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1
7
.
1
finannal
ramcle
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
me8
Street Railway Section (™ ^ a w y )
State
(Monthly)
Railway and Industrial Section (Quarterly)
r
Entered according to Act of Congress, in the year 1905, by William
A
weekly newspaper entered at Post
VOL.
New
Office,
B. Daha Company, in the ollioe of Librarian of Congress, Washington, D.
York, as second-class matter— William B. Dana Company Publishers, 7tiJ^ Bine St., N. Y.
SATUBDAY. OCTOBER
81.
14
NO.
1905.
Week ending October
glxe (Chronicle.
Clearing*
at—
1905.
inc. orl
1904.
PUBLISHED WEEKLY,
Terms
Subscription
oi
— Payable
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ProvidenceHartford
in Advance
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One Year
For Six Months
JCor
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Subscription include* following Section*
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Total New England.
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oi
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CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers* Gardens, E.
Six
WILL1AH
DANA COMPANY,
B.
Pine Street, Corner
Box 958.
Post Office
ot
171,380,870
7,983.100
8,499.066
2.598,794
1.973,800
1,746,768
2.447,633
1,031,467
528,305
640.005
525,706
20
00
00
00
00
Milwaukee
Indianapolis.
Col u m b us.
Peoria
Grand Rapids
Dayton
Evansvllle
Akron.
Publisher*,
Springfield.
Ill
Youngstown
Kalamazoo
Pearl Street,
NEW YORK.
Lexington
Canton
Rockford
Springfield,
O
CLEARING HOUSE RETURNS.
Bloomington
Ouincy
The following table, made up by telegraph, etc., indicates
that tbe total bank clearings of all the clearing houses of the
United States for the week ending to-day, October 14, have
been $3,778,224,879, against $3,167,094,620 last week and
$2,451,184,424 the corresponding week last year.
Decatur.
Mansfield
Jacksonville
Jackson.
Clearing*— Return* uu telegraph,
Week Eruliru October
New
1905.
14.
,
,
,
,
Ann Arbor
Wayne
Fort
South Bend
Total Mid. Western
San FTanclsco
Los Angeles.
Seattle
Salt Lake City.
Portland.
P. Cent.
1904.
+163 Spokane
+172 Tacom a
+138 Helena
n,244.492,330
Philadelphia
Baltimore
Chicago
St, Louis
New Orleans
11,447,356.420
130.832,827
113.190.513
22,683,330
175,261.549
53,685,231
13.558.553
Seven cities, 5 days
Other cities, 5 days
*1.956.548,432
348.697,824
$1,704,696,253
311.172,493
+14-8
Omaha
+121
St.
St.
i2.305,246,256
472,978.623
*2.0 15.868,751
+14-4
Denver
Des Moines
t2.778.224.679
*2.451. 184.424
York.
Boston
Total
all
lday
All cities,
Total
dtles, 5 days
all cities
for
week
111,664,118
99.443,703
23.718.815
150.228.205
50.454.505
15.694.487
435,315.673
-4-4
+
10-1
+6-4
—13-6
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
+87
..
Paul
Joseph.
Sioux City
+133 Topeka
full details for
Wichita.
the
We present
,
below our usual detailed figures for the previous Houston
week, covering the returns for the period ending with Satur- Galveston
Richmond.
day noon, October 7, and the results for the corresponding Savannah
Memphis
week in 1904, 1903 and 1902 are also given. Contrasted with Atlanta
Nashville
the week of 1904 the total for the whole country shows a gain Norfolk
of 18-5 percent.
is 16*5 per cent.
Outside of
New York
the increase over 1904
Clearing*
1901
1006.
Philadelphia...
Pittsburgh.....
*
£.049, 158,412 1,713,612,785
168, 844.664
128,061.950
M
43 451.511
422.357
7
SIJ^.Sjl',
>;
Buffalo
Washington
Albany
lv;4.71<;
Bl,
Baltimore
128.611
21 5(1,81:
7.242,91')
4.680.6V-7
.7
Rochester
Scranton
Syracu«e
4
2,
1
Wilmington
Reading
Wilkes Uarre-
1
Whee.lnif
1
Blntrhamton
1
1
Inc. or
Dec.
-20-0
--28-1
-
Jacksonville
40.533.111
83,968,777
8.093.921
8 IK3.778
89.413 3*7
24342,656
4.1'
--20*8
.8
58,7 s
3.55',7-v;
-1-17-0
008,180
870 914
1,760,000
1.4W0.3M6
1.087.628
--17-5
2,7
1,826,471
1.266.821
--31 4
1,141.46*1
-
820,H|
i
4.484.405
1
1
,428,461
,506.364
,061,081
,091,499
-
-28'
I
1,306.483
-Ot
788,061)
+40*6
4-187
769.26
418.700
+100
41o,W2 +300
460,909
502.598
444,706
554.263
Franklin Pa..
Total Middle
195353
610.243
228,815
— l-rr
73<vmo
+W
o.;u
eVi*jJ84
1,2'
Erie
i
I
1.156.497
1.818.123
1,511.158
-32-1)
1,065,869
Chester
.'.7.0^:
4 1.1.91
8.801.11
117
+8-6
I
I
29
374,557
4 14 7
78,199,632
27,312,586
27,123,657
9.681,309
7.811,007
4,353.064
7,333,675
2,800,000
2,071,355
562,163
60.571.686
82,528,639
6,452,89;
5.394,018
2,892,46
6.374.819
3,418,478
2,881,848
555.173
602,710
410,611
22,164,334
24.780.14r
8,943,112
6,809,491
4.097,688
4,418,70"
2.832,78*
1,630,480
1,004 094
1,386,180
947,992
665,236
648,697
251,540
1
902 790,479
+15-6
+89 9
+1-8
4-11
-26 6
+246
+5'3
+
02
+12-2
+224
+36
—60
—4-5
+13-3
+249
+125
+03
-179
+209
128,677,531
6.914.100
2.507.710
1.781.503
1,707,040
1,427,823
1,611.660
907.050
538.647
644.784
479,077
144.166.93
185.012,108
20,888,200
15.424,031
10,748.798
8,015.985
6,606,052
4.578,300
8,249,341
2,715,605
2.051,431
1.962,200
1,071,701
694,700
1902.
i
147.188.118
6,785.200
8,726.518
1,801,358
1,491,917
1,769,285
1.493,244
L168.444
685.507
648,488
865.842
166.910,921
163.766.148
20,339,550
15,497.649
9,185.393
7,143,230
6.840,309
4.372.050
2.970 230
8.112 617
1,603,220
1,601,146
824.18'
—24
948.396
620,000
622.587
763,280
-4-7
694 830
721338
+180
580,293
650.207
417,128
450.174
443.467
341,414
832.218
292,392
+6'9
197,197.
+100
162.000
105,214
665,324
682.856
406.964
809,982
462,460
851,974
258,603
210.031
282.988
217,480
165,000
99,111
209,105,599
20,174,475
6.109,035
4,807.077
2,766,132
4,073,103
2.402,646
2,010,498
650.240
712.997
347.452
268.106,137
29.111.181
6.203 838
4.746.403
8,015,873
4,553.174
2.095.714
1,847.860
699.407
748,387
885.687
62.953,745
27,328.71
17.860,270
8,172,824
6,403,001
4,567,212
4,990.330
2,081,516
1,441,019
1,845.220
1,210.336
892 288
288,550
62,305,594
21.014.637
18.094.558
7,482.753
6.517.410
4.356,163
4,600,000
2,406,580
1,889 119
l.637;i64
1.141,954
690,722
473.433
+82
+147
—30
+171
+2-1
+21-0
+887
+1-7
d Into tal.
d inti tal.
+5-6
I
+238
--56 4
--49 2
--445
-140
-
--15*1
+17-1
--44-1
+18
1
-r-19-6
+29+23*2
+9-4
+8-3
+7'4
-73
-12
+66-2
+27-U
-44-1
fia-o
+23
1
-9-3
+13
4-30-2
iu to ml.
211,205
143 508
77.872,548
50.900.098
15.010,304
0,351,805
0.693,201
5.75S.O00
4,408,830
6,265,622
71,108,058
46,216,087
12,828.320
9,420.135
8,153,396
4.866.000
4,056,351
4,399,82 L
4,411.573
3.439,828
2.043,580
1,708.899
1,704.789
1,152.088
887,941
2,289.303
1,094,893
Not include d
92.834.239
57,988,650
15,270.570
12,477,731
13,209.124
7,676,000
4,840,350
7,121,687
5.691.133
4,743,772
3.845.920
2,607,855
2,951,822
1,984.523
1.899,040
3,338.370
1.146,370
81,082,091
1,608.835
708,887
53,855,4S!>
17,480,803
10,688.120
8.77X.8B2
6,704,000
6.073,004
6,994.574
5,954,151
4,0 10. 10!)
+145
+8
-12
+ 10'
+50-5
+145
—45
+19
-44
4716,792
+ 181
3,577.553
2 024,140
1.968,154
1,044,539
1,199,508
1,121,602
1.985.878
1.001,470
1,850.758
1,164,000
716.380
829,541
+23-7
3,109,070
2,290 940
2,140,780
+13-'
+37 9
1,421,48-1
+390
1,217,388
+15-0
2.179,7 71
1,068,021
+531
880,09b
983.968
425,829
-8-6
00
+354
+258
-56
Not include d In to
070. 0OO
688.545
381,458
tal.
Total all
Outside New York
1 10,009 203
125.592,367
1.977,167,677 2,564.207 45J
137,258.908
151,821,278
3,167,094,620 2.873,368,264
+106
1,117,086,178
959,755,479
+166
801,132,199
861.008,177
30.130,630
25.28o.001
8,850 001
1,800.000
. .
24,181,184
20,721.780
+246
+220
23 374.185
27.120,830
10,878.284
6,017,001
1,804.958
8,188.886
+ 13-5
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
8327.430
1368.416
Ouebec
Vancouver
Hamilton
St. John
London
6.699. 102
1.021 331
2.627, :i3
1,048.120
1
i-
2.120.744
1,600.287
1, 073.0
1.16!
1,088 842
70.07
02.712 243
1
1
I
Total Canada...
.
16.001
6.473.618
-
1-8
1.89
+7-8
+2119
2.860.989
+259
1381,081
1,807,624
1
2.0
1
,8
I
Victoria
247.221
1,307,486,1-51
Columbus, Ga
Mobile
Total Southern
298.770,760
603,406
623,687
327,428
+41
+113
+191
+91
177,0*
Not include
Not include
315,606,870
40,272,015
10,089,502
8,046.288
4.179.952
6,228,961
3,983,938
3,875,039
800,000
782,899
491.038
1,200,000
1.237.151
402,191
1,310,783
Chattanooga
1902.
512,100
810,302
616,940
811,840
570.229
552,280
446,207
350,234
438,619
876.070
342,401
358,508
267,061
192.500
180,000
828,080
492,480
868.908
Macon
1903
7,068.204
+335
481,900
40rt 709
Greernburg....
Little Rock.
Charleston
7.
+19-6 U116.78S.44f 1,702.293,275
- -290
11 4. 139. 457
101.721.086
551,400
486.1M)
..
Birmingham
Augusta
at—
New York
Fort Worth.
Knoxvllle
Week ending Octoler
217,988.703
26.054.800
16,892,067
12.986,177
9,226.730
7.202,642
4,961,200
+11-8
519.017
633.355
713,662
1.812.7'JO
..,
+296
165,952,014
206 085,354
26,012.050
15,059.059
10,668,622
8.905,101
7,660,515
6.193.000
3,471,709
8,387.94"
2,068,365
1,724,360
1.896,543
624,000
670,446
631,954
852,250
483,050
510.398
389.129
861,168
874,411
368,459
283.020
187,327
249.898
175,000
1,564.111
1,166,702
Davenport
week covered by tbe above will be Colorado Springs....
given next Saturday. We cannot furnish them to-day, clear- Cedar Rapids
Fremont
ings being made up by the clearing houses at noon on Satur- Pueblo
Total other West'rn
day, and hence in the above the last day of the week has to St. Louis
New Orleans
be in all cases estimated, as we go to press Friday night.
Louisville
The
194,355,574
3,934.121
8,661,986
2,583,336
1,940,128
1,401,085
Toledo
O.
135.333,201
7.139.600
8,300,227
2.335,021
1.656,562
1,601.787
2.116,298
543,224
2103.
7.
1003.
Dec.
C
+ 12 5
+21*8
+ 22
7
980,600
684 inO
55 750.478
1,698480
1 ,888,662
6,468
1,088,601
804 885
628,218
61.537.408
THE CHRONICLE.
1138
THE FINANCIAL SITUATION.
This has been a week more than usually prolific in
events of interest. Among the more prominent is the
thirty-first annual session of the Bankers' Convention,
held this year at Washington, a complete record of the
proceedings of which will be given in our "Bankers &
Trust" Supplement, to be issued by us next Saturday.
Another was the annual meeting of the Erie Railroad,
signalized by the ratification of the purchase of a controlling interest in the Cincinnati
& Dayton
Hamilton
Vol. lxxxi.
event to this new era. Before that occurrence Russia
was a more threatening factor in the situation of the
nations of the world than any other Power. Her
and always has been, encroachment and, what is most marvelous, every other
nation seemed to tremble when the Russian bear
showed its molars. Japan not only scattered that awe
by proving it to be an illusion, but so far crippled that
country's capacity for doing wrong to its neighbors
that it is for the time harmless.
But to the Government of Great Britain, and especially to King Edward,
national policy was,
—
Railway, rumor also claiming, among other advan- belongs the chief honor of recognizing the arrival of
tages through a future interest in the Michigan Cen- the timely moment for action and taking advantage of
closer traffic arrangements between the Erie the situation to form an alliance which in its later
tral
and the Great Northern, and thus giving the Erie direct effect in divers ways enforced peace; we refer to the
connection from New York with the Pacific a vision- alliance between Great Britain and France, which first
ary suggestion, at least at present. A new stock became possible with the defeats Russia suffered on
issue by the Great Northern railroad of $25,000,000 land and sea, and which at the time stayed the tendhas likewise been an incident in the history of that ency of that conflict to spread, and consequently did
company, made in pursuance of its usual policy so much towards preventing the encounter from inSince the Japanese war came
to cover capital expenditures by stock rather than volving other nations.
by interest-bearing securities. Also the monthly Ag- to its end the same alliance has more than once exer-
—
—
—
Department crop estimates have attracted
decided attention; they are stated to be "made up from
the reports of the correspondents and agents" of the
Bureau, by the "Crop-estimating Board" under date of
October 1st, indicating enormous results to wit, the
no little restraint in quieting diplomatic differences which have arisen between France and her near
about 2,700,000,000 bushels against 2,467,480.000 in 1904, of wheat
(spring and winter), 683,000,000 bushels against
552,309,517 in 1904, and of oats 939 ,000 ,000 bushels,
Britain,
ricultural
—
largest yield of corn ever harvested,
against 894,600,000 in 1904.
was quite generally claimed that the special setback in the securities market Wednesday was due to
in a speech
made
neighbor, and so again acting in favor of peace.
We
need not stop to speak of that other weighty influence
the
new
Japan and Great
such a valuable makeweight in leading up to
treaty of August 12 between
Japan's acceptance of Russia's terms of settlement.
This latter idea has attained fresh importance and
indeed confirmation the last ten days through the re-
from Japan which show that
the gloom and opposition to the peace arrangements
which have b^en such a prominent feature in Tokio
and elsewhere in Japan since the peace compact was
ceipt of later mail advices
It
disturbing views as to the future of
cised
money expressed
that day at the Bankers' Convention
signed, has been
over the
new
now widely
treaty as
displaced
"making not only
by
rejoicing
for the peace
Japan but for the peace of the world." The curwhich were thought to be especially ominous were rent week there have also been rumors, as yet unconwhen the speaker expressed the belief that the situation firmed, of a treaty being made between Great Britain
might "easily result in a temporary disaster" should and Russia
These achievements hold out the promise
a fresh stock speculation start from the present high of a long peace.
level of prices and be carried to a higher one That reiteration of a popular view quite generally held hardly
Gold imports appear to have been suspended, and
seemed to merit the attention it received. The con- at the moment there seems to be little probability of
clusion, it will be noted, is reached only on the suppo- their speedy resumption; the amount engaged and
When the movement began on
sition of a fresh speculation, to higher security values, arrived is $8,205,000.
at a time when call money is ruling from 5 to 6 per September 12 there were indications that it would
cent, when the surplus reserve of our Clearing House continue, though probably intermittently, until a
institutions is only $4,286,175 while the gross reserve comparatively important amount had been imported.
is about 45 million dollars less than a year ago, and
The initial engagement was secured when sight bills
also at a moment when Europe shuts up all its bank were sufficiently low to enable the import to be made
vaults against an outflow of gold to America.
Oper- at a profit as an exchange operation. By the time the
ators who would "start a speculation" on the basis of consignment arrived at New York another was in
such a group of shaky conditions cannot be numerous transit, and this, too, was an exchange transaction
The explanation of the market has been for and so reported by the consignee. After this engageor weak.
nearly two months that it was a waiting market, strong ment rates for exchange rose to points which seemed
buyers being in abundance at every considerable de- to preclude the possibility of profitable imports.
cline.
That would seem to indicate dependence for Nevertheless, through persistent efforts, more gold
benefits upon a long wait, large crops and iron and was procured, chiefly in London, and as the result of
steel activities forming the mainstay.
these purchases, and of a concurrent demand for the
metal by French bankers, the Bank of England was
Peace on earth as a permanent condition seems to be forced to advance its rate of discount, with the object
putting on a more promising aspect; to all appearance of checking the gold movement which, to New York
It is asserted
it is getting nearer to a settled state of existence for a
at least, was claimed to be speculative.
considerable term of years than has been the outlook by bankers who have made close calculations that the
for a long time.
Japan's victory was the opening $5,180,000 gold imported, after the initial consigninterpreting the situation as precarious.
The words
of
.
.
,
THE CHRONICLE.
Oct. 14 1905.]
1139
ments of 83,025,000 were effected, was made possible turns from all the furnace plants in the country with
onlv by a resort to operations attended with so much only two exceptions, and these were very small plants,
More- turning out together only about 3,500 tons of iron a
risk that few felt willing to incur the hazard.
In August, however, it says, some of the
so evident that the forced importa- month.
over, as it became
tion was regarded with great disfavor by English furnaces in Ohio, Western Pennsylvania and Western
bankers, it is surprising that it was not sooner New York reached the conclusion that the publicasuspended. Had it been a trade affair, the movements tion of statistics was not advantageous to them and
The objection
in Europe to check it would not have been so persistent. declined to furnish further figures.
seemed to be mainly to the giving out of information
We have referred above to the figures given out this regarding the stocks of iron, and the "Age" conseweek through the Agricultural Department at Wash- quently is obliged to discontinue altogether its compila-
Some
makers, however, at the
The yield is of unusual dimensions, same time, have also decided to withhold data regardleading cereals.
and this is true not only of the separate crops, but still ing output. This, of course, is unfortunate, and it
more of the collective production of all the crops. is to be hoped that these iron-makers will reconsider
ington on the current year's harvests of the country's
tion of stocks.
of the
Taking corn, wheat, oats, barley and rye together, their determination to keep the public
the aggregate production the present year (as far as
can be estimated at this time before
much
of the grain
has yet been gathered) will be 4,485 million bushels,
this particular.
consequence as
Still, their
it
attitude
is
in the
dark
not of as
in
much
The "Age" says
might seem to be.
that 16 furnaces, the total product of which in August
and 3,827 (the latest month of their full report) was 106,455 tons,
The increase as compared are the only ones whose figures for September are not
million bushels in 1903.
with last year, it will be seen, is over 400 million bush- at hand. Our contemporary feels certain that it can
within
els, and as compared with two years ago is over 650 estimate the production of these furnaces
Allowing for the
tons of the correct figure.
tremendous
crops
will 5,000
million
bushels.
Such
of course have their influence upon affairs for missing returns, it accordingly puts the make of iron
many months to come. They mean continued for September (a month of 30 days) at 1 ,898,873 tons,
country's
prosperity
for
the
vast
agricultural as against 1,843,673 tons for August and 1,741,935
for
and
them
the
whole tons for July, both months of 31 days. The most iminterests
through
tange of industrial interests, for the welfare of portant fact of all, though, is that on October 1 the
our farming classes still exercises an all-pervading capacity of the active furnaces was 445,468 tons per
influence upon general affairs.
Then, too, our rail- week, against 412,563 tons September 1 and only
roads will get a large tonnage from the movement of 408,617 tons July 1. On October 1 1904 the output
these crops, and this in turn will mean that orders for was but 319,249 tons, or at the rate of over 6,000,000
from which one
iron and steel (of which the railroads are such large tons less per year than at present
consumers) will remain plentiful. With the iron in- can judge of the magnitude of the present output and
dustry already in a state of great activity (as shown the sharp contrast with a year ago.
against only 4.0S1 million bushels in 1904
—
below) the situation thus will be that those three great
factors
in
human
activity,
namely the agricultural
the railroads and the iron-makers will be in the
>yment of unusually favorable conditions, and the
effect of this on the state of business generally cannot
but be in the highest degree beneficial. As far as the
cla-^e-;.
en;
railroads are concerned, the advantages
There was no change in official rates of discount by
any of the European banks this week; unofficial or
open market rates were, however, firm and, compared
with last week, y% of 1 per cent higher atLondon, 34 a t
Paris and
The St. Petersat Berlin and Frankfort.
burg Bourse Gazette is authority for the statement
%
from larger
crops in certain sections will be very decided.
Take that negotiations are in progress for the placing in
for instance, the wheat yield in the Central West, or America of some portion of a new Russian loan for
more particularly in Ohio, Indiana and Illinois. In $250,000,000.
these three Statef the aggregate production of wheat the
Last week's statement of the New York Associated
present year will be, roughly 98 million bushels, against Banks showed a decrease of $8,454,700 cash, but. be:
,
51 million bushels last year.
The
difference in the
matter of the tonnage of the railroads will be even
greater than appears from the face of these figures;
for last season the crop was so small that producers
had very little wheat left for shipment out of their
territory.
The present
year's crop, however, will give
cause of the reduction in
the reserve requirements of
85,300,850 through the decrease of $21,203,400 in
deposits, the surplus reserve
to
$4,286,175.
Loans
fell off
decreased
only $3,153,850
$11,889,400
but
they were in excess of the deposits by $479,200.
may
It
be noted that, beginning with December 6 1902
the customary surplus,
and thus the result in numer- and continuing durng 1903 to the end of that year,
be large shipments of wheat against loans exceeded deposits almost weekly, excepting for
scarcely any shipments at all from the 1904 crop.
an interval of eight weeks between the first week in
ous cases
will
March, by amounts ranging from
to 40 millions, the latter being in the weeks ending
January and that
iron
lie
'
buoyancy.
large orders,
—
trade
continues
From every
and
to
develop
increasing
quarter the reports are of
advancing
the surest indication of a large consumption and an
prices quite generally are
active inquiry.
This
Age"
is
Production, too, is again increasing.
evident from the monthly returns of the "Iron
of this city.
These returns are no longer so
complete as they used
tea that for years
it
to
be.
was aide
1
and December 5. On the first-named
on
reserve was $3,911,350 and
December 5 it was 16,305,300. The excess of loans
over deposits then caused some unfavorable comment
November
'late
the
21
surplus
.
indicating it was assumed unusual expansion; it Wi
however, boastfully said that the banks had an ample
Our contemporary margin
to secure official re-
of
alone.
for
expansion
in
the volume of note circulation
The bank atatement
of this
week
will
refle
THE CHRONICLE.
1140
among
other items, the receipt of $3,745,000 gold from
[Vol. lxxxi.
request in consequence of the semi-monthly settlement
London during the week the transfer hither of $600 ,000 in London. There are large amounts of finance bills
from San Francisco and hence of $200,000 to St. Louis. maturing this month, and in some cases provision has
Refunding of the debt into 2 per cent consols appears to been made for their payment through exchange which
be making good progress, the exchanges of refundable was contracted for late in September. Bankers who
neglected to make such provision, expecting lower
bonds thus far amounting to $13,550,050.
exchange as the result of a free export movement of
Money on call and for short fixed date periods con- cotton which expectations have not been realized
tinued firm this week, call loans being influenced by are now more or less urgently seeking cover for their
the low bank reserves and loans on time by a good bills, which will in great part account for the strong
demand because of the belief that there would be no tone for sight exchange. The tension in discounts
relaxation in monetary tension for the remainder of the abroad and the comparatively easy tone for over-theyear; some calling of loans by trust companies early in year money in New York tend to discourage the
the week contributed to the maintenance of firm rates drawing of new or the extension of maturing finance
,
—
Loanable funds on call, repre- bills.
senting bankers' balances, were placed on the Stock
The only engagement of gold reported this week was
Exchange during the week at 6% per cent and at 3^ $2,650,000, which was shipped from London on October
per cent, averaging about 5% percent; banks and 6th and arrived on the 12th. There was an arrival
trust companies loaned at 6 per cent as the minimum. on the 7th of $1,095,000, making a total of $3,745,000
On Monday loans were at 63^ per cent and at 3^ per for the week and $8,205,000 since the movement
On began on September 19th. Payments at the Assay
cent, with the bulk of the buisness at 6 per cent.
Tuesday transactions were at 6 per cent and at 4% per Office for the imported gold which has therein been
On Wednes- deposited since importations began, $7,695,822; part of
cent, with the majority at 5% per cent.
day loans were at 6 per cent and at 534 per cent, with the gold which was deposited this week remains yet to
the bulk of the business at 5% per cent. On Thursday be paid for. So far as is known no gold is in transit and
transactions were at 6 per cent and at 5% per cent, a report early in the week that $1,250,000 had been
with the majority at 5% per cent. On Friday loans bought was not confirmed. Gold received at the
were at 6 per cent and at 5 per cent, with the bulk of Custom House during the week, $3,806,796.
the business at 5% per cent. Time contracts on good
Nominal quotations for sterling exchange are
mixed Stock Exchange collateraljwere~quotedat5@5% 4 823^ @4 83 for sixty day and 4 86 @4 86% for sight.
per cent for sixty days, 5@534 for ninety days, 4%@5 The market was irregular on Saturday of last week,
for four and 4j/£@4% per cent for five to six months. with long 30 points lower, compared with the previous
Commercial paper was 5 per cent for sixty to ninety day, at 4 8185@4 82, and short and cables 5 points
day endorsed bills receivable, 5@534 per cent for higher at 4 8525 @4 8535 for the former and at 4 8575
prime and 5% @6 per cent for good four to six months' @4 8585 for the latter. On Monday long was 10
single names; the offerings were moderate and bor- points lower at 4 8175@4 82, short 5 points higher at
rowers continued to resort to their banks for accommo- the close (after falling to 4 8515) at 4 8530@4 8535
for day-to-day
money.
and cables 5 points higher at 4 8580@4 8590. On
Tuesday there was a recovery of 15 points in long to
The Bank of England rate of discount remains un- 4 8190@4 8210, of 10 points in short to 4 8540@
changed at 4 per cent. The cable reports discounts of 4 8550 and of 10 points in cables to 4 8590@4 8610.
sixty to ninety day bank bills in London 4 per cent. On Wednesday the tone was strong at an advance of
The open market rate at Paris is 2^4@2% per cent and 15 points for long to 4 8215@4 8225, of 20 points in
at Berlin and Frankfort it is 434 @4% per cent.
Ac- short to 4 8560 @4 8575 and of 20 points in cables to
cording to our special cable from London, the Bank 4 8610@4 8620. On Thursday long was unchanged
of England lost £790,240 bullion during the week and and short was 5 points lower at 4 8560 @4 8570, while
held £31,510,704 at the close of the week.
Our corre- cables were 5 points higher at 4 8615@4 8625. The
spondent further advises us that the loss was due to market was firm on Friday, and 10 points higher
imports of £116,000 (of which £5,000 from Ger- for long and for cables and 5 points for short.
many and £111,000 bought in open market) to exThe following shows daily posted rates for sterling
ports of £550,000 (of which £500,000 to Egypt, £32,- exchange by some of the leading drawers:
000 to South America and £18,000 to Portugal),
Fri.,
TtlUTS.,
Fri..
Wed..
Man.
Tues.,
and to shipments of £356,000 net to the interior of
Oct. 12 Oct. 13
Oct. 6
Oct. £
Oct. 10 Oct. 11
82 y
82 H
160 days 4 83
S2H
82H
Great Britain.
BrowD
82H
%
M',1,
dation.
,
:
Brothers
Baring,
The
foreign exchange
market was
generally strong, this week.
irregular,
The firm tone
though
for dis-
counts in London contributed to a decline in long
sterling early in the week, but later there was a recovery.
Short responded, in a sharp fall on Monday, to a
lighter
demand, but
it
promptly
& Co
Magoun & Co
Bank British
rallied in
North America
Bank
of
Montreal
Commerce
Heidelbach, Iekelheimer & Co
Lazard
Freres
Merchants'
of
1
i
^
Canadian Bank
of
ISlght.. 4
J 6C days ,4
Sight.. 4
60 days 4
'Sight.. ,4
<60 days,4
Sight.. |4
f 60 days ,4
.'Sight.. 4
f60 days 4
I Sight.. 4
r60 days 4
Bank
Canada
86H
83
86
83
86H
83W
86H
83
86H
83
S6H
83
\ight..|4 86V£
'60 days 4 83 H
..lSight..:4
S6M
86H
83
86
83
83
83
83
S6
83
86^
86H
86H
86
83
86
83
86
83^
Mil,
82H
86 H
S2H
S6H
H
83
M',U
s:-l
^
83
86 H
S2i,
83
83H
83
§^
83
86H
§§^
83
86
83
Mil,
86H
82
81V,
82
Mil,
82 14
Mil,
82 X
Mil,
83 H
m;>.
S3H
86^
M',1
.
l,
86M
§5^
83
H
82K
83
86 H
83
86
83
86 H
82 H
S6H
82 K
86!^
83
86!
86H
86M
•
83
consequence
an inquiry for remittance for stocks sold for EuroThe market closed on Friday at 4 8225 @4 8235 for
pean account. Then followed a demand for the settle- long, 4 8565 @4 8575 for short and 4 8625 @4 8635 for
ment of maturing finance bills and sterling loans, cables. Commercial on banks 4 8175@4 8185 and
which could not be advantageously extended, under documents for payment 4 8134 ©4 8234. Cotton for
the influence of which demand rates rose to the highest payment 4 81% @4 81%, cotton for acceptance 4 8175
since the last week in September.
Cables were in @4 8185 and grain for payment 4 82% @4 82%.
of
—
Oct.
1141
movement of money does not seem to have been so fully understood, howNew York banks:
ever, that, in at least a tentative way, Berlin and Paris
gives the week's
The following
to
THE CHRONICLE.
14 1906.1
and from the
interior
by the
have been pursuing a very similar policy toward London, and that London, adopting protective measures,
$4,870,004)
13.999.000 C.iin S1.S71.000
Currency
SOd. 000 Hum.
1.121.000
315.000
turned about and proceeded to draw, in precisely the
Gold
$5,991,000
S3.S05.000 Cain 12,180.000
Total sold and legal tenders...
same manner, on the French and German markets.
The showing of the great European banks and of our
With the Sub-Treasury operations the result is as
own has, in the main, been such as to provide full exWeek ending
Rawed
13 1905.
Oct.
by
Hanks.
1'.
.V.
.V.
v e:
Shipped by
Hanks.
1
Interior
Movement.
.
follows:
planation for the
Week ending
Banks.
Banks
Interior
Out of
Hanks.
$5,991,000
24,200,000
movement
$30,191,000
as above
Sub-Treasury operations
Total gold and legal tenders.
Net Change in
movement
of
money
rates.
Our
Hank Holdings.
Xew York
S3 S05.000
25.200.000
Galn$2.1SG.OOO
shifting of obligations to outside institutions, to the
$29,005,000
Into
1905.
13
Oct.
Gain $1,1 S6. 000
surplus reserve has lately fallen, despite the
Loss. 1.000,000
lowest figure reached at this period in a dozen years,
autumn seasons as those
At London the Bank of England's
except for such tight-money
The following
in the piincipal
table indicates the
amount
European banks:
October 13 1904.
0}
Total.
Silver.
Gold.
£
Ootd.
£
£
of 1902
and 1899.
week to 38^ per
cent, the lowest for the period in more than a dozen
years, and entirely too low, if London traditions are
any guide, for a season when heavy demands for gold
ratio of reserve liability
October 12 1905.
Bank
of bullion
Silver.
Total.
England.. 31.510 704
31.510.704 37.051 529
37.051,529
France. .. 116.946 887 44.105.282 161.052,109 104. r.00 104 44.098.521 148.598.625
went
last
.
Germany a
boo
Russia ... 114.932 ooo
Aus.-Hunb
4~t.:>74,
ooo
Spain
14. 9.">ti. J.,0
Italy
24.779 000
N'ethTus
6.598, 300
3.284, 000
.
Nat.Belga
37.75S.O0O
120.1S3.000
57.695.000
37.337.000
2S.002.700
12.551.300
4.926.000
9.439.000
5.251.000
12.121.000
22,381.000
3 223.700
d.953.000
1.642.000
29.211, 000, 10.264.000 39.475,000
97.5S0, 000
7.502.000 105.088.000
4S.1S9, 000 12.139,000 60.328,000
14.S0S, 000 20.128.000 34.936.000
22.041, 000
3,424,300 25.465.300
6.055.300 11.550.200
5,494, 900
1.669.667
3.339, 333i
5.009.000
Tot. week. 3So.S99.S91 104.115,982 491.015.873 3R2.220.S66 105.280.788 467,501,654
Tot. prev.3S7.334, 200102, 752, 632 490.0SG.S9S 362.573,739 106.016.941468, 590, 6S0
I
I
I
a The division (between gold and silver) given
I
•
our table of coin and bullion
n the Bank of Germany and the Bank of Belgium is made from the best estimate
we are able to obtain: in neither case Is It claimed to be accurate, as those banks
mike no distinction in their weekly returns, merely reporting the total gold and
sliver: but we believe the division we make Is a close approximation.
b The Austro-Hungarian Bank Statement Is now issued in Kronen and Heoer
nstead of Gulden and Kreutzer. The reduction of the former currency to sterling
Pounds was by considering the Gulden to have the value of 50 cents. As the Kronen
has really no greater value than 20 cents, our cable correspondent In London, In
order to reduce Kronen to Pounds, has altered the basis of conversion by dividing
the amount of Kronen by 24 instead of 20.
PROSPERITY AND THE
The events
In
MONEY MARKETS.
export to tributary markets are normally anticipated.
The Bank
of
pronounced
Germany's statement
of last
week was
the weak-
one of
est in recent years; it certainly showed very much the
smallest reserve of cash reported at this time of the
year since the German industrial troubles of 1900.
At the Bank of France and the Bank of Russia, the
in the foreign dispatches
on the European
Continent, conditions are somewhat different, but
for reasons presently to be set forth, the tendency
of markets at those points has been similar.
two other
largest depositories of gold
Why has this world-wide stringency in money
devel-
More than this, practically every one of the
world's great markets has been maneuvering to draw
on the capital resources and, if possible, on the gold
oped at exactly this time, when it was common testimony, only a year ago, that all great markets were
crowded with idle money; when the bank surplus at
New York reached a figure rarely exceeded in our
banking history, and when the rapid increase of new
gold production seemed to promise continuance of
that easy situation ? The first and most obvious answer to this question is that activity in trade and industry pretty much throughout the world has developed so rapidly within the last few months as to absorb
in ordinary trade channels an exceptionally great
amount of capital. As to the American situation,
figures of the country's clearing-house exchanges published last week are sufficiently eloquent, showing as
they do a September total 20 per cent above last year,
nearly double the September clearings of 1900, and
$700,000,000 in excess even of the extremely active
business of September 1902.
This remarkable showing has been ascribed to the extraordinary harvest
yields in our country this present season.
But it
should be observed that the phenomenon is not confined to the United States.
Exchanges at the London
Clearing House, for instance, up to the latest date recorded, have thus far in the year run 1734 per cent over
1904, and the testimony of Continental money markets
is similar.
These figures go to show, what indeed has
been known through other channels of information,
that industry throughout the commercial world has
reached an extraordinary and, in some ways, unprecedented pitch of activity.
It is true, as has been frqucntly pointed out in reeenf
months, that the large increase in the world's gold output has provided a basis for very large increase in
banking operations. Offsetting this favorable influence, however, are two potent facts in the situation
stoek of the others.
first,
week and last have made it plain
money market occupies the centre of the
financial situation.
The strain has been dealt with
intelligently.
Had it been less carefully foreseen and
provided against, it might easily have caused real
embarrassment. We think that the community owes
recognition to the Xew York banks for having foreseen
the existing situation and for having forced upon the
financial community an attitude of conservatism.
How conservative and prudent the attitude of the
banking community, as a whole, has been one may
of this
that the
judge from almost all the speeches at this week's
Bankers' Convention, which dealt with the question
Few of the speakers negwhile pointing out the encouraging facts of
of the financial outlook.
lected,
the American situation, to warn their hearers that this
very prosperity, with the demands which it involved
on the resources of capital, made caution in speculative
markets an absolute necessity.
To review for
money markets,
moment
a
it
is
the
movement
of these
instructive to run back to the
opening of September, just before signs of stringency
began
to show themselves.
Since that time discount
on the London market have risen from 2 to 4 per
cent, at Berlin from 2% to 43^ per cent and at Paris
from IK to 2% per cent. Of the simultaneous move-
rates
ment on our own market, involving a rise from a rate
of less than 3 per cent on September 1 to last week's
8 per cent on call, and leaving the ruling rate at 6 per
cent the present week,
'I
it is
he point of importance
been
common
hardly necessary to speak.
is
that this
to practically all
movement
money markets
has
of the
world.
tions in that
direction
With our own market's opera-
Xew
Yorkers are familiar.
It
immense absorption of capital in the
the Eastern War; second, the very much
the
cing of
finanlarger
THE CHRONICLE.
1142
[Vol. lxxii
requirements of capital to sustain the markets both for believed by European financiers to be holding its gold
commodities and securities at their present high level reserve with a view to contingencies in the forthcoming
If this view
Naturally, it is not possible at any moment issue of the large Russian loan at Paris.
of values.
to say
how
ceed or
far the existing supply of capital
fall
short of immediate
employment.
It
is
may
ex-
for
its
possibilities
is
correct,
flotation
not unusual, however, for the ab- supply
sorbing process, while
still
within the bounds of safety,
to be carried so far that occurrence of special
demands,
it
is
is
may
when that
some re-distribution
of the gold
Bank
,
be effected.
cult to predict
of the
reasonable to suppose that
completed
what
will
It
is,
however, always
diffi-
be the policy, at a given time,
of France.
Summed up, the situation reflects in the surest way
such as those of the harvesting season, will bring a
temporary strain. At such times it is always the part a genuine movement of prosperity; but at the same
of prudence for speculative markets to restrain them- time it clearly indicates that in the active strain of
winter trade, available capital will be so fully utilized
When they do not as in 1902, for example
selves.
—
may
be very awkward; there are times, as as to leave no great reserve for speculative purposes.
This is the How soon, or by what means, this situation will be
in 1890, when it has been calamitous.
reason why the continued insistence by our banks on modified, is at present not easy to predict. Until it
conservative action of the markets has been a genuine is thus modified, however, prudence in Stock Exchange commitments is undoubtedly the policy of
service to the community.
With demands from borrowers what they necces- wisdom.
the result
sarily are
under such circumstances,
it is
not surprising
GROWTH OF THE SOUTHERN RAILWAY.
that the great foreign banks, as well as our own,
made
Growth and progress are still the chief feature in the
cash reserves. This very purpose, however, has to a affairs of the Southern Railway Co. Increasing traffic
certain extent been defeated by another familiar and increasing revenue attest the development that
economic movement, which, like the increased bank is taking place, and the facilities of the road have to
should have
strong efforts to keep good their
from active trade. When currency be extended with each succeeding year to provide for
On that point one
last year poured back from the channels of circulation the enlarging volume of business.
into
the vaults of our great depository institutions, thing in the annual report issued the present week is
It was highly significant for it shows how the company's needs
there was no mystery about the movement.
well understood to mean that great sums of cash, ab- are expanding and how provision is being made for the
sorbed in hand-to-hand circulation during the preced- same under the intelligent management which is guiding
ing period of active trade, were relinquished in the hour the affairs of the company and has guided them since the
of trade reaction.
But when, this year, that trade re- Southern Railway Co. was established on the ruins
vived to a height of activity rarely if ever equaled, it of the old Richmond & West Point Terminal system.
followed necessarily that this hand-to-hand money We have reference to the large addition that was
must go back into general circulation which usually made to the total of the equipment obligations. No
means that much of it is withdrawn from bank re- less than $9,209,667 of new equipment obligations
serves.
This movement is no more peculiar to our were created during the twelve months though as
own country in the present season than the general rise $2,013,620 of old equipment obligations were paid off
in money rates has been.
During the first eight in the same interval, the net addition to the total was
months of 1904 England's net import of gold was only $7,196,047. The $9,209,667 of new contracts
liabilities, results
,
—
,
,
£4,700,000; in the same period the Bank of England's covered 11,086 freight-train cars, 62 passenger-train
gold reserve increased £6,800,000. That is to say, cars and 224 locomotives.
Such figures tell the story
more than £2,000,000 must have been returned to the of expansion more eloquently than could be expressed
bank from home circulation. Take the same eight
months of 1905, and we shall find that the net gold
in words.
with which
imports were £8,600,000, whereas the Bank's gold hold- the property is being administered, it should be noted
ings increased only £5,500,000.
In other words, more that the report tells us that provision has been made
than £3,000,000 had been drawn into outside circula- for the rail renewals three years in advance. In other
As
illustrating, too, the wise foresight
words, in order to anticipate as far as practicable the
There can be no doubt that a similar process has rail renewals for the next three years, there were purbeen at work on the Continent; indeed, the report of chased during the year 137,550 tons of rails for use
the Vice-President of the Imperial German Bank to his on the company's lines and those of certain subordinate
tion.
when its rate was raised to 5 per cent last companies. These rails were bought in anticipation
week, called distinct attention to the fact that active of future requirements, so that the company might be
trade was absorbing in outside circulation unusual prepared to strengthen important parts of the system
sums of currency, and that speculation would there- for the use of heavier motive power. It is the policy
fore have to be modest in its requirements.
Two of of the company, as is well known, to charge all rail
the great European banks would seem on their face to renewals to operating expenses, and notes were issued
be exceptions to the rule of declining gold reserves. in partial payment for the rails delivered, payable in
The Bank of France holds $60,000,000 more in gold regular equal instalments during a _ period Tof^three
than it held a year ago; the Imperial Bank of Russia years.
$90,000,000 more. The fact of this increase has led
The development of the company's business,
general rather
to some confusion over the probable outcome of the it is important
also to note, is
all
existing bid for reserves as between the other markets. than [special,' extending
in
directions
and
The Russian Bank is apparently laboring to recon- being confined to no one branch of the service.
struct its reserve to the height which it occupi d some The further growth in the late year furnishes striking
years ago.
The French Bank, in the meant me, is testimony to'the truth of this statement. Condition
directors,
•
;
THE CHRONICLE.
OCT. 14 1905.|
were not altogether favorable during the twelve
months, or at least they were not favorable during the
whole of the twelve months. The large tonnage derived from the unprecedented yield oi cotton in 1904
1143
miles.
The addition to length of road,
has been barely 64 per cent, whereas the exhowever,
pansion in gross receipts has been over 168 percent.
to
7,199
As indicating the growing efficiency
operating
to the heavier average
in
an advantage that extended through the results, reference maybe made
entire year.
But on the other hand the country's load which the trains are moving. Of course in the
industries were in a stateof inactivity or depression for c:ise of a system like the Southern Railway, having
mileage and embracing many
a widely extended
at least the greater part of the first six months of the
As has been pointed out by us in reviewing branch and subsidiary lines yielding only a light
fiscal year.
the results on other roads in the same part of the traffic, a large train-load such as that attained on the
country, the revival in the iron and steel trades did not leading trunk lines is out of the question.
It is only,
till about November or December
become pronounced
therefore, through comparative figures that one is
1904. and it was not till some months subsequently able to see what is being done in that direction.
Hence
that the influence of this revival appeared in the traffic it is interesting to note that whereas in 1895-96 the
average train-load of revenue freight was only 144
of the roads.
The classified statement of tonnage given in the tons, and the average of all freight, including comrerport serves to emphasize this point, for it shows pnay material, .162 tons, for 1904-05 the average of
that of pig iron the tonnage in 1904-05 was only revenue freight was 194 tons and the average of all
536,116 tons against 692.055 tons in 1903-04, of rails freight 229 tons. In 1895-96 the trains earned $1 40
5S.910 tons against 70,741 tons, and of ore 567,132 per mile run, in 1904-05 they earned $1 84 per mile
was
of course
4
tons against 646,221
tons.
Some
increase occurred
run, notwithstanding that in the late year the rate
and steel tonnage, but that received per ton per mile was smaller than in the
counted as only a partial offset to the heavy losses in earlier year.
Considering income with relation to charges, the
the items named.
Yet aggregate freight tonnage of
all kinds proved larger nevertheless, being 20,973,564 showing, it is needless to say, is highly satisfactory.
in other articles of iron
tons
against
20,733,049
tons.
The explanation
is
After providing for
all
charges and expenses, a surplus
development which is taking place, remained on the operations of the twelve months in
as already stated.
The agricultural tonnage increased the sum of $5,151,632. The 5 per cent dividends
only 48,324 tons, notwithstanding the large gain in the being paid on the preferred stock took only $3,000,000
movement of cotton and its products. On the other of this amount, leaving a balance of $2,151,632. The
hand, there was an increase in what are termed mis- management have pursued the customary policy of
cellaneous articles (that is, numerous small articles applying a considerable portion of this in special
that do not fall under any of the general heads) of appropriations for improvements and betterments;
161.208 tons. It should be observed, too. that the $1,056,549 was so applied in the late year.
We have stated above that $9,209,667 of new
passenger traffic is all the time being enlarged.
In the
late year out of $3,035,331 total increase in gross equipment obligations had been created during the
earnings, SI. 143,889 was supplied directly by the year and that the net addition to these equipment
passenger department and $159,949 more came from obligations had been $7,196,047. It remains to be
mail and express, and the passenger earnings reached an said that the total cost of new equipment purchased
aggregate of §12,471,572, comparing with $11,327,683 during the year was $10,538,284, of which, however,
in the preceding year and $10 ,814,227 in 1902-03.
$1,328,617 was paid in cash, the remainder of the sum
The experience of the Southern has been like that being provided through the issue of the new equipment
of the large systems in other parts of the country, obligations already referred to.
Apart from the
in that operating expenses each year consume a equipment trusts, the net increase in funded debt
large part of the gain in gross earnings
and this, during the year was only $2,628,500. The company
too, notwithstanding growing efficiency in operations on June 30 1905 held $5,828,000 of its own bonds in
and the constant introduction of new economies. its treasurv.
The augmentation in expenses follows in great measTHE ERIE REPORT.
ure as a result of higher wages and the enhanced cost
of materials and supplies, but it also evidences a
Increased interest is given this time to the annual
disposition to keep the property in a high state of report of the Erie Railroad Co. by the circumstance
repairs and to raise the physical standards.
Of the that the company has just arranged to take over the
late year's increase of $3,035,331 in gross earnings, Cincinnati Hamilton & Dayton property which the
i7,047 went to meet increased expenditures and in- firm of J. P. Morgan & Co. purchased a few weeks ago.
$]
creased taxes, leaving $1,068,283 improvement in net. The Erie Company has within the last few years acThi< is better however than the result for the preceding quired control of, or an interest in, quite a number of
ar, when with $2,755,717 addition to gross earnings, outside properties.
The acquisition of the New York
$2,126,327 of the amount was consumed by aug- Susquehanna & Western Railroad dates back to 1898.
mented expenses, leaving only $629,390 gain in net.
In 1901 the stock of the Pennsylvania Coal Co. was
Still, the company's operations have been enlarged
purchased, and the same year the company acquired
to such an extent that it now earns almost as much an interest in the stock of the Lehigh Valley Railroad,
net as it did gross only about a decade ago.
To par- though the precise extent of this interest has never
ticularize, while in 1894-95 the earnings of the system transpired.
These various purchases, too, have all
were $17,959,119 gross and $5,168,596 net, in the been successfully financed and. moreover, have yielded
late year gross earnings were no less than $48,145,108 profitable results.
Altogether, therefore, the Erie
and net earnings $13,062,593. In the decade aver- Company has risen to a position of decided importance
age length of road operated ha< risen from 4,392 miles in the railroad and financial world.
found
in the general
•
—
,,(
1 1
THE CHRONICLE.
44
[Vol. lxxxi.
has attained because of the large tions and improvements of large amounts. What was
expenditures which have been made upon the property true of 1903-04 is also true of the results for 1904-05.
since its reorganization ten years ago, enabling it to As already stated, very little of the loss in the net inThis position
it
carry on the business of transportation with
and
efficiency.
It
may
economy come sustained
the previous year was recovered in
known how 1904-05, conditions not being favorable
From Decem- In brief, aggregate net income for 1905 is
not be generally
large these expenditures have been.
to that end.
$13,631,218,
the company, against $13,408,637
for 1904 and $17,334,885 for 1903.
1 1895, the date of the organization of
June 30 1905, it appears that $6, 161, 735 has been And yet out of the income of 1905 the company was
to
expended in improvements and additions to the prop- able to appropriate $2,555,696 for dividends (repreerty.
This represents simply the amount charged to senting 4 per cent on both the first preferred shares and
capital account, and is independent of the large appro- the second preferred shares) and to set aside $1 ,360,555
priations made out of earnings from year to year for to be applied in making additions and improvements
the betterment of the property. During the same to the property, and even then there remained a surperiod of not quite ten years $24,131 ,476 was expended plus balance on the operations of the twelve months
for new equipment and charged to capital account, one in the sum of $490,344.
The funded debt of the company was increased
item in these expenditures being the purchase of about
23,000 freight cars and 510 locomotives. Thus the $7,865,000 during 1904-05— $1,365,000 of this repreoutlays for equipment and new construction charged senting the issue of general lien bonds (these, however,
being still held in the company's treasury) and $6, 500,to capital account have been over 30 million dollars.
The return has been proportioned to the magnitude 000 representing the issue and sale of convertible 50of the outlay
As against gross earnings of $28 ,185 ,876 year gold bonds. There was also a net increase of
for the year ending June 30 1895, the total of the gross $942,223 in the equipment trusts outstanding.
The
earnings in the year just past was $45,724,737. Net outlays for additions and improvements to the propearnings in 1903-04, it will be recalled, fell off over 3J4 erty and equipment for the twelve months aggregated
million dollars as compared with 1902-03, and in $5,526,131, of which $3,978,851 was charged to capital
1904-05 there was a further small loss. Nevertheless, account and $1,547,280 was defrayed from income.
even after these losses the total of the net now is The company's current finances at the end of the fiscal
year were in excellent shape. There was on June 30
$12,582,529, as against only $7,073,229 ten years ago.
In another way the policy pursued has borne ex- 1905 $7,675,803 of cash in the hands of the Treasurer
cellent fruit
in enabling the company to attain high and $1,018,022 more cash in transit from agents and
operating efficiency. Indeed, except for this, any conductors. Including this cash, the total of current
considerable development of traffic and revenues assets at that date was $1.1,146,404, not counting
would have been out of the question. Not only would materials and supplies on hand or securities held,
it have been impossible to net a profit under a con- while the aggregate of current liabilities was only
tinuance of the old conditions, but the Erie Company $0,000,^00.
would have been unable to compete with its strong
and active rivals, either in the anthracite coal fields or RAILROAD GROSS EARNINGS FOR SEPTEMBER
ber
.
—
In 1895-96 the system's trainThe absence of the passenger traffic to the World's
load still stood at a comparatively low figure (we mean Fair at St. Louis which the roads running to St. Louis
for a road situated as the Erie is, having a traffic which had a year ago, and the presence this year of yellow
in density and character admits of good results), the fever at New Orleans and at some other points in the
average of revenue freight being only 251 tons. In Gulf States, are making the returns of railroad gross
the year just past the average load of revenue freight earnings somewhat irregular just now and are also
in trunk-line territory.
was 412
reducing the aggregate
now
for the roads as a whole.
tons.
Including company freight, the average
440 tons. Mainly as a result of this heavier
load, though in part also as the result of better rates
realized, the trains in 1905 earned $2 57 per mile run,
as against only $1 47 per mile run in 1896.
It will be recalled that the voting trust in the company's shares which had existed from the time of the
is
amount
We
of increase in revenues
furnish to-day our pre-
liminary compilations of the gross earnings for the
September and they show an increase of
Of course, the
$3,503,924, or 6.03 per cent.
favoring influences existing in previous months were
still operative, namely the activity and prosperity
reorganization was dissolved on May 1 of last year. of all industrial interests, to which must be added the
Dividends on the first preferred stock of the company stimulus afforded in the farming sections and elsewhere
have been paid for many years, and recently also divi- by the assurance of good crops, with the consequent
dends have been begun on the second preferred stock, free marketing of left-over supplies from the old crops.
the full 4 per cent to which the stock is entitled having
That, for the reasons mentioned, the situation difbeen declared out of the late year's earnings.
fered widely with different systems is well illustrated
The strength of the company's income showing was by the fact that while on the one hand the Great
never so strikingly revealed as in the results for 1903-04. Northern Ry. records an increase for the month in
As was pointed out by us in reviewing the report for the large sum of $1,057,856, the Northern Pacific an
that year, the loss in net income then was (as compared increase of $1,141,063,
the New York Central
with the preceding year) almost four million dollars, an increase of $855,757 and the Canadian Pacific an
aggregate net income for 1904 (including income from increase of $645,000, the Wabash on the other hand
investments) having been only $13,408,637, against reports $446,850 loss in gross for the month, the Mis$17,334,885 for 1903. But even after great shrinkage, souri Pacific $436,004 loss and the Illinois Central
a considerable surplus remained above the requirement $433,411 loss. The gains in the first-mentioned infor fixed charges and the 4 per cent dividend on the stances reflect the favorable business conditions being
first preferred stock, and also over outlays for addi- experienced, the losses in the case of the other com-
month
of
1
u
Oct.
THE CHRONICLE.
1905.
panics indicate the part being played by the
1145
embargo and the oats movement
only a few cases ran larger.
in
imposed over limited sections of the Taking wheat, corn, oats, barley and rye together, the
country, and the cutting off of the World's Fair pas- receipts for the four weeks this year were 76,372,765
Desenger traffic which a year ago was a factor of large bushels as against 78,119,475 bushels last year.
in the affairs of the very roads that are tails of the grain movement in our usual form are set
importance
3'ellow fever has
now
obliged to report diminished totals of earnings.
out in the following.
should be understood that, treating the roads
collectively, the increase of $3,503,924 in earnings
WESTERN FLOUR AND GRAIN RECEIPTS.
It
month now
disclosed
an inSeptember 1904 not a decrease, as was the
case in some of the earlier months. This increase
last year was $2,465,088, or 4.16 per cent, the roads
for the
succeeds also
—
crease in
comprised
our statement at that time being sub-
in
—
same as those now reporting embracing
each year only the companies which furnish early
in
preliminary returns.
Prior to 1904 we had a succes-
stantially the
sion of very large gains, as the following
will
show.
Year
Year
Year
Increase
or
Given.
12S
123
.
1898 ...
.
1899... .
1900... .
1901 ... .
1903 ... .
1903 ... ..
Flour,
Wheat.
Corn,
Oats,
Barley,
Rye.
Sept. 30.
Chit ago
(bbls.)
(bush.)
(bush.)
(bush.)
(bush.)
(bush.)
698.959
589.043
1.861.914
3.697.200
10,724,821
13,336,350
10,060.054
0,748,535
2,880.998
3.624,183
355,155
210,037
294,160
240,450
1,283,040
982,800
IKS, 100
104,500
955,300
868.80Q
2,474,751
3,313,550
99,280
136,000
240.010
229,715
2,138,647
3,002,210
1,151,060
986,355
1,533,000
1.271,995
58.597
227.000
29,108
41,997
650,000
543,000
540.000
764,000
1,050.400
1,331,500
1,900
124,900
23,100
30,400
32,500
222,794
398.632
355,000
568,516
585,188
856,740
5.093
58,087
106,147
76.871
448,080
473,996
776,107
1,032.827
5,425
110.450
58,350
36,000
86,400
968,200
971,000
976.500
802,900
142,500
279.700
26,400
20,000
456,800
5.521,028
4.021,289
88,878
1,193,370
1,809,138
2.507,675
2.123,219
150,628
208,565
10,706,382
8,541,100
128.616
169,310
3,873,660
5,349,820
2,625,262
2,262,800
248.540
277,170
5,008,000
5,427,400
1,053,000
764,200
453.600
382,800
1,836,472
1.622,145
27.533,952
26,776,972
15,645,815
18,138,227
21,457.779 10,701,208 1.034,011
20,455,055 11,832,352
916,869
5.455.989
17,704,130
15,651.900
87,232,366
71,474,643
60.938,553 15,754,365 1,280,667
56,414,112 15,136,813 1,713,945
4,634,840
4,847,930
2,315,200
1,876,300
5,318,100
5,594,300
8.342,851
9,916,060
518.980
887,200
15,218,236
17,467,194
11,545,445
14,276,105
13,278,540
13,081,090
1,131,412
1,995,000
319.853
454,175
3,500.000
3.587,840
5,725,850
5,755,747
9,410.200
6,269,100
7.950
12,570
308.900
85,100
933,788
1,508,153
4,136,719
3,019.577
2,550.624
4,122,367
834,900
554,768
6,465.435
5,807,416
6,723,092
6,634,806
71.748
98.506
10,677
780.400
698,400
9,314,800
12,713,000
7.824,500
8.326.100
1,290,200
1,706,900
187,700
187,600
9.261.363
11,323,386
222.962
29.281
4.731,648
5,900,941
3,909,627
3.152,364
225.033
490.659
51,750,123
47,222,271
3,137.211
2,686.076
13,823.110
18,583,b60
27,150,700
30.728,270
11,655.700
10.133,400
3.691.600
3.172,700
—
1905
1904
Milicaukee
1905
1904
St. I.ouis
—
—
1905
1904
Toledo
1905
1904
—
Detroit—
1905
1904
Ill
101
96
72
73
66
55
ept. 30
— 414,000
Kansas City —
1904
Minneapolis
1905
1904
(
+
Decrease
)
(
—
1905
1904
).
I
S9.696
94,422
90,818
94,503
92,902
99,204
S9.6S0, 8S.0S3
90.183 SS.703
83.592 81,623
S0.S59 79,023
1
Preceding.
Miles.
90,456
95,865
91,517
95.700
96,105
101,165
117
Year
In-
Given. Pree'ng cre'se
Roadi Miles.
.
Ending
Cleveland —
1905
1904
Peoria —
summary
1905
1904
Duluth —
Gross Earnings.
Mileage.
1S96...
1S97...
Weeks
1905
September.
Year.
l-our
41,561.327
49.720,753
47,105,094
58.6S2.534
5S,270,5S8
66,491,460
61.654,626
1.67 68,192,919
2.41 61.5S9.566
2.32, 61.549,676
0.S5
1.52
0.77
1.26
3.51
1.9S
1.S2
—495, 355
42.056.682,
1905
1904
1.18
+ 6,387, 555 14.74
44,379,196: + 2.725, 898 6.14
53,004,336 + 5.678, 198 10.71
57.173,545! + 1.097, 043 1.92
59.962,628 + 6,528, 832 10.88
56,278.213 + 5.376, 413, 9.55
63,748,368, + 4,444, 551 6.97
59.124.478 + 2.465, 088, 4.16
58.045,752, + 3,503 924 6.03
326, 903,450 312 929.980 + 13.973 4701 4.46
356, 545.809 343 560.268 + 12.985 541i 3.78
356 283,597 319 888,352 + 36.395 245 11.37
435 131.215 399 525.997' + 35.605 218 8.91
470 582.605 423 590,726 + 46,991 879' 11.09
525 841,522 475 815,865' + 50.025 657110.51
489 256.535 451 747,198 + 37.509 ,337! 8.33
561 854,388 500 ,075,914 + 61,778 .474 12.33
481 650,242 483 ,274,172 —1.623 9301 0.33
484 697.911 452 258,707 + 32.339 |204 7.15
43,333,198
Jan.
1
to
Sept. 30.
Chicago
1905
1904
—
— 6.652,078
1904
1905
1,522,450
1905...
1904
1,293,955
Jan.l
S
Louis —
Ill
1WMS
88.223 S7.464 0.86
1905
1,793.785
1897
124
95.250 93.S07 1.54
1904
1.672,520
122
1898
91.475 90.776 0.77
Toledo —
10S
1S99...
95.1S1 94,026 1.23
1905
1900..
101
96,165 92.902 3.51
1904
1901
93 100,492 98,531 1.99
Detroit —
1902...
72
89.6S0 8S.083 1.82
1905
192,550
1903
73
90.183 88.703 1.67
1904
235,460
1904...
66
83,592 81.623 2.41
Cleveland —
1905...
55
80,859 79.023 2.32
1905
32,262
1904
445,828
Peoria —
Xote. — Neither the earnings of the Mexican roads nor the mining operations ol
1905
582.700
the anthracite coal roads are Included
this table.
1904
587,455
Duluth —
1905
2,233,300
Some favoring influences which prevailed in pre1904
1,521,400
Minneapolis —
1905
vious months did not exist in September, or at least
1904
—
not to the same extent. Thus the cotton movement Kansas City
1905
1904
in the South in September 1905 did not equal the
—
Total
... ..
..
to
... ..
... .
... ..
..
..
... ..
..
... ..
..
..
Milwaukee
1
St.
I
In
7,870,140
840,833
6.262,080 1.131,831
o/ all
movement reached
1905
11.813,036 131,768,480 141,751,688 128,289,967 38,378,293 3,681.966
September
1904
12.408.696 133,590.712 127,771,545 128.099,176 38,280,293 4,960,187
1904. It is true that the shipments overland were a little
In one particular Western roads had a very decided
larger, amounting to 26,452 bales against only 19,820
advantage, namely in the live-stock movement. Of
bales, but the receipts at the Southern outports footed
cattle the receipts were 958,739 head against 897,482
up only 981,124 bales against 1,069,596 bales. The
head, of hogs 966,683 head against 867,648, and of
falling off occurred almost entirely at the Gulf ports,
sheep 1,220,683 head against 1,122,229. These figas will appear from examination of the detailed comures embrace in all cases the combined movement at
parative statement which we now present.
the leading live-stock centres Kansas City, Chicago,
RECEIPTS OF COTTON AT SOUTHERN PORTS IN SEPTEMBER. AND
Omaha, St. Louis and St. Joseph.
FROM JANUARY TO SEPTEMBER 30 1905. 1904 AND 1903.
With reference to the separate roads w e have al59 September.
Since January 1.
Ports.
ready indicated that some considerable losses appear
1905.
1904
1903.
1905.
1903.
1904.
in the case of systems affected by the yellow fever or
Galveston
bales.
349,899
424,920
767,155
184.836
496,096 1,038,747
extraordinarily large
in
—
1
T
1
Port Arthur, &c
New Orleans
Mobile
Pensacola,
Savannah
Brunswick
2,682
57.115
33,738
4c
1,121
125.414
31 688
6,018
295,3^7
12,512
15.070
54,930
Wilmington.
Washington.
68,633
11.923
50.747
3,650
145,499
5.020
30,524
54,864
55,036
43
304,450
Charleston
Port Royal. 4c
Norfolk
4c.
rota
81.501
593
00,014
457
42,708
363
1
183,419
271.203
156,938
106,846
OOi.xOO
80,742
111.234
277
96,692
28
2
1
A:c
Newport News,
1,083
85,085
19.537
911,124 1.069,596
1
4i,264
835,248;
71.827
43,737
553,749
45,761
69,701
35
I
83,036
102.0116
by the
loss of the travel to the World's Fair.
The
however, are almost entirely confined to this
class of roads, and the great bulk of the systems reporting record gains
some of them, too, very heavy gains.
Of course these gains in some instances follow losses
97:i, l'.O
91,954
67.771
511.697
51.597
64.151
143
113,284
43
209,039
23,717
16.524
—
111
469" 032
losses,
209,709
15,926
but the present improvement far exceeds
1904.
The Northern Pacific, the
Northern and the New York Central will
last year,
573,4215,005,092 3,016,630 2,969,373
the decrease in
Xor was the grain movement quite equal to that of a
In this we are speaking of the grain receipts
ago.
as a whole.
In particular cereals and at particular
points there was a large expansion in the movement.
For instance, at Minneapolis the deliveries of wheat
for the four weeks ending September 30 were 10,706,-
Great
382 bushels
Central
1904,
and
in
at
suffice
for
had no decrease at
year
368,893;
Great
now
1905 against only 8,541,100 bushel- in
Duluth they were 5,521,028 bushels
ent
now
has
it
all,
Northern Pacific last
but an increase of
SI ,141 ,063
increose
the
;
Northern last year fell $301,350 behind;
The New York
it has a gain of $1,057,856.
last
increase
year had
is
$194,389 increase;
$855,757.
against 4,021,289 bushels.
But at Chicago there was show all changes
quite a falling off in the wheat receipts, while the corn amounts in excess
movement quite generally was smaller than a year ago, decreases.
I
The
illustration.
for
of
the
In
the
its
pres-
following
separate
$30,000— whether
roads
we
for
increases or
THE CHRONICLE.
1146
I
PRINCIPAL CHANGES IN QROSS EARNINGS IN 8EPTEMBER.
To complete our
we annex the following
review,
six-year comparisons of the earnings of the principal
roads, arranged in groups.
EARNINGS OF MIDDLE AND MIDDLE WESTERN GROUP.
September.
Buff R & P..
Chic Ind & L.
551,306
Gr Tr ot Can]
GrTrWes 13.408,822
D G H&
3.907,295
'
8,106.297
119,125
Tol P & West
348.712
Tol St L &
Wabash
2,162.811
& Lake E 484,238
.
NYC &HR.O
W
Wh
The
4,340,706
7.250,540
121.536
336.472
2.609,661
407.401
$
643,552
444,812
2,368.039
396,620
119,716
3,734,456
6,701,579
105,872
240,601
1900.
$
494,648
358.233
504,318
o98,661
2,127,147
,037.159
413^66
337,255
93.925
88.084
3.425.279
6,686,671
96,466
225.675
1.661,285
309,892
1,840,911
351,221
o/
Road.
Increase
1905.
Mo Pac
,112.621
,874,849
107,688
173.876
,615,571
255.884
3.470.133 3.914,925
171,548
162,760
707,623
709.352
833,761
861,825
26,240
26,918
8.106,297 7,250,540
5,837,842 4,696,779
43,786
41,855
712,520
765,867
116,881
119,917
4,422,327 4,289.641
72,439
79.312
884,181 1,030,170
119.125
121,536
348,712
336,472
61,472
53,937
84,675
49,669
2,162,811 2,609.661
484,238
407,401
427,058
643,587
NevCal & Ore
NY
Cent & Hud River
Northern Pacific
Rio Grande Southern..
St Louis Southwestern.
Southern Indiana
Southern Railway
Texas Central
Texas & Pacific
Toledo Peoria & West.
Toledo St Louis & West
Toronto Ham. & Buff.
Virginia & Southwest..
Wabash
& Lake Erie.
Yazoo & Miss Val
Wheeling
1900.
225.618
196,820
173,369
199,242
99.682
116,692
782,683
580,477
177,118
87,327
99,779
820,253
500,338
2.888.120
605,252
746,984
3.620,342
568.167
154.978
77.654
71,383
589,843
460,800
2,446.418
474.001
625.474
3,092.328
464,710
156,006
67,762
68,849
648,695
391,227
2,215.729
475,922
630,235
3,000,478
432.569
8,654,409
8,260,841
203,050
86,433
62,878
1,016,678
a693,907
3,467,730
707,623
833,761
4.422,327
427,058
& Vicks
VicksSh&P
Cent of Ga._.
CN O&TP.
Lou A Nash..
Mobile
1901.
1902.
259,553
& T P-
NO&NE.
N
$
260.9S9
12,199.980 12,095,546 11,083,078 10,o39,298
Ala Gt
Ala N O
Ala
1903.
1904.
<Sr
Ohio
Ch & St L.
Southern Ry.
Yazoo & M V
Total
201.883
113,947
118,176
925.168
639,538
3,331,440
709,352
S61.825
4,289.641
643.587
1,125,344
639,728
831,876
,865,691
582,110
a Figures for fourth week of 1905 not yet reported; taken same as
last year.
EARNINGS FOR NORTHWESTERN AND NORTH PACIFIC GROUP.
September.
$
Canadian Pac 4,816,000
Chi Gr West. o785,560
DulSS&Atl.
266.458
GtNorSystem 4,955.650
Iowa Central.
245,792
Minn & St L.
352,949
M SP&SSM
Nor
1902.
1904.
1903.
S
4,171,000
a6S3.744
231.406
3.897.794
228,762
274,o77
752,905
4,696,779
$
$
3.937.002
749.399
239,412
4,199.144
210.079
269.853
736,603
4,611,213
3,651,482
676,944
241,617
4,112,722
207,028
351,232
723,294
4,632,580
1905.
942.834
Pacific ..S5.837.842
1901.
$
3.264,024
664,620
241.441
3,596,962
206,351
305.313
566,751
3,852.037
1900.
$
2,b63,492
629,429
222,084
2.876.850
204,553
274.449
382.984
3.131,505
GROSS EARNINGS FROM JANUARY
Name
of
Road.
1905.
$
Ala Gt Southern
Ala New Orl & Tex
a Results are based on 111 miles
less
road.
EARNINGS OF SOUTHWESTERN GROUP.
1904.
1903.
$
538.695
1,500.300
645,146
1,919,122
4.077,685
765,867
1,030,170
$
559,727
1,648.487
564,346
1.618,580
3.971,048
649,139
944.344
506,472
1,545.704
536.679
1,663,460
3.223.007
649.025
956,122
$
446.487
1,615,690
435,516
1,463,101
3.197,433
b09,196
919,360
391,463
1.500.224
385,215
1,325.661
2.936.720
551.418
844,806
10,057.215 10,476,985
9.955.671
9.080,469
8,686,783
7.935.507
1905.
$
660.583
710,400
601.900
,845.950
September.
Col
Sou...
&
Den & Rio G.
& Gr Nor.
Mo Kan & T'x
P& CentBr
M
St Louis So W
Texas & Pac.
Int
Total
,641,681
712,520
884.181
•GROSS EARNINGS
.......
Name
of
.
Gross Earnings.
.
Road.
1905.
J*
Ala Great Southern
Ala New Orl & Tex Pac
& Nor East.
Alabama & Vicksb'rg
Vicksb'rg Sh & Pac.
Buff Roch & Pittsb
New
Orl
California Northwest..
Canadian Northern
Canadian Pacific
Central of Georgia
Chattan Southern
Chicago Great Western
Chicago Ind & Louisv
Chicago Terminal Trans
Cinn New Orl & TexPac
Colorado & Southern.
Denver & Rio Grande.
Duluth So Sh & Atl...
Georgia South <fe Fla.
Grand Trunk of Can..]
Grand Trunk West.
Det Gr Hav & Mil. _
1904.
Vicksburg Sh
$
includ'g East of Minn
Montana Central
Gulf & Ship Island
Illinois Central
1
.
Southern
Internat & Gt Northern
Illinois
Iowa Central
& Nashville
Macon & Birmingham.
Louisv
Manistique
Mineral Range
Minn <%: St Louis
Minn St P & S S M...
Mo Kan &
Texas
Increase or
Decrease.
1905.
$
+ 17,546
2/164,970
203,050
86,433
62,878
807,069
181,619
378,500
4,816,000
1,016,678
10,852
785,560
551,306
144,818
201,883
113,947
118,176
738,634
169,069
292,700
4,171,000
925,168
9,805
683,744
505.172
132,888
2/450,216
2/395,847
660,583
1,710,400
266,458
146,300
538,695
1,500,300
231,406
149,894
+ 121,888
+ 210,100
+ 35,052
3,408,822
3,182,972
4,733,247 3,701,674
222,403
196,120
140,179
157,322
3,907,295 4,340,706
24,012
31,805
601,900
645,146
245,792
228,762
3,467,730 3,331,440
14,848
11,931
12,300
7,894
66,717
55,947
352,949
274,377
942,834
752,905
1,845,950 1,919,122
+ 1,167
—27,514
—55,298
+ 68,435
+ 12,550
+ 85,800
+ 645,000
+ 91,510
+ 1,047
+ 101,816
+ 46,134
+ 11,930
+ 54.369
& Pitts
California Northwestern
309
196
143
189
553
195
143
189
553
205
205
1,876
8,568
1,878
105
8,183
1,878
105
818
818
591
102
591
102
336
336
1,118
2,470
1,120
2,460
—3,594
578
395
578
395
+ 225,850
4,085
4.085
+ 1,031,573
+ 26,283
5,701
5,701
250
280
250
261
4,374
137
1,159
137
1,159
558
3,890
97
+ 7,793
—43,246
+ 17,030
+ 136,290
+ 2,917
+ 4,406
+ 10,770
+ 78,572
+ 189,929
—73,172
558
4,101
97
64
140
798
1,876
3,042
1
Duluth So Sh
642
1,629
3,042
+ 1,141,063
+ 1.931
—53,347
—3,036
+ 132,686
—6,873
—145,989
—2,411
388
926
388
926
1.226
144
3,515
5,694
180
1,308
172
7,195
1.212
144
3.490
5,610
180
1,308
172
7,197
227
227
1,827
1,767
248
+ 12,240
+ 7,535
+ 35,006
—446,850
+ 76,837
88
134
2,516
469
248
451
88
134
2,486
469
—216,529
1,210
1,175
451
—6,100
+ 300
—498
736
883
321
263
879
321
236
111,066
1,813
1,599
+ 7,751
+
1,956,148
915,997j
905,753
6,332,3471
J.
month
TO SEPTEMBER
1904.
Increase.
$
2/2,211,473
736
both
in
30.
Decrease.
8
184,562:
212,921
1,743,227
955,825;
39,828
119,253
1,025,006:
5,610,245
1,142,678!
2,296,100!
4,855,982j
3,942,020
12,955,479: 11,705,272
2,166,610
1,842,618
1,277,752
1,252,012
& Atl
& Fla
722,102!
65,9901
608,500
2,965,051
502,705:
7,277
166,899
359,965
!
51 ,599
449,689
913,962
1,250,207
323,992
25,740
Grand Trunk of Canada]
Grand Trunk Western
26,153,235 24,814,345 1,338,890
Det Gr Hav & Milwj
Gt Northern— St P M &M
including East of Minn 30,573,706 26,337,964 4,235,742
Montana Central
1,837,838
1,799,249
38,589
&
Ship Island
Central
Southern
Internat & Gt Nor
Iowa Central
Louisv & Nashville
Illinois
Illinois
.
Macon &Birm
Manistique
Mineral Range
Minn & St Louis
MinnStP &SSM
Mo Kansas & Tex
Mo Pac & Ir Mt
Central Branch
Mobile
&
Ohio
&StL
Cal
Northern Pacific
Rio Grande Southern
St Louis Southwestern.
Southern Indiana
Southern Ry
Texas Central
Texas & Pacific
Toledo Peoria & West...
Toledo St Louis & West.
Toronto Ham. & Buff..
Virginia & Southwest
Wabash
Wheeling
& Lake Erie
Yazoo & Miss Val
,399
64
140
—678
+ 855,767
2/5,367,9181 2/4,918,229|
& Ore
N Y Cent & Hud Riv
1904
+ 8,788
—1,729
—28,064
2,904,600
37,571,767: 34,606,716
7,373,450
6,870,745
85,268:
92,545
5,733 ,428
5,566,529
4,278,814:
3,918,849
1,179,311
1,127,712
Central of Georgia
Chattan Southern
Chic Great Western
Chic Indplis & Louisv.
Chic Terminal Trans
an New Orl & Tex Pac.
Colorado & Southern
Denver & Rio Grande
Georgia South
2/2,396,035
1,208,668!
Canadian Northern
Canadian Pacific
Nev
309
—17,143
—433,411 4,374
& Pac. .
Buff Roch
Nashv Chatt
Mileage.
2/182,516
GtNorthern—StPM&M
£.
1900.
S
AND MILEAGE IN SEPTEMBER.
•L-l.-i.-u-k-..p.1
1901.
1902.
S
i
Pac—
New Orl & Nor East..]
Alabama & Vicksburg.
Gulf
18.203,085 14,936,770 14.952,705 14.596,899 12,697,499 10.385,346
Total
—444.792 5,849 5,763
are for three weeks only of the
2/ Figures here given
years; fourth week not yet reported.
a Figures are for four weeks ending September 23.
EARNINGS OF SOUTHERN GROUP.
1905.
$
Sou... a 278,535
1905. 1904.
61,549,676 58,045,752 +3,503,924 80,859 79,023
Mexican Roads (not included i n totals)
Interoceanic of Mexico.
466,919
473,019
Mexican International.
483,532
475,781
Mexican Railway
a438,000 a437,700:
Mexican Southern
2/60,812,
y 60,314
National RR of Mexico 1,007,790
896,724]
Brook System, the Beech Creek RR. the Wallkill Valley RR. and the
Albany included for all the years.
September.
or
Decrease
1904.
$
Iron Mtn...
<fc
Central Branch
Mobile &Ohio
Nashv Chatt & 8t L..
Fall
&
Boston
3.182.972
$
707,342
503,239
2.634.236
501.250
138,208
4,003,963
7,050,151
113,534
300,179
2,239,688
413,524
Name
Total (55 roads)
1901.
$
1902.
.19.895,675 19.493,094 18,611.314 16,947.379 15,996,644 14,461.709
Total
a
738,634
505,172
MJ
Cent
Illinois
1903.
1904.
$
1905.
$
807.069
Mileage.
Gross Earnings.
ItlCTf'fltif'ti
$35,052
Northern Pacific
$1,141,063 Duluth So: Shore & Atl.
35,006
Great Nor Syst (2 rds). . 1 ,057,856 Virginia A.Southwestern
855,757
N Y Cent & Hud River.
(representing
Total
Canadian Pacific
645.000
$5,389,950
23 roads)
Grand Tr (Can) (3 rds).
225,850
Decreases.
210,100
Denver & Rio Grande..
$446,850
189,929 Wabash
MinnStP&SSM
436,004
136,290 Mo Pac Syst (2 roads)..
Louisville & Nashville. .
433,411
132,686 Illinois Central
Southern Ry
216,529
121,888 Yazoo & Miss Val
Colorado <fc Southern..
145,989
101,816 Texas&Pacific
Chicago Great Western.
81,645
Central of Georgia
91,510 Ala N O & Tex Pac(3 rds)
73,172
85,800 Mo Kansas & Texas
Canadian Northern
53,347
78,572 St Louis Southwestern.
Minn & St Louis
43,246
North. .
Wheeling & Lake Erie.
76,837 Internat'l & Gt
68,435
Buff Roch & Pittsburg.
Total (representing
46,134
Chic Indianap & Louisv
..$1,930,193
12 roads)
54,369
Cinn N O & Tex Pac...
Vol. lxxxi.
1,390,933
1,341,742
35,310,176 35,158,852
220,001
222,258
4,403,899
3,907,908
1,956,681
1,791,178
29.122.651 27,393,904
94.292
91,162
79.290
62,721
527,174
468.757
2,475,038
2.030,086
6,713,502
4,962,643
14,318,900 12,964.410
29,766,638 30,598,959
1,341,521
1,275,010
6,129.156
5,793,366
7,437,231
7,750.456
169,133
148,230
62,577,353 57,488.231
39,132,362 34,094,426
359,439
331,598
6,208,776
5,706,618
992,927
965,965
35,919,087 34,145,699
560,382
485,520
8,150,692
8,125,088
928,172
993,448
2,755,663
2,624,194
500,385
509,146
623,006
410,238
17,295,379 17,929,468
3,650,295
3,122,466
5,457,671
5,585,601
49,191
151,324
2,257
495,991
165,503
1,728,747
3,130
16,569
58,417
444,952
1,750,859
1,354,490
832,321
66,511
335,790
313",225
20,903
5,089,122
5,037,936
27,841
502,158
26,962
1,773,388
74,862
25,604
65,276
131,469
~8~, 761
212~768
634",089
527~,829
127,930
Total (55 roads)
484,597,911 452,258,707 34,489,421
Net increase (7.15 p. c).
32,339,204
2,150.217
—
Mexican Roads (not included in totals.)
Interoceanic of Mexico..
4,722,227
4,658.066
Mexican International ..
4,746,300
5.15S.662
Mexican Ry
d4 ,561 ,200 d4,436,800
Mexican Southern
2/889,402
2/853,828
of Mexico
Nat
9,178,731
8,617,286
RR
64,161
412,362
124,400
35,574
561,445
y These figures are down to the end of the third week of September only.
d Figures are for Jan. 1 to Sept. 23.
ITEMS ABOUT BANKS, BANKERS AND TRUST
—The
public sales of
bank stocks
this
CO'S.
week aggregate
127 shares, of which 112 shares were sold at the Stock Exchange and 15 shares at auction. The transactions in
trust company stocks, all auction sales, reach a total of 40
Two lots of stock of the Lawyers' Title Insurance
shares.
& Trust Co., one of 20 shares and one of 2 shares, were sold
at 342
made
and 350 respectively.
week at 330^.
last
The
last previous sale
was
.
O
THE CHRONICLE.
14 1905.]
i.
—
HANKS AYir York. Low.
jIO Araer. Ex. Nat. Bk... 279
J102 Commerce, Nat. Bk. of 201
15 Turk Bank, National.. 490 .'a
Charts.
TRUST COMPANIES-
Mw
Bowling Green Tr. Co. 215
I'.vyers' T. Ins. A Tr. 342
22
15
1
N.Y.
3
Life Ins.
&
Trust 1090
Last pmriotu Bdh
High.
279
202' j
Oct.
279
202 'a Oct.
190ft— 277J*
1905203
49l>ij
4MJ4 Mm.
1905— 684
Close.
.
215
342
1090
Sept.
Oct.
1905— 221 !j
1905— 330)4
Oct.
1905—1101
j Sold at the Stock Exchange.
—A
New York
Stock Exchange membership was transferred on Thursday of this week for $85,000, the same price
as the last previous sale.
—
The meeting of the American Bankers' Association at
Washington, on Tuesday, Wednesday, Thursday and yesterday, will be remembered by the visiting delegates as a very
enjoyable affair. The attendance equaled last year's convention at New York, about 3,500 delegates and visitors being
With them were their wives and families. Mr. E.
present.
F. Swinney, the popular President of the American Bankers'
Association, received an ovation on arriving at Washington,
Monday. Mr. and Mrs. Swinney traveled from their home
in Kansas City.. Mo., in the private ear of the President of
the Chicago & Alton Railway, and had as guests Mr. and
The
Mrs. Seitz and Mr. and Mrs. Sampson of Kansas City.
Illinois delegation, numbering 300 members, came to the
Capital in two special trains, with the new President-elect,
John L. Hamilton, at their head. Delegations from Missouri and Kansas arrived on a special train over the Chesapeake & Ohio, and 150 Michigan bankers came on another
John L. Hamilton
ston,
Hamilton
of
& Cunningham, Boope-
111.
Whit son, Vice-President of the National City Bank
New York has been chosen Vice-President of the Asso-
(i.
of
VorJt.
215
350
1090
is
1147
S.
ciation.
The following were elected members of the Executive
Council for a term of three years: George M. Reynolds, VicePresident Continental National Bank, Chicago; Milton E.
Ailes, Vice-President Riggs National Bank, Washington,
D. C; J. L. Edwards, President Merchants' National Bank,
Burlington, la.; H. B. Wilcox, Cashier First National
Hank, Baltimore, Md.; J. J. Sullivan, President Central
National Bank, Cleveland, O. The following were also
elected members of the Executive Council: Joseph Chap-
man
Jr., Vice-President
Northwestern National Bank,
Minneapolis, Minn.; A. G. Lupton, Hartford City, Ind.;
H. P. Hilliard, Vice-President Mechanics-American National
Bank, St. Louis; L. A. Picrson, President National Exchange
Hank, New York City; J. G. Brown, President Citizens'
National Bank, Raleigh, N. C.
Joshua D. Powers, President of the United States Trust
Company
Ky., has been chosen chairman of
of Louisville,
the Executive Council.
—
A particularly handsome memento of the present year's
convention of the American Bankers' Association has been
issued to the friends of the Liberty National Bank of New
York. The souvenir takes the form of a diminutive memorandum book bound in brown suede, with the initials of the
bank on the front cover. Besides blank pages for the entry
special
All the business sessions of the Savings, Trust and Bank- of engagements, addresses, the keeping of a card account for
ing Sections were crowded and the addresses were listened to the year from October 1905 to September 1906, etc., a calenwith more than the usual interest and attention. Secretary dar for the last four months of 1905 and the year 1906 is
Shaw was accorded a warm welcome in making his address given, as well as the complete program of the convention.
Wednesday.
The local bankers
—
last
The Cooper Exchange Bank, at Second Street and
be complimented for the Avenue A, this city, was closed on Tuesday by order of State
entertainments of the week. At Bank Superintendent F. D. Kilburn. The bank was organsuccess of the social
no convention in any city have the local bankers made more ized a little over two years ago with a capital of $100,000.
effort or taken more concern in the comfort and hospitality According to a statement of one of its directors, "the bank
of their guests. Washington, from its national character and has been run at a loss since it was organized."
The same
interests, possesses more attractions for the visitor than it is authority also states that "the depositors will be paid in full
possible to find elsewhere.
In late years it is becoming but the stockholders and directors will lose about 25 per cent
more and more the custom of the delegates to have their of their investment." It is reported that the withdrawals
families accompany them when attending the annual conven- have been heavy since the sudden death on the 4th inst. of
tions, and this year a very large number of ladies were in Cashier George F. Krapp.
A petition has been sent to
evidence.
Kilburn asking for permission to wind up the affairs
Supt.
On Tuesday evening the officers and Executive Council by voluntary liquidation, thus saving the expense of a rewere the guests of the Washington bankers at a banquet in ceivership. Samuel Gotthelf has been President of the bank
the New Willard Hotel. The tables, arranged in the form of since its organization.
a dollar sign, were beautifully decorated with American
The proposition to increase the capital of the People's
John Joy Edson, President
beauties and chrysanthemums.
Bank of Brooklyn from $100,000 to $200,000 will be subSecreof the Washington Bankers' Association, presided.
mitted to the stockholders on the 25th inst. The proposed
tary Shaw was present.
An orchestra rendered popular issue will
be sold at $200 per share to present stockholders,
music and professional performers furnished entertainment.
who will be allowed to subscribe to an amount equal to their
A unique folder, a fac-simile of a bond, had the menu item- present holdings. The bank is preparing to open a branch in
ized on the attached coupons.
A pair of clippers went with temporary quarters
The perat 1550 Broadway, Brooklyn.
this novel favor.
manent location of the branch will be at Broadway and
During the week the bankers visited Washington's home
Hancock Street, where the bank lately purchased a site on
at Mt. Vernon, attended the cavalry and artillery drills at
which it will erect a two-story building.
Fort Meyer, sailed down the Potomac on specially chartered
The Federal Trust Company of Newark, N. J., organized
steamers, and took advantage of every facility offered by the
October 1 1901, publishes a statement showing the growth
local committees to see all of Washington's famous attractions.
The reception tendered by President Roosevelt on in its deposits during the four years. /The amount on October
Wednesday afternoon, when the bankers were personally 1 1905 is reported as $4,647,022 against $3,551,185 on the
and $2,303,965
presented to the Executive and Mrs. Roosevelt, will remain same date in 1904; $2,525,584 October 1 1903,
in 1902.
The number of depositors has increased from
visit to the Capital
are
to
—
—
for
many
the pleasantest incident of their
Secretary and Mrs. Shaw's reception at the Arlington Hotel
Wednesday evening, and the reception by the trustees of the
Corcoran Art Gallery the same evening, were both notable
affairs.
The bankers turned out en masse Thursday evening
to see Wm. H. Crane's successful new play, "The American
Lord," at the National Theatre, and a select performance of
vaudeville at Chase's Theatre, both theatres having been reserved for them.
The week's program concluded Friday
night with the formal reception given by the Washington
Bankers' Association to the delegates and ladies at the New
1,430 October 1902 to 3,695 on the 1st of the present month.
The company has a capital of $1 ,000,000, surplus of $500,000,
and
total
assets
of
$6,494,420.
Frederick
Smith
Jr.
is
President.
—An
effort is being
made
to pool the stock of the
John
of Springfield, Mass., in expectation
of a possibility of its sale at a price above that lately obtained
Hancock National Bank
circular has been sent to the stockholders by N
D. Winter inviting signatures to an agreement to that effect,
and which has the support of owners of 897 shares of stock.
for
A
it.
A
tion will be given in our special
report of the four days' proceedings of the Convennumber, the Bankers' &
that every stockholder shall
have an opportunity to join in it. Under the agreement the
signer pledges himself to Bell at $120 (the market price haa
Trust Section, which is to accompany next Saturday's issue
of our paper.
The newly elected President of the Association
It is stipulated that "no sale of
ranged from 103 to 108).
made to any bank or financial institution
this stock shall be
Willard Hotel.
A
full
condition of the agreement
is
THE CHRONICLE
—The contemplated
that does not agree to
1148
elect
the purpose of consolidation
E. D. Chapin, President of the John Hancock National Bank,
to the office of its President or its First. Vice-President with
the understanding that he be continued in said office for
Mr. Chapin has placid the option for 53 shares in
life."
'for
understood to have since withdrawn it. It is also stated that circulars opposing the movement have been issued. The bank has a capital of $250,000.
Mr. Winter's hands, but
is
—
On the application of one of the stockholders of the
defunct City Trust, Safe Deposit & Surety Company of
Philadelphia, Stephen Farrelly has been appointed receiver
J. Hampton
of the company's property in New York State.
report of the
Moore is the receiver in Philadelphia. A recent
appraisers appointed to place a valuation on the assets of
A statement of
the concern showed assets of $1,532,994.
Receiver Moore gives approximate total liabilities of $2,423,188.
—
At the recent convention in Annapolis of the Maryland
Bankers' Association a resolution was adopted authorizing
the appointment of a committee of three to consider and
report to the next convention upon the advisability of recommending a form of fidelity bond for the use of the members.
David Sloan, President of the Lonaconing Savings
Bank of Lonaconing, has been elected President of the Association.
William Marriott, Cashier of the Western National
Bank of Baltimore, and Charles Hann, Assistant Cashier of
the National Mechanics' Bank of Baltimore, have respectively
been re-elected Treasurer and Secretary.
—
J. F. Neil has been appointed Assistant Secretary of the
Equitable Trust Company of Chicago in place of C. Huntoon,
who has resigned as Assistant Secretary and Cashier.
—The Peoria National Bank
of Peoria,
111.,
failed to
doors on Saturday last. The statement issued by the
officials relative to the suspension is as follows:
At a meeting of the board of directors of the Peoria National Bank,
held last evening, it was made apparent that the bank, by reason of continued withdrawals of deposits, could not, without sacrifice of its assets
and resulting loss to its remaining depositors, continue its business. It
was therefore unanimously voted that the bank should discontinue its
active business and notify the Comptroller to take charge of its affairs.
We are assured that the assets of the bank are amply sufficient to cover
The
and
all
depositors in
Bank
increase in the capital of the First
Birmingham, Ala., referred to in these
Saturday, was approved at the stockholders'
of
columns last
meeting on Tuesday.
—The consolidation
of the
&
Canal Bank
Trust
Company
and the Louisiana National Bank of New Orleans has become
effective, and the succeeding institution
the Canal-Louisiana
Bank & Trust
—
—
now
in operation.
The latter has a
capital of $2,000,000, surplus of $500,000 and deposits(Octois
ber 7) of $9,139,913. The officers are as given in our issue of
July 22. The Louisiana National was placed in liquidation
on the 2nd inst.
—
The proposed Los Angeles merger, whereby the Southwestern National Bank and the Los Angeles National Bank
will unite with the First National, has been partially completed. The business of the Southwestern National has been
transferred, and that bank was placed in liquidation on
the 7th inst.
The stockholders of the Los Angeles National
will place their institution in liquidation on the 21st inst.,
and on Monday the 23rd the consolidation of the three
banks will be consummated. The terms of the merger were
fully set out in our issue of August 23.
With the completion of the arrangement the enlarged First National will
have a capital of $1,250,000 and surplus and undivided
profits of nearly $3,000,000.
FAILURES FOR THIRD QUARTER AND SINCE
JAN.
—
1.
The following figures, prepared from Messrs. R.
G. Dun & Co.'s statement, show the number of failures in
the United States and Canada during the quarter ending
September 30 1905, and for the nine months ending with the
same date. For purposes of comparison like figures for the
corresponding periods of the preceding year are given:
open
its
its liabilities
National
[Vol. lxxxi
1905
No.
1904
Amount
of
Third Quarter.
Failures.
States
351
Middle States..
496
Southern States
425
Southwestern States
238
Central Western States. . 496
Far Western States
306
Pacific States
284
New England
of
Liabilities.
No.
o\
Failures.
Amount
of
Liabilities.
362
666
403
286
614
343
295
83,219,460
9,145,800
5,713,700
2,562,345
7,753,840
2,431,785
1,341,366
2,596
Aggregate U. S
$2,287,627
6,438,580
3,743,324
866,771
4,413,980
1,498,762
1,080,399
$20,329,443
2,969
$32,168,296
330
$2,561,550
328
$2,930,407
full.
Dominion
of
Canada
bank followed the resignation of N. C.
New England States
1,137
$8,537,359
1,158
$15,740,131
Dougherty as President of the bank and as Superintendent Middle States.
.1,756
24,218,144
2,029
33,883,202
1,620
12,591,934
1,463
19,847,813
of the Peoria schools, and his arrest in connection with an Southern States
Southwestern States
869
894
5,455,794
6,369,437
The Peoria National Central Western States. .1,597
alleged shortage in the school funds.
15,285,565
1,668
24,520,032
Far Western States
985
5,767,222
1,132
6,609,372
has a capital of $200,000. Its suspension is reported to have Pacific States
842
839
4,378,010
4,689,218
led to heavy withdrawals from other banking institutions in
Aggregate U. S
8,806
$76,234,028
9,183
$111,659,205
the city, and the Dime Savings & Trust Company after a run
Dominion of Canada
959
913
$7,105,495
$9,005,140
of several hours announced its intention of enforcing the
The record of failures by quarters for the three quarters
sixty-day notice with regard to withdrawals. Oliver J.
of the last twenty years is as follows:
Bailey, President of the latter, and Chairman of the Finance
— First Quarter — —Second Quarter— — Third Quarter —
Amount oj No.
No.
Amount of No.
Committee of the Peoria School Board, was indicted yesterAmount of
Years — Failures. Liabilities Failures Liabilities. Failures. Liabilities.
day by the grand jury on the charge of malfeasance in con- 1886
1,953 $20,752,734
3,203 $29,681,726
1,932 $27,227,630
closing of the
.
—
1887
1888
1889
1890
—
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
nection with school affairs.
The petition of Ernest E. Ames as receiver of the City
National Bank of Kansas City for the transfer of the assets
of that institution to the
Bankers' Trust Company has
been, according to the Kansas City "Star" of the 6th inst.,
approved by Judge John Marshall in the Federal Court. A
charter for the trust company, organized expressly for the
purpose of taking over the assets of the bank, was issued on
the 5th inst. It will have a capital of $500,000. The bank
suspended in July. Its capital was $300,000.
3,007
2,948
3,311
3,223
3,545
3,384
3,202
4,304
3,802
4,031
3,932
3,687
2,772
2,894
3,335
3,418
3,200
2,344
3,443
1891
32,161,762
38,884,789
42,972,516
37,852,968
42,167,631
39,284,349
47,338,300
64,137,333
47,813,683
57,425,135
48,007,911
32,946,565
27,152,031
33,022,573
31,703,486
.33,731,758
34,344,433
48,066,721
30,162,505
.
1,905
2,241
2,292
2,162
2,529
2,119
3,199
2,735
2,855
2,995
2,889
3,031
2,081
2,438
2,424
2,747
2,428
2,870
2,767
22,976,330
29,229,370
22,856,337
27,466,416
50,248,636
22,989,331
121,541,239
37,601,973
41,026,261
40,444,547
43,684,876
34,498,074
14,910,902
41,724,879
24,101,204
26.643.09S
32,452,827
31,424,188
25,742,080
1,938
2,361
2,276
2,196
2,754
1,984
4,015
2,868
2,792
3,757
2,881
2,540
2,001
2,519
2,324
2,511
2,548
2,969
2,596
73,022,556
22,114,254
30,227,045
35,452,436
44,302,494
18,659,235
82,469,821
29,411,196
32,167,179
73,285,349
25,601,188
25,104,778
17,640,972
27,119,996
24,756,172
25,032,634
34,858,595
32,168,296
20,329,443
The reorganized Western National Bank of Louisville,
Ky.,is expected to open next week, a properly certified check
DEBT STATEMENT SEPTEMBER 30 1905.
representing the $250,000 assessment required by the CompThe following statements of the public debt and Treasury
troller before resumption having been furnished.
Since the
closing of the bank on August 21 efforts for its rehabilitation cash holdings of the United States are made up from official
have been made. The Comptroller found that an assessment figures issued Sept. 30 1905. For statement of Aug. 31 1905
of 83 1-3 per cent would restore the capital, and this was see issue of Sept. 30 1905, page 1020; that of Sept. 30 1904, see
voluntarily agreed to by a majority of the stockholders. Oct. 15 1904, page 1619.
INTEREST-BEARING DEBT SEPTEMBER 30 1905.
Thomas L. Jefferson has been re-elected President of the
—
Interest
Amount
Amount Outstanding
bank. E. C. Hegan has been chosen Vice-President to sucIssued.
Registered.
payable.
Coupon.
Total.
S
$
$
Title 01 Loan—
$
ceed F. A. Henry Jr., and Lewis Metz has been re-elected 2s Consols of 1930
Q.—J. 542.909,950 535,429,350 7,4S0.600 542.909.950
Q.—F. 198,792,660 43,306.180 33,829.180 77.135,360
3s. Loan of 1908-18
Cashier.
A. C. Montenegro and E. L. Hogan have been 4s Funded loan, 1907
Q.—J 740.931.750 117,549.750 39.046.65. 156,596.400
27.070
4s, Refunding certificates Q.— J. 40,012.750
elected to the board to replace Dr. J. W. Fowler and W. B. 4s| Loan of 1925
Q.—F. 162,315.400 92,918.900 25,571.000 118,489,900
Smith, resigned.
Aggregate Int.-Bear. Debt.. 1.684,962,510 789,204,180 105.927,430 895,158.680
— W. H.
Netherland, who continues as Vice-President of
the Third National Bank of Louisville, has also become
Cashier in place of James Gayle.
—
Denominations of Bonds are:
Of $10, only refunding certificates: of $20. loan of 1908 coupon and
Of $50. all issues except 3s of 1908; of $100, all issues.
Of $500, all except 5s of 1904 coup.; of $1,000, all Issues.
Note.
Of $5,000, all registered 2s, 3s and
Of $20,000, reglst. 4s loan of 1907;
registered.
$10,000, all registered bonds.
of $50,000, registered 2s of 1930.
4s; of
.
Oct.
u
—
—
——
)
THE CHRONICLE.
1905.1
debt o\ which Interest bas
ised since maturity.
ca
Aug. 31.
randed Loan
of 1891. continued kt - par cent, called
May 181900-'interest ceased August 18 1900
WJ1
Funded Loan of 1891. matured September
Loan of 1904. matured February 2 1004
prior to Jan. 1 1801 and later
Old debt matured
The new treaty
30.
.
183.300 00
4o,700 00
182.850 00
183.20
*&,700 on
945. iSo
..
-'
Debt ou which
-<,pt.
945,068 20
182*
2t>
$1,256,535 26
Interest has ceased.
$1,256,405 26
DEBT UEAUINO NO INTEREST.
United States notes
OKI demand notes
National bank notes— redemption account
Fractional currency, less $8,375,934 estimated as lost
\-:^regate
f
..$346,681,016 00
.i.i,2S2 50
33.385.209 (H)
or destroyed..
6,867,109 08
$386,986,610 5S
debt bearing no interest
RECAP! HLATION.
Inc.
Classification ol Debt
nterest-bearlnc debt
Debt, interest ceased
--
Debt bearing no interest.
996.57S.00S 99
Total net debt
a Including $150,000,000 reserve fund.
The foregoing
)
or
l
283 121.939 34
277.597.344 82
00
oo
4-279,912 50
4-279,702 50
is 03
+ J.22<;.:;
l
1,005.524,594 52 —8,940,585 53
show a gross debt on Sept. SO 1905
and a net debt (gross debt less net cash
figures
of SI ,2S3,401,701 S4
in the
S95, 158,700 00
1,256,535 26
386.706.704 OS
898 ,158.0
1,258,406 26
380.986,016 58
1.283,401.701 84
280,823,092 85
Total gross debt
in Treasury. a
Cash balance
f
Dee.
$
$
1
(
(—
—20
—130
Aug. 31 1905.
Sept. 30 1905.
—
I
Treasury) of $996,578,00S 99.
TREASURY CASH AND DEMAND LIABILITIES.—
of alliance with
Ml)
Japan secures peace in
the Far East and will have a very great influence on the side
Europe also. Therefore the general feeling in
of peace in
London is that we are about to have a long period of proIn Paris, likewise, the treaty has been
found repose.
France, having strained her
exceedingly well received.
neutrality by the aid she gave to Admiral Rojdcstvensky,
has hitherto had some misgivings as to the course Japan
would pursue towards her in the future. Now France feels
that the treaty, by guaranteeing the status quo, also guarantees French possessions in the Far East. In Russia, the treaty
has been received quite as favorably as could be expected.
indeed, in liberal circles the belief is that the treaty, by
preventing Russia from engaging in new adventures, will be
In Austria the treaty is
of great benefit to that country.
favorably regarded as it is likewise in the smaller States of
Europe. In Germany alone it is very badly received,
although the semi-official press speaks of it somewhat as
Prince von Bulow spoke of the Anglo-French Agreement.
Upon the whole, then, the treaty increases the optimistio
feeling in London; and it has the same effect in Paris,
although the improvement in France is checked for the
The cash holdings of the Government as the items stood
moment by the liquidation referred to and the difficulties in
September 30 we have prepared from the Treasury statement
Lyons. Were it not for this, there would probably be a
of that date.
great improvement in Paris, as the long negotiations with
ASSETS.
LIABILITIES.
Trust Fund Liabilities —
Trust Fund Holdings —
Germany respecting Morocco have at last been brought to a
$520,047,969 00 Gold certificates
$520,047,969 00
Gold coin
475,017.000 00
475,017.000 00 Silver certificates
Silver dollars
The impression amongst the best
favorable conclusion.
8.795,000 00 Treasury notes of 1S90..
8,795,000 00
Silver dollars of 1S90
informed in Paris is that we are about to see a very con$1 003.S59.969 00
Tot. trust liabilities.$l,003,859.969 00
Total trust fund
General Fund HoldingsGen. Fund Liabilities —
siderable improvement in Paris.
that particularly Paris
Gold coin and bullion
$64,879 .823 71 National bank 5 per
cent fund
48,451 .990 00
18.089.656 95
Gold certificates
will invest on a very large scale in London; and that before
Silver certificates
5.043 ,093 00 Outstanding checks and
Silver dollars
Silver bullion
United States notes
Treasury notes of 1890.
National bank notes
4.979 ,964 00
drafts
3,082 .522 72 Disbursing
00
ances
10,090.035 25
officers'
bal-
58,377.905 04
10,34:) ,090
30 .142 00 Post office Department
16,101 .921 00
account
9,706 256 00 Miscellaneous items
6,244.802 59
2.185.996 42
long the effect will be seen in a decided recovery in the
mining market. It is true that M. Witte has been preparing
way
Russian loan in both France and Geris that the accumulation of unemployed money in that city is so great .that a
Tot. In Sub-Treas'les.. 163,257.634 66
very large sum can be lent to Russia and yet there will reIn Nat. Bank Depositaries
Credit Treasurer of U. S.
55,483.728 66
main a further very large sum for investment elsewhere.
Credit U.S.dis.offleers...
9.134.S55 78
In Berlin, the more cautious bankers and financial journalTotal in banks
64.618.584 44
In Treas. of Philippine Islands
ists are becoming uneasy because of the very active specuCredit Treasurer of U. S.
2.137.207 25
Cash Balance and Reserve—
Credit U. S dis. officers.
1.798.662 75 Tot. cash and reserve... $286, 823. 692 85
lation in industrial securities.
Some of the leading banks
Made up of
Total In Philippines..
3.935.870 00 Available
136,823.692 85
have intimated to their customers that they must reduce
and
Reserve fund Holdings —
Reserve Fund
their loans.
And one of the most influential financial
Gold coin and bullion... $150,000,000 00
Gold & bull.$150,000,000 00
journals warns the public that the speculation in industrial
Grand total
.$1.3S5. 672,058 10|
Grand total
...$1,385,672,058 10
securities has been carried too far.
There has, therefore,
STOCK OF MONEY IN THE COUNTRY.— The follow- been
some setback in Berlin, but as yet the setback is very
ing table shows the general stock of money in the country,
slight.
The country is doing exceedingly well. Trade is
as well as the holdings by the Treasury, and the amount in
wonderfully active, and gthere is a very hopeful spirit
circulation, on the dates given. The statement for Oct. 1 1904
abroad. Just now, money is poured out from Berlin to
will be found in our issue of Oct. 15 1904, page 1621.
the interior in immense amounts, and no doubt this week
Stock 01 Money Oct. 1 1905. -Money in Circulation —
In United
Held in
it will be found that the note circulation has increased so
Oct. 1
Oct. 1
Slates.
Treasury, d
1905.
1904.
immensely that the Imperial Bank will have to pay the 5 per
$
$
$
S
Gold coin and bullion
1,387.257,928 214.879,824
652,330.135
641.844,863
Gold certificates. a.
cent duty upon a considerable proportion of new notes.
48.451,990
471 595,979
486.512 139
Fractional siver coin
Fractional currency
Minor coin
Bonds and interest paid.
Standard
silver dollars
Silver certificates. a..
Subsidiary silver
Treasury notes of 1890
Total
559.433.865
Tot. gen.
liabilities
...
94,988,396 25
115,246,222
8.795.000
346,681,016
4.979,964
5.043.693
9,706,256
30.142
10 342.090
79.436,901
469,973,307
105,539,966
8,764,858
336 338 926
76.000.250
468.139.876
98,840,017
11,860,099
336,924.758
516.352.240
United States Notes
Currency certificates. a
National bank notes
88 02
602 146 31
36 99 7 90
16,101,921
500.250,319
442.027.487
2.933,766,271 309.535,880 2.624,230,391 2.562,149.489
October 1 1905 estimated at 83,609.000; circu-
Population of the United States
lation per capita, $31 39.
a
the
many.
for a large
Still,
people argue, the notes will rapidly return, money
become plentiful by and by, and therefore few of the
operators are inclined to very greatly reduce their accounts.
The Directors of the Bank of England, on Thursday,
Still,
will
raised their rate of interest
of outstanding certificates an exact equivalent In amount of
the appropriate kinds of money Is held In the Treasury, and Is not Included In the
account of money held as assets of the Government.
d This statement of money held In the Treasury as assets of the Government docs
not include deposits of public money In national bank depositaries to the credit
of the Treasurer of the United States, amounting to $55,483,728 b6.
inonctixvyiCommcvctal^ugUsTtiXcxxts
London, Saturday, Sept. 30 1905.
At the beginning of the week business was kept somewhat
in check by uncertainty regarding money.
Since, however,
rise in the Bank rate, markets have improved, although
solfl and other Government securities have
given way.
There has also been a further decline in mining securities
through the closing of a large account. The liquidation consequent upon the sugar crista ill Paris is not yet finished. It
[a believed by those in a position to be well
informed thai
is
very nearly completed. Still, as it goes on, it checks improvement both in Paris and here.
Moreover, thenen -mall financial difficulties in Lyons which have adversely affected the Paris market for the moment, and,
through Pari-, London.
Upon the whole, however, the
;
.
1
very optimistic.
t
for the
demand
gold, not only for the United States but also for
for
Egypt,
is
very great. In Egypt, both the cotton and the sugar crops
are exceptionally good this year and prices are high.
There
is a rampant speculation going on, and new companies of
all kinds are being brought out every day.
Therefore,
the
demand
And
is
from 3 per cent to 4 per cent.
The advance was generally expected,
For redemption
ing here
the best opinion in Paris
it is
banking accommodation is unprecedented.
believed that the imports of gold between now and
the end of the year will surpass all former experience.
So
for
is the demand just now that a million sterling in
gold which was on the way from India to the Bank of England
strong
has been diverted to Egypt.
And it is understood that tohalf a million will be taken out of the Hank,
while it is feared that there will also be very large exports
to Argentina.
day another
What
the United Stati
may
require,
nobody
at
this side
There seems, therefore, good grounds for the
action of the Bank of England; but the outside market.
has not followed the Hank.
Therefore LI ia clear that the
Directors of the Hank of England will have to borrow in the
The
open market to make the
per cen! rate effective.
promptly, the 1 per
general hope hen: is thai if this is done
can foresee.
I
cent rale
will pi
uffice.
\>
all
'
i
'•
the
THE CHRONICLE
150
1
made
4 per cent rate is
be a large
effective, there is sure to
increase in the balances of the French banks here in London.
And it is generally expected by those in the best position
to judge that
also be possible to obtain a considerable
it will
amount of gold for Egypt and for New York in Paris
should that become necessary.
The India Council offered for tender on Wednesday 80 lacs
of drafts and the applications considerably exceeded 632 lacs
at prices ranging from Is. 4 l-32d. to Is. 4 l-16d. per rupee.
Applicants for bills at Is. 4 l-32d. and for telegraphic
transfers at Is. 4 l-16d. per rupee were alloted about 11 per
per cent of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c,
compared with the last four years:
1905.
1904.
1903.
1902.
Sept. 28.
Sept. 30.
Oct. 1.
£
£
£
£
29.271,425
14,203.316
45,169.262
GovernnVt securities 18,667,070
Other securities
35,297,160
Reserve, no tes& coin 23,807,561
Coin&bull.fbothdep 34,628,996
Prop, reserve to liabilities
40
p. c.
Bank rate
46
p.c.
Consols, 2% p. c...
89 9-16
28.401.895
8.404.465
41.886.596
14,227,140
25,459,265
28.969 468
38,921,363
Circulation
Public deposits
Other deposits
57%
Imports of flour
Total
..
Average price wheat, weekAverage price, season
Wheat
48%
4a
3
93 5-16
26%d
Flour, equal to
Maize
Bank
of
Silver peroz
Consols, new,
2%
13
Sat
d. 28 5-16
per cents. . 88%
.
Foraccount
88%
French Rentes (in Par.).. fr. 99.60
SAnaconda Mining Co
6%
Atch. Top. & Santa Fe
92
107
Preferred
& Ohio
Baltimore
•
•
discount houses
Atcall
7 to 14 days
1%
chief Continental cities
and open market
Bank
Sept. 22.
Bank
Open
Rate. Market.
2%
3%
3%
Paris
Berlin
3
4
Hamburg
Frankfort...
4
4
Amsterdam
2%
f.
Brussels
4
4
4
3 5-16
4
2%
2%
3%
2%
2%
2%
2%
3%
5%
4%
3%
3%
3
Madrid
Copenhagen
3
•
•.
3
nom.
4
3%
5%
4%
3%
3^
5%
4%
4
4
4
4
nom.
4
Messrs. Pixley
3
4
4
&
3 7-16
1%
2%
2%
2%
2%
2%
2%
nom.
3%
Bank
1%
3
3
2%
2%
2%
3
3
2%
•
3
3%
5%
4%
4
4
2%
3%
nom.
3%
4
Abell write as follows under date of
—
£57.000.
for bullion are reported as follows:
Sept. 21.
s.
77
76
German gold coin, oz..a76
French gold coin, oz ..a76
Japanese yen, oz
a76
d.
Sept.
s.
9% 77
4% 76
4% a76
4% a76
4% a76
a Nominal.
2d,.
d.
9%
4%
4%
4%
4%
SILVER.
Sept. 21. Sept. 28
London Standard.
d.
d.
Bar silver, fine, oz
.28 9-16 28 7-16
" 2 mo. delivery
.28 1-16 27 15-16
Bar silver .containing5 grs. gold, oz
4 grs. gold, oz
3 grs. gold, oz
Cake silver, oz
.29 1-16
28 15-16
-28%
28%
Mexican dollars
.Nom
.28 11-16 28 9-16
.30 13-16 30 11-16
Nom.
The
following shows the imports of cereal produce into
the United Kingdom during the season to date compared
•
with previous seasons:
IMPORTS.
Four weeks
Imports of wheat, cwt.
Barley .
Oats
Peas
Beans
Indian corn.
Flour-
116%
58%
22
185%
36
36
91%
50%
83
74%
91
88
215%
194V5
74%
63%
47%
51%
34%
71%
37%
103
Pacific,
common
common.. 39%
...107%
23%
Preferred
44
Debenture "B's"
77%
£
75
186
215%
196
38%
55%
88%
89%
49%
83%
74
184%
155%
.
136%
K*
iff*
137%
99
39%
99%
39%
107%
107%
108|l
42%
75
22%
69%
38
153%
88
55%
88
94%
55%
211
n%
62%
47%
51
34
70%
99
22
38
153%
i
74%
62%
36jJ
103
38%
22%
43
74%
34
25
95
62%
vfi
34%
71%
22%
184%
33
156
74
103
34%
90%
49%
83%
74%
25
195
73%
628
SI*
34%
70%
37%
184%
58
33%
69%
U"
214
88
95
214
195
58%
100
184%
155%
38%
155
55%
38%
55%
176%
26
34
70
34
70
155
174%
158%
25%
26
34
70
6%
BOH
106%
115%
8i*
51%
83%
184%
157%
136%
99
6
185%
6%
90%
22
186%
50%
83
74%
bsh
99.60
107
116
100
59
22
22
186
9- L6
88%
99.60
92%
107%
116%
100%
178%
88
37
103
135%
99
38%
21%
106%
44
43
75%
73%
190
73%
P
34
71
36%
102%
135%
991-5
38%
107%
2
42*
73%
sterling per share.
Commercial and !pXisccIl<mca\i5fi£ix)S
banks
following information regarding national
from the Treasuty Depart mtnt:
is
NATIONAL BANKS ORGANIZED.
Ismed September 24 to October 7 inclusive.
7,922.— The McKeen National Bank of Terre Haute, Indiana. Capital,
William R. McKeen, President; Frank McKeen,
$500,000.
Vice-President; Samuel C. McKeen, Cashier; Chas. Paddock,
Assistant Cashier.
Succeeds McKeen & Co.'s Bank.
The First National Bank of Cottonwood, Idaho. Capital,
7,923.
$25,000. F. C. Holbert, President; W. L. Brown, VicePresident; E. M. Ehrhardt Cashier.
Conveision of the Idaho
County Bank of Cottonwood.
The Comal National Bank of New Braunfels, Texas. Capital
7,924.
$35,000. John Dowell, President; Theo. Eggeling. ViceCertificates
—
,
DOLLARS. No further business has taken place in dollars, but the
following shipments are reported to India: Bombay, £28,400; Calcutta, £28,600
!
common
94%
•
—
GOLD.
Western,
NATIONAL BANKS. — The
2 3-16
—
London Standard.
Bar gold, fine, oz
U.S. gold coin, oz
91%
107
Fri.
28%
Open
Rate. Market.
—
The quotations
25%
Thurs.
88 7-16
Sept. 8.
were taken for New York, but on the Bank rate,
which was fixed at 3 per cent on the 7th Inst., being raised to-day to 4 per cent, the
price of bars has fallen to 77s. 9%d. and will probably go lower still, as we expect
over £800,000 in bullion to arrive next week. Since our last the Bank has lost
£530,000, of which £350,000 has gone to Egypt. There have been no arrivals of any
Arrivals South Africa, £433,000; Australia, £54,000; total, £487,000
sort.
Shipments— Bombay. £36,000; Colombo, £2.500; Calcutta, £21,000; total, £59^500
SILVER. There has been extensive closing of short accounts for September and
this raised the price of sliver as high as 28%d.. but with larger American sales we
have since fallen to 28 7-16d., at which the market closes dull. Forward Is quoted
at %d. under cash. The spot price in India has risen sharply to 74%, in conse
quence of fears as to bullion being delayed by the block in the Suez Canal. The
shipment rate is 71% per 100 tolahs. Arrivals New York, £133.000; Australia,
£3,000; total. £136.000.
Shipments— Bombay. £40.700; Calcutta, £12,50o'
total. £53,200.
total.
&
Preferred
U.S. Steel Corp.,
Preferred
September 28:
GOLD —All this week's arrivals
MEXICAN
London
28%
6%
6%
6%
91%
107
100
71
a Price per share.
Open
88 Jj
99 62
176%
Wabash
Rate. Market.
3 9-16
Vienna
St. Petersburg
Bank
Open
Rate. Market.
3
2
Per Gable.
Tves.
Wed.
28 7-16
88 9-16 88 11-16
88 13-16 88%
99.60
99.62%
116%
& Texas, common 34%
Preferred
Union
rates at the
Sept. 15.
9%d.
1903-04.
1.510.000
355,000
1,240,000
1904-05.
2,520,000
135.000
1.260,000
28%
174%
75
186
Southern Pacific
Southern Ry., common
i%
1%
1%
Mon.
28%
88%
158%
aFirst preferred
aSecond preferred
Rock Island Co
have been as follows:
Sept. 29.
Rates of
m
l%
l%
2%
2%
rates of discount
Interest at
3@3%
2%
joint-stock banks
The Bank
3%
2%@2%
2%@3
3%@3%
27s.
as follows the past week:
100
91%
50%
83%
Preferred
Erie, common.
First preferred
Northern Pacific
Northern Securities
aPennsylvania
aReading Co.. common
2%
3%@3%
3%@3%
3%@4
4
•
—
Interest allowed for deposits
By
By
3%
3%
3%
bills
|
2%@2 15-16
3%
3
3 5-16
3 5-16
Last Keek.
1,595,000
170.000
1,190,000
116%
Preferred
3%@3%
29s. lid.
100
Preferred
Canadian Pacific
177 %
Chesapeake & Ohio
59
Chicago Great Western
22
Chicago Milwaukee & St. P.. 186%
Denver & Rio Grande
36
Norfolk
bills
This week.
1,335,000
205,000
1.135,000
Nat. RR. of Mexico
38%
N. Y. Central & Hudson Rivl56ii
N.Y. Ont. & Western
56%
Sept. 8.
Sept. 15.
England rate
Open market rates —
Bank
— 3 months.
—4 months
—6 months
Trade
— 3 months
— 4 months
r-
•
9,954.917
26s. 6d.
by cable have been
Preferred
as follows:
Sept. 22.
Sept. 29.
10,475,752
27s. Od.
29s. Od.
29s. lOd.
daily closing quotations for securities, etc., at
Central
& Nashville
Mexican Central
money have been
9.989.960
English Financial Markets
The
Second preferred
6 September 28.
rates for
12,846,322
28s. 8d.
27a. 5d.
_.qrs.
qrs.
_.qra.
_
Mo. Kans.
The
1902-03.
7.186,964
1,540,033
1,227,920
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
Illinois
2.
1903-04.
7.610.709
1.530,688
1,334,355
_
Louisville
a October
1904-05.
7,909.100
8S4.200
1,196,660
London.
30.546.875
10,874,581
41.204.129
18,022.103
27,158,440
25,385.749
38,157,642
93 3-16
88%
23 %d.
26 13-16d.
27%d.
64,860.000 198,643,000 226,278,000
1905-06.
8.461,600
961,600
3.423,122
home-grown
Sales of
Week ending Oct
44%
44
4
88 3-16
3„
28%d.
Silver
30.401,185
10,025.973
42,695.526
15,826,060
31.837.516
23,616,229
35,842.414
29.439,250
8,215,520
43,498,107
16,906,056
30.483,714
22,820,140
33,809,390
lj:
Wheat Imported, cwt..
Oct. 2.
£
Supplies available for consumption (exclusive of stock on
September
as reported
1901.
Sept. 27.
Vox.. r.iAXi
1905-06.
8.461,600
2,381.700
1,236,100
258,886
150,770
96,500
961.600
1904-05.
7,909.100
2,221,500
816,600
187,710
268,480
3,211,200
884.200
1903-04.
7.610,709
4.257,101
972.467
326.599
265,408
5.076,008
1.530 .688
1902-03.
7,186,964
3,162,830
1,476,639
150,629
258,576
594,994
540.033
—
President; Arlon B. Davis, Cashier.
7,925.
Bank
Overton,
—The$25,000. NationalDann, President; N.
A.
First
of
I
Nebraska.
Capital,
J. Paul, Vice-President;
.
E. R. Green, Cashier. Succeeds Alfafa State Bank.
7,926.— The Federal National Bank, Chicago, Illinois. Capital, $500,000.
I. N. Perry, President; Chas. J. L. Kressmann, Cashier
The First National Bank of Hominy, Oklahoma Territory.
7,927.
—
Capital,
—
$25,000.
Prentiss
Price,
President;
Drummond, Vice-President; Howard M. Maher,
Succeeds Bank of Hominy.
The First National Bank of Carthage, Tennessee.
Frederick
Cashier.
Capital
$25,000. J. W. Williams, President; A. Oliver and D. A.
Duke, Vice-Presidents; F. C. Stratton, Cashier.
The National Deposit Bank of Philadelphia, Pennsvlvania
7,929.
Capital, $200,000.
John F. Finney, President; Wm. B
Vrooman, Cashier.
The First National Bank of Warren, Indiana. Capital, $25,000
7,930.
David H. Griffith, President; J. W. Cunningham, Cashier.
The Danielsville National Bank, Danielsville, Pennsvlvania.
7,931
F. M. Hower, President; S. J. Drumheller
Capital, $25,000.
Vice-President; H. H. Hower, Cashier.
7,932 The Houston National Bank of Dothan, Alabama. Capital,
$50,000. J. R. G. Howell, President; R. B. Forrester.
Vice-President; John Sanders, Cashier; K. L. Forrester,
Assistant Cashier.
The First National Bank of Foley, Minnesota. Capital, $25,000.
7,933
John Foley, President; Chas. Keith, Vice-President; John F.
Hall, Cashier.
The First National Bank of Sandersville, Georgia. Capital
7 934
$42,000. L. B. Holt, President; D. P. Hale, Vice-President:
S. M. Hitchcock, Cashier; Battle Sparks, Assistant Cashier,
Conversion of the Sandersville Bank.
7,935 The First National Bank of Benson, Holsopple Post Office;
Pennsylvania. Capital, $25,000. A. E. Cassler, President,
Cashier.
Jacob I. Kaufman, Vice-President;
National City Bank of Washington, District of Columbia. Cap7 936
P. A. Drury, President; A, G. Clapham
ital, $300,000.
f.l. ••
P.]?.] .j
;. Cashier.
7,928.
—
—
—
—
—
—
—
,
—
.
.
—
1
937— Tin-
'
Fust National Bank ol Christlansburg. Virginia. Capital'
M II. Tompkins, President; C. w Surface, Vice"
135 000
K. Colhoun, Cashier; Geo. W. Waltersi
is.
Presidenl
.
Assistant
Oaahler.
— xhe $50,000.
C
National Bank of -Dothan, Alabama.
Icer. E. Williams, President; J. T. Tbxashei
President; R. C. Williams, Cashier.
Capital,
7 939 The Bayslde National Bank, Bayslde New York.
Frederic Storm. President; Q. Waldo Smith, Vice
000.
President; Geo. S. Roe, Cashier; B. If. Boynton, Assistant
Bucceeds Private Hunk of Frederic storm.
Cashier.
The Slooomb National Hank, Blocomb, Alabama. Capital,
7 940
J. K. Falrcloth, President; C. E. Segrest, Vice$35.oiH).
President; 8. D. McGee, Cashier,
7,941— The First National Hank of Freeburg, Illinois. Capital. $26,000.
H. a. youngblood, President; W, J. Reichert, Vice-PresiSucceeds German-American
dent; J. 0. Becker, Cashier.
Hank of Freeburg.
7,942— The Island Citv National Bank of Key West, Florida. Capital,
Ceo. B. Watte, President; Chas. H. Pierce, vice$100,000.
,
President; E. M. Martin, Cashier.
7 93s
—
1
—
1
TIIK CHRONICLK.
Oct. 14 1905.
7
a
1
Tiiinl
—
—
1151
The foregoing does not include the bonds held iii the Now
There wore
York Bub-Treasury against deposits in banks
hold on September 30 $8,091 ,000 bonds, making the whole
B0
amount at that date in possession of the Government as sefor deposits $70,101,300.
curity
The following shows the amount of national bank-notes
afloat and the amount of the legal-tender deposits Septemand October 1, and their increase or decrease during
ber
month of September.
the
1
National
Amount
Amount
Amount
Bank Notes
— Total afloat —
September 1 1905
issued during September
retired during September
$512,220,367
afloat
Amount bank
$9,220,970
5,089,097
notes afloat October
4,131,873
$516,352,240
1905
1
•
rj»qpT3UQTJIDATIONS,^flJEI M MW^rTFTt] "
The Louisiana National Bank of New Orleans, Louisiana, was
placed in liquidation October 2; absorbed by the Canal Bank
& Trust Company.
The Southwestern National Bank of Los Angeles, California,
—
Legal-tender Notes
deposit to redeem national
•
1,626
5,993
—
—
5,051.
with The
was placed in liquidation October 7; to consolidate
First National Bank of Los Angeles.
—
6,304. —
3,289.
bank.
ober
American National Bank
placed
— Theliquidation on September 23;of Dallas, Texas, was American
consolidated with the
1
$34,663,714
1905
The portion
by banks becom-
of legal tenders deposited (1)
by banks going
ing insolvent, (2)
by banks reducing
(3)
,229,512
1
bank notes Oct-
deposit to redeem national
Amount on
and
$33 ,434 ,202
$2,267,420
1 ,037,908
of bank notes redeemed in September
Amount
10;
Bethlehem Trust Company.
The City National Bank of Austin, Texas, was placed in liquidation "on September 15: absorbed by the Austin National Hank
The First National Bank of Two Harbors, Minnesota, was placed
in liquidation on September 22, to be succeeded by a State
bank
notes September 1 1905
Amount deposited during September
of New
Citizens
— Thewas placed National Bank on AugustBethlehem, Pennsylvania,
absorbed by the New
liquidation
in
3,132.
Amount on
into voluntary liquidation,
was
or retiring their circulation,
follows on the first of each of the last five months.
a
in
1,023.
—
6,305.
—
Exchange National Bank of Dallas.
The Merchants National Bank of Portland, Maine, was placed in
liquidation at close of business September 30; absorbed by
the Portland Trust Company.
The National Bank of Commerce of Natchez, Mississippi, was
placed in liquidation on September 30; to reorganize as a
June
Legal Tenders.
July
1.
August
1.
Sept.
1.
Oct. 1.
1.
—
Deposits by
$
$
$
Insolvent banks
161,139
150,037
131,687
157,287
206,189
Liquidating b'ks 14,185,059 15,713,001 15,286,256 15,872,224 16,189,700
Reducing under
Act of 1874. 17.697,172 17,176,252 16,919,331 17,430,291 18,316,72*7
State bank.
National Bank
Orrville,
— The charge of a receiver September Ohio, insolvent, was placed
27.
insolvent, was
2.87S — The Peoria National Bank, Peoria,
placed
the hands of a Receiver on October
6,379.
of
First
in
a Act of June 20 1874 and July 12 1882.
GOVERNMENT REVENUE AND EXPENDITURES.—
Illinois,
in
7.
APPLICATIONS TO CONVERT INTO NAT. BANKS APPROVED
First Bank of Crystal, North Dakota, into
of Crystal."
Capital, $25,000.
The
'The First National
Bank
The State Bank
of Syracuse, Kansas, into "The First National Bank
Syracuse." Capital, S25.000. Correspondent, George Getty,
Syracuse, Kansas.
The First State Bank of Cold Sprint', Minnesota, into "The First National
Bank of Cold Sprins." Capital, $25,000. Correspondents, -.Barnes
Brothers, Bankers, Minneapolis, Minnesota.
The White City State Bank, White Citv. Kansas, into "The First National Bank of White City."
Capital. S25.000.
of
BANK NOTES— CHANGES
will be
found in our issue
of October 15 1904, page 1621.
1904, page 1621.
RECEIPTS AND DISBURSEMENTS
03
CD CD
CO CO
CO"
r» ra
cc
'
Co
Navy
isburscm
!
OO^
"a
',
!
»i
'
»
'
19C
COCO
Legal-
Bonds.
1
I
>
Total.
tenders.
s
•
,
1
Ij '/'iltenders.
Bonds.
,
1
1
30..
31..
July
31-
June
30..
31..
April
30
.
.
.
.
.
.
ch.31
.
.
3131-
Jan.
Dec.
Nov.
Oct.
$
S
$
810,800 34 ,663,714 481,688 526 34 ,663,714 516 ,352,240
.134,202 478,786 165 33 .434.20-' .".IJ ,220,367
176, 938,290 32 ,355,624 171,615 771 32 ,355,62
,971,395
168 066,940 33 ,050.392 462,669 11
33 ,050,39
,719,806
s
461, 150,2
,088,420 456,239. 096 32 ,08S,4-''i
,327,516
452 855,790 32 ,097,179 449,147
,097,179 181 .-'1 1,945
440, OOO.s'io 31 ,078,766 444,870
7(1 3
,078,766 17.",
HI 788,140 30
438,370, 084 30 ,833,756 169 ,203,840
Is!
182
:
:
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U.S. Bonds Held Sept. 30 1905
Secure-
to
I-ui.hr Depositsl
Bank
Total
in Banks.
Circulation.
Held.
— O—
— IO
to-
—
/
CO
-
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Dirt, of Col.. lf)24.
Hawaiian Islands bonds.
8
-..-'2.000
8.971,900
2. 13.-,..V)0
',,414.700
5,943,300
35,387,900
1,332.000
,033,000
$
5,89
24,466,260
2,136,600
- 4*666
9,788,700
10,523,740
4,680,440
460,302,100 496,760,000
1,332,000
16,494,350
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and t4.7H..kjj ,„ 1904, t6.129.fl03 I" AugUBl 1908 Hid $.'>.l 17.f,t»7 in I0(H. and
r
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inrimie
in iuo-i ,„.,„,.
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urrhase
«M.';iiO.0(K) paid on account of Panama (anal and loan to Louisiana
oui-iana
urcba»e
lax' IneUlmenl "i the loan to the
Exposition Company. The
Exposition Company was n-pnld lo the (iovcrament on November lj 1904.
\W11.I1
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Bonds on Deposit
Septemfjer 30 1905.
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Interna Custom
Miscella
I
CO
1
For full explanation of the above table see the issue of
Dec. 14 1901, page 1232, first item in Financial Situation.
The following shows the amount of each class of bonds
held against national bank circulation and to secure public
m
~~
a
orai
c <.
.
-u
Cc
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190
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in national
.
•
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COO
I
529,0
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901 31 ,614,952 167
433 928,1 JO 3 2 ,952,371 431,841,
:7I 164 ,794,156
',70 127. '1 17, 505 32 ,731,570 460 ,679,075
30.. .431 075,840 32 .731..
31..
644,790 32 ,750,919 •124, 7,30, 581 32 ,750,919 157 ,281,500
moneys
i
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.
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o
Civil
Indians
an
..
-
1904-05.
Interest Pension
.
r
—
CD CD 5,
1
Navy War
c
Indians
Interest Pension
•
Circulation Afloat Under.
H
Civil
War
-, -,
P.O.
Receipts
Receipts
H
o
CO CO
CO CO
oo
*C1
(000s omitted).
b
b
55
1
ders on Deposit for
Bank Circulation.
we
Government receipts and disbursements for the month of
September. From previous returns we obtain the figures for
previous months, and in that manner complete the statement for the nine months of the calendar years 1905 and
1904.
For statement of September 1904, see issue of Oct. 15
I
Bonds and Legal Ten-
of the Secretary of the Treasury,
are enabled to place before our readers to-day the details of
give below tables which
show all the monthly changes in Bank Notes and in Bonds
and Legal Tenders on Deposit. The statement for September
1904
Through the courtesy
AND IN
IN TOTALS OF,
DEPOSITED BONDS, ETC.— We
32,088,420 33,050,392 32,355,624 33,434,202 34,663,714
Total
INSOLVENT.
.fjily
1
THE CHRONICLE-
1152
TREASURY CURRENCY HOLDINGS.—The
—
Receipts
TREASURY NET HOLDINGS.
Aug.
—
S
224.372,884
30,254,962
41,425
15,249,241
17,222,511
13,070,177
823,109
Net silver coin and bullion
Net U.S. Treasury notes
Net legal-tender notes
Net national bank notes
Net fractional silver
Minor coin, etc...
at
1
222,318,475
94,721,130
231,812,089
94,988,396
Available cash balance
129,865,731
127,597,345
136.823,693
a "Chiefly disbursing
balances."
I
Febru'ry
March..
April...
May
June
July ...
August
60,787.016
66,183,435
70,546,661
58,243,120
55,266.731
50,092,465
51.186,889
64.208.572
1904.
$
$
42.508.066
38.180,015
47,289.626
49.178,410
42.365.553
45.961.292
40.185,484
48.845.396
Month.
Imports
1905.
New
Richmond
Newport News
New Orleans o
Galveston
Montreal
Mobile
45,350,536
39.210,736
43,569.116
41.092,679
36.404.9S8
39.322.465
35,656,730
39,594,990
S
January
Febru'ry
March .
April...
May
June
July ...
August
Total.
$
Total week
1904...
314.401
610,959
3,333,176
1.151,484
207.609
763,140
469.424
413,224
9.112
174.926
257.674
218.934
1,152.086
712.309
155,369
243.588
7,323.212
8,993.998
38,339.060
S
14,708,884
14,506,985
14,913,203
13,108,256
12,109,942
13,324.948
12,991,148
15.015,971
—
Silver
—New
Imports.
Co
70
130
& Wat
Co.,2dpref. &$89.90Gas
L. & Wat. Co. conv. certf 13
15 National Park Bank
496 J^
55 Amer. Trading Co., pref.. 60
New
Orleans for foreign ports
41.456.013
2.737.240
3.526.116
103,448,736
13,843,146
40,151,822
1,702.183
3.498.637
...159.177.709
115,414,700
206,132.817
162,644,524
Barley
Total grain.
Wheal,
—
Corn,
Flour,
bush.
bush.
440.965
209,606
42,856
43,356
62,649
6,409
26,072
60,716
26,031
5,771
7.291
3,768
28,051
3,138.865
3.567,990
3,059,023
1.480.767
2,416.719
3,770,032
2,781.016
3.676.154
74.978.279
3,200,257
23,890.566
$
"¥.148
32.009
512,589
.177.765
Total week
July
is
1
546.048
118,996
210,000
509,565
bush.
Barley,
bush.
Peas,
bush.
9,306
1„0,707
16,596
17,142
60
2.070
39,521
2,250
282.867
919,189 206.338 1.429,650
852.835 183.542
152.027
17,142 430,170
37,036
9.366
7.780
week and
since
172,758
4.500
935.195
Same time 1904... 69.687
The destination
Rye,
Oats,
bush.
bbls.
136.986
47,795
Orleans
Galveston
Montreal
Mobile
$
325.706
226,314
655,043
788.386
508,220
238.130
484,575
173.883
81,3.87.387
The exports from the several seaboard ports for the week
ending last Saturday are shown in the annexed statement:
New
S
812,454
636,285
2,863.058
19.278.579
41,678,667
890.662
535.552
8.283,022
com-
to October 7
77.026,061
Newport News
1905.
1
33,059,068
42,499.796
36,721,434
2,483.615
650.787
Rye..
1,571
of these exports for the
as below:
Week
1905.
bush.
bbls.
bush.
942,202 406,922 4.155.597
375.631 495,675 2,047,616
Oct. 7.
1905.
bbls.
132,017
25,502
So. and Cent. America. 21,989
22.541
West Indies
325
British No. Am. Colonies
3, 964
Other countries
1
Oct. 7.
210,625
298,914
40,112
38.801
32,589
9
32.589
27
206,338 1,906,285 935.195 6.235.829
183.542 1.914,432 69.687 4.735.597
Total
Total 1904
Sincf
Week.
July
Oct. 7.
since July 1 to
United Kingdom
Continent
-Corn-
-WheatSince
July 1
-FlourSince
Week.
22 Lawyers'T.Ins.&Tr.Co 342.350
3 N. Y. Life Ins. & Tr. Co. 1090
1 New York Law Institute. .105
bush
450.652
453.543
200
14,794
July
1
1905.
bush.
7,923.329
6.820.671
104.745
356.116
37.917
14,398
919.189 15.257,176
852.835 8.882.009
Bonds.
$7,000 North. Union Gas Co.
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, October 7 1905 was as follows:
Wheat,
"
Galveston
Montreal
Toronto
The following dividends have been announced
Per
Company.
Railroads (Steam).
Jersey (quar.)
New
Street Railways.
Columbus (O.) Ry., pref. (quar.)
Grand Rapids Ry.. pref. (quar.)
Lincoln (Neb.) Traction, com
MUw. Elec. Ry. & Lt.. pf. (qu.) (No. 24)
Montreal Street Ry. (quar.)
Light
Banks.
Produce Exchange
Miscellaneous.
American Dist. Tel. of N. J. (quar.)
Edison Elec. III.. Boston (qu.) (No. 66).
Greene Cons. Copper (No. 14)
Harbison-Walker Refractories, pref. (qu.)
Pacific Coast, com. (quar.)
1st preferred (quar.)
2nd preferred (quar.)
Railway Steel Spring, com
Michigan State Tel., pref. (quar.)
Railw ay Equip. Cor. (monthly) (No. 891
When
Cent.
Payable.
1
Inclusive.
H
w
2H
1W
2H
1
1
Oct. 18
Nov.
Nov.
1
1
Holders of rec. Oct. 16
Holders of rec. Oct. IS
Oct. 11
to
Oct. lfi
Oct. 21
to
Oct. 31
Oct. 19
to
Nov. 2
Oct. 15
to
NOV. 2
Oct.
Oct.
Nov.
Nov.
16
31
2
2
•to
3H
Oct.
16 Oct.
1
Oct.
2H
Nov.
Nov.
23 Oct. 15
to
1 Holders of rec
30 Oct. 24
to
20 Holders of rec
1 Oct.
18
to
1 Oct.
18
to
1 Oct.
18
to
19 Oct. 11
to
1 Oct. 15
to
Oct.
10
4
Oct.
IK Oct.
1H Nov.
IX Nov.
1H Nov.
m
m
2
Oct.
10
to
Oct.
31
Oct. 10
M
Oct.
Oct. 14
Oct. 30
Oct. 10
Nov
Nov
Nov
181.000
1
1
1
Oct.
19
Nov
1
Barley,
bush.
105,00
193. .v.0
37,000
294,000
134.000
13.000
1,238,000
521,000
148,000
1.629.000
92,000
229,000
109.000
127.000
1*9*9*666
Chicago
"
afloat
3,512,000
2,048.000
4,843.000
235*666
Milwaukee..
175,000
43.000
274.000
Buffalo
"
afloat
Toeldo
..afloat
Books Closed.
Days
1^,000
372,000
1,242.000
953.000
Rye,
bush.
Detroit
"
afloat
week.
Nov.
2
X
this
1,670,00c
42,000
10.000
128,000
9 ..00
7.000
78.000
Oats,
bush.
afloat
Philadelphia
DIVIDENDS.
425,000
167,000
216,000
334,000
165,00"
465.000
199,000
10.000
647,000
Boston..
95
50
bush.
512,000
New York
Elec. Co. 1st ref. 5s 1931.
$200 Lotos Club, income 6s
Corn,
bush.
M. & N
108%
$10,000 Quebec Jac.-Cartier
1st 5s, 1927;
NewOrleans
New York
63,647
25.040,190
'8,687.708
48,772,475
5,890.123
787.213
.bush.
Corn
Oats
Baltimore
&
75,900
4 450
273,912
2.250
Stocks.
40 Quebec Jac.-Cartier Elec.
Toledo Rys.
69.000
7,700
107.175
4,500
142,000
137.400
598,870
1,565
2.379
65,266
5.350
1902.
16,395,797
Wheat
Baltimore
—Among other securities the following not
2 Gold Car Heat. & L. Co... 150
15 Bowling Green Tr. Co
215
Central of
47,675
54.596
05.993
39.754
1903.
16.218.104
Philadelphia
Exports.
1905.
Stocks.
of
bush.
28,900
1904.
13.235.278
..bbls.
Boston
York.
regularly dealt in at the Board were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
Name
Ryt.
Barley,
bush.
1905.
9,131,516
Flour
—
10 American Meter Co
2 Macon (Ga.) Gas L.
Oats.
bush.
bush.
Total receipts at ports from January
pare as follows for four years:
York.
Exports for week and
Auction Sales.
61,587.288' 17,480,807 1,914.477
53.340.020 18.232.095 1.878.890
35,851.072 16,047,508 1.700.414
435,870 1,360,288 1,151.722 2.718,700 251,547 103,400
210.219
913,289 1,035 586 67.864 21,902
322,334
Exports pom
New York
1904.
$
15.068.907
14,647.636
2.292,099
1,136,912
115.739
3,908,573
1.041,294
127,900
292,606
273,536
2lo,233
611,575 1,313.800 140.400
130.001
205,854 46.700
81,945
355,394
800
452.810
110,406
28.820
34.330
1,571
silver for the eight
York.
1905.
6.965.608 3,893,727
4 941,403
4,306,605
4,459.362, 3.191.301
bush.
274,000
36,640
Week
1904.
$
15,848,906
14,597,442
15.781,79b
12.530,157
12.696.300
13,142.232
14.538.880
17.507,282
Exports.
1904.
|
O.oOO
16.000
120.000
o Receipts do not include grain passing through
on through bills of lading.
1905.
The imports and exports of gold and
months have been as follows:
New
115.000
128,000
279.200,
Corn,
bhls.
168.144
41,590
66,888
77.210
4,175
26,031
13,621
Baltimore
Total. 476,514.889 406,732,880 354.513.842 320,209,240 116.643,001 110,679,337
Gold Movement at
Wheat,
Flour.
—
Receipts 0}
January
36,076,119
33,087.205
39.844.162
220,652
466,000
48J246
71,560
17.600
Customs Receipts
York.
1905.
$
51,497,193
57.437,869
56,382,380
50,361,125
47,324.244
48,254.991
42,676.639
52.798,439
63.789.540
62.527,790
50,002.899
Philadelphia
Exports.
1904.
4.227.850
3,650,754
4,268.510
123.547|
101.184
001.125'
1,004.755
684.640'
1.
Boston.
two seasons.
at
$
3,007.413
1,879,513
3,144,234
'03!
Receipts at
department, made up from weekly returns, we
following figures for the full months, also issued by our New
York Custom House. The first statement covers the total
imports and exports of merchandise and the Customs receipts
1905.
9.239.072
7,860,618
6,796,940
'04
New York...
give the
New
305.000
291.000
615,431
503,993
441,783
473,206
1.773,140
183.200
74.619!
Total receipts of flour and grain at the seaboard ports for
the week ended October 7 follow:
FOREIGN TRADE OF NEW YORK.— MONTHLY
STATEMENT.— In addition to the other tables given in
ot
07.931
28,170
499,970
10.400
1,202.000
Tot.wk.'OS
Net cash in banks, Sub-Treas. 220,722,050
liabilities. a
90,856,319
Imports.
92,000
Kansas City.
Since Aug.
1905
1904
1903
Merchandise Movement
19,987
37,820
79,000
2,349,1251
4,132,970
1.C48
163,257,635
64,618,584
3,935,870
Month.
151,000
.
9.400
153,769,532
64,059,172
4,489,951
of the last
.500
84,360
28,850
Cash balance in Sub-Treasuriesl51 ,034,309
65,715,119
Cash in national banks
3,972,622
Cash in Philippine Islands
months
1 1 1
Detroit
Cleveland
St. Louis
Peoria
Same wk.
Same wk.
for the eight
..
Minneapolis
Toledo
313,257,635
150,000,000
this
Rye.
Barley.
Oats.
00 IbsAbush. 50 lbs. bush. 32 lbs. bu.sh.4Wbs. bu 56 lbs.
492.000
1,361,700
3.109.801
1,092.032
90,000
27.550
215.800
809.300
306,100
43.200
228,673
Milwaukee
Duluth
303,769,532
150,000,000
officers'
Corn.
Wheat.
Flour.
Chicago
Total cash in Sub-Treasuries.. 301, 034,309
.150,«00,000
Less gold reserve fund...
Deduct current
—
bbls.\W>lbs. busk.
1905. Oct. 1 1905.
8
$
235,465.527 263,331,814
13,106,180
22,679,999
30,142
63,747
10,342,090
13,141,905
16,101,921
20,100,441
9,706,256
11,664,151
639,232
653,582
l905.Sepl.
1
Vol. lxxii
Breadstuff s Figures Brought from Page 1200. The statements below are prepared by us from figures collected by
the New York Produce Exchange.
The receipts at Western
lake and river ports for the week ending last Saturdaj' and
since Aug. 1, for each of the last three years, have been:
following
compilation, based on official Government statements, indicates the currency holdings of the Treasury on the 1st of
August, September and October 1905. Statement for corresponding dates in previous year will be found in our issue of November 12 1904, page 2129.
Holdings in Sub-Treasuries
Net gold coin and bullion
|
" afloat
Ft. William
Pt. Arthur
-
*
249*666
1.000
"
T666
6*666
5*93,66*0
-
1,388.000
721,000
2.233,000
Duluth
*'
2*8*2*666
25,000
1.898,000
207.000
1.436.000
2.667*666
1,893.000
73*666
31.o00
2.939*666
568.000
65.000
28,000
061,000
4,000
'ilio'it
Minneapolis
St. Louis
'.'.'.111'.'-'.
" afloat
Kansas City
-.
Peoria
Indianapolis
1,445,000
3.000
439,000
64.000
3u.0u0
34,000
105,000
1,266,000
64,000
5,000
1.000
1,000
On Mississippi River
On Lakes
On Canal and River ...
2,697,000
184.000
844,o0u
103,000
525.000
688,000
9b"666
34.000
2,011.000
99.000
7 1905.. 20, 760,000
46,260.000
5.774.000
4.555.000
8,398.000
2,541.000
20,721,000
18.876.000
22.538,000
6.821.^00
8.3o6.000
1.435.000
1.301,000
1,499.000
968.000
1,089,000
5.198,000
3,942,000
5,302.000
4,059.000
2.831.000
Total
Total
Total
Total
Total
Oct.
Sept.
Oct.
Oct.
Oct.
3<,
1905.17,905.000
8 1904.. 20,797.000
10 1903.. 20.868,000
11 1902. .26 111,000
.
1
Oct. 14
o
1
1
THE CHRONTOLB.
I9i i5.
—
New York City Clearing House Ituuks. Statement of
eonditioo for the week ending Oot. 7, 1905, based on average of daily results.
He omit two ciphers (OO) in all cases.
BANKS.
Surplus.
Capital.
Loans.
Sptci*.
Legals.
$
*
1,600,0
2,397.0
1,528.7
1.854.0
2.307.7
*
Deposit*
00s omitted
He.
Sve.
ur>3
New inrk City, Boston ami Philadelphia Hanks.-— Helow
a summary of the weekly returns of the Clearing House
Banks oi >Jew York City, Boston and Philadelphia. TI10 New
York tigures do not include results for non-member banks.
is
(IV
Capital a
MM.-
V
omit two ciphers (OO)
Loans.
Surplus
.S'/VCO'.
all these figure*.
1/1
Deposits.)
/.ll/llt.S
tit-n
.
Clearings.
la t ton.
Y
Sop 16 266.133.6 10858219 202.176,2 76.5 18, 10963532 63.696.6 .656.951 ,3
Sep 23 •250.133,6 10764406 200.454.4 75,679.6 10831958 63,712,3 1.696.274,0
Sep 30 2: 0.1 33,6 07 6303 2 01. 606. o 70.O5O.3 080 1661 51,060,1 1.608.904,7
Oot 7 256,133,6 10597409 196,038,4 74,063,'. 10692617 ..4,14-2.4 2,049,168.4
t
1
Bk. of N.
M.inli.U
CO
.
Meivlwinls'
Wf. -Ii.hu.
$
9
2,632,1 17.254.0
2,490.9 26,368.0
1-453.3
1.379.7
3.384.3 20,965.0
8,776, ti 22,726.9
.'•..•-7.0
223,8
18.C60.0 170,576.4
7,806.5 24.040,6
5,844.1'
362.2
8,930,2
2,669.8
130.8
6.204.0
3.(7.2
3,987.2
668.4
4.4 4 9.6 28.246.0
12,15> ,2 144.238,1
4,293.3 21,671,7
3.617.9
8244. V
6,200.9
1.057,2
2,283.1
431.9
1,924.9 13.967,6
6,891.2 49,2533
7.511,0
1.081.2
576,7 18,202,9
321.K
3,293,3
6.923.4
1,381.9
7.141,0
441.1
3,216,9 31.318,0
9,050,3
1.097,0
6,632,3 23,490,0
7,221,6 67,184,0
1.270.9
111,4
3,935,3 19,133.8
1.550.* 10.167.0
15.84S.6 96,889,2
8.502,2
889.4
3.345,0
769.9
4.894.7
7-3,5
4.292,6
546.6
4,64:1,6 44 373.8
10,072.3
1,735.1
3,201.5
740,4
2,807,8
898,2
1,454,4 13,113,/
7.446,6
1,303.8
2.648.8
426,0
8,480,5
1,544,0
4.025,0
085,3
13,946.0
1,478,0
$
2,000,0
2,050.0
2,0011,0
-
3.000.0
.
America
1,500.(1
Phenu
1.000,0
25,000,0
300,0
600.0
1.000,0
300,0
City
Clifiinc.il
..
Merch. Bi
.
Gallatin
But. A: Drov
Mtvli ,v 1 v.i
70«.,0
500.0
Greenwich
Amer.Exclw 6,000,0
Commerce.. -5,000,0
Mercantile
Chatham
N
3,000,0
422,7
450.0
200,0
2,000,0
3,000,0
1.000.0
2,650,0
...
...
People's
America
Hmwift
...
Irviuu
CitufUH
1
..
N.i»*au
Mar.de Ku.i
50l),0
1,000.0
1,000,0
Shoe.tLthr
Corn Sxch
Oriental
;
2,001'
.
76
...
Imp. & Trad
Park
East Rivei
Fourth
Second
.0
1,600,0
3,000,0
260.0
3,000,0
300,0
10,000,0
First
NY.Nt.Ex.
Bowery ...
1,000,0
260,0
N. Y. Co...
200,0
760,0
1,000,0
100,0
200,0
200,0
3O0.0
1,000,0
260,0
©or man Am
Chase
tti Lh Ave..
German Ex.
Gerinauia
Gartleia
..
....
PUth
Bk.oC.Met..
1,000,0
side..
200,0
500.0
3O0.0
1,000,0
1,000,0
500.0
350.0
Wmi
Seaboard ..
IstN.Bklyn
Liberty
N. T.Pr.Kx
New
Auitt.
Astor
Total
...
635,6
4,4.>9,0
2,065.5
513,9
10,731.0
6.677,2
6.001,3
4.832.0
590,8
604.6
2,674.0
5,416.0
2,736,2
3.424,0
4,076,8
721,0
31.863.1
4.667.8
1.166,4
1,189,6
611,8
338.0
8.821.6
1,830,6
63:'.
1
676.1
77.2
612.0
483.1
1,672.7
9,464.9
1,361,2
376,4
944.9
270.6
1.704.4
4,998.8
629,0
689.5
4.472,1
26.610.5
3,691.4
227.6
67 9.2
372,2
1.246,6
10,102.7
1.401.6
3,232,9
303,1
1,203.7
1.795,6
6.777.0
1,081,7
3,760.0
33.f,0
1,369,6
466,0
606.6
434,3
4,011.0
*
P.O.
16,885.0 -'6-2
29.688.0 26-3
16,976.2 26-6
20.1154,
24.705.1
4.368.0
166,267,2
23,008,6
6.517.6
6.010,7
2.764.2
6.672.0
4.364.7
21,237.7
129,836.5
18,622,4
:;<*
24 -a
26 3
-'8 -'
J7-6
264
213
21 8
26-8
'28-9
24 6
24 3
259
.'4
26
1,029,0
766,0
212.8
11,003.4
2,533,8
1,857.5
377,1
180,0
412,3
725,0
649,6
6^9,0
^HP
1,583,3
2,007,2
308,0
127,4
433.4
368,0
658,7
1,816,5
743.0
2.314.0
578.0
1,896,9
1,103,1
713,4
984,0
1,314,0
739,0
260.0
415,1
757,5
181,0
1,461.9 24'2
2 2,180,7 267
10,606,0 2-2-0
85,358,0
237
S.029,1' 26-2
3,771.0
197
6.906.
4,216.1
51.165,2
11,237.6
3,790.3
6.696.1
13,988,1
7.050.8
2,757,7
9,717.2
•26-1
4,485,0
15,693.0
4,66 i.O
8,780.6
6,416.1
22-9
252
25-8
23-8
18-1
23 1
t
Reports
ot
7,
1905,
Loans
23 I
28-2
24-2
236
4,760,0 24-4
$8,495,100
Leg. J.
<L
Invest-
00s omitted
tal.
plus.
ments.
Specie.
the
the
$2,149,160
8.477.559
$2,319,910
8,27",790
$16,215,771
Jan. 1.
Dry Goods.
6109,151,544
General Merchandise 422,571316
$12,651,680
$10,026,719
$10,690,700
$93,272.74' 5103,328,603
360.7i-7.369 363,882,944
$96,673,651
334.711,980
General Merchandise
Total.
.silted
Total 40 weeks
.11531,723,059
Aet
Other Deposit*
Agent. Bks.&c
Clear'//
EXPORTS FROM
....
Columbia
..
Consoi. Nat.
Fidelity
14th >treet.
Hamilton
..
Jerterson
..
Mt.
.Morris
Mutual
19 th Ward .
Plaza
Riverside ..
State
12th
23il
Ward
Ward ..
.
370,0
776,5
941,1
682,0
3,381,7
5,55^,0
,000,0
.050,5
4,164,7
200,0
500,0
200,0
400,0
250,0
200,0
200.0
100,0
100,0
100,0
200,0
100,0
760,0
872,9
128,9
91,2 4,633,2
140.3 4,292,9
392,0 3,259.0
145,3 2,768,8
264.4 3,608,3
215.7 2,450,0
268.7 3,316,0
100,0 1,558,6
968,7 10.447,0
137,4 2,126.0
119,3 1,722.8,
618.2 7,261,1
171.2 2,246.0
306,0 2,745.3
224,9 2,969,0
291,3 3,61 3,y
1,133,8
201,
100,0
200,0
100.0
100,0
300.O
1
Cnion hxch
United Nat. 1.000.0
Yorkville
100.0
800.0
Metrop'lH'n 1.000,0
84tli Street.
200,0
..
Coa.ifc l.Nat
Borough
150,4
133,6
70.3
294,
14.6
26,6
31,4
73,9
307,0
383,0
17.7
142.9
209,1
7,2
144,4
27,7
30,6
376,0
16.3
622,0
33,0
36,5
31,6
25,2
340.6
250,0
38,5
46,3
238.5
171.1
133,5
108,4
263,9
169.0
178,0
110,0
313,0
200,0
58^
1923
15.9
228,2
35,8
622,3
221,4
227,7
405,4
75,6
61,0
25,6
436.8
697,0
225,0
97,4
416,6
92,1
278.2
250,0
198,4
614,3
347,0
81,9
169,0
242,0
386,2
816,7
66,8
230,4
625,7
222,7
124,8
14.6
61,2
168,0
3,7
25,0
"40,0
276,7
84,9
56,6
56,9
19. J
i'o'0.6
654.0
86,0
121,7
86,1
224,2
44,2
403
27,9
1,010,1 11 $4'. 7,2 11,547 .•8431,385,631
NEW YORK FOR THE WEEK.
1905.
For the week
Previously reported..
Total 40 weeks
1904-
•t>9.836,670
397.805,205
1903.
170,9
72,7
678,.
9
619,6
803.6
675,6
4,146,4
6,158,0
2,466,8
880,2
5,188,4
4.739,4
3.260,5
3,286.3
3,711,1
3,026,4
3,754,0
1,669,0
11,493,0
2,694,0
2,409,3
7,328,4
1.269,9
3.196,6
3,744.1
3,5173
1904
$407.640.775 $374.997,01. $387.669.806 $373,440.746
and 1903.
EXPORTS AND IMPORTS OF SPECIE AT
Week.
ttreat Britain
NEW YORK
IMPORTS.
Since Jan..
Week.
J
$1, 506
25,352.566
Kran ee
tjerniany
West Indies
i 2,1
Since Jan.
65,693
645,048
5,155,221
88,800
7,500,000
1,700
3,039
72
2.810
S.OOi
$2,000 $38,106. "8"
16,400
73,925,673
10,760
82355,718
Total 1905
Total 1904
Total 1903
1.
$4,100,824
4,266.136
554,703
765,079
223,731
1,191,509
140,731
$2,718,262 $11,242,713
99.982
6,994,928
65,606
4,101.367
Silver.
Great Britain
$603,107 $26,033,277
638,335
12,892
140,860
809
4,000
687,499
France
Mexico
South America
All other countries
$100
it
$13,166
20
71.178
81,740
26,635
82,316
9.657
$603,916 $27.426310
31,040,634
464,591
308,426
23,610,623
Total 1905
Total 1904
Total 1908
1,935,625
1,484,302
75,845
90,790
28,886
30.758
$3,530,736
771,284
1.244.979
Of the above imports for the week in 1905 $4,510 were
American gold coin and $32,415 American silver coin. Of the
exports during the same time
were American gold
coin and
were American silver coin.
—
Auction Sales.
ol
$11,627,177
361.913,669
Notk.— As the tigures ot exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending Oot. 7
and since Jan. 1, 1905, and for the corresponding periods in
1,129,2
6,7
1902.
$12,692,715 $12,727,455
362,304.302 374.932,361
South America
*
Chelsea Ex.
Colonial
K45
of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 9, and from January 1 to date.
The imports
2,000
Wash. Hms
Century ...
1902.
$2,331,454
10.220. 132
Deposit with
N. Y. CITY.
Boroughs oi
Afand.-hr'ni
191)3.
EXPOU'lU
iBank
Notes.
1904.
*2,975,61o
12.240.161
Gold.
Sur-
134.185.0
141,483,4
166,346.7
1906.
We omit two ciphers (O0> in all case*.
Capi-
268.920.O 12,866,0
264. '6'..
12,940,0
FORE ION IMPORTS.
For week.
231
based on average of daily results.
BANKS.
26-1.249.0 12,936.0
60,699,0
67,603.0
24 8
6,875.1' 21-3
Non-Member Banks. —The following is
condition of the non-member banks for
statement of
week ending Oct.
63. 6" 2.0
17.206,0
Imports and Exports for the Week.—The following are
the imports at New York for the week ending for dry goods
Oot. 5 and for the week ending for general merchandise
Oct. 6; also totals since beginning first week January.
24-/
t
sits included,
135,815.4
134.616,5
171,380,9
24-7
i
115.972,7 140.160,8 10597409 196,038,4 74,063,2 10592617 25-4
Total United states dep<
7.566.0
7.660.0
7.537,0
I
-6-1
8.7.(4.5 17-8
1,712,3
6,818.1 221.919.0
5.672.1 •210,649.0
6,311.( 22J, 168.0
Including tor Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounteu on October 7 to $1,376,000; on September 30 to $1,3*8,000.
23 9
20.486.0 24'8
76.-86.0 25-5
18.14&3
17,933,0
17, 33-2,0
48,836,0 224,779.0
48.835.0 298,813,0
48.836,o 223,29-2.0
3
478,3
193.7
4,172.1
617.0
42,167,5 191.031.0
42,107.5 189,338.0
42,167,6 190,068,0
1.
1
Sep 23
Sep 80
Oot 7
247
201
1,327.0
4,161,0
160,6
1,753,8
1,720.0
2,118,8
315.2
217.0
614.0
16,v;6.',o
How.
Sep '23
Sep 30
Oot 7
1
1
27 'I
27-1
3.810,1' I.V8
6,2 28,2 24'4
2.607,8
12.1"1.1
68,192.4
7.111.0
18,602,6
3,806.2
6.924.8
9,324,5
39,041.0
1
1
'
.
m
—See page preceding.
Brooklyn.
Borough ...
Broadway .
200,0
150...
Brooklyn
..
30O.0
Mtrs.'Nat..
252,
Mechanics' l.OoO.O
Nassau Nai 300,0
Nat. city ..
3iRI,0
North
Mite.
Peoples
17 th
Ward
.
Union.
Wallabout
.
100,0
100,0
100,0
300,0
100,0
1,927,8
114.1
364,8 2,735,4
164,0 1.9*7,2
628.0 3,*84.7
773.5 10.460,9
788,7 5.365,0
592,2 3,401,0
187,9 1,662.7
200,9 1.99^.3
822,0
101,0
197,9 5,542,0
978,2
101,4
42.6
16.7
104,0
337,2
339,0
249,0
150,0
26,0
104.4
10.5
141.0
68,5
164.1
199.8
58,1
178,6
278,0
211.1
564.1
141.9
645,7 1,331,4
388,0
729,"
320,0
619,0
145,3
2,235.4
92,1
23,5
2.9 6,7
171,'t'
4.1 /t',0
1.732.3
2.250,0
1.017.9
6 697,0
1,086,0
Hudson Co
National
.
Second Nat
Third Nat..
400,0 1,103,0
6.169.0
167,5
Spencer Trasfc
103,9
489,0
36.6
281,'.'
1.667.4
918.0
6.600.0
We transact a general hanking business; sell and purchase Investsecurities; Issue circulars describing short-term and long-term
liluh-grade bonds; execute commission orders upon the Now York
suick Exchange and In the financial markets of the leading cities.
We also have special representatives in all of the principal cities.
372.7
124.6
2.183 .8
Branch Office, Albany, N.Y.
lb7,l
93
9 11,1
466.6
26.1
1,953,9
180.2
366."
2.914.6
4 5,0
75.0
1,286.7
260,0
250.O
200,0
663.2
104,4
3o4,b
2.328.9
982.o
1.625,6
82,3
33.2
68.9
22,4
71,4
110,0
125."
6S3.4
2,783,9
1.365.0
164,0
45.4
40.5
39.6
Tot. Oct
1706
5-<.a
122370 139730 816222 5.903.5
4.i,3|143974 6,301.7 4 1 911
1223,i i.19732
02070 5.833.4 6.8 10.0 1346-il 6.402.3 U 1599
OU Sep iU 122370 139782 129208x15.786,7 6.63i', 61126500 7.016.- 141. .149
7
?ou 8<i. 30
Co.,
87,6
283,0
33.9
117,3
Inventmcnt BankerH.
ment
.1
1
I
i
William and
Moffat
Hohokex.
First -Vat...
Beconii Nat
&
161.6
122.9
202.6
660,0
149,0
99,1
124,2
55,1
JbkskyCity
First Nat...
faulting and ^financial.
2,103,6
297.0 4,987,9
181.2 12.414,7
6,069.0
6
&
I'ine St-.,
New
York.
White,
Member* New York Sloclt Kxchnnur.
•
NA83AU STREET.
HANOVER BANE BLIUUNG,
Dealer* In Investment SeeurillW.
CO.n.ttlHdlO.N OltUEltH KXECUr&O Willi OAtd ONLY.
THE CHRONICLE.
1154
y&ixuXizxz
For Dividends
see
7
[Vol. lxxxi
The
following were the rates for domestic exchange on
at the undermentioned cities to-day: Savannah,
quying 50c. per $1,000 discount; selling 75c. per $1,000 premium; Charleston, 12J^c. per SI, 000 premium; New Orleans
bank, 40@30c. per $1,000 discount; commercial, 65c. per
$1,000 discount; Chicago, 10c. per $1,000 discount; St.
Louis, 20c. per $1,000 discount; San Francisco, 30c. per
(fejetfce.
New York
page 1152.
Wall Street, Friday, Oct. 13 1905.— 5 P. M.
The Money Market and Financial Situation. The sen- $1,000 premium.
sitiveness of the stock market has been more conspicuous
State and Railroad Bonds.
Day by day fluctuations have been
than usual this week.
—
range being wider than last week. On
Wednesday, after a morning session during which the market was strong and a substantial advance had been made in
nearly all the issues traded in, the tone was suddenly reversed and an afternoon session of somewhat urgent liquidaThis change was generally attributed to
tion followed.
remarks made by a prominent bank official, at the meeting
of the American Bankers' Association at Washington, setting forth the possible danger of excessive speculation under
Whatever may have been the cause of
present conditions.
the change mentioned it was less operative on Thursday
morning. Yesterday the market assumed more nearly its
former characteristics. On some part of each day the offerings have been in excess of the demand, when prices yielded
readily, followed perhaps by a demand for certain issues, or
group of stocks, which gave the appearance of strength to
the entire market.
No engagements of gold in Europe for shipment to New
York have been reported this week and therefore the movement appears for the time being to have ceased. This fact
is not so surprising as that under the circumstances it was
maintained so long.
The maximum rate for call loans has been lower than that
of last week, and a large proportion of actual business has
been done at a lower level.
The open market rates for call loans on the Stock Exchaneg
during the week on stock and bond collaterals have ranged
from 3}4 to 6J^ p. c. To-day's rates on call were 5@6 p. c.
Prime commercial paper quoted at 5 p. c. for endorsements
important,
the
,
and
5@5%
p. c. for best single
names.
—
Sales of domestic State bonds
at the Board are limited to $5,000 Virginia 6s deferred trust
receipts at 15^.
The market for railway and industrial bonds has been
somewhat less active than for several weeks past, and in
many cases fractionally lower quotations are noted.
—
United States Bonds. Sales of Government bonds at the
Board include $4,500 4s coup. 1907 at 105 to 105^, $18,500
104
3s coup. 1908-18 at
1908-18 at 104 to 104^.
105^, $6,220
4s reg. 1907 at
% and $11,000 3s reg.
103%
to
Interest
Oct
Oct
Oct
Oct
Oct
Oct
Periods
7
9
10
11
li
13
"103 •?
•llO*..
•103%
Q— Jan
2s,
coupon Q— Jan
2s,
Q— Feb
3s, 1908- 1918. .registered*
coupon Q— Feb
3s. 1908- 1918
'Q- Feb
38,1008- 1918, small. coup Q—
Qregistered Q— Jau
48, 1907
coupon Q— Jan
48, 1907
.registered Q— Feb
4s. 1925
coupon Q— Feb
4s, 1925
1930
1930
regis tered<
This
is
1033s •10339 •H'3%
•103'..,
•103%
•103
1 04 %
*103
104 34
•10434
•103 "g
*1<3% •10338 1033a •103%
•10312 •103^ 104 s8 •103 ^
•104 "» 104 34 103% • 1 04 %
<
»]03
•103
•103
•103
•K>434 •104 34 *10434 105%
34 * 104 3 • 1 04 3
105% •104
4
4
•134% •134% •134 18 •134% •134>*
•134 h. 134% •134% •134 S. •134 H>
the price bid at the morning board; no sale was made.
.
*
•
'•i
*
'104%
104 Hi
•104 34
•104 34
•133%
'134%
—
The stock market
Railroad and Miscellaneous Stocks.
Fluchas been decidedly irregular throughout the week.
tuations have gener illy been wide, and in some cases covered an unusual range. The latter is true of Great Northern,
Northern Pacific and some of the anthracite-coal carriers.
Lackawanna at 489 showed a gain of 29 points and was 19
Central of New
points above its previous highest record.
Jersey advanced 63^ points on bids which brought out a lim-
Delaware & Hudson, when at its
ited number of shares.
highest, showed a gain of nearly 9 points, a large part of
which has been retained.
Great Northern continued strong,
The Bank of England weekly statement on Thursday as for some time past, until the announcement of an addishowed a decrease in bullion of £790,240 and the percentage tional stock issue, when it began to decline, and sold over
of reserve to liabilities was 41.47, against 38.60 last 9 points below Wednesday's highest price.
Northern Pacific
week. The discount rate remains unchanged at 4 per cent. declined 53^ point and recovered partially. North West,
The Bank of France shows a decrease of 16,225,000 francs made a similar record. Wisconsin Central has been unin gold.
usually active and strong on rumors of new or more definite
NEW TOEK CITY CLEARING-HOUSE BANKS.
east-and-west connections. Chicago Terminal has also been
a strong feature. The local transportation issues have been
1905
Differences
Oct 7
previous week
$
115,972.700
115,972,700
140.11)0.8110
134,643.500
Surplus
Loans & discounts 1. 05n,740.900 Dec 11.8P9.400 1,145.989.200
Circulation
54,142,4011 Inc
41,701.000
76,300
•1,069.261.700 Uec 21,803.400 1,205.276.000
Net deposits
6,467.6<i0
237.5ii3.500
Specie
195.1 38,4iK)
ec
76.452.400
Legal tenders...
74,063,200 Dec 1,vj87,1oo
Capital
269,101.600 Dec
26^.816,425 Deo
lieserve held
25 p. c. ot deposits
4,286,175
Surplus reserve
relatively steady.
some recovery to-day,
$
115.572,700
129.874.3ii0
913.101.500
45.714.800
897,615,1(10
171.063,700
69.917,200
8,454.700
5,300 850
313,955,900
30l.319,< 00
240.980.900
224,403,775
$8,419,500
Dec 3,153,850
12.636,900
16,577,125
—
—
Foreign Exchange. The market was irregular though
generally strong this week, influenced by a demand to remit
for the settlement of maturing finance bills and for stocks
Gold engagements, $2,650,000,
sold for European account.
which arrived during the week, and also $1,095,000 on
Saturday of last week, making $3,745,000. The gold import movement seems to be at an end; total received thus
far, $8,205,000.
To-day's (Friday's) nominal rates for sterling exchange
were 4 82 2 4 83 for sixty-day and 4 86 4 86^ for sight.
To-day's (Friday's) actual rates for sterling exchange were
4 8225 @4 8235 for long, 4 8565 @4 8575 for short and
Commercial on banks, 4 8175@
4 8625@4 8635 for cables.
4 8185 and documents for payment, 4 81%@4 8234Cotton for payment, 4 81^@ 4 81%; cotton for acceptance,
4 8175@4 8185, and grain for payment, 4 82^s@4 8234.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 20@5 19%a for long and 5 18J/gz@5 17 3^a for short.
Germany bankers' marks were 94%j@94 7-16 for long and
@
y@
95d@95
1-lGd.
Amsterdam
short.
for
bankers'
were 40 1-16@40 l-16d for short.
Exchange at Paris on London to-day,
25f.
guilders
15c; week's
range, 25f. 17J^c. high and 25f. 15c. low.
The week's range for exchange rates follows:
-Long-
-Short-
-Cables-
Sterling, ac.lual-
High
Low
4 8225
4 8175
H
8235
19^a
20<J
@5
German)/ Bankers' Marks
High
Low
94%
94 5-16
—
(3)94 7-16
®94H
Amsterdam Bankers' Guilders
High
..
Low
Less:
Plus:
I
5
|
5
I
—
\
I
a 1-16 of
k 1-16 of
1%.
1%.
8565
4 8515
—
Low
20ft
4
H 82
Paris Bankers' Francs
5 20
High
@>5
5
than
d 1-32 of
x 1-32 of
lS^x
18^ a
95
94«
40 1-16
40d
1%.
1%.
)4 8575
»4 8535
1)5
4 8625
4 8575
\iy,a
&5 18>|
l-16d
94 15-16
§95
§40
l-16fc
40
3-32 ot
V 3-32 of
ft
|
I
I
I
1%.
1%.
M 8635
S585
M
last
week.
Miscellaneous and industrial stocks have generally followed the trend of the market. Among the exceptional
features are American Locomotive and Steel Foundries,
which are notably higher. Colorado Fuel & Iron has declined nearly 2 points, and the United States Steel issues are
fractionally lower than the closing prices last week.
For daily volume of business see page 1164.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
United
States deposits included, against $8,495,100 last
week and l>23,218,500 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $6,391,050 on
October 7 and $9,563,800 on September 30.
Note. Returns ot separate banks appear on the preceding page.
*
Otherwise the active railway list, after
is an average of nearly 1 point lower
1903
Oct 1
1904
Oct 8
from
Sales
for
STOCKS
Week Kndinu
Amer
Amer
Oct 13
26%Oet 7 26^0ct
Beet Susrar
Dist Telegraph
Detroit Sou Tr Co ctfs.
Horn Silver Mining
Kanawha & Mich
NY4ii\ J Te.eplioue.
RR Sf curitie.t
il
300
..
31
100
ll 34 Oct
Oct 9
since
10
7
Oct 13
35
340ct
Jan
1
10
l-70Oct 9
34%Oct 12
ll
23% Aug 34%Mar
May 38 Jan
2
it
8
J'ne
1-65 Feb
500
9
100 34VJct 12
29 -May
175 168H.Oct 12 168'4 Oct 10 167 Jan
l-70Oct
.
cent'l
stick trust ceitiflcates
U
Range
Mange for week
Week
S Leatlnr
Preferred
12%. Sep
ls5Apr
Mar
39
1 74
Mar
10 97i4 OctlO 97^0ct 10
92 Jau lOO^Aug
30(i
11 Apr
13 Oct 13 13%Oct 13
14% Jan
800 111 Oct 12 114 Oct 13 100%Jan 114 Oct
—
Outside Market. The market for outside securities has
continued to broaden, but price changes have been decidedly
Chicago Subway,
irregular, with small declines the rule.
however, has been an exception and has experienced another
of its violent reactions. The stock opened the week at 55 3^,
dropped to 52 3^. On Thursday it
and after rising to 56
broke sharply to 49, recovering later to 53J^. It closed
Northern Securities lost 6J^ points from
to-day at 52%the opening of the week to 183, regaining part of the loss in a
The "Stubs" were quiet, selling between 362J^
rise to 187.
and 3873^- Interborough Rapid Transit opened the week
at 210, a loss of 334 points from last Friday's close, subsequently advancing to 213% and ending the week at 213.
Quite some activity has developed in Erie and N. Y. N. H.
&. Hartf'd "rights" this week, the former advancing from 4 to
63^ and the latter from 6% to 7. The rights to subscribe to
the new issue of Great Northern stock were traded in for the
Standard Oil gained 2 points to 671
to 37.
first time at 34
Central Foundry was in demand, the preferred selling up
from 22 to 24 and the common from 434 to 4%. A spurt in
International Mercantile Marine to-day carried the preferred
from 343^ to 36%; common fluctuated between 13J^ and
14%. The mining group, as usual, was active, Tennessee
and Copper Securities
Copper advancing from 34 J^ to 35
from 24% to 255^. Greene Consolidated Copper sold to-day
at 27J4» a S am °f 1M points from the opening of the week.
In the bond department American Steel Foundry 6s
advanced from 843^ to 85 J4Outside quotations will be found on page 1164.
%
%
%
1
4
24
•
9
New York
1
.
.
Exchange— Stock
Stock
orciu'YiM;
SlUtAA—HlUJlhUJ AM) LUWk.t>l SALK fKlt
J/onKdy
Sntn raay
1
Oct 7
W etinesdau
uesuay
Oct 10
Oct 11
Oct
.'{,1 III
88 4 88
89 %
88
•104 ^
K'4 4
102 4
186 V
1184
.
i
a
4 714
Ti
88
•-o
IT
a
i
86
65
-,
21%
81
S7'i
'874 8a%
Ts
•77
36
190
260
•l.'n
193
1~5
"190
•15
2oO
19(1
•19
»48
ia*4
1
234
'02 4 63 4
2i> 'a
475
,
83 4 88 *s
•15
21
•934 94
*15% i(j
34 4 344
•15
475
33 4 34 4
B8%
88
•15
BH
•15
•03
20
94
34
49 4
814
724
•72
•85
75
95
323
•56
67
48% 50
81
81%
72 4 73
•72
77
•85
95
72 =
77
95
«54
•33
•90
65
30
•65
.
•56
57
08
•33
"2*3" "23"
•91% 924
17y41814
284 284
58
63
36
57
57
854 85%
244 26 4
52 4 64 4
634
36
97
-35
74
92
•t<S
•33
*y4
30
97
•65
68
66
05 4 654
66
15i4153
152%1534 1504163%
1054 1054 16541674 165% 167 4
804 81% 814 82
804 81%
814 82
126% 120 4 1204l2?4 127 1274, 125 41274
25
264 244 254 254 254 244 25%
1634164
•140
74
102
145
74
102
140
14041404
103 4 104
334 3S4
084 lis *
1
104 4105
•148 152
-36% 37 4
«ly% 20 4
•
liy4li>04
644
64
•115
•84
•2o5
1-0
80
206%
53% 54 4
bo<-i 884
.
.
-90
93
208 4 20s 4
104 4*05 4
•101 110
loo 107 4
143% 1434
•Jo
40
•el
83
li2
•100
121%l23
02 4 03
•08 100
33 '4 33 34
70 4 7«4
•78
•
144
•140 144
•140 150
73
74 4 74 4
75 4
•98 105
103 103
140 1404 139 139
137 140
104
•1624164 -162 4165
32 4 32 34 -32 4 334
32% 33
07 34 68
67% 67%
67 4 67 4
103 4104 4 103^4 104 34 103 1044
148 153 •148 153 148 150
•30
37 4
37 4 37 4
37
37
•19
20 4 •194 204 •194 204
1484140 4 14941504 1484150 4
63 4 544
54 34 54 34
63 4 53 4
115 120 115 120
•115 120
•83
804 *$3
•83
86
86
206 4 206 4 206 20/ {206 4 20', 4
53 4 54
6 1 4
534,
63% 544
34 34 85 4
85 4 804
354 864
-90
93
•90
92
92
•yO
207 % 208
208 4 210
200 210
105 4 108 4 109 1094 106 1074
103 103
104 110
104 110
108 4100 •108 4 110
108 1094
14.3
143 4 14.3 41444 1124144 4
•37
42
•37
'37
42
42
101 1014
84
85
84
*fc3
81
81
•80
82
80
80
•loO 112
106 112
106 112
119', 1214, 121
122 4 120% 123 34
93
"J2
93
95
03
93
•98
994
99 4
984 98 4 99
32 34 334
31
33 4 33 4
33
7 'J
79 4
79% 793, 794 804
•
80
0.)
OJ
195
30
•78
69
135
80
•78
68 V 6J
185 198
30
80
•78
80
!
A IK
Hid
in
Banka
I
NEW YOBK
Aetna
1 37
America' ... 520
Au.er Lxch..
Astor
y Park
t
1
j
1
Themlcal
Utttsena'
,
530
9
;
.1
1
826
1
10
Bowery'
Bulcli'.i
Century
Colombia
l»i
•
180
'
'
Cn.iili.
Chelsea Eic"
105
i
1
Commerce.
'
..
i."rn
......
Fidelity*
Filth Ave'
,'i
1
Am'
'1,1.111
ECx'
.1
1
inch
10
1
8750
..
.
iu
1
I
a
urn
,«
'
1
.
,
kleobanics'
.1
J
1
19
..
laoovei
1;
,
riul
.
,
,11
eoli
.
10'
5
Mercantile
..
"I
.
,
nils'..
•lelrilUllllH
.
I
'
1
'
1
Bid
li.-lllll*
Motropoli'nll 180
-•l t Morrial ..
215
56
2-124 240
182 4
MutuaO,
^'.10
1
267
170
1
•
1
;
,0
272
175
New
lug
Deo
Nov
Not
Deo
",00
fctiversidell
Sealio
S05
ll'll
IU6
.,
.
..
,
'
Sold
it
,,i
irate
.
.••«
206
.1
-
--•
170
180
250
280
700
....
.110
700
210
iaoo
.
..•*•
172 4
;
1 1 1.
.00
.:.;
121 h
!60
-'»)•
2.1,1
I
'
m
4
.
I
,i
rili'lllX
I'la/.a'
L'rinl ExChl
All
Hid
ItanliM
Parktt98
L'eople'sH.... 290
205
350
19th Wanl"
Xurt li Amir. 2. di
135
Northern
lllil.
111
195
490
1300
193
Vnrk... 305
Oriental'
in ii-
ro
Ask
190
300
500
.Naaaauil
1600 1700 New Amster
322 4 13 S.4 Xcw York Co
27 2 4- N V Nat Hx.
62
L6
.
1
I
\
.
laiKi-t ,t K11,
'
ilamiil'iir
160
Liberty .
Lincoln
annai tan'
>[
100
160
Dial
j,,o
.2,
1
500
lariieiil
term in
'
-.
,-.h:i'snir ...
(
215
l-iiillth
170
Uinoea; uo atditM v/ero ium ou
a.UIL'C Or at auctlO'l tllM
Irving
I
ASK
Hut
IJaniis
Interboroll.. 145
I4tb >treol1,
loll
I2"2
ASK
Hid
340
770
UllllR-.
Hall. Ull,
:
23% Colorado <fc Southern
Do 1st prelerrod
02 4
43 34
Deo
Nov
Nov
Nov
Nov
IKUsT COMPANIES— BROKERS' 4>UoTA TlONb
.80
160
1
.
240
KiTer.
330
Oni
(
ICxchge
UlSCOl
;uii
Deo
Nov
Nov
249 Jan 31 1014 Mai 2 144
Jan 1< 205 4 Fob 1 207 Feb 2.(7
225 Jail 31 135 Mai 100
150 Jan
195 Jan 17 230 Jan 31 {105 Api 192
600
5 4 Aug 164
7% Jan 5 20 J'ne
3,730 174Jau 4 42%J'ly
114 Any 27%
2,100
J'ne 2 134 Kel) 2
8
4 J'ly 1 5 4
800 30% J'ly 22 64 Feb 3 29 May 48 4
500 90 Jan 14 111 Mai -21 084 Mav 93%
115 4 J'ly 26 121% Marl! 100 Feb 115
3,850 22 4 Jan 20 304 Apr20
13 4 J'ne 24%
350 62 May23 64 4 Feb 10 48 J'ne 03
854
Fn.si
|i, 1)
&
10*6*00 al'JO^.I'ne 9
34
pref
.
16')
.
Tonaolulated
"A."..
p. 0. pref.
Do 2d preferred
222% Delaware
Hudson
iS9
elaw. Lack.
West'n.
34% Denver c& Rio Grande
874 88
Do pref
Fifth
Ulty
Iron.
Colonial' ... 600
'.,
1
ASIC
C'oai ic
1
A
ctn
Bid
4400
1
06 4 Oct
fPeb
Fell
4,100 32 4 May 23 4 5 J4 sep 2
17 4 I'm 37 4 Not
•-18
220
10,100 1784 May22 "25 Aug22 149 Mai DO 4 Deo
cfe
470 490
1,400 335 Jan 25 439 Oct 18 250 4 t'eb 159% Deo
<ft
33
2,700 274Msy23 37 4 Sep 16 18 Mai 35% Not
33
4,210 834 May 1 91 Marl5
86
874
64 4 Feb 89 Deo
15 20 Des Moines & Ft. Dodge.
18 May22 28 4 Marl
19 4 Jan 27 Deo
400 784 Jan 2, 95%Aug2
93 4 93 V *91 34 94
60 4 J'ne 79% Deo
Detroit United
}1534 15-'.
1,790 ll%May23 174 Jan 21
5 4 J'ne 14% Not
16% 154 Duluth So. Shore <fe Atl..
2,635 21 May22 37 Jan 21
33 4 34 4
94 Aug, 284 Not
34 4 344
Do pref
164,719 37 4 May 2 2 52% Aug20 214 Ma? 41% Not
474 48 4 4K4 48 4 tT'ne
*804 81
4,100 74%May22 85%Augl5 654 May 77 Deo
J Do
81
81
1st pref
2,600 554Jan 3 78%Aug24 33 Ma> 58 4 Deo
714 72 4 72
72
Do 2d pref
•72
500 63 J'ly 6 75 Aug 11 64 J'ly 67 Deo
*72
77
77
Evansv.
Terre Haute.
•85
85 96
90 Feb 28 96 Aug 12 72 Feb 83 Not
95
Do prof
,'42
13,121 236 Jan 4 336 Apr 17 170 Mai 24 4 Deo
317 3184 318 320 Great Northern, pref
83 Feb 16 90 Jan 13 70 Aug 864 Not
Green Bay<fcW.,deb. ctf.A
"2234" 23*
149 17 May 2 2 244J'nel9 11 J'ne 20% Nov
deb. ctf. B
Do
600 15 Apr 24 254Augl4
24 4
23 34 24
Havana Eleotrio
300 50 J'nel5 74 Augl4
•714 72 '4 •714 72 34
Do pref
•88
•88
92
92
86% Jan 13 99 Marll 60 Mas 94 Deo
Hocking Valley
*914 92 4 *yi4 92 4
230 90 Jan 18 964 Mar 13 77 Mar 95 Deo
Do pref
3
10,081 162% Jan 25 183 Sep 28 125% Feb 159 Deo
1784 179 4 17941794 Illinois Central
2,000 24 May2
32 Feb 3 14 J'ne 33 Not
28
28 4
284 283, owa Central...
1,100 50 MaylO 584 Augl4 32 Feb 59% Not
6634 57
55 4 564
Do pref
900 81%J'nel9 864 Sep 29 64 4 J'ne 834 Not
•85
86
86
cts. pfd
25 25 4 •2 34 25% KC.Ft.S.<feM.,tr.
22 4May22 34 Feb 14 16 4 Feb 31 4 Not
1 ,925
ansas City Southern..
,
4,300 52 Jan 3 70 Feb 14 31 Feb 56% Not
624 624 •524 53%
Do pief
•33
•33
35
284 J'nelO 444Marl4 26 Mar 43 4 Dec
36
Lake Erie <fe Western
•95
*94
425 91 J'uel6 106 Marl3 85 J'ne 105 Oct
97
97
Do pref
{290 Jan 2o {350 Marl3 2245 Nov {300 Deo
L. Shore & Mich. South'n
800 50 4May22 7134 Aug23 46 May 62 4 Not
•64
65
65
68 Long Island
65,650 Z1344 Jan 25 157% Sep 23 101
Feb 148% Deo
150% 151% 1514152 4 Louisville <fc Nashville
3,400 161 May 1 175 Feh
16541064 •1654 1664 VI anliattan Elevated.
139% Mai 169 4 Not
17,840 73 Jan 9 91 Marl 7 724 Mai 96 4 Aug
80
804 80% 81 I'JLetrop. Secur., sub. rec.
44,800 114 Mayll 133 Aug 2 8 104% Mar 130% Oct
125 126
12534 126 4 Metropolitan Street
52,450 184May22 26 Marl3
5
Apr 23% Not
24 4 244
24 4 25 Mexican Central
140 150 150 Michigan Central
{130 J'nel4 155 Aug22 {119 4 Feb 150 Not
2,200 56 4 Jan 12 77 Oct 13 40 J'ne 67% Jan
77 Minneapolis & St. Louis.
74
76
74 4
400 86 Janly 104 Oct 13 80 J'ly 964 Sep
104 104
Do pref
3,70o 89 4 Jan 11 144 Sep 21
55 Jan 95 Oct
1364138
138 138 Minn. S. P. & S. S. Marie.
400 148 Jan 13 170 Sep L< 116 May 150 Oct
162 4162 4 •161 164
Do pref
8,300 24 May22 35 Aug30 144 Feb 36% Not
314 32 4 32 4 32% Mo. Kansas & Texas.
3,175 564May23 73 Aug 2 5 32 4 J'ne 654 Deo
67
Do pref
67 4
074 674
30,800 944May22 110% Marl3 87 Feb 1114 Deo
102% 103% 103V1044 Missouri Pacific
137 Jan 12 158 Apr20 1014 Feb 147% Deo
•148 150 •148 152
Chatt. & St. Louis
•36
36 37 Nash. Mex, non-cum.pl "300 33 4 May 3 45 Jan 16 34% Feb 45 4 Not
37
at.of
*19
17% J'ne'20 244 Jan 10 15% Feb 25 4 Not
20 4 19 4 204
Do 2d pref
147 34 148 4 1484 !*'•> N. Y. Central & Hudson.
3 6" 0*5*6 136% May22 167% Mai 14 1124 Mai 145 4 Deo
2,410 42 Jan 20 584 Sep 22 25 May 47 Deo
644 N. Y. Chic. & St. Louis...
534 64
64
•110 120 *112 120
114 J'ly2V 122 4 Jau 30 101 4 May 115 Not
Do 1st pref
83 86
.82
74 May 4 86 34 Oct 2 60 J'ne 73 Deo
86
Do 2d pref
460 2194 May 2 {216 Sep 21 {1854 May 199 Oct
205 207 N. Y. N. Haven & Hartf.
8,600 40% Jan 5 04 Mar3o 19% Mai 47%Oot
53
63% {534 514 N. Y. Ontario & Western.
11,600 76 Mayll) 83 4 Marll
63 4 Mai 80 4 Deo
84% 85 4 85% 86 Norfolk & Western
•90
92
91 4 Feb 21 90 Augll 88 May 95 Deo
*yo
92
Do adjustment pref.
11,804 165 Apr 24 216 4 Aug21
204 4 206 4 205-'4 207 Northern Pacific
6,200
84Janl7 10.14 Oct 10 51 Feb 82 4 Deo
106% 107 4 107 107 Pacific Coast (Jo
200 100 Jan 3 108 Feb 6 y5 J'ly lol Sep
103 103 *102 108
Do 1st pref
2,300 85 Jan 12 109 Oct 9 614 Jan 36 4 Deo
Do 2d pref
109 109
10S4108 4
115,059 1314May22 148 Aug24 1114 Mar 140 Deo
142% 143-4 143%1'434 Pennsylvania
-36
•35
40 Peoria & Eastern
27 Jan 26 48% Apr 3 17 Mai 324 Deo
42
100 77 Jan b 106 Feb 14 74 4 J'ne 814 Jan
101 101
Pore Marquette
305 78 4 J'ly 12 87 4 Feb 6 {68 Ma> 79 4 Not
83 4 834
Do pref
«80
82 Pittsb. Cin. Chic. & St. L.
200 70 May23 8734 Marl3 55 Api 80 Deo
82
105 Feb 17 112 Maris yO Apr 107 Deo
106 112
100 112
Dj pref
392,340 z79 Jan 13 125% Aug24 38 34 Mai 824 Deo
120% 121 34 120%12l 4 Reading
...
9334 934, "J2
92 34
1st pref
3,100 90 May22 97 Sep SO 76 Mai 92 Deo
•96
99
97 yy
800 84 Jau 5 1004 Sop 29 554 Feb 85 Deo
2U pref
3234 334
46,00o 24% .\Uy22 37% Jan 18
19 4 Mai 37% Not
324 334 Rock Island Company
Do pref
3,600 714May22 85 Jan 4 57 a4 Jan 86% Not
79
794 Z784 79
12
J'ne 2 194 Sep 16
Mai 18 Nor
Jt. JosephcfcUr'O Island.
9
>' Do 1st pref
100 40 4May24 62 4 ,-ep 1
35 Maj 60 Not
604 60 4
Do 2d pref
100 20 j'ne s 31% Sep 16 16 Jan SO Not
78 80 3 St. L.<feS.Fr„ 1st pref
73%May22 sl 4 Mar
{61 Mar 79% Deo
76
78
3*,
Do 2d pref
68 34 68 4
660 61 May20 73 4 Mar
394 Jan 72 4 Deo
08% 69 34
175 Jan 30 194 4 l'nel2 150 Jan 185 Deo
•185 195
195
C.& E. I. com stock tr ctl*
135
".",54*0
•23 4 24 4 •23% 24 4 St. Louis Southwestern
20 May 2 2 27 4 Jan 20
94 J'ne 2y Deo
614
Do pref
•004 014 oo
800 55 4 May 1 064 Apr J 3 264 J'ne 00 34 Deo
68% 69% Southern Pacific Co
106.950 57 34 May
72% Ke027 41 4 Mar 68 34 Not
07% 68 '4
Do pref
000 115 34 Jan 5 12141*^0 15 113 Sep 19 4 Deo
119 4 119% 11U4 119%
35
354 354 364 ssouthornv.tr. cfs. stmpeu 49,000 28 Mayl'J 33 Sep 22 184 Feb 37 4 Deo
Do pref.
994 9934
do
1,200 95 Apr 28 102 4 Sep -.
77 4 Jau 97 4 Deo
99 4 09 4
M. & O. stock tr. ctf s...
J7 Apr lb !00 4Augl4 90 Feb 98 Deo
Texas & Pacific
Maria 204 J'ne 38 4 Nor
>44 35
J4 4 344
6,600 29%Apr29 41
liAISKS AxND
n
1
87%
1
'•i
;
1
'.
'-.-
1
1
:,
I
iii
101
SO
69 4
09 4
68
195
»ls5 195
21V
2434
234
24
234 24
01-4
00 4
'4
00
Ou
61
61
61 a4
oy 4
88 4 89 4
694 89% 68 4 704
lH9»4 il20 12
J11941194 119 3'4 1194
30-4 30°b
35 H 3''
35 •* 304
35 4 30%
y«J4
•yy j4 1'jo
>.
99 <i
loo 100
•
99 4
98 4 99
•9s4 99 4 98 4 99 4
*35
35 4
34
3 4 •« 35
344 35
185
•24
01
oa
I
374 Jan
.
>»
|
Mar
91
Feb
ill
I
234
•234 24 4
•70
854 85 4
25
25%
954 964 •94
98
28
284
62
62
42 4 43
2.
•l«n 21
894 Nov
No»
Nov
104 4 B"eb 56
"'
724 Mai [05
98% Mar 9
106% Sep
170 Apr 94
117
AurI
00 Auric
,
Chicago Union Traction.
Do pref
Cleve. Ctn. Chlo. <fe St. L.
Do pref
121
Jan
4
2.
&
319% 325
322 4 326%
854 86
25 4 25 4
624 54
85
20
934
15% 10
34% 31%
343,
4s%
34
ss
93 4
134 154
81
488
121
12
43
100
'0
,1 11 11
llu/tielt
I.iiiiisi
1
Chio. St, P. Minn.
198
12
43
•98 4
117
28 4
62 4
43
220
486
34 4
43
•984 99
117
Do
(
llit/iicst
1
4 p.o. pref. "1!"..
Chicago Milw. & St. Paul.
Do pref
248
Hint)
t
1
prut
5
tor J'reoiovs
Y.nr
lots
1
200
Do pref
184 «8% Chicago Terni'l Transfer.
39 4 40 4
Do pref
12
12
-42
121
33%
Do
Do
36
'd
230
•1S5
•190
18% 19
38 4 41%
43
480
•45:;
804
72 4 724
204 204
190
IS 4
117
23 4 '234 '224 *22 4
224 22 4
•234 24 4 23 % 23=8 24 4 244
•70
72 4 •704 72 4
72
72 4
•90
93 4 •yo
93 4 •86
92
92
924 92 4 92
{924 92 4
1804 1814 170 1804 179% 180 4
28 4 284
284 28 4 28% 28%
57
85
200
215
195
200
'235
'188
9s% yy4
100
121
764
•36
Hang*
arc
71,200 66% MaySa 78% J'ly 8 ;)S
704 Nov
87 Sep 16 81% May 13 83 Noi 39 Alltf
107.7OO 130% Jan 26 177 4 Sep 'I 1094 Mai 135% Oct
275 67 4 Jan
1
Api 72 Nov
74 % Aug
3,500 190
Miiy'23 220
Auglo 1644 Feb l.l I '4 .Nov
20,500 464 May-'-' 00 4 Mai 21
2S4 Mai 5
Nov
200 ..I
May 2
7
444 Marl6 33 Jan
N ov
900 774 j'lwiie B8% Apr 7 75 Jan
Jau
N'ov
28,201
17 4-May 2 2 254 Marl!
12%J in
2011 83% May
so Sep 21
80 4 J'ly DO Nov
1.300 00 J 'no 9 78% Sep 21
47 4 J'ne 74% Nov
1,401
29
Mtiy2
37 4 Apr 1 7 20 J 'in 39% Nov
102,800 108 4 May
187 4 Apr 17 137 4 Im'I' 1774 IKO
1834 Jaii 13 192 4 Apr IT 173 Mai L86%Oct
>anmli;iM Tai'ilii'
anartn Southern
( lentraJ
ol N ew .1 orsey..
179 4 1804
ISO 189
189
187
21442154 210 4 218 Chicago & Northwestern
i
34
49 4
75
ti
1
46(
/
l>o
99
120
29,50(
ChioaKO Ureal Western..
l)o 4 p. 0. debentures
1
77% M „>"-''.
1,04
>
79 4
in t-xii
l.mrcst
7.3.
67% Chesapeake A Ohio
3d Chicago A Alum
4
•87%
a
i
195
43
89
918
50 4
SH
•75
70%
•35% 36
178%179\
374 874
12
12 4
434
58%
'''.4
9
28 4 284
28% 23%
• 02 4
63
03 4 {61 4 61 7
43% 43 4 434 43 4 43%
214
210 219 4 218 222%
16
•86
322
184
•99
•117
34
72 "a 73
•72
77
•85
ys
324 324
195
1
260
185
190
•15
200
13 4
2
ti
1
88
79
1%
21
210
240
'-50
2
79 4
.9
284
48-4
80»4
80% 81
•>
•374 40
12 4 12 34
4
15%
494
49
•
189
220
1
-240
•188
-190
03
43
214
4524-175
33 4 34->,
88
88 4
•10
214
93
93 4
21(5
34% 34 3
-»
• 36
38 >i
•77 4 78
35-4 30%
170 131%
187
189
1804 1814
89
818
<•
884
-
1 '«
•Mi
.->('.
taltlmore
1
8628OO
oino
.t
01
s"1 arcs
nil ,N.
Do prel
T2 '« Brooklyn Rapid Transit..
B8>s Hiirtnio A basque, prof...
17141T24
21
',
7
f
S3 4
4 171
894 69
2 19
I
I
97% 974
li-9
70
88 V
188
4
45
90
121
117
1-1
J
43
•214
•460
9
12
994
- B
1
4
36
"874 40
1374
•117
2
704 7P
112
•86
1734
•30
79
21
,
>4
is
18"s
•9«
•87
•70
/
11'-",
Onbatil
Wttk
1
111-4 II 2 4
•:0 4 97'.
70 4 72 4
Sit
88 4
'OS 4
79
'.1
250
196
900
4(i
4
i
139
4
!!
4
214
7
77 4
8
*s
187
3 10
I-"*
i
'
1
100 4
-
1
hiim/c ior year ,'
"'
the
ss
S3\ \toh. Tom-k.i.v danta Pi
Do prel
1084 K'14
102 v 1624 Atlantic '".isi 1. UK' int..
88%
104
10 2 4
2154 _'l
604 57\
215 4
67 4
38
•36
1794 1304
IPO's 1814
»lb8
819
•24U
-13
f
87 'a
•7(1'-,
88*4
.
•68% To
nil
'.'
•
9
/
170
17-'
212
88
79 4
7:'
^
714 724
884
1
;"»i; ;
•3ij
^tJ-5
a
9
170^
87 4
11341134
•86
89
14 2
21
102
•964
'4
1
8* "4
108
164
88
104 4
ia\ L134
1
72
•884
09
2!4
67 4
•68*,
9
4
88H
10>%17O
1*
»4
i
B8% 89",
104 4 104%
164
164
•«
113
97 4
71
•so
i'S
.
ll»5
li 4
II'.'
10;
Sat**
rOCK
S
&XCHANG E
1/
J
1
••TOOK*
NEW YORK
1-rtda
Oct 13
M
7
.
Record, Daily, Weekly and Yearly
two i'a«;ks
A.s
Thursnau
221
. .
.
2011
•
:
W
Wanll
IUIIUI.
..
1
,,,
*••••
.••••
..•>••
. ..••«
.
•
1150
/i'JOCBH—HLQMABJ
Monday
Saturday
864
37 4
128
35 4
37 4
1
Oct 11
35 4 35'
Oct 13
'126
128
35
35 4 X314
•86% 37 4 •36 4
•57
67-9
68
116 110'.
1164
36'.
37 '4 37
37
374 *7k
67%
57% 673s 67 4 67 4 •57
1164117
1174 1174 115% 1 1 7 4
574 674
117 117%
hvrnuay
126
128
126
•35
37
STOCK>
NEW YOKK
jrlday
Oct '2
Weanetoay
1264128
128
36
126
36
AND LOW h.HT BALh PMCKti
Tuesitay
Oct 10
Oct 9
Oct 7
•126
Record— Concluded— Page
Stock
v OI. IYX1E
2
Ham/e lor l'revioui
Year(lU04t
I'm.,
Week
Lowe xi
Shares
1'hird Avenue (N. Y.)
oledo Rail ways<fc Light
1,100
Tol. si. L. <fc W. v. tr.it ts
Do pref. rot. tr. ctfs.
4
34 4
year
lor
basin 01 100-suare loU
(Jn
the
EXCHANGE
127
Hanyt
HaUs ol
STOCK
600
600
Hi-
I.
Hi 11 heat
finest
Apr 2
134% FelllH 115 Mai 134
27
224 Jan 13 37 4 Apr 1
7 4- I'm
r.'4
,
I
Oct
Oct
43<4 Apr 6
21 4 May
Nov
A pr 2
32
teh 57 4 Not
51% Jan 26
S
2,400 105 .Ian 6 122 4 Apr 4 h7 4 Feb J074<OCt
Do pref
$153% May 17 160 jDi-2i; 158 An a { 05 Not
[nion Pacific
131% 132%
321.110 113 Jan 6 l38%Aug2
Mar 17 Not
71
•96 4 96% I ' Do pre.r
SO 95% Oct 2 101% KV021 $864 Feb 9-i Deo
U nit Rys 1 u v't of ban Fran
76 4 76
1,944 21 4 Jan I 79 4 Sep 14
9
Feb 25 Deo
Do pref
914 914
2,600 644Jan 1! 9 2 Oct 2 424 A
69 Deo
•80
United Kys of St Lou. p'rei
82
2,001
80 J'ly 7 82 4 Oct
9,4o0 17 4 May 2
21
214 Wabaafi
24 4 Sep 1* 15 May 25 Not
:...
41
Do pref
414
Fell 23
-Vot
17 18 Wheeling* Lake Erie... 0,901 37 M»y23 48 Marl3 32% Feu 484 Not
120
May 1 19%
1441'ly 22%
•40
42
Do latprel
100
May 4 48 Feb
37 J'ly 52% Jan
,
Do 2d pref
loo
25% 25%
May 4 2- 4 Marl 3 21 4 J'ne 32 Not
31% 32% Wisconsin Central
13.300
AprzO 33 4 A ug2
16 J'ii«- 38 Not
Do prel
64
62%
21,900
Jan 13 64 Oct 13 37 J'ne 49% Not
Industrial
.UisceTl
J
38
574
34 4May2'.'
3-1
'
1
116% rwin Cltj Rapid Transit.
1
181% 132 4
6
132 4
96
70
90 '4
76%
131
•96
97
77 % 77%
91
91
i
'.<
90
'.
•81V.
84
81% 81%
22
42
•17
22%
21
22
414 414
43
132 4133"
96
96
76
76 4
PO
91
81% 82 4
21
}40
•26
26
•284 30
•684 69 4
-17
•40
•25
'29
•58
•25
174
40
26
30
69
2S
59
•240 260 •240 260
184
18
17% 18
69% 59%
60>a 60'...
84% 86 Hi >-3% 84 \
•23
24 ^ •23
24 4
•87
•87
37 % 39 4
374 38 4
240
214
414
214
•17
•40
•25
1H
42
26
61
•64
64
•33
27%
•
•90
100
'220
47
74
230
*6%
33 4 33 4
27 4 274
18% 18%
7
34
27 4
19
*404 42
19
042
664 69%
42
574 69%
•87
37
200
•ISO
•102
190
200
7
7
33 4 33 4
27 4 27%
19
•14% 154
14%
15
•56
•55
60
60
45
44
4
44%
10441044 104 1044
4 6% 484
45% 47
•86
•86
93
96
230
-404 424
68% 59%
•14%
119
119
96
97
974
18041804
224 22%
80
804
•55
32% 32%
32%
'.86
•102
102
11% 13
43
45
4
1394141°*
140
134
142
140
189
188
191
"55
60
44 4
104
14% 164
4
15
43%
104
46% 474
•87
96
974
97
119
121
97 4
120 4
964 974
63
55
63
32 4
76
84
474
47
154
97 4
145
1054 103
44% 454
45
45
103 41034
•16
16
•58
59
98
45
'83
87 >,
47 4
106
874
45% 47 4
104
104
1524 1624152%
98
97
45
103
45%
98
46
103 4
16
•574 594
464 47»e 454 46 4
974 97%
250
250%
40%
•102
47
105
4
24% 25%
94
95
37
37
•103 106
a« 72
71
•106 112
*
1
87
•47
4
4
1%
1% 1%
864 87^
474 47 4
13% 14
88
4 48
13% 14
•77
38
96
•120
•85
•29
65
62 4
•77
79
79
394 41
964 97
120 120
•85
87
•29
30
40%
96%
125
87
30
65
53
65
1%
87
'47
14
79%
37%
96
120
85
29
1%
14 1%
'
87% 1854 87
47
48 4
:
',
96',
126
87
47
144 16%
814 82 4
37% 39%
96
964
15
8l 3<
40 4
•120
85
29
30
61% 65 4
52 4 63
111
112
125
87
29
65% 66%
51% 53
51% 53 4
1114111% 110% 111
111
111
374 384 37 4 37% 37% 384 374 38%
104 4 104% 103% 104
104% 104
103% 105
324 324 32
32
431% 31% 32
32 4
107
107
J 24
I»*
434 44%
65
1064107
•I064 106% $1064106 4
•236"' 260*" 230 247" •230*" 247*' 23*6" 245"
93% 934 93 4 93 4 934 93% 93% 93%
•167 170
168 168 M674169
168 168
194 4 194 4 1874
•1*7 4
1874 .. ..
pref
pref
steel Foundr's.
124 12% American
United
85
U S Exclia'el 125
Wash.H'htsI 225
West Sidel,.. 575
Yorkvilleli
400
1
BROOKLTK
90
150
Eia
Itanli*
Ask
BROOKLYN
Home BankT 140
Nassau
Nat City
North SIdel
400
300
3»0
People41,.... 300
ProspectPkl 140
.
310
...
1 -c
1
'/
'j
47
J'lyli
lo5% AugiS
59 Mar24
105 Mar24
18 4 Jan 30
25 4 Mar 58% Not
63 Apr 95 Deo
8 J'ne 19 4 Deo
3 185 Feb 220 Oct
Mar
22% Feb 7
79 Janlo
474 Apr 6
214
9% May 264 Not
Mai 824 Not
404 Deo
194J'
89 4 Feb 27 82 N-. 83% Nor
128 Apr 7 43 4 Nov 68 Deo
o7 4 Apr
90 Not
71 N
192 Mari6 C151 J'_. 194 4 Not
25 4Marll 10 4 May 25% Deo
82% Apr 6 64 4 .Feb 79% Deo
100 Feb 23 26 Mai 72 4 Deo
34% J'ly 20
8
Sep 12 4 Oct
76 Apr 6 4s 4 Jau 66 Oct
66% Apr 3 36 Jan 59 4 Not
120% Marl5 1004 Jau 117 Not
314Apr
14 Sep 23 4 Not
65
1
Apr 19 75 J'ly
51% Apr
14 4 Feb
1114 Feb20 80 4 Jan
10t% Apr 15 120 Feb
107 Aprli HO Mai
494 Jau 4 24 Feb
116 4 Apr 3 92% Mai
21 May 15
80 4 May 16
47% Augl8 24 4 May
FeolO 99 4 Apr 4 67 May
May.il 258 Augl4 209 Mai
May23 43 Sep 30 16 Mu>
Jau 26 105 Sep 3u 71% Mar
Jan 23 25% Oct 6
6 May
Jau 10 954 Sep 19 37 Ma>
Marl4 39 Sep 30 14% Apr
Jan 25 1094Apr 1 74% Jau
Jan 25 118 4 Feb 24 31 4 'an
94
i
97
97
1,935
Do prel
261 251
Pullman Company
4,110
43 '4 43 4 I > oil way Steel Spring... ll,85o
loo 103 IV Do pre
330
24 4 '26 4 Republic Iron A Steel... 23.000
944 95
8,800
Do pref
800
364 364 Rubber Goods Mfg
103 106
200
Do pref
70
704 w ioss-SlielHeld St. <fe Iron 2,100
llo 110
300
Do prel
l.loo
•14 1%
14 14 Standard Rope & Twine.
844 85 4 85 4 »6 V.T«.An. Coal, Iron & RR... 13,150
500
48
47
47
t-C
^\|as Pacific Land Trust
154 lc-4
30,146
144 15
mon Bag & Paper...
'81
82
2,260
"36% 38%
3a
38 v U. S. Cast 1. Pipe & Foun. 67,414
•95
97
9,700
9/4
96 4
Do pre!
118 125 [C'nited S'ates Express...
100
118 125
*85
200
87
87
87
U S Realty ifc lniprove'nt
•28
29
200
29
30
U S Reduction & Retln'g
•65
65
65
800
68
Do pref
6"4 52
614 5i United States Rubber.... 16.500
1,6 10
1104111% 111 "'1114
Do pref
37
37% 38 United States Steel
314,577
374
1034104 4 1044101%
95,710
Do pref
314 314 *314 33 Virginia-Carolina Chem.. 1,265
106 4106% 106 4106%
1,135
Do pref
Iron
&
"245" 2*3*6" 24*5" Virginia FargoCoalCo. C.
230
&
Wells,
92% 934 93 4 93 4
est'n Union Tele'gph
2,65(
107 416J4 167 4169 4 West'gh'seEl&Ml'gassen
300
18. 4 200
Do lstnret
loo
:
',
87
230
30
93
15
100
u
Bid
.
67
24
94
60
O
68
.
Trust Cos.
Deo
264 Oct
9*4 Deo
164 Nov
J87
Not
Nov
107
55
112 4 Deo
I
Ask
Trust lo's
Filth
Mauutaclrs'. 365
Mechanicsli - 260
14% J'ly 35 4 Deo
67 Jan 94% Deo
Apr 3 244 J'ne 37 4 Deo
Feb 1
88% J'ne 97 Not
Feb2 180 J'nt- 219 Not
960
6 Aug 14 Deo
4% Aug 7 14 Jau 4
600
6 J'ne 7 114Jaul4
2% Jan 114 Deo
l,b50 314Sep 13 65 4 Mar 17
11 4 Jan
48% Deo
2»% Aug 1
1,000 24% J 'ly
1,040 15 4 Jan 17 22% Apr 17
7 J'ne) 20% Not
10 86 Jau 19 48 4 Apr
224J'ne 42 4 Not
286,930 33 Jan 25 61 4 Apr 13 164 Jan 36% Not
6,712 103% Jan 5 122% Apr 16 75 4 J an 105 Not
200
4 Sep
8% Jan 14
2 4 J'ne
9 DM
100 20 J'ne 9 284 Mar 7 16 J'ne 29 Dee
480 974 sep e 99 4 Oct 3
1142200 79% Jan 9 131% Aug24 46 Feb 82 4 Deo
2,300 111 4 Jau 13 28 Aug23 88% Jan .15 Oct
100 163 May31 200 Aug29 110 Jan 170 Not
99 Jan 7 1064 Aug 16 85 Jan 99% Not
20,626
64J'ly27 18%Mar20
34 J ue 154 Deo
10,100 35 4 J'ne 14 67 4 Apr 4 26 J'ly 57 4 Deo
2 1,200 130 May22 149% Mar 2 1224 Mai 153 Not
205 133 May 10 141 Augll 123 Jan 141 Not
160 1364May24 l484Jan 6 121
Feb 1494 Not
7,466 91% J an 25 104 Augl5 85% Not 96 Deo
11,345 20% Jau 26 404Aprl8 10 Jan 25 Nor
1.235 93 Jau 6 108 4 Man 5 69 Jan 94% Deo
5,200 100 4-May22 130 Apr 13 61 Feb 120% Not
400 184 4 May22 2215 Feb 14 185 Mar 129 4 Oct
200 10% Jan 13 16 Apr 18
5 J'ly 12% Deo
66 J'lyl- 60>BJanl8 47% Feb 62% Deo
31
(
BANKS AND TRUST COMPANlES-BKOKEttS'
ilnnlin
Bid Ask
Union Kxohl 222 4 227 4
Oct
Mar 21% Not
39 4 Mar 71 Not
43 4 Feb 82% Deo
13
Mai 24% Deo
72% Jan x7 Deo
6
89% vpr 14
294 Apr 15
95 Augl9
43%Aprl4
104 4 Apr 6
May 22
220 Feb 250
1
American Snutt
Do
J
1
I
33
Do
4
70 Jan 25
20 Jan 24
89 4 Feb 3
44
44 4
Do pref
139 41404 American Sugar Refining
138 4 140
"139 142
Do pref
$140 140
137 139 •135 137 Amer. Teleph. A Teleg...
1014 1014 $102 102 Amer. Tobao. (new), pref.
364 36% 36% 37% American Woolen
J01%10'2%
Do pref
•101 102
!
1154118 Anaconda Copper
1164117
Brooklyn Union (ias...!
*T84 190 184 189
runsw. DockdiC. Imp'i
*14% 15 4 14% 14%
•55
62 Buttenck Co
•55
60
44% 454 / 'entral Leather
10,547 40 Sep 11
43% 44
2,550 asl03 Sep 16
103 4 103% 103% 104 V / Do pret
45% 464 Colorado Fuel de Icon
30,179 38 Muy22
444 46
•87
95
87 96
Do pref
80 AuglV
16 Col. & Hock. Coal do Iron.
15 ll%May24
•154 164 •15
187 187 Consolidated Gas (N. Y.).
8,542 180 4Sep23
186 4187
13
13 4 Corn Products
6,160
8% J'ne 8
12% 13'.
634 63 4
Do prel
4,035 40 Aug 9
63
54
42% 43 Distillers Securit's Corp
5,819 234% Jan 25
42
42 4
81
electric Storage Battery.
300 76 May23
84 *
Federal Mining & Snielt'g
1,600 60 Jan 11
116 120 •117 121
Do pref
3,600 75 Jan 5
96
964 97 4 97%
179 179 3* 179 180 General Electric
L425 169 May2o
6.520 184J'uei6
21% 22% 22 4 22% nt e. national Paper
81
4,316 76 4 Fell
Do pref
80
804 *80
55 63 Intel -national Power...
57 Sep 28
-55
63
31% 32 Knickerbocker Ice( Cliioj
10 J an 1 o
i'.tfoo
31% 32
60 Jau
Do pref
55
1.023 52 Auglb
\Iational Biscuit.
544 54 4 55
620 HO Aug
*11341144 113 41144 1~ Do pref
*14
15
Nat Enameling&Stamp'g
860 11 Aug 12
14% 14 4
80 Aug 12
87 4
Do pref
*8l
874 81
46 4 46% National Lead
12j7U0 24 4. an 24
454 46
105 4109
600 9 7 % J an 7
Do pref
104 4 106
148 163 •149 153 New York Air Brake
200 140 Ma) 22
97 4 97 4 North American Co., new
2,400 96% Sep o
97
97
46% 47% pacific Mail
16,200 33 May 22
44% 46%
103 103 4 I eop. C4as-L.& C. (Chic.)
5,200 97 4 Mayl6
102% 103
90o 12 4 iy 19
-15
15 4 15 4 Pittsburgh Coal Co
16
215 45 4 J'ly 26
Do pref..
674 674 *57% 60
14,300 33 4 Jan 31
46
45% 45 4 45% Pressed Steel Car
103 4103%
103%
•15
16
154 154
•68
•58
60
69 4
45 4 46%
46 4 464
97
96% 97 4 96% 974 964 96 4
97
•251
250 250
252% 250 4 250 4
250% 253
a;44 4 45 4
43% 45
464 47
42 4 434
'102 105
102 104% 2105 105
102 102 4
24
25
25
25
23 4 24%
24 4 25 4
93 4 94 4
93% 94 4 93 4 95
92% 94
"36
36
36 4 '36
36
36
38
38
105 105 •1034106 104 106 103 4106
71
71
714
71
69
69 4
71% 71%
106 112
110 110
110
103
•15
oil
American Express!"!!*"
4 American (irass Twsne
6
Amer Hide & Leather...
164 4190
35',50"6
7
4 Aug
68 Feb 17
19
14 J an 25
1,800 27% J'ly 19 38
97
89 4 J'ly 1
"i'14 {209 4 J an 4 246
7
*102
100
May
464 May
13
80.) r9
229
120% 120%
i>.
185
American Car A Foundry
Securities
18 American Linseed
18
•41
42
Do pref
!.!!
60 4 61 American Locomotive."
".!
114 114
Do pref
•5 4
6 American Mulling
!.!*"
•25
254
Do prer
994 994 Amer Smelters Seo pref B
127 41284 Amer. smelt'g<fc Retin'g.
60%
"
'4
De pref
27% 27% American Ice
42 4
1214 120 8»120
4
33
114
200
32% 32% 314
*68
55
55%
554 •55" "65%
•11341144 11S%1144 -113% 114 4
"14 4 15
14 4 14%
14% 14%
87 4
•40
59
114
121
i?2%
46 >4
103 4
143
97
•6
33
27
190
65
•84
6%
6%
200
1804 1804 1804 180
22
22%
224
22% 22
79% 79 4 79 4 80 4 80 4 80%
55
33
27
AmalgamatedCopper. ...
4 38
221
•174 19
1
180
63
37
3,500
1,000
141,2 Wi
pref
994 99 4
Do pref
314 314 American Cotton
•92
99
Do pref
86*,
22
•55
6%
84
$250 Feb
J236 Jan
Mis-Chalmers
Do
4 24 Amer Atricult Chemical.
•874 874
Do pref
31
loo
229
7
1214
•65
60
44 4 44",
104 104
46% 47 4
-86
96
•15 4 16
120
97
174 17%
604
60
84
•22
&
Express
Adams
250
240
6
54
25
25
99
994 9J4 $994 994
1294 1274129% 126 4127%
•25
180
63
•65
56
114 1144
•14 4 154
•84
88
4; 4 48
»104 105 4
120
97
,
54
6
25%
•164 164 $154 15%
•154 164
1884 185 4 184% 186
18741894 186 41884
12*4 12%
12 4 12%
12% 12% 124 134
•63
65
{53
53
63
53
53 4
53 4
444 44 4 43 4 444 43% 43% 424 434
•83% 84
83% 84
83% 83% 814 84
list
I
250
30
•92
•220
7
7%
6%
101% 1024
37
38 4
101% 1024
117 4
1184 1184 116%
189
17
42
20
32
62 4
36% 37%
•994100 4
38',
100
32
100
229
1134 1144 1134114
1
17
17
59 4 69 4
834 84
34
33
27 4 27 4
18
18
•404 42 4
68% 60 4
•18
102
140 140
138 413S4
192 M 102%
37 4 38
103 103
117% 118
1164 U74
»185 195
186 195
45
0%
6%
10 4 10 34
10% 11%
40
40%
41
434
140 4 1414 141 141%
•139 141
139 141
138 1384 "138 140
102 4103
102 4 102 \
37 "4 37%
374 37%
102 4102 4 103 103
1414 142
4
220
74
'190
'102
10% 10%
404 404
30 4
60
250
•92
100
$225
64
1134 116
•5
•6% 6
•264 264 -254 264 •25
9 'J4 994 •984 99
99
1294129% 1274 1294 128%
121% 122
1214 121% 1214
11319 116
«
6
17
17 4 17%
•60% 61
100
32
91
•40
•25
(-3 4
85%
84% 85'-.
234 234 •224 23 4
-92
222
7
42'i
17'<
1
c
814 Hl-S.
20% 214
41
414
42
20
240
260
17% 17%
604 60
384 38%
100% •99% 100
31% 32
314 32
32
100
230
91
82 4
22 4
29% 31%
59% 63
29%
100
32
•90
-220
J
I
964 96 4
76
764
914
91
*h
41% 42%
16 4
18
•40% 42
130% 1314
1314 133%
964 93'.
764
76
n. r. crrr
Bankers' Tr. 510 530
Bowl'gGreen t2!5
BroadwayTr. 165 175"
Central Tr'st 2200 2250
Colonial
400 415
Commonw'th
95
Bid
Jan
% Jau
68 Jau
374 Jan
F"eb23
28
3 Jan 3
25 1064 Apr 4
31
4-%*ep
15
82
41
79 '4 Jan 3 9/%
§120 Jau 9 134
77 Jau 4 98 4
18 Feb2- 40 4
35 Jail 13 73 »«
33% Jan
98% J an
39
<-
3
90% May z 2 l"5%Oct 4
39 Jau 3
28% Sep
103 4 May 1 liO Feb 20
22%
1
13
75 4
Feb U28 Nor
84 4 Not
J'ly
J 'ne
44 4 Deo
Not
18 ii s.ep
}2'00 J'ne
44
J59
JNov
92
152
95 4 J'nei9 85
May 20 184 Apr 6 153
K«*023 97
April 180
Feb21
39 4
.16
J'ne 5
3 260
Feb
97% Apr
36
235
Jau
Jau
65% Nov
364 Nov 40 4 Deo
10 4 Feb 34 4 Deo
41 Jau 100 Deo
»% May 33 4 Deo
514 May 95% Deo
Aug 17
4 Feb -4
May
3% Aug
45
Apr 17
Feb
100
Mario 43
Apr 18
Oct
Deo
98
Not
4 Not
Not
6 4 May 204 Deo
40 Mai 81% Deo
25
14
Oct 1
Oct 9
3 58% Sep 18
6 118 4 Apr 7
24%May2v.
Not
Nor
94 Deo
184 Nov
73 4 Nov
29% Deo
35
77
4 Oct 13
<y
Deo
92
Jau 105 Deo
% Mai 5 Nov
31% Ma) 77 4 Not
13 130
8% J'ne 6
lan 10
1 9 % J au
444 Oct
144
1
Aug
May 94 4 Deo
Mav 185 Deo
A in: 1984 Nor
QUOtAl'ION.-*
Ask
Ave Tr 575
Guaranty Tr 640 «60
Guardian Tr 220 227
Kuick 'rb'k'r 1050
Trust Co's
Bid
N Y Life&Tr
New York Tr
ASK
tioao
72o
Real Est Tr't 325
Stan dardTr't 390
t342 t350 TitleGu&Tr
Lincoln Tr... 575
Tr Co of Am.
union Trust
Manhattan .. 476 100
US Jdtg&Tr
Mercantile ..
950
Unit States
Metropolitan 625
__
Law T I &Tr
660
Bid
Ask
BKOOKLTN
Citizens'
Brooklyn Tl 420
6"<>
140
435
145
Fialbiisll
730
410
760 770
1450 150
5M
Trust Co's
200
340
335
165
375
Franklin
tla
»
iiinu
Home
.1
nkiu-.
180
450
lloo
ICinas Co
BoroughH... ISO
Kidgewoouil. 140
!50
Empire
Van N'denTr 2 5 3 5
I, Isl LdfcTr. 309
260
.VlortouTrusi 926
950
Broadwayl.. 300
17th Ward!. 155 165
Equitable Tr
2 '0 1-270
Washington 425 4 iO
Nassau
Alliance 210 225
Mut.
Brooklynll . 130
140
195
Farm Lo & Ti 1440 1465
Uniouli
335 1345
260
People's
Windsor
.65
First
385
Wallabout<
160 170
240
Williamsb'i... 230
• Bid ami anKen prices; uo sales ou this day. 4 Less luau 100 snaren.
t Ex rignts.
New stook. c Ex uvi.tt-mi .j iguta.
1 Sale at Stock Exchange or at auction this week.
Ex stock dividend.
Trust (Jo. oertidc.vtes. 1 BsllllCS 'U.irisi \*-itii .1 iir lu'r.nii.i (':) are State banks
.
.
1
.?
1
1
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Stock
BUMJB
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104
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104 106 4
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2d series 4 4s Otis lull paid.
Repubo! Cuba, 5s exten dehi ..
U *> m Mexico a I k 6a <X 1X99
1954
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A O
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98 Sale
90»sSale
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f
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mi g 4s '40 M-N
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K'aiLtvay 1st lien 34s... I960 J-J
1950 J.J
Registered
Chicago Burlington & yum —
1922 F-A
Denver Div 4s
1949 JJ
Illinois Div 34s
Registered.
1949 J-J
1949 J-J
tiohl 4s
Iowa Div sink fund 5s.. 1919 A-O
1919 A-O
Sinking fund 4s
Nebraska Extension 4s. 1927 M-N
1927 M-N
Registered
1921 M-S
Southwestern Div 4s
Joint bonds see Great North
1913 M-N
Debenture 5s
Han <& St J os consol 6s.. 191 M-S
Chic & E 111 1st s f our 6s. 1907 J-D
1931 A-O
1st consol g 6s
1937 M-N
General consol 1st 6s
Registered
1937 M-N
CI11C& InUC Ry 1st 58.1930 J-J
Chicago & Erie See Erie
Chic In A Loulsv ref 6s. ..1947 J-J
1947 J-J
Refunding gold 5s
Douisv N A & Ch 1st Us. 1910 J-J
Chicago Milwaukee & St P—
1914 J-J
Terminal gold 5s
General g is series A..el989 J-J
el989
Registered
General g 3 4s series B.cl989
1921
Chic* LSuDivgSs
Chic & Mo Riv Div 5s. ..1926
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an
9441034
887
407
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A
class
1900
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Class
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1014Jau'05
1094 Oct '00
102 4Mar'02
Currency lundlng 4s
19vi4
Dlst of Columbia 3 66s
LouiMaiiH uew cousol 48..1914
North Carolina consul 48.1910
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6s
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1
118
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ds deferred Drown Bros ctts.
164 16 S,
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994 984
98
—
1024
W
37 1004
131 4 Sep '05
'13141314
93
9S4 90
'04
96
102 J
.
1st
i
934 Sale
107 4.
lo9
964
9f>
Nov'04
1*064
1024
1024105
102*4
904
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11)04
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93 4
98 4101
93 4
91
92 4 92 4
108 4 1084
109 109
93
93 4
92 4 J'ne'05
lo8 4J'ly'05
1(19
.
944 974
1"34
Oct '05
9.1
'06
1194Mar'04
U94.
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100
97 J« 100
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N V&
Bultalo
Butialo
CI
Ac
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bee Erie
1224.
Sep '05
98
103 4 lOSU
1054
105
106 Apr '05
102
106
1913
Regtatered
1913
Orb ic Shawn See 111 Cent
Carolina Cent AeeSeab Air L
Carthage & Ad bee N Y C & H
Ced R la W & N He* B C R & K
Cen Branch U Platg4a...l948 J-D
Een Branch Ry Nee Mo Pao
ent of Ua RR 1st g 5a..pl945 F-A
Consol gold 6s
1945 M-N
Registered
1945 M-N
j.
Sale
94
Jan
1244 129
1044
1044 109
1054 106
94
94
119*4
Sep '05
119
113
1214
1164
..
107
J'Ufc'04
116
96 ii Sale
fi Sale
><a
sale
964
96*4
81
b"2
82\
76
77
77
78
944
J-J
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109
104
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45
90
4 42
934
1124
1124
1114
M-S
100 4
'06
U641164U64
I,
1264
124
129
94
1194120
Oct
Oct
Oct
07
J'ly'05
19
....
101
88 4
624
83 4
96
93
Keb'i>4
04 Sep
1945
AO
Ill6ii
10-<*4
108
Ang'06
Aug'05
115 4
1084
1
15 S
1
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106
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tuar
KluxsCoEl
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Nassin t-.iecKU*4s
stamped
1. 1
si
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i
103 4....
102
4a
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liav urn Elec consol g 5s. 195
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94*4
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way &
1034 1044
101 4 1024
L044Mar'0fl
102 Sep 'OB
102
1044
1044
1084
119 4 120
1044
1044
1204 1204
113
1164M»y'05
10&4108 4 I084 10S
107
112
1044
,
974
1114
98 4
82 4
82
81
...
Sep
100
,
1014 Sep
'05
!.::
1004 103
95 4 98 4
96 4 96 4
1104 il'64"
1014 1034
1004 1084
1064 1064
100 100
10^4 Aug'05
107
107 4 107
106 4 J'ne'05
100 A pi '05
107 4 Sep '05
1064 Ang'OS
1
111*4
1384J'ly "06
121*1 Oct '05
122
119'i8
106 1084
1144
19441074
133 4 1384
11K4122
1194 1194
Aug'05
14
ll04Mar'd5
1194 Sep '05
-
1354137
1134
1094110
1354
1354
1184 1214
J
113 4 Oct '05
1094 Sep
1094
1104
,
111
...
4 J'ne'05
1104
108
'05
1104
100
f24 b04
79*4 834
S04 804
...
105*4 Allg'04
1104 Jan '05
1064
1354
4
mi 4104
97
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11341134
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'05
1084
1114
107
113
16
90 4
96
90 4 Fob '05
1064
HI
loc.*,
113
3
88
834 824
82*4
824 8 14
b04 May'06
96 4 Sale
99
43 1054
4 J'ne'05
...
1014102
108
lot
107
1114
1174182
1164 1184
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98 J'ly'o.
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104
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1014 Aug'05
1
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111 4 Sep '06
134
112
109
137
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964
1144
1184
1094
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Apr '05
98
...
112 Mar'OC
137 4 J 'ly '99
...
113*4 Sale
1134
..
..,
1
...
...
Aug'04
Api'05
1154May*oii
...
1064 Apr '05
1134
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1094
1074
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1
106
185
1054
...
...
109
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lio
110
1174 1154 1164
127 4 Sale 127 4 1-7 4
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103
lis
117
110
no 1124
11541164
10
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1054 1054
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99
41014
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117
4118
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117
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110
111
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104
106
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Nov'98
11
99
97
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111 4 J'no'i'5
115 4 Oct '05
A-O 1144
A-O 114
A-O 110 sale
A-O 108
M-N 105 4106
M-N 103
A-O 1134
A-O 1084
M-N 118
M-N
F-A
M-S
M-S
M-N
lliqh,
80 133*4 1364
13 4 135 4
112 115
105*.
1134
HI
4
Mar'04
104
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11141144
.18 Oct '06
115 4 Apr '06
117
117
4 S^P '05
1084 Jan '04
105 ....
103 ...,
1084....
1194
1154H54
l05 4May'04
105 May'05
.
I
see HI Cent
on -Nexi t'nav.
Av 1st eg 5s 19 1.1
(ol«fc 9th Av 1st gu g 6s. ;.'..
7 th
1
Lex Av<fc P VI at go ir 5s 1883
Third Ave RR congu4s:2000
1004
100
18 108
4 1134
J'ne'06
92
93 4
M.-i
914
9i>4
.Mil
106
88
93 4
81
93 4
89
91
87
10: 4 Sep 'OS
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•05
4 103 4
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J
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Li
11
1
1014
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93 4 Sep 'O..
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a Dun ian
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94 4 96'
824
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Ry <fe h 30-yr g 5s. no,
Minn st Ry 1st con g 5s.. 19 19
St Jo Ry Lt H&Plstg5s. I9;s7
St Paul city Cab con
6a. 1937
l iidcrifroiind Elec Ry« of Don
don Protll shanni; 5s... 1908
Union hi (Chic) 1st g 5s.. 194.,
nit.-d K Hh San Frs ii. 19-^7
United Rys St \, 1st g 4a. l'.'.'.l
W hio St 4o-yr ron g 6s. 1936
,*y
118
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113
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4
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.
98 4 Male
A
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87
•
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1204
117
tin
96
97
100 4
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N',VO!
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1064
92 4
4 8»4
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1 1.
97
91
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108*4 J'ly '06
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118 4 Oct 05
95
88 4
118
lis
;i 1
1204
00
90 4
8rf
1164
84 126
1174
J
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90
114
116
116
111
89
lis
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95
l-
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4
1084
24«
1084 May'05
LOB
109
1951 J-J
1
94
i'0'94
109
88
93 4 Sal..
88 4....,
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4
93 4
109
i»fi
4-.'B
1st g 4s
jniar 4s
(Jonn lty<k
1950
1949
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',
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M-N
Street Itailway
M et St Ry gen ool tr g os. 1997 B".
Ref g4s
2002 A
1'.
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Bklyn Un El 1st g 4-5a.l950 F-A
No Low
.
12
1084H24
Sep 05
112
934 Sale
2002 J-J
itrcil 4s
2002 J-J
BkCily 1st con 6s. 1916. 1941 J-J
Ittijti
13..
106
'.
1104110V
'05
l.'uilxMiy
Brooklyn Rap Tr g 5s
1st rt-luml conv g 4s
A»k Low
1384 133 4 1384 Sep '08
113 4
113 Aug'06
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1044107
1104 Mar'05
1104 U04
M-N 129
J'ue'05
1274
127 4 180
F-A 1184120 4 118*, 118*4
1184 1184
142 4 Feb '2
Ashland Div 1st g 6s. .1925 M-S 129
'05
Mich Div lstg6s
1314 Jan
13141314
1924 J-J 130
105
Convertible deb 5s
1054 sep '0.
10541054
1907 F-A
Incomes
109 Sep '03
1911 M-N lo5 4
Cluo Rock Isl ii Pac Os.,.1917 J-J 122
1214 Aug'05
120*4 126**
Registered
123 May'06
123
123
1917 J-J 1214
General gold 4s
1988 J-J 1054 Salt 105 4 100*4 100 10441074
Registered
107 Jan '03
1988 J-J
Refunding g 4s
964
96 i"73 95
994
1934 A-O "96 4 sale
Coll trust Series D 4s... 1900 M-N
M-N
H4s
97 J'ly'04
984
1910
97
97 Sep '05
97
M48
96
1915 M-N
03 May'04
N 48
964
1910 M-N
"964
964
96 4 Aug'05
48
964
1917 M-N
P4s
904
90 May'04
1918 M-N
83 4 sale
Chic R I <fe Pac RR 4s. .2002 M-N
86
834
834 162 79
Registered
2002 M N
70 4 Sep '04
94
934 '»34 934
Coll trust gold 5s. .....1913 M-S
19 90 4 974
Bur Ced R & No 1st 5s. 1900 J-D 102 102 4 102 4 Sep '05
1004 102 4
Con lst&col trg 5s. ..1934 A-O 118 ...
11841814
1204 Sep '05
Registered
r2(>4Mar'o3
1931 A-O 116 ...
CRIF&MW lstgu 58.1921 A-O 109 ... 1124 Sep '04
M & St L 1st go. g 7s.. 1927 J-D
Choc Ok & G gon g 5s .ol91 J-J 1084
103 Ang'05
103 1164
19.V2 M-N 112*4
116
Consol gold 5s
(15
115 Apr'05
Keok ic DesM lst5s
1923 A-O 107 4.
109 1104
110 4 Sep '05
SllttOKIXANEOUM BOW IIS—(unlm
Mrcrl
Sang*
January 1
1
1034
>2d 6s
col u 5s l!<:i7
99*4 100
98
1st 6a
Bof Ua
Apr'9?
Aug'Oi
I2b4.
AN
RR*
103
124
129
.
»CBU?
1908
Ctauada Sonth
Ceu
J'ly'05
118
124 4.
Rochdfc Pitta 1st g 6s. ..1921
192-. J-D
Coneol 1st g 6s
Butlalo <fc Southwest beeh.ruButt & susq 1st ref g 48.U1951 J-J
income g 6s
;)1945
income g 6s
pl946
income g 6»
^/1W45
Chatt Oiv jiur mou g 48.1951
Mac ic .Nor Lnv 1st g 58.1940
Mid Ua& AU inv 5b
1947
Mobile Li:v lstg 5s
1940
11941234
123
99 Hi.
FA
1st pref
2d pret
Sd pref
DesMo&Mlnn 1st 7s. .1907
Illinois 1st 5s
1910
C F & St Paul 1st 5s 1909
Winona & St Pet 2d 7s.. 1907
MULS& West 1st g 6s 1921
Ext & Imp s fund g 5s 1929
Ott
R
Bur C R
1910
1910 J-J
1908 J-J
1919
1910
1910
1909
North
<fc P gen g 5s. ..193? M-S
West lstg 4s gu.. 199b A-O
Mali lstgu g6s
1943 J-J
AU&
D Exten 1st 7s
D 1st 5s
LaCroB86<fc
1.
134 V 135', 1344
110*4
M
J'ly'04
103
102 4
1921
1916
1924
Mineral Point Div 5s
So Minn Div 1st Os
Southwest Div 1st 68
Wis* Minn Divg5s... .1921
Mil & No 1st
D 6s.. ..1910
1913
1st consol 6s
1916
Chic & Northw cons 7s
Extension 4s
1886-1926
Registered
1886-1926
1987
General gold 34s
Registered
»1987
Sinking lund Os... 1879-1929
Registered
1879-1929
Sinking lund 5s.. .1879-1929
Registered
1879-1929
Debenture 5s
1909
Registered
1909
Debenture 5s
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
1
1294
1910
W
lst5s
1034
1124 Jan '04
1144Oct'04
ib"i'^ Salt
South u Div 1st g34s... 1925 J-J
Registered
/U925
Moiioii Riv 1st gu g 53..1919
Ceu Ohio R 1st cg4 4s..l930 MS
Pitta Clev &Tol 1st g Us 1922 A-O
Pitts & West 1st g 4s. ..191" J-J
Bat Creek ic s bee M ich Cent
Beecli Creek See
Belley ic Car bee Illinois Cent
Bklyn & Montauk See Dong 1
Bruus <Ss West bee Atl Coast L
9841014
I <&
1014
1014
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Div
Pac Div6s
lstg 5s
Dak<fc Gt Sog5s
Far <fe Sou assu g 6s
Hast <fc D Div 1st 7s
Chic& P
994 994
994 994
98 4 Nov '04
97 Oct '04
1014J'ly'05
974 Oct
/il94b y-J
Registered
General gold 44s
Registered
Craig Valley 1st g
RcfcA Div 1st con
2d consol g 4«
Warm Spr Val 1st
Greenbrier Ry 1st
Chic<fe
99°8J'ue'05
99 4 Jan '06
9»
A1948 A-O
994 994
994Nov'04
994
u34sl925 M-N y«4
Va sys ef 4sl941 M-N 100 34 Sale
M
May'06
!
W
PJunde
P LK&
102**
99< 8
MS
Registered
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Registered
1034
234 1014 106
7 100 4104 4
Lfi 100
106*4
99 K
99
944 99 4
'05
96 Sep
93 4 974
97 4
96%
94
98
FA
FA
W
103
102 4
1033*
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1995 A-O 102"fcSale
11*95 A-O •10l«a
Registered
Conv g 4s (subscnps).. 1956 J-D 103*4 Sale
99
A'ljustiueut g 4s
/il995 .Nov
Registered
A1995 Nov
9G'< Sale
M-N
Stamped
M995
98
Debentures 48 Series E. 190 F-A
98
Series F
1908 FA
1909 F-A
genea U
Series H
1910
Series 1
1911
Series K
1913 F-A
100
East okla Div 1st g 4s. .1928 M 8
Atl Knox <SsN beeJj&X
1014 Sale
Atlantic Coast 1st g 4s./ilP52
Charles <fc Sav 1st K 7s. .1930 J-J 144
Sav F <fe
1st gold 6s. .1934 A-O 1304
lst>;old 5s
1934 A-O 110%
Ala M Id lBt gu gold as 192b M-N nesi
Oeu
BiuiiMt W lstgu g4s 193b J-J
Sll Sp Oca&Ci gug4s 191b J-J
Atlantic A Dauv bee South Ry
Austin <fc JN
.S'eeSou Pacific
Uall A- Ohio prior lg34s. 1925 J-J
964101
99
<fe
1
.i.i ii iiTinill
(
NJ
gen'l gold 6a. 1987 J J
/il9K?
Dock * liupgu 5s. .1921 f.i
Le <ft Hud It gen gu g 5s 1920 .1 j
l..'h ii Wilks IS Coal 6s. .1912 M-N
Con fit guar 44s
t/1910 i^-M
of
Registered
1(»44 105-S.
103 4 104*4
UI4\
1044
105 « 1034 104-',
107 J'ne'OV
Sale 104'o 104
',
lnB
106 4 105 V
3
1 06 4 10>4
1054
134
1324J nc'(i5
136
134 4 Sep <.?>
110*4 109 J'ne'05
October
lint
II ly/i
10341044
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WMlCt
Ranae or
Lust sale
fVHav
Y
X.
January
»'a<;ks
BON Dei
STOCK EXOHANHK SI
Wkkk Kndino Octobkr 13
A'«Ni/r
=
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103^,
103^,
felttlU
V 8 3aooupou
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>
103\
103^
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Last Sale
l.f.
a
a
Week's
Arte*
fYiitav
8TOCK KXTH A NOK
WKKK ENDINi) OCTOBKB 13
N. Y.
Weekly and Yearly
Record, Friday
KOI'K
«M'fl!l'VIN«;
4
N
1
1
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Bond Eecord
llo8
BONDS
STOCK EXOHANOK
WkkK ENDING. OCTOBER 13
Chic St L & Pitts See Penn Cc
O con 6s. ..1030
Chic St P M
I
<fc
Cons Os reduced
OhStP&
l'.n
J-D
M-N
lit:-cn
&
St P
S City 1st g ($s.. .1919 A-O
Chicago Ter Trans g 4s... 194 7 J.J
Coii))on
oil
W est
Cine &
Chic &
Choc O
ml Ken a (is alVSi
M ich see Pere M arq
W
I
& Gull
.See
OR
I
1
<ft
I
CFind&FtW lsUu48g."23 M-N
Cin I
W 1st gu g 48.195a J.J
OIStL&O WeCCC&bll.
Cln 8 & O See C C C St L
Clearlteld
Mali See B R
P
Clev Cin C & 8t L gen g 4s 1993 J-D
Cairo Div 1st gold 4s
JJ
Cln W& M Div lstg 4s. 199 JJ
<fc
<£>
<fc
l
-s
;-.
t
WW
con Istg5s..l92s
COC<fc I oonsol78
1914
Cousolslnk tund7s
19)4
General consol gold 6s. 1931
Registered
19:m JJ
Ind Bl <fc
1st pre! 46.1940 A-O
S<fc CI
W
Olnd&W
1st pf 58...«tl938 (JJ- J
4s... 194i A-O
Peo ife East 1st con
income 4s
CI Lor
&
Clev &
Clev
Clev&
.
'v.
HS
98
111
:
1,01V
Jltt/ll
Low HlnH
p.ne<fc Pitts
!•-'-
133 78 138Hi
Evans
Sale
>4
Mai '')
122 V
1990 Apr
Wli con 1st g 6s. 193:;
Marietta &eePenn RK
Malion Val g 6s. ..1938 J.J
AO
&
Pitts See Penn Co
Col Midland 1st g 4s
1947 J.J
Colorado <fc Sou 1st g 4s. ..1929 FA
Coluni & Ureenv Set So Ky
Col & Hock Val see Hock Va.
Col <fc Tol See Hock Val
Col Coun & Term see M &
<'''»
'„
1
N
1915 J-D
1915 J-D
Registered
lstref gugSHiS
YLackcfc
W
20t)(i
J-D
1st 6s. ..1921 J-J
Construction 5s
1923
Term & improve 4s
1923
Syr King & N Y 1st 7s.. 1906
Warren 1st ret gu g 3 Has. 2000
Del & Hud 1st Pa Div 7s.l917
Registered
1917
Alb & Sus 1st con gu 7s. 1906
Guar gold 6s
1906
Reus & Saratoga 1st 7s. 1921
Del Riv RR Bridge SeePaRK
1st oon g 4s. 1936
Denv
Consol gold 4Hjs
1936
&KGi
FA
M-N
113 7flSop
110
119 Hi
103
1)7
95
95
'Ofi
103
100
]
l
Oct
:>.
4
Det M <fe Tol See L S & M So
Det & Mack 1st Uen g 4s. 1995
Gold 4s
1995
Det Sou 1st g 4s
1951
Ohio Sou Div 1st g 4s. ..1941
7% Sep
'05
Registered
1937
2d '6s
1916
Dul Short Line 1st gu 5s. .1916
Dul So Shore <fc Atl g 6s. .1937
L^astot Minn 6'eeStPM <fc M
See So
&NV
1
A
Y&
W
Jeff
RR
102
10334
100 '4 J'ly '05
'05
bl*p '06
Oct '04
SPp
10()34
163^1
103
100
9934 Keb'06
94 Hj Aag'03
105 Jan '04
102 Hi Oct '05
98
101
V
.
105^
.
102 «a.
101
134
100
ii
Hi
Sep
'05
104HiNov'01
98
98 Si
75
74
112H2Feb'04
8 i.i Sale
114
Aug'06
l
135
134
Hi
112»8 J'ly '06
123 '4 123 4
115
123'4
»
4
120
116HiJan'0.
,
74
75
93i2 y 4
Oct '05
76
93 7a
93 !4
1st gug 5s
al90'J
consol g 6s. .1935
Long Dock
W
1067s
106H>Sep'05
127 H» 127-4
129>4Sep'05
1j7^ Sale
129 "a 132
127
100 Hi
129 >s Sale
112*8
103
J-J
J-J
96
133
135
i41
J'ne'05
129i8
129! 8
i
101
100'e
Hi
112'hMay'05
104»4 10 3,
106^ Sep '05
102 Feb'03
134 May'05
149 Aug'Ol
101 14 Oct '05
7
100
142
.
.
100^
Mai '05
8
Hi
101^101\
101 Hi
101
106 34 Sep '05
Sep '05
108HU10 11(>
99 VI 00 \ 99 34 101 4
90*>4 Sale
90 34
90
Oil*
97 Jan '112
107
116
96 34
62 101
tort St
Et
&
Et W<fc
W
119
J-D
J-D
J-D
99 Hi
V
Sep
110
100
96
2d gold 4^8
193
General gold 6s
1940
Terminal 1st gold 5s. ..194
Regis $5,000 eaoh.„1943
MidRRotNJ lstgOs.1910
Wllkife Ea 1st gug 5s. 1942
I
fey & Ind 1st con gug 6s.. 1926
«al
Gray's Pt
Mar'05
Sep 'uo
81-tj
93 34
93 Ha 94 14
114
115
J'ly'05
J-J
103
113 34
J'ne'05
116
M-N
M-N
M-S
M-S
A-O
J-D
M-S
M-S
J-J
J-J
J-J
J-J
F-A
A-O
J-D
J-J
M-N
A-O
A-O
F-A
E-A
M-N
M-N
A-O
J-D
J-J
120 3
12034 Sep'05
.
IO8H1
112Ha
108 '4
108 34
113 34
109
113i4
103
,
113
105
,
18234 Sale
129^4
102 Sale
J'ly'05
132 34
,
1909 J.J
& C Co
Detroit City Gasg5s
1923 J-J
Det Gas Co con 1st g 6s. ..1918 F-A
EdElLUBku SeeKCoEL&P
132 3.
Feb '05
Aug'03
88
94
130
102
Nov'04
102
101 Hi Oct '05
94
94 H.
sale
Kan C & Pacific
Kan City Sou 1st
101
97
114
121
117
102
121 "a
103
107HallO
38
120
116 Apr'05
101 >8 Sep '05
107 H2 Sep '05
1
17
Hi
Jan
'06
LN
Y 1st con g 6s. .1932
Elec Berg Co eg 6s. I94!t
Gen Electric deb g 3 'as. .194
Gr RipG LCo lstg 6s. ..1915
Hudson Co Gas lstg 5s. .1949
Kiiu City (Mo) Gas 1st g 5s 1922
JKuiksOo El
P g 6s... 193"
ij
M-S
lUHa
114
80
172
171
174
103
104
103
105
sale
104
77Ha
114V
80
174
Oct
Sep
'06
'05
112
9 6 Hi
116
UIH2H6
61
90 Hi.
F-A
MN
101
Sale
Hi
Oct
'01
'05
Sep
Dec '00
109HiFeb'05
91
107 34
Ill
97
107
122
96
...
...
85
May'05
101\4
Hi
Hi
H,
Uo
92
102HilO5ij
101',- 171
102
112
Hi
99
103H3Sep'05
Sale
112V,
112H
lo5HiJ'ly '04
102
IO0
J'ne'O.
102V103'b l02\Sep 'u5
111
Sale
111
82 Hi.
95
95
92
112Hi
103
-
.
102^
109V11H4
111
liaHiMar'OO
102
102
94 Mar'oS
101 Hi May'05
70 Oct '0
107 34 Aug'o5
Oct '0
1 02
107
107
J'ly o."
106 Hi
106 Hi Mar'03
94 14 Sep '05
123 Mav'y;
Oct '05
81
85 Sep '05
105 34
loo
03
....
99 103 V
9S'4l02
Oct '05
101
m
101 H3 uct '9'.100 Xov'IM
IO0I4
.
103
102
iiiiiaioiia
1
105
103
107
104
Hi
Hi
Sale
3 '4
"95"
9 4*4
1<
lo7
>a
.
122
Hi
103
9i 58
103
.
86
85
81
84
95
"WH
Hi
96
May'05
109 is 109 >«
J'ly'oS
122
Nov'9*
09
"s
122
123 H, 125
9358 May'04
.
107 Hi HOHiJan'05
103 Nov'04
UOH2IIOH1
joOV^ep'Oo
Hi Dec '02
109V109VS
99 34 J')y 'o5
120 -a Ang'<>5
100 34 Oct 05
82 Sep '05
113 34 Sep '05
87 Aug'05
99 VI 00 Hi
119 122 Hj
iOO 103Hi
107
loo ^
122
lOlHj
78
82
114 VI 19
83
86
72
gold 3s.. 1950
1'6H>
94 "4
124 J'ne'oS
119 34 Mai '04
.
1
SeeStL&SF
See M K & T
103
90
.
109 J*
109 '4
1)
KM Hi 107
122
1
.
103Hz
12438
108
0.1
1
Mar'05
96
.
Hi.
1'j5'4
Sale
7n'
:
-
82
U2H2U6
So
88
70
72% 173
71«a
63 Oct '00
I960
119
75i«
Ill
108 34
E1C&N
L07>aiT6»s
,
11238 U2\iOct 05
10-Hi...
108HiAug'0f
3
101 4 ...
119V...
118 Hi 118H,
109 Hi Oct '99
3
4ll5Hi 115 J'ne'05
1
117V120
llOHil^ia
)08Hj1o8Hi
10 117Hill9
H3
97 Hi...
97 Hi Sep
'0
i
>g
115 115
97 Hi 99
194"
Registered
HS^inHi
I17Hil20
ll^Vll'J *
'05
'06
:,
V Ter Ry 1st gu g5s.l941
Registered
1 94
Leh V Coal Co 1st gu g 5s. 1933
Leh & N Y 1st guar g 4s.. 1945
U7'8l20 34
119
119
....
115V...
)]5 tOct
116HU17H! 118 Hi Sep
Leh
IstptOs
Gold guar 5s
104
1914
1914
Long Dock See Erie
Long Isl'd— 1st con g5s./il931
106H»Noy'04
Leh
Leh
100 103 1!!
lOlHilOlHi
91
95
.
10oV
& Hud R See Cent o£ N J
& Wilkesb See Cent of N J
Leroy & Caney Val 6'ee Mo P
101 Hi 103
132 34 137
1st consol gold 4s
General gold 4s
Ferry gold 4His
Gold 4s
..
Unified gold 4s
Debenture gold 5s
105 110
120Hil24 l4
10234 105
l34H2l36Hi
Guar ret gold 4s
Bklyn <fe Mont 1st g
101
11514
/tl931
101 Hi
103
98
1932
1949
1934
1949
6s. .1911
191) M- S
Gold 58
A-O
M-S
9 J
M-S
J D
1937 M-N
N Y B<feMBlstcong5sl93o
192,
N Y & R B 1st g 5s
NorShB 1st con ggu58 01932
Louisiana & Ark 1st g 5s. 192
Louisv & Nashv gen g 6s. 1930
/
104
106 34 111
117Hill7Hi
1940 J J
Unified gold 4s
1940
J
Registered
1931 M N
trust gold 5s
Coll
5-20-yr col tr deed g 48.1923 A
1919 J D
E H & Nash lstg 6s
IOSHjUO^
109' s l09 7g
113 34 114
113
66
168
118
80
189
99 Hi 103 Hi
105 105
Contiiiuetl
)Ol»8
lOl^
102 4 Sep '05
89 Hi 92 Hi
109 Hi 109
.00 100
H;
116
117>t
99 >4 Oct '04
100% 100'j 102'iaAug'05
110
110 J'ne'04
101 B8
101 34 Sep '05
105
102 Hi
105Hi Mar'o3
111 1*
112 Mar' 02
110 l4
11)38 May'05
112i8 J'ly 05
111*4
104 Hi 107 Aug'05
2
i 'i 8
4
121Hi 12) Hi
120 Hi
U8''4 Ma>'05
3
10434 Sale 104 4
105 H 102
'
101
7
8
100V102"*
1
02
>4
106
IOOVj 103
,
ioi" ib"3\
lllSgDIH
)12H,112it
104V107
119
122
117 119%
102 Hi 105 «t
J'ne'04
115 Hi 117ia II8H2 Sep '05
114V118««
98 Hi stile
98*8
98 H; 224 97 Hi 100%
11434
114*4 J'ne'O
114 VI 17
I
on .Next Page.
UfU) mid Electric Light
Lac Gas Lot St L 1st g 5s.el919 Q-F
1934 AO
Rei and ext 1st g 5s
Milwaukee Gas L 1st 4s.. 1927 M-N
N V G E L H <te P g 5s. ..194s J-D
Purchase money g 4s.. .1949 F-A
Ed El 111 1st conv g 5s.. 1910 M-S
1995
1st consol gold 6s
NY<fcy El L&P 1st con g 6sl930
Rich Gas 1st e 5s. 1921
Pat & Pasi* & E con g 5s. 1949
Peo Gas & C 1st con g 6s. 1943
1947
Refunding gold 5s
NY*
Aug' 05
116
9934
193192.
1st 5s
116 116
117 121
114 l4ll6
Nov'03
112
108
90
102
•J
110 "-4 Sep '05
109' e Jau'05
114 Apr'06
107Ha
111 34
113H2
J-D
F A
W
Knoxvilie <fc Ohio See So Ry
Lake Erie <fe"W 1st g.5s.. 1937
2d gold 5s
1941
North Ohio 1st gu g 5s.. 1945
L Sho & Mich S See N Y Cent
Leh Val N Y 1st gu g 4 His.1940
Registered
1940
Lehigh Val (Pa) cons <r 48.2003
84
(
134H2J'ne'o5
118 J'ly '04
116 J'ne'05
121
121
X13%
Kentucky Cent See L & N
Keok & Des Mo See C R I&P
'4
133Hi
115H3
Mar'9*
90
1921
W
95VSale 9514
95 7 41 94 14 98
108% Sale 108k 109 316 9534 114%
125%
126H>Mar'05
126 Hi 126 Hi
3
104 4
110 Mar'o5
124 124' 12414 124
3
101 4
104 Hi Sep 'On
116
114
'04
KB
LS
W
EdEIll£eeNYG<fcELH&P
Eq
See St
1
—
and Electric Light
Atlanta G L Co lstg 5s.. .1947 J-D
Bklyn U Gas 1st con g 5s. 1945 M-N
Buffalo Gas lstg 5s
1947 A-O
GaR&
Term
Registered
1999
112 114S)
Col & H V 1st ext g 4s.. 94*
12134 123^4
Col& Tol latex 48
195;H oust E &
Tex See So Pac
131 J4 135
Houst <fe Tex Cen See So Pac Co
Illinois Central 1st g 4s. .1951
Registered
1951
Istgold 3His
1951
98 101
Registered
1951
71 Hi 84
Extended 1st g3H>8
1951
1st gold 3s sterling
1951
Coll Trust gold 4s
1952
U6H1II6H2
Registered
1952
L N O <fe Tex gold 4s ...1953
73
77
Registered
1953
31
90 14 96 Hi
Cairo Bridge gold 4s
1950
LouisyDiT&Term g3Hl8.1953
Middle Divreg5s
1921
Omaha Div 1st g 3s
1951
St Louis Div&term g3s.l951
Registered
1951
Gold 3Has
1961
Registered
1951
IO6H2IIOI4
Spring Div 1st g 3Hi8...1951
126 129 ',
Western Lines 1st g 4s. .1951
Bellev & Car 1st 6s
1923
128V13134
127 130
Carb&Shaw 1st g 48. ..1932
Chic St L & N O g 5s.. .1951
11 I27 34 130 Hi
Registered
1951
11218115
Gold 3 His
1961
108 105
Registered
1951
105 Hi 108
Meinph Div 1st g 4s. ..1951
St LSou 1st gu g4s
1931
134 134 Hi Ind Bl & West See C C C & St L
Ind Dec&
1st g 5s
1935
loiuibT'*
1st guar gold 5s
1935
10078 l()6i 8 Ind 111 & la 1st g 4s
1950
142 Hi 142 Hi Int& Great Nor 1st g 6s.. 1919
2d gold 5s
1909
17 100
8d gold 4s
102 H:
1921
106 34 109 Hz Iowa Central 1st gold 5s. .1938
Gold 4s
1951
107HU10
98 101 J* Jefferson RR See Erie
89
94 Hi Kal A & G R See L S & M S
an<feMicli See Tol & O C
K C Ft S & M See St L & S F
107
Oct
105
113
1
J'ly '04
Oct'O"
Oct '05
120 l4 124"«
106V112
A pr '05
102
ousatonic See N Y N H & H
Hock Val lstconsolg4Hi8.1999
100Hjio3
01 Hj 102 H-
101
96
70
90
114
At Low High
JS'eeSol'acCo
Greenbrier Ry See dies & O
Gulf&K I lstref&t g68 61962 J-J
Han & St Jo See C B <fc Q
J-J
M-S
.
ol
Registered, fi
99 34
««ns
Con sum Gas See P G
H
V
I13 3t sale
90 Sale
Gt Nor— CB<feQcolltr4s 1921
,
lUDSCELLAiSEOllSt BtdNUs
Consol Gas conv deb 6s
<fe
Grand Kap& Tnd See Penn
104
'04
101 Sep '05
'Jbh J'ly '06
101
97
(.
109V
112
104
H.ijh
Oct '05
Sep 'OS
122
112
114
101
.
Since
January 1
Gila V G & Nor See So Pac Co
Gouv & Gswegat fc'ee N Y Cent
A-O
1st ret 6s.l937 J-J
,
H
O
1:1
AXK Low
\tita
•j| 122
U D Co 1st g 4 HiS.1941
Den 1st g6s.... 1921
RioGr 1st g 48.. .1928
KC&MR&B
105
Penn Co
1882 1st 58.1913 A
Georgia & Ala See Sea A Line
Ga Car & Nor See Sea A Line
jeorgia Pacitlo see So Ry
1
99 34
Octobr
1st
'alHar&HA
'
1
00 1
4
98 Hi IO0 3
7
7
100 b103 c
1
See
H
I
Registered
iCoal&RR 1st cur gu 6s. 1922 M-N
,Dock<fc Imp 1st cur 6s. .1913 J-J
N Y & Green L gu g 5s. 1946 M-N
N Y Sus &
84% d& 34
Ry
Elgin Jol & East 1st g 6s. 1941
Elm Cort
See Leh
Erie 1st ext gold 4s
1947
2d ext gold 6s
1919
'3d ext gold 4 His
1923
4th ext gold 5s
1920
6th ext gold 4s
1928
1st consol gold 7s
1920
1st consol g fund 7s
1920
Erie 1st con g 4s prior.. 1996
Registered
1996
1st consol gen lieu g 4s.. 1996
Registered
1996
Penn coll tr g 4s
1951
60-year conv 4s
1953
BuffN
Erie 1st 7s.. 1916
Buil<fcS
gold 6s
190«
Chic <fe Erie 1st gold 5s. .1982
&Ko
25 ^
99 i e
11314 115-4
'05
11
101M
M-S
A-O
A-O
M-N
FA
MS
M-S
Range 1st 5s.. 1937 A-O
Ten Va <fe Ga
1
i
104
Sale
4
:,
AO
Improvement gold 5s. ..1928 J-D
Rio Gr West 1st g 4s
1939 J-J
Mge and col trust 4sA. 1949 A-O
Utah Gent 1st gug 4s al917 A-O
Rio Gr So gu See Rio or So
Des Moi & Ft D See M <fc St L
Des M & Minn See Ch & N W
Des Moi Un Ry let g 5s.. 1917 M-N
JU/ast
122'H>
80 1*
•(>'
00 34 J'ly
103%
"'
Dul<fc Iron
135?8
I2J
W
Conn <fc Pas Kivs 1st g 4s. 1943 A-O
1\ak & Gt So See C M & St P
'alias & Waco .See M K & I
Del Lack & Western 7s. ..1907 M-S
Morriscfc Essex 1st 7s. ..1914 M-N
1st consol guar 7s
1
98--'.,
)SH
>..
'.35
Alii '06
&
/riilay
cone 6s. 1921
lstgeneral gold 6s
1942
Mt Vernon 1st gold 6s.. 1923
Snil Co Branch 1st g6».193(J
L'argo <fc So See (Jh M Ji St L'
I
iini Jt; PereM
See Pere Mai
i'lac<fe Penm See Sea Air Line
Dec '03
122'-
122'<
:
Bt LDlv 1st col trg4s.. 1990 M-N
Registered
1990 M-N
Spr&ColDlv 1st g 4s. .1940 M-S
Val Div 1st g4s.. .1940 JJ
C 1 St I. & C consol 0s..l92o Vl-N
1st gold 4s
,...*193ti 'i-F
Registered
fcl93i;
Oln
135
1
•
Cin H <fc D ad gold 4HsS...1937 J-J
Cin D<fc 1 1st gug 5s. ..194 Vl-N
'
.
J.
to 3Hi8.1030
Minn IstgO.n
Nor Wisconsin 1st 6s
138
94 \
January
138!8
93
136*8
A 3k
j.;>
aq«5
N. Y.
Hange
WeeK't
Ilanue or
Last Sate
Price
STOCK EXCHANGE
Week Endinu Octobi:e 13
Since
Last Sate
Vol. lxxxl
2
BOMOtJ
Range
Weeie'i
Jiaui/e or
tYiday
October 13
N. T.
—Continued—Page
108% S»J*
108^4
"93%;™!
F-A
'/IN
123
106
103%
100
M-8
A-O
M-S
ChG-L&Ckelstgug5s 1937 J-J
Con G Cool Ch 1st gug 5s. '36 J-D
103
Hi
,
107
lOSH,
108 109 Hi
106 107
100 Hj....
10SH:
05 H. May'05
93 Hs Sep '05
1)0 Hi Sale 110%
92 Hj 92^ 91 34
103
II6H1
102 '4
J-J
1
110%
92
10358
119 Hi Apr '05
106 May'05
103 May'05
105 >4 May'05
123
123
109 Aug'05
110 Sep '05
108Ha 10SH?
104 Hi J'ne'05
107 34 110
105Hj 106%
92
93%
108V1J1%
91
97%
103 VI 09 Hi
U8Hill9>*
108
105
103
103
105V105%
127 Hi
107 H? 109
108 110
107 4 1094
104 Hi 107 4
123
,
Mu Fuel Gas 1st gu g 5s. 1947 M-N
Syracuse Lighting 1st g 5s. '51 J-D
110 U-.'L
199.
122 Hi 124 H: Sep '05
110 May'05
12234 127
(Teuton G <fc El 1st g 5s.. 1949 M-S
Ki: El 11 Bkn 1st con e 4s 1939 J-J
111 l4 113'
9 Hj Apr'05
...
94 Hi 94 Hi Westchester I.isht'sr g 5s.l950 J-D 110VK2 113 Jan '05
L,"J>"" price Friday; latest bid and asked this week. aDuejan b Due Feb ciDue^.pr eDuejiay /iDuej'ly KDueAUK
Due Oct qUaaueo eOutiou sal*
L&
Purchase money 6s
A-O
A-O
A-O
100
...
Ms.y'05
1
.
Oct. 14
m
Bond Record— Continued—
n)n5.l
BUNDS
Week's
Price
5
1
Pensacola Dlv sold (is... 1920 M-S
1921
fit L Div 1st gold (is
1980 M-S
gold 39
Atl Knox A Nor 1st g6sl940
Bdgelst si g 6s. 1931
Hender
J
Kentucky Cent gold is.. 198*1
MS
JO
M
I
1
A
SAN
Atl 1st gu g 6a.. 1931 K-A
Ala con mi g 68..1986 K-A
LA Jett
BdgeCogyig4s..l945 M-S
See C I A L
Mahon
Coal
1910 A-0
Sink fund goU16s
L N A A Ch
.See
LSA
M
llo^
1124
10-4
S
9
4
4
4
i
4
984
4
11 B
1
1
.<
11C.4
si^.
127
24*4
264
B hi
17^
20
/06
97
04 4 Sep '05
90»8J ly 0J
78 »8 82 4
264
11
20
85",
May'00
105
1910 J-D
94 4 99 4
,
,
MilLSAW 4'«Ulilc4NV
A
MA
St I'
See Cli
1st gold 7s. .1927
North
L
St
A
ret gold 4s. .1929
Riv A U Div 1st g 4s.. 193a
1st g 5s. 1920
Verdi V I A
Mob A Birm prior lien g 5s 1945
Mortgage gold 4s
194S
Mou J A K C 1st cons g 5s. 1953
W
101
AO
MS
J-D
MS
M-N
Hi
Nov'01
1014
Sale
109
1924
4
103-'4
M-N
M-N 1'<!54
M-S 105 4 106 HM-S
1074
103 4
1194
!09-»4
94 34
J-J
94 4
96»8
Sale
M-N
97
MS
Oct
1104
964
98 4
1044110
91
95
1124
99
11334
95
l<eO'O0
Nov'04
Nash
W
TAP
New HAD See N Y N H A H
N J J uuc KK see N Y Cent
New A cm Bilge See PennCo
NoA.N E prior lien g 6s »1915
N 1 Bkln A Man Bch See L.
N i Cent A H lav g 3 "as. 1997
120
1-J4
H34H54
192s A-0
1st consol gold 5s
Jasper Branch 1st g (is. .1923 J-J
McM M A Al 1st 68.. 1917
Branch 1st lis
1917
Nash Elor A She! See L£.\'
Nat ol -Mex prior lien 4*28.1926 J.J
1st consol 4s
1951
119
124
105
4105 4
113»b ..„
113
....
106
83 4 Sale
AO
123
1144 117
U74Maro6
113
1174 U7 4
J'ly '04
!054May'05
834 83 4
Registered
1997
1934
g 4s
.Lake Shore coll g 3 4s...ioo.s
Registered
1998
Mich Cent coll g3 4s
1998
Registered
1998
Beech Creek 1st gu g 4s. 1936
Kegistered
1936
2d gu gold 5s
1936
P9«8
99
102 4 102 4
Wash Cent
Salt
Sale
1st g 3 4atVl951
Carl
Ad 1st gu g 4s. ..1981
Cleart Bit Coal 1st s 14s. 1940
4
90
101
102 4,
10J
107
105
106
.
I'll
*S4 904
89 4 914
and Iron
Co gen s f g 5s. .1943
Convertible deb ir 5s
1911
Col C A I Dev gu 58 g..l909
Coi t-uei Co ten gold 6s. 1919
Or Riv Coal A C lslg6»1919
Col Indus 1st convSHKu A. 19. 4
1st g A coll 5» gu Sir B. 1934
Coiitin'talCUtsf gu .7s g. I :>."..
Jen A- Clear C A I 1st g 68.1926
2d irold 5s
19-^ii
Kan A H (J A Cist sfg.7
Pleas Val Coal 1st gs f ."s. 19-.Tenu coai gen 5s
1951
1034104
I
lenn Div
1st g «s
al917
flimi Div 1st consol 6s. .1917
Can
Co 1st gu g 68.1922
M
V
4
De BarC A
Iron Coal
1
A
Co gu g 68.1910
Co 1st g 5s. 194.'
*.>o uric* Jrridar: latest bid
.
1034 Oct
94
90
'.'.'.'.'.'.
72
Sale
102
85
'0.7
105 4
90
70 4
664 744
1
lo7 May'97
102 4 Oct '03
105 4
1064
iii4"
105 Oi -t '""
loo 4 Salt lmi
1004
112
1104 112
110
110
112
103 3<
103 4
l"5 r'„
105 4
1194
•04
4 107 4
106 4
103
103
107
Hi
12
105\
1324
1014
13341334
I05*e
\
1
100
1044
111
'05
.'8
97 lOO^g
94 4 98
109 41094
100 103 4
65 10434 106 34i
103 4 1064
b'il
.
1124
754 784
74 4 76 34
99 4 102
2.
125
132
J'ly '99
J'ly '03
126<4
125
109 J'ne I).
100 Aug'05
92 4 Api '05
994101
924
92
11441164
1184 Feb'05
Salt
I0734 109
114 4 Aug'O..
1154
111
.
32 34
132 4
101 7*.
99 34 J'ne'04
.
4105 B8
1114 112
'(>.">
Dee,
L024 106-4
103
Aug'05
Jan
125
1184 1194
1-.
HI
111
llll
994
11434
994
1154
1024
1st
i
116
9941014
115 4
994
14 34 Sep '05
9S»8
1173s
1164
113
104 4Aug'05
102 Apr '02
109 Sep '"5
106 Aug'05
102 JMov'98
934 Aug'uo
98 -.
984
120 J'ne'05
108 4Aug'03
Ill
93 4
93 4 98
10241044
108 4 1114
106 106
93 4 94
98 34
97
11734 120
no's.
98 4
99
98 4
98 J4
Jan '01
Nov'00
Apr '04
1124
1124
1124 1144
1123* n;434
104 4
1123a 11 -J'.
112 4 J 'ne'".'.
103 J'ne'05
•••34
96 4 Sep '05
03
127 4 Oct
121
Mar'04
119 Apr '04
107
Feb 05
106
96
102
984
1044'
1124'
112
WAC
1"5
123
1124113
DM
103
964
'0'.
1084
107
U14Scp'04
110
l"6
Aug'o::
mo 4 1024
10114
1004
lo4 34 Sale
UM'j
10434
52 ,"1
1044
II04
1034
102
110
Nov'97
Jan 'Of.
110
ex 1st gu g 4 4s 1941
1103b
1114 J'ne'05
iii" ill
POSgJ'IyMW
Ang'06
96 4
98
98
Gr R
A
1
,
107
110
'4
on Next »*a«o
Tele»rnpli nnd Telephone
Telep A Tel coll tr 4a 1929
Co 1st 4a. .3397
Mel I A T 1st s ft 6a
1818
N Y it N J To gen g 5a.. 1930
n II Union col tr cur 58.1938
Fd and real est 4 4<... I960
Mul Un lei h lund 6m. ..191
Northw Tel gu t 4 4s g.. 1934
Am
Coiiim <;able
•-'
I
-
'1
Hi
1174 M9<V,
ifeb'06
11114
104
103 Oct '0.')
.
1153a.
Ztl9l2
D 4s guar
E 34 guar
F 4s guar
•
74 4
73 30"
713«
Sep ".'
Jan '02
.
112
B guar
C guar
BONDS— Continued
J'ly '"i
1074 Deo
-',
1
13 4
76 J'ly'OS
102 4 101 4 Sep '05
92 4'
RR 1st real est g 4s. 1923
Consol gold 58
1919
Consol gold 4s
1043
Convertible g 3 4s
19 1
Convertible g 34s
1912
Alleg Val gen gu g 4s... 191'.
CIA Mar 1st gu g 44s. .193;"
107
103
J'ly '05
73-. Sale
100
D R R R A Bge 1st gu 4s g.'36
'02
'05
107 4 Oct '04
1024
99.
106
lis
Sale
I004
1st
1
To':.'"
2(1
105
1044
125
116«8
112
106 4
Penn
4 J'ly '00
..al
1
A
90
89
105-4 107
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K
124
120
194 Mar'06
l064Sep
3d 7s
'JJ
Apr '02
Oct
Sep
100
ll'O
'.'.'.'.'.
2d7s
ln2'i
.
95
Sale
194
1942
194
1949
g
195
7s. ..1912
1912
Series
Series
Series
Series
Series
Pitta Ft
1
1004
:1
106 s8 Sep'O.">
102 Mar'04
.
'4
.
Scries C 34s
194.^
Series D3 4s
1950
Erie A Pitts gug34s B.1940
Series C
1940
.
A
Gouv A Uswelst gu g5s 1942
Moh A Mai 1st gu g 4s. .1991
N J June K gu 1st 4s.. .1986
N YA
1st con ku g 4s 1993
124
119
106
132 4 May'OS
78
Sink fund subsidy g6s..l91o
Penn Co— Guar 1st g 4 4s. 1921
Registered
1921
Guar 3 4s coll trust reg.1937
Guar 3 4s coll tr ser B...1941
Tr Co certit's gu g 3 43.1916
C St L A P 1st con g 5s. 1932
Registered
1932
CI A Pgeu gug 4 4s ser A. '42
Series B
1942
98 s4 loo^e
00 4
99
90 34
90 4
90
80
90
8934
89
90 4
107 4.
88
101
90
Beech Cr Ext
10 2
I
10334
Registered certidc's..l923
St Paul A Dul 1st 5s. ...1931
2d 5s
1917
1st consol gold 4s
1968
85
7934
99 \
3ep '05
904
sale
109 4 Apr Ml
ITeuMifl
134
119 .I'll.'".
106 J'ly 05
1044 Sale
. .
Deben
Col
W
N AC Bilge gen gu g4 4s 1945
P C C A St L gu 4 4s A. 1940
Sale
123 4 124
99 4
99 4
96'
9634
96 4
107 n8
109 Hj l''ob'05
102 4103 102 4 Oct '05
1922
W
I
99'8
98 J4
102
90 \
s*
89 34
89
106 34
123 4 Sep '".-.
139 Jaii'03
112
133
"994
1996
CCA T lstgug 5s
112^4
A-0
131
129
101
NYC
W
Sep '05
Sep '05
1213s 123»„ 121
116
122 4 124
124
j.j
110
1334
HSOg Oswego A Rome See
95
O C F A St P See C A N
Oz'rk A Cher C 1st gu 5s g.1913
1946
Pac Coast Co 1st g 5s
ac of Missouri See Mo Pac
Panama 1st s lund g44s..l917
LA W
1st 7s. 1913
103 4
102
13134 Apr '03
,
102
General gold 5a
1937
129V Ore A Cal See So Pac Co
122 126
Ore RR A Nav See Un Pao
96 4 99 4 Ore Short Line See Un Pao
Sep '05
Sep '05
99
95
101
103 4
100
May'OS
1'.6 34
12o4 J'ne'05
115
4
'4 108
9941014
1074
IO334 sale
9:- 4 100 'j
1
122 4
99
115
91
9.
1(10'
,
I
14 Sale
125 34
5s.. 1937
W
96
984 97 Sep '05
21' H Oct '05
129^4 130
lull
1
i"i 4
10
g4s
1948
Nor Pao Ter Co 1st g 6s. .1933
93 8 963a Nor Ry Cal See So Pao
94
98
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
A
See C
OIndRiver RR 1stC A St L
93 4 93 4
hio
g 58.1936
'o:,
96
98
109
1
Scio V A N E 1st gu g 4s 1989
North Illinois see Chi A N
North Ohio See L Erie A
Nor Pac— Prior lien g 4s.. 1997
Registered
1997
General lien gold 3s
a2047
Registered
o2047
St Paul-Dul Div g 4s
1996
Registered
1996
C BA Ocolltr4s 6'eeGtNor
st P A N P gen g (is. ...1923
1164119 4
1114Mar'04
96
96
HO
107
1064 Mar'06
II04
1154
lstlAgeng4s...l944
Pocah C A C )oint4s..l941
116 4119
Southern
See Del
Chat A St L
1014
193"
Registered
105 4
103
94«4
96 58
105
974
107
1194 1194
1154 Oct '05
115 4 116
..
99-4 100
76 4
Div'l
103^ 107
1214 125«g
1 05 4 1103b
97 34 Oct '05
110 Mar'05
103 4 Sop '05
1074
ji)..^
103
103
994J'lie'".
lOii'-jNov'OO
N V A Green w Lake See Erie
X Y A Har See N Y C A 11ml
N Y Lack A W See D L A W
N Y L E A \V See Erie
N Y A Long Br See Cent of N J
New York New Hav A Hart>-
94
Mohawk A Mai SeeS Y C A H
Mououuahela Kiv See B A O
Mont Cent See St P M A M
Morgan's La A T See S P Co
Morns A Essex
100
RWAOT
109a4
94 "a
107 Hs Aug'O
4
944 94 4 94 Oct '05
F-A
J-J
F-A
J-J
1093,
10.N3.,
1
111
1144
104^8 109''4
106 110
lOO^s 107 4
104 4 10834
107
F-A
M-S
1
87
lo6 's J'ly '05
108 4 Aug'05
105 4 1U5 S4
125
125
105 4 1064
10;*
106
105 4106
u
See
1014 Sep '05
1
<4
St L A
g 4s..el93o
Guaranteed u 4s
1931
coll 4s
97
97
974 Aug'05
92->4
92
92
92»4
109
105 4 Dec '04
93 4 97 4 97 4 Aug'05
1124
112 4
1124
1094 109 34 D/94 109 4
109 V 1094 1094
(Jairo coll
O
I
87 Hi Sale
86
S7 4
106 "si 08 4 1093, Oct '05
J-J
J-J
J-J
wlno new gold 0s..l927 J-D
Mob A
1st extension gold 6s. .A1927
193s
General gold 4s
Moutgom Div 1st g 5s. .1947 F-A
MA
1194..
1174..
R let ga g 68.1918
UtloaA Blk Rtvgng4s.l922
N Y 'hio A St L 1st g 4s. 19:'.?
Registered
109 4
..
..
1
lliij'i
137
1
20 14 Apr'05
103
J-D
F-A
M-N
A-O
M-N
F-A
137
3 »4 Mar'or>
114'4 J'ne'05
102
8t L IrMASgeucou tr5sl931 A-0
Gen con stamp gtd g 5s 1931 A-0
Unified
I
I
»y7i.A
1?
M
M
J'ne'05
108 s4 J'nr'05
116*%113
MS
01990
2u eold 4s
1944
1st ext gold 5s
2001
St L Div 1st ret it 4s
Dal A Wa 1st gu g 5s. ..1940
Kan C A Pac 1st g 4s.. .1990
Mo K A li 1st gu g 6a.. .1942
194.
K A Ok 1st gu 5s
R A TotTlst gug 58.1942
Slier Sh A So 1st gu g 5s. 1943
Tex A Okla 1st gug 5s... 1943
1900
Missouri faciuc 3d 7s
1920
1st consol gold (is
Trust golo 5s stamped. al917
al917
Registered
1920
IstcoU gol<l5s
1945
40-year gold loan 4s
Cent Br Ry 1st iru a Is. 1919
LeroyAC V A List g 5s 1920
Pac K of Mo 1st ex g 4s. 193s
2d extended gold 5s. ..1938
114*4
106
N H A Derby con cy 5S.191S
08 34
\ N Y A North See N Y C A H
1204 122
N Y A NY rel 1st g 48..01992
Regis 85,000 only
1134 113 4
crl992
114 4 117*4 N Y A I'ut see NY C A H
95 4 98 '* N Y A R B See Long Island
96
98 4 N Y S A W see Erie
N Y Tex A M See So Pao Co
10234 Nor A South 1st g 5a
99
1941
Norl A West gen g 6a
1931
Iniprovoin't A ext g 6s. .1934
IOOH1I044
New Kiver 1st g 6s
193'J
^4 3 8834
N A W Ry 1st con g 48.1996
137
1104
M
A
M >t A SS M cong4intgu'3s J-J
M S 8 M A A 1st g 4 int gu 1920 JJ
Minn Un See st V M AM
1st c 4s. ..1990
123
1354139
1
1
No Low
122-4
1962
1
Jltt/li
103
1961
Housatomc K con g
139
109
117
J-D
J-D
A-0
J-D
M-N
1909
Iowa Ex 1st gold 7*
Paoitic Kx 1st cold (is. ..1921
South West Ex 1st g 7s. 1910
1934
1st oousol gold 5s
1st and refund gold 4s. .1949
A Ft D 1st gn 4s... '35 J.J
Des
Minn St L gu See B C K A N
Mo Kan A Tex
100
1003gSiUe
(
Midi Cent seen Y Cent
Mul ol X J See Erie
Minn A
S 1st g 34s
09 \ Sale
since
January
Last Sale
Ask Low
l"S4 109
L034 103
A Slur lstgug 38.19S9
N Y A Harlem g 3 4s. ..200"
200"
Registered
N Y A North 1st g 5s. ..19:
R W A COD st ext 5s. h 922
Oswe A K 2d gu g 5s...el91">
4109
19
1
C
Hat
Week's
Kange or
Hid
>
g3 4s
1st
104
(
FA
Id u
LA
J
1034107
104
106
13
A H
Ceut
Hangs
Price
AVirfnw
October 1.1
STOCK EXCHANGE
11
'894*894
81
MS
1st irold 8a
1
n;>
81 4 Salt
25 Sale
18
1S<.
Internat 1st con g 43.1977 M-S
1977
Stamped guaranteed
Mex North
:
'-02
111)
125
JJ
Mex
114
104 Apr '05
IOC's
106\
W
4
-4
984
104\
103^
1*064 Salt
AO
1
los
98
iMiil'iT>
103 34 Sale
anliattau Ry consol 4s. 1990 A-0
1980
Koristere.l
1908 j.j
Metropol El 1st g 6s
Colouiz g 5s. ...1934 J-D
Man S
HcKpt A B V see N Y Cent
Metropolitan El see Man Ry
Mex Cent oousol gold 4s. .1911
1st consol income g 38.01939 J'ly
2d oousol income g 3s..al039 Jiy
1919 A-0
Equip A coll gold 5s
Coll tr g 4 4s 1st Ser. ...1907
7
109
74«4i
U34U4
110 Mar*03
99 4J'ne'05
97 4
121
159
age
II—{Continued
n,.i a \iont lstgug Ba.1816
West Shore 1st 4s gu.. .2:101
Registered
3881
1997
Lake Shore gold 34s
1997
Registered.
nobonliiro g 4s
1928
Dot Mon ATol 1st 78.1901
K'a A A- (t R 1st gu
68.1938
("1 111! let 6a.. 1934
Mai
Pills MoK A Y 1st gu 6s. 193
2d guards
1934
MoKeesA BVlstgOs 1918
M loh Cent 1st consul 6s. 1909
1931
5s
1
193
Registered
4s
1940
194"
Registered
111
1314
N Y
4 188
4 12S
111
1214M«y'or»
74*8 001 '08
70
80
110 118 114 4 Sep '06
113 Nov'99
107
10141024 lol4 10U.
108 41103* 108 Sep '06
97 4 98 Si B8
98 4
115 4 Sop '06
l ls^ny
114
1124 Mai •(>.-.
LA N & M A -M 1st g 4 4a 946 M-S
L<fc N -South M joint 4s.19.V-' JJ
N Fla A 8 lstgug 58... 1937 FA
Pens
109
12S
126
1
Wkkk Endinu OCTOBKK
1
how Utah
laCa
MS
N. Y.
January
1
8
5
UUN1M9
Han^/e
stnee
fYidav
Range or
STOCK EXCHANGE
October 13
Last Sale
WKKK ElTOINO OCTOBER 19
Ask Low
High.
Bid
Louibt A Naaliv—< Continued
LClnA Lex cold 4 4s... 1031 M-N HI Sale 109 Mar'05
3
131
131
1st colli SS....1930
NOAM 2d gold Os 11130 J.J 138 «a
128 Ang'03
J.J
NOA M
109
114 Apr'05
Y.
JT.
P
'
)
•.'
1
J-J
Q-J
97
1094 Muyo:.
4
11)54 J'ly '08
111
ill',
L08
L06
1"4
J
Ill 4 Sale
J
98
1114
M-N
M-N
M-N
M-N
H)7\
j.j
.;
108
1074 Sep
)
109H)
I08*a 1 1
i
12
1"14 107-4
1104
107
'0.1
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nil
104
101
3,
105
1
1
i04"
".'.'.'.
1)2
Die
D
1044
91*4 Sale
90
and asked tm» week,
28
3
104
4 107
4
1
1
10
Amir Ire Serur deb
Un .-.pints Mlg 1st
112*1
>4
8
80
l".'i'
M4
SDuei-eb
h.. In-.it -in
1
Cot Oil est 4 4s
1916 Q.1
Hide A L 1st 8 t g 0K..1919 \1 s
Am
4 ibo4
I094 113
"i lo:i"
Due Jan
iliiiiiiliiriuriiiK ,V
A in
!)3
'08
91
a
1
926 A-0
gda..ltfl8 M S
g 6s..
1
Am Thread lht COI tr 4a... 1919
Am Tobacco 4" yi g 68. ...19441
4s
«
Duo
.lay
g
Duo
.1
ne
si
99
.11
1961 r-A
A Due J'ly
•5
-1
1
J-J
A-O
.w u 101
884 984
954 96
98
11
;"
77
a
H
'4
....
-!"•
Sill.-
p Due Nov
n
-i
:.
t
1004
4
ii-
77
.
.
H04OI
ll
3
4
76 4
j
"I
»7
ill
267
77»4 6s.
Option
r
-
sale.
1014
4
91
1104 1184
71
78
Bond Record
1160
BON lit*
STOCK EXCHANGE
Wekk ending ocroBKn 13 11
Penn UK (Continued)
J
N. Y.
PhilaBal&W
Sun
Ji
UM
J
Eewis
K1U
1st g4«.. 1043
1st k 4b.. .103
.'an
i
CCC& St
Flint* e
M
J
1043 J.J
si
Begistered
1007 J J
Jersey Cent coll g 4s.. .1961 A O
Beusselaer <fc Bar see D & fcl
Rich & Dan 6'ee South By
Blcli & Meek See Southern
Bio Ur West See I Jen & Bio Or
Bio Or Juno 1st gu g 6s... 1939 J-D
Bio gr So l8t gold 4s
1040 J.J
Guaranteed
1040 J-J
Boch <fe Pitts See B B & P
Borne Wat & Og See N Y Cent
Butland 1st con g 4 "as.. ..1041 J-J
Og&L Chain 1st gu 4s g.1948 J.J
But-Canad 1st gu g 4s. ..1040 J-J
Oag Tus & H See Pere Marq
OtJocfe Gr isl 1st g 4s. ..1047 J-J
St Law & Adlrou lstg 58.1996 J-J
1006 A-O
St E & Cairo See JSlob & Ohio
P
St L<fc Iron Mount See
See Wabash
Br SeeT BB A of St E
St
8t E <fc S Fran 2d g 6s CI B 1006
2d gold 6s Class C
1006
General gold 6s
1031
General gold &s
1031
St E ic S F BB cons g 48. .'06
South w Div lstg 5s. .1047
Refunding g 4s
1051
6-year cold notes 4 Ha. .100;*
M-N
M-N
J-J
J-J
4
100%
105
....
-Sale
1 _' 1 '-2
117
1
2
1
1101*128"
H
14 'hSi-p '06
110
137
4
114
112
114
J'ne'o6
114
126
123 8 123 %
103 "a 103 H.
1...
U6H
117^4
St P <fc Nor Pao See Nor Pac
StP & S'x City See C St P M <fcu
Eake C 1st g s f 6s.. .1013
8 Fe Pres& Ph lstg 5s.. .104'.'
S A <fc A P See So Pac Co
Salt
U558
116
102°8 Sale
103
102 Hj
100 Jan '05
OO's.
09
100
109
74>u 77
81
80
•SO
Mny'05
116
116
i00 78 loi's
100
08
09 «
Mar'03
Sep '05
Jan '05
100
Hi
109
75
89
101
Hi
109
81
89
10334 May'04
08 Hi 99
09
J'ne'05
90
09
lOmiNov'Ol
93 \
122
126
04
94
04
93
96
10378
103 7e
12S Hj.
103
.
1st sink f g 6S.1910 J-J
See Atl Coast L
See Nor
W
Seaboard Air Line g 4s ...1050 A O
Coll tr refund g 5s
1011 M-N
Car Cent 1st con g 4s...l04!> J-J
&NE
May'05
1 4 H) Sep '05
98 H. Sep '05
102!4 Aug'06
89 14
89 Hi
06 Eec'04
125 Aug'05
88
^7Hl
131
123 4
88 H,
iod"
100
09 H,
107 S 110
13914 140
8
102 14
Sale
sale
,
126
136
4
OOHllOl'a
84
87Hi
80 Hi 84 Hi
1077a 113
139H1
'05
130 Hi 130VI
140 Muy'02
114
114 34
llUHjApr'Ol
112
112
104's 104 58
103H?Sep'06
10238 102»8
1
11 136
33 111
U434
UOHi 1123b
103 105
103Hl 103Hi
10238 10434
124 May'05
136 Hi Sep '05
134 a4l>ec'04
>a.
123
135
118'„Feb'05
121 Hi Oct '06
no's,
121
83^4
107^ Oct
114 34Sale
124Hil26
H7Hl 92
87 14
83%
b3 H2 Sale
ysHiiooni
101 102 J4
70 88Ht 92M
9914
87^
87
112
104
112HiH6
1
H2
09
102 10434
104 104«8
129 Hi 132
J'ne'06
104% Feb '05
.
114>8.
110
118Hjll8H,
121Hi121Hi
110
110
Jan
Oct
124
135
'04
M
W
J-J
J-J
J-J
J-J
J-J
J.J
J-J
J-J
J-E
J-E
J-J
F-A
F-A
Mortguar gold3HiS..fcl92y J-E
Tluougli St L 1st gu 4a '54 A-O
Gal Har <fc S A 1st g6s..l91o F-A
Mex & Paclstg5s
1931
Gila
lstgu gos. 1024
Hous E &
T 1st g 5s. 1933
1st guar 5s red
1933
H<fe T C lstg 5s intgu.. 1037
Consol g 6s int guar.. .1912
Gei gold 4s nit guar. .1021
gen
Wa
f aco«fc N
div 1st g 6s '30
VG&N
W
W
M-N
M-N
M-N
M-N
J-J
A-O
A-O
M-N
1004
Begistered
1004
Mob<fe Ohio coll trg 4s.. 1038
Mem Div 1st g 4Hi-5s...l000
St Eouis div 1st g 4s
1051
Ala Cen B 1st g 6s
1018
Atl & Dan v 1st g 4s
104*
2(14s
1048
Atl<fe Ya<t 1st g guar 4s. 1040
Col & Greenv 1st 6s
1016
E T Va & Ga Div g 5s. .1930
Con 1st gold 5s
1056
E Ten reor lien g 6s
1938
Ga Pac By 1st g 6a
1922
Knox <fe Ohio 1st g 6s.. .1026
Bich & Dan con g 6a
1015
Deb 5s stamped
1027
Bich <fc Meek 1st g 4s.. .1048
So Car & Ga 1st g 5s
1010
Virginia Mid ser C 68.. .1016
Series D 4-5s
1921
'05
108
80 78 Sale
8034
00
105^ 104 7s 104 78
98^4 ....
95 Mar'Oa
108 ....
100 Feb '05
103^8. ...
107 34....
109HiMar'06
lll^ .... 112 Aug'05
llOHi....
110 Jan '05
Ill Hi....
lll^May'OS
102
Jan
84,34
102
05
109
E 5s
1026
General 5s
1030
Guar stamped
1936
O <fc
Est cy gu 4s. .1024
West N C 1st con g 6s. .1914
S & N Ala see E & N
Spok Falls efe Nor 1st g Os.1930
Stat lsi By 1st gu g 4 His.. 1043
syra Bing & N Y See D E & vv
I'er A of St E 1st g 4 His. .1030
1st con gold 5s
1804-1044
Gen refund 8 t g 48
1953
St
BgeTergu g 5s. 1030
Tex
W
EM
&NO
See So Pac Co
Tex<fc Pac 1st gold 5s
2000
2d gold inc 5s
^2000
EaDiv B E 1st g 5s
1931
Min W<fc
1st gu 5s '30
l'ol ds O C 1st g 5s
1035
Western Div 1st g 5s. ..1035
General gold 5s
1035
Kan
1st gu g 4s
109O
Tol P
1st gold 4s. ...1917
Tol St E<fe
pr lien g 3 '28.1925
50-year gold 4s
1950
Tor Ham<fe Butt lstg 4s. /il946
Ulster & Del 1st cong 5s 1928
1st refund g 4s
1952
Un Pac
1 gr g 4s. ..1947
W
NW
&M
&W
W
RR&
Registered
1947
1st lien convert 4s
1911
Registered
1911
Ore Ry & Nav con g 48.1046
Ore Short Eine lstg 6s.. 1022
lstconsol g 5a
1946
Guarreiund 4a
1920
Registered
1920
J-J
J
110
92
105
98 s
109
,
100 Hi 100 Hi
109 Hi 114
110 110
1955
<fc W
See Mo P
Mid See South By
Va & Southw't 1st gu
Wabash 1st gold 5s
2d gold 5s
Debenture series A
series
1030
1939
1939
1930
f d g 5s.. 1921
B
;
&
Mom
Om
Tol & Ch Div
1
at
.
W
.
1
January 1
Low High.
J
F-A
W
Feb*
1
12
Hi
1
1 1
i-
li8's
00
115
114 >s 116*"
1
.08's 100'-,
.U8 100 Hi
eu 06
Feb o5
Aug'05
120 Hi
12
112 Hi
lOoHilll
112
30 117
Hi
121
96
I
Hi
102
1
06
Hi
Feb '04
99
99
118 Allg'O:"
ion '4
io03j
.
101
104 Hi
*s
91 Hi
106 108'4
I09<g 100\
102 Hi 103
.
8'V J'ly'O
1
111)
18
118 34
11
9 Hil00 34
17 H1II8
J'ue'Oa
OSHiMari.'
00 Hi Dec '04
Ha
08H»
^
94
116 Hi
llu^B
121
116H.May'o6
11.; Hi
113 Hi Sep
124HJ 124
115
116Hill0H»
14
116
1 10 H? 122 Hi
13 Hi 1 16
121*8 125
Aug'.i:"
l-Jl'i Oct '05
Hi
1
'05
1.4H3
1.5
110*4
llu J,
126 a4 J
!
1
8
lie'Dj
123*4 127
116*4 116 4
114 Sep '05
08 Feb'O.
110 4 110H; 108% 1003s
116-4.
Feb'u123
110
110 Dec'04
113H3
lUWly' 5
H4->4 117
114 * Aug'. 5
114 "v J'ne'n5
05 "a
97 4 May'05
115
115 Sep 'o^
114 34 118
L12 114
06 Hi '.'8
108 111
Ill's
117
114HilliH»
H7 34
07
115 116Hs
114
1
n
:;
131*4 117
100
J-j
J-D
A-O
Di e'O
Hi
99 S
17
Mar'uo
Dec '04
Hi
I
100
um Sale
120 *
J
F-A
J
I
I
J-J
M-8
M-S
M-N
M-N
1
1
'&S
J'ue'of
119
i
J-J
M-fc-
>b
04 Hj
I
'04
'ul
Api '0
Jan '05
'4
115
12
us
118"
100
J-J
J-J
I
i; !'
A-O
109 34
J'ly '00
Nov'oi
ill
121)38
Hi
Ul
Apr'o."
Oct '05
101
J'ly '04
'»
1 Hi
l
8ll2Hi
121
125*4
Sale
A-O
101
109
J
125
125 Hi 125
125
06 34 96 Hi Oct '05
1-0*4 125 H»
iOOH* Allg'06
ioOHllll^
Nov'04
110
114Hill6 34
J-J
-I)
Alai
101
112
J J
108 a4
J-J
11538117
ill
J-D
114
ioy
A-O
07
Hj
I06
116
A-O
FA
......
Hi
.18
A-O
J-D
J-D
...•••
A-O
03
J-J
J-J
00
-a
'4
11 2
114 "a
loo * Sale
134
Sale
J-D
J-D
lo7H. 112
05 Hi 00 Hi
91
05
98
03
92
02
87
99 Ha
110=8 113
95 '4 96*s
I04 54 108 Hi
89
83
97
Oct '05
Sep Vo
3
1 05
Sep '05
11
a a Hs
105 '4
104 Hi
133*4
Hi
1 03 Hi 106>4
77 112's 138H1
llO^s 137 34
104
103
102
123 34 127 Hi
125n
120
4 117 Hi
119
97 14.- 05*8 98Hi
134 3<
Apr'Oi)
103 Sale
125
ll5 78
97 Sale
D'2 H3
112
4
96 34
Hi
lift's
Sale
106
00
73 '4 Sale
00 Hi
0--'»4
Ho
1
*
....
00-i
84 J
4
M-S
A-O
J-D
J-D
88
00
36
Sail
103*2 104 "a
112 Hi Sep '05
118*8 119
106 v
10l 34
91 Sep '05
75
7 1*8
103 Aug'05
A pi '05
02
107 Hi 112 Hi
116 119 Hi
io6Hill2*a
00
91
66 Hi 843*
102 103
92
92
100 34 112
Aug'05
Nov'04
Apr'05
May'05
7
00 H» Mar'03
88 Hi
88 S
36
36H;
111
07
88
05
1
A-O
Dec'O:
103 34 Aug'05
112
J-J
125 l4
il-'s
U4Hi Apr'o:
FA
M-N
F-A
J-J
03 34 102
84 Hi
84's
yoHi Oct o.i
107 J
J -J
Ha
May'0-1
98
93
91 Hi
84 H.
1
irt-N
M-N
J-D
F-A
'1
08>4 101
100 34 Sep '05
Oo
93
yi>8 02
J-J
J-J
M-S
1st lien equip s
1st lien 50 yr a term 4s. 1954 J-J
Det
Ch ExtTst g 5s. .1041 J-J
Div 1st g 4s. .1939 J-J
Des
1041 A-O
Div 1st g 3Hi8
9678
97\ 170 95Hi 08H2
95
05Hi 67 92 Hi 07 \ Wash Cent See Nor Pac
04 May'05
See Southern
01
04
Wash O &
IIIV2 Aug'05
107H
104 lll 5b West Maryland 1st g 4s. . 1952
c sale
»
J
10] 8
101 8
101 4 40 1003s 104
West N Y<te .fa 1st g 5s. .1937
09 ^ Mar'03
1043
uen gold 3-4s
88 Hi 80 Hi 80
<il043
80
8? Hi 00
Income 5s
08
01 Hi Oct '05
West No Car See South By
90 102
107 14 110=g loBHjMar'05
108 H, 110*8
VaCent& P 1st s 6s. .1911
HOHi
115 Feb '05
Wheel's <fe E E 1st g 5s. ..1920
113Hill5
112
107 1«J'ne'o5
Wheel Div 1st gold 5s. .1928
lo7HfU0
105
107 Hi Feb '05
Exten «£> imp gold 5s. ..1930
105Hsl07 l4
103 •«
103 Hi J'ly '04
1940
RB latconaol 4s
lii»8 sale lllHt lliag
110S8 11234
20-year equip s f 5s ...1922
110-..,
110 Hi Oct 05
110 Hi 112 Hi Wilkes <fc East See Erie
08 Hi
08 Oct '05
<fc M
95 Hi 100 14 Wil <te Sioux F See St P
127 Hi Feb '0
126Hi
Wis Cent 60-yr 1st iren 4a. 1040
07 Sale
OSV-iale
Since
5
"V
fcfU
108
ioy
10.1
J-J
A-O
M-N
M-N
103',
i
J-J
J-J
J-J
J-J
J
Sep
Jan
n
106
113
ioi"
J-J
J-J
M-N
M-8
..
Sail:
.
MS
5s. 2003 J-J
g 4s. . 104
St Chas Bridge 1st g Os.lOOs.
Wab Pitts Term 1st g 4s. 1954
1954
2d gold4s
Warren See Del Eac & West
'03
or
Last Sale
Sale
J
J-J
J-J
Utah & Nor 1st 7s
190e J-J
Gold 5s
1926 J-J
Uni N J RR <fc C Co See Pa EE
Utah Central See Rio Gr Wes
Utah & North See Un Pacihc
Utica & Black B See N Y Cent
Vamlalla consol g 4s
1955 F-A 103
irginia
105
101 '4
112
103
J
1
Begistered
Ver Val lud
&
Fla Gen <fc Pen lstg 5s. 101s
1st laud gr ext g 5s. ..1030
Consol gold 5s
1043
Ga<fc Ala By lsi con 5sol046
Ga Car & No 1st gu g 5s 1020
SeabA Boa 1st 5s
1020
Slier Shr & So see
K&T
Sil Sp Oca & G see Atl Coast L
Sod Bay <fc So 1st g 5s
1024
So Car & Ga See Southern
So Pac Co— BB 1st rel 4s. 1055
Gold 4s (Cent Pac coll).A:1949
Begistered
/cl949
A tfc N
1st gu g 5s
1041
Cent Pao 1st rel gu g 4s 1940
Begistered
1940
J
A-O
A O
A-O
1st gold 6s
1012 A-O
1st con guar g 5s
1037 M-N
Stamped
1006.1031 M-N
W
135
P
Sav F & West
ii
Series
J-J
.U-S
A O
(mi l-t
gu a 6s
Southern— 1st con g 5s
117Hil21
1
80 "a Sale
W
Guaranteed gold 6s
1038
Ore <fc Ual 1st guar g 68.1027
S A <t A Pass 1st til 'i 4m. 10 1.
So p ol Argu lsi a 6s...cl0O0
IhI guar
clOlO
88
S P oi Callst « Om ser B.1906
1st g 6s series C <fe D...10O6
lstgOssenen i:&> K...1012
01 f'al 1st
J-J
1st g 68.. 181
So Pao oast 1st tu 4s is. 1037 J-J
Tex&NOSabDivl8tgO8.1012 il-S
Con gold 5s
'....1043 J-J
120HiAug'0o
118'al20 4 98 J'ly '07
/.'ni,r/e
A-O
Nov'07
....
J-J
1st g 4s bd ctfs.1080 M-N
g 4s inc bond ctfs...j)108O J-J
Consol gold 4s
1032 J-D
Gray'sPtTerlstgug5s 1047 J-D
St Paul <fc Dui See Nor Pacihc
8t Paul M & Man 2<i 6s.. .1000 A-O
lstconsol gold 6s
1033 J-J
Begistered
1033 J-J
Reduced to gold 4 "as.. 1033 J-J
Registered
1033 J.J
Dakota ext gold 6s
1010 M-N
Mont ext 1st gold 4s
1037 J-E
Registered
1037 J-E
E Minn 1st div 1st g 5s.. 100s A-O
Nor Div 1st gold 4s
104s A-O
Minn Union 1st g 6a
1022 J-J
MontC lstgu g6s
1037 J-J
Registered
1037 J-J
1st guar gold 6s
1037 J-J
WiU & S F 1st gold 5s. .1038 J-E
isgi'.M2
1007
Apr '04
120 Oct '01
112 "a Dec '02
Range
Weeic'i
iTiday
October 13
T
SPacolN Mex
118
5*
LXX1L
v OL.
hid
ASK Low
Hiu'i Ao
(Continued)
12MHiNoV01
1st 78.1018 A-O
Dec'04
1020 J-J 118Hil22Hl 122
1
NYTexAMei
123 's Jan '0
103 Hi Sep '06
109 Apr'02
1
07
2il
sou hern Pac Co
Morgan's Ea <fc
N0
A-O
KC<fcME<fcBlatgU 58.1929 A-O
Emus So See Illinois Cent
F& N
:,
110'-jSep'04
.
JJ
J-D
K C Ft S <fe M con g 6s. .1928 M-N
K C Ft S & M Ky ret g 4s 1036 A-O
Soioto Val
100
M
StLKU&N
EM
S
1 1 1 »9
123
West See B & O
Pitts Y & Ash 1st cou 58.1027 M-N
in
Co gen g 4s
1007 J-J
Read
lis
Au Low Hiufi
Price
K.
1st gold 6h
1)4'4
113 Hi
McKees c& V i'eeN Y o-au
& L E 1st g 6s. ..1040 A-O
&
Hi(/h
lO0*aJ'ly'O5
'.j
10
Sh
ES
ASK Ia>w
; >
>
1020
K(3n
lstcousol gold 58
3t
8t
<
Klf.'.l
W
2dgoln
1
Last Sale
1
100 34
102
1021
W
Pitts
Hin
13
120SJ
1021
Pt Huron liiv 1st g Bb. 1930
SagTusifc 11 lal KUK 48-1031
,sve Penn KB
Phil B «fe
Phila <fc Reading cons 78.1011
Plue Creek reg guar 68... 1032
Pitts Uln <fc si I, See Penn Co
Pitts Cleve & Tol .See B ct O
See Penn C<
Pitts Ft
<fc Ch
Pitts June 1st gold 6s
1922 J J
Pitts* E Erie 2d g 58...al928 A-O
Pitta
Pitts
October
[
STOCK EXCHANH
WKEK E.vdinu OCTOBEK 13
N. Y.
Since
January
E
6.1021
W M 6s
consol gold un
1st,
.1
gen 48.1044 M- S
A Nasi
Pei)8acola<& Atl See L
Peo <fc East Sec
Peo& Pek Un 1st g 6a
•ill gold 4HiS
PoreMarq— Ch*
M-N
Kanye or
4
BONDS
Range
Week'
rice
friil ay
—Concluded—Page
87 '4 Sale
87**
8734
118 J4 110
HOHsJ'ne'i
06 34 97 Hj 08 J4 Sep '05
J-J
A-O
Nov
40
A-O
110
112
J-J
F-A
113H}....
lllHi..-.
J-J
....
....
01
.vi-s
j-j
100
....
86
95
88*8
98*e
86 Hi 95 34
35
30
45*8
87*4 94
119*8 119*8
96 34
00 Hi
Mar'Ol
110 112
113 116*a
114 Hi 114 Hi
110 Aug'Oi
116HiSep u
U4HiMaV05
lllHiAug'06
01
01
Jan
102
lHHiH4°8
10
'05
91
102
05*a
102
M
J-J
06*4 Sale
95*«
M-S
102*2 Sale
102*2
96*4 11>-
00*2 06*4
MlSCiELJEANKOUa BOi> lis—Concluded.
iHnuiiliicliii'iiiu »V ludiiNtrial
iHiMceltaneous
Cent Eeather 20-year g 58.1925 A-O
Consol Tobacco 50-yrg 4s. 1951 F-A
Registered 4s
Distil Sec
1051
FA
Cor conv lstg 5s. '27 A-O
Int Paper Co 1st con g 6s. 1018 F-A
Consol conv s t g 6s
1035 J-J
Int St Pump 10-yr conv. 6s '13 J-J
Knicker Ice (Cluo) let g 5s. "28
Lackaw Steel 1st g 5s
1923
Nat Starch Mig Co 1st g 6s 1 020
Nat Starch Co s deb 5s. .1025
Stan Rope & T 1st g 6a. ..1046
Income gold 6s
1046
1
U S EeathCo
8
tdebg6s..l913
U S Kealty & I conv deb g 5s "24
U S Steel CorplO-60 yr5s.d'63
Registered
1003s Sale
80 Sale
80 Sale
108'
94 34 sale
102 34 101
00 100
105 Sale
86-<4
72
75
51
48
2
111
H2
H..
M-N
101
80
80
85 *4Dec'04
79 34
80*8
108 Sep '05
94 34
06
103 34 Oct '05
98 HiFeb'05
105
105
87
87*2
71
73
51
Oct 05
Salr
2 Hi
2'Y
Sep '06
Ul*.i 111
loo
08 34 Sale
April 1063 M-N
Va-Car Chem col tr 6s g..l012 A-O
.••No price Friday: latest bid and aaked.
a
100
102 1
99
99 H.
98 *«
98 J4
98 Hi
98\
99 *aOcf06
Due Jan 6DueFeO
1048
99Hil02 Hi Adams Ex col tr g4s
44 74
84 Hi Am Dk J* imp 5s .See Cent N J
Am SS Co of WVa gos.... 1020
54 77 Hi 82»4 B'kl'n FerryCo 1st cons g 5s '48
Chic Jc& St Yard col g 5s. 1015
107H2 110
17
01*2 06
UetM&Mldgr incomes.. 1911
200
6
6
6
72
mm
21100.H
1
.•
49»4 Sale
J-J
A-O
102 34 105*2 Hoboken E<fe I gold 6s. ..1010 M-N
98
Mad Sq Garden 1st g 5s. .1010 M-N
98
04 Hi 108
Man Bch H<feEgeng4s..l04o M-N
85
03
N ewp Ne Ship <fe D D 5s t/1900 J-J
59
71*4 N Y Dock 50-yr 1st g 4a. .1051 F-A
42Hi 60*4 Provident Loan Soc4Has.l921 M-S
70
1
StJosephStkYdslst4His.l930
St E Ter Cupplea Stat'n * Prop
Co lat g 4Hi8 6-20 year. .1017
Hi
93 3, S Yuba Wat Co con g 6s.. 1923
92*4 08»s Sp Val Wat Works 1st 6s. 1006
1*4
8
J-J
27 102
100 34 J'no'0'2
4034
49 a4
108 J'ly
77
77
50
45*a 58
108 1U8
71*2 80
Feb'o:
04*2 98
08 100
100*2100 Hi
97 Sep '05
90 Sep '05
ioiHJ 100 Hi Sep '0 o
97
<
99
100
106
108 Hi 112*8
93
02
103
00% 101 Hi US Red&Ref 1st 8 1 g 6s. 1031
Due Mar ; Due Apr h. Due J'ly k duo
...
M-N
F-A
102 34
J-D
J-J
M-S
112 J'ly'
113 H» J'ly '00
,101*2 100
100
10
.o» n
,»u<» i>eO
833s. 'ijk
.
uplaou sal*
H
J
STm
d^TCHT)
.•>
h .•y—HK-l H *A
I Ui.
Ms
'Jvs
.t/oii'iav
Sa'V) <l|/
00* 7
Oet y
SALh. PRKfkti
1
Oet 11
kanye
M'(ii:iv»
Thursiiat/
Oet 14
r<Mii>*iiav
i»
Oet 10
1
.
RXn^^-lfwV^wirt-'hnr.WwWTaiilTeiTl?
aM) LOW KM
7
\
'
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1905
Clue
Elec Ky 5s
1919
Clue Pneum Tool 1st 5s .ol921
Chic Rock I <fc Pac KK 4s. 2002
CollatTrnst ir 5s
1913
Commonwealth Elect 5s. 6104
Ilbnois Tunnel 5s
1928
Kans City Kyi Lt Co 5s. 1013
Kmckerb'cker Ice 1st 68.1928
.
Jan 6
Oct 13
Sep 25
Keb2o 114
Jan 25 HO
In
Ranye
Friday
Oct 13
Amer
Amer
Lake Street El
»»>
Chicago Banks and Trust Oomioanies
Week's
Price.
CHICAGO STOCK KXCH'GF
Wilt fc.NDI.Vti OCTOBER 13
1st
is
1
46
100 5,332
550
pref
Bond £ecord
Chicag-o
Ca«s
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Box Bd & P ColOO
This
i
100
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Do
14
37
443
218
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'05,
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BOSTON STOCK EXO 3^13 -Stock
— Nol
>lmi'«' I'i'icPM
IVr
Juemiay
Oct 9
Oct 7
Wednesday
Oct 10
Saturday
l'rid-«
Ciiiii, ii
(
Oct 11
'1
Weekly
Record, Daily,
Mange
.-Xlics
/iiirwai/
Oct 1:
ri
J-
Oct
a 11
11
13
ior
tianye ior IHreoiow
i'ear
Year(1W>4)
1905
Ihf
nl
BOSTON .STOCK
l.X'MI AM. E
Ywlv
a-vl
Week
Lowest
SUaref
H m Hest
Lowest
Hlaaest
Kaiii'oad
69 ^ 89%
88H1 89
•104 1(14^ 104 1"4
257 258
257 268
153 1533,
163H>164
•245 240
215
178 178
179
•171
»309
'309
'.74
•27'a 28
73i->
•78
*73
74
•
179
•
127 Hi 126 Hi 126 Hi
;
;
•8 J1 »
89
88 34
88%
87Hj fS
103 4 10
88
Top
<;nila PelOO
Do urel
100
Atcli
881-
823
77%Mnv20 98% Mar
01
88
UH3,
207
'257
'4
*
1
257
267
-
•103
•'')
'
*57
4
103%
.fe
fc
J
l
J
230
108
106
295
'J.
in"
1
J
142
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*14
14 Hi
67
67
*24 34 25 34
200 4207 4
1
>•
1
'i
*208
*10l
84
208 "a
102
84
*6i
99
05
99
132% 132%
•98
90 34
*U9
99^
•1)3% 114
l
J
'
:s
Apr 162%. an
37
I
101
H)
Ha
37%
102%
4H
•m"* 122
23%
•5%
*260
•180
61
88
*195
23 3
«
6
94
6
6
26
Hi
139
138
37i4 37%
102 4 102 Hi
4
m" 121
23% 28%
L%
"11
250
251
»
10
108% 109
•22
26
26
261
7
20
26
2%
Hi
2H>
14
251
1
•34
121
23
107
80 Hi
32 4
79
32
6%
6
Hi
50%
196%
2%
4
4
Hi
249
179 179
60 34 60 34
87 34 88
196 197
'249
87 Ha 88
196
1
-5Hj
249
180
249
180
50
38
103
8/
1023f,
*22% 23 Hi
23
*5Hj
1%
2H-
2H,
26
139
139
38
104 34
*14
*95
*84
*96
8=8
100
9Hi
89% 40
84% 85
8H1
251
....
26
253
•107
*22
*26
252
10
108
108
v
4
10634 107
79 68 80
*3i 34 32
39 Hi
'.'.'.'".
3%
i'.,;
.,
,
4
107
140
13014 137
30 'a 30 Hi
"29
6%
4%
1% 1%
27% 28
31
31
4
«%
•92
•92
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Hi
94
670
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•6
72
Hi
14 %
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Hi
80
32
47
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72",
14 34
79 34
,
lHi
1H
26 J4
31
27-4
•85
9%
31
•85
9-4
666
660
249 249 ^246Hj
179Hil81
179
50
50 J4
50
87% 87',
190% 197
87%
l7
1%
1
7
8
8%
93
•26
10/
lo7
79',
32
18
8
26 Hi
"4%
19
8
26%
6
233,
23 "4
10
10
1%
14 J4
68
Hi
3%
65
2%
14
14 .
68 Hi
4
66
6Hi
•66
58
71%
72«,
Hj 14H
*78% 79 H<
14
3% "3
17% 18 Hi
7->4
7%
26
*1%
1%
27
31
28
31
•80
•SO
9%
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23
5
23
9%
1 L4
Hi
10
1H
14 '4
68
14
63
65
'4
63%
3% 3%
28 H
•00
14 3
4
2 "a
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20 Hi
26%
107 'a loa
26 4 26H
1%
•loo^
105
«
<%
2
8%
2
2
»
7%
105
Hi
Hi
8 '4
130
12 78 13%
•33 *"9"
9
4
333* 34
•75
77
36% 3« 34
10
10
404 40 34
128
14H,
•33
9%
l0
9%
33% 34
77
*76Hi
37 H,
37
10
10
46 3<
46Hi
6%
7
10 4
6
'a
10%
119
18^
%
3
18',
3%
17%
7%
7%
26
25 Hj
23 Hi
9 34
'-J
*1%
14
-j
10 14
10
1%
14 H
68
68
3%
2%
3%
64 34
2 Hi
20 34
107'y108
*20''j 20
26
<
4
1%
Hi
l 6b
27
L
.
•70
•72
9%
9%
4%
72
14
9
4
1%
3%
61%
2 Hi
28 34
27
107'aloi 4
26% 26 Hi
l l4
27->.
6
59
7134
1%
9%
1%
14
67
'4
l l4
14 4
68
•3%
3%
54
53
2
9 34
Hi
27 4
lu7
26
24
28
L08
26Hi
1*4
1%
7%
105
8
Hi
/Hj
2 l4
7%
2
Hi
2
Si
2",
7%
8%
105
101
8 Hi
120
8
•123
13
13't
*J4 a 3d
130
14
0'4
H)
33 h
77
10
40
10
47
30% 30 7t
Hi
7
40
;
V
9
33 34
77
30% 30%
10
10% 10 H
120
9
33Hj
*75Hi
Hi
'a
7
10%
119
10»
47
7
11
120
38
10
144
.Hining
8 3 AdventureCon
25
4,075
25
43% AUouez
84\ Amalgamated CopperlOO
'25,853
,
lHi
27
30%
••76
94
660
'27%
*6Hi
•59
71%
Am Zinc Dead
Anaconda
L04
125
12 34
L2S
l.i\.
Last sal<
8% 9
33 4 33 v
76
76
35% 30%
10% 10 V
40
40 H
7
7%
•1014
119
lo%
119
9%
1%
14%
12,502
19 Hi Jan 25
<& sin.
Mass Consol
25
25
9,851
3,195
17,716
210
i
24
80 14 Jan
l
4Xov
Mai
79
Aug
08
29
73>4DeO
Jan 42 Feb
87>4May 95 4 J'ly
71% Mai 116% Nov
80 4 Mai 97 Hi Deo
40
1
10O
173
.»lo.
16'4J'ly
37
143
17
4 Apr 24% Deo
Apr 15
12
Sep 18
71
Jau
3
4 Feb
8
Jan 17
30
J'ne2'2
4 Feb
43 Hi DeO
Dec 140 4 Deo
4 J'ly
Augl4
Hi
4% Aprl..
.Not
Jan 93 Hi Deo
Jau 114 Dec
89
108
ig
17
Deo
87
6% Nov
Feb 27 4 ^ep
Feb 152 Hi Nov
l30 4Muj-23 149
Mar 2 122 Hj
132 May22 140 4Aug23 122 4 Jan 141 Nov
136 l4 0ct 12 148 Jan 4 119 Hi Feb 149 Hi Nov
21 Jan 23 40%Aprl8l
9 Feb 24 4 Nov
92HiJan 3 109 Mar31 084 Jan 94 J4 Deo
4 4 j'ne
4 sep
3 .Nov
3 Hi Marl:.
116 Augl7 24 Jan
U2HiJan 122% Deo
17 Jan 24 24 78 MarlO
7 Hi J'ne 19 \ Nov
SHzJ'ly
5 4 Jan
7HjDeo
7% Jan 111
30 Feb 265 Aug
x'242 J'lylS 257
Apr
109HlMav2 191 Janl al51 J'ne 194 Nov
38HiJan 6 51% Aug. 1 36 Deo 44 Hi Aug
80 4 Jan lo 88 4 .Mayl2 77% Mai 84% Oct
US5 4 J'ne2( 200 Apr 29 173 J'ne 200 Nov
1
Feb o
lHApr 2% Nov
2% Oct 7
133% Aug 140 Hi Apr 27 118 Feb 141 Nov
4 Jan
1
Feb 24
2% Jan 9
4 Oct
8 Oct
17 J'ly
10 Jan 6 17 Janlo
230 May23 258 Oct 2 208 Mar 243 Nor
9 Nov
6% Jan
84 Jan 12 10 Hi Feb 23
105 Feb 24 114 Jan 5 /;99% Mar llo Oct
18 J'ly'26 23 Jan la 22 Dec 22 Hj J'ly
26 Nov
25 May 2 3 27 Aug23 24 4 Oct
Jan
4 4 Ang'2.s
2
5 Oot
2 4 Hay25
103 Apr29 115 Feb 20 95 Feb 113 J'na
57 J'nel5 90 Aug
31 J'ne3i 34% Aug 7
11% J'ne a 144JaulO
6 4-Ma> 20 % Deo
100 ^ Jan It lUHiJ'neat, 77 Jan 103 Deo
34% Jan 4 55% sep 25 10% Feb 34 Nov
98 'g Jan 5 117 4 Apr "
404Jan 99 Hi Deo
8%May 33 Deo,
24% May 2 39 Oct 3
91 May2-„ 100% Oct 4 5 1*8 Ma) 95 4 Deo
•50
40 Marjo 0/ 4 Jan
Api 75 Jan..
14 Sep 29 22 4 Feb
64 J'ne 23 Hi Nov
90 Oct i 104 Eeb
70 Mai 101 Deo
82 4 Oct . 92 Alar
75 J4 J'nt 93 Deo
TOO Oct
|90%Au^ 100 Jan
91 May 1
l
:,
f2% May 2.-.
18
70
AprJ-i
Jan 20
J'ue21
8
25 "Hi Mayoi
;•
•75
Auj;
7% Nov
9% Oct
43% Oct 13 <3% 6 Mai 21 Nov
Feb 82% Deo
89% Aprl4 43
8 Feb 14 Oot
12^ Jan 5
31 Hi Apr L15% Feb 29% Nov
25 Feb
3 Nov
6% (Jet t
•20
2*4 Sep 27
J'ly
1 Hj Nov
Feb 22 Hi Nov
2o- 8 Uct
7
19 Mai 38 34 Nov
35% Aprl
95 Oct o •39 Ma) 1%6 Nov
J 14 Oct lo
6 Oct
7% Nov
j90 Feb.O 135 Jan 700 Nov
20 Oct 10 •05 Api •25 Nov
14 4 Feb 1 32% Nov
29% Oct
8 4Jaulu
6% J'ly 10 May
I
I
1
S3
20
38
S6 J4 MaroJ
40
75
.^lajli
Marl4
18 4 Feb 15
J'ly
Feb
12,408
1,095
4,900 •70 J'ne27
1.585 lOHiJan b
2,152 48 May 1
2
Jly o
1,745
14,09, 34 Auglb
1,130 •75 Ma>29
12,350 23 Hi May 1
Jan
•75
74%Xov
10% Aug 30
J'ne
Janlo 117 Max25 103 J'ly
2
1% J'ne
May2u
4 Oct
7 J'ne
8 Apl2i. 19% Oct
2% Mar
5 Jan 4
8 uct 4
20% J'uel3 30i4 Apr 10 20 Oct
02% Feb
3 Jan 4
7 Hi Apr la
6 4 May
17%May'23 28% Jan 17
13 4 Mario d 3 Feb
May2o
1.
1% Oct 13
15^4 -uarlb
25
61 Hi Aug24
58
25
5 L4 Jan lo
25
3%
58% dot 3
16
52%
54 North Butte
2% Oct 4
25
2%
2S, Old Colony
29 Allg 1
28
25
28'e Old Dominion
88 Feb 9 lo934 uct 3
844
107% 107% Osceola
25
26
375 22 J'nel-. 30 4 April
20 4 Parrott(SUv& Copp) 10
3% Jau 14
X%
Consol
25 2,430 50 J'ue22
14 Plueuix
104
113 95 May 4 118 jauli
25
105 Quincy
3
1 Hi May 1
8% Oct 1,
7 4
25 10,090
8 Hi Hhode Island
24 Santa Fe((+old<fe Cop) 10 3,240 1 4 M ay 8 3 Jau la
2Hj
9 Jan 3
6% Feb
8 Hi
10 6,535
8% Shannon
125
125
65 101 May23 140 Marl i
amarack
26
2 Fob o 10 Hi Oct 13%
l4 34 Teciunseh
26 9,379
24 78 j'ne2„ 35 Jau 19
ii% Aug'05 Tennessee
25
/% Jan 2u 13% Keb 1
y
25 i',700
8"k
Trinity
9 Mario 084 Aug'2v
33%
100 4,110
33 7e United Copper
•^
75 4 Aug 1 81 Aug20
100
Do pret
"30% "37 :>; UnitedStates Mining 2 8,89 21 Jan 20 38 4 Sep 2.
9 Hi Apr 6 ll 34Jau 5
10^4
1,91
10^ Unit States Coal &OU 2
40 4
474 Utah Con (Oold) ..... 6 4,107 39% Mar 4 47 4 Oct 13
7
Victoria
25 4.993 C2 Ma>T9 t7 4 Oct 11
9 4May2.: 15 4 teb'21
10 14
uou
104 Winona ............... 25
120
120 Wolverine
308 105 Jan 4 28 Aug30
25
1% Mayflower
114 Michigan
69 Mohawk
3% Montana Coal<& Coke
Deo
A pi 23 4 Xot
185%May 199 Oct
159 Aun 1 03 4 Apr
222 Jan 232 Apr
198 J lie 207 Apr
74 J'ly 80 4 Feb
113
67o
Nov
J'im 175
5
96
4 4 Arcadian
9 34
Deo
Apr
Jan
88
1 1 Hi S «V
52 H Oct
29
20
J'ne
Jan
2 1 4
3
Jan
86
25
25
10
1 May -2
25 4,840
45 J'nelO
45.'.
25
1% Arnold
25 10,527 12% May 2 i
274 Atlantic
28
314 Bingham Con Min&S 50 1,958 •50 May22
May
•80
Bonanza (Dev Co)... 10
705
0%
11% BostonConC<feG(rcts) £1 •23,392 iOl Jan 2o
J'ne
25
00
063 Calumet & Heola
10 1,975 TO Maria
Catalpa (Silver)
"28 4 Centennial
25 5,133 16%Mar2'2
6 Hj Sep a
Central Oil
25
10
7
•59
Cons Mercur (Jold... 5 2,350 •30 Mar24
01 Jan '25
3 Copper Range Con ColOo
72 4
9,064
114Mar3o
14 -V Daly- West
20
8S5 1
jo Janlo
100
Oct '05 Dominion Coal
Oct '06
44
14
14%
14>4
Last .sale 80
Last sale 16
100
Sep '05
Do pref..
3%
3 l4
3Hi
12
Elm River
18H,
17% 18
25
"xS" "l*8% b'rankiin
8
7% 7%
73
Qranby Consolidated. 10
8
26% 26% 20% 27 4
27% Oreene Consolidated, lo
4% 44 4 34 *4
Guanajuato Consol..
5
26% 23% 24 4 24
24% Isle Royaie (Copper). 25
3
14 4
68
Hi
8Ht
41 Hj
84 Hi
Hi
1%
2
27 Hi
6
•59
70%
14*4
67 Hi
3 34
53
663
2H.
836
•76Hi
120
4 l4
304 304
661
,
9
33
•80
9Hi
84%
8 l4
2%
8
125
13
*33
1%
100
104
8
0"*.
119
14%
20H;
4 34
9 34
8
27% 28 Hi
•5 Hi
OHi
58
7 34
23
»
8%
•20
115
3 34
83*4
•26 Hi
605
71
1%
Do pref
25
100
Oct '05 Qnion Cop L'd & Mg. 25
United Fruit
107
100
623
Un Shoe Mach Corp. 25 1,304
79
Do pref
25
31
352
31%
loo
J'ly'05 US Leather
73H»
Do pref
100
/Ii% J'ne'05
U S Rubber
loo
100
Do pref
110^4 Sep '05
100
U S Steel Corp
100 14,007
37 4
37 \
Do pref
100 2,744
104
104 4
50
25
Sep '05 West End Land
•14
West Telep & Teleg.100 "i'io
15
Do pref
100
95
95
21
84 4
Oct '05 Westing El <fc Mfg.. . 50
95
Do pref
50
100
Last Sale 9
1%
•57
72%
.
87%
107
79
40 4 414
2a "4
•>
60
"5 Hi
100
8%
4 '4
"l l4
4
•20
•20
53
2
i%
9%
16
97
95
8%
30^ 30
668
7134
14 J4
•lHi
26»4
9",
•20
27 34
4%
5
4%
26
*
7%*
Last Sale
9Hi
*-58
•27
26% 'f*
•95
40% 42
83% 85 H
116
*•*»»;
"14
41'L
40
b4 34 85%
4%
"a
"26
...
85
'4
246
179
50
Aug'05 PlautComt'ststkcomlOO
Do pref
100
Sep '05
251 251
251
251 Pullman Co
100
9 34 Keece Button-Hole.. 10
9%
*108 108 4 108 14 108H Swtft & Co
100
J
Last Sale .2 4 Oct '06 Torrington Class A.. 25
32
100
8
,
Hi
197
!
15
•83
•95
137
37
.j
97
15
15
95
85
luO
667
"27"" "27 3
4
130Hj
37 l4
101% 10'2 Hi 102
102
Last sale 4\
i 'ne'05
•121 Hi 122 4 12lHs 122 4
*22% '22 3 *22<a
Last .sale 6
Oct '05
79%
2i)H
4%
*54
Hi
•59
9
H,
20
140 \
A.mer Ajrricui Cheui.lOO 1,246
Do pref
328
100
Amer Pneu Serv
133
50
Do pref
115
50
AmerSugar Ketin
100 3,7.15
Do prel
152
100
Amer Telep & Teieg.100 3,383
Amer Woolen
100 2,710
Do pref
100 1,496
Boston Land
10
Cumberl Telep & Tel 100 "50
Dominion Iron <fe St
400
East Boston Land
Edison Elec Ilium... loo
07
tieneral Electric
134
100
Mass'chusettsCjasCoslOO 1,858
Do pref
937
100
Mergenthaler Lino. .100
30
Mexican Telephone.. 10 3.87
N E Telephone
113
100
Last sale 4
9Hi
a3% 64%
9
*
*14
95
*83
*y3
9
39 34
139
1393,
23
93
7
137 137 *137
136% 136Hjl37
*1% 2H2 Last Sale 1 »4
*lHs
2H)
•11
•11
14
Last .sai i3U
14
*3%
14
96
86
100
14
96
*84
*6
26
62*8 52%
Last Sale
"87% "37%
38%
37 34 38%
37% 38% 37
37 h
104% 103% 104 4 104%104 34 104 105
103 H? 104
'5u
•55
•55
"55
Last sale
16
97
86
100
92%
93
Last .sale
Last sale
*
22%
130
"22
20
107
80
32
107
6%
27
*l22
....
251
4
2'^3.
1
44
10
4
*20
22 Hi
93
7
"0'4
37 Hi 373,
102 14 103
108" 108 Hi 108
*22
*26
24
93
23
03
13:!%U0 34
4 14
Hi
139% 140
139% 140
137% 138 Hi 130 Hj 138
141
Hi
6
136Hi 136
*1%
107
80 H)
*32
Hi
250 250
lal 181
5UHi 5o 34
as
88
195 197
2
2 Hi
*136H> 137 H
*3H>
*6
140% 141^
139% i:-;9 a4
*5 4
262
182
51
88
197
26
23 H
93 H
J
85
J'ne 142
Jan 57
73
170
1
23
93 Hj
-Nov
Jan
133
<
24
94
D<-0
100
270
L
*23Hl
'jet
J'ne la6
.HiHceiianeoiiM
23 Hi 23 Hi
*93Hi 94
*b
7
26 Hi 26 H
141 4 141 H
140 140
13:* Hi 13J
Apr 174 dot
Feb 303 4 Deo
180
l
,
J>'-C
130 J 'u 154
r-USHj J'ne 127
:,
1
1
Nov
Nov
Feb .50 4 DeO
Mai 242 4 -Nov
A '.. 175 4 Deo
SI 37
i
4
254
.In.-
;
i
89 >4
Jan 101
257
'
*90
*94
Ma
9
106
5 99 4 Jan
Sep 2]
Boston & Albany
loo
Apr 4
10 254 Jan 3 201
3 » 52% 161
Boston Klevated. ...loo
163 153
l'.3% 158%
168% 153 4
268 153 A ug 8 58 4 Apr 28
'243
loo
Last Hale 445
Oct '05 Bimtoii & Lowell
B241 May 2b '19 Man
^24 5
78
Boston <fc .Mimic
179
100
21 rl72 J'no
178 Hi 178 Hi 17M '4 I78 j 178
185% Mai 14
Do prel
174 171
174
100
171
5
Jan
i75
Apr
172
171
Boston <fe ProvirtoDcelOO
Last Satf JIW4 OCt "O:")
309
305 Jan 18 UO l4 Aug 8
309
"27 4
*-'6 •?
Boston£ Wot Eleo Co
27
27
100 13 4-Ian 17 35 Mai 22
27 H»
*26H!
i)n
Last Sace 73
*73
"72 H2 74
Oct '05
prel
03 'a Jan 17 8-2 4 \nrl3
.'hic.Juuo Ky<Si U S \ 100
175 175
150 Jan 13 82 Marl'.'
130"
*127 130
1)0
prci
127
132
100
Keb
121 Jan
'187 Hi.
Last salt .87
1-6 Jan 4 I89 4 .\lar20
Oct B Hon* Mont Class 4.. oo
/,u6< Hale 05
Sep '06 Uonn<fc I'ass Riv iirel 100
1604Jan 19 107 Auizl
293
2 285
Jan 12 300 Aut;10
298 'Jonnecticut Hiver...loo
Fitchljurg pret
"142
142
142 142
142
142
49 142 Jan 3 148 Mario
142 142
100
'ii Ky & KlectriC
•90
•90
91
loo
103 59 4 Jan 10 91 Sep 30
87% 87 Hi 91
91
91
•94
Do pret
•94
*94
*94
96
y
95
95
95
100
20 80 Jan 4 95 Oct f
96
Last Hale i65Hj J'ne'05 Maine Central
185%.1'neli
loo
175 Jan
1
-14
Mass KlectricCos
•14
110 13 Hi Feb 11 23 Apr 3
14 H
loo
14 4 14 14
14H;
14%
14 Hi UHi
14H,
•67
Do pref
68
67
57
247 55 4 Feb 11 70%Mar30
57
67
67
67
100
67
67
•24 Hj 25 Hi •24 Hi
•24% 26 34 *24 34 -25 3
25 \t 25
100
10
25% Mexican Central
9% May 1 25 Hi Mar 14
207'. N Y X H & Hart.... 100
601 195 l4 May23 2 6 4 Sep
206 206 Hi 206 Hi 206
200 Hi 207 34 207 207
206
Last Sale 164 <a Oct '05 Northern X H
-4 M ay
101 Oct 4 1
100
232 .Ian 24 233 May23
Last .Sale <!J3
Aug'05 Norwich <fe Wor prel loo
Old Colony
208 14 208'. *208
'208
98 205 Hi Jan 6 212 Apr 20
208 208 >4 2o8 4 2o100
Lasi sale 101
102 Feb 14
79 Jan
lol
01 102
*i01
Oct '05 Pere Marquette
100
Do pref
•82 Hj
87
Keb 6
84% *8J
84
v-3Hi 84 Hi *ar-'i 83
84
"ii 77 J'ne2
100
Last Sale 65
60 Apr 1
72 Jan 19
Oct '05 Kntland pref
100
Last saie 15
16 Jan 13 17 Mar2(
J'ly'05 Savannah Elec com.. 100
•63
*03
*60
Last sale 63
64
05
50 Jan 5 67 4 Aug25
05
Oct '05 Seattle Electric
100
•98
Do pret
102 Sep
99
99
168 93 Hi Jan
99
98
99
99
90
98 Hi
100
93
132 14 182
131% 133 Hi 130% 131 <V 131% 182 Union Pacific
100 5,551 113 Jan 6 138%Aug24
131H)131%
•90 4 96 i
90''
96 34 *96% 97
•90
Do pret
101% Keb20
25 95 Sep
95 Hi 95 Hi 'L'6
10<
180 180
Vermont & Mass
30 172 Jan lb 1 SO Oct V
lOo
3
a
98 '4 99 H, *98Hi 99
9:1^4 99
West End St
93 Jan 3 102 Sep 11
99 4 9y
•99
108
50
99
113 4113 4
Do pref
113
227 112 Jan 3 117 1? Apr 25
113Hill3% 113% 114
60
3L
Wisconsin Central... loo
20 21 Hs Jan 27 31%Sepl„
31
00
Do pref
60
6 55 Hi Augll 60HsSep 13
loo
Last Sale IV,
WoicNash& Roclu.loo
146 Mar20 147 Mar2s
Apr '05
1014 -104
•lul
'257
45
J'ly
3% J'ne
34 Hi Feb
Hi Jan
•2
•50 J'nt
9 Hi Feb
Feb
53
2o% Feb
Aug
80 Feb
50 May
U-50
IHsJ'ut
34
Auf;
72
116
4
15
Jan
Jan
Nov
Xov
4 Nov
5 11 ieNov
34 4 Deo
5
ueo
35 Hi
Nov
t9 % ueo
2 Nov
11 Hi Deo
57% Nov
6% Aug
2 V4
Nov
29 '4 Deo
98 Nov
33 4 NOV
t5 .Nov
125 Nov
3 Nov
3
4 Nov
10% Nov
86
May 140
•25
J'ne
34
Nov
2N0V
4% Nov
43
Hi
DeO
3% Mai 18HjNov
Mai
6 Mar
6
18
Jau
30
•2
6
69
28% Dee
Nov
NOV
6% Nov
Feb 13% Nov
8Hi Jan
Jau
Hi J
12 34
47
'ue
Jan 110
NOV
6
'
Ol
'
14 IW5.I
i'.
MJfJ
II
SI
Bell
Hany* or
Oct .3
19
i*
l.a.it
HM
J-J
4a. 102!
Ati-i;
Nebraska 1st 7a.. 1808
Aicii rop .v. > t e gen g As.. 1996
A usliueiil g 4s....J'Iy 1995
eoli
i
ll
99
J-J
A-O
M-N
Ii
Pit
A-O
A-O
M-N
.
100
I
I
Si
M
'05
100% 101%
96%
.
9,>
W
10i>
'4
107 >e 107S.
100 Si Sep '05
126% Mai '05
99
108
109
101*4
102
100
101
Oct '05
98
1003s
109%
0I34
11)1
'4
103
Apr '05
103
Hs
103%
105 a4 May '05
140 Jly'05
140 Apr '05
101
100
Sale.
I'rices
2-1
1
Monuay
y 1/ 'sa a
Oct 10
Oct 9
WeUnexaai)
Oct 11
11
102
101%
lor all
Boston Bonds.
•
No
FA
Stocks see beloio)
13
Oct
90
Sale
102%
'4
"8*0%
BC
70%
'ci.'i
24
7
1
1734
'4
09
.14
100% loi
102% 103
103 103%
102\, J'ly'o.)
IO334 A pi '05
'4
100 Kt Feb'o6
100 Deo '04
100 '4
,106
100 Dec '04
104>« J'ne'04
1102% Jan '11
U02's
124% Sep
103 Sep
'o
102%
I24%126Sj
'06
103
')
103
J-J
J-J
Mai
102
FA
106
M-N
M-S
M-N
lll' !4
F-A
103 S3
98 7
Oct MS
F-A
J-J
J-J
J-J
109
94%
'
(
102% 103%
106% lot!"*
102% 102%
1101
103 Si
105 Si
1194%
l<)9%
111%
103
103
109% Aag'06
Si
and asked.
latest bid
Flat price.
Ii
Yearly
Daily, Weekly,
Mange
uange lor lYevious
Year (11)04)
Year
lor
19U5
thi
UISSj 1il38
107 Si 114 Si
02 's 9rf%
105*4 J'ly'05
102% Oct '05
103 Si Oct'i'5
I043p
9434 1194 Si Sep '05
10234
Sj
1IM% 106%
Ang'i'6
'98% SaTe' 98%
100
97
104 Si 107
107
107
107
Feb '03
13^Sj133Si 1105^ Oct '05
1,133 111 33
M-N
103Ss
'02
99% J'ly'Oi
100
107
J-J
M-S
J-J
Sates
01
101
'ii.'
Alav'OI
Oct
75 J'ne'OI!
102 "a Ang'04
09
00
100-8 10'l 7t
FA
;
106%
Aug'On
24
1734 Au k'"5
JJ
price (Friday
106
ih:; 7h
1
IS
1
BIS
1914 M-S
(For Bonds and Inactive
trictau
80
Sep
I4
04%
li)3
O-i
80%
120
6s. ..1919 J-J
ACTIVE STOCKS
Oct 12
Hll
'4
99 '4
93
'11
cii
:
1
101
126%
'0
Nov
loos-
IO8S1
'V
"1
'06
Soil '06
',
108% 103%
Si
A-O
A-O
A-O
A-O
Exchanges— Stock Record,
iiursnay
'1
f
Gold debenture 4s
Gold 4s
1917
Western Teleph & Tel 58.1932
Wisconsin Cent 1st pen 481949
Wisconsin Valley 1st 7s. .1909
Centum Prices
1'er
103
J-D
1922 F-A
191 6
4U08
104
«
J-J
1024
Gold4%s
140%
98
98
104
Sop
Oct
1
in
1
'•
'
i.v
i
West End Street Ry 4s.... 191
S'
105*4 104
139
139
1013g Oct 'OX
— Not
1st a
09
'.i
4s. .1940
Rutland 1st con gen 4 %8.1941
Rutland-Canadian 1st 4sl949
savannah Eleclstcons5s.l 952
1930
Seattle Eleo 1st g 6s
1918
Torrington 1st s 58
Union Pao RRJfc gr g 4s. 1947
1911
1st lien conv 4s
United Fruit c.onv gen 6s. 1911
U S steel Corp 10-60 yr 58.1903
Si
HIT'.,
10134
103 18
isale"
Repub Valley
Si
109% Mar'05
pays accrued interest in addition to the purchase price
Share
101
9.1
.
1
in" io:i"
1,
lo/t
124
04*a
J-J
J.J
1
Philadelphia and Baltimore Stock
7
1st Os
126S» 126 Si
120
iaa
10H%
ins
108 '4 109 '4
109
99
Sj
Ylx" i'V"
.:
100% 102
ion
102%
l'J-'e J'lio HI
I. 2
102
.
'-.'
J-J
1906 J-J
Old Colony gold 4a
Ores Ry A Nav con g
Oreg Sh Line 1st g Os
106% 103
Feb '05
Mai '05
120
99
i
Oct
N Y<feN Emrlst7s
99 % "99%
05% 06%
109% Mar'02
112% Jan '03
102% Apr'' 5
1933 A-O
Dnsuunped 1st 6a
St Nor C B& y CoU tr4slU21 J-J
Ret st o on 4s
1921
6a'"rrt(zi/
5a
(it
ln7 107 '4
100 Si
124
124 Si 12534
108 Si
Os
lOi
1
n in h
I.,.,,
.1),
107%
A-O
080
1 029
1020
1929
1900
1907
190S
1915
1905
...
in.:
M-S
1
6a
101%
100
127
A-O
1012 A-O
68.1926 A-O
ts
'oils 1st
Low
i,i,iiiiirn
llinh
sop '05
'"I
101
'I
1
d-S
i
Os
100% Aug'05
106% IWirj
99 Si Sep 05
99%.
96 %
A-
Now EngTelepli
109
K>9
I
sal,'
l.tisi
yt«A
101
1
Ian
cons inc 3s
\l toll Telep oons 6a tr roo.
Minne Hen Flee cou n 5s
Now Kns Cot Yarn 5s
lo5"» Aug'05
.
1
rt
'04
M a7'06
100% Sep
.
•
(
120*"
ill's 111-.
91 %
%
91
Sop
i
Maro Hough A out 1st
M o\ loan oni ral cons 4s. .191 J-J
1st oons ino38
Jan 1989 •My
02
102%
99 % 100
129"
J'ne'06
100
109
t >
l-'t
Ill's J'ly'0 5
.
»
(
J'ne'o]
in
< t
i
'OB
'05
I
1
19H
H iron 4a
1934
Assented Inoome 68
Kan a m ky.t Br lat 6sl929
Kan St Jo A- C H lsl 7s. .1907
I. It A
Sm lit ur 1st 7s... 1905
Maine ('out rolls 1st 78. ..1912
-ll-l
"a
100
129
,
AMP
Notk— Buyer
>. -l-
Sep
99% Sop
Sale
100%
1949 J-J
Northern
Yds 6s. 1916 J-J
Coll trust reiiindiiit: g 4sl940 A-O
Ch Mil
Dub D 6s.. 1920 J-J
Ch M A st P Wis V div 681920 J.J
Chic it No .Mich 1st gn 68.1931 M-N
Mich gen 6s
Chic A
1921 J-D
Concord & Mont cons 48.. 1920 J-D
Conn <fe Pass R 1st g 4s. ..1943 A-O
Current Hiver 1st 5s
1927 A-O
Det Ur Rap A \V 1st 4s... 1946 A-O
Dominion Coal 1st Os
1913 MS
Eastern 1st gold 6a
1900 MS
Fltchbur* 4s
1916 M-S
4s
1927 M-S
Fremt Elk it- .Mo V 1st 6a. .1933 A-O
i
12
i'onvi'1
Kane M
p
1(12
10584
FA
%s
3
1
....
109
192 M>£
1921 M-S
B*SWlt 4s
Illinois
%
128
Ill
01
l
Joint bonds nee
Chic .lo Ky<fe Stk
.
.
112
10 J
on
*
% jao oa
1
as
-lot. on
llinois Stool
'
S
Max'OH
2
1
J-J
J-J
j.
,
.1:111 '05!
101
FA
1910
1909
Cent Verm 1st B 4a. .May 1920
Chic Knn A >j extend 48.1906
1919
Iowa Dtv 1st 5a
Iowh Div 1st 4s
1919
Debenture is
1918
Denver Exten 4s
1922
iom
104
«a
1
I
:
10
Feb '04
04 % A |>t '00
117
Feu '04
M-N
1st 7s.
Nebraska Exten 4s
in-.'
.'.-
I
.\
Lo;
'
I,
99%
1906
Improvement -is
Bost a- .Mon 3d issue 7s... 1904
Boston tornun.il 1813*98.1947
1918
Bur it .Mo Kit ox 6a
1918
Non exempt tJa
Sinking inn.) 4s
1910
lit 1
But to it Boston 1st os
BiA
102'.!
'4
'I-
'
Oct 13
191(1 J-J
A-O
6s.. .19]
la Falls A Sioax t lsl 7s.. 191 7 A O
1925 A-O
Kan C Clin <S Spr 1st 6a...
Kan C Ft S Gull lat 7a.. 1908 J-D
Kan ill soon a- M 6s. ...1028 M-N
100*4
M
in:
S.iii-
l
A Mo R
lute
a •!, list act
i.-'i
I-.
.
11 1:
10. 'w-i'i '06
I'''.
102%
MS
MS
t
Hi
100
"I'M
No\
Boston Eli 01 l.i :.. 1-'. 68.1908
'•
Consol 5a.
Boston a- Lowell Is
190^
Boston A- Maine -.s
1944
Co.lar Kap
2.1 7s
1I«3
UN STOCK I-..M )i-i.
Wbbk Endinm Octobbu 13
nine*
sate
1011
"I ",S;|lo
M-S
A-O
.v.-
10 'V
100
190S J.J
u
Telephone
7
1
1
HUM)-
/lII'I'K
rrittai,
/in;
Telepd Til
5
1
Boston Bond Record.
Boston STOCK KXCJ
Week i-.mu.nu octobbb
Am
Am
J
'
'
.
Week
shares
Lowest
Highest
Highest
Lowest
Baltimore
•-6
S
*86
109
109%
^7% 27%
27
•-7',
57
90
57
109 Si 109
•86
87
•85
109
27
87
27
27
*86
•108
109
27 <4
27
89% 09%
57% 57%
10%
62% 62% 52% 52% •52% 53
2b % 23
28% 28% 29
29%
U% 11% 11% 11%
11% 11 Si
52% 52%
28% 28%
11% 11%
*
.
.
57%
+
•10
•43
*10
•43
12
44
18% 19%
•106%
107*4
74% 74%
3%
3
71% 7i%
48% 49
18%
•*
12
10
12
•14
43
44
*\iH
10
19
3%
3«i
71%
48%
713<
4.0*
8'%e
8">tfl
27-4
59%
J0t
f
lfl
'4'i
463, 46",
16%
49% •49% 49-%
62% 62% 62% fr! \
97% 97% 97
07%
27 »4 27%
•49-b
1-^8
Inncuve blocks
American Cement
10
Bell Telephone
Cambria Iron
>
Hid
l'illl.AOKI.! II1A
50
50
6%
Central Coal <fc Coke, lot
Preferred
loi.
Consol Trac Pitts
5o
Preferred
60
Diamond State steel.. 10
1
Preferred
Eaaton Con Electric {.50
tlec Storage Bait
100
Preferred
100
German town Pass
50
Harrison Bros pref... 100
Indianapolis St
6%
4t>%
Indiana Union Tr
nsurance Co of N A 1
Inter Sm Pow <fe chero.60
Keystone Telephone ..50
Preferred
50
. .
10
50
MinehUlJfc schuyl H..60
N Haven Iron & Steel.
Northern Central
60
North Pennsylvania. .50
Pennsylvania salt
50
Pennsylvania Steel., loo
Preferred
ion
Phila Co (Pitta) pref... 50
Phil Herman <& Nonrts.50
I'hila Traction
50
Hallways General
lo
|ueh Iron & steel 6
c Steel
iu
Preferred
10
Ton. .pah Mining of Nevl
Uni.n Tr of Ind
loo
United M J RH <fe C..100
United Trac Pitta
60
Pref erred
Warwick Iron & Steel. 10
Weal Jersey & SeaSh..V)
Westmoreland
•
id-%
107
73% 73',
3% 33<
71% 71%
48% 48%
8i%„
28
8%
28
60%, 60%
•46 '4
•49
4/
%
%
49%
62%
96% 96%
623,
Atl city lat 5s g'19..M-N
Balls Ter 1st 6s 1926.J-D
Bethle Steel 6s 1998. Q-F
Can 1st 58 '16 J-J
Che
Choc& Mo 1st 5s 1949 J-J
% Ch ok & G gen
3
'1
Elec
Eq
4834
48
%
13%
26
14
02 %
67
2%
3
106
103
106
14
5%
109
1
I
71
Coal....5i
Bid ana asked price*, no sales on
W & B col
tr
4s "21. J-J
Uocli Ry<fc Leon 5s'54.I-.l
U Trao Ind gen 5s*19.J-J
Un Rys Tr oUs 4s'49JcfeJ
U Trac Pit gen 5s '97 J-J
5
Aprl:
10% Sop
'.'.
1
03
RHs
Nav 4%s
88
89
64
Si
Ala Cons CoalA
116%
1
16%
114%
127%
162%
101% ibi34
114
127
'
5
ib'6%
100
Honds
Anacostla
Atl
Pot 5s
Ch l8t7... 1907 J-J
<fe
&,
Allan C L RR4sl952M-S
Atl Coast L(Ct)ctf 8 5s J D
Ctfsof lndebt 4S....I-.I
5-20 yr4s 1925
-J
Bait Pass 1 st 5a 1 1 M N
Bait Fundg 5s. 1910 M N
Exchange 3 %a 1 980 3 J
109%
'
101
4
Oct
a
29'!
12% Keb'io
1033,
'..7%
88
114
69 h
102
102
100
10534 106
lol%
'
1
.
Kxt
Ac
njsliuatd.
Imp
»
6a.
4>lo
L0S2
pnuU
M
I
f20
J'ne 51 Not
18% May 26% Oct
734 Feb
11% Deo
5%J'ly 14% Nov
44 % Nov
20 Auii
43
Feb 69 % Dec
2% Mar 4% Nov
55% Mai 70 Dec
37% Mil) 43% Oct
5
May 1 10% Deo
19 Nov
8 Jan
19% Mat 41% Dec
38 Mar 46 Deo
28 Mar 42% Dec
45»4 Jaa 59% Deo
Ml
May 108 Dec
3334
||
1
1934 Oct
^8%
70
Mia
A ext 6s. '09 J-J
2d 7s
1910 A-U
City & Sub 1st 5h.. '22 J-D
:it v <fc sub( Was)lst 68'4b
Cool & 1 Ry lst58'20F-A
Col<fcGrnvl8t0s.l916J-J
Consol Gas 6s.. .1910 J-D
1939 J-D
6s
la Ac Ala Istcon 5s '45 J -J
':ai:ar&Nl.st5sg"29.J..I
420
100
10134 11."^
1 1 6 % 117
'4
1st 68'88
Un KyA
\'a
'•.
Id
-M
100%
112%
112
1%
1
116%
i:u
91
,
33%
3 1%
loi
'
UJ
I
I20S
117% 119
I
aerlea
..~>
;
"06"
:
I
1
I
07%
08%
00%
66
101
1
10
MS
i:iju..M-s
i.r*- .;^.JJ
Blind debt 2 '> it.i'.JJ
West .\ C (Ol, Us 1914 JJ
WeeVa CAP lstog'i 1 JJ
Wll A V, .1,1 .Vs. .19. 15. J-J
,
iu
80»4
II
016 -M
1921.
ii.
110
119
D
Us 1006. .M-S
series Us 191] ...M B
(.-
118%
H
1949
ts
lsl
411,
\'.i
%
•)
El 1st 4s '49
.'.in.'
Mid
;,tii
117
5s 1920. J
3d
109
108
I
100
Jo8'4
lid
112
M -N
South Hound 1st 68. .A
i.A p 1st 4%a'20M.N
•2d
1
105
110
02
In.
1
i'lT'
2
i'l4" 115
104% 106
82% 82%
Seab& Roan
104% 105
11..:
05%
95
120
M el St( \Va.sh)lstos'25F A
Mt Ver Cot Duck 1st 5s.
Geueral 5s
1941 M-8
12% 13% Norfolk St 1st 5s'41...l-J
83% 34% North Oeut4%8 1925 A-O
J-J
series A 6s 1920
30
40
1 -J
Series B 6s 1926
100 101
Pitt Un Trac 5s 1997.J-J
71
Polo Val 1st 5s 1941. -J-J
8% 9
Sav Fla<fcWest6s'34 A-O
Seaboard A L4s 1950 A-O
117
Ask
Incomes
Npt NAiO P
93%
1
J'ne
10U
Georgia P 1st 6s. ..'22 J-J
(iaSo<fc Fla 1st os 1945J-J
G-B-S Brew 3-48 1951M-S
2d income 5s 1951 M-N
Knox v Trac lsl 5s "28A-0
LakoH El 1st gu5s'42M-8
166
162
95
22
1IALTI HOKi:
1
08
9
16% Deo
5 34 J'ne
i
101
Deo
86
J'ne 109% Deo
'hail C<fc
118
.
1st Us in I'll A.-0
Halt Trao 1st 6a. .'29 M-N
No Bait DlT6a 1042 J-D
Convertible 6a. '06 M N
'.-iii'i I-.-.
1032
on
71
Chas City Ry 1st 5s "23 JJ
(has HyGde El 58 '99 M-S
Balt& P
»4>75op^id.
3
Ash
104
1
101
Ei-ri^hUi.
100
100
let pref
102% 103%
;.t
54% Apr
May 2 2
si
on. 100
2d nref
G-B-8 Brewing
ConAOOl tr 5h 1951M-N
Phil Kieo gold trust ctfs.
Trust e.-rl i(« 4i
•„
I:
100
Atlanta* Charlotte.. 100
Atlan Coast Line R R 10(1
AtlanCoaatL (Conu)lOo
Canton Co
loo
Cons Cot Duck Corp.. .50
Preferred
50
Georgia Sou & Fla...l00
108% 104
111
111%
tlua day.
Jan
2434
10% Jan 25
1
Pre!
4s g
1.
48
lmictive Stocks
'14.<J-J
1014. U-Y
GenM 4%8 g.l924.y-l'
g '33. .J-J
Lch V C 1st 6s
Leh ext 48 1st 1948. J-D
M-8
2d 7s 1010
J-D
Consol 0s 1923
1 \>
Annuity 6s
Gen cons 4s 2008. M-N
,09
57% Jan
l
BALTIMORE
FColHt<k.:oIU
"".v>;
P
'4
1"! S
'
60
Con
118% 118 Si
43
"5V,"
M 4s g *47. A-O
M ot '82 4s '37. J-
Ex Imp
121%
Peo Tr stk tr ctis 100% 100% Welabach s f 5s 1930. .ID
Ga8-Llstg5s 1928 107
Wlks-BG&Econ58'55J-J
Lehigh
1
Bid
\
<fc
II
Income 4a 1989. ..M-N
NoOhioTrac con 5 h' 1 J -J
158% 160
loo
100% No Penn 1st 4s '36.. M-N
Penn gen Os r 1910. .Var
"i'% '"l"%
Cinsol 61 r 1919... Var
1% 1% Penn & Md Steel con Us.
2
Pa& N Y Can 7s '00. .ID
4
A-O
Con 5s 1939
13%
A-O
Con 4s 1939
99% 100
2. ;o%
Penn Steel lat 5s '17 M-N
People's Tr tr certs 4s '43
4-3,
Mayl
21% Jan 16 ii7 4 0ct 7
83 Mar 23 t-osiJ'ly c
47% Jan 2 67% Oct 1
12% Apr 24 13 Mar ^
Terminal 5sgl941.Q-K
iii"
1)4%
NY Fh<fc No 1st 4s '39 J-J
107
I'illLADKLI'HI
9034
iVo";
1st 5s. '33
Newark Pass con
105
475
8,152
& E gen M 6 g "20. A-O 115%
Gen M 4sgl920..A<feO
Ph & Read 2d 5s '33. A-O
Con M 7s 1911
J-D 117
ConM 6s g 1911. ...J-D 112%
(
Leh VTraolBt4s'29.J-l.
NewCon Gaa 5» 194H J-L
1()4% 105
Mayl6 90
83
99
P
109
V
15
2,470
I
Ask
Mid
Interstate 4s 194.1 ..F-A
.i.i
4
28
28
00 5 i6 60%
46% 40 4
49 Ji 4934
63
63
96 >4 9i%
27 '4 27»4
H & B Top con 58 '26 A-O
Indianapolis Ry 4s. 193::
13 V
4
8 1S 18 8 15 te
5s '19 J-J
5b 1932
E& A 1st M 6a 1920 M-N
26%
82
10 Jan 9 17% Jan 2
305 38% J'ue2o 49 Jan 20
564 14% May 24 25% Mar 4
516 100% J'ty 3 112 Aug I'.
i.iehigli Valley
60 16.77.. 62% Jan 9 75% Oct Y
2,i 10O
MarsdenCo
100
3 J'ne 1
5 a4 J a n 1
Pennsylvania RR
60 1,6
65'3ie May 2 2 73%Aug23
t'hiladelp'a Co (Pittsb) 50 I6,4rid 40 J4 Jan 25 49% Oct 9
Philadelphia Electric^. 25 6,470 8
J'ne 5 12%Apr27
Phila Rapid Transits.. 50 2,401 tl734 Jan 4 236 Aprl.
Beading
60 96,48=1 39% Jan 13 62% Aug.'4
Do 1st pref
44 45 May20 47% Auj;2v
50
Do 2dpief
173 42 Jan 9 50%6Sep2H
60
Union Tracton
721 68% Mar
60
63 MayliUnited Gas Impt
60 1,624 90 J'ne 5 126% Apr Is
21ti 20
Welabach Co
Feb?.-. 28
Jan 1
100
Ry Istcon
Con Trac of N J
84
74%
8
jtondH
Al Val E ext 7s 1910 A-O
AiuRyaconvSa 1011. J-D
Col St
82
73%
71»ie71i3 1B
,
&D
KeystoneWatchCaae.lOO
Lit Brothers
LitUe Schuylkill
47
49 34
6J \
97
•52% 53 American Railways.... 50
28% 29 Cambria Steol
60
11% 11% Electric Co of America 10
*8
10 yen Asphalt tr otls
100
10
•41
43
42
Do preftrctfs
100
18% 18% 18% Lake SupenorX!orp
100
10/% •107% 108 lienigh C & Navtr ctfs. 60
Berg& EBrw 1st 6s"2 1 J -J
%
'4
151
5,12.
a. 110
52
PHILADELPHIA
100
100
I
60%61i3i,.
Ask
61%
60
49
2714 seaboard (new)
28% 28%
11% 11%
42
18'8
47
49 '4
6234
07
52
*
12
43
107% 1(H
73% 74%
33,
3% 3%
3%
71% 71% 71% 72%
49
49 S48% 49%
*8%
8"M 9
2734 27%
27 b 28
1
27%
•89
•57
•16
Consolidated Gas
Northern Central
100
50
100
Do lstpref
loo
90
Do 2d pref
67 l4
100
16% United Ry <fe Klectric. 50
109
Fliilndelphia
*10
•42
60» 19 61%«
47
47
•49%, 49%
62% 62 >*
97% 97 ,
57
17
5!
+
IO0S1I0714 •107% 108
73 4 74%
73
1%
-.
9
9% 8
28
28
60»3 16 61%,*
Si
16Si
86% 86%
•10S
27%
89% S9%
89% 90%
57
57%
......
57
87
109
113
07
07
116
110
118
I
I .1
HI
',
THE CHRONICLE.
1164
Volume
ol
[Vol. lxxxi.
<iU« 'I'f'ill .III-*
Indianapolis (Ian
50
1st if 5s Hi52
A-U
Jacksou Gas '.s g '37. A-O
Kansas City Gas
100
1lL»Clede lias
100
llPreferred
100
Daiay'eGaslst Os'24. M -N
business at Stock Exchanges
TRANSACTIONS AX THE NEW YORK STOCK EXCHANGE
DAILV. WEEKLY AND YEARLY
Bid
50
I
inIii-i rut
1
iiinl
Unci'
Bid
Cons Ry Ltg&Refrig.lOO
4 103 "a 104 k Consol Rubber Tire. .100
103
Debenture 48
4 99
40
50
Cons storage Batteryloo
101 k 102
Cramps' Sh'ife Ed Hldi<loo
6k
2k
60
29
Ask
7
3>*
33
10
35
25
133& 13Hl
100
LUfl
Crucible .->teel
loo
35
30
llPreterreu
100
67't.
Dog&WaOV Is! Oh' 2 5. J- 1) 25
30
Cuban 08 01 1896
loOk 102
stocks
H eek endtmj
MhOih' n 'las lis 1920.A-O MO'i
110
Diamond Mutch Co. loo 140 ;40H,
KailToa.il ttc
State
O 8
6
Oct 13
Newark Gas (is 1944. Q-J 137 138 Dominion Copper
Bonds
1
Bonds
Bonds
i«
/Ml/5
far value
Newark Consul lias. .100 92
10
Knar**
93
'omnium .securities. 10"
HC011 g5s 1948
6
S-D 4112', 112 k Douglas Copper
6
$421,500
41,430,500
No Hudson L H & Pow
30
35
Electric Boat
loo
815.951 +32,428,600
$4.5"0
604.500
2,166,500
65
75
Preferred
67.386,700
08 1938
loo
A-O 4108 112
716.807
3,50
60(1,100
1.803.300
5
44.344.900
1lO<fe lndCNat& III .100
3
Electric Lead Keduc'u.50
Hi
47 ,124
72S.500
2,500
2.1l5,5o0
79.618.350
1st 6s 1926
24
30
.-»u
Ik
Preferred
J-D
873, 1 ol
Wednesday
18..00 Pat & Pas Oas<& EleolOO
61.7(8.9o0
503.500
1,812.500
16
16 Si
70
73
Electric Velucle
100
702.0
Thursday
1,220
741,500
20
24
1.86 7.000
34.601.600
Prelerred
1 on
1; Con g 5s 1949. ...Ms J105 Hi 10/
394,908
Friday
*4
101
St J oseph Gas 5s 1937. J -J 4 99
Electro- Pueum'icTrau lo
7k
8k
Empire Steel
loo
+324,150.050 $11,196,800 $3,599,600 $30,220
38
45
Prelerred
loi
Tclegr
Telephone
70
r.,
January 1 to Oct li
IIGeneral Chemical ..loo
Ween, ending Oct 13
Hales at
DAmerTeleg& Cable 100 92
107 k
33
11 Preferred
loo 104
Hew York Stock
liCeutral & So Amer. 100 130
140
Gold Hill Copper
1
,°8
1904
1905
1904
Exchange
1905
Coramer UnXel(N Y).25 115
27 k 27^4
Greene Con Copper... H
Eiup <fc Bay state Tel 100
78
4\ 4 S4
Greene Consol Goirt...l('
105,712,81s
193.794.739
6.189.121
3.493,991)
Stock*— No.shnret.
Franklin
6
7
100
47
53
Greene Gold-silver
10 t
Par vaiue...... 1 324 .169.050 $481,191,225 $17,97">.005,67i $9,784,683,450 'Hold <fc stook
IrtO
loo 121
i-itigifenbelaiExplo'n.loo 178
$509,300
$691,200
$11,700
$11,200
Bank shares, par..
ib
Hudson River Teleph 101
25
85
"9o"
llackc u sack.Mi-ai lows 10(
BONDS
UN Y
168
J Teleph.... U
172
Hackeusack Water Co —
*592.68o
*48O20
$6,000
$30,220
96
North western Teleg. 01 125 128
Boverumeutbondh
Ref g 4s 52 op 12. ..J-J 494
12,864,84.)
162.448.250
1.071.000
3,599.600
90
Paoilic & Atlantic
94
80
85
Hall Signal Co
loo
State bonds......
25
597,-04,9uO llSouthern & Atlantic 25 100
666,805 ,9oO
29,890,000
11,195.300
12
104
Havana Commercial, lot
Hit. and huh. bond*
36
Preferred
loo
$829,738,270 $610,662,420
$30,967,000
30
•1>U S26.120
Electric Companies
Havana Tobacco Co.. loo 28
Totai bonds..
40
38
Preferred
loo
79
82
Chicago Edison Co See C hicago list
1st g 5s June 1 '22. J-D
PHILADELPHIA
DAILY TRANSACTIONS AT TUB BOSTON
VKingsCo El L&PCo 100 195 205
Hecker-Jones Jew'l .Mil
EXCHANGES
108
109 Hi
>Jarra*;an (Prov) El Co 50 t98
1st 6s 1922
M-!1
53
El L&PowColOO
67
Herring. Hall -.Marvin 100
20
30
Philadelphia
80
Prelerred
90
Boston
1st prelerred
100
100
ending
"Week
2
5
23
United Electricof N J100
2d preferred
100
Oct 13
48 1949
Hoboken Land <fc IniplOO 20o
J-D
73H2 74
Bond
Bond
Unlisted
Listed
Listed Unlisted
muo
M-.N 4102k 103 Hi
1|5s 1910
sales
sales
shares
shares
s/iarrs
shares
6
6k
Houston OU
Ferry Companies
loo
31^4 32 Si
Preferred
100
$82,300
6,550
13.249
3,663
$3,000
23.812
Saturday
110
3
6
Hudson Realty
108,700 Brooklyn Ferry stocklOO
10,779
35,200
27,028
11,484
36,848
Monday
80
ti&
Inffi-r>oll-Rand pret.loo
1st 6s 19U.J-J 105
86,800
24,068
6,877
12.350
18,000
39.101
Tuesday
72
70
liuemat'l nan king ColOl 157 k 160
Ferry stk. loo
61,500
11.264
37,/ (2
14.238
28,750
42,0/1
Wednesday .
92
93
14Sr 143s
M-N
Int'n'lMerc Marine. 100
1st 5s 1922
74,600
7.540
30,240
8.396
36.500
34.422
Thursday
36 \ ,jO j4
Preferred
Hob con 5s'46.J-D 4109 110
lot
76,800
6.719
23,270
20,891
17,500
55,777
Friday
81 "8 8l7»
Hob Fy 1st 5s 1946 M-N 4110 112
Col tr deb 4 kl922op'o7
International Salt
2/ Hs -t)
1 00
48,729
$490,600 N Y & N J 1st 5s 1946. J-J 4104 108
165,625
$138,950
71,022
232.031
70
66
1st g5sl951
& So Blykn Ferry&St
7
10
98 101
International Silver, lot
Trans u 1st 5s 1906M-N
47
50
40
60
10th & 23d Sts Ferry 100
Preferred
loo
.08
97
1st OS 1948
1st mort 5s 1919. ..J-D 4 92
J-D 4107
fcO
1
27
29
Union Ferry stock .100
Lackawanna Steel. ..lot
Securities
97
Lauston Monotype
111st 5a 1920
M-N 96
20 r 15% 15>9
Lawyers Mort Insur.loo ISO 190
Review o' Outside Market will be found on a preceding page.
A Weekly
45
Railroad
JLeh <fc Wilkeab Coal.5t
llok i.2'6"
Lord & Taylor
lot
Street Railways
Street Railways
101
65
Bid
Ask Alb & Susq 40yr 3k2S cts 4114 115
Ask
Preferred
loo
135 145
Lynn<fc Bos 1st 5s '24. J-D 4109 H> 112
Chic Peo ds St L pref.100
liLoriilanl (P)prel ...101
YORK CITY
NEW
46 Hi
46
New Orl Rys<fc Light. 100 36 36Hj Deposited stock
2k
3 k Mack v Companies . .loi
el-'4
82 Hi
Preferred
100
79 K 80
Undeposited stock
2k
35
Preferred
lot
3k
33
Bleeck St & Ful F stk 100
20
25
894 90k
New 4Hi9
lien g 4 ks'30M&s 106
98
Prior
109
Madison So Garden. .10t
1950 ..J -J
94
1] 1st mort 4s
70
^0
North Chic Street See C1Vlcag< list
90
245
Con mtg g 5s 1930. J&J
94
2d Os 1919
Jd-h
llB'y & 7th Ave stk ..100 243
9
13
PubServ Corp of N J 100 ZOO 101
Income 5s 1930
15
107
ll.Uauliatt Beach Co.ioo
104
112(1 mort 5s 1914 ...J -J
a
2 Hi
Tr ctfs 2% to ,o perpet
67 S, 1|Fort Worth <fc Denver
Ji 1
2H,
67
Manhattan Transit
Con 5s 1943 See stock Excli list
17
13
Coll trust 6s gold note*stamped
City
100
72
75
Mex Nat Construe. pilot
B'way Surt 1st 5s gu 1924 4 108 110
1
1909 optional
97>4 Northern Securities.. 100 184
% 7 18
M-N 496
186
Mine Securities
360
f
Crosst'n stk. .100 340
UCent'l
8'6
9H3
27
North Jersey St Ry 100
Stubs
350 375
Mitchell Mining
li t
i21
Hist M 6s 1922 ...M-N 4117
9
1st 4s 1948
M-N 476
77
Pitts Bess 60 L E
50 t 34
Monongahela R Coal.. 5'
37
1ICenPkN«fc ERstk.100 205 210
" 26*1
27
83
Prelerred
Oi
Cons Trac of N J. ..100
84
60 t 74
Preferred
77
flChr't'r&lOthSt&tklOO 170 180
'11
10934 Seaboard Air Line
J-l) 109
1st 5s 1933
Mont & Boston Consol .r
8
Col& 9th Ave 5s See Stock Exch list
New'k Pas Ry 5s '30J-J 4113k 114 k
Coll tr 5s 1907 op. ..M-S
99 k 100
Mortgage Bond Co... lot 110 113
Dry D E B & B—
100
Rapid Tran St Ry..l00 255 260
SeaboardCo
See Bait Exch list
Mosler Sate Co
10"
115
111st gold 6s 1932... J-D 113
115
1st 5s 1921
A-O 4109
103
Va & southwestern. .100 60
90
Nat Bank of Cuba.. ..loi
llScrip 6s 1914 ...-F-A 100
25
J C Hob&Patersonloo
National Surety
too 140
Eighth Avenue stk. 100 385 400
1)
74''4
45
40
4s g 1949
M-N 2 74
2(
UNew Central Coal
Industrial and iUiscei
TiScrip 6s 1914 ....F-A 105
So J Gas El & Trac 100 124 127
N Y Biscuit 6s 1911. M-S 105
1]42d&GrStF'y8tk..lOO 395 415
Gug5s 1953
M-S 4102 k 104
Realty
100 125
YMtge& Security. loo 184
Alliance
N
42dStM& StN Av.,100 50 70
25
oO
No Hud Co Ry 6s'14J-J 4113
1|Amer Bank Note Co. 50
83
UNew York Dock
lot'
lllstmort 6s 1910 .M-S 106k 108 ki
70
J-J Ull
113
U)34 11
85
6s 1928
American Can com.. .100
IJPref erred
lo<
65
112(1 income 6s 1915 J J
7Ext 5s 1924
M-N 4105 107
71
100
72
N Y Transportation.. .2(
Prelerred
Iriterborough Rap Tr. loo 213'i 214
Pat City con 6s '31.J-D 4124
Niles-Beiu't-Poud pi. 100 110
k Exc list
American Chicle Co.. 100 140 115
Lex AV & Pav F 5s See til
IS
2d 6s. ...1914 opt A-O 4100
98
100
101
Nor
Lum'r»fcPulplOi
Prelerred
Metropol Securities See Stk J x list
1
3
see C liicagc list
loo
Am Graphophone Coin li 1 4-s 5 3 IJOntario Silver
Metropoi Street Ry Sec Stk L x list So Side El (Chic)
60
03
Syracuse Rap Tr 5s 1946 1 107 Hi 108 k
9
9
Otis Elevator com
lOo
Preferred
10 t
Ninth Avenue stock. 100 185 200
Trent P &
5s 1943J-D 4103 105
100 107 110
Am Ice Securities See Stk E x list Prelerred
Second Avenue stocklOO 205 210
2
United Rys of StL
Phoenix Securities..
3H>
103
Malting 6s 19 14. J-D I06 107
lllstmort 5s 1909 M-N -$102
34 Pittsburg Brewing
26-4 27
30 '< 30 k American Nickel
100
Com vottr ctfs
Ik
1
lo
50
Consol 5s 1948.... FA 41 14k 1151a
1
48
80
48H1
100
Preferred
180
82
5(
Amer Press Assoc'n.100 95 103
llSixth Avenue stock 100 170
II Preferred
(Jen 4s 1934
2
SeeStk Exch list
Pittsburg Coal See Stock Exch list
4
Am Soda Foun com.. loo
Sou Boulev 6s 1945. .J-J U02 106
6
57
U nit RysSan Fran SeeStk Exch list
62
Pope Manufacturing. loo
100
1st preferred
So Fer 1st 6s 1919.. .A-U 4105 108
43i*
75
80
Wash Ry & El Co.... 100 43
12
1st preferred
100
100
Third Avenue See Stock Exch list
2d preferred
3
18
20
190 194
Preferred
preferred
100
92 k 92 * American Surety
2d
100
50
P & 6s 192)- 4 105 108
Tarry
105
4
4s 1951
J-D
4 a4 Pratt & Whitn pref..lOo 100
VkersStRR5sl940A-O 4105 108
9m. 91 Si American Thread pref..5
175
Realty Assoc (Bklyn)lOO 170
60
62
28th<fe29thStsl8t6s'9u 4110k 112 ^ H West Chicago St .... 100
Tobacco (newj com.. 340 350
HI
Royal Bak Powd pref.100 109
UCong 6s 1936.. ..M-N 83
86
See stock Exch list
1|Twenty-Th'd St stk 100 398 115
Prefd
63
t
ol
Exch list Russell & Erwin
101
25
J-J 100
SeeStk
Deb 6a 1906
4s and 6s
125
35
40
Safety Car Heat & Lt 100 310
Typefo'rs com. ..100
Union Ry 1st 5s 1942 F-A 4110 112
Gas Securities
>40
98
100
Singer Mfg Co
108
100 6/0
Westche8tlst6s'43J-J 4106
100
Preferred
NEW YORK
30
40
5
6 Hi Standard Coupler comlOO
Amer Writing Paper. 100
32^4 33
120
Preferred
Union Gas 1st 5s... 4107 k. 109
Cent
100
100
Preferred
9
8
88 k 89 14 Standard Milling Co.100
BROOKLYN
Con Gas (N Y) stk. See St k Exc h list
J-J
58 1919
34
32
29 k 30
Preferred
Conv deb 6s ctfs SeeStk Exch list
100
Arizona Con Mining.. .50
82 Hj 83H»
5s
loo 275 285
a
AUan Ave 5s 1909. .A-O 4101 k 103 k ^Mutual Gas
Baldomero Mining
its
21
Standard Oil of N J.. 100 668 672
A-O 112 114 New Amsterdam Gas
Con 5s g 1931
1]Barney<fcSmCar ...100
Hi
E 5s 1933. .A-O 100 101
130
Storage Power
1st consol 6s 1948. .J-J
112
100 126
50 t
B B <fc
llPreferred
Brooklyn City stock... 10 241 243
29k 30 Swift & Co See Boston St k Exc u'ge
N Y <fe East River Gas—
Bethl'm Steel Corp... 100
105
1st 5s 1910-1914. ...J-J 4102
1st 6s 1944
J-J 4112
87
87 k
115
100
Con 6s See Stock Exch list
Preferred
36
103
Tennessee Copper
Consol 5s 1945
110
Bkln orosstu 6s 1908. J -J 102
J-J 4108
25 t 35
Coll.tr. g.s.f. 6s 1914....
80
HTexas& Pacific Coal 100 76
60 140 145
Bkn Hgts lst5s 1941 A-O 104 105 N Y & Richmond Gas. 100 36
Bliss Company com
1st 6s 1908
50 130 145
A-O 4105 110
B kin o. Co <fc S u b See Stk Exch list Nor Un 1st 5s 1927. M-N 4106 108 Si
Preferred
190
Title Ins Co of N Y..100 187
130 160
100 405 420
Bklyu Rap Tran See Stk Exch list
Bond<fc MtgGuar
II Standard Gas com ..100
13 Hi
13
llPreferred
Tonapah Min (Nevada). 1
100 156 170
Cond Milk.. 100 170 176
Coney Is. &Bklyn ..100 300 320
Borden's
H
22
18
102
98
1st 6s 1930
M-N 109 112
TrentonPotteries comlOO
100 113 116
1st cons g 4s 1948. .J-J
Preferred
97 103
8-4
Preferred new
100
Brk C <fc N 6s 1939.J-J 112 116
5t 8
British uol Copper
1
a
45
60
3 t
Gr SU&New 1st 6s '06 F-A 100
Camden Land
i6
i6 Trow Directory new.. 100
OTHER CITIES
IHj
Hi
3
Union Copper
10
Gr'pt&Lorimer St 1st 6 102
com.. 100
of
Casein Co
80
83
Amer Light <fe Tract. 100 104 106
lOi
Union Typewr com. .100
75
Kings Co. Elevated
Preferred
Preferred
135
1st preferred
100 119 121
100 104 k 106 k Casualty Co of America.
1st 4s 1949 See Stock Exch list
3
100
2d preferred
76
Bay State Gas
50
100 113 115
100 131 133
Maseau Elec pre!
Celluloid Co
l
34
34 1*
110 113
Binghamton Gas 5s 1938 498 100
15
20
United Copper
100
Fireworks com. 100
5s 1944
Cent
75 k itf
See St k Exc h lisl Brooklyn Union Gas deb
72
Preferred
100
100
68
I8t4sl961
Preferred.
. •*•«
5
100 200
6s 1909 conv '07. ..M-S 170 180
100
4H
U S. Casualty
Central Foundry
N Wb'g<fcFlatlstex4Hj8 101 104
30
27
24
Buffalo City Gas stocklOO
100
23
U S Envelope com... 100
Stelnway 1st 6s 1922.J-J 411s 120
9
Preferred
87
89
1st 5s 1947 See Stook Exch list
^Prelerred
100
83 k 84
6s 1919 op '01M-N
Deb
79
84
Consol Gas of N J........
See Stk E x list U S Rubber 2d pf (wl) 100
Central Leather
OTHER CITIES
1st 5s 1936
163
J-J 4 94
100 160
U S Steel Corporation—
96
Century Realty
5112k 114
Consumers' L i±& Pow—
440 480
Coltrsf5s'51opt '11
Buffalo Street Ry—
Cnesebrough Mfg Co 100
106
Coltrsf 5s '51 not opt. 4112k! 114
6sl938
J-D 4110
1st consol 6s 1931. .F-A 4112k 114
City Investing Co
HDetroit Cityuas
50 t 95
A.O 4106
U S Tit Gu<fe Indem.100 128 133
Deb 6s 1917
1|Clatlin(HB)Com....lOO 109 115
7
6
Elizabeth Gas Lt Co.. 100 290
100
Universal Fire Ex t'r. 100
Chicago City Ry
See C hicago list
94k
1)lst prelerred
1
Essex & Hudson Gas 100 127 130
100
98
Universal Tobacco. ..loo
Columbus (O) St Ry..l00 100 101
1I2d preferred
5
2
100
Preferred
Fort Wayne Us 1925. .J -J
44
loo 110 111
48
Preferred
Colo Industrial. See Stoc k Ex list
65
80
Westchester <fc Bronx
Gascfe El Bergen Co. .100
68
Colutn Ry con 6s See I'll ila list
69 k Col<fc HockCoal&Ipf lou
Grand Rapids Gas
J-J 4 80
85
Title <fc Mort Guar Co. 177 k
111
Orosst'wn lst58'33.J-D 108
1st g 6s 1917
z
F-A !102 104
Westiugh Air Brake. .60 1143
1|lst 5s 1915
lOu
Grand Rapids Ry
62
100
58
Compressed Air Co. . .
Hs
1
65
White Knob Min (wi).
Hudson Co Gas
100 109 k 111
60
Preferred
85
Cousolid Car Heating 100
100
Ik l 7«
20
Preferred (w 1)
Lake St (Chic) El See C hicago list
Indiana Nat <& 111 Gas—
1|Cons Firew'ks com .100
Pump uref. loo 117 122
Worthing
HLouisv St5sl930..J&J 4112*4 114
loo
70
1st 6s 1908
M-N 23
06
26
llPreferred
8 Buyer pays accrued luterest. Price yor sua-re. iSaleprioe. a Ex riguts. .eExdiv, iNew stock.
sens ou stook Exchange, but not a very active securit
1
1
1
i
.:*.»
&
I
&N
ll
AND
NY&Q
NY
NV&ER
NU
NY
Outside
II
g^
ti
1
:i
-
t
Am
<
H
W
Am
M
\
Am
Am
un
W
Am
\
.
AO
.
.
•
I
,1
. .
.
..
.
M
»
5
7
1165
THE CHRONICLE.
Oct. 14 1905.1
investment and
_
^"""*"^
...-
.
jRailrcmcl Intelligence.
.
..
.---
.
ii,|.
nn
i
v
. -|-
i
i,
- - . . .
-y- . . ^' . t-
i
WW—
- -
'
-
i
i
Mliwn
i
RAILROAD GROSS EARNINGS.
returns
The following table shows the gross earnings of everv Steam railroad from which regular weekly or monthly
"
for the latest week or month, iml the last two
The Rrst two columns of figures give the gross earnings
win be obtained
columns the earnings for the period from July I to and including such Latest week or month. Wo add a supplementary
but covers some other
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July,
return* ol the street railvoava are. brought together separately on a autysetjiient page.
The
period.
Laust Hroas
BO ACS
or
hammo*
Current
year
Week
Month
July
Previous
rear
Latest (/rum
Latt-st Date.
to
I
Current
year
ROADS
Previous
or
i'ear
Ala Gt Southern. See 6outhe rn Ry. Sy tern be'o W.
AJa N O A lexa> 'aoiUo.
624,924
579,795
203.050 201.883
Ea«t. ept
273,353
312,783
66,433 113.947
Ala * Vleksb'g ept. ....
235,241
253,804
118, 170
62.87S
Vlek*b Bb & I*. Sept
h,<- 253,804
Inc.
147,693
Allegheny Valley August....
107.682
102,779
33.53
32,00s
3itwk July
Ann Arbor
Atch Top A S Ft'. August .. 5.967,032 5.444.334 11,651.945 10,107.170
346,436
317.285
317,285
346.481
Atlanta A liar. July,
25,407
28.374
Atlantic A Btr.. ithwk Aug
1,612,763 1,453.996 3,302.676 2,929.093
Ail Const Line... August
13.603
15,283
13.603
15.283
Bait A Ann S L.. Juiy.
6,398.037 5,870,35 12,166,017 11,144.894
\ugust
Bait A Ohio
349,224
329,828
181,432 176,010
Bangor A Aroosi \ugust
9.483
5.912
3.538
5.30
BeUetoute Cent'! Ml. Uwt
-15
12,299
6.9-6
4,818
UgUSt
Brltttrt A Saco K.
2,29l'.586
172.762 168,541 2,552.885
Bull Koch A tl.t.- 1st wk Oot
96.241
243,253
176,557
132.680
Butlalo ASusq... August
544.824
407.550
181.619 169,069
Cal Northw'n. ... .-ept ...
930,100
SO.oOO 1,231,700
Canadian North. Let wk oo« 100.200
Canadian faclilt 1st wk o. t 1B9.000 1.057,000 15,430.90:i 14,101.072
241,400 232.20U 2.963,858 2.620.011
Cent'l of Georgia isi wk Oct
248,388 1,979.575 4,320,144 3,901,230
Cent'l of N Jersey August ..
32.50
37,746
3,338
3,653
Chattan Soutu'n. •iihwkSepl
Cbesap A Ohio... August... 1,967.281 1.819,781 3,742. 894 3,491.284
1,056.300 1,193.064 1,986,937 2,140,204
Chic & Alton Ry V l-ll.-t
167,6ol 157.920 2.300,094 1.995.573
Chlo Ot Western 1st v k Oot
lo7,140 152,276 1,599.880 1,466,206
Chio Ind AL'v... 4thwk3ept
Chlo Milw & St f Augu>t. .. 4,407,405 4,205.054 8.423,092 8,207,274
August... 5,361,303 4.929,010 10.280,603 9,554,090
Chio A North W
Ohio St P M AO. August .. 1.028,981 977,702 1,948.115 1,825,523
431,053
31.170
462,954
33,854
Chlo Term Tr Kh 1st wk Oct
Cln N O ATPao. St-e Houtht rn Ry. Si stem belo
3,890,182
CIClnCli A St L. August...
,158,266 1, 126,098 4,049.17
~
493.842
471,732
257,840 260.1'."
Peoria & Kast'n August
141.311 136.705 1,972.438 1,649,529
Coloratto A South let wk Oot
31,084
38,670
10.449
15,973
Col Newb A Lau. August...
56,490
56,490
61.173
61,173
Copper Range... July
11.910
34.379
15,916
5,875
August...
Cornwall
30,038
81.091
41,432
20,688
Cornwall ALeb.. August .Denv. A Rio Or... 1st wk Oct 393,200 357,000 5,299,288 4,603,915
170.780
177.608
90,206
90.343
Det A Mackinac. August
38,520
29,336 1,335,300 1,392,947
Detioit Toi. A Ir 4tnwkMay
759,126
880.470
59.293
53,583
DulSo Sh AAtl.. 1st wk Oct
August... 4,406.759 4,103.880 8,366.059 8,034,325
Erie
NOiNo
l
.,
.
1
.
.
1.774
F'rchild A N'r'e'n August ..
FarmvUle & Po whattan— Now Tide
82,061
Fon JoUnst A Ol. August ..
271,615
Ft W A benv Citj August...
AUgUSt...
Georgia KK
Ga South A Fla.. St e souihe
Or Trunk System 1st wk Oot
Or Tr. West'u 3d wk Sepi
Det tir HAM.. 3d wk Sent
Great Northern.. sept
Montana Cent'l se^t
Total system. sept
Gull&ShipIslani! 4thwkSept
Hocking Valley.. AugUbt...
Illinois Central.. sepi
Illinois Southern Sept
IndlU A Iowa... J une.
Int A Gt North'n 1st wk Oot
1st wk oci
ILnteroc (Mex)
1st wk Oct
Iowa Central
.
.
Kanawha A Mloli
Kan City South'n
lUgUSt. ..
August...
LakeErieAWe.-.Ui June
Lehigh Val KK.. AUgUSt ..
Lexing A Kast'n. August. ..
August...
Long Inland ...
Louisiana A Ark. August...
Loulsv A Nashv 1st wk Otl
Macon A Blrm.. Sept
Mauls <fc No Las July
Mamntique
sept.
...
Maryl'd A Penn. August..
{Mexican Cent'l. August..
Mexican litem. 1st wk Oot
Wk Sep 23
i Mexican Ry
(Mexii-ansoutli'i.
WkSep
Mineral Range.. Ut
Minneap A St L.
M Ht f A S Bt M
Mo Kan cfc lexa.
1st
21
wk Oct
WK Oot
lat w h
Oc
wk Ooi
WK Oi.!
Central Brand. 1st wk Oci
Total
1st wkOct
Mob Jack a K C. Wk Hep 10
Mo Fae A
Iron Ml
1st
.
Bt
GullAChlc.lJlv.
Wi.EK.LY
5,590
3,616
Western, whlcii see
143,755
164.115
72,180
383,046
191,373
506,049
36a,222
418,334
211.384 193,666
rn Ry. »j item belo
791,030 738.71b 10.564,942 10.042,974
95,437 1,246,151 1,021,410
116,032
385,766
34.905
384,096
32,383
4,733,247 3,701,674 12,184,882 10,645.822
562.578
196.120
638,467
222,403
4,955,650 3,897,794 12,823,349 11,208,400
458,184
44,456
459,687
1/43,049
575.791 609,473 1,080,783 1.164,950
3,907,295 4,340,706 11,672,129 12,360.098
74,430
91,355
24,012
31,805
1.793,653 1,615,814
148,000 135",900 1,733.522 1,648,371
105,002 104,81s 1,505,513 1,492.757
683,200
52,715
747,745
55,194
309,609
365,489
196,061
164,791
995,971
496,290 520,672 1,005,096
4,923,617 5,096,211
036,037 2.410.317 5,404,206 4,966,863
78,270
47,473
39.890
90,863
l/'C.
104,717
Inc.
38,580
126.000
150.486
74.700
67,603
821,545 A; 786,74." 10,909,862 10,261,792
32,036
35.834
14,840
11,931
34,332
34,332
30,763
30,763
26,759
37,095
12,300
7,894
55.615
30,780
61,674
35,189
4,443,023 4,066,708
!, 294684 2,089,895
112.452 1,615,176 1,709,510
111,357
112,000 102,800 1,441.000 1,320,000
243.-11
10,740
270.511
17,991
'.03,780
182,470
14,670
13,203
64,85*2 1,063.659
839.889
37.466
249.99- 212,038 2,836,574 2.216.000
431.370 5,589,245 5,269,720
393.931
13.000 797,000 11,415.224 ll.84tl.590
2:1,000
500,700
34,000
609,5 1747,000 826,000 12.024,77^ 12,341,350
119,534
147.812
13,198
11.653
2,866
.vale:
A
!,
3
Mobile
A
We**
Month
narmnus
Current
year
Jul*
year
ePenn— EaatPAE August... 11967490
inc. 8
August...
eWest P A E
201,611
26,918
2.323
7.250.540
702.570
211,510
1,956.210
919,236
4,696,779
19.547
614,740
1029989«j
51,400
831.140
Nev-Oal-Oregon iept
Sevada Central.. Sept.
4,401
8.106,297
Rtv Sept
782.054
V Y Out A West. August...
245,608
N Y Susq A West August...
Norfolk A West'n August... 2.394,003
919,436
Northern Central August...
5,837,842
North'u Pacific. Seyt
20,869
Ohio RlvA West.. August...
654,^37
Paoltio Coast Co. August...
N
Y0&
Hud
.
PhilaBalt&W'sh AUgUSt... 1,252,827 1,249,12
Phlla
A
Pittsb
C
Raleigh
AUguBt...
Erie
A
St I August... 2,361,778 2,084.430
4,047
5,407
S'port August...
A
3,492,781 2,954,758
2,270,361 2,281,211
5,772,142 5,235.909
116,234 110.940
August...
42,932
48,919
Rio Grande Jot.. July
9.339
10,590
Rio Grande 80... 1st wk Oot
3.896,814
Rock Isl'd Sys.. august .. 4,481,592
August
August
AUgUBt
Reading Railway
Coal A IrCo...
Total Both Cos
Rioh FiJ ksb A P
..
..
..
.
Rutland
RR
June
AGr 1
144,527 135,052
August...
August... 3,552,474 3,412,434
185,376 1U8.367
1st wk Oct
1,120,865 971,245
Seaboard Air L.. July
116,881 119.917
Southern Ind
Sept
So PaoifloCoft... August.... 8,591,941 7,779,376
South Ry System
Southern Ry... 1st wk O01 1,041,476 984.934
Mobile a Ohio 1st wk Oot 151,748 141,004
CinNOATexP 3d wk Sept 164,128 133,901
5 ,383
60,914
Ala Great Sou 3d wk Sept
146,300 149,894
Ga South A Fla oeps...
20,333
25,645
Texas Central
4thwkSept
Texas A Pacino. 1st wk Oot 196,560 233,078
11,900
12,000
Tex S V A N W
August ...
7,524
8,702
Tidewater A W'n AUgUSt
411,479 387.995
Tol A Ohio Cent August
25,364
23,601
TolP A West.... 1st wk Oot
96,154
Tol St L A W.... 4thwkSept 109,454
53,937
61,472
Tor Ham A Bun Seyt. ...
5.758,736 4.812,090
Un Pac System August.
49,669
84,675
VirginiaASoW'D Sept ...
509,707 557,713
Wabash
1st wk Oot
380.202 315,483
West n Maryland July
773,950 691,450
Jersey A Sea e August..
87,049
Wheel A LE... 1st wk Oot 115,096
4,110
12.170
Wiohita Valley July....
18,83:,
20,484
Win'sportAN.Br. August
641,003 602,094
Wisconsin Cent. August
12,530
15,018
vVrightsv A T'n. August
Yazoo <fe Miss. V Sept.
427,058 643,587
St Jos
St
St
L A San Fran
L Southwest
.
.
.
W
-.
VARIOUS FISCAL YEARS
Allegheny Valley
Atlanta A Charl Air Line
Mar.
A
Atlantic
Birmingham
Belief onte Central
Dec.
Jan.
ul C. C. A St. Louis
Jan.
Peoria A Eastern
Jan.
International AGtNorth'n.. Jan.
Interoceanic of Mexico
Jan,
Lake Erie A Western
Jan.
Manistee A North Eastern.. Jan.
Mauistique
Jan.
Maryland A Pennsylvania..
{ Mexican International .. ..
Mexican Rail way
(Mexican Soutnern
;
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
to
to
to
to
to
10
to
to
to
Aug.
July
Aug.
Aug.
Aug.
to
to
to
July
to
Oct
to
to
to
to
Sept
Sept
Aug;.
Oct
Oct.
une
J
Sept.
Aug.
to
Oot
Oct
Oct
Oot
lau.
to
Sept
Jan.
Jan.
eWestof
E
Jan.
Piula Baltimore & Wash.... Jan.
Philadelphia
Erie
Jan.
Pitts Cin Chic A St Ixmis
Jan.
Rio Grande J uuctiou
Dec.
to
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Missouri Pacific
Central Branch
Total
(National RR ol Mexico
New York Central
Northern Central
cPennsy., East of P
E
A
PA
A
Texas A Pacific
West Jersey A Seashore
Jan.
Jan.
AGUKKC.ATIvS OP Gltovs KAUM.NGS-Weekly and
SUMMARIES Current Year Previous Y ar Inc. or Dec. P.O- MONTHLY SUMMARIES
to
to
to
to
to
to
to
to
to
)
July
Oot
Aug.
t
ar
391,771
442,514
4.521,750 3,761.934
1.772,451 1,757,551
15,402,059 13,139,349
38,3o4
37,688
1,251,010 1.215,505
22, 799,193 19.780,993
lite 1,52 2,11)0
2,486.905 2,417,505
1.517,919 1,489,056
4,508,389 3,992,940
7,928
10.093
6,591.059 5,616,105
4,619,150
4,124,35
10,715.41 10,235,345
238,029
260,490
4 2,932
48.019
122,217
150.012
6,930,812
8.352.97
2,494,364 2,414,451
22.6,342
278,375
6,709,318 6,195,937
2,287,454 2,320,354
971,245
1,120,-65
344,948
347,793
16,781,118 14,900,035
13,745,29'. 13.032,244
2,120,548
1,570,414
676,^29
416,538
181,304
2,921,375
24,600
16,689
2.26Z.108
1,729,00 J
708,29o
440.771
200,029
2,701 ,269
23,000
13,695
738,001
361,610
1,047,170
175,237
11,214,448
241,127
6,925,300
380,202
1,429,231
753,305
304.720
973,262
160,384
9,477.692
147,192
7,730,309
315,483
1,301,631
1,241,130
4,110
36.311
1,180,863
24.057
1,745.977
1,490,83'-
12,170
33,283
1,232,398
28,789
1,416.749
Previous
Current
Year
Period
Jan.
}*revious
2,555.553
2,507.78
3,286,250 2,919,130
66. 377
70,264
4.060
8.134
23,387,790 21,015, US
1,349,376
1,401.47,
769,511
217,864
26,240
Latent hate.
Current
Year
I*reoiou&
Ohio... See Southe rn Re. Sy stem bel<
06 1,825
833.761
Nasti Oh A St L.. 3ept ..
INat'l RRof Mex I t wkOot
to
I
Year
Inc. $67 3,557
$1,590,715 $1,466,799
554,918
769.169
35,367
38,963
14,280,201 13,890.003
1,778,630 2,017,519
4,551,899 4,043,808
4,827,229 4,762,884
2,277,854 2,325,228
254,758
267.872
79,20(i
62.721
155,677
172,764
4,o57,0.>7 5,271.114
4,561,200 4,436,800
853,-28
889,402
30,479,03s 31,395,050
1,375,52! 1,304,010
31.355,150 32,690,060
9,396,595 8,818.-07
62,577,353 57,488.231
6,768.5
6.636,1 15
to
65,183,869 76,476.009
Inc. 4,8 03,300
9,556,816 8,1(90,-16
5.168,011 4,95 >,720
17,017,314 15,611.160
850,818
859,955
8.360,826 8.350.106
8.077 "-3
3,261,683
iTloutiily.
Inc. or Dec.
Current Year Previous Y'ar
I
9
2d week July (40 roads).
3d week July (41 roads).
4th week July
1st week Aug.
2d week Aug.
3d week Aug.
4th week Aug.
(44 roails).
(41 road*).
;41
roa<l.-it
(4 1 loads).
(43 roads).
1st week
4u roailfl)
2d week Sept (40 roaos).
3d week Sept (37 roadu).
4th week Sept (37 roads).
1st
week Oct
(32 roads).
7,864,915
8,248,021
12,024.707
8,053,712
8,210,553
8,308,751
18,842,178
8.421,108
8,754.057
8,063,273
12,868,234
8.478,005
7,168.544
7,454,582
10,077.03'-'
7,455,483
7.841.740
7,992,642
12.770, (.03
8,072.9e
8,602.578
1
-.51
1
l.l'.K)
1,899,065
-.100,523
71
898 371
+784, 039 10 116
1,046 775 9-53
229
Month Oct 190 (124
Mouth Nov. 100 (124
Mouth Dec 1004 (123
Month Jan. 1005 (116
1-74
4-376 100 1-75
-1571 57. 1-47
.Month Feb. 1S)05 (117
Mar. 1005 (118
13,622,857 130.879.64ti
Apr. 1005 (115
136,595,868 127.237.31
May L905 (110 nlH. 144.103,256 129,712,739
1. si:,. 03
Juno L905 (104 nln.j i5.942.575
July 1005 1118 rds. 143.658,287 130,328,630
56 rdH.i 50,850,481 56.955,430
Aug. 10O5
Sept 1005 ( 55 rds.i 61,540,670 68,046,762
4
-t
-1.,
1
1
Month
Month
+848 LOT 1'3 I Month
-e251 470 2-95 Mouth
+ 149 ,088 175 Mouth
269 J
Mouth
+ 287 57. C51 Month
1
rds.)
rdn.i
rds.
rds.)
rds.)
rds.)
rds.)
150,732,959 154,758,622
151,304.117 140,909,476
146,743,102 136,889,640
127,073,068 10.22O.o7~
113.714.5O0 II 7. 25 1. 135
i
1
1
(
t
1
I
L
1
1
3'21
13,394,641 B'51
9,858,462 7"-:o
+7,852,980 6'58
—8,537,629 3-01
12.743,31 ..•73
7-35
t 0,3
1 1.300,517 11U»
11.097,643 IP68
-13,329.7. -7 100a
2,0o 1,051 ..10
+8,603,924 6 '03
+ 4.974.337
1
t-
I
.
,
I
;. Mexican currency.
b luomuert Ui«9 Hoos. A l'»x. Ciut. an<l in sabstd. Uom la DOtb ye*r*.
sUoren linos directly operated. <i Includes
the Chicago A Eastern Illinois In both year*.
k.
Atlanta Knoxvllle A Nortueru Include! in both yoars mime April 1; It nad previously been
lnoluded In 1905 since Jan. 1. y Loss U entirely in tna passenger earnings, oaused by yellow fever quarantines.
THE CHRONICLE.
T16G
[Vol.
—
Latest Gross Earnings by Weeks. In the table which
we sum up separately the earnings for the first
week of October. The table covers 32 roads and shows 3.51
cent increase in the aggregate over the same week
follows
f»er
ast year.
1st
Buff
&
Rio Grande
Atl
Grand Trunk of Canada
Grand Trunk Western
". Detroit Grand Hav & Milw
International & Gt. Northern
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
Mexican International
Mineral Range
Minn & St Louis
Minn St P
_.
Missouri Kansas & Texas
Mo Pac & Iron Mountain
Central Branch j
&SSM
& Ohio
Nat RR of Mexico
Rio Grande Southern
St Louis Southwestern
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Mobile
Wabash
Wheeling
& Lake
Erie
Total (32 roads).
Net increase (3.51 p. c.)
4,221
19,400
132,000
9,200
9,681
2,684
4,606
36.200
5.710
738,716
148.000
105,002
55.194
821,545
111,357
14,670
87,466
249,998
393,931
713,000
34,000
151.748
217.864
10,590
185.876
1,041,476
196,560
25.364
509,707
115,096
135,900
104,818
52,715
786,745
112,452
13,293
64,852
212,038
431,379
797,000
29,000
141,004
201,611
9,339
198,367
984,934
233,078
23,601
557,713
87,049
12,100
184
2,479
34,800
8.190,523
Previouslyreported(31 roads)
Central of Georgia
Chattanooga Southern
Chic Indplis & Louisville
Gulf & Ship Island...
—
37,448
84,000
5,000
10,744
16,253
12,491
1,763
48,006
28,047
219,558
315
507
1/43,949
2/44,456
12,825
29,333
1,413
958,535
468,269
c.)
to
1
Fall River
July
Aug
3,688
490,266
Aug
2,515.069
4,712,817
9,932.595
4,818
9,215
625,195
1,153,909
37,458
277,409
Net Earnings
Current
Previous
Year.
Year.
$
$
Inc 134,613
Inc 636,235
829,135
1,265,451
3,157,418
4,283
6,517
227,766
409,431
21,701
162,553
795,985
1,152,732
2,793,120
1,945
3,649
188,108
305,511
15,794
121,415
31,054
57,091
82,061
164,115
2,656,135
5,185,741
490,056
885,215
154,268
292,963
8,459
18.962
41,469
81,701
856,504
1,652,177
4,380
6,813
59,371
96,843
14,249
123,398
11,874
104,631
6,019
59,458
4,129
41,803
poration (Mass)
Aug
July 1 to Aug 31...
Milwaukee Gas Lt Co Sept
Jan 1 to Sept 30...
18,286
36,595
17,279
34,418
6,811
13,705
Electric
Aug
July 1 to Aug 31
53,178
104,421
23,724
44.024
831,140
5.163.011
116.234
260.490
6,204
11,697
73.696
590,064
20,134
41,845
11,769
22,503
343,568
1,410,951
31,357
84,817
& Nor E.b-.Aug
Grand Trunk Ry(Can)Aug
Aug 31...
Grand Trunk West. Aug
July 1 to Aug 31...
Det G H & Mil
Aug
July 1 to Aug 31...
July
1
to
1,774
3,616
2,606
31,665
def 891
def 397
Houghton Co
Electric Lt
(Hancock, Mich)
Aug
Jan 1 to Aug 31
Lowell Elect Light Cor-
Minn Gen
Cal & Ore.a
July 1 to Aug
Phila & Erie.b
Nev
Aug
31.—
Aug
Jan 1 to Aug 31
Rich Fred & Pot
Aug
July 1 to Aug 31
..j
43,519
86,541
23,164
38.959
769,511
4,959,720
110,940
238,929
1,647
15,870
13.382
21,819
1,743
23,665
8,244
18,489
2,187
17,601
3,832
41,957
24,202
697
1,157
2,308
9.511
18,909
2,163
4,325
23,007
69,067
2,783
5,538
146,333
294,711
5,507
10,308
11,063
23,703
9,627
18,219
12,905
21,932
6,580
12,378
zll0,314
X189.035
5,654
11,397
8,610
20,814
9,491
12,832
9,366
7,461
2,297
5,011
xlOO.573
£186,623
1,389
9,071
18,142
2,142
4,284
22,859
68,374
1,942
x After allowing for other income received,
c Charges include interest on debenture stock.
STREET RAILWAYS AND TRACTION COMPANIES.
Jan.
61,750
537,657
18,121
39,723
11,654
17.157
351,563
1,690,500
27.420
75.292
1
to
dale.
latest
of
Week
or
Month.
Albany & Hudson.
American R'ys Co.
Aur Elgin & Chi Ry
Binghamton Ry
Current Previous
Year.
Year
$
3
July
September
August
August
Boston & Worcest'r August
Burlingt'n (Vt) Tr. August
Cal Gas & Electric . July
Central Market St. July
August
Cent Penn Trac
August
Chi & Mil Elec
dChi & Oak Park.. September
August
Cin Northern Trac.
Ry & L'ht
(M'catine, Iowa) August
Current
Year.
3
Previous
Year.
8
41,498
143,362
71,373
30,767
63,324
12,129
435,971
14,765
57,431
67,838
66,078
54,028
33,228
127,902
53,553
27,379
55,866
9,238
320,857
178,042
C465.454
384,118
185.881
157,463
C415.070
293,391
170,102
58.768
3.030.224
53 610
2,173,393
53,199
55,087
58,887
51,342
383.167
347.073
600,643
2197,846
353.827
270.566
561,339
2194,602
11,513
55,540
29,554
22,052
134,050
13,077
118,024
49,479
22,763
10,007
51,488
25,845
79.913
347,737
159,623
67.332
306,783
149,032
112,421
11,520
131,477
41,893
20,776
3,804,071
502,392
980,630
311.201
C46.420
3,368,062
472,944
980,289
302.211
C41.996
94,835
25,734
84.528
25,605
614.846
2100,845
544.307
295,516
Citizens'
SW
Tr Co.. August
Clev Painsv & E. August
Clev&
Col Lon & Spring
Detroit United Ry.
Duluth Street Ry.
East St L & Sub_.
July
4th wk Sept
1st
wk Oct
September
Ele Aurora & So.. August
August
El Paso Electric
ftFt
Wayne & Wab
Valley Traction. August
Galveston Elect Co August
Havana ElecRy Co
Honolulu Rapid Tr
WkOct8_.
August
& Land Co
HoughtonCo St Ry August
Houston Elec Co.. August
August
Trac Co
Indianap& East Ry May
Indianap & Northwestern Traction August
Internat Trac Co
System (Buffalo) August
Jackson Consol Tr July
Jacksonv Elec Co. August
Kan City Ry & Lt. August
Lake Sh Elec Ry. August
Lehigh V Trac Co
Street Ry Dep.. August
Elec Light Dep. August
August
Lexington Ry
Illinois
Manila El
.
.
863
8,000
215
473
Wmsport & Nor Bch.Aug
2,882
July 1 to Aug 31..5,632
Wisconsin Central
Aug 148,347
July 1 to Aug 31...
299,796
Road.
2,376
21,407
def 61
138
13,937
22,877
46,758
93,175
860,397
1,660,449
97.330
124,582
59,858
102,196
July 1 to Aug 31..
Fall River Gas Works. Aug
July 1 to Aug 31. ._
Fonda Johnst & Gl.b.Aug
July 1 to Aug 31...
3
262,614
847,906
x28,474
I,677,883xdef261,318xdef367,349
3,354,835 xdef33.204a;def239.821
543
3,740
1,402
1,086
5.431
2,563
C172.909
56,357
15,199
C342.752
66,833 def37.241
10,206
8,052
5,588
81,089
63,561
40,326
Latest Gross Earnings.
8,165
72.321
2,866
5,590
26,453
52,154
72,180
143,755
2,580,705
5,099,119
367,421
731,922
159,621
289,556
Fairchild
3
2,187
17,501
to Aug 31. ..
Electric Light
poration (Mass)
Aug
July 1 to Aug 31.-.
Minneapolis Gen Elec.Aug
July 1 to Aug 31...
Nevada Cal & Ore
Aug
July 1 to Aug 31..
Toledo Peoria & West Sept
July 1 to Sept 30. ..
Name
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept. 23 1905.
The
next will appear in the issue of Oct. 21 1905.
Jan 1 to Aug 31
Boston & Albany. b
April 1 to June 30..
2,663,562
Jan 1 to June 30
4,977,641
July 1 to June 30. ..10,384, 574
Bridgeton&SacoRiv b Aug
6,986
July 1 to Aug 31...
12,299
Clue Gt Western, b
Aug 714,364
July 1 to Aug 31... 1,346,933
Cuyahoga Telephone. Aug
50,528
Jan 1 to Aug 31
373,665
Edison Elect Illuminating
Co (Brockton, Mass) Aug
10,314
Jan 1 to Aug 31
87,223
S
729
5,537
555
1,058
31
(Hancock. Mich)
Aug
Jan 1 to Aug 31
Lowell Elect Light Cor-
—
Roads.
Allegheny Valley
C171.409
C342.598
13,649
98,992
Gas Works. Aug
1
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
—
—
Bal. of Net E'ngs.
Current
Previous
Year.
Year.
Houghton Co
due to yellow-fever quarantine.
Gross Earn'gs
Current
Previous
Year.
Year.
$
$
Inc 147,693
Inc 673,557
etc.
Previous
Year.
14,864
12,368,234 11,899,965
Total (37 roads)
y Decrease
$
486,071
543
1,086
Co (Brockton, Mass)Aug
Jan
36,518
$
1
July 1
Bridgeton & Saco Riv. Aug
July 1 to Aug 31.-.
Chic Gt Western
Aug
July 1 to Aug 31-—
Cuyahoga Telephone. Aug
56,542
927,933
14,010
to June 30...
859,678
to June 30
1,719,000
to June 30... 3,554,513
1
Jan
Jan 1 to Aug 31
Edison Elect Illuminating
1,251
Rentals,
& Albany
April
1,377
Int.,
Current
Year.
*
Roads.
Boston
22,614
37,960
14,238
25,645
Rio Grande Southern
Texas Central
Net increase (3.94 p.
$
$
11,788,231 11,346,369
311,368
325,378
3,653
3.338
152.276
167,140
$
32,373
76,528
5,080
10.549
243,907
475,592
—
Increase. Decrease.
1904.
1905.
Previous
Year.
Interest Charges and Surplus.
The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
above or deficit below these charges.
1,095
507,130
287.572
Net Earnings
Current
Year.
$
35,764
90.306
9,462
18,010
257,609
484,181
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
For the fourth week of September our final statement
covers 37 roads and shows 3.94 per cent increase in the
aggregate over the same week last year.
4th week of September.
Wmsport & Nor Bch.aAug
July 1 to Aug 31—
Wisconsin Central. b.. Aug
July 1 to Aug 31—
52,314
8,478,095
Central of Georgia..
Chicago Great Western
Chicago Terminal Transfer
$
168,541
80,800
1,057,000
232,200
157,920
31,170
136,705
357,000
53.583
791.030
Canadian Northern
Canadian Pacific
Denver
t
1904.
S
172,762
100,200
1,189,000
241,400
167.601
33,854
141,311
393,200
59,293
Pitts]
DuluthSoSh &
$
1905.
week of October.
Roch &
Increase.
Decrease.
Roads.
Toledo Peoria & W.b.Sept
July 1 to Sept 30.
Gross Earn'gs
Previous
Current
Year.
Year.
S
3
119,125
121,536
336,246
341,119
20,484
18,832
38,283
36,311
641,003
602,094
1 ,-180,863
1,232,398
l\xj\
Ry Dept
Ry & L
1st
wk Oct.
Met West Side Elev September
MilElec Ry& Lt Co August
Mil Lt H & Tr Co. August
Montreal Street Ry August
Norfolk Ry &L... July
Nor Ohio Tr&Lt Co August
Northern Tex Trac August
Northwestern Elev September
Oakland Tr Cons.. July
August
Orange Co Trac
Peeks LtgiRR Co. August
Pittsburgh M'Keesport & Greensb'g July
2/39,500
2/34,411 2/1,503,810 2/1,298,954
26,388
18,810
24,687
79,749
17,556
211.668
£98,120
216.207
129,321
900,369
83,156
635,760
75,675
479.890
15.997
23,995
433,672
95.190
434,035
2,739.836
227.161
188,375
78,615
2.986.798
238.110
208,728
3,107,578
509,467
62.274
13.274
34.276
56,150
12,934
35.629
384,919
112,222
228,671
335,444
104,575
10,200
186,640
277.015
69,724
262,009
81.986
102,718
59,244
111.460
119,816
15,946
12,157
161,860
272.325
50.336
236,245
74,237
95.963
48.626
99,610
104,276
15,875
11,465
1,654,451
2,094,914
397.204
1.805,711
405.461
628,245
421,698
1,026.379
804.157
83.744
80.968
1,537,007
2,084,940
299,845
1,639.427
371.117
688.929
359,840
938.163
707,714
78.522
72,354
22.423
20.532
100.327
89.177
25,823
20,771
45,810
129,491
19,031
42,404
1 1
.780
23,828
4*23".
706
.
Got.
U
TlIK CHRONICLE.
1905.
Latest Gross Earning*.
Same
of
Week or
Month.
Roads.
Current
Year.
—
August
Rochester Railway September
Rock. Bel. A Jane. August
St Joseph (Mo) Rv
Lt Ileat&PowCo September
San Fran Oakl'd 4
Year.
S
23.317
36,881
S
24,848
Pottsv Union Trac August ...
Rys Co Gen R'ds August
Ufht
1'rtvious
40,65ti
16.090
2.081
122,211
14.974
67.001
69.816,
1,956
Co's
152, 6S<)
Jan.
1
to
date.
latest
Current
Year.
Pit nous
Year.
•
$
135,120
150 069
248 676i
218.847
16 237
15.761
1,307 397 1,106,010
93 208
85,861
|
552.788
499.573
221.936
300.018
43.015
33.430
July
San Jose Rv
Sao Paulo (Brazil)
'Mi 139 6389.447
40.983
Tram
Co. Wk Sept 17! 41 .844
383 ,03S
355,040
49.932
51 64
8avannah Elec Co. August
al02 .711
18 ,134
Schuylkill Ry Co.. September
647,911
709 662
84 ,825
77,545
Scranton Railway. September
224 ,936 192,368 1 .646 .856 1,512,370
Seattle Electric Co August
135 ,864 112.680 1.214 ,756 1.124.437
South Side Elev... September
616 486
560,916
71,328
79 .932
Syracuse R T Ry.. August
261 680
231.509
29 ,060
30,009
Tampa Electric Co August
400 ,912
368,494
54,426
58 ,059
Terre HteT A L Co August
28 .693
TolBowlGrA So Tr August
176 .350 155.367 1.244, 135 1.139.600
Toledo Rys A Light August
142.469
25 .961
154, 984
22.974
Toledo A Western. August
44,870 2,072, 856 1.834.561
53 ,503
Toronto Railway.. Wk Oct 7.
Twin Citv Rap Tr. 4th wk Sep 119 ,615 101.040 3,4.80 907 3.205,701
Un'd Rys of St L.. September x72S 50S 1051.899 6,239 579 7,316.899
United of San Fran August ... 609 930 552.234 4,573 286 4.294.350
160,222
163, 437
Wash Alex A Mt V August ... 21 275! 21.193
350 575
302,905
Youngst' n-Sharon August
45 799l 38.617
LAP
.
I
1
I
,
I
a Totals are from April 17 1905. 6 Totals are from June 25 in both
d These are results for
years,
c Totals are from July 1 in both years,
main line, h These are the combined earnings of all the constituent
Decrease due to a strike and boycott, x Decrease due
companies.
to the fact that the Louisiana Purchase Exposition was open last year.
y Spanish silver. 2 Totals are from May 1 in both years.
Jfc
—
The following table gives
Street Railway Net Earnings.
the returns of STREET railway gross and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be^found in the issue of Sept. 30, 1905. The
next will appear in the issue of Oct. 28 1905.
Gross Earn'gs
Current
Previous
Year.
Year.
$
S
118,024
131,477
Net Earnings
Previous
Current
Year.
$
63,659
552,078
7,057
15,466
10,010
41,527
Year.
$
81.484
530,175
6,776
12,806
d7,733
18,810
129,321 ddef24,691
Houston Electric
Aug
24,687
19.944
Jacksonville Electric. .Aug
23,828
8,605
Jan 1 to Aug 31...
188,375
89,668
Rochester Ry.b
122,211
Sept
73,104
Jan
1 to Sept 30... 1,307,*>C7
1,106,910
608,639
July 1 to Sept 30...
489,476
398.752
238,968
Savannah Electric
Aug 51,164
49,932
21,037
Jan 1 to Aug 31...
383,038
355,040
161,746
Schuylkill Ry.a
Sept
18,134
8.428
April 17 to Sept 30...
102,711
49.856
Scranton Ry
Sept
84,825
77.545
39,598
Jan 1 to Sept 30...
709,662
647,911
312,985
Seattle Electric
Aug 224,936
192,368
84,356
Jan 1 to Aug
1,646.856
1,512,370
565,300
Tampa Electric
Aug
29,060
30,009
11,290
261,680Jan 1 to Aug
231,509
106,506
Terre Haute Tr A Lt. Aug
58,049
54,426
23,915
Jan 1 to Aug 31...
400,912
368,494
128,484
d8,982
d38,503
Roads.
East St Louis A Sub. Sept
Jan 1 to Sept 30...
El Paso Electric
Aug
July 1 to Aug 31--.
Galveston Electric... Aug
May
1
to
31—
Aug
Houghton Co
980,630
22,763
46.420
25,734
100,845
Street
980,289
20.776
41,996
25,605
95,516
Ry
(Hancock, Mich). ..Aug
Jan 1 to Aug 31...
20,771
98,120
45,810
23,995
208,728
152,689
31—
31—
1,728
10,131
75,595
57,162
498,258
194,749
22,556
150,401
37,545
284,840
58,433
471,567
13,056
91,629
22,111
120.004
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
d Falling off due to a strike and a boycott by the trades unions.
Int., Rentals,
Current
Year.
Roads.
S
El Paso Electric
Aug
July 1 to Aug 31...
Galveston Electric... Aug
May
1
to
Aug
Houghton Co
31—
Street
Aug
Electric
Jacksonville Electric. Aug
Jan 1 to Aug 31...
Ry
Rochester
Jan
1
July
1
Savannah
Jan
1
...Sept
to Sept 30...
to Sept 30...
Electric
Aug
to Aug 31...
Schuylkill Ry
Sept
April 17 to Sept 30...
Scranton
Jan
Ry
1
...Sept
to Sept 30...
Seattle Electric
Aug
Jan 1 to Aug 31...
Tampa Electric
Aug
Jan 1 to Aug 31...
Terre Haute Tr
Jan
1
to
A
Lt. Aug
Aug 31...
x After allowing
Previous
Year.
%
3.327
6.656
_
for othtr
3,732
28,656
9,059
3,234
24,380
27,821
248.470
84.367
10,554
84,431
5,292
28,513
18.514
167,772
23,796
198.151
1,885
15,149
10,998
79,742
3,454
26,838
8,316
3,017
24,733
26,360
239,210
81.092
10,645
83,710
18.703
165.796
25.358
193,996
1.885
16.164
9,640
76,445
income received.
is
This index does not include reports in to-day's Chronicle.
Page.
839
724
505
American Glue
840
American Hide A Leather
660
American Light A Traction
840. S9S
American Looomotlve
-.1102
Shipbuilding
American
American Smelt. A Kenning... 898. 920
840
Appleton A Co. (balance sheet)
770
Associated Merchants
Atchison Topeka A Santa Fe...970. 9K5
1099
Atlantic A Birmingham
Railroads, Etc.
A Ills-Chalmers Co
American Agricultural Chemical
Uemls Bros. Hag (balance sheet)
71!5
666
Bon Air Coal A Iron
1040
Boston * Maine
Brunswick Dock A City Improv't.. 612
Buflttlo Roch. <fc Pitts
611, 666. 673
604
Calumet A Hecla Mining
Canadian Pacific
895. 902
Central Foundry
724
Central of Georgia
723. 919
Cent. Leather (statement to N. Y.
604
Stock Exchange)
971
Central RR. of New Jersey
Chesapeake A Ohio
896. 908
1099
Chicago A Alton
897 905
Chicago Great Western
Chicago Indianapolis A Louisville.. 1098
838, 849
Chic. Mllw. A St. Paul
1038. 1047
Chicago A North Western
Chicago Pneumatic Tool (6 mos.).. 615
Chicago St. Paul Minn. A Omaha.. 1038
897
Chicago Terminal Transfer
1099
Colorado A Southern
Consolidated Cotton Duck (6 mos.). 670
Creamery Package Mfg. (balance
506
sheet Nov. 30)
838, 845
Denver A Rio Grande
Mack. A Marq. Land Grant. 667
Detroit
1098
Distillers' Securities Corp.
1042
Duluth South Shore A Atlantic
839
Erie RR
Erie A West. Transp. (statement
724
May 10)
Fairbanks. N. K. (balance sheet)... 667
1100
Fort Worth A Denver City
558
Globe-Wernlcke Co. (bal. sheet)
Gufley Petrol, (bal. sheet Jan. 1)... 506
506
Gull Rellnlng (bal. sheet Jan. 1)
666
Gull A Ship Island
897. 916
Hocking Valley
Illinois Central.
1095. 1105
Interhorough Rapid Transit
666
973
La Belle Iron Works
Lake Superior Corporation
Long Island
Louisiana
1103
/23. 782
Lehigh Valley
971
A
Arkansas
1039. 1050
Railroads. Etc.
Page.
Louisville Henderson A St. Louis.. 976
Louisville A Nashville
1096. 1112
Lowell Machine shop (balance sheet
March 31)
658
Lyons Beet Sugar Rellnlng (balance
sheet March 1)
606
Maine Central
897
Manhattan Ry
666
Mexican Central
1040
Mldvale Steel (bal. sheet Feb.27)... 657
Minneapolis A St. Louis
1100
Minn. St P. A Ste Marie
1041
Missouri Kansas A Texas
1096
Nashville Chattauooga A St. Louis. 1096
National Enam. A Stamping
612
National Novelty Corporation
012
National Rice Milling (11 mos )
666
New York Dock
1042
New York New Haven A Hartford. 1<>39
New York Ontario A Western
972
New York A Richmond Gas
667
Niagara Light Heat A Power
617
Nlles-Bement-Pond (bal. sh. Dec. 3) 506
Norfolk A Western
896. 912
Oceanic Steamship
606
Page Woven Wire Fence
605
Pflstcr A Vogel Leather (bal. sheet). 658
Pittsburgh Coal (half-year)
656
Reading Co..
970. 978
Saco A Petee Machine Shops (bal.
sheet Aug. 29)
666
St. Louis Southwestern
1097
Southern Ry
665
Texas Central
ln98
Toledo A Ohio Central
1097
Toledo Peoria A Western
669
Union Oil
657
United Petroleum
557
.
United States Envelope
666
United States Glass...
724
United States Telephono, Ohio
506
United States Steel Corp. (quarter
and half-year)
604
Virginia Coal A Coke
1052
Virginia A Southwestern
1045
Warren Bros. Co. (bal. sh. Dec. 31). 666
Welsbach Co
921
Western Stone (bal. sh. Dec. 3D
724
Westlnghouse Air Brake.
973
Yazoo A Mississippi Valley .970, 989. 1042
Street Railways
American Railways
1043
Brooklyn Rapid Transit
898
Kansas City Ry. A Light
655
Northwestern Elev. RR., Chicago.. 976
Philadelphia Rapid Transit
973
Railways Co General
1044
W. India Elec. Co.. Kingston. Jam. 505
—
Erie Railroad.
(Report for the Fiscal Year Ending June 30 1905.)
Extracts from the report of President Underwood will be
found on pages 1186 to 1191. Below is published a comparative statement for several years of the operations, earnings,
charges, &c, and the balance sheets:
OPERATIONS AND EQUIPMENT.
1904-05.
2,151
1903-04.
2,150
1902-03.
2,153
1901-02.
2,154
Equipment
Locomotives
Passenger equipment.
Freight equipment...
Company cars, snow-
1,292
1,042
52,041
1,255
1,027
53,480
1,130
965
53,213
1,154
951
52,592
plows, etc
._
Floating equipment..
783
530
727
542
702
541
695
547
Miles operated
—
C)T)€T(XtiOTlS~~'~
Passengers carried... 20,755,414 20,395,440 19,976,353
18,597,550
Pass, carried 1 mile.. 568,318, 144 549,757,640 528,997,362 509,232,576
Kate p. pass. p. mile. 1.478 cts.
1.469 cts.
1.516 cts.
1.500 cts.
Freight (tons) carried 31,561,623
29,835,105 31,645,726 27.697,159
Fr't (tons) car. 1 mile. 5163595295 5189158000 5407350000 4756339000
Rate per ton per mile. 0.623 cts.
0.627 cts.
0.612 cts.
0.596 cts.
Av. tr.-load(rev.)tons
Earns, p. pass.tr'nm.
Earns, p. fr't tr'nm..
412
400
406
SI. 114
81.108
$2,507
$20,000
$1,111
$2,484
$20,209
S2.569
$20,140
377
$1,065
$2,242
$17,834
1904-05.
$
20,553,003
11,628,376
8,397,368
1903-04.
$
20,421,353
12,101,389
8,077,464
486,799
918,958
151,993
1,185,151
485,709
855,347
159,457
904,493
21,690,503
11,384,421
8,021,891
472,480
811,035
130.178
998,630
Earnings— Railroad 43,321,647
Earns.— Other oper.. 2,403,091
—
8,027
5,844
24,861
43,005,213
2,195,950
43,509,139
2,321,274
38,409,225
2,485,209
4,001
def53,347
10,885
5.528
11.665
def6,588
7,114
50.862
Total earnings
45,724,738
Expenses
Maint. of way, etc... 3,553,410
Maint. of equipment.
7,595,751
Conduct'g transition 16,544,365
Traffic department...
912,124
General expenses
1,116,539
Taxes
990,648
45,201,163
45,830,413
40,894.434
3,957,357
6,568,301
16,765,976
882,708
1,104,554
983.813
3,652,914
5,728,761
15,373,4871
993.147
971.771
976.147
1,021,566
Expenses— Railroad 30,712,837
Expenses— Other op. 2,429,372
30,262,709
2,319,129
27,597,508
2,328,250
25,641,692
2,285.407
Total expenses
33,142,208
Ratio of exp. to earns.
(73.48)
Net earnings— Railro'd 12,608,810
Net earnings— All op. 12,582,530
32,581,838
29,925,758
27,927.098
(72.08)
(65.30)
(68.29)
12,742,504
12,619,326
15.911,631
15,004,655
12,767.633
12,967,335
1902-03.
1901-02.
S
12,967,335
Earnings
Freight...
Coal
Passenger.
Mail
Express
Rents
Miscellaneous
6,150
65,288
Z47.067
£370,966
X160.440
Z263.237
X115.504
10,483
77,315
11,911
80,691
3,136
21.343
21,084
145,213
60,560
367.149
9.405
91.357
12.917
48.742
annual
.Sections.
—
Bat. of Net E'ngs.
Previous
Current
Year.
Year.
$
$
3,449
3,335
5,371
to all
reports of, steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the 'Railway and Industrial" and "Street Railway"
EARNINGS AND EXPENSES.
Ry
(Hancock, Mich)... Aug
Jan 1 to Aug 31...
Houston
3,722
7.439
4,166
16,666
etc.
ANNUAL REPORTS.
Annual Reports. — The following
an index
Gross earnings p. mile
Interest Charges and Surplus.
—
1107
2:31.868
18.842
119.044
33,075
277.671
11,171
75.465
12.471
43.559
—
1902-03.
$
1901-02.
$
19,259,229
9,066,059
7,639,501
468.901
777.839
162,248
1,035.447
3,694,216
6,381,280
877,429/14,568,483
INCOME ACCOUNT.
Receipts
1904-05.
$
12,582,530
—
Net earnings
Income from
invest's.
Erie coal companies..
Interest and discount
Total net Income..
1903-04.
$
12,619,325
373,964
2,190,439
114,084
382,687
15,261,017
1,993,911
30,170
15.026,043
$
1
287,072
2,670,290
27.923
._
18,889,940
241,934
1,702,491
T
783
^14, 912. 643
THE CHRONICLE
1168
—
Deductions
Interest on bonds
Rentals leased lines..
P.c. due leased lines..
Interest on car trusts.
Penn. Coal Co. sinking
fund & miscellan..
Add'ns & improve'ts.
Add'ns & imp't fund
1902-03.
%
1903-04.
%
8,593,688
1,053,969
189,204
284,791
264,249
368,580
1,360,555
8,461,375
1,142,974
222,900
339.072
352,339
1,540,320
1904-05.
%
8,891,077
1,153,623
176,893
290,352
808,451
—
betterments
13,930,007
1,096,036
14,510,762
4,379,178
CONDENSED GENERAL BALANCE SHEET JUNE
Cost of road and equipment
Securities in treasury held for construction purposes
Securities held for general purposes
Securi ties to be pledged
N. Y. Sus. & W. common stock...
preferred stock..
Chic. & West Ind. sinking fund
Materials and supplies
Line traffic ass'n & agents' funds..
Securities for insurance fund
Insurance paid not accrued
Penn. coll. trust bonds redeemed..
Cash
Cash in transit from agents, etc
Due from agents and conductors..
Due from U. S. Government
Due from companies & individuals
Due from subsidiary companies
1,000 000
5,809 073
578 926
5,748 900
6,262 400
13 946
2,512 644
27 305
500 ,000
10 .718
1,037 574
7,675 804
1,018 ,022
453 355
122 404
1
,876 ,819
2,679 ,818
6 ,401
Miscellaneous
1,021,000
5,760,563
578,926
5,748,900
6,262,400
13,628
3,910,245
25,408
500,000
71,391
705,943
3,139,694
878,535
544,002
122,643
1,323,332
1,789,450
3,049
8,446,041
7,833,614
1,056,549
2:« ,360
3,000,000
773,806
256.763
3,000,000
135,000
287,663
3,000,000
255.409
11,964,637
2,947,906
not to the earnings of the year, the accounts being closed before the
dividend was declared.
30.
GENERAL BALANCE SHEET JUNE
—
Assets
1905.
$
,
,
,
—
Liabilities
319,655
239,713
120,000,000 120,000,000 120,000,000
60,000,000 60,000,000 60,000,000
Mobile & Ohio stock trust certifs.. 5,670,200
5,632,600
4,932,600
Funded debt
.155,062,600 152,434,100 138,870,321
Outstanding securities of leasehold
estates
31,924,500 31,149,500 31,149,500
Obligations for steel rails
2,176,613
Equipment obligations, So. Ry
7,021,810
14,986,345
7,790,298
Certificates of indebtedness
8,800,000
No. Eastern RR. of Ga. purchase..
107,000
107,000
107,000
Reserve funds
2 ,644,746
1,458,088
1,602,138
Taxes accrued not due
493,141
556 ,864
570,214
Int. and rental accrued, not due
847,617
1,026,452
965,909
Int and rental due and unpaid
2 ,478 ,394
2,299,999
2,389,631
Freight claims
106,743
93,526
102,069
Audited vouchers
2,441,957
2 ,534 ,492
2,392.368
Reserve for dividends
1,500,000
1 ,500 ,000
1,500,000
Unpaid wages
1 ,677 ,893
1,504,585
1,589,473
Due other transportation comp'ies.
892 ,855
722,089
794,372
Materials and supplies in transit
498 ,320
411,670
285,3781
Due individuals and companies
659 ,646
216.667/
Miscellaneous accounts
218,352
118,166
165,505
Profit andloss
5,962,562
7,293,133
6.162,898
Preferred stock
,
.
.400,224,355 390,210,633 385,650,921
V. 81,
—Total p. 1100. 974.
liabilities
411 ,914,961 395,850,120 388,834,817
—
Common stock
&W.RR.
&O.RR
Total
—V.
Chicago
of President Spencer, together
Traffic
Passenger cars
Freight cars
Road
service cars
Tugs, barges, coal
boats, st'm'rs,
1,281
908
41,162
987
1903-04.
1,151
860
36,865
877
1902-03.
1901-02.
937
800
1,026
842
37,283
760
34,684
715
38
103
121
&c.
35
Operations
7,164
7,129
6,743
Aver, miles operated.
7,199
9,676,346
8,611,069
Passengers carried... 10,863,440 10,296,238
Pass, caried 1 mile... 545.795,683 486,309,079 465,903,106 427,841,247
2.329 cts.
2.319 cts.
2.244 cts.
Rate p. pass. p. mile. 2.285 cts.
d Fr'ght (tons) car'd. 20,973,564 20,733,049 19,197,484 16,811,538
—
—
d Fr't (tons),car'dlm.3365362765 3218263980 2954717000 2678308000
0.934 cts.
0.950 cts.
0.931 cts.
Rate p. ton p. mile... 0.944 cts.
train
load
Average
(revenue) tons
194.30
$1,834
Earns, p. fr't tr. m...
Earns, p. pass. tr. m.
$1,013
$6,688
Earns, p. mile of road
Earnings
$
Passenger
12,471,572
31,775.326
Freight
1,828,962
Mail
Express
1,274,319
794,928
Miscellaneous
189.63
SI. 771
$0,973
$6,279
$
11,314,045
30.032,416
1,695,673
1,246,109
821,534
10,804,542
28,081,034
1,688,118
990,576
789,791
9,601,360
24,942,460
1,646,525
776,327
745,576
48,145,108
Total
Expenses
Conduct'g transp'n .. 18,195,504
Way and structures.. 6,458,859
7,456,736
Mai'nt. of equipment..
1,589,615
General
1,381,801
Taxes...
45,109,777
42,354,061
37,712,248
17,338,941
5,706,356
7,262,988
1,407,296
1,399,885
15,759,973
5,733,997
6,916,823
1,391,088
1,187,259
12,940,073
5,767,150
5,652,919
1,275,877
1,210,818
35,082,515
33,115,467
30,989,140
26,846,837
—
193.29
$1,837
$1,031
$5,941
$
195.31
$1,819
$1,042
$5,592
$
Rail
Mild.
•
P.c.ofexp. to earns. (72.87)
13,062.593
Net earningsa Including narrow-gauge cars,
j
i
(73.41)
(73.18)
(71.19)
11,994,310 11,364,921 10,865,411
d Not including company's freight.
|
!
j
!
INCOME ACCOUNT.
I
I
1904-05.
$
Receipts—
13,062,593
Netearnings
1.612,840
Inc. from investments
Miscellaneous
14,675,433
1903-04.
$
11.994,310
1,395,181
1902-03.
$
11,364,921
1,164,011
1901-02.
$
10,865,411
47,250
13,389,491
690,655
133,854
12.576,182
11,689,920
1
Baliast
Stone. Gravd.
Cin.
Slag.
Soil.
567
172
135
78
53
163
555
143
85
59
Maintenance of Equipment. The total expenditures on this account
were $1,460 per mile of road and 21.80 cents per train mile, being an
Fifty box cars, three coal
increase over the previonus year of 8.57 p. c.
cars and seven flat cars were built at the company's shops to replace
vacant numbers. Thirteen locomotives three switch and ten conwere purchased but not delivered until after the close oj
solidation
the fiscal year. Two hundred new fifty-ton steel hopper-bottom coal
cars were purchased under car trusts and added to the equipment.
Readjustment of curve alignment by the introduction
Improvements.
of easement curves has been continued and slight changes have been
made in grade in connection with bridge reconstruction. Sixty-six feet
of temporary trestle carrying four tracks on Chicago track elevation
has been replaced with steel girders on concrete masonry; 20.21 miles
Since June 30 1905
of side, yard and industry tracks have been built.
work has been begun on the construction of 50.66 miles of second main
between Sherman and Bloomington. This will give when comtrack
pleted double main track between Chicago and lies, via the Coal City
branch. Much progress has been made upon the construction of the
line of the company from Springfield to a point near Murrayville on the
Kansas City line, which was commenced shortly after the incorporaThis line will shorten the distance between Chition of the company.
cago and Kansas City by 5.09 miles and the maximum grade will be 0.3
p.c. without any curves except at the junctions with the existing line.
The construction of this line and the double track above referred to
will give a maximum grade between Roodhouse, the terminus of the
Western division, and Chicago of 0.3 p. c. over a distance of 232 miles.
1905...
1904...
|
—
—
following items: Agricultural products, $283,120, or 18.45 p. c; animal
products, $48,185, or 3.63 p. c; coal and other mine products, $213,016,
or 11.65 p. c; machinery, etc., $11,931, or 1.03 p. c; offset in part
by increase in lumber, etc., of $69,302. The revenue per ton per mile
increased from .677 cent to .689 cent; the average haul decreased from
179.70 to 165.76 miles.
Passenger receipts increased $833,618, or 24.87 p. c. The number
of passengers carried one mile increased 40.60 p. c.
The revenue per
passenger per mile decreased 11.28 p. c. The travel into and out of St.
of passengers moved one mile increased 40.60 p. c.
The revenue per
passenger per mile decereased 11.28 p. c. The travel into and out of
St. Louis was exceptionally heavy on account of the Louisiana Purchase
Exposition during the first five months of the fiscal year, and explains
the above results. The average haul per passenger was 73.60 miles,
as against 54.32 miles the previous year, an increase of 35.50 p. c.
Maintenance of Way and Structures. The total expenditures on this
account increased $17,679, or 1.22 p.c. over the previous year; the expense per mile of road was $1,599. Three thousand and fifty-nine tons
of new rail were placed in the main track; 204,372 cross-ties were placed
in the main track.equal to 72.58 miles, or 7.22 p. c.,of the total main track;
1 ,673 lineal feet of bridge flooring was renewed and 69 feet of plate-girder
bridges erected.
The rail and ballast on June 30 1905 and 1904 were as follows:
OPERATIONS. EARNINGS AND EXPENSES.
1904-05.
Alton Railway.
President S. M. Felton says in brief:
Tonnage decreased 8.22 p. c. and decreased revenue on this
account would have amounted to, at last year's rate, $611,145, but on
account of a slight increase in the average rate obtained there was a gain
of $124,195, making the net decrease $486,950, which occurred in the
with the balance
sheet, income account, operations and other tables, are pubThe comparative tables below
lished on pages 1179 to 1186.
compiled for the "Chronicle" show the results of operations
of the company for four years.
—
&
(Report for Fiscal Year Ending June 30 1905.)
(Report for the Fiscal Year Ending June 30 1905.)
The report
.411,914,961 395,850,120 388,834,817
liabilities
81, p. 555. 508.
Southern Railway.
Total
454,756
Total assets
Stock, 1st pref., non-cumulative.. 47 ,892,400 47,892,400 47,892,400
"
16,000,000 16,000,000
2d pref., non-cumulative
16 ,000,000
"
112 378,900 112,378,900 112,378,900
common
Bonded debt, Erie RR. Co
157 ,195,600 149,330,600 145,470,600
"
leasedlines
23 ,960,500 23,960,500 23,960,500
Ch. & E. RR. Co... 12 300,000 12,300,000 12,300,000
566,701
540,785
639,475
Construction obligations
770,850
766,850
762,850
Mortgages on real estate
4,633,229
4,474,464
Equipment trusts (new)
5 ,703,419
357.220
136,320
N. Y. L.E.
.
5~
968,776
825,527
67 115
N.Y. P.
1,654,348
1,669,384
Int. and rentals accrued, not due..
1 ,754,324
260,264
366,964
505,470
Miscellaneous reserve funds
550,336
863,942
1 ,204,780
Penn. Coal Co. sinking fund
1,752,401
1,794,294
1 ,811,064
Interest due and unpaid
161,195
169,950
181,335
Rentals due and unpaid
957,848
957,848
Dividends
1 ,597,848
522,097
1,569,404
327,844
Fund for improvements
1,750,399
1,430,093
1 ,617,968
Pay rolls
1,451,232
1 ,539,340
2,267,771
Audited vouchers
506,694
550,650
672,882
Due connecting lines
48,526
11,897
12,649
Miscellaneous
9,645,143
11 .490.591
11,043,352
Profit and loss
Total
1903.
%
400 ,224,355 390,210,633 385,650,921
Total assets
a Equipment
Locomotives
30.
1904.
$
Cost of road
303,242,451 299,811,016 295,322,490
Cost of equipment
36,319 ,290 27,078,965 24,840,049
Securities pledged or held for control
52,965,217 52,515,341
54,339,339
Securities owned..
4,524,208
4,624,815
3,448.862
Materials and supplies
3 ,022 ,076
2,817,938
2,671,849
New steel rail
1,402,953
Bills receivable deferred
664 1 80
304,723
434,978
Insurance paid, not accrued
964
9,046
5.235
Insurance fund
358,856
275,000
288,063
Sinking funds
68,753
66,178
67,223
Cash on hand
3,484,133
3,326,614
2,994,818
Cash in transit
1,031,384
900,591
937,705
Due from agents, etc..
1 ,077 ,613
1,061,289
988,893
Due from U. S P. O. Dept
452,619
423,335
419,103
Due from other tranportation cos . . 1 ,362 ,329
1,044,114
776,222
Due from individuals and cos
584,126
542,017
542 ,588
Bills receivable current
44,777
186,570
183,108
Advances to subsidiary companies.
854,274
528,230
349,258
2,558,000
4,493,784
578,926
5.748,900
6,262,400
13.033
2,724,080
53,968
500,000
35,745
378,789
7,181,138
1,124,505
805,584
119,348
1,252,157
1,271,554
1,005
Sundry accounts
Liabilities
23,000,000
13,580.351
12,982,898 11,868,704
11,089.023
1,095,082
406,594
707,478
600,897
xThe October 1902 dividend (2'A p. c), though deducted here from
the year's earnings, was really charged to the profit and loss account,
1904.
1903.
1905
$
$
$
362,890,244 357,811.524 350,548,003
—
8,952,329
Total
Balance, surpius
(4)640,000
14,770,673
490,344
1901-02.
$
and
Miscellaneous
5 p. c. div. on pref...
-
Total
Surplus
1902-03.
$
9,290,433
Improvements
255,023
249,501
1903-04.
$
and
rentals
215,697
298,590
lxxxl
1904-05.
%
Deduct
Fixed charges
1,569,404
(4)1,915,696(4)1,915,696(334)1676234 (3)1,436.772
Div. on 1st pref
Div. on 2nd pref
A suets
1901-02.
%
8,396.891
1,112.163
[Vol.
80-lb.
lb-lb.
70-lb.
692
656
60
57
196
235
60-lb.
57
57
—
Total.
1.005
1.005
—
—
—
—
a
THE CHRONICLE.
Oct. 14 1905.1
—The
earnings and expenses, the income account, various statistics, and a comparison of the balance
sheets of June 30 follow:
Statistics.
OPERATIONS AND FISCAL RESULTS.
1904-05.
1903-04.
Average miles opera'd
915
$12,S90
6,090,663
6,121,333
IM
1901-02.
915
915
Operations, ifc.
Receipts perm, of r'd
Tons rev. freight car'd
1902-03.
920
$11,002
5,877,995
$10,032
4,922,391
1102792462
$12,
902745440
315.98
6,127,505
2,578,468
241,251
198,308
80,207
9,225,739
rev. frt. car. 1 m. 1009561642 10999732S1
$2.16
$2.29
$2.14
$2.39
Frt. receipts per tr.m.
0.679 its.
0.599 cts.
0.677 cts.
Frt rec'ts p. ton p. in. 0.6S9 cts.
2,879.374
2,495,005
3,227,611
Rev. pass, carried... 3,286,969
Rev. pass, carried lm. 241, 929.399 172,074,594 146,853,521 138,591,857
1.95 cts.
1.98 cts.
1.86 cts.
1.73 cts.
Receipts per pass p.m.
$1.19
$1.36
$1.10
$1.48
Receipts per pass. tr.m
Tons
incl.
&
mail
express
6,958,927
4,185,561
261,111
260,653
131,062
7,445,877
3,351,943
259,899
253,920
114,214
356.02
$
6,610,637
2,908,583
241,112
218,039
92,721
11,797,313
Gross
Expenses
1,463,689
Maiut.of wav, 4c
1,336,211
Maint. of equipment.
Conduct'g transp'tion 4,469,846
332,917
General expenses
11,425,853
10,071,092
Total oper. e.xp
P.C. of op. ex. to earns.
7,602,663
7,524,600
Net earnings
4,194,650
346.78
Freight
Passenger"
Mall
Express"
Miscellaneous
.
336.08
$
Av. rev. tr.-load, tons
Receipts—
$
—
(64.44)
1,446,010
1,230,762
4,559,731
288,097
(65.86)
3,901,253
$
1,213,365
1,190,832.
3.983,068
237,931
959,331
1,042,078
3,797,475
225,034
6,625,196
6,023,918
(65.79)
(65.29)
3,445,896
AR ENDING JUNE
3,201.821
30.
1904-05.
$
4,194,651
1,525,622
3,445,896
1,525,622
1901-02.
$
3,201,821
1.525,622
268,517
Net earnings
Div'ds on stock owned
Int. on bonds owned
and miscel. income.
1903-04.
$
3,901,253
1,525,622
240,651
244,449
2,517
1902-03.
$
11 (>9
RESULTS OF RAILWAY SYSTEM PROl'ER.
1904-05.
5,723
Av. inilfs operated
Equipment
Locomotives
Passenger equipment.
—
707
559
32,870
—
of C.&A.RR., viz.:
Int. on 3 p.c.ref.bds 1,258,125
5,215,967
1,200,000
1,200,000
959.790
241,024
327,000
241,024
340,000
245,021
345,000
237,027
345,000
1,780,206
770,000
200,000
770,000
168,820
1,544,462
7,105
770,000
97,004
1,589,643
3,158
770,000
41,913
41,913
4S.435
7,565
163,895
29,728
123,943
2,663
4,761,858
905,668
781,760
4,364,926
851,041
781,760
C.«fe
of leased
property
Miscellaneous
Int. on bonds of Rv. Co.
Int. on coll. tr. notes.
Disc, on 4 p. c. coll.
trust notes sold
Interest on loans, etc.
Miscel. taxes, etc
22,720
Flood damage 1903..
543
32,375
637
544
30,068
608
486
7,747,300
29,944,300
2,365,752
7.575.630
30,915,234
2,294,783
6,662,173
27,409,017
1,961,065
40,057,352
40,785,647
36,032,255
5,083,264
3,138,693
10,740,242
1,632,163
1.417,980
5,273,100
3,109,469
10,161.885
1.532,375
1,474,126
4,702,479
2,726,283
8,915,425
1,444,977
1,239,694
22,958,850
22,012,342
21,550,955
19.028.858
(52.75)
(54.95)
(52.84)
(52.81)
20,567.238
18,045,010
19,234,692
17,003,397
.
Surplus
4%
divs.
on
pf. stk..
Surplus
5,055,622
933, 16S
781,760
Assets
Road, equipment, etc
Cash
Bonds owned.
Station agents and conductors
Individuals and companies
United States Government
Materials and supplies..
Advances to Ch. & Al. Ry
3,904,617
825,342
781,760
1905.
$
66,794,631
1,213,838
30.
1904.
S
1903.
$
178,140
66,759,317
703,246
800,000
300,065
218,818
76,051
536,600
1,300,182
266,924
65,230,517
972,846
2,328,800
476,442
701,189
76,312
335.009
616,672
231.850
70,329,562
70,961,204
70,969,637
19,542,800
Preferred stock
19,544,000
per cent bonds
22,000,000
3
collateral trust notes
4 p. c.
5,000,000
Pay-rolls and accounts
926,291
Coupons due July
485,000
Chicago 4 Alton Ry. Co
334,093
Renewal and repair funds
245,749
Materials and supplies under lease.
606,599
Dividends payable July 1
390,880
Interest and dividends not due
284,721
19,542,800
19,544,000
22,000,000
5,000,000
1,187,421
485,000
19,542.800
19,544,000
22,000,000
3,635,000
1,307,895
457,700
31,180
606,599
390,880
267,096
117,682
6,993
844,754
1,140,000
62,630
10,250
693,346
8,648
606,599
391,875
267,096
2,510,000
114,545
14,037
569.438
70,329,562
70,961,204
70.969.637
Miscellaneous
assets...
»• Liabilities
—
800,000
314,510
232,039
67,613
728,791
Commonstock
H
bills
payable
Traffic balances
Miscellaneous
Income accounts, surplus...
Total
liabilities
— V.81. p.
1099, 899.
Great Northern Railway.
{Report for the Fiscal Year ending
The annual
June 30 1905.)
report of Mr. J. J. Hill, President, will be given
in full in next week's "Chronicle," including the revenue and
income accounts, the general balance sheet, etc., etc.
The earnings and expenses of the Great Northern Railway,
compiled in the usual complete form, are shown below.
The first table includes the operations of the railway system; the second table gives the income account of the Great
Northern Company, and the third table shows the results for
the_entire system, treating all as if one corporation.
»
•
•
•
•
—
—
Passenger
8,000,467
Freight . _
33,013,722
Mail, exp., rents, etc.
2,511,899
Total gross earnings 43,526,088
Expenses
Maint. of way, etc...
5,571,189
Maint. of equipment.
3,749,131
Transportation
10,463,218
General
1,658,389
Paxes
1,516,923
—
Total expenses
P.c. op. exp. to earns.
Net earnings.
a Company's freight excluded.
INCOME ACCOUNT OF GREAT NORTHERN RAILWAY COMPANY
1903-04.
$
by Gt.Nor.Ry.Co. 18,816,731
392,227
on bonds owned.
Div. on stocks owned.
973,325
Profit
on Treasury
Int.
1902-03.
1901-02.
$
16,679,973
395,896
751,340
1904-05.
$
—
Receipts
Net earns, of the lines
leased and operated
17,961,874
396,871
850,267
13,268,998
74,034
114,385
1,491
363,177
176,485
2,059
securities sold
380,635
1,419,960
Bills receivable
119,851
4,013
119,751
1,492
Rental of equip., gen.
int. and misc. items
891,143
354,296
402,424
474,142
Total
21,197,290
Disbursements
Net rent St. P. M. &
M. Ry., East Ry. of
Minn, and "other
rentals"
4,001,555
7 p. c. on Gt. Nor .stock 8,693,859
Interest on £ loan
364,500
18,302,748
19,801,346
16,085,456
3,973,603
8,683,925
212,625
3,992,737
8,673,973
3,742,545
8,225,920
for improvements
and renewals
3,000,000
2,000,000
3,000,000
2,000,000
14,870,153
3,432,595
15,666,710
4,134,636
13,968,465
2,116,981
—
Fund
1903-04.
1902-03.
1901-02.
$
way system proper. 43,526,088
Gross earns, of other
proprietary cos
1,505,997
40,057,352
40,785,647
36,032,256
1,357,452
1,352,043
2,826,257
Tot. earns, of sys. 45,032,085
Oper. expen. & taxes. 23,863,228
41,414,804
22,895,950
42,137,690
22,409,171
38,858,513
20,874,317
Net earns, of sys. 21,168,857
Miscell'n'ous income.
1,534,911
18,518,854
973,680
19,728,519
1,320,871
17,984,196
2,031,750
Tot. net of system. 22,703,768
Deduct
Fixed charges,
and
divs. on East. Ry.
of Minn, stock and
St. P. M.&M.stk.o
4,930,355
Div. on Gt. Nor. stk.. 8,693,860
Interest on£ loan
364,500
Fund for improve'ts,.
renewals & tunnels.
3,000,000
19,492,534
21,049,390
20,015.946
4,902,403
8,683,925
212,625
4,921,537
8,673,973
5,133,581
8,225,921
2,000,000
3,000,000
2,000,000
16,988,715
5.715,053
15,798,953
3,693,581
16,595,509
4,453,881
15,359,502
4.656,443
Gross
earns,
of
rail-
151,408
GENERAL BALANCE SHEET JUNE
Loans and
.
ENTIRE GREAT NORTHERN RAILWAY SYSTEM.
123,908
69,281
43,582
x Under its lease of the Railroad, the Railway Company operates the
line and as rental paid in 1904-05 the interest, taxes and rentals, and
also this balance of the road's net earnings, $2,194,840.
From this last
was paid 7 per cent ($1,563,644) by the Railroad on its stock. This
owned by the Railway Company, which therefore treats
stock is nearly all
the dividends received thereon ($1,525,622) as "other income," as shown.
ETotal
.
•
1904-05.
Total charges
1901-02.
5,249
5,490
Total disbursements 16,059,914
Balance, surplus
5,137,376
4,729,960
x2, 194,840
Rentals pav.by
A. RR
Taxes
Net earn,
5,667,526
|70S
1902-03.
Freight A- work equip.
26.545
Operations
4.423.551
4,193,239
carried (No.)...
4,711.234
3.493,245
Pass,
l'a>s. carried 1 mile. .335,524,414 325.743.218 323,404,529 286,320,423
2.378 cts.
2.342 cts.
Av. rate p. pass. p. m. 2.384 cts.
2.327 cts.
14,245.129
13,237.363
Freight (tons) carried. 17,535,789
16,148,678
Freight carried 1 mile 4170160068 3351802089 3606835176 3190217482
Av. rate p. ton p. m..o 0.792 cts.
0.893 cts.
0.857 cts.
0.859 cts.
418
Av. train load (tons).
522
447
447
$1.4767
$1.6165
$1.5197
$1.5081
Barns, p. pass.-tr. m.
$4.20
83.89
$3.64
$4.06
Earns, p. fit. tr. mile.
Gross earns, p. mile..
$7,605
$7,124
$7,429
$6,864
Earnings
$
$
$
$
Hental leased lines
Total income
5,988,790
Deduct
Rentals paid underlease
1903-04.
5,623
—
Surplus
o After deducting the dividends received by Gt. Nor. on the St. P. M.
and since 1901-02 on the Eastern Ry. of Minn, stock owned by
it.— V. 81, p. 1100. 899.
& Man.
Colorado
&
Southern Railway.
(Report for Fiscal Year Ending June 30 1905.)
President Frank Tuttle under date of Sept. 20 1905 quotes
at length the circular of May 12 1905 regarding the new
$100,000,000 mortgage and the proposed extension to tidewater(see V. 80, p. 1971).
Regarding the year's results, he
says in substance:
General Results. The gross earnings show an increase of $526,056,
or 9.23%, and the net earnings an increase of $232,274, or 15.95 p.c.
Moth gross and net earnings for the year were the largest in the history
of your company.
The surplus over operating expenses and fixed charges
for the year was $610,316
an increase of $172,474, or 39.39 p. c.
The increase in gross earnings above mentioned is accounted for as
—
—
follows: In freight traffic. $584,834; decrease in other earnings. $58,777;
increase in total earnings, $526,056.
Fiscal
Tonnage. Products of
Total.
year
Agric. Animals
Forests. Mfg. .etc.
Mines.
1904-05
466,020 117,859 3,070.296 115,141 539,247 4,808,668
1903-04
429.591
92,238 2.304.918 135.270 464,939 3,4L'6.956
—
Maintenance.
— The statistics of maintenance show: gear.
This
Last gear
39
Track miles new rails laid (75 lbs. to yard)
14
»2
Track miles new rails laid (85 lbs. to yard.
243.920
290,676
Number cross-ties laid, standard-gauge lines
152.H52
..166 .097
Number cross-ties laid narrrow-gaugu lines.
$H(>4
$!it»H
Maintenance of way per mile of road owned
$2,204
Maintenance of locomotives per locomotives on ned. _ . $2,028
$55
$53
Maintenance of freight ears per freight ear owned
$497
r owned
Maintenance of passenger ears per pa
cars pel
It Is expected that during the coining year the necessities for rail renewals will be somewhat less, considerable bridge and other work
was also done during the year, and the total maintenance of way expense
•">
,
[
,
THE CHRONICLE.
1170
per mile of road amounted to $998 47 as compared witli $864 34 last year.
Eight standard-gauge passenger coaches were purRolling Slock.
chased for 864,000 and paid for with equipment trust notes under the
collateral trust equ pment agreement of June 1 1004.
New Bonds. None of the transactions resulting from the sale of
the 817,000,000 new bonds were concluded during the lived year, but in
the next annual report an account will be rendered of transactions which
However, at the date ol this report
shall have then been consummated.
your company has no floating debt whatever, and has cash in various
funds amounting to $1,941,339.
—
—
OPERATIONS AND FISCAL RESULTS.
Operations —
982,674
pass, carried...
Rev.
Rev. pass.car'd 1 m.. 42,900,356
Rate per pass, per m. 2.653 cts.
Revenue freight (tons) 4,308,563
iipv freight* tons) 1 m458, 286, 211
Rate Der ton per mile.
Av
rev tr -load (tons)
Earns p.pass.train m.
Earns P frt.tr. mile.
Gross earns, per mile.
tnJ/S ~~
—
1.053 cts.
245.69
$1.01
$2.59
$5,573
1901-02.
1,133
1902-03.
1,121
1903-04.
1,120
1904-05.
1,118
Average miles oper
932,769
832,385
973,511
44,590,918 40,771,056 38,228,823
2.657 cts.
2.647 cts.
2.656 cts.
4,401,751
3,669,861
3,426,956
358,782,790 449,511,165 360,607,908
1.204 cts.
1.066 cts.
1.182 cts.
214.56
188.17
224.91
$1.16
$1.21
81.01
$2.29
$2.26
$2.66
$4,926
$5,478
$5,090
4,824,427
1,138,161
266,156
4,239,594
1,184,130
278,963
4,790,420
1,083,390
269,179
Tota l
Expenses
Maint. of wav, etc. Maint. of equipment.
Conduct'g transp'tion
General.
Taxes
6,228,744
5,702,687
6,142,989
5,580,327
1.116,027
943,215
2,259,456
221.520
247,527
968,458
924,988
2,151,180
201 ,809
246,237
994,909
913,979
2,573,364
192,238
233,630
951,554
736,591
2,186,966
169,134
216,180
-
4 7 8 7 .™>
_ fi
4,492,672
4.908,111
4,260,425
(7b .8b)
(78.78)
1,440,999
41,184
1,210,015
39,784
(79.89)
1,234,878
58,875
1,319,902
59,460
1,482,183
871,868
1,249,799
1,293,753
772,568
24,232
( 4)340,000
1,379,362
746,872
5,730
( 3)255,000
construct a railway from a junction with
and for the interchange of traffic between
from Jan. 1 1905.
(6) Authorizing a 99-year lease of the
Nanaimo Railway Co. at a rental equal
--
p^'eneer
Express, majl&miscel.
—
-
Total
c. exp. to earns
Net earnings
Investments, &c
P
Tota
i
Deductinterest"
.
,
811,958
Miscellaneous
Div on
1st pref. stock
(
4)340,000
(76.34)
1,151,958
1,136,800
1,007,603
871,868
.
Tnfal
156,953
371,759
610.315
97,841
Surplus 111"""--Note — Total profit and loss surplus June 30 1904 was $500,000; surplus for vear ending June 30 1905, as above, $610,315; making a total
written off on account of discount on
of 81 110 315, from which was
r»nrt ease bonds sold, uncollectible accounts, etc., $59,503, leaving a
profit and loss surplus on June 30 1905 of $1,050,811.
BALANCE SHEET JUNE
1905.
Liabilities
S
Rold fequipm-nt63.461.914 63,462,164
904,469
h9™-&$
equipment.. 3,59.3,UJ/
Improvements
New
Cash
Individuals & cos
Agents & conduct.
U.S. Government
State &Co.warr'ts
Advance insurance
Materials* suppl's
Bills receivable
D.U.D.&Ry. stk.
P.U.D.&RR.stk.
do do sink'g fund
Istm. bonds in tr.
Other securities.
Miscellaneous
Total
—V.
30.
1904.
§g?'5ii
425,488
154,418
21.729
9.224
11,445
528,063
306,841
80,000
8.120
12.000
300,000
1,935.835
301
3,578,774
420,583
237.738
76,619
19,528
6,770
9.619
463,215
239.817
80,000
8,120
11,200
1.066",26i
6.988
..72.392.099 70,591.846
668.
81, "p. 1099
Stock,
do
do
—
1905,
$
Reading Company.
READING COMPANY BALANCE SHEET JUNE
22,594,610
2,586,609
9,303,222
17,417,860
20,000,000
20,059,794
P. & R. Ry. stock owned
20,000,000
P. &R. C. & I. stock owned
8,000,000
Stocks of sundry companies
52,355,793
Phila. & Read. Coal & Iron Co
79,135,761
Sundry railroads, etc
1,891,210
P. & R. Ry., acct. new Read, shops
1,200,000
Cash
2,097,001
Accrued income
342,958
Miscellaneous
921,863
20,000,000
18,959,318
20,000,000
8,000,000
51,269,488
79,123,888
1,719,577
1,200,000
2,006,243
342,716
1,345,875
Real estate
P. &. R. Ry. purchase money mort.
Phila.
& Ry.
Bonds
of
bonds owned
sundry companies
Total
—
30.
1903.
$
19,792.119
2,107,650
9,424,265
17,351.936
400.000
20.000,000
18,745,318
20,000,000
8,000,000
51.269,338
79,116,721
1,009.985
1,200,000
592,089
320,623
731,729
257,906,682 255,822,577 250,061,774
Liabilities
Stock (see "Ry.
& Ind" Section). ..140,000,000 140,000,000 140,000,000
Bonds (see"Ry& Ind" Section). ..105, 115,672 105,497,040 103,304,041
Contingent account
Accrued interest and taxes
General mort. bonds canceled
Current business
_
Miscellaneous
Profit and loss, surplus
Total
liabilities
1,410,169
2,067,611
2,464,000
219,548
322,525
6,307,157
1,427,374
2,137,062
2,016,000
179,624
440,175
4,125,300
1,050,663
922,982
1,520,000
929,865
71,063
2,263,160
257,906,682 255,822,577 250,061,774
PHILA. & READ. RY. BALANCE SHEET JUNE
1st pref... 8.500,000
Canadian Pacific Railway.
Annual Meeting Held on Oct. 4 1905.)
annual meeting held at Montreal on Oct. 4 1905
At the
President Sir Thomas G. Shaughnessy said:
1905.
8
Railroad equipment
Floating equipment
Equipment accounts
$
..72.392,099 70,591,846
—
1904.
$
21,805,738
2,289,107
10,426,394
17,334,233
Assets
common. .31,000,000 31,000.000
Total..
the said railway to Spokane,
the said railways for 50 years
(Balance Sheets of June 30 1905.)
The remarks of President George F. Baer, together with
various tables showing the company's earnings, etc.. were
in the "Chronicle" of Sept. 23.
Below are the balance sheets of June 30 1905, 1904 and
1903:
1904.
8,500,000
2d pref... 8,500,000 8.500,000
First mtge. bonds. 19, 403,000 19,103,000
Other obligations.
807.142
Car and locomotive
trust notes
1,514,474
1,728,238
Vouchers...
416,312
326,834
Pay-rolls
225,868
313,292
Foreign roads
114,773
44,772
Coupons
14.650
11,080
Accrued taxes
218,934
123,341
Accr'd int., not due 330,208
321,579
Equipment renewal fund
71.214
26,067
Bills payable
281,773
Rails released
4,843
3.843
Miscellaneous
16.268
11,629
Profit and loss... 1,050,812
500,000
Vol. lxxsi.
railwavs of the Esquimau &
to the interest at 4 p. c. per
annum on bonds guaranteed by this company, to be from time to time
issued, not to exceed $30,000 per mile, on said raihvav and extensions
thereof.
The net proceeds of all sales from the land giant of said company shall be applied towards the redemption of the bonds at paruntil
the total amount outstanding shall be reduced to 814,000 per mile.
(7) Approving the acquisition of the property of the St. John Bridge
& Kailway Extension Co. referred to in the annual report (V. 81, p. 902.)
(8) Authorizing the expenditure of capital for additional locomotives, passenger and freight cars to an amount not to exceed in the
aggregate $7,500,000.— V. 81, p. 1099. 902.
4,339,938
1,011,975
228,414
Frfieht
[
1905.
Railroad
Philadelphia terminal
Philadelphia subway
80,255,894
8,500,000
2,593,500
Leased equipment
76,087
New shops, Reading
1,796,336
Reading Co. pur. money mtg. bonds 1,200,000
Cash
6,865,029
Freight and toll bills
1,999,630
Materials on hand
2,206,711
Railroad companies.
2,232,915
Individuals and firms
560,519
Phila. & Reading Coal & Iron Co...
1,414,266
Insurance accounts
1,015,798
Bills receivable.
229,117
Sub. loan securities, etc., miscel
772,376
1904.
80,255,894
8,500,000
2,741,000
322,840
1,796,336
1,200,000
3,817,961
1,453,051
2,515,352
1,815,315
458,039
1,035,006
1,012,507
281
853,564
30.
1903.
79,851,858
8,500,000
2,741,000
346,640
1,600,000
1,200,000
2,276,147
1,940,251
2,468,650
1,787,707
490,595
1,120,953
903,756
700,890
464,645
•
Total assets
(Proceedings at 24th
Your gross revenue from traffic during the fiscal year 1904-05 was
over $50 000,000, and even this large sum should be exceeded by a
The business conditions
considerable amount in the current year.
throughout Canada are at the moment more favorable than at any
other time in the history of the company, and there would appear to
be no reason for apprehending a change in the near future. While in all
the agricultural territory served by your lines the crops have been excellent .those of Manitoba and the two new provinces were most striking,
ensuring a handsome return to the farmers, continued activity in every
branch of trade and manufacture, and a large traffic to your lines.
As a result of the expenditure made during the past three or four years
for the elimination of curvature, reduction of gradients and general
improvements, I think that it may now be fairly claimed that in physical
condition and capacity for the movement of traffic your railway between
Montreal and the Pacific Coast is at least in the front rank of transconWith an eye to the future it will be necessary to provide
tinental lines.
additional cars and locomotives, and for this purpose a resolution will
be submitted authorizing the directors to make further capital expenditure to an amount not exceeding $7,500,000.
The following
resolutions were then unanimously adopted:
Authorizing the construction of the Wolseley-Reston branch
from Wolseley, in the Province of Saskatchewan, to Reston, on the
Souris branch, about 122 miles, and for the purpose of aiding the construction and the equipment thereof to issue 4 p. c. consolidated
debenture stock of the company to an amount not exceeding £3,000
Ed.) per mile.
(not $30,000
(2) That the railway of the Nicola Kamloops & Samilkameen Coal &
Railway Co., now partly constructed from Spence's Bridge in British
Columbia to Nicola Lake, about 45 miles, and all extensions and
branches, and their appurtenances, be taken over under a 999-year
lease at 'an annual rental equal to the interest, not exceeding 4 p. c.
ner annum on the bonds to be issued thereon at not exceeding $30,000
per mile, "the payment of such interest being guaranteed by this com(1)
—
7"
111,718,178 107,777,147 106,393,093
ifih'il'ifip^
Stock
..20,000,000 20,000,000 20,000,000
Bonds (see "Ry. & Ind." Section).. 70,277,452 70,424,952 70,424,952
Bond and mortgages on real estate.
257,069
625,106
1,027,406
Unpaid vouchers and pay-rolls
2,707,302
2,386,516
2,887,809
Railroad cos., individs. and firms..
1,634,640
1,210,033
1,400,514
Interest and rents matured
388,594383,460
383,265
Interest, taxes and rents accrued
1,515,097
1,462,832
1,513,678
Wilmington & Nor. equipment
320,040
322,840
346,640
Reading Co., new shops
1,200,000
1,200,000
1,200,000
Insurance fund, equipment fund,
subway sink, fund and miscel
3,030,451
2,733,040
2,096,726
Surplus
Total
10,387,533
liabilities
7,028,368
5,112,103
...111,718,178 107,777,147 106,393,093
PHILA. & READ. COAL & IRON CO. BALANCE SHEET JUNE
1905.
$
A sscts
Coal lands
Timber lands...
New York and Eastern depots
Western yards and depots.
Miners' and other houses
Pottsville shops, real estate, etc
Storage yards and washeries
"Other real estate"
57,815,326
659,965
707,002
489,421
548,037
369,667
749,336
163,713
Improvements at collieries
...7,078,690
2,302,468
Equipment at collieries
Deadwork at collieries
...3,711,477
Stocks and bonds of cos. controlled.. 9,672,137
657,833
Cash on hand
Loans and bills receivable...
Coal accounts
Rent accounts
Companies and individuals
Coal on hand
Supplies and materials on hand
3,393,343
37,391
474,287
2,205,357
787,934
944,976
839,965
Depletion of coal lands fund
Pa
consolidated debenture stock »Stocks, bonds and morts. owned
(3) Authorizing the issue of £800,000
(bearing not exceeding 4 p. c. interest) to defray the cost of two twin93,608,326
Total assets
screw steel steamships to be named the Empress of Britain and the
Liabilities
EmDress of Ireland, each steamship to have a gross tonnage of about
8,000,000
14 500 tons a length of 550 feet between perpendiculars and 570 feet Capital stock..
over all- beam 65 feet 6 inches, and to be furnished with quadruple ex- Bonds (see "Ry. & Ind." Section)... 1,320,000
79,135,761
Reading Company
pansion' engines of the most modern type.
agreement with the British Co- Pay-rolls and vouchers
1,154,953
(4) The resolution relating to the
1,477,778
lumbia Electric Railway Company for the operation by that company P. & R. Ry. current account
1,129,168
Interest, taxes and miscellaneous
of the Vancouver & Lulu Island Railway (see V. 81, p. 902)
1,390,666
Surplus
(5) Ratifying the agreement of July 3 1905 with the Spokane Intercompany will construct a
national Ry. Co., which provides that this
the International Boundary,
Total liabilities
93,608,326
railway from Yahk Station to a point on
V. 81, p. 978. 770.
a distance of about 12 miles; that the Spokane International Ry. Co. will
—
•
—
1904.
$
58,302,736
30.
1903.
S
60,014,896
659.965
707,002
618,012
548,038
369,667
389,124
121,288
7,078,690
2,302,468
3,711,477
9,746,073
961.945
1,000,000
2,829,194
39,477
423.296
659,965
707,002
379,072
548,038
369,667
389.124
161,863
7,078,690
2,302,468
3,711,477
9,704,326
522,395
500,627
3,380,152
40,795
469,279
1,779,979
696,694
400,000
989,822
1,014,943
676,186
2,030,757
2,033,556
93,094,170
97,276.054
8.000,000
1,350,000
79,123,888
1,128,453
1,136,855
1,132,186
1,222,788
8,000,000
5,186,000
79,116,721
1,182,307
1,118.133
1,250,532
1,422,361
93,094,170
97,276,054
—
1
THE CHRONICLE.
Oct. 14 1905.1
Kanawha & Michigan Railway.
&
Ship Island Railroad.
Ending June 30 1905.
Jones says in pari under date *>f Aug. 10:
Gulf
(Report for Fiscal Year Ending
(Re[wrt for Fiscal Year
Presidenl T. J.
roJ Results.
— The
show an Increase over the
gross earnings
1171
Statistics.
pre-
vious year, notwithstanding prolonged Interruptions of traffic by almost
Lumber, during
unprecedented rams In January, February and April.
the last si\ months of the year, reached a higher price than ever before
in this state, and except for Insufficient labor to meet the requirements
of the mills, we believe the output would have been 10 or 15 p. e. more
than it v.
The cotton crop was considered short, yet we handled 68,917 bales,
With the Silver Creek
as againsl 51,308 bales for the year previous.
branch completed into Columbia and a normal crop of cotton, we can
nably expect to handle 75,000 bales during the coining year. Our
business has steadily increased.
The railing off in the demand for lumber in the interior during the
first six months of the year and the severe storms previously referred
The expendto seriously affected the economical handling of freight.
itures for maintenance of way anil structures increased 25. OS p. c,
the cost per mile charged to operating expenses being $1,262, as against
$1,064 in the previous year. A large part of the increase of $36,636
in repairs to the roadway may be attributed to the severe storms of
iger'
January, February and April.
The Guifport & Mississippi Coast Traction Co.,
Electric Feeder.
which is building an electric railroad from Guifport to Biloxi, a town
of $,000 people, and from Guifport to Pass Christian, in all 25 to 30
miles, will prove a valuable feeder to our road, and it is believed will
within five years increase the population in this coast territory two or
—
three fold.
To meet the demands of the increased freight busiAdditions, Etc.
The
ness the company has bought four 70-ton ten-wheel locomotives.
substitution of 75-lb. rails for lighter rails from Guifport to Jackson
A great deal of work has been done in tilling
completed Jan. 1
expect to continue this work
trestles on the Columbia branch.
entire road; we intend also to supply the remainder of the road
on the
with dustless gravel.
The following shows the number of vessels handled
Guifport Harbor.
for the past four years:
r
No. vessels. Reg. tonnage. Lumber (ft.) Value.est.
21
10,567
13,044.237 $156,000
1901-02
—
June 30 1905.)
— Following are comparative tables for four years:
EARNINGS, EXPENSES AND CHARGES.
1904-05.
$
—
Earnings
Passenger
Freight
Mall and express
Miscellaneous
281,497
1,362,008
26,983
94,736
Total gross
1903-04.
$
269,063
1,224,987
_'.">, 172
Maint. of
1901-02.
$
176,526
1902-03.
$
-
230,198
888,729
22,009
8,495
1,764,174
way &
138,454
22.360
93,448
1,657,666
1,285,171
1,096.359
351,564
462,386
29.099
63,016
317,431
394,503
611,089
28,224
58,002
275,288
265,203
545.574
23.819
43,268
233.421
144,322
450.160
24.301
34,154
1,520,784
243,389
8,958
1,409,249
248,417
7,982
1,153,151
132,019
7,112
886.358
210,001
7,148
252,347
256.399
139.131
217.149
98,760
148,031
1,250
98.760
99,724
98,760
42,034
198,484
140,794
76,355
struc
Maintenance or equip.
Conducting transpor.
General expenses
Taxes
Total
Net
Miscellaneous income.
624,71!)
Total income
—
Deduct
Interest on fun'd debt.
Other int. (incl.equip.)
98,760
140,414
Miscellaneous
•
939,164!
-
We
—
56
1902-03
55,409
47,232.765
846,000
1903-04
198
243,845
193,275.500 2,645,000
1904-05
-.273
279,337
225,990,750 3,359,000
Mendenhall Silver Creek A Columbia Branch. This branch road has
We
been completed to Silver Creek, 28.77 miles from Mendenhall
hope to have the road completed to Columbia this year. When completed it will add about 5S miles of track to the system.
—
—
Capital Stock.
In order to pay for additions and other improvements
not provided for in the bond issue, the capital stock was increased by
5.000 shares, and the proceeds, amounting to $500,000, were used in
paving off the floating obligations.
Funded Debt.— The funded debt was increased from $4,835,000 to
This completed the
$5,000,000, to cover additions and betterments.
issuance under the "first refunding and terminal mortgage."
Cost of Road and Equipment.
This item in the balance sheet was
increased druing the year $1,462,626, viz.: Roadway improvements,
Silver Creek branch, $750,800; Guifport Harbor, $174,385;
$266,455:
additional equipment, $278,840; total, $1,470,480; less property disposed of. $7,854; total as above, $1,462,626.
Hails, steel. 75-pound, 120.14 miles; 65-pound, 40.36 miles; 56 and
60-pound. 119.27 miles; total length of main line and branches June 30
1905. 279.77 miles.
Statistics
Operations.
of
have been as follows
— Operations,
earnings, charges,
:
OPERATIONS AND FISCAL RESULTS.
1904-05.
275
Aver, miles operated.
Operations
Passengers carried
475,651
Pass, carried 1 mile.. 13,434.222
Rate per pass. p. mile. 2.757 cts.
—
Tons fr't moved
1,17.5,859
Tons fr't mov'd 1 ma. 81,899.448
Rate p. ton p. mile a. 1.700 cts.
Av. tr. Id., rev. (tons)
225
Earns, p. pass. tr. m.
Earns, p. fr't tr. mile.
Gross earns, per mile
a Not including
1903-04.
261
1902-03.
1901-02.
251
251
490,106
12,315.883
2.898 cts.
1,159,227
80,758,993
1,743 cts.
420,547
11,186,251
2.849 cts.
1,058,033
70,880,918
1.889 cts.
242
13.83
$6,825
company's
207
10.87
$4.23
$7,011
$1.10
$1.01
$3.91
$6,793
383,751
9,837,143
2.575 cts.
903,918
57,313,811
1.905 cts.
164
$0.84
$3.13
$5,477
freight.
EARNINGS. EXPENSES. CHARGES. ETC.
1904-05.
1902-03.
S
$
370,473
1,391,984
114,940
Total
356,941
1,407,777
65,098
1,338,861
42,182
1901-02.
$
257.921
1,091,598
25,165
1,877,397
1,829,815
1.705,047
1,374,684
670.597
244,589
347.301
98.880
35,873
617.450
224,820
277,663
79,754
29,548
515,497
208,323
260,876
66,991
27.930
424.191
162,923
287,452
47.262
18.685
1,229,235
940,514
—
Freight
Mail, express, etc
—
Expenses
Transportation
t. of equipment,
it. of way, etc.. .
General
Taxes
Total
(74.42)
(67.18)
600,580
6,221
11,801
1,079,61«
(63.32)
625,429
3,719
486,376
612,381
629.148
434,170
257,596
(4)220,000
49.330
243.982
(4)200.000
25,000
10.086
194,072
(2)100,000
169.145
1,359
"o",i66
295.431
333.717
175,311
c.
Total
Deduct—
Interest
Dividends
Sinking fund
Miscellaneous
Total
Surplus _.
526.926
479,068
def.40.550
133.313
CONDENSED BALA.' CE SHEET
1905.
s
AtteU—
Cash
Cash
In transit
Cash, fl nan. at'ta..
Bills n
1904
s
Aets.A romlurfrs
receivable.
93.625
33,867
125, 854
Liabillus—
Unexpired Insur..
Claims In lltlgai'n
Reserve fund
Sink. fun<l
48.175
Co.'s
bonds
in treas
Miscellaneous
10
In paid pay
s
,000
14,784
for
400,000
1,1.-0.800
rolls
.
"
82.019
Interest on bonds.
Voucher! A- accts.
',71
M 1.695
150'000
Accrued
ta
due July 15.
Sinking fund
Res. forest. Ilabll.
Bet. for sun. assets
d res. fund
Surplus
Miscellaneous
.
11,466
Total asset*
13.515.054 11.803.818
—V. 81, p. 666. 264.
1904.
-..-,00.000
far
100 000
14,794
due
construction
tr. notes
/|7<
13,
268.859
30.
1905.
S
til
Securities
24'952
100*434
23.254
59.250
(68.42)
434.170
stork
6.000.000
J undid debt
5.000.000
B'da due fcr cons'n
<':ij)
24 924
12l'454
103.341
JUNE
'
Kovl and equip. 12.528.175 11,005,549
Materials A suppl.
17L1H0
144779
Acrtt.
324,003
480.155
expen. to earns.
Net earnings ..
Other income
P.
1903-04.
$
1,397,242
Earnings
Passenger
i
T'l.
7-Vt
121,464
182,182
11.067
50,000
13.092
73,175
51.678
03,71!)
313,013
150.000
l
11,943
1,610
Tot. HabllKlei.. 18,616 ,064
1
1.803.818
248,041
8,358
df. 59,353
GENERAL BALANCE SHEET JUNE
1905.
$
9.920.494
Road, etc
2.468.84S
Equipment
Bonds* stk owned 3.000,000
81,890
Mat'l and supplies
Cash, rash lor coupons, etc
39,595
Agents and conductors
8.714
U.S. P.O. Dept..
3,729
Roads, individuals
Assets
—
and companies .
Unexpired insur'e.
Total
—V.
1904.
S
9.933, 1S5
2,545,729
3,000,000
8N.7.5S
27.278
11,037
3,724
39.886
2,369
80.107
2,671
..15,565,529 15.692,489
30.
1905.
1904.
$
$
10,000.000 10,000,000
Mortgagedebt
2,469,000 2,469,000
Equip, obligations 1,610,330 1,703,220
Bett. & equip, loan 1,095,000 1,095,000
Unpaid wages
64,206
51,450
Drafts in transit..
3,323
1.979
Coupon Interest ..
1,900
1.820
Bills payable
57,031
Roads. indiv.& COS
137,704 "164,221
Accrued Interest..
60,459
90.273
Accrued taxes
19,946
24,346
Reserve funds
14,783
22,494
Profit and loss
31,848
18,086
Liabilities
—
Capital stock
Total
15.565.530 15.692,489
79. p. 1328
New York
—
etc.,
239,174
13,173
Total
Balance, surplus.
City Railway.
(Lessee of the Metropolitan Street Railway System.)
(Report for Fiscal Year ending June 30 1905.)
President H. H. Vreeland says in substance:
—
The gross earnings from operation decreased
General Results.
$596,881, as compared with the preceding year. As is shown by the
following statement, almost this entire decrease occurred during the
three winter months, viz: December 1904, decrease, $148,490; January
1905, decrease, $178,542; February 1905, decrease, $217,813; total
decrease during the three winter months, $544,845.
This decrease was chiefly due to the unparalleled weather conditions
During the months of December and January and
of last winter.
February the snow-fall amounted to 54.3 inches, as compared with 28.5
inches during the same months of the preceding year, although, as
stated in the last annual report, the winter of that year had been
unusually severe. The operation of the company's cars was seriously
impeded and frequently entirely interrupted, resulting in a serious
decrease in the gross earnings accompanied by a substantial increase
The cost of
in the operating expenses of every line of the system.
removing snow and ice was $119,824 greater last winter than during
the preceding winter.
Notwithstanding the increased cost of conducting transportation
during the winter months, the operations of the year sliow an economy
in this department as compared with the previous year of $325,879.
The increase of $143,568 in the total operating expenses resulted from
larger expenditures made for maintaining the property.
Effect of New Subway.
While the subway service inaugurated Oct.
27 1904, together with the unfavorable weather conditions which prevailed during the winter, materially affected the receipts from passengers for a few months, it became apparent by March of 1905 that the
traffic was becoming adjusted to the new conditions, and that a considerable additional short-haul traffic was being developed which
would, partially at least, make up tor the long-haul business lost to the
subway. During June, July and August of this year the receipts from
passengers have shown a substantial increase over those of the corresponding months of last year when there was no subway competition.
It is too early to reach definite conclusions as to the ultimate effect of
subway travel upon the earnings of the surface lines.
Fixed Charges. The fixed charges include the first full year's charge
of the guaranteed annual rental of 5% paid to the Third Avenue RR.
Co. stockholders, as compared with but two months and seventeen
days of this rental accrued during the previous year. This, together
with interest on notes of the Central Crosstown RR. Co., and bonds of
the Third Avenue RR. and Second Avenue RR. Co., issued for construction purposes, accounts for the increase in the fixed charges.
New Mileage. The extension across the McComb's Dam Bridge to
the 155th St. terminus of the 6th Av. and 9th Av. elevated roads has
been completed and put in operation. The installation of the tracks
and the electric lines on the Williamsburgli Bridge have been completed by the city, and our cars are now being operated thereon to the
Brooklyn terminal of the bridge.
•Veto Construction and Improvements.
All new work referred to in
the last annual report as being under way has been completed, and the
160 new closed electric cars contracted for were duly received.
Seventy-five new closed electric cars have been ordered for fall deThe 145th St. line of the Fort George A 11th Av. HR. Co. is
livery-.
being built from Broadway to 8th Av.
This will greatly Improve trie
Hevatcd
ice by shortening the line, which will connect with the
road at 145th St. instead of 1251b St. The Delaneey St line from
Clinton St. to the Bowery and the Grand St. line from the East Hjvei
to the North River are being rebuilt for electric operation
•,"-"
to ne
The compa
Special Franchise Tax Litigation.
J
United states supreme conn Involving the constitutionality or ins
has been decided adverse]] to the comial Franchise Tax Lav.
Unw are
pany, and the constitutionality of the lav. upheld.
ents
mov. pending to secure reductions In the special frnnchisi
very substanted thai
for every year subsequent to 1900. and ii
tial reductions In the original assessments will be secured.
—
—
—
—
The income accounts of the entire system for
compare ae below. The separate reports
pasl
companies will be found
Railway" Section, Issued to-day.
for the constituent
In
three years
of earnings
our "Street
THE CHRONICLE.
1172
RESULTS FOR FISCAL YEAR ENDING JUNE
1904-05.
$
2
20,888,124 21,485,006 21,549,545
Gross earnings from operations
Operating expenses
—
Maintenance
2,588,832
7,335,489
legal exp.) 2,347,103
2,180,976
7,661,368
2,285,512
.'
Transportation
General (incl. damages
&
30.
1902-03.
9
1903-04.
1,909,195
7,197,262
2,282,652
Otherincome
12,271,424 12,127,856 11,389,109
8,616,700 9,357,155 10,160,436
444,603
408,998
573,408
Net income
9,766,148 10,733,844
Total operating expenses
Net earnings from operation
9,061,303
all sources
Deduct
Rentals other than dividends of Met.
St. Ry. Co. and 3rd Av. RR. Co.. 5,884,299
3,640,000
Guar. 7% on Met. St. Ry. stock
574,750
Guar. 5% on 3rd Av. RR. stock
j/579,800
Interest on fundeddebt
Crosstown RR.
-- 1,179,398
Taxes...
—
Total deductions
Balance
1,187,837
3,715,964
3,639,792
2,458,445
11,305
1,180,476
11,858,247 11,162,918 11,005,982
272,138
1,396,771
deficit includes $168,960 accrued to the Metropolitan Securities Co. for dividends upon its holdings ($3,379,200) of the Third
Avenue RR. Co. capital stock. The deficit will be further increased
x This
of the Special Franchise Tax when ascertained.
y Interest ($1,375, 000> on the bonds of the Third Ave. RR. Co., which
in 1903-4 formed part of the "item interest on funded debt" was included in 1904-05 in the item "rentals paid."
by the amount
The balance sheet below includes in 1904 the Third Ave.
RR. and Central Crosstown RR., both eliminated in 1905.
CONSOLIDATED BALANCE SHEET.ENTIRE SYSTEM JUNE
1904
$
1905.
$
—
Assets
Property, leases
andfranchiseslOO.275,514 145.583 381
Additions
23.232,630 23,040 054
Investments .. 10,942,248
5,244 688
Supplies
976,878
1,231 187
Cash
1.011,327
2,209 761
Cash to pay coupons...
1.136,177
1,059,696
Central
Cross
814,349
l« RR. con. ac.
Dep. with Trus.
435,367
Bills receivable.
88 725
1.494,099
Accounts rec'hle
592 934
783,907
Met .Sec .Co. sub
scriptiontoN.
Y.C.Ry.secur
oivs .accrued on
8,052,000
stocks owned,
s., track rent,
13,894
13,894
565,060
1905
Liabilities
$
Capital stock .. 60,503 100
72,111,800
92,332,000
660,000
660,000
...
year notes...
Cent. Cross. RR.
2-year notes
2,250,000
950,000
850,000
950 000
Real est. mort
Notes payable. 20,581 546
RR
814,348
9.556, 800
1,059 696
1,926 116
27 714
9,556,800
1,136,177
1,483,208
28,295
3,410, 147
3,279.083
142 942
Coups. & rentals
Acets. payable.
Employees' dep.
Acc'd int. .taxes,
8,258
419.767
Total
N
Miscellaneous..
Profit
& loss
....
Total
149.659,824 187.612.568
AND MET.
Y. CITY RY.
ST.
del .782 585 sr .2,966,947
N.
—
Assets
Property, leases and franchises
Additions, &c
Investments
Materials and supplies
Cash
Cash for coupons, and rents
Bills and notes receivable
149.659,824 187,612,568
RY. BALANCE SHEETS JUNE
190c
$
5,106,883
8,656",663
306,206
711,094
1.032,450
City Ry.
1904.
£.
5,095,564
8,613,332
270,865
434,684
1,113,028
398,263
City
Ry
.
Total
Liabilities—
Capital stock
Funded debt
N. Y.CityRy.Co. 10-yearnotes
Rea~" estate mortgages
Securities due Met. Sec Co.
Coupons and rentals
Cent. Crosstown con's acct
Note3 and accounts payable
Employees' deposits
Due to companies in system
.
Miscellaneous
Reserve for controlled companies
Accrued interest, taxes, &c
Profit
and
loss
surplus
1,513,114
3"43.448
218,457
2,757,316
1,108,240
96,245
160,000
52,158
8.052,000
442,517
16,750
Miscellaneous
814,348
232,555
4,136,086
8.L52.000
securities
1904.
£
£
54.503,203 54,272,755
23.232,630 23,040,054
13,756,785 13,089,655
610,204
073,314
deb.3.927
1,419,908
157,218
Due from
Cash to redeem bonds
Prepaid insurance, &c
30.
Met. St. Ry.
1905.
1,613,114
435,367
Deposits with trustees
Cent. Crosstown cons, acct
Accounts receivable
cos. in system
Met. Sec. Co. subscription to N. Y.
13,894
...24,722,826 24.094,034100,534,853 97,196.733
$
8,459,200 8,459,200 52,000.000 52,000,000
40.668,000 39.384,0^0
660.000
660,000
950,000
950,000
9,556,800 9,556,800
1,032,450 1.113,029
814,348
4,993,500 1.678,862 2,070.163
139,635
17,957
16.86b
298,350
517,429
4,681
9,479
125,942
1,243.496
820,663
3.140,578 3,014,547
8,108
a4, 688,985 ol.748.044 3,906,400
4,714.991
24,722,826 24,094.034100,534,853 97,196.733
Total
—
—
EARNINGS FOR YEARS ENDING AUG.
1905.
$2,132,491
Net income
Charged off...
7%
1904.
x$488,160
31.
1903.
$1,522,550
None.
None.
1902.
2/$3,202,467
1,000,000
1,750,000
1,750,000
Balance ...sur. $2, 132,491 sur.$488,160 def.S227,450 sur.j/$452,467
x After deducting 865,553 for doubtful and disputed accounts receivable and $695,640 for depreciation in inventories, a total of $761,194.
y After allowing for error of $333,311 mentioned in report for 1902-03.
PROFIT AND LOSS ACCOUNT YEAR
Debits ($2,289,113)—
Aug. 31 1904
Reserve for contingent. .
Bal., sur., Aug. 31 1905.
65,000 Adjustment for period
68,481
prior to Aug. 31 1904. .
BALANCE SHEET AUG.
156,622
31.
1904.
1905.
1904.
Liabilities
$
$
$
42.782,404 Preferred stock ...24,436,500 25,000,000
h 128,400 Al, 857, 813 Common stock
24,578,400 25,000,000
1,891,698 1,787.124 Accounts and bills
498.469 1.201,469
payable
..xl, 911, 257 4,603,767
180.000
Reserve for cont's.
65,000
74,720
Land mortgages.
171.933
6,020,312 5.S14.344 Coll.it. trust bonds
203.792
sold
1,567,000 1,600,000
1905.
Real
1904-05.
Credits ($2,289,113)—
$2,155,632 Net profits 1904-05
$2,132,491
—
est., plants, &c44, 004. 971
Investm'tsecur's..
Accts. & bills rec.
Cash
Cash to red. bonds.
Taxes&ins. in adv.
Inventory
Duef'mParkSteelCo
Due from Canton
Steel
Profit
Profit
Co
401,189
& loss def
and
Total
Total
Note
— "Real
loss sur-
plus
68,481
2.155.6221
_
.52,798,571 50,203,767
52.798.571 56,203,7671
plants, etc.," are given after adding additions
and improvements, viz.: $107,148 in 1904-05, against $110,038 in 1903-04; and after
deducting in 1904-05 Park Steel Co. stock outstanding, S217.100.
h Includes: $50,000 United States Steel Corporation's 10-60-year 5 p. c. gold
bonds at 96, $48,000; $80 000 Portsmouth Steel Co. 5-20-year gold 6s at 98, $78,400;
American Machine & Ordnance stock, $2,000.
k Included Crucible Steel Co. stock at par, $563,500 pref. and $421,600 common,
(see text above); also Central Plow Steel Co., Ltd., stock, $25,000; Park Steel Co.
pref. stock, $370,312 (purchases since organization, when 94 p. c. of the issue
was acquired); Canton Steel Co. stock, $100,610; mortgage Portsmouth Iron &
Steel Co., $1S0.000; mortgage Cumberland Steel Co., $32,500; miscellaneous stocks,
$4,290; U. S. Steel Corp. 10-60-year 5 p. c. bonds at 80, $160,000.
x Includes: Bills payable secured by deposit of collateral trust bonds, $742,000;
other notes. S353.335; acc'ts pay'le, $765,515; int. accrued. $50.407. V.81,p. 214.
estate,
—
Lake Superior Corporation.
(Report for Fiscal Year Ending June 30 1905.)
President Charles D. Warren, in the report for the first
year, says in substance:
Reorganization.
Your properties were received in June 1904 after a
ong period of idleness and hampered by litigation and complications
resulting from the unfortunate condition of the old company.
After a
reorganization was made possible, much time was consumed by the legal
procedure necessary to get title. The last Canadian property to remain
in receiver's hands. The Lake Superior Power, has passed into the full
The inevitable legal
control of the corporation within the past few days.
fees, etc., were very large, but they will not be again incurred.
The disunderwriters has been completed, and
tribution of the new securities to
fiscal
—
only a small percentage of the securities due to shareholders remains to
a Deficit.
—V.
—
Deficit
cons'nacct..
Secur. due Met.
Sec. Co.
2,857
.
—
1904.
$
Fundeddebt... 50,810, 000
N.Y.C. Ry. 10-
&c
&c
iscellaneous
8,052,000
—
Pref. dividend,
30.
—
Cent. Cross.
Glessner Co.
The mortgage held on the Cumberland plant, $32,500, has
been paid oif and tiie proceeds passed into the treasury.
U. S. Steel Corporation Bonds. A large portion of the United States
Steel Corporation 10-60-year gold bonds held at the close of the last fiscal
year has been sold and the proceeds used in the company's current busiii'
s.
The remaining fifty bonds now in the treasury are included in the
assets at present market value.
Park Steel Co. Stock. The Park Steel Co. stock still outstanding is,
at par, $217,100.
The amount purchased by the company at a total
cost of $388,313, including interest and commission, has been charged
into property account at the actual cost to the company.
Canton Steel Co. Since the last annual statement trie company has
purchased the outstanding stock (about 25 p. c.) of the Canton Steel Co.
and now owns all that company's property and assets. The actual cost
of the plant has been charged into our property account.
Depreciation.
All expenditures made during the year for mainten-.
ance, renewals and replacements having been charged to current oper
ating expenses, and only actual additions and extensions charged to
betterments, and as the physical condition of the company's plants is
better than ever before, it was not necessary to charge oflf anything for
depreciation.
Foreign Trade. The foreign business continues to grow and to show
substantial returns, which encourages the company to further extend it.
Plans are now under way looking to the establishment of branches in
the lar East, including Japan, Korea and China.
The Future. The outlook for business for the coming year is most
encouraging. The amount of contracts and orders on the books of the
company is larger than usual at this time of year. If our expectations
as to earnings are realized, we see no reason why the company should not
begin to pay dividends on the preferred stock "in the near future, though
for a time it may be advisable to make them less than the full rate.
—
4,266,008
3,640,000
122,823
1,946,250
-.z2, 796, 943
deficit.
[Vol. lxxii
81, p. 976.
be issued.
Crucible Steel Co. of America.
(Report for Fiscal Year Ending Aug. 31 1905.)
The report signed by William G. Park, Chairman
of the
Executive Committee, and President Frank B. Smith, says
in substance:
Earnings .—The net earnings for the year, after charging
a doubtful nature, were $2,132,491.
off all
items of
—
Consolidation of Accounts.
The accounts of the subsidiary companies
have been consolidated during the year with those of the Crucible Steel
Co. of America and the present balance sheet, therefore, shows a complete statement of the assets and liabilities of the company.
Reduction of Debt. On Aug. 31 1904, the total debt was $6,203,767;
on Aug. 31 1905 it was $3,650,190, showing a reduction of $2,553,577, inDuring the year the company
cluding $33,000 of bonded indebtedness.
has met all its current obligations, and in addition has anticipated payment of notes covered by the collateral trust bonds to the amount of
—
$808,000.
This improvement in the company's financial condition renders it
unneccessary to issue any part of the $7,000,000 bonds authorized at
the last annual meeting.
The change in the capital stock account shown in the
Capital Stock.
balance sheet is due to our having deducted 5,635 shares of preferred
shares of common stock, issued at organization to the Union
and 4,216
Trust Co. of Pittsburgh and held by it as trustee to be used for the acquisition of certain outstanding interests which were never acquired
There are now no liens of any kind against the properties
Liens.
other than the collateral trust bonds and the mortgages ($171,933) shown
The amount of these mortgages represents the
in the balance sheet.
purchase price of several pieces of land at Clairton, now under agreement
We are advised that this sale will be
of sale to the Clairton Steel Co.
consummated very soon.
Mortgages. The mortgage of $180,000 held by the company on the
Portsmouth Steel Co. plant has been satisfied, the company having accepted in lieu thereof $102,400 in cash and $80,000 par value in first
mortgage bonds of that company, secured by the stock of the Whittaker-
—
—
—
—
The expenditure was heavy both in time and
Result of Operation.
in putting the plant in full operation after a long period of inactivity, with scarcely more than one plant ( the ground wood pulp mill) in
condition for operation. Under these conditions, profitable operations
could not be established before the closing half of the year, and thus
profits were depleted by expenses absolutely necessary to restore working
conditions. It is matter for congratulation that following such conditions the aggregate net income is in excess of the fixed charges.
The old indebtedness has been practically all settled
Indebtedness.
with the exception o f a few disputed claims and a number of small
When these are all settled, the balance of the treasury bonds
accounts.
for the uses of the corporation will probably be a little over one million
dollars ($1,000,000.)
Working Capital. Under the plan of reorganization your corporation
received $1,000,000 in cash working capital, in addition to the material
and supplies of the subsidiary companies. This sum was found to be
inadequate, and it has been necessary to have recourse to loans in order to
purchase stock and materials.
Plans have been considered for extensions and additions
Extensions.
to the plant which will materially increase the earning capacity, but lack
of ready moneys for this purpose has prevented action being taken
beyond a very limited extent. It is expected that this hindrance will be
removed during the current fiscal year by the disposition of treasury
bonds, and by the sale of nickel matte and ore on liand, and from the
increasing net earnings.
The maximum monthly output of the rail mill was 12,138
Production.
The product is of a very high grade, fully meeting the extreme
tons.
requirements of the Canadian railways. The two blast furnaces produced
Negotiations are pending
11,997 tons of pig iron during August 1905.
with experienced parties with a view to deriving a satisfactory revenue
from the nickel properties. (V. 81, p. 977). Over 200,000 tons of ore
were taken out at the Helen Mine, and this, together with the stock on
hand, and the output to the close of the shipping season this year, has
money
—
—
—
—
been sold.
,
,,.,.,
The operations of the wood department have not resulted satisfactorily,
owing to the large dues payable to the Government, and to other matters
A new arrangement has recently been consumincident to this work.
mated with the Government, and it is believed that the department will
—
.
Oct. 14
THE CHRONICLE.
1095.]
The saw mill has been kept running
hereafter show fair earnings.
proritablv with our own loss and custom work.
The pulp mill produced 37 .817 -tons of ground wood pulp during the
Building paper and tar paper are
year, the largest output In Its history.
The Algoma Central & Hudson
also being made In Increasing quantity.
Hav Kv. and the Manitoulin A North Shore Ry. and the Beet Ol steamers
mostly in carrying; companies' freight.
have been operated profitably,
The two traction companies at the Canadian and Michigan "8oos" show
some loss for the year, but it is expected will do better the coming year.
The Tagona Water A Light Co. with a business of comparatively small
volume is one of the best properties, in proportion to the Investment.
igan Lake Superior Power Co.- It has been a matter of serious
concern that t lie power house of the Michigan Lake Superior Power Co.,
feet lone, is unable to bear sately the strain of the full head of water
1 ,868
An agreement howrequired to develop the maximum horse-power.
ever, has been readied with the bondholders' committee representing the
owners of the tirst mortgage bonds of the Michigan Lake Superior Power
Co. by which it will be possible to secure the amount required to place the
power house in a satisfactory condition. This work will require several
months and can be undertaken early next spring. In the meantime
power will continue to be furnished, up to the limits of safety, under the
contract with the Union Carbide Co., and for other purposes, and your
corporation expects to be in a position to entertain applications for the
sale of power early in 1907.
The outlook for the current yearismost encouraging. BarOutlook.
ring unforeseen accidents, the output of rails with the present equipment
should be 150,000 tons 50 r o increase upon the production of last year,
and at reduced cost. The two furnaces should produce nearly the
amount of iron required for the present capacity of the rail plant, whereas
last year it w as necessary to purchase 50,000 tons of pig iron.
,
—
—
INCOME FOR FISCAL YEAR ENDING JUNE
30 1905.
on investment securities of subsidiary com$543,455 $
panies (from net earnings)
42,084 $585,539
Net interest from banks and other sources
Interest
1st mortgage bonds outstanding
General expenses, taxes, and organization costs
Coupons from
Balance credit profit and
452,175
98,562
550,737
BALANCE SHEET JUNE
30 1905.
Liabilities.
Investments, loans and
Securities of sub .com$51.201,92S
panies
32.695
Cash
Governm't cash deposit
17,500
25,900
Cash for coupon No. 1.
Collateral security
150,000
Treasury bonds
956,879
Furniture tt fixtures
354
Advances to sub. cos
1,531,543
Capital stock
$40,000,000
mortgage bonds.. 10,000,000
Income bonds
3,000,000
First
Bills
payable
800,000
Canadian Improvement
Co
Coupons unpaid (contr)
Due subsidiary cos
Suspense account
and
34,802
loss
Total
.$53,916,799
Total
$53,916,799
.Yore.
In addition to the bonds in the treasury, there have been set
aside and placed to the credit of the Algoma Central & Hudson Bay Ry.
Co. to be used for the extension of its line: cash, $61,653; 1st mortgage
bonds of Lake Superior Corporation, $345,000.— V. 81, p. 1103, 977.
—
Massachusetts Gas Companies.
(Report for Fiscal Year Ending June 30 1905.)
President C. Minot Weld says:
The consolidation of the Massachusetts Pipe Line Gas Co., Brookline,
Dorchester, Jamaica Plain, Boston, Roxbury and South Boston Gas
Light companies, and Bay State Gas Co. of Massachusetts, was effected
on June 15 1905, the properties of these companies being purchased by
the Boston Consolidated Gas Co. Statements showing the operations
of the Boston Consolidated Gas Co. and The New England Gas & Coke
Co. are submitted.
Reference was made in the last annual report to the fact that the
had arranged to purchase the stork of certain other gas comThis has been partly accomplished by the acquisition of 8,460
shares of the East Boston Gas Co. (V. 76, p. 657) and 2,942 shares
The earnings of these properties for
of the Chelsea Gas Light Co.
the year ending June 30 1905 show a satisfactory surplus over all
trustees
panies.
and fixed charges.
The property account includes the following
securities:
New England Gas & Coke Co. mortgage
New England Gas & Coke Co. stock
Boston Consolidated Gas Co. stock
East Boston Gas Co. stock
Chelsea Gas Light Co. stock
Owned.
k Total Is.
$8,000,000 $8,000,000
17,465,200 17,465,200
15,110,600 15,124,600
211,500
220,000
294,200 z 300,000
k Supplied, not in report,
x Outstanding bonds reported as $175,000
M. 4s, due 1923: interest payable Feb. and Aug. at Boston Safe
Deposit & Trust Co.
1st
The
the parent company, the
Boston Consolidated Gas Co. and the New England Gas &
Coke Co., and the balance sheets of the Massachusetts Gas
results
of operations
of
Companies, follow:
MASSACHUSETTS GAS COMPANIES— YEAR ENDING JUNE
Interest on bonds, notes, certificates, etc
Dividends received
Total earnings
1904-05.
$675,218
893,450
30.
1903-04.
Deduct
Expenses
$13,192
52,093
1,000,000
interest
Dividend on preferred shares,
4 p. c
Total deductions
Balance, surplus
Nit undivided earnings, constituent companies
.$1,065,285
$503,383
x$85,787
$20,257
1,000,000
?] ,020,257
$262,060
$84,618
x Includes Boston Consolidated Gas Co., $144,517: Chelsea <ias Light
Co.. $18,755: East Boston Gas Co., $8,391: total, $171,663; less deficit
of New Engiand Gas & Coke Co., $85,875; net undivided earnings,
$86,787 39.
BOSTON CONSOL. GAS CO.— YEAR ENDING JUNE
30 1905.
(Including operations of Brookline, Dorchester, Jamaica
Plain, Boston, Roxbury and South Boston Gas Lighl companies, Massachusetts Pipe Line Company and Bay State
mpany of Massachusetts for eleven and one-half
months and Consolidated Company
Gross income
Expenses
$3,613,081
2,240,744
for one-half
N't earnings
Net earnings
$1,292,998
Deduct—
Interest
Net income from oper
Miscellaneous income
month.)
$1,272,337 Dividends .
20,650
Total deductions
$1 ,292.993
Balance, surplus
304,416
844.060
$1,148,476
144,617
46,276
Interest on mortgage
400,000
$420,891 Int on floating debt
5,000
4,579
Total deductions.
.$51 1,345
$425,470 Balance, deficit..
...$ 85.875
.
Total income
n
\M
SHEET OF THE MASSACHUSETTS GAS COMPANIES JUNK
30.
1905.
1901.
Liabilities—
S
$
$
%
Property aocQunts.61,235,483 47,753,143 Preferred .stock... 25. 000, 000 25,000.000
rush In hanks
033.651 1.191.719 Common stock
25.000,000 25,000,000
Notes receivable.,
nio.ooo 1.2M).000| Notes payable
1,353. -173
01,291 Pref. dlVd accrued
Acctn. receivable..
83.333
83.761
83,333
receivable
300,417
210.243 Surplus
910,500
413.123
Interest
\1
•!:
1905.
—
1904.
is
Total
52.353,312 50.496.456
Total
52.353.312 50,490 456
The following balance sheet was furnished
to the Massachusetts authorities, but does not appear in the report:
BOSTON CONSOLIDATED GAS CO.— BAL. SHEET JUNE
Liabilities
Assets
& properties.. .$23 ,779,800
Machinery, mains, etc.
7,462
Due for pas
41,599
Gas coal, material on
band
358,957
Accounts due company.
Cash on hand
_
Total
— V.
loss
Total
...$24,445,573
.
bills
1,327
16,125
17,450
18,036
125,761
79,053
Miscellaneous.
and
30 1905
$15,124,600
287,217
Deposits by customers.
132,775
Taxes accrued
7,334
Water not billed.
381
Stock premiums
8,893,264
Unpaid
Steam plant,
etc. (electricity)
electricity
Due for
—
Capital stock.
Plants
$24,445,573
81, p. 562, 268.
Western Union Telegraph Company.
(Report for Fiscal Year Ending June 30 1905.)
President Robert C. Clowry says in substance:
—
Bonds. "Funding and real estate mortgage" bonds to the amount of
$3,000,000 were issued during the year for the purposes prescribed in the
of May 1 1900.
There was a large increase of revenue from message
General Results.
business, but the loss resulting from the discontinuance of race reports
shortly before the beginning of the fiscal year made a decrease of $215,755
Owing to the conditions under which the race
in the total earnings.
service had been handled, a proportionate decrease could not be made in
the expenses, which show an increase of $483,655, of which amount about
$300,000 represents the cost of handling the increased message business.
The remainder was in the cost of reconstructing the lines, which cost
was the largest in the company's history, and was caused by work designed to raise the standard of the lines, increasing the number of poles
per mile on the main routes, substituting copper for iron wire, and sundry
other details of improvement. $307,494 was in the salaries of employees
and general expenses necessary to the efficient handling of the business.
In ordinary line repairs, office rental, claims for damages and rental paid
for leased lines, there was, in each case, a small decrease in expense.
The net growth of the plant was, in poles and cable, 874 miles;
Plant.
Of the total of 1,184,557 miles of
in wires, 29,152 miles; in offices, 356.
wire at the close of the year, 306,736 were of copper, an increase in copper
during the year of 16,466 miles. The cost of new construction was
The substitution
$1,177,500, which was $1,288,279 less than last year.
of dynamo or storage batteries for the old-style chemical main batteries
was authorized at thirteen important centres.
At Cleveland arrangements were made with the landlords for enlarged
main office accommodations in the same building; at St. Louis a contract
was made for the removal of the main office to a new building, and at
Indianapolis the company has contracted to lease and remodel a building
and move its main office thereto. The leases are in all cases for long
terms. Similar arrangements have been made at many smaller places.
Purchases have been completed of the properties Nos. 14, 16 and 18
Dey St., New York, which are available for extension of the present
main building when the necessities of the business require it.
Contracts.
Contracts covering 3,474 miles of railroad were closed
during_the year with_the following-named railroad companies.
Lake Tahoe Ry. & Transport'n Co Cincinnati Bluffton & Chicago RR.
Mississippi Central RR. Co.,
Co.,
Washington Southern Ry. Co.,
Midland Vallev RR. Co.,
Richmond Fredericksburg & Poto- Goldfield RR. Co.,
mac RR. Co.,
Missouri Oklahoma & Gulf RR. Co.,
New Orleans & North Eastern RR. Delaware Lackawanna & Western
—
—
—
Co.,
RR. Co.,
Transylvania RR. Co.,
Co.,
& Pacific South Dakota Central RR. Co.,
Aberdeen & Ashboro RR. Co.,
& La Jolla Eastern Ry. of Minnesota Co.,
Alabama & Vicksburg Ry.
Vicksburg
Shreveport
KH.Co.,
San Diego Pacific Beach
Ry. Co..
Park Rapids <k Beech Creek Ry. Co.,
Ohio River & Columbus Ry. Co.,
Maine Central RR. Co.
The company has acquired $54,000 stock of the Chicago &
St. Paul Telegraph Co. (V. 81, p. 510).
Earnings, Etc. The results for three years and the miles
of poles, etc., at various periods were as follows:
Tonopah BR.
Co.,
& North
Carolina
RR.
Co..
—
$678,286
594 ,03
$1,568,668 $1,272,317
1,609,642 Taxes anil insurance
Net Income from operat'n
Miscellaneous income
Atlantic
The results of operations of the parent company, the Boston Consolidated Gas Co. and the New England Gas A Coke Co. and the balance
sheete of the Massachuse ts Gas Companies follow:
& COKE CO .—YEAR ENDING JUNE 30 1905.
$2,030,533 General exp. & man
$60,070
Production
Operating expenses
mortgage
4,677
25,900
29,400
22,020
Profit
1173
NEW ENGLAND GAS
Profit
$34,802
loss
Assets.
interest
—
1
RECEIPTS AND DISBURSEMENTS.
1904-05.
$
Revenues
for the year
29,033,035
Expenses
Oper. and gen'l expen. and taxes.. 16,165,199
Rentals of leased lines
1,591,373
Maintenance and reconstruction
3,719,334
Equipment of offices and wires
369,664
29,249,390
29,167,687
16,736,692
1 ,600,885
3,627.196
397.242
16,653,337
1,567,706
3,431,822
400,:! 50
7,188,065
21,361,915
7,887,476
8,214,472
1,227,200
4,868,084
1,157,700
4,868,071
4,868,050
—
Total expenses
Profits
1902-03.
1903-04.
21 ,845,570
—
Disbursements
For interest on bonds
For dividends (5 percent)
1,077,7(11)
Total disbursements
6,095.284
Balance of profits...
1,092,781
Burp. July Kbeginning of year)... 14,881,428
13,019,726
5,945,750
8,722
10.751.003
Snip. June 30 fend of year)
14,881,429
13.019,725
uOe$
)'mr.
1866 67
1879-80
1802-93
1900 oi
1901 02
1902-03
1903-04
1904-01
V. 81,
—
poles
oj
.1/
lies
15,974,209
of
wire.
A-c.'blvs.
(',,
of
offices.
85,291
2,666
233,634 9,077
...189,936
769,201 21,078
'1.3,589
972,766 2.3.238
,029,984 23,567
196,115
196,617 1.089,212 23 20
165, 106 23,468
199,350
.200,224 1,184,657 23,814
p. 921.
1
,
1
77
I
.7(11
1
Profits.
Mi
6^79,282
Receipts.
29,21
6,833,938
978,4 13 7,496.037
354,160 6.686,248
28.073.095 7,292,329
29,167,687 8,21 1,472
29,249.390 7,ss7.475
29,083,636 7,is.s,065
.
66,691,868
I
.
I
No.
... 46.270
... 85,645
.
PL'.-,,
l.sti
69,374,883
69 790 866
67,903 973
67,477,320
14,920
12 782.894
[Vol. lxxxl
THE CHRONICLE.
Report. — Results for the year ending June 30 were:
GENERAL INVESTMENT NEWS.
1174
Year.
1904-05
1903-04
RAILROADS, INCLUDING STREET ROADS.
Arkansas Southern RR.
—Sale. —This
property, recently
sold to the Rock Island Company, was controlled by George
W. Hunt, of St. Louis, and associates who were the owners
of all of the capital stock and made the sale to the Rock
Island people. The bonds, aggregating $1,262,000, were
held by the Mississippi Valley Trust Co., and, we understand,
have recently been sold through a bond house in St. Louis,
presumably to the Rock Island interests. V. 81, p. 840.
Atlantic Coast Line RR. Listed. The New York Stock
Exchange has listed $503,000 additional first consol. mortgage
50-year 4 p. c. bonds of 1952 (of which $500,000 represents
additional rolling stock), making total amount listed $43,141,000; also $35,000,000 4 p. c. bonds of 1952 Louisville
,
—
&
—
—
Nashville collateral.
For the year ending June 30 results were:
Report.
Other income Charges. Bal.fordiv.
Net.
Gross.
Year
—
—V.
Cross.
Net.
Oth. inc.
Charges.
Bal., sur.
$23,861,258 $10,581,366 $633,892 $7,178,662 $4,036,596
22,444,213
8,518,645 886,228 5,914,751 3,490,122
80, p. 871.
Central
Vermont Ry.
—Report. —The
Year.
1904-05
1903-04
Net.
Gross.
—V. 80, p. 468.
Other Inc. Charges. Bal. sur.
$666,279
659,593
$3,557,776
3,524,291
$10,840
10,840
1
$22,222,902 $8,777,135 $2,276,749 $6,384,172 $4,669,712
-20,544,975 $8,434,511 2,115,154 6,266,183 4,283,482
common and
preferred stocks at the
rate of 5 p. c. yearly call for $2,102,085 in 1904-05, against
$1,918,835 in 1903-04, leaving a balance, surplus, of $2,567,627 in 1904-05, against $2,364,647 in 1903-04.— V. 81,
p. 263, 210.
Dividends on the
Ry. —Listed. — The
—
p. 1047, 1038, 840.
$3,670
2,646
—
Cleveland Cincinnati Chicago
&
St.
—
Louis Ry. —Listed. —
New York Stock Exchange has listed $4,727,900 additional
common stock, making the total amount listed $35,597,600.
The authorized issue of common stock was increased last
May from $28,700,000 to $40,000,000, and the stock now
added to the list is the remainder of the first block of $7,600,000 which was offered at par to the shareholders in
New June. See V.
Atchison Topeka & Santa Fe
York Stock Exchange has listed $32,420,000 fifty-year 4 p. c. 613, 558.
convertible bonds of 1955. The authorized issue of con(See V. 80, p. 471,
vertible bonds is limited to $50,000,000.
The proceeds of those now listed are
649; V. 79, p. 2695).
to be used for:
The completion of lines in course of construction, to construct certain
additional branches and feeders, to build second tracks and reduce
grades upon portions of the main line, to purchase additional equipment
and to provide a fund applicable to other capital requirements. Out of
the proceeds of the $32,420,000 bonds sold, the company has authorized
the expenditure of $9,300,000 for the purchase of additional equipment;
$9,500,000 for the completion of the Eastern Railway of New Mexico,
between Belen, New Mexico and Texico, Texas (a distance of about 265
miles), the extension of the Arizona & California Railway from Wickenburg, Ar., in a westerly direction, and for the construction or purchase of
other branch lines and feeders; $3,300,000 for the construction of about
161 miles of second track on the main line, and $9,000,000 for various
other additions and improvements. Compare V. 81, p. 1099, 985, 970.
$673,449
667,787
Chicago & North Western Ry. Extension. The Pierre
Rapid City & Northwestern Ry. was incorporated in South
Dakota on Sept. 14 with $10,000 authorized stock, to construct a road from Pierre, S. Dak., westerly via the Bad
River route to Rapid City, about 165 miles. The incorporators are all officials of the North Western system,
which has purchased the right of way and grade partly completed some years ago by the projected Duluth Pierre &
Black Hills Ry. and also the franchise for a combination
bridge over the Missouri River at Pierre, S. Dak.
V. 81,
.
1904-05
1903-04
results for the year
ending June 30 were:
&
—
1423, 1911, 2343,
80, p.
—
2399.— V.
81, p.
—
Consolidated Railway Co. Acquisition. See Springfield
Eastern Street Ry. and Willimantic Traction Co. below.
V. 81, p. 1043, 777.
—
Delaware Susquehanna & Schuylkill RR. Change in
Control.— See Lehigh Valley RR.. below.— V. 75, p. 666.
Denver & Salt Lake Ry. Tunnel & Mining Co. Construction.
Arrangements were recently rumored as made,
or being made, for the completion of this company's tunnel through the Continental Divide, under Grays Peak.
The tunnel was begun in 1880 and has been popularly
known as the "Brick" Pomeroy tunnel. At a recent meeting in Denver, William Amos of Port Alleghany, Pa., was
elected President; L. B. Jones and H. W. Woodruff of
New General Manager. George T. Nicholson has been New York, John J. Reilly of Los Angeles, Cal., James Lynch
V. 81, and H. W. Hanum of Denver are stated to be directors.
elected to succeed Paul Morton as General Manager.
As a railroad outlet, it is said, the tunnel would shorten the
p. 1099,985.
distance between Denver and Salt Lake by 100 miles.
The
Boston & Maine RR. Authorized. The shareholders at tunnel
is also a minning enterprise. The "Engineering and
the annual meeting on Oct. 11 approved propositions:
Mining Journal" says:
—
—
—
—
(a) to issue $10,000,000 bonds (to be 20-year 4 per cents, dated probably Sept. 1 1906 and due Sept. 1 1926) for the purpose of paying and
refunding at maturity $7,724,500 bonds maturing Sept. 1 1906 and
$2,000,000 maturing Oct. 1 1906 and for the payment of $594,800 mortgage notes of the Eastern RR. (b) to increase the capital stock by the
issue of $4,203,700 common stock for additions, improvements and new
equipment, (c) to issue $152,000 4% 20-year bonds for the purchase of
the property, etc., of the Danvers RR. Co. and $306,600 4% 20-year
bonds for acquiring the Newburyport RR. companies, whose bonds,
and most of whose stock, are owned by the Boston & Maine. (The
new bonds issuable on account of these purchases, it is stated, will
remain in the treasury of the Boston & Maine.)
The $4,203,700 new stock will be issued on Sept. 1 1906,
in conjunction with the 11,282 shares held by the Eastern
RR. trustees, to subscribing stockholders of the Boston &
Maine in the ratio of one new share for every five held, any
stock remaining unsubscribed for to be offered at public
auction.
See V. 81, p. 899, 974, 1040.
California
pany.
— See
Gas
&
Pacific
—
—
—
Electric Corporation.
Consolidated ComGas & Electric Co. below. V. 81, p.
—
1102, 1045.
—
—
—Purchase New Rolling Stock —
Canadian Pacific Ry.
Stock Issue Doubtful. —The shareholders at the meeting on
Canada Atlantic Ry. Property Taken Over By Grand
Trunk Railway. See that company below. V. 81, p. 840.
—
of
Oct. 4 authorized the expenditure of $7,500,000 for the purchase of new rolling stock, but made no stipulation as to the
manner in which the new money required should be obtained.
The statement that a portion of the $25,000,000
new stock authorized last year would be used for this purpose, it seems, was an assumption by a financial writer
which may or may not prove correct. See proceedings at annual meeting on page 1 1 70 of this issue
V 8 1 p 1099 902
.
Central of Georgia Ry. —Listing
Coupons Attached. —The New York
—
.
,
.
,
Income Bonds Having
Stock Exchange has
listed $1,052,000 first preference, $2,952,000 second preference and $1,544,000 third preference income bonds of
1945, stamped interest payable to bearer of warrants only
with annual coupons attached. The Stock List Committee
is empowered to list from time to time the remainder
of
of
the three issues when similarly treated, viz.: first preference
incomes up to $4,000,000, second preference up to $7,000,000
and third preference up to $4,000,000. See V. 81, p. 974
V. 81, p. 1099.
—
Ry. —Listed. —The
Central Pacific
New York Stock Exchange has listed $2,941,000 additional first refunding mortgage 4% guaranteed bonds of 1949, making total amount
The bonds now listed were held by the
listed $79,292,000.
Government as collateral security for a note of $2,940,636,
due Aug 1 1905. which has been paid.
The tunnel will
in the heart of the
be 3}4 miles long and
"will
cut'through Gray's peak
Rocky Mountain range. The contract for driving the
tunnel from both the Clear Creek and Summit County sides is to be let
to the Denver & Salt Lake Construction Company of New York.
The
tunnel is to be 10 by 12 feet.
The old workings are in 5,300 feet on the
east, or Clear Creek end, and machinery is to be installed at both ends
of the tunnel; work to commence about Sept. 1 next.
V. 73, p. 82; V. 72,
p. 1187.
—
Grand Trunk Ry.
—Six
—
Months' Statement. The results
ending June 30 1905 are
of the accounts for the half-year
given as follows:
6 mos. ending
June 30
—
1905
1904.
Gross
Net
Net
earnings,
earnings.
charges.
Balance,
Advances,
surplus.
£805,570
£510,123
£10.414
£285,033
663.747
£2,729,007
2,559,316
519,753
19,384
124,610
From
the surplus as above in 1905, together with the
balance of £6,618 remaining Dec. 31 1904, the company has
declared the full dividend for the half-year on the four per
cent guaranteed stock (£135,597) and also of 2J^% on the
l
first preference stock (£85,420) and 2 /$% on the second
preference stock (£63,210), leaving a balance of £7,423 to be
The full dividend on the guaranteed stock,
carried forward.
calling for £122,946, was paid last year, but no dividends on
the preferred stocks.
Properly Taken Over. This company on Sept. 30 took
over the operation of the main line and branches of the
Canada Atlantic Ry., aggregating 460 miles of road. V.
81, p. 1043.
Grand Trunk Western Ry. Interest on Incomes. The
directors on Oct. 2 voted to declare the payment of the
usual 1% on the $1,500,000 income bonds for the year
ending July 1 1905.— V. 78, p. 1446.
Great Northern Ry. Right to Subscibe to New Stock.
A circular issued on Tuesday announces that stockholders
of record on Nov. 8 will be permitted to subscribe at par
for $25,000,000 additional common stock to an amount
equal to 20 p. c. of their respective holdings. The subscriptions, which must be made on the certificates to be
mailed to the stockholders upon the closing of the transfer
books Nov. 8, are payable 25 p. c. Dec. 18 1905, 25 p. c.
Jan. 18 1906, 25 p. c. Feb. 19 1906 and 25 p. c. March 19
The new stock, when issued, will take rank with
1906.
The circular further
existing stock from Feb. 2 1906.
—
—
—
—
—
—
says:
Since March 1901,
when
the last issue of the capital stock of this
for subscription, the rapid expansion of
the business of your company has made necessary large expenditures
For a portion of such expenditures your
for new lines and property.
directors authorized financial arrangements of a temporary character
on account of the litigation in which your company was then involved.
That litigation being ended, it is considered advisable that permanent
provision should now be substituted for such temporary arrangements,
and that funds be provided to pay for additional equipment, for the
company was
offered to
you
—
TIIK CHRONICLE,
Oct. 14 1005.1
stocks ami bonds, or both, of your subsidiary companies, and tor such
other securities and property as the expansion of the system may require
ami your board of directors may authorize from time to time to be acquired.— Y. si. p. 1100, BOO.
.
(.'has.
—
—
& Worcester Street Ry. Sold. At the sale on
30 (adjourned from Bept 16), the property was hid in by
V. Choate o( Boston for certain bondholders for $5,000
Hampshire
Sept
1136,000 ami accrued interest, receiver's
certificates of 12,000, ami sundry liens, amounting in all to
approximately 1150,000. V. Si, p. 777.
Bonds of Subsidiary
Illinois Iowa & Minnesota Ry.
Company- See llockford Belt Ry. below. V. 80, p. 2457.
above bonds
of
—
—
—
—
—
Las Vegas & Tonopah RR. New Company. The company was incorporated in Utah on Sept. 20 with S4 ,000 ,000
authorized stock, of which $1,">00,000 has been subscribed,
to construct a line from Las Vegas on the San Pedro Los
Angeles & Salt Lake RR., of which it is expected to be a
valuable feeder, through the counties of Lincoln, Nye and
smeralda to Tonopah, .New, with connections to the minThe
ing camps of Bullfrog, Beatty, Rhyolite and Goldfield.
1
incorporators
are:
William A. Clark of Butte, Mont.; R. C. Kerens of St. Louis, Mo.;
J. Koss Clark, R. J. Waters and W. II. Comstock of Los Angeles, and
C. O. Whittemore and Pennel Cherrington of Salt Lake City.
Construction, it is stated, will be begun at once, and as
the grades are easy and no tunneling and only few bridges
will be necessary, it is thought that the line can be completed
in
about six months.
Lehigh Valley RR.
—
—
—
Purchase.
Collateral Trust Bonds.
directors yesterday "confirmed the purchase of the
entire capital stocks of Coxe Bros. & Co., Inc., the Delaware
Susquehanna & Schuylkill RR. Co. and the allied water
companies, the Drifton Water Co., Beaver Meadow Water
Co., Tomhicken Water Co. and Oneida Water Co.
The
purchase carries with it the collieries and mine properties of
Coxe Bros. A Co., Inc., including over 1,100 miners' houses,
all the real estate of that company in Chicago and Milwaukee
and the floating equipment in New York harbor, as well as
the Delaware Susquehanna & Schuylkill RR. of 76.51 miles,
The
together with the shops, 23 locomotives, approximately
2.100 coal cars, passenger coaches and work cars.
The
companies were purchased as a going concern, including coal
mined and on hand. All of these properties are free and
clear of any mortgage or encumbrance whatever.
Posjsion will be taken Nov. 1 1905.
Coxe Bros. & Co., Inc.,
are the largest individual operators in the anthracite field,
their annual capacity exceeding 2,000,000 tons, which will
hereafter add that much to the Lehigh Valley's output, as
well as insuring to it the haul on this increased tonnage."
The purchase will be financed by means of an issue of
collateral trust bonds, which, it is understood, will be 4 per
cents amounting to about 819,000,000, to be retired in
annual instalments beginning in 1907, and secured by
pledge of the entire outstanding stocks of Coxe Bros. & Co.
.910,150) and the Delaware Susquehanna & Schuylkill
RR. ($1,500,000). Coxe Bros. & Co. was incorporated in
Pennsylvania Oct. 23 1882. Their coal properties are
located in Luzerne and Carbon counties.
The earnings for
1904 are stated as follows, the railroad reporting for the year
ending June 30, Coxe Bros. & Co. for the calendar year:
Company.
Or
's.
Bal.,sur. Tot.sur.
Coxe Bros
85,057,556 $680,961 (9% )S261. 913 S419.048 §2,607,969
I!). 260 (9%) 135,000
D.8. 4 8. RR. 1.200.4';.-,
17,2:M
14,260
A- a result of tin' consolidation of the management of the
newly acquired properti'-s with that of the Lehigh Valley,
it is expected that many economies will be effected, thereby
reducing the expenses of operating the properties.
V. 81,
p. 1100, 782, 777, 775.
Louisville & Nashville RR.—Listed.
The New York
Stock Exchange has listed s:5.000,000 additional unified
50-year 4 p. c. bonds, making the total amount listed S37,562,000.
The additional bonds were issued as follows: To
take up prior liens, 8981,000; for various purpo.-* s under
Art. 4, §2,019,000.— V. 81, p. 1100, 1112, 1096.
1
—
—
—
—
1175
8%
cumulative
(parof Shares ^inm, consisting of $10,000,000
preferred and 120,000,000 common, to take over the California (ias iv. Electric Corporation ami the San Francisco
Gas a- Electric Co. per plan of X. W. Halsey A- Co. Bee
San Francisco (ias & Klcctric Co. in V. SI, p. 844, 1010.
The directors are:
i:
De s,ii>ia Jr., John Martin, Frank <;. Drum, John a. Brltton,
Garret W. McEnerney, John S. Drum, Cyrus Pierce, Carl Taylor, Geo. K.
Weeks, Frank D.Strlngham, Merrill 0. Evans Jr., Alexander N. Kemp,
George w. Levis, Challen R, Parker and L. Foster Young.
,i
—
Paducah (Ky.) City Ry. See Padueah Traction & Light
below.— V. 75, p. 135.
Paducah (Ky.) Traction & Light Co. Amalgamation.
The basis on which Stone & Webster have arranged to unite
Co.
—
—
the public service corporations of Paducah, Ky., calls for
the incorporation of this company under the laws of New
Jersey with 81,000,000 common stock, all to be issued;
non-cumulative preferred stock (present
$1,000,000
issue §000,000); also $2,000,000 5 p. c. 30-year bonds, of
which $575,000 now to be issued, $625,000 reserved to retire
bonds of subsidiary companies and $800,000 reserved for
future improvements.
The company will control the street
railway, 12 miles, and all the commercial electric-lighting,
gas and steatn-heating business of the city.
The street
railway franchise does not expire until 1924, the steamheating franchise in 1922 and the gas franchise in 1916.
Population 28,000. The merger provides about $300,000 for
improvements and additions. Stone & Webster estimate
the earnings for 1905 and 1906 as follows:
Oper. expenses.
Year
Gross.
Net
Charges. Bal., sur.
1905
$225,000 (65%)$126,250
$78,750
5%
—
270.000 (60%) 162,000
108,000
$63,000
$45,000
See page 68 of our "Street Railway" Section and V. 80,
p. 234S.
Pennsylvania Company. Called Bonds. Gold 3% P- c
certificates of 1901 to the amount of $1,334,000 have been
called for redemption and will be paid at par on Nov. 1 at
the Girard Trust Co., Philadelphia.— V. 81, p. 1044.
Pittsburgh Cincinnati Chicago & St. Louis Ry. Called
Bonds. Jeffersonville Madison & Indianapolis RR. bonds of
1866 to the amount of $13,000 will be paid at 110 and interest
on presentation at the Farmers' Loan & Trust Co., interest
ceasing Nov. 3.— V. 81, p. 32.
Presidio & Ferries RR., San Francisco.
Called Bonds.
The California Safe Deposit & Trust Co. of San Francisco
will pay on Nov. 15 the following bonds, viz.: Nos. 3, 28, 44,
62, 70, 76, 79, 82, 93, 98 and 127.— V. 81, p. 265.
Quebec Central Ry. Listed in London. The London
Stock Exchange has listed 19,352 shares of £25 each of the
capital stock, fully paid (Nos. 1 to4,708 and 13,151 to 27,794)
V. 80, p. 998.
Rockford Belt Ry. Bonds. This company has made
a mortgage to the Illinois State Trust Co. of East St. Louis,
as trustee, to secure an issue of $1,000,000 5 p. c. gold bonds
of $1,000 each, dated Sept. 1 1905 and due Sept. 1 1945,
but subject to call on Sept. 1 1915 (and presumably thereafter) at 107.
All these bonds and all the capital stock,
authorized issue $1,000,000, will, we are informed, be acquired as issued by the Illinois Iowa & Minnesota Railway
Co., of which the Rockford Belt Ry. is a subsidiary concern.
The bonds are not to be marketed, but "all will be lodged
in the treasury of the I. I. & M. Ry."— V. 80, p. 2459.
Sacramento & Lake Tahoe Ry. Mortgage. This company, incorporated in California last September with $7,500,000 capital stock, to build and operate a railroad from
Sacramento via Folsom and Placerville to Lake Tahoe, 125
miles, with a 40-mile branch to Newcastle and Auburn,
has called a meeting of its shareholders to be held in the Safe
Deposit Building, San Francisco, on Nov. 20 to authorize
a bond issue of $5,000,000.
John A. Black is Secretary.
1906..
—
—
-
—
—
—
—
—
—
—
—
—
—
—
Incorporators:
Chas. Wesley Reed, W. S. Graham, Leo Alexander, Thos. H. Nicholls,
If. Swift, T. O. Sadlier, E.
F. Baas, John A. Black and B. G.
Minneapolis & St. Louis RR.
Xew Director. James N. Raybould.
San Pedro Los Angeles & Salt Lake RR. Allied Roo
W allace of New York has been elected a director to succeed
See Las Vegas & Tonopah RR. above.— V. 80, p. 191 1.
Edward Langdon. V. 81, p. 1100.
Sierra Ry., California.
Leased Line Bonds. See YoNew York Susquehanna & Western RR. Report. The
—
le
r—
—
Grogs.
Oth.
$962,843
1,109,812
—
&
Norfolk
J.
Southern
Perry
President and
and
H. Coll
—
—
year ending June 30 were:
1904-05
$2,743,135
1903-04
2,659.790
V. 80, p. 712.
Mar-den
—
Win
of
L.
RR.— New
Providence, R.
Bull
and
inc.
P. 8.
Bal.,*ur.
'
$40,166
49,903
$910,494
942,928
—
—
of
New York
Alliance.
has been elected
Officers
I.,
$92,515
216,787
Gannon
Providence have been elected directors.
Mr Perry i- President and Mr. Cannon is Vice-Pr< ridei
the Atlantic & North Carolina lilt. .which extends from toldsboro, \. C., via New Bern to Beaufort, X. C, 95 miles.
The construction of a line from Washington, N. C, bo '•
distance of 32 miles, would connect ti.
as.
S.
i
f
I
— V.
i
80, p. 2622, 2345.
—
—
4%
—
—
—
Trenton Pennington & Hopewell Street Ry. Co. GvaranBonda Offered.
W. E. R. Smith & ('•>.. No. 20 Broad
are offering at 105 and interest the unsold portion of
L903,
1350,000 firsl mortgage
p. .-. -old bonds dat< d .hue
due June
1943.
The property is leased to the Trenton
Street Ry. Co., which i- controlled by United Power &
President John I.
Transportation Co. of Philadelphia, Pa.
Rjgg on June (i 1005 wrote:
.",
i
1
—
& Western Ry. A
ctors.
John B.Thayer
and Vice-Preaidenl W. G. McDowell have been elected
director-, to succeed 8. M. Prevost, deceased, and N. Parker
Bhortridge, resigned.—V. si, p. 912, 896, 665.
Pacific Gas & Electric Co., San Francisco.
Consolidated
Company. This company wag incorporated in California on
Norfolk
Jr.
—
—
Wednesday with $30,000,000
—
—
semite Short Line Ry. below.
V. 81, p. 212.
Springfield (Mass.) & Eastern Street Ry.
The
Lease.
shareholders will vote to-day on a proposition to lease the
property to the Springfield Street Railway Co. (controlled
by the Consolidated Railway Co.) for a term-, it is supposed,
of 25 years at a rental rumored to be
on the stock. V.
74, p. 1356.
Springfield (Mass.) Street Ry.
See Springfield &
Lease.
Eastern Streel by., above.— V. 80, p. 1480.
Trent,,,! io and
la about 13 mile, m length, extending from
n tire cap
Hopewell,
J.
Municipal franchises perpel tal
"" J "rie 2
lock ($260,000) owned i>
Trenton St. Ry.
trenton
Underterm
1903 leased entire property for 099 yeai
men! on each bond,
si
kv
~
a h
Kv.Co.
P
the payment of the principal and lnteresl ot the
The road
tlironeii
authorized
capital
stock
i
'•
I
.
of
V
.
i
i
!
L^OL LXTJ1
THE CHRONTCLE
mortgage
statement
$350,000
No
Report. — For the year ending June 30 results were:
we
Year
about
Trenton (N.
Street Ry. —Guaranteed Bonds. — See Tren—
ton Pennington & Hopewell Street Ry. above. — V. 76,
Yosemite Short Line Ry. —Bonds. — This company, which
1086.
was incorporated
with $1,250,000 capital stock,
Union Pacific RR. — New Director. — P. A. Valentine of
to build an extension
70 miles into the Yosemite Valley
1176
first
separate
of
5 p. c. gold bonds.
earnings is given, but
estimate that for the current year they will
gross, $25,000 net, $6,500 surplus.
be
840,000
J.)
p.
Net.
Other Inc.
$2,276,547 $41,234
2,123,737
50,008
Grose,
1904-05
$6,650,884
1903-04
6,466,176
V. 81, p. 842.
Bat., Sur.
Charges.
$1,761,937
1,749,498
$555,844
424,247
in June; last
Chicago has been elected a director to succeed James H.
Hyde.— V.
81, p. 266.
United Railways & Electric Co. Called Bonds. All the
outstanding $11 ,000 first mortgage bonds of the Baltimore &
—
—
Northern Electric Ry. have been called for redemption on
Nov. 1 at 110 and interest.— V. 81, p. 32.
Utah Light & Railway,
—
of
for
the Sierra Railway Co. of California, has made a mortgage to
the Central Trust Co. of California, as trustee, to secure an
issue of 4J^% bonds, dated Sept. 1 1905 and issuable at the
rate of $12,500 per mile.
The road will be leased to the
Sierra Railway (Jo.
V. 81, p. 213.
—
—
Lake City. Earnings. ExINDUSTRIAL, GAS AND MISCELLANEOUS.
change of Underlying Bonds. The Gas, Water & General
Alaska Packers' Association. Circular Respecting SusInvestment Trust, limited, 251 Winchester House, London,
E. C., in a circular offering to the holders of the 4% bonds of pension of Dividends. The stockholders have received a
the Utah Light & Power Co. the privilege of exchanging the circular, dated Sept. 28, stating that it "is now deemed
same on the basis of two bonds, par $500 each, for one $1,000 prudent to forego the payment of further dividends until
such times as the return to normal market conditions may
new 5% consol of the Utah Light & Railway Co., says
Salt
—
—
:
Earnings
for calendar year
1904
Gross.
Tramway system
Electric light, gas
Net.
$630,275 $334,428
635,528 423,891
and miscellaneous
Total
$1,265,803 $758,319
—
Deduct
General expenses
Fixed charges, including interest on bonds and taxes
$ 66 ,352
356,331
$335,636
maintenance, reserve, dividends. &c
being very conservatively managed, and proposes to
appropriate out of surplus earnings, after providing for all fixed charges, a
sum equal to 20% of its gross earnings to improvements, maintenance,
depreciation, and redemption of improvement notes, before paying any
dividend upon its preferred stock. In accordance with this decision the
company for the year 1904 applied $262,607 to reserve and maintenance,
there being no improvement note obligations in respect of that year, and
$80,000 was appropriated to the payment of dividends upon the pre-
Balance surplus
?^The company
for
is
ferred stock.
For the first six months of the current year the company's gross earnings show an increase of $54,111 as compared with the same period of
1904, while the operating and general expenses remain at practically the
same figure as last year.
The exchange of bonds is to be made in'New York not later
than Dec. 31 1905 (the new bonds to carry the coupons due
Jan. 1 1906) and in London not later than Nov. 30.
V. 81,
p. 900, 669.
—
—At
—
again place the association in position to render to its stockholders the satisfactory returns on their investment which
they have been accustomed to receive during the past
twelve years." The directors are hopeful that this time
"may not be very long delayed." The dividend for September, being the 141st consecutive monthly dividend,
was paid as usual, making the aggregate amount distributed in dividends since the organization of the corporation
in 1893, $5,469,382.
The circular further says in substance:
During the past two years the Association has been compelled to
carry over an unusally large surplus of canned salmon.
It was hoped
that the natural increasing demand throughout the world would correct the depressing effect of previous over-productions, but this result
did not occur, and the market continued sluggish until Aug. 24, when
a heavy reduction in price of Alaska red salmon was made by the Association.
This had the immediate effect of moving the surplus stocks
into consumption, and while the price was necessarily low, the volume
of sales has been phenomenally large, insuring an enormous reduction
of stocks, although at the expense of immediate profits.
While very large sums have been expended in the past five years for
betterments, additions and improvements, no further extraordinary
expenditures are now required or contemplated. V. 81, p. 1101.
.
American Glue Co.
Lyman, a member
— New
—
Officers.
— On
Oct. 6 Jesse P.
committee and formerly
President of the National Packing Co. and of the Hammond
Glue Co., was unanimously elected President to succeed
John R. Morton, who resigned because of the pressure of
other duties, but remains a member of the executive committee.— V. 81, p. 509, 505.
American Malting Co. Time to Deposit Extended. The
time for the deposit of stock with the Standard Trust Co. of
New York, depositary, under the plan of readjustment
A majority
(V. 81, p. 266,) has been extended to Nov. 1.
See advertisement on
of the stock has been deposited.
of the executive
the
Wabash RR. Govld Interests Carry Election.
meeting of the debenture stockholders in Toledo this week
to elect their six representatives for the board of directors
(which has 13 members), the interests represented by Mr.
Gould cast some 228,510 yotes against 31,840 votes cast by
Mr. Ramsey. The claim of Mr. Ramsey that he should be
allowed to vote by the cumulative method, which would
have given him 192,049 votes, was disallowed.
At the stockholders' meeting later in the day the Gould
interests elected their ticket.
The board now stands as another page.— V. 81, p. 842, 266.
follows:
The company has
Sale of Bonds.
Central Leather Co.
Representing Debenture Bonds.
Thomas H. Hubbard, E. T. Jeffery, sold to Kuhn, Loeb & Co. $3,000,000 first lien 20-year 5%
John T. Terry, Winslow S. Pierce, R. M. Gallaway (new), and E. T.
gold bonds to provide in part for purchase of N. R. Allen's
Welles.
Sons Co., L. Beebe & Sons and Cover & Drayton, which have
Representing Stock.
S. C. Reynolds, G. J. Gould, Russell Sage, W. B.
Landers (new), R. C. Clowry (new). Wells H. Blodgett (new).
been acquired for about $8,750,000 since the Central Leather
Representing Both Classes of Securities.
Fred A. Delano (new.)
(See V. 81, p. 779, 560, 213, and compare
Co. was formed.
Vice-President Delano on Oct. 5 was elected President to V.
This will make $31,080,000 of the first lien
81, p. 504.)
succeed Mr. Ramsey and has since been elected for the 5s outstanding. The total authorized issue is limited to
ensuing year.— V. 81, p. 900, 669.
$45,000,000.— V. 81, p. 779, 728.
Proposed New ComWestern Pacific Ry. Acquisitions. A deed has been reCitizens' Gas Co. of Indianapolis.
corded transferring to this company the terminal rights, pany. This company is to be incorporated shortly with
depot sites, etc., of the Marysville & Susan ville Ry. Co. of $1,000,000 authorized stock in $25 shares to take over the
California for a consideration stated as $500,000 stock in the 60-cent fuel gas franchise recently granted to A. F. Potts,
Western Pacific. The Marysville & Susan ville Railway Co. F D Stalnaker and Lorenz Schmidt and bid for the property
was incorporated in April 1904, to build from Marysville, of the Consumers' Gas Trust Co. when sold.
Cal., via Susanville, to the California-Nevada State line.
The trustees, who will serve for
Trustees and Directors.
V. 81, p. 900, 778.
life (any vacancies to be filled by the remaining trustees)
and the first board of nine directors, who are to be chosen
Willimantic (Conn.) Traction Co. Sale of Property.
the trustees, are announced:
This company's property has been sold to the Consolidated annually by
Trustees Thomas H. Spann, W. D. Cooper, Lucuis B. Swift, Thomas
Railway Co., the trolley subsidiary of the New York New L Sullivan and George G. Tanner.
Directors Frank D. Stalnaker, Franklin Vonnegut, Albert E. MetzHaven & Hartford RR.— V. 80, p. 2221.
—
—
—
—
—
—
—
—
—
—
—
.
,
.
—
—
—
—
Wiscasset Waterville & Farmington RR. Temporary Receiver.
At Augusta, Me., on Oct. 7, Associate Justice W. P.
Whitehouse of the Supreme Court appointed W. D. Patterson of Wiscasset as temporary receiver of this company upon
petition of its President and General Manager, G. F. Farley.
The receiver, it is stated, is authorized to issue 500 receiver's
—
—
—
H. Badger, Henry
ger, Charles
Kahn, James L. Keach, E. H. Eldridge,
Lorenz Schmidt and Alfred F. Potts.
J. Marott has subscribed for $100,000 stock and
smaller subscriptons have been received.
many
Consolidation Coal Co. Bonds of Subsidiary Company.
See Pittsburgh & Fairmont Fuel Co. below.
V. 80, p.
See Somerset Coal Co. below.
Acquisition.
certificates.— V. 73, p. 392.
1177.
i
Wisconsin Central Ry. New Directors.— Newman Erb of
Coal Co., Maryland. See Somerset Coal Co.
Consolidation
New York, and G. M. Cumming, President of the United below.— V. 80, p. 1361.
States Mortgage & Trust Company, New York, have been
Five per
Called Bonds.
Curtis Company, Philadelphia.
elected directors to succeed Francis R. Hart and Joseph S.
cent bonds of 1900 due Oct. 1 1920 to the amount of $23,000,
Dale of New York.
have been called for redemption at $1,050 per bond and ac
Proposed Line to Duluth. Notes. The annual report,
crued interest to Oct. 15 1905, payable at Girard Trust Co.,
to be cited fully another week, states that the company has
Philadelphia, trustee. The numbers of the called bonds
arranged to build a 112-mile extension from Ladysmith to
range from 43 to 486.
Superior and Duluth under the charters of two subsidiary
The
Description of New Plant.
Detroit Edison Co.
companies, the Owen & Northern Ry. and the Lake Superior
contains an illustrated articompanies, whose entire share capital "Engineering Record" of Oct. 7
& Southeastern RR.
cle describing this company's new steam turbine power plant,
is owned. An issue of $5,000,000 of Wisconsin Central 5rated capacity of
July 1905 has been authorized, the initial installation of which has a total
gold notes dated
year 4
12,000 k. w.— V. 81, p. 33.
with the securities of these subsidiary companies as collateral,
Forsyth Automatic Air & Steam Coupler Co. This
Of these notes $1,000,000
in order to finance the enterprise.
has been pledged to secure a temporary note for a like company, incorporated in Arizona in 1903, is capitalized
Directors: C. M.
for $1,000,000 (par $100); no bonds.
amount due Apr. 1 1906.
George
—
—
—
—
—
—
—
—
—
—
—
—
%%
—
.
.
Oot.
U
THE CHRONICLE.
19(»5.i
Favorite, President; J. E. Forsyth, Vice-President; W. H.
Office,
Dyrenforth, .1. C. Shaffer, Charles H. Wacker.
"The Rookery," Chicago. "The company receives a
royalty from the New York Air Brake Co., which niaiuiacturi. all the devices and is at present employed in equipping various railway companies in the United States with
Stock has recently been Belling at 52 J^."
this coupler.
Small Brothers a Co., Investment Securities, Chicago, say:
The device is all metal, and tlio connections are made by mm able joints,
and its function is to practically displace the present rubber hose connec-
Kroni data compiled lor the
which jeopardize so many lives.
injuries a day and 5 deaths a week resulting from
>ear 1904. there were
The company's couplers are used on many of
coupling accidents alone.
the large railroad systems, as Chicago A Alton, New York Central, st.
MichiLouis A San Francisco, Chicago A Eastern Illinois, Wisconsin
gan, and the system excavating the Panama Canal, and many others.
tl) a
Its chief claims for general use are in the following economies:
saving of 90 per cent in maintenance in favor of Forsyth over any other
saved on making up trains and dropping cars;
coupler; (2) time and labor
(3) saving in accidents to employees which railroads have to pay for; (4)
bursting of hose causing damages and delays: (5) no "buckling" accidents.
tions,
Inter-State Telephone Co., New Jersey. -^Reorganization.
interest due July
on the company's bonds
being in default, a committee composed of R. E. Wright,
Allen town, Pa.; Chairman; W. II. Smith Jr. <>f Jeddo, l'a.,
Secretary; A. ('. Bake well, New York; William S. Hancock,
Trenton and Geo. X. Kcicliard, Wilkesbai re, l'a., has presented the following plan:
A new company will be formed to purchase at foreclosure
sale or otherwise the entire property and franchises and will
Plan.—The
—
—
—
Fiscal
year
Prof, of sale
of bullion.
Other
income,
1904-05
1903-04
$2,974,120
1.782 960
$26,389
14 804
—
Administr.
Interest,
discount etc
expenses,
,
$107,315
159.139
$87,807
164 366
Net
profits.
$2,805,387
1.474.259
During 1904-05 dividends amounting to $1 ,641 ,600 (19 p. c.)
were paid, against $518,400 (6 p. c.) in 1903-04, leaving
a surplus for 1904-05 of $1,163,787.— V. 81, p. 1045, 729.
Harbison -Walker
—
Refractories Co. Preferred Dividend
The preferred dividend, which
Restored to Maximum Rate.
July 1904 was reduced from 1^ to 1 p. c, quarterly, has
been restored to the former rate. The preferred shares,
being cumulative, are entitled to receive the 2Y P- c. of
2
dividends in arrears before any payment can be made on
V. 79, p. 2694.
the common shares.
—
—
—
—
1
,
issue securities as follows:
mortgage 5 p. c. bonds running 20
(if company at
the end of Bve
Interest da\ within n period of five years
Issuable a1 so p. e. In return for
l'lrst
option
($353,060)
.v.
Greene Consolidated Copper Co. New Directors. Eugene
N. Foes, H. C. Hulbort, Thos. P. Wilson, Governor I!. A.
Woodbury, L. D. Baldwin and A. Bleeoker Banks have been
elected directors to fill vacancies and to succeed James Philippe Jr.. W. V. S. Thome and Edward B. Tustin.
The report for the fiscal year ending July 31 1905
Report.
shows:
1177
To redeem July
l'JOft
t
or 30 yearH but redeemable .it
years and on any seinl-unneal
thereafter at 105 and Interest.. Sl.OOu.OOO
15 p. c. assessment
$441, 1st
coupons ($50.ooo)._
62,500
Issuable (nt SO) for 4 years' Interest, July 1 11)01 to
July 1 1905. at 5 p. c. on $400. i , i bonds paid for, but
not Issued
Issuable (at SO) for outstanding claims amounting to
100.000
50.000
about $40,000
346,313
Reserved for future Improvements at not less than 90 p. c.
General mortgage bonds. Income bonds for five years not cumulative
$4,000,000
and after that straight 5 p. c. bonds
$1,000,000
Reserved for eventual redemption of new first 5s
To be Issued, $ for $, for present bonds paying assess-
ment of 15 p.
For bonds paid
1.913,^00
e
but not Issued
"For use In floating first mort. bonds, for purposes of
redemption and for other lawful purposes"
for.
400,000
687.000
Capital stock
$600,000
To be Issued ratably to all holders of bonds, coupons, syndicate receipts and floating debt who may enter Into reorganization or as
may hereafter be determined
The holders of bonds actually Issued and to be issued, aggregating: $2,313,000,
and of floating debt, agRrcKatlnc about $40,000, are to pay an assessment of 15 p. c.,
amounting In the aggregate to $352,950. This cash Is to be disposed of as follows:
(a) to redeem underlying bonds. $30,000; (b) for possible expenses of reorganization
and for use In the completion and Improvement of the plants. $322,950.
Statement of existing Indebtedness: Bonds actually Issued, $1,913,000; bonds
due. to be issued, which have already been paid for. $400,000; floating debt, approximately, $40,000: July 1905 coupons. $50,000; accrued Interest on $400,000 bonds
(paid for. but not Issued) for four years to July 1 1905. $80,000; underlylne bonds
(1'aterson Passaic & Suburban Telephone Co.), $30,000; total Indebtedness, $2,513,000.
Both series of new bonds are to be secured by one deed of trust, so drawn as to
make the first mortgage bonds a prior Hen as to principal and interest upon the
(1) All telephone exchanges, lines, franchises, etc., now
entire property, viz.:
owned or hereafter acquired; (2) $100,000 1st mort. bonds (V. 71. p. 867), and
20,553 shares of the capital stock of the Paterson Passaic & Suburban Telephone
Co.; (3) 293 shares of stock of Elizabeth Telephone Co.: (4) a two-fifth Interest In
the Camden & Atlantic Telephone Co.; (5) All the $6,000 1st M. bonds of the Bordentown Telegraph & Telephone Co. and 1,042 shares of Its pref. and 459 shares of Its
common stock; (6) also the following amounts of capital stock of other companies,
the same being in each case the entire outstanding capital, viz.: Enterprise Tele
graph 4 Telephone Co.. Mlllvllle, N. J., 200 shares; Millvllle Telephone Co.. 52}$
shares: Bridgeton Telephone Co.. 200 shares; Burlington County Telephone Co.,
490 shares: Atlantic Coast Telephone Co., 4,000 shares.
The capital stock will be held by the reorganization committee as voting trustees
for five years unless the trust be terminated by instrument in writing signed by
two-thirds of the voUng trustees.
Harper & Brothers. Financial Plan. The committee,
Alexander E. Orr, W.A.Nash, W. M. Laffan, Stephen
Practically 75% of the bondholders of the company, we
Baker and Augustine T. Smith, recommends the making
of new securities as follows: (1) $2,000,000 first mortgage understand, have already indicated their informal approval
The depositaries are the Lehigh Valley Trust
5 p. c. bonds of $1,000 each, of which $1,500,000 "to be of the plan.
sold or used in exchange to provide for the security of pre- & Safe Deposit Co. of Allentown, Pa., and the Mercer Trust
sent indebtedness and the cancellation of the present out- Co. of Trenton, N. J., etc.— V. 78, p. 771.
standing bonds" and $500,000 to be retained in the treasury
Journeay & Burnham. New President. J. A. Kohner
for future requirements.
(2) An issue of $1,000,000 of new has been elected President, succeeding Hugh Boyd, who
preferred stock, 6 p. c. non-cumulative, of which (a) $889,387 becomes Chairman of the board.
Mr. Kohner will act as
to be issued in exchange for outstanding income bonds at General Manager.
V. 74, p. 580.
rate of $100 new preferred stock for $200 of present income
Kennon Coal & Mining Co. Bonds Offered. Hayden
bonds; (6) $53,363 to be delivered to holders of income bonds
represent an additional 1 p. c. interest per annum for the Miller & Co. of Cleveland recently offered at par and interto
past three years; (c) $57,250 to remain in the treasury for est the unsold portion of $150,000 (total authorized issue)
future uses.
6% gold first mortgage bonds, of SI, 000 each, dated Jan. 1
Operations.
During the operation of the business under 1905, due $35,000 Jan. 1 1910, $50,000 Jan. 1 1915 and
the plan of Feb. 17 1900 (V. 70, p. 383) for the five shears $65,000 Jan. 1 1920, principal and interest (Jan. and July 1)
ending Sept. 30 1905 under the direction of President G. B. M. payable at the Citizens' Savings & Trust Company, CleveHarvey, the company, without being obliged to raise new land, trustee. The bonds are redeemable at 105 and interest
capital, has prospered sufficiently to pay out in cash, in on any interest date on 30 days notice in the order of numA
addition to the disbursements required in operation of the bers, not less than $10,000 to be called at one time.
business the sum of $903,179 as follows: Authors' royalties sinking fund of five cents per ton of "run of mine" coal
accrued under old company, $51,139; taxes accrued under mined must be paid to provide for the principal and interest
old company, $77,339; other indebtedness of old company. of the bonds, the company guaranteeing that the aggregate
$154,531; additions to manufacturing plant, $200,134; inter- of these payments in every half-year during the life of the
est upon loans and income bonds, $420,036.
V. 79, p. 2207. mortgage shall not be less than $8,000, an amount which,
with interest at 3 per cent, is sufficient to provide for payHartford (Conn.) Electric Light Co. New Stock. The ment of interest and principal when due. Capital stock,
shareholders voted on Oct. 10 to increase the capital stock
$ 1 50 ,000 all of one class; shares $ 100 each
from $1,600,000 to $1,800,000. The new shares are offered
A letter from President J. P. Burton furnishes the followviz:
—
—
—
—
—
—
—
—
—
,
at par ($100 per share) to stockholders of record Oct. 11 to
the extent of one share for every eight shares of their present
holdings respectively.
Subscriptions will be received at the
office of Richter & Co., Hartford Trust Co. Building, Hartford, from Oct. 11 to 12. m. Nov. 1.
The new certificates
will be issued Nov. 6 when payment in full must be made.
The stock has been paying dividends at the rate of 8% per
annum quarterly in February, etc. V. 80. p, 2462.
—
Hudson River Power Transmission Co., Mechanicville
Y.— Bonds Offered.— E. H. Gay & Co. recently
,
N.
offered at 99 and interest $245,000 5 p. c. refunding mort5 age gold bonds of SI, 000 each, dated June 15 1905, and due
une 15 1935, without option of prepayment. Coupons due
April and Oct. 1 at Knickerbocker Trust Co., trustee, New
York (first and last coupons $14.58 and $10.42 respec-
—
Capitalization:
Capital
stock,
total
$750,000;
bonds outstanding, $950,000. Limit of issue of refunding
mortgage bonds, SI, 250,000, of which $650,000 in trust to
retire a like amount of outstanding bonds.
A circular says:
For the year ending Dec. 31 1904 the gross earnings were $132,IH5;
net earnings. $63,671; one year's interest on bonds, $34,000: surplus.
$29,671.
For seven months Jan. 1 to July 31 1905 gross, $100,636;
net earnings, $66,200; seven months' interest on bonds, $28,583; surplus.
$37,617. The plant, completed in 1900, is located at Mechanicvule, 9
miles above Troy, and has acapacity at present of 7,500 to 8,000 horse
power. It delivers its current to consumers over its own transmission lines.
The following public service corporations are supplied with power:
United Traction Co. of Albany, Troy, etc.: Municipal Gas Co. and Alhany
Illuminating Co., Alhany, N\ Y.: Troy Gas Co. and Beacon Electric Co..
Troy. N. Y. These last four companies supply the entire citie6 of Albany
and Troy with gas and electric lights.— V. 81. p. 34.
tively).
—
—
ing information:
Organized under the laws of Ohio. Owned by the same interests
holding the stock of the Burton, Beidler & Phillips Co., wholesalers of
coal; the Ridgway Burton Co. and the Eastern Coal Co., mine owners,
and the Treverton Coal Land Co., owners of anthracite coal lands. The
Burton, Beidler & Phillips Co. has made an agreement providing that
the Kennon Coal & Mining Co. shall give preference in supplying itB
demand for Pittsburgh No. 8 (bituminous) and Hocking coal. Owns the
Black Oak and Kennon properties in Flushing township, Belmont Co.,
Ohio, on the main line of the Cleveland division of the Bait. & Ohio RR.
and the Crescent property in Harrison township, Perry Co., Ohio, on the
Cincinnati & Muskingum Valley, Pennsylvania system.
Acreage,
2,976.50 of coal lands and 25.945'of surface.
Estimated value of coal,
acreage and surface, $210,635; improvements, $148,814; total estimated
value of property securing bonds, $359,440. Estimated annual profits on
basis of 10 cents per ton, $45,000; interest and sinking fund, $22,500;
balance, surplus, $22,500.
Secretary, W. R. Hier: Treasurer, G. A.
Hardgrove. Office. Citizens' Building, Cleveland, Ohio.
Kentucky
&
Ohio
Burley Tobacco
Growers Co.
—
Orincorporation at
Frankfort, Ky., on Sept. 26 1905, its authorized capital
stock being $1,500,000, of which one-half is to be 8 p. c.
cumulative preferred; par value of single share, $100.
The company is formed with the design of controlling the
white burley crop of the United States in opposition to the
American Tobacco Co. The growers in some thirty-four
counties of Kentucky and Ohio have subscribed $250,000,
on which 10 p. c. has been paid in. The directors arc:
ganized.
— This
company
filed
articles
of
Stuart. Cincinnati. President; William Adams. Cyntblana. ViceJ. 1 rcelander. Cincinnati, Treasurer; I). P. Berry. Lexington, SecreM. Illllcter. Grant County; H. E. Spllmnn. Cincinnati; Walter Sharp. BothCounty; Oeoree W. Davis. Owen County; J. W. Newman. Woodford I ountv. w. B.
Hawkins, Fayette County; J. W. Iluebes. Mercer Comity: Id. Rlcb'e, Cincinnati;
W. C. McChord. Washington County. Ohio: A. C. London. Brown (ountv. Ohio.
Archibald
President:
tary; S
W.
^^"
TTTT7
—
:liv
—
Maritime Coal & Railway Line. Bonds Offered. G. J.
Co., 205 St. James Street, Montreal, recently offered at 100 and interest $50,000 first mortgage 6% 30-year
gold coupon bonds, dated Apr. 1 1904, denomination $500
each, due Apr. 1 1934, principal and semi-annual interest
(Oct. 1 and Apr. 1) payable at the Eastern Townships Bank,
Authorized
Montreal; National Trust Co., Lim., trustee.
issue, $150,000; outstanding, of which the bonds offered are a
Sinking fund, 3 cents per ton of coal mined.
part, $100,000.
!•
Adams &
Incorporated by special Act of the legislature of the Province of Nova Scotia,
sanctioned Feb. 5 1904. Stock, an of one class, $2,000,000, all subscribed and
Holds under lease from the Government of Nova Sc.-tla,
paid up. In |$5 shares
the title having about 61 years further to run,about4 square miles of bituminous
coal land Irregular In shape, surrounding the post olllce of Chlgnecto, Cumberland
Co.. 2 miles northeast of Maccan station, on Intercolonial Hallway, the latter being
8 miles southeast of Amherst. N. S. The company has Its own line of railway,
about 214 miles In length, giving communication with the main line of the Inter-,
colonial Railway at Maccan, operating the same with one 45-ton locomotive, the
grade descending all the way from the mine to the I. C. Ry.. making it possible to
handle a large output therewith. It also owns 2,200 acres of freehold, of which a
portion has been set aside as a town site. "So far the company has been doing
nothing but development work. The coal taken out has been only that encountered
In sinking the 1,400 ft. slope. In opening the 1.000 ft. and 1,400 ft. levels, the Joining
balances and the bords. The pillars of coal which form the vast wealth of the
mine have not been touched, nor will they be until the development work of the
mine la completed. In spite of this the mine shows a net profit for the fiscal year
ending Feb. 28 1905 (the first complete year of productive operation under the
present management) of $34,703, which Is equal to nearly G times the required
amount of the Interest on the present outstanding bonds. For the month of June
1905 the balance sheet shows a net profit after all expenses are paid of $4,274, or
over 8 times the required Interest on the outstanding bonds." Present output,
about 50,000 tons a year; estimated tonnage owned ("minimum reserve"), 12,000.000
Directors: Hon. Wm. Mitchell, Senator. Drummondvllle. Que. (President);
tons.
N. Curry. Amherst, N. S. (Vice- President); Wm. Farwell (President Eastern Townships Bank). Sherbrooke, Que.; David Mitchell (Managing Director), Chlgnecto. N.
S. (Managing Director); L. E. Klropton (Manager Pennsylvania Coal Co.). Montreal.
—
—
Michigan Lake Superior Power Co. Settlement. See Lake
V 80,
Corporation under "Annual Reports."
Superior
p.
1858.
—
—
—
National Fire Proofing Co. No Dividend Declared.
A press dispatch from Pittsburgh states that the directors
on Thursday decided not to declare a dividend at this time
on the $7,953,150 preferred stock (7%, non-cumulative).
Dividends on the common stock were suspended in 1903.
quarterly from October
The preferred received its full
1900 to July 25 1905 inclusive. Delay in obtaining a satisfactory offer for the $2,500,000 guaranteed bonds of the
Federal Clay Mfg. Co. (V. 80, p. 2223,) is thought to explain
the failure to declare this week the usual preferred dividend
for November.— V. 81, p. 268, 215.
1%%
Independent Telephone Co. Further Data.
This company, which is to be the Eastern end of the United
States Independent Telephone Co. (see that company below),
proposes to "install a plant with a present capacity of 225,000
'phones and an ultimate capacity of 750,000 'phones for
New York City and the tributary districts which environ it.
The company claims to have a franchise granted to the
Mercantile Electric Co. (whose stock it controls) by the
Board of Aldermen of New York City in June 1894. This
franchise, it is asserted, is similar in terms to that held by
the New York (Bell) Telephone Co., and under it a system
of cables and wires, extending through portions of Broadway, Wall, Cortlandt, Cedar, Pine, Nassau and Broad
streets, has been laid and used in connection with burglaralarm business. An official statement says:
The appliances of the company have been used In connection with
burglar-alarm business and are adapted to and have been used for telephone purposes. We are required to use the ducts of the Subway Company unless this restriction is removed by the city. On the other hand,
the charter of the Subway Company requires it to construct subways for
us on our putting up a bond to cover the expense of building the conduits
applied for, and to rent them to us at rates fixed in the Subway Company's charter. V. 81, p. 1104.
—
New York & New
—
Jersey
(Bell)
Telephone Co.
— New
Stock.
The shareholders will vote Oct. 25 upon a proposition
to increase the authorized issue of caDital stock from $15,000,000 to $50,000,000, to provide from time to time for
improvements and additions. V. 80, p. 2397.
—
VOL. LXXJI.
—
—
North American Co. Bonds of Subsidiary Co. Offered.
See West Kentucky Coal Co. below.
V. 81, p. 1046, 563.
Oklahoma Gas & Electric Co.— First Dividend. A quarterly dividend of l}4% has been declared on the preferred
stock payable Oct. 10 to stockholders of record Oct. 9
The
company is under the direction of H. M. Byllesby & Co.
—
V. 81, p. 617, 215.
Pacific Coast Co.
— Increase
in Dividends.
—The
directors
on Wednesday declared with the usual distribution on the
1^%
a quarterly dividend of
upon the
stock ($6,738,800; and also upon the second preferred stock ($3,904,200), payable Nov.
1905 to holders of
record on Oct. 17.
This is an increase in the dividend rate
for these stocks from
per annum, as paid regularly since
late in 1902, to 6% per annum.
The first preferred is
limited to 5% yearly, but after
has been paid on the 2nd
preferred and common, these latter stocks are entitled to
share equally.
New Director. James N. Hill, son of J. J. Hill, has been
elected a director to succeed Daniel S. Lamont, deceased.
Report.
The results for the year ending June 30 were:
first
preferred,
common
1
5%
4%
—
—
Other inc. Charges. Divs.
Bal.,sur.
Year.
Gross.
Net.
1904-05 ...86,199,276 $1,333,115 827,624 $251,493 $626,250 $482,996
1903-04 ... 5,902.972
1,185,029 45,432 251,097 626,250 353.114
1902-03 ... 5,606,754
1,211.978 44,378 261,919 626,250 368,187
Dividends above include 5% yearly on each of the three classes of
stock, viz., on first pref. 876,250, second preferred $200,000 and
common stock 8350.000.— V. 79, p. 2098, 2083
—
Paterson Passaic & Suburban Telephone Co. See InterV. 71, p. 867.
State Telephone Co. of New Jersey above.
Pittsburgh & Fairmont Fuel Co. New Mortgage. This
company, controlled by the Fairmunt Coal Co., and so by
the Consolidation Coal Co. of Maryland, has taken up its
$1,300,000 of 30-year gold 5s due July 1 1933, and has made
a new mortgage to the United States Mortgage & Trust Co.,
trustee, to secure not exceeding $1,300,000 first mortgage
gold 5s dated July 1 1905. These bonds will mature July 1
1935, but are subject to call at 110 at option of company on
any interest day. V. 80. p. 1478.
—
—
—
Quemahoning Valley Mining Co.
—
—Sold. — See
Somerset
Coal Co. below.
— —Richmond -Washington Co. —Offering andGuaranteed Bonds.
Lee, Higginson
New York
Clark, Dodge & Co.
and
by
Boston are offering at
—
New York
i
—Bonds Offered. — O'Connor
of
of
interest,
& Co. of
103 J^
advertisement on another page, the unsold portion of their
block of $2,000,000 collateral trust mortgage 4% gold
bonds, series "C," due June 1 1943, and subject to redemption on June 1 1910, or on any subsequent interest date at
105 and accrued interest. The principal and interest of
these bonds are jointly and severally guaranteed by endorsement on each bond by the Pennsylvania RR., Baltimore &
Ohio RR., Chesapeake & Ohio Ry., Southern Ry., Atlantic
Coast Line RR. and Seaboard Air Line Ry., in whose joint
interest the Richmond- Washington Co. controls the railroad
between Washington, D. C, and Richmond, Va. The total
authorized issue under the mortgage is $11,000,000; the
amount now outstanding is $8,500,000. President Samuel
Rea on Oct. 6 wrote:
The $8,500,000 bonds issued are secured by a majority of the voting
capital stock of the Richmond Fredericksburg & Potomac RR. Co.,
having a par value of 8947,200, and all of the outstanding general mortgage 3}4 P- c. bonds of that company, having a par value of 82,300,000;
also by the entire outstanding capital stock and first mortgage 4% bonds
of the Washington Southern Railway Co., having a par value of 83,563,000 and 83,562,000 respectively. The proceeds of the $2,000,000 bonds
sold to you are to be used to enable the Washington Southern Railway
Co. to complete the improvement and double-tracking of its line and to
The capital stock
construct a large freight yard near Alexandria, Va.
of $2,670,000 of the Richmond-Washington Co., which was fully paid
companies. Diviin cash, is owned in equal shares by the six railroad
dends since incorporation in 1901 have been 3 p. c. in 1902 and 4 p. c.
since that time.
See form of guaranty, etc., in V. 77, p. 2391.— V.78,p. 1393.
San Diego Consolidated Gas & Electric Co. Dividend.
Kahler, No. 49 Wall St., are offering at 102 J/£ and interest
a block of the "first and general mortgage," 5% gold bonds, This company, which is operated under the direction of
dated Aug. 1 1904, and due Aug. 1 1934, but callable at 110 H. M. Byllesby & Co., has declared a quarterly dividend of
on tn e preferred stock, payable Oct. 10 to stockholders
and interest. Total authorized issue $1,000,000, of which
Compare V 81 p 1046 36
of record Oct 9
reserved, under restrictions, for future extensions, $300,000;
present issue, $700,000. Capital stock $600,000.
San Francisco Gas & Electric Co. Consolidated Company.
President Frank Tilford on Sept. 7 wrote:
See Pacific Gas & Electric Co. under '"Railroads" above.
This company possesses, by merger, all the property, rights and fran- V.81,p. 1046,844.
chises theretofore owned by the Newton & Flushing Gas Co.
These
Iron Co. Application to List.
New York & Queens Gas
&
Co.
—
—
1M%
.
.
.
—
'
franchises cover Flushing, College Point, Whitestone and Bayside,
being the present Third Ward of the Borough of Queens. There is no
other gas company within this territory. The franchises are perpetual,
except those for Whitestone and that portion of the old town of Flushing
outside the limits of the several incorporated villages, which franchises
remain in force or are renewable until 1947. The gross sale of gas for 12
months ending July 31 1905 were 81,866,300 cubic feet as compared
with 72,242,100 cubic feet for the preceding year. The earnings, after
paying all operating expenses, including taxes, are largely in excess of the
interest on the bonds issued.
There are in use 45 miles of street mains
and 3,109 meters. The company is extending its mains into Bavside,
and the streets already contracted for will supply about 200 additional
consumers. It has also recently connected 175 city lights in and around
College Point, heretofore maintained by naphtha.
The bonds are an absolute first mortgage upon a substantial portion of
the property, including the College Point section, and is also a first
mortgage upon all the balance of the property, rights, assets and franchises owned or hereafter to be acquired, subject only to a prior mortgage
of the former New York & Queens Gas & Electric Co. now under process
of retirement, of which only 878,000 remain outstanding.
The principal
and interest of these last-named bonds have been assumed and guaranteed by the New York & Queens Electric Light & Power Co., for the
retirement of which an equal number of the latter's bonds are retained
by the Union Trust Co., as trustee.
Frank Tilford, President Standard Gas Light Co., of New
Directors.
York; Harrison E. Gawtry, Chairman of Cons. Gas Co., of New York;
Lewis B. Gawtry, Vice-Pres. Consolidated Gas Co., of New York; Henry
R. Wilson, President Lincoln Trust Co., New York. V. 79, p. 2151.
,
—
—
Sloss-Sheffield Steel
&
,
—
.
,
—
—
The New York Stock Exchange has been requested
to list the
stock recently issued as a
$2,500,000 additional common
stock dividend of 33 1-3% to the common shareholders,
making the total listed $10,000,000. See V. 81, p. 901.
Somerset Coal Co. Acquisition. This company, controlled by the Consolidation Coal Co. of Maryland, has purchased the property of the Quemahoning Valley Mining Co.,
including, it is said, some 1,700 acres in the Jenner field of
the Meyersdale region. The price is rumored to have been
$250,000 cash. The negotiations for the sale were conducted by the Somerset Trust Co., trustee for the holders of
V. 80, p. 1361.
the Quemahoning Mining Co. bonds.
New Stock. The
Springfield (Mass.) Gas Light Co.
stockholders at the annual meeting on Oct. 4 voted to petition the Massachusetts Gas & Electric Light Commission for
authority to issue new stock to an amount sufficient to proThe stock will be offered to sharevide for a new gas-holder.
holders of record at 2 p. m. Oct. 4 at a price to be fixed by the
Commission. The present stock is $700,000.— V. 81, p. 672.
—
—
—
—
Investment News Concluded on Pages 1191, 1192.
—
—
—
THE CHRONICLE
Oct. 14 1905.
—
TT7tT
Reports and ^Documents,
SOUTHERN RAILWAY COMPANY.
ELEVENTH ANNUAL REPORT— FOR THE YKAR ENDED JUNE
\,w York, October 2 1905.
Stockholders of the Southern Railway Company:
The President and Board of Directors submit the following report of the operations of the Company for the year
ended June 30 1905:
To
The total-mileage operated on June 30 1905 was
The total mileage operated on June 30, 1904 was
A
7,195.32
7,196.82
miles.
1.50
decrease of.
The average number of miles operated during the fiscal
7,198.99
year 1905 was
The a\ erage number of miles operated during the previous
L-
Brought forward
\ ard at Howell, near Atlanta, Ga., inducting Real Estate..
tiu-
MILEAGE OPERATED.
year was...
7,164.39
-
INCOME ACCOUNT.
Increase.
1904.
1905.
$
$
Gross Earnings from Operat*n_4S, 145, 108 15 45,109,777 34 3,035,330 81
Operating Expenses & Taxes,35,0S2,514 61 33,115,467 12 1.967.047 49
Net Earnings from Operation. 13,062.593 54 11.994,310 22 1,068,283 32
217.659 43
Income from Other Sources... 1,612,840 44 1,395,18101
30 1905.
$714,849 26
8305,659 65
572 35
New Vard at Qreenville, s. C
Second Main Track, Washington Division..
Second Mam Track, Atlanta Division
Second Main Track, Knoxville Division
Second Main Track. Danville Division
Second Main Track, Memphis Division
Second Track and Elevation of Tracks between Simpson and Mitchell Streets, Atlanta, Cia.
(Portion not charged to In-
258,1 tit) 28
171,001 69
29,093 90
65,191 49
6,809 37
come )
70.327 29
6.885 60
69.094 88
New
Freight Stations
Passenger Stations
New shop Buildings at Spencer, N. C, and
Atlanta, Ga
Additional Shop Machinery and Tools at
various points
New Water and Coaling Stations at various
points
\
.-.
'Y" Track
at Manassas,
403,693 94
52.308 48
83,432 23
3,937 86
Va
Interlocking System between Alexandria,
Va., and Orange, Va
Interlocking System at Boone, Va
Net Cost of Passing Tracks and Tracks to
Industrial Plants (Portion not charged to
56,714 86
6,535 34
Income)
Total Income
14,675,433 98 13,389,49123 1.285,942 75
and Rentals
9,290,433 41
Other Deductions from Income
233,368 57
Interest
8,952,328 58
338,104 83
256,762 73Dec.23,39416
9,523,80198
9,209,09131
314,710 67
Surplus Income over Charges. 5,151,632 00
4,180,399 92
971,232 08
Total Deductions
Dividends on Preferred Stock
No. 13, 2>$%. paid in April
1904; No. 15, 2H%, paid
in April 1905
1,500,000 00
No. 14, 2J^%, paid in October 1904. and Reserve for
Dividend No. 16, 2H%.
payable in October 1905. . 1 ,500,000 00
381,549 29
Miscellaneous Items
5,251 73
82,691.078 49
Total
—
Less
812,069 56
Real Estate sold
5,521 20
Tracks at Jesup, Ga.,sold
Expenditures on account of
Line, Stevenson, Ala., to
Chattanooga, Tenn., transferred to Memphis-Chatta17,053 51
nooga Railway
34,644 27
1,500,000 00
82,656,434 22
Net Increase during the year
1,500,000 00
The Cost
The Cost
of
of
Cost of Equipment.
Equipment on June 30 1905 was
819,811 ,066 85
Equipment at the close of the previous year was 17,766,789 03
3,000,000 00
3,000,000 00
Surplus over Preferred
Dividends
2,151,632 00
Special Appropriations for Im-
1,180,399 92
971,232 08
provements and
Betterments not to be Capitalized- 1,056,549 49
Net Increase during the year
The additions during the year consisted of
payments for new and additional equipment amounting to
82,044,827 82
773,806 38
282,743 11
Representing the cost of
Balance carried to credit of
1,095,082 51
L. Profit and Loss
406,593 54
688,488 97
Total Dividends
and Rentals.
The net increase in Interest and Rentals for the year,
amounting to $338,104 83, was chiefly due:
Interest
To
the sale during the year of 82,750,000 of First Consolidated
Mortgage Five Per Cent Bonds, and 8500,000 of St. Louis
Division First Mortgage Four Per Cent Bonds, the interest
8165,799 58
on which amounted to
To the difference in interest upon the 815,000,000 Five- Year
Five Per Cent Collateral Trust Gold Gonds. as compared
with interest for the year previous upon other securities for
which they were issued
To increased interest on Equipment Obligations
To increase in Atlantic and Danville Railway Rental.
Improvements and Betterments Not
_.
71,833 34
86,037 76
31,000 00
51 Locomotives,
23 Passenger Train Cars,
1,241 Freight Train Cars,
6 Road Service Cars.
Less
— Marine Equipment sold
The Balance standing
was
The Balance standing
1904 was
at Credit of Profit
All of these Stock Trust Certificates were issued upon the
deposit of a like amount of the Capital Stock of the Mobile
& Ohio Railroad Company with the Guaranty Trust Company of New York, Trustee.
FUNDED DEBT.
The Funded Debt outstanding on June 30 1905, as shown
by the Balance Sheet, Table 1, (including the following
bonds owned by the Company:
87,293,133 39
at Credit of that account
1,500,000
on June 30
6,162,898 37
500,000
Increase for the
fiscal
81,130,235 02
year ended June 30 1905
FINANCIAL CONDITION.
The Financial Condition of the Company at the close of the
year is shown in the Comparative Balance Sheet, Table 1.
Cost of Road.
The Cost
The Cost
of
of
Road on June 30 1905 was
Road on June 30 1904 was
8272,839,828 66
270,183,394 44
82,656,434 22
He\ Increase during the year
The Additions during the year were as follows.
Real Estate at various points
8142,010 01
Okolona-Big Creek Line in Mississippi
99,589 45
St. Louis Madison & Granite -City
Citv Railroad property
243,923 78
Jasper-French Lick Extension..
L6.600 61
Kw, Extension: Harrodsburg,
llle,
Kv., to connection with Cincinnati New
Orleans & Tex. Pac. Railway...
61,537 27
New Branches and .Spurs, Birmingham Di>n
19,714 17
New Branches and Spurs, Knoxville Division
57,878 83
Mtobfle Division
NewSpur>, Savannah
Division
to Mobile Junc-
Bessemer, Ala
tion, Ala
Cut-off,
44,02159
13,414 43
Railway First Consolidated Mortgage
Five Per Cent Bonds,
Southern Railway First Consolidated Mortgage
Four Per Cent Bonds, Series "B,"
Memphis Division First Mortgage Four and OneHalf- Five Per Cent Bonds...
Memphis Dvision Second Mortgage Five Per
Cent Bonds,
St. Louis Division First Mortgage Four Per Cent
SI, 127, 000 Southern
200,000
and Loss on June
Bonds,
500,000 Knoxville & Ohio First Consolidated Mortgage
Four Per Cent Bonds,
85,828,000), was
26,150 12
--- 8155,062,600
-
at the close of the previous year (including Southern Railway First Consolidated Mortgage and
Divisional Mort. Bonds owned by the Company) was...
The Funded Debt
—
The Additions During the Year were
Southern Railway Company First Consoli82,357,000
dated Mortgage Five PerCent Bonds
Issued for the following purposes
For Betterments
provements and
and
Im-
for the ac-
quisition of new property
as provided for in the Mort-
82,000,000
,
Upon
retirement of an equal
amount
of
Richmond and
Danville Equipment Sinking Fund Five Per Cent
Bonds
-
128,000
Upon retirement ol an equal
amount of Charlottesville
and
I
152,434,100
82,628,500
Net Increase during the year
First
,
85,670,200 00
Total outstanding on June 30 1905
2,001,000
30. 1905
82,044,277 82
Southern Railway-Mobile & Ohio Stock Trust Certificates.
85.632,600 00
There were outstanding on June 30 1904
37,600 00
There were isued during the year
not producing revenue.
PROFIT AND LOSS ACCOUNT.
550 00
Net Increase as above
to be Capitalized.
Improvements and Betterments not to be Capitalized consist of: reduction of grades and curvature, elimination of
grade crossings, new stations and other buildings, new
bridges for use of heavier motive power replacing others not
requiring renewal, and miscellaneous small improvements
82,044,277 82
Rapidan JRailroad
Mortgage Six
Bonds
10
° 00
I
I
THE CHRONICLE.
HO
The Reductions During
$2,357,000
Brought forward
Upon retirement of an equal
amount of Charlotte Columbia & Augusta Kailroad First Mortgage Five
Per Cent Bonds, Extended
Upon retirement of an equal
amount of Franklin &
Pittsylvania Railroad First
Mortgage Six Per Cent
$206,000
Miscellaneous Equipment Obligations
100,000
24,000
$2,981,000
Year Were
Richmond & Danville Equipment Sinking
Fund Mortgage Five Per Cent Bonds re-
$7,196,046 92
The total cost of new equipment purchased during the
year was $10,538,284 50, of which $1,328,616 90 was paid
in cash and equipment obligations issued for the balance
amounting to $9,209,667 60.
The equipment obligations created by Southern Railway
Company and outstanding on June 30 1905, amounting to
$14,986,344 66, represent unmatured balances on contracts
covering the following equipment, viz.:
553
21,325
196
62
4
$127,000
tired
Columbia & Augusta Railroad
Mortgage Five Per Cent Bonds Ex206.000
tended, retired
First
The outstanding securities of Leasehold Estates were
increased during the year by $775,000, due to the issue by
the Atlantic & Danville Railway Company on July 1 1904
of that amount of its Second Mortgage Gold Four Per Cent
Bonds. This issue of bonds is merely a readjustment of
securities by the Atlantic & Danville Railway Company
and does not in any way affect the obligations of Southern
Railway Company.
BONDS RESERVED FOR FUTURE IMPROVEMENTS.
On June 30 1904 there were unissued the following bonds
reserved for future improvements, viz.:
Southern Railway Company First Consolidated Mortgage
Bonds
Memphis Division First Mortgage Bonds
Memphis Division Second Mortgage Bonds
St. Louis Division First Mortgage Bonds
$5,900,000
2,717,000
1 ,000,000
3,250,000
Southern Railway Company Five- Year Five Per Cent Collateral Trust Gold Bonds
Knoxville & Ohio Railroad Company First Consolidated
Mortgage Bonds
1,000,000
500,000
$14,367,000
There were issued during the year for improvements made and to be made:
Souhern Railway Company First Consolidated
$2,000,000
500,000
100,000
Total issued during the year.
2,600,000
Balance reserved and unissued, in hands of Trustee, June
30 1905..
,
ing to
$14,986,344 66
7,790,297 74
There were outstanding on June 30 1904.
Net Increase during the year
$7,196,046 92
The Additions During the Year Were
Equipment Trust, Series "E," payable in
twenty semi-annual instalments, bearing
four and one-half per cent interest, last instalment due December 1 1914, Issued in
:
will
be retired during the next
fiscal year.
PURCHASED.
In order to anticipate as far as practicable the rail renewals
for the next three years, there were purchased during the
year 137,550 tons for use on the Company's lines and those
of certain subordinate companies. This anticipation was very
desirable in order to strengthen the important parts of
the system for the use of heavier motive power.
At it is the policy of the Company to charge all rail renewals to operating expenses, notes were issued in partial
payment for rail delivered, payable in regular equal instalments during a period of three years.
ADDITIONAL PROPERTIES, NEW LINES. ETC.
East St. Louis Madison & Granite City Railroad.
By deed dated December 14 1904 the East St. Louis
Madison & Granite City Railroad Company, reference to
which was made in the report for 1903, conveyed to Southern
Railway Company its railroad, properties, rights, franchises,
contracts and real estate, for a consideration of $243,923 78.
This property, after acquisition, was placed under the lien of
Southern Railway St. Louis Division First Mortgage.
Since its completion in 1903 the line has been operated as a
part of the St. Louis Division.
Danville, Ky., Extension.
extending from Harrodsburg, Ky., on the
Louisville Division, in a southeasterly direction 5.8 miles to a
connection with the Cincinnati New Orleans & Texas Pacific
Railway near Danville, Ky., has been completed. The opening of this line will, in connection with a trackage agreement
with the Cincinnati New Orleans & Texas Pacific Railway
Company, give Southern Railway Company an entrance into
Danville, Ky., and will materially improve the facilities for
interchange of traffic between the two lines as compared with
those heretofore used at Burgin, Ky.
line,
Arrangements have been made for extending the Jasper,.
Ind., branch on the St. Louis Division from Jasper, Ind., to
French Lick, Ind., a distance of about 24 miles. This line
when completed will form an important connecting link
between the St. Louis Division and the Chicago Indianapolis
& Louisville Railway, opening up additional markets for the
coal traffic and establishing new channels for the general
12 1909, issued in part
,000 Freight Train Cars
Equipment Contract, Series "G," payable in
sixty monthly instalments, bearing three
and one-half per cent interest, last instalment due February 7 1910, issued in part
426 ,600 00
traffic of
To
for
2 ,000 Freight Train Cars
Equipment Trust, Series "H," payable in
twenty semi-annual instalments, bearing
four and one-half per cent interest, last instalment due May 1 1915, issued in part
payment
which
UNMATURED OBLIGATIONS ACCOUNT OF NEW STEEL RAIL
Jasper-French Lick Line.
1
payment
All of
for
Passenger Locomotives,
Freight Locomotives,
Switching Locomotives,
$2,955,000 00
Freight Train Cars,
J
Equipment Contract, Series "F," payable in
sixty monthly instalments, bearing three
and one-half per cent interest, last instal28
57
35
2,500
ment due November
payment for
$14,986,344 66
Payments on Account of Equipment Sinking Fund Bonds.
Payments during the year on account of Richmond & Danville
Equipment Sinking Fund Mortgage Five Per Cent Bonds
amounted to
$131,655
At June 30 1905 there were outstanding Richmond & Danville
Equipment Sinking Fund Mortgage Five Per Cent Bonds
amounting to
126 ,000
This
There were outstanding on June 30 1905, as shown by the
Balance Sheet, Table 1 Equipment Obligations amount-
payment
Balance unmatured as stated
$11,767,000
EQUIPMENT OBLIGATIONS.
part
$24,940,909 00
9.954,564 34
$2,628,500
-
OUTSTANDING SECURITIES OF LEASEHOLD ESTATES.
Mortgage Bonds
Mortgage Bonds
Convertible Ballast Cars,
Passenger Train Cars,
Work Train Cars.
price of which was
Of which there has been paid to June 30 1905
$352,500
Mortgage Bonds
Locomotives,
Freight Train Cars,
The contract
19,500
Total Reductions
Net Increase in Funded Debt
68
$2,013,620 68
Charlotte
& Rapidan Railroad
Mortgage Sx Per Cent Bonds retired
00
00
00
00
00
00
00
Net Increase during the Year
Total Additions.
Charlottesville
$425,000
340,000
458,000
354,000
150,000
49,770
62,700
174,150
Total Reductions
$500,000
issued for Construction, etc
Southern Railway Company Memphis Division First Mortgage Four and One-HalfFive Per Cent Bonds issued for Construction and Improvements
Southern Railway Company Mobile & Ohio
isCollateral
Four Per Cent Bonds
sued to acquire an equal amount of MoCompany General
bile & Ohio Railroad
Mortgage Four Per Cent Bonds
St. Louis Division First
Memphis Division First
:
$9,209,657 60
of obligations as matured, viz.:
Car Trust Series "A"...
Equipment Trust, Series "B"
Equipment Trust, Series "C"
Equipment Trust, Series "D"
Equipment Trust, Series "E"
Equipment Contract, Series "F"
Equipment Contract, Series "G"
4,000
the
Year Were
Payment
Bonds
The Reductions During
the
Brought forward
Southern Railway Company St. Louis Division First Mortgage Four Per Cent Bonds
First
[Vol. lxxxi.
movement
Stevenson-Chattanooga Extension.
Plans have been made and some contracts awarded for
the construction of a line of railway from a point of connec-
19 Passenger Locomotives,
50 Freight Locomotives,
4,500,000 00
}
10 Switching Locomotives,
5,000 Freight Train Cars.
of which there were received and accepted
during the year
25 Locomotives,
586 Freight Train Cars,
Total Additions...
Woodlawn-Bessemer Cut-off.
of traffic of the Mobile Division
out of Birmingham, Ala., a new line or cut-off is
facilitate the
and
under construction between the Woodlawn-Bessemer Branch
and Mobile Junction, Ala., near Birmingham, 3.29 miles.
into
940,500 00
for
Miscellaneous Equipment Obligations issued
in part payment for new equipment purchased during the year, payable in monthly
instalments, final payment due October 12
1906, for
62 Passenger Train Cars...
the St. Louis Division.
tion with the Memphis Division, at Stevenson, Ala., to a
point of connection with this Company's line at Chattanooga,
Tenn., about 42 miles, provision for the cost of which is
made in Southern Railway Memphis Division First Mortgage
dated March 4 1898. The line when completed will establish
a physical connection between this Company's lines at
Chattanooga, Tenn and its Memphis Division and by reason
ol lighter grades and less curvature will be more economical
to operate than the line now used under trackage rights.
The location of the line is practically completed and nearly all
of the right of way has been secured
,
.
387,567 60
$9,209,667 60
.
Oct. 14 1905.
THrt
|
CHRONICLE
The Memphis-Chattanooga Railway was organized December 22 1899, for the purpose of constructing that portion
of the proposed line which will bo within the State of TenContracts have been let for the masonry for a
nessee.
bridge acres- the Tennessee River and for a double-track
tunnel through Lookout Mountain near Chattanooga, Tenn
Delta Southern Railway.
the Delta Southern Railway was
of constructing additional branch
Elizabeth, Percy, and Itta Bona,
development of lumber and other
During the year contracts were
industries in that section.
is
now under way upon some portions of
lot, and work
these proposed lines.
On September 22
1904
organized for the purpose
lines and extensions from
Miss., with a view to the
Okolona-Big Creek Line
in Mississippi.
On
April 12 1905 contract was let for the construction of an
extension of the Okolona-Big Creek Line in Mississippi, from
Yardaman, Miss., to Derma, Miss., a distance of S.2 miles,
reference to which was made in report for previous year.
Tennessee dt Carolina Southern Railway Company.
Carolina A- Tennessee Southern Railway Company.
These Companies wen- organized December 11 1902 for the
gurpose of constructing lines of railway from Maryville,
lount County, Tenn., to a point on the Tennessee- North
Carolina State Line, and from such point to a connection
with the Murphy Branch at ornwr Bushnell, Swain County,
N. C. a total distance of approximately 68 miles. The
prospects for local development are now such as to justify
the construction of portions of this line, which work is in
progress.
The expenditures therefor to June 30 1905
amounted to $54,874 26.
Cumberland Railtray Coynpamj.
This Company's line is now under construction and nearly
completed from a point of connection with the Louisville &
Nashville Railroad Company's line at or near the confluence
of the Laurel Fork and Clear Fork creeks in Campbell
Count y, Tenn., to the headwaters of Clear Fork Creek in
Kentucky, a distance of about 14 miles. An agreement has
been made with the Louisville & Nashville Railroad Company
under which that Company will use this line jointly with the
Cumberland Railway Company, and the latter Company
will use the Louisville & Nashville Railroad Company's line
between the point of junction and Jellico, Tenn., where connection will be made with the lines of Southern Railway
118!
A new modern passenger station at Spartanburg, S. C.,
was completed and placed in operation during the year.
New and enlarged passenger stations are in course of construction at Asheville, N. C., Charlotte, N. C, and Greenville, S.
C.
Passenger and freight depots at various smaller stations
were constructed, renewed or extended during the year.
Birmingham Terminal Company.
The necessity for increased and improved passenger
terminal facilities at Birmingham, Ala., has resulted in an
arrangement by which a new and modern passenger station
will be constructed by Southern Ry. Co., Alabama Great
Southern Railroad Company, Central of Georgia Railway
Company, Seaboard Air Line Railway and St. Louis &
San Francisco Railroad Company. For that purpose the
Birmingham Terminal Company was incorporated June 28
1905 and each of the five companies named will own an equal
amount of its stock. The necessary real estate for the station has been purchased and plans therefor are in preparation.
Meridian Terminal Company.
To provide modern and adequate passenger terminals at
Meridian, Miss., Southern Railway Company, Alabama
Great Southern Railroad Company, Mobile & Ohio Railroad
Company, New Orleans & Northeastern Railroad Company
and the Alabama & Vicksburg Railway Company arranged
during the year to construct a union passenger station at
For that purpose the Meridian Terminal Comthat point.
pany was organized August 10 1904 and it is expected that
the station will be completed during the next fiscal year.
Gulf Terminal Company.
The Gulf Terminal Company was organized on June 19
1905 for the purpose of constructing a new passenger station
at Mobile, Ala., to provide passenger terminal facilities for
trains of the Southern Railway Company and the Mobile
&
Ohio Railroad Company.
Charleston Union Station
Company.
Southern Railway Company has joined the Atlantic Coast
Line Railroad Company in the organization of a terminal
company, which is now perfecting plans for the construction
of a new modern passenger station at Charleston, S. C.
New Yards.
The new yard at Pomona, N. C. referred to in report for the
Company.
previous year was completed and placed in operation during
Lenoir Car Works.
September 1904. This yard contains 4.4 miles of track, and
Southern Railway Company acquired by purchase July 11
is connected with the yard at Greensboro, N. C, a distance
This
1904 the entire capital stock of the Lenoir Car Works.
of 1.3 miles, by an additional or second track.
The total
plant, located at Lenoir City, Tenn., is fully equipped for the
cost of the improvement was $32,013 94.
construction of and repairs to freight cars, and has a capacity
The construction of a new yard at Howell, near Atlanta,
of ten new cars per day.
It is being operated under its
Ga., was begun during the year, the estimated cost of which,
corporate name.
including the necessary real estate, will approximate $365,Anniston, Ala., Compress Property
yard will
On May 8 1905 Southern Railway Company acquired 000. This autumn ofbe completed and placed in operation
during the
this year.
by purchase the cotton compress, real estate and other propA new yard at Greenville, S. C, estimated to cost $95,000,
erty of the Anniston Compress & Warehouse Company,
is under construction.
located in Anniston, Ala.
Improvements and extensions of the local freight yard
IMPROVEMENTS TO EXISTING LINES AND TERMINAL
and freight station facilities at Greensboro, N. C, are being
FACILITIES.
made at an estimated cost of $42,000.
Double Tracks and Revision of Grades and Curvature.
The yard at Citico, near Chattanooga, Tenn., was materOn October 13 1904 the double track line between Manassas, ially enlarged and improved during the year at a cost of
Ya., and Orange, Va., a distance of 52.1 miles (referred to in
$25,980 86.
previous reports) was opened for traffic, thus placing in
Construction of the new yard at Birmingham, Ala., was
operation a complete double track line between Alexandria,
deferred, but its completion is contemplated during the
Va., and Orange, Ya., a distance of 77.8 miles, with a
maximum grade in the direction of the heavy traffic move- next fiscal year. Shops, Shop Machinery and Tools.
New
ment of eight-tenths of one per cent and a maximum
The enlargement and improvement of the repair shops
curvature of four degrees, the cost of which was S3, 119,448 31.
Th" entire line has been equipped with a complete system at Spencer, N. C, begun in the spring of 1904 were completed during the year, consisting principally of: a new
of interlocking and block stations.
During the year contracts were let and work was begun on locomotive-erecting and machine shop 600 feet long by 150
additional double tracks and revision of grades and curvature feet wide, the walls of which are brick on concrete foundations, with steel columns and roof trusses; the conversion
as follows:
Between Peyton, Ga., and Austell, Ga.,a distance of 11.2 of the old boiler house into an electric power house, and
miles, a doube track line is being constructed to avoid the the remodeling and enlargement of other shop buildings.
existing heavy grades and curvature in the present line, and While the tools and machinery used in the old shops were
to facilitate the movement of traffic between Atlanta and utilized in the new and enlarged buildings, new and modern
Austell, the point of junction {between the lines from Bir- tools and machinery of the latest pattern were added, all of
mingham, Ala., to Atlanta, and from Chattanooga, Tenn., which are electrically driven. The capacity of the shops
to Atlanta.
The maximum grade of the new line will be has been trebled by these additions and improvements.
New and additional shop machinery and tools were placed
eight-tenths of one per cent, with a maximum curvature of
two and one-half degrees, as against a maximum grade on the in shops at Manchester, Va., and Columbia, S. C, during
present line of one and three-tenths per cent and a maximum the year.
There is under construction and installation at Princeton,
curvature of eight degrees. The completion of this work is
Ind., an electric plant, transfer table, erecting shop and a
expected during the early spring of 1906.
Between Danville, Va., and Pelham, N. C, a distance of traveling crane, estimated to cost approximately $70,000.
7.7 miles; between Pomona, N. C, and High Point, N. C, a
Coaling and Water Stations.
distance of 11.9 miles, and between Armour, Ga., and
Improved and enlarged coaling and water stations were
Howell, Ga. entrance into Atlanta a distance of 33.3 completed or placed in course of construction during the year
miles, second main tracks are being constructed and the at the following points:
grades and curvature of the existing lines are being revised.
Somerset, Va., coaling and water station, approximate
Terminal Facilities.
0O8t, including tracks, $57,505, completed and placed in
,
—
The new passenger terminal
—
at Atlanta, Ga., reference to
operation.
which was made in the; report for 1903, was completed and
Pomona, N. C, water station, estimated cost $26,962, in
opened for traffic on May 14 1905.
course of construction; Pelham, N. C, coaling and water
'I he Southern
Railway approaches to that terminal have station, estimated cost, including tracks, $50, 755, in COUJ
been materially enlarged and improved by the construc- of construction
tion of
additional tracks, permanent masonry viaducts
Additional coaling and water stations were erected and
over five streets, and the installation of a modern electrical existing stations enlarged during the year at Other various
interlocking in connection with the terminal station.
points at an approximate cost of $63,000.
THE CHRONICLE
1182
the increasing industrial growth along the Comand its steadily increasing traffic, additional second tracks, new and enlarged yards and termii
and other facilities are required, the const ruction of which
is contemplated during the coining year.
For detailed
results of operations for the year reference is
to the financial and statistical tables prepared by the
Comptroller, which follow.
To meet
pany's
made
lines
of the company have been examined by
Public Accountants, Messrs. Patterson, Teele &
Dennis, and their certificate is attached hereto.
The acknowledgments of the Board are due to all officers
and employees for the faithful discharge of their duties during the year.
Respectfully submitted by order of the Board,
The accounts
Certified
INDUSTRIAL DEVELOPM ENT.
Along the lines of Southern Railway Company during the
year ended June 30 1905 there were completed and put in
operation 46 Textile Mills, 34 Furniture Factories, 38 Iron
Industries, 6 Tanneries, 77 Stone Quarries and Coal Mines,
13 Cotton Seed Oil Plants, 8 Fertilizer Works and more than
500 smaller industries.
Over 250 previously existing plants were enlarged during
the year and 54 new industries were under construction at
SAMUEL SPENCER,
President.
PATTERSON, TEELE & DENNIS,
close of the year.
Certified Public
and the investment of foreign capital in,
the territory served by Southern Railway Company's lines
during the year exceeded any previous year in the history
Immigration
of the
to,
York, August 3 1905.
To the Stockholders and Bondholders of the Southern Railway
Company:
We have made an examination of the books and accounts
of the Southern Railway Company for the fiscal year ending
June 30 1905 and have verified the balance sheet and Income and Profit and Loss Accounts publised herewith.
The amount charged to Capital Accounts for expenditures
EARNINGS AND EXPENSES.
The Earnings and Expenses for the year ended June 30
1905 as compared with those of substantially the same prop-
—
Passenger...
Freight
Mail
Express.
Miscellaneous
Increase.
$
The
Per
58
$
material and supplies on hand has been carefully examined,
and the results reached in former inventories justify the
present valuation.
The amounts due to the Company from the various sources
cited in the Balance Sheet are believed to be collectible,
due provision having been made in the reserves for such
as are of doubtful realization.
Cash has either been counted or certificates obtained from
the Depositories.
All known liabilities have been stated, and what has
proved in the past to be a sufficient reserve has been provided for such as have not yet been determined.
The charges against the year's Income for the Maintenance of Way and Structures and Equipment have been, in
our opinion, sufficient for the upkeep of the capital.
Respectfully submitted,
027,550 32 a3.35
Increase.
$
1904.
1905.
$
Ct.
71 1,143,889 53 10.10
05 1,721,337 01 5.73
03
132,143 14 7.79
14
27,806 28 2.23
Total Gross Earnings ..48,145,108 15 45,147,482 51 2,997,625 64
Operating Expenses and Taxes.
For—
is, in our opinion, proper.
securities owned have either been produced or we
have obtained certificates from the various Trustees or Depositories holding the securities.
The valuation of the equipment in the Balance Sheet is
fully borne out by the rolling stock on hand and the provisions made for replacement.
The method of arriving at the valuation placed upon the
during the year
year were as follows:
Gross Earnings.
1904.
1905.
$
$
12,471,572 24 11,327,682
31,775,326 06 30,053,989
1,696,819
1,828,962 17
1,246,513
1,274,319 42
822,478
794,928 26
6.64
Per
Ct.
Maintenance ofWay and
6,458,858 52
5,722,834 62
736,023 90 12.86
7,456.735 93
7,263,525 67
193,210 26
18,195,504 32 17,351,632 40
1,410,122 11
1,589,615 34
1,381,800 50 1,402,183 22
843,87192
Structures
Maintenance of Equip-
ment
2.66
Conducting Transportation
General Expenses
Taxes
4.86
179,493 23 12.73
a20,382 72 al.45
Total Operating Expenses and Taxes
35,082,514 61 33,150,298 02 1,932,216 59
5.83
Net Earnings from Oper13,062,593 54 11,997,184 49 1,065,409 05
ation
Boston.
New
The underlying conditions are favorable to a further increase in immigration and industrial development along and
adjacent to the company's lines.
erties for the preceding
A ccountants.
New York and
Company.
From
Vol, lxxxi
I
8.88
PATTERSON, TEELE & DENNIS,
a Indicates decrease.
Certified Public Accountants.
TABLE 1.— COMPARATIVE BALANCE SHEET JUNE
30 1905
AND JUNE
30 1904.
ASSETS.
June 30 1904.
COST OF
June 30 1905.
ROAD—
Cost of Southern Railway Properties to June 30 1904.
Additions during the year (see pages 1179)
$270,183,394 44
8270,183,394 44
TOTAL COST OF ROAD JUNE
COST OF EQUIPMENT—
$272,839,828 66
30 1905
Cost of Southern Railway Equipment to June 30 1904
Cost of Equipment charged to Capital during the year.
Trust Equipment received with Purchased Properties.
S17.082.834 03
683,955 00
17.766,789 03
TOTAL COST OF EQUIPMENT JUNE
LEASEHOLD ESTATES—
S326,889,981 21
TOTAL LEASEHOLD ESTATES
38,364,099 36
885,511 92
31,924,500 00
14,986,344 66
(Per Contra).
Southern Railway Trust Equipment (Per Contra)..
TOTAL COST OF ROAD, EQUIPMENT AND LEASEHOLD ESTATES
COST OF SECURITIES PLEDGED OR HELD FOR CONTROL—
Pledged under First Consolidated Mortgage (See Table 7)
Pledged under Divisional and Collateral Trust Mortgages, and North Carolina
Railroad Lease and other Indentures (Table 8)
Securities in Treasury unpledged, held for control or as muniments of title..
S13.265.729 51
19,811,066 85
$30,402,622 31
1,521,877 69
Equipment
31,149,500 00
7,790,297 74
$17,082,834 03
2,044,277 82
683,955 00
30 1905...
Road
$29,627,622 31
1,521,877 69
$270,183,394 44
2,656,434 22
8339,561,740 17
$13,306,634 97
38,430,779 61
1,227,802 75
52,965,217 33
52,515,340 79
8379,405,322 00
COST OF ROAD. EQUIPMENT AND SECURITIES HELD AS STATED
Material and Supplies on Hand (See Table 20 in pamphlet report)
New Steel Rail
._
Rails and Fixtures Leased
$2,603,599 41
214.338 67
$392,526,957 50
$3,022,076 19
1,402,952 54
227,091 98
4,652,120 71
2,817,938 08
$382,223,260 08
547,815
304,723
528,230
106,813
9,046
288,063
67,223
212,842
TOTAL CAPITAL ASSETS.
$397,179,078 21
—
696.207
664,180
854,274
107,133
964
358,855
68,753
120,532
17 Miscellaneous Securities Owned in Treasury Unpledged
Bills Receivable
deferred but secured
68 Advances to Subsidiary Companies
—
30
33 Income Accrued, not due
06 Insurance Paid, not accrued
15 Insurance Fund
16 Sinking Funds
Uninvested Balances in hands of Trustees.
43 Sundrv Accounts
.
$4. 077, 000
—
CURRENT ASSETS—
Miscellaneous Current Securities
Cash in hands of Treasurer, Banks and Financial Agents.
Cash in Transit from Agencies
3,326,614
900,591
1,061,289
423,334
1,044,114
542,587
186,570
s.
Due
Due
Due
Due
Bills
from
from
from
from
Agents and Conductors
United States Post Office Department
Other Transportation Companies
Individuals and Companies
Receivable
— Current
$3,828,000
3,484,133
1,031,383
1,077,613
452,619
1,362,328
584,126
44,777
85
06
47
33
48
84
16
31
00
00
67
20
10
62
58
15
11,562,102 73
11,864,981 32
$395,850,120 09
$411,914,961 03
—
1
Oct. 14 1905.
THE CHRONICLE.
|
TABLE 1*—COMPARATIVE BALANCE SHEET JUNK
CAP!
30 1904.— (Concluded.)
J uiu-
STOCK—
00
—
.-
Preferred
Total
TRUST CERTIFICA
I'UNDKD DEBT csee Table 5)
OUTSTANDING SECUR1T1 ES OF LEASEHOLD ESTATES yl'rr
(
Southern
Southern
Southern
Southern
Southern
Southern
Southern
Southern
I
O ML ic; Al'lONS
B
I
Railway
Railway
Railway
Railway
Railway
Railway
Railway
Railway
2,619 000 00
2,124 ,000 00
130,297 74
•onlru
I
Car Trust, Series A
00
00
00
00
00
00
.S77.SOO 00
4,500,000 00
343,714 66
$1,062,000
1,190,000
2,061,000
1 ,770,000
2,805,000
376,830
-
.
,
.
7,790,297 74
I
UNMATURED OBLIGATIONS ACC'T NEW STEEL RAIL PURCHASED..
UNMATURED BALANCE OF PURCHASE PRICE OF NORTHEASTERN
RAILROAD OF GEORGIA
UNMA II RED BALANCE ON RIAL ESTATE..
UNMATURED BALANCE ON HARTWELL, IND., BRANCH
TOTAL CAPITAL. FUNDED AND LIEN LIABILITIES
107.000 00
42.375 00
13.319 60
$3 '7,169,192 34
J
13
05
15
19
41
84
7,769,958 38
6,162,898 37
$389,967,167 00
2,644,745
78,256
1,026,452
*56 «63
23^% on
PROFIT AND LOSS
52
52
07
87
Preferred Stock, payable in
t-jr.f.
Interest and Rentals Due and Unpaid, including amount due July
Audited Vouchers
Material and Supplies in transit, not vouchered
Unpaid Wages, including June Pay Rolls
Freight Claim Authorities Outstanding
Due Other Transportation Companies
Due Individuals and Companies
53
57
107,000 00
28.250 00
11,659 73
$636,370 51
373,467 64
358,855 84
1,276,051 53
CURRENT LIABILITIES—
2,392.3(57 90
285.378 88
1. 9XM.344 66
2,176,612 61
•
Reserves
For Maintenance of Way
For Maintenance of Equipment
For Insurance Fund
Miscellaneous
1.602.137 52
109,8 1 49 Sundry Accounts
965,909 34 Interest and Rentals Accrued, not due
570,213 65 Taxes Accrued, not due
Reserve for Dividends Nos. 14 and 16,
October 1904 and 1905 respectively.
1,500,000 00
$2,389,631 2o
00
00
00
00
,/Yr Contra)—
Equipment Trust, Series B
Equipment Trust, Series C
Equipment Trust, Series i).
Equipment Trust, Series E
Equipment Contract Scries F
Equipment Contract, Series G
Equipment Trust, Scries 11
Miscellaneous Equipment Contract s .
,530 000 00
1,589,472
102,068
794.372
216,666
$180,000,000
5,670,200
155,062,000
31,924,500
-I
-
EQUI1WIEN
11105.
:;o
5120,000,000 00
60,000.000 00
KV. MOBILE A OHIO STOCK
SOUTHERN
00
00
00
$1,487 000 00
$94,202
437.342
2SS.063
782,530
r.M.
Common
$120,000 000 00
60.000 000 00
1
AND JUNE
LIABILITIES,
June 30 1904.
1180,000,000
5.632,000
152.434.100
31.149.500
39 1905
1183
$2,478,394
2,534,491
498,320
1,677,892
106,742
892,855
659,646
1
33
54
50
55
55
.
19 71
•
00 PI
.,-»,848,342 66
K] 7,293,133 39
(See Table 4).
$411,914,961-
$395,850,120 09
03
I
TABLE 2.— INCOME ACCOUNT FOR YEAR ENDED JUNE
30 1905,
COMPARED WITH YEAR ENDED JUNE
30 1904.
1905.
1904.
GROSS EARNINGS—
$11,314,045
30,032,415
1.695,672
1,246,108
821,534
12
Passenger
92
93
75
62
Freight
Mail
Express
Miscellaneous
$12,471,572
31,775,326
1,828,962
1,274,319
794,928
24
06
17
42
26
$45,109,777 34
$5,706,356
7.262.98S
17,338,940
1,407,296
1,399,885
$48,145,11
OPERATING EXPENSES AND TAXESMaintenance of Way and Structures
47
$6,458,858
7,456,735
18,195,504
1,589,615
1,381,800
Maintenance of Equipment
Conducting Transportation
General Expenses
Taxes
18
99
35
13
52
93
32
34
50
33,115,467 12
$11,994,310 22
35,082,514 61
Net Earnings from Operation.
$13,062,593 54
INCOME FROM INVESTMENTS—
$10,000
40,000
18,192
199,929
112,652
6,750
6,750
143,660
101,645
203,192
4,935
68,150
2,000
11,000
14,413
12,600
320.140
21,470
97,701
00
00
Interest on Charleston Terminal Company Bonds
Interest on St. Johns River Terminal Company Bonds
Interest on Chesapeake Steamship Co. Certificates of Ind'bt's.
Dividends on Chicago Indianapolis & Louisville Ry. Stock.
_
00
25
00
$10,000
40,000
18,192
212.250
226,892
6,750
6,750
143,726
101,645
331,563
5,400
68,150
2,000
11,000
14,720
12,600
321,133
21,984
51,652
Dividend on Mobile & Ohio Railroad Company Stock
Interest on Lancaster & Chester Railway Company Bonds
Interest on Roswell Railroad Company Bonds
Dividends on Alabama Great Southern Ry. Co., Ltd., Stock
Interest and Dividends on Georgia Southern & Florida Ry. Co. Bonds and Stock..
Interest and Dividends on Sundry Bonds and Stock
Interest on United States Government Bonds
Interest on Northern Alabama Railway Company Bonds
Interest and Dividends on Hartwell Ry. Co. Bonds and Stock
Interest and Dividends on Blue Ridge Ry. Co. Bonds and Stock
RR. Co. Bonds
Interest on Kentucky & Indiana Bridge
Dividends on Old Dominion Steamship Company Stock
Interest on Mobile & Ohio Railroad Co. Gen'l Mtge. Bonds
Income from Shepherd's Ferry, Alexandria, Va
Net Income from Compresses and Other Property
Miscellaneous Interest and Commissions
00
00
49
00
36
00
00
00
oo
34
<fc
00
00
10
47
$1,395,181 01
Total
00
00
00
37
00
00
00
57
00
42
00
00
00
00
00
00
33
25
46
04
6,431
|
$1,612,840 44
MISCELLANEOUS DEDUCTIONS FROM INCOME—
Dividends accrued on Southern Railway Mobile
$215,037 34
34,155 60
& Ohio
Stock Trust
$226,176 00
Certificates
Miscellaneous Interest and Commissiones..
Other Miscellaneous Deductions
7.569
$256,762 73
7,192 57
Total
1,138.418 2*
$13,132,728 50
8,952,328 58
$4,180,399 92
233,368 57
Net Income from Investment- ami Other Sources
1,379,471 87
Total Available Income
$14,442,065 41
FIXED CHARGES, INCLUDING RENTALS
9,290.433 41
(See Table 3).
$5,151,632 00
Surplus Income over Charges
FROM WHICH DEDUCT—
$1,500,000 00
<2H V
Divide, ,. Is Nos. 13
Dividend No. 11
Stock, payable
1,500,000 00
3,000.000 00
$1,180,399 92
773,800 38
$406,593 54
and 15 <2l4<V ) on Preferred Stock..
r
>/, and reserve for Dividend No. 16 (2y %) on Preferred
2
October 1904 and 1905
>
f
<
2
in
Total Di ridends
Special Appropriations for [mprovi
'
:;EDIT
1,500,000 00
3.000,000 00
-
SURPLUS OVER DIVIDENDS
BALANCE CARRIED TO
$1,500,000 00
I
12,101,632 00
ind Betterment* not to be Capitalized
OF PROFIT AND LOSS FOR THE YEAH
I
.0.-6.5
111
111
•1,095,082 51
THE CHKONICLE.
1184
TABLE
[Vol. lxxii.
-STATEMENT OF INTEREST AND RENTALS FOR YEAR ENDED JUNE
JUNE 30 1904.
3.
JuW.iO
1904.
12 months. 12 months.
months.
Southern Railway Co.
First Consolidated Mtge.
10 rn. 24 d.
6 in. 15 d.
12 d.
East Tenn. Reorganization Mtge
--.
Division 1st Mtge
Certificates of Indebtedness
Car Trust, Series
Equipment Trust, Series B
.
.
.
-.
C
D
E
F
H
(Total" Trust "$4,500,000)!
2d
Mtge..
1st
1st
"
12 months. 12 months.
"
12
12
"
"
12
.
12
"
"
12
.
12
"
12
12
.
"
"
12
12
.
"
"
12
12
.
"
12
12
.
"
"
12
.
12
"
"
12
12
.
"
"
12
12
.
"
"
12
12
.
"
"
12
12
.
"
"
12
.
12
.
"
"
12
.
. 12
"
"
12
12
.
.
"
"
12
.
. 12
"
"
12
. 12
.
"
"
12
12
.
.
"
"
12
. 12
.
"
"
12
. 12
.
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
"
"
12
.
. 12
*'
"
12
.
. 12
"
"
12
.
. 12
"
"
12
_ 12
.
"
"
12
. 12
.
"
"
12
. 12
.
"
12
. 12
"
"
12
. 12
.
"
"
12
. 12
.
"
"
12
. 12
.
.
-.
.
.
Georgia Pacific 1st Mtge
Knoxville & Ohio 1st Mtge
Richmond & Danville 1st Cons. Mtge
Debenture "
.
.
.
.
"
.
Ches. 1st Mtge
2d
Virginia Midland Serial Mtge., Series
"
A
B
C
D
E
F
General Mtge
Western North Carolina 1st Cons. Mtge
Washington Ohio & Western 1st Mtge
Atlanta & Charlotte Air Line 1st Mtge Pref
1st Mtge.
Income Mtge. Ext_
Stock
Organization Exp.
Ky.
Atlantic Coast Line RR. Trackage
Athens Belt Line Rental
Blackville Alston & Newberry 1st Mtge
&
Rapidan RR. Rental
Charleston & Savannah Ry Trackage
Georgia Midland 1st Mtge.
Mobile & Birmingham fiR. Rental
North Carolina RR. Rental
Richmond & Mecklenburg RR. Rental
South Carolina & Georgia 1st Mtge.
Spartanburg Union & Columbia 1st Mtge
Sumter & Wateree River 1st Mtge
Wil. & Wei. RR. and Norfolk & Carolina RR.- -Trackage and Real
Est ate Rent al
.
12
Charlottesville
. .
.
Mtge
Eq. S. F.
Various
.
Cons. "
Richmond York River &
.
.
Atlantic Tenn. & Ohio 1st Mtge
Alabama Central 1st Mtge
Atlantic & Yadkin 1st Mtge
Charlotte Columbia & Augusta 1st Mtge. Ext..
Columbia & Greenville
East Tenn. Va. & Ga.
12 months. 12 months.
12
12
12
12
"
"
12
12
"
10
7 m. 18 d.
4 m. 21 d.
.
Series
Series
.
.
A
Equipment Trust,
12 months. 12 months.
"
"
12
12
"
12
12
"
12
12
"
12
12
9
"
12 months
3
"
12
.
12
.
Mtge
St. Louis Division 1st Mtge
Mobile & Ohio Collateral Mtge
Collateral Trust 2-5 Year Bonds
Collateral Trust 5 Year Gold Bonds
L. & N. -Southern Monon Collateral Joint Bonds
1st
Equipment Contract,
Amount Charged.
Outstanding
1905.
Memphis
COMPARED WITH YEAR ENDED
Amount
Period.
CLASS.
Aiken Branch
30 1905,
.
"
1905,
1905.
839,077,000
34,000
1,000,000
.001), 000
1,000,000
$42,211,000
4,500,000
5,1*3,000
50,000
11,750,000
8, 035, 000
5%
1,666 07
J
5,913,500
"
T ,b62~666
1,190,000
2,061,000
1,770,000
2,805,000
376,830
877,800
1,500,000
150,000
1,000,000
1,500,000
1,127,500
500,000
2,000,000
3,106,000
12,770,000
5,660,000
2,000,000
5,997,000
3,368,000
126,000
400,000
500,000
600,000
1,900,000
1,100.000
950,000
1,774,000
1,310,000
4,859,000
2,531,000
1,025,000
500,000
4,250,000
750,000
1,700,000
4-;
4%
5%
4%
4-5%
4%
4%
4%
4%
6%
6%
4%
5%
7%
6%
5%
5%
6%
6%
6%
5%
5%
5%
4^%
6%
6%
6%
5%
5%
19
o /o
6%
4%
4%
7%
4%
7%
6%
T,650",666
3%
5,250,000
1 ,000,000
100,000
37 $1,889,942 15
00
225,000 00
00
233,235 00
00
;, ooo oo
36
450,000 00
320,140 00
33|
120,000 00
00
187,500 00
23', ,546 42
00
370,000 06
07
69,406 67
00
68,000 00
34
111,987 89
00
50,851 03
*
52,406
54,400
94,653
79,060
79,106 04
8,933 74
12,601 06
5,062 50
9,000 00
60,000 00
60,000 00
57,225 00
35,000 00
120,000 00
155,300 00
638,500 00
339,600 00
120,000 00
359,820 00
168,400 00
8,866 67
20,000 00
22,500 00
36,000 OH
114,000 00
C6.000 00
47.500 00
88,700 00
65,500 00
242,950 00
151.860 00
41,000 00
20,000 00
297,500 00
30,000 00
119,000 00
4,000 00
188,000 00
74,211 901
1,050 00
570 00
15,800 00
8,357 70
49,500 OH
113,904 0(1
286,000 00
12,600 00
262,500 00
40,000 00
5,000 oo
X
9,500
5%
4%
5%
9,000
60,000
60,000
67,850
35,000
120,000
155,300
638,500
339,600
120,000
359,820
168,400
14,785
20,000
22,500
36,000
114,000
66,000
47,500
88,700
65,500
242,950
151,860
41,000
20,000
297,500
30,000
119,000
4,000
157,000
72,874
1,050
570
16,900
9,768
49,500
114,000
286,000
12,600
262.500
40,000
5,000
70,784 73
.
19
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
82
00
00
00
69
00
00
00
00
00
00
00
70,524 06
30 1905.
Account June 30 1904...
this
00
00
00
00
00
00
00
00
00
00
00
00
$9,290,433 41 $8,952,328 58
TABLE 4.— PROFIT AND LOSS ACCOUNT FOR YEAR ENDED JUNE
Add—
750,000
236,540
4^%
3^%
Z A%
4^%
Total (See Income Account, Table 2).
Balance at Credit of
$2,044,908
225,000
233,235
6,000
400,833
321,133
1
"i"5",bbb",666
1904.
$1,983,850 00 81,889,942 15
850 00
45,000 00
13,541 70
"
12
.
Rate.
S6, 162,898
Credit Balance of Income Account for year ended June 30 1905
Sundry Miscellaneous Credits
37
SI, 095,082 51
35,152 51
Credit Balance June 30 1905
$7,293,133 39
TABLE 6.— OUTSTANDING SECURITIES OF LEASEHOLD ESTATES.
:
Amount
Interest.
Outstanding.
Principal
Due.
Due.
& Charlotte Air Line Railway
Mortgage Preference Bonds
Mortgage Bonds
Income Mortgage Bonds, Ext
Stock
Rate.
June 30 1905.
June 30 1904.
Atlanta
1907
1907
1907
1st
1st
Atlantic
&
1st
1
M.
& O.
&
&
&
J.
O.
s.
4%
7%
4%
7%
$500,000
4,250,000
750,000
1,700,000
§500,000
4,250,000
750,000
1,700,000
$7,200,000
$7,200,000
1948
1948
_.
Georgia Midland Railway
.
A.
Danville Railway
1st Mortgage Bonds
2d Mortgage Bonds
& Birmingham
1st
J.
J.
4%
4%
3,925,000
775,000
3,925.000
3,925,000
1946
A.
&
J.
J.
&
&
&
0.
3%
1.650.000
1,650,000
Railroad
Bonds
Mortgage Bonds
.
&
&
4,700,000
Prior Lien
.
J.
J.
—
Mortgage Bonds
Mobile
A.
J.
1945
1945
Preferred Stock
J.
J.
J.
4<;-
D.
4%
$600,000
1,200,000
900,000
$600,000
1,200,000
900,000
2,700,000
2,700,000
4,000,000
4,000,000
315,000
315,000
North Carolina Railroad
.
Stock
J.
Richmond & Mecklenburg Railroad
1st Mortgage Bonds
—
•
•
.
J.
1948
Southern Railway-Carolina Division
General Mortgage Bonds, Southern Railway Carolina Division.
1st Mortgage Bonds South Carolina & Georgia Railroad
1st Mortgage Bonds Spartanburg Union & Columbia Railroad
1st Mortgage Bonds, Sumter & Wateree River Railroad.
1st Mortgage Bonds, Blackville Alston & Newberry Railroad
.
&
M. & N.
1952
1919
1995
1919
1908
J.
M.
J.
A.
F.
&
&
&
&
&
J.
N.
J.
O.
A.
4%
4%
5%
4%
5%
6%
§5,000,000
5,250,000
1,000,000
100,000
9,500
$5,000,000
5,250,000
1,000,000
100,000
9,500
11,359,500
•
Total as per Balance Sheet
11,359,500
831,924,500
§31,149,500
———— — — — — —
— —
—
—
U
Cox.
—
——
)
'
THE CHRONICLE
19U5.J
TABLE B.—FUNDED DEBT JUNE
30 1005
1185
COMPARED WITH JUNE
30
1904.
Amount Outstanding
Interest
data
Bowls.
of
Principal
Dm
Southern Railway Co.
st Consolidated Mortgage Bonds
"15" owned by Southern Railway Company
1st Consolidated Mortgage Bonds, Series
Reorganisation Mortgage Bonds
.
Memphis Division 1st Mortgage Bonds
Memphis Division 2d Mortgage Bonds (.owned by Southern Railway Company)
Aiken Branch 1st Mortgage Bonds
Louis Division l.-t Mortgage Bonds
A Ohio Collateral Bonds
Collateral Trust Five-Year Bonds
Louisulle A Nashville-Southern Monon Collateral Joint Bonds
Southern Railway Co's proportion,
Total outstanding June 30 1905, Sil.827,000.
1938
A
S.
1909
it
o.
1952
&
J,
5,913,500
5,913,500
l
1913
& o
150,000
150,000
1918
A
J
1,000.000
1.000,000
19-19
A O
1,500,000
1,500,000
1909
1910
& J
& o
1,127,500
600,000
1,333,500
500,000
1916
&
J
2,000,000
2.000.000
1930
1956
&
&
N.
3.106,000
12,770,000
3.106,000
12,770.000
1922
&
J.
5,660,000
5,660.000
1925
1953
&
&
J
J.
2,000,000
500,000
2,000.000
500.000
1915
1927
Var. Dates
5,997,000
3,368,000
126,000
5,997.000
3,368,000
253.000
1910
1910
&
&
&
&
&
5%
400,000
500,000
400.000
500,000
1906
1911
1916
1921
1926
1931
1936
1913
1914
1924
& S,
& s.
& s,
& s.
& s.
& s.
& N.
& J
& J
& A
6%
6%
6%
5%
5%
5%
5%
6%
6%
4%
600,000
1,900,000
1,100,000
950,000
1,774,000
1,310,000
4,859,000
238,600
2,531,000
1,025,000
600.000
1,900.000
1,100.000
950,000
1.774,000
1.310.000
4,859,000
258.100
2,531.000
1,025,000
i
.1
&
J.
S.
A
1938
&
J
996
>v
o.
'.HIS
&
,i.
1961
A
J.
i
I
'.mi',
Ohio Railroad
M ort gage Bonds
st
Alabama
A
i
'.hi
i
-
-
-
June 30 1905. June 30 1904
Hate.
a $43,338,000
2,001.000
4,500,000
c6 ,383, 000
1,500,000
150,000
Cl2, 250,000
N, 035, 000
15,000,000
'.m
i
•
—
Due.
.
i
i
one-half
Atlantic Ten:
)
.
--
6
•40,981,000
2,001,000
4,600,000
tf6, 283 ,000
1,.500,000
ir.0,000
el 1,750,000
8,011,000
15,000,000
Central Railroad
Mortgage Bonds
A Yadkin Railway
1st Mort saw Bonds.
Charlotte Columbia A AttgUSta Railroad
1st Mortgage Bonds, Extended..
2d Mort gage Bonds
Columbia A Greenville Railroad
-1st Mortgage Bonds
East Tennessee Virginia Jt Georgia Railway
1st Mort gage Bonds
-Consolidated Mortgage Bonds
Georgia Pacific Railway
1st Mortgage Bonds
Knowille A Ohio Railroad
._._--_,
Mortgage Bonds
1 si
1st Consolidated Mortgage Bonds (owned by Southern Railway Co.)
Danville Railroad
Richmond A
Consolidated Mortgage Bonds
Deben t ure Mort gage Bonds
Equipment Sinking Fund Mortgage Bonds
Richmond York River & Chesapeake Railroad
1st Mort gage Bonds
2d Mort gage Bonds
Virginia Midland Railway
.
Serial Mortgage Bonds, Series A
1st
Atlantic
—
—
—
-
-
-
--
B
"
C
D__
'•
E
"
-
F
General Mort gage Bonds
A Rapidan Railroad 1st Mortgage Bonds
Western North Carolina Railroad 1st Consolidated Mortgage Bonds.
Washington Ohio & Western Railroad 1st Mortgage Bonds
Charlottesville
J.
J
O.
s.
J.
4H%
N.
$155,062,600 $152,434,100
Total as per Balance Sheet.
b Including $1,476,000 owned by the Company.
a Including $1,127,000 owned by the Company.
d Including $100,000 owned bv the Company. e Including $500,000 owned by the Company.
c
Including $200,000 owned by the
Com-
pany.
TABLE 7.—STATEMENT OF SECURITIES OWNED BY SOUTHERN
RAILWAY CO.. AND BY IT PLEDGED UNDER ITS FIRST
CONSOLIDATED MORTGAGE AS OF JUNE 30 1905.
—
June 30 1905
Par Value.
Income Bonds. $1,355,275
Name of Security
Railroad Bonds
Alabama Central RR. Co
Danville A Western Ry. Co
Elberton Air Line RR. Co
—
EastTenn. Va. 4Ga.Rv.Co
High Point Randleman Asheboro
RR.Co
Mtge.
Mtge.
Cin. Ext.
1,051,000
150,000
109,000
-1st Mtge.
A
6%.
402,000
500,000
801.000
500,000
500,000
3,000,000
200,000
Southern
&
Ohio RR. Co
North Carolina Midland RR. Co
Piedmont RR. Co..
Piedmont RR.Co...
Southern Rv. Co. in Kentucky
Southern Rv. Co. in Mississippi
Western North Carolina RR.Co
Washington Ohio & Western RR.Co
Knoxville
5%.
7%.
5%.
1st
1st
1st Con.Mtge.4%.
1st Mtge.
1st Mtge.
2d
Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
1st Mtge.
Yadkin RR.Co...
Total Bonds
6%.
6%.
6%.
5%.
5%.
6%.
4%.
6%.
Co., Limited.. Class
..Class
Atlantic & Yadkin Ry. Co
Hisrh Point Randleman Asheboro
Mobile A Birmingham
&
Southern
"A"
"B"
$1,725,000
4.540,050
999,300
212,500
880,400
20,500
787,600
30,000
998,200
464,450
RR. Co
Common
RR. Co
"
Preferred
rolina Midland RR. Co
Ore Belt RR.Co
Sout hern Rv Co. in Kentucky.
.
Yadkin RR.Co
$10,658,000
Total Stocks
curities
—
Co
Capital Stock
Certificates of Indebtedness
$400,000
250,000
$650,000
Total Other Securities
Total Bonds, Stocks and Other Securities
$22,041,275
as per Balance Sheet
8
Name
$53,659,851
Book Valuation,
$38,430,779
TABLE 12.— TRAFFIC STATISTICS, YEARS ENDED JUNE
AND
Train and
s run by
Miles run bv
Miles run by
Mil.
14,121,471
15,847,620
1,473.243
i:
31,442,334
1,267,716
81,404
I
{
$900,000
75, 000
36,791,454
679,507
373,069
7,219,884
31,466,902
814,342
366,847
6,882,281
+4.21"
—16.56"
+1.70"
+4.91"
39,530,372
+3.88"
freight trains
mixed trains
bv work trains
by special trains
Statistics
—
+6.14%
+3.01"
—7.15"
—
243,584,883 226,878,099
96,521,042 87,761,899
15,317,6.29
15,788,791
of loaded freight cars
eage of empty freight cars
Mileage of caboose cars
+7.36
"
+9.98"
+3.08"
Total mileage of freight-train cars355,894, 716 329,957,627
+7.86"
43,395,268
23,758,651
+7.21'"
Total mileage of pass.-train cars. 72,024,235
67,153,919
+7.25"
4,006.067
3.172,178
+26.29"
14.06
13.37
+5.16
6.48
6.07
+6.75
20.64
19.44
1-8.66
_
68.45
68.78
—0.48
Mil-age of work-train cars
Average number of loaded cars
each freight train
erage number of
eh freight train
number
of
empty
+7.31"
8,035,000
cars in
In
each
freighttrain
in
Average number
Ineachtrain
Average number
an<
(
of passenger
of
<
„,
-'•"
,
'
each pass'gr train
cates
a Includes dining, cafe
A special
'
•''
'
'-
car mileage.
';
4.51
6
.,
.
.„
..
,
_
.,
..
'
-
"
,.
baggage, mail
can In each train
of cars in
.
each
freighttrain
Av. No.
5,670,200
in
_
ears
Percentage of loaded ears
5,000.000
999, :i00
Under Southern Ry. Mobile & Ohio Collateral Tru-t IndentureMobile & Ohio RR. Co. General Mortgage 4"v Bonds
eure Southern Ry. Mobile A Ohio stock Trust CertifiCo. Stock
+3.85"
30,275,437
+9.86"
1,153,892
37,573 +116.66"
—
passenger trains
'
I
& Ohio RR.
13,304,047
15,384,730
1,586,660
.41,063,914
Engine Mileage
1904.
Total train mileage
Miles run by helping engines
Miles run by light engines
Miles run by switching engines
Car
Percentage
o//7?c.(+)
or Dec.(
1905.
Total revenue train mileage
Miles rnn
Miles run
30
1904.
46,528,274
a Mileage of passenger cars
Mileage of bag., mail and express cars 25,495,961
June 30 1906.
Par Value.
of Security.
Under Southern Railway Memphis
Irsl and Second Mortgages—
1st Mort. »/; Bonds
uarleston Ry. Co.
Bonds
efneld Machine Works First Mortgage 6<
Under Southern Rv. St. Louis Division Iir-4 Mortga
thern Ry. Co. of Indiana First Mort. 5% Bonds
Mobile
as per Balance Sheet
$13,306,631 97
STATEMENT OF SECURITIES OWNED BY SOUTH]
RY. COMPANY AND BY IT PLEDGED UNDER lis DIVI\.\L AND COLLATERAL TRUST MORTGAGES, WD NORTH CAROLINA RAILROAD
LEASE AS 01 JUNE 30 1905.
TABLE
Total Bonds and Stock...
Total engine mileage
Chesapeake Steamship Co
Book Valuation,
—
1905
—
Alabama Great Southern Ry.
—
$10,733,275
--
Railroad Stocks
1,325,000
225,000
615,000
Louisville & [Nashville-Southern [Monon Collateral
Trust Indenture
Chicago Indianapolis & Louisville Ry. Co. (Monon) Preferred Stock, Southern Ry. Co.'s proportion
one-half
of $3,873,900
1,936,700
Chicago Indianapolis & Louisville Ry. Co. (Monon) Common
Stock, Southern Ry. Co.'s proportion one-half of
4,898,450
$9,796,900
To Secure Southern Ry. Five- Year Five Per Cent Collateral
Trust Bonds
Miscellaneous Securities..
26,010,200
Under North Carolina RR. Lease
United States 4% Bonds
135,000
Under
„
n
+;•'.,
+-..)!
tncludee caboose can.
THE CHRONICLE.
1186
[Vol. lxxii.
TABLE 12.— TRAFFIC STATISTICS, YEARS ENDED JUNE
AND
30 1905
1904
(CONCLUDED).
Percentage
1905.
1904.
of Increase
or Decrease.
Average miles of road operated
—
7,198.99
..
Passenger Traffic
Number of passengers carried.
...
Number of passengers carried one mile
Average distance hauled per passenger (miles).
Total revenue from passengers
Average receipts per passenger per mile
Total passenger-train earnings
Passenger-tram earnings per mile of road
Passenger-train earnings per train mile
Average number of passengers in each train
a Average number of passengers in each car
Freight Traffic (Revenue Freight)
Number of tons carried
Number of tons carried one mile
Average distance hauled per ton (miles)
Total freight-train earnings.!.
Average receipts per ton per mile
Freight-train earnings per mile of road
Freight-train earnings per train mile
Average number of tons of freight in each train
Average number of tons of freight in each loaded car
All Freight (Including Company's material hauled free)
Number of tons carried
Number of tons carried one mile
Average number of tons of freight in each train
Average number of tons of freight in each loaded car
Earnings and Expenses
Passenger and freight train earnings
Passenger and freight train earnings per mile of road
Gross earnings
Gross earnings per mile of road
Gross earnings per revenue train mile
Operating expenses and taxes
Operating expenses and taxes per mile of road
Operating expenses and taxes per revenue train mile
Net earnings
Net earnings per mile of road
Net ear nings per revenue train mile
7,189.84
Increase
0.13%
10,863 ,440
10,296,238
Increase 5.51 "
545,795 ,683
486.309,079
jlncrease 12.23 '1
50 24
47.23
Increase 6.37 "•.
$12,471 ,572 24
$11,327,682.71
Increase 10.10 "I
Cents
2.285 Cents
2.329 Decrease 1.89 1
815,811 ,913 70
$14,494,582.45
Increase
9.09 "i
$2 .196, 41
$2,015.98 Increase 8.95 "•.
$1 01393
$0.97340 Increase 4.16'\
35 00
32.66
Increase
7.16 "]
12. 42
4.72"
1 1 .86
Increase
I
—
20,973 ,564
3,365,362 ,765
20,733,049
Increase
3,218,263,980
Increase
160. 46
155.22
Increase
$31,775 326 06
$30,053,989.05
Increase
Cents
0.944 Cents
0.934 Increase
,413. 86
$4,180.06
Increase
$1. 83451
$1.77086 Increase
194. 30
189.63
(Increase
13. 82
14.18
'Decrease
24,517 841
3,973,282 283
—
1.16
4.57
3.38
5.73
1.07
5.59
3.59
2.46
2.54
Decrease
0.62 "
"
4.21
"
2.11
2.97 "•
Increase
Increase
Increase
Increase
Increase
Increase
Increase
Increase
Increase
Increase
Increase
6.82"
6.69"
6.64"
6.50"
2.68"
5.83"
5.69"
1.90"
8.88"
8.74"
4.84"
24,365,643
3,812,864,988
224.66
16.81
229. 39
16. 31
—
$47,587. 239 76
$6. 610 27
$48,145 108. 15
$6 687, 76
$1 53122
$35,082 ,514 61
$4 ,873 26
1 11577
$13,062 ,593 54
$1 814 50
¥0 41545
:
$44,548,571.50
$6,196.04
$45,147,482.51
$6,279.34
$1.49123
$33,150,298.02
84,610.71
$1.09496
$11,997,184.49
$1,668.63
$0.39627
[Increase
Jlncrease
Increase
!
j
!
a Excludes dining, cafe and special car mileage.
ERIE
RAILROAD COMPANY.
TENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
New
York, October 10th 1905.
To the Bond and Share Holders of the Erie Railroad Company:
The following report of the operations of your property for
the year ending June 30 1905 is respectfully submitted by the
t
Board of Directors:
MILEAGE.
Table No. 1 shows in detail the mileage controlled or operated during the fiscal year ending June 30 1905 from which
you will note that the Company
Owns
by ownership
of entire stock
ownership of over a majority of stock..
in fee or controls
1,658,71 Miles
"
157.97
"
276.18
58.08
Controls by
Leases
Has trackage rights over
Total mileage operated
Has restricted trackage rights over
Owns and leases to other companies
2,150.94
109.20
15.12
2.35
37.87
—
Leases and re-leases to other companies
Controls lines operated independently
_
Total mileage controlled but not operated
Grand Total...
16.48 miles have fourth
year of the entire system (excepting the New Jersey
and the Coal Companies, for which latter
see Table No. 17 in pamphlet report).
fiscal
& New York RR
Earnings.
From
—
Freight
Coal
-
Passenger
Mail
Express
.
486,799 02
918,957 59
151,993 02
Rents
1,185,151 19
Miscellaneous
485,709
855,347
159,457
904,493
38
39
17
29
Im.( + ) or
Dec.(—)
$
+ 131,649
49
—473,012 90
+ 319,903
+ 1,089
+ 63,610
35
64
20
—7,464,15
90
+ 280,657
43,321,646 92 43,005,213 39 +316,433 53
Earnings— Railroad
Earnings—=Other Operations 2,403,090 70 2,195,949 89 +207,140 81
Total earnings...
..45,724,737 62 45,201,163 28 +523,574 34
Expenses.
Inc.(
For—
Maintenance of
Way and Struc-
tures
Maintenance of Equipment
Conducting Transportation
Traffic
Department
General Expenses
Taxes
Expenses
Expenses
1905.
$
or
72
38
37
51
48
32
30,262,708 94 +450 -127 60
2,319,129 10 +110,242 44
33,142,208 08 32,581,838 04 +560,370 04
Net Earnings— Railroad
12,608,810 38 12,742,504 45
Net Earnings All Operationsl2,582,529 54 12,619,325 24
—
Ratio of Expenses to Earnings
+)
Dec.(—)
3,553,410 27 3,957,356 99 —403,946
7,595,750 50 6,568,301 12 + 1,027,449
16,544,365 15 16,765,975 52 —221,610
912,123 63
882,708 12
+29,415
1,116,539 47
1,104,553 99
+11,985
990,647 52
9.S3.813 20
+6,834
30,712,836 54
— Railroad
— Other Operations 2,429,371 54
Total expenses
1904.
$
72.48%
72.08%
total coal tonnage for the year was 15,717,194 tons,
increase of 706,900 tons, or 4.71 per cent over the previ-
an
"
164.54
2,315.48
1905.
1904.
$
$
.20,553,002 86 20,421,353 37
62 12,101,388 52
11,628,375
8,397,367 62 8,077,464 27
Merchandise Freight.
for the year was 15,844,429 tons,
an increase of 1,019,618 tons, or 6.88 per cent. The increase
in revenue from the transportation of merchandise freight
was $131,649 49, or .64 per cent more than the previous year.
The merchandise tonnage
Coal.
EARNINGS AND EXPENSES.
The following statement shows the gross earnings, expenses
and net earnings from the railroad and other operations for
the
As shown above, the increase in gross earnings was $523,574 34, or 1.16 per cent more than the preceding year, the
operating expenses increasing $560,370 04, or 1.72 per cent
over the previous year, the net earnings being $12,582,529 54,
a decrease compared with the previous year of $36,795 70, or
.29 per cent.
The ratio of Operating Expenses (exclusive of taxes) to
Earnings was 70.32 per cent.
The
or 32.54 per
— of which 753.46 miles,track and cent have second track,
16.52 miles have third
30 1905.
—133
694
—36,'795 07
70
+ .40%
ous year.
The revenue from the transportation of this commodity
decreased $473,012 90, or 3.91 per cent.
The anthracite tonnage was 7,089,796 tons, an increase of
120,565 tons, or 1.73 per cent over the previous year.
The bituminous tonnage was 6,900,215 tons, an increase
of 498,123 tons, or 7.78 per cent over the previous year.
The coke tonnage was 1,727,183 tons, an increase of 88,212
tons, or 5.38 per cent.
The coal tonnage of the Company was 49.80 per cent of the
total tonnage transported.
General Freight Traffic.
Company during
the year, including both merchandise and coal, was 31,561,623 tons, an increase of 1,726,518 tons, or 5.79 per cent.
The number of tons carried one mile was 5,163,595,295, a
decrease of 25,563,072 ton miles, or .49 per cent less than the
previous year.
The total revenue derived from the transportation of
freight was $32,181,378 48, as compared with $32,522,741 89
for the year 1904, a decrease of $341,363 41, or 1.05 per cent.
The general average freight rate per ton per mile was .623
cents as compared with .627 cents the previous year, a decrease of .004 cents, or .64 per cent.
In addition to the above tonnage, 3,081,532 tons of Company's freight were hauled, making the total tonnage handled
34,643,155 tons.
In hauling this tonnage, 12,522,806 train miles were
run, a decrease compared with the previous year of 446,183
train miles, or 3.44 per cent.
The revenue per freight train mile was $2 57, as compared
with $2 51 the previous year, an increase of 6 cents, or 2.48
per cent. The average train-load of revenue freight was
412.34 tons, an increase of 12.22 tons, or 3.05 per cent. Including Company's freight, the average train-load was 440.58
tons as against 428.78 tons last year, an increase of 11.80
The average car-load of revenue
tons, or 2.75 per cent.
freight was 17.70 tons, an increase of .26 tons, or 1.49 per
Including Company's freight, the average car-load
cent.
on the system was 18.91 tons, an increase of .23 tons, or 1.23
per cent more than the previous year.
The
total revenue freight traffic of the
THE CHRONICLE.
Oct. 14 1905.]
Pass? not
r
Traffic.
The total number of passengers carried during the year
was 20,755,414, an increase of 359,974 passengers, or 1.76
per cent.
1187
There is an increase of $298,432 16 in the account Freight
Cars Destroyed or Sold, resulting from the plan adopted to
dispose of old cars which, by reason of their age, are expensive to maintain and, on account, of their light capacity,
are unsuitable for service.
During the year 500 forty-ton steel underframe box cars,
300 thirty-ton steel underframe refrigerator cars, 2 fiftyton steel gondola cars, 25 caboose cars, 1 passenger car,
1
postal car and 1 baggage car have been received and paid
At
for out of the Reserve Fund for the renewal of cars.
the close of the year there is a balance of $558,762 76 available for replacement purposes! and the equipment for
which this reservation was made is now under construction.
The number of passengers transported one mile was 568,318,144, an increase of 18,560,504 passenger miles, or 3.38
per cent.
The increase in gross revenue therefrom was §319,903 35,
or 3.96 per cent.
The average fare received from each passenger per mile
was 1.47S cents, an increase of .009 cents, or (il per cent.
The average distance traveled was 27.38 miles, an increase of .43 miles, or 1.5S per cent.
Your Company's floating equipment in New York Harbor
The average revenue received from each passenger was
and vessels on the Great Lakes have been fully maintained.
40.46 cents, an increase of .S6 cents.
In handling the traffic 8,992,710 train miles were run, an
Conducting Transportation.
increase of 3.4S per cent over the previous year.
The expense of Conducting Transportation decreased
The earnings per passenger train mile were $1,115, an in$221,610 37, or 1.32 per cent less, than the previous year.
crease of .58 per cent.
The average number of passengers in each train was 63.20, The number of tons of freight moved shows an increase
of 5.79 per cent and the number of passengers carried shows
a decrease of .06 passengers, or .09 per cent.
number of passengers in each car was 17.62, an increase of 1.76 per cent.
The average
The number of tons of freight carried one mile decreased
an increase of .20 passengers, or 1.15 per cent.
While the volume of the business increased 1.76 per cent 0.49 per cent. The average distance each ton was moved
and the earnings 3.96 per cent, the train mileage increased (lining the current year was 164 miles, a decrease of 10
miles, or 5.94 per cent, as compared with the previous
3 48 per cent.
Of the total number of passengers carried, 20,083,187 were year.
local and 672,227 were through passengers, the local traffic
COAL COMPANIES.
showing a substantial increase in volume and a slight increase in average revenue received per passenger per mile.
The financial condition of your coal Companies at the
There was a decrease in the volume of through traffic trans- close of the year is shown by the Consolidated Balance
ported and a decrease in the average revenue received per Sheet published on page 17 of pamphlet. The income
passenger per mile.
account is credited with $2,190,439 34, less interest on
17,321,759 passengers were carried by the Pavonia Ferry Pennsylvania Collateral Gold bonds and Sinking Fund, as
over the Hudson River, an increase of 777,832 over last year. the net revenue of these companies for the year.
.
EXPENSES.
Maintenance
The expense
of
of
Way and
Maintenance
of
CONSTRUCTION.
Structures.
Way
and Structures shows
a decrease of S403,946,72, or 10.21 per cent less than the
previous year. The property has been fully maintained.
The decrease is largely accounted for by the unusual expenditure required during the previous year to repair the damage
caused by the flood of October 1903.
29 bridges were replaced by new structures with heavier
carrying capacity.
20,612 tons of new 90-pound and 1,853 tons of new 80pound steel rail were placed in the track during the year,
with the necessary frogs, switches, etc.
750,114 cross-ties and 2,030,477 feet of switch timber
were placed in the track, together with 50,409 tie plates.
155.7 miles of track were fully ballasted and 13.3 miles of
track were partially ballasted.
16.8 miles of new right-of-way fences were built.
33.6 miles of passing and other Company's sidings and 10.4
miles of industrial side tracks were constructed.
29 miles of telegraph lines were rebuilt and 185 miles of
additional wire hung.
Xew passenger stations have been erected at Montclair
Heights and Caldwell, N. J., and combined passenger and
The passenfreight stations at Endicott and Atlanta, N. Y.
ger stations at Dunkirk, N. Y., and Creston, O., have been
The Company's Capital or Construction Account for the
year is charged with $1,026,236 83, representing a portion
of the expenditures for additions and betterments made
These improvements consist chiefly of:
to the property.
Land, Coal Storage Plants, Development, of Coal Property,
Elimination of Grade Crossings, Additional Tracks and
Sidings.
From December 1 1895, the date of the organization of
Company, to June 30 1905, $6,161,734 78 has been
this
expended in improvements and additions to the property
and charged to Capital Account, as follows:
Elimination of Grade Crossings
Yards, Stations and Buildings
Reducing Grades and Re-locating Tracks
Additional Tracks and Sidings
Signals and Interlocking
Pen Horn Creek Railroad
Goshen Railroad
Coal Storage Plants...
Coaling Stations
Development of Coal Property
66
82
75
96
02
11 ,898 28
64,080 73
643,128 68
85,362 95
57,444 62
255,323 61
24,558 10
841,636 11
5,595 69
229,562 80
Docks and Piers...
Bridges and Culverts
Land
Telegraph Line
Additional Machinery
Total
$6,161,734 78
EQUIPMENT.
rebuilt.
Maintenance
The expense
81,600,536
737,433
678,757
816,754
109,660
of
of
Equipment.
Maintenance of Equipment shows an
in-
Capital Account has been charged during the year with
$2,952,614 84 for additional equipment as follows.
(For
increase of $1,027,449 38, or 15.64 per cent over the previous details, see pamphlet report).
From Dec. 1 1895 to June 30 1905 $24,131,476 24 has
year.
increased been expended for new equipment charged to Capital AcThe cost of repairs and renewals of locomotives
$844,534 95, and is chargeable to the increased number of count, and represents the purchase of:
locomotives receiving heavy repairs and to the restricted
510 Locomotives
85,591,95120
shop facilities for the number of locomotives in service. 11,500 Box Cars
With the extensions to the shops and increases in the shop 1 ,500 Coal Cars Cars
500 Refrigerator
machinery and tools now under way, it is expected that the
184 Flat Cars
} 16,370,399 21
100 Furniture Cars
cost of maintaining locomotives will be. materially reduced.
20 Caboose Cars.
59 locomotives were remodeled and 3 new six-thousand6 Milk Cars
gallon capacity locomotive tenders were constructed and the
80 Passenger Cars
1 Parlor Car
cost charged to Expenses.
2 Dining Cars
56 worn-out light locomotives were put out of the service
8 Baggage Cars
862,267 03
}
and their inventory value charged to Expenses, as compared
20 Sixty-foot Express Cars.
6 Horse Express Cars
with 25 the previous year.
1 Business Car
The tractive power of locomotives is 38,391,017 pounds,
7 Derrick Cars
96,869 18
an increase of 2,843,460 pounds.
1 Rotary Snow Plow
2 Lake Steamers
_
fiscal
The total number of locomotives at the end of the
1,025,155 22
3 Ferry Boats
}
year was 1,292, an increase of 37 over the previous year,
4 Tugs
93 new locomotives having been received and 56 old loco181,800 16
257 Canal and Transfer Boats
1
20 Barges
motives disposed of as stated above.
J
3,028 24
Miscellaneous Equipment
The average age of the locomotive equipment is 12 years,
5 months, a decrease of 4 months from the previous year.
$24.131.17.. 24
Total
'
1
I
The average mileage made by locomotives
in
passenger
was 52,304 miles, an increase of 4.72 per cent. The
average mileage made by locomotives in freight service
wa- 35,590 miles, a decrease of 4.91 per cent.
During the year 3 locomotives have been received and
ADDITIONS AND 1MPROVKM1 NTS
service
During the year $1,547,280 02 has been expended for
improvements and additions to the property, of winch
Account of
paid for from the Reserve Fund for renewals of locomotives. $1,360,555 43 has been charged to the Income
$186,724 59 has been charged againsl
At the close of the year there is a balance of 8108,297 05 the current year and
of the income for
available for replacement purposes, and the equipment for the amount set aside for this purpose out
(For details see pamphlet
30 1903.
which this reservation was made is now under construc- the year ending June
tion.
report.)
THE CHRONICLE
1188
EQUIPMENT TRUSTS.
$136,320 00
825,526 93
150,411 75
$675,115 18
3,457,498 00
Leaving a balance of
During the year Equipment Trusts have been made cov-
$47,915 42
797,900 00
1,600,000 00
$2,445,815 42
Upon which payments have been made
June 30 1905
Leaving a balance
Making the
total
199,895 00
-
2,245,920 42
of
Equipment Trusts outstanding
30 1905
The
to
of
as of
June
$6,378,533 60
-
total
payments account of Equipment Trusts
$1,503,592 64
the year amounted to
made during
CAPITAL STOCK AND FUNDED DEBT.
The authorized issue of the Common Stock of the Company has been increased during the year in an amount
sufficient to provide for the conversion of the
$10,000,000
Four per cent Convertible Fifty-year Gold Bonds issued
uuder date of April 1 1903.
If* 'No
change has been made in the outstanding Capital
Stock, which is as follows:
A uth.oj'izpd 1 s^suc
Non-cumulative 4 per cent First Preferred.. $48,000,000
16,000,000
Non-cumulative 4 per cent Second Preferred
133,000,000
Total..
I ssucd
$47,892,400
16,000,000
112,378,900
$197,000,000
Common
;i
Certificates
Leaving a balance on that date of
Of the Equipment Trusts created prior to this fiscal year.
$4,474,463 89
There was a balance on June 30 1904 of
Upon which payments have been made to
1,016,965 89
.
June 30 1905 of
ering
10 Express Cars..
1,000 Box Cars
2,000 Metal Coal Cars
Expenses and Equipment Account credited,
portion of the cost of the 544 box cars purchased during
the year ending June 30 1901, to which reference was made
in the report for that year.
The account "Miscellaneous Securities Owned" shows
an increase of $27,510 48, due to your Company having
received Erie Railroad Company General Lien Bonds, Bath
& Hammondsport Railroad Securities, Capital Stock of the
Erie & Jersey Railroad Company and other miscellaneous
securities in excess of the $21,000 Car Trust of New York
to Operating
Of the Equipment Trusts assumed by your Company
from the New York Lake Erie & Western Railroad Company,
There was a balance on June 30 1904 of
All of which was paid during the year ending June 30 190.5.
Of the Trusts assumed from the N. Y.
Pennsylvania & Oliio Railroad Co.,
There was a balance on June 30 1904 of
Upon which payments have been made to
June 30 1905 of
[Vol. lxxxi.
$176,271,300
'
and $25,000
of
Mutual Terminal Company of
Buffalo bonds redeemed and $710,000 Chicago & Western
Indiana Railroad Company bonds sold.
There is $1,397,600 68 less invested in materials than at
the close of the last fiscal year.
The increase in the account "Chicago & Western Indiana
Railroad Sinkng Fund" was $318 01, and in the account
"Cash with Trustees of Sinking Fund" $3,352 16, both
increases representing larger balances on deposit with
Trustees than at the close of the previous fiscal year.
During the fiscal year Messrs. J. P. Morgan & Company,
as Trustees of the Pennsylvania Collateral Sinking Fund,
redeemed $347,000 00 par value of the Erie Railroad Company's Pennsylvania Collateral Four per cent Gold Bonds,
paying therefor $331,631 25, which amount represents the
increase in the account "Pennsylvania Collateral Trust
Bonds Redeemed." The total par value of these bonds
redeemed at the close of the year is $1,115,000 00.
The account "Line, Traffic Association and Agency
Funds" increased $1,896 36, due to your Company having
established additional working funds for engineering purposes, less amounts withdrawn from certain working funds
in cases where the amount deposited was in excess of the
requirements of the association of which it is a member.
The account "Due from Subsidiary Companies" increased
$890,367 85, practically all of which is due from the Erie
Coal Companies and is amply secured.
The increase in "Bonded Debt" has been explained.
The account "Construction Obligations" shows an increase of $98,690 15, representing $110,690 15 due the City
of Buffalo for grade-crossing work in excess of amounts paid
during the year for that purpose, less $12,000 00 paid on
Construction Notes of the New York Lake Erie & Western
Railroad Company.
Of the Prior and'General Lien Bonds secured by the First
The account "Mortgages on Real Estate" has been reConsolidated Mortgage Deed, an additional $1,365,000
duced $4 ,000 00 by payments made during the year.
General Lien Bonds have been issued during the year and
The increase in "Equipment Trusts Outstanding" has been
are held in the treasury.
The total amounts of bonds issued under [that mortgage heretofore explained.
The account "Reserve Funds," which consists of two
now outstanding are:
The item "For Improveitems, decreased $55,746 74.
$35,000,000
Prior Lien Bonds
40,409,000 ments authorized to June 30 1903," decreased $194,252 91,
General Lien Bonds.
due to charges against this account as heretofore explained
Of the Convertible Fifty-year Gold Bonds secured by the
under the head of "Additions and Improvements" and in
General Mortgage of April 1 1903, $6,500,000 have been
making the total amount of these the Profit and Loss Account; the item, "Miscellaneous
issued during the year,
Special Funds," increased $138,506 17, due to your Combonds issued to June 30 1905 $10,000,000.
pany having retired from service cars, locomotives and
The statements published herewith show in detail the
equipment of a greater value than were rebuilt or
Company's entire funded debt, rentals of leased lines and floating
purchased during the year and charged to this account.
other fixed obligations as of June 30 1905.
The increase of $340,838 70 in the account "Accrued.
INCOME ACCOUNT.
Pennsylvania Coal Company's Sinking Fund" represents
$45,724,737 62 ten cents per ton on all coal mined from the mines of the
Gross Revenue from Operations
Operating Expenses and Taxes
Net Earnings from Operations.
Income from
Securities
Owned
33,142,208 08
$12,582,529 54
1,048,689 00
$13,631,218 54
9,224,622 83
Gross Income
Less— Interest and Rentals
Net Income
Expended
Balance to Credit of Profit and Loss
Value as placed
on the Books
00
00
22
00
00
00
Cash Realized
from Sale.
Buff. & Southw. RR. Second Lien Bonds. $126,720 00
Erie RR. Company's Prior Lien Bonds
414,000 00
N. Y. & Greenwood L. Ry. Prior Lien B'ds.
385,570 22
Erie RR. Company's General Lien Bonds... 1,214,908 93
Del. & Hud. Exclusive Car Trust Certific.
630.000 00
Car Trust of New York Certificates
202,000 00
$2,750,655 22
$4,406,595 71
for Additions and Improvements. $1,360, 555 43
Dividends on 1st Preferred Stock
No. 8, Payable Feb. 28 1905.. $957 ,848 00
No. 9, Payable Sept. 7 1905.. 957,848 00
Dividends on 2d Preferred Stock
No. 1, Payable Oct. 9 1905... $320,000 00
No. 2, Payable April 9 1906.. 320,000 00 2,555,696 00
Pennsylvania Coal Company during the fiscal year.
Of the securities for construction purposes turned over by
the Erie Reorganization Committee, $2,750,655 22, there
have been converted into cash the following:
$2,973,199 15
January 1897.
$115,200
405.000
364,055
1,034,400
630,000
202,000
3,916,251 43
$490,344 28
FINANCIAL.
4, shows the financondition of the Company at the close of the fiscal year.
The Prior Lien Bond issue is unchanged. Your Company
has received from the Trustee $1,365,000 of General Lien
Bonds, being the fifth million of the $17,000,000 of General
Lien Bonds reserved for construction purposes and $365,000
The General Balance Sheet, Table No.
cial
Your Company
of Equipment Trust payments.
entitled to receive about $180,000 more of these bonds
on account of Car Trust of New York and N. Y. P. &.
Car Trust payments. Your Company has also received
from the Trustee of the General Mortgage an additional
$6,500,000 of Convertible Bonds, which have been sold
under the terms of the contract to which reference was
made under the head of General Remarks in the report for
the year 1903.
The account ''Erie Railroad Properties, including Leased
Lines," shows an increase of $1,135,470, due to charging
this account with the discount on bonds sold during the
year, in addition to some small amounts paid account of
the Receivers of the New York Lake Erie & Western Railon account
is
O
road Company.
The increase of $1,026,236 83 in Construction and $2,917,013 59 in Equipment has been explained, with the exception that during the fiscal year there has been charged
In addition to these securities there have been certified by
the Trustees of the Erie Railroad Company's First Consolidated Mortgage Deed and turned over to your Company to
reimburse it for expenditures already made, $5,000,000 00
Erie Railroad Company's Prior Lien Bonds and $5,000,000 00
Erie Railroad Company's General Lien Bonds; and by the
Trustees of the Erie Railroad Companv's General Mortgage
$10,000,000 00 Erie Railroad Company"'s Convertible Bonds.
Of these securities there have been converted into cash the
following:
Cash Realized
Par Value.
$5,000,000 00 Erie
3,000,000 00 Erie
10,000,000 00 Erie
RR.
RR.
RR.
Co.'s Prior Lien Bonds
Co.'s General Lien Bonds
Co.'s Convertible Bonds
still
8,500,000 00
S15,523,995 38
$18,000,000 00
Leaving
from Sale.
S4, 539,884 27
2,484,111 11
in the Treasury
Bonds
$2,000,000 00
1895 to June 30 1905 your Company
has received cash from all sources for Construction and
Equipment purposes, as follows:
$500,000 00 From sale of Erie & Wyoming Valley Railroad Stock.
Erie
RR.
Co.'s General Lien
From December
1
500,000 00 Cash received in settlement with the National Transit
Company on account of an old claim.
4,343,850 13 Cash turned over by the Erie Reorganization Committee.
2,973,199 15 Cash realized from the sale of securities turned over by
the Erie Reorganization Committee.
7,023,995 38 Cash realized from the sale of securities obtained from the
Farmers' Loan & Trust Company, Trustee.
—
—
THE CHRONICLE.
Oct. 14 1905.)
$15,341 044 66 Brought toward
18,600,000 00 Cash realized from sale of securities obtained from the
Standard Trust Company of New York, Trustee.
2,500 00 Received from sale of l'. 0. >^ v. nil. Bonds turned over
to the Brie l(H. Company by the Receivers of the
New York Lake Brie A western KK. Co.
4,">7,S67 50 Cash realised from the sale of Capital Stock of the Northern KK. Co. of New Jersey, originally paid for by the
Brie Reorganisation Committee from Construction
Funds, ami sold June 1 1809 by the Erie KK. Co.
-'00,000 00 Amount received account of sale of the Union Dry Dock
franchises, etc.
14 1901 by the English Government account of Special Tax Deposit by the Brie Reorganization Committee.
107.9S9 22
Amount returned June
230,237 05
Amount received to enable the Company to purchase
Erie A Wyoming Valley RR. Equipment.
124,830,628 43
This
amount has been used
to partially reimburse
your
Company
for the following expenditures:
$457.S67 50 For purchase of Northern RR. Co. of
as explained above.
4.991,320 04 New Construction.
is, 509, 191 19
1
New
Jersey Stock,
New Equipment.
New York Lake
Erie St 'Western Car Trusts.
05,000 00 Payment of Mortgages on Real Estate.
;>4S,377 50 Disbursed on account of Union Steamboat Co. in liquidation of its affairs and in building or acquiring additional property.
111,243 66 Liquidating Receivership New York Lake Erie & Western RR. Co.
729, till OS Old
§20,212,611 57
Your Company has therefore expended from its current
cash for liquidating the Receivership of the New York
Lake Erie & Western Railroad Company and for construction and equipment purposes from December 1 1895 to
June 30 1905 SI, 372,983 14, for which it is or will be entitled
to be reimbursed from the sale of either Erie Railroad Company's General Lien Bonds or Erie Railroad Company's
Convertible Bonds.
The amount stated as having been expended for New
Equipment includes payments amounting to $4,796,714 45,
made on cars and locomotives which are covered by New
Equipment Trusts.
The Erie & Wyoming Valley Railroad, the Pennsylvania
Coal Company and the Delaware Valley & Kingston Railroad
Construction accounts have been kept separately, and to
June 30 1905 there has been expended on these accounts
§542,939 35. 8885,761 14 has been realized from the sale of
securities heretofore received from the Trustee of the PennOf this amount $542,939 35
sylvania Collateral Indenture.
has been used to reimburse the Company for expenditures on
these accounts, and the balance, $342,821 79, is held to be
expended in accordance with the terms of this mortgage.
Your Company has therefore expended under the terms
of the First Consolidated Mortgage Deed, the General Mortgage and the Pennsylvania Collateral Indenture, $1,030,16135, for which it has not yet been reimbursed from the sale of
bonds.
In acordance with the usual practice, your Company's
accounts for the year have been examined by Messrs.
Haskins & Sells, Certified Public Accountants, and the
result of this examination is stated in the Accountants'
Certificate published in the pamphlet report.
•
GENERAL REMARKS.
Additions and improvements to the property and equipment of the Company aggregating $5,526,131 69 have been
made during the year, of which $3,978,851 67 has been
TABLE 2— INCOME
1180
charged to Capital Account, and 11,547,280 02 lias been
paid from the Company's Income as shown on another page.
In furtherance of the plan of shortening, Straightening
line and grade of the road, the Erie <x
Jersey Railroad Company has Decn organized under the laws
of the State of New York to construct a railroad from a point
on the line of the Erie Railroad at Highland .Mills, Orange
County, New York, to a point on the line of the Erie Hailroad in the town of Mount Hope, Orange County, New
York, a distance of about forty-two miles, and has been
authorized to place a mortgage upon its property and
franchise now or hereafter acquired to secure an issue of
$ 10 ,000 ,000 00 of bonds for the purpose of building and
equipping its railroad and for its other lawful purposes.
Your Company has entered into an agreement with the
Erie it Jersey Railroad Company providing for the transportation over its line when constructed of all of the Erie
Company's through freight traffic which can be so handled
to the profit and advantage of both Companies, and under
which arrangement it is expected that the cost of your
transportation will be materially reduced.
The necessary property has been acquired to provide for
the changes and extension of the terminal at Jersey City.
Additional property has been acquired at Coalberg and
contracts entered into for an extension of the coal storage
plant at that point, further increasing the storage capacity
50,000 tons.
During the year 126 industries with track connections
were located on the line of road and 24 were located where
they are reached by paying switching charges to other
and improving the
companies.
There has been an increment of $16,862 58 to the Insurance Fund during the year, the balance remaining to the
credit of this Fund at the close of the year being $614,557 69.
$18,915,902 96, or 57.1 per cent of the total Operating
Expenses, was paid by the Company direct to labor, being
distributed among 32,704 employees.
$567,196 70 was paid during the year for mileage on private
freight cars.
Mr. George F. Baker was on October 18 1904 elected a
fill the vacancy in the Board caused by the
J. Lowber Welsh.
The thanks of the Board to the officers and employees for
their efficient services are hereby tendered.
Respectfully submitted by order of the Board,
F. D. UNDERWOOD, President.
Director to
death of Mr.
TABLE 3.— PROFIT AND LOSS ACCOUNT FOR THE YEAR
ENDING JUNE 30 1905.
Balance at Credit of Profit and Loss Account
June30 1904
Income Account
for
Year
Ending June 30 1905.
Unexpended balance of amount
490,344 28
set aside from
the surplus of the year ending June 30 1903
certain Additions and Improvements
which have been completed at a cost less
less than the amount appropriated therefor
Miscellaneous mall Credits
for
Maintenance of Way and Structures.
Maintenance of Equipment
Conducting Transportation
Traffic Department Expenses
General Expenses
83,553,410
7,595,750
16,544,365
912,123
1,116,539
Credit Balance Carried
Forward June 30 1905
Gross Earnings
Railroad
Freight
Coal
Passenger
Mail
27
50
15
63
$29,722,189 02
990,647 52
Other Operations —
30
$11,490,590 77
1905.
—
Express
Rents
47
Taxes
7,528 32
8,563 23
Deduct—
811,549,788 20
Discount on Bonds sold
$44,550 00
Various Amounts Charged to Profit and Loss,
account of bad debts, including uncollectible amounts due from subsidiary companies 14,647 43—
59,197 43
By
—
$11,043,352 37
Add—
Credit Balance of
ACCOUNT (ENTIRE SYSTEM) FOR THE YEAR ENDING JUNE
To Operating Expenses and Taxes
Railroad
—
Miscellaneous
820,553,002
11,628,375
8,397,367
486,799
918,957
151,993
86
62
62
02
59
02
1,185,151 19
$43,321,646 92
Other Operations —
Water Routes
Shipping and Coal Storage Plants
$2,102,208 99
178,742 12
148,420 43
Elevators. Stock Yards, etc
Water Routes
Shipping and Coal Storage Plants.
2,429,37154
Elevators, Stock Yards, etc
$1,978,491 88
261,057 80
163,541 02
2,403,090 70
Total
Operating Expenses and
Taxes
To Accrued
$33,142,208 08
Interest on
Bonds
Less Interest on Pennsylvania Collateral 4 per cent Gold Bonds
1,320,000 00
7,571,076 77
To Accrued Rentals of Leased Lines
To proportion due leased lines operated
1,153,622 74
on a Percentage of Earnings
Accrued Interest on Equipment Trusts.
Accrued Interest on Mortgages
Accrued Interest on Construction
Net Income
176,892 98'
264,248 94
36,829 76
21,951 64
4,406,595 7!
To
To
To
To
i
$45,724,737^62
By
$8,891,076 77
'
Total Gross Earnings
Miscellaneous Income from Other
Sources
Interest on Securities held by the Erie
Railroad Company
Interest and Discounts
Erie Coal Companies
Less Interest on Penn
sylvania Collateral 4
per cent Gold Bonds.$l ,320,000 00
Less Pennsylvania
Coal Co. Sinking
Fund
309,798 70
373,964124
114,084.12
$2,190,439 34
n
1,629,798 70
$46,773,426 62
Net income
for the
Year
$4,406,595 71
$1,360,555 43
Expended
for Additions and Improve's
Dividends Nos.S and 9 on First Pref. Stock
Dividends Nos. 1 and 2 on Second Preferred Stock
Surplus for the Year.
1,915,696 00
640,000 00
3.916,25143
1490,344 28
•
660,640 64
$46,773,426 62
THE CHRONICLE.
1190
Vol. LXXX1
TABLE. 4— CONDENSED GENERAL BALANCE SHEET (ENTIRE SYSTEM) COMPARATIVE—JUNE 30
AND JUNE
AS8ET8.
June 30 1904.
$244,754, 580 09
66,369, 850 00
6 000 00
20.010, 000 00
1.240, 000 00
1905
30 1904.
June 30 1905.
Cost of Road and Equipment us Reorganized
Erie Railroad Properties, including Leased Lines
Securities pledged under 1st Consolidated .Mortgage Deed
Securities pledged under Erie Railroad General Mortgage
Securities pledged under Pennsylvania Collateral Trust Deed.
Securities pledged under Chicago & Erie 1st Mortgage Deed..
$245,890,050
65,369,850
6,000
20,010,000
1,240,000
09
00
00
00
00
$332,515,900 09
Additions Since December
Construction
5,135.497 95
New Equipment
21,295,596 02
1
1895—
$6,161,734 78
24,212,609 61
30,374,344 39
—
Total Cost of Road and Equipment
Miscellaneous Securities Owned
Held for General Purposes
Held for Construction Purposes
Consolidated Mortgage Deed.
To be pledged under 1st
5,760,562
1,021,000
578,926
New York Susquehanna & Western RR.
$362,890,244 48
$5,809,073 19
1,000,000 00
578,926 00
7,387,999 19
Capital Stock-
$6,262,400 00
5,748,900 00
Preferred
6,262,400
5,748,900
Common
12.011,300
2,512,644
500,000
13,945
6,401
1,037,574
27,304
2,679,818
10,718
Materials and Supplies on Hand
Securities in Trust for Insurance
3,910,244
500,000
13,627
3,048
705,943
25,408
1,789,450
71,390
Fund
Chicago & Western Indiana Sinking Fund
Cash with Trustees of Sinking Fund
Pennsylvania Collateral Trust Bonds Redeemed Par Value
($1,115,000 00).
Line, Traffic Association and Agency Funds..
Due from Subsidiary Companies
Insurance and Expenses Paid not Accrued
—
Cash in hands of Treasurer
00
18
00
87
08
38
69
22
41
Current Assets
3.139,693
878,535
544,002
122,642
1,323,332
$7,675,803
1,018,021
.
453,355
122,404
1,876,819
Cash in transit from Agents and Conductors
Due from Agents and Conductors
Due from United States Government
Due from Companies and Individuals
59
82
20
48
40
11,146,404 49
S400.224.354 99
$390,210,633 35
LIABILITIES.
June 30 1904.
$47,892,400 00
16,000,000 00
112,378,900 00
June 30 1905.
Capital Stock
1st Preferred Non-cumulative.
2d Preferred Non-cumulative.
$47,892,400
16,000,000
112,378,900
Common
$176,271,300 00
Bonded Debt
149,330,600 00
23,960,500 00
12,300,000 00
.
.
Erie Railroad Company
Leased Lines
Chicago & Erie Railroad
$157,195,600
23,960,500
12,300,000
Company.
193,456,100 00
Construction Obligations
Erie Railroad Company
516,785 24
New York Lake Erie & Western Railroad
24,000 00
$627,475
12,000
Company.
639,475 39
762,850 00
766,850 00 Mortgages on Real Estate
Equipment Trusts Outstanding
New Equipment Trusts
4,474,463 89
New York Lake Erie & Western Railroad Trusts
136,320 00
New York Pennsylvania & Ohio Railroad Trusts
825,526 93
$5,703,418 42
675,116" i§
6,378,533 60
1,523,219
6,859
44,102
71,808
2,786
20,607
98
95
08
07
67
16
Interest and Rentals Accrued
Interest on Bonded Debt
Interest on Mortgages
Interest on Equipment
Interest on Construction
Accrued Rentals
Accrued Rentals
Not Due
$1,588,219
6,859
51,853
86,397
268
20,724
of Buildings and Piers.
of Leased Lines
1,754,324 06
957,848 00
Dividends on Preferred Stock
No. 9 on 1st Preferred, payable September 7 1905.
No. 1 on 2d Preferred, payable October 9 1905
No. 2 on 2d Preferred, payable April 9 1906
$957,848
320,000
320,000
1,597,848 00
—
Reserve Funds
For Improvements Authorized to June 30 1903.
?522,096 82
Miscellaneous Special Funds
366,964 33
$327,843
505,470
833,314 41
1,204,780 49
863,941 79 Accrued Pennsylvania Coal Co. Sinking Fund.
.
Current Liabilities
Interest on Bonds Due and Unpaid
1,768,526
Interest on Equipment Due and Unpaid
25,767
Rentals of Leased Lines Due and Unpaid
169.950
Interest on Construction
5,702
Interest on Mortgages
5,286
Rentals of Buildings and Piers
907
—
,430,093
2,267,770
506,694
$1,793,870
17,193
181,335
7,362
5,286
Pay Roll Account
Audited Vouchers
Due Connecting Lines
1,617,968
1,539,339
672,881
5,835,238 27
11,490,590 77
11,043,352 37 Profit and Loss.
5400.224,354 99
$390,210,633 35
TABLE 13.— ANALYSIS OF TRAFFIC EARNINGS AND EXPENSES (ENTIRE SYSTEM) FOR THE YEARS ENDING
JUNE 30 1905 AND 1904.
Decrease.
Increase.
1905.
1904.
Per
Amount.
Mileage of road operated
2,150.215
Cent.
.722
Cent.
.03
1.019.618
14,824,811
15,844,429
15,010,294
706,900
15,717,194
1,726,518
31,501,623
29,835,105
_ _ 5,163,595,295
5,189,158,367
173.928
163.604
$32,522,741.89
$32,181,378.48
.627
Cents
.623
Cents
$15,125.34
$14,961.56
$2.50773 Cents
6.209
$2.56982
$1.77652 Cents
5.951
$1.83003
Freight expenses per train mile, excluding WaterLines
400.12
12.22
412.34
Average number of tons of freight in each train
Average number of tons of freight in each train, in11.80
428.78
440.58
.26
17.44
17.70
Average number of tons of freight in each loaded car.
Per
Amount.
6.88
4.71
5.79
2,150.937
*'
Freight Traffic—
of tons of general freight carried
of tons of coal carried
Total number of tons of all freight carried a
Total number of tons of all freight carried one mile.
Number
Number
25,563,072
10.324
$341,363.41
.004
Cents
$163.78
2.48
3.35
3.05
2.75
1.49
.49
a 04
1.05
64
1.08
.
.
.
THE CHRONICLE.
Oct. 14 1905.
1191
Increase.
1905.
Decrease.
1904.
Per
Amount.
t
Amount.
Cent.
Per
Cut.
—
Passenoer Traffic
of passengers carried
ol passengers carried one mile
Average distance per passenger
Total passenger revenue..
Average earnings per passenger per mile
Total passenger train earning iger train earnings per mile of road
oger train earnings per train mile
Average number of passengers In each train
Average number of passengers In each car .
20,755,414
20,395, 140
568,318,144
549,757 ,640
-r,.()55
27.882
88,897,367.63
S8.077 ,464.27
Cents
1.47S
Cents
169
S 10.022,500.78
59,629 ,704.93
S4.b59.60
$4 ,478.48
$1.11451
$1.1081
63.20
63.26
Number
Number
I
17.62
359 974
1.76
18,560, 504
3.38
.427
$319, 903.35
Cents
.009
3.96
$392 705. s.-,
181.12
Cents
1
.58
.61
4.08
4.04
.640
.58
.06
17.42
.20
.09
$21,460.06
$16.32
.05
.09
1.15
—
Earnings and Expenses
Freight and passenger earnings
Freight and passenger earnings per mile of road
Gross earnings, all sources Railroad
Gross earnings per mile of road
Gross earnings per train mile
Operating expenses and taxes
Operating expenses and taxes per mile of road
Operating expenses and taxes per train mile
Net earnings
Net earnings per mile of road
Net earnings per train mile
—
-
$40,578,746.10
$40,600,206.16
818,865.61
$18,881.93
$43,321,646.92
$316,433.53
$43,005,213.39
$20,140.83
$140.41
$20,000.42
$2.01351
Cents
2.797
$1.98554
$30,712,836.54
$450,127.60
$30,262,708.94
$14,278.82
$204.55
$14,074.27
$1.42747
3.025
$1.39722 Cents
$12,608,810.38
$12,742,504.45
$5,862.01
$5,926.15
Cents
58.603
Cents
58.832
.74
.70
1.41
1.49
1.45
2.17
$133,694.07
$64.14
Cents
.229
1.05
1.08
.39
a The coal and other supplies transported for the Company's use in 1905 amounted to 3,081,532 tons, increasing the aggregate tonnage to
34.643.155.
TABLE 14.—ANALYSIS OF TRAFFIC EARNINGS AND EXPENSES (ENTIRE SYSTEM) FOR THE FIVE YEARS ENDING
JUNE
30 1901, 1902, 1903, 1904
1901.
Mileage of road operated
AND
1903.
1902.
2,155.737
1905.
2,152.962
2.153.743
1905.
1904.
2,150.215
2,150.937
Freight Traffi
of tons of general freight carried
of tons of coal carried
Total No. of tons of all freight carried
Total No. of tons of all freight carried
Average distance hauled per ton
15,844,429
13,725,395
15,286,081
17,364,304
14,824,811
12,274,207
14,281.422
15,717,194
12,411,078
15,010,294
25,999,602
27,697,159
31,645,726
29.835,105
31,561,623
1 mile 4,989,581,988
'5,407,350,489
5,189,158,367
i5, 163, 595, 295
4,756,339.949
191.910
170.871
173.928
163.604
171.727
Total freight earnings
$29,284,996.25
$33,074,924.36
$32,522,741.89
$32,181,378.48
$28,325,288.75
.587
ICents
.602
.627
Cents
Average earnings per ton per mile
Cents
Cents
.596
Cents
.623
$14,961.56
$13,584.68
$15,362.52
$15,125.34
F, eight earnings per mile of road
$13,151.65
$2.20187
$2.48461
$2.56982
Freight eanungs per train mile
$2.24225
$2.50773
406.20
412.34
Average No. of tons of freight in each train.
375.16
376.52
400.12
Average No. of tons of freight in each train,
440.58-.
432.68
400.22
428.78
including company's material
399.76
Average No. of tons of freight in each loaded
17.7016.89
17.88
17.44
car
17.05
No.
No.
!
,
•
.
Passenger Traffic
—
20,755,414
19,976,353
20,395,440
17,209,900
18,597 550
568,318,144
469,670,388
509,232 ,576
528,997,362
549,757,640
27.382
27.291
26.481
26.955
27.382
$8,397,367.62$8,077,464.27
$7,278,053.75
$8,021,891.45
$7,639 ,501.43
Cents
1.469
1 .478
Cents
1 .550
1.500
1.516
Cents
Cents
Cents
$10,022,500.78
$8,610,102.26
$9,511,456.03
$9,629,704.93
$9,073 395.60
$4,659.60
$4,417.85
4,478.48
$3,994.04
$4 212.85
$1.11451
$1.10811
$1.04478
$1.06558
$1.11111
63.20
56.99
59.49
61.80
63.26
17.62 .
17.21
17.04
17.42
17.70
No. of passengers carried
No. of passengers carried one mile
Average distance per passenger
Total revenue from passengers
Average earnings per passenger per mile..
Total passenger train earnings
Passenger train earnings per mile of road. .
Passenger train earnings per train mile
Average No. of passengers in each train ..
Average No. of passengers in each car
Earnings and Expenses
.
-
—
Freight aiid passenger earnings
Freight and passenger earnings per mile of
$37,895,098.51
$37,398,684.35
$41,096,815.81
road
$17,578.72
$17 ,364.50
Gross earnings, all sources
$39 102,302.42
$38,409 ,225.37
$43
Gross earnings per mile of road
$18,138.72
$17 ,833.71
Gross earnings per train mile
$1.81524
$1.81625
Operating expenses and taxes
$28,406,974.27
$25,641 ,691.91
$27
Operating expenses and taxes per mile of r'd
$11 ,905.64
$13,177.38
Operating expenses and taxes per train mile.
$1.21252
SI .31873
Net earnings
$10,695,328.15
$12,767 533.46
$15
Net earnings per mile of road
928.07
$4,961.33
S5
Net earnings per train mile
Cents
60.373
49.651
Cents
Cents
.
I
I
$40,578,746.10
$40,600,206.16
$18,881 93
819,088.50
509,139.06
$43,005,213, 39
820,208.97
$20,000 42
$1.98924
$1 98554|
$30,262,708 94
597,508.41
$14,074 27
$12,818.39
$1 39722
SI. 26176
911,630.65
$12,742,504 45
85,926 15
$7,390.58
.58 832
Cents
72.748
.,
.
.
818,865.61
843,321,646.92
$20,140.83
82.01351
$30,712,836.54
814,278.82 .'
$1.42747
812,608,810.38
$5,862.01
nts
t. 58.603
•
.
•
.
.
I
Railroad Operations only included in 1902, 1903, 1904 and 1905.
—
—
Stromberg-Carlson Telephone Manufacturing Co. Divi- common dividend is not described as covering any'particular
See United States Telephone Co. below.
V. 78, period. The dividends on the ^preferred stock, now $12,"< "i
-i ,.•'»
p. 2015.
500,000, have been as follows:
dends.
—
^
—
Tacoma
"
.»• 1904-05.
Sept. 1900 to June '04.
("Wash.) Co. (Steel Corporation).
Official State- Dec. 1899 to June 1900.
-7% yearly.
7%
4% yearly.- ,:
ment.
A circular, signed by all the trustees except Vice- —V. 81. p.yearly.
.1
:
36. 30.
....a.j.
President E. M. Shelton, viz.: President Joshua Peirce;
United States Independent Telephone Co. Bonds Offered.
Henry Bucey, Secretary and Treasurer; A. F. Eastman and
The company on Oct. 9 authorized the execution of a colS. R. Balkwill, was sent to the stockholders on Sept. 7. This
circular in effect characterizes the recent Marshall and other lateral trust mortgage to Security Trust Co. of Rochester,
colN. Y., as trustee, to secure an issue of $25,000,000
suits as 'strike" litigation.
It also says:
In view of the cost and uncertainty attending all litigation, a majority lateral trust gold bonds, to be dated Oct. 2 1905 and to
of last year's board believed it much wiser to reach, by amicable adjust- mature Oct. 1 1935, but with the privilege of redeeming all
ment, a final disposition of the large block of pool stock which threatened of said bonds at any interest period by the payment of $1,150
the value of all individual holdings rather than allow it to go into the
courts for adjudication.
To this end a settlement was reluctantly ac- and accrued interest for each $1,000 bond. Of said bonds,
ceded to by the claimants of the pool stock. At the stockholders' meet- $17,000,000 are authorized to be issued immediately, and
ing on June 12 the total vote on the compromise was 4.589,268 shares the balance of $8,000,000 is to be held in escrow, under
for (par $1) and 493,664 shares against it (notwithstanding the alleged
of other
unauthorized use of proxies in opposition. Ed.). Eliminate the pool carefully guarded restrictions, for the acquisition
corporate securities or property.
Such $17,000,000 of bonds
stock and it stood 1 ,799,256 shares for and 493,664 shares against it
Eliminate the trust stock and the vote on the compromise then Stood are to be issued pursuant to contracts already made as a
909,260 shares for and 493,664 shares against it.
The company's properties are in good condition and we see nothing to result of which "the company will have $5,000,000 cash in
prevent the stock becoming valuable as soon as the litigation i- removed its treasury in addition to the securities pledged tinder the
and the settlement of the pool stock accomplished. On July 15 1905 the mortgage.
More than $7,000,000 of said $17,000,000 bon
trustees adopted a resolution setting apart 25'; of the net
from it is stated,
have been sold at private sale on a cash or proJuly =t for development work, 25% for reserve or emergency fund and
S0 c for dividends and with the continuance of the present outcome from perty basis equivalent to this offering, and the unsold portion
/r
the mine there is hardly a doubt of a dividend at the end of this year, thereof is offered for subscription on the following term-:
unless prevented by continued litigation.—V. si, p. 1104.
For each $1,000 subscribed and paid the subscriber will
United States Cast Iron Pipe & Foundry Co. First eeive a $1,000 bond and a voting trust certificate representing
Dividoul on Common 8tock. The directors on Tuesday Stock Of the par value of $400.
lared a first dividend,
p. c, on the 112,500,000 comAn advertisement say
mon stock, payable along with the regular dividend on the
tcurttu for Bomb.—The mortgage will be a first Uen on a majority o
hieh see
preferred stock Dec.
to holders of record No\
L0.
The the Capital Stock Ol New York Independent Telephon
—
•
•
•
—
•
-
•
•
,
—
5%
—
1
—
l
1
I
THE CHRONICLE
1192
above. Ed.), a majority of the capital stock of the Stromberg-Carlson
Telephone Manufacturing Co., and such additional shares of said companies and of other companies and other property as may he acquired
with said bonds or the proceeds of said bonds.
The Stromberg-Carlson Company (V. 78, p. 201.5) was incorporated in
From its incorporation this company regularly paid 7%
dividends on Its preferred stock.
During the first year of its existence
it paid 8% and thereafter a regular annual dividend of 10% on its common stock. During the year 1903-04 extra dividends aggregating 30%
were paid on the common stock. The net earnings for the calendar year
1904 amounted to $864,469; net earnings for the first six months of 1905,
$467,037. (The company's output is said to be 1,000 telephones a day.)
Voting Trust. —Of the capital stock ($50,000,000) of the United States
Independent Telephone Co., $41,303,000 has been issued or is contracted
to be issued, of which $41,278,000 will be deposited under a voting trust
agreement for seven years. Security Trust Company of Rochester,
N. Y., will be the voting trust depositary; voting trustees, Thomas W.
Finucane of Rochester, N. Y.; Breckinridge Jones of St. Louis, Mo.;
William F. Nolker of St. Louis, Mo.; James S. Watson of Rochester,
N. Y., and William H. Page Jr. of New York City, N. Y. After the
performance of all existing contracts, there will remain $8,697,000 stock,
which will not be issued for the present.
3^Ixje
—The directors are as follows:
Thomas W. Finucane, President; Edward Bausch, Benjamin B. Chace,
Walter B. Duffy, George Eastman Morris D. Knapp, J. Wesley Kingston, William J. Naylon, John N. Rauber, Eugene Satterlee, Hiram W.
Sibley, Henry A. Strong, James S. Watson, John C. Woodbury and Frederick W. Zoller, all of Rochester; Adolphus Busch, August Gehner,
Breckinridge Jones, William F. Nolker (President of Kinloch Telephone
Co.),, all of St. Louis; Robert C. Hall of Pittsburgh, head of syndicate
owning Pittsburgh & Allegheny Telephone Co.; Henry S. Holden, Syracuse; Joseph J. Heim, and O. C. Snider, respectively President and
General Manager of Kansas City Home Telephone Co.; James B. Hoge,
Secretary of Cuyahoga Telephone Co., Cleveland; William H. Page Jr.,
New York City; H. A. Bingham, New Jersey.
(£jcrmmjeraal gkimjcs*
COMMERCIAL EPITOME.
March 1902.
Directors.
[Vol LXixi.
The condition
Friday Night, Oct. 13 1905.
been reported quite generof merchandise buyers are now
of business has
ally as good.
In some lines
giving attention to contracting for supplies against their
requirement during the fore part of the coming year. Sev-
contracts for pig iron for delivery during the first
quarter of 1906 have been placed, and there have been some
large orders for rails placed with the steel mills for delivery
during 1906.
Buyers in the cotton goods trade also have
been reported doing some buying, at full prices, of supplies
An advance in prices for grain has
for forward deliveries.
occurred and a large export business has been transacted in
eral
wheat, corn and oats at full values.
Lard on the spot has continued to meet with a light demand and prices have been barely maintained. The close
was steadier at 7.75c. for prime Western and 7.25c. for
prime City. Refined lard has been dull and easier, closing
Speculation in the marat 8c. for refined for the Continent.
See New York Independent Telephone Co below and
ket for contracts has been quiet, but on bulling by packers
V. 81 p. 1104.
have adWest Kentucky Coal Co. Bonds Offered. F. S. Smithers and in sympathy with the advance in corn, prices
close was firmer.
& Co. and Spencer Trask & Co., both of New York, and vanced slightly. The
Francis, Bro. & Co. of St. Louis are offering at 95 and
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
interest the unsold portion of the present issue of $2,000,000
Fri.
Wed.
Thurs.
Tues.
Mon.
Sat.
first mortgage sinking fund 5% gold bonds of $1000 each.
7.25
7.20
7.12y 7.12^ 7.15
October delivery. 7.15
2
Date July 1 1905, due July 1 1935. Total authorized issue November deliv'y 7.20
7.30
7.17^ 7.17H 7.22^ 7.25
6.85
6.80
6.87^ 6.87H
Interest payable January and July in New December deliv'y 6.87K
$5,000,000.
6.82^ 6.87H 6.87J^ 6.95
York. Trust Company of America of New York, trustee. January delivery. 6.87^ 6.85
This coal company is controlled by the North American
Pork has had a fair jobbing sale and prices have been adCompany, which owns the entire capital stock; authorized vanced, closing at $16.25@16.75 for mess, $14.50@16 for
issue $3,000 ,000.
Cut meats have had only
short clear and $18 for Western.
President Randolph Rodman on Sept. 25 1905 wrote:
a limited sale and there has been a slight yielding in prices,
Properties Owned.
The company owns five operating coal mines and closing at 6jj^c. for pickled shoulders, 10@1034c for pickled
—
—
lands and mining rights therein, embracing approximately 23,000 acres,
situated in Crittenden, Webster and Union counties, near the town of
Sturgis, West Kentucky, and at the junction of the Ohio and Tradewater rivers, 100 miles above Cairo, 111. The lands are underlaid in
different parts by five workable veins, from three to seven feet in thickness, and, it is estimated, contain not less than 200,000,000 tons of merchantable coal. The mines already developed are capable of shipping
in the near future 2,000 tons a day.
The company owns and operates
coal yards and storage facilities at Memphis, Tenn., and Paducah, Ky.,
and operates, under lease, a yard at New Orleans, La. It also owns and
operates a fleet of steamers and barges adapted for river transportation.
The total distance by water from the loading facilities at the company's
mines to St. Louis is only 283 miles.
Contracts.
The company was formed primarily for the purpose of
supplying coal for gas and steam purposes to the Laclede Gas Light Co.,
the Union Electric Light & Power Co., and the United Railways Co. of
St. Louis.
These companies now consume annually approximately
750,000 tons. Depending upon the extent to which it may be profitable
to substitute coal gas for water gas, a total annual consumption of from
1,200,000 to 1,500,000 tons will be reached within, a few years. The
company will enter into contracts with the three St. Louis companies, to
continue during the life of the bonds, whereby they will agree to purchase from it their entire coal supply, or so much thereof as the company
may be able to deliver, at a price, which will include a fixed profit over
and above the cost of production and delivery. In determining such
cost, interest charges upon the bonds will be included, in addition to all
general expenses, taxes, insurance, mining, transporation and depreciation.
The North American Company owns the entire capital stock
of the company representing an investment of $500,000 cash, and is
largely interested in the three St. Louis companies
—
The
properties were purchased under the advice of James
Gardiner, Vice-President of the Erie Coal Companies,
who, after a careful personal examination concludes:
(1) The coal from the Sturgis coal field is the best, as to quality, that
T.
the North American Co. can secure for the companies in St. Louis in
which it is interested. (2) The mining conditions are very favorable and
unusually free from uncertainties.
(3) The coal can be transported to
St. Louis at a price that is decidedly lower than the best Illinois coals.
(4) That beside protecting the profits of the gas and electric companies,
the commercial coal business will yield a reasonable profit over charges.
V. 81, p. 564. 36.
—
Mr. R. W. Martin, statistician for the firm of William
A. Read & Co., has compiled with much labor and investigation an interesting pamphlet regarding the financial status
of the St. Louis Iron Mountain & Southern Ry., which is an
integral portion of the Missouri Pacific Ry.
Mr. Martin
calls attention to the heavy earning capacity of the road
and the company's new through routes to the Gulf, and in
tabular form compares the income, charges and surplus, the
bond and stock capitalization and the details of maintenance
expenses, in each case as an entirety and per mile of road
owned, with the corresponding items of the Chicago North
Western, Chicago Milwaukee & St. Paul Illinois Central,
Chicago & Eastern Illinois and St. Louis & San Francisco
roads.
—
Megargel & Co., Scran ton, Pa., announce that
Mr. John H. Brooks has become a member of the firm,
and that the firm name is changed to Megargel & Brooks.
They have direct private wires to Edward B. Smith & Co.,
I.
F.
for pickled bellies, 16@10 lbs. average.
Beef has had a moderate jobbing sale, closing at $8.75@9.25
for mess, $10.50@11.50 for packet, $12@13 for family and
$17@18 for extra India mess in tierces. Tallow has held
steady at 43^c. Stearines have been quiet, closing at 8c.
Cotton-seed oil
for lard stearine and 7%c. for oleostearine.
has been unsettled, closing steady at 253^@25^c. for prime
Butter has been steady for choice grades, but
yellow.
easy for the lower grades, closing at 163^@21^c._ for
creamery. Cheese has had a moderate sale at steady prices,
closing at \0%@,ll%c for State factory, full cream. Fresh
eggs have been steady, closing at 22@23c.for best Westarn.
Brazil grades of coffee have had only a moderate sale, the
trade generally showing a disposition to pursue a waiting
There has been no pressure to sell and prices have
policy.
been unchanged at 8Mc. for Rio No. 7 and 9@9J^c. for
Santos No. 4. The demand for West India growths has
been limited, but prices have been maintained at 10c. for
good Cucuta and HJ^c. for good average Bogota. Speculation in the market for contracts has been quiet and owing to
the absence of husiness there has been a slight yielding in
hams and 8>^@93^c.
The close was easier under liquidation.
asked prices were as as follows:
7.15c. IMay..
6.95c. January
October
7.25c. July..
7.00c. February
November
prices.
December
Raw
—
|
closing
7.45c.
7.55c.
7.70c.
.
I
7.05c.
The
March
...
7.30c.
I
September
sugars have held steady, moderate sales being
made
The close was quiet at 3^c. for
at unchanged prices.
centrifugals, 96 deg. test, and 3c. for muscovado, 89 deg. test.
Refined sugar has been quiet and unchanged at 4.60@4.65c.
Other staple groceries have been quiet.
for granulated.
Kentucky tobacco has been quiet; the outturn of the 1905
crop is reported the largest in the history of the trade. An
active market has been experienced for seed leaf tobacco; a
large business has been transacted in 1904 Wisconsin and
there have been fair sales of Penn. broad leaf Bs and Gebhardt at full values. Sumatra tobacco has been in fair
demand and firm. Havana tobacco has received more
attention from buyers.
Straits tin has had only a limited sale and there has been a
The close was steady at 32. 123^
slight yielding in prices.
Ingot copper has been dull and prices quoted are
32.373^c.
wholly nominal at 16^@16^gc. for Lake and electrolytic.
Lead has been firmly held at 4. 85 @4. 95c. Spelter has been
unchanged at 6@6.10c. Pig iron has been in fair demand
for forward deliveries; prices have been firm, closing at
$17 25@17 50 for No. 2 Northern and $16 75@17 00 for No.
2 Southern.
Refined petroleum has been fairly active, closing firm at
7.60c. in barrels, 10.30c. in cases
and 4.70c.
in bulk.
Naphtha
has advanced to 12c. for 71 degrees and 12c. for 76 degrees.
Spirits
Credit balances have been firm, closing at 1.56c.
New York and Philadelphia.
turpentine has advanced, following the South. The close
In the reference in our last issue to the new firm of was quiet at 72c. for machine bbls. Rosins have been
Richardson & Hubbard, Chicago, we learn that we were in firmer, closing at $4 00 for common and good strained.
Wool has been more
error in stating that Mr. Hubbard was formerly a member of Hops have been active at firm prices.
the firm of John C. King & Co.
active and firm.
—
—
Oct. 14
—
—
.
.
L905.|
1'IIK
.
.
.
CHRONICLE.
1193
COTTON.
Or>
Friday Night, Oct. 13 1905.
as indicated by our
For the
from the South to-night is gives below.
telegrams
total receipts have reached
week ending this evening the
344,925 bales, against 346,561 bales last week and 290,685
week making the
1st
September 1905 1,613,384
of
Sept.
against
bales,
1,857,252
period of 1904, showing a decrease since
same
bales for the
total receipts since the
1905 of 243,868 ba
1
Receipts at
—
Mon.
Sat.
Galveston
Pt. Arthur, &C
New Orleans..
Mobile
Pensacola, 4c.
24,768
Bavannab
Brunswick
17,787
Tins.
Wed.
19,071
42,505
18,876
14,702
.70-1
Charleston
Port Royal, &c
T.24S
Norfolk
4,867
Newp't N.,4c
New York
Boston
7~,6~2
V.037
1,861
2,358
1~2~,774
88
15,293
1~3*,39S
1*4*245
1~826
"532
1~,32S
1,383
7,4.'9
~5~6S5
3~,268
3*286
3",
157
"2*202
2*1*236
3,981
10*245
~5~,777
~4~,867
595
3*6*432
103
51
24
103
51
87
398
398
100
.....
""30
Baltimore
Philadelphia..
""50
Tot. this wk.
60.4S6
79,610
53,059
Galveston
Pt. Arthur, &c
New Orleans
Mobile
Pensacola, &c
138'
Savannah
Brunswick
82,866
2,147
Charleston
..
Port Royal, &c...
!
7,429'
1
Wilmington
Washington, &c
21,236
111,272
Norfolk
36,432
153,605
103]
894
482
...
Newp't News,
New York
Boston ..
&c.
51
'
87j
1904.
614
2*4*395
2*3*456
60
134,030
656
5~7~,839
24*266
56,674
960
958
2,091
466
16
241
150
1,025
426
3,491
2,048
4,507
344,925 1,613,384|384,830 1,857,252 909,675 575,022
Totals
In order that a comparison may be made with other years,
totals at leading ports for six seasons.
we give below the
Receipts at
1905.
1904.
Galv'n, &c.
N. Orleans.
Mobile
144,892
38,206
10,840
82,866
7.429
21,236
36.432
All others..
103
2,921
344,925
384,830
1902.
1901.
1900.
99,014
58,740
11,907
69,596
12,852
21,464
21,120
368
7,936
105,618
72,880
9,703
57,226
8,916
19,169
26,023
1,163
10,523
105,697
94,412
11,521
62,821
17,926
25,338
30,543
162
15,529
90,924
132,219
8,909
60,742
19,495
12,813
23,813
1,948
23,370
302,997
311,221
361,949
Savannah .
Ch'ston, &c
AAilm't, &c
Norfolk
.
N'p'tN.,&c
Tot. this
Since Sep.
1,613,384 1,857,252 1,256,349 1,638,366 1,230,375 1,601,228
1
The exports
for the week ending this evening reach a total
of 176,640 bales, of which 58,970 were to Great Britain, 32,304
to France and 85,366 to the rest of the Continent.
Below
are the exports for the week and since Sept. 1 1905.
Week
ending Oct. 13 1905.
From
Sept.
Exported to
Exports
from
1
1905 to Oct. lu 1905.
Exported to
Contlnont.
Great
Total.
33.40922,745 35,422 91,576
Britain. France
Continent.
lT.623
Total.
388,442
2,624
31.317
170,021
83.708
128.113
"I3".2i9
V.6i5
16,483
7,896
162,127
6.911
24.457
177.101
10,372
5",225
36~,702
87~6si
6\553
38,187
77,125
2,700
1.571
11,111
13.458
3.502
8,745
7.078
3.461
13,179 31.219
45,154
110
17.080
C,l
13,458
15".7i2
Charleston
Wilmington. ..
_.
Vf.SU 5
Newport News.
New York
"116
Boston
4.901
1,379
Baltimore
Philadelphia .
Portland. He.
Charleston
Mobile
Norfolk
1.634
...
9,888
104
2.700
1.691
799
9,400
17,762
.
32.385
20.08.
5.770
•
799,
8an Francisco.
Seattle
10.414
7,0.>
638
-na
1,530
390
4,280
7,708
5,000
2, r,00
New York
r,.iiio
"700
Other polls.
~3~,"66
S.OIIll
68,832
64,542
52,193
Total 19(>.->.
Total l'.ioi.
Total 1903.
1,600
33,602
666
2,800
7,000
1,000
87,418
52,759
42,997
9,616
34,630
3",
2S.752
32,363
44,206
26,1 18
Total 1904
38,244 82,5e0
82,267 15,126
63,300 136,759
2,600 84,462
7,600 80,623
33,602 24,287
,900 213,426
16,000 27,069
1
1
50,795 245,413 664,262
20,761 205,055 369,967
19,666 185,178 264,045
the Carolinas and shorts covering, but there continued
pressure from leading bear interests, and during the afternoon
the improvement was more than lost. The close was barely
steady at a decline in prices for the day of 2@4 points
Cotton on the spot has been quiet and for the week is slightly
lower, closing at 10.10c. for middling uplands.
The rates on and off middling, as established Nov. 18 1903
by the Revision Committee, at which grades other than
middling
may
be delivered on contract, are as follows:
Fair
c.
Middling Fair
Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary
Strict Good Mid. Tinged
On
1.30
0.96
0.62
0.44
0.14
0.38
0.72
1.00
0.30
on Good Middling Tinged
on Strict Middling Tinged
on Middling Tinged
on Strict Low Mid. Tinged
off Low Middling Tinged
off Strict Good Ord. Tinged
off Middling
off Strict
on
Low
Stained
Low Mid. Stained
Middling Stained
this basis the official prices for
the past
week would be
UPLANDS.
Even
c 0.05
0.12
0.34
0.50
0.84
0.50
1.06
1.50
a few of the grades for
as follows:
Sat.
Mon.
Tues.
Wed. Thurs.
9.10
9.72
10.10
10.54
11.06
9.10
9.72
10.10
10.54
11.06
9.20
9.82
10.20
10.64
11.16
9.25
9.87
10.25
10.69
11.21
Sat.
Mon.
Tues.
Wed. Thurs
Middling
Middling
Good Middling
Mi ddling Fair
9.35
9.97
10.35
10.79
11.31
9.35
9.97
10.35
10.79
11.31
9.45
10.07
10.45
10.98
10.41
9.50
10.12
10.50
10.94
11.46
STAINED.
Sat.
Mon.
Tues.
Wed. Thurs
8.60
9.60
9.76
10.10
8.60
9.60
9.76
10.00
8.70
9.70
9.86
10.20
Good Ordinary
Low
Middling
Middling
Good Middling
Middling Fair
oft
oft
off
off
oft
oft
oft
oft
9.10
9.72
10.10
10.54
11.06
Fri.
9.10
9.72
10.10
10.54
11.06
GULF.
Good Ordinary
Low
Low
Middling
Middling
Strict Low Middling Tinged
Good Middling Tinged
100
85,36fi
120.69734.644 99.498 254.839
107,697
677.054
<1
8.75
9.75
9.91
10.25
9.35
9.97
10.35
10.79
11.31
8.60
9.60
9.76
10.10
Fri.
9.35
9.97
10.35
10.79
11.31
Fri.
8.60
9.60
9.76
10.10
The quotations for middling upland at New York on
October 13 for each of the past 32 years have been as follows:
1905. c. 10.10
1881. c. 11 9-16
1889. c.\0%
1897. c. e%
1904. ..10.40
1903.
9.60
1902..
8.80
L901..
814
1900.. .10 7-16
1899..
1898..
-
1888.
9 11-16
1887. .. 9 7-16
1886. .. 9 5-16
1885. .. 9 13-16
1884. .10
1883. .10 11-16
1882. .-ny
2
1896... 8
1895. .. Ws
1894... 6 1-16
1893... 8%
1892... 8
1891... 8%
1890... 10%
MARKET AND
The total sales of
week are indicated
how
1877..
1876.
1875.
1874.
.11 7-16
.10 5-16
.14
.15?*
SALES.
cottoji on the spot each day during the
For the
in the following statement.
convenience of the reader
at a glance
1880... 11 5-16
1879. --ioy
2
1878. ..10 5-16
we
also
add columns which show
the market for spots and futures closed on
same days.
24.255
7,058
Futures
421,630
858,136
Spot Market
Closed.
415.977 1.226,222
Sales of Spot
and
Contract.
Market
Closed.
100
Saturday.
Quiet 10 pts. dec.
Quiet
idy
dy
Quiet 10 pts. adv.
Wednesday Quiit g pts.
Bi
Thursday . Quiet 15 pts,
Steady
Barely
Friday ... Quiet
Spccu-\ Conum'n,
tract.
Total.
50
t'dy.
Monday
1,300
582
63
1
•
In addition to above exports, our telegrams to-night
give us the following amounts of cotton on shipboard, not
cleared, at the pi
ned.
We add similar figures for
New York._
1
Speculation in cotton for future delivery has been fairly
Early in the week
active, but the tone has been unsettled.
The movement of the crop was fairly free
prices declined.
and there was considerable pressure to sell, understood to
come from discouraged speculative holders to liquidate their
accounts.
Subsequently, however, there was an upturn to
prices, due to a frost scare.
Advices received from the
South reporteci frosts and in a few localities killing frosts;
this brought shorts into the market as fairly free buyers to
cover their recent sales, and the market advanced.
On
Thursday, however, the market again yielded, bear interests
being more aggressive, they claiming that practically no
damage was done to.the crop by the frost reported. According
to some reports, exporters claimed that it was easier to buy
cotton than recently, but the business transacted with exporters was limited.
Domestic spinners, however, were
reported fair buyers of cotton. To-day there was
an
unsettled market.
The opening was at about unchanged
prices; then came a moderate advance on reports of frosts in
__
12,304
Total.
6,300
800
1,953
Portland. Ore.
Total
wise.
19,7 IN
-
2,100
I.niring
stock
Coast-
48,300
.
A624>
11.623
Savannah
Brunswick
Norfolk
32,804)
.
Great
Brltitn. Fr'nce
Galveston
Pt. Arthur. 4c
New Orleans..
Mobile
Pensacola
20,628
lalveston
sa\ annah
—
374,233
113,668
93,387
12,856
90,016
12,527
21,764
34,277
106
6,229
wk
1903.
\r\\ Orleans.
*
Other
Foreign
man i/.
France
Strict
18
103,145
225,326
1,323
100
1905.
672,294 197,393 141,762
5,865
287,632 120",804 154", 208
57,237 38,223 29,119
7,424
473,694 19*0*059 11~6~,47~
28,934
3,948
8,628
84,346 36,962 21,175
16
21,759
5
34.277
106
4,890
3981
Baltimore
Philadelphia
Stock.
Since Sep
1 1904.
This
week.
605,564 112,072
1,596
3,853
111,761 93,387
55,562 12,856
884
16,810
453,700 90,016
4,938
19,703
73,350 12,511
10,8401
56,251 344,925
1904.
Since Sep
1 1905.
144,310
582
3S.206
44,716
total receipts, the total
to-night, compared with
1905.
This
week
"""22
50,803
The following shows the week's
1 1905, and the stocks
Oct. 13.
6",
"50
since Sept.
last year.
Receipts to
23.78S 144,310
582
682
S.713 38,206
826 10.S40
50
138
9,389 82,866
2,1-17
2,147
1,132
1,209
Iirit'n
Oct. 13 at-
lor
Total.
~5,413
1,351
Wilmington ..
w shingt'n.dc
Fri.
2,964
6JS46
1
Thurs.
Ger-
Great
THE MOVEMENT OF THE CROP
bales the previous
shipboard. Not Cleared
Bl
1,110
63,510
THE CHRONICLE.
1194
[Vol. lxxxl
AT THE INTERIOR TOWNS
week and
the
movement— that is
since Sept. 1, the shipments for the
the stocks to-night, and the same items for the
corresponding period of the previous year
detail below.
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at
at Havre.
at Marseilles.
at Barcelona.
at Genoa
at Trieste
Total Continental stocks
1904.
1903.
1902.
150,000
17,000
9,000
119,000
20,000
234,000
176,000
33,000
71,000
4,000
53,000
3,000
5,000
10,000
9,000
151,461
33,000
65,000
4,000
26,000
3,000
7,000
6,000
9.000
250,000
14,000
76,000
4,000
49,000
3,000
21,000
12,000
7,000
188,000
153,000
00
tOtOCn—
I
I
1
186,000
979,000
76,000
475,000
22,000
58,000
433,000
909,675
345,950
12,783
Egypt, Brazil, &c.,aflt.forE'pe.
Stock in Alexandria, Egypt
Stock in Bombay, India
Stock in U. S. ports
Stock in U S interior towns
U. S. exports to-day
.
.
364,000
9,000
777,000
45,000
72,000
225,000
575,022
329,075
39,384
16,000
12,461
304,461
37,000
543,000
29,000
49,000
222,000
449,223
174,421
43,758
436,000
21,000
590,000
43,000
66,000
200,000
556,167
380,110
32,499
Total visible supply
3,311,408 2,435,481 1,851,863 2,324,776
Of the above, totals of American and other descriptions are as follows:
Liverpool stock
Manchester stock..
Continental stock..
American
afloat for
..bales
Europe
U.S. stock
U. S. interior stocks
U. S. exports to-day
•Total American
East Indian, Brazil, &c.
Liverpool stock
—
Manchester stock
Continental stocks
India afloat for Europe
Egypt, Brazil, &c, afloat
Stock in Alexandria, Egypt...
Stock in Bombay, India
&c
107,000
6,000
104,000
777,000
575,022
329,075
39,384
44,000
10,260
80,000
543,000
449,223
174,421
43,758
180,000
145.666
590,000
556,167
380,110
32,499
2,575,408 1,937.481 1,344,662 1,883,776
Londonstock
Total East India,
Total American
573,000
34,000
225,000
475,000
909,675
345,950
12,783
80,000
28,000
2,000
37,000
76,000
22,000
58,000
433,000
43,000
17,000
3,000
84,000
9,000
45,000
72,000
225,000
Cct
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The above totals show that the interior stocks have increased during the week 45,689 bales, and are to-night 16,875
The receipts at all the
bales more than same period last year.
towns have been 17,009 bales less than same week last year.
OSM- * —
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT. 1.— We give below a statement showing the
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
overland
Shipped —
Oct. 13.
Total European stocks
India cotton afloat for Europe.
Amer. cotton afloat for Europe-
©OStOOSM
Zr.
262,000
Bremen
at Antwerp
Cn
—
en
—
CO
©
—to
cotototo — —
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56,000
3,000
7,000
14,000
3,000
Hamburg
000
CO* — CO
717,000
17,000
162,000
Total Great Britain stock...
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
EcT
o*oom
I®
653,000
28,000
36,000
bales.
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to-night, as made
up by cable and telegraph, is as follows. Foreign stocks,
as well as the afloat, are this week's returns, and consequently all foreign figures are brought down to Thursday
But to make the total the complete figures for
evening.
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
October
» •
OCnCOOO
THE VISIBLE SUPPLY OF COTTON
Stock at Liverpool
Stock at London.,
Stock at Manchester
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£.
the
week and
receipts for the
75,000
20,000
54,000
16,000
2,201
73,000
37,000
29,000
49,000
222,000
41,000
21,000
43,000
66,000
200,000
736,000
498,000
507,201
441,000
..2, 575,408 1,937,481 1,344,662 1,883,776
Continental imports past week have been 89,000 bales.
The above figures for 1905 show an increase over last week
of 222,754 bales, a gain of 875,927 bales over 1904, and an
excess of 1,459,545 bales over 1903.
1904
Since
Week.
Sept. 1.
7.791
6,179
19,521
11,970
"857
932
5,798
750
3,644
2,340
14,150
48,198
21,557
52,375
7,309
4,862
407
68
698
1,917
197
4,032
12,498
1,173
6,146
35,700
Leaying total net overland. a. 13,297
a Including movement by rail to Canada.
20,384
46,229
Via St. Louis
ViaCairo
Via Rock Island
Via Louisville
Via Cincinnati
Via other routes, &c
14,702
Total gross overland
Deduct shipments
636
Overland to N.Y., Boston, &c.
86
Between interior towns
from South
683
Inland, &c,
—
Total to be deducted..
327
1,405
The foregoing shows that the week's net overland movement this year has been 13,297 bales, against 20,384 bales
for the week last year, and that for the season to date the
aggregate net overland exhibits a decrease from a year ago
of 10,529 bales.
In Sight and Spinners'
Takings.
Receipts at ports to Oct. 13
Net overland to Oct. 13
1905.
Since
Sept. 1.
Week.
344,925 1,613,384
35,700
13,297
—1904.—
Since
Week.
384, S30
South'nconsumpt'ntoOct. 13. 45,000
277,000
20,384
41,000
403,222
45,689
1,926,084
210,773
446,214
63,915
Came into sight during week. 448,911
Total in sight Oct. 13...
2,136,857
North, spin's' takings to Oct 13 50,175
200,254
Total marketed
Interior stocks in excess
3,311,408 2,435,481 1,851,863 2,324,776
Total visible supply
5.32d.
5.50d.
Middling Upland, Liverpool
5.94d.
4.72d.
York.. 10.10c.
10.35c.
9.90c.
Middling Upland, New
8.70c.
8^d. 8 l-16d.
85^d.
Good Brown, Liverpool.
7^d.
Egypt
9.15d.
ll.OOd.
9.00d.
6.90d.
Peruv. Rough Good, Liverpool
5 13-16d
5 7-16d
Broach Fine, Liverpool
4?id.
5 7-16d.
5 l-16d. 4 29-32d.
Tinnevelly Good, Liverpool
-1905Since
Week.
Sept. 1.
6,323
20,541
2,357
6,716
637
771
1,842
6,256
774
3,290
10,624
2,769
Movement
Week
—
1903— Oct.
1902— Oct.
1901—Oct.
1900— Oct.
1,857,252
46,229
233,000
2,136,481
266,815
510,129
2,403,296
44,120
212,305
into sight in previous years
Bales.
16
17.
18
19
Sept. 1.
390,749
458,314
492,812
506,162
Since Sept. 1—
16
17
18
19
1903— Oct.
1902— Oct.
1901— Oct.
1900— Oct.
Bales.
1,677,519
2,321,487
...1,810,340
r 2,239,980
.
.
.
U 1905.1
Oct.
THE CHRONICLE.
1195
QUOTATIONS FOR MIDDLIN^COTTON AT OTHER The thermometer
MARKETS. — Below are closing quotations of middling the lowest 39.
cotton at Southern and other principal cotton markets for
each day of the week.
Closing Quotations for Middling Cotton on
II
\tk
Sat'day.
Galveston
New Orleans
Mobile
.
Savannah
Charleston ..
Wilmington.
Monday. Tuesday .'Wed' day. Thursd'y Friday
I
9H
9"
'
!".
9\i
l.
9»»
10.10
9.88
10.45
9 11- 10
Boston
Baltimore
.
Augusta
9
10
10
10
Memphis
St. Louis
..
11- 16
9*.
10.20
10.00
10.50
9 13-10
10H
9
10.20
10
10.35
.
Houston
Little Rock
9
B
Norfolk
Philadelphia
BH
BM
B
$
9U
9H
9 9-16
9H
10
10
10
10
10
9 13-16
10^
10^
T
10
9%
9H
9H
!»
»?4
10.10
10.00
10.35
9 11-10
10
10H
9JS
.
9%
9M
closing quotations to-day (Friday) at other important
Southern markets were as follows:
Atlanta
10 & Natchez
9H Louisville...
9%
Montgomery
9>$|Raleigh
Columbus, Ga
g%
9>i
Columbus, M.
9 1-16 Nash ville ..
9% IShreveport ..
9%
I
I
|
f
NEW ORLEANS OPTION MARKET.—The highest, lowand closing quotations for leading options in the New
Orleans cotton market the past week have been as follows:
est
Sat'day, [Monday, Tuesday, Wed' day, Thursd'y, Friday,
Oct. 7.
Oct. 9.
!
Oct. 10.
Oct. 11.
Oct. 12.
Oct. 13.
October—
Range
December —
9. 74-. 75
9. 59- .90
9. 54-. 57
9. 68- .82
9. 81- .83
9. 84-. 90
9.85- .86
9.67-. 74
9. 63-. 66
9. 63-. 76
9. 65-. 68
Range
.
9. 76-. 88
9. 84-. 85
9.62-.02
9.67-.68
9.74-.92
9.90-.91
9.87-.00
9.92-.93
9.66-.89
9.70-.71
9. 73-. 74
.
9. 85-. 96
9. 93-. 94
9. 71-. 12
9. 75-. 76
9.83- 00 9. 96-. 10
9.99- 00il0.01-.02
9. 75- .98
9. 79- .80
9.80-.95
9.81-.82
10.00-. 12
10.09-. 10
9.88-. 27
9-S0-.17ll0.15-.27
9.92-.93 10. 16-. 17110. 19-. 20
9.94-. 14
.
...
...
Closing.
—
...
Closing.
March —
9.71-.81
9.71-.87
January
Range
Range
Closing.
Mam—
Range
...
Closing.
Tone
—
Spot
Options
.
9.99-. 13
9.97-.98 10.00- .01
10.10-.22 9.97-.34 10.08-. 25 10.29-.35 10. 02-. 20 10.10-.25
10. 18-. 19 10.01-.02 10.25-.26I10.28-.29 10.06-.08 10. 10-. 11
Quiet.
..
Steady.
Steadv.
Steady.
Firm
Steady.
Very
Steady.
st'yl
Quiet.
Quiet.
RECEIPTS FROM THE PLANTATIONS.—The
Firm.
Steady.
follow-
ing table indicates the actual movement each week from the
plantations.
The figures do not include overland receipts
nor Southern consumption; they are simply a statement of
the weekly movement from the plantations of that part of
the crop which finally reaches the market through the outports.
Week
ending
—
Sept.
Oct.
Receipts at the Ports.
1905.
1904.
1903.
I
Stock at Interior
1905.
8 154,103
12,105 37.245 152,670
15 215.738 187,342 110.223 175,170
22 244,124
29 290.585
6 346.561
13 344,925
2S9.14S
438.253
401.721
384,830
200,262
293.804
307.501
302.997
208.801
250.461
300.261
345,950
1904.
i
T011ms
1903.
Receipts jrom Plantal'ns.
.
'
1905.
77.853 21,767 117.096
95,651 34.321238.238
128.210 60,949 277.755
198.611 105,582 332,245
265.160 135,891396,361
329.075 174,421390,614
The above statement shows:
1.
—That
I
1904.
1903.
150,515
205,041
321 807
508,654
468.270
448.745
45,906
122,776
226 990
338,737
337.510
341,327
the total receipts
from the plantations since Sept. 1 1905 are 1,824,157 bales;
in 1904 were 2,124,067 bales; in 1903 were 1,419,168 bales.
2.
That although the receipts at the outports the past
week were 344,925 bales, the actual movement from plantations was 390,614 bales, the balance going to increase stocks
at interior towns.
Last year receipts from the plantations for the week were 448,745 bales and for 1903 they were
—
341,327
ball
WEATHER REPORTS BY TELEGRAPH.— Our
tele-
graphic advices from the South this evening denote that rain
has fallen in most sections during the week, with the rainfall rather heavy at some points, resulting it is claimed
damage to open cotton. Picking however has made good
progress on the whole and in a few districts is approaching
completion.
Light frost was reported in a number of loin
calities
past
the week, the rainfall being sixteen hundredths of an inch.
63, the highest being 85 and
the lowest 40.
The therLuling, Texas.
It has been dry all the week.
mometer has averaged 66, ranging from 44 to 88.
have had a trace of rain on three
Nacogdoches, Texas.
The thermometer has averaged
—
— We
days during the week. The thermometer has ranged from
36 to 88, averaging 62.
Palestine, Texas.
It has rained on one day during the
week to an inappreciable extent. Average thermometer 66,
highest 86 and lowest 46.
Paris, Texas.
There has been no rain the past week.
The thermometer has averaged 67, the highest being 90 and
—
—
The
Closing
— We have had no rain the
week.
66, ranging from 44 to 88.
Texas. — There has been no rain during the wick.
The thermometer has ranged from 37 to 88, averaging 68.
Lampasas, Texas. — We have had no rain during the week.
Average thermometer 64, highest 88, lowest 39.
Longview, Texas. — We have had rain on one day during
HuntsviUe, Texas.
The thermometer has averaged
Kerrville,
—
t-ntling
Oct. 13.
has averaged 65, the highest being 90 and
toward the close of the week.
—
Galveston, Texas.
There has been only a trace of rain on
one day the past week. The thermometer has averaged 74,
ranging from 61 to 86.
Abilene, Texas.
We have had no rain during the week.
thermometer has ranged from 56 to 82, averaging 79.
Brenham, Texas. It has been dry all the week. Average
thermometer 69, highest 89 and lowest 49.
Corpus Christi, Texas. There has been no rain the past
week. The thermometer has averaged 73, the highest being
88 and the lowest 58.
Cuero, Texas.
We have had no rain the past week. The
thermometer has averaged 68, ranging from 45 to 90.
Dattae, Texan.
We have had no "rain during the week.
Th<- thermometer has ranged from 39 to 90, averaging 65.
Fort Worth, Texas.
have had no rain during the v
Average thermometer b4, highest 86, lowest 43.
Henrietta, Texas.
There has been no rain the past week.
—
—
—
—
—
— We
—
the lowest 44.
San Antonio, Texas.
—
—
The
It has been dry all the week.
thermometer has averaged 67, ranging from 48 to 86.
Weatherford, Texas.
There has been no rain during the
week. The thermometer has ranged from 40 to 84, averaging 62.
—
New Orleans, Louisiana. It has rained on four days during
the week, the rainfall being four inches and seventy-three
hundredths. Average thermometer 71.
Shreveport, Louisiana.
have had rain on two days
during the week, the rainfall being nineteen hundredths of
an inch. The thermometer has averaged 66, the highest
being 86 and the lowest 45.
Columbus, Mississippi. There has been rain on two days
The thermometer has averaged 62, ranging
of the week.
from 40 to 84.
Worms have destroyed all growing
Leland, Mississippi.
bolls; no top crop.
There has been no rain during the week.
The thermometer has ranged from 38 to 90, averaging 67.
Meridian, Mississippi. Frost yesterday and to-day.
Cotton crop is small and planters are holding for ten to
None selling now.
eleven cents.
Helena, Arkansas. There will be but little top crop.
Picking is progressing rapidly. Light frost did not kill anything.
There has been rain on one day of the week, the
precipitation being two hundredths of an inch.
The thermometer has averaged 64.4.
Memphis, Tennessee. Light frost on Tuesday night.
Heavy frost Wednesday night, but no damage. Picking and
marketing progressing well. It has rained on one day of the
week, the rainfall being ten hundredths of an inch. Average
thermometer 65.8, highest 84.8.
Mobile, Alabama.
Light frosts here on Thursday and
Friday. The weather was fair in the interior early in the
week, followed by heavy rains and then light to heavy frost
on the 12th and 13th. Open cotton has been damaged and
picking interrupted by the rain.
There has been rain on
three days of the week, the precipitation being five inches
and eighty-eight hundredths. The thermometer has averaged 71, ranging from 48 to 88.
— We
—
—
—
—
—
—
—
Montgomery, Alabama. Rains have caused some damage.
Farmers are holding their cotton tenaciously. We have had
rain on four days during the week, the rainfall being one inch
and seventy-three hundredths. The thermometer has
ranged from 44 to 85, averaging 67.
Selma, Alabama.
Light frost this week. Crop is nearly
all gathered on uplands and gins are running on short time.
We have had rain on two days during the week, the rainfall
being one inch and eighteen hundredths.
Average ther-
—
mometer
68, highest 88, lowest 41.
—
Madison, Florida. There has been rain on two days the
past week, the precipitation reaching twenty-five hundredths of an inch. The thermometer has averaged 62, the
highest being 80 and the lowest 44.
Augusta, Georgia.
Farmers are disposed to hold their
cotton.
It has rained on two days during the week, the
rainfall being twenty-six hundredths of an inch. The thermometer has averaged 66, ranging from 43 to 85.
Savannah, Georgia. We have had rain on two days during
the week.
The rainfall reached forty-nine hundredths of an
inch.
The thermometer has ranged from 48 to 80, aver-
—
—
aging 62.
Smyrna, Georgia.
— Frost on two mornings, but no damage
to cotton or other vegetation.
Rain has fallen on two days
of the week, the rainfall being nineteen hundredths of an
inch.
Average thermometer 60, highest 81, lowesl 37.
Charleston, South Carolina.
have had rain on two
days during the week, the rainfall being sixteen hundredths
of an inch.
The thermometer has averaged 70, the highesl
being 82 and the. lowest 50.
— We
—
Greenwood, South Carolina.
Light frost occurred this
week. We have had rain on one day during the week, to 'lie
The thermomi
extent of ninety hundredths of an inch.
has averaged 63.
Statebttrg, South Carolina.— Light frost on low ground
Thursday morning. There has been light rain on two di
during the week, the rainfall being twenty-eighl hundred
of an inch
.More moisture i- much needed, although aol f<>r
1
THE CHRONICLE.
119(>
open but much yet unpicked.
to 87, averaging 66.
Charlotte, North Carolina.
Fanners are Belling very little
cotton at the decline.
It has rained on two days of the
week, the rainfall reaching twenty-five hundredths of an
inch.
Average thermometer 60, highest 79 and lowest 38.
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
cotton, which
nearly
is
—
at 8 a.
m.
two
of the dates given the last
Oct.
Above
Above
Orleans
Memphis
..Above
Above
Above
Nashville
Shreveport
Vicksburg
Feet.
4.9
4.4
1.6
•
Receipts at
1
43,000
5,000
.
Week.
Sept. 1.
8,444
1904.
1.168
1\>2
524
983
4,000
11.213
4,520
871
89
8.424
5,480
1,813
8.454
7 140
for the week ending this evening reach a total
199 bales, of which 60 bales were to Great Britain,
139 to France and
to Bremen, and the amount forwarded to Northern mills has been 588 bales. Below are the
exports for the week and since Sept. 1 in 1905 and 1904.
Erporti
from
—
Great
Britain.
Sept. 1.
34,000
3,000
42,000
6,000
1905.
1,250
2.493
France
&c.
Since Sept.
13.
Great
To<al.
Britain.
1
France
&c.
Savannah
Bombay
1.
I'M
The exports
Week Ending Oct
Since
Since
Week.
Sept. 1.
Sipt.
of
1903.
1904.
Since
Week.
Scire
i
have been as follows:
—
6,
3.608
.
Total
1.1
India ports for the week and for the season from Sept.
1905.
Charleston
S>ij>. 1.
This
week.
9.0
—
October 12.
re-
Slock.
1904.
Since
2.913
498
197
Florida, etc
INDIA COTTON MOVEMENT FROM ALL PORTS
receipts of cotton at Bombay and the shipments from
for three years
This
week.
Oct. 13.
Savannah.
The
all
to
14 1904.
Oct.
6.4
6.6
9.0
4.5
13.9
gauge.
gauge.
gauge.
gauge.
gauge.
zero of
zero, of
zero of
zero of
zero of
1905.
Receipts
13 1905.
have
ceived this (Fridayj evening by telegraph from the various
ports the details of the Sea Island cotton movement for the
week.
The receipts for the week ending to-night (Oct. 13)
and since Sept. 1 1905, the stocks to-night and the same
items for the corresponding period of 1904, are as follows:
years:
Feet.
New
SEA ISLAND COTTON MOVEMENT.— We
all
The thermometer has ranged from 44
[Vol. lxxxi.
1905.
Since
Total.
178
Charleston, etc..
Florida, etc.
Northern Mills.
178
Week. Sept.
588
"274
"520
"60
"139
'199
"135
"139
60
2,186
New York
1.
1.356
139
199
3,195
135
2,560
317
452
588
1,009
1,243
3.803
1.745
Boston
For
Exports
from
—
Great
Continent.
Britain.
Since September
Week.
the
Great
Britain.
Total.
Philadelphia ...
1.
Total
Total 1904
Continent.
Bombay
1905
1904
1903
Calcutta
1905
1904
1903
8,000
2,000
Y,666
56,000
1,000
22,000
2,000
2,000
4,000
4,000
1,000
1,000
24,000
18,000
16.000
"f,666
1,000
20,000
4,000
1,000
1,000
8,000
7,000
48,000
2,000
2,000
4,000
1,000
24,000
18,000
16,000
78,000
22,000
41,000
86,000
22,000
43,000
Madras
1905
1904
1903
3,000
3,000
All others
1905
1904
1903
Total
4,000
3,000
3,000
4,000
3,000
3,000
14,000
3,000
4,000
15,000
3,000
4,000
all
1905
1904
1903..
1,000
8,000
2,000
1.876
5,426
Total.
A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts
via Boston and Philadelphia. Instead of including this cotton
for the week in which it leaves the Southern out ports, we
follow the same plan as in our regular table of including it
when actually exported from New York, &c. The details
of the shipments of Sea Island cotton for the week wall be
found under the head "Shipping News" on a subsequent page.
Quotations Oct. 13 at Savannah.
For Georgias, extra
fine, 14@143^c; choice, 16@17c; fancy, 18J4@19c.
—
JUTE BUTTS, BAGGING, ETC.— During the week
under review the market for jute bagging has been without
animation, but prices are nominally unchanged at 6^c.
for \ z lbs. and 6J^c. for 2 lbs. standard grades.
Jute butts
/i
dull at \}/2@l%c. for paper quality and 2@2i^c. for bagging
quality.
GOVERNMENT WEEKLY
REPORT.— The
COTTON
According to the foregoing, Bombay appears to show an
regular weekly cotton report issued by the Climate and Crop
decrease compared with last year in the week's receipts
Division of the United States Weather Bureau through the
of 1,000 bales.
Exports from all India ports record a gain
New Orleans Weather Office for the week ended Oct. 9 was
of 15,000 bales during the week and since Sept. 1 show a
summarized as follows:
increase of 64,000 bales.
•
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. —Through
Choremi, Benachi &
arrangements made with Messrs.
Co., of Liverpool and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years.
i
Alexandria, Egypt,
1905.
Oct. 11.
1904.
COTTON MOVEMENT AND FLUCTUATION,
1903.
—
Receipts (cantars a)
This week
Since Sept
200,000
422,977
1
This
Since
week. Sept. 1.
Exports (bales)
To Liverpool
To Manchester
To Continent
To America
5,250
4",
Total exports
a
A
cantar
is
180,000
553,215
500
400
10,150
17,596
3,492
20,408
3,876
225,000
707,994
This
Since
week. Sept. 1.
7,250
4,250
6,750
300
45,372 18.550
This
Since
week. Sept. 1.
16,808
10,908
25,930
3,334
4,750
4,750
8,750
200
20,744
8,000
26,035
1 300
56,980 18,450
56,079
This statement shows that the receipts for the week were
200,000 cantars and the foreign shipments 10,150 bales.
MANCHESTER MARKET.—
Our report received by
cable to-night from Manchester states that the market is
dull but steady for
for the home trade
both yarns and shirtings. The demand
is improving.
Wc give the prices for
to-day below and leave those for previous weeks of this and
last year for comparison.
1905.
32s Cop.
d.
Sep.
(ffi9>4
8
15
Cul9V
8
22 8 7-16 ft!)'<
29 8 7-16 ft if,
Oct.
6
13 8H
@9
1904.
lbs. Shirt-
ings,
Twist.
6
6
6
6
d.
2
W ^
s.
1^®9
1
@9
1
@9
ft
s
@8
Col'n
814
Mid
32s Cop.
Up's.
common
to finest.
s.
1900-
1905.
Latham, Alexander & Co. (Thirty-second Annual
Edition)
We are under obligations to Messrs. Latham, Alexander & Co. for a
copy of the thirty-second annual issue of their publication, "Cotton
Movement and Fluctuation." The book is replete with information of
much value to all those interested in cotton. There is the usual review
of the last cotton season by the publishers, and a letter from Ellison &
Co. covering the course of the trade in Europe. Other articles are
devoted to "British Cultivation of Tree Cotton," "Cotton Growing in
The statistical matter conAfrica" and "The Lowry Cotton Picker."
tained in the work covers acreage, production, movement, consumption,
in fact just the data one should find in a book of ready
prices, etc.
Typographically and in all the details which go to make up
reference.
a very handsome publication, the volume could not be excelled.
—
HAND BOOK FOR DAILY CABLE RECORDS OF
AMERICAN, EAST INDIAN, EGYPTIAN AND BRA-
98 lbs.
8M
Over most of the cotton belt the weather conditions during the greater
part of the week ending Octtober 9 were favorable for picking cotton.
Rains interrupted picking, however, during the early part of the week
in portions of Texas, Oklahoma, Louisiana, Mississippi and Florida,
and in local areas in Alabama and South Carolina. The reports indicate
that the general condition of cotton over most of the cotton area is but
slightly changed, as eompared with the previous week.
A slight deterioration is shown in Florida and in portions of the central and western
districts, where insects have been very destructive, the boll-weevils
being reported in increased numbers in Texas. In central Texas and
in portions of Oklahoma, Alabama, Georgia and Florida, open cotton
was damaged by rain, which also caused sprouting of bolls in portions
of Mississippi and Louisiana.
£.j
Twist.
d.
5.56
5.57
5.64
5.74
d.
9 3-16
9 3-16
10K
5.41
8%
@9H
10'A
5.32 8V*
<» It's
(1.
1
d.
<m9V
8
®9H
9K ©9
13-16
8 15-f6@95-g
lbs. Shirt-
ings,
common
to finest.
Cnfn
Mid
Up's.
d.
6 76
6.82
6.62
5.80
5.62
5.50
ZILIAN COTTON STATISTICS,
&C— Comtelburo,
Lim-
New
York, has again favored
ited, of Liverpool, London and
us with a copy of the annual issue (thirty-fifth) of the daily
cable records of the principal cotton crops of the world,
In the current issue all important features of previous issues have been retained, proper
revision being made where necessary, and some further staThe book contains of
tistical additions are to be noted.
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 book will be found on sale at the
the previous year.
office of Comtelburo, Limited, 19 Beaver Street, New York.
which has just been published.
EGYPTIAN CROP.— Messrs. Choremi, Benachi & Co. of
Boston and Alexandria, Egypt, write under date of Alexandria, September 23d, as follows:
The crop reports are satisfactory. The interior movement is only
just beginning and is still very small, but the results of ginning point
to a falling off of from two^to three per centinlthe ginning outturn .-as
compared with"; last year.
•
.
Oct.
11
.
.
1
THK CHRONICLE.
1905.]
The August resume of the Alexandria General Produce
Association was as follows:
cotton plants htm lusty profited by the favorable climatic condiWorms have disappeared, b'ogs wen- reported
tions during the month.
Their
on the 30th ami Slsl August, which Is later than last year.
The supply of water was sufficient, hut
Thus the crop looks well, and promises a
it has not been abundant.
It is expected that picking may commence
better result than in 1904.
The reports from Upper Egypl and
at about the same tunc as last year.
Fayoum are good, but the lateness of the crop is quite marked and the
effects are not vet appreciable.
poiiim; yields are inferior to
last
year.
EXPORTS OF COTTON GOODS FROM
BRITAIN. — Below we give the
goods, Ac, From Great Britain for
GREAT
exports of cotton yarn,
the month of Ausrust ami
sine- Oct. 1 in 11)04-05 and 1903-04, as compiled by us
It will he noticed
front the British Board of Trade returns.
that we have reduced the movement all to pounds.
Yarn
dt
Thread
Total of
Cloth.
all.
ooo.s-
1904-05 1903-04
omitted.
Lbs.
Lbs.
16.758
October...
mber.
13.707
December
1904-05 1903-04
1903-04
1904-05
Yds.
402,549
375.36$
Yds.
1904-05
Lbs
Lbs.
90.5S0
88,453
41S.655, 104,597
•174. 17-'
5ii0.71S
19.164
1903-04
Lbs.
Lbs.
74. sis
69,794
77.843
107.338
106,391
123.761
90. 146
S3.501
95.879
lstquar.
53.S60
47.041 1.520.469 1.196.572 2S3.030 222.4S5
337.490 269.526
January
February..
Marcb
17,152
17,151
16.367
17.015
14.003
So, 462
20.479
S9.S15
81.671
106,323 101,829
112,858 106,830
121.1s: 95,784
2d quar.
54,782
47.445 1.537.740 1.377.4392S5.5S6 256,948
340.368 304.393
months 10S.642 94.4S6 3.05S.209 2,574.011|509,210479.433
677.858 573,919
6
458,143 S9.171
4S1.47S 95.707
437.S1S 100.70S
477,955
512.989
539.796
405.381' 87,705
402.7621 93,539
75,620
75,132
76.090
17.110
14.549
13.595
13.379
54.520
41.523 1.474,372 1,216,045 275.126226.842
17.447
April
May
June
3d quar.
470.09S
501.367
503.207
407,902
93.SS2
105,152
113.502
110,992
90.169
8S.727
89.469
329,646 26S.365
9 months 163.162 136.009 4.532.5S1 3.790.056 S44.342 706.275 1.007,504 S42.284
July
lS.J'.s
August
20.232
13.891
15.693
510.440
560.318
474.622 95,2311 88,537
531,049 104.537 99,062
113,469 102.428
124,769 114,755
Stockings and socks.
Sundry
802
35,913
articles
Total exports ot cotton manufactures
869
34,916
1.282.457 1095252
.
The foregoing shows that there has been exported from the
United Kingdom during the eleven months 1,282,457,000 lbs.
of manufactured cotton, against 1,095,252,000 lbs. last year,
or an increase of 187,205,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during August and since October 1 in each of the
last three years.
EXPORTS OF PIECE GOODS AXD YARXS TO PRINCIPAL COUNTRIES
IX AUGUST AND FROM OCTOBER 1 TO AUGUST 31.
—
Piece Goods
Yards.
(OOOs omitted.)
August.
1905.
Oct. 1 to
1904.
1903.
1904-05.
|
1197
pet cent, above the average of the last five years. Other villages report a
The conditotal of about 12,800 acres, but the returns axe incomplete.
tion of the crop is reported to be generally fair.
The Bombay Report relates only to the early crop of the leecen (12.6
per eent), which up to August. 1 showed .470, 000 acres sown, representor
an increase of 3S per cent over last year's corresponding estimate and 7g
The increase appears mainly in Khandeish,
per cent over the average.
which carries 91 per cent of the Deceaui crop; and it is due to favorable
BOWing rains. The crop so far is flourishing.
In the Central Provinces (9.8 per cent), owing to lateness of rains, the
BOWingS were retarded by about two weeks, and the areas cannot yet be
The season, though late, is favorable; and except where food
reported.
crops cannot be further displaced by cotton, a continued expansion of the
That expansion is expected to amount to some
latter may be expected.
S per cent and to bring the total acreage to the record figure of 1,020,000,
as compared with 1,492, of last year.
Berar (24.5 percent), which is one of the most important cotton regions,
is expected to show the same area (3,070,000 acres) as last year.
1'anjab (10.8 per cent) reports an early crop area of about 1,005,000 as
compared with 1,5S0,000 finally returned last year. This represents an
ncrease of l.o per cent.
United Provinces of Agra and Oudh (10.1 per cent). Statistics of
area sown are not yet available, but the acreage is estimated at about the
normal, or 10 per cent below last year's figure for the same date. Early
sowings on irrigated land appeared larger than usual: but later sowing
restricted by drought, and though the crop had done well up to the
end of Julv, the weather is now reported unfavorable.
North-West Frontier Province (0.3 per cent) reports an acreage of
The sowings reported at the same date last year amounted to
37,000.
The decrease is due to de41,500, afterwards corrected to 49,400.
ficiency of timelv rains.
Ajmer-Merwara (0.3 per cent). The total area under cotton in 1904-05
was 51,000: but no separate return of early crop was given, so that there
is no standard of comparison for the 13,000 acres now reported.
Bengal (1.2 per cent). The early crop area now reported is 57,000
acres, giving an increase of 14 per cent on the 50,000 of last year; and the
It is estimated that some 17,000 acres
season has so far been favorable.
of late crop have already been sown; but this must not be contrasted
with last year's final area of such crop, which reached 38,000 acres.
The small cotton acreage of Assam (0.3 per cent) has declined to 30,300
from the 31,000 acres of the corresponding estimate of last year. This is
a decline of only 2% per cent, and so far bids fair to be made good by full
I
1
yield.
The area sown in Burma (1.5 per cent), which at end of July 1904 was
194,000 acres, has this year contracted by 1.0 per cent to 191,000 in consequence of deficient rainfall. The condition of the crop is generally
good but more rain is wanted.
Early crop sowings in the dominions of His Highness the Nizam of
Hyderabad are this year included for the first time. They show an area
of 1,143.000 acres as against 1,047,000 at the same date last year, the
But the returns in both years were inincrease being 9 per cent.
complete, and the total kharif cotton area of last year exceeded 2,000,000
acres, which isexpectedto reach 2,184,000 this y»ar if the rains, which in
some parts are much wanted, should prove favorable.
DOMESTIC EXPORTS OF COTTON MANUFACTURES
We give below a statement showing the exports of domestic
cotton manufactures for August and for the eight months
ended August 31 1905, and for purposes of comparison like
figures for the corresponding periods of the previous year
are also presented.
Exported
to
—
1902-03.
560,318 531.049 484.016 5,597,699 4,796.651 4.898,778
£6.415 £6,302 £5,291 £63.981 £54.563 £51,688
and
All other countries
Total pounds
Total value
2,798
1,746
1.761
1.454
1.737
£887
I
2.323
2.826
17.955
Oth. Europe (except Turkey
East Indies
China and Japan
Turkey and
3,021
2,966
2.512
3.257
1.612
2,292
2.295
1.578
1.670
33.191
36.313
24.795
33,587
9,010
20.777
21.881
26,814
35.789
20.151
24,016
2.663
14.070
18.547
26,467
22,681
22,318
27.871
6.864
19.549
20.542
13.869
11.421
179.554
141.950
£577
£9.033
£7,849
Other West Indies and Bermuda.
EAST INDIA CROP. — The
general memorandum
of the cotton crop for 1905-6 was issued under date of Calcutta, August 17, being in part as follows:
This Memorandum is now for the first time issued under the new rules.
final
Certain provinces possess no record of the required retrospective figures
of area, so that tabular comparison with past years has not yet become
possible.
The Memorandum relates mainly to the early crop; and in order that
the relative importance of the areas discussed may be apparent, it is
well to state that the total area under cotton in British India hae in the
g L903-04 averaged 10,471,380 acres.
Provinces, together representing til .7 per eent of the total cotton crop
of British India, report, in respect of their early crop sowings, an increase
from 4,272,800 acres to 4,840,500 acres, or an average increase of about
13.4 per
Otnerprovlnces, representing in all some 122 per cent ofthe total crop in
question, report an aggregate contraction of about 137,000 acres, or 9.3
per cent.
The net result i-i respect of these provinces is an increase of about
to this may be added the estimated Increase of 182,000
436,000
acre
ad.
•Other provinces, while reporting expansions or contractions of area,
srive no figures on which comparison can be based; but, viewing the
generally favorable character of theseasonin the more important ti
an early nop considerably •.feeding that of last year D
oked for.
Except on Ir
the future of the crop depends entirely on the
ol the monsoon, which is causing some uneasl
more particularly in Northern India.
Betunu have Dot b<
ed from Central India (which In tl e last
had an average total cotton area of 655,700 ac
Mysore with an a
otal of 68,500 acres), or from 6 ol the 20 States
n Rajputana: but leaving these territories out of account, there teems a
probability that the early crop In India will co
brackets following the name of each Province, h
what
of the entire cotton crop of British India la ordinarily
grown in thai Province.
•In Madras ii
the ralyatwari villages up to the end of July
sho.'
1ngs of 96,000 acres— an increase oi 9,400 at compared with the corresponding date of last year, and almost 29 ,000 J or 11
i
:
93"977
1,449,757
6.920,051
61,649
638,663
6.283.851
1,569 318
19 ,058.282
15,504,200
1,939,902
7,970,405
12,332,843
1,517,248
5.094,337
7.349,952
9.176,483
3.998,433
4.238,470
107,377,760
3.018,364
136.784
1,570,070
3.817.145
3.626,697
15.459,665
4,392.830
464,483
288 502
2
682.900
16 561.880
17 1223.524
1,781 343
1,531 266
59 *20
2 614.016
6 876,318
415 000
657 068
9 ;i49.364
6 .701,634
1.514 534
5 170,797
508 774
5 503,057
373 798
44,247 091 381 .703,478
67 024
5 777,216
382,719
30 251
9 .996,040
1,266 538
475 703
5 171,113
777 .145
9 000.690
3.608 ,326 15 ;727,054
567 900
4 751.696
22 ;550
390,315
84,151,114
$4,694,294
$.6558
Colombia
Venezuela
Other South America
60,755,545 535,024,262 217.297,425
$3,481,030 $32,209,450 $13, Ii'
$.0606
$.0602
$.6573
709. :«M
69.s,nr>5
Japan
British Australasia
Philippine Islands
Other Asia and Oceanica
Br.tish Africa..
All other Africa
Total yards of above..
Total values of above
Value per yard-
Values of other Manufactures of
Cotton Exported to
United Kingdom
—
France
Germany
Netherlands
Other Europe
British
North America
Central American States
ish
and
__
Brit-
Honduras
Mexico
other West Indies and Bermuda
Argentina
Colombia
Venezuela
other South America
Chinese Empire
British East Indies
Hon^'konK
I'm ish Australa-sla
'ih' r
Ati and Oceania
46,827
114,362
86,806
3.184
1
29,894
44.207
2,668
17.230
80,552
Philippine Islands
432,291
454,402
274.534
160.156
245,700
49.880
12.998
32,342
13,737
37.079
272.315
4,779
63.982
309.0S3
53,468
218,286
.003
13.515
1.757
1.890
6.050
2,452
11,781
44,362
1.038
6,564
24,054
3,529
218
506
Other countries
119
9,687
292.4.">J
9,808
3.998
$691,392 $5,820,912 I
$4,172,428 138,030.362 S18.495.546
Total value other manufactures
1861,744
Total value of all manufactures' $5,550,038
I
12.250
7s,.V,J
27.975
28,271
38,395
19.'. 9711
1,850
British Africa
All other Africa
375,405
345,071
203.779
167.693
127.771
63.396
23. OSS
19.209
Chile
1.707,100
43.122
49,879
29,246
18,614
20.435
2.176
22,606
5.497
1,825
4,433
Brazil
<
1,981
59.547
2,474
3,216
201.502
35,740
81,288
44,515
Cuba
826,733
69,574
8,245
578,878
18,458
53.391
1.720.000
695,148
121,975
27,918
347,171
19.864
59,928
134,402
7,571
111.605
30,411
12.510
59,694
1,559
7.399
264,174
BelKUm
I
I
I
NEW YORK COTTON EXCHANGE.— On
.
I
12,490
115,179
635,698
63,411,726
466,700
83,435
180,703
533,494
222,074
2,055.367
699.634
21.150
Argentina
Brazil...
Chile...
£6.748
438
1,327,191
1,951,055
630,417
4,535,619
2,561,406
224,563
813,809
1,535.604
1,006,666
Cuba
145,292
£749
2.647
571
1,736
2,005
2.118.384
Brit-
Honduras
Mexico
Hongkong
(OOOj omitted.)
Holland
Germany
230.234
18.363
86,196
922,059
Chinese Empire
British East Indies
—Lbs.
1904.
1905.
183.648
yards,
Other Europe
British North America
ish
1904.
1905.
United Kingdom
France
Central American States
Yarns
Month ending August 31 8 mos. ending August 31
Quantities of Manufactures o]
Cotton (colored and uncolored)
Germany
Aug. 31.
1903-04.
246,694 260,110 218.694 2.457,149 2,199,646 2,186,050
Turkey. Esrypt~3nd Africa!' 891674 861587 '5,269
890.066
735.205
812,954
China and Japan
SO. 761 59,891 43,701
823.841
444.564
52S.337
Europe (except Turkey)... 21,673 19,630 23.652; 250,437 252,398 257,276
South America
55,085 46,046 60.853
484.279
502.778i 530.413
North America
25,334 26,645 29,303
290,740, 289,931
291.539
All other countries
41.097 32.140 32.544
382.688
344.494
338,343
Total yards
Total value
.
tin
plea thai
they are of no practical value and interrupt business unnet
Barfly, there
is
a desire
among many members
of the
New
York Cotton, Exchange to abolish the noon and2 p. m. calls.
To bring the matter Before the Board of Managers a petition
i- being circulated for signatures.
The claim i- made thai on
Doncall
days that Government crop reportsan
interespecially detrimental to the interests of brokei
fering with the prompt execution of orden based upon the
showing of the n ports.
is
.
THE CHRONICLE.
1198
f
SHIPPING NEWS. — As shown
Vol. lixxi.
—
LIVERPOOL. By cable from Liverpool we have the folon a previous page, the
have lowing statement of the week's sales, stocks, &c, at that port:
exports of cotton from the United States the past week
reached 17(5,(540 bales. The shipments in detail, as made up
Sept. 22.
Sept. 29.
Oct. 6.
Oct. 13.
Sales of the week
bales. 30,000
49,000
54,000
52,000
from mail and telegraphic returns, are as follows:
Of which exporters took. . 2,000
NEW YORK— To
Liverpool, per steamers Cedric, 1,709; Victorian, 2,181..
To Manchester, per steamer Calderon, 607 upland and 60 Sea
•...
Island, 667.
To London, per steamer Minnehaha, 1,000
La BreTo Havre, per steamers Charles Tiberghien, 765
tagne, 729 upland, 139 Sea Island and 1 foreign
To Bremen, per steamer Main, 945
To Warberg, per steamer Kentucky, 158
To Barcelona, per steamers Manuel Calvo, 2,124; Ulriken 800
Prinz
To Genoa, per steamers Konig Albert, 2,350
Oskar,
2,273
3,890
667
1,000
1,634
945
158
2,924
—
—
—
—
—
—
—
Bosnia,
To Antwerp Oct. 7 Steamer Milton, 175
To Barcelona— Oct. 11— Steamer Catalina, 7,349
To Genoa Oct. 11 Steamer Catalina, 2,474
To Havana Oct. 10 Steamer Excelsior, 5
ALVESTON To Livetpool Oct.- 7 Steamer Norseman,
—
—
—
—
9—
7—
—
—
—
—
— 7—
SAVANNAH—
—
—
—
—
—
—
—
—
—
WILMINGTON—
—
NEWPORT NEWS—
—
110
110
BOSTON— To
Liverpool— Oct. 6—Steamer Michigan, 570
Oct. 9 Steamer Saxonia, 1,636
Oct. 10 Steamer
Canadian, 1,444
Oct. 11
Steamer Cymric, 1,251
To Genoa Oct 6 Steamer Canopic, 4
To Yarmouth Oct. 6 Steamer Boston, 100
BALTIMORE— To Liverpool— Oct. 6—Steamer Templemore,
1,379..
To Havre,
.
—
—
—
—
—
—
—
1,379
—
—
2,700
1,691
799
799
Total
176,640
The
particulars of the foregoing shipments for the
arranged in our usual form are as follows
week
,
Great French
Britain, ports.
5,557
945
1,634
NewOrle'ns
1,620
Galveston .33,409 22,745 21,167
Savannah _
4,281
Wilmingtonl2,815 5,225 13,179
N'p'tNews.
110
Boston
4,901
Baltimore
.
Philadelp'ia
1,379
475
8,286
9,823
9,782
8,702
500
i
...
...
Total.
17,080
11,623
91.576
13,458
100
31,219
110
5,005
5,770
799
105
500 176,640
1,691
799
The exports
from
158
175
4,473
._
2,700
Total ...58,970 32,304 42,883
bales
—
—
Oth. Europe
Mexico,
many. North. South.
&c. Japan.
Ger-
5,281 36,597
to Japan since Sept.
Pacific ports
Cotton freights at
1 have been 000,000
and 500 bales from New York.
New York
the pas
week have been
as follows:
Sat.
Liverpool
c.
Manchester
c.
Havre
c.
Brem en
Hamburg
Antwerp
Ghent,
v.
c.
c.
c.
Mon.
15
17
Tues.
15
17
Wed.
15
17
15
17
Thurs.
15
17
Fri.
17
17
25
25
25
20
25@30
25@30
25@30
25@30
25
25
25
25
25
25
25
25
30
25
25
20@25
28@31
20@25
28@31
20@25
28@31
20® 25
20@25
28@31
31
32
35
30
32
35
30
32
35
30
32
35
18@20
18@20
18@20
18@20
30
40
30
30
40
30
40
Ant.. c. 25@26
5@26
32
Reval, indirect.c.
Reval, v. Canal. c.
Barcelona, Nov.c.
30
32
35
30
Genoa
18
18@20
c.
35
30
Japan, v. Suez.c.
40
Quotations are cents pe r 100 lbs.
its per
Trieste
c.
30
40
40
Saturday.
Spot.
Market,
1
12:30
\
P. M.
J
Monday.
Tuesday.
Wed' day.
Fair
business
doing.
Fair
business
doing.
Fair
business
doing.
30
Friday.
Moderate
Good
demand.
demand.
Good
demand.
5.31
5.31
5.27
5.35
5.34
5.32
10.000
8,000
lv.000
10,000
10.000
Spec.&exp.
Futures.
500
Market
1
;
1
5@6
500
500
Quiet at
opened.
4
P.
Thursday.
7.000
Sales
iQuIetunch.
to
pts.
1
pt
advance.
decline.
500
9@10 pts.9@10
\
at 6 pts.
decline.
advance.
decline.
9@11
pts.
advance.
I
Steady at
2 pts.
decline.
pts.
Barely st'y Steady at
Quiet at
1(5(3 pts.
500
Quiet at
advance.
decline.
Quiet at
500
Steady at
Quiet at
7 pts.
M.
2 pts.
decline.
Quiet at
8 pts.
Steady at
decline.
advance.
4 pts.
The
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
below.
The prices are given in pence and 100th.
means 5 25-100d.
Sat.
Oct. 7.
Mon.
Oct.
9.
Thus: 5 25
Tues.
Wed.
Thurs.
Oct. 10.
Oct. 11.
Oct. 12.
Fri.
Oct. 13.
12% 1 12% 4 12%| 4 12HI 4 12% 4 12% 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. 'p.m. p.m. p.m. p.m. p.m.
d.
d.
rf.
October
5 25 5 23 5
Oct .-Nov .. 5 25 5 23 5
Nov .-Dec .. 5 28 5 27 5
Dec .-Jan
5 31 5 30 5
Jan. -Feb
5 34 5 33 5
Feb.-Mch.. 5 36 5 35 5
Mch-Apr
5 39 5 37 5
Apr-May
5 40 5 39 5
May- June.. 5 43 5 41 5
June- July.. 5 44 5 42 5
July- Aug .. 5 45 5 43 5
Aug.-Sept..
4,901
4
100
Oct. 6 Steamer Mexican, 1,000
Oct. 10
Steamer Corinth, 1,700
To Bremen Oct. 11 Steamer Cassel, 1,691
PHILADELPHIA— To Liverpool— Oct. 6— Steamer Friesland,
New York.
2,000
1,000
47,000
5,000
71,000
653,000
573,000
69,000
36,000
200,000
180,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Market,
—
—
—
—
Tot al stock— Estimated
Mid.Upl'ds
1,620
175
7,349
2,474
5
Oct. 10— Steamer Explorer, 4,241
28,223
To Manchester Oct. 6 Steamer Niceto, 4,945. ...Oct. 10
Steamer Explorer, 241
5,186
To Havre Oct. 11 Steamers Montauk, 11,407
Musician, 11,338
22,745
To Bremen— Oct.
Steamer Indian, 21,167
21 ,167
To Rotterdam— Oct.
Steamer Lord Dufferin, 1,250
1.250
To Antwerp Oct. 10 Steamer Corby Castle, 3,223
3,223
To Malaga Oct. 7 Steamer Dora Baltea, 1,000
1,000
To Genoa Oct.
Steamer Dora Baltea, 8,782
8,782
To Bremen— Oct. 10—Steamer Hansa, 4,281
4,281
To Reval Oct. 10 Steamer Hansa, 375
375
To Gothenburg Oct. 10 Steamer Hansa, 100
100
To Barcelona Oct. 10 Steamer Dinnamare, 6,601
6,601
ToGenoa Oct. 10 Steamer Dinnamare, 2,101
2,101
To Liverpool— Oct. 11
Steamer Othello,
12,815
12,815
To Havre Oct. 7 Steamer Rosewood, 5,225
5,225
To Bremen Oct. 12 Steamer Bertholey, 13,179
13,179
To Glasgow— Oct. 10— Steamer Indrani,
—
—
8,000
57,000
672,000
Of which American— Est. 609,000
Total import of the week..
.51,000
Of which American
37,000
Amount afloat
153,000
Of which American
133,000
Forwarded
639
100
500
— Steamer
1,620
—
Actual export
2,000
2,000
47,000
7,000
75,000
660,000
595,000
81,000
75,000
187,000
155,000
4,623
To Naples, per steamer Konig Albert, 639
To Trieste, per steamer Georgia, 100
To Japan, per steamer Indrapura, 500
NEW ORLEANS— To Hamburg— Oct. 10
23,982
1,000
2,000
41,000
9,000
47,000
661,000
591,000
45,000
32,000
181,000
153,000
Of which speculators took 1,000
Sales American..
32,000
d.
d.
d.
23 5 25 5 19 5 19
23 5 25 5 19 5 19
26 5 28 5 22 5 22
30 5 32 5 26 5 26
33 5 35 5 29 5 29
35 5 37 5 31 5 31
37 5 40 5 345 34
39 5 42 5 365 36
41 5 44 5 385 38
42 5 45 5 395 39
43 5 46 5 405 40
d.
d.
d.
27l5 28 5 26
29 5 28 5 26
31 5 32 5 30
35 5 36 5 34
1
5
5
5
5
5
38 5 39 5
5 40 5 41 5
5 43 5 44 5
5 45 5 46 5
5 47 5 48 5
5 48 5 50 5
5 49 5 51 5
d.
d.
!
d.
5 20 5 24 5 24
5 20 5 24 5 24
5 24 5 27j5 28
5 28
38 5 31
40 5 33
43 5 36
45 5 38
47 5 40
49 5 42
51 5 43
5
315 32
5 35(5 35
375
405
425
445
5 455
5 475
5
5
5
5
37
40
42
44
46
47
..._|-_„
BREADSTUFFS.
Friday, Oct. 13 1905.
Business in the market for wheat flour has been dull.
There has been a moderate advance in prices for the grain,
but this has failed to stimulate buyers of wheat flour, they
generally having their wants for the present fairly well proThe tone has held steady, mills
tected by old purchases.
not being willing to yield in the face of advancing prices for
wheat.
Rye flour has been quiet. Buckwheat flour has
had only a light sale. Corn meal has had a fair sale at
steady prices.
Speculation in wheat for future delivery has been moderately active, but the feature has been an active demand
from exporters for cash wheat. Germany has continued a
buyer at the Northwestern markets of No. 1 Northern,
paying full prices, and there have been fairly free sales to
exporters of Manitoba wheat 9@93^c. under New York,
December, at the Lake ports. It also is reported that
millers have been moderate buyers of spring wheat, paying
A congested condition of freight traffic is
full prices.
reported from Buffalo, it being difficult to obtain freight cars
to carry supplies forward to the N. Y. market, and this is
interfering with export business for shipment via this port.
The activity of exporters as buyers has had a bullish effect
upon the market and prices have made a moderate advance.
The movement of the spring-wheat crop for the week has
been only moderate, but there has been a free movement of
Crop news from India and Russia has
the crop in Canada.
not been promising. The monthly report of the Government's Agricultural Bureau indicated a yield from this
season's crop of 683,000,000 bushels, which gives an export
surplus, it is figured, of from 150,000,000 to 160,000,000
To-day offerings of wheat were fairly free and
bushels.
prices
weakened.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Sat.
Mon.
Tues.
Wed. Thurs. Fri.
89% 90% 90% 91% 91% 90%
89% 90% 90% 91% 91% 90%
91% 90% 90%
89% 90% 90
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
No. 2 red winter
...f.o.b.
December delivery in elevator.
in elevator
May delivery
Sat.
delivery in elevator. 84%
86
May delivery in elevator
83
July deliverv in elevator
December
Mon.
Tues.
Wed. Thurs. Fri.
85%
86%
83%
85%
86%
83%
86%
87%
84%
86
87%
84
85%
86%
83%
.
.
0<
r.
—2
— —
%
,
THB CHRONICLE.
14 1905.)
Indian corn futures have received only a limited amount
of speculative attention, but the tone of the market lias been
Exporters bave been operating freely, having made
firmer.
moderately large purchases in the local spot market, due to
their inability to bring supplies forward from
Buffalo,
owing to the freight blockade, in time to make deliveries for
shipment to Europe; prices have advanced.
Weather conThe monthly
ditions have continued favorable for the crop.
the Government's Agricultural Bureau issued
Tuesday indicated a crop yield from the present crop of
To-day the market was easier
2,700,000,000 bushels.
under large receipts and favorable crop prospects.
report
of
DAILY CLOSING PHICBS OF NO.
2
MIXKD CORN
s<ii.
Mon.
Tins.
Cash corn...
f.o.b.
tmber delivery in elevator.
60*jj
61
61
52%
53^6
53
January delivery in elevator
50?s
49?s
50m
NEW YORK
i\
51H
delivery in elevator
DAILY CLOSING PRICES OF NO.
'.
October delivery in elevator...
50%
December delivery tn elevator. 44)|
January delivery in elevator
2
^
MIXED CORN
IN CHICAGO-
Tues.
lid/.
51 V$
51%
44%
52%
Tliurs.
Fri.
52%
44%
45
51%
44%
Business in the spot market has been
active, exporters being free buyers, and fairly large sales have
been made for shipment from both interior and seaboard
markets. The outturn of the crop of oats, according to the
report of the Government's Agricultural Bureau issued on
Tuesday, is foreshadowed as 939,000,000 bushels. To-day
prices weakened slightly, but the close was steady.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat.
Mon.
Tues.
Wed. Thurs.
Fri.
33% 33Ji 33H 33%
white, clipped
34% 34% 35
33% 34
35
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
November
Mon. Tucs.
28%
October delivery in elevator
33
Sat.
-
33
28%
28%
30%
29%
delivery in elevator. 28
Dec. delivery in elevator
30%
July delivery in elevator
;
29%
The following are the
28^
28%
30%
29%
Wed. Thurs.
28%
28%
30%
Fri.
28%
30%
30
Fine..
<S)
@
"
(a
®
(a
00
3 15
3 25
3 40
4 00
i 40
5 55
Oats
f.o.b.
f.o.b.
f.o.b.
f.o.b.
— Mixed, bush
WhUe
93%
91%
90%
90%
@
@
33
34
34
37
Nominal.
Nominal.
._
No. 2 mixed
No. 2 white
Patent, winter.. $4 50
City mills, patent 5 00
Rye flour, s'fine. 3 85
Buckwheat flour 2 00
Corn meal
Western etc. . 3 05
Brandy wine..
,
(«,S4
@
@
@
@
§
75
5 50
4 50
2 25
3 10
3 10
Western mixed..
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush
Western
State and Jersey
Barlev— Western..
Feeding
57
c.
(11%
nom'l.
i
f.o.b.
f.o.b.
f.o.b.
nora'l.
nom'l.
@
69
75
Nominal.
(<>
4(i
60
44
39
PORT. — The
1
report of the Department of Agriculture for
respecting cereal crops was issued on Oct. 10 as follows:
The Crop-Estimating Board
of the Bureau of Statistics of the Department of Agriculture finds, from the reports of the correspondents
and agents of the Bureau, as follows:
The condition of corn on October 1 was 89.2 as compared with 89
last month, 83.9 on October 1 1904, 80.8 at the corresponding date
1903, and a ten-year average of 80.2.
The following table shows for each of the twenty-five principal corn
-3 the condition on October 1 in each of the last three years and hat
ptember 1 1905, with the ten-year averages:
1
Oct.
States—
96
90
95
87
76
Illinois
..
Nebraska
Kansas
1
1905.
.
-
Missouri
Kentucky
VI
95
I
10- year
average.
86
86
90
82
so
71
83
76
78
90
74
OS
72
80
81
si
87
95
84
77
so
70
92
93
S3
78
B2
84
so
84
90
84
93
84
88
38
711
SI
84
71
74
90
i/i
97
94
87
70
77
so
74
90
85
82
SI
S3
71
so
65
X2
'-
South Carolina
-:,
una
96
01
95
95
91
96
96
69
91
96
83
79
SO
S3
71
86
!is
82
85
India-
72
83
si
!).'{
Dakota
lllnni
Pennsylvania
iana
lean
90
89.2
state.,.
78
73
s.-,
80
[eld
,0
7!'
83.9
prelimina
85
so s
per acre
ol
80.2
ipring
for eaeta of the
1
!
in
20.5
7.7
14.0
L2 8
12
i
8,
i
89.0 as compared with 75.7
Is
FIVE YEARS.
Indicated
Wheat.
l'ru'luitinn,
1905.
Production, I'rotluctlon,
100 1.
Bushels.
'0.000
Ohio
Indiana
Mll'lllL'llll
36,050.000
7^.432.000
76.936,000
17.540,000
30,100,000
69,692,000
4 4.137,000
LN, 012.000
10, 055.000
Pennsylvania
2S.0li9.00O
Oregon
17.000,000
9,082.000
Minnesota
Kansaa
California
Illinois
North Dakota
Smith Dakota
Missouri
Wisconsin
Nebraska
4S, 000.000
32.100,000
13,841.000
Washington
Iowa
17s
I,
12.521
68,344,256
65.019,471
17. 474, so
I
21.6 12,421
92.193
I
I..7S-!
27,163,141
6,873,005
21.857,961
14.050.103
7,483,563
31, 453. 043
32,140,603
11.266.220
I'rmlurUon,.
1901.
I'rodurlion,
Bushels.
515
Bushels.
.
23.004,030
70,652,597
87.^49,567
20,926,192
16,571,940
55,240,580
47,252.004
22,194,614
15.524.S62
2li.03S.444
12.43S.S27
S, 305, 335
42,157,560
19,986,345
12,531.304
1002.
Bushels.
2.551
Bushels.
36,333
31,932,890
so. 102.627
99,079,304
34.743,111
30.052,053
69,310,669
51.002,307
31.137,097
13,702.939
28,660,797
17.15S.065
7,576,874
42,000,885
34,518,968
21.148,101
1,448
79,762,404
1,201
32,691,932
62,872,241
4a ,973, 033
56,266,494
18,693,218
21.02S.171
16,512,460
0.055,004
52,726,451
23.072,187
14,869.245
574.04G.000 440,208.089 509, 428.706,575,242, 4531616.325.238
109.265,000 112,191.428; 128,393, 129 94.820.555 132.134.980
Total
All others
1
Total United States a 6S3.311.000 552,399,5171637.821,835 670,063.008i748.460.218
a Of which 424.400,000 bushels winter wheat and 25S.911.000 bushels spring
wheat in 1905. against 332,935,346 bushels winter wheat and 219,464,171 bushels
spring wheat In 1904.
The preliminary returns indicate an oat crop of about 939,332,000
bushels (300,586,000 centals), or an average of 33.9 bushels (10.8 centals) per acre as compared with 32.1 bushels (10.3 centals) as finally
estimated in 1904, 28.4 bushels (9.1 centals) in 1903, and a ten-year
average of 29.2 bushels (9.3 centals).
The following table shows for each of the nine principal oats States
the figures of yield per acre for the last three years, in bushels and centals,
with the ten-year averages:
States
1905.
1903.
Ten-year av.
1904.
Bush. Cent. Bush Cent. Bush. Cent. Bush. Cent.
—
11.2
11.4
12.5
12.0
9.9
11.3
10.9
10.9
11.5
32.0
32.0
35.0
39.2
30.7
Pennsylvania
Ohio
35.0
35.5
39.0
37.5
31.0
35.3
34.2
34.0
35.8
United States...
33.9
10.8
Nebraska
Indiana
New York
7.8
10.9
9.2
9.8
31.4
34.2
33.5
27.2
29.8
31.2
29.6
34.4
10.3
10.0
10.9
10.7
8.7
9.5
10.0
9.5
11.0
9.1
29.2
9.3
24.0
26.6
32.8
32.3
29.5
24.4
34.0
28.6
30.6
32.1
10.3
28.4
32.1
7.7
8.5
10.5
10.3
9.4
33.1
34.1
33.9
40.9
10.2
10.2
11.2
12.5
9.8
10.6
10.9
10.8
13.1
centals), against 27.2 bushels (13.1 centals) one year ago, 26.4 bushels
(12.7 centals) in 1903, and a ten-year average of 25.0 bushels (12.0 centals).
The average for quality is
The preliminary estimate
86.2, against 88.7 last year and 85.4 in 1903.
of yield per acre of rye is 16.6 bushels (9.3
centals), against 15.2 bushels (8.5 centals) last year, 15.4 bushels (8.6
centals in 1903, and a ten-year average of 15.2 bushels (8.5 centals').
The average for quality is 92.6, against 91 .6 last year and 88.4 in 1903.
The average condition of buckwheat on Oct. 1 was 91.6 as compared
with 91.8 one month ago, 88.7 on October 1 1904, 83.0 at the corresponding date in 1903, and a ten-year average of 82.4
The average condition of flax on October 1 was 91.5 as compared
with 94.2 one month ago and 87.0 on October 1 1904.
The average condition of tobacco on October 1 was 85.8 as compared
with 85.1 one month ago, 85.6 on October 1 1904, 82.3 on October 1
1903, and a five-year average of 79.1.
The average condition of potatoes on October 1 was 74.3 as compared
with 80.9 one month ago, 89.5 on October I 1904, 74.6 on October 1
1903, and a ten-year average of 76.
The average condition of rice on October 1 was 89.3 as compared with
92.2 one month ago, 87.3 on October 1 1904, and 90.6 on October 1 1903.
The indicated yield of the principal crops for 1905, as figured out by
us on the basis of the acreage and condition percentages, is as follows,
the total crops as reported by the Agricultural Department for 1904,
1903 and 1902 being appended for comparison:
he final estimate
1902.
1904.
1903.
Bushels.
Bushels.
Bushels.
2,700.000,000 2,467,480,934 2,244.176,925 2,523,648.312
1905
Bushels.
Corn
Winter wheat
Spring wheat.
Oats
Barlev
Rye
Total
424,400,000
258,911.000
939,332,000
132,806,000
30,300,000
1904 and 1903, In
i,-.
411,788,666
258,274,342
987,842,712
134.954.023
33,630,592
399,867,250
237,954,585
784.094,199
332,935,346
219,464,171
894,595,552
139,748,954
27,234,565
131,861.391
29.363,410
4,485,749,000 4,081,459,522 3.827,317.766 4,350,138,647
—
Exports of Grain and Flour from Pacific Ports. The exports of grain and flour from Pacific ports for the week ending
follows:
Oct. 12, as received by telegraph, have been a
Prom San Francisco to London 25,000 bushels barley; to
various Pacific ports, 7,911 bbls. flour, ,000 bush< Is wheal
700 bushels corn and 7.500 bushels barley.
Combining these figures with those for previous weeks, we
have the following, which covers the export* to foreign
comparison being made
countries for the period since July
1
1
with the corresponding period
Export
Flout,
Wheat,
from—
bbls.
hush.
35, 500
San Francisco. 173.272
Putet Sound.. 266,994
Portland
t
jer.
ii
s
11.3
WHEAT CROP FOB
86
68
S3
Mississippi
oia
United
Oct.
1903.
84
76
80
87
86
84
84
.
North Carolina
Arkansas
1
1904.
79
9S
99
(il
Alabama
Oct.
x.x
99
86
84
95
Ohio
96
94
Indiana
Georgia
Tennessee
Stpt. 1
1905.
l.i
18.9
I
The average for quality is 92.4, against 91.4 in 1904 and 79.9 in 1903.
The preliminary estimate of yield per acre of barley is 26.7 bushels (12.8
c.
@
1RICULTURAL DEPARTMENT'S OCTOBER RE-
Oct.
8.8
12.7
13.8
7.1
Centals.
7.0
7.0
S.3
7 a
12.3
the four preceding years.
Wisconsin
Minnesota
Corn, per bush
N. Dul., No. 1..
N. Dul., No. 2..
Red winter, No.
"
Hard
"
14.7
13.1
1903.—
The indicated production of wheat for the whole country
for 1905 makes the following comparison with the results for
Illinois
GRAIN.
Wheat, per bush
.
Iowa
closing quotations:
@S3
$2 50
3 05
3 20
3 30
3 50
4 00
4 65
stairs.
Final,
Bushels.
5.8
The average quality of spring wheal
1001 ami 85.6 in 1903.
28%
30
FLOUR.
Superfine
Extra, No. 2...
Extra, No. 1...
Clears
Straights
Patent, sprint;-.
22.6
1.8
•i.e.
i
8.2
S.3
13.5
s
fractional advance.
f.o.b.
f.o.b.
|
y
44^
43% 43% 44f 4 44
43%
Oats for future delivery at the Western market have been
quiet, but there has been a firmer tone, and prices show a
No. 2 mixed
in
s.i
i
Washington
MK
50
51?i
43%
delivery in elevator
o
13.7
13.8
Wed. Thurs. Fri.
<"'Noin
Man.
44%
Minnesota
North Dakota.
south Dakota
[owa
United
Final. 1904.
Bushels. Centals.
7.7
12.8
October 1905,
Bushels. Centals.
13.3
8.0
—
61^
49 8
50
Slates
!)<>
I
I
113,704
91,068
126,166
Total
Total 1904
688970
262,784
,
of the previous
<
bush.
21.976
13,143
Oats,
bush
1.247
81,265
1.386,088
420
ousn
-----276
82,614
1.386.608
276
• principal ipring
836:678
W&fl
;'..H11.254
year
i23
'"'
''
884.1
-
THE CHRONICLE.
1200
EXPORTS OF BREADSTUFFS, PROVISIONS, COTTON AND PETROLEUM.—The exports of these articles
during the month of September, and the nine months, for
the past three years have been as follows:
1905.
Exports
from V. S. September.
1903.
1904.
9 Months.
September.
September.
VMonllis.
9 Months
Quantities.
Wheat
Flour. _t)bls
2,102,109
1,150,887
3,946,774
6.363,256
222,433
840,875
Wheat bush
Corn.. bush
281,100
5,(197.112
32.581.426
82,752,212
4,006,370
3,305,502
50,479.199 14,550,775
34,441,771 3,079.847
Tot. bush 12,978,212 115,533,038
Values.
$
8
Wh't& flour 6.914,922 32,480,804
Corn& meal 3,545,483 45,782,016
Rye
166,355
221.454
Oats & meal 1. 48 1.430
4.811,145
Barley
872,053
3.710.646
7,311.932
$
3,975,925
1,992.636
383
81,766
369,205
84.920.970 18,230,022 189,321,024
S
$
$
46.340,346 12,323,279 95.833,536
19.441,467 2,278.623 41,213,345
1.518,828
22,145
59.472
1,348.497
115.015
573.168
2.576,900
860,560
1,902.355
busli
7
54.855,877
13.524,769
6,330,297
1.826.773
9,762.722
9,048,106
Br'dstuffs.
12.980,243 87,006,065 6^419,915 68,376, 808, 15,599,622:142,491.100
Hrovislons a 15,910,010 153,323,231 15,110,502 141.306,358 16,574.896 147,299,513
32,789,656 220,380.081 43.742.325 197,015,093|21, 179.900' 177,698,998
Petrol.. &c. 7.397,408 57.293.034 7.260,505 58,722,477 6,379,476 49,652.391
Cotton
Tot.value 09,077,377 518,003,011 72,523,247 405.420.736 59,733.894 517,142.008
a Including cattle and hogs
In all
months and
years.
The aggregate exports from the United States of wheat
and wheat flour, expressed in bushels, for the nine months
from January
1 to September 30, inclusive, have been as
follows for four years:
1905.
3,946.774
.28.634.652
1904.
1903.
1902.
9,763,722
40,715,457
54,855,877
60,861,461
95,213.194
55.668,154
32,581,426
Wheat, bushels
50.479.199
115.717,338
150.881.348
.
Flour, reduced to bushels..
Total bushels.
For other tables usually given here see page 1152.
THE DRY GOODS TRADE.
New York.
Friday, Oct. 13 1905.
The cotton goods market has remained consistently firm
during the week in the face of a further decline in raw material, and sellers still maintain their independent attitude.
They assert that the present price level of cotton does not
warrant any lowering of goods values and that, quite apart
[VOLL XXXI
complain particularly of their inability to purchase spot
goods. Denims and other coarse, colored cotton goods are so
far sold ahead that buyers are confronted with a serious
problem in attempting to cover their spring requirements.
Higher prices are being asked on this class of fabric for anything like early delivery.
Napped goods continue firm and
in good demand.
Kid-finished cambrics have been advanced in some instances during the week and the demand
has improved. Staple and fancy prints maintain their
strength and staple and fine grades of ginghams are in very
fair request at the higher level.
Print cloths are very firmly
held but business has not been heavy.
Bids of 3%c. are
still reported for regulars and sellers are holding for 5c. on
wide 64s.
WOOLEN GOODS. — Renewed
buying
men's wear
of
light-weight woolen and worsted goods is looked forward to
in the near future, for while many manufacturing clothiers
have purchased sufficient goods to supply their needs, yet
others have not done so.
Some of these now have their
salesmen out on the road, and the orders which they will
take will be reflected in the duplicate purchasing at first
hands.
From present indications, second orders will follow
closely the same lines as original business, which will mean
that while some manufacturers will have more business
offered to them than they can handle, others will be left more
or less out in the cold.
A fair amount of heavy-weight
business is being transacted, and orders for overcoatings
particularly have been heavy.
In goods for men's wear,
grays continue the favorite colors in spite of assertions on the
part of buyers that they would not buy any more of these
goods.
The purchasing of dress goods continues without
any important change being noted in its character, and
jobbers have about completed the placing of their initial
orders.
The suit trade has not commenced to operate in
earnest so far, principally owing to the uncertainty of what
line the spring requirements will take.
All lines of lightweight sheer fabrics have sold well, but broadcloths are
undoubtedly the most popular at the present time. These
have been advanced in price during the week, and the
volume of business that has been placed has been very large.
FOREIGN DRY GOODS.— Agents for imported woolen
and worted dress goods continue to report satisfactory
from this, no weakening in cotton manufacture is possible as
orders, but there has been no change in the character of
long as goods remain so far sold ahead as they are at the
business.
Silks are steady and in moderate demand.
present time, with new orders constantly coming in.
De- Ribbons show no change. Initial buying of spring linens is
liveries are everywhere far behindhand, and in some cases
about over, and the season so far has been very good.
the delays are serious.
There is still a scarcity of labor in Burlaps continue to advance, and the scarcity is still serious.
both the East and the South, and as long as mills are not
able to run to their full capacity the cost of production must Importations and Warehouse Withdrawals of Dry Goods.
necessarily be higher than it would be otherwise.
Buyers
The importations and warehouse withdrawals of dry
have perhaps become rather more conservative in their goods at this port for the week ending Oct. 12 1905, and
operations, but the amount of future business is still of fair since January 1 1905, and for the corresponding periods
proportions and the demand for spot goods is as great as ever. of last year, are as follows:
Many buyers still find themselves unfavorably placed
through their absolute inability to secure goods that they are
in urgent need of, and for the present at any rate the demand is in excess of the supply. Further, the export demand shows signs of broadening, and while some 25,000 bales
have been taken by China on the present movement, inquiries now being received cover a much wider range of goods
than they did at the outset. In some instances exporters
have contracted for goods to be delivered as far ahead as
October of next year, and have been willing to pay full prices
for these.
Dress goods have again been active during the
week and sellers are fully satisfied with the volume of business so far placed.
DOMESTIC COTTON GOODS.— The
exports of cotton
goods from this port for the week ending Oct. 9 were 2,732
packages, valued at $189,330, their destination being to the
points specified in the tables below:
1904
Since
.
Since
Week.
45
28
11,948
19 )787
8,771
24,673
2,289
13,578
46,273
13,274
41
1,771
444
1,365
185
11,338
42,250
16,342
2,732 237,917
Ata---
Jan. 1.
955
760
95,609
408
.
3,136
187,401
221
West Indies
1,053
Mexico
Central America
South America...
Other Countries
58
172
731
16
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Great Bntain
Other European
China
India
Arabia
oo
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Week. Jan. 1.
8
876
29
652
69,800
250
5,926
14 857
8
806
8,138
15,746
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.
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Total
The value of these New York exports since January 1 has
been $12,872,018, against $11,328,176 the previous year.
Heavy brown drills and sheetings are being taken sparingly by the home trade, but more business could be transacted if suitable deliveries were available. The bulk of the
export business so far has been in 3-yard sheetings, but business has also been done in standard and 3.25-yard drills and
sheetings and also 3-yard drills.
Inquiries have lately been
received for lighter-weight goods, but no business has so far
been reported. The home demand for light-weight sheetings, however, has been sufficient to keep these goods very
firm and to cause sellers to maintain their independent attitude.
s
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many months
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Bleached goods continue very firm
and the scarcity of gray goods is making itself felt. Buyers
behind.
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— ——
——
Oct,
——
— —
—
— —
THE CHRONICLE.
14 1905.]
$t*t£
————— — —
——
— — — —
City £)£?/* ftment.
*tu)
Bond Proposals and Negotiations
this
week
1201
Boise City (Idaho) Independent School District. Bond
Proposals will be received until 10 a. m. Oct.
31 by the Board of Trustees for $90,000 5% gold schoolSecurities were authorized at election
building bonds.
Denomination $500. Date Nov. 1
held Sept. 26 1905.
Interest semi-annual.
1925 subMaturity Nov.
1906.
Certified check for 5% of
ject to call after Nov. 1 1915.
the amount bid, payable to the Independent School District
L. M. Beal is Clerk and Grace C.
of Boise City, required.
Logan is Nice-President Board of Trustees.
Boston, Mass. Bond Sale. This city recently -old to
the City of Boston Trust Funds at par an issue of $4,000
3J^% highway and public-park bonds dated Sept. 1 1905
and maturing July 1 1935.
Bradford School District, Del Norte County, Cal. Bond
On Sept. 15 $2,000 6< y, school bonds were awarded to
Sale.
the Del Norte County Bank of Crescent City.
Brady (Tex.) Independent School District. Bonds RegisThe Comptroller on Oct. 2 registered an issue
tered and Sold.
of $12,000 5% 5-40-year (optional) school-house bonds dated
Sept. 10 1905.
These bonds have been purchased by the
State Board of Education at par and interest.
Breckenridge, Minn. Bonds Valid Bond Offering.
By
a vote of 67 to 10 this village on Oct. 3 authorized the issuance of $11,298 15-year funding bonds at not exceeding 5%
Proposals for these bonds will be received until
interest.
Offering.
—
1
hayo been as follows
Aberdeen S. Dak.—Bond
:
Proposed.—An
Election
ordi-
nance has born introduced providing for an election to vote
on t lit- question of issuing $35,000 electric-lig ht-plant bonds.
The City Auditor writes 08 that no date has been set for
the election; also that it is very doubtful whether it will ever
materialize.
—
Bond Sato. On Oct. 4 the Governor sold to
National Bank of Montgomery at 102 $90C>,000
50-year bonds issued to refund "Class C" bonds matuThese bonds (together with $7,437,600
ring Jan. 1 190G.
proposed for the refunding of securities maturing .July 1 1900)
were offered on April 4, but all bids then received (the highest
See V. 80, p. 610, for
of which was 101.831) were rejected.
description of bonds.
Alabama.
the
First
— This
Allentown, Pa. Bond Cull.
2 water bonds Nos.
ment Oct.
city called for payto 49 inclusive, each for
1
$100.
Amoiia, Ohio.— Bund Sale.— On Sept. 30 the $1,250 6%
2-7-vear (serial) sidewalk bonds described in V. 81, p. 1060,
were awarded to W. R. Todd & Co. of Cincinnati at 101.24
and interest. Following are the bids:
$1.2">1 26
W. H.Todd * Co.. Cincinnati. a$l. 265 50IS. A. Kean, Chicago
—
—
—
—
—
Oct. 16.
Breckenridge (Tex.) Independent School District. Bond
The State Board of Education on Oct. 2 purchased at
par and interest $7,000 4% 10-40-year (optional) schoola And accrued interest.
house bonds dated April 10 1905. These bonds were regisAugusta, Ga. Bond Offering. Proposals will be received tered by the State Comptroller on Aug. 23.
until 12 m. Oct. 30 by William M. Dunbar, Chairman of
Brevard, N. C. Bonds Not Yet Sold. No sale has yet
Finance Committee of City Council, for $180,000 4% 30-year
refunding bonds, of which $145,000 will be used to been consummated of the $25,000 5% street, water and
coupon
bonds mentioned in V. 81, p. 682.
retire bonds falling due Dec. 1 1905 and $35,000 to retire sewer
Bond Sale. We are advised that the $55,000
Bristol.Vt.
Denomination $1,000. InFeb. 1 1906.
those falling due
terest semi-annual. Certified check on a national bank, pay- 4% water-works bonds described in V. 81, p. 224, have been
able to the City Council, required in the amount of $1,500 sold to Jose, Parker & Co. of Boston.
with bids for the $145,000 issue and of $500 with bids for the
Burlington, Kan. Bond Sale.
An issue of $16,500
$35,000 issue.
water-works bonds has been sold to the State School Fund.
Full details are at hand
Baltimore, Md. Bond Offering.
Butler, Ind.—Bond Sale. —On Oct. 6 the $6,500 5
fundregis- ing bonds described in V. 81, p. 1060, were awarded to E. D.
relative to the offering on Nov. 22 of $3,000,000
Proposals for these bonds will be Bush & Co. of Indianapolis, at 105 and interest.
tered bonds, loan of 1954.
Following
received until 12 m. that day by Wilton Snowden, Presi- are the bids:
dent of Board of Commissioners of Finance. Denomina- E.D.Bush &Co., Indianapolis. .. $6, 8251 J. F. Wild &Co., Indianapolis. ..$6,770
6,800 |S. A. Kean
6,105
Date Dec. 1 1905. Interest semi- Meyer & Kiser, Indianapolis
tions $100 or multiple.
Butte, Mont. Bond Offering.
This city will sell at public
Maturity June 1 1954. Securities
annually in Baltimore.
are issued under the authority of Chapter 468 Laws of 1904, auction at 2 p. m. Nov. 15 the $400,000 4J^% funding and
which Act provides for a loan of $6,000,000 for the improve- refunding bonds authorized by a vote of 1,128 to 590 at elecDenomination $1,000. Interest Janution held Sept. 12.
ment of docks and whajjves.
ary and July at office of City Treasurer or at some bank in
Barnstable County (P. O. Barnstable), Mass. Bond New York City.
Maturity twenty years, subject to call
Proposals will be received until 12 m. Oct. 23 by
Offering.
after ten years.
the County Commissioners for $32,000 notes of $2,000 each.
Caspar School District, Mendocino County, Cal. Bond
Interest (rate to be named in bids) will be payable semi-annuallv.
Maturity $2,000 yearly beginning Oct. 1 1906. Sale Postponed. We are advised by Hale McCowen, County
Clerk, that the sale of $3,000 7% bonds of this district which
Authority Chapter 371, Laws of 1905.
was to have taken place on Oct. 3 has been continued until
Proposals
Bassett, Rock County, Neb. Bond Offering.
Nov. 2.
will be received until Oct. 25 by W. T. Phillips, Village Clerk,
Catasauqua, Pa. Bond Sale. This borough recently sold
for $8,000 6% coupon water bonds.
Denomination $500.
$10,300 ot an issue of $13,000
bridge bonds to the folInterest annual.
Maturity 20 years, subject to call after
.5
Bonded debt, lowing parties at 100.125:
years.
Certified check for $200 required.
SI, 600 Mrs. Ella McKeever. SI, 500 IJohn R.Jones
$2 000
Actual value, JohnR.Tait
this issue.
Assessed valuation, $41,731.
Joseph Kane
200| David R. Grifllth.-. 2,000|Chas. E. Lewall
3^000
about $208,658.
The remaining $2,700 bonds are still on the market. DeBento County (Wash.) School District No. 6. Bond Sale. nominations $100. Date Oct. 1 1905. Interest semiOn Sept. 30 the $4,000 school-house bonds described in annual. Maturity Oct. 1 1935, subject to call after Oct. 1
V. 81, p. 1000, were awarded to the State of Washington at 1915.
par for 4J^ per cents. Following are the bids:
Central Covington, Ky. Bond Offering.
Proposals will
state of Washington (for 4Hs>)
par
parlRoberts Bros., Spokane (for 6s)
be received until Oct. 18 by the Town Trustees for $5,842 54
W. D. Perkins & Co., Seattle (for5Hs)par!
Denomination $1,000. Date Oct. 2 1905. Interest an- 6% street-improvement bonds. Interest semi-annual. Frank
nual.
Maturity twenty years, subject to call after one year. Staggenborg is Town Clerk.
Chestnut School District No. 50, Gallatin County, Mont.
Benton County (P. O. Fowler), Ind. Bond Sale. On
Bond Offering. Proposals will be received until 2 p. m.
Oct. 6 the Bank of Earl Park, Earl Park, Ind., was awarded
Oct. 17 by Wm. Freakes, District Clerk, for $3,800 coupon
$3,196 6% ditch bonds at 103.25. The following bids were
school building bonds at not exceeding 6% interest.
Dereceived:
nomination $100. Date Dec. 1 1905. Interest annually
Bank of Earl Park. Earl Park. I... S3, 300 Koehler & Cummings, Toledo
$3 243
Security SavlnraBk. &T.rCo.,Tol 3,248|S. A. Kean. Chicago
3,215 in Bozeman at County Treasurer's office.
Maturity $1,900
Denominations $600 except one bond for $196. Date on Dec. 1 1910 and $1,900 on Dec. 1 1915. Bonded debt
Sept. 12 1905.
Interest semi-annual.
Maturity Sept. 12 this issue. Assessed yaluation $129,169.
1912.
Chicago (111.) West Chicago Park. Bond Election.
Benton (Mo.; School District. Bond Sale. An issue of At the coming general election Nov. 7 propositions to issue
$6,000 5% 10-20-year (optional) school bonds has been $2,000,000 park and bouleverd and $1,000,000 small park
bonds will be submitted to a vote. Interest (not exceeding
awarded to Geo. M. BrinkerhofT of Springfield.
semi-annual.
Maturity within twenty years.
Biloxi,
Miss. Bond Offering.
Proposals will be re- 5%)
Ghicopee, Mass.
Temporary Loan.- This city recently
ceived until 7:30 p. m. Nov. 7 by O. G. Swetman, City
Clerk, for $10,000 5% coupon water-works-improvement negotiated a loan of $15,000 at 4% interest with the Chicopee
bonds.
Denomination $500. Date Oct. 6 1905. Interest Savings Bank. Loan matures Dec. 1 1905.
payable at Citv Trra-urer's office.
Maturity Oct. 6 1925,
Choctaw Basin Drainage District No. 2, We3t Baton
subject to calf after Oct. 6 1910.
(
srtifil sd check for 5%,
Rouge Parish, La. Bonds Authorized. The issuance of
payable to J. B. Bradford, Mayor, required.
Bonded the $40,000 5% drainage bonds, voted al the election held
debt, not including this issue, $113,500.
Assessed valua- Aug. 26 1905, has been authorized.
&
Bank, Barnesville-. «1.271 00 SeasoiiROod
Broughton Ger. Bk.Co..Cin.. al. 262 251
First Xat.
Mayer, (incin.. al,251 00
Sale.
—
—
—
—
—
—
4^%
%
3^%
—
—
—
—
—
3^%
1
—
—
—
—
1
—
—
—
—
—
<
tion $2,000,000.
Bladen School District No. 31, Webster County, Neb.
Bid* Rejected.
5%
school
— All
bond.-,
bids
of
received
this
district
bonds, we are informed, has
time
now
on Sept. 30 for $4,700
were rejected. Sale of
been deferred for some
Cincinnati, Ohio.
Bond Offering. - Proposals will bi
ceived until 12 m. Nov. 13 (postponed from Nov. Hi by W.
T. Perkins, City Auditor, for 175,000 Z\i% Police Depart-
ment and 875,000
3H%
l''
1
"''
,) '!
Denomination $500. Date Nov.
annually at the American Exchangi
,:
1
'
tmenl coupon bond
1905.
Interest
emiBank, New ¥ork City
.
THE CHRONICLE.
1202
Maturity Nov. 1 1935. Certified check for 5% of the gross
of bonds, payable to the City Auditor, required.
Bids to be made on blanks furnished by the City Auditor.
Accrued interest to be paid by purchaser.
The
Clallam County (P. O. Port Angeles), Wash. Bids.
following bids were received on Oct. 2 for the $40,000 4j£%
10-20-year (optional) funding road and bridge bonds
awarded, as slated last week, tp E, II. Rollins & Sons of
Clerk, at the office of Scotl Bonham, Solicitor of Elmwood
Place, No. 519 Main Street, Cincinnati, for $2,500
1-10-year (serial) sewer bonds of $250 each.
Date Nov. 15
1905.
Accrued interest to be paid by
Interest annual.
purchttser.
Certified check for
of the amount of bonds
bid for, payable to the Clerk of the village, required.
4^%
amount
—
—
5%
—
Edwin
& BOOB. Chicago. __ $40, -J 20
C. Benedict. New York... 40.1001
1
W.
.J.
Hayes & Sons. Cleveland. .840.017
—
—
Cloquet (Minn.) School District No. 7. Bond Hale. The
$3,500 school bonds mentioned in V. 81, p. 683, have been
sold to the First National Bank of Cloquet.
Colquitt, Ga.
Bond Election. An election will be held in
this city on Oct. 10 to vote on the question of issuing $6,000
4% 1-10-year (serial) bonds for a water-works system.
Craig School District, Modoc County, Cal. Bond Sale.
On Oct. 1 the $1,200 8% l-8-year}(serial) gold coupon school
bonds described in V. 81, p. 1000, were awarded 'to Geo. H.
Following are the bids:
Meyers of Carson, Nev. at 108.333.
—
Geo. H. Meyers, Carson. Nev
Wm. R.StaatsCo., Pasadena
First Nat. Bank, Lakevlew
$1,8001
—
H. C. Rogers. Pasadena...
1,241 S. A. Kean, Chicago
1.224]
Securities are dated Oct. 2 1905.
-
..81,218
- 1.206
Ohio. —-Bond Sale. —
Cuyahoga County
(P. O. Cleveland),
Oct. 7 the $28,000 5% coupon Petrie Road bridge bonds
described in V. 81, p. 1000, were awarded to W. J. Hayes &
Sons of Cleveland at 108.678. Following are the bids:
W. J. Hayes & Sons, Cleveland$30,430 00 Lamprecht Rros. Co.. Cleve.S30,157 00
On
<fc
Denison, Prior
Seasongood
&
& Co., Cleve... 30,388 50 Security Savings Bank
Deposit Co
Mayer, Cino.in.. 30,345 75
At
Sale
30,100 00
Roth & Co., Cincinnati. 30,315 00 W. R. Todd & Co.. Cincinnati. 30.000 00
Rudolph Klevbolte & Co.. Cin. 30,208 00 F. L. Fuller & Co., Cleveland. 30,000 00
Rodgers & Sons, Chagrin Falls 30,215 00 New First Nat. Bk.. Columbus 29,925 00
Weil.
—
—
Daviess County (P. O. Owensboro), Ky. Bond Election.
At the coming general election on Nov. 7 a proposition to
issue $250,000 bonds will be submitted to a vote of the
people.
—
—
Davis, Ind. Ter. Bond Election. On Oct. 27 an election will be held to vote on the^question of issuing $25,000
water-works bonds.
Davison County
(P. O. Mitchell), S.
Dak.
—Bond Sale. —
On Oct. 10 the $20,000 4J^% 10-20-year (optional) coupon
gold funding bonds described in V. 81, p. 1061, were awarded
to N. W. Harris & Co. of Chicago at 103.21 and interest.
Following are the bids:
N. W. Harris & Co., Chicago.S20.642 OOlSeholle Livingston, St. Paul. $20, 415 00
MacDonald, McCoy
&
Kane &
Co., Chi 20,552 00
Co., Minneapolis
JohnNuveen & Co., Chicago.. 20,487 50 F. E. Magraw, St. Paul
O.L. Branson* Co., Mitchell. 20,487 001 And thirteen other bids.
20,406 00
20.405 00
Browne-Ellinwood Co., Chic.. 20,453 00|
—
—
Deal, N. J. Bonds Voted.
This borough on Oct. 6
a vote of 28 to 3 authorized the issuance of $130,000
beach bonds. Date of sale not yet determined.
—
by
4%
—
Decatur County, la. Bond Election. An election will
be held on Nov. 7 to vote on the quesion of issuing $75,000
court-house bonds.
—
—
Defiance, Ohio. Bond Election Proposed. A resolution
is before the City Council providing for the issuance of $50,000 electric-light and gas-plant bonds.
Denver, Colo. Bond Offering. Proposals will be received
until 11 a. m. Oct. 20 by G. E. Randolph, President Board
of Public Works, for the following bonds:
—
—
5% West Denver Improvement District No. 1 bonds dated June 1 1905.
5% South Broadway Improvement District No. 2 bonds dated July 1 1905.
6% Highlands Special Sanitary Sewer District No. 8 bonds dated Julv 1 1905.
6% East Denver Improvement District No. 2 bonds dated July 1 1905.
1,500 6% Ash Street Improvement District bonds dated Oct. 1 1905.
3,000 6% South Capitol Hill Storm Sewer District bonds dated Oct. 1 1905.
Denomination $500. Interest payable at the office of
the city Treasurer or at the Mercantile Trust Co., New York,
City.
Maturity "on or before" thirteen years after date
Certified check on a national bank or trust company for 2%
of the par value of the bonds, payable to the Treasurer of
the City and County of Denver, required.
$3,000
3,000
|1,500
2,000
1
District. —Bond
—
Dunmore (Pa.) School
Election.
An
election, it is stated, will be held on Nov. 7 to vote on the
question of issuing $45,000 funding bonds.
East Grand Forks, Polk County, Minn.
5%
—Bond Sale. — On
Oct. 6 the $25,000
20-year coupon water bonds described
in V. 81, p. 1001, were awarded to W. J. Hayes & Sons of
Cleveland at 105.048 and interest. Following are the bids:
W. J. Hayes & Sons. Cleve..aS26,262
Trowbridge, Niver & Co., Chi <z26,012
— —
a
And
.
5%
—
—
accrued interest.
OOlChas. H. Coffin. Chicago
$25,751 00
00| Edwin C. Benedict (less $500
for expenses).
25 000 00
Kane & Co. (less 214% com.) 25,000 00
—
Ephrata, Pa. Bonds Authorized. The Borough Council
has authorized the issuance of $45,000 4% 10-30-year (optional; bonds for the purchase of the plant of the Ephrata
Water Co. Denomination 1500. h
semi-annually
at the office of the Borough Treasurer.
Securities are free
from State tax.
Fayetteville, N. C.—Bond Sale.—-On Oo1 10 the $100,000
coupon water-and-sewer bonds maturing June 1 1933, a
description of which was given in V. 81, p. 930, were awarded
to N. W. Harris & Co. of New York City at 106.425.
Following are the bids:
N. W. Harris & Co., New York. .106.425 Browne-Ellinwood Co.. Ohteago-.103.167
Chicago:
E. H. Rollins
fVCL. LXXil.
Seasongood & Mayer, Cincinnati. 106.42
Union Sav.Bk.A- Tr. Co.. Clncin. 106.10
F. L. Fuller
&
—
of Fayetteville, Fayettevlllel02.75
Bank of Fayetteville... 102 .76
National
L06.085 Southern Real Estate Co., J av lv'102.50
Security Trust Co., Spartanbure.102.
Ft. Klevbolte A- Co.. Cincinnati.. 101.50
Weil, Roth a- Co.. Cincinnati
101. 10
Lamprecht Bros. A; Co., OevelandlOO.I.'.'j
W. li. Todd & Co.. Cincinnati... 100.05
Co., Cleveland
MacDonald, McCoy A: Co., Chic.. 106.06
Kobinson-Humphrcy Co., AtlantallJ
W.J. Hayes & Sons, Cleveland. .106.03
Prov. Sav. Bk. &Tr. Co., Clncln.106.00
S. A. Kean. Chicago...
104.00
1
|
—
Felton Township, McLay County, Minn. Bond IssueWe are advised that, owing to irregularity in the
proceedings, the proposed loan of $5,000 from the State for
road and bridge purposes will not be made.
Fergus Falls, Minn. Bond Offering. Proposals will be
received until 4 p. m. Oct. 31 by G. H. Gard, City Clerk, for
the $20,000 4% coupon refunding electric-light bonds menDenomination $1,000. Date
tioned in last week's issue.
Dec. 1 1905. Interest semi-annually at place to be mentioned by purchaser.
Maturity Series "A" $10,000 Dec. 1
1915 and Series "B" $10,000 Dec. 1 1920, Series "B" being
Certified check for $500",
subject to call after Dec. 1 1915.
payable to the City of Fergus Falls, required. As the City
Council may decide to purchase some of these bonds for the
sinking fund, bidders arexequested tojiame price for all or any
part of each series.
Fort Bragg School District, Mendocino County, Cal.
Bond Sale Postponed. The sale of $5,000 5% bonds of this
district which was to have taken place on Oct. 3 has been
continued until Nov. 2. Hale McCowen is County Clerk and
has charge of the disposal of these bonds.
Gananoque, Ont. Debenture Offering. Proposals will
be received until 4 p. m. Oct. 24 by S. McCammon, Town
Clerk, for $35,000 4% water and sewer debentures.
Grangeville, Idaho. Bonds Defeated.
The vote at the
election Sept. 19 on the proposition to issue $30,000 water
bonds was 179 for to 108 against. .Two-thirds vote being required, the proposition failed.
Green Bay, Wis. Bonds Proposed. The issuance of
$34,000 school and $12,000 street-paving bonds is being
Irregular.
—
—
—
—
—
—
—
—
—
—
—
considered.
Greenwood,
Wis.—Bond Sale.— The
$15,000
electric-
light-plant bonds mentioned in V. 81, p. 930, have been sold
to the State of Wisconsin.
—
—
Hanska, Minn. Bond Election. An election will be held
Oct. 17 to vote on the question of issuing $4,000 5% waterworks bonds.
—
—
Harrington, Wash. Bond Election Postponed. The City
Council has postponed for the time being the election which
was to have been held on Oct. 14 to vote on the question of
issuing $23,000 water-plant bonds.
Hartland, Wis.—Bond Sale.— On Oct. 7 the $7,000
coupon gas bonds described in V. 81, p. 1133, were awarded
to the Bank of Hartland, Hartland, at 100.357 and interest.
Following are the bids:
4%
Bank
S. A.
of Hartland
Kean, Chicago
$7,025|Kane
—
&
Co., Minneapolis, basis.-4J^%
7,0001
—
Hartney, Manitoba. Debenture Sale. On Oct. 3 $7,000
town-hall and $3,000 fire-protection 5% debentures were
awarded to W. C. Brent of Toronto at 100.28 and interest.
Following are the bids:
al00.28| Aemilius Jarvis & Co., Toronto. _al00. 10
W. C. Brent, Toronto
100.61 National Trust Co
a99.00
J. W. Nay, Regina
a And accrued interest.
Securities mature part yearly for twenty years.
1
Highland Park, Mich.
I
|
Hank
village
by a vote
of 11 to
—Bonds
—
On Sept. 27 this
Voted.
authorized the issuance of $8,000
Date of sale not yet determined.
Eden Plain School District, Contra Costa County, Cal.
4J^% water-works bonds.
Bond Offering. Proposals will be received until 2 p. m.
Hope (Ind.) School District. Bond Election. On Nov. 7
Oct. 17 by Geo. A. Wiley, County Treasurer, P. O. Martinez, the question of issuing $7,400 school-building bonds will be
—
for $6,000 5% gold coupon school bonds.
Denomination
annually at Martinez. Maturity $600
Interest
$600.
yearly for 10 years. Certified check for 5% of amount of
bid payable to the County Treasurer, required.
Description of Bonds.
El Dorado, Kan.
We stated in
last week's issue that bonds to purchase the local water plant
had been sold to John Nuveen & Co. of Chicago. We are
now advised that these bonds aggregated $27,500 and were
disposed of to the Chicago firm for a premium of $960.
Denomination $2,000 except one bond for $7,500. Date about
Nov. 1 1905. Interest 5%, payable semi-annually. Ma«
turity $7,500 in five years and $2,000 yearly thereafter.
—
Elmwood
—
—
—
Place, Ohio.
Bond Offering. Proposals will be
received until 12 m. Nov. 15 by H. G. Schaefer, Village
—
—
submitted to a vote of the people.
Hopewell, N. J. Bond Offering. Proposals will be
received until 8 p. m. Oct. 23 by H. E. Sutphen, Borough
DeClerk, for $15,000 4% water-improvement bonds.
nomination $500. Date Oct. 2 1905. Interest semiannually at the Hopewell National Bank of Hopewell.
Maturity $3,000 every five years. Certified check for 20%
of bid, payable to John B. Fisher, Collector, required.
Bonds to the amount of $9,000 will be delivered by Nov. 1
Purchaser to pay accrued
1905 and $6,000 by April 1 1906.
This Borough has no indebtedness at present.
interest.
Horicon (Wis.) School District. Bond Sale. This district, we are advised, has sold to the State an issue of $19,000
—
—
—
school bonds
—
—— —— — — —— ——
——
—
—— —
— —
—
THE CHRONICLE.
Oct. 14 1905.)
Kansas.— Bond Sale.— On
Oct. 5 $70,000 5','";
sower and street-paving bonds were
awarded to Spitzer & Co. of Toledo, for $70,625. DenomiDate not yet determined. Interest January
nation $500.
Iola,
1-10-year
(serial)
and July.
—
Jacksonville, Fla.
Bonds Voted. This city on Oct. 3 by
a vote of 40S to 272 authorized the issuance of the $90,000
water, the $210,000 sewer, the $55,000 street and the $45,000
Date of
sanitary 5% bonds described in V. 81, p. 1062.
sale not yet fixed.
Kalamazoo, Mich. Bond Offering. Proposals will be
received until 5 p. m. Oct. 16 by Harry W. Bush, City
Clerk, for $21,000 1% 1-7-year (serial) city-improvement
boads and $24,500 4% 1-7-year (serial) street-improvement
bands. Both issues are a direct obligation of the city.
Kennett School District, Shasta County, Cal. Bond
Flection.
It is stated that the school trustees have decided
to hold an election to vote on the question of issuing $7,000
6% building bonds of $500 each.
ProKeyser, Mineral County, W. Va. Bond Offering.
posals will be received until 7:30 p. m. Nov. 1 by G. L. Githeus, Town Recorder, for $20,000 5% coupon sewer and
paving bonds. Authority vote 235 to 145 at election held
Denominations $100 and $500. Date Nov. 1
Sept. 26.
1905.
Interest annually on Nov. 1 at the First National
Bank of Keyser. Maturity $1,000 yearly, beginning Nov. 1
1916.
Certified check for 5%, payable to the Town of KeyBonded debt, not including this issue, $36,000.
ser, required.
Sinking fund $3,000. Assessed valuation $1,604 ,860.
Kings Mountain, N. C. Bond Sale. On Oct. 5 the
$15,000 5% 30-year coupon electric-light bonds described
in V. 81, p. 1062, were awarded to F. L. Fuller & Co. of
Cleveland at par and blank bonds free of charge.
Lakeview School District, Pierce County, Wash. Bond
Sale.
On Sept. 1 $4,000
refunding school bonds were
Denomination
sold to the State of Washington at par.
$1,000.
Date Sept. 1 1905. Interest annual. Maturity
Sept. 1 1913, subject to call after Sept. 1 1906.
Laredo (Tex.) School District. Bond Election Proposed.
The question of holding an election to vote on the issuance
of $40,000 building bonds is being considered.
—
—
—
—
—
4^%
—
Lawrenceburg, Tenn.
Bond
—An
election will
be held Oct. 23 to vote on the question of issuing $25,000
Election.
water and light bonds.
O. Deadwood), S. Dak. Bond
be received until 4 p. m. Nov. 21
by William McLaughlin, County Auditor, for the $25,000 5%
court-house bonds mentioned in V. 81, p. 931.
Denomination $500.
Date Dec. 1 1905. Interest semi-annually at
New York City or at Deadwood, S. Dak. Maturity Dec. 1
1925, subject to call after Dec. 1 1915.
Certified check for
2% of amount of bid, payable to the Treasurer of Lawrence
County, required.
Lockland, Ohio. Bonds Voted. This village on Oct. 3
authorized the issuance of $80,000 sewer bonds by a vote
of 408 to 79.
Lockland (Ohio, School District. Bonds Voted. On
Oct. 3 by a vote of 409 to 79 this district authorized the issuance of $15,000 negro-school bonds.
Lodi (N. J.) School District. Bond Election. An election
will be held Oct. 18 to vote on the question of issuing $40,000
school bonds.
Lorain, Ohio. Bonds Authorized. The City Council on
Sept. 25 passed an ordinance providing for the issuance of
$13,000 4>2% coupon sewer bonds.
Denomination $500.
Date Sept. 15 1905. Interest semi-annually at the Chase
National Bank, New York City.
Maturity $1,500 each six
months from March 15 1907 to Sept. 15 1910 inclusive, and
$1,000 March 15 1911.
L03 Angeles, Cal. Bond Offering. Further detais are at
hand relative to the offering on Nov. 1 of the $1,500,000 4%
water-supply bonds.
Proposals for these bonds will be received until 11 a. m. on that day by H. J. Lelande, City
Clerk.
Denominations one thousand bonds of $1,000 each
and one thousand bonds of $500 each. Date Nov. 1 1905.
Interest semi-annuallv at the office of the City Treasurer.
Maturity $37,500 yearly on Nov. 1 from 1906 to 1945 inclusive.
These bonds will be certified to as to genuineness by
the United States Mortgage & Trust Co. of New York City
and the legality of the issue approved by Messrs. Dillon &
Hubbard of New York City. Certified check for 2% of
bond.s bid for in the case of bids for $500,000 or less and 1%
in the case of bids for more than $500,000, payable to H. J.
Lelande, City Clerk, required.
Lyons Falls, Lewis County, N. Y.—Bond Sale.—On
Oct. 10 the $25,000 v
5-29-year (serial) registered wa%e~
boruK described in V. 81 p. 1133, were awarded to the Jefferj
s in County Savings Bank at 102 and interest.
McKeesport, Pa..— Bond Election. At the general election Nov. 7 the question of issuing $200,000 4% water-improvement bonds will be submitted to a vote of
»ple.
Macon, Ga. Bonds Defeated. The proposition to issue
$75,000 i% street-improvement bonds failed to carry at
the election held Oct. 3.
While the vote was 107 for and
119 against the issue, the question failed to receive twothirds of the registered vote as required by law.
Lawrence County
Offering.
— Proposals
—
— —
—
(P.
will
—
—
—
—
—
;
,
—
—
1203
—
Mangum,
Okla. Bonds Voted.
By a vote of 123 to 24
town on Sept. 26 authorized the issuance of $10,000 6%
Date of sale not yet determined.
30-year water bonds.
Marlow, Ind. Ter.—Bond Sale.— The $20,000 5% 20-year
water-works bonds voted at the election held Sept. 12 have
been sold to R. J. Edwards of Oklahoma City at 102"75.
Denomination $500.
Massillon, Ohio.—Bond Sale.— On Sept. 26 $14,000 5%
street-improvement bonds were sold to the Sinking Fund
Denominations $200 and $700. Date
Trustees at par.
this
Maturity Sept. 1 1908.
Interest semi-annual.
1 1905.
Maysville, Ga. Bonds Voted..
This town on Oct. 4
authorized the issuance of $10,000 6% school bonds by a
vote of 90 to 0.
Securities mature $500 yearly on Jan. 1
from 1917 to 1936 inclusive. Bonds will be offered shortly.
Sept.
—
—
Mercer (Borough), Mercer County, Pa. Bond Offering.
M. Campbell, Borough Clerk, will sell at public auction
at 2 p. m. Oct. 25 $9,000 4% 10-20-year (optional) coupon
Faving bonds. Denomination $500. Date Nov. 1 1905.
Certified check for 5%
nterest semi-annually in Mercer.
of bid, payable to the Borough Treasurer, required.
Bonded
J.
debt.i ncluding
this issue, $28,000.
Assessed valuation
Bonds are tax exempt.
$732,000.
Mercerville Special School District, Gallia County, Ohio.
Bond Offering. Ross Halley, Clerk Board of Education, is
offering at private sale $400 5% school-house finishing bonds.
Monroe County, Fla. Bonds Tax Exempt. We are advised that the $60,000 5% school bonds, bids for which will
be received until 12 m. Nov. 1, are exempt from taxation;
also that they will be coupon in form.
See page 1063 of last
week's issue for details of offering.
Monticello, Ga.
Bond Offering. Proposals will be received until 12 m. Nov. 7 by W. J. Phillips, Town Treasurer, for $30,000 5% coupon water and light bonds.
Denomination $1,000. Date Dec. 31 1905. Interest annually
Maturity $500 yearly on Dec. 31
at any bank in Monticello.
from 1906 to 1935 inclusive. Certified check for $500 required.'
Bonds have been validated by the Superior Court
of Jasper County as required by law.
Bonded debt, this
issue.
Assessed valuation $500,000.
Monticello (Ind.) School District. Bonds Voted. This
district on Sept. 18 voted to issue $20,000 building bonds.
Morgan County (P. O. Madison), Ga. Bond Sale. On
Oct. 10 the $40,000 4J^% gold court-house bonds described
in V. 81, p. 932, were awarded to N. W. Harris & Co. of New
York City at 104.397 and interest, the New York firm to
allow the county to draw out money as needed and paying
interest on balance.
Following are the bids:
N. W.HarrU&Co.. N. Y
$41,723 001 John W. Dickoy. Augusta
$40,728 00
Seasongood & Mayer, Cincin-. 41,807 75] Spltzer * Co.. Toledo
40,648 00
Denison, Prior & Co. .Cleve.&B 41.788 00 Trowbridge & Nlver Co.. Chic. 40.627 00
"
F. L. Fuller & Co.. Cleveland. 41.605 00 John Nuveen & Co., Chicago.. 40.605 00
Robinson-Humphrey Co. ,Atl'n 41.361 00 C.H. Coffin. Chicago
40.40100
Farson, Leach & Co., NewYork 41,257 00 W. R. Todd & Co., Cincinnati. 40,4i.O 00
W.J. Hayes & Sons. Cleveland 41.139 00 Prov. Sav. Bk. & Tr.Co., Cin. 40.360 00
E. H. Rollins & Sons. Boston. 41.020 56 O'Connor 4 Kahler, N. Y
40.100 93
Weil, Roth & Co., Cincinnati. 40.960 00
Mount Kisco, N. Y. Bond Offering. Proposals will be
received until 7 p. m. Oct. 16 by T. J. Hartnett, Village
Clerk, for $15,000 registered water bonds at not exceeding
5% interest. Denomination $600. Date Dec. 1 1905.
Interest semi-annually at the Mount Kisco National Bank.
Maturity $600 yearly on Dec. 1 from 1910 to 1934 inclusive.
Certified check for $15,000 (on an incorporated State or
national bank of this State), payable to Wm. H. Moore,
Village Treasurer, required.
Bonded debt $38,350. Assessed valuation $1,433,000.
Nashville, Tenn.
Bond Sale. On Oct. 10 the $125,000
4^2% 30-year suburban street bonds dated July 1 1905
described in V. 81, p. 1134, were awarded to Seasongood &
Mayer of Cincinnati at 107.83 and interest. Following are
the bids:
—
—
—
—
—
—
—
4 Mayer. Cincin. $134, 787 75 Well. Roth * Co., Cincinnati.$133.505 00
.WW. Harria & Co., Chicago. 134.462 50 Mason, Lewis * Co., Chicago 133.487 50
W. Halsey & Co.. Chicago 134,387 00 W. J. Hayes 4 Sons. Cleve.. 132,067 00
Prov. Sav. Bk.4 Tr. Co. .Cin. 134.375 00 W. R. Todd 4 Co., Cincinnati 131,500 00
Un.Sav. Bk. 4 Tr. Co., Cin. 134.110 00 Browne-Elllnwood Co., Chic. 130.683 00
F. L. Fuller 4 Co.. Cleveland 134.025 00 Thos. Plater 4 Co. Nashville 130,312 50
Farson, Leach & Co.. Chicago 134.007 00 Albert Kleybolte 4 Co.. Cin. 129,237 50
F.. H. Rollins & Sons, Chicago 133,837 501 Rubolph Kleybolte A Co. .Cin 129.187 50
Newark, Ohio. Correction. We are advised that the
certified check which must accompany bids for the $35,000
hospital bonds which this city will offer for sale on Oct. 26
may be drawn on any solvent bank, the stipulation in the
advertisement that the bank must be located in Newark
being an error of the printers. See V. 81, p. 1134, for
Seasongood
N.
—
details of offering.
—
Bonds Proposed. The City Council, it is stated, is taking
steps looking to the issuance of $200,000 additional water
bonds.
Newton,
Sussex County,
Town Committee
N.
J.
Bond
Offering.
—The
Oct. 23,
at the Court House, $60,000
coupon sewer bonds. Scaled
bids for these bonds will be received until 1'2 m. on that
Denominations
day by Lewis J. Martin, Town Treasurer.
$500 and $1,000.
Date Oct. 2 1905. [ntereel Bemi-annually
Maturity Oct. 2
at the Busses National Hank of Newton.
L935.
Bonds are exempt from taxation. Certified check
for 20% of the amount bid, payable to the Town oi Newton,
required.
Northampton, Mass.— Bond Sale.— On Oct. 10 the $20,000
1)4% l-10-vear (serial) coupon sewer-scrip bonds descrfb
in v. 81, p. 1134, were awarded to the Northampton Instituwill sell at
public auction at 2 p.
4%
in.
I
THE CHRONICLE.
1204
tion for Savings at 100.005.
A bid of par
from Jose, Parker & Co. of Boston.
was
also received
—
North Hempstead, Nassau County, N. Y. Bond OfferThe $20,000 4% town meeting-house bonds men-
ing.
—
tioned in V. 81, p. 1003, will be sold at public auction oil
Oct. 23 at 10 a. m. in the directors' room of the Nassau
County Bank at Mineola. Denomination $2,000. Interest
Jan. 1 and July 1.
Maturity $2,000 yearly on July 1 from
1906 to 1915 inclusive.
Edwin C. Willets is Town Super-
and Monroe S. Wood Town Clerk.
North Platte, Neb. Bonds Not Sold.
visor
—
ceived on Oct. 3 for the $30,000
in V. 81, p. 932.
bonds described
— No
4%
—
(Borough), Pa. Bond Offering. Proposals
be received until 7 p. m. Oct. 16 by G. A. Schnabel,
Chairman Finance Committee, for the $45,000 4% coupon
street-improvement bonds authorized at the election held
Aug. 8 1905. Denomination $1,000. Date Oct. 1 1905.
will
Interest semi-annual.
Securities will mature at intervals
from 1910 to 1935 inclusive. Bonds are free from tax.
Certified check for $1,000 required.
Accrued interest to be
paid by purchaser. Bonded debt, including this issue,
$93,000. Assessed valuation 1905 $2,140,000.
Odell School District No. 162, Livingston County, 111.
Bond Offering. Proposals will be received until 7 p. m.
Oct 16 by George H. Frise, Secretary Board of Education,
for $11,200
coupon bonds. Denomination $500 except
one bond for $700. Date April 1 1905. Interest semiannual.
Maturity as follows: $700 April 1 1908; $500 Oct. 1
1908; $1,500 each April 1 and $500 each Oct. 1 from April 1
1909 to Oct. 1 1913 inclusive. Bonds were authorized at
election held July 22 1905.
—
—
5%
—
—
Osage City, Kan. Bonds Not to be Issued at Present. We
are advised that the $20,000 bonds voted at the election held
Sept. 5 in aid of the Kansas City Mexico & Orient RR. will
not be issued until the road complies with the terms of the
agreement.
—
Owatonna, Minn.—Bonds Voted. This city on Sept. 26
by a vote of 323 to 208 authorized the issuance of $15,000
city-hall and fire-department bonds.
Date of sale not yet
determined.
Pacific Grove, Cal.
Bonds Defeated. At the election
held Sept. 16 the proposition to issue $28,000 city-hall,
$12,000 street-improvement, $16,000 storm-water-drain and
$4,000 park bonds all failed to carry.
Parsons, Kan. Bonds Voted. This city recently by a
vote of 973 to 87 authorized the issuance of $80,000 5%
10-30-year (optional) railroad-aid bonds. These bonds,
we are informed, will not be issued until the road complies
with the terms of agreement.
—
—
—
—
Perham, Minn.—Bond Sale.— On Oct. 9 the $10,000 5%
15-year village-hall and jail bonds and the $5,000 5% 15year water bonds were awarded to F. E. Magraw of St.
Paul at 102.50 and interest. This was the successful bidder
at the original sale on Aug. 29, but as stated in V. 81, p.
1063, an error was made in the earlier advertisement which
necessitated a new offering.
Philadelphia, Pa. Bond Election. The proposition to
issue the $4,000,000 grade-crossing loan, mentioned in last
week's issue, will be submitted to a vote at the coming
general election on Nov. 7.
—
—
—
—
Pleasant Grove, Utah. Bond Offering. Proposals will
be received until Dec. 1 by C. F. Westphal, Chairman, for
$9,900 6% gold coupon water-works bonds. Denomination
$1,000 excepting one bond for $900.
Date Dec. 1 1905.
Interest semi-annual.
Certified check for 10%, payable to
C. F. Westphal, required.
Bonded debt including this
Assessed valuation, $250,000. Samuel S.
Smith is City Recorder.
Portland, Conn. Bond Offering.
Proposals will be received by the Committee on Bond Sale (P. O. Box 484. Portland) until 8 p. m. Oct. 24 for not exceeding $82,000 4%
refunding bonds. Denomination $1,000. Date Nov. 1
1905.
Interest semi-annually at Town Treasurer's office.
Maturity Nov. 1 1925. It is stated in the official advertisement that this city has never defaulted nor is there any litigation pending or threatened affecting any of its bonds.
Bonds are tax exempt.
Provo, Utah. Legality of Bonds to be Tested. Local
papers state that a friendly suit will be brought to test the
legality of the $56,000 electric-light-plant and the $35,000
water-works bonds awarded recently to N. W. Harris & Co.
This was done at the instance of the purchasers,
of Chicago.
they expressing a doubt as to the validity of the issues in
that they were submitted to the voters as one proposition.
See V. 81, p. 863.
Punxsutawney (Pa.) School District. Bond Offering.
Proposals will be received until 6 p. m. to-day (Oct. 14)
by George C. Brown, Secretary, for $65,000 4% coupon
school-house bonds. Denomination $100. Date Jan. 1 1906.
Interest annually at Punxsutawney National Bank.
Maturity Jan. 1 1936, but subject to call before maturity.
Rathdrum, Kootenai County, Idaho. Bonds Defeated.
On Sept. 12 this place voted against the proposition to issue
$12,000 water- works bonds.
Reading, Ohio. Bond Election Proposed. Steps are being
taken looking to the submission to a vote of the people at the
issue $14,400.
—
—
.
—
—
—
—
—
—
—
coming general election
of the question of issuing
bonds
for a
storm-water sewer.
Redding, Cal. Bond Election. An election has been
called for Oct. 23 to vote on the question of issuing $145,000
5% 40-ye:tr sewer, street and city-hall bonds.
Rensselaer, N. Y.—Bond Sale.— On Oct. 10 the $6,351 75
4% registered paving bonds and $3,210 4% registered sewer
bonds described in V. 81, p. 1064, were awarded to the Hudson City Savings Jn-iitution of Hudson.
Revere, Mass. Bonds Voted. This town on Sept. 18
voted to issue 810,000 3J^% 1-10-year (serial) water-mainextension bonds dated Sept. 1 1905. These bonds, we are
advised, will be sold at private sale.
Richlandtown (Borough), Pa. Bond Sale. On Sept. 30
the $4,000 4% 1-20-year (serial) fire-department bonds
described in V. 81. p. 1003, were awarded to local investors
at an agggreate price of $4,034 41.
Richville (Minn.) School District.
Bonds to Be Sold to
State.
This district, we are advised, will sell to the State
an issue of $1,000 4% school-supply bonds.
Roseburg, Ore. Municipal Ownership of Light and Water
Favored.
The election Oct. 2 resulted in favor of the proposition to issue $200,000 bonds for municipal ownership of
the water and light systems.
These bonds cannot be issued
until the Legislature amends the City Charter.
Ross, Roseau County, Minn. Bond Sale. On Sept 30
the $8,000 6% 10-year coupon road-building bonds described
in V. 81, p. 933, were awarded to the Farmers' & Merchants'
—
—
—
bids were re-
coupon main-sewer
—
Oakmont
[Vol. lxxxi.
—
—
—
—
—
—
—
—
Bank
—
Roseau at par.
Ruthton, Minn. Bond Offering. Proposals will be received until 8 p. m. Oct. 14 by H. E. Martinson, Village
Recorder, for $1,500 5% coupon funding bonds and $2,500
5% coupon drainage and water extension bonds Denomination $500. Date Sept. 5 1905. Interest semiState
of
—
—
annually
Maturity Sept.
at Village Treasurer's office.
Certified check for $200, payable to the Treasurer
5 1920.
of the .village, required.
Total debt, including this issue,
Assessed valuation, $94,042.
$4,500.
St. Paul,
for
—
—
Bond Offering. Proposals will be rem. Oct. 24 by Louis Betz, City Comptroller,
Minn.
ceived until 12
following bonds:
4% coupon park and parkway
Sept. 30 1935.
4% coupon Minnehaha Street
the
$75,000
10.000
bonds dated Oct.
1
1905 and maturing
macadamizing bonds dated Nov.
1
1905
and maturing Oct. 31 1935.
Denomination $500 or $1,000, as desired by purchaser.
Date July 1 1905. Interest semi-annually at the Financial
Agency of St. Paul in New York City. Certified check for
2% of the par value of the bonds bid for required. Separate
bids to be made for each issue.
bond offering will be found among
in this Department.
San Augustine (Tex.) Independent School District.
Bonds Registered. An issue of $12,000 5% 15-40-year
(optional) school-house bonds dated Aug. 15 1905 was registered by the State Comptroller on Oct. 5.
Sandstone, Minn. Bonds Not Sold Loan Requested of
State.
No Sale was made on Oct. 3 of the $6,000 bridge
bonds described in V. 81, p. 1064 and 864. The town, we
are advised, will now apply to the State for a loan of $6,000
The
official notice of this
the advertisements elsewhere
—
—
—
—
at
4%
interest.
—
—
Cal.
Bond Election Proposed. The Chamber
Commerec has adopted a resolution favoring the imme-
San Jose,
of
—
diate calling of an election to vote on the issuance of $100,000
park bonds; also a later election to vote on the issuance of
sewer bonds.
San Luis Obispo County, Cal. Bond Election. An election will be held Oct. 14 to vote on the question of issuing the
following bonds:
$40,000 5% Avila wharf bonds, maturing $2,000 yearly on July 1 from 191x to 1930
inclusive, subject to call after July 1 1916.
25,000 5% Cambria wharf bonds, maturing $1,000 yearly on July 1 from 1911 to
1935 inclusive, subject to call after July 1 1916.
25,000 5% Cayucos wharf bonds, maturing same as Cambria bonds above.
Securities to be in denomination of $1,000, dated July 1
Interest annually at office of County Treaturer.
1906.
San Pedro High School District, Los Angeles County,
Cal.—Bond Sale.—On Oct. 3 $15,000 5% 1-15-year (serial)
school bonds were awarded to the Oakland Bank of Savings
Following are the bids:
of Oakland at 105.74.
—
Oakland Bk. of Sav., Oakland$15,861
N. W. Halsey & Co., San Fran 15.828
Ma?on, Lewis * Co., Chicago. 15,778
E. H. Rollins & Sons, San Fr.. 15,763
Denomination
annual.
$1,000.
—
00 Wm. R. Stoats Co., Pasadena.S15.736
00 Adams-Phillips Co.. Chicago.. 15,687
00 N. W. Harris * Co., Chicago.. 15,6.87
75 Los Angeles Tr. Co., Los Ang's 15.585
Date
Oct.
—
3
1905.
00
00
00
00
Interest
—
Ana, Cal. Bond Election Proposed. The City
Council has been petitioned to call an election to vote on
the question of issuing $50,000 gas and $60,000 electricSanta
light bonds.
—
Santa Susana School District, Ventura County, Cal.
On Oct. 5 the $750 7% 1-5-year (serial) gold
Sale.
bonds described in V. 81, p. 1064, were awarded to the Bank
Bond
of
—
Hueneme
of
Hueneme
at 104.32.
Cal. — Bids. — Following
are the bids received
Sebastopol,
municipal bonds awarded, as
Sept. 30 for the $60,000 \ X
stated last week, to E. H. Rollins & Sons of Chicago:
A%
— ——
—
—
—
— —
—
CHRONICLE
TIIK
Oct. 14 1P05.J
E. H. Rollins a Sons, Chloseo. . .$60,200 J. P. Overton (Savinga Bank of
Santa Rosa)
$60,005
E. F. Woodward (Hank of Goy60,151
servllle)
— W.
A. M'Mullen, Mayor,
bonds.
Denomination $500. Date Nov
Maturity Nov. 1 1925.
R.
L.
DAY
& CO.,
|
—
—
<fc
Atlas Nat.
Bank
Cincinnati..
Pealed proposals will berecelvet.it the office of
the Citv Comptroller by the stnkiDg Nia committee urn il 12 o clock noon on OC I'OBER 24, 1906, and
opened at that time 'or the purchase of ten
thousand ($10,000) dollars of bonds of the City of
-t. Paul, Minnesota, the proceeds of which are to
be used for tbe purpose of aiding iu the macidam-
Minnehaha Street. These bonds are issued
pursuant to Crdlnnnce No. 3534, pa»seri by the city
council und approved October 6, 1905 authorized by
Cnapter 5S Gene r al Laws ol Mmcesota for the year
le05, ap. rove
M .rch 23. 19C5, Bonds In denomination o' five hundr-d or one thousand dollars each,
as the purchaser may desire, with coupons at ached,
and da'ed November 1. 1905, aid mature ctober 31,
lt-35. They bear interest at the rate of four (t) per
cent per annum, payable semi-annually, Interest
and principal payable at the Financial Agency of
St Paul in New York City Delivery of bonds to be
made at the Compir ller's office, where payment
must be made by the snecessful Didder. A certified
cbecj. pa) able to the City Trf a»urer of the City of
8t. Paul, for two (2) per cent of the par value of the
bonds bil for most accompany each bid ttiar will be
considered. Bids wl,l be received fora 1 or any part
of the lot. The committee re>ervss the right to
reject any at d all bide
Proposals to be marked "Bids for Macadam'Road
Bonds' and addressed to
OU18 BETZ City Comptroller.
Notice Is herebv given by the above-named Board
of its lnenfou to redeem ail of its outstand ngt)%
Bonds, Seres B. maturing on the first day of
November, lwo5. Payment will be made at the State
National Bank. New Orleans, t, net- er with all
iccrued interest Holders of said bonds are notified
to present tbem f< r payment at said hank on the
firs' dny of November. JVKiS, on which oay all interest
on
s .id
P.
M.
bonds
will cease.
HUNTER
LAMBREM r'NT.
LKAKE,
C.
President.
Secretary.
MUNICIPAL
AND
'
Public
Service
Corporation
BONDS.
E. H.
ROLLINS & SONS,
BOSTON.
San Francisco.
Chicago.
Denver.
i
W.
H.
NOBLE & COMPANY,
Penobscot Bldq.,
Philadelphia.
Blodget, Merritt
MUNICIPAL
BONDS.
Trowbridge* Niver Co.
MUNICIPAL AND PUBLIC 8ERVICE
NASSAU STREET, NEW YORK.
STATE, CITf & RAILROAD BONDS.
MacDonald, McCoy
INVESTMENT BONDS.
60 State Street
hautollahed l«h3.
&
First
Nat Bank
Sons Co.
Go,,
CORPORATION
171
La
Salle Street, Chicago.
Specialists
in
New
Jersey Securities.
EISELE & KING,
BANKERS,
Hnlldlng, Chicago.
COUNTY
AND TOWNSHIP
CITY
&
BONDS.
BOSTON,
H. C. Speer
AND
MUNICIPAL
BONDS.
CHICAGO,
Nat. Bank Bldg.
BONDS.
,
Congress Street, Boston.
16
36
AND
& Co
BANKERS,
Land-Title Bldq.
Detroit.
lit
BOSTON.
New Orleans. Sept. 30, 1905.
On tNtu ndlng H% Ootids,
.•eric* K. ot the Boanl ol Commissioners
for the I'ihii naniii'ii levee »iatrlot.
of the
l
STATE, MUNICIPAL AND HUiU GRADE
RAILROAD SECURITIES.
CLEVELAND.
LOANS.
iz'ng of
NEW YORK
DENISON, PRIOR&CO.
NEW
To the holders
PUBLIC SERVICE CORPORATION
LIST.
13,b51 25
LOANS.
City Comptroller's Office,
ft Paul, Minn., Oct.. 7, 1905.
STOCK EXCHANGES.
SEND FOR
—
Troy, N. Y. Bonds Refused.
We are'informed that R. L.
Co. of New York, who were awarded on Sept. 1 the
$181,500 4% water bonds have refused the issue because
of a technical defect.
Troy, 'Ohio. Bond Bids.
Following are the bids received
on Oct. 3 for the $13,500 4% refunding bonds awarded, as
stated last week, to Ruolph Kleybolte & Co. of Cincinnati:
R. Kleybolte & Co., Ctncln... $13,777 50| Laraprecht Bros. A Co., Cleve. $13,647 50
Seasongood & Mayer. Cincin.. 13,756 50 Union Sav. Bk. & Tr. Co
13,600 00
Co.. Cincinnati. 13,741 00 W. R.Todd & Co., Cincin
Well, Roth
13,500 00
4% 30-Year Macadam Road Bonds.
8 Nassau Street,
MEMBERS
NEW YORK AND BOSTON
—
00 C. C. Gowean Co.. Gr. Forks.. 25.745 00
95 W. m. Stoddard *Co., Minn.. 25.700 00
00 Wells & Dickey Co., Minneapo00
lis (for4Hs)
25,262 50
Day &
Sio,ooo
BANKERS,
86 Congress Street,
BOSTON.
Interest semi-
1905.
1
Trenton, N. J. No Bond Sale.
We are informed by
R. M. Grant & Co. that the report in some of the papers
that they had been awarded $40,000 school, $13,500 paving
and $12, 000 "-municipal bonds of Trenton is not correct.
CITY OF ST. PAUL CITY OF ST. PAUL
I
oo
5%
River Falls
$26,700
Minnesota Loan&Tr.Co.,/ 5s 26,639
Minnesota
\4Hs 25,250
Trowbridge & Niver Co., Chic. 25,950
—
.
00
Thief River Falls, Red LakeCounty, Minn. Bond Sale.
Oct. 3 the $25,000
coupon water- works bonds
described in V. 81, p. 934, were awarded to Richard Stone &
Co. of Thief River Falls at 106.80 and interest.
Following
are some of the bids:
Richard Stone & Co.. Thief
Co.,
F. E. Magraw, St. Paul
$25,750 00
On
—
1
00
00
00
annual.
—
Citv CcmDtrolltr's Office,
St. Pau Minn., Oc. 4. 1P05.
Sealed proposals wih be rece ved at the office of
the Civ i onjptmlier by the Sinking und Committee until 12 c.'c ock noon on 0< TomF,R 34, IX 5, and
opened at tb»' time for the purchase ol seventy five
thousand (*75.0 mi) d' liars of bonds of ibe City of
St. Paul. M Innesota, th» pmceecs of which are to be
used for tie purpose of adding to it a funds available for the acquisition of land for park and pnrSwHy
purposes by ru'Chase or otherwise. These bonds
are Issued pursuant to ordinance No. sb'M passed
by the City com cil Hnd aooroved September 25,
19 5. aut h onzed by Chatter 235 of the Laws of the
8tate of Minn-.-ot» for the yea' 19-8 approved April
17, li-08 as ame ded by Chapter 91 of tu« Laws of
Minnesota for the year 1905, approved March 31,
1905 Binds in oer.on.inat ion o' five bunared or
one thousand dollars e-ich. a? the purchaser may
desire, w.th coupoas attach»d, ana dated October 1,
1905, and mature September 30. 1935
They bear
Interest at the rate of four (4) per cent per «nnum,
payable semi annually, interest and principal pay
able at th>» Fn a' cial Agency of »t. Paul in New
Tork City, del very of bonds to be maae at toe
Comptroller'!) iffice. where payment must be maae
by the t-uccessful bidder. A cert. tied check, payab e
to the City
reasurer of the City O' St. P*ul, for two
(2) per cent of the par value of the bonds bid f' r
must accompany each b * tbat will be considered.
Bids will be received for all or any part of the lot.
The committee reserves the right to reject any aud
all bids
Proposals to be marked "Bids for Park Bonds''
and addressed to
LOCI3 EETZ. City Comptroller.
17,783
17.765
17.762
17.688
17,526
'
,
4%
20-year
5%
l
—
lark Bonds.
5%
'. k.
Fulton & Co., Chicago.. i*. 330 00 Brown-Elllnwood Co., Chicago
John Nuveen A Co., Chicago.. 18,327 50 H.C. Bpeer a Co., Chicago...
Mason. Lewis A Co., ChloagO. IS. 3 13 00 Trust Co. of Dallas, Dallas
Denison, Prior ACo..Cleve... is, 311 00 W.J. Hayes a son.. Cleveland
F, i.. Fuller & Co., Cleveland. 18,243 75 First Nat. Hk. or Talequa, i .T.
Sec. Sav. nk.A Tr.Co Toledo 17.900 00
,
30-Ytar
offering for sale $5,000
—
—
NEW
is
Talequa, Ind. Ter.—Bond Sale.
On Oct. 2 $17,500
school-building bonds were awarded to Trowbridge & Niver
The following bids were reCo. of Chicago at 104. 74S.
ceived:
Trowbridge .t NrverCo., Chic. $18,331 00 Somax M. Smith, Jasper, Ala. .$17,825 00
—
LOANS.
g7o,0()0
205
Bonded debt $59,700. Assessed valuation $7,401,465.
Sumner, Tallahatchie County, Miss.- Bond Offering.
•
NEW
I
from 1907 to 1915 inclusive. Certified check for 5% of
amount of bid. payable to J. B. Lewis, Mayor, required.
—
Seward County (P. O. Seward^, Neb. Bond Offering.
Proposals will be received until 12 m. to-day (Oct. 14) by
L. F. Schultz, County Treasurer, for $100,000 i\ coupon
Denomination SI, 000.
Date
COUrt-boUSe and jail bonds.
Interest semi-annually at State Treasurer's
Jan. l 1905.
Certified check for 2%, payable to the
offioe at Lincoln.
County Treasurer, required.
Temporary Loan Offering.
ProSchenectady, N. Y.
posals will be received until 12 in Oct. 18 by Olin S Luff
man, City Comptroller, for $100,000 temporary-loan certifiLoan
cates issued in anticipation of the collection of taxes.
matures Feb. 10 190(3 and will be payable at the Importers'
A Traders' National Bank, New York City. Proposals to
state lowest rate of interest.
Bond Sale. On Oct. 3
Scott County (P. O. Forest), Miss.
the $4,500 5% court-house repair bonds described in V. SI
p. 1004, were awarded to John Nuveen & Co. of Chicago for
$4,615.
Proposals will be received
Soperton, Ga. Bond Offering.
until 12 m. Oct. 20 by J. J. Moring, City Attorney, for
coupon school-building bonds. Denomination
$5,000 6*
Date Jan. 1 1906. Interest annually at Bank of
$1,000.
Soperton.
Maturity Jan. 1 1936. Bonded debt this issue.
Assessed valuation $100,000.
South Omaha, Neb. Bond Election. The City Council
has passed the ordinance providing for the submission to a
vote of the people at the coming election of a proposition
to issue $250,000 sewer bonds.
Spartanburg, S.'C. Bond Sale. On Oct. 11 the $100,000
30-year coupon street-improvement bonds described
in V. 81, p. 1004, were awarded to Seasongood & Mayer
of Cincinnati and Denison, Prior & Co. of Cleveland and
Boston at 105.16.
Bond Offering. Proposals will be received
Sterling, 111.
until 7p.m. Oct. 16 by W. C. Ward, Chairman Finance ComDenommittee, for $10,500 4^6% coupon street bonds.
Date Nov. 1 1905. Interest annual. Maination $500.
turity $1,500 on Nov. 1 1906 and SI, 000 vearly on -Nov. 1
4^%
—
1
Members
of Now Fork and Philadelphia
Stock Bxohan
Private Wires to
N. Y. & Philadelphia.
7S7-YSR
N
lirntid Si.,
KWA KK.
THE CHRONICLE.
1206
Wahpeton, N. B.—Bond Sale.— On Oct. 9 the $15,000
sewer-district bonds described in V. 81 p. 1065, were awarded
Folto S. A. Kean of Chicago, at 100.10 for six per cents.
lowing are the bids:
$14,500
$15,015 Kane & Co. (for 6b)
J. A. Kean (for 6s)
S.M.Holmes (for 7s)
15.0001
,
I
Warren Township, Belmont County, Ohio.
Bond
Sale.
—
A%
On
3-12-year (serial) coupon roadOct. 10 the $5,000 \ X
improvement bonds, described in V. 81, p. 1006, were
awarded to P. S. Briggs & Co. of Cincinnati, at 105.03 and
interest.
—
Wasco, Ore. Bond Sale. This place some weeks ago
10-20-year (optional)
sold at par an issue of $5,000
water bonds dated Sept. 1 1905. Denomination $500. Interest quarterly.
6%
Bond Election.
vote on the question
Waxahachie, Tex.
held Oct. 14 to
water- works bonds.
— An
election will
of issuing $6,000
be
4%
—
Proposals will be reWellston, Ohio. Bond Offering.
ceived until 12 m. Oct. 23 by J. H. Brown, City Auditor,
for the following bonds:
5% 1-10-year (serial) alley-assessment bonds of $100 each.
5% 1-10-year (serial) alley-assessment bonds of S100 each.
5% 1-10-year (serial) allev-assessment bonds of $100 each.
5% 1-10-year (serial) alley-assessment bonds of $120 each.
5% 1-10-year (serial) alley-assessment bonds of $140 each.
Interest semi-annually
All bonds are dated Nov. 1 1905.
Accrued interest to
at the First National Bank of Wellston.
be paid by purchaser. Certified check for $200, payable
$1,000
1.000
1,000
1,200
1,400
to the City Treasurer, required.
Whatcom County (Wash.) School
On Sept. 9 $1,500 4J^%
Sale..
District No. 40.
school bonds were
awarded to the State of Washington at par. DenominaDate Sept. 9 1905. Interest annual. Maturity
tion $500.
Sept. 9 1908, subject to call after Sept. 7 1906.
—
Bond
—
Whatcom County (Wash.) School District No. 76.
On Sept. 1 $1,000 4% refunding school bonds
Sale.
—
Willamsport, Pa. Bond Offering. Proposals will be received until 2 p. m. Oct. 23 by Edward L. Taylor, City
Treasurer, for $30,000 3>6% coupon city improvement bonds.
Denominations $100 and $500. Date Nov. 1 1905. Interest semi-annual.
Maturity Nov. 1 1935, subject to call after
Nov. 1 1915. Bonds are part of an authorized issue of
$60,000.
Wood County (P. O. Bowling Green), Ohio. Bond Sale. —
We give below the bids received on Oct. 9 for the $100,000 5%
2%-year (average) highway-improvement bonds described in
V. 81, p. 1066, and the $20,000 5% 11%-year (average)
culvert and bridge-rebuilding bonds described in V. 81,
were awarded to the State of Washington at par. Denomination $250. Date Sept. 1 1905. Interest annual.
Maturity Sept. 1 1910, subject to call after Sept. 1 1906.
INVESTMENTS.
V^AA^V^V^^VVV^A^^^^VV^lVV^^VV^%V»^*^^^^*^'^A^^^^^^AA^^^^^^^V^^^^A^VNl^'VVV**^V*f
Perry, Coffin
&
Burr,
1006:
$io*,eoo
o$103.027 75
101.863 00
102,309 0«
102,220 00
102 13100
1*2.025 0*
Well, Roth & Co., Cincinnati
102,010 Ot
W. J. Hayes & Sons, Cleveland
101,t76 00
Security Savings Bank & Trust Co
101,875 00
Hayden. Miller & Co.. Cleveland
KU.864 00
Hoehler & Cummings, Toledo
1*1.820 50
R. Kleybolte & Co., Cincinnati
101.820 00
N. W. Halsey & Co., Chicago
1*1.778 00
Provident 8avings Bank & Trust Co.. Cincinnati 1**,850 00
F. I.. Fuller & Co.. Cleveland
P. S. Briggs 4 Co., Cincinnati
Third National Bank. Cincinnati
W. R. Todd &
Co., Cincinnati
LIST
<fe
Mayer.
—
Wynne wood,
Ind. Ter. Bond Election. An election, it
stated, will be held in this place to vote on the question of
issuing $40,000 water and light bonds.
Zephyr (Tex.) Independent School
tered.
IN
Certified
PHILADELPHIA.
Wall Street Exchange Building,
NEW VOKK.
YORK.
Interest Paid
T
WM. FRANKLIN HALL,
on Dailvartd Time Deposits
POTTER,
Accountant,
B.
DOKinQ
BUNI;3
Exchange Buildinf,
53 State Street.
'
NO STOCKS
-
ILLS.
•
Bought and Sold.
W.
J.
HAYES & SONS,
OHIO.
Whiting Papers
CERTIFICATES
n steel or lithographed, or
printed and partly lirh< graphed.
for
Banks. Bankers, and others. Automatic
presses used. Estimates lurntshed.
CERTIFIED POBLIC ACCOUNTANTS
128 Broadway, New York.
LOOMIS, CONANT & 00.
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street, New Vork.
For Fine Correspondence
and for General Business Uses are
standard, made in Ledger, Bond,
Linen and Fine Writng in variety.
.
CO.,
W.F.WEISS,
Tel. 4n58 Broad.
partly
KING &
CHICAGO
PA.
Lithographing and Printing
B.
YORK.
TELEPHONK-W58-8769 CORTLANDT.
Paid up Capital $200,000.00
ALBERT
NEW
Williams & Co.,
CERTIFIED PUBLIC ACCOUNTANTS,
3v! Broadway, New York.
Firm Of
u
Engraved
KERR,
J. C.
CERTIFIED PUBLIC ACCOUNTANT
BOSTON. MASS. PHILADELPHIA.
Municipal &
Qecurities
Corporation
Company
(rfgg*
Books audited Examinations and Investigations conducted with the utmost
care and efficiency.
WASHINGTON LIFE BUILDING,
141 BROADWAY,
CORRESPONDENCE SOLICITED
BONDS
liuiiTftv wicq
BOSTON, MASS.
TELEPHONE 6942 COKTLANDT.
MUNICIPAL AND
PURLIC FRANCHISE CORPORATION
Wilkinson, Reckitt,
RONDS
'1L.KTBL.AND.
HIGH GRADE
INVESTMENT BONDS
•
LIST ON APPLICATION.
FULTON & CO.,
OF PITTSBURGH,
Public Accountants.
172 Washington Street,
CHICAGO.
1
(Pennsylvania)
Stephen GSIrard Building.
STREET RAILWAY
CHICAGO,
LA SALLE STREET,
171
Bonds Regis-
MONTGOMERY
D1ALKB8
ON APPLICATION.
Municipal Bonds,
District.
— On Oct. 6 the State Comptroller registered $3,000 5%
2-30-year (optional) bonds of this district bearing date Aug.
1905.
MUNICIPAL and
SEASONGOOD & MATEK, CORPORATION
mercantile Library Building,
F. R.
50
75
00
00
is
BONDS.
27-29 PINE STREET, NEW
CINCINNATI.
00
00
00
00
50
0*
4*
00
ACCOUNTANTS.
Rudolph Kleybolte&Go. LYBRAND,
ROSS BROS &
BANKERS,
Street,
MUNICIPAL AND RAILROAD
B09VDS.
00
00
00
00
00
a Bonds were awarded $100,000 to the A. L. Rick Ca. and $20,000 to Seasongood
MUNICIPAL, RAILROAD and
BOSTON.
a$22,069
21,834
21.965
21,507
21,730
21,900
22,046
21.900
21,851
21.828
22,050
21.863
21,600
21,827
21.805
21,725
21.650
INVESTMENTS.
INVESTMENT BONDS.
60 State
$20,000
Bridge Bondi.
Rtmd Bonds.
A. L. Rich Co., Cincinnati
Seasongood & Mayer, Cincinnati
AlbertKleybolte & Co.. Cincinnati
Denlson, Prior & Co.. Cleveland and Boston
Lamprecht Bros. <t Co., Cleveland
New First National Bank. Columbus
—
Bond
—
Wichita, Kan. Bond Sale. This city has sold at par
Kansas National Bank of Wichita $18,383 23 5%
1-10-year (serial) paving bonds and $6,178 17 5% 1-10-year
(serial) paving bonds.
Securities are dated Sept. 1 1905.
interest semi-annual.
to the
p.
s
[Vol. lxxxi.
206 Broadway, N.Y
WHITING PAPER
New
York.
Philadelphia.
CO.,
Chicago.
mills: tlolyoke. Muss.
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
56 Pine St.. New York.
Also at Calvert Building, Baltimore.
JAMES PARK &
00.,
5ERTIFIED PUBLIC ACCOUNTANT8.
52 Broadway, New York.
234 LaSalle Street, ( 'blear*.
@FedFRASER