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1
1¥
rantcle
INCLUDING
Bank and Quotation Section
and City Section (semi-Ammaii> ;
Street Railway Section (^JS™")
State
(Monthly)
Railway and Industrial Section (Quarterly)
K mo red aooordlng to Act of Congress. In the year 1905, by William
B.
ivvsi Compant. In the offloo of Librarian of Congress. Washington, D.
OCTOBER
SATURDAY.
81.
NO.
1905
21
II
3£he
©hromcle*
Boston
Annual Subscription In London (including postage)
Six Months Subscription In London (including postage)
£2
£1
|
Inch Space
Twelve Months
times)
times)
times)
times)
(8
(13
(26
(52
Pout
Pine Street, Corner
Box »3N.
Office
ot
24,215.900
10.093,707
12,780,203
9,494.073
7.387,673
4.950,800
4,639,004
3.602.047
2,276,217
1,760,492
1,726,410
554,100
619,098
018,976
835.726
721.079
427,346
546.576
474,329
402,404
310.971
349,057
387,081
287,718
180.000
130,000
753.299
447,656
28.423.850
13.238.412
11.024,054
8.600,951
6,701,012
4.759.800
3,806,494
3,130,883
2,029,575
38,990,874
10,802,889
8.454.595
4.755.390
5,663,800
4.320,873
3,724,299
1,238,773
834.036
517.712
35,001,536
6.362,247
5.159,557
8,156,960
5.700.000
3.084,977
2,998,206
659.712
718,100
394,934
78,803,241
03.286.289
27,202,113
26.678,471
9,044,700
8.789,402
4,896,035
6,542,770
2,654,730
1,779,208
742,200
916.064
1,167,772
600,000
609,422
334,242
552.545
28.768,560
28,285,500
8,640,859
6.669,357
4.652,547
5.080,211
2.349,641
1,444.862
971.861
987,931
1,029,095
438,879
413,662
219,370
Milwaukee
Indianapolis.
Peoria
Orand Rapids
Dayton
Evansville
Akron.
Springfield.
Ill
Youngstown
Kalamazoo
NEW YORK.
Lexington
Canton
Rockford
Springfield.
CLEARING ROUSE RETURNS.
Bloomington
Ouincy
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, October 21, have
been $2,808, 913,867, against $2,802,794,447 last week and
$2,839,384,747 the corresponding week last year.
Decatur.
Mansfield
Jacksonville
Jackson.
Clearings— Hetuntf u<j 'leiegrapk.
Week Endino October 21.
New Vort
Boston
Philadelphia.
Seven
Total
•
days
days
all cities.
All cities,
1 1,443,799.789
U,594.270,77S
13S.013.08S
11S.253.146
122.358.2ai:
5 days.
lday
Total all cities for week..
Partly estimated.
Ann Arbor
Fort Wayne
South Bend
Total Mid. Western
San Francisco
Los Angeles.
Seattle
Salt Lake City
Portland.
P. Cent.
115.174.445
21.2H3.273
186.8i8.309
50.971.879
16.246.792
174,952.153
»54,000.000
11.070.016
cities, 5
cities. 5
1901.
24.OW.OO0
Baltimore
Chicago
St. Louis
New Orleans
Other
1905.
—95
+ 103 Spokane
Tacoma
+27 Helena
+13-3
-6-4
+5-9
—13-4
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
61.904.172,799
301.099,961
{2.107.1 12.980
321,461,905
+9-2
{2.315,271 759
403,612.108
S2.428.67i.685
410.S10.002
—4-7
+20-2
IS 808.913.867
•2.K39.384.747
Omaha
St.
St.
is
Paul
Joseph
Denver
Des Moines
Sioux City
...
Topeka
Davenport
Wichita.
The full details for the week covered by the above will be
given next Saturday. We cannot furnisli them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, October 14, and the results for the corresponding
week in 1904. 1903 and 1902 are also given. Contrasted with
the week of 1904 the total for the whole country shows a gain
of 14-3 per cent.
Outside of New York the increase over 1904
Colorado Springs
Cedar Rapids
Fremont
Pueblo
Louisville.
Houston
10998.272
Galveston
7,500,000
5,258,101
0,207.215
RichmondSavannah
Memphis
6.688492
4,536,418
3.505.208
2,380,405
3.031,024
1,883.509
1,233,992
2.853,568
1.261,402
1.681.156
731.618
1,400,000
1.271,042
415,627
Atlanta
Nashville
Norfolk
Fort Worth.
Birmingham
Knoxvllle
Augusta
Little
Week ending October 14
—
Clearings at
h
1905
New York
Philadelphia
Pittsburgh.
Baltimore
Buffalo
Washington.
Albany
Kochester
Scranton
Syracuse
Wilmington
Heading
Wilkes Barre
W'hee.inK
747,652,991 1,515.867,630
135.9.
119,002,40"
50.413.331
48.088.107
27.421,107
28.407,470
7.495,458
6310.1 17
5.728.407
4.202308
5,017,630
4.225,984
3.444,21b
8.243,054
2,009,138
1.000,000
1.607.83*;
l,842.:i"7
1.203.873
1,302,112
1,022.537
1.188.538
l.Oie.305
774,415
423,400
397.698
472,752
l,003,O.Hi
Blngharaton
Qreensbur*
Chester
977,824
490,21*
868,817
428.175
Brie
am
Franklin Pa
Total Middle...
r
Yi.:'
Dec
mi
295A'i')
580.929
256.459
1.993.251,66;:
1.782.724,646
Macon
1903
+
-3"
+150
4-88-9
4-18-7
J-
62
+25-6
+123
+ 177
Chattanooga
1902
Jacksonville
+15-3 1,125.459 183
4-14-2
19-8
,721.101, 799
108,799 911
44.507 H27
26,202, 840
185,068 940
0,427, ten
0.457, 164
4.329 551
3.h<>2.
3.769, 848
:i.02;i,
2,651 371
1.691, 327
1,299 686
2.658, 878
1.259,
BBS
+40
+
17-2
-9
9
—94
+37
775, 50
428.000
308,29.'
492.530
474,091
183.6O0
,
I
Columbus, Qa
Mobile
Total Southern
40.880, 858
Total
23,581 307
1.201 241
1,356 "57
1,311
912
735.642
820.157
382,600
401 886
848,706
-1.V2
151 LS80, 103,558 1.938,180.068
New
-|-0'2
--40 6
-0 6
+23 6
-118
+3 4
+21-6
+150
+104
+10-2
4-1-9
+219
4-15-1
-I-12-2
+46
1,683,261
1,175,405
511,600
853,818
602,223
905,708
647,204
481,148
681,790
412,369
423,267
342,868
292.810
209,713
263.25S
150,000
115,322
+40-9
+8-8
-274
+232
59.412,774
18,545,984
10,028.154
8,080,839
5,900,000
4,863.515
6,618.748
6,476,040
4,462.240
2,914.500
2.189 837
2.102,361
1,480,91
1,164.329
2,003,071
1.102,133
1,479.540
840,212
798,770
900.141
.
702 288
535,958
568.877
474.002
407.824
885.000
854.417
275,225
292.892
214.703
164,500
104,227
—49
—9-2
+85-0
+0-8
+200
4-12-7
hll'4
-619
-
-03 9
-50 7
—00
+401
+24 2
4-87-8
+18'2
+812
+246
+14-4
+-14-6
+4-7
1+330
+30-
+130
+282
-23-6
-7-3
-124
-367
-
-471
-
1-52-5
+15-3
+4-8
—12-8
+0-8
+30-
+270
+8-3
—0-2
+38
-t-17
+203
164.22o.01
167,326.100
21.662.850
16.314.530
9,869,858
8,204.944
6.825.766
4,180 060
2 070.863
8,097,433
1.870.448
1,661.338
011,068
767,700
600.880
670.193
670.040
614.025
476,074
301,648
869,924
398,510
271.689
233.813
814.418
170,020
160,000
102,807
tal.
tal.
271.426.933
83,951.657
6.654,556
4,884.614
3,178,921
4,674,811
2,584,436
2,027,882
640.628
650.000
358,160
249.552.72J*
59.605,560
26,452.846
19.810,288
7.980.649
6,266,354
4,655,095
6,040.282
2,281,840
1.371,878
1,624.161
902.862
7)2.566
374,838
67,333,483
23.607.160
21 804.703
8,108.608
6,781.075
6.030.043
5,000,000
2.090,577
1,705,028
1.400,226
008,608
018.201
691,058
180,177
168.089
77,152,825
62.812,699
19,693,680
10,635,541
0,656.039
5,748.600
4,483,795
5,514,489
4.984,183
3,820 287
2.418,168
1.725.805
78.146,078
61.040,378
18.820.724
0.838.332
8.604.788
4.401.600
4.437.091
4.890.074
6.888.401
3.793,964
8.8O0.184
2.041.170
1.639.717
1,100.600
061,424
8.104.085
1,180.867
+8-7
+412
+28 2
-186
+762
1,884,741
1,110,7j9
1,095,705
2.290.914
998,21"
1,403.094
1,060,000
769,466
-j-41'2
700,624
+0-0
+363
+8-6
1+150
-20
424,017
582,503
606,450
396 578
88.017.626
6.460.205
5.204.616
4,086,105
4,327,710
2.350.46S
1,800.000
628.366
615,408
345,925
in to tal.
1,121.000
660.000
804,326
In to tal.
163.048.335
142,629.752
2.802,704,44 2.451,184.424
+74
+ 14-3
036,416.704
+128
York.. 1,066,248,050
185.676.641
21,650.000
15i495.099
10.491.559
9.457.000
6,770,019
4.438,100
8,277,808
8,157,282
2,125.873
1.820.807
1,213,906
791,600
1,065.711
600,001
+ 10'2
Not Include d
79 702,301
525.780*
553,975
438,048
156.808,462
-7-7
+81-9
—11-8
-2-7
+15-0
Not Include d
nil
outside
120.10J714
132.548.167
2.027,895,485 2.602 404.5S8
001,936,312
K81.329"j58
Canada—
181
-t-10-1
-rsa-a
Rock
Charleston
+02
Not include d into
Not include d in to
303,990.865
278.662,398 +11-1
91.898.289
62,276,156
16,268,955
11,605,146
Total other West'rn
Louis
New Orleans
St.
12-8 per cent.
1.102,526
+11-2
Columbus.
Toledo
Pearl Street,
1.0.10,068
1,081, 102J
4-14
Detroit
CHICAGO OFFICE— Pliny Bartlett. 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E. C.
Wll.LIA'i B. DANA COMPANY, Publishers,
1001,865
159,429,035
Cleveland
$4 20
22 00
29 00
50 00
87 00
-11-6
187 415.605
Cincinnati
Transient matter per inch space (14 agate lines)
-422
-016
-106
181,802,054
Portland
Kail River
Lowell
New Bedford
1002.
S
$
142,482.050
8,009.600
2,743.174
1,914,303
1.774,303
1.097,394
+12-7
208,317179
Worcester
14s.
lis.
7.
38,400,851
6.032.300
2.555.000
1.781.863
1.529.507
1.539,950
139.038.414
8,724.600
2,717,454
1,819,500
1.689,165
1,475.201
1.801,771
667,888
542.608
680.018
401,456
Total New England.
Chicago
New Haven-
I
Three Months
%
V
2104.
1903.
Dec.
Holyoke
Hartford
—
Two Months
1904.
Inc. or
158,707,137
8,745,900
2,966.143
2,630,800
2.487.930
1,631,842
2,010,796
979.382
490,341
718,280
433,487
Springfield
Subscription includes following Sections
STATB AND ClTT (semi-annually)
BANK AND QUOTATION (monthly)
Railw at and Indcstbial (quarterly) stbekt Railway (3 times yearly)
! Six Months
1906.
Providence...'.
$10 00
6 00
13 00
7 60
— Per
ending October
s
Wot One Year
For Six Months
European subscription (Including postage)
European Subscription Six Months (including postage)
oi Advertising:
eek
—
Clearings at
PUBUSHED WEEKLY.
Terms of Subscription— Payable in Advance
Terms
1
financial
flmmfiria
V
VOL.
1
1
.
I
Montreal
Toronto
Winnipeg
81.031.806
22.720.102
10,288.067
Halifax
Ottawa.
Ouebec
ancouver
Hamilton
\
"t.
John
I^indon
Total Canada
....
+26-6
+ 120
1.040.864
+106
20.427.107
13,951,521
4.612.017
1.712.085
1.917,210
1.321.000
1,148.784
1,047,410
002.740
808.867
792.977
18-8
7:t5Ji".'
6.947.o7:i
L800.000
1,802920
8.347.937
1,617.902
1,770,274
1.612.935
1,140.480
1,015,349
8,077.920
1,608,538
1.507.757
1,100,275
79720
Victoria
24,609,071,
80,138.870
76.000,181
61.007.408
+73
-02
—47
+13-U
+ 133
+20-4
-4
t ll
1.523 181
1.5"7. 888
1
,2.'i0.088
I.OO2.048
012.070
l'Ol.t-07
1177 040
--
501 087
21.155
"51.860.313
848
1-
29.748.664
15.753.797
4,142,103
'
THE CHRONICLE.
120H
is rife
THE "BANKERS' AND TRUST" SECTION.
,
and there are
signs of its
Vol. lxxxi.
becoming a formidable
barrier to free exports.
Notwithstanding the large
In our "Bankers' and Trust" Section to-day, a
crops, agricultural exports in September were only
copy of which is sent to every subscriber of the
$69,077,377, against $72,523,247 in September 1904;
"Chronicle," we present to our readers a complete
exports other than agricultural showed, however, an
report of the proceedings of the Annual Convention of
increase, the total being about 67 million dollars,
the American Bankers' Association held last week in
,
61%
September 1904,
bringing up the total exports in September 1905 to a
favorable comparison with the same month of 1904.
THE FINANCIAL SITUATION.
These data, though, tell the story, that although we'
Foreign exchange has made further advance this
have large crops and large surpluses for shipment
week, leading to suggestions of gold exports and to
against
Washington, D. C.
proposals that the Treasury should turn over to
bank
depositaries 20 millions of
gold and currency as a
relief to
its
its
surplus holdings of
the strain in
money
if
abroad,
made
we
million
dollars
in
are as yet not shipping freely.
to face the fact stated
We are thus
above that speculation
is
We
at present a formidable barrier to free exports.
need hardly say that if this spirit continues to be so
gold exports should ensue. This advance, it will be
remembered, was a feature even while gold was being eager as to lead us to keep our surpluses instead of
them an experience which is not new to
imported, a strong indication that gold imports were marketing
balance must suffer correspondingly.
an artificial affair, as we have shown in previous weeks. us our trade
Now the natural bent is asserting itself with accumu- The proposal referred to above, to transfer from the
20 millions of currency to depositary
lated energy.
Trade movements are not very unlike Sub-Treasury
banks
would,
if carried out, have a tendency to further
water courses; forced against their current, resistance
—
—
is
the
development and
first
unnatural
is
finally a reversal of the
inevitable, asserting itself with
And
cultivate speculation.
accumu- money
is
yet a fairly firm state of
at present a desirable condition; for
it
would
favor lower foreign exchange and perhaps serve to
lated force.
check the growth of the feverish condition of our
Whether there are to be exports of gold depend
upon certain circumstances which are not as yet obvious.
We cannot doubt we shall return to Europe all
we have recently gained from that source about
agricultural
8^
close.
—
million dollars.
There are at the moment rea-
The
less
commodity markets.
financial situation
strained in
That
is
some
abroad has become a
little
week nears its
London, where the
particulars as the
especially true of
According to
scarcity of money is less of a feature.
There is a considerable balance on the weekly return of the Bank of England, there has
deposit in our banks due on the subscriptions to the been an addition of $3,200,000 to the gold holdings
last issue of $50,000,000 Japanese bonds.
Bar gold, which
It is as- and $5,400,000 to its cash reserve.
sumed that a considerable part of that amount is still had been marked up to 77s. 10d., and American eagles
x
outstanding, which is subject to transfer to London to 76s. 5d.,were reduced Thursday /i
of a penny, to
deducting
after
all amounts due from Japan for pur- 77s. 9%d. for bar and 76s. 4%d. f or eagles.
The
chases made here by her. What is to be the influence Bank of Germany also in its weekly return showed an
on the world's money markets of placing the Russian addition of $8,045,000 to its cash, and discount rates
loan we can only determine on the basis of past ex- at Berlin fell %%. The situation in Europe has led
perience.
Such transactions have always led to to considerable sales during the week of American
preparations, and such preparations mean accumula- securities at our Stock Exchange on London account.
tions of cash at each center expecting to share in the The above-mentioned advance in the price of gold bars
takings.
Accumulations of that character cannot be and eagles was assisted by the Bank of England with the
made except by creating a strain in all accessible mar- object of securing supplies of the metal in transit.
sons to support the surmise that the outflow will not
stop with that.
,
kets,
and ours
is
peculiarly vulnerable, being flooded
with currency of an irredeemable sort.
Still, it is
be said that. this loan has been overhanging the
to
mar-
kets a long time, and a considerable portion of the
accumulations of gold in the Bank of France during
the year were at the time said to be made in anticipation of the placement of that loan. Cables from
measure may be assumed or the
With the gold
decline would not have taken place.
en route marketed in London, instead of being obtained
by Continental bankers, the normal conditions would
be restored and the tension in discounts at the British
capital would subside, as appears to have happened.
The sharp rise in foreign exchange has led to the
opinion in some circles of an immediate export of gold.
The
efficiency of the
Europe report that the United States is to share in
subscribing for the loan. There has been no announce- Though that
ment to that effect here.
But aside from those transactions the
trade situation
our favor.
is
If
international
not believed to be at the
moment
in
We have large surpluses from our abundant
harvests for export from the sale of which a reversal of
this situation is expected; but our imports are running
up
to such high values as to aggregate
an amount
considerably in excess of previous years. This week
Wednesday the September foreign trade exhibit
was issued by the Bureau of Statistics, which showed
the largest imports ($102,138,031) in that
month ever
recorded, comparing with $84,124,975 in September
1904 and $81,816,642 in 1903. Moreover speculation
result
is
possible,
it is
not likely at present.
the rate should rise to a close approach to the export
point,
a sentimental
situation
is
influence
upon the monetary
presumable, checking the rising tendency
for exchange.
The Treaty of Peace which was concluded by Russia
and Japan at Portsmouth September 5th was signed
by Emperor Nicholas and the Mikado of Japan October 14. This act, which puts an official end to the
war, and gives effect to all the provisions of the Treaty,
will be largely memorable for the rescript by the
Mikado which accompanied the publication of the
Treaty
in
Tokio.
A
wiser
instrument, advancing
THE CHRONICLE.
Oct. 21 1905.]
nobler principles of action for the guidance of his
people could not have emanated from the ruler of any
The Mikado no doubt wrote, chiefly mindcountry.
1209
earnings increased SIS 1,707, mainly as a result of an
increase in the earnings on iron ore, and this was
an
mental principle of our international policy" and "the
promotion of this high object has, therefore, been our
augmentation of only $31,897 in
expenses, giving an addition of $152,810 to the net
The augmentation in expenses was small,
earnings.
notwithstanding enlarged outlays upon maintenance
account of SI 90 ,000. But cost of conducting transportation was reduced $103,000, largely through a
saving in the item of fuel, but also as a consequence
constant aim."
of increased operating efficiency.
ful
moment
the
at
of
the opposition exhibited
so
openly, and in some cases violently, to the signing of
Hence, he begins by stating that the
the Treaty.
maintenance
of
peace has always been "the funda-
But he adds,
''last
year, for reasons
dictated by the necessity of self-preservation,
we un-
attended
it
by
On
this last point
deserves to be noted that there has been a slow but
year by year. In
Further on, after speaking modestly and briefly of 1000 the average load was 258 tons; in 1901 there
Japan's vigorous prosecution of the war and the cheer- was an increase to 260 tons; in 1902 to 287 tons; in
fulness with which the people met the hardships ami 1903 to 304 tons; in 1904 to 308 tons, and now for 1905
fortunately were forced into hostilities with Russia."
steady growth in the train-load
the exigencies of the ease called for, and
the average
bore the heavy burden of national expenditure the w ar
for the five
sacrifices
r
has entailed, he adds, we have thereby achieved "a over
success."
"After twenty months of war
the position of the empire has been strengthened and
the interests of the country advanced."
All that having been secured, and in "so much as we have never
wavered in our desire for the maintenance of peace,
it is contrary to the controlling principle of the empire
that hostilities should be protracted and that our
people should unnecessarily be subjected to the horrors of war."
In the foregoing we have the whole explanation of
the Japanese Government's action in beginning and in
so summarily closing the war Self-preservation forced
the nation into hostilities; the purpose in the settlement reached was to get all it was entitled to; but better and higher than that was the Mikado's determination to get peace.
He closes by strongly admonishing
glorious
his
subjects
pride and
manifestations
against
commands them
avocations and do
of
vainglorious
to attend to their lawful
power to
strengthen the empire. Some people assume to think
that the sympathies of the United States for Japan
in^'the war were based on an expectation of commercia
gain for our nation, and express disappointment now
that they find Japan, like every other Power, is earnestall
that
lies
in
their
r
ly
endeavoring to attain for
That
itself
success in peaceful
up
to 317 tons.
be seen that
years the increase in traindoad has been
is
It will
20%.
A very important
erty
is
development concerning this propthe action taken regarding an extension of the
system to Duluth. The report tells us that during the
year contracts were entered into for the construction
of 45^ miles of road from Owen (a point on the main
line, 12 miles west of Abbotsford) to Ladysmith, a staThis line, it is expected, will be
tion on the "Soo."
opened the coming January. Furthermore, a survey
has been made for a line from Ladysmith to Superior
and Duluth, a distance of 112 miles, and it is intended
shortly to enter upon the construction of this addiThe work is being done by sepational piece of road.
rate companies, but the Wisconsin Central will finance
To secure the necessary funds for
company created an issue of $5,000,000
the undertaking.
the purpose the
5-year
gold notes dated July
43^%
1
Arrange-
1905.
ments were made temporarily to borrow $1,000,000 on
notes of the
company payable July
1
1906, collaterally
secured by $1,000,000 of said 5-year notes; $500,000 of
amount was received during the
this
fiscal
appears in the balance sheet under the
"Con-
line to
serve to bring a considerable
less
title of
Duluth seems a natural
the Wisconsin Central, and it will doubt-
struction Loans."
extension for
A
year and
amount
of
new
busi-
ness to the road.
wrong stand entirely. Sympathy during the contest was the outgrowth of the
fact that Japan was fighting, as the Mikado says, for
self-preservation; there was nothing sordid
about
the sentiment.
We knew all the time that Japan
was an industrious, ingenious, economical worker;
that she was certain to succeed in commercial affairs
and would prove a sharp competitor. Our people
Stuyvesant Fish presented some interesting statistics
showing the great development of the property since
he became a director in 1876. For the fiscal year
ending June 30 1905 gross earnings were more than
seven times those of the year 1876, the comparison
only ask an even chance.
being
$49,508,649, against
traffic
has been in a yet greater ratio, the
pursuits.
The
is
a
At the annual meeting
Illinois
Central Railroad
of the stockholders of the
Company
this
week, President
Growth of
number of
one mile having increased more
$7,040,969.
some new interests have recently passengers carried
gained representation on the board of directors of than eleven times, the aggregate no wbeing]583, 48 1,895,
the Wisconsin Central Railway Company
without, against only 51,238,031 in the earlier year. The
however, disturbing the management of the property freight movement one mile has expanded fully twenty
or altering its policy in any degree
gives special fold the aggregate for the late year being 5 ,559 1 39 ,454
interest to the annual report of the company issued ions, against no more than 264,602,314 tons for 1876.
fact
that
—
—
the present week.
It will
trust in the stock of the
year, thus
rights
to to
be recalled that the voting
company expired July
1
last
reinstating the shareholders in their voting
,
In this interval the outstanding capital stock of the
company has been
$95,040,000,
and making it possible for the interests referred been paid
buy enough stock in the market to entitle them however,
to representation
on the board. The company's annual
report shows that the
were
,
on
the
whole
results for
quite
the $66,040,000
from $29,000,000
of
to
new stock having
The most interest ing statement
as it appears to us, made by Mr. Fish v
this same period of time the sum of $32,994 >< 8
for in cash.
.
months has been taken from earning- applicable to dividends
The gross and applied to the betterment of the property and the
the twelve
satisfactory.
that in
increased
THE CHRONICLE.
1210
creation of various funds.
interesting
it
We
statement made by
illustrates the policy
pursued
say this
is
the most
President Fish because
in the
this great property as well as of so
management
many
of
other railroad
companies in the United States and which has been
attended with such gratifying results. If the funds
had been provided through new capital issues, either
stock or bonds, instead of from earnings, the company
would to-day have to earn a return on this enlarged
capitalization.
At 6% per annum this would call for
an additional yearly charge of $2,000,000— that is, the
earn $2,000,000 more
net
company would have to
each year in order to make a return on such capitalizaThe money having been provided out of earntion.
ings, the company saves the $2,000,000 a year. And
who gets the benefits? Obviously the public. The
company being obliged to earn that much less money,
shippers get their freight moved for correspondingly
been the only advantage to the public. The $32,994,878 of money taken
from earnings has gone to provide increased accom-
lower figures.
But
this has not
[Vol. lixii
contributing to a
in the
freely
fall in
the call loan rate to
3%. Later
week the demand for day-to-day money was
met by the larger banks, and the tone was
comparatively easy thereafter.
There was' very
demand
offerings of funds for
for short-time loans
and
the longer periods were fairly liberal.
little
Money on
call,
representing bankers' balances, loaned at the Stock
Exchange during the week at 6% and at 3%, averaging
about 4%%; banks and trust companies loaned at 5%
as the minimum.
On Monday loans were at 6% and
at
3%, with
the bulk of the business at
5%%. On
5%%
and at 43^%,
Tuesday transactions were at
with the majority at 5%. On Wednesday loans were
at 534% and at 4%, with the bulk of the business at
4M%- On Thursday transactions were at 5% and at
43^%, with the majority at 4%%. On Friday loans
were at 5% and at 3%, with the bulk of the business
at 4%%.
Time contracts on good mixed Stock Exchange collateral were 5@534% for sixty and
5% for ninety days, with few transactions; at
for five to six months. Comfor four and
mercial paper was quiet at 5% for sixty to ninety-day
endorsed bills receivable, 5@5J^% for prime and
5H@6% for good four to six months' single
4%@
4%%
4^@4%%
modations and facilities for moving traffic, thereby
cheapening the cost of transportation, and shippers
have been getting the benefit of this too in still further
reductions in rates. The Illinois Central is simply one names.
Many other companies have
large railroad system.
The Bank of England rate of discount remains unbeen pursuing the same enlightened policy. Applying
Though there were some expectasimilar computations to these other roads, it will be changed at 4%.
that the rate would be raised,
of
roads
has
been
in
week
the
tions early
the
seen the saving to the users
enormous, and indeed we refer to some very striking it later appeared that the Bank had obtained full
results to-day in the case of the Great Northern Rail- control of the situation, and, through its influence, the
way in reviewing that company's annual report in an price of gold bars had been advanced in the bullion
Bearing all this in market to 77 shillings 10 pence per ounce, thus prearticle on a subsequent page.
mind it can hardly be denied that the prosperity of the venting the diversion of incoming gold to the Continent;
railroad carrying industry in the United States rests on Thursday the price was reduced to 77 shillings 9%
upon pretty sure foundations.
pence and on Friday to 77s. 9%d. A rise of
2^ centimes in the rate for exchange at Paris
There was no change in official rates of discount by on London probably had some influence upon
any of the European banks this week; compared with the Bank Governors, causing them to leave the
The cable reports
last week open market or unofficial rates were 3^ of 1
rate of discount unchanged.
,
%
higher at
London and
at Paris.
It is
reported that
arrangements are being made at St. Petersburg for
the flotation of the new Russian loan.
The feature of the statement of the New York Asso-
Banks last week was the loss of $2,350,800 in
cash instead of a gain, as was estimated from the
ciated
movements of money. Loans were contracted by $29,456,600 and deposits were reduced
required
reserve
$33,104,100. The
decreased
traceable
$8,276,025 and the surplus increased $5,925,225 to
$10,211 ,400. Thejbank statement of this week should
reflect,
among
other items, the transfer hence to
day bank bills in
London 4@43^%. The open market rate at Paris is
2%@3% and at Berlin and Frankfort it is 4^ @4^%.
According to our special cable from London, the Bank
of England gained £652,261 bullion during the week
and held £32,162,965 at the close of the week. Our
correspondent further advises us that the gain was due
to imports of £261 ,000 (wholly bought in open market)
to exports of £53,000 (of which £25,000 to Egypt and
£28,000 to Paris), and to receipts of £444,000 net
discounts
of
sixty
from the interior
of
to
ninety
Great Britain.
New
Orleans, for the relief of a bank upon which a run was
being made, of $1,570,000, and to Cincinnati of
market was quite strong this
week, influenced by a demand to cover maturing
$100,000; the transfer hither from San Francisco of finance bills and also for drafts for delivery on con$700,000 gold; also the receipt of $575,000 imported tracts, which drafts, because of the unexpected scarcity
gold from London ^which was in transit last week, of bills, could not be procured; the contractors
though not reported. Exchanges of refundable bonds were therefore compelled to purchase at the market
for 2% consols have thus far amounted to $25,- the bills with which to meet their engagements.
206,400.
Bankers who had not made provision for their
The
foreign exchange
maturities of finance drafts, through contracts for sight
There was someTrelaxation in the monetary tension
this week.
The payments on Monday of the balance
due, amounting to about $20,000,000, on the final
instalment for the Japanese bonds, which were negotiated in July last, was effected without derangement
tofthe market, and the money was promptly loaned,
were urgent in their requirements, not only
because of the strong tone for exchange, but for the
for cover,
reason that there was
much
uncertainty regarding
moreover it was considered as unlikely that there would be material
relaxation in the discount tension abroad, and conse-
immediate
future
supplies;
@
THE CHRONICLE.
Oct. 21 1905.]
even if it were possible to extend their
obligations, such a course might not be advantageous.
Those bankers who had made provision for cover
through contracts for delivery this week were pro-
1211
FrL.
quently,
enforce deliveries
tected because of their ability to
and compliance with
tractors
bills.
intensified
The
@
.
requirement by the con-
this
the urgency
inquiry
was
demand
the
in
for
Oct.
Brown
Brothers
Baring,
for
sight
drafts,
.
of
Ignt
Canadian Bank
Commerce
Heldelbach, [okelbeimer & Co
Las aid
in
Canada
'60
Thvri.,
•../.,
is. Oct.
si;
88
87
S7
in
t
days
1
days
87
83
NT
83
88
.
1
Oct. 20.
88M
ST
B3
87
i..
19
83
83
87
88
..iSlght..
reres
Merchants' Bank
of
i
80 days
--\Slght_.,mi i
i
II
if. Oct.
83
NT
i
..ISJght.
80 days
._ [Sight..
80 days
Montreal
of
True..
18. Oct.
,
North America
Bank
days
P 1 Sight
Kill
..
Magoun 4 Co
Bank British
1-
chiefly
tin
Mon.,
13. Oct.
|6M
S3
B6M
86H
83
87
88
S7
83
87
83
Mil..
S7
s:t
S7
87
88
S7
87
87
88
B8M
-t
..(Sight.. 4
though tallies were also in request, and the rise in
The market closed on Friday at 4 8290(6)4 83
the former was. compared with rates at the beginning
of the week, one cent per pound sterling by Friday; at for long, 4 8665 (5)4 8670 for short and 4 8725@4 8730
Commercial on banks 4 8250(5)4 8265
the same time long advanced three-quarters of a cent for cables.
and cables 65 points. On Friday there were indica- and documents for payment 4 8234 @4 8334- Cotton
tions of a forthcoming supply of cotton bills, which for payment 4 8234 (5)4 82%, cotton for acceptance
8250@4 8265 and grain for payment 4 83%
caused a slight recession in rates for sight, but the
I
undertone was strong and the demand so urgent 4 83MThe absence
that there was a prompt recovery.
England rate contributed
The following gives the week's movement of money
to a more confident feeling and it was regarded as to and from the interior by the New York banks:
probable that after the October maturities of finance
Shipped by
Net Interior
Received by
Week ending Oct. 20 1905.
Movement.
N. Y. Banks. N. Y. Banks.
bills were provided for, as they w ould be early next
$114,000
$5,282,000
$5,396,000 Loss
1.519.000|Loss
772,000
747,000
week, more normal conditions would prevail. The Gold
$886,000
$6,029,000
$6,915,000X083
legal
tenders...
Total
gold
and
would
fall
fact that comparatively few finance bills
there
would
and
expectations
that
in
November
due
With the Sub-Treasury operations the result is as
then be more liberal offerings of commodity drafts follows:
seemed to give some assurance of lower rates for
Into
Onto}
Net Change in
Week ending Oct. 20 1905.
Bank Holdings.
Banks.
exchange in the near future. It was reported that
Banks.
$886,000
$6,029,000
$6,915,000 Loss
Interior movement as above
part of the demand for sight bills was due to re- Banks
23.700,000 Gain 3.000.000
Sub-Treasury operations.
26.700.000
mittances of a portion of the balance, which was paid
$32,729,000
$30,615,000 Gain $2,114,000
Total gold and legal tenders .
this week, on the Japanese loan.
No inquiry for
The following table indicates the amount of bullion
this purpose could, however, be traced, and it was
in the principal European banks:
stated that no remittance of this money would be
October 20 1904.
October 19 1905.
made, at least until early next year. It would seem, Bank o}
of
change
in the
Bank
of
r
.
Gold.
therefore, that the chief reason for the week's strength
exchange was the demand above noted for covering finance bills; possibly also there may have been
remittances on account of sales by Europeans of
securities.
There was an arrival of $315,000 gold
on Saturday of last week and of $260,000 on Tuesday,
representing importations from London which had
not previously been reported. This makes the total
of such imports since September 12th $8,780,000.
Gold received at the Custom House during the week
in
$623,531.
Nominal quotations
Silver.
Total.
Gold.
£
£
£
32
England. . 32 ,162,965:
116 784,264 43,936 612160
France
Germany a, 29 ,526,000 9,842 ,000 39
115 ,370,000'
Russia
4,324 000 1 19
Aus.-Hunb 45 541,000 12,063 000 57
961,000 22,389 000 37
Spain
Italy
1824,000
3,222 000 28
NethTds .
.599,400
5,943 000 12
4
.N'at.Belg.a
,196,667
1,598 333
Total.
Silver.
£
162,965 36,853.115
,720,876. 104.434,980
368,000 31.067,000
694,000| 97.746,000
604,000' 48,248,000
350,000' 14,817.000
046,000! 22,041,000
542,400
5,494,900
795,000
3,250.667
...I
44,025
10,916
7.232
12.089
20,044
3,424
6.055
36 853,115
906148 ,460,886
000
000
000
000
500
300
1,625 333
41 98.3,000
104 978,000
60 337.000
34 801,000
25 465,500
11 550,200
4 876,000
Tot. week. 388,965, 296 103,317, 945 492,283.241 363,952. 662 105, 412,039 469,304,701
Tot, prev. 386.899.891 104.115,982 491.015.873 362.220.860105.280.788 467.501.654
a The division (between gold and silver) given in our table of coin and bullion
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
make no distinction in their weekly returns, merely reporting the total gold and
silver; but we believe the division wc make is a close approximation.
b The Austro-Hungarian Bank Statement is now issued in Kronen and Heller
instead 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.
in
for sterling exchange are 4 83(5)
days
and 4 86^(5)4 87^ for sight.
83K
THE RUSSIAN LOAN.
The market was firm and moderatively active on
Saturday of last week at an advance, compared with
During the present tight-money episode on the
the previous day, of 5 points for long, to 4 8225
European markets, much has been said of the possible
4 8240, and of 10 points for short and for cables, to influence of the impending Russian loan. Since some
4 8575@4 8585 for the former and to 4 8635@4 8640 more or less definite information has been given out
4
for
sixty
for the latter.
On Monday
the tone was strong and
10 points higher for long at 4 8235(5)4 8250, of 25
points for short at 4 86@4 8610 and of 25 points for
cables at 4 8660(5)4 8670.
a rise of 25 points
On Tuesday
there
was
around, long to 4 8250@4 8275,
short to 4 8625(6)4 8635 and cables to 4 8685(6)4 8695.
On Wednesday there was an advance of 15 points all
around, long to 4 8265(6)4 8285, short to 4 8640(5)
4 8650 and cables to 4 87@4 8710. On Thursday
all
week regarding that coming transaction, it will be
worth while to examine into it. The facts unofficially
announced in Paris are that the contemplated loan is
for 1,800,000,000 francs, of which one-half will be
placed in France, the balance in England, Germany,
Holland and the United States. If, however, participation by these outside markets should not be obtained, Russia's application w ould be reduced to
this
r
1,000,000,000
francs,
all
to
be placed
France.
in
According to the same source of information, the new
loan will bear four per cent and will be placed around
tone was strong on Friday at an advance of 15 points 90. Since the outstanding Russian four per cents now
for long, of 20 points for short and of 25 points for command 93 on the London market, it will be seen
long rose 10 points to 4 8275(5)4 8285, short 5 points
to 4 8645(6,4 8650 while cables were unchanged.
The
cables.
The
that the usual concession for a
following shows daily posted rates for sterling
exchange by some
of the leading
drawers:
The
figures given
new
loan
are of course subject
is
granted.
to the usual
allowance for informal and unofficial forecasts.
THE CHRONICLE.
1212
Two
questions arise in connection with this proposed
why Russia
borrow any such sum as
One
operation.
need to
is,
jV0L. LXXM.
the Berlin market at the
belief in
the proposed $360,-
land, according to advices from that country,
very extensive operations of this sort.
subscribe through
As regards the
these questions, it must be observed that the war loans
issued by the Russian Government were wholly in the
form of short-term bonds. At the beginning of the
war the Paris bankers deliberately adopted the policy
of refusing to lend to Russia on perpetual bonds in the
form of those already outstanding the argument of
but while conceding
be on Europe's market.
first of
—
the bankers being that extensive creations of
new
se-
form with those already in the
market's hands, would probably be more disturbing
to values than the issue of temporary obligations.
Subscriptions made by the Paris market during 1904
were for bonds with a five-year maturity. The loan
placed in Berlin was similar in its terms; there were
also, toward the close of the war, some borrowings on
the German market on a security of nine months'
Some of these
notes of the Russian Government.
obligations, therefore, must be redeemed next year;
others will fall due a few years hence; all would probably benefit at this time by conversion into the standard form of Russian securities.
In other words, there is no doubt that the loan applied for is in large degree merely for conversion purposes.
It would also, and naturally, provide for the
closing expenses of the war, including the moderate
indemnity paid to Japan for maintenance of Russian
curities, identical in
One reason why
prisoners.
the necessity for a large
loan at this time has not seemed obvious to every one,
is
hardly warrants
should at this time
000,000; the other, what the effect of the transaction
will
moment
that the stock of gold in Russia's hands
is
unusu-
its
Eng-
may
bankers for a moderate amount;
this, forecasts are
pretty careful
to point out that the public will not take the bonds.
Apparently that would mean rather quick return of
the Russian bonds to Paris.
As for the United States,
we see no reason why a Russian offering should meet
with any different reception than it did four years ago.
At that time,
it
will
be recalled, our insurance com-
panies took a moderate
amount
per
practically
cents;
the
listed since that
public
time on the
Russian four
none. Although
of the
New York Stock Exchange,
the bonds have never been traded
All things con-
in.
we should imagine that such
sidered,
strain as will
ensue from this Russian financing operation must be
endured by Paris. It is fortunate that the French
market
is
in the best position to sustain
it.
THE GREAT NORTHERN POLICY AND ITS
PROSPERITY.
In view of the agitation of the question of Federal
seems perfectly natural and
proper that President Hill in the company's present
annual report should have incorporated a table comparing present railroad freight rates on that system
with those prevailing two decades ago and undertaken
to show the benefits that have resulted to shippers
and the communities served from the great reduction
control of railroad rates,
it
,
effected in these rates in this period of time.
late fiscal
rate
In the
year a further decline occurred in the average
on the lines embraced in the Great
realized
Bank, Northern system, this average having dropped to
for instance, stands more than $30,000,000 beyond 7.92 mills per ton per mile.
For a system located as
Gold balances standing to is the Great Northern, having a large amount of
its total of a year ago.
Russia's credit on outside markets foot up to $125,- mileage running through the newer and therefore
000,000 by the report last at hand, and this com- sparsely settled sections of county this, it will be
pares with $60,000,000 a year ago and with $23,000,- admitted, is a very low average rate, and of course it
000 in May of 1904.
is the lowest ever reached in the company's history.
It w ould thus appear that the Russian Government
At 7.92 mills the figure compares with an average
is
unusually well equipped to meet the demands per ton per mile in 1881 of 28.80 mills— in other words,
upon its treasury. There is, however, this much to 2.88 cents. Thus the present rate is considerably
ally large.
Gold
in the vaults of the Imperial
,
y
be said regarding that phase of the situation. The
balances on outside markets are invariably drawn
down when the heavy quarter-day payments on Russia's external debt fall due.
As for the gold in the
Imperial Bank, the comparison with last year shows
is considerably more
by the $150,000,000 increase in the note
circulation of the bank.
No doubt these outstanding
notes might profitably be reduced, and this may be
done on the army's return one of the principal arguments for the increase in note issues having been
that
its
than
offset
$30,000,000 increase
—
the need of such currency for circulation in
It
that had the rates realized in 1881 prevailed in 1905,
the revenue collected from the tonnage
is,
moved would
have been $120,100,626, as against the $33,013,722
revenue actually collected. In other words, there
was a saving to shippers on the tonnage moved in
1905 of $87,086,904. Making similar computations
of the saving to shippers on the tonnage of preceding
years, it is found that the aggregate saving to shippers
for the twenty-four years since 1881 has reached the
Man- enormous sum
however, an open question whether
the Russian Government may not deliberately adopt
the policy of "nursing" its gold reserve. It would
not be strange if the war experience were to make
all that stock of gold something of a political fetich.
All statements regarding the Russian loan make
account of the doubt as to whether other markets than
Paris will subscribe.
We should suppose that absorpchuria.
than one-third that of twenty-four years ago. In
the table in the report to which we refer it is shown
less
of $676,983,820.
been urged that the tonnage to-day comprises
a much larger proportion of the bulky classes of freight,
Granting
that is those bearing the lowest rates.
It has
that, this does not change the fact that taking the
whole the company is moving it for a
compensation of only 7.92 mills, whereas in 1881 the
freight as a
compensation received was 28.8
mills.
It is also true
that, except for the reduction in rates, the tonnage
by
could never have reached its present proportions.
and American markets would be extremely improb- It would have been unprofitable for shippers to ship
able.
Under ordinary circumstances, Berlin might goods at the former high rates. It was the reduction
become a very large subscriber, but the condition of in rates that made the large tonnage possible. This,
tion of half this loan
the English, German, Dutch
—
Oct. 21
TIIK CHRONICLE.
1905.1
however, is the same as saying that the Greal Northern
Bystem, through a wise policy in lowering rates, has built
up sections of country which except for such policy
must have remained undeveloped; lias fostered and
promoted industrial growth, and invited an influx of
population under which new communities have risen
and the welfare o\ the whole territory furthered.
But whether or not one accepts the figures given as
conclusive on the point of the benefits to the communities served, no one who has watched events in
recent
—
years can have any doubt
way
that
Mr. Hill has
1213
The Greal
Northern
Company,
while advancing
the welfare of the communities served, has of course
promoted
own
its
prosperity.
To one
not acquainted
with the policy pursued, it might seem strange that
a roajl having only a thinly settled country to draw
upon
for considerable
have found
make
yet
portions of
mileage should
possible to grant such low rates and
it
its
Put one need not
his search to find the reason for such
a profit
go very
far in
success.
We
has been
made
on the business.
have already
to stimulate
seen
new
how every
enterprises
effort
and
to
promote industrial induce influx of settlers. But the company's operatgrowth, to build up new industries, and to stimulate ing methods have been directed to the same end,
expansion in population. As is well known, the that is, have been directed to making it possible as
Great Northern, or rather the St. Paul Minneapolis & a railroad proposition to move business at low rates
Manitoba, in which the Great Northern had its origin, viz., at a steadily diminishing cost per unit of service.
did not originally possess a line to the Pacific Coast. On the one hand the burden of fixed charges has
The Northern Pacific for a considerable time was the been kept low by avoiding inflation of capital and on
only transcontinental line running through the north- the other hand large amounts of earnings have been
Indeed, the Manitoba used to improve the property instead of being disern part of the United States.
was originally a distinctly local property. Mr. Hill tributed in the shape of extra dividends. The bonded
showed his purpose and object by extending it across debt has been kept at a very low figure per mile of
He was hailed road, the policy in recent years having been to prothe Continent to the Pacific Ocean.
as a great benefactor for the action, and yet this was vide new capital almost entirely through the issue
only one step in a general policy which has been con- of new- stock as witness the $25,000,000 of new stock
sistently adhered to, of creating tonnage and traffic now being offered to shareholders at par.
Still another element in the success attained must
by making rates low enough to bring the traffic into
Competition at times may have accen- be mentioned, the operating methods pursued. In
existence.
tuated the tendency toward rate reductions, but in this respect the position of the Great Northern under
Long before similar
the main this lowering of rates has been the result of Mr. Hill has been unique.
efforts were made in other parts of the country, even
voluntary action.
We may refer to the present report itself for illus- on the most skilfully managed roads, Mr. Hill on
his system attained results which attracted unitrations of some recent voluntary reductions in rates
July 10 versal attention. Indeed, through his operating methcovering, say. only the last fifteen months.
1904 rates on hemlock, larch and spruce lumber and ods he was able to run his road so cheaply that at first
various articles manufactured therefrom, shipped certain critics did not hesitate to express doubt as
from the Pacific Coast. Spokane, Sand Point and to whether the road was being kept in proper repair.
Kalispell districts to Eastern terminals were reduced These critics have been silent now for some years.
20%. August 1 1904 rates to Spokane were revised, Mr. Hill's particular care has been the train-load.
making through commodity rates from points east of A heavy train-load presupposes a good roadbed,
Chicago in order to allow Spokane merchants to powerful locomotives and equipment of large capacity.
distribute to points within a radius of 100 miles from But it also requires skill in management.
On
The most striking fact is that as the prosperity
that city on equal terms with the Pacific Coast.
Feb. 15 1905 rates on emigrant movables from Eastern of the road increased, the efforts at enlarging the
rain-load were not relaxed, but rather further strengthterminals to Spokane were reduced one-third and to the
Pacific Coast one-half, for the purpose of encouraging ened.
Take the latest year for illustration. The
the movement of colonists, the reduced rates remaining results in the particular mentioned, as revealed in
in force for three months.
The reader will also recall the present annual report, are almost marvelous.
the cuts in rates made within the last few months, the Large though the train-load was before, there was a
sought
in
every possible
to
—
t
company having
fin
Sept.
1
1905 put into effect a new
grain tariff reducing grain rates from practically
station^ in Minnesota
and
all
stations in North
all
further
to
bringing this average
Dakota 522
and South Dakota from one-half cent to 5 cents per
hundred weight, the average reductions from stations
in northern Minnesota and North Dakota being two
cents per hundred weight.
The various new branches and extensions that have
been built and those which are now under construction
have the Bame purpose in view, that of inducing
growth of population and industrial advancement.
addition
tons.
We
say
the
average of over 75 tons,
up
to the prodigious figure of
"prodigious"
because
with
a
system having a large amount of branch mileage
large amount of tonnage on which the move-
and a
ment
is
difficult
to
keep the trains
no other expression
tions)
The
effect
further
With
strongly in one direction (thus rendering
filled
fits
in
it
opposite direc-
the situation.
upon the operating expenses of this
to train-load was very marked.
addition
gross earnings, the addition to expenses was no more than $847,564, and Hie
$:-5,4()S,7.")5
increase
in
Thu<. the report tells us that the movement of settlerinto North Dakota has continued, and large a teas of whole of the increase in expenses occurred in the
Expenditures
land- an- each year being brought under cultivation. outlays upon maintenance account.
Jt i- added that the Beveral branch lines which the for maintenance of equipment increased $610,438 and
company is building in North Dakota will materially expenditures for maintenance of way and structures
in the development of the northern part of that increased S4S7.925. chaises to both these accounts
State.
But cost of conducting
having been very liberal.
THE CHRONICLE.
1214
In the present article we shall confine ourselves
transportation actually decreased $277,024 in face of Co.
number
over 24%.
the fact that the
mile increased
who now
most
furnishes
of tons of freight
moved one
Vice-President L.
W.
Hill,
of the details of operation,
Vol. lxxxi
entirely to the operations of the
deferring until another
was effected notwithstanding there was a material
increase in the cost of station service due to more
stations and additional force to care for local traffic
and increase in the rates of wages paid. He lays great
stress upon the permanent work done in previous
by the showing
the achievement possible.
One other matter deserves
to be brought out.
the San
Francisco Co., since that
paying no dividends on its common shares
company is
and the Rock
of
Island
Company
is
therefore not receiv-
ing any income from
We
its investment in that property.
say the conditions during the twelve months
The reason in the first place is that
the territory served by the lines of the system is dependent very largely upon the agricultural outturn
and this agricultural outturn in the Southwest during
the season of 1904 was not good though of course
crops were not an absolute failure.
As illustrating
were unfavorable.
We
have stated above that large amounts of earnings have
been devoted to the improvement of the property.
Out of the late year's income $3,000,000 was applied
in that way and out of the previous year's income
$2,000,000. The balance sheet shows a total of
$14,695,108 deducted up to June 30 1905 from income
to provide for future improvements and renewals,
while at the same time there was an accumulated
credit balance to profit and loss for the Great Northern
and its various proprietary and leased roads amounting
to $22,767,569, which must be considered as the
equivalent of cash put into the property in one shape
This
of the report of
& San Francisco Railroad Co. Results on
Rock Island Company are not in any event affected
the
made
week review
the St. Louis
points out that the decrease in cost of transportation
years as having
Rock Island System,
—
the deficiency of the harvest at that
time, the grain
tonnage of the Rock Island was reduced 140,614 tons
and the flour tonnage 30,351 tons more. There were
—
likewise losses in other directions
the tonnage in
lumber and forest products, for instance, having
shrunk 110,855 tons. Then, also, losses in certain
classes of traffic sustained the previous year were not
recovered, or only in part recovered.
Some
classes of
a very prosperous record and, as
freight, it is true, did increase, but altogether the
shared
in
road
have
freight tonnage of 1904-05 aggregated only 13,515,367
we have shown, the patrons of the
the benefits.
tons against 1 3 ,567 ,817 tons in 1 903-04
The tonnage
or another.
is
,
We
need hardly say that the income exhibit for the
twelve months is flattering in the extreme. After
setting aside $3,000,000 as a contribution to the fund
for permanent improvements and renewals, a surplus
balance remained on the operations of the twelve
months over fixed charges and expenses in amount of
$11,815,176. Income from investments added $2,380,560 more, bringing the total up to $14,195,736.
.
movement one mile was reduced (revenue freight)
from 3,250 millions to 3,171 millions. As a result,
than $1,504,620, and
this loss in the freight business would have been more
seriously felt except for the expansion in the earnings
from passengers, mail and express. Still, notwithstanding the gains in these departments gross earnings
from all sources as already stated, declined $917,982.
The call for the 7% dividends paid was $9,058,360,
There was, however, still another serious drawback,
one
which
there
was
other
deduction
of
besides
namely floods and adverse weather generally in the
$364,500, leaving a balance for the year over all Southwest. During January and February, for incharges and dividends in amount of $5,137,376.
stance, gross earnings decreased $632,729, being about
freight earnings
fell
off
no
less
,
,
two-thirds of the decrease for the entire year.
in those
THE ROCK ISLAND COMPANY REPORT.
The Rock
Island
Company had
months
and
extremely unfavorconditions, almost without precedent,
able weather
Owing
was
especially that
unfavorable condi- caused serious and costly interruption of
tions to contend against in the late fiscal year,
It
traffic.
to the shrinkage in income, as a result of the
In the circumstances mentioned, the Chicago Rock Island &
previous fiscal year, it will be recalled, conditions had Pacific Railway paid dividends of only 6^
as against
The Rock Island Company in
also been unfavorable; though in that period of twelve 8% the previous year.
having
received
less
in dividends and having
months there was an increase of $592,871 in the gross turn,
that fact of course
reflected in the results.
is
%
earnings, there
sum
was a
of $3,122,857.
loss in
No
,
net earnings in the large somewhat larger interest charges to meet on the out-
part of this loss was recovered standing bonds of the Chicago
Rock Island &
Pacific
In fact, there was a further Railroad, had to draw on accumulated surplus to a
loss in net in amount of $201,298, while at the same small extent in order to meet the 4% dividends which
time there was a falling off in the gross earnings in the are being paid on Rock Island Company preferred
in the year
sum
under review.
of $917,982.
These figures refer to the operations of what is
known as the Rock Island System, comprising the
lines operated by the Chicago Rock Island & Pacific
Railway Co. The Rock Island Company as distinct
from the Chicago Rock Island and Pacific Railway Co.
is simply a holding company, it owning the entire
capital stock (except directors' shares) of the Chicago
Taking the combined statement of the Rock
Island Company and the Chicago Rock Island & Pacific
Railroad Co., available income for the twelve months
was $1,826,108 and the call for the 4% dividends
Accumulated surplus, therefore, which
$1,950,210.
June 30 1904 had been $185,145, was drawn down to
$61 ,043 on June 30 1905.
shares.
Fortunately
conditions
during
the
current
or
Rock Island & Pacific Railroad Co., which in turn new fiscal year promise to be much more favorowns the greater part of the capital stock of the Chi- able. This is particularly true regarding the agriculcago Rock Island & Pacific Railway Co. already re- tural outlook and in a very marked degree. The
The Rock Island Company also holds con- wheat crop in the Southwest the present year is much
ferred to.
—
(through the ownership of 288,819 shares of com- larger than that of last year, and in addition the corn
mon stock) of the St. Louis & San Francisco Railroad crop will be heavy. Our readers may remember that
trol
—
THE CHRONICLE.
Oct. 21 1905.1
m
1215
and supplies on hand) aggregated 820,166,184,
the extensive investigation into crop conditions
made by the Commercial National Bank of Chicago in
of
was pointed out that in Missouri, Kansas. Oklahoma and Indian Territory— the principal
the condition of corn was
States in the Southwest
RAILROAD GROSS AND NET EARNINGS FOR
AUGUST.
August
last,
rials
which $8,720,513 consisted
of actual cash.
it
—
each of those States reporting
increases varying from 30% to 479? over last year. Fur-
exceptionally good,
and net earnings of
United States railroads for the month of August
thermore, stress was laid on the tact that such splendid
shows $10,987,091 increase in gross, or 9.63%, and
prospects had not happened simultaneously for two
$2,721,032 increase in net, or 6.72%, as compared
decades or more. Usually, when there has been an
with the corresponding month last year. And this
abundant crop of corn in Missouri, that of Kansas has
improvement is participated in by all but a small body
been short, and vice versa. This year they have "hit
of roads, though among these latter there are some
it off together" and with their neighbors to the South,
which have sustained quite heavy losses. The reason
will have a "bumper" crop.
for the falling off in these instances is found in two
The financial transactions of the year were decidmain causes, either (1) the absence of the passenger
The total of first and refunding
edly important.
traffic to the World's Fair at St. Louis, which was a
mortgage bonds of the Chicago Rock Island & Pacific
feature in 1904, or (2) the embargo upon traffic resultRailway Co. issued was increased by $24,414,000
ing from the yellow fever at New Orleans and some
from S19.274.000 to S43.688.000. In the amount outother points in the Gulf States.
standing in the hands of the public the increase was
January 1 to August 31.
August.
really S32.438.000. for the whole of the $19,274,000 of
(89 roads.)
(95 Toads.)
Inc. or Dec
1904.
1905.
1904
1905.
Inc. or Dec.
these bonds issued the previous year was still unsold
$
S114,112,603
+10,987,091
860,301,3941798,
125.099.694j
787.701 + 61,513.633
at the end of the year, while of the $43,688,000 issued Gross
Exp
81.897,950: 73,631,891 + 8,266,059 605.423,430 5oO,022,S18 + 45,400,018
June 30 1905 only 811,250.000 remained unsold in the
Net 43,201,744] 40,480.712 + 2,721,032 254.877,958 238,764,943 + 16,113,015
It will be remembered that a sale of $25,treasury.
It should be noted that for August we are not com43S.000 of these bonds was made last December and a
paring with figures last year that had recorded defurther sale of 87.000,000 in April 1905. As against
creases in earnings.
On the contrary, our tabulations
the increase in the first and refunding bonds, some of
in August 1904 showed increases in both gross and net.
the temporary obligations which appeared a year ago
The increase in the gross then was trifling, amounting
have been retired. For instance, the $4,500,000 colto only $155,892, but the improvement in the net at
lateral trust notes and the $5,000,000 one-year notes
that time was $2,254,781, this following from a notehave been retired.
worthy saving in expenses. The large augmentation
Furthermore, the Chicago Rock Island & Pacific
in expenses disclosed the present year is no doubt conRailway made some important acquisitions during the
nected with this saving last year. In addition, there
year.
It bought 187,900 shares of the capital stock
is always a tendency to be liberal in outlays when earnof the Chicago & Alton Railway Co. at a cost of $10,ings are large, and furthermore the cost of operating
Of the total, 44,700 shares consist of pre000,000.
the roads is all the time being added to through inferred stock and 143,200 shares of common stock, the
creases in wages and other similar circumstances.
combined amount being somewhat less than one-half
The following will show the August totals for a series
of the issued and outstanding stock of the Chicago &
Our compilations
of the gross
.
.
Alton.
President Winchell, in referring to the pur-
chase says
,
it is
"will prove a profitable investment
Arkansas Southern Railroad. Co.,
which appears to be a very prosperous
ating 101 miles of line.
little
The company
road oper-
likewise pur-
chased during the year 52,500,000 of the 5% bonds
(which latter were subsequently marketed) and $2,-
Year
Year
Given.
Preceding.
$
52.240,197
66,842,723
77,846,913
81.952,795
92,067,423
108,575,332
105,390,629
121,050,739
119,821,635
125,099,094
55,319,991
58.687.S15
7o,324,949
70,965,451
85,191.125
96,440,678
102,111,428
105,267,446
119,665,743
114,112,603
Year.
Aug
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
Jan.
I
to
[903
1901
1905
{Increase or
Decrease.
S
AUQ. 31.
393.203.060
423.330,079
537.835,201
510,901,578
038,873,653
069,521,144
663,069,452
774,778,127
304,883.344
860.301,394
-'Hi
1897
1898
1899
1900
1901
1(102
capital stock of the
Net Earnings.
Gross Earnings.
believed that this large interest in that
by w*ay
of securing an advantageous interchange of traffic and
mutual co-operation between the Chicago & Alton and
the Rock Island owned and affiliated properties."
Through the issue of its first and refunding bonds,
the Chicago Rock Island & Pacific Railway Co. was
also able to take 84,500,000 of equipment gold bonds
Furthermore,
of the Rock Island Improvement Co.
the company acquired all of the issued and outstanding
company
of years past.
383,273,176
109,582,045
491,579,312
472,605.134
566,023,119
605,129,615
022.441,799
673,253,2X9
818,686 917
798,787,761
—3,079 ,794
+ 8,154 90S
+ 1.521 964
+ 10,987 ,344
+ 6.876 .298
+ 12.134 654
+ 3.279 201
+ 15,783 ,293
+ 155 S92
+ 10,987 091
+ 9,929,884
+ 13,748,034
+ 46,255,889
+ 44,296,444
+ 72,250,534
+ 64,391,529
+ 40,627,653
+ 101524838
— 13,803,573
+ 61,513,633
Year
Given.
S
17,418,959
24,228,620
27,942,001
29,730,968
33,216,118
40,548,771
35,928,409
41,282,319
43,168,250
13.201,744
116.931,633
132,236,014
170.052,977
104,047,998
204,436.624
229 145,002
21 1,936,275
243,900,572
239 210,010
254,877,958
I car
Preceding.
Increase or
Decrease.
19,023,398
19,592,109
28,189,822
25,200,009
31,032,360
34.210,061
37,776,146
35,747,474
40,913,469
40,480.712
—1,604,439
114,390,911
120.328.688
154,608,627
147.32S.S09
180.439,830
197,778,041
206,847,797
213,609,704
259,144 087
238,764,943
+ 4,030,451
—247,221
+ 4,530,959
+ 2,183,758
+ 6,338,710
—1.847.737
+ 5,534,845
2,254,781
+ 2,721,032
+ 2,540,722
+ 11,907,326
+ 15,444,350
17,319.189
+ 23,990,794
+ 31,060,421
t
i
I
S, 088,478
I
30. 290. 80S
+
19.933,471
16,113,015
-
I
—
In 1896 the number
1897. 135; In 1898, 138; In
1903, 114; In 1904, 100; in
or the coal-mlnlnsc operations
Note.
In
in
Among
of roads Included for the month of Auuust w;is 127;
1899, 113; In 1900. 129; in 1901. 110; in 1902 105:
We no longer include the Mexican roads
1905, 95.
of the anthracite coal roads in our totals
the separate roads, the gains, particularly
400,000 of the capital stock of the Consolidated Indi- in the gross, are large and numerous. The losses are
ana Coal Co., owning valuable coal properties in confined to the classes of roads already mentioned,
Indiana, Illinois and Iowa.
It is stated that the namely those which have suffered loss of the passenger
future coal supply of the lines of the system has thus traffic to the World's Fair and those which have been
been safeguarded, while the traffic of these lines is sure adversely affected by the yellow fever. There are a
to be benefited by this ownership.
From the bal- few instances of companies which have suffered from
sheet
it
System is both causes. In the net earnings the decreases arc
appears
that
Rock
Island
ance
the
plentifully supplied with cash.
The current liabilities slightly more numerous, occasioned by the augmentaJune 30 1905 were $6,484,914 and the deferred liabili- tion in the expense accounts. The Illinois Central
ties
SJ. 119,758,
making $8,604,672;
as
against
this
the current assets (not counting $5,403,928 of mate-
has $249,381 decrease, the Yazoo
$213,130 decrease, the
Louisville
<V
&
Mississippi Valley
Nashville 817'.)-
THE CHRONICLE
12lG
493 decrease, the Chicago
Vol. lxixi.
&
Alton $136,660 decrease, returns only as to the gross. In the table we now give
the St. Louis & San Francisco $107,390 decrease, the we show these roads and add their earnings to the total
On of the gross in the above.
St. Louis & Southwestern $65,923 decrease, &c.
the other hand the Union
Pacific has
$467,478 gain,
ROADS REPORTING GROSS BUT NOT NET.
the Pennsylvania $436,000 gain, the Southern Pacific
Below we indicate
$386,403 gain, &c, &c.
changes for amounts in excess of $30,000, whether
creases or decreases, both in the gross
and the
in-
net.
PRINCIPAL CHANGES IN QROSS EARNINGS IN AUGUST.
Penna
RR
(2 rds)
2/?2, 519,000
Union Pacific.*.Southern Pacific
946,646
812,565
584,778
x538,023
527,735
522,698
437,793
425,720
322,496
306,730
302,879
268,813
265,284
262,351
216,983
192,712
191,811
180,236
158,767
147,500
140,040
105,743
101,828
91,246
89,169
82,500
80,384
Rock Island System
Phila
&
Reading:..
& Ohio
& Santa Fe. . .
& Western
Baltimore
Atch Top
Norfolk
Lehigh Valley
Canadian Pacific.
Minn St P & S S M
Erie
Central of
Increases.
ItICT€G&('$
New Jersey...
Denver & Rio Grande. .
Chicago Mil & St Paul..
Southern Railway
Gr. Trunk of Can (3 rds)
Mo Kansas &
Texas...
Louisville & Nashville..
Atlantic Coast Line
Chesapeake & Ohio
St Louis & San Fran
Colorado & Southern...
Central of Georgia
Wheeling & Lake Erie..
Chicago Great Western.
West Jersey & Seashore.
N Y Ont & Western
& Den City...
ij n
A St Louis
Huff Roch & Pitts
Chic. Ind'p'lia & Louisv.
Dul So Shore & Atlantic.
Ft Worth
Ali
Pacific Cou.st
Cinn New Or! & Tex Pac
Wisconsin Central
Long Island
Buffalo it Susquehanna.
NY
& Western...
Cleve Cin Chic & St Louis
Virginia & Southwestern
Kanawha & Michigan
Susq
380,242
72,239
71,351
49,195
47,992
39,497
39,281
38,909
38,589
36,436
34,188
32,168
31,614
31,270
Total (representing 45
roads)
$11, 465,404
Illinois
Central
Chicago
&
$229,083
198,373
136,764
125,109
33.6S2
:
Alton
Yazoo & Miss. Val
Hocking Valley
Total (representing 5
roads)
&
Iron
$723,011
Increases.
Penna
2/436,000
RR
(2 rds)
&SSM
St P
Central of New Jersey..
Lehigh Valley
Phila & Reading
Minn
Atch Top & Santa Fe...
Denver & Rio Grande..
Grand Tr of Can (3 rds).
Norfolk & Western
Wabash
&
Buff Roch
Pitts.
Southern Railway
Rock Island System
Chesapeake
&
Ohio
West Jersey & Seashore.
Minn & St Louis
Erie
Baltimore
Wheeling
& Ohio
& Lake Erie..
Increase.
Decrease.
$
$
10,987,091
%
?
Macon & Birmingham
Missouri Pac Svs(2 rds)
Mobile Jack & Kansas Cil
(inelGulf &ChicDiv)..
N. Y Cent & Hudson Riv.
Northern Pacific
Texas & Pacific
Texas Sabine Val
.
& N W.
Toledo St Louis & West..
Toronto Ham & Buff
Total (115 roads)
p. c.)._
1]
199,281
7,935
18,532
37,395
103, 0M
10,809
3,974,000
108,545
158,335
4,929,010
977,702
3,452,169
185,722
23,362
451,254
10,269
4,093,000
Z56.558
8,146,195
4,998,712
811,721
12,000
387,801
57,024
245,898
7,321,270
4,371,174
898,887
11,900
364,332
49,687
22,639
432,293
51,^7!*
305,137
29,511
6,752
45,846
540
119,000
10,660
824,925
627,538
87,166
100
23,469
7,337
154,972,550 141,867,46M3,375,117
13,105,089
270,028
Increases.
Chicago Great Western.
Fort Worth & Den City.
California Northwest
$39,658
39,133
38,125
386,403
263,715
237,824
Total (representing)
237,099
28 roads)
$3,588,629
217,321
2164,555
D€CT€dS€S
157,724 Illinois Central _
$249,381
137,378 Yazoo & Miss. Val
213,130
97,330 Louisville & Nashville..
179,493
91,011 Chicago & Alton
136,660
90,947 St Louis & San Fran
107,390
69,355 St Louis So Western
65,923
64,763 Nash Chatt & St Louis.
63,017
62,575 Kansas City Southern.
50,089
60,367 Phila Bait & Wash
48,700
52,700 Hocking Valley
39,176
46,725 Long Island
33,040
45,497
44,832
Total (representing 11
40,114
roads)
$1,185,999
x These figures are for the Railroad Co.; the Coal
reports an increase of $16,886.
&
Iron
x Figures here are for the four weeks ending Sept. 23.
In this
gross for
way it will be seen the improvement in
the month reaches $13,105,089, the total
Company
y These figures cover only lines directly operated east and west of
Pittsburgh and Erie. The net on Eastern lines increased $382,400 and
the net on Western lines increased $53,600.
the
for
1905 at $154,972,550 comparing with only $141,867,-
be added that last year the
on the same basis was $734,020,
August 1903 the gain aggregated no less than
Company 461 for 1904.
PRINCIPAL CHANGES IN NET EARNINGS IN AUGUST.
Southern Pacific
Canadian Pacific
1904.
Decreases.
Wabash
y These figures cover only lines directly operated east and west of
Pittsburgh and Erie. The gross on Eastern lines increased §1,667,600
and the gross on Western lines increased $851,400.
$467,478
1905.
Reported above <'.).' roads 125,099,69!
Ala New Orl & Tex Pac—
New Orl & Nor East..
191,346
Alabama & Vicksburg..
84,629
Vicks Shrove & Pacific.
71,1 60
California North Wi
ISO, 974
Chicago North Western
6,361,303
Chic St Paul Minn A: Om. 1,028,981
Great Northern
3,757,306
Montana Central
215,233
Illinois Southern
30,114
Internat & Gt Northern..
497,100
Net increase (9.23
x These figures are for the Railroad Co.; the Coal
reports a decrease of $1,850.
Union Pacific
August.
all
It should
increase in gross
while in
$17,562,898
large
— thus
presenting
a
striking
record
of
and continuous improvement.
ITEMS ABOUT BANKS, BANKERS AND TRUST
—The public
sales of
bank stocks
this
CO'S.
week aggregate 250
Exchange
shares, of which 190 shares were sold at the Stock
The transactions in trust companyThe following table
shows the sales of bank and trust company stocks made
during the week either at the Stock Exchange or at auction:
and 60 shares at auction.
stocks reach a total of only 13 shares.
BANKS— New
Low. High.
285
285
201
Commerce, Nat. Bank of.. 200
Fourth National Bank
210
210
510
510
Liberty National Bank
New York, N.B. A.,Bk. of310J4 31034
TRUST COMPANIES— New York.
1090
3 N. Y.Lifelns. & Tr. Co.,.1090
750
750
10 Trust Co. of America
Shares.
zl2
3158
x20
25
35
York.
City Bank, National
H
Close. Last previous sale.
1905—
1905—
210
Feb. 1905—
510
May 1905—
310J4 Sept. 1905—
285
200M
1090
750
Sept.
Oct.
Oct.
292?£
2021^
210
530
311J4
1905—1090
June 1905— 770J4
x Sold at the Stock Exchange.
arranged in groups, every group of roads reWe think we voice the sentiment of the returned delecords improvement in gross except the Middle Western,
when we commend the bankers of Washington, D. C,
gates
which latter with the Southern group forms the only
for their unsparing efforts in making last week's convention
exception in the case of the net earnings. The sumof the American Bankers' Association such a noteworthy
mary by groups is as follows:
Compared to the large financial centers like New
affair.
When
—
SUMMARY BY GROUPS.
York, Chicago or Philadelphia, the financial resources of
Washington are comparatively limited, and it is to the
Section or
Gross Earnings.
Net Earnings.
credit of the city that its bankers, from bank president down
Group
1905.
1904.
1905.
1904.
Inc. or Dec.
to bank clerk, worked unremittingly for months toward
August
S
$
$
$
$
P.O.
making this years's convention a great success.
Trunk L (10) 36,992,003 33,648,879 12,501,257 11,785,854
+
715,403 6.06
Anth. Coal(5)
9,605,858
8,258,730
4,245,847
3,b07.641
+ 638.206 17.68
Every feature of the week's interesting program as at
East&M (15) 4,955,601 4,665,032 1,871,104 1.751.476
+ 119,628 6.83
Midwest (13)
7,811,902
7,973,165
2,517.987
2,834,082
—316,095 11.15
first planned was faithfully executed by the various standNor West &
NorPac (13 19.007.058 16,838,598
7,422,386
6.289.085 + 1,133.301 18.02
The chairmen of these committees in
ing committees.
So West &
So Pac (15) 28,301,509 25,574,957
9,445.166
8.801,551
643,615 7.31
+
Convention
were: John Joy Edson, Executive
Southern (24) 18,425,763 17,153,242
5,197,997
5.411,023
—213,026 3.93 charge of the
Committee; Charles C. Glover, Chairman, and Milton E.
Total (95). 125,099,694 114,112,603 43,201,744 40,480,712 + 2,721,032 6.72
Vice-Chairman, Reception; A. F. Fox, Finance; WillAiles,
Mexican (4).
4.397,215
3.040,131
1,445,740
1,219,662
226,078
+
18.53
iam A. Mearns, Banquet; C. J. Bell, Entertainment; Albion
Jan. 1 to Aug. 31.
Trunk L (10) 262,826,000 243,704,819 71,345,802 68,215,994 +3,129,808 4 58
Anth. Coal (5) 68,709,204 62.811,252 28,456,381 25,154.565 + 3,301,816 13.12 Keith Parris, Potomac River Excursion; Clarence F. NorEast&M (13) 32,950,600 30,596,429 8,844,972 8.446,273
+ 398,699 4.72
Mid West (12) 52,999,93S 52,422,190 13,770,083 14,586,116
—810,033 5.55 ment, Excursion to Fort Meyer; W. B. Hibbs, Excursion to
Nor West &
Mount Vernon. Mr. Charles E. Howe was an active member
NorPac(12) 124,S65,S83 114,181,735' 44,285,242 38,079,403 + 6.205,839 16.29
So West &
So Pac (15) 202,412,621 186,728,616 55,333.289 52,735,741 + 2,597,548 4.92 of both the Press and Entertainment committees.
Southern (22) 115,537.148 108,342,720 32 836,189 31,546,851 + 1.289,338 4.08
The formal reception Friday night, the 13th hist., given by
Total (89). 860.301,394 798.787.761 254.877,958 238,764.943 + 16,113.015 6.75
the Bankers' Association of the District of Columbia in the
Mexican (4). 34,760,711 34,139,351 11.445,718
9.936.859 + 1,508,859 15.18
grand assembly rooms of the New Willard Hotel, decorated
especially for the occasion with beautiful autumnal foliage
Besides the roads which contribute reports of gross and flowers, was a fitting climax to a week of delightful
and net earnings, there are some others which make entertainment. Each of the 2,500 bankers and ladies pres-
THE CHRONICLE.
OOT. 21 1905.|
ent were met on their entrance in the reception room by Mr.
Milton E. Ailes, Vice-President of the Riggs National Bank,
and personally presented to Mr. John Joy Edson, President
Bankers' Association, and
the District of Columbia
of
Mrs. Edson; Mr. Charles (\ Glover, Chairman Reception
Committee; Commissioner II. B. F. Macfarland, President
Board of Commissioners of the District of Columbia, and
All parts
Mrs. Ifaefarland, and others in the receiving line.
animated
in
gathering
the
country
were represented
of the
that moved hack and forth while a large orchestra played in
Later in the evening, after the
the crowded ballroom.
guests were served with a tine supper, dancing was enjoyed
by the young folks. Several of the prominent officials and
citizens of the Capital attended the reception.
Many
of Un-
delegates and their families stayed over in Washington until
week before departing homeward, some of them also
Nothing contributed more to
stopping at cities en route.
this
the personal convenience of the Associations' members during
their stay in Washington than the telegraph and long-dis-
tance telephone facilities placed at their free disposal by the
committees.
local
— R.
Ross Apple ton, President of the Fourteenth Street
was this week appointed receiver of the
Cooper Exchange Hank by Supreme Court Justice Cochrane
Albany.
After the affairs of the defunct bank are
at
liquidated, the Fourteenth Street Bank will open a branch
in the Cooper Exchange Bank's location.
Mr. Appleton
Hank
of this city,
serves gratuitously.
—At a meeting on October 12 of the directors of the Mutual
Bank
Otto M. Eidlitz was unanimously elected
to the bank's board.
of this city,
1217
German-American Hank, is to be President of the enlarged
The consolidation will not go into effect for
some time.
The differences between those who were supporting the
plan submitted by Hugh L. Bond Jr. for the reorganization
institution.
—
Maryland Trust Company of Baltimore and those^who
Opposed its adoption (referred to in our issue of October 7)
have been adjusted. An agreement has been signed by Mr.
Bond, representing the New York interests, and Bernard N.
Baker, representing the opposing committee of Baltimore
banking houses, whereby it is stipulated that all stockholders
depositing their stock before a specified dab; will receive $35
of the
cash (instead of $2.r>, the former offer,) for each share of stock
so deposited and the rights appertaining thereto under the
It is required, however, (hat stockholders desiring to
plan.
accept this cash offer instead of participating in the bond
plan shall signify their intention in writing at the time the
stock is deposited.
The offer is conditioned upon the deposit
outstanding stock, and is made,
according to an announcement bearing the signatures of Mr.
Bond and Mr. Baker, "because, after a fair and full consideration of the Bond plan, and a knowledge of what the
interests behind it propose to do, it is believed that the
rights of the stock deposited under the plan will more than
justify us in making the above alternative offer of $35 per
share for each share so to be deposited.'.' The time in which
of at lea-t two-thirds of the
deposits of stock
must be made,
originally limited to October
14, has been extended to 12 o'clock noon October 21 (to-day).
Unconfirmed rumors of a plan to merge the Maryland Trust
with the Baltimore Trust & Guarantee Company, of which
Mr. Baker is President, have been prevalent the past week.
—The
—The
proposition to increase the capital of the First
Greenwich Bank, one of the oldest institutions in
National Bank of Scranton, Pa., from $200,000 to $1 ,000,000
the city, has increased its dividend rate from 6% to 8% per
was endorsed by the stockholders on the 10th inst. As
annum by the declaration this week of a semi-annual
noted in a previous issue, the increase will be effected
dividend of 4% payable Nov. 1. The bank has paid 6%
through the declaration of a stock dividend of 400%.
annum for the past fifty years. In the past five years
deposits have risen from $914,866 37 to $4,459,884 16.
per
— George F. Vietor, of Fred.Vietor
& Achelis, and George
Jenkins, President of M. Hartley Co., were this week
chosen trustees of the Washington Trust Company, 280
W.
Broadway, filling the vacancies caused by the deaths
John F. Anderson Jr. and J. Frederick Chamberlin.
— George
of
W. Young & Company
of this city have issued
under the title of "Comparative Statements of Trust Companies in the State of New York." The
book shows all the items of resources, liabilities, income and
various other statistical matter for all the separate companies in New York State.
Moreover, it gives the figures
for each company for each of the last ten years from 1894 to
1904 inclusive.
In form and arrangement the book could
hardly, we believe, be improved upon.
The statements
have been compiled from the annual reports to the Superintendent of Banking. The book also shows officers and directors on December 31 1904, as well as those on the same date
in 1894, except in the cases of companies organized subsequent to 1894, when the officers at the date of organization
are shown.
A double page is devoted to the statistics of
each company. Comparative figures showing the aggregate.- of all the trust companies in the State are also given.
Altogether, the book forms an exceedingly useful publication, and it is very handsomely gotten up, too.
The figbeen compiled by the Audit Company of New
ure
a valuable publication
York.
—
—
The Enterprise National Bank of Allegheny, Pa., was
ordered closed by the Comptroller on Wednesday, following
the suicide of its Cashier, T. Lee Clark. The affairs of the
bank had recently been under investigation by Comptroller
Ridgely and State Banking Commissioner Berkey and his
Assistant, John W. Morrison.
According to the Pittsburgh
"Dispatch," "paper to the estimated face value of $700,000
on which it is alleged the bank could not recover is said to be
the cause of the insolvency."
"It is also alleged," to quote
the same authority, "that $400,000 was loaned to the Pennsylvania Development Company and the Santa Fe Central
Railway, in which Cashier Clark, W. H. Andrews, Arthur
Kennedy and F. J. Torrance were interested." In a statement issued by the officers of the Santa Fe Central Ry. Company and the Pennsylvania Development Company subsequent to a special meeting on Thursday it was said: "The
railroad company "has no notes out.
We are not aware of
any notes of the Pennsylvania Development Company in the
Kntcrprise National Bank and the company has no record of
such.
If, however, Mr. Clark used any notes of this company
in his bank they will be paid."
The bank was organized in
1870; in 1895 it was reorganized as a national institution
with a capital of $200,000.
Its last statement showed deposits of a little over two million dollars. It is reported that
several hundred thousand dollars of current funds of the
State are held by the bank.
These State funds are understood to be amply secured by bonds.
Bank Examiner
John B. Cunningham is in charge of the institution.
—
Frederick Pi. (been, Cashier of the failed Fredonia
National Hank of Fredonia. X. Y., was indicted on the 12th
in.-t. in the United State- District Court at Lockport.
The
The Indemnity Savings & Loan Company of Cleveland,
Ohio, has made an assignment to H. R. Sanborn. This
action followed the application made last Friday by State
i- -aid to charge the making of false reports to
the Comptroller, the making of false entries in book- of
the bank, and the abstraction and misapplication of the
charter,
indictment
institution's
funds.
—The National Hank of Rochester,
X. V., ha- been incorporated with a capital stock of 1800,000 a- successor to the
Flour City National Hank and the German-American Bank
Rochester—the consolidation plan- of which were mentioned in the 'Chronicle" of August 19.
Eugene Batterlee,
Granger a. Eollister, Walter M. Duffy, E. Frank Brewster,
of
W.
C.
Harry and Albrecht Vogt are
porators.
Kugene
Batterlee,
the
tie-
new bank'-
present
head
incor-
of
the
Attorney General Ellis for the rescinding of the company's
on the alleged charge of gross irregularities.
A
to
tieinstimotion
quasb the ouster suit has been filed by
While the company engaged in a general banking
tution.
the
business, this was but a minor feature of it- be u
principal feature being a general building and loan bu Ln<
It
i-
claimed by the
perfectly solvent
—The
officers
of
the
institution
and that the depositors
will
that
be paid
Indiana Hanker-' Association will meet
in annual
convention on Wednesday and Th
If.
[ndianapolis.
Church, Cashier of tieC.
County Nation.,] Hank of Muncie, Ind., will
at
it
s
i-
in full.
cl
week
,
in
Delawart
disCUSfl
a
THE CHRONICLE.
12(8
proposition for the guaranteeing of deposits of banks within
the State, by whieh depositors, in the evenl of the failure of
any institution belonging to the association, would be paid
v <>j
.
lxxxi
ranted and absolutely unjustifiable attack." The bank was
able to meet all demands upon it, and by Monday all evidences of the run had practically disappeared.
in full.
—
The Federal National Bank of Clin ago, lately organized
by Isaac N. Perry, began business on Monday. The insti-
A NOTABLE GATHERING OF PROFESSIONAL ACCOUNTANTS.—The amalgamation of the Federation of
corner of Madison and
La Salle Street, in the quarters formerly occupied by the
Metropolitan Trust & Savings Bank.
It is said to be the
intention of President Perry to increase the capital, now
$500,000, from time to time until it reaches $1,000,000.
Accountants with the American AssociaAccountants on October 17th was followed
by a banquet at the Hotel Astor which was attended by a
number of men prominent in financial, legal and commercial
tution
There
is
located at the northwest
The board
a surplus of $50,000.
is
of Mr. Perry, Cashier Charles J. L. ECressman,
John A. Montelius, Charles H. Wilcox and B. F. Weber, the
last named President of the National Brick Company.
is
of directors
made up
—The annual convention
Nebraska Bankers' Association will be held next week, on the 24th and 25th inst., at
Lincoln.
The following addresses are on the program:
"The Resources of Western Nebraska," by A. C. Shallenberger, President of the Bank of Alma at Alma, Neb.;
"Observations on Foreign Banking," by Edwin Jeary,
of the
President First National Bank of Elmwood, Neb.; "The
Banker of the Future," by G. W. Wattles, Vice-President
United States National Bank of Omaha; "Equality of
Opportunity," by Hon. L. Y. Sherman, Lieutenant-GovIllinois; "Bankers and Public Opinion," by C. M.
Brown, President First National Bank, Cambridge, Neb.;
"Modern Corporations and Their Relation to Existing
Laws," by ex-Comptroller of the Currency Charles G.
Dawes, President of the Central Trust Company of Illinois
at Chicago; "Nebraska," by Chancellor E. Benjamin Andrews of the Nebraska State University and an address by
Hon. Leslie M. Shaw, Secretary of the United States Treasury.
F. T. Hamilton, Vice-President of the Merchants'
ernor of
National Bank of Omaha, is Treasurer of the Association.
The Secretary is William B. Hughes of Omaha.
—
The Western National Bank of Louisville, Ky., to
whose reorganization we referred last week, re-opened for
business on Monday the 16th inst. The bank is located in
its new building at Third and Market streets.
—
The opening of the new Hamilton National Bank of
Chattanooga, Tenn., occurred on the 10th inst. The bank
has a capital of $250,000, which, with the shareholders'
It is
liability, gives a total responsibility of $500,000.
stated that at the end of the first day's business the deposits
reached almost $400,000.
The
institution
is
equipped with
a safe deposit vault, and includes in its business the operaWhile the individual
tion of a foreign exchange department.
shareholders in the Hamilton National Bank and the Ham-
&
Bank
are to some extent identical,
the same, both are to be mainT. R. Preston, President
tained as separate institutions.
of both concerns, will devote his whole time to the managePreston, nominally
ment of the Hamilton National.
Cashier of the latter, will give his entire attention to the
ilton Trust
and the
Savings
officers partially
CM.
Hamilton Trust
—
&
Savings.
Societies of Public
tion of Public
Mr. Franklin Allen presided as toastmaster of the
Over one hundred and sixty guests were present.
Hon. Paul Morton, former Secretary of the Navy, responding to the toast "The President of the United States,"
dwelt at some length on the all-round activities of the President and then said "I believe that I am voicing his sentiments when I say that every great corporation of this country
should be investigated or audited at least once a year by
public and independent accountants so that investors
might be kept posted and protected, directors informed
and employees led not into temptation. Publicity is sure
to come and the time is near at hand when doctored bookkeeping will be treated in the same vigorous way that
other malpractice is."
Comptroller Grout, whose theme
was "The City of New York;'.' spoke briefly on the importance of Public Accountants as a body and their usefulness in the Finance Department of the City.
Jacob H. Schiff and Isaac N. Seligman were down for
the toast, "Finance." Mr.
Seligman had been unexpectedly called out of the city.
Mr. Schiff' s remarks were
particularly interesting.
He said in part "I am willing
to admit that the success and reputation of my own house
have in no small degree been furthered by the guidance
it has received in many instances from the men of your
profession in the consideration of large and important
business propositions which are being brought before it.
It is a fact that the advice thus obtained has led to the rejection of a considerably larger number of propositions
than have been found acceptable, greatly to the safeguarding of our good name and reputation."
He warned the
accountants present that too favorable an aspect should
not be placed by them upon undertakings under investigation and made several suggestions along the lines of the
increased usefulness which he felt was at hand from the
Public Accountant.
He spoke briefly on the recent disclosures in financial affairs, and said further
"With notable
exceptions, directors of great corporations have been thoughtless and too trustful, and in the face of recent developments the lesson need be learned that acceptance of corporate directorship brings definite duties and responsibilities, at least of a moral character, which need be actively
looked after and courageously discharged.
It is just in
this connection that the services of your profession might
with much advantage be called more frequently into requicircles.
evening.
—
—
—
sition."
Other guests who spoke were A. Lowes Dickinson, ExDistrict Attorney Philbin, John R. Loomis, Dr. Young of
the University of Pennsylvania, J. R. Van Wormer of New
York. Ex-President Cleveland in his letter of regret said:
"My experience and observance has led me to look upon
such an organization as this as one extremely useful not
only to the business section of our people, but also to those
who are interested in having the accounts of large enterprises receive such care and attention as to guarantee the
safety of investment; and it seems to me that the greater
the growth of this comparatively new organization, the
better it will be for all of our people."
A run which, according to Vice-President Blaffer, was
uncalled for was experienced by the Germania Savings Bank
& Trust Company of New Orleans on Friday and Saturday of
last week.
At the request of the officers of the company the
New Orleans Clearing House Association on Friday the 13th
appointed a committee for the purpose of making a thorough
examination of the institution's condition. This committee consisted of Charles Janvier of the Canal-Louisiana
Bank & Trust Company; A. Baldwin Jr. of the New Orleans
National Bank; Charles Godchaux of the Whitney-Central
National Bank; J. H. Fulton of the Commercial National
At the business sessions of the consolidated associations
Bank and Charles H. Culbertson of the State National Bank. held earlier in the afternoon, the following officers were
As a result of the examination, the committee announced elected: John R. Loomis of New York, President; A. Lowes
that it found "the bank deserving of the confidence it has Dickinson of New York, Vice-President; Guy H. Kennedy
always enjoyed; that its condition is absolutely sound, and of Ohio, Treasurer. Together with the officers, the Executhat if called upon to do so it could pay to every depositor tive Committee chosen includes: Elijah W. Sells of New
every cent due and have left for distribution among its York, Harvey S. Chase of Mass., Robert H. Montgomery
stockholders a surplus of $898,908 88."
The committee of Penn., and Franklin Allen of New York. The fusion
further stated that by virtue of the authority vested in it by of the Federation of Societies of Public Accountants with
the unanimous vote of the Clearing House Association, it the American Association of Public Accountants reprepledged to the bank "the combined support of all the banks sents the union of the chief societies of the profession throughbelonging to the association, which are fully prepared to give out the United States, having a membership of over five
such help as may be required in this uncalled for, unwar- hundred practicing public accountants.
—
—
TUK CHRONICLE.
Oct. 21 1905.'
There
1219
much
very
is
6
.
uncertainty as to whether the Direc-
tors of the Rank of England will have to put up their rate
The City generally believes that they will have to
t<> .V
Even more careful observers are afraid
do so very soon.
London, Sattirday, Oct. 7 1905.
will
advance
become necessary. All, of course, will
an
'Rank
made
no
that
England
of
directors
of
the
Although the
of gold the United States requires.
amount
the
upon
depend
the
is
week
fear
very
change in their rate of discount this
large,
is
very
a 5% Pate will become necessary,
amount
If
the
long.
general in the City that they will have to do bo before
of
of England is too small to admit.
Bank
reserve
the
there for the
It was expected thai when the rate was raised to i'
The
belief is general among the best,
would be a rise in the Paris exchange upon London and that of large withdrawals.
The ex- informed, both in Paris and in London, that the Rank of
gold, therefore, would be received from France.
.
,
J
has
pectation
actually been a
been
disappointed.
Indeed,
there
has
allow several millions to go to the United States
Indeed, about 22 million francs in gold have
been taken from the Bank of France this week, and the genIf
eral belief is that it was intended for the Toiled States.
fiance
will
That is due to passing
fall in the exchange.
But the fact
circumstances, as will be shown immediately.
disquiets operators, and consequently they are unwilling to
Moreover, the rise in the value of
engage in new risks.
fall
in consols and other first-class secuhas
caused
a
monev
The
lastly,
And,
the Paris Bourse is very quiet.
rities.
if
where between 60 and 70 millions sterling. It is also believed that the issue will be made in New York and London,
as well as in Paris, Berlin and Amsterdam. In Paris the
impression is that the rate of interest will be 4% and the
The general feeling everywhere is that
issue price about 90.
the price is not sufficiently attractive for any but French
A certain amount, of course, will be subscribed
investors.
in Germany, Holland, Belgium and Switzerland, and some
may be subscribed in London and New York. But the bulk
Consequently,
of the loan will have to come from France.
France is making great preparations for the transaction.
And in doing so she has been selling on a considerable scale
This has naturally disappointed and discouraged
in London.
here.
At the same time, the best opinion in Paris
operators
cants for bills at Is. 4 l-32d. and for telegraphic transfers
at Is. 4 l-16d. per rupee were allotted about 6 per cent of
required.
France allows the gold required to go to the
United States, that will immediately relieve London, and it
On the
is quite possible that a 5% rate may be avoided.
to
by
freely
the
Rank
allowed
leave
if
gold
is
not
other
hand,
now
liquidation that has followed the sugar crisis is believed
will
England
have
to
put
up
its
rate.
of
Bank
of
the
France,
Rut it has led to very large sales
to be almost completed.
here
has
stopped
the gold
on French account here in London; particularly, sales of The rise in the value of money
It
mining shares. The securities so sold have, for the most shipments to Buenos Ayres, for the time at all events.
will
be
resumed
conthey
not
for
that
a
expected
generally
is
money
paid
for
to
be
delivered,
and
the
them
been
part, now
That is one explanation of the low siderable time. But if the crops turn out well there will have
is being remitted to Paris.
These, however,
to be further shipments later in the year.
exchange which frightens many observers in the City.
can
Egyptian
and
the
demands. But
with
so
Another explanation is that preparations are being made can be coped
When the Portsmouth Treaty is a large demand for the United States would leave no option
for a large Russian loan.
ratified it is believed that a large loan will be brought out, but for the Bank of England to raise its rate.
The India Council offered for tender on Wednesday 80 lacs
the Paris banks refusing to lend until ratification has actudrafts and the applications amounted to 734 lacs at prices
of
How much the loan will amount to is not
ally taken place.
But it is generally thought that it will be for some- ranging from Is. 4 l-32d. to Is. 4 3-32d. per rupee. Applistated.
that the liquidation following the sugar crisis is now
completed, and that the preparations for the
Russian loan and other great operations which are in contemplation are very nearly finished. In Paris, the belief is
is
practically
that the Russian loan will be issued the latter part of this
month, and that immediately afterwards there will be a
decided improvement on the Bourse which will stimulate
business in other countries.
The London Stock Exchange has been somewhat adby the clearness of money in
was
generally
expected
Berlin.
As
by the well informed,
the directors of the Imperial Bank of Germany put up their
versely affected, moreover,
rate of discount to
b%
at the beginning of this week.
Trade
Rank
the
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.
Oct. 4.
Oct. 5.
Oct. 7.
Oct. 8.
£
£
£
£
£
28,676,145
8,281,883
44,404,325
18,044,883
23,977,503
27,682,777
37,903,922
29,271,770
7,402,447
45,384.775
20,085,056
27,263,138
22.288.424
33,110.194
29.863 320
7,500,342
42.695,526
18.822,561
28,940,207
23,029,877
34,718,197
30,056.655
8,273,933
44,771.585
19.516,765
26,312,442
25,091,650
27,373,305
29,773,075
12.015,042
42,258,148
Governm't securities 18,603,329
32,373,591
other securities
Reserve, notes&coin 20,977,869
dep
32,300,944
both
Coin&bull.,
Prop, reserve to liaCirculation..
Public deposits
Other deposits
bilities
Hank
p.c.
p.c.
p. o...
38^
42%
53M
1901.
Oct.
K
43
47%
4
Aa
3
88 15-16
92 15-16
93 1-16
27 9-16d.
26%d.
26 ll-ltirt.
23d.
Silver
Cleai\-house returns320, 138.000 262,214,000 211,726,000 190,779.000 166 407,000
rate
Consols,
2y2
3
88 11-16
'J.
4
88 13-16
a October 2.
The
rates for
money have been
Bank
ot
England rate
4
Sept. 22.
3
3%@3M
5-16
3
3
3'4
3 5-16
3M
4
—
Opt HI market rates
Bank bills 3 months
4 months
6 months
bills—
Trade
3 months
—
—
—
—
as follows:
Sept. 29.
Oct. 6
3M@3%
3V%
>
7
,
4 months
Interest allowed for deposits
3%
4@.4M
4H
2V%
2%
—
4
3
'
,
g
Sept. 15.
3
2%@2
15-16
3%®3Ji
3M
3%@3M
l
2%
1%
discount houses
call
At
-..
2H
7 to 14 days
2%
The Bank rates of discount and open market rates at the
chief Continental cities have been as follows:
By
By
Joint-stock banks
Oct. d.
Rates o]
Interest at
Paris
Berlin..
Bank
Open
Rate. Market.
2%
3%
3Vi
3U
2\i
2%
3
5
m
Sept. 29.
Bank
Open
Rale. Market.
3
m
4
Sept. 22.
Bank
Sept. 15.
Open
Rate. Market.
3
2
4
3H
Bank
Open
Rate. Market.
4
4
wonderfully active in Germany. To some extent this is Hamburg..
5
3M
4
4
Frankfort
3 9-16
3 5-16
5
probably due to the desire of all persons in business to take Amsterdam
2%
2%
2%
2K
2M
Brussels
3
3
3
2%
2H
advantage of the comparatively low customs duties now pre- Vienna
3 7-16
3%
3H 3%
3H 3'A
St. Petersburg
nom.
5Vi»
5H nom
5H num.
come
Madrid
the
new
treaties
will
4
aviling, for
into effect next March.
4
4ft
4'A
3'A
4H
Copenhagen
4
4
4
4A
4
5
However that may be, trade is exceedingly active and specuMessrs. Pixley and Abell write as follows under date of
lation is rampant; so much so, indeed, that the banks have October 5:
GOLD.— The arrival of £800,000 In bars has all been bought up by the United
been warning their customers that they must repay some of
States, but with the drop in the French exchange to 25 141^ we have Paris as a
The return of the Imperial Bank for the last buyer now and the demand Is keen. £5,000 has arrived at the Bank from Austria
their loans.
and £250,000 has been withdrawn for Egypt. Arrivals— South Africa, £679,000;
week of September shows that the demand for banking Australia, £27,000: Bombay, £ 12.000: West Africa. £39.000; West Indies, £25,000;
New Zealand. £24,000; total, £906,000 Shipments— Bombay, £63.500; Madras,
accommodation was greater than at any previous end of £500: total, £64.000.
SILVER. — During the close of last week the market continued to fall, the decline
September. Coin and bullion were withdrawn from the being caused rather by absence of buvlng orders than by any heavy selling, until
28d. was touched for spot on the 30th ult
India then sent buying orders, and
bank to the extent of nearly 6J^ millions sterling and the these, together with some covering orders, caused a sharp recovery on the 2nd Inst.
to -'s ,d
Since then the market has been very oulet with a very moderate busiIn ness, and, although the quotation fell to 28J<d., It has to-day recovered to 28Ud.,
Dote circulation increased by over 27 millions sterling.
and the market closes steady.
dy.
Forward silver has been quoted 7-lfld. to ft&.
consequence of this rush for accommodation and of the under spot and closes at the lal
latter
The shipment quotation In India Is Us TVA,
the spot price being Hs 4 higher.
Arrivals — New Yo
York. £222.000; West Indies,
warnings of the banks there has been some setback in quota- £2.000: New Zealand, £10,000: total, £234,000. Shipments Bombay, £1
Bombay. In coin. £15,750; Hongkong, £26,624; Madras. £2.500; total, £178,124.
lia
But the decline is surprisingly little. In spite of
MEXICAN
ICAN i>6i.i.a'us.'been reported, but
DOLLARS.- No fresh
lias been
tions.
fresh business baa
Dill £87,000 have
arrived from .New York, and, as mentioned above, £15,750
SO have been Kent to ltointhe action of the banks, operator- insisl upon continuing bay.
The quotations for bullion are reported as follows
They believe that the flurry in the
their i-peculations.
Sept. 28.
Oct. 5.
SUA I.
GOLD.
Oct
Oct.
Scpt.2H.
8.
money market will soon be over, and that then speculation
d.
I^mtlon Standard.
lson<inn Standard.
s.
d.
s.
d.
28 7Mar gold, fine, os
silver, line. 01..
Bar
77
9Vii
77
9K
will proceed even more actively than before.
All these
27 15-IC,
28
2 mo. delivery
told coin, 01
76 4*A
70 4ft
German gold coin, oz_fl76 4 4 a76 4ft Bar silver, containing "'
things together have been unfavorably affecting the London French gold coin, oz..a76 4'A a7fi
2* 18-18
5 grs. gold. 01
4ft
Z8W
4 grs. gold. OS—
ci76 4ft
aid 4 ft
Stock Exchange. And probably until there i- :t recovery in Japanese yen, oz
2fl 9 10
its. gold. os.
"i
30 ll-Ui
liver,
30H
Paris and Berlin, there will be no great improvement here.
nom ,U|
nom [
n Nominal.
Mexican dollars
is
•
1
1
II
it
1
'
J
II
:t
*•
THE CHRONICLE.
1220
English Financial Markets
—
Per Cable.
Breadstuff s Figures Brought from Page 70. The statements below we prepared by us from figures collected by
the New York Produce Exchange.
The receipts at We.-tern
The
daily closing quotations for securities, etc., al London
as reported by cable have been ae follows the past week:
—
London
Week ending Oct.
per oz
Consols, new,
2%
Inc..
Thurs.
Wed.
28 11-16 28 11-16 28fi
percent*.. 88%
88 7-10 88 9-16 88 9-16 88M
88 11-10 88%
88 11-16 88K
88«
Paris). _fr. 99.55
99.50
99.27% 99.37H 99.30
Foraccount
French Rentes (in
b Anaconda Mining Co
Atch. Top. & Santa Fe
91JJ
..100%
& Ohio.
118
100
Preferred
.178
Canadian Pacific
58%
Chesapeake & Ohio
Chicago Great Western
22%
CWcTMllw. & St. Paul .. 185%
Denver * Rio Grande, com
35
H~%
llr>
Chicago
ikee..
LOO
100
100
LOO
176%
175%
174%
Dulutta
177%
Minneapolis.
Toledo
Rock
Island
Southern Pacific
.
Southern Ry., common
Union
Pacific,
common
Preferred
U.S.
Steel Corp..
69%
38%
153
34%
70%
37%
102%
135%
75
209
209
189%
189%
136%
135%
38%
22%
44%
77
Receipts al
136
100
Co
1090
140
233
195
Indem. Co
100
39
107%
22
43
21%
43
21%
42%
76%
76%
76
25
100 International
Time
Record Co
bbls.
161,772
48,043
2,780
60,652
68,921
4,976
42,413
12,270
.
Corn
Oats
Rye
1931; J.
When
Cent.
Payable
com
5
3
Oct.
Oct.
Oct.
Oct.
Exports from
—
1
& Indiana
Great Northern (quar.)
Reading, 2nd pref
Rome Wat. & Ogd., guar, (quar.)
Street Railways.
California St., San Fran, (monthly) ..
Dartmouth & Westp., N. Bedford (qu.)
East St. Louis (111.) & Sub. (quar.)...
Northern Texas Trac, Ft. Worth (qu.)
Twin City R. T., Minneap., com. (qu.)
United Traction, Albany. N. Y. (qu.).
Worcester Rys. & Investment
Banks.
American Exchange National
Grand Rapids
1%
1% Nov.
2
Nov.
1% Nov.
90c.
2
Oct.
Oct.
Six
Nov.
Nov.
Nov.
Nov.
Nov.
City, National
4
Nov.
Nov.
Greenwich
4
Nov
Pacific (quar.)
2
Nov.
Miscellaneous Companies.
Amalgamated Copper
American Glue, com
Am. Graphophone,
American Light
&
1
%
1%
1%
1% Nov.
S2
pref. (qu.) (No. 42)
Bethlehem Steel Corp., pref. (quar.)
Butte Elec. Power, pref. (quar.)
ig
Chicago Edison (quar.)
2
H. B.. 1st pref. (quar.)
Second preferred (quar .)
Crocker- Wheeler (quar.)
Internat. Steam Pump. pref. (quar.)..
Municipal Gas, Albany, N. Y. (quar.)..
Pocahontas Collieries, pref. (quar.)
Procter & Gamble, com. (quar.)
Pullman Co. (quar.) (No. 155)
Standard Milling, pref
Trenton Potteries, pref. (quar.)
Claflln,
United Copper, pref. (No. 7)
U. S. Cast I. Pipe & Foundry, com
Preferred (quar .)
United States Express (No. 144)
Worthington, Henry R., pref
Nov
1% Nov.
Trac, com. (quar.)
Preferred (quar.)
NewOrleans
Galveston
Montreal
Mobile
Pensacola
July
Inclusive.
M
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
1%
1%
1% Oct.
1% Nov.
2% Nov.
1% Nov.
3
$2
1
2
3
1
j*
3%
25
25
25
25
1
Oct. 23
Nov. 15
11
week
1 is
212.036,198
167,904,751
Holders of rec. Oct. 12
Holders of rec. Oct. 21
Holders of rec. Oct. 25
15 Holders of rec. Nov
1
1
1
1
1
Holders of rec. Oct. 23
1
Holders of rec.
Oct. 20
to
Oct. 20
to
Oct. 18
to
27
Oct. 25
to
to
15 Holders of rec
1 Oct. 22
to
1 Oct. 22
to
1
1
1
1
1
1
Holders
Holders
Oct. 22
Oct. 24
Oct. 24
20
31
Wheal,
1
Oct.
Nov.
Nov.
15
15
Oct.
Oct.
31
25
26
Holders
Holders
Holders
Oct. 26
Holders
Nov.
15
Nov.
1
Nov. 12
Oct. 31
Nov.
1
Oct.
Oct.
of rec, Oct.
of rec. Oct.
to
Nov.
to
Nov.
31
31
25
27
to
Nov.
1
to
to
Nov.
Nov.
1
of rec.
of rec,
of rec
of rec
Oct.
Oct.
Oct.
Oct.
Oct.
1
to
Nov.
to
Nov.
1
to
to
— Paterson
in
79,403
900
110,000
50,070
42,857
42,413
380.000
14,381
2,815
768
The
68,458
3.690
163,310
988,807
839.566 273.899 1.306,916
715,935 156,656
133.244
87,736 467,666
56.279
10,602
9,737
week and
since
1.525
42,282
821
of these exports for the
July
-Wheat-
-Corn-
Sinte
Week.
1
July
Since
1
4.735,597
156,656 2,071.088
Wee*
July
1
1905.
bush
8,320,089
7.235.799
105.255
3S2.162
39,039
14.398
839.566 16.096,742
715,935 9.597,944
comprising tne
the stocks in
granary at the principal points of accumulation at lake and
seaboprd ports, October 14 1905 was as follows
visible
supply of grain,
Wheat,
New York
"
Corn,
Rye.
bush.
Oats,
bush.
bush.
510.000
442,000
1.670,000
23,000
12.000
240,000
37~,666
476,000
1.418.000
986.000
340.000
bush
Barley.
bush.
68,000
afloat
Boston
Philadelphia
362.000
110,000
552.000
244.000
10,000
Baltimore
NewOrleans
63,000
235.000
113,000
lo.OOO
77,000
1,108,000
823.000
123,000
14,000
1,355,000
512.000
174~600
307.000
175",666
-. 3,455,000
219,000
43.000
376,u00
9~23~,666
1,843,000
103,666
~2~,666
127,666
2Y3-.666
"
l,484~666
5.257,666
256*666
227.000
25"666
285~666
Yi'doo
478,000
1,402,000
968,000
2,385,000
35,000
2,520.000
150,000
1,649,000
3,877,000
1,995,000
72,000
35,000
3,339,000
654,000
90.000
30,000
795,000
4,000
Peoria
Indianapolis
1,592,000
3,000
431,000
40~666
33,000
39,000
148,000
1,379,000
65,000
10.000
1.000
1,000
On Mississippi River..
On Lakes
On Canal and River...
3,096,000
216,000
448T.666
69.000
95.000
520,000
34,000
14 1905. .93,614.000
7 1905.-20,762.000
15 1904.. 23. 419,000
17 1903.-22,295.000
18 1902.. 27, 654,000
4.432,000
4,626,000
4,199,000
8,412,000
2.231,000
22,614,000
20.721,000
23.788,000
7,889,000
7.755.000
afloat
afloat
Detroit
28
31
31
"
afloat
Chicago
31
19
15
Milwaukee
Nov.
Nov.
320
273, S99 2,180,184 988.807 7.224,636
Total
Total 1904
Buffalo
20 Broad St., are distributing
copies of a circular offering Sloss-Sheffield Steel & Iron Company underlying bonds, together with a brief statement of
the company's earnings and accumulated profits to August 31 1905.
Peas,
bush.
9,747
—
1
adjustment of dividend period.
& Hepburn,
30,498 224.953
2,400
5,000
133,363
12,150
"
1,666
afloat
afloat
Ft. William
Pt. Arthur
Duluth
Oct. 21
Barley,
bush.
bush.
693,610
Oct. 14.
1905.
Oct. 14
1905.
Oct. 14.
Exports jor week and
bush.
bush.
bbls.
bbls.
bush
since July 1 to
396.760
United Kingdom ... .158,124 1.100,326 612,207 4,767,804
39,407
415,038
373,903
2.421,519
415.128
Continent J
510
32,589
227,463
So. & Cent. America. __ 16,838
26,046
324,649
2,697
2,724
25,735
West Indies
1,122
15,591
55.703
B. N. A. Colonies
18,204
57.005
Other countries
1
1
Rye,
Oats,
bush.
88,654
2.780
17.257
30,712
44,640
bbls.
179,234
77,142
36,035
Week.
Galveston
Montreal
Toronto
Dec.
Dec.
Nov.
Nov.
Flour,
bush.
394,242
82,697
262,000
394,333
Toledo
Oct.- 21
Corn,
bush.
31
31
15
1
week
as below:
11
27 Oct.
October 14 com-
to
several seaboard ports for the
-FlourSinee
Oct.
Oct.
Oct.
Oct.
1
Orleans for foreign ports
117,761,982
Same time 1904
Books Closed.
Nov.
New
165,230,579
"
afloat
Minneapolis
St. Louis
afloat
x Special dividend
808,415 2,915,249 761,011 125.055
962.956
958,861 199,404 18,888
107,220,323
13,982,139
41,184,157
1.809.095
3,709,037
Baltimore
Norfolk
Newport, News
Charleston
40
Sept.
Oct.
Oct.
Oct.
262.701 171,544
3,690
12,150
80,310,255
83,129,223
42.179,536
2,830,900
3,580,279
31,903
56,050
145,824
16,000
Portland
Mfg.
2 Holders of rec.
25 Oct. 19
to
25 Oct. 19
to
25 Oct. 19
to
1 Oct.
21
to
10 Holders of rec.
15 Nov. 1
to
1,340
14,381
ending last Saturday are shown in the annexed statement:
95%!
Days
7.401
07,358
33,266,241
43.462.752
37.680,295
2.683.019
669,865
Railroads (Steam.)
Chartiers
Cripple Creek Central,
Preferred (quar .)
137.666
8,400
2,400
729
bush. 26,483,330
79,496.123
51.687,724
6,651,134
912.268
The exports from the
Total
Per
443,030
249,961
53,928
380,000
129,000
1902.
16,914.997
The destination
Company.
144,470
142,258
39,640
1903.
16,663,887
Totalgrain
New York
&D
34,575
154.739 170,038
1904.
13.553,520
.bbls_.
Wheat
DIVIDENDS.
o]
20,897
1905
9,552,097
Receipts o/-
The following dividends have been announced this week.
Name
Rye,
bush.
420,581 1,443,140
318,242
207.173
Flour
i
Co. income mortgage
$3,000 Quebec JacquesCart ier Elec. Co. 1st ref. 5s,
5
I
Oats,
Barley,
bush.
bush.
1.23S.
303,600
200 416,300
821
Philadelphia
&
190,960
bush.
83,000
90,100
392,848
17,933
Boston
Bonds.
$10,000 Ohio Mining
..12,580
Corn,
Total receipts at ports from January
pare as follows for four years:
$50 each
.
Wheal,
bush
311,800
328,122
56,050
OS, 292
68,104
44.524
Flour,
Barley
Co. 1st 6s, Sept.
1905 coup. on..
21,000
68,411,258 21,333,984 2,220,174
58,587,595 21,915,320 2,191,430
40,271,189 19.038,185 1.897,o74
!
Total week
Week, 1904
35 Bank of New York,
N. B. A
310>2
20 Bond & Mortgage
420
Guarantee Co
15,000 Sultana Mining Co.]
$1 each
Mining $165 lot
$800 Sultana
Am. Axe &
14
4
10
38,721,890
35,206.424
42,050,355
a Receipts do not include grain passing through
on through bills of lading.
128
Tool Co.,
$22 per share
New Jersey Zinc Co 301 %
Home Ins. Co. of N Y. 506
750
Trust Co. of America.
510
Liberty Nat. Bank___
70,341,594
70.919.9S7
63,301,576
Orleans a.
Galveston
Montreal
Mobile
Stocks.
100 E.W. Bliss & Co., pref
15 Norwich & Worcester
RR., guar
10 Westches. Trust Co. . .
20 U. S. Title Guar. &
4,830,103
4,280,132
4,747,002
New
regularly dealt in at the Board were recently sold at auction
By Messrs. Adrian H. Muller & Son:
Tr.
3,853,177
9,684,625
2,990.677
Richmond
Newport News.
sterling per share.
&
6,823,970
6,247,575
4,419,517
Baltimore
— Among other securities the following not
Slocks
3 N. Y. Life Ins.
2,645,771
2.119,219
2.812,193
305,697
478,486
6,552,048
8,392,191
7,298,677
—
Philadelphia
101%
(Stormmercial atxd ^iisctllnntoxxs^txos
Auction Sales.
602,253
Boston
Portland..
32%
71%
36%
106%
800
New York
50
100
38HJ
17.700
Total receipts of flour and grain at the seaboard ports for
47%
69%
36%
157, 500'
the week ended October 14 follow:
63
101%
134%
556,850
329,000
109,200
I
74
33
106%
107%
37
54%
88
94%
73%
62%
47%
50%
100
39
107%
71
94%
369,335
288,000
204,000
623,378'
1905
1904
1903
153%
55
88
33%
70H
36%
99%
38%
22%
42%
75%
209%
189%
102
99
Since Aug. 1.
34J4
25
34
71
502,527
12, SOU
1,188,000
Tot.wk.'OS
Same wk.'04.
Same wk.'03.
l
1
1,689
Peoria
74
37
51
Rye.
Barley.
Oats.
lbs.
C3.790
5,850
Kansas City.
184
166
152%
62%
47%
Corn.
and
bush. 56 lbs. bush. 32 lbs. bushAHWs. bu. 56 lbs
445,800
1,172,138
3.241.292
107.000
,101.320,
375, SO0
312,120
21,850
37,600
,190 000
1,551.425
15,435
644 ,089
657,257
14,987
217,210
2,317,682
1.150.920
667.900
72,810
9 1,000
100,000
209,700
21,500
1.500
54,500'
13,61
141,417
17,0-0
152.619
56,386
8,300
.
i
154%
24%
bush. 60
229,299
104.125
189,200
land ..
St. Louis ...
Cli
34%
89%
49%
83%
34%
71%
38%
153
55%
88
94%
102
47%
Detroit
184%
34%
89%
48%
82%
73%
183
74
62
22
183%
74%
62%
47%
50%
33%
71%
36%
73%
51
Debenture "Bs"
£
189%
51
43
88%
94%
211%
213
189
107%
6
55%
88%
94%
...22
a Price per share.
153,%
56
34%
71%
37%
Preferred
25%
33%
70%
38%
33
22
74
184
155
25
184
156%
25%
99%
common.. 39%
•Preferred
74
74
136%
Wabash
83%
183%
103
Preferred
50
57%
57%
S9%
49%
83%
90%
156
US
Jsi
35
35J5
108
L07)~j
58%
22%
185MJ
90%
49%
83%
62%
47%
Co
wk
22k
185
86
213
190
74
107
Win at
Flour.
was.iwn»
115%
N.Y.Ont. & Western
55%
Norfolk & Western, common 88%
Preferred
94%
a
—
107
74
185
Central
&
Nashville
157
Louisville
25%
Mexican Central
Mo. Kans. & Tex., common. 33%
Preferred
69%
National lilt, of Mexico
38%
N. Y. Central & Hudson
153%
First preferred
Second preferred
Receipts at
6
90%
100
175.%
Illinois
a
99.37%
:,'
106%
115%
.83%
Northern Pacific
Northern Securities...
a Pennsylvania
a Reading Co., common
28«
88%
89%
90%
91%
58%
22%
90%
50%
Preferred
Erie, common
First preferred
Second preferred
6%
6%
6%
90%
lake and river ports for the week ending Last Saturday
Bince Aug. 1, for each of the last Unci- years, have been:
Fri.
28%
2K7-10
6%
Preferred
Baltimore
Mon.
Hat.
20.
_d.
.Silver,
Vol. lxxxi
Kansas City
Total
Total
Total
Total
Total
Oct.
Oct.
Oct.
Oct.
Oct.
1,516,000
1,435,000
1,518.000
961,000
1,040.000
1,432,000
166,000
5,562,000
5,198,000
5.565,000
4,889.000
3,089,000
J
.
.
.
7
i
8
4
o
1
.
5
1
THE CIIRONTCLK.
Oct. 21 1905.
New York City Clearing House Banks.— Statement of
condition for the week ending Oct. 14, 1905, based on aver
age of daily
results.
omit nro ciphers fOOi
!»<•
m
surplus
Capital
Loans.
Now York City. Boston and Philadelphia Banks.— Below
a summary of the weekly returns of the clearing House
Banks of New York city. Boston and Philadelphia. The New
York figures do not include results for non-member banks.
all cases.
ii.
Legals
specie.
[
D*posio\
r
00s omitted
Bk. of X. V
Oo
ftfanhat.
Merchants'
lines'.
Menu. Ex
Gallatin
But. e§ Drov
Me h Air.)
Qreenwtch
Amer. Kv.'h
Goiuiiiorce..
Mercantile
Chatham
...
People's ...
N. America
Hanover
...
3,0(10,0
..
1.000,0
J.550,0
liVIIlL'
Citizens'
Oriental
apital
750.0
3,246,9
1.097,0
6,632,3
7,221,0
111,4
3,935,3
1,660,8
1.500,0
iT.it
NY.Nt.Ex.
Bowerv ...
N. V. Co
German
Ave
Kiltn
000,0
250.0
3,000,0
300.0
10,000,0
15.848,(3
1,000,0
260,0
889,4
700,9
•200,0
7'.3,5
750,0
1,000,0
100,0
540,0
4,043,0
"200,0
740,4
...
Am
..
Germ. in Ex.
Genu. una ..
West
Seaboard
250,0
500,0
300.0
1,000,0
1,000,0
500.0
350.0
..
1st N.Hkivi:
Liberty
X. 1. It. EHTew Amst.
Astor
Total
...
396,3
94 1,8
309,0
03*4
395.
1,095,6
637.8
462,7
4,170,o
372,0
1,371.0
4,450.0
167,0
1,841.6
3,968.0
14,147,0
176.4
8,942.5
652,0
18,691.5
1,781,3
6.1,0
1,038,8
790,4
10,408,4
2,461,0
180,0
414,4
1,562,6
1,411,0
7,424,2
.12.8
8,497,1
4.040,0
13,636,0
4,471,0
10.683,0
5.7.S5.7
6,972,8
4,824.0
4,152.1
4*. 704,
11,167,1
780,0
718,3
3,849,6
5,675,2
13,817,2
7,424.4
2, 722,
1,580,0
3(12,9
154,7
449,2
397,0
9,75:..;.
4,517,0
15,727,0
4,589,0
8,782,6
6,618,9
6,747.0
4,698,0
1,327,0
2.636.0
578,0
1,954,2
1,246,2
644,7
950,0
Oct 14
230
1
191,2
1,797,4
304,7
713.0
551,0
250,0
413,7
773,4
150,0
23-0
25 n
2a-2
24 ".'
20-3
22'/
23-6
23.3
23 2
214
251
24 -o
25-1
25-0
10
2
23-i.
115,972,7 140,100,8 10302843 191,952,1 74,798,7 10261576 20-"
t
T
Total United States deposits included,
.r
8,495, loo
—
Reports ot Non-Member Banks. flie following is the
statement of condition of the non-memher banks for the
week ending Oct. 14, 1905, based on average of daily results.
u.
42,167,6 189,388,0
42,167,5 190,068,0
42,167,5 1-9.237,"
riiiiu.
-<cp 3"
Oct 7
Sur-
Invest-
008 omitted
tal.
plus.
ments.
Chelsea Ex.
1"",'
*
Colonial
..
Xat,
14th street.
Hamilton
..
Jeiterbon
..
.Morn-
ill.
Mutual
.Van:
.
$
1
250,1
200,1
.
23d Ward
..
Udiou Excli
United Xai
ForkviUe ..
fcl.Xai
M.-trop'lit'i.
34tu Street.
5,5
4,070.(1
336,0
268,0
1,34
(
>,1
392.'
3.353.
145,:;
2,821,0
3,719,1
7.9
1.651.^
618,2
171.1
7,287.'.
2,24.",
loo.o
BOO,'
2,736,7
300
224.8
2^41,7
291,;
3,69...
201,1
1,120,"
1.000,1
200,"
437,4
20.9
183.0
226,
922,:
4,025,
ll''.-
<J
35,4
3,511,1
100,1
.;.","
1,00(1."
6",'
37''.-
10"."
100,0
200.0
-i."i."
34,'
9' ',5
'•,
128,9
91,2
140,3
a
26,4
38,1
264.1
215,7
3,6,0.1
268,7
100,0 1,595,9
968,7 10,603,1
137,4 2,175,1
100.O
Riverside ..
Stale
12th Ward
Deposit:
Otlier
166.'.
S9,i
45,1
70,1
147,4
118,8
160,3
193,0
190,4
261,5
1-5.4
156,1
84,2
271
21,4
33,"
-
95,5
38,
882,9
689,0
260,0
26,5
'.'
639,1
36."
181,!
446,2
61,
254.1
39,"
20.-
228,9
342J
605,3
22923
23»,6
19,3
64,4
25,0
15,4
40,0
235,0
100,8
56,6
for week.
66,(141.0
7,650,"
7,537,0
7,562,0
184,516,5
171.38",9
158,7"7,l
268,929,0 12,860,0
264,965,0 12,940,0
261.532,0 12,9.9.0
141.483,4
166.34",
135,924.0
General Merchandise
Total
fifties
Jan.
1903.
1904.
1905.
Dry Goods
General Merchandise
Total 41 weeks.
$2,836,332
12,924,332
$1,979,124
9,813.639
$1,931,603
7,703.056
$2,572,861
8.685.575
$15,760,604
$11,792,763
$9,634,659
$11,258,436
$95,251,866 $105,200,206
370,581,008 361,586,000
$99,246,512
343,397.556
*11 1,987,876
435,495/'47
$466,846,206 $442.644, 0"7
$547,483,7 23 $465,832,87
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Oct. 16, and from January 1 to date.
EXPORTS FROM STEW YORK FOR THE WEEK.
The imports
in
1905.
1904.
1903.
1902.
week
#12,315,588
$11, 343. "60
Previously reported..
407,640, '.'05
$10,194,785
374.997.017
$10,170,455
373,440,740
1'or
the
387,659,806
$419,955,793 $385,191,802 $399,002,866 $383,611,201
.N'otb.-As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from tho monthly
totals, also complied by the Custom House, we shall from tune to time ad)ust
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 Oct. 14
and since Jan. 1, 11)03, and for the corresponding periods in
1901 and 1903.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
Imports.
I'lance
112/.
l
$5,375
Co
South America
All other countries.
Total 1905
Total 1904
Total 1903
Silver.
Great Britain
,
France
3.81 7,7
19
2,959,7
3,89 1,0
1,834,9
11,621,0
2,698,0
2,150,8
7,221,9
1,-7-,"
3,076,8
3,491,8
3,52 1,8
1,127.1
81,9
76.9
1
Week.
538, ,33
12, 89S
147. 06!
,
1,291.9.
140.731'
$3,806,796 $15,049,509
712,385
7,707,313
51,462
4,162,817
$13,166
20
92,290
$21,112
26,419
7s
1,957,054
1,461,3.1
75,928
69,0342,149
125,932
$3,599,774
813,433
1.370.911
21,42'.'
4,
9, ,657
$552,359 $27,978,869
31,596,3:13
555.759
606,975
24,217,598
.",
Of the above imports for the week in 1905 §29,950 were
American gold coin and $1 V308 American silver coin. Of the
exports during the same time $7,050 were American gold
coin and $5,000 were American silver coin.
—See page preceding.
Brooklyn.
Boron .-U
...
Broadway
.
Brooklyn
..
200,'
114.
ISO,'
364,-
800.0
Xat..
Mecliani.
«
773..
I".,,. 9,
800,0
788
5.489,1
300,1
592/2
:;
ibout
.
61,
2 14,"
136,6
781,6
407,0
219
547
997
823
153
141."
•-97,"
83
-
15.!
82,'
Spencer Trask
65.V
172.1'
41,
120
74
41"
32
145,"
13
101.'
197,
11.2
100,"
1"1.
68,
277,0
34,8
175,.
310,7
89,'
58,
74.4
16,7
82,5
211,"
.':8.'.'
165,
49,
2,24
'.i
989.9
'.
ll,"
146,8
1,083,0
438.0
7
400,'
1,103.'
'
-Sal
104..
Thir"
200,"
We
transact
i
1 .
Nai
Oct
Oct
lul.
-
1
6,
general banking business; m'H and purchase Investand long term
high-grade bonds; execute commission orders upon the New Sfort
stock Exchange and in the financial markets ol the leading
Wo also have special representatives In all of tho principal cities
>
1,670,1
2,072,0
a
securities: Issue circulars describing short-term
Hranch
9,
1
.
11".
653.4
125,"
170.'
122370
122370
L87.S
.
139731
81449
315*2
-
275,
68,0
903.6
1
-
LJ97
1,277,4
5
104,'
..-.V',"'
".
l
1
I
Office,
Albany, N.Y.
William and IMueSK, Now York.
Moffat
ll'.i
Xa
Co
i
'
Xa:..
in ci
"na.
:.
&
Investment Hunkers.
:,8
Jeii-etCiti
1
BanUitiq and Financial.
1
U8.1
-
2.340.2
2.974.8
23,5 2.141.5
263." 4.84 1,0
170,1 12,091,7
5 699,0
1
300,1
.
).
109.1
239,9
100."
-06,
17th Ward
252
224
628,0
1,000,1
Nassau Nai
uy ..
North Side.
164,<
173."
207,
33,7
19.7
1.947
2,771,6
2,012,0
,11599
1.
$5,196,321
4.266,136
3,133,948
794,409
226,064
2,579,245
29,330
2,333
100,391
687, 49.'
Total 1905
Total 1904
Total 1903
Since Jan.
$1,095,497
$546,140 $26 579. 417
"6,2*19*
Auction Sales.
Borough o>
5,160,596
88,800
7,500,00"
$6,375 $38 111. 46j
73 925, ,673
74*600 32 ,930, 218
,
All other countries
667.'
I
8.00'
,
56,
86,0
131
since Jan..
$1,501
25,352,56'
West Indies
Mexico
south America
128.7
25,4
Week.
Germany
625,0
1902.
1.
4,804,5
3,239,9
3,277.0
11 1.7
126,8
533,
147,
iirtngs.
FOKKIUN IMPORTS.
907,0
5,020,6
156,0
218,0
205,4
719,0
4' ,"
4,260,5
6,206,0
2,459,7
3,
8-,':
i
*
611,3
831,8
695,7
150.1
42 1,1
206,"
216,6
187,0
119,0
319,0
212,0
265,0
16
8,672,0 216,040,0
5.31 1.( 228,168,0
6,461,1 219,901,0
60,699,0
67,603,0
Germany
West Indies
Auent Rks. <(<
9
675
'•'37,
,000,0 1,050,5
200."
500,0
200."
400.0
f
15
76'* ,3
150,4
133,
70.3
100,0
300,"
..
17.332,0
17.206.0
17,612,0
Great Britain
I
100,0
Fidentv
Vlear'a
It
Imports and Exports for the Week.— The following are
the imports at New York for the week ending for dry goods
Oct. 12 and for tbe week ending for general merchandise
Oct. 13; also totals since beginning first week January.
with
Set
Notes.
I
I
Mex
m. if. urn.
Boroughs o'
Columbia
JJeposit
Leg. 1.
we'll
latum
t
I'.XPOIU'S.
<tBank
Specie
1
posits,
Including lor Boston and Philadelphia the Item "due toother banks,"
and also Government deposits.
Kor IJoston these Government deposits
amounted on October 14 to .$1,387,000; on October 7 to .$1,376,000.
(•old.
Loans d
Capi-
figures.
De-
Legale
CO-.
thuc
all
(ti
i
omit two ciphers (OO) in all cases.
BANKS,
tu<>)
$
8
8
200.454.4 75,679,1 10831958 53,712,3 1.596.2 7 J,
-01.506.0 78,060,3 L 0804061 54,060,1 1.603,9" 1.7
195,038, 74,063.'.'
54,142,4 i, 049,158.4
191,962,1 74,798,7 10261576 54,156,8 1.747,552,4
48,835,0 223,813.0
48,835,0 223,292,0
18,886,0 219,989.0
i
Hani: hr'nx
Wash. H?ts
Century ...
dp hers
Spi
;
36 -2
82,519." 25-2
8,031.0 263
3,801,0 20'2
5,88 1, 26 1
248,0
619.9
1,823,8
(ico
9
V.
Oct 14
10,7.V>."
1,822,0
2.171.3
336,9
4 80, -j
2,
r
Sep 23 250,133.5 10784 1""
07 16303
Sen 80 27 0.1 33,
Oct 7 266,133,5 10597409
Oct 11 J66,133,fi 10302843
Sep SO
Oct 7
-
447.','
5.884.'
l,605,(i
i
'i
1.7.-0.
1,203,0
3.300.1
301.7
1,234.9
1.790,2
V
<>//i
Loans.
Surplus
4.287,0 24-3
1,'. 5,
226.0 31-6
22.694,1 J 6'0
6,417.1 254
2,762,4 22 1
5.872.0 .'3 4
1260,1 26-0
20.343,0 24
115,150,1 2..-1
18.101." 26-0
3.901,7 16 9
6,971,5 26-6
2,679,1) 26 2
11,457.0 2..-0
5,, 203..: :.>(.
6.868,0 ."2'3
18,889.8 25 o
3.806.7 196
6,908.3 27 -1
9,276,7 24'2
38,701." -'.">'.'
9,302,: 21"2
30,668,0 -.i\>
73,213,0 Jol
1,520. 22-5
22,116.1 26-1
S'.:'
V\K-
90,033,0 J5-;
24,418,'. 26-4
6.162,i
5.037,3
331,4
1,424.4
9,65-2,3
13, ('50,6
420,0
1,544,0
085,3
1.47S.O
035,0
2,005,5
513.9
590,*
004,5
1,000,(1
200,1'
.Mile..
1,31.7.6
2 '',6.0
8,612,0
6.896.2
2,296,8
13.410,9
48,694,3
7.4.1.0
19.099,9
3,310,4
6,945,4
7,070.6
30,945,0
9,212,6
23,442,0
64,961,0
1.285,8
19.173.9
10,288,0
93,615,3
8.416,0
3,370,0
4,821,8
4,227.8
42,987,6
9,977,9
3,204,4
2,690,3
1,454.1
1,308,8
1,000.0
Filth
BK. ol Met..
3.171.:'
21,1
1,735.1
200,0
300,0
Gartie.
1,861,8
9.905.S
4 11.1
a,
First
3,170."-
19.035,9
"i
2,000,0
fourth
28,476.0
136,484,4
42
I:
,\
ItoH.
16,896,1
294,0
3.980,!'
8
87.446,0 23-6
8.067,3
1.849.2
606,6
617,
78.8
684,0
69 1 ,0
681.7
57 6,
321.0
.
Kirei
2,604.6
5.258,0
4,293.3
B2B.9
1,057,2
431.9
1.024,9
8,891,2
1,081.2
...
rmi
East
ae
12, 15 'v.'
1.3S1.9
Shoe a- l.tlu
Corn Bxen
Imp. A
Park
130,8
837,8
568,4
4,440,5
l.OOO.ti
1.000.(1
Knit
.v
-
600,0
i
.Mar
223,*
18,260.0 160, 15i'. 7
?.806,6 24,828.3
30-'.
5,912,6
26,000,0
300,0
600,0
1,000,0
300,0
70U.U
600,0
5,000,0
-'5, 000."
'00,0
4-"i7
460,0
aoo.0
2,000,0
.
22,616,7
5,481.0
3,776,1
P.O.
14749,0 28
1,623,0
2.37-.
1,519.5
1,812."
2,20 1,6
4.107.0
2„".7S.0
3,347,0
4,016,0
752.H
40,992.?
4,055.0
966,2
933.5
532,9
12 529 H
20,-262,0
$
•
•
16,389,0
15S.0
2,633,1
2,400,P
1,879.7
3,384,3
1.500.,'
1.000,(1
..
$
$
3,050,0
•J, 000,0
3,000.0
America
Pheuix
City
Cheuiioal
/;.-
"'IV.
9
a, 000,0
1221
is
(
BANKS,
7
.
&
White,
embers Nov York stock Exchange,
.VASSAL BTRBBT,
B LNOVHB IIA'NK Mlir.il Nf»,
i>ciilcr<* in Inveitmenf Secn)rltlet.
-
CDUUISSION ORDBK9 tXEOUTSD FOB OASO
tttikT.
THE CHRONICLE.
1222
For Dividends
see
—
%ixzz\\z.
ISawfejers'
page 1020.
Wall
Friday Night, Oct. 20 1905.
Street,
—
The Money Market and Financial Situation. Business at
the Stock Exchnge has been in moderate volume this week
until to-day.
Saturday's bank statement showed a substantially increased surplus reserve, and the money market, which
coniinues to be a dominant factor, is easier; but whether
permanently so is problematical, and for this or other reasons
investors and Stock Exchange traders are apparently exer-
more or less caution
market has been suggestive
To-day's
their operations.
of less conservatism, although
some of the rather sharp advances of the early hours were
modified before the close.
The Bank of England's weekly statement showed a larger
per cent of reserve than for several weeks past, and in
London as well as here there is a tendency to somewhat
easier money market conditions.
The foreign xchange market is firmer, a cause for which is
perhaps found in the Government report of our international
trade for September, just issued. This shows that our surplus agricultural products are not moving freely to foreign
cising
[VCL. LXXXT.
State and Railroad Bonds.
Sales of domestic State bonds
at the Board $20,000 Virginia 6s def. trust receipts at 15%.
The; market for railway and industrial bonds presents no
new characteristics. The transaction in this department
have been on a relatively larger scale, made so by the movement of Japanese issues and a few industrial bonds.
—
United States Bonds. Sales of Government bonds at
the Board include 82,000 3s, coup., 1908-18, at 104%; $2,000
3sreg., 1908-18, at 103 to 103%; $10,000 4s, coup., 1925, at
134%, and $10,000 4s coup., 1907, at 105 to 105%. The
following are the daily closing quotations; for yearly range
see third page following.
unterest
{Periods
in
<
markets while our imports are unusually heavy.
Railroads are reporting a larger traffic movement than can
accommodated with present equipment, especially
in the Middle West. Large orders for additional rolling stock
have been announced this week, but before this new equipment is available it is feared that much delay will result.
The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 3 to 6%. To-day's rates on call were 3@5%.
readily be
Oct
Oct
Oct
Oct
Oct
14
16
1?
18
19
t0
103%
•I03I4
*l(/3
•103 k,
103 34
104 Hi
— Jan -103%
2s,
coupon Q — Jan 103%
3s, 1008-1918. registered Q — Feb •103^
3s, 1908-1918
CoupouQ— Feb * 04 4
3s, 1008-1918, small. coup Q— Feb 103
4s, 1907
registered Q —Jan •10434
4s, 1907
coupon Q— Jan * 104 4
1930
1930
2s,
registered]Q
1U3-V •1033s 1031,
*1'3% •103% - 03 4
1
Oct
'4
*103»a •103H? •103".. 103
•104', •104'4 • 104 ', •104 14
•103
103 •103 •103
10434 •104 34 106*8 * I0434
3
'104\ 1KB
•104',
1<>5
registered Q Feb •138 Hi 138 Hi 1334 •1333* •133%
coupon'Q Feb 1341.2 • 34 4 '134 1* •1343a •134%]
the price bid at the morning board no sale was made.
.
1
4s,
4s,
•
1925
1925
This
—
—
is
>
1
;
103
*104 34
*104 a4
•133%
-134%
—
Railroad and Miscellaneous Stocks. The stock market
has been notably less active than last week until to-day, and
fluctuations have generally been within a much narrower
range.
Monday's market was dull and steady, the total
transactions amounting to less than 400,000 shares the
—
smallest in several months.
On Tuesday and Wednesday
there was a tendency to weakness.
This tendency was reversed on Thursday, and in many cases the previous losses
of the week were recovered.
Activity revived to-day on the
more favorable outlook in the money market and other influences, and the market displayed a more buoyant tendPrime commercial paper quoted at 5% for endorsements ency than for some time past.
The anthracite coal stocks have continued exceptionally
and
for best single names.
Central of New Jersey was quoted ex-dividend on
strong.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £652,261 and the percentage Tuesday, and to-day sold at 228, or 12 points above last
week's closing price, and the highest in recent years. At the
of reserve to liabilities was 43.21, against 41.47 last week.
The discount rate remains unchanged at 4%. The Bank of same time Delaware & Hudson showed an advance of 6
points, Lackawanna 9, and Reading is nearly 3 points higher.
France shows a decrease of 4,075,000 francs in gold.
Northern Pacific and Great Northern declined about 3
NEW YORK CITY CLEARING-HOUSE BANKS.
points, but recovered, while a large portion of the active
railway list, after to-day's advance, is higher.
Differences
1905
1903
1904
from
Of the miscellaneous and industrial issues, electrical and
Oct. 14
Oct 15
Oct 17
previous week
railway equipment stocks have been notably strong, led by
5@5%%
$
Capital
115.972,700
U0.1fiO,80u
Loans <& discounts 1,030,284.800
Circulation
54.155,800
Net deposits
1,026.167,600
Specie
191/'52.100
Legal tenders..
74,798,700
,
Surplus
,
lieserve held
p. c. of deposits
25
Dec 29,456,600
Inc
13.4O0
Dec 33,104.100
.>eo 3,086,300
Inc
735.500
266.750.800 Dec
256.539,400 Deo
2,35.0,800
Surplus reserve
10,211,400 Inc
8,276,025
5,925,225
115,972,700
134,643,500
1,134.013.400
42.2P8.000
1,193.237.700
237.745,000
76.522,300
$
115.572,700
129,874,300
908,' 65,500
45,723,200
891.771,400
171.870.800
68,605,300
314,267,300
298.309,425
240.376,100
222,942,850
15,957,875
17,433,250
$8,473,700 United States deposits included, against $8,419,500 last
week and $23,262,700 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $12,329,825 on
October 14 and $6,391,050 onOctol»er7.
Note. Returns of separate banks appear on the preceding page.
*
—
—
Foreign Exchange. The market was strong this week,
influenced by a demand to cover maturing finance bills.
There was also an inquiry for drafts for such cover the
delivery of which on contracts had not been effected, and
consequently the contractors were compelled to meet their
engagements through purchases at the market; the tone was
strong at the close at the best prices of the week.
Gold
arrivals from London, $575,000.
To-day's (Friday's) nominal rates for sterling exchange
were 4 83@4 83% for sixty day and 4 86%@4 87% for
sight.
To-day's (Friday's) actual rates for sterling exchange
were 4 8290@4 83 for long 4 8665@4 8670 for short and
4 8725 @4 8730 for cables.
Commercial on banks 4 8250
4 8265 and documents for payment 4 82% @4 83%.
Cotton
for payment 4 82%@4 82%, cotton for acceptance 4 8250
4 8265 and grain for payment 4 83% @4 83%.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 19%a@5 19% for long and 5 16%d@5 16% for
short.
Germany bankers' marks were 94 7-16@94% for
long and 95 3-16rf@95 3-16 for short. Amsterdam bankers'
guilders were 40 l-16A;@40%d fOr short.
Exchange at Paris on London to-day 25f. 16%c. Week's
range 25f. 17c. high and 25f. 14%c. low.
The week's range for exchange rates follows
@
@
— -Long
4 8290
High
@4 83
4 8225
Low
©4 8240
Paris Bankers' Franks—
I9%a
@5 I9«
High
Low
5 20
@5 19^0
Germany Bankers' Marks —
High
94 7-16 @94M
©9.4 7-16
Low
94%
Amsterdam Bankers' Guilders—
Short-
-Cables-
Sterling, actual
4 8665
4 8575
,
5 16J4d
5 18Hx
5
High
Low
Less:
Plus:
a 1-16 of 1%.
k 1-16 of 1%.
@
@
J
95 3-16d
95
.
@4 8670
@4 8585
@5 16K
@5 17Ma
@95
@95
I
I
4 8725
4 8635
M 8730
M 8640
3-16
1-16
40 1-TB* M40Ha
40 1-16
HO l-16ft
h 3-32 of 1%.
y 3-32 of 1%.
d 1-32 of 1%.
x 1-32 of 1%.
The following were the
rates for domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying 50c. per $1,000 discount; selling, 75c. per $1,000
New York
premium. Charleston, 12%c. per $1,000 premium. New
Orleans bank, 25c. per $1,000 discount; commercial, 50c.
discount.
Chicago, 10c. per $1,000 premium; St. Louis, 20c.
per $1 ,000 discount; San Francisco, 35c. per $1 ,000 premium.
General Electric, Westinghouse, American Locomotive and
Other stocks, including United States
Pressed Steel Car.
common and preferred, are also fractionally higher.
For daily volume of business see page 1232.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
Steel
bales
for
STOCKS
Week Ending
Oct
SO
Amer Beet Sugar
24HiOet 17
82 HOct 16
35 Oct 19
100 109 Oct 16
100 183 7»Ocr 17
000 ll%Oct 19
100 75 Oct 20
100 72 34 0ct20
300 106\Oct 19
100 27 Oct 20
10 85 Oct
200 35 Oct 2o
210 168 40ct 20
50 50 Oct 19
200
Prefer ed
1
Amer DistTelegrash
1,500
Asso Merchants.
Cleveland
&
1st pref
Pittsburgh.
Detroit Sou Tr Co ctfs. ..
Ft Worth & D C stamped
General Chemical
Preferred
Internat SteaniPump.,..
Preferred
1
Kanawha & Mich
N Y & N J Telephone...
Norfolk
&
Bange for week
Week
200
Southern
RR Securities Hi Uent'l
stock trust certificates
U S Leather
Preferred
"Vulcan Detinning
Bange
since
Jan
1
23HiAug 3 4 Hi Mar
77 Jan 86 Sep
20 May 40 Oct
96 Jan HoHiOct
183%Oct 17 182 Sep 185 Jan
U34 Oct 16 8 J'ne 123»sep
75 Oct 20 44 Jan 75 Aug
72 34 Oct 20 56 Mai 72 34 Oct
107i4 Oct 18 101 Apr 107', Oct
27 Oct 20 27 J'ly 40% Feb
85 Oct 14 78H)Maj 88 8 Apr
35 Oct 20 20 H May H9 Mar
170 Oct 18 167 Jan 174 Mar
50 Oct 19 40 Sep 50 Oct
24H>Oct
82HiOct
40 Oct
109 Oct
17
16
2"
16
98 Oct 17 99 Oct 18 92 Jan lOO^Aug
13%Oct 14 16 Oct 14 11 Apr 16 Oct
113'gOct
19 115HiOct 14 100%Jan 115HaOct
500
1,600 10 Oct 20 HHiOct 20
8 Apr 14 Ha Apr
390
1,200
—
Outside Market. After a dull and uninteresting market
of the week, trading on the curb assumed an animated
appearance to-day, in sympathy with the strength on the
New York Stock Exchange. Chicago Subway was again
Various rumors
the most prominent feature of the week.
were afloat concerning the company and reassuring statements regarding its condition are reported to have been
most
made by the company's financial
From 51%, the close last Friday, the
representative here.
stock dropped to 40,
then rose to 52% and fell back again to 39%. It recovered
Western
part of the loss later and closes to-day at 44%.
Maryland was fairly active, advancing 4% points to 32%,
and ending the week at this figure. Interborough Rapid
Transit made a gain of 2 points to 215%, but then declined
International Mercantile attracted
to 212, the close to-day.
From 36%
attention, although fluctuations were small
the preferred got as high as 37%, dropping to 35%, and closing to-day at 36; the common moved between 13% and 14%.
A good business was done in Houston Oil stocks with appreciable gains in the price, the preferred advancing 4 points to
36; the common gained 2 points to 8%. Standard Oil, after
advancing 4 points to 675, dropped to 668, but advanced
Buffalo Gas, which has been inactive for
again to 671%.
some time, sold up 3% points to 12 for the common; a few
American Writing
shares of the preferred sold at 22%.
Paper preferred, after selling between 32% and 33%, advanced to 35% to-day. International Salt was conspicuous
Trading in the mining group
for a rise of 4% points to 34.
was dull most of the week at declining prices, but to-day
tran actions were on a large scale, with values fractionally
higher in most instances.
Outside quotations will be found on page 1232.
8
New York
'
1
Exchange— Stock
Stock
iK'd'I'YIMi
1
A'
-HJUJH.ST
Ut hi
104 *
loa 3*
Hi
169*
112*
i-j 3*.
i
1
97 H
72 Sj
*".'tiS»
72*
•86
B8
•216
57
I
!
220
66* 67
819
II
67*
rt
•36
•
79
•7.'-
21* - 2* 91*
*87* 88
•87*
•74*
76
76
36* SB , •36*
180* 180* 179*
139
817
244
188
*39
4J
•r.'
13
48
•99
•117
1U0
»a
490
36
•33
83'
•16
20
94
*9i*
•16
36
B8
*
244
190
200
19
;:9* 41
43
•98*100
117
121
•9P,
92
•16«Q
16
320
71* 71*
Hi
•24
22
Hj
24
Hi
•71* 72*
•91* 92*
179 179*
28* 23*
67
67*
86ia 36*
•26
26*
•62* 55
•91* 92 Hi
•88
179
28*
67
•85 Hi
•24
•62
35
97
•33
•94
•65
67
•65
151
1
* BuflMo
7 2
*
1
\,
V
72
19*
"40" 40
11
11*
403, 41*
27 34
-61
273,
42
423<
•83
319
320*
318
•85
71*
89
92
74
99
92
78*179
63
•64
19
105
104 "a
138
161
32 Hi
68 Hi
10334
143
•36
•19
95
96
68
66
lot 3,
32 *
•67
104
•148
•86
I'M
149
•53
•112
•o3
•206
32',
ey
104 *
162
37
20*
148*149
54
120
66
207-4
•63
118
64
64',
gti
83
$200*206*
53* 64*
^5* 86*
•90
206
92
807
107
107
108
207
107
•103
106
92
206
107*107*
103
107
14 3', 144',
108
109
143*144',
40
40
64
120
86
•SO
88
•106 112
1214121',,
•93
94
•98
99
40
40
83
83
•80
82
112
106
•100
106
103
Do
pref
A
28H Colorado & Southern
Do 1st preferred
4 3',
227
490
L
St.
62
i;-2
...
Do 2d pvelem-d
Delaware Hudson
<fc
83
317* x316* 317
22
24* 25
•72
74
88* 92
{91* 91't
1773, 179
98 34 283,
56* 63
26
27
72
733,
93
93
178*180*
•23* 2?
•56-4 67*
«86
86
•25* 26*
•62* 55
•33
•95
34*
96
820
320
71
673,
67 3
66
22*
•88* 92
96
325
'319
22
4
i.
105
106
100
100
106
Do
clf.A
deli. otf.
B
Havana
Electrio
pref
Do
Hocking Valley
owa Central
Do
pref
KC.Ft.S.<feM.,tr. cts. pfd
ansas City Southern..
Do pief
Erie A Western.
rake
t Do pref
Shore A Mich. South'n
Island..
Louisville
Nashville...
Manhattan Elevated...
etrop. SecuT./sub. rec.
Metropolitan Street
A
Mexican Central
Michigan Central
Minneapolis A St. Louis.
Do
147
150
ash. Chatt. A St. Louis
\J at.of Mex, non-omn.p!
•36
36
36
Hi
36
$36
•19* 20* •19
20
19 20
Do 2d pref
149 150
148*149* 148*1493, 149*15034 N. Y. Central A Hudson..
*63
51* 53* 63 J, 53
54
53* 64 N. Y. Chic. A St, Lotus.
112 120
115 115
•112 120 115 120
Do Istpref
•83
86
86
'SJ
•83
83 86
Do 2d pref
86
200* 207 •200*205 *20l 204 * •202*205 N. Y. N. Haven A Hartt.
5134
64
53* 5334 62* 63V 633, 64* N. Y. Ontario & Western.
85* 86 Hi 85* 85»4 •35* 8534 85* 86* Norfolk A Western
90 92
92
82
•90
•90
92
Do adjustment pref.
92
203 34 207 3:202*204
201 202* 202*205* Northern Paoific
•105 107
104 107
300
104 103
105 106
Pacitio Coast Co
•102 109
102 108
•103 107 •102 108
Do Istpref
105 109
104 107
Do
2d
pref
300
106*106* 105 107
114 144 34 143*143* 143*143* I4334 144* Pennsylvania
123,350
•40
42
40
40
40 PeoriaA Eastern
800
38
40
37
101
102
Pore Marquette
* "3*0*6
83
83* •82* 84
Do pref
•80
82
80 82 *8o 82
82 Pittsb. Cm. Chic A St. L.
80
•106 112
106 112
Do pref
106 112 106 112
152
37
148
146
150
150
•36
37
•18* 20
147
120*121* 121* 128
121*122* 120*122* 122* 123* Reading
93
93
94
93* 94 * 94
1st pref
93* 93* •9334 94*
•97
99
99
93* 98 »4 •9-5
99
2d pref
98
98
99
33", 33*
2
32* 33
32 *
3 '4 32*
32
31* 32* 31* 32 Rock Island Company....
7B»4 7 8*
78* 78 Hi 78* 79
7734 78
Do pref
75* 77* 75* 76
17* 19* Ot. Joseph&Gr'd Island.
00* -T Do Istpref
69
59* 60
28
28
Do 2d pref
27* 28* 23* 2 9 Hi
•77
60
77
80
•77
80
•77
80
•77
'77
80 St L. AS. Vr., 1st pref
79
69* 6j*
68 * 6J*
69
63',
69
68
Do
2d pref
68
68* 68*
•185
•83
2
•185
4V
69 Hi
•119-4 120',
85* 36 S.
89* 9j*
35
195
23* 24*
60* 61*
63* 69*
6l*
69*
•60-4
J84,5oo
1,100
2,000
81,150
6,800
726
912
900
J
'186
24
61
2
•185
120
90
09
68
68*
,
60
98*
4-2
.1
C.
M
3
34
J Hi
A
86
',
O. stock
<v
Kcl»
1
1
5
No*
Nov
Not
Nov
Deo
Nov
13* J'ne 24* Nov
48
17*
J'ne
In.
Deo
63
37* Nov
Mai 130* Deo
250* Feb 369*4 lux
149
Ma
13
35* Nov
Deo
Deo
64* Feb
19* Jan
89
27
60*J'ue
793, lico
6* J'ne 14* Nov
9* Aug 28* Nov
21*Ma> 41* Nov
55* May 77 Deo
J'ly
Jan 13
24*J'nel9
68 Hi Deo
67 Deo
Feb 83 Nov
Mar 242*Deo
70
Aug 86* Nov
11
J'ne
203,
Nov
Oct 20
27
74
99
60
77
125 34
14
32
May 94
Mai 95
Feb 159
S^Scp
Deo
Deo
Deo
J'ne 33 Nov
Feb 69 34 Nov
64* J'ne 83* Nov
16* Feb 31* Nov
Feb 66 34 Nov
31
26 Mar 43* Dec
85 J'ne 105 Oct
}245 Nov J300 Dec
46 May 62* Nov
Feb 148* Doc
Mai 169* Nov
72* Mar 96* Aug
10434 Mar 130* Oct
6 Apr 23* Nov
$119* Feb 160 Nov
40 J'ne 67 a4 Jan
101
13934
80
55
116
J'ly
96* Sep
Jan
95
Oct
Oct
May 150
14* Feb 36* Nov
32* J'ne 65* Deo
87 Feb 111* Dec
101* Feb 147* Deo
3434 Feb 45* Nov
16* Feb 25* Nov
112* Mai 145* Deo
25 May 47 Dec
101* Mas 115 Nov
60 J'111 78 Dec
$185* May 199 Oct
19* Mai 47* Oct
53* Mai 80 * Deo
83
May 95
61
95
Feo
J'ly
148
J'ne 8
Jan
16
16
Deo
82 * Deo
1 01
Sep
8.j*Deo
140 Deo
32 * Hoc
hi * Jan
79 *Nov
Deo
Deo
80
107
82 * Deo
92
Deo
S3
Deo
3
37 4 Nov
86 * Nov
Nov
Nov
Nor
18
60
30
61 Mai 79J, Dec
May20 73* Mar 6 39* Jan 72* Deo
Jan30 .94* Fnel2 150 Jan 185 Deo
61
1,500 175
ctfs
ir.
100
>,
2i»
Ix-o
6* Aud 16*
11* Auc 27*
4 J'ly 15*
29 M ay 48 *
68*Mnv 83*
73S,May22 81* Mar 6
A E. I.com stock tr ctts
.
«165 Api 192
1
24* St. l>ouis Southwestern
1,485 20 May'22
Do prel
59* 60*
1,660 65* May 1
Southern
Pacinc
67* .May 4
Co
70*
123,870
69*
DO pref
67u U634 Jan 5
119*
Soul hern v.tr. cfs. sun peri 43,625 28 May 19
35*
Ho priif.
(In
98*
2,415 95 Apr 2
35
'84* "84*
.
53
18 5*
130
24
180
23* 23*
113* 119*
93\ 99
..
180
67',
•119* 119*
35* 33*
120
86* 86*
35
195
23* 24*
60* 60*
*
1
61
63*
120 120
3.,* an
99
195
90 Nov
47*J'no 74 3, Nov
20 J in ,#9* Nov
137* Feb 177* Deo
173 Mai L86*Oct
161* Mai 214* Deo
207 Feb 237 Nov
Mai 160 Nov
185
61* Jan
Aug24 111* Mar
27 Jan 25 48* Apr 3 17 Ala
77 Jan 6 100 Febl4 74*J'ne
78*J'lyl2 87 * Feb 6 $68 Ma>
70 May 23 87 MaC18 55 Api
105 Feb 17 .12 Marl3 90 Api
^79 Jan 13 25 34 Aug24 38-'.| Mai
90 May 2 2 97 Sep 30 76 Mai
84 Jan 6 00*»ep2o 65* Feb
243, .Hay 2 2 37* Jan 18
19* Mai
71*May22 85 Jan 4 6/3, Jan
12 J'ne 2 19* Oct 20
9 Mar
40*May24 62 * .-ep 16 36 Mm
131*May22
2,15ii
1
195
»a
12* J'ne
17 109* Oct 10
3 108 Feb 6
12 109 Oct 9
Jan
Jan
100
85
K01
51
47 * Not
85* Jan
26* N'o»
80*J'ly
May
90
78* Jan
lot
Nut
1913, \l)V
Jan
Jan
33
i
pref
137 137a
136* 137
137* 137* 136*137* Minn. S. P. A 8. S. Mane
161 161* •161*164
•161 164
162*163*
Do pref
33* 32* 33V
32* 333, 38
33
33* Mo. Kansas A Texas
69"
68* 69*
69
69
Do pref.
69
69
69
103* 104* 102* 103
102*103* 10334 104* Missouri Pacific
'
72
154* Feb
28* Mai
33
75
Aii|
89
i.:v,
pi
Augll 54
Angl2 72
Apr 17 170
J'uel5
Augl4
13
Marll
Jan 18 96* Mar 13
5,878 15234 Jan 25 183 Sep 28
2,250 24 May21 32 Feb 8
3,230 50 May 10 58* Augl4
836 81*J'nel9 86 * Sep 29
100 22*May22 34 Feb 14
52 Jan 3 70 Feb 14
28* J'nel6 44*Marl4
91 J'nelo 106 Marl3
497 290 Jan 2o $350 Marl3
2,700 60*May22 7 1 4 Ang23
28,300 rl34*Jan26 157* Sep 23
600 161 May 1 175 Feb 9
91 Marl
14,650 73 Jan
18,670 114 Mayll 133 Aug28
16,200 18*May22 26 Marl3
$130 J'nel4 155 Aug22
4,150 66 * Jan 12 84 34 Oct 1
400 86 Jan 19 106 Oct 16
2,600 89* Jan 11 144 Sep 20
1,000 148 Jan 13 170 Sep 19
41,600 24 May22 35 Aug30
2,660 66*May23 73 Aug25
12,800 94*May22 110* Mai 13
137 Jan 12 158 Apr26
"i.30 33* May 8 45 Jan 16
1734 J'ne20 24* Jan 10
39,175 13034 May22 167 34 Mai 14
1,000 42 Jan 20 56 Hi Sep 22
200 114 J'ly'27 122 Hi Jan 30
74 May 4 8634 Oct 2
"3V6 2194 May22 *216 Sep 21
8,600 40* Jan 6 64 Mar30
13,410 76 MaylO 88*Marll
100 91*Feb24 96 Augll
14.216 165 Apr24 216* Aug21
270
pref
Illinois Central..
Long
75
96
335
90
A
64
78*Aug24
8
6
Feb 28
Jan 4
Feb 16
May22
Apr 24
J'ry
86* Jan
..
Do
L.
55* Jan
* No*
68 * n »'
83
N
109* Mar
95*Aug2.
17* Jan 21
Maya2 37 Jan 21
37* May 2:: 62 34 Aug'29
74* May22 85*Augl5
63
90
4*631 236
83
"i.26 17
600 15
628 60
ui
1
72* Mai 105* n«o
87* l-ci, 98*Oot
xs
Feb 70* .Nov
21
100
Great Northern, pret
Green Bay<fcW.,deb.
81* «»yl
1
IP* N.n
Fob
S7"„.l:ni
76* Jan 27
410 II', May23
1,550
87,2 /y
2,960
2,400
49
l^rie
81 3, TjDo 1st pref...
72
Do 2d pref...
77
livansv. & Terre Haute..
96
Do pref
•72
22
95
96
322
66
*.
'n
3234
63 Hi
lu4
152
37
20
149*8
85%
90
106
138
164
Om
<S>
Sep
l/ii/lu-s(
104 ^ Feb
-
Chicago Terra '1 Transfer
41
f -Q 150*151Hi 151*1523,
404,
151*
151* 152* 151
166* 166 Hr 165* 16u* 165*166* 165«4 166*
3
8u* 81* 80 4 81
80* el* 80* 80* 80
80* 80* 81*
•ia« 126', 125*126* 125 34 126* 125*125*
-'6 125 126* 123* 126 8
24* 25
24 Hi 84*
24
25
24
24*
24
24* 24* 25
•
150
•150
150
•150
150
140 150
*84*
77-4 81
81
84
82
84
81
Ml
81
30
81
136
164
Do pret
Chic. St. ft Minn.
Do pref
IUU4)
I
1
64
88,600 130* Jhu23 177* Sep i
400 67-8 Jan 1
74* A 11*1
P,96o
.Mny23 228 Oct 2
22,100 45* May 2
60* Mai 21
1,00(1
M ny 2 4 4 Hi Marl
81
400 77* J'ne28 83 34 Apr
13,080 17*M»y22 25* Marl
200 KM', .\Uy22 89 Sep 8
600 80 J'ne*9 78* Sep 2
6 5 89
Maya;: 37* Apr 1
49,700 108 '„ Mtiy 4 187* Apr 1
300 132-., Jan 13 198*Aprl
8,621 al'JOlaJ'ne 9 249 .Ian 3
100 84 Jan 13 265* Feb
623 150 Jan 6 285 Jan 8
195 Jan 17 230 Jan 31
600
7 34 Jan 6 80 J-ne2
1,200 17* Jan 4 42*J-ly
2,000
6 J'ne
13* Keb
1,300 30»4 J-ly22 64 Feb
700 90 Jan 14 111 M ar2
115* J'ly26 121 34 Marll
ef.tsb"
22 * Jan 2i 30* Apr26
600 62 Maya 3 64* Feb 10
4,410 32*May23 45-'4 Sep 21
21,612 178*May2 227 Oct 20
800 335 Jan 23 198* Oct 16
400 27*May23 37 * Sep 1
700 83* May 1 91 Mario
18 May22 28*Marl7
anuria Southern
121
43
224
480
77* Mny22 98* Mar
87
Boaqne, prof...
993, Cleve. Cin. Clno.
Do pref
Hi
2734
62
•85
•95
200
90
117
29
29* 29* 29
67 *
58* 58* *57
•s5* 86
86
Hi
85* 853.;
2434 24* •25* 26 Hi
26V,
25* 25
65
•52* 64* •52* 65
•52* 55
•33
33 34* 33 34*
85
35
Hv
6836
96
191
40
77
95
•85
317
22*
24*
•72
•88
92
74
99
93
179* 180
86
240
190
190
19
166*166*
•100
188
•161
it
'anaOian Parillc
•38* 41
Do pref
•11
11* Chicago Union Tractiou.
98 34 98*
•117 121
72
77
95
319
22
22* 22 34
•24
24* •24
92
178
29
100
121
*
240
47* 48* 47* 48* t4**
81* }8l* 81* t81*
81
tvi*
71* 71* •71* 72
72
77
95
72
41
II 3,
{31^8
151*162*
8a
68
22-
l.mi
:
9
34 *
72
77
95
320 *
72 "a
92
•33
•94
1
Sj
1
J/u;fu-s!
1,400 00 Jrii 29 103* sop
1,800 ISO
Jan 36 170 Apr24
21,520 100* Jan 2."' 117 Anal
Imltimoroifc Ohio
> Do
90
Mar b 100 Aug I
91
prof
Brooklyn Rapid Transit.. 236,665 66* Mhv2:< 76* Oct
470 498 •470 493
olaw. Lack. <& West'n
33 34 33'4
33* 33* •33* 34* Denver* Rio Grande
87
87
87
87
86* 86 *
pref
15 20 DosDo
15 20 •15
20
Moines & Ft. Dodge
923, •91
2
92 J, •913, 92 J, Detroit United
16 1534 16 16 $14* 14* Duiuth So. Shore <fe Atl..
33* 33 Hi 33
34 a,
33* 34
Do pref
48* 48*
81* 81*
81
•190
19*
Hi
190
200
222* 224 Hi 223* 224*
88*
15* 16*
34
185
62
20
92
Hi
190
200
42* 43*
36
87
84
185
190
19
40
27* 28*
62*
27* 28*
283*
483*
34*
260
•93
117
62
62
43
43 Hi
222 Hi 226
470 498
Hi
240
11*
41* 42
18*
12
42
321
78*
1713<
•-'
243 Hs •948
195
190
900 •190
•72
•85
•88
•88
•68
lotl
KU..
'i
43
81
24*
',
73* 76*
71
88 *
lir in) m
jytJo
,'iir
100+Kwr*
i>n-f
76
75
75
78%
75* 76* 76
Do 5 p. o. prof. "A".
19S
35 J,
36* •36* 36
35* 36* •35* 36*
86
Do 4j). o. pref. "H".
ISO Hi 179* 180", 179 17:»* 178* 179* 170* 180', Chicago Milw. A St. Paul
•187
l-'7
188
189
188
l>o
188 188* 137 188
pref
2 8 * 921
217* 217 918* 216 919
217* 213
Chicago & North Western
75
ys
•24
112
.
87
•15
22
71*
ivr i
o'
Luirt-^f
20,300
i
Do
AlliHitlc('o;ist l.lno
•76
•34* 35*
48H, 48*
48*
81
72
76
•S5
320
99 V
16
35
49
81
72
Hi
4
.
88* 28*
62^
43
221
498
34
»87*
3
."-
79
•6lHi
t222
1
Knilrnnrta.
I'iii>i-k
A -vintii Fc
Atoh.
S
223 2
924* 294 994
(Vniral of New Jersey...
66* 66* 65* 60\ 66
56* 67 V,
* I'lu-.sapcake ,fc Ohio
•36
•34*
34
37 Chicago ifc Alton
38
86*
34
34
•76
73', 78 34
80
79
•75
78
80
Do pret
21*
21* 21* 21
21* 21* 21*! Chicago oreat Western..
87 Hi 87* •87* 38* •87* 88* •87
* 88*
Do 4 p. o. debentures
•87 •
12
42
42
•08 100
117 121
Si
Hi
6
•06* 98
Hi
723,
B8 «
X.M'.I
19
41
12
r
121
a>
»
»ea
63
48** 43
•430
Hi
1-5
190
aoo
1
lt'.l
111
B9
106
168
112* 113
87* 07
.
Wttk
snares
1
24 3
18* 18 J,
,
Hi
71*
88
Kan ne
On basis
Irs ui
tn«
KXUIIANOE
106
1 82
106
sir
Hs
216
1M
•185
•l»o
•96
162
112
99
•104
•88
•88
884 86
17o*171* 170* 171* 169* 171*
68
68 V
83* 68 Hi 6SH1
Hi
170* 1.2
•«S* 69
•
•187
217
111
1
•86
i
37* 8S*
104-',
1
STOCKS
XKW YOHK STOCK
1-rtdai)
6
3
Record, Daily, Weekly and Yearly
TWO i'\<;i>
Oct IV
87* B8
104
162
•
69
•
Thursday
elnfstiav
Oct IS
88 * 89
B8* 8S*
104* 105
101*191*
161
162* 188 162
lll>
- ,
ua>« 119*
•96* B Hi •88 "i 07*
71^4 78 *
71* 79\
88%
PS 3 ,
\V
Oct 1?
:4
•103
AXD LOW LtiT SALh fKlChs
Tutsilay
.Holiday
Saturnau
6
21
.
Picnic
2,200
97
29
',
27
Hi
9*l'uc 29
Jan 20
66* Apr 18
78* l-ob27
21* b'cbl6
25* J'ue
41* Mai
Apr!
ui
Apr
4
I'.i
u^l
I*
18* Feb
77*. an
I
20* J
Maris
1
Feb
9u
I
68
'i
Deo
Deo
Nov
Sep 119* Dec
113
Sep 22
102* Sep 21
38
61P4
in-
37
^ Dec
97* Deo
98
38
III
'd
r
Nov
BANKS AM) TRUST COMPANIES—BROKERS" QUOTATION^
Banks
Bid
Atk
Bid
linnlcs
Atk.
Bid
340
770
ItaiiU-,
|
J»EW TOBE
etna
America'
Amur
..
Kxcii.
AsUir
Chemical
192* 200
526
.'77
750
"Battery Park 150
32 3
fovrery'
Dtch'aA Dr 155
Century V..
Chav.1
1
280
82 3
Colonial 'j ...
Columl.na' .. 4U0
160
Commerce... (2n0
Fifth
!•'
1
....
r .-, t
11 Hi StreetTJ.
Fourth
' ui itin
2 10
2
10
-,
Irving
1
12
German Ami
IHO
170
German Ki- too
Kxchge' 377 * 382 * Hermaina", .. 150
'.'oiisiilldateit
165
1M)
1
"rn
...
tarn Hrver..
160
160
Firi'-hty-
.'.in
DiBCOiin;-
.-no
130
.
..
...
.•.'I
16J
Greenwich
-
2
in' ...
1
300
Oartielil
(201
1
HM.
1
176
1
Bid
lillllUH
250
2 40
Hamilton" .. 190
31*6"
ilanuver
300
Ktc.
Fifth Ave- ..
373n Imp cfe Trad. 390
aiildii.lfciiiiiii ijriCK.i. no „alei» wore made on
HUS •l.lV. 1 LnHillllll III 'in
Sale at StocK exchange or at auction thin weelc t Trait On, certlUcatoi.
Chath.im
•
'44OO
Jitizous'Ctrl 160
Oily
t235
Coal A Irou. 230
Uonua
ifetro
.-,11
1«2*
Mulual-
Liberty
I..10
Lin coin
1500 170U
3
kfanhattanl
325
riarkcl AFtll 262* 272*
Mechanic-.'
28.1
29 5
vlcch *Tn' 160
170
>i ereauUle ..
2'i7
272
Me roll Kxcli. 170 173
M •rcli.iriM'.. L09 175
Metropolis*
J75
.',
1
.
1
/i
.
tSri4.ll
Assessment
^.
,
paid.
1
180
218
h
•!,",
.ii.n.i
11
.
Ha nl. -
.
500
People'
300
{
Nasaau'i
Now Aimii-i
195
Sr.w Yarn Co
N Y Nat Kx.
l.iOO
I
. . .
1111
H)
I'rori
Kxch-
Kivci ridel
1
170
lO
.
.
N'uriliiTii
11.U1.
at,
...
.
Seaboard
100
York... t.)10* ..... jeooDil
-iiion.v; LeUi.
330
19th Warri.
1200
41. Il'''
North Amor. 233
239
Soiri
••
1
ria/.i'
1.I-.
New
Drlentall
Paoinol
A*K
Hi a
LOO
llh 81
I
-i ti
I
VVardl
160
1 in
ao
1 .-.» uiVKlau
pnv.ito nalo at llin prion.
i
i
i
i
i.
a
,\
•
,
..
1224
Stock
Record— Concluded— Page
SlOCBS—HlUHLST AtiD LOWEST BALL PHIOEH
Saturday
Oct 14
Monday
Tuesday
Oct 1H
Oct 17
Wednesday
Oct 18
Oct JO
126% 126 125% 124 % 126% 124% 124% 126
34
83*4
34% 34% •33% 84% •84
:i3'i
84
*30% 37'-. 86% as
*36
36% 36% •30
37
r
57 4 67%
66 4
51)
66% 66% 56%
65%
%
11.
ii6 34 116 4 117
4110 116% in; 117
116
833j
-4
36%
86
11V
;
IMiird Avenue (N. Y.)...
oledo Railways^ Llghl
36
Tol. St. L.
*:h;%
:'ir'i
70
70%
90% 91%
'4
4
1
*17
4
% 41%
IS
42
26
32 34
• 4il
•25
32%
03% 01%
*280
2%n
17%
00% 00%
84%
84*4
26
•40
"25
82
>s
81
%
32
61% 62 34
64
'4
04%
50
230
17=8
17% 17%
60% 00%
84
"221
0%
*6%
33
7%
7
33
26% 26%
*17% 18%
'
113
3
4
"5 8
*25
99%
128
113 34
6
26
99 3,
128 34
100
100
100
30%
12%
44% 44%
121-2
140
•139
-137
102
113 4
37 34
«101
«116
•184
*14Hi
•55
16%
62
45 34
46%
104% 104%
45% 40%
-87
95
*15
16
*186 188
13% 13 %
63',)
43
«
54
43
>} 13
54%
37% 41%
•99% 100%
100 101
*3 <% 31%
•90 100
•222 227
200
106
•185
•102
12% 13%
44% 45%
12% 12%
44% 44%
102%
37%
31
loo
229
140
•138
-137
102
41
140 4 139%
•138
142
140 -137
.
M4
*55
44% 46%
104% 103% 104
44%
101
45% 40%
96
-87
96
16
•16
16
187
97%
179
•87
•15
185
54 3
68
55
97 34
15
62
45
104
47%
"105
14
i
80
47'.
47% 47%
106
•97% 98
"46
14% 14%
87%
47
80
105
105
97% 98
46% 47
103% 103% 102
-15
-58
-43
•100
103
17
17
-15
59
*57% 59%
45% 45!o
97% 97%
250
'4
250
44
45% 40%
97% 97%
251%
42% 43%
251
103% 100
102
25% 25%
94% 95
•36
37%
•191
200
pret
American Ice Securities
American Linseed
Do
pref
American Locomotive...
Do
pref
200
106
American Snutt
132
140
Amer. Teleph. & Tele jr..
Amer. Tobao. (new), pref.
American Woolen
95
16
186
179
183
22% 22%
'79% 80%
55
48
32% 32%
53
31% 31%
-68
15
47
l05 34
59
105
85
"64% 56
•U3%114%
14
•85
46
5106
162
97
Mar
22% Feb
Do
100
153
99
47
220
pref
New York Air Brake
2,300
2,401
7,850
7,840
North American
Co., new
IJacitic Mail
eop. Gas-L.cfe C. (Chic.)
Pitt* burgh Coal Co
57% 57 K
48
49%
99% 99 34
Do
Do
Jan lo
47% Apr
89% Feb 27
Pullman Company
t)ailway Steel Spring...
Vdo
pref
Do
&
Steel
...
pref
111
[lubber Goods Mfg
Do pref
Sloss-Shelheld St. & Iron
_
Do pref
48
Texas Pacific Land Trust
39
U. S. Cast I. Pipe <fc Foun.
Do pref
United States Express...
310
100
1,700
"900
1% Standard Rope & Twine..
80% 88% Tenn. Coal, Iron & RR... 10,850
14% 14% anion Bag & Paper
81
Do pref
81
38
96% 96%
121
87
29
66
53
109
126
87
30
69
33%
106%
5.S81
1,015
6,950
1,065
U S Realty & Improve'nt
U S Reduction & Retin'g
Do pref
200
600
Fargo & Co
Union Tele'gph
West'gh'seEl & M f g assen
245
11/
93% 'V
170% 171
•187% 197
79% Jan
3
9
U20 Jan
77
18
35
235
92
3,500 152
ells,
56o
est'n
Tin
80% May 16
49% Oct 20
99% Oct 20
May 31 258 Augl4
May-'
48 Sep 30
Jan 25 105 Sep 31
Jan 23 26% Oct 17
Jan lo 97 Oct 1
24 Marl4 39 Sep 30
94
Jan 25 109% Apr 1
60 Jan 25 118% Feb 24
LOO Jan 13 130 Feb23
% Jan 28 3 Jan 3
08 Jan 25 106% Apr 4
37 % Jan 31 4^% Sep 14
8% J'ne 6 15% Oct 13
68 Ian 10 82 % Oct 1
19% Jan 3 41 Oct 9
Jan
4
Feb2-
Jan 13
2,200
States Rubber
8,200 33% Jan 3
Jan
98%
500
pref
38i. United States Steel
!30,055 24% May22
74,570 90% May22
Do pref
104%
34% Virginia-Carolina Chem.. 12,102 28% Sep 1
2,532 103% May 1
Do pref
107%
300 36 J'ne 5
40 Virginia Iron Coal <fe C.
37%
39
230
-93
Feb 2
Jan 10 34% J'ly 20
Jan
70 Apr
Aug 16 66% Apr
Aug 120% Marl5
11 Aug 12 31% Apr 5
80 Aug 12 94 Apr 19
24% Jan 24 5 1 % Apr 7
97% Jan 7 111% Feb 20
L40 Ma)222 161% AprlS
90 Oct 19 i07 Aprl7
33 May22 49% Jan 4
97% Maylo 115% Apr 3
12%.l'lyl9 21 Mayl5
51% United
112
Do
104%
25%Marll
82% Apr
Oct 18 100
1,250 130
30
452 93
46.160 15
26,600 07
15,75-!
1%
•46
Apr
107% Apr 7
192 MarlO
128
38,285
pref
Republic Iron
7
79
50u
300 45 % J'ly 20
33 4 Jan 31
5,100 87 F'eblO
pref
Pressed Steel Car
249% 250
45% 46%
103% 103%
25% 26
95% 96
37% 37%
*103%106
70
71%
UO
1,100
100
7,500
pref
National Lead
47%
40%
pref.
Do
88
103% 104%
15% lBi,
1-.
M87%197
1* Do
i()
lstyiref
25% Mar 58% Nov
63
8
3 185
60
1,150 52
215 110
Nat Enauielinjr&Stamp'a
15
1,
900 48
7oo 10
International Power. __
Knickerbocker Ice( Chic)
Do pref
\Jational Biscuit.
30% 30%
31% 31%
Oct
:
J'ly li
214
;
50
M
39 % Mai
AuglS
Mar24
Mar24
18% Jan 30
.
50
6
1
,
76
187% 197
pref
Anaconda Copper
Brooklyn Union Gas.,
ruusw. Dock&C.Imp't
Buttenck Co
62
32 Nov
25 Nov
49% Nov
220 Feb 250
19% Aug
Feb 17
OS
.
*
54% 54 34 $54% 54% -54% 56
114% -113 114 4 113 114%
14% 14% -11% 15
14% 14%
•85
-85
88
88
88
*S5
47% 47% 46
40%
46% 45% 40%
•103% 100 <103%
103% 100
106
103 100
150 150
150 151% 150 152
97
97% 97
97
97
96
46
46% 47
40% 45 34 40 34
103 104
103 103% 1 03 % 103 %
*15
17
15% 15% -15% 17
•57% 59% •56% 57
•56
67%
40
40% 46
40% 40% 48
98
97% 98
99
98% 98%
•251 254
250 253
250 253
43% 43% 43% 44% 43% 45
102 102
103%103% 102% 102%
25% 26% 25
25% 24% 26
94% 95
95
96 4
94% 97
•36% 37%
37
37
-36 4 37%
*103 106
103 100
105% 105%
70
70
69% 09% 69
69%
187% 197%
Do
52% Jan
1
American Express
American Grass Twine
Amer Hide & Deather
De
Nov
48% Nov
22% Nov
25
'•
7
Nov
Nov
Deo
Dec
Dec
/;'.'l
oil
102
•14
•55
'
*1S7% 197
Foundry
<k
pref
2250 Feb
236 Jan
13 May
40% May
16,450 40 Sep 1
44% 45% 45% 40% / central Leather ..
4,400x103 Sep 1 5
103% 104% 104% 104% V i Do pref
9,221
45
38 Muy22
40%
Colorado
Fuel & Iron...."
44% 45%
•86
80 Aug 17
96
Do pref
•87
95
4,401
ll%May24
15% 17 Col. & Hock. Coal & Iron
15%
15
5,150
180% Sep 2
184 185% 185% ls7 Consolidated Gas (N. Y.)
20,426
14
13-'4
4
Corn
8% J'ne
16%
Products
14%
5,10'.
40 Aug
Do pref
54% 54% 54% 56%
4,95< r34% Jan 25
43% 44 Distillers Secnrit's Corp"
•42% 43%
300 76 May23
83% 81 4lectrlc Storage Battery.
•83
84
121%121%
Federal
122%
Mining
122
& Snielt'g 1,200 60 Jan 1
4,205 75 Jan
Do pref
96% 97% 97% 97%
12.300 109 May2(
182% 185% 185 186 General Electric
8,200
22
18% J'nelO
23% International Paper.
21% 22
2,535 76 % Feb 6
79% 81
Do pref
79% 80
25% 20%
94% 96%
36% 37%
•103 100 • 103% 100
•09% 71% $70% 70%
•110 112 •110 112
110 112
110 112
110 112
*1% 1% •1% 1% -1% 1%
-1% 1%
-1% 1%
"
80% 80% 85% 86% 85% 86% 85% 85% 85% 86%
•45% 48
•45% 48
•46% 48
40% 48
*46% 48
15% 15% 15
15% 14% 14 % 14% 15
14% 14%
•81
82
82% 82% ?i, 82% 81
81% §80% 80%
3
38% 38 4 37% 38
37% 38
37% 37% 37
37 34
96% 96% 96% 96 6 96% 90
-96% 90 34
96% 96%
•118 125 *120 125 •120 125
120 125
120 125
•85
87
85% 85% -85
87
*84
87
-28% 30
•28% 30
•2b%
30
28%
28%
•28
30
•64 34 67% •64% 67%
05
05
05% 65% •64% 66
62% 62% 52
52 4
52
52
51% 52% 51% 52
•111 111% 111% 111% 111 112
111
112
111%111%
37% 38 % 37% 38
37% 38
37% 37 4 37
37%
104 % 105
104% 104% 104% 104% 103% 104% 103% 104%
"31% 33
•32
33
32
32 4
31% 32
32% 33
• 100% 106% }106%106% 108% 106% 100% 106% 106% 100%
*3'.'% 42
-39% 42
39-%
39%
230" 245" 23o" 845" 230 245 230 245
•230 245
•93
9334
93% 93% 93% 93% 93% 93% 93% 93%
167% 16.1% *167 169% 167% 169% 169% 171 169% 170
:
Du
Do pref
12% 13% American Steel Foundr's.
44% 45
Do pref
140 142% American Sugar Benmng
140 140
Do pref
15
62
•
7
200
100
J3
44
139 34
142
138
•113 '4 114% §114% 114% 113
14 34
*bl
pre!
31% 32% American Cotton
•92 100
Do pref
200
-14
•55
97% 97%
180
*54
12%
43%
138
137
13% 13%
64%
43
43%
70
55
44
54
22% 22 K
80% 80%
55
81 •%
85
139% 139 34
-81% 84
•81% 84
122% 123% *116 124
79% 80
31%
1
45% 45%
Jl87%187% 187
13% 13% 13% 13%
*53% 54%
54
64
•42% 43%
43
43%
55
Do
American Car
42
100% 102
{105
117
9?
25
69
21% Nov
71 Nov
341,640 70 Jan 25 89% Api 14 43% Feb 82% Dec
100 20 Jan 24 29% Apr 16 13 Mai 24% Dec
89% Feb 3 95 Augl9 72% Jan 87 Dec
111,500 31 May 2 2 43% Apr 14
14% J'ly 35% Dec
3,710
% Jan 25 104% Apr
67 Jan 94% Dec
2,000 27% J'ly 19 38 Apr 3 24% J'ne 37% Dec
89% J'lv 11 97 Feb
88% J'ne 97 Nov
10 j20<J%Jan 4 246 Feb 27 180 J'nt 219 Nov
1.161
4% Aug 17 14 Jan 4
5 Aug 14 Dec
2,300
6 J 'ne 7 11% Jan 14
2% Jan 11% Dec
0,050 30% Oct 19 55% Mar 17 11% Jan 43% Deo
4,206 24% J'ly 12 29% Aug 1
400 15% Jan 17 22% Apr 17
7
J'ne 20% Nov
loo 36 Jan 19 48% Apr 17 22% J'ne 42 % Nov
227,250 33 Jan 25 68% Oct 20 16% Jan 36% N ov
9,430 103% Jan 5 122% Apr 15 75%-Jai- 105 Nov
000
4 Sep 2
2%J'nt
9 Deo
8% Jan 14
1,800 20 J'ne 9 28% Mar 7 16 J'nt 29 Dec
1,400 97% Sep 6 100 Oct 16
84 ,400 79% Jan 9 131%Aug24
46 Feb 82 % Dec
200 111% Jan 13 128 Aug23 88% Jan 115 Oct
200 163 May31 200 Aug 29 110 Jan 170 Nov
99 Jan 7 106% Aug 10 85 Jan 99% Nov
34",3O0
6% J'ly 27 18% Mar20
3%J'ue 15% Dec
4,210 35% J'nel4 67% Apr 4 20 J'ly 57% Dec
7,300 130 May22 149% Mar 2 122% Mai 153 Nov
2oo 133 MaylO 141 Augll 123 Jan 141 Nov
130%May24 U8% Jan 6 121 Feb 149% Nov
7*,39i
91% Jan 26 04 AuglS 85% Nov 96 Dec
38,425 20% Jan 26 40%Aprl8 10 Jan 25 Nov
690 93 Jan 6 08%Marl5 69 Jan 94% Dec
9,400 00% May 22 30 Apr 13 61 Feb 120% Nov
100 180% Oct 19 j;215 Feb 14 185 Mar 229% Oct
10% Jan 13 16% Aprl8
12% Dec
5
50 J'lyl
60 % Jan I* 47 % Feb 62% Dec
1,800
:
Amer Agricult Chemical.
24
•
101% 102% •102% 102%
36% 87% 36% 36% 37% 40%
102% 103%
4102 103
102 103
118 119%
117%118
115% 117
•180
•180 190
190
180% 180%
45% 46%
'87
14
24
•87
41
222% 229
•0%
7% *7% 7%
6% 0% •6% 6%
31% 31%
30% 31
27% 27% 27% 28%
18% 1"
•17
18
•40% 41% •40% 41%
04% 68%
03% 65%
113% 114% 114 117
102
142
138
101% 102
102%
37% 37%
45% 46
200
100
12% 13%
102 3>4 •101% 103
116
118% 122
190 *184 190
•14% 15% *14
15
*55
*55
62
VI
104
7%
15
17,150
aimers
'4
•
140
141
139
31
•90
is Cli
II
Do pref
614
84% 85% AmalgamatedCopper
60
37% 38 34
113% 114%
114
6
»185
102
106
81
60
31 34
.
84°,
•87
dams Express
A
d075J oct
'-
"5%
5% 5», American Jlaltinji
5% 5% *5
5%
25% 26
Do pref
25% 21% 24% 25
25
09% 99%
99% 99% 99% 99% * 99% 100 Amer Smelters Sec pref B
12-"% 128% 126% 127% 125% 127% 127% 128% Amer. Stnelt'g<fc Kehn'f;.
Do prel
121% 121% 120% 121
120% 120% 121 121
•25
-81% 84
121
122% 123
97% 97% 97% 98%
179% 179% 180 180
-22% 22% -22
23
31%
83%
'22% 24 %
•87
6% 6 34
30% 32
27% 27%
•17% 18%
17% 17%
41
40% 41%
41
58% 00% 59% 0.".%
84
122
«81
•55
60
22a
7%
7%
3
7
5% 6%
25
25%
99% 100
126%127%
140
142
-138
138
•137
1027f 102
38
37
103
102%
119
116
lilO
•184
60
*
17% 18%
17% 17%
Not
57% Nov
38
)
InduHtrial &: Alfocell
250
230
250
27% Oct
1
41
Ho 1st prel
25%
Do 2d pref
31% 31% Wisconsin Central
63% 63%
Do prel
03%
02',
230
243
0*4
6 4
32
83
27 % 27%
.
140--.
100
220
•222
26% 27
*17% I8 3
113
100
*90
7% 74
6% 6%
33% 33 -v
•102
li-O
1
*38
•24
42
26
32
17% 18%
61%
84% 85%
*22% 24%
81% 31%
81
100
222
120% 121% 121 121
-107% 190
107% 190
*li)2
'•_
•40
•25
31
60
37% 38%
37% 37 34
<
00%
86 3e
85
•87
42% *40% 42 3
61
59% G'l%
•40 %
'<243
17% 17%
00% 60%
85':
42
20
31% 81%
62
62%
%
250
*22% 21% •22% 24
*90
22
229
•40
42
26
»280
'87
87% 38
100% 100%
31% 3l 34
',
oct
34
1
1
"
42
Highest
Lowest
I'
1
1
•Kl
*25
31 34
Highest
Lowest
560 124 Apr 29 134% Feb 16 115 Mar
720 22%.Ian 13 37% Apr 12 17%J'ne
600 34%.Ma>-22 43% Apr 6 21% May
l,oo" 5l»4 Jan 25 86
Apr 12 32 Feb
800 L05 Jan
122% Apr 4 87% Feb
1153% May 17 160 J'ne26 158 Aug
Jan
113
138% Aug24 71 Mai
1.560 B5»4 Oct 2 101% --I-21 z86% Feb
1.700 21 4 Jan i 79% Sep 14
9
Feb
3.023 64%JanlO 92
101
2
42 % Apr
x» J'ly 7 *2% Oct 10
12(1
1 200
17%May23 24% Sep
16 Mav
3,201) 37
Jlay2
48 Fel) 23 32% Feb
200 15 May 1
9% .Mail 3 14%. J'ly
36 May 4 48
Feb
37 J'ly
20 May 4 2-% Marl3 21% J'ne
8,426 20 Apr 29 33% Aug21
10 J'n.
5,000 45 Jan 13 04% Oct 1
37 J'ni
ctfs
1
:
3
21
tr.
181% 182% 181% :;)•.; 130% 132% 132% 133% Union Pacific
'96
97
Do pref.
97
07
18
97% 97
96
70% 76% UinlKysInv'tof San Krai,
70% 70>
76% 70%
76% 76%
Do pref
91
91% 91 4 91% 91% 9 4
91% 91 34 PI 84 92
82
81 % United Rys of St Lou. pre!
*8l
82
81% S
'21%
21% 21 % 21% Wabash
21 % 21%
21% 2 % •21 '4 22
Do pref.
41% 41% •41% 41% 41% 41 J4
41% 42% 41% 42
•17
17
17% WheoOntr& Lake Erie...
*17
18
17% 17%
17% 17% •17
181% 132^
}96% 96%
76'4 70%
1
21%
& W. v.
pref
!>->
132% 132%
Week
Shares
50% 56%
J'o ]>rcJ. vot. tr. ctfn.
117wjU7% Twin City Rapid Transit.
56%
,r,
stock
exchange
125% 125%
•38% 3)4
125
"124
-
Friday
Oct HO
Thursday
lianye lor Preaout
Ramje lor Year l'MS
Sates 0/
</n Oasis ollOO-share lots
Year(iyoi)
the
*t,ock>»
new yokk
[Vol. li xi
2
Dee
Apr
95
J'ne
19% Dec
Feb 220 Oct
9% May 26 % Nov
Mai 82% Nov
19%J'ne 40% Dec
82 Nov 83% Nov
43% Nov 68 Dec
71 Nov 90 Nov
elol
J'ne 194% Nov
10% May 25% Dec
64 % Feb 79% Dec
26 Mai 72 % Dec
8 Sep 12% Oct
48 % Jan 66 Oct
36 Jan 59% Nov
100% Jan 17 Nov
14 Sep 23 % Nov
75 J'ly 87 Dec
14% Feb 26% Oct
80 % Jan 98 % Dec
120 Feb 164 Nov
80 Mai 1 07 Nov
24 Feb 55 Nov
92% Mai 112% Dec
65
J
24% May
67 May
i09
Mar
10 Maj
71% Mar
6 May
37 Maj
14% Apr
74% Jan
44% Oct
Deo
92
244
35
Nov
Nov
94 Dec
18% Nov
73 4 Nov
Deo
Dec
31% Jan •;5%Nov
105
Deo
77 Jan
% Mai 5 Nov
31% Muj 77 % Nov
25 Ma\ 39 % Nov
3% Aug 1 3 % Nov
45 Feb 75 % Nov
6% May 20% Deo
97% Aprl7 40 Mai 8l%Deo
134
Feb ? 100 Feb J 128 Nov
98% Mario 43 J'ly fc4 Nov
40% Apr 18
73% Augl7 36 % Nov 40% Deo"
58% Sep 18 10% Feb 34 % Deo
118% Apr 7 41 Jan 100 Deo
39 Oct 3
8% May 33 % Deo
"5% Oct 4 51% May 95% Deo
39 Jan 3 22% J'ne 44% Deo
1 10
Feb 20 97%Api 116 Nov
52% Feb 24 18% Sep 44 Nov
29
'g
\)S
"-i
Jan 8 :60 F'eb21 {200 J'ne 250 Aug
Jan 17 95%J'nel9 85 May 94 % Dec
May20 84 Apr 6 153 May 185 Dec
Feb23 197 April j.SO Aiie 198% Nov
:
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Union
United
Bid
Ask
%
Exciry 222 4 227
85
90
"U SExcha'ell 125
150
W'ash.li'htsl
225
WestSidel,.. 575
Yorkville! .. 400
i
385
140
Ask
Prospect Pk^
300
140
Kiilgewooill].
140
17th Ward;.
1
Union;
Wallab'outli
.
|
55
195
160
Trust Cos.
Bid
Ask
Trust Co's
Ave Tr
Guaranty Tr
Guardian Tr
Bid
Ask
575
640 •160
220 227
Knick'rb'k'i 1050
Fifth
CITY
Bankers' Tr. 500
N. Y.
Manufactrs'. 365
Mechauicsli 200
People's'
BoroughH
ISO
Broad way 1,.. 300
Brooklyn^ .. 130
»
Bid
Nassau
400
Nat City
3110
North Sldefl. 315
BROOKLYN
First
Banks
BROOKLYN
Home Bank^ 140
310
!50
1.5
530
Bowl'gGreeu 212% 219
Broad wayTr. 165 175
Central Tr'st 2200 2250
Colonial
400 41.5
Commonw'tli
95
26*6" 275
Empire
Equitable Tr
525
Farm Lo & Tr 144J' 1405
Law T I &Ti t342%
Lincoln Tr... 585
Manhattan .. 475 "»00
Mercantile ..
950
Metropolitan 025
MortoiiTrust 92 5
950
Mul. Alliance 210 225
Trust Co's
r
Life&Ti
NY
NewYork
li
Bid
(20
Real Est Tr't 323
Ex
s
rights,
Trust Co.
New
stocic
b
certificates.
Trust Co's
Bid
730
Brooklyn Tr 120
Citizens*
140
200
340
335
105
180
c
Ex dividend and
Banks marked with
rights.
a paragraph
(Tj)
435
145
375'
150
309
200
335
Williamsb'ff. 230
^|
Ask
BROOKLYN
410
StainlardTr't 390
Fbubush
TitleGu & Tr 000 070
Franklin
Hamilton
Tr Coot Am. (75
Union Trust 1450 1500 Home
510
Jenkins
US Mtg&Tr
Kings Co
Unit Stares 14-)0
V.in NMenTr 297
3 15
L Isl L&Tr.
Nassau
Washington 425 4-0
Windsor
200
-05
People's
170
Bid and asked prices; no sales on this day. i Less than 10 J shares. 1
Sale at Stock Exchange or at auction this week.
Ex stock dividend,
ASK
tlODO
are State
270
315
240
banks
5
New York
Exchange— Bond
Stock
—
H
H
.
N
3
1IOMIS
STOCK KNC1IA N Q K
Y.
Weu
I*
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S^
Bronte OoroiUiR 90
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October
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s
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1914-34 ,•!
.1913
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Gold 4s
a
g
t
190*
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10-', 101
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sale
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98
90
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190G J-J
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oi Columbia 3'65s
-J
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J
1924
p"-A
Louisiaua new oonsol 4s. .1914
North Carolina consol 4s. 191c
1919
6s
1933
Bo Carolina 4 *a 20-40
Tenu new settlement 3s. .1913
A-0
Dist
101
ij
lo."> 7s
1
L82H»132»«
10 132* 13
109
v Sale
flSHg
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97*
98*6
19
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105*
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100 >*
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101
A1995
Adjustment g 4S
•••• ...... lOlHiJan'O.-i
10'.U[ Oct '00
..••••
102 Hi Mar' 02
111 Mar*02
119* Oct
J-J
101
105
J-J
102 >4
124 lu
103>4
-J
101 Hi 101
90
96*2
5
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'04
'04
'04
Dec
Dec
F
1908
1911
1913
Senes K
East Okla Div 1st 2 4s. .1928
Atl Knox A X See D. &
Atlantic Coast 1st g 4S./V1952
Charles A Sav 1st g 7s. .193b'
Sav F <fc
1st gold 6s.. 1934
1st gold 5s
1934
Series 1
W
Bruns A- \V 1st "u
Sp Oca A U gu
^-J
Sale
97
95
95Hi I>ec'o4
90* J'ne'o5
15'-.
15 Hi
99
100
96* "»7"9
20
1S 78
10
.\ov
FA
F-A
FA
FA
FA
Ml
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99
10
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Oin 11 <fe D 2d gold 4%R...1937 J.J
Cin D <fc I 1st gu g 6s. ..194 VI. N
CFind& FtWlKtpu48g.'23
I
W 1st gu g 48.1953
C 1 St L & O ace UCC&Stl.
Oln 8 & C See C C C St L
,
Cm
I
<fe
& Mali flee B K P
Olev Cin C & st L gen g 4s 1093
Cairo Div 1st gold 4s
193fr
Cin W & M Divlstg4s.l99]
Clearfield
W Val Div l8tg4s...lH4c
W
C St L& C consol 6s.. 1920
1
1st gold 4s
,.../cl936
Registered
fcl93G
Uln 8 A CI con lstg 5s.. 192s
CO C«fc 1 cou8ol7s
1914
Consol sink fund 7s
1914
G eneral consol gold 6s 1 934
Registered
1934
Ind Bl &
1st pre! 48.1940
1st pf 68...<<193s
O Ind &
Beo & East 1st cou 48... 1 '.Hi
Income 4s
1990
CI Lor <fc Wh con 1st g 6s. 1933
Clev <fe Marietta See Penn KK
Clev&Mahon Val g6s...l93S
Clev & Pitts See Penn Co
1947
Col Midland 1st g 4s
Colorado <fc Sou 1st g4s.. .19211
.
W
W
<fc
Greenv see So Ry
& Hock Val .See Hock Va.
Col & Tol See Hock Val
Ool Conn & Terra .See N & W
Oonn & Pas Kivs 1st g 48.1943
1
7
'-2
:35
.
1
j/tljll
1
38 %
"135*8
'
O
110
1
1
Oct
117% Sep
a
113
Si
95 >a
"9*6
I'i2*'-I
v,
Klv
11.;
'00
'05
'4
*
4
99%
'.I.-
',
116%
119
116
bo^i
J 'ly ''il.
J
n
J
j
1
j
VI
N
\l
rj
\l
s
J
J
VI
N
.'
F
f
J
j
J
i)
J
i)
J
J
A
H
A
V
j
j
103»< 103'8 10378
103'p
102
102
I0134
10134
103 Sep 'cr
100 Oct '04
101 >g....
101 >, ....
103«8 ....
j
o
II
A o
J
J
J
J
F
A
lol
107
'05
Wi Feb
Aug'03
.
10^8
.
01
112
"a
4,
99 34
100% 103
Aug'05
112"8 J'ly'05
123 '4 Oct '06
Id]
116
123
9934
94S2
105 J:in '04
102 Sj Oct '05
.
%lo2%
114>4
12134 12314
135
J
35
131
>.,
1916
1915
2000
96
99
114%
120
116% Jan '0^
74 78 Sale
94 Sale
98
101
74',.
73
9334
04 h
90% 96%
77
126
129 a4
128%13134
-
J'ne 05
127
130
.
129
29
12h,May'05
3
1 04 4 Oct '05
1 06 >a Sep '05
l
.
130%
112% 115
10 12734
1
.
.
.
134
Feb '03
May'05
49
Aug'01
1 02
133
.
IOL'b
....
101%
1^4 Oct
on
~*8
42
110
99 34 100
90
142%142%
11
110
Sep
'04
100 102S
106 3<109%
107% 110
101%
94%
98
89
90
'02
134S?
l
% Mai '05
Jan
108
101% 103 4
100% 106%
100'f
97
105
Si
134
>
90
91J*
103
105
'05
101 14 101 34
106 a4 Sep '05
110 Sep '05
99S4 100
Sale
107 '4
Mgeand col trust 4sA. 1949
Utah Cent 1st gug 4s al917
Rio Gr So gu fiee Rio Gr So
Des Mot & Ft D See
& St L
106% 110%
12S
129^4 Sep '05
10078 101»«
141 ....
."
106*8
106*8
128
1
M
Ees M & Minn See Ch & N W
es Moi Un Ry 1st g 6s.. 1917 M-N
Det M & Tol .See L S & M So
Mack
1st lieu g 4s. 1996 J-D
Gold 4s
1995 J-D
Det Sou lstg 4s
1951 J-D
Ohio Sou Div 1st g 4s. ..1941 wis
Dul<fe Iron Range 1st 5s. .1937 A-O
AO
Registered
.SeeStPM&M
1IJast TenMiun
Va <fe Ga See So Ry
i
Sep
100
96
93 "a
114
103
'05
101
101
95
70
90
84
97
96 Si
116
114
'4
116
113»4
111%116
J'ne'06
W
W
N
Wilk& Ealstgug5s.l94
Ev& Ind 1st con
U7%12034
12034 Sep *05
M-N
108%....
113 ....
109 ....
108 34 J'ly'05
11334 J'iy'04
109 Oct '05
113>«....
113^ Oct '05
105 ....
103 Feb '05
132'4 133% 132 34 Oct "05
130 Aug'o3
130 ....
101 34 10214 10134 102
101% Oct '05
94%
94
94 4 94
88 Nov'04
95 14
96 fe
95 14 96 3
107
.
108% Sale 107% 108%
126% Mar'05
126 V
lol
103
132% 137
IO434
M-N
121
AO
J-J
M-N
J-J
F-A
E-A
M-K
Consuru Gas See P G & C Co
Detroit City Gas g 6s
1923
Det Gas Co con 1st g 6s. ..1918
Ed El 111 Bku 6ee K Co E L <fe P
Ed E IB See N Y G & E L H & P
Eg G LN Y 1st con g 5s. .1932
Gaa<fe Elec Berg Co eg 58.1949
©en Electric deb g 3%s..l942
Gr RapG LCo lstg 6s. ..1916
Hudson Co Gas 1st g 5s.. 1949
Kau City (Mo) Gas lstg 5s 1922
'JO
!62
LN
I* No price
a,
99
F-A
sale
4
X V/4W
116
Mar'9fl
113'. Oct '"6
10!)
90%
108% 116
92
101%
100%
101%
100%
85
l(
92
102%105%
2 'J 3
99 103%
98>4l02
103%Sep*05
m\ 112
lo5%
103% 104
113
102
112
J'ly'04
103 J'ue'O;.
102'4
102 B4
105%
109
112%
100
103
lo2%102=e
Oct '06
111
109*e lll%
113%Mar'00
io3%
ib'2%
102%.
104
L'3 34
102',
94
102
70
107 34
102
Mar'ob
94% sale
106*" J 08"
104% 107
L-6%
96
95
.
.
92%.
105 %
1 22 %
103%
124%.
.
.
;
1*3
.
94%.
103
103
94%
94%
94% 96%
Alay'tnOct '05
S5
Sep
96
Mar'05
81
84
'05
101% Oct
103
101% 102
106%Mar'O3
123
81
82%.
86
S5
95% 96
'99
Nov'00
100
109% May'05
109% 109%
122
90
124
19 34
122
J'ly'05
Nov'9.J'ne"u5
122
123% 125
Mar'04
93% May'04
107% 110%Jan'05
109%
110% 110%
Nov'04
103
W
102
102
loo'u J'ly '06
107 ^
St Louis Div&teim g 3s. 1951
Registered
1951
Gold 3%s
1951
Registered
1951
Spring Div 1st g 3 %s...l951
Western Lines 1st g 4s. .1951
Bellev & Car 1st 6s
1923
Carb & Shaw 1st g 4s. ..1932
Chic St L & N O g 5s... 1951
Kegistered
1951
Gold3%s
1951
Registered
1951
Memph Div 1st g 4s... 1951
St L Sou 1st gu g 4s
1931
Ind Bl & West See C C C & St L
Ind Dec &
1st g 6s
1935
1st guar gold 5s
1935
Ind 1 11 & la 1st g 4s
1950
Int & Great Nor lstg 6s.. 1919
2d gold 5s
1909
3d gold 4s
1921
Iowa Central 1st gold 58..193S
Gold 4s
1951
Jetterson RR &ee Erie
G R See L S & S
Kal A &Mich
an <fe
.See Tol & O C
K C Ft S &
See St L & S F
K C & R & B See St L & S F
1023*
Oct '04
Aug'05
Oct '01
106'4
10634
106%
103%
106%
& Tex gold 4s ...1953
Registered
1953
Cairo Bridge gold 4s
1950
109% Sep '05
107% Dec '02
100% sale 100% 100%
122%
I.OSzAug'uo
101%
101% 101%
109% 109%
...
109 4
l
78
82
114% 119
83
99% 100%
122%
103%
119
(00
703«
81%
81%
11334 Sep '05
86
87
Aug'05
Sale
72
63
Oct '00
82
112% 116
So
88
70
76%
M
M
101*8....
114
121
117
102
....
....
....
103
107%1J0
120% ....
107%.
J-L
11134
.
Registered
1940
Lehigh Val (Pa) cons g 48.2003
Leh V Ter Ry 1st gu g 5s. 1941
Registered
1941
Leh V Coal Co 1st gu g 5s. 1933
N
Y
1st
guar
g4s..
Leh &
1945
Registered
1945
1st pi 6s
1914
Gold guar 5s
1914
E1C&N
& Hud R See Cent of N J
& Wilkesb 6'ee Cent of N J
Leroy & Caney Val See Mo P
General gold 4s
Ferry gold4%s
Gold 4s
110
10234
105
113%.
116
117
121%
Apr'05
101% Sep '05
107% Sep '05
117% Jan '05
116
114
J-J
n/l->.
A-O
A-O
J-J
.M-S
M-S
A-O
A-O
119
Unified gold 4s
Debenture gold 5s
Guar ref gold 4s
Bklvn<fe Mont lstg
A1931
1938
1922
1932
1949
1934
1949
6s. .1911
n
Hl 34ll2%
Apr'05
It
U0%112%
112\
111»4
119%,...
118% Oct
109% Oct
114%.
97%.
115
104
117%120
112% 116%
117% 120
'05
109 ...
108% Aug'05
10U<4 101% 10134 101%
108% 108%
101%
26 10134
117%119%
'06
'99
J'ne'05
97% Sep
115
97%
'05
115
99
.
103%.
106% Nov'04
115%
116
101% Oct '05
102% Sep '05
99 % Oct *04
100%10034 100% 100%
M-S
J-D
110
M-S
105
116
10634 ill
Gold 5s
117Sill7%
Unified gold 4s
108%110S,
109% 109%
U334 114
Coll trust gold 5s
5-20-yr col tr deed
1937 M-N
1940 J-J
194o J-J
E H
Nash
1931 M-N
g 48.1923 A-O
6s
1919 J-D
102%
111%
110%
111%
120
105
12
i
•ale
105
112
100% lo3
101
lo3%
111%111%
112%J'ly Or
107 Aug'05
121% Oct '05
104% 107
112S;112%
119
117
liS J4 Mu>'0..
105
101%
12-
119%
102% 105 %
!01%J'ne'04
115%117%
9s%sale
12034
12034
98%
98
108% 109
108% Oct '05
105% May'05
N
110
011
00% 102%
102% 105
lll%May'05
ami Electric Light
Lac Gas Lot St L 1st g5s.el919 Q F
1934 A
Ret and ext 1st g 5s
Milwaukee Gas L 1st 4s.. 1927 M-N
1:
117%
Mar'03
Mar'o.
Si
114
1st
1
110 J'ue'04
10134 Sep'o
101%
114»4
<fc
116
101%
103
98
MS
Aug'05
100 L4
J-D
M-S
1911 M-S
1st 5s
Registered
'05
'05
Oct
119
115%Sale 115% 116%
116%117Si 118%Sep'o6
N Y B&MBlstcong5sl93b A-O
1927 M-S
N Y & R B 1st g 5s
121%
NorShB Istconggu5sol932 y-J
114%116
104%
Louisiana & Ark 1st g 58.1927 -M-S
101 104
L,ouisv <fc Nashv geu g 6s. 1930 J-D 121%,
J'ly'04
J'ue'05
51
Leh
Leh
98 6«
134%i36%
llO^Sep
109% J an
J-J
1941 J-J
2d gold 5s
94 %
9534
120% 124%
72^
<fc
North Ohio 1st gu g 5S..1945 A-O
L Sho & Mich S See N Y Cent
Leh ValN Ylstgug4%s.l940 J-J
1st consol gold 4s
134% J'ne'05
121%
iS'ee
96
105
118
116
L N
Keok&DesMo SeeCRI&P
Knoxville & Ohio See So Ry
Lake Erie&W lstg 5s. .1937
Kentucky Cent
103% Long Dock .See Erie
Long Isl'd— 1st con g5s./il931 Q-J
114%
126% 126%
72%
1950 A-O
91
Mar'05
124 S;
104S2 Sep 'On
110
A-O
5
4S
4
114% 12034
97% 100%
114% 117
J'ne'O.
l
Next fa.se.
iitLs
J-D
M-N
A-O
J-J
J-J
F-A
M-S
J-D
F A
F-A
MN
A-O
Kings Co El L&Pg6s...l937 A-O
Purchase money 6s
1997 A-O
LEd El HHkn lstcoii
111
1952
1952
Registered
iUIsjCELLAN&OUN liOMKS—Continued
lias and Electric Light
(Atlanta G L Co lstg 5s.. .1947
IBklyn U Gas 1st con g 6s. 1945
ButtaloGas lstg 6s
1947
Consol Gas conv deb 6s
1909
J
1951
1951
1951
1951
1951
1st gold 3s sterling
Coll Trust gold 4s
iVI-N
gug6s.,1926 J-J
114
So Pac
.See
101% 101%
124% 124%
A-O 134
M-N 115%....
S2
100
:
J-J
10834
107% 110 S2
113% 117%
1
F-A
A-U
J-L
W Tex
Registered
101
101
96*8 95 %
95%
81 34 Mar'05
a
94"4 93 4 Sep '00
115 J'ly'05
120 34
J-D
lliqh
<fe
m-n
M-S
M-S
A-O
Apr'05
Oct '04
102% May'05
***•
J.J
A O
J
Kan C Pacific See M K & T
Kan City Sou 1st gold 3s.. 1950 A-O
fast of
Elgiu Jol & East 1st g 58.1941
Elm Cort & N o See Leu & N Y
Erie 1st ext gold 4s
1947
2d ext gold6s
1919
8d ext gold 4%a
1923
4th ext gold 58
1920
6th ext gold 4s
192s
lstoonsol gold 7s
1920
let consol g fund 7s
1920
Erie 1st con g 4s prior.. 1996
1996
L Registered
lstoonsol gen lien g 4s. .1996
Registered....
1996
Penn ooll tr g 4s
1951
'60-year conv 4s A
1953
3uftN Y<fe Erie 1st 7s.. 1916
Butt & S
gold 6s
190S
Oklo<& Erie 1st gold 5s.. 1982
Jett RR 1st gu g 5s....al909
Long Lock consol g 6s. .1935
Coal&KR 1st cur gu 68.1922
Dock & Imp 1st cur 6s. .1913
N Y & Green L gu g 6s.l94(
Y Sus <fc
1st rel 6s. 1937
2dgold4%s
193
General gold 6s
1940
Terminal lstgold58... 1943
j
Regis $5,000 each. ..1943
MidRRolN J Istg6s.l910
H&
3%8
M
loo's.
1937
1916 J-J
2d 6s
Dul Short Line 1st gu 5s.. 191 M-S
Dul So Shore <fe Atl g 5s.. 1937 J-J
101
•
1
E!
Extended lstg3%s
U6%116%
un
I.
120 '4 124%
lO0%112
Sep 'OS
112
114
101
1
,SeeCB<fcQ
Registered
71% 84
74%
129 Hj 132
96Sj.
Improvement gold 6s. ..192s
RioGr West 1st g 4s
1939
1
ousatonic See. N Y N
11
Hock Val lstcou8olg4%s.l99:i
Registered
1999
Col & H V 1st ext g 48..194S
Col & Tol 1st ex 4s
1955
Kegistered
Feb '04
126%
Sale
100 % Sale
Greenbrier Ry ,S'ee Ches & o
Gulf & S I st ref <te t 5s b 952 J-J
E&
92
101
Qcoll tr4s 1921 J J
1921 Q-J
Han&HtJo
lanvary
y.
Ry
I.ouisvDiv&Term g3%s.l953
Middle Divreg5s
1921
Omaha Div 1st g 3s
1951
100 S2
129
11258
104
1033 8
1st Gs... 1921
B<fc
Registered. /i
A
A
Pac Co
V Ceni
Penn KK
L 8 W
Term
Gt Nor— C
Since
-
55
N
Oswegat
1st gold
4i
"2
.See So
.See So
.See
Ind .See
.See St
V G & Nor
<fe
913 A-O
Line
Line
1sl 5s.l
See Sea
See sea
Nor
<fe
U3%114
Illinois Central 1st g 4s. .1951
99 Sj
74!4
99
73
112
100
73>3
127
1923
Term & improve 4s
1923
Syr Bing <fe N Y 1st 7s. .1906
Warren 1st refgug 3 %s. 2000
Del & Hud 1st Pa Div 7s. 1917
Kegistered
1917
Alb & Sua 1st cou gu 7s. 1900
Guar gold 68
1906
Reus <fc Saratoga 1st 7a. 1921
Del Rlv RR Bridge 6'ee Pa RR
Denv<fc R Grist con g 48.1936
Consol gold 4%s
1936
Det<fc
Car
109%...;
112%....
104 ....
H oust & Tex Cen iecSoPacCo
135
104SiNov'01
10676
I
I
<ia
Hoiist
135
A-O
Construction 6s
'
H&HoflSS2
(4eort'ia&Ala
Gray's Pt
98 Si 1013,
100% 103't
'
o 100
<fc Western 7s.. .1907
Morris* Essex 1st 7s. ..1914
NY Lack* W
'alliar&SA SeeSoPacCo
Grand Rap&
104
102
101
100
it
-
W
ijeorgia Pacific
Del Lack
lstoonsol guar 7s
Kegistered
1st ref gu g 3 %s
M
<iouv
<fc
<fe
AO
(•ilia
Col
Dak<feGt8o 6eeCM<fcStP
alias
Waco See M K T
!•'
1st general gold 5s
1942 A O
Mt Vernon 1st gold 6s. .1923
Suil Co Branch 1st g 68.1930 A-O
L'argo & so .see Oh
<w st i
'
li lit <fe Perc -M
,Sw Pere Mar
M.i C<fe Penin />eesea Air Line
Eort St U 1) Co 1st g4%s.l9il J-J
Ft
<te Den C 1st g 68
1921 J D
Ft W<te Rio Or l«t |.Ms..
J-J
'T.'ll
"99%
Price
1.
.Sal.''
i
"'
"'
i'i-
Range
Week's
rut a
STOCK EXCHANGE ^
Range or
s
October HO
Last
Wkkk KNIjINO Octobeb 2o
BH
i-.ne A l'itt»
ask Low
Hujh No
.see Penn Co
I'.vair & T H 1st eons (is. 1921 J-J
122 SaU 122
1
122
Y.
-V.
>.,
J.J
<fe
St L Div 1st col tr g 4s. .1990
Registered
1990
Spr <te Col Div 1st g 4s. .1D4()
Colum
MN
93 Dec 'OH
136 T8 API 'o.r
i'_o
Har'04
122 Hi
HO's Oct *05
98 > 4
98 'v
113 78 St;p '06
loo
1
1
133*8
L38V)
Hale
103'.,
January
Ash
!:;:.'.,
99
114
.Since
/.Oil
134S
122^
J -J
or
Lam SaU
9434
to
ChStl'«fc Mum
Nor Wisconsin 1st 6a. ..193(1
8 city lstg Us...l'.)l'.i
St
Chicago Ter Trans g 4s.. .11*47
,
Ranye
Vol. lxxxi.
2
BOM»
Range
WeeK's
J 'rice
hriday
October HO
N. Y.
—Continued—Page
4s 1939 J-J
1143,
S334 sale
170 Sale
103
104
112
104
.
114% Oct
81
171
103
105
112
113
85 196 66
172% 60 168
'05
99%103%
Oct '05
Sep '05
105
105
Nov'03
61% Oct
'01
"90%!
91 Sep '05
107 34 Dec '00
Ill
97
107
109%Feb'05
100
118
85
189
89% 92%
I
May'05
58. ..1948 J
lOli
OhG-L&Ckelstgugos 1937
Con G Cool Ch lstgugos.'36
J
j
J
D
N
.Yj
•
12234 127
b
93% Sep
93%
91'\|
103
92
119
Si
Apr'05
102
102%
102%
'4
100
103
91
105% May'05
123
106% 107
106%
118% 1 19 %
102 % 108
103
g
123
106%
Dao
Utta
103
105% 105%
Oct '06
127 «
106% 109
110 Sep '05
10 = %
105 109% 108% Oct '05
106 lu7 I06 -a 106%
101
....
110 Ma>*05
110% 112% 113 Jan'O
oUiwoct
9734
103% 109%
May'05
103%
12.5
93%
108% 111%
110% 110% 110%
92% 92% Oct '05
103% 103%
116%
Mu Fuel Was lstgu g 5s. 1947
Syracuse Lighting 1st g 5s.'51 J I)
1'reulou G <b El 1st g 6s.. 1949 A &
94% 94% Westchester Liaht'ir g 58.1950 J •D
Due Feb dDueApr eDue.vluy /lUuej'ly /cUueAug
.00
122% 123 124% Sep '05
96% 963, 94%Api'05
Friday: latest bid ami askeu this week, a Due., an
09% 109%
VGELHitePg
Purchase money g 4s. ..1949 F A
Ed El 1U 1st conv g 5s. .1910 M a
1995 J j
1st consol golaSs
XYiyElL&Pl6tC0ng5sl930 F-A
N Y & Rich Gas 1st g 58.1921 M-N
Pat & Pas(j<fe E con g 58.1949 M s
Peo Gas & C 1st con g 6s. 1943 A
Refunding gold 5s
1947 M-S
107 34 110
105% 106%
'05
108
110
107% 109%
104% 107 Si
10 112%
111%113
1
s
Option sala
;
J
MINIM
»3
STOCK EXCHANGE i>
WKBB ENDING 0CTO11BR -0 5$
*».
I.
N
Penaacola Dlv
8t L Dlv 1st eold
(told 6b...
1'.
126*2
120%
19121
lis
94(
LAN A M A M 1st g 4 1952
LA N-Soutli M loin is...193"
1
t
N
A 8 1st gu c 5s.
A Atl 1st gu e Ba..l921
Fla
Pens
SAN
Ala con mi s 5a.. 1938
1910
sink fund ptplaOa
BdgeCogug4s..l94'
LA
L N A A Ch *<•<• I A L
Jell
79
119
81%
M
139
109
117
107 Sj
93 Si Sale
6s
«8
Registered
"by%
4s
7
s
Si
109% Oct
94%
96%
94 '4 Sale
96 Si 97
.
99
129 '4
122 S3
99
115 116
91
99
92 Si
LAN
100
1951
••••••
'4
87
94% 97%
New H A D SeeNYNHAH
N J J udc BB See N Y Cent
New A Cm Bdge 6'eePennCo
N O A N K prior lien g 6s pl!)15 A-0 112%
N 1 iskin A Man Bch See L 1
99 4 Sale
N V Cent A H BlTg 3 Vs. 1997 J1907 J-J
1934 M-U
Deben g-4s
g 3Sj8...1'jy& F-A
1998 FA
Mich Cent coll g 3 Sis
1998 F-A
BeKiatered
1998 F-A
Beech Creek 1st gug4s.l936 J-J
Registered
1936 J-J
2d gu gold 5s
1936 J-J
Beech CrEitlBtg 3Sisoly51 A-0
Cart A Ad 1st gu g4s...!9Sl J -D
Clearf Bit Coal 1st s 4s. 1940 J-J
Gouv AOswelst irug5s 1942 J-D
coll
Begi8tere<l
:
gug4a..lUUl M-S
1st 4a.. .11 38
con mi
it
4s 1993
.
75
107
102 '4
91
h8
90 «
88
Sale
Sale
91
101%
116S2119*4
115% 119
in
93% 96%
Si
94
98
93%
93*4
05 Si 100 >4
125% 129
107
'05
104
106%
Oct
'05
103
103
103% 104's 108% 104
102 ...
105% Oct '05
102*4
103*2
106%
105%
A South 1st g5s
1941
Norf A Westgeng6s
1931
Improvem't A ext g 6s.. 1934
New River 1st g 6s
1932
N A Ry 1st con g 4S.1996
Registered
1996
110*2
111% 112
DiT'llstlAgeng4s...l944
99'4
A
90
106%
91H)
.
103
W
See Erie
See Cent of
S-
126
112 Aug'06
133 Si Jan '95
133%
131%
129
101
96
101
Si
Si
7
,
104%
103%
Sale
78
79
125*8
115S3
1948
Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal See So Pao
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
See C C C A St L
OInd A
W
hio River RR 1st g 58.1936
General gold 5s
1937
Ore A Cal See So Pac Co
A
102%
103
107
105
106
105% 105*8
79% 85
99
100 Si
100% 102
90
93
30
89
l04Si
103*2
75S>
74*i
106%
106%
78%
125
126%
78%
76%
99% 102
,
,
'1
'05
125
132
Oct
109
J'neOS
J'ly'99
112*4 J'ly '03
107% 109
116%
114% Aug'05
114*9116*9
115%.
118% Feb '05
100
118% 113%
111
A
102
Si.
.
lOOSi
Apr '05
Oct '05
116
111
99%101%
100
100
115%
115*4
112
115*i
102%104*9
Apr '02
102
111
92*9
92*2
104*2 Aug'05
*a
M
99% 101
6a
109%
109%
108%111%
120
117% 120
J
103%Aug'03
C 3*28
194s M
8eriesD3%8
1950 F
Erie A Pitts gu g 3 Sis B. 1940 J
98Si
B
1942
C
106
93'.
93
A
90
98
Si
99
1940 J
Jan '04
Nov'00
98% Apr '04
104%
J
112*all3% 112*2 Oct
113% 11 2% Oct
112*9
J
04
112
103
Si
93%.
1<>5
.
123
.
121
112
119
108%10L'*< 107
exist
itu
112Sill4%
112% 113%
U2%118
J'ne'05
J'ne'05
127% Oct
1912 J
Consol gold 5s
1919 M
Consol gold 4s
11)43 M
Convertible g 3Si8
1915 J
Convertible g 3Si8
1912 M
Alleg Val geu gu g 4s... 19 12 M
CI A Mar 1st gu g 4%b..193C M
U R R R A Bge 1st gu 48 g.*36 F
Si
'06
'05
96%
93
'02
Mar'04
Apr'04
Sep
107
106
F/eb'05
111*2
110
100
103
103
96 Si Sep '05
A1912 A
RR 1st real est g4s. 1923 M
I
J'ne'05
102
3d 7s
RA
84"
98%
98*9
97
96
98*2
98Si
2d7s
Gr
106
116%
D 4s guar
1945 M
E 3 S> guar g.... 1949 F
F 4a guar
1953 J
W A C 1st 7s. ..1912
J
Pitts Ft
107
104*2
104'f.
106's Sep '05
116%
Penn
108
103*a
Pgengug4Si88erA.'42
106% 107 S,
'02
'05
100
LA
A
Series
8eries
Series
J'ly'00
Oct
Hep
109*2 109Sj
98%
117%
<
Si
109 Si Feb '06
103
103
106
88 *a 90 '„
89% 91
96%
"97""ibo%
94*a 98
lOOSl
92*2
100
116
PCCAStLgu4*28A...l'.llo A
Series B guar
1942 A
Series C guar
1942 M
98% 100%
93
96*2
104%
100
Aug'06
102 Nov'98
93*2 Aug'05
98*2 Oct '05
Series
Series
Apr '02
Si
107 Si
*a
KM) % Sale
92 Si
J
1921 J
Guar 3Sis coll trust reg.1937 M
G uar 3 S28 coll tr ser B...1941 F
Tr Co certif'sgu g3Si8.19i0 M
C St
P 1st con g 5s. 1932 A
Registered
1932 A
117% 117%
100*6
76 J'ly'05
101*2 Sep '05
112%
106
99%
78%
100 Si 102
Wash Cent lstg 4s
,
101
FA
A-O
%
133*2 133 Sj
132*a 132%
132%May'05
132 Si Deo '01
101% 101%
99% J'ne'04
Sale
107%
103%
N
123
114% 117
119 124
Oct '05
90
Oct '05
106% Sep '00
102 Mai'01
95
9
131% Apr '03
125%
Registered
1996
C B A Q coll tr 4s See Gt Nor
St P A
P gen g 6s
1923
Registered certinc's..l923
Paul
St
A Dul 1st 58.. ..1931
2d 5s
1917
1st consol gold 48
1968
120
90
90
89
,
1
NJ
Pocali O A C joint 4s. .1941
CCATlstgugSs
1922
Scio V A N E 1st gu g 4s 1989
North Illinois See Chi A N W
North Ohio See L Erie A W
.
90
1
Y C A Hud
See D L A W
W
107 Si.
88
101
'05
'02
1
N
.See
NYC
W
'05
102%
100
101% Oct
A
Ore RR A Nav See Un Pao
96% 99*4 Ore Short Line See Un Pao
113% 116% Oswego A Rome See
92% 95
O C F A St P See C A N
Oz'rk A Clier C 1st gu 5s g.1913
1_>ac Coast Co 1st g 5s
1946
ac of Missouri See Mo Pac
Panama 1st s fund g 4*28.. 1917
122
90 "h
's
99
107-1 Feb '06
A
.
.
gag 68.1918
Blk Btvgag4s.l922
St L 1st g 48.1937
Registered
1937
N V A Green w l^ake See Erie
llOSi
'03
90%
102
'05
Oct
100
.
Si
g 5s...«1915
u'u
RWAOTRlsl
Utlca
N V Cine
95
98 Si
104SillO
103 105 Si
100
83 St
Sep
99
124
120
108
104%
101%
Oswe A B 2d
Series
98%
124
119
106
117*2119%
93% 96%
12
92 >4
Nov'04
09%
124
Feb n5
119 J 111 Mr.
106 J'ly'Of)
106*2 Nov'00
118
NACBdgegengug4*2«1945
:,
124
109% Apr '04
Si
99%
106% 107 Sj Nor Pac— Prior lien g 4s. .1997
104 Si 108%
Begistered
1997
103% 107
General lien gold 3s
a2047
121 Si 125%
Registered
a2047
105% 110%
St Paul-Dul Dlv g 4s.. ..1996
96-4
Si
103 Si
Si
18% Sep
113% Jan
94
111
114Si
104 78 109%
106
110
121 Sep '05
114Si 114%
124
Oct '05
1 17 H Mar'05
113 J'ly'04
Sale 106
00 ^ 83
123
'05
'03
i05%ib*6%
CI
Mex prior lien 4*28.1926
itered
11
Registered
W
1st consol 4s
1931
1940
1940
1961
1962
6
106
Sink land subsidy g 6s. .1910
121>4l23%
114% Salt
122%
113%
U3>4
Si
.
119Sj.
Penn Co— Guar lstg 4*28. 1921 J
1
Mash Flor A Shef See
123
139
.
1931
102% Nor
84% ^S%
103% 11 .9
126"4J'ne'05
99 Sep '05
115% 115Sj
101
102
Sep
Jan
103%
119*2 Mar'05
26 Sj
20
100^104*4
98
98 S3
130
129%Oct '05
96SJ
KiO
l
lllSiMar'04
96 Oct '05
97 Sep '05
96
ku%
99%
100 Si
May' 05
105*8 Mar'05
B2%
107 1<
112%
100%
IK)
Si
K»9Sl
H'|% 103
...
14%
1
V"
'06
94
107
107
99%J'ne'Of
1021i
100",.
106
New York New Hav A Hart—
Housatonic B con g 5s. .1937
137 137
N H A Derby con cy 58.1918
10,8% 111^
-N
A North See N Y C A H
l'-'ii»4 122
N Y O A W ref lstg 4s..ffl992
113% 113S,
Regis S5.000 only
(/1992
14 % 117% N Y A Put See N Y C A H
7
98
06*a
N Y A B B See Long Island
*
96
98% X Y S A W See Erie
N Y Tex A M See So Pac Co
110 Mar'05
1 03 Si Sep '05
1 19 14 Oct '05
1 16 Si
115 ^
103 Si
119Si
115
1(13
110%
115%.
N Y L EA W
N Y A Long Br
101%
97% Oct
109
Ml."-.:
108
'4
123S,
135*8...
N V A Harlem g 8%a...2000
Recislei-i'd
2000
N YA North 1st g 5s. ..1927
R W A O con si ext 68. ft] 922
N Y l^ck
J'ne'05
Ki'.l'v
108%
lli'.M.
'4
122%
LA s 1st g S%8
1st R8%8
Bat CA stur 1st go gSa.1989
J
May'00
107SiAug'or,
93 Si
94%
M
97%
107%
Mouongahela Kiv See B A O
Mom Cent See St P M A M
Morgan's La A T See S P Co
Morris A Essex See Del L A \V
^' ash Chat A St List 7a. 1913
1st consol gold 5s
1928
Jasper Branch 1st g 6s. .1923
McSl M
A Al 1st 6s. .1917
Branch 1st 6s.. ..1917
1st
1
N Y A Har
i'«.NYC4H
uno B gu
'4
H'9'4
108% sale
1
No Low High
I
94% "99 Si
>-i
lstgug5s...l'.'43
1st
11
87
87%
88
88
107 Si 108S, 107% 107S,
92'j 92
92
b2
109
105 >4 Dec '04
931a 97 S2 97 Si Aug'05
113
112
113
109 109% 109% I0914
109 S, 109% 109%
107"
106%J'iy'05
106
10! 108 Sa Aug'05
106 Sale 106
106
125% 1-5^ 125 Oct '05
•<
106 Si Sale 105
105 Si
1944
W
N V A Pn
19
18*v
101 Si
IOISi Sale
VA
N' J J
26 V
Si
102»< 101 S: Sep '05
103 Nov'01
102
1900
1920
1st consol gold 6s
Trust gold 5s stamped. ol917
al917
Registered
1920
lBt coll gold 5s
1945
40-year gold loan 4s
Cent Br By 1st gu g 4s. 1919
LlstgSs 1926
LeroyAO
Pac BolMo 1st ex g 4s. 193s
2d extended gold 5s. ..1938
St L IrM A Sgen con g 5sl931
Gen con stamp gtdg 6b 1931
Unitied A ref gold 4s. .1929
Kiv A G Div 1 st g 4s. 1 9 33
1st g 5s. 1926
Verdi V 1 A
Mob A Blrm prior lien g 5s 1945
Mortgage gold 4s
1945
Mob J A K Cl6tcousg 58.1953
Mob A Ohio new gold 6s. .1927
1st extension gold 6s.. A 1927
Geuerai gold 4s
1938
Montgom Div 1st g 5s. .1947
Si L A Cairo coll g 4s..«1930
Muaranteed g4s
1931
coll 4s See Southern
Moh A Mai
-'4'.
17
97
97
97 * Aug'05
97
So 1st gu g 5s. 1943
Lake Shore
73
120 Si Apr '06
113 '4 Mar' 05
114'j J'ne'06
98
Missouri Facinc 3d 7s
Natoi
'05
10S%.rne'05
115% 118
M
M K ATofTlst.gug5s.1942
TAP
1
.">
Li
1 6
I
January
stiii'
iln/li
102
1
137
110*2
ffl9Ul
Mohawk
Sj 1
60 103% 107
104
KM
I06 Ss 109
103
Apr '05
105
1st g 4s.. .10110
MAO AMal
4
yy"%
"4 "s Sep '05
90%J'ly'01
97"
St L Dlv 1st ret e 4s. ...2001
Dal A Wa 1st gu g 5s.. .1940
Kan C A Pao 1st g 4s. ..1990
Mo K A E 1st gu g 5s. ..1942
1942
K A Ok 1st gu 5s
A
1
NW
2d eold 4b
1st ext gold 5s
Sh
1
112%
81
Sale
26 V Sale
IS Sj Sale
M
A
M StPASSMcong4intgu'3*
M S 8 M A A 1st g 4 lnt gu 1926
Minn Un See St P M AM
Slier
1
h'anae
Since
or
102
100
100
AG
i»8'4
1 B
*s
Last
Ask Low
109
2;!iil
1997
1928
DetMouATol 1st 7s. 1906
Blstgii 06a. 1988
Ka A
Mahon CI BB 1st 6s.. 1934
PlttaMoKA V lat gu 68.1932
2d guards
193
MoKeesA B V 1st g 6a 1918
Mich Cent 1st consol 68.1909
98\i '.i>2Si
lit)
108
i'6
Bid
Beglsteicd
Del un Mire g 4 s
"s
VIS. 74%
U3*»U4' W
18
—
Beglstered
V Cent
W
Tex A Okla
'06
October 80
V Cent A M B CCoJlttJltMid
Nor A Mont lstgng 61.1916
West Shoro lat 4s gn...2301
Lake Shore gold 3%8....1997
1-5
See Erie
See Chic A
Mil L 8 A
A St f
Mil A North See Cli
Minn A St L 1st cold 7s.. 192
1909
Iowa Ex 1st gold 7s
Pacino Ex 1st gold 6a. ..1921
South West Ex 1st g 78.1910
1934
let consol goldSs
1st and refund cold 4s. .194"
.'35
1st
gu
4s..
A Ft D
Des
Minn A 8t L gu See B C B N
Mo Kan A Tex
'Ofi
106% Oct
106% 107
i
6«N
74% Oct
114% Sep
104
Colonlr It 08.. ..1934
HcK'pt A B V See N V Cent
Metropolitan El 6'cc Man By
Mex Cent oonsol gold 4s. .191 1
1st oonsol income ft 38.al93i*
2d consol income c 3s..alS'39
1919
Equip A coll gold 6s
Coll tr c 4^s 1st set. ...1907
Hex Inwru.it 1st con g 48.197
1977
Stamped sruaranteed
Uei North 1st gold 6s... .1910
Mich cent
Mid ol N J
126 Si 12S
114
114
I81*al2
Apr '06
103%104% 103%
W
8
109
128*1 132
N'
Registered
ahon Coal See L B A M 8
l'l anhat tan Ry oon8ol4s.l990
1990
Roinst ered
190>
Metropol El 1st (6s
\j
Wan
109
Oct "09
Aug'05
113 Nov'99
101>a 102*1 lolSiOot '06
109
110\ 108 Sep '06
98 Sale
98
9S%
116%119 115*2 Sep '06
112*2 Mar'05
1U
116** Mar'06
112%
no Mar'os
102 Si
09% J'ne'05
07%
I
>-js
ICar'06
121 "aMay'ofl
74
116
107
1980
Atl Knox A Nor 1st t5sl94(
1931
Bdgelstst
6a.
Hender
K
Kentucky Cent nold 4a.. 198
Htqtx
Week's
Ramgt
W'KKK BINDING OOTOBKB 20
1
l.oio
lYice
STOCK BXCTH \XOK
N. Y.
January
3)<
fiale
1227
BOMM
h'ani/e
fittll
High No
109
131
1S8
114
'»
109
ISO
3s
•2d a-old
Last
AMk Lone
131
1980
KOld 0a
2<1
Week"!
Range or
111%
1st sold 6s. ...1930
i _
/"rice
fYidau
October 20
Bid
LouisvA Nashv—(Continued
LClD * Lex *Old4%a...l93l
NOAM
OA M
. ..
,
Bond Record— Continued— Page 3
Oct. 21 1905.1
>
3
1
'04
106
Aug'()3
100*2 Oct '05
105
104%
110%
104%
105
00 Si 102%
239 101% 107
1
Nov'97
102
110
Jan '06
110
110
J'ne'06
111
111%
98
18%
B8
l03Si
110%
g4Si»194llj
1
11
'4
.Hist ELI.A.NEOl ,"> liOND.H— Continued on Next I'nae
FA
Conl nnd Iron
Col
I Co gen a f (6a..l84S F-A
Convertible deb g 5«
1911 F A
'J A I Lev iiu is it.. 1909 J-J
COI (Ue.
i'JUi M-N
8l I'.iv Coal A C lstgiisl91H A-O
Co. 1 mlnslst convoH mi A
r A
1-' g A oil 6s |iu ."-er B
Com n'tal C lat s r gu 5a g. 1952 F-A
Jen A Clear C A 1 lat g 6s. 1926 J-I1920 J-D
,
FA
1
K:n.
A H C A Clalaf g5-
Val Coal lBtgBf5s
'Jiijo Coal gen 5b
I'enn DlT
l.-.i
k6*
JJ
J.J
al917 A-0
103%
94
90
107
73 2 Sale
7 2
bale
104
101%
105
104
J'ly '05
.
102
105Si
85
90
92
Telegrnpli nnd Telephone
Telep A Tel coll tr 4s 1929 J-J
Comin Cable Co 1st g 4s. .2397 Q-J
Am
MetT AT
N YA NJ
107
102*2
105 Si
05
LOO
112
112
102
104Si
91
*N'o price Friday; latest bid and aakeu this week,
98*9 100*4
112
Due
M-N
.
.Ian
7
;
V111
Hide
k
Amer
1915
4%a
exi
A L 1st ({gOs.. 1919
Ice Sec 11 r deb g
L10
112% Am Spuita
103
108
93
86
}4%8... I960 M-N
96%J'lv'o5
08 Aug'Ofi
95
08
LO0%May'O
111*2
1
1
14 '2
lll-i
H2*v
1
11
'4
109*2 109
i
o>
1
....
'06 ....
ep
•,...
108% iV:i"
10 104*9
107
L08
mi;
Si
ly'08
1
106
107%....
....
....
K)7%
llo%
J'ly hi
WiuiulactiiriiiK cV Inuuntriul
Am Col Oil
1 1
a
in Is
fund 6s... 1911 M-N
Northw Tel nut 4SiSg..l934 JJ
11
104*9 107
Oct 'un
100 '4
MM
fg5a
real est
Mut U Tel
66*2
May'97
Oct 'o;i
Oct '06
Oct '06
and
Fit
72*2 140-
71*2
1st 8
Tel gen g 6a.. 1920 M-.N
\Vest Union col lr cur 68.1938 J-J
^ Oct
117
.
9JSjli'2
•110
112
101
•91
103%'
'04
102*9 J'ly '01
105
J.J
I'.'j-
Birm Dlv 1st consol 6b.. 1911 J J
Cab. C M Co l»t gu g 6*. U»22 J-D
De Bare A Co gu g 6s. 1910 F-A
V Iron Coal & Co 1st it 5b. 1949 Ms
1
103*2 104
Mm
oDuereb
<
Due
.lay
...1944
1961
A-O
FA
11.1% "ale
79% Sale
Due
J'ly
p Due Nov
1st giis
col tr Is... 1019 J-J
4s
>s
yUuo.rne
08 Si
Halt
81*-iSale
101 ',
lis..
Am Thread Ut
Am Tobacco 40-yrg6s.
98
06
M-8
1926 A-O
M S
-
/i
90%
8g% 001
M S
111
22
11
40
18
90% Oet
113%
77%
1
>7
*oe
Be
'v
Option
tit
87%
'08
113%
,
UB
77
186
I2G6J
sale.
1
10*4
7
1
101
lnn%
H3*,
101 Si
91
1
|H*4
79«j
Bond Record
1*228
1111Mb
October
Phila Bal
U N
&
<fc
VV 1st g 4s. .194
LewlB 1st g 4s. ..1936
Kit & Can gen ls.1944
J
Pensacola <fc Atl See L & Naeh
Peo & East .See (J C C & Si L
Peo & Pek Uu 1st g 6s.. ..1921
2d gold 4*38
&192 1
Al 5s 192
Pere Marq— o'li.fc
W
110 4 Sep
1114.
106»4 lOOSa
1204
105
1
4123 4
1034103 4
1144
1134
1214 1214
114% Sep '05
123
Apr '02
114
Penn
See
KR
Sonthei n Pac Co
Morgan's
Ea<fc
1st gold 6s
1194123
114 4
116 4
112
114
J'ne'o5
Ore & Cal 1st guar g 5s. 1927 J-J
S A<fc A Passl8tgug4s.l943 J J
SoPof Argu lstg 6s... c 1906 J-J
1st guar g 6s
el910 J-J
8 P of Cal 1st g 6s ser B. 906 A-O
IstgOseerieeC & D...1906 A-O
1
W&
&
&
&
&
&
Reading Co gen
1997
1997
g 4s
Registered
Jersey Cent coll g 4s... 1951
Rensselaer <fc Sar See U & H
Rich <fc Dan 6e« South Ry
Rich & Meek See Southern
Rio Gr West See Den cfc Rio <Ji
Rio Gr June 1st gu g 5s... 1939
Rio gr So 1st gold 4s
1940
Guaranteed
1940
Pitts
Wat<fc
See
Og
Rutland 1st con
118
107
120
118
118
41204 98
'01
1124 Dec '02
...,
115%
118*4
May'05
1024
99%
Ill
744
76*4
'06
89
iOOV104 4
100 100
98 41014
99'.,
Mar'05
Sep '05
Jan '0"
109
81
116
116
I02 a4 110
Jan
100
09%.
1174121
118*4
J'ly'97
116
102*4 Sale
B K&P
See
Oct
109
81
89
109
75
89
N VCeni
g44s
1941
Og&L Cham st gn 4s g.194*
Rul-Canad 1st gu g4s...l94'.'
Dag Tus H see Pere Marq
OtJoJi Ur Isl 1st g 4s... 1947
St Daw & Adirou 1st g 5s. 1996
1
<fc
2d gold 6s
1996
St L<fc Cairo See Mob <fc Ohio
P
St L<& Iron Mount See
HtLKCiiiK See Wabash
Br See X RR A of St 1
St L
St L<fc S Fran 2d g lis Ci B 1906
1906
2d goid 6s Class
Geueral gold 6s
1931
General gold 5s
1931
St L <Jb S F RR cons 2 4s. .'96
South w Div 1st g 5s. .1947
Refunding g 4s
1951
5-year gold notes 4 4.. 190.-
M
M
K C Ft S &
K C Ft S &
K C & Al R & B 1st gu 08.1929
Al Con g 08. .192!Al Ry ret g 4s 1936
St Douis So See Illinois Cent
let g 4s bd ctls.1986
St D S
2d g 4s mc bond etls...pl989
193'-'
Cousol gold 4s
Gray's Pt Ter 1st gug 5s 1947
Dul
Paul
See
&
Nor
Pacific
St
8tPaul
<fc Alan 2d 6s. ..1909
let cousol gold 6s
1933
Registered
1933
Reduced to gold 4 4s.. 1933
Registered
1933
Dakota ext gold 6s
191o
Mont ext 1st gold 4s
1937
Registered
1937
E Minn 1st div 1st g 5s. .1908
Nor Div 1st gold 4s
194t
Minn Union 1st g 6s
1922
Mont C 1st gu g 6s
1937
Registered
1937
1st guar gold 5s
1937
Will & S F 1st gold 5s. . 193.StPJiNorPac tee Nor Pac
W
M
StPdjS'xCity teeCStPil&u
Bait Lake C 1st get 6s. ..1913
S Fe Pres <fe Pli lstg 5s. ..194'S A & A P See So Pac Co
S F & N P 1st sink 1 g 6s. 1916 J-J
Sav F & West See Atl Coast L
Scioto Val & N E See Nor<& \\
Seaboard Air Line g 4s ...1950
Coll tr refund g 5s
1911
Car Cent 1st con g 4s. ..1946
Fla Cen & Peu 1st g 5s. 1918
1st land gr ext g os ...1930
Consol gold 5s
1943
Ga<& Ala Ry 1st con 5s o 1945
Ga Car & No 1st gu g 5s 1929
Seab <fc Roa 1st 5s
192ij
Sher Shr <& So See Al K & T
Sli Sp Oca & U See Atl Coast 1.
Sod Bay & So 1st g 5s
192-4
So Car & Ua See Southern
So Pac Co— RR 1st ret 4s. 1955
Gold 4s (Cent Pac coll), /cl 946
Registered
&1946
A& N W
1st gu g5s
1941
Cent Pac 1st ret gu g 4s 1946
Registe red
1946
Mort guar gold 3 4s..£l926
Through St L 1st gu 4s '54
Gal Har <fc S
1st g 6s..l91u
A
Mex<fe Pac lstg 5s
1931
Gila
1st gug 5s. 1924
Hous K it
T 1st g 5s. 1933
1st guar 5s red
1933
H <fe T C lstg 5s intgu.. 1937
Cousol g 6s iut guar... 19 r_
Gen gold 4s int guar. .1921
Waco & A,'
div 1st g 6s '36
VG&N
W
W
984 99
E&
1st gold 6s
1st con guar g 5s
119 4 Apr '04
137 Nov'97
126
(VontUiueU
1st 78.1918 A-O
1620 J-J
T
n YTex&Mei gu 1st 4s gl 6 2 A-O
No of Cat 1st gu gOs
1907 J J
Guaranteed gold 5s
1938 A O
Ietg68eerie8
117
srutay
October
103 34 May'04
99 J'ne'05
99
99
1014Nov'01
IT.. .1912 A-O
1912 A-O
1937 .M-N
Stamped
1905-1937 M-N
SPacofNMex lstg 6s.. 1911 J-J
So Pac '.'oast let gu 4 s ir.1937 J-J
Tex&NOSabDiv 1st g6s. 1912 M-S
194'' J-J
Con gold 5s
Southern— 1st con g 5s
1994 J-J
Registered
1964 J-J
Mob & Ohio coll tr g 4s. .1938 M-S
Mem Div 1st g 44-58.. .1996 J-J
St Louis div 1st g 4s
1951 J-J
Ala Cen R 1st g 6s
1918 J-J
Atl & Danvlstg4s
1948 J-J
2(148
1948 J-J
Atl & Yad lstg guar 48.1949 A-O
Col Ac Greenv 1st 6s
1916 J-J
E T Va & Ga Div g 5s.. 1930 J-J
Con 1st gold 5s
1956 M-N
E Ten reor lien g 5s
1938 M-S
Ga Pac Ry 1st g 6s
1922 J-J
Knox & Ohio 1st g 6s. ..1925 J-J
Rich & Dan con g 6s
1915 J-J
Deb 5s stamped
1927 A-O
Rich & Aleck 1st g 4s... 1948 M-N
So Car<fc Ga 1st g 5s
1919 M-N
Virginia Mid ser C 6s. ..1916 M-fSeries D 4-5s
1921 M-S
E5s
1926 M-S
94
96
General 5s
93
1936 M-N
122
....
Guar stamped
1936 M-N
122 135
1st cy gu 4s. .1924 F-A
O&
West N C 1st con g 6s. .1914 J-J
S & N Ala See
Spok Falls <fc Nor lstg 6s. 1936 J.j
Stat Isl Ry 1st gu g 44s. .1943 J-D
3
103%
103% 103%
Syra Bin g & X Y
W
102 104
3
104
'I'erAof St L lstg 4 4s. .1939 A-O
103V... 1044Feb'O5
104
„
132 Sale 132
i 1st con gold 5s
132
1894-1944 F-A
129 4132
114*4
1144 114*.
Gen refund s 1 g is
1124 116
1953 J-J
98 4 Sep '05
•8 41004
St L M Bge Ter gu g 5s. 1930 A-O
100
102 4 Aug'05
101 102*4 Tex & N O See So Pac Co
894 Sale 89*4
»94 139 88*4 92 4 Tex. & Pac 1st gold 5s
2000 J-D
96 Eec'04
2d gold inc 5s
?2000 .Mai
123 4!"" 125 Aug'05
La Div B L 1st g 5s
12441264
1931 J-J
874 83
87 34
85 4 36 87 *a 92
Min <fc N
1st gu os '30 F-A
1U0
rol& O C lstg 5s
1935 J-J
Western Div 1st g 5s. ..1935 A-O
100 Sale
99 4 100
General gold 5s
9641014
1935 J-D
87
87 4
Kan & Al 1st gu g 4s
87 4
1390 A-O
84
874
83 4 Sale
83 4
83 34
1st gold 4s. ...1917 J-J
804 84 4 rol P &
rolStL& Wprlieng3 4s.l925 J-J
50-year gold 4s
1950 A-O
1074 109V 107VOct '05
Tor Ham & Butt 1st g 4s./il940 J-D
107
139*4
1394 140
23 136 140
Lilster<fcDellst cougSs 1928 J-D
140 May'02
1st refund g 4s
1952 A-O
1144
115
113V
Un Pac RR & 1 gr g 4s. ..1947 J-J
HI 115
116%Apr'01
Registered
1947 J-J
1 11%
112 Oct '05
1st lien convert 4s
1911 M-N
1104112%
Series
944 93 34
93*4
12
W
W
LAN
6WDL&
,
W
W
W
W
VU3
1
V
.
104
102 4
126
,
105*4
105
103 4 Sep '06
1023b Oct '05
103
May'05
123
135
124
,
136%
119 4.
1214.
1054
10341034
102% 104 34
1364 sep '05
131 s4Dec'04
118 4 Feb '05
1214 Oct '06
.
124
135
1184H84
12141214
1911 M-N
Registered
Ore Ry & Nav con g 48.1946
Ore Short Line lstg 6a. .1922
let cousol g 5s
1946
Guar refund 4s
1929
Registered
1929
190<->
Utah <fc Nor 1st 7s
Gold 5s
1926
Uni N J RR <fe C Co tee Pa RR
Utah Central See Rio Gr Wes
Ulah<fc .North See Un Pacific
Black R See N Y Ceni
Utica
Vandalia consol g 4s
1955
&
110
115
109 %
Jan
110
Oct
110
'04
'05
108
Registered
Ver Val lnd
110
&
W
1955
See
Mo P
See South Rv
Southw't 1st gu 58.2003
1st gold os
1939
•V
2d gold 5s
1939
.jebenture series A
1939
Series B
1939
1st lien equip s I'd g 5s. .1921
1st lien 50 yr g term 4s. 1954
Det & Ch Ext 1st g 5s. .1941
Des Aloin Div lstg 4S. .1939
1941
Oni Div 1st g 34s
Tol & Ch Div 1st g 4s... 1941
St Chas Bridge 1st g 6s. 1908
Wab Pitts Term 1st g 4s.l95i
1954
2d gold 4s
Warren See Del Lac & West
Wash Cent See Nor Pac
See Southern
Wash O &
West Maryland 1st g 4s. ..1952
VV'estN Y & Pa lstg 5s. .1937
1943
Gen gold 3-4s
dl943
Income 5s
West No Car tee South Ry
VV VaCent& P 1st g 6s. .1911
Wheel'g <fc L E 1st g 5s... 1926
Wheel Div 1st gold 5s.. 1928
J-D
F-A
J-J
J-D
J-D
J-J
J-J
Va &
89 34
90
1044 1054 1 04 76 Oct '00
vi 8 4 Sale
68 4
984
108
109 Feb '05
Sale
84^ 92
102
105
98 -'V
95
109 109
103=8
108
111 34
i
Jan
102
97
%
'05
4109 4
4U4
110
96^
Sale
sale
95
94
'03
97
May'05
1114 Aug'05
4 sale 1014 101'f.
99
89
l
4
Aiai'03
Oct '05
98
;014 Oct '05
lo7%110% 108*g Mai'05
114 1154 113
li5
!:94
95 4 984
49 92 4 974
91
94
104 111 5»
36 100% 104
30
107%
nil
109
109
110
Aug'05
Jan
1114 May'03
105
95
094 Mar'05
112
110
1104
1114
874 90
99
102
26 113
115
1084H0
7
b
107 4 J'ne'05
107 4 Feb'06
103 4 J'ly'04
1074 110
1054 1074
11 1\ Oct '05
ii'6%
112*84
.
110 4 Oct '05
99
99
1254.
1274 Feb '02
11041124
9541004
V
105
103 4.
Ill
.
1104.
98
Low
Ranr/e
Since
or
Last Sale
Atk.
3;/)
January
Hiuh No Low
1
JJig/t
Nov'04
11841224
122
1014....
106
113
Dec '04
10
Wabash
W
89 4 Sale
1064
1074
101 4
112
Ill's.
108
4.
lo8%J'ly'0£
109 4 Feb 05
1114
1204 121
112 4 Feb'of.
Ill Aug'05
120 4
121
110 Feb'0-1
96 4
994
....
lou4
944
1164
116%
sale
110
-.131*4 117
100
109 34
120%
,
101 4 Sale
109
Sale
9b4 994
....
1154117
4U8
974 98
92%.
91% 91 34
03
105 4 Sale
104 4 Sale
107 34
116
4 1164
111
22 108
111
Fel)*02
1144
1144117
114
11441144
97
97%
115 1164
J'ly'00
Nov'04
1114Apr'05
1214 12m
1014 1014
112 4 J'ly'04
11141124
125
125%
97
994
106 4 Aug'05
106 4 Nov'04
116 Oct '06
111 Aiay'04
109 34 Sep '05
67*4
97 4
93 Oct '05
92
92
844
84 4
i:04 125%
121
96% Sep
105
1014
1334
'05
105 4
104 4
112
1254
98 34 1014
93 34 102
1064111%
114 4 116%
107 4
95 4
91
89 4
83
97
112
994
95
92
87
994
110% 113
95 4 96%
89 104 34 108 4
17 103 4 1064
177 112% 1384
116% 137%
102 104
123 34 127 4
117 4 120
95 4 98 4
Dec'O;
1144 Apr'O'.
1124
92*4
110*4
604
A-O
Nov
J'ne'06
135
sale
135
137 34 Apr '05
103 103% 102% 103%
126 4125 4 125 4 1254
119 Sale 119
119
97 Sale
97
96%
J-J
J-J
96 4 102
118 118'4
67 -j 101
117 4 118
95 4 984
Sl 34
98 34 101
994 Oct '06
112 4 1144 1124 Oct '05
J-J
A-O
10
97 34 May'05
115
Sep '0;
.
1034104%
103*4 Aug'O:
1124
1194 118%
118 3 ,
J-D
J-D
10641U
11741214
Dec '04
114% J'ly'05
114 4 Aug'05
114 4 J'ne'05
1164 117
106 4 107
90
74 4 Sale
96 4
A-O
M-S
A-O
1124
110
1134
F-A
J-J
J-J
J J
110
123
1164
114
109
112
4 Aug'05
114 116
1214 Oct '05
119 4 122%
115% 115'a 20 113 4 116
124 SiOct '06
121% 125
126 34 J ne'05
123 4 127
1164 Oct 'or
114 34 118
114 Sep '05
112
114
98 Feb '05
964 98
llo^
125
109
23
Oct '05
Aug'05
101
4
108
115
115%
V.44
1254
1164 117
108 34
103
LOT'S 109%
1164 May'05
121
95 *a
115
4
1144115
974 98 4 AIar'05
90 4 Dec '01
M-N
M-S
118
...
96
Ill
99
118
1004
115
1084
4109%
1144 Dec '04
119 Feb '04
V
U3V
109
118'4
88
106
106
102
J'ue'o5
104 4 Dec '04
115 Jlar'05
.
.
4
91^
104
101
z->
109% Jan '05
10.1
FA
J-J
Sep '04
Jau'01
108% Oct '06
89
89 4
108 4 Apr'O"
112
103»<
F-A 103
irginia Alid
90
JiiU
Range
20
1
23 4 Jan '0
03 4 Sep '05
1
102
'01
120'4
Pitts Clove it Tol See li <fc
Ch See Penn Co
Pitts Ft
1922
Pitts June 1st gold Us
Pitts
L Erie 2<1 ir 5s...al92^
Y Sees STCei
Pitts McKeee
Pitts Sh
L E 1st g 5s. ..1941!
194:;
1st cousol gold 5s
West See B O
Pitts
Pitts Y <\i Asli 1st con 58.1927
Rome
Jtujii
.
192(1
Reading cons 7s. 1911
Pine Creek reg guar 6s. ..1932
Pitts Cm & St L See Penn C(
&
Ao Low
J'ly'05
.
193!
<fc
Roch
J/llj/'
'.'
W
B&
l'hila
how
sii.
109
Pt Huron Div lstg 5s. 1939
SagTus<fc 11 1st l?H 48.198]
Phil
169 4
100 34
January
Last Sale
lxxil
Week's
1'rxce
STOCK EXCHA.Vf. E
Week Eydotg October 20
N. Y.
or
1054
1
Flint & I'M IE 68
1st consol jiold 5s
20
A
/uu
Penn HH—i Contmueilj
Sou
Range
Friday
[Vol.
4
BUND.-,
Range
Wee let
J 'rice
STOCK EXCHANGE
Week Enhim; OCTOBEn 20
N. Y.
—Concluded—Page
*84->4
107
91
73%
89*4 Sale
30 4 Sali
1074H24
119
107 4
116
Sep
90
86
95
121
87 34 Sale
87 \
874
1184119 119 4 J'ne'05
96 4 974 96%
96 3j
J-J
110
A-O
1124
J-J
Exten & Imp gold 5s. ..1930 F-A
1946 M-S
RR 1st consol 4s
20-year equip s f 5s ...1922 J-J
Wilkes & East tee Erie
Wil & Sioux F tee St P Al & Al
Wis Cent 50-yr 1st iren 4s. 1946 J-J
H3'i
....
1114
90%
Sale
110
Aug'O.'
1144 May'05
11 14 Aug'O
yi
90 4
102
Sale
96 4
1948 M-S 1024 Sale
9941024 Adams Ex col tr g4s
74
814 AmDkifelmpSs tee Cent N" J
102 *a
35
45%
874 94
1194119%
96 34 99 4
110
113
1164Sep'0.
100
964
Mar'01
88%
98%
86 4 95%
894
40
91
102 103
92
92
109 3j 112
Apr '06
36
4
664 84%
764 646
97 May'05
109 4Mar'06
8^%
35 4
119
1064 1124.
'05
103 Aug'Oo
92 Apr'05
110 34 110 34
97 Nov'Oi
SS
95
1124
12
Jan'O
]
13-
112
116*«
11441144
1114114%
04 95 4
02
102
904 97%
iUlSCKLLANEOLS BONOS—Concluded.
llaimlni
iiiriiig
& Industrial
100 Sale
81 4 Sale
Sec Cor con v 1st g 5s. '27 A-O
Int Paper Co 1st con g 6s. 1918 F-A
Consol conv s f g 5s
1935
Int St .f urup 10-yr conv. 6s '13
80
109
Distil
Knicker
Ice (Chic) 1st g 5s. '28 A-O
Lackaw steel 1st g 5s
1923 A-O
Nat Starch Al Ig Co 1st g 6s 1920 M-N
Nat Starch Co s 1 deb 5s. .1926 J-J
Stan Rope <fe T 1st g 6s... 1940 F-A
Income gold 5s
194t.
U S Leath Co s tdeb g6s..l913 M-N
U 8 Realty & I con v deb g 5s '24 J-J
U S steel CorplO-60 yroS.d'OS M-N
1
Miscellaneous
Cent Leather 20-year g 58.1925 A-O
ConsoiTobacco 50-yr g 4s.lS51 F-A
Registered 4s
1951 F-A
Registered
99 3,
80 4
1004 207
81 3
4
130
80*4 Dec'04
Sale
79 4
"96"
08 3
ii>2% 101
97 4 Sale
104% Sale
S6
69
75
L
99% Sale
98% Sale
April 1963 Al-N
96
Va-Car Chom col tr 5s g..l912 A-O
"No prit* Friday; latest bid and asked, a
4
95
103
67 4
104%
104*"
874 Oct
51
"2% Sale
11
1
80
110
65
103
97 4
Sale
Oct
Oct
73
51
2
111
99
4
4
9>%
96
Sep
'06
'06
'0
2%
'06
9!
%
98%
96V
6.S
6
1
Am SS Co of WVagSs
774 82 34
1074 110
614 96
102 34 1054
67 4 98
16 104% 108
93
85
59
714
424 59 4
115
14 8
10s 4 1124
2 J 93
103 4
1
1
1275
1
92
92 4
9S%
98<*s
1920 M-N
B'kl'n FerryCo 1st cons g 5s '48
Chic J c
it
'05
"id"
'.'."'.
St Yard col g 5s. 1915 J-J
DetM & Mldgr incomes.. 1911 A-O
Hobokeu L.& I gold 5s. ..1910
Alad Sq Garden 1st g 5s. .1919
Man Bch H & L gen g 4s. .1940
Ne Ship & D D 5s rfl990
Newp
NT Y Dock 50-yr 1st g 4s. .1951
Provident Loan Soc -14s. 1921
St Joseph Stk Yds 1st 4 4s .1930
St L Ter Cupples Stat'n A- Prop
Co lstg 4 4s 5-20 year. .1917
S Yuba Wat Co con g 6s. .1923
Sp Val Wat Works 1st 6s. 1906
U S Red Ret 1st si g 6?. 1931
99% 101 4
&
Due Jan fcDueFeo c Due Mar d Due Apr ftiiuejly k Due m-;
994 Oct
F-A
;
75
103
14 102
100% J'no'02
50
49%
108
77
J'ly'05
50
Feb'O.
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Chicago Bond Record
CH ICAGO STOCK KXCH'Ot ?i
WKKK UHDBfQ OCTOBER 20
Jan
62
Apr 15 52
Marl« 120
225
155
Aug
Si
Sep 20
Oct
23
1'4
Nov
8
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J'ly
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5*Mayi9
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1
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34
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105 '4 .Mar
86
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145
120
Si
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41
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20
25
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'4
stock.
l*r\ce
WeelCs
Range
Kange or
Since
Ask
1st gold 5s
A.1920
Chic Aumtorium 1st 5s. ..1020
Cbic Dock Co 1st 48
1829
Chic Fcjuit Gas Os
1005
Chic d; M ll Elcc By 6s ....1819
Chic I'i.eum Tool let 5s .al921
Chic K..ekl<fcPac RK4s.J 02
Collat Trust g os
1913
Cominoii wealth Elect 58.61943
Illmo..-> Tunnel 5s ..
1928
Kans City Uy<fc Lt Co 58.1913
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19_
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1925
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1
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106
04
99
V 100
Oct '06
Nov'04
100
108*
98 V
100
100
97
97
98
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3,000 ,000
200 ,000
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Milwaukee Ave State.
100 ,000
200 ,000
250 ,000
Nat Baiikot Republic.
2,000 ,000
102,900
12,534
263,238
971,60
National Live stock...
1,000 ,000
50 ,000
50 ,000
1,307,291
5.2 73
200 ,000
250 ,000
250 ,000
300 ,000
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10.77
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IV
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5
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oct
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912,682
2,0-1
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2
'05,
'05, 8
'05, 4
'05, 3
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10
6
15
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6
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0,-J
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Fust Trust A Savings
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12
48,209
500,000
2,000 000 Merged wi
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wire
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200 ,000
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Central Trust Co ot iii
Citizens' Tr & .>av Bk.
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Drovers Trust A Sav..
Equitable rrusi Co
Federal Trust it Sav..
10,
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lack-on Ti ns:
Nov'04
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15
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100
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99 V Prairie National
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3
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629,029
238,758
14 ',O0S
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•.
16
89
93 V
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Fort Dearborn Nat.
Hamilton National
Hibernian B'k'g Ass'n
50 ,000
Pullman Loan* sav..
96% south Chicago Savings
88
<90V state Bank of Chioago
stock Yards Savings
LooSj 100
Union Bank
99
99 V 99»4 Union Stock Yds State
Aug'05
60
prices; no siles
V 100
10
04
86
90
88
F-A
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100 ,000
500 000
Apr '04
99 Si
99 Si
M-£>
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2,000 ,000
3,000 ,000
Nat Ensilewood
Foreman Bros B'k'gCo
81
08
500 ,000
8,000 ,000
100 * Nov'04
89
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1,000 .000
Continental National..
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Corn Exchange Nat.
Drexel State
Drovers Dep National
First National
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103V104V
f'ne'05
104 V Sep '05
9J Si loo
80
79
80
100
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100V
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100 000
200 ,000
Chicago National
Chicago Savings
-ommercial National
'4
Apr '04
Sep'O"
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fronts
Stock
NA1UE
January
Last Sale
<?y
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J-J
Chicago Banks and Trust Oomoanies
Friday
Oct
Biscuit 6s
1910 F-A
Stratrboard 1st 6s.:19Il J-J
Cass Ave A: F o (St L) 5s. 1912
Cnic Boaru ol Trade 4s ...1927
Clue Consol Br & MltOs
Clue .»n.-,olTiac4Vs
1930
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I'll
*
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Mar
100
pret
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1
=
.
Amer
Amer
prel
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1
t——
8
1,330
100
100
100
loo
Oas L& C'kelOO
Pullman Co
100
St Louis Xat St'k Vets 100
100
107 S; SwiftA Co
120 Tbe (juaker Oats Co. 100
102
Do prel
100
(in Stock Yrtsiho Om)100
Dec'04 Union Ban & P Co... 100
Si
l;i
S2
183
33
40
4
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r.l
Apr
11
03
Page Woven Wire Fence
Do
14
38
"
J'ne'05 People's
Lastsaoe 10%
2*
13*
S7V
5u
323
National Carbon
Oct
Sale lol^
f.ast
107*108
35 153
32
14 125
3d 96
239 134
754 55
15
1
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40
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J'ly 27
3
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148S>Keb23 150
10 Jan 6 10
6
London
4'
12 V Deo
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31 '1 Jan
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59* Sep is
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105
Dec "04
Sep '05 Masonic Temple
Mil it Cine Brew'g
"*54^
113
54 3
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"350 50
l
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Jan
A pr 85
1 1 Si
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25 73
Jan 24 100
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163
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J'ly '06
'J
161
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60
70
125
305 38
m
Last Sate 5*
113
1
103
loo
i.'hic Edison
Last Sale IS
Oct '05 Uluo Pneumatic Tool, mo
•137 188
130
138
loo
138
hio Telephone
104 S 1 03 Si « 1 Si *103Sl 104V Ohio Title .V; Trust... 100
100
141V 111 141V 141*8 141* Diamond Match
63 '4 04
Klo
64
04
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Kans tity stock Yds. 100
Last Sate fcfa J'ly'05 Knickerbocker Ice... 100
75
100
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54', 55
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113 113', 113 113S.
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Oct '06
100
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May'04 ImerTdt S Bank.. ..100
3s
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57
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10
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Last Sale 47
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836
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Saturday
Oct 14
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liaaye lor
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Tuesday
Wednesday
Thursday
Oct 16
Oct 17
Oct 18
Oct JO
BOSTON STOCK
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37
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l
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130
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l
4
May23 216-4 Sep
Oct 4 10,
Jan 24 .'33
212
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Jan
79
77
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15
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.
1
U
50 Jan 6
93 H< Jan
l,60o 113 Jan 6
95 Sep 1
172 Jaul8
93
Jan 3
60
112 Jan 3
21% Jan 27
65 k Augll
1
186% Maj 199 Oct
Aun 163 k Apr
.'22
Jan 232 Apr
Apr 26 198 J'ue jo7 Apr
Feb
74 J'ly 80 k Feb
b'eb
68 Mai 79 k Nov
J. in 1
29 Aufi 73% Dec
17
J
1
Jial £
40 Jan 42 Feb
87 Hi May 95 % J'ly
71%.Mai 116% Not
86 '4 Mai 97% Deo
1 -0
Oct V 160 .Mas 173 Nov
102 Sep 14
89 Jan 9 3 Hi Dec
117%Apr2; 108 Jau 114 Dec
67k
Aug'26
Sep
138% Aug24
101% Ke020
H
-'3..
25 10,882
12%May2
lOHiOctlS
Apr -4 49 Oct 1
Jau
89% Apr 14
t
18
70
8
J'ue21
5 25% May .,1
25
1
May 2
25 3,720
Arnold
2
26 3.954 45 J'nelo
18
12
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Atlantic
Hi
6,278
25
27
27%
32
32% Bingham Con Min&S 50 6,420 28 May22
•50
May 6
•80
•80
716
Bonanza (Dev Co)... 10
5% Jau 20
1 1% BostouConCdcG(rots) £1 40,060
HHl
.01
J'ne
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&
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322
670
25
686
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100 •10 MurlS
10
26 27,691 16%Mar22
"so"
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•6
Ho 5 ki Sep y
Central Oil
7
25
•56
•60
Cons Mercur Gold... 5 3,^40 •30 Mar2i
71%
72% Copper RangeConColOO 6,071 64 Jan 25
14'4 Daly- West
740 1 1 k Mart
20
14
60 Jau In
80
100
Oot '06 Dominion Coal
15 113 Jan lo
Do prel...
loo
2
May2u
721
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12
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8 Api2ii
26 15,559
19
19 k Krauklm
5
Jau 4
8%
8% Oranby Consolidated. 10 12,16
C-Jreeue Consolidated, 10 14.0 18 20% J nel3
27 Hi
28
3 Jan 4
825
4 78
4% juanajuato Consol.. 5
25 78
26 '4 Isle Koyale (Copper). 26 10,4u.i 17% .May 2b
6 Mayzu
11
25 5,53(1
11% Mass Consol
I 9 18
25 1,68'i 70 J'ue27
1% Mayflower
l:. H»
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26 17.630 10%Jau
59 7»
Mohawk
61
26 5,61.5 48 May 1
3%
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65 Hi
15 19,5,1 34 Augl66 Hi North Butte
2 '4
2%.)ld Colony
26 1.339 75 Aluy2j
32 '4 Did Dominion
31
25 2 1, 685 2314 May 1
Osceola
25 S,Vj4 88 Feb 9
113Hl 115
27 Hi
28 Parrott(Silv<S> Copp) 10 2,775 22 J'ueli
i%
25 4,321 •)U J'ue22
1% fhusuix Consol
108
69, 95 .May 4
109 yuincy
25
l%May 1
8
8
tthoile Tsland
25 6,53e
Ik May 8
2 Hi
2-H Santa Fe((iold<fi> Cop) 10 1,365
6% Feb 6
8 Hi
10 17,5p.s
8% Shannon
101
May2.>
127
12/
264
Tamarack ............ 25
2
Feb b
4,9^i
14
14
Pecumseh
25
..
24%J'ue2v,
Atig'05
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2o
3
7 a Jau 2u
10
lo
Trinity
25 8,667
9 Mario
33 78
34 k United (Jopper
100 4,65.)
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76 's
1,665 75 Hi a ug 1
77
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prel
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36 t UmtedStates .Mining 2 U 14,»7 U 21 Jau 25
10 «
10
9Hi Apr 6
Unit Slates Coal &01I 25 l,0i
46 8
47 '„ Utah (Jon (OolU)
5 4,832 39^ .\lar 4
7
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25 1.830 C-' .May l'j
8
11
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25 2,1«
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123
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25
438 105 Jau 1
.
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l
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«
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t
Sep
Oct 6
2
35% Apr 1
16%
37
43
1
12
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3
122
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Apr
Jau
24% Deo
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*'eb
6% Not
27 k -<P
reo 152 Hi Nov
N 01
4
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M7% DMai
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173
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118
fel
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uci
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..
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J
4
41
4
Nov
17
J'ly
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Nov
Nov
Jau
9
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llo
Jan
Oct
22% J'ly
26 Nov
22 Dec
24 k Oct
Jau
2
1 '4
Oct
5
Feb 113
95
Deo
Not
Dec
Aug
Nov
Aug
84% Oct
UO Nov
•2% Nov
7
J'ue
6 k -Max 20 Hi Dec
77 Jau 103 uec
10 34 teli 34 Nov
40 k Jan 99 k, Dec
33 Dec
95 % Deo
76
Api
bo
6H1 J'ne
23
Jan
Hi
76 Mai 101
75 J4 J'ne 93
190 Hi Aug 100
Nov
Dec
Deo
Jan
7% Nov
•75
Auj:
73 3 ls Mai
1
Feb
8 Feb
15%fceb
25 Feb
43
Nov
21
62%
Liec
14
Oct
29% Nov
3 Nov
1 % Nov
Feb 22 Hi Nov
Mai 38 \ Nov
May l 3 iaNov
Oct
7% Nov
•20
J 'ly
7
19
Jau
Oct lo •05 Api
Ml
31k Oct 2u
k Feb
6%J'iy
8kJaulu
75 .Mayli 20 J'ly
83 Mar 14 US l''eu
18 k Feb 15
10% Aug
86 '4 Marbi
40 J Ue
Nov
700
"20
4
Deo
87
Feb
Hi
3
6
135
117
Hi
112% Jau 122%
7 4 J'ne
19H
5 k Jai,
7k
230 Feb 2u5
o
Oct
17
43
Dei 146
122 k Jan i41 Nov
U9»4 I'cb 149HiNov
9 Feb 2 1 k Nov
60 k J mi 94-4 Deo
12% Oct 16
Feb
J95
k Feb
Deo
>s Dec
J'ly
J'ly
Hi
17
•39
'95
1
25 Nov
32% Nov
10
May
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Jan
74 Hi Nov
So Jan
72
Jau
Mar25 103 J'ly 116
1% J'ue 4
Oct
Nov
Nov
k Nov
I.
20%Oot
17
8' 8 ijct 17
J'ue
7
2% Mai
Oct
o2ki leu
15
5
u ieNov
"a Deo
6
Deo
ok^lay
35
Hi Nov
2-H Jaull
13 Hi Mar 13 d 3 Feb t9 -6 Deo
30
l
4
7 4
l
1
.
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'4
2.- '8
,
s
b
5% Oct
4k Arcadian
;
Deo
Not
62% Jan
1
1
102
1
25 27, 880
48 Allouez
86 v Amalgamated CopperlOO 18,742
Ziiuo
'06
Am
Lead
&
Sm.
25
Oct
,
Api
Jan
1
Oct
154
J'ne 127
J'ne
May 23
102
87
72
!
1
Anaconda
4k
1 18
,i-0
.May25 159
"4
1
9% Adventure Con
j
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1'Ub 303 k Deo
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1
.
9Hi
47Hi
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l
668
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l
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4Hl
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xl 37
1
J
45 34
Deo
Dec
... 1
i.
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Oct '05 Wisconsin Central. ..loo
SlHiSepl
Do pref
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100
Oot '05
WoicNash<fc
1
Mar20
16
147
Apr'05
Roclu.loi
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450 19 Hi Jan 25 29% Apr 15
22 Hi 22 k
24 Amer AkiicuI Chem.lOIJ
23
Do pref
86 Jan 3 !'6Hi Sep 18
93
100
6
93
Last Sal? 6'-'<""" Oct 'Oo Amer Pueu Serv
4% Apr 13 8 Aug 14
60
Do pref
6i)
20 Jan 17 30 J'ne22
50
25 k 25 k
26
140*"
'1*9 k 140
142% AmerSuKarKetln....lOO 1,677 I30 4 Mu)23 149 Mar 2
Do pref
117 32 May22 140 k Aug23
140 140
100
139 k 140
AmerTelepA Teleg.100 2,2Tl i36Hi it 12 148 Jan 4
137Hil38
137Hl 138
Jan 23 40% Aprl8
loo 12,604 2
40 H. Amer Woolen
37 34
-36k 37
Do pref
102*4 103
loo l,43ti 92% Jan 3 109 Mar31
102% 103Hi
3 4 .dill 13
Last sale 1'4
4% J'ue !*
J'ne'05 Boston Laud
lo
116 Aug 17 12 4 Jau 6
122 k CumUerl Telep & Tel 100
122 k 122 k 121
Dominion Iron & St
165 17 Jan 21 24% Mar 1
23
23
5HiJiy 5
7% Jan li
Last sale
Oct '05 East Boston Land
53 r242 J'ly 15 57 Apr 6
249k. 249 k? Edison Elec illnm... 100
General
169%aiuv2.
191
Jan 17
Electric
17
100
182 181
186
184
4914 Mass'chusettsuasCoslOO 2,0:i4 38 14 Jan 6 5 1 % A ug 1
49 Hi 49 k
48%
87 8
Do pref
100 1,303 80 '4 Jan 10 88% Maylv
87 78 87 7e
87%
'194
Merxenthaler Eino.,100
tli>5k J'no2i iOii
Apr 21'
1U6
3
Mexican
1
t\h o
2% Oct 7
Telephone.,
460
lo
1 %
I
1*3*8*"
81 133 k Aug:2 140i4 Apr 27
138 138
100
138H N E Telephone
2- J4 Jan
1
Feb 2
9
Last Sale 1 L4
Aug'05 PlantComt'ststkcomlOO
Do pref
10 Jau 6 17 Jaulo
Last sa. /3 l4 Sep '06
100
230
258
PnllmanOo
May
8.1
2
Oct
252 253
250
250
100
110
8k Jan 12 lo '4 b'eb 2
10
lo Keece Button-Hole.. 10
8^4 105 FebJ4 114 Jau 5
Io7kl07
100
107
107 H Swift & Co
18 J'lJ2o 23 Jan 18
Last sale ^2^ Oot '05 Torrington Class A.. 25
25 May 2 3 27 Aug23
Do
Last Sale 6
pref
25
Oot '05
2 k May 2 5
^kAUgV*,;
51
4
4
3 Hj
S Hi Union Cop L'd & Ms. 25
624 103 Apr 29 110 Feb J*
106 106% IO6H1
100
106k United Fruit
r
90
Aug 8
77 % 78
i6
77 k Unshoe Mach Corp. 25 3,671 57 J'nei5
Do pref
180 31 J'ueSu 34% Aug
25
31Ht SIM
11% J'ne 8 14 k Jau 16
Last Sale /3k""* J'ly'06 U S Leather
100
loo -j Jan 1 HlHiJ'ue2t.
Do pref
Last sate ZiiHi J'ne'05
100
34% Jau 4 55% .^,ep 25
Last Sale "* 78 Oct '05 U S Kuhber
loo
98 's J an 5 117kApr
Do prel
Last sale 2i6i J4 Sep '06
100
38>, U S Steel Corp
37
loo 0,8o9 24% May 2 2 39 (jet 8
37*4
37%
Do pref
103% 103 'h 104 k 104%
100 2,691 91 May22 10j%Uct 4
40 Mar.iO '67 k Jan 2,
Last sale 5U
25
Sep '06 West End Land
West
14
Telep
106 14 Sep 29 22 Hi Feb 6
14
&
Teleg.
loo
14Hi
14Hl
92
Do pref
602 92 Oct 1» 101 Feb 8
94
100
92
92
•84
Mar 9
Westing El & Mfg... 50
1 82 Hi Oct 2 92
86
84
84
91 May 2 100 Oct 9
Last Salt 100
Do pref
60
Oct '05
9Hl
4
1
Jan 12 IUU AuglO 276
85 J'ue
Jan 3 148 .Marl". 133 J'ni 142 Nov
59 k Jan 16 .'1 Sep 30 24 >4 Jau 57
;n-.c
i'-o
100 86 Jan 4 95 (id
73 Jan 88
175 Jan 24 l85%J'uel
ii.
170
,75 Apr
*e\<
5
23
Apr
lan
1
24
13k Pen
U
7n% Mar.iO 62% Oct 80 % Jan
305 55 4 Keb
2"ik.Mai'M
5
A pi 2 3 '4 Nov
9% M uy
100
100
ion
100
50
50
'4
Not
Not
89
Jan I'M
1
185
,42
II
ere Marquette
100
Do pref
loo
82%
823J,
Oct '05 Kutland pref
85
loo
J'ly'05 Savannah Elec com.. loo
15
Oct '05 Seattle Electric
63
loo
Do prel
loo
99
98Hi
114 k •111
28 Hi 28 Hi
5
2
31% 32
•80
'85
•59
•68
14Hi
27
666
72% 73%
73
115"*
18 Hi 19
1%
28
32%
•70
80
11 34 >2%
665 666
28
99
99
131 Hi 131%
Last Sale
9
1%
Hi
lOHi
47 Hi 48 k
4Hi
31Hi
2o -Hi
Oct '05
208
1
.
.Hilling
9
9
27
4
4
37 3s 37 Hi
103 76 104^4
38
14k
208
Last Sale
Last Sa
Last Sale
.
Ma
04
HH
1
Northern
Aug'o:,
82
H & art.. ..100
N H
loo
Norwich & Wor pref 100
N Y N
201
204
loo
loo
loo
loo
KIO
loo
100
100
loo
731 77% M«y20 93% Mar 9
i«o 09 k Jan 2.1 106% 8en 2
9M 254 Jan 3 2'i;
Apr 1
297 6 ' Ann 8 58% Apr 28
.Mai
B241 Msy2ri !49
.ci 72 J'ne
2 185% .Mail 1
Jan 6 175 Apr ,71
105
Jan 18 !10 4 Aug 8
75 I3k-'an 17 35
Mai
132 63 k Jimi 17 82 k. Mir 13
5U .Jan 1 182 Marl"
3i 121
Jan
h>-b 132
6 .1; Jan 4 89 H Mar2fi
60 k Jan 19 167 Augl
'
107
78^4 78 H
31 'a 31 34
106
107
78
32
-55
•95
14
253
10
108
*21 34
10438 104 34
94
•83
2H2
•26
....
*3Hi
4
95
85
100
8%
43 %
2k
*21%
14% •14
»H.
27 Hi 27%
81% 31 Hi
6
I82 k
180
179
60
88
197
14
9H»
107
79
79 k
*31Hi 31 3 ,
14
95
•83
•95
96
•22
93
252 Hi 252 k
107
104
*1%
...... '65
15
•.
Hi
14
'
•22
•26
24
94
.
253
10
108
10
*6ks
Do prel
•93
96
765Hi J'ne'05 MalneCentral
viass
KlectricCos
13 Hi
13k
Do pref
f>5Hi
66
Oct '05 Mexican Central
iS '4
Last salt- tl
Last Salt 6U
Last sale 147
26
140 1403b 140*' 140 Hi
140 140
140 140
137 lb8
137Hll38
' 37
36 78 37
37
102 102 3
102Hi 103
*
4 k
4k
122 Hi 122 k *l2lk,122k
22 k 22 Hi
22 k 22 k
179
<
Last Hate i33
114
,
23Ht
-
204 k
Hi
82»4
9U 34
>>
'
1
'05
Sep '05 '<» u 11 <S= Pass Riv pref
Oct '. 6 Connecticut River...
142 k Kitchuiirj? )iref
Oct '05 <ia Ky<fc fclectric
Last Sale 101
65
99
99 Hi
114
114M
''
204
205
131 k 131*8
*96ki 97%
97 34
180
99 34
1
205
•62
98
99
i"'
Last Sale
1 34
*1%
1%
1% 1%
1%
137% 138 "138 138Hi 138 138
H.
14
261
10
14
66 Hi
23% 21%
Ts%"83%
66
..
'179
^
137
23
•itS
140 Hi
140
137 34
37
102
102
4k
•1815s 122 H)
*22% 23 >4
*6H>
6
'22
26
137 Hi 138
*••-
...
13l%132k 132% 182%
.
*.
205
164
8 J Hi 83 '4
•62
99
*6
24%
14«,
A PnmdenoelOU
Bosion&Wor KlecOo
Do prel
...
OhicJnno Ky & U S Vino
Do pref
loo
Con <fe Mont CUhs 4.. loo
128
142
13 34
uU'b
208 Hi 208 Hi '208
*62
66
•98
99
132 Hi 132%
•96
90 3
*99
»114
14
60
14
67
Oct
128
Last Sale H
•93
Do
'05
26
73
7:!
187
'0.'.
Nuuta KtlOO
ion
<fc
ion
Albany
Klevatecl
loo
ion
A Lowell
& Maine
loo
i>n-t
loo
Ac
pref
Boston
Lust Sale 175
92
93
BoHlon
Boston
Boston
Ronton
178
Oct
1
3091
Last Sale
•14
57
14
Oct
178
r;
'
142%142k 142
142 Hi 142 k
•00
02
-93
95
92
95
Do
104V
1">3
1
,3
.'15
128
/.»
k
1
Salt178
an
25 Hi
72 k 73
183
128 128
101%
267% 267
247
178
'309
26 k
88 14 AtchTop
8>s
L05
.,
Last fa
'309
....
88
103 34
267
168 "a
•246
178
88 k103%
883b
108%
237
164
245
257'*
154
178k
*
88%
-io;i
A pi 10
Aprl8
% Oct
16
61
'4
o
Hi
4
3
>4
au 1
Janl,
J
-i
ii
1
1-VI1
38 k Sep' 2.
J4 J a
1
7
j
1 1
Octl,
48
lb
2
Nov
'4
Feb
29 -4 Deo
53 Feb 98 Nov
2o% 1-eO 33 Hi Not
U-50 Aug t5 Not
80 Feb 125 Not
3 Not
bO .May
1%J UC 3 k Nov
9
Hi
lo% Not
May 140 Nov
•25
Jut 4% Not
34 Nov 43 »4 Deo
3% Mai 18 k Nov
3
k Aug
85
6
«uat
is
Jau
Jau
6
.\lar
Aug26
81
128
50 Jut
Hi
.i8k Aug2;i
1
Nov
Aug
2
140 .Mail 4
10 L4Oct 2
35 Jau 19
13%
Hi
6-H
's
Jau lo
jau IS
Jan b
3
9
k Deo
Aug24
8% Oct
Not
2
11
57
J 'ly
3ii J'ne
34
3ok April
34
b'eo
J an
•4 j
1
Oct 16
5s l4iict 3
2% Oct 4
3-% Oct 2o
1 16
uct -O
118
20
k Oct
'2
i-
1-
1
o -
AugbO
2 7a Keo Jl
28% Deo*
12% Nov
47 Nov
6% Not
% J'ue
Feb 13 \ Not
8>s
30
2
5
69
50
Jau
Jan 110
Feb
3
;|Newsioci. tAss'ipaiu. jEi-riirdts. aEx-uiv.di
1
.Nov
Nov
rijjUts.
4
5
Oct.
9
Boston Bond Record.
1905.1
I'l
BUNDS
BOSTON STOCK
II,,
ICCK*OK
WtLK E.NDLNO OCTOBEB 20
Friday
Oct JO
I
loo
Aru Boll Telephone ta....l908 J.J
Am TelM A ivi >-oii tr 4s. 1939 J.j
Am writ Paper let at 6a 1919 J-J
Au-ii A Nel't.iska lst7s..l0oS
Atoll 1'op.t S Fo sou g 4s. .1905 A-O
;
Boston Elect Lulu
Oonaol 5a
Boston A Lowell 4s
H in
100
1004
84
102% Sale
10"
,
98%
t
W
W
Oct
•86
•864.
FA
J-J
A-O
M-N
27
S7*j
107
10a
S3
4 89 4
574 $1%
100
139
Q-F
Kan c M
(Jons 1st 4s
1004
106%
loi>
F-A
100
100%
M-N
M-S
Mam Hough A- out
102
09
91
4 100
loO
'05
109
1004101%
108
106
100
aug'Ofi
106 4
99 4 Sep '05
108
101%
95
J-J
95% Oct
4<
J.J
A-O
J-J
J.J
M-N
J-D
J-D
A-O
A-O
A-O
99
M-N
M-S 101%
M-N
••
M-S
M-S
A-O 139^
A-O
J-J 100%
'05
994
4
126 4 126 4
1084
1084 1094
1024 Apr'i'5
10l4Oot*05
101
16
100
ioi»4
99% 1014
101% 101%
103 4 Sep '05
103 4 Apr '05
105% May'05
bale 13»»t 130 4
140 Apr'05
Hale 1004
1004
101% Oct '05
1014 103 4
to the
034 1034
103410.(4
105% 100
139 14o%
!
ll
s
101%
purchase price
for all
Oct 19
Oct
23
90
90
58
16
58
16
•57%....
16
16
•JO
t".i
!i','« IDS 4
122 4 12 5 <4
97 4 00 4
93
94%
105
103
103 41064
li
;i
1
01
101',
i
1034
103'-.
'4
No
bl
24
F-A
20
Ang'Of.
1004 Oct
S
101
iiriii
s*o%
25
2
1
17%
17^
75 J'ue'03
102 4 Ang'04
00 4
100
99 4 100
1004
1014
1024
14
70^
10
HO
17% Aug'OS
J-J
J.J
100
04
1004 101HMOg 103
103% 103%
106 1064
'OB
lol
103% Apr'05
100 4Feb'U6
J.J
F-A
1014 J'ne'lM
J-D
11024 Jan
'Ofi
1102
1244 Sep
'05
'05
12441254
103 1034
F-A
J-J
J-J
103
J-J
J-J
102
99 "a
107
100
107
99 4100
1U0 107
F-A
J-J
M-S
132% 133%
J-J
M-N
M-S
M-N
97
105
95
110541004
4114 4
1192 4 98 7»
1024103 4
107
ll
105%
105% 106 4
102"8 Oct '06
102 »„ 102^8
103
103 4
103 105 4
1034 Oct
'05
104
104
944 94% H94 4 Sep
Daily,
138
1118 411
1198%
103 4 Oct '05
'05
1|91
lOOBg Aug'05
109 4....
100
Feb '03
'-
105%
104
100
1044 1074
Oct '05
May'05
Oct '05
11133 Oct '05
109<4
109%
•J
4 1024
Mat '02
J'ly'O
198%
latest bid
;
Sep
103
and asked.
109 «a
in il
H Flat price.
Weekly, Yearly
tiange lor Year
lianye /or Itevioul
1905
Year (1904)
the
Week
100
50
seaboard
(new)
100
284
Do 1st pre!
100
90 4
•57% 584
Do 2d pref
100
•104 164 United Ry A Electric 50
•28
•90
Highest
Lowest
Shares
Baltimore
87
87 Consolidated Gas
1084108 4 Northern Central
75
385
MaylO 90 AprlS
May25 110% Sep 23
83
99
Highest
Lowest
57
4 Jan
86
J'ne 1094
71
Deo
Dee
214 Jan 16 28
2,85
436
Mar23
83
Oct 17
00 4 J'ly b
47% Jan 24 63 4 Oct 17
30 12 4 Apr 24 13 Alar 3
2,596
6% J'ne
15 4
Deo
Fhilruleipliia
•52
524
63
28% 284
•114 11%.
624
28%
114 114
23-4
•41
1-4
114
11
1M
1>>%
18
13
11
134 18 \
13
10741074 1074112
1104112
74 4 74-,
734 744 744 75
3
11
9% 10
10
42
•
524 524 •524 63
284 28'g 28% 28%
109%
S-
110'.,
73% 74%
3%
4
71% 72
48% 48%
72
71<4
fc'0«, 6 60l3 la
*i6^ 46%
•494 49 4
624 02 4
964 96%
28
28
C0B, 9 W1S, 6
"464 46%
•19 '4 49%
034 034
95 7e
96
274 274
riiii.vm.i
,i'!i
1
72%
72
484
8% 8«ib
48 4
«
•27»» 2«i4
8"is
45<4 48%
3=4 8»% B
28% 2ft %
60% 01%
47
474
•49 4
b3
06
28
63
,
964
28
2s %
60 4 614
46 4 464
49% 4o^
63
03
93 4 954
Central Coal
Preferred
CoiiboI
A
5o
60
Coke. loo
100
6%
60
49
PHILADELPHIA
Easton (,'on Electric }.5o
Eiec storage Batt
luo
82
85
100
50
Harrison Bros pref...
Indianapolis St
Inter Sid Pow A Chem.50
Keynlone Telephone ..50
il.ii.-lnl. <t
10
26%
"18%
steel.
Northern Central
6<i
North l'eiiiisyiv.iiiia..5o
Pennsylvania salt
5u
Pennsylvania Steel., init
Preferred
loo
Co (Pitts) pref.. .60
1
PI111
14
62'c
UchOTl H..50
N UaTen IronA
German A Norna.5i>
Phila Traction
50
ral
10'
Iron
Steel.
Tater steel
lo
Preferred
10
Toil, pah Mining ot Nev;
VnionTroI Ind
Lou
27
14'
A
•<1
N
J
UK A CIO.
United Tim puts
15
66
84
3
I
*
-itinoreuii,'
Consoles 1923
J-I»
Annuity 6s
.1
-I'
106
80%
100
494
Ph A Read 2d 5s '33. A-O
Con M 7s 1911
J-D
ii a
1004 100%
107
104 4
884 89
03
ConM
6s g 1911. ...J-D
41 48 g '47. A-o
Con
ot '82 4s '37.J-J
Terminal 5s gl941.Q-F
P
A B col tr 4s "21. J-J
Koch RyA Leon 5s'54J-J
U Trao Ind gen Ss'lo.J-j
1154 1104
iVi" 114 4
128
127
152 4
10
L\ ioi%
'20. J-L
1
24
14
4
4
269 4
W
126
i
6
54^
67
70%
<>
ConA COl tr 5s
1
05
1
M-N
Phil Klec gold trust ell-.
ist certlfs 4*
Bid and aaked prices; no saio* on mis day.
\ Ex-righU.
g
101
094
88
Wlks-BGAEconos'55J-J
IJALTI HOKE
Inactive Stoekt
Ala Cons CoalA li on. 100
102
loo
Atlanta a Charlotte.. 100
Atlau Coast LiueRH loo
Atlan Coast L (Conn) 100
'aliton Co
100
Cons Cot Duck Corp. ..5o
Preferred
50
Georgia t>ou A Flu.. .100
1st pref
loo
loo
3d pref
G-B-S Brewing
100
I
126 4
103%
1 14
254 Mar
102
10O
83 4
4 lid
70%
64J'iy
20 Aug
4
Augl*
112
76 4 Oct
i
5% Jan
11
33% Feb
2 4 Mai
55% Mar
37% Ma>
H5 May
734Ang-z3
49 4 Oct 9
12 4Apr21
April
}36
62%Aug24
474 Aug2'.
50»i
33
23
Sep20
634 Oct
125% Apr 1*
8
M »\
1
19% Oct
1
Ms
ChasRyG A
El 5s '99
Chart C A A ext 5s. '09 J-J
2d 7s
1910 A-O
City A Hub 1st 5s. .'22 J-D
City A Sub(Was)lst5s'4>
CoalA I Ry 1st 5s '20 F-A
OolAGrnvlst6a.l910J-J
Consol Gas 6s.. .1010 J-D
1939 J-D
5s
(lait Ala 1st con 5s '45 J J
la < 'arAN lst5sg"29J-J
Georgia P 1st 6s. .."22 J-J
laSo
Flu 1st 5a 1W45J-J
G-B-S Brew 3. A3 1951 M-S
•
A
frVJWfWe S« 1951 M-N
1st 5s '2HA-0
65
75
95
165
100
125
03
12
33
450
06
4 134
4 34 4
35
89
93 4 1014
12
70
94
9%
l«ike/( Bl 1st gu5s'42M
Met8t(Wa*h)l8t58*26FA
Mt
V'er
Cot Duck 1st os.
Norfolk St 1st 5s '44... I
North Cent 4 4-s 1925 A-(
Series A 6s 1920
J-J
Series B 5s 1920. ...J-J
5m
Trao
.J-J
Pitt Uu
1997
PotO Val lsl 5s 1041. .J-J
Sav Fla A West 5s '34 A ()
-.1
101
ioi"
110%
BaltA PlstOsml'll A-O
Bait Trao lot 6*. . '29 M-M
No Bait 1)1 v 5s 1942 J-D
113
118
121
D.2
1
05%
lOo'v
71'-.
U14
106
mi
1
71%
^7 50 paid,
Convertible .'<s.'uo M-N
Kvcon.")sl032 M N
Kxt A Imp i. 10.(2 M s
f
$15 paid.
.
*10 pauL
i
116 117
92 «a
05
96
106 4
VIC
lis
112
11
I
116
i 20 paid.
2d Mines
8d oerlea 'is 1916.. M-S
4th ser3 4-6s 1021.
6th seii.-s 6a 1938.M-S
Ms
103
new
Funddebl 2 8a
oon 81
West N
r_(M
Wll •> Weld
J
L991
101
1
6s..
19::.'-
I
J
82 4
93
iia"
no
120'
12i'4
112
110
11.
i
004
90
II
1 12
I
1
13"
99
98
9M*r
06
101
L09
114
100
11-'
113%
06
05 4
-i
J J
'514
314 34%
'.12..1 J
P 18188*11 J-J
113
01
i
.1
8a L908..M S
6a loll ...Ms
\'a (State) So
122
<
1174
1094
1104
loo 4
110
117
82 4
1st 1 4s'29M-N
I'.l 1st 48 '49 M-^
II'
Incoini'-ls l'.MO
1st
Ask
111% 1124
1244
1154 116 4
LA P
Un By A
Va Mid
59 4 Deo
08 Deo
22 J 'no
116 4
100
115 4
112 4
I
1; i;i
111
1
1044 1054
Incomes
.\Al)Pl«t5s'38.M-N
General 5s
10 11 M-S
1014 102
110
19
105
95 4 96 4*
120
110
114 4 1154
106 4 106
N'pt
Seaboard A L4s 1960 A
Seal) * Roan 6a 1020..)
Booth Bound Lit .">s..a
1004
1
Bid
M/^« • x'TftO
98%
104 Deo
1
45% Jan
1
Jan
59 4 Deo
4 4 -Nov
70 Deo
43% Oct
Not
414 Deo
Mar 46 Deo
Mai 42 4 Deo
3 Jan
19 4-Mar
liALTl.HOltE
i
114 Deo
14 4 Nov
44 4 Nov
7% Feb
105 4 105%
1 05 4
I
'
117% 118
Bonds
I
'
104%
U Trao Pit gen 5s '97 J-J
Welsbach s t 5s 1930. J-D
3
Chas City Ry 1st 5s "23 J-J
117
Un RysTrctIs48'49JAJ
J'ne 51 Nov
184M»y 26% Oct
43
4
12% Feb20
174 Jan27
49 Jan 20
28
Ask
Bid
ioi"
M
Feb 28
20
544 Apr
29% Oct
Anacostla A Pot 5s
AH A Ch l8t7...1907 JJ
Allan C L BK4el962M-8
Atl Coast L(Ct)ctls5s J-D
Ctls ot lndebt 4s
J-J
6-'.o yr4s 1025
J-J
Bait C Pass 1st 5s '1141-N
Bait Fundg 6s. 1910 M-N
Exchange 3 4s 1930 J-J
r
Peun A
Pa A N
K
Con 6s 1930
Con 4s 1939
A-O
Penn Steel 1st 6s '17 M-N
e's Tr trcerts Is l.i
l<nAcoltr5.s'4'.) M-S
P
800
Kx Imp
Pret
1919... Vai
Md Steel con So.
Y Can 7s '00. U
Consul 5s
"i'4
12
in"
New Con Gas 6s 1948 J-D
New.irk Pass con is 1930
NYPh A No 1st 4s '30.1
Income 4s 1939. ...M-N
NoOhioTracconos'l '.J-l
I0u4 No Penn 1st 4s '30. .M N
"••;/ Peun gen 6s r 1910.. V'ar
lot
PHILADELPHIA
A E gen 41 5 g'20.A-O
Gen M 4sgl920..AAO
.1
Preferred
^
A-O
Indianapolis Ry 48.1938
Interstate 4s 1043 ..F-A
Lehigh Nav 44s '14. Q-J
RBs 48 g
1914. Q-t
Gen M 4 4s g. 1924. Q-i.
Leh V C 1st 5s g '33. .JJ
Leh V ext 4s 1st 1948. J-D
M -2d 7s 1910
Gen cons 4s 2003. M-N
50
Warwick IronA steel. Hi
We«I Jersey A Seash.50
con 5s '25
Leh V Trac 1st 4s
•
ueli
Peo Tr stk tr ctlh
Gas-L 1st g 5s 192s
H & B Top
50
5i
A
E«i II
Key.-toneWatchCase.lOO
Lit Brothers
Little Schuylkill
P
ConTracofN J 1st 5s. '33
E A A 1st H 5s 1920 M-N
Elec
1<»
lot
Indiana Union Tr....lOi
Insurance Co ot N a.. It
Prelerred
Ask
m"
It
Geruianlown Pass
Bid
Balls Ter 1st 5s 1926. J-D
90%
BergAEBrwlst6s'21J-J
Bethle Steel 6s 1998. y-F 1204
Che A DCanlst6s'16J-J
Choc A Me 1st 5s 1949 J-J 118 1184
Ch Ok AG gen 5s '19 J-J 109 4 110
Col St Ry 1st con 6s 1932
5»
Preferred
Welsbach Co
28
6% Al Val E ext 7s 1910 A-O
AmRysconvSs 1911. J-D
404 Atl City 1st 5s g '19. M-N
Steel.. 10
Prelerred
f
61
5i
Preferred
Diamond State
8% 8»4e Philadelphia Electric*. 25 6,255 8 J'ne 5
28
28
27% 27% Phlla Rapid Transits. . 60 1,825 17% Jan 4
60» la 61i I6
60 51,502 39% Jan 13
614 61» 18 Beading
•46% 47 4 •47
107 45 May'JO
47^
Do 1st pref
60
•49
49 4 •194 49%
Do 2dpief
10> 42 Jan 9
50
500 58% Mar 9
02% 62% Union Tracton
62% 02%
50
93
17o 90 J'ne 6
93% 93 4 93 4 United Gas Inipt
50
lionds
10
Trac Pitts
8%
28
Inactive .nocks
American Cement
Bell Telephone
Cambria Iron
53
28% 28%
11
114
28
Ask
Bid
a
49%
71% 714
48-4 48%
8H 19 8'4
•524 53 American Railways.... 60
123 48 Jan 3
28% 29 Cambria Steel
50 7,7.,
24% May22
Electric
10
3,141
104Jan25
114 114
Co of America
10 Gen Asphalt tr ctls
14
*S
100
9% OU 17
•41
43
Do prettrctfs
100
38 4 J'ue20
100 1,020 14 4May24
134 18%
18% 18% Lake Superior Corp
109 110
110 1104 LenigU
A Nav tr etis. 60 4,626 1004J'ly 3
74
74 4
744 74% Lehigh Valley
50 16,10o 52 4 Jan 9
725
100
3 J'ne 1
3% MarsdenCo
3% 34
71» 18 71%
72 4 Bennsylvania RR
72
50 2,712 85>%.„May22
48-4 483r
Phiiartelp'a
49
Co
(Pittsb)
50
11,222
48%
40% Jan 25
•52
;
A-O
Nates
Stocks see below)
70%
4
J'ly
J'ly
price Friday
ol
ll.
US Mm '111
121)
1917 F-A
Gold 4s
Western Teleph A Tel 6s.l93i J-J
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley 1st 7s.. 1909 J-J
Boston Bonds.
2
04 4 Sep '08
Oct '05
103 4
103 4
120 4 Sep '04
101 4 Sep '06
<H
:,
West End Street Ry 4s. ...1915 F-A
1914 M-S
Gold 4 4s
1916 M-N
Gold debenture 4s
(For Bonds and Inactive
Friday
124
80
ACTIVE STOCKS
Thursday
ibo" i'oT"
1074
J-J
Exchanges— Stock Record,
1'rices
•27 4 28
•89 •< 91
28
98
140 4
102
189
Oet '06
121
104
A-O
A-O
A-O
A-O
10241
1074
101
g 6s... 1045
io:;0
Boston Term 1st 4s
Old Colony gold 4s
1924
Oreg By A Nav con g4s..l946
19'
Oreg Sh Line 1st g 6s
Kepub Valley 1st s f Os... 1919
Rutland 1st con gen 4 4s. 10
Rutland-Canadian Ist4sl949
Savannah Elec 1st cons 5s. 0.v.
Seattle Elec 1st g 6s
1930
1020
±erre Haute Kleo a os
Torrington 1st g 6s
1918
U nion Bae R R A 1 gr g 4s. 1947
1911
1st lien conv 4s
United Fruit conv gen 6a. 1911
U S steel Corp 10-60 yr 5s. 1963
100
121
1012 A-O
88.1920 A-O
Is..
I
Low tltgll
100 4 102
Hi
107' i
MS
1
1024
08
1st
Central cons
1
i-d
11
High
LOI
Sep '00
1014 101 Oot'08
l2s4J'ue'(U
mi'
1
|
J-l)
1
L28
I118
•864 87
87
87
•10841094 1084 1034
4 584
101
128
1
.Si
lanvari/
ast .^iHc
1
nil f
/. ii
tiange or
-J//
Ask
101
M-N
M-S
'
Mai'Oo
Oct '05
1004 Mar'02
112^ Jan '03
Wednesday
Oct 18
87
98%
106 4108
108
109
I0i>4
Q-J
99 %
99 4
95 4
107%Oo*'0
10(1%
100%
120 4 -Mai '05
120 Feb '05
107 107
1 00 4
124
124 4125
108 109
A-O
A-O
A-O
New England cons
|>eo'ti2
994
JJ
L913
1917
1923
100s
102S
1934
1011
Jan 1989
1st cons mo3s
2d cons ino 3s
Jan 1030
Mich Telep eons 5s tr ree. 1929
Miuue (it'll Kleccon g 5s 1020
New Kng Cot Yarn 5s
1020
New KugTeleph 6s
1906
1007
6s
Os
1908
1915
58
1114111%
M 014
May 'OS
1004 Sep
Vi
Me xuan
102%
129
91
91
109
Bid
.v. M ten 4s
Assented inroino 5s
A Br 1st 5sl020 A-O
KanC 81 Jo A B 1st 7s.. 10117 J-J
Maine Cent cons 1st 7s... 1012 A-O
1034 104
J'ne'o:.
90
109
M
I
(id
231
Wt-ek's
Friday
10 10
Kan c A M By
1114 J'ly'O.
A-O
M-N
89 ? 90
57
A
ion,
914 08%
J'ue'ol
A-O
1084109
27 4
27 4 28
89
•574" i>7 4
88
LOS
1
in
J-l)
87
1
1
112
102
99 'g
J-J
J-J
lt)841o94
•27
Illinois steel let.en 5s. ...
Noli -00 live 1 di-ben 5s...
l.i l-alls.t Sioux C 1st 7s..
Kan (J Clin Spr 1st Bs...
KanC 11 8 A '.uit 1st 7s..
Kan (' Ft Sen \,
6s
'v
117
J-J
Tuesday
Oct 1?
16
07
1
L034 Mayo:.
Feb '04
12 4 Jan 'OH
1 3 4 Dec '04
Sep 'ii".
102
99 4 Sep 'OS
J-J
hnre Hrices— Not Her Centum
Monday
//11//1
1
Philadelphia and Baltimore Stock
6'd'nrrfay
Oct 14
I
;'0', lin'14
U
irice
Boston STOCK BXCH'G E
WKKK ENDING OClOBK.lt 20 14
110
Feb'0-l
104 4 Apr "00
pays accrued interest In addition
•
air
',
102^
08%
;<"_"i
li'07 J-l«
I
I.
VS
««Sev '06
38
li
1
'.
1
BONUS
liana*
Since
/anuarii
Low
94%
MS
MS
l'.'.M
f<
Jl
las:
Nov
L916
4s
104
Boston A Maine 4 4s
194"
Boston Terminal 1st 3 4s.
6s
Kiv
ex
1918
Bur ib Mo
.Nod -exempt 8a
1918
1910
Siuking lutut 4s
1917
Butte A Boston 1st Os
Cedar Rap & Mo K 1st 79.1910
2.1 7s
1909
Ceut Verml 1st g4s..Mayl92o
O B A vl Iowa Dit 1st 58.1919
1010
lowaDiv 1st 4s
1913
Debenture 5s
1022
Denver Exten 4s
1027
Nebraska Exten 4s
1021
B A 8 \V 8 4s
1949
Illinois Div 3 4s
Joint bonds See Ot Northern
5s.
1915
Ohio Jo By do Stk Yds
Coil trust retunding g 4sl040
Ch Mil * St P Dub 1) 98.. 1920
Ch M 4 St P Wis V div 6sl920
Chic A No Mich 1st gu 5s. 1031
Mich gen 6s.. ..1921
Chic A
Concord A Mont cons 4s.. 1920
Conn A Bass H 1st g 4s... 1943
1927
Current Kiver 1st 58
1st 4s... 1940
Det Ur Ban A
Dominion Coal 1st 8 i 5s. .194c
Eastern 1st goldOs
1908
loos
1'itchburg 5s
1915
4s
1027
4S
Fremt Elk A Mo V 1st 0s..l933
1933
Unstamped 1st 6s
Gt Nor C B A Q coll tr 4s 1921
Registered 4s
1921
N otk— Buyer
A'd
Sale
Bale
-
MS
J'ly 1996
1st os. 1908
latineut g 4s
S
1
1
I
15
1
16
110"
10%
119
20
THE
n-23
Volume
CITRON TCLE.
(ism Heciirftten
Indianapolis Gas
50
lstgos 1052
L-0
Business at Stock Exchanges
oi
Jackson Gas 5s g '37.A-0
Kansas City Gas
10o
TRANSACTIONS AT THE NKW YORK STOCK KXCHANHK
DAILY. WEEKLY ANU YEARLY
Week
"in'
Stocks
tno
iO
luu6
Railroad
Oct.
Shares
M iinday
+ 15.1H4.400
698,191)
728.11929,913
Friday
33,719,700
4X.V23.50O
65,629,000
09,491, HOO
89,400.300
3.335,453 *311.855.300
Total
$10,000
4,000
6,000
1.000
3,000
1,043,1100
867,300
711,400
January
t
to
—
$18,286.8U0,S7.-, + 10,632,006,400
$709,700
t5 26.300
*503,120
167,289,950
679.580.7u0
4592,680
13.425,940
636,461,900
RR.
anil mis.
i847.378.770
$650,480,520
$24,000
4,84 i. 700
12,774,800
bonds
if.5til.100
39,257,000
$39,818,100
U7.640.50o
Total bonds
DAILY I'R.kNSAOTiONS AT THIS BOSTON AND PHILADELPHIA
EXCHANGES
24
Pat& Pan Gas & Elecl Di- 70
1949. ...M-S $100
ll Con g 5s
St Joseph Gas 6b 1937.J -J i 99
80
75
07
101
.100
J-l)
Cable loo
Central & So Amer. loo
Commer Un Tel (N Y).2.
Emp & Bay State Tel ion
Franklin
lou
1iGold -fc Stock
HJIi
Hudson BiverTeleph 100
1lN Y<feN J Teleph....00
&
Week
emlvii.il
Oct 20
share*
Saturday
Monday
Tuesday
Wednesday.
Thursday
Friday
Total
Unlisted
shares
Listen
lituo
Bond
Listed
shares
sales
Bond
Unltsteii
shares
5(1
22,238
117,244
48,371
$380,605
$47,000
81,500
53,500
20,000
43,000
14,000
6,045
25.773
27,271
21,656
322.984
104,950
$265,000
14,'261
J-l>
Greene Gold-Silver
10
GugKtuheimExplo'n. lno
Hackeusack Water
1 00
74
iloboken Laud
• 5s
1910
& Imploo
Ask
NKW YORK CITY
35
33
Bleeck St<& Ful F stk 100
98
94
1|lstmort4s 1950 ..J-J
243
245
H B'y & 7th Ave stk ..100
107
l|2dmort 5s 1914 ...J -J 104
Con 5s 1943 See Stock Excli list
B'way Suit lst5s gu 1924 5108 no
360
HCent'l Crosst'n stk. .100 340
121
IllstM 6s 1922 ...M-N ai7
JCeiiPkN & EK stk. 100 205 210
180
TICurTrife lOthStfctk 100 170
Col& 9th Ave 5s See Stock Excli list
Dry D E
B & 3—
sold 5s 1932... J-D
F-A
1]Scrip 6s 1914
1,1st
U Eighth Avenue sik.100
F-A
liScrip 6s 1914
1)42d&GrStF'y stk.. 100
42d
StM & StN Av.,100
1'lst mort 6s 1910 .M-S
1]2d luconie 6s 1915 J -J
Interborough KapTr.lOO
113
100
385
105
395
50
106 V
65
213
115
103
400
415
70
108V
85
214
md
Street Railways
Preferred
New 4 "as
North Chic Street
$
*«9
81
90
1,
1909 optional.. ..M-N
North J ersey St By 100
Ist4sl948
M-N
Cons Tracof N J...100
1933
J- 1)
New'k Pas By 5s'30J-J
Bapid Tran St By.. 100
1st 5s 1921
A-O
- C Hobifc Patersonloo
4s g 1949
M-N
So J Gas El & Trac 100
Gug5s 1953
1st 5s
MS
$95
97
27
77"
$76
81
84
$108 \ 109 V
$113 Si 114 V
255
60
$109
25
74V 75
i
1
127
104
$10
92
26
96
'J
29
7
NoHudCoByOs'UJ-J H13
5s 1928
J-J $111
Ext 5s 1924
M-N $105
fc.
H
Preferred
81 U
list
list
42 V
9iA
9 2 "a
91V,
00
65
SJ
86
BROOKLYN
Atlan
Ave
5s 1909. .A-O $101
A-O
Con 6s g 1931
E 5s 1933. .A-O
BB<fc
Brooklyn City stock. ..10
Con 5s See Stock Exch
Bkln OroBstn 5s 1908.J-J
Bkn Hgts lstos 1941 A-O
Bkln o Co& Sub See Stk
Bklyn Bap Tran See Stk
DConey Is. & Bklyn ..100
1st cons g 4s 1948. .J-J
BrkC<fc N 6s 1939. J -J
Gr SUfcN ew 1st 5s '06 F-A
W
v.
112
100
101
240
Exch
Excli
300
98
112
100
275
285
112
NY
105
N Y&Biohinond Gas. 100 30
Nor Un 1st 5s 1927. M-N $106
UStandard Gas com ..100 130
list
list
320
102
East Biver
1st 5s 1944
Consol 5s 1945
Gas—
J-J
J-J
$112
$108
155
109
loo
llPreferred
1st 6s 1930
M-N
115
110
112
CITIES
2
5
200
$ 1
02
104
7
36
33
110
80
157 V 160
46
74
20
70
100
list
90
130
6
Monongahela u Coal. .50
t
HOntano
Silver
5
2 78
17
8-.
ib
"a
8 a4
9 «
26
"as 13 3i
110 113
25
1
-.
100
115
<
i'4'0"
46
40
105
181
\b8"
-5
72
r
73
<
26*8
75
8
120
Am
5',
94,
Li
155
40 V
13
2V
r
t
i'I6'\
90
13
1
15Hi
190
1
1
Mont
.
o
50
108
to
•25
a
t
13 7a
36
C5
34
70
74 4
5
Preferred
50
& Boston Consol
Mortgage Bond Co... loo
Mosler Safe Co
100
Nat Bank of Cuba
loo
National Surety
100
TlNew Central Coal
20
Y Biscuit 6s 1911. M-S
YMtge&
N
Security. 100
UNew York Dock
100
77
1
35
l
L
4
3
1
101
63
63
Otis Elevator com
9>4
100
Prelerred
Stk E x list
loo 106 109
2 •
3V
lu7
107 V Phoenix Securities
27 Hj
50 t 27
American Nickel
1-2
1 34 Pittsburg Brewiusr
lo t
46
4SV
'4
Preferred
50
Amer press Assoc'n.100 95 103
Pittsburg Coal Sec Stocl. Exch list
2
4
Am Soda Foun com. .100
4V
Pope Manufacturing. 100
5'a
50
60
1st prelerred
100
73
77
1st preferred
100
12
2d preferred
loo
17
18
2d preferred
loo
194
American surety
50 190
98 104
3 J4
American Thread pret..
4 Hi Pratt <fc Whitu pref. .100
170 i7o
Am Tobacco (new) com 345 350 Bealty Assoc (Bklyn)lOO 109
Royal BakPowd pref. 100
V 112
list
Prefd
6'ee Stock Exch
ol
63
Exch list Bussell & Ei win
25
»S'ee Stk
4s and Os
300
325
Safety
Car
Heat
Lt
100
<fc
Am Typefo'rs com.. .100 35 40
J40
Singer Mfg Co
100 0-0
97 Hi 100
Preferred
100
40
5 >4
Amer Writing Paper. 100
5V Standard Coupler ooinlOO 30
120
33
Preferred
333<
100
Preierred
100
9
8
V
Standard
Milling
89
Co.
100
90
J-J
5s 1919
33
35
Preferred
100
Arizona Con Mining.. .50 t 29 V 30
83 V 84
2
Baldomero Mining
5
Standard Oil of N Ji.ioo 668 070
25
Barney & Sm Car ...100
Storage
8
Power
125
50
135
loo
U Preferred
28
29 V Swift & Co See Boston St k Exc h'go
Betld'm Steel Corp. ..100
105
1st 5s 1910-1914
86
J-J $102
Preferred
88
100
35
Tennessee Copper
103
25 f 34
CoU. tr. g. s.t. 6s 1914.
bO
75
IjTexas
Pacific
140
<fe
Coal
100
145
50
Bliss Company com
1st 6s 1908
A-O $105 110
$140
Preferred
50
190
Title Ins Co of N Y..100 187
100 405 420
Bondifc Mtg Guar
Tonapah Min (Nevada). 1 t 12 V 13'«
Borden's Cond Milk.. 100 170 175
...I
18
TreulonPotteries
113
com
100
116
loo
Preferred
98 102
Prelerred new
100
5 f
8^ 8 4
British uol Copper
3
50
co
3 t
Camden Land
ha
10 Trow Directory new.. 100
1'Union Copper
i»a
3
10
6
Casein Co of Am com.. 100
80
82
Union TypewT com. .100
10>
75
Preferred
1st prelerred
135
100 119 121
Casualty Co of America.
2d preferred
100 115 118
100 133 135
Celluloid Co
34
United
100
34V
15
Copper
20
Cent. Fireworks com. loo
76
7 7
Preferred
100
67
100
71
Preferred
lOo 200
U S. Casualty
5
loo
Central Foundry
27
30
24
S Envelope com. ..100
loo
Preferred
24V
87
89
loo
83
84
1] Preferred
Deb 6s 1919 op '01M-N
794 80 V
See Stk E x list U S Rubber 2d pt (wi) 100
Central Leather
161
165
U S Steel Corporation10!
Century Bealty
'11
114
$112
Col trs 15s '51 opt
Onesebrough Mfg Co 100 440 480
114
106
Col trs f 5s '51 not opt.. }112
City Investing Co...
U S Tit Gu<fc Indem.100 127 130
liClatluuH B)com....l00 109 115
6
7
94 H
Universal Fire Ext'r. 100
loo
1,1st preferred
1
Universal Tobacco... 00
98
loo
112(1 preferred
5
loo
Prelerred
Ex
list
Stoc
Colo Industrial. See
Westchester & Bronx
65
80
Gol ifc Hock Coal& 1 pt loo
177 V
Title & Moi t Guar Co
80
85
J-J
1st g5a 1917
s
Westmgh Air Brake.. 50 H43 150 7
Compressed Air Co.. .100
Knob
Min
(wi)..
White
65
8
60
loo
Heating
Cousolid Car
Preferred (w 1)
1% 1 58
20
15
HCons Firew'ks com .101
116
Wot in
Pump pref. loi zllO
ion
08
II Preferred
t
'
t
'.)
J
I-
106
106
i
100
180
9
list
93
t
1
V
25
10
Securities
Mitchell Mining
aO
5
i09V
108
loo
Garden. .100
10^8
llPreferred
loo
71»4 72
N Y Transportation. ..2o
Niles-Bem't- Pond pf . 100
140 145
Nor
Lum'r<fc Pulp 100
98
104
1
30
40
82
28
37
79
l
OTHER
H
interest.
12
36
Construe. pflOO
Mine
'
.
108 V
150
170
115
Gr'pt<fcLornuei St 1st 6» 102
Amer Light <fc Tract. 100 105
Kings Co. Elevated
1st 4s 1949 -bee Slock Excli list
Preferred
loo 105
3
100
75
Nassau Elec pre!
Bay State Gas
50
l
A-O no 113
Biugliamton Gas 5s 1938 $98
6s 1944
See SI k Ex> h list Brooklyn Union Gas deb
1st 4s 1951
6s 1909 conv '07... M-S 170
N Wb'g & Flat 1st ex 4 V>- 101 101
119
B uffalo City Gas stock 1 00
Stein way let 6s 1922.J-J $1)7
7ifl
1st 5s 1947 See Stock Exch
Consol
Gas
of
J
N
OTHER CITIES
1st 5s 1936
J-J i 92
Consumers' L
Buffalo Street By
& Pow—
$112'-.
114
1
F-A
5s
1938
1st consol 5s 931 . .
J-D $110
1|Detroir, City Gas
A.O $106
50
95
Deb 6s 1917
Elizabeth Gas Lt Co.. 101 290
Chicago City By
see C liicagd il.Sl
Essex & Hudson Gas 100 125
Columbus (O) tet By. .100 loi 106
Fort Wayne Os 1926.. J -J
100 111
44
Prelerred
Gas& El Bergen Co. .100
Colum By con 5s See Ph da lis)
Grand Bapids Gas
111
Orosst'wn lst5s'33.J-D 108
02
Ijlst 5s 1915
F-A J 102
100
59
Grand Bapids By
Hudson Co Gas
100 109
100
Prelerred
87 H, SiO
Indiana Nalifc 111 Gas—
Lake St (Chic) El
See C hicago list
1st Os 1908
.M-N
23
IILouisv St 5sl930...1&J $U2l4 11 -t
Buyer pays accrued
Mex Nat
75
188
325
37
'
90
91
$94
89
II
243
list
102
104
$107V 109
k Exc h list
Exch list
1st consol 5s 1948.. J-J $111
<fc
Am Graphophonecom lt
Preferred
10
Am Ice Securities
See
Am Malting 6a 1914.J-D
179
186
20 V 35
10>i.
loo
6
t
100
100
Madison So.
2d 6s 1919
M-N
IJMauhatt Beach Co. 100
Manhattan Transit
20
109
94
,:*
fc
5
1
NEW YORK
Cent Union Gas 1st 5s...
Con Gas (N Y)stk. See St
Conv deb 6s ctfs Seetitk
103 V HMutual Gas
100
114
New Amsterdam Gas
t
loo
Preferred
30
42
92
125
100
73
107
27'
N
American Chicle Co.. 100
hicago list
109
i 108
$103 105
M
Alliance Bealty
Amer Bank Note Co. 50
American Can com... 100
Preferred
8H»
45
V
I
I
3\ Mackiy Companies ..10o
3>s
.Uiscel
II
113
107
$124
$100
Exch
Exch
and
110
'4
V
,
112
108
Alb & Susq 40yr 3 Hts cts $115
Chic Peo & St L pret.100
Deposited stock
2h
Undepo8ited stock
2»a
Pnorlieng4 us'30M&S 106
Con mtg g 5s 1930. J &J
90
Income 5s 1930
15
Worth & Denver
II Fort
City stamped
100
72^
Northern Securities.. 100 184
Stubs
300
Pitts Bess& L E
31
50
Preferred
50 t 74
Seaboard Air Line—
ColHr5sl907 op. ..M-S
SeaboardCo
See Bait Exch
Va & Southwestern. .100 60
Industrial
7
LOO
M-S
23
'*
Internat'lBankingColoi.
13--„
Int'n'i Merc Marine, ion
36
Preferred
loo
Col tr deb 4 V1922op'07
33 1„
International Salt
loo
07
1st g 5sl951
oV
International Silver, loi
45
Preferred
loo
1st 6s 194«
J-D $H'7V
82
Lackawanna Steel. ..loi
Lauston Monotype
20 r 15
Lawyers Mort lnanr.100 185
45
ILeh <fc Wilkesb Coal.5i
Lord <fe Taylor
100 llov
101
Preferred
loo
130
ULorillard (P) pref ...101
72
94
110
1
See C hicago list
Pub Serv Corp of N J100 101 105
Tr ctfs 2% to 6% perpet
65
66
CoU trust. 5s gold note*
<fe
W
8o 34
100
Pat City con Os '31. J-D
Pav F5s Seem i Exc list
2d Os
1914 opt A-O
Metropoi Securities See Stk E x list
x list So Side El (Chic)
see C
Metropol Street By See Stk
Syracuse Bap Tr 5s 1940
Ninth Avenue stock. 100 185 200
Trent P &
5s 1943J-D
Second Avenue stockloo 205 210
103
United Bys of StL
Hist mort 5s 1909 M-N $102
Com vot ir ctfs
100
F-A $114V 115V
Consol5s 1948
100
1] Preferred
HSixth Avenue stock loo 170 180
Gen
4s 1934
See Stk
Sou Bouiev 6s 1945. .J-J $102 106
UmtBysSanFran 6'eeStk
So Fer 1st 6s 1919. ..A-O 4105 108
Wash By & El Co.... 100
Third Avenue See Stock Excli list
Preferred
100
Tarry
P & 5s 192h nos 108
108
4s 1951
J-D
YkersSt BB 5s 1946A-U J105
100
28th & 29th Sts 1st 6s '90 $110V 112 Si H West Chicago St
UCong 5s 1936. ...M-I>.
IJTwemy-Th'd St stk 100 398 415
100 101
Deb 5s 1906
J-J
Union By 1st 5s 1942 F-A $uo 112
Gas Securities
108
Westchest 1st 6s '43 J-J $105
Lex Av
Ask
Lynn& Bos 1st 5s '24. J-D $109V 112
New Orl Bys& Light. 100 3
36 U
Oil
Hi
IS
17
38
70
106
Co-
prelerred
2d preferred
1 at
\
t
ef
Hernng-Hall-MarvinlOO
10*
....
16
22
g 4s 52 op 12... J -J
Hall Signal Co
100
Havana Commercial. 100
Prelerred
lou
Havana Tobacco C0..IOI1
Preferred
loo
1st g 5s June 1 '22. J-D
Hecker-Jones-Jew'l Mill
1st Os 1922
M
lt
Railroad
Bid
I
%
3S
75
70
t
Hackensack.Weadowsluij
67
91
101
60
97
142
32
2i
Ingersoll-ltaiid pret.100
98
40
1906M-N
141
100
loo
Preferred
Hudson Realty
NY & So Blykn Ferry&St
102
J1
50
100
100
7
2"%
loOV
1
Pi eferred
Electro- Pneum'ic Tran 1
Empire Steel
100
Houston
11
Weekly Review o' Outside Market will be found on a preceding page.
Street Railways
i
100
VA\
Diamond Match Co. 100
Gold Hill Copper
1
Greene Con Copper. ..Id
Greene Consol Gold... in
105
B&NYlst6.s 1911. J-J 105
N Y & E B Ferry stk. 100 70
1st 5s 1922
M-N
90
NT Y & Hob con 5s '40. J- > 3109
$110
Hob Fy 1st 5s 1946 M-N
N Y& XJ 1st 5s 1946. J-J $104
1st 5s
35
18
07
6s
2U
Prelerred
100
IIGeneral Chemical ..100
1 oo
1 Preferred
140
53
85
23
73
loi
lothifc 23d Sts Ferry 10i
1st mort 5s 1919. ..J-D
Union Ferry stock .100
111st 5s 1920
M-N
Outside Securities
A
'.
Brooklyn Ferry stockloo
Trausp
25
Preferred
Electric Vehicle
36
100
Ask
Bin
ion
loo
Preferred
Ferry Companies
$79,133
87,800
40,800
84,000
35,000
47,962
8,258
20,620
21.169
15,703
14,666
24.528
Eacel
Electric Lead !itiluc'n.5i)
Electric CoinpanieH
J
II
Dominion Becuritiex. 100
Douglas Copper
5
Chicago Edison Co .See C ncago list
1iKiugsCo ElL&PCo ion 195 205
Xarragau(Prov) lil Co 5u 198
N
!
:
31
10
'
47
53
120
92
87
168 "a 170
125
128
80
85
.
sales
2,263
4,565
2,578
7,350
15,907
15.702
27.324
72,040
67,528
47.459
49,402
69,225
!
92
130
115
78
Atlantic
25
llSouthern <fe Atfautic 2.r
Prelerred
United Electric of
48 1949
r
'Dominion Copper
& Telephone
Amer Teleg<fe
Northwestern Teleg.
n
Electric Boat
5
Pacific
l
30
112
3
1|
niliiMl rin
I
Cons By LtJC&Befng. 100
Consol Bobber Tin-. .loo
Debenture ;Cons Storage Batterylou
Cramps' Sh<fc En BldjclOO
UCrocible .-teel
UPretei rou
Cuban 08 o 1896
.
A-O $108
111
.N'Y&u ElL&PowColOO
Philadelphia
Boston
50
101
'
114,881,693
197,130.192
BONUS
<Jovernmem bondi-
40
:
9,168,875
3,335,453
Stocks -N O.Bhares
r31 1,856.300 $847,822,950
Par vaiue
$17,000
$18,500
Bank shares, par..
103
1
Teleicr
1904
1005
1004
B*J
^i
60
loo
5s 193M
HOdfc /inlC Natifc
1st 6s 1926
1|
1905
A
No Hudson L H & Pow —
Oct JO
Hew York
Exchanue
i
Bui
50
Preferred
no
luo
Lalay'eGaslsl 0V24.M-N
35
30
Log&WabV 1st 0»'25.J-D 28
80
Madisi n Gas Os 1920. A-O $106
110
Newark Gas Os 1944. y-J $137
Newark Consol Gas.. 100 90
92
flUon g 5s 1948
s-l) illlh 113
$24,000
$12,774,800 $4,841,700
Ween ending Oct 10
sales at
Stoat
$472,000
770,500
977,500
$1,553,500
1,974,500
2,119,800
2,200,000
1,817.500
3,104,000
Gas
1,
1'ar value
102,294
370,072
540,200
Saturday
1iL;i.clede
D 8
Bonds
State
lionds
ice
lionds
(VoLLXxxr.
Price pjr suare.
129
48
00
1
.
104
110
26
{Saie pried. tiExn^uts. Jiixai/
t
iNdiV
stooii.
n
sens uu
^tooit
11
1:
Exohaugd, out njt a vjry active securit
•
.
..
.
.
..
.
11!1
THE CHRONICLE.
o.t. 21 1905.|
1
233
Investment and Uluilroacl Intelligence.
RAILROAD GROSS EARNINGS.
The following table shows tlie £ross earnings of every STEAM railroad from which regular weekly or monthly returns
can be obtained. The Brat two columns of figures Rive ho gross earnings for the latest week or month, and the last two
a 11 a supplementary
columns the earnings for the period from .Inly 1 to and including such latest, week or month.
statement to show the fiscal year totals of those roads whose fisoal year does not begin with July, but covers some other
The return* of the street railways art brought together separately on <i subsequent page.
pen k1.
t
W
Latest
ROADS
Ala
N O
Alii
.Mont'i
Southern
tjt
A
-OUtlli rn
lexa- Pacina.
Jept
NU&No Kaot
Alii
*
J
Vloksb'i:
ej.t
;;.iwn July
Dop .V S Fe.
Atlanta A Char..
Atlantic A Blr..
All Coast Line..
Halt .* Ann S L..
Bait A Ohio
Haiu-or A Aroost
Au.il-t ..
July. ..
\nsrii8t
Aiii;u«t
\UgUSt
3epi
August...
Be.lefoute Cent'. sept
Brldgt A Saoo B. August .
A- Pitt* 2d wk Oct.
A Susq... august...
Koch
Bin!
Burialo
Sept
Cal Northw'u
Canadian North. 2d wk Oci
Canadian Pacini Jd wk Oct
Ceni'l of Georgia 2d wk Oct
Om'i or N Jersej August
Chattan South'n. 2d wk Oct
Ohesap A Ohio.. august...
Cine A Alton By. AllkiUSt
Chi. Ht Western 2d wk Oct
Cbic lud A L'v.. 2d wk Ocl
August...
Chic Milw A Bt
August...
Chic A North W
.
.
1
Chic St P M
Cuk' Term
A
Cm N u A T
vugust ..
2d wk Oct.
Pae 8 re ao utile
CICin CliA
8t
Feona A
r
I
i
(>.
Kl.
Aug.i-t...
lllillt
i.
ast'i
.
2d
wk
Oct
Coi Newb A- Lan. August...
Copper Range... July
August...
Cornwall
Cornwall A Let).. August ..
Deuv. A RioGr... J a wk Oct.
Dt-t a Mackinac. August ..
Colorado
ft
Detroit Toi.
Dul So Sh
sou;;.
A
IthwkMa)
lr
A Atl..
Erie
A
N'r'e's:
FaruiMile
Fo
F'robilil
&
Fon Johnst &
Gl.
Ft W ADenvCiu
Georgia KB
Ga South A Fla..
Gr Irunk System
GrTr. West'u
Let ^r H A.M..
Great Northern..
•Montana Ceut'i
Total system.
GuliAsninlslaui;
Hocking Valley..
Illinois Central..
Illinois Southeri
Ind IU
Int
<s
A Iowa...
Interoc (Mex) .
Iowa Central
401,200
90,200
38.520
59.240
358,700
90.34:;
wk
Oct.
2d
.
wk OOt
'2d wk Oct.
Kanawha A Mici, august
Kan City South'n August...
LakeEneAWe-u> June
147*300
122,10.
58.292
156.000
114,790
61,724
190,001
490,290
164,791
520,07'-
Lehigh Vai BB.. August... 2,836,03" 2.4l6".317
Lexing it East'n. August
47,473
39.890
August
Long I land ...
Inc.
38.589
Louisiana A Ark. August
74.790
67,003
Louisv & Nashv. d wk Oct. 790,900 &797.5-0
14,-;Macon & Birm... Sept
11,931
Mania <v No Eas July
30,763
34,3.12
Mamstlque
sept
7. -9
12,300
Maryl'd A Penn.. August
35.199
30,780
{Mexican Oent'l.. August
2,294.684 2,089,895
; Mexican litem. 2d wk Oct.
122,340 144,433
{Mexican By
Wk sep 30 106,000 112,300
Mexican 8oulb.'ti •ithwkSept
29,273
33,81
Mineral Range.. 2d wk Oct
12,73
15,46
Mlnneap A 8t L. 2d wk oot.
73.210
68, 10
M f 4 B Bt M 2d wk Oct 271,698 205,083
Mo Kan A 'lexa- 2d wk Oct. 460,877 4-1.9-3
Mo Pm i3i lion Mi [2d wk Oct 803.000 893,001
Central Brancn d wk Oct
33,00(
38,000
lotal
d wk Oot
oli.OOO 926,00)
Mot. Jack .\c K
Wk Sep 23 al6,626
12.614
Guit.sCnic.Dlv.
r-
1
:
i
«
(
or
Mobile
62 1,92
273,353
235,241
579,79312.783
825,266
Inr. 2:.::. -in
102,779
107,682
1,651.945 10.ls7.170l
3 16, 186
317.285
-1.000
156.191
3,302.676 2,929.033
-7.521
30,895
i
1
1
18,714.72:; L7,193,65
349.22
14.986
12,299
2,734.914
213,253
1
1
29,330
49,s7August... 4,400.751) 4,103,880
August ..
1.774
2,806
wliatian— Now Tid.- svatec A
August ..
82,001
72,lso
August....
271,015 191,373
August...
'211,30 4
193,606
are southt rn By. >j item belo
2d wk Oct
736,514
793,853
4thwkSep'
151.241 133,055
UhwkBepi
35.715
40,810
cept
4,733,247 3.701,674
se^t
222,403 196.120
Sept
4,955,050 3,897.794
let wk Oct
41,509
1/31, 75b
Aueuct...
575,791 609,473
Sept
3,907,295 4,340.700
Sept
31,805
24,01
2d
June
GtNorth'i. 2d wk Oct,
t
32.008
5,967.032 5,4 14,334
317,--:>
346.481
5)1,759
78,815
1.612.763 1,453,990
13/115.612
6,54, ,806 6,048.760
181.43*2
176,010
4.770
5.413
4.-16.986
108,542
182.02!
132.680
96.24
109,069
181,619
122,300
88,700
1.305.1)00 1,031,000
t,200
252,600
2,248,388 1,979.57;.
2,964
2.480
1,967,281 1.819,781
1,056,300 1,193.004
136,450 166,02127.638 113,559
•1,4.07.1.05 4.205.054
5.361.303 1,929,010
977,702
1,028,981
35,253
31.666
rn By. 8,\ .-tern belo
,126,092,158,26(
257,840 260.127
140.64> 127.249
19.449
15.973
01,173
56,490
15,010
5,875
20.68s
41,432
ROADS
treviou*
Year
«r.
201.883
113.947
US, 170
147,693
33.532
Jnr.
Ann Arbor
beV
544.--:
1
1,354,000
16,735.908
3,217,058
4,320,14
37.727
3,742,894
i
1
A
Ohio..
Nash Ch a st I...
Bitot Mex
Nev-Cal-Oregon
IN'at'l
Nevada Central.
N YC& Hud Klv
N
YOnt A
West.
N V suh<i A W.'si
Norfolk AWest'n
Vorthern Central
North'n Paoltto.,
Ohio uiva West..
Paolflc Coast Co
329,828 cFenu— East I'Al-.
10,082
cWest P & B..
9.215 PbilaBalt&W'sh
2,400.128 Phila A Brie
176,557 FittsbCC A St 1.
497.550 Baletth & 8'port
1.068,800 tieadinir Railway
15,132,072
Coal A lr Co
2,881.611
Total Both Cos
3.901,230 Rich Fi'ksb A P
41,095 Kio Grande Jot..
3,491,284 Rio Grande So.
2,140,204!
2.102.201'
1,705,922
8,207,274
9,554,090
1,825,523
462,719!
1,980.9:;:
w.
week July
4tli
wick- July
2.1
eeK Aug. (41 ioa.l.-i
Week Aug.
road
1
All,-.
4ia week An.-.
(<•»:
2d
3d
|
1
1
n.:i
.
.
I
i
o.;..
13 n> tdsj
.
..
week Sept >o roa^s)..
week Sept '37 roads)..
week Oct
2d week Oct
I
i37 roads)..
KM
8,248.621
12,024,707
-."."
,712
8,2;
I
40 roads)...
.-.-pi.
4th week Hept
..st
11 road.-)...
.4-1
.
j
I
I
!
.
.
PA
1
1
A
<;icoss
Inc. or Pee.
9
139
.35 roads)...
68,731
12.178,421,10
-.754.057
3,663,273
12,368,234
-.'.'11.77
1
9,li-,077
1
+598,229
.".71.57.
348.127
.02.578
•
•
1
3,709,013
-
i
1;
168.20D
28
l
1
1
1,077,855
150,334
151,460
61,249
146,300
20,238
220,162
12,000
7,524
411,479
28,790
78,615
Pacitic
19,064
<
A
and
MONTHLY SUMMARIES
Current
Year
Period
Jan.
Mar.
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
1
to
to
to
to
Aug.
July
Aug.
to
Aug.
Aug.
to
to
to
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Dec.
Jan.
Seashore
Alt!NI\<;s— Weekly
.
61.472
5.758,736
84,675
480.018
380.202
773,950
123.520
12.170
20,484
641,003
15,018
427,058
997.437 14.823.147 14,029.681
144.724 2.412.442 2,265,272
1 lO.l 17
2.124,349 1,963.252
940,281
830,611
58,363
149,894
440,771
416.538
229.267
19,877
201,181
269,609 2,935,003 3,190,984
11,900
23.000
24,600
13,695
8,70
16,689
387.995
738,001
753,305
24,885
390,400
389,605
77,797 1,210,492 1,126.149
53,937
175,237
160,384
4,312.090 11,214.448 9,477.692
241.127
49,069
147,192
584.831 7,405.348 8.315,141)
315,483
3o0,202
315.483
691,450 1,429,231 1,301.031
90,870 1,014.362 1,332,000
4.110
4.HO
12.170
18,832
38,283
36,311
002,094 1,232,398 l,180,So3
12.530
28,789
24.057
643,58
1.412.121 1.745.977
Ian.
.11
Oct
Oct
Oct
Oct
Sept
62.:-.77,353
Oct.
Oct.
June
July
Sept
Aug.
Oct
Sept
Sept
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Aug.
Oct
Aug.
Year
$67 3,557
#1,466,799
554,918
40,137
Inc.
$1,590,715
769.169
44.376
14.280,201
1,778,636
4,707,899
4,942,025
2,277.854
207.872
79,290
172,764
4.979,997
4,667,200
919,090
31,282,638
1,413,52 1
32.696,159
9.650,69*
Sept.
Previous
13,890,003
2,017,519
4,191.108
4,a85,04S
2,325,228
254.758
62.721.
155,677
5,415.547
4,549, lOO*
887,64532,288,95i>>
l,337,010>
33.825.969>
9,039.295.
57,488,231
0,708.545 6,636,14585,183,869 76,476,669
Inc. 4,8
03,300
9.550,8 10 s, 990,2 io
5.103,011 1,959,720"
17,047,314 15,011,100-
420,568
8.580,988
3.261,683
397,074
8,627,775
3.077,0-3
out lily.
Current Year Previous Y'ar
1
Jnc. or Pec.
.
V
9
159.732,959 15 1,758,622
L974.337 3-21
1,0
13.39
154,304.117 140,909,476 +
- .,
•I'.uth Dec. 1904 (123
146,748,102 130, --9. on> +9,-5-, 162 7-2(>
I-,
Month Jan. 1905 '110
127.073.05S 19.220,07- +7,852.980 o .137.629 ;;-..!
4 75i| Month Feb. Io05 (117rds.i 113.71 1,500 117.252,135
Mouth M;ir. 1905 .11- r.N.i 13.622.857 130,879.546
L2.7 13.31
:;i
nonth Apr. 1905 il!5 rds.i 136,595.868 127.237.31
H 9,35
1.:.
Month May 1905 ills rds.i 11 1.103,2
129.712,730
,
i-,..
1.09
1.- 15,0
Mouth June 1905 (lOlrdn.) 125.012,575
32'. .7... in ..j
1.1.
94 Month July 1905 ill.', rds.) 143,658,287
13.1' 5.069
1.-07.1'.!
Vloutb A lc. 1905 (115 r.!.-... 154.972,550
15 M. nth Sept. 1905
55 rds.i oi... 19,676 56.G4 5,75V
10-68
<,-.,:;
Month Oct 1904 (124
Month Nov. 1904 (124
1
rds.)
rds.
rih.
rds.)
1
1
i
1
,
1
,
1
i
i
1
1
1
1
1
;
1
1
1
|
11
•
">
(
Uecatur .oAckerrnan Inclusive. r> Inoludes the ttous A Tex. "... and n
uimi Kuoxyears.
.t Eastero Illinois In both
U aad pioviouily boen '.uclulod in 1905 since Jan 1. v Lo->s is^niir ly in luo pa-.3enger
IMexJoan oorrenoy. a Figures include earnings of
ubsid. lioaslo i>otaye*ra.
e Covers linea i.
vllle Jc Noruiern included In hot
years «ince April
earnlngn, cauaeu uy yellow fever quarautlut-
1.(7:.
+149.0e3
8,514.190
11.899.U65
-.'
in
+376,1011
-.'172,9-1
-.
10,775
+ 30-..-
!•;
P.
+784,038
10,977,932
7.455,483
7.- 11.7K)
7,992.642
12.770,603
ear
I
FA
LA W
1,1
I
1
j
7,4 •(..--.-
Year
I
Wn
Current Year PreviousY'ai
Previous
Year
I'revious
1
i
oi'
l.atsst Hate.
<<;
I
S
See s'outhe rn Rr. Sj stem bell W.
833,701
861,825 2.507,785 2,555.553
sept
2d wk Oct. 254.103 220,39s 3,540.353 3,139.828
70, "0
05.877
20,210
26.918
lept
8.131
4.069
2.323
4,401
August
23,387,790
8,106,297 7.250,540
21.015,428
Sept
7..
702.5
1,191.477
1,349,376
782.954
August
391,771
12.51
245.698 211,510
\ugu»t...
2.394,003 1, '.150.210 4.521,750 3,761.934
August
919,230 1,772,451 1.757.551
919, 136
August
5,837,842 1,090,779 15,402,859 13,139,340
Sept
19. 5.(7
20.809
88,38
37,688
Vugust
654,23
814.740 1.251.01O 1.215,505
Vu^ust
11907490 1029989O 22,799.193 19,7-0,993
AllgU9t
Inr. 1..VJ 2, too
Inc. - 51.400
August...
2.486.905 2,117,505
1,252,827 1,249,12
August
831.no
1,517,90)
769,511
1,489,058
AUgOSt....
An trust... 2,361,778 2,084.480 4,508,389 3,992,940
4,049.178 3,890,1821 South By Systeo..
471.732
493.842
Southern By. .. 2d wk Oot
2,ll9.0o0 1,770., 7s
.Mobile A Ohio 2d wk Oot
38,070
31,884
CinNOATex I st wk i)oi
56,490
61,173
Ala Great Sou 1st wk Oct
11.910
34,379
Ga South & Fla Seps
81.091
38,088 Texas Centra! ... 1st wk Oot
5,7oO,4-s 4.962.615! Texas A Pacific. 2d wk Oot
177.00170.780! Tex S V A N W . August...
1,335.309 1.392.947 Tidewater A
August
939,710
809,004; Tol & Ohio Cent August....
8,306,050 8,034,3251 Tol
West .... 2d wk Oct.
5,590 Tol St
3,61o
2d wk Oot.
Western,
Tor Ham A Butt Sept
164.115
143.755] Un Fac System .. August
383,046' Virginia & So W'n Sept
500,049
36o,2z2 Wabasli
418,331
2d wk Oct.
West'n Maryland July
11.358,795 10.779,4881 W Jersey A Sea> August...
1,397,392 1,154,405 Wheel A LF
2d wk Oot.
420,57o Wichita Valley.. July
419.811
12,184,882 10,015.822 Wm'sportAN.Br August
638,467
562,578 Wisconsin Cent.. August
12,823,349 11.208,400 Ariuhtsv A T'n.. August
491,443
499,693 Yazoo A Miss. V sevt
1,0-0,783 1,104,950.
11,072,129 12,360.098 VABIOUS FISCAL YEARS
91,355
74,430
1,793.053 1,615,814!
1,889.522 1,795,67 1 Allegheny Valley
1,710,309 1,014.919 Atlanta & Charl Air Line
741,492 Atlantic & Birmingham
809,409
309,609 Belleioute Central
365,489
995,971 CI C. 0. A Bt. Louts
1,005,996
Feorla A Eastern
4,923,617 5.096,2111
5,484,290 4,966,863 International & Gt North'n
78,279 Interoceanio of Mexico
90,863
Lake Erie & Western
Inc.
104,717
126.000 Manistee & North Eastern
150,486
11,7'.. 0.822 11,059,372] Manistique
32,036 Maryland A Pennsylvania..
35.834
34,332. J Mexican International .. ..
30,763
37.695
26,759 jMexicau Railway
61,074
55.615 {Mexican Southern
4,443.923 4,066,708 Missouri Pacitic
1.737,510 1.853,9 13
Central Branch
Total
1,547.000 1,433.200
277,628 {National BR of Mexico
299.784
224,257
195,207 New York Central
1,152,375
913.099 Northern Central
3,158,272 2.421.083 tTVnusy., East of
E
6,05o, 22 5,75 ,703
eWcstof PA E
7:,:t.
590
12.
Phila Baltimore & Wash
12,218,224
533,700 Philadelphia A Erie
647,548
I2,b0.j,77_ 13,267,850 Pitta Ciu Chic & St Louis
Rio Grande Junction
132.148 Texas
163,938
•
3d
Current
Year
I.
I il
3 6i~
5,0r>l
15.144
11,665
Sept
August.... 3,492.781 2,954,758 6,591.059 5,010,195
August... 2,279.301 ,2-1.211 4,124.35- 4,619,150
7 10.235,345
AUgUSt... 5,772,142 0,235,969 10,715,
260.490
116,234 110.940
238,929
August
.-9.188
46,250
109,532
60,613
August ..
9.481
161,350
131.703
11,338
2d wk Oot.
Rock lsi'd Sys. August... 4,481,592 3.890,814 8.852.97?- 6,930,812
2,494.304 2,414.451
RutlHnd RR ... June
278,375
144,527 135,052
226.S47
August....
St Jos AGr I
3,552,474
3,412,434
6,709,318
6,195,937
St L A San Fran g August
l»7,952
2.475,400
ltf2.680
2,513,034
St L Southwest .. :d wk Oct.
971.245
1,120,865 971,245 1,120,-05
Seaboard Air L.. July
119.91
116,881
348.435
346,644
Southern lud
Sept
8,591,941 7,779,370 16,781,11s 14,909,935
So PacillcCoft.. August
We«t Jersey
VKKKi.', -I.MMAKIKS
Week
Month
Aaritiii.y.v
-
2.466.550
1.8*0,284
8,423,092
10.289,603
1,948.115
498.207
AOOUEGATEa
Vfwu
Latent
Lateit Ihitc-
t»
I
Current
tear
Year
By. Sy stem
..
Inly
Previou.-
203.050
86,433
62.878
Vloksb sh A P. Sei'l
Allegheny Valley August
Atoll
hannnos
Current
Year
Week
t>r
"mu
•
j
t-tat.ous,
i.
(/
luomdes tue cuioago
a.-
THE CHRONICLE.
12*1
—
Latest Gross Earnings by Weeks.
In the table which
we sum up separately the earnings for the second
week of October. The table covers 35 roads and shows 5.15
per cent increase in the aggregate over the same week
follows
last year.
2nd week
Buff Roch
&
o\ October.
1905.
1904.
Canadian Northern
Canadian Pacific
Central of Georgia
Chattanooga Southern
Chicago Great Western
Chic Indianap & Louisville
Chicago Terminal Transfer _.
Colorado & Southern
Denver & Rio Grande
Duluth So Shore & Atlantic.
Grand Trunk of Canada
Grand Trunk Western
Detroit Grand Hav & MilvvJ
International & Gt Northern.
$
13,487
33,600
$
$
Pitts
Increase. Decrease.
182,029
122,300
1,305,000
253,200
2,964
186,456
127,638
35,253
146,648
401,200
59,240
168,542
88,700
1,031.000
252,600
2,480
166,628
113,559
31,666
127,249
358,700
49,878
274,000
600
484
19,828
14,079
3,587
19,399
42,500
9.362
793,853
736.514
57,339
156,000
114,796
61,724
796,960
122,340
15,468
88,716
271,098
460,877
803,000
38,000
150,334
254,103
11,338
187,952
1,077,855
220,162
28,790
78,615
480,048
123,520
147,300
122,162
58,292
797,580
144,433
12,737
73,210
205,083
481,983
893,000
33,000
144,724
220,398
9,486
192,680
997,437
269,609
24,885
77,797
584,831
90,870
8.700
9,158,077
8,709,013
1
}
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
Mexican International
Mineral Range
Minn & St Louis
Minn
StP&SSM
Missouri Kansas & Texas
Mo Pac & Iron Mountain
Central Branch
Mobile & Ohio
National RR of Mexico
Rio Grande Southern
St Louis Southwestern
Southern Railway
Texas & Pacific
Toledo Peoria <fe Western
Toledo St Louis & Western
Wabash
Wheeling
& Lake Erie
Total (35 roads)
Net increase (5.15 p.
c.)
""620
22,093
2,731
15,500
66.615
21.106
90,000
5,000
5,610
33,705
1,852
4,728
80.418
49",447
3.905
818
104", 783
32,650
749,207
449,064
300,143
For the first week of October our final statement
covers 39 roads and shows 3.45 per cent increase In the
aggregate over the same week last year.
1st
week of October.
1905.
1904.
$
Previously reported (32 roads)
Alabama Great Southern
Chattanooga Southern
Chic Indianap & Louisville
Cinn New Orl & Tex Pacific.
Gulf & Ship Island
_
Texas Central
Toledo St Louis & Western
Total (39 roads)
Net increase (3.45
Increase. Decrease
$
8,478,095 8,190.523
61,249
58,363
2.39G
1,874
123,148
118,025
151,466
140,147
$
$
507.130
2,886
522
5,123
11,319
J/41.509
20,238
73,426
19,877
73,233
361
193
8.941,774!
8,643,551
527,534
298,223
p. c.)
219.558
9,753
2/31,756
-Oioss Earn'gsNet Earnings
Current
Previous
Current
Previous
Year.
Year.
Year.
Year.
Roadt.
9
S
t
$
Cent of Georgia. a
Aug 827,820
725,992
185,066
170.200
July 1 to Aug 31
1,705,780 1,471,643
447,126
361.687
Central of New Jer.b..Aug 2,248,388
1,979,575
1,197,913
960.814
July 1 to Aug 31
4,320,144 3,901.230 2,233,542 1,890,386
Chattan Southern. a.. Aug
11,494
13,431
786
5,166
July 1 to Aug 31. ..
21,515
27,536
580
11,349
Ches & Ohio.b
.Aug 1,967,281 1,819,781
804,522
744,155
July 1 to Aug 31... 3,742,894 3,491,284
1.480,053
1,359,540
Chicago & Alton.a...Aug 1.056,300 1,193,064
347,707
484.367
July 1 to Aug 31... 1,986,937 2,140,204
632,681
770,047
Chic Gt Western. b.. Aug
714,364
625,195
227,766
188.108
July 1 to Aug 31... 1,346,933
409,431
1,153,909
305,511
Chic Ind & Louis. a. Aug
560,011
510,816
227,775
213,936
July 1 to Aug 31... 1,058,192
969,166
399,062
380.008
Chic M & St Paul. a.. Aug 4,467,405 4,205,054
1.451.574
1,445,003
July 1 to Aug 31
8,423,092 8,207.274 2,824.506 2,889.817
Chic Term Trans. b_. Aug 143,829
133,112
55,492
43,837
July 1 to Aug 31
284,282
266,995
114,048
88,733
Cin New Orl & Tex Pac See under Southern Ry System below.
Aug 2,158,266 2,126,098
713,535
718,617
Jan 1 to Aug 31... 14, 280. 201 13,890,003 3,469.226 3,475,089
Peoria & Eastern, b. Aug
257,840
260,127
84,119
78,240
Jan 1 to Aug 31... 1,778,636 2,017,519
399,116
483,500
Colorado & South. b._ Aug
596,492
490,749
2176,815
Z148.309
July 1 to Aug 31... 1,170,544
974.129
z329.150
Z299.652
Col Newb & Lau.b..Aug
19,449
15,973
4,265
4,063
July 1 to Aug 31...
38,670
31,884
8,224
9,905
Copper Range.a
July
61,173
56.490
28,512
30.981
Cornwall. a
Aug
15,916
5,875
8,463
2,571
July 1 to Aug 31...
34.379
11.910
18,376
5,159
Cornwall & Leban.b.Aug
41,432
20,688
25,771
8.301
July 1 to Aug 31...
81,091
38,088
50,148
13.906
Denver & Rio Gr.b..Aug 1,690,261 1,424,977
713,069
575.691
July 1 to Aug 31... 3,195,688 2.746,615 1,269,212 1.119,916
Detroit & Mack. a.. Aug
90,206
90,343
28,453
35,261
July 1 to Aug 31
177.608
170.780
44,750
56,732
Dul So Sh & Atl.b.-Aug
285.221
237,229
103,965
91,407
July 1 to Aug 31...
554,719
474,137
206,776
178,624
Erie. a
...Aug 4,406,759 4,103,880 1,460,542 1,415,045
July 1 to Aug 31
8.366.059 8,034,325 2,645,649 2,802,888
Fairchild &NorE.b..Aug
def 891
1,774
2,866
def 61
July 1 to Aug 31...
def 397
138
3,616
5,590
Fonda Johnst &Gl.b. Aug
46,758
82,061
72,180
41,469
July 1 to Aug 31...
164,115
143,755
93,175
81.701
Ft
& Denv City. b._ Aug 271,615
191,373
96,496
57.363
July 1 to Aug 31...
506,049
383,046
159,279
115,943
Georgia RR.a
Aug 211,384
46,138
193,666
53,440
July 1 to Aug 31...
418,334
368,222
110,191
86.212
Georgia So & Florida See under Southern Ry System below.
Grand Trunk Ry(Can)Aug 2,656,135 2,580,705
860,397
856,504
July lto Aug 31... 5,185.741 5,099,119
1,660,449
1,652.177
Grand Trunk West. Aug
490,056
367,421
97.330
4,380
July 1 to Aug 31...
885,215
731,922
124.582
6,813
Det G H & Mil
Aug 154,268
159,621
59.858
59.371
July 1 to Aug 31. -.
292,963
289,556
102.196
96,843
Gulf & Ship Island. a. Aug
145,658
159,080
44,387
31,141
July 1 to Aug 31. ..
300,862
319.508
91.538
76,951
Hocking Valley. a
Aug 575,791
609,473
231.454
270,630
July 1 to Aug 31
1,080,783
1,164,950
404,930
500.293
Illinois Central.a
Aug 4,015,835 4,214,208 1,181.048 1,430,429
July 1 to Aug 31... 7,764,834 8,019.392 2,088,165 2,514.255
vlnteroceanic of Mex.Aug
453,708
128.209
82.217
512,505
Jan 1 to Aug 31... 4,255,308 4,185.047
932,776
984,693
—
CCC&StL.b
7,366
"3~,432
[Vol. lxxxi.
229.311
y Decrease due to yellow-fever quarantines.
—
W
—
Net Earnings Monthly to Latest Dates. The following
Central.a
Aug
shows the gross and net earnings to latest dates of all STEAM IowaJuly
1 to Aug 31
railroads furnishing monthly statements.
The compilation Kanawha & Mich. a.. Aug
July 1 to Aug 31. ..
includes every road from which we can get a return of this
Kan City Southern. a.Aug
character, and in that form is given once a month.
Early
July 1 to Aug 31
returns are published from week to week, as soon as issued, Lehigh Val RR.b...Aug
July 1 to Aug 31
but for the convenience of our readers all the roads making
Lexington & East. b. Aug
returns are brought together here in the week in which we
July 1 to Aug 31.-Island.b
.Aug
Long
pnblish our monthly article on net earnings say about the
July 1 to Aug 31...
20th of the month.
Aug
Louisiana & Ark.a
—
-Gross Earn'gsPrevious
Current
Year.
Year.
Net Earnings
Current
Previous
Year.
Year.
Roads.
$
$
$
$
Ala Gt Southern. See under Southern Ry System below.
Allegheny Valley
Aug
Inc 147,693
Inc 134,613
Jan 1 to Aug 31...
Inc 673,557
Inc 636,235
Atch Top & S Fe.b_.Aug 5,967.032 5,444,334 z2,071,574 xl, 913,850
July 1 to Aug 31
11,651.945 10,187,170 z4,003,720 .r3, 270, 739
Atlanta & Charlotte. aJuly
346,486
317,285
79,261
76,787
Mar 1 to July 31... 1,590,715 1,466,799
354,583
391,174
Atlantic & Birming.aAug
91,759
78,815
32,212
25.985
July 1 to Aug 31...
156.191
181,060
62,446
49,002
Atlantic Coast Line.a.Aug 1,612,763
1,453,996
318,540
314,101
July 1 to Aug 31... 3,302,676 2,929,083
806,149
720,538
15,612
13,918
Bait & Annap St L.a.Aug
5,490
4,493
July 1 to Aug 31. ..
30,895
27,521
10,849
8.634
Sept 6,547,806 6,048,760 2,555,353 2,518,461
Bait & Ohio. b
July 1 to Sept 30. -.18,714,723 17,193,654 7,002,351 6,751,586
181,432
176,010
Bangor & Aroost'kb.Aug
72,894
67,821
349.224
329,828
July 1 to Aug 31...
126.920
117,011
5,413
4,770
Bellefonte Cent.b ...Sept
1,657
1,981
44,376
40,137
Jan 1 to Sept 30. .
12,588
10,151
6,986
4,818
Bridgeton&SacoRiv b Aug
4,283
1,945
12,299
9,215
6.517
July 1 to Aug 31...
3,649
735,216
806.567
377.558
Buff Roch & Pitts. b.. Aug
308,203
1,573,054 1.384,411
718,570
July 1 to Aug 31
565,137
Aug 132,680
96,241
51,773
Buffalo & Susq.a
37,389
243,253
176,557
84,166
July 1 to Aug 31. ..
68,667
169.0S9
84,616
181,619
California Northw.a-.Aug
46.491
497,550
171,662
544,824
July 1 to Aug 31
114,084
302,700
111,700
357,900
99,500
Canadian Northern. .Aug
254,200
606,600
753,000
190,600
July 1 to Aug 31...
-Canadian Pacific. a. ..Aug 4,796,734 4,474,238 1,791,646 1,527,931
July 1 to Aug 31... 9,425,909 8,873,072 3,429.424 2,977,583
•
A23 1,638
A446.759
ft208,337
vNat RR of Mexico_-Aug 1,078,390
Jan 1 to Aug 31... 8,170,941
946,057
7,720,562
381,487
2,697,236
309,215
2,447,275
23,724
44,024
4,401
8,134
23,164
38.959
2,323
4,069
11,769
22,503
2,663
4,567
11,654
17,157
def. 148
782,954
1,491.477
702,570
1,349,376
283,362
513,705
289,141
534,196
40,991
25,608
88,123
52,223
A401.723
164,791
60,374
36,258
196,061
51,444
365,489
309.609
98,802
520.672
74.863
124,952
496,290
159.842
206,166
1,005,996
995,971
2,836,037 2.410.317 ol.218.186 ol.000.865
5,484,296 4,966,863 02,309,803 o2, 082.423
11.010
47,473
39,890
14,699
22,805
31,648
90,863
78,279
Inc38,589
Dec33 040
Dec4 716
Incl04,717
74,790
67,603
31,826
25,521
126,000
61,320
45,772
July 1 to Aug 31...
150,486
894,115 1,073,608
Louisville & Nash. b. Aug 3,402,605
3,222,369
1,811,490 1,983,598
July 1 to Aug 31... 6,710.587 6,143.607
12,309
34,332
15,343
Manis & Northeast.. ». July
30,763
254.758
104,863
97.356
Jan 1 to July 31-..
267,872
..Aug
defl41
9,628
4,950
Manistique.b
13,017
54,827
19,093
7,212
Jan 1 to Aug 31...
66,990
Aug
30,780
14,059
11,379
Maryland & Penna
35,199
56,420
43.075
March 1 to Aug 31
172,764
155,677
614,974
Aug 2,294,684 2,089,895
738,876
^Mexican Central
1,130,596
1,351,431
July 1 to Aug 31
4,443,923 4,066,708
Aug 511,636
213,256
550,471
197,168
^Mexican Internat
4,262,768 4,682,881
1,631,819
1,951,833
Jan 1 to Aug 31
Aug
9,156
19.969
69,027
58,280
Mineral Range, b
21,091
31.781
127,402
113,230
July 1 to Aug 31...
148,755
102,030
£253,845
Minn & St Louis. a. Aug. £326,084
188,912
£623.244
265,377
£500,660
July 1 to Aug 31
265,272
M.b.Aug 916,308
503.096
609,578
Minn St P
569,440
849,014
1,693,742
1.251,057
July 1 to Aug 31
Aug 1,722,633 1,530,822
432,975
448,525
Mo Kas & Tex. a
752 062
765,587
July 1 to Aug 31... 3,349,364 2,919,219
875.315
July 3,662,091 3,344.665 1,225,288
Mo Pacific Syst.b
Jan 1 to July 31. -.23.492, 478 23,703,284 5,738,999 5.641,211
Mobile & Ohio See under Southern Ry System below.
203,532
266.549
872.772
888,761
Nash Chat & St L.b.Aug
405,767
1,693,728
509,935
July 1 to Aug 31.. . 1,674,021
&SS
—
Ore. a... Aug
Aug 31...
Nevada Central. b_._ Aug
July 1 to Aug 31
Nev
Cal
July
&
1
N YOnt &
July
1
to
West.a.-.Aug
to
Aug
31
610
—
— ——
.
THE CHRONICLE.
Oct. 21 1905.1
Gross Earn'gs
Net Earninos
Previous
Current
1'rrvious
Current
Year.
Year.
Year.
Year.
$
$
$
*
Roads.
83.S64
211,510
844.698
N x* SUM A West. a.. Aug
442.514
135.102
301.771
118.858
July 1 to Aug 31
931.663
1.956.210
840.662
Norfolk A Western, b. Aug 2.394,003
4.521.750 3.761,984
1,712.066
1,640
July 1 to Aug 31
919,436
919,286
828.876
802,876
Northern Central. b_. Aug
Jan 1 to Aug 31... 6. 70S, 545 6,030,145 1.157.892 1,498,492
19,547
9.032
20,869
4,341
Ohio River A Western Aug
3^.;>M
37.08S
1S.867
8.3S1
July 1 to Aug 31...
See under miscellaneous companies.
1'arific Coast Company
Pennsylvania
Lines directly operated
4,490,002 4,113.002
SI of P A K._Aiigll,9R7.490 10.299,890
gJnn 1 to Aug 81— .86,183,809 70.470,009 23.992,550 22.371.556
West Ol P A B..Aug
Inc53,000
IncS51.400
lnc71S.000
to Aug 31...
Inc4.S03.300
Jan
443,220
1,249,127
394.526
1 Ball A Wash. b. Aug 1.252.827
to Aug 31... 9.556.S16
Jan
8.990,216 2.270,120 2. 288,820
343,508
709,511
351,503
Phils A Krie.b
Aug 831.140
to Aug 31... 5,103,011
1.090.500
Jan
4.959.720 1.410,951
724.821
737,517
Aug 2,361,778 2,084,480
Pitts C C A St L.a
Jan 1 to Aug 31. ..17. 047, 314 15,011,100 3.S99.298 3,791.010
5.051
1,465
3,637
Raleigh A Southp.a.Sept
1,464
3.903
July 1 to .Sept 30.. .
15,144
11,565
5,115
—
1
1
I2;*5
improvements were $111,076 in August 1905. against $117,601 In 1904,
and from July 1 to August 31 were $143,046 in 1905. against $230,967
1904.
Includes $404 "other Income" for August this year, against $380 last
year and from July 1 to August 31. $790 this year, against 1764 last year.
r These figures are in Mexican currency, and arc convertible into gold
at the current rate of exchange.
x l'or August 1905 taxes and rentals amounted to $185,102 agains
$190, 403. after deducting which net for August 1905 was $1,886,472,
From July 1 to August 31 1905 net alter deducting
against $1,723,380.
taxes and rentals is $3,033,129 this year, against $2,884,169 last year.
Julv additional income and net profits -from coal, etc., were
1/ For
$30,914 this year, against $25,005 lost year.
In
*
zNet,
after deducting taxes, is $157,938 and 8128,432 for 1905 and
respectively for August and $290,723 and $259,898 for period
from July 1 to August 31.
1904
—
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.
—
Reading Company
Phila A Read RR.b Aug 3,492,781
2.954.75S
July 1 to Aug 31... 6.591.059 5,616,195
Coal A Iron Co. b. .Aug 2.279,301
2,281.211
July 1 to Aug 31... 4.124,358 4.619,150
Total both Cos. b. .Aug 5,772.142 5.235.969
July 1 to Aug 31. ..10. 715,417 10.235,345
Aug
Reading Co.b
July 1 to Aug 31
Total all Cos.b
Aug
July 1 to Aug 81...
Rich Fred A Pot
Aug
July 1 to Aug 31...
Rio Grande Junction .Aug
Dec 1 to Aug 31...
Rio Grande Sou. b.. Aug
July
Rock
1
Aug 31...
to
Svs.a..Aug
Island
116.234
200.490
60,613
420.568
49,741
95.636
4.4S1.592
8,352.978
144,527
278,375
Aug 31...
St Jo A Gr Island. b.. Aug
to Aug 31...
July
St L A San Fr (including
Chic A E im.a
Aug 3,552,474
July to 1 Aug 31— 6.709,318
St Louis Southwest, b Aug
718,877
July 1 to Aug 31... 1.3S9.058
July
1
to
1
Seaboard Air Line. a.. July 1,120.865
Southern Indiana, b. .Aug
124,205
July 1 to Aug 31...
231,554
Southern Pac Svs.a..Aug 8,591,941
July
1
to
Aug
31. -.16. 781, 118
Southern Rv Svstem
Southern Ry.a
Aug 4,258,535
Aug 31-. 8,281,489
lie
* Ohio. a. .Aug 699,302
July 1 to Aug 31... 1,402,737
Cin N O A T Pac. a. Aug
665,407
July 1 to Aug 31... 1,278,793
Ala Gt Southern. a. Aug
294,001
to Aug 31—
1
5S5.780
Ga So A Fla.a
Aug 146,201
July 1 to Aug 31...
294,471
Texas Central. a
Aug
73,823
July 1 to Aug 31—
136,590
Tidewater A Western. Aug
7,524
July
to Aug 31..13.695
Toledo A Ohio Cent. a Aug
411,479
July 1 to Aug 31...
738,001
Toledo Peoria A W.b. Sept
119,125
July
1
to
1
July
to Sept 30...
336.246
Union Pac System. a.. Aug 5,758,736
July 1 to Aug 31. ..11.214,448
Va A Sou th west. b... Aug
82,446
July 1 to Aug 31-..
156,452
Wabash _b
Aug 2,251,702
July 1 to Aug 31.-. 4.252,782
•tern Maryland. a. July
380,202
West Jersey A Sea. b. Aug
773,950
Jan 1 to Aug
3.261,683
Wheeling A Lake EriebAug 488,382
July 1 to Aug 31...
891,498
1
31—
lita
Valley fineluding
July
to July 31...
1
WFAORy).a
12,170
47,913
•iort A Nor Bch.aAug
20,484
July 1 to Aug
38.283
Wisconsin Central. b__ Aug
641,003
July 1 to Aug 31... 1,232,398
Wrighfsv A Tenn.b.Aug *15,018
July 1 to Aug 31
«28,789
Yazoo A Hiss Yal.a.-Aug
456,437
July 1 to Aug
985,073
Jan
31—
31—
110.940
238.929
46,256
397,074
35.535
71.023
3,896,814
6,930.812
135,052
226,847
1.462,522
2,751,302
88.337
98.484
1,550.859
2,849,786
118.242
240.081
1,669,101
3,089.867
31,357
84.817
nl8,184
nl26,169
30.259
47.597
1,297.967
2,386,144
71.451
232.717
1,309, 41S
2,618,861
115.355
234.198
1,484,773
2,853,059
27.420
75,292
nl3,877
nll9,121
1,462,091
2.366.117
55,103
104,166
14,058
2S.668
1,399,516
2.163,593
42,342
60,430
3,412,434
6,195.937
714,139
1,356.120
971,245
121,875
220,727
7.779.376
14,909,935
1,261,797
2,205.455
175.879
338.164
308,198
53,858
96,918
2,870.286
5,462,581
1,369,187
2,231.906
241.S02
428.043
225,794
55,869
99,849
2,483,883
4,485,141
4,041,552
7,757,669
671,828
1,270,192
626.126
1,183,567
274,820
511,259
134,752
266,644
61,989
101,992
8,702
16,689
387,995
753,305
121,536
341,119
4,812,090
9,477,692
50,832
97,523
2.480,785
4,562,935
315.483
691,450
3,077,083
397,136
746,680
1,290,547
2,237.675
190,897
404,936
158.853
311,178
57,672
104,290
31.501
73.274
30.896
55,687
1,635
3,044
152,921
237.670
35,764
90,306
2,677,191
5,351,081
32.921
61,998
796,742
1,423,720
1,225,784
2.142,828
216.074
350,783
151,841
291.310
55,993
83.000
27,472
61,194
13,824
16,549
1,500
2.910
144,489
273,997
32,373
76.528
2,209,713
4,432.096
25.790
39,705
705.795
1,198,299
?118,717
365.661
886.955
91,814
1/119,084
418,361
1,038,155
131,928
4,110
9,330
25,987
28,815
18,832
9 402
36,311
18,010
002,094
257,609
1,180,863
484,181
«12,530
4,291
*24,057
9,546
581,546 defl09,528
1,102,390 defl49,587
1,668
7.011
5 080
10,549
Roads.
AtlanticA BirminghamAug
July 1 to Aug 31...
Bangor A Aroostook. Aug
July 1 to Aug
Bellefonte Central
Sept
Jan 1 to Sept 30
Bridgrton ASacoRiv.Aug
July 1 to Aug 31..
Buffalo A Susq
Aug
July 1 to Aug 31...
Cal Northwest
July
31—
$
16.413
32.798
48,332
97,270
$
14,566
29,132
46,757
93,301
330
360
81—
31—
31—
RR
N Y
A West
Aug
ft68,425
ft57,772
July 1 to Aug 31
Norfolk A Western... Aug
July 1 to Aug 31
A135.688
336,206
672,413
A115.450
293,230
686,460
868,500
1,737,000
8,333
74,999
17,733
36,043
21,354
42,707
255,032
2,583
5,166
37,569
75,664
22,859
68,374
1,768,031
8,333
72,499
17,833
36,244
22.745
45,000
247,571
2,583
5,166
36,525
75,075
23,007
09,067
Ont
Reading
All companies
Aug
Aug 31...
Rio Grande Junction.. Aug
Dec 1 to Aug 31...
Rio Grande Southern. Aug
July 1 to Aug 31--.
St Joseph A Gr Island Aug
July 1 to Aug 31...
July
1
to
Seaboard Air Line
TexasCentral
July
Aug
Aug 31...
Toledo A Ohio Cent.. Aug
July 1 to Aug 31—
July
1
to
Toledo Peoria
2,363
6,010
103
136.210
Wichita Valley (including
July
Jan 1 to July 31...
idditional income is $4,440 this vear, against $7,826 last
* F<>
year.
From July 1 to August 31 additional income is $8,112 tills year.
against $13,150 last year.
k For August additional income is $12,363 this year, against $10,750
last year.
From July 1 to August 31 additional income is $26,400
year, against $20,532 last year.
n These figures represent 30 per cent of gross earnings.
o Including other Income, total income (exclusive of results of coal
companies) for August is $1,277,788 in 1905, against $1,093,954 In 1904,
and for period from July 1 to August 31 is 82,440,129 in 1905, agi
$2,228,649 in 1904. Deductions from total income for addition
etc.
Previous
Year.
2,970
3,240
543
543
1.086
1,086
23,409
15,675
46.526
31,360
27,887
27,047
Central of New Jersey. Aug 6695,372
6597,557
July 1 to Aug 31
61,298,042 61,150,923
Chic Gt Western
Aug C171.409 C172.909
July 1 to Aug
C342.698
C342.752
Cleve Cinn Clue A St LAug
345,354
323,638
Jan 1 to Aug
2,675,471
2,637,402
Peoria A Eastern. .Aug
44,600
44,755
Jan 1 to Aug
357,573
354,868
Copper Range
July
8,437
8.437
Cornwall
Aug
794
241
July 1 to Aug 31...
1,743
386
Cornwall A Lebanon. Aug
4,191
4,024
July 1 to Aug 31--.
8,367
8,004
Denver A Rio Grande Aug d344,017
d343,998
July 1 to Aug 31.-. d681,236
d689,822
Duluth So Sh A AtL.Aug
86,641
89,142
July 1 to Aug 31...
173.282
178.283
Georgia
Aug a51,415
a52,105
July, 1 to Aug 31...
O102.831
al04,900
Gulf A Ship Island. ..Aug
25.645
24.323
July 1 to Aug 31...
61,340
44,469
Hocking Valley
Aug
67,824
70,672
July 1 to Aug 31
142,018
141,436
Kanawha A Mich
Aug
20,133
20,140
July 1 to Aug 31.-.
40,468
40,347
Louisiana A Ark
Aug
11,650
11,350
July 1 to Aug 31-..
23,300
22,700
Manistee A;Northeast.July
6,672
6,409
Jan 1 to July 31..46,704
44,863
Maryland A Penna.-.Aug
3,833
2,875
Mar 1 to Aug 31
23,000
17,250
Mineral Range
Aug
9,446
9,446
July 1 to Aug 31.-.
18.892
18,892
Mo Kansas A Texas. .Aug 362,800
350,014
July 1 to Aug 31..722,073
701,632
Nash Chatt A 8t L...Aug
149,778
150,502
July 1 to Aug 31...
299,556
301.004
Nevada Cal A Ore... Aug
2.142
2,163
July 1 to Aug 31...
4,284
4,325
243 907
475,592
a Net earning* here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
g These figures include results on the Buffalo A Allegheny Valley Division in both years.
Int., Rentals,
Current
Year.
1
July
1
A West
Sept
to Sept 30...
WFAORy)
1,922
13,457
2,882
5.032
148,347
Wmsport A Nor Bch.Aug
July 1 to Aug 81—
Wisconsin Central
Aug
July 1 to Aug 31...
299,796
883,994
1,922
13,457
2,783
5,538
146,333
294,711
—
Bal. of Net E'nqs.
Previous
Current
Year.
Year.
$
$
15.799
29,648
24.562
29.650
1,327
9.618
3.740
6,431
X38.315
X56.808
59,159
502,541
935,500
66,357
66.833
x 369.145
X849.060
X40.769
X44.218
22,544
7,669
16.633
21,580
41.781
11,419
19,870
22.064
23,710
1,621
6,911
1,402
2,563
X37.450
x68,709
40,546
363.257
739,463
15,199
def37.241
X396.002
X989.171
X34.885
X131.477
20.075
2,330
4,773
4,277
5,902
X234.226
X482.044
x3,052
X2.120
X390.973
X666.650
X18.056
X34.967
x3,309
def.5,967
xl0.827xdef.17.776
X7.513
x20,636
X44.258
X33.834
xl70,503
X212.949
X271.807
X384.061
X40.929
X16.680
X59.631
X12.471
X20.886
X16.772
X39.458
X28.376
5,637
8,934
58,159
52,493
10,226
8,504
33,420
25.825
xdef97
xl0,627
x2,603
X13.093
85,725
82,961
29,989
63.955
53.754
116,047
106.211
208.931
9,627
9,491
18,219
12,832
214,937
231,369
378,017
418,746
595,457
547,422
1,039.653
954,093
800.601
1,352,867
9,851
51,170
12,526
X14.743
33.749
61,459
600,779
X163.223
X213.578
9 366
1,085,028
5,544
46,622
xd^f3,770
xdef4,657
19,597
16,430
x59,692 xdefl3,751
28,313
11,241
50,521
12,383
xll5,760
X115.091
12,905
21,932
7,408
15.358
0.580
12,378
xll0,314
X189.036
7,461
def 254
def5,543
2,297
5,011
xl00,673
xl86,<
x After allowing for other income receivnd.
c Charges include interest on debenture stock.
a Charges here include road-rental (paid by lessee) and other deductions.
I) Included in the fixed charges
in this fiscal year are expenditures for
renewals, additions and improvements amounting to $210,94 for August
1905, against $112,269 in August 1904, and to ?.'!23,600 for period July 1
to August 31. against $163,261 the previous year.
h These are net charges after allowing for other income received.
d These figures are after allowing for other income and tor discount
and exchange. The sum of $10,000 is deducted every month from
surplus and placed to credit of Renewal Fj"d.
I
THE CHRONICLE.
1236
[Vol, lxxxi.
Miscellaneous Companies.
Gross Earn'gs
Previous
Current
Year.
Year.
8
$
Companies.
Oct
1
to
Aug
31
July
375,729
Jan 1 to July 31... 2,620,589
April 1 to July 31... 1,506,026
50,528
Cuyahoga Telep.a..Aug
373,665
Jan 1 to Aug 31...
Edison Elect Illuminating
10,314
Co (Brockton, Mass)Aug
87,223
Jan 1 to Aug 31...
31,054
Fall River Gas Works. Aug
57,091
July 1 to Aug 31...
A
15,831
277.409
135,788
1,002,873
548,100
21,701
162,553
120,286
918,217
502,202
15,794
121,415
8,165
72,321
26,453
52,154
2.376
21,407
13,937
22.877
2,606
31,665
327,189
2,273,853
1,305,211
37,458
,§,459
18.962
Electric Lt
(Hancock, Mich)... Aug
Jan 1 to Aug 31...
RivElecPowCo.Aug
inn 1 to Aug 31...
14.249
123.398
76,542
455,573
11,S74
104.631
59.887
332.952
6,019
59,458
42,178
188,574
4.129
41,803
35,868
159,795
18,286
36,595
17,279
34,418
6.204
11.697
73.696
590,064
20,134
41,845
155.595
301,196
19,153
149,489
6,811
13.705
Elect Light CorAug
poration (Mass)
July 1 to Aug 31.. .
Milwaukee Gas Lt Co Sept
Jan 1 to Sept 30.
Lowell
Electric
Aug
53,178
104,421
July 1 to Aug 31...
Aug 654,237
Pacific Coast. a
July 1 to Aug 31... 1,251.010
Minn Gen
43.519
86.541
614,740
1,215,505
61.750
537,657
18,121
39.723
128,686
256,524
Pocahontas Colleries.. Aug
Jan 1 to Aug 31...
a Net earnings here given are after deducting taxes.
Interest Charges and Surplus.
—
Int., Rentals,
Current
Year.
$
Companies.
Cumberland Telephone &
July
Telegraph Co
to July 31...
April 1 to July 31.. .
Jan
1
Cuyahoga Telephone. Aug
Jan 1 to Aug 31...
Edison Elect Illuminating
$
$
17,689
145,753
82,045
10,206
81,089
113,063
849,437
455,812
8,052
63,561
102,597
772,464
420,157
5,588
40,326
729
5,537
1,058
863
8,000
215
473
1,647
15.870
13,382
21,819
23.665
8,244
18,489
2,187
17,501
2,187
17.601
3,832
41.957
1,942
24,202
5,507
10,308
11,063
23,703
3,137
22,033
preferred dividend.
5,654
11,397
8,610
20,814
555
to Aug 31...
Co Electric Light
1
Houghton
$
—
Bal. o/ Net E'ngs.
Current
Previous
Year.
Year.
22,725
153,436
92,294
13,649
98,992
Co (Brockton, Mass)Aug
Jan 1 to Aug 31...
Fall River Gas Works.Aug
July
etc.
Previous
Year.
(Hancock, Mich)... Aug
Jan 1 to Aug 31...
Lowell Elect Light Cor-
Aug
poration (Mass)
July 1 to Aug 31...
Minneapolis Gen Elec. Aug
July 1 to Aug 31...
697
1.389
9,071
18,142
dl6,016
Pocahontas Colleries- .Aug
Jan 1 to Aug 31.-. dl27,456
d Charges include sinking fund and
1,157
2.308
9,511
18,909
1,743
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Name
of
Week
Road.
or
Month.
Jan.
1
to
latest date.
Current Previous
Year.
Year.
Current
Year.
41,498
143,362
63,770
25,476
63,324
8,520
435,971
14,765
51.970
64,788
66,078
54,028
33,228
127,902
46,786
22,418
55,866
6,630
320,857
178,042
c465,454
447.888
211,357
157,463
C415.070
340,177
192,520
67,288
3,030,224
60,240
2,173,393
44,132
53,712
58,887
51,342
435,137
411,861
600,643
2197,846
397,959
324,278
561,339
2194,602
10,296
52,966
29,554
22,052
97,724
12,967
118,024
43,809
22,763
10,415
46,289
25,845
90,209
400,703
159,623
77,747
353,072
149,032
8~5~513
4,023,567
515,359
980,630
355,010
C46.420
3,557,596
483,815
980,289
341,097
C41.996
Previous
Year.
$
Albany & Hudson.
American R'yc Co.
Aur Elgin & Chi Ry
Binghamton Ry . .
Boston & Worcest'r
BurUngt'n (Vt) Tr.
Cal Gas & Electric.
Central Market St.
Cent Penn Trac
July
September
September
September
August
September
July
July
September
September
Chi & Mil Elec
dChi & Oak Park.. September
Cin Northern Trac. August
Citizens'
Ry &
L'ht
(Muscatine, la),
Clev &SWTrCo__
Clev Painsv & E._
Col Lon & Spring.
Detroit United Ry.
September
September
August
July
2d wk Oct
Duluth Street Ry. 2d wk Oct
East St L &Sub... September
Elg. Aurora & So. . September
August
El Paso Electric
/.Ft
10,871
131,477
38,886
20,776
Wayne & Wab
Valley Traction. August
Galveston Elect Co August
Havana Elec Ry Co Wk Oct 15
Honolulu Rapid Tr
August
& Land Co
Houghton Co St Ry August
Houston Elec Co.. August
September
Illinois Trac Co
Indianap & EastRy August
Indianap & Northwestern Traction August
Internat Trac Co
System (Buffalo) August
Jackson Consol Tr. August
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
September
Lexington Ry
Madison Traction. September
Manila El Ry & L
2d wk Oct
Ry Dept
Met West Side Elev September
MilElec Ry& Lt Co September
Mil Lt H & Tr Co. . September
Montreal Street Ry August
Norfolk Ry & L... August ...
Nor Ohio Tr&Lt Co September
Northern Tex Trac August
94,835
25,734
2/40,105
25,823
20,771
45,810
128,268
24,469
614,846
544,307
2100,845
295,516
2/30,669 2/1, 543,915 2/1,329,623
84,528
25,605
26,388
18,810
24,687
99,040
22,237
211,668
£98,120
216,207
129,321
1,066,719
151,158
769,160
139,077
2,986,798
z52,475
208,728
3,107,578
509,467
,739,836
237,695
42,404
479,890
14,365
23,995
434,035
10,534
23,828
Week or
Month.
Road.
;
78,615
62,274
13,274
43,526
10,048
56,150
12,934
35,436
8,497
384,919
112,222
272.197
335,444
104,575
9,550
186,640
280,353
67,020
262,009
76,621
88,268
59,244
161,860
279,852
4S.615
236.245
72,518
80,785
48,626
1,654,451
2,375,267
464,224
1,805,711
482,082
716,513
421,698
1,537,007
2,364,792
348,460
1,639.427
443,635
669,714
359,840
Current
Year.
Previous
Year.
'
1
to latest date.
Janesville
September
St Joseph (Mo) Ry,
Ht&PowCo.J September
San Fran Oakl'd &
San Jose Ry
July
Lt
Previous
Year.
Current
Year.
•
$
938,163
707,714
78,522
72,354
S
$
111,460
119,810
15,946
12,157
Northwestern Eli
Sepl ember
Oakland Tr (.ons.. July
O range Co Trac
August
Peeks Ltg&RRCo. August
Pittsburgh M'Kees-;
port & Greensb'e July
PottSV Union Trac September
Rys Co Gen— R'ds August
Light fJo'B
August
Rochester Railway September
Rockford Beloit &
99, C10
104,270
15,87..
11,400
22.423
21,708
40,656
1,956
152.689
2,081
122,211
13,317
20,532
18,799
30,881
1,020,379
804,157
83,744
80,908
100,327
171,777
89,177
153,919
218,847
248,676'
16,237
1,307,397'
15,761
1,106,910
13,261
113,403
105,273
67,001
59,816
552,788'
499.573
43.015
33,430
300,018
221,936
Sao Paulo (Brazil/
Tram L & P Co. Wk Oct 1
36,341
43,201
6531,211
Savannah Elec Co. August
51,164
49,932
383,038
Schuylkill Ry Co.. September
18,134
0102,711
Scranton Railway. September
84,825
77,545
709,6621
Seattle Electric Co. August
224,936 192,368 1,646,856
South Side Kiev
September
135,864 112,680 1,214,756
Syracuse RT Ry__ August
79,932
71,328
616,486
Tampa Electric Co August
29,060
30,009
261,680
Terre Hte T & L Co August
58,049
54,426
400,912
TolBowlGr& So Tr August
28, 693
Toledo Rys & Light September
163,643 150,344 1,407,778
Toledo & Western. August
22,974
154,984
25,961
Toronto Railway.. Wk Oct 14
52,785
46,020 2,125,641
Twin City Rap Tr. 1st wk Oct
95,590
81,791 3,578,275
Un'dRysof St L.. September £728,508 1051,899 6,239,579
United of San Fran August
609.930 552,234 4,573,2861
Wash Alex & Mt V September
22,941
22,350
186,378
Youngst'n-Sharon. September
44,968
37,194
395,543
:
6463,425
355,040
647,911
1,512,370
1,124,437
560,916
231,509
368,494
1,289~944
142,469
1,880,581
3,289,959
7,316,899
4,294,350
182,572
340,099
a Totals are from April 17 1905. 6 Totals are from June 25 in both
years,
d These are results for
c Totals are from July 1 in both years,
main line, h These are the combined earnings of all the constituent
companies, k Decrease due to a strike and boycott, x Decrease due
to the fact that the Louisiana Purchase Exposition was open last year.
y Spanish silver, z Totals are from May 1 in both years.
—
Street Railway Net Earnings.
The following table gives
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.
Roads.
Aurora Elgin & Chic .Sept
Jan 1 to Sept 30
July 1 to Sept 30
Binghamton Ry . b. .Sept
Jan 1 to Sept 30
July 1 to Sept 30
Central Penn Tract. .Sept
Jan 1 to Sept 30
Chic & M Elect Ry..Sept
Jan 1 to Sept 30
Cleve & So West.. b. Sept
Jan 1 to Sept 30
Detroit United, a
Sept
Jan 1 to Sept 30
Elgin Aurora & So. b. Sept
July 1 to Sept 30
^/Illinois Traction. a_ .Sept
Jan 1 to Sept 30
Indianap & East
Aug
Jan 1 to Aug 31
Jackson Consolidated
Traction (Mich)
Aug
t
Aug
Lexington Ry.b
May
1
Jan
Mil El
1
to
31
Sept
to Sept 30
Ry &Lt_b
Sept
Jan 1 to Sept 30
Mil Lt Heat & Tr.b_.Sept
Jan 1 to Sept 30
Norfolk
Jan
Ry & Lt.b..Aug
1 "to Aug 31
Net Earnings
Previous
Gross Earn'gs
Current
Previous
Year.
Year.
$
S
63,770
46,786
447,888
340,177
209,973
158,857
25,476
22,418
211,357
192,520
87,854
78,917
44,132
51,970
435,137
397,959
64.788
53,712
411,861
324,278
52,966
46,289
400,703
353.072
490,241
421,937
3,825,647 3,387,225
43,809
38,886
140,793
127,259
128,268
99,040
1,066,719
769,160
24,469
22,237
151,158
139.077
32,142
203,242
112,299
12,238
104,654
48,138
14,812
81,848
42,014
239,020
23,980
165,240
222,378
1,556,215
20,186
70,287
59,998
465,151
11.437
59,230
14,365
52.475
43,526
272,197
280,353
2,375,267
67,020
464,224
76,621
482,082
6,128
23,640
22.062
110,113
158,066
1,218,626
43,471
269,930
31,364
190,074
10,534
37,695
35,436
279,852
2,364,792
48,615
348,460
72,518
443,635
Current
Year.
S
Year.
S
23,918
138,736
82,728
9.818
88,633
41.726
5,746
48,141
36,316
198,534
20,381
128,933
187,352
1,312,525
17,454
63,372
50,004
337,206
11,925
66,385
14,968
151,361
1,171,685
30,046
182,573
30,095
179,500
Ohio
Traction
Sept
88,268
80,785
43,410
39,432
Jan 1 to Sept 30
669,714
716,513
335,503
306,031
Rockford Beloit & JanesSept
13,317
ville .a
13,261
6,354
6,236
Jan 1 to Sept 30
113,403
105,273
48,017
40,848
163,643
150,344
80.562
Toledo Rvs &Lt-a.-Sept
70,936
1,407,778
1,289,944
688,133
Jan 1 to Sept 30
597,796
454,061
373,943
278,030
207.926
Twin City Rap Tr. b.Sept
3,482,685 3,20S,168
Jan 1 to Sept 30
1,904,538
1.69S.001
44,968
Youngs-Sharon Ry.a.Sept
37,194
22,906
12,704
395,543
Jan 1 to Sept 30
340,099
183,450
133,765
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
g These earnings include besides the railroad property the results of
the gas, electric light and steam heating properties.
Northern
&
Light. a
Interest Charges and Surplus.
188,375
432,672
95,190
Jan.
Latest Gross Earnings.
o\
-,„,
251,128
-.
Telegraph Co. a
Hii'l
„.
&
Cumberland Telephone
Houghton Co
*
20,184
302,368
Aug
Buffalo Gas Co
Name
Net Earnings
Previous
Current
Year.
Year.
—Int., Rentals,
Current
Year.
423", 706
Roads.
$
Sept
Detroit United
Jan 1 to Sept 30
Elgin Aurora & So. ..Sept
July 1 to Sept 30
Aug
Indianap & East
Jan 1 to Aug 31
Sept
Lexington Ry
Jan 1 to Sept 30
Mil Elect
Ry &
Lt
Sept
Jan 1 to Sept 30
Mil Lt Heat & Tract -.Sept
Jan 1 to Sept 30
92,974
829,181
9,333
27,839
4,167
34,335
5,919
53,237
80.13S
689,139
23,357
188,764
etc.
—
Previous
Year.
$
89,802
803,065
9,333
27,839
4,167
33,334
5,611
79,153
677,944
18,653
150.344
-Bal. of Net E'ngs.—
Current
Previous
Year.
Year.
S
5.132,680
5.759,909
10,853
42,448
7,270
24,895
16,143
56,876
S
X100.091
X539.677
8,121
35,533
7,758
33,051
9,357
5.79,664
5.543,011
Z505.039
,20,114
81.166
5.32,482
s.73,871
11,393
.
THE CHRONICLE.
Oct. 21 1905.]
—
Roads.
Norfolk
Kv A
Vug
Lt
Jim 1 to Aug 31
Northern Ohio Traction
ft
Sept
Light
Jan l to Bepl 30
Rockford Beloit A Janes-
Int.,
Jan 1 to Sept 30
Sept
Toledo Rya A Lt
Jan 1 to Sept 30
Twin aty Rap Trans.SepI
Jan 1 to Sept 30
Rentals,
Current
Year.
$
19,711
155,193
etc.
—
Previous
Year.
$
290
180,894
If.,
-Bat. of Net E'nqs.—
Current
Previous
Year.
Year.
$
I
y\ 1,648
y 13 ,282
1/58,393
If 55 ,762
88,106
207,302
22,666
203,688
20,244
128,201
16,766
102,878
2,582
28,644
48,686
2,697
3,771'
24,270
41,868
375,299
k91,841
AS17.131
24,473
37,926
305,913
174,822
1,007,530
3,539
16,678
29,068
222,497
16,085
880.870
..Sept
ville
7
..
1
382,190
1103,208
1897,008
1
j After allowing for other income received.
y After allowing for proportionate earnings of other companies owned
ami miscellaneous deductions.
k Charges include dividend on preferred stock.
ANNUAL REPORTS.
an index to
Annual Reports. — The following
is
Page.
839
AUis-Chalmers Co
724
Agricultural
Chemical
American
505
American Glue
S40
American Hide <Sc Leather
560
American Light «t Traction
S40, 898
American Locomotive
1 102
American Shipbuilding
S9S, 920
American Smelt. & Refining
840
Apnleton A Co. (balance sheet)
776
Associated Merchants
970, 985
Atchison Topeka * Santa Fe
1099
Birmingham..
&
Atlantic
1174
Atlantic Coas? Line RR
725
Bemis Bros Bag (balance sheet)
666
Bon Air Coal .t Iron
1040
Boston A Maine
Brunswick Dock & City Improv't... 612
611, 665, 673
Buffalo Roch. & Pitts
504
Calumet & Hecla Mining
..895. 902, 1170
Canadian Pacific.
724
Central Foundry
723, 919
Central of Georgia
Cent. Leather (statement to X. Y.
504
Stock Exchange)
1174
Central Pacific
971
Central RR. of New Jersey
1174
Central Vermont
896. 90S
Chesapeake <fc Ohio...
1168
Chicago <fc Alton
897, 905
Chicago Great Western
Chicago Indianapolis & Louisville. .1098
838. 849
Chic. Milw. & St. Paul
Chicago & North Western... 1038, 1047
mos.i..
Pneumatic
Tool
615
(6
Chicago
Chicaeo St. Paul Minn. & Omaha. .1038
897
Chicago Terminal Transfer..
1169
Colorado & Southern
Consolidated Cotton Duck (6 mos.). 670
Creamery Package Mfg. (balance
506
sheet Nov. 30)
1172
Crucible Steel
838,845
Denver * Rio Grande..
Detroit Mack. & Marq. Land Grant. 667
1098
Distillers' Securities Corp
1042
Duluth South Shore & Atlantic
1167,1186
ErieRR
Erie & West. Transp. (statement
724
May 10)
667
Fairbanks, N. K. (balance sheet)
1100
Fort Worth 4c Denver City
558
Globe- Wernicke Co. Goal, sheet)
1169
Great Northern
1177
Greene Consol. Copper
Gufley Petrol, (bal. sheet Jan. 1)... 506
506
Gulf Refining (bal. sheet Jan. 1)
1171
Gulf <fc Ship Island
897, 916
Hockine Valley
Illinois Central'
1095,1105
666
Intcrboroueh Ranid Transit
Kanawha <t Michigan
1171
Works..
973
La Belle Iron
all
annual
Page.
Lake Superior Corporation
.1172
Lehigh Valley
'...723,
782
I
Long Island
971
Louisiana & Arkansas
1039, 1050
Louisville Henderson & St. Louis.. 975
Louisville <fc Nashville..
1096, 1112
Lowell Machine Shop (balance sheet
Railroads. Etc.
March 31)
558
Lyons Beet Sugar Refining (balance
sheet March 1)
506
Maine Central.
897
Manhattan Ry
666
Massachusetts Gas Companies
1173
Mexican Central
1040
Mid vale Steel (bal. sheet Feb. 27)... 557
.
Minneapolis & St. Louis
1100
Minn. St. P. &S. Ste. Marie...1041
Missouri Kansas & Texas
1096
Nashville Chattanooga & St. Louis. 1096
National Enam. & Stamping
612
National Novelty Corporation
612
National Rice Milling (11 mos.)
606
New York Dock
1042
New York New Haven & Hartford. 1039
New York Ontario & Western
972
New York & Richmond Gas
667
New York Susq. & Western
1175
i
1
i
:
'
FISCAL RKSl
1
nings
—
1904-05.
Niagara Light Heat & Power
617
Niles-Bement-Pond (bal. sh. Dec. 3) 500
Norfolk & Western
896,912
Oceanic Steamship
506
117S
Pacific Coast
Page Woven Wire Fence
505
Pfister & Vogel Leather (bal. sheet). 558
Pittsburgh Coal Ohalf-year)
556
Reading Co
970.978, 1170
Saco & Petee Machine Shops (bal.
sheet Aug. 29)
665
St. Louis Southwestern
1097
Southern Ry
1168, 1179
Texas Central
1098
Toledo & Ohio Central
1097
Toledo Peoria & Western
669
Union Oil
557
United Petroleum
_ 557
United States Envelope
666
United States Glass
724
United States Telephone. Ohio
506
United States Steel Corp. (quarter
and half-year)
I
504
Virginia Coal & Coke
1052
Virginia & Southwestern
1045
Warren Bros. Co. (bal. sh. Dec. 31). 556
Welsbach Co
921
Western Stone ebal.sh. Dec. 31)
724
Wrstern Union Telegraph
1173
Westinghouse Air Brake
972
VY iscon«in Central
1176
Yazoo & Mississippi Valley .970, 989,1042
Street Railways —
New "Vork City Ry
...1171
as follow-
Equipment
Locomotives
r
1904-05.
915
749
1902-03.
902
722
1901-02.
796
683
721
32,258
3,503
32,057
3,317
30.961
3,221
5,315
5,262
5,112
5,019
35,135
—
913
3,3 ID
-''.rears
Fn-R'lit cars
Miscellaneous cars
Operations
oper
1903-04.
carried
5,142,891
5,119,539
4,917,814
4,192,814
mil'-. 488,522,472 483,650,266 473,754,272 406,704 017
do carried
Rate per pass. p. mile
2.23
2.21 cts.
2.15 cts.
2.18 Cts.
freight carried.. 13,036,789
12,791,717
11,080,101
13,283,477
do do 1 mile
4359664201
72000 3613104000
Rate p*-r ton p. mile.
0.S80 cts.
0.832 cts.
0.906 cts.
Pass, earns, p. m. of
roa'l (aver. mile)..
12, loo
$2,429
$2,375
$2,097
$
2,244,700
30,227,013
9,177.509
1,982,868
Total gross
50,722,886
Expenses
way..
of
Maintenance
7,346,82]
Maiut. of equipment.
5,053,586
Transportation
12,665,740
i,si3,oi2
General
46,524,674
46,142,105
41,387,380
6,645,953
7,117,335
3,887,807
11,384,780
0,7(57,757
1,721,606
l,754,C,i:i
1,642,171
8,404,995
10,139,817
976,846
10,596,
1
-1,1
I
12,371
i
17
Total expenses..
26,808.759
24,234,543
24,032.093
21,288,414
cl. of ex. to earns.
(52.8)
(52.1)
(52.1)
Net earnings
23,914,127
Taxes
1,601,000
Rentals, etc
180,469
Additions and imp'ts.
3,000,000
22,290,031
1,102,775
158,309
3,000,000
22,110,012
(51.4)
20,098, 960
1.149,890
120,743
4,761,469
Net oper. income 19,152,668
Miscel.
income, not
incl'g. land sales..
1,921,567
4,621,144
17,068,887
4,571,977
17,538,035
4,270,633
15,828,333
1,483,354
1,112,550
843,765
Balance for int.. 21,074,225
6,947,983
Div. on pref. stock ..
Div. on com. stock .. 10,850,000
do
percent..
(7)
19,152,241
6,922,930
Per
Total
17,797,983
3,276,241
Bal., surplus.
1,421,
1:1
1
150,543
3,000,000
3,000,000
16,672,098
6,624,866
(2)1,500,000
10,074,944
6,999.940
18,650,586
6,904,697
10,849,989
«3M)
(7)
17,772,919
1,379,322
1904
(5)
16,979,641
1,670,946
BALANCE SHEET JUNE
1905.
15,124.812
1,547,286
30.
1905.
—
1904.
Liabilities
$
$
Nor. Pac. estate284,336,157 2S3,54o. 092 Common stock. 155,000,000 155,000,000
Equipment
31, 370. 916
28,621, 547 Mortgage debt. .279,044, 100 278.725.100
Collat. with trus.
Bonds of other
Nor-PftolncGt
companies asN. joint buslOO, 112,910 109,104 910
sumed
13.443.349 13.477,386
Sinking fund ...
1.253,071
1,546 096 Pay rolls, maCash
17,738,325 14,718 327
terial, vouch2,709,' 102
Accts. receiv'le .
3,630,103
ers, etc
5,143,419
3.230.524
Bilis receivable .
30,229
33 504 Taxes accrued .
816,461
715.887
on
hand
Mater*!
2,948,91i'
3.358. 636 Int. on bonds ..
1,687.145
1,658.528
Treas. securitiesal2,9S4,279
12.847, 1071 Dividends
2,714,519
5.383.598
»ctt.& equ. fund
01 5,576
946, 314| Reserve funds .
4 713,775
2.326,529
Ls'd to Manitoba 7,00'0,000
7,000, 000 Insurance fund .
783,962
670,407
Coll with trustee
Liquldat'n fund
27,695
73,018
St. Paul Duluth
Profit and loss . 14,381,219
11.104,978
Div. bonds
1,597,924
1,819 110
Insurance fund .
785,962
670 407
Land departm't 4,952,679
5,444 737
.
;
Total
..47S.357.645 472,365.955
a These consist
of the following
Total
478.357,645 472.365,955
bonds and stocks:
Par
Northern Pac. gen. lienboDds
Paul-Duluth Division bonds
Northwestern Improvement Co. bonds
do
do
stock
Washington & Columbia River Ry. stock
Washington Central Ry. bonds
do
do
stocks
value.
Book value
$182 000
361*000
St.
7
$137,173
3bl,000
7,000,000
2.775,000
000000
2)775'000
.
Clearwater Short Line Ry. stock
_
Lake Superior Terminal & Transfer Ry. stock
St. Paul Union Depot Co. stock
V. 81. p. 1101 614.
.
.3 000 000
'315 000
l.OOO'.OOO
2 142 200
39' 800
291,375
221,279
2,142,200
56250
56.250
—
1
1
Great Northern Railway.
(Report for the Fiscal Year Ending June 30, 1905.)
The remarks of the President and Vice-President are given
on pages J1249 to 1256 of to-day's "Chronicle;" also
the revenue and income accounts, .the general balance sheet,
etc., etc.
The comparative earnings and expenses of the Great
Northern Railway, compiled in the usual complete form
for four years past, were given last week on page 1169.
Wisconsin Central Railway.
June 30 1905.)
The remarks of President H. F. Whitcomb are given in
on page 1263.
Below are comparative statements for four years:
OPERATIONS, EARNINGS, EXPENSES, ETC.
(Report for the Fiscal Year ending
1904-05.
OPERATIONS.
—
!H)l-02.
1
38,301,968
977
—
:
1902-03.
$
32,998,92]
1,105,753
2,419,000
Miles oper. June 30.
The report of President Howard Elliott will be found on
pages 1245 to 1248 of this issue, together with the income
account balance sheet and traffic statistics.
The comparative statements of operations, fiscal results
and balance sheet have been compiled for the "Chronicle"
is.
36,861,132
11,335,852
2,525,902
lit
Passenger
Mail, exp. & miscel.
Northern Pacific Railway.
(Report for Fiscal Year Ending June 30 1905.)
I.
1903 04.
t
Interest
reports of steam railroads, street railways and miscellaneous
companies which have been published since he last editions
of the "Railway and Industrial'' and "Street Railway"
Sections.
This index does not include reports in to-day's "Chronicle."
Railroads, Etc.
1237
1903-04.
1902-03.
977
full
1901-02.
977
977
Operations
Total tons carried
4,213,618
3,944,020
4,316,300
4 004 906
Tons carried 1 mile.. .740, 632,329 741,324,938 737,111,311 030,393il27
Av. rate p. ton p. m.. 0.000 cts
0.643 cts.
0.682 cts.
0.709 cts.
Av. rev. tons p. tr.m.
317.45
308.02
303.66
286.64
Earns, p. fr't tr'n m_.
$2.12
SI. 98
$2.07
$2.03
No. of pass, carried.. 1,104,809
1,159,904
1,122,060
1,059,910
do
do do
1 m. 67.05.S, 539
65,037,771
63,182,611 58,036,192
Av. dist. car'd 1 in...
57.57
56.07
56.31
54.76
Av. earnings per passenger p.m. Cents.
2.00
2.07
2.05
2.08
Av. earnings per pass.
train mile
Cents.
95.73
94.51
90.51
88.37
Gross earns, p. mile.
$0,807
$6,618
$6,808
$6,178
Earnings
8
$
$
$
Freight
4,936,220
4,765,605
5,024,477
4,508,877
Passengers
1,400, 120
1,405,783
1,359,570
1,267,360
Mail, expr. ftmisccll..
308,538
294,789
267,815
265,234
—
rs
1
tr.mil"-
Fr't earns, per
r'c]
(a
$1.7208
$1.5985
er.
86,935
$6,271
$6,515
$6,022
$3.0990
$3.0355
$3.0022
$3.1724
$9,5)3
$8,841
$9,026
$8,245
Other income
Total net income
[J"T
,
pany and com'l
Total
P. c. of exp. to earns.
Balance, nel eai nlngi
$4,606
17,514,744
$4.7dl
17,806,.'
11
:;>,<:.
339
326
428
403
384
$4,241
6,650,884
6,466,177
6,651,862
806,203
776,650
2,466,141
205,343
737,205
709,160
2,629,144
200,931
763.097
721,015
2,459,098
262,183
2,263,947
238,156
4,374,337
4,342,440
4,205,993
3,883,874
2.168,097
2,106,178
(65.77)
(07.16)
2,276,547
42,837
2,123,737
51,196
(63
2,1 16,869
3£
2,319,384
2,174,933
2,484,209
26 1,351
252,213
1,127,446
234.291
1,132
6,041,471
781,674
609..",!
1
(64.28
37. 07i.
III (/lid
Ta
roa'l mile (aver.)..
$5,01
Total rev. tr. mileage. 18,681 109
Aver. No. tons rev.
freight in train
Tons p. train, com-
—
$1.5422
mile
Total freight i-arnings
P-T train mil<Gross
earnings
per
roa'l mil.-
$1.7125
Total
Expenses
Maint. of way & at rue.
Maint. of equipment.
Conducting transp'n.
General expenses
accrued
it on bonds
Rentals accrued
Miscellaneous
'
'
1
Total
.Surplus
.
1
,1
-'7,2:10
218,493
1
,1
13,789
370,:;i7
,604
369,840
1,188
1.111
0.4 22
1,763,541
1,750.680
424.2 17
1,760,227
1,715,008
724.072
480,105
1
666,843
!,
(3
1
1
THE CHRONICLE.
238
condensed balance sheet june
1906.
$
48
48,994,131
.5, 227, .013
A ssets —
Road and
securities
Equipment
Material in private tracks
Company's stock In treasury.
30.
1904.
$
49,08(1.75:5
4,586,420
120,827
6,020
126,069
2,58.0.020
Stocks iiinl bonds owned
Trustees
Sinking fund
Reserve and special impr. fund
68,743
.888
505, Mil
78,038
271,123
5,520
591,585
360,709
401,373
254,719
542,527
Fuel, supplies, etc
Agents and conductors
Land department
United States Post Office
Individuals and companies
1,763
520.327
31,917
288,718
1903.
$
49,187,861
4,646,719
126,831
2,585,020
60,034
78,038
81,987
29,070
721,018
428,570
31,318
194,007
-
906,557
53,702
31,030
200,383
200,000
877,113
65,907
-
-. 60,837,241
59,129,233
59,605,466
17,500,000
12,500.000
Bonds (see "Railway & Ind." Sec.) 27,588,175
and
698,272
pay-rolls
Vouchers
500,000
Construction loans
551,592
Interest on funded debt, accrued..
88,407
Equipment renewal fund
520,327
Land department
390,824
Accounts nay able and miscell'ous.
499,643
Profit and loss
17.500,000
12,500,000
27,256,000
429,397
17,500,000
12,500,000
27,320,000
503,849
550,057
101,592
31,743
327,398
433,046
551,614
160,646
29,029
322,205
717,622
60,837,241
59,129,233
59,605,466
Bills recei vable
Cash
Miscellaneous
Total assets
Liabilities
—
Common stock
Preferred stock
Total
liabilities .
1,376,912
58,784
-V.81,p. 1176.842.
Rock Island Company.
June 30 1905.)
the owner of the entire capital stock, $145,000,000, except directors' shares, of the
Chicago Rock Island & Pacific RR. Co. of Iowa. The bal
ance sheet of this latter company is given separately below.
The Chicago Rock Island & Pacific RR. of Iowa owns
$69,929,200 of the $75,000,000 capital stock of the Chicago
Rock Island & Pacific Ry. Co. and $28,881,900 of the $29,000 common stock of the St. Louia & San Fran. RR. Co.
On pages 1256 to 1259 of to-day's "Chronicle," will be
found extracts from the annual reports of both the Chicago
Rock Island & Pacific Railway Co. and the St. Louis & San
Francisco RR. Co., these being the chief operating companies of the Rock Island system. The reports of ihe
is
companies, Chicago & Eastern Illinois RR. and
Evansville & Terre Haute RR. are given below.
As the Rock Island Company is the owner of the entire
capital stock, except directors' shares, of the Chicago Rock
Island & Pacific RR. Co., the income of both companies is
included in the following statement:
allied
—
COMBINED INCOME ACCOUNT— ROCK ISLAND COMPANY AND
CHICAGO ROCK ISLAND & PACIFIC RR. CO.
1904-05.
Divid. on Ch. R. Isl. & Pac. Ry. Co. stock
owned (aggregating 8% in 1903-04 and 7.88
5,481,123
in 1904-05)
$
28,877
Otherincome
Total income
Deduct
Expenses and taxes
Int.onCh. R. Isl. & Pac. RR. Co. bonds
1903-04.
5,564,592
64,818
5,629,410
56,925
3,495,113
Quarterly divid. of 1% each on pref. stock, Nov.
1,950,210
1 1903 to Aug. 1 1905, incl. (4% yearly)
1,947,608
5,634,102
5,499,646
def.124,103
sur. 129,764
The profit and loss account of the Rock Island Co. proper shows:
Surplus June 30 1904, $50,779: received as dividends on stock owned in
C. R. I. & P. RR. Co., 81,950,000; other income, $9,957; expenses and
taxes, $32,415; dividends (4%), $1 ,950,210; surplus June 30 1905, $28,111
Balance for year
BALANCE SHEET OF ROCK ISLAND COMPANY JUNE
30.
—
1905.
1904.
1905.
Liabilities
$
S
$
150,109,092 150,047,654 Common stock _z96.000.000
512,002
93,111 Preferred stock. 54.000,000
Carh
Unpaid vouchers
Companies and
an'l accounts.
120.479
individuals ..
17.000
17,458
Dividend payable
Accrued div. on
Aug. 1
489,504
C. R. I. & P.
Surplus
28,111
RR. Co., pay500.000
able July i, 04
—
Stocks owned
1904.
e
96.000,000
54,000,000
120,542
480.902
50,779
-
Total assets.. 150, 638,094 150,658,223
Tot. Ilabilitiesl50.638.094 150,658,223
I Includes: Issued and held in treasury, $5,755. 517 issued and outstanding against
the acquisition of $09,929,200 stock of the Chicago Rock Island <fc Pacific Ry. Co.
$69,929,200: issued against the acquisition of $28,881,900 common stock of St.
Louis & San Francisco RR. Co., $19,495,280.
V Includes issued and held in treasury, $5,049,500 Issued and outstanding against
the acquisition of $69,929,200 stock of the Chicago Rock Island & Pacific Ry. Co..
$48,95o,440— V. 81, p. 841.
-
Chicago Rock Island & Pacific Railroad.
(Statement for Fiscal Year Ending June 30 1905.)
The income account and balance sheet of this Railroad
Company, which owns most of the stock of the Railway Com-
pany and
is itself
controlled
by the Rock Island Company
(see Rock
through ownership of the entire outstanding stock
Island Company above) are as follows:
INCOME ACCOUNT FOR YEAR ENDING JUNE
1905.
&
Div. on C. R.I.
&
Otherincome
P. Ry. Co. stock
.
Total income
—
Deduct
Expenses
Interest on
Interest on
4% bonds.
5% bonds.
Dividends
Balance for year.
l
1
assets.. 233,313,780
—Total
V. 79. p. 1951
233.382,972
Total liabrcs233.313.780 233,382.972
Chicago Rock Island
(
&
Pacific Railway.
Report for the Fiscal Year Ending June 30 1905.)
Extracts from the report of President B. L. Winchell,
President, together with the income account, balance sheet,
etc., will be found on pages 1256 to 1259.
See alto Rock
Island Company above.
Various comparative statistics compiled for the "Chronicle" follow:
ROCK ISLAND SYSTEM— MILEAGE AND TRAFFIC STATISTICS.
Equipment and operations.
Locomotives
—
1904-05. 1903-04.
1,234
1,191
Passenger cars
757
751
38,006
35,530
2,179
2.029
1904-05.
1903-04.
1902-03.
Av'age miles of road operated
7,231
7,205
6.978
Tons moved (rev. frt ), No..
13,515,367
13,567.817
13,300,898
do (co. freight). No
3,011,481
3,278,333
2,499,034
do 1 mf!e (rev frMelit)No 3,171,456,832 3.250,750,267 2,987,577,497
do 1 mile (co. freight) No. 376,932,714
410,253,781
302,622,224
Passengers carried, No
12,065,685
11,536,847
10,595.130
Passeng'rs carried 1 mile, No. 552,903,897
514,108,832
512,094.475
Earnings per ton per mile
$.0094
$.0096
S.0104
Earnings per train mile
82.133
$2,162
$1,957
Tons p. train p. mile (rev. frt)
228.04
225.48
189.13
Tons p. train p. mile (co. frt.)
27.10
28.46
19.16
Earnings p. passenger p. mile
$.023
S.022
$.022
Earnings per train mile (including mail and express).
$1,110
$1,106
No. of passengers p. train m.
43.03
41.75
Total earnings p. m. of road.
$6,091
$6,241
$6,359
Earnings
S
8
$
Freight
29,662,386
31,167,006
30,917,281
Passenger
12,050,781
11,697,033
11,490,543
Mail and express
2,215,242
1,926,638
1,845,777
Miscellaneous
123,100
178,814
123,018
.
—
Total
Operating Expenses
Maint. of way & structures...
—
Maintenance of equipment...
Conducting transportation...
General expenses
Total
44,051,509
44,969,491
44,376,620
5,818,982
5,763,117
18,094,073
1,382,037
6,848,127
5,119,994
18,345,419
1,461,353
6,822,551
4,176,321
15,811,357
1,248,936
31,058,209
31,774,893
28,059.165
(70.50)
(70.66)
(63.23)
12,993,300
1,526,172
13,194,598
1,333,834
16,317,455
1,671,487
14,519,472
14,528,432
17,988,942
1,437,578
7,062,656
(6M%)4,676,622 (8)5,985,060
1,319,300
7,096,731
4,680,766
Otherincome
$
36,519
3,647,373
Assets
—
1905.
1904.
1905.
1904.
A sseti
$
$
UabUUlet—
*
$
Stock* owned ..232,257.840 231,737.915 Capital Mock. ..145 000.000 145.000,000
other invests
280.686
276,685 Gold bonds, 4% 69,929.200 69.557,470
Cash
775.254
152.118 Cold bonds, 5% 17,829.140 17,180.940
Accrued dlvs. on
Voucher" A- acrts
21 -,792
218.854
stock of Ch I(
Unpaid coupons
41,290
48,705
7. & Pac. ny.
Dlvs. pajilble
payable July 1
July
1904..
500,000
1904
1,217,254 Interest, not due
755.010
750.047
Surplus
32,933
134,366
Perct.of op.exp. toearns
Netearnings
5,510,000
—
The deficit on June 30 1903 was $447,754; surplus for 1903-04 as
above, $582,121; deficit for 1904-05, $101,434; total surplus June 30 1905
$32,933.
BALANCE SHEET JUNE 30
Freight cars
Servicecars
(Report for the Fiscal Year Ending
The Rock Island Company
[Vol. lxxxi.
30.
1904.
1S
(7.88)5,481,123 (8)5,564,592
18,919
13,905
5,500,042
5,578,497
4,103
2,784,740
862,633
1,950,000
26,263
2,782,280
712,833
1,475,000
5,601,476
def.101,434
4,996,376
sur. 582, 121
Total..
Deduct
—
Taxes
Interest
and rentals
Dividends
1,609,990
8,176,373
14,462,985
56.487
Total
Surplus
14,485,294
43,138
13,096,797
4,892,145
GENERAL BALANCE SHEET JUNE 30— ROCK ISLAND SYSTEM.
1905.
1904.
$
1903.
$
217,434,692 216,321,270 150,262,988
9,263,922
Assets—
Property and franchises
$
Chicago & Alton stock
32,322,270
Stocks and bonds of constituent cos
Advances for construct. & equipm'tol9, 778,827 017,142,284 34,911,054
597,812
581,812
Stocks and bonds of auxiliary cos..
580,038
11,250,000 19,274,000
1st and ref. bonds in treasury
8,720,514
9,067,262-14,677,542
Cash
1,718,615
1,644,731
1,641,360
Agents and conductors
2,527,658
2,271,881
2,388,597
Companies and individuals
bills
receivable
1,002,835
and
4,246,639
663,425
Loans
313,980
314,961
367,934
United States Government
R.I. Impt. Co. equip, trust notes.. 3,895,000
98,586
Express companies
75,327
57,024
2,188,995
1,569,426
2,522,258
Treasury securities
5,403,929
5,587,009
4,235,855
Material, fuel and supplies
758.215
459,967
195,553
Unadjusted accounts
284,953,580 278,556,566 244,825,900
Total
75,000,000 75,000,000 90,796,345
162,357,000 131,843.000 112,098,000
4,500,000
4,500,000
^Collateral trust notes
7,500,000 12,500,000
Temporary loan
bonds
issued
(in
treas.)
11,250,000 19,274,000
1st and ref.
2,138,581
2,580,548
4,589,138
Unpaid vouchers and accounts
1,915,231
1,528,662
1,912,747
Unpaid wages
264,320
389,338
328,852
Traffic and mileage balances.
1,934,821
1,901,935
Matured int. & rentals pav. July 1. 2,041,764
935,156
1,309,250
Dividends pvable August 1
459,694
286,265
711,847
Interest accrued (not due)
361,071
496,151
1,013,556
Taxes accrued (not due)
171,622
145,397
355,307
Rentals accrued (not due)
.-..
1,222,941
1,222,941
Stockholders' improvement loan..
375.209
350,000
304,903
Insurance fund
31,310
23,659
32,542
Hospital fund
46,871
225,475
640,341
Equip, replacement fund
1,104,544
Improvement fund..
5,255,357
Contingent account
20,012
222,732
20,612
Miscellaneous
19,678,987 24,500,858 18,667,150
Profit and loss
Capital stock
Funded debt
284,953,580 278,556,566 244,825,900
Total
a Principally for construction of St. Louis Kansas City line.
6 Notes of D. R. Francis and John Scullin assumed at time of purchase
V. 81, p. 777.
of St. Louis-Kansas City line.
—
.
Oct. 21
.
THE CHRONICLE.
1906.1
&
$.582, or equal to 19.1 1%.
of $327, '.i.'ii. equal to 1.56' '..
San Francisco Railroad.
Fiscal Year Ending June 30 1905.)
Louis
St.
(Report for the
The company's annual report
given
is
at
.i
considerable
"Chronicle,"
1259 to 1262 of to-day's
embracing the remarks of President Davidson, comparative
tables of earnings and operations, and balance sheet for two
pagea
OB
Length
years past
.
etc.
Comparative statistics for four years
for the "•Chronicle" as follows:
1
have been compiled
s
3
239
There was a decrease
The number
in freight receipts
ol tons carried one mile dt>
average rate received per ton per mile waa 4.02
i'Ik'
mills, against 4.68 mills last year.
was an increase of $ios,oo2. equal to s.88%
of passengers decreased io.s.v-; and the number carried one
The average rate received per passenger per mile
mile decreased 9 06'
was 2.12 cents, as against 1.77 cents last year. The average distance
In passenger receipts there
Tlie
Dumber
traveled was 28.80 miles, as against 16.60 miles last year.
These changes
were chiefly due to the discontinuance of Chicago suburban trains, the
was
which
abandoned July 81 1904,
larger pari of
Additional Mileage.
There was added to the operated mileage during
the year 107.34 miles of road, viz.:
—
OPERATIONS, EARNINGS \M> EXPENSES.
5,030
Miles oper. (average).
—
Miles-
24.003
731
407
21,362
1,177
872
770
Operations—
ears, etc
3,675
3,252
586
387
21,129
472
510
342
16,939
472
4,181,637
3,678.344
4,930.585
5,978,866
SS6.279.091 254.4S4.036 214,314,007 186.236.488
Passengers carried
do do I mile
2.27cts.
Rate p. pass. p. mile. .
Rev. frt. (tons) earr'd. 12,793.075
do (,tons)car'd 1 m.. 1999624091
l.OOScts.
Rate p. ton p. mile
199.58
Av. tr. load(rev.)tons.
2.351cts.
2.279cts.
2.296ets.
10,049.931
1923003602 1749596697
9.00S.650
16375571 19
0.995cts.
195.01
0.953cts.
1S6.9I
Thebes Bridge. The double-track steel bridge of the Southern Illinois
& Missouri Bridge Co. across the Mississippi River at Thebes was opened
$1.0171
$1.7813
$6,647 77
s
15,606,243
4,253,758
471,751
526,321
762,810
for traffic in April 1905 (see V. 80, p. 1424, 2220), thus, in connection
with truckage rights obtained as above-mentioned, extending this company's mad to the junction with the St. Louis & San Francisco KH.
On July 31 1904 this company commenced the operaSt. Louis Line.
tion of passenger train service between Chicago and St. Louis over its
own shortened line to Pana and the old line of the C. C. C. & St. L. to
East St. Louis until Sept. 25 1904, when the C. C. C. & St. L. Railway
new double-track road was opened for traffic and our permanent St. Louis
line was established, both freight and passenger service reaching St. Louis
over the tracks of the Terminal Railroad Association of St. Louis. (See
"additional mileage" above.)
Chicago Terminal. On July 30 1904 the use of Polk Street Station,
which had been the passenger terminal of this company in Chicago, was
discontinued, and commencing July 31 our passenger trains arrived and
departed from the La Salle Street Station, the most modern and con(See "additional mileage" above.)
venient passenger station in Chicago.
Funded Debt. The company has issued on account of additional railroad and double track, and on account of additional equipment,
$2,509,000 of its general consolidated and first mortgage 5% bonds,
against which there were outstanding (as shown in previous annual
reports) $2,500,000 of interim certificates.
Stock.
The capital stock lias been increased during the year by: Common, $1,177,700, preferred, $1,026,300, on account of the construction
of 102.63 miles of railroad, as follows. Rossville extension, 13.77 miles;
Hunt's extension, 6.94 miles; Woodland-Villa Grove cut-off, 62.18 miles;
Findley-Pana extension, 19.74 miles. The company sold during the year
$2,000,000 of the preferred stock for the sum of $2,400,000, leaving in the
treasury on June 30 1905 the following: Common, $6,408,300 of the
$13,626,100 issued; preferred, $161,300 of the 88,992,000 issued.
The cost of "road and equipment" was increased
Cost of Property.
For equipment, $1,641,257;
S2, 045. 233 net during the year as follows:
for new shops, terminals, new road, second track, etc., $401,999; for
additions, improvements and betterments, $434,215; total, $2,477,471;
less credits: For premium on stock sold, etc., $432,238; net increase,
$2,045,233.
Equipment. New equipment was received during the year as follows:
(a) Bought for cash
22 locomotives, 10 caboose cars, 1 steam wrecker,
1 ditching machine,
(b) Bought under Blair & Co. equipment trust
agreements series "C" and"D" 800 steel underframe coal cars, 1,000
box cars and 200 dump cars. Under these agreements there was issued
$1,360,000 equipment trust bonds and $169,622 50 was paid in cash.
Additions and Improvements.
The traffic has increased very rapidly
during the past few years, and has overtaxed the present facilities to such
an extent that prompt and economical handling had become almost impossible. In order to meet this condition, and provide for still further increase in the future, your directors have authorized extensive additions
and improvements to the property and its equipment, of which the following are the most important items: (a) large additional terminal
yard at Dolton (Chicago city limits); (b) third main track between Dolton and Momence and on other congested sections of main line; (c) additional passing tracks on all lines; (d) approved block signal system on
main lines; (e) cut-off around Danville to enable heavy coal trains to
avoid congested yards at Danville; (f) 30 locomotives; 1,000 box cars;
1,500 coal cars: 25 cabooses.
The estimated cost of the additions and improvements already authorized, exclusive of equipment, is over $2,600,000.
The work is being
pushed as rapidly as possible, and it is expected that a large part of the
additional facilities will be available for use in handling the heavy coal
traffic during the fall and winter of 1905-06.
New Mortgage. In order to provide funds for these additions and improvements, for the purchase of additional equipment, and also for refunding the bonds now outstanding, the stockholders on June 29 1905
authorized the execution of a "refunding and improvement mortgage."
The bonds are to be dated July 1 1905 and are authorized to be issued in
an aggregate amount not exceeding $55,000,000, bearing interest at a
rate not to exceed 4 per cent per annum.
None of the bonds were issued
during the fiscal year ending June 30 1905.
Control o\ Evansville & Terre Haute.
At the close of the fiscal year the
company had acquired 53,562 shares of the common stock ($2,678,100)
of the Evansville & Terre Haute RR. Co.
0.976cts.
197.S2
$1.1264
$1.9315
$6,378 35
20.lli.455
7,647,578
678,726
871,837
64S.644
18,776,231
5,982.083
620,320
762,469
755,627
$1.0456
$1.9393
$6,608 98
s
17,398,876
4,885,163
530.969
630,336
844,166
29.95S.240
Total
Operating expenses
Maint. of road. etc... 3.592,174
Mamt. of equipment.. 3,530.357
11.163,559
Transportation
General expenses
1 ,010.926
26.S96.731
24,289,510
21.620,882
3,131,141
3,414,328
10,310,042
900,741
3,438.840
2.613,161
9,019,254
804,723
2,978,847
2,212.306
7,649,347
631,970
19,297.017
Total
(66.40)
P.c.of op. exp. to earn
10.661,223
Net earnings
17,756.252
(66.02)
9,140,479
15,875,978
13.472,471
—
s
Express
laneous
I
—
•
(65.36)
(62.31)
8,413,532
8,148,411
INCOME ACCOUNT.
1904-05.
$
10,661,223
Net earnings
Add-
832,113
Other income
Total net income
Deduct
84S.696
Interest, rentals & sink, fund 8,015,929
Div.on tr.cert. K.C. F.S. &
Rv
II.
540,400
Div. on tr.cert.C.A E.IU. Ry 1,064,182
4% on St. L. &S. F. 1st pref. 199,742
4%onSt.L&S.F.
883,112
743,302
197,160
2dpref..
640,000
Miscellaneous
..11.308.949
184.387
Total
Surplus for year
702,759
610,220
588,408
6,473,559 5,642,276 5,074,386
540,400
964,702
199,742
640,000
78,534
540,400
889,222
199,742
640,000
405.300
199.742
605,439
1905.
—
S
Franchises aDd property
159,503,840
Stocks aDd bonds owned
203.846
Leasehold estate— K. C. K. S. * M. Ry
64.488.108
Leasehold estate, ete.— K. C. M. A B. Ry.... 15.740.376
Franchises and property auxiliary cos
16.696. 696
C.4E.1. RR. Co. preferred stock, cost
9, 321. 5.10
18,239.237
C. AE.I.RR.Cocommonstock.cost
New equipment
5.781,317
Refunding morteage bonds In trust
125.000
Cash In treasury. .
1,058,394
Cash In hands of fiscal aeents
1,813,242
Due from aeents and conductors
1.131,276
Due from railroad companies
225.682
Due from companies and Individuals..
1,848.968
Due from United States Government.
179.217
Supplies on hand.
1,938.234
Unadjusted open accounts (balance)..
124.333
.
Securities in tre-isury
cost of
1,513.151
Advances, roads under construction..
Slnklne funds account
Improvement fund and miscellaneous.
311.535
510.915
100.291
Total assets
Habiliti't
5 000.000
16 000.000
29 000.000
Funded debt
109 326.324
K.C. F.S. A M.Ry. preferred certificates
13 510,000
Common Mock
a 15 000.000
Funded debt and equipment notes
36 849.406
K. C. M. * Bir. stock
a.=> 976.000
Funded debt
dp 835,920
Capital stocK auxiliary companies
o7 196.000
Funded debt debt auxiliary companies
dS) 444.000
Preferred «tork trust rerta. C. A E. I. RR...
9 317,550
Common stock trust certificates C. A K. I. RR 18 044.500
Equipment notes
6 068.587
Ref. M 4
bond*, Vorthweetero Div. improvement and equipment fund
125,000
Deferred payments, O. C. A W. RR
Deferred payment*. O. A C. C. Ry
Deferred payments. A. V. 4 W. Ry
Notes payable
Audited voucher" and pay-rolls
3 120,317
Companies and Individuals
10,656
Railroad compai
ant traffic
247 171
Interest and dividends matured
2 316.414
Interest on bonds, accrued (not due)
Taxes accrued (not due;
1-s 126
81nklne funds, accrued
439.203
Second nreferred stock
Common
stock
113
Profit
and
Total
31.
1904.
1903.
S
S
137.535.073 122,121.600
3,082.019
3.313,046
64.529,265 63.691,774
15,740.3761 33.210.534
17.860.285/
6.291.550
6,257.550
18,239.237
17,660.500
5,242,708
3.777.911
200.000
1,160.539
1.559,788
1,093,546
182.335
2.316.079
165.884
2,178,746
195.764
13.164.661
306,888
1.365.294
100,293
200.000
1.548,980
345.725
1.192,548
100.961
2,525,479
135. 7S2
1.605.543
505. 2S3
5,465,274
2,164,917
1.235.154
100.873
300,855,208 292,510,326 267.159,433
—
First preferred stock
._
.
loss
'.
5.000.000
16.000,000
29.000.000
75.0Mi,925
13.510.000
15,000.000
35,063.110
5,000 ,000
16.000 000
29.000 000
88,309'
13.510
15.000
36,572
5.976
9.835
8,406
9.444
6.287
18,044
034
000
000
510
0001
9201 33,305.620
7001
000
550
500
5,566, 848
200.000
4,046,170
200.000
2.149.136
i,98b",66o
3. 600, 000
2.215.000
1,261
68,491
[,161 280
29,631
2, B71.686
4.038.750
i
:
9
1.412
18,477
1
i.r.io.oi6
937.266
I
Eastern
President A.
.1.
,..",
—
—
—
—
—
—
Statistics.
— Operations,
earnings and charges are
shown
for four years:
1904-05.
948
758
1902-03.
751
Pass, carried, No
2,211,662
Pass, carried 1 mile.. 62,787,562
Rate p. pass. p. mile.
2.12 cts.
Freight (tons) carried 9,393,993
4,159,682
69.038,412
4,189,708
68,617,286
Mih-s oper. June 30...
Operations —
1903-04.
1.77 cts.
9,445,731
1901-02.
738
3,797.099
60,862,407
1.72 cts.
1.72 cts.
8,631,401
7,011.362
do
do
mill-.. 1488368620 1538733330 1396650087 1096045035
Rate p. ton per mile.. 0.462 cts. 0.468 cts.
0.455 cts.
0.459 cts.
Earnings
$
$
$
$
1
—
Passengers
lit
Mail, express, etc
1,332,932
6,877,727
212,718
1,224,030
7,206,681
234,331
6,354,225
191,682
1,044,053
5,038,727
194,714
8,423,377
8,664,042
7,723,848
6,277,404
1.
178, Oil
vi,
Illinois Railroad.
Davidson says
—
89.373
:
K.C
&
—
6,257,550
a All owned by the company.
d $2,521,000 of the funded debt of the auxiliary companies and $399,500 oi the
Jopded debt of the K. C. M. A B. RR. Co. Is owned by this company, of whkh
•2.182.000 is deposited under the St. L. A 8. F. RR. Co. refunding mnruwe,
•399.500 under the
It s. A M. Ry. Co. refunding mortzace and $339,000
under the trust mortgage of 1887.— V. 81. p. 1045.
Chicago
—
j
O.IDO.OOO
4.335,025
847
238,073
1.640.400
944 - J
219,129
(Report for Fiscal Year Ending
—
below
300.855.208 292,510.326 267.159.433
liabilities
—
—
9.599,696 8,521,860 6,873,375
423.896
634,976 1,472,197
CONDENSED GENERAL BALANCE SHEET JUNE
Assets
—
—
1902-03.
1901-02.
*
$
9,140,479 8,413,532 8.148,411
1903-04.
$
11.493,336 10,023,592 9,156,836 8,345,572
—
Taxes
.
11,114,417
$1.2058
$2.0073
$5,955 3S
Earn. p. pass. tr. mile
Earn. p. fr'ght tr. m..
Gross earns, p. mile..
Gross earnings
Freight
senger
Mail
East St. I.ouls, III., under 999 year lease of Cleveland Cincinnati
81.72
Chicago a 8t. Louis Ry. Co.. dated Nov. 1 1902
East St. I.ouls. Ill to St. Louis Union Station, Mo., under trackage contract
I.ouls
3.44
with tiio Terminal RR. Association of St.
Thebes, III., to North (Bridge) Junction. 111., under contract with Illinois Cen1.31
tral Hit
North (Bridge) Junction, to Illmo Mo., under tralllc arrangeThebes, III
4.65
ment with tin- Southern Illinois A Missouri Bridge Co
lllmo. Mo., to Rockvlew. Mo., under agreement with St. Louis Southwestern
7.54
Ky. Co
Auburn Park. 111., to Knglewood. III., under agreement with Chicago Rock
2.30
Island A I'aclllc Ry.Co
Englewood. III., to La Salle Street Station. Chicago under agreement with
Chicago Hock Island A Pacific Ry. Co. and Lake Shore A Michigan South6.32
ern Ry.Co
l'utia. 111., to
1901-02.
,
Equipment
Locomotives
Passenger equipment
Freight equipment...
Company
1902-03.
1903-04.
4,217
1904-05.
June 30 1905.)
in substance:
General Results. The gross receipts from traffic, as compared with the
previous year, decreased 2.78%. or $240,665; the net receipts decreased
Total
Expenses
Maint. of way A struc.
Maint. of equipment.
Cond. transportation.
ral expenses
—
i
Total
expen. to earns..
Tilings
other income
Total
..
757,746
707,486
661 ,036
1,231,288
3,485,609
281,207
,198,179
3,324,247
21 1,622
860,637
2,574,056
737.837
1,947.340
2114,000
260,600
216,861
239,501
288,489
6.019,850
5.691,934
4.662,089
'.732
(71.46)
[66 7
1
I
169, 199
1
2,403,527
is, 170
t.108
i,642
2,661,697
3,327.050
1
61
r
.i,l7l,7. .O
.172,799
3,64
2.577.762
219,147
-
-'0.900
THE CHRONICLE.
1240
1004-05.
—
—
New
1
226,666
109,842
I
2.631,904
80.207
del.
<fe
*
Bonds, stocks and
oth. Investments 4 372,108
752,6o3
Sinking fund
Bills and accounts. 1 ,643,711
1
—V
Total
.
30.
1905.
Liabilities—
stock
Preferred stock
Common
2.228,
696, 82X
7 217,800
8 830.700
1904.
$
7,217,800
6,830,700
Indus." Sec). ..27 4G2.000 27,453,000
3 550.579 2.547,030
2,122 744 Car trust notes
843,129
548.540
Interest & dlv'nds
31.785
33,376
723 ,243 Taxes, etc
795 ,454 Pay-rolls, vouch.,
1,093.005
2. C78,o47
Ac
869 435
2 .581,355 3.029.504
Income account
,019,683
14,071
844.491
Cash
2,826,909
649 Bonds (3ce"Ky.&
Materials and sup-
71,002
535,570
190 4.
equlpm't.44 255.438 42.210 ,205
plies
Casli assets
(6)431 ,868
300,000
289,97
3,203,403
341,155
2,909,820
367.830
BALANCE SHEET JUNE
1905.
$
Road
1,612,999
167,523
409,842
(6)433,068
400,121
construct'!!, etc.
Total
surplus
Balance,
S
S
,366,778
(8)577,1-'
1902-01.
$
1,245,889
132,138
109,842
1902-03.
190.3-04.
Deduct
$
1,606,468
Interest on bonds
264,764
Rentals
199,842
i; p, <•. on pref. stock..
(5)360,890
Div. on com. stock
Deprec. ol equipment
...52,902,697 49.046,5591
—
•
-Total
..
.52,902,097 49,040,559
81, p. 1043.30.
[
[Vol. lxxji
The following statements, comprising condensed and consolidated balance sheet and income account covering three
years ended June 30 1905, substantially the period of operation of the system under syndicate control, have been furnished by the railroad company.
Consolidated Income Accounts for Three Years
Net earns., rail wavs. 84,051,909
Total net income
$6,487,247
Fixed charges (including interest on bonds of subsidiary companies, rentals, etc
4,665,325
$1,821,922
Surplus for three years..
Consolidated Balance Sheet June 30 1905 of Western Maryland RR Co.
West Virginia Central & Pittsliurgh Ry. Co. and Coal & Iron
Railway Co.
.
Assets
—
Liabilities
The syndicate managers, viz., Myron T. Herrick, Winslow S. Pierce, Edward L. Fuller, Alvin W. Krech, Howard
Gould and Joseph Ramsey Jr., in their final announcement
recently
made
(V. 81, p. 976), say in substance:
—
The company has acquired the balance outUnification of Properties.
standing of the capital stock of the West Virginia Central ^Pittsburgh Ry.
Co. and of the Piedmont & Cumberland Ry. Co., and proceedings will be
shortly consummated by stockholders' action at special meetings already
called, providing for the conveyance to the Western Maryland RR. Co.
of the Western Maryland Tidewater RR., the Potomac Valley Ry., the
Piedmont & Cumberland Ry., the West Virginia Central &• Pittsburgh Ry.
and the Coal & Iron Ry. This will result that the Western Maryland
Company's owned line will, upon the completion of the construction of its
Cumberland extension, extend uninterruptedly from its Baltimore terminals to the termini of the West Virginia Central property at Durbin
and Belington in West Virginia, and together with the lines of its proprietary and leased companies will embrace a system of 534 miles, with
continuous transportation facilities from its proprietary coal fields in
Maryland and West Virginia (of more than 100,000 acres in extent) to
its own tidewater terminals at Baltimore, with additional termini at
Shippensburg and York, Pa. The proceedings referred to also embrace
conveyances directly subjecting the several properties to be so acquired
to the lien of the "general lien and convertible mortgage," as w-ell as of
the first mortgage of the company.
Cumberland Extension. The engineers of the company state that the
extension joining the Western Maryland and the West Virginia Central
properties will be completed by the close of the present calendar year.
The length of the line, from the point of its connection with the Western
Maryland Railroad at Big Pool (opposite Cherry Run) to the junction
with the West Virginia Central Railway near Cumberland, is 59.28 miles,
The maximum of curvature
of which 62%, or 37.05 miles, are tangent.
is 6 degrees, the maximum grade opposed to east-bound traffic is 15.84
feet -per mile (three-tenths of -'one- per cent), and the maximum grade
opposed to the west-bound traffic is 26.4 feet per mile (five-tenths of one
per cent) -the character of construction being such and the grades and
alignment being so favorable as to ensure the highest efficiency and
economy in operation of this new line.
Upon the completion of this construction two results will be accomplished:
(a) The existing traffic will yield a substantial increase of
gross and net earnings, as the system will then receive the entire tidewater rate on business handled from its coal fields to its own tidewater
terminals and a largely increased proportion (due to extended haul) of
joint rates on business handled in connection with other Eastern lines,
(b) A large increase in gross and net revenue from joint traffic already
developed and tributary to the disconnectd parts of the system, the interchange of which has not heretofore been practicable and no adequate outlet for which has heretofore existed.
Tidewater Terminals. The tidewater terminals and facilities at Baltimore, as originally contemplated, have been completed and are in operation.
These terminals comprise an extension of the main line, about
6 miles in length, to Port Covington, where the merchandise pier, coal
export pier, transfer facilities and appurtenant yard and trackage faciliThe company has also acquired other warehouse and
ties are situated.
wharfage property on the north side of Baltimore harbor, and has considerably extended its trackage area and is building important additional
storage and freight-handling structures at its Hillen terminals in Balti-
companies)
$63 387,260
Chesapeake &
Ohio Canal
157,325
Cash & cash items
1 ,611,540
Due from foreign roads,
agents and conduct's
481,839
Accounts and bills receivable, etc
930,448
Materials and supplies..
439,972
—
more.
—
ment
The company has recently acquired, also on advantageous terms-, the
properties known as the "Weaver coal operations."
These properties
consist of about 6 miles of railroad extending from Weaver to Belington,
W. Va., with suitable sidings and spurs to coal operations, and with an
equipment of 3 locomotives and 641 freight cars, and also of coal properties comprising approximately 1 ,300 acres of surface lands and coal under.
lying approximately 1,700 additional acres of land, three developed
mining operations, 253 coke ovens and the stores, dwellings and general
mining equipment connected therewith. These properties under existing operation are profitable per se and a source of net revenue independently of business contributed to the system.
For a period of about three years the Western Maryland
Outlook.
RR. and the West Virginia Central & Pittsburgh Ry. have been operated
as disconnected properties without tidewater outlet, except that recently
afforded to a single and substantially local part of the system by the
completion of terminals at Baltimore. This period has been one of construction involving the expenditure of very large sums of money from
which all substantial returns have necessarily been postponed until the
completion of construction designed to make a single system of disconnected properties. During this period the separated properties of the
system, now about to be unified, have, notwithstanding adverse efforts
and influences exceeding ordinary competition, been operated with
The syndicate managers believe that the results of
satisfactory results.
disconnected operations and the practical assurance of returns from the
made
to develop these properties and unite them in
large expenditures
an independent system justify the confidence which the Managers feel
and now express in the profitable character of the enterprise.
—
!
760,,000
1,821,922
.
Total
Total..
..807,008,384
807, 008,384
Note.
The funded debt will be increased by the bonded indebtedness
of the Piedmont & Cumberland Ry. Co. and the Potomac Valley RR. Co.,
amounting respectively to 8650,000 and 81,300,000 upon the acquisition
of these properties under the pending proceedings above referred to.
—
The managers are advised that publication of annual re
ports of the system will also be resumed.
Compare V. 79, p. 2692 and V. 81, p. 266.— V. 81, p. 976,
900.
Evansville
&
Terre Haute Railroad.
(Report for Fiscal Year Ending June 30 1905.)
President A. J. Davidson says in substance:
Results Include E. & I RR.
Reports heretofore renderedhave included
only the operations of the Evansville & Terre Haute RR. Co., exclusive
of the line of the Evansville & Indianapolis RR. Co., whose entire capital
is owned by your company.
This report includes the affairs and opera-
—
.
tions of both companies.
In order to make exhibits comparative, the
figures for the preceding year have been re-stated to meet the changed
conditions.
Maintenance. 7.93 miles of track have been relaid with 1,057 tons of
85 and 80-lb. steel rail. Two miles of road have been re-ballasted with
gravel; 129,494 cross-ties, or about 10%, have been replaced.
Nine extensions, aggregating 13.22 miles, were constructed at a cost of 888,485.
—
—
Equipment. Equipment notes have been paid during the year amounting to 855,081.
There still remains outstanding 8579,013, of which
$400,000 was issued February 1905 to Blair & Co. for the purchase of
500 flat bottom dump coal cars, series 8,001 to 8,500, inclusive. The
remaining notes, amounting to $179,013, held by Pullman Co"., were
issued for the purchase of 400 coal cars and three coaches, purchased
during September 1903.
Operation.
The result from operation shows a decrease in gross earnings compared with last year of 839,188, or 1.9%.
Gross earnings were
per
mile of road, against 86,762 per mile last year. The tonnage
$6,604
handled shows an increase of 314,276 tons, or 14.1%. The ton mileage
has increased 1,908,781 miles, or 1.5%. The average rate ner ton per
mile was 1.068 cents.
The operating expenses, exclusive of taxes, decreased $199,471, or 16.1%, the ratio to gross earnings being 50.7%.
—
Statistics.
—The yearly statements compare as follows:
—
New Equipment. In line with its provisions for the larger coal and
coke tonnage which will result from the connection of the two main
properties of the system, as well as to meet the increasing requirements
of its general freight business and passenger traffic, the company has
recently ordered for early delivery further equipment, viz.: 50 stock cars
of 60,000 lbs. capacity; 1,250 steel underframe cars of 80,000 lbs. capacity (namely 50 flat cars, 500 box cars and 700 gondola cars); 500 steel
hopper-bottom coal cars of 100,000 lbs. capacity; 18 consolidation freight
engines; 3 six-wheel switch-engines and 5 ten-wheel passenger engines.
Acquisitions of New Property.
The company has concluded the purchase on advantageous terms of nearly 5,000 acres of desirable coking
coal lands situated along and contiguous to the line of the West Virginia
Central Railway in Tucker, Grant and Mineral counties, W. Va., and
Garrett County, Md. These lands are included in the portion of the
large coal reserve -which is directly accessible to opening and develop-
i
First M bond loans
Income accounts
—
—
...$15,685,400
324,000
First mortgage
31,923,875
"General lien and convertible" bonds
10,000,000
West Va. Cent. & Pitts.
First M
3,250,000
Coal & Iron Railwav
First M
1,000,000
Sundry station loans...
90,964
Fquip. and ins. funds..
45,905
Vouchers, pay-rolls,
coupons, etc
1,577,741
Charges accrued, not
due
403,154
Current accounts with
prop. cos. (balance).
119,,423
stock
Preferred stock
Invest.
{Report of Operations under Syndicate Control.)
—
Common
Cost of property (inel.
stocks of proprietary
Western Maryland; Railroad.
Ended June 30 1905.
Gross earnings, railways. $11 ,246, 180INet profits, coal and
Operating expenses and
allied departments.. $1,923,997
taxes
7,194,271 Interest, royalties, misincome,
cellaneous
etc
511,341
OPERATIONS, EARNINGS, ETC.
-Including Evans. & Ind
-Excl.
1904-05.
1903-04.
Ev.
1902-03.
—
& Ind.
1901-02.
Total miles operated.
162
310
309
162
Operations
Passengers carried
721,522
722,003
434,751
361,934
Pass, carried 1 mile.. 22,171,191
22,545,868
15,975,485 14,304,297
Rate per pass, per m. 2.533 cts.
2.409 cts.
2.438 cts.
2.385 cts.
Rev. fr't (tons) car'd. 2,538,953
2,036,359
2,224,677
1,810,425
Rev. fr't (tons) 1 in. .131, 201, 728 129,292,947 123,619,058 109.344,068
Rate per ton per mile. 1 .068 cts.
0.981 cts.
0.889 cts.
0.848 cts.
Pass, earnings (all)
per train mile
$1,120
$1,017
$0,991
81.168
Fr't earns, p. tr'n m__
$2,608
$2,414
$2,488
82.327
receipts
mile.
Gross
$6,762
p.
$6,604
$10,661
$8,998
Earnings
S
$
8
$
Passengers
501,534
543,162
341,228
389,489
Freight
1,400,875
1,099,561
927,749
1,267,701
Mail, express, etc
87,738
278,473
233,264
184,682
—
—
Gross earnings ..
Expenses
Maint. of way, etc...
Maint. of equipment.
Conduct, transport'n.
General
2,050,147
2,089,336
1,722,314
1,453,659
188,743
282.797
480,529
80,522
289,341
286,552
584,120
78,049
198,787
233,311
392,742
70,518
138,603
189,976
358,591
62,014
Total expenses..
exp. to earns..
Net earnings
1,038,591
1,238,062
(50.7)
'56.62)
—
P.
c. of
Other income
Total
Deduct
—
Interest and rentals..
Taxes
Ev. & Ind. deficit
Depleted equipment
Improvements
5%
on pref. stock
Total
Surplus
disbu'm'ts
895,358
,51.9)
749,184
(51.5)
1,011,556
28,244
851,274
36,228
826,956
36,325
704,475
39.233
1,039,800
887,502
863,281
743, 70S
514,160
90,929
509,281
99,639
352.290
74,642
34,090
349,242
66,380
04,054
189,379
79,286
64,167
64,167
64,167
64,167
748,542
291,258
673,087
214,415
525,189
338,092
733,222
10,486
—
.
THE CHRONICLE.
Oct. 21 1905.)
GENERAL BALANCE SHEET JUNE
U'JudliU!
VMM*.
.<
.
KoulDinem
Materia La on 'hand
Cash on hand
"
-
...
...
Due from acentric
,
receivable
Advances
Bonds and Btoctaowned
lunts
\
m
suspense
Liabilities
—
1905.
stock
Preferred stork
53.251
161.051 Funded debt (see "Railway
Industrial" Section)
469,818
84,789 Bonded Interest.
67,861 Unclaimed dividend
Pay-rolla and vouchers.
517.2271 Equipment notes
raxes. Ins.. etc.. in suspense
.is. 01 4. 309
Pacific Coast
184,558
579,013
597,210
...18,014,309
Total
1
9.127,000
212,632
—
Income kCCOUnl
.
4
Company.
(Report for Fiscal Year Ending June 30 1905.)
Cannon. PresiThe text of the report, signed by 1!.
dent and Chairman of the board, and .) C. Ford, VicePresident and General Manager, ia cited at considerable
length on page 1264 of to-day's "Chronicle
W
—
statistic*.
The earnings and expenses, income account
and balance sheet have been as follows:
EARNINGS AND EXPENSES FOR YEAR
trtment
Pacific Coast
Gross
earnings,
—
*
Steamship Co
8,713,484
Rail lines
Pacific Coast
Rv. Co
Columbia A Puget Sound RR. Co.
Coal department.
Lumber, grain, rentals and misceJ
Taxes and general
197,964
494,612
1,642,800
150,416
6,199,276
Total
1004-05.
Expenses
and
taxes.
$
3,200,557
152,516
218,278
1,175,998
45,060
73,751
512,927
45,448
276,334
466,802
105,355
def. 73,:;.
1,333,115
4,866.160
INCOME ACCOUNT— ALL COMPANIES.
1903-04.
S
5,902,973
4,717,944
1904-05.
s
is
.
earnings
exp. & taxes...
6,199,276
4,866,161
1901-02.
S
1902-03.
S
5,606,753
4,394,775
5,074,207
3,985,516
—A
24
—
RR. of New Jersey.- New Equipment. This
has ordered, and presumably will make the basis
1,000 bos cars, 1,000 coal cars
of new equipment trusts
and 1,000 gondola ears from the American Car & foundry
CO. and 1,000 steel hopper gondola cars of 100,000 lbs.
capacity from the Cambria Steel Co.
The ears, however,
will not be delivered until next year, and the method of
financing the purchase has therefore not been determined.
V. 81, p. 971,506.
company
—
—
Chesapeake & Ohio Ry. Application to List. The New
York stock Exchange has been requested to list Si, 000,000
additional general mortgage l\4% bonds, making the total
listed $40,574,000.— V. 81, p. 974, 908.
Chicago Milwaukee & St. Paul Ry. See Pacific RR.
—
below.
V. si
,
p.
974, 849.
—
&
North Western Ry. Maturing Bonds. The
Chicago & Tomah RR. first mortgage 0s and the
$601,000 Chicago Milwaukee & North West. Ry. (Chicago
&, Tomah Division) construction bonds (is maturing Nov. l
1905, will be paid on and after that date at the office of the
Treasurer of the Chicago & Northwesern Ry. Co., 52 Wall
Chicago
SI ,528,000
New York.— V.
St.,
Net
earnings.
1
1
Central
Common
i
Total
—V. 79 p.
30
/«</.)
1905.
$
18.040.305
U
Cnst ot road
—
—— —
i
81, p. 1174, 1047.
—
—
Chicago Terminal & Transfer RR. New Director. At
the annual meeting on Oct. 11, A. If Gillnrd of New York
elected director to succeed Henry R. Ickelhcinier.
The Hill-Morgan interests are commonly reControl.
ported to have acquired a large block of the stock and a
majority of the bonds, with a view to the use of the terminals
bv the Chicago Burlington & Quincy as well as other tenants.— V. 81, p. 897, 777.
Chicago Union Traction Co. Case Set for Jan. 2. At
Washington, on Oct. 16, the appeals of the trolley companies
and the City of Chicago from the decisions of the Federal
Court for the Northern District of Illinois, touching the scope
—
—
99-year franchise Act (V. 80, p. 1058; V. 78, p. 2333),
of the
and the proceedings to compel the lowering of the Van Buren
1,185,029
1,211,978
1,333,115
earnings.
Street tunnel, were advanced by the Supreme Court and as44,378
l'7,624
45,432
Int., discount A misc.
signed for argument on Jan. 2.
1,256,356
1,129,805
1,230,461
1,360,739
Total net income..
City Council's Vote Adverse to Municipal Ownership.
Deduct —
222,300
222,300 On Oct. 16 the Chicago City Council in a test vote, which
222,300
222,300
Interest on bonds
200,000 Mayor Dunne said he regarded as showing the majority wa3
Depreciation fund
"
18", 1 15
9~,343
25,928
l"o~,793
Improv't equip., etc.
against any municipal ownership plan, rejected
37 to 27
is, 400
21,504
16,376
19,454
"Exhaustion fund"..
(5)76,250
(5)76,250
(6)76,250 the following order sent by the Mayor, accompanying a mes(5)76,250
Dividend on 1st pref.
on 2d pref.. (5 '200,000 (5)200,000 (5)200,000 (4)160,000 sage:
do
"It is hereby ordered by the City Council that the
on common (5)350,000 (5)350,000 (5)350,000 (4)280,000 local transportation committee of said Council cease all negodo
N77.743
980,854 tiations contemplating the granting of a franchise to any of
877,347
888,169
Total
148,951 the present existing street railway companies and all nego353,114
368,187
482,996
Balance, surplus
tiations with said companies excepting those looking to the
SHEET
JUNE
30—
ALL
COMPANIES.
CONDENSED BALANCE
purchase of the properties of said companies." The City
1905.
1904.
1903.
1, OSS, 691
41,114
—
—
.
.4
ssets
—
s
$
Property (including stocks and
bonds of proprietary companies) 18,143,217
389,200
Bonds and stock In treasury
309,973
Incl. dep. with trustee)
491,970
Coal and lumber agents
79,953
Companies and individuals
s
9,291
17,993,018
389,200
392,366
428,290
44,101
215,189
317,234
5,842
16,476,106
389,200
1,550,720
294,293
59,059
186,923
177,886
22,177
264,720
19,821,679
19,785,241
19,421,025
12,525,000
4,446,000
125,099
Accounts payable
108,398
Unpaid vouchers
137,312
Unpaid pay-rolls
18,525
Interest on bonds
- accrued
19,675
151,354
op'v'ts & "exhaustion fund".
20,761
Ianeous
Surplus fund of proprietary companies depos'd with Pac.CoastCo.
107.589
2,161,965
Profit ami loss
12,525,000
4,446,000
9,952
148,818
152,970
18,525
17,723
136,563
19,623
12,525,000
4,446,000
37,898
137,411
109,828
18,525
18,443
264,720
16,410
599,388
1,710,677
1,364,153
19,821,679
19,785,241
19,421,025
San Francisco ottice
Materials and supplies
398~075
ianeous accounts
Depreciation and renewal fund
—
Total assets
Liabilities
Stock isee "Ry. and Ind." Section)
First mortgage bonds
Total
liabiliti--.
482,638
-V. 81, p. 1178.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Alabama Great Southern
RR.— Report. — The
results
for
the year ending June 30 wen-:
ir.
Gross.
Nit.
1904-05 ...$3,308,300 $601,325
1903-04... 3.099,445 624,925
Oth. inc.
Charges.
$51,226 $327,567
19,977 324,290
80, p. 23
Dividends. Bal.,sur.
.,
<
l
85, 437
(6)185,437
$139,547
135,175
RR. —Bond
Boston & New York Air Line
Issue.- This
mpany, whose property is operated under 99-year Lease by
Hartford RR. at an animal
the New York New Haven
rental equal to interest on bonds and 4% on preferred stock,
has called a meeting of its shareholders for Nov. 13 to authorize an issue of $5,000,000 mortgage bonds to provide for
Improvements, etc., including the double-tracking of 'Inline from New Haven to Willimantic, '->! miles.
The
of $500,000 first mortgage 5s of 1880 matured on Aug
L905
ken up by the N. V. N. II. & H. RR. o.
V.
<y.
i
!
(
p.
I
L039.)
Carolina Northern RR.
Sold. -Al the foreclosure sale
at Raleigh, N. C, on Oct. 17 the property was bid in by
the first mortgage bondholders' committee for a sum tated
as $268,000.— V. 81, p. 72.5.
Carson & Colorado RR. —Successor Company.— Bee Nevada & California Ry. below.—V. 71, p. 1310.
Council also passed a resolution against passing any franchise ordinance which had not first been submitted to the
people and approved by them.
The 20-year franchise ordinances of the Chicago City Ry.
and the Chicago Union Traction Co. were presented to the
City Council on Oct. 4 and Oct. 12, respectively, following
generally the tentative offer in V. 81, p. 1043, 558.
Chippewa Valley Electric RR. Change in Control.
local syndicate has purchased the Appleyard interests in
this company and elected as officers: President, O. H.
Ingram; Vice-President, John S. Owen; Treasurer, E. A
Buffington; Secretary and Manager, George B. Wheeler.
V. 78, p. 819.
Cincinnati New Orleans & Texas Pacific. Ry. Report.
The results for the year ending June 30 were:
—
—
—
Gross
Net
Other
Deduc5% Balance,
Year.
earnings,
earnings.
inc.
tions.
on pre}, for com.
1904-05 ...$7,358,618 $1,717,770 $34,408 $1,369,788 $100,000 $282,450
1903-04 ... 6,768,744 1,597,421 33,251 1,256,348 100,000 274,324
Fiscal
From
of
3%
the balance, as above, in 1904-05 was paid a dividend
on common stock on June 15 1905, amounting to
All other
890,000, leaving surplus for year of $192,450.
dividends paid on common stock have been out of accumulated surplus.
Deductions as above include $145,990 for
permanent and additional improvements and new and additional tracks, etc., in 1904-05, against $80,225 in 1903-04.
V. 80, p. 2620.
Colorado & Southern Ry.— See Wichita Valley RR.
below.— V. 81, p. 1169. 1099.
Cripple Creek Central Ry. First Dividend on Common
Stock.
This company, successor of the Denver & Southwestern Ry. (foreclosed in October 1901), has declared,
along with a quarterly dividend of 1% on its $3,000,000 preferred stock, a first dividend of
/ for the year ending
Sept. 30 1905, on the 82,500,000 common stock.
Both dividends are payable Oct. 2~> to holders of record Oct. 18. The
bondholders of the old Denver & Southwestern Ry. received
in
the reorganization r>0% in the new preferred stock and
'>()'
in the new common.
V. 81. p. 210.
Darien & Western RR. -Extension
This road, which
extends from Darien to Ludowici, Ga., lo miles. i£ being
tided on the west 20 miles to connect with the Reidsville
& Southeastern at Glenville
The latter road runs northterly from Glenville 2:5 miles to Collins, a point on the
—
—
W
!
,
t
—
,
—
.
annah
.v
Montgomery
division of
i
lie
Seaboard Air Line.
of New
being financed by Mackay & Co
York.
It is proposed later to consolidate the property Into
one company, probably under the name of the Darien iV
Western, and to further extend the road.
The
project
is
.
THE CHRONICLE.
RR. —Fore- miles. Through
1242
Dayton
Lebanon
&
Cincinnati (Electric)
suit has been filed in the Common Pleas
Court at Lebanon, O., against this company by the New
York Trust Co. for the foreclosure of mortgage for failure
to pay interest on the $2,000,000 bonds.— V. 80, p. 1478.
Mackinac Ry. Report. The results for the
Detroit
closure Suit.
—A
—
&
—
year ending June 30 were:
Net.
Charges.
5%onPr.
$355,784
378.158
$167,494
164.178
$47,500
47.500
Gross.
Year.
1904-5
1903-4
V. 79, p. 2145.
—
$990,555
981.315
Bal.,Sur.
$140,790
166,480
—
[Vol. lxxxj..
standard-gauge sleeping cars are
now run
from San Francisco to Tonopah and Goldfield over this
company's line and the connecting Tonopah RR. The
Southern Pacific Co. owns all the outstanding stock ($4,380,000) and also the $2,000,000 4% bonds of the Carson &
Colorado which remain outstanding.
No new bonds have
been
authori/.<
<1.
New York New Haven & Hartford RR. — New Bonds for
Leased Line. — See Boston & New York Air Line RR above.
Sale of Bonds. —The $750,000 Providence & Springfield
RR. first mortgage 5s due July 1 1922, which for some
years past have been held in the treasury of the New York
New Haven & Hartford, being included in the balance
sheet under the heading "Stock and bonds owned," have
been sold to Mackay & Co. The road was leased in 1896
for 93 years to the New England RR. at 4% on the $517,450 stock, interest on bonds and other charges. This lease
was assumed by the New York New Haven & Hartford,
which owns $438,350 of the P. & S. stock and is preparing
The directors were alto
to absorb the New England RR.
recently reported as voting to consolidate the Providence &
Springfield, but we have been unable to get this report confirmed.
Improvements in New Haven. At a recent meeting of the
Board of Aldermen of New Haven, Conn., the new proposition of the company to widen its cut through the city was
agreed to. The cut mentioned is 8,000 ft. long, -rnd over
it there will be 12 steel bridges to replace existing wooden
structures.
The cost of the work, it is said, will be about
$5,000,000.— V. 81, p. 1044, 1039.
Northern Pacific Ry. New Director. Grant B. Schley
has been elected a director to succeed Robert Bacon, now
Assistant Secretary of State.
Report.
See page 1237 of 10-day's issue. V. 81, p.
1101, 614.
Ohio Connecting Ry. Sale of Bonds.
Newburger Bros.
& Henderson and Sailer & Stevenson, both of Philadelphia,
have jointly purchased the unsold portion of the $2,000,000
gold bonds, guaranteed principal
first mortgage 40-year
and interest by the Pennsylvania Company. V. 81, p. 1044,
669.
Div. Balance
Int. on
Other
Net
Pacific Gas & Electric Co., San Francisco.
Bond Issue.
Gross
Bds., Etc. Paid. Surplus. This company, incorporated in California last week
Inc.
Earn.
Earn.
Fiscal Year.
with
$1,714,703 $402,317 $17,593 $284,233 $77,560 $58,117
1904-5
.
1903-4"!
415.077 16,338 287,529 77,560 66.325 $30,000,000 of authorized capital stock ($10,000,000 6%
1,693,541
on first preferred and cumulative preferred), per plan of N. W. Halsey & Co., has
The dividends as above include
called a meeting of its shareholders for Dec. 19 to authorize
year.
V. 81, p. 155.
in
each
preferred
on second
the issue of $10,350,000 5% 30-year general mortgage and
Hudson Street RR., Jersey City. Ally of Hudson collateral trust gold bonds, to be secured by a first lien upon
{Tunnel) Companies. This company was incorporated in all shares acquired in the San Francioco Gas & Electric Co.
New Jersey on Monday with $3,000,000 of authorized capital and of the California Gas & Electric Corporation. The enstock for the purpose of constructing street railways in Hud- tire issue is to be devoted only to the acquisition of the stock
son County, N. J., as feeders for the tunnels of the Hudson of the San Francisco Gas & Electric Co. See V. 81, p. 1175.
Companies. The directors and officers:
This company, with $3,000,Incorporated.
Pacific RR.
Directors. — Pliny Flsk, William M. Barnum and Wilbur C." Flsk: Walter
G. Oakman, President of the Hudson Companies: William O. McAdoo, President of 000 of authorized capital stock, filed articles of incorporation
Director
of
the
Interboroueh
Andrew
Freedman,
the Hudson & Manhattan RR. Co.;
The road is proRapid Transit Co.. and David Young of Newark, a former official of the North Jersey in the State of Washington on Oct. 13.
RR Co
Seattle to Wallula, Wash., and it has
run
from
to
jected
Andrew
Freedman;
McAdoo;
Vice-President,
William
G.
President,
Oflicers.
Secretary. K. B. Conger; Treasurer. William C. Kinney.
taken over the tidewater lands recently acquired in the name
Lehigh Valley RR. Sale of Bonds. The company has of James T. Woodward, President of the Hanover National
It is rumored that the new line will be
sold to Drexel & Co. $7,000,000 of the new collateral trust Bank of New York.
bonds, to be secured by pledge of the stocks of Coxe the western end of the Chicago Milwaukee & St. Paul. H.
Brothers & Co., incorporated, and the Delaware Susque- R. Williams, formerly General Manager of the last-named
hanna & Schuylkill RR. The authorized issue of these company, is reported to be President
bonds, is understood, to be $19,000,000, and Coxe Bros. &
Southern Pacific Co. Extension of Subsidiary Line. See
Co., it is stated, have agreed to take not less than 70% of Nevada & California Ry. above.— V. 81, p. 900, 778.
the purchase price of their properties in the new issue.
South Charleston Washington Courthouse
Springfield
The "Philadelphia Ledger" adds:
Chillicothe Traction Co.
Sale.
At Springfield, O., on
&
have
been
purchased
fraction
properties
for
a
Coxe
the
that
said
It is
Oct. 16 Judge A. H. Kunkle ordered the receiver to sell
ess than $15,000,000. and the remainder of the bond issue may be used
in buying up several small hard coal properties that will greatly increase the property.— V. 80, p. 1112.
the Lehigh Valley's tonnage.
Tennessee Ry. Mortgage. This company, which owns
According to the elaborate tabulation made by the a road extending from Oneida, Tenn.,to Buffalo, 16 miles,
"Bond Record" in 1896 the Delaware Susquehanna & and has under contract an extension of 21 miles, the entire
Schuylkill RR. Co. (including presumably all the coal areas line to be 75 miles in length, has made a mortgage to the
of Coxe Bros.) then owned 6,822 acres of coal lands in Standard Trust Co., as trustee, to secure an issue of $2,500,the Lehigh region, containing unmined over 67,000,000 tons 000 of 5% bonds of $1,000 each.
These bonds are dated
of coal, and controlled by contract 486 acres containing an July 1 1905 and are due July 1 1935, with interest payable
unmined tonnage of 2,500,000 tons, the total tonnage ship- Jan. 1 and July 1 in New York. Amount outstanding
ment for 1895 having been 1,905,784 tons. V. 81, p. 1175, $250,000. The President is Bird.M. Robinson and the
1100.
Secretary and Treasurer, M. T. De Vault, 1403 Hanover
Live Oak & Gulf Ry. Consolidation. See Florida Ry. Bank Building. N. Y.
above.— V. 75, p. 793.
Toledo St. Louis & Western RR.— New Officer. James
Massachusetts Electric Companies. Dividends from Sub- Steuart Mac Kie has been elected Secretary and Treasurer,
Companies. This company's subsidiaries, it is announced, vice Charles E. Spencer, resigned. V. 81, p. 32.
Boston & Northern Street
will pay dividends as follows:
United Railways of St. Louis. Extension of Syndicate.
Ry., 2%, contrasting with 23^% in 1904; Old Colony Street Brown Bros. & Co. of New York announce the extension
Ry., 2%, against 3% last year. The money representing for one year of the syndicate formed by them in connection
these dividends will all, or practically all, be paid into the with the Transit Company and United Railways merger in
V. 81, October 1904. The syndicate, according to the "St. Louis
treasury of the Massachusetts Electric Companies.
841.
976,
p.
Globe Democrat," has paid back to holders of participation
Mexican Central Railway. Application to List. The New certificates 113%, the balance due being between 4 and 5%.
York Stock Exchange has been asked to list $5,784,000 V. 81, p. 213.
Wabash RR. Mr. Jeffery Made Chairman. George J.
additional capital stock, making the total listed $53,265,100.
Gould has resigned as Chairman and has been succeeded
—V. 81, p. 1044, 1040.
Nevada & California Ry. Successor Company Extension. by E. T. Jeffery.
We have confirmed the statement that at the
Vote.
This company, incorporated by the Southern Pacific inlast week Joseph Ramsey Jr. voted on $3,804,200
of
authorized
election
capital
$15,000,000
with
April
last
terests
debenture bonds, while Mr. Gould
stock, has taken over the 300 miles of road owned and op- stock and $3,184,000
stock and $22,851,000 debenture
on
$46,146,700
and
is constructing an
voted
Ry.,
Colorado
&
Carson
the
by
erated
extension from Fort Churchill to Hazen, Nev., about 28 bonds.— V 81, p. 1176, 900.
—
Transfer of Control. The
Evansville & Terre Haute RR.
report of the Chicago & Eastern Illinois RR. on another
page of to-day's "Chronicle" states that the company has
taken over $2,678,100 of the common stock ($3,987,383) of
the Evansville & Terre Haute RR., being a majority of the
company's entire share capital.
Report.— See page 1240 of to-day's "Chronicle."— V. 79,
p. 2082.
was
Florida Railway. Consolidation. This company
formed on Sept. 1 by consolidation of the Suwanee & San
Pedro RR. and Live Oak & Gulf Ry. (V. 75, p. 793) The
road is in operation from Perry to Live Oak, 52 miles, with
branches to Alton and Lauraville, aggregating 7 miles. An
Frank
extension from Live Oak to Fernandina is proposed.
Drew is President, Live Oak, Fla. The affairs of the new
company are now being arranged. At present the company
has a collateral loan of $195,000 with the Southern Investment Co. of Richmond. It is proposed to extend the road
from Live Oak to Fernandina, 85 miles, and from Perry
west total about 225 miles main line.
Galveston Harrisburg & San Antonio Ry. ConsolidaThe consolidation with this company of
tion Completed.
the following allied lines of the Southern Pacific system
was recently completed, the deeds of transfer being filed
New York Texas & Mexican, Gulf Westfor record, viz.
ern Texas & Pacific, Galveston Houston & Northern,
San Antonio & Gulf and Gonzales Branch. V. 81, p. 668,
211.
Georgia Southern & Florida Ry. Report. The earnings
for the year ending June 30 1905 compare as follows:
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4%
—
—
—
5%
—
4%
—
—
—
—
—
—
—
4%
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
1
Oct.
'1
1
1
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THE CHRONICLE.
905.
— At
New Directors.
directors were elected
Western Maryland RR.
meeting on Oct.
L8
and
the annual
retired as
follows:
—
Frederick A. Delano, Sowardl Gould, Now 5Tork; Gardiner M.
New.
Lane of Boston, E. L. Fuller of Scranton, IVuii., and W. A. Wilbur of
South Bethlehem, Penn.
George J. Gould, Winslow s. Pierce, F. S. Landstreet,
Edwin Gould, John W. Gates, James 11. Hyde. Lawrence Greer ami S.
Da\ii's WartieM.
Joseph Ramsey Jr., W. H. Melntyre, A. H. Calei, 11. 0.
Deminf, H. B. Benson.
Alexander Robertson heretofore General Manager of the
Terminal Railroad Association of Sf Louis, has been appointed General Manager of the Western Maryland.
Consolidation.
The shareholders at a special meeting
on Oct. 19 voted to consolidate with the company the
several controlled lines mentioned in the report on p. 1240
of the present issue.
Report of Syndicate Managers on Conditions and Prospect.-. —Sec V. 81, p. 076, 900.
[.
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,
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Wichita Valley RR. Successor Company. This corporation was organized under the laws of Texas on Oct. 13, the
incorporators including B. F. Yoakum and Edwin Hawley
of New York and Frank Trumbull of Denver, President of
the Colorado Southern, to acquire the Wichita Valley Ry.,
which runs from Bvers to Seymour, Tex., a distance of 75
The road connects with the Fort Worth & Denver
miles.
division of the Colorado it Southern, which, it is expected,
V. 78, p. 1277.
will presently take over the control.
T
Wichita Valley Ry .—Sale. See W ichita Valley RR.
—
—
V. 7S, p. 1277.
Wisconsin Central Ry. New Officers. W. A. Bradford
Jr has been elected a director in place of Ed. W. Sheldon,
Geo. M. dimming, recently elected a director,
resigned.
becomes a member of the executive committee, and General
Counsel Howard Morris has been made Vice-President.
Report.— See pasrc 1237 of this issue.— V. 81, p. 1170, 842.
Worcester Railways & Investment Co. Change in Dividend Period. The trustees have changed the dividend dates
from February and August to May and November, and to
adjust the dividend for the period from Aug. 1 1905 to Nov. 1
1905 have declared a dividend of $1 per share, payable
Nov. 1 1905, to shareholders of record Oct. 23. V. 80,
p. 221.
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—
—
—
Yosemite Valley RR. New Directors. At San Francisco
on Oct. 10 the following new directors were elected: William
H. Crocker. Henry T. Scott, N. D. Rideout and Dr. Harry
L. Tevis.
The old directors who remain in office are:
Thomas Prather and W. W. Garthwaite of Oakland and
Frank G. Drum, President. Construction, it is announced,
has begun on the extension of 70 miles into the Yosemite
Vallev and will be finished within the next year.
See
—
V. 81, p. 509.
1243
Central Leather Co.
and
Officers.
—The
following
directors
were announced on Wednesday:
officers
Bdw&rd 0. lloyt, A. Augustus Healy, Walter <:. Qarritl ;• a
Valentine. Nathan Allen. Eugene Horton, BamueJ P. Davidge, J. Offdea
Armour. John J, Laphara, Paul M. Warburg, Lewis ii Lapharn Prank
Healy, 1.. 0. KrauthofT, George W. Cbllds, Charles Wallen, Henn l*
Darlington, C. Sumner Horton,
President, Edward C. Hoytj Firsl Vice President, \. Augustui Healy
s, 'cunc Vice- President
Walter Q, Qarritt; Third Vice President, John J
Lapham; Treasurer, James K. Plum; Secretary, n. W. Hill.- \ 81 i>
,
i
117i',,
77<).
&
Steel Co., Sidney, Cape Breton.
Dominion Iron
The fiscal year having been changed to end May
Report.
Profits on sales, S;>(ili,()(iL> (against
31, the report shows:
S12 ,755 for calendar year 11)04); rents, etc., |4,796; tolal
income, S370.S59 Deductions: interest on bonds, $194,862;
interest on loans, $81,048; sinking fund, $23,417; balance',
The rail mill began operations OD June 14
surplus, $71 .532.
and. it is said, will shortly be able to produce from 800 to
,000 tons every 24 hours.
New Officer. L. J. Forget, of Montreal, has been elected
first Vice-President, vice Frederick Nicholls, resigned.
Y. 81, p. 33.
Iron Co. New Directors. At the anColorado Fuel
nual meeting on Oct. 16 the representatives of John D.
Rockefeller on the Board of Directors were succeeded for
business reasons by friends of George J. Gould, the changes,
etc., being as follows:
New Directors. Edwin Gould, E. T. Jeffery, Winslow S. Pierce and
Alvin W. Krech.
Retired.
J. D. Rockefeller Jr., E. Parmalee Prentice, F. T. Gates and
Starr J. Murphy.
F. J. Hearne, D. C. Beaman, George J. Gould, Benjamin
Re-elected.
Nicoll, J. H. McClement, J. H. Hyde, E. W. Oglebay, Edwin Hawley
and E. H. Harriman. Executive Committee George J. Gould, Chairman (succeeding F. T. Gates); Winslow S. Pierce, E. T. Jeffery, Benjamin Nicoll and F. J. Hearne.
The press dispatches give the following data
Report.
from the report for the fiscal year ending June 30 1905:
—
I
—
1
—
&
—
—
—
—
—
Gross earnings, 318,615,017, an increase of 86,763,687 as compared
with the preceding year; net earnings, $1,474,193, increase $1,306,378:
total net earnings from all sources, $1,922,047; after the payment of all
fixed charges and sinking funds there is a deficit of $341,922, carried to
the debit of profit and loss.
President Hearne attributes the deficit to the coal strike,
which lasted from Nov. 1903 to Oct. 1 1904. The outlook
—
considered bright.
V. 80, p. 2460, 1726.
Crucible Steel Co. of America.
Bond Authorization Rescinded.
In view of the statement made in the annual
report (V. 81, p. 1172) regarding the improved financial
condition of the property, the shareholders at the annual
meeting on Wednesday passed unanimously the resolution
of the management rescinding the authorization of the
$7,000,000 bond issue approved a year ago.
Dividend. The belief is expressed in official circles that
the improvement in the condition of the company's finances
will lead to the resumption of dividends on the preferred
stock ($24,436,500,
cumulative) within a few months.
The last distribution of preferred shareholders was made
Oct. 1 1903,
per annum having been paid regularly,
since October 1899 until that date.
V. 81, p. 1172, 214.
Gottlieb -Bauernschmidt-Straus Brewing Co., Baltimore.
Imterest on Income Bonds.
Notice is given that l^i% interest has been declared on the second mortgage income bonds,
payable on and after Nov. 1 1905 on presentation of coupon
No. 5 at the office of Mercantile Trust & Deposit Co., Balti-
is
—
—
7%
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Locomotive Co. New Directors. C. A. Coffin,
—
President of the General Electric Co., and E. C. Converse, a
director of the United States Steel Corporation and President
of the Liberty National Bank, have been elected directors of
the American Locomotive Co., to succeed W. Seward Webb
Hoadley. V. 81. p. 898, 840.
and George
American Malting Co. Plan Operative. The plan for
reduction and readjustment of the capital of the company,
dated July 6, has been declared operative by the committee.
Application will be made to the Stock Exchange to list the
certificates of deposit of the Standard Trust Co.
Called Bonds.
Ninety-six (.596,000) first mortgage 6 p. c.
bonds of 1899. drawn for redemption, will be paid at the
Guaranty Trust Co., New York, on Dec. 1 at 105 and inter81, p. 1176, 842.
—
W
—
7%
—
—
—
more. The same amount was paid last May and in November 1904.— V. 80, p. 1974, 1426.
Manufacturers' Fuel Co. Liquidation. A press dispatch
from Chicago states that this compan}', formerly the Weaver
Coal & Coke Co. of Illinois, having sold its property, will go
into liquidation.
The company's coal lands, coke ovens and
equipment were recently purchased by the Western Maryland RR.; compare statement for that company under
"Annual Reports."— V. 80, p. 1426.
American Telephone & Telegraph Co. Output. The outMergenthaler Linotype Co. Earnings. The ,net profits
put of instruments (each telephone being two "instruments,"
for the year ended Oct. 1 1905 were $2,204,520, contrasting
viz., one receiver and one transmitter) for the month and
w ith $2,383,296 the previous year. Dividends at the rate
nine months ending Sept. 30 was:
of 15% per annum (the quarterly rate being 2]/^°7
and an
Month
9 Months
_ _ _ „30—
having
extra
been
paid
last December) call for $1 ,500,000.
5%
To Sept.
1905.
1904.
1905.
1904.
V. 80, p. 1733.
Gross output (number;...
160,813 106,305
1,301,058 876,609
Net output Oiumber)
109,119 67,952
843.653 501.684
Pacific Coast Co.
Sale of Bonds.
The company has sold
Total outstanding
5,324,217 4,281,201
to Blodget, Merritt & Co., Boston, the remainder ($554,000)
—V. 81, p. 779,670.
American Type Founders Co.— Report.— The results for of the issue of $5,000,000 first mortgage 50-year 5s. The
proceeds will be used for the construction of a new ship
the year ending Aug. 31 were:
to cost about $850,000.
(See p. 1241).
Fiscal
proas
Interest
Net
7% on
4% on Balance,
Report.
See 1241 of this issue.
V. 81, p. 1178.
Year.
Earn'gs.
Charges. Earnings. Preferred. Common. Surplus.
1904-05.. $43J, 170 1104,956 $329,514 $127,708 S160.000 $41806
Pennsylvania
Malleable
Steel
Co.
Change in Control.
1903-04.. 439.223
:U0,949
92,274
111.435
160,000
75 514
See Pressed Steel Car Co. below.— V. 70, p. 692.
V. 81. p. 976.
Pressed Steel Car Co. Acquisition. This company, it is
Bush Terminal Co.— Bond Sale. The company has sold
to !'..I. Lisman A Co. $1,500,000 of its first consol.
announced, has obtained a controlling interest in the Pennmortgi
bond.-.
The proceeds will be used, as provided under the sylvania Malleable Steel Co. (V. 70, p. 692) and the Central
term* of th- mortgage, for a new pier, warehouses, etc., etc., Malleable 00.
II. Schoen was President
of both eonto be constructed during the next twelve months.
The share capital of the two companies, it is stated,
is.
This will
make outstanding within lie lime named 84, 250 ,000 of the aggregates $900,000, the control costing the Pressed Steel
authorized issue of 110,000,000; of the remainder, 84,459,000 Car Co. $1,000,000 or* more. —V. 81. p. 672.
is reserved for underlying liens.
V. 80, p. 1177.
Procter & Gamble Co.
New Plant New Stock. The
Car
m of Redemption Clause. The privilege of re- company has purchased 68 acres of land on Staten Island,
deeming the fir.-t consol. bonds after ten yean is to he re- New York City, and will erect thereon a large plant, which,
voked.
A meeting of the stockholders will shortly be called with the land, will represent, it is said, a total outlay or
to take the necessary action to this effect, so that the bonds about
The "Cincinnati Enquirer" of Oct. 10
$3,000,000.
shall run to maturity, 1955.
V. SO, p. 1177.
states that in order to provide funds to pay for this purpose
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I
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J
THE CHRONICLE
-244
the company will on Jan. 1 1906 issue $3,000,000 of common
stock at 50 (par $100; to holders ol common stock at the
ratio of one new share for every two shares of common held;
the remainder of the money needed to be supplied from the
surplus in the treasury.
V. 80, p. 240:i.
Pullman Company. Report. The results for the years
ended July 31 1905, 1904, 1903 and 1902 compare as follows:
—
—
—
.
Total
Balance,
Dividends
Total
Net
surplus.
paid,
surplus,
revenue.
nnome.
$2(5,922,022 $10,054,554 $5,919,982 $4,134,572 $22,151,946
Fiscal
year.
I
8%
1904-05
1903-04
1902-03
1901-02
24,788,729
23,120,713
20,597,903
9,661,601
9,417,687
8,935,674
5,919,976
5,919,968
5,919,923
18,017.374
14,275,749
10,778,030
3,741,626
3,497,719
3,015.751
i
I
The
number
total
an increase
of
about
1904-05 shows
V. 80,
over the previous year.
of passengers carried in
12%
p. 1916.
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Republic Iron & Steel Co. New Officers. At the annual meeting on Wednesday E. J. Berwind and S. G. Cooper
were elected directors, succeeding C. H. Wackcr and John
W. B. Oglcsby was recently elected a director to
Crerar.
succeed P. L. Kimberly, deceased. On Thursday S. G.
Cooper of Pittsburgh was elected President and Charles S.
Guthrie Chairman of the board, succeeding A. W. Thompson and Col. G. Watson French, respectively. The executive committee now consists of S. G. Cooper, Charles S.
Guthrie, Grant B. Schley, L. C. Hanna and John W. Gates.
Accumulated Dividends. The question of providing for the
dividends that have accumulated on the 7% preferred stock
since Oct. 1 1903, the date of the last distribution, has been
placed in the hands of the executive committee, with instructions to report to the board.
An official announcement on the matter is expected within a few days.— V. 81,
p. 781, 269.
Standard Milling Co. Report. The results for the fiscal
year ending Aug. 31 were:
Net
Insur'ce Balance
Bond
Div. on
—
—
Fiscal Year.
1904-05
1903-04
—V.
Profits.
$391,746
1,084,213
79, p. 1954.
—
Interest.
Pre}. Stock.
Fund.
$180,209
169,839
(2%)$137,757
(1%)68,867
$25,000
Surplus.
$73,780
—
820,507
—
Union (S. C.) Cotton Mills. Reorganization. E. W.
Robertson. President of the National Loan & Exchange
Bank of Columbia, S. C, has been elected President and
Treasurer, and the question of adjusting the indebtedness
has been referred to a committee consisting of Mr. Robertson,
H. C. Fleitman, New York; William Winchester, Baltimore,
and John A. Law, Spartanburg. The indebtedness of the
Union Mills is said to be about $2,700,000 and that of the
allied Buffalo Cotton Mills $1,800,000.
—
—
I
I
(Vol lxxxi
The company is a North Carolina corporation (capital stock
S10. 000,000; formed lor the purpose of building a hydraulic-electric
power plant at "The Narrows" on the Yadkin River in the central part
of North Carolina and to supply electrii
to the numerous cotton mills and other consumers of power fa the vicinity, and for the
further development ol valuable granite quarries and low-grade gold
ore located on the property.
The mortgagi is a first lien on (1) lands
in Rowan, Cabarrus, Stanly, andfMontgomery counties, covering 7,553.65
acres; (2) all dams, machinery, transmission lines, etc.; (3) Whitney
KR., 10 miles in length, connecting Whitney, where the dam is being
built, with the Southern Railway at New London.
The mortgage further
'i- tiii- entire- capital .stock of the following subsidiai
nies,
none of which has anv bonded or floating debt, viz.: Yadkin River Electric Power Co, stock, 85, 000,000; Yadkin Land Co. stock, SI, 000, 000;
Yadkin Mines Consolidated Co. stock, 81,000,000; Barringer Gold Mining
Co. stock, 81,000,000; Rowan Granite Co. stock $1,000,000; Yadkin &
Virgilina Copper & Land Co. stock 8750,000. all deposited with the
trustee,
The subsidiary companies own about 5,772 acres of land,
making a total land' d estate of about 13,326 acres. All plans and
estimates for the power plant were prepared by Chief Engineer J. J.
Kennedy, 52 Broadway, New York.
The canal, 4'A miles fa length, has a capacity of over 3,300 cubic
feet of water per second, and a storage above the dam sufficient with
the available li< ad of 120 feet, to develop 50,000 horse power per working day
the electrical equipment will supply 40,000 horse power.
The dam will be of massive •granite masonry 38 feet high; width at
top 12 feet and at bottom 58 feet; and length 1,000 feet. All the property on either side of the river subject to overflow has been purchased,
also both Bides of the river for a distance of 5 miles below the power
house, having within that distance a fall of 120 feet, sufficient to enable
the company to develop 50,000 horse power additional.
The cost of
construction of the dam and canal, building of power house, installation of machinery and transmission lines, will be at the rate of 860
per water horse power. Total value of the properties embraced within
the mortgage is estimated at 89,000,000.
Within a radius of 50 miles from the power station there are 44 towns
having a population of over 100,000. There are cotton mills now running
in this district as follows: Within 50 miles, 78 factories, approximate
horse power 27,500; within 80 miles, 257 factories, approximate horse
power 73,000. Nearly all the mills now use steam power. The largest
cotton mill (00,000 spindles and 2,000 looms) ever built in the South
has just been finished at Greensboro, within the radius of our company's operations. So far no contracts have been signed but we could
now contract for the entire development, viz.: 40,000 electrical horse
power at remunerative rates. The operation elsewhere of factories,
particularly textile mills, by means of electric motors, proves conclusively that the use of electric power will effect a large saving, and
that there is a demand for it.
From the most conservative estimates obtainable, it is my belief
that the company will earn 8630,000 per annum, gross, from the sale
of electric power alone; deducting from this sum the annual operating
expenses 897,000, and 8270,000 for interest upon the bonds, there remains a surplus of 8263,000 per annum. In addition, further profits
The
will accrue from the sale of lands, granite and mining operations.
cost of developing horse power by steam with coal at 83.60 per ton is
from 835 to 850 per horse power per year, and if the company realizes
but 60% of the cost of steam power, our income will considerably exceed
the earnings mentioned herein.
(The company expects to sell power
at about 820 to 825 per horse power per annum.)
Provision has been
made for the payment of interest during the period of construction.
The directors are: George I. Whitney, President, Pittsburgh, Pa;
E. B. C. Hambley, Vice-President, Salisbury, N. C; H. L. W. Hyde,
Secretary, Pittsburgh,- Pa.; Francis L. Stephenson, Treasurer, Pittsburgh, Pa.; J. B. Finley, Pittsburgh, Pa.; A. W. Herron, Pittsburgh,
Pa.; C. S. Ritchie, Washington, Pa.; J. B. McClelland, M.D., Pittsburgh,
Pa.; Edward Popper, New York.
—
United Box Board & Paper Co. Trade Agreement. The
announcement is said to have emanated from the
The work of construction is now more than 25% comNew York office: "Ninety-five per cent of the boxboard pleted, and is being rapidly pushed.
manufacturers of the country have organized for the purpose
of maintaining prices.
This agreement has been followed by
Announcement has been made by the Superior Jury
an advance of about $5 per ton." The agreement, it is
reported, includes sixty-eight manufacturing companies, of the awards in the Electrical Department of the Lewis &
with a daily capacity of 2,000 tons, leaving less than a half- Clark Exposition. The gold medal is the highest award,
with silver and bronze medals for less important subjects.
dozen plants operating outside of the organization.
following
—
—
Plan. The plan of recapitalization remains in statuo
quo. As now contemplated, it calls for the making of a
general mortgage of $2,750,000 and a trust debenture bond of
$1,750,000, the latter to re-acquire the controlling interest in
V. 80, p. 1975.
the American Strawboard Co.
—
Weaver Coal
&
Coke,
Illinois
—
Sale.
—See
report
of
Western Maryland RR. on page 1240, Manufacturers' Fuel
Co. above, and Weaver Coal & Coke Co. of Maine below.
V. 77, p. 1546.
Weaver Coal & Coke Co., Maine.
"Manufacturers' Record" says:
The Weaver Coal & Coke Co. has been chartered
-New Company.
under the
—The
law
of Maine, with a
capital stock of SI, 000, 000, for the purpose of developing a large coal and coke
Industry near Crossville, Tenn. This company will erect a coke plant at a cost of
about S100.000 and construct a line of railroad seven miles long from the mines to
Henry E. Weaver of Chicago is President;
Crossville, on the Tennessee Central RR.
J. C.Van Blarcom of St. Louis, Mo., Vice-President, and William Ramsey of Chicago,
General Manager. Chicago offices in the Marquette Building.
—
Compare Manufacturers' Fuel Co., above. V. 81, p. 851.
White Portland Cement Co. Assignment. A press
dispatch from Ann Arbor. Mich., on Oct. 9 states that this
company has made an assignment to H. Claude Guerin
•
of Chelsea.
—
—
"Indebtedness $262,631; assets, $64,612."
The prize given for the best exhibit in the Electrical Department is a gold medal (highest award) and has been awarded
to the General Electric Company of Schenectady, N. Y.
The Curtis Steam Turbine, which received the Grand Prize
at the St. Louis World's Fair, again received the highest
award. Besides these the company, we are informed,
receives 17 other highest awards on its electrical exhibits,
locomotives; meters and instruments;
switchboards; railway motors and controllers,
mercury arc rectifiers and arc and incandescent lamps
are among the subjects for which gold medals are awarded.
electric
electrical
mining
—
Mackay & Co., New York and Boston, have issued an
elaborate chart, compiled by their statistician, Henry B.
Gould, showing for 54 leading railroads not only their funded
debt, capital stock, earnings, gross and net, fixed charges
and annual surplus in each case as a whole and per mile of
road, but also the changes in these items as compared with
the fifth year previous; also the amounts expended for betterments out of income, the cash in the treasury and the
percentage of gross earnings and other income applied,
respectively, to (1) conducting transportation, general expenses and taxes, (2) maintenance, (3) fixed charges. The
facts thus disclosed are highly interesting and very suggestive.
The Whitney Company (Hydraulic Electric Power) North
Carolina.—Bonds Offered.—T. W. Stephens & Co., 2 Wall
The accounting firm of Wilkinson, Beckitt, Williams
St., New York, announce by advertisement on another page & Co. of New York, Chicago and Philadelphia have rethat they and also the following banks and bankers:
cently established a fully equipped department for the
First National Bank, Pitsburgh, Pa., Fort Pitt Nat. Bank. Pitts- examination of banks, under the management of Mr. John
burgh, Pa., German National Bank, Pittsburgh, Pa., Middendorf,
Mr. Wilson was formerly Assistant National
F. Wilson.
Williams & Co., Baltimore,Md., John L. Williams & Sons, Richmond,
Examiner
The present partnership of
at Chicago.
Bank
National
Bank,
Washington,
Pa.,
Davis
& Wiley Bank, SalisVa., First
,
—
known
firm includes Mr. George Wilkinson, C. P. A.,
bury, N. C.
this well
are authorized on behalf of The Whitney Company to offer
for subscription, at par and interest, ex-November coupon,
the unsold portion, $3,000,000, of the present issue of
gold bonds.
$4,500,000 first mortgage and collateral trust
The total authorized issue is $5,000,000, of which $500,000 is
Bonds dated Nov. 1
reserved for future improvements.
1904 and due Nov. 1 1964, but redeemable at 110 and
interest on any coupon day on and after Nov. 1 1914; denomination $1,000, coupons payable May and November, at
Bankers' Trust Co., New York, trustee.
President George I. Whitney (of Whitney & Stephenson,
bankers, Pittsburgh,) wrote on Oct. 4 1905:
and Mr. Ernest Reckitt, C. P. A.
6%
—James
W. Scully and Charles A. Painter, formerly of
Sproul
& Co., have associated themselves with
Henry
Daniel Beech, at present Cashier of the First National Bank
of Brmingham, Pa., and will continue in the brokerage
business in the present offices, both at Pittsburgh and New
York, under the name of Scully, Painter & Beech.
—
Messrs. Secor & Bell, the well-known banking and
brokerage house of Toledo, Ohio, announce that Mr. Laurance B. Beckwith has been admitted to partnership in the
firm.
Oct.
THK CHRONICLE.
21 L906.]
1245
and ^Documents
Itepovts
NORTHERN PACIFIC RAILWAY COMPANY.
NINTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
To
the Stockholders
The
the
<>/
EARNINGS.
Northern Pacific By. Co,
St. 1'aul, Minnesota,
September 27 1905.
Office of the
Freight Business.
Freight earnings were $36,861,131 77, an increase of $3,862,210 27, or 11 .7% over the previous year.
The rate per ton per mile decreased from the already low
Northern Pacific Ry. Company:
Annual Report, shows the
your property for the fiscal year
following, being the Ninth
result of the operation of
30 1905.
figure of .0088 to .00832.
The revenue train-load increased from 339.04
ending June 30 1905:
to 366.52
tuns.
INCOME ACCOUNT.
The earnings per
Increase.
1905.
1904.
freight-train mile increased
Earnings:
J32.99S.921 50 $36,861,131 77
11,335,85207
Passenger
11. 105, 75294
.Mail, Express and Miscellaneous
2.419.S99S6
2,525,90188
$3,862,210 27
230,099 13
$46,524,574 30 850,722,885 72
S4.19S.311 42
Freight
Totals
Per mile (average)
Operating Expenses:
Conducting Transportation.
Passenger Business.
Passenger earnings were $11,335,852 07, an increase of
$230,099 13, or 2.1% over the previous year.
Mail earnings were $909,684 55, an increase of $16,166 84,
100,002 02
or 1.8%.
Express earnings were $830,840 00, an increase of $45,910 06, or 5.8%.
The total earnings for persons and property carried on
passenger trains were $13,076,376 62, an increase of $292,176 03, or 2.29% over the previous year.
$702 09
$9,543 44
SS.S41 35
$11,721,605 58 $12,565,739 81
$844,134 23
4,112,370 73
5,053,586 34
941,215 61
25
7,345,820 70
1,754,613 13
1,843,61169
699,867 45
88,998 56
$24,234.542 69 826.S08.758 54
$2,574,215 S5
Maintenance of Equip-
ment
Maintenance
__
of
The number of passengers carried was 5,142,891, an increase of only 23,352 over last year, and the number of passengers carried one mile was 488,522,472, an increase of
Road
andStructures
General Expenses
C, 645, 953
Totals
4,872,206.
The miles run by passenger trains were 6,786,799, an inSome service was added on
crease of 142,963, or 2.15%.
branch lines to aid in the development of the country.
The rate per passenger per mile was substantially the same
.0221 last year and .0223 this year.
The earnings per passenger train mile, including mail and
express, were $1.7125, compared with $1.7208 last year.
Per cent of Gross Earn-
52.1%
52.8%
$4,605 44
$5,044 03
$438 59
$22,290,031 61 $23,914,127 IS
$1,624,095 57
ings
Per mile (average)
Earnings:
Per cent of Gross
Per mile (average)
Less Ta-Per cent of Gross Earn-
47.9%
47.2%
$4,235 91
1,462,775 33
$4,499 41
1,601,000 00
3.1%
ings
Per mile (average)
....
Leaving:
—
$263 50
138,224 67
3.2%
$30123-
$277 98
OPERATING EXPENSES.
$23 25
$20,827,256 28 822,313,127 18
Maintenance
$1,485,870 90
Dividends and interest
on securities owned
and interest on deposits
1,483,354 38
1,921,567 03
Total number of engines on active list June 30 1904
Additions:
Purchased, Pacific type locomotives
Mikado type locomotives
$1,924,083 55
Deduct:
Interest on bonds
6,922,930 15
Rental of leased lines..
158,369 30
Dividends on stock
10,849,989 25
6,947,983 33
160,469 30
10,850,000 00
25,053 18
2,100 00
10 75
...$17,931,288 70 $17,958,452 63
$27,163 93
$4,379,321 96
9,725,655 75
Total surplus
Less amount appropriatec
.
$6,276,241 58
11,104,977 71
1,379,32196
1.104.977 71 $17,381,219 29
$3,276,24158
_.i
from income for add tions to and betterments
._'<.;
.
.
.j
.
.
number on
active
3,000,000 00
3,000,000 00-
The capacity
-
with last year
Net surplus, being balance
to credit of Profit and
ment
$11,104,977 71 $14,381,219 29
in
"
Seattle Belt Line, construction finished..
Lake Washington Branch, hitherto not operated
Extension Bitter Hoot Branch, Charlos to Darby,
struction finished
Corrections by re-chaining.
Miles.
fiscal
95,838,923 131,941,037
19,813,000
14,972,000
913
79
year
Sold, scrapped or discarded in fiscal year
992 110,810,923 151,754,037
6,501,500
77
4,191,850
Assignment June 30 1905
915 106,619,073 145,252,537
Net increase
Percentage of increase
21.60
.53
29.59
ot the
13,311,500
11.25%
10.09%
June 30 1904 the company owned 721 passenger-train
car-; June 30 1905, 749 passenger-train cars, a net increase
of 28.
Freight Equipment.
Comparative statement of number and capacity
Elkhorn
Company
10,780,150
Passenger Equipment.
7.44
02
2
0.22%
[
Montana, con-
Total
Boulder, Wickes and a part
Tot'l Weight
of Engines.
'
An arrangement was made with the Great Northern Railway
Company to use their line between Helena and Boomerang
Junction, Montana, and on April 20 1905 the Company ceased
branches in Montana.
Leased from Great Northern Railway
Total additions
on the active list as compared
shown approximately by the following state-
of total weights:
Added during
*S
the
is
Assignment June 30 1904
CJ
915
of all engines
the mileage operatedjduring
There wereadded:£
—
June 30 1905
TotT Weight
Number, on Drivers,
the year as follows:
over
list
$3,276.24158
MILEAGE OPERATED.
Changes have taken place
77
Hauling Capacity.
^Tj
of existing lines
79
In addition to five locomotives on active list sold or
scrapped, there were ten locomotives sold or scrapped from
the superannuated list, leaving eighty-five still on that fist.
:
.
18
61
—
Sold, scrapped or discarded.
$1,896,919 62
.
913
992
Total
Surplus for year
Surplus from preceding
year
operatiiiL'
Equipment.
Locomotives.
438,212 65
$22,310,610 66 $24,234,694 21
Loss...
of
Maintenance of equipment cost $5,053,586 34, an increase
of $941,215 61, or 22.9%.
All equipment in service was maintained in good condition.
Add:
Totals
from $3,035
to $3,099.
31.55
61.14
of freight
car-:
Increa-
1905-
1904
Cap
Capacity
Number. (Tons). Number. (Tons). No. (Tons).
126,674
621 ,186
17,777 495,612 20, ML'
o6
13,090
528
13,215
h
3,710
'I
16,480
521
12,770
c,s:.
28
28
685
190
ol,
a99
27,625
,243
1,342 JO, 115
2:i7.s^:i
a307
8,019 244,463
7,712
o36
223
259
4,165
,940
90,020
2.707
78,080 2,863
40,050
1.068
1,077
Capacity
On September
1 1904 a portion of the PhlUpsburg Branch, from
PhiUpsburg to Rumsey, Mont aim. v. a- taken up
6.18
Boulder Branch, Montana, operation discontinued April 20
1005
23.21
Wickes Branch, Montana, operation discontinued April 20
1905
Fruit
5.81
Elkhorn Branch, Montana, operation discontinued April 20
1905
Furniture
Refrigerator
Stock
4.41
nl
1
Coal
Net Additions
operated June 30 1904 ..
Mileage operated June 30 1905
and ore
Ballast
Total Deductions
.
ige
mileage operated during the year
21.53
5,304.15
5,325.68
5,314.95
.32,268 918.155 85,135 1,050.244
Vo'o
- JJ
28.5
<;ir
capacity per car
Total!
Pera
ircentageoflncrea
\
,'r'ge
'r'ge
.
Nolt
i
1
Flat
i
i, i,
.
S.877
1
132.089
'
----
i
i
THE CHRONICLE.
124(i
Since March 1 1904 the company has purchased 3,850
forty-ton box cars; 150 refrigerator cars; 200 forty-ton sand
and gravel cars; 500 fifty-ton coal cars, or a total of 4,700
cars; also 75 heavy freight and 18 heavy passenger engines,
all of which are now in service.
Maintenance of Way and Structures.
.Maintenance of Way and Structures cost $7,345,820 70,
an increase of $009,867 45, or 10.5%.
The property was well maintained and improved, as
shown by the following:
Permanent Way.
New second-track laid with new 85-poimd rail
36.09 miles
Main line relald witli new 85. pound rail
Main line relald with new 72-pound rail
Main line relaid with second-class 67-pound
Main line relaid with new 66-pound rail
Main line relaid with second-class 66-pound
Branch lines relaid with heavier rail
Sidings and spur tracks constructed
Track ballasted
Embankment widened
Cross-tie renewals, main line
213.17
1.37
0.24
rail
030
0.68
25.58
89.27
229.30
166.10
1,220,022 ties
636.995 "
4.36 miles
rail
Cross-tie renewals, branch lines
Timber bridges replaced by permanent structures
Timber bridges renewed..
Timber culverts replaced by stone, iron or tile
New stock fence
New snow fence
141
Main and Second
Monrtage Bond
Proceeds of sale of $9,046,550 Prier Lien
Bonds drawn from Trustee and deposited
in "Cash Fund"
Proceeds of sale of $9,000,000 Prior Lien
Bonds provided under Article I, Section
4 (2), of Mortgage
Proceeds of sale of $4,000,000 General Lien
Bonds provided under Article 1, Section
4, of Mortgage
Net moneys from land sales drawn from
Trustee
Proceeds of sale of sundry property
Interest on funds allowed by Trustee
Cash in hands of Trustee
Prior Lien Bonds in Treasury
1,10000
Accounted
434.50
131.79
78.24
49.51
42~33
529.62
94.58
1,894.11
24.15
1.53
1.34
2,748.86
2,584.79
103.29
5,436.94
real estate
to
141
06
26
54
44
00
$43,042,869 27
June 30 1904
$38,941,477 27
1 1904 to June 30
(see pre-
3,485,815 58
$42,427,292 85
Balance unexpended represented by
aCash in hands Mercantile Trust Company, Trustee "Cash Fund"
Prior Lien bonds in Treasury
Less Cash due Operating Department
$729,739 44
1,500,000 00
$2,229,739 44
1,614,163 02
615,576 42
$43,042,869 27
14,729 lineal feet.
"
6,123
2,179
"
"
"
23,031
"
"
a In addition to above cash, there is in hands of Trustee of Prior Lien
Mortgage, in "Net Moneys" account, the sum of $376,096 28 available
for future expenditures.
=4.36
miles.
Bridges as they Exist June 30 1905.
Aggregate Length.
No.
Steel, Iron and Stone Permanent Bridges 407
Timber and Combination Iron and Tim-
Lineal Feet.
Miles.
The following extensions were completed and put in operation during the fiscal year ending June 30 1905, viz:
56,152
10.64
Bitter Root Branch Extension, Charlos to Darby, Montana
7.44 miles
Seatle Belt Line, Woodinville Junction to Black River Junc-
Wadena
tion,
ber Structures
2,693
386,680
73.23
Totals
3,100
442,832
83.87
The total length of timber structures replaced by steel
bridges, embankments or in other permanent form from
July 1 1885, when the work was commenced, to June 30
1905, is 101.20 miles.
The large bridges over the Missouri River at Bismarck
and over the Columbia River at Pasco are now being re
built and will be finished duing the fiscal year ending June
30 1906.
Buildings.
The improvement
14,214,963
203.652
72.759
729,739
1,500,000
July
Bridges.
Totals...
2,920,000 00
For new equipment (see
ceding column)
2,749,369 32
Totals.
During the year 234 bridges were replaced and 26 elimnated by lines changed and abandoned; 93 were replaced by
timber structures and 141 in permanent form as follows:
Replaced by embankment 108 bridges.
Replaced by plate girders
"
and I beams
24
"
Replaced by steel trusses . . 9
9,120,362 50
ceding column)
$146,430 52
For new mileage (see preceding column)
590,015 74
529.19
1,650.40
981.41
227.06
1,973.88
75.00
[
9,207,428 47
for as follows
Amount expended
Amount expended
1905—
Second
Branches.
.
Total amount provided
For
Track.
39.38
43.06
17.29
0.69
Line.
489.81
1,565.01
Totals
72 864 00
Track.
Main
56-r>ound steel
Other weights
30 1905.
$5 000 000 00
357.03
19.66
Composition of
steel
BETTERMENT AND ENLARGEMENT FUNDS JUNE
Provision under Plan of Reorganization...
Received from United States Circuit Court
for Bonds deposited under foreclosure
Received from Farmers' Loan & Trust
Company for $1,000 General Second
93
278
constructed
constructed
85-pound steel
72-pound steel
66 and 67-pound
60-pound steel
"
"
"
"
"
"
"
"
"
[Vol. lxxxi.
of the terminals at Seattle
was con-
tinued throughout the year, and the large brick freight
house was completed. The passenger station and yards
being built for the joint use of your company and the Great
Northern will be finished during the current year.
Washington
to
21.60
Dower Lake, Minnesota, second track
14.53
43.57
Peninsula Branch, Hoquiam to Moclips, Washington (put in
28.02
operation July 1 1905)
71.59
Total
The construction of the following branches or extensions
has been authorized, but they were not completed June
30 1905:
Edgeley Extension, Edgeley to Dawson, North Dakota
Sykeston Branch, Denhoff to Turtle Lake, North Dakota
Sunnyside Branch, Toppenish, Washington, easterly
93.00
Total
All
of
41.00 miles
31.00 "
"
21.00
the above construction
is
"
from funds provided
CHARGES TO CAPITAL ACCOUNT FOR NEW PROPERTY. under terms of the Prior Lien Mortgage, and the lines
Upon requisition of the Executive Officers, approved by become a part of the estate of this Company subject to
the Board of Directors, expenditures from the Betterment same.
On May 25 1905, a contract was signed with the Union
and Enlargement Funds have been made during the
past
year
fiscal
for:
Real Estate and Right of Way
At St. Paul, Minnesota
At Staples, Minnesota
At Detroit, Minnesota
At Butte, Montana
At Spokane, Washington
At Tacoma, Washington
New
$33,335
5,263
10,692
17,618
8,422
71,098
89
62
50
02
ington.
10
39
$146,430 52
Branches and Extensions
to Dower Lake, Minnesota, second
Wadena
track
f.
Edgeley to Dawson Extension, North Dakota
Sykeston Branch Extension, North Dakota.
Missouri
River Branch, North Dakota
(Rightof Way)
Bitter Root Branch Extension, Montana
Peninsular Branch, Washington
Seattle Belt Line, Washington,
Auburn to Black River, Washington, second
track
Sunnyside Branch, Washington
Washington Railway & Navigation Lines,
Washington
$153,617 35
104,308 37
60,908 81
30
98,085
93,374
63,519
50
97
2,950
Box Cars
CAPITAL STOCK AND DEBT.
62
3,955 12
3,513 54
8,702 05
590,015 74
Total expended from Betterment and En-
In addition to the above there has been adin part payment of this Company's
proportion of cost of new passenger station
and freight terminals at Seattle, but not drawn
i,
485,815 58
vanced
from the Betterment and Enlargement Funds.
There was no change in the Capital Stock of the Company during the year.
As shown by statement in the Comptroller's report, the
bonded debt of the Company increased $876,963 32.
PROPRIETARY COMPANIES.
$710,408 14
2,038,961 18
2.749,369 32
largement Funds
This contract also provides for the joint use of the bridge
over the Snake River at Riparia.
Surveys and construction work are now b^ing pushed
and the building of the new roads, about 125 miles in all,
will develop the rich plateau country south of the Clearwater River in Idaho.
In these railroads this Company will own an undivided
one-half interest.
41
hew Equipment
40 Locomotives
Railroad Company, under which hrailroads are to
constructed from Grangeville, Idaho, to Lewiston,
Idaho, and thence on the north bank of the Snake River
to a connection with the line of the Oregon Railroad &
Navigation Company at a point opposite Riparia, WashPacific
be
932,075 17
$4,417,890 76
Washington
&
Columbia River Railway Company.
The Washington & Columbia River Railway has been
continued under separate management, and its relations
with your Company remain unchanged.
There has been no change in the amount of stock or
bonds during the year, and no change in the mileage operated
The property has been well maintained and
(162.73).
economically administered. There was an unsually good
wheat crop in the counties through which the road passes.
—
—
THE CIIKOXICLE
Oct. 21 1905.1
results of its operations for the year
The
1905
is
tiros-;
Earnings
By
Freight
12,617 ;>:>
17,719 13
..
-$517,975 55
Operating Expenses and Taxes
Improvements and Betterments
$280,226
12
28,301 07
$200,358 46
5,322 99
Net Earnings
Deposits, Rentals, etc.
$205,0S1 45
—
Interest on
Interest on
mortgage Bonds
income Bonds
Surplus
the dividends on the shares of stock
the interest on the
bonds.
report of the Comptroller gives further details of
transactions of the Company, including statements
of the operations and condition of the Land Grants and of
the Insurance Fund.
By order of the Board of Directors,
KLLIOTT, President.
The
the
INCOME ACCOUNT
$15,961 45
For (he Fiscal Year Ending June 30 1905.
Dr.
To
Operating Expenses:
Conducting Transportation
$12,565,739 81
Maintenance of Equipment
5,053,586 34
Maintenance of Road and Structures. . 7,345,820 70
General Expenses
1,843,611 09
$20,808,758 54
Taxes:
State and County
1,601 ,000 00
Interest and Rentals:
Interest on Mortgage Debt
Rentals of Leased Lines
and economically
administered.
There has been less log business than in previous years.
A statement of the operation of the line for the fiscal
year ending June 30 1905 is given below:
$6,947,983 33
160,469 30
7,108,452 63
Dividends:
Nos. 26, 27 extra, 28, 29 extra, 30, 31
Appropriation for Improvements, etc..
10.850,000 00
3,000,000^00
14,381.219,29
Balance
Earnings
Ciross
"has collected
owned by your Company and has paid
(143).
well maintained
$359,046
112 ,765
13,035
3,652
Freight
Passenger
Mail and Express
Miscellaneous
Net earnings
Add interest on securities and cash
80
$63,749,430 40
43
Cr.
18
41
By
Balance to credit of Profit and Loss June
30 1904, as per Annual Report
Gross Earnings:
-$488,499 82
$339,169 63
29,550 78
368,720 14
Operating expenses and taxes
Improvements and betterments
Freight
Passenger
Mail, Express
$119,779 41
18,438 22
deposits.
&
ho report of the Chicago Burlington
1S9.720 00
Minnesota & International Railway Company.
Seventy per cent of the stock and all of the indebtedness
of the Minnesota & International Railway are owned by
your Company.
There has been no change in the amount of stock or
bonds during the vear; and no change in the4 mileage operated
The property has been
t
HOWARD
$99,920 00
89.S00 00
first
Company
joint
317,017 00
Add interest on
reference to
Quincy Railroad Company, it will be Been thai the operation of that road duing the past fiscal year has been very
The Chicago Burlington & Quincy Railway
satisfactory.
$409,412 40
78,226 10
—
Passenger...
Mail and Express
Miscellaneous
Deduct
UENEKAL.
ending June 30
given below:
-
1*217
..$11,104,977 71
$36,861,131 77
11,335,852 07
2,525,901 88
and Miscellaneous
50,722,885 7i
Dividends and Interest on Securities owned, and Interest
on Deposits
$138,217 63
1,921,567 03
Deduct
Interest
on bonds.
107,250 00
$30,967 63
Surplus
$63,749,430 46
By Balance
carried to the credit of Profit
of this date
and Loss, as
shown by the Balance Sheet
$14,381,219 29
PASSENGER, FREIGHT AND MISCELLANEOUS STATISTICS.
June 30 1904.
June 30 1905.
5,262.16
6,314.95
Average Mileage for the Year.
1904-1905.
1903-1904.
Passengers,
Miles, Tons,
Amount,
Rate,
etc.
Passengers,
Miles, Tons,
etc.
Increase.
De-
cent
crease
Amount,
Rate,
etc.
Per
etc.
Traffic —
Passenger
of passengers carried
of passengers carried one mile
Average miles traveled by each passenger
Tariff passenger earnings
Other passenger department earnings
Total passenger department earnings
Average amount paid by each passenger
Average rate per passenger per mile
Passenger earnings per mile of road (average mileage).
Passenger earnings per train mile
Number
Number
94.5
Freight Traffic—
No. tons revenue freight carried
No. tons revenue freight carried one mile
Average distance haul of one ton
23.352
4.872,206
1.01
.5
.53
.46|
$10,676,851 65!
2,107,348 94i
12,784,200 59
$10,897,765 20
2,178.611 42
13,076,376 62
$220,913 55
71,262 48
292,176 03
2.07
3.38
2.29
2.091
2.12
.0223
.03
1.44
.0221
.0002
.90
2,429 46
1.7208
2,460 30
1.7125
30 84
1.27
13,036,789
4,359,664,201
334.4
13,283,477
3,6S5,672,022
277.5
Tariff freight earnings
Other freight earnings
Total freight earnings
Average receipts from each ton of freight
Average receipts per ton per mile revenue freight
Total freight earnings per mile of road (average mileage)
Total freight earnings per train mile
Total Train Traffic
5,142,891
488,522,472
95.0
5,119.539
483,650,266
.48
i
.0083
1.86 246,688
$32,434,044 25
564,877 25
32,998,921 50
$36,264,128 63
597,003 14
36,861,131 77
2.44
.00880
6,270 98
3.0355
2.78
.00832
6,935 37
3.0990
$45,783,122 09
2.61
1.38
1.23
673,992,179 18.29
56.9 20.50
$3,830,084 38 11.81i
32,125 89 5.69|
3,862,210 27 11.70
.34 13.93
5.45
.00048
664.39 10.59
.0635
2.09
$49,937,508 39
$4,154,386 30
2.67
1.44
1.23
.06
.06
.00
9.07
2.30
—
Earnings from freight and passenger trains
Earnings per train mile
Expenses per train mile
Net traffic earnings per train mile
4.35!
.00
—
Train and Car Mileage
Mileage of revenue passenger trains..
Mileage of locomotives employed in "helping" passenger
trains
freight trains
Tons
Tons
freight, tons carried
freight, tons one mile
per train, company and commercial" '.'. .'..'..'.
per loaded car, company and commercial
2.75%
""
.'.
'.
6,786,799
247.787
.
3.65%
.
849,17s
11,045,432
785.419
10,085, 189
1,387,900
Percentage of "helping" to revenue train mileage
Total revenue train mileage
Mileage of non-revenue trains
Mileage of passenger cars
Average No. of passenge r cam in train
Average No. of passengers in train
Average No. of passengers in each car ..
Mileage of loaded freight cars
Mileage of empty freight ears
Mileage of loaded and empty freight cars . .
Average No. of loaded freight ears in train
Average No. of emptv freight ears In train
Average No. of freight ears in train.
Percentage of empty cars to total cars in train
Average No. tons revenue freight in train .
Average No. tons revenue freight in each loaded car ...
Company
Company
182.9l'i
"
Percentage of "helping" to revenue train mileage
Mileage of revenue mixed trains
'..'.'.'.'.'.'.'.
Mileage of revenue Freight trains
Mileaee of locomotives employed in "helping" mixed
and
6,643,836
1,580,880
.
12.773
17, .01 1.711
2,613
49,206,2 ie,
.
65.10
98,577,300
336,428..
21.88
9 07
30.95
29
nl
16 60
3,05
.52%
1,166.665
I
094,778.662
402.96
18.42
12,054,204
382,849,274
22.77
1
.
.
.
192.980 13.90
13.29%
18,681,409
1,413,598
60,326,942
6.59
270,795,070
9.42
32.19
366.52
16.10
.
.
3,359,484
729,735.07s
427.87
IS. 79
4.07
6.66
13.41 219,015
1.120,696
2.28
.45
.03
1.12
32.944, 135
13,476,904
40,421,039
72
1.22
13.86
13.07
13 so
4.07
3 86
1
.89
1
,24
29.27%
.
2.15
64,868 35.46
.90% 32.73
63,759 8.12
959,943 9.52
63.98,
9.71
9.83!.
237.
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Oct. 21 1905.
THE CHRONICLE.
j
1249
GREAT NORTHERN RAILWAY COMPANY.
SIXTEENTH ANNUAL REPORT—FOR THE FISCAL
To the Stockholders;
The President and Directors submit the following report
for the year ended Juno 30 1905:
FINANCIAL.
Capital Stock.
There has been no increase in the authorized share capital
Northern Railway Company during the year.
and same remains at $125,000,000.
of the Great
Of the capital authorized there had been issued to
..SI -'1,1 I'D, 250 00
June 30 1904 (page
last year's report)...
.">.
en issued during the year 1,11394 sh
amounting
ENDED JUNE
30
L905.
During the vear $16,000 Northern Pacific-Greal Northern
& Q> Collateral per cent Bonds have been issued
in payment for 80 Shares Of C. IV A: Q. I! I!. Company's Stuck
making the tidal amount id' these bonds and scrip outstandThe Chicago Burlington &
ing June 30 1905, 1215,223,200.
Quincy Railway Company has collected the dividends on the
1,076,116 shares of the C. B. & Q. UK. Stock deposited as
collateral to secure these bonds and has paid the interest on
Joint C. B.
I
,
bonds.
As explained on next page, the St. Paul Minneapolis &
Manitoba Railway Company issued $(5,910,000 Improvement
Bands during the year in part payment for the line of railw ay
As these bond's
between Columbia Falls and Jennings, Mont
are owned by the Montana & Great Northern Railway Company and are deposited with the Great Northern Railway
Company as collateral security for advances made to the
Montana Company, they do not appear in the table of bonds
in the hands of the public (page 1254) or on the balance
sheet (page 1255) as a liability.
the joint
.
to
111.37.-.
on
11' .-.,000
00
completing previous transactions;
in
YI'.AK
Twelve hundred and titty shares, amounting to
have been transferred to the Great Northern JBmplo
Investment Company, Limited, under the contract
referred to on page 7 of Report lor the vear ended
June 30 1000. To June 30 1905 the Investment Company had subscribed and paid lor s,i50 shares ($815,000) under the contract mentioned.
Total outstanding June 30 1905
GENERAL.
..S124, 365.625 00
There were held in the Treasury of the Company June 30
1905 4.493 V shares of Great Northern Stock, not used in
acquiring 3,595 shares of Manitoba Stock and 1,850 shares
of Great Northern Stock to be issued only to the Employees'
Investment Company as subscribed for.
It has been stated in previous reports that the amounts
the Company had advanced certain companies for construction purposes were being carried to be applied in payment
for stock to be issued by those companies.
During the year
such stock has been issued and acquired by the company as
Expenditures were made during the year on the capital accounts of Proprietary Companies for work completed or under
construction, as follows:
Eastern Railway
Company
of
Minnesota
.$290,528
27,390
53,268
34,280
Montana Central Railway Company
Willmar & Sioux Falls Railway Company
Duluth Watertown & Pacific Railway Company
Seattle & Montana Railroad Company
Minneapolis Union Railway Company (Credit)
Minneapolis Western Railway Company
34
90
97
13
»381 ,234 70
137 92
2,240 79
follows:
The
The
The
The
$2,000,000
7,000,000
2,000,000
6,000,000
00
00
00
00
Total
$17,000,000 00
These shares, with the
$1,500,000 00
Stock of the Seattle & Montana Railroad Co. and
5,000,000 00
of the St. Paul Minneapolis & Manitoba Railway Co.'s
Improvement Bonds acquired during the vear* ended
June 30 1902 (see page 6 of report for that year).
£219,717-10s
Debenture Stock, and
497,142
Common Shares of the Kootenay Railway & Navigation
Company, Limited, make up
the amount of securities
to be acquired by the Companv with the proceeds of
the $25,000,000 of Great Northern Stock issued in pursuance of resolution adopted by the Directors Feb. 27
1901 (see pages 5 and 6 Report for year ended June 30
1901).
Bonded Debt.
The table on page 1254 and the' balance sheet, page 1255,
show an increase of S4, 105. 484 85 during the year in the
bonded debt of the St. Paul Minneapolis & Manitoba Railway Company in the hands of the public, caused by the sale
during the year of £1,000.000 St. Paul Minneapolis & Manitoba Railway Company Pacific Extension Bonds, and by
the retirement of bonds through the operation of the sinking
fund as the following table explains:
M ortgage Bonds—
!d in
the Treasury of the Great
Northern Railway Company. £1,000,000@$4.8484
mooted Mart
Bonds, issued in
M ,:,neapolis &
$4,848,484 85
l
i'ir
.<
/
./
RaQwav Company's Bonds
—
Manitoba Railway Company.
The subject of the control of railway rates by the Federal
Government has been prominently before the country for
some time past. It has been stated that while tariffs have
been reduced the various classifications have been changed
so as to offset the apparent reduction in rates.
The following
table, taken from the annual reports of the company, shows
the actual yearly reduction in freight rates for the past
twenty-five years and the total reduction for the same period.
These reductions have only been made possible by the growth
of the company's traffic, as shown in the increase in the
tonnage hauled one mile each year.
Average
Var
One Mile.
1881
18X2
1883
$381,000 00
390,000 00
1*8-1
181)0
1
by
the
ix'.i:,
IS!)),
743,000 00
i
ton
181)8
increase in Consolidated Mortgage 4.y2
%
Bonds
—
$4,876,484 85
:
Bonds,
Dakota Extension u rtgage
canceled as above
6%
$381,000 00
Bonds,
I
i
amount of St. Paul Minneapolis A Manit
1{al1
1902
1903
1UU4
1905
2.
15s. 212, 794
2,604.792,882
2.481.751,195
3.190.217.482
rf,606>
;
.
176
3,361.802.089
4.170.160,658
Revenue on Rasis
rerage Rate
0)
Revenue
Per Ton
Per
\lilv
.
Cents.
Collet lid.
2.88
2.51
$2,691,772
4,773,005
0.687,934
6,111.459
6,013.050
5,587.284
6,151,746
7.348.513
6,656,647
8.332.241
9,439.006
12,122.128
13,015.725
ll.403.fl6
13.234,560
15,833.090
15.841.330
1.95
1.79
1.52
1.49
1.36
1.306
1.494
1.251
1 .236
1.215
1.190
1.067
.984
.976
.§66
.932
.916
.899
871
.859
.857
.893
.792
1
Saving
Received in
1881 would,
have been
Revenue
54
72
96
$2,691.772
5,468,051
9,836.351
9.802,018
11,393.052
10.799.583
12,986,855
16.200.905
12.830,029
19.188,476
22.000.975
28,742.159
31,498,338
30.954,318
38,734.765
46.738.869
47,728,043
51
12
43
69
03
44
86
77
64
01
41
47
47
90
to Shijy-
pers by Reduction in Rates.
54
84
91
92
62
32
68
24
34
44
80
00
59
28
37
78
28
ls.050.0-10 8S
55.813,121) 75
19,779.209 29
22,533,019,93
21.023,653 95
27,400,017 23
30,915,234 29
29.944.300 32
33.013,722 38
62,156.528 47
72.138.035 00
71.474.434 42
$695,046 12
3,148.4 16 96
3.687.559 41
5,380.002 50
5.2U.298 89
6,835.108
8.852.392
6.173.^81
10.850.234
12.561,969
16.620.030
18.4S2.613
19.490.501
25.500.204
30.905.779
31.886.712
37,757.082
42.377,319
49.605.015
49,850.780
99
21
90
58
03
36
58
87
90
31
38
87
18
07
47
91.878.2i
103 876.86a 07
64
72 961
120,100,626 95
87,086,904 67
1
,61 B
7s
$354,580,519 24 $1,031,564,339 25 $676,983,820 01
390,000 00
771,000 00
of the public
KIHJ
997.991.632
1.093,692.312
1,074,802.718
1,344.957,131
1,622.877.423
1.667,223,726
1,937. 955. 894
35,818.206.224
Total
Net
1
I'.IUll
11)01
Total increase.
_ca
28,000 00
7rt3.922,771
^.11
1892
1803
IV.M
S771 ,000 00
Fund
>.'
93.464,324
189,862,911
341,539.997
340,347.879
395,592.105
374,985.532
450.932,489
5o2,53 1,432
445.487.130
666.26b. 543
1SSS
S8U
Trustee through the operation of the Sinking
eond Mortaagt
Revcn uc
Tons 11 aided
l
Total issued
bonds
As shown on page 33, there has been appropriated out of
the net revenue for the year $3,000,000 for the "Fund for
Permnanent Improvements and Renewals;"' and there was
charged against that fund $1,117,972 42, the cost of improvements (other than those charged to operation) made during
the year to property leased from the St. Paul Minneapolis &
1SSV
and canceled, as follows
Second Mortgage Bonds
Dakota Extension Mortgage Bonds
L
in last year's report (page 33) showed
and Accounts Payable" to the amount of $6,400,000.
These had been reduced June 30 1905 to $1,030,000, and
that balance has been paid off since the close of the fiscal
"Bills
1SS(,
Mani-
surrendered
redeemed and canceled
$497,102 36.
The balance sheet
is-,;,
,
hanot
There has been advanced for construction purposes during
the year to companies other than those above mentioned the
sum of $8,133,503 81, and there has been paid out for additional equipment for the Great Northern Railwav Company
year.
The stock acquired by the company is full paid and represents actual cash expended for construction.
The amounts
that the company had advanced for construction to June 30
1905 to the four companies first named exceed the $17,000,000 stock issued by 85.951,373 10. No bonds have been
issued by those companies.
Other than as above stated there has been no change during the year in the amount of Capital Stock of any of the
proprietary companies.
Pacific Extension
Sale of Bonds ber<
$788,805 91
Total
Dakota & Great Northern Railway Co
Montana & Great Northern Railway Co
Washington & Great Northern Railway Co
Great Northern Steamship Co
-aiding
in
hands
$4,105,484 85
The Great Northern Steamship Companv'- Bteamship
"Minnesota" sailed from Seattle, Wash., on her initial trip
to the Orient (-n Jan. 23 1905, aniv.d at Seattle on return
voyage April is 1905, Bailed on trip No. 2 May 2 L905 and
Jy 20 L905. The
arrived at Seattle on return v<
made
turn trip from Yokohama to Seattle on
in twelve and one-half daj
'•
Th<
change during the year in the landed
debt «.f any of the proprietary companies.
\
J
TPIE
250
CHRONICLE
The Steamship "Dakota" sailed from New York April 28
1905, arrived at Seattle June 26 1905, and sailed from that
port on her first trip to the Orient on Sept. 20 1905.
The Board respectfully calls attention of the shareholders
to the reports of the Vice-President and the Comptroller,
with the customary balance sheet and statistical tables,
and to the report of the Land Commissioner.
JAMES
HILL,
J.
President.
Report
Mr
of Vice-President.
James J. Hill, President.
Dear Sir: Herewith please find report for
ended June 30 1905.
—
fiscal
year
Gross Earnings, Operating Expenses, Volume oj Tragic and Rates.
gross earnings for the year amounted to $43,526,088 46,
17, or 8.66
per cent.
Freight earnings increased $3,069,422 06, or 10.25 per
The number of tons of revenue freight hauled incent.
creased 3,290,660, or 23.1002 per cent, and the number of
tons hauled one mile increased 818,358,569, or 24.4155 per
cent.
The number of bushels of wheat hauled to "Eastern
terminals from stations east of Minot, N. D., and north of
Garretson, S. D., decreased 224,304, equal to 6,729 tons.
This was caused largely by the damage done by black rust
Referto wheat raised on lands in the Red River valley.
ence was made on page 12 of last year's report to the
delay in movement of iron ore on account of the late opening
of navigation on the Great Lakes and strike of Lake masters
and pilots. While up to July 1 1904 there had been a falling
off of ore shipments to the amount of 1,085,203 gross tons,
yet the entire tonnage shipped during the 1904 season of
navigation was slightly in excess of the quantity shipped
during the previous season of navigation. The decrease
during the first six months of 1904 was, therefore, more than
made up during the latter half of that year. There was a
general recovery in the iron market during the fall of 1904,
and ore became and continued in active demand at advanced
prices during the winter and spring, the result being that
The
an increase over the previous year of $3,468,735
shipments handled by the Company from the opening of
navigation 1905 to June 30th were larger than ever before.
These two causes account for the increase of 2,955,778 (net)
tons of iron ore handled during this fiscal year over the quantity handled during the previous year.
The tonnage of
revenue freight other than iron ore and East-bound wheat
increased 341,611 tons and was general over the system, the
principal increases being in grain, live-stock, lumber, copper
ore and products and general merchandise.
The average revenue per ton per mile was .792 cents, a
decrease of .101 cents, or 11.31 per cent under the previous
year.
A portion of this decrease is due to the increased
volume of traffic taking lower rates, some to the increase in
the average length of haul, and the balance on account of
the rate reductions referred to in last year's report, which
are for the first time reflected for a full year in the revenue
for this year, and to rate reductions made during the year.
July 10 1904 rates on hemlock, larch and spruce lumber and
various articles manufactured therefrom, shipped from the
Pacific Coa°t, Spokane, Sand Point and Kalispell districts
to Eastern terminals, were reduced 20 per cent.
Aug. 1 1904
rates to Spokane were revised, making through commodity
rates from points east of Chicago in order to allow Spokane
merchants to distribute to points within a radius of 100 miles
from that city on equal terms with the Pacific Coast. Feb. 15
1905 rates on emigrant movables from Eastern terminals
to Spokane were reduced one-third and to the Pacific Coast
one-half.
These reduced rates remained in effect three
months, and were made to encourage the movement of
colonists.
Following the practice of former years of making voluntary
reductions in freight rates as rapidly as possible, a new grain
tariff has been issued effective Sept. 1 1905, reducing grain
rates from practically all stations in Minnesota and all stations in North Dakota and South Dakota from one-half cent
to five cents per hundredweight, the average reductions from
stations in Northern Minnesota and North Dakota being two
cents per hundredweight.
The earnings of passenger trains increased $339,825 96,
or 3.5252 per cent.
Of this amount $253,166 96 came from
passenger fares, $18,732 78 from transportation of mails,
$21,347 70 from transportation of express matter, $37,563 09
from sleeping and chair cars, $4,395 31 from excess baggage
collections, and $4,620 12 from miscellaneous sources.
Passenger-train mileage increased 89,297 miles, or 1.3679
per cent.
The average revenue per passenger per mile increased six
one-thousandths of one cent, and was caused by increase in
ocal travel, the average distance traveled by each passenger
during the year being 71 miles, as against 74 miles for the
previous year. The number of passengers carried during the
year shows an increase of 6.5034 per cent. The number of
passengers carried one mile increased but 3.0027 per cent.
There have been no increases in passenger rates during
the year.
[Vol. Lixyi
Operating Expenses increased 8847,564 43, or 4.1155 per
Maintenance of Equipment increased
$610,438 05, and Maintenance of Way and Structures $487,924 81. Charges to these accounts have been very liberal,
and indicate that the property is being constantly and materially improved.
The effect of the permanent work that has been done in
previous years is clearly shown by the facts that while the
ton mileage of revenue freight increased 24.4155 per cent,
the mileage of loaded freight cars increased but 12.3812 per
cent, the mileage of freight-hauling trains but 6.5184 per
cent, and the cost of Conducting Transportation, or of
actually handling the business, decreased $277,023 89, or
2.5793 per cent. And this while there was a material increase in the cost of station service, due to more stations
cent over last year.
and additional force to care for local traffic, and increase in
the rates of wages.
The average number of tons of revenue freight hauled per
train mile increased 75.172 tons (16.8018 per cent) to 522.576
tons.
The average number of tons of revenue freight per
loaded freight car is now 20, an increase during the year of
1.935 tons, or 10.7113 per cent.
The movement of settlers into North Dakota has continued,
and large areas of lands are each year being brought under
cultivation.
The several branch lines which the Company
is building in North Dakota will materially assist in the development of the northern part of that State.
It is hoped that another year will see the construction of a
portion of the Government's Canal for the irrigation of the
Milk River Valley, and which will result in the speedy settlement of that section The Government has also undertaken the
irrigation of large tracts of land in the vicinity of Buford,
N. D., obtaining the water from the Yellowstone River.
It has under consideration the irrigation of a large area in the
vicinity of Great Falls, Mont., with the waters of the Sun
River.
The large crop that has just been harvested and the generally prosperous business conditions throughout the territory served by the Company indicate that the business of
the Company during the coming year will be satisfactory.
.
New
Lines.
in last year's report (page 14) The Montana &
Graet Northern Railway Company's line from Columbia
Falls to Rexford, Mont., 69.18 miles, was completed and
turned over to the operating department on Oct. 1 1904.
As stated
This line with the line from Jennings, Mont., to Rexford,
also built by the Montana & Great Northern Railway Company, and opened for operation July 10 1902, made a second
The maximum
line between Columbia Falls and Jennings.
grades on the new line are J4 of one per cent westbound
and 7-10 of one per cent east-bound, against the maximum
of 13^ per cent both east and west-bound on the old line.
The maximum curvature on the new line is 3^ degrees,
The number of bridges
against 10 degrees on the old line.
on the new line is 41, with an aggregate length of 7,030 feet,
and the greatest height of 86 feet. On the old there were
47 bridges of an aggregate length of 10.118 feet, and the
Many of the bridges on the old
greatest height of 125 feet.
line were of great length and occurred on sharp curvature.
The new line crosses the Cabinet Mountains at an elevation
of 3,285 feet, while the elevation on the old line was 4,148
feet.
The building of this new line made unnecessary a portion of
the old line, and to permit the removal thereof and at the
same time not impair the security underlying the St. Paul
Minneapolis & Manitoba Railway Company's Montana Extension and Pacific Extension Bonds, that company purchased the new line from the Montana & Great Northern
Railway Company, paying for same $6,910,867 90, its
actual cost, and immediately transferred the road to the
Central Trust Company of New York, trustee under the
two mortgages mentioned. In consideration of these conveyances and because a portion of the old line had become
unnecessary, the trustee released from the liens of the two
mortgages that portion of the old line between Jennings and
Kalispell. Of the line so released, 29.03 miles from Jennings
to Melbourne, with 1.32 miles of sidings, has been removed.
The net value of the material recovered has been expended
in additions to or improvements of the Manitoba Company's
property in Montana, and is in excess of the amount shown
on the balance sheet as cost of improvements made by the
Great Northern Company to the property leased from the
Manitoba Company.
To pay for the new
•
line the
Manitoba Company issued
Improvement Bonds, which are now held
and owned by the Montana & Great Northern Railway Company. The balance of $867 90 was paid in cash
Of the other new lines mentioned in last year's report as
$6,910,000 of
its
being then under construction, the following were opened
during .the year:
November 28 1904. Minnesota & Great Northern Ry., Thief River Falls
to Greenhush, Minn., 41.09 miles.
,
Dakota & Great Northern Rv., Mohall to Sherwood,
N. D., 14.85 miles.
December 15 1904. Crow's Nest Southern Ry., Swinton to Fernie, B. C,
9.82 miles.
December 27 1904. Dakota & Great Northern Ry., Edmore to Munich,
N. D., 24.87 miles.
February 16 1905. Vancouver Victoria & Eastern Ry. & Nav. Co.,
Grand Forks to Phoenix, B. C, 24.62 miles;
Branch Grand Forks to Granby Smelter, 4.75
miles.
Oct.
L'l
THE CHRONICLE.
1905.!
The V. V. & E. Ry. & Nav. Co.'s lines are operated as a
?ortion of the Spokane Falls it Northern Railway System,
'he balance of the lines mentioned are operated by the Great
L251
All the above equipment is furnished with air brakes and
automatic couplers, and all of the passenger train cars are
lighted by gas.
The remaining 27 locomotives, 53 passenger service cars,
snow plows are now being
,650 freight service ears and
Northern Railway Company.
The grade for the Washington «& Great Northern Railway
Company's line from Curlew, Wash., to the international delivered.
Eighty combination box and stock cars have i>< en changed
boundary at Midway, referred to in last year's report, was
completed during the year, but work was then stopped at the company's shops into straight stock ears.
There Was expended during the year for equipment ^">70,pencung passage of an Act by the Canadian Parliament grantwas charged to "Equipment
ing the V. V, i E. Company the right to connect at the inter- 594 63, of which 150 ,429 7
national boundary with the Washington & Great Northern Account."
Railway Company's lines. These matters having been satisAs equipment is destroyed or taken out of service, Operatfactorily adjusted in spite of the strenuous opposition of ing Expense is charged and "Fund for Replacement of EquipWhen equipcompetitors, work has been resumed since the close of the ment" is credited with the cost of replacement.
fiscal year, and track-laying on this line is now in progress.
ment for replacement is purchased, the cost is charged to the
A branch line one mile in length to the Yates mine was acoount last mentioned.
built by the Eastern Railway Company during the year, beAdditions (i/k/ Improvements.
sides numerous short mining spurs that are carried in sideI
1
1
track mileage.
Work was begun during
the year on the following lines,
which have either been opened for operation since the close
of the fiscal year or are now under construction:
—
By The Dakota <& Gnat Northern Railway Company
From junction with lie main lino at York, N. D., to Thome, 34 .35 miles.
From junction with the main line at Towner, N. D., to Maxbass,
t
45. Si) miles.
These two lines were opened for operation Aug. 1 1905.
Extrusion of line from Westhope, N. D., to Antler, 12.75 miles,
led for operation Ant:. 25 1905.
ision of line from Munich, N. D., to Sarles,
20.53 miles.
Opened
for operation Oct. 3 1905.
By The Washington A
Great Northern Railway
Railway
Victoria dk Eastern
A
Company and
Company
—
Navigation
the
Vancouver
Line from the international boundary at Midway, via Molson and
Of this line 49 miles within
Qroville, to Keremeos, B. C, 96 miles.
the United States are being built by the Washington & Great Northern Railway and 47 miles in British Columbia by the V. V. & E.
The latter company has just completed the location of an extension
from Keremeos to Princeton, 40 miles, and work will be begun as
soi>n as possible.
It is hoped to complete the line to Princeton by
July 1 1906, but a great deal of the work is very heavy. This line
when completed will open up the "Boundary Country," rich in mineral resources, and the development of a heavy ore traffic is expected.
Surveys for the extension of the V. V. & E. from Princeton through
the Hope Mountains and the Valley of the Frazer River to Vancouver. B. C. are being made.
The Farmers' Grain & Shipping Company, owning a railway from Devil's Lake, N. D., northerly to Starkweather, is
now building an extension of same, about 46 miles in length,
to the international boundary, and which will be completed
The Great Northern has
in time to move this season's crops.
traffic relations with the Farmers' Company, and this extension of the latter company's line should increase the volume of
traffic interchanged at Devil's Lake.
During the year the Iowa & Great Northern Railway Company was organized under the laws of the State of Iowa, for
the purpose of furnishing the Willmar & Sioux Falls Railway
Company with adequate terminals in Sioux City, Iowa. The
Iowa Company has purchased eight city blocks of land in
that city and secured desirable franchises, which will be developed this coming year.
Since the close of the fiscal year the Minnesota & Great
Northern Railway Company has begun work on an extension
of its line from Greenbush to Roseau Minn. 22 miles.
Same
will be completed and opened for operation during the year.
The Dakota & Great Northern Railway Company, since
the close of the fiscal year, has located and is now building
a line from Ellendale, N. D., westerly to Forbes, 13.4 miles,
and same will be completed in time to move this season's
,
,
crops.
Surveys for and location of several other new lines have
been made during the year or are now in progress.
Equipment.
The following equipment has been
sold or taken out of serv-
during the year.
ice
Great Northern locomotive,
Eastern Railway of Minnesota locomotive,
1 Seattle & Montana baggage, mail and express car,
4 Eastern Railway of Minnesota wooden ore cars, and
1 small Great Northern steam shovel.
1
1
light
light
1
The work on the new' terminals at Seattle-, referred to in
the two last annual reports, has been continued during this
The double-track tunnel under the city has been comyear.
It is lined with concrete and has a total length bepleted.
tween portals of 5,141 feet. Double track has been laid in
the tunnel and will be put in operation upon completion of
the new joint passenger station, which is well under way and
The new brick
is expected to be finished by Jan. 1 1906.
freight depot, 50x1 ,000 feet, has been completed and is in use.
The grading for the new terminal yards is in progress, nearly
1,000,000 cubic yards of material having been placed since
the work began.
At Smith's Cove, Seattle, an extension 100x560 feet has
been made to the dock warehouse. An electric-lighting
system has been installed at this point, a rail-unloading platform built, and the slip dredged to sufficient depth to accommodate the Great Northern Steamship Company's steamships "Minnesota" and "Dakota"
The work of building a stone sea wall along Puget Sound
in place of timber bulkheads, and grading for proposed
double track at different points between Everett and Ballard,
aggregating 2J-2 miles in length, is in progress.
Tracks serving industries along the water front at Anacortes, Wash., have been extended .97 mile, and a spur track 2.7
miles long is being laid to Shannon's Point near that city.
The Company has furnished the track material for a logging spur 3.67 miles long, built by the Crookston Lumber
Company and extending from the Red River Logging Spur to
Mallard, Minn., and for another spur 10.7 miles in length
now being built from a connection with the main line at
Wilton, Minn., north to Island Lake.
The double track on the eastern Railway Company of Minnesota referred to in previous reports has been extended
from State line to Huson, a distance of 6.16 miles, thereby
completing the double track between Superior and Brookston,
a distance of 50 miles.
Tracks 1.68 miles and 1,050 feet long, respectively, have
been laid at Red Lake Falls, Minn., and at Tilden, Minn.,
connecting the Great Northern and Northern Pacific Railways, and trains are now run between Crookston and Greenbush, Minn., using the Northern Pacific tracks between
Tilden and Red Lake Falls.
Passing tracks 4 ,000 feet long are being laid at five stations
on the Breckenridge Division, and the present passing tracks
at four stations on that division are being extended to that
length.
track .21 mile long has been laid at Larimore, N. D.
In addition to tracks specially mentioned above, and later
in connection with changes at division points, many additional passing and industrial tracks have been laid, and by
re-arrangement of yards at various points the track facilities
have been increased and improved. The net increase in side
track mileage during the year, not including tracks on new
lines- under construction or opened for operation during
A "Y"
the year, was as follows:
The report for last year stated that of the equipment ordered, 1 locomotive, 6 postal cars, 10 baggage, mail and
express cars and 500 box cars had not been received and
taken into account at the end of the year.
During the year under review orders were placed for 27
locomotives, 64 passenger train cars, 1,000 box cars, 550
steel ore cars, 3 steam shovels, 3 Lidgerwood unloaders, 1
steam crane and 6 Russell snow plows.
Of the total new equipment undelivered at the close of la-t
year and ordered this year, the following had been received
and taken into account at the close of this year:
21.20 miles
3.35
2.40
(<
3.07
u
10 „ij
...
23
Line leased from St. Paul Minneapolis & Manitoba Ry. Co
Line leased from Eastern Railway Co. of Minnesota
Line leased from Dakota & Great Northern Railway Co
Montana & Great Northern Railway
Seattle & Montana Railroad
Willmar & Sioux Falls Railway
Montana Central Railway
Minneapolis Western Railway
I'ark Rapids & Leech Lake Railway
Spokane Falls & Northern System
1-58
12
-
.21
»•*">
uy
u
H M
49.27 miles
Less—
Crow's Nest Southern
Ry
-
ao
..
48.41 miles
The work of tie-plating referred to in previous reports has
been continued, approximately 2,335,000 tie-plates having
been placed in tracks during the year.
postal car-,
6 .si.ty-fc-'
Plants interlocking the crossings of the Northern 1 acitic
10 seventy-feet baggage, mail and express cars; 2 as additional equipment and 8 repla<
out of ser
Company's tracks at Carlton and Wadena, Minn., have been
3 s':v»;nty-fe.et parlor cars with observation room,
remodeled and enlarged on account of the construction ol t ne
00,000 pounds capacity, nfrigerator express car.s, for
Eastern Company's double track at the former bolnl and tne
use in pa.ss'-ngf-r train-,
489 Northern Pacific Company's double track atVva<h;na.
500 forty-feet, 80,000 pounds rapacity, hopper bottom
ten-wheel passenger locomotive,
l; 1.000 pounds on drivers,
1
19"x28"
cylinders,
weighing
t
,
,
.
i
;
n
additional equipment ami
replacing cars out of service,
un shovels with 2V2 yard dippers; 2 for additional
lipment and
in replacement,
Lideerwood unloaders, for which the cars were
1
:
built at the
-hops.
locomotive steam crane for use In shop yard.
No. 1 Russell snow plows.
Company's
lilteentn
Interlocking plants are being constructed at
WIS.,
Boyleston,
Minn.,
Minnaepohs,
Southeast,
Avenlie
6, Mesabl Division.
with switches
Wire-connected distance signals interlocked
train ordre
arm
two
stations,
have been installed at eleven
and Bridge
THE CHRONICLE.
2 vi
1
signals erected at three stations,
alarms put in at two points.
and "Chieago" road crossing
Permanent improvements
in water supply are being conCapacity of reservoirs at Chester, Mont., Gildford,
-Mont., and Concord, Mont., has been increased to twenty
million gallon- each.
New water station lias been built at
tinued.
Improvements have been made at several division points,
the most important of which are:
At Superior, Wis., the general office rooms over freight
house were extended and a 500 h. p. Edgemoor boiler installed in power house at elevators.
At Allouez, Wis., 902 feet of trestle approach to the ore
docks have been filled with earth, and fire protection has
been improved by installing an additional pump of 1,000
gallons per minute capacity and laying larger pipe lines.
A
revision and extension of the ore yard tracks at this station
is
[Vol. Lixii.
Mountain Junction, .Mont.; a pumping plant installed at
Delano, Minn., replacing city supply, and a new pumping
plant built at Glenburn, X. D.
Improvements have been
made at 23 other water stations.
A storage ice house 32x100 feet was built at Radnor, Mont.;
a division icehouse 24x96 feet built at Devil's Lake, N. D.,
and branch line terminal ice houses built at:
Browns Valley, Minn.
in progress.
At Willmar, Minn., a
division headquarters office 24x126
and a brick eating house 24x48 feet have been built.
At Breckenridge, Minn., the round house is being extended,
new machine shop, boiler house, coal house and new water
Additions have been
feet,
supply plant built, store house with second story for Superintendent's office, and a 70-foot cinder pit are to be constructed, and the necessary additional tracks to be provided.
At Minot, N. D., a new brick freight depot 40x200 feet
has been built and is now in use, and a new brick passenger
depot 32x139 feet with additional coach tracks, etc., is under
construction.
A new ice house 36x100 feet has also been
built.
A second story is being added to the freight depot
for the office of the Assistant General Superintendent and
Division Superintendent and their staffs.
At Glasgow, Mont., a 15-stall concrete block engine house
with machine shop, blacksmith shop and boiler room attached, steam heating plant, brick store house 30x73 feet,
concrete block oil house 28x32 feet, a 70-ft- steel turntable and
pit and cinder pit have been built; also a 20-pockct coal
chute in place of the old 12-pocket chute burned.
Tracks
have been rearranged and extended to accommodate the
new buildings. A new water supply station is under construction, and additional yard tracks will be laid.
At Hillyard, Wash., main line grade is being reduced and
new 20-pocket coal chute, frame depot, brick oil house,
brick store house and new water supply plant will be built and
yard tracks re-arranged and extended.
Improvements have been made or are in progress in station
facilities at other important points.
At Virginia, Minn., new terminals closer to the city have
been provided, including necessary tracks and a combination depot 30x72 feet.
Additional and adequate station grounds closer to the
business district have been purchased at Ellendale, N. D.,
and Aberdeen and Huron, S. D., and will be improved during the coming year.
A brick passenger station 32x133 feet is being built at
Watcrtown, S. D.
Yankton, s. D.
Aberdeen, S. D.
made
to ice houses at:
Carman, Minn.
.Sioux City,
Spokane, Wash, (brick)
Wenatchee, Wash.
Iowa.
A new snow shed 120 feet long has been built at Alvin
Wash.; and to replace those destroyed by fire, sheds have
been rebuilt at Mid vale, Mont., 600 feet, and at Alvin, Wash.,
552 feet long.
At Kelly Lake, Minn., two bunk houses 11x34 feet, to accommodate Company's employees, have been built; at Blaine,
Wash., a building 16x36 feet for immigration agent; at Dale
Street Shops, St. Paul, Minn. a 156-feet addition to scrap bin
During the year tracks have been relaid as follows: 242.55
miles with 80-pound rail, 5.24 miles with 77^-pound rail,
25.29 miles with 72-pound rail (re-rolled from 80-pound section), 5.13 miles with 68-pound rail and 7.04 miles with 66>£pound rail (re-rolled from 75-pound section).
The longest stretches of track relaid were from Shirley,
Minn., to international boundary, 85.36 miles; from Wahpeton, N. D., to Moorehead, Minn., 42.91 miles, and from
Ojata, N. D., to Michigan, N. D., 37.34 miles all laid with
£ 0-pound rail.
Right-of-way fence has been built during the year as fol,
—
lows:
Great Northern Railway
Eastern Railway of Minnesota
Dakota & Great Northern Railway
Willmar & Sioux Falls Railway
&
Duluth Watertown
Seattle
& Montana
Pacific
Railway
Railroad
Total on old lines
103.65 Miles
9.09
2.59
7.56
"
10.86
"
4.30
...138.05 Miles
of line have been made during the year
improve the alignment and save expensive renewals, the
most important of which are:
At Tonga, Wash., 4,500 feet long, to avoid heavy bridge
Sioux Falls, S. D.
filling on old line and to improve alignment.
New depots have been built at:
At Mile Post 13, Coast Line, 1,623 feet long, to get track
Alberta, Minn.
Davenport, N. D. (Joint with N. P.Ry.)
from sliding bluffs, to avoid rebuilding bulkheads and
away
Eldred, Minn.
Lawton, N. D.
alignment.
improve
to
Kelly Lake, Minn.
Pleasant Lake, N. D.
At Bridge 397, Cascade Division, 1,608 feet, with the filling
And in the place of depots burned at:
of bridge and building of masonry retaining wall.
Between Teton and Benton, Mont., 2,006 feet, to get
Angus, Minn.
Arvilla, N. D.
track on solid road bed and drainage tunnels built.
The depot buildings at five stations have been enlarged
There is also in progress a change at Bridge 434, Cascade
and re-arranged, temporary station buildings have been put Division, including a masonry retaining wall 250 feet long,
up at five stations and improvements have been made in the and a change at Crater, Wash., on Spokane Division, in-
Numerous changes
to
,
station buildings at 81 other stations.
A section house has been built at Dunkirk, Mont., in place
of one burned, and the section house at Woodville, Mont.,
has been enlarged.
30-pocket coaling station, with fire-proof engine house,
engine and hoist, has been built at Brookston, Minnesota,
to replace station destroyed by fire, and a coaling platform
has been built at Stanley, N.D.
frame two-stall engine house and a50-ft. cinder pit have
been constructed atRexford, Mont., and two stalls of engine
house at Garretson, S. D., have been extended.
Track scales with 50-feet platforms have been installed as
as follows:
A
A
—
Western Avenue, Minneapolis, Minn. 100 tons
Interbay, Wash. 80 tons in place of 50 tons;
—
and 80-ton
in place of
80 tons.
Adrian, Wash.
Burlington, Wash.
A 56-feet iron turn table has been put in at B. & M. Siding,
Montana, and steel or iron turn tables ,replacing wooden
ones, have been put in at Park Rapids, Minn., Aberdeen, S.
D., and Ellendale, N. D.
A stock yard 156x480 feet has been built at Harlem, Mont.,
and an addition of a stock pen 100x100 feet has been made
to the yard at Buford, N. D.,
Standard stock yards have
been built at:
Alberta, Minn.
Barry, Minn.
Bertha, Minn.
Garfield, Minn.
Hawick, Minn.
Hendrum, Minn.
Hewitt, Minn.
Lome, Minn.
Melby, Minn.
Mora, Minn.
Pelican Rapids, Minn.
Sebeka, Minn.
West Union, Minn.
Wareham, Neb.
Buxton, N. D.
,
.
follows:
Terminals Division
Willmar Division
Breckenridge Division
1.89 Miles
25.00
10.80
"
37.69 miles
Total
and additional work
is
now
in progress to
complete the re-
duction.
scales at
Campbell, Minn.
Thief River Falls, Minn.
volving the construction of a tunnel 840 feet long.
The work of reducing to 4-10 of one per cent the eastbound grade between Minnneapolis and Breckenridge Minn
as mentioned in last annual report, has been completed as
Geneseo, N. D.
Guelph, N. D.
Hankinson, N.D.
Lidgerwood, N. D.
St. John, N. D.
Putney, S. D.
Trinidad,
Wash.
The stock yards at seven stations have been enlarged and
improvements made in the stock j^ards at 44 other stations.
Grain-loading platforms have been built at eleven stations
and machinery platforms at seven stations.
At Jennings Junction, Mont., the grade
at connection be-
tween new and old lines has been reduced from 1J-<J per cent
to 4-10 of one per cent.
Between Bear Creek and Java, Mont., timber cribs have
been replaced with permanent work, including 480 lineal
feet of masonry retaining wall and nearly 140,000 cubic yards
of filling.
/
The work of widening embankments, raising sags, sloping
cuts and ballasting, mentioned in last annual report as in
progress between Hinckley and Nickerson, Minn., Deer River
and Cass Lake, Minn., and Larimore and Bartlett, N. D.,
has all been completed, and during the year embankments
have been raised to grade and sags taken out on 72.58 miles,
and have been widened on 231.22 miles, and track ballasted
with gravel 319.80 miles.
The work of widening banks and ballasting track between
Barnesville and St. Vincent, Minn., on the Northern Division,
and between Columbia River and Monitor, Wash., on the
Spokane Division, is in progress, covering a total of about
196 miles of track.
At Bonners Ferry, Idaho, track has been raised three feet
for a distance of two miles to escape high water.
The replacement of wooden and iron bridges and trestles
with steel, or filling them with solid embankments, has been
continued during the year, the work done being as follows:
—
Oct.
2J 1905.
—
—
TIIK CHRONICLE.
|
Length of steel bridges built
Great Northern Rv. (replacing wood
••
..
renewals, etc., have been charged to
Expenses." The amounl included in ••Maintenance of Road and Structures" tins year, f,u- extraordinary
Improvements, etc.. is $2,040,645 34.
Respectfully sudmitted,
i.
"Operating
"
292
Montana Central Ry. (replacing wood)
Minneapolis Union Ry. (replacing iron)
455
:>s7
"
"
L.
1,406
-
Lineal feet of bridging tilled
Greal Northern Railway (on old lines)
[fin Hallway of Minnesota
Willinar 4 Sioux Falls Railway
Montana Central Railway..
Montana & Great Northern Railway.
Montana Railroad
Seattle
—
.4,412
1,419
—
—
Total
feel
03
1
FISCAL
the necessary waterways in place of bridg is
filled as above, 6 stone culvert.-. 10 concrete arch culverts, 2]
pipe culverts and 2 bos culverts were built.
Two hundred and sixty-two wooden box culverts have
been replaced with pipe culverts.
The remaining wooden bridges are being gravel-decked as
a protection from lire, continuing the work begun last year.
The following is the approximate yardage of material
moved during the year in changes of line, reduction of grades,
widening and raising banks, bridge rilling and ballasting:
807,404 cu. yds.
in changes of line ami reduction of grades
In widening, raising and generally restoring embank639,722
ments
To provide
i
ice-Pre8iderU
\
Ml
0]
EAR.
riiese figures do not Include the Spokane Falls a
Vote,
Railway System.
Gross Earnings.
Per
190.')
Cent.
38
46
03
05
54
S43, 526,088 46
Northern
Per
1904
Class.
75.85 133,013,722
is:;s
8,000,467
1,035,937
2.38
1.14
196,319
979,042
2.25
Cent.
$29,944,300 32 74.75
7,747,300 50 19,34
1,017,204 25 2.54
Freight
Passenger
Mail
Express
Miscellaneous
474,97135
873,576
Total
1.19
2.18
.N7
840,057,353 29
Operating Expenses.
I'ir
1905
18.80 SIO.463,218 33
3,749,13128
17.49
25.98
5,571,188 72
Cent.
1,658,388 68
7.73
390,457
713,793
bridges
filling
For ballasting gravel)
,
GROSS EARNINGS, OPERATING EXPENSES, TAXES AND
IRNINGSOl rHE RAILWAY SYSTEM, wni'l.i; Mill
ROAD OPERATED, FOB THE FISCAL Yl'.u; i\
\i; 30 1905, COMPARED Willi THE PREVIOUS
"
.7,118 feet
-
ill l.i.
.11
80
.
\\.
I
IS
91
l
>v.
In
1253
replacement.-,
All
-JT\
(overhead, replacing Iron).
Total
—
$21,441,927 01
Per
1904
Cent.
Conducting Transportation $10,740,242 22 52.15
Maintenance of equipment.
3,138,693 23 15.24
Maintenance of Way and
Structures
5,083,263 91 24.68
General Expenses
1,632,163 22 7.93
Class.
Total
$20,594,362 58
2,551,376 cu. yds.
Total
There were also placed on old
lines
3,557 cu. yds.
7,135
44,294
Masonry
Concrete
Riprap
54,986 cu. yds.
Total
Following the plan of previous years, only such amounts
as represented cost of actual additions to and improvements
of the property have been charged to "Additions and Improvements," and the entire amount charged to that account
during the year on the lines leased from the St. Paul Minneapolis & Manitoba Company, or SI, 117, 972 42, has been
1905
$43,526,088 46
21,441,927 01
Summary of Earnings and Expenses.
1904
Gross Earnings
...$40,057,353 29
Operating Expenses
20,594,362 58
822,084,161 45
1,516,922 62
Net Earnings
Taxes
819,462,990 71
1,417,980 37
$20,567,238 83
Income from Operation
$18,045,010 34
49.26
52.75
$7,605 04
3,746 41
to "Fund for Permanent Improvements and
Renewals," so that the Great Northern Railway Company
is not carrying on its books as an asset the cost of any additions to or improvements of the lines leased from the Mani-
transferred
Operating Expenses, per cent of Gross
Earnings
51.41
Operating Expenses and Taxes, per cent
of Gross Earnings
54. 95
Gross Traffic Earnings per Mile of Road..
Operating Expenses per Mile of Road
87,124 12
3,662 67
Net Earnings per Mile of Road
83 ,858 63
Average Miles of Road Under Operation.
5,723.32
toba Company.
$3 ,46 1 45
5,622.78
STATEMENT SHOWING THE REVENUE FOR THE YEAR ENDED JUNE 30 1905 OF THE GREAT NORTHERN RAILWAY COMPANY
AND PROPRIETARY COMPANIES.
Miscellaneous
Companies.
Great Northern Railway
Railways
.\:
Sioux Falls
Duluth Watertown
&
Ry
Pacific
Ry
Total Railway System Proper
Other Companies
$43,526,088 46 $21,441,927 01
—
Spokane
& Northern Ry. System
Falls
Operation.
1,107,990
307,951
57,881
32,172
Minneapolis Union Ry
Minneapolis Western Rv
Duluth Terminal Ry
Total for System
695,923
106,636
35,510
18,672
37
25
84
95
—
Dividends.
Out of the net income of the Companies
Montana Central Railway Company
named
367,297
200,188
20,632
13,500
44,769 48
1,126 13
1,738 83
1,178,435 84
563,339 01
48,713 44
34,754 30
5,063 29
162 50
558,275 72
48,550 94
$1,507,040 32 822,074,279 15
$1,516,922 62 $20,567,238 83
66
96
74
95
$45,032,084 87 $22,298,671 32
$1,467,060 23 $20,283,790 86
,143,681 54
54,204 73
71,129 41
6,600 22
Total.
Received.
$1,384,988 26, $18,816, 730 63
1,220,446 34
1,014,220 99
52,857 02
2,418,332 61
1,643,626 12
108,008 18
Income
Income from
Taxes.
S39,356,121 55 $19,154,402 66
—
Montana Central Railway
Willinar
Operating
Expenses.
Gross
Earnings.
385,433
209,921
20,633
13,500
18,136 13
9,733 54
1 00
23
16
27
00
70
27
00
$1,534,910 99 $22,703,767 48
$1,564,557 06 $21,168,856 49
Explanatory Note.
the following dividends have been declared:
$500,000 00
350,000 00
50.000 00
&
Sioux Falls Railway Company
Minneapolis Union Railway Company
Willmar
36
Total..
$900,000 00
which amount
not included in the "Miscellaneous Income" of the Great Northern Railway as given in the above table, but is added to the
"Miscellaneous Income" in the income account on next page.
Duluth 7
This Company is the owner of the railway used by the Great Northern Railway to secure entrance into Duluth,
,'v. Co.
and c
Under the franchise of the
ards in Duluth.
Its stock and bonds are all owned by the Eastern Railway Co. of Minnesota.
Duluth Terminal Railway Co. its earnings derived from trackage are limited to six per cent on its stock and bonds; the interest and dividends
paid, amounting to $13,500, are not included in the "Miscellaneous Income" above shown.
is
—
REVENUE ACCOUNT GREAT NORTHERN RAILWAY COMPANY.
Brought forward
/,'(
Earnings from Operation of the Lines Leased and Operated by the Great
Northern Railway Company, Year Ended June 30, 1905.
Earnings
818,816,730 63
From which have been paid
nials —
To St. P. M. & M. Ry. CoGuaranteed Interest on St. P. M. & M.
Ry. CO.'S Bonds, paid and accrued...
83,442,215 32
-
Guaranteed Dividends of 6', on Capital
Stock of St. P. M. & M. Ry. Co..
—
1,200,000 00
8,394 64
Malnl .of Organi. ol SI P. M.& M.Rv.Co.
- Eastern Ry. Co. of Minnesota
Guaranteed Interest on Bonds and Guaranteed Dividends of 6
on the Stock of
t. Ry. of
Minn., paid and accrued
Other Rentals
.
Freight
nger
Mail
Express
Mi-eellaneous
$29 ,»,{s ,7'._>
7,383,147
968,015
467,602
59
33
77
908,>;9.'S
67
i
%
19
Gross Earnings
$39,356,121 55
—
i
I
Equipment
of
Road and Structures
General Expenses
Total Operating Expenses..
Taxes
$6,136,821 26
Total rentals..
From which deduct amount received by
Operating Expenses
-'
ransportation
of
1,395,000 00
91,211 80
.
..
Northern Ry. Co. as dividends paid
and accrued on Stocks of the St. P. M 4 \i
i:
Co.,<kEasl i:
Co.of Minn.ownedbyit
$9,212,407 62
3.449,062 58
6,062,610
Net Rentals
fund
1,440,331
119,164,402 66
1.3S4.988 26 20,539.390 92
for
Perm.
In
als
2,136,266 50
$4.001. 554 7-.
3.000.000 00
Balance transferred to Income Account.
Income from Operation
$18,816,730
I
7,001,554 76
Total
$1
.si">.i75
1
87
THE CHRONICLE.
1251
INCOME ACCOUNT GREAT NORTHERN RAILWAY COMPANY.
Year Ended June 30, 1905.
Balance transferred from Revenue Account.
Other Income
$11,815,175 87
—
on Bonds Owned
Dividends on Stocks Owned
Rentals of Leased Lines.
Bills Receivable (Land Notes)
Rental of Equipment and Car Service
General Interest. Exchange and Discount..
Income from Other Sources ground rents,
Interest
—
miscellaneous items, etc
Against which have been charged
Interest Paid and Accrued on £1,500,000
Sterling Loan of December 1 1903-1905..
—
Dividends, as follows
on $124, 139, 200
Aug. 1 1904
Nov. 1 1904 lii% on 124,149,200
on 124,203,000
Feb. 1 1905 1 3
on 1 24,300,600
May 15 1905
A%
2,380,560 23
ST.
9,058,360 00
STATEMENT OF BONDS AND STOCK OUTSTANDING IN THE
HANDS OF THE PUBLIC FOR WHICH THE GREAT NORTHERN RAILWAY COMPANY IS RESPONSIBLE DIRECTLY
OR UNDER GUARANTY.
St.
Outstanding
July 1 1905.
Annual Charges
Paid 1904-05.
P.M. &M. Ry.—
6%
Dakota Exten., 6%
Cons Mtg., 6%
6,790,000
..
5,073,000
13,344,000
Con.Mtg.,4H%
19,322,000
Montana Exten., 4%. 10,185,000
Pacific Extension, 4% al9,393,939
00
00
00
00
00
39
Total shown on previous page
416,235
313,740
800,640
869,490
407,400
634,710
00
00
00
00
00
32
3.442,215 32
Eastern Ry. of Minn.
1st Div., 1st Mtg., 5%
North. Div.,lstMtg,4%
1st Mtg.,
1st Mtg.,
&
Willmar
3,646,000 00
1st
Mtg.,
PAUL MINNEAPOLIS & MANITOBA RAILWAY COMPANY'S
SINKING FUND ACCOUNT, CONSOLIDATED
MORTGAGE BONDS.
1
1904.
balance to credit of Sinking Fund, as per
$61,280 94
June 30, 1905. From Land Department as per Land Commissioner's Report below
769.658 91
Revenue Todd County lands
1,027 99
Total Credits
$831,967 84
Debits.
To Bonds purchased by Trustees and canceled
834 ,450 85
Balance, being amount overdrawn by Sinking Fund and temporarily advanced from current funds, to be repaid out of
land collections during the fiscal year ending June 30 1906. .
$2,483 01
REPORT OF LAND COMMISSIONER ST. PAUL MINNEAPOLIS &
MANITOBA RY. CO.
To Mr. Louis W. Hill, President,
St. Paul Minneapolis & Manitoba Ry. Co.
360,000 00
200,000 00
Total acreage of Land Grant computed at ten sections for
each mile of road, as formerly construed by Minnesota.. 3,848,000.00
3,646,000 00
182,300 00
2,150,000 00
650,000 00
129,000,00
32,500 00
Total acreage of Land Grant, as construed by United
States General. Land Office
3,479,611.36
Total acreage deeded to Company prior to
June 30 1905
3,224,648.97
Less Decreed to Northern Pacific
RR. Co. by Supreme Court
500,000 00
25,000 00
100,753,939 39
4,806,015 32
5%
•
&M.Ry— 6%
guaranteed,
unexch'd
359,500 00
101,113,439 39
Total
Great Northern Ry. Co.,
outstanding
124,365,625 00
124,129,250 00
Bonds on Railway property, outstanding
—
United States, March 2 1891.. . 365,860.92
Decreed to Northern Pacific RR.
Co. in accordance with terms
of settlement of Nov. 1 1897.
to United States
Redeemed
48,956.08
4,863.74
Net acreage deeded to Company
Stock
97,097,054 54
By
last year's report
Sioux Falls Ry.
way Property
448,600 00
193.249 67
BABCOCK.
H.
6,000,000 00
4,000,000 00
6%
5%
Total Bonds on Rail-
P.M.
are
Dear Sir: I respectfully submit the following report of
operation of the Land Department for the year ended June 30
1905.
Minn. Western Ry.
1st Mortgage, 5%
500,000 00
St.
Company, which
235,000 00
200,000 00
Minneapolis Union Ry.
1st Mortgage, 6%
2,150,000 00
1st Mortgage, 5%
650,000 00
96,648,454 54
859.85
$5,115 00
5 95
132,587 15
2,367 44
4,700,000 00
5,000,000 00
Montana Central Ry.
6,000,000 00
4,000,000 00
—
$
$
2d Mtg.,
4,700,000 00
5,000,000 00
21,301,110
CHARLES
page 38 of
00
00
00
00
00
54
3 18
Operations During the Year
July
7,171,000
5,463,000
13,344,000
19,294,000
10,185,000
14,545,454
404,362,890
$1,287,670 78
Sales, acres
Amount sold for
Average price per acre
Receipts of Land Department
Disbursements of Land Department
Amount of deferred payments due
bearing interest at six per cent
$5,137,376 10
Balance, transferred to Profit and Loss
Bonds.
425,660.90
canceled
$364,500 00
2,172,436 00
2,172,611 00
2,173,552 50
2.175,260,50
l%%
Outstanding
1 1904.
$
425,664,000
Land Commissioner.
\%%
July
Acres.
total acreage earned is
Of which there has been deeded to the Comp'y
Total acreage sold to June 30 1905, less sales
Remaining unsold June 30 1905
814.195.736 10
Total Income...
Acres.
The
Value of same
Average price per acre.
$392,226 60
973 ,325 00
IJ9.851 55
4,013 32
291,501 06
304,201 90
295,440 80
[Vol. lxxxi
above
Outstanding Capital Stock of Great Northern and
M. &M. Railway Companies
as
ftiVe/24,733
50
Total acreage sold prior to June 30 1905
Less sales canceled
3,000,598.50
331,624.52 2,668,973 98
Remaining unsold June 30 1905
810,637.38
8,693,860 00
St. P.
124,725,125 00
225,479,064 39
Mileage of Track in System, including second, third,
fourth and fifth tracks covered by above capitalization.
Stocks and Bonds per mile of Main Track
Mileage of Main Track covered by bonds in hands of the
public
Bonded Debt outstanding per mile of Main Track covered
thereby
2,804,968.23
4,830,748 82
$100,753,939.39
Total Capitalization of System
419,680.74
6,208 73
36,316 46
4,834 20
20,841 91
a Not including £2,000,000 St. P. M. & M. Ry. Co.'s Pacific Extension
Bonds in Treasury of Great Northern Railway Company.
6 Difference between amount of rental accrued under lease and dividends received and accrued on St. P. M. & M. Ry. Stock owned by
Great Northern Railway Company.
In addition to the bonds above listed, the Great Northern and Northern
Pacific Companies have issued their Joint C. B. & O. Collateral 4% Bonds
and Scrip to the amount of $215,223,200 00, secured by deposit with the
Standard Trust Co. of New York as Trustee, of 1,076,116 shares of the
Capital Stock of the Chicago Burlington & Quincy Railroad Company.
Owing to sales and other disposals of land within the limits of the Grant
by the United States prior to the time at which this company's right
attached, a final adjustment of the Grant by the Government, "which is
approaching completion, will reduce the above area by about 650,000
acres.
During the year ended June 30 1905 3,939.93 acres of land were sold for
$44,918 26, an average of $11 40 per acre. There were sold 52 lots for
$3,065 00, an average price per lot of $58 94.
The number of land sales during the year was 67, with an average of
about 58.81 acres to each purchase.
CASH RECEIPTS OF LAND DEPARTMENT FOR THE YEAR
ENDED JUNE
Cash Sales and Instalments
of Principal
30 1905.
on
New Land Con$9,108
708,881
3,730
64,807
tracts
Amount
Amount
Amount
Amount
of Principal received on Old Contracts
received for Trespass, Stumpage, Grass Sales, etc..
received for Interest on Old and New Contracts
received for Principal and Interest on Town Lot
5,242 32
Contracts
Less Expenses of
$791,770 26
22,111 35
Land Department and Trustee
$769,658 91
Net Receipts
EQUIPMENT OF GREAT NORTHERN RAILWAY COMPANY AND Amount of Deferred Pavments due this Company on Land
PROPRIETARY LINES.
...$1,422,241
Contracts bearing interest at 6%
Amount of Deferred Pavments due this Company on Town
For the Year Ended June 30 1903 as Compared with Year Ended June
6,599
Lots bearing Interest at 6%
X
l '~'
30 1905.
Class.
1905.
Locomotives
Passenger Equipment
Box andStockCars
Coal, ore, flat
and sand cars
•
Work Equipment
Land Commissioner's Report.
Mr. James
'
'-'
1904.
707
708
559
543
23,298 22,809
7,979 7,982
1,593
1,584
J. Hill, President:
Dear Sir: I respectfully submit the following report
regarding the Minneapolis & St. Cloud Land Grant for the
fiscal year ended June 30 1905.
31
45
74
44
75
80
$1,428,841 55
Referring to that portion of report for the year ended June 30 1893
relating to lands lying within the limits of the grant on what is now the
Dakota side of the Red River, the Company has re-conveyed to the United
States a total of 64,277.92 acres, for which the Company is authorized to
The Company has selected, to
locate an equivalent amount elsewhere.
June 30 1905, 62,367.39 acres in lieu of a part of the above amount.
The following are the sales during the year of lands so selected:
—
259.88 acres for $2,913 50 an average per acre of
Receipts during the year
$11 21
,
$8,066 96
Taxes paid. Expenses of Examination and Selection of Land
and other disburements made during the year in connec5,805 14
tion with Grant
The remaining lands are in process of adjustment with the Government.
CHARLES
H. BABCOCK,
Land Commissioner.
—
—
1
—
.
THE CHRONICLE.
Oct. 21 1905.
1255
CONDENSED GENERAL BALANCE SHEET JUNE
Being
<i
30 1005.
Consolidation of the General Balance Sheets of that Date of
tlu
St. Paul Minneapolis & Manitoba R> Co., Great Northern Ry. Co., Eastern Ry. Co. of Minnesota, Montana Central Ry. Co., Willmar
Falls Ry. Co., Duluth \\ atcrtown & Pacific Ry. Co., Seattle & Montana RR. Co., Park Rapids & Leech Lake Ry Co.,
Minneapolis Union R> Co., Minneapolis Western Ry. Co., Dakota ft (ireat North. Ry. Co.,
.
&
Sioux
.
Montana
ft
Great North. R\. Co. and Ihiluih Terminal Rv. Co.
Dr
Cr.
Capital Stock,
Railway Property.
To Cost of Railway, Equipment and
Lands owned by the Si Paul Minneapolis ft Manitoba Rv. Co
9129,870,062 40
Cost of Additions and improvements
made by the Great Northern Ry.
Hii
.
Co. to Property leased from the St.
P. M. A M. Ry. Co. and paid for
from "Fund for Permanent
provements and Renewals"
Capital Stock of Great Northern Rv.
$124,365,625 00
Co. Issued and Outstanding
Capital Stock of the
MinneSt.
Paul
Im8.S25.424 36
Total Cost to June 30 1905 of Property leased from St.
S13S.195.4S6 82
P. If. A M. Ry. Co..
Cost of the tallowing Properties controlled by the
Great Northern Ry Co. through ownership of their
entire Share Capital
Eastern Ry. of Minnesota
— Railway,
$29,260,182 24
Equipment, Elevators, etc
Mont. Cen. Ry.— Ry. and Equip.
15,396,342.74
Willmar A Sioux Falls Ry. Railwav, Equipment and Real Estate
9.258,519 02
2,252,598 91
Dul. Wat. A Pac. Ry.—Railway.
Mon.
&
Equip.
Sea. A
RR.— Ry.
19,535,215 51
Park R. & L. L. Ry
1,022,984 99
Ry.& Equip.
Minn. On. Rv. Un.Dep.Ry., etc.
3,162,941 66
752,1(17 4S
Mum. West." Ry.— Ry. & Equip..
Dak. <fc Gr. No. Ry. Railway
2,147,522 56
Mont. A Gr. No. Rv. Railway
3,178,161 97
(Exclusive of S6, 910.000 00 St. P.
M. & at. Ry. Improvement Bonds
A Manitoba
$20,000,000 00
Ry.Co
apolis
owned by Great
Northern Ry, Co.
Less
359,500 00
Total Capital Stock Outstanding in hands of PublicS124,725,125 00
Funded Debt
in
Hands
of Public.
Paul Minneapolis &
Principal and Interest
Manitoba Ry. Co.'s Bonds
of which are
guar, by the Great North. Ry. Co. $74,107,939 39
Bonds of Proprietary Companies,
Principal and Interest guaranteed
26,646,000 00
by Great Northern Ry.Co
St.
—
——
Total (details on previous page)
N. P.-G. N. Joint C.
not shown contra.)
B.
&
Ry., the
.
.$100,753,939 39
Q. Collateral
4% Bond and Scrip$215,223,200
S85,966,637 07
Cost of Duluth Terminal
19,640,500 00
(see contra)
Outstanding
—
—
Authorized Capital Stock of the Great
Northern Rv. Co. issuable June 30
$125,000,000 00
80 1905.
Less Amount held in Treasury of Company, as explained on page 1249...
634,375 00
00
Less Northern Pacific
Ry. Co.'s Proport'n 107,611,600 00 107,611,600 00
Bonds and
entire Capital Stock
or Tliich are owned by the Eastern Ry. Co. of Minnesota
396,541 28
Sterling
1905,
Loan of December
£1,500,000@$4 86.
1903-
1
7,290,000 00
86,363,178 35
Bills
Total Cost of Property of Great Northern Railway
Line
$224, 558,665 17
Other Properties, Securities and Investments.
Cost of Stock in the L. S. T. & Tr.Co.,
owned bv the E. Rv. Co. of Minn...
S15.700 00
Cost of Stock of the S. Citv & West.
Ry. Co., owned bv W. & W. Rv. Co.
2,500,000 00
Wise. Cen. Ry. Co.'s Minn. Ter. Bonds
$341,440,038 13
M
11,399,400 00
Current Liabilities.
Of Land Department St. Paul Minneapolis
—
&
Manitoba
Ry.Co.—
Audited Vouchers Unpaid
Unpaid Pay Rolls
Due to Other Companies and
$1,632 90
1,427 30
Indi-
3,908 33
viduals
6,968 53
Of Great Northern Ry. Co. and Proprietary Companies
00
00
00
00
,000,000 00
500.000
500,000
250,000
000,000
above
named
—
Audited Vouchers Unpaid
Unpaid Pay Rolls
Unpaid Coupons, including those
due July
the entire issue of
Bonds of the Duluth
Wat. & Pac. Rv.Co.
Park Rapids A
Leech LakeRyCo.
29,373 74
.& M. Ry. Co.'s Bonds Redeemed
P.
ThrauyhOperation of Sinking Funds.
$5,928,400 00
First Mortgage Land Grant Bonds...
5,471,000 00
Consolidated Mortgage Bonds
St.
Total
$146,196,238 84
Less Par Value of the following Securities owned by the Great Northern
Ry. Co. and not shown contra
The entire Capital Stock of
Eastern Ry. of MinnS16, 000,000 00
Mon. Cen. Ry. Co.. 5,000,000 00
Will. 48. F. Ry.Co.
7,000,000 00
D. W. A P. Rv. Co.
730,000 00
Sea. AMon.RR.Co. 14,000,000 00
And
Car Trust Obligations.
Car Trust Notes Assumed by the Eastern Ry. Co. of
Minnesota, upon purchase of Duluth Superior &
Western Terminal Ry. Due August 1 1905 and
February 1 1906
Total Capital Liabilities
owned by Minn. Union Ry. Co
247,500 00
Cost of Properties and Securities
owned by the Great No. Ry. Co.. 143,433,038 84
Park Rapids A
Leech Lake Ry.Co
Minn. Union Rv.Co.
Minn. West. Rv. Co.
Dak. &G. Nor. Rv.Co
Mon.& Gt.N. Ry.Co
215,655,539 39
1,030,000 00
and Accounts Payable.
1
$1 ,519,916 47
1,523,098 71
1,639,736 86
1905
Unpaid Dividends Great Northern
Ry. Co.'s Stock
Unpaid Interest Sterling Loan
1,375,000 00
536,060 00
13,352 85
5,232,164 89
500,000 00
Deferred Liabilities.
Total
$54,855,000 00
196.405 Shares of Capital Stock of the St.
P. M. A M. Rv. Co. 19,640,555 00
£2.000,000 St. P. M.
& M. Ry. Co.'s Pacific Ex. Mtg. Bnds.
9,696,967 70
St. P. M. A M. Ry.
Co.'s Imp. Bonds ..
5,000,000 00
$721,940 45
47,316 66
Accrued Taxes not due
Bond Interest, Accrued, not due..
Rental of St. P. M. & M. Ry. Co.,
D. S. & W. T. Co., and Eastern
Ry. Co. of Minnesota, Accrued,
not due Less Accrued Dividends
on Stocks of those Companies
owned by the Great Northern
Ry. Co
89.192,469 70
308,875 00
1,078,132 11
Cost of Properties, Securities and Investments after
deducting Par value of Stocks and Bonds not
shown contra
57,003,769 14
Goat of Securities in hands of Trustee of N. P.-G. N.
Joint C. B. ft Q. Bonds and Scrip, as Collateral
a, 076, 116 Shares of C. B. & Q. RR. Capital Stock
Great Northern Ry. Co. one-half owner)
109,112,909 76
Total Capital Assets
$390,675,344 07
St.
Paul Minneapolis
Cash
&
Manitoba Ry Co.
Advances made to
Trustee for Redemption of Consolidated Mortgage Bonds to be
repaid out of Land Dep. Collections year ending June 30 1906..
Bills
Receivable
2,483101
Value of Material and Fuel on Hand
provements and Renewals
$14,695,108 16
for Replacement of Equip1,199,767 77
ement
389,329 56
Insurance Fund
Surplus Funds of Proprietary Companies deposited with the Great
Northern Ry. Co
8,015,650 35
21,299,855 84
Profit
Balance
1
.!
5,869,683 80
Fund
6,968 53
Other Companies and individuals.
$8,825,424 36
Unexpended Balance of "Fund for
Permanent Improvements and
Amount deducted from Income to provide for future Im-
Of Great Northern Ry. Co. and Proprietary Co.'* above named.
Cash in St. Paul Office.
$452,516 48
Cash in New York Office
4,1 14,296 07
Casta in London Office
282,958 79
Due from Agents.
,605,914 96
Due from I". S. Post Office Dept...
261,423 56
Due from (J. B. Transportation
Due from Canadian P. O. Dept
Advanced Charges
Permanent Improvem'ta and
Renewals"
for
Total
$4,485 52
Temporary
_
Cost of Additions and Improvements made by the
Great Northern Rv. Co. to Property leased from
St. P. M. & M. Ry. Co. and paid for from "Fund
Renewals"
Current Assets.
Of Land Department
Contingent Liabilities.
st.
Paul
and Loss.
Minneapolis
&
Manitoba Ry.Co
Great Northern Ry. Co. and abovenamed Proprietary Companies,.
37, 285 51
473 24
311,726 42
S2, 037, 211 10
20,730,358 34
22,767,560 44
2,813,106 97
2,567,932 62
12,172,634
3,369,181
'il
7:;
$406,224,128 94
1406.224,128 94
THE CHRONICLE.
1256
[Vol.
lxxxl
STATISTICS OF FREIGHT ANIJ PASSENGER TRAFFIC ON SYSTEM (BUT NOT INCLUDING
.SYSTEM)
FOR THE YEAR ENDED JUNE 30TH
SPOKANE FALLS & NORTHERN RY.
COMPARED WITH THE PREVIOUS YEAR.
1905,
Increase.
1905.
Description.
Freight Traffic—
Mileage of Freight Trains
Mileage of Mixed Trains
—
Total
--
Total Car Mileage
435,440
52,900
6.2534
10.0111
7,980 000
7,491,660
488,340
6.5184
208,509,803
89,609,939
185,538,037
71, 24:;, 0D7
Dicr ease
7.9919
16,357
3.3405
Increase
22,971,766
12.3812
25. SO 48
18,420,872
298,179,742
256,781,104
41,398,638
17,535,789
14,245,129
3,290,660
Revenue
of Freight Carried,
Per Cent.
6,963,240
528,411
204,670
188,313
2 3598
Mileage of Loaded Freight Oars
Mileage of Empty Freight Cars
Amount.
7,398,089
581,311
Mileage of LocomotiTes employed in "helping" Freight and Mixed Trains
Percentage of "helping" to Revenue Train Mileage
Tons
1904.
2.
7320
16.1222
i
23.1002
Deer
Company
2,071,507
Revenue Freight Carried One Mile
Total Tons Carried One Mile (Revenue and Company Freight)
of
Earnings from Freight Traffic
Averages
All Cars Hauled per Freight Train Mile
Tons Revenue Freight Hauled per Train
—
4,170,160,658
4,600,809,944
§33,512,743 53
3,351,802,089
3,776,116,879
$30,391,866 97
Tons Revenue Freight Hauled per Loaded Car
Earnings per Freight Train Mile.
Earnings per Ton per Mile
Cents
•
Increase
3,038,676
18.3399
16,568,620
37
576
000
20
37
522
20
$4
.792
10.8451
251,984
19,607,296
Total
Tons
2,323,491
|
24.4155
21.8397
10.2688
818,358,569
824,693,065
S3, 120,876 56
34 28
447 404
18 065
$4 .06
Cents
14.00
.893
Cents
.101
Cents
9.0140
16.8018
10.7113
3.4483
3.09
75.172
1.935
Deer ease
11.3102
|
—
Passenger Traffic
Mileage of Passenger Trains
6,617,297
89,297
6,528,000
1.3679
Deer' ease
Mileage of Locomotives Employed in "helping" Passenger Trains
Percentage of "helping" to Revenue Train Mileage
29,719
60,652
4491
51.0008
30,933
0.9291
34.6405J
Incri.ease
4,711,234
335,524,414
$9,979,757 58
Passengers Carried
Passengers Carried One Mile
Earnings of Passenger Trains
Averages
Earnings per Passenger Train Mile
Earnings per Passenger per Mile
Total Trains
Mileage of Freight and Passenger Trains
Earnings from Freight and Passenger Trains
Earnings per Train per Mile
Expenses per Train per Mile
Net Traffic Earnings per Train per Mile
—
$1 5081
Cents
—
2 384
14,597,297
$43,492,501 11
2 98
1 47
1 51
—
Note. -The Train, Locomotive and Car Mileage figures given above have been compiled and
ance with the rules of the Inter-State Commerce Commission.
i?!t
—_
.
.
287,683
9,781,196
$339,825.96
4,423,551
325,743,218
$9,639,931.62
Cents
$1.4767 Cents
2.378 Cents
3.14
.006
577,637
$3,460,702.52
14,019,660
$40,031,798.59
2.86
1.47
1.39
all
6.5034
3.0027
3.5252
2.1264
0.2523
.12
4.1202
8.6449
4.1958
.12
~8~6331
computations based upon them made in accord__
9
THE CHICAGO ROCK ISLAND & PACIFIC RAILWAY COMPANY.
EXTRACTS FROM THE TWENTY-FIFTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
To
the Stockholders of
Chicago Rock Island
& Pac.
Rock Island System
Ry. Co.
The Board
of Directors herewith submit their report of
the operations and affairs of the Chicago Rock Island &
Pacific Railway Company for the fiscal year ended June 30
Included therein are the operations and affairs of the
1905.
operated lines and auxiliary companies forming the Rock
DividendNo.
DividendNo. 99,2
Dividend No. 100, 2
—
Lines Operated
Chi. R. I. & Pac. Ry. Co
Chi. R.I. & El Paso Ry. Co
Chi. R.I. & Gulf Ry. Co
7,205.34
288.00
1,505.51
Average mileage operated during the year, 7,231 91.
INCOME ACCOUNT.
Year Ended June 30, 1905, Compared with Previous Year.
Average mileage operated
Earnings—
Freight
Passenger
Mail
Express
Miscellaneous
Total
.
44,051,509 14 44,969,491 42
—
27
6,848,127
5,119,993
60 18,355,824
22 1,450,947
17
02
98
57
72
per cent paid October 1904
per cent paid January 1905
per cent paid April 1905
$1,683,324 00
1,496,648 00
1,496,650 00
$4,676,622 00
GROSS EARNINGS.
Gross earnings decreased $917,982 28, or 2 per cent.
While there was a decrease of $1,504,620 04, or 4.8 per cent
in freight earnings, this was partially offset by the increase
in passenger and express earnings.
The heavy decreases were in grain, flour, five stock, bituminous coal, coke, products of the forest, and merchandise.
The decrease in grain tonnage was in consequence of the very
This was also
light wheat crop in Kansas and Oklahoma.
the immediate cause of the decrease in flour tonnage and the
Increases in
indirect cause of losses in other commodities.
tonnage of cotton, fruit, vegetables, other agricultural prod
ucts, meats, anthracite coal, sand, stone, and like articles;
also manufactured articles and miscellaneous car-load commodities, were not sufficient to overcome the heavy decreases
in the commodities mentioned.
Gross earnings for the months of January and February
combined show a decrease of $632,729 14, or about twoIn those months
thirds of the entire decrease for the year.
the extremely unfavorable weather conditions, almost without precedent, caused serious and costly interruption of
,
Inc. ( + ) or
1904-05.
1903-04.
Dec. (— ).
7,231.91
7,205.14
+26.77
$
$
$
29,662,386 08 31,167,006 12 —1,504,620 04
12,050,78144 11,697,033 15
+353,748 29
1,137,272 14
1,145,768 07
+8,495 93
-789,366 01
1,069,473 08
+280,107 07
123,100 47
178,814 00
—55,713 53
Operating expe7ises
Maint. of way & structures. 5,818,982
Maintenance of equipment. 5,763,117
Conducting transportation. 18,094,072
General expenses
1,382,037
Year Ended June 30 1905.
Total
Island System.
The lines included in this report and miles of track operated as of June 30 1905 are as follows:
Miles Second
Miles of and Third
Miles
Road.
Track.
Sidings.
6,705.33
288.00
1,430.14
111.50
15.84
388.51
59.53
—Dividends Paid During
98, 2)4'
30 1905
—917,982 28
— 1,029,144 75
+643,123 19
—
261,75197
traffic.
31,058,209 26 31,774,893 29
—716,684 03
Passenger earnings increased $353,748 29, or 3 per cent;
express earnings increased $280,107 07 or 35.5 per cent.;
miscellaneous earnings decreased $55,713 53.
Net earnings
Otherincome..
12,993,299 88 13,194,598 13
1,526,17189 1,333,833 65
—201,298 25
+192,338 24
CAPITAL STOCK.
Totalincome
14,519,47177 14,528,43178
—8,960
Total
—68,910 50
01
1,609,989 61
8,176,372 99
1,437,577 76
+172,41185
7,062,655 70 +1,113,717 29
9,786,362 60
8,500,233 46 +1,286,129 14
Available for dividends.. 4,733,109 17
4,676,622 00
6,028,198 32
1,295,089 15
5,985,060 00 —1,308,438 00
Taxes
Interest
and
rentals
Total charges
Dividends
Surplus
56,487 17
—
43,138 32
+13,348 85
capital stock of the Chicago Rock Island & PaRailway Company outstanding at the close of the
last fiscal year was $74,818,100, which has been increased
during the year by the issue of $24,500 in exchange for
a like amount of capital stock of the Burlington Cedar
Rapids & Northern Railway Company.
The amount of capital stock shown on General Balance
Sheet as outstanding June 30 1905 represents:
The
cific
— —
Oct.
i'I
THE CHRONICLE.
1905.,
ofThe Chicago Rock Island
way Company Issued and outstanding.
Capital stock
.v-
Pacific Rail-
Capital stock of the Burlington Cedar Rapids
ern Railway Company and Rock island <v Peoria Railway Company outstanding, for the purpose of taking up
which there is resen <-<l a like amount ol the capital stock
of The Chicago Rock Island & Pacific Railway Co...
>v.
Total authorized capital stock of The Chicago
Island A Pacific Railway Company
157,400 00
Rock
I
miles.
expired December 31
as of
187,900 shares of the stock of
S10, 000,000
The Chi. .V Alton Ry. Co
Equipment cold bonds of the
Hock Island Improvem'l Co.. 4,600,000 $14,500,000
For additions, Improvements and equipment,
1905 fund
For an euiuU amount of general mortgage cold
bonds, issued January 1 1905, for additions
and improvements, said general mortgage
cold bonds having been deposited with trusof first and refunding cold bond mortgage
For redemption of matured obligations
Collateral trust notes of D. R.
Francis and Joint Scullin
§4,500,000
The Chi. R. I. A: l'ac. Ry. Co.
gold bonds of 1902, series B,
matured May 1 1904 reimbursements of cash expended for
10,000
The Chi. R. I. & l'ac. Ry. Co. gold
bonds of 1902, series C, matured May 1 1905
1,494,000
Choc. Ok. & Gulf RR. Co.'s equip-
—
notes,
matured as
1904
1904
1905
1905
Series
Series
Series
Series
"A".?50,000
trust
Oct.
1
•Aug.
Feb.
Apr.
1
1
1
2,500,000
1,000,000
lease
6,414,000
410,000
$1,494,000
410,000
20,000
1,924,000
SYSTEM MILEAGE UNDER CONSTRUCTION.
22,490,000
Chicago Rock Island & Pacific Railway
Haileyville, I.T., to Wilberton, I. T
Coalgate, I. T., to Lehigh, I. T.
By The
system funded debt June 30 1905
8173,607,000
STOCKHOLDERS' IMPROVEMENT LOAN.
urer of the Company, and to his successor and successors
as such Treasurer, as Trustee, in the sum of $750,000,
which sum it promised to pay twenty years thereafter with
lawful money of the United States, or with full paid shares
of capital stock, as the Company should at the time elect.
The bond further provided that when the same should be
paid the proceeds of said payment should be distributed
to those who should at the time be stockholders of the Company, in the proportion which the number of shares held by
them severally should at the time bear to the whole number of shares of capital stock of the Company then outstanding.
This bond was of like tenor with four other
bonds previously issued, aggregating $7,000,000, all of
which were paid by the Company by the distribution to
stockholders on July 1 1898 of shares of capital stock
aggregating ten per cent of the then holdings of all stockholders, and by the payment for the period from July
1 1898
to January 1 1903 of a special quarterly dividend of one-fourth of one per cent on the capital stock
then outstanding.
In 1886 there was likewise transferred from income
account to Addition and Improvement fund the further
sum of $463,000. This amount, plus certain small unpaid
balances upon Addition and Improvement Bond- Numbers 1 to 4 and plus the face amount of Addition and
Improvement Bond No. 5, constitutes the item appi
ing in the balance sheet of your Company as of June 30
1904, "Stockholders' Improvement Loan $1,222,941."
In accordance with a resolution adopted by your Executive Committee a1 a meeting held on June 5 1905, the
amount of the foregoing Addition and Improvement Bond
No. 5, 1750,000, and the further sum of $463,000 so transferred from income account to Addition and [mprovemenl
fund, plus the amal] unpaid balance-, a total of $1,222,0 11,
on June 17 ]<)().; paid to the stockholders of The
[Island &
Railway Company as of
Pacific
record June
io 1005.
The amount bo distributed
eq dvalent to 1.63 per cent, of the capital stock of the Com-
Rock
pany.
LINES OPENED FOB OPERATION
MILEAGE OPEB
\
I
AND CHANGES
I.V
ED.
Since the last report, changes in operated system mileage have been made as follow.-, resulting in a net decrt
in mileage operated of 53.58 miles.
—
11.13 miles
6.52 miles
—
the
St.
Company
St. Louis Kansas City
& Colorado Railroad Company and
Kansas City-Rock Island Railway Company
Louis, Mo., to Kansas City, Mo., and Spurs
304.41 miles
By The
1885 your Board of Directors transferred from income account to the credit of Addition and Improvement
account the sum of $750,000. Thereupon the Chicago
Rock Island & Pacific Railway Company issued its Addition and Improvement Bond No. 5, wherein the Company acknowledged itself to be indebted to the then TreasIn
Chicago
—
As of midnight on that date the property was relinquished and restored to the owners in accordance with
the terms of the contract.
A new contract, effective January 1 1905, was entered
& Ft. Dodge Railroad Cominto with the Des Moines
pany for the joint use of the line between Valley Junction,
near Des Moines, and Gowrie. This latter contract contains the usual provisions for the payment of the rental,
taxes and proportion of expenses of operation and preserves a through line from Des Moines to Gowrie and points
northwest thereof.
Ket increase in funded debt
of
Company
31 1904.
as follows:
The Chi. R.
NEW
Gulf Railway
under which The Chicago Rock Islam! &
Railway Company operated the railway of the Des
Moines & Ft. Dodge Railroad Company, extending from
Valley Junction, near Des Moines, to Ruthven, Iowa,
and from Tara to Ft. Dodge, Iowa, expired on December,
The
824,414,000
Amount
it
Correction in mileage, Bridgeport, Texas, to Graham,
Texas, by including spur to coal mines at Bridgeport,
increase 1 .S3 miles.
Pacific
and has been reduced by the redemption of matured obligations
I. ft Pac. Ry. Co.'s
gold bonds of 1902 matured
Mav 1 1905
Choc Ok. & Gulf RR. Co. equipment trust notes as above
Little Rock Bridge Co. bonds..
1904.
Chicago Rock Island
Gowrie, Iowa, to Ruthven, Iowa, and Tara, Iowa, to Ft. Dodge, Iowa.
"B". 70,000
"B". 70,000
"C". 220,000
By The
De Vails Bluff, Ark., to Dcs';Arc, Ark.
Active construction of this line was begun on June 21
1904, and the road was completed and placed in operation on November 28 1904, thus affording a direct connection between the main line of the Choctaw District
and the line of road from Des Arc to Searcy, Ark., purchased from the Searcy & Des Arc Railroad Company on
The road so constructed is 13.63 miles
March 24 1904.
in length, is laid with 67-pound steel rails on oak ties,
on a virtual grade of three-tenths of one par cent.
—
ment
Gowrie, Iowa, to Ruthven, Iowa, and Tata, Iowa, to
Dodge, Iowa, 77.70 miles, relinquished through lea e
Fort
5151,117,000
June 30 1904 was
This has been increased during the year by the issue of
The Chi. R. 1. & l'ac. Ry. Co.'s Brst and refunding
mortgage cold bonds, viz:
msl the acquisition of securities
follows
—
By The Chicago Rock Island
Pacific Railway Company
DeValls Bluff, Arkansas, to Des Arc, Arkansas, 13.63
miles, opened for operation November 28 1904.
Spurs to coal mines on lines of Choctaw District increased
3.16 miles by additional construction.
Mileage increased through re-measurement of track, 5.50
875,000,000 00
FUNDED DEBT.
The system funded debt
257
.(•
...$74,842,600 00
North-
.
1
By The Chicago Rock Island & Gulf Railway Company
Amarillo, Texas, to Texas-New Mexico boundary
—
69.87 miles
By The Chicago Rock Island & El Paso Railway Company —
Texas-New Mexico boundary to Tucumcari, N. M.
41.12
By
Rock & Southern Railroad Company —
miles
the Little
Traskwood, Ark., to Eldorado, Ark., and Crossett, Ark. ..143.10 miles
576.15 miles
Haileyville,
I.
T., to Wilburton,
I.
T.
Five and one-half miles at the easterly end, and approximately five miles at the westerly end, ballasted, surfaced
and in service handling the traffic of the coal properties
located thereon, are included in the mileage under operation.
Coalgate,
I.
T., to Lehigh,
I.
T.
This branch is under construction from Coalgate, I.
T., a point on the Ardmore branch, Choctaw District, to
Lehigh, I. T., a distance of 6.52 miles, where connection
is made with the tracks of the Atoka MiningCompany.
It
is expected to place the branch in operation before the
close of the calendar year.
To June 30 1905 $16,215 72 has been expended in construction, and it is estimated that a further expenditure
of 343,640 00 will be necessary for completion.
St. Louis, Mo., to Kansas City, Mo.
This line, extending from St. Louis to Kansas City, was
partially opened for traffic on July 1 1904.
During fiscal
year there have been expended for additional construction,
ballasting, etc., $1,711,891 05.
The results of the operation of The St. Louis-Kansas
City bine are not included in the income account and statistic- shown in this report, the line being operated during
the fiscal year by the St. Louis Kansas City & Colorado
Railroad Company, for account of construction.
No work
Amarillo, Texas, to Tucumcari, N. M.
has been done on this line during the
fiscal
year.
Traskwood, Ark., to Illdorado and Crossett, Ark.
Active construction of this line, running from a point
3.58 miles north of Traskwood, Ark., on the Hoi Springs
branch, to Crossett, Ark., L07.50 n
nth a branch
from Summervillc to Eldorado, Ark.. 35.60 miles, total
Tie143.10 miles, was commenced on March 27, L905.
line will run through a timber country, will reach extensive
lumber mills and will develop a large traffic In thai commodity. Connection will be made al Eldorado with the
tracks of the Arkansas Southern Railroad.
THE OHRONTOLE
1258
10 had been expended, and
estimated that $2,769,615 00 additional expenditure
The work is being prosewill be necessary to complete.
cuted vigorously, with a view of having the line completed
for operation in January 1906.
To June 30 1905 $138,324
it
is
EQUIPMENT.
year the following
During the
were acquired and placed in service:
fiscal
new locomotives
10 Atlantic type passenger engines,
20 Pacific type passenger engines.
15 Ten-wheel freight engines, and
20 .Switch engines.
tion
'
|
&
between The Chicago
affiliated
Alton
7 OL.
LTTJl
and your owned and
property
Your company acquired, during the year, all of the
issued and outstanding capital stock of the Arkansas Southern Railroad Company, a corporation consolidated under
the laws of Louisiana and Arkansas, and owning and operating 101 miles of railroad, extending from a point near
Winnfield, Louisiana, to Eldorado, Arkansas, to which
latter point the Little Rock & Southern Railroad (referred
to before in this report) is now under construction.
The
cost of this acquisition is included on the general balance
sheet in item "Advances for construction and equipment."
There has been an increase in available tractive power
Contracts have been made for
of 1,695,025 pounds.
delivery within the calendar year of two balanced compound passenger, thirty-eight freight and ten switch engines
Liberal expenditures have been made in the maintenance and betterment of existing power, the average
amount expended per locomotive being $2,404 41.
New cars were placed in service as follows: 10 chair
cars, 10 first-class passenger coaches, 7 combination cars,
6 postal cars, 1,500 refrigerator cars, 500 box cars, 500 furniture cars, 475 coal cars, 22 cabooses, 250 Hart convertible
ballast cars, 20 Ingoldsby dump cars, 1 steam wrecking
crane and 1 portable derrick.
Of the new equipment, 10 Atlantic type passenger engines, 20 Pacific type passenger engines, 20 switch engines
10 chair cars, 10 passenger coaches, 7 combination cars,
2 postal cars, 1,500 refrigerator cars, 500 box cars, 500
furniture cars, 475 coal cars, 20 Ingoldsby dump cars,
and 250 Hart convertible ballast cars were acquired sub-
This line serves a lumber territory, and the product of the
several mills now moves via rails of its present connecting lines.
After the junction is effected at Eldorado,
a considerable portion of this tonnage can be controlled for
movement via Sytem Lines.
The operation of the Arkansas Southern Railroad Company for the fiscal year ended June 30 1905. resulted as
follows:
Gross earnings
..$458, 847 30
car trust notes issued
by the Rock Island Improvement Company, owner of said
equipment, all of which notes as and when issued are, or
& Pacific
will be, owned by The Chicago Rock Island
about 21,960 acres, on the line of the E. & T. H. RR.Co.
in Sullivan County, Indiana, of the C. & E. I. RR. Co.
in Franklin County, Illinois, and of your company in Dallas
County, Iowa. The future coal supply of your lines has thus
been safeguarded while the traffic of your lines and those of
promises to be benefited by this
its affiliated companies
ownership. The bonds of the Coal Company have been
marketed, your company for that purpose guaranteeing
ject to $4,500,000 of 43^ per cent
Railway Company.
car for maintenance was
$713 71 for passenger; $49 43 for freight, and $56 52 for
The average expenditure per
work
cars.
Contracts have been placed for the delivery within the
calendar year of 10 chair, 2 dining, 1 official and 32 miscellaneous passenger cars, 500 box, 326 Ingoldsby dump,
25 stock, 200 fiat, 25 caboose, 1 scale testing car and 2
steam wrecking cranes.
DEVELOPMENT OF INDUSTRIES.
of industrial development along the line
promotion
The
of your road has been the subject of continued attention.
Many new industries have been located, and considerable
effort directed towards improving the agricultural methods
throughout the farming regions tributary to your rails.
During the year your company constructed, or made
'
•
additions to, 124 side tracks to private industries; also
of coal spurs and extensions were constructed.
a
number
GENERAL.
During the year your company acquired 44,700
Operating expenses
242,289
216,557
905
70,543
146,929
Net earnings
Miscellaneous income
Interest and taxes.
Surplus
Out of the surplus a dividend of $126,200 was declared
and paid, all of which was received by your company.
Your company also acquired during the year $2,500,000
of the 5 per cent bonds and $2,400,000 of the capital stock
of the Consolidated Indiana Coal Company, a Maine corowning
poration,
valuable
B. L.
shares
President.
ROCK ISLAND SYSTEM— PROFIT AND
24,824,929 33
Less
Discount and expenses in connection with
first and refunding mortgage bonds issued.83,177,251 12
Taxes accrued prior to July 1 1904
669,236 02
Depreciation on tracks; structures and equipment, removed, sold or destroyed cost
deducted from capital account
Tracks
$13,740 27
Structures
24,645 76
Equipment
979,845 08 1,018,231 11
Sundry items
rent year's
Profit
and
of loss not chargeable to cur-
income
281,223 59
June 30 1905
loss as of
Material, fuel
and supplies
trust notes
$8,720,513
1,718,614
2,527,658
1,002,835
313,980
98,586
3,895,000
2,188,994
5,403,928
68
62
69
45
37
00
51
66
—
Unadjusted accounts..
LIABILITIES.
mortgage gold bonds issued and held
—
$11,250,000 00
Unpaid vouchers and accounts..
Unpaid wages
Traffic and mileage balances
Matured interest and rentals (payable July
1
1905)
$2,138,581
1,915,230
3S9.338
2,041,764
33
50
39
00
21
$25,870,112 19
Deferred Assets
First and refunding
in the treasury
Current Liabilities
Rock Island Improvement Co. equipment
Treasury securities..
30 1905.
$244,857,000 00
$11,250,000 00
—
$19,678,987 49
$247,075,252 53
71
67
00
treas-
..
5,145,94184
15
$217,434,691
19,778,826
597,812
9,263,922
Current Assets —
Cash
Agents and conductors
Companies and individuals
Loans and bills receivable
United States Government
Express companies..
LOSS.
Balance as of June 30 1904
824,500,857 86
Surplus income for year
56,487 17
Interest accrued prior to July 1 1904 on loans to subsidiary
and construction companies
267,584 30
Capital Liabilities
Capital stock
$75,000,000 00
Funded debt (exclusive of first and refunding mortgage
gold bonds issued and held in treasury)
162,357,000 00
Three year notes, due July 1, 1907
7,500,000 00
Capital Assets:
-
WINCHELL,
October 1905.
—
and refunding mortgage gold bonds held in the
aggregating
properties,
the interest thereon.
ASSETS.
ury
coal
,
ROCK ISLAND SYSTEM— GENERAL BALANCE SHEET JUNE
First
17
65
—
of the preferred stock and 143,200 shares of the common
stock of The Chicago & Alton Railway Company, being
something less than one-half of the issued and outstanding
It is believed that this interest
stock of that company.
will prove a profitable investment by way of securing an
advantageous interchange of traffic and mutual co-opera-
Property and franchises
a Advances for construction and equipment
Stocks and bonds of auxiliary companies
Stock of Chicago and Alton Railway Co
35
95
87
$6,484,914 22
—
Deferred Liabilities
Interest accrued (not due)
Taxes accrued (not due)
Rentals accrued (not due)
—
$2,119,758 21
$758,215 12
Insurance fund
Hospital fund
Equipment replacement fund
Profit
$284,953,579 84
—
Keokuk & Des Moines Ry. Co. account equipment
White and Black River Valley Ry. Co. account equip..
$711,847 50
06
40
25
00
1,013,556
171,622
197,562
25,170
and
loss
$304,902
32,542
225,474
19,678,987
74
22
96
49
8284,953,579 84
a Principally on account of St. Louis-Kansas City line.
In stating the assets and liabilities of the companies forming the system, the holdings of The Chicago Rock Island & Pacific Railway Company
in the bonds and capital stock of the auxiliary lines, together with loans between system companies, have been eliminated from the liabilities
and a like reduction made in the value of the assets; the figures shown, therefore, represent the value of the assets and the liabilities without
duplication.
—
Oct.
l'1
THE CHRONICLE.
1905.
|
ROCK ISLAND SYSTEM SUMMARY OF
II \
1
WC1AL CHANGES, YEAR ENDED JUNE
259
30 1905.
BBSOVRCBS.
Cash on band June 30 1904
$9,067,261 69
$22,490,000 00
8,024.000 00 $30,514,000 00
Funded debt Increased
First and refunding mortgage gold bonds in treasury decreased.
Changes
Dtcrras?
in
accounts, as follows
in current
A ttttl —
$3,243,803 30
Loans and bills receivable
Due from United states Government
.Material, fuel and supplies
-.
—
Increase in Liabilities
Equlpmenl of leased roads
—
.
Unpaid wages
Traffic and mileage balances
Matured interest and rentals
accrued (not due)
Faxes accrued (nol due'
Rentals accrued i,not due)
Hospital fund
Interest
Increase in Assets
-
-
—
--
980 21
183, 080 03
$3,427,863 54
$221 ,732 25
3S6 568 76
00 ,480 43
106 ,943 00
252 ,153 33
652 ,484 62
20 ,225 34
1 ,232 55
1,708,826 28
$5,136,689 82
—
Due from agents and conductors
Due from companies and individuals.
Due from express companies
Unadjusted accounts
Decrease in Liabilities
$73,883
255,777
23,259
29S.248
— balance
78
95
73
55
$651,170 01
—
Unpaid vouchers and accounts
Dividends payable July 1 1904
Unclaimed coupons and dividends (old).
I Qsurance fund
Equipment replacement fund
441,966
1,309,250
20.612
70,306
414,866
21
25
17
47
46
$2,257,001 56
2,908,171 57
2,228,518 25
Total to be accounted for.
32,742.518 25
$41,809,779^94
APPLIED AS FOLLOWS—
Property and franchises
$1,113 ,422 04
2,636 ,542 64
16 ,000 00
9,263 ,922 15
3,895 000 00
619 ,568 06
4,500 ,000 00
5,000 .000 00
1,222 ,941 00
4,821 ,870 37
Advances for construction and equipment
Stocks and bonds of auxiliary companies
Stock Clucago A Alton Railway Company
Equipment trust notes Rock Island Improvement Co...
—
—
Treasury securities
Collateral trust notes paid
Temporary loan, paid April
1 1905
Stockholders improvement loan paid
Net charge to profit and loss account
33,089,266126
Balance, cash on hand June 30 1905.
ST.
$8,720,513 68
LOUIS & SAN FRANCISCO RAILROAD COMPANY.
EXTRACTS FROM THE NINTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE 30TH
To
the Stockholders:
The following report shows the
lines constituting the St.
System (exclusive of the
results of operation of the
Louis & San Francisco Railroad
Chicago & Eastern Illinois RR.),
as well as the financial and physical conditions thereof, for
the fiscal year ended June 30 1905.
The mileage of the System is as follows:
MILEAGE OPERATED.
Side Tracks
Main Second
&
San Francisco Railroad Co.tfy,St. Louis
By
St. Louis & San Francisco RR., Main Line
and
Branches
Kan. Citv Ft. Scott & Memphis Ry., Main Line
and Branches
Kansas City Memphis & Birmingham RR., Main
Line and Branches
Total
By
Companies in System under
organizations
—
RR
&
2,855.06 16.55
572.10
915.18 23.90
352.66
285.66
83.38
4,055.90 40.45 1,008.14
other
St. Louis Memphi9 & Southeastern
Ft. Worth & Rio Grande Ry
St. Louis San Francisco & Texas Ry
Paris
and
Track. Track. Switches.
Great Northern
RR...
Birmingham Belt RR.
Total at June 30 1905...
Total at June 30 1904
Increase
their
own
681.10
195.88
124.61
16.94
104.28
27.46
39.71
6.40
21.17
5,074.43 40.45 1,207.16
4,349.35 40.45 1,106.61
725.08
The average mileage operated during the year was 5,030.45
On January
Inc. or P. C. of Inc.
Gross Earnings
1905.
1904.
Dec.
or Dec.
Freight
$20,111,455 45 $18,776,231 27 $1,335,224 18
7.11
Passenger
7,647,577 55
5,982,083 13
1,665,494 42
27.84
Mail
678,725 66
620,320 26
58,405 40
9.42
Express
871,836 84
762,469 28
109,367 56
14.34
Miscellaneous ...
648,644 26
755.627 35 dec.l06,98309tfec.l4.16
—
Earnings
from operat'n$29,958,239 76 $26,896,731 29 $3,061,508 47
Total
1905 the Company assumed trackage
rights for its freight trains over the Mobile & Ohio and New
Orleans & Xortheasern Railways, between Tupelo, Miss.,
and New Orleans, La., 338.45 miles, under agreements with
those two Companies; also equal rights with the Southern
Railway Company over the tracks and property of the New
Orleans Terminal Company.
The net results from the operation of freight train- over
1st
tracks, Tupelo to New Orleans, as well as this Company's
proportion of the net results from operation of the completed
parts of the property of the New Orleans Terminal Company,
are not included in any of the statistical statement- of this
report, but are included in Income Account in the charge for
"Rentals."
A statement of mileage owner! and operated in detail is
given on pages 73 to 75 inclusive (see pamphlet report
A comparison of the various classes of Earnings and Operating Expenses with those of the preceding year i- as follows:
11.38
The decrease in Miscellaneous Earnings was caused, partly,
by items of rentals of tracks having been credited this fiscal
year to Miscellaneous Income, while in the preceding year
such items were credited to Miscellaneous Earnings, and
partly by reduction in the amount of the Memphis Bridge
tolls collected from other Railroad Companies.
The gross earnings per mile of road operated in 1905 were
$5,955 38, as against $6,378 35 in preceding year; a decrease
of $422 97, or 6.63 per cent.
This decrease was caused by
the added new mileage, which traverses a comparatively undeveloped territory.
Operating Expenses— 1905.
Maint.Way&Struct$3,592,174 25
Maintenance
1904.
P. C. of
Increase.
Increase.
$3,131,14118
$461,03307
14.70
3,414,327 59
10,310,04195
900,74127
116,029 80
853,517 54
110,184 45
3.40
8.28
12.23
of
Equipment
3,530,357 39
Conducting Trans. 11,163,559 49
General Expenses.
1,010,925 72
Total Operating
Expenses ...$19,297,016 85 $17,756,251 99 $1,540,764 86
100.55
miles, as against 4,216.88 for the preceding year an increase
of 813.57 miles, or 19.3 per cent.
1905.
8.70
The following are the percentages of the different Operating Expense Accounts to Earnings, also percentages of
each class of Expenses to Total Expenses and comparison
with previous year:
Peccentapes of
Percentages of
Total Expenses.
1905.
1904.
18.62
17.63
IS. 29
19.23
Earnings.
Maintenance of Way and Structures
Maintenance of Equipment
Conducting Transportation
ml Expenses
Totals
1905.
11.99
11.78
37.26
3.37
1904.
11.64
12.69
38.34
3.35
64.40
66.02
57.85
5.24
58.07
5.07
100.00
100.00
The following are the Operating Expenses per mile
and comparison with preceding year:
Maintenance of Way and Structures
Maintenance <>f Equipment
Conducting Transportation
lllllllllllllll.l
*
...
General
Expenses
,
1
Total
1
190 r,.
$7i 08
„ 701 80
2,219 20
of
road
1904.
1
von
-""
'•"'•
1
so'i t;s
2.444 95
""213 60
$3.836 04 $4.210 76
The decrease in Operating Expenses per mile
or 9.77 per cent.
was $374 72
THE CHRONICLE.
1200
The net Earnings from Operation increased
SI, 520, 743 f5 1
or 17.4 per cent.
Taxes increased $145,937 22, or 21 per cent over preceding
year.
FINANCIAL.
Capital stock
There was no change
during the
is
fiscal
in the capital stock of the
Company
The amount authorized and issued
year.
as follows:
Issued.
Authorized.
85,000,000 00
Common
85,000,000 00
31,000,000 00
64,000,000 00
10,000,00000
29,000,000 00
Totals
$100,000,000 00
$50,000,000 00
First preferred
Second preferred
St.
(Vol. lxxxi
Ijhiis
Memphis
&
Southeastern Railroad.
mileage of the St. Louis Memphis & Southeastern
Railroad, amounting to 681.10 mile-, reference to the completion of which was made in las annual report, was taken
into the System mileage on July 1st 1904.
The mileage of the St. Louis Memphis & Southeastern
Railroad and that of the two branches referred to above
make up the total increase in main track mileage added during the fiscal year.
By authority of an Act of the Texas Legislature, approved
March 30 1903, the following roads in the State of Texas,
formerly operated independently, were purchased during
the year by the "St. Louis San Francisco & Texas Railway
'I'll*:
Company,"
viz.:
River Texas & Southern Railway
Blackwell Enid & Texas Railway
Oklahoma City & Texas Railroad
K11I
There was also no change in the treasury holdings of the
capital stock issued, and which are as follows:
$6,535 10
53 00
149 60
First preferred
Second preferred
Common
$6,737 70
Total
There was a reduction during the year of $1,210,700 in
the capital stock of the auxiliary companies outstanding,
being capital stock of the Ft. Worth & Rio Grande Railway
Company which was canceled at the request of the Railroad
Commission of Texas.
The Company issued during the year $3,030,000 of its
preferred 4% stock trust certificates to cover an additional
20,200 shares of Chicago & Eastern Illinois Railroad Company preferred stock required.
In April 1905, by urgent request of the holders of a large
amount of the stock trust certificates issued by this company
in respect of common stock of Chicago & Eastern Illinois
RR. Co., the Company offered to exchange said certificates,
which were based upon the number of shares of common stock
deposited, for new certificates based on the redemption
value of said shares, said new certificates to be in the denomination of One Thousand Dollars ($1,000) each, to represent
the deposit of four shares of the common stock of the Chicago & Eastern Illinois RR. Co.
Holders of a large majority, in face amount, of the old
certificates having accepted said offer, a supplementary
agreement between St. Louis & San Francisco RR. Co. and
Colonial Trust Company was executed under date April 27
1905, and certificates in the new form are now being issued
upon the presentation and surrender of the old certificates.
This change does not alter the conditions of the original
trust agreement of October
The purchase by
1
Total...
108.77 miles
TRACK.
9,095.80 tons of new steel rail of the following weights
were laid in track during the fiscal year, viz.:
7,268.82
4.32
1,100.98
667.48
54.20
of 85-lb.
of 80-lb.
of 75-lb.
of 65-lb.
of 60-lb.
as against 11,775 tons laid during the preceding year.
1,522,812 new cross-ties and 589 sets of switch ties were
placed in track during the year, as against 1,138,509 new
cross-ties and 684 sets of switch ties laid in track during the
preceding year.
100.55 miles of new siding and yard tracks were added
during the year.
211.08 miles of main track were ballasted with crushed
rock and gravel at a total cost of $168,534 76, of which
$72,217 08 was charged to operating expenses and $96,317 68
to property account.
32 old steel bridges of a total length of 2,947 feet were replaced with thirty-two new steel bridges of heavier weight
and of the same length.
5 wooden bridges of a total length of 620 feet were replaced
with iron ones of same length.
775 feet of trestle were filled during the fiscal year.
EQUIPMENT.
The following statement shows the various classes of
equipment purchased and acquired during the fiscal year:
1902.
Purchased
Under
Under
Equipment
Trust
Purchased Equipment
Purchased
first
.
.
tons
tons
tons
tons
tons
company
of the capital stock and
mortgage four per cent bonds of Arkansas Valley &
Western Railway Co. was noted in the last annual report.
The deferred payments on account of this purchase, as
shown on the balance sheet, amounted to $3,600,000, secured by the entire issue of the stock and first mortgage bonds
of the Arkansas Valley & Western Ry Co ($4 ,500 ,000 of each)
In order to provide for the deferred payments, this Company
executed a trust agreement dated February 1 1905 with
Bankers' Trust Co to secure an issue of its seven-year four
and one-half per cent gold notes, to an aggregate amount of
$4,500,000, and deposited as collateral thereto all of the
stock and bonds of the Arkansas Valley & Western Railway
Company above described. The seven-year four and onethis
87.34 miles
12.75 "
8.68 "
.
,
half per cent gold notes are subject to redemption, or deliv
ery, at par and accrued interest, at the office of the Railroad
Company, on any interest day, on ninety days' notice.
$4,000,000 of these notes have been issued and sold, and
the liability on deferred payments has been liquidated.
The remaining $500,000 are reserved for Additions and Im-
Description.
Direct.
$9,080,000
Franchises and Property Account.
Series
& M.Ry.)
Locomotives
Coaches
With
L.
Total.
St.
"A" M. & S.E.
"F." (K.C. F.S.
Series
RR.
3
43
26
3
1
42
9
17
gage cars.
Coach, mail and
baggage car .
Baggage, mail &
2
2
1
1
express cars .
Baggage and express cars .
2
2
4
2
4
2
2,171
Chair cars
Coach and bag-
Official
Box
cars
1,300
Coal cars
300
Flat cars
Caboose cars
Furniture cars.
Ballast cars
50
400
provements upon the Arkansas Vallejr & Western Railway, Derrick
including additional equipment.
Steam shovel
During the fiscal year all of the floating debt of the Com- Boarding cars
car
pany was" paid, also the following temporary loans and de- Plow
Tool cars
ferred payments, viz.:
Ice car
$3,500,000
Five per cent notes due April 1 1906
Deferred payments Ozark & Cherokee Central Ry. 1 ,980,000
Deferred payments Arkansas Valley & Western Ry 3,600,000
Trust
Received
871
122
430
28
422
430
78
400
73
73
1
1
1
9
3
.
1
1
.
4
4
1
1
4
4
1
1
The book value of all classes of equipment wrecked or
retired from service during the year and not replaced amount
ing to $251,104 80, was charged to operating expenses, less
the depreciation, which last was charged to profit and loss
,
The net amount added to franchises and property account account.
A comparison of equipment owned at June 30th 1905 with
during the fiscal year was $21,968,767 47. For details of
of the preceding year is as follows:
that
this amount see table on page 26 of pamphlet report.
I}icrcase.
NEW
1905.
MILEAGE.
The new mileage completed during the
fiscal
year was as
follows:
Bonnerville
&
Southwestern Railroad.
This is a branch of the Kansas City Fort Scott & Memphis
Railway and extends from Bonnerville, Ark., in a southIt was built
westerly direction, a distance of 32.58 miles.
to open up a vast lumber district in Southeastern Arkansas,
and was finished on June 30 1905.
Passenger-train cars
Freight-train cars
another branch of the Kansas City Fort Scott &
Memphis Railway, and extends from Tyronza, Ark., in a
It opens
northeasterly direction a distance of 11.4 miles.
up a valuable lumber traffic in Northeastern Arkansas, and
was completed on June 30 1905.
1904.
731
416
21,679
Percent.
5.34
7.93
12.89
The following is a comparison with the preceding year of
the expenditures per locomotive and per car for repairs and
renewals:
Decrease.
Per locomotive
Per passenger car
Per freight car
1905.
1904.
$2,142 17
6S1 37
50 36
§2,165 98
999 34
58 33
PerCcnt.
1.10
31.82
13.66
TRAFFIC.
Tyronza Central Railroad.
This
770
449
24,474
Locomotives
Freight.
is
The tons
of
commercial freight carried during the year
increased 1,678,657, or 15 per cent.
The ton mileage increased 76,620,489, or 4 per cent, and
at the rate per ton per mile increased .029 of a mill.
—
—
TI1K CHRONICLE.
Oct. 21 1905.!
of passengers carried increased
1,048,281, or
21 per cent.
The passengers carried one mile increased 81,795,055, or
32 per cent, and the rate per passenger per mile decreased
.08 of a mill.
to December
The World's Fair held in St. Louis May
1904 contributed largely to the passenger traffic, and the
increases shown above are attributable partly to that cause.
I
1
The net receipts of the land department for the
From Kansas City Fort Scott
Memphis Railway
From St. Louis & San Francisco Railroad lands
year
fiscal
lands
.v.-
net receipts for the year
?it;,."ii?<)
7.1
90.".
09
? 7.-134 S4
I
\1..
While the new mileage added to the System during the
la.-t two years has caused a decrease in the earnings per mile
of road, still with the continued increase in immigration into
the States and Territories traversed by he Company's now
lines, it will not be long before the earnings per mile will
again begin to show an increase.
During the fiscal year our industrial department has located 3GS new industries, which have been completed and put
in operation on the tracks of the System lines.
The estit
ST.
operating expenses.
The Company paid the usual quarterly dividends of
per
per cent for the year, on its first and
cent each, making
second preferred stocks, and after the payment of all charges
and dividends there remained a surplus of $184,386 31,
which was transferred to the credit, of profit and loss account.
Statements following give full details of income and profit
and loss accounts.
Appended to this report are statements of income and
profit and loss accounts, condensed balance sheet and other
exhibits, which include the figures of the Ch. & E. 111. Railroad Co. (.See pamphlet report.) They show the consolidated
results of the operation of both properties for the fiscal year,
as well as their financial condition at the end of the year.
The usual examination of the accounts of the company
at the close of the fiscal year was made by Mr. Stephen
1
were:
GENER
"
cost of
i
LAND DEPARTMENT.
.'.
I2G1
such new plants is $10,538,000 and the numbe 1
of men employed then in is 9,939.
The year's crops are above the average in all the territory
traversed by the system lines, and with the exception
of such limited territory as was visited by excessh e rainstorms
and Hoods, no serious damage has so far In en reported.
The expenses incurred by reason of Roods during the fiscal
year amounted to $120,873 97, all of which was charged to
mated
Passenger.
The Dumber
)
and
Little
his certificate
appears on page 16 (see pamphlet
report).
A.
LOUIS & SAN FRANCISCO RAILROAD SYSTEM.— SUMMARY OF FINANCIAL CHANGES,
J.
DAVIDSON,
President.
YEAR ENDED JUNE 30TH
1905.
RESOURCES.
Cash on hand June 30th 1904
$2,720,326 61
Funded debt increased
$21,017,290 70
Outstanding securities on leasehold estate (The Kansas City Ft. Scott
&" Memphis
Railway), increased
Preferred stock certificates, Chicago & Eastern Illinois Railroad, increased""
Equipment notes outstanding, increased
stocks and bonds owned, decreased
Leasehold estate yThe Kansas City Fort Scott & Memphis Railway), decreased
Franchises and property, auxiliary companies, decreased
1
Refunding mortgage 4 per cent bonds in trust with The New York Trust Company of
N ew York decreased
:
cost of, decreased
Securities in treasury
Trustees' sinking fund accounts, decreased
Sinking funds, decreased
Changes in current accounts as follows
Decrease in assets
"""
—
,
276,896
3,030,000
501,739
2,878,172
41,157
1,163,588
00
00
08
84
52
23
75,000
11,651,510
842,094
12,283
00
13
80
14
—
Due from companies and
individuals
Supplies on hand
Unadjusted open accounts (balance)
S467.110 6S
240,511 16
71,430 92
$79,052 76
89,097 76
676,014 60i
685,112 36
—
Increase in liabilities
Due to railroad companies, account traffic.
Interest and dividends matured
Increase in assets
$1,464,165 12
—
Due from agents and conductors
Due from railroad companies, account
Due from United States Government
—
$37,729
43,346
13,332
$94,408
traffic.
Decrease in liabilities
Notes payable
Audited vouchers and pay rolls
Due to companies and individuals.
Interest accrued (not due)
taxes accrued (not due)
21
52
84
57
'
$2,690,000
1,214,707
836,879
6,457
31,003
00
83
63
14
61
$4,779,048 21 $4,873,456 78 $3,409, 291 66 $38,080,440 78
$40,800,767 39
Total to be accounted for.
APPLIED AS FOLLOWS—
Francluses and property, increased
Guaranteed preferred stock, St. Louis San Francisco
& New
$21,968,767 47
21,000 00
1,210,700 00
Orleans Railroad, decreased
Capital stock, auxiliary companies, decreased
Refunding mortgage 4 per cent bonds. Northwestern Division improvement and equip
ment fund, decreased
Chicago & Eastern Illinois Railroad Company preferred stock cost of, increased
New equipment under equipment trusts, increased
Five per cent notes, due April 30th 1906, paid
Deferred payments, Ozark & Cherokee Central R'y, paid
Deferred payments, Arkansas Valley & Western R'y, paid
Sinking funds accrued, decreased
Kansas City Osceola & Southern R'y interest fund, decreased
Improvement fund (Kansas City & Memphis Railway & Bridge Company), decreased
Advances account construction, increased
Net charge to profit and loss account
75,000 00
3,030,000 00
53.S.60S 90
3,500,000 00
1,980,000 00
3,600,000 00
825,784 72
5,187 50
2,671 20
4,647 36
1,166,763 83 $37,929,131 04
—
Balance,
ST.
S2.871.636 35
on hand June 30th 1905.
ca.sli
LOUIS A SAN FRANCISCO RAILROAD SYSTEM.
Income Account —Fiscal Year
I'.nded
Previous Year.
/;«.(+) or
Average milea^o operated..
Earning a
—
S
Dec.(-)
1903-04.
4,216.88
813.57
$
S
-.-nger
_.
Mail.
ress
Miscellaneous
Total
Operating Expenses
of
—
wav
ctures.
Taxes
Int.. rentals
20,111,455 45 18,776,231 27
7,647,577 66 5,982,083 13 +1,665,494 42
+58,40540
678,72666
620,320 26
871,83684
+109,367 56
762,460 28
—106,983 09
648,644 26
755,627 35
...29,958,239 76 26,896,73129 +3,061,508 47
0702,759 23
848,696 45
and sink, funds. 8,015,929 30 a<>,473.559 00
and
3,592,17425 3,131,141 is
Maintenance of equipment 3,530,357 39 3,414,327 69
Conducting tTanspoTtation.il, 163,559 49 10,310,041 '>:,
900,711 27
1,010,92572
•
•
•
161,0
116,029 80
17 54
110,
1M
540.400 00
a540,400 00
1,064,182 00
964,702 00
+ 99.480
00
10,469,207 75
8,681,420 23
+ 1,787.787
52
Available for dividends
1,024,128 43
i /, i<it mi * to stockholders
Four per cent each on first
andTsecond preferred stock
839,742 12
1,342,17169
is. 043
26
nl:-
,,,,
,t-
Total
—
184.38631
Out of which was appropriated
rments
..
For flood damagi
.June t'.ioj
.
502. -12!) 57
16,718 B3
81,8
Total net ineom<-
,
883,1 12
'.2
—818,04
—16,71
—
,816 06
r,l
1".
19.297,01685 17,756,25199 +1,540.764 86
aminas from operation. 10,661 ,222 91 9,140.479 30 +1,520,743 61
832,113 27
i
839,742 12
78.533 89
Total
Other inn, m*
+
Dec. (—
S
+ 145.937 22
1,542,370 30
trust cert i J icatts,
East. Illinois lilt.
clue
Surplus.
..'
1903-04.
$
nd >m trust certificates,
K. C. Ft. 8. & Mem.Ry..
•
+1,335,224 18
Freight...
Maintenance
1904-05.
5.030.45
+)or
Inc.(
1904-05.
$
June 30th 1905, Compared with
Surplus, profit and loss..
184.386 31
123.V.1.-, i;s
— 23
50,999
11.493,336 18 10,023,591 92 +1,469,744 26
a Include taxi -. interest and dh Idend
eluded In last yeai
i
in'
THE CHRONICLE
12f>2
Vol. lxxjxi
LOUIS & SAN FRANCISCO RAILROAD BYSTEM.
ST.
General Profit and Loss Account and Adjustments Therein June 30 1904 to June 30 1905.
Dt hit—
Annual instalment from franchises and property
account on account of difference between the
cost of underlying bonds refunded and the
proceeds of refunding bonds sold and the
commissions "paid therefor
8250,000 00
Discount on securities sold, stocks and bonds
exchanged, and expenditures in connection
with listing certifying and issuing new bonds 766,943 33
Taxes accrued prior to July 1st 1904 and taxes
on land in New Mexico and Arizona (not part
of operated property)
83,351 82
Depreciation in value of buildings torn down,
tracks taken up, and equipment destroyed or
Credit
Balance at credit June 30th 1904
Surplus for the year ended June 30th 1905, as
per income account
8184,386
Refund by Government of revenue stamps used
on refunding mortgage
13,564
Net interest accretions on bonds and cash in
Ft. S. S. E. & M. RR. sinking fund (bonds
all redeemed at October 31st 1904)
98,885
Net interest accretions on bonds and cash in
Kan. Equip. Co. sinking fund (bonds matured January 1st 1905)
40,584
Unpaid vouchers and pay-rolls written off
10,134
84,038,749 54
31
65
33
82
62
347,555 73
dismantled during current fiscal year (balance of cost less salvage charged to operating
expenses)
141,593
Cost of 3,500 shares of stock, par value S10 each,
of the Louisiana Purchase Exposition Co.,
written off
35,000
Cost of reconstruction and deficit from operating
the Crescent Hotel, Eureka Springs, Arkansas 31,646
Sundry items not chargeable to current vear's
income
205,784
Total Debit
Balance, June 30, 1905
00
43
09
$1,514,319 56
2,871,985 71
..84,386,305 27
Total Credit
89
84,386,305 27
ST. LOUIS & SAN FRANCISCO RAILROAD SYSTEM.
Condensed General Balance Sheet June 30 1905, and Comparison with Previous Year.
Inc.
A ssets
1905.
8
—
1904.
8
Franchises and propertyl59,503,840 05 137,535,072 58
Stocks and bonds owned
203,845 69
3,082,018 53
Total franchises and
property
159 ,707,685 74 140,617,09111
Leasehold estate (The
Kan. City Ft. Scott &
Memphis Ry).
64,488,107 93 64,529,265 45
(
+
)
or
Inc.
Dec.—).
$
Liabilities
+ 21,968,767
47
1905.
8
—
Capital Stock
First preferred
Second preferred
—2,878,172 84
5,000,000
16,000,000
29,000,000
109,326,324
Common
Funded debt
+19,090,594 63
00
00
00
41
5,000,000
16,000.000
29,000,000
88,309,033
(
+
)
or
Dec. {—).
1904.
$
8
00
00
00
71
+21,017,290 70
40,200 00
—21,000 00
and bonds
159,345,524 41 138,349,233 71
Outstanding securities on
leasehold estate (K.C.
+20,996,290 70
Guaranteed preferred
stock, St. Louis San
—41,157 52
Fran.
& New
Orl.
RR.
19,200 00
Leasehold estate (Kan.
City Mem.&Birm.RR) 15,740,375 76
Franchises and property,
auxiliary companies. . 16,696,696 38
Chi. &East. 111. preferr'd
stock— Cost of
9,321,550 00
Chi. & East. 111. common
stock— Cost of
18,239,237 13
New equipment
Total capital stock
15,740,375 76
17,860,284 61
6,291,550 00
—1,163,588 23
+ 3,030,000
F.S.&M.Ry.)—
00
Stocks
18,239,237 13
Preferr'd certificates 13,510,000 00
5,242,707 75
...015,000,000 00
36,849,406 00
equipment trusts
Refunding mortgage 4%
bonds in trust with
5,781,316 71
+ 538,608
276,896 00
65,359,406 00
65,082,510 00
+276,896 00
a5,976,000 00
69,835,920 00
5,976,000 00
9,835,920 00
15,811,920 00
15,811,920 00
a7, 196, 000 00
8,406,700 00
69,444,000 00
9,444,000 00
16,640,000 00
17,850,700 00
9,317,550 00
6,287,550 00
Chicago and
Eastern Illinois RR.. 18,044,500 00
Equip, notes out'g
6,068,586 89
18,044,500 00
5,566,847 81
""+561,739 08
125,000 00
200,000 00
—75,00000
Funded debt
96
Total outstanding securities on leasehold
The New York Trust
Co. of New York (see
estate (K.C.F.S.
125,000 00
contra)
200,000 00
—75,000 00
Outstanding securities on
leasehold estate (K.C.
M. & B. RR.)—
Capital stock
Mid. Ry. (see contra).
Current Assets
Cash in treasury
Cash in hands of
291 07
Funded debt
291 07
1,160,538 95
—102,144 64
1,813,242 04
1,559,787 66
+ 253,454 38
1,131,275 70
1,093,546 49
225,68162
182,335 10
1,848,968 43
2,316,079 11
179,216 89
1,938,234 39
165,884 05
2,178,745 55
1
,058 ,394 3
Total outstanding securities on leasehold
estate (K. C. M. &
fiscal
agents
Due from
agents and
conductors
Due from railroad companies acct. traffic..
+ 37,729
+ 43,346
B.RR.)...
21
Capital stock,
52
Funded debt,
(Balance)
Securities in treasury
—Cost of
auxiliary
companies
Due from companies
and individuals
Due from United Staes
Government
Supplies on hand
Unadjusted open accts
&
M. Ry.)
Mississippi Valley Trust
Co., for deposit by
Special
Master
in
Chancery for Kansas
—1,210,700 00
auxiliary
companies
—467,110 68
+ 13,332
Total capital stock and
bands,
auxiliary
84
—240,511 16
companies
—1,210,700 00
Preferred stock trust cer-
124,332 64
195,763 56
—71,430 92
1,513,15100
13,164,661 13
-11,651,510 13
311,535 04
306,887 68
tificates,
Eastern
Common
Advances account conconstruction
13,510,000 00
15,000,000 00
36,572,510 00
Common
under
Chicago and
Illinois
RR..
+ 3,030,000
00
stock trust cer-
tificates,
Total current assets 10,144,032 06
Trustees sinking fund accounts
318,479 23
Sinking funds
192,436 24
Old Colony Trust Company improvem't fund
100,000 00
+ 4,647
36
Refunding mortgage 4%
bonds North. Div.
improv. and equipment fund (see contra)
Special Master, Kansas
Mid. Ry. (see contra).
Temporary Loans
5%notes,dueApril,1906
22,324,229 28 —12,180,197 22
1,160,574 03
204,719 38
—842,094 80
—12,283 14
100,000 00
291 07
291 07
3,500,00 00
—3,500,000 00
1,980,000 00
—1,980,000 00
3,600,000 00
—3,600,000 00
9,080,000 00
—9,080,000 00
2,690,000 00
4,335,025 01
847,535 56
—2,690,000 00
—1,214,707 83
Deferred payments O.
&C.C.Ry
Deferred payments A.
V.
&W.Ry
Total
Current Liabilities
Notes payable
Vouchers and pay rolls 3,120,317 18
Companies and individ.
10,655 93
Due to railroad companies acct. traffic.
247,170 88
2,316,414 40
Int. and div. matured
938,416 53
Int. ace'rd (not due)..
188,125 79
Taxes accr'd (not due)
238,073
1,640,399
944,873
219,129
12
80
67
40
5,187 50
—5,187 50
12,811 64
—2,671 20
297,983,222 54 288,471,576 03
4,038,749 54
2,871,985 71
51
—+ 9,511,646
1,166,763 83
...300,855,208 25 292,510,325 57
+8,344,882 68
C.&M.Ry.&Br. Co.)
Totalassets
300,855,208 25 292,510,325 57
+8,344,882 68
Total
a All owned by this Company.
6 82,521,000 of the Funded Debt of the Auxiliary Companies, and
this Company, of which $2,182,000 is deposited under the St. L.
S.
Co. Refunding Mortgage and $339,000 under the Trust Mortgage of 1887.
&
and
liabilities
loss..
76
60
—6,457 14
—31,003 61
——825,784
4,093,935 85
6,821,100 71
439,203 02
Improvement fund(KanTotal
+ 9,097
+ 676,014
10,915,036 56
1,264,987 74
Total
Sinking funds accrued..
Kansas City Osceola &
SouthernRy. Int. fund
Profit
—836,879 63
10,140 44
72
$399 500 of the Funded Debt of the K.C. M. & B. RR. Co., is owned by
Co. Refunding Mortgage, 8399,500 under the K. C. Ft. S. & M. Ry.
F RR
,
THE CHRONICLE
Oct. 21 1005.
1203
WISCONSIN CENTRAL RAILWAY COMPANY.
SIXTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDING JUNE
To
the Stockholders oj the
Wisconsin Central Railway Com-
pany:
Your Directors submit the following report of the operations of the company for the year ending June 30 1905.
GROSS EARNINGS.
From
From
From
$4,930,219
freight
1,400, 120
passengers
308,537
mall, express and miscellaneous
S6 ,050,883
Tot al
Operating expenses (05.77 per cent of the gross earnings)... 4,374,330
$2,276,547
Net earnings
41,233
Other income
.$2,317,781
Total
264.351
Accrued taxes
$2,053.429
Balance
$370,346 93
Accrued rentals
1,127,238 60
Accrued interest on bonds
Total fixed charges
Surplus
Surplus brought forward from last year
Total surplus June 30 1905
Appropriated for improvements
Appropriated for redemption of M. & S. E.
Div. 1st mtge. bonds, as provided in Article
II. Section 2 of mortgage dated May 1 1901
Reserved to retire $60,000 Series C, Equipment Trust bonds, maturing July 1 1905. ..
56
23
77
56
07
49
55
04
24
80
$423,997 30
5,250 00
489.247 30
$499,642 97
MILES OF ROAD.
CAPITAL STOCK.
There have been no changes in the
the
fiscal
year.
977. 04
capital stock during
in
funded debt have occurred dur-
ing the year:
—
1905
Obligations Retired —
Obligations Issued
Equipment Trusts
$401,175 00
of
Wisconsin Central Railroad Company First Series bonds
(Amount remaining outstanding, $656,000.)
Marshfield & Southeasern Division bonds
(Amount remaining outstanding, $428,000.)
Equipment Trust bonds of 1902
(Amount remaining outstanding, $475,000.)
$1 ,000 00
8,000 00
60,000 00
Total bonds retired
$69,000 00
Increase during the year
The total funded debt June 30 1905 was
$332,175 00
$27,588,175 00
There are still available for improvements, but not drawn,
$119,950 00 of the First General Mortgage bonds, and the
remainder of $2,240,050 of First General Mortgage bonds
which are held for the retirement of $2,036,000 underlying
bonds.
LAND DEPARTMENT.
The
gross land sales of the Land Department for the year
were 2,657.33 acres for
The average price per acre being
The cancellation of land sales previously made amounted to
1,006.24 acres and the amount remaining unpaid was
Leaving the net sales 1.051.09 acres
Timber sales amounted to
Town lot sales amounted to
The royalties accrued during the year from iron ore mined
from the company's land amounted to
The gross cash receipts from lands, lots, timber, royalties,
deferred payments, interest on deferred payments, rents,
etc.,
were
The expenses
$16,979 18
$6 39
$8,055
$8,323
$42,075
$375
71
47
62
00
$80,129 98
$219,042 28
of the
Land Department, including taxes and
the cost of caring for the property, were
total number of acres remaining in the grant on the 30th
of June 1905 was..
Number of acres under contract of sale
Number of acres unsold
$81,552 39
The
453,267.08
22,120.28
431,146.80
is no improvement in the demand for land or timber.
royalties accrued during the year upon iron ore mined
from the company's lands showed an increase of $13,945 68
over the royalties for the preceding year. It is probable
that the royalties for the current fiscal year will be still larger.
New options are being taken for exploring the company's
lands within the iron range and there is every reason to expect favorable results from these explorations.
There
The
Total
Expense
of administering the trust during year
Balance
Amount invested by
Trustees
Balance on hand
$267,015 85
128,537 29
8,237 81
$404,390 95
3,000 00
$401,390 95
1,035 00
$400,355 95
COMPARISON OF EARNINGS AM) EXPENSES OF THE YKARS
ENDING JUNK 30 1904 AND 1905.
Increase In earnings on general freight
Increase in earnings on iron ore
Making a total credit to the fund of
During the year 50 furniture cars, 22 ballast cars, 3 flat cars
and one pile driver were built and one business car rebuilt at acost of
$101,592 36
47,563 46
$149,155 81
60,748 41
$88,407 40
IMPROVEMENTS.
The charges to Improvement Account during the year
amounted to
This was provided for as follows:
$431,272 34
From
From
$7,275 04
$423,997 30
proceeds of First General Mortgage bonds
surplus earnings
The
details of the
Improvement Account
are
shown on
NEW LINE.
During the year contracts were entered into for the construction of 45 J^ miles of road from Owen, a point on the
main line 12 miles west of Abbottsford, to Ladysmith, a station on the Minneapolis St. Paul & Saulte Ste. Marie Railway.
A survey has been made for a line from Ladysmith to
Superior and Duluth, a distance of 112 miles, and it is expected shortly to enter upon the construction of this line.
Real estate for terminals in Superior and Duluth has been or
is being acquired, and the location secured is a suitable one
The line from Owen to
for the business of the Company.
Ladysmith will be opened in January 1906. This line is
being constructed by the Owen & Northern Railway Company and the line thence to Duluth by the Lake Superior &
Southeastern Railroad Company. The entire capital stock
of both of these companies is owned by your Company.
Your Company has undertaken to furnish the requisite funds
To secure
for building and equipping the projected lines.
the necessery funds for this purpose your Company has creper cent gold notes
ated an issue of $5 ,000 ,000 five-year 4 £2
dated July 1 1905, which are to be collaterally secured, when
and as issued, by securities of the Owen & Northern Railway
Company and the Lake Superior & Southeastern Railroad
Company. Arrangements were made temporarily to borrow $1,000,000 on notes of the Company payable July 1
1906, collaterally secured by $1,000,000 of said five-year
notes.
$500,000 of this amount was received during the
fiscal year and appears on the balance sheet under the head
of "Construction Loans."
The completion of this projected line to the head of Lake
Superior will result in giving the industries now established
%
on your existing line such resources for raw material, in
addition to those already controlled, as will largely extend
their period of activity and will also insure a large traffic between Duluth and Superior and Chicago and other Lake
Michigan ports. The country traversed by this line is rich
in timber and other resources.
EQUIPMENT.
During the year the following equipment was purchased
and delivered:
5 passenger locomotives,
7 freight locomotives,
LAND GRANT SINKING FUND.
Cash balance July 1 1904
Paid Sinking Fund Trustees during year
Interest on deposits during year
credit to Equipment Renewal fund at the beginning of
the year was
The value of equipment destroyed during the year charged
to repairs ana credited to this fund was
page 17 of pamphlet report.
FUNDED DEBT.
The following changes
There was an increase of $196,000 in the cost of maintenance of way, structures and equipment, and a decrease of
$1S1 ,000 in the cost of conducting transportation, principally
in the decrease of fuel expense.
During the year 6,908 tons of new steel rails (85 pounds to
the yard) were laid, releasing 4,983 tons of lighter weight.
The cost of the new rails and fastenings, including the cost
of handling and laying, less the value of the rails and fastenings released, was charged to operating expenses.
The Reserve Fund at the end of the year amounted to
$114,616 17.
Leaving a balance in the Equipment Renewal fund at
the close of the fiscal year of
60.000 00
The average mileage operated during the year was
$152,S10 28
$12, 138 62
$507 30
$206 87
Increase In net earnings (7.20 per cent)
Increase In taxes
Increase In rentals
Decrease In Interest on bonds
The
1,497.585 53
$555,844 27
433,046 00
$988,890 27
Leaving a net surplus to be carried forward
30 1905.
$7,858 05
102,750 90
Total increase in freight earnings
Increase in passenger earnings
Increase in mail, express and miscellaneous earnings
$170.014 95
342 93
13,749 10
Increaes in gross eaxntnja (2.86 per cent)..
expenses (.78 per cent)
$184,706 98
$31, 89670
200 gondola cars,
500 box cars,
10 first-class coaches,
2 chair cars,
3 baggage cars.
The cost of the above equipment was $701,086 83; $299,911 83 was paid in cash; the balance, $401,175 00, will be
paid in semi-annual instalments, the last payment falling
due October 13 1912. The rates of interest on the deferred
payments are 4}4 and 5 per cent per annum.
Statements and statistics relating to the business of the
company, as well as a balance sheet showing the condition
of the company at the end of the year will be found attached.
(See pamphlet report; also page 1237 of to-day'fl "Chronicle.")
Reference is made to these for more particular information.
By order of the Board of Directors,
II.
F.
WHITCOMB,
President,
Milwaukee, Sept. 28 1905
THE CHRONICLE.
1264
[Vol.
lxxxl
THE PACIFIC COAST COMPANY.
EXTRACTS FROM THE REPORT FOR THE YEAR ENDING JUNE
To
the Stockholders
of the Pacific Coast Company.
in Funded Debl or Share Capital.
There has been no change
STEAMSHIP DEPARTMENT.
The net earnings of the Pacific Coast Steamship Company
have increased $20,217 75 during the year, while the gross
earnings show a decrease of $166,553 72 in same period.
The reduction in gross earnings is partly due to light
business in Southeastern Alaska, on account of the canneries
not being operated to the extent of previous years; also to
the falling off in second-class passenger travel.
Southern California business was light on account of the
extreme drought which prevailed in that portion of the State
There were
last season, greatly reducing the yield of grain.
abundant rains all over So. California last winter and spring,
and the coming year's business should show an improvement.
There was expended for repairs of fleet, and charged to
operating expenses, $430,217 89, as against $403,929 07 for
the previous year.
Ordinary repairs and renewals cost
$218,751 35; extraordinary, $211,466 54.
The steamship "Santa Rosa" was thoroughly overhauled,
re-boilered, main deck renewed, a number of state-rooms
altered and the second-class accommodations increased.
Cost, $119,341 51.
The steamship "City of Topeka" was given a general overhaul.
An entirely new house was built, state-rooms enlarged
and number increased by seven. The hull was built up by
steel plates from main to upper deck; -new tail shaft, bilge keel
andj;steering gear installed.
Cost, $53,995 19, part of which
was covered by insurance.
One additional boiler was installed in the steamship "Spokane;" steam winch and steam capstan were substituted for
electric winch and capstan; steering gear overhauled, side
hatches taken out and center after-hatch built in; all auxiliaries
overhauled and repaired -and minor improvements made.
Cost, $18,873 70.
The steamship "Pomona," in addition to ordinary up-keep,
received general repairs.
Cost, $11,325 77.
All vessels of the Company were given the necessary annual
overhaul, and fire and lifeboat service upon all vessels put in
order to comply with new Government regulations.
It is estimated that the cost of repairs and renewals for the
coming year will be considerably less than for the year just
ended.
Plans for a new freight and passenger steamer for
the San Francisco-Puget Sound route are about completed
and bids will be called for as soon as same are finished. The
vessel will be larger and faster than any now on the route.
RAIL LINES.
gross earnings of the Columbia & Puget Sound Railroad increased $20,284 98, operating expenses decreased
$6,666 19, net earnings increased $26,951 17.
The Passenger Revenue increased $3,556 15 on account of
improved service. Freight revenue increased $14,359 20.
Proportion of Operating Expenses to Gross Earnings,
41.10%, as against 44.10% the year before.
Interchange of tracks with the Northern Pacific Railway
Company, mentioned in last report, was completed August 1
The
1904.
By this exchange the Company was enabled, on same
date, to commence using its new coal bunkers, shops and
roundhouse at Dearborn St. and Railroad Ave., Seattle.
The operation of the new Coal Bunkers has been satisfactory.
The improved facilities for storing coal and fueling
vessels has strengthened your position in the fuel market.
The new shops are of modern design and, in addition to the
tools and machinery taken from the old shops, are equipped
with several new machines and labor-saving appliances,
among which is a new ten-ton Traveling Crane.
The improved facilities and excellent location on the
water front enables your Company to do much of the repair
work on its steamers heretofore done by outside shops.
By authority of your Board, 38 acres of land were purchased on Lake Washington, in the City of Seattle, on a spur
of the Columbia & Puget Sound Railroad, and adjoining our
Lake Washington coal bunkers. A new brick freight and
passenger depot has been erected at Seattle.
While the Gross Earnings of the Pacific Coast Railway show
a gratifying increase, the net earnings show a slight decrease,
on account of extraordinary expenditures for repairs and
renewals.
Heavy expenses were incurred for overhauling and
repairing engines and cars, to provide facilities for handling oil
shipments, and for ballasting and improving track with a view
to safe handling of increased traffic, in larger and heavier cars.
There have been important developments in the oil fields
of the Santa Maria Valley during the year.
The Union Oil
Company has constructed a six-inch pipe line from Santa
Maria to Port Harford.
The Standard Oil Company is
laying an eight-inch pipe line between the same points. The
oil companies are using the Pacific Coast Railway Company's
facilities at Port Harford.
The rentals derived materially
increase the earnings of the Railroad and Wharf.
COAL DEPARTMENT.
Gross earnings increased
Operating expenses increased
8362 ,088 29
260,551 91
Net earnings increased
$101,536 38
•
30 1905.
—
Tonnage
sold increased
28.20%. Output of the Black
yielded 39.70% of the Gross Earnings.
All depot- show increases, wilh the exception of San Francisco, Oakland and Portland, at which places oil competition
resulted in decreased sales and profits.
Under authority of your Board of Directors, a settlement
was effected November 4 1904 with the Northern Pacific
Diamond Mines
Railway Company and the North Western Improvement
of a traffic contract very unfavorable to your
made, by the former owners of the Black Diamond
coal mines
This settlement included a lease to The Pacific
Coast Company of Section 23 adjoining the Black Diamond
property upon a royalty basis on favorable terms, the payment for same being made in cash from funds on hand.
As indicated by this report, the purchase of the Black
Diamond coal mining property, in May 1904, has been of
profit and great advantage to your Company.
Company
Company
Improvements
New
bunkers, Portland, capacity 3,000 tons, were conCoal is handled
structed and put in operation March 1 1905.
by link-belt machinery, at reduced cost. New bunkers,
San Francisco, described in last report, completed.
Newcastle Field. Coal Creek Mine has been operated
The output increased
continuously during the year.
Average cost per ton reduced.
slightly over previous year.
986,000 tons of coal now developed. Working capacity,
600 tons per day. No new improvements made during the
—
year.
Mine
in
good condition.
—
Franklin Field. Mine No. 1, Vein No. 12, worked
Output increased 28.9%.
continuously during the year.
Average cost per ton reduced. 290,000 tons of coal develWorking capacity, 350 tons per day. Mine in firstoped.
Mine No. 2, McKay Vein. Owing to purclass condition.
chase of the Black Diamond Mines, it was decided to suspend
development work in this Mine, and its operation was discontinued on August 1 1904. Mine is in condition to be
reopened and development work continued whenever necessary.
Mine No. 3, Gem Vein No. 17. It was found that
the output of the Company's other mines was sufficient to
supply the market, and Gem Mine was closed temporarily
on November 1 1904. The workings are all above water
level and the Mine can be kept closed at small expense.
55,000 tons of coal developed. Working capacity, 250 tons
per day. Mine No. 7, McKay Vein. This Mine worked
Output 14.8% below last year,
steadily during the year.
account lower levels worked out and closed. Average cost
per ton reduced. About 44,000 tons developed and yet to
be extracted. Working capacity, 225 tons per day. Lawson Mine, McKay Vein No. 14, worked steadily during the
Output below previous year. Average cost per ton
year.
slightly increased account smaller output and deeper work290,000 tons of coal develFifth level was opened.
ings.
Working capacity, 300 tons per day.
oped.
Black Diamond Field.— Morgan's Slope, McKay Vein
No. 14, operated continuously during the year. AverNew air-ways were driven and
age daily output, 645 tons.
main slope extended from third to fifth level. Slope tracks
relaid with 35-lb. rail, top landing remodeled, 125 mine cars
rebuilt and mine generally improved and put in safe and sanitary condition; 200-H.P. electrical power engine replaced
with new modern engine; two 125-H.P. boilers installed, re832,000 tons of coal developed.
placing worn-out boiler.
Working capacity, 750 tons per day. Mine No. 14, McKay
Vein AT o. 14, worked continuously. Average output, 370
136,000 tons of coal developed and output
tons per day.
of mine can be, at any time, increased to 650 tons per day.
—
—
—
Improvements.
and water systems at Lawson have been
extended to supply Black Diamond, and electric light and
water put in most of the houses. This adds to the comfort
of the employees and improves the sanitary conditions of
the camp.
Section 23, adjoining Black Diamond property, was leased
from the Northwestern Improvement Company, upon a
The
electric light
royalty basis.
The McKay Vein
underlies this section.
Four hundred and eighty acres of coal land, in Section 22,
The McKay
adjoining Black Diamond property, purchased.
Vein extends under this section and arrangements are being
made to mine the coal through No. 14 Mine.
The General Offices of the Company at Seattle were, on
October 1 1904, removed from the Burke Building to the
new office building, described in the last Annual Report,
which is conveniently located near the Company's wharves,
coal bunkers and depot.
As indicated in the last annual Report, the growth and
development of the Pacific Coast has been favorable to your
Company, and we have every reason to believe that the same
will continue and that a further increase of traffic and business may be expected in the future.
H. W. CANNON, Pres. and Chairman of the Board.
J. C. FORD, Vice-Pres. and Gen' I Manager.
(For income account and balance sheet, see page 1241.)
—
Oct. 21 1905.
—
.
1
:
.
THE CHRONICLE.
|
1
265
COTTON.
COMMERCIAL EPITOME.
Weather
Friday Night, Oct. 20 1905.
not
been favorable for seasonconditions have
able activity in a
cumber
<>f
lines of
merchandise.
Friday Night, Oct. 20 1905.
as indicated by our
telegrams from the South to-night is given below.
For the
the
evening
total
this
receipts
ending
week
have reached
321,919 bales, against 344,025 bales last week and 346.661
bales the previous week, making the total receipts since the
of September 1905 1,935,303 bales, against 2,250,891
1st
bales for the same period of 1904, showing a decrease since
Sept. 1 1905 of 315,588 bales.
MOVEMENT OF THE CHOP
TllK
Dealers
and jobbers have reported a light call from the retail trade
for supplies, which has been interpreted as meaning a quiet
As a i^tMu>i-;il rule, howcondition of business with them.
situation
healthy, and thencontinued
the
has
business
ever,
staples.
Pig iron has Receipts at
has been fairly fret- trading in most
continued in active demand and stocks during September Galveston
Pt. Arthur, 4c
made a large decrease. The steel mills have reported an \r« Orleans.
The grain markets Mobile
active demand for structural shapes.
Pensacola, &c
have continued firm, with Europe a free buyer of the coarser Savannah
Brunswick
grains for feedstuffs. Southern cotton planters were reported Charleston . ..
—
holding their crop at the recent decline in prices.
Lard on the spot has continued to meet with only a
limited sale, but as packers have not been forcing sales,
prices have held to a steady basis. The close was weaker at
7.60c. for prime Western and 7.00(« 7.25c. for prime City.
Refined lard has been quiet but steady, closing at 7.90c.
Speculation in the market
for refined for the Continent.
for contracts has been quiet, but on support from packers
have been advanced slightly. The close was easier.
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
So*.
November
deliv'y 7.25
Mm.
Tucs.
Wed.
7.17H
7.07^
7.V2H
6.82H
7.12)^
7.12J4
Thurs.
7.20
7.17J4
6.82^
6.82^
7.22J4
6.90
January delivery. 6.90
Fri.
12H
(
.
;
October ...
nber
December
.
6.75c. January
6.75c. February
6 B6c. March
6.95c. |May
7.05c. July
7.15c. (September
7.35c.
7.45c.
7.60c.
Raw
sugars have been more freely offered, and prices have
declined, closing at 3 9-16c for centrifugal, 96-deg. test, and
2 15- 16c for muscovado, 89-deg. test. Refined sugar has been
quiet and easier, closing at 4.50c. for granulated.
Rice has
been
fairly active at advancing prices.
Teas have had a
limited sale at steady values.
A fair export business has been transacted in Kentucky
tobacco, and prices have been steady.
Business in the
market for seed-leaf tobacco has continued active, there
being a good demand for Penn. broad leaf .Wisconsin ami
Gebhart, and at firm prices. Sumatra tobacco has had a fair
sale at full values.
Havana tobacco has been in fair demand
and
19,588
35,282
6*952
S.S4 2
6,048
,859
3,863
6,493
891
firm.
There has been a firmer market for Straits tin. but at the
close offerings were more free and prices reacted slightly to
32.37}^ (a-32. 62 i^c.
Business in copper has been dull and
rices are nominal at \<>yH (a. 16%e. for Lake and electrolytic,
E ead
has been in good demand, and prices have advanced to
Spelter has been firmer, closing at 6.15@6.25c.
5.25c.
Pig iron has been in good demand, and prices have advanced
to $17 50<§ 17 75 for No. 2 Northern and $17 25(5,17 50 for
No. 2 Southern.
Refined petroleum ha- advanced, and the close was firm at
7.70c. in barrels. 10.40c. in case.- and 4.80c. in bulk. Naphtha
has been unchanged ,t 12c. for 71 degrees and 12c for 76
degrees.
Credit balances have been advanced, closing at
Spirit-^ turpentine has been quiet and easier, closind
1.61c.
fiat at 71c. asked for machine bbls.
Rosins have held steady
1
Fri.
21,466
s.i:;r
,304
1
1.744
,826
237
12,904
12~888
13",823
12",650
8",899
V.411
"l",663
"l",45i
""994
l",328
1,755
615
114
11,371
8,183
100
2,834
2",50i
1,579
l",651
2",526
3",
V.612
4",986
6~,224
¥.472
3",832
3",
""20
Boston
Baltimore
Philadelphia.
"""27
""64
49,186
54,080
"107
"II
1
38,278
65,793
48,025
,487
297
71,935
8.183
7,942
100
14,706
29.240
197
""16
""499
1,041
1.041
91
.
Tot .this wk.
The
""345
1
197
N.-wp't N..&C.
New York
Total.
20,445 124,800
8,927
6,927
7,912 44,384
60
Norfolk
66,557 321,919
following shows the week's total receipts, the total
and the stocks to-night, compared with
since Sept. 1 1905,
last year.
1904.
1905.
The demand
5
Thurs.
18,507
7.10
6.773^
for pork has been slow but prices have been
well maintained, closing at S16(«16 50 for mess, $13 75®
Cut
16 50 for short clear and S17 50(fll8 for family.
meats have had a moderate sale at steady prices, closing at
^ sc
for pickled shoulders, 9%@10c. for pickled hams
and S'j('it t c. for pickled bellies 16(al0 lbs. average.
Beef has had a fair jobbing sale and prices have been steady
at SS 75(«9 25 for mess, $10 50@11 50 for packet, $12(7/ 13
Tallow has
for family and S17(a 18 for extra India mess.
been quiet but stead}- at 434c. Stearines have been quiet
and unchanged at 8c. for lard stearine and 7J4c. for oleo
stearine.
Cotton-seed oil has advanced, but the close was
Butter has been in fair
quiet at 25J-^c for prime yellow.
demand for desirable grades and prices have advanced,
closing at 16^(0 22J^c. for creamery.
Cheese has been
quiet and unchanged at 102€@llJ^c. for State factory,
Fresh eggs have advanced on smaller receipts,
full cream.
clearing at 23(« 24c. for best Western.
Brazil grades of coffee have been dull.
Buyers generally
have withdrawn from the market, showing a disposition to
Offerings have increased
hold off and await developments.
and prices have weakened. The close was steadier at 83^c.
for Rio No. 7 and 8J^c for Santos No. 4.
West India
growths have been quiet and easier at 9^c. for good Cueuta
l
and 11 /ic.
for good average Bogota.
Trading in the
speculative market has been more active, but at lower
prices, due to selling for the account of speculative holders
to liquidate their accounts.
The close was steadier. The
closing asked prices were as follows.
Wed.
Tins.
9,652
1
Georget'wn.&c
Wilmington ..
Washlngt'n.&c
prices
October delivery. 7.22K-
Mini.
Sat.
This
week.
Receipts to
Oct. 20.
Pensacola,
6,927
44,384
11,487
&c
Charleston
Georgetown, &c
Wilmington ..
Washington, &c
Norfolk
1
125,978
95,632
13,045
7,839
81,526
7,188
11,716
75
27,077
29~240
197
182.845
1,091
35,460
468
""499
5,389
2,364
705
67.049
17,107
525,635
27,886
81,292
101
18
._
.Newp't News, &c.
New York
Boston
Baltimore
482
1,041
91
Philadelphia
1904.
1905.
1904.
782,612 206,856 155,399
7,849
383,264 109",025 203",419
70,282 47,163 38,490
15,263
555,220 173~,734 125", 064
36,122 15,901
4,965
96,062 39,700 25,424
93
130,222 19",3l6 3l~,934
78
169,490 58",III 28",898
1,124
233.006 69", 655
509
1,085
3,605
2,221
2,032
2,052
649
5,855
5,422
1,984
10,780
156,145
297
71,935
8,183
7,942
1U0
14,706
Savannah
Brunswick
SinceSep
730,454 110,318
.. 124,890
Galveston
Pt. Arthur, &c
New Orleans
Mobile
This
week.
SinceSep.
1 1905.
Stock.
"43
1,027
223
321,919 1,935,303 393,639 2,250,891 913,865 692,409
Totals
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons
we
1901.
1900.
96,637
110,014
6,856
44,871
12,338
11,612
15,743
12,164
121,518
108,989
13,987
71,549
15,373
21,625
36,019
590
30,797
313,879
420,447
319,002
Receipts at
1905.
1904.
1903.
Galv'n, &c.
112,302
95,632
13,045
81,526
All others..
10,111
27,095
35,460
468
16,320
104,956
67,364
14,105
71,818
7,773
23,784
21,740
138
12,602
98,856
91,803
9,878
49,828
N'p'tN.,&c
131,817
44,384
11,487
71,935
8,042
14,706
29,240
197
wk
321,919
393,639
324,280
NewOrleans
Mobile
Savannah .
Ch'ston, &c
Wilm'n, &c
Norfolk ...
Tot. this
Since Sep.
1
11,791
1902.
9,091
16,366
25,264
629
862
20,069
1,935,303 2,250,891 1,580,629 1,952,245 1,650,822 1,920,230
The exports for the
of 266,327 bales, of
week ending this evening reach a total
which 99,885 were to Great Britain,
53.788 to France and 112,654 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1905.
Week ending
from
Oct.
20
1905.
From
Sept.
1905 to Oct. 20 1905.
Great
Great
ContlBritain Fr'nce nent.
1
Exported
Exported to
Ex porta
Total.
Britain. France.
Galveston
45.865.il. 084 20.030 97,579
Port \rthur,&c
6.526
6,526
New Orleans .. 23,91022.094 8.478 54,488.
Mobile
Pensacola
Savannah
<;:',. :,.".i
63.529
Brunswick
S6
115.392
37,135 23",709
3,502
8.745
T.s'.ii;
7,078
3,461
1
to-
Continent.
Total.
V5",7i2
486,021
9,524
85,805
3,502
24,457
225,656
L'lll.'i.iO
148.143|
9.524
24,961
6,911
10,372
42~839
106. ||8
foarleston
i
ilminulon
Norfolk
\\
Newport News.
New York
13,700
1,200
7,075
Bof ton
1,311
Ba tlmore
5,930
2,088
Philadelphia ..
Portland, Me
in
19,337
1,200
58~,854
1,200
""451
1
,3
151
21,394
1
T.oi
l
J. OS,
[6,a
'.i.l
I
I
1,571
2,7011
9,1 16
n,
638
i.dii
..no
6
100
tie
i
1.200
89.783
0".563
5.573
Y.osi
5",225
aruma
6
Km
I'm land. Ore.
t
Total
99,88553,788 112.654 266.327
128.69
1
161.485
;
Total 1904.
130.46..
1.17.'. .'.v..: 2
I
for common and good .-trained.
Hops have had a
fair sale at steady prices.
Wool has been fairly active ang
to-nighl also
in addition to above exports, our tel<
ton on shipboard, ao1
give us the following amount*
We add similar figures for
cleared, at the ports Darned.
firm.
New
at
.?•}
York.
THE CHRONICLE.
1266
On
Shipboard, Not Cleared for
FUTURES. — High,
—
&>
Great
at—
Oct. 20
New
Britain. France
Orleans.
4,187
14,121
8,500
Galveston
Savannah
Ger-
Dili, r
many.
Forril/ll
Coastwise.
5,413
3,111
19,166
3,224
6,982
II), .'{51
100
5,555
900
l,(M)i)
3,000
Charleston
Mobile
Norfolk
V, 700
"2,666
9",275
New York
6",666
""800
2",800
Other ports
47,508
72,194
82,254
2~300
2,000
11,000
i:*,of>.;
58,5X9
31,993
,700
41,604
10,000
Total 1905..
Total 1904..
Total 1903.
1
45,352
79,414
53,827
20,964
53,445
42,539
I
slock
16,035 92,990
56,175 150,681
13,400 160,334
3,000 36,700
17,675 29,488
41,604 16,507
11,900 221,106
23.000 23,270
55,959 182,789 731,076
10.991 274.633 417,776
15,005 225.618 300,497
~ ~
gap
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New York.
low and closing prices at
u-
Leaving
Total.
Vol. lxxxi
4-
1
too
O©
00 -J
-1©
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Speculation in cotton for future delivery has been fairlyVI 00
©-i
CO*.
lili
cn© -1 ~.
Early in the week prices declined, January deactive.
Receipts were
oo oo oo oo
livery, on Tuesday, selling down to 9.62c.
-1-1
—
ooo 00
oo-i
COM
Cn Cn
o
reported large, the Southern markets were easier and there
/
00
00
410
s. ICn to
CnO
o
£2
was continued selling for speculative holders to liquidate
© © © I® I® I® I® I® I®
their accounts; as prices yielded, stop loss orders were unoo
oo oo oo oo oo oo
_ _
©-1
b©
ooo -100 -100
o
covered and their execution resulted in a break in the market.
©en c
end -IIO o — c© -1-1 OOO
At the decline in prices the advices received from the South
©o oo oo oo oo oo
©
stated that planters were withdrawing from the market
—o
©00 ooo O-l
©Cn © *.
ceo en
cote
/ oo
to.*.
to a
to 00
as sellers, it being their intention to hold their cotton and
<»
®
©
I®
I®
I®
I®
I®
I® I®
I®
half
second
of
not sell below the basis of 10c. During the
—8
—— —
oo
o©
o©
©o
oo
oo
oo
the week the market turned decidedly firmer and a conco
oooo
to to
oo
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aa
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co co
The reports
z s. coco
©—
©
siderable advance in values was established.
of light offerings from the South created some uneasiness
o©
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co to
co
to —
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to
among shorts and they started buying to cover contracts;
— * co© ©o
co
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eno CO GO oooo co©
then came predictions of frost, and this started general buy® © ©
® © ©
I®
Reports from Livering, on which prices advanced sharply.
o© ©o e© oo oo oo ••5
—
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pool reported a more active and firmer market for spot
co*.
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toco
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to to
©© o©
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Some
cotton and this too operated in favor of the market.
O© OO oo o© ©o oo oo oo
authorities it was reported, were giving out smaller crop
CO to
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to —
— CO CnOn
OO *-to
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estimates and this had a bullish effect. To-day the market
©
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was fairly active and higher. Some frost was reported and
|® ® I® •I
o© ©3 I®
oo o© oo oo ©"C
the weather forecasts were for more frost, on which there
- - coco toco
en
oo oo
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was fair buying, advancing prices. Receipts, reflecting the
eo-i
to
©-i ooo ooo recent holding of cotton, fell to moderate figures, and the
-1
—
-1
co
CO
amount of cotton in'sight for the week was smaller, than the
oo
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o
00
00
00
oo
to
o
to
©
to
o
preceding week. The close was steady at a net gain for the
®
I®
day of 20@24 points. Cotton on spot firmer and at close
advanced 15 points to 10.40c. for middling uplands.
*.
CO
co
Cn
en
CO
—
o
©
-1
-1
eo
eo
eo
to
-a
o
o
o
The rates on and off middling, as established Nov. 18 1903
made
as
VISIBLE
SUPPLY
OF
COTTON
to-night,
THE
by the Revision Committee, at which grades other than
up by cable and telegraph, is as follows. Foreign stocks, as
middling may be delivered on contract, are as follows:
Even well as the afloat, are this week's returns, and consequently
Fair
c. 1.30 on Good Middling Tinged
0.96 on Strict Middling Tinged
... 0.05 off all foreign figures are brought down to Thursday evening.
Middling Fair
0.62 on Middling Tinged
0.12 off
Strict Good Middling
0.44 on Strict Low Middling Tinged ... 0.34 off But to make the total the complete figures for to-night (FriGood Middling
0.50 off
Strict Low Middling
0.14 off Low Middling Tinged
0.38 off Strict Good Ordinary Tinged... 0.84 off day), we add the item of exports from the United States,
Low Middling.
Strict Good Ordinary
0.72 off Middling Stained
0.50 oft including in it the exports of Friday only.
Good Ordinary
1.00 off Strict Low Middling Stained... 1.06 off
1903.
1905.
1904.
1902.
October 20—
1.50 off
Strict Good Middling Tinged... 0.30 on| Low Middling Stained
245,000
133,000
bales. 624,000
252,000
Stock at Liverpool
On this basis the official prices for a few of the grades for Stock at London...
13,000
18,000
24,000
15,000
10,587
32,000
10,000
Stock at Manchester..
the past week would be as follows:
"..
'Xi
I
I
I
I
'X.
'.;
I
I
I
Total Great Britain stock...
UPLANDS.
Good Ordinary
Low
Middling
Middling
Good Middling
Middling Fair..
GULF.
Good Ordinary
Low
Middling
Middling
Good Middling
Middling Fair
STAINED.
Sat.
Mon.
Tues.
Wed. Thurs.
9.10
9.72
10.10
10.54
11.06
8.95
9.57
9.95
10.39
8.85
9.47
9.85
10.29
10.91
10.81
9.00
9.62
10.00
10.44
10.96
Sat.
Mon.
Tues.
Wed. Thurs.
9.35
9.97
10.35
10.79
11.31
9.20
9.82
10.20
10.64
11.16
9.10
9.72
10.10
10.54
11.06
9.25
9.87
10.25
10.69
11.21
Sat.
Mon.
Tues.
Wed. Thurs
8.45
9.45
9.61
9.95
8.35
9.35
Low
Middling
8.60
Middling
9.60
Strict Low Middling Tinged
9.76
Good Middling Tinged
10.10
.
9.51
9.85
The quotations
8.50
9.50
9.66
10.00
for middling upland at
October 20 for each of the past 32 years have
1905. c. 10.40
1889.C.10 9-16
1897.C. 6 3-16
1904. ..10.15
1896.
7 15-16 1888... 9H
1903..
9.80
1895.
1887... 9%
1902..
8.70
1894..
1886... 9 5-16
5^
1901..
1893..
8 9-16
1885... 9 13-16
8H
1900..
1892..
1884... 9 15-10
9 K
8X
1899..
1891..
8 5-16
1883... 10 9-16
7%
1898.
1890.. 10M
1882.. .11 1-16
5%
.
.
.
MARKET AND
9.25
9.87
10.25
10.69
11.21
9.50
10.12
10.50
10.94
11.46
8.75
9.75
9.91
10.25
Fri.
9.40
10.02
10.40
10.84
11.36
how
Fri.
8.90
9.90
10.06
10.40
been as follows:
1881.C.11H
1880--.11 3-16
1879.
.11
1878.. .10
1877.. 11 5-16
1876..
1875.. -14X
1874.. -15X
SALES.
the market for spots and futures closed on
and Contract.
7,000
14,000
3,000
277,000
33,000
83,000
4,000
40,000
3,000
5,000
17,000
9,000
161,587
33,000
82,000
5,000
52,000
2,000
6,000
9,000
8,000
258,000
14,000
89,000
5,000
53,000
3,000
30,000
12,000
3,000
287,000
194,000
197,000
209,000
967,000
82,000
596,000
48,000
70,000
415,000
913,865
401,743
53,349
471,000
8,000
739,000
32,000
90,000
205,000
692,409
422,250
358,587
28,000
634,000
38,000
67,000
199,000
526,115
239,684
46,820
467,000
24,000
589,000
48,000
84,000
182,000
633,201
437,261
39,599
680,000
17,000
190,000
53,000
3 ,000
-.
Total Continental stocks
9.65
10.27
10.65
11.09
11.61
New York on
Sales of Spot
at Hamburg
at Bremen
at Antwerp
at Havre
at Marseilles
at Barcelona.
at Genoa
at Trieste
Fri.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance
same days.
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Stock
Total European stocks
India cotton afloat for Europe.
Amer. cotton afloat forEurope.
Egypt, Brazil, &c.,aflt.forE'pe.
Stock in Alexandria, Egypt...
Stock in Bombay, India
Stcok in U.S. ports
Stock in U.S. interior towns...
U. S. exports to-day
'58,006
3,546,957 2,717,665 2,137,206 2, 504,061
Total visible supply
Of the above, totals of American and other descriptions are as follows:
..1
A 7Yl£T%C(X7h —~
189,000
64,000
205,000
Liverpool stock
bales. 547,000
8,748
29,000
8,000
Manchester stock
172", 666
123,000
250,000
111,000
Continental stock
589,000
634,000
596,000
739,000
American afloat for Europe
633,201
692,409
526,115
913,865
U. S. stock
437,261
422,250
239,684
401,743
U.S. interior stocks
39,599
46,820
53,349
58,006
U. S. exports to-day
-
.
Total American
East Indian, Brazil, &c.
Liverpool stock
London stock
Manchester stock
Continental stocks
India afloat for Europe
—
Egypt, Brazil, &c, afloat
Stock in Alexandria, Egypt
Stock in Bombay, India
Total East India,
Total American
&c
2,790,957 2,235,665 1,642,367 2,060,061
.
77,000
24,000
3 ,000
37,000
82,000
48,000
70,000
415,000
47,000
15,000
2,000
83,000
8,000
32,000
90,000
205,000
69,000
18,000
1,839
74,000
28,000
38,000
67,000
199,000
r.
w
56,000
13,000
37,000
24,000
48,000
84,000
182,000
494,839
444,000
482,000
756,000
2,790,957 2,235,665 1,642,367 2,060,061
Futures
Saturday.
Monday
Tuesday
.
Wednesday
Thursday
Friday
Total
.
.
Spot Market
Market
Ex-
Closed.
Closed.
port.
Quiet
Quiet
Quiet
Quiet
Quiet
Stady
15 pts. dec. Steady
10 pts. dec. Very steady
15 pts. adv. Steady
25 pts. adv. Steady
Q.iiet 15 pts. adv. Steady
Consum'n.
727
100
Contract.
Total.
727
l",I66
1,200
l",666
"500
1,600
100
600
2,027
2,800
4,827
.
"700
_
"700
3,546,957 2,717,665 2,137,206 2,504.061
Total visible supply
4.68d.
5.36d.
5.74d.
5.42d.
Middling Upland, Liverpool...
8.70c.
10.05c.
10.10c.
10.40c.
Middling Upland, New York..
8 3-16d.
8Md. 7 l-16d.
8J4d.
Egypt Good Brown, Liverpool.
6.90d.
9.05d.
10.5d.
9.00d.
Peruv. Rough Good, Liverpool
4%d.
5^d. 5 7-16d.
5 7-16d.
Broach Fine, Liverpool
4-25-32_d
7-16d.
5^d.-'
Tinnevelly Good, Liverpool ...f.^t5Md.-' 5
.
Continental imports^pasfweek have^been 86,000|bales.
The above figures for 1905 show an increase over last
week of 235,549 bales, a gain of 829,292 bales over 1904
and an excess of 1,409,751 bales over 1903.
^
.
,
.
l
1
.
1
.
.
THE CHRONICLE.
Oct. 21 19«5.|
TOWNS
the movement -thai is the
AT Till'. INTERIOR
receipts for the week and since Sept. 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of the previous year -is set "in in
1267
QUOTATIONS FOB MIDDLING COTTON AT OTHER
MARKETS.-
-Below are the closing quotations of middli
cotton at Southern and other principal cotton markets for
each day of the week.
detail below.
Closing Quotation* for Middling Cotton on
~2~ 25 g
3.= a
Ul
Oc!
la it 2
^J <^3
!g< s
E'3 m x c
'Si
^
-
~ P
-
&QS
*•
3?
5O
^ —-2
-•"
3 £ 5 g 5 » =»
rr ^
£ e> r - - cr
a
£
-
^eX E
»
O ^
-
** jq
-
o
a> 5;
Monday. Tuesday. Wed'day.Thured'y Friday
Sat' day.
20.
e-"
O ej
3-
i
ton
New
i
. .
irleans
9
W
9 13-16
annah
9%
B 9 i"
9 9 L6
9 7-16
7-16
9 7-16
9^
.
Charleston
-
<)
Wilmington.
- o
o s
e
-3'-*3^i£
- • ~
3- =
it
O
...
:|||
:
aa
p
-
i
9!
—' —
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Augusta
tit
Memphis
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t
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•
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OVERLAND MOVEMENT FOR THE WEEK AND
—
1.
We give below a statement showing the
overland movement for the week and since Sept. 1 as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
,
-1905Since
Week
Sept. 1.
7,870
28,411
3,192
9,908
1,238
2,009
1,805
8,061
611
3,901
3,986
14,610
—
Oct. 20.
Sh ipped
ViaSt. Louis
Via
Via
Via
Via
Via
Cairo
Rock Island
Louisville
Cincinnati
other routes, &c
Total gross overland
Deduct shipments
-1904Sincc
Week.
Sept. 1.
28,869
22,904
9,348
10,934
661
1,975
4,368
1,411
5,619
3,225
18,518
885
18,702
66,900
28,171
80,546
Overland to N.Y. .Boston, &c. 1,631
Between interior towns
48
Inland, &c, from South
534
8,940
375
5.396
1,293
117
3,210
625
4,657
2,213
14,711
2,035
8,181
total net oveland. a. 16,489
52,189
26,136
72,365
—
Total to be deducted
Leaving
o Including movement by
rail to
314
Canada.
The foregoing shows the week's net overland movement
this year has been 16,489 bales, against 26,136 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 20,176
bales.
-1905
'/n Sight and Spinners'
-1904
Takings.
Week.
Receipts at ports to Oct. 20
321,919
Net overland to Oct. 20
16,489
South'n consumption to Oct. 20 45,000
1,935,303
52,189
Total marketed
Interior stocks in excess
2,309.492
266,566
Came
Into sight during
Total in sight Oct. 20
1903— Oct.
1902— Oct.
1901— Oct.
1900— Oct.
22
24
25
26
Sept.
1.
322,000
week. 439,201
Sept. 1.
Week.
393,639 2,250.891
72,365
26.136
275.000
42,000
461.775
93,175
2,598,256
359,990
554,950
2.958.246
2,576.058
North, spin's* takings to Oct. 20 66,729
Movement
Week—
Since
Since
383,408
55,793
10K
in',
9"
4
id
9 7-10
... 9J4
Natchez
9 11-16
Raleigh
9H
Shreveport ..9 9-16
,1
Oct. 17.
Wed' day, Thursday, Friday,
Oct. 18
Oct. 19.
Oct. 20.
Range
Range
March
Range
.65
9. 52-. 55
9.46-.61
9.53-.56
9.72
9.75-.77
9. 83-. 92 10. 06-. 13
9.85- .87 10. 12-. 14
9.71- .80
9. 76-. 77
9. 58-. 73
9.60-.61
9.519.60-
9.64-.S2
9.81-.82
9.89-. 03 10. 09-. 23
9.94-.95 10.22-.23
9.79- .88
9.85- .86
9.67-.98
9.60-.80
9. 69-. 70
9. 69-. 70
9.72-.91 9.98-. 12 10.18-.32
9.90-.91 10.03-.04 10.31-.32
9. 98-. 07
Closing ..
10.03-.04
9. 85-. 00
9. 87- .88
9.789.87-
Range
10. 10-. 17
10. 13-. 15
9.96-. 10
9. 97-. 98
9. 89-. 07 10.02-
Easy.
Steady.
Easy.
Firm.
9.91-.11 10.17-.30 10.36-.50
10. 09-. 10 10.22-.23 10.50-.51
9.99-.00 10.21-
10.29-.42 10.49-.62
10.33.-34 10.61-.62
ToneSpot
Options
Quiet.
..
Steady.
Firm.
Firm
Ve'y st'y Steady.
.
Firm
Firm.
-
The above totals show that the interior stocks have
increased during the week 55,793 bales, and are to-night
20,507 bales less than at the same period last year. The
receipts at all the towns have been 61,402 bales less than
the same week last year.
SINCE SEPT.
10
10.50
9 15-16
10
10.25
10.25
L0.6S
iu\
9Vs
9Vs
10%
.
,
Oct. 16.
9.68
Closing ..
— co to 4. ^a
5a
OS^J — » — 0031^13>CO —
Oi03!t0 30iO cn^lifa O *• O
— *. — —
—to
s*
COCO — 3510354.0035^1*.
CO00tOlnii.00to~JCO — oco
oooo*.*.moo — —
to CO to
!>'',
9 7-16
Monday Tuesday
9. 74-. 75
December —
May —
it.
Cn
'.)•',
Nashville
Closing ...
—
.
I-. >«.
16
I
9
—
Closing ...
-i
.
9
I
10
10
s
9 11-16
Montgomery
Range
January —
,
'
-si
October
Closing ...
CO
a>~
i
I
r.
:•-•
-~l
!).SS
10
Louisville
Oct. 14.
to
.
.
I—
7
9%
and closing quotations for leading options in the New
Orleans cotton market the past week have been as follows:
8 o-ouo^ioxc:tonooic--c^**--ooi*- ]o»-ia ic i MMS]HM
«
01
©
&£
— "-OJtOO -IIC-i*Hli*sa CO to In — to a f in — tO
to i^
o en
cnnnasa-ooiooiMSioMMcsoacijts oow~)3ocoascooo^.t»ooitk
—
—
020
00
O^JOO35 10»3C10C0OO»ln3C^JOO30i*.t01nC<0CnC7>4.C0O>
OO-^WlCSi -1 i- ~l — c ~ to o n ~4 © ~J O in *. o m to ^J o c»
'
9 9-16
Sat'day,
OtCOJCOCnCnto — 00-4J^CnO-JOCn~JtO^J30tOO— -^CDtoOlococncO
l-»
9J|
9 11-16
3>
COtO*.C7s
oato3ococncoootoooaio»a<.^j
9
\)%
in
10.25
914
9 9 16
9Vs
10^
s
If,
A
97
est
•
O4.to^jioc5cncnt*j^co»j.i-'it.oo»
I0'
'.',
9 13- 16
16
NEW ORLEANS OPTION MARKET.— The highest, low-
•-•
•—
OOC0J.O35O — ii^0itJ3>IO© —
— "J
..
Atlanta
>*
>*
-j
i—
— to
lo 10 -q to co
ib^j*n — nc5to*-n®-ac5~a«^n^j^ otoj.~j©-&-*.o-'icn.*.co
~ -J 30 — tonioio — C: OS -J Ci Cn —
N33300O15C0OCS*>-*-lStON)10 WClO*OWh5XOnaiO^"0^»lS
coio*.»co»j — *^i3Xon;iN s c — ic~- n^^;c;iocnxtOhft.coioto
to
4* In In CO
-
9N
II
it
The closing quotations to-day (Friday) at other important
mt hern markets were as follows:
at
~o\
-
it;
'>-•,
9 119.86
9.95
9.SS
10.10
10.10
9.88
10.20
9 7-16
•j 7-16
9J
"9Tl-16
9ji
,
10.10
10
10.35
9 11
10
Columbus, Ga..9H
Columbus, M...9H
/"
?
Louis
.
Houston
l.ililc Hock
40
—c— —
...
Philadelphia
,
3'!
a"!
Boston
Baltimore
-
£ -3
:
:
:
:
:
-
10
'J-,
'.),
9 9-16
Uoblle
s.e.
.a
—
Week ending
266,983
59,305
266.610
into sight in previous years.
Bales.]
Since Sept 1 .—
445,787 1903— Oct. 22
452,445 11902— Oct. 24
557,53611901— Oct. 25
471,43811900— Oct. 26
.
Bales.
2.123,306
2,778,082
2,367,876
2.711,418
WEATHER REPORTS BY TELEGRAPH.— Advices
by telegraph from the South denote that
to us this evening
the temperature has been rather low at some points during
the week, but no damaging frosts are reported by our cor-
respondents except in North Texas and the Territories.
On the whole, where rain has fallen the precipitation has
been moderate, but in portions of Texas and in a few districts
elsewhere wet weather has interfered somewhat with the
From Mobile and Augusta we are
gathering of the crop.
advised that picking is nearing completion in those vicinities,
and Selma reports the crop all picked on uplands.
Galveston, Texas.
Damage is reported to late cotton in
North Texas and the Territories by to-day's frost. Recent heavy rains in portions of the State will delay picking
and also cause damage to open cotton. It has rained on one
day of the week, the precipitation reaching forty hundredths
of an inch.
The thermometer has ranged from 62 to 83,
averaging 73.
Abilene, Texas.
We have had rain on one day during
the week, to the extent of ninety-two hundredths of of an
inch.
Average thermometer 65, highest 86, lowest 44.
Brenham, Texas. There has been rain one day the past
week, the rainfall being ninety-two hundredths of an inch.
The thermometer has averaged 77, the highest being 94
and the lowest 55.
Corpus Christi, Texas. There has been rain on one day
of the week, the rainfall being eight hundredths of an
inch.
The thermometer has averaged 73, ranging from
56 to 90.
Cuero, Texas.
We have had rain on one day during the
week, the rainfall reaching forty-four hundredths of an
inch.
The thermometer has ranged from 55 to 93, averaging 74.
Fort Worth, Texas.
Rain has fallen on three days of the
week, the precipitation being one inch and forty-four
hundredths. The thermometer has averaged 78, the highest being 90 and the lowest 46.
JIuntsville, Texas.
There has been heavy rain on one day
of the week, the rainfall being one inch and forty-th
hundredths. The thermometer has averaged 71, rangi
from 50 to 92.
Kerrville, Texas.
We have had rain on three days during
the week, the rainfall being eighty-two hundredths of an
—
—
—
—
—
—
—
—
Average thermometer 67, highest 87, lowest 16.
Lampasas, Texas. We have had heavy rain on two da
the week, the precipitation reaching two inches and twentytwo hundredths.
The therm-meter has averaged 89,
)he highest being 90 and the lowest 47.
Longview, Texas.
It has rained on three days durum tinweek,' to the extent of one inch and t\venty--i\ hundredths.
The thermometer has averag-d 69, ranging from 17 to 90.
inch.
—
—
THE CHRONICLE.
1»68
|
—
Luting, Texas.
Wc have had heavy rain on one day during
the week, the rainfall reaching one inch and thirty-five
hundredths. The thermometer has ranged from 54 to 92,
averaging 78.
acogdoches
.V
,
Texas.
— We have had
rain
on two days dur-
ing the week, the rainfall being fifty-nine hundredths of an
inch.
Average thermometer 73, highest '.)'! and lowest 54.
Palestine, Texas.
It lias rained heavily on three days
of the week, the rainfall reaching two inches and two hundredths.
The thermometer has averaged 69, the highest
being 88 and the lowest 50.
Paris, Texas.
It has rained heavily on three days of
the week, the rainfall reaching two inches and seventy-three
hundredths. The thermometer has averaged 65, ranging
from 44 to 86.
San Antonio, Texas.—
have had rain on one day during
the week, the rainfall reaching sixty-two hundredths of
an inch. The thermometer has ranged from 54 to 90,
averaging 72.
Weather] ord, Texas.
have had rain on two days during
the week, the rainfall being one inch and thirty-eight hundredths.
Average thermometer 66, highest 85, lowest 45.
New Orleans, Louisiana. It has rained on one day of the
week, the rainfall reaching seventy-six hundredths of an
inch.
The thermometer has averaged 74.
Shreveport, Louisiana.
There has been rain on one day
of the week, the rainfall being twenty-four hundredths of an
inch.
The thermometer has averaged 69, ranging from
49 to 88.
Columbus, Mississippi. The crop is thirty per cent short
of last year.
Picking is progressing satisfactorily. There is
no top crop. Frost would do but little damage. There
has been no rain during the week. The thermometer has
ranged from 60 to 88, averaging 72.
Leland, Mississippi.
have had rain on one day during
the week, to the extent of ten hundredths of an inch.
Average thermometer 66.4, highest 88, lowest 39.
Helena, Arkansas.
Rain has interfered slightly with
picking.
Not much top crop is expected.
have had
rain on two days during the week, the rainfall reaching one
inch and forty-six hundredths.
The thermometer has
ranged from 36 to 83, averaging 70.
Nashville, Tennessee.
Picking is progressing as rapidly as
weather conditions will permit. Planters are inclined to
—
—
We
— Wc
—
1905.
October 19.
Receipts at-
Bombay.
— We
—
We
7,000
Great
the
1903.
Since
Week.
1.
50,000
For
[Sept.
Since
Week.
1
48,000
6,000|
Week.
Sept. 1.
4,000
38,000
Since September
C on li-
Britain.
Great
Britain.
Total.
l.
ContiTotal.
ru nt.
Bombay
1905
1904
1903
Calcutta
1905
1904
1903
2,000
8,000
2,000,
50,000
666
20,000
58,000
1,000
22,000
1,000
2,000
3,000
4,000
3,000
3,000
4,000
1,000
2",
1,000
1
,000
,000
1,000
1,000
1,000
5,000
1,000
1,000
5,000
1,000
1,000
2,000
3,000
3,000
2,000
3,000
3,000
26,000
21,000
19,000
26,000
21,000
19,000
5,000
4,000
3,000
6,000
4,000
3,000
9,000
83,000;
2~666
26,000
44,000
92,000
26,000
46,000
1
Madras
1905
1904....
1903
others—
All
1905
1904
1903
Total all—
1905
1904
1903
1,000
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through arrangements made with Messrs.
Choremi, Benachi & Co.. of Liverpool and Alexandria, we
now
receive a weekly cable of the movements of cotton at
Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
Alexandria,
Alexandria, Egypt,
Oct. 18.
1905.
1904.
1903.
220,000
644,062
215,000
767,484
265,000
974,146
This
Since
week Sept. 1.
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
Receipts (cantars a)
This week
Since Sept
.
1
—
It has rained during the week, the rainfall reaching
one inch and thirty-five hundredths. The thermometer
has averaged 65, ranging from 48 to 81.
Memphis, Tennessee. Picking made rapid progress until
interrupted by heavy rains the latter part of the week.
There has been rain on three days the past week, the rainfall being four inches and seventy-six hundredths.
The
thermometer has averaged 68.5, the highest being 82.2
Sept.
Exports from-
—
—
1904.
Since
If"/;.
Vol. lxxxl
Exports (bales)
sell.
—
To
To
To
To
Liverpool
.
Manchester
Continent
America __
Total exports
a
A
cantar
is
.
..
5,250
5,750
7.750
2,000
22,616
9,287
28,181
5,958
2,750
20,750
66,042
8,150
5~,
666
400
666
500
27,641
7,934
33,974
1.775
65,088| 15,500
71,324
19,517,
7,000
10,908
30,969
3,694
8",
!
;
98 lbs.
and the lowest 51.7.
MANCHESTER MARKET.— Our report received by
Mobile, Alabama.
Rain in the interior in the early part of cable to-night from Manchester states that the market is
the week interfered with picking; otherwise that work has quiet for both yarns and shirtings.
The demand for India
made fair progress and is nearing completion is some sections. is improving. We give the prices for to-day below and leave
Planters generally are holding for higher prices.
We have those for previous weeks of this and last year for comparison.
had rain on two days during the week, the rainfall reaching
1905.
1904.
seventy-five hundredths of an inch.
Montgomery, Alabama. We have had rain on one day
S'4 lbs. Shirt- Cot'n
8H lbs. Shirt- \Cofn
Mid
Mid
32s Cop.
ings, common
32s Cop.
ings, common
during the week, the rainfall being ninety-four hundredths
Twist.
Vp's.
Twist.
to finest.
Vp's.
to finest.
of an inch.
Average thermometer 69, highest 86, lowest 45.
d.
d.
d.
d.
d.
d.
d.
s.
d. s.
d.
s.
s.
Selma, Alabama. Crop on uplands has all been gathered Sep.
6.82
5.57 9 3-16 @9
6
6
1X(S\9 1
@9 3
15
7-16
<5>9V|
6.62
6
<&9
5.64 9^
1
<&9 3
and shows short yield. We have had rain on one day of the 22 8
@9 l.".-16 6
5.80
6
1
5 11H®9
@9
3
29 8 7-16 @9^
5.74,8 15-16®9^
week, the precipitation reaching seventy-two hundredths of Oct.
10W
f.%
5.62
6
<5>S
5.41
5
0)9%
11^@9
3
6
an inch. The thermometer has averaged 68, the highest
<a>9
6
®8 10^ 5.328^g
5.50
<&9%
5 11^@9 3
13 &%
being 86 and the lowest 43.
6
@8 lO^i 5.42jS!4
5.36
@9 3
20 8M
@9
@9H 6
Madison, Florida. It has been dry all the week. The
thermometer has averaged 68, ranging from 50 to 86.
NEW ENGLAND COTTON MILL SITUATION.— InSavannah, Georgia. Dry all the week. Average therWages and Profit-Sharing Plan at Fall River. In a
—
T
—
—
—
—
mometer 71, highest 84, lowest 50.
Smyrna, Georgia. — has rained on one day of the week,
the
It
rainfall reaching eighteen
—
crease in
letter dated Oct. 17th, Mr. C. M. Hathaway, Secretary of
the Fall River Cotton Manufacturers' Association, announces
to the mill operatives that an advance in wages of 5 per cent
hundredths of an inch. The
thermometer has averaged 65, the highest being 80 and the
beginning Monday October 23 has been decided upon. The
lowest 43.
Augusta, Georgia. Cotton picking is drawing to a close. manufacturers have also agreed to adopt a system of profitThere is a disposition to hold cotton for higher prices. There sharing as follows: "When the average margin between the
has been a trace of rain on one day during the week. The cost of eight pounds of middling upland cotton in New York
and the value of 45 yards of 28-inch 64x64 print cloths shall
thermometer has ranged from 42 to 85, averaging 69.
75 cents, they will pay at the end of each period of
exceed
Charleston, South Carolina.
There has been a trace of
from October 23 1905 to all operatives who have
weeks
four
rain on two days of the week.
The thermometer has averbeen in their employ two weeks or more a dividend on their
aged 70, ranging from 55 to 82.
Greenwood South Carolina. We have had no rain during earnings during said period of 1 per cent for every cent the
the week. The thermometer has ranged from 51 to 74, margin shall exceed 75 cents until the margin reaches 85
cents, and one-half of 1 per cent for every cent in excess of
averaging 62.
—
—
,
—
—
Charlotte, North Carolina.
It has rained to an inappreciable extent on one day of the week.
The thermometer has
averaged 66, the highest being 83 and the lowest 49.
The following statement we have also received by telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given the last two years:
Oct. 20 1905.
Oct. 21 1904.
New
Orleans
Memphis
Nashville
Shreveport
Vicksburg
Above zero of
Above zero of
Above zero of
Above zero of
Above zero of
gauge.
gauge.
gauge.
gauge.
gauge.
Feet.
5.1
5.9
10.8
0.8
9.1
Feet.
3.9
3.2
6.6
0.2
5.0
INDIA COTTON MOVEMENT FROM ALL PORTS.—
receipts of cotton at Bombay and the shipments from
The
all
India ports for the week and for the season from Sept.
for three years
have been as follows:
1
85 cents."
Twenty-one cents per cut
maximum
when
rate for weaving,
the margin is at 95c.
is
fixed by the scale as the
figure would be reached
which
The margin to-day
is
about
Should this margin hold for four weeks from October
83c.
23, the operatives will receive an additional wage of 8 per
cent on what they have earned in that period. The price paid
for weaving before the wage reduction of last year was 19.8c.
It is now about 17.35c, will be raised to about 18.2c. on
Monday, and when the margin of 85c. prevails weavers will
be paid 20c. per cut.
It is stated that the scale is satisfactory to those operatives
whom it has been explained.
Following the action of the Manufacturers' Association,
Mr. M. C. D. Borden ordered the posting of notices in the
Iron Works Mills to the effect that, beginning with Monday
to
—
.
1
.
THE CHRONICLE.
Oct. 21 1905.]
next, wages of operatives would be restored to the scale In
This amounts to an immeforce prior to January 23 1905.
12'
market for jute
bagging has been very dull during the week under review,
with prices nominally unchanged at () s('. for
lbs. and
.lute butts also dull at
GJ-gc. for 2 lbs. standard grades.
2
2' 4 e. for bagging quality.
(d
4 e. for paper quality and 2(3
:,
:i
1
(
;
'
1
:i
i
SHIPPING NEWS. — As shown
on a previous page, the
exports of cotton from the United States the past week have
reached 260,327 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Liverpool, per steamers Baltic, 1,386
Cedric (.additional), 1,000 Celtic, 2,689
-To Hull, per steamer Consuelo, 1,800...
To London, per steamer Minnetonka, 200
To Havre, per steamer Montreal, 10 foreign
To Bremen, per steamer Oldenburg, 306
KroonTo Antwerp, per steamers British Princess, 400
land, 100
Republic,
To Genoa, per steamers Koenigen Luise, 1,405
942
To Naples, per steamer Koenigen Luise, 1,670
To Trieste, per steamer Slavonia, 50
To Fiume, per steamer Slavonia, 200
.
To China, per steamer Montrose, 500
To Liverpool— Oct. 17— Steamer Barbadian,
3.027
Oct. 18—Steamer Politician, 17,039
To London Oct. 17 Steamer Calif ornian, 850. ._
To Belfast— Oct. 19— Steamer Ramore Head, 3,000
__
To Havre— Oct. 16 Steamer Magician, 12,767
Oct. 17—
Steamer Californian, 9,327
To Bremen Oct. 17—Steamer Etonian, 8,003
To Antwerp Oct. 17 Steamer Etonian, 475
To Liverpool— Oct. 12— Steamer Irada, 23,173
.Oct. S Steamer Irishman, 22,692
To Havre Oct. 16 Steamer Madawaska, 13,163 Oct. 18
Steamer Counsellor, 11,671
To Dunkirk Oct. 18 Steamer Almerian, 6,850
Oct.
To Bremen Oct. 14 Steamer Frankfort, 12,168
16—Steamer Hornfels, 5,465
To Hamburg Oct. 13 Steamer Meridian, 2,397
PORT
To Bremen— Oct. 19— Steamer Holmeside,
6,526
MOBILE To Liverpool Oct. 18 Steamer Almeriana
To Bremen— Oct. 13—Steamers Glenmay, 8,053
Lord Ormonde, 4,476
Oct. 14 Steamers AlexanMississippi, 19,753
drian, 13.7S4
13
To Reval— Oct.
Steamers Glenmay, 1,009
Lord Ormonds, 4,734 Oct. 14 Steamers Alexandrian, 520
Mississippi, 1,600
To Riga Oct. 13 Steamer Lord Ormonde, 100
Oct. 14
Steamers Alexandrian, 300
Mississippi, 1,800
To St. Petersburg— Oct. 13—Steamer Lord Ormonde, 100
Oct. 14 Steamer Alexandrian, 100
To Norrkoping Oct 13 Steamer Lord Ormonde, 100
To Gothenburg Oct. 14 Steamer Alexandrian, 100
To Oporto Oct. 14 Steamer Alexandrian, 200
To Barcelona Oct. 17 Steamer Citta di Messina, 5,700
To Genoa Oct. 17 Steamer Citta di Messina, 1,100
.
To Liverpool— Oct. 17— Steamer Haverstoe,
13,700
_
To Bremen Oct. 19 Steamer David Mainland, 5,637
To Hamburg— Oct. 16— Steamer Pisa, 1,200
To Liverpool— Oct. 17— Steamer Bohemian,691
To Manchester Oct. 14 Steamer Caledonian, 620
To Liverpool— Oct. 13— Steamer Quernmore....
5,930
To Bremen Oct. 18 Steamer Brandenburg, 981
To Hamburg Oct. 13 Steamer Artemisia, 100
PHILADELPHIA— To Liverpool—Oct. 13—Steamer Western-
5,075
1,800
200
10
306
500
2,347
1,670
50
200
500
NEW ORLEANS—
—
—
—
—
—
—
GALVESTON—
——
—
—
—
—
—
—
—
—
ARTHUR—
—
SAVANNAH—
—
—
850
3,000
22,094
8,003
475
45,865
24,834
6,850
17,633
2,397
6,526
——
46,066
—
—
— —
—
—
—
—
—
—
—
—
—
WILMINGTON—
—
—
NORFOLK—
BOSTON—
—
—
BALTIMORE—
—
——
—
1
1
-"
.•
I
d.
d.
a
October
a s
Oct .-Not
...
N«>\
Dec
M,.
Jan.. ;. .':>:,
Jan.- Feb... 5 316
.->
.".
i
-
.-,
i
Men. -Apr
31
34
16 34
36
30
6 37
.
i6
May-June.
6
5
6
June-July.
-
23 5 18
27 6 22
32
30
II
115 41
43
436 43
II
Apr. M;i\
July-Aug
i
1
1
5 44
li
>
-
d.
1
1
26 6 26
20 6 28
31 6 80
3-1 5 :::;
36 6 :::
3S 6 37
III 6 30
•11 5 40
LIVERPOOL. — By
cable from Liverpool
Sept. 29.
bales. 49,000
Of which exporters took.. 1,000
Of which speculators took 2,000
Sales American
41,000
Actual export
9,000
Forwarded...:
47,000
Total stock— Estimated
661,000
Of which American— Est. 591 ,000
Total import of the week... 45,000
Of which American
32,000
181,000
153.000
afloat
Of which American
620
600
_
we have
,
the
fol-
at that port:
Oct. 6.
Oct. 13.
Oct. 20.
54,000
2,000
2,000
47,000
7,000
75,000
660,000
595,000
81,000
75,000
187,000
155.000
52,000
2,000
1,000
47,000
5,000
71,000
653,000
573,000
69,000
36,000
200,000
180,000
64,000
2,000
3,000
53,000
4,000
64,000
624,000
547,000
38,000
32,000
290,000
247,000
Fair
business
doing.
Fair
business
doing.
.
Good
demand.
Good
demand.
Quiet.
530
531
5.26
5.27
5.40
5.42
7,000
8,000
Hpec.Aexp.
1,000
500
8.000
500
10.000
1,000
10.000
1.000
10,000
1,000
Quiet at
3<%4 pu.
Irregular
- pts
st'dyunch.
decline.
ii'lvrincc.
advance.
Steady at
Quiet at
3 pts.
advance.
Steady at
pts.
decline.
Market.
Quiet at
Quiet at
P.M
3 pta.
dec'
BUM,
3 pts.
decline.
Steady at Very ste'dy Steady nt PencrLih at
\<a,Z pta. at2pts.de. Il<ai2 pts. IOCi,ll pta.
adsvance.
advance, tolpt. ad.: advance,
Market
opened.
3«4
]
14
:.
26 :. 28
28 6 30
30
6
30
I
83
1
I
i
6 46
33
1
1
6
..
10
6 42 6 52
6
6 54
G
1
i, 6
57
4615 48 5 is 6 60
47 6 60 6 60 .. 60
48
51 6 51 6 61
49
62 6 62 6 62
1
31
36
36 6 38
38
30
30 5 40
:,
.",
1
6
16
Friday, Oct. 20 1905.
Business in the market for wheat flour has been more
active.
The continued firmness of prices for the grain has
had a stimulating effect upon buyers, especially as some
of the contracts
made by them were becoming exhausted.
both spring and winter-wheat flours
were reported and there has been some improvement in
prices.
City mills have had a fair sale at firm prices. The
demand for rye flour has been quiet. Buckwheat flour
has been quiet and easier.
Corn meal has had a moderate
sale at steady prices.
Speculation in wheat for future delivery has been moderately active and the tendency of prices has continued towards
a higher basis. The cable advices from Europe have reported firm markets, and this has had a strengthening influence locally. Weather conditions in the West have been
somewhat unsettled and the receipts of wheat at the Northwestern markets are reaching only moderate figures. During the week cable advices were received from Argentina
reporting damage to the wheat crop of that country by
locusts, and these reports had a bullish effect upon values.
The export business in wheat was reported quiet early in
the week, but it became more active toward the close.
Fairly
good
sales of
for the
Mon.
91%
90%
90%
No. 2 red winter
f.o.b. 91
December delivery in elevator. 90%
90%
DAILY CLOSING PRICES OF WHEAT
May
delivery in elevator
3 pts.
decline.
to
1
pt.
Wed. Thurs. Fri.
92%
91%
90%
93%
92%
91%
92% 92%
91% 92
90% 90%
FUTURES IN CHICAQO.
Fri.
86% 86%
87% 86% 87%
July delivery in elevator
83% 82% 83%
Indian corn futures have received a moderate amount of
speculative attention.
Early in the week prices declined
under fairly liberal offerings and continued favorable w eather
conditions for the crop.
Subsequently, however, the market
December delivery in elevator.
May delivery in elevator
85%
86%
83%
85%
86%
86%
87%
87
r
turned firmer. Rains were reported in the corn belt, being
Exporters
unfavorable for curing and moving the new crop.
were moderate buyers in the cash market, and the fact that
exporters were free buyers of barley, indicating that Europe's
requirements of feedstuff s will be large, attracted some
attention and operated in favor of prices.
To-day the
market was easier under more favorable weather advices.
The spot market was fairly active, exporters being the
buyers; prices were slightly lower.
DAILY CLOSING PRICES OF NO.
2
MIXED CORN IN NEW YORK.
Mon. Tues. Wed. Thurs. Fri.
nom. nom. 60% 60% 61% 61
Sat.
Cash corn
f.o.b.
December delivery
in elevator.
January delivery in elevator
May
delivery in elevator
54
51%
49%
53%
51%
49%
2
54%
54%
50%
50%
MIXED CORN
Mon.
Tues.
54%
54%
50
50%
IN CHICAQO.
Wed. Thurs. Fri.
50% 50%
44% 44%
44% 44%
44% 44%
Oats for future delivery at the Western market have been
moderately active, and there has been a fractional advance
in prices.
The crop movement has continued on a liberal
scale and stocks are large.
Speculative support, however,
continues to be given the market, and this, coupled with an
active interest shown by exporters had a steadying effect
upon values. To-day the market was quiet but steady.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
50
50
44%
43%
43%
44%
44%
44%
Mon.
Tues.
50%
44%
44%
!
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
means 5 21-100d.
Tues.
Mon. Tues. Wed. Thurs.
Sat.
5,930
981
100
Sslea
Pulurts.
84
84
BREADSTUFFS.
Sat.
13,700
5,637
1,200
691
\
Mld.Upl'ds
:>2;,
Aug.-Sepl
The tone of the Liverpool market for spots and futures
DAILY CLOSING PRICES OF NO.
each day of the past week and the daily closing prices of
Sat.
spot cotton have been as follows:
October delivery in elevator... 50%
December delivery in elevator. 44%
May delivery in elevator
43%
Saturday.
Spot.
Monday.
Tuesday.
FridayWed'day.
Thursday.
July delivery in elevator
43%
Quiet.
d.
it.
326
'.i
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
100
100
1,100
Algoa. 600.
of the week's sales, stocks, &c.
week
J
it.
22
6 22
21 6 2
i
4
200
200
266,327
owing statement
1230
21 :,
6 2 6
5 28 6
6 31 6
5 33 5
6 36 6
6 88 5
6 K) 6
6 n 6
6 12 6
1816
(/.
12M
p.m. p.m.
5,700
1,100
2,200
988
Total
P. M.
d.
19
5
•_'
12%
4
p. in. p. in
I
agitation to relieve the congestion and car-shortage
movement of grain at Buffalo is meeting with some
success and shipments out of Buffalo are now being made
more freely. To-day the market declined early. Subsequently, however, on stronger advices from the West there
was an advance and the close was firmer. The spot market
was firm but quiet.
— Oct. 13 —Steamer Manchester Corporation,
1,100
Market.
Frl.
Oct. 20.
12',.
I
I
i
Thurs.
Oct. 19.
p.m. p.m. p.m
d.
23 6 18
26
30
.
Feb.- Mel,
i
12H
p. in.
d.
</.
a
a
Weil.
Oct. 18.
ui'N,
The
7,863
.
SAN FRANCISCO— To Japan— Oct. 17— Steamer
Amount
20,066
—
——
Sales of the
j
I
Oct. 17.
Total bales.
NEW YORK— To
land, 988
Mon.
Oct. 16.
p.m. p.m. p.m. p.m
JUTE BUTTS, BAGGING, AG.—The
To Manchester
12(>9
Sat.
Oct. 14.
14%.
diate increase slightly in excess of
1
-pence
and
\W)th
.
Tims:
T)
21
Sat.
Wed. Thur,. Fri.
33% 33% 33V4 33%
34% 34% 34% 34%
35
35
clipped
DAILY CLOSING PRICKS OF NO. 2 MIXED CATS IN CHICAOO.
f.o.b.
f.o.b.
33%
33%
Sat.
Mon. Tvet.
Wed. Thurs. Fri
in elevator...
delivery in elevator.
28%
28%
28%
28%
29
No.2mixed
No .2 white,
October delivery
December
May
delivery tn elevator
July delivery In elevator
31
29«
29«
28%
28%
1%
30%
29
28%
2S%
28%
28%
31%
31
3
30%
30
THE CHRONICLE.
1270
Prices for barley have; been advanced fractionally, and
large export sales of feeding grades have been made, part at
43%c, all rail c.i.f. New York track. At the close addilional sales of fair quantity of feeding barley were made for
export at 443^c. all c.i.f. New York track for November
shipment.
FLOUR.
June
Superfine
Extra, No. 2
Extra, No. 1
$2
(SO
C«jS3
3 05
@
3 15
3 20
("
:',
3 30
3 50
Clears
Straights
Patent, spring
00
4 00
4 45
I
Patent, winter.. .$4 50
5 00
City mills, patent
Rye
26
i
no
140
r
@
5 55
flour, B'flne.
flour
Buckwheat
10
(<i
(«<84
!
.
3 85
@
.
2 00
&j 2 10
Corn meal
Western, etc... 3 05
4 50
3 10
3 10
(fv,
@
Brandywine
|
75
5 30
((»,
.
GRAIN.
Wheat, per hush
N.
f.o.h.
f.o.b.
J>ul.,
Hard
—
"
95
93
@
@
bush
IVfixed,
c.
c.
Western mixed.. 57 @ 61
f.o.b.® 61
No. 2 mixed
f.o.b.® 62
f.o.l).
No. 2 yellow
92^
f.o.b.® 62
f.o.b.
92%
No. 2 white
34
Rye. per bush
33
70
75
Western
34
36^
Nominal.
Nominal.
State and Jersey.
Barley— Western.. 49
Nominal.
61
40
45
Feeding
No. 1..
N. Dul., No. 2..
Red winter, No.
Oats
Corn, per bush
c.
White
No. 2 mixed
No. 2 white
@
@
®
1
—
Vol. lxxxj.
be made if Chinese buyers are content to accept far-distant
delivery.
The actual export business transacted during
the week has been small.
Serious complaints of slow delivery of bleached goods are being heard and sellers are
obliged to apportion what goods they have among their
customers in practically retail quantities.
Business in
Coarse-colored cottons has not been heavy, but a good deal
has been prevented by the inability to secure satisfactory
deliveries.
Fair Bales of duck have been reported for export.
Napped goods are in fair request and are firmly
held.
Linings are quiet, but kid-finished cambrics have
been advanced owing to the scarcity of supplies. Discounts
on staple prints have been shortened, rendering the situation
firmer, but it is not probable that an actual advance will
be announced. Staple and fine grades of ginghams are
steady and in good, demand.
Print cloths are held very
steady in view of the advance in wages, but both buyers
and sellers are waiting to see what effect this will have.
WOOLEN GOODS.— There
has
not
any
been
great
activity in the men's-wear end of the market during the
week and the only buyers in town have been those who
are anxious about the delivery of their, orders.
Certain
duplicate orders for light-weights have been received, but
where these are for worsted goods, difficulty is being ex-
Exports of Grain and Flour from Pacific Ports. The exports of grain and flour from Pacific ports for the week ending
Oct. 19, as received by telegraph, have been as follows: perienced in filling them.
The sold-up condition of worsteds
From San Francisco to Antwerp, 127,000 bushels barley; to is responsible for the greater interest that is being shown
-
China, 9,250 barrels flour; to various Pacific ports, 5,511
barrels flour, 750 bushels wheat, 1,700 bushels corn and
From Seattle to South America,
3,500 bushels barley.
4,786 barrels flour.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1 comparison being made
with the corresponding period of the previous year.
Barley, Rye,
Oats,
Exports
Flour,
Wheat,
Corn,
,
]rom
—
bush.
bush.
36,250
91,068
126,166
23,675
13,143
Portland
188,073
271,780
155,000
Total
Total 1904
614,853
876,936
253,484
546,358
36,818
11,354
bbls.
San Francisco
Puget Sound
bush.
1,247
bush.
bush.
...
1,389,588
81,267
420
276
...
82,514
8.523
1,390,008
884.773
266
768
watching the overcoating situation with a good deal of
but so far there have been no decided developments. Dress goods have been active during the week
and while many lines have been sold up and withdrawn,
interest,
many
others are nearing the same condition.
In several
cases the advances that have been made in dress goods
have not been commensurate wtih those in the men's wear
department, and higher prices are looked for almost immediately. This expectation is so general that it accounts
for a good deal of the heavy buying that has taken place.
The present is pre-eminently a plain goods season a fact
—
that is evidenced by the popularity of broadcloths and
other one-color fabrics.
A feature of the season so far
has been the demand for lighter-weight fabrics than usual.
THE DRY GOODS TRADE.
New
York, Friday Oct. 20 1905.
market has been decidedly
quieter during the past week and buying has been on a
There is a
less extensive scale than for some time past.
considerable diversity of opinion among buyers, however,
and while some have shown their willingness to continue
operating ahead others have entirely ceased future buying
and are confining their purchases to spot goods. This is
partly attributed to the tightness of the money market
at the present time and also to the unseasonable weather,
but it is more directly due to a feeling on the part of buyers
that the cotton market is going lower and that by waiting
they will be able to purchase more cheaply later on. In
spite of this and of the quiter conditions that have prevailed,
sellers have not retreated one step from their independent
position and insist that on the basis of supply and demand
alone the piece-goods market canno go any lower. They
dwell particularly on the sold-ahead condition of the mills
and on the fact that it was never so difficult to obtain
near-by deliveries of goods as it is at the present time. The
export situation has changed but slightly during the week,
for while inquiries for considerable quantities have been
received, ew sales have been accomplished, owing to the
The tone
some lines of which have been freely sold of late.
The reports being received from clothiers' representatives
on the road are very satisfactory. Buyers and sellers are
in woolens,
of the cotton goods
FOREIGN DRY GOODS.— Imported woolen
and worsted
dress goods have sold well, particularly broadcloths and
mohairs. The fall silk season has been far from satisfacfory, but the spring season is expected to be good.
Ribbons
Linens are in a very satisfactory condition and
are dull.
further advances are expected.
Burlaps are very firm and
demand.
in fair
,
difficulty of price
and delivery.
Commenicng on Monday,
October 23, the Cotton Manufacturers' Association has arranged to advance the wages of operatives at Fall River
5%, with the addition of dividends on the basis of a profitsharing system.
Woolen and worsted goods have been
fairly active during the week and the market is very firm.
DOMESTIC COTTON GOODS.—The
exports of cotton
goods from this port for the week ending Oct. 16 were 10,707
packages, valued at $544,728, their destination being to the
points specified in the tables below:
1905-
1904
SvflCB
New York
to Oct.
Great Britain
Other European
China
India
Arabia
Africa.
West Indies
Mexico
Central America
SouthAmerica
Other Countries
Total
20.
Week.
6
40
4,278
594
2,528
360
1,106
58
447
687
603
year are as follows:
*
Week.
32
99,887
12,542
22,315
9,131
25,779
2,347
14,025
46,960
13,877
8
6
of these New York exports since Jan. 1 has been
$13,416,746 in 1905, against $11,470,489 in 1904.
While home buyers are willing to pay the asking prices
for heavy brown drills and sheetings when satisfactory
deliveries can be guaranteed, the actual business consummated is small, owing to the inability of agents to do this.
Lines are so well sold up that business in any reasonable
On lighter weight sheetings the same
position is difficult.
trouble exists and goods for near-by shipment are not to be
The value
had. The export inquiries during the week have included
light-weight sheetings and it is possible that sales may
0OMNNSB
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Jan. I.
961
800
10.707 248,624
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending Oct. 19 1905, and since
January 1 1905, and for the corresponding periods of last
'
Eh
£
•
o
'.2
!**
1
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Ph
"3
E
II
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\£
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—
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—
— ——
Oct. 21 1905.
}
(
:iz
— —————
—
m$
D*fAVM£NT.
City
—— —
CHRONICLE
TIIK
i
—
—
l'.>71
Allentown School District No. 3, Town of Alma, Allegany
No sale lias yel been made
County, N. T. Bond Not Sold.
bonds which this di tint offered Eor
of the $10,000 1','
interest annual.
Denomination $1,000.
sale on Sept. 25.
Maturity §1 ,001) yearly on Deo. from L906 to LQlfi inclusive.
l
News
Items.
Population of the cities of New York
State.
Secretary of State Bends us the following
announcement regarding the population of the various
cities in the State of New York:
New York
State.
— The
Tin- 4-1 cities for which announcements of population have
made, representing all the cities ol the State except Greater New York,
have a combined population, according to the recent State enumeration, of 1,686,287, as compared with a total population for substantiThere
ally tiu- same areas In 19O0 of 1,506,931 and In 1890 of 1,220,512.
has been an increase, therefore, in the 44 cities, taken as a whole, during
the past five years of 179,356, or not quite l- (11.9) pei cent, as against
an Increase during the preceding ten years of 286,419 or l'.s.i per cent.
population of each of the 44 cities in 1905, 1900 and 1890, is sawn
in tin- following table, the cities being arranged in tin- order Ol their
population in 1905:
Inr 1905
mrr 1900
.
ester
.
Syracuse
-.
Albany
Troy 1
Itiea
Yonkers
Schenectady
Binghamton
Elmira
Auburn
Niagara Falls
Newburgb
Jamestown
1890.
1900.
1905.
City
Buffalo
376,618
:;.-^,;ss:
M81.672
102, 60S
255,664
133,890
88,143
94,923
60,950
44,007
32,033
19,902
35,005
30,893
25,858
010,408
23.0S7
16,038
21,261
14,725
22,206
10,830
22,509
17,336
21,842
9,057
13,864
16,038
14,991
9,410
11,079
12,967
11,977
8,550
10,996
11,662
7,557
8,590
8,783
7,301
9,970
4,793
d7,010
7,358
7,768
6,035
6,083
7,145
108,374
94,151
60,051
50,383
47,931
31,682
39,647
35,672
30,345
19,457
24,943
2 2,892
24,535
21,696
24,029
21,228
23,910
20.929
22,199
14,720
18,349
16,581
15,343
11,616
13,136
14,321
14,522
11,061
11,918
12,633
10,433
9,014
10,381
7,466
9,528
9,069
117,498
9S.370
*76,861
02,935
61,716
fc58,369
42,040
34 ,092
31,423
20, 559
26,500
26,100
25,557
25,447
25,379
25,006
24.1S3
£23,943
22,572
20,480
IS, 072
17,552
10,567
15,251
14,615
14,600
14,516
13,515
13,259
£13,179
12,250
11,272
11,122
£10,715
10,290
10,157
z9,898
9,860
9,845
x8,848
x8,420
z7,904
I'(rC,nt.
6.8
11.7
8.4
4 4
26.7
11.0
2S.7
8 1.2
6.0
/<2.7
3.5
36.5
Ashland, Ohio. Bond Sale.- On Oct. 16 the three issues
Of ,")',' bonds described in V. SI, p. L000, were awarded as
follows:
si
''00
5'**'
1
College Boulevard improvement bonds maturing 1100 every Bix months
Awarded to Central
1012 Inclusive.
from sept 1 1906 to March
a S:itc Deposit Co. of Cincinnati for $1,230.
1
.
10 500
'>'
'
I
Sandusky Bt. improvement bonds maturlng*750 every
Awarded
1918 Inclusive.
g e pt i 1908 to March
unnk. Ashland, tor 110,842.
seventh street improvement bonds maturing one bond yearly <>n Sept
from 1906 to 1913 inclusive. Awarded to Central Trusl A Sate Deposit
Co. of Cincinnati tor$878 is.
I
v,n v
sla months from
to Flrpt National
l
—
Aurora, St. Louis County, Minn. Bonds Not Vet Sold.
No sale lias yet been made of the $8,500 6% 1-17-year
(serial) improvement bonds offered without success on July
See Y. 81, p. 44, for description of bonds.
17.
Belmont, Mass.—Bond Sole— On Oct. 13 $30,000 4%
1-10-year (serial) coupon street bonds were awarded to
Geo. A. Femald & Co. of Boston at 102.173 and $10,000
25-year coupon sewer bonds were disposed of to
& Co. of Boston at 100.28. Following are the bids:
Bros.
Blake
3H%
i.OOO
4%
Geo. A. Fernald & Co.. Boston
Blake Bros. & Co.. Boston
.lose, Parker & Co., Boston
Jackson & Curtis. Boston
R. L. Day & Co., Boston
\. W. Harris & Co., Boston
Hlodset, Merrltt & Co., Boston
Farson. tLeach & Co.. Boston
II. I. Hahn & Co...
Bonds.
$10,000
Bonds
3}i
%
J924Z 3
100.28"
JSHte
!
100.
r'"'.'
100.051
100.059
JPd-Xoi
1°}-92Z
1P.H? 2
-
}2}-§4„
J2H3
101.13
6.2
14.3
Date
Interest
1905.
Oct.
Denomination $1,000.
Boston.
in
semi-annually
Kingston
17.3
_
Watertown
Bowman (S. C.) School District No. 65. Bond Election.
5.6
Poughkeepsie
election will be held Oct. 26 to vote on the question
An
17.8
Mt. Vernon
1.1
Cohoes..
of issuing the $5,000 5% coupon school-building bonds
14.4
Amsterdam
mentioned in V. 81, p. 224. This is the second time this
1.7
Osweeo
proposition has been submitted to a vote, the first election
39.1
New Rochelle
1.7
Gloversville
election having been deemed illegal by lawyers.
5.8
Lockport
Bucyrus, Ohio. Bond Offering. Proposals will be re7.9
Rome
31.3
Dunkirk
ceived until 12 m. Nov. 9 by W. H. lams, City Auditor,
11.3
Ithaca
--.
Denomination $500.
for $3,000 5% fire-department bonds.
1.9
Watervliet
Maturity $1,000
semi-annual.
Interest
1
1905.
Sept.
Date
/i0.04
Middletown
22.2
Corning
yearly on Sept. 1 from 1906 to 1908 inclusive. Certified
11.3
HornellsviUe
check for $100, payable to the City Treasurer, required.
4.3
Ogdensburg
Purchaser to pay accrued interest.
17.4
Geneva
25.0
Cortland
Description of Bonds.
The $16,500
Burlington, Kan.
7.1
Little Falls
43.5
Rensselear
4 J/2% water-works bonds recently sold to the State School
8.0
Hudson
Fund at par (see V. 81, p. 1201) are in denomination of
12.0
No. Tonawanda
dated Oct. 1 1905. Interest semi-annual. Ma$1,000
17.3
</8,434
Plattsburg
1 1925, subject to call after Oct 1 1908.
turity
Oct.
4.2
Olean
9,462
k2.8
Johnstown
10,130
Further details are at
Butte, Mont. Bond Offering.
7.8
Fulton
8,200
hand relative to the offering on Nov. 15 of $400,000
11.7
Oneida
7,538
6.5
Tonawanda
7,421
funding and refunding bonds of this city. As already stated,
these bonds will be offered at public auction at 2 p. m.
1,220,512
Totals
1,506,931
1,686,287
on that day at the City Council Chamber. Authority
-timated.
\d Population of Plattsburgh Village.
h Decrease.
Denomination $1,000. Date
election held Sept. 12 1905.
x Incorporated since 1900.
k Territory increased since 1900.
Dec. 1 1905. Interest semi-annually at the office of the
Maturity Dec. 1
City Treasurer or in New York City.
Certified check
1925, subject to call after Dec. 1 1915.
Calls
Redemptions.
for 2% of the par value of bonds bid for, or else cash to
Bernalillo County, N. Mex.
Bond CalL- —The County that amount, required with bids. J. M. Kennedy is City
Coinmissioners call for payment Nov. 15 at the Chemical Clerk.
Cambria School District, San Luis Obispo County, Cal.
National Bank in New York City or at N. W. Harris & Co.,
Bond
Sale.
On Sept. 18 an issue of $5,000 5% building bonds
Chicago, the following funding bonds:
of this district was awarded to the San Luis Savings Bank
Series "A," bonds Nos. 1 to 102 inclusive.
Denomination S500.
Denomination $500.
of San Luis Obispo for $5,247 50.
Scries "B," bonda Nos. 1 to 139 Inclusive.
Denomination S100.
& urities are dated July 1 1895; and are subject to call Date Sept. 18 1905. Interest annual. Maturity $500
yearly on Sept. 18 from 1906 to 1915 inclusive.
after 10 years.
Canyon County (P. O. Caldwell), Idaho. BondOffering.
The official notice of this bond call will be \found among
Proposals will be received until 10 a. m. Oct. 23 by John
the advertisements elsewhere in this Department.
A. Tucker, Clerk Board of County Commissioners, for
New Orleans, La. Premium Bonds Drawn.- The follow- $62,605 20 coupon court-house bonds at not exceeding
ing premium bonds of the City of New Orleans wen- drawn 6% interest.
Authority election held Sept. 23 1905.
by lot on Oct. 16 1905 (for payment Jan. 15 1906), this being Denomination $1,000, except one bond for $500 and one
the one hundredth and twentieth allotment:
for $105 20.
Interest Jan. 1 and July 1 at the County
Scries Nos. 528. 538. 948. 965, 966, 1198, 1369, 1955. 2031, 2151, 2169, 2407.
Treasurer's office or at the Chase National Bank, New
264'.
B93, 407.-,. 4H,;. 4283, 4474, 4504. 464*. 4749, 4906. 5082,
York City. Maturity 10% of issue at the expiration of 10
vi2, 6028, 6068. 0089. 6091. 6549. 6711. 6926. 7301, 7312,
7'.',.-. 7780, 7792. 8020. 8129, 8351. 8363. 8575. 9475.
years and 10% yearly thereafter, all bonds, however,
Series Xos. 6734 to 10,000 were never issued.
being subject to call after 10 years. Certified check for
2% of bonds bid for, payable to John A. Tucker, required.
Purchaser to pay accrued interest. Bonded debt, including
this
issue, $74,455 20.
Assessed valuation $4,635,642.
Proposals and Negotiations this week The
official advertisement states that the county has never
have been as follows
defaulted in payment of any principal or interest, oor is
••ting these
there
any controversy pending or threaten
Adams County (P. O. Decatur;, Ind. Bond Offering.
Bidders are requested to satisfy themselves as to
Proposals will be received until 10 a. m. Now 6 by J. H. bonds.
dewede, County Treasurer, for
1
,480
coupon the legality of bonds before day of sale.
Bond
2
4.1
—
—
—
—
4^%
and
—
—
—
I,
Bond
:
S
1
4>2%
(French Township) macadam-road-construction bonds. Denomination S574.
Date Sept. 15 1905. Intel
emiannually at the First National Hank of Decatur.
Maturity
$574 each six months from May 15 1906 to Nov. Ifi 1915
inclusive.
Certified check for 3 ,v of bid required.
Adrian, Ga. Bond Offering.
Proposals will be r< a
until 1 p. m. Nov. 6 by W. J. Curry, Mayor, for $8,000
5% school bonds. Denomination S100. Date Jitlv 1904.
Interest semi-annual.
Maturity July 1 L934. Certified
check for 2% required
I
;
—
1
will be held
Cartersville, Ga
Bond Election. An
Oct. 21 to vote on the question of issuing $20,000 electricplanl and $30,000 sewer bonds.
Cascade County (P. O. Great Falls), Mont.
— Proposals
Bond
be received until -' p. ">• Nov. 29
by Fred L. Hill, Clerk of the Board of County Comm
10-20-year (optional) c
sioners, for $10,000 4%
ing.
bonds.
3,
8ecui
Chapter
itii
will
•
2, Title 2,
i
ity
ued
Pari
I,
Politii
i
of
Article
Montana.
THE CHRONICLE.
1272
denomination of $1,000. Interest will be
payable Jan. 1 and July 1 at the office of the County Treasurer.
A New York draft or a check certified by a Great
Falls bank, payable to the County Treasurer of Cascade
County, for $500, must accompany proposals.
The official notice of this bond offering wtll be found among
They
are
in
the advertisements elsewhere in this
Department.
Ohio.— Bond Sale.— On
—
Board
4%
Health bonds.
of
—
—
On Oct.
Cincinnati (Ohio) School District. Bond Sale.
16 the $150,000 3J^% 40-year coupon building bonds,
described in V. 81, p. 1060, were awarded to Irwin, Ballman & Co. of Cincinnati, at 101.38 and interest. Following
are the bids:
Irwin, Ballman
&Co..
Rudolph, Kleybolte &
.V S. Dep.
Central Tr.
Well, Roth
&
Cincin. ..$152, 07 1| Cincinnati Trust Co.. Cincinnati. $150,750
Co., Cln. 151,0841 Atlas National Bank. Cincinnatil 150,200
150,100
Co., Cin_.151,.r>90|Seasongood & Mayer, Cincin
Co., Cincinnati...
151,651
—
—
Cleveland, Ohio. Bond Election. At the general election
Nov. 7 the question of issuing 2,000,000 bridge bonds will
be submitted to a vote of the people.
Cleveland Heights, Ohio. Bond Offering. Proposals will
be received until 12 m. Oct. 24 by W. G. Phare, Village
Clerk, at the Fairmont Post Office in said village or at
his office, No. 402 American Trust Building, Cleveland,
for the following bonds:
—
—
4}<% coupon
sewer-construction bonds. Denomination $1,000, except
for $124.
Maturity $15,124 on Oct. 1 1907, $15,000 in
years
the
1908, 1909, 1911, 1912, 1913, 1914, 1915. and $16,000 on
Oct. 1 in 1910, and also in 1916.
9 431 4)-i% coupon sewer-construction (village's portion) bonds. DenominaMaturity $431 on Oct. 1
tion $1,000, except one bond tor $431.
1907 and $1,000 yearly on Oct. 1 trom 1908 to 1016 inclusive.
$152,124
one bond
of sale.
Interest semi-annually on April 1 and
Certified
at the office of the Village Treasurer.
check for 10% of amount of bonds bid for, payable to the
Purchaser to pay accrued
Village Treasurer, required.
Date day
Oct.
1
interest.
Cloverdale, Cal.
—Bond
— It
stated that on Sept.
1-40-year (serial) bonds was
Sale.
26 an issue of $30,000 5%
awarded to John E. Chelfaut.
is
—
On
Colonie (N. Y.) School District No. 2.—Bond Sale.
Oct. 12 an issue of $5,000 5% school bonds was awarded to
Geo. M. Hahn of New York City at 103.13.
Colquitt, Ga.
to issue $6,000
—Bonds
Voted.
—This city on
Oct. 10 voted
6% water-works bonds. Date of sale not
yet determined.
Columbus, Ohio. Bonds Authorized. The following bond
issues have been authorized:
—
4%
$1,000
—
Richardson Ave. sewer bonds,
6,000
4H%
3,000
4%
Sept.
maturing
Sept.
Fourth Street Improvement bonds, maturing March
March
1907.
1
optional
1906.
1
1
1916, optional
1907.
1
Franklin Park improvement bonds, maturing Nov.
—
1
1915.
—
Constableville, Lewis County, N. Y. Bond Sale.
On
Oct. 12 the $17,000
5-29-year (serial) registered water
bonds described in V. 81, p. 1132, were awarded to the
Jefferson County Savings Bank at 102 and interest.
4%
—
Cal. — Bond
—
Cornelia, Ga.
Bond Election. On Nov. 4 this city will
school bonds.
vote on the question of issuing $6,000
5%
—
Coronado,
Election Proposed.
The question
of calling an election to vote sea-wall bonds is being considered
—
—
—
—
—
—
date.
Denlson. Prior
&
Co., Cleve.. 91 554 30
certified
—
For 5 Per Cents. (Cont.)
Trowbridge & Niver Co., Cblc.$91 ,080
John Nuveen & Co.. Chicago. 90.889
G90.676
Chas. H. Coffin. Chicago
Duke M. Farson & Co.. Chic..a89,908
89,450
Kane & Co., Minneapolis
Albert C. Case, New York ... 89,340
F. L. Fuller <fe Co., Cleveland. 89,100
a89,044
S. A.Kean, Chicago
For 6 J'tr Cents.
A.J. Hood <fc Co.. Detroit
check as required.
00
00
00
00
00
00
00
00
o89,840 00
—
Delaware, Ohio. Bond Offering. Proposals will be
received until 12 m. NoV. 6 by F. D. King, City Auditor,
for $10,000
coupon Sandusky Street paving bonds.
Denomination $1,000. Date Sept. 1 1905. Interest semiannually at the depository of the Sinking Fund in Delaware.
Maturity $1,000 yearly on Sept. 1 from 1906 to 1915 inclus-
5%
Purchaser to pay accrued interest.
Dodge City (Kan.j, School District. Bond Sale. An
issue of $6,000 43^% building bonds has been sold to the
Denomination $500. Date July 1
State School Fund.
1905.
Maturity July 1 1925.
Douglas County (Kan.) School District No. 68. Bond
Sale.
This district has sold an issue of $1,000 5% bonds
Denomination $500. Date
to the State School Fund.
Aug. 15 1905. Interest January and July. Maturity
July 1 1911, subject to call on any interest-paying date.
Ephrata, Pa. Bond Offering. Proposals will be received
until 7:30 p. m. Dec. 15 by T. C. Reddig, Borough Clerk,
for the $45,000 4% coupon water-plant-purchase bonds
Denomination $500. Date
described in last week's issue.
Jan. 1 1906.
Interest semi-annually at the office of the
Borough Treasurer. Maturity Jan. 1 1936, subject to call
Certified check for 2%, payable to the
after Jan. 1 1916.
sive.
—
—
—
—
—
—
Borough Treasurer, required.
Bonded debt, including
Securities are free
from State
Assessed
valuation $962,000.
Fremont, Ohio. Bond Sale. The following bids were
received Oct. 9 for the $30,000 43/£% fire-department
bonds voted at the election held June 5:
Weil. Roth & Co.. Cincinnati. $31 ,655 00 W.J. Hayes & Sons. ClevelandS3 1.037 00
Seasongood & Mayer, Cincinn. 31,413 75 Union Sav. Bk. & Tr. Co., Cln. 30,982 50
tax.
this issue, $67,000.
—
—
Lamprecht Bros. & Co., Cleve. 31,387 00 Denison, Prior & Co., Cle.&Bos.30,957 00
N. W. Harris & Co., Chicago.. 31,301 00 F. L. Fuller & Co., Cleveland. 30,956 00
Provident Sav. Bk.&Tr .Co. ,Cin 31,235 00|Sec. Sav. Bk. & Tr. Co., Toledo 30,800 00
Hoehler & Cummings, Toledo. 31,056 001 Fremont Sav. Bank, Fremont. 30,650 00
P. S. Briggs & CoTCincinnati. 31.055 55!
—
—
Gainesville, Fla.
Bonds Voted. On Oct. 10 by a vote of
228 to 28 this city authorized the issuance of $115,000
5% sewer, "electric-light, hospital and street bonds. Date
of sale not yet determined.
Greenville, Ohio.- Bond Offering.
Proposals will be
received until 12 m. Oct. 28 by J. C. Katzenberger, City
Auditor, for $2,354.67 6% Pine Street improvement bonds.
Denomination $784 89. Date Oct. 28 1905. Interest
semi-annual.
Maturity $784 89 yearly from 1906 to 1908
inclusive. Certified check for 10% of bonds bid for, payable
to the City Treasurer, required. Accrued interest to be paid
by purchaser.
Greenwood, Wis. Description of Bonds. We are advised
that the $15,000 electric-light-plant bonds recently sold at
par to the State of Wisconsin carry 3J^% interest, payable
annually on Feb. 1. Date of bonds Sept. 12 1905.
Matu-
—
—
—
—
rity 1925.
Hackensack, N. J.—Bonds Refused.—The $135,000 4%
bonds (two issues) awarded on July 17 to H. L. Crawford &
Co. of New York City have been refused by that firm, who
hold that the Act under which the bonds were issued is unconstitutional
.
Haverhill, Mass.
—
Council Grove, Kan. Bond Sale. A $1,000 4J^% 20-year
refunding bond dated Dec. 31 1904 has been purchased by
the State Board of Education.
Covington, Ky. Bond Election. The question of issuing
$40,000 sewer bonds will be submitted to a vote of the
people at the general election next November.
Covington (Ky.) School District. Bond Election. At
the election to be held next November the question of issuing
$60,000 building and $15,000 refunding bonds will be submitted to a vote of the people.
Crawford County (Kan.) School District No. 112. Bond
Sale.
This district has sold to the State at par an issue of
$4,800 5% coupon school-house bonds. Denomination
Date Oct. 12 1905. Interest January and July.
$500.
Maturity July 1 1920, subject to call at any interest, paying
—
For 414 Per Cents.
Browne-Klllnwood & Co.. Chit $90 037 00
N. W. Harris A Co., Chicago. 89, 962 00
N. W. Halsey & Co., Chicago. 89, 578 00
Trowbridge & Nlver Co., Chic. 89, 000 00
Union Bank & Trust Co.,
Helena
89, 000 00
For Five Per Cmls.
Farson, Leach & Co.. Chicago. '.)1 077 50
\V. .J. Hayes & Bong, Clove... 91 ,67100
a Failed to enclose
Oct. 16 the $250,000
3/4% 20-year coupon street-improvement bonds described
in V. 81, p. 1000, were awarded to the Western German
Bank of Cincinnati, at 101.206.
Bonds Authorized. The City Council On Oct. 9 passed
1-year
an ordinance providing for the issuance of $6,000
Cincinnati,
Vol. lxxii
— Temporary
Loan.
—A
temporary loan
of $33,000 maturing in nine months was recently awarded
to Jose, Parker & Co. of Boston at 3.96% discount.
—
Henderson, Minn.—Bond Sale. On Oct. 1 $3,000 5%
funding bonds were awarded to Henrich & Blume for
Date Oct. 1 1905. In$3,012 50. Denomination $500.
Maturity $500 yearly on July 1
terest annually on July 1.
from 1907 to 1912 inclusive.
Herington (Kan.) School District. Bond Sale. The
$8,000 school bonds described in V. 81, p. 279, have been
sold to the Browne-Ellinwood Co. of Chicago for $8,127
for five per cents.
Hollidaysburg, Pa.— Bonds Not Sold.—The $18,000 S}4%
—
—
10-20-year (optional) street and sewer-improvement bonds
on Oct. 2 were not sold. Denominations $500 and
Interest semi-annual.
$1,000.
offered
—
—
Hoosick Falls, N. Y. Bond Sale. On Oct. 5 an issue of
Dawson, Ga. Bond Offering. Proposals will be received $25,000 1-25-year (serial) building bonds was awarded to
until 1 p. m. Nov. 7 by J. R. Mercer, Mayor, for $45,000 N. W. Harris of New York City as 3.80 per cents.
5% 1-30-year (serial) water-works bonds. Denomination
Iron River, Mich. Bond Election. An election will be
Date Dec. 1 1905. Interest annually in New York held Oct. 25 to vote on the question of issuing $10,000
$500.
Bonded debt at present $18,000. Assessed valua- water-works-improvement and $20,000 electric-light bonds.
City.
tion 1905, $1,650,871; real value estimated $3,000,000.
Bond Offering.
Isanti County (P. O. Cambridge), Minn.
Bonds are exempt from city taxation.
Proposals will be received until 11 a. m. Nov. 15 by the Board
Deal, N. J. Bonds Voted.
By a vote of 38 to 11 this of County Commissioners for $11,066 80 5% ditch-construcborough on Oct. 13 authorized the issuance of $75,000 tion bonds. Authority Chapter 258, General Laws of
4% sewer bonds.
Denomination one bond for $1,066 80, four bonds
1901.
Date
Dawson County (P. O. Glendive), Mont. Bond Sale.
for $1,000 each and three bonds for $2,000 each.
—
—
—
—
—
—
—
—
On
—
14 the $89,000 10-20-year (optional) coupon refunding bonds described in V. 81, p. 930, were awarded to
Browne-Ellinwood & Co. of Chicago at 101.165 for 4^
per cents.
Following are the bids:
Oct.
—
Interest semi-annually at St. Paul or MinneMaturity $1.066 80 on Dec. 1 1907; $1,000 yearly
on Dec. 1 from 1908 to 1911 inclusive and $2,000 yearly
on Dec. 1 from 1912 to 1914 inclusive. Certified check
Dec.
1
apolis.
1905.
——— ——
—
— — —— —
—
——— —
THE CHRONICLE
Oct. 21 1905.
for
— —— —
—
The
$500 payable to the County Treasurer, required
advertisements state that the county has never
defaulted in the payment of any principal or interest and
that there is no controversy threatened or pending affcetPurchaser to pay accrued Interest; also
ing these bonds.
Bonded debt including this issue
to furnish blank bonds.
$27,406 04; assessed valuation $2,015,735. T. C. Blomgren
s County Auditor.
Bonds not Awarded. We arc advised
Jefferson, Ohio
that owing to a change in plans the $3,000 5% Chestnut
Street improvement bonds, the sale of which was adverThe
tised to take place on Oct. 16, were not awarded.
village will not sell these bonds this season.
Jefferson City, Mo.
Bond Offering. Proposals will be
received until 4 p. m. Oct. 25 by F. P. Dallmeyer, City
Clerk, for $25,001) 4% 10-20-year coupon street-improvement bonds. Denomination $500. Date Nov. 1 1905.
Interest semi-annually at the office of the City Treasurer.
Certified check for $250 required.
Kalamazoo, Mich.— Bond Sale.— On Oct. 16 the $45,500
4% 1-7-year (serial) street-improvement and paving bonds
(2 issues) described in V. 81, p. 1203, were awarded to FarDenomson, Leach A Co. of Chicago at par and interest.
Date Nov. 15 1905. Interest
inations $500 and $1,000.
semi-annual.
—
—
—
1273
—
Marion. Ohio. Bond Offering. Proposals will be received
m. Oct. 25 by S. T. Quigfey, City Auditor, for
4% coupon refunding bonds. Denomination $500,
one bond for $120. Date June
pi
L905. Interest
.
official
—
until 4 p.
,120
•
1
and Sept. 1 at the office of the City Treasurer.
Maturity 11,120 on March 1 1906: 11,000 each six months
March
1
from Sept. 1 1906 to Sept. 1 1912 inclusive; 11,600 each six
L915 inclusive.
months from .March 1 L9 13 to Sept.
Certified check for $1,000, payable to he City Auditor, required.
Purchaser to pay accrued interest.
Maury County (P. O. Columbia), Tenn. Bond Offering.
Proposals will be received until 1:30 p.m. Dec. 5 by W. O.
Gordon, County Judge, for $150,000 4% coupon funding
bonds. Denomination $500 and $1,000. Interest semiMaturity $50,000 in 10, 15 and 20 years respecannual.
Bonded debt including this issue $200,000. Astively.
I
t
—
sessed valuation $9,952,050.
—
Mercer County (P. O. Trenton), N. J. Bond Sale. On
Oct 19 the $54,900 4% 20-year bridge bonds dated Sept 1
1905 and the $10,000 4% 20-year renewal bonds dated
Dec. 1 1904, a description of which was given in V. 81, p.
1134, were awarded to Dick & Robinson of New York City
at 104.38 and 104.29, respectively.
—
Kerners ville N. C. Bonds in Litigation. Certain taxpavers have brought suit to prevent the issuance of the
$4^000 5% 20-year school bonds described in V. 81, p. 226.
The Superior Court recently rendered a decision in favor of
the bonds and the case now goes to the Supreme Court,
where it will be heard in December.
Kittaning
(Pa.
School District. Bond Sale. This
district recently disposed of an issue of $15,000 4% bonds
to local investors.
These bonds are redeemable after one
Miamisburg (Ohio) School District. Bond Offering.
Proposals will be received until 12 m. Nov. 11 by J. M.
Purnell, Clerk Board of Education, for $50,000 4% coupon
Authority Sections 3,991, 3992 and
school-house bonds.
3993 of the Revised Statutes of Ohio. Denomination
Date Nov. 11 1905. Interest semi-annually at
$500.
Maturity $2,500
First National Bank of Miamisburg.
Certified
yearly on Nov. 11 from 1912 to 1931 inclusive.
check on a national bank for 2% of bonds bid for, payable
Purchaser to pay
to the Treasurer of the Board, required.
Bonded debt, this issue. Assessed valuaaccrued interest.
tion $1,954,790.
Proposals will be
Middleport, .Ohio. Bond Offering.
received until 12 m. Nov. 4 by Fred. Radford, Village
Clerk, for $5,000 4J/£% coupon street-improvement bonds.
Authority sections 2835 and 2836 Revised Statutes of Ohio.
Denomination $500. Date Sept. 1 1905. Interest semiannually at the office of the Village Treasurer. Maturity
$500 yearly on September 1 from 1906 to 1915 inclusive.
Certified check for $250 payable to Fred. G. Davis, Treasurer, required. Bonded debt, including this issue, $68,000.
Assessed valuation $675,000.
Miles (Tex.) Independent School District. Bonds Registered.
The State Comptroller on Oct. 13 registered $11,000
5% 20-40-year (optional) school-house bonds dated Sept.
20 1905.
Milford, Conn.
Bonds Not Yet Sold. No sale has yet
been made of the $18,000 3J^% refunding bonds offered
without success on June 30.
Milton, Miami County, Ohio.
Bond Sale. On Oct. 14
the $2,000 5% coupon water-works-extension bonds described in V. 81, p. 1062, were awarded to A. C. Cable of
Covington at 113.85 and accrued interest.
year.
Citizens' Nat.
—
Bond Sale.
(P. O. Mora), Minn.
Oct. 13 the $13,000 ditch bonds described in V. 81,
p. 1002, were awarded to the Minnesota Loan & Trust Co.
of Minneapolis at 100.846, accrued interest and blank bonds
for 5 per cents.
Following are the bids:
Kanabec County
On
For 5 Per Cents.
For 6 Per Cents (Com.)
Minnesota Loan * Trust Co.,
Duke M. Farson & Co., Chla$13,130
Minneapolis
rf$13.U0
caso
al3,130
Wells * DlckC}- Co.. Minnoap'lis
13,131 J.M. Holmes, Chicago
al3,101
X. W. Halsey A Co.. Chicago...
13.065 C. H.Coffln, Chicago
For 6 Per Cents.
13,000
Commercial Insurance Co
W.J. Hayes & Sons, Cleveland. 13.232
a Failed to enclose certified check as required,
bonds.
d Accrued Interest and blank
—
Bond Offering
Proposals will be rem. Oct. 23 by Geo. E. Ford, City Clerk,
for $50,000 refunding sewer bonds at not exceeding 5%
interest.
Denomination $1,000. Date Nov. 1, 1905.
Kearney,
Neb.
ceived until
p.
1
Interest semi-annual.
Maturity Nov.
1
1925, subject to
call after five years.
Kent County (P. O. Grand Rapids), Mich. Bond Election Proposed.
Steps are being taken to submit to a vote
of the people at the spring election a proposition to issue
—
$50,000 insane-asylum bonds.
—
,
—
)
Leavenworth County (Kan.) School
Bond Sale. The State School Fund
District No. 18.
recently purchased
bonds of this district. Denomination $200.
$1,000
Date Oct. 2 1905. Maturity $200 on July 1 of the years
1907, 1909, 1911, 1913 and 1915.
5%
—
—
Bond Election. An election will be held
town to vote on the question of issuing not exceeding
$50,000 coupon improvement bonds.
Lewis County (P. O. Chehalis), Wash. Bond Sale. On
Oct. 11 the 310,000 10-20-year (optional) refunding bonds
described in V. 81, p. 1062, were awarded to Browne-EllinLenoir, N. G.
in this
—
4^%
wood Co.
of Chicago at 102.67 for
Followbonds.
ing are the bids:
For 4\$ Per Cents.
For 4 Per Cents.
Browne-EUlDwood Co Chic. $10. 267 00 Jose. Parker & Co.. Boston... $9,810 30
Trowbridge & Nlver Co., Chic. 10.257 00
For 4H Per Cents.
.
& Co.. Boston
10.245 20 Jose. Parker * Co., Boston... 10,042 30
A.J. Hood 4Co
10,236 00
For 5 Per Cents.
Rudolph Kleyboltc A Co., Chi. 10.212 50 S. A. Kean. Chicago
10.010 00
N. W. Hams A Co.. Chicago.. 10,208 00 Wm. D. Perkins & Co., Seattle 10,000 00
Lexington, N. C.—Bond Sale.— On Oct. 20 the $40,000
5^1 40-year bonds described in V. 81, p. 1133, were awarded
Jose, Parker
to F. L. Fuller
Lodi (N.
&
Co., Cleveland, for $41,470.
—
School District. Bonds Voted. This district
on Oct. 18 authorized the issuance of the $40,000 school
bonds by a vote of 15 to 0.
J.)
Luzerne and Hadley Union School District No. 1, N. Y.
Sale.
Thi- district on Oct. 17 awarded an issue of
$23,000 4% bo
Geo. M. Hahn of New York City a1
Bond
—
100.76.
— We
Madison, Ind. Bond Issue.
are advised that this
city will issue $7,500 Z l
refunding bonds in exchange for
old securities now outstanding.
A%
—
Maineville, Warren County, Ohio.
Bond Offering. Proposals will be received until 12 m. Oct. 30 by Clyde B. Meloy,
Village Clerk, for $2,460
coupon cement-eidewalkssment bondDenomination $240. Date Sept. 21
1905.
Intu
semi-annually
Maineville.
Maturity
in
$246 yearly on Sept. 21 from 1900 to 1915 inclusive. Certified check for $100, payable to the Village Treasurer required.
Bonded debt, this issue.
5%
—
—
—
•
—
A. C. Cable, Covington
$2,227 00
West Milton Bank, West Mllton$2.201 50
Bank, Covington 2,224 00 A. Kleybolte & Co., Cincinnati. 2,166 60
& Mayer, Cincinnati 2,205 75 Dayton Savings Bank, Dayton. 2.032 00
Minnesota. Loans. The State Board of Investment
on Oct. 14 granted loans as follows:
Seasongood
—
Village of Starbuck (from permanent university fund). $5,000; Wadena County,
county ditch, $7,450; Kittson County, for county ditch, $13,810; School District
No. 80, Aitkin County. $750; School District No. 42. Blue Earth. $800; School District No. 110, Clay, $700; School District No. 95, Douglas, $2,500; School District
No. 6, Fillmore, $2,000; School District No. 64 Grant. $800; School District No. 123,
Jackson, $1,000; School District No. 74, Kittson, $3,500; School District No. 10,
Kittson. $5,000; School District No. 114. Morrison. $450; School District No. 34.
Norman. $1,000; School District No. 272, Otter Tall, $3,400: School District No. 44,
Polk. $2,500; School District No. 26. Ramsey, $1,345; School District No. 126, Red
Lake. $1,800; School District No. 51. Redwood, $2,000: School District No. 28.
Roseau. $1,000: Browns Valley, Traverse, $2,000; School District No. 36, Wadena,
$1,500; School District No. 37. Wadena, $400.
for
Dak.—Bond Sale.— On Sept. 27 the $60,000
10-20-year (optional) coupon sewer bonds described in
V. 81 p. 1002, were awarded to MacDonald, McCoy & Co. of
Chicago for $61,997.
Minster School District, Auglaize County, Ohio. Bond
Offering.
Proposals will be received until 12 m." Nov.
14 by C. H. Dickman, Clerk, for $10,000 5% coupon"schoolbuilding bonds.
Denomination $500. Date Nov. 14 1905.
Interest March 15 and Sept. 15 at the office of the District
Treasurer.
Maturity $500 every six months from Sept
15 1912 to March 15 1922 inclusive.
Cash deposit of $200
required.
Purchaser to pay accrued interest.
Mitchell, S.
5%
,
—
Mount
Kisco, N.
Y.—Bond Sale.—On
Oct. 16 the $15,000
registered water bonds described in V. 81, p. 1203 were
awarded to G. M. Hahn of New York City, at 100-246 and
blank bonds for 3.85 per cents.
Bond
Munhall School District, Allegheny County, Pa.
— Proposals
be received until 7:30 p.m. Nov. 1
by G. E. Wisener, Secretary Board of Directors, for the
$15,000 4% coupon building bonds and the $10,000 4%
coupon funding bonds mentioned in V. 81, p. 932. Denomination $1,000. Date Oct. 1 1905.
interest semiannually at the office of the Monongahela Trusl Co. of
Homestead, Pa. Maturity Oct. 1 L925. Certified cheek
on a national bank or trust company foi 39! of amounl of
Bids
bonds bid for, payable to the School District required.
be made on blank forms furnished by J. Merrill Wright,
Solicitor of the Board, 31 St. Nicholas Building, Pittsburgh.
Bonded debt, Including this issue, 1120,094; other debt
Bonds are exempt from taxation.
14,605.
Offering.
will
,
r
THE CHRONICLE.
1274
Nampa and
Meridian Irrigation District,
—
Ada and Canyon
Counties, Idaho. - -Bond Offering.
Proposals will be received
until 3 p. m. Nov. 1 by the Board of Directors, II. A. Partridge,
Chairman, at the Citizens State Hank of Nampa for $285,000
bonds at not exceeding 7% interest. Securities are part
of an issue of $583,505 bonds authorized at an election
held Aug. 20 1905.
Denominations not less than $50 nor
more than $500. Interest Jan. 1 and July 1 at Boise.
Maturity as follows:
At the expiration of 16 years. . 10 per cent
At the expiration of 17 years.. U per cent
At the expiration of 18 years. . 13 per cent
At the expiration of 19 years. . 15 per cent
At the expiration of 20 years. . 16 per cent
of the amount of bonds bid for,
Certified check for
Payable to the Board of Directors of the Nampa and Meridian
Bonds to be delivered on or
rrigation District required.
Bidders are requested to satisfy
before Nov. 10 1905.
themselves as to the legality of the issue before bidding
as the District must purchase irrigation system before
At
At
At
At
At
the
the
the
the
the
expiration
expiration
expiration
expiration
expiration
of
of
of
of
11 years.. 5 per cent
12
13
14
of 15
years. .li
years.. 7
years. .8
years.. 9
per
per
per
per
cent
cent
cent
cent
2%
1 1905, its option on the same expiring on that date.
Local papers state
Nashville, Tenn. Bonds Defeated.
that the proposition to issue $300,000 high-school bonds
failed to carry at the election held Oct. 12.
Dec.
—
—
—
—
Newark, Ohio. Bond Offering Postponed. Owing to pending litigation over the land upon which it was proposed to
erect the new hospital building, the offering for Oct. 26 of
$35,000 4% hospital bonds has been withdrawn, and the sale
will not take place until next year.
Newburgh (Orange County), N. Y.—Bond
Offering. —
Proposals will be received until 2 p. m. Oct. 24 by Jonathan
D. Wilson, Mayor, for $7,000 3J^% registered refunding
water bonds. Denomination $700. Date Nov. 1 1905.
Interest semi-annually at the office of the City Treasurer.
Maturity $700 yearly on Nov. 1 from 1906 to 1915 inclusive.
New Hanover County (P. O. Wilmington), N. C. Bond
The $50,000
road bonds offered without sucSale.
cess on Aug. 30 have been sold to Season'good & Mayer
of Cincinnati at par and interest.
—
4%
Newport News, Va.
Bonds Proposed.
—The
issuance of
[Vol. lxxii.
interest.
$500 and $1,000.
semi-annual.
years, BUbject to call after
Denominations $100,
Maturity twenty
ten years.
Authority election
fied check for $100 required.
The official notice of this bond
Interest
held Sept. 29 1905.
offering will be found
the advertisements elsewhere in this
—
Certi-
among
Department
Plainfield, N. J.
Bond Sale. On Oct. 9 at a private sale
an issue of $13,000 -1% school-funding bonds was awarded to
the Dime Savings Institution of
Plainfield at 101.375.
Denomination $1,000. Date June 1 1905. Interest semi-
annual.
—
—
Polk County (P. O. Crookstonj, Minn. Bond Offering.
Proposals will be received until Oct. 23 by N. A. Hoffard,
County Auditor, for the private sale of $22,000 6% coupon
county ditch and drainage bonds. Authority Chapter 258
Laws of 1901 and Chapter 230 Laws of 1905. Denomination
$500 or $1,000. Date Jan. 1 1906. Interest annually at
place to be agreed upon later.
Maturity yearly on Jan. 1
from "1908 to 1916 in approximately equal payments."
Portland, Conn. Bond Offering.
Proposals will be received until 8 p. m. Nov. 1 for $88,000 coupon refunding
railroad bonds at not exceeding 4% interest.
Denomination
Date Nov. 1 1905. Interest semi-annually at the
$1,000.
Maturity twenty years.
office of the Town Treasurer.
Bonds are exempt from all taxation. Robert S. Mitchell is
—
Town
Clerk.
—
—
—
Portsmouth, Ohio. Bond Election. At the general election Nov. 7 a proposition to issue $250,000 water-works
bonds will be submitted to a vote of the people.
—
—
Prescott, Ariz.
Bond Sale. We are advised by E. B
Modin, City Clerk, that an issue of $100,000 5% water
and sewer-system-improvement bonds has been sold to the
Commercial Trust Co. of Prescott at par. Denomination
Date June 15 1905. Interest semi-annual. Ma$1,000.
turity June 15 1955, subject to call after June 15 1910.
Punxsutawney (Pa.) School District. Bonds Not Sold.
The $65,000 4% coupon school-house bonds offered on Oct.
14, a description of which will be found in V. 81, p. 1204,
were not sold. We are informed that several details of
The denomination will now
the issue have been changed.
be $1,000 instead of $100. Interest semi-annually instead
Maturity thirty years, subject to call after
of annually.
—
street-improvement bonds is being considered.
Legislative authority, however, must first be obtained before
these bonds can be issued.
Bond
Norfolk Union Free School District No. 1, N. Y
Proposals will be received until 8 p. m. Oct.
Offering.
ten years.
25 by Daniel Crowley, Clerk, for $14,300 4% coupon school
Rural Valley, Pa. Bond Offering. Proposals will be rebonds. Denomination $500, except one bond for $300.
Borough SecreInterest annually on Jan. 1 at the State Bank of Norwood. ceived until 8 p. m. Oct. 26 by D. A. Dixon,
bonds.
Denomcoupon
water-works
tary,
for
$8,500
4%
Maturity $1,000 yearly on Jan. 1 from 1909 to 1922 inclusive
and $300 on Jan. 1 1923. Bonded debt this issue. Assessed ination $100. Date Nov. 1 1905. Interest semi-annually
Maturity Nov. 1 1930,
at the Rural Valley National Bank.
valuation $488,000.
Bonds are exempt from
subject to call after Nov. 1 1907.
North Yakima, Wash. Bonds Voted. By a vote of 291 all taxes. Certified check for
2% of bid, payable to the
to 110 this city on Oct. 12 authorized the issuance of $48,000
Borough Treasurer, required. The borough has no debt at
4% 20-year sewer bonds. Date of sale not yet determined.
Assessed valuation $121,800.
present.
Nymore, Minn. Bonds Not Yet Sold. No sale has yet
Rushton, Minn.—Bond Sale.— On Oct. 14 the $1,500 fundbeen made of the $4,500 fire-protection bonds mentioned
ing and the $2,500 drainage and water 5% 15-year bonds
in V. 81, p. 173.
described in V. 81, p. 1204, were awarded to the Pipestone
Oakmont, Pa.—Bond Sale.—On Oct. 16 the $45,000 4% County Bank of Pipestone at par and interest. This was
5-30-year (serial) street-improvement bonds described in the only bid received.
V. 81, p. 1204, were awarded to Dick & Robinson of New
San Diego, Cal.—Bond Sale.— On Oct. 16 the $75,000
York City at 102.05 and interest.
4^2% coupon gold sewer and $54,000 4}i coupon gold
Ocilla,
Ga. Bond Sale.— On Sept. 30 the $20,000 water 1-40-year (serial) bonds, described in V. 81, p. 1003,
5-24-year (serial) gold water-works and electric-light bonds, were awarded to the Adams-Phillips Co. of Los Angeles,
described in V. 81, p. 863, were awarded to John W. Dickey at 105.71
of Augusta, Ga., at 101.665 for five per cents. Securities are
Sandusky County (P. O. Fremont), Ohio. Bond Sale.
dated Dec. 31, 1905.
On Oct. 7 $9,200 5% ditch bonds were awarded to the
Odell School District No. 162, Livingston County, 111.
Croghan Bank of Fremont for $9,225. Securities are dated
Bond Sale.— On Oct. 16 the $11,200 5% coupon bonds Sept. 1 1905 and the interest will be payable semi-annually
described in V. 81, p. 1204, were awarded to Geo. M. Bechtel
Bond Offering*
Sault Ste. Marie (Mich.) School District.
& Co. of Davenport, Iowa, at 103.133 and interest. FolProposals will be received until 4 p. m. Oct. 28 by James
lowing are the bids:
T. Moore, Secretary of Board, for $25,000 4% coupon
Geo. M. Bechtel & Co.. DavenIN. W. Harris & Co., Chicago. ..d$ll. 551
Date Dec.
Denomination $500.
school building bonds.
port
a$ll, 551 John Nuveen & Co., Chicago... oil. 400
Bank of Odell. Odell
all. 550)
Interest semi-annually at the Hanover National
1 1905.
Bank, New York City. Maturity Dec. 1 1915. Certified
a Accrued interest and blank bonds, d And accrued interest.
for $500, payable to F. P Sullivan, Treasurer of the
check
Palo Alto, Cal. Bond Election. It is stated that this
These bonds take the place
place will vote on the question of issuing $50,000 water, Board of Education, required.
last
August
to
E. H. Rollins & Sons of
awarded
those
of
$10,000 sewer, $10,000 water and light extension, $15,000
Chicago, but which were subsequently refused because of
park and $5,000 general-improvement bonds.
a technical error in the notice of election. A new election
Paola, Kan. Bonds Voted.
This place on Oct. 10
been held and the bonds again offered as above.
.'i
voted to issue $50,000 bonds to purchase the water plant and has
Future.
Near
Probable
in
Election
No
Bond
Pa.
Sayre,
$25,000 bonds for the construction of an electric light plant.
we are advised that the matter of issuing bonds for sewer
Paris, Tex.—Bond Sale.— On Oct. 9 the $6,500
purposes is not yet in shape to submit to a vote of the people.
10-40-year (optional) sewer-construction, the $50,000 4*4%
It is not likely that an election will be held on this subject
30-50-year (optional) street-improvement and the $35,000
before next spring.
20-40-ycar (optional) school -house bonds described
Schenectady, N. Y. Temporary Loan. On Oct. 18 the
in V. 81, p. 1003, were awarded to Trowbridge & Niver Co.
described in V. 81,
of Chicago, at 103.789, accrued interest and blank bonds. $100,000 temporary-loan-certificates
of Boston at
Goodwin
Bond
&
to
awarded
were
1205,
p.
Following are the bids:
are the bids:
Following
interest.
4.68%
Trowbridge
Niver Co.. Chic. $94,967 00 Trust Co. of Dallas, Pallas
$91,780 00
5.00%
Seasongood & Mayer, Cincin.. 93,811 75 S. A. Kean, Chicago
4.68% Schenectady Trust Co
q91,774 50 Bond & Goodwin. Boston...
Spitzer &Co., Toledo...
93,375 75 W. R. Todd & Co., Cincinnati. 88.800 00 E. D. Shepard & Co. (100 .025)... 5.00%
For School-House Bonds Om\
Union Sav. Bk.&Tr.Co., Cin.. 92.S40 00
Farson, Leach & Co., Chicago. 92,502 50 Hrowne-Ellinwood Co., ChiC-.a35.3S7 00
Scio School District No. 1, Allegany County, N. Y.
W. J. Hayes & Sons, Cleveland 92,499 00 C. U. Coffin, Chicago
. a35,;i01 00
Not Sold. No bids were received on Oct. 12 for the
Bonds
F. L. Fuller .% Co., Cleveland. 91,825 00
4% 1-9-year (serial) bonds described in V. 81 p. 1064.
$9,000
a Failed to inclose certified eheck as required
Seattle School District No. 1, King County, Wash.
Payette, Idaho. Bond Offering.
Proposals will be reBonds Voted.— On Oct. 7 the $500,000 building bonds menceived until Nov. 13 by Geo. W. Baker, City Clerk, for tioned in V. 81. p. 1004, were authorized by a vote of 490
$10,000 coupon water-works bonds at not exceeding 6% to 52.
$100,000
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
4%%
4%%
—
<fc
I
1
—
,
—
—
j
——
—
THE CHRONICLE.
Oct. 21 1906.
Shamokin,
—
— Bond
Proposals will be ivOffering.
Cfeived Until Oct. 26 by the Finance Committer, rare of
Th08. Roberts. Seeretary, for S-'O.OOO I', .V.'Ul-war (.opBonds
tional) and 524,000 4% 10-oO-year (optional) bonds.
are exempt from all taxation.
Sharpsburg School District, Allegheny County, Pa.
Bond Offering. Proposals will be received until ;> p. m.
Oct. 26 by Robt. R. Moon'. Secretary, No. 413 Wood Street,
Pittsburgh, for 175,000 4'', coupon school-building bonds.
Date
Nov.
1005.
Interest
1
Denomination $1,000.
semi-annually at the Citizens' Deposit & Trust Co. of
MaSharpsburg, through the Pittsburgh Clearing House.
turity $2,000 yearly on Nov. 1 from 1910 to 1910 inclusive;
$3,000 yearly on Nov. 1 from 1920 to 1924 inclusive and
from L925 to 1932 inclusive. Certi$5,000 yearly on Nov.
Bonds are exempt from
fied check for $2,000 required.
taxation.
Bonded debt, including this issue, $100,000;
\-sessed valuation 1905 $3,529,285.
Sherman, Tex. Bonds Registered. The State Comptroller on Oct. 11 registered an issue of $12,000 5',' waterworks bonds dated July 1 1905 and maturing one bond
Pa.
—
—
1
—
—
yearly.
—
Sidney School District No. 607, Manitoba. Debenture
Proposals will be received until Nov. 10 by E.
Offering.
K. Marshall. Secretary-Treasurer, for $3,800 5% school
debentures.
Maturity, various amounts yearly on Aug.
1 from 1906 to 1925 inclusive.
Solano County, Cal. Bond Flection. The Board of Supervisors has decided to submit to a vote of the people the question of issuing $300,000 bonds for a court-house and jail at
Fairfield and a branch hospital at Yallego.
Sparta, Hancock County, Ga.
Bonds Voted. This city
on Oct. 16 authorized the issuance of $12,000 5% electriclight plant bonds by a vote of 93 to 1
Securities mature in
—
—
—
—
—
.
30 years.
Spartanburg,
received Oct.
street-improvement bonds
& Mayer
Seasongood
— Following are the bids
i A% 30-year coupon
week, to
awarded, as stated
S. C.
Bond Sale.
11 for the 8100,000
l
last
of Cincinnati
&
and Denison, Prior
Co.
of Cleveland:
NEW
NEW
LOANS.
gio,ooo
Cascade
County,
Montana,
DAY
NOVEMBKR,
Bids should be marked "Bids on Bonds" and addressed to Fred L. Hill. Clerk of the Board of County
Commissioners, Great Falls, Cascade County, Montana.
By order of the Board of County Commissioners of
Cascade County. Montana.
FRED
I..
POTTER,
MUNICIPAL and orikinc
CORPORATION BUNUb
JLIMT
-
-
.
\V
.
Harris
A
Co.. Chicago.
W
Sumner, Miss.
BOHTON. MAS*.
Seasongood
.',
1
t
$io.oi;>
10,010 75
&
Trust
10,610 00
.
Bonds
to
be
Offered.
5%
oo
Mayer. Cincin-
.fc
-
—The
Mayor
will
5-20-year (optional) schoolDenomination $100. Date Oct. 3 1905.
house bonds.
Interest annually at place to be designated by purchaser.
Bonded debt, this issue. Assessed valuation 1905 $168,160.
Proposals will be
Terrace Park, Ohio. Bond Offering.
received until 12 m. Nov. 18 by W. E. Willliamson, Village
Clerk, for the following bonds:
shortly offer for sale $5,000
—
$1.330
1,256
5%
5%
—
coupon sidewalk (Village portion) bonds. Denomination $133. Date
Nov. 1 1905. Maturity $133 yearly from 1900 to 1915 Inclusive.
coupon sidewalk-assessment bonds. Denomination $125 GO. Date
Oct. 1 1905. Maturity S125 60 yearly from 1906 to 1915 inclusive.
Interest on above securities payable semi-annually at
the Western German Bank, Cincinnati, Ohio.
Separate bids
Accrued interest to be paid
to be made for each issue.
by purchaser.
—
—
Trenton (Mo.) School District. Bonds Voted Bond
The election Sept. 30 resulted in a vote of 705
Offering.
to 110 in favor of the proposition to issue $12,500
Proposals for these bonds will be rehigh-school bonds.
Maturity Nov. 1 1925 subject
ceived until 8 p. m. Oct. 25.
to call after Nov. 1 1915.
—
4^%
Trimble (Town),Tenn. —Bo7ids
— We are advised that the $7,000
Re-offered Next Year.
school bonds offered
without sucess on June 30 will be again put on the market
to be
5%
NEW
LOANS.
LOANS.
#10,000
30- Year
i% 30-Year Macadam Boad
Park Bonds.
1005.
and mature September
30, 1836.
They bear
Comptroller's office, where payment must be made
by the tuccessful bidder. A certified check, payable
to the City Treasurer of the City of St. Paul, for two
(2) per cent of the par value of the bonds bid for
mast accompany each bid that will be considered.
Bids wnl be received for all or nay part, of the lot.
The committee reserves the right to reject any and
all
Boads.
City Comptroller's Office,
at Paul, Minn., Oct. 7, 1905.
Sealed proposals will be received at the office of
the City Comptroller by the Sinking H'und committee until 12 o clock noon on OCl'uBER 24, 1906, and
opened at that time for the purchase of ten
thousand ($10,000) dollars of bonds of the City of
Ht. Paul, Minnesota, the proceeds of which are to
be used for the purpose of aiding in the macadamizing of Minnehaha Street. These bonds are Issued
pursuant to Ordinance No. 8534, pai-sed by the City
Council snd approved October 6, 1905. authorized by
Chapter 58 General Laws ol Minnesota for the year
approved March
1905,
23, 1905,
Bonds
In
denomi-
nation of five hundred or one thousand dollars each,
may desire, with coupons at< ached,
and dared November 1, 1905, and mature 'otober 31,
1935. They bear interest at the rate of four (4) per
cent per annum, payable semi-annually, interest
and principal payable at the Financial Agency of
Delivery of bonds to be
St. Paul In New York City.
made at tbe Comptroller's office, where payment
the
successful
Didder. A certified
must be made by
checi. payable to the City Treasurer of the City of
8t. Paul, for two (2) per cent of the par value of the
bonds bid for must accompany each bid tbat will be
considered. Bids wlil be received for ad or any part
of tbe lot. The committee reservss the right to
as the purchaser
i
reject
any
ar.d all bid*.
Proposals to be marked "Bids for
Bonds" and addressed to
LODIS BETZ,
Macadam Koad
"
City Comptroller.
bids
Proposals to be marked "Bids for Park Bonds"
and Hdd reused to
I.OL'IS
R.
BETZ.
City Comptroller.
DAY &
L.
CO.
Street,
8 Nassau Street,
Penobscot Bldq.,
Land-Title Bldq.
Detroit.
Philadelphia.
MUNICIPAL
AND
PUBLIC SERVICE CORPORATION
BONDS.
NEW YORK
BOSTON
STOCK EXCHANGES.
Trowbridge & Niver Co.
MUNICIPAL AND PUBLIC SERVICE
BONDS.
STATE, MUNICIPAL AND HIGH GRADE
KAII.KOAD SKCUK1TIKM.
1st
LIST.
BOSTON.
HO State Street.
fcaiubltahed
H. C. Speer
First Nat.
CLEVELAND.
BOSTON,
CHICAGO,
Nat. Bank Bldg.
INVESTMENT BONDS.
SEND FOR
COMPANY,
W. NOBLE &
H.
BANKERS,
HAYES & SONS, DENISON, PRIOR&CO.
CJLKTJKJLAND. OHIO.
$10,500
.
.
Boaght and Mold.
J.
16 the
10,672 00
nati
llochler & CummlngS, Toledo. 10,652 50 Sec. Savings Bank
\.
llalsrv A Co
Chicago. 10.027 0.
Co., Toledo_
.
ON APPLICATION.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
W.
—On Oct.
$10.77:1 oo
cago
N
MEMBERS
IjLjLS.
i
to
Following are the bids:
interest.
s. a. Kean, Chicago
Hmwne-Elllnwood A Co., Chi-
NEW YOEK AND
172 Washington Street,
— A
bonds described in V.81, p. 1205, were award a
the Browne-Ellinwood Co. of Chicago at 102.60 and
BOSTON.
-
Todd A
A
street
Board.
B.
CHICAGO,
Bond Sale.
Sterling, HI.
coupon
Interest at the rate of four (4) per cent per innnm,
payable semi-annually, interest and principal payable at the Financial Agency of bt. Paul in New
York City, delivery of bonds to be made at the
HILL.
of said
It.
Well, ltoih
Bond Election. At the November
Ohio.
Springfield, Ohio.—
eleotion the queBtion of issuing $225,000 sewer bonds will be
submitted to a vote of the people.
City Comptroller's Office,
St. Paul. Minn., Oct. 4. 1P05.
Sealed proposals will be received at the office of
the Cltv Comptroller by the Sinking Hund Committte until 12 o'clock noon on OCTOBER 24, 19C5, and
opened at that time for the purchase of seventy five
thousand t$75,0uo) dollars of bonds of the City of
St. Pan), Minnesota, the proceeds of which are to be
used for the purpose of adding to lis funds available forthe acquisition of land for parkand parkway
purposes by purchase or otherwise. These bonds
are Issued pursuant to Ordinance No. 2532. passed
by the City Council and approved September 25,
1905, authorized by Chapter 235 of the Laws of the
State of Minntsota for the year 19CS. approved April
17, 1908, as amei ded by Chapter 91 of the Laws of
Minnesota for the year 1905, approved March 31,
1905. Bonds In denomination of five hundred or
one thousand dollars each, as the purchaser may
desire, with coupons attached, and dated October 1,
86 Congress
T
—
W.
Co.. Clnclnnatl$10:i.000 QO
i'o.. Cincinnati lea.-r.Mi no
001 Lamprcchi Bros,
io.sl>ooo<>
Oo. Cle
00 Mercantile Tr aiUep.Co..»ul. lOit.OUO 00
on Uiuliiipli Kleybolte & in .cm. 102,747 50
0(1
nlon Say. Bk.ATr.Co..C4n. ioj.-iiooo
00 Baker, Watson A Co., Baltl. 102.136 00
00 Albert Kleybolte .v Co., Ota. loi.iao oo
I
10
CITY OF ST. PAUL CITY OF ST. PAUL
4%
Notice Is hereby given that. In pursuance of the provisions of Article 3, Chapter 2. Title 2, Part 4 of the
Political Code ol the State of Montana, and of the order
made by the Board of County Commissioners of Cascade
County. State of Montana, at a regular meeting of said
Board held on the 11th day of October. 1905. the said
Board of County Commissioners will on the 29TH
OF
1905, at 2 o'clock P. M. of said day.
at the office of said Board In the District Court Fouse
in the City of Great Falls, Cascade County. Vontana,
under and by virtue of a resolution duly adopted by
said Board at a regular meeting thereof held on the 11th
day of October, 1905. at the aforesaid office of said
Board, sell coupon bonds of said Cascade County to the
amount of Ten Thousand Dollars, drawing Interest at
the rate of four per cent per annum, payable semiannually on the Orst day of January and the first day of
July of each year, which bonds will be of the denomination of One Thousand Dollars each, and shall be payable
twenty years after the date of their Issue, provided,
however, that said bonds shall be redeemable at the
option of said County of Cascade at any time after ten
years from the date thereof. The said coupon bonds
will be made payable at any National Bank designated
by the purchaser thereof and the said County of Cascade
will deliver such bonds at said bank to the order of said
purchaser, provided that the Interest on said bonds
shall be payable at the office of the County Treasurer of
aald Cascade County.
Sealed proposals for the purchase of said bonds,
subject to legality, will be received up to the time of
sale, and the party or partlesjofferlng the highest bid and
price therefor will receive the bonds.
A New York
draft or check certified by a bank of the City of Gre^t
Falls, payable to the order of the County Treasurer of
Cascade County aforesaid, to the amount of $500, must
be deposited with the County Treasurer aforesaid by each
bidder as a guaranty of good faith.
The said Board of County Commissioners reserves the
right to reject any or all bids.
County Clerk and Clerk
&
Mayer. Cln.,&\
r
Denison, Prior 9k Co., eu-.:$l0, >,
N. W. Harris * i'o.. Chicago. 104.400
lounsond Scotl A Son. .Bait. 1 04,200
l()-l,l(io
F. 1.. Kullor A Co.. Clove
But ten, SI rot her A- Co.. Haiti. 103. 910
Security Tr. Co.. Spartanb'B. 103,876
w. j. Hayes A sons, eieve.. 103,750
Beasongood
»75,000
Coupon Bonds.
4
I
1275
CITY
Uank
&
l!"»S».
Sons Co.
HulUllng,
COUNTY
AND TOWNSHIP
<
lilcatro.
BONDS.
^=1=^
THE CHRONICLE
1276
See V. 80, p. 2638, for description of
early next spring.
bonds.
—
Turin, N. Y. Bond Sale. The $14,000 water-works
bonds voted at the election held Sept. 26 1905 have been
sold to the Jefferson County Bank of Watertown.
Vancouver, B. C. Debenture Offering. Proposals will be
received until 4p.m. Nov. 24 by A. McEvoy, City Clerk, for
$500,000 4% city debentures. Interest semi-annual. Ma-
—
turity as follows:
$46,500 at the expiration of 12 years. $17,500 at the expiration of 30 years
26,000 at the expiration of 15 years. 253,600 at the expiration of 40 years.
167,600 at the expiration of 20 years.
I
Wabaunsee County (Kan.) School District No. 81.
Bond Sale. The State School Fund has purchased an issue
—
5% bonds of this district. Denomination $500.
Date Aug. 15 1905. Interest January and July. Maturity
$500 yearly on July 1 from 1911 to 1914 inclusive, subject to
call on any interest-paying date.
Warren Township, Belmont County, Ohio. Bond Sale.
Following are the bids received on Oct. 10 for the $5 ,000 4J^%
3-12 (serial) coupon road-improvement bonds awarded,
as stated last week, to P. S. Briggs & Co. of Cincinnati:
of $2,000
—
P. S. BrigES & Co.. Cincinnati. .$5,251 50 W. R. Todd & Co., Cincinnati.. $5,075
Seasongood & Mayer, Clncinn.. 5,176 50 First Nat. Bank., Barnesvllle.. 5,062
Denlson. Prior* Co., Cle.&Bos. 5.153 50 Hoehler & Cummings, Toledo.. 5,057
W.J. Hayes & Sons, Cleveland. 5.087 00 Well, Roth & Co.. Cincinnati.- 5,055
00
00
50
00
& Co., Cincinn. 5,084 50
Warroad Independent School District No. 12, Roseau
County, Minn.—Bond Sale.— On Sept. 28 the $4,000 5%
coupon funding bonds described in V. 81, p. 935, were
awarded to Chas. H. Coffin of Chicago at par. Securities
mature $800 yearly on July 1 from 1910 to 1914 inclusive.
Albert Kleybolte
—
Warsaw, Mo. Bonds Voted. It is stated that this place
recently authorized the issuance of $6,000 electric-lightplant bonds by a vote of 96 to 12.
Washburn, Wis. Bond Offering. Proposals will be received until 11 a. m. Nov. 1 by R. A. Hering, City Clerk, for
Denomination $1,000. Interest semibonds.
$40,000
annual. Maturity 20 years, subject to call $2,000 yearly.
—
nomination $1,000. Date May 1 1905. Interest semiannually at the Fourth National Bank of Boston.
Maturity
$3,000 yearly.
—
Wesson, Miss. Bonds Voted. This place on Oct. 5
voted to issue bonds for water-works.
West Homestead, Pa. Bonds Authorized. It is stated
that the Borough Council has decided to issue $16,000
street bonds.
Westmoreland County (P. O. Greensburgj.Pa. Bond
Sale.
Pennsylvania papers state that the SI ,000 ,000 4%
court-house bonds offered without success on June 22
have been sold to Lucien Clawson, President and John S.
Sell, Cashier of the Westmoreland National Bank of Greens-
—
—
burg, at 100.60.
Wichita, Kan. Bond Sale. An issue of $17,000 4%
refunding bonds has been sold to the Fourth National Bank
for $17,586.
Denomination $1,000. Date July 1 1905.
Interest semi-annual.
Maturity one-tenth yearly.
Woodstock, Ohio. Bond Sale. On Oct. 16 the $5,000
5% 1-10-year (serial) sidewalk-assessment bonds described
in V. 81, p. 1066, were awarded to Lamprecht Bros. & Co.
of Cleveland at 102.54 and interest.
Following are the
—
—
bids:
Lamprecht Bros.
& Co., Cleve..$5.127 00|Denlson. Prior ft Co., Cleveland$5.078 50
P. S.Brlggs ft Co., Cincinnati.. 5.114 00 Albert Kleybolte ft Co., Clncln. 6,062 50
New First Nat. Bk., Columbus. 5,112 50 |S. A. Kean, Chicago
6,000 00
|
—
Wyandotte, Mich. Bond Election. An election will be
held on Oct. 30 to vote on the question of issuing $30,000
water-works-extension bonds.
Wyandotte County (Kan.) School District No. 46. Bond
This district has sold to the State School Fund an
Sale.
bonds. Denominations $100 and $200.
issue of $1,500
Date Sept. 6 1905. Interest January and July. Maturity
$300 yearly on July 1 from 1906 to 1910 inclusive, subject to
call on any interest-paying date.
—
5%
—
Watertown, Mass. Bond Offering. Proposals will be
received by Charles W. Stone. Town Treasurer, until 3 p. m.
DeOct. 30 for $60,000 4% coupon school-house bonds.
NEW
BOND
LOANS.
910,000
TVOL. LXXXI.
5%
Ynez School
— On
District,
Idaho,
Municipal Coupon Bonds.
Bernalillo
New
County,
The County Commissioners
New
Mexico,
County
of Berthe Territory of New Mexico, in the exercise
by law, hereby give notice that the
Funding Bonds dated July 1, 1895, issued in two
series, known as A and B respectively, consisting of 102
bonds of $500 each, numbered 1 to 102, both inclusive,
of series "A," and 139 bonds of S100 each, numbered
1 to 139, both inclusive, of series "B," which are payable
at the option of said Commissioners ten years after the
date thereof, must be presented for payment at the
Chemical National Bank in the City of New York or at
the office of N. W. Harris and Co. in the CITY OF
CHICAGO, Illinois, on or before the FIFTEENTH
OF
1905, and that interest thereon
will cease after said date.
(Signed) ALFRED GRUNSFELD,
Chairman.
J. A. SUMMERS, Clerk.
of the
DAY
nalillo, in
R. E.
Attest:
GEO. W, BAKER,
HAYNES,
DAY
&
INVESTMENT BONDS.
60 State
Street,
BOSTON.
Rudolph Kleybolte&Co,
BANKERS,
BONDS.
BONDS.
27-29 PINE STREET, NEW
YORK.
ON APPLICATION
INVESTMENT BONDS
Mercantile Library Building,
CORRESPONDENCE SOLICITED
CINCINNATI.
Municipal
FULTON & CO.,
Municipal Bonds,
LA SALLE STREET,
CHICAGO.
BUNDS stoBk CERTIFICATES
or lithographed, or
partly lith< graphed.
for
Banks, Bankers, and others. Automatic
presses used. Estimates furnished.
steel
&
HUNTER
CO.,
206 Broadway, N.Y.
C.
LKABE,
NT.
President,
eecretary.
MUNICIPAL
Public
Service
Oorporation
B0$D3.
ROLLINS & SONS.
BOSTON
San Fraucigco.
Chicago.
Denver.
Blodget, Merritt
& Co
,
BANKERS,
Congress Street, Boston.
36 NASSAU STREET, NEW YORK.
Q
U
STATE, CITf & RAILROAD BONDS.
MacDonald, McCoy
&
Co.,
ecurities
Company MUNICIPAL AND CORPORATION
Oorporation
OF PITTSBURGH, PA.
BONDS.
Paid up Capital $200,000.00
La
171
R.A.Lancaster
&
SonSj
BANKERS,
NO. 10 WALL, STREET,
and
MISCELLANEOUS
SECURITIES.
Southern Securities a Specialty.
in
New
EISELE
Jersey Securities.
8u
KING,
BANKERS,
DEALERS IN
INVESTMENT
Salle Street, Chicago.
Specialists
NEW YORK,
partly printed and
Lithoqriphing and Printing
KING &
LAMBREM
M.
16
NO STOCKS
B.
will cease,
on Daily and Time Deposits
SEASONGOOD & MAYER,
ALBERT
P.
E. H.
MUNICIPAL AND RAILROAD
HIGH GRADE
Engraved mi
bonds
gtiid
MUNICIPAL, RAILROAD am'
Interest Paid
171
on
AND
STREET RAILWAY
F. R.
November,
NOVEMBER
DBAXBB8 IN
LIST
B. mat urine on tbe nrst day of
lw'5. Payment will be made at tbe dtate
National Bank. New Orleans. t< net- er with all
accrued interest Holders of said bonds are notified
to present tbem f« r payment at said bank on the
nrsi d«y of November. 1UJ5, on which oay all interest
Bonds, Series
Mayor.
Burr,
Orleans. Sept. 30, 1906.
Series K. ot the Board of Commissioners
for the Pontchartraln l.evee District.
Notice Is taerebv given bv the above-named Board
of its in ention to redeem an of its c.i.ti-tand ng 6%
Clerk.
Perry, Coffin
LOANS.
To the holders of the Outstnndlng H% Bonds,
of the option given
Sealed bids will be received by the City Clerk at
OF NOVEMBER
Payette, Idaho, until the 13TH
1905 tor municipal coupon bonds to the amount of
$10,000.00 in denominations of One Hundred, Five
Hundred and One Thousand Dollars each, payable In 20
years from date of issuance, redeemable at the pleasure
Of the City of Payette at any time after the expiration of
10 years, bearing interest at a rate not to exceed 6 per
eent per annum, payable semi-annually, said bonds to
be Issued and sold to provide for the construction and
maintenance of water works for said city and to supply
the same with water. Securities were authorised at
election held Sept. 29. 1905.
Certified check of $100.00
to accompany each bid.
NEW
CALLS.
BONO CALL.
City of Payette,
Bond
Santa Barbara County, Cal.
Oct. 2 $1,200 5% school-building bonds were
awarded to E. A. Harrington at 101.50. Denomination
Date Sept. 18 1905. Interest annual. Maturity
$ 400.
$400 yearly on Sept. 18 from 1906 to 1908 inclusive.
Sale.
-j
New York and Philadelphia
Stock Exchanges.
embers of
Private Wires to
N. T. &, Philadelphia.
757-75H Broad
NEWARK.
St.,
@FedFRASER