicago &
the
North
immigrants, we have a total inflow for August
1910
of 91,460 and an eight months' aggregate of
Western—upon which new capital a road is certainly
entitled to earn a return—the construction
charges for 867,745, these comparing with 71,992 and 788,006,
the late year are found to have been no less than
respectively, in 1909, only 39,606 and 328,159 in 1908
and
$30,394,423. This, to be sure, includes $11,032,991
111,135 and 1,104,863 in 1307..
As
expended in previous years on account of the new
to the departures of steerage passengers, these
Chicago passenger terminal and which had for the time continue somewhat freer than in 1909, month by
being been carried in a separate account, but has now month, but much less than in either 1908 or 1907.
been transferred to construction account. But even The
August 1910 outflow was, in fact, about 35,000,
without the $11,000,000 referred to, the new
capital as compared with only 28,450 in the month of 1909
outlays, it will be seen, for this single period of twelve and over 40,000 in 1908 or 1907; and for the period
months were over $19,000,000. Altogether, almost since Jan. 1 in 1910 reached
253,567, against 199,880
$17,000,000 has been spent thus far on the new and 437,067 and 260,515 respectively, in the three pre¬
Chicago passenger terminal and large sums are being ceding years. Striking a balance between the im
expended every year for, track elevation at various ward and outward movements, we learn that, whereas
points, and more particularly in Chicago and Mil¬ in the eight months of the current year there was a
waukee.
net gain of 614,178, and the increase in 1909 reached
These last represent a type of expenditure for which 588,126, a decrease
of 112,861 was shown in 1908. In
new capital has to be raised all the
while, and yet from 1907, however, our foreign-born population during
which no immediate increase in revenue can be ex¬ these
eight months was swelled to the extent of 844,348.
pected. Of the $30,502,800 new stock issued during
The recent large augmentation in immigration from
the year, 19 1-3 million dollars went to meet the Northern
Europe has served to draw attention to a
construction outlays for the twelve months and feature of the movement that is but
rarely commented
$7,560,000 went to meet maturing outstanding bonds upon—we refer to the occupations as declared by those
of the company, besides which
$136,000 bonds were arriving. In earlier years no systematic attempt was
redeemed through sinking fund payments. The made
by the immigration authorities to segregate the
company is also making large advances from year to arrivals by occupations, but for the period from July 1
all these different ways. As indicating that no more
than usual was charged to the maintenance accounts—
which on the North Western have always been on
...
,
what are known as the “proprietary railways,"
and the balance sheet for June 30 1910 shows
$15,877,949 advanced to
year to
1907 to June 30 1910 the details
available,
they should be of at least passing interest. The
are grouped under four heads, viz.:
results
proprietary, affiliated and controlled
professional,
companies for construction, equipment and better¬ skilled, miscellaneous and no occupation (the last in¬
ments up to the close of the fiscal
year.
If is planned cluding women and children) and there are seventy-
and
,
are
now
Oot. 1
six
1910.]
sub-divisions.
THE CHRONICLE
The
compilations include only
immigrant aliens, no attention being paid to the non¬
immigrant aliens; but as the departures of emigrant
aliens are also given, we are able to draw some fair
conclusions as to what lines of industry have profited
most by recent immigration.
It would seem, for in¬
stance, that in the fiscal year 1907-08 the arrivals of
skilled workmen exceeded departures by 85,839, and
that 138,844 farm laborers landed here, while only
5,703 sailed away. Of ordinary labor, however, the
outflow from the country exceeded the inflow by 133,618.
In the following year (1908-09) there were net
gains in all three, but quite small in ordinary labor.
It remained for 1909-10 to show very important addi¬
839
physical status has always been maintained in accord¬
with the best standards.
It is accordingly the
best type of railroads, and not decrepit
properties, that
have been brought to the present pass.
ance
Nor has there been any
pany’s business.
lack of growth in the
com¬
The total of the gross earnings has
been steadily rising for many years,
except in periods
of trade prostration, and the amount for the late
year,
at $62,430,061, is the best in the
company’s history.
The only trouble is that recently expenses have been
rising faster than the gains in gross receipts. The
accounts for the late year furnish
convincing proof
of this.
Gross earnings moved
up
$5,284,549,
being an increase of over 9%, but expenses increased
tions to the forces in the directions where aid is most no less than $5,712,928,
or over 14%; at the same
needed—in factories and on farms.
For that year it time taxes increased $247,930, and as a
consequence
appears the arrivals of skilled hands totaled 138,570, of the two the net income was reduced in amount
against departures of 21,574, or a net gain of 116,998; of $676,308. In other words, while gross receipts
of farm laborers there came in 288,745, and only 3,082
expanded in the sum of o}i million dollars, the com¬
went away, and the army of unskilled labor was
aug¬ pany finds itself 5% poorer off in net.
The showing
mented by 124,907.
With such a showing it is not as to gross earnings is the more noteworthy as the
surprising that there should be less complaint of lack road suffered from the coal strike in the bituminous
of hands in shop and on farms. At the same time, in
regions of Indiana and Illinois, this reducing greatly
agricultural districts the desire for immigration is not the volume of its coal tonnage. On April 1 the
yet allayed. In fact, in Louisiana hopeful expecta¬ miners in Illinois, Indiana and part of Kentucky went
tions are entertained of getting immigrants there with out on
strike, and thereafter to the end of the fiscal
the completion of the station at New Orleans.
The year, and even up to the present time, very little
Appraiser of the port of New Orleans called attention coal has been shipped from the Illinois mines, from
this week to thousands of acres of land in Louisiana which the Illinois Central derives its
principal coal
available for cultivation by desirable immigrants, traffic. In Indiana the mines resumed
operations on
and, repudiating the statement that Southern people May 5, but the Illinois Central handles compara¬
are unfriendly to the
foreigner, he voiced their willing¬ tively little tonnage from the mines in that State.
ness to sell him land and be
Of the total freight earnings of the year only $5,876,784
generally helpful to 1 im.
was derived from coal traffic,
showing a decrease from
THE ILLINOIS CENTRAL REPORT.
the previous year of 16.70%.
Notwithstanding the
The annual report of the Illinois Central Railroad loss in this item, however, aggregate freight
earnings
Co., even more than that of the Chicago & North increased $2,773,861, or 7.70%, reflecting large growth
Western Ry.—both being representative railroad outside of coal.
At the same time the passenger
properties of the highest type—affords striking testi¬ earnings increased $1,015,654■ or 9.35%.
What served to nullify the expansion in the volume
mony to the small margin of earnings above fixed
charges and dividends at which United States railroads of business was, as already stated, the augmentation in
are
obliged to work under prevailing conditions. The expenses. Of the $5,960,857 increase in expenses for
Illinois Central’s gross revenues from operations in the year, $1,411,604 was in expenditures for mainten¬
the fiscal year under review were, roughly, 62^> ance of way and structures, $2,236,622 in
expenses for
million dollars—in exact figures $62,430,061. Yet maintenance of equipment, $1,116,969 in the cost of
the income statement shows that after providing for conducting transportation, and the remainder in other
expenses, for fixed charges and rents, and for 7% classes of expenditure.
As maintenance outlays show
dividends on the outstanding stock, there was left a much larger increases, both
proportionately and
balance of income on the operations of the twelve absolutely, than the transportation expenses, it would
months in the relatively insignificant sum of $182,478. seem as if unusual amounts had been
spent in that
It is true that—this a study of the report makes clear way.
In certain directions, evidently, these outlays
—there were some special adverse conditions during the were on a liberal scale, but it
by no means follows that
year, tending to swell the expense accounts, which are they were excessive.
One thing constantly overlooked
not likely to be repeated another year, but on the in discussions of maintenance
charges by the railroads is
other hand certain increases in wages counted in the the fact that the same circumstances and influences
results only during the closing months of the year, that tend to swell the
transportation expenses also
and in any event it will be admitted, we think, that serve to increase the maintenance
expenditures. A
the situation is a most trying one where, even under larger volume of business
obviously means more wear
temporary unfavorable circumstances, a road must and tear on rails, and also on rolling stock, and in fact
work on such a narrow margin of profit that on a on everything else; then also increases in
wages are
gross income of 62J^ million dollars it can show a not confined to the transportation departments but
surplus balance of less than 1-3 of 1%. The circum¬ extend to labor used in maintaining track and equip
stance might be devoid of significance if the property ment.
In like manner a rise in the price of materials
were of inferior character or had in the
past been in means an addition to the maintenance outlays—and
a chronic state of bankruptcy unable to make both
this irrespective of the volume of business.
For these
ends meet. But the Illinois Central has been a reasons it might easily happen that a rodd
might spend
dividend-paying property for generations and its a great deal more per mile of road or track, or per
840
THE CHRONICLE
locomotive and car, without there having been any
actual increase in the old scale of expenditures.
However there
twelve months
as
were some
a
additions
result of
an
added to in the late year, so that the
$2 03 per mile run in 1909-1910, as
during the late $1 97 the
done, and the report plainly points
out the fact.
an
trains earned
against only
decline in the
year
rate received per
addition of $322,392 occurred in
the cost of tie renewals. And yet even here the in¬
Thus
LXXXXI.
before, notwithstanding a
ton per mile. It is not generally
recognized that the Illinois Central gets very low
average rates—much lower than most other large
systems—for example, the New York Central. In
4909-10 the Illinois Central realized only 5.89 mills
per
ton mile, which compares with 5.96 mills in 1908-09.
Notwithstanding the achievements and accomplish¬
ments in all these various
directions, the ratio of
expenses to gross earnings for the late year was no less
than 75.47%, this comparing with
72.45% in the
previous year. It will be evident from what has been
said that the fact that the company had such a small
margin of earnings left above interest and dividend
requirements followed from no fault of management
but from causes beyond their control. It
represents
general conditions which should be modified and
absolute increase in
the amount of work
[VOL.
has followed not
merely as the result of a greater
replacements but also as a result of
an increase in the cost
per tie used.
The severity
of the winter likewise increased the outlays for main¬
tenance of way and structures; still the addition to
expenses on that account was less than might be
expected and constitutes only a small fraction of the
total increase in the amount spent upon maintenance
of way, &c.
In the late year the cost of removing
snow and ice was $186,493, as
against $40,988 in the
previous year, the addition, therefore, having been
$145,505. In the case of the charges for maintenance
of equipment we see how higher wages have combined ameliorated so that the railroads
may once more have
with an increase in the volume of business to augment a margin of income which will not leave them at the
the payments. Thus, in the expenditures for repairs mercy of every untoward
happening and development,
of locomotives the increase was $493,136, or 14.42%. and
adequate enough to maintain their credit and
The report tells us that this was caused (1) by the promote the confidence of investors in the
stability
greater number of locomotives receiving thorough and of railroad securities.
The financial operations of the company
general repairs; (2) by the higher rates of pay granted
during the
certain classes of employees effective during a portion year were
unimportant. There is a reference in the
of the year, and (3) by “the increased cost of
running report to the acts by which the company was defrauded
repairs, occasioned by locomotives, making 5.86% of considerable sums through excessive payments for
car repairs made at outside
greater mileage in handling the increased business.”
shops. No attempt is
The additions to the transportation
made
to
conceal
the
facts
and
the
expenses were
management deserve
relatively light, as we have already seen, amounting great credit for the vigorous way in which they have
to $1,116,968, or 6%.
The showing in this respect is proceeded against the guilty parties and have suc¬
really remarkable, bearing in mind the influences at ceeded in obtaining restitution. It is pointed out that
work, some special and some general, tending to in¬ the excessive cost of repairs to freight cars, which
crease this class of
expenditures. In the first place had increased steadily for several years, and particu¬
the volume of transportation service rendered was
larly the extremely heavy cost of repairs in the year
larger. In the number of tons of revenue freight under review, attracted attention; and a thorough in¬
carried one mile the increase was 8.88% and in the
vestigation was instituted in the early part of 1910.
number of revenue passengers carried one mile the in¬ The
aggregate amount involved, it would seem, has
crease was
9.91%. In the second place the extreme been greatly exaggerated in the daily papers. The im
severity of the winter resulted, it is stated, in a vestigation made has established that through the
congestion of traffic of considerable extent on the collusion of a number of the company’s trusted
northern and western lines of the system and a conse¬ officials and certain car
repair companies the company
quent increase in the cost of transporting the business. has been defrauded of an amount estimated at from
In the third place advances were made in the rates
$1,000,000 to $1,500,000. Settlements of the civil
of pay of certain classes of employees,
effective during suits against two of the car companies involved have
the months of February, April and
been made and the amount recovered credited to the
May. 6 1
That the addition to transportation
expenses was car repair account during the late year.
It is stated
relatively so slight in face of all these circumstances that the board of directors is determined to prosecute
shows the progress being made in
promoting operating criminally all persons engaged in the conspiracy.
efficiency. Evidence of this growth in efficiency is This is as it should be, and it deserves to be noted that
found in many directions.
For instance there was a from the first there has been no attempt to hide
slight increase in the average number of freight cars anything, while everything has been done to make it
run per train mile, and the
percentage of loaded car plain that acts of that kind will not and cannot be
mileage to total car mileage rose from 67.12% to condoned. In pursuing that course the Illinois
69.04%, while the per cent of empty car mileage was Central management are not only protecting their own
reduced from 29.32% to 27.42%.
The average company against a repetition of such occurrences, but
train-load for revenue freight was increased from 355
protecting other companies against the possibility
tons to 364 tons and the average for all
freight (includ¬ of similar occurrences.
ing that carried for the company’s own use) from 424
APPROPRIATING RAILROAD SURPLUS FOR TAXES.
tons to 431 tons.
Furthermore, notwithstanding the
Litchfield, Conn., September 26 1910.
growth in total expenses, the transportation expenses Editor “Financial Chronicle”:
crease
number of tie
•
•
•
$
ft
,
train mile/were reduced from 64.31c. to
64.21c., after having been reduced the previous year
per revenue
from 67.31c. to 64.31b. ' As a consequence
of the in¬
crease in the, train-load the
earnings
per
train mile
were
Dear Sir—Prof.
Henry C. Adams, in his extraordinary
statements on railroad valuation, shows to what point im¬
mersion in statistics cdn lead.
For him, men have evidently
become
units, and he proceeds to treat them as such.
“For myself, I cannot evade the conclusion that
mere
He says:
Oct. 11910. j
equity
THE CHRONICLE
between various classes of roads
as
of revenue over
limit be made a contribution to the public
this contribution be made as a substitute
kinds and all sorts.”
That such a plan,
tained until all the
excess
can never
be at¬
the Constitutional
treasury, and that
for all taxes of all
could it be put in
practice, would kill efficiency must be clear to all. It is not
necessary to enlarge upon the “Chronicle’s” remarks on the
subject. Even the avowed socialists of the day have in most
cases conceded that efficiency through human
agency is
only to be attained by making the reward bear some propor¬
tion to that efficiency.
Not so Prof. Adams, however, who
to consider the railroad
seems
in railroads
much machines
as
and those who
inver^
the locomotives that haul
men
as
the trains.
But the most
banks
depreciate, and not only would loss be brought on the
banks, but an element of disorder injected into the banking
system of the country which would require some legislative
device whereby the Government might restore the props it
was knocking down itself.
I should like to know how often Prof. Adams would have
The law as laid down by the U. S.
the valuation revised.
Supreme Court in the Consolidated Gas
that the
property,
and the franchises were estimated as property.
In matters
of taxation governments always reserve to themselves the
right to change their estimates of value, and unless a frequent
valuation were to take place, where would be the equity of
which Prof. Adams speaks?
And one of the cardinal rules
of equity,is that he who asks equity must do equity.
Yours truly,
return
was
to be
astounding thing about his attitude of mind
arrangement should be desirable in the name
of equity.
Under his plan there must be a valuation, of
course.
But men, being merely units, are not to be con¬
sidered, and the fact that one railroad has an organization
of high efficiency, not only in the operating department,
but in the obtaining of business, is not to be taken into ac¬
count, for he says that there should be a reasonable return
on the investment, and men are not investments
to-day. It
is, however, generally admitted that greater capacity is en¬
titled to greater reward.
The management of a road is
often condemned when one of its employees shows himself
careless or incapable, and is made to suffer therefor; is it not
to profit by its care in choosing efficient servants?
Or is
Prof. Adams entirely won over to the played-out, socialistic
for transfer this
doctrine that
compares
is that such
an
one man’s services are worth as much as an¬
Prof. Adams is willing to admit superiority and
other’s?
inferiority with respect to the railroads, however, for he says:
“This is the situation, and it is largely because of the fact
that inferior and superior railways are in competition for the
same
traffic that commissions and courts encounter serious
difficulties in
determining the reasonableness of a rate sub¬
specific case.” Prof. Adams is also opposed to
confiscation.
I quote again: “The owners of property de¬
voted to the public service are granted their Constitutional
rights, so far as rates are concerned, when it is shown that
the aggregate of charges for the aggregate of services ren¬
dered is adequate to afford a reasonable return upon neces¬
sary investment.”
“Now, such a statement, taken in connection with those
just quoted, can mean nothing more or less than the Gov¬
ernment's guaranty of that reasonable return he speaks of,
mitted in
a
for note the situation: if the Government takes in the fat
all the excess on the ground that the return is too large,
then, should the return in a lean year (by Government-fixed
rates) be too small to pay the reasonable interest rate, it is
year
confiscation.
place for
It
matters
period of
not
whether
confiscation
takes
ten years, it is confiscation.
And to avoid such a possibility, as the roads would not be
allowed to fortify their treasuries according to natural laws
in the good years, their “reasonable returns” would have to
be guaranteed.
Such a plan would no doubt be agreeable
to many of what Prof. Adams calls the “inferior roads,” as
he speaks of doing equity as between “various classes of
a
one year or
roads.”
But what of the public, that great public, in whose
behalf all this regulation is said to be desirable, and that
you can not fool all the time?
Will it relish having rates
raised,
a
so that the “inferior roads” that are not now earning
return on the money invested may do so?
Otherwise, it is
confiscation; for should the traffic improve on these roads,
so as to make even a
partial compensation for the bad period,
it is to go to the Government.
And it is hardly to be sup¬
posed that the Government would raise rates in such cases
only to the point of making income meet the necessary ex¬
penses and charges; for what would become of the Govern¬
mental rake-off to be taken in lieu of taxes?
Such
a
system would put railway securities in the class
with U. S. Government bonds.
What would be the result?
The railway securities would not only have the
guaranty
of the United
States, but also the property behind them,
841
on
case was
the present actual value of the
EDGAR R. DAWSON.
ITEMS ABOUT
BANES, BANKERS AND TRUST CO’S.
public sales of bank stocks this week aggregate 124
shares and were all made at the Stock Exchange.
No trust
company stocks were sold.
—The
Shares.
•85
BANKS—New York.
Commerce, Nat. Bank of
Low.
High. Close.
203
203
185 H
187
187
201 H
•39 Fourth National Bank
Last previous sale.
Sept. 1910— 201
Sept. 1910— 187
•Sold at the Stock Exchange.
—A New York Stock
—Next
annual
Exchange membership was posted
week, the consideration being $70,000, which,
with $66,000 the last preceding transaction.
Monday will witness the opening of the thirty-sixth
convention of the American
Bankers’
Association,
which takes
place in Los Angeles, the deliberations of the
Association proper and its auxiliary organizations con¬
tinuing throughout five days, up to and including Friday.
A large contingent of bankers from the East left
during the
week to attend the meeting, and the interest evidenced in it
is looked upon as an indication th^t a
greater attendance
than ever will be present at this year’s gathering.
The
programs of the regular convention, and the various sections,
have all been outlined in this department.
In the convention
proper the speakers will be Irving T. Bush of New York,
Chairman of the National Currency League; Dr. Benjamin
Ide Wheeler, President of the University of California; R. G.
Rhett, President of the People’s National Bank of Charleston,
S. C.; Theodore E. Burton, United States Senator from
Ohio and a member of the National Monetary Commis¬
sion; Frank B. Anderson, President of the Bank of Califor¬
nia, San Francisco, and Harold Remington, of New York.
The list of speakers on the program of the Trust Company
Section are Stuyvesant Fish of New York; William C.
Poillon, Vice-President of the Mercantile Trust Co., of New
York; William M. Baldwin, Assistant Treasurer of the
Citizens’ Savings & Trust Co. of Cleveland; Edgar Starke,
Trust Officer of the Union Savings Bank & Trust Co. of
Cincinnati; Isaac H. Orr, Trust Officer af the St. Louis
Union Trust Co. of St. Louis; F. J. Parsons, Vice-President
of the United States Mortgage & Trust Co. of New
York;
Dimner Beeber, President of the Commonwealth Title Insur¬
ance & Trust Co. of
Philadelphia, and Edw. O. Stanley,
Vice-President of the Title Guarantee & Trust Co. of New
York.
The proceedings of the convention in detail will be pub¬
lished as usual in our annual number, the Bankers’ Conven¬
tion Section, which will be issued Oct. 15.
In this
supple¬
special articles on Los Angeles
and San Francisco, one entitled “Historical
Summary
of Los Angeles and Los Angeles Banks,”
prepared by Stod¬
dard Jess, Vice-President of the First National Bank of that
city, and the other depicting the “Growth of Banking in
San Francisco since the Fire,” the writer in this instance
being James K. Lynch, Vice-President of the First National
ment
we
shall also have two
Bank of San Francisco.
,
■
..
—Further consideration
was- given to
the cotton-bill-ofonly the guaranty as lading problem by the English
and Continental bankers at a
security. The Government can at present borrow at, let
meeting on Thursday of this week, but no information with
us say, 3%; but suppose the amount of Government securi¬
regard to its results has been divulged. According to dis¬
ties in existence were multiplied by about 15, does any one
patches from Washington which appeared in the local daily
think that the interest rate would remain stationary; that
papers of the 26th ult., the Treasury Department has received
the Government could continue to get money at
any such advices that a committee of
European bankers will shortly
rate—in other words, maintain its credit at the present
visit this country to confer with the American interests on
point? ■ To suppose that would be to ignore the law of supply the question. Several weeks
ago ife was reported that Sir
and demand.
And as the interest rate rose, so would the
Edward H. Holden, Preside^ of the Lppdon City & Midland
present bonds that guarantee the circulation of the national Bank,
and Chairman of the
whereas
Government
bonds
have
Foreign Bankers’ Committee,
*
843
which is
THE CHRONICLE
opposed to the validation plan advocated by the
American bankers, had decided to come here and discuss the
points at issue. The “Journal of Commerce” of yesterday,
however, says it is officially denied that Sir Edward Holden
contemplates coming here for that purpose.
—The
representatives of the national banks of Albany
adjacent cities, who several weeks ago instituted steps
for the formation of a national currency association under
the provisions of the Aldrich-Vreeland Act, perfected the
organization of the same at a meeting on Monday, Sept. 26.
The new association has been designated the National Cur¬
rency Association of Albany, Rensselaer and Schenectady
counties, and its officers are as follows: President, Robert
C. Pruyn, President of the National Commercial Bank of Al¬
bany; Vice-President, J. S. Hawley, President of'the Na¬
tional State Bank of Troy, and Secretary and Treasurer,
Frederick A. Mead, President of the First National Bank of
Albany. The executive committee consists of Ledvard
Cogswell, President of the New York State National Bank of
Albany; Thomas Vail, President of the National City Bank
of Troy; W. T. Hanson, President of the Union National
Bank of Schenectady; John L. Newman, President of the
National Bank of Cohoes at Cohoes, and W. T. Gurley,
President of the Union National Bank of Troy.
and
—A currency
week.
As there
association
was
also formed in Detroit this
but four national banks in the
city, and
required to effect the establishment of a
national currency association, banks in the neighboring ter¬
ritory have joined with the Detroit banks in organizing the
new association.
It is styled the National Currency Asso¬
ciation of the City of Detroit and its membership includes
banks in Detroit, Saginaw, Lansing, Ypsilanti, Ann Arbor,
Bay City, Flint, Lapeer, Romeo and Port Huron. The of¬
ficers of the association are: President, John T. Shaw, VicePresident of the First National Bank of Detroit; Vice-Presi¬
dent, Alexander McPherson, President of the Old Detroit
National Bank, Detroit; and Secretary and Treasurer, Rich¬
ard P. Joy, President of the National Bank of Commerce,
no
less than ten
are
are
Detroit. The members of the executive committee are:
B. F. Davis, President of the City National Bank of Lansing;
George B. Morley, President of the Second National Bank of
[Voi».
LXXXXI.
trading in indemnities as formerly practiced was prohibited,
Appellate Court pronouncing
illegal. That resolution, however, was made
subject to further action. The Chicago “Tribune” reports
that the proposed method of
trading, which is to be substi¬
tuted for the old
indemnities, is an insurance proposition
pure and simple, and provides that before any one can
buy insurance he must have an insurable interest. In other
words, he must be long or short the same amount of grain
he intends purchasing insurance
for, and the extent of the
insurance is limited. Judge
Mack, who held that indemnity
contracts fell under the option ban and were
illegal, is said
in view of the decision of the
such trading
to have maintained that wherever there
was an insurable
interest it was legal to buy insurance for the same.
Working
this
basis, the “Tribune” say6, the proposed rule is sup¬
posed to be within the letter and spirit of the law in all
particulars.
on
—The Nashville
Clearing-House Association has decided
assign to the new of¬
keeping informed as to the financial status
to create the office of Examiner and to
ficer the work of
of the members of the association and to submit to the
Clear¬
ing House regular reports
on the condition of its members.
Thomas G. Garrett has been chosen to fill the new
post, and
he will also
serve as
Manager. The managership is at pres¬
by J. S. McHenry, Cashier of the Fourth National
Bank, but the growth of the business handled by the asso¬
ciation is deemed of sufficient warrant to
employ the services
of some one who can give his time
exclusively to the Clearing
House.
Mr. Garrett, who has been chosen to serve both as
Manager and Examiner, has resigned as Cashier of the Cum¬
berland Valley National Bank of Nashville, and will take
up
the duties of his new post about Nov. 1.
B. J. Alexander,
Assistant Cashier of the bank, will
probably succeed Mr.
Garrett in the cashiership.
—In instructions recently issued with
regard to the ex¬
aminations of savings bknks under his
jurisdiction, Bank
Commissioner Arthur B. Chapin of Massachusetts makes a
rule that no officer or employee
of a bank should be allowed
ent held
to assist in
an
examination without the approval of the
Commissioner.
—The announcement during the past week of the election
as Cashier of the New York
County National
of E. J. Stalker
Saginaw; H. G. Barnum, President of the First National Ex¬
change Bank of Port Huron, and James N. Wright, President Bank, at 14th St. and 8th Ave., this city, has created mis¬
apprehension in some circles as to the present personnel of
of the American Exchange National Bank of Detroit.
the executive staff of that bank.
James C. Brower, whom
—The establishment of a central credit bureau in Washing¬
Mr. Stalker succeeds in the
cashiership, has not, as errone¬
ton, where a record of unsecured lines of credit in excess of a
ously reported, severed his connection with the institution;
stipulated amount (of perhaps $5,000 and over) will be Mr. Brower had heretofore been
Vice-President and Cashier,
available, is planned by Comptroller of the Currency Law¬ and while
relinquishing some of the duties entailed in the
rence O. Murray.
The purpose of the new department, it is dual
offices, he continues as the bank’s active Vice-President.
reported, is to prevent corporations, firms and individuals Mr.
Stalker, the new Cashier, was Vice-President of the
from borrowing to the extent of their credit in their own
Union Bank of Brooklyn on its reorganization in 1908, and
cities, and continuing similar operations in other cities.
previous to that had been Cashier of the Chase National
According to the “Journal of Commerce,” Mr. Murray points Bank of this
city.
out that he has no intention, in the proposed step, of
inter¬
—Vacancies on the board of the Hungarian-American
fering with the activities of existing credit agencies, and
Bank of this city were filled on Sept. 23, with the election of
particularly draws attention to the fact that he does not plan
the following new members to the directorate:
Samuel S.
to organize the bureau for the use of the banks, but
solely for
Koenig, Secretary of the State of New York; C. M. Chester
the use of his examiners; so that it will be
possible to supply
Arnold
all the examiners with’whatever information each examiner Jr., Treasurer of Manning, Maxwell & Moore;
Somlyo,
the
Piano Works; Lloyd G.
Manager
of
Baldwin
may have individually in the matter.
It is stated that
McCrum, of McCrum & Howell, and Ben. Guggenheim.
Mr. Murray further announces that the Bureau will aim
only With the recent
change in control of the institution, P. R.
to furnish knowledge of general and long-continued lines of
G. Sjostrom became President, succeeding William E.
over-extended credit, so that examiners may be informed as
Holloway. It is the intention to increase the capital of the
to what paper is likely to be bad.
A committee of five na¬
bank in the near future from $200,000 to $1,000,000.
tional bank examiners has been appointed by Mr.
Murray to
—At a meeting on Tuesday the stockholders of the
work out the plan of organizing the Bureau.
Each of these
Oriental Bank of this city formally voted to dissolve the in¬
examiners, it is reported, already has in operation a bureau
showing the borrowings of firms or individuals in his own stitution." The bank closed its doors in January 1908, and
district, and Mr. Murray’s plan is to expand this system the claims of its depositors were paid in full several months
later by the Metropolitan Trust Co. under an arrangement
into a national one.—The withdrawal
from entry of approximately 70,382
acres of land in California and Colorado
by President Taft
was announced on the 21st
ult.
The California
lands,
approximating 1,327 acres, are situated along the East
Walker River, and are believed to be valuable for
power
The area in Colorado covers about, 69,055 acres
purposes.
of coal lands in the Glenwood
Springs land district which
were withdrawn to
permit the Geological Survey to classify
the grades of coal contained in them.
—An amendment to the rules of the
Chicago Board of
Trade under which trading in indemnities under certain
restrictions is authorized was adopted
by the members
on
September 12. Under action taken by the Board last June
which had been entered into with the latter for the immediate
payment of the bank’s depositors.
of the assets of the Oriental
were
Early last year certain
over by the Consoli¬
taken
dated National
Bank, the name of which has since been
changed to the National Reserve Bank.
—Cornelius N. Bliss Jr., of Bliss, Fabyan & Co., has
been elected to the directorate of the Fifth Avenue Bank
of this city.
—The offices of B. H. Scheftels &
Co,, dealers in mining
stocks, at 44 Broad Street, this city, were raided by United
States Government agents on Thursday, and seven persons
understood to be connected with the concern were placed
under arrest. The warrants, it is stated, charge conspiracy
to defraud, and misuse of the mails.
The offices of the
,
OCT. 1 1910.
concern
in
THE CHRONICLE
J
Boston,
Philadelphia,
Providence,
Chicago,
Milwaukee were raided simultaneously with
those in New York.
The New York Evening “Post" in
advices dated from Washington, published the following on
Detroit and
Thursday:
Department of Justice that the evidence In possession
H. Sheftels & Co. has
of questionable value,
the price of which Is alleged to have been Increased as a consequence
of exaggerated and fictitious statements made by persons Interested in
the company.
It is also charged that the firm has been operating bucketshops and reporting to customers so-called purchases and sales at other
It is said at the
of the Bureau of Investigation tends to show that B.
been engaged In promoting the sale of mining stocks
than the correct market
price.
number of Instances it is charged that money and stock belonging to
customers have been converted.
The evidence in the possession of the
In
a
Dapartment Is said to show that George Graham Rice, whose proper name Is
alleged to be Simon Jacob Herzig, and who Is said to be an ex-convict. Is
the man principally Interested In Scheftels & Co.
the State.
843
It contains 3,000
i
safe-deposit boxes and ten
chests.
The company was organized in 1907 as suceessof
to the Second National Bank of Jersey City.
—Richmond H. Ingersoll, former Treasurer of the York
County Savings Bank of Biddeford; Me., was placed under
on Sept
16th. The ex-Treasurer has been ill since the
suspension of the bank on Aug. 12, and he was arraigned in
arrest
his
.
own
home in view of
an
affidavit that his
life would be
endangered by his removal, and bail at $20,000 was fur¬
He is formally charged, it is stated, with the em¬
nished.
bezzlement of $3,300.
—William S. Scull has been elected Vice-President of the
Camden Safe Deposit & Trust Co. of ;Camden, N. J., suc¬
ceeding the late Benjamin C. Reeve.
—Action on the question of increasing the capital of the Re¬
Twenty-third Ward !
Bank, at 135th 8t. and 3d Ave., died on the 25th ult. Mr. public Trust Co. of Philadelphia from $200,000 to $300,000
Haffen had been a director of the bank since its organization will be taken by the stockholders at a meeting to be held on
and Vice-Pesident for the past fifteen years.
He was also Nov. 15. It is proposed to issue 2,000 new shares, the stock
President and founder of the Dollar Savings Bank, located having a par value of $50.
The institution began business
in January 1907.
in the Bronx. ’He was sixty-three years of age.
Dividends of 1% quarterly were inaugu¬
—The statement that the Greenpoint National Bank of rated in April last.
—John Haffen, Vice-President of the
Brooklyn Borough will defer its opening until the coining
year is credited to Andrew N. Peterson, one of the incor¬
porators of the institution, by the Brooklyn “Eagle.” The
charter of the bank was approved by the Comptroller of the
Currency on May 24. The officers, elected in June, are George
A. Morrison, President; James A. MeCafferty and George
H. Rowe, Vice-Presidents, and Walter Wilmurt, Cashier.
It was expected that the bank would begin business this fall.
It has been formed with $200,000 capital, and the selling
price of the stock was fixed at $155 per share, $50 being used
to create a surplus of $100,000 and $5 being applied to
furniture and fixtures.*
*
—The
deposits of the Nassau National Bank, one of
Brooklyn’s most representative banks, are now $8,937,120,
while total resources are $11,163,808.
The bank has con¬
tinued to make profitable additions to its deposits and sur¬
plus in the past few years, notwithstanding the unfavorable
banking situation in Brooklyn Borough which followed the
results of the 1907 panic.
Its earned surplus and profits
increased from $984,758 June 30 to $1,010,438 Sept. 1, after
the payment of the July 1 dividend.
Twelve per cent in
dividends are paid annually to the shareholders on its $750,-'
000 capital.
The officers of the Nassau National are all
Brooklyn men: Thomas T. Barr, President; Robert B. Wood¬
ward, Vice-President; Edgar McDonald, Second Vice-Presi¬
dent, and Daniel V. B. Hegeman, Cashier. The Assistant
Cashiers are G. Foster Smith and Henry P. Schoenberner.
—A certificate of incorporation for the Nassau County
Trust Co. of Mineola, L. I., has been filed with the Banking
Department. The institution is to have a capital of $100,000.
—Announcement
was
made
in
the Newark
“News” of
August 27 of the decision of State Bank Commissioner Vivian
M. Lewis to withhold, for the present at least, his approval
of the application for a charter for the proposed American
Trust Co. of Morristown, N. J.
In referring to the matter
Mr. Lewis is credited with stating that he had given due
consideration to every phase of the question that had been
brought to his attention, and that while he was^satisfied that
the incorporators of the projected company are men having
the respect and confidence of the people of Morristown, he
failed to find that there is any lack of banking facilities in
that community.
Mr. Lewis also expressed it as his opinion
that it was better that the demand for additional banking
facilities should come from within the community rather
than from outside sources.
In the present instance, the
“News” reports, he was forced to the conclusion that the
demand for the proposed company had its inception not
among the people of Morristown, but from outside interests,
and in the light of these facts he is said to have felt com¬
pelled to withhold his approval. The company is reported
to have been promoted by a New Yorker.
—The Union Trust Co. of Jersey City began
operations on
September 6 in its new location at Montgomery and Wash¬
ington streets, where it has erected a new building. The
site on which the structure stands was purchased by the
company early last year.
Its general banking offices are
located on the ground floor, the basement is utilized for
storage purposes, while provision is made on the second
floor for the directors’ room, and what is styled the “corpo¬
ration room,” which will be given over gratuitously by the
institution for meetings of New Jersey corporations.
The
vault in the main banking room is said to be the largest in
—The stockholders of the North
delphia, which
was
granted
a
Penn Bank of Phila¬
charter several weeks ago,
have elected the following directors:
H. E. Woodman,;
President of the Franklin/Frust Co. of Philadelphia; Charles
E. Starr, President of the People’s National Bank of West
Conshohoeken, Pa.; Louis S. Amonson, President of the
People’s National Fire Insurance Co.; Louis H. Michel,
James D. Winchell, Joseph Schlenz, J. Clark Moore Jr.,
S. J. Rieben, Thomas K. Ober, William Spratt, C. Addison
Harris Jr., John F. Fox, J. Hector McNeal, William T.
Gabell, William T. Shaffer and Jacob T. Schwartz. The
bank will locate in the vicinityjof 29th and Diamond streets.
It has been chartered with a capital of $50,000.
—“A
Century of the National Bank of the Northern
Liberties,” of Philadelphia, is the caption under which a
record of the institution’s development during the one
hundred years of its existence is presented in a neat clothbound volume of some fifty pages.
The opening paragraph
proffers an explanation as to the origin of the bank’s name,
which, it is noted, has caused considerable speculation. On
this point it is stated that “during the Civil War and after its
close inquiries were received from the bank from various
sections of the country as to its meaning and whether it
had any political bearing.” In answer, the author of the
work, Lemuel C. Simon, Cashier from 1898 to 1904, and
Cashier
now
"The
emeritus, says:
original city of Philadelphia,
■
*
' *
laid out by Its founder, William
Penn, extended from the Delaware to the Scuhylkill and from Vine Street
to Cedar, or South Street.
After the manner of the city of London, the
adjoining suburbs were called the ‘Liberties.’ That on the North received
the name of the Northern Liberties.
The portion from the Delaware to
Sixth Street and from Vine Street to Cohockslnk Creek, now Canal Street,
was Incorporated In 1803 as the District of the Northern Liberties.”
It
of
as
March 6 1810 that “the subscribers to the stock
bank to be located in the District of the Northern
was on
a
Liberties,” having paid
an installment of 10%, or $5, per
2,125 shares, amounting to $10,625, met at the
town hall and elected a board of directors.
At a meeting
of the latter on the following day, John Goodman, who was
President of the Board of^Commissioners of the District, was
elected President, andj|John
Barclay Treasurer. The
amount paid in, $10,625, was loaned out on commercial
paper
at a meeting of the board held on March 13.
On the 19th
of that month the Legislature passed an Act
prohibiting
unincorporated institutions from issuing bank notes, and as
this'was a most desirable, almost necessary, privilege, efforts
were made to procure a charter from the State.
The stock¬
holders of the bank, the citizens of the District, and others
doing business with its inhabitants, all presented memorials
to the Legislature asking for an Act of
incorporation. As
showing the need for banking facilities in the District, it is
recorded that “the population of the District was stated to
be 20,000, being two-fifths that of the city. The city had
five banks—United States, Pennsylvania, North
America,
Philadelphia and Farmers’ & Mechanics’. Many of the in¬
habitants were compelled to go two or more miles to reach
a bank.
These were all situated on or south of Chestnut
Street.
No director of any of the banks in existence lived
share
on
north of Vine Street.”
All kinds of inducements were
offered the State from time to time for a charter. An indi¬
cation of the opposition of the Legislature to banks in
general is furnished in the fact that although the banks in
Philadelphia strongly urged the renewal of the charter of the
Bank of the United States, the Legislature passed resolutions
844
THE CHRONICLE
requesting the Senators and Representatives in Congress to
vote against the renewal.
The Northern Liberties Bank
continued to hold its organization, and the directors met from
time to time to loan money and transact such business as
was brought before them, but it was not until May 9 1814
that the Act was passed conferring authority to charter some
thirty-seven banks throughout the State and giving the
much-desired privilege of issuing notes.
The charter of the Northern Liberties Bank provided that
the institution should be located above Pegg’s Run, the
Indian name of which was Cohoquinoke,.. now Willow Street,
until the stockholders should vote to change, but must
remain in the Northern Liberties.
The bank
time located at 323 North Second Street; in
at this
was
July 1814 a
meeting of the stockholders was called to change its site, and
by a vote of 713 to 2 it was agreed to locate south of Pegg’s
Run.
A dwelling at 73 Pine Street was purchased, and
continued to be the home of the bank until 1871.
bank got its charter the much-coveted privilege
bank notes
was
at
once
After the
of issuing
improved, and by November of that
$230,000 were in circulation. At this time (Nov. 7
1814) the bank’s statement showed, in addition to the notes
referred to, a capital stock of $250,000 and deposits of
$62,803. On May 1 1815 the'first dividend, 4%, was
year
•
declared.
The four years from 1819 to 1823 were, it is stated, “seri¬
ous” ones in the history of the institution.
Business fell off
and
a
defalcation
was
unearthed.
The stock of the bank
was
reduced by $100,000, and an installment
in making the capital $200,000.
The
l VOL. LXXXXI,
Securities.”
A complimentary copy of this little compen¬
dium of useful information regarding corporations whose se¬
curities are dealt in on the Pittsburgh Stock Exchange, with
complete record of sales and price ranges since the organiza¬
tion,of the Exchange, can be had on written application to
a
the bank.
The booklet includes
panies whose securities
are
numerous
not listed
on
Pittsburgh
com¬
the Exchange.
—Robinson & Orr of
Pittsburgh announce the death on
Sept. 9 of the senior member of their firm, John Franklin
Robinson.
v
—The
adoption of a system of independent audits by the
Savings Bank Co. of Cleveland, Ohio, is announced in
the “Leader” of that city.
The bank has engaged the
services of Ernst & Ernst, certified
public accountants, who
are authorized to undertake at
any time a partial or complete
audit of any branch of the
institution, and to make a com¬
plete audit of the bank as a whole periodically, but without
any previous notice being given.
The firm has also agreed
to make special investigations and
reports on any detail of the
bank’s affairs, upon request of its finance committee or board
of directors, thereby providing them with
any special or
general knowledge they may be desirous of acquiring.
—The position of Managing Director created in the
Commerce & Deposit Bank of Cincinnati last January, and
held by J. Willard Haley, has been abolished,and the
bank
will hereafter be conducted under the direct
supervision of
President William A. Hopkins.
Mr. Hopkins is quoted as
saying that “the change was brought about out of a desire
to act on the suggestion of the State Examiner to decrease
the expenses.
On that account we have done away with
the office and salary of Managing Director and the detail
of the business will be in the hands of T. M. Crowe,
Secretary
and Cashier.”
Mr. Haley had been President of the insti¬
tution at the time of its opening last year, but retired some
months ago, becoming Managing Director.
He will continue
as a director of the institution.
It was recently decided
to increase the capital from $25,000 to $50,000, and it is
Garfield
of $50,000 was called
bank showed strong
recuperative powers, and on Nov. 11 1823, after one year
of lapsing, dividends were resumed.
At that time a dividend
of 2% was declared, and the distributions have continued
regularly ever since. For many years the bank had as its
coat-of-arms a straw bee-hive surrounded by flying bees, in¬
dicative of activity and industry.
The idea was conceived
by some one of placing this upside down, presenting the
appearance of an old-fashioned whip or plug top, the principle
of which was, the harder it was whipped the better it would stated that the new stock will be issued at once.
Under
spin, and the bank received the soubriquet which it still re¬ the resolution approved by the stockholders, it is provided
tains of the “Old Plug Top,” and the author aptly remarks,
that the additional stock be pro rated among the
existing
“the harder the knocks it received, the firmer it stood.”
On stockholders, but it is intimated that an amendment will be
Oct. 20 1864 the institution was reorganized under the made to the resolution so as to
permit the disposal of the
National Banking Act, with a charter for twenty years, which new issue to outsiders.
has been twice extended.
Joseph Moore Jr., a son of a former
—John A. Miller of Mt. Sterling, Ohio, has been elected
President of the bank, was chosen as the head of the institu¬
Cashier of the City National Bank of Omaha, Neb.
He
tion in January 1890, and has since continued to direct its
succeeds W. S. Hiilis, who has been made Secretary and
affairs.
Since 1904 Edgar S. Kromer has been the Cashier
Treasurer of the bank.
Mr. Miller retires as President
and Frank M. Hardt has served
as
Assistant Cashier.
Since
its organization the bank has paid dividends of 1,2483^%,
amounting to $5,316,257. Its present capital is $500,000.
We might cite numerous instances where the bank, at
various critical periods, came to the assistance of both the
National and State Government.
One such instance
was
in
Aug. 1861, when the banks of New York, Boston and
Philadelphia had agreed to subscribe for $50,000,000 of the
of the United States.
The Bank of the Northern
Liberties took as its proportion $210,000 of the loan, and in
the following September took $210,000 of a second $50,000,-
loan
000 loan.
tion of
a
—The
Again, in Nov. 1861, it agreed to take its
propor¬
further $50,000,000 loan.
committee
of
five, representing the Maryland
Association, which will be called upon to inquire
into the question of interest on deposits and recommend
plans for the adoption of more uniform rates by the various
institutions of the State, has been named by Joshua W.
Miles,
of Princess Anne, President of the Bankers’ Association.
A
resolution authorizing the appointment of the committee
was adopted at the convention of the Association in June.
It will consist of the following:
Bankers’
To represent the national banks of the State, James C. Fenhagen, VicePresident and Cashier of the Maryland National Bank, Chairman of the
Committee.
To represent the State banks, Edward W. Mealey, of Hagerstown.
To represent the savings banks without capital, William M.
Hayden,
President of the Eutaw Savings Bank, Baltimore.
To represent the savings banks with capital, David Ft. Sloan, of the
Lonaconlng Savings Bank, of Lonaconlng.
To represent the trust companies, A. H. S. Post, Vice-President of the
Mercantile Trust & Deposit Co., Baltimore.
Sub-committees have also been named which will
co¬
operate with the principal committee in the matter.
—W. A. H. Church has replaced Frederick C. Stevens
President of the Commercial National Bank of
ton, D. C.
.
as
Washing¬
—The Mellon National Bank of Pittsburgh is distributing
the latest issue of its booklet, “Pittsburgh Stock
Exchange
c
of
the Citizens’ National Bank of Mt. Sterling.
He is a member
of the executive council of the Ohio Bankers’ Association.
—The State bank of J. F. Wild & Co., Indianapolis, is
distributing a handsome brochure, containing photo¬
graphs and general information with regard to its finelyappointed new bank building, at 123-125 East Market Street
,
in the heart of the financial district.
The interior of the
banking room is finished in English veined marble, bronze
and mahogany, with ornamented ceiling and tinted walls
to match, and for the completeness of its appointments and
the convenient transaction of banking business the new
quarters are among the finest in the State. J. F. Wild &
Co. were organized as a municipal banking house nineteen
years ago, while the State bank was incorporated five years
ago.
It does a general commercial and savings bank
business; also conducts a bond department and safe de¬
posit department.
—The Kokomo Trust Co. of
on
Kokomo, Ind., changed hands
September 15th, the transfer, it is intimated,having been
made for
a
consideration of $150,000.
The company has
a
capital of $50,000. The change in ownership, it is stated,
will not materially change either the policy of the institution
or its plan of operation, and it will continue under its
present
name and present office staff.
The officers are Fred. L.
Trees, President; W. E. Blacklidge, Vice-President; W. E.
Shollenberger, Secretary and Treasurer, and Leslie Springer,
Cashier.
The directorate will be changed to give representa¬
tion to the new interests, but some of the present members
will remain.
The new board is expected to be made up as
follows: George W. Charles, Stephen Tudor, A. V. Conradt, T. C. McReynolds, Isaac Wright, W. E. Blacklidge,
William H. Arnold, C. A. Dolman and Fred. L. Trees.
—Harrison B.
Riley, President of the Chicago Title &
Chicago, Ill., has been appointed a member of
Special Tax Commission by Gov. Deneen.,
*.v ,
Trust Co. of
the
Oct 11910. j
THE CHRONICLE
—The Marshall & Ilsley Bank of Milwaukee has secured
ninety-nine-year lease of property at 413-417 East Water
Street on which it proposes to erect a building for its sole
use.
While the plans with regard to the new structure are
not yet matured, the bank expects to expend about $150,000
or $200,000 in
the construction of its new home. The
work, however, will not begin until the expiration of the
present leases on the property. The bank is one of the
pioneer institutions of the Northwest. It had its inception
in 1847 when it was founded by the late Samuel Marshall
a
under the
of S. Marshall & Co.
Two years later the
changed to Marshall & Ilsley with the admission
of Charles F. Ilsley to the firm.
The bank has a capital of
$500,000 and deposits of over $8,000,000.
name
name was
—The Idaho State Bank at
Hailey, Idaho, closed its doors
Aug. 30, being placed in the hands of State Bank Exam¬
iner G. W. Cruse.
The suspension of the institution is re¬
ported to haye resulted from ill-advised loans and invest¬
ments.
Its affairs are said to be in a tangled condition, and
it is further stated that it will probably take some time to
straighten them out. The bank has a capital of $75,000;
its liabilities are given as almost $500,000.
—The transfer of the holdings of Jere S. Lillis in the
Western Exchange Bank of Kansas City to other members
of the Lillis family is reported in the Kansas City “Star” of
Sept. 20. Mr. Lillis personally held 450 shares of the bank’s
capital of $100,000; all but two of these shares have been
taken over by his family, the largest block of the stock (250
shares) having been transferred to the Missouri Lot Co., of
which his brother, J. R. Lillis, is President.
While Jere
S. Lillis, who is President of the bank, will, it is stated,
on
remain
its nominal head until the first of the year,
as
the
management will be in the hands of W. T. Johnson. Mr.
Johnson is at present Vice-President, but is expected to
succeed
to
the
presidency in January.
—J. S. Kennedy and James D. Leitner have become
Assistant Cashiers
of
the
Atlanta
of
the
Commercial
National
Bank
of
845
IMPORTS AND EXPORTS OF GOLD AND SILVER AT
SAN FRANCISCO.
The Collector of Customs at San Francisco has furnished us
this week with the details of the imports and exports of
gold
and silver through that port for the month of August, ana we
give them below in conjunction with the figures for preceding
months, thus completing the results for the eight months of
the year 1910.
The imports of gold in August were fair,
reaching $559,285, mainly gold coin. Of silver there came
in $200,786, largely bullion and ore.
During the eight
months there was received a total of $1,973,238 gold and
$1,413,938 silver, which compares with $2,160,615 gold
and $1,787,799 silver in 1909.
The shipments of gold during
August were nil and the exports of silver were $378,000,
wholly bullion. For the eight months the exports of gold
reached $1,970,208, against $12,023,412 in 1909; and $4,072 600 silver was sent out, against $5,255,208 in 1909.
The
exhibit for August and for the eight months is as follows:
IMPORTS OF GOLD AND SILVER AT SAN FRANCISCO.
Gold.
Silver.
Months.
Coin.
Bullion.
Total.
Coin.
$
$
$
$
1910.
January
February
183,913
76,160
167,670
147,884
155,833
12,000
4,068
March
April
May
559,285
371,386 1,601,852 1,973,238
706,332
250
296.377
81,064
274,004
288,734
285,281
Total.
%
152,625
13,837
171,115
194,318
173,280
21,292
4,080
45,450
96,797
June
July
August
183,913
88,160
171,738
147,884
155,833
296,627
369,798
Bullion.
$
323,740
208,155
266,427
93,147
71,512
33,841
104,675
133,980
103,989
71,512
55,133
108,765
179,430
200,786
'
Total 8 months....
707,606 1,413,938
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
Gold.
Silver.
Months.
Coin.
Bullion.
Total.
Coin.
Bullion.
$
S
$
$
$
1910.
January
February
1,970,208
1,970,208
March
1,500
489,700
620,000
462,800
800,100
469,400
4,500
334,000
$
491,200
620,000
462,800
800,100
469,400
512,600
338.500
378,000
378,000
4,066,600
4,072,600
—
April
May
June
512.600
July
August
Total 8 mos.
At¬
Total.
1,970,208
1,970,2081
6,000
lanta, Ga.
—The
business
National
Bank
of
Beaumont, Texas, has been taken over, according to reports
from Dallas, by the Gulf National Bank.
The merger went
into effect on September 19, following a meeting of the
directors of the two institutions when the proceedings under
which the transaction is consummated were concluded. The
Commercial began business in March 1909.
It has a capital
of $200,000 and deposits of about $500,000.
The Gulf
National has
a
capital of $150,000 and deposits of overly
millions.
—George A..Kennedy has been added to the list of officers
of the First National Bank of San Francisco
as
IMPORTS AND EXPORTS FOR AUGUST.
The Bureau of Statistics at Washington has issued
statement of the country’s foreign trade for August,
from it and previous statements we have prepared the
lowing interesting summaries:
FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
(In the following tables three ciphers (000) are in all
cases
1910
Merchandise.
January-March...
April-June
July
August.
Assistant
Total.
Cashier.
Exports.
$
412,678
392,082
114,630
134,794
omitted.)
1909
Imports.
Excess.
$
—14,110
+18,606
—1,834
$
426,788
373,485
116,465
138,358
Exports.
Imports.
$
$
: 422,056
Excess.
$
+66,951
+3,024
—3,151
—3,564
365,917
109,337
109,752
355,105
362,893
112,488
117,094
—913
1,007,062
947,580
+59,482
3,150
9,568
9,820
10,283
12,819
+1,348
+28,781
—9,454
—9,669
37,978
25,856
16,662
9,230
12,158
7,977
3,270
5,349
+25,820
+17,879
+13,392
+3,881
53,496
42,490
+11,006
89,726
28,754
+60,972
11,398
10,503
+ 2,241
14,474
14,886
5,049
4,495
10,453
12,419
3,916
3,191
+4,021
+2,467
+1,133
+1,304
38,904
29,979
+8,925
1,054,184 1,055,097
—7,342
Qold and Gold in Ore.
—The Western National Bank of San Francisco and the
Metropolis Trust & Savings Bank of that city, which have
some time past, have decided to consolidate
January-March...
April-June
July
August
been affiliated for
Metropolis National Bank. The Comptroller’s Bulletin, in
reporting the approval of the application to form the new in¬
stitution, gives its capital as $1,500,000. It is also the in¬
tention to form the Western Metropolis Trust Co., which
will handle the joint savings and trust business.
The merger
will become operative on Nov. 1.
The Western National
Bank has a capital of $1,000,000 and the Metropolis Trust &
Savings Bank a capital of $823,961. A unification of interest
between the two institutions was brought about early in 1908
through the acquisition of control of the Western National
by some of the leading stockholders of the Metropolis.
Silver and Silver in Ore.
January-March...
April-June
July
August
Total....
36,934
—
4,120
+2,912
+1,329
+636
29,816
+ 7,118
3,795
Excess of Imports.
We subjoin the totals for merchandise, gold and silver for
eight months since January 1 for six years:
Merchandise.
Gold.
Silver.
Eight
Months.
—The stockholders of the
adopted
13,639
13,415
5,124
4,756
+ Excess of exports.
Bank
of Nova Scotia
(head
..01
9
1
...
91
office9
on 0
2 9
a
...80
1
which7
the authorized
...
0increased
9
from1
..6091
September
capital is
10,916
38,601
829
Total.
their commercial business under the title of the Western
Halifax)
the
and
fol¬
ports.
Im¬
S
%
Excess
Ex¬
of
Exports ports.
$
S
Im¬
ports.
%
Excess
Ex¬
of
Exports ports.
%
%
*913 53,496 42,490 11,006 36,934
1,054,184 1,055,097
1,007,062 947,580 59,482 89,726 28,754 60,972 38,904
1,091,440 700,071 391,369 64,963 33,661 31,302 34,583
1,196,270 1,001,707 194,563 48,376 28,103 20,273 41,922
1,099,337 845,649 253,688 33,511 80,345 *46,834 41,847
966,567 770,285 196,282 41,265 24,796 16,469 33,916
by-law under
$3,000,000
to
...
5091
$5,000,000.
—The merger
Excess
Ex¬
ports.
Im¬
ports.
$
29,816
29,979
27,422
30,665
29,731
20,667
of
Exports
%
7,118
8,925
7,161
11,257
12,116
13,249
of the Union Bank of Halifax, at Halifax,
Excess of Imports.
Royal Bank of Canada (head office
Similar totals for the two months since July 1 for six years
Montreal) was approved by the stockholders of the two banks make the
following exhibit:
on September 8.
The stockholders of the Royal Bank also
ratified the issuance of 12,000 shares of new stock,
Merchandise.
Gold.
Silver.
having a
Two
par value of $1,200,000, for the purchase of the assets of the
Months.
Excess
Excess
Excess
Ex¬
Im¬
Ex¬
Im¬
Ex¬
Im¬
of
Union Bank.
of
The latter has a capital of $1,500,000, and
of
ports.
ports.
Exports ports.
ports. Exports ports.
ports. Exports
under the arrangements entered into, two shares of
Royal
%
%
$
S
$
$
8
%
%
stock (par $100)
Bank0
...
1
will be exchanged
9
1
249,425 254,823
5,398 3,979 23,102 *19,123 9,880
for five
shares of
7,915
1,965
...9091
219,088
229,582
*10,494
25,892
8,61«
9,544
17,274
7,107
2,437
Union Bank stock 0
$50).
...8(par
91
21J.643 177,620 36,023 11,445
7,253
4,192
9,069
6,280 2,789
*
Nova Scotia, with the
...
7
091
—J.
D. Rolland has
been elected President of 1
the Bank of
...609
255,820
241,495
225,598
Hochelaga, head office Montreal, succeeding the late F. X.
..5091
Bt. Charles.
*
5,392
250,428
208,290 33,205
45,254
180,344
Excess of imports. *
12,075
1,900
1,433
6,634
5,441
17,807 *15,907
8,186 *6,753
12,703
8,410
8,834
8,270
6,054
5,493
4,433
2,356
3,341
.5096128655887887878111 888111
THE CHRONICLE
846
96158510490072266.8524389899980111894. 889111
90 09
[VOL.
In these tables of totals, gold and silver in ore for all years
Gold Movement at New York.
given under the heads respectively of gold and silver.
the merchandise balance for each year
are
019191
Month
Imports.
The following shows
back to 1875:
Two months ending Aug. 31—
Eight months ending Aug. 31—
Imports $36,874,064
Imports fl5.078.852
Exports 64,537,917
Exports 14,474.134
Exports 38,901,995
Exports
1,055,582
Exports 188,805,224
Exports 32,950,689
Exports 140,279,159
Exports 25,242,548
Exports 55,801,674
Exports 24,638,180
Exports 114,394,327
Exports 16,394,361
Imports 53,628,507
Imports 14,191,477
Exports 44,779,191
Imports
1,303,828 1883
Exports 13,783,567
Exports
3,027,730
Exports 45,350,218
Imports
9,963,475
Imports 11,325,907
Imports 10,347,169
Imports 44,599,241
Imports 17,509,114
...Imports 25,849,773
Imports 87,425,073
Imports 55,527,112
Imports 24,871,856
Imports 46,846,930
Imports 28,125,567
Imports 10,902,532
Exports
2,359,039 1891.
Exports 33,761,669
Imports 13,663,743
Imports 47,829,685
Exports 20,970,336
Exports 64.887,257
..Imports
3,608,815
Imports 36,350,416
Imports 31,615,381
Exports 109,698,493
Exports 34,742,053
Exports 95,371,553
.Exports 58,409,654
Exports 56,428,880
Exports 361,709,639
Exports 72,826,636
Exports 277,400,390
Exports 351,163,383
Exports 78,548,592
Exports 71,267,067
Exports 359,678,585
Exports 25,661,782
Exports 207,515,803
Exports 17,022,637
Exports 201,930,037
Exports 18,545,549
Exports 183,934.093
Exports 45,254,772
Exports 196,282,361
Exports 253,688,676
Exports 33,205,278
5,392,046
Exports
Exports 194,563,235
Exports 36,023,602
Exports 391,369,600
Imports 10,493,589
Exports 59,482,289
..Imports
5,398,816
Imports
913,569
_
IPtotijetava! ©ommctrcial^tigllslt^mg
^W»%A*\WVVVVVVVWVWVVVVVVVVVW»^VVVWVWVVVVVVVVVVVVVW/VVVWi>VVVW%VV%»V»\WVVVV\V><VVVWVVVVVVVVV
English Financial Markets—Per Cable.
The daily closing quotations for securities, &c., at London,
as reported by cable, have been as follows the past week:
London,
Sat.
Mon.
Tues.
Week ending Sept. 30.
Silver, peroz
__d. 24 13-16 24 13-16 24%
Consols, new, 2% per cents. 30%
80%
30%
For account
80 7-16 80%
30%
French rentes (in Paris)..fr. 97.32% 97.22% 97.17%
Amalgamated Copper Co... 63%
63%
63%
b Anaconda Mining Co.
8
7%
7%
Atch. Topeka & Santa Fe... 101 %
101%
101%
Preferred
103 %
103
103%
Baltimore & Ohio.
107%
107%
108%
Preferred
90
90
90
Canadian Pacific
.1955*
196%
195%
Chesapeake & Ohio
77%
77%
77%
24
24
Chicago Great Western
24%
125
Chicago Milwaukee «fe St. P..124
124%
Denver & Rio Grande
31%
31%
31%
.
.
,
.
.
.
•
74
74
26%
26%
44
33 %
Illinois Central
133
Louisville <fe Nashville
146
Missouri Kansas & Texas.
32 %
Preferred
64
Nat. RR. of Mex., 1st pref.. 72
Second preferred
32%
N. Y. Central & Hud. River. 116%
N. Y. Ontario <fc Western... 41%
99 %
Norfolk & Western
Preferred
90%
Northern Pacific
119
a
Pennsylvania
Reading Co
First preferred
a
Second preferred
Southern Pacific
Southern Ry., common
Preferred
Union Pacific..
Preferred
U. S. Steel Corporation
Preferred
Wabash
Preferred
Extended 4s
a
Price per share.
66%
43%
115%
23%
54
93
.
17
37
66%
6 £ sterling,
60%
54
69%
119%
108
90
198%
78%
24
123%
63%
7%
101%
103%
107%
90
199%
79%
23%
124%
116%
24%
54
Fri.
24%
80%
80%
97.17%
64%
7%
102%
103%
108%
90%
200%
81
24
126
31
74
31%
74%
26%
26%
28
45
35
45
34
35
31%
32%
117%
42%
135%
147%
32%
64
72
32%
116%
45%
135%
148%
33%
64
72
32%
116%
99
42
99
42%
99%
90%
90%
90
119
119
66%
74%
45
51
116
24
54
170%
93%
69%
171%
94%
70%
170%
93%
69%
120
17
37
120
17
.37
67
120
17
66%
c
90%
119%
66%
75
45
115%
23%
170%
32%
118
99
74
45
49
Thurs.
24 13-16
80%
80%
97.17%
64
72
42%
119
63%
7%
101%
103%
135%
147%
33%
64
72
90%
45
.
147%
32%
42
99
66%
73%
a
133
32%
116%
■
27%
146%
32%
64
72
.
Wed.
24%
80 1-16
80 1-16
97.10
74
45
34
134
33%
_.
a
74
44
Second preferred
66%
75
45
50%
117%
23%
53%
171%
45
50%
118%
24
54
172%
94
* 94
70%
£.71%
120%
120
17
37%
67%
119%
66%
75%
37%
67%
17%
38%
68
following figures for the full months, also issued by
our
New
York Custom House.
Merchandise Movement to New York.
$
January
February
.
March
April
May
June
....
July
August.
._
Total
The
78,656,123
77,826,788
102,955,233
78,224,201
68,497,815
72,216,609
1909.
1910.
1909.
1910.
1909.
$
$
$
$
S
52,644,329 50,812,004 17,545,140 15,795,700
49,927,253 45,319,475 18,778,746 17.775,728
56,874,809 58,684,184 21,988,922 19,064,331
52,027,284 51,709,272 16,276,428 18,802,924
58,511,642 48,571,972 14,999,383 16,846,056
61,704,701 52,404,342 17,119,870 17,318,187
69,966,872 68.687.013 56.019,567 50.583.478 16.911,067 20,728,717
81,340,437 68,295,105 65,279,115 49,212,360 20,276,113 19,732,558
629,684,078 570,956,850 452,988,700 407,297,087 143,895,669 146,064,201
imports and exports of gold and silver for the eight
months have been
Customs Receipts
at New York.
Exports.
61,789,335
73,074,545
80.729.503
75,898,544
69.230.504
73,252,301
as
follows:
1910.
Imports.
Exports
1910.
1910.
1909.
March
April..
May
99..88443671052——TThhee
June
July
August
Total
$
20,498,052 7,274,045 44,782,657 76,685,072
{,
$
577,955
365,049
439,488
503,764
479,415
577,053
376,817
1,007,193
3,935,840
3,208,972
3,572,439
3,442.767
3,267,495
3,971,397
4,272,445
3,931,438
4,326,734 29,602,793
GOVERNMENT REVENUE AND EXPENDITURES.—
Through the courtesy of the Secretary of the Treasuery, we
are enabled to place before our readers
to-day the details of
Government receipts and disbursements for the month of
August. From previous returns we obtain the figures for
previous months, and in that manner complete the state¬
ments for the 8 months of the calendar years
000s
1910 and 1909.
GOVERNMENT RECEIPTS AND DISBURSEMENTS.
1910.
1909.
omitted.)
June.
| July.
Aug.
June.
j 8 Mos.
July.
Aug. ;
8 MOS.
1
$
$
$
1
$
$
1 $
1
1 $
27,660 25,051 29,279 219,260 29,614 28,673 28,590 58,553
42,076 29,582 22,966 200,703 23,516 21,208 19,719 42,281
6,535 4,185 2,727 36,010 5,770 3,910 2,773
7,825
Receipts—
Customs
Internal revenue*
Miscellaneous
Total receipts
Disbursements—
76,271 58,818 54,969 455,973 58,900 53,791 51,082 108,659
*
Civil and miscellaneous 16,969
War
12,926
Navy
10,839
Indians
2,362
Pensions
12,227
Postal deficiency
"135
Interest on public debt.
Panama Canal
2,704
17,218*X4,231!
21,528 16,532 123,854 12,691
20,118 14,723 101,638 12,860 21,914 12,716
10,302 9,924 80,103 9,120 10,472 10,110
1,533 1,948 13,530
860 1,390 1,952
13,877 14,977 106,496 11,732 13,935 15,755
32,694
34,895
21,455
3,474
29,691
1,500 3,000
4,500
3,247
4,441
1,901
2,537
1,598;
489
3,279
3,068
15,784
157
24,578 : 2,801
1,889
2,004
5,168
5,074
Total disbursements. 58,162 75,046 62,542 467,581 50,710 72,776 61,657 136,951
Less repayment of un¬
f
1
1
1,865*
expended balances..
Total
2,193
1,466
I
3,659
2,464
1,159
2,705
56,297 72,853 61,076 463,922 1 50,710 70,612,60,498 134,246
1
)
i
!
-
*
Includes corporation tax of $83,926 tor July and $23,563,997 for the five months
this year.
Note.—1909 receipts do not Include $30,731,008 proceeds of Panama Canal bonds.
National
Banks.—The
following information regarding
Comptroller of the
Currency, Treasury Department:
national banks is from the office of the
APPLICATION
TO
CONVERT INTO
APPROVED.
NATIONAL
BANKS
The Farmers’ Bank of Siloam Springs, Ark., into "The Farmers’ Na¬
tional Bank of Siloam Springs."
Capital. $50,000.
The Marshall County Stae Bank, Kingston, Okla., Into "The First
National Bank of Kingston."
Capital, $35,000.
The Brooksvllle Banking Company of Brooksville, Fla., into "The First
National Bank of Brooksvllle.”
Capital, $25,000.
NATIONAL BANKS ORGANIZED.
September 8 to September 17.
United States National Bank of Red Lodge, Red Lodge, Mont.
Capital, $80,000.
Wm. Larkin, Pres.; John Dunn, Vlce-Pres.;
John Romersa, Cashier; J. R. Chappell, Assistant Cashier.
National Deposit Bank of Russellville, Russellville, Ky.
Capital, $50,000.
Geo. B. Edwards, Pres.; R. F. McCuddy,
Vlce-Pres.; Russell S. Edwards, Cashier.
La Rue National Bank of Hodgenville, Hodgenvllle, Ky.
Capital, $25,000.
M. L. Meers, Pres.; Thos. J. Poteet, Vlce-Pres.;
F. R. Twyman, Cashier; Paul G. Kimball, Assistant Cashier.
First National Bank of Paso Robles, Paso Robles, Cal.
Capital,
$25,000.
W. T. Summers, Pres.; R. C. Heaton, Vlce-Pres.; T. W.
Dibblee, Cashier; D. Speyer, Assistant Cashier.
First National Bank of Jayton, Jayton, Tex. Capital, $40,000.
R. Goodall, Pres.; Joe Jay, Vlce-Pres.; R. A. Jay, Cashier; M. S.
Sandell, Assistant Cashier.
First National Bank of Parkersburg, Parkersburg, Iowa.
Capital, $50,000.
H. C. Brown, Pres.; H. H. Younker, Vlce-Pres.;
John Voogd, Cashier.
People’s National Bank of Martinsville, Martinsville, Va. Cap¬
ital, $80,000. C. P. Kearfott, Pres.; C. B. Keesee, Vlce-Pres.; J. P.
Lewis, Cashier. (Conversion of the People’s Bank of Martinsville.)
First National Bank of Fort Stockton, Fort Stockton, Texas.
Capital, $25,000. C. A. Brown Pres.; F. S. Wilson, First VlcePres.: R. E. Tavlor. Second Vlce-Pres.; Jno. M. Odom, Cashier.
First National Bank of Walterboro, Walterboro, S. C. Capital,
Jas. E. Peurlfoy, Pres.; Edgar E. Jones, Vlce-Pres.;
Cashier,
Winona National Bank, Winona, W. Va. Capital, $25,000.
Long, President; H. O. Boley,’ Vlce-Pres.; W. W. Michael,
C. G. Padgett,
FOREIGN TRADE OF NEW YORK—MONTHLY
STATEMENT.—In addition to the other tables given in
this department, made up from weekly returns, we give the
1910.
1909.
$
$
$
421,946
714,693 3,113,576 7,843,125
819,731 2,786,542 8,818,220
1,912,799
2,425,426 2,728,363 1,644,417 21,173,385
742,911 36,168,360 6,269,450
470,490
493,413
619,503
438,769 11,094,572
532,143
578,263
127,503 5,233,050
4,906.446
470,018
177,490 13,405,800
9,335,389
600,563
276,000 2,847,470
January
February
Lee
Imports.
Exports.
$25,000.
Ex-dividend.
Commercial and f§£* tsceUaueons 3t cm®
Month.
Silver—New York
$
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
Preferred
Erie
First preferred
1910.
LXXXXI
Cashier.
LIQUIDATION.
6,017—The Farmers National Bank of Hamburg, Iowa, was placed in
voluntary liquidation at close of business Aug. 27 1910.
5,116—The Fletcher National Bank of Indianapolis, Ind., was placed In
voluntary liquidation at close of business Sept. 3 1910.
5,672—The American National Bank of Indianapolis, Ind., was placed In
voluntary liquidation at the close of business Sept. 3 1910.
7,358—The Prairie National Bank of Chicago, Chicago, Ill., was placed in
voluntary liquidation Sept. 8 1910.
9,391—The Borough National Bank of North Plainfield, N. J., was placed
In voluntary liquidation at close of business Sept. 15 1910.
4,223—The National Bank of Poland, Poland, N. Y., was placed In volun¬
tary liquidation at close of business July 1 1910.
8,961—The First National Bank of Saratoga, Saratoga, Wyo., was placed
In voluntary liquidation at close of business July 1 1910.
CHANGE OF CHARTER NUMBER.
2,691—The First National Bank of Salem, Salem, Ohio, changed to No. 43.
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son:
Stocks.
1 Memb. Consol. Stock Exch.
.$244
of New York
31,250 Co-Oper.
Tropical Fruit]
Stocks.
20 Oil Fields of Mexico.
60%
50
Bonds.
)$50 lot $1,500 Arion Society of City of N.
Y. 2d 3s, 1917.
A.&O
37 ^
4
$80,000 Stewart Sugar Co. 2d 7s,]
Nov. 1910 coupons attached.. 1$60,800
66
common
800 Stewart Sugar Co. (stk. tr.j
100 Gray Nat. Telautograph Co.,
$1 per share
certfs)
Association, $1 each
150 Monte Vista Transp't’n
CoJ
Bklyn. Un. Elev. RR. Co.,
|Oct. 1 1910.)
THE CHRONICLE
847
DIVIDENDS.
Per
Cent.
Name of Company.
When
Books Closed.
Payable.
Days Inclusive.
Railroads (Steam).
Beech Creek, guaranteed (quar.)____
Belt RR. & Stk. Yds., Indlanap.,pf.(qu.)
Boston A Maine common (quitr.i
Boston & Providence, guaranteed (quar.)
Canadian Pacific, common
Common (extra)
Preferred
Central RR. of New Jersey (quar.)
Chicago
Chicago
Chicago
Chicago
Chicago
Burlington & Quincy (quar.)....
* Eastern Illinois, pref. (quar.).
Sc North Western, pref. (quar.)..
R. I. Sc Pacific Ry. (quar.)...
Sc Western Indiana (quar.)...
Clev. Cine. Chic. <fe St. L., pref. (quar.)
Colorado Sc Southern, 1st and 2d pref
Del. Lackawanna A Western {quar.)
Erie * Pittsburgh (quar.)
Evansville Sc Terre Haute
Preferred
common
IX
Oct.
Oct.
1H
Oct.
2H
Oct.
3x
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct
Oct.
Oct.
Nov.
1 Holders of rec. Sep. 23a
1
1 Holder* of rec. Sent la
1 Holders of rec. Sep.20a
1 Sepi. 3
ro
uct.
5
1 Sept. 3
to
Oct.
5
1 Sept. 3
to
Oct.
5
1 Holders of rec. Oct.21a
1 Sept. 27
to
Oct.
3
1 Holders of rec. Sept.16a
1 Holders of rec. Sept. 9a
1 Holders of rec. Sep.24a
1 Not closed.
20 Oct.
1
to
Oct. 26
1 Sept. 22
to
Oct.
2
20 Holders of rec. Oct. 3a
10 Holders of rec. Nov.30a
1 Sept. 18
to
Oct. 17
15 Holders of rec.Sept.15a
15 Oct.
2
to
Oct. 14
1 Holders of rec. Oct. 18a
1 Holders of rec. Sept.24a
3 Holders of rec. Sept.24a
15 Holders of rec. Sep.30a
1 Holders of rec. Sep. 15a
1 Holders of rec. Sept. 15a
15 Holders of rec. Sept. 3<Ja
1 Holders of rec Sent 20a
15 Holders of rec.Sept.22a
1 Holdersof rec. Sept. 19a
1 Holders of rec. Sept. 15a
18 Holders of rec. Oct.31a
1 Holders of rec. Sept. 6a
1 Sept. 18
to
Sept. 30
1 Holders of rec. Sept. 10a
10 Oct.
1
to
Oct. 10
1 Holders of rec. Sept. 15
25 Holders of rec. Oct. 15a
4 Sept. 11
to
Oct.
4
1 Sept. 16
to
Oct.
2
1 Holders of rec. Sept. 24
1 Holders of rec. Sept. 24
1 Holders of rec.Sept.30a
10 Holders of rec. Oct.22a
2
1
Oct.
Oct.
Oct.
Oct.
Oct.
1
1
1
1
15
2X
Oct.
2
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
X
2
2
2
2X
IX
Nov.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Dec.
5
Nov.
IX
2
1X
IX
IH
2
2Xb Oct.
2*A Oct.
IX Nov.
2X Oct.
1% Oct.
Georgia RR. & Banking (quar.)
Great Northern (quar.)
Interborough Rapid Transit (quar.)
Joliet Sc Chicago, guaranteed (quar.)
Kansas City Southern, pref. (quar.)
Maine Central (quar.)
Manhattan Ry. gu. (quar.) (No. 106)
Minn. S. P.&S.3.M.,coin & pref. (No. 15)
l
2
...
Leased lines
N. Y. Central Sc Hudson River (quar.)..
New York Sc Harlem, com. and pref
N. Y. Lackawanna Sc West., guar, (quar)
Norfolk Sc Western, preferred (quar.)
Northern RR. of New Hampshire (quar.)
Norwich <fe Worcester, pref. (quar.)
Old Colony (quar )
IX
Oct.
Oct.
Oct.
3H
Oct.
2
IX
IX
IX
let.
Oct.
Oct.
Oct.
1
Nov.
IX
2
Philadelphia & Trenton {quar.)
Plttsb. Bessemer Sc Lake Erie, common., I
Pitts. Cin. Chic. A St. L., com. A pf. (^m.)i
Plttsb. Ft.Wayne Sc Chic. reg. guar, (qu.)i
Special guaranteed (quar.)
Pittsburgh Wheeling & Kentucky..
Special dividend
Railroad Securities, preferred
Reading Co., second preferred
1
j
IX
2X
IX
IX
IX
IX
3
3
2
2
St. Louis Sc San Francisco—
Chic. Sc East. Ills. pf. tr. ctfs. (quar.).
K. C. Ft. 8. & Mem. pf. tr. ctfs. (quar.)
Southern Pacific Co. (quar.) (No. 16)
Southern Ry., M. Sc O. stock trust certs.
Toledo St. Louis Sc Western, pref. (quar.)
Union Pacific, common (quar.)
Preferred
United New Jersey RR. Sc Canal (quar.).
IX
1
IX
...
2X
3X
Warren, guaranteed
Western Maryland, preferred (quar.)
1
West Jersey & Seashore
2X
Wisconsin Central, preferred
2
Street and Electric Railways.
Amer. Cities Ry. & L., pf. (qu.) (No. 17)
IX
Aurora Elgin A Chic. RR., com. {quar.)..
X
Preferred {quar.)
' IX
Bangor Ry. & Electric (quar.)
IX
Boston Suburban Elec. Cos., pref. {quar.)..
si
Brazil Ry., pref. (quar.)
IX
Brooklyn Rapid 'transit (quar.)
IX
Capital Traction, Washington, D.C. (qu.)!
IX
Carolina Power Sc Light, pref. (quar.)..
IX
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
iOct.
Oct.
Oct.
•
Sept. 17
Sept. 17
to
Oct.
2
to
Oct.
2
Holders of warr’t No. 16
Sept. 16
to
Sept. 30
Holders of rec. Sept. 30a
1 Sppi. 13
1 -'em. 13
to
i.et.
to
f>ct.
12
12
10
15
20
1
1
to
Sept. 30
Holders of rec. Oct. 5a
Oct. 12
to
Oct. 19
1
10
10
1
15
5
1
1
Sept. 22
Sept.
1
Holdersof
rec.
to
Sept. 15a
Oct.
2
Holders of rec.Sept.23a
Holders of rec.Sept.23a
Holders of rec. Sept. 15a
Holders of rec. Oct. 5a
Oct.
1
to
Oct.
5
Holders of rec. Sept. 9a
Sept. 15
to
Sept. 30
1 Holders of rec. Sep.24a
2
1 Sept. 17
to
Sept. 30
Chattanooga Ry. A Light, pref. (quar.)..; IX
1 Holders of rec. Sept. 20
Cincinnati & Ham. Trac., com.
1 Sept. 21
6A
to
(quar.)..;
Sept. 30
Preferred (quar.)
1 Sept. 21
IX
to
Sept. 30
Cin. Newport A Cov. Lt. A Tr.-, com. {qu.)
15 Oct.
1
IX
to
Oct. 15
15
Oct.
1
to
Oct. 15
| IX
1 Sept. 21
IX
to
Sept. 30
1 Sept. 21
IX
to
Sept. 30
1 Holders of rec. Sept. 17a
1
IX
Col. {O.) Newark A Zanesv. El.RR., pf.{qu
1 Sept. 26
AX
to
Sept. 30
10 Holders of rec. Oct. la
i 2
Duluth-Superior Traction, com. (quar.)..
1 Holders of rec. Sept. 15a
ix iOct.
Preferred (quar.)
,Oct.
1 Holders of rec. Sept. 15a
1 1
Frankford & Southwark Pass. Ry., Phila | $4 50 Oct.
1 Holders of rec. Sept. 15a
Oct.
i
1
1
10 Oct.
to
Oct. 10
Germantown Passenger Ry. (quar.)
Oct.
4
51.31X
Sept. 15
to
Oct.
3
Halifax Elec. Tramw., Ltd. (qu.) (No. 55>
1 Sept. 20
IX Oct.
to
Oct.
1
HonoluluRap. Tr. A Land, com. {quar.)..
1
Sept. 30 Sept. 28
to
Sept. 30
Houghton County Tract., com. (No. 3)_.
1 Holders of rec. Sept. 15a
2X Oct.
Preferred (No. 5)
3
1 Holders of rec. Sept. 15a
[Oct.
Illinois Traction, preferred (quar.)
1 Holders of rec. Sept. 15a
IX Oct.
Kokomo Marlon & Western Trac., pref...
3
Oct.
1
Oct. 1
Loulsv. & Nor.Ry.&Ltg.,pf.A&B, (qu.)
1 Sept. 26
X Oct.
to
Sept. 30
Louisville Traction, common (quar.)
1
Oct.
1 Sept.11
to
Sent. 16
Preferred
1 Sept. 11
2X Oct.
to
Sept. 16
Manchester (N.H.)Tr.,L.&Pow. (quar.)
2
Oct.
15 Holders of rec. Oct. la
Manila Elec. RR. & Ltg. Corp. (quar.)..
1
Oct.
1 Holdersof rec. Sept.. 19a
Nashville Ry. & Light, com. (quar.)
1 Holders of rec. Sept. 21a
X Oct.
Preferred (quar.).
Oct.
1 Holders of rec. Sept. 21a
ix
New York State Rys., common (quar.)..
1 Holders of rec. Sept. 26a
IX Oct.
Preferred (quar.)
1 Holders of rec. Sept. 26a
IX Oct.
Northwestern El. RR.. Chic., pref. (qu.).
1
Oct.
18 Oct.
9
to
Oct. 18
Ohio Traction, common
1
1 Holders of rec. Sept .26a
Oct.
Omaha & Council Bl. St., com. (quar.)..
1
1 Sept. 18
Oct.
to
Sept. 30
Preferred (quar.)
1 Sept. 18
ix Oct.
to
Sept. 30
Ottawa Electric Ry. {quar.)
1 Holders of rec.Sept.30a
2X Oct.
Ottumwa {la.) Ry. A Light, pref. {quar.)..
ix Oct.
15 Holders of rec. Sept. 30
Philadelphia Company, common {quar.)..
1 Holders of rec. Oct. la
IX Nov.
Common {extra)
1 Holders of rec. Oct. la
X Nov.
Philadelphia Traction
Oct.
1 Sept. 11
$2
to
Sept. 30
Portland (Me.) RR
2
1 Sept. 21
Oct.
to
Sept. 30
1 Holders of rec. Sept. 12a
Portland(Ore.)Ry.,L.<feP.,pf.(qu.)(No.l7)
ix Oct.
Porto Rico Rys., pref. {quar.)
10 Oct.
1
to
IX Oct.
Oct. 10
Public Service Corp. of N.J. {quar.)
IX Sept. 30 Sept. 28
to
Sept. 30
Ridge Ave. Pass. Ry., Phila. (quar.)
1 Sept. 16
$3
Oct.
to
Oct.
2
St. Jos. R..L..H.&P., pf. (qu.) (No. 32)
1 Holdersof rec. Sept. 15a
ix Oct.
Sao Paulo Tram., LAP. {qu.) {No. 34).
1
Oct.
Holders of rec.Sept.21a
2X
Scioto Vail. Trac., pref. & 1st pref. (qu.)
1 Holders of rec. Sep.24a
IX Oct.
Seattle Electric Co., com. (qu.) (No. 8)
15 Holders of rec. Sep.22a
ix Oct.
Preferred (No. 20)
3
1 Holders of rec. Sep.22a
Oct.
Second*Third Sts.Pass. Ry.,Phila
Oct.
1 Holders of rec. Sept. 5a
33
Stark Electric RR. (quar.)
1 Sept. 26
X Oct.
to
1
Oct.
Oct.
Syracuse Rapid Transit, pref. (quar.)
10 Holders of rec. Sep.24a
IX
Terre Haute Indianap & East., pref. (qu.)
Oct.
1
IX
to
Oct.
2
Sept. 23
Toronto Railway (quar)
1 Holders of rec. Sept. 15a
IX Oct.
1 Holders of rec. Sept. 26
Tri-City Ry. & Light, pref. (quar.)
IX Oct.
Twin City Rap. Transit, com. (quar.)
1 Holders of rec. Sept. 15a
IX Oct.
Preferred (quar.)
1 Holders of rec. Sept. 15a
IX Oct.
Union Ry., Gas & Elec., pref. (quar.)__
1 Holders of rec. Sep 22a
IX Oct
Unlon Traction of Indiana, preferred....
1 Sept. 25 ■
2X Oct.
to
Oct.
1
United Traction <fc Elec., Providence (qu.)
1 Sept. 14
IX Oct.
to
Oct.
2
1 Holders of rec. Sept l a
Washington Water Pow.. Spokane (quar.)
IX Oct.
West End Street, Boston, common
1 Sept. 23
$1.75 Oct.
to
Oct.
L
Western Ohio Ry., 2d pref. {quar.)
1
IX Oct.
West India Electric Co. (quar.) (No. 11)
1 Sept. 24
IX Oct.
to
Oct.
2
West Penn Traction, pref. {quar.y.
15 Oct.
8
to
Oct. 16
IX Oct.
1 Holders of rec. SeDt.20a
2X Oct.
Winnipeg Electric Ry. {quar.)
1
...
—
Per
Cera.
Name of Company.
%hen
Payable.
Books Closed.
Days Inclusive,
\
Banks.
Aetna National
{quar.)
Broadway, Brooklyn (quar.)
Century (quar.)
2
Oct.
4
[Oct.
Chatham National (quar.) (No. 159)
Chelsea Exchange National (quar.)
Citizens’ Central National (quar.)
Coal & Iron National (quar.)
Colonial (quar.)
Commerce, National Bank of (quar.)
Fifth Avenue (quar.)
4
2
IX
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
IX
'1H
2X
2
25
3
5
2
3
2
7
4
2
5
5
3
Fifth National {quar.) {No. 141)
First National (quar.)
First National, Brooklyn (quar.)
First Security Co. (quar.)
Fourth National (quar.)
Gallatin National {No. 156).
Hanover National (quar.)
Irving National Exchange (quar.)
Liberty National (quar.)
Manufacturers’ Nat., Bklyn. (quar.)
Market & Fulton Nat. (quar.).
Mercantile National (quar.)
Metropolitan (quar.)
Mount Morris (quar.)
Nassau Nat., Bklyn. (quar.) (No. 101)..
ix
2
2X
3
New Netherland
Park, National (quar.)..
Prospect Park, Bklyn. (quar.)
Seaboard National (quar.):
Second National (quar.)
Washington Hghts., Bank of {quar.)
1
1
1
1
1
2X
4
IX
3
3
2
Sept.
Sept.
Sept.
Sept.
Sept. 30
to
to
to
i
1
1
1
1
1
1
1
1
1
11
to
to
27
30
30
30
Sept. 30
Oet.
2
Sep .30a
6
l;
l
l
l
l
l
1
1
1
1
t
to
Sep .30a
Oct.
2
to
Sept. 30
to
Sept. 30
to
Oct.
1
Sep.30a
Sept. 30
Sept. 30
re<
to
to
to
to
to
to
!
The following shows all the dividends announced for the
future by large or important corporations:
Dividends announced this week are printed in italics.
Oct.
2
Sept. 30
Sept. 30
1
1
1
1
1
Sept. 30
Sep.24a
Tryst Companies.
Bankers’ (quar.)
Brooklyn (quar.)
Central (quar.)
Empire (quar.).
Lawyers’ Title Ins. & Trust (qu.) (No. 48)
Long Island Loan & Trust (quar.)
Mechanics of New Jersey (qu.) (No. 45).
People’s, Brooklyn (monthly)
Trust Co. of America (quar.) (No. 33)..
4
3
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
2X
Oct.
2
3
IX
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
S3
net.
ix
IX
IX
Oct.
Oct.
Oct.
Nov.
Nov.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
5
9
2X
3
3
5
1
_
2X
V2X
Union
(quar.)
Washington (quar.)
Fire
New York,
1
1
1
1
1
1
1
1
1
10
1
i.
i.
i.
to
to
rec
City of {quar.)
IX
IX
ix
IX
_
Oct.
to
2
X
IX
Preferred (quar.) (No. 46)
American Chicle, common (monthly).
Preferred (quar.)
American Express (quar.)
Amer. Gas & Electric, com. (quar.)
Amer. Iron «fe Steel Mfg., com. &
pf. (qu.)
American Locomotive, pref. (quar.)
Amer. Malt Corporation, preferred.
American Malting, preferred..
American Manufacturing
American Piano, pref. (quar.)
Amer. Pipe & Construction (quar.)
Am. Power A Lt., pf. {qu.) {No. 4).
Amer. Seeding Machine, pref. (quar.)
American Shipbuilding, preferred
(quar.)
Amer. Smelt. <fc Rfg., com. (qu.) (No. 28)
Preferred (quar.) (No. 45)
American Snuff, common
Common (extra)
Preferred (quar.)..
Amer. Sugar Refg., com. & pref. (quar.)
Amer. Teleph. & Telegr. (quar.)
American Tobacco, preferred (quar.)
American Type Founders, com. (quar.)..
Preferred
j,
American Woolen, pref. (quar.) (No. 46)
American Writing Paper, preferred
Anaconda Mining {quar.) {No. 40).
Associated Gas A Elec., pref. {quar.)
Associated Merchants, 1st pref. {quar.)
First preferred {extra).
Second preferred {quar.)
Second preferred {extra.).
Bell Telephone of Canada (quar.)
Bell Telephone of Missouri {quar.)
Bell Telephone of Pennsylvania
{quar.)...
Bliss (E. W.), com. (quar.)
Preferred (quar.)
Brooklvn Union Gas (quar.) (.No. 38)
Butte Elec. & Pow., com. (qu.) (No.
Preferred (quar.) (No. 37)
1
1
62c.
!
IX
ix
2
IX
ix
ix
1
IX
5
2
IX
1 H
2
IX
1
l
50c.
IX
IX
X
ix
X
2
2
ix
2X
X
IX
I
Cambria Iron
Canadian General Elect., Ltd., com. (qu.)
Preferred
Canadian W estlnghouse.Ltd. (qu.) (No .23)
Celluloid Company (quar.)
Central Coal & Coke, common (quar.)
Preferred (quar.)
Central Leather, preferred (quar.)
Central & S. A. Teleg. (quar.)
Chic. June. Rys.&U. Stk.Yds.,com. (qu.)
Preferred (quar.)
Chicago Pneumatic Tool {quar.)
City Investing, preferred (quar.)
Claflin {H. B.), com. {quar.)
Columbus (O.) Gas & Fuel, pref. (quar.)
Columbus Light, Heat & Pow., pref. (qu.)
Consol. Gas, El. L. & P., Balt, .coihmon
Preferred and prior lien stock.
Consumers' Power, pref. (quar.)
Cora. Paper Bag, com. {quar.) {No. 22)
Preferred {quar.) {No. 41)
Corn Products Refining, pref. (quar.)
Cuban-Amerlcan Sugar, preferred
Cumberland Tel. & Tel. (quar.) (No. 108)
Del. Lackawanna A Western Coal
{quar.).
Detroit Edison (quar.)
Distillers’ Sec. Corp. (quar.) (No. 32)
Distilling Co. of America, pref. (quar.)
Dominion Iron & Steel, Ltd., pref
Duluth Edison El., pref. (qu.) (No. 18)..
du Pont(E.I.)de NemoursPowd., pf.(qu.)
du Pont Internat. Powd., pref. (quar.)..
Eastern Light & Fuel, common (quar.)..
Eastman Kodak of N. J., com. (quar.)..
..
Preferred (quar.)
Eastman Kodak, common {ex<ra)
Electrical Securities Corp., preferred
Electric Storage Battery, com. & pf.(qu.)
General Chemical, preferred (quar.)
General Electric (quar.)
Goldfield Consolidated Mines (quar.)
Extra
i
Gorham Manufacturing, pref. (quar.)...
Great Lakes Towing, preferred (quar.)..
Guggenheim Exploration (quar.) (No. 31)
Harrison Bros. & Co., Inc., pref. (quar.)
ict.
IX [Oct.
IX Oct.
2
24).
•
Oct.
Oct.
Oct.
ix
2
IX
3X
IX
IX
IX
IX
IX
ix
2
IX
1
ix
2
IX
IX
2
3
IX
IX
IX
1
ix
2
2X
IX
X
1
3X
IX
IX
IX
2
2X
IX
10
2X
1
IX
2
30c.
20c.
IX
ix
2X
1
•
'Ct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
»e>.
Oct.
Nov.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
1 Sept. 30
of
1
1
1
1
1
20
1
1
1
1
21
2
1 i
1
1
1
1
1
Oct.
!.
jrs
2
Sept. 17a
Sept. 30a
!. Sept. 24
6
15
15:
1
1
Sep.21a
Sept. 30
Oct.
.
to
Insurance.
Miscellaneous.
Alliance Realty (quar.)
Amer. Agricul. Chem., pref. (No. 23)..
Amer. Beet Sugar, pref. (quar.) (No. 45)
Amer. Brake Shoe & Fdy., com. (quar.)
Preferred (quar.)
American Can, preferred (auar.)
American Caramel, preferred (quar.)
Amer. Car & Fdy., com. (qu.) (No. 32)..
Sep.26a
Sep.22a
9
Sept. 24
to
Oct.
2
rec.
Oct.
5
to
Sept. 30
15
to
to
Oct. 20
Oct.
1
24
to
Oct.
21
21
to
to
to
Oct. 20
Nov. 10
Nov. 10
t
rec.
Sept. 15
to
Oct.
2
Oct.
2
to
15
15 i
15
1
2
rec
to
to
to
1
1
1
3
15
Sept.30a
Oct.
Oct.
16
6
Sept. 20
Sept, la
l1
15
15
15il
to
t
t
19
15
15
15
15
15
15
1
15
1
1
1
1
1
1
1
1
10
rec.
rec.
to
t rec.
r rec.
C rec.
f rec.
3
3
1
to
to
to
24 to
s
to
.15
.
15
to
to
to
Oct.
6
Sep. 15a
Oct. 6o
Oct.
2
Oct. 7a
Oct. 7a
Oct. 7a
Oct. 7a
Oct.
Oct.
]
1<
Sept. 3(
Sept. 3(
sept. 3(
Sept. 31
Sept. 3(
1
Oct.
!
1 Holders of rec. Sept.l5<
15 Oct.
1
to
Oct. li
15
Oct.
1
to
Oct. li
Oct.
1 Holders of rec. Sept, li
Oct.
8 Holders of rec. Sept.30i
Oct.
1 Holders of rec. Sept! 15
Oct.
1 Holders of rec. Sept. 15<
Oct.
25 Oct. 16
to
Oct. 2,
1 Holders of rec. Sept. 2i
Oct.
Oct.
15 Holders of rec. Oct. 7i
Oct.
1 Holders of rec. Sept. 15
Oct.
1 Holders of rec. Sept. 15<
1
Nov.
Sept. 25
Oct.
:
to
Oct.
1 Sept. 25
to
Oct
1 Holders of rec. Sep.21i
Oct
Sept. 28 Holders of rec. Sept. 2
Sept. 28 Holders of rec. Sept 2
Oct.
10 Holders of rec. Sep.30
1 Holders of rec. Sen.l5i
ct.
Oct.
1 Holders of rec. Sept. 19i
Oct.
15 Holders of rec. Oct. 1
Oct.
15 Holders of rec. Oct. 1<
31 Sept. 29
Oct.
to
Oct. 1!
29 Sept. 29
Oct.
to
Oct. 1!
1 Holders of rec. Sept. 17<
Oct.
1
Oct.
ersofrec. Sept.21i
Oct.
25 Oct. 16
to
Oct. 21
1 Holders of rec. Sept.20<
Oct.
1 Holders of rec. Sept. 21
Oct.
1 Holders of rec.Sept. 16
Oct.
1 Holders of rec.Sept.16
Oct.
Dec.
1 Holders of rec. Oct. 3
1 Holders of rec. Oct.29
Nov.
1 Holders of rec. Sept.24
Oct.
>ct.
1 Holders m rec. Sept.21
Oct.
15 Holders of rec. Sept. 3
Oct.
31 Holders of rec. Sept. 3Q<
Oct.
31 Holders of rec. Sept. 30<
Oct.
1 Holders of rec. Sept. 24i
1 Sept. 21
Oct.
to
Oct.
1 Sept. 17
to
Oct.
1 Holders of rec Sep.26'
iOct.
THE CHRONICLE
848
Per
Cent.
Name of Company.
Miscellaneous (Concluded).
Illinois Brick (guar.)
Intercontinental Rubber, com. (No. 1)._
Preferred (quar.)
Inter. But'hoie Sewing Mach, (qu.)(No.52)
International Harvester .com. (qu.) (No .3)
International Nickel, common (quar.)..
Common (extra)
Preferred (quar.)
International Paper, preferred (quar.)
International Silver, pref. (quar.)
Preferred (extra)
Interna t.Smokeless Pow.&Chem.,com.(qu)
Preferred
Kansas Gas & Elec., pref. (qu.) (No. 2)..
Knickerbocker Ice, pref. (No. 23)
La Rose Consolidated Mines (quar.)
Lawyers’ Mtge. Co. (quar.) (No. 36)
Mackay Companies, com. (qu.) (No. 21).
Preferred (quar.) (No. 27)
Massachusetts Gas Cos., common (quar.)
Massachusetts Ltg. Cos. (quar.) (No. 28).
May Department Stores, pf. (qu.) (No. 1)
Mexican Lt. & Pow.,Ltd., com. (quar.)..
Mexican Telegraph (quar.).
Michigan Light, pref. (quar.)
Michigan State Telephone ,pref. (quar.)..
Mortgage-Bond Co. (quar.)
National Biscuit, com. (quar.) (No. 48)..
...
National Carbon, common (quar.)
National Fire Proofing, pref. (quar.)
National
Nat. Lt.,
National
National
2
1
1X
1
l
1
X
IX
X
IX
X
X
4
IX
3
2
3
IX
1
1
IX
IX
1
2X
IX
IX
IX
Extra
New England Cotton Yarn, common....
New York Air Brake (quar.)
New York Dock, preferred. 1
N. Y. Mortgage & Security (quar.)
Niagara Falls Power (quar.)
Nipisslng Mines (quar.)
Extra
North American Company (quar.)
Northern States Power, pref. (quar.)
Nova Scotia Steel & Coal, com. (quar.)..
Preferred (quar.)
Oklahoma Gas & Elec., pref. (quar.)
Otis Elevator, common
Preferred (quar.)
Pacific Telep. & Teleg., pref. (quar.)
..
Pay-as-You-Enter Car Corp., pref. (qu.)
Pennsylvania Lighting, pref. (quar.)
Pennsylvania Sait (No. 95)
Pittsburgh Coal, pref. (quar.)
Pittsburgh Plate Glass, common (quar.).
Pope Manufacturing, pref. (quar.)
—
Procter & Gamble, pref.' (quar.)..
Quaker Oats, common (quar.). .
Oct.
Nov.
Oct.
Oct.
Oct.
Dec.
Dec.
Nov.
Oct.
Oct.
Oct.
Oct.
Nov.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Nov.
Oct.
Oct.
Oct.
Oct.
Oct.
15
1
1
15
15
1
1
1
15
1
1
1
15
1
3
20
1
1
1
1
15
Nov.
1
1
15
15
15
Oct.
IX
f>ct.
IX
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct
Oct.
1
Lead, common (quar.)
Heat & Pow., pf. (qu.) (No. 14).
Sugar Refining, pref. (quar.)...
Surety (quar.)
X
IX
IX
2
4
3X
IX
2
3,
2
5
2X
IX
>ct.
IX
IX
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
2
IX
IX
IX
IX
IX
IX
6
IX
IX
IX
2
2
X
IX
)ct.
Oct.
Nov.
(quar.) (No. 98)..
Republic Iron & Steel, pf. (qu.) (No. 35)
Safety Car Heating & Ltg. (auar.)
San Diego Cons. Gas & Elec., pref. (quar.)
Scranton Electric Co., pref. (quar.)
Sears, Roebuck & Co., pref. (quar.)
Shawinlgan Water & Power (quar.)
Sloss-Sheffield Steel & Iron, pref. (qu.)..
Southern New England Telephone (quar.).
South Porto Rico sugar Co., com.(quar.)
2
Oct.
Common (extra)
Preferred (quar.)
Standard Milling, pref. (No. 15)
2
2
Common (extra)..
Preferred (ouar.)
Reece Buttonhole Mach,
.
...
..
IX
2
IX
IX
IX
1
IX
IX
1
2
Subway Realty (quar.)
Swift & Co. (quar.) (No. 96)
Underwood Typewriter, pref. (quar.)
Union Bag & Paper, pref. (qu.) (No. 46).
Union Switch & Signal, com. <fe pref. (qu.)
IX
IX
IX
1
3
Books Closed.
Days Inclusive.
When
Payable.
>ct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Oct.
Union Typewriter, first preferred
3X
4
Second preferred
United Bank Note Corp., pref. (quar.)...
IX Oct.
United Cigar Stores, Corp. of(qu.)(No.5)
IX Oct.
50c Oct.
Extra
2
United Dry Goods, com. (quar.)
Nov.
United Electric Securities f preferred
$3.50 Nov.
2
United Fruit (quar.) (No. 45).
Oct.
10
Extra dividend
Nov.
2
United Gas Improvement (quar.)
Oct.
Oct.
United Shoe Machinery, common (quar.) 1
2
Preferred (quar.)
IX Oct.
1
Oct.
U. S. Finishing, com. (quar.) (No. 7)...
Preferred (quar.) (No. 45)
IX Oct.
1
Oct.
United States Glass (quar.)
1
Oct.
U.S. Smelt.,Refg. & Mining, com. (quar.)
IX Oct.
Preferred (quar.)
United States Printing of Ohio (quar.)..
IX Oct.
Utah Gas & Coke, pref. (quar.)
IX Oct.
2
Oct.
Virginla-Carollna Chem.,pf.(qu.)(No. 60)
Western Union Teleg. (quar.) (No. 166).
X Oct.
2X Oct.
Westlnghouse Air-Brake (quar.)
Extra
IX Oct.
1
Oct.
Special
Westlnghouse Elec. & Mfg., preferred..
IX Oct.
e Extra
e3X Oct.
..
«■
Oct. 16
Oct. 15
Sept. 22
Oct.
5
to
Oct.
6
Holders
Holders
Holders
Holders
Nov. 12
Nov. 12
Oct. 14
6
Oct.
of
of
of
of
rec.
rec.
rec.
rec.
to
to
to
to
Sept. 20
Sept. 20
to
to
Sept.24a
Dec. 1
Dec. 1
Nov. 1
Oct. 26
Oct. 2
Oct. 2
Sept.20a
Holders of rec.
Holders of rec. Nov. 5a
Holders of rec.Sept.26a
Sept. 23
to
Oct. 3
Oct.
1
to
Oct. 17
Holders of rec. Sept. 24
Holders of rec. Sept. 10a
Holders of rec. Sept,. 10a
Holders of rec. Oct. 15a
Holders of rec. Oct. la
Holders of rec. Sept. 20
Oct. 10
to
Oct. 15
Holders of rec. Sept. 30a
Holders of rec. Sep.21a
< »ct
to
Nov
16
1
Holders of rec. Sept. 26
Holders of rec. Sen. 28a
6
to
Oct.
Oct. 16
Holders of rec. Oct.
3
Sent. IO
to
Kent. 13
1
15
15
1
1
1 Sept. 25
to
Sept. 30
3 Holders of rec. Sept. 17
1 Sept.
1 Sept.
1 Sept.
Oct. 2
Oct. 2
Sept. 30
to
to
to
21
21
17
Holders of rec. Oct. 6a
Holders of rec. Oct.
1
28
15
1
15
20
20
Sept. 25
Oct.
to
2
Holders of rec. Oct. la
Oct. 1
to
Oct. 17
Oct. 17
Oct. 1
to
Holders of rec Sent. 15a
Holders of rec. Sept. 30
Holders of rec Sept. 30
Holders of rec. Sept. 30
Holders of rec. Sept. 30
Holders of rec. Sept. 30
Holders of rec. Sept. 30
Oct.
1
to
Oct. 15
Holders of rec. Oct.
1
1
15
15
15
15
15
15
15
15
15
15
25
1
31
15
15
15
30
15
Holders of
Holders of
Sept. 16
rec.
Sept. 26
rec.
Oct.
15
Oct.
2
to
Holders of
Sept. 25
rec.
to
Oct.21a
Oct. 16
Holders of rec. Oct.
la
Holders of rec. Oct. la
Holders of rec. Nov. la
Holders of rec. Oct.
5
1 Holders of rec. Ken. 17a
1 Holders of rec. Sept.14a
15 Holders of rec. Sept. 30
1 Sept. 23
Sept. 30
to
1 Holders of rec. Sept.15a
7
20 Holders of rec. Oct.
1 Holders of rec. Sept. 23a
1
to
Oct. 15
15 Oct.
1
1
1
31
1
3
1
15
10
1
1
1
15
15
1
1
15
4
15
5
5
1
1
5
15
15
1
1
15
15
1(
1(
1(
15
15
Sept. 21
Sept. 21
Sept. 21
to
to
to
Oct.
Oct.
Oct.
2
2
2
Oct. 26
to
Oct. 31
Holders of rec. Sept.24a
Holders of rec. Sept. 10
Holders of rec. Sept. 20
Holders of rec. Sept. 30a
Oct.
1
to
Oct. 10
Holders of rec. Sept. 17a
Holders of rec. Sept. 17a
Sept. 16
to
Oct.
2
2
2
to
to
Oct.
Oct.
16
16
Oct.
Oct.
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
Holders
of rec. Oct.22a
of rec. Sept. 27a
of rec. Oct. 24
of rec. Sept. 30
of rec.Sept.20a
of rec. Sept.20a
of rec. Sept. 20
of rec. Sept. 20
of rec. Sept. 28
of rec. Oct.
3
of rec. Oct.
3
Sept. 21
Sept. 23
to
to
Oct.
2
Sept. 30
Oct.
1
to
Oct.
21
24
24
24
to
to
to
to
Oct. 12
Oct. 10
Oct. 10
Oct. 10
6
6
to
to
Oct.
Oct.
Sept.
Sept.
Sept.
Sept.
Oct.
Oct.
16
16
16
a Transfer books not closed.
6 Declared 5% payable 2X% Oct 15 1910 and
2X% April 15 1911. e On account of accumulated dividends, declared 8%%
payable 3X% Oct. 15, 3X% Jan. 15 1911 and 1X% April 15 1911.
IVOL.
Statement of New York City Clearing-House Banks.—The
detailed statement below shows the condition of the New
York Clearing-House banks for the week ending Sept. 24.
The figures for the separate banks are the averages of the
daily results.
In the
ing Sept. 24 at Canadian cities, in comparison with the same
week of 1909, shows an increase in the aggregate of 22.5%.
Week
ending September 24.
1910.
$
44,509 ,192
28,987, 127
Canada—
Montreal
Toronto
Winnipeg
Vancouver
Ottawa
:
Quebec.
Halifax
Hamilton
St. John
Calgary
Victoria
London
Edmonton
Regina
...
Brandon
Lethbridge
....
Total Canada
19,373 234
10,188, 404
4,148 ,288
2,265 756
1.737, 214
1,908, 171
1,393, 203
2,886, 527
2,027, 647
1,175, 286
1,508 861
1909.
33,647.339
26,400,000
16,537,276
6,898,658
3,536,016
2,154,123
1,719,183
1,549,653
1,332,384
2,367,751
1,407,874
1,113,348
1,007,211
903 919 Not included
528; 188 Not Included
493 615 Not Included
122,108,910
99,670,816
Inc. or
Dec.
%
+32.3
+9.8
+ 17.1
+48.8
+ 17.3
+5.2
+ 1.0
+23.1
+4.6
+21.9
+44.0
+ 5.6
+49.8
1908.
30,733,874
23,059.300
13,113,220
4,376,846
3,072,476
2,310,538
1,481,843
1,386,086
1,400,264
1,463,984
1,149,935
992,691
737,340
1907.
30,361,131
18,715,200
9,994,180
4,374,936
3,081,661
2,061,151
1,692,810
1,560,317
1,300,649
1,182,933
1,004,242
1,101,580
728,461
In total
In total
in total
+22.5
85,278,397
77,189,251
of the totals, the actual figures
We omit two ciphers (00) in all cases.
Banks.
00» omitted.
Capital.
Surplus.
$
Loans.
A verage.
$
Specie.
Average.
Legals.
Average.
Deposits.
Average.
Res’ve.
$
$
$
%
3
Bank of N. Y__
Manhattan Co.
Merchants’
Mech. & Metals
America
Phenlx
2,000,0
3,520,3
20,558,0
2,050,0
4,184,5
33,200,0
2,000,0
1,789,6
20,637,0
6,000,0
7,988,0
53,058,4
1,500,0
5,874,2
24,754,0
1,000,0
724,9
6,799,0
City
25,000,0 31,519,7 177,114,4
Chemical.
3,000,0
6,494,7
28,487,7
Merchants’ Ex.
600,0
582,0
6,776,9
Gallatin
1,000,0
2,533,2
8,531,0
Butch. &Drov.
300,0
158,0
2,801,1
Greenwich
500,0
832,9
7,637,1
Am. Exchange.
5,000,0
4,439,8
33,552,9
Commerce
25,000,0 16,497,4 155,814,8
Mercantile
3,000.0
2,726,2
14,928,2
Pacific
500,0
913,1
3,646,4
Chatham
450,0
1,059,7
7,898,1
People’s
200,0
470,3
2,026,7
Hanover
3,000,0 11,910,1
71,021,2
Citizens’ Cent..
2,550,0
1,746,7
20,724,4
Nassau
500,0
538,2
7,189,8
Market & Fult’n
1,000,0
1,720,7
8,542,5
Metropolitan
2,000,0
1,478,9
12,439,4
Com Exchange
3,000,0
5,254,1
44,122,0
Imp. & Traders’
7,545,9
24,921,0
1,500,0
Park
81,898,0
5,000,0 12,524,1
East River
250,0
108,5
1,531,5
Fourth
5,000,0
5,624,9
28,940,0
Second
2,080,9
12,375,0
1,000,0
First
10,000,0 20,589,9 106,689,6
Irving
1,655,0
22,528,6
2,000,0
250,0
3,524,0
Bowery
815,9
N. Y. County.
500,0
1,657,4
7,714,8
German-Amer
750,0
4,095,0
689,5
Chase...
7,706,8
79,737,7
5,000,0
Fifth
100,0
2,109,4
12,472,1
German Exch..
200,0
895,2
3,960,8
Germania
200,0
1,016,6
4,771,7
Lincoln
1,000,0
1,542,5
14,177,5
Garfield
1,197,7
1,000,0
7,991,4
Fifth
499,9
250,0
3,396,3
Metropolis
1,000,0
2,078,2
10,741,9
West Side
200,0
1,019,2
4,374,0
Seaboard
1,960,2
19,258,0
1,000,0
2,771,2
19,642,9
1,000,0
Liberty
N. Y. Prod. Ex.
757,1
8,342,3
1,000,0
State
782,2
1,000,0
14,611,0
14th Street
320,4
3,880,9
1,000,0
Coal & Iron....
392,1
5,843,0
1,000,0
4,149,0
875,0
18,788,0 26.7
38,300,0 26.3
8,454,0 1,633,0
21,302,0 25.7
4,263,0 1,223,0
11,615,6 1,027,0
50,912,7 24.8
24,574,0 25.1
4,351,7 1,830,9
1,058,0
421,0
5,628,0 27.0
45,347,7 6,210,0 173,948,3 29.6
4,666,4 1,912,9
26,006,0 25.4
6,825,4 24.8
1,538,4
156,2
6,639,1 25.4
1,170,9
517,5
2,373,1 27 1
582,1
62,9
1,834,5
203,0
8,486,0 24.0
32,675,8 26.4
6,968,8 1,641,8
29,374,1 6,782,9 137,281,4 26.4
1,758,9 1,102,3
11,252,2 25.4
475,5
2,995,6 26.6
322,7
980,6 1,230,0
8,348,4 26.4
403,9
2,105,8 25.5
133,4
13,638,6 6,993,9
80,583,5 25.6
19,856,2 27.0
5,000,5
324,5
752,2 1,154,4
8,016,3 23.7
992,0
8,534,7 27.8
1.381,1
3,038,3
229,6
12,927,6 25.2
8,942,0 5,002,0
52,571,0 26.5
3,952,0 2,297,0
22,691,0 27.5
20,990,0 1,293,0
86,000,0 25.9
87,0
1,392,4 21.8
217,3
5,113,0 2,300,0
28,161,0 26.2
223,0
2,841,0
11,927,0 25.6
96,272,2 25.4
22,364,1 2,091,7
24,895,5 28.3
5,935,3 1,121,1
3,696,0 24.6
853,0
57,0
7,715,4 25.4
1,283,4
641,6
218,8
3,880,5 25.0
757,3
16,777,9 5,215,9
87,224,3 25.2
2,505,7 1,205,9
14,080,6 26.3
3,883,0 24.6
467,2
488,8
509,1
5,477,9 25.4
895,4
3,386,6 1,088,1
15,602,5 28.6
2,054,2
8,211,0 28.4
281,0
300,9
666,9
3,615,3 26.7
10,408,1
25.7
1,077,6 1,598,8
940,0
224,0
4,796,0 24.2
3,996,0 1,691,0
22,038,0 25.8
4,981,0
871,4
21,164,9 27.6
9,868,8 25.3
2,268,3
237,3
307,0
17,980,0 25.6
4,307,0
539,9
6,168,4 25.2
1,015,8
5,913,0 26.3
852,0
708,0
....
..
_
.
Totals, Average 132,350,0 193,297,9 1281,680,0 272,091,0 67,732,0
Actual
figures
1283,993,9^26.4
1285,532,2 271,384,8 67,617,2 1285,703,1 26.3
Sept. 24.
On the basis of averages, circulation amounted to $46,610,300 and United States
deposits (Included In deposits) to $1,634,700; actual figures Sept. 24, circulation,
$47,159,600; United States deposits, $1,549,900.
Banking Department also now furnishes weekly
banks and trust companies under its
charge. These returns cover all the institutions of this class
in the whole State, but the figures are compiled so as to
distinguish between the results for New York City (Greater
New York) and those for the rest of the State, as per the
following:
For definitions and rules under which the various items are
The State
returns of the State
“Chronicle,” V. 86,
made up, see
p.
316.
STATE BANKS AND TRUST COMPANIES.
Trust Cos.
State Banks
State Banks
Trust Cos.
outside of
in
outside of
in
Greater N. Y. Greater N. Y. Greater N. Y. Greater N. Y.
,
Week ended Sept.
24.
$
$
$
$
Capital as of Aug. 31
25,175,000
65,406,000
*9,023,000
9,775,000
Surplus as of Aug. 31
38.315,700
172,375,500
*10,796,145
10,098.115
296,533,100 1,004,987,700
—688.700
+ 1,176,800
94,544,000
+ 645,100
137,789,600
—333,700
Loans and Investments..
week.
Change from last
week.
49,637,800
+782,500
113,961,900
—1,133,200
Legal-tenders & bk. notes
Change from last week.
24,618,200
—189,700
+ 1.105,500
Specie
Change from last
Deposits
week.
r,
12,693,500
343,660,300 1,087,408,300
—4,200,800
+ 1,648,100
99,901,000
+622,800
143,766,700
—96,200
deposits
Change from last week.
95,933,100
+202,800
133,793,600
—555,300
20,393,100
—259,600
20,015,800
—178,400
deposits..
28.5%
28.6%
16.3%
16.4%
21.2%
21.5%
14.6%
14.6%
Reserve on
P. C. reserve to
Percentage last week..
+ Increase over
Clearings at-
case
at the end of the week are also given.
For definitions and rules under which the various items are
made up, see “Chronicle,” V. 85, p. 836.
Change from last
Canadian Bank Clearings.—The clearings for the week end¬
LXXXXI
last week.
—
Decrease from last week.
*As of June 30.
Note.—"Surplus” Includes all undivided profits. "Reserve on deposits” In
eludes for both trust companies and State banks, not only cash items, but amounts
due from reserve agents.
Trust companies in New York State are required by
law to keep a reserve proportionate to their deposits, the ratio varying according to
location as shown below.
The percentage of reserve required is computed on
the aggregate of deposits, exclusive of moneys held in trust and not
payable within
thirty days, and also exclusive of time deposits not payable within 30 days, repre¬
sented by certificates, and also exclusive of deposits secured by bonds of the State
of New York.
The State banks are likewise required to keep a reserve varying
according to location, the reserve being computed on the whole amount of deposits
exclusive of time deposits not payable within 30 days, represented by certificates
(according to the amendment of 1910), and exclusive of deposits secured by bonds
of the State of New York.
—Trust Cos.—
—State Banks—
„
Reserve Required for Trust
Und State Banks.
Location—
Manhattan Borough
Companies
Boroughs with branches In
Elsewhere in State
r-- - ,
Total
Reserve
which Reserve
Required in Cash.Required
25%
15%
15%
Brooklyn Borough (without branches in Manhat.)15%
Other boroughs (without branches in Manhattan) 15%
Brooklyn Borough, with branches in Manhattan.. 15%
Other
Of
Total
Manhattan....15%
10%
.
10%
10%
15%
15%
6%
20%
16%
20%
15%
15%
Of
which
in Cash
15%
10%
7X%
20%
15%
0%
GOT.
THE CHRONICLE
11910.)
Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House, These figures are shown in the table below, as are
also the results (both actual and average) for the ClearingHouse banks. In addition, we have combined each corre¬
sponding item in the two statements, thus affording an aggre-
849
We omit tu>o ciphers
The
reater
York.of the banks and trust companies in the
gite
for New
the whole
AND TRUST COMPANIES.
NEW YORK CITY BANKS
Week ended Sept.
24.
Clear.-House
Banks.
ActualFigures
Clear.-House State Banks A
Batiks.
Trust Cos. not
in C.-H. Aver.
Average
Total of all
Banks & Trust
Cos. Average.
(00) in all these figures.
Capital
and
Banks.
Loans.
Specie.
$
$
Boston.
$
Sept. 3—
Sept.10—
Sept.17._
Sept .24..
_
a
253,392,0
254,346,0
55,465,0
55,465,0
55,465,0
55,465,0
254,866,0
254,583.0
206,981,0^0
Surplus as of Aug. 31..
193,297,900
193,297,900
180,661,300
373,959,200
the imports at New York for
totals since the beginning of
1,093,731,800 2,375,411,800
—249,9
Change from last week
272,091,000
—3,434,500
120,447,200
—1,259,300
Legal tenders
Change from last week
67,617,200
—1,503,400
67,732,000
—796,800
521,179,400
+ 1,110,300
Aggr’te money holdings
Change from last week
339,002,000
—3,419,100
339,823,000
—4,231,300
C141,626,600
—149,000
481,449,600
—4,380,300
26,698,200
—761,800
26,698,200
—761,800
508,147,800
—5,142,100
392,538,200
—4,693,800
,
88,911,400
+313,500
146.804.5
106,392,1
131.156.7
136.223.7
16,448,0
16,484,0
16,493,0
16,447,0
the week ending Sept. 24; also
the first week in January:
FOREIGN IMPORTS AT NEW YORK.
1,285,703.100 1,283,993,900 ol,045,385,300 2,329,379,200
Deposits
—1,000,200
+ 1,495,400
+ 1,628,800
Change from last week
+ 628,600
271,384,800
—1,915,700
300,431,0
299,806,0
306,861,0
305,459,0
106,015.1
143,101,0
142.593.5
Imports and Exports for the Week.—The following are
| +7,569.000
Specie
Change from last week
$
130.989.5
Including Government deposits and the item "due to other banks.” At Boston
amounted to $3,048,000 on Sept. 24, against $3,044,000 on
74,631,000
1,281,680,000
+6,800,400
+7,818,900
$
243,439,0 7,837,0
240,607,0 7,947,0
246,921,0 7,968,0
247,117,0 7,947,0
Government deposits
132,350,000
Loans and investments 1,285,532,200
4,509,0
4,728.0
4,967,0
75,558,0
74,557,0
75,596,0
74,903,0
132,350,000
$
4,573,0
Clearings
PWla.
Sept. 3__
Sept.10..
Sept.17Sept. 24.
Capital as of Aug. 31..
%
Circu¬
lation.
a
$
$
206,500,0 21,787,0
40,200,0 206,059,0 20,882,0
40,200,0 204,708,0 22,518,0
40,200,0 204,394,0 23,541,0
40,200,0
Sept. 17.
$
Deposits,
Legals.
Surplus.
Dry Goods
General Merchandise
Total
Since January 1.
Dry Goods
General Merchandise
1908.
1909.
1910.
For Week.
1907.
$3,037,192
13,192,383
$3,060,301
14,866,217
$2,441,163
11,926.512
$16,229,575
$17,916,518
$14,367,675
$116,002,118 $124,537,245
561,214,336 503,342,714
364,741,119
$3,091,210
10,771,447
$13,862,660
I
$88,653,080 $139,804,732
505,533,211
$677,216,454 $627,879,959 $453,394,199 $645,337,943
Total 38 weeks
Money on deposit with
other bks. A trust
cos.
Change from last week
Total
reserve
Change from last week
339,002,000
—3,419,100
339,823,000
—4,231,300
168,324,800
—910,800
26.39%
26.70%
26.49%
26.86%
18.7%
18.2%
Percentage to deposits
requiring reserve
Percentage last week,.
EXPORTS FROM NEW YORK FOR THE WEEK.
$12,093,483
469,472,608
For the week
Previously reported
+ Increase over last week. — Decrease from last week.
These are the deposits after eliminating the Item “Due from reserve depositories
and other banks and trust companies In New York City;” with this item included,
deposits amounted to SI.200,159,700, a decrease of $4,173,900 from last week. In
the case of the Clearing-House banks, the deposits are "net” both for the average
and the actual figures,
b Includes bank notes, c Of this amount State banks held
$14,971,200 and trust companies $126,655,400.
1907.
1908.
1909.
1910.
1
18,824,525
17,576,225
Surplus reserve
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Sept. 24 and from Jan. 1 to date:
$10,215,943
432,871,100
$12,337,728 $15,688,344
466,702,606 448,237,940
$481,566,091 $443,087,043 $469,040,394 $463,926,284
Total 38 weeks
a
The averages of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing House compare
as follows for a series of weeks past:
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
July
July
Aug.
Aug.
Aug.
Aug.
Sept.
23..
30..
6..
13.
.
20..
27..
3__
Sept. 10—
Sept. 17_
.
Sept. 24..
Specie.
Deposits.
2,318,054,8
2,305,891.4
2.319.167.3
2.331.975.4
2.339.911.8
2.346.781.2
2.348.900.4
2.355.593.2
2.367.842.8
2.375.411.8
2.298.440.2
2.299.609.1
2.299.315.5
2,316.350,0
2,326,315,7
2.331.878.3
2.326.474.5
2.320.771.3
2.328.750.6
2.329.379.2
$
389.600.7
399.777.7
405.702.3
416.194.1
421.847.4
421,021,3
412.681.1
401.048,5
397,232,0
392.538.2
Legals.
Holdings
Deposit.
on
Capi¬
tal.
Sur¬
plus
.
482.104.9
494.429.9
499,697,3
508.850.8
512,546,6
512.484.5
502.336.1
489.173.2
485.829.9
481.449.6
Loans,
Legal
Deposit with
Dis&ts
and
Invest¬
Tender
and
Bank
Clear¬
Specie
Notes.
ments.
504,939,4
518,815,9
525,172,3
535.467.8
539.637.8
537.996.1
528.336.2
516.456.2
513.289.9
508,147,8
$
100,0
Century
250,0
Colonial *-.400,0
Columbia..
300,0
200,0
Fidelity
Jefferson...
500,0
Mt. Morris.
250,0
Mutual
200,0
Plaza
100,0
23d Ward..
200.0
Un.Ex.Nat. 1,000,0
Yorkvllle
100,0
New Neth’d
200,0
Batt.Pk.Nat
200,0
Aetna Nat.
300,0
Borough of
Brooklyn.
Broadway
200,0
Mfrs.’ Nat.
252,0
Mechanics’
1,000,0
750,0
Nassau Nat.
Nat. City..
300,0
North Side.
200,0
...
..
.
First Nat..
300,0
$
ing
Agent.
Other
Banks
Ac.
400,0
250,0
200,0
Hud.Co.Nat
Third Nat..
Hoboken.
First Nat..
Second Nat.
$
$
$
Net
Deposits.
513,3 3,062,1
831,9 5,412,4
815,4 11,477,6
1,010,4 6,887,0
601,8
4,007,0
139,0 2,072,6
611,0 3,339,0
483,3
27,5
356,3
344,8
337,2 1,352,6
616,0
311,0
609,0
99,0
112,2
128,6
334.0
74,0
513,2
1,120,6
1,669,8
305,8
135,9
43,0
295,6
48,8
143,6
2,484,1
123,3
98,2
28,5
89,6
1,251,8
1,274,9
1,342,4
4,929,0
6,110,0
945,7
3,209,3
2,549,4
3,502,5
3,959,0
1,885,8
8,184,4
4,241,2
!
751,(
623,31
_
5,557,3
2,248,0
1,282,9
_
3,100,9
2,732,6
Tot .Sept .24 8,497,0 13,421,6 100425,8 7,386,5
Tot .Sept.17 | 8,497,0 i 13,421,6 100141,7 7,478,9
Tot .Sept.10
8,497,0 | 13,421,6 99.659,8 7,324,2
1,400,0
630,0
356,4
630,0
353,3 3,853,0
172,5 6,244,1
274,9 15,021,9
7,375,0
174,0 5,082,0
109,8 2,514,6
38,0 3,133,0
Philadelphia.
Since Jan. 1
$13,469,736
3,438,577
$32,150,000
_
314
4,455
1
$400
West Indies
Mexico
South America
All1 other countries
3,283,932
$51,639
9,243,166
28,501
60,109
569
..
41,900
402,024
232,708
1,779,029
940,827
Total 1910.
Total 1909
Total 1908
$400 $44,723,453
$10,000 76,694,442
506,125 47,647,925
$140,818 $20,263,215
$61,609 $6,862,085
760,909 14,117,069
$816,454 $29,843,599
53,300
1,717,900
477,955
1,609
580
67,798
$13,344
Silver.
Great Britain
France
.
-
Germany
West Indies
Mexico
South America
All other countries
Total 1910
Total 1909
Total 1908
t
..
750
500
41,505
6,105
$873,193 $32,154,862
956,285 34,053,188
810,016 31,350,685
..
.
1,464
-
.
$2,436
8,919
29,492
34,464
12,374
68,205
1,307,790
1,083,272
1,034,984
$75,311 03,521,433
168,978
3,745,647
61,953
2,708,310
imports for the week in 1910, $50,940 were
coin and $1,140 American silver coin. Of
exports during the same time, $400 were Ameri-
Of the above
merican gold
ie
(
gatiMttg anti ffittaticial.
INVESTMENT SECURITIES
No.687 describes several Issues of sound
yielding about 4K to 5 H% •
Our eight-page circular
Investment bonds
Spencer Trask & Co.
43 EXCHANGE PLACE. NEW YORK
Brandi offices: Chicago, Ill., Boston. Mass., Albany, N. Y.
WHITE, WELD &
227,4
533,8
144,0
106,0
34,6 :
6,968,8
2,712,9
2,368,0
139,5
69,4
152,7
165,3
2,774,2
2,938,5
8,427,8 14,616,4 3,637,0 115554,0
8,259,9 15,193,0 3,761,1 116153,2
CO.
Members New York Stock Exchange
5 NASSAU STREET.
NEW YORK
'
THE ROOKERY.
CHICAGO
BANKING and EXCHANGE of every description In connection
with
EXPORTS & IMPORTS
International Banking Corporation
60 Wall St.. New York.
CAPITAL & SURPLUS. $6,900,000
BRANCHES and AGENCIES throughout the WORLD.
8,283,0 13,664,4 3,720,3 114304,0
Boston and Philadelphia Banks.—Below is a summary of
the weekly totals of the Clearing-House banks of Boston
atd
_
Week.
Since Jan. 1
2,042,7
'
5,273,6
3,126,4
394,5, 2,041,7
245,9
$
1,257,9
1,330,2
7,171,7
7,016,0
953,5
3,369,6
3,432,7
4,018,8
4,849,0
2,149,3
7,888,4
16,5
149,9
163,3
50,6
658,3 1,022,4
74,0
811,0
153,0
265,5
113,7
82,3
504,4
5,3
431,4
767,0
258,3
194,9
259,5
390,4
5,0
179,0
85,7
18,1
94,6
2,207,0
1,407,8
2,144,5
220,0
125,0
j
$
46,3
136,6
211,8
28,1
470,7
745,7
539,0
583,0
61,0
86,6
272,1
200,5
486,4
30,4
563,6
36,0
366,0
319,0
48,3
155,4
988,6 1,000,0
765,7
52,4
84,0
252,0
37,6
253,4
26,8
469,5
Jersey City.
First Nat..
$
270,6
160,2
362,5
751,7
175,5
521,3
313,8
371,3
453,8
106,5
952,4
451,8
265,5
156,8
317,7
Week.
1
N. Y. City
Boroughs oj
Man.A Brx
Wash. Hgts
Imports.
Exports.
Gold.
$
92.504.2
94.652.2
93,995,0
92.656.7
90.699.2
91.463.2
89,655,0
88.124.7
88,597,9
88,911,4
Reports of Clearing Non-Member Banks.—The following is
the statement of condition of the clearing non-member
banks for the week ending Sept. 24, based on average
daily results:
Banks.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Germany
Tot. Money Entire Res.
Loans and
Investments
1909 and 1908:
Great Britain
France
We omit two ciphers in all these figures.
Week
Ended.
table shows the exports and imports of
specie at the port of New York for the week ending Sept. 24
and since Jan. 1 1910, and for the corresponding periods in
The following
THE INTERNATIONAL BANK
Organized under the Laws of N. Y. State.
60 Wall St., New York
Invited. Interest paid on Term Deposits.
THOMAS H. HUBBARD Pre
Accounts
850
THE CHRONICLE
aitluers* ©alette.
1524$.
to choose the limited income derived from bonds rather than
a
continuance, under present conditions, of the
dividends which railway shares have
paid in recent years.
The present and
prospective financial conditions abroad
are illustrated
by an advance in the Bank of England’s
official discount rate from 3 to 4
per cent.
This matter is
regarded as of considerable importance in Wall Street and
upon receipt of the news here rates advanced for both call
and time loans to the
highest recorded in some time past.
The surplus reserve of the Associated Banks was reduced
about $4,000,000 last week and the indications are that it
has been further reduced this week.
In view of the ex¬
ceptionally limited Stock Exchange business, however, and
the probability that before
long a return flow of funds from
the South and West
may be looked for, it is not generally
thought that there will be any embarrassing money strin¬
gency during the remaining months of the year.
A decline in price of some of the
important agricultural
products, especially of corn, is one of the developments of
the week.
The corn crop, perhaps the
largest ever harvested,
is now practically secure from
damage by frost, and it is
well known that the wheat
crop is considerably larger than
the
midsummer estimates made it.
The open market rates for call loans at the Stock
Exchange
during the week on stock and bond collaterals have ranged
from 1% to 3%.
To-day’s rates on call were 2@3%.
Commercial paper quoted at 5 34 @5 24% for 60 to
90-day
endorsements, 5%@5%% for prime 4 to 6 months’ single
names and
6@G%% f°r good single names.
The Bank of England
weekly statement on Thursday
showed a decrease in bullion of £1,742,484
and the percentage
of reserve to liabilities was
50.39, against 53.36 last week.
The rate, of discount was advanced on
Sept. 29 from 3%
as fixed June 9, to
4%. The Bank of France shows a de¬
crease of 9,150,000 francs
gold and 3,525,000 francs silver.
NEW YORK CITY
CLEARING-HOUSE BANKS.
1910.
Averages for
week ending
Capital
Surplus
Loans and
Differences
Sept. 24.
from
previous week.
$
$
132,350,000
193,297,900
discounts.. 1,281,680,000 Inc.
Circulation
46,610,300 Inc.
Net deposits
1,283,993,900 Inc.
U. S. dep. (incl. above)
1,634,700 Dec.
Specie
272,091,000 Dec.
Legal tenders
67,732,000 Dec.
Reserve held
25% of deposits.
Surplus
Surplus, excl. U. S. dep
1908.
Averages for
week ending
Sept. 26.
$
7,818,900
1,419,000
1,628,800
68,100
3,434,500
796,800
127,350,000
126,350,000
177,371,800
161,115,900
1,316,942,100 1,312,020,500
51,559,600
54,116,500
1,343.551,900 1,405,935,000
1,766,800
9,336,200
274,303,900 321,194,500
71,461,500
80,328,800
339,823,000 Dec. 4,231,300
320,998,475 Inc.^
407,200
reserve-
1909.
Averages for
week ending
Sept. 25.
345,765,400
335,887,975
401,523,300
351,483,750
18,824,525 Dec.
4,638,500
9,877,425
50.039,550
19,233,200
4,655,525
10,319,125
52,373,600
Note.—The Clearing House
now
Dec.
issues
statement weekly showing the actual
condition of the banks on Saturday
morning as well as the above averages. These
figures, together with the returns of separate banks, also the
summary issued by the
State Banking Department,
giving the condition of State banks and trust companies
not reporting to the
Clearing House, appear on the second page preceding.
a
Foreign Exchange.—An advance in rates which culminated
on
Wednesday was followed by a sharp decline at the close
of the week, with
plenty of exchange on offer.
To-day’s (Friday’s) nominal rates for sterling
exchange
were 4 84 for
sixty day and 4 87 for sight. To-day’s actual
rates for sterling
exchange were 4 8350 @4 8360 for
days, 4 8635@4 8640 for checks and 4 8665@4 8675sixty
for
cables.
Commercial
on
banks 4 8224@4 83 and docu¬
4 83%@4 83)4. Cotton for payment
grain for payment 4 83 34@4 8324.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 2024 less
3-32@5 2024 less 1-16 for long and 5 1824
less 1-32@5 1824 for short.
Germany bankers’ marks were
94%@94 11-16 for long and 95 3-16 less l-32@95 3-16 for
short.
Amsterdam bankers’ guilders were 40
27@40 29
for short.
ments for payment
4 83 @4 83)4 and
Exchange at Paris
on
Sterling Actual—
High for the week
Low for the week
Paris Bankers’ Francs—
High for the week
Low for the week
Germany Bankers’ Marks—
High for the week
Low for the week._.
Amsterdam Bankers’ GuildersHigh for the week
Low for the week
Sixty Days.
Cheques.
Cables.
4 84
4 835*
4 8685
4 8630
4 8660
5 20%
5 21V*
5 18% less 1-16
5 185* less 1-16
5 185*
5 185*
945*
94%
40 10
40
4
95 5-16 less 1-32
955*
875*
955* less 1-32
95 3-36
40 30
40 26
40 34
40 30
The following are the rates for domestic
exchange at the
undermentioned cities at the close of the week:
Chicago,
5c. per
$1,000 discount.
at
45, and $42,000 New York Canal at 104% to 105.
The market for railway and
industrial bonds has been
somewhat more active than last week and in
several cases
a substantial
advance in prices has occurred.
There has
been practically no
change in the character or tone of the
market from day to
day.
United States Bonds.—Sales of Government bonds at
the
Board are limited to $10,000
4s, coup., at 11534, and $5,000
3s, coup., at 102. The following are the daily closing
quo¬
tations; for yearly range see third page following.
!!
2s,
2s,
3s,
3s,
4s,
4s,
2s,
2s,
Interest
Sept.
Periods
Sept.
24
26
1930
registered Q—Jan *1005*
1930
coupon Q—Jan *1005*
1908-18
registered Q—Feb *1015*
1908-18
coupon Q—Feb *1015*
1925
registered Q—Feb *1145*
1925
coupon Q—Feb
1155*
1936.Panama Canal regis Q—Feb *1005*
1938.Panama Canal regis Q—Nov *1005*
i
♦This is the
price bid
at the
*1005*
*1005*
*1015*
*1015*
*1145*
*115
*1005*
*1005*
Sept. ' Sept.
27
i 28
Sept.
Sept.
30
29
*1005* *1005* *1005* *1005*
*1005* *1005* *1005* *1005*
*1015* *1015* *1015* *1015*
102
*1015* *1015* *1015*
*1145* *1145* *1145* *1145*
*115
*115
*115
.*115
*1005* *1005* *1005* *1005*
*1005* *1005* *1005* *1005*
1
morning board;
no
sale
was
made.
Railroad and Miscellaneous Stocks.—Where
changes have
occurred in stock market values,
they are in almost every
case
to
a
direction
higher level, the tendency having been in that
much of the time throughout
the week. The
movement was led by
Reading, which was 4 24 points higher
on Tuesday than at the close last
week.
Manhattan Elevated
has advanced 434 points on limited transactions.
A few
other issues have also been
notably strong, including Canad¬
ian Pacific, Union Pacific,
Southern Pacific, Chesapeake &
Ohio, Consolidated Gas, Amalgamated Copper and American
Telephone & Telegraph, nearly all of which close with a net
gain of from 2 to 4 points. On the other hand, a few issues
have been relatively weak,
closing without net change or
fractionally lower.
Apparently these changes are the result chiefly of the
operations of professional traders on the floor of the Exchange
as commission
„
house business has been
very much restricted.
Moreover, the total volume of business steadily diminished
day by day, until to-day, when the transactions were some¬
what larger than during the past
two days.
For daily volume of business see
page 860.
The following sales have occurred this week of shares
not
represented in
our
STOCKS.
Week
ending Sept. 30.
detailed list
Sales
on
the pages
Range for Week.
for
Week.
Lowest.
American Teleg A Cable
Associated Oil Cos
277
Batopllas Mining
800) $2
75
10 48
Cent & Sou Amer Teleg.
10118
Comstock Tunnel
500 23c.
Detroit & Mackinac....
110 80
Preferred
200 96 5*
Evansv & Terre Haute.
600 605*
General Chemical, pref..
100103
Homestake Mining
55 85
Nor Ohio Trac& Light.
300 385*
Ontario Silver Mining—
100
25*
Peoria & Eastern
300 20
St L & S F—C <t E Ill
new stock trust certs. $5,000* 53
United Cigar Mfrs, pref.1
300100
Sept 30
Sept 29
Sept 28Sept 29 1
Sept 26
Sept 24
Sept 29
Sept 30
Sept 291
Sept 26
Sept 27
Sept 27
Sept 27
Highest.
Sept 30
Sept 29
Sept 30
Sept 29
Sept 26
Sept 29
Sept 29
Sept 30
Sept 29
Sept 27
Sept 27
Sept 27
Sept 27
which follow:
Range since Jan. 1.
Lowest.
71
48
Highest.
77
Jan
Sept
Sept 525* June
Sept $35* Jan
110
Jan
Aug 120
23c. July 36c.
Jan
80
July 85
Aug
965* Sept 96 5* Sept
55
61
Sept
Sept
$2
1015* June 107
Mch
Feb
81
35
2
18
89
38 5*
Sept
July
35*
Sept 28
Feb
Jan
53
100
Sept 63
Sept 1095*
Feb
Feb
Jan
Feb
Outside Market.—The market for outside securities moved
in
irregular fashion this week, though a firm undertone was
maintained, and in several of the issues substantial improve¬
ment was made.
A raid, at the instigation of the Federal
authorities, on B. H. Scheftels & Co., a firm of mining brok¬
ers with offices overlooking the
“curb,” and the collapse in
the stocks promoted by this firm, distracted the attention of
the market for a time.
Of the so-called Scheftels
stocks,
Ely Central broke from 52 cents to 20 cents, Jumbo Extension,
after being advanced from 60 to 73, dropped to
28, and Rawhide Coalition, which in 1908 was boosted from 40 cts. to
$1 46, tumbled from 1034 cents to 4 cents, and closed
to-day
at 6 cents.
Other mining shares have been
generally firm.
British Columbia became unusually active and advanced
over a point to 6%. To-day it rose further to
734 closing at 7.
Chino Copper maintained its prominence and sold
up from
18% to 19, a new high record.
Miami Copper moved
up from 19 to 19% and Ray Consolidated from 18 to 18%,
the close to-day being at 18%.
El Rayo advanced from
3 13-16 to 3% and reacted to 3%.
Kerr Lake fluctuated
between 634 and 634 and finished to-day at 634La Rose
Consolidated went up from 3 13-16 to 3 15-16 and down to
334. Nipissing from 10% reached 11%, fell to 1044 and
closed to-day at 10 11-16.
In miscellaneous securities,
American Tobacco was conspicuous for an advance of 10
points, to 410. Subsequently all the improvement was lost,
though sales were reported to-day at 405. Intercontinental
Rubber, after fluctuating between 29% and 3034, ran up to
30% and finished to-day at 30%. Standard Oil went down
from 600 to 598% and up to 600%, closing
to-day at 600.
In bonds, Western Pacific 5s advanced from 94 to
94%.
Outside quotations will be found on page 860.
>
London, 25f. 2424c.; week’s range,
25f. 2534c. high and 25f. 22
24c. low.
Exchange at Berlin on London 20m. 4424pf.| week’s range,
20m. 45%pf. high and 20m.
4334 pf. low.
The range of foreign exchange for the week follows:
...
$1,000 discount.
Per
State and Railroad Bonds.—Sales of State
bonds at the
Board include $5,000
Virginia 6s, deferred trust receipts,
less not much
hope for
LXXXX
San Francisco, 50c.
per $1,000 premium.
New Orleans,
commercial, 75c.@$1 per $1,000 discount; bank, $1 per
$1,000 premium. St. Paul, 15c. per $1,000 premium.
Savannah, buying, 3-16c. discount; selling, par. St. Louis,
par bid;
10c. per $1,000 premium asked.
Charleston,
buying, par; selling, l-10c. premium. Montreal, 46
Wall Street, Friday Night, Sept. 30 1910.
The Money Market and Financial Situation.—A charac¬
teristic of the markets this week has been a further increase
in the demand for
bonds, chiefly observable at the offices
of leading bond houses, and a
falling off in the trading in
shares until to-day as the week advanced.
There is doubt¬
importance attached to this fact and yet per¬
haps it is significant, especially if it shows that there is an
increasing tendency on the part of capitalists and investors
(VOL.
Boston, 10c.
per
$1,000 discount.
/
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
STOCKS—HIGHEST AND LOWEST SALE PRICES.
Sept. 26.
.
*24
*65
104*2 104%
9834 99*4
100% 10034
109
110%
104% 105*8
*86
*86
985* 985*
1003* 100%
109
75*4
*190
*62
*245
75*4
29*4
*---.
23*4
47
109
89
763*
191*4
67*2
290
75*4
29*4
65*2
23*2
47
47
120*4 12034
*145
*145
*201
*133
*140
♦25*
*73
♦995*
*5234
*72
*69
*162
*495
147
146
210
150
165
♦25*2
*42%
*32*4
3*2
*2%
75
110
54*2
74
72
165
575
*95
*95
56%
*16*4
*29*2
*70
*28%
*62
*16
*36
2578
95*2
*23
*40
24
49
134
150
86*4
31
*61%
62*2
*38
*151% 153*4
UP
96*2
*83
147
40*2
96*2
89
110
110
114
«P 128%
♦101
116
94
143
*86%
*05
♦38%
25
59
152
*144
40
96
*7
*23
47
*46
78*8
*99%
54
72%
31%
72
61
11%
24
•22%
26%
44%
34%
12578 126*4
55*4 56
*90
*__.
*_.__
596
*500
24
11%
23
26
43*2
33%
164
61
55%
73*2
73*2
166
Yl%
*29*i
72*i
72%
*64
*11
23
26
12*|
26
26%
43*4
33
33*2
125% 126%
54% 55%
14% 14%
60
13
34
*6%
44%
44
48%
34
337s
126
126%
65*8
66%
*90"
*90
97
96
*___.
*.... 120
97
96
120
110
54%
*72*i
*72
166
31%
72*8
•55
*11
72%
97
18
40
69
144
139
*15
*35
49
*38
18
40
69
*66*2
143Tg 144*4
*137*2 140
23% 237j
23*4
49
68*s 68%
143% 143%
138
23*2
*40
134% 135*4
110
93
*60
*100
*80
152
148
*144
15278
110
110
114
227g 2278
61% 51%
110*2 110%
165
1657g
91
91%
26*2 26%
55% 55*2
16% 16%
85*2 35*4
*43% 44%
*67*4 68*2
5%
6%
11
11*4
634
7*8
*49
62%
41
*96*2
*83
116
*99
*80
*100
129%
129%
94
♦101
94
116
30%
62
*60
40
27
61
31%
62*2
65
40
29*2
111
16578 167*4
92
92
28%
28*4
58
*55
16*4
36
*43
12
7*8
*50
I6S4
36
44
67*4
57g
31%
63
*60
40
29*2
65
66
114% 115*4
22% 23%
52*4 52*2
*25*2 27
9*2
9%
8
8%
22*4 23
52
51%
*109
1457a
87
99
87
98
97
8*2
265
7884
23*2
46%
121%
147*4
146*2
*201
*183
*140
*2*2
72*2
*99
55%
*73
*72
*165
525
30%
72%
*54
*11
265
135
135
*130
114*4
23*2
53
27
9*8
*7%
23
52
110*4
166*2
91%
*28
56
*16*4
36%
44
67*4 ♦66%
6
12
5
*10
7%
50%
*6%
52
EXCHANGE
i<aii.oads
.....
AnnDo
Arbor
pref..
25
..
25,100 Atch Topeka A Santa Fe
Do pref.............
1.200 Atlantic Coast Line RR..
4.000 L)a!tUnore A Ohio......
Y>
Do pref
...
33.900 Brooklyn Rapid Transit.
tanadlan Pacific.......
16.320
Canada Southern......
385 Central of New Jersey...
750
'
79% 70,816 Chesapeake A Ohio.—
400 Chicago A Alton RR....
Do pref
65%
1,600 hie Gt West trust ctfs
23*2
Do pref trust ctfs
500
46*2
122% 20,100 Chicago M’lw A St Paul..
Do pref
430
148
4,317 Chicago A North Western
148*2
Do pref
210
....
■
.....
P
721a
110
56
74
74
167
525
32*4
73
61
Chic St P Minn 5 Omaha
Do pref.............
400 Ohio Un Trao ctfs stmpd
Do pref ctfs stmpd....
100
100 Cleve Cin Chic & St L
Do pref.
o A Southern....
1,900 Colorado
Do lit preferred......
250
Do 2d preferred......
v
700
500
Delaware
A Hudson
etaware Lack
A West.
4,520 Denver A Rio Grande...
Do pref.............
865
Detroit United.........
215 Duluth So Shore A Atlan
900
Do pref
12%
22%
26% 271* 27,200
Do lst preL——I—
45
6,150
45%
Do 2d pref...
2,395
84% 35%
126% 127% 14,800 Great Northern pref
Iron Ore properties...
3,300
66% 57
27 Green Bay A W. deb etTB
14% 14%
22%
.........
fci
*94
*____
Havana
Electric......
Do pref..........
95%
Hooking Valley..........
120
133
21%
57%
16%
23*2
49
135
81
132
182
2 1% 21%
56*4
16*2
31%
73%
29
28*2
64% *62*2
18
*15
*35
69
40
69
144
143%
138
*23
*39
142*4
23*4
49
*15
*37
68
67*2
167*
32
29%
64*2
18
39
68
144% 144%
142
143%
23% 23<4
*40
49
*130
70
135
135
70
*130
1,250
84,100
terboro-Metropolitan
Do pref
39,150
Iowa
Central...........
1,400
Do _pref
1,950
.....
17 O Ft S A M tr cfs, pref
2,400 JVansas City Southern..
Do pref...........
100
Klnols Central........
.
...
LakeDoErie
A Wee tern
pref...........
500 Long
....
3,600 Louisville A Nashville...
2,830 V/I anhattan Elevated
1,000 luLlnneapolis A St Louis
Do pref...
...
2,750 Minn St P A S S Marie
Do pref...
280
Do leased line ctfs....
500
6,810 Mo Kansas A Texas.....
300
Do
pref.............
5,200 Missouri
132
70% 70%
81% 31% *31% 31%
112*2 113% 113*2 114
Island
200
Pacaflc...
Nash
Chatt
A St1st
Louis,
at Rys
of Mex
pref
Do 2d pref........
8,800
11,320 N Y Central A Hudson
Feb
48*2 Feb
90% J^ly
J'ly
102*2 J’ly
x97
65
J’ly
Aug
Mch
72*2
124*8
104%
137%
119%
Mch
92
23% J'ly
647* J'ne
19
J’ly
Jan
Jan lu
Jan
Jan
Jan
„
Jan
J'ne 27
225
Aug 2
80
58
J’ly 20
Aug 2
71
15
J’noju
40
Aug 17
J’ly 1
60
131*2 J’ly 26
123
23
40
114
144
...
J’ne30
J’ly 28
Sen 21
J’ly 26
J’ne 6
z86% Sep
27 J’ly
67 J’ly
41
J IV
125 J’ly
20
Feb
3
60
9'/'a
Jan
70
Nov
31% Dec
58%
26
-6
26
^6
Feb
158% Mch
173% Feb
208
148
3% Dec
734
68
100
61
23% J’ly 26
io5** J’ly 26
635
375*8
Feb
Jan
22%
Mch
36*2 McU
28*2 Mch
189*8 <->Ct
70% Nov
323*2 ^p
91% Deo
74% Apr
78I2 Mch
37% Dec
64% Deo
165% Sep
181
Aug
198%
Aug
167
nso
7
18%
83%
105
68%
Aug
Aug
fiy
Jau
Jau
Dec
Men
Jan
86
May
84%
Jan
200
680
64
90
May
Apr
Apr
Feb
71% Aug
21
Jan
86%
Jan
39
Jm
60*4 Aug
46
Aug
83%
Feb
74*4
37
6778
19%
48
69
xl21
137
Nov
Apr
£ov
Sep
* eb
Feb
Feb
Feb
Jan
Jan
jan
Deo
61
n
Sep
132*2
Jan
147
Mch
Apr
71
65
Feb
122%
44*2
Jan
Apr
21
e
Apr
S278 J’ne
96
21
103
loo
43
6
J no
Aug
Jly
Fob
26*4
70*2 Sep 16
32% Sep 14
11)0%
143%
122%
39
Feb
11% Mch
36*4 Mch
155% Mch 2
92*4 Jan 3
51% Jan L
74% Jan 5
73% Mayj3
"125*8 9,ct
1577* Aug
88*2 AUf
88
137
4
Mch
Feb
MoU
136%
66*8
13%
6
143% Sep 30
53% Jau *
80
Feb 24
145
Mch 3
Mch
Jan
Feb
79% Jan
Jan
14% Nov
28
Feb
159*4 Jan
128
3 an
56
26*4 Jan 51
62% Jan 31
70% Apr 14
Jan
Dec
Jan
Oct
76% Jan
73%
167%
25
Men 1230
Apr
166*2 Jan
Feb 18
44% Jan 3
139
Dec
141
Jan
Jan
Jan
5778 Feo
_
68
23
Mch
66%
66% Jan
69 Apr
3678Jan
64*8 Jan 10
168% Jan
172% Jan
1821* Jan
140
Apr 2s 162*2 Feb 23
$160 Apr 25 $170% Feb 18
5% Jan 4
2% May
12% Jan 4
47* Sep 28
70 J'ly 25
92% Mch 18
99
Sep 14 104 Jan 15
46
J’ly 26
65% Feb Vb
83
Men 4
70 J’ly 27
81 Jan 6
70 Aug 1
149% J’ly 26 185 Jan 3
490 J'ly 26 020 Mch 21
52 Jan 3
23% J’ly 26
84
Jan 3
62% J’ly 26
66 Jan 27
46 j’ly 11
10
J’ly 1
18*4 Jan 3
17
J’ly 26
34% Jan
34% Jan
19% J'ly 26
35
J’ly 27
52% Mch
42
Mch
26% J’ly 27
118
J’ly 26 14378 Jan
46
J’ly 6
80% Jan
11
Aug 10
18% Mch 22
88*2 Jan 20
97*. Apr 14
99
Jan 4
94% Jan 25
102
May 6 12478 J’ly 14
86
Feb 7 101% J nel4
124 J’ly 26 147 Jan 6
25% Jan ll
14% J’ly 26
027* Jan 12
41*2 j ly 26
30 Jan 3
15
J’neju
J’ly 26
25
64% Jan 3
.
20
100*4 Jan
_
J’ly..
113% J’ne 30
143
Sep
187% J’ly-.
40
203
36
Highest
107% J*n
103i*> Feb
94
91 ‘ Nov
82% May-.
67
Jan
rlG5
Mch
198% May25
70
60*j Jan
Jan
312 Jan
215
Feb
100% Sen
87% Sep
68*2 Feb
176% Feb
60*2 J’ly
248
Lowest
Highest
Lowest
31
150
165
Range for Previous
Year (1909)
On basis of 100-jAare lots
NEW YORK STOCK
Do prof..............
40
138
77%
194
194*4
*62*2 72%
*_...
967a
*____ 120
*—
18
*15
*30
101
112
106
91
76%
*5
*997g
72*4
*29*2
72*8
2*4
*7l"
73
*71
164
*500
74
166
575
210
150
165
2%
75
110
54
IO584
31
65*2 *____
30*4
*201
*133
*140
2%
47s
2%
4%
73
*-..
143% 147*8
60
10%
23
210
150
165
*71
75
30*4
$72
115% 116*4
114% 114%
*"9%
23
*46
*201
*133
*140
♦997* 110
53% 54%
96
*99
*80
*98
129
*93
*101
65
40
25
52%
77*4
30%
65*2 *....
*___.
3*2
*71
41*8]
87
152*4
210
150
165
*2%
63
*80
88
96
24
47
*130
*60
*100
143*4
♦22
77*2
*68*4 71
*69*2 Tl” *69*2 71
*31
31% 31%
31% 31%
31*2
112% 113%) 113 113$ 112% 112%
30% 3078
63*2
*61
*55
80
194*4
72%
280
99% 100%
PAGES
Range Since January 1.
Sales of
the
Week
Shares.
36
72
135% 135*4 2131% 131%
*146
150
*147
150
$148 148 1146 146
87
*86
87*4 87%
87% *86% 87% 87
32% 32%
81% 32*4
3178 32%
31% 31%
63
63
62
62
*62
62
63
63% *62
54%
68*2 63$ 54
53*4 54
53*4 *52*2 53*2
62
53
*125
115*4
*80
•98
*201
*133
*140
13334 134*4
148*4 148*4
*85*4 87
32
32*4
86%
31%
110
93
30
194
*62*i
*260
%
*137*2
23*4
52*2
290
76%
132% 132*2 *129
129*4 129*44 131 132
20*2
20% 20*4
21% 21*4 207g 21*2
65*2
55*2 56*3 55% 56
56*4 67%
16*2
16*2 16% *16%
16*2 16%
30
80*4
30%
8OI4
*29*2 30*2
*72
*72
•72
*72
73%
73*2
73*4
29
29
29
29
28*8
28% 28*4
*62
65
*62% 64
64% 64% *63*2
143
*69% Yf‘
31% 31%
112% 112%
*61% 63
*260
76
90
76%
23*2
46*2
120
120*2
120% 1217*
120*2 121%
147
147
*146% 148
147*2 147%
146
146
1457g 146 *145*2 146*2
97
96
*119% 125
*66*2
63
65*2
23%
23*2
33
*15
*35
*125
*100
♦80
12
23
77%
*86
76*8 76%
192% 193*4
*62% 72%
30
*46
*90
*____
73%
29*2
64*2
140
*146
*21
72*4
266
*___
89
*86
89
77
193
7634
125% 1261
65*8 56
21*4
5734
♦13712
*133
*58
72
60
101
*27
31%
*31
130
*141
191
*62
265
25%
42*2
56
18
40
69
144
*66*2
166
575
Tl" *10%
23
95*2
*119*8 125
*129
21
74
*68
*87
73
*72
166
*500
74
*25
72
*66
3*2
*72
*71
165
*495
31
72
35
101
112
*72% 76
*997g 110
62*2 52*2
4234
33*4
125% 125*2
56
210
150
165
*25
*68
8
Friday
Sept. 30.
98% 987s
9878 99*2
*100% 101 *100% 10078
110*4 111% *109*2 111% 111% 111%
105
105*2 104*4 104*4 105 105%
76*4
47
12034 121*4
$147% 147%
146% 146%
*201
*133
*140
30*4 30*4
*71% 72
*54
11
*21
„_
*25
*68
99*2
98%
101
89
76% 77%
19012 190%
*62
72%
{260*8 260%
75% 76%
*27*4 30
*
65%
23*2 23*4
Thursday
Sept. 29.
Sept. 28.
35
72
*25
*68
35
72
*25
*68
35
72
Wednesday
Tuesday
Sspt. 27.
Monday
Salurda,
irday
Sept 24.
TWO
120*2
Dec
Feb
94%
Deo
Deo
Deo
J’no
162%
Aug
68%
D««
25^ Deo
36
62
82
Apr
Apr
Sep
AUf
Aug
2912 Aug
647* J M
71% Deo
162*2 AUf
153% Jan
50%
75%
85
90
J»tt
149%
164%
Jan
Aug
Jan
94
Deo
50*1
Oot
Oot
AUf
78%
77%
142
64
Deo
D«0
26% May
147% Aug
N Y Chic A St Louis
67
May27
*61
68
69 Not
55*2 May 4
48% Mch
*61
63
63
*61
63
Do 1st pref....
100
Feb 100 Feb
110
$101 J’ly 8 109*4 Jan 21
110
110
*100
*100 110 *100
98
Do
2d
Jan
19
pref.
.......
95
*80
93
Not
*80
93
76%
Apr
82%
Apr
93
93
28
*80
149 Apr 28 162
300 N Y N H A Hartford
Mch 14 1154 Nov 174% J no
15278 *152*4 156% 152 152 *162 158%
Subscription receipts s._ 5143 J'ne lu 5151 Mchll *147% Dec A149% Deo
148
*145*4 148 *144 148 *145% 147%1
50
Jan 5
4,100 N Y Ontario 61 Western.
41
38% Aug 2
42% Feb
65% J
41% 41%
41%
41%
40% 4012
Norfolk
A Western.....
1,900
102
DO0
97
88*2 J’ly 2<tf 108% Mch 21
84% Jan
97*4
96% 96%
97*4
96% 96*2
Do
88
100
Feb
2
adjustment
pref...
90
90
86*8
90
91% Mch 16
Mon
*83
92% j iy
89
♦83
90
Northern
Pacific
117
145%
Jan
3
18,825
Aug
133%
Feb
111%
3
159*2
Aug
116*4 115*4 116% 115% 116% 116%
76
Mch 116% Deo
*99
110
♦99
110
101% Aug 17 118*4 Jan 12
110
pacific Coast Co
110
*99
■L
Do 1st pref.
100
Moh $106 Sep
110
*80
110
110
110
*80
*80
Do 2d prel.
88
Mch 115 Deo
114
105
Feb 14 118 Jan 3
*100
*100
114
115
115 1*100
Pennsylvania
126%
Feb 151% Sep
130
122*2 J'ly *6 188*2 M' h V
129% 129% 129% 129% 129% 130*8 34.900
Pittsb
an
Chlo
A
St
L..
89
J’ly
26
1,000
86*2 Jan
104%Mch22
9»7* Deo
94% 94%
94% 94*2
94% 94%
94%
Do
Feb
10
116
104
Mch
1
*101
116
MohlO
114
116
116% Sep
116
116
*101
pref...
$116
118
Feb
146
651,800
173%
130%
J'ly
2o
172%
Feb
18
Sep
147%
146*2
145%
1477a 145*8 146*4
>
1st pref
89
Mch
800
96
Aug
x85
Aug 24
*88
93*1 Feb 17
88
87
88
88*2 881s
2d
90
Feb
87
4,200
pref......*....
j’ly 26) 110*2 Jan 3
117% Deo
102
06*2 97%
*95
98%| 96%
Rock
Island
32
34,300
81
Deo
Company...
57% Jan 3
20% Feb
22% J’ly 26
31%] 80% 31% 30% 31% 31% 64
Do pref......
5.100
54 J’ly 27
64
92% Apr 9
67% Feb
94% DOO
*62*2
6478 *63
64*2 *62
73 Jan
65
*55
58 Aug 11
65*4 Moh
74 Deo
*55
65
65
65
*55
60 Jan
Do 2d pref..
36
Feb
1,200
.....
34*2 Aug 2
60% Sep
40% 41
40% 40%
40%J *39
40*2
St
Louis Southwestern...
1,300
84% Jan
20*2 Feb
18*2 J’ly 26
85% Deo
29%’ 27% 28% 28 28% 28% 29
Do
1.300
pref........
77% Jan
82 Deo
64
65
65
51% J’ly 26
47% Jan
65
65*2
64*2 64%
114% Feb
103% J’ly 26 xl38% Jan
139% Aug
115% 114% 115% 115% 116% 211484 115% 44,760 Southern Paciflo Co
Southern
v
tr
cfs
22
Feb
18
26
4.300
stmpd.
J’ly
33*4
Jan
34
Aug
23
24%
23*2
23*2
23*2
22% 23
Do pref
75 Jan
43
60
Jan
1,372
do
J’ly 26
75*2 Deo
52
52
53% 55*2
52% 52%
53*2
30
Feb
36*4 jan
1,100 r|\jxas & Paciflo
27
.....
22*2 J'ly 26
27
27
*26
27
27%
*26
.40% Aug
1,000 1 hird Avenue (N Y)...
19% Jan .
*9
12*4 Deo
9%
5*2 J’ne l
42% Jan
9
9
9%
9%
*8*2
loledo
200
Railways A Light
15% Jan 12
7
May
5*2 J’ly 6
8*2
15% Jan
*712
8*2
*7*2
8*2
*7*4
8%
Toledo
St
L
6s
Western.
43
Feb
19
1,600
J’ly
26
64*8
Jan
4
23
23*4 23~8
547* Oot
23
23
23% 23*8
Do
4,800
pref
72%
Jan
....
54
5584
42%
28
64*4
Feb
74%
Jan
J’ly
53% 65*4 x54%
53%
53%
825 Twin City Rapid Transit
103
97
Jan
J’ly 26 117% Jan
112
116% Deo
111% 111% $111*4 111%
111*2 ♦111
152*4 J’ly 26 204% Jan
172*2 Feb 219 Aug
167% 165*4 166*2 166% 167% 166% 16778 262,225
Do pref..
x94
Mch
2,950
88*4 J’ly 26 103% Jan
91
118*2 AUg
91% 91%
91%
90*2 91%
91%
Unit
200
of
San
Fr
Rys
Iuv’t
30
Feb
*28
29
42% Jan
47 Sep
29
23% J'ne30
*26
*28
50
29
Do
400
47
67
pret
J'nesu
72%
Jan
57
77
*54
58
60*4 Feb
Sep
56
68
*54
400
17
16
Feb
27%
Jan
17
12%
J’ly
26
277|Deo
16% 1678 ♦16*2
*16% 16%
...
61 Jto,
Do
41
Fob
8,350
pref....
87%
28*8
26
J’no
37%
J’ly
61%
87%
86%
87%
36%
36*2
40
45
4,300 West Maryland Ry
J’ly 26
54%Moh 12
44
471*
44
44%
*43*8 44%
200
Do pref...
67
Aug 15
*67
68
70*2 May 1»
68
*67
67*2 68%
10 Jan 5
3
6
5
8.200 Wheeling A Lake Erie..
6
J'ly
Apr 28
6
12% jan
*5
5
6%
23
Do
1st
8
550
J’ne
30
Jan 3
15% J’ly
pref..........
12
*11
12
♦n
25% Jan
12
•11
Do
2d
700
4
J'ne
30
pref
3
13%
Jan
6*2
J'»y
16% Jan
7
*6
7
*6
7%
•»57* Jan
44
5«UMch 7
6:1% Apr
40oJ Wisconsin Central
J’ly ‘>6
53%
62*8 52*8
53*2
53*2 *51
„
------
Reading....
5
St L A San Fr. 1st pref..
Union Pacific
.....
Wabash
•a
.3
'
„
l?
BANKS AND TRUST COMPANIES—-iROKERS' *4UOfATIONS.
Banks
Uta
Ash
New York
Aetna
America TL.
Amer Exoh.
175
57a
280
180
600
Audubon
Battery Pk.
100
115
115
125
..
iBoweryTL—
375
{Bronx BoroTi
300
..
“
—-rff-r
{Bronx Nat. 195
Bryant Pk f 155
Butph A Dr 140
Century Tl— 170
205
160
425
440
phase
'Bid ana a^xed
♦ Sale at Stoek
Banks
Chatham
Chelsea ExU
Chemical
Citizens' Cti
145
175
..
City
Coal A Iron
Colonial 11..
Columbia Tl.
Commerce
BUI
Ask
810
200
425
150
385
150
400
325
430
160
425
T201% t203
Corn Ex TL. 307*2
East River. 115
125
Fidelity Tl— 165
175
Fifth A yen. 4100 4500
.
Banks
Filth
FI rat......
14th StTB—Fourth
Gallatin
Garfield
Germ-Am Tj
Germ’n ExU
Germania T).
Gotham
Greenwich T)
Hanover...
....
...
Imp A Trad
B1A
Ask
300
835
350
855
155
150
1185*2 1187
320
290
140
340
300
150
485
55 0
505
150
255
610
540
565
155
265
625
560
Bid
Ask
Irving N Ex 200
Jefferson!)..
Liberty.... 625
Lincoln.... 400
Manhattan!! 315
210
Banks
-rririr
Mark’t&Ful
Mech&Met's
Mercantile
Merch Exch
.
Merchants'.
Metropolis Tl
Metro poi ’nfl
Mt Morris!!.
245
240
150
160
170
390
200
250
185
425
330
255
245
160
170
Banks
Mutual Tl...
Nassau TL.,
New Neth'd
NewYorkOo
New York.
N’ht ADayTl
19th Ward.
Northern
BUt
Ask
oanks
Btd
Ask
285
240
210
900
315
200
295
Prod Exch Tj
163
100
390
400
168
110
Pacific!)—
230
35)
350
250
190
275
200
250
..
185
Park
410
People's Tl—
210
Phenix
260
Plaza!)
prices: no sales were made on this day. iEx-rignts. 4Less than 100 snares. 1| State Dantes, a
First installment pa1*!
r Sold a$ private sale at this
Exchange or at auction this week.
nr
....
625
Reserve
220
...
seaboard
Second
Sherman...
._
....
325
216
260
105
240
275
23d Ward..
Union Exc.
Wash H’ts Tl
West Side Tl
YorkvlUe Tl.
140
165
275
600
600
....
425
135
State Tl
12th Ward.
290
140
——
Ex-dmdeaU ana rigats. o New stock.
“ paid,
“
y 3d paid.
prioe. s2d
—■<
852
New York Stock
STOCKS—BIGH&ST
Monday
Sept. 24.
*250
*8
61%
61%
*43
*102
38
Tuesday
Sept. 26.
„8%
35
*29
*250
*8
*29
61
44
38
*..-»
*250
*8
*29
62%
44
*103
38
*93
8
35
61%
*43%
250
*4
*20%
*18%
$12
31
*37
*10212
♦4%
*29%
*85
65%
*100
*200
*95
*42
116
*110
4%
21%
38%
94%
8%
67%
21%
18%
12*4
30*4
37%
37%
105 *102%
5
*4%
31
*29%
86
*84*4
66%
65'8
38*4
38%
*2612
58%
*8%
*28%
*32%
105
30
*4
28
137
10
30
33
105
30
6
*58
*27
38%
*91%
8%
67%
144
28%
*28%
133
9
30
33
105
105
33%
27%
20
53
145
*10
*48
*39
5%
17%
11
50
41
8212
99
*90
*73%
112%
120%
*13%
*80
1 52
104
19%
74
68
*87
17%
16*4
69%
33%
100
*94
*160
162
$162
162
*2
3
2
5%
32%
*2%
32%
2
5
*
4.
31%
99
32
*85
*8
*54
90
9
59
*100
104
1104% 104%
*15
*51
*99
*69
16%
57*4
108
71
*534
*16
7
25
*3312 34%
107% 107%
*68
67%
116
45*4
57*4
*122
60
*90
30%
54%
114%
30%
*92
*54
♦105
31
*85
*8
*54
*100
*103
*15
*51
*99
*69
6
* 16
34%
*107
71
*6712
67%
67*4
116
95
32%
99
13
32
377o
*11%
*30%
32
92%
*57
*133
*58
*27
30%
39*4
pref...
33,900 American Beet i-.ugar_..
18
*11
18
12%
31
38
30%
31
*29%
68 7S
47%
18%
12%
*30
32
38
*85%
65*4
86%
66%
*86
96
39%
28*8
59%
*27
3378
58%
136
97*
*28%
30
*27
58*4
*133
978
42%
28
58*4
134
10%
4
*29%
4
63
*---^
25
*_.
50%
49
*144
50%
146
5%
17%
10%
*26%
9%
98
123
123
300
105
43
*4%
S78
97%
*121
5
*17
15
90
52
*72
*65
58% 58%
135% 135%
11% 11%
11%
28
*28%
33*4
34
105
32
*88
*94
*180
*2
*17
15
90
52
101
*80
*51
*14
*80
52
♦103
195*
*70
*65
62
28
25
49
146
9
5
*58
♦
30105
32
5
25
48%
48%
145%
x8%
8%
9734 98%
977„
121% 121%
5R
5%
*434
1734 *17
17%
11%
11% 12
50
51%
51%
41% *40% 41%
84
83*4 *82
100% 100
100%
*88
90
*16%
*68%
17%
69%
33%
9434
*33
$9434
*150
*66
*90
31
99
*2%
*32%
*90
*31
1934
19%
*72
67
31% 32%
$35
35
107
*89
17
10734
31%
37
107
♦88
17
69
33
95
162
91
17
*68%
*33
95
162
3
*2
5%
34
*14
*80
52
*103
69%
33%
95
16134 16134
*2
3
5%
3334
*2%
*32%
99
32
5%
3334
*90
99
*2
*2%
33%
*90
15
90
52%
104
74
67
32
37%
107%
91
17%
69%
34
95
162
3
5%
3334
9
59
102%
104%
16%
5734
108
72
6
25
347g
108
71
68*4
58
$124
124
56
*....
*85
*8
*54
*100
*103
*15
*51
*99
*68
6
*16
90
9
59
108
72
6
25
34%
108
124
56
*85
*7
*54
*100
*103
*14
8%
*54
*100
*103
59
102%
16%
16%
*51
*99
69
90
9
59
*85
8%
*54
♦100
66%
62%
63
130
*122
69
70%
62%
62% 62%
127% *125 127%
2,700
100
300
200
300
22.400
1,600
1,235
4,500
5
12,830
500
200
600
900
700
57
108
69%
*99
*68
8
25
*5%
*15%
34
108
70
*99
*67
8
25
*5%
*15%
3434
^ethlehem^Steel
Brooklyn
Parf 25
UnIon"GaaII”
8,400 Cora Products Refining..
Do pref...
700
......
Carpet
2,500 Distillers’ Securities Corp
100 Federal Mining & Smelt's
Do pref
550
1,400 General Electric...
42.700 d GoId field Con M.Far $15
3,100
tr ctfs
Do pref stk stk
400
tr ctfs...
Int Mer Marine stk tr ctfs
Do pref
1,610
3,000 International Paper.....
Do pref.............
1,800
950 Internet Steam Pump
Do pref.
475
1,600 Laclede Gas (St L) com..
_
Int Harvester
150
400
400
100
Mackay Companies.....
Do
pref.............
National
Biscuit
Do pret
Nat
...
.......
EnameTg & Stamp's
Do pref.
1,225 National Lead
Do pref
280
6,731 dNev Cons Copper. Par $5
206 New York Air Brake
200 North American Co, new
4,400 Pacific Mall
770 -C acific Telep db Teleg..
3,300 People's G L db C (Chic).
Philadelphia Co (Plttsb'b)
"l",600 Pittsburgh Coal Co
Do
300
pref
....
3,150 Pressed Steel Car
320
Do pref
310 Pullman Company
100 quicksilver Mining....
‘"500
109
Do
pref.............
Railway Steel Spring..
.....
600
io’400
Sloss-Sheffleld
Steel db Ir
Do pref
.....
dTen nesseeCo pper Par$25
1,200 Texas Co (The)
Texas Pacific Land Trust
200 I fnion Bag db Paper....
U
59
69%
6934
62%
62
127%
*120
72%
63%
73
20
150
200
’200
8
25
76
63% 64%
127% 127%
127
I,
Jan It
Jan 1(
J an It
09*4 Mch 0
Apr 19
103
Jau
200
115
28
Wells Fargo
ds Co
17,295
estem union
Teleg..
1,700 Westlngh'seEldsMfg assen
100
Do 1st nref
Jan
77*4 Feb
101 Jau
225 Mch
95 Mch
847g Feb
jan lu
128% Feb 18
6
124
J’ne 8
115% Nov
118 Nov
125 Feb
Feb 28
33
26
J’ne 2b
Sep 2c
278 Aug 2
J’ly 26
*90% Sep 7
27
J no 4
83
Feb
6
55
96
J’ly 5
J’ly 15
Aug 2
47
117
58
15
152
8
van
118% Dec
Jan
3
43%
46%
116%
106%
2734
Jan
Jan
Jan
Jan
Jan
4
4
5
8
i
85
Jan
3
517g Jan
5
107% Jan
L
20J
Jan 17
Jan 3
Jan 3
Jan 3
Feb 1
$40% Jan 3
137% Sep 30
90
1137s
32
84%
11
129% Jan
73
$25
h al95
J’ly 26
49% j’ly 26
__
May
1
66
115
rl09
24%
3
lo
98
27
3
07%
3
41%
107
$39%
40%
114
67
1
6
300
78i« Mch
•
82% Jan
i
74
Feb 24
no
130
Aug
Dec
29% Nov
87% Dec
Feb
‘66
Aug
111% AUg
AUV
200
y-k J’ly
10
May
541; Aug
109
Aug
49% Sep
110% J’ly
Feb
94% Oct
120
$49
sep
Jail
93'„ J iy
15% J’ni
Jan
81% J’na
Oct
125% Dec
Sep
114
Dec
Feb
35% Jne
Mch
871» Aug
Feb j 111
Dec
Feb
87
Sep
Mch
I7U J ne
Feb
391, Aug
Feb
67% Aug
Jan
123% Aug
Feb
*'J% Aug
Feb
14% Oct
Feo
Oct
;ji
Feb
j07% Nov
Feb
56% Dec
Jan
128
Dec
Feb
75% Sep
Feb
37% Nov
Jan
070
Dec
Feb
85% Nov
Feb
90
Aug
Vfch
145 , SeD
9% Feb
3
*
Nov
Oct
80% Feb
14
Jan r
jan li
Jan 4
48 U
64 "
120
103
68
Feb
107% Feb
$33% Oct
70
82
64
10
24
125% Jan 1
$60% Jan 6
62% May27
56
111
4
8
lu
16
4
AUg
97% Nov
87% J’ne
Feb
Jan
log jan
3
Men
32% Mch
977* Feb
16% Feb
May 13
D
5
Sep
Sep
94
96
169
13% Jan 10
73
122
Sep
113% Aug
29% Feb
45% Nov
101% Jan
99% Dec
10
Apr
40
Feb
67%
Jan
30% Dec
99% Sep
Jan
Jan
30%
Jan
Au«
Nov
120
130
heb
*80 "‘Feb
72
27%
19%
69*4
54%
91
Feb
102*4 Apr
107
jan
Jan
4
82
Deo
Oct
113% Dec
95% NOV
77% i»ec
71%
3% Apr 6
578 Maytl
51% Jan 3
4578
104%
86%
118*4
Mch
Mch
Feb
Jan
J’ne
Jan
12%
9
128
J iy
69% Jan
90% Jan
118% u an
Jan ll
84
91
Feb
Feb
22
84
29%
52%
HG%
J’ly 28
Apr 22
82%
104
70
89% Jan 4
110% Jan 17
$21% May 16
95% Jan c
J’ne 27
J’ly 8
J’ly 6
J’ly 26
a
831?
17
16
28% Jan 3
9612 Jan 18
Jiy 26
Feb
9%
4734
10
Jan 6
Jan 17
J ly 26
j’ly 27
j’ly 26
J’ly 26
J’ne 30
18*4
Jan
84
145
Aug
J’ly 21
J’ne 28
41% Jan
95% May
109% Jan
a
Jan
Jan
Jan
jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
1
32% Feb
55
Mch
80
Feb
J’ne
Deo
63
”t)2
28
82*4 J’ly -6
48% J’ly 30
114 j’ly 5
$19*4 J’ly 26
L}5 Sep 30
93%
129
.0
27
Nov
51% Oct
111 Sep
53
Dec
91% Dec
165% Jan
20% J’ne
37
12o'« Jan Mi
115
125
•
J’no
47% J’ns
69% Aug
122 Aug
11% J’no
59 Sep
92% Aug
105% Nov
116% Aug
$286 NOV
105
May
66% NOV
136% Sep
131
Apr
145% Sep
104
May
40% Aug!
107% Jne >
*54% Deo
36% Sep
69% Sep
164% Deo
19% Dec
94
Aug
172*4 Aug
16
20
20
Feb
61% Jan
54% Jan
90*4 Jan
116% Jan
93 Sep
V8% Jan
o
Deo
160%
6
26
•
Mch 8
Jan
Feb
1
7% Jan
24*3 Jan
$17RJ’ly 6
25
26
6
29
Jan
Dec
Jan
Men
14 ~**
Apr
21% Feb
114% Feb
16%[ Feb
73%[Feb
1
Jau
45
160% Jan 6
$9% Sep 26
„
22% J’ly
J’ly
J’ly
84
J’ly
13 J’ly
60% J’ly
25 J’ly
90
J’ly
Jan
60
88
93% J*!y 29
79 J’ly 26
?1
J’ly 27
100
Aug
11834 J’ly 6
14
Sep 17
85% May 13
43U J’ly 20
lui% J’ly 20
30
103
177*
237g
25%!
99*4i
92% Jan
160% Jan
23% Jan
86% Jan
02% Feb 25
.36*4 Jan 10
41% J’ly 26
36% J’ly 26
78% J ly 26
J'ne
J’ly
il8
Jan
£0
Sep 12
J’ly 26
11% J lie 30
70% J’ly 26
55
Apr 20
25% J’ly 26
20 Sep 26
48% Sep 30
134
J’ly 20
$7% Sep 8
s83% FeD t
*117 Aug 11
4% J’ly 25
12% J’ly 26
9
J’ly l
59
63
90% Feb
26 Feb
98*4 Jan
$37% Feb
I8S4 Mch
47
Feb
48*4 Jan
109% Mch
22% J’ly 26
Jan
80
3
3
300
10
Sep
617g Aug
42% Apr
Feb
Jan
Feb
NOV
124*4 Aug
79% Nov
107% NOV
Jan
109% Feb
5% J’ly
38 Nov
112*4 Jan
Apr 27
101% Sep 20
GO
16 ;
86
7<ju
1873 Jan
2t5
25% J’ly 26
99% J’ly 27
3
322
J’ne
Nov
12
29
49
12634 J’ly 26 143% Feb 24
90% J’ly 26
99*4 Mch 14
25% J’ly 6
39% Mch 18
91% J ly 6 104 Mch 7
133% J’ly 26 $54 Jan 3
21
J'neac
34
Jan 3
49
Aug 10
65
Jan 19
125
J’ly 20 164% Jan
8
J’nc 29
18% Jan
—...
Vulcan Detinning.......
J’UO
jfli* Feb
44>4 Feb
107% Feb
42% Jan
98
Feb
Mch 21
907g Jan 2
Aug
Aug
491* Aug
98 ~ Oct
17*4 Jan
407s Jan
62% Jan
104
60
103
20% Jan
Pi
Jan
7% Feb
29% Mch
Jan
33% Jan
Nov
16% Aug
57% Nov
*6% Nov
$205 Feb
6% Feb
84
Feb
4
8% Jan
47% Jan
115
8
48
<250
951; Jan
Mch l
120
95% Jan 13
...
69%
J nsdu
38 J’ly20
112*4 SeP 29
Do pref
United Dry Goods Cos
Do pref
99%
U S Cast I Pipe ds Foundr
14%
Do pref.............
49
United States Express..
95%
U S Realty ds Improvem’t
64*4
U s Reduction ds Refining
4
Do pref...
13
United States Rubber...
27
Do 1st pref......
99
Do 2d pref..........
59%
United States Steel
61%
Do pref
1101*.
dUtah Copper...Par $10 t$39%
35
34% *34
36%
4,100
10734 10784 ♦107 108
108
109
645
*69% 71
70
*67% 71
71
200
67% 68%
68% 68*4
6834 69% 307,690
1163s 110% 116% 116% 1167s 117
2,610
453s 46
4534 46
45% 47
7,700
58
58%
59
58% 59
59%
4,600 Virgin, a-Carolina Chern..
124
124
124% 124% *122 123
310
Do pref.............
*45
55
*45
55
*45
55
100 V rglnla Iron Coal ds Coke
62
♦120
Highest
Jan
Feb
Feb
Feb
190
12%
38
66
4.%
„5% J’neli
icv Jan
81% Jan. 0
72% Jan 1
62% J’ly 20
165
2
3,100 Republic Iron’*"steel”I
Do pref
200
8io
108
69
.
....
1,665 Brunswick Term db Ky Sec
Butterick Co
4,600 ( Central Leather
Do pref
800 v>
1,600 Colorado Fuel db iron
Cot
dt
600
Hock Coal & iron
38,120 Consolidated Gas (N Y).
99
90
Do pref..........31
Amer steel Found (new)
American Sugar
Refining
Do pref..
American Teiepta & Teles
American Tobac (new)
,pi
American Wooien....
Do pref....
2,830 'JA nacpndaCopper
102%
102%
104% *103% 104%
16% $1534 1534
*51
5734 58
58%
105
♦5%
*15%
*67% 71
67% 6834
116% 11634
45% 45%
58% 58%
♦122
90
8%
102%
104%
16%
5734
34%
*107
*85
OU..II
........
19*4
OO*,* Jan
loJ
.
100 Crex
30%
Jan
L
3
6
4J
Do pret
101
Feo '
American Express..
$235 Aug
American Hide & Leather
3% Sep 13
Do pref
19
Sep 8
American ice Securities.
16% J’ly 26
American Linseed
10% Jly 27
Do pret
25% J’ne 30
American Locomotive
29 j’ly26
Do pref
” 102% Aug 6
American Malt Corp
4% j‘ly 26
Do pref
28% J’nc30
Amer Smelters Sec
82 J’ly 23
pref*B
Amer Smelttngdb
Refining
61% J ly 2b
Do pref...
98% J’ly 26
American Snuij
277 Apr 4
..
144
74
68
$74
17%
69%
3338
*2%
*3134
115
800
63
28%
15
90
52
104
19%
74
68
90
95
162
3
1,200
2,800
34%
31%
123
*434
18
11
*14
75
68
800
-
58%
30
Lowest
Jan
Jan
15
_
86%
67%
101%
*27
5%
62
28%
87s
*97%
101
*200
*95
43
114
13178 134% 13334 134%
15% 16
15*4 16
76% 76% x76% 76%
*58
x28
9%
878
9778 98
*120% 123
g66%
28
*4
130*4 131*4
14
15%
74% 76%
*144
67
101
300
105
43
135
11%
*28%
33%
30
33% 33%
104% 104%
30*4 31
28%
*80
52
20
31
112*4 116
114%
110
$110
*112% 118
138
138% 1397a x137*4 138%
92% 92%
92%
92% 92%
28% *27% 28% *27
28%
94
*93
95
9334
94*4
39% $38% 38%
38% 39*4
137%
92%
*27*8
93%
38%
9212
28%
101
*200
*95
105
42
116
115
41%
86%
66%
101
3034
86%
pret......
uo
200
pref..
700 American Cotton
f-70
J'nc
7% J’ly
Aug
551 J’ly
35
J’ly 26
Vi.% Apr
:4
J’ly 2c
to
J’ly .v
6% 1 ne
62
J’ly 2„
39% J’ly 26
1,400 American Can..*.
"
Do pref........
1,400
American
Car
2,100
A Foundry
8%
*158’ 165" *158" 165” *158" 165” *158" 165” *158" 165" *158"
165”
69
*65% 66
*61
♦116
!>o
95
18%
*11%
31
Year (1909
Highest
;7
L>o
37*4
37%
3734
102% 102% *102% 103 *102% 104
*4
4%
4%
4%
4%
4%
*30
1249
..
250
4I0
21
*4
21
...
.<
64%
44%
32%
31% 31%
31% 32%
92% 92%
9212 92% *92
94
*92
94
55
55
55% 55%
*54% 55%
55% 56
114% *105 114% *105 114% *105% 114% ♦105% 114%
32%
3134 32%
31% 3134
32
3134 32
32%
135
137%
90
116%
45% 45%
58
§250
4%
20%
Adanw
Express
UlSrCbaimer.
100
39%
*91%
8%
68%
47%
260
37*4
63
*4%
17%
10%
47
20%
1234
116
*115
25
51
145
47
*230
*4
4%
101
*200
*95
130
*9%
*28%
33%
67%
8%
67%
Lowest
LXXXXT.
Range for Previous
On basts of 100-share to.s
'
Do prei_w94,760 Amalgamated Copper
Amer
700
Agricultural Cbem.
94
57
116
45*4
57*4
124
50
18
21
18
105
42
117
120
138
17
17%
69% *68%
33%
33%
95
94
21
101
28%
*92%
*38%
27%
270
*4
31
31%
3138
31% 32%
35
35
3434 3434 *34
107% 1073s *106% 107% *106% 107%
83
*29*4
*91%
54%
*100
*200
*95
41
117
*112
138
■
30%
*3234
*9312
*90
*20%
18%
*11%
♦30%
3734
*230
4%
21*4
18%
*102% 104 *103
1934
19% 1934
19%
71
33
32%
*103
44
*90
95
Range Since January 1
YORK STOCK
EXCHANGE
300
113*4 113*4 *113
114%
*61% 62%
62% 62 “8
*103
*103%
62%
'
8%
35
62*4
40%
*8
47
113
*61%
270
6234
44
110
38%
*91%
8%
68%
8%
10%
*10%
50
C87g 50
50% *50
40% 41% *40% 41% *40%
82%
83% 83%
83% 83% $83*4
99%
99% 100% 100% 100%
99*4
93
*90
9210 *90
92% *90
92
92
92
75
74% 74%
75
75
747g 7478
*74
75%
112% *111
112% *109% 112
109% 109% *109% 112
120% *120 128 *120
128
*120
128
*120
121%
15
*14
90
52
104
*70
*65
*43%
95
8
63
51
145
9%
9778
44
[VOL.
fc-ustrirJec Alisccllauccu.
*29
35
*100
*67
47
113
105
30% 31
*4
5%
120
*4*4
16*4
30%
32*4 32%
*10084 IO7I4
•2%
8%
67*4
114%
105
63
120
1978
V3%
100
5978
8%
9778
15
90
52
104
*87
58%
145
84
68
28%
*50%
*99% 100%
93
$93
73% 73%
111% 112
*120
120%
*65
30
97
39
27
20
49
*103s
28%
*92%
38%
27%
30
53
145
39%
*68
93
*58
$39%
95
47
*101
*230
*4
62%
*29
62
39*4
NEW
Sept. 30.
8%
STOCKS
o
Week
Shares.
*250
8%
38
38%
*91%
30%
5%
131
131% 131% 132%
14
*13% 14%
14%
*73% 75% *73% 76
76
63
*47
*102%
*19%
73%
137% 138%
30%
*119% 120
*4%
5%
17
17%
♦10
11
*13
*80
*51
120
*4
8% > 878
9678 97
*82
117%
$9
39*s
Sept. 29.
*250
44
*103
Saic*
Friday
Thursday
8%
61%
37%
105 *10212 106%
5
5
*4%
31
*29% 31
85*4
85*4 8534
66*4
6578 66%
105
43
133
28%
*22%
*50%
12*4
31
*92
58%
130% 131
*13*4 14%
*73%
4%
217„
19%
101
101
♦200
*95
*42
116
♦112
137% 137%
*91% 92%
*2714 29
*93
94%
♦133
250
*4
19
12
31
101
305
105
43
116
120
62%
44
*103
*101
*225
-k-WWm
*250
♦8
♦29
9
94*4
8%
8%
*66*4 67%
67%
*4512 46%
47
46% 47
*110% 114% ♦111
114% ♦112
62
62
62
62% *61
*103
*225
Wednesday
Sept. 28.
Sept. 27.
9
35
43%
AND LOWSST SALk i'ilCkS.
.
Saturday
Record—Concluded—Page 2
64
BANKS AND TRUST COMPANIES—BANKERS’
yUOTAfluNd.
Banks
Bid
Ask
Brooklyn
Broadway l 375
Brooklyn
110
155
Coney Isl'df
First
Hillside^.
Homestead!
Manufac’rs
Mechanics '1;
Montauk
Nassau
290
mm
125
TT
115
230
240
245
160
270
415“
..
Banks
Brooklyn
Nat City...
North Side t
People’s
Prosp'ctPlrii
Terminal fl.
...
Bid
Ask
N Y
290
150
158
150
m
305
180
__
r
160
90
.....
Bankers' Tr
B'way Tr..
Bid
m
620
145
350
650
Carnegie
Central
._
1<K)
Tr. 1000
280
120
Columbia
Commercial
Com wealth
150
Empire
300
Kquit'ble Tr 455
Farm Lodbl 1650
160
Fidelity
Fulton
Ask
City
...
Trust Co's
N Y City
A tor
I rust Co's
....
200
290
trust Co's
Guarity Tr
110
Guardian Tr
Hudson
Knickerb'ki
...
....
130
....
310
....
1075
210
«...
Law T I&Tr
Lincoln Tr
Madison
Mannattan
.Mercantile
Bid
.
170
285
2521
130
103
375
700
Metropol’t'n
Mutual
Mut
Ask
800
....
All nee
180
180
295
26^
140
400
740
535
130
....
132%
irust Co's
But
NY Llfe&Tr 1100
N Y Trust.
640
Savoy
t;o
Ask
1120
05105
Standard Tr 400
410
TitleGude Tr 490
500
Tr Co of Am J20
330
Union Trust 130^
1350
US Mtgde Tr 46)
470
Unit States. 1175
1200
Washington
3/5
VVestchestei
Windsor
150
120
..
trust Co's
But
Ask
Brooklyn T
405
Citizens'
125
420
135
220
225
290
108
Brooklyn
...
Flat bush
..
Franklin...
Hamilton
Home
..
.....
Kings Co
_.
L Isl L ds Ti
Nassau
....
People's
queens Co.
Ivllllamsb'r
...
130
♦Bid and asked prices: no sales on this
day. 5 L^ss than 100 shares, ♦ Ex-rights. b New stock c Ex-dlv and
TSale at Stock Exchange or at auction this week
rights, cl Now quoted dollars
sEc-stock dividend
11 Banks marked with a paragraph ill) are State banks.
20U
210
270
100
500
295
105
300
115
Der
310
175
315
125
100
share,
Exchange—Bond Record, Friday, Weekly and Yearly
New York Stock
Jan. 11909, the Rxohange ,notion at
*s
•e
f
BONDS
%c
N. Y. STOCK EXCHANGE
Week ending Sep* 30
t. b,
A*
Range or
Sept 30
Last Sale
Foreign Government
Since
January 2
High No Low High
1004 1014
Ang’lO
J’ue’10 ••••J 1004 lOt V
J’ne’10 ..J 101*4 102*4
5 1014103
102
1
J’ly’io
10241024
..1
Aug’10
114V U54
115
1154 1154
1164 10| 1144 115V
100 V1004
1004 1014 1004 Aug’10
Ash Low
•
•
•
BONDS
N. Y. STOCK EXCHANGE
Week Ending Sept 30
Range
© O’
10041014101
1004 101411*04
1014 1024 1024
1014 1024 102
1014
1144 H54 114 4
U S 2s oonsol registered.dl930
17 3 29 oonsol ooupon....dl930
U 8 8s registered........*1918
U S 3s coupon.......
*1918
U S 8s con email bonds..*1918
U 8 4a registered
1928
0 8 4s ooupon
1925
U 8 Pan Can 10-80 yr 2s.fcl03U
Argentine—Internal 5s of 1009
|al
Week’s
Brice
Friday
Bid
uuTeriuneiii
•
Cent ox Ga Bit—(con)
Chatt iny pur men g 4s. 1951
Mac A Nor Biv 1st g 6s.l046
Mid ua A Att Biy 6s....1947
Mobile civ 1st g 6s
10*6
Ceu BB A is of Ga coi g 5s 1037
’eut oi N J gen'l gold 68.1937
M-B t
97
074 97
imperial Japanese Governin't
Sterling loan 4 4s.......1925 F-A * 044^
94 4 Sale
2d senes 44s
1925 3-4
894 sale
Sterling loan 4s
1981 3-3
Repub oi Cuba 5s ex ten debt.. M-S 1102 108
97
974
Ban Paulo (Brazil^ trust 5s 1919 J-J
97 4 Sale
U 8 oi Mexico s I g 5s of 1899
944
95
.1954
Gold 4s of 1904
tT hese are pi¬
State and City Securities
lot 4 Sale
H Y City—44s
1950
994 Sale
4% Corporate Stock
1959 IMI.N
994 sale
4% Corporate block ....1958 M-N
108
M-N
1084
New 4 4s
1957
New 4 4s
1917 M-N 1024 1(*34
44% Corporate Stock ..1957 M-N 108 sale
44% assessmt bonds....1917 M-N 1024 1034
99 4 Sale
4% Corporate stock....1957 M-N
Nx State—Canal Impt 4s. 1950 3-3 105 Sale
104
So Carolina 4 4S2u^u.....1988 J-J
954 964
Tenn new settlement 8s.. 1918 J-J
Virginia fund debt 2-Ss...1991 J*J *...... 88
n
44
6s deferred Brown Bros etfs
94
04
894
07
15
95V
97
944
16
94
964
04 4
6 03 4 954
15 884 92 4
1 1014104
6 H95
974
4t
964 99*4
894
1034
1034
07
07
07
974
0/ $5 to
1014 204 100
101
09
994 121
994
094
3D
107 Sep ’10
|02 4Sep’l0
Gen funding A
1st consol g 5s
46
15
18
1054
1024
90*4
57 1014
KM*
994
99
luS
1044
iu34Jr,iy'io
•
•••
6
1034
100 4
40
50
Begiatered.
A-0
Registered.
1995 A-O
Adjustment g 4s
A1995 Nov
Registered ...........A1U95 Nov
41995 M-N
Stamped
Conv 4s issue of 1909... 1955 J-i*
Conv g4s
1966 J-D
Cony 4s (full pd reels)., i960 J -D
10-year oouy g 6s
1917 J -1»
Debentures 4s Series J.1912 F-A
Series K
....1918 F A
Bast Okla Biv 1st g 4s..1928 M-S
Short Line 1st 4s g
1958 J * J
S Fe Pres A Bli 1st g 68.1942 M-S
Att Knox AN See Li A N
Atlantic Coast 1st a 4S.A1052 M S
77
79
004 Sale
974
92
98
78
78
994
094 10b
98
02
•
92
924
5
....
924
1
88
*40
02
80
•
024
....
07
Atlantic A Bany See South By
Austin A N W Aessou Paoidc
L>alt A Ohio prior 1 g 8 48.1925 J-J
D Registered
A1925 t|-J
Gold4S .................41948 A-0
Begiatered ...........41948 4-J
Pitts J unc 1st gold 6s... 1922 J - J
PJ un A M Biv 1st g 8 481926 M-N
.
M-N
J -J
Registered ...........41925 4-J
Ceu oiao R 1st eg4*as..l980 M-S
Cl Lor A W oon 1st g 6s 1988 A-O
Monou Riy lstgu g5a.. 1919 F-A
Ohio Riyer RR 1st g 5s.l935 J -B
General gold 6s
1937 A-o
Pitts ciey a Tol lstg 6s 1922 A-O
Pitta A West 1st g 4s... 1917 J-J
994
1114
874
Sait
Oct 'U
09*
064
J’U’l
92 4 Sale
0l4Saie
....
112
....
06
16
00
Begiatered.....
sl980 u-J
Generalg 3 4sseriesB.«1960 J-J
25-yrdeuen4s
1934 J-J
CJueA DsuBiyg6s....l92l
Clue A Mo Biy DlV 5s...1926
Clue A P W lstg 5s
1021
Bale A Gt So g 6a...
1016
Far A Sou aasu g 6s
1924
DaCroaseA D 1st 6a....i010
Mineral Point Biy 6a....l0lo
So Minn Div 1st 6s
1910
Wie A Minn Biv g 5a. ...1021
Mil A NolatM D 6a
.1010
1st consol 6a
1913
H2
974
93
90
40
0741004
96
....
j
994
4
•
••
112
lul4
1064 Feu'u
112
Deo’O
102 *»
......
1104 112
1094
Nov’u
....
••••••••••••
....
••••••
••••
•
«...
lOo
*!.*—
...
—
107
1154
107
100
95 4....
108
....
1134H64
....
105
06
103
115
....
•
1144118
•
115 4H64 1164
1004
004
105
06
<
1*15** 11*7"
....
1 1104
72
72
Begiatered
General gold 4s
Begisterea....
Refunding g 4s
....
110*4
72
Bkcity let oon 6s. 1016.1941
Bk<j Co A S con gn g 6S.1041
Bklyn Uu El 1st g 4-6S.1U60
Stamped guar 4-5s
I960
Kings Co El 1st g 4s....1948
Stamped guar 4s
1940
Nassau Eleo gu g 4s ....1061
Conn By A D 1stA ref g 4 4s ’61
Stamped guar 44s
1961
Det United 1st eon g 44S.1932
Havana Eleo consol g 6s. 1952
Inter-Met ooll 4 4»—......1966
Inter Rap T 3-yr oonv 6s. 1911
46-year 6s Series A
1962
Internet Trad coll tr 4s.. 1948
Manila Elec 1st A coll 68.1963
•No price Friday; latest this week.
103
100'll
1
•
105V
100V101V
•••
M%S...
N 4S
O 4s.........
1054 100
108
904
874 sale
86
86
80
Sale
Nov'Oo
Jan ’1
Sep'10
l2*
122 4
Sep ’10
110
110
102
120
103
107
109
100 4
May’10
100 4
100
101*,
1001,
85
88
10&8
100 4
100
874 89
87 4 Sep* 10
1004J’ly’10
10041011,
i01
102
104*4 104
105*,
112 4 1114 Sep 10
110 4 ii4V
113 4 1124 *au 'lo
1124 112*i
00
38
1014 102
101V 102
iu3*j
101*4 lOi'bJ’ne ic.... 1014 1017,
112
03 4 salt
024
034 5oi 89
05*,
89
87
39
89
Apr lo
83
37 4 854 jue’10
36*,
102
101
lu44
1044
104H
80
Jan’oe
31
00
95 ** 07
84 4 99
044 Aug 10
bU
01 ,»ep 10
00 4 03
03
107 4100
1134 feu’06
90
87 4 0l*1
874 Sep lo
72
72
70
77
77
Sep’10
70
n
7i 4 72
38 684 76
76
Oot ’00
09
00 4 sale
90 4
984100
80
sale
864 894
89
83*4
874 88
874
88
*374 88
08 4 100V
1004 Sale IO04 100*4
104
108 4 Oct ’00
00
094 Sale
004
984 100
90 4 sale
98
004
004
1004
1014 Mar’do
97
97V May’10
074 99
....
....
10141024 1014 1914
97 4 sale
874
07*4
100%
100*4 J’ly 'lo
81
854 S3 Sep 'io
12034 1274 121 J’ly’10
1114 Sale 1114 11IV
1 lO^t 114 Aiai’uo
014
90
k
:
>....
874
k
87 4
85
82
84
76
75
75
80
0
»
29
3
39
86
'
).—
844 S6
014
00
874
87*9
8 64
86
97
100
100V 102
864
81
121
127
108V113
112
112
864
864 125 84
86*4 Sale
874
1254126 1244Sep ’lo
1244 l2u 4
107
ntc’uto
J’ne'io
Apr'io
J'ne’io
114
100
91
04
1014106 4 103
.
......
•
....
084 1004
884
Sale
03 4 sale
1054
106
10641S7
ioo” i'004
934 04
103 1034
90
1004 123 98 1004
1934 Got '00
87 V
884
6 86V 89
034
994 23 914, 93V
lu7 4 Mario
1074 108
108
1U8
"i 107 1104
1064 1064
1 1U6V108V
102*4 J’ly'lo
116V May'io
1044 Aug’lo
100
May’10
1024
116
...,
104*4
1024103V
U6V H6V
104
Nov’oo
100
110*4 >die
*03 V1054
1104 113
004101
954 954
87
iloV iiov
1114Nov’O0
loo<4 iU8
10£*
105 it
J’ly'10 ,..."105
106
Mario ....'106
'106
May 10
107 4 1U7
...—
......
100
1U0
Sep *10
J’ly’03
lt4V J’ly’io
112V Mar’lu
142 4 Ft 0*02
123 4 Apr’00
100
livV liiV
1094
106
107
1O641064
100
1114
11441*174
112 V 112 V
1034 May’09
110
-
109 4112
1004 Ang’lO
100
Aug'lU.... 100 1U9
97V
*»7VI 2 044 90
98V Feb’io.... 08V 93V
00
004
97 4 J’ly’io
94 4 jau’lu
04
Bee ’09
*02
:::!
1114109
ItO
J-J ,1084 111
07.4 08
J-J
J-J
00 4 bate
A-u
1017 M-N
2
...'I
J1064 reu'io
1144
1084
H74
110 V
00
Apt 'UU
100
...........
1004
IOU4 100 V
u0
80 *a
UJ 4
sale
106
*1054 ibo*’
1U5V Aug lo
i00“», May’io
103V...... 103*4 Aug io
UO
ill Aug’10
113
09 4
10U
J'ne 10
04
95 4* ty ’iu
00
4
loo
1064
Jhio st
A No See 1U Cent
Jiuo st da Pitta sm Penn Co
Rue St P MAG eon 6a... 1030 J-D
Cons 6a reduced to 34s.l03o J-D
on
10041024
1
212
Mar* 10
112
1004.....
1015 M-N
1016 M-N
.i..6
1^5H
12U4126
03*4
2002 M N
Bur C B A N— lstg 68.1031 A-U
Begistercd...........l034 A-o
CRIF A N W 1st gu58.1921 A-O
M A St D 1st gu g 7s.. 1027 J -D
Choc Ok A G gen g 5a .01010 J -3
Consoi gold 6s..
1052 M-N
Keok A Des M 1st 5S....1923 A-O
).... U24U34
lti 103V 109
*1
1....
....
024
115
flTO
100 4
Begiatered..
91
....
101
1034 102
123
123 4 122*4
122 4 125 4 122 4
lt‘6
109
100
P4S
1018 M-N
Chic B 1A Pac BB 4S..2002 M-N
109
....
K2V-...
1030
1934
GoR trust Senes J 4s....1012 M-N
24 102 4
1034 1044 104
I0u4 1014
1917
bi nee
January i
High Ro')Low Jiiyk
9u*fe Sep '09
lO478J’ue0»
J-J
J-J
Mil DS A West 1st g6s 1921 M-S
Ext A Imp s tuud g5s 1020 F-A
Ashland Div lstg us..1026 M-S
Mich Div 1st g us
1924 J - J
incomes ..i.......
loll M-N
Clue Bockisi A Pac 6s... 1017 J-J
Street
1st refund cony g 4S....2002
J-J
J -J
A-O
A-O
A-O
A-O
A-o
Registered....
1021 A-O
Sinking uuia ueb 5«
1933 M-N
Registered.............1933 M-N
iUlSCEDDA.NKODS BOND^-Centinued
Railway
Brooklyn Bap Tr g 6s.....1945
J-J
J-J
Sinking tuna 6s...1870-1029
Begiaierea.......is70-102U
Sinking land 6s...1870-1029
Begwtered....... 1879-1020
Debenture 5s.....
1021
....
1913
2u pret income g 6s....pl946 Got
2d pief Income g 5s stamped ....
So pret income g 6s....pl945 Oct
Sd pref lnoome g 6s stamped
J-J
Range
fa
ask Low
....
....
....
J-J
Week’s
or
Last sale
Range
83
....
see Bong i
1945 M-N
.pl945 Oct
J-J
J-B
Get *0
J-D
87 V 894
b7\ Sep‘1
i66
80
93
ChieANorthwcoua7s....l915 O-F
01»4
92*
ll<
Extension
4a
02V
F-A
01
02*
89
1386-1026
89 4 90 4
Begisterea
1336-1026 F-A
894 Apr’l
General goto 8 4s.
103
103
Mar’l
1087 M-N
103
110
1134
UU
Aog’l
Begiatered
.pl987 v*-F
120
Beeon Creek seeJSXCAH
Bellev A Car am liiinois Cent
Caro A Shawn See ill cent
Caiouna cent Am Seab Air L
Carthage A Ad AM N X C A H
GedRlaFAN AMBCKAN
Oen Branca By see Mo Pa©
Cent of Ga BB 1st g 6s..pl946 F-A
Consol gold 6s
1945 M-N
1047 J-J
« •••
954
8tatlaiRylstgug4*98l943 J-B
Bruns A West see Ati Coast 1*
Buffalo NX A Erie see Erie
Buffalo R A P gen g 6S...1937 M-S
Consol 44s
1957 M-N
All A West lst g 4s gu..i998 A-O
Ci A Mali 1st gu g 5b....1943 J -J
Rooh A Pitts 1st g 6s... 1921 F-A
Consol 1st g 6s.
1922 J
Bub A Susq 1st ret g 4s.dl051 J -J
BurC RAN amCRIAP
t iau ao 1st ext 6s
1913 3-3
t^ao 6s...
1918 M-S
Refunding guides
DOUWT M A ACil 1st 68.1910 J - J
Clue Ind A sou 60-yr 4s..l956 J-J
Ohio MR A st p term g 6s I9i* J-J
General g 4s series A. .*1980 J -J
tfTT
0in
00
884
J *e
iYi *89** *95*4
98
024
...
964
92
....
Sale
904
92
21
luo Gt Western 1st 4s...1959 M-S
974
94V
97
1074 1094
95
95
93
Registered.
1037 M-N
Ohio A ind C Ry 1st 68.1936 J-J
taoagoA Erie see tins
984 084
984 98>s
li
93 4 Sale
034
934
10841094 1074 J’1* 'lo
954 Sale
.
08
1044
48 104 V 122 V
Ai
1910 A-Oj
Nebraska Extension 4s. 1027 M-N
Begiatered.
1927 M-N
Soutuwestern Div 4s....1021 M-8
Joint bonds AM Great Mortu
Debenture 5s...
.1013 M-N
General 48....
1058 M-8
Han A St Jos consol 6S..1011 M-S
ChioA E 111 ref A imp g 4s 1055 J-J
1st oonsol g 6s...........1034 A-0
General oonsol 1st 5s.... 1087 M-N
....
....
944
100
05
92
94V
08
1134U7
26 100
1224
1134i05 4 Sale 1064
101
1024 1004'
1084 Sait 1084
....
J-J
834
C74 101
74
ne’le
4
92
M-N 1054
00
J-J
J-J 128
984 sale
LAN COUg48...
01952 M-N
Say FA W 1st gold 6s.. 1984 A-O ll»4
107
4
1st gold 6a.............1984 A-0
Stamped
194o J-J
1040 J-J
.
Sinking fund 4s
Ala Mid 1st gu gold 6s ..1928
BrunsA W lstgu g 4s ..1938
Charles A Say 1st g 7s..1985
Registered
M-S
M-N
A-O
Iowa Div aink tund 6s.. 1010 A-O
AtCli T A 3 b e—Gen g 4s. 1995
1st prat income g 6s
J-J
J-J
J-J
I960 J-J
Registered
Ills Biy 4s
Albany A Susa bee Del A Mud
Aiiegbeuy Valley See Penn BR
Alleg A West see Bun B & P
Ann Arbor 1st g 4s
A1005 4* J
Registered....
J-J
Railway 1st lien 3 4s. .. 1050 J-J
Railroad
Bkiyu A Nontauk
M-N
Chic Burl A g—Deny D 4s 1022 F-A
Illinois Div 84s
1049 J-J
Alabama Cent bee bo Ry
AJabaMidl See At CoastLine
PLEdiW Vu8ysref 4»l941
Souttiw Diy let g 3 4a... 1925
tiia
J-B
J-J
J-J
J-J
impt5s.l029 J-J
Potts Creek Br 1st 4s.. 1946
BAA Div 1st con g 4s..1039
2d consol g 4s..
...1080
Warm spr Vai 1st g 5s.. 1041
Greenbrier By lstgu g 4s *40
Lac a Ait BB ret g 3S...1940
no
105
103 4 103 4
04V 96
004 904
....
054 Sep’10
904 Jau ’1“
46
45
&.
864 1004
....
ids
1074
1024
Sept 30
1030 M-N
1939 M-N
Registered
General gold 44s
..1002 M-S
1992 M-S
Registered
Convertible 4 4s (wli is). 1030 F-A
sig samiy 1st 4s
1044 J-D
Coal Biy By 1st &u 4s ..19*6 J-1*
Craig Valley lstg 6s....1040 J-J
105 41004
1024 103 4
....
•*»
A-O
101v
100V
00
Brice
trirtai
ti
944 974
asit
So
Registered
.&1987
Am Dock A imp go os..1021
Be A Mud R gengug 5s 1020 J-J
Dell A Wilks B Coal 5S..1012 M-N
Con ext guar 44«.—pl910
M
N X A Dong Br gen g 4s 1041
S
ent Paciuc
see so Pacitlo Co
Q-F
....
Sil Sp Oca A G gn g 4s ..1918
dotanUei bonds.
quoting ion.Is was changed. and prioos are no jo all—"and interest” —ox up1, tor into m and
4
944 May’io
05
7o*»
blue
03 4
Aug*00
744
75V
76V May’io
100V U4V 113 4 Jdai’lo
12o4Mar’03
1*03 * '**
103
106
Apr’10
1034 104
May’lU
107VUO4 1U8
101
1024 101
125 V Sale
85
974
....
04n
074
044
••••••
•*••••
::e*1
04-4
044
023|
60 4
*;”l
834
76V 80 4
1134U44
,
106
106
i*u*4* i’oT*
....
110
108
103 4104
J
126V
03
123
1274
t
.
Next Page.
Street Railway
109
105
1
101V106
834
84 3981 79V 87
1014 J’ly’10
1014104
00 4 Aiar’09
42 99
102
103
103
100V Sep M t
84V Apr'10
81 Sep *lc
78
102 4
78V
Mar’li
84
21
80
J’ly’tC
Apr’IC
81V
874 *14
101V
1024
67 4 Mar’l 0
98
May’06
UFIat. aDueJas
lib
85
80
864
76
82
102 4102 4
1004 102
80
93
94
103
Col A 0 th AV lstgu g 6s. 1093 M-8
Dex AY A P F 1st gV g 5s 1993 M-8
Third Ave BR con gu 4s 2000 J-J
994103
IUIV Aug’B
102 V
Met St Ry gen eel tr g 6s. 1997 F-A
Bet g 4s
—.2002 A-0
BwayA 7th av 1st c g 6s 1943 J-D
82\
94
77
834
1004104
47 100 1034
67 4 674
d Due Apr
«
Cent Tr Co certfs stmpd...
Third Ave Ry 1st g 5s. J1937
Orl
N
Ry A Lt gen 4*as ..1035
St Jos Ry Dt H A P 1st g 6s ’37
>t Paul City Cab oon g 6s. 1937
•
•• m
J-J
J-J
M-N
J-J
Tri-City By A Dt 1st s f 5s. 19 23 A-0
w nderground of Don os... 192c M-N
44s
1933
Income 6s.
1948
Umon El (Chic) 1st g 6s..1046
United Bys St D let g 48.1034
United BBs 8an Fr s14s. 1927
Due May
g Due J’ne
ADueJ’ly
J-J
IcDue Aug
74V Sep ’10
48V
48VSep*lo
Sep ’lo
J’ly ’10
Apr 10
1024 100
96
100
08V 07
100
07
06
004 Sale
106 V107 <•
834
103 V
96
108
07.
87V 6ato
38
AO
J-J
A-O
80
08
107 V Deo *09
97 J’nePlo
«7V
80
67
67
©Due Oct
9
•••
•
•••
■
•••
••
•
2b
....
06
102
064 89
60 4 604
56
08V
LOS 41084
87
87
TT
....
87V **b
67
64
*•••
IV
88
Oct’08
Aug’10
46
084102
Mai'lC
Nov’06
87
83
84
80
bate
.
604»ep’lo
60
00V
toevsep'io
74V 824
•
96
83** *89**
814 46
mmmrnm
»
•
••
99
•••••«
79 4 83
69
74
Due Nov e Option Sale i
854
New York Bond
•»
N. Y. STOCK KX^HANOE
t Wbkr Eniuko sept 30
Ohio St P M A O —i con)
Oh St PA Mum 1st g 6s 1918
Nor Wisconsin 1st 6s...1030
St P A S City 1st 8 6s...1010
Chic A West Ind gen g 6s ql 932
Consol 50-year 4s
1952
Chic A W Mich see Pere Marq
Choc O A Gulf See O K [ A P
Otn H A D 2d gold 4 V»...1037
Cin D A i 1st gu g 5s...1041
C Find A Ft Wist fu4ssr.*28
Cin 1A W 1st *ru k 48.1053
Ind Dec A W 1st g 6s... 1935
1st guar gold 5s
1935
01 St L A C See UUUAtitL
*
$
J-J
A-0
Q-M
J. J
J* J
m-N
M-N
J-J
J-J
J-J
Last Sale
A*k Lota
122
123
122
lllV
....
j:g
4s...1040 A-0
1000 Apr
See Penn HU
Olev A Pitts See Penn Co
Col Midland 1st g 4s
1047 J-J
Colorado A Son 1st g 4s...1920 F-A
Refund A ext 4 Vs
1035 M-N
Ft W A Hen C 1st g 6S..1921 J -D
Ooluin A Greeny See So By
Col A Hock Val See Hook Val
Col A Tol See Hock Val
UOl Conn A Term See MAW
1*0*2** ibe*
82 *a
89
Registered
3 Vs
M-N
..1915 J-D
2000 J -D
Term A improve4s....1923 M-N
Warren 1st ref gu g 3 ‘gs.2000 F-A
Del A Hud 1st Pa Div 7s.l017 M-8
10-yroonv deb 4s
1917; M-S
1916 J-D
1st lien equip g 4 Vs ....1022 J-J
1st Aref 4s
1943 M-N
▲lb A Sus conv 3Vs
1940 A-0
Bens A Saratoga 1st 7s. 1921
R GrBridge
1st
BelenvA
Riv RR
See
Pa RR
g4s.1936
con
Consol gold 4*38
M-N
J-J
1936 J-J
Improvement gold 6s...1928: J-D
A
1st
refunding 5s
1065 F-A
Bio Gr J uno 1st gu g 5s.1939 J -D
Bio Gr So 1st gold 4s. ..1940 J-J
G uaran teed
1940 J - J
Bio Gr West, let g 4s. ...1939: J - J
Mgeandcoi trust 4sA. 1949 A-0
92
04 V Salo
See M A St
....
1005 J-D
Set So—□ sRaugelst&s..
Diy 1st g 48.1041
1037 M-s
A-O
ul A iron
Registered.
Dal Short Line
93 V
ioi” ioi§"
87 V
86
102
101*4 107
96V
04 V
06
Oct '07
Dec ’09
90
May’10
__
106%....
Aug’? 0
96 A eg 10
109*s»ep’O»
109 V Deo ’09
103
121
i 19” Aug’10
96 Si
-—
...
....
....
124
93
64
1L2
114
90
94 V
89*4
96V
90
90
105 V 105 V
96 V 98 V
tty A lnd 1st con
gug6s..l926 j.j
Erie A
fc Pitts Nee Penn Co
Eyans ATH 1st cons 68.1921 j-j
1st general gold 6s
1942 A-0
Mt Vernon 1st gold 6S..1923 A-0
Sufi Co Branch 1st g 68.1930 A-0
Ltorgo A So See Oh M A St P
r Rut A Pere M
See Pere Alar
FlaCAPemn Nee Sea Air Line
Fort St D D Co 1st g 4 Vs. 1941
Ft W A Rio Gr 1st g 4s... 1928
l4.alHarASA see So Pac Go
J.Tai H A H of 18821st 56.1913
119
93
Aug’10
53
70 V
95
97V
112
See Nor Pao
So Shore A AU g 5S..1037 J-J
L'astof Minn seeatPil&M
f-i&st Ten Va A Ga see So Ry
119
irr
8
71
81V
07 V
99
13 111VH4
65
93
04 V
96»s 22
y«v 119
112
108*a
100
109 V iPae’lO
U2VS«P’10
100
109 V mv
112
114V
1*27
J’ne’06
07
94
Sep 'ua
ii5
117
Sep 10
107 v J’ly’lo
1U7V,~.
9t*V 100‘s 99 V
99V
85
102 V Feb’03
118*4 120 120 Mar'10
149
Aug’01
07 V 98*4 07 V
90
100 V 101
100V 100 V
98
99 V 08V
00 181
03 V Sale
93
93V 40
113
117
107V UOV
97 V 101
....
120
122V 124V 123V$ep’lo
95
101
05 V
104
08
101
92 V Sale
79
02
Salt
84
05 V
95V
104 V Mar’lo
101
Sep'lo
02 V
01V
Feb’US
08
78 Hec ’00
Mar’US
85
02
91
83 V Aug’10
Jau'o2
97
12oV
*
*l|
ioi”
96 v
103
1U0
96 V100 v
01
07V
I23V 130 V
92V 97V
103*4 104 V
100
28
JL05
04V
00V
18
87V
04 V
83
84V
04
.....
Du
92
73V
ICS’s
74
Sep’04
110
04
80
Sep’lu
J’ly’10
74
74
107®4 Aug’10
106 V
4s prior..1996 J-J
Registered
1996 J * J
1st oonsoi gen lien g 4al006; J - J
Registered.....
1906 J-J
Penn ooii tr g 4s
1961 F-A
50-year oonv 4 > A ....1963; A-0
do
Series B.1953; A-0
Bull IN Y A Erie 1st 7s..19161 J *D
Chic A Erie 1st gold 6s..1982 M-N
dev A Maliou Val g 6s. 103d J-J
Long Hook oonsoi g 6s..1935! A-O
Coal A RR 1st cur gu 6s.1022.M-N
Dock A imp 1st cur Os..1913 J - J
N Y A Green L gu g 6s.1046 M-N
N Y Sus A W 1st ret 68.1937! J-J
2d gold 4*38
1037; F-A
General sold 6a.
1040 F-A
Terminailstgold6s... 1043 M-N
Regia «d,UOl) each...1043 M-N
WilkA Ea 1stgug68.1942! J-D
i:i
Mont ext 1st gold 4S..1937
Registered.
1937
B Minn NorDly 1st
g 4&1048
Minn Union Istg6s..l022
Mont C 1st gu g os.... 1937
Registered.
1937
1st guar gold 6s
1037
Will A 8 F 1st gold 5s 1938
Greenbrier Ry See Chea A O
Gulf A S11st ref A t g 6s 61952
07 V
91
72
74
111
106
118V121
100
101 V105
08
102
84J
106V 107V
118V
loo
H8V
2 U8V 122V
J’ne’10 ...JtlOU
LOO
loGV Mar’10 ...Jiuev 106 V
103
Mar’10 ....1*103
103 V
106 V 106V
106V Jen ’10
00 V 99V
90V Peb’iu
120V 124 Aug'O0
85 V 84V
84V 26; 80V 87 v
Nov’09
81
74 V saic
73 V
TO
85
87
70
86 V
87 V
72-4 Sale
V
75
Feb’07
48,
Sep’10
72V 244
67
767i
83V
64
87
luOV
90
|103V Get ’09
103 V 103 V Jan TO
LUO
TOO V Dec’06
00V luOV 100
80
86V! 80
105
08
V
....',103 V 103
104 V
2.J 99
••••••
••••
J’ne’io
80
|lO8VMay’10!l”j
102
93
108 V 108 V
|l01VM.ar'ioj.... \01V101V
114
Apr'05
101
102 v
05
J'ne’08
92
84
Aug’10
86
99
97
J’ly’09
88 V
84
b4 V
92
87
J-D
100 v
J-J
91V
4-J
F-A
99
lOOV
106 V 106 V
61
60V
......
105 V
Sep T(J
3 105
ioi
Apr’10
96 V Sep’08
105 V Sep To
102
Sep TO
97
•
•••••
and asked this week,
•
a
--T--
101V
97
Mar’lt
LOI
Aug’10
113 V •■113 V
90
Mar’lc
103 **
102 V
99
Sep TO
91 Apr To
iois
voiv i'05'v
61V net ’01
Oct ’OO
io?v
60V 67
....
100V fOl
100
105 94V 97V
96 V Sale
96 V
97
6
07
90 V
90 V
04V 9bV
2
99
Sale
99
9S
90
100
125 V 128 V
124 V 127 V 1*25 V J’lylO
132
Apr ’00
106 V
105
Iu5
103 V 107 V
108V J’ne’09
J-J
J-J
J-D
100 V Sdp TO
98
08 Aug’10
100 V Hot '06
93 V...... 00 V Jan’lu
100
06
112V
89
J-j
Extended 1st g 3 Vs
1st gold 8s sterling
Registered
1st ref 48
L N O A Tex gold 4s
90vt«*puy
A-0
87”
99 V
87 V
1965 N-N
00V
07
......
......
......
86
89
96
95 V
104
105V
00
02
09
10UV
94
06*‘ *99 V
08 V
01V 100V
8
100
06
88 V
J’ly’lo
06
80
96
08
117 V117 V
99
118
May’10
107 V 108 V 107 V Sep TO
HO
May’10
ioYvbafe ICTiV io7 *a
18** 18 V 10 V Aug’lo
iu4
104
1U4V
74
60 V Aug’10
......
00
114V110
00
Oct ’00
07 VMar’lo
98
J’ly’ub
95
88v
V
Nov’UO
117 VMay’lO
09
Jbeo’io
116
Aug’io
118
Mar’10
116
00
<
'it "4 *7*7*4
,77V Mar’lu
70v Hec’08
80
Feb’10
1U1V ect '00
93
*86V
J'ne’u0
08s»
07
May’07
oO
Apr ’00
b7 VMuy'lo
123
.Uuy’00
00
85
04V
116
116
112
08V
0HT
V
84 V
102
1061 J * J
195iJ* J
BeRey A Car 1st «s
1923! J-*>
Carb A Shaw 1st g 4s...1032 ■*-8
Chic St L A N O g 6s...1061
J*£
Registered
1061 J-D
Gold 3 V»
1061 J-D
Memph Div 1st g 4s.. .1961 J *£
St L Sou 1st gu g 4s.... 1031 M*®
Ind B1A West SeeCOCA St L T ,
ind Ill A la 1st g 4s
1960 J-J
Int A Great Nor 1st g 6a..
1919,^*2
2d golu 5s
1909 *DS
Trust Co certfa
*•••
3d gold 4s
1921 Pf*8
Iowa Central 1st gold 6S..1938 J-D
Gold 4s.
1961 M-S
03VMay’uU
J’iy’OJ
Sep To
00 V
00
0/7s
08 V
...19&3'M-E
Registered....
1061J*J
Spring Diy 1st g 3VS...1961 J-J
Western Junes 1st g 4s..1961F-A
017s
09V 104
101
J’ue’lu
107 V a oi ’o f
02
Aug,10
04
hep 'uu
07
88
90V
114V
8u
1052,A-0
Omaha Div 1st g 3s
1961 F-A
St Louis Diva term g 3s.
19611J - J
Registered
02
1951 M- S
1952, A-0
Registered
...1963 M*N
Cairo Bridge gold 4s....l96o! J *D
LomsvDivATerin g3 Va. 1963 J - J
Middle Diyreg6s
102llF-A
Gold 3 Vs
102 V
100V Sep *u8
05 V May To
09V
iio” ii*3 V
Apr’10
03
86 V
1951 j-j
1951 j-j
1961
89
100V
|125 129
102 V 102 V 102
Registered
1909
Col A H V 1st ext g 4s..1948!A-0
Col A Toi 1st ex 4s
1055 F-A
Houst E A W Tex See So Pac
HonstATexCen See So Pac Co
I Ulnois Central 1st g 4s..1951 j-j
A Registered
.1961 j-j
Registered
....
08
113
125
Aug’10
136 V •**n)'O0
V 110
J’ly’10
116 J’ne’ob
iVbv il3
112
114 V Ueo’70
......
124 V 130
100V101V
118
0<v
97V
95
98
107V 110V
3
106 V 112
106
1 i 2V
19 V 35
102
1U6V
60V
7/ V
71V
74
see
KCFtSAM See St L A S F
KCAMRAB See StL A 8 F
Kan C A Pao ill o See M K A T
Kan City Sou 1st gold 3S..1960 A-0
Registereu
1960 A-O
Ref A impt 5s Apr 1950
A-O
Kentucky Cent
i
T#f
07
00
101
LlO V116
87 V 00
01
Due Jan
i’u’iv
5 LOOV105
99
101
....
•
•-••••
78
73V
73V Sep TO
63
101
’00
101
out
102
101
lo7
110V
UOV
10b *a Mar 10
00 V 103
see LAN
Keok A Hes Mo see C R 1AP
Knoxville A Ohio See 80 Ry
Lake
Erie 5s
A W 1st g 6s..1937
2d gold
1941
J.J
J-J
110V
North Ohio 1st gug 6a..1045’A-O
L Sho A Mich S See N ¥ Cent!
.
L.eli Val N ¥ 1st gug 4 Vs.1040 J-J
100
1040 J-J
registered
iAhigh Val (Pa) oons
Leh V Ter Ry 1st gu
g
g
4a.2003 M-N
Registered
E1CAN 1st pf 6s
Gold guar 5s...
1045M-S
1014! A-0
1014 A-0
96V
Mar To
106 V 108 V
06V
06 V 07 V
114 ,116V
06V
03
102
100
lOiVsep ’09
I06
108 V 112
105 V J’ne’10
107
Aug’UV
J’ne’iO
v 114
118 V 100 V Oct ’Ub
Nov’00
108
06 V 03*4 Alar TO
111
10 108V 112 V
106 V107 V
li3
93V
101V Feb’10
06
101V IU1V
Leh A Hud R See Cent ot N J
Leh A Wilkes b See Cent of N J
Leroy A caney Val See Mo P
uong Hock See Ene
LKMig isi’d— 1st con g 5a./iT931
1st consol gold 4a....../tl93l
General gold 4s
1038
Ferry gold 4 Vs
1022
Golu 4S
Unified gold 4s
Debenture gold6s
on
Q-J
Q-J
J-H
109V
M-8
08
112
Feb TO
112
06V
95V
07*a
97 V
00 V Oct’06
03
112
101
04*4
1032! J-D
08
1940;M-S
06
loo
07
06
07
03 V Mar’10
104 V Hec’08
10341 J-D
97 V
LUOV
95
03 V
Next Page*
Gas and Electric
-
M-N
A-O
i:i
5s.l04llA-O
Registered
19411 A-O
83
Leh V Coal Co 1st gu g 5s. 1033; J - J
73V Leh AN ¥ 1st guarg4s..l046;M-6
68
Safb
68
65V
161' 56
100
116 V 113V Mar’10
.-J'liav 113",
111 V
• llo
115
LllvSep’lO
112
i*2l Hec’08
122 V
120
124 V 124 V
127
114
1U9VU4 Apr 10
114
+ 106
EqG LN k 1st con g5a..l032
Gas A Elec berg Co c g6s.l940 J-H
Gr Rap G L Co 1st g 6S...1016 F-A
98
ioi
Hudson Co Gas 1st g 6s.. 1049 ,*-N
102
Man City (Mo) Gas 1st k 6s 1922 A-0
97
Kings Co El L A P g 6s... 1037 A-O >101**
Purchase money 6s
*097 A-O 113 V 114
Ed El H Bkn 1st con g 4s 1930- J-J
00
Lac Gas L 01 Bt L 1st g 6s.al01v> V-*
101V 102
V Ret and ext 1st g 5s
1034 AO
90
100
Milwaukee Gas L 1st 4s.. 1927 M-N
80V
Newark Con Gas g 6s
1948 J-D
108V
man
KaiAAGR
SSsLSAMS
A Mich
Toi A o U
Dec’09
113
J-D
J-D
A-0
Hook Vai 1st oonsoi g 4 Vs. 1090
iUlbOELLANkOUS BONDS—Continued
Friday; latest bid
Low
Oot ’00
116
Deo’09
101V ldl V J’ae’lO
86
06 V
Since
January l
116
J-J
M-N
A St JoSeeSeeN CY BN AH uA H
Han
oosatomo
an
107 V
Erie 1st con g
04
88
Mai *06
g 5s. 1041 M-N
Elm Cort A No See Leh A N Y
Brie 1st consol gold 7s....1920 M-8
NY A Erie 1st ext g 4s 1047. M-N
2d ext gold 6s..
1919;M-8
8d ext gold 4 Vs
1923.M- S
4th ext gold 5s
1920 A-O
5th ext gold 4s
1928! J-D
N Y L E AW 1st g fd 7s.l020:M-S
No price
101
A-0
Registered
1933
Reduced to gold 4 Vs 1933 J-J
Ooll Trust gold 4s...
rib**
106V 107v lo6vSep’10
•*
109
htgn A 0
Range
See So Ry
1st golu 3 Vs
Dal
Elgin J oi A East 1st
Georgia Pacitlo
Registered
1933
Dakota ext gold 6s....1010
loo" May’10
1037 A-0
1016 J-J
Gan ami Electric Light
Atlanta G L Co 1st g 6s...1047
Bklyn U Gas 1st con g 6s.l94f>
Buffalo Gas 1st g 6s
1941
Columbus Gas 1st g 6b....1032
Detroit City Gasg6s......l02.^
Det Gas Co oou 1st g 6s...l01t
Bid
Aek Low
1*5 V
114
I|
sea A Line
See sea A lane
Glia V G A Nor See So Pao Co
Gouy A
Oawegat See N Y Cent
Grand Rap A Ind Nee Penn KR
Gray’s Pt Term See St L S W
Gt Nor—C B A Q ooll tr 4s 1921 J-J
Registered. A
1921
St Paul M A Man 4s....1033
1st oonsoi gold 6s
1033
98
06
J’ly'08
02
71
Sale
96
sale
98 >« Safe
90V 96V
Ti
96 V
94
63
14
1
Xj
pesMol UuKy 1st g6s.. 1917
Det A Mack 1st lien g 48.1995 J-D
2d 6s
88
106VFe6’iu
104*11....
M-N
Gold 4s
127
Week’e
Range or
Last Sale
Price
Friday
Sept SO
hi
higl
UIV 114 V
108V112
j’ly 10
Sep ’10
91
03
91
100 V
99
UtahCentlstgug4s al917 A-O
Des M oi A Ft i>
N. Y. STOCK EXCHANGE
Week End urn Sept 30
Low
Oct ’00
94
04 V
94 V Aug’oU
94V Sale
04V
J-D 110*4
N Y Lack A W 1st 6s...1021 J-J
Construction 6s
1923 F-A
Registered....
101V
BONDS
Since
123
107 V Deo ’02
DOonn A Pas Rtvs 1st g 4s.1943 A-0
1st ref gu g
High No
J’ly’10
86
85
104
OnbaRR 1st 50-yr5 g....l952 J-J
akAGtSo see C M A St P
alias A Waco See MEAT
Del Lack A WesternMorris A Essex 1st7s...1914
1st consol guar 7s
1915
113
ioi
Range
January 1
108 V J’ly’10
92 *4
92V
02 V Sale
102
3
mVMay’US?
lllV Aug’10
.....
107*8112
1U3
J-J
Registered
1034 J-J
lnd Bt A W 1st pref 4s. 1040 A-0
0 lnd A VV 1st pf 6s...tti038'Q'J
con
S"pt SO
He
s-s
•5
Ga Car A Nor
4:1036
Income 4s...
Gley A Marietta
Week's
Range or
Georgia A Ala See
Olev Cin C A St L gen u 4s 1003 J-D
Cairo Div 1st gold 4s....1039 J-J
Cin W A M Div 1stg4s. 1001 J-J
St L Div 1st col tr g 4s.. 1000 M-N
Registered
..1000 M-N
Snr A Col Diy 1st g 4S..1040 M-8
W W Val Diy 1stg4s...1040 J-J
01 St L A C consol 6s..l920’,M*N
1st gold 4s
...fcl036
Cin S A Cl con 1st g 5s. .1028
O C C A 1 consol 7s
1014
Consol sink fund 7s....1014
General consol gold 6s. 1034
Price
t'rvtav
Sui
M-N
OinSAC AssCCCStL
Clearheld A Mah See B R A P
Peo A East 1st
[VOL. LXXXXl.
3
BOND’S
Registered
Record—Continued—Page 2
02V
••••••
b Due Feb
Light
NYGELHAPg 6S...1948
Purchase money g 4s...1949
J-D
F-A
Ed El Ill 1st oons g 6s..1096 J-J
N YAQE1 LAP 1st con g 6sl93o F-A
N Y A Rich Gas 1st g 5s.l921 M-N
Pacific G A Elec Co Cal G A E
corp unifying A ref 6s 1*37 M-N
Peo Gas A c 1st oon g 6a. 194b A-O
Refondingjgold 6s....,..l947 M-8
ChG-LAOkslstgngSs 1937 J-J
Con G Co of Ch 1st gu g 6s.’3t>
Ind Nat Gas A Oil 30-yr 5s ’36
Mu Fuel Gas 1st gu g 6s. 1047
Philadelphia Co oonv 6s ..1019
Syracuse Lighting 1st g 6s.*6i
Trenton G A El 1st g 6s.. 1949
Union Elec LAP 1stg6s. 1932
Westchester Llgbt’g g 68.1960
d Due Apr
e
Dhe May
J-D
M-N
101V Sale
101
86 V salt
86
:::::: iii01V 92V
101
J-H
A-b
M-8
J-D
h, Due J’ljr
91V
102
00
”99” ioiv
•
91V
Aug’lu
»o2
104V l04VSetf TO
102
..
98
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110
l00Vi*02H
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g
102
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lOO
Sep'10
ioi
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21
Ang’10
1U0V Mar TO
97 V J’iy ’09
v 116 V
102
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102
101
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•*••••
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Aug’l 0
101
99
98
Jan ’08
J’ne’lt
100
TOO
Due Deo
s
105
100
Option Salt
Oct.
New York Bond
11910.]
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\
BONUS
M
X. Y. STOCK EXCHANGE
VV'RKK BNntNti SEPT 30
O
$£
Long Island—(Con)
Guar ret gold 4s...
1949 M-8
Bklyn & Mont 1st g 6s..l911 M-8
1st 58
1911
N Y B<fe M Blstcong6sl93b
N Y A H B 1st g 6s
1927
Nor ShB 1st con ggu5sol932
Louisiana & Ark 1st g os. 1927
Louisv & Nashv gen g 68.1930
1937
Gold 58
Umlied gold 4s
1940
Price
Sept 30
Bux
M-S
A-O
M-S
103
100
101
93
116
J-D
M-N
J-J
J-D
M-N
g
Stamped guaranteed.
48.1977
..
.1977
Ilex Nortli 1st gold 6s....1910
Midi Cent bee N Y Cent
Miaol.NJ
bee Kne
Mil L s A W bee Cliic A N W
Mil A Nortli bee Cii M A St P
Minn A St L 1st gold 7s.. 1927
Pacilto Ex 1st gold 6s...1921
South West Ex 1st g 7s.1910
l9t consul gold 5s
1934
1st amt reinnu
gold 4s.. 1949
Lea M <fc Ft U 1st gu 4ft...’35
Minn do St l. g u bee B C It AN
M St P A S S M con g 4 mt gu ’33
M S S At A A 1st g 4 int gu 1926
Minn Lu
*ec St P M A.U
Mo Kau A lex 1st g 4s... 1990
2.i goal 4s
1st ext gold 5s
1st A refund 4s
Gen s I 44s
St L Div 1st ret g
y
j.000
1944
2004
1936
2001
6s... 1940
4s... 1990
5s...194
4s
1054
68
*92
100
103
gold 4s..
Moutgom Div 1st
193b
108
98
Mouuugahela Riv
Morn, cent
90
99
M-N
M-S
105
67 4
J-J
J-J
.
J
J
113
Jan’09
96 |
102 !
110
96
102
114
944
102
97 4
97
104
964 98
100
Apr’05
65
984
944 994
Sep ’10
99
964 99
274 314
317, May’ 10
254 Apr’09
77
Mar’10
May’10
May’10
131
118 Jan’07
1004 J’ly’10
10K-4 1044 Sep’10
67 4
674
Mar’lo
87
694
934
97**
Sep ’lo
984
Jan’iu
105
894 02 4, 90
1094 liO
10934
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108 4
102 4
1044
109
110 *4
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131
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90
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98 4
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105
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85 4
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113
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109
105
105
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108
107
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2 100
101
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79
784
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814
954 Nov'09
93
JwUt
92 4
108
89- 96
914 03a* 914 Sep 10
914 96
8434 86
8? 4 Muy’lo
86
874
110
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96
97
99
May’lo
98
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1 110
113
no
1123, HO
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1054 no
107*4
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102
98
117 4 121
1174
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81
86
22
82*4
87*4
Jan'io
Dec’06
......
114 4 1174 114 4 Sep ’10
864 87
864 Sep 40
105
107
107
107
80
75
May’08
94 4 06
96
J ne’10
......
1 115
1214
1144117 4
864 90
108 4
2 107
-
WITT
95
06
79
794
*..
96
Range
binoe
January l
■
-
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78
•
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82 4
794 79 4
074 084
....
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974 Apr’OU
984*094 '
984J’ne’10
106
Get ’02
93
Aug’10
108
Oct ’09
064 954 Sep’10
06
1314 J»n ’09
10641194 107 J’ly’10
Jan '08
1054 105
193
....
95
83
....
87
100
884 Sam
944 sale
94
110
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107
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684
044
03 4
04
03 4
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984
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110
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104
-
104
10141024
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-.
l
100
16
26
90
88
02
02
100
004
884
934
03
107
....
104
J’ne’10
102 4 Feb'10
83
83
92
J’ne’09
115
J’ne’09
125
Feb’08
100
90 4 Sals
6
143
102
924
92
954
054
oct ’07
Deo’09
1304 Jan’00
109
100
100
1224
1094 112
Q-M
1084
Y Lack AW bee D L A W
Y L E A W bee Erie
Y A Long Br bee Cent ol N J
Y N D A H—Conv 6s.. 1948 J-J
Conv deben 3H28
19 5 6 4-J
Dousatonic k eon g 5s.. 1.937 M-N
N H A Derby eon cy 5S.1918 M-N
N Y A North bee N Y U A H I
N Y O A W let 1st g 4s.. 1/1992 M-S
Regis $5,000 only
95
115
110
99
984 08
00
*89 4 87
99
'*82**
924 Bale
994 Bale
984
90
91
1014 Bale
094 100
Oct '09
J’ne’06
Jan ’lu
Dec’00
J’ne 08
Apr’ 10
99
...
60
014
Dec’00
90
J’ne’lo
1014
1014
904
100
»7
90
83
924
6: 9741004
904
094
09
100
Improvem’t A extg 6s.. 1934 F-A
New River 1st g 6s
1932 A-O
N A W Ry 1st con g 48.1996 A-O
Registered
1996 A-O
Div’ilstlAgen g 4s... 1944 J-J
10-25 year conv 4s.... 1932 J-D
Pocah C A C Joint48.. 1941 J-D
C C A T 1st gu g 5s
1922 J-J
Scio V A N E 1st gu g 4s 1989 M-N
North Illinois bee CM A N Wi
North Ohio bee L Erie A W
Nor Pao—Prior lien g 4s.. 1997 Q J
Registered
....1997
General lien gold 3s....a2047 Q-F
Registered
135
Sale
1344
1004 sale
100*4
112
1U04
97
054
90
02
27’ 994 1024
...
61 9641004
a2047 Q-F
St Paul-Dul Div g 4s....1996 J -D
Dui short L 1st gu 5s.. 1916 M-S
C B A (j ©oil tr 4s bee Gt N or
St P A N P geu g 0s....1923 F-A
Registered certihc’s..l923 Q- F
St Paul A Dui 1st 5s....1931 F-A
2d 6s
1917 A-O
1st consol gold 4s
Wash Cent 1st g 4s
1908 J -Dj
1948 Q-M1
Nor Pac Ter Co 1st g 0S..1933 J-J
N or Ry cai bee so Pao
135
iou4
113 4 Sep ’Lu
IU7
Aug’00
96
US 1304 1354
*U
164 1034
112 4110
—
Sep’10
98
00
101 4 <>
yl002 M-S
N Y A Put bee N X C A D
N Y «* R B bee Long island
N Y S A W bee Erie
N Y Tex A M
bee So Pac Co
Nor A South 1st g 5s
1941 M-N
Nort A West gen g 0s
1931 M-N
|!
Mav'10
1254 125 4
126
Mar’lu
101
1004
125
100
1 1*3
121
128
120
122 4 123
May’10
99 4 Bale
094
00‘s
97
93 *2
*034
994 Sale
884 Bale
’*9*54 ”064
1014 Sale
004 101
714 72
03
09
004
:
11
884
101
1014
904 SepJlo
714
7a 4
Sep’lo
Mar’lu
Feb’10
1244
.64100
97
07
01
934
94 4108 s
864 004
..
Apr’IU
J’ly’lo
70
97
90
70
123
09-b 148
884
106
04
1264
12441204
>.
4
Apr’lu
Sep ’10
1014
..
1044106
04
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064
99
1024
984101
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68,
604
74
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724
064 974
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1164 Sals
Feb’lu
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964 Apr’10
0*4 4 Jan *00
1104 Aug’rO
1174 11/
110
103
95
1164
1104
112
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103
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92
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Nor A Mont bee N Y Cent
i
|
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See S P Co
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C A St L
A
1064
J-J
1064
1064
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110
in
115 4
110
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106 4
113
J-J
944 944 944
944 iy2 93 4 95*4
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6
874 92 4
91
91
O 1004 1024
1004 Bale 1004
83 4
82
85
844 Sep’io
A-O
J-J
A-O
2
Sep’io
1164 May'ov
1064...... 117 4Mar’05
10641104
10841104
....
J’lv’04
......
...
ac 01 Missouri
bee Mo Pao
Penn RR 1st real eat g 4s.1923 M-N
Consoi gold 5s
1919 M-S
Consol gold 4s
1943 M-N
Convertible g 34s
Convertible g 34s
Consoi gold 4s
1912
1915
1948
Alieg Vai gen gu g 4s...1942
DR RR A Bge 1st gu 48 g.’30
PliliaBai A W 1st g 4s.. 1943
Sou Bay A So 1st g 6s...1924
U N J ERA Can geu 48.1944
Penn Co—Guar 1st g 4 48.1921
M-N
J -D
M-N
M- S
F-A
103*4 105
1044 Sep *10
1014 102
......
102
......
90
sale
064 bale
1024 sale
100
94
M-N
1014
J -J
M-S
J-J
100
Aag’iO
....
894 Sale
87
894
94
944
614 Sale I
804
*
884
89 4 85
874 92
864 904
92
954
4
14; 794 824
86<4J’ly’lU
95
814
79
....
96 ,
814
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80 4
on
1034
100 4 Jan ’00
106
Peb’10
09
094 47, 084 102
96
96 4J 371' 04 4 074
1024 102*4 70 1014 1044
ibo** ibi*’
1024 Apr’10
....
1024 1024
103 4 Deo’09
To* Jan *03
......il034May’10
1044104 Sep ’10
Registered
,1921 J-J 1004
1034 Feo’10
Guar 3 4s coll trust reg. 1987 M-S
00
884
Aug’10
Guar34soolitrser B...1941 F-A1
88 ’ 00
88
Sep ’10
Tr Co oerttf’s gu g 348.1016 M-N
97
07
Sep’10
Gu 34s tr otts U.,.......l942 J -D
87
00
Aug’10
Gu 34s tr ctls D.........1044 J -D<
01
80
Deo’00
004
MISCELL 1NKOUS BONDS-Coutinued
10241084
....rl02
103
103
....
......
J-J
Registered
1997 J-J
Deben g 4s
...1934 M-N
Lake Shore coll g 34s...199b F-A
Registered
1998 F-A
103 lOfi
1034 1034
00
88
054
87
90
914
974
90
Next Page
Coal and Iron
Buff A Susq Iron s 15s....1932 J-D
Debenture 5s
a 1926 M-S
Coi aaa Co gen s 1 g 6s..i04o (*-A
Convertible deb g 6s....1911 F A
Col IndulstA coll os gu..l034 F-A
Contm’tal C 1st s t gu os g.1052 F-A
Gr ltiv Coal A C 1st g 6s.. 1010 A-O
Jeff A Clear CAI 1st g 68.1026 J-D
Kan A H C A C let s f g 58.1051
Pocah Con Collier 1st s f 6s.’67
Sunday Creeic Co g 5s....1044 J J
Tenu Coal gen 6s
1051 J-J
Tenn Div 1st g 6s
<*1017 A-O
Birm Div 1st consol 6s..1017 J-J
Cah C M Co 1st gu g 68.1922 J-D
De Bar C A1 Co gu g ea.1910 F-A
Vioior Fuel 1st s 15s
1053 J-J
Valron CoalAColst g 5e.l949 M-S
i:i
♦No prioe
084
77
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95"
99 4 Nov’09
94 Deo’00
101
101
974 064J’ne’lO
78
77
78
1074 Deo *04
ibd** 1024 Apr’06
107 May*07
””” 1064 Dec’06
82
ibi” ibi’*
104
106
roe
106
......
104
88
78
102
104
104
110
100
864 87
09 4 Sale
09
Friday; latest bid audanked.
aDue.Tan
J’nc’10
Feb’07
1<>2
Sep’10
Sep *10
Jan ’00
Jan‘lc
Aug*09
994
b line ^eb
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Am
Ag Ohem 1st o 6s
Am Cot ou ext
44s
l
1986 J.J
1028 A-O
1016 U-F
Am Hide A L 1st s I g 6s..l919
Amer Ice ttecur deb g 6S..1926
Am Spirits MIg 1st g 6s..1016
am Thread 1st col tr 4s..1910
Am Tobaooo 40-yr g 6s. ...1044
M-S
A-O
M-S
J “J
A-O
F-A
4a.
951
doth Steed lot ext si 6s.. 1026 J-J
lent Leather 20-year g 5a1925 A-O
Consol Tobacco g 4s....... 1951 F-A
Corn Prod Kef 01 g 6s
1931 M-N
1st 26-year si 6s
1934 M-N
Ouban-Amer Sugar ooll tr 6s ’18 A-O
Distil weocor conv 1st g 5s.’27 A-O
E 1 duPont Powder 4 4s.. 1936 |J-D
Due May gDae j ’be ADue T’UT kDue Aug
o
1
Mai'04
844
M-S
N
N
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,
,
120
107
J-J
Sep ’10
794 Aug’iu
974 Aug'10
102
195
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<<
Huiti Ao Low
ASK Low
J-J
J-J
Oswego A Rome beeJH Y C
pao Coast Co 1st g 6S....1946 J-D
Morgan's La A T
Guar gen 4s
1977
Nut or Alex prior lieu 4 48.1926
1st oonaoi 4s
1951
New DAD beeN Y N D A U
J
J
N
unc UK
bee N Y Cent
N x Biun A Man Bell bee L 1
N Y Cent A D Rivg 3 48.1997
hi a
Week?s Range or
Last bale
\Jiuo Riv RR bee halt A O
Ore A Cai bee So Pac Co
Ore Short Line bee Un Pao
bee B A O
1 asper Branch 1st
g 6s.. 1923
Meal Al W A Al 1st 6s..1917
T A P Braueli 1st 6s....1917
Nas.i Fior A she! bee LAN
Nat riys or Alexpr 144s 1957
Price
Friday
Sept 30
N Y A Greenw Lane bee Erie
N Y A Har bee N Y C A Hud
102 41024
U74
J-J
A-O
J-J
J-J
M-S
M-N
20-year deb 4s
1929 A-O
Bat O A stur 1st gu g 3s. 1989 J -D
N Y Ohio A St L 1st g4a 1937 A-O
Registered
1937 A-O
Debentures 4s
1931 M-N
West Shore 1st 4s gu...2361 J-J
2361 J-J
Registered
...»
i0634
U1
Sep ’09
b6 4 bale
»44
B54
85 4 854 854
854
J-J
J-D
1997 J-D
1928 M-S
Mahon Cl RR 1st 5S..1934
Pitts A L Erie 2a g 6s.al928
PlttsMcKA Y 1st gu 68.1932
2d guar 6s
1934
McKees A B V 1st g 6s 1918
Mich Ceut 5s
1931
Registered
1931
4s
1940
Registered
1940
J L A 8 1st g 34s
1951
1st g 34s
1962
934 984
bee St P Al A Al
Chat Agold
Nash
St L6s1st 7s.l9l3
1st consoi
192b
Debenture g 4s
J-J
J-J
A-O
26-year g 4s
^1931 M-N
KaAAGRlstguofis.1938 J-J
11041104
1094114
88 4 904
97
98
X4
•'
Registered
1064111
1104Mar’l0
l094J’iy’io
904 Sep’10
34 4 95
1U3
104
7 a** 82
86 *u Bale
78*11
OgALChamlstgu4sgl948 J-J
Rut-Cauad 1st gug 48.1949
St Law A Adir 1st g 5s. 1996
2d gold 6s
1996
Utioa A Bik Rtvgug4s.l922
Lake Shore gold 34S....1997
105 4
89 4 92
904 Sep 10
1064 Aug’10
964 974
98
J-D
F-A
.U-N
M-S
J-J
A-O
M-N
F-A
A-O
M-N
M-S
J -D
M-S
M-N
6s.. 194^ F-A
4s..51936 u-P
9*i** '*964
92
J-J
-ll-S
934 Sep ’10
JUy 06
100
101
1254
1074 1104
*28
76
130
124
.....
1104
1094114
904 92
95
110
106
116
....
N J June R gu 1st 4s...1986 F-A
N X A Harlem g 34s...2000 M-N
N Y A North 1st g 5s...1927 A-O
N Y A Pu 1st con gug 4s 1993 A-O
Nor A Mont 1st gu g 6s. 1916 A-O
Pine Creek reg guar 68.1932 J -D
B W A O con 1st ext 5s. A1922 A-O
Oswe A R 2d gu g 5s...el915 F-A
R W A O T R 1st gu g 68.1918 M-N
Rutland 1st con g 44s.. 1941 J-J
1114 112
103
1074 Mar’10
113
Sep ’10
71
May’09
....
9434 96
10141054
904
J-D
A-O
J-D
g
St L A Cairo coll g
Guaranteed g 4s
1931
Al A O coll 4s bee Southern
Mohawk A Mai NeeN Y C A11
76
107
Mar’10
Jan’09
120
ill
J-D
»
General
1004 D©o'09
^07 4 1074
112
J’ly'10
103^ Apr’10
1134—.
M-S
Dal A Wa 1st gu g
Kan C A Pao 1st g
Mo K A it 1st gu g
M K A Ok 1st gu 5s
1942
M K A fol T 1st gu g 5s.1942
SherSh A Solstgug 5s. 1943
Tex A oklalstgug 5s...i943
ftioPaoiffc 1st con irGs ...1920
Trust gold 6s staui)ied.al917 M-S
Registered
al917 M-S
1st coll gold 6s
1920 F-A
40-year gold loan 4s
1945 $VI- s
3d 7s extd at 44®
1938 M-N
1st A ret conv 5s
1959 M S
Cent Br Ry 1st gu g 48.1919 l; -A
Ceu Branch IT Plstg48.l94i- J-D
Leroy A C V A L 1st g 5s 1926 J-J
Pao R ol Mo 1st ex g 4s. 103s F-A
2d extended gold os... 1039 J-J
St L Ir M A Sgen con g 5s 1931 A-O
G en con atauip gtd g os 1931 A-O
U nitled A ret gold 4s.. 1929 J-J
KiV A U DlV 1st g 4s..1933 M-N
Verdi V1 A W 1st g 68.1926 VI-S
Mob J A K C 1st cons g 5s. 1953 J-J
Mob A Ohio uew gold 6s.. 1927 J -0
J
1st extension gold 6&../il927
1998 F-A
1stgug4s.1936 J-J
Registered.
......1936 J-J
2d gu gold 6s
1936 J - J
Beech Cr Ext Istg 34s 61961 A-O
Cart A Ad 1st gu g 4s...1981 J-0
GouvAOswelstgugSs 1942 J-D
Moh A Mai 1st gu g 4s..1991 M-8
Beech Creek
109
97
115
96
Sale
?!
Registered
101*4 Dec’08
1104Nov’06
106 Apr'07
1184 1244 124
J-J
J-J
M-8
M-S
M-8
M-N
J-D
M-S
bee L 8 A M S
1st con
07
1074 Sale
1094
1024100
ivA anliattan Ky consol 4s. 1990 A-O
Registered
1990 A-O
Stmpd tax exempt.. 1990 A-O
If cK'pt A B V bee N Y Cent
Bex Cent cons g4s
1911 J-J
1st cons mo g 3s
al939 J’iy
2d oons inc g 3s trust reots..
tfex Interuat
N. Y. STOCK EXCHANGE
WKRK ENDtNH SRPT 30
Since
Nov’O0
Nov’09
115 !
11241164
113
1124 Sep *10
1124 U4
08
084 Sale
984 36 9641004
984 100 May’09
ti
Kentucky Cent gold 4s.. 1987 J-J
LA N <fe M A M 1st g 4 4s 1945 M-8
LAN -South M joint 48.1952 J-J
N Fla A S 1st gn g 6s...1937 F-A
N A C Bdge gen gu g 4 4s 1945 J-J
Pens A Atl 1st gu g 6s.. 1921 F-A
SAN Ala eon gu g 5s..1936 F-A
L A Jeff Bdge Co gu g 4s..l945 M-8
L N A A Cii bee C 1 A L
\/l ahon Coal
98
BONDS
Range
Oo
Hxgn Jfo Low High, N Y Cent A H it—(Con)
97 I
2 944 100
Mich Ceut 00LI g34s..<.1998 F-A
ASK Lou
064
Registered.............1940 J-J
Sink: fund gold6s........1910 A-O
Coll trust gold 5s
1931 M-N
K H <fc Nash 1st g 6s....1919
L Cm & Lex gold 4 ‘as. ..1931
NO&M 1st gold 6s....1930
N O <£ M 2d gold 6s.....1930
Pensacola Div gold6s...1920
3t L Div 1st gold 6s
1921
2d gold 3s.....
1980
Atl Knox & cm div 4s..1955
Ati Knox & Nor 1st g5sl04G
Bender Bdgelstsf g6s.l931
WeeWs
Range or
Last bale
Friday
855
Record—Continued—Page 3
77 4 Sale f 77
10141024 1014
97
974 Sale
04
94
60
72
774
1014
074
90
105
62
07
94»«
97
734 Sale
88
p
93
93
944
044
.
238
20
4b
•
8V
764 884
••»
03
'
m
964J’ly*10 M—R
70 4
86
Due Nov
784
'
DUe Dec
07
034 984
96
06U
JTy’JO
Q
18'
...
93
Sals
93
Due Od
72
2 1
8 034 98
2
92
102
67
1
04
80
62
94
68
Sep *10
804 Sep’10
1044 105
804 Sale
804
804
86
Sale
844
85
094 Sale
904
024
784 804 80 Sep ’10
044 08
26
86
/Pint*-
“
New York Bond
856
*
BONDS
N. T. STOCK EXCHANGE
Wkkk Ending sept 80
Pennsylvania Co—(Con)
Goar 15-25 year g
.
M-N
J-J
A-O
M-N
F-A
i J
J-J
J-J
J-J
J-J
A-0
M-N
A-O
A-0
M-N
F-A
J-D
A-O
Last Sale
97
101
ASM Low
3ale
103
.....
90
90
90
104%
104 4
104 4
1044
974
934
97 4
112 4
High Ao Low High
4
97
944 99
Jan’05
Aug’09
96
90
91
90
107
105
106
Since
January i
1104 Jan ’99
1094 J’l.v ’09
103
May’08
Sep’10
91
10441054
107
109
109
105 % 106
Oct ’08
10641064
974
974
94
J’ly’lu
112 4
Skip ’10
109
10741074
103 4 1074
106
106
1064 Sep 10
—
91
984 Ayr’94
104 4 Oct ’09
1054 J’ly'io
104% Aug’10
May’10
107%Jan’10
107
974
98
94
94
—
—
11141124
n
Feb’10
Sep’10
75% Apr’10
100
101
Sep ’19
1084 Sep ’lo
1084
101
103 4 101
Aug’10
103
105
101
J’ly'lo
112
112
904 904
113
95
100
72
90 4
764
LOO
....
89
86
79
1024
10841124
101
101
89%JMy’io
88
101
105
90
112
112
93 4
Sale
984
98
g
See D A H
Msy’10
112
112
Ply '97
984
99
974
y?4
114
yZ7«
974
1
6
97
95
100
984
96
974
See N Y Cent
See Pere Mara
Ul 1st g 4s... 1947 J-J
it LA Cairo See Mob A Ohio
it L A Iron Mount Bee M P
StLMfir Bee V RR A of S t L
St Louis A S F—3-eug 68.1931
{ General gold 5s
1931
l
St L A S F RR
‘
oons g
4s..’96
J
J
J
M-N
A-0
J-J
M-N
A-O
Gen 16-20 yr os .. ....1927
Southw Div 1st g 6s.. 1947
Refunding g 4s
1951
K C Ft S A M eon g 6s.. 1928
K C Ft S A M Ry ref g 4s 1936
KOAMRAB 1stgufis. 1929 A-O
Os'rk A Oh C 1st gu 5s g.1913 A-O
1
!
j
!
SttLB
LouisWSo1stBee
iUrnois
Cent
g4s
bdotfs.
1989 M-N
2d
g 4s mo bond
Consol gold, 4s
i
ctfs...j>1989 J-J
...1932 J-D
Gray’s PtTer 1st gug 6s 1947
■
J-0
89
117
106
904
J’ne’10
89
94
Apr’10
120
124
Sep ’10
105
1084
92
Aug’10
90
914
864 674 864
90
*7 4 71 84
99
1004 Apr’10
10041904
82
824 814
46 78u 85
S3
114
117
117
2 114
1174
784 Sale
73
784 93 764 824
109
1004 Dec '09
964 *98*
984Aug’lo
964 87
120
107
88
^
•••••a
914 Sale
914„ y2
80
79
76
95
77
60
88
79
72 4
Sep ’10
76
46
1014 Apr’07
764
••••••
934
82
794
>8 V A N P 1st sink r
g 58.1919
Bar FA West Sec Atl Coast L
Scioto ValAN K SeeN or AW
Seaboard A L g 4s stamped ’do
Coil tr refund g 5s
1911
Adjustment 6s
ol949
*
Ati-Birm 30-yrlsc g 4s.cl983
Car cent 1st con g 4s
1949
Fla Cen A Pen 1st g 5a. 1918
*'
1st land gr ext g 6s ...1930
Consol gold 6s
1943
Ga A Ala Ry 1st con 6801946
Ga Oar A No 1st gug 6s 1929
Saab A Boa 1st 6s
1926
•
J-J
J J
A-O
M-N
F-A
M-S
J-J
J-J
864 Sale
104
834
994100
.884
100
994
794
704
08 4 Sep’10
9l
Aug’10
108 Apr’10
1094
......
102
106
83 4
8
21
17
Maj’Vo
1044Mar’10
104 J’ly’10
1014
1024
19
Oct '09
884
70 4 Sals
84
109
100
100
864
864
984
814 864
99
1004
69 4 764
80
87
91
914
103
103
*1004
....
Apr’10
884
1004
104
1044
104
106
1044
106
Southern Paoiho Co-
Gold 4s (Cent Pao ooll).kl949
Registered
k 1949
20-year cony 4s
pl929
Cent Pao 1st ref gn g 4s 1949
J-D
J-D
M-S
F-A
Registered
1949 F-A
Mort guar gold 3 %s.. fcl929 J-D
Through St L 1st gu 4s *54 A-0
GHAb AM APlst5s..l93l M-N
8ila
R A
AN
W 1st
T 1st
;0USVG
gug
68.1924 |M-N
M-N
g 68.1933
1938 M-N
J-J
A-O
guar..1921 A-0
Waoo A N W divTst g 6s *80 M-N
A A N W 1st gu g6s....l941 J
Morgan's La A T 1st 7s. 1918 AO
1st gold 6s
1920 J
No of Oal guar g 6s
1938 A-O
Ore A Oallst guar g 6s. 1927 J
Bo Pao of Oal—6s E A F. 1912 A-O
„
1st gold 6s
1912
1st oon guar g 6s
1987
BPaoof N Mexlstg 6S..1911
So Pao Coast Istgu4sg.l937
TexAN OSabDiv 1st g 6s. 1912
Con gold 6s
1943
A-0
Deb6s8tamped
gold 6s.
g
Ser A
Tor Ham A Bud 1st g 4s. A1946
I J ister A Del 1st con g 6s 1928
U 1st refund g 4s.
1952
Un Pao RR A 1 gr g 4s ...1947
1947
Registered
20-yr
conv 4s
10*7
1st A ref 4s
yju08
Ore Ry A Nsv con g 48.1946
Ore Short Line Istg6s..l922
1st cousol g 6s
1946
Guar refund 4s
1929
Registered
1929
Utah A Nor gold 6s.. 1926
Uni N J RR A O Co SssPaBR
Utah Central Ess Rio Gr Wes
Utah A North Bee Un Paoiho
Utica A Black R Bee N YCent
A-0
M-N
J-J
J
M-8
J •J
924 Sale
914
90
90
984 Sale
97 4 Sale
974
974
904
94
894
92
21
974
74'
894
J’ne’lo
109
[122 4 Aug’08
110
116
A0«”06
112
Feb’07
......100 J’ne’lo
1014
104% J’ne’Ug
1014
1144 Dec’04
100
1074
'116
10041904101
84
98 I 90
May’07
Mar’lO
J’ly*09
'1917g M.sy’10
J102 Nov 09
192
199
95
90
86
924 1064
94 4 »74
Feh’10
97
97
87 4
894
94
914
1054 1»B4 109
1044 beP *09
1*0341964 105 4 May’09
106
104
1034 Aug’10
110 1104 110
110
1094 H94 l09%Nov’09
984 »6 l 92 Aug 10
116 122
1194 Mar’io
190
107 4 Jan 09
116
89
J’ly’io
984 ill
97
90
88
924
86
84
105
70
100
103
103
105
Sale
......
FeO’lO
lJ0*a Aug’10
103
112
106
104
108
110
981* Sale
108 **
b7S»
73
81
Sale
77
Sale
86*«
103*4 104*2
84
101^
111 *2 sai«.
Sale
94
•
•••••
F-A
1034 109
60-year 5s...... 1968
Wabash
1st6s...
gold 6s
2d gold
1939
1939
A-O
M-N
F-A
Debenture series B
1939 J-J
1st lien equip s fd g os.. 1921 M-8
1st lien 60 yr g term 48.1964 J - J
1st ref and ext g <4s ....1966 J-J
DetACh Ext 1st g 6s.. 1941; J * J
DesMoin Div 1stg4a..1939 J-J
Om Div 1st g 3%s
1941 A-O
Tol A Oh Div 1st g 4s... 1941 M-S
Wab Pitts Term 1st g 4s. 1964
Trust Co certfs
2d gold 4s
...1964
Trust Co certfs
Warren See Del Lao A West
ill** 113%
106*4 106*4
103
Oct’06
gold 4s
92
984
1194 1194
;y
[Moo** ioo*
106*4 Sep *09
107% Apr’10
Aug’10
98*4 -98*4
109
May’10
109
.'lol
101
_»•
10141024
107% 107%
109
96
115%
98*2
#3 109
109%
•••,
9
93
87
72
81
89
103
86
Si
99
Aug’10
lu3
97
91*4
97
9/
114%
111*4
106
112*2
99
104%
90%
J’ne‘10
J’uelo
Oct ’09
102%
70
94%
93%
92
87
70
80%
Aug 10
Sep ’10
io2
94
70
93
101*4
93%
108*2 112*2
87%
ioo
93
90
81
86%
91
105
09% 102
98% 101*2
116%
95
98%
94% 98%
423 101
1315
1U%
l! Il3% 11/
iilHt
6 108%
113%
94% 37 | 01
9i%
Jan ’09
107 ** Dec’09
.
98
Nov’08
...
96
Apr’10
...
96
96
105
105
110% 106 J’ly’io
94
95 I 94 £>ep ’10
108
no
'110
6! lb/
iuo% 171 93
99% 100%! 99%
lOO
86 J’ly’lO....! 86
09
100 J’ne’lu ....'100
108
98%
93%
113%
103%
86
102
85% 00 Mar'lo
vo
90
64% 3aie
64%
65%437' 56% 77%
106
106%
..'105 lu7%
J’ly’io
83
Ji
1
72
Deo’U9
74% Sep '10
83
83
6
38%
39
2j
39
38
2lt
5%
6
6%
6
Sep ’10 ....!
21*4
....
2
83
3332
4
4
77
90
62%
64
11%
12%
88%
82%
90%
86%
ll
73
68%
74%
1
1943
....
109% 110%
86% 92
? 101% 105
....
RR 1st oonsoi 4s
1949
20-year equip s f 6s ...1922
Wilkes A East See Erie
Wil A Sioux F Bee StP M A M
Wls Cent 60-yr 1st geu 4s 1949
23
....
46
6
Telegraph and ‘Telephone
Telep A Tel coll tr 4s 1929
Am
convertible is
l
....
•
imp gold 6s...1930
Mich State Telep 1st
N Y Telep 1st A gens
104
9*1** **9*f*
SupA DuldivA term 1st 4 s’3 6
M*
102
105*2 106%
Wheel Div 1st gold 5s.. 1928
1034 1064
10941104
107%
106*« May’lo
Income 5s
41943
West No Car Bee south Ry
Wheel’s ALE 1st g 5s...1926
Exten A
105
105*2 107%
Wash Cent See Nor Pao
Wash O A W Bee Southern
Wash Term! 1st gu 3 %s.. 1945
West Maryland 1st g4s... 1962
Gen A conv g 4s
1962
Trust Co certfs
WVa Cent A P Istg 6s 1911
West N Y A Pa 1st g 6S..1937
Gen
114*2*
Dec’09
Feb’10
97%
Vandalia
consol g 4s ....1956 J-J
CrusAPlstgu4%sl934
106
Deo’06
107a4 Deo’09
105*b J’ly 10
•••>••
103
114%
108 *2
.1
102 \ r>alt
97 ‘6 sale
06
115
116*2
110
109
106
114
110*4 111*2 110** 110*2
Mar’io
60>« 65
70
98
103
Sep *09
106*2 Nov’04
106
109*2 108
108
106
112
Sep’09
101*2
99
Aug’ 10
88’e
94*4 Mar’lu
93
106
Nov’u9
11334 Sep’10
114
Sep ’ ’0
115<\ Apr’06
82
Nov’08
106*4 Apr’10
106** May’10
75
Oct ’08
107
91
104
—
J-J
Feo’10
67
106
66
106=!,
86
F-A
J-J
A-O
J-D
A-0
J-J
J-J
A-0
F-A
J-D
J-D
A-O
J-J
J-J
J-J
M-S
J-D
F-A
J-J
J-D
J-D
J-J
J’ne’OO
70*2
103 Si 108
104
70*2
104
J-D
Mar
93** *93%
Sep ’It
J ’ue’06
109
110
1133<
M-N
F-A
A-O
2 106
110
1
80% 87
108
85
Pep *08
109
114
102
M-8
M-S
M-S
M-N
J-J
108
85
108
93
92
70
M-N
J
PliaS
93*4
96%
10734
103% 111%
May’09
76*2
76 167 73
81%
6
85
87
87
90%
86
107*2 111
M-8
A-O
A-O
1894-1944 F-A
Jmw
185
14
ys
91*8
107*4
7578 Salt
111
J-J
Since
January I
110
J-J
J-J
Range
or
tiign Ao
ass' Low
Sale
107 34 Sale
105’*
1927 A-0
M-N
M-N
1950
1917
Bio
95
......
1946 J - J
1915 J-J
Gen refund s t g «s
1953
St L M Bge Ter gu g 5s. 1930
Tex A N O See So Pao Co
Tex A Pao 1st gold 6s
2000
2d gold ino 6s
o2000
La Div B L 1st g 6s
1931
W Min WAN Wist gu6s ’JO
Tol A O 01st g 6s
1935
Western Div 1st g 6S...1935
General gold 6s
....1935
Kan A M 1st gu g 4s....
1990
Tol P A W 1st gold 4s. ...1917
Tol St LA W prUen g 3 %a.l925
Last sale
J -J
J-J
Rich A Meek 1st g 4s...1948
So Car A Ga 1st g 6s....1919
Virginia Mid ser C 6s. ..1916
series D 4-5s
1921
Series E 5s
1926
General 6s
1936
Guar stamped
1936
W O A W 1st oy gu 4s..1924
WestNC 1st con g 6s.. 1914
SAN Ala See LAN
Spokaue
Internal 1st g 5s 1955
'
1st cons
See Atl Coast L
Gen gold 4s int
J-J
J-J
Weekfe
Range
Sept 30
J-J
aiobABirpnorlieng5sl945 J-J
Mortgage gold 4s
Price
hridav
era
fherShrASo Bee MEAT
1st guar 6s red.
J-J
Ver Val lnd A W see Mo P
Virginia Mid See South Ry
Va A Southw’l 1st gu 6s.2003 J-J
Bee Nor Pao
ftP A S’x City SasOSt P M AO
• ▲A A Pass 1st gug 4s... 1943
lUSpOeaAU
St Louis div 1st g 4s.... 1961
Ala Cen R 1st g 6s
1918
Atl A Danv 1stg 4s.....1948
2d 4s
1948
Atl A Yad 1st g guar 4s. 1949
Col A Greeny 1st 6s
1916
E T Va A Ga Div g 5s.. 1930
Con 1st gold 5s
.1956
E Ten reor lien g 5s
1938
Ga Midland 1st 3s.
1946
Ga Pao Ry 1st g 6a
1922
Knox A Ohio 1st g 6s...1925
Coll tr 4s
96
884
Pacific
8ttPPaul
Mum
A Hui
A Man
Bee Nor
SesGtNor
atP A Nor Pao
Registered....
1994! J-J
Develop & gen 4s Ser A. 1956 A-0
Mob & Ohio coll trg 4s..1938 M-S
Mem Div 1stg44-5s...l996 J-J
60-year gold 4s
(Dag Tus A H
•Dt Jo A Gr
ioPac RR 1st ref 4s
1955 J-J
Southern—1st con g 5s....1994, J - J
f'er A Of Bt L 1st g 4 4s.. 1939
Rieli A Han Bee South Rv
Rich A Meek Bee Souther n
Rio Gr W eat See Hen A Rio Gr
Booh A Pitts SesBRAP
Borne Wat A Og Bee NY Cent
; Rutland
o
£t
N. Y. STOCK EXCHANGE
Wkkk Ending Sept 30
A 1st oon
1997
4s... 1951
Rensseiaer A Sar
97
110
BONDS
Range
0.0
*;.o
[VOL. LXXXXI.
•u
Rich A Dan con g 6s
Oh A W Al6a
1921
Flint A P M g 6s
1920
1st consol gold 5s
1939
Pt Huron Div 1st g 5s. 1939
IV Registered.
Jersey Cent coll
Sept 30
Week's
M-N
j-j
J-O
A-O
M-K
A-0
Bag Tus A H 1st gu g 4s. 1931 F-A
Phil B A W Acs Penn KB
Philippine Ry 1st 30-yr s 14s’37j J • J
Pitts Cm A St L See Penn Co
Pitts Cleve A Tol See B A O
Pitts Ft W A Oh See Penn Co
Pitts MoKees A Y See N Y Cen
Pitts Sli A L E 1st g 5s...1940 A-O
1st consol gold 5s
1943 J-J
Pitts A West SeeB AO
i L> eading Co gen g
4s
1997
:
Range or
Bid
4s....1981 AO
CIA Mar 1st gu g4%s..l935
Cl A P gen gng 4 %s ser A.’4‘2
.Series B....
..1942
.Series C 3%8
1948
Series D 3 %a
1950
Erie A Pitts gug 3 %a B. 1940
Series C
1940
GrBA lex 1st gug4%s 1941
Pitts Ft W A C 1st 7s...1912
2d7s
...1912
3d 7s....
A1912
Pitts YA Asli 1st eon 5s.l927
PCC A StLgu4%a A...1940
Senes B guar..
...1942
Series C guar
1942
Senes D 4s guar
1945
E
Denes
3Si guar g....l949
Series F 4s guar
1953
O St LAP 1st con g 5s. 1932
Pensadoia A Atl See L A Nash
Peo A East See COC<feStL
Peo A Pek Un 1st g 6s....1921
20 gold 4 Sis
51921
Pere Marquette—Kef 4s.. 1955
...
Price
tridav
Record—Concluded—Page 4
1936 M- S
5s.. 1924 F-A
f 4W39 M-N
PttcTelATeiist 6s
1937 J-J
West Union col tr cur 68.1938! J-J
Fd and real est g 4H»ft...l950 M-N
Conv 4x, Senes A
1936 M-N
91% Sale
103% sale
97
98
100
bale
97% Sale
99
100
96% 96
sale
102
90
102
95
91%
104
51
1136
104
99
77
67%
106% 105%
90
90
97%
93%
96
102
61'
1
99
95
94
89% 93
98
Aug’10 ....' 95
97%
98% 20 Lj 96%
97
99
L04
102
95
97
93
106%
99
99
99%
100
s
97%
100% 102%
102
BU8C£LliAM£OU8 BON Dai—Concluded.
Manufacturing Sc Industrial
Gen Kieotrio deb g 8%s..l942
10-yrg deb 5s...* .......1917
Int Paper co 1st con g 6s.l91b
Consol conv s f g 6s
1985
F-A
J-D
F-A
*
J-J
Lnt St Pump 1st a 1 6a....l929 M-S
ACkaw steel 1st g 6s....l923 A-0
ffat Knam A Stpg let 6S..1929 J-D
X X Air i>rake ist conv 6s ’28 M-N
ly Steel Spgs 1st s f 5S...1921 J-J
lepub 1A 61st A ooltr 6s. 1934 A-O
Union Bag A P 1st si 6S..1930 J-J
Stamped.
1 s Death Co
sf deb
g6s.. 1913
7 S Realty A1 conv deb g 5s ’24
J S Red A Ref 1st sfg 6s. 1931
J S Rubber 10-yr ooli tr 6s.’i8
SJ S Steel Corn—j coup .dl963
8110-60 yr os. %( reg
'09
..41963
wv
W -
*
L
—
80
188
82
140
*-N
Jan’10
140
100% Sale
84
92
100% 100%
85% 84%Sep*lb
Sal*
92
97
96
96
103
103% 105
97% 98% 97
102
104
104
91% 93
06
J-J
J-J
J-D
82
140
104% 105
87% sale
84
88
102% 103
M-N 104
Sale
M-N 103% Sal*
—o
’
92%
Sep’ib
Sep’10
103
88
twv
83
103
104
103%p
*WM
No price Friday; latest bid and asked this
week. 6 Due
82
147%
10 100 106
82% 89%
Si 92
96%
95% 100
94
97%
2
J’ly’ll
J’ne’lt
May* it
93 May’10
104% Aug'K
87%
83
i02%
103%
103%p.
82
6 130
*«•
-T-
21
7
42
iik
V
A
Feb-4
100
114%
96% 98%
103% 104
93
96%
93
96%
i04% 105
86% 94%
86
90*2
iOJ% 104*2
101% 105%
105%
tvs
101%
§ »wv
-f
Manufacturing Sc Industrial
ya-Oar Chem 1st 15-yr 5s 1923 J-D
Westinghouse E A Ms 15s ’31 J-J
100
Sale
91% sale
Miscviiaueous
1948
lstieaiest4 %s’3u
Bush Terminal 1st 4s. ,...1952
Consol 6s.................1955
Clue Jo A -tt Yard col g 6s. 1915
uet M A M id gr incomes.. 1911
lustit for Irrig Wxs .4%s 1943
int Mercan Marine 4%s..l922
Adams Excel tc gis
Armour ACe
M-S
J-D
A-0
J-J
J-J
A-O
M-N
A-O
int Navigation lstsf 6s.l92t F-A
Newp Ne Ship A D D 5s 41990 J-J
N Y Dock 60-yr 1st g 4s.. 1951 F-A
Providenoe seo deb 4s.... 1967 A. N
Provident Loan Soc 4*as.l921 M-8
s Yuba Wat Co con g 6s..192b J-J
Wash
1st 6s.. aarw
1939 V
^
J-J
* V
WO** Water Pow
Due Apr e Due May gDne j’ne K Due J’ly
91%
98
91%
Sals
99%
90%
100%
77
96% 100
91%
39
85
93
91%
91%
1
92
93%
94%
92%
88
97
95% 105
35
40
«6%
65 % Sal*
79
81
95
90s
83% 86%
......
93
100
35
96
65%
78
95
93% 144
Aug’lo
J’ue’ll
Sep 10
(V*
100
96
98
73
66
76
71%
40
88
Dec’09
91%J’ly’ 0
90%
90
90
90
Sep ’lo
95
J’ly’09
112
J’ly’04
i03
101
108
Aug* aV|S>SSf
10
_
• •
89
98
S
•••
•
87 %
96
100
35
May’It
Aug’10
96
66
90%
T1I -
IVW
kDae Aug oDue Oct p Due Nov sOpUon Sail
CHICAGO STOCK EXCHANGE-Stock
STOCKS —HIGHEST AND LOWEST SALE PRICES
Sates
STOCKS
of the
Tuesday
Sept 27
Monday
Saturday
Sept 24
Sept 26
Wednesday
Thursday
Sept 28
Sept 29
“
Week
Shares
Friday
Sept 30
♦Da
64
15*8
1512
4%
*23
*70
*17
*60*4
*16
.
*57
912
*47
180
2l2
*6
64
*7
*4
*
180
*6
*60
16
*7
*4
641?
6U2
15l2
16
8
*7
414
41*
41*
412
412
4%
20
73
20
62
20
60
58
*23
*70
*17
26
73
20
62
20
60
58
*6014
*16
♦57
91?
9l2
50
4*2
*4*4
*60*4
62
20
60
61
16
8
23
73
20
62
20
60
59
10
50
*60*4
*16
♦
.
*58
9*?
*9*2
50
♦47
Sale 185
Mch’10
Sale 1*2
July’10
Sale. 4
July'10
61
61*2
01*‘
Last
Last
Last
*60
15*2
4*4
4*2
*20
*70
*17
58
h
*47
50
4*4
23
73
20
•
60*8
16
*7
*4
*20
*70
*17
2*2
*6
65
16
8
*16
*_
58
155
*1*2
....
*4*4
91*
*47
*__
2*2
*1*2
*0
8
155
*
2l2
*U2
15*2
15*8
m m gr
ii3
Range for Year 1910
(1909)
Lowest
\
~
Chicago City Ry_.
100
Chicago A Oak Park..100
185
Do
pret .—.....100
Chlo Rys part ctf **1*’—.
4
75 Kans
5
Do
--r--r
Highest
Lowest
•
Highest
Railroads
Mch 7
«
City Ry A Lt-.lOO
pref
100
Metropol W S Kiev—100
....
Do
pref..
....100
20 Northwestern Elev—_10o
Do
pref
IOO
73 South Side Elevated..100
95 Streets W Stable C L.100
Do
pref..
-100
----
Mch 7
180
3*2 Jan 26
7*2 Jan ?
5
185
1*2 J’ly 28
J’ly 28
603g Sep 28
11*4 Sep 13
616 Chic Rys part ctf * 2"...
Chic Rys part ctf “3"...
25 Chic Rys part ctf "4''...
236 Chicago Subway
100
15*2
Last Sale 9
July’10
*4
6
*4
5
A
4*4
4l2
4*4
*20
23
23
23
*70
73
71*4
71*4
Last Sale 19
Sept’10
Last Sale 60
Sept’10
*16
20
20
20
Last Sale 65
June’10
*58
59
*58
60
*9
9
9
9*2
Last Sale 49
Sept* 10
Range for Previous Year
CHICAGO STOCK
EXCHANGE
—
*.„,
Record-Daily, Weekly and Yearly
109
36
10
Jan 3
Jan l
Jan ll
9*« Jan 0
May2e
May24
2*8 J ne2i
8
3
25
72
23
66
55*4 J'ly 1
7
J’ly 28
40
J’ly it
104
39
39
Jan
Jan
119*2 J’ly
4534 Jan
Dec
30
8. Dec
Dec
Dec
15*8 Sep
.47
Jan
-17
Nov
J’ne 2J
.
J’ne 21
J ne24
J'neil
7212 J ne2i
543g Jan l
59
Deo !
25
May
73
May
61
May
54*- Deo
103
Deo
.
63
60
Jan
Jan
29*4 Apr
t
Feb
97
‘
67
*243
8*8
8*8
6734
67
250*8 *243
♦
131
*7312 74
*108
109
*
*73i2
*108
8*8
8*8
8*8
8*8
8*8
*67*4 6734
67*4 *0712 68
250*8 *243 250*8 *243 250*8
131
74
109
137«4 137*4 *13812 139
*32
*62i2
*48
*1
*2
35
64
50
*32
*6212
*48
*1
*2
3
35Y 36
*119 ® 120
36l2
♦119
*145
145*2 *145
111*4 111*4 *111
13*8
1378
87
87
62
61*4
*5914
*9714
*
*112
*120
*125
*118
86*4
6U*
60
60
99*4
21
114
121
126
11912
♦97U
*
*112
*120
*125
♦118
107*2 1071?
155
35
64
50
1*8
3
37
120
*
75
*32
*48
*1
*2
37
*117
59*4
99*4
99*2
9
145
112
84*2
62
62
125
16
21
*125
*118
107
119*2
107
107
126
107
103
*85S
16
*---.
82*4
61*4
30 Amer Shipbuilding
100
Do
25
pref.—
l
100
65 Amer Telep A Teleg
Booth (A) A Co__ __ioo
Do
pref
100
25 Booth Fisheries com....
Do pref
Cal A Chic Canal A D.100
Chic Brew'g A Malt’g....
Do pref
180 Chic Pneumatic Tool. 100
76
110
138
June’09
June’09
'
35
35
64
47
1
3
Sept’10
Aug’10
Apr’10
Sept’10
*38
37
120
Sept’10
Feb’08
2*4
*144
112
175
177
Last Sale
292
60
949
-686
101*2
172
17z
103*4
834
834
130
295
100
87
215
11
16
Do
Price
Week’s
est
Friday
Period
Sept. 30
Bid
_
r
J
A
F
J
J
-
A
D
O
-
A
-
-
87fc
Apr’09
-
.
-
F
-
-
N
-
i.
•
June’10
—
rt
J
-
-
*1
J
.
.
.
.
.
...
-
....
1916
4.40s
4.60s Series E
4.80s Series F
Peo Gas L A C 1st 6s.1943
....
Refunding
g 5s....1947
J
■vt
-
L
-
b
75
76
93*8
98
.
...
t97*4 Sale
^
102
101*8
....
....
....
Sale
Sale
.
.
..
1100*4 Sale
....
82 1a
1 5
..
95*?
musi
85*2
t6*2
88
Western
Range
for
Year 1910
....
.
.
Calumet
66*2 Aug’Ob
60*2 July’08
102
102ifi
10U*4
101*j106*4 Aug’16
106*4
100*4
Stone
10
May’05
Sain
79
Sale
9278
98*2
-TTWT
97*2
161
10112
....
_
ion*
92
100*8
■»e
75
65
821*
82*4
78
78
893s
9434
95
99
Apr’10
9i*4
927g
100*8 Mch'09
96*2 Mch’10
89*8
97
14
.
.
.
.
...
1013s 103*4
...
p
.
.•
....
114
NOV'04
70
Apr’10
.
.
.
.
110
Mavl7
142
Aug 26
J’ly 27
Jan 2L
J’ly 9
Apr V
Sep 30
J'ly 26
431* Mch
86
J’nd
225*4 Oct
Jan <
Feb 17
Feb 4
Sep 23
74
55
1
3
4/
137
Feb ll
Jan 3
163
Menlo
112
145
1
Noy
.r«i
I4 Mav
6
Jan
May
J'ne
40
Deo
20
22*4 Jan
8
Feb 28
82
J27
91
46
Feb
103
Feb 10
J’ly 26
148
Feb
Feb
A lU?
130*4 Aug
88*2 Deo
47
S?p
Oct
121*2 J’ly
Jan
155
j’ly 27
6
J’ne22
J’ly it.
Nov
21
97>8 Jan
118*4 Feb
130
Sep 30
82
110
Meujc
102
i
jan
Mch 14
loy^g Jan 8
186
Feb A
9
May2fc
Jan
122
5*4 Apr 28
j’ne
Sep
Noy
124
1197ft Aug
1
Mch
100t2 Jan
119
102
Deo
105
Deo
Jan
Jan
0
1538 Jan
3
98*2 Jan
op Feb
334 Mch
-2-7? Apr
l
15
■
108*2 Deo
169*2 Dee
121*4 Oct
114*4 Aug
101
••
16ft Mch
9*2 Jan
Feb
25
Mch
....
4
16
....
.
.
..
1
2
..
....
8734
8414
96
88
75
1013s
95*j»
86
91
9012
i7*4 101*8
97*4 98
100*8 10034
2
107
....
4
—
10038 103*4
100*4 1027r
100*4 IOOI4
100
100*2
mm'mm
-irr- -
..
—
100
102314
..
9434
94*4
....
75
10
1
2
13
80
76
88
9334
99
2
92*2
85
84
80
93*4
90*4
99
9614
....
....
96*2
97
98*2
96*2
97
98*2
....
6
10034 103U
103
1041ft
100*4 1021?
101*2 101*2
8
1
9134
100
88
70"
65
94
1007ft
88
...
70
65
Surplus
ing
and
Stock
t
Prefits
In
In
T
1908
1909
0
10
6
An
Dec
10
J-J
12
6
iuly TO. «f
Oct ’10,-2**
12
9
Q-J Oct TO, 4
Q-J July TO, H*
Q-J Oct TO 21*
_
200,006
1.000.000
1,250,006
300,00.
2,000,0011,500,006
250,006
200, OOt,
50,006
200,(106
People’s Stk Yds State.
....
—
Outst&nd
'
cPrairie National..
Prairie State
Ra’lway
Security
Exchange....
South Chicago Savings.
South Side State
State Bank ot Chicago..
Stock Yards Savings
Union Bank of Chicago.
Wendell state...
.Central Trust Co of III..
Chicago Say Bk & Tr
Chicago Title & Trust..
Citizens Trust & Savings
Colonla1 Trust & Savings
Cont & Comm Tr & Sav
Drovers'
irust&Savlngs
Farwell Trust Co.
First Trust & Savings..
Guarantee Trust & Sav.
Harris Trust & Savings.
Illinois Trust & Savings
Kenwood Trust 4s Savgs
Lake View Trust&Savgs
Merchants' Loan&Tr Co
Metropolitan Trust&Sav
22,126
399,499
30,85
200^006
1,500,0a
2,600,(XX;
200,0a
1,250,(KX)
s.oa.ooo
200.au
2a,oa
3,ao,oou
750.au
Northern Trust Co
l.sa.oa
Nortn- Western Tr&Sav
2a,oa
Pullman Trust 4s Savgs.
6a,oa
Sheridan Tr 4s Sav Bank
2a,oa
wStandard Tr A Sav..... 1,0a,oa
Stockmen's t rust A Sav
2a.ooo
Union Trust Co....... i,2a,oa
© West’n Trust A Savings ni.oa.oa
West Side TrASavBank
2a.au
Woodlawn Tr&SavBam
2a.au
.%
950,43149,88
u
3. M
490.626 10+2
4
65,108
8
1,214,618
3
404,524
83.004
68,/6b
26,2o9
18.498
^
,
10
Q-f Aug, *10,1
Q-J Oct TO, 2
Q-J Sep30 10, lfg
Q-J Oct TO, 1*2
5H Q-J Oct TO,
6
Q-J Oct TO, llg
Q-J Oci. TO, i
Q-J Oct TO/ 2
4
8
6
3
’
2h
0
„
62,310
80,077
8
2
23,268
186,033
y’l. V.9J, p.1277
Q-M Sep 30*10 21g
6
1«I
Q-M
None
1H Q-J
0
6
Q-J
Beg. b us Sep t ’09
11
12
Q-J
7
8
Q-M
11,065
1,742,907
180,241
47,89b
0,576
872,807
116,352
?1,543,80;
7,188
454,136
427,80b
6
6
7
1h
6
4
8+2
115;219
6
M-N
None
7
Q-M
6
6
4
8+2
7h
8
3
183,92b
3,113,260
16
Q-J
Q-J
Q-J
A-O
Q-J
30*101*2
*08,2
TO.llg
TO, 2
V. 89, p. 81?
Oct TO, 3
Sep30’10,2
day TO, 3
Dec31’08,l*2
Oct TO, 2
Oct VT0, 1*2
Oct. TO, 2
Aor9, TO, 3
Oct
10, 2*2
me
jan
Oct
Oct
Q-J Oct TO. 2
Q-J Oct. tTO, 1*2
Q-M S6P30TO, 4
14,019 Incorp orated 1908 v .87.p.1138
6
1,456,828
9H Q-J OCt * 10, 3
8,444,429 16+4 16+4
Aug TO. 1
/
6
0 k QJ Oct
53.526
TO, 1*4
6
43,365
4h
Q-J Oct TO, Hg
Oct
12
12
5,840.079
Q-J
TO, 3
6
6
221,455
Q-J Sep 30 10,1*2
8
8
Q-J OCt TO. a
2,327,738
6
6
J-J
64.49)
iuly TO, 3
8
8
224,584
Q-J iuly TO, 1
*23,01:, Beg b ua J’ly 12 0 9 V 89 ,p 141
250,oa Comm enced bus. Sept 6 1910
5
5
J-J
32,754
miy TO, 3
8
1,190,526
*8+2 Q-M Sep 30* 10,2
6
6
132.692
Q-J Oct TO, l!g
107,652
Sep 30'10,2
6
6
53,442
Q-j July TO,*
,
.
.
.
prices.
1
-
•09,8
6
Q-J Oct TO, 11§
12s
Q-M Sep 30*10,3*
10
Q-M jne 30*10,21*
Priv ate Ba nk
8
8
Q-J Oct TO, 2
8
8
Q-J Oct TO, 2
10
J-J July TO. 6
10
251,686 Beg.
87,ao
6,000,0a
50,oa
600,006
3,000,000
10
9H
192,377
525,3/2
383,692
200,006
200,001.1
2,000,006
©500,006
iod.
6
12
10
10,8361569
105,I2v
250,006
200,006
50,006
"
5,437,074
Last Paid
Per¬
9,622,319
300,000
250,006
500,006
250,006
300,006
1,500,006
Dividend Record
843,541
•224,197
\
'
t
■
•
•
*
Bid and asked prices; no sales were made on this day.
f Sept. 1 (close of business) for national banks and Sept. 2 (opening ot business) for State Institution*;
a Due Dec. 31.
b Due June,
k Also 20% In stock,
n Capital and surplus to be increased. . a Dividends are paid Q-J.1
with extra payments Q-F. s In addition the equivalent of 4% more came from First Trust &
Savings Bank, t July 311910. v In addition the equivalent of 1% came,
from First Trust A Savings Bank.
v Prairie Nat. Bank and Western Trust A Say. Bank to be merged and capital of latter to be Increased to 31,250,000; V. Ul, p.8141
to See V. 91, P, 72. 17.
zJuly 11910.
t No prloe Friday; latest price this week,
•
119*4 Sep •
Jan
Jan
Jan
166*2 Apr 14 "65
106
!
..
12 Fell
116*2 Aug 8
101
Sep 16
101
152
Jan 7
Jan l:
ilu34 Jan
,
•
20
7
Sep
7l)ii Mr>h
Jan
112
Deo
"17*8
Jan
104
42
140
Jan
Jan
38
43
1J8
Apr
Apr
2*2 Noy
•
117
107
117
115
125
126
121
24
76i« Dec
£8
1
Mch
Jan
Mch 28
Jan 7
Aug 3
J’ly w
Sep
127
6
.an
60"j May2t
1023.] Apr 20
101
8l*« Deo
Jan 13
2
Jly
132
51*4 Jan
1 Apr
2*8 Apr
121*2 Jan 11
l
Jan
64*8 Apr
101
Feb
139
Aur
1? J ne
10
■48
1
Mchl?
J’ne 2)
40
93
...
..
65 June’10
85*2 July us
added to all Chicago b ond
*
National
K as par State Bank....
La Salle St National
Live Stock Exch’ge Nat
Monroe National
Nat Bank of Republic..
National City.........
National Produce
North Avenue State...
North Side State Sav^
North West State
....
Feo’lo
98*2 Mch’10
121*4 May’09
101
101*2
103 July’lo
100*4 Sep* 10
101*2 Sep’10
yi34
92
100*8 100*fi
88
Apr'l-/
Sep 23
25*2 J’ly 26
$100, UOu
500,00*.
Contl’tal & Comm Nat 20,000,000
Corn Exchange National 3,000.006
Drexel State..........
200,006
Drovers* Dep National.
600,000
200,006
Englewood state
first National.
10.000,006
First Nat Englewood...
150,006
Foreman Bros B k’g Co.
1,000,006
Fort Dearborn National
1,500,006
Hibernian B’k’g Ass’n.. 1,500,000
....
94*4 July'10
Sep’10
3934 Jan
100
__
Dec *08
Mch’09
J’ne 6
J’ne t
Aug l]
Feb 4
Chicago City...
....
76l2 Sep’10
yoi2 *ucn lo
97 *4
97*4
97*4
17*4
100*8 Apr l )
l
NAME
....
85'£
96/8
Tne’lu
90
mmmm
95
96
Feb'00
75
■
>nterest
87
75
’
—
....
75
X89*g Sale
95
•
94*2 Dec’09
80
95
Chic Gas LAC 1st 5sl937
j
Oonsura Gas 1st 5s. 1936
D
Mut'l Fuel Gas Ist5sl947
N
South Side Elev 4HS.1924
J
91
Swift A Co 1st g 5s...1914
J tioo
Union El (Loop) 5s..1945
t
Union Pacific eonv 4s.1911 n-N
United Box Board ool 6s 26
57
General mtge 0s
J - J
57
Western Stone Co 5s.. 1909 A
C
Not» —Accrued
...»
102*2
Apr’04
Apr’09
9634 Jan'Jj
100*>8 AOg’U'j
100*8 Aug’10
....
N
O
v
....
....
M-N
At A M •
j J MJ J A -
....
8512
96's Sale
-
Pearsons-Taft 5s
May'07
102*4
....
88
b
-1
Ogden Gas 5s_......1945 A-n
J'ne'i))
103
50
....
....
....
-
11 -N
Knick'b'ker Ice 1st 5s 1920 A - C
Lake St El—-1st 5s
1928 J
J
Income 5s
192.
Feb
Metr W Side El—
1st 4s
..1938 F - A
Extension g 4s___.1938 J - J
Morris & Co. 4 H
193U J - j
North West El 1st 4s.l911 M- i
No W G-L A Coke Co 5s'28 Q - to
B’ds
Sold
■
-
-
100
102*2 Sale
....
L
is
J
O
»l- b
A
....
71*4 Jan
Jac
Chicago Banks and Trust Companies
101*4 Oct'09
....
At
M
I
102
...
S
F
•
-
....
....
....
L
A
0
F
A
J
....
A
J
0
J
A
L
D
A
A
A
-
....
Jan ll
....
High No. Low
High
yj34 Mea l 1
99*4 9934
’5
9212
92*2
9034 94*2
*92*2 Sale
•
J
-D
F J
J F A M-
A
J
P
....
15*4 Noy
200
126
14i'i8 Mch
3
53
rights.
Do
83
pref....
100
900 Unit Box Bd A P Co.100
Do pref
100
Ask Low
'
AmerStrawb'd 1st 6s.l911
Armour A Co 4)43
1939
Aurora Elgin AChic 5.194]
Cal & So Cbic Ry Co
1st M as
..192?
Cass Av A F G (St U 5s T2
Chic Board of Trade 4sl927
Chicago City Ry 5s
1927
Chic Consol Br A Mlt 6s.
Chic Consoi Trac 4 4s 1939
Chic Auditorium Ist5sl929
Chlo Dock Co 1st 4s.. 1929
Ohio Jo RR 1st M g 5s. 1945
Ohio No Shore Elec 6S.1912
Ohio Pne l’ool 1st 5s.a 1921
Chic Ry 5s..
1927
Chic Rys 4-5s series **A’
Chlo Rys 4-5s series “B*
Chic Rys 4-5s series “O’
Chic Rys coll 6s_..19t3
Chic Rys Fund 6s..1913
Chic Rys Tem Ctfs 1st 5s
Chlo R I A P RR 4S..2003
Collat trust g 5s
191..
Chic Telephone 5s.... 1923
Commonw- Edison 5s.1943
Chic Edison deb 6s.1913
1st g 5s....July 1926
Debenture 5s..192u
Commonw Elect 5sbl943
Illinois Tunnel 5s__1928
Kan City Ry A Light
Co 5s
1913
Range or
Last Sale
112
778 Jan
rights^
BONDS
Inter¬
31
56
47
Do
Chicago Bond Record
CHICAGO STOCK
EXCHANGE
Week ending Sept. 30
/
u
-
442 Sears-Roebuck com.. 100
Do
16
pref
100
552 Swift A Co__
....100
Fhe
448
Quaker Oats Co..100
103
878
Last Sale 734
Last Sale 15
Jan
160*8 Sep 22
136 Apr 4
84*2 May 10
Apr 26
1l6 J’ly 19
72
Feb 7
107
Aug 6
131*4 J’ly 30
108*2
D4
13*2
79*4
82i2
770 People's Gas LACoke. 100
June’10
103
100
Commonw'th- Edison .100
Do
rights
Corn Proa Ref Co coin
Do
no
pref
Diamond Match—...ldo
llUnols Brick
100
Masonic Temnie
McCrum-D 0 well Co.. 100
Do
pref
Milw A Chic Brewing....
Do pref
National Biscuit
100
Do
pref
100
National Carbon
100
Do
pref
100
_
123
10U8
634
82
62*2 J’ly 21
10 Ohio Title A Trust
*11S
1.0
119
119
107
107*2 1073s 1Q778
Last Sale 11-16 Mch’09
157
158
*157
158
♦118
119
*117
m*2
101*8 101*2
135$ Jan 11
240
Chicago Telephone-..100
Do
rights..
146
112
125*2
6** J'ne3(
_
Last
*59
60
*59
60
♦95
100
99*4
99*4
Last Sale 2*8
June’07
Last Sale 30
Nov'09
110
1095g 1095s ♦109
*120
121
120 2 120-;
....
*...
*8
*4
•
*1
.
510 American Can.....
100
Do
375
100
pref
American Radiator..100
Do
pref
100
Feb’10
13s
1578
1578
79*4 Apr’ 10
85
82*2 ‘84l2
6134
61*2
61*4
Sale 45
Aug'10
103
103
9
....
*74
*108
138
125*2 125*2
119*2
157*4 *156*2 158
118*2 118*2 118*2
101*8 101*8 1013s
168
170*2 175
104
103*4 IO3I4 *103
8*4
8*4
87S
834
*-.--
59*?
99*2
*
125
119*2 *118
76
110
140
Last Sale
Last Sale
*32
35
Last Sale
Last Sale
Last Sale
Last Sale
37
37
Last Sale
Last Sale
*145
146
112
112
Last Sale
*15
16
Last Sale
865s
62*8
59*2
99*2
m
16
112*4
86*4
21
155
....
145
*110*2 11U2 *110*2 111*2
1207* 121
120*2 121
10712 1071*
103
9
*36*2
59*4
99*4
*
1*8
3
37
119
*118
112
60
8I4
8*4
*67
68
68*4
68 v
Last Sale 250*8 Sept’10
Last Sale 126
July’10
8*8
*75
35
64
50
*48
*1
*2
1451?
86*4
61*2
8678
617g
*32
*62*2
1*8
112
112
8*«
108*2 *109
*137*2 138 *139
3
37
118
15512 15512 157
*117*2 118l2 *11712 118l2 ♦117*2
IOUi
IOII4 IOH4
IOII4 101*4
*157
164
*157
164
16212
103
*73*2
35
64
50
*62*4
131
75
*108
108*2 109
*138*2 139
145*? *145
21
114
121
126
*
131
75
‘
Miscellaneous
.
8*8
oaa
13*2 Jan
29*4 Jan
52
J’ly |
8012 May;
19*2 Deo 1
3*4 Dec
3o
78
773) Mch 30
Jan
Feb
4
15
10*2 Dec
i
.an
190
Oct
97/g Dec
6i4 Aug It
20
Aug u
69 • Feb 17
Jan D
16
51
Feb 7
15
Apr 1
63
May3i
Mch
i*i Oct
BOSTON STOCK EXCHANGE—Stock Record, Daily, Weekly and Yearly
STOCKS
Sales
the
Week
Shares
SHARE PRICES—NOT PER CENTUM PRICES
Saturday
Sept- 24.
*981* 98*4
*100% 101%
*219
128
*207
*183
...
128
...
*-... 288
*141*
*70
161*
72
*35
...
*142
...
*.... 110
Mandat/
Sept. 26.
Tv sdag
Sept. 27.
218
128
219
218
128
12812]
*20712
133
133
*..._ 288
*131*
151*
*71
72
*35
*142
*....
...
...
110
*
1812]
18*4
18*4
81
82
152l2 152*2 152*2 153
*182
*27
*103
182
*27
*103
*99l2
*1653S 165%
*9Q% 917»
....
841*
84%
*101
16
*115*4 11612
*11512 11612
13714 13734
*2714 28%
93*4 9334
*9
*19l2
*41*
*143
10
20l2
6
150
8*4
8*4
2571*
143*2 14412
8334 837*
257
92
220
*5*4
•1061*
*--..
...
...
*99*2
...
166
16712
*917*
927*
“83~
84
92
220
67*
....
109
4334
*47s
5*4
16
117
116
13734 1387g
28*2 28*2
9o33 93r
*9*2 10
20
20
*412
143
6
143
87*
*257
145
8'
...
145
S3**
*9H2
*218
8334
92
*125" III
113
....
130
96
160*2 161
*12
....
IOII4 10U2 1013* 101*2
193
571*
28
30
29
194
59
28
67*4 67*8
*11534 H6I4
15*4 16
*83
6*4
10
♦42
261*
85
30
*....
193
58
*16
6*4
107*
6*4
10*2
*4H4
615*
6H4
267*
2634
*9
1334
*578
18*2
20*4
6*2
31Z
33l2
*912
35
.35
19%
4%
47%
1978
5*4
11
25%
8%
26*4
8%
5
*.25
5
,50
*7%
11
59
*5
39
101
44
10434
*47*
5
*15*2 16
28
28
9314
9334
*9
10
*19*2
*4l2
20
6
143
*8*2
257
145
8312
1%
10
1%
49
8
11
59
6
49
*3%
22*2
23
3%
3*2
7%
114
1%
*
16
116
117
115*2 116
13734 138*4
143
*412
*145
87g,
257
145
878
257
145
83*4
83*?
92
*218
108
108
*12912 130
*92
161
*12
101
*30
193
58
28
68
116
16
*83
5
IOI4
*4U2
61*2
27*2
65*4
4
*6%
*10*2
6*4
33
33
6*2
*19%
♦106
21
37
20*4
6%
3*2
32*2
10
*92
29
193
58*4
28
68*4
116%
16%
85
*
.40
192*2 195
58
58%
*2712 28
67*4 68
116*2 11634
16*2 18
84
61*4
27*4
26*2
9
6*2
23%
*8%
5
.30
11
58
5*2
1*2
10
1%
49%
7%
11%
60
5* *>
40
41%
38%
40
49
49%
3*4
3*8
22%
*2*2
7
*115
*1%
c ^
*1%
23
3%
7
118
1%
*1%
49
8
11
*58
6*4
152*2
16734
*91*4
Last Sale 163
83*2
101*4 101*4
83*2
*43
44*4
16734
92*4
June'10
83*2
8312
101
101
44
44
101%
478
1578
114%
113
138
*28
114
105
116
113
139% £137*2
29
*27*2
93*2 93*2
94*4
138%
28*4
94*2
'
6%
20*4
6*2
3%
20*2
6%
35
10
33
8%
5
.30
1%
9*4
2
49
8
11
60
5*4
49
*3%
*22%
23
40*4
3%
45*2
3*4
7*2
117
1%
89
Miscellaneous
235 Amer Agricul Chem..l00
Do
425
pref
.100
210 Amer Pneu Service... 50
Do
593
pref
50
2,213 Amer Sugar Refln
100
Do
269
pref
100
AmerTelep & Tel eg.. 100
16 American Wooten....100
Do
310
pref
100'
9 Atl Gulf & W I S S L-100
Do
85
pref
100
Boston Land
10
4,697
‘“3(L Ouinb Telep
3501 East Boston
J netu
J’ne 16
J’ly^l
Meh.j
Aug 29
Sep 16
3
Jaa
83
201
20
88
162*s
May
99-
*6
1034
*41*2
62%1 62*4
27*2
27%
42
16*2
6
Last
*13*2
5%
I884
57%
6%
1134
6*4
11*4
42
42
6*4
6*4
3*2
*9*2
7*2
*.35
*.40
*19
4%
*46*2
19%
4%
11
26
8
14*4
20*4
6%
3%
33%
10%
8*4
2
14
20%
6%
*3*2
6*4
Con...... 25
12V 5,320 Algomah Mining
....26
76 Ailouez..
25
62%
627g
64V 8,063 Amalgamated Copper 100
Am
28
Zinc Lead & Sm
£273s
25j
8.833
Sale 40
Anaconda
Aug*l61
25
16%
16%
16% ll915 Arizona Commercial- 25
6
25
40 Atl&ntlo
*5*2
61*
Sale .60
Bonanza Dev'CoII— 10
Sep’10
Bos
14
1334
i<
ACorbCop dsSBMg
5
Butte-Balaklava Cop. 10
5%
5*z
l
Butte Coalition
18
11
15
18*4
Calumet A Arizona.. 10
58%
58%
6(
...
42
...
678
33*2
6*2
19*8
2*8
19%
4%
11%
*46
19%
4%
7%
7%
Sep’10
19%
4*4
48
19%
4*4
11%
26%
11
26
26*2
8
8
8
5
5%
5%
5*8
.30
.30 *.25
.50
37
37% 37*2 *38
125
125
*122
125
*12*2 13
*12% 13%
73
73
*70
72
*18%
*1%
9%
*1%
*48%
18*2
1%
9*4
8
*11
*58
8%
11%
5*2
39%
39*2
48%
*3*4
22%
2
49
60
5%
40%
39*2
18%
1%
9%
*1%
48%
7%
18%
11
58
5
40
11*8
1%
9%
2
49
8
58
5
39%
40%
39%
49
49
49
3*2
22*4
*3*s
22%
3%
22%
45
45
2*o
3
2*2
*2*2
*2%
7
7
*7
8
*7%
115
115
*112
114
*112
U*
1%
*1%
1%
1%
....
os caked iu lyjj.
T
Franklin
25
......
1,141 Greene Cananea— 20
300 Hancock Consolidated 25
Copper..... 25
2,875 Indiana Mining
25
Isle
1,430
Royaie Copper.. 25
4
7*2
"243
269 Helvetia
20%
6%
10
*19%
*4%
6*2]
*6*4
14
33%
Centennial
25
Cons Mercur Gold....
1
336 Copper Range Con Go 100
810 Daly-West.......... 20
805 East Butte Cop Min.. 10
Elm River..
12
33
20
*9*2
Calumet A Heda— 25
6% 3,335 Giroux Consolidated. 5
278 Granby Consolidated. 100
634
33
.40
Last Sale .40
.45 *.40
.45
4*4
47%
.....
.......
33
7*2
Mining
,
167 Adventure
Mch IS
May lo
tiio aau a^xea pneed,
817 Kerr Lake..—......
5
105 Keweenaw Copper... 25
7.392 Lake Copper Co..... 25
35 La Salle Copper..... 25
935 dass Consol
25
"i00
Mayflower
......
25
Mexioo Cons M A S— 10
455 Miami Copper.......
5
65 Michigan ........... 25
62 Mohawk..,..
25
5
2.375 Nevada Consolidated.
310 New Arcadian Copper 25
1.910 Niplsslng Mines
5
6,963 North Butte........ 15
2,065 North Lake......... 25
290
400
215
151
262
97
595
380
844
675
1,543
280
395
470
236
OJIbway Mining..... 25
Old Colony..
25
Old Dominion Co.... 25
25
Osceola
—.
Farrot Silver
A
Cop. 10
Quincy
25
Ray Consol Copper.. 10
Sauta Fe Gold A Cop. 10
....
Shannon
10
South Utah MAS...
5
Superior..
25
Superior A Boston Min 10
Superior&PItts Copp. 10
Tamarack
25
.......
...
Trinity
25
12,015 UmtedStatesCoalAOll 25
3,483 U S Smelt Ref A Min. 50
616
Do
50
pref
820 IJtah-Apex Mining...
5
335 Utah Consolidated
t
10 Utah Copper Co
11
100 Victoria
25
-175 Winona
2 .
11 Wolverine
25
J'ly 13
Sep 21
J’ly 13
65% JTy 12
19% J’ly 2tT
36
J’ly 13
12% May 4
10
31
5
J’neaO)
Mch 91
May
5% Sep 29
15% J’0030
44% JTy 12
4
Feb 17
e
uaa't paid,
7
5
5
0
McniiJ
220*2 Feb 2u
6*4 May ill
Jan 3
Jan a
10
34*4 Jan 3|
31
May 6
200 Sep i0
“7l% Apr 18
31
Jan
4.
90% Jan
o'
125% Jan
t,
94
Jau
10
Feb
ij
14% Sep 16
68
Feb
90*4
40*2
63*4
50%
12%
Jan 3
Jan 3
Jan 3
Jan 81
Jan 14
30
Mch2t
tv
24% Jan 18
18*4 Mayto
28% Jan 3
J’ly 18
13% May 3
Sep 1
JTy 7
28*2 J'ly 15
9
JTy 23
4*2 Men 8
.40
Aug 30
.30 JTy 19
17
j'ly 18
»78 J’ly 12
43
J’ly 26
17% j’ly 5
3% J'ly 13
9*4 Jan 17
x6
3
11
Jan 3j
Jan 3
Jan 3
Jan 10
Jan 8
Jan 12
Jan
6
6*4 Jan 14
94*2 Jan 22
19
Jan 14
878 Jan 2t
178 Jan 13
5
29
Jan
Jan
7
4
8*2 Jan 21
75
Jan 22
27% Jan 11
10% Jan 12
12
May25
J’nejo
50
6% J’ly 13
5
Sep 7
Jan
3
2578 Mch 7
12% Jan 14
Aug 9
29% J'nel5
114
JTy 27
12 J’ly 0
66
J’ly 6
15*4 J’ly 1
1% Sep 29
8% J’ly 6
.25
1% Feb
1
55
J an
8
166
Jan
8
21% Jan
3
92
1% J’neyo
Mch t
24% Mch
2% Jan
v
18
8
Jan
9
3% Jan 19
08% Jan 14
JTy 10
7% J’ly 14
9
JTy 5
45*2 J'ne22
4% JTy 18
36
18
Jan 12
10% Jan 10
78
Mch 31
n
30
Jan
i
11% Jan 8
41% Sep 26
55
Jan
2
68
93
Jau
Apr
Jan
Jan
202*2 Men
Jau
ii
53% Jan
514 Jan
8
46
3
Jan
3
00*2 Jan 8
5*4 Jan 14,
15
150
Jan 14
Jan 3
3% Jan 14
Ex rights,
a
Jan
Jan
20*2 May
24% Jan
126*2 Jan
100
x64
Aug
Sep
200% Jan
40
J’ne
117% Aug
107
Aug
218% AUg
117% Aug
175
Apr
98% Apr
112
Apr
28% Jan
41% Feb
Feb
6%
76
105
13% J ’ne
Apr
Aug
83% Deo
97
Apr
220*4 Deo
3% Oct
125 Oct
118
Oct
139
Sep
108
Oct
199
Aug
12
Sep
114% Aug
34
35
170
Mch
107
lo% Sep 30 j
103
59
89
9*4 Jan
109*4 Jan
174% J’ne
149
215
260
173
Jan 6fl
75
Feb U
168
12% Sep 29
Oct
Nov
7 Jan
245 oan
150% Feb
Nov
126*4 Jan
Feb
138*2 Mch It
100
200
Mch
Feb
Deo
4*2 Apr
15*4 Apr
3% Apr
125 Jan
Jan
zll7 Nov
125*4 Feb
27*9 Feb
93% Jan
i„..
124
115
19
84
5% Jan
Jan
13
xll 4
8% Jan 11
162% Mch -•
11% Jan 3
160
JTy 14
100%Jau o'
84% May 18
Jly
88*2 Sen
195*4 Jan
Jan
Oct
J’ne
50% Aug
J ly
9% Feb
22% Nov
136
Apr
131
Apr
145% Sep
40% Aug
J 'ne
108
12% Sep
31*2 Aug
8% Oct
147*2 Nov
94
Mch t
162
123
275
136
103
Jan
33% Jan
Feb U
57g Jan 4
44% Mch U
28% Jan 3
a Ex-stock utv.
102
Feb 10
77% Nov
14*2 Mch
66% Oct
Jau
Nov
Feb
Apr
Dec
Apr
Nov
Jan
Feb
153
301
22
Oct
93*2 Mch
165
Jan
88
Jan
3
39U Mch 19
97
Nov
Jan
97*4 Apr
rl72% Feb
3
J'nel2
33
26
Jan 17
Jan
Jan
90*4 Mch
Men t
9%Mch28
13% Jan 3
2% Feb 18
22% Mch 9
12% Jan 10
111% Jan 31
1U8 Jan 3
18
146
200
190
ib
104*4 Mch 23
11% Jan 7
85
33% JTy 20
4534 JTy 20
2% JTy 22
18*2 J’neao
*39%J'UC30
2*2 j’ly 22
6
J’iy 13
102 J’ly 12
Wyandot;21
1*J JTy 261
u New Stojg.
Men
Jan
Jan
Jan
3% Sep 28
6% J’ly 13
220 Sep 15
9% J’ne3o
6
JTy 26
20
JTy 6
6% Sep 29
14% J'ly 19
2
10
79
143% Feb 24
Jly b 685
38
13% JTy 15
.16
.04 Jly 6
58
1?
195
May 31
1114
Apr 14
Apr /•
58%
Men 14 *il53
127% Mch 2
124
500
.....
150
24
46*2 Dec
143
115
267
125% Oct
May
128*2 Nov
75
Jan
487s .Ian 10
Sep 26
878 Feb ii
28
4*2 J’ly 28
138% J’iy 28
/% Apr 14
10
Mchle
105
4% Aug 2
J’ly 15
Sep 29
113
Sep 29
127*4 J’ly 26
26
J’ly 7
91
J'ly 1
106 J’ne
239*4 Apr
135 Dec
235
Mch
10
Jau
3
Jan 19
Jan
b\
204*2 Jan
103% Jan
109
14
SO
7
95% Mch 8
113
4
110
100
168
Apr 22
Sep 26
j'ly 6
36
J'ly 27
98*1 Mch J
7
16
200
Jan
98
100% Jan
Jan
124% Jan
223*2 Dec
132*2 Jan
Sep
11% Jan
60*2 Jen
Sep 30
Jan
Highest
295
14i% Aug25
212
3o
,
Aug 18
98% Aug 2
153% J’ly 26
89% J’ly 26
5
Feb V4
Feb :
Jan 29
Jan
3
Apr
Lowest
225
133% Jan «
116
Sep 27
Feb 10
Mayl
181% Sep 14
Jan 10
136*4 Jan
Apr 8
210
162
83
7
227
152
2'J8
16
76
1U*
48
150
118
270
14% J’ly 26
75
J’iy l
149
Apr 28
139% Mch 11
25
103
3
JTy 2,7
Sep *8
Apr -2
Mch *
124*4 Sep 21
104
85
202
123% Jan
104% Jan
234
...
,
6*4
10*2
6%
19%
26
“l69
Aug 2
J'neiO
Aug 2
*
6%
197g
2%
11*8
836
22
JTy 26
...——
6*2
19%
2*4
13%
5
”"l6
...
6%
20*2
19*4
1
Ga Uy & Electric.... 100
Do
pref
100
Maine Central
;_.100
Mass Electric Cos
100
Do
pref
IOC
N Y N H & Hartiord.lOC
Northern N H____
100
Norwich & Wor pref-100
Old Colony
ioo
Rutland pref
100
Seattle Electric
100
Do
pref
10^
Union Pad tic
100
Do
pref
100
Vermont & Mass
100
vVest End St
50
Do
pref
50
Highest
& Teleg^lOO
Land
33 Edison E'ec Ilium
100 /i239 Jan 26
Jly .6
105 General Electric.. ..100 135
76*4 Feb 8
83*8 83*2
83*2 1,958 MassachusettsGasCos 100
83*4
89
92
Do
May te
224
92*2
9212
92*2
pref
...100
220
220
220
220
75 Mergenthaler Lino—100 214*4 Jan 4
6
2% Jau 3
6
811 Mexican Telephone— 10
5*4
578
N E Cotton Yarn....100 107
Last Sale 107
Sep 22
Sep’10
*107
*107
Do
99% Aug 3
pref
100
N E Telephone
130
130
...100 129% Aug 17
94
Mch 22
Pacific Coast Power..100
Last Sale. 95
Aug110
320 Pullman Co
161% 161% 161*2 163
.--100 153 J'neju
Reece
Jan
50
11%
15
Button-Hole
10
1234 1234
12*2
12%
100 Jan 24
249 Swift & Co— ........100
101% 101*4 101
101%
28 MchJo
31
31
*30*4 31
25
120| Torrlngton
27 Jan la
Last Sale 30
Do
pref...
25
Sep’10]
195
197
'961 United Fruit
196% 197
—100 165*2 Jan 15
Un
58
Shoe Mach Corp— 25
46% J’ly t
57*2 587s
5812 6.865
28
Do
28
531
25% J'ly 9
27% 28
pref......... 25
U
S
Steel
61% JTy 26
68*4 68%
69*4
687*
8,815
Corp—.—..100
Do
2901
*11638 116% 116% U6fil
pref
100 111 JTy 26
14 Feb 11
823 West Telep & Tel eg—100
19%
19*4
19%
81
90
Do
90
90
Aug 15
146
pref
100
33
47
Railroads
_
Fitchburg, pref......100
1978 6.709
84*2 3,572
296
153*4
2101%
478
*434
*434
15*2 16
15*4
113
117
11334
104
32
49
*1*2
16b'8 16678
*913s 9238
31
41
*7
*115
19*4
83%
„
Atch Top & Santa Fa. 100
91%
Do
.—100
pref
97%
Boston & Albany—..100 218
Boston Elevated
...106 cl22
Boston & Lowell
100 200
Boston & Maine
.100 182
Boston & Providence. 100 r‘i02
14
Boston Suburban El Cos.
Do
70
pref_.
8
Boston & Wore Elec Cos.
Do
35
pref
CbJc June Ry & USY.100 139
Do
pref
100 110
Connecticut River
100 265
.
204-" May’10
140
140
Last ~Salc 210 June‘10
182
182
*182
Last Sale 27
Sep’10
Last Sale 103
AugTO
Lost Sale 100*2 Sep’10
33
5%
40*2
39%
45*2
*2*2
15*t
58
♦543
t
*543
550
550
55(
*16
18
17
17
17*?
17%
17%
.10
*.06
.10
Last Sale .10
Aug’lO
65
65
65*4
65
65%
64*4 65*2
4
4
4
4
*4
3*2
4%
7 <
6%
6*4
6*4
6*4
7
*6%
.20 *__
.20
Last Sale .20
Sep’10
11
10*2 10*2
10*2 10*4 *10*4
11
19%
4%
26
84
*13*4
5%
18*2
19%
11
18*2 19*8
82*2 83*2
152*2 153
Last
.40
.45
5
11
*13%
.
124
806
19
186
(1909)
Lowest
...
10
*41
*.35
.45
10%
5*2
95
24
1012
62*8
28*8
....
101*2 101*2
30*4 30*4
6
7%
1934
7*4
83*2
92*2
*12
6*4
42
16*g
9
9
10
19
19
20
18*2
18%
Last Sale 5
6 *
July* 10
150
*145
150
143
145
9
9
9
9
*8*2
257
*258
257
257
260
*145
146
145*2 145V 145*4
161*2 162
...
101*2
30*2
7*2
20
49
117
*12912 130
95
161
2 3-16 2 3-16
14
14*2
19*4
6%
1*2
*934
1%
16
115*2 116
1375g 138*8
*28
28*2
93*2 9334
*9
*19
'
101
4334
104*4 105_
47g
4'8
104
4
47
8%
5*4
....
44
*4234
=116
134
Ai ug*lOl
..
'§4' "84**1
19%
4%
47%
19%
4%
♦47
153
--
—
49
*1%
—
*.26
.30
36
36
*35*2 37*2
*122
125
*125
130
13
13%
13
12*2 12%
72
72 >
723,;. *72%
18*
18
18*2
18*2 18*2
38%
*2*2
*102*4
...
126
40*4
38*S
*7
114
*.35
.35
1834
8234
*99*2
*99*2
166*4 167*4 *16534 166
91
91%
90% 90~8
*13*2
534
18*2
5714
*9*2
73*
71*
49
...
*6
*.50
14l2
2034
*63*
334
*13*2
*182
*27
*5*2
65*
14
1*2
9*4
1%
182
*.50
20
♦2 3-16
*21*
18*2
153
*5*2
65*
612
e..__
18*2
82
153
*.50
33
20
*12%
18%
82*2
*16*4
6*2
33
126
182
*27
*103
*98*4 100
*1007b 101
218% 218%
129*4 129%
*208*2 210
133
134
Last Sale 292
*
Last, Sale
'1634
*—.
11
*101*
65*
*35*2
62*8
28*4
4
6*2
19%
42
65l2
5
*5
11
153
543
l
*543
*16
*16
*.06
.10
*.0Q
651*
*4
6*41
10%
1334
658
18*2
5634
57
*543
*16
*.06
*47
“
*83
’16%
19%
30
29
195
59
27*4 28
675* 6884I
II6I2 116*2
'l6%
*.35
.35
81*2
86*2
Friday
Sept. 30.
74
*70
*70
74
*70
10
10
*.—
10*2
10*2
10*2
♦35
*35
35*2
35*2
*142
*142
142
142
Last Sale 110
*109
10912
Seprio
Last Sale 270
Men'10
125
125
125*2 125*2 125*2 125%
*115
117
*116
*116
117
117
*86
86*2 *86*2 ...
---
*100
*92
30
"l8%
116
133*2
288
15
74
92*2 *92
219*2 220 220
6
57*
*534
*534
6
*106*2
*108*2
220
*5*4
♦106*2
130
...
105
*15
116
116
*92
161
*12
96
161
44
104
1291* 1291?
*
...
132
*——
15
10034 101
425s 425*
10414 104V
*434
5U
*15
182
14*4
72
10
110
86l2
811*
218
1291<
133
134
*.._. 288
14U
Sept. 20.
*99*8 99%
101*2 101*2 ♦10078 10178
218*4 218*2 218*4 218*4
*128*2 129
208% 208% 210 210
208*2 208*<
72
10
*35
*142
Thursday
Sept. 28.
99*4 9914 *98*8 987,
1001* 100*2 *1007* 1017|
12512 125*2 *12412 I”
11H4 11U2 112*2 112*2
I8I4
8H2
Wednesday
Range for Previous Year
Range Since Jan. 1
BOSTON STOCK
EXCHANGE
of
Jan*
Mch
47g Oct
71
Dec
Nov
Deo
Oct
31% Sep
947g Oct
131
19
96
Oct
Dec
Deo
10*2 May
.
"a4
Jau
*62" Oct"
65
23
Feb
96*2 NOV
40*2 Deo
Mch
38% Feb
Feb
J iy
Feb
17% J’ly
8
Sep
21% Feb
96% May
585
Feb
29 Feb
JO J'ne
68*2 Feb
7% May
7% Feb
1
Oct
54
13
Feb
7% J’ne
90
9
Feb
Feb
8% Sep
5% Dec
22%”Apr
18
£0
24
695
Apr
Apr
Jan
Auv
44% Sep
,35
Jan
86% Nov
12
Mch
16% Apr
2% Jan
19
Aug
12% Nov
110% Dec
14% Nov
38
Deo
7*2 Aug
”
33% Feb"
9% Aug
«7% Deo
74% Deo
19% Dec
18% May
10*4 J’ly
4% Mch
3%
12*4
5*4
r57%
Jan
May
Deo
11% Deo
33% Nov
119
7*2 Apr
2*2 May
16
J&n
30
Dec
51% Deo
30
8
.45
1
6
Deo
Nov
Feb
Oct
JTy
16*2 Feb
3% Nov
97t Oet
28% Deo
13% Mch
70% Jan
47
85% Jan
11% Aug
14% Deo
30
Dee
4*2 Mch
5»4 Nov
.40 J ne
47% Feb
122
19
83
Feb
Dec
Dec
Nov
8% Deo
Sep
13
.90
Deo
Aug
Deo
36*4 J'no
59
170
99
Jan
”
i*2 Nov
13*2 Feb
~34
Jau
13% Nov
127g Apr
62
J ly
9% Dec
28
39
44
4
Jan
Feb
Jan
Oct
87% Feb
89*4 Feb
3
Oct
4% Apr
139
2
Mch
Oct
’2% Jan'
177g Jan
*67
Dec'
18*2 May
18*2 J’ly
90
Feb
17% Jan
39*2 Nov
59
Sep
64
Oot
6% Jan
49*4 Nov
66
6
Nov
Deo
rl3% Dee
158
4
Aug
Ex-aiv. and rights.
Jaa
Oct.
Boston Bond Record
11910.]
tfUlkl^
BOSTON STOCK EXOH’GK
week ending Sept 30
to
Wee#*
Pnoe
^
Friday
H ta
112
sale
bale
90
92
92
96
95
66% bale
j -j
M-S
high Ao Low high
101%
100*« 103
89
91 %
93*4
103
103 Hi 10, 99 >« 106
8734 Sep’iO
87*4 87a*
no
i 12
90
H9%
90
99U
91 Hi Sep’10
92 *9
102 Hi
9/ Hi
JTy’10
117*9 Feb'10
66
66*9
17
14
97
Jl
101%
88*9 94 S
92Hi 94*%
102*9 102 %
117*9 117Hi
17 63
73
Feb’04
M-N
Q-F
113*9 May’io
87 Hi Sep’10
11103 Oct ’07
87*9
A-O
A-O
M-N
F-A
M-N
M-S
113Hi 114
98 Hi J’ne’io
097§....
J-J
j-J
A-O
J•J
J J
M-N
J -D
101
Sale
92
-
100 >9 101
Mar’10
99
Oct ’09
87 Sep ’10
100*,
iul
Bo*, Aug’!0
115*9 Jan’10
126
Feb'05
99
May’lO
100
91
1U0
98
1915 M-S
4s
1927 14-8
Fremt Elk & Mo Vlst 6s.. 1933 A-O
Unstampeu 1st 6s
96
Ayr’08
133
Mar’09
Apr ’05:
140
1933 A-O
at Nor OB A u ooil tr 4s 1921 J-J
Registered 4s
1921 %-J
96*4 Sait
06*9
pays aocrued interest in
86%
24 100
89
Rutland 1st
I
104
Torrington 1st
99
99
89
90
96*9
98%
06%
97 | 36, 94H) 97%
94% Aag 1Q’....:| 04*9 96*9
addition to the purchase price for all Boston Bonds.
*
.voiLot*
6
ttigh
99 Hi 101
93%
97
99%
99%
113
118
02*9 03*9
01
92
102
103
02 Hi Aug’lO
91
91
102 % Sep ’10
-
ibT* ibT
113%Not’06
101 % Sep '05
115
08*9
00
98*9
97
J’ne’08
99
Aug'10
97
101% Sep '10
100 % 105
103
Feo’09
100 *9 »ep ’08
77
133
99%
09*4
97
102*9 ''‘k’04
102** 111“
Apr’10
90
Sep ’10
134%Sep 3 0
136
10
77
79*9
96% 102
131
Ayr OU
987a bey ’09
113% Aug 10
135
*
00
102%
con
g 5s
1018
Umou Pac BB A1 gr g 4s. 19^7
1027
/0-year conv 4s
Unitea Fruit gens f 4Hi8.1023
U S Coal A Oil 1st s f 68.. 1938
U S Steel Corp 10-60 yr 6s. 1963
West End Street By 4s.. ..1015
Gold 4H»8....
1914
Gold debenture 4s
1016
Gold 4s
1017
Western Teieph A Tel 5s. 1032
Wisconsin Cent 1st gen 4sl949
Since
January 1
99*4 Keb’io
117
Sep ’ o
93
A-O
A-O
100*9
927.
99
100
riiya
lcO%
117
Apr *08
3%MaiM0
100%
116%
M- 8
M-S
A-O
gen 4%s.l041 J-J
Butland-Canadlan 1st 4s 1049 J-J
Savannah Elec 1st oons 5s.l 952 j-J
Seattle Elec 1st g 5s
1039 F-A
Shannon-Anz 1 st g 6s
1010 M-N
Terre Haute Eleo g 5s.... 1929 J -J
Bangs
£-0
.
Oreg By A Nav con g 4s..1046’ J-D
Oreg Sb Line 1st g 6s
1022 F-A
deb g6s..l0l2J-J
Bepub Valley 1sts l 6s...1910 J-J
88%
101%
or
*al*
iahu
ittK
Pere Marquette
115*9 115*9
Deo’07
112*4 Jan ’03
100*4 Aug’09
99
Anr’10
89
ftiar’10
93 Hi 96Hi J’ne’iO
103 *« Api ’05
Cudahy Pack(The)lst g 5s 19/4 M-N
Onrreui Biver 1st 6s.
1926 A-O
Detar Rap A W 1st4s... 1946 A-O
Dominion Coal 1st s 16s..l94o M-N
98*9
101*9 101%
99*. 00%
99
99%
98H»
101*4 Mar’10
999i*7.
99
88
85
a a
wee#s
Bangs
/,as*
100% Talc
Minne Gen Elec con g 5s 1020 J-J
New Eng Cot Yarn 6s. ...1929 F-A
New Eng Teieph os
..1016 A-O
6s
:
1916 A-O
New England oons g 5s... 1945 J-J
Boston Term 1st 4a
1039 A-O
New Biver (The) conv os. 1934 J - J
N Y N H A H con deb 3 *9Sl966j J - J
Conv deb 6s (ettsj
1948; J - J
Old Colony gold 4s
1924 F-A
103
103
A-O
A-O
A O
j-D
M-N
A-O
j J
1917 J- J
MichTeleplst 5s
j-D
r»c-
Hit.
steel deben 5s....1013
la Falls Abionx Cist 7s.. 1017
Kan O Clin A Snr 1st 5s...1925
KanCFt S<&Gull eat 6s.. 1911
Kan U Ft Scott A M 68.... 1028
Kan O M A B gen 4s
1934
Assented income 5s
1034
Kan O A M By A Br 1st 5sl929
Maine Cent oons 1st 7s...1012
Cons 1st 4s
1012
Maro Hough AOntist6s. 1925
Mass Gas 4*98
1920
6!
/
1'Yiday
Sent 30
Illinois
112
93Hi
90
98
104 *9 Oct ’08
112 Hi Jan ’03
103
Feb’10
100
J’ne’01
F-A
J-J
A-O
Cniojo By 6b btk Yus 6s. 1915
Coll trustrefunding g 481940
wli Mil <fc bt P Dub D 6s.. 1920
Oh M A St P w» V div 681920
Obit 6b No Mien 1st gu 5s.l93i
Jhic & W Mien gen 5s....1921
Joncord A Mont oons 48..192U J -D
Oonn A Pass B 1st g 4s... 1943 A-O
Note—Buyer
January 1
100*4 Mar’09
J-J
3-2
BOSTON STOCK BXCH’GE
Week endinw Skpt SO
Since
£
101%
89’.
110
J-J
0
Low
99% 100%
Stamped
J’ljr 1995|M-N
50-year conv 4s........1955 J-D
10-year conv 5h..\
1917 J-D
Atl (lull A W X SS Lines 5s.’59
Boston Elect L consol 5S.1924
1016
Boston A Lowell 4s
Boston a Maine 4%s
1944
Boston Terminal 1st 3 ‘38.1947
Burst!MoBivcons6s ....1918
Butte <6 Boston 1st 6s....1917
Butte Elec
Pow lstg5s. 1951
Cedar Bap A Mo B 1st 7s.l9l6
Cent Vermt 1st g4s..Mayl02O
OB A a Iowa Div 1st 68.1919
Iowa Div let 4s
1919
Debenture 5s
1913
Denver Exten 4s
1922
Nebraska Eaten 4s
1927
3 A 8 W S t 48
V..1921
Illinois Div 3 *98
1949
A SK
*
101%bal6
91% Sale
u>
Bangs
or
Inst sale
Sept 30
Am AerioulChem 1st 5s..1928 A-O
Am Teieu <fo Tei ooh tr 4s. 1929; j - j
Convertible 4s
1036;M- 8
Am Writ Paeer lets 15su 1919; J J
Am Zinc L A S deb 6s.... 19U M-N
Anz Com Cop 1st conv 6s 1920 j-D
A ton Too & b Fe gen g 4s.. 1995 A-O
Adjustment tr 4s....JTy 1995 Nov
Fitcnburg 4s.
Range
859
I137ft H6%
Mar’lu
98%
103% Sep’10
107*9 * ■ *05
99
103*8 103%
102
Mat’02
78*9 Apr’ 1J
103 Hi 105
95
sale
M-S
J-J
103 *9
05
97
78*9
103
88
Sep ’10
ob
Apr’07
100% Mar’ lo
0 0 7g Apt ’10
108% Apr’lo
96*9 96% 00%
6
06%
160 164
160
166
103
104
104
1;
98*4 J’ly’TO
101% j'ue’UO
08*9 Apr’l
J-J
J-J
M-N
M-N
F-A
M-S
M-N
F-A
J-J
J-J
97
96
95
06*4
78%
104%
110
108% 109%
95% 96%
145
166
101*9 105%
07
08%
08*9
99%
97
Aug’lO
09
04%
5- 94%
uG
y4% Jan’10
No pnoe Friday; latest bid and asked.
100% 100%
90% 109%
99
04%
1| Flat price.
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
share Prices—Not Per Centum Prices
Saturday
Monday
Tuesday
Sspt 24
Sept 26
Sept 27
126% 126%
••••••
•••••a
|
Wednesday
Sept 28
1.25
126% 126
Thursday
Sept 29
125*4 *...... 124%
••••••
*40**
14%
14%
48%
41%
11%
•46%
43%
14%
18
18
♦
41%
U%
47
•20% 26%
•70
71
*%
•21% 22
•00% 01%
79% 70%
64% 64%
r
14%
43%
42
43%
*
-
42
11%
42
11%
47
*26
26
70%
25%
*
42
41%
*11*9 11%
47
47
70
*14% 14%
•
*69
•89
*124
•10
<39
44% ,44%
16%
167,
18%
71% 71%
18
*00%
43% 43%
82% 82%
81
64%
64%64lli*
•44
44%
16% 16
18
18%
72% 73%
Q
9
0
22%
01%
81%
11%
11%
47
47
26%
26% 27%
71% 72%
2/% 27%
72% 72%
*44%
U
64®i8 64laie
16%
18%
!iww
0
43%
82% 82%
1*1111 jADKLPUIA
Bid
Ask
14*9
47
27%
73
*8
Preferred
......
US
.
45
72
••••••
——:
Germantown Pass..
Indianapolis St......
Indiana union Tr...
10% *20**
‘
8%
8
Preferred
4%
16
bchuyi H.
61
forth Pennsylvania.
Pennsyi BB receipts.
itnj
(Pitts) pref,
E German A Norris.50
Traction...
60
41
4‘i
81%
82%
General
10
Snsqnen Iron A Steel..5
ways
Tidewater Steel
,.1J
Preferred
10
Union Tr of Ind
loo
United N J BB <6 C.. 100
Unit Trao Puts pref..50
Warwick Iron* Steel. 10
24*o“
62%
Gas OB
•Bid aud
•«••••
*1*6% ‘l’i’*
36
Wilkes
•
37
••«•••
vvWMasW
Elec.. 100
asked;
no
sales
••••••
on
this day.
Bangs lor Previous
Jan 1
Year (1000)
78lia
Si*™
43-9
82%
15%
17
•„
15%
18%
73%
72%
878
0
43% 43%
82% 82%
,
83
Ask
103
Phils BayldTransit... 50
Beading
60
Tonoyah Mining
1
Union Traction
United Gas impt
60
50
PHILADELPHIA
83%
116
Bid
Spanish-Am lr 6s ’27 J-J
U True ind gen 5s’19.J-J
Un Bys Tr ctfs 4s’49J&J
United Bys invlstcoiltr
f os 1926
M-N
U Trao Pit gen 6s ’97 J -J
Weis bach s f 5s 1930. J-D
Wlks-B OdoE con5s’55J -J
8
106%
88
80%
60
May23
30
Marll
00
132
J’ly J 4
76
Jan
J 8% J’ly 29
41 JTy z7
l2%May 3
47
17 Hi Sep 19
41% j iy zi
40% J’ly 26
Ala Cons Coal* iron. 100
Pret
.....100
Atlanta * Charlotte..loo
Atlan CoastL
Canton Co
Cons Cot Duck
1U0
1 i *4 j ry 39
42 j’neju
19% J’ly 20
64
Preferred
116
97
100
00
108
JTy 26
J’ly 0
102*9 102%
04% 05
101% 101%
76% 76%
•••*••
......
t
DM
Mar 48
Mar 80 May
Jan 121% Deo
Feb
Feb
0% Feb
28% Deo
48
15 %
J’ly id
28
Jan
43
50
Jan
48
1st pref
2d pref
G-B-S Brewing
ioi'%
i6 Apr28
65% JTy26
o % J an 2 41% JTy 26
70 J’ly 2d
\ Ask
102 "
lid
08
101% 101%
90
34% Jan 20
84% ban 10
*71%
80
I 80%
18
40
30
50
226
235
no
120
Corp...50
50
loo
loo
100
interest.”
Anaoostaa * Pot 5s
Atl Coast L(Ct)ct4s 6s J-D
Ctfs of lndebt 4s....J-J
6-20 yr4s 1925
J-J
Balt CPass 1st6s ’ll M-N
Balt Fundg 5S.1016M-N
Exoliange 3 %s 1930 J *J
Ball *F 1st 6s ml ’ll A-O
B S P * O 1st4 %S ’63F-A
Balt Trao 1st 5s..’29 M-N
No Balt Div 6s 1042 J-D
Cenfl
By oondsl032 M-N
Ext* imp ds.1032 M S
Chas City By 1st 6s’23 J-J
Chaa By G * El 5s ’00 M-S
$12% paid. *$13% paid. * $35 paid,
2o *9 aan 3
86
Feb In
0il0Mayi3
52% >an 3
95% Jan 10
L5%Jan
53
DeO
14% Deo
Jan
607g Jan
84% May
BAI/l'l JHIitK
Chari C * A 2d 7s* 10 A-O
City * Sub 1st 6s..’22 J-D
City* Sub(Was)lat5s’48
Coal * 1 By 1st 5s’20F-A
Coi*Grnv 1st 68.1016 J-J
Consol Gas 5s..1030 J-D
Ctfs indebt 4%s..^.J-J
Cons G E * P 4 -is ’35. J -J
Fair* Ci Tr * st 5s ’38.A-0
ba oc Axa xal coju us AoJ
-J
02%
108
110
......
’06“ *05”
a Receipts,
05% Deo
105“
Ask
mnnnmm
106
100% 101
00% 100
109
107% 108
107
81
81%
96
96%
103% 104%
104% 105
112
114
108
110
102
104
109
110%
Memphis at 1st os’45 J-J
MetbtiWash)lst5s’20FA
97
107
72
08%
J-D
Funding 5s 1036...J-D
02%
68% May
U-B-b Brew 3-4b 1051M-b
2d income 5s 1051 M-N
Knoxv Trao 1st 5s ’28A-0
LakeB El 1st gu5s’42M-b
Macon By* titIst6s’5 3 J-J
income 4s 1040
106
100
106
49% Deo
12% J’ly
63% J’ly
33% Deo
84*9 Deo
Bid
Mt Ver Cot Duck Lst os
NptN *0 P 1st os’38 M-N
Nor*PorTr
4%
ist5s’36J-D
3%
18
Nonoik ai 1st us’44..J-J
16
Norm cent4%s 1025 A-O
beries A 5s 1026....J-J
02% 05
Series B 5s 1026....J-J
2*9 Pitt Uu 'Trao 6s 1007.J-J
1%
Polo Val lst 5s 1041..J-J
bav Fla*West5s’34 A-O
beab * Boan 6s 1026.J-J
100
100% bouth Bound lst os..A-O
UElL*Plst4%s’20 M-N
U u By * El lst 4s ’40 M-b
105
104
02% 03%
Jan
Deo
0% Jan x5 Apr
14% Jan 3379 May
06
Jan 125 % Deo
67
Feb 113
sep
63 % Feb 75% Sep
40% Feb 617e Dee
11 % Fob 14% Deo
24*9 Jan 36 % Apr
59 % Feb 86% Sep
0% Jan 7*»i9 Mar
GaCar*N lst5sg’20J-J
S0%< 81
Georgia P 1st 6s...’22 J -J
102% Gabo a Fla 1st 6s 1045J -J
...100
Bonds
Prices are all ** and
'
3
25
Dec
6
44% J’ly
53% Jan ro 32 % Feu
12 % jau 14 *10% Jan
64 % Marll
43
Jan
<*an iu
13
28 'i J an 3
86 J’ne3j 123 Jan 7
62% J’ly
121% alar in
-
102%
Feu 28- 100
3
11%
oau 8
22%
27*4 Jan
7
lo% J’neio
Conn)loo
Georgia sou* Fla... 100
96%
I highest
Lowest
Mar21
UAlil'DlOltb
Inactive Stacks
60
100%
ty/iesi
Pennsylvania BB
6U61uieJ’*y 20 (W*ieMar 0
Phiiadelp’aCo(Pittsoi. 60 42 J’nedu o3%Jan 8
Philadelphia Electnc|. 25U37*ieu 3 16% Mar 18
Ph A Beau 2d 5s *33. A-O
Con M 7s 1911
J-D
Ex imp M 4s g ’47.A-O
Terminal 5s g 1U41.*J-F
P W«fcBooitr4s’21.JJ
Portland By 1st 6s 1030.
Roch Rydfc L con 5s ’54J -J
09
Penn A Md Steel eon 6s.
Pa 00 N Y Can 6s ’39. A-O
Con 4s 1039
A-O
Penu Steel 1st 6s ’17 M-N
People’s Tr tr certs 4s ’43
P Co lstds col tr 6s’49 M-S
Con<te col tr 5s 1961M-N
Phil Eleo gold trust ctfs.
Trust certifs 4s
P A E gen M 6 g ’20. A-O
Gen M 4s g 1920..AOfeO
U $15 paid,
8*9
Keystone Telephone... 60
24% 8,819 Lake Superior Uorp....ioo
93
218 Lenigh c A Nav tr otls. 60
81% 16,470 Lehigh Vaiiey.......... 50
Bid \
Bonds
Prices are all
and
interest.”
Alt dbLV Elec 1 %s’33.F-A
Am Gas A Elec 5s’07. F-A
Am Bye conv os 1011.J -D
AU City 1st 5s g ’19.M-N
Berg«fc EBr w 1st 6s’21J -J
Bctnie steel 6s 1008.<J,F
Choc A Me 1st 5s 1040 J -J
Ch Ok A G gen 5s’10 J-J
Col St By 1st con 5s 1032
ConTracolN J 1st 6s.’33
E A A 1st M 5s 1920 M-N
Elec A Peo Tr stk tr ctfs
Eq li Gas-L 1st g 5s 1028
U Ex-rights.
29
75%
a
Philadelphia
U4*»4 66ii« 2,.00
624
*14% 44%
15 7t 15 78 12,725
18% 19*4 i2,03J
73% 73% 0,070
*8%
»%| l,s4u
43% 44
3,246
82
82% 2,iol
Leh V ext 4s 1st1048. J -D
2d 7s 1910
M-S
Consol 6s 1923
J-D
Annuity 6s
J-D
Gon cons 4s 2003.M-N
Leh V Tran con 4s’35J-D
1 st series B 5s 1935. M-s
N ew Con uas os 1048 J -D
N ewark Pass oon 5s 1030
N Y Pli A No 1st 4s ’30 J J
Income 4s 1030...M-N
NoOhioTrao oonos’10.J-J
Penn Oons 5a 1910.. Var
Haven iron A bte
W vowiiviwwiu
18
80 7t
LelugkNav 4%s T4.Q-J
BBS 4s g
1014.<4-F
Gen M 4%s g.l024.U-F
Leh V 0 1st 5s g ’33..J-J
:
a
15%
02*9
Indianapolis By 4s. 1933
5
16
it
Phila Co
16%
18
23%
Interstate 4s 1043 ..F-A
Leli Vail Tran v 10..
Preferred v t 0.
leliill A
45%
22% 2370
02% 02%
80% 81%
64% 64%
*46% 45%
PUIIjADKLPIUA
inactive Stocks
......
81
46
72%
8%
43%
82%
0
43
43% 43%
82% 82%
04%
45
16%
18%
73
02
2d
11%
48%
11% 11%
22%
100
pref
100
United By A Electric.; 60
l>o
*11*9
43%
42
47
80%
Seaboard (new)
42
*4*1%
*21%
....
65 American Cement...... 50
151 American Bail ways.... 50
70o Cambria Steel
50
413 Electric Co oi Amerioa 10
345 Eleo Storage Battery.. 100
3,170 uen Asphalt tr cus
100
1,263
Do pref tr ctfs ....100
18%
•01
.....
19
43%
42%
18%
43%
22
01%
81%
60
00
125
20
40
*18
♦43
42
14%
47
70% 71
*21%
Range Since
Lowest
Baltimore
j
Con. Gas EL L. A Pow.100 46
Do
prei
100 80
206 Northern Central
50116
I’M
14%
47
Sept 30
14%
14%
42
Friday
.
*21%
01*9
79%
ACTIVE STOCKS
the
(For
Bonds and Inactive
Week
stocks see below)
I
'Shares
Sales
.of
Va Mid 2d ser 6s ’ll.M-b
3d series 6s 1016..M-b
4th ser 3-4-6s 1021.M-b
5th senes 6s 1026.M-b
Va (bute) 3s new ’32.J-J
Funddsbt2-gs 1901A A
West N C oon 6s 1014 J-J
WeeVaC*P 1st da’ll J-J
WU * Weld 5s..l035.J-J
42
6
42%
8
72%
82
103% 105
105
106
100 *9
81
105
108
107
105% i*07
105
106
89
Sift
84%
61
61%
83%
83%
100%
104
104
106
86
85
••••••
f#
T
105
105%
100% 100%
107 no
-
b $25 paid. c$.iO paid, <1$ 12% paid.
■.
£60
Electric Companies
Volume of Business at Stock Exchanges
DAILY. WEEKLY AND YEARLY
Week ending
Par value.
........
113,152
Monday
Tuesday..........
Wednesday
Thursday..
Friday..
479,816
478,049
309,058
335.730
443,072
Saturday
.........
.....
Total..
Bonds.
SL007.000
$10,132,700
38,931,600
38,389,900
25,213,300
29,671,500
38,947,450
2,030,500
2,721,000
2.371.500
2.566.500
2,4/4,700
•
Week ending
„Sales at
New York Slock
Exchange.
123
1*8
50
80
1910.
$81,500
101,000
$10,000
51,000
118,000
62,500
139,000
6,000
Jan. 1 to
Sept. 30.
Sep’. 30.
51
55
Amer Tel eg A Cable. 100
69
e Central A So Amer._100 rll6
Jomui'l Un Tel (N Y)_ 25
105
65
Eiup A nay State Tet.100
Franklin
40
loo
i Gold A stock Tele::.loo
100
e Northwestern Tel eg.
105
50
60
Pactdc A Atlant;c
25
75
1st 6s 1911.J-J
ANY'
N Y A E B Ferry stk.100
1st 5s 1922
M-N
NYAHob 5s May '46.J-D
Hob Fy 1st 5s 1946 M-N
NY AN J 5s 1946
J-J
10th A 23d Sts Ferry. 10(;
.....
Bonds,
Government bonds...
$16,000
$553,000
13,171,200
$1,000
$617,200
25,653,000
$13,740,200)
$26,271,2001
State bonds
HR. and mlsc. bonds.
Total bonds...
Caily Transactions
447,570,200
$483,579,3501 $1,031,273,700
Listed
shares.
Monday
Tuesday
Wednesday,....
Thursday
Friday.—
.......
—
Total
Listed
shares.
Bond
sales.
Unlisted
shares.
517
Bond
sales
66,000
50,000
55,000
6,700
12,364
16^405
7,084
22,581
18,545
7,046
4,679
2,899
3,276
5,425
$25,000
19,044
29.500
43.500
34,900
53,000
$419,500
83,677|
23,7421
$204,944
14,170
11,043
9,473
14,077
14,J5z
10,243
17,134
8,984
6,900
7,328
13,690
$91,000
118,000
39,500
72,490
64,279
mtge 5s 1919..J-D
Union Ferry stock.. 100
• 1st 5s 192J
M
Short-Term Notes
Am Cig ser A 4s 11. .M £
Philadelphia.
Unlisted
shares.
9.075
Saturday—
1st
e
at the boston and Philadelphia
EXCHANGES
Boston.
Week ending
Sept. 30 1910.
$409,200
29,559,400
1,001.305,100
$327,200
35,6 >1,950
Ser B 4s Mch 15'12 M
Balt A Ohio J4sl9ir.j-D
iethleh Steel 6s '14..M-N
hlo A Alton 5s *13..M-S
Cln Ham A D 4s 1913. J-j
0 O O A St L 5s. June '11
iudson Companies—
6s Oct 15 1911
A-O
6s Feb 1 1913
F-A
mterb R T g 6s 1911.M-N
A C ByALlght 6s T2.M-S
Minn A St L g 5s ‘11.F-A
N Y C Unes Eq 5s'10-22
4H* Jan 1911-1925...
N Y N H A H 5s '10-T2
St L A S K4 443'12op.F-A
5s Mch 1 1913
M-S
Outside Securities
All bond prices
are
“and interest" except where marked *‘f.'
now
Bid
Ask
Bleeck St A Put F stk.100
1st mtge 4s 1950 ..J-J
15
50
115
10
60
140
Cons Tract of N J..100
1st 5s 1933
J-D
New’k PasRy 5s '30 J-J
ys„ 100
18t
ESC
105
102
90
Rapid Tran St Ry_.100
Pub
B’y A 7th Ave stk ...100
.2d mice 5s 1914 ...J-J
Con 5s 1943—See Stock
B*way Sun 1st 5s gu 1924
Cent’l Cro^st'n stk _..I00
1st mtge 6s 1922
Cen PkN & E B stk ..loo
Chr’t’r & 10th St stk-.lOo
Col A 9th Ave 5s See Stock
'
80
15
‘
85
26
80
Esc
90
USt
Dry D E B A B—
1st gold 5s 1932
100
40
3^0
100
220
95
J-L
Scrip 5s 1914
F-A / 30
250
Eighth Avenue stock. 10i
Scrip 5s
1914
'
F-
95
42d A Gr St F’y stk ..10i
200
42d St M A St N Ave. 100
1st mtge 6s 1910.M-t
2d income 6s 1915.J-J f 25
Inter-Met—Sea Stk Exct mge
Lex Av A PavF 5s See Stk Exc
Metropol St By—See Stk
Exc
180
16
100
100
130,
85
92
list
80
85
30
215
102
76
Brooklyn
Atlan Avenue BB—
Con 5s g 1931
A-C
B B A W E 5s 193&..A-1
»8
102
9/
102
Brooklyn City Stock_.lt
loo
170
Excli tnge
97
100
Con ,5s—Sea Stk
1st g 5s '41 op '16.J-J
elstoonss *41 op’16 M-N
Bklyn Bap Tran—See Stk
Coney Isi A Bklyn.. 10c
1st Cons g 4S 1948__J-j
Con g 43 1955
J-J
Brk C & N 5s 1939.J-)
Kings C El 4s—See Stock
Nassau Elec prof
100
6s 1944
A-(
1st 4s 1951—See Stock
N W’bg A Flat 1st ex 4
Steinway 1st 6s 1922..J-J
Other Cities
Buffalo Street By—
1st consol 5s 1931.. F->A
Deb 6s 1917
A-O
Columbus (O) St By..100
Preferred
97
95L
78
75
95
Exc
87
103
Gas Securities
New York
Cent Un Gas, 5s 1027 .J-J
Con Gas (N Y)—See Stk
e Mutual Gas..
..100
New Amsterdam Gas—
1st oonsot 5s 1948..J-J
NY AERGas 1st 5s '44 J-J
Consol 5s 1945
J-J
N Y A Richmond Gas. 100
N Y & WestchesterL'ht'g—
Deb g 5s 1954 guar.J-J
Nor Un 1st 5s 1927..M-N
e Standard Gas com.. 100
e Preferred
...100
1st 5s 1930
M-N
Other Cities
Am Gas A Elec com..
Per soarev
C
BaiL".
_
j
99
98
1st 5s 1947—See Stock
Con Gas of N J 5s '36.J-J
Consumers’ L H A Pow—
58 1 938
J-D
Denver Gas A Elec
100
Gen g 5s 1949 op.M-N
Elizabeth Gas Lt C0..IOU
Essex A Hudson Gas.lOu
Gas A El Bergen Co..100
....
list
1021:
73*2
74
e
<1
Gr Rap 1st 5s '15.F-A
Hudson Co Gas......100
Indiana Lighting Co..100
4s 1958 op
.....F-A
Indianapolis Gas
50
1st g 5s 1952
A O
50
106
Laclede Gas....
..100
0 Preferred
100
Madison Gas 6s 1926. A-O
Newark
Gas
6s
105b
1944..Q-J
24
Newark Consol Gas.. 100
59
«Con g 5s 1948...J-U
.1st
No Hudson L H A Pow
112
5s 1938
A-O
101
Pacific Gas A E, com.lOu
Preferred
lOo
73
Pat A Pas Gas A Elec. 100
• Con g 5s 1949...M-.v
e
...
Joseph Gas 5s 1937.J-J
on sta. Ex.„ nut not very active.
American Thread pref
5
Am Tobacco Co cora._10t
Amer Typefders com. 100
*8
95
100
Exc list
310
5
Exc list
90
95
Amer
28
65
99
90
300
136
76
98
135
32
63
13
79
993
80
102
127
97
103
110
56
85
85
1/8
90
185
93
140
80
101
140
35
66
'85
92l2
1003*1
102
107
75
list
91
190
125
155
120
223
102
US
35
120
102
105
list
70
;i0
514
2
25
3
27
87l2
89
9
19
65<2
—
Preferred
100
90
Beth!'m Steel Corp—See s tk Ex
Bliss Company com.. 50
...
Preferred
50 118
Bond A Mtge Guar...100 235
Borden’s Cond Mllk__10u no
.....
102
*678
*18
2>2
66
125
123
2
10
Central Foundry.....100
...
Preferred
100
Deb 6s 1919 op ’01.M-N / 35
Chesebrough Mfg Ca-.lOo 700
42
102
10
20
66
35
100
100
Preferred
Pratt A Whitney
Producers Oil
EXC
55
<5
100
142
100
pref.lOo
.100
Realty Assoc (Bklyn) .lOu
Royal Bak Powd com.lOu
lOu
Safety Car Heat A Lt.100
Seneca Mln'ng
25
..10o
Singer Mfg Co
South Iron A S com __10u
Preferred
10u
Standard Cordage.__.10u
1st M g 5s '31 red.A-O
Adjust M 5s Apr 1 1931
Standard Coupler com 10u
Preferred
100
Standard Milling Co..100
Pre'erred
.....too
1st 5S 1930
30
30*4
1st”
137
92
,
1
94
8
53
80
109
112
140
200
112
10i*4
39
,
92'la
84*4
240
275
146 ;
40
*.8i$
22
115
113
275
"i
60
list
•
m
35
80
205
5
102
40*s
ia4
52
94
23U
uit^
60
80
105
147
114
185
103
124
195
107
126
2/0
9
18
11
21
/lY
13
D8
I
20
5
40
M IS
Tonopah Min (Nevada)
1
Preferred, new
Trow Directory..
100
Underwood Typevv pf 100
Union Typewriter comlOU
1st preferred
lOu
2d preferred
100
United Bk Note Corp. 50
Preferred
50
United Cigar Mfrs__._100
• Preferred .......100
United Copper
..100
Preferred .........100
U S Casualty..
...100
U S Envelope com...100
Preterred .........100
U S Finishing
.100
Preferred .........100
3»2
115
Standard Oil of N J..100
Swift A Co—See Boat Stk
1st 5s—S'* Ouie Stocu
Texas Company—See Stk
• Texas A Pacific Coal 100
Title Ins Co of N Y
100
ilSt
121
122
245
112
104
65
140
125
4
2
*23lg
Preferred
5o
Pittsburgh Coai—See Stk
Pope Mfg Co com
lOo
Trenton Potteries
7
*U2
49
92
Pittsburgh Brewing.. 5u
100
18*2
97
5*2
36
**103» 10“ ts
lo
.100
Preferred
l&U 3J
*4i2
Nipissing Mines
Dhlo Copper Co.
Ontario S'lver
Otis Elevator com
100
Preferred
94i2
Writing Paper.-lOO
Casualty Co of Amer..100
Celluloid Co
lOo
Cent Fireworks com..100
Preferred .........100
60
Niles-Bern-Pond com.lOu
100
.....loo
45
5
12
.....
97
Preferred
88
-
M-N
British Col Copper... . 5
Butte Coalition Mining 15
Casein Co of Am com. 100
Preferred .......-.100
6‘s
85
35
3
8
.....
....-
110
175
“is
190
»i'
403
Barney A Smith Car..lOu
2
85
150
85
88
25
7J
176
l<tt
25
lerig-Hall-Mar. uew.loo
Hoooken Laud A Imp lOo
• 5s 1910
Mi.
40
997g
5
louston OH...
.10o
75
34
Preferred
26
28
.too
Hudson Realty
93
97
10v ill*
93
iugersoll-Rand oom.lUo
• Preferred
100
...10
3012
9978 10018 iQtercontln't'1 Rubber.10(
lid
9SU mteruat’l Bauk'g C0.IO0
98
W4 .9“ latexuat’ Mer Mar—See .> ik Ex
international Nlcko... 100 134
95
96
89
Preferred
.10o
9834 99L
1st g 5s 1932
92
97
A-o
97l2
6
100l8 1005s international Sait....lOo
1st g 5S 1951
48
A-O
60
97
9911 international STver_.10o
1U6
Preferred
100
97
99
lid
1st
6s
1948
J-l,
1,3
1J212
98
9834 interuat Smelt A Betg 10u 130
175
98 2 l 0
ntemat l imc Record. 10«
105
lov,
64.7o 4.3%
Preferred
64.6 J 4.3% Jones A Laughlin steel Co
1st S f g 5s 1939..M-N
100
1 1
100*4
33
Lackawanna Steel
lOu
97U 98
«1st con 5s 19./0
96
M-.
o712
Deb js 1915
9l*j
../n
9734 98 V
lOOSg 10034 oaoston Monotype... 100 x83>4
230
97
Lawyers/ Mtge Co....i0u
5u
100
L«h A Wilkes-B Coal
9i»!4 100
e LorlUard (P) pref
lOo 130
9934 100
dadtson Sq Garden.. 10<>
30
2d 6s 1919
M-i\
85
Manhattan Transit... 20
*1*8
♦8
StOOl: Exc Mouongauela B Coal.. 50
Preferred
list
60
lUu ill)
Mortgage Bond Co
Nat Bank of Cuba..._10i
108
t 85
65
Nat’l Surety
f 40
.10u
50
/
e
Nevada
Goos’d
5
Copper o *19*8
^
*,
Nev-Utab
Min
A
Sm.
lo
4L
4»2
« New Central Com
40
20
10912 111
NY Air Brake 6s—See Stk Exc
t Ext. list
N Y Biscuit 6s 1911.M-8 100
95
105
New York Dock
100
25
*32
34
• Preierred
.100 x7o
74
♦70
N Y Mtge A Security, loo 195
*4
Y Transportation.. 2u
90
97
400
39
98
Preferred
100
1st S f g 5S '19 op ’.09 J-J
AtlGf AWlndSSL nes.100
Preferred
100
Col tr g 5s 1959
J J
2o
.....
10^
Preferred
Deo g 6s 1939
**18
*6ig
,
....
iavaoa Tobacco C0..IO0
Preferred
.10,
1st g 5s June 1 '22 J-D
lecker-Jones-Jewell Mil
1st Os 1922
.14 t.
97
100
93
30
65
12*g
74*8
.....
lUggenheim Explor'n lOo
Hackensack
Water Co
Bef g 4s *52 op '12..J-J
Hall Signal Co com
lOo
100
93
20
55
Preferred .........100
431;
41
90
104
79*2 Jackson Gas 5s g '37.A-O 1 88
i'st
86
105
90
.
75
102
20*
noo
.«
4
:5
41
id
15
.10*,
50
63
Preierred
10,
90
General Chemical
100
.10,
• Preferred
100
t(>5
10
Goldfield Con Mines See S tk Ex list—
Gold Hill Copper
irecne-Cananea
94
Amer Hardware
lOo 117
Am Malting 6s 1914..J-D
99
50
Amer Press Assoc’n._ 100 loo
Am St Found new—See s tk Ex
6s 1935
A-O 100
10U2
100
Deb 4s 1923
F-A
68
American Surety
50 200
287
102
Brooklyn Un Gas—SeeStk
Buffalo City Gas stk..100
Bys of Mexico—see £>
5)
112
112
103
100
9/U Araer Light A Tract.. 100
Preferred .........100
50
Bay State Gas
Blugh ton (N Y) Gas Wks
1st g 5s 1938
A-O
100
Kan A Col Pac 6s 1938. F-A
Nat
9912 10U2
100
96
40
*39
Preferred
104i2
1CK)
Stlls
Ctucago Subway..
821;
,
-■i"
Empire Steel
11712
.....
50
£9
St
*
•Chic Gt wcom tr ctfsLSie
• Preferred tr ctfs
/
Ohio Poo A St L—*
Pnor lien g4 Hs'30. M-S
7512
128
Con mtg g 5s 1930..J-J
98
Income 5s. July 1930..
10
Preferred
Gold 4>is 1936...J-I
Electric Boat
10
Preferred
10
«
•
...
North'n Securities Stubs.
Pitts Bess A L E
50
ilSt
50
Preferred
lol
10U2 « Railroad Securities Co¬
100
95
lli C stk tr ctfs ser A 52
Seaboard Company
9
8*4
1st preferred
100
72l2
4li2 41*4
Com A 2d pref—See Bai
Exi
Exc list
Seaboard Air Line—
Coll 5s ext May '11.M-S
Exo list
99*4
31
32i2 West Pac 1st 5s '33.-M-S
9312
8/8* 87Ai
83a» 84
Industrial and Miscet
Adams Exp g 4s 1947 J-D t 8912
Ahmeek Mining
25 *185
Alliance Realty
10U 120
American Book
100 150
100 118
10012 102
American Brass
Exc list
American Chicle 00m.lot 220
158
166
Preferred
100 100
Am Gr&phophone com 100
5
♦42*2
92
,
Railroad
50
105
• Preferred
100
77
1st A ref 4 Hs—See Stk Exc
Grand Kaplds Ry pref .100
83
e Loutsv St 5s 1930.. J-J
104
Lvnn A Bos 1st 5s '24 J-D 104
• New Orl Rys A Lgt.100
23*4
e Preferred
100
6812
Gen M g 4 hs '35—See £ Ik Ex
Pub Serv Corp of N J.100 110
Tr ctfs 2% to 6%perpet
99i:
;■/ North Jersey St By.ioo
55
1st 4s 1948
M-N
7412
.
74
1949
Trent P A H 5s 1943.J-D
United Bys of St
Com vot tr ctfs....100
0 Preferred
.100
Gen 4s 1934—See Stock
Unit Bys San Fran See Stk
Wash By A El Co
100
Preferred .........100
4s 1951
J-D
106
102
102
.....
106
225
M-N
g
Syracuse R T 5s '46..M-S
105
11st
92
103
Exc
....
721
104
103
48
....
a
7l>103
So J Gas El A Trac-100 125
Gu g 58 1953...M-S
96
No Hud Co By 6s 14 J-J 102
5s 1928
J-J 102
Ext 5s 1024....M-N
98
Pat By con 6s *31..J-D 114
2d 6s opt 1914..A-U 100
So Side El (Chic)—See Cb icago
list
76
83
80
100
‘1st
Exc
60
_100{ 102
...
Oolum By con 5s—Sec l!k
Crossrt'wn 1st 6s '33 J-D
C Conn By A Ltg oom.100
Ask
list
Bkln Hgts 1st 5s 1941 A-O
Bkln Queens Co A Sub—
•
Bid
1st 5s 1921
A-O
J C Hob A Paterson—
...
ilSt
list
list
155
Ninth Avenue stock..10i
Second Avenue stock. 10*
10
IstM 5s'09 ext T0..M-I'
Consol 5s 1948....F-A f 50
•Sixth Avenue stock..lot
iio
ao
Son Boulev 5s 1945...J-j
So Per 1st 5s 1919...A-L
88
Third Avenue—See Stock Exc
Tarry W P & M 5s 1928 > 50
YkersStRR5s 1946 A-v
75
2$th A 29th Sts 5s *96 A-L / 15
Twenty*third St stk ..lot 190
Union By 1st 5& 1942.F-A 100
Westcnest 1st 5s '43 J-j
65
.
Street Railways
Serv Corp N J {Com
Street Kail ways
New York Oily
South By g 5s 1913..F-A
Tidewater 6s. 1913 guat
Wabash 4 Hs 1913
M-N
West Teiep A T as '12.F-A
6s
1913
vVestingh'e El AM
5% notes Oct 1917. A-O
Vl7«
83
145
Diamond Match Oo.lOJ
duPont(EI)deNemPo 10. >
3;
iegraph and Telephone
Ferry Companies
157,497,938
130,161,974
Stocks—No. shares...
4,965,660
2,161377
<■
Far value
$181,2 ,6,450 $451,829,025 $11,673,476,000 $14,389,144,450
Bank shares, par
$138,950
$871,300
$12,400
$5,100
......
DavD-Daly Copper Co.lo
W
9
LXXXil.
Bit
Industrial and Mhscei
Consol Rubber Tire..100
3*2
10
Preferred
100
Debenture 4s 1951 A-i / 3^:
? Crucible Steel
12
—10
• Preferred
_10u
•
73
30
ePac Teiep A Tel eg pf.ioo
Southern & Atlantic.. 25
1909.
1910.
1909.
75
75
Preferred
10j
United Elec of N J...100
1st g 4s 1949
J-D
vVestern Power com.lOi*
Preferred
...10o
$553,000| $16,009
f 2,1j1,877 $181,286,4501 $13,171,200
»..
Kings Co Iff. LAP Co 100 no
Narragan (Prov) El Co.5u *x85
4J
NYAQ El L APowCo 100
V. S.
Bonds
Stale
Bonds.
Ac.,
Shares.
111
list
S7-:
Railroad,
Stocks
Sept. 30 1010.
BU
Chic Edison Co—Sea Ch. ^ago
85
Gr't West Pour 5s '46-J-j
s
TRANSACTION J Al THE A i-.vV YORK. STOCK EXOHANUE
^
[VOL.
THE CHRONICLE
1st g 6s
com
1919
10o
lot
J-
Con t 5s 1929..
J
Preferred .........100 102*2 I07»2 U S Steel Corporation—
Col tr s f 5s '51 opt 'li 114
’«9 • Clallin (H B) com..100 95 105
Col tr s f 5s '51 not op: 114
87
92
104
0 1st preferred.....100
95
U S 'Tit Gu A Indem_.100 HO
0 2d preferred
100 88
•Utah Copper Co—See Stk EXO
Col A Hock CoalAI pf 100
70
Westchester A Bronx Tit
1st g 5s 1917
56i2
J-J 1 50
87
60
A Mtge Guar......100 160
/
45
170
Col tr 6s Oct 1956..J-J
90
42
40
Consol Car Heating...100
Westlngn’se Air Brake.50 *..— 133
West El A Mfg 5s—SeeStk Exc ilrt
100
93
Worthing Pump pref.lOo 106 UQ
City Investing Co..-.100
( Fiat price-
n
xSpminai.
s
60
Sale price,
70
x xvx-aiv.
y
tsx-ngnts.
3 New
stock.
O0T.
THE CHRONICLE
11910.]
861
Juueslmeut ami Railroad intelligence.
■<J-tjyylftnj-^nj-unrtrVVVVTXLnj%rui.f^^
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HA1LKOAD
mmmmmmmm»mmmmmmm
* ““
- *r,—--r,-.- - *KT^>
EARNINGS.
GriOSS
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly return
be obtained.
The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from July 1 to and including such latest week or month.
We add a supplementary
can
fiscal year totals of those roads whose fiscal year doe3 not beg»n with July, but covers some other
The returns of ths electric railways are brought together separately on a subsequent page.
statement to show the
period
iMtesl Gross Earnings.
Week or
Month.
ROADS
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
$
%
$
$
Ala N O & Tex Pat
N O & Nor East. 1st wk Sep
,
56,000
636,686
559,856
26,000
317,360
278,276
23,000
287,855
239,648
4,795
6,889
4,795
8,959,839 17,090,898 16,702,111
50,513
534,225
479,274
1,863,040 2,148.065 1,863,040
/,652,161) 16,097,793 14,744,310
93,650
136,047
93,650
226,092
443,38/
445,135
6,685
4,189
4,188
3,722,367 3,751,230 3,722,367
5,224
5,895
5,895
196,960 2,362,648 2,212,673
204,579 2,212,437 2.298,977
270,800 3,144,700 2,351,500
1,885,000 23,977,214 19,677,030
254,800 2,705,544 2,463,183
2,190,010 2,317,508 2,196,010
326,984
274,329
326,984
18,227
1,71<
21,544
673,998 7,585,195 6,916,302
330,692 3,556,779 3,293,503
6.825,808 7,087,571 6,825.808
278,86b
2,911,41b 2,620,647
122,250 1,525,162 1,388,524
59,000
Ala & Vicksburg. 1st wk Sep
33,000
Vicks Shr & Pac. 1st wk Sep
30,000
Ala Term & North. July
6,889
Atch Topeka & S Fe August
9,069,359
2d
wk Sep
Atlanta Blrtn & At!
44,549
Atlantic Coast Line July
2,148,065
8,550,060
August
g Baltimore & Ohio
B & O Ch Ter RH July
136,047
229,22Bangor & Aroostool August
6,683
Bellefonte Central.. July
Boston & Maine
July
3,751,230
5,224
Bridgeton & Saco R July
Buff Roch & Plttsb 3d wk Sep
218,433
June
Buffalo & Su3q
200,947
Canadian Northern. 3d wk Sep
282,300
3d wk Sep 2,029,000
Canadian Pacific
3d
wk
Central of Georgia.
249,400
Sep
Central of New Jer. July
2,317,508
Central Vermont
274,329
July
1,47Chattanooga South. •id w-c cser
Ches & Ohio Lines. 3d wk Sep
711,073
3d wk Sep
336,572
Chicago & Alton
Chic Burl & Quincy July
7,087,571
id
wk
.sei
313,104
j> Chic Great vVest.
Chlc Ind & Loulsv. 3d wk Sep
134,406
Chic Ind & Southern —See New York Cen tral.
Chic Mllw & St Paul July
5,341,536 5,210,458 5,341,536 5,210,458
Ch Mil & Pug Sd. July
1,142,072
1.142,072
Chic & North West. August
6,662,990 6,604,756 13,067,212 12,501,026
2,343,995
Chic St P M As Om. August
1,220,019
2,704,770
1,435,815
Cln Ham & Dayton August
902,307
820,450 1,706,745 1,575,499
Clev Cln Chic & St L —See New York Cen tral.
157,346
200,071
200,071
Colorado Midland. July
157,346
Colorado As South.. 3d wk Sep
329,944 3,803,710 3,581,445
345,285
June
766,021
78,526
747,861
71,213
Copper Range
Cornwall
27,990
15,17?
34,255
15,92V
August
39,111
39,111
36,883
Cornwall As Leban. July
36,883
233,440
162,429
Cuba Railroad
162,429
233,440
July
Delaware As Hudson July
1,586,137
1,607,011 1,586,137 1,607,011
Del Lack & West.. July
3,007,936 3,168,225 3,007,936 3,168,225
Denv As Rio Grande 3d wk Sep
502,300 5,777,526 5,455,316
517,500
271,507
2d wk Sep
Denver N W As
21,171
295,320
26,822
2d wk Sep
35,528
324,323
Det Tol As Iront
419,321
44,028
td wk Sep
430,059
37,854
442,683
Ann Arbor
41,176
281,329
25,146
285,606
Detroit As Macklna 3d wk Sep
25,082
Dul As Iron Range. July
1,195,053 1,354,306 1,195,053 1,354,306
814,206
3d wk Sep
77,071
870,123
70,295
l Paso As Sou Wesi August
582,850 1,187,023 1,189,084
602,064
Erie
5,328,526 4,559,734 10,003,780 8,839,283
August
4,199
3,624
1,839
Fairchild As Nor E. August
2,118
170,961
85,754
193,149
Fonda Johns As1
97,403
August
429,274
226,927
459,215
240,073
vugust
Georgia Railroad
Georgia South As Fla —See Sout hern Rail way.
10,140,447
3d
wk
933,213
9,935,887
Grand Trunk Syst
949,498
Sep
122,592 1,140,693 1,297,924
Grand Trk West. 2d wk Sep
123,225
406,635
42,824
362,550
2d wk Sep
43,800
419,415
41,969
372,875
2d wk Sep
43,336
5,849,354 5,557,912 11,641,816 10.872.850
August
155,930
155,930
151,726
Gulf As Ship Island. July
151,726
558,271
660,192
558,271
660,192
Hocking Valley
July
Illinois Central
5,143,726 4,870,027 9,855,296 9,200,888
August
209,000 1,960,379 1,760,030
Internat As Gt Nor 3d wk Sep
230,000
147,24-;
1,870,018 1,759,537
id wk Sei
a Interoceanic Mex
140,201
764,662
745,629
3d wk Sep
93,227
Iowa Central
82,150
266,196
213,994
213,994
Kanawha As Mich. July
266,196
756,58b
1,422,608
1,699,74?
854,280
August
174,029
34,140
197,684
35,125
K C Mex As Orient.. 1st wk Aug
3,137,999 2,926,370 6,014,216 5,680,769
August
35,852
35,852
40,985
40,985
July
Inc. 170, 403
Inc. 59, 725
August
Long Island
106,091
106,091
113,377
113,377
July
83.906
83,906
96,285
96,285
July
3d wk Sep 1,053,145 1,011,720 11,869,565 10,869,300
22,941
11,161
23,081
11,004
August
793,886
759,712
793,835
Maine Central
759,712
July
6,740
3,547
6,691
3i408
August
Manlstlque
69,069
76,837
37,376
42,822
Maryland As Penna. August
1,522,100
1st wk Sep
164,900
191,200
1,633,600
—See New York Cen tral.
Michigan Central
198,084
3d wk Sep
15,909
167,472
Mineral Range....
16,045
136,703 1,210,065 1,136,078
3d wk Sep
157,365
619,696 5,517,874 5,384,957
Minn St P & S S Ml 3d wk Sep
526,802
Chicago Division I
57,565
57,565
75,713
75,713
Mississippi Central. July
uMo Kan As Texas. August
2,221,798 2,179,360 4,362,278 4,093,223
Mo Pac As iron Mtl
3d wk Sep 1,147,000 1.082,000 12,202,106 11,746,199
910,984
929.664
910,984
929,664
July
a Nat Rys of Mex.L 3d wk Sep 1,194,110 1,091,627 14,026,90? 11,993,058
130,774
3d wk Sep
102,527
10,065
9,354
75,388
June
60,096
7,385
6,016
105,449
147,614
105,449
July
147,614
290,032
348,655
N O Mobile As Chic. Wk Sept 17
28,576
34,679
861,086
941,455
July
861,086
941,455
...
'
mm
mm
~
m.
...
_
.
gul Sou Shore As Atl
..
N Y N H As Hartf.. July
N Y C Ac Hud Rlv. July
Lake Shore Ac M S July
n Lake E Ac West July
Chic Ind Ac South July
e
Year.
5,269,634 5,070,151
7,955,195
...
...
8,328,471
4,029.89*
426,37*
246,50-.
2,511,882
2,376,081
268,617
101,752
1 528,576
293,333
888,970
462,975
...
21463441
...
__
...
...
Michigan Central. July
Cleve C C Ac St L_ July
Peoria & Eastern July
Cincinnati North. July
Pitts As LakcErlc July
Rutland
July
N Y Chic & St L. July
Tol Ac Ohio Cent. July
Tot all lines above July
N Y Susq Ac West.. August
Norfolk Southern._ July
Norfolk Ac Western. July
Northern Central.
August
Northern Pacific
July
Pacific Coast Co
July
July
Pennsylvania Co
d Penn—E of P As E August
d West of P Ac E. August
Pere Marquette.... August
Phlia Balt Ac Wash. August
Pitts Cln Ch Ac St L. August
Raleigh Ac Southport August
Company
Reading
Phlia As Reading- August
Coal Ac Iron Co
August
Total both cos
August
Rich Fred Ac Potom July
...
...
...
...
...
...
...
...
_
Inc.1,06
1,451,642
1,800,327
3,132,017
12,542
.
.
.
.
.
_.
..
_.
_.
_.
_.
July
August
3d wk
3d wk
3d wk
3d wk
Georgia So As Fla. 3d wk
Texas As Pacific.... 3d wk
Tidewater Ac West. August
Toledo Peor Ac West 3d wk
Toledo St L Ac West 3d wk
$
$
(44 roads)
(43 roads)....
(42 roads)....
1st week Aug .(43 roads)
2d week Aug (43 roads)..__
3d week Aug (42 roads)....
4th week Aug (39 roads)....
1st week Sept (41 roads)....
2d week Sept (39 roads)....
3d week Sept (40 roads)....
2d week July
3d week July
4th week July
....
12.546,427
10,966,342
12,802,686
17,393,199
12,874.219
13,330,857
11,432,364
16,076,649
11,968,289
13,462,769
19,342,788
13,436,925
13,898,196
14,164,775
12,132,599
12.283,880
16,765,742
12.381.354
13,014,025
13.566.355
Inc. or Dec.
Sep
$
3,400
1,352,633
1,510,927
2,772,596
11,915
Current
Year.
Previous
Year.
5,070,155
5,269,63/
8,328,471
7,955,195
4,029.893
3,938,349
426,371
390,677
268,229
246,501
2,266,661
2,511,883
2,297,705
2,376.081
268,617
239,794
101,751
88,331
1,449,479
1,528,576
280,507
293,333
833,807
888,970
340,815
462,97f
21,463,441 20,349,549
604,520
485,742
216,468
230,927
2,581,300
2,914,363
2,098,651 2,024,151
6,697,979
734,582
815,604
4,777,555 4,406,416
27,756,564 26,460,764
Inc.1,68 6,800 »
2,824,152 2,568,029
3,514,205 3,028,805
5,807,590 5,211,986
23,403
24,278
6,247,337
3,510,464 7,058,673 6,602,862
1,780,164 3,399,769 3,377,259
5,290,628 10,45,8442 9,980,122
184,727
184,727
193,453
881,528
1,047,041
84,041
115,351
145,211
5,619
5,977,132 11,410,219 11,393,734
142,088
142,088
141,222
3,254,905 3,343,663 3,254,905
853,130
909,994
853,130
191,254
225,044
191,254
4
4,299,288
478,701 4,299,288
1,439,046
144,953 1,974,244
231,185 2,593,826 2,312,610
749,083
749,083
626,820
344,923
362,372
149,759
104,328
11748658
11310745
Sep 1,176,186 1.149.417
201,685
195,338
Sep
168,875
182,507
Sep
69,162
82,961
Sep
45,284
43,578
Sep
307,069
287,696
Sep
7,197
6,524
23,373
27,698
Sep
89,552
85,477
Sep
7,405
6,404
8,479,474 7,948,614
820,338
721,915
100,518
111,433
3d wk Sep
606.469
Wabash
664,224
Western Maryland. July
635,116
545,057
W Jersey Ac Seash.. August
920,950
820,450
615,263
697,170
Wheeling Ac Lake L August
2 496
3,131
White River (Vt)_. June
19,573
20,061
Wrightsvllle Ac Tenn August
742,968
708,770
Yazoo Ac Miss Vail August
Tomblgbee Valley.. July
Union Pacific Syst August
Vandalla
July
Virginia Ac Sou West August
..
..
4,055,690
3,846,589
104,328
149,759
22,963,930 22,125,315
13,202,387 12,334,981
2,347,220 2,174,500
2,133,349 1,814,212
792,143
986,308
470,963
513.696
3,287,045 3,029,218
13,041
14,381
258,284
293,625
891,184
895.696
6,404
7,405
15,483,468
16,396,129
721,915
820,338
>202,633
202,887
6,942,229 6,662,541
545,057
635,11b
1,767,931 1,583,031
1,205,828
1,327,96b
_.
Bellefonte Central
Delaware Ac Hudson
Manlstlque
a
e
Mexican Railway
N Y Central Ac Hudson RiverLake Shore Ac Michigan South
« Lake Erie Ac Western
Chicago Indiana Ac Southern
Michigan Central
Cleve Cln Chicago Ac St Louis
_
Peoria Ac Eastern
Cincinnati Northern
Pittsburgh Ac Lake Erie
Rutland
New York Chicago Ac St Louis
Toledo Ac Ohio Central
Total all lines
...
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
11
1
Northern Central
d Penn—East of Plttsb Ac Erie.
d West of Plttsb Ac Erie
Phila Baltimore Ac Washington.
Plttsb Cln Chicago Ac St Louis._ •j an
Dec 1
Rio Grande Junction
Jan
Jan
Texas Ac Pacific
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
July
July
Aug
Sept
July
July
July
Jluy
July
July
July
July
July
July
July
July
July
*88,210
*35,356
1,380,388
1,386,898
Current
Year.
Period.
Various Fiscal Years.
%
+ 1,580,085 14.41
+ 1,370.322 11.99
+ 716,550 4.29
-4-905,930 7.94
9.87
+ 1,198.258
+ 1,178,889 9.00
+ 2,577,046 15.37
+ 1,055,571 8.52
+884,171 6.80
+ 598,420 4.41
20349549
14478 399 13544 998
.
3,689,908
1,900,105
5,590,013
193,453
June
89,886
Rio Grande June
11,905
Rio Grande South.. 3d wk Sep
6,099,280
Rock Island Lines.. August
St Jos Ac Grand Isl. July
141,222
3,343,663
St Louis Ac San Fran July
Chle As East Ill.. July
909,994
225,044
/ Evansv Ac Ter H July
4,478,701
Total of all lines. July
180,967
St L Rky Mt As Pac. June
250,010
St Louis Southwest. 3d wk Sep
San Ped L A As S L. July
626,820
Indiana
Pacific Co
Railway..
Ac Ohio
Cln N O Ac Tex P.
Ala Great South.
280,507
833,807
340,815
6,247,337 6,697,978
734,582
815,604
4,777,553 4.406.416
...
Southern
Southern
Southern
Mobile
1,449,471
1,126,836 1,048,836
.
...
Seaboard Air Line, i
Atlanta As Blrm. }• 3d wk
Florida W Shore j
3,938,341
390,67*.
268,221
2,266,661
2,297,701
239.784
88,331
241,233
309,716
216.468
230,927
2,014,363 2,581,300
.
...
AGGREGATES OF GROSS EARNINGS—Weekly and
Cur’nt Year Prev's Year
Previous
Year.
Curren'
Week or
Month.
ROADS.
West Jersey Ac Seashore
Weekly Summaries.
July 1 to Latest Date.
Latest Gross Earnings.
July 1 to Latest Date.
31
$33,442
$45,957
31 11,242,264 10,883,504
31
28,417
28,005
7
31
31
31
31
31
31
31
31
31
31
31
31
31
Aug 31
Aug 31
Aug 31
Aug 31
Aug 31
June 30
Sept 21
Aug 31
5,836,400 5,243,000
55,299,277 50.528,966
27,743,020 24,183,458
2,997,250 2,558,019
2,172,263 1,694,912
16,499,286 14,857,031
16,557,349 14,805,728
1,860,375 1,576,146
612,962
691,718
9,812,195 7,232,121
1,709,676 1,650,562
6,338,493
2,628,601
144369572
8,289,045
108180 513
237,560
204,596
July
August
221,164
81,879
7,735,145
96,603,813
Inc.11, 066,600
12,596,616 11,494,016
22,599,201 18,802,086
497,889
555.817
10,717,721 9,647,386
4,367,883 3,981,483
Current
Yr. Previous Y
.
$
$
Mileage Curr.Yr. Prev.Yr.
November ..236,374
230,650 247,370,954 211,281,504
205,155,121
December ..237,189
231,699 222,006,184
January
236,758 231,382 210,302,219 182,649,825
February __236,852
231,652 202,258,490 174,159,723
March
230,841 237.533,005 204,916,997
235,925
237,569 232,463 225,225,596 195,593,911
April
June
5,505,281
1,970,351
127175537
Monthly.
Monthly Summaries.
May
Previous
Year.
232,494
200,901
Inc. or Dec.
%
$
+36 089,45017.08
+
16,551,06308.05
+ 27,652,39415.14
+ 28,098,76716.15
+ 32,616,00815.92
+ 28.629,68514.56
234,310,042 201,069,381 + 33,241,26116.53
208,364,918 184,799,806 + 23,565.11212.21
217,466 217,202,265 205,879,959 +11,322,306 5.50
+ 5.600,104 9.90
78,874 62,005,137 56,405,033
e Includes the New York Ac Ottawa, the St. Lawrence Ac Adirondack and the Ottawa A
Canadian road, does not make returns to the Inter-State Commerce Commission,
r Includes »van3vllle A
Indiana HR.
V Includes earnings of MasonOUy
a Includes the Cleveland Lorain A Wheeling Ry. In both years,
n Includes the Northern Ohio RR.
t In«
A Ft Dodge and Wise Minn. A Pacific,
s Includes Louisville Ac Atlantic from July l 1909 and the Frankfort A Cincinnati from Nov- 1 1909.
u Includes theJTexas Central in 1910.
dudes the Mexican International from July 1910.
a
Mexican currency,
N. Y. Ry., the latter of
/
d Covers lines directly operated,
which, being
a
863
f
THE CHRONICLE
(VOL.
Latest Gross Earnings by Weeks.—In the table which fol¬
lows
we sum
up
September.
separately the earnings for the third week of
The table covers 40 roads and shows 4.41%
increase in the aggregate over the same week last year.
Third week of September.
1910.
Alabama Great Southern
Ann
Arbor
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific
Central of Georgia,
Chattanooga Southern
Chesapeake & Ohio Lines
Chicago & Alton
Chicago Great Western
Chicago Ind & Louisville.
Cine New Orl & Texas Pacific.
Colorado & Southern
Denver & Rio Grande
Detroit & Mackinac
Duluth South Shore & Atlantic.
_
Georgia Southern & Fla
Grand Trunk of Canada
Grand Trunk Western
Det Grand Haven & Milw..
Canada Atlantic
j
International & Great Northern
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
Mineral Range
Minneapolis & St- Louis
Minneapolis St Paul & SSM..1
Chicago Division
Missouri Pacific—
Mobile & Ohio
National Railways of Mexico.
Nevada-California-Oregon
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western
Wabash
Total (40 roads)
Net increase (4.41%).
Increase. Decrease.
1909.
$
82,961
41,176
218,433
282,300
2,029,000
249,400
1,474
711,073
336,572
313,104
134,406
182,507
345,285
517,500
25,082
70,295
45,284
$
69,162
37,854
196,960
270.800
1,885,000
254.800
1,716
673,999
330,692
278,860
122,250
168,875
329,944
502,300
25,146
77,071
43,578
5
13,799
3,322
21,473
11,500
144,000
5,400
242
37,074
5,880
34,244
12,156
13,632
15,341
15,200
16,285
230,000
140,202
82,150
1,053,145
16,045
157,365
526,802
209,000
147,244
93,227
1,011,720
15,909
136,703
619.696
21,000
1,147,000
201,685
1,194,110
9,354
11,905
250,010
344,923
1,176,186
307,069
27,698
89,552
664,224
1,082,000
195,338
1,091,627
10,065
5,619
231,183
362,372
1,149,417
287.696
23,373
85,477
606,469
65,000
6,347
102,483
14,164,775 13,566,355
740,075
598,420
Roads.
$
$
661,114
1,323,127
305,425
585,300
170,726
340,227
Tidewater & Western.b.Aug
7,197
6,524
July 1 to Aug 31
14,381
13,041
Union Pacific.a
Aug 8,479,474 7,948,614
July 1 to Aug 31
.16,396,129 15,483,468
West Jersey & Seashore.Aug
920,950
820,450
Jan 1 to Aug 31
4,367,883
3.981,483
&
Wrightsville
Tenn.b.Aug
z20,061
219,573
July 1 to Aug 31
^38,120
235,356
Gross Earnings—
Current
Previous
Year.
Year.
Companies.
3
American
371,567
663,826
124,138
212,122
43,086
83,009
1,091
1,994
3,726,146
7,111,343
430,461
1,067,855
5,784
9,284
*
234,36#
473,39#
83,107
154,451
43,311
83,29#
837
2,304
4,154,205
7,969,321
417,661
1,117,955
4,274
5,632
7,042
11,077
41,425
136
20,662
92,894
Net Earnings
Current
Previous
Year.
Year.
3
$
Express Co.b. June 1,801,346
July 1 to June 30
Atlantic Gulf & West Indies
SS Lines—
1,462,696
19,821,413 17,288,693
246,490
2,871,201
$
438,932
2,448,043
Subsidiary companies.July 1,343,152
296,547
Jan 1 to July 31
9,495,158
2,031,096
Bangor & Aroostook
Aug
93,845
84,632
def9,056
22,348
July 1 to Aug 31
187.304
164,883
def26,521
36,520
Cumberld Tel&TelCo b Aug
571,856
522,544
249,365
221,564
Jan 1 to Aug 31
4,503,420
4,224,300
1,9;3.303
1,804,792
Georgia RR
Aug
118,149
60,068 xdef76‘,488
zdef6,310
July 1 to Aug 31
185,233
120,256zdef 107,796 £def31,099
United States Express.bJune
859,173
724,418
96,495
112,723
July 1 to June 30
9,381,667
8,986,542
540,247
673,064
Wells Fargo Express.b.June 1,104,748
1,233,653
228,714
309,667
July 1 to June 30
14,385,930 13,099,824
3,205,412
3,325,772
...
711
6,286
18,827
17,449
26,769
19,373
4,325
4,075
57.755
Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
August 1910 net from outside operations was $7,411, against $7,64*
last year, and from July 1 to Aug. 31 was $14,361 this year,
against $14,395.
0 These results are in Mexican currency.
j The company now Includes the earnings of the Atch. Top. & Santa F*
Ry., Gulf Colo. & Santa Fe Ry., Eastern Ry. of New Mexico System.
Santa Fe Prescott & Phoenix Ry., Southern Kansas Ry. of
Texas, Texa*
& Gulf Ry., G. & I. Ry. of T. and C. S. S. & L. V. RR. In both
years.
For Aug. taxes amounted to $320,489, against $277,118 in 1909;
after de¬
ducting which, net for Aug. 1910 was $3,194,422, against $3,469,937 laat
year.
For period from July 1 to Aug. 31 taxes were $640,788 in 1910.
against $555,914 in 1909.
z Includes $65 other Income for Aug. 1910,
against $48 in 1909, and fr»a
July 1 to Aug. 31 Includes $140 this year, against $111 in 1909.
a
<* In
141,655
Net Earnings Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
and of industrial companies reported this week:
-Gross EamingsCurrent
Previous
Year
Year.
$
$
*
Net Earnings
Current
Previous
Year.
Year.
'
6,776
1,706
933,213
Previous
Year.
INDUSTRIAL COMPANIES.
j
_
Roads.
Earnings—
Southern Railway (Concl.)—
Cine New Orl & T P b.Aug
834,605
July 1 to Aug 31
1,577,758
Alabama Gt South .b.Aug
386,658
July 1 to Aug 31
740,021
Ga Southern & Fla. b.Aug
191,791
July 1 to Aug 31
383,781
64
949,498
—Gsoss
Current
Year.
LXXXJLi.
-Net EamingsCurrent
Previous
Year.
Year.
$
$
Atch Top & Santa Fe.b.Aug 9,069,359
8,956,839 J3,514,911 #1,747,055
July 1 to Aug 31.
17,090,898 16,702,111 .76,281,411 #>,460,667
Atlantic Coast Llne.a
Aug 2,069,750
1,794,563
427,156
296,003
July 1 to Aug 31
4,217,814 3,657,603
894,571
673,239
Bangor & Aroostook_b._ Aug
229,224
226,092
67,681
95,429
443,384
July 1 to Aug 31
445,135
124,152
177.321
Buffalo Roch & Pitts.b-Aug
888,775
815,208
349,815
321,744
July 1 to Aug 31
1,647,679
1,611,793
624,679
669.321
Canadian Northern
Aug 1,093,000
807,100
263,000
204,400
July 1 to Aug 31..'
2,318,100
1,650,600
611,200
434,000
Canadian Pacific.a
Aug 9,255,331
7,426,985
3,691,672
2,964,058
July 1 to Aug 31
18,124,545 14,567,015
7,176,291
5,443.929
Central of Georgia .a
983,826
Aug
867,745
<*206,423
<*204,728
July 1 to Aug 31
1,991,844
1,740,683
<*464,553
<*383,727
Colorado & Southern.b-Aug 1,483,650
1,372,058
503,430
531,943
July 1 to Aug 31
2,826,895 2,651,867
882,453
978,896
Cornwall _b
Aug
15,927
15,117
7,200
7,605
July 1 to Aug 31
34,255
27,990
16,483
13,688
Detroit & Mackinac.a--Aug
108,318
106,076
34,704
26,682
July 1 to Aug 31
213,615
208,601
68,338
53,261
Erie.a
Aug 5,328,526 4,559,734
1,798,315
1,286,239
July 1 to Aug 31
-.10,003,780
8,839,283
3,185,724
2,404,095
Fonda Johnst & Glov.a.Aug
97,403
85,754
57,961
50,801
July 1 to Aug 31...
193,149
170,961
113.099
101,412
Georgia RR.b
Aug
240,673
226,927
33,108
44,915
July 1 to Aug 31
459,215
429,274
59,813
71,812
0 Interoceanic of Mexlco.Aug
752,549
646,587
299,859
192,462
July 1 to Aug 31
1,462,692
1,326,466
558,670
412,696
Kansas City Southern. b. Aug
854,280
756,580
328,075
260,791
July 1 to Aug 31
1,699,747
1,422,608
620,128
446,685
Long Island
Inc 59,725
Aug
Dec 52,078
Jan 1 to Aug 31
Inc 582,524
Inc 23,536
g Mexico North West_a. Aug
206,542
93,260
113,603
30,321
Jan 1 to Aug 31
1,440,772
802,959
807,981
246,791
g National Rys of Mex__Aug 5,188,788
4,507,960
2,132,376
1,784,493
July 1 to Aug 31
10,465,136
8,990,252
4,260,759
3,564,484
N Y Susq & Western_a--Augi£ 309,716
241,233
73,808
50,698
July 1 to Aug 31
604,520
485,742
153,535
119,552
Northern Central
Aug 1,126,836
1,048,836
251,176
240,876
Jan 1 to Aug 31
8,289,045 7,735,145
1,480,492
1,442,592
.
Interest
Charges and Surplus.
Int., Rentals, &c.
Current
Year.
Roads.
Previous
Year.
8
$
Buffalo Roch & Pitts.
-Aug
176,145
354,331
167,012
329,082
273,904
526,320
Reading Company
885,000
..Aug
July 1 to Aug 31.
1,770,000
253,552
506,810
899,971
1,799,942
_
July 1 to Aug 31
Colorado & Southern.. -Aug
July 1 to Aug 31.
—
—
Bal. of Net Earns.Current
Previous
Year.
ear.
$
£243,544
£424,125
$
£180,78#
£241,470
£376,235
£390,38#
£333,294
£541,262
330,002
556,141
389,600
635,89#
INDUSTRIAL COMPANIES.
—Int., Rentals, die.—
Companies.
Current
Year.
Previous
Year.
$
$
—Bal. of NetEams.—
Current
Previous
Year.
Year.
$
$
Atlantic Gulf & West Indies
SS Lines—
Subsidiary companies. July
164,760
Jan 1 to July 31
1,168,338
Cumberld Tel&TelCo
Aug
49,603
Jan 1 to Aug 31
385,937
— ...
41,938
338,935
...
£
After allowing
131,787
862,758
199,762
1,557,366
179,626
1,465,857
for other Income received.
-
ELECTRIC
RAILWAY
AND
Latest Gross
Name of
Road.
Week or
Month.
Phlla Balto & Wash
Jan 1 to Aug 31
Aug 1,800,327
12,596,616
Raleigh & Southport-b-Aug
12,542
July 1 to Aug 31
24,278
Reading Company—
Phila & Reading.b
Aug 3,689,908
July 1 to Aug 31
7,058,673
Coal & Iron Co.b
Aug 1,900,105
July 1 to Aug 31
3,399,769
Total both cos.b
Aug 5,590,013
July 1 to Aug 31
10,458,442
Reading Company
Aug
July 1 to Aug 31
Total all companies
Aug
July 1 to Aug 31
Rock Island Lines_b
Aug 6,099,280
July 1 to Aug 31
11,410,219
Southern Pacific.a
Aug 11,748,658
July 1 to Aug 31
.22,963,930
Southern Railway.b— ..Aug 5,034,457
July 1 to Aug 31
9,814,109
Mobile & Ohlo.b
Aug
919,231
July 1 to Aug 81
1,756,412
1,510,927
11,494,016
11,915
23,403
3,510,464
6,602.862
498,926
393,326
2,894,420
2,570,120
3,793
6,447
1,218,605
2,392,678
1,780,164 defl47,450
3,377,259 def355,660
5,290,628
1,071,155
9,980,122
2,037,018
143,847
289,123
1,215,002
2,326,141
5,977,132
1,755,547
11.393,734
3,123,819
11,310,745
4,312,258
22,125,315 8,209,719
4,640,736
1,664,175
9,001,233
3,049,730
821,856
287,268
1,605,423
478,554
4,143
8,151
1,203,638
2,298,639
def61,926
defl56,166
1,141,712
2,142,474
147,859
293,367
1,289,571
2,435,841
2,148,822
3,905,707
4,480,403
8,479,856
1,555,364
2,930,799
253,016
494,883
Earnings.
Current
Year.
*
_
East of Pltts& Erie—Aug 14,478,399 13,544,999
4,312,470 4,679,070
Jan 1 to Aug 31
108,180,513 96,603,813 28,645,524 27,135,024
West of Pltts]& Erie. _Aug
Inc 1 ,063,400
Inc
97.400
Jan 1 to Aug 31
Inc 11, ,066,600
Inc 1,249,000
TRACTION
American Rys Co.
cAur Elgin & Chic
Bangor tty & Klee
Baton Rouge Elec
_
Ry
Co
Co
Binghamton St Ky._
Blrm’ham Ry Lt & P
Brockton & PlyStRy
Cape Breton Elec Co.
Carolina Pow & Lt Co
Central Penn Trac—
Chattanooga Ry & Lt
August
58,06;
July
July
July
July
July
August
August
August
August
July
9,708
37,330
216,505
16,658
28,876
16,688
78,790
77,085
40,275
117,270
177,087
101,983
215,316
49,351
56,696
8,351
34,910
183,187
18,022
26,616
17,159
70,031
67,798
36,388
103,340
164,755
92,235
177,210
46,362
42,864
July
July
August
Wk Sept 25
133,796
122,097
111,814
41,451
123,547
109,747
99,838
37,628
June
37,866
30,036
506,907
46,905
621,929
139,806
407,973
114,778
398,828
146,038
487,436
263,149
125,943
185,388
196,898
53,861
34,689
30,653
437,484
39,300
591,111
130,993
374,680
106,994
355,230
138,195
470,530
231,062
109,212
162,425
180,227
37,533
19,152
23,461
429,276
wk
Sep
East St Louis & Sub. August
E1 Paso Electric
July
Fairm & Clarks Tr Co August
Ft Wayne & Wabash
Houghton Co Trac Co July
Illinois Traction Co._ July
Jacksonvllle Elect Co July
Kans City Ry & Lt Co August
Lake Shore Elec Ry. August
Milw El Ry & Lt Co. August
Milw Lt Ht & Tr Co. August
Montreal Street Ry._ August
Nashville Ry & Light August
New Orleans Ry & Lt August
North Ohio Trac & Lt August
North Texas Elec Co. July
Northwest Elev Co_. August
Norf & Portsm Tr Co July
Oklahoma City Ry__ May
Paducah Tr & Lt Co. July
Pensacola Electric Co July
Port(Ore)Ry,L&P Co August
—
...
21,577
24,235
479,944
Jan. 1 to latest date.
Current
Year.
Previous
Year.
*
362,675
182,387
Duluth-Superior TrCo August
& Land Co
Year.
August
July
Cleve Painesv & East
Dallas Electric Corp.
Detroit United Ry— 2d
Valley Traction Co
Galv-Hous Elect Co.
Grand Rapids Ry Co.
Havana Electric Ry.
Honolulu Rapid Tran
Previous
COMPANIES.
347,955
167,614
57,595
2,589,261
921.158
367,377
2,391,526
845,567
61,791
343,166
53,819
1,496,110
1,276,482
66,098
157,451
136,945
554,910
573,925
235,734
799,552
6.552.504
717,157
1,545,513
358,589
383,960
857,415
731,227
755,642
73,158
135,345
123,773
501.768
506,979
210,844
710,929
5,574,087
636,384
1,304,677
329,927
298,746
772,202
682,473
678,396
1,583,940
1,474,346
221,557
181,031
3,351,404
3,054,818
698,078
2,863.033
1,178,539
4,135,528
1.612.504
803,563
1,460,334
197,684
180.768
2,952,751
273,430
4,470,524
726,855
2,747,439
606,308
2,557,704
1,110,785
3,978,£30
1,432,015
695,868
1,354,267
227,916
149,144
152",023
140,196
3,126,870
330,376
4,867,429
798,655
3,616,280
OCX. 1
THE CHRONICLE
1910.]
Previous
Current
Year.
Week or
Month.
OPERATING STATISTICS.
Jan. 1 to latest date.
Ixitest Gross Earnings.
Name of
Road.
863
Year.
Current
Year.
Previous
Year.
Average miles operated
Equipment—
Passenger cars
Freight cars
Work equipment
Operations—
1909-10.
4,551
1,272
Locomotives
Puget Sound Elec Co. July
Rio de Janeiro Tram
Light & Power Co. August
Joseph (Mo) Ry Lt
Heat & Power Co.
Sao Paulo Tr Lt <Sc P.
Savannah Electric Co
Seattle Electric Co
Sou Wisconsin Ry Co
Tampa Electric Co._
Toledo Rys & Light.
Toronto Railway Co.
Twin City Rap Tran.
—
$
182,986
$
184,531
$
1,110,740
$
1,036,548
1027,931
673,220
6,381,840
4,964,764
St
-
.
Underground
August
89,773
258,704
59,140
459,059
17,103
51,507
239,621
380,934
146,769
...
Aiigust
July
July
August
July
July
August
3d
wk
Sep
90,524
193,203
55,812
592,587
14,430
47,172
226,565
333,223
136,286
674,715
634,522
1,889,744
359,715
1,575,775
348,364
119,290
363,890
1,700,500
2,767,358
5,420,472
'106,938
340,678
1,528.054
2,477,310
4,990,684
£12,270
£10,480
£6,854
232,494
618,635
32,660
£12,085
£9,739
£6,564
219,083
621,753
34,485
£482,360
£405,990
£244,491
1,895,832
4,373,496
233,039
£476,285
£370,615
£234,740
1,792,412
4,190,658
223,514
figures are for consolidated company.
Electric Railway Net Earnings.—The following table gives
the returns of ELECTRIC railway gross and net earnings
A full detailed statement, including all
reported this week.
be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept. 24 1910.
The
next will appear in the issue of Oct. 29 1910.
roads from which
monthly returns
can
G'Oss Earnings—
Previous
Current
Year.
Year.
Roads.
Net Earnings
Current
Year.
Previous
Year.
$
$
$
$
78,790
554,910
70,031
501,768
23,089
158,810
18,385
127,173
40,275
Jan 1 to Aug 31.
235,734
899,014
Detroit United Ry.b.-.Aug
Jan 1 to Aug 31
6,181,680
101,983
Duluth-Superior Tr Co.bAug
Jan 1 to Aug 31
717,157
•
133,796
Ft W & Wab Vall.b
July
857,415
Jan 1 to July 31
111,814
Grand Rapids Ry Co.b-Aug
Jan 1 to Aug 31
755,642
36,389
210,844
801,100
5,211,613
20,090
106,542
294,098
1,986,932
92,235
636,384
22,157
121,460
311,151
2,236,307
49,401
306,560
123,547
772,202
60,446
367,924
51,162
308,982
99,838
678,396
62,070
391,855
57,381
358,634
139.896
798,655
130,993
726,855
79,934
379,911
75,171
337,006
146,038
Nashville Ry & Lt.a—Aug
Jan 1 to Aug 31
1,178,539
138,195
1,110,785
58,290
490,068
54,672
448,099
487,436
Light
Aug
4,135,528
Aug 31
Norf & Portsmouth.b..July
196,898
470,530
3,978,930
180,227
673,220
4,964,764
193,203
1,575,775
333,223
2,477,310
219,083
.1,792,412
Central Penna Trac Co.-Aug
Jan 1 to Aug 31
Clev Painesv & East .a.-Aug
—
Lake Shore Elect Ry.a.Aug
Jan 1 to Aug 31
New Orl Ry &
Jan 1 to
Rio de Jan Tr, Lt & P
Aug 1,027,931
6,381,840
258,704
a Aug
1,889,744
380,934
Aug
2,767,358
Un Ry G & El (Ill) b...Aug
232,494
1,895,832
Jan 1 to Aug 31
1
a
Aug 31
Sao Paulo Tram, L&P
Jan 1 to Aug 31
Toronto Railway Co
Jan 1 to Aug 31
to
194,976
1,888,810
89,845
532,1023,073,472
165,334
1,203,763
197,076
1.333,977
107,981
827,800
79,064
284,255
1,945,247
115,593
983,311
174,667
1,211,246
101,852
878,289
Interest Charges and Surplus.
Clev Painesv & East
Jan 1 to Aug 31
Aug
9,096
71,096
Detroit United Ry
Aug
178,463
1,332,318
Duluth Superior Tr Co. _ Aug
Jan 1 to Aug 31
c20,936
C157.647
45,216
314,596
19,958
158,984
34,719
278,080
33,390
268,866
176,234
1,412,534
66,576
66,209
526,474
Aug 31
Ft Wayne & Wab Val-.July
Jan 1 to July 31
Grand Rapids Ry Co
Jan 1 to Aug 31
Aug
Lake Sh Elec
Jan 1 to
Ry
Aug
Aug 31
Nashv Ry & Light Co..Aug
Jan 1 to Aug 3R
New Orl Ry & Light
Aug
Jan 1 to Aug 31.
Norfolk &Portsmouth__July
Union Ry. G & El (Ill)
Aug
Jan 1 to Aug 31.:
_.
__
Year.
840
60,485
2,466
1908-09.
1907-08.
38,777,758
12,284,520
6,822,443
4,545,340
$
36,003,897
11,267,472
6,400,967
3,473,176
$
35,357,811
11,343,843
6,128,772
5,166,301
62,430,061
57,145,512
57,996,727
Maintenance of way and structures._
Maintenance of equipment
Traffic expenses
7,607,891
13,502,250
1,246,382
6,196,287
11,265,627
1,177,356
6,568,065
9,456,284
1,206,276
Transportation expenses
19.734,911
1,229,297
18,617,942
1,158,427
19,460,420
1,250,202
2,524,898
2,276,969
2,190,173
1909-10.
Freight
Passenger
Mall, express and miscellaneous
Rent of tracks, hire of equip., &c
11,762
3,9722
£148,002
162,998
1,251,383 xl,006,052
C18.417
28,465
148,919
C147.333
15,230
44,614
53,328
293,661
42,112
19,035
232,871
151,812
45,215
33,853
101,831
274,289
24,900
33,023
262,259
221,202
18,742
172,543
476,276
1,380,566
63,351
23,269
41,772
68,914
521,685 i 301,326
£143,793
£831,991
After
allowing for other Income received,
preferred stock.
c
Includes
operating Income
General expenses
Rent of tracks, hire of
Taxes
equip., &c
3,796,511
...
2,988,675
49,642,140
12,787,921
3,892,743
43,681,282
13,464.230
3,825,008
44,579,598
13,417,129
2,310,523
Gross corporate income
Deduct—
Interest on bonds
Int. on Tenn. Cent, prior lien
Rental of controlled lines
Dividends (7%)
16,680,664
17,289,238
15,727,652
5,969,860
5,703,193
2,877,606
7,650,720
3,451,908
7,650,720
232.267
4,569,860
53,520
3,155,875
6,652,800
1,046,963
16,498,186
17,038,088
251,149
15,479,018
248,634
bonds.
_
Replacement of equipment
Total deductions..
Balance, surplus
—V. 91, p. 397.
182,478
Hocking Valley Railway.
(Report for Fiscal Year ending June 30 1910.)
The remarks of President Geo. W. Stevens and Chairman
Frank Trumbull from the annual report, and also the bal¬
ance sheet, will be found in full on subsequent pages.
Com¬
parative earnings and balance sheet and various operating
statistics of interest follows
OPERATIONS AND FISCAL RESULTS.
1909-10.
Miles
operated June 30
Operations—
Passengers carried
Passengers carried one mile
Average receipts per pass, per
Tons freight carried
mile..
1908-09.
-350
347
1907-08.
347
2,382,769
49,324,505
2,629,168
50,730,738
2,666,652
51,374,612
1.76 cts.
1.64 cts.
1.63 cts.
11,191,476
8,034,510
7,920,140
freight carried one mile
1,405,193,759 996,925,226 929,267,019
0.485 cts.
0.514 cts.
Average receipts per ton per mile
0.458 cts.
588
594
Average train-load (tons)
649
Earnings per passenger train mile
$1.13
$1.15
$1.21
Earnings per freight train mile
$2.85
$2.97
$3.06
Earnings—
$
$
$
Coal
1 6,430,798
(2,601,795
2,534,007
Freight
j
2,245,678
\2,230,014
Passenger
869,102
829,911
-_u
837,326
Mail
41,346
41,397
41,037
Tons
Exoress
Miscellaneous
73,715
154,369
60,543
19,387
107,335
6,548
15,321
38,346
206,822
41.318
Total
Per cent of expenses to
Net earnings
Taxes
15,713
32,938
356,604
dividend
on
5,878,414
5,841,763
779,465
674,229
1,216,160
90,310
1,796,842
148,543
759,651
1,308,363
85,424
1,796,244
133,526
(61.5)
2,915,049
287,469
3,926,084
(66.8)
1,952,330
235,738
4,083,209
(69.9)
1,758,554
224,667
2,627,580
1,716,592
1,533,887
1909-10.
$
2,627,580
*1,090,989
1908-09.
$
1,716,592
1,008,995
1907-08.
$
1,533,887
1,019,926
3,718,569
2,725,587
2,553,813
908,165
119,270
84,896
915,810
140,710
86,470
1,392,223
89,296
2,151,156
242,140
4,654,281
earnings....
•
Operating Income
INCOME ACCOUNT.
21,649
185,840
11,243
394,537
7,569,330
Expenses—
Maintenance of way, &c
Maintenance of equipment
Traffic expenses
Transportation expenses.
General
62,717
Recei pts-
Total income
Deduct—
Interest on funded debt
Interest on equipment obligations
Other interest
Net deficit of subsidiary companies.
Rents paid
Miscellaneous
Dividends on common stock (4%)__
Dividends on preferred stock
Betterments to property
.
ANNUAL REPORTS.
Annual Reports.—An index to annual reports of steam
railroads, street railways and miscellaneous companies which
have been published during the preceding month will be
given on the last Saturday of each month. This index will
not include reports in the issue of the “Chronicle” in which
it is published.
The latest index will be found in the issue
of Sept. 24.
The next will appear in that of Oct. 29.
66,473
66,607
440,000
£533,028
101,754
440,000
(4)600,000
79,655
907,057
149,816
3,811
54,810
68,637
5,000
440,000
(4)600,000
101,754
p£J
(Report for Fiscal Year ending June 30 1910.)
The full text of the remarks of President Harahan is
given
subsequent pages; also the detailed operating income and
for two years and income account for the late year,
comparative balance sheet for two years and numerous tables,
including comparative traffic and operating results, details of
expenditures for additions and betterments during the fiscal
year, &c.
Below we give comparative operating statistics and income account for three years:
Total deductions
Balance, surplus
2,253,586
2,329,253
396,334
2,330,885
222,928
*
Includes
the year.
x
1,464,983
$304,098 interest
on
securities owned which
were
sold during
Includes dividend in full to date of retirement of preferred stock,
called for payment
April 30 1910.
See report
on a
subsequent
page.
BALANCE SHEET JUNE 30.
[Owing to change in form of balance sheet, comparisons with many items
Illinois Central Railroad.
expenses
58,768
124,947
114,754*
_
on
4,448,178
Total expenses and taxes
Net operating revenue
Income from Investments, &c
Total
$
13,061
50,364
8,328
66,820
$
Year.
$
$
$
x
—Bal. of Net Earns.—
Current
Previous
—Int., Rentals, Ac.—
Current
Previous
Year.
Year.
Roads.
to
1,273
832
'
Revenues—
183,786
1,775,103
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
1
1,267
60,761
2,319
.
37,804
254,668
a
Jan
1907-08.
4,420
Revenue passengers carried
—
25,244,516 22,666,383 23,357,184
Revenue passengers carried one mile.650,346,651 591,733,048 591,860,642
1.836 cts
1.857 cts.
Rate per passenger per mile
1.827 cts
Revenue freight (tons)
27,588,277 24,876,666 25,047,062
6042796,782
6038541,933
Revenue freight one mile (tons)
6579292,932
0.596 cts.
0.586 Cts.
Rate per ton per mile
0.589 cts.
$1 13
Earnings per passenger train mile
$1 13
$1 13
$2 06
$2 12
Earnings per freight train mile—$2 15
$13,120
$12,567
Operating revenues per mile
$13,719
Gross
Jan
2,334
4,547
INCOME ACCOUNT.
UnlonRy,G&KCo(Ill> Aiigust
United RRs of San Fr July
Whatcom Co Ry & Lt July
These
854
59,962
El Ry
of London—
Three tube lines— Wk Sept 24
Metropolitan Dist. Wk Sept 24
United Tramways. Wk Sept 24
c
1908-09.
in earlier years are inaccurate.]
1909.
Assets—
1910.
Road and equipment
a$36,967,574 $36,675,552
Kansas & Missouri equipment notes! 64,807,908 /
550,000
Securities owned
]
113,271,560
Cash reserved for equip, obligations.
163,924
Materials and supplies
440,906
494,501
Advances to subsid. & controlled cos.
100,000
1,790,494
Cash
1,224,923
414,017
Loans and bills receivable
210,000
2,750,000
Agents, traffic bals. and miscellaneous
Sinking fund—
Other deferred debit items—:
Total
1,238,895
783,396
989,197
5,891
55,743
3,338
1908.
$36,613,3
550,0i
12,871,7'
368,5i
592, li
1,848,4;
624,4
2,075,0
1,016,6
$45,882,940 $57,054,881 $56,562,788
THE CHRONICLE
864
1910.
1908.
1909.
---
c828,655
343,770
6,097,662
Approoriated surplus
a^Front
and loss
Total.
4,513,259
4,709,982
..$45,882,940 $57,054,881 $56,562,788
___
a Road and equloment in 1910 is stated after deducting $585,981 reserved
for accrued depreciation of equipment,
b Includes stocks ($308,089) and
bonds
($300,000) o* proprietary, affiliated and controlled companies
pledged; miscellaneous investments—securities—pledged, $1,479,718; se¬
curities in treasury—unpledged—stocks, $101, and bonds, $2,720,000.
c Appropriated surplus Includes additions to property through income since
June 30 1907, $181,409, and reserve invested in sinking fund, $162,361.
—V. 91, p. 154.
gross
revenue
Increased
$2,039,278,
or
about
the preceding fiscal year, all classes of traffic showing an in¬
crease except anthracite.
There was an Increase in operatlngexpenses of
$1,056,941, or 7.46%. The average revenue tonnage per train mile was
519.5 tons, an Increase of 2.4 tons.
53.36% of the total operating expenses.
Including outside operations, was paid direct to labor, as compared with
52.22% for the previous year.
The large Increases in wages during the
latter part of the fiscal year will not show their effect in operating expenses
over
until the next fiscal year.
The “Income from investments”
was
$4,414,346 (contrasting with
$1 ,152,756 for the previous year), this amount Includes profit on sale of
stock [par value $1,560,000, leaving only $40,000 thereof in the treas¬
ury.—Ed.] of the Lehigh Valley RR. Co.; and two [semi-annual] dividends
of 6H% each] on the [company’s holdings of $8,491,150 of the $9,212,500]
stock of the Lehigh & Wilkes-Barre Coal Co., the first ever paid by that co.;
also income from miscellaneous, $324,272.
The Income account for the year shows a surplus after all charges,
$9,103,899, which has been disposed of as follows: Dividends [aggregating
Supplies and materials
Cash
Reserve for new equip., add’ns &
Due from agents
Due from railroads, &e
Miscellaneous accounts
Loans and bills receivable
also two special dlv dmds of 2% each paid Dec. 15 1909 and June 25 1910
from the aforesaid dividends of the Lehigh & Wilkes-Barre Coal Co.—Ed.],
$3,292,416; reserve for new equipment, additions and betterments, $4,000,000; transferred tj credit of profit and loss, $1,811,483.
«
Funded Debt.—Equipment bonds were retired during the year to a total
of $1,210,000.
Of the $50,000,000 general mortgage 5s, $45,091,000 have
been Issued, leaving a balance unissued of $4,909,000.
Balance Sheet.—Tte Inter-State Commerce Commission directed that
additions and betterments charged to Income since June 30 1907 should be
shown as a property asset on the balance sheet.
The amount charged Is
$5,337,170 and to prevent a misleading Increase of surplus by reason of this
order, we have made the following entry on the credit side of the balance
sheet: “appropriated surplus—expenditures on property through Income
since June 30 1907, and charged as an asset.”
Additions and Betterments.—The expenditures made and charged against
additions and betterment fund provided out of the surplus of previous
years aggregated $3,615,179, notably: sidings and yards, $322,906; sta¬
tions, shoi s and turn-tables, $184,886; rolling equipment, $2,675,773.
The sum of $4,000,000 out of the surplus for the current year has been
appropriated as a fund for additions and betterments to cover In part the
cost of
proposed reconstruction and elevation of drawbridges over the
Hackensack and Passaic rivers, and of the approaches thereto, new piers
at Jersey City, new equipment which Is building at the company’s
shops
and contracted for. Installation of Interlocking systems at various points,
new engine.terminals (Ashley and Scranton), construction of new signal
bridges, grading and additional yard tracks at Jersey City and various
other similar operations properly classified as additions and betterments.
Among the Improvements [already] authorized for the coming year are:
improving express and station facilities at Jersey City, $300,000; piers at
Jersey City, $514,384; extension of track No. 6, Lorraine to Cranford,
and Interlocking and cross-overs at Lorraine, $165,065; and
change of
alignment main track Glen Onoko, $125,000.
New Equipment.—The following has been received, ordered, &c.:
Rec. 1909-10 Ordered
Co.Shops.
—Ordered—
Jor
Build’08-’09. ’09-10. ’10-11 Built,
ing.
15
10
5
5
5
500
500
-
Cars for passenger service
Gondola cars (100,000 lbs. capacity)
Steel hopper bottom coal cars (100,000 lbs.) 1,000
Other cars, &c
2
Locomotives
.
$
a60,694,407
3,568,784
$
69,650,058
$
69,209,835
625,829,213
2,221,042
1,376,348
6,131,329
20,558,195
1,408,784
1,270,410
1,069,078
4,000,000
1,135,736
1,452,086
1,963,957
24,948,842
2,071,440
1,600,426
bett
Insurance fund
Other deferred debit items..
Total assets
Liabilities—
1,387,265
769,680
4,220, 03
6,547
218,682
c7,583,423
114,006,724
Capital stock
Funded debt (see “Ry. & Ind.” Sec.)
Int., dlvs. & rents due and unpaid
Vouchers and pay-rolls
Miscellaneous accounts
Interest, dividends & rents accrued
Appropriated surplus...
Profit and loss
27,436,800
50,268,000
1,237,410
1,510,977
3,166,509
568,309
1,914,489
251
9
7
io
7
Maintenance.—During the
year 354,313 new ties were laid, 18.18 miles
of track were re-ballasted with broken stone, 167.32 miles of track were
re-lald with steel rails of 90 and 100-Ib. sections, 45.51 miles of track were
re-laid with second-hand rails, chiefly of 70, 80 and 85-lb. sections.
1,833,119
“
905,601
1,940,503
1,837,727
‘
218,682
1,239,752
lbaT.doo
428,689
103,966,738 104,876,182
27,436,800
51,471,000
1,235,648
1,570,935
2,457,384
573,336
1,779,771
300,000
2,148,716
27,436,800
52,851,000
1,024,764
3,921,697
2,109,502
604,923
2,400,633
4.053,66i
300,000
1,025,918
225,763
2,391,876
10,939,487
10,583,306
4,950,102
dlO,357,782
12,596,346
Total
114,006,724 103,966,738 104,876,182
Road and equipment In 1910 ($60,694,407) Includes Investment to
June 30 1907, $56,287,029; Investment since June 30 1907, $7,385,983; less
reserve for accrued depreciations, $2,978,605.
b “Securities owned” Include securities of proprietary, affiliated and
controlled companies—pledged, $10,220,119; unpledged, $481,522; miscel¬
laneous securities, pledged, $2,538,556, and unpledged, $639,796; securities
Issued or assumed—held In treasury, $4,787,400;
marketable securities,
$7,161,820.
c Other deferred debit Items Include advances, $2,457,642, and miscel¬
a
laneous, $5,125,781.
d Appropriated surplus Includes expenditures or property through Income
since June 30 1907 and charged as an asset, $5,337,170, and reserves from
Income or surplus. $5,020,611.—V. 91, p. 790, 93.
Boston & Maine Railroad.
12% namely, four regular quarterly distributions of 2% each paid Q.-F.;
.
...
Securities owned..
Advances for construction
Insurance reserve fund
Additions and betterments fundDeferred credit Items
{Report for Fiscal Year ending June 30 1910.)
George F. Baer says in substance:
Results.—The
Physical property
1908.
1909.
1910.
Assets—
Railroad and equipment
anticipated
Equipment depreciation fund
President
General
[Owing to changes In the form of the balance sheet, comparison with
some Items In previous years are Inaccurate.]
Taxes
Taxes
Central Railroad Company of New Jersey.
8.64%
LXXXXI.
BALANCE SHEET JUNE 30.
Liabilities—
Stock, common
-.--$11,000,000 $11,000,000 $11,000,000
Stock, preferred
15,000,000
15,000,000
19,900,000
19,912,000
Mortgage bonds
19,910.000
Car trust obligations
2,687,000
3,203,000
3,719,000
Loans and bills payable
3,250,000
Vouchers, wages, traffic bals., &c
872,845
563,946
656,634
Ints, dividends, &c., due & unpaid-_
595,639
859,991
862,391
Bills receivable, discounted
'-1,290,000
590,000
Accrued Interest.___
115,133
95,799
121,350
Accrued taxes
68,249
67,882
123,150
Reserve funds
88,419
436,214
18,637
Other deferred credit Items
[VOL.
{Report for Fiscal Year ending June 30 1910.)
Lucius Tuttle, the retiring President, on Sept. 13 wrote:
General Results.—The Industries of New England that are served by the
company’s lines were more than ordinarily active throughout the year, and
our gross and net Income were thereby made greater than for
any other like
period In Its history.
After payment of all charges and dividends, including
$198,842 expended for additions and betterments, a surplus was left of
$783,260, which has been credited to profit and loss, In comparison with
$529,143 credited to that account In the previous year.
■
Stock.—In January the company issued and sold at public auction
5,699 shares of Its common stock, receiving therefor $817,094; It also Issued
one share In exchange for fractional scrip; total of 5,700 new shares.
The
11,283 shares of common stock held unencumbered in the treasury were
also sold In January for $1,636,035.
The funds received from these sales
of stock are being used for making necessary permanent additions.
■
Debts.—There has been no change during the year In the funded debt.
Notes payable amounted to $4,400,000 at the close of the year, but on the
same date the company held notes receivable to the amount of
$1,165,505
and had $6,393,274 cash on hand.
Acquisition.—During the fiscal year 17,331 shares, being a majority, of
the capital stock of the Worcester Nashua & Rochester RR. Co., leased by
this company, were purchased by this company for $2,776,142.
Since the
close of the year 440 additional shares have been purchased at a cost of
$65,992, making 17,771 shares held out of a total Issue of 30,998 shares.
Additions and Betterments.—The expenditures for additions and better¬
ments during the fiscal year, which under the rules of the Inter-State Com¬
merce Commission have been charged to capital account, aggregated (net)
$4,577,553, of which there has been charged to leased lines $1,469,116.
The leading Items were:
Equipment, $2,535,235; right of way and station
grounds, $375,243; sidings and spur tracks. $171,957; elimination of grade
crossings, $178,673; signal apparatus, $239,172; station buildings and fix¬
tures, $168,653; shops, engine houses and turntables, $256,867; dock and
wharf property, $275^712.
New
Tew Equipment.—During the fiscal year the following new equipment
has been added at a cost of $3,202,655, viz.: 90 locomotives, 31 passenger.
12 combination, 30 baggage, 10 milk, 1 mall, 1,276 coal, 46 liox, 2 "flat
and 94 work cars.
The net addition to equipment, $2,535,236, has been
charged to capital account, as required by the Inter-State Commerce Com¬
mission.
There was charged to operating expenses, for renewals and de¬
preciation of equipment, $1,054,508; to dining car service for depreciation,
$5,072, and to profit and loss, as prescribed by the Commission, for de¬
preciation accrued prior to July 1 1907, $176,409.
There has been contracted for and is being received as rapidly as com¬
pleted 1,000 steel underframe standard box cars, 124 passenger cars, 20
combination passenger and baggage cars, 100 ballast cars and 66 loco¬
motives.
INCOME ACCO UNT.
Operating Revenue—
1909-10.
Merchandise
Anthracite
Passenger
Express and mall
Miscellaneous
Other than transportation revenue--
Total
1908-09.
1907-08.
$10,031,985
$8,422,597
8,045,097
4,523,623
500,996
62,516
687,294
$8,368,056
8,166,369
4,253,920
463,649
47,412
714,331
9,099,015
4,282,704
437,874
41,831
954,934
.
.$23,851,511 $22,068,278 $23,184,414
Operating Expenses—
Maintenance of way and structures...
Maintenance of equipment
Transportation expenses
General and traffic
$2,109,225
$2,156,209
3,858,863
$2,349 135
3,676,699
5,947,442
780,167
3,687 553
6,450,539
849,856
Total.
6 441 976
787’901
$13,268,483 $12,560,517 $13,266,566
Net revenue, rail lines
Outside operations—net
N. Y. & Long Branch RR.—net
Income from investments &c
Total income
$10,583,028
♦def.93,172
288,017
£4,414,346
$9,507,761
♦def.241
*274,938
1,152,756
$9,917,848
*def.46,830
*249,520
1,432,539
$15,192,220 $10,935,214 $11,553,077
Deductions—
Taxes
Interest
$1,174,924
on
bonds and guaranties
Interest—miscellaneous
Rentals of leased lines
Additions and betterments
Taxes anticipated
Dividends
Total deductions
Balance, surplus.
2,745,733
350
2,167,314
4,000,000
$1,067,772
2,800,367
34,067
2,495,020
2,000,000
$1,065,726
2.934,576
86,605
2,342,696
2,000,000
300,000
__(12%)3,292,416 (8)2,194,944 (8)2,194,944
$13,380,737 $10,592,170 $10,924,547
$1,811,483
$343,044
$628,529
•Gross earnings from outside operations were In 1909-10,
$1,790,113- in
1008-09, $1,534,068; in 1907-08. $1,525,404; and of the N. Y. & Long
Branch RR., In 1909-10, $945,041; in 1908-09, $918,305, and In
1907-08,
$877,359.
Total gross earnings. Including outside operations and N. Y. &
Branch RR. were in 1909-10, $26,586,665,
against $24,520,651 in
1908-09 and $25,587,177 In 1907-08.
x See text above.
Bridges.—Owing to the constantly Increasing weight of the through pas¬
trains, the company is expending about $400,000 In replacing or
strengthening many of the bridges between Boston and Greenfield, Mass.,
and between Concord and Woodsvllle, N. H.
Rails and Ties.—During the year 139 miles (17,526 tons) of new steel
senger
rails have been laid in main tracks; 1,810,495 ties have been laid In main
tracks and sidings. Elimination oj Highway Grade Crossings.—In the prosecution of this
work, $563,170 has been expended during the year, $85,898 of which has
been reimbursed to the company by others participating In the
cost, $126,030 has been charged to leased railroads and $15,448 (for work
completed)
has been charged to construction.
The company’s total net expenditure
for carrying on this work amounted on June 30 1910 to $4,842,993.
Hoosac Tunnel.—Plans are now being worked out for
electrifying the
line between North Adams and the east portal of the tunnel, and It Is ex¬
pected that within the next two or three years the entire train service of
that section will be performed by electric locomotives.
Automatic Block Signals.—In the prosecution of this
Important work
$943,447 has thus far been used, of which about $200,000 was expended
during the year 1909-10.
OPERATIONS AND FISCAL RESULTS.
1909-10.
Miles
2,290
operated June 30-_
Operations—
Passengers carried
51,255,361
1908-09.
2,289
1907-08.
2,288
1906-07.
2,288
46,334,606
46,688,676 46,126,992
Pass, carried 1 mile*
864,870,875 792,426,736 790,805,436 762’,5171704
Rate per pass, per mile*
1.694 cts.
1.698 cts.
1.712 cts.
1.745 cts.
Freight (tons) carried*. 22,815,528
20,414,314 20,135,853 23,262,949
Fr’t (tons) car’d 1 mile-*234644,728 2124899,447 2152627,465
2296970,964
Rate per ton per mile—
1.085 cts.
1.083 cts.
1.045 cts.
1.079 cts.
Gross, earns, per mile*.
$19,332
$17,625
$17,389
$18,313
•
Does not Include electric street railways, 47. 53 miles In 1909-10,
INCOME ACCOUNT.
1909-10.
1908-09.
1907-08
Miles of steam roads operated
2,243
2,243
2,242
Earnings—
$
$
$
Passenger
Freight
Express and extra baggage
Malls
Miscellaneous
Total
1
15,003,066
25,451,237
13,763,696
23,014,439
1,337,956
445,849
1,119,067.
1,273,911
511,964
964,688
13,844,226
22,486,065
1,213,926
509,943
936,589
43,357,175
39.528,698
38,990,749
expenses
Transportation expenses
.
General expenses
—
Total
Per cent of oper. exp. to
earnings
Operating revenue—
Net earnings street railways, steam¬
boats, elevators, &c
.
Taxes accrued
Operating Income
.
Net Income
Deduct—
Rentals of leased roads
Hire of equipment
Rent of tracks, yards and
Interest accrued
_
.
.
terminals.
_
-
Sinking fund payment
Additions and betterments
Dividends on preferred stock, 6%
Dividends
on common
4,352,218
512,662
18,573,874
924,240
31,336,324
(72.27)
12,020,851
28,263,855
28,972,141
(71.50)
11,264,843
(74.30)
10,018,608
47,260
83,414
65,722
1909.
$
Ac., companies.
545,619
290,552
for
betterments, Ac. 1,827,244
Cash
6,393,275
Loans Abllls recelv. 1,165,506
Trafffc,Ac.,bars._
95,017
Agents A conduc’s 1,425,049
MaterialAsupplles. 3,928,346
Miscellaneous accts 1,299,719
Int. A rents accr’d
14,237
Adv. to leased rds. 1,468,623
Sinking fund
965,226
Oth.def.deb.ltems_ 1,338,824
Total
1,737,619
1,696,418
Net earnings
Income from investm’ts.
Other income
10,732.984
10,732
10,177,225
9,064,135)
5,265
5,265,498
752,670
51,499
1,783,910
1,783
28,785
198,842
5,246,433
5,183,515
1,284,757
45,677
1,769,905
28,785
80,537
188,988
(7)1,891,633
626,423
28,624
1,859,357
28,785
41,099
188,988
1910.
$
1909.
$
3 ,149,800
1,293,668 Preferred stock
8,263,858
3,149,800
Premiums on com.
stock sold.
5 ,446,331
5,199,137
Funded debt
42 ,073,000 42,073,000
Loans A bills pay. 4 ,400,000
545,619
248,852 Traffic, Ac., bal’s.
VouchersAwages..
1,696,401 Matured lnt., Ac.
4,375,678 Common dividend
512,250
July 1
57,813 Int. Aren ts July 1.
1,386,996 Miscellaneous accts
4,043,817 Acer.int. .rents, Ac.
1,114,375 Sundry lease accts.
1 ,366,679
2 ,983,526
26,206
1,150,858
2,100,977
23,742
432,620
1 ,567,678
586,716
1, ,325,786
1 ,824,245
407,145
1,486,582
616,873
1,364,741
1,824,245
676 Other deferred credit
items
563,215
974,651
902,537 Appropriated sur.61 ,156,568
Profit
and
loss
3
.610,424
1,056,764
563,550
926,366
2,659,929
...99,354,485 91,818,736
Total
(.Report for Fiscal Year ending June 30 1910.)
The report, signed by Chairman
J. W. Thomas Jr., shows in part:
E.C. Lewis, and President
Improvements, Renewals. Ac.—There has been expended for side tracks,
$82,865; for double track, $51,283; steel rails—difference In weight, value,
$45,846; bridges, $93,904; buildings. $46,818; crossings and signals, $16,819;
passenger equipment, $45,958; frtijht equipment, $109,420; work equip
ment, $26,340; shop machinery, $23,915; misc., $40,566; total, $583,738.
Rolling Stock.—The equipment consists of 232 cars in passenger service,
9,684 cars in freight service and 489 in work department.
Of the cars in
freight equipment, 1,339 are 40-ton, 7,021 30-ton and 1,197 20-ton ca¬
pacity, and 127 cabooses.
Road.—The policy of maintaining and improving the moperty has been
The total expenditure for maintenance and inn rovements was
ontlnued.
$2,161,165, or $1,757 per mile of main track.
There were 48.02 m les of
new 80-lb. rail laid In the main line, replacing 68-lb. rail.
of Miles of Different Weight Rails in Main
Operated June 30 1910.
5 2-lb.
105
56-tt>.
58
127
133
63
217
58-lb.
218
3
229
3
60-/6.
112
6
26
68-lb.
162
18
141
29
Track Owned
80-/6. Other.
295
131
262
4
116
and
Total.
839
391
839
391
In side lines there was a net Increase of 8.17 miles.
There were 870,769
cross-ties and 611 sets switch-ties used in renewals and 30,789 cross-ties
and 95 set3 switch-ties In improvements and for miscellaneous purposes.
For the past seventeen years the average life of cross ties for the entire
system has been about 9.2 years.
There were 159,220 cubic yards of
ballast used in track.
There were 545 lineal feet of pile trestle work added and 702 lineal feet
filled.
2,355 lineal feet of light span bridges were replaced by bridges of a
heavier design.
Work in Progress.—A second main track from Cravens Yard to White-
side, 11.8 miles, is contemplated,and on May 17 1910 a contractwas entered
into for the grading between Wauhatcliie and Whiteside, 8.2 miles, to be
completed by Feb. 1 1911; the remainder will be graded by the company’s
forces.
This second main track will materially Improve the present align¬
ment and dispense with the tunnel on Raccoon Mt.
Work on a proposed second main track from South Cherry St., Nash¬
ville, to Glencliff, 3.1 miles, is in progress.
A correction in line and grade
at Bon Aqua, on the Centrevllle Branch, Is being made.
Memphis Union Station.—An agreement has been entered into between
the Louisville A Nashville RR., Southern Ry. Co., St. Louis Iron Mt. &
Southern Ry. Co., St. Louis Southwestern Ry. Co. and this company for
the erection of a new union station at Memphis.
Compare V. 91, p. 94;
V. 90, p. 236.
Freight cars
Other
cars
1909-10.
1908-09.
1907-08.
1906-07.
1,230
1,230
1,230
1,230
251
232
258
255
249
226
226
9,684
9,586
488
406
227
9,5681
396/
9,582
Operations—
Passengers carried
2,771,397
2,574,608
2,571,313
2,490,018
Pass, carried one mile-. 108,788,035 103,496,165
97,174,659 91,720,147
Rate per pass, per mile.
2.36 cts.
2.39 cts.
2.54 cts.
2.56 cts.
Freight (tons) carried..
5,715,679
5.931,830
5.278,378
5,314,989
Freight (tons) one mlle.846,228,627 822,135,574 853,208,001 1010977,702
Rate per ton per mile
0.99 cts.
0.96 cts.
0.89 cts.
0.89 cts.
Gross earnings per mile.
c
$9,461
$9,042
$8,730
$9,950
Earns, per pass, train m.
$1.17
$1.20
$1.20
$1.19
Earns, per freight tr. m.
$1.93
$1.82
$1.72
$1.89
Also owns 2 steamers, 3 transfer
431,358
3,987,927
280,139
barges, 1 wharf boat.
400,9431
4,060,292/
268,759
284,436
U
863,645
4,501,038
„
267,927
j—
1,527,159
■■■.
—
.■
S
■■
...
8,350,701
(75.08)
2,771,413
8,182,098
(76.20)
2,556,153
9,730,161
(79.51)
2,508,311
Total Income
3,559,149
Disbursements—
Interest
943,220
Taxes
267,455
Rentals
626,518
Bonds retired and misc.
Dividends on stock
(6%)599,079
Res’ve for doubtful accts.
80,000
Additions to property..
83,252
3,049,662
2,866,794
2,526,711
945,060
946,620
245,942
242,740
626,607
626,518
26,000
26,000
(5)499,232(5 M)550,000
20,000
30,000
947,640
220,231
626,460
26,000
(6)600,000
18,658
291,983
16,458
261,790
22,500
T336.704
18,400
155,036
33,115
Total disbursements
2,599,524
2,577,003
2,395,867
2,420,331
Balance, surplus
653,795
106,380
959,625
289,790
t “Other Income” in’1909-10 Includes interest from notes receivable*
bank deposits, Ac., $35,237; hire of equipment, balance, $174,134; rental
received, Ac., $127,333.
CONSOLIDATED BALANCE SHEET JUNE 30.
.
1907.
1908.
1909.
1910.
$
28,140,103
634,069
165,164
1,426,878
334,507
163,042
179,087
1
587,403
1,800,717
74,457
$
28,140,103
866,447
173,568
925,757
319,056
208,922
95,145
451,168
1,254,855
128,985
$
28,140,103
888,257
170,413
831,209
436,115
137,910
56,031
369,529
1,761,644
86,037
34,369,331
33,505,427
32,564,006
32,877,247
10,000,000
Capital stock
Funded debt
15,924,000
387,155
Coup. A other lnt. accr’d
299,540
Dividends payable
Dividends unclaimed._.
20,618
Audited vouchers, pay¬
rolls A accts. payaDle.
1,083,041
Traffic balances
183,985
Res’ve for doubtful accts
133,241
Taxes accrued, not due.
135,000
Proflt and loss
6,202,751
10,000,000
390,100
249,616
19,371
10,000,000
15,985,000
388,490
250,000
19,197
10,000,000
16,005,000
393,205
300,000
19,596
1,225,204
220,697
64,246
110,000
5,261,193
984,279
180,111
44,817
110,000
4,602,112
1,489,486
212,319
35,319
110,000
4,312,322
34,369,331
33,505,427
32.564,006
32,877,247
$
Road and equipment— 28,140,103
Securities owned, at cost
629,989
Real estate
169,484
1,384,382
Materials and supplies.
Due from station agents
408,824
Notes receivable
142,675
Traffic balances
76,330
Accounts receivable
1,042,286
Cash on hand
2,312,144
63,112
Unadjusted claims
_
...
—
—
Total
Liabilities—
Total
—V. 91, p. 717.
’
15,965,000
.
Nevada-Califomia-Oregon Ry.
{Report for Fiscal Year ending June 30 1910.)
T. F. Dunaway, Vice-President and General Manager,
Reno, Nevada, July 26 1910, wrote:
Work Is now progressing on the extension of the road north of Alturas,
Cal.
It Is expected to have completed during this year 20 miles of addi¬
tional road, to a point near the south end of Goose Lake.
The further
extension to Lakevlew, Ore., at an early date, Is earnestly recommended
Bonds of the railway to the value of $8,000 were purchased for the sinking
fund and canceled.
Additions and betterments have been made during
the year. Including a new general offlec and station building, also new round¬
house and shop buildings.
OPERATIONS, EARNINGS, Ac.
Average miles operated.
Operations—
184
1908-09.
176
1907-08.
159
1906-07.
144
Tons carried
Tons carried 1 mile
Rev. p. ton p. m. (cents)
54,707
5,674,992
57,748
4,479,541
56,770
4,315,730
43,550
4,206,291
4.735
25,044
2,289,228
6.428
$
268,721
147,150
31,986
5.652
4.848
3.821
28,700
1,843,682
25,313
1,559,637
22,927
1,327,080
6.734
6.571
6.173
$
253,199
124,156
29,313
$
209,233
102,489
26,946
$
160,735
81,923
24,648
447,857
406,668
338,668
267,306
64,322
43,969
7,337
81,109
21,868
49,331
39,772
6,778
62,350
19,580
218,605
229,252
177,811
228,857
14,633
171,565
167,103
19,924
119,198
148,108
17*158
243,490
187,027
165,266
29,117
29,477
26,751
31,135
1009-10.
,
Passengers carried
Passengers carried 1 mile
Rev. p. pass. p. m. (cts.)
Earnings—
Freight
Passenger
Mall, express and misc..
Total earnings
Expenses—
Maintenance of way, Ac,
Malnt. of equipment
Traffic expenses
Transportation expenses
General expenses
Total expenses
Net earnings
13,114
Other Income
Total net Income
242,366
Deduct—
Interest on bonds
29,044
Renewal fund
Dividend on pref. stock.(5%)37,500
Dlv. on com. stock (1%)
14,500
Rents paid
205
Taxes
16,652
Sinking fund
7,890
Interest on loans
Additions A betterments
Improvement fund
—
Balance, surplus
119,198
19.246J
14,500
’205
12,450
7,960
5,417
11,062
8,040
6,000
1,287
50,001
6,275
6,100
6,000
107,149
136,341
143,366
43.661
106,261
59,005
...
35,566
45,6701
40,401
6,885
59,363
(5%)37,500 (5%)37,500 (4%)30,000
101,009
206,800
Total
[Owing to change In form of balance sheet, comparisons with some of the
items In 1909
inaccurate.]
are
1910.
Assets—
$
Road A equipment. .3,233,854
Bonds in treasury... 398,000
Marketable stocks
700
Cash
87,340
Due from agents
8,966
Sierra Valley Ry. Co. 102,859
Material and supplies 100,076
Miscellaneous accts.
24,014
.
_
—V. 89. p. 843.
1909.
$
.
Liabilities—
Stock, common
1910.
$
1909.
$
1,450,000 1,450,000
750,000
750,000
Bonds
981,000
789,000
Accrued Interest.
4,858
5,733
Vouchers
1
45,495
/11,638
Pay-rolls
\10,123
/
Dividends accrued..
52,000
52,000
Traffic balances....
7,417
7,001
Miscellaneous
8,0481
88,476
Appropriated surp.. 207,231/
Notes payable
60,000
Profit and loss
436,836
472,697
3,128,062
209,000 Stock, preferred
700
26,468
13,284
112,244
26,067
19,011
22,936
Acct. Lakevlew ext.
SurpluB account
Total
*
$
BALANCE SHEET JUNE 30.
Equipment*—
Locomotives
Passenger cars
1908-09.
8,437,258
(72.50)
3,199,945
OPERATIONS AND FISCAL RESULTS.
Miles operated June 30.
$
2,568,305
8,353,212
715,686
Assets—
Nashville Chattanooga & St. Louis By.
owned-.
leased-.
owned-.
leased-.
12,238,472
1,475,530
1,976,574
1,712,273
$965,226.—V. 91, p. 716.
miles
mile3
miles
miles
10,738,252
1,761,049
1,939,777
415,207
3,950,231
8,372,057
218,160
381,784
92,134
a Includes In 1910 investment in road, $47,222,833, and In equipment, $21,230,384 (excluding leased road equipment inventoried at the Inception of leases at $8,434,673), less reserve for accrued depreciation of equipment, $929,814.
b Appropriated surplus In 1910 Includes additions to property since June 30 1907,
through Income, $191,341, and sinking fund for redemption of Improvement bonds,
1910
do
1909
do
11,122,114
1,783,062
1,954,772
9,558,324
218,701
325,672
74,527
Liabilities-
99,354,485 91,818,736
Number
earnings.. 11,637,203
9,991,231
231,886
375,390
134,477
65,344*780 Common stock...28 ,841,691 28,271,791
Stocks of controlled,
Ileal estate
Leased roads
Total gross
Maintenance of way
Maintenance of equipm’t
Traffic expenses
Transportation expenses
General
Add. to prop. & equip._
Total expenses
P. c. of exp. to earnings.
BALANCE SHEET JUNE 30.
Ac., companies.11,073,845
2,407,401
8,967,426
10,084,330
a The deficit as above, $1,409,662, In 1907-08 was decreased by $543,206,
being the amount of “contingent fund representing unappropriated sur¬
pluses for 6 years ended June 30 1907,” leaving deficit for year $866,456.
Assets—
2,476,679
7,870,698
774,737
11,348,257
1,789,933
sur.783,260 sur.529,143adef.1409662
Balance
lload and equip.<*67,523,403
B. AM. stock...
Bonds of controlled,
1906-07.
$
2,464,115
7,610,812
663,325
12,068,111
2,076,880
188,988
(6)1,679,532 (6)1,628,373
stock
1910.
$
1907-08.
Earnings—
PassengersFreight
Mill, express, rents, Ac.
Expenses—
.
Income from rents
Income from stocks and bonds.
Interest and miscellaneous..
$
4,609,147
$
4,251,566
4,730,779
516,417
17,800,498
964,595
$
5,253,611
5,446,735
544,016
19,075,789
1,016,173
1909-10.
1907-08.
1908-09.
1909-10.
Expenses—
Maintenance of way and structures..
Maintenance of equipment
Traffic
865
THE CHRONICLE
Oct. 1 19l0.|
125,970
3,978,746 3,660,807
Total
3,978,746 3,660,807
866
THE CHRONICLE
Chicago Indianapolis & Louisville Ry.
(.Report for Fiscal Year ending June 30 1910.)
President Fairfax Harrison, Chicago, Sept. 21
wrote in brief:
1910,
Miles
operated June 30._
Operations—
Passengers carried
1,996,220
Passengers earned 1 mile. 80,049,334
1,897,949
75,038,705
1907-08.
616
1906-07.
600
1,855,532
71,871,428
1,74 9,692
70,686,044
—
Rate per pass, per mile.. 1.810 cts.
1.798 cts.
1.850 cts.
Rev. freight (tons)carried 3,520,739
2,961,152
2,821,358
Freight (tons) oar’d 1 m.525,836,807 422,369,861 411,381,977
Rate per ton per mile
0.773 cts.
0.825 cts.
0.822 cts.
Aver, train-load (tons)
341
300
276
Earn, per pass, train m.
2.027 cts.
3,378,685
518,537,103
0.810 cts.
306
_
(including mail &
ex-
press and baggage)
Earn, per fgt. train mile
Earns, per mile of road.
SI.13
$1.13
$1.14
$2.64
$9,777
$2.27
$8,458
$
$9,985
1,449,074
4,063,422
507,746
$2.48
$8,639
$
1,349,547
3,482,685
487,154
1,329,973
3,382,361
454,827
1,432,978
4,199,673
356,216
6,020,242
5,319,386
5,167,160
792,968
822,785
175,641
1,973,814
182,927
777,&57
827,557'!
796,980
152,177
1,761,205
165,461
1,797,807)
160,821 j
Total
Per cent exp. to earns._
Net earnings
Taxes
3,948,135
(65.58)
2,072,107
268,654
3,653,780
(68.69)
1,665,606
260,814
3,745,063
(72.48)
1,422,097
258,395
3,809,595
(65.11)
2,089,272
263,857
Operating revenue
Add. dividends, &c
Excess rentals.
Hire of equip’t, balance.
Rental from joint facil’s
1,803,453
173,663
1,404,792
191,743
1,163,702
204,443
12,709
50,183
1,400
1,825,415
175,588
57,600
7,718
52,840
2,041,408
774,036
405,706
Earnings—
Passenger
Freight
Mail, express and misc.
...
Total earnings.
Expenses—
$
_
_
...
Maintenance of way, &c.
Maint. of equipment
Traffic expenses.
Transportation
General
_
.
_
_
_
_
_
...
_
....
_
_
Miscellaneous
_
_
_
Disbursem c ?ils—
Interest on bonds
.
$
,
5,983,867
819.190!
139,688 I
3,899,595
_
Total
Rentals
Miscellaneous
31.17
$2.-8
...
19,286
48,694
27,978
1,657,093
1,436,125
2,086,582
772,100
382,106
772,100
301,663
772,100
319,455
1,154,206
1,073,763
362,362
200,000
(3)315,000
•
85
_
.
Total
1,179,827
Surnl is for dividends
831,580
Dividend on pref. (4%)
200,000
Dividend on com
(3^)341,250
...
...
.
502,887
200,000
(3)328,125
1,091,555
995,026
200,000
(3)315,000
CONDENSED BALANCE SHEET JUNE 30.
1910.
1909.
1910.
$
^
Liabilities—
$
1909.
j^Lsscts ■
$
Road & equipm’t.30,763,561 30,512,114 Stock, common...10,500,000
10,500,000
Stocks and bonds
,193,984 3,090,845 Stock,preferred.. 5,000,000
5,000,000
Material & supplies
356,858
481,504 Bonds (see “Ry. &
Cash
443,418
Ind.” Section).. 15,000,000 15,000,000
438,978
Coupon account.
324,765
321,650 Temp. ref. 4% bds.
212,000
Agts. & conductors
292,830
205,031 L. N. A. & C. bds.
1909-10.
$
Operating RevenueFreight revenue
Passenger revenue..
Mall, express, &c_.
Operating Expenses
Transportation
General
Taxes
expenses
expenses
:
Total oper. exp. and taxes.
Operating Income
Other Income—
Hire of equipment
Total net Income
Deductions—
Interest on funded debt
Interest on equip, trust obligations
Interest on bills payable.
Rentals
Equipment trust expenses
654,264
379,714
60,180
810,047
353,499
57,934
1,173,419
1,094,158
1,221,480
207,887
215,094
30,425
434,750
37,559
61,033
190,482
218,390
25,254
416,641
39,044
50,143
232,082
261,808
22,009
456,602
37,661
986,748
186,671
939,955
154,203
1,059,018
162,462
35,502
26,895
38,123
222,173
181,098
200,585
195,800
3,719
31,495
3,448
195,800
5,705
26,950
3,648
195,800
7,816
24,922
7,277
1,002
Property abandoned
235,079
12,905
j.
GENERAL
Assets—
Road & equipment
Securities oth. cos.
Material & supplies
Due by other cos..
Due by agents..__
Cash
Miscellaneous
Balance, deficit
Total
-V. 89, p. 914.
1910.
$
|
$
91,974
41.364
18,678
94,397
19,493
432,165
18,085
44,901
250,187
69,089
281,718
81,133
E SHEET JUNE 30.
1909.
9,454,608
103,000
48,856
617
Total deductions
deficiency
1907-08.
$
697,431
410,915
65,073
Additions and betterments
Net
1908-09.
$
and Taxes—
Maintenance of way and structures.
Maintenance of equipment.
Traffic expenses
1910.
S
Liabilities—
! Capital stock..
I First mtge. bonds.
104,535 Interest
$
4,076,900
4,895,000
99,165
214,053
...
31,713
14,949
89,350
18,776
1909.
I Vouchers & acc’ts.
4,076,900
4,895,000
57,440
178,908
i Equipment replacej
ment
"
113,903
Bills payable and
419,2601 equip, obliga'ns
80,742
;
10,255,679 10,201,421!
Total
856,658
912,431
10,255,679 10,201,421
Northwestern Elevated Railroad,
Chicago.
(Report for Fiscal Year ending June 30 1910.)
President M. B. Starring says in substance:
OPERATIONS, EARNINGS AND EXPENSES.
1908-09.
616
LXXXXI
INCOME ACCOUNT.
Bonds.—On July 1 1910 there were redeemed $3,000,000 6% bonds of
Louisville New Albany & Chicago Ry. Co., which were secured by a first
mortgage upon the main line from Michigan City to New Albany.
The
funds therefor were derived from the sale of a like amount of the refunding
mortgage 4% series C bonds, effecting a reduction In the fixed charge for
Interest on funded debt, which will be noticeable In the accounts for the
fiscal year ending June 30 1911.
General Results.—While operating revenues during the year Increased
$700,856, or 13.18%, operating expenses Increased $294,355, or 8.06%, as
compared with the previous year.
Of this Increase In expenses 13.87%
was In the maintenance accounts and 72.23% in transportation; but the
ratio of transportation expenses to operating revenues was this year 32.79%,
as against 33.11% last year.
The ratio of all operating expenses to operating revenues was, excluding
taxes, 65.58%, as compared with 68.69% In the previous year, or. Including
taxes, 70.04% this year, as against 73.59% last year.
35.12% of the
operating revenues was paid to employees as wages.
Late In the year
there was a general increase In the wages of employees, with the effect of
adding immediately approximately $150,000 to the annual pay-roll, with
further Increases to take effect Jan. 1 1911.
The Important traffic In Indiana oolitic limestone, used principally for
building purposes, Is steadily Increasing. The production of manufactures
locally on the line Is also Increasing. This company serves a rich agri¬
cultural district, the Indiana corn belt, and It Is a satisfaction to observe
the prosperity of the farmers and the steady increase in the tonnage of
products of agriculture.
Physical Condition.—What may be considered a liberal appropriation
for necessary upkeep Is reflected In the charges to operating expenses of
$1,287 81 per mile of road for maintenance of way and $1,336 23 per mile
of road for maintenance of equipment.
Furthermore, $251,448 was ex¬
pended on the property for permanent improvements (sidings, terminals
shops, rolling stock, bridges, Sec.), and charged to additions and betterments.
2,529 tons of new 75-Ib. steel rail were laid in the main track, 323,237
new ties were placed in the main track and branches and 38,700 yards of
new ballast were put In track.
Five single-span girder bridges, 17 stone
box culverts and 13 iron pipe culverts were constructed during the year,
replacing less permanent structures.
Two new station buildings were
erected. There was a net Increase of 9.88 miles In Industrial tracks, sidings
and yard extensions.
Three new Pacific type passenger engines and three
new passenger coaches were purchased.
Five new consolidation freight
engines were ordered for delivery In the autumn of 1910.
The equipment
now consists of:
Locomotives, 122; passenger train cars, 107; freight train
cars, 5.961.
1909-10.
616
[VOL.
General Results.—The gross earnings (Including Loop and Evanston Line
were $2,632,039, an increase of $91,155, or 3.59%.
The total expenses were $1,055,686, an Increase of $59,867, or 6.01%,
due (a) to an Increase In car miles from 12,034,490 in 1909 to 12,550,306 In
>•1910; (b) to increased expenditures for maintenance; (c) to an Increase of
$5,524 in the “damage account.”
During the year the company paid out
$11,245 for accidents In preceding years, which amount was charged
against the $25,000 “reserve for damages” set up last year.
However, to
maintain this reserve at $25,000, a like amount was charged to “general
expenses” and credited to “reserve for damages.”
The net Income was 5376,098, an increase of $20,322.
The surplus
June 30 1910 was $2,581,776, after deducting $150,000 for dividends paid.
Accident.—From the accident of May 18 1909 referred to last year have
arisen 232 claims, of which 208 have been terminated, leaving
outstanding
24 claims, upon 8 of which suit has been brought.
The progress of adjust¬
ment of these claims has been satisfactory.
a ages.—On May 31 the contract with our
employees expired: a new con¬
tract Is now being negotiated, which will probably result in a fair increase
in the wage scale.
Additions, Ac.—Twenty additional motor equipments have been ordered
for delivery during 1910-11.
The temporary station at Willow St. was re¬
built as a permanent station.
On July 7 1909 the new station at Lawrence
and Kimball avenues was opened to the public.
Operations.—On March 1 1910 the train service on the Ravenswood Line
through to Kimball Ave. was extended, so th at all Ravenswood trains were
operated through to the new loop station at Kimball and Lawrence avenues,
and the terminal at Western Ave. was abandoned as a terminal.
The territory along the Evanston line continues to develop and during
the year 2,980,037 ten-cent fares were collected from that zone covered
by the ten-cent fare; an increase of 101,186 of such fares over the preceding
year.
The Interference to our train service by the work of elevating the
tracks from Howard Ave. to Church St., Evanston, has continued, and on
June 30 this work was still Incomplete, though far advanced.
The following
permanent stations were completed and opened on the dates named:
Cal¬
vary, May 25 1910; Main St., June 6 1910; Dempster St., June 14 1910;
Davis St., June 29 1910.
‘
*
The North Water St. terminal shows a steady growth, and as high as
2,732 passengers have been carried from this station during the evening
rush hours, an Increase of 591 over the highest number carried during the
same hours In the preceding year.
This service is a model one, using the
only six-car trains operated on an elevated railroad In Chicago.
Dividends.—The first dividend upon the preferred stock mentioned In
the statement for 1909 was duly paid Oct. 18 1909.
A dividend of 1%
on said stock has been paid each quarter since that date.
net earnings)
RESULTS FOR YEARS ENDING JUNE 30.
1909-10.
carried 42,815,132
Total passengers
Dally average
117,301
Passenger earnings
$ 1,969,833
Other earnings (includ¬
ing loop net earnings)
662,206
_
1908-09.
1907-08.
1906-07.
40,955,795
112,207
$1,913,515
37,419,286
102,238
31,022,575
$1,857,753
$1,550,816
627,368
605,434
549,500
$2,540,884
$45,038
147,045
699,843
103,893
$2,463,187
$40,114
130,381
693,759
100,861
$2,100,316
$50,681
141,738
458,774
$995,819
$1,545,065
261,846
848,852
78,590
$965,116
$1,498,071
226,381
802,837
117,965
$744,304
$1,356,012
$1,189,288
$355,777
$1,147,183
$350,887
$1,008,434
$347,578
84,993
.
.
Roads, individuals
and companies-
386,891
L. N. A. &C. IstM
bond redemption
account
*379,280
Ref’g 5% bonds.. 1,558,000
Ref’g 4% bonds._ 3,000,000
Dividend accounts
2,930
Miscellaneous
12,635
paid July 1
3,000,000
355,961 Coupons matured.
324,765
Bond int. accrued.
57,500
Pay-roll chks. iss’d
200,118
Roads, ind. & cos.
132,695
1,558,000 Accts. payable...
361,831
Reserved for accr’d
2,993
expenses, doubt¬
ful assets, &c.._
Replacement accts.
Unpaid dividends.
Profit and loss
321,650
57,500
162,355
112,932
321,780
Total earnings
Conducting transports.
$56,435
149,593
737,671
General
111,987
40,715,150 36,967,076
Total.
Total operating exp’s.
Preferred dlvs. (3%)—
272,948
296,303
2,930
5,354,060
254,735
200,801
2,993
5,032,330
40,715,150 36,967,076
*
Includes advances to eover discount on 4 % refunding
mortgage bonds (Series C),
$180,000, and proceeds of temporary refunding mortgage 4% bonds, $199,280
—V. 91, p. 790, 518.
Toledo Peoria & Western Ry.
(Report for Fiscal Year ending June 30 1910.)
President E. N. Armstrong, Peoria, Ill.,
Sept. 14 1910,
wrote in
part:
The revenue from all sources shows an Increase of
and expenses Increased $46,793, or
4.98%, the result
$79,262, or 7.24%,
being an Increase In
operating lnoome of $32,469, or 21.06%.
The freight traffic Increased
57,664 tons, or 7.28%.
The number of passengers carried was
962,473,
a? A?£reas2. of 98,877, or 11.45%. Passenger train mileage Increased
10.49%.
Taxes Increased $10,890.
There were 497.50 tons of new steel
rail and 76,410 cross-ties used In the renewals and 10.98 miles
of traok were
ballasted with dnders, of which 9 miles replaced dirt ballast.
expenses
Net earnings
*
Taxes
Bond Interest
Other Interest
Total charges
Surplus for year...
*
Total
$2,632,039
Malnt. of way & structs.
Maintenance of equlp’t.
$1,055,686
$1,576,353
244,380
944,100
11,775
150,000
$1,350,255
$226,098
93,111
217,311
791,123
Includes compensation to city on account of loop.
GENERAL BALANCE SHEET (INCLUDING LOOP DIVISION) JUNE 30.
1910.
1909.
1910.
1909.
$
Liabilities—
$
Assets—
$
$
,oad and equip..34 ,318,537 34,265,789 Preferred stock... 5,000,000
5,000,000
339,872
438,705 Common stock
and and bldgs—
5,000,000 5,000,000
tocks and bonds. 1 ,096,420
1,092,705 Bonds*
.22,482,000 22,482,000
ash and bills re¬
Mortgages
64,000
130,750
772,202
ceivable
952,792 Equipment notes.
228,000
267,000
Res’ved
for
.ccounts receiva¬
taxes.
92,502
93,484
199,489
210,978 Accr’d Int. on bds.
ble
296,025
296,025
laterials and sup¬
Reserve for main¬
28,412
’ 22,070
tenance
plies on hand...
250,000
250,000
70,246
58,514 Res’ve for damages
Tnadjusted acc’ts.
25,000
25,000
Acc’ts & notes pay
805,875 1,141,617
Profit and loss... 2,581,776
2,355.678
36,825,178 37.041,554
Total
Total
36,825,178 37,041,55
'
*
Total bonds,
V. 91, p.
791.
$23,850.000;!ess owned, $1,368,000; outstanding,
MB
$22,482,000^
THE CHRONICLE
Oot. 11910,
Railways Company General.
{Report for Fiscal Year ending June 30 1910.)
Lehigh & Wilkes-Barre Coal Go.
{Report for Fiscal Year ending June 30 1910.)
INCOME ACCOUNT.
1908-09.
1909-10.
1907-08.
1906-07.
$90,313
$91,467
$167,071
Ac..
22,226
15,070
*161,392
8,628
$76,397
(10)56,000
$5,679
$162,392
(3%)
$68,087
16,800
Balance, surplus
$51,287
Includes “shrinkage in values.”
$20,397
$5,679
Gross Income
Oper.
exp., taxes,
Net
Dividends
*
■
1
$171,020
$162,392
■
BALANCE SHEET JUNE 30.
1909.
$35,733
1908.
$37,874
292
$43,499
3,599
695,258
675,754
/656.950
] 40,255
*508
*508
*503
5,383
404,107
16,102
617
326,575
1910.
$114,269
Assets—
Cash
Due from subsidiary cos.
Bonds of subsid. cos..I
644,640
Capital stk. subsid. cos.J
Other securities owned-Furniture, fixtures and
140,000
sundry securities
Loans receivable
Accrued interest
Accounts receivable
Notes receivable
137,600
155,813
1907.
279,511
444
128,136
Total
•
Liabilities—
-
$1,320,243
$1,196,117
$998,282
$1,029,197
£$700,000
261,089
357,566
$700,000
133,838
382,279
$700,000
$700,000
48,994
230,2C3
Capital stock
-Loans payable
Net surplus
Accrued Interest
Accounts receivable
285,882
1,588
12,500
...
Total
$1,320,243
$1,196,117
$998,382
$1,029,197
*
Includes furniture and fixtures only,
r Stock outstanding understood
to be $560,000, the $140,000 stock in tie treasury being apparently carried
under assets under “other securities owned.”
Directors:
Evans R. Dick, David M. MInzesheimer, George S. Graham,
F. J. LIsman, Fairman R. Dick,-/Thomas R. Patton.—V. 89, p. 994
Westinghouse Air Brake Go.-, Pittsburgh, Pa.
{Report for Fiscal Year ending July 31 1910.)
Under date of Pittsburgh, Sept. 19 1910, the company
reports:
General Results.—By reason of a change in booking draft gear billings
the reported sales, viz., $12,463,005, are not strictly comparable with the
sales figures shown In previous annual reports, but net earnings and all
balance sheet Items are.
From these It will be noted that the year was the
most prosperous In our history.
Likewise the operations of your subsid¬
iaries, the Westinghouse Traction Brake Co. and the American Brake Co.
ef St. Louis, have been very satisfactory, while the Westinghouse Brake
Co., Ltd., of London, in which you own a majority interest, has maintained
Its annual dividend disbursements of 20% on its capital stock.
Further
payments on account of subscriptions to the capital stock of associated and
affiliated companies explain the difference In item of “Investments.”
Additions, Ac.—During the past two years the amount expended for the
extension and betterment of your manufacturing facilities, together with
appropriations made to complete the work now In progress, totals $434,534.
Charging this total against the proper asset accounts and making sundry
•redlts on account of depreciation, leaves the book value of your Wllmerding
plant. Including factory buildings, machinery, general office and grounds,
and furniture and fixtures, $2,500,000, as shown on the balance sheet.
As In previous years, the total depreciation charge of' $429,824 not only
lnoludes factory buildings and discarded machinery, but also covers patents,
extraordinary
Wllmerding
Kurchased,
ettermentsdevelopment
work, accounts.
The
repairs,
Immediate
benefit property
of these
and uncollectible
large expenditures, by means of which costly overtime labor during periods
•f great activity Is reduced to a minimum. Is reflected in net earnings,
which, as already stated, greatly exceed those of any previous fiscal year.
A factor of Importance promising well for the future is the strong patent
position the company has secured through Its development of Improved
brake appliances, of much greater power and flexibility, to meet the Im¬
perative demands of the modern railway, with its Increased car and loco¬
motive weights and higher average speeds.
Reserve Fund.—In 1903 your board established a “depreciation-reserve
fund” of $300,000 for the adjustment of Inventories, which has been of
considerable value In protecting current earnings and the book value of
capital stock during periods of depression.
After various fluctuations
the balance to the credit of this fund July 31 1909 was $550,000.
The In¬
ventories this year Indicate an apparent gain of approximately $250,000.
This amount, therefore, has been passed to the credit of “depreciation-reserve
fund,” Increasing that Item to $800,000: and since inventory values and
shop cost are closely Inter-related, the scope of this fund has been broad¬
ened to Include the equalization of shop expense during future years, in
order to provide for any extraordinary Increase In the cost of manufactured
product in years when the factory output Is light and the percentage of
overhead shop expense abnormally high.
Dividends.—The former policy of the board in maintaining a regular
dividend, notwithstanding unavoidable fluctuations In the volume of busi¬
ness and consequently In net earnings, and In paying extra and special divi¬
dends when financial returns justified such action, has been pursued during
the year under review.
Regular quarterly dividends aggregating 10% and
extra and special dividends In the same amount, making total dividends
of 20%, have been paid, leaving $1,400,000 in round numbers as surplus.
It Is the further desire and purpose of your board that a considerable por¬
tion of your accumulated surplus be kept available for the payment of extra
dividends In years when earnings are Insufficient therefor.
For the current quarter the board has this day declared a regular dividend
•f 2 )4%, an extra dividend of 1
and a special dividend of 1%, all pay¬
your
able Oct. 10 to stockholders of record Sept. 23.
INCOME ACCOUNT.
1909-10.
1907-08.
1908-09.
1906-07.
12,463,005
$
5,286,021
$
5,308,016
$
11,230,410
Depreciation
4,653,102
429,824
2,039,273
118,716
2,014,756
43,960
4,245,082
393,243
Net Income
Dividends
Rate of dividend
4,223,278
2,749,267
(20%)
1,920,557
1,374,481
1,970,796
1,787,110
(10%)
a(15%)
3,851,839
2,475.000
(22 M%)
1,474,011
546,076
183,686
1,376,839 1
$
Sales for year
Net earnings, all sources
(Incl. profit on sales),
....
Balance, surplus
a
There was also deducted from accumulated
surplus
a
867
Of this company's outstanding capital stock, $9,212,50C»
the Central RR. of New Jersey (see above) owns $8,491,150.
President George F. Baer Sept. 22 wrote in substance:
General Results.—The surplus for the year after deducting Interest and
sinking fund charges was $1,885,882. From this amount the following
To complete Stanton breaker, $65,000; estimated
deductions were made:
depreciation of 220,000 tons of coal in stock at Hampton storage plant,
$110,000; Federal Income tax for year 1909, $22,279; total, $197,279.
There was also deducted dividends Nos. 1 and 2, paid Dec. 15 1909 and
June 24 1910, $3 25 per share, aggregating $1,197,625; and cost of re¬
funding debt, $271,869, leaving a balance to be carried to profltand loss
of $219,109.
There were mined during the period 4,021,772.16 tons and 815,968.17
tons purchased.
The tonnage sold was 4,805,644.01 tons. The tonnage
of prepared sizes sold, Including lump, equaled .6668% and of pea and
smaller .3332%.
There has been set apart out of Income 10 cents per ton
on the tonnage mined from fee properties during eleven months ending
May 31 1910, to represent depletion of coal lands.
This account has been
debited with the amounts credited to the mortgage sinking funds during
same period.
Property.—The changes in property accounts are as follows: Additions,
$89,635; deductions (depreciation yards and wharves, $37,857; deprecia¬
tion coal lands, Ac., $2,131,864; property sold, L. & W. B. C. Co., Mass.,
Net decrease, $2,307,631.
$226,120; surface land sold. $1,425), $2,397,266.
Bonds.—The funded debt maturing and to mature was provided for by
an Issue of $20,000,000 consolidated 4% gold loan, secured by mortgage
dated June 1 1910, with a sinking fund providing for the payment of the
bonds in installments of $2,500,000 each five years, the first payment
being due June 1 1915. This loan was applied to the following purposes:
For payment of debt maturing June 1 1910 [4
consols, $12,175,000,
and 5% gold bonds, $4,821,000], $16,996,000; to pay 5% loan Nov. 1 1912,
$2,691,000; for other corporate purposes, $313,000; total, $20,000,000;
see V. 90, p. 702, 1299, 1428—Ed.].
Sinking Funds, Ac.—The amounts to the credit of sinking funds and
depletion of coal land fund May 31 1910, have been applied as follows:
Coal land and equipment, $2,131,864; advanced royalty for coal to be
mined, $2,336,027; total, $4,467,891.
While most of the advanced roy¬
alty will eventually be recovered. It was thought best to charge same off.
Income account will receive credit each year for coal mined in excess of
minimum payments.
Massachusetts Company.—The
Lehigh & Wilkes-Barre Coal Co. (Mass.)
Incorporated under the laws of Massachusetts, and your property
located In that State was sold to that company.
Its entire capital stock
Is owned by your company.
At Inman Colliery No. 21,
Property.—One breaker was entirely rebuilt.
one shaft has reached the Baltimore vein, 1,550 ft., and the second shaft
Is down 1,250 ft.; as soon as this shaft reaches the Baltimore, active de¬
velopment qf the colliery will be started. The breaker at Stanton colliery,
producing about 2,700 tons per day, was destroyed by fire Nor. 20 1909;
a new breaker of part reinforced concrete Is under construction.
was
TONNAGE, EARNINGS, EXPENSES, AC.
Tonnage Shipped—
1909-10.
From company's fee lands, by company 2,885,314
do
do
962,577
by tenants.
From leased lands, by company
994,789
do
do
140,576
by tenants
From washerles, by company
141,668
do
do
by tenants
197,657
__
Total of all.
Earnings—•
Coal sales
Coal mined by tenants
Miscellaneous
BALANCE SHEET
Assets—
$
Cash on hand
3,100,620
Aoets. A bills rec. 3,072,459
Invests., incl. stk.
In assoc'd
Patents
8,534,542
2,000,000
Wllmerding plant. 2,500,000
Real estate
1,800,000
Factory stores, in¬
cluding material 2,792,729
cos
1909.
S
JULY
1910.
$
Coal purchased
Transportation, yard A
5,722,399
$
17,707,149
456,840
126,948
16,284,970
16^602,857
18,290,937
301,655
2,034,350
3,796,442
121,515
446,636
20,022
201,238
17,398
4,542,021
118,255
496,287
17,376
254,468
Cr.367,839
.13,294,420
2,990,550
13,423,724
3,179,133
15,065,217
3,225,720
914,385
190,283
22,279
1,197,625
a446,869
l,029,17f
156,861
1,124,142
167,100
2,770,421
219,109
1,186,039
1,993,094
General expenses
Taxes, State and local
Insurance..
Depletion coal lands fund.
Coal stock, or sold from stock.
Net earnings
Deduct—
Fixed Interest on bonds
.
Sinking funds
Federal income tax for year
6,365.762
335,951
328,493
6,192,312
276,798
249,511
2,091,178
4.051,594
121,452
477,462
17,376
249,508
Cr .303,462
agency
1909
.
.
2,974,503
.
1,291,242
1,934,478
Other
deductions In 1909-10 Include $65,000 to complete Stanton
$110,000 for estimated depreciation of 220,000 tons of coal In
stock at Hampton storage plant and $271,869 cost of refunding debt.
a
breaker;
CONDENSED BALANCE SHEET JUNE 30.
4
1910.
$
Assets—
1909.
$
1919.
1909.
$
Property A equip_28,100,065 30,407,696 Capital stock
9 ,212,500 9,212,500
Advanced royalties
Funded debt (see
for coal
1
2,375,798
“Ry.AInd.”Sec.)19 ,687,000 19,687,000
Advanced strip*Consols due June
1910
for
coal
ping
5,432
85,000
Cash
879,742
499,940 Sk. fd. 4% consol.
Cash for coup.,&c.
39,058
14,291
13,058
gold loan
Bills & acc’ts rec.
671,525
764,053
.796,317
1,698,017 Vouch. Apay-rolls
Coal on hand
,732,150
1,859,548 Coup’s, &c. .unpaid
14,291
13,058
J. P. Morgan & Co.
85,000
Int., mine rents,
Land contracts not
435,497
Ac., not due
566,439
due
20,052
20,976 Reserve for new
Insur., adv. pay'ts
44,824
12,775
collieries, Ac... 1 ,776,987 1,888,127
Material A supplies
21,037
327,881
328,255 Land suspense acc’t
*9,372
Securities owned..
262,174
35,554 Depletion coal land
fund
1,914,060
Sinking fund
202,780
625,093
Prior liens redeem.
429,612
Unadjusted acc'ts.
Liabilities—
_
$
_
1,968,386
acc't loan 1912.
5% bonds redeem.
acc’t loan 1912.
Accruals acc’t cons.
loan extended..
309,000
•
131,441
422,518
Unadjusted acc’ts.
Profit and loss
1 297,171
1909.
$
.
.
2,420,371
.23,800,350 21,475,975
*
Deferred liability account Includes time deposits of associated com¬
panies.—V. 91, p. 809.
5,445,352
$
16,094,359
383,809
124,689
236,693
31.
.
...
1,129,875
1,097,939
203,624
43,825
161,827
552,948
Insurance, Ao.,
Stanton Breaker
Liabilities—
Total
980,920
909,478
156,968
101,466
213,809
5,322,583
$
15,815,043
370,411
99,516
6,118,471
stock dividend of
2,757,367 Capital stock.... .14,000,000 14,000,000
304,309
505,316
1,825,551 Acc'ts payable..
Def’d llab’ty acc’t *1,433,828
1,044,399
8,292,899 Depreciation re¬
550,000
serve fund....
800,000
2,000,000
119,517
129,445
2,379,787 Pension fund
6,931,761 5,457,750
1,800,000 Surplus fund....
21,475,975
1907-08.
3,085,808
Expenses-
25%, calling for $2,750,000, paid Jan. 31 1908.
1910.
1908-09.
3,082,715
Total
33.894,889 37,882.141
—V. 91, p. 792.
Total
1,078,062
33,894,889 37,882,141
Pope Manufacturing Go., Hartford, Conn.
{Report for Fiscal Year ending July 31 1910.)
President Albert L. Pope writes in substance:
General Results.—The sales for the fiscal year amounted to $4,010,200
(an increase of $1,166,458 over the sales for the preceding 12 mon hs)
showing net earnings of $745,891.
Depreciation on buildings, machinery,
tools and equipment, amounting tor the year to $86,408, and accrued taxes,
insurance and other expense items have been charged monthly to operations
THE CHRONICLE
868
Our entire product for the fiscal year was sold and delivered some weeks
before the end of the period and no manufactured goods were carried
over Into the new fiscal year.
The manufacture of public service vehicles,
such as ambulances, police patrol and fire emergency wagons, has increased,
and promises to be a considerable factor.
The company has borrowed no money, nor has it given any promissory
notes whatever during the year, having been able to take advantage of all
cash discounts on its purchases.
Purchase—Plants.—During the year the company has acquired by pur¬
chase an additional manufacturing property in Hartford, to which several
manufacturing departments have been moved, giving much needed addi¬
tional room for operations, besides excellent shipping facilities by rail,
which were lacking and much needed before the acquisition of this addi¬
tional plant.
The company now owns and operates three plants: the main
Factory and the West Works (the new plant) at Hartford, Conn., and a
factory at Westfield, Mass., the two Hartford plants being entirely devoted
to the manufacture of automobiles and the one at Westfield to the manufac¬
ture of bicycles and automobile bodies.
During the previous two years
the company had manufactured a portion of its automobile bodies, but it
has extended that branch of its business so that it is now manufacturing
successfully all the bodies it requires.
Outlook.—While the prospect for business for the new fiscal year Is most
encouraging, the management believes, in view of financial conditions
throughout the country, that the conservative policy it has followed
should be continued and no material expansion should be considered.
STATEMENT OF EARNINGS FOR YEAR ENDING J ULY 31 1910.
Year
7 H Mos.
ending
ending
July 31 TO. July 31’09
Income from oper’ns (after deducting mfg. and produc¬
ing costs, lncl. charges for deprec., replacements and
renewals to plant, administrative, office & selling exp)$664,496
Mlsc. earns., lncl. dlsc’ts, lnt. & royalties received
127,989
Total earnings
Miscellaneous deductions
Preferred dividends (6%)
Common dividends (2J3%)
:
...
—
■Surplus
a
This Is the 6% accumulated dividend paid Sept. 30
§462,816
58,029
$792,485
$520,845
5$47,094
137,892
92,270
b$37,978
$515,229
$344,975
al37,892
—---
1909 on the preferred
stock for the year ending July 31 1909.
b “Miscellaneous deductions” in¬
cludes In 1909-10 miscellaneous losses and expenses, including discounts,
provision for losses on bad and doubtful accounts, paid and accrued, and
internal revenue tax on income; in 1908-09 miscellaneous losses and ex¬
penses, $21,368, and interest and disbursing expenses on mtge. notes,
$10,610.
BALANCE SHEET JULY 31.
1910.
$
1909.
$
1910.
1909.
Liabilities—
$
$
Plant,tools,pats., &c. 5,578,246 5,194,835 Preferred stock
2,298,200 2,198,203
Deferred charges and
Common Stock
3,690,800 3,690,808
prepaid expenses.. 100,309
47,628 Reserves for replaceMisc. inv. & contracts 190,871
210,960
345,053
ments, &c
404,135
Materials & supplies. 854,660
474,430 Accts. pay’le, includ.
Accts. & notes receiv.
accrued taxes, &c.
121,365
232,685
(less reserves)
273,579
9,879
212,726 Pay-rolls accrued.-6,386
Cash in banks and
Deposits on orders..
39,430
41,956
Office
557,945
769,836 Contingent liabilities
23,778
20,277
Profit and loss
482,867
860,204
Assets—
Total
7,555.610 6,910,415
Total...
7,555,610 6,910,415
—V. 91, p. 42.
Lake
Superior Corporation, Toronto.
(Report for Fiscal Year ending June 30 1910.)
President T. J. Drummond, Toronto, Sept. 15 1910,
wrote in brief:
Operations of Subsidiary Companies.—The result of the year’s operations
of all the subsidiary companies shows a surplus, subject to depreciation
and other charges, of $1,194,735.
This has been applied by the subsidiary
companies as follows;
Losses In assets realized and bad and doubtful debts written off
($159,031), and discount on securities sold written off ($160,000) $319,031
Reserved for renewals, doubtful debts, &c
90,233
To be paid over to trustee as sinking fund fdr the note issue of Lake
Superior Iron & Steel Co
220,752
Paid to Lake Superior Corporation as interest and dividends._ 564,719
New Plants.—With the exception of No. 3 open-hearth furnace, none of
the new plants being installed was in operation during any part of the year.
Bounty.—Again, the bounty allowed by the Government during the
fiscal year on steel manufactured was equivalent to about $1 less per ton
of steel than in the previous year, causing a loss in net earnings for the
,
{>resent
of about $200,000;
notwithstanding
the both
net earnngs of year
the subsidiary
companiesbut,
showed
an Increase,this,
owing
to a
greater volume of business and to economies In operation.
Accounts.—Special attention has been given to the accounts of the sub¬
sidiary companies with a, view to clearing up all outstanding accounts,
many of which extend over a period of several years.
The accounts due
to the subsidiary companies are now considered in excellent shape.
Large
sums have also been written off for losses found to exist in Inventories of
materials, &c.
Interest on Incomes.—In view of the satisfactory Increase In the volume
of business the past year and the upward tendency in earnings, and also In
view of the outlook for Increased earnings from the existing and new plants,
your directors have felt justified in paying interest on the Income bonds
for the year at the rate of 2 K% out of surplus earnings of the corporation.
Steel Plant.—The rail mill has been in steady operation throughout the
year except for a close-down of about four weeks for repairs, renewals, &c.
Both blast furnaces, Nos. 1 and 2, were refined during the year.
The out¬
put compares as follows:
1909-10.
1908-09.
1907-08.
Pig iron, tons
153,528
130,268
135,852
Steel rails, tons
201,615
158,465
143,018
This production, which is the company’s highest record,
appears most
satisfactory in view of the large amount of new construction work being
•carried out, which naturally affected the operating departments detri¬
mentally, both as to output and cost of production.
The reduction in the
xate of bounties on steel also meant a difference, as compared with the
previous year, of upwards of $200,000.
Lake Superior Power Co.—The result of operations is satisfactory, and
the sale of power for fighting and other purposes has an increasing tendency.
This company owns and operates the Helen mine.
All sales of Helen ore
to outside firms have been stopped, and while this has meant a reduction
‘In realized profits to the mining department, as also in returns to the
Algoma
•Central Ry., we feel confident that this unsold ore will prove a more valu¬
able asset for the steel department than possible profits from sales meantime.
In the immediate vicinity new ore bodies have been opened up and the
Helen Itself has been developed by actual shaft sinking to a greater depth.
We confidently expect to have blocked out ready for mining by the spring
•of 1911 a tonnage equal to the total quantity shipped from the Helen mine
since it was opened in 1900, which tonnage has amounted to 1,692,549 tons.
As to the extent of the ore deposits in the Helen and adjoining properties,
the board has obtained a report from Dr. John E. Hardman, S.B., M.E., of
Montreal, which is regarded as eminently satisfactory.
A valuable deposit of iron pyrites has been discovered
adjoining the
Helen mine, which should add considerably to the earnings of the
mining
department and the railway.
Sault Ste. Marie Pulp A Paper Co.—Although prices were not as satis¬
factory as for the previous year, sales have been well maintained, and the
result for the year Is regarded as satisfactory.
The company manufactured
29,107 tons of ground wood pulp.
Algoma Central A Hudson Bay Railway.—The earnings have increased
and show an excess over the previous year.
The railway legislation affect¬
ing the company was, last session, put on a satisfactory footing, to the
extent that Its land grants and subsidies were renewed, and the
company
is now proceeding with the construction of its road to a junction with the
Canadian Pacific Ry.
The financial proposals Involved In the building of
the railway were laid before the stockholders of the corporation and the
Bcheme was unanimously approved by them on May 6 (V. 90, p. 1299,1105).
iVoi..
lxxxxi
Towards the end of the year the company brought into service a new
steamship, especially built by it for the purpose of carrying steel rails.
Manitoulin A North Shore Ry.—The operations for the year have re¬
sulted in a material Increase.
The extension to Crean Hill was duly com¬
pleted and on July 20 last the company commenced carrying ore from that
point.
The construction of this line to Manitoulin Island Is now receiving
consideration, and In accordance with our understanding with the Ontario
Government, construction is being proceeded with from Little Current
towards the Canadian Pacific Ry.
International Transit Co. and Trans-St. Mary's Traction Co.—During the
year the directors have been able to place the finances of both companies
on a satisfactory footing and the outlook is hopeful.
The year’s operations
show Increased earnings in all branches.
Tagona w ater A Light Co.—There has been a satisfactory extension of
business, resulting in increased profits.
New Installations.—This has been essentially a construction year.
New
and extensive installations are being made, especially In connection with
the steel plant.
We have had the usual delays, but the work is progressing
favorably.
These new installations are not likely to be of much benefit
before, say, the spring of 1911; but from then on the economies that will be
effected In operation and the Increase in output should add very materially
to our net earnings.
These new Installations Include a blast furnace with a rated capacity of
400 tons per day, a 12-inch and an 18-lnch merchant mill, a complete
installation of by-product coking ovens with sufficient capacity to care
for our immediate needs, a new gas-bio wing engine system, which will care
for all our blast furnaces and create sufficient surplus power to operate
the new merchant rolling mills.
Our open-hearth department will also be
extended.
Further provision has been made for the handling of coal and
ore, &c., by additional docks and coal and ore-handling machinery of the
best and most economical type.
When this work Is completed, the direc¬
tors confidently believe that, so far as the steel department Is concerned,
the plant will be unsurpassed In efficiency by any on the continent
In pursuance of the policy of securing an adequate supply of raw materials
the steel company has purchased the Fiborn limestone quarry In Michigan.
The directors have also recently acquired and are now operating the Cannelton Coal & Coke Co., which owns nearly 6,000 acres of coal lands in W. Va.
The coal from these mines Is in every way most suitable for our operations.
Mining development has been pushed by the Lake Superior Iron & Steel
Co. and further additions have been made to ore reserves.
The Magpie
mine will be put in operation as soon as the necessary machinery can be
placed on the spot. A branch Is being built by the Algoma Central Ry.Co.
to this mine, which Is not far distant from the Helen mine.
The outlook
is encouraging.
1907-8_
INCOME FOR FISCAL YEAR ENDING JUNE 30.
1909-10.
Int. & dlv. on securlt es of subsid.
Interest from banks, &c
cos.
Total
Interest on first mortgage bonds
Gen. exp., taxes and org. costs
Int. on loans & accts. written off
1908-09.
1907-08.
$564,719
113,506
a$501,424
65,087
a$491,614
75,004
$678,225
$566,512
$566,618
543,516
(5446,342
i
63,523
)
622,852
y
J
l
Balance, credit profit and loss
Balance preceding years
Sundry debits and credits
Total
Reserved for depreciation in value
of Investments
2H% paid on Income bonds Oct. 1 TO
Total
surplus
$55,373
522,178
48,343
$22,996
$27,869
499,182
471,313
$625,894
$522,178
$499,182
$522,178
$499,182
547,525
75,000
$3,368
balance sheet.
as per
28,884
a In addition to interest and dividends paid as above, the subsidiary
companies reserved an amount ($580,386 in 1907-08) from net earnings for
the year for extensions and working capital.
-ft Interest on treasury bonds, $53,658, deducted in 1907-08.
BALANCE SHEET JUNE 30.
1910
1909.
$
1910.
1909.
Liabilities—
$
$
Capital stock
40 ,000,000 40,000,000
First
subsidiary cos..48,645,276 51,430,951
mtge. bonds. 7 000,000 10,000,000
Cash
3 000,000
18,910 Income bonds
3,000,000
Cash for coupons.
11,850 Bank, Ac.. advan.
44,875
993,748
Accts. receivable.
2,010 Bills & accts. pay.
2,550
15,000 Accrued interest..
41,667
Treasury bonds
'29',167
Treas.bd. trust acct
795,200 Coupons due (con.)
11,850
45,000
133,207 Inc. bd. int. pay¬
Suspense account
able Oct. 1
Due from sub. cos. 2,812,781
1,171,116
75,000
Rerserve fund
Discount on IstM.
547,525
Miscellaneous
bonds sold
204,800
17,625
Profit and loss....
Miscellaneous
3,701
z3,368
522,178
Assets—
Invest. & secur. of
_
....
51.711,433 53,578,245
Total
x
$
Total
51,711,433 53,578,245
See income and profit and loss account above.—V. 91, p. 792, 467.
United States Motor Go., New York.
(Official Statement of Sept. 1 1910.)
Benjamin Briscoe in a printed statement dated
Sept. 1 says in substance:
President
Organization, Ac.—The company was organized In February 1910 under
and has a capitalization as of June 1 as follows:
Capital Stock—
Common.
Total.
Preferred.
Authorized
I
$15,000,000 $15,000,000 $30,000,000
Issued
8,885,950
10,723,675
19,609,625
At or soon after organization the company acquired upwards of 99% of
the laws of New Jersey
.
--
-
the capital stocks of the following companies,
of automoDiles, steam and gas engines, marine
Name of Company—
engaging In the manufacture
and stationary:
Address.
N. Y.
Hartford, Conn.
Maxwell-Briscoe Motor Co
Columbia Motor Car Co
Alden-Sa^oson Mfg. Company, (plant at
built.—Ed.)
Dayton Motor Car Co
Courier Car Co—
Gray Motor Co
1
Brush Runabout Co
Tarrytown,
Detroit to be /Pittsfield, Mass.
(Detroit,
Mich.
Dayton, Ohio
Dayton, Ohio
Detroit, Mich.
Detroit, Mich.
Briscoe Manufacturing Co
Detroit, Mich.
Providence Engineering Works
Providence, R. I,
All of the aforesaid plants are owned In fee and are thoroughly modern,
completely equipped and free from encumbrance save for three small pur¬
chase mortgages aggregating $230,000, which are being reduced on an
amortization plan.
The factories are located at Tarrytown, N. Y.; New¬
castle, Ind.; Providence, R. I.; Hartford, Conn.; Detroit, Mich.; Pittsfield,
Mass.; Newark, N. J., and Dayton, Ohio.
Accessory warehouses are at
New York, Chicago and Philadelphia.
Volume of
-
_
Sales and Net Profits of Affiliated Companies for the Last Five Years
Sales.
Net Profit.
1905-06--$4,261,356
$490,737
Companies Included—
Year.
6,885,965
1,133,604
8,158,604
-13,271,714
.17,954,228
1,406,857
2,277,120
2,878,360
1906-071.
[ The figures for 1909-10 do not
comprise a full year, but
cover the operations of the
several cos. for periods of
Maxwell-Briscoe Motor Co., Dayton Mo¬
tor CarCo.,BriscoeMfg. Co. .Gray Motor
Co., Providence Engineering Works.
Same as In 1905-06,with Brush Runabout
Co. added.
Same as in 1906-07.
Same as In 1906-07.
Maxwell-Briscoe Motor Co. (10 mos.);
Dayton Motor Car Co. (10 mos.)
Courier Car Co. (10 mos.); Briscoe
Mfg. Co. (6 mos.); Providence Eng’g
Works (6 mos.); Gray Motor Co. (9
mos.); Columbia Motor Car Co. (9
mos.); Brush Runabout Co. (6 mos.).
from 6 to 10 mos. as shown,
of which 5 mos. under U. S.
Motor Co.]
Assets and Output.—The above
companies manufacture the following
Stoddard-Dayton, Maxwell, Columbia, Brush, Courier, Alden-Sampson.
The plants are well balanced and control the manufacture of practi¬
cally all the component parts.
The maximum capacity Is conservatively
cars:
Oot. 11910. |
THE CHRONICLE
estimated at 53,000 automobiles per annum.
Half of this quantity can be
manufactured, however, with good manufacturing economy
The average retail price of the automobiles made by the
company for
the year 1909-10 was $938.
The product consists largely of popular-priced
models, our policy being to produce economically-maintained automobiles
which will show greater efficiency and economy than the horse-drawn ve¬
hicle.
That this policy is wise is evidenced from the constantly-growing
demand for our product from farmers, business houses and physicians and
for general utility service.
In addition to the popular-priced lines, the
company manufactures the Columbia and the Stoddard-Dayton.
In the Alden-Sampson Mfg. Co., the company secured the most
highlydeveloped heavy-duty truck designs to date. The company has orders on
Its books for these vehicles to keep its plant at Pittsfield, Mass.,
running for
several months, and is now developing delivery wagons to sell for from $650
to $1,150 and light trucks to sell for from $1,500 to $3,000.
Orders al¬
ready placed indicate that the capacity of the plant which the company Is
erecting at Detroit for the manufacture of delivery wagons and light
trucks will be taxed to the utmost from the day of Its completion.
The
profits accruing from this department have not shown in the past in any of
the company’s earnings.
(V. 90, p. 1494.)
The Gray Motor Co. is the largest manufacturer of marine motors in the
United States, and also a large manufacturer of motors of stationary
type.
Through the Providence Engineering Works (organized in 1852, the first
Corliss steam engine having been developed at its factory), the
company
manufactures steam engines, both reciprocating and turbine.
These en¬
gines are used by such concerns as the Brooklyn Rapid Transit and the
N. Y. Edison Co.
The turbine development, it is believed, will lead to a
business of enormous volume.
This company likewise produces
large gas
engines and gas-producers, also automobile gearing and accurately-ma¬
chined parts, its customers including some of the largest automobile com¬
panies In the United States.
This company also controls many patents.
The Briscoe Mfg. Co. controls many patents on radiators and has manu¬
factured for some years past from 60,000 to 100,000 radiators and sheet-
metal automobile sets per year.
Patents.—The affiliated companies own more than 140 patents,
many of
them (Columbia series) taken out from 1898 to 1904, and in numerous in¬
stances believed to be fundamental.
The Selden patent was placed
by
contract with the Association of Licensed Automobfe Manufacturers, who
pay all expenses of adjudication and receive a large part of the royalties
paid under it (V. 91, p. 468).
Many of the other patents owned are being
used by other automobile companies, and a considerable sum in
royalties
could undoubtedly be collected.
They should be an influence for con¬
servatism in the industry.
Current Assets & Liabilities June 1 1910 (U. S. Motor Co. & Affiliated
Cos.)
Current Assets ($ 10,560,906).
I
Current Liabilities ($4,529,238).
Cash on hand and in banks$ 1,841,2971 Notes & current acc’ts pay$3,642,G15
Acc’ts & notes receivable. 2,313,484 ! Prepayments on orders
768,784
Inventory—materials, &c.,
I Accrued wages <3b expenses
6,406,125]Current
at cost
assets
over
117,838
11a-
I
bilities
$6,031,668
The total business of the company for three months
past has averaged
over
$3,000,000 per month.
The quarterly dividend on pref. stock has
been paid regularly since date of organization.
It is believed that many economies will result from
co-operation by the
different companies interested.
Certain lines of cars will be grouped to sell
through a single sales organization, resulting in considerable saving in rents.
The savings accruing to the company as a buyer and seller
will, it is esti¬
mated, equal the dividends on the pref. stock.
Large reserves are made
annually for depreciation of plants, &c.; this item stands on the books at
$687,073 as of June 1 1910 (see also balance sheet, &c., in V. 91, p. 394).
Physical Value of Combined Plants & Equip't June 1 1910—Total,$5,935,041.
Appraised value of land used for plant purposes (approximately) $650,000
Machinery and appraised value of buildings (largely new, fire¬
proof buildings)
:
5.285,041
The affiliated companies own also several hundred
building lots and over
100 modern dwellings, together worth over $250,000; various store
proper¬
ties in cities in which It has branches, including a 7-story
Charlesgate Bldg,
in Boston and a 7-story and basement office
building, 61st to 62d St., next
to Broadway corner, N. Y. City.
The sales organization consists of 28 subsidiary selling companies oper¬
ating branch houses in the large cities of the country.
From these branch
houses radiate over 1,400 dealers, who sell the company’s cars. All of the
branch selling companies are profitable, and their aggregate profits for the
period of ten months ending July 1 1910 have been approximately $357,000,
which profits are not included in any of the figures given above.
Future of the Motor Business.
It is believed by the management that the manufacture of moderatepriced automobiles constitutes the highest measure for success. There
were made and sold in the United States in 1905
(the latest compilation)
937,000 buggies, 133,000 business vehicles other than farm wagons, 61,000
delivery wagons, 12,000 heavy wagons and trucks and 505,000 farm wagons;
the grand total of horse-drawn vehicles made for the year 1905 was
1,737,000.
It is believed that the sale of automobiles will Increase
many years to come, and that the maximum
constituted will be taxed to the utmost to
now
rapidly for
capacity of the company as
supply the demand.
Output of Automobiles in United States for Season just Closed of 1910—Total,
Ujrwards of 180,000—Retail Value about $240,000,000.
Price—
.
No.
Total.
Price—
No.
Total.
$485 to $750.-16,000
$8,800,000 $1,601 to $2,000 8,000
$14,000,000
751 to 1,000.-40,000
41,650,000
2,001 to 3,000 15,000
36,000,000
1,001 to 1,250.-58,000
64,000,000 Over $3,000
12,000
42,000,000
1,251 to 1,600.-22,000
33,000,000|
If, therefore, the automobile is to supplant the horse, there should be a
market for many times the number of automobiles heretofore sold
annually.
(See also V. 91, p. 394; V. 90, p. 1682).— V. 91, p. 468.
(Report for Fiscal Year etiding June 1 1910.)
Superintendent T. J. Grier, Lead, So. Dak., June 1 1910,
wrote in substance:
During the year everything connected with the operation and develop¬
property ran smoothly until Nov. 24, when a cessation of op¬
eration and also of all development, excepting work on our
hydro-electric
power plant on Spearflsh Creek, was caused by union men refusing to work
with non-union men.
On Jan. 9 operations were resumed at limited ca¬
pacity with non-union men, and on March 3 full capacity was reached and
continues with operatives of that
persuasion. The 24,000 ft. tunnel-water
conduit on Spearflsh Creek for the hydro-electric power plant has been
82% excavated and the intake dam is well under way.
Bids for power¬
house equipment, &c., have been invited.
During the 12‘months there
were excavated 157 ft. of raises, 14,239 ft. of drifts and 35ft. of shsft. We
have broken in the mine 1,824,623 tons of ore and
enough blocked out but
unbroken to supply our 1,000 stamps for 20 years.
RESULTS FOR YEARS ENDING MAY 31.
ment of the
gold
ore
milled..
Average proceeds per ton
Total proceeds of bars..
Inc. from fdy. supp.,&c.
Total income.
_
1909-10.
1908-09.
1907-08.
1,237,381
$
1,505,302
$
1,459,000
$
Oper. and gen.
1906-07.
1,264,177
$
3.637
3.803
3.251
3.592
4,498,751
122,484
5,725,047
140,607
4,717,746
*191,758
4,541,096
•246,687
4,621,235
5,865,654
4,909,504
4,787,783
3,304,743
92,797
3,967,866
93,504
Deduct—
3,405,129
3,095,382
69,760
102,104
250,000
1,803
7,447
1,969
3,585
Construction and surveys
327,742
116,594
326,931
107,351
Taxes
106,990
81,772
74,729
115,520
Interest and discount
10,941
Divs.on $21,840,000 stk(4 M) 982800(6 X) 1365000(2 M) 546,000(5 H) 1201200
expenses
Ellison shaft
Bills payable
Property purchase
.
_
_
_
_
Total deductions
Balance
4,816,875
defl95,641
Surplus brought forward
677.389
Total surplus
•Includes $100,000 from
1906-07.—V. 90, p. 852
481,748
“bills
Federal Telephone & Telegraph Go., Buffalo, N. T.
(Report for Half-Year ending June 30 1910.)
President B. G. Hubbell says in brief:
The company has Increased Its net
earnings for the six months ending
June 30 1910 by more than 50% over the same
period of 1909 and by about
30% for the half-year ending Dec. 31 1909.
The public of Buffalo alone is
using the service of this company more than 60,000,000 times per annum.
Liberal charges have been made against the gross income for maintenance
of the
jphyscal property and a considerable reserve has been set aside for
depreciation. The company connects with every city and practically
every village and hamlet in the district in New York State west of Syracuse
(more than 1,200 in all).
„
STATEMENT OF INCOME AND EXPENSES FOR HALF- YEARS.
Six Months ending—
June 30 ’10.
Exchange rental and tolls
$428,480
Service, maintenance, gen’l & taxes— 183,588
Net earnings
Bond interest
Balance, surplus
Dec. 31 '09.
June 30 ’09
$389,118
176,063
$374,70£
$244,892
123,914
$213,055
119,645
$195,710
116,714
$120,978
$93,410
$79,005
178,983
BALANCE SHEET JUNE 30 1910 AND JUNE 30 1909.
1910.
1909.
1910.
1909.
Assets—
$
%
Liabilities—
$
$
Cost of properties. 10,402,785
9,950,800 Capital stock
5,279,850 5,095,850
New construction.
259,640
101,331 Bonded debt
5,096,600 4,828,800
Furniture & flxt’s.
14,187
7,507 Accounts payable81,924
86,706
Tools
1,594
1,547 Advanced payment
Cash
on service
22,687
13,084
26,120
Accts.
and
receivable
bills
172,530
5,125
88,461
2,962
Cap. stk. oth. oos.
Supplies, &c
Unexpired Insur..
Accrued taxes and
interest
Reserve for depr’n
157,017
4,885
59,343 Undivided profits.
2,704
Total
10,969,971 10,298,218
—V. 91, p. 719, 591.
Gulf
Total
28,807
25,224
85,256
6,357
374,997
251,698
10,969,971 10,298,218
Refining Company.
(Bal. Sheet of Jan. 1 1910 and-1909, Filed in Massachusetts.)
Assets—
Real estate
'
1910.
1909.
Liabilities
1910.
1909.
and
Capital stock
$1,500,000 $1,500,000
machinery
$2,187,055 $2,201,520 Accounts payable. 3,153,280 1,815,024
Material, stock in
Surplus
51,398
51,390
process
1,844,625
1,800,279 Funded debt
750,000
750,000
Cash and debts re¬
Floating debt
160,000
520.000
ceivable
2,600.065
1,480,959 Profit and loss
1,017,067
846,334
Total
—V. 88. p. 1433.
$6,631,745 $5,482,758
Total
$6,631,745 $5,482,758
GENERAL INVESTMENT NEWS,
RAILROADS, INCLUDING ELECTRIC ROADS.
Atlantic Shore Line Ry., Sanford, Me.—Plan.—The plan
under which all of the 2d M. 6s and about 90% of the refund¬
ing bonds have been deposted was prepared under agreement
following committee, which was given
declare the plan operative.
of May 19 1910 by the
the absolute power to
John F. Hill, Ernest J. Eddy, Frederick O. Conant, E. Burton Hart
Albert H. Bickmore, Wiliam BInney Jr., James H. Caldwell and Franci
Henderson, as a committee acting on behalf of the holders of the refunding
mortgage 4% bonds and the 2d mtge. 6% bonds and of the first pref. stock
with the Knickerbocker Trust Co. of N. Y. and Fidelity
Trust Co. of Port
land. Me., as the “depositaries.”
This committee was formed in view of
the fact that the railway had made default in the payment of interest
upon
certain of the issues of underlying bonds constituting liens
prior to the
lien of the said refunding mortgage and said 2d 6s; also
upon said refunding
bonds and said 2d mtge. bonds.
The plan has not yet been declared
operative and deposits are still being received. Just what coupons are
now in default is not made known, but the Knickerbocker Trust Co. an¬
nounces that it will pay the coupons due Oct. 1 1910 on the old 1st consols.
Abstract
of
Plan
of
Reorganization—New Company—New
Securities.
A new corporation, to be organized under the laws of Maine, shall
acquire
the property (or as to the portion in New Hampshire the stock of any cor¬
poration formed to own the same) subject to the mortgage debt[$ 1,743,500—
p. 103of “Elec.Ry. Section”] underlying the lien of its refunding mort¬
gage 4% bonds and Its 2d mtge. 6% bonds, and shall create:
“Second and general lien mortgage” 5% bonds, redeemable on
any
interest date at 102% and int.
To be Issued for sale at 80%
and int. (with 100% bonus in stock) to
complete car barn at
Kennebunkport, for necessary improvements, for payment of
interest accruing up to and incl. July 1 1910 on the underlying
bonds and otherwise for reorganization expenses
Total issue.
$150,000
see
_
Homestake Mining Company.
Tons of
869
5,632,183
sur233,471
443,918
4,498,222
sur411,282
32,636
4,812,378
def24,595
57,231
677,389
443.918
32,636
payable” in 1907-08 and $150,000 in
Refunding mortgage (with a lien subordinate to said “2d and gen.
lien mtge.”) to secure an issue of 20-year gold bonds bearing
interest from April 1 1910, limited to $2,600,000, viz.:
a Reserved (bearing interest at such rates as shall be from time
to time determined, but not exceeding 5% per annum) for
issue from time to time, par for par, for the $1,743,500 un¬
derlying lien bonds now outstanding, and aforesaid new
$150,000 “2d and general lien mtge.” bonds
$1,893,500
b Now issuable (as 4% bonds, but with interest for first five
years payable only if earned) to depositors (a) of the $953,500 outstanding refunding mtge. 4% bonds (other than $238,000 pledged under the present 2d mtge.) and (b)of the $330,000 2d mtge. 6% bonds outstanding—In both cases, $500 in
new bonds for each $1,000 old bonds deposited
c. Remainder (bearing
interest at 4 % per annum) reserved for
improvements
or
additions
641,750
$64,750
Cavital
Stock, all of one class, authorized, $1,000,000—
Issuable to depositors of (a) ref. mtge. 4% bonds at rate of
$500 stock for each $1,000 bonds and (b) 2d mtge. 6%
bonds at rate of $750 stock for each $1,000 of bonds
Issuable (as 100% bonus) to the purchasers ci <. e $150,000 “2d
& general lien” bonds to be sold as above
To be lodged in treasury of new company or used for its cor¬
porate purposes
-
724,250
150,000
125,750
—Will be Exch. for—
Amount
Each $1,000 of Deposited—
Outstanding. Ref. Bonds.
Stock.
Old refunding bonds
$500
$500
$953,500
Old second mortgage 6s
330,000
500
750
The depositors of the pref. stock of the railway shall have the first right
to subscribe
proportionately at 80% and interest for the $150,000 of “2d
and general lien mtge.” bonds, accompanied by $150,000 stock.
No pro¬
vision is made herein for the holders of the 2d pref. or common stockof the
railway.—V. 91,
p.
716.
Boston Elevated
Ry.—Report.—For the nine months end¬
ing June 30 1910:
Gross
Tot. Net
Charges
Dividends
Bal.,
Earnings.
Income.
&Dep’n.
Paid.
Sur.
Period Covered—
$
$
$
$
$
9 mos.end. June30 '10 11,383,686 4,198,288 3,589,342*(3)598,500 10,446
Year end. Sept. 30’09.14,493,853 5,005,369 4,163,952 (6)802,503 38,914
*
Six months’ dividend (3%).—V. 91, p. 335.
Boston & Worcester Street
months
ending June 30 1910:
Ry.—Report.—For the nine
870
THE CHRONICLE
f Covered-*
Period
Gross
Earns.
Net
Int. &
Balance,
Dividends.
Earns.
Taxes.
Paid.
Sur.orDef.
$
$
$
$
$
8 mos.end.June 30’10 369,243 124,686 128,646 *(1M%)30,375 def.34,334
Yr. end. Sept. 30’09_577,5U 256,417 178,953
(3%)60,750 sur.16,714
*
This is the dividend paid Jan. 1910; July dividend was deferred.—
V. 90, p. 770.
Caldwell & Northern.—Sale.—See Carolina & Northwest.
Carolina & Northwestern Ry.—Acquisition.—The com¬
[VOL.
LXXXXI
suit in the Circuit Court at Grand Rapids, Mich., to collect
back taxes alleged to be due the State amounting, according
to press
despatches, to about $3,000,000.
Under the special charter of 1860, the road pays a tax
of only 1% on its
capital stock.
The State Supreme Court in June 1909 held the charter to
be perpetual and set aside the additional tax sought to be imposed.
The
State is now endeavoring to have the capital alleged to be actually invested
used as a basis for taxation instead of the capital stock appearing on the
company’s books, and thus to collect a much larger amount of taxes, say
about $50,000 a year in addition to the $25,178 heretofore paid.
Com¬
pare V. 88, p. 1620; V. 82, p. 986.
July 1 1910 acquired by purchase the Caldwell &
RR., extending from Lenoir to Edgemont, N. C.,
Detroit Toledo & Ironton Ry.—Consolidated bonds Valid.
23^ miles, which was formerly controlled, and the line from
—-Judge
Swan in the United States District Court at Detroit,
Chester, S. C., to Edgemont, N. C., 1333^ miles, is now
Mich.,
on Sept. 23 held valid the issuance of the $5,000,000
operated as the Carolina & Northwestern Ry. The bonds consolidated bonds
which, with the Ann Arbor RR. stock,
of the Caldwell & Northern, $543,000 1st M. 5s, due June 1
constitute the collateral for the $5,500,000 D. T. & I. notes
1957, were assumed in the purchase.—V. 77, p. 348.
of 1905.
The bonds were issued to purchase control of the
Central New England Ry.—Sales of Stock.—It was an¬ stock of the
Ann Arbor RR.
This makes the wiiole amount
nounced this week that the offer of the New Haven road of $45 of these
bonds issued as $9,356,400.
An appeal, it is ex¬
a share for the preferred and $22 50 a share for the common
pected, will be taken.—V. 91, p. 589, 518.
stock, made recently through Joseph Moore Jr. of Philadel¬
Detroit (Mich.) United Ry.—$1,500,000 Offered to Stock¬
phia, had been accepted by the owners of all but 300 shares holders
for Underwriting at 82 3^ to Provide for Outstanding
of the total Philadelphia holdings, which had been turned
over to the New Haven.
Of the remaining 300 shares, at Gold Notes and Permit Resumption of Dividends on Stock.—
A circular issued by President J. C. Hutchins says:
least 125, it is stated, are held by a man who is abroad, with
Since the discontinuance of the dividend on the stock in 1907,conditions
whom it has not yet been possible to communicate.— have
been such as to seriously Interfere with the financing of the property.
The marketing of bonds having been retarded by the attitude of the city,
V.£91, p. 654, 396.
it has been necessary, to meet capital expenditures in the main out of earn-,
BCherryvale Oklahoma1^* Texas Ry.—Mortgage Filed.—A lngs Instead of from sales of bonds which under the existing circumstances
pany on
Northern
,
mortgage, it is stated, has been filed at Bartlesville, Okla.,
Carnegie Trust Co. of New York to secure an author¬
to the
ized issue of $20,000,000 bonds.
P|
Some work, it is reported, was done during last summer, Put lately
construction has been at a standstill.
It Is hoped to be able to resume at
once and place a section of the road In operation before the first of the
year.—V. 89, p. 918.
Chesapeake & Ohio Ry.—Re-sale of Convertible Bonds.—
underwriting syndicate which last spring purchased the
portion of the $31,390,000 4}^% convertible bond issue not
taken by the stockholders, being an amount reported as
about $11,000,000, has, it is understood, sold a part of its
holdings and given art option on the balance.
The sale was negotiated by Kuhn, Loeb & Co.
Listed.—The New York Stock Exchange has listed $1,500,000 additional general M. 4^% bonds, due 1992, mak¬
ing total listed to date $45,914,000.
The
The $1,500,000 bonds have been issued for double-track at not exceeding
$25,000 per mile.
The number of miles of second main track the construc¬
tion of which is completed and for which bonds have been heretofore certi¬
fied is 242.85 miles.—V. 91, p. 78G. 802. 654.
Chesapeake & Ohio Ry. of Indiana.—Suit.—Prosecuting
Attorney George A. Custer by direction of Governor Marshall
of Indiana on Sept. 24 filed a suit in the Cass Circuit Court
before Judge John S. Lairy to dissolve the company on the
ground of violation of State laws governing corporations.
The State contends, among other things, that the C. & O. Ey. (parent
company), a foreign corporation, has assumed control of the property
through the incorporation of the Indiana company (alleged to be a mere
dummy concern), in the operation of which it might evade or violate the
State laws while not being subject to the jurisdiction of its courts.
This is
claimed to be a violation of the laws governing domestic and foreign cor¬
porations.
The immediate cause of the action is stated to be the filing of
the new mortgage for the authorized amount of $40,000,000, only a por¬
tion of which ($8,200,000) has been issued to reimburse the C. & O. (parent
company) for the amount expended in the acquisition of the predecessor
company (the Chicago Cincinnati & Louisville) from the purchasers at the
foreclosure sale, and payments made to Sept. 15.
Compare C. & O. report,
V. 91. p. 803 —V. 91. p. 654, 153.
HChicago Milwaukee & St. Paul Ry.—Yew; Director.—
Stanley Field of Chicago has been elected a director to
succeed Frederick Layton of Milwaukee, who retires after
25
years’ service.—V. 91, p. 651, 38.
Chicago Southern Ry.—Foreclosure Sale.—See Southern
Indiana Ry. below.—V. 91, p. 336.
Chicago Transfer & Clearing Co.—Lease.—The “Stickney tract” on the West Side of Chicago, acquired by this
company in 1891, but long idle,‘has been leased in part to the
Chicago & Alton RR. Co. for storage of cars. The Chicago
& Eastern Illinois, it is said, will also use a portion of the
yards for similar purposes.—V. 85, p. 220.
Columbus (0.) Railway & Light Co.—Dividend Omitted.—
No dividend has been declared on the $5,000,000
stock,
payable to-day, owing no doubt to the present strike which
began on July 24 last and is not yet settled, although there
has been partial operation of the lines for some time.
In
Jan., April and July 1910 % of 1% each was paid.
Dividend Record
1906.
2
1907.
-V. 90, p. 1238.
2M
(Per Cent).
1908.
2
1909.
2M
Connecticut
Company.—Re-financing.—See
New Haven & Hartford RR.—V. 87, p. 873.
1910.
2M
New' York
Denver City Tramway.—Option to Exchange Metropolitan
Bonds due Jan. 1 1911.—The company will on Jan. 1 1911
the principal and interest of the $953,000 Metropolitan
Ry. 1st M. 6s, then due, at the Mercantile Trust Co., 120
Broadway, N. Y. City.
Clark, Dodge & Co., New York, and the International
Trust Co., Denver, are prepared at any time prior to
maturity
to exchange for the above-mentioned bonds, at 100 and
int.,
to that date, the “first and refunding” sinking fund
mortgage
25-year 5% gold bonds of the Denver City Tramway Co. at
95 and int. to date of exchange, as provided for by the
Denver City Tramway mortgage, or to purchase the
maturing
bonds at 100 and int. to date of delivery.
See advertisement
on another page.—V.
90, p. 109.
Detroit Grand Haven & Milwaukee Ry.—Second Tax Suit.
-Attorney-General Kuhn of Michigan on Sept. 20 instituted
pay
could not be
Since the
advantageously sold.
beginning of 1907 over $4,000,000 has been expended out of
earnings and the financial position of the company materially strengthened.
And In addition to the necessary upkeep and development and providing for
the floating debt which existed In 1907, $l,500,000has been paid on account
of the $3,000,000 three-year gold notes which were then outstanding, leav¬
ing a balance of $1,500,000 still to be met.
If this amount can be provided
for, it is the intention to resume dividends, and the co-operation of the
shareholders is asked for this purpose.
Of the bonds held in the treasury, $1,500,000 are now offered to share¬
holders to be underwritten at 82
the intention being to obtain a loan
on the bonds and underwriting for one year fro m Feb. 1911 which will pro¬
vide for the payment of the $1,500,000 balance due on the $3,000,000
The price at which the bonds are being offered will yield a
gold notes.
return of about 6% on the Investment.
It is hoped that before the expiration of the year during which the loan
is to be carried that the differences between the city and the company will
be satisfactorily adjusted,enabling the bonds to be sold, and relieving thn
underwriters of their obligation, for which they will then receive a bonus
of 2% on the amount of their respective underwriting.
As the question
of the resumption of dividends will entirely depend upon the required
amount of the underwriting being obtained, shareholders are particularly
requested to assist in getting the full amount taken up.
Decision.—The Michigan
fused to grant a re-hearing
Supreme Court on Sept. 28 re¬
from its decision that the com¬
pany must sell workingmen's tickets at the rate of 8 for a
quarter within the specified hours and w ithin the city limits,
as
extended.
case In point was brought by a resident of the former village of Fairview, now a part of the Seventeenth Ward of Detroit.
It is expected that
an appeal will be taken to the U. S. Supreme Court.—V. 91, p. 790, 397.
The
Fitchburg RR.—Stock Authorized.—The stockholders o»
Sept. 28 ratified the proposition to issue $400,000 additional
preferred stock to provide for permanent additions and im¬
provements and the payment of debts and obligations under
the lease to the Boston & Maine.—V. 91, p. 716.
Fonda Johnstown & Gloversville RR.—Report.—For the
year ending June 30:
Fiscal
Tot.Oper.
Oper.
Other
Total
r
Divs.
Bal.,
Year.
•
Revenue.
Income. Income.
Deduc'sl
Paid.
Surp.
1909-10
$30,352 $353,650 $80,000 $37,174
.$904,751
$440,472
1908-09
792,659
380,285
369,607
3,750
30,526
37,454
Dividends In 1910 Include $30,000 (6%) on the pref. stock (against $3,750,
or H%, In 1909) and $50,000 (2%) on the common.—V. 91, p. 336, 38.
Illinois Tunnel
Co.—Payment of Interest.—Judge Kohlsaat
yesterday authorized the receivers to
pay the semi-annual interest on the $665,000 Chicago Dock
Co. 4% bonds due to-day.—V. 90, p. 849.
Interborough Rapid Transit Co., New York.—New Offer
to City.—The Public Service Commission will hold a public
hearing this morning upon a new plan which, it is understood,
the Commission tentatively approves, for extending the com¬
pany's system and increasing its facilities. In effect, the
company offers to turn over to the city the title to the Steinwray tunnel, valued at $7,000,000, on condition (1) that the
company shall be permitted to operate said tunnel on the
same basis as the present underground road (the portion ex¬
tending from the City Hall northward), giving free transfers
to and from the present subway; (2) that the city shall meet
the cost of completing the tunnel ready for operation be¬
tween the Grand Central Station and Jackson Ave., Long
Island City, said cost (about $1,500,000) to be reimbursed
to the city out of the earnings of the property; (3) that the
company shall be allowed to third-track the Second, Third
in the Federal Court
and Ninth Avenue elevated lines and to build elevated roads
(a) from 143d St. via Willis and Bergen Avenues to West¬
Webster
(c) from
Eighth Ave. and 149th St. via Center Ave. bridge and 162d
St. to River Ave.; (d) connection for Second Ave. elevated
with Queensboro Bridge, Second Ave. elevated trains to be
operated to and from Long Island City bridge plaza without
additional fare.
See annual report, V. 91, p. 713.
New Financing.—The new financing through prominent
bankers referred to under Interboro-Metropolitan Co. in our
last issue, it is now said, will be for the purpose of providing
funds for treasury use and possibly for the proposed thirdtracking of the elevated roads. Provision will also be made
for the refunding of the $23,359,000 Interborough Rapid
Transit notes maturing May 1 1911 and the $2,549,000
Interborough-Metropolitan notes maturing July 1 1911.—
chester Ave.; (b) from Third Ave. via Pelham Ave.,
Ave. and Gun Hill Road to White Plains Road;
V.191,
p.
713, 271.
OCX. 1
1910.]
THE CHRONICLE
International & Great Northern RR.—Sale Adjourned.—
Judge McCormick in the United States Circuit Court on
Sept. 28 at the request of the second and third mortgage
bondholders’ committees and receiver Freeman issued an
order postponing the foreclosure sale of the road from Oct. 6
until the third Tuesday in May, after the Legislature con¬
venes, in order to give it an opportunity to repeal the law
recently passed by it “validating” the claims of unsecured
creditors (V. 91, p. 589).* Judge McCormick says that in
view of the law a sale at this time wrould be injudicious.
—V. 91, p. 655, 589.
Kansas City Railway & Light Co.—Syndicate.—The
syn¬
dicate headed by Lee, Higginson & Co., which last spring
underwrote Metropolitan Street Ry. Co. of Kansas
City and
Kansas City Ry. & Light Co. notes and bonds to a total of
$8,218,000, it is announced, has been closed, all of the
syndicate holdings having been sold.—V. 90, p. 790.
Montreal Street Ry.—Directors recommend Holding Com¬
pany to control Street Ry. and Montreal Light, Heat & Power
Co.—Secretary Patrick Dube, in a circular dated Sept. 27,
addressed to the shareholders, said in substance:
Your directors, In conjunction with the directors of the Montreal Light.
Heat & Power Co., have ascertained the relative value of the two companies
being $250 per share for the Montreal Street Ry. Co. and $190 per share
for the Montreal Light, Heat & Power Co.
Both boards are of opinion that
the Interests of their shareholders will be best served by an Intimate union
which can be best effected through a holding company that would
exchange
Its securities for the shares of the two companies on above basis.
as
Net Income for Past Three
M. S. Ry.
1907
1908
1909
Years.
M.L.H.& P.Co.
Total.
$1,047,467
1,745,848
$2,687,825
$1,040,358
1,136,411
2,882,259
1,229,676
1,911,201
3,140,877
exchanged upon the basis outlined,
this would Imply a capitalization for the holding company of
$57,300,000,
on which the total net Income, as
above, would be: 1907, 4.69%; 1908,
5.03%; 1909, 5.48%.
The current fiscal years of each company will show
that the rate of Increase in the net income has been fully maintained,
notwithstanding the liberal reductions in gas and electric rates during the
past three years; and with contemplated economies after union, a further
Increase In the combined net income can be expected.
An expression will be asked from the shareholders at the next general
meeting.—V. 91, p. 655, 589.
^'Assuming that all the shares
were
N. 7. & Long Island RR.—Agreement to Turn Over
Prop¬
erty to City—Latter to Complete Tunnel.—See Interborough
Rapid Transit Co. above.—V. 90, p. 1614.
New York New Haven & Hartford
RR.—Re-financing of
Subsidiary.—Press despatches state that arrangements have
been completed for re-financing the Connecticut Co., the
company’s subsidiary, under which the New Haven Co. will
take care of its bonds as they mature, thus ultimately leaving
the Connecticut Co. free from debt.—V. 91, p. 337, 154.
New York & North Shore Traction Co.—New Line.—This
company, organized Aug. 16, as the Mineola Roslyn & Port
Washington Traction Co., put in operation on Aug. 12 1910
new line between
Whitestone, Bayside and Flushing.
Upon completion of a link of about % of a mile between
Douglaston and Bayside, which will be opened within the
its
RR., has called
871
meeting of its stockholders for Oct. 12 to
$60,000,00CLto
An official statement says:
a
increase the authorized capital stock from
$100,000,000.
The annual meeting of the Oregon Short Line Ry. Co. occurs Oct. 12, and
the purpose Is to avail of the opportunity afforded by the annual meeting to
secure an amendment of the charter to authorize an increase in the
capital
stock of the Oregon Short Line If such Increase should at any time seem de¬
sirable.
If made, it will be In connection with an adjustment of the ac¬
counts with the Union Pacific, to which the Oregon Short Line is Indebted,
and all of It, of course, will be taken by the Union Pacific, which, as Is gen¬
erally known, now owns every share of Oregon Short Line stock.—V. 89,
p. 994, 42.
Portland (Me.) RR.—Ronds Offered.—Maynard S. Bird &
Co., Portland and Rockland, Me.,are offering, at a price to
net the investor about 4%,%, the unsold portion of
$250,000
first consol, mtge. 3}^% gold bonds, due July 1 1951 but
callable after July 1 1931.
Par $1,000 and $500. These
additional bonds are issued for the purpose of
paying for
improvements and acquisitions made in the last few years.
Total authorized, $3,000,000; outstanding, $1,600,000; re¬
served to retire bonds due in 1913 and 1915, $900,000, and
for future extensions and add’ns, $500,000. A circular
says:
The stock ($1,998,800 issued) Is closely held by Investors and prominent
financial men of Portland, and very seldom offered on the market.
On
basis of last sale of stock there is a value over and above the bonds of $1,800,000.
Nearly $1,250,000 of these bonds are owned by bankers and in¬
vestors in Portland.
Earnings for Year ending June 30 1910.
Gross earnings
$892,8011 Int. on bonds now out
$98,500
Net earnings (after taxes)
197,9951 Balance, surplus
99,495
Controls, without competition, all (electric) roads entering Portland,
and the entire street railroad business in the cities of Portland, South Port¬
land, Saco, Westbrook and towns of Cape Elizabeth, Falmouth, Gorham,
Old Orchard, Scar boro, South Windham and Yarmouth, with a total of
102 miles.
The property is In a very high state of efficiency.—V. 73 ,p. 139.
Public
Service
Corporation of New Jersey.—Collateral
Notes Sold.—Drexel & Co. and J. P. Morgan & Co. have
pur¬
chased the entire issue of $4,000,000 collateral 3-year 5%
gold
notes, dated Oct. 1 1910 (par $1,000; int. A. & O.), secured
by deposit of $5,000,000 of the company’s general mortgage
bonds.—V. 91, p. 717, 397.
Scioto Valley Traction Co., Columbus, O.—New Directors.
—J. D. Ellison and William N. King have been elected
directors to succeed E. K. Stewart, Gen. Mgr. of the Colum¬
bus Ry. & Light Co., and W. S. Courtright, President of the
Union National Bank, who resigned.—V. 87, p. 679.
Seaboard Air Line Ry.—New Director.—W. K. Whigham
of London has been elected to the board in place of C. Sidney
Shepard. N. S. Mel drum succeeds Mr. Shepard on the
executive committee.—V. 91, p.
461.
Sedalia (Mo.)
Light & Traction Co.—Deposits.—The bond¬
protective committee, Otto T. Bannard, Chairman,
announces
that $494,000 of the issue of $749,000 bonds has
been deposited with the New York Trust Co. or at
Chester, Pa.
holders’
The Trust Co. will receive further deposits subject to the formal extension
of the time, which expired Sept. 27, by the committee, issuing its temporary
receipts therefor.
Compare V. 91, p. 717, 519.
Sheboygan Light, Power & Railway Co.—Reorganized.—
Sheboygan Railway & Electric Co., V. 90, p. 111.
next four or five weeks, the company will have in
operation
Sheboygan
(Wis.) Railway & Electric Co.—Successor
the whole road as projected, embracing about 373^ miles of
Company—New
Bonds.-—This company was incorporated in
track (29 miles of road, of which 8% miles are double tracked)
Wisconsin on June 8 1910, and on Aug. 15 it acquired by
extending from Whitestone southerly to Flushing (Greater deed from the
Sheboygan Light, Power & Railway Co.
New York),thence easterly via Bayside to Roslyn and from
(V. 90, p. Ill) all of the latter’s properties and franchises.
there notherly to Port Washington and southerly to Mineola
A mortgage has been made to the Wisconsin Trust Co. of
and again easterly to Hicksville.
Milwaukee, Wis., as trustee, dated Aug. 15 1910, to secure
Capitalization. Stock authorized, $1,250,000, in $50 shares; issued, $150,an issue of $600,000
000; first mtge. 40-year 5% gold bonds, dated 1907 and due Sept. 1947
sinking fund “refunding and improve¬
(but callable at 102 and Interest on any interest day), total auth. amount,
ment” 5% gold coupon bonds due 1926, but redeemable on
$1,000,000; Issued, $350,000; par $1,000.
Interest M. & S. in New York
any interest day at 105 and interest; $160,000 have been
or at office of trustee, Citizens’ Savings & Trust Co., Cleveland.
Directors:
Pres., Geo. A. Stanley; V.-P. and Sec., James A. McElhlnny; Treas., Geo.
issued to fund floating debt.
F. Scofield: Asst. Treas. and Gen. Man., Geo. B. Thomas; John J.
See
Stanley,
Benjamin F. Hamilton, Benjamin R. Duff, Edward C. Davis and Charles
Stanley.
New York Ontario & Western Ry.—Mr. Loree
a
Director.—
L. F. Loree, President of the Delaware & Hudson Co., has
been elected a director to succeed Grant P. Schley, resigned.
Of the
new
bonds $400,000 are reserved to retire
a
like amount of She¬
boygan Light, Power & Railway Co. 1st M. bonds, dated 1896 and due
April 1 1926, and $160,000 have been Issued and are outstanding.
By an
agreement on the part of the holders of the consol, mtge. bonds of the
Sheboygan Light, Power & Railway Co. the new mortgage was made a lien
—V. 91, p. 652.
Northern Central Ry.—Proxies Urged.—Joseph Moore Jr.,
Chairman of the minority stockholders’ committee, says that
upon the properties prior to the consol, mtge. so that It comes In between
the 1st M. of 1896 and the consol, mtge. of 1903, this being necessary In
order to obtain new money.
The $612,000 consol. 5s, due July 1 1933,
remain outstanding as fixed-interest bonds.
Interest on tne new bonds
payable A. & O. at the office of the trustee.
The outstanding capital stock
of the new company Is $1,000 (not $100,000 or $1,000,000) In $100 shares.
Officers are: Pres, and Gen. Mgr., Ernest Gonzenbach, Sheboygan.; VicePres., W. O. Morgan (of Wherry & Morgan, attorneys-at-law), New York;
Sec. and Treas., August Westermeyer, Sheboygan; Asst. Sec. and Asst
Treas., John A. Chesney, Pittsfield, Mass.
of the lessee.
Southern Indiana Ry.—Foreclosure Sale.—Judge Kohlsaat
in the United States Circuit Court at Chicago on Sept. 28 en¬
tered orders for the foreclosure sales of the Southern Indiana
and the Chicago Southern, to take place as follows:
proxies are coming in well, and that they already have a
majority of the minority holdings and considerably more
than enough with the majority interest to ratify the proposed
lease legally, but not enough yet to satisfy the requirements
Mr. Moore further says:
Stockholders are urged to send in their proxies without delay, as little
more than two weeks remain before the
meeting. They would not enjoy
seeing the market price fall below probably $100 per share.
No point has
been raised by any stockholder that was not thoroughly familiar to the
minority committee.
Any attempt to defeat the lease would "be to assume
a grave responsibility in the
injury it would work to the great body of stock¬
holders.
The future of railroading indicates that It will become increasingly
difficult to earn between 11 and 12% on capital stock.
However, there is
no doubt regarding the result, as the
proposition is too favorable to be mis¬
understood by more than a few.—V. 91, p. 397, 790.
Ocean Shore Ry.,
Van Fleet has fixed
San Francisco.—Upset Price.—Judge
$1,000,000 as the upset price for the
property at the foreclosure sale Oct. 15, and has ordered that
$192,500 be set aside to meet preferred claims. The bonds
($5,000,000, about $2,000,000 pledged for floating debt)
are said to be
quoted at 28.—V. 91, p. 519, 337.
Ohio Traction Co., Cincinnati, O.—Dividends on Common
Resumed.—A dividend of 1% has been declared on the
$2,500,000 common stock, payable to-day to holders of
record Sept. 26, the only former dividend of the same amount
having been paid on Nov. 1 1909.—V. 89, p. 1142.
Oregon Short Line RR.—Stock Increase.—This company,
whose entire outstanding stock
($27,350,000; $109,400 ad¬
ditional being in the treasury) is held
by the Union Pacific
The Southern Indiana to be sold Nov. 3 at Terre Haute, Ind., by Master
Chancery Edward Daniels and the Chicago Southern Nov. 4 at Danville,
Ill., by Max H. Whitney as special master.
in
It is now expected that the new company
to be formed
to take over the two roads under the plan (V. 91,
p. 333, 337)
will be known as the Chicago Terre Haute & Louisville.
Bonds Sold.—F. J. Lisman & Co. have agreed
the $2,500,000 “first and refunding” 50-year 5%
issued immediately under the aforesaid plan for
tion purposes.—V. 91, p. 717, 655.
to purchase
bonds to be
reorganiza¬
Texas Central RR.—Meeting Postponed.—The meeting of
the stockholders to vote on making a new mortgage to secure
an authorized issue of $20,000,000 bonds has been adjourned
from Sept. 22 to Oct. 24.—V. 91, p. 652, 590.
Trenton Bristol &
Philadelphia Street Ry.—Lease Proposi¬
directors, it is stated, have rejected the
submitted by the Frankford Tacony &
Holmesburg Street Ry. The “Phila. Press” of Sept. 28 said:
tion Fails.—The
lease proposition
The plan was for the Frankford road to lease the Bristol line, the Bristol
Issuing bonds to such an amount that the net earnings would Just pay the
Interest, based on last year’s statement; then for the Frankford to operate
the Bristol road, dividing with It the surplus produced by the reduction In
\
873
THE CHRONICLE
[VOL.
LXXXXI.
=====
operating expenses and any increase in earnings.
According to an official
of the Bristol road, the directors are not contemplating any change In man¬
agement.
The company expects to Increase Its revenue by the develop¬
ment of Its freight and express-package business.
At reorganization, the
participating [stock] certificates were Issued to the bondholders, and the
directors have full control till the fall of 1912.1—V. 89, p. 780.
Union Pacific RR.—Sale of Refunding 4s in London.—
The following official announcement made on Sept. 26:
“The Union Pacific RR. Co. has placed with Kuhn, Loeb &
Co* and Baring Bros. & Co., Ltd., for issue in London by the
latter and Glyn Mills, Currie & Co., £1,500,000 first lien
and refunding mortgage 4% bonds. These bonds will be
issued in sterling denominations only.” Cable advices on
Sept. 28 announced that the public offering of these bonds
in London at 97 and int. had been completely, successful and
the subscription closed.
The bonds are additional to the
$50,000,000 sold Junel 1908 and $7,802,000 sold early in 1910,
making $65,302,000 outstanding, figuring $5 to the £1.
Large Stock Increase by Subsidiary with a View to Settle¬
ment of Accounts.—See Oregon Short Line RR. above.—V.
91, p. 718, 393.
|i &E9
United Railroads of San Francisco.—Listed.—The New
York Stock Exchange has listed $4,409,000 additional 4%
bonds due 1927, making the total amount listed $25,409,000.
The bonds have been sold since Sept. 1 1907, the proceeds being used to
purchase cars and rails, lay the latter, build new car barns, construct and
acquire electric machinery, equipment,and appliances necessary to recon¬
struct the company’s lines as electric railroads.
Earnings.—For 6 months ending June 30:
Six
Gross
Net
Months—
'Earns.
Earns.
1909-10
$3,754,861 $1,575,914
1908-09
3,658,905
1,483,572
—V. 91, p. 465.
Taxes
Paid.
Total
Deduct’ns.
Other.
Inc.
Balance,
Surp.
$220,100 $92,264 $1,238,097 $209,981
Boston, on or before Oct. 15 1910, and certificates will be ready for delivery
and after Oct. 25 1910.
The company will not buy or sell rights.—
V. 91, p. 791.
on
Western Ohio Ry., Lima, O.—Dividend.—The directors
have declared a dividend of 1K% on the $500,000 2d pref.
Compare V. 91,
p.
40, 155.
White Pass & Yukon Ry.—Rates Reduction Ordered.—
The Canadian Railroad Commission on Sept. 21, on the
petition of shippers, ordered
freight rates over the road.
a
sweeping reduction of
The
railway Is further ordered to cease discriminating against other com¬
panies in favor of the Atlas Mining Co., owning the Pueblo mines, and to
file with the Commission before Nov. 1 the tariff showing the discriminatory
rate heretofore existing, and the new tariff giving carload rates of $1 75 per
ton on ore and concentrates from Cariboo to
Skaguay.—V. 88. p. 687.
Wilmington New Castle & Southern Ry.—Foreclosure Or¬
dered.—Chief Justice Pennewill in the Court of Chancery at
Wilmington, Del., on Sept. 29, on application of the Real
Estate Trust Co. of Philadelphia, mortgage trustee, granted a
decree of foreclosure.
The application was resisted on the
ground of the illegality of the bonds, but the Court held the
bonds to be legal.—V. 85, p. 922.
Yonkers (N. Y.) RR.—Receiver’s Certificates Applied For.—
Receiver Leslie Sutherland on Sept. 26 applied to the Public
Service Commission, Second District> for permission to issue
$160,000 2-year 6% receiver’s certificates. The Supreme
Court on Aug. 27 last made an order granting authority to
issue the
same.
The proceeds of the certificates are to be used for additional equipment
in the sub-station of the company, at a cost of $48,500, the
relaying and
renewing of track on Warburton Ave., Yonkers, at a cost of $78,000, and
relaying and renewing track on Park Ave. and Palisade Ave. at an ex¬
penditure of $9,000. The balance of $24,500 is to be used to pay expenses
of placing tracks upon other streets in Yonkers.—V. 89, p. 594.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Dock & Trust Co.—Bonds Offered—Status.—
Pouch & Co., 40 Wall St., are offering for sale the com¬
pany’s 1st M. 5% gold bonds dated Sept. 1 1910 and due
Sept. 1 1930, but redeemable at 1023^ and int. on any int:
day. Interest M. & S. at Hamilton Trust Co. (trustee),
Brooklyn, N. Y. Par $1,000 c*. Tax free in N. Y. State.
Authorized issue, $1,000,000; outstanding $750,000; remain¬
ing $250,000 reserved for betterments at 80% of actual cost.
An official statement says in substance:
Incorporated [in N. Y.] in 1875 and owns the “American Dock Termi¬
nal,” located at Tompkinsvillc, Staten Island, adjoining the municipal fer¬
ries, which connect the island with lower New York City.
The Baltimore
& Ohio owns and operates a double-track steam road (Staten Island
Rapid
Transit Ry.), with sidings entering the company’s property,
affording
direct connection with trunk lines through New Jersey, via the Kill von Kull
bridge. The property is within the “free lighterage limits” of the port—
that Is, inside the limits within which goods are called for and delivered
at New York freight rates by all the railroad trunk lines having terminals
on New York harbor.
Exclusively operated as a storage depot for cotton
for 25 years until 1900; since then has handled general merchandise, in¬
cluding about 50% of the receipts of manila hemp at New York, practically
all the nitrate Imports and nearly one-half of the direct importations
by
steamships of general merchandise from China and Japan to this port
Large consignments of freight are also received by rail from the
South and West, without breaking bulk; and many thousands of bales of
cotton by lighter.
The continual growth cf the commerce of the port has
crowded many lines of freight steamers out of Manhattan Island,
increasing
the value of outlying water-front properties.
The completion of the up¬
state barge canal and the Panama Canal should enormously increase the
water-borne traffic in and around New York City.
Constantly increasing business has necessitated additional piers and
warehouses, to provide for which the company offers for sale $250,C(0 of its
bonds; $500,0Q0 have been placed privately to retire all previous obligations.
The bonds now offered, as well as the balance In the
treasury, can only be
ssued at the rate of 80% of the actual cost of betterments,
tion
of
during the past four years.
Since 1907 has been protected at a cost
$123,000 by electric fire alarms and automatic sprinklers.
over
Earnings for Years ending Aug. 31—
Storage, &c
_
Wharfage
1907-08.
Year.
Gross Income
:
Operating expenses and taxes
1908-09.
1909-10.
10 Mos.
$46,701
49,335
Year.
$59,718
56,372
517
2,905
$113,944
60,943
2,826
$96,553
$118,995
55,276
$177,713
54,095
Miscellaneous Income.
46,552
:
Net applicable to interest on bonds
$50,001
$63,719 $123,618
54,000 square feet of storage space were not available until April 1910,
and therefore the full earning power Is not shown In these figures.
There
are now 78,000 ft. of additional storage space under construction.
The
company contemplates the erection of additional fire-proof warehouses,
pier extensions, with double-deck pier sheds and elevated runways con¬
necting with the upper stories of the warehouses.
[Pres., Frederick H.
Pouch.
Capital stock $250,000, In $100 shares; outstanding $130,900.
No dividends.
New York office, 24 Stone Street.]—V. 84, p. 1369.
American Gas Co., Philadelphia.—New Director.—Edward
S. Sayres of
Philadelphia has been elected a director to suc¬
ceed the late E. H. McCullough.
Merger of Subsidiaries.—See Philadelphia Suburban Gas
& Electric Co. below.—-V. 91, p. 465.
American Telephone^ Telegraph Oo.—New Director.—
Norman W. Harris, who has been Chairman of the board of
the Michigan State Telephone Co., control of which was re¬
cently taken
a
West End Street Ry., Boston.—Option to Subscribe—
Further Facts.—The common stock having been increased
from $11,120,150 to $12,510,150, common stockholders of
record Sept. 15 1910 are entitled to subscribe at the American
Trust Co., Boston, on or before Oct. 15, for one new share
for every eight common shares owned by them respectively,
the price being $75 14 per share ($75 per share of $50, plus
dividend accrued Oct. 1 1910 to Oct. 15 1910).
Subscription must be paid In full at the American Trust Co., 50 State St.,
stock, payable Oct. 1.
The pf&pefty constats of (£) 30 H acres Of water front, Including land
under water, the riparian rights to which, extending out to the new pier
head line, were purchased from the State in 1902, and are therefore not
affected by the regulations on present grants.
Street frontage, 370 ft...
water frontage 860 ft. at bulkhead and 915 ft. at pier head line, with 40 ft.
of water for deep-draught vessels; (b) 5 covered piers, area 230,000 sq. ft.,
24 warehouses, area 250,000 sq. ft. of storage space, power plant and stand¬
ard-gauge railroad connecting all piers and warehouses, comprising a com¬
plete terminal.
Approximately $400,000 has been spent on new construc¬
over by the American company, has been elected
director of the company.
Telephones in Large Cities.—The company, in a bulletin
showing the relation between the Bell telephones and popula¬
tion in cities of over 50,000 population as of Jan. 1 1910,
reports:
Total
—Est.
Pop’tion—i •
Total
—Est. Pop’tion—
Per Tel. |
Teleph.
Total.
Per Tel.
1,384,000
IliPhlla
105,425
1,530,000
15
Chicago -.207,719
800,000
17
2,600,000
131 St. Louis. 46,312
N. Y
361,302
4,620,000
13(Pittsburgh 41,503
570,000
14
This bulletin was prepared prior to the publication of .the 1910 Census
Boston, as shown, includes neighboring towns; St. Louis Includes
figures.
East St. Louis, Ill., and Greater N. Y. Includes Lawrence, L. I.—V. 91,
Teleph.
Boston... 120,769
,
Total.
p. 338, 216
American Writing Paper Co.-^-Circular.—The executive
committee recently sent a circular to the shareholders cau¬
tioning them against parting with their stock in exchange
until they have ascer¬
in a profitable, not ex¬
perimental, business, and is properly conducted.
for the stock of any other company
tained that such company is engaged
This notice has reference to a circular sent out by a New’York brokerage
house offering three shares of “Consolidated Railway Industrial Straw
Paper Co.” for each common share of Am. Writing Paper Co., plus a bonus
of $1 and two shares of Consolidated pref. and 10 of common for each pref.
share of American.—V. 90, p. 625.
Baltimore County Electric
Water & Electric Co. below.
Baltimore County Water
Co.—See Baltimore County
& Electric Co.—Proposed Sale.—
The Maryland Public Service Commission will hold a hearing
Oct. 5 on the proposition to transfer all of this company’s
electric plant and business to the Baltimore County Electric
Co. at a valuation of $350,000 and to issue in payment
therefor of all of the latter company’s capital stock, amount¬
ing to $50,000, and also its 5% bonds to the amount of
$350,000, secured by mtge. on the property purchased.
Compare V. 90, p. 916; V. 83, p. 98.
Bartholomay Brewing Co. (of Rochester).—Reduction of
Capital Stock.—A circular dated Sept. 2 1910 has been issued
to the share and debenture holders proposing:
To reduce the nominal value of each ordinary share from £10 to 10s.;
(1)
(2) to consolidate the £372,000 8% cum. preference and £371,500 ordinary
shares into £390,575 shares (or stock) of one class, the preference share¬
holders to give up arrears of cumulative dividend and to receive £10 in the
new capital for each £10 held; (3) to reduce the interest on the debentures
(£342,060) during a period of 10 years front 6 to 5%, after which period
the Interest reverts to 6%; and (4) to carry the Interest saved (about £3,420
per annum) and a similar amount out of profits to a sinking fund for the
purchase and redemption,of debentures. After the ten years the appro¬
priation for the sinking fund out of each year’s profits to be £2,050 per
annum.—V. 81, p. 1794.
Bates Manufacturing Co., Boston.—Stock Increase.—The
shareholders of this Maine corporation have authorized an
increase in the capital stock from $800,000 to $2,000,000
to provide, it is understood, for any unprovents on new con¬
Par $100. No bonds.
struction hereafter authorized.
Bath (N. Y.) Electric & Gas Light Co.—Bonds.—The Pub.
Serv. Commission, 2d Dist., has authorized the execution of
a new mortgage to secure an issue of $250,000 30-year 5%
bonds, the present issue to be $150,000, viz.: $44,500 to be
sold at not less than 80 for improvements and $105,500 to
refund $100,000 outst’g bonds and discharge bills payable.
A
consolidation under N. Y. laws in 1900.
Stock Issued $100,000, in
$50 shares.
Bonds outstanding: $89,000 1st M. 5s, due 1927, but re¬
deemable alter Dec. 1 1912 at 110; $11,000 5Hs, due Dec. 1 1925.
Pres.,
F. H. Treat. Wayne. Pa.; Treas.. W. H. Lawton. Philadelphia.
Beach Manufacturing Co. (Georgia and Florida).—Guar¬
anteed Timber Bonds.—Farson, Son & Co., New York and
Chicago, recently made a preliminary offering at par of
$200,000 1st (closed) M. guaranteed gold 6s, dated Sept. 1
1910.
Interest and (beginning Sept. 1 1911), $10,000 of
principal due each March 1 and Sept. 1 at either office of
Farson, Son & Co.
Par $500 and $1,000 (c*). Bonds call¬
able, any or all, at 102^ and int. on 30 days’ notice. A
circular shows:
The only indebtedness (no other bonds can be issued until these are
retired), covering the entire prope/ty owned In fee, consisting of 23,640
acres
in Calhoun County, Fla., containing 60,000,000 ft. of long-leaf virgin
THE CHRONICLE
OOT. 11910.
pine and 15,010 acres in Appling, Pierce and Camden counties, Ga., con¬
sisting of about 20,000,000 ft. of long-leaf virgin pine; also 5,000,000 ft.
of leased timber, long-leaf pine; additional long-leaf pine to be acquired
-with part of the proceeds of this bond issue, 40,000,000 ft.
Total, 125,000,<000 ft.
Total assets estimated at over $1,000,000.
The bonds are issued
to pay floating debt, improvements and betterments in the mill, building a
railroad, Ac., and the purchase of 40,000,000 additional ft. of pine.
The business was started many years ago on very moderate capital and
was incorporated about 2 years ago.
Capital stock is $300,000, fully paid
up.
The earnings for 1910, based upon the earnings up to this time, will
be over $60,000 net.
Estimated for 1911, after improvements are com¬
pleted, $75,000 net.
These bonds are unconditionally guaranteed as to principal and interest
by President W. R. Beach, who is worth over $500,000 outside of this
four weeks’ notice.
Empire
A circular says in substance:
Burlington (Vt.) Gas Light Co.—Bonds Offered.—Damon,
Boston, some months ago offered at 95 and
int., to net over 5M%> 1st M. 5% gold bonds, dated 1905,
due Jan. 1 1955, guaranteed p. & i. by end. by American
Gas Co. of Phila.
Auth., $1,250,000; issued, $980,000.
Bolles & Co.,
Earnings for Calendar Years—Data Furnished by American Gas Co.
1009.
1908.
1909.
Interest
1908.
bonds. $49,000 $46,500
Gross earnings
$150,063 $144,801
Net (after taxes). $70,768
$61,415 Surplus
$21,768 $14,915
Water gas plant, capacity 400,000 cu. ft. per day; three gas holders,
total capacity 505,000 cu. ft.
Electric station, water power with steam
auxiliary, about three miles from Burlington on the Winooski River;
capacity with average head of water, 1,925 k.w.h. Operates the only
on
gas plant in Burlington and Winooski, and its electric light plant supplies
Burlington, Winooski, Essex, Essex Junction and Fort Ethan Allen.
Through connection with the Winooski Valley Power Co. (also controlled
by American Gas Co.), which owns the only remaining available water¬
power site in the vicinity of Burlington, about three miles further up the
Winooski River than the present plant of the Burlington Gas Light Co.,
It will be enabled to purchase its power cheaply and supply all the future
electric needs of this district.
See also V. 85, p. 162; V. 86, p. 1346.
Campbell Coal Mining Co., Atlanta, Ga.—Bonds Offered.—
The Robinson-Humphrey Co., English-American Bldg.,
Atlanta, recently offered at par and interest the unsold part of
$200,000 1st M. gold 6s. A circular shows:
Bonds dated Jan. 1 1910.
Due Jan. 1 1930, but redeemable on and after
Jan. 1 1911 at 106 and int.
Par $l,000c*.
Interest J. A J. at Nat. City
Bank, N. Y., or at Intemat. Trust Co. of Maryland (trustee), Baltimore.
The company is a Georgia corporation.
Capital stock, $300,000; bonds
auth., $350,000,' of which $150,000 in treasury issuable for only 75% of
additions; outstanding $200,000, issued to liquidate debts
incurred for purchase of real estate, Ac.
Net earnings year ending
30
1907,
$54,499; 1907-08. $67,291; 1908-09, $87,085; half-year end.
Apt11
Oct. 31 1909, $20,446; total, $229,322; charges appl. to surplus, $35,133;
net surplus, 3 M years, $194,189.
Present annual interest charge, $12,000.
Sinking fund to redeem bonds, 5 cts. per ton of coal mined, but not less
than $10,000 yearly.
The tonnage for the year 1908-09 was 366,596.
This mortgage is a first lien on (1) 1,800 acres of coal lands located in the
Jellico District of Tennsessee and Kentucky, and consisting of three mines,
viz.: Coalmont, at Coalmont, Ky., capacity 140,000 tons yearly .output
1908-09, 94,998 tons; Jackson at Westburn, Tenn., capacity 175,000 tons
yearly, output in 1908-09 126,362 tons; and Eagan, 10 miles east of Jellico,
cost of future
capacity 120,000 tons yearly, output in 1908-09, 56,074 tons; (2) lease¬
holds on about 3,300 more acres, including Piedmont snlne near Oliver
Springs, Tenn., capacity 100,000 tons yearly, output 1908-09,89,161 tons;
(this mine with 1,762 acres, is leased on 12 H cents per ton royalty basis till
July 1928 with right to 25 years extension); (3) mineral rights on about
15,000 acres of excellent coal loads, undeveloped at present, located in
Clay, Knox and Leslie Counties., Ky. The entire output of steam coal
from the Coalmont mine has been sold to one of the Southern railroads for
twelve months.
Estimated mineable and merchantable coal about 12,000,000 or 14,000,000 tons.
The officers and directors, representative business men of Atlanta, are
R. O. Campbell, Prest.; Frank Hawkins, Vlce-Prest. (Prest. 3d Nat. Bank,
Atlanta); J. B. Campbell, Sec’y. and Treas.;
(Prest. Amer. Cast Iron Pipe Co.)
John J. Eagan, director,
Carlton Consolidated Lumber Go.—Bonds
Offered.—FarSon & Co., N. Y. and Chicago, and American Trust
& Savings Bank, Chicago, recently offered at par and
interest and have since placed an issue of $650,000 1st M. 6s,
dated Feb. 1 1910 and due $65,000 annually on Feb. 1 from
1912 to 1921, both inclusive, but callable on any interest date
at 103 and interest.
Principal and interest (F. & A.) pay¬
able at office of Farson, Son & Co., N. Y. City. Denomi¬
nation $500.
A circular says in substance:
son,
Capital stock
Conservative valuation of stumpage, manufacturing and logging
equipment, railroad, Ac.,
$2,000,000
3,500,000
650,000
consolidation of the Yamhill
Timber Co. and the Carlton Lumber Co., for some time operated as one
over.
Bond issue..
i
Organized under the laws of Oregon;
a
company under the ownership of Charles E. Ladd (the Ladd A Tilton
Bank, Portland, Ore.). Both the mill and timber properties are on the
YamhUl River in Yamhill County, about 35 miles from Portland, the mill
being at Carlton, on the Southern Pacific RR. It is stated that the timber
owned constitutes the finest body of standing timber in Oregon, while the
land is as fine a quality as there is in the State, well drained and very de¬
sirable for agricultural purposes.
Formerly the timber
was
carried down to the mill by water; the present
8Iansmill's
include
the building
a 15-mile
fullmany
operation
all the of
a
capacity
year
around.railroad,
Charlesallowing
E. Ladd,
times to
le
millionaire, holds the majority of stock in the consolidated company and
Is giving his personal attention to the affairs of the Carlton Consolidated
Lumber Co. and the Carlton A Coast RR.
The bond issue of $650,000 is for the purpose of completing the title to
certain timber lands, to purchase new timber land and to provide for in¬
creasing the mill’s capacity, for new dry kilns, Ac. This closed mortgage,
the only indebtedness of the company, covers 700,000,000 feet-of mer¬
chantable fir timber on approximately 12,000 acres of land owned In fee
simple; also the saw-mill plant, one of the most modern ia the United States,
almost entirely of steel and concrete.
The trust deed provides for redeem¬
ing the bonds in ten installments, beginning two years from date of issue,
and for sinking fund equivalent to $1 50 per 1,000 feet stumpage. of the
timber cut during the preceding period.
The Carlton A Coast RR., with a capital stock of $500,000 and a bond
Issue of $250,000, will run from the plant to the timber lands.
All of the
stock and bonds of the railroad are deposited with the trustee as collateral
security under the mortgage of the
lumber
company.
The railroad will be
used primarily for hauling logs; it will also be extended to the coast to
the city of Tillamook on Tillamook Bay, and will eventually be a very
valuable property.
The railroad Is completely financed by Charles E.
Ladd and associates, no part of the Carlton Consolidated stock or bond
Issues being used in the building of this railroad.
This is an exceptionally small loan in proportion to the security, being
on the stumpage alone, other assets not considered, at the rate of less than
$1 per 1.000.
Carthage (N. M.) Fuel Co.—Bonds Offered.—J. B. Russel
A Co., New York, recently offered at 95 and int. (with 100%
bonus in stock of the Carthage Coal & Coke Co., the leasing
company) the unsold portion of $200,000 5% 30-year sinking
fund gold bonds, par $1,000 (c), dated June 1 1910 and due
June 1 1940, but redeemable at par any interest period on
Trust Co., N. Y. City, trustee.
Total authorized issue, $1,000,000; reserved to exchange for the $405,000
outstanding bonds of the company with their matured and unpaid coupons
as of June 1 1910, $465,000; now being offered, $200,000; tn treasury,
$335,000.
Abstract of Letter from Pres. C. D. Simpson, Scranton, Pa., June 111910 •
Located at Carthage, N. M., 12 miles from San Antonio, N. M.,on the
Atch. Top. A San. Fe Ry., and 150 miles from El Paso, as against 465 mile*
for the nearest competitive coal, and owns the New Mexico A Midland Ry.
(unbonded) extending from San Antonio to the mines at Carthage.
For
several years has been mining only enough coal to keep the men together,
since the Government lands were withdrawn from entry, and it is only
lately that we have secured the Government's permission to buy adjacent
lands.
In the original property we have about 1.200,000 tons of coal;
under the new land the coal is regular and about 6 feet thick; we estimate
that the entire property contains 4,000,000 tons of workable coal. r Prop¬
erty owned ana already filed on about 1,200 acres.
Mines developed by
slopes, hoisting apparatus, air compressors, engines, boilers, miners’ houses,
Ac., have cost about $700,000.
we value the property now at $2,000,000.
The markets at El Paso Include the plants of the smelting companies, the
large copper producers and railroads. There is a demand for all the coal
we can mine.
Sinking fund, 25 cents per ton of coal and 40 cents perton
of coke (beginning June 1 1912).
00191
company; also by stockholders J. M. Beach, B. F. Beach, D. C. Rozler
and H. W. Rozler, whose aggregate wealth amounts to over $500,000.
Redemption fund, $3 per 1,000 ft. for all timber cut and manufactured into
lumber to meet both principal and Interest; and in any event a sufficient
sum must be deposited whether any timber is cut and sold or not.
87S
In order to purchase the additional lands, make necessary Improvements,
retire $405,000 outstanding bonds and provide working capital, the com¬
has authorized an issue of $1,000,000 of 5%
ng” gold coupon bonds, to be dated June 1 1910.
pany
30-year “first and refund-
All except about $50,000
of the outstanding bonds have already agreed in writing to exchange the
same at par for the new bonds.
In order to provide a stock Interest to go with new bonds taken by sub¬
scription, It has been decided to organize under the laws of New Mexico the
Carthage Coal A Coke Co., with a capital stock of $600,000, all common,
which shall lease for 50 years the entire property (including New Mexico
A Midland Ry.), agreeing to pay as rental the Interest and sinking fund of
the bonds, taxes and other charges.
The surplus earnings for 50 years
will therefore be applicable for dividends on the stock of the Coal A Coke Co.
The directors of the last-named company will be C. D. Simpson, Everett
Warren, Henry Belin Jr., H. H. Brady of Scranton, Pa.; A. A. Bryden,
Plttston, Pa.; S. D. Warriner, Wilkes-Barre, Pa.; J. Howard Ford, Benja¬
min S. Harmon. N. Y. City; Powell Stackhouse Jr.. San Antonio, N. M.
Central Georgia
& Co. report:
The entire
Power Co.—Present Status.—A. B. Leach
capital stock, $4,000,000, and bonds, $3,000,000, have been
Plant will be in operation about December 1910.
Capacity 18,000
h.p.
Company will supply electric energy to the Macon Ry. A Light Co.,
the latter company having entered Into contract for 5,000 electric h.p.
Other power contracts have been made with brick companies, fertilizer com¬
Issued.
panies, cotton mills, Ac., in Macon, Forsyth, Griffin and other points in
the electrical zone of the company.
For description of property see
“Manufacturers’ Record,” April 21 1910.
Up to the present time no steps have been taken to consummate the
consolidation referred to under caption Macon Railway A Light Co. in
“Chronicle” of Aug. 28 1909 (p. 529).
So far as we know, the Central
Georgia Power Co. never contemplated such a consolidation. See also
V. 88, p. 1199.—V. 89, p. 531.
Central & South American
mated Earnings.—For 3 and 9
3 Mos.—
1910
Tot. Inc.
$408,000
371,000
Telegraph Co.—Partly Esti¬
months ending Sept. 30:
Net Inc.
Dividends.
$238,200
210,200
(1 H%) $143,565
$789,450
717,200
(4 H%) $430,695
(4 M%) 430,695
(1 H%)
143,565
Bal., Sur.
Total Sur.
$94,635
66,635
$2,113,845
1,629,525
$358,755
$2,113,845
1,629,525
9 Mos.—
'*
$1,283,500
1909.
1,203,000
—V. 90, p. 912.
286,505
Ghanute Cement & Clay Product Co.—Successor Company.
—See Chanute Cement Co. below.
Chanute (Kan.) Cement Co.—Reorganized Company.—
This company was incorp. in Maine on or about May 11 with
$},000,000 auth. cap. stock in $100 shares, and T. E. Cro¬
teau of Portland, Me., provisional Pres., as successor of the
Chanute Cement & Clay Product Co., bankrupt.
The old company was incorp^ in Maine in 1904 with $4,500,000 of auth
cap. stock ($1.50q,000 pref.), and made a mortgage to the Cleveland Tr. Co.
as trustee to secure $2,000,000 20-year 6s dated June 1 1905, of which in
March 1907 $750,000 were outstanding and $100,000 was reserved to retire
liens on the Brodson plant.
John F. Townsend was Pres, and Henry
Robinson, Treas., both of Akron. In Aug. 1909 the property was placed
in receiver's hands and a-reorganizatlon committee was appointed.
Special
Master and Receiver Seth G. Wells announced in March last that he would
on
April 14, at the company's office, 2 H miles west of Chanute, Kan., sell
the entire property at auction, free and clear of incumbrances, under order
of U. S. District Court, Kansas District, 3d Dlv., the appraised value being
$233,861 and upset price $75,000.
The new company proposes to complete the plant, the first unit to have
a capacity of 1,000 barrels a day, the entire works a max. capacity of 3,000
barrels.
Directors: Pres., Milo T. Jones; Vlce-Pres. and Gen. Mgr., Chas.
T. Beatty; A. N. Allen and A. Mitchell, all of Chanute; A. A. McClanahan of
Chicago, V.C. Rautzahnof Mansfield, O., and FrancisSieberilng of Akron, O
Cities Service Co., New York.—Assents to Plan.—Henry
L. Doherty & Co. announce that more than 94% of the stock
of the Denver Gas & Electric Co. has assented to the exchange
for stock of the Cities Service Co., as haye also all of the stock
of the Spokane Gas & Fuel Co. and more than 90% of the
Empire District Electric Co. See plan in V. 91, p. 656.
Ooalinga (Cal.) Water & Electric Go.—Bonds—New Enter¬
prise.—This company, of which W. G. Kerckhoff, A. C.
Balch, A. G. Wishon, A. Haas and Kaspare Cohn are the
directors, has made a mortgage to the Southern Trust Co.
of Los Angeles, as trustee, covering property in Fresno and
King counties, to secure an issue of $2,000,000 1st M. 6%
bonds of $1,000 each, due Jan. 1 1940, in connection with the
an electric
and water
plantand
groposed
of auth.,
at
oaJinga. construction
Capital stock
$1,500,000
common
$500,000 5% pref.; subscribed at last accounts, $1,000,000
common and $500,000 pref.
Par of shares, $100.
Colonial Paper Co., New York and Cincinnati.—Purchase
—New Bonds.—This company, incorporated in Maine Feb. 19
1910 with $2,250,000 capital stock in $100 shares ($1,000,000
being common and $1,250,000 7% cum. pref.) to purchase
the plant of the Publishers Paper Co. at Portsmouth, N. H.
(V. 82, p. 872; Y. 86, p. 232) lately filed a mortgage to the Old
Colony Trust Co. of Boston as trustee, securing an issue of
$1,500,000 6% 20-year bonds. The Publishers Paper Co.
in 1906 made an issue of $1,500,000 1st M. 6% bonds (V. 82,
p. 872), of which $500,000 have been paid off and $1,000,000
will mature Jan. 1 1911; int. has been paid infull to date.
The directors of the new company are Samuel J. Murray of Cincinnati
(President), Robert H. McCutcheon and G. F. Hardy of New York, Colonel
Kleybolte and W. E. Koester
of Cincinnati. Messrs. Murray and McCutcheon are directors of the United
States Playing Ca/d Co. of Cincinnati (V. 79, jp. 2090), and it is understood
that the new corporation will be closely allied with that company and also
William Martin of Middletown, O., and Albert
874
THE CHRONICLE
with the U. S. Prlntine Co. (V. 82. p. 105; V. 83, p. 82#) and the TJ. S
Lithographing Co. The plant was never fully completed, all work on the
project having stopped during the panic. The new company, It Is said,
will complete the structures and begin operations during the coming sum¬
mer, producing 150 tons of paper a day.
The recent purchasers, we are
Informed, acquired the plant free and clear of the lien of the Publisher
Paper Co.'s bonds, but just how this was effected does not appear.
Oolumbus & Hocking Goal & Iron Co.—Plan as Modified
Sept. 26 1910.—The reorganization committee, consisting of
Frank B. Keech, Chairman; Alexander Gilbert and Frank
N. B. Close, has modified its plan of July 30, mainly by an
increase in the
new
stock issue from
$4,000,000 to $4,600,000,
by including in the pref. stock to be exchanged about $86,000
held by the bond syndicate and by alloting to old 1st 5s and
2d6s 50% new stock as well as 75% in the new bonds.
Digest of Plan of Reorganization (as Modified Sept. 26 1910).
“
It is proposed to organize a new company and vest in It the ownership of
all the property of the Columbus & Hocking Coal & Iron Co. and the Colum¬
bus & Hocking Clay & Brick Mfg. Co., as acquired by the committee at
foreclosure sale or otherwise.
New Securities.
First mtge. 50-year 5% sinking fund gold bonds, dated Jan. 1
1911, redeemable at 105% and int.; annual sinking fund tax
of at least 5 cents per ton on coal, 15 cents per barrel on oil and
25 cents per 1,000 on brick, and If dividends In excess of 6%
per annum are paid on common stock, a further sum equal to
such excess dividends.
Said mtge. shall cover all the property
of the new company owned or thereafter acquired
$2,000,000
Common stock.
1
4,600,000
—
Amount
—
-Will Receive in Exchange
New 1 st M.
Neic Stock.
Outstanding.
Holders of—
$
1st M. 5% with July’10 coup.on £691,000 75%
2d M. 6% with July’10 coup.on 800,000 75%
Pf .stk.who pay $10 a share, abt. 206,000 10%
Com. stk. who pay $10 a share.7,000,000 10%
Contingencies, any balance to new company..
$
$
518,000
345.500
50%
50%
400,000
600,000
20,600 100%
206,000
700,000
50% 3,500,000
161,400
148.500
Total
2,000,000
4,600,000
First mtge. bondholders reserve their right in sinking fund moneys now
held by the trustee, their pro rata dividend as creditors for the amount due
sinking fund up to April 30 1910, and also their claim against the receivers
for sinking fund moneys accruing from April 30 1910 to Jan. 1 1911.
To general creditors for claims of $100 or under, 100% in cash; claims
x
over
$100, 50% in cash.
The
new common stock to be
deposited under a 5-year voting trust agree¬
ment, as stated in V. 91, p. 339.
No deposits will be received by Bankers’ Trust Co., N. Y.,
depositary, af¬
ter Oct. 29 except on payment of a penalty of $5 a bond and 50 cents a share.
The
following statement is made:
large
majority of the first and second mtge. bondholders have already given their
plan, and an underwriting of substantial amount has been
secured, thus insuring the success of the present plan.
The interest charges
of the new company will be about $90,000, so that the profits from coal and
oil alone will, at the present rate, more than cover the same without tak¬
ing into account the earnings from the brick plant.—V. 91, p. 656.
assent to this
Connecticut Valley Lumber Co.—Bonds.—Hornblower &
Weeks, New York, Boston, &c., some time ago offered a
block of the 1st M. 6s dated 1908 and due Aug. 15 1933, but
callable at 105 and int.
Auth., $3,000,000; outstanding,
$2,880,000. Sinking fund, $3 per 1,000 feet of timber cut,
but not less than $100,000 yearly.
A circular reports:
Owns title to about 300,000 acres of timber lands in northern New
Hamp¬
shire and northern Vermont, upon which there are more than 2,350,000,000
ft. of marketable spnice timber, worth, at $8 per 1,000 ft.
stumpage, ap¬
proximately $18,694,880; also 500,000,000 ft. of accessible birch and ma¬
ple, estimated at more than $1,500,000. The properties are situated in
Pittsburg, N. H.; Clarksville, N. H.; Stewartstown, N. H.; Columbia,
N. H.; Stratford, N. H.; Starke, N. H.; Canaan, Vt.; Averhlll, Vt.; Lemington, Vt.; Bloomfield, Vt.; Ferdinand, Vt.; Brunswick, Vt.; Maidstone, Vt.;
Guildhall, Vt.; Granby, Vt.: East Haven, Vt.; Lewis, Vt.; Burke, Vt.;
Victory^ Vt.: Dlxville, N. H.; Hereford and Aukland, P. Q.
Earnings for year ending Jan. 31 1910, gross, $426,,846; net, $249,336;
year 1908-09, gross, $280,843; net, $184,832.
BALANCE SHEET FEB
1.
1910.
$
1909.
$
1910.
1909.
Liabilities—
$
$
1
Capital stock
2,500,000 2,500,000
sub. to 1st mtge..6,133,023)6,539,500 First mtge. bonds...2,SS0,000
3,000,000
Real est.,&c., unen|
Accounts payable &
cumbered
interest accrued.. 185,128)
286,477J
Due Mt. Tom Sul. &
Logging equipment,
j. 156.182
teams, &c
201,662
141,854
Pulp Co
56.927J
Inventories
490,793
Notes
420,193
payable
1,405,209 1,429,072
Current assets
*811,977
691,579 Surplus
1,882.390 1,927,457
Bonds in treasury.. 880,000 1,115,000
Stock in corporations 103,649
103,648
Miscellaneous
2,073
937
Assets—
Timber
lands,
&c.,
BTotal
*
.8,909,654 9,012,711
Total
8,909,654 9,012,711
Cash, $46,880; accts. receivable, $753,622; notes re¬
Current assets include:
ceivable, $11,475.
Compare V. 88,
p.
55; V. 89, p. 531.
Cramp & Sons Ship & Engine Building Co.—Option
Asked.—Options are being asked on the stock at $50 a share
through the law firm of Philbin, Beekman, Menken & Griscom, 52 William St., New York, good until Nov. 1.
What
interests the firm represents is not disclosed.
The rumor
that Mr. Charles M. Schwab is back of the offer is not con¬
firmed.—V. 91, p. 92.-
Crucible Steel Co.,
Pittsburgh, Pa.—Profits.—The “Pitts¬
burgh Dispatch” of Sept. T7 reported Chairman Dupuy as
saying at a meeting of the directors on Sept. 16:
For the fiscal year ended Aug. 31 1910 profits equaled
$4,140,000, against
which the board has set aside for depreciation and renewals
$500,000, and
reserved for contingencies $109,000, leaving net profit of
$3,531,000, or
14.14% upon the pref. shares.
Orders seemed to be keeping up reason¬
ably well, though during the past few days a noticeable falling off has been
experienced.
It is hoped, however, that as soon as railroads settle their
troubles with the Inter-State Commerce Commission and come
into the
market, the business will become normal.
As it is, our books show that
the tonnage of orders and contracts are heavier than ever before
and the
company is doing a reasonably profitable business.—V. 90, p. 1680.
Eastman Kodak Co. of New
Jersey.—Extra Dividend.—
10% on the
$19,520,700 common stock, payable Dec. 1 to holders of
record Oct. 31.
This makes a total of 27 34% extra dividends
in 1910 against 20% in 1909.
The directors have declared
an
extra dividend of
Extra Dividends (Per Cent) on Common Stock.
(In addition to the 10% per annum paid regularly since Oct. 1
1902.)
Year.
1906.
Year.
1907.
10
9^
—V. 90. p
852.
Year.
1908.
15
Year.
1909.
20
Feb.
7H
Apr.
2K
1910
July.
—
Sept.
5
Dec.
10
LXXXXI
Esperanza Consolidated! Oil Co., San Francisco.—Merger.
—Bonds.—This company, incorp. in California on March 30
last with $7,500,000 of auth.
capital (common) stock in
$100 shares, of which $5,000,000 is outstanding, has
recently
filed a mortgage to the Mercantile Trust Co. of San
Francisco,
as trustee, to secure an authorized issue of
$7,500,000 1st M.
20-year gold 6s, present issue to be $2,775,000.
The mortgage covers the entire
property,
including 1,500
acres
in San Luis
Obispo County, Cal., and all Interests acqured from the companies consoli¬
dated, namely: B. A. T. Oil Co., Sibyl Oil Co., Los Alamos Oil
Co,.
Nevada-Mldway Oil Co., Esperanza Oil & Gas Co. and Eclipse Oil Co.
The bonds are dated May 1 1910 and due
May 1 1930, but callable to
any amount on and after Nov. 1 1910 at 110 and Int.
Graded sinking fund
begins May 1 1914.
Par $1,000.
Int. M. & N. In S. Fr. and N. Y.
No
prior liens.
The company Is preparing to sink wells and build
pipe lines,
&c.
Pres., E. J. de Sabla Jr.; Sec.-Treas., John A. Ferguson.
Office,
149 California St., San Francisco, Cal.
Gas
Company of Montgomery County (Pa.).—Merger.—
Philadelphia paper says:
A
This company, which supplies gas to consumers in
Norristown, has de¬
cided to Increase the Indebtedness of the
company by an issue of $480,000
1st M. bonds, due June 1 1960.
The old Norristown Gas Co. has been
merged with the Gas Co. of Montgomery County, controlled
by John D.
Mcllhenny, and the holders of the stock ($150,000) will receive bonds for
their holdings, an $80 bond for each
$25 share.
On Sept. 1 1910 the
Gas Co. of Montgomery County reduced its
price for gas from $1 30 to $1 52.
At last advices its capital stock was $250,000 and bonded
debt
$30,000.
General Motors Co.—Dividend Omitted.—The
company
has failed to declare the usual semi-annual dividend of
334%
the $9,000,000 7% cumulative
pref. stock which would
have been payable to-day.
Distributions of 334% each were
made in April and Oct. 1909 and
April 1910. Compare
V. 91, p. 719, 657.
on
Hackensack (N. J.) Water Co.—Listed.—The New York
Stock Exchange has listed $1,000,000 additional common
stock recently subscribed for by stockholders at
par, making
the total listed to date
$3,625,000.
See V. 90, p. 1242.
Hudson River Electric Power Co.—Oct. 3 Limit
for De¬
posits.—The Boston committee of bondholders announces:
The committee, now
representing a total of $7,740,000 of the outstanding
bonds [aggregating $11,010,500—V. 88,
p. 229.—Ed.] of the eight allied
companies, In view of the necessity of shortly issuing its reorganization
Elandecided
and obtaining
under
the various
that it isIts foreclosure
necessarydecreese
that the
time for further
as
The receiver reports,on operations for the last six months,
profits from
coal and oil amounting to $53,000 (or $58,000?—Ed.).
Fox1 the last two
months the percentage of earnings has been materially increased, and an
additional increase in the price of coal is expected about Oct. 1.
A
[VOL.
now
mortgages,
deposits of
bonds for participation in the final reorganization be limited
to ana includ¬
ing Oct. 3 1910, after which time no further deposits can be received ex¬
cept upon such penalties as the committee may see fit to impose.
Owners
of bonds of any of the above eight
companies who have not deposited with
the Boston committee (under agreement dated Nov. 4
1908) should at once
forward their bonds to the nearest of the above-mentioned
(New England Trust Co., Boston, Standard Trust Co., N. depositaries.
Y.; Fidelity
Title & Trust Co., Pittsburgh),
[Signed] James R. Hooper, Chairman;
Robert Treat Paine 2d, Edwin S. Webster, John P.
Reynolds, John S,
Scully, Wilson A. Shaw, Charles E. Willock.
Coxfipare V. 88, p. 228;
V. 90, p. 505, 630; V. 91. p. 466.
Huntington Land & Improvement Co.—Guaranteed Notes
Angeles, in a
—Further Data.—C. E. Woodside & Co., Los
circular gives further particulars regarding the
6% collateral
debenture notes, authorized issue $1,000,000,
deposit with the trustee (Anglo-California Trust
Co., San Fr.) of $1,750,000 of the $4,372,000 outstanding
Los Angeles & Redondo Ry. Co. 1st M.
sinking fund gold 5s
of 1958 and unconditionally guaranteed,
prin. and int., by
Mr. H. E. Huntington.
trust gold
secured by
Dated Sept. 1 1910 and due Sept. 1 1913, but subject to
call, all or any
on any Interest date at 101 and int.
Par $1,000 c*.
Interest
payable Q.-M. at Anglo & London-Parls Nat. Bank, San Francisco; Los
Angeles Trust & Savings Bank, Los Angeles; Kountze Bros., N. Y. City.
Tax-exempt in California.
Incorporated Feb. 12 1902 to manage the large real estate holdings of
H. E. Huntington; the keystone about which have been clustered the
several operating companies formed for the development of the
properties
operated by Mr. Huntington and his associates.
Directors (and officers):
Pres., H. E. Huntington; Vice-Pres., Howard Huntington; Vlce-Pres. and
Treas., Geo. S. Pitton; Sec., E. T. Cook; G. C. Ward.
The company’s
assets are entirely real estate properties scattered
through Southern Cali¬
fornia, the greater part in Los Angeles County; many hundred^ of pieces
of property, including business properties in the city of Los Angeles alone
worth $4,500,000; three larger country properties near Pasadena
reasonably
worth $2,500,000.
Total assets estimated at $10,000,000.
The company
has no bonded debt and all its property Is free from
mortgage lien.
[Capital
stock is reported as $100,000, all Issued.—Ed.]
The Los Angeles & Redondo Railway Co., whose $5,000,000
capital stock
is entirely in the hands of Mr. Huntington and his
associates, operates 85
miles of trolley road connecting Los Angeles and Redondo
by three routes
which traverse an Important growing section of the
country.
During the
year ending June 30 1910 the railway carried 2,020,466 passengers (an
increase over 1908-09 of 46.2%) and 63,607 tons of freight (an Increase
of
46.7%).
The assets of the railway aggregate $5,640,000, viz.:
Tracks,
overhead equipment and private right of way, $1,577,000;
passenger,
freight and other equipment, $370,000; carhouse, substations and buildings
$251,000; pavilion and bath-house, $350,000; three piers, $477,000; real
estate, including strip 9,270 ft. x 200 ft., controlling entire ocean frontage
at Redondo; also other tracts in Redondo, &c., $2,615,000.
portion,
Earnings of Los Angeles & Redondo Ry. Co. for Fiscal Years ending June 30.
Gross earnings
Net earnings
Fixed charges (incl. taxes and int.)._
Surplus
1910.
1909.
$730,909
1908.
$532,076
$167,928
106,325
$540,994
$144,059
$241,856
247.810
40,307
deficit
def. $5,924 sur. $61,602 sur.$103,751
During 1909-10 the railway acquired valuable property which Increased
the fixed charges without a corresponding revenue—a condition which will
or
this year be
greatly changed.
Guaranty of Mr. H. E. Huntington Placed on Each Individual Note.
“For value received, I unconditionally guarantee the punctual payment
of the within debenture note, both principal and interest thereon, at the
time and place, and in the manner specified therein, and in the
coupons
thereunder annexed; and if default of payment of either principal or Interest
thereof be made by the Huntington Land & Improvement Co., I agree
myself punctually to pay said principal and Interest in the manner speci¬
fied therein and in coupons thereunto annexed.
Witness my hand and
seal this first day of September 1910.
(Signed) H. E. Huntington.”
These notes are Issued to provide for general Improvement of the
proper¬
ties, and to consolidate the floating debt under proper restrictions in trust
agreement.
No mortgage may be placed upon the property unless5the
debenture note holders are paid in full in cash.
Intercontinental Rubber Co.—Voting Trustees.—A. H.
Wiggin, Vice-President of the Chase National Bank; Stephen
Baker, President of the Bank of the Manhattan Company,
and E. J. Berwind have been elected voting trustees. Charles
H. Sabin, Vice-President of the Guaranty Trust
Co., it is ex¬
pected, will be elected a director at the annual meeting on
Monday.—V. 91, p. 657.
Oox. 11910.1
THE CHRONICLE
Independent Telephone ft Telegraph Co.,
Management.—The new board of directors on
Sept. 26 elected the following new officers:
Inter-State
Joliet.—New
Pres., H. D. Wagner, Hinckley, III.; Vlce-Pres., E. L. Lawrence, Sterling;
Sec., Adam Clow, Wheatland; Treas., A. T. Mathewson, Elburn.
(The
•hange In the management, It Is said, was precipitated by a proposed plan
to sell out control, through disposing of a majority of the bonds at 60 and
the fear of a default on the Issue Oct. 1, a contingency which the new
officers would seek to prevent.—V. 90, p. 1493.
Iron & Steel Products Co., Philadelphia.—Sales.—The
detached material of the several subsidiary plants will be sold
by receivers Phillips and Schenk, as follows:
Lebanon Chain Works and also at the West End Iron Co.
works, Lebanon, on Oct. 6: that at the Bristol Iron & Steel Co. works,
Bristol, Pa., Oct. 7.
By order of court, the property of the Hollldaysburg
Iron & Nall Co. at Hollldaysburg, Pa., was to be offered for sale Sept. 30
to satisfy two mortgages, one of $25,000 and one of $10,000.—V. 91, p. 399.
That at the
Jenney Electric Mfg. Co., Indianapolis-Anders on, Ind.—
Offered.—W. F. Koester & Co., 1st Nat. Bank Bldg.,
Cincinnati, are placing at 99 and int. the entire authorized
issue of $100,000 1st M. gold 6s, par $500, dated April 1 1910
and due April 1 1920, but redeemable, all or part, after
April 1 1913 at 1023^ and int. Int. A. & O. in Indianapolis.
Indiana Trust Co., Indianapolis, trustee.
Bonds
Balance Sheet Jan. 1 1910.
Assets ($586,801)—
I
Liaoiltties ($586,801)—
Indianapolis, Ind..property.$136,911 Notes payable.
$61,736
Anderson, Ind., property._
99.804(Current accounts payable
36,628
Cash ($2,092) and accts. rec.
74,483 Capital stock
419,250
Materials and merchandise.
70,466 Surplus
69,187
Patents and good-will
205,1371
Extracts from Letter of Pres. C. D. Jenney. Anderson, Ind., June 22 1910.
These bonds are Issued to provide funds to meet maturing obligations In
connection with the building of our new plant at Anderson, Ind., and to
provide additional equipment to largely Increase our manufacturing ca¬
pacity, the demand ar exceeding the capacity of our Indianapolis plant,
from which we are now moving.
The new plant occupies about 11 acres
of ground just outside of the city limits of Anderson, Ind.
The company
manufactures a complete standard line of direct current motors and gen¬
erators, also a line of alternating current motors and a newspaper press
driving and controlling system, which Is used by many prominent news¬
papers.
The company Is practically a close corporation, and as the busi¬
ness has needed capital the principal stockholders have deemed it best to
leave the profits In the business.
A sinking fund begins In 1913, which
by 1920 should equal the amount of the bonds.—V. 89, p. 473.
Kankakee
(HI.) Gas & Electric Co.—Merger.—P.
W.
brooks & Co., 115 Broadway, N. Y., are offering at or about
95 and int. the new “first and refunding” mtge. 5s due Sept. 1
1930.
(Y. 91, p. 720).
An authoritative statement follows:
The company controls the entire gas and electric-light business in its
a consolidation of the former Citizens’ Gas Co. (of Kanka¬
kee) (V. 79, p. 2459) and the Kankakee Power Co., which owns in connec¬
tion with Its electric plant a water-power development on the Kankakee
River, the company’s generating stations being situated at both ends of
the dam at this point.
The company Is capitaliz'd with $1.000.000 authorized common stock in
territory and is
$100 shares, of which $850,000 Is outstanding; also $2,000,000 of “first and
refunding mortgage" bonds authorized, of which $1,300,000 are reserved
for future additions and improvements, $4yO,uuo are outstanding and $250,000 are held to retire underlying bonds in 1912 as follows:
Reserved to retire a like amount of bonds on the gas plant,
callable after Oct. 1 1912 (Citizens’ Gas Co., V. 79, p. 2459)..
$250,000
Outstanding upon the joint properties
450,000
Reserved, can ne Issued after Jan. 1 1911 provided the net earn¬
ings, after all allowances for operating expenses and ether prior
charges, are at the rate of at least twice all fixed charges on ac¬
count of the outstanding first & refunding bonds, including
those then to be issued
250,000
Reserved, can be Issued only upon like conditions, but only to
80% of the actual cash cost of betterments and enlargements._ 1,050,000
A sinking fund of 1 *4% of the outstanding bonds from 1913 to 1920 Is
provided in the mtge., and 2^ thereafter until maturity of these bonds,
which are due Sept. 1 1930.
Par value of bonds $100, $500 and $1,000.
Bonds can be called In whole or part, by lot, on any Interest date on and
after Sept. 1 1913 at 107 H and accrued Interest.
The present electric plant capacity Is approximately 1,570 k. w.
The
present holder capacity of gas plant Is 130,000 cu. ft.
Meter rates, $1 35
per 1,000 for 1st 2,000 cu. ft., and $1 10 per 1,000 thereafter.
The management is in the hu.nus of Kelsey, urewer <5c co. of Grand Rap¬
ids, Mich., who own and operate quite a number of other similar properties
in the North-Middle West.
[Notably Valparaiso (Ind.) Ltg. Co., V. 83,
p. 499; Red Wing (Minn.) Gas Light & Power Co., Holland (Mich.) Gas Co.,
Mt. Clemens (Mich.) Gas Light Co., Elkhart (Ind.) Gas & Fuel Co., Albion
(Mich.) Gas Light Co. and Winona (Minn.) Gas Light & Coke Co., V. 82,
p. 1504; V. 87, p. 875 —Ed.]—V. 91, p. 720.
Lansing (Mich.) Fuel & Gas Co.—Bonds Offered—Earnings.—Baker, Ayling & Co., Boston, Philadelphia, &c.,
some months ago offered at 95 and interest $160,000 “first
and consolidated mortgage” 5% gold bonds dated 1906 and
due April 1 1921, but redeemable at any interest period after
Jan. 1 1910 at 105 and interest.
Interest A. & O.
$500.
Central Trust Co. of Illinois, Chicago, trustee.
Par
(par of shares $100.—Ed.)
Consolidated mortgage (covering all property now owned
hereafter acquired), authorized, $1,000,000; outstanding
Reserved to retire underlying 6% bonds due 1918
on the $1,500,000 8% cumulative pref. stock (A and B),
due Oct. 1, will not be paid at present, as the available funds
are needed for working capital in connection with the com¬
2%
pany’s large business.
A financial plan, It Is thought, will be ready by Jan. 1. Samuel T. Russell.
President of the Manufacturers’ Nat. Bank of Ilion. N. Y., was recently
elected Chairman of the board.
Pres. H. E. Davidson and Sec. W. E. Park¬
er, It Is thought, will presently retire.
Bonds.—A
Chicago bond house recently offered at par and
$75,000 1st M. 5}^% serial gold bonds dated May 10
1910, secured on land and building in Chicago valued at
$137,250.
int.
These bonds are due in annual installments on May 10, $7,500 yearly
1911 to 1915 and $37,500 In 1916, but callable on or after May 10 1911 In
reverse of numerical order at 102 and Int. Prln. and seml-ann.
Int. pay¬
able at office of Peabody, Houghtellng & Co., Chicago.
Par $500*.
Trustee, Augustus. S. Peabody.
Compare V. 88, p. 104, 234.
Long Acre Light & Power Co., New York.—Favorable De¬
cision.—The Court of Appeals at Albany on Sept. 29 dis¬
missed for lack of jurisdiction the appeal of the Public Ser¬
vice Commission, First District, from the decision of the lower
courts, reversing the Commission in their denial of the com¬
pany’s application to issue any part of the proposed $50,000,000 bond issue and $10,000,000 stock.
The lower courts referred the matter back to the Commission for further
determination.
Compare V. 90, p. 1299, 1271, 1174.
Long Beach (N. Y.) Pier Co.—See Paul J. Rainey Pier Co.
McCrum-Howell Co., New York.—Favorable Decision in
Vacuum Cleaners Suit.—Judge Sanborn in the United States
Circuit Court for the Northern District of Illinois, Eastern
Division, on Aug 15 in the suit of Frank J. Matchette,
complainant, against Streeter Brothers, rendered a de¬
cision in favor of the complainant sustaining a patent of
the American Air Cleaning Co., covering the “on and off”
governor or control with auxiliary apparatus in vacuum
cleaner systems, the ownership of which has passed to the
McCrum-Howell Company.
H. C. Messimer, of New York,
was counsel for the complainant.
The suit was brought In Nov. 1908 for Infringement of letters patent No.
a vacuum cleaning system Issued Nov. 12 1907 to complainant
and Richard Raddatz, assignor to complainant.
The defendant’s system
was Installed by the Sanitary Devices Mfg. Co., a California corporation,
and the suit was defended by the latter.
An officer of the McCrum-Howell company writes In substance: ‘‘ThisIs
870,981 for
broad basic patent covering the governor or control of vacuum producing
apparatus, by which the amount of energy expended In producing the
vacuum, whether operated by steam or electricity, is directly and auto¬
matically controlled by the amount of vacuum used, without care or atten¬
tion on the part of the operator.
The cost of producing the vacuum,
therefore, varies directly with the amount of vacuum used.
For example,
If the cost of operating a single sweeper In a hotel runs about 5 cents per
hour, the cost with two sweepers In use would be about 10 cents, and If 18
sweepers were used at one time, about 90 cents per hour.
The suit will
be carried no farther by Streater Bros., so that the opinion In this case is
a
practically final.
“This patent Is onlyoneof 85 patents under the control of the Mo-Crum
Howell Co., each of which, we believe, is essential to successful and eco¬
nomical vacuum cleaning.
One of these, the Kenney patent, Is the
broadest patent In the business, and the Booth patent In England, which
corresponds exactly to the Kenney patent In America, has been sustained
by Justice Neville In the case of the British Vacuum Cleaner Co. vs. the
London & South Western Ry."—V. 91, p. 592, 399.°
Massachusetts Lighting Companies, Boston.—New Stock.
—The shareholders voted on Sept. 29 to increase the share
capital by the issue of 8,700 additional shares at $130 per
share, in order to pay for the stock of the Gloucester Gas
Light Co. and the Lexington Gas Co., recently acquired,
and to loan]money to the operating companies for extensions.
New shares will be Issued Immediately to pay for the Lexington Company
and to the former holders of the stock of the Gloucester Gas Light Co. who
have exchanged their holdings in that company for Massachusetts Lighting
Companies shares.—V. 90,
p.
1681, 630.
Mexican Mine Development Go.—Judgment against Former
President.—The Second Civil Court, of Mexico, in a suit
pending since 1900, recently rendered judgment by default
against George D. Barron, the company's former President,
for $11,529,542, being $8,324,830 and interest at 6% from
Dec. 31 1903.
The company was organized prior to 1900 and authorized the purchase
of mines at Tezlutlan and President Barron Is said to have secured titles In
his own name, soon after which the company was duly dissolved, the titles
Some time later certain stockholders,
remaining In his individual name.
claiming the dissolution
$700,000
or
600,000
200,000
Reserved to be issued for 90% of cost of future exten¬
sions and improvements, under stringent restrictions. .145,000
Present population served, about 37,000, including both Lansing and
Lansing Township; Increase very rapid. Franchises for 25-years in Lans¬
ing, granted June 1908, has no burdensome restrictions; 30-year franchise
from Township of Lansing dates from Sept. 1 1907.
Price of gas In Lansing,
80 cents net, and in Lansing Township $1 25 net.
Actual Earnings for Years ending Aug. 31 1907 to 1909; Estimated for
Calendar Year 1910.
1908-09.
1907-08.
1906-07.
1910 (est.).
Gas rales (cubic feet)
154,373,900 125,928,300 108,022,100
Gross earnings
$151,739
$126,123
$111,075
$185,663
Net earnings (after tax.)
$73,772
$61,762
$59,009
$100,849
Interest charges
40,135
34,980
29,724
Surplus
$33,636
$26,782
$29,284
earnings until the spring of 1909 were from the operation of the old
plant, which was in bad condition, and inadequate In size.
In March 1909
the company completed a new modern coal and water-gas plant.
The ca¬
pacity of the present plant is in excess of 1,000,000 cubic feet pe
allowing a large margin for increasing business.—V. 83, p.
The
La Prel© Ditch & Reservoir Co.—Bonds Called.—The com¬
pany called for payment at the Beacon Trust Co., Boston,
mortgage trustee, on May 1, it is said, at 106, the entire issue
of $200,000 6% bonds dated May 15 1908.
The bonds are secured by a first mtge. on a tract of 40,000 acres In Wy¬
oming, on which 15 miles of canal have been built for Irrigation purposes
under the terms of the Carey Act, the bonds having been Issued to pay for
the construction of a reservoir by the Ambursen Hydraulic Construction
Co. of Boston, which offered the bonds In 1908.
Library Bureau (of New Jersey), Boston.—October Divi¬
dend.—It is announced that the usual quarterly dividend of
was Illegal, suit was brought to recover the property.
$5,793,920 as the value of the output of the mines
during the time they were worked, and also for 85% of $4,000,000, the
estimated value of the plant.
^
Robert S. Towne, President of the Tezlutlan Copper Mining & Smelting
Co., which acquired the Tezlutlan property. It Is claimed, about a dozen
years ago by perfect unencumbered titles, states his company knows nothing
of the Judgment except what has been published, and except that It Is
Informed the judgment was taken without service on Mr. Barron In Mexico
and without his appearance there.
It Is open to question, he thinks,
whether the Mexican courts would sustain a judgment for 23,000,000 pesos,
even on the facts claimed, or whether the judgment would, on application,
be set aside.
Mr. Barron, It Is stated, some time ago disposed of his stock
A claim
Abstract of Letter by Prestiden C. H. Geist, Philadelphia, Pa., Sept. 11909.
Stock
875
was
made for
in the Tezlutlan company and resigned as an officer and director.
Mexican
Telegraph Co.—Partly Estimated Earnings.—For
ending Sept. 30:
3 and 9 months
3 Months—
1910
1909
9 Months—
1910
1909
Total
Income.
Net
Mexican
Income. Government.
$187,500
157,000
$171,000
144,500
$9,500
$599,500
$550,000
$28,500
539,500
466,000
23,500
7,500
Dividends
Paid.
Balance,
Surplus.
(2 H%) $89,735
(2^%) 89,735
$71,765
47,265
(7 H%) $269,205
(7 X%) 251,208
$252,295
191,292
New Director.—Charles II. Russell has been elected a
director to succeed John E. Alexandre, deceased.—V.
90, p. 912.
Motion Pictures Patents Co.—Favorable Decision.—Judge
Noyes in the U. S. Circuit Court in this city on March 8
granted a preliminary injunction against three makers of
moving-picture films for show purposes.
The company was organized a year ago by the Edison and Biograph
companies to prosecute infringements of the Edison patents and buy up
any outstanding patents not owned.
Two of the defendants are described
as the only New York companies which had “failed to obtain the Edison
company’s approval before advertising their wares."
876
THE CHRONICLE
It was claimed that not Edison, but a man named Greene, was the real
Inventor of the apparatus in moving-picture machines; but the Court said
that the arguments as to Greene had been exhausted in a previous suit,
and that the Circuit Court of Appeals had decided that the Edison patents
were valid.
It is said that there are now about 13,000 moving-picture
theatres in the country, calling for new films weekly, having a daily at¬
tendance of about 4,000,000, who pay an average admission price of 7c. each.
National Biscuit Co.—New Plant.—Contracts have been
closed for the construction of the new $1,000,000 plant of
this company at Kansas City, Mo.
This plant, which Is to be completed by June 1 1911, Is the second plant
to be built In Kansas City and will make a total of 54 for this company, of
which 82 are owned and 22 are leased.
The five factories operated In this
city are owned by the company but are built on leased ground.—V. 91, p. 592
,
[VOL.
LXXXXI
ing 5% bonds offered last week by J. & W. Seligman & Co.
of this city and the Continental & Commercial Trust
&
Savings Bank of Illinois and the Central Trust Co. of
Chicago, have all been sold.—V. 91, p. 792.
Philadelphia Suburban Gas & Electric Co.—Merger.—This
company has been organized, with $4,457,500 capital stock
in shares of $100 each
(all owned by the American Gas Co.
of Philadelphia), as a consolidation of the North Penn. Gas
Light Co. (V. 89, p. 1355), the Pottstown Light, Heat &
Co., the Lansdale & North Wales Gas Co. and the
original Philadelphia Suburban Gas <fc Electric Co. M. W.
Power
National Compositype Co., Baltimore.—Receivership.— Stroud of
Villa Nova is President and W. T. Robinson of
Judge Morris, in the United States Circuit Court at Balti¬ Haverford, Sec. and Treas. See
V.90, p. 563; V.91,p. 218
more, on Sept. 12 appointed H. Rowland Clapp receiver for
the National Compositype Co. and its ally, the Baltimore
Pittsburgh (Pa.) Plate Glass Go.—Payment for New Stock.
—Subscriptions for the 52,500 shares of new common stock
Uompositype Co. The ‘"Baltimore Sun” of Sept. 13 said:
offered until and including Oct. 1 at
Suit for the appointment of a receiver for the National Company was
par to all shareholders
brought by Edward J. Curran and Walter P. McComas, who hold promis¬
of record Aug. 17, to
the extent of 30% of their respective
sory notes for nearly $3,000.
The bill of complaint stated that the com¬
pany was formed In April 1904 to acquire a patent for a machine for casting
holdings, are payable in five installments of 20% each on
movable type.
For some time. It also stated, the company had suspended
operations and had sold much of Its plant.
Its assets were stated to be
-•$3,040,462, Including $2,715,000 as the value of Its patents. The liabilities
are also placed at the same sum,
lncludlng$3,000,000 capital stock, of which
$75,300 Is In the treasury.
None of the assets has any market value, the
only chance of realizing a substantial sum for the creditors being In the sale
«of the assets as a whole.
Suit against the Baltimore Companywas brought by George W. Walther,
H. Rowland Clapp, Louis F. Young and Edwin G. Baetjer, who hold
$18,000 of an Issue of $106,620 of its promissory notes.
Thecompanywas
formed In August 1907 to assist the National Company financially, and
made large loans to the National Company and acquired more than $100,000
-of Its capital stock.
It has no other assets than the money due by the Na¬
tional Company, amounting to $114,396.
Compare V. 85, p. 796.
New York & Albany Transportation Co.—Steamers ReSold.—The steamers “Frank Jones” and “Saratoga” were
re-sold for $76,000 in New York
Richard B. Fentress of Norfolk,
792, 521.
City at foreclosure sale to
Ya. Compare V. 91, p.
North Laramie Land Co., Laramie County, Wyo.—1‘Carey
Act” Bonds Offered.—Ulen, Sutherlin & Co., First Nat. Bank
Bldg., Chicago,
Oct. 1 1910, Dec. 31 1910,
April 1 1911, July 1 1911 and
Oct. 2 1911.—V. 91, p. 468.
Plaza Operating Co., New York.—To
Pay Maturing Notes.
—The 6% collateral trust gold notes and int. due Oct. 1 1910
will be paid on that date at the Trust Co. of
America, 37
Wall Street, New York City.
The auth. Issue of these notes
was $4,500,000.
In Dec. 1908 $4,164,000
reported outstanding and more recently only $3,325,000.
An In¬
of $3,175,000 In the capital stock was auth. Aug. 10 1910 (of which
$3,000,000 6% cum. pref.) to provide for remainder of Issue. Compare
V. 87, p. 1537.—V. 91, p. 468.
*
were
crease
Portsmouth Berkley & Suffolk (Va.) Water Go.—Status.—
J. S. & W. S. Kuhn, Inc., Pittsburgh, N. Y.
and Chicago, in
May last offered a block of the 5% gold bonds dated Nov. 1
1904, guaranteed by the Am. Water Works & Guarantee Co.
The firm then reported:
Capital stock
Financial Statement 1909.
$500,000
placing at par and int. $160,000 1st M.
aerial gold 6s, issued under Carey Act, dated
April 1 1910
and due $20,000 yearly on April 1 from 1913 to
1920, but
-callable on and after April 1 1915 at 103 and int.
P. and i.
(A. & O.) at American Trust & Savings Bank, Chicago,
trustee.
Par $1,000.
A circular informs us:
Auth. bonded debt, $2,500,000; bonds held for betterments,
$1,036,500; outstanding (Incl. those offered, but see United Water
& Light Co. In V. 91, p. 158—Ed.)
1,463,500
Annual revenue as of April 30 1909 (not 1910), $191,758; Int. and
oper.
charges, $125,796; net revenue, $65,962.
Since the American Water Works
& Guarantee Co. purchased this plant 5 years ago, the net revenues have
been more than trebled.
Population supplied, 65,000.
(See also United
Water & Light Co. In V. 91, p. 158.)—V. 90, p. 854.
Located In Laramie County, Southeastern Wyoming, 75 miles north of
on the eastern end Is the village of Uva, a station on the Colo¬
rado & Southern Ry.
Comprises about 8,000 acres of rich agricultural
land, 4,133 acres Government lands segregated under "Carey Act:” re¬
mainder owned by the company.
This region produces alfalfa, wheat,
potatoes, oats, barley, corn and sugar beets, and Is peculiarly adapted to
the raising of cattle, sheep and hogs.
Main canal or ditch about 15 miles
long, with laterals and three natural reservoirs, distributing the water by
gravity. The North Laramie River where tapped has a flow of 48,960
acre feet, or sufficient to Irrigate 27,200 acres.
These bonds are secured by a 1st M. on all property, main ditch, reser¬
voirs. laterals, 3,840 acres of land, &c., owned In fee. and by deposit with
the trustee of water contracts and mortgage liens made by
purchasers of
land.
All payments on water contracts are held by the trustee for Interest
and principal of the bonds.
Construction Is completed and a large portion
of the land sold at an average of $45 per acre to actual settlers.
Selling
Pueblo-Rocky Ford Irrigation Go. of Colorado.—Bonds
Offered.—Julius Christensen, Drexel Bldg., Philadelphia, is
offering at par and int. the unsold portion( less than $250,000)
of the present issue of $1,000,000 1st M.and collateral trust
6% gold bonds due Jan. 1 1930, but callable at 105 and int.
on and after
Sept. 1 1910. Par $500 and $1,000. Int. J.&J.
at Chicago Title & Trust Co.,
Chicago, trustee, and at Nat.
City Bank, N. Y. A circular shows:
are
Cheyenne;
frices fixed by the State: 2,733
$37 50
acres, The trust
per deed
acre; limits
3,840 the
acres,
$60;
.400 acres, $50; total value, $402,887.
debt
to
$21 per acre; there are at the date of Issue $47 50 contract liens or first mort¬
gages deposited with the trustee for each $21 of bonds outstanding.
Northwestern Ohio Natural Gas Co.—New Officers.—The
Ohio Fuel Supply Co. having, it is stated, purchased
prac¬
tically all of the company’s $2,755,520 stock (including, it is
said, the Standard Oil Co. holdings), has reorganized the
management as follows:
George W. Crawford of Pittsburgh, President, succeeding A. C. Bedford
of New York; J. M. Garard, Vice-President, to succeed W. D.
Dailey of
Cleveland.
New directors: M. C. Treat of Pittsburgh,
succeeding John W.
Crawford; H. C. Reeser, Pittsburgh, In place of H. L. Platt, and C. E. Craw¬
ford, Columbus, succeeding C. T. Lewis.
The above, with John W. Mc¬
Mahon, R. J. Bufkhalter and J. H. Doyle, all of Toledo, and E. C. Bedford
of New York, it is said, constitute the board.
[The exchange of stock was on the basis of one $50 Northwestern share
for two $25 Supply shares, a complete exchange calling for $2,755,520 of
Ohio Fuel Supply Co. stock, the latter, it is now reported,
participating
In the 50% dividend in 6% debentures declared by the
Supply Co. last
July.—Ed.j
Compare V. 91,
p.
41, 98.
Ohio Fuel Supply Co., Pittsburgh.—Reduction of Dividend
Rate from 10 to 8% Following 50% Distribution in 6% De¬
bentures .—The declaration on Sept. 23 of a quarterly divi¬
dend of 2%, payable Oct. 5 to stockholders of record Sept. 30,
reduces the annual rate from
10% to 8%. In July last the
extra dividend of 50%, payable in 6%
company declared an
debenture bonds.
Northwestern Ohio Natural Gas Co.—See that
company
above.—Y. 91, p. 41, 213; V. 90, p. 1365, 1047.
Omaha (Neb.) Water Co.—City Offers Bonds to Buy Plant.
—See Omaha in State and City Department.—V. 90, p. 1617.
Paul J. Rainey Pier Co., Long Beach.—New Name.—Presi¬
dent Charles N. Talbot Jr. announces that application will
be made to the court on Oct. 21 for authority to
change the
corporate name to the Long Beach Pier Co. See description
in V. 90, p. 854.
Capitalization: Capital stock, $2,000,000; 1st M. & coll, trust bonds
authorized, $2,000,000, of which outstanding against present development
of 50,000 acres, $1,000,000, and reserved for purchase of additional
lands,
$1,000,000.
A consolidation of the properties of the Orlando Canal &
Reservoir Co.,
org. In 1906, and the Huerfano Valley Ditch & Reservoir Co.
Has acquired
direct flow and storage rights to the waters of the Huerfano and Cucharas
rivers, tributaries of the Arkansas River, a flow In the five Irrigation months
of from 190,000 to 214,000 acre ft., together with storage capacity for
370,000 acre ft., sufficient for the Irrigation of more than 150,000 acres
of land.
Drainage area about 1,650 sq. miles. Average rainfall, 22 Inches. Is de¬
veloping Its system with a view to the ultimate purchase and Irrigation of
about 150,000 acres of lands.
The first unit of 50,000 acres Is now being
developed, the irrigation plant Is practically finished and water will be
turned on for the Irrigation season of 1911
The bonds herein offered are a first lien on the water rights and
Irrigation
plant and on the first unit of 50,000 acres consists of the most fertile land
In Colorado, lying south and east from the city limits of Pueblo, Col.
(popu¬
lation 65,000), and no part of the land Is over 8 miles from the railroad.
Main crops: fruits, all garden vegetables, sugar beets, alfalfa, corn and
grain.
Climate mild and equable.
Owns or controls about 100 cu. ft. per second
of stream flow rights; also eight reservoir sites, combined capacity 370,000
acre ft., for storage of flood waters of the river.
The company has closed a contract for the sale of all its lands at a mini¬
mum price of $150 per acre for land and perpetual water
rights; 10% cash,
balance due In 20 annual Installments.
Title Is given to settlers after 30%
has been paid In cash, at which time first mortgages on their lands and
water rights, as deeded to them, are deposited with the trustee hereunder to
the extent of $1,500 for every $1,000 bond outstanding. As these
mortgages
represent only 70% of the cost of the land, the cash value back of these
bonds Is really more than double the principal.
The President Is J. M.
Wilson and the Vlce-Pres., W. F. Hamilton.; both have extensive ranch
Interests under Irrigation in Douglas, Wyo.
Ralston Steel Oar Co., Oolumbus, 0.—New Bonds.—The
$500,000 6% gold bonds placed in London in 1909 through
a New York banking house are secured
by mortgage to the
Columbus Savings & Trust Co., as trustee, are dated June
30 1909 and due June 30 1929, but subject to call June 30
1919 at 105.
Par $500.
office of trustee.
All the
Interest June 30 and Dec. 31 at
underlying bonds ($250,000 Rarig
Engineering bonds) have been retired and canceled.—(V. 89,
p. 476.)
Richardson Paper Co., Lockland, O.—Capital Stock.—
This company, incorporated March 1 1908 under the laws
of Ohio, in November last increased its authorized issue of
capital stock from $600,000 (all of one class) to $1,500,000,
Pennsylvania Lighting Co.—First Dividend.—The direc¬ to consist of $1,000,000 common and $500,000 6% cum.
a first quarterly dividend of
134% on the pref.; but only the original $600,000 common, on which
$200,000 5% pref. stock for the three months up to Oct. 1, 6% dividends are being paid, is now outstanding.
The preferred will be subject to redemption after 10 years at 110.
payable Oct. 15 on stock of record Oct. 1. The pref. shares
Par
of all shares, $100.
The Increase In the authorized stock was made In con¬
are limited to 5% per annum, cumulative,
beginning in 1911 nection
with a proposed Increase In the output capacity of box-board from
they are subject to call at 102 and accrued div. after 1913.
50 tons to 110 tons dally; In addition, the plant produces dally 40 tons of
miscellaneous
paper.
No bonds or mortgage. Pres., C. C. Richardson;
New President.—On account of impaired health, Frank P.
Sec., W. S. LaRue; Treas.. W. H. Richardson.
Llewellyn has resigned as President, being succeeded by
Santa Oecilia Sugar Go.—Sale of Bonds.—Adrian H. Muller
R. E. Robinson of the firm of R. E. Robinson & Co., N. Y.
&
Son, auctioneers, sold in N. Y. City on May 25,for$7,500,
and Philadelphia.
Mr. Llewellyn has been elected Vicethe following securities:
President in place of Mr. Robinson.
See V. 91, p. 218.
$10,000 1st M. 6s, 1925, Feb. 1909, and subsequent coupons attached $800
People’s Gas Light & Coke Co., Chicago.—Bonds.Sold.— 6% coupon note, due Feb. 1 1913, Aug. 1908 and subsequent coupons;
$300 6% coupon note, due Aug. 1 1913, with Feb. 1909 and subsequent
It was announced on Thursday that the $2,000,000 refund¬ coupons;
$5,000 stock (50 shares of $100).—V. 87, p. 550.
tors have declared
Oot. 1 1910.)
THE CHRONICLE
Sharp Manufacturing Go., New Bedford, Mass.—Pref.
Offered.—Philip M. Tucker and Hawes, Tewksbury &
Co., both of Boston, are receiving subscriptions at par ($100
a share) for this new company s 6% cum. pref. stock.
Sub¬
scriptions are payable 20% July 1, 25% Sept. 1, 25% Nov. 1
1910 and 30% Jan. 1 1911, with 4% int. allowed on pre¬
payments.. A circular says:
Stock
Incorporated under laws of Mass, to manufacture cotton
yarns.
Pref
♦300,000; common stock, $1,200,000.
Pref. dividends payable
quarterly accumulating from April 1 1911. Pref. stock participates equally
with the common up to 8% and Is convertible for two years, beginning
Jan. 1 1913 Into common at ratio of six shares of pref. for five shares of
common.
Pref.ls callable after Jan. 1 1915 at 120.
No mortgage without
consent of 75% of pref. stock. $900,000 of the common already subscribed.
Plant will have Intltlal Installment of 60,000 spindles, with a capacity of
90,000.
Directors: Joseph T. Kenney, Pres.; Charles P. Curtis, Vlce-Pres.
Arthur R. Sharp. Treas.; William H. Bent. Frank Brewster.
stock.
Shawinigan Cotton Co., Ltd., Montreal.—Status.—This
company, referred to in the annual report of the Shawinigan
Water & Power Co. (V. 90, p. 695) was incorporated on
Oct. 22 1909 under the Canadian Companies Act with
$1,000,000 stock in $100 shares and an issue of $2, 00,000
1st M. 6% gold bonds, of which $600,000 are outstanding.
The bonds are dated Dec. 1 1909 and are due Dec. 1 1949, but are subject
to call Dec. 1913 at 105 and Interest.
Par, $1,000 and $500.
Interest
J. A D. In Montreal and London.
Trustee, Montreal Trust Co., Ltd.
Sinking fund, $10,000 yearly beginning after June 1913 and increasing to
$40,000.
Pres., J. N. Greenshlelds, K.C., Montreal; Sec., A. C. Calde;
Treas., Leslie G. Craig.
Office, 86 Notre Dame West, Montreal.
Shawinigan Water & Power Co., Montreal.—New Stock.—
Subscriptions for the additional $500,000 common stock
offered at par until Oct. 15 to shareholders of record Sept. 28
payable 33% at once, 33% Nov. 15 and 34% Dec. 15.
Compare V. 91. p. 721.
Sherwin-Williams Co., Cleveland.—New Stock TV as $2,are
000,000 Common.—A circular stated in substance:
In order to provide for the needs of our constantly growing business, It Is
found necessary at this time to Increase our capital.
At the recent meeting
of stockholders It was
that the common stock
unanimously
recommended
be Increased $2,000,000.
A special meeting of the stockholders Is therefore
called for Dec. 20 1909 for the purpose of Increasing the capital stock from
$6,000,000 [consisting of $4,000,000 common and $2,000,000 preferred.—
Ed.] to $8,000,000, or to such other amount as the stockholders may
determine, all of said Increase to be common capital stock.—V. 90, p. 855.
Standard Cordage
the
Co.—Receivership.—Justice Whitney in
Supreme (State) Court in this city on Sept. 24 appointed
Clarence H.
Trust Co., as
lution begun
Kelsey, President of the Title Guarantee &
receiver in the proceedings for voluntary disso¬
by a majority of the directors in April last.
Compare V. 91, p. 657; V. 90, p. 1048. ^
Standard Milling Co., New
York.—Pref. Stock on 4% Basis.
—A semi-annual dividend of
2% has been declared on the
$6,900,000 5% cumulative pref. stock* payable Oct. 31 to
holders of record Oct. 25, comparing with 1^% in April last
and Oct. 1909 and 1^% regular and % of 1% extra in April
1909 and Oct. 1908.
1903.
Dividend Record of Preferred Stock (Per Cent).
1908.
1904 to 1906.
1907.
1909.
Apr., 1
—V. 89, p.
2 yearly
1222.
3
3^
3y>
1910.
Apr., 1 lA\ Oct., 2
Standard Sanitary Manufacturing Co.—Government Suit.—
Suit was filed by the Government in the U. S. Circuit Court
at Baltimore on July 22 against 16 manufacturers of sanitary
enameled ironware and a number of individuals connected
therewith on the charge of forming a conspiracy or combina¬
tion in effect since June 1 last
(known as the “Bath Tub
Trust”) to control prices and terms of sale of their products
in violation of the Sherman Anti-Trust law.
Capitalization Now Being Issued.
Bonds—First M. 6%, authorized, $2,500,000; remaining
treasury. $750,000; now being issued
Standard Transportation Co.—Steamship Bonds.—Brown
& Co. recently offered at par and int. the unsold
Bros.
portion of $150,000 1st M. gold 5s.
■
A circular reports:
Dated April 1 1910 and due serially $15,000 each Jan. 1, beginning 1911
Int. J. AJ. (first payment Jan. 1 1911, covering 9 months).
Int. and prln. payable at Superior Savings & Trust Co.,
Cleveland, trustee.
Redeemable on any Interest day at par, interest and
1 %
for each year the bond has still to run to maturity; but In no event
at less than 102 and int.
First mortgage upon the steel, bulk-freight
steamer “John B. Cowle," now being constructed by the American Ship¬
building Co.
Length over all, 545 ft.; beam, 58 ft.; draft, 31 ft.; carry¬
ing capacity, 10,000 tons.
Cost $340,000, free of all debt except this $150,000 bond Issue.
Directors: A. E. Nettleton (Pres.) and H. S. Wilkinson
(Sec.-Treas.), Syracuse, N. Y.: J. Burton Ayers (Vlce-Pres.) and John B.
Cowle, Cleveland. Ohio; A. G. Brower, Utica, N. Y.
and ending 1920.
Par $1,000 (c*).
Sterling Coal Co.—Bonds Offered.—A. E, Ames & Co.,
Ltd., and F. H. Deacon & Co., Toronto, and Rodolphe For¬
get and Johnston, McConnell & Allison, Montreal, offered
recently the unsold portion of $1,750,000 6% first mortgage
sinking fund bonds with 50% bonus in stock. The company
was incorporated under the laws of the Dominion of Canada
on
Feb. 2 1910,.' A circular shows:
in
$1,750,000
Stock—Authorized, $3,500,000 (par of shares, $100); remaining
in treasury, $1,000,000; now being issued
2,500,000
Mortgage trustee. Guardian Savings & Trust Co., Cleveland, O. Sink¬
ing fund 2% per annum on amount of bonds issued, commencing Jan. I 1912.
Denominations $100 and $1,000.
Redeemable at any Interest date at 10$.
The coal consumed in the central provinces of Canada is so
largely ob¬
tained from the neighboring States that it has seemed appropriate that a
strong coal company should be formed by Canadians to supplement the
local
buying market.
The directors, accordingly, intend acquiring under
arranged, the following properties in the States of
Ohio and West Virginia, or any two of said groups, with or without addi¬
tional coal properties, said three groups being:
(1) Hileman Group (all operating) (a) Sterling Mine, on Penn. RR., near
terms which have been
Salineville, Carroll Co., O.; (ft) Strip Vein Mine, adjoining Sterling Mine;
(c) Ohio Coal A Clay Co., property on Erie RR., near Washingtonville,
Mahoning Co., O.; and id) Delmore Mine, on Erie RR., near Leetonla,
Columbiana Co., O. (about 200 yards from the Penn. RR. and 6 miles from
the Ohio coal mine).
This district has an advantage of at least 20 cents a
ton on freight rates to Cleveland and to all Lake Huron, Georgian Bay,
Lake Michigan and Lake Superior ports over any other district in Ohio.
(2) Beckwith Group, on the B. & O. RR. (a) The Cecil Mine, in Taylor Co.,
W. Va., about 7 miles south of Grafton; (5) Malta mining property, in Bar¬
bour Co., W. Va., 30 miles south of Grafton.
(3) Acadia Property (subject
to approval on six months’ test), in Athens and Washington Counties, O.,
on B. A O. Southwestern, and about H mile south of Toledo & Ohio Cen.RR
In all 11,026 acres, of which the coal is owned outright on 8,879 acres,
the remainder being held under very low leasing arrangements, maximum
rate 5c. per ton screened.
The tonnage which may be economically devel¬
oped in these properties, other than the Acadia, is estimated by Charles
Fergie as over 75,000,000 tons, and in the Acadia as over 42,000,000, the
whole being equal to an output of 1,500,000 tons per annum for a period
of 78 years.
The coal is of good steaming quality, and the Beckwltn out¬
put is also a good coking coal.
The net profits from the four mines in the Hileman group, which repre¬
sents only one-third of the total purchase price, should within a few months,
with additional equipment not costing more than $70,000, provide for 6%
Interest on $1,300,000 of the $1,750,000 of the bonds.
It is Intended to
develop at once the two mines in the Beckwith group and to construct
500 coke ovens.
The Acadia property is believed to be very valuable.
After paying for the properties in full, the company will have out of the
proceeds of the sale of bonds $868,750 cash for equipment and development
and for working capital, which is regarded as ample.
The money required
for equipment and to complete developments after providing for unforeseen
contingencies is $666,050.
Estimated Yearly Profits After Equipment.
Profits
$345,500
Deductions: Interest on $1,750,000 1st 6s, $105,000; sinking fund
(2%), $35,000; depr., $20,000; taxes, insurance, Ac., $5,000-. 165,000
Available for divs. (over 7% on $2,500,000 stock)
.$178,500
President W. F. Tye believes that the net revenue should warrant decla¬
ration of dividends of 6% per annum upon the stock during the year 1912.
Directors.—W. F. Tye, Montreal, Pres.; A. E. Ames, Toronto, Vlce-Pres.;
N. Curry, Rodolphe Forget and J. W. McConnell, Montreal; F. H. Deacon,
Toronto; Andrew Squire and H. D. Hileman (General Mgr.), Cleveland, O.
Head office, Toronto.
Selling office, Cleveland.
Taylor Irpn & Steel Go., High Bridge, N. J.—Bonds
—Wm. Morris Imbrie & Co., New York and Jersey City,
some months since offered at 97 and int., yielding 5.40%, the
present outstanding $300,000 first mortgage sinking fund
5% 10-year bonds, total authorized issue $500,000, dated
July 1 1909 and due July 1 1919, but callable at par. Cumu¬
lative sinking fund at least $20,000 yearly.
A circular says:
The capital stock authorized and issued is $1,000,000, consisting of
$500,000 7% cumulative pref. stock and $500,000 common stock.
The
7% pref. dividend has been paid since Incorporation in 1891, and varying
dividends on the common stock, ranging as high as 10% per annum.
There has been a total expenditure in the property of about $2,500,000,
and our expert figures the present liquidating value at over $900,000
without the expenditure of any moneys from the present bond issue.
The net earnings for the last 10 years have averaged about $177,000 per year.
The funds from the bond issue will De used in the development of water
power from the South Branch of the Raritan River and for Installation of
additional electrical equipment, machinery, and means for handling In¬
creased output already under contract.
The company was incorporated In New Jersey Aug, 7 1891, succeeding
the Taylor Iron Works, one of the oldest companies in the country.
It
manufactures manganese, nickel and chrome steel and other steel castings
by the Hadfleld process. The President is R. E. Jennings, President of the
Carpenter Steel Co. of Reading, Pa.; Vlce-Pres., Henry M. Howe of Colum¬
bia University;
Knox Taylor.
Vice-Pres,
and
Treas.,
Perclval
Chrystie;
Texas (Oil) Co.—Listed.—The New York Stock
has listed
Gen.
Mgr.,
Exchange
$27,000,000 capital stock.
Earnings.—For the year ending June 30 1910:
The corporations named as defendants Include:
Barnes Manufacturing
Co., Mansfield, O.; the Cahill Iron Works, Chattanooga, Tenn.; the Colwell
Lead Co., New York; the Day-Ward Co., Warren, O.; the Humphreys
Manufacturing Co., Mansfield, O.; the Kerner Manufacturing Co., Pitts¬
burgh; the J. L. Mott Iron Works, New York; the McCrum-HowellCo.,
New York; MacVay & Walker, Braddock, Pa.; the National Sanitary
Manufacturing Co., Salem, O.; the Standard Sanitary Manufacturing Co.,
Pittsburgh; the United Sanitary Mfg. Co., Noblesville, Ind.; the United
States Sanitary Manufacturing Co., Pittsburgh; the Wolff Manufacturing
Co., Chicago; the A. Weiskittel A Son Co., Baltimore, and the Wheeling
Enameled Iron Co. of Wheeling, W. Va.
The defendants, It Is alleged, control 85% of the output of the country
In sanitary enameled Iron ware (consisting of
bath-tubs, wash-bowls,
lavatories, drinking fountains, sinks, Ac.), the comblnatelon blng carried
out through the holding of three patents by Edwin L. Wayman of Pitts¬
burgh In their joint Interest.
Theodore Ahrens, President of the Standard Sanitary Manufacturing
“The suit grows out of certain patents we have taken up,
Co., says:
resulting In a re-arrangement of prices. It Is true that we control 85% of the
output, but we have not advanced prices, nor compelled jobbers to sign
Iron-bound contracts as a condition to obtaining our goods.
We have not
refused to sell any one not signing such contracts. The statement that
we are backed by $100,000,000 capital Is absurd.
All the firms In the
organization do not do a business of $15,000,000 a year.
Before we took
up these patents we laid the matter before the Department of Justice and
were assured that our plans were perfectly legal.”—V. 88. p. 1065.
*
811
Gross
from sales, Ac $9,848,770 Insurance reserve
expenses
$5,562,755 Sink. fd. A deprec.
interest and taxes
374,222 Dividends (12%)
earns,
Operating
Total
Net earnings
—V. 91, p. 517,
acc’t._
$5,936,977
Total deductions
$3,911,793 Balance, surplus
r_
$250,000
998,921
1,562,872
$2,811,793
$1,100,000
532.
Union Oil Co., Los Angeles.—Bond Issue
for $20,000,000
$25,000,000 Recommended.—President Stewart,in a letter
accompanying the monthly dividend of
of 1%, aggre¬
gating, it is said, $145,086, says in substance:
or
Only fairly to develop our proven oil territory would require the drilling
of at least 1,000 wells, which will cost on an average $20,000 each, or a total
sum of $20,000,000.
The purchase of lands In the new oil fields, the ex¬
tension of pipe lines and refinery systems, Increases to fleet, additional mar¬
keting stations, Ac., would involve an Investment of many millions addi¬
tional distributed through a number of years.
To provide for this development from earnings would limit the company’s
ability to pay to Its stockholders as large a percentage In dividends as they
have a right to expect under our policy to so pay 50% of net earnings.
We are therefore considering a large bond issue, say, from $20,000,000 to
$25,000,000 for 25 years at 5%. These bonds to be offered for sale only as
money may be required.
These bonds would absorb the Issues of the
auxiliary companies which our company has guaranteed.
The earnings of the company for 1910 will probably exceed those of 1909
by $500,000. An Increase of the dividend rate has been considered, but
the officials have hesitated to take the step, for various reasons. The Pro¬
ducers’ Transportation Co. and the Lakevlew Oil Co. have each made big
earnings.
Only 6% of
our oil land
holdings have
so
far been developed.
Stock
Option—Further Data.—On June 1 the company
offered to stockholders of record on that day in the Union
Oil Co. of California, United Petroleum Co. and Union Provi¬
dent Co. the right to subscribe at par, $100 a share, prior to
July 1, for a block (amounting, it now appears, to about $3,636,300) of its treasury stock in amounts up to 8% of their
present holdings of stock in above companies. Subscriptions
payable in four installments of 25% each, July 1, Sept. 1
and Nov. 1 1910 and Jan. 1 1911.
A circular further said:
It Is the policy
of the Union Oil Co. to extend equal subscription privi¬
leges to holders of stock of United Petroleum Co. (amount Issued said to be
$8,075,100—Ed.) and Union Provident Co. (amount Issued said to be
$12,248,271—Ed.), and at the same time to safeguard the general Interests
of the latter company; accordingly each stockholder subscribing lor two or
more shares of the treasury stock hereby offered wlH exchange share for
share one-half of the shares subscribed and purchased by him for shares
,
THE CHRONICLE
878
*
of tbe Union Provident Co. And pay Into the treasury of the Union Provi¬
dent Co. 4 l-6c. per share for each share so exchanged. This latter pay*
ment goes Into aland, the Interest on which pays au the running expenses
of the Union Provident Co., insuring to the stockholders ths payment of
the same dividends declared and paid to the stockholders of the Union Qil
Co. of California without any deductions whatever.—V. 90, p. 1082.
United Engineering A Foundry Go.,
Stock.—'The shareholders of this dose
Pittsburgh, ?* jyeu?
Pennsylvania corpora¬
tion, which claims to be “the largest roll-maker in the
world,” will vote Nov. 8 on increasing the capital stock from
$5,500,000, as authorized at organization in 1901 (consisting
of $3,000,000 common stock and $2,500,000 7% cum. pref.,
but only $2,000,000 of each class reported recently as out¬
standing, par $100), to $7,500,000, consisting of $2,500,000
of pref. stock and $5,000,000 of common stock, of which
$2,050,000 of pref. stock and $4,000,000 of common stock
will be issued.
The company has “no indebtedness of any kind other than current ac¬
counts, which we settle monthly, and we pay dividends of 7% on the pref.
stock and 10% on the common.”
Object of increase not stated. The prop¬
ertied owned are McGill & Co., Lincoln Foundry Co. and Frank-Kneeland
Machine Co., Pittsburgh; Lloyd Booth Co., Youngstown, O.; Chilled Roll
Foundry Co. and Steel Foundry. Vandergrlft, Pa. Output, “iron, steel
and tube works equipment.” The officers are: Isaac W. Frank, Pres.;
Chas. E. Satler, Sec., and Edward Kneeland, Treas.
Office, Farmers’
Bank Bldg., Pittsburgh. Pa.—v. 73, p. 86.
United Fruit Go.—Listed.—The New York Stock Exchange
has listed $1,125,000 additional stock, to be issued as of
Oct. 1 1910 in payment for the remaining $225,000 shares of
Elders A Fyffes, Ltd., which the company has agreed to pur¬
chase, making the amount listed $24,599,000.
.
Eiders & Fyffes, Ltd., Is engaged extensively in Importing bananas and
other tropical products into Great Britain and distributing them there and
throughout Europe. It owns tropical plantations ana 10 ocean-going
steamships, with two other steamships under construction. Its share capi¬
tal Is £450,000, in shares of £1 each; 300,000 shares fully paid and 150,000
shares 25% paid in.
The United Fruit Co.’s Interest win be Increased by
the present purchase to 100%.
There are,outstanding £49,525 6% de¬
bentures and. on July 31 1910, “liabilities on account of steamers’’ of £279,670
Income Account.—For nine months ended June 30 1910:
Net earnings
$4,584,087]Tot. surp. Sept. 30 1909.$12,006,805
Interest and miscellaneous
293.486
Total surplus
$15,476,386
Total net incom
$4,877,578 Extra div. (10%) paid
1
Dividends declared
1,407,992
Surplus for 9 months. .$3,469,581
91, p.731, 42.
_
Nov. 15 1909
Balance, surplus..
2,134,000
.$13,342,386
—V.
United Shoe
Machinery Corporation.—Settlement of Litiga¬
tion—Acquisition.—It was announced this week that a set¬
tlement had been effected of the outstanding litigation (con¬
sisting of a number of suits) between the company and Thos.
G. Plant, President of the Thos. G. Plant Co., shoe manu¬
facturers, with plant at Jamaica Plain, Mass. Compare
V. 91, p. 158.
No authoritative statement is made as to the extent or terms of the deal,
but unofficial reports are to the effect that the company has acquired the
Lynn and Lawrence, Mass., plants of the Wonder Worker Shoe Machinery
Co., together with Its patents and other rights, and possibly also the shoo*
manufacturing business of the Thomas G. Plant Co., the consideration being
variously stated as from $5,000,000 to $10,000,000.
The Wonder Worker Machinery Go. was Incorporated In New Jersey on
Aug. 29 last with $10,000,000 authorized capital stock, of which $3,000
wae atonce paid In.
Mr. Plant It Is said, has $pent “upward of $4,000,000
for the plants at Lynn and Lawrence and the development of the patents
and construction of machinery, some features of which were Improvements
on those used by the United company.”
The Thomas G. Plant Company was incorporated In Massachusetts in
1893 and reincorporated in New Jersey In 1901. Its capital stock at last
accounts was $2,500,000 common and $1,250,000 preferred, a total of $3,750,000 ou$ of $5,000,000 authorized. The preferred stock receives regular
dividends of 7% annnually; common stock dividends have been paid In
The stock has been closely held and not publicly quoted.
various amounts.
The company’s surplus was recently reported at $608,956, its patent rights
and trade-marks being valued at $1,250,000.—V. 91. p. 158.
United States Goal A Oil Go., Boston.—Plan.—The
com¬
[Voii. LXXXXI
and controls about 7,000 acres of the best orchard lands (“Council Mesa
Orchards”) in Washington County, Ida,, being a district famous for apples.
Property consists largely of deeded lands held In fee simple by the com¬
pany, whloh are being divided Into 5 and 10-acre tracts and planted with
apples; within three years from {Ranting will be held at $300 to 3509 per
acre.
Already under dlteh, with water obtained from the Middle Folk
of riie Weiser River, having Its souree in the Welser National Forest Reserve,
a drainage basin of some 84 square mites, snow remaining on some of the
mountains the entire year.
Has State grant of ample and perpetual water
rights on Middle Fork and Lost Creek. The Pacific A Idaho Northern Ry.
skirts the western edge of the land (none Is more than 4 H miles distant);
connecting at Weiser with the Oregon Short Line (U. P.) and now being
extended northward so that it will soon have an outlet to the Chi, Mil. a
St. Paul, tae Nor. Pacific and the Great Northern railways. Neighboring,
towns: Council, population 800; Cambridge, population 600;
Midvale
population 1*609. Ac.
Westchester
County Water-Works Go., White Plains,
Y.—Payment of First Mortgage Bonds.—The Farmers’
Loan & Trust Co. of New York gives notice that, in pursuance
of a judgment of the Supreme Court, it is now prepared to
N.
pay the principal of the 1st M. 6% bonds, dated July 1 1886
and payable July 1 1906, with the interest represented by
the coupons attached to the maturity of the bonds.
The property Is now owned by the village of White Plains, which took
the same under condemnation proceedings on Sapt. 1 1898.
There
outstanding In addition to the $100,000 1st M. bonds referred to above
$100,000 6% 1st consol. M. bonds of an authorized issue of $200,000, dated
Jan. 1 1900 and also maturing July 1 1906, the $100,000 1st consuls which
were reserved for the 1st M. bonds never having bsen Issued.
The award
as finally fixed by the Court of Appeals after two appeals, during thirteen
years’ litigation, leaves practically nothing for the holders of the 2d (or
consolidated) mortgage bonds.
over
were
(Alan) Wood Iron A Steel Go., Philadelphia.—Merger.—
This company early in April completed its merger of the
Richard Heckscher & Sons Co., a company with $2,000,000
capital stock (recently increased from $800,000), owning a
blast furnace with two stacks (combined annual capacity
about 250,000 tons) at Swedeland, Pa., upon the opposite
side of the Schuylkill River from the Alan Wood plant,
making the latter independent as regards its supply of pig.
iron.
The capital stock, authorized, issued, or both, was recently
increased from $3,500,000 ($3,000,000 common; $500,000
8% preferred;
par
$100) to $7,000,000.
No bonds.
Pres.,
Howard Wood, 519 Arch St., Philadelphia.—V. 76, p. 1200.
Youghiogheny A Ohio Goal Go., Cleveland, O.—Status—
Bonds
Offered.—The Tillotson & Wolcott Co., Cleveland, O.,
offering at 101 and int. the unsold portion of $200,000
1st M. 6% sinking fund gold bonds, dated 1908 and due
July 1 1933, but callable by lot on any interest date at 105.
Int. J. & J. at Guardian Savings & Trust Co., Cleveland,
are
trustee.
A circular shows:
Capitalization: stock. $1,500.000; bonds, authorized and Issued, $2.500,000. Tbe bonds are a first and only lien upon the company’s property,
which is located in Westmoreland and Washington counties. Pa., one tract
near Washington, Pa., on the Pennsylvania RR., the other near West
Newton, Pa., on the B. A O. RR.; together containing 6,700 acres of highgrade gas and steam coal, owned in fee add fully developed: 2 shaft mines
and 2 drift mines, total developed capacity about 180,000 tons per month
output; actual output has been about 120.000 tons per month.
The
property is valued at from $4,500,000 to $5,000,000.
The company con¬
trols at West Superior, Wis., one of the best equipped docks on the upper
lakes.
For the past five years the company has handled an average of 2,500,000
tons of coal per year.
Sinking fund for bonds 10c. for each ton of run-ofmlne coal shipped, which on an estimate of this acreage, at53,500,000 tons
run-of-mlne, would retire Hie entire bonded debt twice over; $63,000 bonds
have already thus been canceled.
Officers: F. M. Osborne, Pres., Cleveland; J. S. Patterson, Vlce-Pres.,
Pittsburgh; S. H. Robbins, Sec. and Treas., Cleveland.
851.
Compare V. 81,
p.
—The well known Berkeley School, at the corner of 72d
St. and West End
Ave., New York City, opened its 31st
this week with a full complement of instructors and
pupils. The increased attendance has necessitated the open¬
ing of the Berkeley School Annex, directly across West End
Ave.
This building is adapted to the uses of the lower school
and can accommodate 100 pupils.
The new headmaster,
Joseph Curtis Sloane, enters upon his duties at the opening of
this year upon the retirement of Dr. Edwin Fowler.
year
is reported to be contemplating a re-arrangement of its
capitalization. It is planned to issue a pref. 6% stock to
replace a part of the common stock.—V. 89, p. 917. •
United States Independent Telephone Co., Rochester,
N. Y.—Verdict Against Promoters.—A jury in the Supreme
Court at Rochester on Sept. 23 returned a verdict in favor of
—The second annual number of “Walker’s Manual of
Frank H. Downey, holder of one of the company's bonds,
plaintiff, against Thomas W. Finucane, George Eastman, California Securities and Directory of Directors”, com¬
Hiram W. Sibley, James S. Watson and other directors piled by H. D. Walker, 454 Montgomery St., San Francisco,
It is a handsome volume of about 400 pages,
and promoters of the company, formed in 1905, as defend¬ is now at hand.
ants in a suit to recover damages for alleged false representa¬ some 54 of which are devoted to financial statements of the
tions in the prospectus offering the bonds.
There are said banks in San Francisco, 210 to electric railways, oil,
to be $13,407,000 of the bonds outstanding.
light and power and miscellaneous corporations, 29 to ranges
of prices at San Francisco Stock Exchange from Jan. 1 1909
As stated in the newspaper accounts, the promoters purchased the burglar
alarm franchise of the Mercantile Electric do..of New York for $250,000
to June 30 1910 and 101 to the directory department.
and had It conveyed to the United States lee Co. for $40,000,000 of Its
stock and bonds.
The Appellate Division of the Supreme Court thereafter
—Attention is called to the list of high-grade securities
held that the Mercantile company’s franchise was void because it had not
on another page by Redmond & Co.
advertised
been granted by the Board of Aldermen.
The Independent Co. went
They point
into receivers hands in Feb. 1908 (V. 86, p. 486).
out that the offering affords an exceptional
opportunity
The Jury brought in special findings to the effect that the Issue of $40,of acquiring bonds at prices well below the figures at which
000,000 stock for the Mercantile Electric Company’s franchise was frauduent. and that the representations of the prospectus about this and other
they have sold every year for the past few years.
matters were intended to deceive the public.
Compare V. 87, p. 681;
—The Broun-Walker-Simmons Co., Crocker
V. 86, p. 1534, 486; V. 85, p. 409.
Building,
San
Francisco, has opened an Eastern office in the Metro¬
Weiser Valley Land A Water Co.—Bonds Offered.—The
bond department of the Colonial Trust & Savings Bank of politan Life Building, this city, under the management of
Chicago (the trustee) recently offered at par and int. A. J. Norton. The firm makes a specialty of dealing in
$300,000 (total issue) 1st M. 6% serial gold bonds, par $100, California securities and high-grade orange and olive lands.
—C. E. Denison A Co., Boston and Cleveland, are adver¬
$500 and $1,000, dated Jan. 3 1910, payable serially each
Jan. 1 from 1912 to 1917; $31,000 in 1912, thereafter $53,- tising on another page a list of municipal bonds which they
800 annually, but redeemable Jan. 1911 or on any int. date are offering; also a list of issues wanted.
A descriptive cir¬
thereafter at 105 and int.
P. & i. (J. & J.) at office of cular of the bonds offered will be mailed on request.
trustee. A circular says in substance:
—Devitt, Tremble & Co., Chicago and Philadelphia, have
Secured on the land, reservoir, irrigation system, water rights, franchises
issued
a circular describing a number of Western
municipal
and all property now owned or hereafter acquired; also by deposit of ap¬
proved first mortgages from purchases of the orchard lands In the ratio of and other issues which they offer at prices to show an at¬
81,250 for each $1,000 of bonds Issued.
Bonds cannot exceed at any time
tractive yield on the investment.
$65 Per acre upon Irrigable lands held by the company, which is only from
pany
1-3% to 25% of the value when under ditch and about 14% of the value
when planted to bearing orchards.
Company organized under laws of Idaho; paid-up capital, $500,000;
President. Edward Payne, President of Boise State Bank, Idaho. Owns
83
—William Salomon & Co. advertise in
an
our
current issue
offering of four attractive bond issues to which the atten¬
tion of investors is invited.
Oct.
879
THE CHRONICLE
119lii.j
Huberts and gacurojetris.
CENTRAL RAILROAD COMPANY.
ILLINOI
SIXTIETH ANNUAL REPORT—FOR THE YEAR ENDED JUNE 30 1910
To the Stockholder#
of the lllinios Centred Railroad Company:
of the Board of Directors covering the operations and the aff
f the Company
There is submitted herewith the report
for the year ended June 30 1910:
as
---4,550.54
of railroad operated by the Company on June 50 1900 was
There was no mileage added or deducted during the year
The average number of miles operated during the year ended June 50
as compared with 4,547.41 miles in the preceding year, an increase
The following
main track:
mileage, owned but not operated,
was
■
The number of miles
1910 was
of 5.15 miles.
±
■ ■
4,550.54
-
completed during the year and is now reported for the first time
Kensington & Eastern Railroad
-
INCOME FOR THE YEAR.
The
.
following is
a
statement of the Company’s income for the year com pared with the previous year:
Increase (+) or
;
-
Total operating revenuesIncome incident to operations
:
*.
_
__
_
Gross operating Income
Operating
expenses
-
Expenses" other than operating
expenses
-
-
Gross expenses
Taxes
-T
_ _
_
Total expenses and taxes
Operating income-:
Income from investments, etc
Gross corporate income
Fixed charges and rents
•.
__
;
Net corporate Income
Applied as foUows:
7 per cent dividend on outstanding capital stock
Replacement of equipment
;
•
__
,
-
4,547.41
$57,493,252 04
991.469 05
$53,338,260 75
334,075 53
29
+57,393 52
$57,884,721 09
4.545.840 44
$53,672,836 28
3,473,175 #1
+$4,212,384 $1
+ 1.072,144 53
$62,430,061 53
${>7,145,512 19
+$5,284~549 34
$43,320,780 39
3.796,511 32
$38,415,626 63
2,988,674 65
+$4,906,991 76
+807,836 67
$47,117,241 71
2,524,898 68
$41,404,313 23
2,276,969 15
+$5,712,923 43
$49,642,140 39
$43,681.232 43
+$5,960,857 96
$12,787,921 14
*3.892,743 26
$13,464,229 76
*3,825,008 60
—$*?6.30&4£
+ 67,735 2$
$18,680,664 40
8,847,466 22
$17,289,237 76
9,155,101 44
—$603,573 36
—307,635 22
$7,833,198 18
$8,134,136 32
—$300,938 14
$7,650,720 00
$7,650,720 00
232,266 92
251,149 40
—$282,266" 92
_
The Surplus Dividend Fund and the Interest accruing on securities in
the same items are eliminated from the 1909 figures.
162,478
that fund
are
+3.13
4.550.54
Average Miles operated, during year
Transportation revenue
Other" operating revenue
Decrease (—).
1909.
1910.
il
1
+$4,l54,96l
+247,929 53
—63,671 22
omitted from this statement and, for comparative purposes;
As predicted in the report for the preceding year, the business during the year, notwithstanding the coal strike in tLt
bituminous regions of the States of Indiana, Illinois and Kentucky, has been tne largest in the history of your Company*
On April 1st the miners in Illinois, Indiana iand part of Kentucky declared a strike and since that date there has been but
little coal shipped from the Illinois mines, from which your Company transports its principal coal traffic. The mines in
Indiana resumed operations on May 5th, but we handle comparatively little tonnage from mines in that State. In Ken¬
tucky mining operations were at no time entirely suspended and the conditions were never serious.
The gross operating income was $62,430,061 53, as compared with $57,145,512 19 for the previous year, an increase
of
$5,284,549 34,
or
9.25 per cent.
of freight amounted to $38,777,758 45, an increase of $2,773,861 16, or 7.70 per
derived from coal traffic, a decrease of 16.70 per cent, and $82,900,974 23 from
other freight, an increase of 13.65 per cent.
i »
f u 4 . :
The revenue from the transportation of passengers was $11,881,013 64, an increase of $1,015^54 66* @r 9,35 per cent.
The increase was general in all classes of travel, the number of revenue passengers transported showing an increase of 11.37
per cent.
In transporting these passengers, the increase in passenger train mileage was 6.69 per cent.
The income incident to operations amounted to $4,54o,340 44, an increase of $1,972,164 53, or 30.87 per cent.
The
principal item of increase was in the receipts from the hire of freight cars and was due to tne expansion of business, causing
a more general interchange of freight cars with other roads, and to an increase in the rate from 25 to 30 cents per day, during
four months of the year, charged other roads for the use of your Company’s cars.
The gross expenses amounted to $47,117,241 71, as against $41,404,313 28 the previous year, an increase of $5,712,928 43, or 13.80 per cent. The ratio of expenses to earnings was 75.47 per cent, as compared with 72.45 per cent the
previous year. The increase in expenses was general and affected nearly every account.
In Maintenance of Way and Structures, the
principal increases were as follows:
$218,403 45 in the cost of ballast and placing it in track.
The cost of new ties placed in track increased $322,392 96, due not only to the greater number of tie replacements but
also to the cost per tie of those used.
There was an increase of $86,121 02 in the cost of renewals of rails.
Owing to the severity of the winter, the cost of removing snow and ice was $186,492 89, as against $40,987 78 last year.
In Maintenance of Equipment principal items of increase were in repairs to locomotives and to freight train cars.
In repairs to locomotives the increase was $493,136 55, or 14.42 per cent, caused by the greater number of locomotives
receiving thorough and general repairs; the increased rates of pay granted certain classes of employees effective during a(
portion of the year, and the increased cost of running repairs occasioned by locomotives making 5.86 per cent greater mileage
m* handling the increased businesss.
In repairs to freight train cars the increase was $1,605,471 16, or 27.70 per cent. The increase in this item was due to
the excessive cost of repairs made to your Company’s cars at outside shops during the year, and in addition, including in
this year’s expenses bills for repairs made at outside shops near the dose of last yearand'not vouchered until the current year.
The excessive cost of repairs to freight train cars, which had increased steadily for several years past and particularly
the extremely heavy cost of repairs made during the current year, attracted attention, and a thorough investigation was
instituted in the early part of the present calendar year.
The disclosures resulting from this investigation have shown that, through the collusion of a number of your Company’s
most trusted officials and certain caT repair companies, your Company has been defrauded of an amount estimated at
from $1,000,000 to $1,500,000.
Settlements of the civil suits against two of the car companies
involved have been made and the amount recovered was
credited to the account “Freight Train Cars—Repairs’’ during the current year. The Board of Directors are pursuing this
matter to a conclusion and will vigorously prosecute criminally all persons engaged in this conspiracy.
Transportation expenses increased $1,116,968 77, or 6.00 per cent, and while, as in the two preceding accounts, the
increases were general, the principal causes for increases were in the large volume of business transported; the extreme
severity of the winter resulting in a congestion of traffic of considerable extent on your Northern and Western lines, and a
consequent increase in the cost of transporting the business offered. In addition, your Company granted increases in the
rates of pay to certain classes of its employees, effective during the months of February, April andMayof current fiscal year.
In connection with the increase in transportation expenses, attention is directed to Table 16, which shows that the
number of revenue passengers carried one mile increased 9.91 per cent and the total tons of revenue freight carried one
The revenue from the transportation
cent.
Of this freight, $5,876,784 22 was
.
*
mile increased 8.88 per cent.
There was ah increase of $807,836 67 in expenses other than operating expenses, principally caused by an increase in
hire of freight train cars, and the explanation under head of “Income incident to operations, with respect to hire of freight
train cars, applies equally to this increase.
880
THE CHRONICLE
[VOL.
LXXXXI.
The taxes were $2,524,898 68, as against $2,276,969 15 the previous year, an increase of $247,929 53, or 10.89 per cent,
owing to the payment of the Federal Excise Tax, increase in our Charter Tax in Illinois and increased taxes in the various
States.
There
was a
decrease of $676,308 62, or
5.02 per cent, in the operating income.
CAPITAL STOCK AND FUNDED DEBT.
These remained unchanged
during the
year.
BONDS OWNED—TABLE NO. 3.
There was an increase of $290,262 05 in the book value of bonds owned, due to the receipt of $218,272 08 Dubuque
& Sioux City Railroad Company 4 per cent bonds at par, in liquidation of advances for additions and betterments on that
road; .$233,653 25 of The Yazoo & Mississippi Valley Railroad Company Gold Improvement bonds at par, covering ex¬
penditures for additions and betterments on that railroad; the purchase of $75,000 Peoria & Pekin Union Railway Company
Debenture bbnds at par; $1,335,000 Mississippi Valley Corporation 4 per cent bonds in which several of the funds were
formerly invested, substituted by other securities; $4,467 07 added to the book* value of the Indianapolis Southern Railroad
Company 5 per cent bonds on account of improvements to that railroad. There were transferred to the funds $1,576,000
of The Yazoo & Mississippi Valley Railroad Company Gold Improvement bonds, and the book value of the Louisville New
Orleans & Texas Railway Company bonds owned was reduced $130 35 in adjustment of account.
t
STOCKS OWNED—TABLE NO. 4.
i
'
The decrease of
offset by an Increase
$3,787 00 was due to a reduction of $9,700 in the Treasury holdings of the Company’s stock, partially
of $5,913 in miscellaneous stocks owned.
SURPLUS DIVIDEND FUND.
Interest in the
sum
of $51,450 accrued on securities in the fund was added thereto,
increasing the fund to $1,509,336 92.
j
INSURANCE FUND—TABLE NO. 8.
The fund during the year was augmented by charges to Operating Expenses, interest on securities hold in the fund,
collections from lessees and from Insurance Companies, account of fire losses, $347,991 11; losses by fire and premiums
phid to Insurance Companies amounted to $321,181 75.
of $26,809 $6, as compared with last year.
The balance at the close of the
year was
$2,036,464 51,
an
increase
SINKING FUNDS
,
The trustees of the Cairo Bridge Fund reported holdings as of June 30th 1910 as follows:
For the
Contingent Fund $504,750 11; for the Sinking Fund $198,141 71,
an
increase of $26,663 65 for the
year.
The trustees of the other funds reported that they held as of June 30th 1910 in the Sinking Fund for Western Lines’
bonds, $955,281 24, an increase for the year of $83,742 81; in the Sinking Fund for Omaha Division bonds, $114,051 69,
an increase of $13,786 08 during the year.
The additions during the year to the several funds amounted to $124,192 54.
CAPITAL EXPENDITURES.
The
Improvements charged to capital and included in cost of railroad and equipment during the year amounted to
$1,556,633 45, and are shown in Table 14.
The work at New Orleans, in connection with the establishment of a union freight terminal to be used jointly by this
Company and The Yazoo & Mississippi Valley Railroad Company, has progressed during the year, and the amount expended,
$523,641 05, has been properly distributed among the various accounts.
STANDARDS OF MAINTENANCE.
The expenditures for Maintenance of Way and Structures were $7,607,891 43, compared with $6,196,286 59 for the
year and for Maintenance of Equipment $13,502,249 72, compared with $11,265,627 08 for last year. '
There were 923,437 more tie
replacements and 64.02 more miles of rail relaid during year than during previous year.
The average weight of rail in main track was 76.38 pounds as compared with 76.00 pounds last year.
The average hauling capacity of locomotives on level track increased 62 tons during the year.
The average age of locomotives was 13.87 years, compared with 13.36 years last year, and of revenue freight cars
previous
8.44 years, compared with
All passerger cars and
•
7.60 last year.
98.42 per cent of the freight
By ord r of the Board of Directors.
Chicapo, September 16 1910.
cars are
equipped with air brake appliances.
J. T. HARAHAN,
President.
TABLE NO. 1—ASSETS AND LIABILITIES.
Table
ASSETS.
June 30 1010.
June 30 1909.
Capital Assets—
Railroad and
Bonds owned
equipment.
$209,993,106 06 $208,436,472 61
85,594,105 53
85,303,843 48
Stocks owned
10,631,466 91
10,635,253 91
$306,218,678 50 $304,375,570 00
$2,700,129 52
413,571 89
443,659 30
1,447,191 28
2,266,569 92
78,356 60
4,675,488 84
$12,024,967 35
Miscellaneous
Advances account other railroads.
St. L. A. & T. H. and subsidiary
lines suspense account
Interest accrued on bonds and loans
to June 30
_
41
82
99
11
20
44
61
$13;577,693 58
Current Liabilities—
Dividend payable Sept. 1 1909
Dividend payable Sept. 1 1910
Contingent Assets—
Assets in Insurance fund
V
/ "
$857,834
3,419,422
381,807
7,504,377
3,328,300 00
3,328,300 00
53
10
35
32
292,029 39
$2,036,464 51
1,509,336 92
’Surplus dividend fund
{Pension fund
250,000 00
1,210,415 83
Unadjusted accounts—
estate
Collateral
counts
311,141 75
held
against
s
Advance® to associations
t
bank
$109,296,000 00 $109,296,000 00
10,000,000 00
!0,000,000 00
179,819,275 00
179,819,275 00
16,234,000 00
16,234,000 00
$3,825,360 OO
Coupons matured but not presented
Coupons due July 1
Dividends due but uncalled for
Dividends payable July 1
Bonds past due, not presented
Loans and bills payable
Outstanding drafts
*
$15,491,741 30
ac¬
65,322 50
66,355 00
00
30
00
00
1,063,450 00
30,949 80
200,000 00
1,000 00
400,000 00
1,063,450
29,160
200,000
1,000
161,483
377,171
198,326
5,077,904
302,073
285,772
62,853
3,488,359
12
13
44
86
41
26
21
72
$11,400,967 85
$9,324,383 90
$785,791 46
$785,791 46
Deferred Liabilities—
Interest accrued on bonds and loans
to June 30
Taxes accrued, but not due
Individuals and companies
Loans and bills payable
Stock and funded debt of St. L. A.
& T. H. and subsidiary lines
Rent—Cairo
Bridge, accrued to
June 30
272,521 11
1,620 39
3,328,300 00
571,457 35
70,164 66
1,620,000 00
3,328,300 00
2,500 00
$4,390,732 96
$6,375,713 46
$2,036,464
1,509,336
250,000
1,245,810
51
92
00
97
$2,009,655 15
1,457,886 92
46,423
188,747
10,308
11,540
75
49
23
73
Contingent Liabilities—
$2,009,655
1,457,886
250,000
2,318,714
418,104
15
92
00
20
56
Insurance fund
Surplus dividend fund
Pension fund
Replacement of equipment fund—
for auto couplers and air
brakes
'
41,000 00
10,751 33
52,600 00
10,277 73
$5,369,110 34
$6,517,238 56
$339,273,251 59 $339,962,243 44
250,000 00
790,459 96
Fund
Trust
accounts
Unadjusted accounts
Due to proprietary companies
Miscellaneous
—
Balance to credit of Profit and Loss.
Total assets.,
June 30 1909.
$3,825,360 00
i
...
$2,881,268
628,069
320,000
1,431,149
1,681,411
89,739
6,546,054
$494,024 33
3,542,414 87
456,294 73
7,547,432 08
$15,660,495 40
Real
—
Leased line stock
Funded debt—Illinois Central RR.
Co
Funded debt—Chicago St. Louis &
New Orleans RR. Co
Traffic balances
Individuals and companies
Vouchers and pay-rolls.
Deferred Assets—
Individuals, and companies.
Due from subsidiary companies
*
Capital Liabilities—
Capital stock
June 30 1910.
$315,349,275 00 $315,349,275 00
Current Assets—
Cash
Bills receivable
Due from agents’
Remittances in transit
Individuals and companies.
U. S. P. O. Dept
Material and supplies
.
LIABILITIES.
Table
Total liabilities
27,964 96
68,311 90
1,262,638 92
13,487 97
6,875 00
$5,298,632 60
$5,887,280 78
$2,833,643 18
$3,025,590 30
$339,273,251 59 $339,962,243 44
Oot.
881
THE CHRONICLE
11910.]
EQUIPMENT.
1
TABLE NO. 2—RAILROAD AND
June 30 1909.
June SO 1010.
$72,716,470 87
Illinois Central RR.—Proper.- -- -- Illinois Central RR.—Purchased Lines:
Litchfield Division
Chicago A Springfield
Kankakee & Southwestern.
Chicago Havana A Western*
Rantoul
3,266,851
2,591,926
1,438,024
1,853,117
-
584,567
*----
10,941,295
Chicago Madison A Northern
Riverside A Harlem
Chicago A Texas
—
Mound City
St. Louis Division (St. Louis, Alton and Terre Haute)
Mattoon to Evansville
Peoria Decatur & Mattoon
:
St. Louis A Ohio River
Mounds A Olive Branch
Groves A Sand Ridge
Christopher A Herrin
Illinois Central—Terminals:
205,583
1,927,586
12,968
—
13,047,411
2,080,881
3,181,550
285,062
-
263,527
531,660
104,338
—
Chicago St. Louis & New Orleans RR
Total
3,262,235 58
2,587,257 34
1,439,426 89
1,849,761 07
584,281 49
10,930,099 72
205,583 14
1,925,915 22
12,968,68
13,017,336 89
2,073,595 27
3,181,561 83
285,062 21
263,527 12
532,535 91
101,868 06
4,615 72
4,668 92
5,843,193
2,665,519
260,899
75,569
262,508 21
80,957 18
2,028,562 13
Louisville Division lease and mortgage lien
Lien on Dubuque A Sioux City RR. to secure
Omaha Division.
45,283,464
27,791,563
5,425,000
5,000,000
I. C. Western Lines bonds
45,083,560
27,631,841
5,425,000
5,000,000
66
22
00
00
$1,402 02
3,356~ 53
286 48
11,195 51
1,671*24
30,074 63
7,285 77
10 98
\,
875 00
2,470 47
73
79
00
v
05
73
79
523,641
45,871
1,608
5,387
6,714
199,903
159,721
94
38
42
98
2,021,847 17
20
96
93
43
00
$1,556,633 45
$208,436,472 61
$209,993,106 06
-
Decrease.
$72,176,023 78
30
26
87
60
97
23
14
46
68
52
04
85
21
12
91
53
6,366,834 99
2,721,391 11
New Orleans
Memphis
South Chicago RR
Blue Island RR
Canton Aberdeen & Nashville RR
Increase.
$540,447 09
TABLE NO. 3—BONDS OWNED.
June 80 1909.
June 30 1910.
Central
Central
Central
Central
Central
Central
Gold Fours of 1953
$71,000 00
2,100,000 00
Louisville Division, Three and a Halfs of 1953
St. Louis Division, Threes of 1951
Litchfield Division, Threes of 1951
Purchased Lines, Three and a Halfs of 1952—
Gold, First Lien Equipment Fours
Chicago St. Louis A New Orleans RR. Co. Gold Fives
Yazoo A Mississippi Valley RR. Co. Gold Improvement Fours of 1934, Registered
Dubuque A Sioux City RR. Co< Gold Fours of 1951
Indianapolis Southern RR. Co. Gold Fives
Kentucky Valley RR. Company Gold Fives
Mississippi Valley Corporation Fours of 1943, Registered
Mississippi Central Second Mortgage (past due)
Gold,
Gold,
Gold,
Gold,
87,000
2,662,000
30,000,000
80,000
3,843,088
937,986
8,777,125
128,969
4,332,000
00
00
00
00
06
28
00
00
4,332,000 00
Peoria A Pekin Union Ry. Debenture Fives.
_
00
00
00
00
06
28
31
00
00
—
600 00
600 00
__
1,338,000 00
75,000 00
1,338,000 00
75,000 00
Tennessee Central RR. Co. Prior Lien Fours of 1934
$71,000 00
9,100.000 00
275 00
101 50
275 00
—
$71,000 00
2,100,000 00
$71,000 00
2,100,000 00
87,000
2,662*000
30,000,000
80,000
3,843,088
937,986
10,000,000
150,000
—
Boole Value.
Par Value.
Book Value.
Par Value.
Illinois
Illinois
Illinois
Illinois
Illinois
Illinois
101 50
87,000 00
2,662,000 00
30,000,000 00
80,000 00
5,185,434
719,714
10,000,000
150,000
81
2C
'
oc
0C
2,997,000 0C
600 0C
1,338.000 00
87,000
2,662,000
30,000,000
80,000
5,185,434
719,714
8.772,658
> 128,969
2,997,000
00
00
00
00
81
20
24
00
00
600 00
1,338,000 00
$55,676,949 34 $54,432,870 15 $55,391,024 01 $54,142,477 75
Bonds Pledged—See Table No. 7-—
Yazoo A Mississippi Valley RR. Co. First Mortgage Gold Fives of 1952
Cherokee A Dakota RR. Co. First Mortgage Gold Fives of 1935
Cedar Rapids A Chicago RR. Co. First Mortgage Gold Fives of 1935
Louisville New Orleans & Texas Ry. Co. First Mortgage Gold Fours of 1934_$16,832 000 00
Louisville New Orleans A Texas Ry. Co. Second Mortgage Fives of 1934—
9,104,000 00
Louisville New Orleans A Texas Ry. Co. Land Grant Income Bonds of 1934.
9,904,000 00
Total
$2,800,000 00
$2,324,488 18
$2,800,000 0Q
$2,324,488 18
3,930.000 00
3,930,000 00
3,930,000 00
3,930,000 00
24,906,747 20
35,840,000 00
£4,906,877 55
$3,100,000 00
830,000 00
t*
35,840,000 00
$98,246,949 34 $85,594,105 53 $97,961,024 01 $85*303,843 48
_
TABLE NO. 4—STOCKS OWNED.
June 30 1909.
June 30 1910.
Par Value.
Central RR. Co. stock and scrip
Chicago St. Louis A New Orleans RR. Co
Dubuque A Sioux City RR. Co
Central of Georgia Ry
Chicago Union Transfer Ry. Co
Peoria A Pekin Union Ry. Co
*
Illinois
$12,340 00
10,200
11,726,200
4,998,500
80,000
^
—
Other Stocks
Book Value.
_
$12,340 00
10,200
6,840.889
3,474,249
40,000
203,200
50,588
00
00
00
00
250,000 00
308,388 00
____
$17,385,628 00
Total
00
02
02
00
00
87
$10,631,466 91
Book Value.
Par Value.
$22,040
10,200
11,726,200
4,998,500
80,000
00
00
00 ’
00
00 -
$22,040 00
10,200
6,840.889
6,474,249
40,000
203.200
44,675
250,000 00 ‘
312,400 00
00
02
02
00
00
87
$10,635,253 91
$17,399,340 00
1
TABLE NO. 6—ADVANCES ON ACCOUNT OF OTHER RAILROADS.
i
Amount Advanced to June 30.
‘
•
1910.
4
C A.
A N. RR.
a
in Alabama
Rockford RR
Line to Birmingham
-
-
Total
$166,333
1,110,821
3,779
6,028,042
75,400
120,000
1,123,858 78
3,779 45
6,053,811 19
76,900 00
122,750 00
,
Bloomington Southern RR
Memphis Railroad Terminal Co
$7,547,432 08
_
Decrease.
1
1909.
$166,332 66
Kensington A Eastern RR
,
fi
Increase.
•
66
59
45
$roo
$13,037 19
00
00
25,768 57
1,500 00
2,750 00
$7,504,377 32
$43,054 76
62
4
TABLE NO. 8—INSURANCE FUND.
Amount at credit of fund July 1
Added through monthly charges to expenses of operation
Collected from lessees, account of Insurance-..
Interest received on Investments of the fund
$2,009,655
60,000
6,121
84,160
_
i
1
Year ended
June 30 1910.
$2,032,126 31
15
00
01
00
60;000 00
.
'
:
Fire losses collected
.
197,710 10
__
■
■
__
-
i
.V.
_
.
1
j.
■
;
!
j
__
i
■
■
:
■
-
_
■
Losses by fire
Premiums paid
•
■
credi$ of fund June 30
j
9i721 45
29*140 Q0
,200 00
m»
$2,357,646 26
$2,181*187 76
$287,450 66
33,731 09
$146*056 06
:
$321,181 75
Amount to
Year ended
June 30 1909.
$2;036,464 5f
$1|476 55
$171|532 61
$2,069j655 15
882
THE CHRONICLE
TABLE NO. 9—PROFIT AND LOSS.
Suspended claim
account
Central Elevator A Warehouse
years~_-__
EXPENSES
Co.—Operating deficits—prior
105,554 2 5
Balance June 30 190®_______
Freight
Passenger
Mall
$3,025,590 30
290,715 44
Milk revenue (on passen-
Ssr trains)
passenger
56,703 85
revenue
SwitchingMiscellaneous
Total.
Other operating revenue
TABLE HO. 10—INCOME ACCOUNT.
$43,320,730 39
3,796,511 32
2,524,898 68
Total expenses and taxes
$49,642,140
charges and rents (Table No. 13)
$8,847,466
Dividends—
110th semi-annual cash dividend paid March 1 1910, 3K%
3,825,360
111th semi-annual cash dividend, payable Sept. 1 1910,
3H%
3,825,360
Balance to profit and loss (Table No. 9)
182,478
Fixed
Operating revenue (Table No. 11)
Income incident to operations (Table No. 11)
Total
Income from investments, etc. (Table No. 12)
18
Total ope*. revenues..$57,884,721 09 $53,672,336 28
+$4,212,384 81
$1,348,204 81
1,721,365 05
403,606 05
+$148,547 88
+840,999 74
+82,616 91
$3,473,175 91
+ $1,072,164 53
$62,430,061 53 $57,145,512 19
+ $5,284,549 34
$4,545,340 44
_
structures—
Supervision
on
money
ing plants.
Total-
$503,500 00
3,892,743 26
___
.
.
-
_
Shop
Mississippi Valley Corporation 4s of 1943
Bonds owned accrued to June 30_
'
12,500 00
Kankakee & Southwestern
Chicago Havana A Western
Cr. 1,402 02
Total
on other
516,047 69
497,155 48
+ 18,892 21
70,462
224,788
60,000
68,311
5,970
157,267
62
34
00
20
55
24
70,211
203,473
62,077
63,118
5,974
131,883
59
82
19
25
+ 251 03
+ 21,314 52
—2,077 19
+ 5,192 95
43
—3 88
+ 25,383 59
65
+$70,869 96
+$4,905,091 76
$692,112 98
2,607,726 07
496,672 27
1,904,919 47
$3,796,511 32
$654,929 90
+$37,183 08
+702,806 60
+67,846 99
428.825 28
+$807,836 67
Total expenses & taxes..$49,642,140 39 $43,681,282 43
+$5,960,857 96
+247,929 53
$12,787,921 14 $13,464,229 76
—$676,308 62
$8,322 19
281,456 55
......
Bridges, trestles and culverts.
51
24
63
77
Fencing right of way
Improvement of over and under grade crossings
Track elevation, elimination of grade crossings,
etc—
-
Interlocking apparatus
Block and other
signal apparatus
Telegraph and telephone fines
Station and other buildings and fixtures
Shops, engine-houses and turntables
Shop machinery and tools—
30,946
433
3,001
44,777
84,269
140,415
6,455
2,080 00
188,049 91
13,105 64
16.092 11
261,411 97
4-5,200 89
67,235 84
36,134 13
Cr.173 $8
Cr.800 00
—$1,229,252 13
Equipment—
23 Locomotives
24 Passenger Train Cars
100 50-ton Dump Cars..
Betterments to equipment
192,242 14
7,661 79
159,721 43
07
40
70
93
04
59
70
747 15
Dock and wharf property
New lines and extensions
Peoria Decatur A Mattoon—Miscellaneous..
—
$368,194
248,894
92,792
223,513
In service
26
56
82
90
'
,
roads......
+ $1,916 73
+ $5,712,928 43
523,641 05
50,00000
5,871 73
________
+$1,116,968 77
$124,532 77
Increased weight of rail
Additional tracks
Total on I. O. RR. Proper, Purchased Lines A Terminals.$1,183,297 14
South Chicago RR
$1,608 79
Blue Island RR
5,387 20
Canton Aberdeen A Nashville RR6,714 96
Louisville Division
56
15
$2,988,674 65
Or. 10 98
2,470 47
Cr.875 00
Memphis Division.
38
373,336 31
»
'
,
,
Less cost or record value of equipment retired
from service during the year....
$933,395 64
...
606,014 22
——
.
.
Grand Total.:.
—
40
56
78
51
38
05
55
54
Gross exp. (excl. taxes) .$47,117,241 71 $41,404,313 28
Taxes
2,524,898 68
2,276,969 15
286 48
11,195
1,671
30,074
7,285
69
+ $20,260
+ 199,599
+ 373,449
+ 247,517
+ 256,167
+ 5,288
+ 10,040
+ 4,735
Total oper. expenses..$43,320,730 39 $38,415,638 63
Total
3,356 53
•
43
11
35
39
79
91
23
$126,449 50
Distributed as follows—
Road—
Right of way
Station grounds.
Real estate
Protection of banks, etc
Grade revisions and changes of line
4,615 72
4,668 92
Chicago & Springfield
$681,276
3,130,704
6,797,982
3,430,189
2,676,112
270,204
1,358,088
273,383
—ADDITIONS AND BETTERMENTS.
$540,447 09
Illinois Central RR.—Purchased Lines—
Litchfield Division
+ $69,025 55
$1,158,427 18
Operating income—
B v Roads—
Illinois Central RR.—Proper
75
95
57
42
61
$1,229,297 14
10,000 00
TABLE NO.
$1,177,356 02
$19,734,910 53 $18,617,941 76
General expenses—
Salaries and expenses
of general officers-.
Salaries & expenses of
clerks A attendants
General office supplies
and expenses
Law expenses
Insurance
Pensions.
Pension dept, expenses
Miscellaneous-
$4,396,243 26
RR
$701,536
3,330,213
7,171,432
3,677,707
2,932,279
275,492
1,368,129
278,118
expen.
...
503,500 00
Mata Line and Branches...
+$2,236,622 64
Expenses other than oper¬
ating expenses—
Rent of tracks and
property
Hire of equipment—
Sundry other items...
$481,000 00
Chicago St. LOUti A New Orleans
$13,502,249 72 $11,265,627 08
$1,246,381 57
Total-
RR.Co.Gold 5s of 1935 155,000
On Cedar Rapids A ChiH
cago HR. Co. Geld 5s
Of 1935
41,500 336.500 00
__
+ 52.227 79
+ 14,435 92
expenses-
Total
bonds of subsidiary lines
secure $15,000,000 Ill.
Cent* 4S Of 1952, $16,350,000 5s. .$817,500 00
Less Interest collected as above:
From Y. A M. V. RR.Co
on its Gold 5s of 1952.$140,000
From D. A S. C. RR. Co.
on Cherokee * Dakota
Memphis A State Line RR_.
254,421 20
83,585 18
306,648 99
98,021 10
Miscellaneous
on
Memphis—,.:
+ 1,573,803 37
+ 8,940 83
+725 04
.
pledged to
IUinois Central RR.—Terminals—
New Orleans.!---
22
25
46
Yard switching expen.
Telegraph and signals
Claims and damages..
104,309 02
—
+ $12,043 91
+ 507,032 64
+ 67,393 14
Freight train expenses
Station expenses
3,738 41
Interest on—
South Chicago RR. Co. 5s of 1922
Canton Aberdeen A Nashville RR. Co. note
given for bonds canceled
$181,480
3,506,602
811,477
6,253,930
26,596
147,533
machinery and
Supervision
Passenger train
$100,570 61
^
26
15
05
59
08
50
Transportation expenses—
3,355,190 00
291,351 67
-
-
Sundry profits
Sterling exchange
.
'
Christopher A Herrin
Groves A Sand Ridge
+ $1,411,604 84
—
35
51
91
_
Total
132,191 66
53,520 00
155,174 04
St. Louis Alton A Terre Haute
Mattoon to Evansville.
Peoria Decatur A Mattoon
$6,196,286 59
Miscellaneous-
Traffic
—
$7,607,891 43
408 00
Tennessee Central Prior Lien Bonds
Indianapolis Southern RR. Co. Gold 5s
Rantoul--
+ 37,680 74
+289,672 44
15,642 09
tools
$1,480 50
Bonds Owned—
Chicago Madison A Northern
Chicago A Texas.
204,240 18
1,644,943 29
24,613 84
$193,524
4,013,655
878,871
7,827,733
35,537
148,258
_
Floating equipment-.
I. C. RR. Co. Gold 4s of 1953
$2,840 00
I. C. RR. Co. Gold Litchfield Div. 3s of 1951__
2,610 00
I. C. RR. Co. Gold Louisville Div. 3 Hs of 1953
73,500 00
I. C. RR. Co. Gold Purchased Lines 3 Ha of 1952
93,170 00
I. C. RR. Co. First Lien Equipment Bonds
1,200,000 00
Dubuque A Sioux City RR. Co. Gold 4s of 1951.
28,788 56
Cherokee
Dakota RR. Co. 5s of 1935
155,000 00
Cedar Rapids A Chicago RR. Co. 5s of 1935
41,500 00
C. St. L. & N. O. RR. Co. Gold 5s Of 1951
?
267,300 00
C. St. L. A N. O. RR. Co. Gold Bridge 5s of 1950
150,000 00
Y. & M. V. RR. Co. Gold 5s of 1952
140,000 00
Y. A M. V. RR. Co. Gold Improv’t 4s of 1934.
186,315 74
L. N. O. * T. Ry. Co. 4s of 1934
673,280 00
Interest
-
Work equipment
1,888 50
on
241,92092
1,934,615 73
8,971 75
-
.
Locomotives
Passenger train cars
Freight train cars
Dividends on Stocks Owned—
Interest
+ $11,601 59
+ 1,088,292 16
Maintenance of equipment-
$139,636 22
on
$319,425 90
4,003,063 38
Signals and Interlock¬
loaned, less paid on money bor¬
Illinois Central RR. Co
Chicago St. Louis A New Orleans RR. Co
Interest
$331,027 49
5,091,355 54
Roadway and tracks..
Supervislon
rowed
+ 365,859 38
EXPENSES.
$4 396,243 26
Interest received
—26,326 82
+ 64,416 34
Maintenance of way and
INVESTMENTS, &C.
L
234,125 04
426,376 48
3,093,983 38
+$4,154,991 29
+ 57,393 52
_.
Fixed Charges of Subsidiary Lines written off
Balance
207,798 22
490,792 82
3,459,842 76
391,469 05
Structures
Miscellaneous
FROM
+ 27,720 66
Operating expenses—
$66,322,804 79
TABLE NO. 12—INCOME
167,987 65
$57,493,252 04 $53,338,260 75
Gross oper. income
$62,430,061 53
3,892,743 26
_
195,708 31
334,075 53
Total
00
$66,322,804 79
$57,884,721 09
09
44
4,545,340
4
4,545,34 0 4
-
940,592 66
1,605,939 27
...
00
16
66
76
33
1,540,218 94
Income incident to operations—
Rent of tracks and prop¬
erty
$1,496,752 69
Hire of equipment
2,562,364 79
Sundry other items
486,222 96
39
22
+$2,773,861
+1,015,654
—473
—65,720
train
er
$3,555,487 77
Taxes (Table No. 11)
940,118 90
Express
182,478 18
Operating expenses (Table No. 11)
Expenses other than operating expenses (Table No. 11)
Increase (+) or
Decrease (—).
$38,777,758 45 $36,003,897 29
11,881,013 64
10,865,358 98
$3,555,487 77
from Table No. 10
Year ended
June 30 1909.
Transportation Revenue—
2,833,643 18
brought forward
taxes not paid prior to July 1 1909
of special funds created in prior years—not used
Year ended
June 30 1910.
INCOME.
249,758 77
—
LXXXII
TABLE NO. 11—OPERATING INCOME AND
$366,531 57
Depreciation prior to July 1 1908
Balance
Accrued
Balance
Balance
iVOL.
$1,556,633
45
Grand Total
.1
_____
327,381 32
J.L..$1,556,633
4&
8Expens
Oct. 1
Year Ended
241809
June 30 1910.
Year Ended
June 30 1909.
4,550.54
4,547.41
+ 3.13
+0.07
$62,430,061 53
$57,145,512 19
47,117,241 71- t- 41,404,313 20
15,741,198 91
15,812316 $2
+ $5,284,549 34
+ 5*712,928 43
+13.80
Road Operated
Income and
7
8
9
10
883
TABLE NO. 15—GENERAL OPERATING RESULTS.
Average Miles of
1
2
3
4
5
THE CHRONICLE
mo.]
Increase (+) or
;
Decrease (—).
Per Cent.
Expanses—
Income
Expense#, exclusive of taxes
Excess of Income over expenses
Per cent of expenses to Income
Income per mile of road_____
75 47
7245
$13,719 26
10,354 20
112,566 61
—
per mile of road.
Excess of Income over expenses per mile of road
Income per revenue train mile
Expenses per revenue train mile
Excess of Income over expenses per revenue train mile.
—428,379
+3
+$1,152
+ 1,240
3,365 06
9,105 03
3,461 58
2 03
1 53
50
1 97
1 43
54
17,658,538
12,660,292
[406,896
16,689,056
11,913,997
320,166
17,688
28,948,907
480,230
368,345
1,210
31,658,589
8,852,377
38,510,966
483,398
29,798,203
6,462,914
36,261,117
576,266
3.00
2.93
+ 0.07
358,456,190
142,392,249
18,387,001
519,235,440
327,570,003
143,075,751
17,369,571
488,016,125
+ 30,885*387
19.85
7.88
28.75
69.04
27.42
3.54
19.25
_____
+9.25
—2.72
09
02
65
17
+4.17
+0.17
+13.72
—2.70
—96 52
+0 06
+ 10
+3.05
+6.99
—7.41
—04
Train and Locomotive Mileage—
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Revenue freight train miles
Revenue passenger train miles
Revenue mixed train miles
Revenue special train miles
Total revenue service train miles
_
—
—
fcfc £400,972
,
f| 15,579
30,735,381
>
Helping and light freight locomotive miles.
Helping and light passenger locomotive miles.
*
tt
Helping and light mixed locomotive miles
372
Hoping and light special locomotive miles
Total
revenue
1.514,730
service locomotive miles, excluding switching
Switching locomotive miles
Total revenue service locomotive miles
Non-revenue Service locomotive miles
Per cent of helping and light mileage to revenue train mileage
+ 969,482
+ 746,295
+ 5.81
+ 6.26
+ 32.19
—11.92
+ 6.17
+73,006
—2,109
+ 1,786,474
+34,500
+38,551
612
109
—240
+ 1,101
1,860,388
+389,463
+ 2,240,840
—02,868
+
+ 7.18
+ 10.47
—39.22
+ 1,010.09
+6.24
+ 6.03
+ 6.20
—16.12
+ 2.39
Car Mileage—
25
26
27
28
29
30
31
32
33
34
35
36
37
38
Freight
Freight
Freight
car
car
car
miles—Loaded
miles—Empty
miles—Caboose
Total freight car miles
Average number of loaded freight cars per train mile
Average number of empty freight cars per train mile..
Average number of all freight cars pear train mile
Per cent of loaded car mileage to total car mileage
Par cent of empty car mileage to total car mileage
Per cent of caboose car mileage to total car mileage
Passenger car miles—
Average number of passenger cars per train mile
Special revenue service car miles
,
+9.43
—.48
+ 5.86
+6.40
—688,502
+ 1,017,430
+31,219,315
+0.60
+3.12
8.41
28.68
—0.63
67,12
29.32
3.56
+ 1.92
—1.00
—0.02
68,068,435
63,776,434
+ 4,292,001
—6.30
+ .24
+2.86
—6.48
—.56
+6.73
5.21
5.21
220,494
4,424,715
5,209,885
—100,120
—785,170
—31.23
—15.07
$1,426 49
3,526 94
1,106 89
$1,162 49
3,094 97
952 44
+$264 OO
+431 07
+ 154 45
128 03
64.21 cents
51.24 cents
100 41
64.31 cents
51.34 cents
+27 62
+22.71
+ 13.96
+ 16.22
+27.51
—0.10 edits
—0.10 cents
—.16
—.19
—
Non-revenue service car miles
320,614
+0.07
Miscellaneous—
39
Average cost of maintenance of
way
and structures per mile of first and other
main tracks
40
41
42
43
44
Average cost of repairs and renewals per locomotive per annum
Average cost of repairs and renewals per passenger train car per annum
Average cost of repairs and renewals per freight train car per annum
Transportation expenses per revenue train mile—
Transportation expenses per locomotive mile In revenue service
—
—
*
—
'
y
—
Excludes mileage of locomotives with cabooses only, which is
*
—
—
T
Included In revenue freight train miles.
TABLE NO. 16—REVIEW OF TRAFFIC.
Year Ended
Year Ended
June 30 1909.
June 30 1910.
4,350.64
4,547.41
25,244,516
650,346,651
142,916
25.76 miles
$11381.013 34
$10365358 98
.827 emits
t7.064
cents
47.936 cents
1.836 Cents
Average miles of road operated
Increase (+) or
Decrease (—).
Per
Cent.
+3.13
+0.07
22,665,33$
+2,578.133
+ 11.37
591,733,048
130,125
+53,619,603
+12,791
—.36 mile
+ $1,015,654 66
—.872 Cent
+9.81
+9.83
Passenger Traffic—
1
2
3
4
5
6
Number of revenue passengers carried.
Number of revenue passengers carried one mile
Number of revenue passengers carried one mile per mile of
Average distance oarrted
Revenue from passengers
7
Average amount received from each passenger
Average receipts per passenger per mile
8
Passenger service train revenue.
l8
11
road.
23.11 miles
+9.85
—.009 cent
—1.82
—0.49
+$950,854 41
+$205 87
+8.83
+ 6.81
31 1$
$13,814,00$ $0
$3,037 77
$1 13
50
48
+2
"+4.17
27,583,277
5,492,242
33,080,519
8,579,292,982
1,222,175.618
7,801,468,550
1,714,405
24,876,666
+2,711,611
+500,062
+ 10.90
$14,764,858 01
33,244 64
Passenger service train revenue per mile of road
Passenger service train revenue per train mile
Average number of passengers per brain mile
—1.84
Freight Traffic (Way-bill tonnage)—
12
13
14
13
16
17
18
1®
20
21
24
II
27
23
Tons of revenue freight oarrted.
Tons of company freight carried
Total tons carried,
___••
Tons of revenue freight carried one mile
Tons of company freight carried one mile
Total tons carried one mile
Tons carried one mile per mile of road—all freight
Average distance carried-—revenue freight
Receipts from revenue freight
Average amount received for each ton
Average revenue per ton per mile
Freight revenue per mile of road.
a
Freight revenue per revenue train mile
Tons of revenue freight carried per revenue train mile
Tons of all freight carried per revenue train mile
Tons of all freight carried per revalue service locomotive mile, excluding switching
mileage
per
loaded
car
6.042,796,782
1.175,628.462
$1 40-559
.589 cent
+3.88
+3.96
7,218,425,244
1.587.871
+ 588,643,306
242 91 miles
$36,003,897 29
—433 miles
+$2,773,861 16
$1 44-780
.596 cent
—$0 04-171
$8,521 57
$2 15
mile
+5.78
+10.02
30,068,656
238.46 miles
$38,777,758 45
....
Average tons of aQ freight carried
5,192,190
364.31
431.99
"■'ll 12
m-.n
420.61
412.63
21.76
22.04
+0.68
+3.00
+127.034
—1.02
+7.70
—2.88
—1.17
—.007 Cent
+$604 12
+7,31
tm
if:!?
+7.48
—.28
+ 1.27
+30 0$
+9.21
1:
TABU HO. IS—MAINTENANCE OF WAY AND STRUCTURES, JULY 1 1900 TO JUNE 80 1910.
MAINTENANCE OF WAY.
Yean
Miles
ended
June 3013.
of
Laker
Teneol
Road
on
Oper¬
muh.
Nets
matte.
Amount
Amount
ated.
Charged
to
meneudts
of Rails.
No.
Charged
of
to
Ties.
Roaeteols.
of Ties.
Repairs
Bridges.
518?;:::: 4.423if
Total.
Expense
per mite
run
by
Rngmoe.
Mom-
*t
tenonce of
Jjwffcgffqpift
Regain
fences.
Wap and
Water
Worts
and t
Struc¬
per
miu
tures
f.
Telegraph. Operated.
89 30.167373
4,024,568
5,137,958
04 4,073.252
66 6,372398
57 5,993322
07 5,099,788
72 5.283.236
48
48
Ms iM “
m fill fjf;508
MS
BftS «£?»
of
Engines.
,
Items.
4.214.92 $3,250,774 74 30,009.38 1470,293 39 1,987*356 3652,787 10 $796,006 86 $ 983,411
4,276.23
25,916.00 274.030 64 1,832,429 588,697 29
31,657.00 416.538 75
2320389 40 24.037.00 300,659 83
1,131,076
1005
4,373.01 2,141,306 41 32,354.00 457.143 71
87 1*279,238
2,487,704 77 25,754.00 392,847 42.
1.610,007
4,370.77 2.687,923 65 21,006.00 249,975 21
1,486,239
4,420.46 2.286,937 03 30,411.00 298,595 18
713.563 69 1,323.400
4,547.41 1.944,642 09 12,345.00 153,866 27
686,134 33 1,375,600
1910-.... 4,550.54 2,339.067 01 18,294.00 239,987 29 2,308,757 1282.170 65 388314 88 1,665,471
So
Mileage
Other
Repairs
91380 49
98 87,176384 13.906. $83,706 57
10 35,293390 13.96c.
47 38,001,933 1332c.
24 89354,261 12376.
96 37,813307 14.40c.
12 37383.182 1532c.
40 39.644.009 1438C.
15 37.478.302
toh
36.837,383
38.994364
UBS
ftjgn sals
WMttM
1308 49
84,180 70
Jill R8S
H|$6 8X1jf3fil8.fi
1367 56
1.485 83
1.362 60
1.671 87
884
THE CHRONICLE
TABLE NO. 19.—MAINTENANCE OF
[Vol.
EQUIPMENT, JULY
1
1900 TO JUNE 30 1910.
REPAIRS AND RENEWALS.
Engines.
,
,
Passenger Cars.
|
Maintenance of Equipment
Freight Cars.
Year8 ended
June 30th.
Per
Pass’ nger
Car
MUe.
Per
Engine
No.
No.
Amount.
NO.
Amount.
Amount.
MUe.
Main¬
tenance
Per
Freight
Car
MUe.
Other
i
H
-
J
1907
1908
1909
1910
*
891
947
1003
1086
1158
1193
1240
1273
1267
1272
2,318,908 98
725
726
753
787
802
813
2,030,853
3,117,078
3,506,602
4,013,655
859
840
832
854
$1,567,527 70
1,866,191 15
2,206,127 52
2,668,919 44
2,560.422 38
63
87
51
15
$357,520 57 38960 $2,083,544 293 92-lOOc
534.790
566,182
541,821
610.583
665,682
665.583
687,335
811,477
878,871
82 42888
77 52556
29 55022
96 56529
11 58253
47 59977
58 62951
91 63080
62296
05j
2,482,034
2,875,200
3,352,275
3,874 257
3,924,296
5,460,190
5,125,041
6,401,463
7,975,992
69-lOOc 50-100C
102-lOOc
61-lOOc
103-100C
64-lOOc
96-lOOc 73-lOOc
101-100C 85-100c
112-lOOc 82-lOOc
1 05-lOOc 110-100C
110-lOOc 1 05-lOOe
52-lOOc 1 26-100c 1 30-100c
1 28-lOOc 1 52-lOOc
69 5 29-lOOc
90 6 81-lOOc
226 80-100c
45 6 86-lOOc
95612-lOOc
64 6 64-100e
6718 32-lOOc
6819
09^029-100
76
12
84
98
95
02
34
87
20
99
$201,961
237,348
345,472
418,216
459.751
469,873
480,858
242,043
265,065
291,545
Total.
F
05 $16,932
85 18,312
46 25.148
08 49,501
78 24,247
75
6,668
11
8,423
90 27,467
53 26,596
36 35,537
44 $4,371,241 81
90 5,309,786 53
11 6,274,586 60
22l 7,323,343 13
69 7,804,810 21
35 7.705.028 16
65 9,596.006 84
46 9.456,284 35
25 ♦11265,627 08
08 *13602249 72
$1,033 07
1.237
1.465
1,675
1.778
1,740
-2.193
2,132
2,471
42
73
87
86
19
57
99
52
2,959 37
21—EQUIPMENT.
Owned.
Total.
Locomotives.
Passenger Equipment—
Passenger and chair
Smoker and excursion
Cafe-dining
Dining and parlor
__
Parlor
_
Buffet-library
Baggage and’ smoker
Baggage and express..
Baggage, mail and smoker
Mall and express
Postal
Postal (jointly)
..
..
OwneiI.
411
130
18
2
2
12
24
103
5
65
40
3
288
68
18
2
2
12
14
74
123
62
Illinois Central
Railroad.
_
585
269
28,762
1,170
24,555
1,092
4,207
_
3
1,613
1,489
124
9
8
9
8
9
25
9
25
8
3
1
2
1
3
3
2
51
8
3
1
2
1
3
3
2
50
1
2,334
e.jos
128
_
_
Browning ditcher
4
Box
car
caboose._
Total
._
i_
Lines.
194
399
_
__
Subsidiary
197
399
Steam shovel
Derrick
Combination pile driver and
derrick
Coal hoist
Hart ditcher
Scale cars
Snow excavator
Dirt leveler
American ditcher
10
29
5
24
9
854
freight service.
boarding.
Lldgerwood ballast unload er.
_
10
1
2
1
18
Pay
Work Equipment—
Ballast
Cinder
Construction and
Pile driver
41
31
3
6
1
6
1
2
1
15
g* Instruction
Total.
Lines.
305
6
1
‘
Subsidiary
967
Motor car
Business
Test
Old coaches In
Illinois Central
Railroad.
1,272
Special horse’..
i
oaiing
Equipment)
ment.
Includes current depreciation on equipment.
TABLE NO.
l
Operated
{excluding
tenance
Floa.lng
Equip¬
intendence.
$143,755
171,108
256,454
292,608
275,546
319,598
350,097
257,316
254,421
306,648
Per MUe of
Road
Main¬
Equipment
Shop
Expenses,
Machinery Including
and
Super¬
Tools.
1901
1902
1903
1904
1905
1906
LXXXXI.
.
3
'
Total
Freight Equipment—
Box
Furniture
Stock
..
...
Fruit
Refrigerator
t
Flat
Coal
Tank
_
I
--j
_
.
_
Caboose
J
Total
821
694
1,252
2,745
2,580
22,010
1,240
2,742
1,589
17,281
4,729
10
632
10
435
197
59,962
49,638
FLOATING EQUIPMENT.
78
127
12
3
971
River
Tugs.
Barges.
Boats.
Number.
Number.
Number.
Number.
Owned June 30 1909
Owned June 30 1910
10,324
THE HOCKING VALLEY
Wharj
Steamers.
3
3
2
2
12
14
1
1
RAILWAY COMPANY.
ELEVENTH ANNUAL REPORT—FOR THE FISCAL YEAR ENDED JUNE 30 1910.
retired on May 1 1910, by the issuance of a like amount of
The Hocking Valley Railway Co. First Consolidated Mort¬
Columbus, Ohio, September 26 1910.
To the Stockholders:
The Eleventh Annual Report of the Board of Directors,
for the fiscal year ended June 30 1910, is herewith submitted.
The Main Track mileage operated at the end of the
year
was 350 miles, an increase of 3 miles over the
mileage oper¬
ated June 30; 1909.
[See schedule on page 10, pamphlet
gage 4H% Bonds; the retirement of $10,000 of said Consoli¬
dated Mortgage 4^% Bonds through the Sinking Fund; and
in the customary annual payments on the
Equipment
Trusts, which amounted to $516,000.
The sum of $750,000 was borrowed July 10 1909 on notes
of the Company, for improvement work, the remainder,
$2,500,000, of the bills payable outstanding June 30 1910
being represented by the Company’s note for money bor¬
rowed temporarily in connection with the redemption of the
preferred stock.
On April 5 1910 notice was given the holders of the com¬
mon stock of a special meeting to be held on
May 11 1910 to
consider an increase of the authorized common capital stock
of the Company by $15,000,000 par amount, but as action
upon the proposition was enjoined, on the petition of holders
of a small amount of stock, the meeting has been adjourned.
The 5% second mortgage bonds of
The Kanawha &
Michigan Railway Co., $2,250,000 face amount, which were
in your Company’s treasury at the close of the previous fiscal
year, were sold during the year.
In compliance with the
orders of the Circuit Court of Franklin County, Ohio, the
Company disposed of certain securities which were in the
treasury as free assets, namely 45,100 shares of the capital
stock of The Kanawha & Michigan Railway Co., and the
bonds of the Middle States Construction Co., exchangeable
into all of the outstanding stock of The Toledo & Ohio Central
Railway Co. These securities were disposed of to The Lake
Shore & Michigan Southern Railway Co., on account of
which your Company received $10,197,874 67.
The balance sheet on next page exhibits the condition of
the Company as of June 30 1910, and it will’ be observed
that the Company had at that time:
*>-.
?
report.]
RESULTS FOR THE YEAR.
Operating Revenues were
(Increase $1,690,916 06, or 28.76%)
v_
Operating Expenses were
.(Increase $728,196 95, or 18.54%)
$7,569,330 31
4,654,281 00
Net Operating Revenues were
(Increase $962,719 11, or 49.31%)
Taxes were,.
(Increase $51,731 61, or 21.94%)
$2,915,049 31
Operating Income, Taxes deducted, was
(Increase $910,987 50, or 53.07%)
$2,627,580 05
Miscellaneous Inoome
287,469 26
was
(Increase $81,993 85,
or
1,090,988 54
8.12%)
Rentals and Other Payments were
(Decrease $134 39, or .20%)
Income for the year available for Interest was
(Increase $993,115 74, or 37.35%)
Interest (30.45% of amount available) amounted to
(Decrease $30,659 31, or 2.68%) .
Net Income for the year was____
...
$3,718,568 59
66,472 94
$3,652,095 65
1,112,330 98
$2,539,764 67
(Increase $1,023,775 05, or 67.53%)
Dividends paid during the year:
Two dividends of 2% each on common stock, one dividend
of 2% on preferred stock and proportion of second divi¬
dend to time of redemption of preferred stock
973,028 05
(Decrease $66,971 95, or 6.44%)
Balance devoted to improvement of physical or other assets. _$1,566,736 62
—
-
FINANCIAL.
S^The capital stock was reduced $15,000,000 during the year
by redemption at par 6f the First Preferred Stock outstanding.
An attempt was made by holders of about one-tenth of one
per cent of the preferred stock to enjoin the Company from
redeeming it, but after a full hearing in the United States
Circuit Court the plan of the Company was upheld in every
respect and the redemption of the stock, several millions of
which had theretofore been redeemed, was proceeded with,
The changes in funded debt shown
by balance sheet of
Jude,30 1910, as compared with June 30 1909, consisted in
the refunding of $1,584,000 Ohio & West
Virginia Railway
Co. First Mortgage 7%’’Bonds, which fell due and were
Working assets./._______
—$2,673,818
Material and supplies
«...
■ 494,500
Unpledged stocks and bonds of other Companles ....i.;
2,720,101
Deferred or accrued assets
939,138
...
.
1 Against these there were:
Working liabilities
Deferred
or
accrued liabilities
.-
.
67
56
’
1'■
00 ! ^
56 * $6,827,558 79
.i
---$4,718,484 56
1,186.022 74
_
.
t
$5,854,507 30
Oot. J
An
1910.]
THE CHRONICLE
analysis of the property accounts will be found
on
pages 14 and 15 [see pamphlet report], by reference to which
it will be seen that improvements and betterments were
made to the amount of $275,820 24, and added to cost of road,
and $262,162 76 was added to equipment account
GENERAL INCOME ACCOUNT FOR THE YEAR ENDED
JUNE 30
1910 AND COMPARISON WITH THE YEAR ENDED
JUNE 30 1900
Operating Revenues—
“
“
“
year.
Passenger Traffic
Transportation of Malls
Transportation of Ex-
GENERAL REMARKS.
“
“
on
June 30 1910 consisted of:
Locomotives owned
Locomotives leased under Equipment Trusts
Total
:
1
Passenger Train Cars owned
130
17
147
90
Freight Train and Miscellaneous Cars owned
8,416
Freight Train Cars leased under Equipment Trusts 6,370
change
Decrease 10
Decrease 2
Increase 146
No change
__
$674,229
1,216,160
90,309
1,796,841
148,543
“
“
“
1.5 miles of second track between
was completed and is in operation.
Nelsonville and Kimberly
About sixty-five acres of land was acquired for the neces¬
sary enlargement of the Walbridge yard, upon which work
is in progress.
Track elevation in the city of Columbus is
—51 74
+13,172 00
+30,436 70
+9,179 09
91,103 97
23,649 66
For Maintenance of Way and
Structures
$779,464 76
Maintenance of Equlpm’t 1,392,223 40
Traffic
89,296 26
Transportation
2,151,156 38
General
242,140 20
+$1,690,916 06
13
14
96
44 ■
38
+ $105,235 63
+ 176,063 26
—1,013 70
+354,314 94
+ 93,596 82
Total Operating Expenses_$4,654,281 00 $3,926,084 05
(61.5%)
$1,952,330 20
+ $962,719 11
+ 81,993 85
1,008,994 69
$4,006,037 85 $2,961,324 89 +$1,044,712 96
From which Deduct:
Interest, Funded Debt
Interest on Equipment Obli¬
$908,165 16
$915,810 14
—$7,644 98
119,269 99
01
14
65
33
—21,440 02
$1,466,273 18 $1,445,335 27
+$20,937 91
$2,539,764 67 $1,515,989 62
+$1,023,775 05
gations
Other Interest
Taxes
140,710
86,470
84,895 83
287,469 26
66,472 94
Rentals, Joint Tracks, etc
Total
+ $728,196 95
<66.8%)
Net Operating Revenues
$2,915,049 31
♦Income from Other Sources_ 1,090,988 54
Gross Income
86
+39,191 15
|
60,543 28i
73,715 28
121,540 67
32,828 75
“
One hundred steel fifty-ton coal cars and a new steam
wrecking crane of seventy-five tons capacity were purchased
during the year.
The operated mileage was increased
during the year by
5.5 miles of the Athens Amesville &
Chauncey Ry., extending
from Hocking to Poston, which was
acquired by purchase
during the year, and was decreased by 2.5 miles of the Snow
Fork branch, between Murray City and
Coalgate, operation
of which was discontinued except as a coal mine
spur, making
a
net increase of 3 miles.
829,910 60
41,397 261
Total operating Revenues_$7,569,330 31 $5,878,414 25
Operating Expenses—
Decrease 10 (sold)
No
869,101 75
41,345 52
Other Transportation,
Non-Transportaton
Increase ( +) or
Decrease (—).
1909.
$6,430,798 34 $4,831,809 48 +$1,598,988
press
,
equipment in service
1910.
From Freight Traffic
during the
The
885
Deductions
235,737
66,607
—1,574 31
+ 51,731 61
—134 39
.
being continued.
The coal and coke
tonnage was 7,934,547 tons, an increase
of 42.8%;
Other freight tonnage was 3,256,929 tons, an
increase of 31.5%.
The total tonnage was 11,191,476 tons,
an increase of 39.3%.
Freight train mileage was
2,165,999
miles, an increase of 27.8%. Freight revenue was $6,430,798 34, an increase of $1,598,988 86, or 33.1%.
The revenue
ton miles were 1,405,193,759, an increase of
41%. The ton
mile revenue was 4.58 mills, a decrease of
5.5%. Revenue
per freight train mile was $2 97, an increase of 4.2%.
The
revenue tonnage per
train mile was 649 tons, an increase of
61 tons, or 10.4%.
The average tonnage per loaded car was
34.2, an increase of 6.2%. The number of tons of revenue
freight carried one mile per mile of road was 4,014,840, an
increase of 39.7%. * There were 2,382,769
passengers carried,
a decrease of 9.3%.
The number of passengers carried one
mile was 49,324,505, a decrease of 2.7%.
Passenger revenue
wras $869,101 75,
an increase of 4.7%.
Total passenger
train revenue was $1,018,842 16, an increase of
$54,846 98,
or
5.7%. Revenue per passenger per mile was 1.76 cents,
an increase of
7.3%. The number of passengers carried one
mile per mile of road was 140,927, a decrease of
3.6%.
Passenger train mileage was 841,287, a decrease of 1.4%.
Passenger revenue per train mile was $1 03, an increase of
6.2%; including mail and express it was $1 21, an increase
of
Net Income.
From this Net Income for the Year Ended June 30 1910
There nave been deducted:
Dividend No. 18 of 2% paid January 1910, Com__$220,000
Dividend No. 21 of 2% paid January 1910 Pref
300,000
Dividend No. 19 of 2% paid July 1910 Common.. 220,000
Dividend 2% paid to date of retirement Preferred 233,028
Surplus carried to credit of Profit
Amount to credit of Profit
5,091 tons of
were
steel 90-lb. rails used in
There were on June 30 1910
new
weighing 90 lbs. per
yard, 165 miles with 80-lb., 84 miles with 67-lb. and 27 miles
with rails of lighter weight, a total of 383 miles of main
track, including branch lines.
There were 251,753 ties used in maintaining existing tracks.
There were 89,855 yards of stone ballast
applied to main
tracks of the Toledo and Hocking divisions.
Repairs were made to 125 locomotives, 54 passenger train
cars and
12,919 freight train cars. The average amount
expended per locomotive operated was $1,889 21; per passen36 car
25. operated
The average
$538 31,
and perof freight
operatedis
fer
capacity
freighttrain
cars car
operated
37.6 tons, and the average
$6,079,995 70
Sundry adjustments- -Credit
17,666 57
Balance to credit of Profit and Loss June 30 1910.
•Includes $304,097 95
during fiscal
Interest
on
Cost of Road..
Cost of Equipment
585,980 55
Securities of Proprietary, Affiliated and Con¬
$36,967,574 09
Companies—Pledged.
$308,088 66
300,000 09
$608,088 66
Bonds
Other Investments.
Miscellaneous Investments—Securities—
Pledged
$1,479,718 24
-$39,055,380 9©>
Cash
Loans and Bills Receivable
Traffic Balances
Agents and Conductors
Miscellaneous Accounts Receivable
Other Working Assets
Materials and Supplies
Securities in Treasury—Unpledged.
Stocks
Bonds
Insurance Paid in Advance
Cash and Securities In Sinking
tion Funds
Other Deferred Debit Items
Capital Stock
deceased.
On April 21 1910 the following appointments were made,
Mr. Jas. Steuart MacKie, Secretary and Treasurer; Mr. Wm.
N. Cott, Assistant Secretary and Assistant Treasurer, and
Mr. A. C. Rearick, General Attorney.
On June 16 1910 Messrs. A. C. Rearick and John Galvin
resigned as members of the Board and Messrs. F. A. Vanderlip and S. C. Reynolds were elected in their stead.
Acknowledgments are made with pleasure to officers
and employees for faithful service during the year.
By order of the Board of Directors.
GEO. W. STEVENS,
,
j.
t,President
FRANK TRUMBULL, Chairman.
w
15
00
12
18
48
74
67
56
$ioi 00
2,720,000 00
$2,720,101 00
resigned as members of your Board, and Messrs. Edwin
Hawley, Jas. Steuart MacKie, A. C. Rearick, Geo. W.
i
I.
Deferred Assets—
“
Advances to Proprietary, Affiliated and Con¬
trolled Companies
Total...
v.
$1,224,923
210,000
190,967
75,418
913,461
59,048
$2,673,818
$494,500
;
$100,000 00
4,262 35
and Redemp¬
783,395 82
51,480 39
$939,138 56
.
tractive power of freight loco¬
place of Mr. N. Monsarrat, resigned; Mr. Jas. Steuart MacKie
was appointed Assistant
Secretary and Assistant Treasurer,
and the office of the Company in New York City
was estab¬
lished at No. 71 Broadway.
On April 1 1910 Mr. Jerome B. Zerbe was elected Director
to succeed Mr. Ralph W.
Hickox, deceased, and Mr. John
Galvin was elected to succeed Mr. Jas. Steuart MacKie, who
resigned from the Board. Mr. Decatur Axtell was elected
First Vice-President, succeeding Mr. Ralph W. Hickox,
sold
were
$37,553,554 55
...
trolled
which
BALANCE SHEET JUNB 30 1910.
ASSETS.
$26,602,244 94
10,951,309 61
Reserved for Accrued Depreciation of Equip¬
ment—Cr
Stocks
$6,097,662 27
Securities owned
year.
CONDENSED
motives 28,700 lbs.
On March 22 1910 Messrs. Chas. B. Alexander, R. M.
Gallaway, A. H. Gillard, N. Monsarrat and F. D. Underwood
Stevens and Frank Trumbull were elected in their stead.
Mr. Frank Trumbull was elected Chairman of the Board of
Directors; Mr. Geo. W. Stevens was elected President in
973,028 05
$1,566,736 62
4,513,259 06
Working Assets—
renewals on 35 miles of track.
107 miles of main track laid with rails
and
and Loss.
Loss June 30 1909.
To which add:
7.1%.
There
$2,539,764 67
00
00
00
05
6,827,558 79-
1.
.
.$45,882,939 6*
LIABILITIES.
$n ,000,000 00
Funded Debt—
First Consol. Mtge. 4 K% Bonds, 1999
$16,058,000 00
First Mtge. C. & H. V. RR. 4% Bonds, 1948.
1,401,000 00
First Mtge. Col. & Toledo RR. 4% Bds., 1955
2,441,000 00
■
;
$19,900,000 00
2,687,000 00
$2,258,700 00
Equipment Trust Obligations
Working Liabilities—
Loans and Bills Payable.
Traffic Balances
Audited Vouchers and Wages Unpaid
Miscellaneous Accounts Payable
Matured Int., Dlvs. and Rents Unpaid
Other Working Liabilities
$33,587,060 06
$3,250,000 00
143,303 77
675,720 09
,
41,031 70
595,639 00
12,790 00
$4,718,484 56
Deferred Liabilities—
Unmatured Int., Dlvs. and Rents Payable
Taxes Accrued
;
$95,798 66
123,149 84
88,419 26
828,654 98
Operating Reserves.
Other Deferred Credit Items.
$1,136,022 74
5,854,507 36
Appropriated Surplus—
Additions to Property through Income since
June 30 1907 (to June 30 1909)1
Reserve Invested In Sinking Fund
$181,409
162,361
$343,770
6,097,662
Profit and Loss—Balance
>
Total.
i
.
_
7---- - - - —
-7-
—,
11
01
!
12
27
6.441,432 36
.*$45,882,93966
Note.—The Hocking Valley Railway Company
Is the joint endorser
(Principal and Interest) with the Toledo ft Ohio Central
Hallway Com¬
pany, of the bonds of the Kanawha ft Hoticthk Coal ft Coke
Company
(amount outstanding $3,057,000) and of the bonds of the
Continental Coa
Company (amount outstanding $2,218,000).
'
«
t
■
886
'
THE CHRONICLE
[VOL.
^hc dDoromemai J'xmes.
LXXXXI.
COTTON.
Friday Night, Sept. 30 1910.
as indicated by our
telegrams from the South to-night is given below. For the
week ending this evening the total receipts have reached
391,418 bales, against 242,558 bales last week and 169,892
bales the previous week, making the total receipts since
apparent.
Sept. 1 1910 926,908 bales, against 1,094,513 bales
LARD has been slow, owing to meagre offerings at higher for the same
period of 1909, showing a decrease since
prices, with light supplies under strong control. Prime
Sept. 1 1910 of
COMMERCIAL EPITOME.
Friday Night, Sept. 30 1910.
The grain crops are believed to be large and the number of
idle cars is smaller, but for all that conservatism is every¬
where manifest, partly owing to political agitation and high
prices. Some contraction in the iron and steel trade is
THE MOVEMENT OF THE CROP
167,605 bales.
Western 13.10c., Middle Western 12.65@12.75c.
Refined
owing to advancing cost. Refined Continent
13.30c., South American 14c., Brazil in kegs, 15c. The local
speculative market has been dull and without important
change. In the West speculative dealings have been spas¬
modic.
The near-by deliveries have been strong, owing to
light supplies and support by big trade interests, while later
deliveries have been weakened by liquidation, prompted by
the fine prospects for the corn crop.
has been dull,
DAILY CLOSING PRICES OF LARD FUTURES IN NEW YORK.
Sat.
Mon.
Tues.
Wed.
Thurs. Fri.
September delivery
__12.70
12.90- 12.80
November delivery
11.80
12.00
11.86
11.80
11.82
11.85
January delivery
10.90 11.01
10.90
10.80
10.85
10.90
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
Sat.
Tues.
Mon.
Wed.
Thurs.
Fri.
October delivery...12.55
12.60
12.40
12.60
12.35
12.40
November delivery.11.60
11.62«
11.57 H
11.42 X
11.45
11.55
January delivery...10.60
10.55
10.52 H
10.40
10.40
10.55
.
PORK has been quiet and irregular, mess being rather
easier at $22 @$22 50, while light-weight family has been
Receipts at—
Galveston
Port
Sat.
Mon.
Tues.
20,595
25,066
45,225
*
Arthur.-..
—
—
Wed.
Thurs.
21,776
18,562
—
....
Corp. Christ!, Ac.
New Orleans
2,946
3,412
1,721
6,338
1,278
15,324
14,993
17,169
13,564
2,584
5,517
1,683
2,899
3,851
2,101
6,345
3,764
7,073
4,221
3,395
1,950
Jacksonville. Ac.
_
Georgetown
Wilmington
8,285
1.681
500
Savannah
Brunswick
Charleston
6,490
3,424
1,790
529
Mobile
Pensacola
Fri.
...
109
609
13,415
11,000
3,148
20,465
5,103
2,425
94,930
16,103
18,256
4,813
1,818
3,931
2,839
29,408
16,693
147
147
7 93
10
....
Norfolk
10
N’port News, Ac.
New York
Boston
750
166
43
64
Baltimore
-
Philadelphia
—
Totals this week.
^
—
....
48.846
60,818
—
^
100
698
—
—
83,530
Total.
29,360 160,584
6,857
6.857
1,176
7,666
5,126 29,531
1,804
8,803
—
—
55,362
62,822
—
330
698
....
80.040 391,418
The following shows the week's total receipts, the total
firm, owing to light supplies; $25@$25 50. Beef has been since Sept. 1 1910, and the stocks to-night, compared with
seasonably active. Mess $15 50@$16 50, packet $16 50@ last year:
$17, family $19 50@$20, extra India mess $31 @$31 50.
Cut meats in light demand, despite lower prices.
1010.
1909.
Stock.
Pickled
Receipts to
hams, regular, 13@14c., pickled bellies, clear, 15@15>^c.,
This .Since Sep
This
September 30.
Since Sep
week. | 1 1910.
week, i 1 1909.
1910
1909.
pickled ribs 16>^@17c. Tallow has been quiet and steady,
city 7J^c. Stearines have been dull but firm; oleo 12c., Galveston
160,584
501,054 142,162
387,356
124,716
129,306
lard 13^@14c.
6,857
7,047
Butter has been fairly active and firmer, Port Arthur
6,857j
7.047
988
7,668|
Chrtstl, Ac.
9;706
5,766
especially on best grades; creamery extras 29c. Cheese has Corp.
New Orleans
29,5311
45,749 31,755
71,365
27,147
71,830
been firm and moderately active; State, whole milk, colored Mobile
18,211 10,867
30,249
12,959
21,119
8,803,
Pensacola
I
or white, fancy, 15J4c.
Eggs are steady, both supply and Jacksonville, Ac.
609
386i
804
767
demand showing increase; Western firsts 24@25c.
Savannah.
94.930
211.160 105.524
341,342
67,444
89,154
OIL.—Linseed is lower, leading to a fair jobbing demand; Brunswick
16,103'
20,611
9,500
53,955
3,225
10,547
Charleston
18,256
33,924 15,270
60,077
17,968
32,227
city, raw, American seed, 97@98c.; boiled 98@99c.; Cal¬ Georgetown
10
35
25
1
48,221 28,078
29,408!
78,418
22,622
21,289
cutta, raw, $1 03. Cottonseed lower; winter 8.50@10c., Wilmington
Norfolk
16,693
26,938 26,347|
55,528
7,922
18,644
summer white 8.50@9.50c.
Lard firm on scarcity of rawT ma¬ N’port News, Ac.
294
189
652
147|
793
30l!
351
1,220
terial; prime $1 02@$1 05, No. 1 extra 61@63c. Cocoanut New York
88,164
65,223
330
Boston
984
34
426
1,235
3,136
firm on meagre stocks; Cochin 113^c., Ceylon 10c.
Olive Baltimore
698
450
1,140
1.007
1.593
1.604
182
825
97 5
steady, 90@95c. Cod continues active at higher levels; Philadelphia
domestic 41@43c., Newfoundland 44@46c.
Total
391,418
926,908 378,898 1,094,513
465.054
375,820
COFFEE.—Prices are firm, with a better demand late
in the wTeek.
Rio No. 7, ll@113^c.; Santos No. 4, 11J^@
In order that comparison may be made with other years,
12>£c. Mild grades firmer and more active; fair to good we give below the totals at leading ports for six seasons:
Cucuta 1213c.
The speculative market has been active
and prices have advanced to new high levels for the move¬
1910.
1909.
1908.
Receipts at—
1907.
1906.
1905
ment, although at one time a backward reaction in Europe Galveston
160.584
142,162
117,977
52,075
130,827
127,874
caused heavy realizing here and a temporary recession.
328
14,523
74
The Pt. Arthur, Ac.
8,035
2,279
1,016
Orleans.
29.531
31,755
41,596
22,088
52,888
22,124
near-by deliveries have led the advance, partly reflecting New
Mobile
8,803
10,867
14,823
9,136
5,093
14,885
conspicuous strength in December contracts at Havre, in Savannah
94,930
105,524
84,774
65,405
65,164
81,240
Brunswick
16,103
0,500
13,275
which a large short interest still exists.
8,615
6,065
2,486
Primary markets Charleston, Ac
18,266
13,626
15,270
12,002
7,282
12,749
firm, crop movement light and crop reports generally un¬ Wilmington..
29,408
28,078
26,053
30,820
27.079
25.920
Norfolk
16,693
16,971
26,347
15,409
14,796
42,642
satisfactory. Closing prices were as follows:
147
189
492
N’port N., Ac
78
428
^
September. 9.02 @ 9.05c. January __8.93@8.97c. May
8.98@8.99c.
October
8.90 @8.95c. February .8.93@8.96c. June
8.99@ 9.00c.
November 8.9Q@8.95c March
8.94@8.95c. July
9.00©9.01c.
December .8,95 > 9.00c. April
8.96 @ 8.98c. August
9.01 @ 9.02c.
SUGAR.—Raw was almost at a standstill early but later
drop in prices stimulated fair dealings. Centrifugal, 96degrees test, 4c.; muscovado, 89-degrees test, 3.50c.;
molasses, 89-degrees test, 3.25c. Refined has been quiet
a
and steady; granulated 5.05c.
PETROLEUM.—Domestic business has been better but
export inquiry is still slow. Refined, barrels, 7.50c., bulk
4c., cases 9.90c. Naphtha still firm, though demand is less
active; 73 to 76 degrees, in 100-gallon drums, 16%c.; drums
$8 50 extra.
Gasoline, 86 degrees, in 100-gallon drums,
lS%c.; drums $8 50 extra. Spirits of turpentine were weak
early, but rallied partially later, with exporters buying;
77^|@78c. -Rosin has been firm,, with large interests buying;
common to good strained $6 40.
TOBACCO.—Conditions show no material change.
Man¬
ufacturers display little interest aside from providing for
immediate requirements, and hence business is on a small
scale and prices show only a meagre margin of profit. There
is no urgent pressure to sell, however, as the supply of choice
leaf is far from heavy. There are fair dealings in the 1910
crop
in Conn, and Wise., but there is less activity in other States.
COPPER.—Slight concessions were offered for a time, but
without stimulating activity, and later greater firmness
developed. Lake 1213c.; electrolytic 12%c.; casting
12 ^@12 34c.
Lead firmer and dull;
spot 4 %Mi %c.
Spelter quiet and rather easier; spot 5.50@5.60c. Tin dis¬
played temporary strength and later weakened; spot
34 50@34 60c.
Iron has been quiet in the East and more
active in the West.
The interest is broadening, with pipe
makers and radiator manufacturers doing the most.
Fin¬
ished steel has become firmer.
Buyers are asking for prompt
deliveries, but are not anticipating future needs. Light lines
are fairly active, while
heavy lines are quiet for domestic
account, but more active for export.
198
All others
2.480
1,171
8.901
246
516
16,427
Total this wk_
391,418
378,898
338,816
215,948
312.437
346,561
Since Sept. 1.
926,908 1,094,513 1,020,453
730,123
987.013 1.268.459
The exports
for the week ending this evening reach a total
253,142 bales, of which 134,882 were to Great Britain,
33,113 to France and 85,147 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1910:
of
Week ending Sept. 30 1910.
From Sept.
Exported
Exports
from—
Great
Conti¬
Britain. Ft,me.
nent.
Total.
Galveston
Port Arthur.
52,446 12,959 29,545 94,950
Corp.ChriatM
6,490
17,000
2,029
New Orleans
Mobile
Pensacola
Femandlna
Savannah
Brunswick.
6,857
6,857
6,490
6,464 23,464
2,029
—
—,,
—
1 1910 to Sept. 30 1910.
Exported
Great
Britain. France.
Conti¬
nent.
Total.
125,624
6,857
1,597
16,357
294,866
6.857
22.437
4,700
6,000
9,991
55,436
12,048
6,000
24,486
24366
49.5*16
144*470
600
1,251
7,704
1,055
14.300
10,441
2,153
"2390
"2,696
900
900
*55,679
619376
136,059 33,183
'6,490
823
19,033
2,029
8,087
35,213
2,029
....
..
_
Charleston
16,784
7,348
9,184 3,439 14347 26370
564
6,915
7,479
500
2,191
1,498
4,189
1,000 1300
70.654
13,049
2,237
1,098
^
Wilmington.
Norfolk
16,784 16,21.5 13,422 46.421
4,150 11,498
7,348
6,000
6,000
14,495
14,495
18,215
^
—
....
14,495
....
Newport Ne^
New York..
i
!
!
Philadelphia
t
....
1
....
'
“T.
i
Seattle
*700
*700
700
700
....
Pembina
....
»
Total
....
•
r -•
134,88233,113 85,147353,142
Total 1909
T
1
•
1
1
•
•
t
1
•
•
1
•
4 *
1
»
•
I*
289,276 74,721
99,420 78,998162.342_34Q.760_202,679148.857j_
In addition to above
719,788
exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
Oot.
11910.]
THE CHRONICLE
On Shipboard, Not Cleared jor—
Sept. 30 at—
Ger¬
Great 1
Britain. France
New Orleans.
2,936
27,179
8,300
.
Galveston
Savannah
Charleston
Mobile
Norfolk
New York....
Other ports...
Other
Foreign
many.
175
830
4,472
21,828
22,729
6,960
2,000
500
9,500
Coast¬
wise.
5,750
7,000
3,000
400
7,197
800
3,000
7.000
48,415
58,600
45,030
Total 1910._
Total 1909..
Total 1908..
1,500
9,000
22,803
16,251
43,519
34,759
22,705
23,276
600
1,000
15,572
18,979
19,212
leaving
Total.
FUTURES.—The highest, lowest and closing prices at
New York the past week have been as follows:
Stock.
8,413
86,986
22,260
5,000
18,734
37,730
45,184
12,968
12,059
900
7,197
5,900
17,000
f8 ft IVf
COCO
CO
Co CO
03
03 OJ
03
82,264
12,500
MM
<0 00
03
03
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tvs
mm
to
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23,347 153,656
27,198 155,787
17,672 127,895
I©
222,164
309,267
6363
268,664
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settlement of the British labor troubles would soon be
reached.
Liverpool also reported a better demand for yarns
and cloths and predicted larger
takings by spinners. In
a
addition, crop news continued bullish. Toward the close
prominent traders made a sharp drive at the market and
caused almost all of the early gain to be lost.
This selling
was based
mainly on a report that another meeting between
English master spinners and operatives had ended without
accomplishing anything.
The rates on and off middling, as established
Sept. 14 1910
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
Fair
c.
Middling fair
Strict good mid
Good middling
Strict middling
1.50
1.30
on
Middling
on
1.10
0.06
0.44
0.22
on
on
on
on
Strlot low. mid
Low middling
Basis
0.26 off
0.60 off
1.06 off
1.76 off
e.
Good mid. tinged-C
Even
Strlot mid. tinged..0.15 off
Middling tinged...0.25 off
Strict good ord
Strict low.Mld.ting_0.60efl
Good ordinary.
Low mid. tinged..-1.50 off
Strict g*d mid. tgd.0.35
0.
on Middling stained--0.76 off
.
...
The official quotation for middling upland cotton in
New York market each day for the past week has been:
Sept. 24 to sept. 60—.
Middling uplands
1910.C
1909
1908
1907
1906
1905
1904
1903
Sat.
Mon.
Tues.
18.70
18.60
18.60
Wed.
Thurs.
18.75
13.75
the
Fri.
13.75
NEW YORK QUOTATIONS FOR 32 YEARS.
13.75
13.80
6.30
11.80
9.90
1902.c
1901
1900
1899
1898
10.75 1897
..10.60 1896
.11.00 1895
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8.68
8.19
10.75
6.88
5.44
6.50
8.88
1894.0
1893.
1892
1891
1890
1889.
1888
9.15 1687
6.31
8.00
7.62
8.69
10.38
11.00
10.44
9.50
1886.0
1885
10.06
10.12
10.62
1884
1883
1882
1881
1880
1879
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o
THE VISIBLE
made up by cable
I 03
12
o
SUPPLY
OF
COTTON
to-night,
as
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 Thurs¬
day evening. But to make the total the complete fig¬
ures for
to-night (Friday), we add the item of exports
from the United States, including in it the exports of Friday
only.
September 30—
Stock at Liverpool
Stock at London
Stock at Manchester
1010.
bales.
_
1909.
623.000
11,000
16,000
42.000
298,000
11.000
1908.
269.000
12,000
25,000
1907.
558,000
676,000
12,000
63.000
306.000
25,000
623,000
85.090
113,000
2,000
12,000
10,000
4,000
46,000
69,000
89,000
4.000
15,000
8,000
38,000
155,000
216,000
221,000
252,000
453,000
892,000
39,000
559,110
28,000
53,000
140,000
465,054
247,107
69,758
527,000
43.000
581.371
25,000
56,000
875,000
80,000
320,779
23,000
67,000
58,000
2,000
9,000
4,000
4,000
Total Continental stocks
Total European stocks
India cotton afloat for Enrope
A merican cotton afloat for Europe
52,000
360.469
34,000
53,000
315,000
375,820
164,701
82,315
Egypt,BrazU,4sc.,aflt.for Europe.
Stock In Alexandria, Egypt
Stock
Stock
Stock
U. S.
7,000
275,000
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Havre.
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
In Bombay, India...
In U. S. ports
in U. S. Interior towns
exports to-day
24,000
41,000
18,000
4,000
11:888
37,000
42,000
381,000
439,196
174,919
247 000
290.009
285,040
0,820
45,040
Total visible supply
1,890.305 2,493.029 2,187,299 2,383,934
Of the above, totals of American and other
descriptions are as follows:
American—
Liverpool stock
Manchester stock
Continental stock
American afloat for Europe
bales.
107,000
13,000
122,000
360,469
375,820
164,701
U. S. port stocks
U. S. interior stocks
U. S. exports to-day
82,315
Total American
East Indian, Brasil, &c.~
Liverpool Stock.
London stock.:
Manchester stock
7,000
3.000
Continental stock
ndlai afloat for Europe
fii
it.
U, Brazil, «*•*
Ac afloa
Stock in Alexandria. Egypt
Stock In Bombay, India
J3:Z
52
.,
Total East India. Ac
Total American
81,371
396,559
320J79
439,196
247,107
69,758
“S&S
174.019
460,000
174,000
18.000
i37.000
48,940
•
78.000
....
11.81
11.69
545.000
33,000
186,000
559,110
465.054
1.315,305 2.105.029 1,598,299 1,626,834
.
53,(
31ft,<
.....
...10.50
78,000
11.000
9,000
95,000
*2.009
!»;}
5*!oo(
25.000
08,000
24,000
7,000
sIjooQ
43,000
m
56.000
247.000
140.000
381,000
375,000
388,000
569,000
757,000
1,315,805 2.105,029 1,508,299 1,626,934
2,493,029 2,167.299 2.383.934
7.29d.
13.55c.
Con¬
Total.
rerpool
Tlnnevelly, Good, Liverpool....
Continental
Firm
M
6363
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Sales of Spot and Contract.
7,452
Steady....
Very steady,
hardy steady
6363
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63 63
Steady
Steady
^4 fr- *
coco
--11.58
Spot. sum’n. tract.
Saturday..
Monday—
Tuesday
Wednesday
Thursday
|p,4
to to
63 63
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to *-*
COCO
MARKET AND SALES AT NEW YORK.
Futures
Market
Closed.
63
to
1
0*0*
|®
tO 03
•40
"
9.50
03 CO
I®
I©
is
supposed,
against
sales
of
cotton
to
Some members of
the
spinners.
old
bull
clique are said to have bought on a large
scale
on
the
strength
of
the
published or pri¬
vate bad
crop reports from Georgia, Alabama and other
parts of the South, and an idea that the next Government
crop report on Oct. 3 is likely to be more or less unfavorable!
Though the spot sales in Liverpool have been small, prices
there have been rising, and from Manchester the advices
have reported a better demand at firm quotations.
There
seems to have been a
widening out of the speculation,both
at home and abroad, owing to the disappointing smallness of
the receipts and the persistent demand for cotton both from
domestic and foreign spinners. In New York especially
the buying for a rise by certain big speculative interests is
8aid to have been on a very large scale.
On the other
hand, many think a reaction is liable to come at any time.
The rise has been rapid; pretty much everybody seems to be
a bull.
Thus the “long” side may, it is argued, soon become
unwieldy and a sudden break in values, through sudden liqui¬
dation, would only be repeating history. It is believed that
the rapid rise in prices for the raw material makes it more
difficult for spinners to do business.
The sales of cot¬
ton goods are but moderate.
Receipts of cotton at the
South are, it would seem, bound to increase in the near
future; possibly with no very pleasant results to an in¬
flated speculation.
Many think it is rather early in
the season to begin a bull campaign.
The pressure of out¬
side buying, however, has forced prices upward.
The light
crop movement, some adverse crop reports and a certain
amount of apprehension regarding the tenor of the Govern¬
ment report on Oct. 3 have offset, for the time at least,
any favorable crop advices or other bearish factors.
To-day
there was a small gain.
At the outset there was a sharp ad¬
vance under further
heavy buying for outsiders. Liverpool
was much stronger than
expected, and it was reported that
..
|®
Co 63
MM
®
of the movement of cotton to market.
This has caused
increase in the speculation among outsiders.
Chicago,
Wall Street and the South have bought.
Shorts have cov¬
ered freely.
Large spot interests have recently been liberal
Strict mid. fair
|®
63 63
ness
it
I®
63
to
VU3s
some
partly,
Is IS IS IS IS
725
Speculation in cotton for future delivery has been more
active at a further rise of prices.
Less favorable crop ac¬
counts in the newspapers, and also as gathered by some
Southern “wire” houses, have given noticeable impetus to
the upward movement of quotations.
The September crop
movement looks scanty compared with that of a year ago,
though in Texas it seems to be on the whole increasing.
But some people have been reducing their crop estimates,
making the yield much less than it has been generally taken
for granted it would prove to be, despite the obvious late¬
buyers,
887
4.700 12,152
2,300
1,900
5,100 5.727
8.700 8,700
122,760 30,770
bales.
;
-•
6 ll-16d.
7d.
5.13d,
0.53d.
,
9.25c.
11.650.
m:
4 15-16dv-
r
6d.
6«d. 4 11-16d.,ft §Kd.
imports for the past week have been 111,000
-
\
Wf* ’* ;v<«.
'r■>..
The above
figures for 1910 show an increase over last week
of 308,699 bales, a loss of 602,724 bales from
1909, a
decrease of 276,994jbalesfrom;i908) and a decline of493,629
bales from 1907.
i
;?i
r.
s
THE CHRONICLE
AT THB INTERIOR TOWNS the movement—that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year—is set out
in detail below.
Mobile
..
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September—
Range
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3-16
3-16
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13.95
13 34
13 54
13 H
13.85
13 54
13 H
1354
1354
13 9-16
13
13 9-16
12 15-16
1 3 34
13 54
13 1-16
Friday.
13
13
13
13
13
13
13
13
14
54
34
5-16
34
34
34
54
54
00
1354
13 54
13 54
13 11-16
13 34
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13.00
13.03
—
—
13.41
13.41
—
—
@
-
(a)
—
13.13-.17
13.30
@ —
@ —
@ —
13.19-.21 13.28..30 13.36-.38 13.47-.49 13.54-.56
—
—
—
—
13.08-.15 13.22-.31 13.27-.45 13.51~.69 13.54-.70 13.66-.79
13.15 — 13.30-.30 13.43-.44 13.51-.52 13.62-.63 13.70-.71
—
@
—
—
@
—
—
@
—
—
@
—
—
@
—
—
@
—
13.22-.30 13.35-.46 13.42-.60 13.67-.82 13.70-.87 13.85-.99
13.29-.30 13.44-.45 13.58-.59 13.65-.67 13.79-.80 13.86-.88
_
13.33-.41 13.47-.52 13.52-.69 13.75-.91 31.78-.98 13.95-.07
13.40-.41 13.54-.55 13.68-.69 13.75-.76 13.89-.90 13.98 —
(a)
(g>
(a)
0.77 13.93-.94 13.96-.02
@ —
13.56-.60 13.73-.75 13.84 — 13.98-.99 14.03-.05
—
—
—
—
—
Steady. Steady. Steady.
Steady. V’y st’y. Steady.
Steady.
Steady.
Steady.
Steady.
Steady
Steady
.
•
o
—
Range
Closing
May—
Range
Closing
July—
Range
Closing
_
X;
-
13.19-.21 13.35-.37 13.47-.49 13.56-.58 13.67-.69 13.75-.77
Spot
Options
*8
13.34-.46 13.30-.32
13.35 *
13.40 *
13.02-.10 13.15-.24 13.20-.38 13.42-.59 13.44-.60 13.57-.70
13.09 — 13.23 — 13.36-.37 13.43-.44 13.53-.54 13.60-.61
Tone—
o »
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..
March—
eo©N®oo
trill
e e t t
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—
—
Closing
:f.
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•
13.00-.09 13.13-.22 13.16-.32 13.33-.50 13.38-.51 13.50-.61
13.08 — 13.19-.20 03.28-.29 13.34-.35 13.45-.46 13.54-.55
Range
Closing
January—
Range
Closing
February-—
Range
WNWNNCO
tH
tH
Range
Closing
—
December—
t>. © eo © © HN'fNOt'NO'i'ffit'
©TjTcoeMffl©®©TH©0OTH
•
13 3-16
13 5-16
13 34
13 34
13 34
13 %
13.85
13 34
13 %
13 54
13 54
12 15-16
3-16
Vi
13 54
13 7-16
13 3-16
13 7-16
13 7-16
13 7-16
13 54
13 54
14.00
13 34
13 54
13 54
13 11-16
ns 34
13.25-.26
@
13.25 — 13.32
Range
Closing
tT©
■tr
f
13
13
13
13
13 54
13 7-16
13 3-16
13 7-16
13 54
13 54
13 54
13 34
14.00
13 34
13 54
Closing
November—
ieotoo©to©
'
th
TjiOHN©H®©©Tfnoow©©©ww©WHTf ©®w©aow©©®©©
NTfiONWTfrtTOTftOHHCgat-TfoOCMTf®^!'. NHCStf
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1354
13
October—
©
th ©
3-16
3-16
3^
H
1334
13 H
Monday. Tuesday. Wed'day. Thursd'y.
1354
13 54
Sat'day. Monday, Tuesday, Wed'day, Thursd'y, Friday,
Sept. 24. Sept. 26. Sept. 27. Sept. 28. Sept. 29. Sept. 30.
©TH
© © TJ* © ® © © 00 00 TH
.
%
%
©N©f-®*f©aow*J<eo©eO©t-eON©iHao®©©'*t'*HN©Tl<©»H
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T-WOt'-#**-©^'® ©©©TH
tH®©
Sat'day.
13
13
13
13
13
13
on-
NEW ORLEANS OPTION MARKET.—The
highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
r-lrHlf5eO
CO
CO
iH
_
Philadelphia
Augusta
Memphis
r-©
i«ONOM
I © O 00 O 00
iWOtHh-O
T*t-r-*©eO©©r-«»Tt'©©®CMr-i©0O©©®Tj<eCTl'©iHeOtHTHeOl'.©®
®^400®eO''J'©®®©00®©Ti"<}"'fN©t'-©f-Tl'T-l»H®©Tji,HtHr-ioe©©
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...
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lH«N«OOiONHONOOt>K5®Ot««in
N©«iHl'»©oOTji©©©TH©*tf©©©©iJ'©
^<NT»C«NOna«On
Nr-lt-at-W
Sic
2Sc
Galveston
New Orleans
nONH0DX3««rr>Ot<'t
th
LXXXXI
Closing Quotations )or Middling Cotton
Sept. 30. ’
Savannah
Charleston
iJO©©0»eO©C‘9®©®t^®©«OOOf»©iH«,HNTf®iH©oeoOMi©©Tj' too
OOOHr*NOX>a(Oif}u;aonHrrNOoOiOn!OiOaNNNON09N ©Tf
[VOL.
Nominal.
H
WEATHER REPORTS BY TELEGRAPH.—Advices to
a
z
o
•M
eo
eo
3
o
H
by telegraph from the South this evening denote that the
as a rule during the week.
As a
result, picking has made very good progress and the crop is
being quite freely marketed. The crop, however, is late on
us
weather has been favorable
the whole.
The above totals show that the interior stocks have in¬
creased during the week 54,840 bales and are to-night 82,406
bales less than at the same time last year.
The receipts
at all the towns have been 12,543 bales less than the same
week last year.
Galveston, Texas.—Rapid progress is being made in pick¬
ing and marketing the cotton crop. We have had no rain
during the week. The thermometer has averaged 82, the
highest being 88 and the lowest 76. Month’s rainfall 4.67
OVERLAUD MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.—We give below a statement
showing
Abilene, Texas.—Rain has fallen on two days the past
week, the rainfall reaching seven hundredths of an inch.
The thermometer has averaged 74, ranging from 56 to 92.
September rainfall 1.62 inches.
Brenham, Texas.—We have had rain on one day of the past
week, the rainfall being twenty-one hundredths of an inch.
The thermometer has ranged from 67 to 95, averaging 81.
the overland movement for the week and since
Sept. 1, as
made up from telegraphic reports Friday night.
The results
for the week and since Sept. 1 in the last two
years are as
follows:
„
„
„
September 90—
Via
Via
Via
Via
Week.
Cairo
Rock Island.
Louisville
Cincinnati
Sept.
853
__
Deduct shipments—
Overland to N. Y., Boston, &c..
Between Interior towns
Total to be deducted
Leaving total net overland*
*
1910-
2,226
1909
Sept. 1.
4,922
1.
6,033
2,200
Week.
1,353
278
100
100
485
50
486
1,639
859
237
633
50
1,528
1,276
2,893
2,698
4,488
,1243
4,275
7,931
17,524
3,995
14,077
1,821
3,344
1,966
477
299
1,846
198
658
785
283
2,847
5,902
1,542
3,959
4,866
9,904
2,610
6,814
3,065
7,620
1,385
7,263
889
Including movement by rail to Canada.
The foregoing shows the week's net overland movement
has been 3,065 bales, against 1,385 bales for the week
last year, and that for the season to date the
aggregate net
overland exhibits an increase over a year ago of 357 bales.
-1910Jn
Sight and Spinners'
'
Takings.
Week.
Receipts at ports to Sept. 30
391,418
Net overland to Sept. 30
3,065
Southern consumption to Sept. 30 35,000
-1909Since
Since
Sept.
926,908
7,620
133,000
378,898
1,385
52,000
Sept. 1.
1,094,513
7,263
234,000
.429,483
54,840
1,067,528
113,923
432,283
61,481
1,335,776
163,944
Came Into sight during week..484,323
Total In sight Sept. 30
1,181,451
North’n splnn’S* takings to Sept.30 27,690
148,609
Total marketed
Interior stocks fen excess
Week.
493,764
1,499,720
43,530
104,748
Movement into sight in previous years:
Week—>
1907—Oct. 4
1906—Oot. 5___
1905—Oct.
Since
Bales.
•
1908—Ost. A—
4.
.459,550
.304,524
_w_388,442
448,095
Sept. 1—
1908—Oct.
1907—Oct.
1906—Oct.
1905—Oct.
3
4
5
6.
■_
Bales.
_
_
1,394,469
1,073,416
1,345,147
1,695,005
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton lat Southern and other
principal, cotton markets for
each day'of the ^eek.
'5
,
inches.
Month’s rainfall 1.60 inches.
Cuero, Texas.—We have had no rain the past week. Aver¬
thermometer 82, highest 100, lowest 64., Month’s rain¬
age
fall 1.63 inches.
Dallas, Texas.—We have had no rain during the week.
The thermometer has averaged 79, the highest being 98 and
the lowest 60.
Month’s rainfall 2.63 inches.
Henrietta, Texas.—There has been no rain the past week.
The thermometer* has averaged 78, ranging from 57 to 98.
September rainfall 49 hundredths of an inch.
Huntsville, Texas.—WO have had no rain the past week.
The thermometer has ranged from 64 to 93, averaging 79.
Month’s rainfall 1.20 inches.
Kerrville, Texas.—There has been rain
on one day dur¬
ing the week, the precipitation being five hundredths of an
inch.
Average thermometer 79, highest 93 and lowest 64.
Month’s rainfall 80 hundredths of
an
inch.
Lampasas, Texas.—There has been rain on one day during
the week, the precipitation reaching eighteen hundredths of
an inch.
The thermometer has averaged 80, the
highest
being 98 and the lowest 62. Month’s rainfall 32 hundredths
ofaninch.
Longview, Texas.—Rain has fallen on two days the past
week, the rainfall reaching twenty-seven hundredths of an
inch.
The thermometer has averaged 81,
ranging from 63
to 99.
September rainfall 71 hundredths of an inch.
Luling, Texas.—We have had rain on two days during the
past week, the rainfall being eighteen hundredths of an inch.
The thermometer has ranged from 67 to 96,
averaging 82.
Month’s rainfall 1.96 inches.
Nacogdoches, Texas.—It has rained on one day of the week,
precipitation being fifteen hundredths of an inch. Aver¬
age thermometer 78, highest 94, lowest 62.
Month’s rain¬
the
fall 76 hundredths of
an
inch.
Palestine, Texas.—There has been rain on two days during
the week, the precipitation reaching sixty-two hundredths
of an inch.
The thermometer has averaged 78, the highest
being 92 and the lowest 64. Month’s rainfall 1.04 inches.
-
THE CHRONICLE
Oof*, I 1910.]
Paris, Texas.—There has been no rain during the week.
averaged 80, ranging from 61 to 98.
September rainfall 88 hundredths of an inch.
San Antonio, Texas.—There has been rain on one day
during the week, to the extent of two hunrdedths of an inch.
The thermometer has ranged from 66 to 92, averaging 79.
The thermometer has
Month’s rainfall 64 hundredths of
an
inch.
Savannah, Georgia.—Rain on four days of the week, to the
of twenty-nine hundredths of am inch.
Average
thermometer 75, highest 80, lowest 66.
Washington, Georgia.—We have had rain on one day the
past week, the rainfall being forty-three hundredths of an
inch.
The thermometer has averaged 77, the highest being
extent
90 and the lowest 63.
Taylor, Texas.—It has been dry all the week. Average
thermometer 80, highest 94, lowest 66.
Month’s rainfall
2.95 inches.
Weatherford, Texas.—We have had no rain during the
week.
The thermometer has averaged 77, the highest being
04 and the lowest 60.
Month’s rainfall 69 hundredths of an
inch.
Alexandria, Louisiana.—There has been rain
889
on two
days
of the week, to the extent of one inch and sixty hundredths.
The thermometer has averaged 80, ranging from 62 to 98.
Amite, Louisiana.—We have had rain on two days of the
week, the rainfall being ninety hundredths of an inch. The
thermometer has ranged from 63 to 95, averaging 79.
New Orleans, Louisiana.—There has been rain on one day
during the week, the precipitation being one inch and fortyone
hundredths.
Average thermometer 80, highest 91,
lowest 69.
Charleston, South Carolina.—Rain
on
three days of the
week to the extent of two inches and fifty-one hundredths.
The thermometer has averaged 75, ranging from .67 to 85.
Greenville, South Carolina.—Rain has fallen on one day
during the week, the rainfall reaching seventy hundredths of
an inch.
The thermometer has ranged from 62 to 87,
averaging 75.
Greenwood, South Carolina.—Rain on one day of the week,
with rainfall of thirty-four hundredths of an inch.
Average
thermometer 77, highest 93, lowest 61.
Spartanburg, South Carolina.—Rainfall for the week fiftytwo hundredths of an inch on one day.
The thermometer
has averaged 76, the highest being 92 and the lowest 60.
Charlotte, North Carolina.—Cotton is opening rapidly and
farmers are free sellers.
We have had rain on one day of the
week, the rainfall being fifty-five hundredths of an inch. The
thermometer has averaged 75, ranging from 64 to 86.
Greensboro, North Carolina.—Rain on one day of the week,
the rainfall being ten hundredths of an inch.
The ther¬
mometer has ranged from 60 to 89, averaging 75.
Raleigh, North Carolina,—Dry all the week. Average
thermometer 74, highest 86, lowest 62.
The following statement we have also received by tele¬
graph, showing the height of rivers at the points named at
8 a. m. of the dates given:
'
Shreveport, Louisiana.—There has been rain on one day
during the past week, the rainfall being fifty-two hundredths
of an inch.
The thermometer has averaged 78, the highest
being 93 and the lowest 62.
Ardmore, Oklahoma.—Dry all the week. The thermometer
has averaged 78, ranging from 58 to 98.
Holdenville, Oklahoma.—There has been no rain all the
week.
The thermometer ranged from 47 to 98, averaging 73.
Sept. 30 1810.
Oat. 1 1909.
Marlow, Oklahoma.—There has been no rain during the
Feet.
Feet.
week.
Average thermometer 97, highest 55, lowest 76.
New Orleans
Above zero of gauge. x
4.6
4.2
Above zero of gauge.
7.6
8.1
Oklahoma, Oklahoma.—There has been rain on one day Memphis.
Nashville
Above zero of gauge.
9.8
7.2
during the week, the precipitation being six hundredths of Shreveport
Below zero of gauge.
4.0
4.1
an inch.
The thermometer has averaged 71, the highest Vicksburg
Above zero of gauge.
7.2
8.7
being 94 and the lowest 48.
DOMESTIC
EXPORTS
OF
COTTON
MANUFAC¬
Columbus, Mississippi.—It has rained on two days of the TURES.—We give below a statement
showing the exports of
week, to the extent of seventy-five hundredths of an inch. domestic cotton manufactures for July and
for the seven
The thermometer has averaged 80, ranging from 61 to 99.
months ended July 31 1910, and, for purposes of comparison,
Meridian, Mississippi.—There has been rain on one day like figures for the corresponding periods of the
previous
during the week, the rainfall being twenty-six hundredths of year are also presented:
an
inch.
The thermometer has ranged from 62 to 92,
averaging 77.
Month ending July 31. 7 Months ending July 31.
Quantities of Manufactures of
Cotton (colored and uncolored)
Vicksburg, Misissippi.—Rain has fallen on three days of
1910.
1909.
Exported to—
1910.
1909.
the week, the rainfall being eighty-one hundredths of an inch,
United Kingdom
Average thermometer 76, highest 91, lowest 65.
136,993
yards
181,559
959,482
1,163,503
1,223,717
800,205
6,720,90'
5,443,203
Eldorado, Arkansas.—We have had rain on one day of the Canada
Central American States and British
week, the rainfall being thirty-nine hundredths of an inch.
Honduras
2,726,743 2,293,950 12,508,115 17,335,117
The thermometer has averaged 78, the highest being 97 and Mexico
139,982
123,165
1,103,845
1,145,681
Cuba
1,299,247
the lowest 59.
Fort Smith, Arkansas.—There has been rain on two days
the past week, the rainfall reaching five hundredths of an
inch.
The thermometer has averaged 77, ranging from
60 to 94.
Helena, Arkansas.—Some claim that there is more cotton
this year than last. There has been no rain
during the week. The thermometer has ranged from 60
to 91, averaging 74.6.
Little Rock, Arkansas.—Rain on two days of the week, to
the extent of one inch and sixty-one hundredths.
Average
thermometer 77, highest 92, lowest 61.
Dyersburg, Tennessee.—We have had no rain during the
week.
The thermometer has averaged 74, the highest being
in this county
91 and the lowest 57.
Memphis, Tennessee.—Rain has fallen on two days of the
week, the rainfall being seventy-eight hundredths of an
inch.
The thermometer has averaged 76, ranging from 60
to 91.
Nashville, Tennessee.—Picking is general, but the crop is
days late. It has rained on five days of the week, the
precipitation reaching thirty-five hundredths of an inch.
The thermometer has ranged from 60 to 92, averaging 76.
Mobile, Alabama.—Rain on four days of the week to the
extent of fifty-eight hundredths of an inch.
Average ther¬
mometer 80, highest 91, lowest 68.
Montgomery, Alabama.—Weather ideal for gathering
crops.
It has rained during the week to only an inappre¬
ciable extent.
Thq thermometer has averaged 78, the
highest being 90 and the lowest 65.
Selma, Alabama.—Rain has fallen on two days of the
week, the rainfall being thirty-five hundredths of an inch.
The thermometer has averaged 77, ranging from 65 to 90.
Thomasville, Alabama.—We have had rain on two days
during the week, the precipitation reaching fifty-six hun¬
dredths of an inch.
The thermometer has ranged from
61 to 91, averaging 76.
k
\
Madison, Florida.— There has been rain on one day during
the week; to the extent of twenty-one hundredths of an inch.
Average thermometer 78, highest 91, lowest 65.
'
~
Tallahassee, Florida.—It has been dry all the week. The
thermometer has averaged 78, the highest being 87 and the
Other West Indies and Bermuda
Chile
Colombia
Other South America
Aden
Chinese Empire
British East Indies
British Oceania
Philippine Islands
Other Asia and Oceania
Other countries
Total yards of above
Total values of above.
Value per yard.
Atlanta, Georgia.—There has been rain on two days of the
past week to the extent of; thirty-six hundredths of an inch.
The thermometer has averaged 76/ranging from 64 to 87,^
Augusta, Georgia.—Rain ^as fallen on one day during the,
week,; the rainfall; peaching thirty 'hundredths of an Inch,,
The thermometer has ranged from 63 to 86, averaging 75.;
^
*
5,126,512 13.624,363
19,211,809 24,026,834
5,499,794
5,378,291
9,711,262
9,455,440
8.995,528 11,975,700
4,824,250 12,972,050
46,431,650 110,141,920
4,935,161
6,617,663
4,186,494
4,777,597
28,960,853
6,365,136
1,115,863
1,604;385
4,688,008
8,747,043
26,702,910 31,866,628 164,979.531 240,753,916
51,871,978 $1,929,216 $11,168,966 $14,304,973
8.0700
$0,605
$.06771
$.0594
Value of Other
Manufactures
of Cotton Exported—
Wearing Apparel—
Knit goods
All other
$193,856
375,836
$92,369
293,988
$749,479
2,878.833
$472,035
2,288,416
Total
$569,692
$386,357
$3,628,312
$2,760,451
$270,125
32,977
$196,709
28,155
288,071
$2,128,279
297,217
2,605.258
$1,143,088
Waste, cotton
Yarn
All other
358,311
Total manufactures of
ten
lowest 68.
.
1,625,065
2,198,475 3,433,550
501,966
904,592
1,170,715
855,343
997,983 1,908,051
1,010,700
112,500
10,897,533 15,188,956
390,634 1,455,600
750,141
689,012
1,998,134
2191905
198,639
1,040,042 2,096,441
HAND
BOOK
280,235
2,082,473
$3,103,083 $2,828,508 $19,828,032 $20,571,220
FOR
DAILY
CABLE
RECORDS, OF
AMERICAN, EAST INDIAN, EGYPTIAN AND BRA¬
ZILIAN COTTON STATISTICS, &c.—The fortieth annual
issue of the “Hand Book for Daily Cable
Records,” issued
by Comtelburo, Limited, of London, Liverpool and New
York, has reached us this week. While no new features
have been added to this issue, the
publication, as heretofore,
is very comprehensive in
character, and is consequently a
The book contains, of
very valuable book of reference.
course, the usual very full statistics of the American, East
Indian, Egyptian, Russian and Brazilian crops, the pages
being so arranged that the daily and weekly figures for this
year as received can be inserted side by side with those for
the previous year.
It will be found
on
sale at the office of
Comtelburo, Limited, 16 Beaver Street, New York^
PORTO
RICO COTTON, CROP.—The production, of
(Sea Island) in Porto Rico in 1909-10 showed a further
falling off, the total exports having been only 3J7, bale% as
against 488 bales in 1908-09. The crop was qf course very
materially less than in either 1905-06 or 1904^-05^.’;v As a
matter of record, we give below the statistics for ttye
Jjistfivt
cotton
seasons as
secured from official sources:
1909-10. 1908-09.! 1907-08.
Bales. : * Bales.'
Bales.
Exported, to—
To New York, Ac...
Td&reat Britain & Content
h
,
ULcu-iiS so fcrJSLiuJt
1_ i'.
*1 "317
Total weight, pounds. ___i_lll,.710
Average weight per bale
352.40
crop
_
.
t
1906-07 *%1905-06
Bales. :*n Bales
'
488:;f''
* —
638 ; J
174,309 0236,11*
357.19
/|»| j /i f,43l
587)$QJ
441.5.4;
890
THE CHRONICLE
[VOL.
WORLD’S SUPPLY AND TAKINGS OF COTTON.
Thu
Since
Week. Sept. I.i
Export* (bales)Cotton Takings.
Week and Season.
1910.
Week.
.
..
*
To
To
Season.
16,000
4,000
2.107,920
2,770,965 2,717,784
3,514,742
1,890,305
1,890,305 2,493,029
2,493,029
493,764
8,000
6,000
18,000
20,000
37,000
19,000
217.624
146.624
71,000
...
880,660
659,660
221,000
224.755
200.755
24,000
1,021,713
848,713
173,000
INDIA COTTON MOVEMENT FROM ALL PORTS.
1910.
Receipts at—
1909.
Since
Week.
Bombay
5,000
18,000
1,000
1,0^0
2.000
9,000
1908
Calcutta—
Great
Britain.
2,000
2,666 4,000
8,000 17,000
1,000
1,000
Japan
nent.
A China.
39,030
15,000
29,000
1,000
1,000
1908.....
All others—
1910
1909
1908
Total all1910
1909
1908
1,666
1,000
2.000
6,000
5,000
3,000
6,000
5,000
5,000
2,666
2,000
15,000
20,000
26,000
8,000
10,000
8,000 27,000
1,000
4,000
4,000
59,000
41,000
64,000
4*.000
43,000
2,000
5,000
6,000
4,000
2*666
8,000
14,000
2,000
4,000
5,000
1,666
7,000
8,000
16.000
48,063
24,000
1,000
3,000
1,030
8 003
3,000
3,000
5,000
1,000
....
Toted.
3,000
2,000
4,000
1,666
1909,
22,000
1,000
15,000
22.000
30,000
2,000
8,000
9,000
68,000
54,000
84,000
16,000
EXPORTS OF BREADSTUFFS, PROVISIONS, COT¬
TON AND PETROLEUM.—The exports of these articles
during the month of August, and the eight months for the
past three years have been as follows:
Exports
from U. S.
Quantities.
1910.
1909.
August.
8 Months..
2,062,046
612,673
11,364,135 5,805,495
4,560,435
587,927
August.
1908.
8 Months.
August.
8 Months.
■
Wheat, .bush.
Etour.__bbls_
19,508,600 11,808,106 54,072,252
5,084,484 1,008,864
8,282,105
Wheat * bush.
4,819,074 31,886,092 8,451,167 42,388,778 16,347,994 91,342,725
Com...bush. 1,775,953 24,880,490
784,024 24,218,724
357,939 25,277,049
Total bush.
6,595,027 56,766,582 9,235,191 66,607,502 16,705,033 116,619,774
■
Values.
WheatA flour
Com and meal
Oats and meal
Barley
Rye
8
8
5,176,165 35,180,719
1,308,602 17,678,275
43,191
865,283
374,590
1,103,653
2
13,815
8
$
S
%
9,616,331 47,821,148 16,595,387 92,100,638
674,719 18,212,428
378,237 17,551,007
58,708
771,994
38,313
840,326
440,410
1,490,612
406,267
1,427,861
46,925
211,830
92,767
1,641,348
Breads tufts. 6,902,550
Provisions
10,554,381
Cattle A hogs.
571,121
Cotton
19,167,248
54,841,745 10,837,093 68,508,012 17,510,971 113,561,180
72,906,678 9,595,163 94,223,134 10,256,014 109,866,331
5,177,307
895,949 10,252,241 1,321,500 17,414,873
192,184,783 7,162,723 193,479,004 8,932,687 212,690,389
Petroleum, Ac 8,475,977 60,016,376 7,630,948 65,480,276 8,801,299 71,510,834
._
Total value
*
45,671,277|385,126,889 36,121,876 431,942,667 46,822,47l!525,043,607
Including flour reduced
to bushels.
Note.—All the above figures are based on the monthly
preliminary returns Issued
by the Bureau of Statistics, and cover about 96% of the total exports.
MANCHESTER
MARKET.—Our
received
report
by
cable to-night from Manchester states that the market is
firm for both yarns and shirtings.
The demand for both
home trade and foreign markets is
improving.
prices for to-day below and leave
of this and last year
those for
for comparison:
1910.
—
to
finest.
84 lbs. Shirt¬
ings, common
to finest.
32s Cop
Twist.
Upl's
.
d.
d.
s.
d.
s.
d.
d.
d.
d. s. d.
Aug
12
19
26
10 H
104
104
@
@
@
114 5
114 5
114 5
6
6
10 H
@
114 5
6
@10 74
@10
74
64 @10 8
Sept
2
9
16
23
30
104 @
114 5
104 @ 114 5
10 9-16 @115-16 5
104
@115-1615
@10
54@10
6
@10
6
@10
6
@10
8
74
74
74
74
8.31 9
@
8.26 94
@
8.14 9 3-16 @
7.97 9 5-16 @
8.03 9 7-16 @
7.98 94
@
7.82 94
@
7.61 94
@
94 4 10 @9
94 4 104@9
94 4 11 @9
10
5
104 5
104 5
104 5
104 5
0
1
@9
@9
14@9
2
@9
3
@9
s.
d.
Upl’s
d.
2
3
4
6.72
5
6
6
74
6.88
6.83
6.93
7.31
9
7.29
6 67
6.73
Alexandria, Egypt,
1910.
1909.
155,000
275.257
110,000
206,921
1908.
0,500
2.7501
11,207
1,500
4,000
8,608
4,500
400
14,419
1,649
a'.ooo
22,047
8,000
25,176
3,000
8,250
1,500
13.451
500
700
18.901
Egyptian bales weigh about 750 lbs.
The statement shows that the
receipts for the week were
155,000 cantars and the foreign shipments 2,750 bales.
SHIPPING NEWS.—As shown on a previous
page, the
exports of cotton from the United States the past week have
reached 253,142 bales. The
shipments in detail, as made
up from mail and telegraphic returns, are as follows:
' '
•
„
NEW YORK—To
Total bales.
■
Liverpool—Sept. 23—Arabic, 7,045
Manchester—Sept. 24—Canning, 1,180
To London—Sept. 23—Mesaba, 50...
To Havre—Sept. 24—Mexloo, 3,430
To Bremen—Sept. 23—Rhein.
5,440...Sept. 28—Friedrich,
7,045
l,180
To
50
3,430
3,399
To Hamburg—Sept. 23—Cincinnati, 89
To Antwerp—Sept. 23—Finland. 1,400
To Copenhagen—Sept. 28—United
States, 28.
To Genoa—Sept.
23—Prinzess Irene.
2,852...Sept. 28—
Lulsl&na, 500
To Naples—Sept. 23—Prinzess Irene, 550
To Leghorn—Sept. 23—Calabria, 200.
GALVESTON—To Liverpool—Sept. 28—Indore, 18,901
.Sept. 28
8,848
80
1,400
28
3,152
550
200
__
22,711
To Manchester—Sept. 28—Asuncion de
Larrinaga, 12,834
To Havre—Sept. 28—Mlneola, 12,959...
To Bremen—Sept. 23—Frankfurt, 13,347; St.
Hugo, 4,813...
To Hamburg—Sept. 27—La Plata, 3,473
To Barcelona—Sept. 27—Val Sallee, 1,786
To Genoa—Sept. 27—Val Sallee, 6,146
PORT ARTHUR—To Bremen—Sept.
30—Teesbridge, 6,857.
TEXAS CITY—To Liverpool—Sept.
28—Louisianian, 6,490
NEW ORLEANS—To Liverpool—Sept. 27—Cestrian.
17,000
To Antwerp—Sept. 30—Dottlngen, 806
To Genoa—Sept. 26—Agnelio Ciampa,
2,220...Sept. 30—
Soperga, 3,038
To Naples—Sept. 30—Soperga, 400
_«■
MOBILE—To Liverpool—Sept. 24—Domlra, 2,029
SAVANNAH — To Liverpool—Sept. 24—Alexandria.
6,880
_
39,812
12,834
12,950
18,180
3,473
1,766
6,146
6,857
6,490
17,000
806
5,258
400
2,029
Sept. 28—Wanderer, 9,204
16,084
To Manchester—Sept. 24—Alexandria, 700
700
To Havre—Sept. 26—Grampian Range, 6,458
Sept. 29
Glen Eden, 9,757
16,215
To Bremen—Sept. 29—Blrchtor, 4,620; Jeanara, 3,452._____
8,072
To Gothenburg—Sept. 29—Jeanara, 850
85
To St. Petersburg—-Sept. 29—Jeanara, 700
700
To Malmo—Sept. 29—Blrchtor, 100
100
To Gefle—Sept. 24—Alnwick, 200
200
To Trieste—Sept. 29—Castle Eden. 200.
200
To Barcelona—Sept. 29—Castle Eden, 1,900
1,900
To Genoa—Sept. 29—Castle Eden, 1,400
1,400
BRUNSWICK—To Liverpool—Sept. 28—Memphian, 7,348
7,348
To Bremen—Sept. 28—Glenesk, 4,150
4,150
CHARLESTON—To Bremen—Sept. 20—Pola, 6,000
6,000
WILMINGTON—To Liverpool—Sept. 28—Kildale, 14,495
14,495
BOSTON—To Liverpool—Sept. 27—Ivernla, 4,616
Sept. 28—
Wlnlfredlan, 2,299
6,915
To St. John—Sept. 26—Calvin Austin, 564
564
BALTIMORE—To Liverpool—Sept. 23—Ulstermore, 2,191
2,191
To Havre—Sept. 23—Mobile, 500
500
To Bremen—Sept. 28—Neckar, 1,498
1,498
PHILADELPHIA—To Genoa—Sept. 27—Ancona, 1,000.
1,000
SEATTLE—To Japan—Sept. 19—Minnesota, 348
Sept. 27—
Tamba Maru, 352
700
SAN FRANCISCO—To Japan—Sept. 27—Manchuria, 700
700
Total
.253,142
The exports to Japan
from Pacific ports.
since Sept. 1 have been 3,590 bales
Cotton freights at New York the past week have been
follows, quotations being in cents per 100 lbs.:
Liverpool
Manchester
Havre
Bremen
Hamburg
Antwerp
Ghent, via Antwerp
Reval
Gothenburg
Barcelona, direct
._
Genoa
Trieste
Japan
Sat.
25
15
22 4
25
20
20
26
25
25
30
20
35
45
Mon.
25
15
22 4
25
20
20
26
25
25
30
20
35
45
Tues.
25
15
22 4
25
20
20
26
25
25
30
20
35
45
Wed.
25
15
22
25
20
20
26
25
25
30
20
35
45
Thurs.
25
4
15
22 4
25
20
20
26
25
25
30
20
35
45
as
Fri.
25
15
22 4
25
20
20
26
25
25
30
20
35
45
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, <fcc., at that port:
Sept. 9,
Sales of the week..
bales. 52,000
Of which speculators took..
1,000
Of which exporters took
1,000
Sales, American
44,000
Actual export
1,000
Forwarded
62,000
Total stock—Estimated
299,000
Of which American
216,000
Total Imports of the week
30,000
Of which American
23,000
Amount afloat
67,000
Of which American
41,000
Spot.
Market,
1
12:15
P. M.
)
J
Mid.
Upl’ds
Sales
Spec.Aexp.
55,000
108,544
Saturday.
Monday.
Tuesday.
Dull.
Steadier.
Irregular.
Sept. 16.
24,000
l'.ooo
18,000
4,000
48,000
276,000
198,000
29,000
23,000
100,000
74,000
Sept. 23.
Sept. 80.
30,000
1,000
1,000
25,000
1,000
51,000
33,000
1,000
1,000
26,000
3,000
46,000
275,000
197,000
53,000
46,000
246;000
210,000
271,000
190,000
48,000
35,000
148,000
109,000
for spots and futures
daily closing prices of
Dull
Quiet.
Friday.
Quiet.
7.79
7.78
7.69
7.62
7.61
3,000
6,000
6,000
6,000
300
5,000
200
5,000
200
200
300
300
pts. dec.”
Steady at Irregular at Steady at Irregular at B’ly sty. at
4@5 pts. 14 ptadec. 5@6 pts.
6@8 pts. 4 pt.dec.to
advance.
to 4pt.adv advance.
decline.
14pts.adv.
opened
J
Market
1 Barely sty. Steady at
at 74@10 74@14
J pts. dec.
advance.
P. M.
Wednesday. Thursday.
7.71
Futures. Barely sty.
Market
1 at 6@7
The
Receipts (cantars)—
This week
Since Sept. 1.
This
Since
Week. Sept. 1.
Cot’n
Mid.
ALEXANDRIA RECEIPTS AND SHIPMENTS.
September 28.
This
Since
Week, Sept. 1.
The tone of the Liverpool market
each day of the past week and the
1909.
84 lbs. Shirt¬ Cot’n
ings. common Mid.
32s Cop
Twist.
We give the
previous weeks
2,750
Note.—A cantar Is 00 lbs.
—Iowa,
Conti¬
1910
1909
1908
Madras—1910
1 Sept. 1.
7,0001
Since September 1.
Great
Conti¬ Japan
Britain. nent. & China Total.
Bombay—
1910
MOO
16.0001
Since
{
Week.
Sept. 1.
8,000
For the Week.
Exports
from—
1908.
Since
Week.
Sept. 1.
2,750
Total exports.
Embraces receipts la Europe from Brasil, Smyrna, West Indies, Ac.
September 29.
Liverpool
Manchester
To Continent
To America
2,190.020
1.495.514
1,181,451
1,931,022
1,499,720
15,000
30,000
27,000
12,000
Deduct—
Visible supply Sept. 30
Total takings to Sept. 30
Of which American
Of whlcta others
Week.
Season.
Visible supply Sept. 23.
1,581,606
Visible supply Sept. 1
American In sight to Sept. 30..
484,323
Bombay receipts to Sept. 29...
5,000
Other India snlp’ts to Sept. 29.
6,000
Alexandria receipts to Sept. 28.
21,000
Other supply to Sept. 28*
10.000
Total supply
1909.
LXXXXI
Quiet at 6 Steady at 8 Firm at 9 Unsettled
pts. dec. to pts. dec. to pts. dec. to at 7@84
5 pts. adv. 144 nts.ad 1 4otaadv. Dt,«. adv.
prices of futures at Liverpool for each day are given
Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
below.
Ocx, 11910.!
The prices are
Sept. 24
given in pence and 100ths.
Sat.
Sept. 30.
12**
12**
p.m.
p.m.
Sept
Sept .-Oct.
Oct .-Nov.
Nov.-Dee.
Dec .-Jan
Jan .-Feb.
_
„
^
-
V
V
_
Feb.-Mch.
Mch.-Apr.
Apr .-May.
May-June
June-July
July-Aug.
t#
—
-
7
7
6
6
6
6
8
6
6
6
6
Thus: 7 CO
Toes.
Mon.
;
to
,
THE CHRONICLE
means 7 60-1 OOd.
Wed.
Thurs.
Fri.
12 X
4
12 Vi
4
12 H
4
4
12 X
4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
12H
74
68
69
23 H 25>*
19
01
06** 09
94** 99** 02
96 H 99
88** 91
88
91
96** 99
60
16
98
91
88**
90
90
90
88
16 86**
68
24
59
31
60
52
51
51
38
32*4 36*4 44
18
08>* 14** 21
21
27 H
03
10
16** 13*4 17*4 22*4
00
07** 14*4 11*4 15*4 21
00
11 *4 15*4 21
07** 14
08
91** 97
15
12
16
99** 01
22
01
92** 98**
02** 09** 16*4 13*4 18
23*4
92*4 98** 01
09>*
02?*
16*4 13*4 18
23*4
93
17
14
98** 01
02** 10
24
18*4
00
91** 97
01** 08** 15*4 12
17
22
98
00
07
14
89** 95
20
10*4 15
43*4
29**
25*4
23*4
23?*
FUTURES
Mon.
104** 104**
No. 2 red winter I.
b
Tues.
IN
...
1
September delivery In elevator
December delivery In elevator
May delivery In elevator.
Sat.
96 **
Mon.
96 ?*
99**
99**
105** 105**
Tues.
of quotations. Stocks at Chicago amount to 13,905,000 bushels, against 7,544,000 a year ago._ To-day prices
were again weaker, but more
especially on the distant de¬
liveries, which were offered somewhat urgently, owing
chiefly to the fine weather for corn.
26
26*4
25
23
Fri.
101** 101 **
101 ?*
104?*
108**
103 **
108**
CHICAGO.
Wed. Thurs. Fri.
95 ?*
95 **
94 **
93 **
98**
98 ?*
96?*
96
103** 104 ** 102** 102**
the condition of the crop throughout the greater
part of the rest of the belt. An ordinary frost, it is believed,
wrould do no particular harm, affecting the quality more
than the quantity.
Country dealers in the West have sold
corn freely.
The general opinion both here and in Chicago
is that prices are bound to decline further, owing to the exist¬
ing conditions of supply and demand. The crop is generally
expected to reach 3,000,000,000 bushels. Meantime there
is now and theii a better export
demand, as, for instance,
on the 28th inst., when the
export sales and cash business
for domestic account reached such
large proportions as to
attract attention.
Yet the December option in Chicago
has fallen during the week to the lowest price seen since 1907,
under the pressure of “long” liquidation for operators who
had waited in vain for a sharp rally on a possible frost scare
and a stampede of the short interest, which is admittedly
large. To-day prices again broke sharply. There was con¬
tinued pressure to sell, prompted by almost ideal weather
West. Temperature was comparatively high for the season
and the crop outlook is bright.
At the decline large short
accuracy
were
covering freely.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
Sat.
Mon. Tues. Wed. Thurs. Fri.'
Cast! corn
61 ?4
62
61
60
51*4
62*4
September delivery In elevator.... 62
62
62*4
61*4
61*4
December delivery In elevator
60
59 H
58
59*4
59*4
57?fi
May delivery In elevator
62 H
61 H
60 H
61 ?4
62*4
60*4
heavy liquidation, due to the usual sym¬
pathy with the corn market, have also declined. Prices
have touched the lowest point seen since last May.
Short
selling of an aggressive sort has contributed to the depression.
There has at times been a fair cash demand, but it was not
sufficient to act
Indian corn has declined steadily.
Not even reports of
frost extending down into Western Kansas have .had the
power to stay the downward movement.
The Iowa State
report’s statement that 85% to 90% of the crop in that State
is out of danger is supposed to describe with substantial
sellers
Oats under
much of
as
a
deterrent
the downward
on
sweep
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat.
Tues. Wed.
Mon.
Thurs.
Fri.
No. 2 white.
39**
39’*
39*4 39**
39
38*4
White clipped. 34 to 33 lbs.40-43 ** 40-43** 40-43 40-43 39 **-42 39-42
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
September delivery In elevator
33 *4
32?*
32 H
31?*
31*4
December delivery In elevator
34**
34 %
33 %
33**
32**
32?*
May delivery In elevator
37?*
37*4
36 **
36 H
35?*
35*4
The
following
closing quotations:
are
Winter. low erodes
4 10
5 50
5 00
4 40
Spring straights
Spring dears
Wheat, par bushel—
N. Spring, No. 1
N. Spring, No. 2
bushel,
per
...
Rye,
00
90
25
Cents.
80
59*4
Nominal
bushel—
per
38*4
No. 2 Western
f.o.b.
State and Jersey
38*4
37*4
Barley—Malting
Feeding, e.l.f., N. Y__
Cents.
new—
Standards
No. 2 white
No. 3 white
90
00
75
per bushel—
No. 2 mixed
.dev.
No. 2 mixed
f.o.b.
No. 2 white
f.o.b.
$1 20
118
1 01J*
1 05 ?*
Red winter. No. 2
Hard winter. No. 2
Oats,
FLOUR.
Kansas straights, sack.34
Kansas dears, sacks
4
City patents
5
Rye flour
4
Graham flour
3
Corn meal, kiln dried.. 3
ft 25
6 00
4 50
Winter patents
Winter straights
Winter dears
Spring patents....
Nominal
Nominal
73 @ 77
Nominal
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river
since August 1
ports for the week ending last Saturday and
for each of the last three years have been:
Flour.
Receipts at—
Wheat.
Com.
Oats.
Barley.
Rye.
bbls.imbs. bush. 90 lbs. bush, 66 lbs. bush. 32 lbs. bush.48lbs. bu.56 lbs.
Chicago
198,931
640,600
2,803,750
1,350, 000
508,500
21,000
Milwaukee..
66,850
161.590
423,750
343, ,400
438,100
14,260
Duluth.....
12,065
1,227,827
62,831
31, ,356
442,338
1,684
Minneapolis.
3,208,750
117,150
898, 350
708,920
49,500
Toledo
48.000
80,000
72, ,000
Detroit
1,513
62,697
11.355
50, 261
Cleveland
1,712
27,235
65,718
177, ,037
St. Louis...
60,820
647,863
384, ,385 i
237,335
21,000
2,200
Peoria
116 ,800 I
64,600
26,000
323,250
51,437
Kansas City.
154 ,700
205,200
1,581,400
....
_.
.....
Total wk. '10
Same wk. '09
Same wk. '08
Since Aug.
1910
1909
1908
406,491
657,188
579,402
7,894,122
10,374,833
12,678,388
4.058,179
3,603,500
2,822,728
2,895,707
3,950,016
3,541,512
67,040,564
57,585,497
62,682,776
30,656,665'
1
Total receipts
the week ended
NEW YORK.
Wed. Thurs.
103
103**
104?* 104?* 103** 103**
107?* 107** 106** 106**
112
111?* 110** 110**
DAILY CLOSING PRICES OF WHEAT FUTURES IN
o.
September delivery
December delivery.
May delivery
.
26
.
Sat.
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
September delivery In elevator...
53 ^
53?* 52?* 52** 51?* 491*
December delivery In elevator
51H
50 ?*
51**
50**
49?* 43*4
May delivery Id elevator
54 **
54 **
53 %
53 % 52 ?* 51 ?*
24
BREADSTUFFS.
Friday Night, Sept. 30 1910.
Flour has latterly been for the most part steady, but the
trade has been on only a moderate scale. Buyers, indeed,
still pursue a hand-to-mouth policy in their purchases, owing
to the recent sharp fall in the price of wheat and an idea that
a decline in quotations for flour can be
only a question of
time.
In the meantime quotations of not a few descriptions
are in reality largely nominal, owing to the practical deadlock
between buyers and sellers.
Wheat has continued its downward course, owing largely
to very favorable weather in the West and rather large
re¬
ceipts at Some interior points. Rallies have naturally oc¬
curred from time to time,both at home.and abroad,but they
have given the impression of merely temporary upturns in an
essentially weak market. Prices in the Northwest have been
falling. Very prominent interests in Chicago have been large
sellers.
Russia and Argentina seem to have offered wheat
freely in the European markets at cheap prices, and the effect
in this country has been plainly apparent.
Favorable crop
advices have been received from Argentina, India and Aus¬
tralia.
The world seems to have bountiful crops.
Meantime
the export demand in this country is light.
European mark¬
ets have been noticeably depressed.
The European visible
supply increased last week no less than 4,596,000 bushels,
and the increase in the total world's available supply reached
the imposing aggregate of 9,813,000 bushels, as contrasted
with an increase during the same week last year of 5,752,000
bushels.
On the other hand, there appear to be some signs
of a decreasing movement of the crop in some sections of
the belt, and it is noticed that cash premiums are well main¬
tained
Lighter country offerings are reported in dispatches
from Kansas City.
No. 1 Northern in Minneapolis is about
lj^c. over December. Millers in France are making deter¬
mined efforts to have the duty on wheat reduced or sus¬
pended. The Italian crop is officially placed at 153.304,000 bushels, or 40,000,000 less than that of last year.
But
the predominance of Bearish factors during the week is a
Tact beyond controversy.
Supplies are so far in excess of
the demand that prices have naturally drifted downward.
It is remarked that most of the large interests at Chicago look
for still lower prices.
To-day there was a trivial rally., fol¬
lowed by a further appreciable decline.
There was a de¬
cided pressure to sell, prompted by the excellent weather
for corn and the continued dulness in the export trade.
DAILY CLOSING PRICES OF WHEAT
891
Philadelphia
Baltimore.
Richmond
New Orleans *
.
.
.
.
52,187,128 9,546,187 1,297,866
26,624,088 37,835,376 12,186,257 1,641,873
21,583,396 . 37,788,849 20,783,282 1,674,711
Flour,
Wheat,
Com,
Oats,
bbls.
Barley,
bush.
Rye,
bush.
bush.
bush.
bush.
221,500
39,193
159,583
141,681
21,184
66,600
216,000
31.0OT
41,615
59,208
26,000
213,600
349,225
83,004
75,460
59,905
36,000
86,500
35,575
1,150
1,000
50,000
7,000
6,500
106,997
73,058
19,335
Newport News
Norfolk
Galveston
Mobile
Montreal
5,878,878
88,644
205,598
278,789
209,221
36,470
60,430
2,800
.
2,170,295
3,318,850
4,799,927
of flour and grain at the seaboard ports for
Sept. 24 1910 follow:
Receipts at—
New York
Boston
3,578,289
4,205,551
800
18,969
2,986
4,504
357
I
.
' 1,755
47i647
340,332
1,000
.....
346,629
37,521
Total week 1910.
455,577 1,040,073
73,096
707,929 1,036,723
Since Jan. 11910. 12,822,261 49,826,963 29,707,762 36,619,348 2371,888
Week 1909
475,268 2,197.858
445,251
922,074
26,507
Since Jan. 11909.11,239,195 54,707,913 31,456,120 34,842,794 4316,641
*
on
25,905
593,460
14,831
706,674
Receipts do not Include grain passing through New Orleans for foreign ports
through bills of lading.
The exports from the several seaboard ports for the week
ending Sept. 24 1910 are shown in the annexed statement:
Exports from,—
New York
Boston
Philadelphia
Baltimore
New Orleans
Wheat,
Com,
Oats,
Rye,
bush.
bush.
bbls.
bush.
bush.
5,001
45,950
172,000
40,000
46,337
46,033
9,977
15,000
9,866
26,000
4,504
2,000
1,755
31,000
12,180
460
37,000
Newport News
Galveston
Mobile.
Montreal
Norfolk
Total week....
Week 1909.
424*000
6,500
161,000
Flour,
Peas,
Barley,
bush.
bush.
1,911
20
400
.....
.
.
»
.
.
.....
17",666
357
686,951
1,706,048
251,297 146,492
91,713 222,984
The destination of these
July 1 1910 is
as
12,600
49,081
17,000
1,911
235
exports for the week and since
below:
■Flour
W heat
ComSince
Since
Since
Week
July 1
Week
July 1
Week
Exports for week and Sept.24.
since July 1 to—
bbls.
United Kingdom... 87,608
Continent
24,888
Sou. & Cent. Amer. 12,467
West Indies
19,541
Brit. Nor. Am. Cols.
1,452
536
Other Countries
1910.
bbls.
Sept. 24.
1910.
bush.
Sept. 24.
bush.
bush.
692,666
264,937
210,556
261,372
24,358
426,000
255,950
6,236,785
3,343,192
798,428
304,378
5,001
78,969
1,110.494
5^000
161,000
35,705
26,200
26,792
1,000
600
146.492 1,475,245
686,951 9,663,946
222,984 1,807,376 1,706,048 10,888,962
251.297
91,713
2.557,215
1.435.312
Total
Total 1909
81,356
bush.
'
‘
^ ^ ^
^
July 1
1910.
332,326
5,000
6,589
89S
THE CHRONICLE
The world’s shipments of wheat and corn for the week
ending Sept. 24 1910 and since July 1 1910 and 1909 are
shown in the following:
Wheat.
■
Com.
J
•
Exports.
1910.
Week
1909.
Since
1910.
Since
Week
-
.
1909.
Since
Since
Sept. 24.
July 1.
July 1.
Sept. 24.
July 1.
July 1.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
North Amer. 1,686.000
Russian
6,544,000
17,915,000
53,480,000
Argentine
1,608.000 13.792,000
Danubtan
4,136,000 30,872.000
Indian
864,000 14,880,000
Australian..
840,000
8.288,000
Oth. countr’s
496.000
2,054,000 J
26,945,000 204,000
42,480,000
34,000
11,480,000 3,834,000
7,512,000 264,000
f
..
}22,652,000
3,192,000
2.464,000
40,464,000
8,741,000
1,385,000
5,110,000
37,590,000
6,409,000
54,861,000
50,494,000
1
Total.... 16154000 141,281,000 111,069,000 4,336,000
a?
The quantity of wheat and corn afloat for
mentioned
follows:
was as
1
Wheat.
i.
24
17
25
26
28
dates
United
Continent.
Total.
Bushels.
Bushels.
18,560,000
18,640,000
10,640,000
13,440,000
16,88Q,000
21,840,000
20,240,000
12,080,000
14,640,000
14,080,000
Kingdom.
Bushels. - Bushels.
40,400.000 11,135,000
38,880,000 10,710,000
22,720,000 7,990,000
28,080,000 6,120,000
30,960,000 6,680,000
Continent.
Bushels.
9,435,000
9,690,000
7,055,000
5,525,000
3.840,000
Total.
Bushels.
20,570,000
20,400,000
15,045,000
11,645,000
10,520,000
*
;
1
-*7
The visible supply of grain,
comprising the stocks in
at principal points of accumulation at lake and
seaboard ports Sept. 24 1910, was as follows:
granary
AMERICAN GRAIN STOCKS.
Wheat,
Com,
Oats,
New York
Boston
.
Philadelphia
.
Baltimore
New Orleans
Galveston
Buffalo
Totedo
"
afloat
Detroit
.
.
.
.
.
Chicago
.
Milwaukee
Duluth
_
.
Minneapolis..
St. Louis
TTanmui
.
...........
.
City
.
Peoria
Indianapolis
.
On Lakes
On Canal and River..
.
.
hush.
bush.
Rye,
bush.
Barley,
bush.
1,599,000
219,000
52,000
18,000
207,000
143,000
5,000
566,000
48,000
bush.
502,000
6,000
93,000
853,000
1,000
16,000
100,000
37,000
1,000
1,647,000
575,000
26,000
18,000
221,000
162,000
499,000
329,000
101,000
197,000
215,000
268,000
30,000
186,000
1,268,000
125,000
159,000
7,503,000
362,000
760,000
2,793,000
607,000
220,000
1,875,000
192,000
273,000
439,000
28,000
1,000
327,000
1,373,000
54,000
215,000
1,904,000
1,615,000
97,000
187,000
8,532,000
381,000
3,210,000
6,289,000
2,109,000
4,301,000
12,000
670,000
701,000
666,000
Total Sept. 24 1910. .32,243,000
4,638,000 18,860,000
Total Sept. 171910. .29,207,000
3,850,000 18,423,000
Total Sept. 25 1909. .16,460,000
2,360,000 11,792,000
CANADIAN GRAIN STOCKS.
Wheat,
Corn,
Oats,
Montreal
Fort William
Port Arthur
Other Canadian
_
.
.
.
Total Sept. 24 1910.
Total Sept. 17 1910.
Total Sept. 251909.
.
.
.
American
Canadian
Total Sept.
Total Sept.
Total Sept.
Total Sept.
Total Sept.
51,000
805,000
326,000
12,000
-----
212,000
108,000
319,000
290,000
407,000
1,836,000
1,379,000
3,010,000
Rye,
Barley,
bush.
bush.
bush.
99,000
693,000
46,000
99,000
116,000
693,000
258,000
224,000
46,000
48,000
59,000
bush.
1,588,000
1,270,000
555,000
62,000
SUMMARY.
Com,
WOOLEN
market
5,259
185,080
1,380
784
* 155,321
809
12,507
3*335
23,024
...
500
659
23
11,080
30,612
1,218
211
292
10,365
30,000
14,059
8,232
301,258
266
Oats,
Rye,
wear
and
and
generally firm
prices. Linens of all descriptions ruled active for both
near-by and spring delivery and in some lines prices show an
upward tendency. Burlaps moved in fair volume, with
prices firm at 3.40c. to 3.45c. for light-weights and 4.40c.
for 103^-ounce.
Importations and Warehouse Withdrawals of Dry Goods.
The
importations and
at this port
Jan. 1 1910,
08
•
o
£
bush.
c
1,836,000
46,000
a
24 1910. .36,441,000
17 1910. .32,497,000
25 1909. .22,150,000
261908. .29,924,000
281907. .43,750,000
4,737,000
3,986,000
2,422,000
3,527,000
19,553,000
18,681,000
12,016,000
6,629,000
3,799,000
5,507,000
319,000
290,000
407,000
822,000
1,882,000
1,427,000
3,069,000
5,338,000
* * co * ©
o m CO CS CS
oo cs as
00 os
00 co
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© * *•» « ©
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zl 7; «
bush.
warehouse withdrawals of dry goods
for the week ending Sept. 24 1910 and since
and for the corresponding periods of last year
follows:
*2
319,000
rt
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In staple lines business
has been moderate in volume and scattered,
mostly for
immediate shipment to replenish depleted
stocks, and more
or less irregularity in prices is still in
evidence; demand for
certain spring specialities, however, has been well main¬
tained, and on these, as well as other goods for forward
delivery, sellers continue firm. Among jobbers and retailers
trade in seasonable lines was of fair
proportions, and,as for
some time past, the call for
prompt deliveries was a con¬
spicuous feature. The primary market failed to reflect any
material increase in activity; in this division
also, with the
exception of the call for spring specialties, orders have been
for the most part confined to small lots to meet
urgent
needs, buyers showing no disposition to anticipate to any
extent, while selling agents are quietly awaiting develop¬
ments.
In some other textile lines more
activity developed.
The call for silk piece goods,, for instance, both for immediate
and spring delivery, showed an expansion, and some
special¬
ties also have moved in better volume;
complaints, how¬
ever, are still heard over the narrow margin of profits, and
competition for business is still keen. In the men’s wear
market heavy-weight lines have been in good
request, with
a scarcity of
goods available for immediate delivery reported
in some quarters, while demand for
spot dress goods in¬
creased materially.
KfDOMESTIC GOTTON GOODS.—The exports of cotton
goods from this port for the week ending Sept. 24 were 5,259
packages, valued at $325,798, their destination being to the
points specified ia the tables below:
/
men’s
FOREIGN
DRY
GOODS.—Imported woolens
worsteds have been in moderate
request. In silks
ribbons business continued of fair volume at
bush.
Friday Night, Sept. 30 1910.
the
fancy cheviots.
Barley,
Conditions generally in cotton goods markets show little
in
quantities desired. Worsted fabrics have been in better
request than woolens. Dress goods for fall displayed more
activity, with urgent requests for deliveries that were held
up during the strike of cutters’ employees, while new orders
for immediate shipment were also
placed by the cutting
trade; the demand has run largely to voiles, broadcloths and
bush.
THE DRY GOODS TRADE.
feature
and tailors to the trade, have been in the market also for
additional supplies, but, owing to the well cleaned
up con¬
dition of the market, it has been difficult to secure the
18,860,000
693,000
633,000
GOODS.—The
the increased
demand, chiefly from wholesale
clothiers, for desirable heavy-weight fabrics for immediate
and nearby shipment.
Other consumers, such as jobbers
was
►
50
! 300
150
800
57
308
266
354
57.051
0,813
0,936
5,533
21,354
1,400
0,058
34,237
34,351
38
...
mills are said to be well situated in the matter of forward
business booked.
Colored cottons, such as denims, &c.,
continued quiet but steady in view of limited
stocks. Export
trade is practically at a
standstill, pending more settled
conditions.
For print cloths inquiry has been
fairly steady,
with a-moderate business done;
3834-inch 64-squares remain
bush.
change from the preceding week.
..2,033
Since
Week. Jan. 1.
exports since Jan. 1 has been
$12,707,506 in 1910, against $16,242,147 in 1909.
Trading in brown and bleached cottons consisted princi¬
pally of small lots for quick shipment. Staple prints in
sub-counts have been ordered
freely for spring delivery,
while some jobbers purchased fair
quantities for immediate
shipment; standard prints, however, were comparatively
slow.
Drills and sheetings ruled quiet with values
fairly
well maintained.
Although
ginghams
were quiet,
staple
there was a good application on dress
ginghams and some
4,638,000
99,000
New York,
703
1900
The value of these New York
bush.
,.
13
Total
.32,243,000
4,198,000
—
1010
Since
Week. Jan. 1.
19
1,563
New York to Sept. 24—
Great Britain,.
Other European
China
Ind a.
Arabia.
Africa
West Indies
Mexico
Central America
South America
Other countries
were as
3,290,000
6,690,000
Wheat,
V-.
15,000
5,000
41,000
129,000
4,000
785,000
4,198,000
LXXXXI.
unchanged.
'
1910.
1910.
1909.
1908.
1907.
on
Com.
United
Kingdom.
Sept.
Sept.
Sept.
Sept.
Sept.
Europe
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11910.)
THE CHRONICLE
April 5, amends the law fixing a limit upon the debt which
be incurred by municipalities, so as to allow cities
having a population of 10,000 or more to become indebted
for the purpose of improving streets or
acquiring water¬
works, gas or electric plants, up to 16% of their assessed
value.
It is also provided that whenever bonds shall
be
issued for the construction or purchase of
water-works,
gas
or electric
plants, they may be secured by the pledge of the
revenue of such plants.
The Act referred to is given in full
State /ms City PEf/wTMENT.
may
News Items.
Baker
City, Baker County, Ore.—-Election on Commission
of Government.—An election will be held Oct. 3, it is
stated, to allow the voters to determine whether or not the
commission plan of government shall be
adopted. In the
event of the proposition carrying, the name of Baker
City
will be changed to Baker.
California.—Extra Session of Legislature.—Pursuant to a
call issued by the Governor on Sept. 27, the
Legislature will
convene in special session on Oct. 3 to insert
certain words
in a constitutional amendment
providing for the segregation
of State and municipal taxation, to be submitted to
the
voters in November.
It is said that the
amendment, if
adopted in its present form, would be invalid.
Colorado.—Constitutional Amendment for Initiative and
Referendum.—The bill recently passed by the Legislature
providing for the submission to the voters at the November
election of the proposed constitutional amendment known
as the “Initiative and Referendum”
was signed
by the
Governor on Sept. 2.
We print this bill in full below:
Plan
Be it Enacted by the General
Assembly oj the State oj Colorado:
Section 1.
There shall be submitted to the qualified
electors of the
State of Colorado, at the next general election for
members of the General
Assembly, for their approval or rejection, the following constitutional
amendment, which, when ratified by a majority of those
voting thereon,
shall be valid as part of the Constitution.
Sec. 2.
That Section 1 of Article V of the constitution of
the State of
Colorado be so amended as to read as follows:
Sec. 1.
The legislative power of the State shall be vested In the
General
Assembly consisting of a Senate and House of Representatives, both to be
elected by the people, but the people reserve to themselves
the power to
propose laws and amendments to the constitution and to
enact or reject
the same at the polls Independent of the General
Assembly, and also reserve
power at their own option to approve or reject at the
polls any Act, Item
section or any part of any Act of the General
Assembly.
The first power hereby reserved by the
people Is the initiative, and at
east eight per cent of the legal voters shall be
required to propose any
measure by petition, and every such petition shall
include the full text
of the measure so proposed.
Initiative petitions for State legislation and
amendments to the constitution shall be addressed to and filed
with the
Secretary of State at least four months before the election at which
they
are to be voted upon.
The second power hereby reserved Is the
referendum, and It may be
ordered, except as to laws necessary for the Immediate preservation
of the
public peace, health or safety, and appropriations for the
support and
maintenance of the Department of State and State
Institutions, against
any Act. section or part of any Act of the General
Assembly, either
a
petition signed by five per cent of the legal voters or by the Generalby
As¬
sembly.
Referendum petitions shall be addressed to and filed with the
Secretary of State not more than ninety days after the final adjournment
of the session of the General Assembly that
passed the bill on which the
referendum Is demanded.
The filing of a referendum petition against
any Item, section or part of any Act shall not delay the
remainder of the
Act from becoming operative.
The veto power of the Governor shall not
extend to measures Initiated by, or referred to, the
people. All elections
on measures referred to the people of the State shall be
held at the biennial
regular general election, and all such measures shall become the law or a
part of the constitution when approved by a
majority of the votes cast
thereon, and not otherwise, and shall take effect from and after the date
of the official declaration of the vote thereon
by proclamation of the
Governor, but not later than thirty days after the vote has been canvassed.
This section shall not be construed to deprive the General
Assembly of the
right to enact any measure. The whole number of votes cast for Secretary
of State at the regular general election last
preceding the filing of any
petition for the Initiative or referendum shall be the basis on which the
number of legal voters necessary to sign such petition
shall be counted.
The Secretary of State shall submit all measures Initiated
by, or referred
to the people for adoption or rejection at the
polls. In compliance herewith.
The petition shall consist of sheets
having such general form printed or
written at the top thereof, as shall be
designated or prescribed by the
Secretary of State; such petitions shall be signed by qualified electors, In
their own proper persons only, to which shall be attached
the residence
address of such person and the date of
signing the same.
To each of such
petitions, which may consist of one or more sheets, shall be attached an
affidavit of some qualified elector that each
signature thereon Is the signa¬
ture of the person whose name It purports to
be, and that, to the best of the
knowledge and belief of the affiant, each of the persons signing said petition
was, at the time of signing, a qualified elector.
Such petition so verified
shall be prlma facie evidence that the signatures thereon
are genuine and
true, and that the persons signing the same are
qualified electors. The
text of all measures to be submitted shall
be published as constitutional
amendments are published, and In submitting tne
same and In all matters
pertaining to the form of all petitions, the Secretary of State and all other
officers shall be guided by the general laws, and the
Act submitting this
amendment, until legislation shall be especially provided therefor.
The style of all laws adopted by the
people through the Initiative shall
be, “Be It Enacted by the People of the State of Colorado.”
The Initiative and referendum powers reserved to the
people by this
section are hereby further reserved to the
legal voters of every city, town
and municipality as to all local, special and
municipal
legislation
of every
character In or for their respective municipalities.
The manner of exer¬
cising said powers shall be prescribed by general laws, except that cities,
towns and municipalities may provide for the
manner of exercising the
Initiative and referendum powers as to their
municipal legislation.
Not
more than ten per cent of the legal
voters may be required to order the
referendum, nor more than fifteen per cent to propose any measure by the
Initiative In any city, town or municipality.
This section of the constitution shall
be. In all respects, self-executing.
Sec. 3.
Each elector voting at said election ana desirous of
voting for
or against this amendment shall
deposit in the ballot box a ticket whereon
shall be printed or written the words, “For the
amendment to Section one
of Article V of the constitution,
providing for the Initiative and referen¬
dum,” and “Against the amendment to Section one of Article V of the
constitution, providing for the Initiative and referendum,” and shall Indi¬
cate his or her approval or rejection of the
proposition
(X) after one of such sentences. The vote wist for the by placing a cross
tion of said amendment shall be canvassed and the resultadoption or rejec¬
determined In the
manner provided by the laws of the State
of Colorado for the canvass of
votes for Representative in Congress.
Sec. 4.
In the opinion of the General
Assembly an emergency exists,
therefore, this Act shall take effect on and after Its passage.
Section I of Article V of the
constitution, which the above
Act amends, now reads as follows:
Section 1.
General Assembly.—The legislative power shall be vested In
the General Assembly which shall consist of a
Senate and House of Repre¬
sentatives to be elected by the
people.
In addition to the above the electors will
vote
other proposed amendments to the constitution.
latter were referred to in V.
89, p.* 1363.
four
These
on
Delaware.—Death of State Auditor.—Theodore F. Clark,
State Auditor, who had been ill for some
weeks, died
at his country home near Delaware
suddenly
Sept. 23.
1
Mississippi.—Law Governing Borrowing Capacity of Munici¬
palities Amended.—Chapter 142, Laws of 1910, approved
City
on
$93
.
below:
CHAPTER 142.
AN ACT to provide for the Issuance of bonds for
municipal corporations
for the construction or purchase of public utilities and
public Improve¬
ments, and to repeal Section 3415 of the Code of 1906, ana an Act entitled
“An Act to amend Section 3014 of the Code of
1892, to authorize cities
of ten thousand or more Inhabitants to Issue bonds for the
purpose of
Improving or paving streets,” approved April 14th 1906; and also an
Act entitled “An Act to amend Section 3415 of the
Mississippi
Code of
1906, as to bond Issues of municipalities,” approved March 20 1908.
Bonds for municipal improvements—Amendment as to same. i
Section 1. Be it enacted by the Legislature oj the State
oj Mississippi, That
the corporate authorities of any
municipality, whether operating under
Chapter 99, of the Code of 1906, or not, for the purpose of raising
money
for the erection of municipal and school
buildings and the purchase of such
buildings or land therefor, and the Improvement and adornment thereof,
for the erection and purchase of water
works, gas, electric and other plants,
the establishment of a sewerage
system, the protection of a municipality
from overflow, from caving banks and other like
dangers.
or
paving streets and sidewalks, and for the liquidation of existingImproving
debts of the
municipality, may Issue bonds or other obligations of the city, town or
village, not to exceed In amount. Including all outstanding bonds, seven
per centum of the assessed value of the taxable
property of the municipality,*
unless authorized by a two-thirds
majority of the qualified electors thereof
voting at an election held for that purpose, but In no case shall the amount
exceed ten per centum of the assessed value.
Except that the amount may
be issued by cities having 10,000 or more
Inhabitants for the purpose of
improving or paving streets or sidewalks, or constructing or otherwise
ac¬
quiring water works, gas or electric plants, may exceed ten
per centum, but
In no case to exceed fifteen
per centum of the assessed value, which shall
be submitted to an election as above.
But the limit on the amount shall
not apply to bonds or other
obligations. Issued for liquidation or to raise
funds to liquidate any Indebtedness when this Act
becomes operative, or to
bonds, the proceeds of which have been Invested In
enterprises producing
or saving sufficient revenue over and
above their operating expenses to
pay the Interest on these bonds.
How bonds may be secured in certain cases.
Sec. 2.
That whenever bonds shall be Issued for the
construction or
purchase of water works, gas or electric plants, the
corporate authorities
of the city or town so Issuing theni
may provide by ordinance, resolution,
contract or otherwise, that the said Donds shall be
secured by pledge of the
revenue of the said water works,
gas or electric lighting plants to be con¬
structed or purchased, with the proceeds thereof.
Sec. 3.
That Section 3415, of the Code of
1906, and an Act to amend
Section 3014, Code of 1892, to authorize cities
of ten thousand or more
Inhabitants, to Issue bonds for the purpose of Improving or paving
approved April 13 1906; and also an Act entitled r<An Act to amend streets,
Section
3415, of the Mississippi Code of 1906, as to bond Issues of
municipalities,”
approved March 20 1908, be, and the same are
repealed; provided,
however, that this Act shall In no way affect hereby
the validity of any bonds
which may heretofore have been authorized at
an election held under any
existing law whether the bonds so authorized have been
actually Issued or
not, and shall not affect or repeal any
private or local laws now In force
and effect authorizing the Issuance of
bonds for any purpose.
Ml
Sec. 4.
That this Act shall take effect and be In force from
and after
the date of Its passage.
Approved April 5 1910.
Missouri.—Proposed
Constitutional
Amendments.— The
Laws of 1909 make provision for the submission to the voters
in November Of nine proposed amendments to the State consti¬
tution. The first of these states that the General
Assembly
by law for a system
police force in cities having
a population of more than
100,000. The amendment is to
Sec. 47, Art. 4, which we give below,
printing in italics the
part to be added if the amendment carries.
shall not be prohibited from
providing
of pensions for members of the
Section
47—MUNICIPALITIES, LOANING CREDIT OF.—The Gen¬
Assembly shall have no power to authorize any county, city, town or
township, or other political corporation or subdivision
of the State now
existing, or that may be hereafter established, to lend its credit, or to
grant
public money or thing of value in aid of or to any Individual, association
or
corporation whatsoever, or to become a stockholder In such
corporation,
association or company; Provided, That this shall not be
so construed as to
prohibit the General Assembly from providing by law for
authorizing the
creation, maintenance and
eral
management of
a
fund for the
pensioning of
and for the relief of the widows and minor
children of deceased firemen, by such cities, villages or
incorporated towns
as may have an organized fire
department—said fund to be taken from
the municipal revenue of such cities,
villages
or incorporated towns.
Provided further, that this section shall not be
construed as prohibiting
the General Assembly from providing
by law, in cities having over 100,000 in¬
habitants, for a system of pensions for members of the
police force in such
cities, who became disabled in the police service by casualty, disease
or age
from rendering full service in their respective
positions, and providing such
pensions shall only be continued during said
and that policemen so
disability,
pensioned shall be required as a condition
thereof to be members of a reserve force
in their respective departments, and to
render such emergency service therein
crippled and disabled firemen,
when required as their respective disabilities
may permit.
poses to be appropriated, as provided by the General
pal
revenues
The
The fund for such pur¬
Assembly, from the munici¬
of such cities.
v
second
amendment authorizes the creation of a
pension fund for teachers in cities with a population of 100,000 or more.
The proposed change is also to Sec. 47 of Art.
4, but is
a
separate proposition, and if adopted the following
is to be added to the section:
Provided, further, that this shall
not be so construed as to prohibit the General
school boards or boards of education in this
State in cities which now contain, or
may hereafter contain, a population of
one hundred thousand or
more, to create, maintain and manage a fund out of
the school moneys under their
control, for pensioning public school teachers who
have become mentally or
physically incapacitated for further service: and
provided further, that no part of the said pension fund shall be taken out
of the
general revenue fund of the State apportioned to the counties or
cities for school
purposes, but must be paid out of the district fund of the district
seeking to
enforce this provision of the Constitution relating to teachers' pensions.
Assembly from authorizing by law
Amendment No. 3 provides that
on
on
a
State tax of 5 cents
the $100 assessed valuation “shall be levied and
collected
all objects and
subjects of taxation” in order to provide
permanent fund for public roads and highways.
The fourth amendment relates to the manner of
amending
the charter of the city of St. Louis.
The fifth amendment, which
follows, if adopted, will
authorize the issuance of bonds for a new State
a
Capitol:
Section 1. PROVIDING FOR BONDS FOR NEW
General Assembly next following the adoption of this CAPITOL.—The
amendment shall
authorize and provide for the issuance of bonds not to exceed five million
dollars In amount, to bear interest at a rate not
exceeding three peroent.a
year, payable in thirty years from date of
lssuanoe. but redeemable after
894
THE CHRONICLE
ten yean, for the purpose of erecting and equipping a new State Capitol
at the present seat of government.
Said General Assembly shall provide,
by appropriate legislation for the erection of said
new
State Capitol and
for carrying this amendment into effect.
Section 2.
PROVIDING FOR INTEREST AND SINKING FUND.—
The General Assembly, at each regular session thereof, after the adoption
of this amendment, shall appropriate a sum out of the general revenue of
the State sufficient to pay the accruing interest on said bonds, and it may
••iso appropriate such sum as it shall deem advisable to create a sinking
fund for the redemption or payment of said bonds.
Under the sixth amendment it is proposed to allow certain
counties to become indebted in excess of the constitutional
•
limit of 5% of the taxable property for the purpose of pro¬
viding for poor-houses.
With the approval of the voters,
Sec. 12 of Art. 10 will read as follows, the new words being
in italics and the ones to' be eliminated being bracketed:
Section 12.
No county, city, town, township, school district or other
or subdivision of the State shall be allowed to become
indebted in any manner or for any purpose to an amount exceeding in
any year the income and revenue provided for such year without the assent
■of two-thirds of the voters thereof voting at an election to be held for that
political corporation
purpose, nor 1n cases requiring such assent shall any indebtedness be allowed
to be incurred to an amount, including existing indebtedness, in the aggre¬
gate exceeding five per centum on the value of the taxable property therein,
to be ascertained by the assessment next before the last assessment for
ite and county purposes previous to the incurring of such indebtedness.
Dvided, That with such assent any county may be allowed to become
lebted to a larger amount for the erection of a court house, [or] jail or
poor-house, or for the grading, constructing, paving or maintaining of
paved, graveled, macadamized or rock roads and necessary bridges and
Culverts therein; and provided, further, that any county, city, town, town¬
ship, school district or other political corporation or subdivision of the
State incurring Indebtedness requiring the assent of the voters as aforesaid,
shall, before or at the time of doing so, provide for the collection of an
annual tax sufficient to pay the interest on such indebtedness as it falls
due; and also to constitute a sinking fund for the payment of the principal
thereof within twenty years from the time of contracting the same; Provided,
further, that the provisions of this section shall not apply to counties having
cities that now have or which may hereafter have one hundred thousand or
more inhabitants, nor in cities that now have or may hereafter have three
hundred thousand inhabitants.
passed upon by the voters on Nov. 8. The first of these
changes Section 46 of Article 4 and extends the length of
sessions of the General Assembly from 90 days to 120 days.
We give below the section referred to, the words in brackets
to be eliminated and those in italics to be added in the event
of the amendment being adopted.
Section 46. The General Assembly shall meet once In two years, on the
second Wednesday In January next succeeding the election of the members
of the House of Delegates, and not oftener unless convened In the manner
{described by the constitution. No session of the General Assembly
after the first under this constitution] shall continue longer than ninety
sixty] days; [but] except that, with the concurrence of three-fifths of the
members elected to each house, the session may
not exceeding thirty days,
be extended for a period
(Except for the first session held under this
constitution, members shall be allowed a salary for not exceeding sixty
days at any regular session, and for not exceeding thirty days at any extra
session.] Neither house shall, without the consent of the other, adjourn to
another place, nor for more than three days.
A majority of the members
elected to each house shall constitute a quorum to do business, but a smaller
number may adjourn from day to day, and shall have power to compel the
attendance of members in such manner and under such penalty as each
house may prescribe.
The other three amendments to be voted upon relate to
the manner of passing bills, the election and terms of office
of county officials and the election and terms of office of city
officers.
Bond Calls and Redemptions.
Lawrence County (P. 0. Deadwood), So. Dak.—Bond Call.
—Interest will cease Nov. 1 on bonds Nos. 3, 4, 7, 10, 31, 35,
72 and 75 of the issue of July 1 1899.
The securities carry
5% interest and are in denominations of $1,000 each. They
will be redeemed at the Fourth National Bank in New York
City
or at the Countv Treasurer’s office in Deadwood.
Missouri.—Bond Calls.—Whitaker & Co. of St. Louis, in
The next amendment to be
passed on by the voters
(No. 7), if approved, will increase the pay of the members of
the Legislature.
We print below Sec. 16 of Art. 4, putting
in brackets the words to be eliminated and italicizing those
to be added:
The members of the General Assembly shall severally
Section 16.
receive from the public treasury as [such] compensation for their services
(as may, from time to time, be provided by law, not to exceed five] ten
dollars per day for the first [seventy] ninety days of each session, and
after that not to exceed one dollar per day for the remainder of the ses¬
sion, except the first session held under this constitution, and during
revision sessions, when they may receive (five] ten dollars per day for
one hundred and twenty days, and one dollar per day for the remain¬
der of such sessions.
In addition to per diem, the members shall be
entitled to receive traveling expenses or mileage for any regular and
extra session not greater than now provided by law; but no member
shall be entitled to traveling expenses or mileage for any extra session that
may be called within one day after an adjournment of a regular session.
Committees of either house, or joint committees of both houses, appointed
to examine the institutions of the State, other than those at the seat of
government, may receive their actual expenses necessarily incurred while
In the performance of such duty; the items of such expenses to be returned
to the chairman of such committee, and by him certified to the State Audi¬
tor, before the same, or any part thereof, can be paid.
Each member may
receive at each regular session an additional sum of thirty dollars, which
shall be in full for all stationery used in his official capacity, and all postage,
and all other incidental expenses and perquisites; and no allowance or
emoluments, for any purpose whatever, snail be made to or received by the
members, or any member, of either house, or for their use, out of the
contingent fund or otherwise, except as herein provided; or no allowance
dr emolument, for any purpose whatever, shall ever be paid to any officer,
agent, servant or employee of either house of the General Assembly, or any
committee thereof, except such per diem as may be provided for by law,
not to exceed five dollars.
The eighth amendment changes Sec. 3 of Art. 8 so as to
allow the use of voting machines.
The next amendment (No. 9) is to Sec. 11 of Art. 10. If
the same is approved by the voters the limit of the annual
rate of taxation for city and town purposes in cities and
towns
having
a
population of less tnan 30,000 and
more
the $100 to
100 cents on the $100, while in cities and towns with less
than 10,000 and more than 1,000, the rate will be 90 cents
Instead of 50 cents on the $100 valuation.
than 10,000 will be increased from 60 cents
on
their quotation pamphlet dated Sept. 15, give the following
list of municipal bonds which have recently been called for
redemption.
Butler County, School District No. 2-24-5, 6% building bond No. 1 for
3100, dated July 1 1907 was called for payment September 1.
Columbia, Boone County, 3.98% refunding one-year bonds. Nos. 6, 7, 8,
9, 10, 13, 14, 15, 16, 17 and 18, for 5500 each, dated July 1 1900 were
called for payment September 1.
Columbia, Boone County, 4% Public Sewer bonds. Nos.“23 to 49, both
inclusive, for $500 each, dated August 1 1900 were called for payment
September 1.
Conway School District of Laclede County, 6% bond No. 4 for 5500, dated
August 1 1901 was called for payment August 1.
Dunklin County S. D. No. 1, 17, 9 and 10 6% building bonds Nos. 1, 2
and 3 for 5500 each, dated June 1 1905, were called for payment June 1.
Dunklin County, S. D. No. 3, 17, 9 and 10, 6% building bond No. 1 for
5300, dated August 15 1905, was called for payment August 15.
Mississippi County, School District No. 5, 25,15, 6% building bond No. 4
for 3200, dated September 1 1906, was called for payment September 1.
Bond Proposals and Negotiations this week
have been as follows:
Allen, Pontotoc County, Okla.—Bond Election.—An elec¬
tion will be held Oct. 21, it is stated, to vote on a proposition
to issue $25,000 water-works bonds.
Altoona, Pa .—Bond Sale.—On Sept. 28 the $260,000 4%
20-30-year (optional) coupon improvement assessment bonds
described in V. 91, p. 816, were awarded to A. B. Leach &
Co. of New York City at 100.50.
Ambridge, Beaver County, Pa.—Bond Offering.—Pro¬
posals will be received until 7p.m. Oct. 3 for $125,000 434%
general permanent improvement bonds.
Denomination 51,000.
Date Jan. 1 1910.
Interest semi-annual.
Maturity 35,000 yearly In January from 1914 to 1938 inclusive. Certified
check for 5300 Is required.
Bonded debt at present, 545,000.
Assessed
valuation 53,485,148.
Atlantic City, N. J.—Bond
Offering.—Further details are
on Oct. 8 of the $529,000 gold
offering
proposed amendments mentioned
above, for which provision was made by the Legislature, coupon (with privilege of registration) bonds mentioned in
a vote will also be taken at the November election on two
last week’s issue.
Proposals for these bonds will be received
other amendments proposed by initiative petition. These until 12 m. on that
day by A. M. Heston, City Comptroller.
latter relate to the manufacture and sale of intoxicating
The securities answer the following description:
liquors and the levying of a tax for the support and mainte¬
In addition to the nine
'
nance
Time for
77,000
103,000
68,000
152,000
5,000
9,000
Holding Regular
Sessions.—Under an Act passed on April 22 the regular
sessions of the General Assembly are to commence in January
following the election of its members.
as
follows:
The Act in full is
.
[Senate Bill No. 66.]
AN ACT to amend Section 35 of the General Code and to fix the time for
f the regular sessions and organization of the General
Assembly.
Be it enacted by the General Assembly oj the State o} Ohio:
That Section 35 of the General Code be amended so as to
Section 1.
read as follows;
:
'
•Sec. 35.
The regular sessions of the General Assembly shall commence
on the first Monday of January following the election of Its members.
At
-
ten
o'clock, forenoon, of that day the Lieutenant-Governor, or, In case of
his absence or inability to act, the oldest Senator-elect present, shall take
the Chair, call the Senators-elect to order and appoint one of them Clerk
pro tempore.
The Chatrman shall call the Senatorial districts In their
numerical order, and as they are called the persons claiming to be Senatorselect therefrom shall present their certificates and take the oath of office.
Section 2.
That original Section 35 of the General Code be and the same
is hereby repealed.
GRANVILLE W. MOONEY,
Passed April 22 1910.
Approved April 26 1910.
Speaker of the House of Representatives.
FRANCIS W. TREADWAY,
President o) the Senate.
/
JUDSON HARMON, Governor.
Oklahoma.—Constitutional Amendments.—Two constitu¬
tional amendments, proposed by initiative petition and relat¬
ing to prohibition and woman’s suffrage, will be submitted
to the people of this State at the general election on Nov. 8.
Virginia.—Constitutional Amendments Proposed.—Four
proposed amendments to the State Constitution will be
water bonds dated July 1 1910 and due July 1 1945.
4H% park bonds dated Jan. 1 1910 and due Jan. 1 1945.
4 14% school bonds dated July 1 1910 and due July 1 1945.
4 \4% paving bonds dated July 1 1910 and due July 1 1945.
5% tax-arrearage bonds dated July 1 1910 and due July 1 1915.
4
fire-house bonds dated Jan. 1 1910 and due Jan. 1 1945.
4H% Bellevue Avenue bonds dated July 1 1910 and due July 1
5115,000 4
of the University of Missouri.
Ohio.—Legislature Changes
at hand relative to the
1920.
The above bonds are In denominations of 51,000 each.
Interest semi¬
annually at the Hanover National Bank In New York City. The bonds are
tax-exempt and will be delivered about Oct. 20 1910.
The legality of the
water, paving and tax-arrearage bonds will be approved by DlUon, Thomson
& Clay of New York City, while Hubbard & Massllch of New York
City
will approve the legality of the park, school, fire-house and Bellevue Avenue
bonds.
The genuineness of the bonds will be certified to by the Columbia
Trust Co. of New York City.
Bid must be made on a form furnished by
the city and be accompanied by a certified check (or cash
deposit) for
510,000, made payable to the City Comptroller. Part of the above Issues
were offered without success (V. 91, p. 414) on Aug.
6. Purchaser to pay
accrued Interest.
Official circular states there Is no litigation affecting
these bonds or the statutes under which they are Issued; also that there has
never been any default In the payment of
principal or Interest.
The
official notice of this bond offering will be found among
Department.
Atlantic County (P. 0. May’s Landing), N. 3,—Bond Of¬
fering.—Proposals will be received until Oct. 5 for the $40,000 4% 7-10-year (serial) registered
public-building-improvement bonds, the unsold portion of the issue of $60,000 bonds
the advertisements elsewhere in this
mentioned in Y. 91, p. 414.
a
Auburn, Me.—Temporary Loan.—This city has awarded
temporary loan of .$10,000 to Loring, Tolman & Tupper of
Boston at
A loan of
534% discount. Loan matures Nov. 1 1910.
$15,000, maturing in four months,JwasJalso
recently disposed of at 534% discount.
Oot. 11910.J
THE CHRONICLE
Augl&ise County (P. O. Wapakoneta), Ohio.—Bond Sale.
following award was made on Sept. 29, according to
-reports, of the two issues of 4>^% bonds described in V. 91,
—The
P-
816:
$35,000 refunding bonds sold to the Atlas National Bank of Cincinnati at
103.15.
Maturity 31,000 each six months from July 1 1911 to
July 1 1928 Inclusive.
12,000 tuberculosis-hospital (county's portion) bonds disposed of to the
Dayton Savings Bank 8s Trust Co. of Dayton at 102.175.
Ma¬
turity $1,000 yearly on July 1 from 1911 to 1922 Inclusive.
Barberton, Summit County, Ohio.—Bond Sale.—On Sept.
26 the $25,000 4% 2-11-year (serial) coupon Cornell Street
Viaduct (village^ portion) bonds described in V. 91, p. 816,
were sold to Seasongood & Mayer of Cincinnati at par and
accrued interest, less $195 for blank bonds and other ex¬
penses.
A bid of par and interest, less $375 for expenses,
was also received from the Provident Savings Bank & Trust
Co. of Cincinnati.
due
and
895
$7,500 yearly on
July 1 from 1911 to 1930 inclusive
$153,810 20 tax-loan bonds, due part yearly
Sept. 1
on
from 1911 to 1915 inclusive.
Burbank School District, Santa Clara County, Cal.—Bond
Sale.—The $4,000 &H% 8-11-year (serial) coupon bonds de¬
scribed in V. 91, p. 740, were sold on Sept. 19 to I. H. Fickel
of Mt. View at 103.775 and accrued interest.
A list of the
bidders follows:,
I. H. Fickel, Mt. View
W. W. Gray...
$4,1511 Bank of San Jose
4.125| '
$4,101
Burkbumett Independence School District (P. O. Burkburnett), Wichita County, Tex.—Bonds Not Yet Sold.—We
are advised under date of Sept. 23 that the $16,000 10-40year (optional) school-building bonds offered without suc¬
cess on
June 25 (V. 91, p. 476) are still unsold.
Butler, Butler County, Pa.—Bond Election.—Atlthe gen¬
borough will present to the voters
propositions to issue the following bonds: $15,000 park,
$12,000 fire-alarm-system and automobile truck'and $50,000
eral election Nov. 8 this
Bellaire, Belmont County, Ohio.—Bonds Awarded in Part.
water-works-refunding
$10,000 were sold on for street
paving.
Sept. 26 to the Farmers* & Merchants* Bank of Bellaire at
Butler School District (P. O. Butler), Bates County, Mo.—
par and accrued interest. Bids were also received from Bond Sale.—We are advised
that the $35,000 4j^% 5-20-year
Seasongood & Mayer and Weil, Roth & Co., both of Cin¬
(optional) high-school-building bonds offered without success
cinnati.
on
Aug. 10 (V. 91, p. 477) have been sold.
Belle Center, Logan County, Ohio.—Bonds Authorized.—
Bynum School District (P. O. Bynum), Teton County,
According to reports, this city has authorized the issuance
HLant.—Bonds Voted.—An. election held Sept. 17 resulted in
of $3,000 cement-crossing bonds.
favor of a proposition to issue 6% 10-year school-building
Ben Avon (P. O. Pittsburgh), Pa.—Price Paid for Bonds.—
bonds. The vote was 46 to 18.
We are advised that the price paid for the $10,000 43^2%
Cambrain School District (P. O. San Jose), Santa Clara
20-year improvement bonds disposed of on Sept. 23 to E. S.
Wheeler 01 Pittsburgh (V. 91, p. 817) was 101.70. Pur¬ County, Cal.—Bond Sale.—The $5,000 5% 6-10-year (serial)
school-house bonds voted on Aug. 9 (V. 91, p. 740) were sold
chaser to furnish bonds.
on Sept. 19 to the Garden City Bank & Trust Co. of San Jose
Denomination $1,000.
Date Sept. 1 1910.
Interest semi-annual.
The bonds are tax-exempt.
at 101.638—a basis, of about 4.752%.
The following bids
Benton Harbor, Berrien County, Mich.—Bond Election were received:
Bank 8c Trust Co., San Jose..
..$5,081 90
Proposed.—It is stated in local papers that certain business GardenofCity
San Jose
5,040 00
interests are agitating the holding of an election for the pur¬ Bank
Bank of Campbell
5,006 00
Denomination
$1,000.
Date Oct. 1 1910.
Interest semi-annual. *•.>
pose of having the voters pass upon a proposition to issue
$100,000 bonds for various improvements.
Canadian, Hemphill County, To*.—Bonds Not Sold.—Up
Bergen County (P. O. Hackensack), N. J.—Bond Sale.— to Sept. 23 no award had yet been made of the $5,000 5%
On Sept. 30 the $400,000 4J£% 5-29-year (serial) coupon 20-40-year (optional) street-improvement bonds described
(with privilege of registration) building bonds described in in V. 91, p. 477.
V. 91, p. 817, were sold to Harvey Fisk & Sons of New York
Carbon County (P. O. Red Lodge), Mont.—Bond Offering.
City at 101.577—a basis of about 4.368%. The following —Proposals will be reecived until 3 p. m. Oct. 18 by G. L.
proposals were submitted:
Finley, County Clerk, for $40,000 coupon bonds at not ex¬
-Harvey Fisk & Sons. N. Y__ 101.5771 J. D. Everltt 8b Co.. N. Y...100.773
ceeding 5% interest.
N. W. Harris & Co., N. Y.__101.323iFarson. Son 8b Co., N. Y—-.100.375
—Of the $40,000 4% 20-year coupon
bonds described in V. 91, d. 817,
Denomination $1,000.
Date Nov. 15 19 0.
Interest Jan. 1 and July 4.
Maturity 20 years. Certified check for $1,000, payable to the County Clerk,
Bingham County School District Ho. 40, Idaho.—Bond is
required. ■'
v
Sale.—Reports state that $1,800 5% 10-19-year (optional)
Carter County (P. O. Van Buren), Mo.—Bond Election.—
building bonds, proposals for which were asked until May 14,
An election is to be held in this county ip the near future, it
have been purchased by the State of Idaho at par.
is stated, for the purpose of voting on the question of issuing
Bloomingdale, Essex County, N. Y.—Bond Offering.—Pro¬
posals will be received until 12 m. Oct. 3 by Seaver A. Miller $20,000 court-house bonds.
Catasauqua, Lehigh County, Pa.—Bond Offering.—Pro¬
(P. O. Saranac Lake) for $15,000 registered or coupon waterbonds at not exceeding 5% interest.
posals will be received until 7 p. m. Oct. 3 by Albert B. Lee,
Secretary, for $15,000 4% coupon water-works-extension
Authority, Chapter 414, Laws of 1897, and amendments thereto. De¬
nomination $800.
Date Aug. 1 1910.
Interest semi-annually at the Sara¬
Lake National Bank In New York exchange.
Maturity $600 yearly
Aug. 1 from 1915 to 1939 inclusive. Certified check on a national bank
for 5% of bid is required.
nac
on
Bonham, Tex.—Bonds Not Yet Sold.—No award has yet
(optional) schoolbuilding bonds mentioned in V. 91, p. 414.
Boston, Mass.—Loan Resolution Rejected.—The City
Council has rejected a resolution presented by the Mayor
providing for a loan of $250,000 to construct a temporary
bridge over the Mystic River.
Boulder, Boulder County, Colo.—Bond Sale.—The $100,000 5% 15-year coupon reservoir-construction bonds de¬
scribed in V. 91, p. 600, were sold on Sept. 19 to Woodin,
McNear & Moore, A. B. Leach & Co., the Harris Trust &
been made of the $10,000 5% 15-40-year
Savings
Bank and E. H. Rollins & Sons, all of Chicago, at
their
joint bid of 99 and accrued interest. Purchasers to
all expenses in connection with the issue. The other
bidders were:
pay
S. A. Kean & Co., Chicago
John Nuveen & Co., Chicago
98.011 J. H. Causey 8b Co.,)
95
| W. E. Sweet & Co_j Denver._a98.50
I* a For $30,000 of the bonds.
Bradley Beach, Monmouth County, N. J .—Bond Sale.—
$5,000 6% 30-year fire-house bonds voted on Aug. 9
(V. 91, p. 414) have been disposed of at par to the Asbury
The
bonds.
Denominations: 50 bonds of $100 each and 20 bonds of $500 each. Date
Interest semi-annual.
Maturity $1,600 In 1915, $2,000 in
1920, $2,400 In 1925, $2,800 In 1930, $3,400 in 1935 and $2,800 In 1940.
Bonds are exempt from all taxes.
Certified check for 10% of bid Is re¬
quired.
Delivery of bonds “on or before Nov. 1.”
Nov. 1 1910.
Cecil County (P. O. Elkton), Md.—Bonds Authorized —
According to reports, the issuance of $10,000 road bonds has
been authorized.
Celina, Mercer County, Ohio.—Purchaser of Bonds.—We
advised that the purchaser of the $20,000 4% coupon
refunding bonds disposed of on Sept. 20 was the DaviesBertram Co. of Cincinnati, and not Seasongood &
Mayer,
as at first reported.
See V. 91, p. 817. The price paid was
par and accrued interest.
Bids at par were also received
from Seasongood & Mayer and the Cincinnati Trust Co.,
both of Cincinnati, and Mrs. Emily D. La Blend.
Center Point Independent School District (P. O. Center
Point), Tex.—Bonds Registered.—An issue of $14,000 5%
20-40-year (optional) bond was registered by the State
Comptroller on Sept. 25.
v
Chambers County Common School District, Tex.—Bond*
Registered.—On Sept. 22 $3,500 5% 10-40-year (optional)
bonds were registered by the State Comptroller.
are
Chicago (Ill.) Sanitary District.—Bond Sale.—On Sept. 28
4% coupon (with privilege of registration as
Broken Bow, Neb.—Bond Offering.—Proposals will be re¬ to
principal)
bonds,
offered on that day (V.91, p.665), were
ceived at any time by R. D. Pickett, City Clerk, for the $15,A Co. of Chicago for $987,834 50
purchased
by
Lee
Higginson
000 city-hall and jail and $8,000 water-extension 5% cou¬ —the
price thus being 98.783.
pon bonds voted on Aug. 9 (V. 91, p. 601):
The other bids received were as follows:
Park & Ocean Grove Bank.
■■Authority, Section 11291, Cobbey Statutes 1909.
Denomination $1,000.
Interest annually at the fiscal agency of the State
of Nebraska In New York City.
Maturity 20 years, subject to call after
10 years.
Bonded debt, including this Issue, $36,900.
No floating debt.
Assessed valuation $336,937.
Date “day of delivery.”
Bronxville, Westchester County, N. Y.—Bond Offering.—
Proposals will be received until 8 p. m. Oct. 5 by F. Dinsmore, Village Clerk, for $35,700 registered bonds.
Interest (rate to be named in bid) payable at the Farmers’ Loan 8s Trust
Co. in New York City.
Certified check for 10% of bid Is required.
the $1,000,000
First Tr. 8b Sav. Bk
Harris Trust 8b Sav. Bank
N. W. Halsey 8b Co
A. B. Leach 8c Co.
Merch. Loan 8s Trust Co--.
Wm. R. Compton Co.-.-.l
O’Conner 8b kahier
Hibernia Banking Ass’n.Emery, Peck 8b Rockwood
Well, Roth 8b Co
_
$984,233
_
-
982,550
""
“““
Continental 8s Commercial)
Trust 8s Savings Bank..
E. H. Rollins 8b Son...
[
Wm. Salomon 8b Co__
J
White, Weld 8b Co
1
Chicago Savings Bank 8b I
Trust Co-i
Co. i
V] 986,150
~
Northern Trust Co
Wm. A.^Read 8b Co
Allfthe above bidders are of Chicago.
■■Denomination $1,000. Date Oot. 11910.
1
\
j
Interest
at the
Buffalo, N. Y.—Bond Sale.—The following 4% registered District Treasurer’s office. Maturity $46,000 on Oct. semi-annually
1 1912 and $53,000
on Oct. 1 from 1913 to 1930 inclusive.
*
yearly
bonds, offered without success on Sept. 6 (V. 91, p. 740),
were sold on Sept. 23 at par
and accrued interest to the JfChildress, Childress County, Tex.—Bond* Registered.—
Columbia National Bank of Buffalo: $1,000,000 water bonds, The State
Comptroller fiegistered ;$4,000
TMO-yeur
due June 15 1960; $150,000 turning-basin refunding bonds, (optional) water-works bonds on
Sept. 21,
•
8,5032-year
896
THE CHRONICLE
Cincinnati, Ohio.—Bonds Authorized.—The City Council
of the fol¬
has passed ordinances providing for the issuance
lowing 4% coupon bonds:
$0,300 20-year Wllstach Street Improvement (city's portion) bonds. De¬
nomination $500, except one bond of $800.
Date Oct. 15 1910.
2,800 20-year Sutter Ave. improvement (city’s portion) bonds. Denomi¬
nation $500, except one bond of $800. Date Oct. 15 1910.
4,000 20-year city-hall Improvement bonds. Denomination $500 or mul¬
tiples thereof.
Date Oct. 1
1910.
5,000 20-year free-publlo-bath bonds.
thereof.
Denomination $500
or
multiples,
Date Oct. 1 1910.
11,100 40-year street-improvement bonds. Denomination $500 or mul¬
tiples thereof. Date Oct. 15 1910.
1,000 10-year bonds to purchase land to construct concrete steps from
Glenway Avenue to Warsaw Avenue. Denomination $500 or mul¬
tiples thereof. Date Oct. 15 1910.
8,000 20-year Herschell Avenue Improvement (city’s portion) bonds.
De¬
nomination $500 or multiples thereof.
Date Oct. 15 1910.
Charlotte Street opening bonds.
Denomination $500.
Date Oct. 15 1910.
Plum Street improvement (city’s portion) bonds.
nation $500 or multiples thereof.
Date Oct. 15 1910.
Interest semi-annual.
Denomi¬
Circleville, Pickaway County, Ohio.—Bond Sale.—On
Sept. 27 the $4,800 4>£% 4-8-year (serial) coupon Mill Street
storm-water-sewer-improvement bonds described in V. 91,
p. 741, were sold to C. Welfer of Circleville at 102.412 and
accrued interest—a basis of about 4.044%.
Following are
the bids:
O. Welfer, Circleville-$4,915 80|FIrst Nat. Bk., Circleville-$4,880
William Foresman, CIrclev. 4,911 001 Well, Roth & Co., Clnclnn. 4,871
Seasongood&Mayer, Cln
4,887 OOlProv.Sav.Bk.&Tr.Co., Cin. 4,859
Third Nat. Bk., Circleville. 4,884 051 Hayden, Miner & Co., Cle. 4,855
00
00
28
00
Cleveland, Ohio.—Bond Sale.—The $127,000 funded debt
and the $10,000 Sewer District No. 18 4% coupon bonds
due Oct. 1 1920, have been disposed of at private sale to
the Guardian Savings & Trust Co. of Cleveland at par.
These securities were offered on Sept. 22 (V. 91, p. 601), but
no bids were received on that day.
lVOL.
LXXXXI
bond signed by not less than two disinterested
persons, residents of and
owning real estate In this county, or a certified check, payable to the
County Treasurer, for 1 % of bonds bid for.
81,50sewr-inmtpsevcont
These bonds were offered as 4s (V. 91, p. 741) on
Sept. 24.
Otis & Hough of Cleveland were the only bidders and their
offer
rejected.
County (P. O. Selma), Ala.—Bond Offering.—
Proposals will be received until 11 a. m. Nov. 7 for the
$250,000 5% gold road bonds voted (V. 90, p. 1437) on
May 16.
was
Dallas
Denomination $500. Interest semi-annual.
Maturity 30 years from
On June 20 $100,000 of these bonds were offered for sale,
July 1 1910.
but all bids received on that day were rejected.
See V. 91, p. 52. P. H.
Pitts Is Judge of Probate.
The
official notice of this bond offering will be found among
Department.
Dancy Drainage District (P. O. Marshfield), Wis.—Bond
Sale.—The Hanchett Co. was awarded an issue of $35,000
6% bonds on Sept. 5 for $33,500, the price thus being 95.714.
the advertisements elsewhere in this
Denomination $100 and $500.
Maturity June 1 1922.
annual.
Date
Sept.
5
1910.
Interest
semi¬
Dawson, Navarro County, Tex.—Bonds Voted.—An elec¬
tion held Sept. 23 resulted, it is stated, in favor of a
propo¬
sition to issue $8,000 bonds to erect a water
system.
Dayton, Ohio.—Bond Offering.—Proposals will be re¬
Geo. W. Bish, City Auditor,
bonds:
ceived until 12 m. Oct. 11 by
for the following 4^£% coupon
$2,000 Logan Street Improvement (city’s portion) bonds.
Denomination
$1,000.
Maturity Sept. 1 1919.
2,600 engine-house-repair bonds.
Denominations $1,600 and $1,000.
Maturity $1,600 Sept. 1 1919 and $1,000 Sept. 1 1920.
3,200 North Dayton retalning-wall bonds.
Denomination $1,000, except
one bond of $1,200.
Maturity one bond yearly on Sept. 1 from
1919 to 1921 inclusive.
(city’s portion) bonds. Denomination $1,000,
Cohoes, Albany County, N. Y.—Bonds Not Sold.—Bond
except one bond of $1,500.
Maturity one bond yearly on Sept. 1
from
1919
to
1926
inclusive.
Offering.—No bids were submitted on Sept. 29 for the two
(
city’s
portion)
Denomination $1,000
bonds.
issues of 4% registered bonds, aggregating $56,000, de¬
except one bond of $1,500. Maturity $2,500 Sept. 1 1920 and
scribed in V. 91, p. 741.
$2,000 yearly on Sept. 1 from 1921 to 1924 inclusive.
Proposals are again asked for
Date Sept. 1 1910.
Interest semi-annually in New York City.
Certi¬
these bonds and will be received, this time, until Oct. 27.
fied check on a national bank for 5% of each Issue bid for, payable to the
City
Auditor,
Is
required.
to
Oct.
Bonds
be
delivered
11.
Colorado Springs School District No. 11 (P. O. Colorado
Decatur, Macon County, HI.—Bids Rejected.—All bids
Springs), Colo.—Bonds Not Sold.—No award has yet been
made of the $25,000 bonds, the unsold portion of the $125,000 received on Sept. 28 for the $75,000 4% electric-light10-20-year (optional) school-building and ground-purchase system bonds described in V. 91, p. 818, were rejected.
bonds mentioned in V. 91, p. 415.
Dickens County (P. O. Dickens), Tex.—Bonds Registered.
Columbus, Ohio.—Bond Offering.—Proposals will be re¬ —The State Comptroller on Sept. 22 registered $8,000 5%
ceived until 2 p. m. Oct. 11 by Martin A.Gemunder, Secre¬ 10-20-year (optional) jail bonds.
tary of the Trustees of the Sinking Fund, for the following
Duluth, Minn.—Bond Sale.—The $50,000 4% 30-year
4% bonds:
gold coupon park-improvement bonds, offered on Sept. 26
$320,000 grade-crossing bonds. Date Dec. 26 1907. Interest April 1 and and described in V. 91, p. 818, were disposed of at par and
Oct. 1 at the City Treasurer’s office.
Maturity Oct. 1 1947.
accrued interest, $35,000 going to Little & Nolte of Duluth
300,000 sewer refunding bonds. Date April 1 1910. Interest April 1
and Oct. 1 at the agency of the city of Columbus In New York
and $15,000 to the N. J. Upham Co. of Duluth.
City. Maturity April 1 1930.
East St. Louis, St. Clair County, Ill.—Bonds Authorized.—
110,000 garbage-disposal-works bonds.
Date Nov. 1 1906. Interest
March 1 and Sept. 1 at the agency of the city of Columbus In
New York City.
Maturity Sept. 1 1936.
175,000 water-works refunding bonds.
Date Nov. 1 1910. Interest
May 1 and Nov. 1 at the agency of the city of Columbus In New
York City.
Maturity Nov. 1 1930.
50,000 city’s portion publlo-lmprovement (No. 21) bonds.
Date Oct. 4
1909.
Interest March 1 and Sept. 1 at the agency of the city of
Columbus In New York City. Maturity Sept. 1 1921.
30,000 city’s portion publlo-lmprovement (No. 22) bonds.
Date March 1
1910.
Interest semi-annually at the agency of the city of Colum¬
bus In New York City.
Maturity Sept. 1 1921.
15,000 police sub-station bonds.
Date May 1 1909.
Interest April 1
and Oct. 1 at the agency of the city of Columbus In New York
City. Maturity Oct. 1 1939.
Denomination $1,000, except the last Issue, which Is In denomination
of $500.
Bonds are tax-exempt In Ohio. Certified check on a local bank
for 2% of bonds bid for, payable to the Trustees of the Sinking Fund, Is
required.
Blank forms for bids furnished by city.
The $175,000 refund¬
ing bonds will be delivered Nov. 1, while the remaining Issues win be de¬
livered Oct. 25.
Official circular states that there has never been any
default in the payment of principal or Interest.
These
Fund
are
as an
not
new
issues but bonds held
investment.
by the Sinking
Cordele, Crisp County, Ga.—Bonds Voted.—The election
held Sept. 23 resulted in a vote of 336 “for” to 25 “against”
the proposition to issue the $10,000 6% 30-year high-schoolimprovement bonds mentioned in Y. 91, p. 741. The bonds
will be offered for sale, we are informed, within 30 days.
IfOreston, Wayne County, Ohio.—Bond Sale.—The $3,000
5% 5-10-year (serial) coupon municipal-electric-light-plant
bonds described in V. 91, p. 741, were sold on Sept. 24 to
Hayden, Miller & Co. of Cleveland for $3,148 (104.933) and
accrued interest—a basis of about 4.226%.
Bids were also
received from Otis & Hough of Cleveland, the Citizens’ Na¬
tional Bank of Wooster, Seasongood & Mayer of Cincinnati,
Stacy & Braun of Toledo and the Stebbins Banking Co. of
Creston.
The Board of Trustees of the East Side Levee and
District has authorized the issuance of $450,000 5%
Sanitary
bonds.
Elberton, Elbert County, Ga.—Bond Offering.—Proposals
Oct. 3 for the $25,000 5% streetimprovement bonds voted (V. 91, p. 742) on Sept. 5.
will be received until 6 p. m.
Interest Jan. 1 and July 1 at the office of the
or at the office of the United States Mortgage & Trust
Co. In New York City.
Maturity $5,000 on Jan. 1 In each or the years
1933, 1935 and 1937 and $10,000 Jan. 1 1940.
Certified check for $500 Is
Denomination $1,000.
Clerk and Treasurer
required.
W. F. Jones Is City Clerk and Treasurer.
Ellensburg School District No. 3 (P. O. Ellensburg),
Kittitas County, Wash.—Bond Sale.—Reports state that
$40,000 20-year refunding school-building bonds have been
sold to the Washington National Bank of Ellensburg at 101
for 5s.
Enid School District (P. O. Enid), Okla.—Bond Sale.—
An issue of
on
$200,000 5% school-building bonds was awarded
July 1 to R. J. Edwards of Oklahoma City at par.
Denomination $1,000.
Maturity July 1 1935.
Date
July
1
1910.
Interest
semi-annual.
Enterprise School District, Merced County, Cal.—Bond
5% bonds offered on Sept. 20 (V. 91, ps
742) were purchased by Jas. H. Adams & Co. of Los Angele,
A bid of par was also received from Miller & Lux,
at 100.34.
Inc.
Denomination $1,000.
Date Dec. 1 1910. Interest
Sale.—The $15,000
annual.
Famdale School District, Los Angeles County, Cal.—Bond
Offering.—Proposals will be received until 2 p. m. Oct. 17,
it is stated, by the Board of County Supervisors (P. O. Los
Angeles) for $15,000 5% bonds.
Denomination $1,000.
Interest annual.
Oct. 17 from 1911 to 1925 Inclusive.
Maturity $1,000
yearly
on
Fern Bank, Hamilton County, Ohio.—Bond Election.—An
Crowley, Arcadia Parish, La.—Bond Offering.—Further
election
will be held Nov. 8 to vote on the question of issuing
details are at hand relative to the offering on Oct. 8 of the
$20,000
water improvement bonds.
$75,000 5% coupon drainage bonds, mentioned in V. 91,
p. 818.
Proposals will be received for these bonds until
Flatonia, Fayette County, Tex.—Bonds Voted.—Accord¬
3 p. m. on that day by L. A. Williams, Secretary-Treasurer, ing to reports, an election held here Sept. 20 resulted in favor
Sixth Ward and Crowley Drainage District.
of a proposition to issue $12,500 school-building bonds.
1898 and amendments thereto.
Interest Jan. and July at place
named by purchaser.
Maturity from 1 to 31 years, unpaid bonds being
subject to call after 20 years.
Bonds are tax-exempt.
No deposit Is
required.
,
Authority Article 281,
Denomination $500.
constitution
Date Nov. 1 1910.
Cuyahoga County (P. O. Cleveland), Ohio.—Bond Offering.
—Proposals will be received until 11 a. m. Oct. 19 by the
Board of Commissioners, John F. Goldenbogen, Clerk, for
$300,000 4\i% coupon court-house-construction bonds.
Authority Sections 2434, 2435 and 2438, General Code; also election held
Nov. 5 1901.1 Denomination $1,000.
Date Oct. 1 1910.
Interest semi¬
annually at the County Treasurer’s office.
Maturity $15,000 yearly on
Oct. 1 from 1911 to 1930 Inclusive.
Each bid must be accompanied by a
The vote
was
77 to 12.
Flint, Mich.—Bond Sale.—The $5,000 4% 5-year water-
extension bonds mentioned in V. 91, p. 478, were recently
sold to local parties at par.
Denomination $250. Date
May 1 1910. Interest semi-annual.
Fostoria, Senaca County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. Oct. 14 by J. H. Morton,
City Auditor, for $9,361 56 4^% city’s portion street and
sewer-improvement bonds.
Authority Sections 3939, 3821 General Code.
except one bond of $361 56,
Date Sept. 1 1910.
Denomination $500,
Interest semi-annual.
OOT. 1
THE CHRONICLE
1910.]
Maturity $361 56 March 1 1911 and $500
every six months from Sept. 1
1911 to March 1 1920 Inclusive.
Purchaser to pay accrued Interest.
Certi¬
fied check for 5% of bonds bid for, payable to the City Treasurer, Is re¬
quired.
Frederick County (P. O. Frederick), Md.—Bond Offering.
—Proposals will be received until 12 m. Oct. 18 by Wm. H.
Hogarth, President of the County Commissioners, for $75,000
4}/2% coupon bonds.
,
Authority, Acts of General Assembly of 1910, Chapter 125.
Denomina¬
$1,000. Date Oct. 1 1910. Interest
semi-annual.
Maturity Oct. 1 1940, subject to call after 15 years.
Bonds
are exempt from county and municipal taxes In Frederick County.
Certi¬
fied check for 5% of bonds bid for, payable to the County Commissioners, Is
tion not less than $100 nor more than
required.
offered
on
Bonds will be ready for delivery Oct. 19.
Sept. 26 (V. 91, p. 819) but not sold.
These bonds
Denomination $1,000.
Date June 1 1910.
Interest semi-annually at the
Maturity June 1 1930. Certified check (or cash)
for 5% of bonds bid for, payable to the Mayor, Is required.
City Treasurers’ office.
Galion, Ohio.—Bond Offering.—Proposals will be received
until 12 m. Oct. 17 by C. S. Hetrick, City Auditor, for the
following 4J^% assessment bonds.
$2,050 Sewer District No. 1 bonds.
Denomination $500, except one bond
of $550.
Maturity $1,000 Oct. 1 1916 and $1,050 Oct. 1 1917.
1,800 Sewer District No. 2 bonds.
Denomination $500, except one bond
of $800.
Maturity $1,000 Oct. 1 1916 and $800 Oct. 1 1917.
4,300 Sewer District No. 3 bonds.
Denomination $500, except one bond
of $800.
Maturity $1,000 Oct. 1 In the years 1914, 1915, 1916, and
$1,300 Oct. 1 1917.
12,000 Sewer District No. 5 bonds.
Denomination $500.
Maturity
$3,000 yearly on Oct. 1 from 1914 to 1917 Inclusive.
4,100 Sewer District No. 6 bonds.
Denomination $500, except one bond
of $600.
Maturity $1,000 on Oct. 1 of the years 1914, 1915, 1916
and $1,100 Oct. 1 1917.
9,950 Sewer District No. 7 bonds.
Denominations: $500, $1,000 and
$950. Maturity $1,500 yearly on Oct. 1 from 1913 to 1917 Inclusive
and $2,450 Oct. 1 1918.
10,100 Sewer District No. 8 bonds. Denomination $500, except one bond
of $600.
Maturity $2,500 on Oct. 1 In the years 1914, 1915, 1916
and $2,600 Oct. 1 1917.
11,000 Sewer District No.
9
bonds.
Denomination $500.
Maturity
$2,500 Oct. 1 In the years 1914, 1915, 1916 and $3,500 Oct. 1 1917.
2,450 Sewer District No. 11 bonds.
Denomination $500, except one bond
of $450.
Maturity $1,000 Oct. 1 1916 and $1,450 Oct. 1 1917.
700 Jefferson Street sanitary sewer bond.
Maturity Oct. 1 1916.
500 Union A Market Streets sewer bond. Maturity Oct. 1 1916.
Authority Section 3881 General Code. Date Oct. 1 1910. Interest
Purchaser to pay accrued interest.
Galveston County Drainage District No. 2, Tex.—Bonds
Not to be Issued at Present.—It is not expected that any action
will be taken for some time looking towards the issuance of
the bonds voted in August.
V. 91, p. 416.
George County (P. O. Luce dale), Miss.—Bonds Authorized.
$40,000 5%
—This county has authorized the issuance of
coupon court-house and jail bonds.
Authority Section 33, Code of 1906.
Denomination $1,000.
Date
Sept. 1 1910. Interest semi-annual. Maturity 30 years, subject to call
after five years.
H
Goldendale, Klickitat County, Wash.—Bond Offering.—
Proposals will be received until 8 p. m. Oct. 22 by George
Hyatt, Town Treasurer, for the $13,000 warrant-funding
and $7,000 refunding bonds mentioned in V. 91, p. 819.
Authority, vote of 76 to 14 at election held Sept. 10. Denomination
or $1,000, as purchaser desires. Interest (not to exceed 7%)
semi¬
annual.
Maturity 20 years, subject to call after 5 years.
$500
Greenville, Hunt County, Tex.—Bonds Not Yet Sold.—The
City Clerk writes under date of Sept. 26 that the $100,000
415% coupon street-paving bonds offered without success
on June 20 (V. 91,
p. 52) have not yet been sold.
No Action Yet Taken.—The above-mentioned official also
advises us that no action has yet been taken
looking towards
the issuance of the $70,000 5% 40-year
high-school-construc¬
tion bonds voted (V. 91, p. 416) on Aug. 1.
Hamilton, Caldwell County, Mo.—Bond Sale.—The Wm.
R. Compton Bond & Mortgage Co. of St. Louis,
offering par,
was the successful bidder on
Sept. 3 for the $5,000 5% 5-20year (optional) coupon city-hall, jail and fire-house bonds de¬
scribed in V. 91, p. 602.
Hamilton, Ohio.—Bond Offering.—Proposals will be
re¬
ceived until 12 m. Oct. 21 by H. A. Grimmer,
City Auditor,
for $4,903 North E Street and $4,404 90 Mason Ave.
4)^%
assessment
improvement bonds.
Date July 1 1910.
Interest semi-annual.
Maturity one-tenth of each
Issue yearly from 1911 to 1920 Inclusive.
Certified check for 5% of bid,
payable to the Treasurer, Is required.
Bond Sale.—The six issues of 4%
coupon bonds, aggregat¬
ing $265,950, bids for which were opened on Sept. 6 (V. 91,
p. 742) have been disposed of to the Sinking Fund Trustees
at par.
Hancock County (P. O. Findlay), Ohio.—Bond Sale.—On
Sept. 22 the First National Bank of Cleveland was awarded
$16,500 Isaac Elder and $8,000 C. W. Kraetz 4>^% 7-year
stone-road bonds at 103.78 and 103.34 respectively. The
former issue was disposed of on a basis of about
3.878% and
the latter issue
the bids:
on a
basis of about 3.95%.
Following
$16,500
First National Bank, Cleveland-..
Seasongood & Mayer, Cincinnati
Otis & Hough, Cleveland
American National Bank, Findlay
Buckeye National Bank, Findlay
Fifth-Third National Bank, Cincinnati
Hamilton
bonds.
$8,267
8,256
8,245
8,240
8,191
8,124
17,088
17,070
17,036
16,925
16,924
20
00
25
30
05
25
05
00
00
83
80
County, N. Y.—Bond Sale.—N.
Co. of New York
were
W. Halsey &
awarded the $125,000 5% coupon
(convertible into registered) funding bonds offered
aer
$8,000
$17,123 75
on
and described in V. 91, p. 602.
The price paid was 108.54.
Maturity $6,000 yearly on June 1 from 1921 to 1935 inclusive
and $7,000 yearly on June 1 from 1936 to 1940 inclusive.
Hardin County (P. O. Kenton), Ohio.—Bond Offering.—
Proposals will be received until 12 m. Oct. 3 by Elmer J.
Carey, County Auditor, for $20,000 43^% bridge-construc¬
tion bonds.
Authority Sections 2434, General Code. Denomination $1,000. Date
1 1910.
Interest semi-annually at the County Treasurer’s office.
Maturity $4,000 yearly on Oct. 1 from 1911 to 1915 Inclusive.. Certified
check for $500, payable to the County Auditor, Is required.
Purchaser to
Oct.
pay
were
Gainesville, Hall County, Ga.—Bonds Not Yet Sold.—The
City Clerk writes us under date of Sept. 24 that the $100,000
gold coupon bonds offered without success on July 25 (V. 91,
p. 478) have not yet been disposed of.
Galesburg, Knox County, HI.—Bond Offering.—Proposals
will be received until 12 m. Oct. 3 by Ben J. Huff
Jr., City
Clerk, for $25,000 4^% water-works-improvement bonds.
This is the first installment of an issue of $75,000 bonds.
■em 1-annual.
I
Sept. 20
897
accrued Interest.
Harrisburg, Pa.—Bids.—The following bids were received
Sept. 19 for the $91,000 4% 5-year coupon (Series “A")
on
bonds described
m
Y. 91, p. 666:
First National-Bank and Harrisburg Trust Co
Merchants’ National Bank, Harrisburg
Harris
..$91,010
91,010
County Common School District No. 14, Tex.—
Bonds Not Sold.—We are informed under date of Sept. 24
that no award has yet been made of the $1,200 5% 10-year
bonds described in V. 91, p. 478.
Harris County Common School District No. 31, Tex,-—
Bond Offering.—L. L. Pugh, County School Superintendent
(P. O. Houston), is offering for sale the $6,000 5% bonds
described in V. 91, p. 743.
Denomination $150.
Date May 18 1910.
Interest annually on April 10.
Maturity May 18 1950, subject to call after May 18 1930. These securities
were registered by the State Comptroller on June 17 1910.
Haskell County Common School District No. 19, Tex.—
Description of Bonds.—We are informed that the $1,900 5%
15-20-year (optional) bonds registered by the State Comp¬
troller on Aug. 12 (V. 91, p. 478) are dated July 10 1910.
Interest annually in April.
Hawthorne School District (P. O. Hawthorne), Passaic
County, N. J.—Bond Offering.—Proposals will be received
until 8 p. m. Oct. 3 by the Board of Education, W. T. Gur¬
nee, President, for the following 5% school bonds:
$30,000 bonds.
Denomination $1,000.
Maturity $1,000 yearly from five
Sears to thirty-four years inclusive.
onds.
Denomination $500.
Maturity $500 yearly from ten
years to eighteen years inclusive.
Interest semi-annually at the Paterson National Bank in Paterson.
Certified check for 5% of bid is required.
Lee R. Clough is District Clerk.
Horry County (P. O. Conway), So. Caro.—Bonds Pro¬
posed.—This county, it is stated, is considering the issuance
of $100,000 highway bonds.
Houston County Common School District, Tex.—Bonds
Registered.—On Sept. 19 the State Comptroller registered
$1,600 5% 5-20-year (optional) bonds.
Huichica School District, Sonoma County, Cal.—Bond
Election.—Reports state that a special election will be held in
October to vote on a proposition to issue $6,000 school-house
bonds.
Jamestown School District (P. O.
Jamestown), Chautau¬
County, N. Y.—Bonds Voted.—At the election held in
tnis district Sept. 27 (V. 91, p. 743), the
proposition to issue
$25,000 school-building-completion and addition bonds was
authorized by a vote of 27 “for” to 21 “against.”
Jefferson County (P. O. Birmingham), Ala.—Bonds Pro¬
posed.—-The question of issuing $1,000,000 road-improve¬
ment and $500,000 court-house bonds is
being discussed.
Johnston City, Washington County, Tenn.—Purchaser
of
Bonds.—The two issues of 5% coupon normal school bonds,
aggregating $150,000, sold on Sept. 17, as stated in V. 91,
p. 820, were purchased by the Union Savings Bank & Trust
qua
Co. of Cincinnati at par.
Johnstown, Weld County, Colo.—Bond Election Proposed.
on the question of
issuing
$12,000 water bonds. Up to Sept. 23, however, no date
—An election is to be held to vote
had been decided upon.
Kalamazoo School District No. 1 (P. O. Kalamazoo),
Mich.—Bonds Re-awarded.—The $15,000 4^% coupon build¬
ing and improvement bonds awarded on July 5 to the Detroit
Trust Co. (V. 91, p. 108), have been
re-awarded, it is stated,
to the Harris Trust &
Savings Bank of Chicago at 101.833.
It is further stated that the first sale fell
through because of
legal technicality.
Kenton, Hardin County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 m. Oct. 17 by Will F. Alt*
City Auditor, for the following coupon bonds:
a
$850 5% Local Sewer No. 5 construction bond*.
Denomination $425.
Date July 5 1910.
Maturity $425 on April 1 la each of the years
1913 and 1916.
1,800 4M% water-main-extension
bonds.
Denomination
$600.
Date
Aug. 1 1910. Maturity April 1 1915.
2,700 5% East Lawn sewer-construction bonds.
Denomination $450.
Date Aug. 1 1910.
Maturity $450 yearly on April 1 from 1912
to 1917 inclusive.
1,545 5% Main Street improvement bonds.
Denomination $515.
Date
Aug. 1 1910. Maturity $515 on April 1 in each of the years 1912,
1914 and 1916.
/
Authority Section 2835, Revised Statutes. Interest semi-annually at
City Treasurer’s office.
Bonds are exempt from all taxes and will be
delivered within five days from the time of award.
Certified check for
5% of bid, payable to the Sinking Fund Trustees, is required.
Purchaser
to pay annual Interest.
the
Lake Charles, Calcasieu Parish, La.—Bonds Authorized.—
Ordinances have been passed providing for the issuance of
the
following 5% gold
(V. 91, p. 230.)
coupon
bonds voted
on
July 14
/
$75,000 city-hall bonds. Maturity on Jan. 1 as follows: $2,000 In each of
years 1912, 1914, 1916 and 1918, $3,000 In eaoh of the years 1920
1922, 1924 and 1926, $4,000 In 1928 and 19S0, $5,000 In 1932
and $6,000 every even year from 1934 to 1946 Inclusive.
25,000 fire-station bonds. Maturity on Jan. 1 as follows: $1,000 every
even year from 1912 to 1932 Inclusive and $2,000
every even year
\ from 1934 to 1946 Inclusive.
Denomination $1,000. Date Jan. 1 1910. Interest annually at the
City Treasurer’s office In Lake Charles or at the national Parte Bank In New
York City, at the option of the holder
808
IVol
THE CHRONICLE
LXXXX1
Lawrence, Mass .—Bids.—We are advised that in addition
to the successful bid of 101.531 and accrued interest, sub¬
tion to issue the $75,000 court-house bonds mentioned in
V. 91, p. 821, they will be issued in coupon form and bear
mitted on Sept.
the $70,000 4%
5% interest.
23 by Geo. A. Fernald & Co. of Boston, for
1-20-year (serial) coupon sewer bonds (V. 91,
p. 820), twelve other offers were also received.
Lehi School District (P. O. Lehi), Utah County, Utah.—
Purchaser of Bonds.—The Utah State Land Board was the
urchaser of the $30,000 5% 5-20-year (optional) schooluilding bonds sold (V. 91, p. 743) during August. The
price paid was par. Denomination $1,000.
Leon County Common School District No. 30, Tex—Bond
Sale.—'The $7,500 5% 1-40-year (serial) bonds described in
V. 91, p. 417, have been sold.
Lincoln, Neb.—Bond Sale.—An issue of $6,600 Paving Dis¬
trict No. 146 bonds dated Oct. 1 1910 was sold on Sept. 19
to the Lincoln Safe Deposit Co. of Lincoln at “par, -with
bonds furnished
Logan County (P. O. Beliefontaine), Ohio.—Bond Offering.
—Proposals will be received until 1 p. m. Oct. 10 by W. S.
Jones, County Auditor, for $19,000 4^£% ditch-construction
bonds.
Denomination $500.
Date Oct. 10 1910.
Interest Jan. 1 and July 1
at the Treasurer’s office.
Maturity $1,500 every six months from July 1
1911 to Jan. 1 1916 Inclusive, $2,000 July 1 1916 and $2,000 Jan. 1 1917.
Each bidder must deposit $200 in cash with the County Treasurer.
Pur¬
chaser to pay accrued Interest.
Official advertisement states that there
has never been any default in the payment of principal or Interest.
Bid¬
ders to satisfy themselves as to the legality of the bonds before submitting
offers.
(P. O. London), Freeborn County,
Minn.—Bond Sale.—The $3,500 4% bonds recently voted
(V. 91, p. 479) have been sold to the Scate of Minnesota at
par.
Denomination $500. Interest annually in July. Ma¬
turity part yearly from 1916 to 1922 inclusive.
Lorain, Lorain County, Ohio.—Bond Offerings.—Proposals
will be received until 12 m. Oct. 4 by E. P. Keating, City
Auditor, for $20,000 4J^% coupon river-improvement bonds.
London School District
Authority Section 3939, General Code.
Denomination $1,000.
Date
Interest semi-annual.
Maturity Sept. 15 1920. Certified
check on a national bank for $1,000, payable to the Treasurer, is required.
Sept. 15 1910.
Proposals will also be received until 12 m. Oct. 8 by E. P.
Keating, City Auditor, for $30,000 4)^% coupon sewer bonds.
Denomination $500.
Authority Section 3914, General Code.
Date
Sept. 1 1910. Interest March 15 and Sept. 15.
Maturity $2,500 March 15
Sept. 15 each year from 1912 to 1916 inclusive and $500 yearly
on Sept. 15 from 1917 to 1921 inclusive.
Certified check on a national bank
for $1,500, payable to the Treasurer, is required.
and $3,000
Lower Merion Township School District, Montgomery
County, Pa.—Bond Offering.—Proposals will be received
until 8 p. m. Oct. 12 by Wm. J. Byrnes Jr., Secretary, 122
Coulter Ave., Ardmore, for $80,000 4^% coupon bonds, for
the purchase of grounds and the erection of schools.
to
Maturity $7,500 yearly on Jan. 1 from 1921
1930 inclusive.
Marysville (City and Township), Marshall County, Kan.—
Bonds Voted.—At the election held Sept. 20 the proposition
to issue the $8,000 bridge bonds mentioned in V. 91, p. 744,
carried.
The vote in the city, it is stated, was 247 to 54,
and in the township it was 46 to 77.
Massachusetts.—Temporary
Loans.—Dispatches
report
that loans aggregating $1,000,000, have been negotiated
the State Treasurer.
It is further stated that part of
loans mature from Nov. 7 to Nov. 17 1910.
by
the
Massillon, Stark County, Ohio.—Bonds Authorized.—This
city, according to local papers, has authorized the issuance of
$2,641 Brown Street bonds.
Matagorda County Common School District, Tex.—Bond
Sale.—The $3,500 5% 12-20-year (optional) bonds registered
by the State Comptroller on Aug. 8 (V. 91, p. 479) were sold
during that month to the Matagorda County Permanent
School Fund at par.
Denomination $100. Date Aug. 1910.
Interest annually in April
Marshallville, Macon County, Ga.—Bond Offering.—Pro¬
posals will be received until 12 m. Oct. 12 by R. H. Richard,
Mayor, for $10,000 5% gold coupon school-building bonds.
sold.” areInterest
«(Denomination
$100. Date
“whenBonds
in
arshallvllle.
30 years.
exemptsemi-annually
from city tax.
Maturity
Certified check for 5% of bonds, payable to the Mayor, Is
debt at present.
Assessed valuation $265,000.
required.
No
Mattoon Township (P. O. Mattoon City), Ill.—Bond Offer¬
ing Postponed.—The offering of the $46,000 4% refunding
bonds which was to have taken place Oct. 4 (V. 91, p. 541)
has been postponed.
Medford, Mass.—Temporary Loans.—Reports state that
the following loans have been negotiated with Blake Bros.
& Co. of Boston at 4.24% discount: $50,000 due March 20
1911 and $25,000 due April 20 1911.
Meridian, Miss.—Bond Offering.—Proposals will be re¬
ceived until 8 p. m. Oct. 11 by J. W. Parker, Mayor, for
$50,000 5% coupon drainage bonds.
Denomination $1,000.
Date Oct. 1 1910.
Interest semi-annual.
Ma¬
turity 30 years.
Bonds are exempt from municipal tax.
Certified check
for $1,000, payable to the Mayor, Is required.
Bonds will be certified as
to genuineness by the United States Mortgage & Trust Co. of New York
City and their legality will be approved by Woods & Oakley, of Chicago,
free of charge to purchaser.
Independent School District (P. O. Milford), Ellis
County, Tex.—Bonds Not Yet Sold.—The District Secretary
writes us under date of Sept. 26 that the $5,000 5% 20-40year (optional) school-building bonds, the unsold portion of
Denomination $1,000.
Date Oct. 1 1910.
Interest semi-annually in
the $20,000 issue mentioned in V. 91, p. 667, have not yet
Ardmore.
Maturity $20,000 each Oct. 1 In the years 1925, 1930, 1935 and
been disposed of.
Certified check for 2% of bid
$20,000 April 1 1940.
Bonds are tax-free.
Is required.
The legality of these bonds has been approved by Messrs,
Minneapolis, Minn.—Bonds Not Sold.—No bids were re¬
Morgan, Lewis & Bockius of Philadelphia, whose opinion will be furnished
to the purchaser.
ceived on Sept. 22 for the two issues of 4% 30-year bonds,
Bonds will be delivered before Nov. 10 1910.
Pur¬
chaser to pay accrued interest.
aggregating $425,000, described in V. 91, p. 603.
These bonds were offered as 4s on Sept.. 28 (V. 91, p. 820.)
A bid of par
for $20,000 bonds was the only one received on that day.
This offer was
Mobile, Ala.—Bonds Not Yet Re-Offered.—The Mayor in¬
rejected.
forms us that the $117,000 5% coupon public-works bonds
Lowryville School District (P. O. Lowryville), Chester offered without success on Aug. 15 (V. 91, p. 479) have not
County, So. Caro.—Bond Sale.—The National Exchange
Bank of Chester was awarded on Sept. 6, we are advised, yet been re-offered for sale.
Modesto, Cal.—Bond Offering.—Proposals will be received
the $4,000 5% 20-year coupon school-building bonds de¬
until 8p.m. Oct. 12 by W. O. Thompson, Clerk of Board of
scribed in V. 90, p. 1696, at par.
Lucas County (P. O. Toledo), Ohio.—Bid.—In addition to Trustees, for the following 5% coupon bonds voted on Sept. 6
1910.
the successful bid of par and accrued interest less $125 for $65,000 sewer-improvement bonds. Authority vote of 401 to 139.
15,000 water-works bonds.
Authority vote of 429 to 109.
legal expenses, submitted on Sept. 20 by Stacy & Braun of
10,000 street-improvement bonds.
Authority vote of 370 to 155.
Toledo, for the $18,151 66 4% road-improvement fund bonds
10,000 fire-apparatus bonds.
Authority vote of 422 to 110.
Denomination $500.
Interest June 1 and Dec. 1 at the City Treasurer’s
(V. 91, p. 820), an offer of par and accrued interest less the
office.
Maturity $2,500 yearly on Dec. 1 from 1910 to 1949.
Certified
cost of expenses was also received from Seasongood & Mayer
check on a bank in California for 10% of bid, payable to the Treasurer, Is
of Cincinnati.
required.
McCulloch
County (P. O. Brady), Tex.—Bond Election.—
An election will be held to-day (Oct. 1) to vote on the
question of issuing $44,000 5% 5-40-year (optional) bridgeconstruction bonds.
Madera School District, Madera County, Cal.—Bond Sale.
—On Sept. 19 the $75,000 5% bonds described in V. 91,
p. 744, were sold to the
and accrued interest.
follows:
Milford
State Board of Examiners at 104.766
A list of the
proposals submitted
State Board of Examiners.__$78,5751 Wm. R. StaatsCo., Los Ang $76,567
N. W. Halsey & Co., San Fr_ 78,1001 Harris Trust & Sav. Bk.,Chlc 76,525
E. H. Rollins & Sons, San Fr. 77,310] Jas.H.Adams&Co.,San Fran
75,751
All bidders offered accrued Interest in addition to their bids.
Maturity
part yearly from one to forty years inclusive.
Magnet, Cedar County, Neb.—Bond Offering.—Further
details are at hand relative to the offering of the $4,000 5%
coupon water-works bonds mentioned in V. 91, p. 820.
Proposals for these bonds will be received any time by R. R.
Larson, Village Clerk.
Authority Chapter 14 a 1, Subdivision XV, Statutes of 1909.
Denomi¬
nation $500.
Date Oct. 1910.
Interest annually at Magnet.
Maturity
20 years, subject to call after 5 years.
Bonds are tax-exempt.
No
deposit is required. The village has no debt at present.
■
Monguagon Township School District, Wayne County,
Mich.—Bond
p. m.
Offering.—Proposals were asked for until 7:30
yesterday (Sept. 30) for $9,500 4)^% bonds.
bonds of $500 each and 4 bonds of $1,500 each.
Denominations: 7
turity $500 yearly from 1911 to 1917
Ma¬
inclusive and $1,500 in each of the
N. A. Mans (P. O. Trenton) is Secretary.
years 1918, 1919, 1920 and 1921.
The result of this offering was not known to us at the hour of going to press.
Monrovia, Los Angeles County, Cal.—Bond Offering.—
Proposals will be received until Jan. 1 1911 by C. H. Reed Jr.,
City Clerk, for $50,000 water and $120,000 sewer 5% gold
coupon bonds.
Date Jan. 1 1910. Interest payable
Treasurer’s office.
Bonds are tax-exempt. Certified check for
10%, payable to the City Clerk, is required.
Denominations $500 and $625.
at the City
Montezuma Valley Irrigation District (P. O. Cortez),
Montezuma County, Colo.—Bond Offering.—Proposals will
be received until 4 p. m. Oct. 18 by the Board of Directors,
S. J. Smith, Secretary, for the $125,000 6% bands (second
issue) offered but not sold on May 16. See V. 91, p. 479.
Morehead City, Cartaret County, No. Caro.—No Bond
Offering.—In reply to our inquiry as to whether or not the
reports are true that proposals would be received until
Oct. 24 for $20,000 5^% bonds, the City Treasurer informs
Manitou, El Paso County, Colo.—No Bonds Authorized.— us that no bonds will be sold at present.
The Recorder informs us that there is no truth in the reports
Morristown,' Schnasse County, So. Dak.—Bond Sale.—
that this town has authorized the issuance of bonds for the
Ulen,
Sutherlin & Co., of Chicago, offering par and accrued
construction of a reservoir.
interest,
were the successful bidders on Sept. 27 for the $5,000
Marion County (P. O. Buena Vista), Ga.—No Bonds
6%
Ma¬
coupon refunding bonds described in V. 91, p. 821.
Voted.—We are advised that the reports stating that this
turity 5, 10 and 15 years.
county voted on Sept. 6 to issue $50,000 5% bonds are
Moss Point, Jackson County, Miss.—Bond Sale.—The
erroneous.
$15,000 6% coupon street-improvement bonds bids for which
Marshall County (P. O. Madill), Okla.—Description of were rejected on Aug. 2 (V. 91, p. 418) were sold on Aug.'25
Bonds.—If a favorable vote is polled Nov. 8 on the proposi¬ to John Nuveen & Co. of Chicago.
Oct.
11910.]
THE CHRONICLE
PMt. Pleasant Independent School District (P. 0. Mt.
Pleasant), Titus County, Tex.—Bonds Not Yet Sold.—Up to
Sept. 23 no award had yet been made of the $22,000 bonds
—the unsold portion of the issue of $32,000 5% 10-40-year
(optional) bunding bonds mentioned in V. 91, p. 479.
Mt. Vernon, Westchester County, N. Y.—Bond Offering
Postponed.—The offering of the $20,000 43^% 23-26-year
(serial) coupon fire and police department building bonds,
which was to have taken place Oct. 4 (V. 91, p. 821), has been
postponed.
Newark, N. J.—Bond Sale.—The Sinking Fund Commis¬
sion of this city purchased on Sept. 29 $100,000 4% water
bonds at par and accrued interest.
Newark, Licking County, Ohio.—Bonds Authorized.—
Ordinances have been passed by this city authorizing the
following bonds:
$6,550 North Williams Street paving bonds.
1,850 Eighth St. paving bonds.
Denomination three bonds of $500 each
and one of
$350.
Maturity $500 yearly on Jan. l from 1916
to 1918 inclusive and $350 Jan. 1 1919.
6,550 South Fourth Street paving bonds.
Denomidation six bonds of
$1,000 each and one of $550.
15,950 North Fourth St. paving bonds.
Denomination fifteen bonds of
$1,000 each and one of $950.
1,765 Hudson Av. sewer bonds.
Denomination two bonds of $500 each
and one of $765.
Maturity $500 on Jan. 1 in each of the years
1913 to 1914 and $765 Jan. 1 1915.
1,470 Mouli St. sewer bonds.
Denomination two bonds of $500 each
and one of $470.
Maturity $500 on Jan. 1 in each of the years 1912
to 1913 and $470 Jan. 1 1914.
4,225 Hudson Av. paving bonds.
Denomination eight bonds of $500
each and one of $725.
3,950 Buena Vista St. paving bonds.
Denomination three bonds of $1,000
each and one of $950.
New
Carlisle, Clark County, Ohio.—Bonds Voted.—The
27 resulted in favor of the proposition
election held Sept.
to issue the $20,000
water-works bonds mentioned in V. 91,
p. 745.
The vote was 204 to 94.
Niles School District (P. O. Niles), Berrien County, Mich.
—rBonds Voted.—This district on Sept. 19 voted in favor of
issuing $35,000 additional school-building bonds. A similar
proposition was defeated at an election held (V. 91, p. 667)
Aug. 29.
Norfolk, Madison County, Neb.—Bond Sale.—The issue of
$12,000 paving bonds mentioned in V. 91, p. 480, was sold
recently to the Norfolk National Bank in Norfolk.
Norfolk, Va.—Bond Sale Completed.—The sale of the
$706,000 43^% bonds to N. W. Harris & Co. of New York
City has been completed, the firm mentioned having recently
notified the city that it would exercise its option on the
remaining $450,000 bonds. See V. 91, p. 821. The Finance
Committee met Sept. 26, closing the transaction under
authority of the Council.
Norman, Cleveland County, Okla.—Bonds Not Sold.—No
bids were received on Sept. 20 for the $15,000 5% 20-year
public-sewer-extension bonds described in V. 91, p. 745.
North Andover, Essex County, Mass.—Bond Sale.—On
Sept. 29 the $15,000 4% coupon sewer bonds described in
V. 91, p. 822, were awarded, it is stated, to E. M. Farns¬
worth <fe Co. of Boston at 103.85.
Maturity $1,000 July 1
1927 and $2,000 yearly on July 1 from 1928 to 1934 inclusive.
North Fond Du Lac, Fond Du Lac County, Wis.—Bond
Election Proposed.—It is stated that an election may be held
to authorize an issue of $30,000 bonds for the purchase of the
plant of the Sand Rock Water Co.
Nottingham, Cuyahoga County, Ohio.—Bond Sale.—The
$15,000 43^% water-main-construction (village’s portion)
bonds described in V. 91, p. 745, were sold on Sept. 24 to the
Tillotson & Wolcott Co. of Cleveland at 102.71 and accrued
interest.
A list of the bidders follows:
Tillotson & Wolcott Co.,
Seasongood & Mayer, Cin¬
Cleveland
cinnati
$15,406 50
$15,363
C. E. Denison & Co., Clev. 15,394 75 Breed & Harrison, Cincln. 15,271
Hayden, Miller & Co., Clev.15,382 50 Farson, Son & Co., Chicago 15,232
Stacy & Braun, Toledo
15,379 50 Otis & Hough, Cleveland. 15,228
Well, Roth & Co.. Cincln. 15,377 50 S. A. Kean & Co., Chicago 15,157
Maturity part yearly on July 1 from 1917 to 1922 Inclusive.
00
51
30
50
50
1
1
sm
Orange County (P. O. Goshen), N. Y.—Bonds Not Sold.—
No sale was made on Sept. 26 of the $65,000 4% coupon jail
and court-house bonds described in Y. 91, p. 822.
We are
informed that they will be re-advertised at a higher rate of
interest.
Osyka, Pike County, Miss.—Bond Offering.—Proposals
8p.m. Oct. 11 (date changed from Oct.
4) for the $20,000 6% water-works and electric-light bonds
voted Aug. 16 (V. 91, p. 480).
will be received until
Interest semi-annually in New
tified check for $500 is required.
York City. Maturity Oct. 4 1930.
Clinton Thompson is Mayor.
Cer¬
Otero Irrigation District (P. O. La Junta), Otero County,
Colo.—Bonds Not Yet Sold.—Up to Sept. 26 no sale had yet
been made of the $150,000 6% irrigation bonds offered
without
success
(V. 91,
p.
418)
on
June 8.
Palacios Independent School District (P. O. Palacios),
Tex.—Bonds Voted.—A proposition to issue $25,000 40-year
bonds
vote
carried, it is stated, at
was
100 to 18.
an
election held Sept. 17. The
Palestine, Anderson County, Tex.—Bond Offering.—Pro¬
posals will be received until 3 p. m. Oct. 17 by A. L. Bowers*
Mayor, for $17,000 public park and $9,000 fire-equipment
5% bonds voted Sept. 6.
Date Oct. 1 1910.
Interest semi-annually at Palestine or Austin, or
Park National Bank in New York City, at option of holders.
Maturity
Oct. 1 1950, subject to call after Oct. 1 1920.
Official circular states that
there is no controversy or litigation pending or threatening as to the cor¬
porate existence or the boundaries of the city, the title of its present officials
to their respective offices, or as to the validity of any outstanding bonds,
also that there has never been airy default in the payment of Interest or
principal when due.
Bonds are free from taxation in Texas.
Certified
check (or cash) for $500 is required.
Purchaser to pay accrued Interest.
Pemberton
Township (P. O. Broun Mills), Burlington
County, N. J.—Bonds Not to Be Offered at Present.—We are
advised that the $15,000 road bonds voted during August
(V. 91, p. 418) will be offered for sale about Jan. 1.
Peoria, HI.—Bond Sale.—This city has disposed of $10,000
5% sewer-construction bonds at par and accrued interest to
the Green & Sons Construction Co. of Peoria in payment for
work done.
Denomination $1,000.
Date July 1 1909.
from 1910 to 1929 inclusive.
Interest annual.
Maturity
Philip, Stanley County, So. Dak.—Bond Sale.—The
$13,000 5% 10-20-year (optional) water-works bonds, bids
for which were rejected on Aug. 8 (V. 91, p. 480) have been
awarded to C. H. Coffin of Chicago.
Pigeon, Huron County, Mich.—Bond Offering.—Further
details are at hand relative to the offering on Oct. 17 of the
$14,000 5% coupon water-works-construction bonds men¬
tioned in V. 91, p. 822.
Proposals will be received until
12 m. on that day by E. W. E. Bundscho, Village Clerk.
Authority Section 2890-2900 Comp. Laws of 1897.
Denomination $500.
Sept. 1 1910.
Interest annually at the First National Bank in
or Pigeon State Bank in Pigeon.
Maturity $500 yearly on Sept. 1
from 1914 to 1927 Inclusive and $1,000 yearly on Sept. 1 from 1928 to 1934
inclusive.
Bonds are exempt from all taxation.
Certified check for 2%
of bid, payable to the Village Treasurer, is required.
No debt at present.
Date
Detroit
Assessed valuation $289,790.
Plainview, Hale County, Tex.—Bond Offering.—This city
the $10,000 5% city-hall bonds described
is offering for sale
in V. 91, p. 480.
Denomination
Maturity 40
Date April 18
$1,000.
subject to call after 20
years,
1910.
Interest
semi-annual.
years.
Plano, Collin County, Tex.—Bonds Voted.—Issues of
$1,500 street, $1,500 water-works and $8,000 sewerage bonds
were favorably voted at an election held
Sept. 24.
Pleasant Ridge, Hamilton County,Ohio.—Bond Election.—
Postponed.—The election which was to have been held
Sept. 26 (V. 91, p. 746), to vote on the question of issuing
the $12,500 sewer bonds, was postponed.
Portland, Me.—Note Sale.—On Sept. 26 the $56,000 notes
described in V. 91, p. 822, were sold to Blake Bros. <fe Co. of
Boston at 4.50% interest and $1.50 premium.
The other
bidders
were:
Old
Colony Trust Co., Boston
Lorlng, Tolman & Tup per, Boston
Maturity Jan. 1 1911.
_4.73% Interest
4.74% interest
Ogallalla School District No. 1 (P. O. Ogallalla), Keith
Portland, Ore.—Bond Offering.—Proposals will be re¬
County, Neb.—Bond Sale.—The $22,000 school bonds offered
without success on July 25 (V. 91,p. 418), have been disposed ceived until 2 p. m. Nov. 7 by A. L. Barbur, City Auditor,
for $500,000 4% gold bridge-construction bonds.
of at private sale to Chicago investors.
Denominations $500 or $1,000.
Date July 1 1909.
Interest semi¬
Okanogan, Okanogan County, Wash.—Bond Offering.— annually
at the City Treasurer’s office.
Maturity July 1 1939.
Certified
This town is offering at private sale the $6,000 6% 10-20-year check on a bank In Portland for 5% of bonds bid for, payable to the Mayor,
is required.
(optional) water-works bond offered but not sold on July 28.
The official notice of this bond offering will be found among
(V. 91, p. 354.)
Oklahoma City School District (P. O. Oklahoma City), the advertisements elsewhere in this Department.
Okla.—Bond Offering.—Proposals will be received until 8
Port Tampa City, Hillsboro County, Fla.—Bond Offering.
p. m. Oct. 3 by Gus A. Elbow, Secretary Board of Education, —Proposals will be received until 4 p. m. Nov. 1 by R. E.
tor $135,000 school-building bonds.
Bids are requested for Davis, City Clerk, for the $25,000 5% gold coupon water¬
works bonds mentioned in V. 91, p. 418.
4J^% and 5% bonds.
«
Date Oct. 1 1910.
Interest semi-annual.
Maturity 20 years. The
opinion of Messrs. Storey, Thorndyke, Palmer & Dodge of Boston as to
the legality of these bonds will be furnished by the Board of Education.
Certified check for $5,000 is required.
,
Denomination 31,000.
Date July 1 1910.
Interest semi-annually at
Maturity July 1 1930.
Certified check for $1,000,
payable to T. A. Moody, City Treasurer, Is required.
No debt at present.
Assessed valuation 1910 $370,000.
the Treasurer’s office.
Prince George’s County (P. 0. Upper Marlboro), Md.—
Omaha, Neb.—Bond Offering.—Proposals will be received
Oct. 5 by Milton T. Barlow, Chairman of Bond Offering.—Frederick Sasscer, Secretary, Treasurer and
Water Board, for the $6,500,000 4% coupon bonds voted County Superintendent, will sell at public auction at 12 m.
May 4 1909 for the purchase of the plant of the Omaha Water Oct. 11 an issue of $8,000 5% 30-year coupon bonds for the
erection and equipment of a school-house-building in the
Co.
See V. 90, p. 1502.
Denomination $1,000.
Date Oct. 1 1910.
Interest semi-annually at
second precinct of the thirteenth district.
the office of Kountze Bros, in New York City.
Maturity 30 years. Certi¬
fied or cashier’s check for $50,000, payable to the “city of Omaha”, is re¬
Putnam County (P. O. Ottawa), Ohio.—Bond Sate.—On
quired.
Sept. 24 the two issues of 5% coupon stone-road-improve¬
Orangeburg, Orangeburg County, No. Caro.—Bond Elec¬ ment bonds aggregating $37,000, described in V. 91, p. 746,
tion.—This city on Oct. 25 will, it is stated, submit to the were sold to the Davies-Bertram Co. of Cincinnati at 104.913
voters a proposition to issue $20,000
and accrued interest.
A list of the bidders follows:
railway-aid bonds.
until 3 p. m.
900
THE CHRONICLE
Davles-Bertram Co., Cln_$38,818 00 Well, Roth & Co.. Cln
$38,702 00
38,799 00 Breed & Harrison, Cln... 38,681 20
Filth-Third Nat. Bk.f Cln. 38,762 15 Otis & Hough, Cleveland. 38,634 00
Stacy & Braun. Toledo-.. 38,751 00 Citizens’S.D.&Tr.Co.,Tol. 38,622 50
Hayden,Mlller&Co.,Cleve. 38,743 00 Prov. S. B. & Tr. Co., Cln. 38,548 50
Seasongood & Mayer, Cln. 38,731 55 S. A. Kean & Co., Chicago 38,036 86
Maturity part of each Issue yearly on Oct.l from 1914 to 1919 Inclusive.
Tillotson&WoloottCo.,Clev
Randolph School District (P. O. Randolph), Cedar County,
Offering.—Proposals will be received any time
by S. O. Reese, District Secretary, for $15,000 5% coupon
school-building bonds recently voted.
Neb,—Bond
Denomination $1,000. Date Sept. 1 1910. Interest payable annually
City. Maturity Sept. 1 1930, subject to call after Sept. 1
In New York
1920.
Present bonded debt $7,400.
Rappahannock County (P. O. Washington), Va.—Bond
Offering.—Proposals will be received until 10:30
a. m.
Nov. 1
by W. C. Armstrong, Clerk of Board of Supervisors, for
$10,000 5% coupon road-improvement bonds.
Denomination $500.
Date Jan. 1 1911.
Interest annually at the County
Treasurer’s office.
Maturity Jan. 1 1945, subject to call after Jan. 1 1916.
Bonds are exempt from county and district taxation.
Certified check for
10% of bid, payable to the Board of County Supervisors, Is required.
Red Lodge School District No. 1 (P. O. Red Lodge),
Carbon County, Mont.—Bond Sale.—It is just reported that
an issue of $11,000
15-20-year (optional) building bonds,
offered on May 18, was awarded on May 28 to the State of
Montana at par for 5s.
Red Wing School District (P. O. Red Wing), Goodhue
County, Minn.—Bond Sale.—An issue of $4,000 4^%
refunding building bonds was awarded on Sept. 13 to the
Bank of Pierce, Simmons & Co. of Red Wing at par.
Denomination $500.
Date Oct. 1 1910.
Interest Jan. and July.
Ma¬
turity $1,000 July 1 in each of the years 1915, 1916, 1917 and 1918.
Richland Center, Richland
County, Wis.—Bond Offering.
—Proposals will be received until 7p.m. Nov. 15 by Reuben
Sutton, City Clerk, for $25,000 4% city-hall erection bonds.
Authority Sections 925-133, Laws of 1898 and amendments thereto; also
vote of 287 to 263 at election held Aug. 15 1910.
Denomination $1,250.
Date Feb. 1 1911.
Interest annually, “probably payable at Chicago.’’
Maturity $1,250 yearly on Feb. 1 from 1912 to 1931 Inclusive.
Bonds are
taxable.
Certified check for 2% of bid, payable to “the City of Richland
Center,” Is required. Purchaser to furnish all necessary blanks and litho¬
Offiolal report states that there Is no litigation pending or threat¬
graphs.
ened nor has there ever been any default In payment of principal or Interest.
Bonded debt, lnoludlng this Issue, $39,000.
000.
Real value (estimated), $2,500,000.
Assessed valuation, $2,000,-
Ridge Township School District, Van Wert County, Ohio.
Voted.—Reports state that this district recently
voted in favor Of issuing $35,000 school bonds.
Rippey, Green County, Iowa.—Description of Bonds.—We
are advised that the $7,000
10-20-year (optional) water¬
works bonds sold to Geo. M.‘ Bechtel & Co. of
Davenport
(V. 91, p. 822) carry interest at the rate of 6%. The securi¬
ties were awarded on July 29 and brought 100.50.
Rome, Ga.—Bond Election.—Papers state that at the gen¬
—Bonds
eral election Nov. 8
propositions to issue $100,000 school,
$50,000 street, $50,000 sewer and $75,000 water-works
bonds will be presented to the voters for their
approval or
disapproval.
Romney, Hampshire County, W. Va.—No Action Yet
Taken.—Up to Sept. 23 no further action had yet been taken
looking towards the holding of the water-bond election men¬
tioned in V.
91, p. 418.
Roxboro, Person County,
No. Car.—Bond Offering.—
Further details are at hand relative to the offering
on Oct. 10
of the $25,000 5% coupon water and
street-improvement
bonds mentioned in V. 91, p. 822.
Proposals will be received
until 7:30 p. m. on that day by A. M. Burns, Town Clerk.
Authority Chapter 142, p. 366, Private Laws of 1907. Denomination
$500.
Interest semi-annually In Roxboro. Maturity 30 years.
Bonds
are exempt from town-tax.
Certified check for $1,000, payable to W. F.
Long, Treasurer, is required.
Bonded debt. Including this Issue, $55,000.
No floating debt.
Assessed valuation $683,721.
Runnels
County (P. O. Ballinger), Tex.—Bonds Defeated.—
The proposition to issue the $60,000 Precinct No. 1 road
bondf mentioned in V. 91, p. 746, was defeated at the election
held|Sept. 17.. The vote was 242 “for” to 225 “against,” a
two-thirds majority being necessary.
The election held Sep. 24 is said to have resulted in the de¬
feat of the question of issuing the $25,000 bonds for the im¬
provement of roads in District No. 2. See V. 91, p. 746.
Russell County (P. O. Lebanon), Va .—Bond
Offering.—
Proposals will be received by L. L. Bays, Committee, for
$25,000 5% 25 and 30-year road-improvement bonds.
'4
Sac County (P.O. Sac City), Iowa.—Purchaser
of Bonds.—
We are advised that the purchaser of the $30,000
5^%
6-11-year (serial) Drainage District No. 29 bonds disposed
of Jon Sept. 14 was the Investors Securities Co. of Des Moines.
The price paid was par and accrued interest.
Denomination
$500.
Date 0#t.
St.
1
1910.
Interest semi-annual.
Board of
bonds:
[VOL.
LXXXXI.
Supervisors, according to reports, for the following
$600,000 5% school bonds.
200,000 5% Hall of Justice bonds.
200,000 5% hospital bonds.
144,000 4H% Polytechnic High School bonds.
Bids must be made on forms furnished by the city.
San
Mateo, San Mateo County, Cal.—Bonds Voted.—Ac¬
cording to reports, the issuance of sewer and fire improve¬
ment bonds was recently authorized by the voters.
Bonds Defeated.—It is also reported that
propositions to
issue bonds for “city hall, paving and the like” were defeated.
San Patricio County (P. Q. San Antonio), Tex.—Bonds
Voted.—It is stated that an election held Sept. 22 resulted in
favor of the issuance of $100,000
road-improvement bonds.
Saranac Lake, Franklin County, N. Y.—Bond
Offering.—
Proposals will be received until 12 m. Oct. 3 by Seaver A.
Miller, Village Clerk, for the following registered or coupon
bonds at not exceeding 4J^% interest.
$40,000 paving bonds.
Denomination $1,000.
Date Sept. 1 1908.
Ma¬
turity $4,000 yearly on Sept. 1 from 1917 to 1926 Inclusive.
15,000 paving bonds.
Denomination $1,000. Date Sept. 1 1909.
Ma¬
turity $1,000 yearly on Sept. 1 from 1916 to 1930 Inclusive.
28,000 water bonds.
Denomination $1,000. Date May 1 1910.
Ma¬
turity $1,000 yearly on May 1 from 1940 to 1967 Inclusive.
15,000 fire-house bonds.
Denomination $600.
Date July 1 1910.
Ma¬
turity $600 yearly on July 1 from 1915 to 1939 Inclusive.
9,000 crematory bonds.
Denomination $500.
Date Aug. 1 1910. Ma¬
turity $500 yearly on Aug. 1 from 1915 to 1932 Inclusive.
Authority, Chapter 414, Laws of 1897, and amendments thereto. Inter¬
est semi-annually at Saranac Lake In New York
exchange on the paving
bonds at the Adirondack National Bank and on the other Issues at the
Saranac Lake National Bank.
Certified check on a-national bank for 5%
of bid Is required.
Scotland County (P. O. Memphis), Mo.—Bond Sale.—On
June 1 this county issued $50,000 6% registered
Drainage
District bonds for draining land in Fabius Bottom.
Interest
semi-annually at the County Treasurer's office in Memphis.
Shawnee, Perry County, Ohio.—Bond Sale.—On Sept. 26
the $7,800 6% Main-Street improvement assessment oonds
described in V. 91, p. 823, were awarded to C. E. Denison &
Co. of Cleveland at 107.27 and accrued interest.
Following
are the bids:
C. E. Denison &
Co., Clev.$8,367
Hayden, Miller & Co., Clev. 8,360
Well, Roth & Co., Clncln._ 8,297
Seasongood & Mayer, Cln. 8,270
Maturity part yearly on Sept. 1
New First Nat.Bk., Colum.$8,245
Shawnee Bank Co., Shawnee 8,150
Stacy & Braun, Toledo
8,133
First Nat. Bk., Barnesvllle 7,851
from 1911 to 1920 Inclusive.
10
00
25
00
Shiner, Lavaca County, Tex.—Bonds Voted.—By
a
00
00
33
00
vote
of 60 “for” to 4 “against,” this place, it is stated, has author¬
ized the issuance of $8,000 water-works bonds.
Silver Bow
County (P. O. Butte), Mont.—Bond Bids.—
$250,000 10-20-year (optional) coupon court-housecompletion bonds sold on Sept. 20 to the Harris Trust &
Savings Bank of Chicago at 101.8308 and accrued interest for
5s (V. 91, p. 823) attracted the following bidders:
The
Harris Trust & Savings Bk.,
Chicago
Sliver Bow Nat. Bk., Butte.
N. W. Halsey & Co., Chlc_.
a
For $1,000 bonds.
S. A. Kean & Co.. Chicago.$252,625
$254,577 Devltt, Tremble&Co., Chic. 252,517
253,951 Thos. J. Bolger Co., Chic.. 250,901
252,950 John Nuveen & Co., Chic.. 250,756
Washington Lodge No. 35,
I. O. O. F., Butte
al,000
Sisseton, Roberts County, So. Dak.—Bond Offering.—
Proposals will be received until Oct. 15 by George Adkins,
City Auditor, for $40,000 5% coupon refunding and funding
bonds.
Authority Sections 1386 to 1390 Political Code 1903 and Chapter 91
Session Laws 1907.
Denomination $1,000.
Date Nov. 1 1910.
Interest
semi-annually at the National German-Amcrlcan Bank in St. Paul, Minn.
Bonded debt at present
Maturity In the years 1915, 192Q, 1925 and 1930.
$20,000.
Floating debt $20,000. Assessed valuation $352,340.
Soper, Choctaw County, Okla.—Bond Offering.—Proposals
will be received until Get. 10 by Harley Hughes, Town Clerk,
for $9,000 6% 10-25-year (optional) water-works bonds.
Certified check for 5% of bid is required.
South Amboy, Middlesex County, N. J.—Bonds Authorised.—The City Council on Sept. 27 adopted a resolution, it is
stated, providing for the issuance of $100,000 5%
sewer
bonds.
South Carolina.—Refunding Bonds
lature of 1910 passed an Act (No.
Authorized.—The Legis¬
435) providing for the
issuance of 3^% coupon bonds and certificates of stock to
redeem the 4^% bonds and stock known as “Bonds to
Refund Brown Consols “92”.
The bonds to be refunded,
there were $5,619,251 outstanding Jan. 1 1910, are due
Jan. 1 1933, but are subject to call after Jan. 1 1913.
The new bonds will be In denominations of $500 and $1,000.
Interest
Jan. 1 and July 1 at the State Treasury In Columbia or at the agencies of
the State In the cities of Charleston and New York.
Maturity 40 years.
The bonds and certificates of stock shall be free from all taxes.
It Is also
provided that so much of the capital stock or funds of any bank, banking
association or other corporation of any nature or kind located within the
State of South Carolina as Is Invested In these bonds shall be exempt from
all taxation.
Charles, Saginaw County, Mich.—Bond Offering.—
Springfield, Mass.—Bond Offering.—Proposals will be
Proposals will be received until 8 p. m. Oct. 10 for $14,000 received until 12 m. Oct. 5 by E. T. Tifft, Treasurer, for the
4%% 10-year ele«tric-light-plant bonds voted on Sept. 12.
St. Paul, Minn.—Park Bond Resolution Vetoed.—A resolu¬ following 4% gold bonds:
$400,000 coupon (with privilege of registration) munlclpal-bulldlng bonds.
tion providing for the issuance of
Date Nov. 1 1910.
Maturity $10,000 yearly on Nov. 1 from
$50,000 bonds for the
1911 to 1950 Inclusive.
Coupon bonds will be for $1,000 each:
completion of the Wheelock Parkway was vetoed by the
registered bonds $1,000 or any multiple.
Mayor on Sept. 17. The veto message will be presented to
340,000 registered fire and pollco-bulldlng bonds. Date Oct. 1 1910.
the Assembly, where the resolution
Maturity $17,000 yearly on Oct. 1 from ltll to 1930 Inclusive.
originated, at the next
Denomination $1,000 or any multiple thereof.
regular meeting, which will be October 6.
Interest semi-annual.
Bonds are tax-exempt In Massachusetts.
Both
will be certified as to genuineness by the Old Colony Trust Co. of
Salina, Saline County, Kan.—Bonds Not to Be Offered at Issues
Boston and their legality approved by Storey, Thorndike, Palmer & Dodge
Present.—We are advised that there probably will be no of Boston. Certified
check for 1% of bonds bid for, payable to the “City
of
action taken until after the first of the
Springfield,” Is required. Coupons are payable at First National Bank,
year in the matter of
Boston, registered Interest at City Treasurer’s office.
Bids must Include
selling the $40,000 43^% 20-year city-hall bonds voted Aug.2. accrued Interest.
San Francisco, Cal.—Bond
The official notice of this bond offering wiU be found among
Offering.—Proposals will be
received until 3 p. m. Oct. 17
by W. R. Hagerty, Clerk the advertisements elsewhere in this Department.
Oct. 11910.
THE CHRONICLE
i
Stamford, Jones County, Tex.—Bonds Voted.—At
of 87 to 27 was
paving bonds.
Sun Prairie, Dane County, Wis.—Bond Sale.—On Sept. 26
$12,500 4J4% electric-light bonds were awarded to the
Harris Trust & Savings Bank of Chicago at 98.40.
Other
bidders
were:
Farson, Son & Co., Chicago—par less a commission.
Well, Roth & Co., Chicago—par less a commission.
S. A. Kean & Co., Chicago—*12,010.
John Nuveen & Co., Chicago—*12,025 for 5Hs.
Denomination *500.
Date Oct. 1 1910.
Interest annually In July.
Maturity from 1913 to 1925. Total debt of village. Including this Issue,
■
*15,000.
,
Sylvania, Screven County, Oa.—Bonds Not to Be Offered
Present.—The three issues of 5% gold coupon bonds,
aggregating $40,000, mentioned in V. 91, p. 419, will not be
offered for sale, we are advised, for several months.
Tacoma, Wash.—Bond Sale.—On Sept. 26 the $200,000
20-year gold coupon Green River Gravity Water System
Construction bonds described in V. 91, p. 823, were sold to
E. H. Rollins & Sons and Parkinson & Burr, both of Boston,
at 101.16 for 4J^s—a basis of about 4.413%.
Other bidders
at
were:
Woodln, McNear & Moore,
N. W. Halses
Chicago
100.88 Harris Tr. & f
Nine other proposals were also rece ved.
&
iv.
100.56
Co., Chic
Bk., Chlc._ 100.39
Bond Election.—An election will be held Oct. 8 to vote
on
propositions to issue $475,000 11th Street bridge bonds,
$405,000 dock bonds, $68,000 Puyallup bridge bonds and
$75,000 fire-tug bonds.
Taylor County (P. O. Abilene), Tex.—Bonds Defeated.—
A proposition to issue $100,000 Precinct No. 3 road bonds
failed to carry, it is stated, at an election held Sept. 19.
Tecumseh, Johnson County, Neb.—Bond Election.—An
election will be held Nov. 8, it is stated, to vote on the
question of issuing $13,000 water-improvement and $7,000
sewer
bonds.
Teton County School District No. 15, Mont.—Bond Sale.—
An issue of,$14,000 6% 15-20-year (optional) coupon
school-
building bonds
ver
was
sold
for $14,279 70—the
on Sept. 17 to Keeler Bros, of Den¬
price thus being 101.997.
A bid of *14,001 was also received from C. H. Coffin of Chicago, while
both James N. Wright & Co. of Denver and John Nuveen & Co. of Chicago
offered par and accrued Interest.
Denomination *1,000.
Date July 1
1910.
Interest semi-annual.
These bonds were offered without success
as 5s (V. 91, p. 747) on Aug. 23.
Texas.—Offering of Refunding Bonds.—Governor Camp¬
bell will receive bids at any time for $1,353,700
refunding bonds.
3%
coupon
Denomination *10,000. Date Sept. 1 1910.
Interest semi-annually In
Maturity 40 years, subject to call after 20 years.
Austin.
Timmonsville, Florence County, So. Car.—Bond Offering.
—Proposals will be received until Oct. 15 by R. C. Rollins,
Clerk, for $30,000 water-works and $5,000 drainage 5%
20-40-year (optional) bonds.
Denomination *1,000.
Date Oct.
1
1910.
Interest semi-annual.
Check for *250 is required.
No bonded debt at present.
Assessed valua¬
tion 1910, *450,900.
Trenton, N. J.—Bonds Authorized.—An ordinance was
passed Aug. 16 providing for the issuance of not exceeding
$10,000 4 $4% registered land-purchasing bonds.
Denomination *100 or multiples thereof.
City Treasurer’s office. Maturity 20 years.
Interest semi-annually at the
This city has also passed an ordinance providing for the
issuance of $10,600 Cadwalader Park improvement bonds
at not
exceeding 4^% interest.
Denomination *100
or
City Treasurer’s office.
Van
an
election held Sept.* 20, it is stated, a vote
cast in favor of a proposition to issue $10,000
multiples thereof. Interest semi-annually at the
Maturity ten years.
Tunica County (P. O. Tunica), Miss.—Bond Offering.—
Proposals will be received until Oct. 3 by F. L. Hope, Clerk
of Board of Supervisors, for $50,000 5% road-improvement
and bridge-building bonds.
Authority, Chapter 150, Laws of 1910, Section 2. Denomination *5 00
Maturity Oct. 1 1940. Certified
Date Oct. 1 1910.
Interest annual.
check for 5% of bid Is required.
Twin Falls School District No. 4 (P. O. Twin Falls), Twin
Falls Oounty, Idaho.—Bonds Not Sold.—An issue of $2,000
5% 10-20-year (optional) bonds was offered without success
Sept. 23. Denomination $1,000. Date Sept. 15 1910.
Interest Jan. 1 and July 1*
Union (P. O. Weehawken), Hudson County, N. J.—
Bond Sale.—The $45,000 4^% coupon or registered streetimprovement bonds described in V. 91, p. 824, were awarded
to the Weehawken Trust Co. at
par and accrued interest.
Maturity $3,000 in 1911 and in 1912; $4,000 in 1913 and
$5,000 yearly from 1914 to 1920 inclusive.
Vallejo, Solona Oounty, Cal.—Charter Election.—The
City Clerk writes us that the reports stating an election will
be held Oct. 11, to vote on
propositions to issue $90,000
water-works and $75,000 city-hall bonds (V. 91, p. 482),
on
Wert
/b,:
Venango Oounty (P. O. Franklin), Pa.—Bond Offering.—
Proposals will be received until 10 a. m. to-day (Oct. 1) by
the Board of County Commissioners, E. K. Smiley, Clerk,
for $175,00a4^% coupon bridge bonds.
Denomination *1,000.
Date Oct. 1 1910.
Interest semi-annually a;
the County Treasurer’s office.
Certified check for *5,000, payable to
’’Venango County," Is required. Bonds are exempt from State tax.
Ventnor
City (P. O. Atlantic City), N. J.—Bonds Voted.—
$100,000 bonds for the improvement of
Avenue was authorized by the voters on Sept. 27,
The issuance of
Atlantic
it is stated.
Vernon, Wilbarger Oounty, Tex.—Bonds Voted.—This city
$9,000 water-works and $3,000 sewer 5%
10-40-year (optional) coupon extension bonds.
has voted to issue
Denomination *500.
Date Oct. 1 1910.
Interest semi-annualy in
Vernon or, if held by the State, in Austin.
The bonds are tax-exempt.
Bonded debt, including these issues, $58,000.
Floating debt, *9,246 85.
Assessed valuation for 1910, *2,112,412.
Voorheesville, Albany Oounty, N. Y.—Bond Sale.—The
Albany Trust Co. of Albany, offering par, was the successful
bidder on Sept. 24 for the $3,000 4J^% 5-10-year (serial)
registered village-hall bonds described in V. 91, p. 824.
Walker
Oounty (P. O. Huntsville), Tex.—Bond Election
Proposed.—Reports state that the voters of Precinct No. 1
have requested the Commissioners’Court to call an election to
vote on the question of issuing $50,000 good-road bonds.
Wapakoneta, Auglaize Oounty, Ohio.—Bond Sale.—An
issue of $10,000 4^% street-improvement bonds was
awarded to the Atlas National Bank of Cincinnati at par
and accrued interest on Sept. 12.
Denomination
Sept.
1
1910.
Interest
semi-annual*
Authority, Sections 1049 to 1060, Revised Codes. Session Laws 1905
also eleotlon held April 7 1910.
Denomination *100 to 4500.
Date Oct. 1
1910.
Interest semi-annually at the First National Bank In Weiser.
Maturity 20 years, subject to call after 10 years.
Bonds are exempt from
all taxes. -: Certified check for *1,000, payable to the Treasurer, Is required.
No debt at present.
•*
w*
<*
»
iv#“•
-j
\ * iv
.
Waukegan, Lake County, HI.—-Rond Election.—An ordin¬
ance* has been passed, according to local papers, providing
for the submission to the voters on Oct. 13 of a proposition
to issue $35,000 bonds for fire stations.
Westfield, Chautauqua Oounty, N. Y.—Bond Offering.—
Proposals will be received until 8 p. m. Oct. 21 for the $100,000 4J^% sewer-system and disposal-plant bonds voted on
Sept. 13. Maturity $4,000 yearly from three years to
twenty-seven years, inclusive. J. A. Riley is Village Clerk.
The official notice of this bond offering will he found among
the advertisements elsewhere in this Department.
Wichita, Kans.—Bonds Authorized.—Ordinances have
been passed providing for the issuance of the following 5%
coupon bonds:
J
4 •
*6,031 14 bonds to Improve the intersections of Seneca Street.
Denomina¬
tion *500, except one bond of *531 14.
Maturity *531 14 on
August 1 1911, *500 yearly on Aug. 1 from 1912 to 1918, inclu¬
sive. and *1,000 on Aug. 1 In each of the years 1919 and 1920.r
18,488 04 bonds to Improve Seneca Street exclusive of street intersections.
Denomination *1,000, except one bond of *488 04.
Maturity
*488 04 on Aug. 1 1911 and *2,000 yearly on Aug. 1 from 1912
to 1920 inclusive.
'
;
u*.:
7,938 73 bonds to Improve the Intersections of Pattle Avenue. Denomi¬
nation *500, except one bond of *438 73.
Maturity on Aug. 1 as
follows: *438 73 In 1911, *1,000 in each of the years 1912, 1914,
1916, 1918, 1919 and 1920, and *500 In each of the years 1913,
•
1915 and 1917.
*
•
^
48,622 82 bonds to Improve Pattle Avenue exclusive of street Intersections.
Denomination *1,000 except one bond of *622 82. Maturity
*3,622 82 on Aug. 1 1911 and *5,000 yearly on Aug. 1 from 1912
,
to 1920 Inclusive.
.
20,797 75 bonds to construct lateral
46,980 53
»
12,737 61
Our informant further states that the “election
to be held Oct. 11 is for the election of a Board of Fifteen
Freeholders to frame and propose a new city charter.”
Date
Washington County (P. O. Weiser), Idaho.—Bond Offer¬
ing.—Proposals will be received until 12 m. Oct. 10 (date
changed from Sept. 29) by L. Norah Lockwood, County
Treasurer, for $10,000 6% coupon Road District No. 1
bonds.
We are advised that the legality of this bond issue
is before the State Supreme Court for its report upon an
agreed stipulation. Bids can be made contingent upon
this report.
are erroneous.
system-improvement bonds carried by a vote of 567 to 87.
Interest semi-annually at the
City Treasurer’s office. The
bonds are exempt from all taxes.
Vandalia School District No. 20 (P. O. Vandalia), Valley
Oounty, Mont.—Bonds to he Offered Shortly.—A letter re¬
ceived by us on Sept. 26 stated that this district would be
on the market in about 20
days with an issue of $2,500 bonds.
*1,000.
Maturity Sept. 1 1923.
.
Bonds Defeated.—The question of issuing $75,000 city-hall
bonds was defeated, we are advised, at an election held
Sept. 8.
Bonds Voted.—At the same election
(Sept. 8) a proposition
to issue $90,000
5% 1-20-year t^fial) gold coupon water-
Oounty (P. O. Van Wert), Ohio.—Bond Sale.—
A bid of $6,315 was received on Sept. 24 from George H.
Marsh for the $6,300 4>£% coupon ditch-improvement bonds
described in V. 91, p. 747.
Maturity $2,100 yearly from
1911 to 1913 inclusive.
-
.
••
In District
"0" of Sanitary
Sewer District No. 12.
Denomination *1,000, except one bond
of *797 75.
Maturity on July 1 as follows: *1,797 75 In 1911,
*2,000 yearly from 1912 to 1919 Inclusive and *3,000 In 1920.
bonds to-construct lateral sewers in District "A” of Sanitary
Sewer District No. 12.
Denomination *1,000, except one bond
of *980 53.
Maturity on July 1 as follows: *3,980 53 In 1911,
*4,000 In each of the years 1912 and 1913 and *5,000 yearly from
1914 to 1920 Inclusive. > '
bonds to construct lateral sewers In District *‘B" of Sanitary
Sewer District No. 12.
Denomination *1,000. except one bond
of *737 61.
Maturity on July 1 as follows: *737 61 In 1911,
*1,000 In each of the years 1912,1914, 1916, 1917, 1919 and 1920
and *2,000 In each of the years 1913, 1915 and 1918.
? r
bonds to construct lateral sewers In District “F” of Sanitary
Sewer District No. 12.
Denomination *500, except one bond of
*442 64.
Maturity on July 1 as follows: *442 64 in 1911, *500
In 1912 and *1,000 yearly from 1913 to 1920 Inclusive.»
bonds to construct lateral sewers In Sanitary Sewer District No.
15.
Denomination *1,000, except one bond of *862 63.
Ma¬
sewers
,
8,942 64
39,862 63
,
turity $3,862 63
on
July 1 1911 and *4,000 yearly
on
July 1 from
1912 to 1920 Inclusive.
The first four Issues given above are dated Aug. 1 1910 and the remaining
ssues are dated July 1 1910.
Interest semi-annually at the .fiscal agency
of Kansas In Topeka.
Wilkes-Barre, Pa.—Bond Sale.—This city has sold $5,100
5% 5-year street-improvement bonds at 100.20 to Chester
White, H. D. Matten, W. I. Hibbs and Jno. A. Burlington.
Denomination $100.
Date July 1 1910. Interestrsemi-
annual.
(■
902
THE CHRONICLE
posals will be received until 11 a. m. Oct. 4 by Harry W.
Aiken, Town Treasurer, for $55,000 4% coupon municipal
bonds.
Sept. 1.
Elmira, Ont.—Debenture Offering.—This town is offering
$4,500 5% debentures.
Fort William, Ont.—Debentures Voted—Debenture
Offer¬
ing.—The election held Sept. 21 resulted in favor of the
propositions to issue the civic improvement debentures,
aggregating $160,000. We are advised that these debentures
have been turned over to Wood, Gundy & Co. of
Toronto,
“who represent the city of Fort William on the London
market, to be placed by that firm to the best advantage of
the city.”
Haileybury, Ont.—Debentures Authorized.—A by-law has
been passed by this city providing for the issuance of
$30,000
for sale
Denominations: 50 bonds of $1,000 each and 10 bonds of $500 each.
Date Oct. 1 1910.
Interest semi-annually at the Old Colony Trust Co. In
Maturity $5,500 yearly on Oct. 1 from 1911 to 1920 Inclusive.
Bonds will be certified as to their genuineness by the Old Colony Trust Co.
of Boston, which will further certify that the legality of this Issue has been
approved by Messrs. Ropes, Gray & Gorman of Boston, a -copy of whose
opinion will be furnished without charge to the purchaser.
Boston.
Yakima County School District No. 92, Wash.—Bond
Sale.—On Sept. 17 the $11,200 10-20-year (optional) coupon
'building and furnishing bonds described in V. 91, p. 670,
,
were
sold to the State of Washington at par for
also received from L. N. Rosenbaum of
5%s. A bid
Seattle, but,
being below par, it was rejected.
Yancy County (P. O. Burnsville), No. Caro.—Bonds Voted.
—The $100,000 railroad-aid bond proposition submitted to
the voters on Sept. 15 (V. 91, p. 605) carried.
Zwalla County (P. O. Batesville), Tex.—Bond Sale.—
We are advised that the $20,000 5% 10-40-year
road and bridge bonds registered on July 30 by
Comptroller (V. 91, p. 356) have been sold.
school debentures.
Havelock School District No. 1514, Man.—Debenture Sale.
—The
$1,650 6% school debentures offered on Sept. 13
(V. 91, p. 671) were purchased by Nay & James of Regina for
$1,652 45—the price thus being 100.148. Bids at par were
also received from A. Leighton of Minnedosa, the Traders’
Bank of Canada and Alloway & Champion, both of
Winnipeg;
while J. G. Mackintosh offered $1,635.
Maturity part
yearly for 10 years.
(optional)
the State
Canada, its Provinces and Municipalities.
Kincardine Township, Ont.—-Debenture Offering.—Propos¬
als will be received until Oct. 10 by R. B. Campbell, Township
Bridgeburg, Ont.—Debenture Sale.—The $20,000 5%
eewer
debentures, proposals for which were asked until
Sept. 28 (V. 91, p. 826), were purchased by W. A. Mac¬
kenzie & Co. of Toronto at 99.80 and accrued interest.
following bids
were
Clerk (P. O. Armow) for the $3,000 4)^%
debentures mentioned in V. 91, p. 750.
The
Brickbum School District No. 998 (P. O. Gilbert Plains),
Man.—Debenture Offering.—Proposals will be received until
8 p. m. Oct. 7 by M.
Snyder, Secretary-Treasurer, for
$10 ,000 6% 20-year school-building debentures. Authority,
Commissioners.
Authority, 54 Victoria, Chapter 53; 4 Edward VII., Chapter 50; 5 Ed¬
Chapter
ward VII., Chapter 91; 6 Edward VII., Chapter 85; 8 Edward VII.,
Sept. 20.
34, and 9 Pdward VII., Chapter 38.
Denomination $1,000.
Interest
Jan. 1 and July 1 at the City Treasurer’s office.
Maturity Jan. 1 1939.fi
Darlingford School District, Man.—Debenture Offering.—
Proposals will be received until to-day (Oct. 1) by R. A.
Fines, Secretary-Treasurer, for $8,000 6% debentures.
Township, Ont.—Debentures Defeated.—The by¬
providing for the issuance of the $10,000 4J/£% 30-year
NEW LOANS.
NEW LOANS.
$740,000
$500,000
CITY OF PORTLAND, ORE.,
$529,000
ATLANTIC CITY, N. J.,
Coupon and Registered Gold Serial Bonds
City Treasurer’s Office, September 24 1910.
In pursuance of orders of the City Council, ap¬
proved by the Mayor, the undersigned, Treasurer
of the City of Springfield, will receive until twelve
o’clock M., Wednesday, October 5 1910, sealed
proposals for the following described bonds:—
$400,000 Springfield Municipal Building Loan.
Act of 1909.
The bonds for this loan will be dated Novem¬
ber 1st 1910 and will be payable in annual pro¬
portionate payments of Ten thousand dollars
($10,000) each, beginning with November 1 1911,
when the first payment shall be due, until No¬
vember 1 1950, when the last payment shall be
made.
Said bonds will bear Interest at the rate of four
per cent (4%) per annum, payable semi-annually
os the first days of May and Nov. of each year.
This loan will be issued in either coupon bonds
of One thousand dollars ($1,000) each, with In¬
terest warrants attached, both principal and inter¬
est being made payable at the First National
Bank, Boston, Massachusetts; or in registered
bonds of One thousand dollars ($1,000) each or
multiple thereof, the principal and interest
being made payable at the City Treasurer’s
Office.
Holders of coupon bonds may at any time more
than one year before maturity exchange same for
any
registered bonds.
$340,000 Fire and Police Buildings Loan 1910.
The bonds for this loan will be dated October 1st
1910 and will be payable in annual proportionate
payments of Seventeen thousand dollars ($17,000)
each, beginning with October 1 1911, when the
first payment si* 1 be due, until October 1 1930,
when the last payment shall be made.
Said bonds will bear interest at the rate of four
per cent (4%) per annum, payable semi-annually
on the first days of April and October of each year.
This loan will be issued in registered bonds of
One thousand dollars ($1,000) each or any mul¬
tiple thereof, the principal and interest being
made payable at the City Treasurer’s Office.
Both the principal and interest on all of the
above loans will be payable in Gold Coin of the
United States of America of the present standard
of weight and fineness or its equivalent.
The City Treasurer now transmits by mail
interest on all registered bonds.
These bonds are exempt from taxation In
Massachusetts.
The coupon bonds will be certified as to their
genuineness by the Old Colony Trust Company
of Boston, and the legality of all the issues will
be approved
by Messrs. Storey, Thorndike,
Palmer & Dodge.
Proposals must include accrued interest to date
of
delivery of bonds, and must be accompanied
a certified bank check for one per cent (1%)
of the amount of loan bid for, made payable to
the City of Springfield.
All proposals wil be opened in the Mayor’s
Office Wednesday, October 5 1910, at twelve
o’clock M., and the right is reserved to reject any
dy
all bids.
Address proposals to the
undersigned, indorsed
“Proposals for Sundry Loans, 1910.”
ELIPHALET T. TIFFT, City Treasurer,
Springfield, Mass.
Descriptive Circulars upon Applicati m.
Muskoka
law
NEW LOANS.
City of Springfield, Mass.,
or
15-year school
Montreal Protestant School District (P. O. Montreal),
Qae.—Debenture Offering.-—Further details are at hand
relative to the offering on Oct. 17 of the $350,000 4% gold
debentures mentioned in V. 91, p. 826.
Proposals will be
received for these debentures until 12 m. on that day by
C. J. Binmore, Treasurer of Protestant Board of School
received:
W. A. MacKenzle & Co., Tor.$19,9601 Wood, Gundy & Co., Tor
$19,562
•C. H. Burgess & Co., Tor
19,668) Brent, Noxon & Co., Tor
19,461
H. O’Hara & Co., Toronto._ 19,577|R. C. Matthews & Co., Tor.. 19,425
Maturity part yearly for thirty years.
vote of 63 to 4 at election held
LXXXXI
Date Jan. 1 1910.^Interest annual, "fMaturity part
yearly on Jan. 1
for 19 years.
These bonds were offered (V. 91, p. 544) but not sold on
Winthrop, Suffolk County, Mass.—Bond Offering.—Pro¬
was
[VOL.
BRIDGE BONDS
and
Sealed proposals
will be received by the under¬
signed until two o’clock p. m. on the 7TH DAY
on
OF NOVEMBER.
for
1910, for the whole or
any part of
Five Hundred Thousand ($500,000 00) Dollars of the bonds of the City of Port¬
land in denominations of One Thousand ($1,000 00) or Five Hundred ($500 00) Dollars each,
dated the first day of July, 1909, payable thirty
years after date,and bearing interest at the rate
of four per cent per annum, payable on the first
day of January and the first day of July of each
year.
A.
D.
Principal and interest payable in United
States gold coin at the office of the Treasurer of
the City of Portland, Oregon.
The above-described bonds are Issued for the
purpose of constructing a bridge across the Willa¬
mette River in said City from a point at or near
Broadway and Larrabee s reets on the east side
of said river and following the line of Broadway
Street extended westerly In its present course to
a point at or near its intersection with Seventh
Street on the west side of said river, thence
southerly and easterly to a point at or near the
intersection of Sixth and Irving streets in said
city (the west approach and incline of said bridge
being subject to modification and changes by the
Executive Board of said city or its successors).
The authority for the issue of said bonds is granted
by an amendment to the Charter of the City of
Portland, adopted June 7 1909.
The bidder will
be required to submit unconditional bids except
as to the legality of the bond, and each bid must
be accompanied by a certified check on some
responsible bank In the City of Portland, Oregon,
for an amount equal to five per cent of the face
value of the amount of bonds bid for, payable to
the order of the Mayor of the City of Portland, to
be forfeited as liquidated damages in case the
bidder shall withdraw his bid or shall fall or neglect
to take and pay for said bonds should the same
be awarded to him.
The right to reject any and
all bids Is hereby reserved.
All proposals should
be marked “Proposals for Bridge Bonds,” and
addressed to A. L. Barbur, Auditor of the City
of Portland, Oregon.
By order of the Council of the City of Portland,
Oregon.
A. L. BARBUR,
Auditor of the Citv of Portland.
Date of first publication, October 1st, 1910.
5% Bonds
The
City of Atlantic City will receive sealed bids
SATURDAY, OCTOBER 8, 1910, AT 12 M-.
$529,000
WATER, • PARK,
SCHOOL,
PAVING, TAX ARREARAGE, FIRE HOUSE
and BELLEVUE
AVENUE
BONDS, bearing
Interest as follows- $377,000 at 4 <>% and $152,000 at 5% and maturing as follows: $368,000 in
thirty-five years, $9,000 In ten years and$152,000
(5%> in five years.
Interest and Principal payable at the Hanover
National Bank, New Y’ork.
Approved as to legality—the Water, Paving
and Tax Arrearage bonds by Dillon, Thomson &
Clay, and Park, School, Fire House and Bellevue
Avenue bonds by Hubbard & Masslich.
Certified as to genuineness by the Columbia
Trust Company of New York.
Delivery of bonds about October 20, 1910.
Circular letter giving particulars and form of
proposa will be mailed on application to
A. M. HESTON, Comptroller,
Atlantic City.cN. J
Reynolds, Watson & Co.
Municipal and Corporation Bonds
We offer
a
very
exceptional
DRAINAGE
BOND
NETTINa
6%
400 The
Bookery
CHICAGO
BLODGET & CO.
BONDS
Bank and Trust
Company Stocks
NEW YORK AND BROOKLYN
CO STATE STREET, BOSTON
80 PINE STREET, NEW TOBK
BOUGHT AND SOLD
CLINTON
GILBERT
STATE, CITY & RAILROAD BONDS
2 WALL ST., NEW YORK
FORREST & CO.
MUNICIPAL BONDS
Safest investments
known.
Yielding
AftL fn CZ.QL.
O a)
Wrlt® *or
Circular.
ULEN, SUTHERLIN & CO.
BANKERS
CHICAGO
BANKERS
421 Chestnut St..
PHILADELPHIA. PA.
Municipal and
Corporation Bonds
Oct.
1910.1
*
V
THE CHRONICLE
improvement debentures submitted to the voters Sept. 14
(V. 91, p. 671) was defeated.
North Vancouver, B. 0.—Debenture Sale.—On Sept. 19
the three issues of 5% 50-year coupon debentures, aggre¬
gating $100,450, described in V. 91, p. 605, were sold to the
Dominion Securities Corporation, Ltd., of Toronto at 101.27
and interest—a basis of about 4.932%.
The following bids
were
received:
903
Portage la Prairie School District (P. O. Portage la Prai¬
rie), Man.—Bond Sale.—Wood, Gundy & Co. of Toronto
have been awarded the $20,000 5% 20-year school debentures
mentioned in V. 91, p. 357.
Preston, Ont.—Debenture Election.—This place will sub¬
for the issuance
mit to the voters Oct. 10 a by-law providing
of $15,000 5% 10-year loan debentures.
Burgess & Co., Toronto..98.69
Brouse, Mitchell & Co., Toron.98.27
Ontario Securities Co., Toron..98.06
In addition to their bids.
Prince Albert, Sask.—Debenture Election.—On Oct. 7 an
election will be held in this place to vote on by-laws providing
for the issuance of the following debentures: $12,000 filtra¬
Ontario County (P. O. Whitby), Ont.—Debentures Author¬
ized.—This county, according to reports, has authorized the
issuance of $20,000 court-house debentures.
tion-plant, $7,000 power-house, $2,000 armory, $110,000
trunk-sewer, $7,500 city-hall and $26,300 for water-works-
Dominion Sec.Corp.,Ltd.,Tor_101.27
Oldfield, Kirby&Gardlner,Win.99.37
Aemlllus Jarvis & Co., Toron. 98.83
All bidders offered accrued Interest
Phoenix
School
District
C. H.
No.
1628,
Man.—Debenture
Offering.—Proposals will be received by C. W. Johnstone,
District Secretary-Treasurer (P. O. Headingly), for $4,200
6% 20-year debentures.
Ponoka, Alberta.—Bids Rejected.—The following bids,
both of which were rejected, were received on Sept. 6 for
the two issues of 5% coupon debentures aggregating $6,000,
described in V. 91,
p. 484:
Brent, Noxon & Co., Toronto ..35,531 |Nay & James, Regina
$5,425
Port Arthur, Ont.—Debenture Offering.—Proposals will
received until 5 p. m. to-day (Oct. 1), to be opened Oct.
be
3,
by J. McTeigue, City Clerk, for the following 5% debentures:
$30,000 20-year telephone-equipment debentures dated July 1 1910.
171,765 30-year sewer-construction debentures dated July 1 1910.
127,775 30-year water-works-extension debentures dated July 1 1910.
800 10-year ambulance-purchase debentures dated July 1 1910.
8,000 20-year debentures for buildings for the Agricultural Society Grant.
Date July 1 1910.
10,000 30-year electric-street-railway debentures dated July 1 1910.
6,000 20-year Y. M. C. A. debentures dated July 1 1910.
12,000 30-year car-barn-erection debentures dated Oct. 1 1910.
Author¬
ity vote of 779 to 154 at election held Sept. 8 1910.
25,000 30-year gas-main debentures dated Oct. 1 1910.
Authority, vote
of 788 to 139 at election held Sept. 8 1910.
3,000 20-year debentures to purchase land for the extension of the reser¬
voir.
Authority, vote of 749 to 149 at election held Sept. 8 1910
Date Oct. 1 1910.
2,000 15-year swimming-pool debentures dated Oct. 1 1910. '-Authority,
vote of 746 to 173 at election held Sept. 8 1910.
25,000 30-year North Ward School debentures dated May 1 1910.
10,000 electrlc-llght-system debentures dated July 1 1910 and due part
yearly for 15 years.
Interest semi-annually at the Bank of Montreal, In Toronto.
extension.
Que.—Debenture Offering.—Proposals will be
Oct. 8 by A. T. Lawson, Town ClerkTreasurer, for $117,000 power-development and $36,000
public school 4J^% 30-year debentures.
Smiths Falls, Ont.—Debentures Not Sold.—This place has
refused all bids recently received for an issue of $24,531 94
4% and 5% 20-year debentures.
Sydney, N. S.—No Action Yet Taken.—No action has yet
been taken, we are advised, looking towards the issuance of
the $350,000 debentures voted (V. 91, p. 357) on July 20.
Taber, Alberta.—Debenture Offering.—Proposals will be
received until 12 m. Oct. 4 by Geo. C. Miller, SecretaryTreasurer, for $11,500 5% water-system and fire-apparatus
Renfrew,
received until 6 p. m.
debentures.
Date Oct. 1 1910.
Interest annually In Taber.
Debenture debt, not Including this Issue, $55,000.
Assessed valuation 1910 $793,420.
'
Thornbury, Ont.—Debenture Offering.—Proposals will be
by Edw. Rorke, Town Clerk, for $5,000
5% 20-year debentures.
Woodworth School District No. 1633, Man.—Debentures
Voted.—The election held Sept. 10 resulted in favor of the
proposition to issue the $2,000 6% debentures mentioned
in V. 91, p. 671.
The vote was 6 “for” to none “against.”
Maturity annually from Jan. 7 1912. Proposals for these
received until Oct. 8
debentures will be received at
NEW LOANS
once.
MISCELLANEOUS.
$250,000
Dallas
Maturity part yearly.
Floating debt $2,800.
The
County, Alabama,
Trust
ROAD BONDS
Sealed bids will be received until Eleven O’clock
A. M., NOVEMBER 7TH, 1910, for the $250,000
g*od-roads bonds of Dallas County, Alabama.
Said bonds run for thirty years from
July 1st,
ltlO, bear 5% Interest, payable semi-annually.
Said bonds will be of the denomination of $500.
The right to reject any and all bids Is reserved.
P. H. PITTS.
Company of America
37-43 WALL
8TREET, NEW YORK.
COLONIAL BRANCHi
122
LONDON OFFICEi
Broadway, New York.
95 Gresham St.
CAPITAL AND SURPLUS $8,000,000
Judge of Probate,
Selma, Alabama
Invites accounts of individuals firms and
corporations.
daily balances.
$100,000
Pays interest on
Executes trusts of every
Village of Westfield, N. Y.f
description
SEWER BONDS
Sealed bids will be received for $100,000 Sewer
Bonds by the Village of Westfield, N. Y., at
8.o’clock P. M. OCTOBER 21ST, 1910.
Full Information will be given by
J. A. RILEY, VillagelClerk.
The Commerce Court at
All
Washington
carriers
engaged in inter-State or foreign
required by law to keep hereafter an agent at
Washington for service of process.
commerce
F. WM. KRAFT
common
are
LAWYER
For full information
Specializing in Examination of
Municipal and Corporation Bonds
regarding this law, address
The Corporation ^rust Co.
ISIS FIRST NATIONAL BANK BLDU.,
NEW YORK
CHICAGO, ILL.
CHICAGO
ST. LOUIS
BOSTON
•
PHILADELPHIA
8STABLISHBD 1885
H. C. SPEER & SONS CO.
MUNICIPAL
ANDJRAILROAD
BONDS
First Nat. Bank Bldg., Chicagt
SCHOOL,
COUNTY AND
MUNICIPAL BONDS
OTTO JULIUS MERKEL
BROKER
44 AND 4« WALL
STREET, NEW YORK
INVESTMENT SECURITIES
Oarreasofldeaev Iante*.
R. T. Wilson & Co.
*3 WALL STREET
NEW
YORK
HODENPYL, WALBRIDGE & CO.
7 Wall St.,
LIST ON APPLICATION
New York
,
SEAS0NG00D & MAYER
Railroad, Street By., Gas & Else. Light
Mercantile Library Building
CINCINNATI
Charles M. Smith & Co
CORPORATION AND
MUNICIPAL BONDS
IBST NATIONAL BANK BUILD IN t>
CHICAGO
SECURITIES
McCOY & COMPANY
Municipal and
Corporation Bords
181
La Salle
Street, Chloage}]
THE CHRONICLE
904
fVoii.
1
LXXXXI.
n
fM ;
.
Hawtuvs and ^vahev*.
ERVIN & COMPANY
A. B. Leach & Co.,
BANKERS
BANKERS
„
0111 w
l Philadelphia Stock
Exchange.
BONDS FOR INVESTMENT.
Diexel Building,
Philadelphia.
Assets
Oash in Vaults
PHILADELPHIA
PARKINSON &, BURR
-
-
-
-
900,684 60
8,681,379 19
HEAD OFFICE—HAVANA
Branches
84 GALIANO ST.. HAVANA.
226 MONTE ST., HAVANA.
Long Distance Telephone No. L. D. 107.
28 State Street, BOSTON
Chertnnt ft 4th St,
21
1*6566.922
32
SSew York 8tock £zchange,
149 Broadway, NEW YORK
140 Dearborn Street, CHICAGO
NATIONAL BANK
OF CUBA
PRODUCE EXCHANGE. HAVANA
CARDENAS.
MATANZAS.
CIENFUEGOS.
SANTIAGO.
MANZANILLO.
CAIBARIEN.
GUANTANAMO.
SAGUA LA GRAND!:
SANTA CLARA,
CAM AGUE Y,
PINAR DEL RIO.
SANCTI SPIRITUS.
CAMAJUANI,
CRUCES,
Cl EGO DE AVILA,
HOLGUIN.
NEW YORK AGENCY—1 WALL ST.
.
BANKERS
C I. HUDSON & CO.
■oa. Si-36 WALL 8T., NEW YORK.
Collections
7 Wall Street
63 State Street
NEW YORK
BOSTON
Exchangee
■ember• New York and Chicago Stock
Specialty.
a
Sole Depositary for the Funds of the RspnbMc of
Cuba
Member American Bankers' Association
Cable Address—Banoonao
760 Main Street
HARTFORD
TELEPHONE 8070 JOHN.
BANK
Miscellaneous Securities
E. W. CLARK & CO.
in all Markets
OF
HAVANA
76 CUBA STREET
BANKERS,
PRINCIPAL CITIES
WIRES TO
PRIVATE
Thomas L. Manson&Co.
PHILADELPHIA
321 Chestnut St.
Members Phila. and New York Stock Exchangee.
Interest allowed on deposits.
N.w York Correspondent.
■TOOK BROKER3
George P. Schmidt
Boa ton Stock
R. Y. and
Members
100 Broadway,
-
Exchangee.
NEW YORK
Frederlo Gallatin Jr.
Albert R. Gallatin
Members N. Y. Stock Exchange
111
Boston. Hartford. New Haven
and Philadelphia
w
■NOT and sell
on
deposits subject to sight check.
commission stocks and bonds, and
on
Edwin P. Campbel
James G. MacLean
General Banking and Stock
Exchange Business.
a
Norman S. Walker Jr.
John Y. G. Walker
Ex. Norton
WALKER BROS.
11 WALL STREET. NEW YORK
Members New York Stock Exchange
71 BROADWAY. N. Y.
MEMBERS N. Y. STOCK
Hanover Bank
II PINE STREET,
INVESTMEHT
J. S. Farlee.
NEW YORK
Stock
INVESTMENT
Exchanges
Deposits Subject to Checks
1869
SECURITIES
« WALL ST.. N. Y.
Members
New
York Stock
Exchange.
Investment Securities
87
WILLIAM
STREET
NEW
YORK.
1910
Jas. B. Colgate & Co.
■
,i Wall Street. New York.
Members
N. Y. Stock Ex.
MELLOR & PETRY
Investment
Bonds.
VICKERS A PHELPS
104 SOUTH FIFTH ST.,
accepted
Simpson, Pearce & Co.
Effingham Lawrence & Co.
Members N. Y. Stock Exchange
BAN KEBS
III BROADWAY, NEW YORK
DEALERS IN
Bonds and Guaranteed Stooke
Orders Executed in all Markets.
WEBB & CO.
DIVESTMENT SECURITIES
74 BROADWAY
Established 1864
Members New York Stock
Co.
Banket and Broken
BO. 74 BROADWAY,
NEW YORK
NEW YORK
Telephone 2817 Reotoe
Exchange
INSURANCE STOCKS
Telephones
111 BROADWAY
4490<1-2-8-4 Rector
NEW YORK
Fidelity, Phoenix, Home,
Niagara, Continental, ft,o.
BOUGHT AND SOLD
E. & C. RANDOLPH
Members
Ill
W. H. Goadby &
Philadelphia
NEW YORK STOCK EXCHANGE
PHILADELPHIA STOCK EXCHANGE
M Well Stmt. New York City.
Members of New York Stock Exchange
BONDS
Oash orders only in stocks
Securities
Stocks. Bonds, Investment
W. S. Tarbell.
D. H. Schmidt & Co.
Exchanges In this country and Europe.
Especial attention given to supplying hlgh-olast
INVESTMENT SECURITIES.
on
H. L. Finch.
HARTFORD. CONN.
Orders for Stocks and Bonds executed upon al
Interest Allowed
SECURITIES
Brokers and Dealers Its
No. 10 WALL STREET.
Phila.
facility consistent with good banking.
MEMBERS
J. S. FARLEE & CO.
BANKERS AND BROKERS.
Y. and
every
MEMBERS NEW YORK STOCK EXCHANGE.
JOHN H. DAVIS 6, CO.
Members N.
Time Deposits and Savings Accounts.
Accounts ot Banks, Firms. Corporations and Individuals
solicited.
We are prepared to furnish depositors
Members N. Y. Stock Exchange
EXCHANGE
Building
-
OFFICERS
W. M. Ladd, President.
R. S. Howard Jr., Asst.Cash
E. Cooklngtoam, V^Pres. J. W. Ladd, Asst. Cashier.
W. H. Dunckley, Cash.
Walter M. Cook. Asst. Cash.
Interest paid on
MEMBERS R. Y. STOCK EXCHANGE
■eeuriliefl Bought ft Sold on Commission
BANK
OREGON
Capital Fully Paid - - - $1,000,000
Surplus and Undivided Profits $600,000
24 NASSAU STREET
Transact
-
Established 1859
H. G. Campbell & Co.
William Herbert & Co.
&, TILTON
PORTLAND
HENDERSON & COMPANY
RAILROAD BONDS
GUARANTEED STOCKS
■snry G. Campbell
Capital, $1,000,000
LADD
Broadway
McCURDY,
BANKERS
8 NASSAU STREET. NEW YORK.
Established 1868
HUBERS OF N. Y. STOCK EXCHANGE.
York Committee
Acts as Caban correspondent of American
banks and transacts a general hanking basinasi.
NEW YORK CITY
A, M. KIDDER & CO.
Allow Interest
John E. Gardin 1
Alvin W. Krech/New
James H. Post i
SCHMIDT & GALLATIN
Tel. 8800 Rector
Private Wire* to
J. Prentice Kellogg
William A. Larned
Chaa. H. Blair Jr.
CARLOS DE ZALDO, President
JOSE I. DE LA CAMARA. Vice-President
New
York
Broadway.
Stock
New
E. S. BAILEY
69 BROADWA *
Exchange.
EDWIN R. CASE
York.
Open Market Securities Department
HORACE HATCH. Manager.
Dealers In Investment and Other Securities of the
United States and Canada
..
NEW YORK
NEW
JERSEY
No better State
SECURITIES
No better Securities
18 EXCHANGE PLACE
Tdf. 866 and 761
JERSEY CITY
THE CHRONICLE
Oo®, 1 1910.
fgngttwe**.
-
xvn
financial.
OFFICE OP THE
M
H. M. Byllesby & Co.
ATLANTIC MUTUAL INSURANCE COMPANY.
New York, January 21st, 1010.
ENGINEERS
The Trustees, in conformity with the Charter of the Company, submit the following statement of Us
on the SIsf of December, 1009.
Premiums
Premiums
EXAMINATIONS and REPOSTS
on
on
Marine Risks from 1st January. 1009, to 31st December,
Policies not marked off 1st January, 1000—....
Total Marine Premiums
1000
affairs
......33,750.301 35
717,712 70
—...........
......—.....
34,477,103 95
....—
Premiums marked off from 1st January, 1000. to 31st December. 1000................33,701,557 05
CHICAGO
218 La Salle Street,
Portland. Ore.
Interest received during the year
Rent less Taxes and Expenses
.....
...
3322,046 48
145,679 82
$487,726 26
^
Mobile. Ala.
Oklahoma City. Oklahoma,
.........
$240,891 07
Less Salvages
Re-insurances
I. G. WHITE & CO.
asaae sag—a
,
Losses paid during the year which were estimated In 1003
and previous years
$820,378 10
Losses occurred, estimated and paid In 1000
1,140,450 56 $1,078,837 75
235,520 48
.........
485,411 55
>L493,428io
Returns of Premiums.—..-.
Expenses, Including officers’ salaries and clerks’ compensation, stationery,
newspapers, advertisements, etc..
......
.......
$60,285 14
—
Engineers, Contractors
Exchange Place, NEW YORK
49-49
Chicago, Ills.
San Francisco, Cal.
lavestlcation* and Report! on Electric
Railway Oat, Electric Tight and Power
Properties. Irrisation Syamnia. Ac., for
Plnandal Institutions and Investors.
Electric
Railways, Electric Light and Power
Plants, Gas Plants, Financed,
Designed and Built
London Correspondents:
/. 6. WHITE A CO* Limit**,
• Cloak Lane. Cannon St.. E. C.
....—
ASSETS.
United States A State of New York
Stock, City, Bank and other Securl ties
LIABILITIES.
$
i
i
$5,461,042 00
Special deposits In Banks ftTruttCos. 1,000,000 00
Real Estate cor. Wall A WllllamSts.,
A Exchange Place.$4,200,426 04
Other Real Estate A
claims due the com¬
pany
3356,013 94
Estlmated Losses and Losses Unsettled
32,303,207 00
685,546 00
Premiums on Unterminated Risks.
Certificates of Profits and Interest
283,468 05
120,560 42
Unpaid
Return Premiums Unpaid
Certificates of Profits Ordered Re¬
deemed. Withheld for Unpaid
75,000 00
4,374,426 04
Premiums
Certificates
Premium notes and Bills Receivable
Cash In the hands of European
Bankers to pay losses under poli¬
cies payable In foreign countries.
Cash in Bank
.......
1,213,060 68
22.352 40
of
Profits
Outstand¬
ing
Otf
7,404.800
•70,000 00
......
Real Estate Reserve Fund
250,048 04
633,405 1$
*
C. G. YOUNG
Faninotring and Construction
SIXTY
Plant,
Methods, Operation
Public Utilities and Industrial*
WALL ST.,
NEW YORK
Reports for Financing
Am. Soc. C. E.
Mem
H. U. WALLACE
ENGINEER
anamination*
latlons. Reporta. Surveys. Supervision
Steam
ctlon and operation of Electric and Stea
Aggregating
$12,021,800 89
A dividend of Interest of Six per cent on the outstanding certificates of profits will be paid to ths
holders thereof, or their legal representatives, on and after Tuesday the first of February next.
The outstanding certificates of the Issue of 1004 will be redeemed and paid to the holders thereof;
or their legal representatives, on and after Tuesday the first of February next, from which date aft
Interest thereon will cease.
The certificates to be produced at the time of payment and canceled.
A dividend of Forty per cent Is declared on the net earned premiums of the Company for the year
ending 31st December, 1909, which are entitled to participate in dividend, for which, upon appli¬
cation. certificates will be Issued on and after Tuesday the third of May next.
By order of the Board.
CORNELIUS ELDERT.
RICHARD H. EWART.
PHILIP A. S. FRANKLIN.
HERBERT L. GRIGGS,
Power- Plants. Transmission lines,
and Irrigation projects. Etc.
Ba-SKipt. Illinois Central RR.; Chief Engineer
Stations
wiMh
Central RR.; and Gen'I Manager Chicago
Lake Shore A South Bend Electric Railway.
Maranetta Bldg.
0. STANTON FLOYD-JONES. Secretary.
TRUSTEES.
7
•
■■*.%
j; ■,
CLEMENT A. GRISCOM,
DALLAS B. PRATTV
ANSON W. HARD,
GEORGE W. QUINTARD,
LEWIS CASS LEDYARD.
A. A. RAVEN,
CHARLES D. LEVERICH.
JOHN J. RIKER,
LEANDER N. LOVELL.
DOUGLAS ROBINSON.
GEORGE H. MACYl1_
GUSTAV H. SCHWAB,
CHARLES H. MARSHALL.
WILLIAM SLOANS,
NICHOLAS F. PALMER.
ISAAC STERN.
HENRY PARISH,
WILLIAM A. STREET.
ADOLF PAVENSTEDT,
GEORGE B. TURNURE.
CHARLES M. PRATT.
^
f.
A. A. RAVEN. President.
CORNELIUS ELDERT, Vice-President.
SANFORD E. COBB, 2d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART. 4fib Vice-President.
.
FRANCIS M. BACON.
WALDRON P. BROWN.
VERNON H. BROWN.
JOHN N. BEACH.
JOHN CLAFLIN,
GEORGE C. CLARK,
CLEVELAND H. DODGE.
Badroads,
Osntral
$11,260,125 70!
Aggregating
,
-
/
CHICAGO. ILL.
Bdmond C. Tan Diest
*
Robert MoF. Doble
Thomas L Wilkinson
iUmotS Hmrety Company
Associated Engineers Co.
■xmminatioiu, Reports Construction, Operation
Irrigation Enterprises
a
Home Office, 206 La Salle Street
Specialty
CHICAGO
DENVER. COLO.
417Century Building
BstaMehed 1880.
A.
L.
REGISTER
Suooessors to
WRITES ALL CLASSES SURETY BONDS
A, CO.
Court—Fidelity—Contract—Miscellaneous
Pepper ft Register
ENGINEERS & GENERAL CONTRACTORS
111 North Broad Street
Philadelphis.
The motto of the Illinois
both in the
mining ^ngtnesvs.
Surety Company is “Prompt Service
handling of its business and the adjustment of its losses
H. M. CHANCE
Coasuiting Mining Engineer and Geologist
GOAL AND MINERAL PROPERTIES
Examined, Developed, Managed
••t Diesel Bldg.
PHILADELPHIA. PA
i860
Nederlandsch Admmistratie- & Trustkantoor
(NETHERLANDS ADMINISTRATION A TRUST COMPANY )
215 Stngel - AMSTERDAM. (Holland.)
i»oe
The United States Life
Insurance Co.
IN THE CITY OP NEW YORK
Issues Guaranteed Contracts
JOHN P. MUNN, M. D., President.
Finance Committee
OLARENOE H. KELSEY. Pree. TitleGu.ATr.Oe,
WM. H. PORTER, Pree. Chemical National Bank
■D. TOWNSEND, Pree. Imp. A Traders Nat. Bk.
;
«
! ■’> -“>•
■
t
Good men, whether experienced in life Insurants
or not, may make direct contracts with this Com¬
pany. for a limited territory If desired, and steam
for themselves. In addition to first year’s commit
slon. a renewal Interest Insuring aa Income for ths
future.
Addrees the Company at Ite Home Offles
No. 177 Broadway. New York City
H. MEINESZ, President
Board of Directors!
H. WALTER. L. D„
Chairman,
de Kook ft Uyt den Bogaard.
Ph. MEES.
A. A. H. BOISSEVAIN.
Director of Swiss Bankvereln and
R. Meet ft Zoonen.
of Labouehere.Oyent ft Go’s Bank.
J. A. DUYNSTEE,
H. MEINESZ.
Telders ft Co.
President.
G. H. DE MAREZ OYENS,
*
F. Th. EVERARD.
Banker.
Labouehere.Oyent ft Oo't Bank.
P. M. J. GILISSEN.
A. L. 0. H, PICHOT*
Arnold GUltten.
Westerwoudt ft Co.
AUG. KALFF.
W. M. SCHEURLEER.
Jan Kali! ft Co.
Soheurieer ft Zoonen
,
Acts
Acts
as
as
Executor, Administrator, Trustee,
Trustee of Corporation Mortgages*
Guardian, Agent, at*.
XV1I1
THE CHRONICLE
■
Qxnst ©orayatiLes.
^i^^»«**»**»»*»i»i«i%vvyv'ri)vvwtfvftfw>AAf>miVrvv»vvvrtrvwM~im<~MVvvuwifvuv>Aruvin-^ivwv»>,v1>AAri*-*r'^iVM~irina-ij-iru
IVOL.
LXXX AI
Jgvttsi ffiompatxtjes.
united states Ttost soapy or lev M,
Chartered IMS
45 and 47 WALL STREET
CAPITAL,
$2,000,000.00
$13,856,570.83
SURPLUS AND UNDIVIDED PROFITS
This Company acta aa Executor. Administrator. Guardian. Trustee. Court Depoaltary and In
ether recognized trust capacities.
It allows Interest at current rates on deposits.
It holds, manages and Invests money, securities and other property, real or personal, tor estates
>atporations and Individuals.
Manhattan
T rust
Company
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A. EDWARDS, 2d Asst.Sec.
Temporary Offices
TRUSTEES.
JOHN A. STEWART. Chairman of the noara.
W. Bayard Cutting,
William Rockefeller,
Gustav H. Schwab.
Frank Lyman,
Alexander E. Orr
William H. Maey Jr.,
Wmam D. Soane.
James Stillman.
John Claflln,
John J. Phelps,
Lewis Cass Led yard.
Lyman J. Gage.
Payne Whitney.
Edward W. Sheldon.
Chaunoey Keep
George L. Rives,
Arthur C. James,
William M. Kingsley.
113 BROADWAY
William Stewart Tod.
Ogden Mills
Egerton L. Wlnthrop
WALL STREET
Fidelity Trust Company
CORNER NASSAU
NEWARK, N. J.
Resources Over $29,000,000
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts
UNITED STATES
MORTGAGE & TRUST
Executor, Trustee, Administrator and in all fiduciary capacities.
Takes entire charge of Real and Personal Estates. Guarantees Titles of
Beal Estate throughout New Jersey.
as
COMPANY
NEW YORK
General
Banking and Savings Departments. Bond Department tor
purchase and sale of municipal and public utility securities. Safe Deposit
Department.
CAPITAL,
$2,000,000.00
SURPLUS,
$4,000,000.00
Invites Personal and Business
Accounts. Acts as Trustee, Ex¬
CENTRAL TRUST COMPANY
of NEW YORK
54
Wall Street
ecutory Administrator, Guard¬
ian
and
in
all Fiduciary
Capacities.
Certifies Muni¬
cipal and Corporation Bonds.
Capital and Surplus, $18,000,000
55 Cedar St.
(of which $ 17,000,000 has been earned)
Authorized
to act
as
Executor, Trustee, Administrator
Receives Deposits, subject to check, and allows Interest
Acts
as
Transfer Agent,
B’way & 73rd St.
or
Guardian.
Daily Balances.
Registrar and Trustee under Mortgages.
on
125th St. & 8th Ave.
Industrial Trust Company
Providence, R. I.
CAPITAL
SURPLUS
IS.000.00S
8,000,000
OFFICERS.
Cyrua P. Brown, President
Arthur L. Kelley, Vice-President
CHARTERED 1864
Union Trust Company of NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office: 425 Fifth Avenue, corner 36th Street/
With Modern Safe Deposit Vaults
Capital $1,000,000
Snrplns (earned) $7,737,000
ALLOWS INTEREST ON DEPOSITS.
Acts
as
Executor, Onardlan, Trustee, Administrator and in all Fiduciary Capacities
on behalf of Individuals, Institutions or
Corporations.
H. Martin Brown, Vice-President
Otis Everett, Vice-President
Joshua M. Addeman, Vice-President
Ward E. Smith. Treasurer
Chas. H. Manchester. Secretary
H. Howard Peeper, Asst. Trees.
Frederick B. Wlloox .Auditor
BOARD OF DIRECTORS.
Samuel P. Colt
Herbert N. Fenner
Olney T. Inman
J. Milton Payne
William R. Dunce
Eben N. Littlefield
Richard A. Robertson
Otis Everett
Joshua M. Addeman
C. Prescott Knight
James M. Scott
Jesse H. Metcalf
William H. Perry
John J. Watson Jr.
Arthur L. Kelley
Charles H. Allen
H. Martin Brown
John B. Branch
William P. Chapin
George F. Baker
George M. Thornton
Angus McLeod
Cyrus P. Brown
Chas. C. Harrington
Louis H. Comstock
Ezra Dixon
Howard O. Sturgis
Edward D. Pearce
Englehart C. Ostby
ffitmtctol.
IUinoisTrast&SavmgsBank
CHICAGO
Capital and Surplus
$13,600,000
Pays Interest
Deals In
Time Deposits, Current and Reserve Accounts.
Investment Securities and Foreign Exchange.
on
Transacts
a
General
Trust
CORRESPONDENCE
Business.
INVITED.
Adrian H. Muller & Son,
AUCTIONEERS.
Regular Weekly Sales
OF
STOCKS and BONDS
EVERY WEDNESDAY
Office, No. 55 WILLIAM STREET.
Corner Rine Street.
r
OOT. 1
•v
1910.]
THE CHRONIGLE
XIX
£vnst Companies.
The NEW ENGLAND
TRUST COMPANY
OLD COLONY TRUST COMPANY
BOSTON, HASS.
BOSTON, MASS.
C
APITAL. *1.000.000
Capital and Surplus
SURPLUS. $2,000,000
Safe Deposit Vaults
act as Executor, and to receive
and hold money or property In trust or on
deposit
from
Courts
of
Law
T. JEFFERSON COOLIDGE
JR., Chairman Executive Committee
GORDON ABBOTT. Chairman of Board.
FRANCIS R. HART, Vice-Chairman.
Charles F. Adams 2nd
Philip Y. DeNormandle
Henry C. Jackson
F. Lothrop Ames
Philip L. SaltonstaM
Philip Dexter
George E. Keith
Oliver Ames
Herbert M. Sears
A.
George
Draper
Gardiner
M.
Lane
C. W. Amory
Quincy A. Shaw
Frederic C. Dumalne
Col. Thos. L. Livermore Howard
William Amory
Stockton
William Endlcott Jr.
Arthur Lyman
Charles F. Ayer
Philip Stockton
Wllmot R. Evans
Charles S. Mellen
John S. Bartlett
A. Stone
Charles
Frederick P. Fish
Laurence Minot
Galen L. Stone
Samuel Carr
Reginald Foster
Maxwell Norman
B. P. Cheney
Nathaniel Thayer
George P. Gardner
Hon. Richard Olney
Lucius Tuttle
Edwin Farnham Greene
Hon.T.JeffersonCoolldge
Robert T. Paine 2nd
T. Jefferson
H. O. Underwood
Coolidge Jr.
Robert F. Herrick
Henry Parkman
Charles E. Cottlng
Eliot Wadsworth
Henry
S.
Howe
Andrew W. Preston
Alvah Crocker
Stephen M. Weld
Walter Hunnewell
Richard S. Russell
Sidney W. Winslow
Charles W. Whittier
Equity Executors.
Administrators, Assignees, Guardians, Trustees
Oorporatlons and Individuals.
Also acts as Trustee under Mortgages and as
Transfer Agent and Registrar of Stocks and Bonds.
Interest allowed on Deposits Subject to Check
or
OFFICERS
DAVID R. WHITNEY, President
CHARLES F. CHOATE, Vice-President
ALEXANDER COCHRANE, Vice-President
NATHANIEL THAYER. Vice-President
JAMES R. HOOPER. Actuary
HENRY N. MARR, Secretary
FRED. W ALLEN. Asst. Sec. A Treas
THOMAS E. EATON, Asst. Treas.
FRANCIS R. JEWETT. Trust Officer
CHAS. E. NO'.T, Mgr. Safe
Dep. Vita.
BOARD OF OIRECTORS
PRESIDENT. PHILIP STOCKTON.
Treasurer. FREDERIC G. POUSLAND
Cashier. GEO. W. GRANT
Secretary. CHESTER B. HUMPHREY
Vice-Presidents,
William Endlcott. Chairman
Walter C. Bay lies
James G. Freeman
Alfred Bowdltch
Morris Gray
3. Parker Bremer
James R. Hooper
Timothy E. Byrnes
Ernest Lovering
Charles F. Choate
Henry H. Proctor
Alexander Cochrane
James M. Prendergast
Philip Dexter
Herbert M. Sears
William Endlcott Jr.
Lawrence M. Stockton
Francis W. Fabyan
Nathaniel Thayer
William Farnsworth
Eugene V. R. Thayer
Frederick P. Fish
David R. Whitney
George Wiggles worth
WALLACE B. DONHAM
JULIUS R. WAKEFIELD
Credit Dept., ELMER E. FOYE.
Manager
Trust Officer. F. M. HOLMES
Authorized Re$erve Agent for Tru$t
Companies in Maine, Ma$sachu$ett$ and Rhode l$landi
Girard Trust
Capital and
Acts
Company.
Surplus, $10,000,000
Executor, Administrator. Trustee.
Financial Agent for Individuals
The Trust Company
of North America
Corporations.
as
-
-
E. W. Clark Jr.
Eckley B. Coxe Jr..
Edwin S. Dixon.
Eugene L. Ellison.
Joseph C. Fraley,
Harry C Francis,
Henry L. Gaw Jr..
Howard S. Graham.
E. B. MORRIS, President.
W. N. ELY, 1st Vice-President.
A. A. JACKSON, 2d Vice-President.
C. J. RHOADS, 3d Vlce-Pres. and
Treasurer.
E. S. PAGE, Secretary.
MANAGERS:
DIRECTORS.
Effingham B. Morris,
Levering Jones.
Malcolm Lloyd.
John Mcllhenny.
Richard Wain Mein.
Clement B Newbold.
John W. Pepper.
William F. Read.
Adam A. Stull.
Edward D. Toiand,
Joseph R. Wain wrlght,
CAPITAL, SURPLUS
and
Edward J. Berwlnd,
Randal Morgan,
Edw. T. Stotesbury,
Charles E. IngersoU,
John S. Jenks Jr.,
John A. Brown Jr.,
John B. Garrett,
William H. Gaw,
Francis I. Gowen,
Geo. H. McFadden,
Henry B. Coxe,
Henry TatnaU,
Edgar C. Felton,
William T. Elliott,
Isaac H. Clothier,
Thos. DeWltt Cuyler,
C. Hartman Kuhn,
James Speyer,
William D. Wlnsor.
W. Hlnckle Smith,
B. Dawson Coleman.
PHILADELPHIA
Rhode Island Hospital
Trust Company
cna
flOO
DIRECTORS.
John I. Beggs. President Milwaukee
Light Heal •
Traction Co.
Wilbur F. Boyle. Boyle & Priest.
James E. Brock, Secretary.
Murray Carleton, President Carleton Dry Goods Oa.
Charles Clark.
Horatio N Davis, President Smith & Da via
Mfg.Oa.
John D Davis, Vice-President.
David R. Francis, Francis, Bro. & Co.
August Gehner. President GermanAmerlcanBaak
S. E. Hoffman, Vice-President.
Breckinridge Jones, President.
Wm. G. Lackey, Vice-President and Bond
Offloev
W. J. McBride, V.-Pres. Haskell &
Barker Car Co
Nelson W. McLeod, Vice-President
GraysoaMcLeod Lumber Co.
Saunders
Norvell.
President
Norvell-Shapleigh
Hardware Co.
Robert J. O’Reilly. M. D.
Wm. D. Orthwein. President Wm.
D. Orthwetu
Grain Co.
Henry W. Peters, President Peters Shoe Co.
H.C.Pierce, Chairman Board Waters-PlerceOllCa.
August Schlafly, August Schlafly & Sons.
(Nation.
PROVIDENCE. R. I.
CAPITAL
SURPLUS
$2,000,000
$2,000,000
DIRECTORS.
Royal C. Taft,
Robert H I. Goddard,
Robert I. Gammell,
William B. Weeden,
Edward D. Pearce,
Robert Knight,
John W.
Danielson,
L. F. DOMMERICH & CO.
Howard O. St urges,
Stephen O. Metcalf.
Waiter R. Callender.
Edward Holbrook,
James E.
Sullivan,
Benjamin M. Jackson
John R.
NEW YORK
Freeman,
Herbert J. Wells,
Charles S. Mellen.
Lyman B. Goff,
Robert W. Taft,
Rowland G. Hazard,
Webster Knight,
Nelson W. Aldrich,
Stephen O. Edwards.
Samuel R. Dorranoe,
Frank W. Matteson.
R. H. Ives Goddard Jr.
HERBERT J. WELLS. President.
EDWARD S. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAMWELL, Secretary.
PRESTON H. GARDNER. Trust Otfioei
CYRUS E. LAPHAM, Asst.
Seo’y.
JOHN E. WILLIAMS, Asst.
HENRY L. SLADER, Asst.Sec’y.
Sec’y.
G. A. HARRINGTON.
Asst.Tr.Offto
General Offices, 57 Greene Street
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
DISCOUNT AND CUARANTEE SALES
CARRY NO
«eNTs"1!S“ OTHERS
GOODS FOR OWN ACCOUNT
CENTRAL
TRUST COMPANY R. H. ROUNTREE &
CO., Geo. H. McFadden &
Commission Merchants.
OF ILLINOIS
Bro.,
COTTON MERCHANTS
COTTON, GRAIN, PROVISIONS
CHICAGO
Capital and Surplus
-
G.
GWATHMEY & CO.
COTTON MERCHANTS
22
Exchange Place,
-
-
Offloer.
BANKING, SAVINGS AND TRUST
DEPARTMENTS.
PHILADELPHIA.
V
—
NEW YORK.
...I
Liverpool Correspondents:
FREDERIC ZEREGA
& CO.
Bremen Correspondents:
MCFADDEN BROTHERS & CO.
Havre Correspondents:
SOCIETE D’IMPORTATION ET DE
COMMIS’N
NEW YORK
MANG.
Secretary.
MALCOLM McDOWELL.
Asst. Secretary.
WILLIAM G. EDENS, Asst.
JOHN L. LEHNHAr6, Asst.Secretary.
Trust
and COFFEE
COTTON EXCHANGE BUILDING.
NEW YORK.
$2,500,000
CHARLES G. DAWES, President.
A. UHRLAUB,
Vice-President.
EDWIN F. MACK. Vice-President.
WILLIAM T. ABBOTT.
WILLIAM R. DAWES. Vice-President.
L. D. SKINNER, Asst. Cashier.
Cashier.
WILLIAM W. GATES, Asst.
Cashier.
JOHN W. THOMAS. Asst.
Cashier.
ALBERT
ROBERT MOORE A CO.
56 Beaver Street. New York.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND
LIVERPOOL
3XCHANGES.
30TT0N PURCHASED FOR SPINNERS’
USB.
"—ii
^
A GENERAL FINANCIAL
AND FIDUCIARY
R. H. Stockton, President Majestic
Mfg. Co.
Julius S. Walsh. Chairman of the
Board.
Rolla Wells.
Brosd and Chestnut Streets,
Samuej F. Houston.
1®q
PROFITSjvO.OWjWU
BUSINESS TRANSACTED.
or
on Individual and
Corporation Accounts.
Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization,
Registrar and Transfer Agent.
Assumes entire charge of Real Estate,
Safes to Rent in Burglar-Proof Vaults.
Acts
SI .000.00*
HENRY G. BRENGLE. President.
JOS. S. CLARK. Vice-President.
CHAS. P. LINEAWEAVER. Sec. A Treas.
ADAM A. STULL, Chairman of Board.
J.
Fourth & Pine Sts., St. Louis.
Interest Allowed
003-505-507 Chestnut St.. Philadelphia
Henry G. Brengle.
James Crosby Brown.
John Cadwalader.
Mississippi Valley Trust Co.
CHARTERED 1836.
as
Assignee and Receiver.
CAPITAL
$12,500,000
DIRECTORS.
Authorized to
Mason Smith & Co.,
OTTON COMMISSION MERCHANTS
^EW
QE n
ORLEANS, LA.
DALLAS, TEX.
PHIS, TON N.
Bayers of Spot Cotton.
cuted
Orders for Contracts Exe¬
In New Orleans, New
York,
Liverpool and Havre Markets.
l
•»
-'<■, f
[VOL.
LXXXXI.
Stnsttjdtsl.
ffitrttxra.
WOODWARD
E. H.ROLLINS & SONS
& STILLMAN
:RSZ6 COMPANY!
COTTON MERCHANTS
Established 1876
BANKERS]
16 to 22 WILLIAM STREET,
Negotiate and Issue Loans for Rail¬
roads and Established Corporations.
AliBRXCAN COTTON OP ALL GRADES SUIT¬
Buy and sell Bonds suitable tor
ABLE TO WANTS OP SPINNERS.
NEW YORK
Investment.
BrtabtUhed In 185#.
206
Henry Hentz & Co.
LATSALLE ST, CHICAGO
RAILROAD
MUNICIPAL
PUBLIC UTILITY
BONDS
Fiscal Agent lor Cities and Corporations
COMMISSION MERCHANTS
16 to 22 William Street, New York.
Execute Order» for future Delivery
List
COITON
At the New York, Liverpool and New Orleans
Cotton Exchanges. Also orders for
At the New
*T"n *
i
THE CHRONICLE
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
York^Coffee Exchange
QRAIN AND PROVISIONS
at the Chicago Board of Trade and
QRAIN AND COTTON-SEED OIL
At the New York Produce Exchange
Hubbard Bros. & Co.
COFFEE EXCHANQE BUILDINQ
on
Application
BOSTON
NEW YORK
CHICAGO
DENVER
SAN FRANCISCO
SEND FOR CIRCULARS.
HANOVER SQUARE.
PEABODY, HOUGHTELING & CO.
NEW YORK
COTTON MERCHANTS
181 La Saila Street#
liberal Advances Made oh Cotton
F. H. PRINCE & CO.
CHICAGO.
Consignments.
[Established 1865J
Hopkins, Dwight & Co.
BOSTON, MASS.
COTTON
and..-,
GEO. H. BURR & CO.
*
COTTON-SEED OIL.
HIGH-GRADE INVESTMENTS
BANKERS
COMMISSION MERCHANTS
Commercial
Roem 52 Cotton Exchange Building.
NEW YORK.
43
LEHMAN. STERN A CO.. Limited. New Orleans.
LEHMAN BROS.
Exchange Place
Paper
New York
Boston
St Louis
Philadelphia
ipnia
Kansas City
Chicago
if
Nos. 15-22 William Street, New York.
San Francisco
Members of the Stock. Cotton, Cqfjee
and Produce Exchanges, New York.
Orders executed on the above Exchanges, as well in
New (Means, Chicago and foreign markets.
Sullivan Brothers & Co
Stephen M. Weld & Co.,
Municipal and Corporation
First National
Bank Bldg.
COTTON MERCHANTS,
82-92 Beaver
Street,
-
Members of New York and Boston Stock Exchanges
Chicago
Hew York City
BONDS
XJAJivAAJ
111 Broadway
New York
BONDS
—
42T
CHESTNUT
BOSTON. PHILADELPHIA. PROVIDENCE
Members
Liverpool. WELD A CO.
Bremen. ALBRECHT. WELD A CO.
Chas. S. Kidder & Co.
Siegfr. Gruner & Co.
MUNICIPAL & COR¬
PORATION BONDS
COTTON MERCHANTS
17 South William
182 LA 8AT.T.E
Street,
STREET,
CHICAGO
WILLIAM
[New
York 8t°ck ««*•»*•
(Philadelphia “
“
[Established 1561.1
W. T. HATCH &, SONS
BANKERS AND BROKERS
71 Broadway,
NEW YOBS.
STREET
PHILADELPHIA, PA.
•
Naw York
MEMBERS OF
NEW YORK STOCK EXCHANQE.
RAY & CO.
Devitt, Tremble & Co.
Successors to
GEO COPELAND A GO.,
COTTON BROKERS.
tt Cotton Exchange.
New York.
Orders for future delivery oontracts executed on
She New York and Liverpool Cotton Exchanges.
BONDS FOR INVESTMENT
FIRST NATIONAL BANK BLDG.,
CHICAGO
SMITH A HAYNE
PHI LA. NATIONAL BANK BLDG.,
Frank B. Hayne (in Commendum)
Cotton Brokers,
PHILADELPHIA
HOLLISTER, FISH & CO.
BANKERS
Members New York Stock
Exchange
Investment Securities
Naaaau & Pino
Stroeta, N. Y.
COTTON EXCH ANGE BUILDINO.
NEW ORLEANS, LA.
DominicR & DominicR
ORDERSVFOR FUTURE DELIVERY EXE¬
CUTED IN NEW ORLEANS. NEW YORK
AND LIVERPOOL MARKETS.
H. T. HOLTZ & co-
(Other cotton cards on preceding oage.)
115 BROADWAY
Members New York Stock Exchange.
municipal AND
financial.
CORPORATION BONDS
United Bank Note Corporation Stocks
FIRST NATIONAL BANK
RICHMOND. VIRGINIA
Capital and Earned Surplus,
$2,000,000
JOHN B. PURCELL. President
JOHN M. MILLER JR., V.-Prest. A Cashier
FREDERICK E. NdLTING. 2d Vloe-Prest
Correspondence Invited
siMem
Correspondence Invited
171 LA SALLE STREET,
,
OHIOAQO
DICK BROTHERS
& CO.
BANKERS AND BROKERS.
SO Broad St..
•
New York.
Members of N. Y. and Phha. Stock Bxohinges.
New York. New Orleans aad Liverpool Gotten
Exchanges. New York Coffee Exchange
and Chicago Board of Trade.
I
i
@FedFRASER