The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
— —
—
2
.
.
—
1
financial
anrnmrial f
IN
romcb
INCLUDING
Bank and Quotation Section
and City Section (semi Anally)
08
Street Railway Section
)
State
(Monthly)
Railway and Industrial Section (Quarterly)
KnwnMt according
VOL.
to
Act of Congress,
in the
year 1905, by William
H.
T1,l
Dana Company.
SATURDAY, OCTOBER
81.
In
the o.tioeof Librarian of Congress. Washington.
2S
NO.
1905.
Week
Cleurlwis "t
1905.
or
Dec.
Itu
1904.
1
For One
ol Subscription
—Payable
Boston
Providence
Hartford
Springfield
$10 00
6 00
13 00
7 50
V ear..
Months
European subscription (Including postage)
European Subscription Six Months (including postage)
Annual Subscription in London (Including postage)
Six Months subscription in London (including postage)
JTor Six
£2
£1
14s.
lis.
—
Per Inch Space
Transient matter p«r Inch space (14 agate
Two Months
Three Months
Months
Twelve Months
Six
I
84
22
29
50
87
line*)
(8
(13
(86
(52
rimes)
times)
times)
times)
20
00
00
00
00
CHICAGO OFFICE— Pliny 3artlett, 513 Monadnock Block.
LONDON OFFICE—Edwards <& Smith, 1 Drapers' Gardens, E. C.
WILLIAM
DANA ((H1F.VM,
B.
Fine Street, Corner
Post
Box
Office
ol
Ixiwell
Total New England.
Chicago
Cincinnati
Cleveland
Detroit
168,04 1,555
206,410.005
25.138.130
16.333,121
13.898,663
8.804.06b
7.292.667
4.962,600
3,962,543
3.189.146
8,416,370
1,695,670
1,463,146
600,500
799,611
665,115
910.581
661.666
887,888
537.486
365,420
406.167
361. 746
315,066
Milwaukee
Indianapolis.
Columbus.
Toledo
Peoria
Grand Rapids
Dayton
Evansville
Akron
Publishers,
Springfield.
Ill
Youngstown
Kalamazoo
Pearl Street.
NEW VOKK.
f»"»8.
1.U23.079
954.386
529,660
750.980
398,714
Holyoke
|
Advertising
Portland
Kail Hirer
New Bedford
I
ol
1,62 1,3*19
New Haven.
Subscription includes following Sections
State and city (semi-annually)
Bank and Quotation (monthly)
Hallway and In dcsmklal (quarterly) Stb&kt Kail way (3 times yearly)
Terms
163,021.445
11,653.800
8,896.988
8,290,696
1.999.838
Worcester
in Advance
Lexington
Canton
Rocktord
,
spriiisrfleld.
CLEARING ROUSE RETURNS.
O
Bloomington
Quincj
Deoat ur.
,
The following table, made up by telegraph, etc., indicates Mansfield
that the total bank clearings of all the clearing houses of the Jacksonville
Jackson
United States for the week ending to-day, October 28, have Ann Arbor
Port Wayne
been $3,903,611,515, against $2,826,809,221 last week and South Bend
Total Mid. Western
12,829,999,662 the corresponding week last year.
lleturns uy leteoraph.
Clearings
89.39K.IV18
9,881,730
7.543.860
3.964.000
5.535,821
8.936,159
3,009,170
981.146
740.450
466.722
Seattle
Salt Lake City
1904.
Baltimore
Chicago
St. Louts
New Orleans
$1,550,196,811
126.335.565
113.883.029
21,986,710
180,946,318
47,372,671
15.009.844
11,601.870,951
112,790.075
101.854,435
19,251,467
147.177.674
50,129.883
16,900.678
—11-2
Seven cities, 5 days.
Other cities, 5 days
<2.055.17l,842
349.768,247
»2.049.975.168
305.407,023
+0-3
+14-5
J2.404.910 089
498,671.426
J2.355.3M2.79l
474,616.871
+2-1
+5-1
*2.903,6l 1.515
f2.829.9HW.e62
+26 Topeka
New
28.
York.
Boston
Philadelphia.
Total
all cities.
All cities, 1
Total
5 days.
.
.
day
all cities
for week.
P. Cent.
—3-2
Portland
Spokane
+120 Tacoma
+1L3 Helena
+ 14-2
+22-3
—55
cases estimated, as we go to press Friday night.
We present below our usual detailed figures for t'ie previous
week, covering the returns for the period ending with Saturday noon, October 21, 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 loss
of 0-4 per cent.
Outside of New York the increase over 1904
is 10*3 per cent.
be in
all
Cleannos at
l'.Hll
Inc. nr
Itrr
.771.99S.977 1,883.097,074
140.154.09187,187,031
Ci2.HW.589
48.124.63^
!0.5O8
24.806.640
7 11", 52
6.068,76-
Philadelphia...
Pittsburgh.....
Baltimore
:
Butlalo
Washington....
Albany
Rochester
5.05f>.50v
6.6-
Omaha
St.
St.
9513,16'
7.040,845
4,935.878
7,330,317
8,036,713
1.664,154
052,099
1,072,279
1,081,653
o25.000
080,364
241,145
Paul
Joseph.
Denver
Des Moines.
Wichita.
Colorado Springs
Cedar Rapids
H'remont
Pueblo
Total other West'rn
St. LOUIS
New Orleans
ibnra
90.078.81
55,362,441
10,877,961
11,987,K91
11.034,180
7.876,000
4.882,944
5,002.763
0.839.202
4.070,986
3.207.1)0
2.863,903
2.939,350
1.868.654
1.432,286
3.000,162
1.3»8.52b
1.669.565
695.865
1,362.482
1,800,000
861,510
Houston
Galveston
Richmond..
,-avannah.
Memphis
Atlanta
Nashville
Norfolk
ort
Worth
Iirmingham
Knoxville
•
4.287.783
3.187.327
+32-7
-1-3
1.28U.40A
1.100 740
+ 04
+51
1
21.17:1,950
L321.49I
1.2-
Potnl
6.503.068
8.67M.362
1,862.311
1.127 011
Columbus, Ga
m iblle
Total Southern
iti.iil2.512
6,767.220
3.669,861
8.737.337
2,858.598
8,623.1
unvllle
.
New
HtO
iimlpeg
LIS
+5 7
+"1
1,108408
742.926
180,158
B00.li
l
\
II
York.
1
+32-2
+ 16-7
29.904,026
6.642.554
5.159,20e
3,6K7,569
4.618.657
2,892.255
2,900,248
564 865
678,123
817,764
+31
+48'8
+462
+81
+ 19 9
+368
+244
+65-0
+9
+469
8,006,667
1,604,009
1,684.040
991.175
677,000
626,442
636.564
647.824
621.394
444,678
4K1.S65
828,129
294.577
286.864
251.691
172.929
181,590
145,000
92,782
tal.
tal.
270.855,830
28,887.030
6.768,923
4.847.7K3
2.980,119
3,764,874
2.440,999
2,135,844
699.688
752.670
807.054
241.014.917
26,191,237
4.877.069
4.936.331
3.841,416
4,013.457
2.054.368
2,095.421
489.812
696,452
244.446
49,380,029
23.344.04O
4,795.1/38
2,276,248
1,865.797
1,051.280
1,009.406
696.476
835,107
19616413
7,070.719
7.161.238
4.867.623
6,136.758
1,907,511
1,644.130
1.687,949
800,386
690.000
514.659
145.374
178 340
78,197.911
59.141,349
19.511.010
11.495.210
9,232,7 16
6,808,500
4.921.090
5.928.249
7,031.795
3.857.095
75.734.312
49.060,147
17.323.645
9,031,474
9.889.64K
5.938.500
3,674,100
6,280,790
1,943,880
3,435,108
74.471, 664
8.724, 59*
2418,015
8.187.708
8,502,101
1.648,193
1,239.999
2,224,007
1 334,786
l,759.:wi
795,809
881,195
785.466
351,141
1.933.830
1,660,159
tal.
1,1 ..9,879
1,705,421
8.357.305
1,133.867
1.410.100
1,131,000
709,405
089,946
48.392,916
14.014.478
9.102 390
9,205.798
4.736.500
4.014.-22
4.273.517
5.832,952
8.233.096
1,843.005
1.6S4 9S3
1,509 981
1,239.201
903,571
2.765.216
L291.144
L123 000
050.000
295.034
tal.
—
8
186.259.692
—0*4 3.016,850,
115,0-801
'10
2.453 601 222
.054,810,844
956,^*7.673
+ 103
879, 18 1, 138
646.011,798
-S.395,161
24.497 ,232
16,273.022
16-0
t 285
25.521.403
86.002. ITO2
16.05.1.903
18.967
ibu ;-o
i
'1615.943
'.704.142
1.900.000
076.454
.080.065
a
.'
1
\
444,263
403,873
430.779
St.
John..
"17
lot..
I
Canada
+ 118
1
,
k.674,408
I
717. Ill
68.458 61
I
35
-I'M
1,886.822
1.110 667
K87.ll
1
Victoria
1
it
2,407.014
1,641.464
.166.150
London
197 i:
6.676.95<t
1,906 107
1.500.646
,229.905
1.062,476
03.889
Hamilton
838.86;
11
L704.924 +87
itioo uver
407.00"
56,803
+88
888,881
878,868
192,613
210.727
Vot Include
cnebec
-84
+7:;
374.955
146,21 1.402
145.10U.757
2.888.809.281 2 839,384.74
illiax
iw
887 7 II
448,10"
408 15'
+ SSt
i.Ooi.wba
+ 191
509,429
785.600
439,310
449,701
472.738
+10-9
+15-9
+35-2
—13-8
+13-7
8108.495
CAJJADA—
Montreal
4-lfl-fl
303,191
4-1-9
850 959
2.1-9 689
878,357
4oi,«o*
Pa...
all
outside
.7
1.0.17.010
...
Chester
Erie
Franklin
1.950.917
1463.381)
L, 103.021
H-la e
734.000
807.306
650,259
651.714
647.009
638.399
478.469
871.764
386.669
418.673
817.660
287.895
813,084
150.000
98,353
+24-2
—5-1
Not include
Louisville..
1.081.380
kea Harre_
e.lns „
Blnitnamton
+15-8
+6-5
4.479,2'VI
1,393.164
+9-9
+ L76
4-13'8
26,634.582
17.294,388
8.180,21a
6,701,718
4,395,009
1,02
Reading
w
1.136.235.218 1.607.219.424
119.866.194
+8-S 109.170.957
+*'4
45.190.121
46.404.3H7
B9.760
3.198.94'',
.ton
Syracuse
Wilmington....
-60
-t-ll-4
+11 6
+204
+865
+5 8
52.484, 97e
•
N*w York
168,984.486
20,025.600
14.618.846
8,880.861
7,686.885
6.783.548
4.834 650
+2P9
+111
185.527.866
83,095.500
15.542.353
r
10,089.08
8.600.782
5.460,196
4.316,100
3.460,907
3,051,791
1.754.083
1.857.554
+37-
23.591.015
88.137.41U
8,182.211
7.038,520
4.lb6,H7b
5.574,754
2.101,982
1,342.619
1.040,771
773,308
1.029.578
626,485
494,018
169,659
Chattanooga
1902
+1P4
—8-2
—0-5
+47 4
— 10
57.365.207
MnCon
1003
155.612,191
+130
27,945,127
24.559,470
Little Rock.
Charleston
entlino Urtober 21
149.870.395
+21
70,030.30b
Augusta
WeeK
4-1V6
+80
+14-7
Kansas City
Minneapolis
Davenport
full details for the
134.023.855
0,617.700
2,503 1110
1.687.019
1.580,419
1.536.820
1.604.817
1.178.302
494,318
650.342
-153
$
187,199,585
11.582.000
2.781.690
1,658.901
1.378.092
1.297,251
1 447.067
918.596
533.353
686.201
450,759
+183
784,83:.'
373,91
1908
Kargo
Sioux Falls
Total Pacific
Sioux City
week covered by the above will be
given next Saturday. We cannot furnish them to-day, clear,
ings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
The
168,556,046
1S5 238.547
22,558.000
13,570.793
10.812,900
8.384,593
6.200,034
4.383,200
3,189,232
3.359.735
1,899,870
1,526,465
1,313,699
546,500
2105.
1903.
312,639
+624
+80-7
270,352
200.000
248,313 —19 5
—1-2
107,435
106,793
771.28- Not iucluoe d into
378.87: Not include d in to
308,412 314
868.483.101 + 12-0
San Francisco
Los Angeles.
1905.
Week Ending October
145.139.237
11,423.900
8.521,267
1,893,679
1.672,449
1,767.030
1.933,965
647,607
535.059
547.711
470.542
I). (J
2L
enilinq October
PUBLISHED WEEKLY.
Terms
i
'.;
y;: al ;."
(
1
4-18-8
10
7
+ 19 „
+7
+
+ 19-6
16511.149
c,
-
i
i
.
roa
,
;,.
8,017.098
-1.594
70.889
t 4": '."'I
1,69! 5^4
1.157.908
1,00
1
1
'
I
m
.ess
t
»
bis
iv
I
448
THE CHRONICLE.
1278
THE "RAILWAY AN J) INDUSTRIAL" SECTION.
Vol. lxxxi.
dan now exists, bankers here are of the opinion
that there will be no special urgency for our gold.
It
ce
I
"Railway and Indus- is quite likely that a postponement of the Russian bond
trial" Section is issued to-day, and is sent to all our sub- flotation will result.
Russian bonds were reported
It contains editorial articles on the following by cable yesterday at 90
scribers.
or down 3 points since
topics
Wednesday, and consequently below the reported
The quarterly number
of our
—
THE CHICAGO FREIGHT TUNNELS.
issue price of the loan.
TIME-FREIGHT SYSTEMS.
"PRIVATE" FREIGHT CARS.
Why
should corporations be picked out from other
progressive agencies, their activities be
THE FINANCIAL SITUATION.
control of an outside
body created
put into the
for the occasion,
and the energizing influence they now exert upon affairs
current week; so far be restricted within and reduced to a narrower field
surroundings the first half of the
as there were any, they were of a favorable character. of action, unless there is very positive and substantial
Less strain in money in Europe was the most notable. reason for the movement ? President Roosevelt has
Only
little changes were observable in the industrial
Simultaneously therewith was a relief in the tension
in the New York market; that is, a decline in call loans
and lower time money were the relative conditions
developed here. It would not be correct to accept
the inference that the decline in
sult of the easier conditions in
money
Europe.
here was a re-
That
in part
was perhaps a fair conclusion. But the let-up in the
monetary strain here was due in the main to the increase in the gross and surplus reserves of our associated banks by the returns of last Saturday, and that
in turn was due to the transfer from the Sub-Treasury
to the depositary banks of a considerable portion of
the Treasury cash holdings and to constant additions
to the outstanding bank-note currency which is encouraged by the refunding operations and the consequent increase in the amount afloat of the 2%
bonds, those bonds showing a considerable profit in
declared within a few days that "they (the corpora-
have shown themselves to be the most efficient
Every man
business implements" hitherto employed.
engaged in business pursuits depending upon unintertions)
rupted confidence for their continuance in the prosperity
now
beyond question.
Hence, having the unequivocal endorsement of the
President as to the superior worth in stimulating
industrial progress of that form of organized effort
and a general belief in accord with and supporting that
view, we cannot help accepting as a basic fact, in discussions and in selecting a policy to be adopted in relation to corporations that we are dealing with, a form
of business arrangement which has long been tried
and has proved itself by that experience to be the
most efficient business implement hitherto employed.
ment
of relative efficiency as true
What
their use for currency purposes.
enjoyed, will accept the President's state-
is it
that has given corporations this prece-
The developments the last half of the week have dence? The answer
been of a much more serious and important character. ings of the prudent
is
plain enough.
Surplus earn-
industrious classes and also past
—
moment
should be mentioned the labor accumulations of capital always on the alert to find
Of greatest
movement in Russia which has been widening through safe lodgement have readily given preference to the
—
,
the whole
empire.
week until now it includes almost the entire
As an influence in the industrial affairs of
,
the United States
it
has thus far been of
little signifi-
they have accepted them
as an attractive form of investment because they
have found them relatively safe and in the long run
securities of such properties;
cance except encouraging higher prices in our bread- remunerative. Consequently they command abundAnd yet such a country as Russia ant resources, for capital always flows into organizastuffs markets.
cannot be in imminent danger of a revolution without tions that have proved themselves fittest instruments
producing caution and an increase of conservatism for stimulating industrial progress. Moreover, large
everywhere. In London, Paris and Berlin, the situa- means is synonymous with a minimum of friction in
tion, especially at St. Petersburg and other large cities, working.
It ensures economy in all sorts of manuhighly disturbing, and that of itself could facture and it makes it possible to secure the best
has proved
not fail to react in some measure on this side of the talent anywhere procurable, as organizers, directors
Contributing somewhat to this reactive in- and workers; hence success is assured from the start.
fluence has been the further material rise in foreign At this point our worthy President comes in with sugAtlantic.
exchange here until the rate has got so near the goldexport point that withdrawals for shipment have been
rumored several times, but have proved unreliable as
The indications though at the moment seem
yet.
unmistakably to point to exports to Paris as an arbitration operation during the ensuing week. The supply
of exchange offering is entirely insufficient to meet the
gestions of changes which would rob the whole
extraordinary requirements to cover the finance
body
power
progress
bills
mature within the next fortnight. Though
there does not seem to be any urgent demand for gold
at Paris, the rate for exchange at that center on London
creates such conditions as to make an export of gold
which
will
of
securities
to investors.
concerned
of
their
attractive
He would do what would
decrease their
earnings and strip the managers of authority to direct
the business they were conducting. Put the men of high-
departments of a live concern
and then expect the same spirit of
est gifts in the various
in leading strings,
and the same efficiency to continue as when
the managers were free agents, is against reason.
The President says: "In my judgment all corporations
doing an inter-State business should be made and held
accountable to the Federal Government." "We
Petersburg should strive to secure such effective supervision over
may grow more acute and become such an influence at corporate activity, such power of regulation over it,
the Continental centers as to cause bankers to offer as to enable us to guarantee that its activity will be
advantageous.
Possibly the
crisis at St.
inducements for the shipments of gold hence. But exercised only in ways beneficial to the public."
unless there shall be greater tension at Continental That is, the company is to be run thereafter under
—
TITK CHRONICLE.
Oct. 28 1905.]
the
management and
which
as likely
is
reason,
if
not
j
to
more
control
of
public
sentiment;
be swayed by hysteria as by
service of another at
of
maliciously
man
Let every
in
business weigh
well these
and others of their kind, for they cover
if
a
words
policy which,
carried out, endangers the existence of "the most
business implement"
— the leader as
any time he
sees
fit.
his grievances publicly or privately, yet
any body
likely.
127<)
men may
to state
man
nor
by
patrons and other persons
The
right of personal libert
property are fundamental
The object and purpose of all law is their
and the right
rights.
no
ruin the business of another
inducing his
not to deal with him.
and
of
private
were
protection.
in producing the wonderful term of progress which has
The increase in the semi-annual dividend on the
been such a feature in the United States during more
epochs.
A significant occurrence evidence of common stock of the Norfolk & Western Railway
recent
the growing enlightenment of the public upon these Company is evidence of the prosperity which that
The semi-annual payment has
great questions, involving so materially the prosperity property is enjoying.
is the state of opinion among the
of industrial affairs
been raised from l}4 to 2 per cent that is the stock
efficient
it
—
—
—
delegates gathered under the call of
Chairman
E. P. Bacon, has been placed on a 4 per cent dividend basis as
Associa- against the previous rate of 3 per cent. The comIn former years Mr. Bacon has pany belongs to that numerous class of American
Air.
Commerce Law
of the Inter-State
week.
gotten up these conventions and used before Congress roads which have been reorganized during the last
the resolutions passed at them as evidence of public decade and which since have been showing marvelopinion in favor of Government regulation of freight ously improved results, advancing to a new high basis
Very few except those wedded to that idea with each succeeding year. Large new capital outlays,
rates.
took interest in the convention or its proceedings. the application of extensive amounts of surplus earntion,
this
This year there has been a great change in the views ings in the making of betterments and improvements,
of the delegates.
They seem
to be divided into
two and the development
camps, both sides claiming a majority. It
appears that the committee which called the convention has determined not to allow any who does not favor
Government control to have a seat in the convention.
The rallying cry of the other side is. "Down with socialism, absolutism and paternalistic meddling with property rights." Whatever is the real outcome, it can
have little influence except as an evidence that this
method of working up a show of public opinion by
hostile
shutting out of a convention
all
with the committee's ideas
is
who
are not in accord
partisan bossism
— not
public opinion.
One other
State has joined the ranks of those
who
had already placed themselves on record as against
interference with the fundamental rights of personal
liberty and of private property.
We refer to a unanimous decision of the Supreme Court of the State of
Washington in a controversy which occurred at
November
of increased operating efficiency,
together with a revival in business and in
all
industrial
upon the removal of doubt as to the
monetary standard, have been the
our
pursuits following
stability of
principal elements in the
new
era.
In the Norfolk
&
Western case it is fair to add the advantage which has
been gained from the restoration of harmony between
the various bituminous coal-carrying lines running to
the seaboard. Previously such fierce rivalry existed
between the competing carriers for this class of traffic
that rates went to a basis where there was no longer
any profit in the service.
The Norfolk & Western could have increased the
rate of distribution some time ago as far as its earnings
were concerned, but it was deemed better to apply the
money to the improvement of the property. The
company was reorganized in 1896 and dividends were
begun on the adjustment preferred shares the very
next year. On the common stock payments were
begun in 1901, the distribution at first being 1% each
December 1902 the semi-annual
conducted a cafe for several years; during that time payment was made 1^% and dividends have been
he built up a large patronage and a successful business. continued at that rate up to the present time. The
As floor manager he employed a man named Kuchl. additional 1% per annum on these common shares will
This man was not a member of the union and hence increase the dividend requirements only $644,692 per
the union demanded his discharge. Jensen refused to year, this last being 1% on the $64,469,200 of
accede to that request and refused also to have any- common stock actually outstanding. As already
thing to do with the action of Kuchl in that regard. stated, the company has been making large approThe result was that a strike of the union employees priations out of earnings each year for betterments and
followed.
Thereupon the union organized a body of additions to the property. In 1904-05 $2,250,000 was
pickets and stationed them about the entrance of the applied in this way; in 1903-04 $2,000,000 was so
cafe, especially at meal hours, calling the cafe a scab applied; in 1902-03 and 1901-02 the amount was
place, an unfair place, and otherwise attempted to $2,500,000 each year; in 1900-01 the sum allowed was
persuade persons from entering. Under these cir- 1 1.500 ,000, and in 1899-1900 the contribution was
cumstances Jensen brought an action against the $1,500,000. Thus in the six years $12,250,000 has
Seattle
in
1904.
Jensen,
the
plaintiff,
six'
months; but
in
—
union and their abettors, complaining that the union been taken out of earnings for this purpose a very
had entered into an agreement to crush him, and that large amount for a small system. In 1904-05 a surplus
were largely decreased in consequence of of $2,699,995 remained after the payment of all
these acts, obtaining an injunction restraining the de- charges and 4% dividends on the preferred stock and
fendants from their wrong-doing. The court, by a
on the common Stock. The payment of 4% on the
unanimous decision, held that the proceedings of the Common stock would have reduced this surplus, as
union were illegal and that the injunction should already indicated, by only 1644,092. Out of the
stand.
The court further declared that, although a $2 ,699, 995 surplus for the twelvemonths, $2,250,000,
man, or any number of men, has the right to quit the afl noted, was applied towards betterments and addihis profits
THE CHRONICLE.
1280
tions.
current
good.
The prospects
fiscal
for
year would
The company's
still
better
appear
to
earnings the
be
decidedly
traffic consists largely of coal
and other minerals, and with the iron and steel trades
in a state of unwonted activity, and general business
also thriving, the traffic in these items seems certain
As an indication of the conditions preto increase.
vailing, it may be noted that for July and August 1905
gross earnings have increased $759,816 as compared
with the same two months in 1904 and net earnings
have improved $171,513. The September figures are
not yet available.
There was no change in official rates of discount by
any of the European banks this week; unofficial or
open market rates were, compared with last week,
of 1%
steady to firm at London and Paris and
One incident of the
higher at Berlin and Frankfort.
week was the outbreak of labor disturbances in
Russia, which had the effect of paralyzing the transportation lines throughout the Empire and especially
those in Southern Russia and in the vicinity of St.
Petersburg and Moscow. These disturbances would,
it was thought likely, compel the postponement of the
negotiations for the new Russian loan and perhaps
cause a readjustment of the terms which had been
agreed upon for this issue; Russian securities fell
heavily in all the European markets.
The feature of the statement of the New York
%
Vol. lxxii
our special cable from London, the Bank of England
lost £239,440 bullion during the week and held
£31,923,525 at the close of the week. Our correspondent further advises us that the loss was due to
imports of £535,000 (wholly bought in open market),
exports of £1,055,000
which £1,020,000 to
Egypt, £30,000 to South America and £5,000 to
Gibraltar), and to receipts of £281,000 net from the
interior of Great Britain.
The foreign exchange market was strong again this
week, and it continued to be influenced by the demand
to cover maturing finance bills.
There was some inquiry to remit for mercantile settlements and also for
to
(of
sold for European account.
The relaxamonetary tension at this centre and the maintenance of firm rates for discounts abroad contributed
to the strong tone, and there was a very small supply
of commodity bills, while such bankers' drafts as
came upon the market in the regular course of business were in limited volume.
It was regarded as probable that the labor disturbances in Russia, which had
securities
tion in
resulted in the suspension of transportation facilities,
would have the
effect
of stimulating the
inquiry for our breadstuffs; but even
the case, the
volume
of bills
if
this
European
should be
drawn against these com-
modities would be scarcely sufficient to
an impression upon the market.
make much
of
was reported
that while the November maturities of finance bills were
smaller than those for October, there were quite large
Associated Banks last week was the increase of $2,- amounts of these drafts which would fall due during
371,750 in the surplus reserve, through a gain of the first half of the month, ^and provision would have
$1,797,200 in cash and a reduction of $574,550 in to be made for their cover by the purchase of sight
One feature of
reserve requirements; the surplus now is $12,583,150. exchange during the next ten days.
Loans were contracted $3,594,200 and deposits were the week was a somewhat urgent inquiry for cable
reduced $2,298,200. The bank statement of this transfers incident to the semi-monthly settlement on
week should reflect, among other items, the transfer the London Stock Exchange whick disclosed a large
Exchanges of bull account in Americans.
hither from San Francisco of $500,000.
Much interest was manifested in the movements of
refundable bonds thus far have amounted to $34,the Paris rate for exchange on London, especially
276,750.
after the middle of the week, for calculations showed
The market for money seems to have been restored that a comparatively slight fall in that rate, provided
Money on call, represent- there should, concurrently, be a further advance in
to more normal conditions.
ing bankers' balances, loaned at the Stock Exchange sight sterling at New York on London, would make
during the week at 4J/£% and at 3%, averaging about possible the export of gold hence to Paris as an arbi3%%. Banks and trust companies loaned at 3J/^% tration operation. On Thursday the local exchange
On Monday loans were at 4^% conditions appeared to favor such a movement, and
as the minimum.
and at 4%, with the bulk of the business at 4J^%. On though Paris exchange on the British capital declined
Tuesday transactions were at 4^% and at 3%, with only one centime, there was a report of the engageOn Wednesday loans were at ment of 2 millions of gold by one of the leading bankers
the majority at 3%%.
4H% and at 3%, with the bulk of the business at for shipment on Saturday. The report was not con334%- O u Thursday transactions were at 4% and firmed, but it was admitted that if the local market
On Friday loans continued strong, as it probably would, judging from
at 3%, with the majority at V/2%.
were at 4% and at 3%, with the bulk of the business the active bidding for exchange for next Tuesday's
Time contracts were only in moderate steamer, there might be a shipment of a moderate
at 324%.
request and chiefly for the longer periods of maturity. amount of gold to Paris during next week; much, howRates for 60 days were nominally 5%. For 90 days to ever, would depend upon the course of Paris exchange
four months the quotation was 4% and for five to six on London. Gold received at the Custom House durmonths 43^@4%%. Commercial paper was dull at ing the week, $152,608.
4%@5% for sixty to ninety day endorsed bills receiv- Nominal quotations for sterling exchange are 4 833^
able, 4%@5% for prime and 5^@6% for good four @4 84^ for sixty day and 4 87^ @4 88 for sight. The
market was active on Saturday of last week, and
to six months' single names.
compared with the previous day long was 20 points
The Bank of England rate of discount remains un- higher at 4 8310@4 8320 and short and cables 5 points
changed at 4%. The cable reports discounts of sixty at 4 8670@4 8680 for the former and at 4 8730@4 8735
The for the latter. On Monday long rose 5 points to
to ninety day bank bills in London 4@4J^%.
open market rate at Paris is 2J^@3% and at 4 8315@4 8325, short 10 points to 4 8680@4 8690
On Tuesday
Berlin and Frankfort it is 4^@43^%J According to and cables 15 points to 4_8740@4 8750.
It
-
Oct. 2S
l^«»5.
THK CHRONICLE.
i
and the market
long was unchanged
was
points lower for short
easier, closing 5
shade
a
at
8680(5)
1
On
8740(5 1 8745,
8685 and 5 points for cables at
Wednesday the tone was strong and 10 points higher
A
t
1281
League";
mands may be judged by
iis
under
canvass
paign is pursuing its
"Municipal Ownership
heading
the
particular
its
de-
the following extracts from
Platform adopted on October
ll'th:
the immediate establishment and
operation by the city of a plant for the selling and
4 8685(5 4 8695 and 10 points for cables at 4 8745(5
distributing of gas to all the citizens.
The market was active and higher on Thurs4 S755.
"We demand for the people gas at half the price now
8335(5
day at an advance of 10 points for long to
charged at a price that will make heating by gas in the
4 S345. of 15 points for short to 4 87(5 4 8710 and
humblest homes cheaper than heating by coal at the
20 points for cables to 4 8765(5)4 8775. The tone was present extortionate coal rates.
•'During the coming mayoralty term of four years
strong on Friday at an advance of 15 points for
the city will grant subway franchises the value of
long, of 10 points for short and 5 points for cables.
which is so great that it can scarcely be estimated. It
The following shows daily posted rates for sterling- runs into hundreds of millions of dollars. All of this
exchange by some of the leading drawers.
should remain the property of the people.
"We demand the construction of these subways by
Fri..
Thurs.,
Wed..
Fri..
Oct. 25 Oct. 26. Off. 27.
Oct. 20
the city, and their operation by the city as soon as the
160 days 4
Brown
city shall be legally and financially able to undertake
SUM.. 4
Bros
80 days 4
their operation; profits to be devoted to the comfort
Barm.-.
Sight.- 4
Manoun i Co
4
Bank Hrinsh
\60 days
and lowering of fares for the people, to the lowering of
/Sight.. 4
North America
160 days 4
Bank of
taxes, to better pay and shorter hours for employees."
for long
4 8325(5
at
1
8335,
points
10
short
for
"We demand
at
l
,
i
i
Sight.. 4
160 days 4
Montroa!
<:i!i:v.luin
Hank
Commerce.
of
Lazard
pnraa
Merchants'
of
It will
Siclit.. 4
days 4
/Sight.. 4
160 days 4
(sight.. 4
100 days 4
../Sight.. 4
Heidelbach. Iokelheimer A Co
I'.anW
Canada
\W
is
be observed that the tone of this declaration
on the ground
be accomplished
distinctly a bid for public support,
that certain things both can and will
under the municipal ownership plan in the direction
and increasing wages. The candidate running for Mayor on this platform has abundantly supplemented the pledges of the platform by
promising both these results as a matter of individual
achievement in office. He has laid stress on the
promise of higher wages for employees of the city, or, as
it was expressed in a speech of last Wednesday, he will
"pay decent wages to the deserving men in the depart
i -The following gives the week's movement of money
This pledge must be interpreted in the light of
ents."
to and from the interior bv the New York banks:
the fact that the wages already paid to such employees
Xet Inter It
Received by
Shipped by
Week ending Oct. 27 1905.
are so guarded by our ordinances and statutes already
Movement.
X. V. Hanks.' X. V. Banks.
$0,094,000
$G. 609.000 Loss
$515,000
Currency
existing as to bring them well above the prevailing
144,000
947.000
1,091.000 Loss
Gold
rate for similar services under private employment.
$659,000
$7,041,000
57,700,000 Loss
Total gold and legal tenders.
The first comment to be made on this scheme of
With the Sub-Treasury operations the result is as enriching the people through public ownership of
The market closed on Friday at 4 8340@4 8360 for
long. 4 S710@4 8725 for short and 4 8770@4 8780 for
Commercial on banks 4 8310@4 8325 and
cables.
documents for payment 4 82%@4 84. Cotton for payment 4 82%@4 82>£, cotton for acceptance 4 8310@
4 S325 and grain for payment 4 83^@4 84.
of lowering prices
.
follows:
utilities
Week endinf
Oct.
1905.
27
Banks
interior
movement as above
Sub-Treasury operations
Total gold and lecal tenders
The
$659,000
1.000.000
$31. S00.000 Loss $1,659,000
S30.141.0O0
amount
of bullion
European banks:
October 27 1904.
oj
Gold.
£
31,923,525
116.62S.990
ormany. 31.291,000
Russia ... 115.370.000
A •:« -Hun. 45,541.000
Spain
14.969,000
24.900,000
VothTda .
6.599.100
Nat.Belg..
3.244.000
F.ncland..
Franco
43.782
10.430
4,324
12.055
22.469
3.166
5.963
1.022
Total.
Gold.
£
Silver.
£
Silver.
Total.
£
... 31 923.525 36 620.226
... 36 020,226
456 160 391.446 104 353,886 44.000 721148 354,607
000 41 .721.000 33 192,000 11.064 000 44 256.000
000 119 .694,000
746.000
7 °3° 0011104 978,000
000
,596,000
237.000 I2|062 000 00 299.000
000
.438.000
827.000 20.034 000 34 861.000
100
.066,100
.042.000
3,424 300
.466.300
100
.562,200
.520.800
6,052 .700
.573.500
000
,866.000
298,667
1,649 333
.948,000
Tot. w<v»k. 390.466.015 103.791.656 494.258.271 365. B37, 579 105.519 054 171 356 633
Tot. prev. 388.965.206103.317.845 492.283,241 363.952.602 105.412,039469.364,701
it
necessary to discuss the shifting phases of the
now
in
progress in
There is. however, one incident of tincampaign which calls for discussion on the broad
this
city.
to
make on
this side of the question in a
recent speech:
"The Constitution has limited the borrowing
capacity of the municipality to 10% of the total assessed
valuation.
We have a margin for future indebtedness
of about $40,000,000 only.
"In face of this Constitutional provision and with
this inadequate sum, it is an absolute legal, physical
and financial impossibility that any further rapid
transit routes can be undertaken by the city alone and
unaided. If we cannot use private capital, if we must
use our own credit exclusively, then w-e can have no
new rapid transit routes; yet people are clamoring for
additional rapid transit facilities, and these enemies of
municipal control would deny them what is clearly
appears to us that this disposes wholly of the
proposition
framed
by
the
Municipal
League, so far as involves anything but
dream
for the
however, that
remote future.
it
is
We
Ownership
a
Utopian
hardly need to say,
not in the sense of
a
distant
Golden
the pledges are taken by the citizens who
listen to the speeches made in behalf of thai platform.
What is Obvious at the start is that no ii"\\ Mayor or
Age
that
new administration can
possibly redeem those pledges
with the debt limitations of Xew York what they
movement for municipal owner-hip. are to-day, and along with this comes the knowledge
of the tickets placed in nomination at this cam- of all experienced men that
popular resentment
principles.
It is
to the so-called
One
comment
It
not our habit to take sides in a political campaign, except where the principles represented in such
campaign are of a character that touch on broad
questions of finance.
For this reason we have not
It is
felt
but as Mayor of the city, had some practical
their right."
MUNK 'IPAL OWNERSHIP.
extraordinary municipal contest
Mr.
MeClellan, speaking not primarily as a candidate for
office
October 26 1905.
Bank
in
Hank Holdings.
$7,700,000 Loss
24,100.000 Loss
$7,041,000
23,100.000
following table indicates the
in the principal
Xet Change
Out of
Hanks.
Int*
Hank a.
involves the question of practicability.
needless to say that in this
we
refer
THE CHRONICLE.
1282
[Vol. lxx3I
over failure to redeem such pledges would leave the Mayor Dunne to give his views on the Chicago situation,
political situation vastly worse than it is to-day. he virtually stated that the project was impracticable.
These plain and proper considerations make us regret We imagine that the plain common sense of the New
have deemed it
necessary to enter into competition with Mr. Hearst in
the making of these bids for support on the basis of
such promised experiments.
That municipal ownership on the plan proposed is
If the situimpracticable, may thus be easily shown.
the
more that
Mr. Ivins
should
York community
reach
will
Ex-President Cleveland's reference, in his published
Thursday, to the "rank hysteria pervading
a canvass which should especially be characterized
letter of last
were not accepted as a proof,
recent experience of Chicago ought to be convincing. political hysteria is not apt,
In that city, the experiment of redeeming promises majorities on election day.
for immediate municipal ownership has been tried
and has broken down in most humiliating failure.
Mayor Dunne, a well meaning and patriotic citizen,
was elected on his promise of such immediate acquisition of the city transportation facilities;
himself, within
two or three months
he found
of his accession
to office, confronted with a practically impossible
In Chicago, to be sure, there did not
situation.
seem to be, what there certainly would be in New
York, a
The
flat refusal of existing enterprises to sell out.
real trouble
was that the
cost of such acquisition
proved on the estimates to be so enormous as to be
wholly beyond the reach of the city's resources.' There
was
the alternative of constructing parallel lines;
left
needed only a limited intelligence to see what
No doubt, fares on the transportathat would mean.
tion lines would be reduced, under such competition,
The finances of the municipality
to very low figures.
backing the new experiment would, however, necessarily pass in a degree through the experience suffered by railway companies during the prolonged period
With
of parallel lines and rate wars in the eighties.
the railway companies, this meant bankruptcy;
with the city, it would at least mean tangled finances
and largely increased taxes. It is no wonder that the
municipal ownership scheme at Chicago has come to
an absolute halt, and that no one inside or outside
but
it
the administration
same conclusion.
by sober thoughtfulness," is a fair description of the
manner in which the "municipal ownership" issue
the was first injected into the present campaign.
But
New York
ation in
the
is
in this
country, to poll
RELATIONSHIP OF RAILWA YS TO THE PUBLIC.
An address on rate regulation at the monthly meeting
on October 16, by
Mr. John D. Kernan of Utica, seems to have taken its
key-note from the proposition that there is an overwhelming public sentiment in favor of rate regulation,
which sentiment has been recognized and taken up by
the Executive but is, as yet, resisted by the Senate.
Now, apart from the many aspects of this subject
which have already been considered, it is of very considerable importance to know whether any such public
demand exists. Public opinion, even if it is the final
arbiter under a popular government, may not always
be sound at first; it may be imperfectly informed, or
of the Manufacturers' Association
it
may
act hastily out of impulse; yet
there
mistake at the outset in conceiving that such a
as this exists, such a mistake
To quote from a
is
is
a
demand
serious.
distinguished
authority,
the
Message to Congress just four years ago, "it must not
be forgotten that our railways are the arteries through
which the commercial life-blood of the nation flows;
nothing could be more foolish than the enactment of
legislation which would unnecessarily interfere with
the development and operation of these commercial
Certainly this is both strictly true and
agencies."
Is there a necessity for such interwell expressed.
to-day able to predict the out- ference?
Is
there
any
real
public
demand
There has been no evidence of any.
come.
if
for it?
While there
appears to us that this whole movement for undoubtedly are, and naturally must always be exmunicipal ownership, as at present advocated in this pected to be, some cases of dissatisfaction with rates,
It
mind between and while there are some abuses, such as rebates and
control of municipal franchises and acquisition of private car extortions, we doubt whether there is any
As to the first, the battle large or general dissatisfaction with railway manageexisting municipal utilities.
fairly fought and, in New York at least, has ment.
Surely such dissatisfaction is not to be inferred
has been
been won for the city and the people. But even if it a priori, as by saying that there is ample cause for it
were possible to apply the plan of municipal ownership and therefore it must exist. The demand for forcible
on the basis of original construction of such lines by rate reduction by governmental agency seems to be
country,
results
from
confusion of
with no such lines already in existence, artificial rather than real; it has been industriously
we are of opinion that the experiment would be costly fomented; it is not spontaneous, and yet there is
and disastrous, and we are strongly confirmed in this nothing new about it.
opinion by the promises of higher wages and remitted
Since it is specious on its face and serves as a rallying
taxes made in the municipal ownership campaign point for every variety of dissatisfaction, including the
this month.
Let one imagine for a second a railway desire of the drone for the honey, there is an unorganstarting with such promises, and conceive ized popular notion that a railroad is a devouring
enterprise
the
city,
But, monster, and this is the theme of a tale by a brilliant
The
as a matter of fact, the situation is not even so simple w riter, the late Frank Norris, "The Octopus."
It is not a question of purchasing an original scene is the San Joaquin valley in California, assumed
as this.
plant; it is a question of buying out utilities in which to be just discovered as to its wheat-growing capacity,
enormous sums have already been invested, and and given to wheat. The story relates that only one
which could not be taken from their present owners railroad passes through and dominates this. A half-
what future he should properly predict
for
it.
T
by any
species of confiscation.
This, and the great
dozen ranchers have divided this valley up, buying
sections in fee and occupying the alternate sections,
extravagance of public operation as witnessed in this
country, were the points which Mr. Dairy mple of which are in the road's land grant, upon easy faith in
Glasgow had in mind when, after being summoned by its assurances that they shall have preferences when
1
THK CHRONICLE.
Oct. 28 1905.
come
and that the price it does this.
include the value of improve- ways should
the reserved sections
This
acre.
stated in a circular inviting settlement
is
own
their
2s:i
In the character of octopus, the
to sale,
not be put up to
ments, but shall stand to them at the original $2 50 per
shall
1
rail-
the great corn crop of 1905 for
benefit; does any sane person imagine that
seize
they will?
When the engineer in the tale learns of the rate
not in contract form; yet these ranchers put
When the time has come and just as an which we are given to infer has been purposely raised
faith in it.
enormous crop is in sight—the octopus springs its to destroy him, he demands upon what principle
and
is
—
them
trap, re-grades the lands, offering
at
$20
to
to
any
The ranchers are beaten
$30 an acre.
takers
in
I
he
arm themselves to forcibly resist disposthey meet the invading party, are fired on
courts; they
39 ion:
while off their guard and shot
down
at their
own
doors;
the wife of one of the murdered literally dies of starva-
San Francisco, while her young
daughter is driven by hunger into a life of shame; the
season's crop goes in part to waste, and the scene closes
tion
park
a
in
in
The
tale further relates that a big engineer
who
the road rather than suffer a cut in wages thought
left
he saw a prospect in hops.
market
rate to
is
two
He
is
.
.
.
means
ciple
has
told that the freight
cents per cwt.; so he puts in his
home, mortgages his future
crop as well to an agent of the road, and goes into hopgrowing with roseate hopes. As the crop is ripening,
he finds the rate is now five cents, and he sees ruin
before him.
He gives up everything; he consorts with
an anarchist saloonkeeper, and drinks heavily; he
abandons the crop to waste in the field, while he
broods himself into madness; he holds up a train, robs
it, incidentally killing a brakeman; is driven to the
mountains as an outlaw, is finally hunted down,
caught, and sentenced to life imprisonment. The
savings, mortgages his
—
Translated into railway language, the printhis: the total railway revenue is made
up of rates which, in case of traffic unable to bear
a high rate, are so low as to cover hardly more than
actual out-of-pocket expenses; which, in case of
medium-class traffic, cover both out-of-pocket expenses and a proportionate part of the unapportioned
.
in ruin.
—
made, and is answered in the words which
have become a phrase "all the traffic will bear."
Mr. W. M. Acworth, one of the four governmental
delegates from Great Britain to the late International
Railway Congress held in Washington, treats this
phrase so well, in his volume on "the Elements of
Railway Economics," that we cannot forbear quoting:
"To charge what the traffic will bear is, in other
words, not to charge what the traffic cannot bear.
rates are
and which
finally, in case of high-class traffic,
covering that traffic's own out-of-pocket expenses, leaves a large and disproportionate surplus
available as a contribution towards the unapportioned
expenses of the low-class traffic, which such traffic
itself could not afford to bear.
This, in principle and
outline, is the system of charging what the traffic
will bear.
It is the system which
the point must
be reiterated is, always has been, and as far as w^e
can see always must be; adopted on all railways,
whether they be State enterprises or private undertakings. It is a system .... in the interest of the
public, because traffic is thereby made possible
crop is of course lost.
which could not come into existence at all if each
The point is that this tale expresses in a catchy way item was required to bear not only its own direct
the popular notion that a railroad is somehow a expenses, but its full share of all the standing charges."
devouring monster. It developed wheat-growers and
This could not be more pithily or unanswerably
destroyed them;
that.
it
grew a crop
of hops,
cost;
after
—
—
and destroyed put.
Instead of carrying the crop for money,
it
In a sense, railways do what the labor unions
mistakenly attempt to do: they load the strongest
and left it to rot on the ground.
in order that the weaker may be enabled to live; they
might be capable of tricking over- do this, not from any socialistic or altruistic idea,
blasted the crop
A
railroad
trustful
men
missible
to
in the
matter of land
sales.
consider corporations soulless,
ad- but because their own interests suggest it.
but not
The theory upon which a more drastic and sweeping
It
is
them brainless*. Corporations do not grant of power is asked by and for the Inter-State
choose suicide, and the monster which destroyed its Commission is this: that the railroads are of the
to
consider
own
sources of food would
The
fact
which needs
into the heads of all
fare
upon
railroads
is
doom itself to starvation.
to be somehow or other beaten
who are concerned in the war-
octopus class, and
tion
if
will
oppress to the length of destruc-
they are permitted; that the people need con-
stant protection from them;
that a board of arbitrastand or tion needs to be always in session; that the concenthat a railroad must
with the growth and prosperity of the section trated power of the nation, committed to an imparin which it lies.
There may be prosperity in Maine, tial central board, is necessary as a bulwark against
fall
but unless there is prosperity in Illinois the Illinois oppression. The demand cannot be put on any
road must languish and die with its own section. milder ground. Yet isolated facts exist in abundance
The road may make its mistakes; it may be oppres- which disprove it, and it is disproved overwhelmingly
sive, possibly, in individual instances; it may sin with by the nature of the case.
Between carrier and
rebates or the like somewhat; but on the whole
it will
study and strive to increase (because for its own sake
Their
it must) the prosperity of the people it serves.
crops are its crops; if they have nothing, it can take
nothing from them.
As a te
-e, consider the active efforts
by certain railways, as told
in the
people there
"Chronicle" from
time to time, in stimulating the building of improved
roads and in starting the cultivation of new crops and
founding new local industries; how preposterous to
suppose that a corporation would do this, and then
a community of interest, not an oppo-
NORTHERN
We
made
is
sition.
PACIFIC'S PROSPERITY.
week the annual report of the
Great Northern Railway Company and dwelt upon
he successful results achieved
The Northern Pacific
Railway Company has a record of growth and development and of prosperity no less noteworthy than
In some respects,
that of the Great Northern.
reviewed
last
t
indeed,
.
the
achievements
in
the
would impose rates which would throttle the very case may truthfully be declared
things it had been encouraging.
If it is an octopus; ,remarkable.
For the regeneration
Northern Pacific
to be even more
of
that property
THE CHRONICLE.
1284
is
The
Company
old Northern
Railway Company,
as successor, took possession of the property on
September 1 1896; so the report now at hand is only
In
the ninth made by the reorganized company.
this interval of nine years how marvelous have been
and the present Northern
Pacific
and the creation of
traffic through the lowering of freight rates, and
the development of operating efficiency with the
fostering of industrial enterprises
new
(5)
view to diminishing the cost of the transportation
service per unit of traffic, thereby making possible the
lowering of rates.
the changes.
The progress
Vol. lxxxi
purpose; (3) the judicious construction and acquisition
was foreclosed in July 1896 of new branches, feeders and extensions; (4) the
a matter of very recent history.
Pacific Railroad
|
of
company
the
attracts particular
attention at this juncture, for through the liquidation of the assets of the Northern Securities
the Northern Pacific has resumed
independently-controlled company.
interests are of course
dominant
in
its
Company
position as
an
The Hill-Morgan
the management,
As for the means placed at the disposal of the new
company, it is only necessary to turn to the present
report in order to see what has been done in this way.
The provision of cash under the reorganization plan
was $5,000,000. Land sales have provided $14,214,963 more in the nine years. Adding now the bond
issues and bond sales in the same period, and some
minor items, it will be found that the total amount
very large
matter they
and for that
interest in the property
minority interest in the Great available for the uses of the company through the
also hold a very large
so-called Betterment and Enlargement Funds up to
Northern Company.
In the period covered by the present report the June 30 1905 was no less than $43,042,869, of which
year ending June 30 1905 the company made a $42,427,293 has actually been expended for new
new branches and extensions,
further addition to its gross earnings (on substantially equipment, for
but the Union
Pacific
people
retain
a
—
—
—
—
the same mileage) in the large sum of $4,198,311 and a etc., etc.
In addition there have been the appropriations out of
further addition to its net earnings of $1,624,095.
This brought the total of the gross earnings up above earnings for improvements and betterments. These
50 million dollars— $50,722,886. Nine years before,
in the twelve months ending June 30 1896 (the fiscal
year immediately preceding the organization of the
new company) the aggregate of the gross earnings was
only $19,863,159. From this the reader will get an
Of
idea of the expansion which has taken place.
course the company is now operating more road.
Aggregate mileage June 30 1905 was 5,325 miles, as
against 4,345 miles on September 1 1896. It will be
observed, however, that the addition has been not
quite 1,000 miles, or less than 25%, whereas the
increase in gross receipts in the same period of nine
years has been considerably over 150%.
The income account for the twelve months ending
June 30 1905, as now disclosed in the annual report,
makes a showing which for favorable results is surpassed by few other large systems in the country.
Including in come from investments, the company had
available net income for the twelve months of $24,234,694. The fixed charges took only $7,108,453.
This left $17,126,241. The company distributed 7%
in dividends on the stock (the same rate that the
Great Northern Railway Company is paying) and the
Then an approcall for that purpose was $ 1 ,850 ,000
priation for additions and betterments to the property
was made of $3,000,000. Even after this appropriation and the dividend a surplus of $3,276,241 remained
For
on the operations of the twelve months.
a company which only nine years before had
its
owing to
inability
to
reorganized,
be
to
meet fixed charges, this is ertainly a striking trans.
have been
In the late year, as
of large proportions.
already stated, an even $3,000,000 was appropriated
for
purpose.
this
In each of the three preceding
years there was an appropriation of a like amount,
making
for the four years $12,000,000 together.
1901 $2,011,285 of income was applied in the
way
In
same
In 1 900 the contribution was $3 ,000 ,000 while in
1899 the amount so set aside was $2,176,619, and in 1898
Hence, w e get an aggregate for the eight
$811,709.
,
.
:
sum
years in the large
of
$19,999,613.
But
this
represents
simply
earnings.
There has also been each year a surplus
the
specific
appropriations
from
over and above these appropriations and the amounts
required for the dividends paid.
also
gone into the property
in
Such surplus has
one shape or another
either to strengthen its physical or its financial condition.
From
the balance sheet
it
appears that the
aggregate of such accumulated surplus on June 30 1905
stood at $14,381,219.
.
In other words, counting surplus revenue as well as
specific appropriations of income, a total of over 34J4
million dollars has gone into the property during the
nine years making with the amounts provided
—
through the Betterment and Enlargement Funds
over 77 million dollars.
As to the policy being pursued in developing and
extending the
traffic
of the system, the late year's
results furnish a capital illustration.
It
was stated
above that gross earnings in that year had increased
$4,198,311 as compared with the twelve months
Of this increase $3,862,210 was contribpreceding.
uted by the freight department. Turning now to the
formation.
After all, however, the success of the Northern freight statistics, it is found that the number of tons of
Pacific Railway is no more surprising than that of the freight carried- in 1905 was actually smaller than that
Great Northern Railway Company. For the methods carried in the preceding year, the comparison being
pursued in building up the two properties have been 13,036,789 tons against 13,283,477 tons. On the
the same, only that in the case of the Northern Pacific other hand, the number of tons of freight moved one
the work was begun at a later date. The causes that mile increased 673,992,179 tons, or over 18%. The
have contributed to bring the property to its present significance of such a showing should not be overlooked.
prosperous state may be summarized as follows: (1) There was evidently a falling off in the local or shortthe physical and financial rehabilitation of the property haul freight and the loss was made good by an increase
through the raising of enormous amounts of cash, (2) in the movement of long-distance freight. On this
the utilization of available net income for the same point it is worth noting that the average length of the
1
THE CHRONICLE.
Oct. 2S 1905.
haul in 1905 was 334 miles, as against only 277 miles the
THE
previous year.
The
will
It
meaning
be
of
recalled
all
that
this
is
perfectly
ST.
plain.
when the Burlington &
Quincy was acquired in the joint interest of the
Northern Pacific and the Great Northern, Mr. Hill
stated that one of the purposes of the acquisition of that property was to promote the interchange of commodities between the different secWith
tions in the western half of the country.
lumber might
sufficiently low rates, Pacific Coast
find a market in Burlington ct Quincy territory, while
some of the things produced in Quincy territory might,
in turn, be disposed of on the Pacific Coast or be
exported thence to China, Japan and other parts of
I
1-285
AWIS & SAN FRANCISCO SYSTEM
AS ENLARGED.
The annual report
Railroad
of the St. Louis
Company
shows
that
& San Francisco
company has
this
passed through a trying period in a very creditable
We call it a trying period because on the one
fashion.
hand the agricultural outturn in the territory served
system was not particularly good
in either 1904 or 1903 and because, on the other hand,
the company had greatly increased fixed charges to
by the
lines of the
meet on account
of the large
amount
of
new mileage
As has been many times pointed
built or acquired.
out in these columns, the road has been completely
transformed during the last few years. From being a
Expectations in that regard are evidently being comparatively small system, it now ranks with the
Asia.
realized, and the growth in the tonnage movement one large systems of the day in point of mileage.
In the present report operations are based on an
are deriving benefits from this interchange of com- average of 5,030 miles, and this is exclusive of the
modities as well as the communities served.
mileage of the Chicago & Eastern Illinois Railroad,
mile indicates that the railroads engaged in the work
is
in
Of course the development of long-distance traffic the accounts of the latter being still kept separate and
Taking this fact distinct. Only four years ago, in 1901, the average
possible only through low rates.
conjunction with the absolute reductions in rates length of road operated and included in the report was
made
not surprising but 1,686 miles. In this earlier year aggregate gross
that the average received per ton per mile should earnings were only slightly above 10 million dollars,
For the late year this average was being $10,173,697. For 1905 the aggregate of gross
steadily decline.
that are being
in local traffic, it is
only 8.32 mills per ton mile, as against 8.80 mills in
the previous year.
it is
Going back
to the fiscal year 1896,
company then realized an average of
ton mile. To ensure profitable results
seen that the
earnings runs close to 30 million dollars— $29 ,958,240.
If other income be included, the total exceeds 30
million dollars, the
amount being $30,790,353, and
with $10,284,867 in
under this great reduction in rates necessitated a 1901. Net revenue is larger now than the gross
In this respect revenue was four years ago. In other words, net
great increase in operating efficiency.
the effort was to bring the Northern Pacific by degrees earnings from operations for 1904-05 are $10,661,223,
11.30 mills per
the comparison in that case
is
up to the standard attained by the Great Northern. against only $4,328,690 for 1900-01.
The enormous expenditures for the physical rehabiliIn both financial and railroad circles there has been
tation of the property, enumerated above, were an not a little discussion at times as to what the outcome
indispensable prerequisite to that end. Careful atten- would be of this experiment in adding so much mileage
Of course,
Accordingly, the train- within a relatively brief period of time.
tion to details did the rest.
load of revenue freight in the late year was 366 tons, some of the mileage acquired was of proved earning
The result is, that capacity, such for instance as the Kansas City Fort
as against only 193 tons in 1896.
notwithstanding the great reduction in the interval in Scott & Memphis and the Kansas City Memphis &
the rates realized, the trains in 1905 earned $3 10 per Birmingham, as also the Chicago & Eastern Illinois,
mile run against only $2 22 per mile run in 1896.
company
though the accounts of
this last-mentioned road, as
kept separate, and its mileage
tons.
Of course this is even yet does not form part of the 5,030 miles of road included
much below the record on the Great Northern, the in the late year's operating results. Nevertheless, a
train-load on the latter the late year (company and considerable portion of the added mileage comprised
Including
the late year
freight, the average train-load in
already stated, are
still
was 428
commercial freight combined) having averaged 576 new
can be counted
tons.
upon at the start. We may instance the St. Louis
With its large surplus earnings the company's hold- Memphis & South Eastern Railroad (which latter was
ings of cash are each year becoming more imposing. taken into the system on July 1 1904) as a type of this
lines
on which a
light traffic only
The net addition to the funded debt during the twelve class of mileage.
months was only $876,963, though the charges to
By the critics of the policy of so decidedly enlarging
capital account for new property during the twelve the confines of the system, the year just passed has
months aggregated 84,417,891. Nevertheless, accord- been generally looked upon as the crucial period in the
ing to the balance sheet, the company on June 30 1905 company's history.
And doubtless this view was
had 817,738,325 of "cash on hand and in banks." correct if one is justified in having looked for a crucial
This was entirely independent of 81 ,253,671 of cash in period at all. The reason for the statement will
hands of trustees of sinking funds, 8729,739 of cash in appear when we say that in the late year there was an
the hands of the Mercantile Trust Co. to the credit of
increase of no less than $1,542,370 in
the Betterment and Enlargement Funds, and various
smaller amounts of cash in various minor funds.
and sinking funds on
interest,
rentals
the
top
increases of the years immediately preceding,
call
for
oi
the
with
Counting securities in the treasury, bills and accounts those who entertained fears lest the strain of these
receivable, and 82,948,912 of materials and supplies on added charges prove too severe, the question aski
hand, the total of current assets June 30.1905 footed was, could earnings be depended upon to increase in
up $43,686,067, against current liabilities of only proportion to the expansion in charges or, to be strictly
$15,075,318 and contingent liabilities of $813,658.
accurate, would the company be able to show income
THE CHRONICLE.
1286
large
The
enough to meet the higher charges?
now
disclosed in the report
results
before the public furnish a
conclusive answer on that point.
Allowing for the
which the company had to pay, the fixed
requirements as compared with the twelve months
preceding were actually $1 ,787,787 heavier than in 190304.
The increase in net income was only $1,469,744.
This left an adverse difference of $318,043; but as
there was ample margin for encroachment on the
larger taxes
basis of the previous year's operations, the
company
emerges at the end of the year with a surplus remaining
not only above the requirements for fixed sharges, but
also over and above the requirements for the usual
4% dividends on the first and second preferred stock of
the company.
In concrete form, the company had
available for dividends on the operations of the twelve
months, over and above expenses and fixed charges,
the
sum
of $1 ,024,128.
on the two
The
call for
the
4%
[Vol. lxxxi.
and the opening up of new
sections of country, there comes the establishment of
many new industries. For instance, in the present
report the statement is made by President A. J.
Davidson that during the late fiscal year the company's
industrial department located 368 new industries,
which have been completed and put in operation.
The estimated cost of such new plants is given as $10,538,000 and the number of men employed therein
growth
in population, too,
9,939.
Accompanying the
increase in length of road oper-
ated, there has been a large increase also in the out-
The addition
standing obligations of the company.
during the twelve months to the funded debt of the
system has been $21,273,186, besides which there was
a net increase of $501 ,739 in the amount of equipment
notes outstanding.
On the other hand, through the
dividends proceeds of the
new bond
issues the
company was
was $839,742, leaving enabled to liquidate all of its floating debt and to take
A year ago
therefore a surplus on the operations of the twelve up a large amount of temporary loans.
months of $184,386. In the prevous year the surplus the balance sheet showed $2,690,000 of notes payable,
on the operations of the twelve months was $502,429, $3,500,000 of 5% notes due April 30 1906, $1,980,000
from which special deductions for betterments and of deferred payments on account of Ozark & Cherokee
flood damages were made of $78,533, leaving $423,895. Central Ry. and $3,600,000 of deferred payments on
As compared with 1903-04, the increase in gross account of the Arkansas Valley & Western Ry. All
earnings was $3,061,508 and the increase in net earn- these items have disappeared, leaving the finances in
ings $1,520,743. This was on an average of 813 more very good shape.
The accounts have been audited,
miles of road. Considering that the additional as heretofore, by Mr. Stephen Little.
The report is
mileage consisted almost entirely of new road, the very elaborate and comprehensive, being folio size
showing must be regarded as quite satisfactory more and containing 75 pages, and in the facts it furnishes is
particularly as owing to the light crops in 1904 in not surpassed by that of any other company in the
certain sections of the South- West quite a number of country.
classes of stock
—
items of agricultural
traffic
further declined
(after
having declined the previous year) notwithstanding
the increase in length of road
COTTON CONSUMPTION OF EUROPE AND THE
WORLD.
For the current or new fiscal year the prospects for
enlarged traffic and income would appear to be quite
favorable.
We pointed out last week in reviewing the
annual report of the Rock Island Company (by which
the St. Louis & San Francisco is controlled) that in the
South- West the present year's crops are above the
M. Thomas R. Ellison's "Annual Review of the Cotton Trade" was issued in Liverpool on Monday of this
week and by cable we have received all the interesting
average, ensuring a large agricultural tonnage.
We
also adverted to another distinctive feature in this
—a distinction referred to
of Chicago in
situation — namely, that there
year's agricultural situation
by the Commercial National Bank
inquiry into the crop
,
data contained therein, including the usual estimate
of consumptive requirements for the current season.
As
of
primary importance, we
cotton
by European
Kansas. Ordinarily, when there has been an abundant
crop of corn in Missouri, that of Kansas has been short,
exceptional
The present year both
yields.
Moreover,
this
mills in actual bales
and pounds
parison the figures for 1903-04 and 1902-03:
its
Great Britain
Oct. 1 to Sept. 30.
For 1904-1905.
the unusual coincidence of a bounteous corn yield in
Takings by spinners, .bales.
those two large producing States, Missouri and Average weight of bales -lbs,
Takings in pounds
vice versa.
give the takings of
for the year 1904-05, appending for purposes of com-
is
and
first
States have
favorable
For 1903-1904.
Takings by spinners, .bales.
Average weight of bales. lbs,
Takings in pounds
For
con- Takings by1902-1903..bales.
spinners,
junction also extends to the other States in the South- Average weight of bales. lbs,
Takings in pounds
Continent
Total.
3,774,000
5,600,000
9.374,000
506
487
494.6
1,909,396,000 2,727,137,000 4,636,533,000
3,028,000
.5,270,000
8,298,00«
501
476
485.1
1,517,113,000 2,508,530,000 4,025,643,000
3,209,000
5,589,000
8,798,000
494
472
480.0
1,585,276,000 2,638,159,000 4,223,435.000
West.
Entirely apart, however, from the abundance of the
That the takings by European spinners in the past
harvests, there is the certainty of constant increase in season largely exceeded those in any previous similar
traffic from the immigration movement into the States period is clearly disclosed by the foregoing.
In Great
and
with the Britain alone the absorption of cotton by the mills,
resulting growth in population that this brings with it. as stated in ordinary bales, exhibits a gain of 746,000
A larger population of course means expansion in all bales, or nearly 25% over 1903-04, and Continental
directions.
It means, for instance, an increase in the spinners increased their takings for the same period
territories in that part of the country,
passenger business, as well as in the freight business. some 330,000 bales. Consequently for the whole of
In the late year, out of the total increase of $3,061,508 Europe the aggregate takings show an augmentation
than $1,665,494 was in the of 1,076,000 bales as compared with the previous seapassenger earnings, though the large gain here was son, and the excess over 1902-03 is seen to be 576,000
in gross earnings,
no
less
partly attributable to the extra passenger business
derived from the World's Fair at St. Louis.
With the
bales.
already
The
bales given in the above table are, as
stated,
of
ordinary
weights;
the
average
—
THE CHRONICLE.
Oct. 2S 1905.]
weights of the various growths contained in the fore-
suits
going for 1904-05, as cabled to us, are as follows:
American, 490 lbs.; Egyptian, 727 lbs.; East India,
issued in
400
Smyrna, 400
Brazilian, 235 lbs.;
1287
were fully set forth
our Annual Crop Report
September, and they indicated a satisfactory
in
increase in consumption during the season of 1904-05.
and
The cotton-manufacturing establishments of India,
245 lbs. In 1903-04 the weights according to the information at hand, have used more
were: American, 4S3 lbs.; Egyptian, 727 lbs.; East cotton during the past season.
For Japan, etc., we
Indian, 400 lbs.; Brazilian, 246 lbs.; Smyrna, 400 lbs., have as yet no later information than that upon which
and West Indian, etc., 227 lbs.
the estimate given in our crop report was based.
It would naturally be inferred that with takings so Bringing together the results for Europe, India and
lbs.;
West Indian,
lbs.,
etc.,
consumption had been greatly en- the United States, and adding the total for Japan,
hanced. This is conspicuously true of Great Britain, Canada, etc., we practically cover the world at least
less than one-third of the increased volume of cotton that part of it from which any reliable data are oblargely increased
—
by the mills going to augment the surplus tainable. Below we give these returns combined for
supply of the raw material. But while the mills of twelve consecutive years, all bales being reduced to
Great Britain show a gain in consumption over 1903-04 the uniform weight of 500 lbs.:
received
of 603,000 bales of 500 lbs. average net weight, or
World's
Con-
Great
Consumption. Britain.
be seen by reference to
results for earlier years that as far back as 1898-99
and 1S97-9S the average weekly rate was as high as
11,596 bales per week,
it will
67,670 bales and 66,000 bales, respectively.
On
the
Continent, according to Mr. Ellison, and despite the
amount
'893-94
894-95
3,233,000
3.250.000
3,276,000
3.224.000
3,432,000
3,519,000
3,334.000
3.269,000
3.253.000
3.185,000
3.017,000
3.620.000
895-96
896-97
897-98
898-99
899-00
900-01
901-02
902-03
903-04
904-05
tinent.
3.827,000
4.030.000
4.160,000
4.368 000
4,628.000
4,784,000
4,576.000
4,576.000
4.836,000
5.148,000
5,148,000
5,148,000
United
India.
States.
2,264,000
959.000
2,743,000 1,074.000
2,572.000 1,105.000
2.738,000 1.004.000
2,962,000 '1,141.000
3,553.000 1,314,000
3,856,000 1.139,000
1.060.000
3.727,000
4,037,000 1.384,000
4,015.000 1,323,000
3,909,000 1,245,000
4,310.000 1,350,000
All
Others.
Total.
297.000
446,000
492 000
646,000
725,000
845,000
868,000
784,000
905,000
766,000
691,000
1,080,000
10.5S0.000
11.543.000
11.605,000
11.8*0,000
12.888,000
14,015,000
13.773.000
13,416.000
14.415.000
14.437.000
14.010,000
15,508,000
taken by the mills, conThe world's consumption, according to the above,
sumption remains as it was in the two preceding seaadvanced to 15,508,000 bales of 500 lbs. each in
sons, viz., 99,000 bales per week.
Surplus stocks,
1904-05, or a gain of 1,498,000 bales over 1903-04,
therefore, have been largely added to.
To denote
and exhibits an excess of 1,071,000 bales over the preclearly the relations existing between different years,
greater
of cotton
we bring together
form the takings, conreduced to bales of 500 lbs.
in tabular
sumption and stocks,
all
each, as follows:
vious high
mark
of 14,437,000 bales
made
in 1902-03.
The cotton goods trade of Great Britain, as indicated by the export returns, has been quite satisfacbut it is to be noted that business for home marIndia, China and
kets has been hardly up to normal.
Japan and the Mohammedan countries have taken
tory;
Bales of 500
1904-05.
1903-04.
1902-03.
57,000
3,819,000
40,000
3.034.000
55,000
3,170,000
3,876,000
3,620,000
3,074,000
3,017,000
3,225,000
3,185,000
256,000
57,000
40,000
315.000
5.454,000
446,000
5,017,000
318,000
5.276,000
5.769,000
5.148,000
lbs. each.
5,463,000
5,148,000
5.594.000
5.148,000
315,000
446,000
Great Britain —
Stock October 1 (beginning of year)
Deliveries during year
Total supply for year
Total consumption for year
Stock October
Continent —
1
(end of year)
Stock October 1 (beginning of year)
Deliveries during year
Total supply for year
Consumption during year
Stock October
1
(end of year)
621,000
j
much
and the aggregate ship-
larger supplies of goods,
ments to
corded.
all
The
quarters exceed anything heretofore reresults in detail will
be found in our
cotton department.
our cable that Mr. Ellison estimates that Europe and the United States (including
amounts shipped from this country to Japan, Canada,
It is also stated in
etc.) will in
1905-06 require for consumption 13,736,000
weight, making 13,528,000
whole of Europe for the three bales of 492.4 lbs. average
against 13,660,000 bales of
bales of 500 lbs. each,
years are as follows (in bales of 500 lbs.):
495.2 lbs. average weight, equaling 13,528,000 bales
All Europe.
1904-05.
In Mr. Ellison's esti1903-04.
1902-03.
of 500 lbs. each in 1904-05.
Stock October 1
372,000
486,000
373,000
mates the amount needed from America is placed at
Deliveries during year
9,273.000
8,051,000
8,446,000
11,361,000 bales, 1,200,000 bales are required from
The
totals for the
Total supply
Total consumption
Stock October
1
9,645,000
8.768,000
(end of year)
8,537,000
8,165,000
877,000
372,000
8,819,000
8,333,000
India, 875,000 bales from
Egypt and 300,000 bales
from this
estimate that he is of the opinion that consumption in
cotton at the Europe and for the United States, Canada, etc., will
486,000
from other sources
It is evident
of supply.
be noticed that the stock of
mills on October 1 was largely in excess of the amount
be about the same as in the season just closed. The
carried over in either of the other years included in
estimate of requirements and consumption in detail
the table.
As a matter of fact, the nearest approach
is as follows:
It will
to the present total
was at the
close of 1898-99,
when
had on hand 588,000 bales.
Our cable also gives the average weekly consump-
Estimated.
1905-06.
mills
Consumption per Week.
Great Britain
Continent
Total
1904-05.
Requirements
East Indian
Egyptian
1903-04.
1902-03.
69.615
99,000
58.019
99,000
61 .250
168,615
157,019
160,250
99 000
Sundries
Total requirements
Average weignt
Requirements, bales 500 lbs..
"nption
necessary, in order to arrive at an idea of the
world's consumption, to include data for the United
States, India, Japan, Canada, Mexico, etc., and this
it
is
we have done below.
For the United States the
re.
Bales.
Bales.
Bales.
11,361,000 11,768,000 10,273.000
,200,000
872.000 1,300,000
814.000
821,000
875,000
249,000
300.000
199,000
1
13.736,000 13,660,000 12,636,000
495.2
486
492.4
13.528,000 13,528,000 12,259.000
I
— 500-lb. bales
Kurope
United States, Canada, &c.
Great Britain and the Continent being the only
countries covered by the statistics presented above,
Actual.
1903-04.
— Ordinary bales-
American
tion (in bales of 500 lbs.) as below:
Actual.
1904-05.
Total Europe, America, &c.
8,768.000
4,760.000
8,768.000
1,760.000
8,165.000
4,094.000
13,528,000 13.528.000 12.259.000
should be understood that these figures are not
intended to be estimates of the yield in various counIt
Mr. Ellison confining himself to indicating the
extent to which in his belief each source of supply will
tries,
THE CHRONICLE,
1288
!
Vol. ljlxxi.
be called upon to contribute to the season's consump- Africa will again assume first position. Canadian
In other words, he is of the opinion production continues to decline, 1904 exhibiting a
tive requirements.
that 13,736,000 bales of ordinary weight will be neces- fairly large decrease from 1903. Russia shows a small
gain.
sary in order to leave mill stocks unchanged.
The details for 1904 are herewith appended,
Mr. Ellison's estimate of the number of spindles in comparison being made with 1903. Only those counEurope, America and India during 1905 has also been tries producing a value of about $2,000,000 or more in
received, and we give it below, adding for purposes of the last year are stated separately.
WORLD'S GOLD PRODUCTION.
comparison the figures for previous years:
48.500,000
35.000,000
24.073.000
5.250,000
Continent
United States
East Indies
1903.
1904.
1905.
Spindle8.
47,000,000
34,300,000
22.240.000
5,100,000
47,500,000
34.600.000
23,214.000
5,200,000
1902.
47,000,000
33,900,000
21,559,000
5,200,000
112.823,000 110,514,000 108,640,000 107,659.000
Total
This shows an increase in the spinning power of the
world of 2,309,000 spindles, each division contributing
to the excess.
GOLD AND SILVER PRODUCTION OF THE
WORLD IN
-1904Value.
Australasia
United States
Africa
Russia
4,245,744
3.904.986
4.156.084
1,199.857
Canada..
793,350
East India
655,518
Mexico
609,781
China
217,688
Guiana
187,637
Korea.
145.125
Colombia
95,513
Brazil...
98,854
Austria-Hungary...
102,423
Other European
13,555
Other So. American.
117,856
All other countries..
249,448
Fine ounces.
887,767,300
80,723,200
85,913,900
24,803,200
16,400,000
13,550,800
12,605,300
4,500,000
3,878,800
3,000.000
1,974,400
2,043.500
2,117,300
280,300
2,436,200
5,156,500
4,315,538
3,560,000
3,289.409
1,191,582
911.118
652.298
516,524
354.334
197,789
145,125
131,795
110,314
108.609
11.367
80,924
191,399
16,793,419 8347,150,700
Totals
The
1904.
-1903Value.
Fine ounces.
silver
889,210 ,100
73,591 700
67,998 ,100
24,632 ,200
18,834 500
13,484 ,200
10,677 ,500
7,324 ,700
4,088 .700
3,000 000
2,724 400
2,280 400
2,245 ,100
235 100
1,672 800
3,956 600
15,763,387 8325,96,1500
production of the world in 1904, according
was 168,493,538 ounces, or slightly more
than in 1903. Production was 162,763,483 in 1902,
173,011,283 ounces in 1901 and 173,591,364 ounces in
1900.
Mexico leads in silver production, being followed by the United States, Australasia, Bolivia and
Germany, of which only the United States and Ausyears, the Mint aggregate differs but slightly from the
The details
tralasia have done better than in 1903.
results gathered by us immediately after the close of
for 1904 make the following comparison with the rethe year and given in the "Chronicle" early in Febsults for 1903:
ruary, the returns now at hand making the amount of
WORLD'S SILVER PRODUCTION.
gold taken from the world's mines 16,793,419 fine
-1904-1903Mr. George E. Roberts, Director of the United
States Mint, made public this week the Bureau's
compilations of the world's production of gold and
silver in the calendar year 1904, from which the appended tables have been prepared. As in former
ounces, whereas in our compilation
we reached a
to the Bureau,
Fine
Coining
Fine
ounces.
total
value.
ounces.
Mexico
United States
yield of 16,926,106 fine ounces.
For the United States the yield in 1904 as now stated
is less than the estimated result given out by Mr. Roberts last January, but at the same time there is a satisfactory gain over 1903, although compared with 1902
the increase is unimportant. While Colorado maintains first position as a gold-producing State, and the
output shows enhancement as contrasted with 1903,
there is a loss of nearly 200,000 ounces from 1902.
California exhibits a material gain over the earlier
60.808,978
57,786,100
Bolivia
6,083,333
Australasia
14,558,892
Germany
5,799,133
Canada
3,718,668
Peru
3,008,705
Spain
4,876,076
868,067
Chili
Colombia
946,066
Other Furopean . . 5,446,410
Other So. Amer'n.
67,246
4,525,864
All other countries
878,621,700
74,713,300
7,865,300
18,823,600
7,497,900
4,808,000
3,890.000
6,304,400
1,122,400
1,223,200
7,041,700
86,900
5,851,600
70,499,942
54,300,000
6,083,333
9,682,856
5,822,452
3,149,591
1,746,674
4,878,076
868,067
1,128,799
5,238,536
92,592
4,103,762
Coining
value.
891,151,400
70,206,000
7,865,300
12,519,300
7,528,000
4,072.200
2,258.300
6,307.000
1,122,400
1,459.500
6,773,000
119,700
5,305,900
f-
168,493,538 8217,850,200
Totals
167,937,894 8217.131,800
ITEMS ABOUT BANKS, BANKERS AND TRUST
—The
public sales of
bank stocks
this
CO'S.
week aggregate
and the same is true of Alaska, Montana and
383 shares, of which 335 shares were sold at the Stock
Nevada. The excess for the whole country is seen to Exchange and 48 shares at auction. The transactions in
have been 344,986 fine ounces, or over 9%. The de- trust company stocks reach a total of 227 shares. Fifty
shares of stock of the Farmers' Loan & Trust Co. were sold
tails of yield by States are as follows:
periods,
GOLD PRODUCTION
—
California ...
Alaska.
South Dakota
Montana
Arizona
Utah
Nevada
Idaho
Oregon.
New Mexico..
Washington..
South. States
Other States.
Totals
IN
812.319
403.730
336,952
211.571
198,933
173,886
140,059
71.352
87.881
25,693
13,166
15,283
2,000
16.792.100
8.345.800
6,965.400
4,373,600
4,112.300
3.594.500
2,895.300
1,475,000
1,816.700
531.100
272.200
316.000
41,300
779,056
416,737
330,242
213.571
210,798
178,862
163,895
75,968
62,414
11,833
13,540
12,186
669
16,104,500
8.614.700
6.826.700
4,411.900
4,357.600
3,697,400
3,388,000
1,570,400
1,290.200
244,600
279.900
251,900
13,800
924.427
450.091
339.815
246.606
161,761
203,902
208,390
72,742
63.366
18,475
15,862
18,493
909
19,109.600
9.304.200
7,024,600
5,097.800
3,343,900
4,215,000
4,307,800
1,503,700
1,309,900
381,900
327,900
382.300
18.800
3,870.000 $80,000,000 3,560,000 $73,591,700 3,904.986 $80,723,200
With regard
to other countries, the Bureau's
pilations indicate in a
number
com-
of instances a continuing
tendency towards enlargement of production. Australasia continued to be the leading producing country
in 1904, although by only a small margin over Africa,
its yield showing a decrease from 1903.
Africa exhibits a considerable excess over 1903,
and compared
with 1898, the year of previous greatest yield, records
a gain of about 5%. The African output, moreover,
is
quite steadily increasing
tember 1905
for the
the Sep-
total being reported at 416,487 fine ounces
Rand
alone, against only 312,286 fine ounces
same month in 1904. It is therefore quite certhat when the current year's results are compiled,
for the
tain
month by month,
—
an advance of 30 points over the price paid at the
previous sale, made early this month. Ten shares of
Guaranty Trust Co. stock were sold at 624 J^, comparing
with 590 Y% at the last previous sale in June.
at 1481
UNITED STATES.
—1902-
-1903-1904Fine ozs.
Fine ozs.
Value.
Value.
Fine ozs.
Value.
1,090,229 $22,540,100 1.180.147 $24,395,800
1,377.175 $28,468,700
Gold
Production.
Colorado
last
BANKS New York. Low. High. Close.
4400
4394
8 Chemical Nat. Bank ...4361
z325 Commerce. Nat. Bk. of. 199
200J4
199K
175
175
xlO Merchants' Nat. Bank. 175
15 Park Bank, National... 489J4
489H 489M
92
92
25 United National Bank. 92
TRUST COMPANIES—New York.
13 Bowling Green Trust Co. 215
215
215
1481
50 Farmers' Loan & Tr. Col481
1481
624 2 624J4 624 2
10 Guaranty Trust Co
200
200
90 Mutual Alliance Tr. Co. 200
1090
1090
4 N. Y. Life Ins. &Tr.Co.l090
10 New York Trust Co
725
725
725
14 Title Guar. & Tr. Co... 666
667H 667H
744
744
5 Trust Co. of America. . . 744 }4
1425
1425
1 United States Trust Co. 1425
TRUST COMPANIES—Brooklyn.
368
368
368
10 Franklin Trust Co
340
340
340
20 People's Trust Co.
Shares.
y
y
H
H
Last previous sale.
Sept. 1905—445234
Oct. 1905— 200
H
1905— 177K
Oct. 1905— 496 M
Aug. 1905— 90
July
Oct. 1905— 215
Oct. 1905—1451
June 1905
590>3
Jan. 1905— 209
Oct. 1905—1090
Dec. 1904—a"00
Oct. 1905— 671
Oct. 1905— 750
—
Feb. 1905—1515
July
Feb.
1905— 360
1905— 331
x Sold at the N. Y. Stock Exchange. a This sale was of stock of the
N. Y. Security & Trust Co., which was succeeded by the New York
Trust Co. March 1 1905.
—
We are informed that the Deutsche Bank and the
Deutsche Ueberseeische Bank, of Berlin, Lazard SpeyerFrankfort-on-Main, and the Schweizerische
Ellissen, of
Creditanstalt, of Zurich, have founded a bank with a capital of
M. 10,000,000, to be called the Bank of Central America, and
THE CHRONICLE.
Oct. 28 1905.J
have its head office in Berlin. The business (if the
be started in Guatemala, with the ultimate intenbank
tion of opening branch offices in the surrounding ('(Mitral
which
will
will
American countries.
—The contemplated increase
in
the capital of the People's
Bank of Brooklyn, from 5100,000 to $200,000, was approved
by the stockholders at Wednesday's meeting. The now
stock will be disposed of to the present shareholders at $200
per share.
—A
ization
new New York trust company is in process of organby well known New York capitalists and bankers.
Clark Williams, the .newly elected President of the Trust
Company Section of the American Hankers' Association, and
who recently resigned as Vice-President of the United States
Mortgage A. Trust Company, is among those actively interWe learn that the new institution will be conducted
ested.
along very conservative lines and do a strictly trust company business. Further information concerning the projected institution cannot be given as yet.
—A
meeting of the Supervisory Board of the Deutsche
Bank has been called for November 1 to consider a resolution
proposed by the managers of the bank authorizing an increase of its capital stock from 180,000,000 to 200,000,000
marks. It is intended to offer in January the entire M. 20,000,000 to the stockholders for subscription, the stock to be payable in instalments during the year 1906.
The shares of the
bank were recently quoted at about 242%. The dividends
paid during the past ten years have averaged nearly 11%
per annum.
— Leonard
Mallaby, Assistant Cashier and paying
teller of the Phenix National Bank of this city died on the
20th inst. Mr. Mallab}' was in his sixty-first year. He
had been in the employ of the Phenix for forty years, and
had been its Assistant Cashier for the past twenty years.
B.
—An attractive booklet entitled "The Modern Bank" has
by the Lincoln Trust Company of New York.
book is to show that the new conditions
in trade have created new conditions in banking, and that
these conditions are most admirably met by the unique
banking powers of the modern trust company. The point
is made that the modern banker is a merchant, money and
credit being his stock in trade, and that his depositors or
clients are his customers.
The publication is a continuation
of the series of instructive booklets issued by the Lincoln
Trust Company.
just been issued
The purpose
— Talcott
of the
Van Santvoord. Assistant Cashier of the
Lincoln National Bank of this city, died on the 20th inst.
Mr. Van Santvoord was in his forty-eighth year. He had
held the assistant-cashiership of the bank for twenty-five
years.
He was also Secretary of the Hudson River Day
C.
Line.
— The
usual report, in book form, of the proceedings of
New York State Bankers' Association
the convention of the
has come to hand. The details of the meeting, which was
held in July last, at the Frontenac, Thousand Islands, are
embraced in the present volume. As in former years, the
covers of the book are in white, with gilt lettering.
Alfred
H. Curtis, President of the National Bank of North America,
this city, is President of the Association.
—The second number of the Van Norden Trust Company
by the Van Norden Trust Company of
thi.- city, is before us.
The present issue of the Bulletin
contains an article on the "Panic Days in Wall Street"
by William J. Boies of the financial staff of the New York
This little medium will appear monthly in the
"Po
interests of the Van Norden Trust Company and will contain
one or more timely articles, with other items of a banking
Bulletin, published
and business nature.
—The
N.
Commercial Trust Company
of
West Hoboken,
§100,000, has filed a certificate of incorporation.
Tint incorporators are William 0. Ambruster, L<
E. Poole, Joseph R. Ilildner, Otto Bchindler, Ernesl «..
Schmidt, Herman Walker, Lewis A. Denis, George A. Bergkamp, Henry Stockfish, Lawrence Fagan, Henry Singer,
Edward Armstrong and Thomas B. Usher.
— An irresponsible rumor as to the
Tr
stability of tie
Trenton
Deposil Company of Trenton, N. J., WB& the
cause of a run on that institution on Thursday and Friday
'-
ife
came from other local banks, but th
demands out of its own funds. The with
Offers of assistance
I
company met
all
A statement is reported
drawals were by small depositors
been issued by the directors in which they pledged
to have
themselves personally to advance half a million dollars to
meet the run.
—The
stockholders of the .Mount Vernon National Hank
Boston on Tuesday authorized the voluntary liquidation
of the institution, the liabilities having lately been assumed
by the Boylston National Hank of Boston. John H. Allen
has been appointed liquidating agent.
of
—
The Merchants' National Bank of Portland, Maine
which has been merged with the Portland Trust Company
was placed in liquidation on September 30. At the closa
of business on the date mentioned the Portland Trust Com
pany showed a capital of $250,000, surplus of $500,000 and
It had at the same time
total deposits of over $5,000,000.
$1,000,000 of cash on hand or in banks. One of the officials of the institution informs us that though, under the
Maine law, the requisite reserve for trust companies is only
15% of demand deposits, the Portland Trust Company
makes
it
a practice to hold a reserve, of
20%.
—
The Bond plan of reorganization of the Maryland Trust
Company of Baltimore, which is understood to be backed bj
It is stated tha
Speyer & Co., has been successful.
of the stockholders have accepted the plan m
about 90%
originally proposed, and the rehabilitation of the company
will now speedily be carried out.
—
The National Bank of Baltimore, now the oldest Maryland banking institution, has had an exhaustive examination
made of its financial condition by the American Audit Company of New York. The results of the latter's work, issued
in printed form, indicates a minute and careful accounting
of the company's assets for July 15 1905.
On this date
its deposits were $1,854,429, exclusive of $938,424 due to
banks, bankers and trust companies, surplus $250,000,
undivided profits $127,040 and total assets $4 ,474,107. The
National Bank of Baltimore was first chartered by the General
Assembly of Maryland Dec. 24 1795, about one year
before the incorporation of Baltimore.
The population of
Baltimore at that time was about 20 ,000, and there were but
two other banks in the city, the Bank of Maryland, chartered
in 1790 and a branch of the Bank of the United States,
In the country at large there were
established in 1791.
but four other State banks the Bank of North America,
Philadelphia; the Massachusetts Bank, Boston; the Bank
of Delaware, Wilmington and the Bank of New York, New
York City. The entire capital of these four was $1,950,000.
The Bank of Baltimore commenced business Jan 2 1797
with a capital of $1,200,000, and has paid a semi-annual
dividend on the capital stock during the one hundred and
ten years of its existence.
Since incorporation in 1796 the
bank has had nine presidents and five cashiers. In December the institution will move into its new bank building
on the old site of the one destroyed in the great Baltimore
—
.
James L. McLane
fire.
is
President;
Henry
James,
C.
Cashier, and E. S. Sprague, Assistant Cashier.
—The
Citizens Deposit & Trust Company is the title of
a new institution which began business in Allentown, Pa.,
on the 12th inst. The concern was incorporated in May
last and has a capital of $250,000.
L. D. Krause is the
President; J. B. Mauser and H. B. Koch, Vice-Presidents;
F. H. Lichtenwalner, Secretary and Treasurer, and Frank
Jacobs, Trust Officer.
—C
F Beech has been elected Cashier of the First National
Bank o Birmingham, at Pittsburgh, to succeed Daniel
The latter, as noted last week, is a member of the
Beech
new
J., capital
1289
fi
en of
Scully, Painter
&
Beech.
—
A _e\v banking institution, the People's Hank, was
opened at Erie, Pa., on Wednesday. The bank has a capiIts officers .ire
tal of $200,000 and a surplus of $100,000.
"t,
J. ,1m W. Little, President; Byron A. Walker, Vice-]
and (!lenn C. Page, Second Vice-Presidenl and Cashier.
—The Shelby National Hank of Shelbyville, fnd. lately
Thomas
began business as successor to the Shelby Hank.
Presidenl of the
W. Fleming, formerly Cashier, ha- become
Via
ant
reorganized bank.
Burton P. Swain
r.
Th( capital i- ^100.000.
and Frank I! Wil
f
t
.
THE CHRONICLE
1290
[YOL. LXXXI.
—
The First National Bank of Fort Wayne, Ind., into fixed at $210,000, in shares of $10 each. A surplus of $60,000
which the White NationalBank was recently merged, has will be created through the sale of the stock at $12 50 per
increased its capital from $300,000 to $500,000.
share.
George A. Friedrichs has been chosen President.
C. E. Bond has been elected to the vice-presidency The Vice-Presidents elected are J. A. Saxton and Orturo
of the Old National Bank of Fort Wayne, Ind.
G. A. Dcll'Orto.
Schwegman succeeds to the office of cashier which Mr.
The investigation into the affairs of the failed Denver
Bond vacates, while W. II. Rohan and Stephen Morris have Savings Bank and the Western Bank of Denver has resulted
become Assistant Cashiers.
in indictments by the Grand Jury on the charge of conThe "Chicago Record-Herald" in its issue of October 23 spiracy to defraud the depositors against Leonard Imboden,
refers to the "era of prosperity" that began with the election who is said to have been connected with the affairs of both
of President McKinley in 1896, the results of which, it states, institutions; Charles B. Wilfley and J. H. Edmondson, forare nowhere more clearly shown than in the figures of Chicago mer Presidents of the Denver Savings Bank; James A. Hill,
National banks. To indicate this growth during the interval President of the latter at the time of its suspension, and
—
—
—
from December 17 1896 to August 25 1905 it appends a
statement giving the deposits reported on the two dates. It
appears from this that the deposits of the banks as a whole
have risen from $115,752,752 to $322,273,082, a gain of
$206,520,325, or 178.4%. The largest percentage of gain is
credited to the National Bank of the Republic, where the
advance in deposits has been from $3,092,671 to $18,123,417,
or at the rate of 486%.
Taking into consideration the fact
several others.
that in the case of this institution the result indicated has
been accomplished without resort to consolidation, the
growth is noteworthy and appears to justify the bank in
"maintaining its individuality."
Manager
—
It is announced that the project to organize the Union
Labor Bank of Chicago has been voted against by an overwhelming vote of the delegates.
•
[
—The capital
of the
Chicago City Bank of Chicago (at Engle-
—
Control of the State Savings Bank of Butte, Mont., has
been sold by Cashier T. M. Hodgens to Augustus Heinze
and his associates. The bank has a capital of $300,000.
New officers have been elected as follows: M. S. Largey,
President; S. V. Kemper, Vice-President, and E. P. Chapin,
Cashier.
—E.
Bowman
has been elected Vice-President and
Daly Bank & Trust Company of Anaconda,
Mont., to succeed the late Marcellus B. Greenwood.
J.
of the
—
Secretary P. C. Kaufman of the Washington State
Bankers' Association has favored us with a bound copy of
the report of the tenth annual convention held on July 20,
21 and 22 of the present year.
The meeting place was at the
American Inn, on the Lewis and Clark Exposition Grounds,
Portland, Oregon. A reference to the convention appeared
in our issue of July 29.
wood, Ills.) is to be increased from $200,000 to $500,000.
Of the $300,000 additional stock $160,000 will be obtained
The two progressive Pacific Coast institutions of which
through a stock dividend of $80 per share, while the remain- J.
C. Ainsworth is President, namely, the United States
ing $140 000 will be sold at $150 per share.
The proposi- National Bank of Portland, Ore., and the Fidelity Trust
tion will be submitted to the shareholders on December 2.
Company (Bank) of Tacoma, Wash., are enjoying a marked
—
—
A feature out of the ordinary will be introduced in the
conduct of the business of a banking institution about to be
increase in their various lines of business.
The bank will bear the title of the
Commerce in Chicago and will have a capital of
$250,000. Drug stores throughout the city are to be availed
of as branches, where deposits of $1 and upward will be
accepted. Through a messenger system the deposits at
these stations will be collected daily by the bank.
The
parisons:
established in Chicago.
Bank
the United States National
is
shown
The progress of
com-
in the following
UNITED STATES NATIONAL BANK.
Surplus &
Gross
of
—
Aggregate
deposits.
resources.
Date
Aug. 25 1905
March 14 1905
Jan. 11 1905
Capital,
profits,
$500,000 8215,083
300,000
144,894
131,940
300,000
$4,346,945
3,053,853
2,625,927
$5,562,131
3,798,972
3,359,544
It will be seen by the above that the deposits have nearly
doubled during the past seven months, having increased
from $2,625,927 to $4,346,945. During this period the
will include Jerome W. Pierce, of Fuller & Fuller; Emil E. capital was increased from $300,000 to $500,000, so as to
Surplus and profits advanced
Miller, Secretary Northern Bank Note Co.; Joseph Belfield; provide for larger business.
from $131,940 to $215,083 and aggregate resources from
Abram Frank; William A. Dyche, Business Manager of the
Northwestern University; L. A. Becker, President L. A. $3,359,544 to $5,562,131. Besides Mr. Ainsworth, the
Becker Company; Robert H. Howe, formerly of the Conti- management of the bank is composed of W. B. Ayer and R. Lea
nental National Bank, Chicago; J. Alexander Waller, Barnes, Vice-Presidents; R. W. Schmeer, Cashier; A. M.
Manager of the Ashland Block; Frank P. Judson, Cashier Wright and W. A. Holt, Assistant Cashiers.
In the case of the Fidelity Trust Company (Bank) of
Bankers' National Bank of Chicago, and Clarence S. Darrow.
Tacoma, Wash., the growth in deposits during the past three
The bank will open about December 1
The name originally
contemplated for the institution was the Trust & Savings years has been as follows:
FIDELITY TRUST COMPANY.
Bank of America.
headquarters of the institution will be in the Ashland Block,
in the former quarters of the Hibernian Banking Association.
The President is to be ex- Judge Abner Smith. The directors
.
—The directors of the Fort Dearborn National Bank of
Chicago lately appointed Charles Fernald Assistant Cashier.
—The September (1905) edition of "The Bankers' Encyclopedia," published at Chicago, has been issued. The
publication contains statements of the liabilities and resources, together with the names of the officers, reserve
agents and correspondents, of banking institutions in the
United States and Canada, besides other information
devoted to the interests of banks and bankers.
— W. B. Smith, former President of the Western National
March
March
March
March
14
14
14
14
The
1902
1903.-1904...
1905
.$865,276
1,397,404
...1,750,820
1,979,766
.
be observed, advanced from $865,276
Alto $1,979,766, a gain of $1,114,490 for the three years.
though Mr. J. C. Ainsworth of Portland, Ore., is President,
deposits,
it will
management of this institution is in the hands of
Baker and P. C. Kauffman, Vice-Presidents; Arthur
the active
John
S.
G. Prichard, Cashier; F. P. Haskell
and George Browne, Secretary.
Jr.,
Assistant Cashier,
—
The United Bank & Trust Compny of San Francisco was
been indicted by the closed by the State Board of Bank Commissioners on the
United States Grand Jury on the alleged charge of false
The closing of the institution is said to be due to
21st inst.
entries, misappropriation and embezzlement of funds of the
the fact that nearly one-half of its capital of $212,875 had
bank. The institution, it will be recalled, suspended in
been paid for in promissory notes of the stockholders. The
August, but resumed business several weeks ago.
$107,749.
deposits were very small
Bank
—
of Louisville, has, it is stated,
—
It is reported that the
Bank
of
Hampton
at
Hampton,
Va., has acquired control of the Kecoughtan Trust
curity
Company
of
Hampton.
The
latter
&
Se-
was organized
in 1903.
—
The organization of a new banking institution is being
furthered in New Orleans. The name of the concern is the
Colonial Bank & Trust Company, and its capital has been
—
The proposition to increase the capital of the Western
National Bank of San Francisco was unanimously approved
by the stockholders at the special meeting on the 18th inst.
As noted in these columns October 7, additional stock to
the amount of $500,000 will be issued, giving the bank a
The stock was increased from
capital of $1,000,000.
$200,000 to half a million dollars two years ago.
.
1
Oct. 28
.
.
.
THE CHRONICLE.
liH)5.|
IMPORTS AND EXPORTS FOR SEPTEMBER.
The Bureau of Statistics at Washington has Issued the
statement of the country's foreign trade for September, anil
from it and from previous statements we have prepared the
following interesting summaries:
(In the lolluwlng tables three ciphers (000s) are In
all
cases omitted.)
Imports.
262.960
245,377
71,10
87.73S
84,125
985,409
751,394
+234,076
Exports.
$
Jan.-Mch ..367.447
Apr .-June.. 8TS.622
811,868
278. 083
+ 55..-.V
+ 95.439
+ 23.352
+ 21.779
+ 33.S6S
S
380. 7;u
Total ..1.102.. re 872.549
Gold and Gold n Ore.
9 222
Jan.-Mch .. 34.015
7',3SS
6.M7
Apr. -June..
4, '.173
1.159
July
274
3.213
August
6.500
September. 1,413
+ 230,027
30,296
107.930
84.:.7S
117,(i71
Aupust
September. 136,000
95.V>2
102. 13S
42.67S
and Silver
Jan.-Mch.. 12,502
+
Hull ion.
t
S5.734
1,065
$
102.987
141,587
29.605
129.507
122,415
4.949
6,700
9.345
8,802
153,268
69,845
90.019
115,962
136.076
209,766
142,979
1905.
\prll
..
22.115
25,040
—17.727
S14
939
0S7
8.02.".
7,705
4.241
—7.842
+ 2.09S
—1.407
+ 12.3S2
83,040
68,695
+14,345
+ 6.070
6,824
+ 6,202
6,951
1.381
2.51S
2,003
+ 6,300
Silver.
+ 3,154
+ 2,331
+ 1,376
1905.
19,677
+19,453
Total.
Coin.
1
248,721
142.652
182. S73
199.352
212.434
120.911
142.776
279.111
151.781
S
15,130
140
159
9,700
5.000
1.992
5,000
Bullion.
258.252
230.400
216,113
119,659
203,911
192.445
288.794
244,488
172.395
Total.
$
273,382
230.630
210.272
129,359
208,911
194,437
293.794
244.488
172,395
Months.
—
,571
—3
—2
4.2S5
4.549
5,527
+ 1.309
+ 2,031
+ 1,723
13.026
13,341
4,535
4,849
3,379
39,443
Total..
+ 47,01.
+ 14.030
+ 4. Mf.
+ 50,1 10
Coin
>
4.3SS
64.002
1.0S3
10.703
2.744
793
6.516
8.05S
2,970
2.517
3.804
24,471
+14.972
39,130
August
September.
Gold.
Months.
r
M:iy
+ 24
L904, ami $5,024,613
TOUTS OF GOLD AND SILVER AT SAN FRANCISCO.
$
1
in
+ 38,113
July
Total 9 months
398,122 1.282,489 1.680.611
37,121 1,932,547 1.969.668
EXPORTS OF GOLD AND SILVER FROM SAN FRANCISCO.
in Ore.
Apr .-June.. 12.490
Julv
111
+ 117,774
292,992
85.224
92,264
134,205
JFXMM
Silver
reached §1,692,175, against $02,421
BxceM.
Imports.
$
Total
Silver, which compares with $34,377,877 gold and 12,420,521
silver in 1904.
The shipments of gold during September
were extremely light, reaching only $2,525, almost all coin,
and the exports of silver were $583,252, of which $578,700
was bullion. For the nine months the exports of gold
1904-
191
Exports.
Merchandise. $
12<)1
silver was sent out, against $5,', 155, 773 in 1904.
The exhibit
for September and for the nine months is as follows:
FOREIGN TRADE MOVEMENT OF THE UNITED STATES.
Julv
.
+ 3. s.3 2
— Excess of imports.
Excess of exports.
We
subjoin the totals for merchandise, gold and silver
for the nine months since Jan. 1 for six years:
Gold.
Coin.
April
July
Auenst
September
Total 9 months
Merchandise.
Nine
Months
Gold.
Excess
Im-
of
'
ports.
ports.
Exports
Excess
Ex-
Im-
ports.
Silver.
Total.
Coin.
S
$
$
$
4.125 1.664.470 1,668,595 43.449
1.690
1,690
6,122
5,410
5.410
5.029
6,181
3.155
3,155
629,084
3 895
3,895
1.950
1.950
3.821
1.740 253.870
1.740
3.215
3,215
6.137
2",325
200
2.525
4.552
Bullion.
Total.
%
S
330,800
374,249
121.222
115.100
422.400
427,429
213,180
219.361
709.250 1,338,934
314,500
318,321
928.898
674,938
700,900
713.037
578,700
583.252
24,290 1,667,885 1,692.175 958,845 4,065.768 5.024.613
SUver.
'
Ex-
Bullion
ports.
o/
Excess
|
Im-
oi
ports.
Exports
Ex-
Exports] ports.
iVXouctitryi^ommcvciitlliUCiiUsTtlXnrjs
<ii^WW'»^'VW«rfV«^»%»i^vW»'H^ta-
1005
102.576 872.549 230.027'
-I
1904 .. 985.469 751.394 234,075
1903 ..| 989, 276'7SS. 798|230. 47S
1902 .. 94J.161i702.149i24l.012
1901 . '1046.319 6-t6.47SJ399.S41
1900 ..103 1. 964J624.467 407.497
42.67S
83.040
41,537
30,990
32,681
52,605
12.382
30,296
39,443
24.471
19,677
14.972
19.453
8,307
16.876
18.997
17,231
London, Saturday, October 14 1905.
31.641
16.601
24,906
6.090 35.580 18,704
The stock markets have fluctuated rapidly throughout the
35,400 a2.719i 41.488 22,491
39.9S9, 12.616 47.501 30.270
week. The uncertainty respecting money continues. At
one time people are hopeful that the Directors of the Bank
a Excess of Imports.
Similar totals for the three months since July 1 for six of England will not find it necessary to put up their rate to
years make the following exhibit:
5%; at another, they fear that the Directors may have to do
And with each change of opinion there is a rise or a fall
so.
Merchandise.
Excess
Exports.
...
...
...
...
1901 ...
1900 ...
Gold.
Silver.
Besides that, preparations are being made for
a great international Russian loan.
It is the desire of the
Russian Government that the loan should be brought out
not only in Paris, Berlin and Amsterdam, as was all along
in markets.
Three
Months.
1905
1904
1903
1902
14.3451 39.130
9.8961 24.908
OS, r,<):,
361,607
311,743
291.624
964.965
324.466
319.931
Im-
of
ports.
I
|
Exports
i
Exports.
282.608 78,999
243.056 68,686
246,054 45.570
245.807 59.15S
213.036 111.430
185.050 134.881
i
1
Imports.
Excess
o)
'.Exports
13,686,alO.840
20.931! o6.341
17.665 a7.464
11,719
a999
19.472 al6.282
123.363 al,198
2.846
14,590
10.201
10.720
3.190
1
Excess
Ex-
Im-
of
ports.
ports.
Exports
14.361
12.763
7,403
13.052
13,053
17,131
9.2971
5.9021
6.6201
5.064
6.861
783
6.568
5.697
5.710
In these tables of totals, gold and silver in ore for all the
years are given under the heads respectively of gold and
While
intended, but likewise in London and New York.
on, preparations are being made
the negotiations are going
for the loan, and money, which otherwise would have been
employed in the market, is being accumulated.
The general opinion in the best informed quarters both in
silver.
London and
22.165
!
1
6.484
7.3561
11.421
1
a Excess of Imports.
The following shows the merchandise balance
for each
year back to 1875:
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
9 months ending Sept 30—
3 months ending Sept. 30—
Imports. $22,518,827
1875
Exports. 27,170,679
1876
Exports.
1877
16,363,921
Exports. 53,673,024
1878
1879
Exports. 46,461.725
1880
Exports. 42,635,426
1881
Exports. 23.171,938
Imports.
1882
14,785,237
1883
..Exports.
2,047,010
1884
Experts.
6,898,059
1885
Imports.
12,361,660
1886
Imports.
11,613,110
1887...
Imports.
18,270,975
1888
Imports.
28,108,404
1889
..Imports.
13,561,121
1890
Imports. 35,372,172
1891
Exports. 23,708.387
1892
Imports.
18,221,322
1893
Exports.
46,696.522
1894
Exports.
4,542,162
1895
Imports.
38,380.638
1896
..Exports. 69,017.161
1897
Exports. 120,521,440
1898
Exports. 98,618,430
1899
Exports. 112.001,348
1900.
Exports. 134,881,714
1901...
Exports. 111,430,180
1902
Exports. 59,157,820
1903..
.Exports. 45,570,835
1904
Exports.
68,686,998
1005
Exports.
78,999,254
1875
1876
1877
1878
1879
1880
1881
1882.
1883
1884
1885
1886
1887
1888
1889
1 890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905.
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Imports.
Exports.
Exports.
Exports.
Imports.
.Imports.
Imports.
Imports.
Imports.
Exports.
Exports.
Imports.
Exports.
Imports.
...Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
$44,314,039
77,734,462
55,260.334
209,527,559
161,498,336
73,798,920
121,171,904
54,222,267
48,130,029
17,653,894
42,052.033
12,591,848
45,361,052
89.683,704
44,216,877
54,093,535
10,446,816
29,204.090
22,103,499
73,028,234
43,115,673
143,973,601
157,483,339
393,899,189
316,575,102
407,496,805
399,841,098
241,0! 1,841
230,478,235
234,074,542
230,026,843
IMPORTS AND EXPORTS OF GOLD AND SILVER AT
SAN FRANCISCO.
in Paris is that the negotiations will be brought
an end in about a week or ten days, and that the loan will
to
be brought out either at the end of this month or early in
November. There are other large loan operations in contemplation in which Paris and London will participate.
And it is strongly desired by the great banks in Paris that
the Russian loan shall be gotten out of the way as speedily as
November may in great part
be free for the other operations. The French bankers consider December an unfavorable time to bring out a large
possible so that the
month
of
of the French bankers will
that be so, probably the RusAfter
sian loan will take place about the end of this month.
become exceedingly
that, the impression is that Paris will
active. The revelations of the "Matin" respecting the recent
issue,
and probably the wishes
prevail in St. Petersburg.
If
dispute between France and Germany has not much affected
the Bourse.
There was at one time a good deal of indignation against M. Delcasse, who was supposed to have caused
the revelations. Theeditorof the "Matin," however, denies
that, and the opinion prevails that, owing to the Anglo-
Japanese alliance and to the fact that Russia is once more
free to take part in European affairs, there will be no renewed
attempt by Germany to bully France. Consequently there
is a very hopeful feeling in France, and the best opinion is
that business will become more active than it has been for
years past.
Through the courtesy of the Collector of Customs at San
In Germany trade continues exceedingly active and so
Francisco, we have received this week the details of import-;
endeavoring to check
and exports of gold and silver through that port for the does speculation. The banks are
speculation.
Some of them, indeed, with that object in
month of September, and they are given below in con junction with the figures for preceding months, thus completing view, are requiring their customers to repay a portion 01 the
the results for the nine months of the year 1905.
The im- loans made to them. But, though there has been some
ports of gold were of small volume, reaching only $151, 781
decline in prices, the bank- as yet have not met with marked
of which $8,802 was in coin.
Of silver there came in $172,The public, in fact Is convinced thai the tightness
395, wholly bullion and silver in ore. During the nine months success.
there was received a total of $1,680,611 gold and ?1 ,909,668 of the money market will very soon come to an end and that
,
,
,
THE CHRONICLE.
1292
t
VOL. LXXXI.
France.
U.S.A., £805,000. Shlpmenta
then speculation will turn out to be exceedingly profitable. Shipments —Germany. £28,000; £70.000;£22,000; £56,000; India, £204.000
—Russia, £780.000; Germany.
France,
MEXICAN DOLLARS.—
As a matter of fact, money is returning from the interior to have been shipped to India. There la no fresh business to report in dollars. £69.500
But at the same
the Imperial Bank in very large amounts.
The quotations for bullion are reported as follows:
GOLD.
time the rates of interest and discount in the open market are
Oct.- 12. Oct. 5.
SILVER.
Oct. 12
Oct. 5.
London Standard.
s.
d.
s.
d.
d.
d.
London Standard.
rising.
To cause this rise, the Imperial Bank has sold in the Bar gold, fine, oz
77 9%
77 9% Bar silver, fine, oz
28
28%
" 2 mo. delivery... 28 1-16 28%
U. S. gold coin, oz
76 4% 76 4%
open market Treasury bills which it held in large amount. German gold coin, oz__ a76 4% a76 4% Bar silver, containing
French gold coin, oz.. a76 4% a76 4%
6gTg. gold, oz
29
29
Thereby it has greatly diminished the supply of money in the Japanese yen, oz
a76 4% a76 4%
4grs.gold, oz
28 13-16 28 13-16
3grs.gold, or
28%
28%
open market and increased its own command over the marCake silver, oz
30%
30%
a Nominal.
Mexican dollars
nom.
nom.
ket.
It is not thought in the least probable that there will
The following shows the imports of cereal produce into
be a further advance in the discount rate of the Imperial
Bank unless, indeed, the Bank of England has to put up its the United Kingdom during the season to date compared
with previous seasons:
rate to 5%.
In that case it is generally understood that the
.
Imperial Bank will raise its rate to 6%.
The Directors of the Bank of England made no change in
their rate of discount this week.
Nor does it seem likely that
they will make any change next week. Whether they will
be able to avoid a 5% rate for the remainder of the year is
yet, however, very uncertain.
There is a very strong demand for gold for Egypt. For the moment, the Argentine
demand is suspended, partly by the great strike in Buenos
Ayres and partly because a very considerable amount oj
gold has already been received and the drawings against the
new crops have not yet begun. It is believed, however, that
there will be further gold shipments before the year is out.
The general impression both here and in Paris is that, however great the demand for Egypt and Argentina may turn
out to be, the Bank of England will not put up its rate to
5% on account of that, for it is reasonably concluded that
the Bank of France will allow of gold being withdrawn from
it both for Argentina and for Egypt, if necessary, in order to
prevent the London money market being disturbed just
while great loan operations are going on.
But if there should
be a strong demand for the United States as well as for
Egypt and Argentina, every one agrees that it will become
incumbent upon the Bank of England to raise its rate.
The India Council on Wednesday offered for tender 90 lacs
of drafts, and the applications exceeded 776 lacs at prices
ranging from Is. 4 1.32d. to Is. 4 3-32d. per rupee. Applicants for bills at Is. 4 l-32d. and for telegraphic transfers
at Is. 4 l-16d. per rupee were allotted about 8% 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. 12
Oct. 14
Oct. 15
Oct. 16
£
£
£
£
£
29,374,640
8,491.728
41,040,766
Governm'tsecuritles 18,513,329
Other securities
28,251,186
Reserve.notes&coin 20.586,064
Coin&bull.,both dep 31,510.704
Prop, reserve to lia-
28,403,200
5.029,657
44,240,186
16,298,118
23,645,078
41%
p. c.
p. c.
37,051,529
28,960,840
6,388,430
43,139,126
19,975,056
25,501,353
21,859,178
32,369,818
29,649.950
7,291,466
42,021,172
16,343,540
28,199,911
22,644,085
34,119,035
54%
Circulation
Public deposits
Other deposits
bilities
44
45%
^,7,098.329
29.696 190
10,189 207
41171771
18 016 765
25,964 380
25.255 939
37 177 129
49
3
rates for
money have been
Oct. 13.
Banklof England rate.
Open market
rates
4
—
Bank bills— 3 months
3%@3%
Sept. 22.
3
Oct. 13.
Bank
Hamburg...
Frankfort
4%
4%
4%
2%
2%
5
2%
3
3% 3 7-16
5% nom.
4
4%
5
4%
Amsterdam
Brussels
Vienna.
St. Petersburg
Madrid
Copenhagen
Pixley
&
Oct. 6.
Open Bank
Rate. Market.
3
2%
5
5
Messrs.
3%@3%
3
Open
Rate. Market.
3
2%
5
3%
5
3%
5
3%
Sept. 29.
Bank Open
Rate. Market.
3
4
4
Bank Open
Rale. Market
"j,
3
2%
3%
4
3%
3%
4
3%
3 9-16 4
3 5-16
2%
2%
2%
3
3% 3%
5% nom.
4
4%
2% 2%
3
2%
3% 3%
5% nom.
4
4%
5
4
4)4
Sept 22
Average
1902-03.
10,917.198
2.260.546
2,649,539
15,136,682
18.246,612
26s.
9d.
27s.
2d.
wk.
price, season.
16,397,331
25s. lOd.
28s.
4d.
15,833,283
6d.
25s.
30s. 2d.
29s. lid.
The following shows the quantities
maize afloat to the United Kingdom:
Wheat
equal
Flour,
Maize
The
This week.
1,080,000
200,000
965,000
British imports since Jan.
1
4
IMPORTS.
1904.
£
410.409,829
May
July
August
September
Nine months
The exports since Jan.
have been as
May
.:
August
September
Nine months
4
August
September.
Ninemonths
Note. The aggregate
—
ments have been made
Per Cl.
+ 906,412 +3.8
+ 1,374,250 +5.7
+ 3,819.027 + 15.7
+ 653,634 +2.8
+2,920.604+12.0
+ 1,915,627 +7.9
+ 3.037.469 + 12.3
+ 3.157.956+12.0
+ 3.421,801 + 13.2
produce since
1904.
Difference.
Per Cl.
£
£
5,712.000
7.405.341
5,946,649
6,754,370
5.585,686
5,685,959
5,293,714
5,378,489
4,771,996
57,776,644
May
52.507,204
figures are official.
They indicate
in the monthly returns as issued.
+ 401,887 +7.1
+ 214.382 +2.9
+ 865.560+14.7
—450,493 —6.7
+ 1,219,747 + 22.2
+ 740.205 + 13.2
+ 479.764 +9.0
+ 1,049, T47 + 19.8
+ 749,241 + 15.9
+5.269,440+10.0
that slight adjust-
—Per Cable.
daily closing quotations for securities, etc., at
London
Week ending Oct. 27
Consols, new,
& Santa
Preferred
Baltimore & Ohio
Atch. Top.
91%
Fe
116%
101
101
177%
Canadian Pacific
Chesapeake & Ohio
Chicago Great Western
Chlc.Mllw. &St. Paul
Denver & Rio Grande
10S
116%
Preferred
Mo. Kans.
177%
58%
22%
185%
34%
89%
50%
89%
74
185
157
& Texas, common
25%
34
Preferred
71
National RR. of Mexico
37%
Y. Central & Hudson Riv.154%
N.
&
N. Y.Ont.
Norfolk
&
Western
Western,
Preferred
:
;
56
common 88%
94%
Tries.
Island
London
186
34%
90%
50%
83%
74
185
157
25%
34%
71
37%
56%
89
94%
157
99.62%
90%
108
108
116%
116%
100%
176%
58%
186'!
187
35
58%
22%
35%
90%
50%
83%
74%
185%
157%
25%
34
100 %
177%
58%
22%
90
50%
84
74%
185
157
25
34%
71
37
157
37
157%
56
89%
95%
90
95%
212
190%
190%
74%
190%
51
51
32%
72%
33%
73 %
37%
37
..101%
136%
Union Pacific, common
100%
Preferred
U. S. Steel Corp., common.. 39%
Preferred
107%
22
Wabash
Preferred
Preferred
43
Debenture "Bs"
76%
£
101%
138%
100%
39%
108%
22%
43%
77%
sterling per share.
6!^
107%
116%
100%
176%
212
74%
63%
47%
88 7-16
6%
91%
214
74%
63%
47%
Co
b
22%
Thurs.
28%
SS%
99.70
189%
Southern Pacific
Southern Ry., common
a Price per share,
59
91%
Wed.
28%
88%
88 9-H
212
Northern Pacific
Northern Securities
a Pennsylvania
a Reading Co., common
First preferred
a
Second preferred
a
Rock
92%
108
Central
Louisville & Nashville
Mexican Central
were canceled this week, and with a temporary
recovery in the Paris cheque to 25.17 the Bank of England has been able to secure
£111,000 by paying a slight premium. To-day the cheque is easier at 25 16 and
there is some inquiry for Paris. Over £500,000 is due on the market next week
The Bank has received £5,000 in addition to the above, making a total of £116 000
while £550,000 has been withdrawn, of which £500,000 has gone to Egvnt For the
week— Arrivals—Cape, £262,000; New Zealand, £1S,000; Chile £8 000- Australia
£10,000; total, £298,000. Shipments— Bombay, £67,000; Colombo
£5 000
Calcutta, £10,000: total, £82,000.
For the month— Arrivals— France' £2 >'000
South America, £85,000- South Africa, £ 1,512,000; India, £809,000. Shipments—
France, £1,429,000; Egypt, £550,000: South America, £1,163,000; South Africa
India. £237,000; U. S. A., £658,000.
SILVER. The feature in the silver market has been the smallness of the amounts
on ofler, and although the inquiry has been limited, we close, unchanged on the
week at 28%d. cash, with forward 7-16d. under. There is practically no business for
the East, the price remaining at Rs. 7\}4 for shipment. For the week Arrivals
New York, £240,000; New Zealand, £5.000; Australia. £3,000; total. £248 000
Shipments— Bombay, £41,500; Calcutta. £40,400; total, £81,900. For the month-
Mon.
2%
Second preferred
4
1
Sal.
d. 28 15-16 28 13-16 28%
88%
s8%
per cents.. 88%
SSi 4
For account
88%
88%
99.55
99.55
French Rentes (in Paris). fr. 99.50
6
6 Anaconda Mining Co
6%
6%
Silver, per oz
Illinois
Abell write as follows under date of
—
£
6,113,887
7,619,723
6,812,209
6,303,877
6,805,433
6,399,164
5.773,478
6,427 636
5,521,237
July
Difference.
221,188,788 +21,206.780 +9.5
£
June
+12,044.954+3.0
colonial
1905.
April
+2.658,642
£
242,395,568
+95
+65
+4.423,048+10.4
24,083,865
23,894,813
24,251,796
23,484,834
24,332,089
24,069,770
24,783.582
26,359,880
25,928,659
The re-exports of foreign and
Jan. 1 show the following contrast:
January
February
March
+3,785,237
1904.
£
April
—
+2.052.809+4.6
+300.023 —0.8
follows:
24,989.777
25,269.063
28,070,823
24,138,468
27,252,093
25,985,397
27,821,051
29,517,836
29,350.460
.
June
July
1
1905.
EXPORTS.
January
February
March
Per Ct.
£
+1,633,940 +3.5
—1.265,582 —2.9
+291.037 +0.5
4.2
—1.898.937
398,364.875
April
June
380,000
880,000
Diligence.
£
46,132,520
44.110.519
48,692,275
45,181,763
44,780 098
43,196,784
40,956,601
42,439,943
43.074,006
March
1903-04.
1,625.000
have been as follows:
47,766,460
42,844,937
48,983,312
43.282,826
46.832,967
43.557.407
44,741,838
46,862,991
45,732,648
Preferred..
2% 2%
3
2$
3% 3 7-16
5U nom
4%
3%
—
1904-05.
2,550,000
150,000
1,220.000
1905.
January
February
Id.
27s.
wheat, flour and
of
Last week
1,190,000
210.000
800,000
qrs.
qrs.
qrs.
to
Erie, common
First preferred
October 12:
GOLD —All orders for New York
;
TotalAver, price wheat,
1903-04.
11.476,609
2,473.688
2.447,034
as reported by cable have been as follows the past week:
3% @3 15-16
Trade bills—3 months
4@4%
—4 months
4%
Interest allowed lor deposits —
By joint-stock banks
2%
Paris
Berlin...
1904-05.
11,600.800
1.310,000
2,159,882
1,507,600
5,320,112
home-grown..
Sales of
The
3 5-16
3%
3%
3%
3 5-16
3%
4@4%
3%<ffi3%
3%
4%
4
3%@4
2%
iu
2)4
By discount houses
Atcall
2%
2)4
2%
1%
7tol4days
2%
2%
2%
\%
The Bank rates of discount and open market rates at the
chief Continental cities have been as follows:
4
Interest at
1905-06.
Imports of flour
English Financial Markets
Sept. 29.
4
4
3 15-16@4
3 15-16
— months
—6 months
Ram of
1):
Wheat imported, cwt. 11,418,900
as follows:
Oct. 6.
1902-03.
10.917,198
4,813.510
2,384.337
199,681
345,832
3,479.282
2,266,546
1903-04.
11,476,609
5,874,401
1,513,267
424,309
419,678
7,536.008
2.473,088
Supplies available for consumption (exclusive of stock on
September
RE-EXPORTS.
Bank rate
4
3
4
4
Consols, 2% p. c...
88 11-16
88 3-16
88 9-16
93 1-16
93%
Silver
28 7-16d.
26 9-16d.
28 l-16d.
23%d.
26 9-16d.
Clear.-house returns212,582,000 184,726.000 170,832,000 212,256,000 198,07S,000
The
1904-05.
11,000.800
3.855.800
1,468,000
268,343
312,921
5,876,100
1,310,000
1901.
Oct. 11
IMPORTS.
Six weeks—
1905-06.
Imp'tsof wheat, cwt.. 11,418,900
Barley
3.725.700
Oats
1,638,200
Peas
393,455
Beans
184,050
Indlancorn
6,951,100
Flour
1,507,000
63%
47%
51%
33
73%
37%
74%
64%
47%
51%
32%
73%
38%
102%
137%
102%
137%
100
100
39%
108
22%
43%
39%
108%
21%
77
78
43
22
186
35%
90
50
83%
74%
184%
156%
25
34
70%
37%
56%
90
95%
156%
209
190
74%
65
47
51%
30%
73%
37%
102
137%
99
39%
107%
22
43
77
H
.
.
WT'MKXT. — In
addition to the other tables given
in
department] made up from weekly returns, we give the
following figures for the full months, also issued by our New
York Custom House. The first statement covers the total
imports and exports of merchandise and the Customs receipts
for the nine months of the last two seasons.
this
al
New
Customs
York.
at
Month.
Imports.
at
its
Receipt.*
New
York.
Exports.
.
1903.
$
January
1904.
S
51.497,193
57.43
182.380
50.361.125
47. SUM. 244
48.254,991
42,676,639
52,798,439
49,280.970
60,787,016
66.183,435
70.546.661
5S.243.120
Febru'y
March..
April...
May...
June...
July
50.092
51.186.SS9
64.208.572
. .
Aunust.
Sept'ber
mo
1906.
1905.
-i.
190
1.
S
45,350.536
39,210,736
43,569.116
41,092,679
36,404,988
39.322,465
35.050,730,
39,594.990
44.5S5.536j
42,508,066
38.180.015
47,289,626
49.17S.410
43,365,563
1.292
40,185,484
48,845,396
45.900.930
14.70S.SS4
14,506,985
14,913,203
13.108.256
12,109,942
15.S4S.90i'.
14,597.442
15.781,796
12.530.167
12,090,300
13.142,232
14.53S.SS0
17,507,282
17.030.037
-293
I
—
Corn
Wheat.
Flour.
DOb.lOBBs. bush 60 lbs
724,600
187,61
Chicago
297, 140
94,150
Milwaukee
1,612,648
Duluth
197,600
3.097,070
Minneapolis.
224.000
roledo
88,338
7,200
Detroit
19.547
1.478
Cleveland
47.475
605,391
St. Louis
16.800
26.600
Peoria
1,259,000
Kansas City.
13. 321. 948
12.991, 14S
15.015,971
15.042,410
Tot. wk. '05
Same wk.
Same wk.
'03
Since Aug.
1905
1904
1903
I
'.1.250
74,000
125,417
99,356
22i',,; 90
330,000
266,000
6,580.142
bu.MUbs.
1,131,015
80,222
837,100
11.1,00
707. 103
:; is. mi)
83,680
9,800
15,800
275.442
512,100
339,800
117,600
173,750
104,400
11.000
14,400
6,789.543
3.627,682
4,795,106
2,450.186
1.819,700
3,641,125
7.547,44:1
Rye.
Barley.
lbs.
3,503,582
30S.000
664,659
1,014,660
117,900
1,283,900
22,800
2,674
7,844,834
561,017
497,499
624,520
'(14
Oats.
bush. 32
biish.
i
Merchandise Movement
.
.
Breadstuffs Figures Brought fromPage 1331. The statements below are prepared by us from figures collected by
The receipts al Western
the New York Produce Exchange.
ports for the week ending last Saturday and
lake and river
since Aug. 1, for each of the last three year-, have been:
ommcvcuil and iWisceUancousJUuus
FOREIGN TRADE OF NEW YORK MONTHLY
si
.
THE CHRONICLE.
Oct. 28 1905.]
(T
.
3.302,728
2.594,950
2.471.001
266,532
321,854
211,557
1
78.186.428
6,891.120
4,777,631
5,271.522
41,172,076
37.026.124
46.297,480
78.467.4.10
69.881,718
75,200.801 24,636,712 2.486.706
62,215.277 24,510.270 2,513,274
45,066.295 21,509.186 2,108,931
Total. 534.65S.174 450,022, S00 400,414,772 364.794.770 133, G73.038i 125.721.747
The imports and exports of gold and
months have been as follows:
silver for the nine
Gold Movement at Netc York.
Silver
— New York.
Total receipts of flour and grain at the seaboard ports for
the week ended October 21 follow:
Flour,
—
Receipts al
bbls.
New York
155,405
51.637
7,114
71,827
77,321
2,050
25,317
13,114
Boston
Month.
1905.
Imports.
1905.
1904.
Exports.
1905.
Exports.
Imports.
1905.
1904.
Portland
Philadelphia
Baltimore.
July
Auuust
314.401
010,959
3.333,176
1.151.484
207.009
763.140
409,424
413.224
September
1,881,9361
S
$
$
9,112 15,008,907
812.454;
174,920 14,647.636
636.285
257,074 2 292,099 2,863,058
21S.934 1.136.912 19.27S.579
115.739 41.678.607
1,152,086
890,662
712,309 3.90S.573
155.309, 1.041,294
535.552
127,900 8,2Sj,022
243.588
455, 42S
2S5.100 1.256,345
9.205, 14S
7,449,426 38,624,160 76.234. 624i 4,432.090 28.G64.732
$
January
February
March..
April
May
June
Total
$
325, 706
226, 314
655, 043
788, 386
508, 220
238, 130,
4S4, 575
$
138. S65
567,990
059,023
480,767
416,719
770.032
781.016
676,154
New
,774.166
173, 883
1.231, S33
on through
—
Auction Sales. Among other securities the following not
regularly dealt in at the Board were recently sold at auction
By Messrs. Adrian H. Muller & Son:
Stocks.
Stocks.
50
Hudson
Consuin.
Co.
Brew. Co
25 United Nat. Bank
8Chem.
10 N. Y.
73
92
Nat. Bank. ..4361-4400
& Long Branch^
Steamboat Co
Y. & Mon. Park
50
Steamboat Co
Nat. Park Bank
489H
Trust Co. of America
744
Northern Ins. Co. of N. Y. 100
Peoples Tr. Co. of Bklyn.
340
Franklin Tr. Co
368
N. Y. Life Ins. &Tr.Co_. 1090
Title Guar. & Tr. Co. 666-667^
1425
U. S. Trust Co
U. S. Title Guar. & Indem. Co.
128
Am. Slate Co., com., 810
25 N.
15
5
50
20
10
4
14
1
50
100
each
95 lot
90 Mutual Alliance Tr. Co.. 200
By
Messrs. R. V. Harnett
25 Realty Associates... 173&173H
10 Guaranty Tr. Co
624 Y
2
10 N. Y. Trust Co
725
25 N. Y. Mutual Gas L. Co..270K
20 Mortgage Bond Co.
100
532
7 Home Ins. Co..
50 Farmers' Loan & Tr. Co.. 1481
100 N. Y. Mtge.&Security Col84M
13 Bowling Green Tr. Co...
215
70 R. R. Mabie Roofing Co
81 per share
100 Atlantic
Roofing
Co.
$1 per share
Bonds
S10, 000 Standard Milling Co.
1st 5s
1930
S15.000 Bay Ridge Park Imp.
Co.
6sdueMav
1
&
Orleans. a
Galveston
Montreal
43,025
Total week
Week 1904
5
—
962.306 616.630
704,277
New
Per
When
Cent.
Payable.
this
week.
Books Closed.
Days
Inclusive.
32,011
46,540
Orleans for foreign ports
to October 21
1
com-
33,730,744
44.167,029
38,642.601
3,299.649
716,215
82.443,135
85,851,380
42,911,649
2,988,740
3,635,326
111.222.382
14,610,938
42,310,922
2.009,483
3,974.759
.•..171,583,009
120,556,238
217.830.230
174.128,484
Barlcv
.
Total grain.
The exports from the several seaboard ports for the week
ending last Saturday are shown in the annexed statement:
Wheal,
Corn,
Flour,
bush.
bush.
bbls.
157,704 270,509
299,314
168.197 33,263
40,000 111,427
69,371
68,617
64.706
7,114
17,127
30.840
23,781
25.317
37,889
...
Rye,
Barley,
bush.
Peas.
311,604
222,674
8,492
38.527
100,000
220,430
91,042
23,632
270.760
131,569
1,893
Total week
1,872,891 553,187 230.406
Same time 1904...
8,000 381,053 116,018
941,321
122.890
445,285
10.297
10,385
38,835
Exports from
New York
—
Portland
Boston
Philadelphia
104,000
176,120
927,556
Montreal
bush.
of these exports for the
week and
bush.
since
as below:
is
1
Oats,
bush.
-Wheat-
-FlourSince
July
Sinee
1
July
Week.
1
Week
-CornSince
July 1
Exports for week and
1905. Oct. 21.
Oct. 21.
1905.
Oct. 21.
since July 1 to
bush.
bush.
bush.
bbls.
bbls.
United Kingdom
167,004 1,267,330 1,289,812 6,057,616 350,046
Continent
446,291
580,079 3,001.598 195,612
31,253
285
So. and Cent. America. 13,638
241,101
35,589
3,000
West Indies
340,353
2,724
5,928
15,704
Brit. No. Am. Colonies
623
56,326
"'."'.
""1*316
'.'."'-'.
Other countries..
2,184
59,189
—
The following dividends have been announced
Company.
934,8812,465.960 493.331
1902.
17.443.057
Week
oj
6*9*582 13*6*359
7.144,465
944,279
Wheat
Rye
2,599
24,862
750
1903.
17.173,386
lot.
DIVIDENDS.
Name
64.200
42,000
79,000
_
1904.
13.854.691
The destination
.860 per
220; 400
26.400
1905.
9,998,907
bbls.
Corn
Oats
July
Bonds.
428,570
640,382
32,620
975
bush. 28,909,577
80,431,004
54,153,684
Receipts oj
Flour
Co.:
15 Tidal Oil Co. 1st 6s
68,352
141,369
20,810
Total receipts at ports from January
pare as follows for four years:
Newport News
40
*,826
Oats,
bush.
lading.
84% New Orleans
Galveston
RR.
bush,
998,100 237.200
232,500 93.372
bush.
a Receipts do not include grain passing through
bills of
Rye.
Barley,
bush.
345,850
7,100
446,810 2,426.247
301,171
464,503
Baltimore
1900
$15, 000 Cross Country
Co. 1st 4s 1951
--
Richmond
Newport News
Corn,
Wheal,
bush
568,100
192,660
299,314
98,461
206,244
63.496
5,000
59,000
88,000
845,972
1905.
bush.
8,670,135
7,431,411
105,540
388,090
39,039
15,714
Railroads (Steam).
A
2y
2
Second preferred
Norfolk <fc Western, com
Bank*.
2
Nov.
Nov.
2
Dec.
Astor National (quar.)
o
Bowery
3
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Georgia Southern
Florida, 1st pref
(quar.).
_
Fourteenth Street (quar.)
2
Germanla
10
Lincoln National (quar.)
Nassau (No. 105)
5
4
N. Y. Natl Exchange (quar.)
Trust Companies.
Broadway
(.No. 106)
_
Farmers' Loan <k Trust (quar.)
Hamilton. Brooklyn (quar.) (No. 54)..
Klnes County, Brooklyn (quar.)
People's, Brooklyn (monthly)
Miscellaneous Companies.
American Chicle, com. (monthly)
American Dlst. Tel. (N. Y.)
American Radiator Co.. pref. (quar.)..
Common (quar.)
Central District A- Print. Teleg
Cleveland A Sandusky Brew., pref
Lord A Taylor, com. (quar.)
New Central Coal
New England Tel. A Tel. (quar.)
Pennsylvania Steel, pref.
Pressed Steel Car. pref. (quar.) (No. 27)
8yraeuse Lighting, nref. (ouar.)
2
3
10
r>
i
i
i
\*
2
1H
fi
1H
!§
JiL
Nov.
.Nov.
Nov.
Nov.
Nov.
Nov.
1
8 Nov.
1
8
to
to
15 Holders of rec.
Nov. 7
Nov. 7
Nov. 29
1
1
1
1
1
1
1
Oct. 28
Oct. 25
Oct. 21
Oct. 31
Nov.
Nov.
1
1
Holders of rec. Oct. 31
Holders of rec. Oct. 25
Nov. 1
Oct. 21
to
6 Oct. 25
1 Oct. 21
1 Oct.
25
1 Oct.
26
1
to
to
to
to
to
to
to
Nov
Nov
7
1
Oct. 31
Oct. :'.l
Holders of rec. Oct. 31
Nov.
Nov.
Nov.
20 Nov. 15
Nov.
Nov.
5
9
Dec.
Oct.
30 Dec.
4
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov
Nov
Nov
15
31 Oct. 25
to
to
to
to
to
Jan.
Oct.
20
1.)
15
l
31
Oct. 26
1
Nov
1
33,000
219,000
375,000
110,000
567.000
216,000
11,000
1.658,000
Baltimore
New Orleans
Galveston
Montreal
Toronto
Buffalo
"
afloat
,
of the busini
called to the offering
by E. H.
Rollir
Particubond-.
Sons of $382,000 Chicago South Park 4%
lars will be found in the advertisement on another page.
574,000
1,666,000
1,392,000
210,000
Barley,
bush
86,000
309,000
765,000
138,000
16,000
1.758,000
18,000
8*7*8*666
428,000
619,000
I6i~6d6
1.766.000
IOO.606
364,000
175,000
1*4*2*666
15V.666
3.516,000
872*566
5,423,665
2¥o",666
275.000
11*666
2*62*666
l'e'ooo
541.000
2,873*0"66
175.000
1.412.000
3,829.000
722,000
103.000
49.000
881,000
4.000
nun
1.000
1.000
afloat
Chicago.
afloat
Milwaukee
1
—
Rye,
bush
23,000
Oats,
afloat
Detroit
afloat
William
I't. Arthur
Duluth
1.429,000
1.007,000
2.305,000
It.
is
15,000
8,000
219,000
114,000
20,000
106,000
bush.
1,984,000
afloat
Boston
1
Oct. 21
Oct. 21
Nov 22
Nov
Corn,
bush.
340,000
Wheat,
Toledo
1
Holders of rec.
Oct. 28
to
15 Holders of rec.
Holders of rec.
23 Nov. 3
to
1 Oct.
22
to
bush.
621,000
New York
Philadelphia
Messrs. William Grayson Jr. & Co.. the well known St.
Louis stock brokers, with offices at 405 Olive Street that city
have opened a New York office at 52 Broadway. The
firm have memberships on both the New York and St. Louis
Stock Exchanges. Mr. Grayson will be personally in charge
of the New York office, while the other partners, J. Will
Boyd and ft. P. Prewitt, will take can- of the St. Louifl end
— Attention
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, October 21 1905 was as follows:
15
15
230,406 2.410,590 1,872,891 9,097.527 553,187 16,649.929
8,000 4,743,597 381,053 9.978,99/
116,018 2,187,106
Total
Total 1904...
afloat
Minneapolis
Louis
"
afloat
Kansas City
4,466,000
2,124,000
St.
In
,960,000
7.000
54,666
1
423, ooo
Indianapolis
•
65,000
10,000
Mississippi
on Lakes
on Canal and
Total Oct. 21
Total Oct.
1
Total Oct. 22
Total on. 24
Total Oct. 26
1
13.000
69.000
169 666
1
1
19
Illver
4,742,000
160,000
TV,. ooo
1905.. 27.207. 000
23. CI 1,000
90.1
loot
24,65
22,484.000
1903
1902. .29,91s, 000
3.802,000
4,432.000
River.
1
.
000
69,000
b
[2
1,000
nun
I
(32
000
400,(11111
3 440
7.324.000
2 188.000
2.1
17,066
1,00(1
270 OHO
1,565,000
5.524.000
000
1,000
22,61 t.ooo
,.000
7
622
>
1,616
1,020
1
'i
in
,000
,000
3.102,660
THE CHRONICLE.
1294
.New Kork City Clearing House Banks.— statement oi
condition for the week ending Oct. 21, 1905, based on aver-
age of daily results.
We omit iwo Hphers (00) in
BANKS.
Surplus
Capital.
Loans.
all cases.
t
Deposit''
00s omitted.
fie.
lxxxl
flew York City, Bo-ton and Ptifladf Iphia BanUs.— 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.
is
We omit two ciphers (OO)
Lei/als
Specie.
[Vol.
Capitals
BANKS Surplus.
Specie.
Ixtans.
in all these
ririiires.
De-
C ItCU-
posits.*
Leqals.
lation
Clearings.
s'ue.
N. V
*
9
Bit. ol
N. Y
ilauhat.
2,000,0
2,060,0
3.000.0
2,632,1
2,400,9
1.379,7
3,384,3
1,6011,0
(Jo.
3,776,11
Merchants'
Moilmnicg'
America....
2,0<Hi
I'liciux
1,000,0
t
25,0ii0,(>
Oity
Chemical ..
Merch. Ex .
300,0
600,0
Gallatin
1,000,0
Bui.* Drov
Meeh.&Tra.
Greenwich.
Amer.Exch.
Commerce..
Mercantile
Pari tic
Chatham
...
...
People's
N. America
Hanover
...
Irvintr
Citizens'
..
300,0
70ii,0
600,0
5,000,0
26,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
Side..
1,000,0
2,550,0
600,0
1,000,0
1,000,0
2,000,0
750,0
1,600,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
760,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
Seaboard ..
lstN.Bklyn
600,0
300.0
Nassau
....
Mar.<fc Fult.
6)ioe<fcLthr
Corn Exch
Oriental
.
...
& Trad
Imp.
Park
East Kivei
Fourth
Second ....
First
N.Y.Nt.Ex.
Bowery ...
N. Y. Co ...
German Am
Chase
Ave..
Filth
German Ex.
Germama
..
Gartieid ....
Firth
Bk. of Met..
West
;
1,000,0
1,000,0
N. Y.Pr.Ex
A mat,
New
600,0
360,0
.
Total
...
•
16.466.0
23,633,0
12.193.8
19.895,0
22,463,7
6,688,0
223,8
18,260,0 164, 079.
7,806.5 23.718,6
5,011,8
362.2
2,289,9
8,186,1
2,530.4
130,8
6,296,0
337,2
668,4
3.884,1
4,449.5 28,260,4
12,15'i,2 135,062,7
4,293,3 21,331,0
3,369,8
629,9
6,948.4
1,057,2
431,9
2,220,5
1,924,9 13,506,0
6,891,2 49,164,0
7.324.0
1,081.2
576,7 19,148,2
3,358,1
321,0
6,922,0
1,381,9
7,098,0
441,1
8.246,9 30,706,0
9,341,7
1.097,0
6,632,3 22,806,0
7,221,6 62,444,0
1,232,6
111,4
3,935,3 18.536.2
1,550,8 10,202,0
15,848,6 94,418,2
8.322,0
889,4
3,502,0
769,9
4,839,7
723,6
4,267,0
546,6
4,643,6 43,342,8
9,723,0
1,735,1
3,212,7
740,4
2,763,7
898,2
1,464,4 12,835,1
7.421.7
1,303,8
2,677.3
426,0
8,634,1
1,644,0
(186,3
3,986,0
1,478,0 13,634,0
635,6
4,292,0
2,065,5 10,354,4
613,9
6.671,7
690,8
6,919,3
604,6
4,777,0
$
$
2,309.0
4,733,0
i.eon.o
2,262,0
1,487.0
1.722,0
2,181,9
2,3110,
3,227,0
8,690,8
796,0
43,785,1
4,691,1
302,0
I'.C.
9
14,793.0 26-4
27.161,0 2.V7
16,3X6.(1 26-1
19.427.0 loi
23,803,1 24-2
4.422,0 24-8
8.019,5 161.832..') 32
1,859.7 22.701,0 .'8-8
6.9H1.D 25 3
626.2
619,2
6.037,5 26-7
76.4
2,820,1 23-2
678,0
6,083,0 -'3-4
468.6
4.255,1 26-7
1.826,1
19,766.4 23-6
10.259,6 114,403,1) 2o-4
1,358,1 17,669,1 25-2
406,2
3,801,0 1/-2
939,5
5,917,0 26-1
339,6
2,630,7 26 9
1,744,0 11,440,6 24-6
5,438,9 68,049.3 2b9
371,3
6,777,0 23-5
1,288.8 18.894.9 24-7
432.4
3,792,8 19-1
659,7
6,823,3 25-9
479,2
9,227,6 23-5
4,233,0 37,708,0 24*8
888,6
8,948,7 165
1.339,0 19,641,0 25-2
4,596,0 71,222,0 26'Y
171,9
1,512.2 2o-5
1,938,0 21,209,0 265
1,876,0 10,717,0 24-2
2,256,9 83,917,0 25 8
308.7
7,958.6 26-8
242,0
3,910,0 19-7
491,2
5,805,7 26-3
201,9
4,226.6 233
1,793,2 48,802,1 24-6
386,6 10,804,1 25-7
652,8
3,733,5 21-6
611,0
5,562,6 19-5
1,503,3 13,691,0 23-6
308,8
7,570.8 24-9
166,2
2,601,9 24-1
438,7
9,806,5 22 6
378,0
4,408,0 24-7
1,308,0 16,629,0 34 6
671,0
4,391,0 25 6
450,0
8,315,6 24-8
444,2
6,568,3 25-2
744,8
6,620,2 20-6
163,0
4,630,0 23-4
890,0
937,1
680,9
743,0
680,4
2.851,4
19,824,5
3,099,9
258,5
646,5
368,5
1,074.7
9,629,4
1,221,8
3,394,7
294,7
1,111,4
1,697,9
6.119,0
1,091,8
3,612.0
14,427,0
214,4
3,692,5
721,0
19.429,4
1,827,4
638,0
982,6
785,4
10,222,8
2.391,4
155,0
479,3
1,731,6
1,679,8
472,0
1,786,8
714,0
2,610,0
556,0
1,618,3
1,214,4
625,5
931,0
115,972,7 140,160.8 1026690,1 193,161,3 76,386,7 10238594 26-2
t
t
Sep 30 2S6.183.6
Oct 7 250.13'.,:".
Oct 1 .158.133,6
Oct 21 266,133,5
.0716303 -'01. 606." 76,050,3 10801051 51.060,1 1,603.904,7
i05»74"9 195.1138.4 7 4.063. v 105x^617 4,142.4 3.049.158.4
10302843 mi. 952.1 74,798.7 10261576 64.165.8 1.747,662.4
1026690i 193,161,3 75,386,7 10238594 54,080,5 1,771,999,0
lion.
Oct 7
Oct 14
Oct 21
42,167,6 190,068,0
42,107,5 1*9,237.0
42,167,5 186,406,0
—
Reports ot Non-Member Banks. The following is the
rtatement of condition of the non-member banks for the
«reek ending Oct. 21, 1905, based on average of daily results.
We omit two ciphers (00) in all cases.
Loans d
Sur-
tal.
plus.
Leg. 1.
48,835,0 223,292,0
48,835.0 219,9-<9.0
48,X35,'> 215.098,0
Net
Notes.
Clear'y
Agent.
Other
files.
Deposits
Wash. Hffts
Century ..
Chelsea Ex.
Colonial....
Columbia
..
gonsoi. Nat.
idehty
14th Street.
Hamilton
Jefferson
..
..
Morris
Mt.
Mutual
19th
..
Ward
.
Plaza....,
Riverside
State
12th Want
23d
Ward
..
Union Exch
United Nat.
Yorkville ..
Coal & I.Nat
Metrop'lit'n
34th Street.
$
150,4
133,5
9
734,2
100,0
934,1
200,0
673,0
70.3
100,0
100,0
294.1 3,530,0
300,0
370,0 5,671,0
1,000,0 1,050,5 3,938,0
883,0
200,0
128,9
500,0
91,2 4,628,1
200,0
140,3 4,284,4
400,0
392,0 3,332,4
250,0
145,3 2,810,5
264.4 3,670,1
200,0
215,7 2,615,0
200,0
268,7 3,528,0
100,0
100,0 1,556,8
100,0
100,0 968,7 10,694,0
200,0 137,4 2,158,0
119,3 1,700,8
100,0
618,2 7,211,2
750,0
171,2 2,234,5
1,000,0
306,0 2,705,3
100,0
224,9 2,749,0
300,0
291.3 3,740,9
1,000,0
201,1 1,110,1
200,0
14.9
27,3
23,5
85,8
365,0
453,4
19,0
155,3
247,8
7,5
168,0
26,3
26,7
245,0
17,5
661,0
45,0
58,5
22,8
204,8
40,9
626,7
187,5
233,7
$
37,7
37,8
30,1
331,9
276,0
47,3
45,6
26i»,3
202,7
143,0
78,4
293,8
219,4
181,0
105,0
330,0
215,0
155,9
592,4
56,7
247,1
45,0
47.1
33,6
254.965,0 12,940,0
251,532,0 12,9.9.0
247,970,* 13,044,0
67,603,0
56.1)41.0
6M7O.0
166.346.7
135. 24.0
140.151,1
FOREIGN IMPORTS.
For week.
1905.
Dry Goods
General Merchandise
1904.
1903.
1902.
$2,763,098
12,877,349
Since Jan.
$2,291,962
10,114.201
$2,569,038
9.329,612
$15,640,447
Total.
$2,458,849
10,962,175
$13,421,024
$12,406,163
$11,898,550
1.
Dry Goods
General Merchandise
Total 42 weeks.
$114,750,974
44«,373,196
$97,710,715 $107,552,1 68 (-$101 ,816,550
381,543,183 371.70o.201 352,727.067
$563,124,170 $479,253^98 $479,252,369 $454,542,617
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. 23, and from January 1 to date.
The imports
in
NEW YORK FOB THE WEEK.
EXPORTS FROM
For the week.
1903.
1904.
1905.
$10,885,09!
419.955,7931 385,191,802
•Til3,422.697
Previously reported..
1902.
$9,295,312
399.002.866
$10,195,821
383,611,201
$433,378,490 $396,076,893 *408,298,178 $393,807,022
As the figures of exports as reported by the New York Custom
House from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from time to time adjust
Note
amount "previously reported."
table shows the exports and imports of
specie at the port of New York for the week ending Oct. 21
and since Jan. 1, 1905, and for the corresponding periods in
1904 and 1903.
the totals by adding to or deducting from the
EXPORTS AND IMPORTS OF SPECIE AT
&c
$
58,1
59,0
35,2
416,4
566,0
247,0
63,7
129,5
89,0
197,2
189,4
141,0
209,3
157,0
109,2
178,0
163,0
112,5
458,0
84,2
117,4
470,0
162,3
111,0
$
24,3
75,3
145,0
3,7
25,0
40,0
201,7
98,2
56,6
56,9
17,8
89,5
573,0
86,0
155,3
52,8
85.0
632,3
1
$
582,9
869,8
701,8
4,225,0
6,207,0
2,366,8
855,0
5,123,0
4,681,8
3,158,4
3,254,3
3,758,1
2,814,9
3,746,0
1,714,1
11,737,0
2,659,0
2,106,9
6,933,0
1,235,9
2,981,3
3,365,8
3,399,3
1,109,7
Week.
Great Britain
France
1.
Week.
$306,590
20
263,658
9,990
645
69,226
$20
340
.......
Total 1905
Total 1904
Total 1903
Imports.
Since Jan.
$1,500
25,352,566
...........
5,160,936
93,800
7,507,000
8,000
6,000
7.000
$12,360 $38,123,822
73,925,673
17,000 32,947,218
2,249
Since Jan.
$5,502,911
4.266,136
3,387,008
804,399
226,709
1,361,126
142,980
$641,758 $16,691,267
466,143
8,163,466
38,347
4491,166
West Indies
....
$967
4,000
687,499
9,657
.
$742,930 $27,322,347
538,335
14,517
1,625
147,069
42,310
5.269
$13,164
20
92,647
1,958,674
1,503,631
81,132
$744,555 $28,723,424
592,629
32,189,022
931.395
25,148,993
.
$49,556
36,727
23,970
$3,649,330
849,160
1,394,881
Mexico
South America
All other countries
Total 1905
Total 1904
Total 1903
1,620
Of the above imports for the week in 1905 $6,535 were
American gold coin and $1,751 American silver coin. Of the
exports during the same time $12,340 were American gold
com and
were American silver coin.
—See page preceding.
Brooklyn.
Borough ...
Broadway .
Brooklyn
..
200,0
150,0
800,0
252,0
Mfrs.'Nat..
Mechanics' 1,000,0
Nassau Nat 300,0
Nat. City ..
300,0
North side.
Peoples
17 th
Ward
.
Union
Walla bout
100,0
100,0
100,0
300,0
100,0
114,1 1,989,0
364,8 2,742,1
164,0 2,000,5
628,0 3,871,0
773,5 10,351,2
788,7 5,490,0
592,2 3,473,0
187,9 1,900,1
206,9 1,974,1
101,0
933,6
197,9 6,712,0
101,4
986,6
JehskyCity
First Nat..
Hudson
41,6
22,0
123,1
310,8
243,5
190,0
136,0
24,2
61,0
137,0
62,4
162,4
197.1
61,5
101,7
650,0
371,0
327,0
116,0
154,9
54,9
275,0
35,1
73,6
374,0
31,0
82,5
111,4
63,2
452,0
134,0
304,7 1,824,5
12,4
181,7
206,2
209,9
563,2
748,5
787,0
408,0
80,2
60,3
144,8
86,1
23,5
227,8
172,6
1940
2,301,9
2,903,8
2,124,7
4,687,9
11,649,3
5,644,0
4,006,0
1,901,2
2,093,0
973,3
6,64C-,0
1,064,0
i
400,0 1,103,0
4,966,5
160,2
538,0
6,303,2
250,0
250,0
200,0
663,2
104,4
304,8
2,316,2
74.1
62,6
45,5
65,5
15,8
68,0
174,1
182,1
348,6
98,9
1,912,7
9,3
.
Second Nat
Third Nat..
110,0
125.0
553,4
170,6
2,821,1
1.376,9
126,0
44,6
26.7
37.1
162.2
72,2
243,3
81,1
We
;
;
Branch Office, Albany, N.Y.
Second Nat
Tot. Oct 21 122370 139732 1326218 3,840.8 7,0-15,1 1090n:, 5,096,0 1406931
Tot. out 14 122370 139732 1331449 6,009,3 7.069,9 125600 5,404,2 1434225
Tot. Oct 7 122370 139732 1315222 5,903,5 6,685,3 143974 6,301,7 1444301
William and Pine Sts., New York.
Moffat
Hoboken.
First Nat...
Co,
transaot a general banking business sell and purchase investissue circulars describing short-term and long-term
high-grade bonds; execute commission orders upon the New York
Stock Exchange and in the financial markets of the leading cities.
We also have special representatives in all of the principal cities.
ment securities
2,763,2
1,310,5
1,657,6)
&
Investment Bankers.
1,879,7
968,9
atid ffitmticiaL
Spencer Trask
942,9
25,1
Ranking
Co.
National
1.
."silver.
Or«at Rritain
France
Auction Sales.
Borough ol
NEW YOKK
Exports.
South America.........
$
171.38",9
15n,7o7,I
163,021,4
Imports and Exports for the Week.—The following are
the imports at New York for the week ending for dry goods
Oct. 19 and for the week ending for general merchandise
Oct. 20; also totals since beginning first week January.
Germany ......
West Indies
N. Y. CITY.
Boroughs of
Man&Br'nx
7.637.0
7,552.0
7.540,0
<
t Including for Boston and Philadelphia the Item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on October 2l to $1,401,000; on October 14 to $1,387,000.
Deposit with
Specie.
menu.
223,168,0
5,461,o il9,90 1,0
6,738,0 218,642,0
Pliiln.
Oct 7
Oct 14
Oct 21
Gold.
Capi-
5,3 11,
The following
Total United States deposits included, $8,463,600
BANKS.
Ms omitted.
17.206,0
17.612.0
17,642,0
M embers New
6
&
White,
k'ork Stock Exchange,
. HANOVER BANK BUILDING,
NASSAU STREET,
i>calers in Investment Securities.
COMMISSION ORDERS EXECUTED FOR CASH ONLY.
.
.
.
THE CHRONICLE.
Oct. 28 1905.1
1295
ABSTRACT FROM REPORTS OF THE NATIONAL BANKS MADE TO THE COMPTROLLER AUGUST
!
No.
Hanks
Individual.
Now Hampshire.
M
M
[aland
Connecticut
Til
Nr.v England States
New York
1.522.810
II.
l
!
,'.1,777
40.977.0.;.;
81
24
Delaws
Maryland
Baltimore
71
In
Columbia
Washington City
11
District of
1)00
ii
Florida
Alabama
343.520
003.500
S50.000
9S5.500
021.000
750.000
840,000
67
25
29
Savannah
37,9
,992.500
1,149, 163
20,718,992
4.235.529
2,371,527
1,459.050
792,319
2.600,930
225.000
1,258.945
1,481.670
938.900
1,120.872
1
42.277, 159
24,848, 170
14.056, 820
9,1)59,
003
21.599, 617
927 411
534
1 1,084
Louisiana
New Orleans.
4 645.000
s 425.000
7,820,225
895.000,
720.000
1,020.000
765.9851
2.666.661
2.099.500;
2.459.9S5
413
8,578 310
921
9,273
20.817 ,324
79.093 ,539
8,543 .0,47
5.02G 452
8,021 701
8.802 839
28,384 240
11.824 ;ho
36 410, 531
1,120 103.916.880
Mississippi
6
423
Dallas
Fort Worth
4
7
6
2S
110
8
OS
Houston
Arkansas
Kentucky
Louisville
Tennessee
Southern States
0711,0110
,905,000
ooo.ooii
,594,960
,000.000
,650.000
,450,000
.050.000
2. 8 7 5. 000
10 040,900
3,542.227
021,515,095 20,085,898 1,713,521.419
5.528,465 39.638.141
1.389,481
1,044.0011
312,255
585.075
268,150
30 ,000
1
j
85,01)11
79,811
987 794
373,470,777
9.509,532
415,912,532
8.717.495
6.132,520
10.963.398]
10 ,850.000
,600,000
,550.000
,051.050
4.190.000
3,611.000
853,000
4.894.860
1,950.400
9,804,720,
12,000.000
3.279.288
1,116.000
139.458.867 1.370,158
36.304.9S8 1,234.246
30,976.123
510,039
15.173.261
360.705
74,273.092 1.118.245
17.454.144 1,308.715
136.423,647 1,269,315
139.958,033 1,079.538
517,916
57,995.205]
0117.008
16,723.474
57.292,4391
46; .822
28,443,281
778,833
48.305.047,
305,000
250,970
16.852,252
18.333,904
805,798
63,552.862
964,939
1.660.899
25,000,
2.911,738
349,001
1,583.322
65,658,
20.326.314
162,000!
28,259.645
541.446
4.928.137
180,406!
63.564,832 1,069,746
126.633,418
46,213.319
48,163,439
14,315,110
59,373.156
20.519,950
118,306,454
213,478,547
49,689,200
18,924,853
46,549,121
25.020,865
44.640.608
23,085,135
18,627.213
65.616,784
3,837,664
5.999,935
1,967.754
18,300.466
35,573,024
6,767.015
99,492.336
3.979,665
639.912
2.291.043
673,635
2,479,309
903,975
3,230,057
10,912.232
2.018,597
1.420.072
1,648.357
1,144.378
1,760,764
824.805
1,632,868
1,763,120
174,480
198.139
171 507
606,442
919.002
430,170
2.576.615
922,580
2,116.500
1,229,850
481,480
835.790
1,697,000
1,401,910
20.903.030
303.750
136.990
688.120
805.000
374.480
767.000
405,850
481,390
190,600
218.950
4.000
149,610
2.262,300
37.420
11.481.790
1,704 210.312,413, 80,898.188] 1.020.756 105 18,342.564 1.111.095.438
8
9
Columbus
Indiana
190
Indianapolis
7
Chicago
Michigan
5110.001)
334
.
Illinois
358.8110
,'350,000
,620,000,
12
83
Detroit
5
Wisconsin
Milwaukee
Minnesota
Minneapolis ..
St. Paul
109
6
218
Iowa
Cedar Rapids.
Des Moines...
271
3
5
4
3
Dubuque
Missouri
85
Kansas City..
5
St. Joseph
St. Louis
3
8
Middle Western States
North Dakota
South Dakota
Nebraska
97
72
150
,100.000
,035,000
,550.000
2,014,610,
1.075.000
2.044.700
2,552.083!
1.205.000
3,957,619
169,000
260.000
120,000
1,356,010
1,350.000
700.000
700,000
200,000
15 905.000
300,000
800,000
Oiin.OOO
890,450
4„0,000
550.000
215.000,
10,716.500
740,000,
133
578.853
361.299
1,994.425
176.000
650,000
1.815,576
550,000
188,000
799.600
247.900
1.229.400
1.157.879
284,650
494,625
1,079.830
875
Lincoln
3,498.250
2,790.000
7,485,000
600.000
2.800,000
9.062,500
750.000
500,000
2.895,000
1.085.000
4.092.900
3.000.000
1.341,800
3,780.000
5.628,930
49,309.380
11.608.037
4
Omaha
5
165
2
Kansas
Kansas City
Wichita
4
Montana
29
Wyoming
19
Colorado
68
Denver
Mexico
6
23
New
Oklahoma
98
Indian Territory
Western States
Washington
Oreeon
36
4.012.500
40]
1.910.000
3
1.250.000
76
6.585,300
10
4.800.000
9 11,680.000
Portland
California
Los Angeles
San Francisco..
Idaho
14,518 756
201,975
13.751 821
270.701
is;,, ooo
35.588 258
3,725 211
04,977
17,509 012
892.729
43,904 929>
690,402
3,055 .744
15,000
3.275 ,435
70.000
18,855 251
449,268
6,630 ,372
114.600
33.927 148
268,820
32,690 602 1,144,731
7.194 .476
154.597
12 822 192
247.321
512
11,656
52.378
.8
1,392,636
1.629,805
7
11
2,951.001)
9.477
3.055.049
4.214.592
187.591
582,374
874,922
15.120
352.007
78.922.603
1.3937345
599,113
422,011
325,950
844,249
16,360
680.324
1,069,014
490.072
270.036
523,530
3,114,760
501.374
365.000
794.657
264,893
604.943
1.303,399
1.279.582
4.111.893
14.863.812
815.620
583.147
199,210
202,850
717,203
386,871
902,175
8,978.820
439.225
49.000
308.454
168,045
253,596
31.100
131,121
490,658
52.678
14.902
9,889
122,489
1,495.296
168 084
6.651.851
4,20 1,606
2.730.628
2.698,000
1,160,848
2.014.668
908.455
3.249,732
19.263,148
1,305.943
1,340.358
1.099.564
1,898,186
884.544
871.019
792.605
1,608.011
50 400
280.831
04.895
520,532
666.350
297.158
5.571.234
5,868.489 23;232.284
53,477,715
499,865
352.557
820 474
403.517
1,878,880
1.178,508
737.454
168.976
477,096
106.791
4.549 5
37.713.09S
30 .896,113
I
439,503
289,028
1' 0.995
140,116
257.804
28,700
so 624
229,487
54,182
106,211
647.256
757,051
66,391
22.000
124,149
112,114
174.218
23,000
462.064
380,121
162.106
216,513
48,069
1,185,873
78.625
122.002
122,539
101,071
230.210
97.142
330.482
lo
Cincinnati
Cleveland
309,179
153,694
145.195
191,240
345.972
38,506
283.776
270.150
98,970
29,920
154,470
23.000
57,420
375,240
93,250
120.010
1,241,510
1,056.620
310,000
25,000
600,720
131,310
267,780
451,500
403,370
320
Ohio
.l.'O. |s(|
98,074,340 132 493,890
13.205.235
21,510,323
10,134.395
10.370,400
23.519,470
90.376.193
9,237,616
7 398,440
7,103,371
10.627,380
31.397,232
17.093.705
39.227.630
8
IO.IJJ.009
_
5,387.520
58,810
211.870
1,019,950
44.100
1,513,720
24,922.(577
2.319, 853j
.
7 ,003.488
l
8,78;
~ 302.280
I
070
789.480
24
3,961,159
119,528
403,172
555.505
36,595
61,853
686.204
683,213
330,005
139.007
280,204
4,500
159.983
3G5.G10
75,319
110,696
549,806
2,017,093
289,900
263.805
200,040
155,341
780,794
834,818
777,717
139,9581
75,000
"lis
lis
1,085,9 ii
2,901. 9. ,H
8.7. (1.020
45,878,891
24.032,527
16.414,8851
11.142.183
1,979.910
459,325
473.171
277,513
533.200
139.451
428.030
222,290
1.
,r,l.
4,711,636
47n
1.112.071
I.
:
1.417.716
503,053
842,494
290.273
104.656
1,216,839
1.22 1.702
7,485,839
7. 112. SOS
18.873.110
51.497.990
925,947
18.250.91S
8,10
S
I
62 1,947
212,364
64,74
168,912
1.00
Note*.
2 15.721
883,954 20 ii 1,291
07.111
195,000
81.859
051.310
473.507
780.287
1,440.859
070.7s?
034,503
791,015
499.571
67.260
243,606
388,474
127.069
110.509
117.800
30,106
1,490
61,010
764.113
61.017
130,47
24,000,620
i
11.979.900
1
Tender
241.249
15.170
16,707
1
510.000
761,300
12.515,707
87.995,775
233,027.039
1
1.1
Legal
usury
323.037
209,755
J4.761
290,910,411
19,091,879
104.299.884
150.000
3,04j.oi
,576,000
85
79
4s
21
61
o
34
Georgia
805,849.295
1
62,280
792,840
9,830 080
248,690
712,870
3 in
2.700,810
8,733,951
71,711.201 100,907, son
10.313
i
420.076
2.681,40]
8,620,413
ol
10. 250. 4
i
/>.
CtrHfieat's
S
20S.S0II
1,624,989
Silver.
*
I
156.015,21
193.742,727
43,66
26 7
28 L9 i.OOO
398 800
2.851, 198
6 498 000
105,000
400.000
273 988
702.880
590.700
Silver
421.050.949
1,917
1,318 28S.0S0. 4561226. 807,020
Virginia
Virginia..
North Carolina.
South Carolina.
554,866
I
I3.53i
1
31
367,3
Child
'
1,188,401
455,712
118,230,273
168,639,605
24, 165,652
88.172,182
1.088.193
1,483.413
135,061
iO.000
606
ila
rutsDurith
20,9
1,378.000
2.100
lil,
~~i
12.79
-
I
is 4
Cold and
182
13,80
,73,485
107.181.944
:,
250,000
£ 152.000
*\
Panns]
Eastern
I
17.740 124
188
lersey.
/>/.?-
80,164,620
19.199
I
14 411
3.259,
87,460.000
8 820,260
20.115.050
500 112.99
4
Other.
...
966.001
42 106 650 000
York City.
Albany
Urooklyn
Now
..ODD
60
187
k'husetts
Rhode
2 98
l.i,
Boston
.(
eounls {Inet'g Gold Cl'O II
Trtasury
Overdrafts.)
CtrHtlcattt, CerHticaui.
S
S
9.951.000
M:iine
Vermont
Loans
Deposits.
Surplus.
Capital.
of
1905.
25 1905.
863,806
97,710
212.944
105.751
529,761
77,074
857,831
502,431
312,645
121,216
306.461
130.445
348,571
86,182
186,888
473,199
30,593
34.063
9,927
174,534
216.268
63.741
125.788
42,399,804
48.015,390
14,887,963
12,081.586
29,677,505
5,285,048
20,639,220
36.549.989
5,456,482
3.385.431
14.008,626
5.881.886
18.762,330
15.764.102
5.058.716
10,923,797
14,497.712
349.723
340,266
857.632
74,885
801,495
1,239.678
549,105
158.785
843.339
253.432
1,423.139
2,611.788
244 230
289,928
248,088
116,700
109,880
127,070
1,400
500,680
355.640
40,000
78.500
331,180
24,660
543.890
445.000
46.710
178.250
151,040
143.614
142,424
226,659
37,811
178.629
345,061
19 931
30.943
99.008
49,232
197.860
123,130
72,657
186.624
204.797
88.423
75.536
132.373
3,400
587.257
420,411
10.000
77,000
32,829
12,073
226.531
302.037
36.129
146.065
128,215
1,085.643
2.737.201
243.579
387,952
320.015
259.105.719
4,831.499
214.860,393
10.2 8 5,513
3.050.600
2.058.380
2,278.279
11.398.508
1.555,538
40.000
1.018,929
193.211
234.992
904,290
153,873
89.142
216.146
100,000
71.333
28.108,434
8,481.338
8.131,217
26,393,601
21,740,825
41,886,240
5,250,109
3,365,726
5.259,512
1,292,346
3,019.191
116.529
2,782,444
853.796
2.643,625
2,179,175
5,130,625
7,895.755
369,706
290,945
957,530
77.145
234,620
47.520
2067130
43,020
15.300
125.460
44,170
1,029.410
34,520
8,180
86,690
140
51,580
1.920
173.853
101.635
108.244
283.222
156,623
240. 99J
42.838
20,251
64.988
5.011
37.277
199
176.008
37,430
24,534
40.983
66.491
46.101
62.253
6,811
12.452
82
10,752
5.500'
36.100,496
11,373.001
12,912,170
31.178,310
27.724.153
33,208.995
8,281,763
4,385,467
6.372.065
1,333,301
4.318,674
211.530
355
339,260
45.570
95,940
193,655
251.269
32.803
145.186
19.054
52,820
410
92.237
240
1,411.292
524,627,
700.000
2,067.746
1,428,500
6.358.000
27
1
Arizona
Alaska
Pacific States.
34.622.300
13,60 7.615
177.399.924
4.577.454
153.045,128
23.462,886
1.040.520
1.241.133
574,252
1.268.450
535.000
100,000
Nevada
847.500
1,100.000
407.000
705,000
50.000
236
Lake City.
Salt
1,275,000,
13
4
4
13
Utah
86.000
785,137
251,032
198.100
910.799
18,129
201.675
12,000
10.000
24,596
3.190
35
7.634
20.000
635,000
86.000
1,036.169
198.400
928,928
213.675
10.000
27,786
7.669
2 0.090
Hawaii
Porto Rlco.
Island Possessions.
3
United States
1
348,750
154,000
330,000
45.000i
228,200
90
5,757 799.870,229 417,757.591 3.820.081,713 62,090.299 4.028,414.787 194,010,132 203,322,820 20.691,550 77.454,051 170,0737847
Totals tor Reserve Cities. Etc.
"SO
In Millions.
IS
5
c
a"
5*0
fa
c
'.
$ $ $ $ $ *
19 25 19 23 4 6
2 2
1
Loan*
U.S. Bonds
Stocks, etc
I $ $
8 42 22 15
2 13
..
i
r
1
tenders
resources
it*,
11
64
117
24
'.'.'.'.'.'.'.'.
7 10
"
:;
Other
2
.
.-.tore
30
7 10
180
118
11,7
72
05
IS
800
195
172,1
14
7
2
15
29
469
14
11
19 19
liabilities...
Totals.
is
34
097 3.375 7.472
III
*s
'!':,
I
oro'ntsl
I'l'm
Di"
ISO
11
'
507
320
i.
'Capital
..S'lrplua
:
67
533
259
1
15
2
'.'.'.'"
er
''7,
324
4
Real estate, etc
Due from banks
ni House exchange
National bank notes.
i
$
$
2,154 1.874
34 s
224
%
99 36
13
10
,12
1.777
43
1.
'.10,,
"I
74
097 1,375 7.472
THE CHRONICLE.
1296
For Dividends
Wall
Street,
Friday Night, Oct. 27 1905.
—
The Money Market and Financial Situation. The security
markets showed a broadening tendency and were decidedly
more active during the early part of the week under the inLater the offerfluence of easier money market conditions.
ings have increased, stimulated by the higher stock quotations and approaching month-end settlements, and the highest prices of the week have not generally been maintained.
moreover, an increasing tendency to caution on
the other side, owing to the condition of affairs in Russia
and the possible effect upon the impending Russian loan.
Russian bonds are weak and other securities are depressed
The Bank of Engin all the principal European markets.
land's weekly statement is less favorable than the previous
one, although that of the Imperial Bank of Germany is better
than last week and that of the Bank of France but little
changed. The hindrance to railway traffic in Russia caused
by the strikes has already resulted in an advance in the price
of breadstuff's in this country, and a famine in some sections
of the Empire is threatened if the tie-up should continue.
As noted above, the local money market has been decidedly
easier this week, the reserve of the Associated Banks having
been substantially increased by Treasury deposits. and disbursements.
The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 3 to 43^%. To-day's rates on call were 33-£@
for en4%. Prime commercial paper quoted at
dorsements and
for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £239,440 and the percentage
of reserve to liabilities was 40.17, against 43.21 last week.
The discount rate remains unchanged at 4%. The Bank of
France shows a decrease of 3,950,000 francs in gold.
NEW YORK CITY CLEARING-HOUSE BANKS.
There
is,
4%@5%
4%@5%
Differences
luim
Oct.
1904
Irom
21
%
$
115,972,700
$
115,972,700
140.160,800
Loans & discounts 1,026.630.100 Dec
54.680,500 Inc
•1,023,859,400 Dec
Net deposits
Specie
193.161.300 Inc
Legal tenders
75.386.700 Ino
190-1
Oct 24
Oct 22
previous week
Capital
$
115.572,700
129 874,300
907,099,000
45.862,600
134.fi43.500
3.594.200 1,137.930,400
42.99>>,H00
524,700
2,298,200 1,199,796 700
1,209,200
240,215.500
588.000
77.587,600
8-<9,714,6o0
268.548,000 Inc
205,904,850 Deo
1,797,200
574.550
317.R03.1O0
299 949,175
240.373,100
222.4i8.650
Surplus reserve
12,583,150 Ino
2,371,750
17.853,925
17,944,450
p. c. of
$8,483,600 United States deposits included, against $8,473,700 last
of 1904. With these United
States deposits eliminated, the surplus reserve would be $14,704,050 on
October 21 and 812,329. 825 on October 14.
Note. Returns ot separate banks appear on the preceding page.
*
w»ek and 323,322,200 the corresponding week
—
—
Interest
Oct
Oct
Oct
Oct
Oct
Periods
21
23
V4
25
'4H
I
*?
-
'
1
1
-
*103
•103
•103^
•li»4 >*
•103
•104 34
•104 34
•133%
"134%
—
Railroad and Miscellaneous Stocks. The stock market
has been more active than for several months past. It was
strong on Monday on easier money rates, and a few Issues
have continued relatively strong up to the close. Tuesday's
market was easy on lower quotations from abroad and on
Later in
offerings that were presumably to realize profits.
the week there has been a substantial reaction from the early
quotations, with an irregular tendency throughout the list.
The anthracite group has again been exceptionally strong,
led by Delaware & Hudson, which advanced to nearly
14 points above its previous high record in recent years.
Central of New Jersey added 7 points to the advance noted
last week, while Lackawanna and Reading were about 5
points higher, and Lehigh Valley, on the Philadelphia ExNorth
change, has advanced to a new high-record price.
West., Atlantic Coast Line and Norfolk & Western have
been relatively strong features.
On the other hand, Metropolitan Street Railway declined
6 points, Metropolitan Securities 4J^ points. Canadian
Pacific and Rock Island about 3 points, and a large part of
the active list is about a point or less lower than last week.
Miscellaneous and industrial issues have constituted a
larger part of the total transactions than has been usual of
late, although the list includes few exceptional features.
New York Air Brake advanced over 9 points, and Smelting &
Refining and Grass Twine about 3, while practically all the
iron and steel issues are lower.
For daily volume of business see page 1306.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
sales
STOCKS
Week Ending
Oct
300
Prefened
Amer Dist Telegrash
loo
200
100
AmerTeleg& Cable
Ann Arbor, pref
omstock Tunnel
Detroit Sou Tr Co ctts.
Pi Tr Co ctf *
since
Jan
1
Week
Aruer Beet Sugar
i
Mange
Range for week
for
37
..
Diamond Match
Eastman Kodak
Ft Worth & D C stamped
18
3,100
500
100
9
25 Oct
84 Oct
40 Oct
93 Oct
75!«Oct
08 Oct
11 », Oct
42 >v Oct
14 2 •* Get
152 Vict
100
100 74 4')ct
10 106 Oct
2o 105 Oct
100
8 Oct
lnil 84 7fcOct
200 3-60Oct
100
9 Oct
20 168>?Oct
200
(let
1
1.50O
1
Oct
1,3.0
4 Oct
23
23
2
I
25>?Oct24
84 Oct 23
40 Oct 2*
93 Oct 26
26
24 75
27 •08
'f.Oct
77
2«
86 sep
40 Oct
99 ^Jan
79 J'ne
08 Oct
Jan
May
90>2May
66 Feo
08 Oct
2A
Oct 27
24
23
21 12i4 Oct
23 42 S Oct
23 142 l4 Oct
24 152 HiOct
26 74 'vOct
v3 1 06 Oct
23 105 Oct
21 28 Oct
25 84 7sOct
21 3-60Oct
26
9 Oct
l-^Mar
23»<2Aug
8
39
^•'VSep
13 Sep
J'ue
J'ly
138WIH' 42 i jet
24 48 \Oct 152 ^Oct
23
l
:
<
1
.4
Jan 75 Aug
26
Foreign Exchange. The market was strong again this General Chemical, pref..
23 101 Apr lo7'4 Oct
week. It was influenced, as was the case last week, by a Illinois cent leased lines
23 104 Jan 105 Oct
21
27 J'ly 4()78 Feb
demand for cover for maturing finance bills; the supply was Internal. Steam Pump.,..
25
784Mav 88 V Apr
Preferred
small and few commodity drafts were offered.
Iron Silver Mining
24 3-50Apr 36uOct
9 Sep
26
14 Feb
nominal rates for sterling exchange Manhattan Beach
To-day's (Friday's)
J le.ephone...
21 170 Oct 25 167 Jau 174 Mar
NY
were 4 833^@4 84*^ for sixty day and 4 87K@4 88 for OntarioNSilver Mining...
4 Feb
26
1 Oct 26
1 Aug
34 Aug
23
l^Oct 24
1'sOct
sight.
To-day's (Friday's) actual rates for sterling ex- Quicksilver Mining
4?8 Oct
2*4 Mai
Preferred
23
4VOct 2.5
change were 4 8340@4 8360 for long, 4 8710@4 8725 for RR Securities 111 Cent'l
short and 4 8770 @4 8780 for cables.
Commercial on banks
160 98%Oct 24 98>20ct25 92 Jau 100 l4 Aug
stock trust certificates
100 58 Oct 24 58 Oct 24
58 Oct 72 Wan
4 8310@4 8325 and documents for payment 4 82%@4 84. Rutland, pref pref
10o 115 Oct 2 115 Oct 26 100'gJan llosOct
U S Leather,
Cotton for payment 4 82^ @4 82 %, cotton for acceptance Vulcan Detinning
1,100 11 Oct 21 llt20ct2o
S Apr U'uApr
4 8310@4 8325 and grain for payment 4 83^@4 84.
To-day's (Friday's) actual rates for Paris bankers' francs
Outside Market. The market for unlisted securities
were 5 18%a@5 18^ for long and 5 16J4@5 15%h for short.
showed diminishing activity towards the close of the week,
Germany bankers' marks were 94 9-l6d@94%d for long and the general advance in values being checked, with the
95J^d@95}4 f° r sn °ri. Amsterdam bankers' guilders were strength limited to a few issues. Conspicuous among these
'J
.
Oct
1930
Q Jan -103 U *lU3 l4 •103 4, * 103is •103
1930
oonpon Q- Jan *103S •1' 3' 4 •103 * •103 «e •103
1908-1918. .regihtci.cl U- Feb • 1 03 >v "]03>2 •103«9 103' e -1031?
1908-1918
coupon Q Feb * 1 04 4 •104', • 04 \ -104^4 • 1 04 4
*
•103
•103
•103
03
1908-1918, small. coupQ- Feb •103
registered Q Jan •10434 •104 \ H 5
104 3< *104 34
4s, 1907
coupon[Q- Jan •101 34 •104 34 •104 34 •104 34 •104>4
4s, 1907
registered Q- Feb •133% •133A. •133% •138% •133%
4s, 1925
coupon Q- Feb '184% •134% -134% •134% •134%
4s. 1925
* This is the price bid at the morning board
no sate was made.
registered
2s,
2s,
3s,
3s,
3s,
171.7o6.600
68.666.500
deposits
Deserve held
25
less irregular.
Some of the industrial issues have been conspicuously active.
United States Bonds. Sales of Government bonds at the
Board include $503,000 4s reg. 1907 at 105 and $1 ,000 3s reg.
1908-18 at 103 J^. The following are the daily closing quotations; for yearly range see third page following.
—
page 1293.
see
[Vol. lxxxi
<fe
—
40H@40.15
for short.
at Paris on London to-day 25 f. 14J^c.
range 25 f. 16c. high and 25 f. 14J^c. low.
The week's range for exchange rates follows:
was Standard Oil, which after rising a point to 671, and then
Week's easing off to 667, steadily advanced, the price to-day running
up to 695. The stock is selling 50 points higher than a
Exchange
— -Long-
Sterling Actual
High..
4 8340
Low
4 8310
®4 8360
@4 8320
Parts Bankers' Francs
High
Low
.5 18M
.5 19j|
-Short-
—
@5 18H
@5 18Ma
Marks —
Germany Bankers'
94 9-16d@
High
@
Low.
94Hd
94 9-16|
94J4
Amsterdam Bankers' Guilders
@
@
High
Low
Less:
Plus:
—
1%.
fcl-16ofl%.
a 1-16 of
<Tl-32"of
x 1-32 of
I
I
I
I
|
-Cables-
4 8670
@4 8725
@4 8680
5 16Ji
5 16%a
@5 15%h
@5 16'Aa
4 8710
95K<Z
95 3-16d
1%
2/3-32 of
1
9514
95 3-16|
40 1-16
40.15
40 1-16
40H
h 3-32 of 1%
1%,
14
8770
4 8730
>
4
8780
H 8735
I
I
I
lc
.
The following were the
rates for domestic exchange at the
to-day: Savannah, buying 50c. per
$1,000 discount; selling 75c. per $1,000 premium. Charleston, 123^c. per $1,000 premium; New Orleans bank, 10c.
per $1,000 discount; commercial, 50@25c. per $1,000 premium; Chicago, 5c. per $1,000 premium; St. Louis, 20c. per
$1,000 premium; San Francisco, 40c. per $1,000 premium.
undermentioned
cities
State and Railroad Bonds.
— Sales of domestic
at the Board are limited to
lrust receipts at 153^ to 18.
State bonds
$306,000 Virginia 6s deferred
There has been a larger volume of business in the market
railway and industrial bonds. Prices have been more or
for
month
ago.
International Salt continues to advance.
It
opened the week at 33 J^ and moved up to 39^2, but dropped
American Tobacco early in the
to 373^, the close to-day.
week fluctuated between 348 and 350, subsequently getting
On Thursday it jumped up to 365, the
as high as 355.
close to-day being at this figure.
Chicago Subway has
been much less of a disturbing feature than in previous
weeks. After an advance of 2J^ points to 47^2 it sank to
Northern
It closes to-day at 46 }445, then rose to 48;
Securities was quiet, the stock advancing from 184 to 185J^;
New Orleans
the "stubs" ranged between 300 and 337^.
Ry. issues were in demand in the early part of the week,
the common gaining 1% points to 38J4, but later fell to
37 J4; the preferred rose from 82 to 84 }*£, losing part of the
Seaboard Co. 1st preferred adgain in a decline to 83^.
vanced steadily from 90 Y% to 91 %. After a rise of 2 34 points
to 38^4, International Mercantile Marine preferred dropped
to 35^6 and ends the week at 36J^. Bethlehem Steel Corporation preferred advanced from 89 to 90 but reacted to
Lake Superios
87 M.' the common sold between 29 and 30.
Corporation was noticeable this week for a rise of 1J4 pointr
In the bond department Albany & Susquehanna
to 20.
3J^s on large sales advanced from 116J^ to 120J^.
Outside quotations will be found on page 1306.
H
'
9
'
New York
4
1
'
'
'
V
'
Exchange— Stock
Stock
AND LOW KS1 SALK
8atnraa
Oct
.l/OII.IOI/
u
1
W
0<;(
~'l
iirsuay
Oct .-I
1»
fit lie sit
av
Oct
'/<
Haniif 'or 1 rtti
tmi4» in
Ouoairuiii/ Ilk) snare tats
the
M>i-V
.S/lorM
Lome st
H mi lie st
yrociis
NEW
/ rtdaji
1
70 RE STOCK
KXlHANlih;
Oct .?
2rt
Kiiilritnil..
89%
•104 4 105
IBS
I S3
U3Si
113
»9tf% 98
89% PCS.
104 4 KM 7 104
184
113'4 113
97%
•SO
:">7
I"::
•-
1
67%
57 S~
85
•75
S7
78
R8
•75
76><
S-
%
l*:
.
187%
188
820
24 3%
-4i
1;,JU
1 1»
J V.
•192
800
»W
19
•40
U
3d
62
1-1
44%
2-."-
229%
22"% 230
4sO
4sO
4?0
34 Si
8>% 88 %
•33% 34%
34 4
w
•15
20
jo
•91
92%
If*
82% 92%
15% 15
3o4
49%
7-
•72
•f5
77
95
3174318
23%
7%
73 %
•>5%
2
27%
74
92
74
•90
93 S
,180 4
28% 29 4
57%
93%
%
29%
59
^6
25S,
25%
54
54
33 4 64%
96
•95
7o
152% 153%
166
Iti6
81=4
•
88
•100
-
2
15U
88
1U6
Via
164
1
33 4 33%
,
69
1(>4%
l'J5
•1.1
.
54 "a
.-.
150
37
20
153
65
120
«6
2us
54 4 64
36
96
330
'34
•96
96
320
320
70
70% •69
152% 154% 153
166 166
166
3.
8i
' 1
6
1
33
69
105
•146
13734
4 164
><
33^
6
1
Si
105 4
160
36
364
•19% 20
152% 154
'j
54
3
Si
•115
86
S204
55 4
120
86
205
90
st> 78
4 54%
86%
88
>-6%
92
4
205%2"b4
•104
lo5-v
lo7
•104 lo7
1444 145
114 42
•li)3
64
93
205
2('4
27
14
.5
*
150
150
88%
88%
87Si
•92
94
204 S3 204 a 202 4 204
•104 106
104 leo-v
•102
107
107
102
•106 108
104 4 I08
144% 145 S, 144% 145 3,
•40
•40
43
42
93-^
,
72
•72
•85
314
77
95
315
I
Do
•93
89 4 B9Sj
Z98
•106
123
94
32%
32
76%
IV
S>
1
81
•77
69
76
22
62
32
24 34
•61
94
98
243«
614
70 4 71%
J120 120
3034
74 1*
Si
1
Do
90%
94
1784 180\.
•28 4 •29 4
•57 4 5S4
86 4 86%
85%
27
Do
pief
Erie & Western
97
Do pref
u
323 }325
L. Shore & Mich. South'n
•67
69
Long Island
153 S. 1504151% Louisville <S> Nashville...
165 4 16u34 hjj..,, Uanhattan Elevated...
774 78 4
78 J4
etrop. Secnr., sub. rec
123 Si 121% 122 14 Metropolitan Street
24 '4 .Mexican Central
24% 24
150
150 Michigan Central
83
82
82
Minneapolis & St. Louis.
100 lu5
105
Do pref
*34
*96
36
•95
320
"67
151 34
1654
77
120%
8
36
97
325
69
Lake
,
,
•100
•136 4 138
•1624 164
136% Minn. S. P. &
•162% 164
Do pref
136
32% 32%
31%
68
Mo. Kansas
32
32
684
36% 36%
8«»4
98 4 99
37 \
34-><
86
1
60 4
9-
3"
4 188 Si
24
60 4
78 S.
1 20 4 120 4
J
36 4 37 4
99 U 99 4
2
62
1
71-»b
6
3..%
86
it
31
'4
Si
72 4 74<4
22
22%
62
82
32
32
•78
80
67 4 us
lei 195
234 23 v
60
60
71
72Si
3 120 >4
11 4
3
36 « 37 Si
99 4 99 4
32
1.87
94
98 Si
29%
80
6.i
12734
Mane,
U7
150 •145
374 37 4 36 '4
•19
19
20 4
150
151 153
•64
*53%
65
114 120 •115
•83
'6-i
85
202 4 {201% •204 4
54% 65 's 64
•142
93
204 4
105 4
107
108
151
Sy
ash. Chatt. <fe St. Louis
at.of Mex, non-oum.pf
Do 2d pref
N. Y. Central & Hudson..
N. Y. Chic. & St. Louis...
Do 1st pref
1,
•
114% 145%
•41
li)
65
120
Do 2d pref...
87
205 4 N. Y. N. Haven & HartL
54 N. Y. Ontario & Western
85% 86% Norfolk & Western
Do adjustment pref.
B1
93
203 4 207=4 Northern Pacific
I>acnic Coast Co
103 105
t Do lstpref
102 108
Do 2d pref
107 103
Pennsylvania
14 4 Si 145
•40
Peoria & Eastern
42
Pore Marquette
35% 87%
*90
201
104
103
106
\J
36% i~
42
83 4
83
•106
112
12 7% 125
125%
92 J, •92%
92
•96 4 98
97%
29 34
29% 30%
73
72 4
72%
22 '4 22 4
66%
190
183
23%
93% ivist
pref
80
{,
pref
2d pref
97',
Rock Island Company...!
Do
71
Do
98%
!
54
4 34 4
',.
Do
M. cfc
Texas
37%Api
1
1
I
1,100
S.luO
2,100
6,420
174J8U
6
4
2
J 'lie
30%
J'ly'2'2
)
pref
1
1
1
1
97
.
1
6
'4
Nov
Nov
Aug
66% Apr 18
72% ! el> 27
21 % Feb 15
.Maylo 3 5 Sep 22
Apr 28 102% S<
Apr 18 100 4 A.,gl
Apr 29 41 Maris
Feb
100
l
1
5
1
Nov
Nov
13 4 J'ne
2
48
J'ne
63
Deo
17%
J'n.
37
% Nov
'-
I
149
Mai 190% Deo
250% ffeb 359% Dec
18 Mai 35% Nov
nee
64 4 Fob 89
27
Deo
19 4 Jan
60 J'ne 79% Deo
i>.
14% Nor
284 Nov
41% Nov
65% May 77 Deo
33 Ma> 684 Deo
64 J'ly 67 Deo
72 Feb 83 Nov
6S, J'UI
9 '4 Ang
21 4 Mai
170
79
242 4 Deo
.Mui
Ang 86% Nov
J'ni 2034 Nov
11
Mm 94
Mai 96
12534 Feb 159
Deo
Deo
Deo
60
77
Nov
Nov
Nov
64% J'ne
Feb 31% Nov
16 4
14
J'ne
32
Feb
31
Feb
Mai
26
85
}246
46
33
59 34
83 %
Nov
% Deo
.6%
4;
3
Oct
J'ne 105
Nov 2300 Deo
May 62% Nov
Feb 14834 Dec
101
4 Nov
139% .Ma
72% Ma 96 4 Aug
104 34 Mai 130% Oct
Apr 23% Nov
5
21194 Feb 150 Nov
40 J'nt 67 a4 Jan
1 ti\>
96% Sep
Jan 95 Oct
Ma) 150 Oct
14% Feb 36% Nov
32% J'ne 65 '1 Deo
87 Feb 111% Deo
101% Feb 147% Deo
3434 Feb 45% Nov
15% Feb 25% Nov
112% Mai 145% Deo
25 Maj 47 DeO
80
J'ly
55
116
10l%Maj 115
Nov
78
Deo
00
J'ne
,
19%
53 %
Maj L99
uct
47
% Oct
88
80% Deo
May 95 Deo
61
95
J'ly 101
-Mai
Feb
82
% Deo
Sep
% J an b0%Deo
1114 Mar 140 Deo
17 Mai 52% Deo
74% J'ne 81% Jan
$68 Ma\ 79% Nov
55 Apr 80 Dec
90 Apr 107 Deo
38% Mar 82% Dec
76 Mai 92 Deo
55% Feb 85 Deo
19% Mar 37% Nov
57 34 Jan 86% Nov
Nov
9 Mar 18
35 May 60 Nov
16 Jan 30 Nov
Mai 79% Deo
2 61
6
1
39
14
150
9% J 'ne
29
1
80
1-
.1.
'.is
Deo
Deo
Nov
Deo
«W
AlK
YORK
200
Amer
'
Atk
Mvn
(4100
'itizeu.i' Ctrl
'.ity
Fifth
Firit
278
282
240
Lxch.. 275
750
15n
325
toai
16.)
Iron.
A;
280
I
'
...
1
'
1
•
Cm Bzchxel
155
1
Deo
Deo
20% J'ne 38 % Nov
7'nj
......
•
ilnl
»
sale at Stock
.
Aim'
16(1
'
1.
-,-•
Fifth
iii.
-.
.....
/crin
dechanlos'
.
•
aeob
tferou
or at auction
on this day.
J
null
Less
*'lruat Co.
272% N Y
280
r
I.111
1
to
272
170
175
.
.
Bid
Bunlca
Park
Ask
I
t48»%'
.
205
c
'
170
,00
7oO
205
110
1
mi, Ward<
North
17..
155
1
1
16*5
;
,
11
,
.:
.
in,
~.
.•-'
11 -.i-iiial'
1
lolls
I.
19
.\
N'.-w
180
rlerehanUi'..
Trail
ilm week.
Ask
185
L9u
267
I'.XCll.
b maile.
Exchange
Itaults
Bid
MetropoU'n| 175
51 1 M01
Mutual*
500
1600 1700
.
Oreenwicn
200
3600
230
182S
500
u kel &0S1I
ttlver..
330
1
.
150
285
Malili.iU.ui'
(1
'ierui..
'
'
.
170
-••n' ...
Liberty
Lincoln
iii.itiri
11
A sic
Hut
Kllllk-4
(nterboroll..
Irving
•
160
ionaoUilated
.ry"
I
.
340
1
!ommi
'
Dl
Hanks
Colnmb
...
ASK
1-Uh ^treetll.
linnU.-i
I
<<\c
Bid
But
Chemical
Hid
'
.
I
1. Ill <.
10
III
•
paid,
n Bold
.ii
|.i
n
..
-
Villi
it
1
in
1
,
Deo-
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
UanUa
:
Jan
,24 Deo
Jan 185 Deo
25% J 'lu- 60 34
ll % Mar 88
113 Sep 11
19%
37%
Jan 97%
77 4
I
29 34
7,2110
1
ay
% .ian
1
28
95
2,650
.0
Oct
DeO
Deo
16% Nov
Nov
114 AllL' 27%
J'ly
6 4 Nov
4
29 May 48 4 Nov
68 4 Mas 93% no
6
I
57%
.
I
1
65% May
.Mai
1
Mm
1,86(1
90
J'ly
161% Mar 2 14 4
207
Feb 237
Mai 160
135
»163 Apt 192
Feb
64
111
8"500 22 Si Jan 2u 30% Apr
1,400 52 May : 3 64% Feb 10
2,00O 32 4 May 23 46 J4 sep 2
2l.i% Oct 2
33,258 1784
'2
1,000 335 Jan 2 49H%Oct
700 27% May23 37 4 Sep
700 83%M»T
91
Marl
100 18 May 2 2 28 4.Mai 17
300 76 4 Jan 2/ 95% Aug2
11»4 May23
6
17 4 Jan 2
1,630 21 May22 37 Jan 2
52 a4 Ang103,100 37% May 2
8,450 74%May22 86% Aug 5
3,226 55 4 Jan
78% Ang2
63 J'ly 6 75 Augi
90 Feb 28 96 Aug 12
6,600 236 Jan 4 535 Apr 17
83 Feb 16 90 Jan 13
*"i2*i
17 Mayi
24%j'nel9
70 15
6,7
Apr 24 30 4 (let 21
950 50 J'uel5 76 Oct 26
400 86% Jan IB 99 Marll
900 90 Jan 18 96%.Mar
7,159 16234 Jan 25 183 Sep 28
3,400 24 May'24 32 Feb
4,70o 60 Maylo 59% Oct 21
1,800 81%J*nel9 87 Oct 21
6,600 22% May 2
34 Feb 14
15.S00 62 Jan
70 Feb 14
71i
28 '4 J'nel6 14%Marl4
300 91 J'nel5 106 Marl3
60 J290 Jan
$350 Marl3
7I34 Aug25
1,100 60% May 2
61,710 £134% Jan 25 157% Sep 23
821 161 May 1 175 Feb 9
38,893 73 Jan 9 91 Marl
92,470 114 Mayll 133 A«g2S
17,800 18%May22 26 Marl 3
{130 J'uel4 155 Ang'2'_
"706 56% Jan 12 84 34 Oct 1
86 Jan 19 106 Oct 16
'i'.o'oo
89% Jan li 144 Sep 2o
148 Jan 13 170 Sep
9*620 24 .May 2
35 Aug30
560 56%May23 73 Aug i5
19.855 944May'2_ llo%.Mail3
500 137 Jan 12 158 Apr2ii
700 33% May » 45 Jan 16
'200 17% J'ne20 24 4 Jan lo
1 16,725 13634 May22 16734 Mai 14
4,110 42 Jan 20 66 4 Sep 22
114 J'ly'2, 122 4 Jan 30
"ibo 74 May 4 86 3j Oct 2
1,047 }194 May2'2 }216 Sep 21
57,600 40% Jan 5 64 Mai'Ji:
82,950 76 Maylo 83% Marll
850 91% Fob 2 4 96 Augll
16,413 165 Apr 24 •216 4 Ang21
78% Jan 1/ 109% Oct 10
100 Jan 3 108 Feb 6
20o 85 Jan 12 109 Oct 9
227,000 131%Muyj-_ 148 Aug24
800 27 Jan 25 48% Apr 3
77 Jan b 106 Feb I
78% J'ly 12 87 % Feb (i
300 70 .May23 8734 Mar 13
Feb 17 112 Marl3
105
616)860 is79 Jan 13 2734 Oct 26
2,900 90 May22 97 Sep 30
Jan 5 I00%»ep2-.i
1,400 - 1
151,150 24% .May 2 2 37%Jan 18
71%May22 85 Jan 4
23,600
200 12 J'ne 2 22% Oct 26
1,200 46% May 24 63 Oct 23
l,90u 20 J'ne s 32% Oct 26
100 73 ^Mny22 81% Mar 6
Muy26 73% Mar 6
3.5m
81
Jan 3o 191% J'iit-1-2
5
1,400
3,300 20 Ma>22 27% Jan 20
pref
pref.
ilo
o. stock tr. ctfs
<fe
Pacillc
173
42% J'ly
13% Feb
90 Jan
Mai 2
115%J'ly26 121% Marl
1
Nov
74% Nov
39 4 Nov
137% Feb 177% Deo
804
47 4 J'ne
20 J'ne
187 4 Apr 17
800 182 4 Jan 18 192 4 Apr 17
10,340 nliJOHS.I'ni! 9 249 Jan::
100 284 Jan 18 265 4 Feb 1
1,800 150
Jan 5 225 Jan 31
195 Jan 17 230 Jan 3
"*400
7% Jan 6 20 J'ne2
250.13i
70% Southern Paclfla Co
Do pref
1204
1,075
36% Southernv.tr. ofs. stmpeu 84,870
70% 7l 7e
119% 119 4
36% 36%
98 4 93%
34
Da
St. L.
«fc
126% |>eadlng
60
60
pref
Piltsb. Cin. Chic.
Ct- Joseph Jiiir'd Island.
~ Do lstprer
Do 2d pref
32
32
76% 76% St. L. AS.Fr., 1st pref....
Do 2d pref
67
1-5
C.& E. I. com stock tr ctfs
190
•23%
St. Louis Soutfiwestern
32 4
78 4
67 4
32 4
•77
83
112
-M-p2S'
78 % Sep 2
1
Texas
684 OiS
Do pref
68%
102% 104% 102% 103 t Missouri Pacific
35
-.
<fe
S. S.
89
1
KC. Ft.S.<fcM.,tr. cts. pfri
ansas City Southern..
60% 67
66
23
853,
26
25% 25%
65
•33
B
del), ctf.
29 J4 Havana Eleotrio
78
Do pref
•90 S> 95
Hocking Valley
92% 94
Do pref
178 178% Illinois Central
•2 7% 29
owa Central
'57
584
Do pref
92%
•92 4
ctf.A
*75
•80
106
9»Sl
23
•78
32
7_'V
4
•92
93 4
98
32 S76
"tfS""
.
9-:
124%
93
9s
1814186
24% 26
a
125»4
•22
32
•77
69
1914
188
80 4 82
106 112
133%
32'.
"63**
69
82
112
•M»
123S>1244
75 4 76
79
106
«2
112
pref
a
15
Do
•80
106
»2
112
l23 J4
94
•fcO
Mm
83% Mm"600 60 J'ne 9
2,101
29
May 23
94,200 168% May
& Om
•29%
30
76
30
:
I
Oreen Bay<fcW.,deb.
76
I
1
Des Moines* Ft. Dodge
4 Detroit United
16 4
Duinth So. Shore & Atl.
33 4 34 4
Do prel
47*2 4>
h^rie
81
J Do
81
1st pref
{72% 72 4
Do 2d pref
•72
Evansv. & Terre Haute..
77
•85
96
Do pref
311 Si 3174 Oreat Northern, pref..
4 72%
llnitiest
I
21
914
oh -est
'.104 )
;
s,
•18
-15
34 4 34 S
49
48
81
814
•78"
138 •100 105
'136 138
137
162 164 4 "162% 164 Si
32% 33 4 32% 33
68 4 684
UNi, 69
103 „ 104 4
104 4 105
148 148
148 148
37
3/
19
19
1624 1534 152 154
54
55
5 4% 65
•115 1'20
115 120
•83
86
87
•83
;-204i, 205
203 204
55'.
54% 56 Si
54 >4
11
I
1
Do pref
Chic. St. P. Minn.
Do pref
4 22 4
•80" 83
II
4-5
elaw. Lack. & West'n.
83 S, Denver & K10 Orande
87%
21
92 S
16
100
137
105 S
108 109
104 - 107
144% 145 4
42
42
485
33
33 S
X7% 87%
77 Si 80%
122 Si 126 S
24
24%
1
nelawure A Hudson...
256
474
33
240%
236
475
•91
70
154 4
•1654 169
•78" 82
1014
8
I.
./vri'lot'l
t I
I
Hit..
27 4 27% Colorado A Southern...
f>14 62 4
Do 1st preierred ...
43
13
Do 2d preferred
28
62
43 \
•16
22
81%
87>4
121
92%
29'6 30 4
•76
80
92
92
94
94
180% 181
•284 29 4
•58
69
»6
86
25
26S,
65 4 67
34% 34't
96
96
166
}93%
101»,
117
27
62
21
•85
125 4 126 l4
'4
101%
88
704 •68
153% 152
24%
llSi
44
43%
814V315
68
36
98
325
803,.
126 '4 127 S
25%
25
150
•79*" 82
1374
»ll
•148
-36
54
77
95
ai5la
4 30 4
26Si
55Si
40
US,
•41
34 34
72%
,
29 %
6934
40
49 3j
81 't
73
77
95
8,9011
pr««f
Co.-iHt l.ino
III
Hi 10
.t
*164 18 Chicago Term'! Transfer.
•37% 40
Do pref
I04 11% Chicago Union Tractiou
•41
43 4
Do pref
1004 101 Si Clove. Cln. Chic. A St. I,
117
121
Do pref
3
164 17
237 4
485
SI"*
77
477
92
92
4
93 4 93 3
I8OS4 1&0
29 4
•29
58
6S
3
85 >« 85 4
55%
SI
>i
'29
192
200
44
•72
22% 22 4
29
74
92
93 4
200
188
190
62Si
48%
.
3154
190
•154 15 h
34 4 34 4
84
49s,
81
'72
•85
1933,
»9l 34
4
72% 72%
86 S
26 4
•34
88
126% l 27 4
24% 86 s
34%
i
191
*16
16
48%
'245
40
34'4
*87S»
77
240
4l 34 42 4
100 101°8
'117 121
62
21% 21%
240
HSl 11%
44
232
485
77
21S.
280
27% 28
157,
180^4
179
59',
87
86
a
1
98 S
75% 75%
tear
Mm
50,500
BV
Do
•87 Si 88 S> •87% 88%
Do 4 p. o. debentures
•76
•76
76
76
Do 5 p. o. pret. "A"..
34
34% 88
S4
35 S«
Do 4 p. 0. pref. "B"..
1J-0V 181 34 1794 180 4 Chieajro Miiw. & st. Paul.
189
188 4 188% '187
Do pref
2 1 9 4 2-4-.. 2 20 4 222' Chloago .t North Western
18
40
92%
81
1.h9
17
19
40
44
229Si 28 iV
485
'470
35
•88
>8 4
31 Si
•16
35 4
S.
219 4 2 .0
240 260
190 192
190 200
44
'224 "22%
28
1-9
200
,.,_,
75
36
18o% 182%
121
27*8 28
63
• 82
95
318
316
...... •---•-
23
>4
118%
<nr
1
22 93% Mar 8
89', Not
77%
Pel)
64
B9 Jan 25 106% Sep
.1.111
104% Wot
8,800 120 ,l» 25 170 A pi 2
N.,7
L 04 4 Feb
68,700 100% Jim -5 117 AukI
v
I I.I 11
72% Mai in.. ', leo
8-0 91 Mar H 100 Aogin 87% hell 98% Oct
I » Do
prpf
38
Kel,
78% Oct
704 No*
Brooklyn B*pid Transit.. 279,025 56% Mn>'2
87 Sep 5 Bl% Hm\ 13 B8 N%\ 80 Aug
r.niiaio ifc Hnsqne, i»rof...
67!i*5*o 150% Jan 25 177% Sep
1094 Mai
DCt
(Miiailmn Pacitlc
900 67 % Jan 1
A pi 72
74% Angl
64
aniulii Southern
P.9S2 190 Muv25 235 Oct 2ll 154 4 Feb 19134 \,.v
Central of New Jersey...
80,760 45 4 May 2
60%Mai2l 28 14 Mai 51 Not
i'ht<NU|ipake<ft Ohio
l.ooo 31
44 4 Mario S3 Jan 47 14 N'."
May2
Chicago <& Alton
40o 75 Oct 26 S334 Apr 7 75 Jan 85% Jan
Do prel
8,650 17%
22 25%.Mail';
i'Iuciil'O i4reat Western..
12% J'ne 26% Nov
TopeknASaDta
Vtcti.
Atlantic
78
21%
88%
•35Si
'
117
49% 48%
81% 81%
72% 781
81%
72
•73
•25
35
•20
•76
77
76
nvt 12
40^4 40 S
tguC 100
43
62 Si 63
44
i8i
190
•18
40
121
28 S.
27%
77
S7
B8S1
•86
22
•87S»
221
•J! ;n.j221
243'. -...>
'244
1'4
ton 192
190
480
15%
35%
4>%
814
S6%
10OS
44
75 »,
182
172%
214
76
35 S
18S% 189
100
»»^
4 62 Si
44
•»
117
99% 99%
117
Si
75
2l»<
B8*,
•fl7%
•75
•3-4 40
114 124
414
171
78
•75
l»
41
113%
1
103V
,
.
200
Vi
40 Hi 40%
•114
190
'180
94
H8S1
1
87% R8%
L03
S2
112
•97
1
._...,,
35 4 83 4
1<1 V 1<J
1^,-4
B8 T«
104 34
164
X7 4
4 •-6
1704 171% L69 170 4
•
•70% 71
'0 4 71
69 S 7
»gg% >'9 4
229% 282 \
231% 2314 234 4 232 235
65 4 65%
66% 68
68
66S1 67
67%
-34
•84
35
36
86
354 '34
35
68%
r-1%17-4
•S7>«
36
,
7 *'<
81V
76
165
112 4 1 1 3V
97 »8 98
76^4 78\
8S-;
•8d
4
.\,
88
104
164
163%
4
97 a
76%
88 >i
3 4
69 Si
330
fS
35 4
78
21%
*87%
7
(i
Si 1
.'
•69
69
'e
7
11«%
-4
89 Si
105 S.
105
1*15
If. 3
113
B
88%
89«i.
!<;•>
77% 78%
76%
172 4
•68
PS%
KM
1
1
.1
iv\<;k.s
I'KIL h*
Thltrsiitlu
Oct iS
23
1
Weekly and Nearly
Record, Daily,
wo
<M<|'I'YIN<;
H'lUCh^—HJHJthtl'l
2
2
1
'
1298
Record—Concluded— Page
fttuck
BTOCXb—HJQHEGT AND LOWEST SALE PRICES
Monday
Saturday
Oat 33
Oct 21
126
S*
126
33% 83%
364 364
56% 674
•117
'
125*4 126*,
33»« 38»4
36V, 384
67 V, 67 *«
1174117%
118
90%
77
76% 77%
91% ei»4
•21
42
•17
•88
21
774
91*4
sm
21*8
92
814
22
42
42 V
•17
1H
•38
42
»244 25 V
»«
42
Id
42
24V, 26 4
•31
si 4
634
96*,
31V,
63
63
240
68',
31 7f
250
V/
'124
•33
hum day
126
124
804
124
84
Do
1334136
132% 134 4 132 133 4
*95
96 Vi
96% 96=V. {964 P«4 •95% 96
V,
77
77
77
77
77
77
77
774
914 91*4 91% 91%
91% 91*4 91% 91*.
814 82
81% 81% •814 82
81V, 81%
21% 22% 21% 21*4
214 22
214 21
42
42 4
41% 42 V» 41% 414 41
414
•17
*17
•164 174 •17
18
18
18
'31
•62V,
•39
•25
42
25 4
31*4
Wabash
260
19V
62%
r
19 V
62 V
86
18
62
84%
24%
*230
20*4
64 4
41
>4 85 \
2-1%
*87
41% 43 4
102
255
230
20% 214
63 4 64*4
84% 85 4
230
265
24*4
....
20%
19% 204
61*4
63 4
60 4 62
as«3
4 42
1024
32 4 82 4
•92
328
*7%
*92
{229
7%
7%
«*,
64
95 V,
414 "4*24 414 42 V
1024102 4 1014103
33
324 32*4
384 32
32*4
100
228
7
7
5%
26
67Vj
1164
69*4
H"4
54 6
25% 25*4
99% 100
6
4 26
99%
129
121
•200
•102
13
45
33 Vi
99 \
26
129%13u*8 129% 131% 129% 131
121% 121% 122
121% 1224 •122 4122%
190
105
.
•185
102
106
....
105
185
$105
105
134
13% 13 4 134 13 4 13
47% 45% 47
46
46% 464 464
1414143% 142 4144 4 1414142%
142'f
45
45
142
139
137
1414142%
141
137
141
138
139
•139 140
138% '136
136 138
102^ 102% 1024 102 1024
42 4
42% 43% 41% 42%
139
133
102
141
140
139
1024102%, 102% 102',
40
41 4
40-4 41 7
40%
104 104
104% 104% lU4Vil04% 1044105 4 $104% 104*4
119 119
119 119% 1184120
118%120
119*4 HP*
«
•180
•14
•55
190
16
62
45*8
183
14%
*55
46%
46*8
*87
17
15*8
65 4 66
44
44*8
84V)
122
84%
*83
122
122
97
97*8 97V,
186 Vj 1891,
224 23*8
S?0% 81%
60V, 68
30*4 80*4
*64
{114
15
•85
47
•103
96
183
86*4
122
97
63*4
52
80 4 30 4
•14%
*55
62
45 4 46%
-88
96
93
*83
•120
97
86*4
83
123 •105
98 4
98
188% 190*4 188
23 4 24 V)
23
82% 82% 82
52% 52% 52
30% 30*, 30
16*4
106
162
103%
106
159 1614
97 Vi 98%
57
*53
L
106
103
71% 72
112
884 89%
103
57
67
60V,
53 4
60% 53% 52
100% 101
lWVj 100 V? 101
2?0 263
250 253 4 2524 252 4
46% 46*4 46% 47*,
46 4 47 4
•103 104
103 4 1034
104 104
25% 26 Vi 25% 27% 264 264
i
96% 97
96% 98% 96% 97 4
87% 37% •37
37% 37%
37 4
106
714 73
110 4120
1% 2
14 4
56
81V,
126
87
*121
183
14*4
51% 65
45% 45
83% •83
123
99%
189 4
23%
82%
52
3o%
103
90
*110
72
111
72*4
•1124114
126
14
1%
884 89%
1
•122
89
67
126
89
31
•122
88
30
14|
"
89
48
47
83*4
120 120
964 99
1854 187%
23
21*4
804 81%
524
29% 30*,
52
78
30V2
69*4
82
39
97
126
89V,
31
88
30
70
V
175
197
105
106*4
177
197
175
175
'185
•63
57
1%
14
874
"
88
82
82
•464 484
144 14% 14 4
89%
31V 30%
70
70% 71
704 69% 704
63% 64% 534 54
634 53 4 534 54
•110 112
1104110*4 110%110't
1104110%
08% 38% 38*4 89 V- 384 38% 384 39
104% 105% 106 105 4 105 1054 104*4 105 4
34% 34*<. 34% 34% 33 4 34
34
33
107% 107 V. 107*8 107% '106 107 4 1074107%
41% 414 41% 41>.
42
42
41
41
»230 260
•235
230 245 •230 245
245
•93
93% 93 4 93 4 93
93
•92% 93
30
172 176
•187 4 197
16%
51% 63% 504 52
101% 100%1014
252 •250% 250%
45% 46% 45*4 43
102 105 102 103 4
25% 23% 25% 234
95% 97% 95 4 93
•364 384 •364 384
105 106
103 4106
71
71%
72
72 4
1124114 '1124H6
•43% 48
14% 15%
38% 39
964 96*4
.
95
101
$252
87 4
•464 4S
48
14% 15
144
82
824
82
82 4
82
39 4
39
38
39Vt
38%
97
97% •96
974 •96
89
*464 48
144 15
•120
87
185%
{95
16
183
14
1594161% 158% 159%
97
97%
98
98
984
48 34
474 48*4 48% 60*4 49% 50*4
105*4 105
105 4 104 4105% 104% 104%
16
15% 15% •15% 13
164 154
99*4
«8l
93
16
•68
49%
,
132 1X2
<(15% 15%
•62
62
45 4 46
56
114 4
16
88
55 \
88
112
15*.
56
65
60%
65 4 63 V,
65%
114 4114*4 114% 114*4
114% 114% 114
16% 164 16
16% 15% {14% 14%
*84
-85
88
88
{88% 88% •85
48
484 43% 47% 46*4 47%
47%
47Vi
66
114
•103
190
16*4
62
17
1894190%
23% 23%
81% 82%
47 %i
106
103
152% 164% 166
98
99
98
46*4 47
46*4
104 V) 104% 105
15V, 16
16%
•56
67
67
,
183
15%
•66
15% 16% 16
185 185% 185
185% 186
16% 164 15% 16 4 14
67*4
56
56
67
644
44*4
44% 45
44% 45
174
186 V> 187
15
183
46% 47%
106 105-4 104% 104% 104%lo6% 1044104 4
46% 444 464 444 45%
46% 47 4 46
86
16*4
15*4
6
46% 47%
46V>
104% 106
•87
190
87% 38%
96
•121
'86
29 4
96
126
88
29 4
69% 694
63
64
33
97
232
8%
176
J
6
American Cotton
Do
oil...
•41
95
pref
American Express
84 American Grass Twine
6 V Amer Hide& Leather
4
42
235
93
174
3,200
10
42
245
92% 92%
168
180
108
195
72% Jan
14*4 J'ly
Ian
67
.
38
2,395
98% Jan
6
363,850 24%May22
72,335 90% May22
8,550 2b%Sep 11
3,100 1034 May 1
300 33 J'ne 5
Virginia Iron Coal &
100 235 Jan 3
Wells, Fargo & Co
1,000 92 Jan 17
est'n Union Tele'gph
3,600 152 May20
West'gh'seEl&Mfgassen
200 190 Feb 23
Do lstpref
C
,
1
.
29*4
71% Oct
8*4
Nov
Nov
Nov
Nov
Deo
Deo
Deo
Aug 1
22% Apr 17
48 4 Apr 17
122=,
Oct
Dec
Deo
87 Dec
35 4 Deo
94% Deo
37 % Deo
Apr 8 84%; 'lie
97
Feb lb 88%. 'ut 97
246 Feb 27 180
'lie 2 9
14 Jan 4
14
UJ!
5
6 J'ue 7 11 4. Jan 14
2%.Jan 114
12,170 29 4 Oct 26 55 4 Marl7 11 Vi Jlan 48%
S
*41
230
Augl9
43 bk Apr 14
104 4 Apr 6
27*4 J'ly 19
89 4 J'ly II
500 {209 4 Jan 4
20,100
4*4 Aug! 7
Do pref
1104110% 1104110%
87*4 38%
374 37% United States Steel
Do pref
1044105
1044104%
32 4 32 4
32 4 33 Virginia-Carolina Chem..
107*4 107% 108
Do pref
107%
235
93
172
236 Jan 9 {250 Feb 7 }220 Feb 250
21 4 Oct 24
6 Mar 21%
OS Feb 17 39 4 Mar 71
89% AUI 14 434 Feb 82*4
29% Apr 16 13 Mai 24%
30 4 314
De pref
27
American
3,100 24*4 J'ly 1*
18 4 274 American Ice Securities
340 154 Jan 17
18 4
Linseed
•40
300 36 Jan 19
41
Do pref
67*4 694 American Locomotive... 270,610 33 Jan 25
8,31o 103% Jan
116 1134
Do pref
1.60D
54 5 4 American Malting
4 Sep 2
25
1,900 20 J'ne 9
25
Do pre!
_.
100 100 Amer Smelters Sec pref B
1.50U 974 Sep 6
130% 133** Amer. Smelt'g<fc Reiin'g 238,500 79% Jan 9
121 122
7,210 1114Jan 13
Do pref
185 .... American Snutt
163 May31
102 105
1,700 99 Jan 7
Do pref
13
13 American Steel Foundr's. lo,9uo
6% J'ly 27
43
9,000 35 4 J'ne 14
46*4
Do pref.
47,560 130 May22
141%142 4 American Sugar Refining
•139 140
133 MaylO
Do pref
*136 139 Amer. Telopli. & Teleg..
"io 136%May24
101% 102% Amer. Tobao. (new), pref. 12,110 91% Jan 25
98,440 20% Jan 26
41
42 American Woolen
4,44 U 93 Jan 3
§10441044
Do pref
8,000 l004May22
U74 118 Anaconda Copper.
20l) 180% Oct 19
182 190
Brooklyn Union Gas....
725 10% Jan 13
•144 154
runsw. Dock & C.Imp't
•52
56 J'lyl>
62 Buftenck Co
23',807 40
Sep 11
45 4 45*4 I lentral Leather
5,120 zl03 Sep 15
10441044 V J Do pref
4^% 45% Colorado Fuel <fe Iron.... 21,800 38 May22
3,100 80 Aug 17
93 4 94
Do pref
3,200 11*4 May 2
•154 16 CoL & Hock. Coal <fe Iron.
2.60U I8O4 Sep 23
182 183 4 Consolidated Gas (N. Y.).
20,886
13% 134 Corn Products
8% J'ne 8
5,600 40 Aug 9
54
Do pref
54 4
45% 47 4 Distillers Securit's Corp", 65,910 x:34% Jan 25
200 76 May23
83
electric Storage Battery.
83
600 60 Jan 11
120 120 Federal Mining <fc smelt'g
9,950 75 Jan 5
97
Do pref
97
20.700 169 May2o
185% 187% General Electric
46.200 18%J'uel3
21 '4 22 4 International Paper
9,980 76 4 Feb
80
80*4
Do pref
5,700 48 Oct 18
52 4 52% International Power
1,500 10 Jan 10
29
Knickerbocker Ice( Chic)
29
30 Jan 9
Do pref
3,285 52 Augl6
55
Biscuit.
55
National
1,155 110 Aug 19
Do pref
115 116
3,760 11 Aug 12
*16
15*4 Nat Enameling* Stamp"
80 Augl2
•85
Do pref
88
39,050 24% Jan 24
43% 48-s National Lead
400 97% Jan 7
Do pre!
106*4 107
19,500 140 May22
1594 1604 New York Air Brake
3,850 V6 Oct 19
97
98 North American Co., new
39,100 33 May22
49
494 pacific Mail.
eop. Gas-L.<fc C. (Chic.) 23,500 974 May 15
103*4 1044
1,400 124.ITyl9
15 4 154 Pittsburgh Coal Co
800 45 Vi J'ly 26
Do pref
54% 63
59,585 33 ^ Jan 31
49 4 50% Pressed Steel Car
b,842 87 Feb 16
Do pref
lu0%1014
1,050 230 May31
250 250 Pullman Company
24,5(JO 30
May22
ail way Steel spring...
45% 434
300 93 Jan 25
\jJ)o pref
1024102 4 t>
25% 23 Republic Iron <fc Steel ... 40,330 15 Jan 23
18,000 07 Jan 10
Do pref
95
95 4
1,070 24 Marl4
38 4 Rubber Goods Mf g
88
100 94 Jan 25
Do pref
104 106
Jan 25
loss-Sheffield St. & Iron 13,870 60
71
71
100 100 Jan 13
Do pre!
•1124116
8.050
% Jan 28
Standard Rope & Twine..
14 14
834 87% Tenn. Coal, Iron & RR... 23,600 68 Jan 25
200 374 Jan31
•464 48 Texas Pacific Land Trust
10,400
8% J'ne 3
14% Union Bag <fe Paper
14
2,015 38
Ian 10
Do pref
81
81
37% 38% U. S. Cast I. Pipe & Fonn. 12,910 19% Jan 3
905 79 4 Jan 3
Do pref
96
96
H20 Jan 9
United States Express...
121 126
1,300 77 Jan 4
'86
S Realty & Improve'nt
90 U
27% 30*4 U S Reduction & Relin'g 6,500 18 Feb 2s
6,600 35 Jan 13
Do pref
68% 72 4
8,540 33% Jan 3
52% 53% United States Rnbber
195
174
Hi«ccll
Jk.
Express
:
32%
1
1
'
'228
130 132%
1214122-,
Adams
260
{97
100
230
134 14%
13",
•139
1187
190
105
106
40% 41%
"
99%
Erie...
_
101% 101%
•32% 33
.•
lievj
*5
pref,
194
56,051
llis-Chalmers
13 May 4
60
Do prel
60%
15,400 434 May 4
82% 83% Amalgamated Copper
139,850 70 Jan 25
25 4 25 4 Amer Aencult Chemical
8,435 20 Jan 24
•92
Do pref
954
894 Feb 3
39% 40% American Car <fc Foandry 54,150 31 May2
1014102
Do pref
3, 23 7 r»l .Jan2
25 4
96 4
•94
230
9
100
233
129»<
106
25
•87
(
67%
Aug {165 Not
Mar 17 Nov
95% Oct 2 10!% Feb 21 z864Feb 9? Dec
1.900 21 4 Jan I 79 4 Sep 14
.'eh
25 Dee
9
3,235 64% Jan 16 VI Oct 2 42 4 Apr 69 Dec
000 80 J'ly
82 4 Oct 10
5,2o0 !74May23 24 4 Sep \»
16 May 26 Nov
4,200 37 May23 48 Feb 23 32*4 Fen 48 4 N'ov
15 Muy 1 19% Mai 13
144J'ly 22% Nov
36 May 4 48 Feb
37 J'ly 52*4 Jan
112 20 May 4 28% Marl 3 21 4 J'ne 32 Nov
1,300 20 Apr ^9 33 4 Aug21
16 J'ik- 25 Nov
2,800 45 Jan 13 64 4 Oct 1
37 J'ne 49% Nov
19
84%
9
94 04
6% 64
6% 6%
34%.
30 \ 33
29 4 31 T
28
28
28
27 4 274
19
•18
•18
18*4
18%
•40
42
41
40% 40 '4
68*4
684 71%
684 71
116% 1164110% 116 1164
6
5
5
6% 5
26
254 25% 25 4 25 4
99% 99% 91
99% 100
33%
284 28», 28% 284 27%
18% i8% 18% 18% ?18%
•41
41 4 414 *40% 42
67 % 69
116 1174
•94
227
100
230 230
9% 10
6% 7
•92
100
229
10
34
82 4 38
81% 80
25% 25
26
25
*87
'230
250
19 4
102Vil02 4
•87
>-.
"\.
Lake
Do lstprei
Do 2d prof
Industrial
•230
Highest
Ixneest
Apr2'.i 134*4
{153% May 17 1-ii) J'ne26 158
438,370 113 Jan 6 138% Aug24 71
pref.
<fe
Highest
JsVWGSt
Feblo 116 Mar 184 Oct
400 224 Jan 13 374 Apr 12 l74J'ne 27 4 Oct
5.100 34 4M»y2? 43% Apr
2i 4 May 38
Nor.
4,300 51», Jan 25 66
Apr 12 82 Feb 57 4 Not
1,'JOO 105
Jan 6 122 4 Apr 4 87 4 Feb x-107% Oct
pre!
Do
Range tor Frsvioua
Year(l'M4)
lota
440
United Rye of St Lou.
Wheeling
Year l'JU5
tor
On basit o/100-stiare
9i'0 124
304 31
«314 314 304 30», Wisconsin Central
614 62% 61% 624 -30
62
Do pref
4
03
25%
42
•24% 25 4
Range
Vol. lxxii
Week
UnltRysInv'tof San Fran
Do
\
Shares
Pacific
pref
Do
•39
42
•24 4 25%
•40
42
the
pref
Union
134*,
•39
•24
Haiti of
124 4124*, Third Arenue (N. Y.).„
33Vi 33 4 " oledo Railway*,!; Li iMit
•374 39 ToL St. L. <$> W. v. tr. etfs
•67
68
Do pref. rot. tr. cMh.
116 117 Twin City Rapid Transit.
89
67V, 69Vi
117V, 117Vi
STOCKS
NBW YOHK STOCK
MCHXNGE
triday
Oct 27
•82% 334
89% •884 89
68% 684 •68 4 69
117V, 117V, 11641174
34
38
1
Oct 20
Oct 26
126
124
•33
1834134% 134% 1354 133%
•96 4 97
Wednesday
Tuesday
Oct 24
2
7 J'ne
22 4 J'ne
20% Not
42 4 Nov
36%2<ot
V, Jan
4 Jan 105 Not
9 Deo
16 J'ne 29 Deo
20
16
75
Apr 15
Jan 14
24 J'ne
28 4 Mar 7
Oct 16
100
133% Oct 27
128 Aug23
200
43
88*4
Aug 29
18%Mar20
67 % Apr 4
141
Mar
2
AugL
1484 Jan 6
104 Augl5
Jan 141 Nov
Feb 149 4 Nov
123
12-1
85% Not
43% Oct UO 10 Jan
l084Marl5 69 Jan
130 Apr 13 31 Feb
1215 Feb 14 185 Mar
16*4 Aprl8
J'lv
5
60 4 Jan Is 47% Fel
77.
47 4 Oct 23
00*4 AugiS
59 Mar24 25 4 Mar
105 Mar24 63 Apr
18 4 Jan 30
8
214 Mar 3 185
22% Feb
Deo
Oct
Nov
Nov
34 j'lii- 154 Deo
26 J'ly 57 4 Deo
1224 Mai 153 Nov
110
85
1034 Augl6
149*,
Feb 82 4
Jan 115
Jan 170
Jan 99%
J'ne
65
894Feb27
Dec
Not
Dec
Not
120 4
229 4 Oct
12% Deo
62% Dee
58% Nov
Dec
95
19 4 Dec
Feb 220
9% Maj
Mar
19% J'ne
82 Nov
43 % Nov
71 Nov
7
79 Jan 10
47 % Apr 6
96
25
94*4
Oct
26 4 Nov
824 Nov
404 Deo
83% Nov
68 Dec
Apr 7
90 Nov
107% Apr 7
192 Marl6 cl51 J'ne 194% Not
25%Marll 104 May 25% Dec
82% Oct 24 644Fet> 79% Dec
100 Feb 23 26 Mai 724Deo
34% J'ly 20
8 Sep 12% Oct
73 Apr 6 48% Jan 66 Oct
66% Apr 8 36 Jan 69 4 Nov
Nov
120*4 Marl5 1004 Jan 117
31 4 Apr 6 14 Sep 23% Nov
Dec
J'ly }87
94 Apr 19 75
5 1 % Apr 7
14 4 Feb 26 4 Oct
1114 Feb 20 80 4 Jan 994 Deo
162 Oct 23 20 Feb 134 Nov
107 Aprl7 80 Mai 107 Nov
60% Oct 25 24 Feb 56 Nov
115 4 Apr 3 92% Mar 1124 Dec
21 Maylo
804 May 15
53% Oct 23 24 4 May 444 Oct
101 4 Oct 25
37 May 92 Dec
158
Augl4 209 Mar 244 Nov
128
48
Ma)
35
No-
71% Mar 94
Sep 30
106 Sep 30
27 4 Oct 23
98*8 Oct 23
39 Sep 30
109 4 Apr 1
118 4 Feb 24
130 Feb 23
Deo
16
May 18% Nov
37 May 73 4 Nov*
14% Apr 29% Deo
74% Jan 98 Dec"
314 Jan 65% Nov
6
% Mar
6
31%.Ma)
25 Mav
4»%Sep 14
15 4 Oct 13
3% Aug
45 Feb
82<-jOct 11
41 Oct 9
6% May
91% Apr 17 40 Mar
134 Feb 8 100 Feb,
98 4 Mar 1 o 43 J'ly
404 Apr 18
36% Nov 404 Dec
10 4 Feb 344 Deo
734 Augl7
584 Sep 18
118 4 Apr 7
41
39
110
514 May
22% J'ne
97% Apr
18 4 Sep
4
Jan 3
Feb 20
52%Feb24
Deo
Jan 100
8% May
39%Oct23
106% Oct
Deo
Nov
77%.Nov
39% Nov
134 Nov
75 4 Nov
204 Deo
81% Dec
•128 Nov
844 Nov
Jan 105
77
Jan 3
1064 Apr 4
3
33 4 Dec
95% Deo
44 4 Deo
116 Nov
44 Noi
250 Aug
Feb21 {200 J'ne
954J'nel9 85 May 94 4 l)e<4
Dao
184 Apr 6 153 Mav 185
Aug 198 4 Xo»
197 April 180
260
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Ask
Union ExchT 222% 2274
Bid
United
192
C S Excha'ell 125
iSo"
..
Srii'si
"
t
.'
385
140
Bid
Ask
CITY
Bankers' Tr. 500
260
390
300
310
325
Sideli
300
People'sTl
190
Trust Cos.
N. Y.
.Uamiiactrs'. 335
North
Broad wayV. 300
Brooklyn^ .. 130
Ask
Bank'; 140
Nassau
Nat City
400
BROOKLYN
jBoroughll
Bid
BROOKLYN
Home
Medianicsll
Wash.H'htsli 225
West SideV. 575
Torkviileli
Banks
ProspectPkl' 140
Ridgewoodl]. 140
17th Wardli. 155
195
Unions
160
WallaboutH
.
530
Bowl'gGreen t215
BroadwayTr. 165 175
Central Tr'st 2200 2250
Colonial
400 415
Commonw'th
!50
135
95
275
Equitable Tr
Farm Lo & Tr
Bid
Trust Co's
Fifth Ave Tr
Guaranty Tr
Guardian Tr
Trust
Co%
Bid
t
Ask
575
N Y Life<fcTr
+6244
t725
Real Est Tr't 325
StandardTr't 425 450
TitleGu <fc Tr t666 +667 4
220 227
Knick'rb'k'r 1050
LawTI&Tr 335 345
Lincoln Tr... 590
Manhattan
500
.. 475
Mercantile ..
950
Metropolitan 625
630
MortonTrust 925 950
...
Mut. Alliance f200
11481
Trust Co's
j
Brooklyn Tr 420
Citizens*...
140
200
Flatbush ..
Franklin
..
Tr Co of Am. t744 4
Union Trust 1450 1500
Hamilton
610
Unit States tl425
302
Van N'denTr
Washington. 425 450
230 265
Jenkins
Kings Co...
USMtg&Tr
Home
L
Isl
L&Tr
Nassau
People's....
William so" !r
170
Bid
I
Ask
BROOKLYN
tl090
NewYorkTr
—
525
Bid and asked prices; no sales on this day.
i Less than loo shares.
Sale at Stook Exchange or at auction this week.
Ex. stock dividend.
Ask
435
150
'368
335
180
180
470
309
230 270
)340
230 24*6"
1
c Ex-dividend and lights.
6 New stock,
Ex-rights.
s Trust Oo. certificates. 11 Banks marked with a paragraph (U) are State banks.
X
New York
V
-
»
.
Stock Exchange
—Bond Record, Friday
OOOUFY1NM
BUN OH
STOCK KXOHANflE
Wkkk E.vding Octobkr 27
* '
U. S. (iovertiiiient
2s consul registered. <(1 930 S>-J
ifl93o gj
2» oonsol coupon
H918 «3-F
S 3s registered
fcl918 g-F
S 3s ooupun
8 3s rt<L- small bonds.. fcl91*
U S
U S
U
ij-F
eon small bonds.. JH918
A1907 U-J
is
i
U S
V
4s registered
B Is coupon
Us
A 1907 O-J
3-F
1998 O-F
coupon
is
Philippine islands 4a. 1914-34 «J-F
1
*1 I
At\ Low
Repubot Cuba 5s
V K ol Mexico s
January
1
•'.
>-j
1
1
-.
1
-.
>-j
A-O
Sale
97»4
i'0' 9 Sale
90V
90 V
105 V
i>8
91
Sale
A
class
1906 J-J
J-J
1906 J-J
1920 J-J
1924 FA
4 to 6
c 4s
Currency Funding 4s
Dlst ol Columbia 3*608
CI iss
Louisiana new consol 4s. .1914 J-J
North Carolina oonsol 4s. 1910 J-J
A-0
1933 J-J
Vs 20-40
4
2^'^s
91V, US'
H»5*»100
105 \
100 Oct "06
1*00 V-J 100
94 >« Sale
94*0
J-0
94V
t I fuse are pr ices on tlie
g 6a of
3s. .1913 J-J
Tenu uew settlement
91
J.J
1991 J-J
Virginia fund debt 2-8s
6s deterred Brown Bros cUs.
1
01
it
12
1
109 "<
Oct '00 ....
a to a.
101V101V
102VMar'o2
111 Mar'02
119 34O0t '04
105 Hj Deo "04
118
101
102 l4l04'« 103>4 Deo '04
124 Vj
186 V J'lT '01
120 Mar'OC
96
96HI 96 Aog'05 •••
96
96 V Dec '04
96 "a
90 s4 J'ae'06
18 »0«
17Hi 16V
10
Gen
&
Santa
SJ-J
1995 A-O
g 4s
98
98 V
99
102»4 Sale
99
62 IOP4IO6
103
102»4
96V 101
3
A-O lOlViSale 101V 101V
100V104V,
J-D lu4 Sale 104
104 S, 192 100 106'«
Nov lo2 34 Sale 99
b 94*s 99 4
9:>V
95 Sep '06
Registered
A1995 Nov
93V 97*b
96»4 97 V, 97
97 V 44 94
98
Stamped
A1995 M-N
98>«
99<VaMtty'05
99»g 99*,
Debentures 4s Series E.19t>7 F-A
A Ohio g Osser A..M908 A-O
olOll A-O
GoldOs
M-N
gold
4Vs
F
Series
Series
Series
.
G
1910
K
Series
1908
190S'
H
.....r.'l:-;
East Okla Div 1st
k
4s. .192b
X
All Knox <& X See L &
Atlantic Coast 1st g 4s. /i 1952
FA
F-A
FA
FA
FA
M
S
MS
Charles & Sav 1st g 7s. .1930 J-J
SaT F A
1st gold Gs.,1934 A-O
1st gold 5s
1934 A-O
Ala Mid 1st gu gold 5s 192s M-N
Bruna A
1st gu g 4s 193b J-J
811 Sp Oca A G gu g 4s 191b J-J
Atlantic & Dauv .See South Ky
Austin & N
See Sou Pacific
Ijalt<fc Ohio prior lg3 Vs. 1925 J-J
W
W
W
y-J
Gold 4s
Registered
pjun
Al94t<
A194b O.J
M Hivlstg3Vsl926
JB
PLE4W Va Sys ref 481941
Southw Hit
Registered
Mouou Kit
Pitta
g3 Vs.. .1926
1st
1st
1st
Cen Ohio K
A-O
A1026
gu g 5s. .1919
cg4Vs..l93o
ClevATol
1st g 6a 1922
Pitts A West 1st g 4s. ..1917
Bat Creek <fc s See M ich Cent
Beech Creek See N
M-N
.UN
J -J
n
MS
A-O
98>4
97 ^
97
99VNot'04
96
98VNot'04
99°8J'ue'o5
99 V Jan '05
94 >a
97 Oct '04
lOlVJ'ly'05
90V1100
101 34 Sale
144
130 34
117 's
101 V
101*4
iol"vSep'05
112 58 Jan'04
lUVjOct
11634
99>s
99V
99V 99V
99*8
....
• *
98V 101
....
61*
....
131V 131V
General consol 1st 5s
Registered
Chic A Ind C Ry 1st 68.1936
Chicago & Erie See Erie
Chic In <fe LouIst ref 6s. ..1947
1947
Refunding gold 6s
LouIstN A <fcCh 1st 68.1910
Chicago Milwaukee & St P—
J'ly'04
97*4 Oct '04
95V
95 Vi Sale
63 04V 97*8
96
94 >a
96 Not'04
103 Salt 103
103 V 93 102*b 106*6
loi»aio2Vj 102 V Oct '05
102 V 105
93^
93 Oct '06 .... 90V 93V
100's Sale luOV 100 J4 •2
98 V 101
'4.
93 >« Sale
93
93
Si
—
....
119VMar'04
107"^
lo9's
119VJ
....
100
J -J
93*,
91
92 V 92 H-
6i)
92VJ'uc'05
108 Hi J 'ly '05
109 Apr'05
g 5s.. .1937
4s gu..l99b
1943
g Os. ..1921
g5s
108V108V
109
109
97*4 100
J'ne'05
122%
J-J
118»a
F-A
J
-u
Butlalo A Southwest See Brie
Bull <fc susq 1st ret g 48.41951 J-J
Bur C R A
See C 14 1 & P
/ \anada South 1st 5s
190b J-J
•w2d 5s
1913 M-S
N
MS
Carb
See 111 Cent
Carolina Cent See Seab Air L
Carthage <fc Ad See M Y C <fe H
Ce.i H la t 4c N
see B C R A N
P 1st g4a.„194* J-D
See Mo Pao
1st g 6s..pl945
Cen Branch Ky
of
Ga
RR
J'ly'05
U9V123<4
Apr'97
Aug'Oc
Oct "05
124
100
liSV
130
98
100
Sep '05
103% 103 >u
103 V 103 V
106 \ 106 Hj 105 V
106 Apr'05
105
94
98
19 102
104*4
3 104*4 109
106V 10d
94
Coll trust Series
4s
H
M48
N 4s
P
94
119Vi
116
MM
1045
Keinstered...,
1st prel income g 5s
pl946 Oct
2d pref income g 5s
pl946 oot
3d pref income g 6e
pi 946 Oct
Chatt Hit pur uiou g 48.1951 J-H
Mac <fc Nor Hit 1st g 5s. 1940 J-J
Mid ijadc AU Hit 6s
1947 J-J
Mobile HIT 1st g 6s
1940 J-J
Ceii UK <fe B ol Us col ir 5s 1087 M-.V
96
Hi
l
4
Sale
76
77
94 Vj
114
llJ's
6
lltS°b
UOV
107
b2
120
120
116«8
6 113
1U J4
109
121V
116V
J'ne'04
96*4
96 K,
82*4
"i7
101
07
88 V
52 V 83 V
93
96
80
76V
90
19
82 >4
6b
93^4 J'ly'05
104 Feb'o4
110«gSep'05
llS-u Aug'06
10i J4 Aog*06
i-j
119
UOV
....
..1916
..1910
1917
4s
4s
RIA
RR
Pao
1918
4s. .2002
Reinstered
2002
Coll trust gold 5s
1913
Bur Ced R <fc No 1st 58.1900
Con 1st col trg 5s. ..1934
A
Registered
1934
ORIFANW 1st gu 68.1921
M&
10^
115Hill5H)
10b J4 112
L
St
A HesM 1st 5s
1923
St L A N O See 111 Cent
Keok
Chic
1946 A-O
2002 J-J
g
2002 J-J
Bkl^ity lstOOD 6s. 1916.1 oil J-J
BkyCodt aeon gu g 5s. 1941
4s
Bklyn Un El 1st if 4-58.1950 FA
Stamped mat 4.. s
|V5i F-A
Kings Co El 1st g 4s
1949 F-A
btamped guar 4s
I!i4'.' W A
Nassau fc.lec gu g Is
1961 J J
JJ
Lint* relg4
Stamped Miar 4 HjS
con lr Co 1st g
1951 J-J
6s.. .193: A-O
g 6s. .1910 J-J
g6»..l'.'i
J-J
J>t United 1st eon g 4 Vs.] 13 J-J
11 v
hlec consol g 61. 1952 F-A
Deii
Hen 'iYam (;o con
Met Ky Co 1st gu
Ky
No pneo
1
.,
,-• ,.,:
110
109 V Oot '05
96V
Sale
io6*v io:i*
10H
109
lOrtV
95
sov
103
Snlt
Sale
95
H.
108% May '06
100 Feb'05
109 V
Ho
82 V
mi V
83 V
98
ln()
81V
ol
......
S0'« Muy'Oi. ....
96
106 V
108 H.
101'« Oct
'05
6
80
'4
110 V Jan'06
102VAug'05
V
96V
91-fH,
UOV
105*4 Aog'04
V
79V 83 4
80 V
100*4 103
96 V
96V 96 >4
98 V Feb '06
101V
107
81<\,
86*4
c2«b
'88
Sale
101*4
V
100
'06
-.;'< ii.-t
101
97
81V
Uo'4
96
80
's
101V 103V
107 Oot "OR
106 Hi J'ne'05
100 Apr'05
....
106 V los V
I06H1
100V
....
100
100
107 V Sep '05
114 Ang'05
106 Hi 106 V 106V IO6H1
....
106
108 V
107
99V
108V
lllH
138V
135V
122
121*4
111*4
i
J'iy'06 ....
Oct '06 ....
113*4
....
UOV
2 109', 111*4
111
1
uov
no
110V
96 V
V
96V
J'ue'04
115V
111
109
109V
1
j-j
113V
106V
13 114
116
116
112 Mar'05
137VJ'ly'99
113*4 Oot '05
106 Aug'04
185 Apr'05
U6VMay'06
106 V Apr'05
j-j
109' 8
j-j
J-D
J-D
110 Oct '05
110 l4Oct '06
127 '4 128V 127V Oot '05
104V 107 105*4 J'ly'05
116*4
'4
117 V
112V
113*4 117
....
....
....
....
i.83V
115
115*8
106V 100»i
iW
108VUIV
108VU0
HOVJ'ne'06
116
110 34
116*4
....
J'ly'06
108 V J'iy'05
108V
:
112
110V 109
j-j
j-j
96 V 99
116H
1 18 '4 120
2 109 V 111*8
109V
184
UOV 113V
2
'05
j-j
137
131
112
2
96V
118-4 Oct
jj HI
j-j
129V
jj 114
jj 105 V
U8V121V
— 109V1UV
U5V
1
no
108
1UV
104V 107*4
183 V 138 V
L18V122
119VU!»Hi
113 V Oot '05
110
135V
110
109*4 Sale
116 Sale
115V
110
116*4
112 V
....
U5VH6V
....
106*4 105*4
126V 129V
:
102VMay'04
•
101
101
101
103
118
117
110
111
Nov'98
114
114
110
<4-M
in
15
99 V 101
Feb'05
Oct '05
....
....
....
117V118
110
U3V
J'ly'05
....
111
111
104
106V
J'ne'05
106 Hi 106 V 106*4 Oct '05
104 Mar'04
114 V Sep '05
111V
....
'04 ....
108V
108*4 Jan
118*8
114*4
118 Oot '06
116 V Api '05
105
103
UOV Mar'05
117
117
1UVU4V
105VMay'04
109V
129V
119V
h-A
105
130 Hi 137
101 106
lo5V
122V
121V
117
....
May'05
....
....
'06 ....
'05 ....
129 Hi Oct
11a*, Oct
142 V Feb '02
131VJan'06
105V»ep'06
....
.
..
'03 ....
105*4 Sale
A-O
90 V Sale
M-N 100
M-N
98*s
M-N
97
M-N
96*4
M-N
96V
90 '4
M-N
M-N
82 V Sale
M N
M-S
96 V Sale
J-H 102 Hi 102*4
A-O llbV
A-O 116
A-O 109
108 V
109 Sep
122 V 122 Hi
123 May'05
105 V lo6 J4
107 Jan '03
96 V
96 V
119V
116VU6V
104V 107
llOHi
II8H1
U8H1
120VMar'o3
1 12 V Sep '04
UOV
127 V 130
118*4 118*4
131V 131V
i05Hi 105V
8 120*4 126
123
123
....
72 104V 107
69
1
V
99 V
96
97 J'ly'01
97 Sep '05 .... 95
93 May'iu
96 V Aug'06 .... 96V
90 Mav'04
83 V •>y3 79
b2ii
76 V Sep '04
93
64 90V
92
102 V 102 V
2 100*4
103
115
M-N 113
A-O 107V
97
96V
85
97V
102 V
USV121V
115*4
Ang'OoL... 109
Apr'06l.... 115
110VSep'06
....
11
1UJ
110*4
•1
I'atre.
io'8V
I
06
J
1C8V U3H,
92
J
91V
04
'4
10^V103' 4
95
Third Ave RB con go
is 21100 J
J
Thud Ave Ky Isl g>68..19S7
J
Met W.s KI(Chic)lstg4s.l93t> F A
Mil El Ky 6, L 80-yr g 68.1926 F A
Minn St Ky 1st con 1 5S..1919 J
il .Jo Ry Lt HAP 1st % 5s. 1:1:17 M N
UCIty Cub con d 68.1037 J J
Underground Eleo Kysof Lon
<ion Prodi snaxtng 6s...
D
90
1
Sep '05
n 3 "Vi
K7
1
ov
J'Uc'OO
Oil
'4
91
103 V
103 Hi
I'lMOIl El
9
1
Hi
week.
'hie) 1st R 5s..
(I
<i4 H,
95 V
-cp
'O..
118
90
114
118
'4
UK
U7V
Hi
-'4'h
United
RR
9^V
I'nili-'
Rys
W
hie Hi
-..a
1
si
-vr
1
I
'.'
16
8
113
98V
1
99 Hi
Oct
*-t
1
"i
1
8
121*4
120 V
V
-j 1
1
8
-j
90
96
97
100V
(>
10
J'ly '04
90
99
HlO'4
m,
89
J
oHueJan dDueApr «DueMay ^DueJ'ne ADuoJ'ly
'06
84
117
94
106*4 J'ly'or.
A
1
U8V
20
100V Nov'04
ibo"
bs.1036 M N
1034
K
IV
1
94
106
87
h7
1
con
'
1
111
114 l-'OV
89 V 94 Hi
116 V UOV
b9*4
B '4
116*4 J'lT '»5
119 Oct'ii5
Sale
94
A
1
U4V H4V
118 V Oct '06
118
.1
.1
J
iViilay; latest price tins
106
Met St Ry gen ool tr g 5s. 1997 F A
Ref g4s
2002 A
B way A 7th A v 1st eg 5s 1943 J D
Cold: 9th A V 1st gu g 58.1993 U S
Lex Avifc P F 1st gu g5e 1993 M s
.1
3
103
Hi
90
10BV U2*4
38 V 94V
1
ma
Loui'-
'l
Street Knilwny
street Itnilwny
Brooklyn Rap Tr g 5a
Colii uy<fc
98V
j-j
j-j
gu g 7s. .1927 J-H
gen g 6s .01919 J-J
11 6
1st
AG
.mXJELLANEilL""! OO.NOS—Continued on Next
1st return, con V
Registered 4s
1934
1906
1910
4s
,
Choo Ok
1
D
122
U3VH3-4
113>4 Feb '06
100 Sep '06
1
J-.l
Refunding g 4s
k,
>
1 tl 4
J'ly'06
116V
M-JS
Clilo
F
97V
Ill *
115V
llbV
Chic Rock Isl A Pac 6s. ..1917 J-J
Registered
1917 J-J
General gold 4s
1988 J-J
100
17
1
'I-.'.
98
T.i
j-j
j-j
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
1
82 106*4 111
103 V
103H,
136V
J-J
J-J
104V 108V
10«»4 111 V
107VJ'ne'06
108*4 107 V
113 Mai
"4 113 113
185 V 187
1907 F-A
Convertible ueb 5s
126H;
—
18
1
J-J
J-J
J-J
Illinois 1st 5s
1910 M-S
C V & St Paul 1st 6s 1909 M-S
Winona cfc St Pet 2d 7s. .1907 Al-N
Mil L S & West 1st g 6s 1921 M-N
Ext <fc Imp s fund g 5s 1929 (•-A
Ashland Div 1st g 68. .1925 M-S
Mich Div 1st g 6s
1924 J-J
124*4 129
....
Jan '05
94
Al-N
Cent
123
103
124
129
99^
A Shawn
Cen Branch U
Registered
General gold 3Vs
«1987
Registered
Sinking fund 6s. ..1879-1929
Registered
1879-1929
Sinking fund 5s.. .1879-1929
Registered
1879-1929
Debenture 5s
1909
Registered
1909
Debenture 5s
1921
Registered
1921
Sinking fund deb 5s
1933
Registered
1933
DesMoAMinn 1st 7s.. 1907
....
119 V Mar'06
119*8 Sep 'OJ
Ott
M-S
A-O
116Hi Mu>'05
loS * loi-y
119V
North
A Montauk bee Long 1
ic West .S«« Atl Coast L
Builalo N V & Erie bee Erie
Salt
J-J
1886-1926 F-A
1886-1926 F-A
1987 M-N
Extension 4s
Bklyn
Bruus
RAP
1910
1910
Exten lst7s
1908
LaCrosae A D let 5s
1919
1910
Mineral Point DiT 5s
1910
So Minn Div 1st tis
Southwest Div 1st Gs
1909
Wis & Minn Div g 5s. ...1921
Mil
VC4H
Bullalo
gen
All <fc West 1st g
CI A Mah 1st gu
Boon <*> Pitts 1st
General g 4s series A..«1989
«1989
Registered
General g 3 Vs series B.el989
1921
Chio & L Su Hiv k 5s
Chic & Mo Riv Dit 5s. ..1920
1910
Chicfc PaoDlvOs
1921
Chicfc P Wist g 58
1916
Dak & Gt So g 5s
A No 1st M L 6s.. ..1910
1915
Chio A Northw cons 7s
93
99V
108'4 104 Hi
6 101 >4 102V
102
Sale
112
108
*
lien
1st 5s
'04
....
101 >4 Oct' 06
111 V Sep 06
120 Hi
121
Hi
115V
loss
3V8...1950 J-J
J-J
Chicago Burlington & yuiu—
1922 F-A
DenTer Hiv 4s
1949 J-J
ilhiioia Uit3Vs
J.J
J-J
Iowa DIT sink fund 6s.. 1919 A-O
1919 A-O
Sinking fund 4s
Nebraska Extension 4s. 1927 M-N
Railway let
IAD
100*4 103*4
13.1'.
102
108
121
J-J
Hast* DDlvlsWs
•
1
J/11/h,
1j 133*4 180*4
8 132V 136 V
112 116
134*4
Ang'06
104VMar'06
104V
<fc
J
1
since
See Atl Coast Line
I'luis.fesaT
A-O
1937 M-N
1937 M-N
P
January
104V
1
M-N
»6\
$<.
Hi
101V
101
97
see Penu KH
M995
Fe—
105
1
1921 M-S
Southwestern D1t4s
Joint bonds See Great North
1913 M-N
97 V
Debenture 6s
Han & St Jos consol 6s. .1911 M-8
18V
Chicfc E 111 lata four 68.1907 J D
95
<*:
<fe
US
Jtaui/a
© ?
High Ao Low
Ask Low
L \ 8 *j
j
is
or
Last Sole
134V135-', 134*4
13---J
133
Imp eu 5S..1921
A II ud K gen iru K os 1920 j-j
Len A woks if Coal 5s. .1912 M-N
(/191o (J-M
Con cxl guar 4 His
N Y * U>ng Br gen a Is 194 M-S
Cent I'acillo See So 1'icilic Co
j
A Dit 1st con g4s..l9S'.i J-J
1989 J-J
2d consol g4s
Warm Spr Val 1st g 6s.. 19 11 M-S
Greenbrier Ky 1st gu g is '40 M-N
Chic it Alt KK ref g 3s. ..1949 A-O
la
Atch Topeka
N
SO
113 4
88 «« 91V
1 03 '4 108-4
t '9 Hi 101 V
92
90
A ba Midi 6«e See Coast Line
At
Suau
HeWt Hun
Albany
K
Sid
90Slo2
Kuilrond
4 la bam a Cent See So Ky
Alleglieuy Valley
Alleg * West
See Bolt
Anu Arbor 1st g 4a
October 27
27
Am DockA
R
Bang*
i-Tflau
of
J gen'l gold Bl.1987 J-J
Kejristered
*il987 m-j
\jO
Week's
t'rtce
B
94 V 103 V
or
V Jan '05
1
M-N
1992 M-S
M-S
99 V IS"
98 '< 2-9
99
99Vi <sAle
1
si
1
-
cent
,
l
exien debt.. M-S
1
Wkkk Enhinu Octohkr
Low Hxgh
103 103 >•> lOSViOct 'OJ ... lo:i>.iioi7 H
103 lOo^ U>4 vJ'ne o."i .... lot Hi 105«J
1
103 «a 104 V, 103 78
10 3
103
104*4
104 >« 10S 1* 04
Oot '0."> .... U'3V loo
107 J '06*02
104ViOot '05
01 Hi loi ij
103
105 503 104
initios 106
106V
Oot '06
I04
lUi%4 I05
109
105 V
1 33 V 1 34
132 7gJ'U6'06
132 V 132V
134 Oct '08 .... 132 V 134 \
134»| 135
1 IO8H1HO
109
108 Hi 108 S,
•Mule Securities
So Carolina
.No
WOO K KXOHA N
N. Y.
i.i'iicral
A
loan tV* cits full pd. 1925 F A
2d series 4 Vs etfs full paid J-J
Alabama
JVfffA
Weekly and Yearly
BONDGi
i.'ilili;c
Mlic^
V
PAHKH
•<>ri{
•Joveriiiiienl
'uri'isn
Japanese Govt 6s aterl'g.1911
A
1«
s-
Last Sale
fYidav
October V7
Bui
U
U
Wee It's
Sana* or
JTtce
u
N. Y.
5
1
'.
I
H,
85
V
si)'4
I
ADueAug oHubOct pHueNov tOpUon
Sols
1300
Bond Record— Continued
BONDS
STOCK EXCHANGE
Week Enoino OCTOBiin27
N. Y.
Ohio St L
Ohio St P
M & O con
6s. ..1930 J
to 3 *28.1080 J-D
Oil St P<fc Minn 1st g 6s KM - M-N
Nor Wisconsin let 6a. ..1930 J .1
St P
S City 1st g 6a.. .1919
Chicago Ter Tran 8 g 4a. ..1947 J.J
Conn 6» reduced
AH
&
Jrice
t'riday
October '47
A
But
bee Ponii Ci
Pitts
<S>
•^a.
Coupon oil
Chic<fe West Ind gen g6»?l 932 Q-M
Mich bee Pere Marq
Chic &
Choc O & Gulf bee C B I & P
W
31.
138*8
94»4
135 a4
184 *a
123
100
99
114
WO^OcfOft
99
113^ Sep '06
99
M-N
M-N'
M-S
W W Val Dlv l8tg4s.„194o JJ
C
I St
&C
I,
consol 6a..l92( M-N
1st gold 4s
*193iJ
Registered
*1930
uin S & CI con 1st g 6s.. 1928
O C C & I couaol 7s
1914
Consol si nk fund 7s
1914
General couaol gold 6s. 1934
Begistered
1934
Ind Bl &
1st pref 4s.l94o
let pf 6s...<U938
O Ind <fc
Peo & East 1st con 4s. ..1940
Income 4s
1990
01 Lor <fc Wh con 1st g 5s. 193;;
Clev <& Marietta 6'eePenn RH
Clev <fc Mahon Val g 6a.. .193
Clev <fe Pitta bee Peon Co
Col Midland let g 4s
194
Colorado <fc Sou 1st g 4a...l92i>
Coluui & Greenv bee So By
Col & Hock Val bee Hock Va
Col
Tol bee Hock Val
Col Conn & Term see N &
Conn & Pa* Biva let g 48.1943
& Gt So bee
& St P
W
W
<fi>
.
.
.
?:?
J-D
J-D
J-J
J.J
A-O
>a.
Oct
Dak &
alias
JJ orris
CM
Waco
Eeaex
<fc
bee
7s... 1907
1st 7s.. .1914
1st consol guar 7s
Begistered
latref gu g 3*28
100
101
76
.
74
116
74 >a
94
N Y Lack & W
Term
<fe
Syr Bing
improve4s
192_ M-N
& N Y lat 7s.. 1900
130
119
99*4
99 a4
100 *a 103
101*2102*2
112 114*4
12134 123*4
'06
131 J4 135
100 13
129 130
112 3e
104 106
.
.
100
98 101
71 *a 84
116*2116*2
75
04 V,
Consol gold 4
1930 J-J
J-D
J-J
"as
Improvement gold 58...1928
BioGr West 1st g 4h
1939
Mge and col trust 4sA.194i'
Utah Cent 1st gug 4s al917
Bio Qr So gu bee Bio Gr so
Des Moi & Ft D bee M & St L
Des M & Minn bee Cli & N \\
Des Moi Un By 1st g 5s.. 1917
Det M <fe Tol bee iS&.M So
Det & Mack 1st Uen g 4s. 199."
Gold 4s
1995
Det Sou 1st g 4s
1951
Ohio Sou Div 1st g 4s. ..1941
Dul & iron Range lst6s.. 1937
Begistered
1937
2d 6s
1910
Dul Short Line 1st gu 5s. .1916
Dul So Shore & Ail g 5s.. 1937
K'astotMinn #ceStPM<&M
J-jast Ten Va <fe Ga bee So By
A-O
A-O
lOlia 102
106»4 Sep '05
107*4
73
90*4
77
96*2
90
91>4
97
loo's.
110
Sep
J-D
J-D
J-D
100
96
101
Sep
M-S
A-O
A-O
93*3 94*4
114
96% OS^Oct
J-J
114
lU^
J-D
M-S
M-S
J-J
J-J
J-J
J-J
F-A
A-O
J-D
J-J
M-N
A-O
A-O
M-N
J-J
N74 Green L gu g 5a. 1940 M-N
Sus
2d gold 4*as
1937
General gold 6s
1940
Terminallst gold 5a... 1943
Begis $5,000 each. ..1943
MldBBofN J Istg6s.l9l0
Wilk<fc Ea lat gug 5s. 1942
Ev & lud lstcon gug6s..l926
/
134*2
101*4 103*4
100*8 106*8
142*al42*2
15 100
102*2
4 109*2
106 3
107*all0
98 101 4
89
94*2
101
95
70
90
114
114 "2
11334
108 >a
113
109
113 8
105
133ia
130
102 4 Sale
J.J
F-A
F-A
M-N
M-N
A-O
J-D
J-J
93 34
96
106 34
101
97
84
96*2
116
lll*all6
120 34 Sep '05
1253s
101*8
13438
1151a
114*4
121H,
117
102
108
121
.1....
126'aMar'06
110 Mar'05
124*2 125 »a
104*2 Sep '05
134!aJ'ne'05
,
104
118 J'ly*04
116 J'ne'05
121 *a Oct' 05
116 Apr '05
101*8 Sep '05
107*2 Sep '05
117*2 Jan '05
107*8.
111 34.
115
117*8l20 34
108 34 J'ly "05
113 34 J 'ly '04
109 Oct '05
113*4 Oct '05
103 Feb '06
132 34 Oct '05
130 Aug'03
101*e 1023s
10 Ha Oct '05
94J4
94!4 94
88 Nov'04
Sale
95 3s
96
37
Sale 106»4
109 609
104 34
125 S2 Sale
107*8 107',
109'e Jan '05
114 Apr'05
.
1
Hi'jti
111)
Oct "05
110
120*4 124*4
106*4 112
Apr'05
Oct '04
114
106
114
Mar'9S
113*4114
90*8 Sale
Hi
90*8
116
108*2 115
90*4
101
92
86
105»a 102*2 May'05
107
108 34
102*3 105
»a
Gila V G & Nor bee So Pac Co
Gouv & Oawegat bee N Y Cent
Grand Kap& Ind AeePenn BR
Term bee St L S \V
Nor— CB&QcoU tr4s 1921
Gray's Pt
Gt
Registered, h
&O
Gulf&sl lstrer&tg5s 61952 J-J
bee
Han & St Jobee X C B & Q
ousatonic
YN H H
Ry
4 bale
102
101«e
101 -a
1921
lfi2 34
99 103 '4
98 '4 102
101*2
bee Clies
102
103*8 Sep '05
Hock Val l8tconsolg4*28.iy9'J
Registered
1999
Col<& H V 1st ext g4s..l94w
Col & Tol 1st ex 4s
195.'
111 1*.
99
Houst E &
Tex bee So Pac
Houst & Tex Cen bee So Pac Co
113
Central 1st g 4s. .1951
Registered
1951
1951
Registered
1951
Extended lstg3*ss
1951
1st gold 3s sterling
1951
Coll Trust gold 4s
1952
Registered
1952
L N <fe Tex gold 4s ...1953
Registered
1953
Cairo Bridge gold 4s
1950
llinois
.
103
105>4 Sale
103*2
106*2
104
103>4
95*4
"a
82*a.
Registered
1951
Gold 3*28
1951
Registered
1951
Spring Div 1st g 3*as... 1951
Western Lines 1st g 4s. .1951
Bellev <fe Car 1st 6s
1923
Carb& Shaw 1st g 4s... 1932
Chic St
N O g 5s.. .1951
Registered
1951
Gold 3*28
1951
Registered
1951
Memph Div 1st g4s...l951
St L Sou 1st gu g 4a.. ..1931
Ind Bl & West bee C C C & St L
Ind Dec <fc
1st g 5s
1935
1st guar gold 5s
1935
Ind 111 & la 1st g 4s
1950
Int& Great Nor 1st g 6s. .1919
2d gold 58
1909
3d gold 4s
1921
Iowa Central 1st gold 5s.. 1938
Gold 4s
1951
Jenerson RR bee Erie
A & G R bee L S & s
Kal Mich
an &
bee Toi & O C
K C Ft S &
bee St L & S F
K C & R & B bee St L & S F
Kan C & Pacific bee
K&T
Kan City Sou 1st gold 3s. .1950
Registered
1950
109
112*3
'4
100 10
102*2lU-"d
.
111 Oct '05
113'aMar'OO
Oct '0:>
Mar'03
Oct '05
Oct '04
109'6 111'4
105 34
Oct '01
Oct '05
lou^J'iy 06
106*2Mar'O.
95
95
123 May'9!
81 Oct '05
85 Sep '05
*a
100*4
107
105
1
103*8 104'
W
102
111*8 HI 1*
105*2 J'ly '04
03 J'ue'O
102 34 Oct '05
<fe
105
10234
94
102
70
105 34
102
3
1 06 4
102
103
101*2 102
108
104*2 107
103 106*3
94*4
86
95*a
96 Mar'05
101*8Oct '99
100 Nov'00
105%
109*8 May'05
122*a
122 J'ly '05
103*a 90 Nov'98
124=8....
124 J'ne'05
123 ....
119 34 Mar'04
94»8 ....
93 58May'04
95
96*8
81
84
95
96
85
92*a
L&
110
110
110*3
109*8 Sep *05
107*aDeo'02
100*a Oct '05
100*4
122
H4
34
99»8 100*2
119 122*a
00 103*4
70*8 82
1
81 *a Oct '05
113 34 Sep '05
87 Aug'05
119
86
H0*a
109*8 109*8
122*2 122*2
101*4 101*2 10l*aOct '0
78
8
122
123*4125
Nov'04
103
W
109*8 109
122
110*2 Jan '05
103
H2*aU6
86
88
70
75*«
M
M
M
72*« Sale
Iake Ene&
72H
63
Kentucky Cent bee L & N
Keok <fe Des Mo bee O B I&P
Knoxville & Ohio bee So Ry
W
72»s
Oct
24
'01
HO**
119 Oct '05
11 5*2 Oct '05
115»a
116*2 117*2 118*2 Sep '05
1st g 5s.. 1937
2d gold 5s
1941
North Ohio 1st gu £ 6s. .1945
L Sho & Mich S bee N Y Cenl
Eeh ValN Y 1st gug 4*23.1940
Registered
194(
Lehigh Val (Pa) cons g 4s. 2003
-J
109*a
*100
V Ter Ry 1st gu g5s.l941
Registered
1941
Leh V Coal Co 1st gug 58.1933
Leh& N Y 1st guar g 4s.. 1945
117*2 120
112o8
llii*4
117*2 120
11 34 Oct '05
110*2
110*2 112*a
101 34 Oct '06
lll 34ll23*
101 34 iul*B
117*2119=8
HOS
l08*aUo*3
118*2 Oct '06
109*2 Oct '9i>
115 J'ne'05
97*a.;„.. 97 *a Sep '05
Eeh
M-N
M-S
M-S
A-O
W 1st ret 6a. 1937
134
81 a4 Mar'Oi
9334 Sep '05
113 34
.
Erie 1st ext gold 4s
1947
2d ext gold5s
1919.
3d6xtgold4*as]I[l!II!;!l92;.
4th ext gold 5s
1920
6th ext gold 4s
1928
1st consol gold 7s
1920
latoonsolg fund 7s
1920
Erie 1st oon g 4s prior. .1990
Registered
199<j
1st consol gen lien g 4s. .1990
Begistered
1990
Penncoiltr g 4s
1951
60-year conv 4s
1953
Bums' Y<fc Erie 1st 7s.. 1910
But! & S
gold 6s
190*
Chic
Erie 1st gold 5s. .1982
Jett
Iatgug58....al90'.t
Long Dock consol g 6s.. 1935
Coal & BB 1st cur gu 6s. 1922
Dock dc imp 1st cur 6s. .1913
&
112*8115
103 105
106*a 108
J-J
M-S 103 14
120*8
x"
127 34 130*2
'05
'05
101
M-N
W
130
'04
& East 1st g 58.1941
ElmCort&No beeheh&N\
&
BB
127
Jan '02
M-N
how
108 *s 109
Fort St U DCo lat g4*aa.l941
Ft VV& Dene lat g 6a.. ..1921
Ft
&, Rio Gr lat g 4a... 1928
al Har <fe S A bee So Pac Co
/
' »al H & H ofl882 1st 58.1913 A-O
Georgia & Ala bee Sea A Line
Ga Car <fe Nor bee Sea A Line
Georgia Pacillc bee So Ky
M
Elgin Jol
A
106*2 110*4
126 1293.,
1283el3134
110 Sep '05
99 34 100
90 34
90 34
110
9934 100
January
r.
114
101
1st gold 3*28
129 Oct '05
112 4,May'06
105
105
106 Vi Sep '06
102 Feb '03
134 May'05
149 Aug'01
101 \ Oct '05
100*8 Oct '06
142 >a Mai'05
A-O 1033b
Warren 1st ref gu g 3 *as.2000. F-A
96Hl
Del & Hud 1st Pa Div 7s. 1917 M-S 133
Begistered
1917 M-S
Albdfc Sua 1st con gu 7b. 1900 A-O 101V
Guar gold 6s
1900 A-O 101
Bens<& Saratoga 1st 7s. 1921 M-N 141
Del Biv BB Bridge bee Pa RR
Deny & B Gr lat con g 48.1930 J-J 102 Sale
btnee
<
Hiyh
122
1101*....
112*8....
M
L
106*8 Oct '05
128 Oct '04
129 l4Sep'0o
127 J'ne'06
132
or
La it bale
Ask Low
Bid
123
Peun Co
LomavDiv&Tenng3*28.1953
Middle Divreg5s
1921
Omaha Div 1st g 3s
1951
St Louis Div&teim g 3s. 1951
M-S 106*8
M-N 126*8
lat 6s.. .1921 J-J
Construction 6s
1923 b'-A
bee
&
Greenbrier
lie^JanU
75
94 \. Sale
Pitta
Octoiii.ii j7
ttvans
T H lat cons Gs.1921
lat general gold 6a
1942
Mt Vernon I8t gold 6s.. 1923
Sull Co Branch lat g 68.1930
l^argo <fc So bee Ch
<fc St 1
•
lait&PereM See Pere Mar
Fla C & Penin bee Sea Air Line
100*8 103*e
74*t
74 "a
112 >a Feb '04
120
&
Hawje
t'ridaii
(jciob r 27
'
A-O
1915 J-D
191 J-D
200o J-D
f-rie
I
M K&T
Western
<fc
VVkkk EBDOTG
Range
Week's
1 it-.'
STOCK EXCHANGE
W
W
Del Lack
N
8438 99
113*4 116»4
104»aNov'01
114*8
FA
17
^ Aug'o5
100
Apr
A-O
J-J
2 122*a 125*.,
80*4 99*«
101 104
100 102 34
98*2l0134
135
A-0
J.J
136*,.
103 a 103 3,
102 34
102
Oct '05
101
103=8
103
100 Oct '04
136
96
*99
Q-J
133%
Hil/h
138*2
135
1
112 «B J'ly '06
123 ^Oct'Oo
.
N. Y.
1
96 34 99*2
101
115
123
No Low
99 a4 Feb '06
94 laAug'Oil
105 Jan '04
102 a Oct '05
98%.
101
107 •«.
102 14
January
'05
96 s4 J'ly
ibi»4
103 34
Since
sq '.
113 Oct '00
117 34 117 34
102%
J-J
J.J
Hxuli
138 '4
138*4
93 Deo '03
135*e Apr '06
129 54 Mar'04
123
& D 2d gold 4*38...1937 J.J IO3I4HO
U& I l8t gu g 68.. .1941 M-N I1734
C Find & Ft W lBt gu 48 g.'23 M-N 95*a
Cin I & W 1st gu g 48.1953 J.J *05*a
C I St L & a beeVCO&StL
Oln S & C &M C O C St L
Clearlielil & Mali
teHUAl'
Clev Cin C & St L gen g 4s 1993 J-D 103 \ Sale
M
Low
123*4 123
Ota H
Cin
Cairo Dlv 1st gold 4s
103
Cin W<fc
Div let g 4s. 1991
St L Dlv 1st col tr g 4a. .199(1
Kegistered
1990
Spr <fc Col Div 1st g 4a. .1940
Hate
Vol. lixm.
2
BONDS
Jian</e
Weeic's
Jianr/e or
J.axt
—Page
119*a
115
97*a
115
99
Registered
107*2110*2
113*4 117*2
101*2 103
132 34
137
100 103 *a
101*2101*2
91
95
1945
1st pf6s
1914
Gold guar 5s
1914
Leh & Hud R bee Cent of N J
Leh & Wilkes b bee Cent of N J
Leroy & Caney Val bee Mo P
E1C&N
Long Dock bee Erie
Long Isl'd— lstcong5s./il931
1st consol gold 4s
General gold 4s
l
J4*4
98^
95 34 114*4
104
Ferry gold4*a8
Gold 4s
Unified gold 4s
105 110
120*al26*2
102 34 105
134^136*2
116
117
116
121*2
114>« 116
101 104
106 34lll
117*2117*2
107*8 110*4
109*8 109'8
113 34 114
N
Y
BB
1st g 5a
110
101*2
102*4105
101
105*4 Mar'03
112 Mar«02
HlSg May'05
100*2
111381113,
100*8 102*a
100*4 103
103 34
105
102*4
110*4
111*4
111*4
1927
Nor ShB 1st con g gu5s ol932
Louisiana* Ark 1st g 5s. 1927
Louisv & Nashv gen g 68.1930
Gold 5s
117*3
99 '4 Oct '04
100 *a 100*2
110 J'ne'04
101 34 Sep '05
103
98
B& MB lstcon g 5s 1935
<fe
116
10l«8 Oct '05
102 *4 Sep '05
101»6
1911
1st 5s
NY
Aug'06
116
100
Guar ref gold 4a
Bklyn & Mont let g 6s. .1911
Debenture gold 6s
106»a Nov'04
115*3
A1931
1938
1922
1932
1949
1934
1949
126*2 125*2
.
103*4.
104
121*4
120*2
105*4 Sale
li'iwiy
104>a
121^3 Oct '06
11834Ma>'0;i
101 34 105*4
lOl'sJ'ne'04
il6"*i'l7*a 120 34 Oct'05
98-\
98**8
98 *a Sale
114 34
114*4 J'ne'05
193"
Unified gold 4s
1940
1940
Begiatered
Coll trust gold 5s
1931
5-20-yr col tr deed g 4s. 1923
& Nash 1st g 6s 1919
E
H
U2*sll2*»
0;
104*-.
6
,
ID
104*a 107
119 122
117 119*9
102*2 105 *a
114*8 12034
31
07*2lU0 38
114*4 117
iUISCKLLANEOUS BONUS—Continued on Next Page.
Gas and Electric Light
Atlanta G L Co 1st g 5s. ..1947 J-D
Bklyn U Gas 1st con g 5s. 1945 M-N
Gas 1st g5s
1947 A-O
Consol Gas conv deb 6s
1909 J-J
Cousum Gas bee PG&CC'o
Buftalo
Detroit City
Gasgos
1923 J-J
Det Gaa Co con 1st g 6s. ..1918 F-A
114*e
83 *a Sale
168 Sale
114*8
82*4
168
101*2 103*2 103
104 ....
105
EdElIllBkn SeeKCoEL&l'
Ed E 111 bee N Y G & E L H P
Eq G LN Y 1st con g 5s. .1932 M-S 112
Gaa<& Elec Berg Co c g 6s. 1949 J-D
Gen Electric deb g 3*as..l942 F A "91*2!
Gr BapG LCo 1st g 5s.. .1915 F-A
Hudson Co Gas 1st g 5s. .1949 M N ivf"
Kan City (Mo) Gas 1st g 5s 1922 A-O
97
JilngeCoEl L& P g 5s... 1937 A-O 107
Purchase money 6s
1997 A-O 122*3.
Ed El II Bkn lstcon g4s 1939 J-J
96*4
114*8
83*e
171
Oct
Sep
'05
'05
<.»« and Electric Light
Lac Gas Lof St L 1st g 5a.el919 Q-F
1934 A O
Bet and ext 1st g 5s
113 118
Milwaukee Gas L 1st 4s.. 1927 M-N
66
85
6s.. .1948 J-D
168 189
Purchase money g 4s. ..1949 F-A
103*2
Ed El 111 1st conv g 5s.. 1910 M-S
99*2
1995 J-J
1st consol gold 5s
105 105
NYGELH&Pg
<fc
Nov'03
61*2 Oct '01
91 Sep '05
112
.
107 34
109*2
100
.
Dec '00
Feb '05
May'05
89*2 92*a
i09*2i09~*2
100 100
.
122*2
122*v
94*2 Apr '05
96
•No price Friday; latest bid and asked this week, a Due Jan
:'
122*2127
94*2
94*.,
108*4 Sale
94
110°,
92 sale
103
ll6*a
NY<feQElL&Plstcong5sl930 F-A 102*4
N Y & Rich Gas 1st g 5s. 1921 M-N 100
Pat& PasG&Econ g 6s. 1949 M-S 103*4
Peo Gas & C 1st con g 6s. 1943 A-O 123*4
1947 M-S i06*4l07
Refunding gold 5s
ChG-L&Ckelstgugos
Con
1937 J-J
G CooiCh lstgug5s.'36
Mu Fuel Gas 1st gu g 5s. 1947
J-D
M-N
J-D
Syracuse Lighting 1st g 5s. '51
Trenton G <fc El 1st g 5s. .1949 M
Westchester Light's g 5s. 1950 J-D
bDueFeb tfDueApr eDueMay ADueJ'ly
A;
108*4 I08\i
105*2 May'05
93*8 Sep '05
110
92
110
9i
103*2 Oct '05
119 Hi Apr '05
102*2 Oct '05
103 May'05
105*4 Mav'05
123 Oct '05
100*4 Oct '05
108*4 110*t 108*4 108 U
108*81' .9*2 108*2 Oct '0:.
106 107 106*2 Oct '05
101
no
110*2 112*8 113
Due Aug
c
Due Oct
Alaj '05
Jan '05
jDneDec
107 34 110
105*2 106*a
93*8
92
108*4 lll*a
97 34
91
103'g 109*2
118*2 119*3
102*2 10s
103 103
105*4 llO*4
123
i2r*«
106*4 109
110
108
107*4 Iu9'4
104*2 101*2
110
li:
111
1
'4
i:
* Option Sale.
Oct. 28 1905.
H
S
1
1
-
3
Bond Record— Continued— Page S
|
liO.\l»
frtce
STOCK EXCHA.Ni.l"
X. Y.
YYtkK
t-.NlilM.
OCTOllKR
<i
-'7
A NubT-(Continued
Louisv
Yl-N
J.J
J.J
Pensacola DlT gold 8a.. .1920 M-S
19! 1 M-B
St 1. DlT 1st gold 8a
198H M.S
ui 3a
r>
Kara .v Nor 1st i Sal 941
Hender Bilpp l«l s tw. 1931 M-S
198' J-J
Kentucky Cent gold 4s..
Ati
.1
t
LAN A M J M 1st
LA X-Soulh M loiiit
b" 1948 M-S
48.1952 J J
N Fla A S 1st gu g BS...193* F-A
Pens A Atl 1st go t 8a.. 1921 F-A
8 A X ALi con KB g 6a.. 19" K-A
1910 A-O
Sink fund iroldOs
ii -1
M-S
BdgeCogu 4*.. 194
A Cn vcC A L
Mahou Coal *Vc 1. 8 A M 8 A-0
anhaltan Rv consol 48.1990
!.
Jett
N A
AC
1990
1908 J-J
Metropol El 1st g 6a
1934 J-D
Man S YV Coloniz g 5s
Mck.pt A B V Sm n V Cent
Meliopolitan Bl AW Man Rv
llei «.'fiit oonsol cold 4s.. 191 1 J-J
1st consol income a 3s. n 1939 J'ly
« 3s.. u 193'' J'ly
income
,iusol
A
coll
coll tr s
191V A-0
4%s
Equip
Mex
Kanye
m
120>-j
111
121b May'05
iao»g
74
74% Oct
79
119
11
l
V
107
113
ltMS, ioa" lol b
109 110V 10s
98
98
iV<3»«
January
Apr '06
111
09
110
N. Y.
1
115b
119
'Ot
'01
Sep
Not*99
Oct -o
Sep '0;>
98
Sep -0;>
Mar'HS
112 b
115 « Mart
111
113
103 7e
97V,
l
110
I
.V.
,
1
2
U
I,
v
98%i*02ti
110
10s
Be
'.'~'i
1
4
2
b
1
1
1
b
1
5
'4
1
1
b
6
b
Mar*oa
9 'J '4 J'ue'05
Bold 58
FA
1st ser... .190.
1st con g 4s. 197
Internat
.
103 \
103'^ 104
Apr -95
100% 106\
104
107
99'4'9.''i
81
sib
-'':
19
26 b
17»4
19
11
20
97%;;;;'
"iiaSep'OB
90%J'ly'01
A
BC KA N
A
M st p A SSM cong4intgu'3s
M S S M A A 1st g 4 int gu 1920
Minn L'n bee St M AM
Mo Kan A Tex 1st g 4s. ..1990
L gu
St
bee
J-J
J-J
l'
2d gold 4s
ffl99u
1944
1st ext (fold os
1st ret R 48.. ..2001
St L Div
Dal A Wa 1st gu g 5a.. .1940
Kan C A Pac 1st g 4s...l99<
Mo K A E
1st
A
So
J-D
F-A
M-N
A-O
M-N
b-A
gu g 5s. ..1942 A-O
gu 6s
1942 MN
M K A Ok 1st
M K ATotT 1st gug 68.1942
194:;
Sher Sh
1st
gu a 5s.
TexAOklalst jruc5s...l'.'4.
Missouri Pacinc 3d
May'00
1'
1st gold 78..1927 J.
1909 J.
Iowa Ex 1st gold 7s
Pacific Ex 1st gold 6a.. .192) A-0
West Ex 1st g 7s. 1 910 J-D
South
1934 M-N
1st oonsol gold 5s
1st and refund gold 4s. .1949 IVI-S
Ft D 1st SU 4s.. .'35 J-J
Des -M
Minn
105
1900
1920
1st consol gold 6s
Trust gold 5s stamped. a 1917
al917
Registered
1920
1st coll gold 5s
1945
40-year gold loan 4s
Cent Br Ry 1st gu g 43.1919
Leroy A C V A L 1st g 5s 1920
Pac K of Mo 1st ex g 4s. 193s
2d extended gold 5a.. .1938
is
J-S
J-D
MS
IN
M-N
M-S
M-S
F-A
M-S
f-A
J-J
FA
J-J
L Ir .MA Sgencon g 5s 193 A-O
Gen con stamp gtdg5sl931 A-O
St
A ret gold 4a.. 1929
A 9 Div 1st g 4a.. 1933
Verdi V 1 A YV 1st g 58.1920
Mob A Birm prior lien g 5s 1945
1940
Mortgage gold 4s
Mob J A K C 1st cons a 5s. 195.
Mob A Ohio new gold 8a.. 1927
Unified
Kiv
J-J
M-N
.VI-
J-J
J-J
J-J
J-D
1st extension gold 0s../il927 y-J
193s M-S
General gold 4s
Montgom Div 1st g 5s.. 194. FA
St L A Cairo coll g 4s. . f 1930
Guaranteed g 4s
1931 ?:!
coll 4s bee Southern
MAO
139
109
117
....
110V.
137
J'ne'05
Ill's
Ilia
....
....
Hi's
Apr '05
ll:i'.,
120'
1
1023j 101 v Sep
102
1
13
'4
1
1
1
1
1
4
1
lOlbj
100>-)1( 4
lOl^j
'4
'4
87
94
94%
97 U
> 1
<-.
109"
106
105»8
.11
110
100% 107 b
l06'sJ'ly'05
104 b 10S%
103 J4 107
:
121% 125%
105
1
107% 107 V
93 b Oct '0-
97 84 Oct '05
110 Mar'05
103 b Sep '05
U9'4 Oct \>i
1
?
H,
Si
llob
llo^Sale
116^
'4
107
:
93 »4
98 V
97 34
109*4
108
l0^ 108% Aug'05
106 Oct '05
1-J5 4, i io" 125
Oct '05
105 14
105'-.
105 b 106 *
107 »a.
114b
104%
I
McM M
LAX
Nash Flor A Shet See
Nat of Mex prior lien 4 'as. 1920 J-J
1951 A-0
New H A D See X Y X H A H
X J June RR See X Y Cent
New A Cin Bdge See PenuCo
X OAX Epriorlleng6spl915 A-0
X 1 Bkin A Man Bch See L 1
N Y Cent A H Bivg 8%8.19B7 J-J
1997 J-J
Registered
Deben g 4s
1934
g 3%*.. .1998
Registere<l
199s
Mich Cent coll g3%s
199n
Registered
I'M*
Beech Creek 1st gug 4s. 1930
Registered
1936
2d gu gold 5s
1930
Beech Cr Ext lstg 3 %s 61951
Cart A Ad 1st gu g 4e... 1981
Clear f Bit Coal 1st s 1 4s. 1940
Gouv A Oswelstgug5s 1942
Moh A Mai 1st gug 4s. .1991
X J June R gu 1st 4s... 1988
X Y A Pu 1st con gug 4s 1993
Lake Shore
coll
93%
U0%
J J
J-J
J-J
A-0
J-D
J-J
l
94^ 94 3
94%
94 34
93% 96%
97% Sale
96 34
97%
94
-
107^4
U2--4
98
UlbMar'04
96
97
93 14 93 14
96
97
Oct '05
Sep -05
l'.9 l4 1-"J J4 !30
130
1 2 2 'g
""" 126%J'ne*05
99
99 Sep '05
115 11534 115 b Oct '05
92 '4 Oct '05
91
89
101 Xov'04
98
98 >s
95% 100*4
125% 130
122
126
96% 99 14
113 34 115%
92 '4 95
A-O
Coal and Iron
Col F A I Co gen s f g 5s. .1943
Convertible deb g 5s
191
Col C A I Dev ^n 5s g..l9oo
Col Fuel Co gen gold 68.1819
Gr Riv Coal
Istg6sl919
ColIndualitconv5sgu A. 1934
lit g A coll os gu Ser li. 1934
Contln'talClatsI gu Sag. 1952
Jen A Clear C A I lstg 5a. 1928
2d gold 6»
1920
AC
HC A C 1st at «
OInd
OreRRAXav
fleaa \%U Coal latgaf &enn Coal gen 5b
121ia Salt 121b 1-lb
113*9 U6*t 114 34 Oct '05
122--6
24
Oct '05
117 « Mar'05
114Hi
U3>4
113 J'ly'0-1
123
114'4 117
119 124
117 »4 117%
106
105%105%
120
Oct '05
83 b Oct '05
84
79% t5
112 34
99^4 Sale
98<4
89b Sale
90
88
99 «8
99 34
99 Sep 'or.
102»4
102 b
91
91%
89
89b
90 b
90
lOO^
90
90
102
107 b.
88
101
90
98% 100%
99
100 b
19
90%
90
106% Sep
'o:
100 l4 102%
90
93
88 b 90%
89 '4 91b
89
90
105% 107 b
Mar'04
.
95
Apr '02
101b 107% 107bJ'ly'00
102 1*....
103 105
105
106
Oct
Sep
M
A
*
No price Friday;
latest bid
am
108 %
103b
100
Oct
124
119
106
J-ni-0
J'iy'05
mob Nov'00
.
12
100
99
'of.
1
120
106
75 b.
101%.
Lb*5%MaV'06
105% 105%
110%
115%.
119bMiu-('5
18% Sep "0
113% J an '02
118
1
i07%Feu"'0&
07 b 1 07
M'4
HIO
103
103
.
Q-F
F-A
104 l4.
104V,
104%
1
'0
120%
104
b
1
,
131% Apr'
104% Sale
119%
U7bll9%
104%
Oct
103
102
104%
105% Oct '05
99%
100
100
101
96%
107%
18
96b
104% Sale 104 b
103%
78% Sale 78
104
76
101%.
115' 8
111% 112
183% 183%
0.-.
J'ne'04
ib'4%
94 b 98
109 b 109 'a
100 103%
105%
104% 106%
103% 100%
104
76% 78%
74 -i 76%
99% 102
78b
Oct
Loii"
"97" ib'6%
100%
96%
101
125
132
.
b 105%
132 b 13-%
J'ly'05
101
102% 106%
103
109 b Feb '05
103 Oct '05
103
112%.
A-O 106%
J-D 100%
'0
125
126%
J'ly'99
112% J'ly'O.
109 J'ne 07
100 b Oct 'Of
92 b Apr '05
.
107% 109
114%Aug'0"
J3
J-D
A-0
115'4
Ill 112
.
99% 101
92 b 92%
114bll6b
118%Feb'05
.
92 b.
116
118'
Oct '05
111
HI
Oct '05
116 %
112
118%
115
Un Pac
Un Pao
NYC
W
Oswego A Rome See
T
C E A St P bee C A X
Oz'rk A Cher C 1st gu 5s g.1913 A-O
)
See
1940 J-D
Mo Pac
g4bs..l917 A-O
Sink fund subsidy g 6s. .1910 M-N
1st g 4bs.l921 J-J
Registered
1921 J-J
Guar 3bs coll trust reg.1937 M-S
1st a fund
Guar3bscoUtr ser B...1941 FA
Tr Co certif's gug3ba.l9i6 M-N
C St L A P 1st con g 58.1932 A-O
1932 A-O
CIA Pgeu gug4bsser A. '42 J-J
Series B
1942 A-O
Series C 3bs
1948 M-N
Series D3%s
1950 F-A
Erie A Pitts gu g 3 bs B. 1940 J-J
Series C
1940 J-J
'02
'05
NACBdgegengug4%sl945
PCCAStLgu4%sA...1940
Series B goar
1912
Series C guar
1942
Series D 4s guar
1945
,
116
100%
110b
!
99% 101%
'v
108%111%
Aug'05
Xov'98
106
102
93b
99%
99%
116%
102%104%
104 b Aug'05
102
Apr'O-j
109 b Oct '05
102 b
Ill
10-5% 109
93' 4
93 b 98
100
iiO
106
Aug'u..
93 b 94
97
99%
117% 120
99%
118%
118%...
118%
116',
106
10S%Aug'03
Series E 3 b guar g
1949 F-A
Series P 4s guar
1953 J-D
Pitts Ft YV A C 1st 7s. ..1912 J-J
2d7s
A-0
M-N
M-S
1943 M-N
1915 J-D
/11912
Penn
1st real est g 4s. 1923
Consol gold 5s
1919
RR
Gr
107
98b
99
93b
98b
1
94%
RA
Jan '04
Nov'00
98% Apr '04
96
02
F-A
Iexlstgug4bsl941 J-J
96b Sep
127% Oct
93
103
96%
Mar'04
Apr'01
119
109
.
103
'02
121
112
107 b.
112 b 114%
112% 113%
112% 113
'05
95
105
123
1912 J-J
3d 7s
DRRRA Bgelstgu4sg.'36
103
116%
J-J 104%
A-O 112% 113% 112% Oct '05
A-0 H2bll3% 11 2% Oct '05
112 b J'ne'05
M-N 111%
103 J'ne'05
M-N 104%
Consol gold 4s
Convertible g 3bs
Convertible g 3bs
1912 M N
Alleg Val gen gu g 4s... 1942 M-S
CIA Mar 1st gug 4 %s.. 1935 M-N
.
.
l"l %
Registered
106
83»4
109
106
109
Ill's Sep '04
110b
100% 100 b
Aug'03
1(16
105% Sale
100 b Oct '05
:00b 102%
106
105% 123 101% 107
104b
110%
103b
110%
110
104%
104'.
1
104% 104%
110
111% J'ne'05
110
111
Jan'O.
111%
on Next Page
Telearapli and Telephone
103 b 103% Oct '05
94
90 J'ly'05
105
75%
',3
Sale
Sale
104
102
85
107% Oct '04
102 b J'ly'OA
73 b
75% 329
71%
73% 840
107% Dec'04
107
102% Oct
105 b Oct
102
105
100
12
112
102
Oct
111b 112
108*%
10
i
91
asked.
00
Am Telep A Tel coll tr 4s 1929
Comm Cable Co 1st g 4s. .2397 Q
MetT A T lataf g5a
191 > M
X Y A X J Tel gen g 5s.. 920 M
.1
1
78'
74'
08
00%
Oct
100
100
105%
West Union col tr cur 5s. 193>- J
Fd and real ent g 4%*.. .1960 M
Mul UnTel
s
J
K
104%
J
112
N
J
I
Sale
10M»„ 113
112
112
104% 107%
100%
106%
107% Sep 'OS
103
J
1915 1
96 b 98
109b 109 b
"i
100% May'05
105% J ly 'o3
106%
107%
fund 6s. ..1911 M N
Xorth w Tel guf 4bsg..l934
97
111%
96b 98%
96% J'ly'05
96 b
96
95
J
M
107
110%
J'ly'04
Muy'97
106
101%
1
Tenn Div lstg 6s
ol917
liirm Div 1st consol 6s. .1917
Co 1st gu g 6s. 1922
DeBarCA I Co gu g 6.1. 191 11
V Iron Coal Co In
Can C
See
ore Short Line See
Fac Coast Co 1st g 5s
of Missouri
H'l
;,
119
106
.
99%
103
Lai"
109% A pi III
124
Feb 'of'
.
116b.
WW
Registered certitic's..l923
St Paul A Dul 1st 5s.. ..1931
2d 5s
1917
1st consol gold 4s
1968
YVash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s. .1933
Nor Ry Cal See So Pac
Xor YVis £e« C St P iM A O
Xor A Mont See N Y Cent
A YV See C C C A St L
hio River RR 1st g 5s. 1936
General gold 5s
1937
Ore A Cal See So Pac Co
i
J-l)
MS
FA
'08
l.o
102
.
CBAQcolltr4s See Gt Nor
St P A X P gen g 6s. ...1923 F-A 125%.
96*4
95
98 "o
104 b 110
lu3
105 b
110 b U9 4
37 115% 119
109 34 Oct 'Oo
M-N 102 102 b
91»4 Sale
F-A
FA
F-A
FA
9*1
ill
•
.
l-'b
106
01992 M-S
—
MISCELLANEOUS BONUS— Continued
Kan A
1
Penn Co— Guar
A
1st consol 4s
114'4
ll'll
1996 A-O
Div'l l8tlAgeng4s...l944 J-J
Pocah C A C joint 4S..1941 J-D
C C A T 1st gu g 5s
1922 J-J
Scio V A X E 1st gu g 4s 1989 M-N
Xorth Illinois See Chi A N
North Ohio See L Erie A
Xor Pac Prior lien g 4s. .1997 Q J
Registered
1997 Q-J
General lien gold 3s
a2047 0.-F
Registered
a2047 0.-F
St Paul-Dul Div g 4s
1996 J-D
Registered
1996 J-D
110b
AT
TAB
13
:
A
ac
1st consol gold 5s
1928 A-O
Jasper Branch 1st g 8s.. 192.; J-J
YV
Ai 1st 0a.. 1917 J-J
Branch 1st 6s
1917 J-J
I
M»)
2
10UH
',
99b
3
128% Sep '00
139 Jan 'OH
123',
186%.
Registered
Panama
jj
b
110%
99
['id"
in,
9
I
112 Aug'05
1941 M-N UO
A South 1st g5s
133 b Jan '05
.1931 M-N 133%
A West gen g lis
132% May'05
A ext g 6s.. 1934 F-A 131%
132 b Dec '04
1932 A-O 129
New River lstg 6s
N & YV Ry 1st con g 48.1996 A-0 101% Sale 101% 101%
^S 34
S4 34
103% 109
Mohawk A Mai i«.YVC4H
Monongahela Kiv See B A O
Mont Cent bee St 1* M A M
See S P Co
Morgan's La
Morns A Essex See Del L A YY
L 1st 78.1913
Nash Chat A St
(),
Iniproveni't
Sale
I
iiujii
Lov>
i
Xorf
-i
103
119
ft'u
102% Xor
99
88 'a Sale
k7 3
88^
107 Si Sale 107 b 10"i '4
l'2»4
92
92 ^ 92
109
105
nec'04
I'JSj "97"i2 97 b Aug'05
113 Oct '05
11s
109 109 % 109%Oct'05
09 b Oct '0;".
109
It'?
A
Cliio
itlijh
"i'uViij
122%
X Y A Put See X Y C A H
N Y A R B See Long Island
X Y S A YV See Erie
X Y Tex A M See So Pac Co
114 all7-'4
95 b 98»e
96
98 4
'.'."
Bala
',
I.
lo.v
Regis §5,000 only
l
:«
1(1
mi
X V A North See X Y C A H
N Y O A YV ref 1st g 4s..f/199'J M-S
-\
t
Xov'01
103
10P4
08 34
rju', i-2
Oct 'Of
Aug'05
14
97
....
....
98
>j
1
Mar'or.
J'ne'05
97 14
H6*allS
97
1
137
137
Y
-.')'.;
H'S',
l(li)
Blk Rivgug4s. 1922
St L 1st g 4s. 1937
1937
Registered
\ Y & (iieeuw l^ike See Erie
X Y A liar bee X Y C A Hud
X Y' Lack A \Y .See D L A YV
X Y' L E A YY' See Erie
X Y A Long l!r bee Cent of X J
New York New llav A Hart—
Housatonlc R con g 5s.. 1937 M-N
N 11 A Derby con cy 5s. 1918 M-N
Utlca
N'
n
H'2'.j Snl!
dswe A R2dgu g5s...el915
R WAOT Rlst gu gos.lOlS
"'.</'[
9'
LI
PS', 109
R YVAOconlstext5s./il922
73% 82%
24 b
A sh COW
lll'.l',
2361
1997
1997
L828
g3bs
Nino*
hiHiiaru
ft
Rat C ASturl8tgu.g3s.19S9
X V A Harlem g 3%s...2()0l
2000
Registered
N Y Ai North lstg 5s... 192"
106 hs 109
94%
I'll
gu. ..2301
nke shore guid 8%a
1st
17 34 Sale
\I-S
ANW
M A St
See Chic
See Ch
Hi 103»4l07
104
104
Sale
24>-j*ale
81
197' M-S
Stamped R uh ran tee,!
191< J-D
Mex North 1st sold 8a
Mich Cent bee N V Cent
Mid of X J SwKrle
MU L S A YV
Mil A North
Minn A St L
103>4
Is
Hid
I
1
1 1
I.'.
1
1
gn n 5s.
KdilfiC
Rcmgt or
Od<,b,r 2 7
Registered
Debenture g -is
Del Mod .v- Tol 1st 7a. 1906
K11 A.v G u 1st gn 058.1988
Malum CM RR 1st 5s.. 1931
Pitts MeK A Y 1st guOs. 1932
2d guar Os
193
MoKeeaA li V lstgOs L918
Mich Cent 1st consol Os. 1909
6s
1931
1931
Registered
1940
4s...
lorn
Registered
1961
J L A § lstg 3bs
1
l
1st
1st
Registered
111
b
\Nc;i
OCTOHl K -'.
K—( Continued
11
N Y Cent
Not A Mont
Weal Short-
b
74% 74%
•-'
1
E.NDl.Mi
Week's
I*rtce
/'riitau
stock BXCn
U'KKK
J
Hu/lt No Low li mil
Ash Lcno
109 Mar'OS
109
109
Oct "OB
131
I28«a 132
120 b 128
L28 Ang'O:
Ul>4
131^
1
b nee
Last bale
£301
HOMIS
KilHiJf
or
I
Registered
I
Week's
.
/•ridau
October 27
II
LCin A l.ex cold 4 %s... 1931
N o A M 1st cold 8a.. ..1930
N A M -•' Bold 6*
"S
LA
b
9
'
'08
'05
'on
Dec '03
lb Oct '05
till -ink
A
InduHllial
Arn Cot Oil ext 4%s
:oo%
n.i
'06
112
'lunula,
104% 107
.
10
;
i
is
'.1
1
112%
'
ids'
Yin Hide A L 1st si g6s..l919
S
Ainer Ice Secur deb g Os.. 925 A
\in BPirita .Mfg 1st g Oh.. 191 5 M s
Thread 1st col tr 4s. 1 9
J J
A m Tobacco 40-yr g 6s
1944 A-O
Am
. .
1
P8S
98%
96
04%
82 b
81%
l'»l b
ol b
90% Oct 'O.
98% Sale
BS
96
81% Sale
101 %sale
90%
113% Sale
1
1
:i
'.j
111
2
32
97% 101
94% 10o%
.,1
77
83%
91
101
>«7% 91
'.
3
10% 118%
79%
80% \va 71
79%
30% £
aDueJan bDueFeb c Due Mar d Due Apr ADueJ'ly fc Due Aug o Due Oct p Due Nov q Due Deo * Option Bale
81
91%
4s
19..
I
F A
ii.-
—Page
Bond Record— Concluded
302
J
BONUS
WeeHs
Price
Friday
Hang* or
STOCK EXCHANGE
October 27
Last Hale
Week Ending October 27
Bid
ASK Low
Hiah.
Penn BB (Continued)
109% J'ly '06
PliilaBaJA W lat g 4a„1943 M-N 109 V
10o%
Hun & Lewis 1st g 4a. ..1936 J.J
BOND*.
Jiangs
Since
«
N. Y.
January
So Lou
106*4
1
Hifjh
109%
Southern Pac Co
Morgan's La<fc
UNJ BB&
Ill's.
123
103
W
W
102
M-N
J D
MoKees* Y
1144
1134
<fc
fleeN
1174.
137
.
A-O 107
Y Ceu
119
115%
116 May*05
102 4 Sale 102H> 103
101
100 Jan '05
99 '4 99 J< 99^
99 78
<fe
Hee
Og
111
Mar'03
Sep '05
Jan '05
109
744 77
81
89
B B&P
Hee
N Y
Rutland 1st con g 4 4s
Cent
1941
Og&L Cham 1st gu 4s g.1948
But-Uauad 1st gu g 4b. ..1949
Oag Tus & H Hee Pere Marq
CHJo&Gr Isl 1st g 4s. ..1947
St Law & Adlron lstg 6s. 199b
1990
2d gold bs
St L & Cairo Hee Mob * Ohio
Iron Mount Hee M P
St L
N Hee Wabash
St L K O
St L M Br Hee T BB A of St L
8 Fran 2d g 6s CI B 1906
«t L
JJ
108
110
106Hs
J.J
J-J
084 99
J-J
94 Hi Sale
122
122 135
J-J
1064
J'ne'05
99
94 Hj
94 Hi
11
104 1064
104 105%
128%....
1144-..,
1906
2d gold 6s Class
1931
General gold 6s
General gold 5s
1931
8t L <te S E BB cons g 4s..'96
Southw Div 1st g 68..1947
Betunding g 4s
1951
6-year gold notes 4 4— 1908
K C Et a & M con g 6s. .1928
K C Ft 8 & M By rel g 4s 1936
K C & B <fc B 1st gu 6s. 1929
St Louis So Hee Illinois Cent
1st g 4s bd ctfs.1989
St L a
2d g 4s ino bond ctfa...i>1989
Consol gold 4s
1932
Gray's PtXer lstgug 5s 1947
St Paul & Dul Hee Nor Pacific
St Paul M & Man 2d 6s.. .1909
1933
1st consol gold 6s
Begistered
1933
100
89
87
96
87
99Hi 100
87 Hi Oct '05
4
84
87 Hi
83
''
9641014
804
84Hi
_,
83^4
'112
1074
108
Oct '05
May'02
108
140
140
139H»,
107%113
136
140
113%.
U4HiOct*05
*l04%.
nn.
116HjApr'01
112 Oct '05
105 Oct '05
102 4.
1933
1910
ext 1st gold 4s
1937
Begistered
1937
E Minn 1st div lstg 6s. .190b
Nor Div 1st gold 4s
1948
Minn Union 1st g 6s
1922
gu g 6s
93
132 Oct '05
114 H> Oct '05
1124 116
98 H> Sep '06
984 100 '4
102 '4 Aug'05
101 1024
8878
89 Hi 183 884 92-4
96 Lec'04
125 Aug'05
1244126'4
87% 87 'e 77 874 92
83 4 Sale
103HiSep'05
102% Oct '05
10341034
124 May'05
136 Hj Sep '00
123
135
to gold 4 'as. .193;;
1st
126
,
136%
1937
Begistered.
1937
1st guar gold 6s
1937
WU1 <fc S F 1st gold 6s.. 1938
St P <te Nor Pao Hee Nor Pao
St P & a'x City Hee C at P
&u
Salt Lake C 1st g s 1 6s. ..1913 J.J
8FePrea<& Ph lstg 5s.. .1942 .VIS A & A P Hee So Pac Co
S F & N P 1st sink 1 g 53.1919 J-J
Sav E <fe West Hee Atl Coast L
E Hee Nor &
Scioto Val &
Seaboard Air Line g 4s ...1950
Coll tr retund g 5s
1911
Car Cent 1st con g 4s.. .1949
FlaOen<fc Pen lstg 58.1918
1st land gr ext g os.,.1930
Consol gold 5s
1943
.
134^4
111
115
1104112%
103
105 14
102%104 34
124
135
Dec '04
1194126
120
121*4
lai^Oot'OS
118 4120
120
12141214
M
W
N
Ga & Ala By 1st con5sol945
Ga Car No lstgug 5s 1929
8eab& Boa 1st 5s
1926
Sher ahr & Ho Hee M K & T
Sll Sp Oca & U Hee Atl Coast L
<fe
8od Bay & So 1st g 5s
1924 J-J
So Car & Ga Hee Southern
So Pac Co— BB 1st ref 48.1955
Gold 4s (Cent Pac coll).A:1949
Begistered
A&N W lstgug 6s
89 34 Sale
lo»4
107%
A O
A O
A-O
M-N
M-IM
J-J
101 4
112%.
1114.
1084.
118%.
109 4.
.
120 Hi Sale
994
118-4....
10u%Sal
....
110
116
W
Jan
'04
110
109%
Oct
'05
108
110
89% Sale 89 4
8934 38 84 34 92
104%
104 34 104^
5 102
105
98%
a8HiOct '06
95
98%
108
109 Feb'05
109 109
103%
1094
109HiMar'06
109 4109 4
111 34
112H3 112%
109 4114
110=8
110 Jan '05
110 110
1114
lll^May'OS
105
97
95
Hi
974 182 954 984
95% 12 92 4 974
May'05
1114 Aug'05
94
Sale
894
*98
91
104
10741084
101%
60 100% 104
4
99 4 Mar'03
894
89^ 15 874 90
01 ^ Oot '05
lu8 4Mar'05
115 Oct '05
99
Hi
Ill's
HOi,
98
123
99 Hi
994
127
Hi
102
1084 110's
113
1074J'ne'05
107 4 Feb'05
103 4J'ly'04
1 1 1 % Oct '05
110 Hi Oct '05
1054
94
111%
101 3
1
114
103
96%
954
Sale
963s
107%
101
Jan '03
102
fcl949
1941
Cent Pac 1st ret gu g 4s 1949
Begistered
1949
Mort guar sold 3 4s..fcl929
Thiougk St L 1st gu 4s '54
Gal Har & s A 1st g 6s. .1910
Mex& Pac lstg 5s 1931
Gila VG<fcN 1st gug5s. 1924
Hous h. &
T 1st g 58.1933
1st guar 5s red
1933
H cfc TC lstg 5s int gu.. 1937
Consol g 6s int guar. ..1912
Gen gold 4s int guar. .1921 A-O
Waco& N Wdiv lstg 6s '3d M-N
110
115
1074110
105 4 107 '4
110% 112%
110 4112 4
994
95 4100>4
Feb '02
W Min W N W
Tol& O C lstg 5s
to
1
125'4
4 Aug '05
116% Oct 06
124 HsOct 'ofi
126 4 J ue '06
1164 Oct 06
114 Sep 06
1104
11041114
110^4
1164117
Feb 06
98
.
111
Ill
123
110
116
114
119 4
12 2
113
1--^
4
4 116
I2l%125
123 4 127
14% 118
114
96 4 98
111
19 108
1
112
Feb
Dec .
H44J'iy't
1144
1144117
114
114-vAug'i
11441144
97
97%
116 1164
114 4J'ne'i.
974 May'O
4 Apr '05
F-A
A-O
M
W
1094
1224 Sale 122 4
1014 1014
109
934 102
114 4116%
107 4
95 4
91
89 4
83
97
.
A-O
112%
.
96 Hi
M-S
1114
904 91
J-J
100
964 Sale
994
95
92
87
994
964
1044 1084
103 4 1064
112% 1384
1374 Apr'05
1164 137%
102% 1034 "l4 102 104
264 125 4 3 1234 127 4
1194 1194 14 1174 120
974 13
95 4 984
96%
Dec '03
114%Apr'02
112
1034104%
103% Aug'05
10741124
1124 Oct '05
1194 10 116 119%
119
107
91
107
1064112%
1
Sep '05
74%
90
Aug'05
Apr'05
1104 Oct '05
97 Nov'04
SH Apr'05
97 May'05
09 4 Mar'03
90
89 "4
91
664 84%
733
76
102
103
92
92
103
92
1094 112
86
96
88%
984
1
864 96%
35
45%
1
354
36
143]
87%
88
45
874 94
964 99 4
Mar'Ol
110
Aug'05
110
1164Sep'05
I113
97%l
1164
11441144
111411-1%
111 4 Aug'05
90 4
91
102 Jan '05
964
112
90 4
1
98.
02
954
102
904 974
lULNCKLLAINKOtS BONDS— Concluded.
iVlaiiulncturiiiK iV Inilimri'inl
Cent Leather 20-year g
Consol Tobacco 50-yr g
Begistered 4s
Sec Cor conv lstg 5s. '27
Int Paper Co 1st con g 6s. 1918
Consol conv s I g 5s
1935
Int St i'unip 10-yr conv. 6s '13
Ice (Chic) 1st g 5s. '28
Knicker
Lackaw Steel 1st g 5s
1923
IN at Starch M fg Co 1st g 6s 1920
Nat Starch Co s f deb 5s. .1925
Stan Bope& T lstg 6s. ..1946
Income gold 5s
1946
8 Leath Oo sf deb g6s.. 1913
U S .Realty & I conv deb g 5s '24
U S Steel CorplO-60 yr6s.tt'6S
Begistered
April 1963
Va-Car Chem col tr 5s g..l912
Distil
'
.miscellaneous
1925 A-O
4s. 1951 F-A
1951 F-A
5s.
No price Friday;
A-O
F-A
J-J
J-J
A-O
A O
M-N
J-J
F-A
M-N
J-J
M-N
M-N
194S M-S 102% 103 102 4 103
97% 1004 362 97% 1024 Adams Ex col tr g4s
81 4
814
814 29 74
84 4 AmDk<fcImp5s See Cent N J
AmSSCoof WVag5s....l920 M-N '"""''
1004 J'no'02
854 Dec '04
67"
Sale
81
60 Oct '05
794
814 372 /7 4 824 B'kl'n FerryCo 1st cons g 5s '-18 F-A
109
108 J'ly'05
109% 109 ^ 9 107 4 110
Chic Jc<fc St Yard col g 5s. 191 J-J
96 sale
77 Oct '05
95
95
19 9 4 96
Det M & M Idgr incomes.. 1911 A O
103 41034 103 Oct '05
102% 105 4 Floboken Life I gold 5s. ..1910 M-N
97 4 Oct '05
Mad Sq Garden lstg 5s.. 1919 M-N
•74 98
100
Sale
Sale
Sale
.
75
51
24
3
111
100
99
104 4
105
33 104% 108
85
93
71 '4
69
42% 59'4
87 4 Oct '05
73 Oct '05
51
52
50
24
3 '4 167
14
8
1134 111 Sep '05
1084 112 4
Sale
99% 100
80 i^ 103 4
Sale
97%
99% 1551 92
99 4
96%
A-O """i004 1004
latest bid
IS 102
1
105
86
69
and asked
this
.Man Ben
Niewp
NY
11
<fc
L gen g
Ship
d;
4s.. 1940
D D5sdl990
Dock 50-yr 1st g 4s.. 1951
Provident Loan Soc 44s. 1921
St Joseph Stk Yds lst44s. 1930
at L Ter Cuuples Stat'n <fr 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 Bed <fe Bet st s 1 ir 68.1931
11 924 98%
1004 6 99% 1014
week, a Due Jan b Due Feb
96 J4
Ne
F-A
MS
J-J
98
99
101
Sale
97
99
98
Sep '05
101
106
45 4 58
108 108
714 80
Feb '02
J-J
1004 8ep
'05
944 98
98
100
10041004
J-D
J-J
M-S
1
e
50
M-N
Due May jrDueJ'ne h Due
112
H0 4 Sale
l
J'ly
I
1194119%
119 4 J'ne'05
964 Oct 05
1144M»V05
J-J
112
110% 113
40
110
.
1064111%
'i
J-J
J-J
1204125%
:
Nov
M&M
125%
984 1014
121
125 4125 4 125
1254 8E
'98 100
99 4 Oct '05
108% .... 106 -2 Aug'05
106 4 Nov'04
115
116 Oct '05
115 118
111 May'04
109
109% Sep '05
974 9=4 98
98 4
93
93 Oct '05
91 Hi 91 34 914
914
814 Sale 84 4
85
984101
99 4 Oct '05
11241144 112 4 Oct '06
93
9 6 4 Sep 'oo
105 4 Sale 105
105 4 93
104 4 Oot '06
Sale 134'4
134k
1364 128
W
F-A
11141124
1224
1014
112 4J'ly'04
FA
&
11641164
5
:,
1164x17
1935 J-D
Kan<fc
1st gug4s
1990 A-O
Tol P &
1st gold 4s.. ..1917 J-J
Tol St L&Wpr lien g 3 48.1925 J-J
50-year gold 4s
1950 A-O
Tor Ham <te Bun 1st g 4s. A.1941! J-D
Ulster & Del 1st con g 5s 1928 J-D
1st refund g 4a
1952 A-O
Un Pao BB & 1 gr g 4s ...1947 J-J
Begistered
1947 J-J
1st lien convert 4s
1911 M-N
Regiatered
1911 M-N
Ore By & Nav oon g 4s. 1946 J-D 102% Sale
Ore Short Line Istg6s..l922 F-A 1264
1st consol g 5s
1946 J-J 1194 Sale
97 4 Sale
Guar refund 4s
1929 J-D
Begistered
1929 J-D
Utah & Nor 1st 7s
1908 J-J 107%.
Gold 5a
1926 J-J
Uni N J BB & C Co Hee Pa BE
Utah Central See Bio Gr Wes
Utah & North Hee Un Pacific
Utica & Black B Hee N Y Cent
Vandalia consol g 4s
1955 F-A 103
Begistered
.....1955
See Mo P
Ver Val Ind & See South By
lrginia Mid
Va &, Southw't 1st gu 68.2003 J-J 1124
1939 M-.N 119 Sale
Wabash 1st gold os
2d gold 5s
1939 F-A 1074108',
83
90
Debenture series A
1939 J-J
74% Sale
Series B
1939 J-J
99 4
1st lien equip s fdg6s..l921 M-S
924
1st lien 50 yr g term 4s. 1954 J J
J-J 11041114
Det&Ch Ext lstg 5s.. 1941
904 .
Des Moin Div lstg 4s. .1939 J-J
85
1941 A-O
Om Div 1st g34s
M-S
95
Tol& ChDiv lstg 4s... 1941
St Chas Bridge 1st g 6s. 1908 A-O
Wab Pitts Term 1st g 4s. 1954 J-D 894 Sale
36% sale
1954 J-D
2d gold 4s
Warren See Del Lac & West
Cent See Nor Pac
Wash
See Southern
Wash O <fc
West Maryland 1st g 4s. ..1952 A-O 87% Sale
West-N YJi Ba lstg 5s.. 1937 J-J 11841194
9o% 97 ^
Gen gold 3-4s
1943 A-O
BB
May '05
1
111
A-O
1935 J-J
&
luo%
Nov'04
General gold 5s
W
964102
118
118%
97 4 101
117 4118
954 984
Izl',
115% 116
1-4m
11741214
60
J'ne'05
116 4
121
1124
4H1
98 4Mar'05
90 4 Dec '04
94 4
Il5 34
109 4
J'ly'OO
FA
<il943
See South By
Va Cent <fe P 1st g 6s. .1911
L E 1st g 5s. ..1926
Wheel'g
Wheel Div 1st gold 6s.. 1928
Exten & Imp gold 5s. ..1930
1949
1st consol 4s
20-year equip s f 5s ...1922
East See Erie
Wilkes
Wil & Sioux F See at P
Wis Cent 50-yr 1st <ren 48.1949
118
100
5s
1931 J-J
1st gu 5s '30
Income 6s
West No Car
100 4
1314 117
<?2000 .Mai
W
112
108
J-D
Pac Co
2000 J-D
5s... 1935
112 4 Feb'05
111 Aug'05
120 4 121
110 Feb '04
9.1
99
118 Aug'05
J-J
5s
Western Div 1st g
108
964....
1164
1084109%
J 'ly '05
4 Fee '06
CM
Sep'"
M
Hee So
1034 Oct '06
101 1044)
89 4
89 U 37 88
914
108 4 Apr '05
106 1084
109% Jan '05
1094109%
103 J'ne'o.i
1024 103
104 4 Dec '04
16*"
112 4 1134
112 4 i
116
Gen refund s I gas
1953 J-J
St L
Bge Ter gu g 58.1930 A-O
&NO
So Low High
Sep 04
Jan '01
106
113
108%
95 4.
1164.
con g 6s.. 1914
Tex& Pac let gold
2d gold inc 5s
La Div B L 1st g
Hiah,
129 4 NoVO 4
122 DeC'04
109
M-N
Tex
Isow
Since
January 1
Hale
1144D<»0'04
119 Feb'o4
1114
115
Jyast
E c
1
A-O
110 ....
1134....
& N Ala Hee L & N
Spok Falls <fc Nor 1st g 6s. 1939
Stat Isl By 1st gu g 4 4s.. 1943
102 104 34 Syra Biug <fc IN Y Hee D L & W
104 1043s 'Ter Aot at L lstg 4 4s. .1939
I 1st con gold 5s
1894-1944
1294132
103% Oct '05
104 % Feb '05
994 Sale
Mont
Mont C
Sale
123 4
87 Hi Sale
100
M
W
Begistered.
J-J
J-J
103%
S
<fc
Dakota ext gold 6s
J J
<fe
<fc
Reduced
A*k
Virginia Mid ser C 6S...191H M-!Series D 4-5s
1921 M-S
Series Eos
1926 M-S
General 5s
1936 M-N
99
N C
<fc
2?
Guar
W O W stamped 4s.. 1936 J-J
1st oy gu
1924 FA
West
1st
99
lOl^Nov'Ol
A-O
J-J
J-J
Tex<feNOSabDivlstg68.1912 M-S
Con gold 5s
1943 J-J
Southern— 1st con g 6s
1994 J-J
1994 J-J
Registered
1174121
M ob <fe Ohio colltrg 4s.. 1938 M-S
Mem Div 1st g 44-5s... 1996 J-J
St Louis div 1st g 48
1951 J-J
110
116
Ala Cen B 1st g 6s
1918 J-J
194K J-J
100% 1044
Atl <fe Danv 1st g 4s
100 100
2d 4s
1948 J-J
98 4 101
Atl & Yad 1st g guar 48.1949 A-O
1916 J-J
Col & Green v 1st 6s
E T Va <fc Ga Div g 5s. .1930 J-J
195( M-N
Con 1st gold 5s
E Ten reor lien g os
1938 M-S
109 109
1922 J.J
Ga Pac By 1st g 6s
81
75
Knox <fe Ohio 1st g 6s. ..1925 J-J
89
89
Bicli &, Dan con g 6s
1915 J-J
Deb 6s stamped
1927 A-O
Meek 1st g 4s.. .1948 M-N
BlOh &
1919 M-N
So Car <fe Ga 1st g 6s
1064100H-
120 V, 1204 1204
1214 98 J'ly'97
L K
Pitts
Hov'97
120 Oct '01
112 Hi Dec '02
118
J.J
Rich <fe Dan Hee South By
Rich & Meek Hee Southern
Rio Gr West Hee Den & Rio Gr
Rio Or Juno 1st gu g 6s. ..1939 J-D
1940 J-J
Rio gr bo 1st gold 4s
1940 J-J
Guaranteed
Rome Wat
II6H1
1
1997 J J
Begistered
Jersey Cent coll g 4s.. .1951 A O
Rensselaer <fa Sar Hee D <fc H
&
114 4
119»« Apr'04
126
J-D
JO
&
Roch
J'ne'u5
112
114
1
8A4A
1194123
Sep '06
114
927
<fc Cal 1st guar g 6s.
Pass lstgug 4s. 1943
So P of Ar gu 1st g 6s...cl 909
1st guar g 6s
cr.uo
S P of Cal 1st g 6s kit B.1906
1st g 6s series C &. D...10O6
I8tg6sserie8 E <fc F...1912
1st gold 6s
1912
1st con guar g 5s
1937
Stamped
1905-1987
8 Pac of N Mex lstg 6s.. I'll
SoPac oast lrtgu 4a g. 1937
1034103 4
Sep '06
11 4*8
October
Kid
( Continued)
Ore
P-A
1st g 6s.. .1940 A-O
lstconsol gold 5s
1943 J.J
West Hee B & O
Pitts
Pitts Y <fe Asli 1st con Ss.1927 M-N
1997 J-J
Heading Co gen g 4s
Sh
Hi
12341234
'0
109 Apr '02
121 4 Oot '05
1054
120 4
A O
M-N
A-O
W
Pitts
Pitts
106
Range or
T 1st 7S.1918 A-O
1920 J-J 118^ 1224
NYTex&MeigulHt4Hgl912 A-O
No of Cal 1st gu g 6s.. ..1907 J J 101>4..~
Guaranteed gold 6s
1938 A O 112
<ft>
4 Jan
Week's
Friday
1st gold 6s
11048ep'04
1204
M-S
->
lxxil
Hang*
Price
STOCK EXCHANGE
Week Ending October 27
N. Y.
.
Can gen 48.1944
Nash
Peneacola <fe Atl Hee L
Peo <fc East Hee C C C 4 St L
Peo <& i'elt Un 1st g 6s.. ..1921
61921
2d gold 4 4s
PereMarq— Oh<fc
M 6s 1921
1920
Flint* PMg6s
1939
1st oonsol gold 5s
Pt Huron Div 1st g 6s. 1939
SagTU8<*! H IstgUg 48.1931
Phil B &
Bee Penn BB
Phila & Heading cons 78.1911
Pine Creek reg guar 6s. ..1932
Pitts CLu A at L Bee Penn Co
Pitta Oleve & Tol Hee B & O
& Oh See Peuu Co
Pitts Ft
1922
Pitts Juno 1st gold 6s
Pitts & L Erie 2d g 6a...al928
[vol.
4
J'ly'
.
1134 J'ly'OO
100
p Due Nov
100 4 49
* Option Sale
83%
I
-)
H
1
J
4
'
CHICAGO STOCK EXOH&NWS—Stock
lb—HIGHEST
slut
SmtHramn
Oct
LOWEST BALI
A.\l>
J liursda
Oot
.l/oii,i(ii/
U
Oct
Oct
Oct .5
:>4
Record -Daily, Weekly and Yearly
yrocKs
CHICAGO BTOOK
KS
B/i
1
y
"•6\
204
204
"
">':'.",
"',;V
6 Hi
•19>j
21
• 1 !• H:
47
i
•200
205
47\
21
ii
46 Hi
4
11
Hi
19
«:>Hi
47 U
Hj
•i.'iHjf'O"
•90
20
*70
"ftftlj
44 Hi
•
H,
"ii'
Bl**
27
71
',1
71
71
72
71
»81
90
•81
24
V,
•
•24
B
28
90
98
91
Hi
B
j
•90
*0.">
7 H.
"J 6
S'7
•
24 "S
'17
•08
•29
•09
• 60
'.'7
20 Hi 89 Hi
oo loo
•61
62
30
JOU
•99
•60
Hi
00
24 Hi
La
/. ([
90 Hi
»2B
62
60
Sfi
1
S
!>i('
1
87 Hi
SO
••.".1
'<>;•
a
•.'7
1
J'ly
J'ly
Oct
L(
9l
LOO
8,076
100
7o
ion
100
W
A
Ll
..
100
S Kiev.. UK)
loo
Do prel
ion
North Clue Streei
Northwestern lilffv.. 100
loo
Do pre!
100
South Side Kiev
Streets WStable C 1, ion
"i'jo
1(10
1,16(1
S'.ll
"
' i
60
fi
Hm
West Clue street
61
100
,
205
•!
.11/
nvious
i
flVt
Luae.sl
1
li ti/liest
5
>>7 ;,.|
,
l
21
M11 >•-'.(
100
260
25
60 Mar27
90 Hi M«.yl7
27 Aug28
97 Feb 3
40 J'nel2
Veil
'„ K.'l)
60 Sep
83 Vt Ken
Aug
6
Sej)
8
28
Bep
27
N»v
Nov
t
Fell
i:>
.Nov
.il
Dec
1
:;
6
•
28 Hi Oct 21
7 3 Hi Sep 28
Keii 2
B8
26HiOol hi
'i8
Oct Id
100 An-.
30 Sep 18
103 14 -Mm -21
72 Feb 3
i'HiFeb 9
66
Ann
13
51
6 h.r(ic'- ~
28 .J'ly li
BO -Tnn 9
82 Hi Jul i
90 .Jiui 1h
59 Hi Jan 10
55 .I'lyl4
Mai LOO
Oot 25 155
7-'4Jau H
24
Jan 31
fi
Ik
1,63 V
2:0..
'.j
B9
61
subway
ihioaoo
Metropol
ea
Oct 'o."
07"-.
:'6Hi
OS Hi 9 9 Hi
60 Hi 60 Hi
60
vi
-'3
1
»98
-'OH:
30
9S 78 B8
30
100
Sale
st
J!
S
•71
1
16
10
100
100
pre!
Do pre!
Kans l.'ily Ky
Do prel
•
1
UtghMi
Jan
Oluo union Traol
'_
1
"0
66
99
28
79
:>o
28
•71
1
Sep
'1
BH|
Hi
-I''',
lg
1
?<3
"
Hi
•27
73
Hi
1
Sa
st
9l-«,
28 Hi 38 H;
24
•
H;
1
11
11
56
•5ft»i"66
92*a
•85
•90
•
Do
1
Lowest
300 180
100
100
Chic & oak Park
••',
90
4 1',
Hanoi
)
Week
Vim.'.
chic City By
CiUO Conaol Trao.
210
IB
46
j
7 ,
/. (i
53
•203
910
"*6Vi"*6Hi
•
1
11
4 5H.
•808
206
901
)-,ir
for
I'."
Mill ilinl-
l>
XX
•105
BOngg
.S(l/..s
01 tKt
KNCHANoH
J?
Oct
)
1
27 Hi May
28 Hi "
80 Hi N01
•
1
Mm
8.1
Nov
Mai
Mai
Jan
68
88
Bep
Oct
Sep
Apr
-,
15
11
86
l.'i
44
90
'-'i,',
'-,
Nov
Nov
Ma
98 Hi Not
;;i
28 Jan
Oot
82 Hi A pi 103 J'ne
38 Apr 56 Hi Sun
.MiMcellnneous
100
Allis-Chalniers
Do pre:
ll 3
11
liHi
!)
72
106
•131
MOO
•131
133
11H.
72
Hi
133
11
11
llHj
72
.
72
ll *
•130
132
Hi
C6H.
71
766
133
68
Hi
Lai
66Hi
100
11
100
Do pre!
71
Oct '05
Last sale
Oct '05
loo
56 Amer slupbldg
Last S a
100
Do pref
06\ Oot '05
Lastsale 198
May*04 AmerT* S Bank.. ..loo
•37
40
100
Booth (A) & Co
40
•37Hl
Ijast Sale I OS
100
Sep "05
Do pref
*
65
70
68H2 Cal <fe Clue Canal & DlOO
Last salt 158
Mar'05 'entral Trust Bank. .100
Lastsale 10
Feb '05 Cluoago Auditorium
Last Salt '
J'ne'05 ChioBrew'gdfc Malt'g
71 Hi 71
t s a
106
131
•10*4
1
1
1
BO
105
•104
05
35
105
69
•104
68
68
lOfi
•36
•ld4
68
35
•104
•66
6ft
35
40
105
66
1
•10
•10
-'4
•6
4
Hi
32
75
•
•
56
•10
•3
•>4
1H>
4
•1134114
62 Hi
116
lHi
6
6 34 Last sale 6
J'ly'06
163 Hi •162 163
163 Hi 165
•49
49
49
48 Hi 49
50
136 Hi 13s •136 Hi 138 Last Sale 137 Oct '05
105 luO
•104 4106
1"6 106
106
106
142
142
141Hil41Hi 141'g 141'8 142 142
63
63 *b 63 4
63
63
63 H.
63Hl
63Hl
6a
•6
4
164
164
163
*
..
35
76
55 34 56
55 H:
•113Hill4 •113 114
62 H, 62 H,
62 Hi 62 Hi
116 116
116 115
Last Saie
Last Sale
Last Sale
Lastsale
Last Sale
Last Sale
36
76
»
Chio Edison
100
Chic Pneumatic Tool. 100
75
& Trust... 100
100
100
Brickt
Kans City stock Yds. 100
J'ly'05 Knickerbocker Ice.. .100
Oct '05
100
Do pref
17
341*
Clue Title
Diamond Matoh
Illinois
Dec '04
Sep '06 Masonio Temple
Oct '05 Mil<fc Chio Brew'g
Lastsale >i(Hi Oct '05
66 National Biscuit
56Hi 65Hi •55\i
66
66Hi
114 34 115
63
63
115*8 HtS
114
62
107
107Hi
101
107 107
120 125
101'8 10178
115%
Do
116H?
•63
19
pref
64
115 H6H1 lloHl H6H1
Lastsale
o->i
Do pref
100
May*06 Page Woven Wire Fence
101\t
125 125
101 Hi 101
Hi
105
105
127%
1
4
St Louis Nat St'k YdslOO
Swift & Co
100
102
Do
•1»,
40
40
•l 7s
2
13H.
13
2Hi
133s
40
•
2
13%
•39Vt
2
13»4
2
12*8
*39Hi
40
*1*»
2
13H|
40
13
•40
2
Unlt'd
12 34
13
40
Do
40
.
Chicago Bond Record
BOND!)
~!
I
"
Price
Week's
Range
Range or
Since
Last Sale
Trade 4s ...1927
ClucConsol Br<fc Mlt6s
Chic onsol Trac 4 His
1939
Chic Edison debent 6s
1913
1st gold 5s
A1926
Chio Auditorium 1st 5s.. .1929
Chio Dock Co 1st 48
1929
Chic Boaro
ol
100
Feb
1'4
Nov
8 Feb
173 Hi Nov
36 Nov
147 H2 Nov
10 8 Oct
142 Hi Nov
51
1 34
May
Not
62 Aug
123 34 Jan
10 Hi Not
Nov
Aug
Apr
Nov
42
Deo
9
214
Oot
Feb
Jan
Deo
Jan
Jan
25 sep
Jan 58 Hi Deo
99 Hi Jan 116 Hi Nov
25H» Mai 4 6 Hi Deo
95 Jan 120 Sep
Oct 6
20
Angl6 66 s4 Apr 3
Augl7 120 Hi Mario
36
Jan 25 67 Hi J'ne24
Jan 5 120 J'oeUi
6»4 Mayl9
Apr 20
Feb HOHiNov
Oct 27 114 Jac 6
46 Jan 25 127 Hi Oct 27
86 Hi Jan 4 103 Sep 25
99*8 Apr
35 34 J'ne
75 J'ne
1,802 105
145
673
7HiOct
Box Bd & P ColOO
99(1
pref
100
2,520
8
23
J
16 Hi Nov
47 Hi Jan
87 Not
10°8 Deo
100
This
ia
new
l»8J'ly25
2
Ha
Apr 3
34J'ly
Augl6 15 s4 Oct 2
Feb 15 41 Aug21
7
14
J'ly
,sep
3*8
Not
20 34 Jan
26 Hi Deo
stock.
High No. Low High Bankers National
99Hjlol>*
103 103 '4
103 104
100 Hi J'ly'05
103 Aug'05
104 May'05
103 Apr '04
59 Hi 68 Sep '0:
104 Hi I'ne'05
104H 104 l4Sep'0o
loo Oct '05
Dividend Record
Outstand- Surplus
ding
Profits
Stock
NAME
Calumet National
J-D
198
40
110
12
52
20
98«8
pref
January 1
Ask Low
Hi
94i4<)ct
Chicago Banks and Trust Oomoanies
JYiday
Oct v?
Bui
1910 F-A
Amer Biscuit 6s
Amer Strawboard 1st 6m. .1911 JCass Ave & FG(StL) 5s. 1912 J-J
6
23
40
10 Hi Dec
50 Jan
17 J'ue
99»8Mayl8 11034 Apr 8
60
*l's
2
13 Hj
t
CHICAGO STOCK EXCH'GE
Wkkk Ending October 27
963 41
66 110
Sep 20
123Hi8ep
100
127% The Quaker Oats Co. 100
102
Do pref
100
On Stock Yds(So Om)100
Deo '04 Union Bag & P Co ...100
Last Sale 10%
13
746 52»4
1,127 110 34
J'ne'05 People's Gas L.& C'kelOO
105 Hi 106 H•126 130
101 101 Hi
106Hil07
Feb 6 34 Hi Aug 1
Feb 16 76 Oct 18
7 Hi
100
100
12 Hi Deo
64 '4 "eo
79HiI>oo
8 Hi Jan
44HiMar27 48HiAugl4
2>4 0ct 18
2 Jan 30
2Ht
Pullman Co
107 Hi
125
Apr 25
9
Lastsale
107
•118
101
11
63
47
115
63
Hi
Hi
60 Jac 25 78 Hi Apr 28 31 J4 Jac
76 Jan 24 106 Sep 29 40 Mai
125 Feb 21 133 J'ly 31 116 Hi Jan
60 38 Jan in 59»4Sep 18 19 J'ne
98 Hj Jan 17 105HiMar27 82 Aiil'
183 Mar
16 35
Oot 24 40 Jac 4 33 Nov
105 Marl7 112 AnglO 100->4 Mar
1 ,309
50 J'ly 27 70 Oct 26 52 Feb
148 Hi Feb 23 150 Marlw 120 J'ly
10 Jac 5 10 Jac 5 10 Oct
VJ'ne 2
*
Jru 18
1
Jan
6 J'ne2S
7 Jan 20
Feb
7
376 153 Jan 25 172 Feb20 140 May
3yo 32 Jan 7 52Hi Mario 18 J'ly
125 May 4 143HiFebl7 115 Mar
109 95 Apr 6 106 Oct 21 86 Feb
603 134 Hi Feb 1 145 Aug28 126H»Feb
740 65 J'ne27 66 Hi May26
J'ne'04
->
•55
.
62 Hi
1H>
*6
8*4
163 1G3
49
48
•134 137
106 106
14lHil41Hi
63 Hi
63
-160
•136 Hi 138
106 106
•141 142
64
64
'10
..
•3
1H.
6»4
14
476
Chicago City
Chicago National
Chicago Savings
ommercial National..
Jn
1903
m
1904
Last Paid
Per
lOd
^-J Oct
2,000,000 $1,087,113
100,000
28,765
200,000
163.776
1,000,000 1,457.056
k 500.000
k 60.8 14
2,000,000 1.803.231
3,000,000 1,238,721
3,865
50,000
3,000,000 3,656,960
200,000
14,458
276,841
600,000
8,000,000 6,172,662
117.377
100,000
629,029
500,000
238,758
1,000,000
149,968
500,000
1,000.000 1,045,565
162.906
100,000
12,534
200,000
13
16
8+5
12+3
2
•05.
Jan Jan 05, 8
J-J J'ly •05, 4
Q-J oct •05, 3
'12*
qIj ()0t" "•Oft,* 8*"
12
50
66 Hi Continental National..
8
q-J Oct •05, 2
8
lo3Hil04H2 Cook Co State Savings
6
Q-J Oct '05, lHi
J-J
6
104 104 3< Corn Exchange Nat...
12
12
A-O
Q-J Oct •05, 3
Drexel State
99 Hi 100
6
6
Q-J ')Ct '05, lHi
F-A 100
Drovers Dep National
8
Q-J Oct •05, 2
A-O
8
lOOHs
34 Nov'04
First National
12
Q-J lot •05, 3
1905 J-J
100
Ohio Equit tiaa 6s
||12
First Nat Englewood..
10
J Oot •05, 2 Hi
6+4
ChioAMilElecRy 5s. ...1919 J-J
81
Foreman Bros B'k'g Co
68
Pnv ate Ba ft
79 bale TO
79 Hi
Chio Pneum Tool 1st 5s .ol921 J-J
Fort Dearborn Nat
6
6
Q-J Oct '05. lHi
79 Nov'04
Chio Rock I& Pac RR 4s. 2002 M-N
Hamilton National
80 Apr '04
Collat Trust g 5s
1913 is
"A"
106 108^ Hibernian B'k'g Ass'n
J-J riy •05. 4
Commonwealth Elect 59.61943 M- S 106 Sale 106
106
"h
94
98 Hi Home Savings
10
J-J
ly •05, 5
Illinois Tunnel 6s
94
95 Oct '05
10
1928 J-D
i'
100 100'b Manufacturers Bank..
Q-F Aug •05, 1
Kans City Kv<fc Et Co 58.1913 M-M
100 100 Oct '05
98 Hi Milwaukee Ave State.
97 34
97
250,000
J-J J'ly '05, 3
Kniokerb'cker Ice 1st 5a. 1928 A-0
98 Hi Oct '05
263,238 "a
*"tf
Nat Bank of Republic. 2,000,000
09
971,602
Q-J )ct •05, lHi
Lake street El 1st 5s
6
98 H» 99 ^ 98 Hi
6
1928 J-J
97U100
National Live Stock... 1,000,000 1,307,291
Income 5s
16
16
15
12+3 Q-J Oct •05, 3
16 May'05
1925 Feb
34 Sale
3
Metr
Side El 1st 48....1U38 F-A
6.273 "8"
94
94 4
50,000
6
Oct •05. lHi
04 Hi
6H North side- state Sav..
94Hi
89 '4 89 34 89»4
Extension g 4s
86
90 Hi Oakland National...
49,587
89 3„
50,000
6
ft I'ly •05, 3
1938 J-J
90 100
Peoples Trust Jfc bav ..
16,777
North Chio st 1st 6s
92 Oct '05
200,000
New Bank
99
1906 J-J
88
99 Hi Prairie National
250,000
1st 6a
90 Sep '05
68,958
19o9 J-J
Prairie State...
Refunding g 4 H<8
79.244 "S"
oct '05, 2
250,000
1931 A-0
ijjas
95
Pullman Loan & sav
No Chic City StRy 4Hi8.1927 M-N
89
Oct •05, 2
89 Aug'05
300,000
175,819
8
8
oct •05, 1
200,000
34,294
North Weet'n El 1st 4a. ..191 1 MS
94 \ 38 93 Ht 95 3« South Cluoago Savings
5
94*i 94 Hi 94 H.
96 Hi State Bank of Chioago. 1,000.000
Ogden (ias 6s
88
661,287
OCt '05, 2
90
6
1945 M-N
9oHi 90 Hi Oct '05
no Hi 100 H stock Yards Savings
'06
250,000
98,279
Pearsocs-Taft 5a
1916 J-D 100 Hi
100 Hi Sep
99 e Union Bank
4-408 B B B
99
200,000
9J 78 Sep'05
21.264 Began Mayl 19C 6.
1920 M-b
99 Hi
200,000
99 Hj Sep '05
16,294 New Bank
4-40s Series C
F-A 99Hi
99Hi 99 34 Union Slock Tde State
4 -60a Series E
99 Hi 100
100 Sep '05
M-N t9978
100^4 Amer Trust & Savgs
loll
oct '05, 2
4-808 Senea F
100
3.000,000 2,044,355
6
7
M-N
100 Aug'05
:?.: '4
OOt '05. IN
Central Trust Co of III 2,000,000
4
People's (iaa
912,682
1
Ist6s.l943 A-O 123
123Vi J'uc'o5
H).-iHil07«8 Citizens' Tr & Sav lik.
Refunding g 5s
106 Hi
200,000
New b ank...
IO6H1 106
1947
J4 lOS'H,
Oot •o:>, l *
107
Chic (iaa LtAC 1st 5s.. 1937 J-J 107 Hi 108H; 108
10-<
Colonial Trust ,fe Sav..
6
£200,000 /C176.711
6
Oct '0 ..
Hi
107 Hi Drovers Trust <fc Sav..
6
Consumers' Gas 1st 5s..l9.it> J -D
107 Hi
200,000
48.209
jet '05
6
M-S 8ep '08, 5
104 V Equitable Trust Co
8
South Side Elev 4 H18
8
500,000
600,000
1924 J-J lOiHilOJ ^ 103^ loS^
Hank
Sav.
Swilt & Co 1st g 5s
lo2 Hi 103 "i, Federal Trust & Sav.. 2,000,000 Merged wi h.vm Trust
103 Hi IOS**
1914 J-J 103
Ltuon El (Ixjop) 5a
105 Hi 107
First Trust & Savings 1,000,000
1945 A-O 105 106 105 Hi 105 s
804,675
L'uion Pacihoconv 4a
12+1 Q-J Oct '05. 3
Illinois Trust & Sav.
114 Not'04
0,305.487 "16
1911 M-N
4,000,000
V 8 Brewing 5s
Jackson Trust & Sav.,
68,639
250,000
1910 M-S
81 J'ly '04
2 1.8-1 Began I. in
190
U b steel Corp 2d 5 3
Ken wood Trdb Savin g-<
200,000
88 Novdl
«1963 M-N
let
'05. 3
12
west Chic st 1st 5s
dci chants' lYii<fc Tr o 3.000,000 3,709. 7. io
90 Hi 100 H.
19
100
100
1928 M-N 100 101
•05. 3
a
Tunnel 1st 6s
6
60
244.269
Metropolitan Tr it Sav
750.000
^ep '05
1909 F-A
Oot •06, 2
8
8
DebeaxtBa
80
BO
Northern Trust Co Hk 1,500,000 1.702,469
85
90 Feb'09
1914 J-D
f!a v»g •06, S
6
6
«>«n-ol
j*
75
456.561
90
500,000
1936 M-N
83
lep '06
BOS Royal Trust co
-8
>\e*t DivClty Ry 4HiS..1932 J-J
698,120
1,00(1.000
98
95
Union Trust Co
6
"e O.J oot ''05,'lHi
Weat'rn stone Co 5-20 5s. 1909 A-O
22 l.o
08
Western Tnul <t Sav. 1,000.000
98
\Iayl, [80 5.
14.71
N •! c— Accrued interest mutt t be added to all Chicago bo ml price s.
200.1
Wood lawn Tr&SaV Hk
JAlso paid 12'',. in Dec, 1903. in stock of First Trust & Savings Bank.
Includes special dividend of 30% declared Aug. 10, 1904.
* J;.u
prices; no
de on tins >uv. t No price Friday; latest prloe thui week,
a Due L-eo. 31. (/Due June, e Duo April.
h Duo July. k Capiun and surplus to 00 uicreaneiL
'
J-J
J-D
,
.
•
W
'•
|
1
E&C
MS
--j
1
P
1
.
1
.
.:
-J
w
I
1
1
I
'.:
I
<
BOSTON STOCK EXCHANGE— Stock
»iiar«-
Krtcfw — ^<>l
Monti ay
Oct i3
l*<">'
'Juesuay
Oct 'i4
('ciiiiiiii
Weitnehiia'i
Oct 25
Record, Daily,
STOCKS
I'ricex
/luraaay
Oct
;<i
If
•89% 8934 •88' 89 H.
104% 105 105 Hi
89%
6?
»101 %10fi%
04%
•257
257 258
163% 158 H 163
*245 '248
'245
•177 178
178
•25
'72
•27
73
183
207
246
178
257
153
246
178
•309
•26 Hi 27
72 78 72%
•
180
'3ca
257
163 H;
248
178
309
....
1
53
28"
80
72%
Year
Mange
'or /^reviota
Year ri'M4)
Ween
Shares
Lowest
Lowest
Htaftest
1
1
ujnest
a Iron iN
1
88 H Atch Top ife Santa FelOi
262 77%May20 08% Mar 9 64 Ma
89 % Xo»
Do pref
101
104
15 99% Jan 2" 105% Sep 2
Jan lol% Xo»
Boston <fc Albany
267
100
Deo
181 254 Jan 3 26]
Apr 4
254
Bosuin Klevateil
loo
1 .3%
154
Hi '153H? 154
144 153 A us 8 168% Apr 2f
00 % Dec
Boston & Lowell
'242
245 245
100
6 *241 May 2
2 19
Mar..,
Mai 242% Sot
loo
177%177%
177 Ha 177S Boston <fe Maine
61 HV2. J'ne
185% Mar 14 168 Ant i75%Deo
Do pref
100
Last Sal' / 74
Oct '05
171 Jan 6 175
Apr
166 Apr 174 Oct
'30)
309 ....
3o9% 309% Boston & Provirtencelou
....
295
ieb 303 % Deo
3 105 Jan 18 UOI4 Aug
-27
Boston* Wor Elec Co
28% 28
29 H»
250
s%.Jan 17 35 Mar22
l)o pref
73% 73
74
74
74
74
250 63% Jan 17 82% Apr 13
180
Last Sate 175
Oct '05 '-•hic.JuncRy&US Y100
J'ne 154 Oct
150 Jan 1 182
Marl'.
Do pref
1.8
128
121 Jan
100
132
Eeb • fU6% J'ne 127 Deo
'05 Con<fe MoDtClass4..1oo
Last Sale 187
Oct
M6 Jan 4 189*4 Mar25 180 J'ne 1b6 Xot
i.a&i Sate 65
Sep '05 Conn & Pass Riv pref 1 00
160% Jan 19 167 Augl 160 Apr 162% Jan
Last Salt- :'t:i
285 Jaiil. J00 Auflli '276 Jan 80 J'n»
Oct Vi Uonnecticat River... Ion
Fitchourg pref
143 143
142
loo
142 142 Ha 142
261 142 Jan i 148 MarlO L33 J'ne 142 Not
•90
•90
90
-1
92
92
loo
92 <*a Ry & Electric
Sep 30 24% Jan 07 Deo
15 59 % Jan 16
*94
•94
Do pref
94
94
96
96
100
86 86 Jan 4 95 Oct 5 73 Jan 88 Deo
Maine Central
190
190
100
4 175 Jan 24 190 Oct 27 170 J'ue 175 Apr
•13
Vlass Electric Cos
1
13
13
13
14
100
760 13 Oct 21 23 Apr 3 1 1 % Sep 24 Jan
56'
Do pref
66 l4 56 34
100
56%
591 55 4 Feb 11 7o%Mar30 52 '4 Oct 80% Jan
56 H2 56 34
•23 8 24% •23 H? 24 H; •2334
Mexican Central
24
100
Api 23% Not
2o0 1934 May 1 25% Mar 14
5
203i N V N H & Hart.... jo
205 205
204 204 7 203
416 195 Hi May23 2 5 <, Sep 2 185 % May 199 Oct
'0! Northern N H
Last Sale 164
Oct
161 Oct 4 1 ti 7 % May 2
100
159 Au£ 163% Apr
Last sale iJ3
232 .Ian 24 233 May23 222 Jan 232 Apr
Aug'O. -Norwich & Wor pref 100
Old Colony
208
208 208 Hi •208
28 205% Jan 5 212 Apr 26 198 J 'lie 207 Apr
100
Pere Marquette
101
100
25 79 Jan b 102 Feb 14 74 J'ly 80% Feb
82%
Do prel
112 77 J'ne27 87 Feb 6 68 Mai 79%Xo*
82 34
83
100
Last Sale 65
Oct '05 Rutland pref
50 Apr 3 72 Jan 19 29 Aug 73% Deo
100
Last sale 15
15 Jan 13 17 Mar2o
J'ly'05 savannah Elec com., loo
*62
65
Last Sale 63
Oct '05 Seattle Electric
100
50 Jan 5 67% Aug'25 40 Jan 42 Feb
34
9834
Do pret
98
99
99
99
333 93% J an
1 02
Sep
99
100
87 % May 95% J'ly
13334 134% 1 33 >4l34i, 132% 133 V) Union Pacilic
100 6,270 113 Jan 6 138% Aug24 71% Mai 116% Not
•96 Hi 97',
96
96
Do pref
loo
80 95 Sep
101% Keuzo 86% Mar 97% Deo
95%
95\
Last Salt 18't
loo
172 Janl» 1^0 Oct y 160 .d a> 173 Xot
Oct '05 Vermont & Mass
99 34 9934
99 Ha 100
99%
50
48 93 Jan 3 102 Sep 14 89 Jan 93% Deo
99-U West End St
Do pref
114
114
108 Jan 114 Dec
8 112 Jan 3 117% Apr i
50
Last sale 11
21% Jan 27 31%Sep 1
Oct '05 Wisconsin Central. ..100
16% J'ly 17% Feb
Do prel
Last sale 60
55% Augll 60 B sep 13 37%J'ly 43% Deo
Oct '0;'»
100
Last sale 147
146 Mar20 147 Mar2e 143 Dec !46%Deo
Apr '05 WoicNasn<fe Roch.,100
.HiscHiaiieous
25 4
25
25
25
25 H12% Apr 24% Deo
25 H- Amer Agncul Chem.lOl 12,836 19% Jan 2;. 29% Apr 10
*93
Do pref
223 86 Jan 3 l'6>4 Sep is 71 Jan 87 Deo
93 H2 94
100
93%
93%
93
a Amer Pneu Serv
3%Eeb 6% Not
406
•6H3
7
5(
4% AprlJ 8 Augl4
7
6 4
6Ha
6%
93.. 20
26
Do prel
29
29
J anli
30 J'ne2'2 17 Feb 27%-?ep
25 Hi 25 Hi
29
. 5o
142 Hi 144
141% 143
141 38 142i4 Amer Sugar Retin
100 8,82 1 30 Hi May23 149 Mar 2 122%lre0 152% Not
140 140
Do prel
139 140
177 132 May22 140% Aug23 122% Jan 141 Not
139% 139 H
100
Amer Telep & Tele?. 100 2,595 136% Oct 12 148 Jan 4 119% Eeb 149% Not
138 13$ Hi 137% 138'4 138
138%
4'2 14 43 34
4134 42 7j
Feb 21% Not
42 Amer Woolen
y
41%
..100 5,19i 21 Jan 23 43'4 Oct 26
Do pref
104 \ 105
104Hi 105
104% 101 H
loo 1,111 92% Jan 3 09 Mar31 68% Jan 94 J4 Leo
3 j'ne b
4 Ha Last sale 4*4
4 sep
3%Marl3 4 4
3 .Nov
J'ne'05 Boston Land
10
'122
•12234 124 Uumherl Telep & Tel 100
124
123 123
55 116 Augli 124 Jan 6 112%Jan 122% Deo
22
21% 2 1 Hi 20%
855 17 Jan 24 24% MarlO
20 H Dominion Iron & St
7% J 'ue 19% Not
-•534
»34 East Boston Land
6
62b
5%J'ly 5
5 J4
5-i
7 34 Jan lo
5 J4
5% Jan
7% Deo
249 *
249
248
73 2242 J'lyl5 257 Apr 6 230 Feb 265 Aug
248 Edison Elec Ilium. ..100
J lieneral Electric
189 189 186 Hi 190
169 8 Mav2- 191 Jan 17 al51 J'ne 194 Not
447
186% 186 ,
100
4934 51
49% 49% 50 Hi
50 14 Mass'chusettsliasCoslOO 5,587 38% Jan 6 51% Aug.; 1 36 Dec 44% Aug
8*
88
Do pref
724 80%Janlo 58% .vlayli 7 734 Mai 84% Oct
88
88
88
87%
loo
199 200
197 197
12 U35 % J 'ne2i 206 Apr2.< 173 J'ut 200 Not
196
197 Mergenthaler Lino..] 00
*1 34
*1% 1%
Mexican Telephone., lo
1
1\
23
Eeb
l%Apr 234 Not
2% Oct 7
138" N E Telephone
138 138 H3 138% 138 H 138
109 133% Aug22 140% Apr 27 118 Eeb 141 Not
100
a
2 4Jan b
1
Eeb24
%Oct
*lHa
50
4 Jan
2 Hi
l'< PlantConj t'ststkcomlOO
1%
*1Hj
2H
•11
14
Last Sa„t Z3H,
Do pref
10 Jan 6 17 Jaulo
8 Oct
17 J'ly
Sep '06
100
252 252
Pullman Co
252 252
250
480 230 May23 258 Oct 2 208 Mai 243 Not
250
100
*
Reece Button-Hole.. 10
8%Janl2 10% Feb 2
9 Not
10
116
6% Jan
10
9Ha 10
107 107
106 106
441 105 Feb 24 114 J an 5 <;9934 Mai 116 Oct
105
.100
106 Swift & Co
22
Last Sale 22%
18 J'ly2o 23 Jan Is 22 Dec 22% J'ly
Dct '05 Torrington Class A. 25
*25
26
*25
Do pref.....
26
"To 25 May 23 27 Aug23 24 % Oct 26 Not
25 v
25%
.
26
2 % May 25
Jan
Union Cop L'd & Mg 25
2
4
20u
4% Aug2
5 Oct
3% 34
*3Ha
4
106 Hi 108
107% 108
780 103 Apr 2b 115 Feb2o 95 Feb 113 J'ne
100
107% 108 United Eruit
74
72
73 Hj
73
73 H UnShoe MachCorp. 25 5,531 57 J'neiS yO Aug 8
72Ha
664 31 J'ne3o 34% Aug
32
Do pref
32
31%
25
31Ha 31Hi
31%
11 34 J'ne 8 14%Jaul6
Last Sale 13^
6% Ma) 20%Doo
J'ly'Oo U S Leather
100
Last sale /22% J'iie'05
Do pref
loOnaJanlo lil%J'ne2b 77 Jan 103 Deo
loo
Last salt 5^% Oct '05 U S Rubber
34% J an 4 55% Sep 25 10% reb 34 Not
100
ljast Sale 11J>4 Sep '05
Do pref
40% Jan 99% Deo
100
98% J an 5 117% Apr
38»8 39
37 s 38
8% May 33 Deo
loo 16,523 24 8 May2i 39 Oct 3
37%
37% U S Steel Corp
7
105 105
Do prel
104 8 105
104% 104%
100 3,379 91 May.. 100% oct 4 51*8 Ala) 95 % Deo
•40 Mar-' •67% Jan '2i
-55
•50
50
Apr 75 Jan
Last Sal
Sep 'uo West End Land
25
14
13 14 13
•13
6%J'ne 23 % Not
West Telep & Teleg.lOo
55 13 Oct 24 22% Feb 6
14
Do pref
76 Mar 101 Leo
90
91
286 90 Oct 2t 104 Feb
91
91
loo
*90Ha 91
85 88 Last Salt 84
82% Oct. 2 92 Mar 9 75 J4 J'ne 93 Dee
Dct '05 Westing El & Mfg... 50
95 100 Last Sale 100 Uct '05
tyo%Aug 100 Jan
91 May 2 100 Oct 9
Do pret
50
Ultima
9 Hi
9
9
9
10% Oct lb •75 Aug
7% Not
2 11,995 t234 May
8%
8% Adventure Con
,3o7 18 Apr.l 49 Oct 17 I3 3 le Mai 21 Not
45 Hi 46%
45% 45 34 44%
25
45 Hi Allouez
86
70 Jan2j 89% A prl4 43 Feb b2 34 Dec
86
83 Hi 84%
8334 Amalgamated Copperloo 2,467
82 %
9
Last Sale 9
8 J'ue21 12% J an 5
8 Feb 14 OOt
Oct '06 Am Zinc Lead & am. 25
Anaconda
"ioo 25%Mayjl 31%Aprl2 15% Feb 29 34Not
. 25
"4% "THi Arcadian
1
Maj 2
5% Oct 6 •25 Feb 3 2s ot
4
4% 4%
25 1,150
2
2 8 Oct 21 •20 J'ly
1 % Not
2%
2%
25 5,355 •45 J'nel5
2Ha
2%
2% Arnold
27 Hi
27
Atlantic
26% 27 Hi 26 a4
7 Feb 22 % Not
25 5,535 12% Alav22 2 3 's Oct 6
27
7
3l% 31% 31
19 Mai 38 J4 Not
35% Apr 1
31Hi 31 8
31 Hi Bingham Con Min&S 50 1,807 28 May.
•75
•70 •80
•39
•75
Ma) 1 3 16 Not
•75
•75
Bonanza (Dev Co)... 10
350 •50 May 6 •95 Oct
7 % Not
6 Oct
11% 12%
11M 12
11%
12% BostonOonGfcG(rcts) £1 29,433 5 34 Jan 26 12% Oct 16
6b0 Feb -O i30 Jan 700 Not
680 680
680 660
116 uOl j'ne
685
685 Calumet <fc Hecia.... 25
..' 10
Catalpa (Silver)
100 TO Marl» 20 Oct 10 05 Api 25 Not
"32"^ "34*"" "32" "33%
25 34,855 16%Mar22 34 % Oct 24 U 14 % Eeb 1 32% Not
31% "32% Centennial
"6
•6
7
*6
5% Sep y 8%Janlo
Central Oil
7
6% J'ly 10 May
7
7
25
•60
•60
•69
•20
J'ly
•62
75 Jan
•61
•62
4,515 30 Mar24 •75 Mayl
Cons Mercur Gold..
7378 75%
74Hi 75H>
74
74% Copper Range Con Col 00 47,isa 64 Jan '25 83 Marl4 38 Feb 74% Not
1034 Aug 36 Jan
14% 14
14
14
14
14 Daly- West
20 1,460 ll%Mar3o 18% Feb 15
78
100 60 JaulO 86 J4 Mar3i 40 J'ne 72 Jan
78
77
100
77 Dominion Coal
*110
116
5o 113 JanlO 117 Mar25 103 J'ly 116 Not
117
Lo pref...
117
100
134 j'ne
2
4 Not
3%
May2o
4
3% 3%
700
Oct o
3Ha
3H, Elm River
12
3%
J'ne 15% Not
8 Api 2 b 20% Oct 17
7
18
I8H1 19 Hi
18 H
18
25 4,683
18% franklin
8 8
2%Mar 5 U 18NOT
9
5
Jan 4
9% oct 24
8% 9%
8%
9% jranby Consolidated. 10 9,790
26=8 27
20 Oct 34% Dec
E6 34 27 Hi
26%
263, urreene Consolidated, lo 11,634 2034 j'nel3 30% Apr It
434
•4% 4%
3 Jan 4
5
Deo
4*4
5bU
7% Apr It tii^a Feb
•4Ha
43, Guanajuato Consol..
6
3
25
6% May 35% Not
25 Ha 26
25 4
25
26% isie Royale (Copper). 25 6,943 17%May23 2S 4 Jan 17
10" Mass Consol
6 May2o 13%Marl3 d 3 Feb 1 9 % Deo
lOHi lo Hi
10 Ha 10 34
10
25 1,935
1%
lHa
1% 1%
635 70 J'ne27
l%Oct li, •45 J'ly 2 Not
1%
25
1% Mayflower
14% 15
14 J4 15
3% J'ne 11% Deo
14 Hi
25 2.480 10%Jan b 16 s, Oct lb
14% Michigan
69
34 >8 Feb 57% Not
69 Hi 60
59% 58%
25 2,4i8 48 May 1 61% Oct 21
5b% Mohawk
*334
4
6 34 Aug
334
2
5 Hi J an 1
2% Jan
J'ly 6
iloutanaCoal&Coke 25 1,200
3H
3%
...... ...»
66% 57% 66Ha 57% 56%
15 24,288 34 Augl; ooHoct 3
57% JMorth Butte
5 OCt
2 8
2 % Nov
2% 2%
May2b
2% 2%
4 •50 J'ut
2
25 2,u36
2% Jin Colony
y% Feb 29 "4 Deo
31
31Ha 32
31% 31
25 13,565 2 3 Hi May 1 34% Oct 2,.
31 Hi Old Dominion
112 Hi 114
111%113
Feb 9 115 oct 20 53 Feb 98 Not
3,7u<J 88
112
112 usceola
25
2o 34 ten 33% Not
26 J4 27 14
J'nel'J 30% Apri'
26 34 z6 a4 •2684
jfarrott(Silv<fe Copp) 10 l,Ou5 22
l a4
3% Jan 14 d-oU Aug to Nov
1% 2
1%
1 34
25 4,120 50 J'ne22
1 S4 Phcenix Consol
95 May 4 118 Jaul.
105 107 Ha 106 107
80 Feb 125 Not
275
•105
25
107 yuincy
•50
Ma)
•7 34
1 Hi May 1
3 Not
7 34
7 5„
8% Oct
734
83e
Rhode Island
25 4,570
8
l%J'ne
l%May b 3 Jan lb
2 Hi
3% Not
2%
2% 234
23, Santa Ee(Gold<fe Cop) lo 3,775
3% Aug 10% Not
8 Hi
8 Hi
6% Feb 6 9 Jan o
8% 8%
7%
10 5,508 Shannon
126 128 1'25 128
101 May 23 140 .Marl4 S5 May 140 Not
91
•125
126 Tamarack
.. 25
1308 16%
2
Feb 3 16% Oct 2 •25 J'ne 4% Not
14% 15%
14%
25 13,3;
14% Tecumseh
Last Sal< io%
24% J'ne2, 35 Jan lb 34 IS'ov 43 % Dec
Aug'05 Tennessee
. 25
9 Hi
3 34 Mai 18% Not
7% Jaii 26 13% b'eb 1
9Hi
9%
9%
25 i",745
9% Trinity
Mai
33% 34 Hi 33% 34
9 Mario 38% Aug'29
6
6 Mar
loo 9,6aO
33%
34H United Copper
*76
77
76 J4 76 3, •75%
435 75% Aug 1 81 Aug20
pret
100
i)o
76-H
35 % 36
35 4 35%
18 Jan 28% Deo
35
35 a4 UnitedStates Mining 26 7,041 21 Jan 20 38% Sep 2.
lo Hi
10
9 Hi Apr 6 il-HJau 5
9% 10
10
8% Jan 1234 Not
10
Unit States Coal &01I 25 2,175
47 Hi
47
3 Utah Con (Gold)
46% 46 -\ 46%
393„Mar 4 43HiOct 13 30 Jan 47 Not
46 ,
6 4,135
6 5a
6% 6%
6%
2 % J 'lie
6% Not
6a0 c2 Maylb 1 7 % Oct 1
6%
Victoria
26
6%
89
89
88%
88 'a 88
•104Hjlo.". H
105
105
257 '257
153 Hi 153
•245 248
1
tor
1905
01
EXCHANGE
7
Mange
Sales
the
BOSTON STOCK
friaay
Oct
1
Weekly and Yearly
257
257
104
'257
Hj
.
1
72',
180
1
;:oo
"'.'.II
"142
"HO
*93
142
•90
'94
'aa*
95
13%
is
*5U
'25
204
<
1
57
'25
204
Hi
3
•60
65
82
•60
*62
*y$
ti5
4
208
99%
99 Hj 99Hi
•1)4
114
24%
'243s
25%
93
93 -4
93
6
"6%
7
13b 34
Hi
H;
140 Hi
138
41%
40
25
142 %
140 Hi
25
142
140
138
26 Hi
141% 142
40%
103 34 104
103 34
*
4 Hi •
122 122
•I2134
*22
22% 22
*
186
49
88
*196
,
7
24> 34
8
"1%
138
2%
•11
250
10
*
-11
250
107 34 D'8%
•
•25
*3H)
107 107
76
76
31 Hi 32
4
1%
,
249
191
*1%
l
7
e
138%
2%
14
253%
9H
107
22
26
107
•25
3%
H>
76
32
Hi
106 H2 107
74 \
74
31 Hi 31
38% 39
38 Hi 3fc34
105% 105%10e% 105 105%
.
*14
.
•84"
*95
9%
•55
-55
•13
•90
•85
•95
15
92
87
100
9 Hi
9%
47 Hi 47
46
85%
9
4%
4%
'2\
2
27 Hi 27 Hi
32 Hj 3234
438
2%
27
32%
13
14
91
91
88
100
85
86%
'55
14
92
*85
*95
88
100
9%
47 Hi
b534
9
4%
2%
27%
3234
685
680
31% 32%
10% 10%
7234
14
li
*1%
15
8
61%
334
56
8%
ll%
1 J4
134
8^4
3%
32%
a
4
13
1%
108
8%
3
8%
130
14
14%
10
34
*76
10
34 Hi
76 Hi
,
3Ha
80
*""3%
18%
9%
27
270s
4 7s
4 34
2534
25
11 14
lOHi
1%
lHa
Hj
16 %
1434
6b 8
3%
66
Hj
1 34
103
7%
-%
8
75Hi
14
1
4
32
114
27
7
26
25
11
2*8
n4
14
8 78
327% 2s
16
66%
74Hi
77 H.
1734
60 34 61
234
8%
3 J4
61 H
8%
130
3%
18% 19
34%
•69
•69
116
16
*27% 28
108
32>«
*6
7
4%
2t>
2*8
31 34
1143s
33
116%
.46,
£6%
Ha
76%
14%
2s H
11%
•20
14
334
32-
•80
687
76
193^
32
11
Hi
*3%
4%
•20
14%
75
18%
8 34
•6
4%
2% 2H
26% 26%
685
•59
•116
28
31
"30" 30
*20
•69
•59
9
686
..
•59
9%
4434 46
85 H;
85
•80
*-76
•80
••70
•80
1138 11%
11% 12
680
9%
Hi
->
3%
67 3s
2 Hi
34
114
28
'„
Hi
1%
103
8 «»
3
8*8
130 130
14 Hi 14 H
•o 34
56Ht
a
11
10g
15
60^4
3 7«
67
2 Hi
31H1
112
27
32
114
27
134
Hi
2
108
107
8
27,
8H»
8H3
2 78
fe
5
8
126
126
13H2
14
•33
36k 36%
10^4
IL.%
47 Hi
*634
11
126
47%
7
11%
i'25
9 78
10
33 78 340,.
76
7 6 H:
35 78 36%
10*8 10 Hj
47% 48
6 34
11
125
'2
14
Hi
7
HHi
127
9H2
9*8
33 Hj 34 »,
7634
76
3634 36
IOH3
10%
47
47
6 34
10
128
Ha
6'4
11
128
:
'
'
.
3%
38% 3o%
105
V.
1
1
•11
9%
I
•
252
4
107
57
88
200
138
2 Hi
138
42 Hi
104 Hi
4 Hi
124
22
50% 51H
88
198
I
22
26
107
75
32
'
189
107%107 34
"3%
4
249
190
10
*25
26
'4
24» a
14
254
2'2
40%
104
63,
138
•
139% 140
122
22
22
88
•1%
14
249
137
....
138
Hi
13 %
41'
104 s8
4'
61%
•1 34
l 7e
*25H2 26H
142 14 3 Hi
7
190
49%
49
88
88
•198
7
1
*138
6
249 H
lb9
*5Hi
25 Hi 26
93
93
6
6
Hi
1
1
•62
65
98% 98 Hi
134 134
96 58 96 8s
114
>.
f.
101
83
60
101
83
82%
65
99 Hi
,
,
6
•25Hl
l
25 H
65
99
135 Hi
1340b
97 Hi 97 '4
96
24
93
H>
204%205
99
*99% 9b 3
137
;'
Hi
56% 57
•24
•62
99
1333« 134'.
*114
13
13
Hj
25 H
208
208
96
91
95
205
204
82% 823
1
56%
56
••24 Hi
'208
142
91
95
92
96
3%
?
;
'
1
"
<
'
:S
3%
ij
1
'
2%
i
1
*10Ha
126
2%
e Before pay't of assess'tttcallediu 1905.
11
126
lU 38 10%
125 1.5
2%
10%
125
•2%
10% Winona
126
Wolverine
l.OoO
26
'25
9%May22 15% i>e0 2l
623 105
1.6H0
Wyandot
d Before pay'tolaasess'ts called in lyol. * Bid aud asked, HNewstooii.
1*4
Jan
4
l%.)'iiel'2
f
6
L-S_ Aug30
69
Eeb2l
•50
r
2 8
Feb
13% Not
Nov
3 Not
Jan 110
Feb
Asa'tpaid. $ Ex-rights, a Ex.Miv.<tenglU*
J
1
%
.
'
Oct. 28 1905.|
lio:M>.-»
'.'7
>
Am
Am TeJepdl r*l ooll tr 4a. 1099 JJ
a 16a a 1919 J.J
Am Writ Paper letlsl 7*..19U8 M-S
1908 J.J
Telephone 4«
87% 89
1
:-',
99%
1909 '•I>
Cent Vennt 1st k 4a.. May 1920 V-K
B a w Iowa l)iv lai 68.191s" \-o
1919 V O
Iowa Dit 18148
1913 M-N
Debenture as
99% Sep
....
100
A
100%
J.J
J-J
124%
\-::-\
1U8
109
i
Art-
124
N
J-D
A Mont oona4a..l990 J-l)
Conn A Pass K 1st R 4a.. .1943 A-O
98%
Unstamped
Gt Nor C B
101*4
1st 6a.. 1983
A-O
coll tr 4s
Registered 4a
192]
1
%
1 1
\,
1
mi,
109
101
101%
10'
A.
1
88% 99%
95 Hi 90%
....
u
y-J
102 %
1""
98
99
"4
lol
'
lu.- ',
Apr'05
10'i
LS9
L89
....
Oct. '05 ...
100% 101
10 1% Oct 'Ofi
:-i
14d 88
140 S.
102
98
"8
10
101
.No is— Buyer pays accrued interest In addition to the purchase price lor
— >ot
Oct 31
109 '4
.8
109
*
90% 90 J4
•57% 58
15
Sj
•52
15
91
91
58%
58S2
58
29
1-% 19%
111
HI
74% 74%
'4
3Si
S.
ll
18%
111 Si
74 %
3 Si
72%
8"i ft
.
-,
v
.is
49
28%
28
28
61% 62% „
Kii»l«
-
•49% 49 J4
62%
94%
H2
8%
61'je
46H,a
L9%
»72"m
19
s,
4
L6
sj
4:' 7
4 Vs.
94 J4
28
112 114
76 !4 79
Sj
72'..
•ls%
48 m
8 4
no
19% 19%
28% 2»%
7.'s,
82
PreietTed
28%
63%
46% 46
•46% 47
t
4.1
28
Bid
Z\
ConsolTracif NJ...10'
Diamond state steel.. 10
49%
l
4
baton Con
Electric {.50
fclec Storage Batt
loo
%
%
83
85
Bermamown Pasa
Kamaon Bros preI...100
2i
Sm Pow & Chem.50
Keystone Telephone ..50
Preferred
50
Keystone WatchCaae.lOO
Lit Brother*
lo
Uttie Schuylkill
50
ktlnetuli<S» Scliuyl H..60
N Haven Iron
s,
A;
lfc
ei.5
14'
"4
13%
14
2
15
s.
3
jJorthem Central
60
Sorth Pennsylvania. .50
109%
104% 106
108
60
Pennsylvania steel. .100
Prelerred
luo
PhUa Co Pitts) pref.. .50
Pail German Ac .N orris. 50
PhUa Traction
Railways General
lo
Boaqueh Iron & steel...
Tidewater steel
In
Prelerred
in
(
United
N
J
of
Xevi
102
4&3,
105
49
60
Prelerred
54
Warwick Iron <fe Steel. lo
West Jersey & HeatMi.60
oioreiaBd DoaL...6i
V.
•
Oas
29
l' iiited Was Impt
Welsbach Co
P*
'"i'%
1
2%
"l%
1%
12% 12%
270'
A Eec.loi
Gen
V C 1st 5s g '33. .J-J
V ext 4s 1st 194».J-D
2d 7s 1910
Consol 6s 1923
Annuity
8*
114
112
101 %
107 '4
105
88
1
4
88%
63
115
'4
115%
114%
ll'4%
J-D
J-D
127
12a%
152%
101% 101%
Newark Pass con 5s 1930 115%
NV
Pli d:
N
1
Bt 4s '39 J
p.iiii
100%
6',
1
111
6
71
89%
90
'I
1
r
*„
Ex-righta.
A pi '06
Feb '05
'•..
103
106'4
25
1
ion
I
100
17-'4
Si
l"l
' 103
liri'- 103%
106 106 '4
'
Hi
I
A-O
104 '> J'ne'o
Mi "2 '„ Jan '06
124 "4 Sep '05
I
...124'
Sop
103
J-J
!102'„
102%
124>4 125Sl
'05
103%
103
Max '02
J'ly'o
Oct '05
97
100
104Sj1o7Si
95 100
May'06
Feb'o
Oct '05
133 Si 134 \ H133 Oct '05
109% Oct '06
199
1199
102 Si
103 Sj Oct '05
105»4
105'>4 Oct "05
102%
102% Oct '05
102^4
103 Si Oct '05
103->4
103 Salb 103
94^ 9434 'IS' -I M Sep '05
109 Si ....
109% Aug'06
J-J
M-S
J-J
M-N
MS
M-N
K-A
M-S
M-N
F-A
J-J
J-J
J-J
and asked.
latest bid
;
102
99 «»
107
100
107
^105^
100
106 107
100 Si
F-A
1105% 106%
U1SSi1i138
107Si
UlSl
',92
11
1199
S)
102% 103%
105»4 106%
102% 102%
103
37 103
103SJ
105 Si
1)94%
1191
109% 111 Si
Flat price.
1|
Weekly, Yearly
Daily,
Mange
Year
lor
liange lor Previous
Year(HJU4)
19U5
Highest
Lowest
Lowest
Highest
57% Jan
Mayl6 90 Apr 13
May'25 11034 Sop 2;
16 28% Oct 2
83
99
86 Deo
109% Dee
71
J'ne
21% Jan
Mar23
83
755
Oct
S>1
2s
47% Jan 24 58% Oct 1?
12%Apr24 13 M.ar 3
105
15%"
5% J'ne
Deo
J'ne 51 Nov
18% May 26% Oct
7 J4 Feb
11% Deo
5 % J'ly
14%.Not
20 Aut; 44 % Not
48
43
1,6.37
677
3
5,21
40->4
1
4,740
2,46
,
8
Jan
39% Jan
Feb 59% Deo
Mar
4% Nor
Mar 70 Deo
55%
37% Maj 13% Oct
oH'<4
Prel
ion
Atlanta & Charlotte., loo
Allan Coast Line Hit lot,
Atlau Coast L (Conn)lOO
Canton Co
100
Cons Cot Duck Corp. ..60
Preferred
50
.1 orgla
sou & Fia...ioo
1st jirel
100
2d pref
100
Gt-B.8 Brewing
loo
100
||
.
104
1 11
10.',%
58% Mar
9
63% Oct
5
125% Apr
Feb 2a
s
72
UAI.i'l.HOitE
Bid
105
95 %
$7.5o pauL
A ext 6s. '09 J-J
7s
1
1
1
1
1
1
70%
GaSo<fe Fla 1st 5s 1946J-J
71
1
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 .M-N
Knox v Trac lsl 6s '28A-0
LakeK El 1st giio.s' 42 M-s
.Melst(Wash)lst5s'26FA
Mt Ver Cot Duck 1st 5s.
Incomes
102
1
62
64
93% 94
160
162
415
106 % loe
A L 4s I960 A-O
Roan 5s 1926. J-J
south Bound sl .",-,.. A
hi LA Plat 4 .- -." M--N
Un Ry<ft i.l 1st 4a '49 M-S
J-D
Income Is I'l.'
Seal) <t
105%
Los -
101
1
'4
116
1
!
1
'•
117
MX
,
nl'i lly con..si;i.',2
1982
M-N
.M-N
M H
^$10 panL
1
106
106%
104% 105%
117%
109%
116%
113%
117
109
116
113
112
112%
124%
116 116%
61
61%
34 \ 35
105
118
116
81% 82
100
115
~,'%
i
I
\'.i
.Mid lsl
lis
L906..M-8
2d terlea 8a 191 ...Ms
-Ms
;id sen.
5a L921 .M-H
4th sir .;
.m-~
Stbaerii
ill
1
I
2
08
"s
ll'j"
09
92% 98
66% 06%
101
1
no
17
121
Lo2
US.
1
95 S
1
1
I
95%
114%
',
1
Ask
120
114
N pt N 6cU P 1st 5s'3S M -N 95
426
General 5s.. ..1941 M-S
93% 95
Norlolk St 1st 5s'44...1-.l 112
11% 2
North Cent4%s 1925 A-O no
32% 33 Si
Series A 5s L926....J-J 120
30
J-J 120
Series B 5s 1926
08
110
Pitt Un Trac 5s 11ISI7.J-J
70
116
Polo Val 1st 6s 11(41
9
0% Sav Kla&West6s':il..J-J 115
A-o
118%
paul.
C<fc
1910 A-O
117% 118
119
City & Sub Ut 68. .'22 J-D
104
Oity& Sub(Was)lst5s'4s
Coal & I Ky 1st 5s'20F-A
Col&iirnv lst68.1916J-J
126 126%
Consol Gas 6s. ..1910 J-D
1939 J-D
S
'99% Loo" la As Ala 1st con 6s '45J-J
88 '4 GaCar&N lst5sg'29J-J
88
Georgia P 1st 6s. ..'22 J-J
Ball Trac let 5«..'29 M.N
No Bait DlT6a 19 12 .1-1,
t -lllo
Ms
M
108
112
in|, ,,s.
,
l.s
CliasCityKy 1st 6s "23 J J
Chas Ky G & El 5s '99
i'liai-1
96
I
1
Oct 26
i
105
l-.xt ,v
s,
Ask
JJ
.1
'i
28
117%
J-J
1
1
Ang22
Sep 29
90
20
BaltCPaaelates'l M.JN
Ball l-iindg 6«.1916
onvei
-May UO'e Deo
8 Jan il9 Not
19%.Mai 41% Deo
38 .Mar 46 Deo
28 -Mai 42% Dee
4.V.) Jan
59% Deo
sl
.Maj 108
Deo
19% Oct 22 J'ne
Seaboard
Anacostla<t Pot 5s
Atl & Ch 1st 7... 1907 J-J
Allan C L KK4s '.'52A1-S
AtlCoast L'l.lyCtl.sJsJ-D
'
s
's
||5
2.
505,8
Si
J'ne
2
17
63% Oct
3
Jan
104
'
111
L09
110
Apr
J06
May20 47
45
42
17
49% Oct 9
12 s, Apr 27
4
1
Jan
73% Aug23
Jan 25
J'ne 5
117^4
-'
5 34
J 'tie 1
May 2 2
5,18.1 i.5'%6
Exchange 8SM L980J-J
Ballifc P lsl Dm
I'll A-O
106
71
ru-
Bid and asked prices; no sales on tola day.
-J
Welsbach s t 5s 1930. J.D
Wlks-B G&E con5s'55J-J
r.ii.Timii;i:
Inactive Stocks
Ala Cods Coal& lion. 10
Ctls 01 indelit 4s
5-20 yr4s 1925
-
treertaea '4:.
lst.t COl tr5V4!) M->
Con.
1951:M-N
Phil Elec gold triint clln.
)
Pit gen 5s '97 J
I
110
I
People
2
.1-J
Bonda
Be
1910..
Consul os r 1919. ..Var
Peun 6c .Md Steel co
Pa A N V Can 7a '06. J-D
Con 6a L039
A
Con 4s 1939
\
Penu Steel l B t.0s'17 JI-N
60
U Trac
-J
r
L'l-ii
W
P
<fc B col tr 4s '21.J-J
Koch Ky& L con 6s '54J-J
U Trac Ind gen 6s'19.J-J
Un Uy8Trctfs48'49J<feJ
.M.S-
Gen cons 4s 2003. Id ->
Conil 6s g 1911. ...J-D
Ex Imp Al 4s g '47. A-O
Con Al ot '82 4s '37.J-.I
Terminal 5sgl941.Q-F
120% 121
118
118%
109 % 110
M 4s g 1920.. A&O
Ph & Read 2d 5s '33. A-O
Con -M 7s 1911
J-D
104
M 4%s g.l924.yl-
Gen
Leh
Leh
103-'.,
Sale
A-O
PU1LAUE1,P111A
Bid
Egen M 5 g '20. A-O 117
Ask
'14.Q-J
Income 4s 1930. ...M-N
100% 100% NoOluoTrac con.vs'i
No Penti i.st 4s '36. ..MN
"
United. Trac Pitts
|»"llkes
92
1914. Q-1-
Leh V Traclst48'29.J.|i
New Con Gas 5s 1948 J -D
luo
RK&C.lOli
"25 A-<
Indianapolis Ky 48.1933
Interstate 4s 1943 ..F-A
4s g
L01
4,ii2SI
'i
82% Union Tracton
Bid
Ben,'&EBrwl8t0s'21J-J
BetUle Steel 6s 1998. Q-F
Che & D Can 1st 5s '16 J -J
Chocfc Ale 1st 5s 1949 J-J
ChOk&G gen 5s '19 J -J
Col St Ry 1st con 6s 1932
RRs
IOISj
50 88,
267
50
50 2,155
341
50
50 5,027
35n
loo
Do 1st pre!
Do 2dpiei
46 s;
49
113% 114
90%
Top con 5s
10134
3 hi
2,723
100
(Jo
Heading
635 l9
103
14% Lehigh Nav 4%s
37%
Pennsylvania, salt
tonopah Mining
Union Trof Ind
v Marsden
Atl City 1st 5s g '19.M-.N
Balls Ter 1st 5s 1926. J-D
II
100
Electric. 50
Plula Rapid Transits. . 50
PLllI^VDEl.PUlA
11 it
Ry A
•27% 28
<fe l'eo Tr stk tr ctts
E<i II Cias-D 1st g 5s 192 i
100
Indiana Union Tr
100
Insurance Co ot N A. .10
100
50
100
100
62" 18
53", b
Elec
Indianapolis St
Inter
8<V
ConTracolNJ 1st 5s. '33
E & A 1st M 5s 1920 M-»
loo
50
100 Si
Snares
00
72% 72%„ Pennsylvania RR
48 % 48 a4 Philadelp'a Co (Pittsb) 50
8%6 8% Philadelphia Electric*. 25
E ext 7s 1910 A-O
AmKyscouv58 1911.J-D
89
It)
Prelerred
3
'«
Al Val
7
loo
.
*3
JilllldM
49
17->4
F-A
123
s,
27% 28 m
62%
46% a
Aug'06
8,350
"45%
47
49
49
49%
49
62%
62% 62% 62%
92% 93% 92% 92% 91%
•28
28 Si -s% •28%
Ask
loo
Prelerred
8»,«
iii'j'si
70% 80%
'
"
Ss
3
i'oT'4
May '04
Oct '0
Ang'Ofi
7s'34
Week
50
72% 721%,
48% 48%
8% 8«ia
Si
LI 334
83
3%
3% 3^
72% 72%
48% 19
81 %'Bttia
19%
'4
11,; 'g
1
'ii.
17^4
82
Jan 3 54% Apr 4
24% May 22 29% Oct 3
10% Jan 26 12% Feb 20
25
9 J4 Os.C 17 17% Jan 27
600 38% J'ue20 49 Jan 26
19
19 S- Lake Superior Corp
100 3,465 14% -Mas 24 25% .Mar 4
111% 113 benigh C & Nav tr ctis. 50 6,96 100% J'ly 3 Llo Oct 25
50 95,4 )0 52% Jan 9 83% Oct 2
80% 83% Lehigh Valley
43
19
112
81
[15
94%
1
24
Hales
the
50
28% 28% Cambria Steel
11% 11% Electric Co of America 10
10 12 Oen Asphalt tr ctls
100
41
Do pre! tr ctfs
100
41
•10
i'
Sep
14
lis
ot
stocks see below)
'
United
28% 28%
11% 11%
*
20 ^ Sep
.,
in, '11
75
102 Si Ang'04
mo
99
loo 'y 100 Si
price Friday
Philadelphia
•52% 52% American Railways
29%
11%
U%
Lnactive stocks
American Cement
lo
Bell Telephone
5o
Cambria Iron
60
Central Coal & Coke, loo
"No
Boston Bonds.
'4
52 s,
29
•28
62
62% 62%
94^
1'llll.ADtl.PlllA
52%
113%
72%
8U,«
Friday
Oct 27
15
15
43
19%
94
28
28
15
43
19
•48%
8
62%
94%
62'.
•10
*
all
•108% 109
27% 27 seaboard (new)
91J4 •90% 91%
Do 1st pref
Do 2d pref
57% 57% 67 J4 67%
*
•91% 91^
58
58%
'4
80
j.j
I
(For Bonds and Inactive
28% 28% '27%
15
29% 29%
11% 11%
l
10
10
42 Sj 42-.
3s
8»ii«
29%
11%
2 Sl
•114 11%
28
16
16
Si
53
28%
72
49
Si
1
1
A-O
A-O
A-O
cons 5s. 1952
1930
Seattle Eleo 1st g 5s
1920
L'erre Haute Kieo k 5s
lorrington 1st g 5s
1918
U mon Pac K R A 1 gr g 4s. 1947
1st lienconv 4a
1911
United Fruit couv gen 58.1911
8 >teel Corp 10-60 yr 5s. 1963
West End Street Ky 4s
1916
1914
Gold 4S>8
Gold debenture 4s
1916
Gold 4s
1917
Western Teleph & Tel 5s. 1932
Wisconsin Cent Istgen4sl949
Wisconsin Valley 1st 7s. .1900
ACTIVE STOCKS
I'tiursaay
Oct ?«
109
28% 28%
101
j'!j-
hilec 1st
Baltimore
Consolidated Gas
Northern Central
68
90 S>
90
Oct 35
i"09
28%
''>.
1'rices
Wednexday
Oct 34
P8
109
•86
109
28
Centum
luesday
Jloiuiay
Oct 33
Sa'.uTttay
L*er
101
J'ly
Exchanges— Stock Record,
Philadelphia and Baltimore Stock
>luire I'ricea
Si
103 "v
03 Si 1
S;
103 >s 103 Hi
101 U
'
S
I
in:;
1
savannah
108%
108% 109%
lol
'.'
In .:',
Riiilandl'anadiaii 1st 4sl:'.|0 J-J
MS
....
'
.ii.:
I
1
139%
Sale
"I
I08S1
97 \
93
lu3',
J-J
1
in,
104 \ Oct. '05
1
99 Si 101 Si
128% 126 Si
126
126
....
Oct "OS ....
-lal'l'2 ....
4s..l;il
106" ibs"
"ofi
1
in,
'05
Oct
i'i
"95"
S'l
'„
LOO
1
llmh,
102
102 S>
1
105 Si 108
103 '4.
F-A
J-D
F-A
Keuub VaUey 1st 8 68...191S* J-J
Kutlanit 1st con gen 4S>8.194 J-J
106% 108
1
105% May'06
101
MS
11
itti
11
l.ilir
".'.
1
:u n
MMi'd
(1 11 ml r
'03
|.
.I'm- U
"s
109
24
;i.i
i id inoome .">s
1934
A M Kv A Bt 1st 6al92U A-O
('
107'j 107
L26
124.
1
1
106
100
..
.
140
JJ
192
O.
<fc
107
1
Jan 1989
1st cons 111c lis
11 coiis me .is
Jau 1939
Midi Telep cons js tr rec. ;''_';'
Maine lien Kloc con % 5a 1920
L929
New Eng Cot Vara 6a
1006
New Elik' Teleph 6s
1907
tta
i,s
1908
1816
6s
Sow KiiL-laiid cons g 6s... 1945
lSJ.il>
boston Term 1st 4s
Old Colony koIH 4s
1924
1946
Dreg Ky A Nav con « 4s..
1SI22
ret sli Line 1st g 6s
loo
12H
100%
K3%
lUu
AO
1983
1st 6s
1
Si
si
103% Apr'05
MS
1
M ex loan central oous
102*j
109
1
M-N
1916 M-S
A Mo V
FTemt Kik
1
...
5
10 %Oct "05
1 Ou>a Get '06
lt"l% Oct '05
Sep '05
li'O-
1927
99
.
2%
102% Apr''
MS
4s
4s
199
Feb '05
Mar'05
126
108
109
1
AO
1997
Current River 1st 5s
1st 4a... 1946 A-O
Det or Rap A
Dominion Coal 1st 8 f os..]94t' M N
1900
Eastern 1st uolil6s
ritciiburi; os
....
...
107
Conconi
W
109
100% 100%
196% Mai '06
A-O
M A St P Wis V -tiv 8al92l
Chic A No Mich 1st (rn 5a. 1931
1921
Chic A W Mich gen 6«
—
'03
J'ly '05
107
107
it
/
High
s,
."1
101
12 -
Bale
1
'
.
Ch
....
Dec 'l»2
88% Sep '05
96% Oct 05
.
^
I
s
l.nw
1"1
12 7
in .;
Kan CSt Jo AC 11 1st 7a.. ism, J-J
Maine Cam coua 1st 7a.. .1912 All
Tons lsi -Is
L912 A-O
Main HollL'll AOlll st lis. 1S'2.". A-O
I03>4 104
100% Aug'05
99 %
96 "a
1949 JJ
Div 8%a
Joint bomls .><•<• Gt Nortliern
V.ls 6a 1916 J.J
Olnc Jc Kj A St*
i
1
a ssi' n
Oct '03
loil
Si
A-O
A-O
A-O
Kan OCim .v Spr 1st 6s...l92.'i
1st 7s.. L908 J-l)
Kan C l'i 8 a
l!"2.-> M-N
KanC I'l scon A M lis
Kan l' U A It Sim Is
IU34 M-S
LOA
10 is.
lot! 1*
Illinois
4s Is' l
Coil iru.st reuiudini:
St P Dub I) 8a.. ;-'
Ch Mil
.s.
M
II
Bangi
1,
1910 J-J
t
Kan
Oat '06
109 May'06
100% Sep '06
10534
iet
/
ri.1,1
i-
.V
last
\ on I'ons el di'boil ,">s. ..ISMS
la I'aiisA >uhi\ c Lai 7a.. 1917
84%
Jlie'Ol
J'ue'06
'a
deben 5s
Illinois steel
Ion'.,
97 %
in
91
100%
FA
1
11
91
109
M-N
1991 M-S
i
'<
5 LU9
Sep'O")
100
199
Ill
199*2
ls'27
"08
l"'-';
Oct '05
2
/.'id
1
102
128
Denver hi ten 4s
Nebraska Exwu 4s
B A s W s -is
99
94
S..I.J
lo3%M«v'o:,
117 Feb'04
LISia Jan '03
12% nec'oi
119
102
M-N
Cedar Kan
3
s
&«
Hi nli
Loir
8'.
:
Feb '04
104% Apr •on
FA
1st fa. 1918
Ai,
/
isostoN STUCK BXGH'CrE
Wkkk BMODia OCTOBBB 27
M Ml
111"
1944 J-.1
Boston Terminal 1st 3%s.ls'47
1918 JBar A Ma Kiv ex ti8
ISO JJ
Nuiieiemi'l lis
1910 J.J
Sinking mini 48
r.'l" A-O
Butte A Boston 1st 6»
A
109 %
J -J
>laiue4'9'<
lanuarii
Urn
"5
Oct
I07%sc|
Sale
MS
•''-'»
IS'
Mo K
%
98
L907 J-D
48
4.-.
Bo^mi *
88
BUNIM
JCangt
Hin'i
>'!'<
109
^ B
S j
aa<
or
Last SaL*
94*4 sale
—
A LoweU
Annoe
ASK IAna
loos Kill
ll'O
AtcliA NeOiaaka
Atoh I'm'* S Ka Ren g4e.. 1996 A-O
J'ly 1995 Nov
Adiaatmont « 4»
Boston Elect Lliilit 1st 6s.D.'0s MS
CollSOl 6«
H*f/f*
iYlfO
triuan
Oct <7
Win
Boston
1305
Boston Bond Record.
BOSl'ON STOCK KXCH'GK •ft
5a
Wth.K ENDLNU OCTOBKR
Hell
1
)
10.»
1
Va
122
103
,
Id
$20 paid.
81
(State
Kllll'l
Wi'»i
i" «
"l.J-J
<!•
.v
'
1
on
tta
L914 J J
WeaVai APlstOg
wo
.^.
\s
'2. J-J
eld 5b..
,
1
1
J-J
|,.i
.1
112
110
112
96
95
116
110
119
113
96*
117
.11
THF CHRONTCLE.
i:m<;
Volume
<in« Securities
Bid
Indianapolis Gas
50
50
1st e 6s 1052
A o $103
Jackson (ias ">s g '87. A-O $ 99
Kansas City Uas
40
100
Business at Stock Exchanges
of
TBANSACTloNS AT THE MUW YORK STOCK KXCHAN8K
DAILY. WKKJCLY AMD YEABLY
Stock*
U eek ending
I
Railroad
17
Oct
vt/5
far value
Shares
1.0
Tuesday .........
161,932,200
2,48*2,600
76,l57,.iOO
2,547,100
2,295,000
.7,2. .3
83'.'
104.242,400
69,632,600
73,050,000
I,ls4,499
758.3IM
7so,l75
Thursday
Friday
5.281.643 t485.l23.150
;
1
676,500
Con
1;
Gas<fc Elec 100
g 6s (949
M-8
January
I
to
Telejjr
Oct V?
Sew York Mock
J
Uxehange
1905
1904
1905
BONDS
Govern men t bonds
$604,000
State bonus
Hit. and mis. bonds
4,803,200
13,357,100
$1,297,235
41,983,000
172,093,150
692.937.8u0
*592,680
14,723,175
678,444,900
$18,664,300
t43,2b0,235
$866,043,070
Friday
299,684
Weekly Review
of
'
.',:,
$449,300
76,919
78
47
*
80
110
•.1.;
113
108
101
Electro- Pneum'ic
Empire steel
96
140
63
6
$104
Y&N J 1st 5s 1946. J-J
$
98
40
92
26
96
NEW YORK
£ia
Ask
33
94
243
104
35
98
245
107
Exch
list
CITY
Bleeck St& Fui F stk 100
1|lstinort4s 1950 ..J-J
HB'y <fe 7th Ave stk ..100
1l2d mort 6s 1914 ...J J
Con 5s 1943 See Stock
B'waySurtlstSsgu 1924
flCent'l Crosst'n stk. .100
6s 1922 ...M-N
Hist
M
$108
340
$117
206
Chr't'r&lOthStstklOO 170
loUfcOth Ave 5s See Stock Exch
CenPkN &EBstk.lOO
Dry D E B
113
101
385
105
393
60
106 Hi
65
211
42dStM& 8tNAv..lOO
IJletmort 6s 1910 .M-S
112d income 6s 1915 J-J
InterboroughBapTT.lOO
Lex A v
& Pav F 5s
See St k
Metropol Securities See
Metropol Street By See
Ninth Avenue stook.loo
Second Avenue stocklOO
Ijlstmort 5s 1909 M-N
F-A
Consul 5s 1948
VSixth Avenue stock 100
Sou Boulev 6s 1945..J-J
So Fer 1st 6s 1919. ..A-O
Third Avenue See Stock
P <fc 5s 1928
Tarry
W
M
Exc
Stk E
Stk E
185
205
$102
$114 Hi
170
5102
$105
Exch
$105
YkersStBB5sl946A.O J 105
28th<fc29thSts 1st 5s '96 $110*
1]Twenty-Th'd St stk loo 398
J-J
100
Deb 6s 1906
Union By 1st 6s 1942 F-A $110
Westchestlst6s'43J-J $105
Ave
W
A-O
112
B B & E 5s 1933..A-0 100
Brooklyn City stock.. .10 240
Con 5s See Stock Exch
Bkln Crosstn 6s 1908. J -J
BknHgtsl8t6s 1941 A-O
Bkln yCo<fc Sub see Stk
Bklyn Bap Tran See Stk
HConeyls. <fc Bklyn ..100
1st cons g 4s 1948.. J -J
BrkCcfc N 6s 1939.J-J
GrSt<fcNewlst6s'06F.A
$
ConsTracof
1st 5s
list
M-N
N J...100
J-D
1933
New'k Pas By 5s '30J-J
Bapid Tran St By.. 100
1st 5s 1921
A-O
J C Hob & PatersonlOO
115
103
400
416
70
108 Hi
85
212
903,
91.
Prior lien g 4 H3S'30M<feS
Con mtg g 5s 1930. J&J
Income 5s 1930
list
x list
x list
200
210
103
116*
180
106
108
Com
vol tr ctfs
UPreferred
Men 4s 1934
UnitBysSanFran
Wash By & El Co
list
108
108
112 Hj
415
101
112
$75
83
$109
$114
245
$108
25
61
IIFort
S'eeStk
96
Hi
76
84
110
115
255
Exch
Alliance Bealty
11
Hi
101
60
97
29
98
list
109
H?
114
101
243
list
44
91*
6\)
65
86
93 L4
list
265
285
1st consol 5s 1948. .J-J $111
112
NY&
East Biver Gas
10
104 106
Excli list
Consol 5s 1945
List
300
102
116
Gr"pt .fcLorimer St 1st 6s
Kings Co. Elevated
1st 4s 1949 see Stock Exch list
Nassau Elec pre!
100
75
6s 1944
A-O 110 113
1st 4s 1951
See St k Exc h list
N Wb'g<fcFlatlstex4*s 101 104
Steinway 1st 6s 1922.J-J $117 119
$108 109
k Exc h list
Exch
J-J $112
J-J $109
N Y & Bichmond Gas.100 36
Nor Un 1st 5s 1927. M-N $105
listandard Gas com ..10ti 130
^Preferred
1st 6s 1930
OTHER
Amer
Light
Preferred
100
M-N
155
109
115
111
108
160
170
112
100
104 * 105
103* 104
Bay State Gas
50
* 6
Binghamton Gaa 5s 1938 $98 100
Brooklyn Union Gas deb
175
6s 1909 conv '07. ..M-S 170
Buffalo City Gas stocklOO
10
10*
l
1st 5s 1947 See Stock Exch list
Consol Gas of N J
1st 5s 1936
J-J $ 91
94
Buffalo Street By
Consumers' L H <& Pow—
1st oonsoi 6s 1931..F-A $112 * 114
6s 1938
J-D $108
Deb 6s 1917
A.O $106
50 ( 95 105
D Detroit City Gas
Chicago City By
See C hicago list
Elizabeth Gas Lt Co. .100 300
Columbus (O) St By. .100 10o's l01Hi Essex & Hudson Gas 100 125 127"
Prelerred
100 111
Fort Wayne 6s 1925. .J -J
52
Colurn By con 6s See Ph lla list
iias& El Bergen Co. .100
58
59
Grand Bapids Gas
111
Crosst wnlst5s'33.J.D 108
111st 5s 1915
59
62
Grand Bapids By
100
F-A J102 104
Hudson Co Gas
86
90
Preferred
100
100 108 111
Indiana Nat <te 111 Gas
Lake St (Chic) El See C hicago list
1st 6s 1908
M-N
23
HEouisv St5sl930..J&J $ 1 1 ^ ^1 1 4
26
OTHER CITIES
,
1
IBuyer pays accrued
interest,
t
41
b2
108
1
20
loo
100
IinplOO
30
200
M-N
102
1910
Oil
110
H»
„
2
6
100
loo
Hudson Bealty
35
37
110
80
157 H2 160
13h> 14
Ingersoll-Baud pref.. loo
Internat'lBankingColoo
Int'n'l Merc Marine. 100
Preferred
100
Col tr deb 4 Hil922op'o7
International Salt
loo
1st g 5s 1951
International Silver, loo
Preferred
100
1st 6s 1948
J-D
Lackawanna Steel... loo
Lanston Monotype
20
Lawyers Mort lnsur.100
1jLeh<fc Wilkesb Coal.5u
Lord & Taylor
10U
Preferred
loo
TManhatt Beach Co.100
Manhattan Transit
20
Mex Nat Construe. pfloo
Mine Securities
5
Mitchell Mining
lo
Monongahela B Coal. .50
Preferred
50
5
104
7
86»4
37<*
"£&"
85
39 "a
73 Hi
73
9
6H»
45
107*8
80
1
50
08 Hi
85
15>4
1«5
45
15*
190
II0H2 120
101H1 lo5
130 155
46
46*
73Hi
73 3«
25
20
76
9
13
2-4
13
24
4
*
8*
8
9
t....
I
2
17
Hi
13.
Mont & Boston Consol .5
"s
ai
Mortgage Bond Co... 100 105 HO"
Mosler Sate Co
Nat Bank
of
Cuba
100
10O
loo
20
125
40
105
187
N Y Biscuit 6s 1911. M-S
NYMtge& Security. 100
UNew York Dock
100
llPreferred
loo
N Y Transportation. ..20
25
100
115
135
46
192
26*
721,
75
11
ll's
7034 "IH2
7 3,
8*
Niles-Bem't-Pond pf.100 110 120
140 145
Nor
Lum'r <fc PulplOO
I*
98 104
47e
1
4
100
54. TlOntano Silver
63
66
Otis Elevator com
100
9
t
9>s
Preferred
110
Ice Securities
100 107
See Stk E x list
Phoenix Securities...
2 Hi
MaltingOs 1914. J-D 107 108
3*
27^
American Nickel
1»„ Pittsburg Brewing
lHi
50
10 t
48
Preferred
Amer Press Assoc'n.100 95 103
7.... 60
2
Pittsburg Coal See Stock Exch list
4
Am Soda Foun com.. 100
5
Pope Manufacturing. loo
6
50
1st preferred
60
100
73
1st prelerred
77
7
12
100
2d preferred
loo
17
19
li'O
2d preferred
American Surety
50 192 Hi 197 Hi
105
Pratt & Whitn pref.. 100 100
American Thread pre!.. f 4
171
Bealty Assoc (Bklyn )100 169
Tobacco (new) com.. 360 365
Exch list Boyal BakPowd pret.100 110 112
Pref d
seeStock
63
25 t bl
4s and 6a
See Stk Exch list Buasell & Erwin
Am Typefo'rs com. ..100 35 40 Safety Car Heat <fe Lt lou 305 325
620
540
Singer Mfg Co
100
98
100
Preferred
100
30
40
5
Amer Writing Paper. 100
5Hj Standard Coupler com 100
Preferred
100 120
34
Preferred
100
34Hj
8H2
90
5s 1919
90 H2 Standard Milling Co.100
J-J
34
Preferred
100
Arizona Con Mining... 60 t 29 Hj 30
83 Hi 85
5s
Baldomero Mining
2
5
S tandarid Oil of "if J 1 . 100 692 696
18
22
IIBarney <fe Sm Car ...100
Storage Power
50 t..~
UPreferred
*
100 125
29
293< Swift <fe Co See Boston St k Exc U'ire
Bethl'm Steel Corp.. .100
105
1st 5s 1910-1914.... J J $10:
86
Preferred
89
100
Tennessee Copper
103
25 t 33>a 34*
CoU.tr. g.s.t 6s 1914..
76
80
UTexas & Pacific Coal 100
Bliss Company com
60 140 145
A-O $105 110
Preferred
50
U40 1st 6s 1908
Title Ins Co of
Y..100 187 190
405 420
Bond<fe Mtg Guar
100
13>«
Tonapah
(Nevada). t 12
176
Borden's Cond Milk.. 100 172
20
22
TrentonPottexiescomlOO
Preferred
100 113 117
98 102
100
8^4
Preferred new
British uol Copper
5
8H
3
l 16
60
Trow Directory new.. 100 60
Camden Land
3
i.i
i*
10
1H?
Union Copper
3
Casein Co of
com.. 100
80
85
Union Typewr com.. 100,
Preferred
75
lOu
100 118 120
1st preferred
130 140
Casualty Co of America..
116
2d preferred. ...... .100 113
Celluloid Co
100 182 136
3414
34
United Copper
100
15
20
Cent. Fireworks com. 100
76
78
Preferred
100
Preferred
68
72
100
100 200
U S. Casualty
Foundry
Central
5H.
100
53b
27
80
25
Preferred
25 H> U S Envelope com... 100
100
87
89
100
UPreferred
83 H 84
Deb 6s 1919 op '01M-N
79
1JUSBub2dpt(wi).. 100 78
Central Leather
see StkE x list
161
165
U S Steel Corporation
Realty
Century
100
Col tr si 5s '51 opt '11 .. $112 114
Chesebrough Mlg Co 100 440 480
Coltrsf 5s '51 not opt.. $112 114
106
City Investing Co...
U S Tit Gu<fc Indem.100 126 130
100 109 115
IJClatlin (H B) com
7
6
Universal Fire Ex t'r. 100
94 H2
100
UlSt prelerred
1
Universal Tobacco. ..100
98
100
1J2d preferred
a
100
Preferred
Colo Industrial. See Stoc £ Ex list
Westchester & Bronx
80
65
Col & Hock Coal& 1 pf 100
Title & Mort Guar Co
177H*
85
J-J i 80
1st g 6s 1917
*8
Westingh Air Brake.. 50 I149H)
Compressed Air Co... 100
Knob Min (w i)..
Hi
*
White
65
60
IConsolid Car Heating 100
138
1*
Preferred (w l)
15
20
HCons Firew'ks com .100
120
WortiniiL' Humi) nret. 100 115
72
68
100
11 Preferred
Preferred
100
American Chicle Co.. 100
Preferred
loo
Am Graphophoneconi lo
Preferred
10
Am
I-
Am
Am
Tract. 100
30
37
79
Mm
CITIES
<fe
12
36
HLorillard (P) pref ...100
iy Companies ..10o
Preferred
100
3H2
Madison Sq Garden. .100
109
2d 6s 1919...
94
M-N
127
85
96
95
I
91
Cent Union Gas 1st 5a...
Con Gas (N Y)stk. See St
Conv deb 6s ctfs S'eeStk
HMutual Gas
100
New Amsterdam Gas
$94
90
1
Gas Securities
NEW YORK
108
124
81
26^
5
9
187
35
29^4
IINew Central Coal
t
leu
3H Mack
15
100
Amer Bank Note Co. 50
27*
>.,
4*4
7
Am
Am
105
J-D
83
117
100
8*
45
73
107
"9
26
loo
Hoboken Eand&
Denver
American Can com. ..100
113
106
127
38
Co.. loo
loo
National Surety
43
93
100
106
90
23
71
luO
Hackensaok.Ui-aOou 9100
1st preferred
72
Industrial and Miscel
74
125
103
100
100
M-N
<fc
2Hj
2 Hi
20
Gold HUI Copper
Greene Con Copper... lo
Greene Consul Gold... 10
Greene Croln-.'8iiver....l0
uaguenhelmKxplo'n.li'O
2d prelerred
73
75 >4
Northern Securities. .100 183 186
Stubs
300 325
Pitts Bess<fc L E
50 t 31
37
Preferred
50 t 74
77
Seaboard Air LineColl tr 5s 1907 op... M-S
99 Hi 100
Seaboarduo.... See Bait Exch list
Va& Southwestern. .100 60 90
100
29* 30
100
91H2 92
ieeStk Exch list
Preferred
4s 1951
11 West Chicago St
liCon g 5s 1936
Worth
City stamped
4s g 1949
M-N} 73<*
So J Gas El & Trac 100 123
Gu g 5s 1953
M-S $102
No Hud CoBy6s'14J-J $113
6s 1928
J-J $111
Ext 5s 1924
M-N $104
Pat City con 6s '31. J-D $ 123
2d 68
1914 opt A-O $100
So Side El (Chic)
See C hicago
Syracuse Bap Tr 5s 1946 $108
Trent P & H 5s 1943J-D $103
United Bys of StL—
1st 5s 1944
280
98
112
100
102
Deposited stock
Undeposited stock...
Tr ctfs 2% to 6% perpet 60
CoU trust 5s gold notes
1909 optional.. ..M-N $95
North Jersey St By 100
27
list
Exch
38
84
North Chic Street see C hicago list
of N J100 101
102
1st 4s 1948
&
Susq 40yr 3 His cts $115
Chic Peo <to st L pret.100
Pub Serv Corp
110
360
121
210
180
5s 1909. .A-0 $101 Hi 103
Con 5s g 1931
112
Alb
83
100
New4*s
BROOKLYN
Atlan
Ask
Bid
Lynn& Bos 1st 5s '24. J-D $109*
New orl Bys& Light.100 37*
Preferred
& B—
Hist gold 5s 1932.. .J-D
1914 ....F-A
H Eighth Avenue stk. 100
F-A
HScrip 6s 1914
T]42d<fcCrStF1 'y stk.. 100
llScrip 6s
Street Railways
H»
1H.
1816s 1922
M-S
Herring-HaB-MarvinlOO
108
N
17
Preferred
1st g 5s June 1 '22.J-D
Hecker-Jones-Jew'l Mill
93
110
112
NY & So Blykn Ferry JiSt
15
Hackensack Water CO
Ket g is 52 op 12. ...1 -J
Hall Signal Co
100
Havana Commercial. 100
l7o
128
E B Ferry stk.100 70
M-N 92
N S Hob con os'46.J-D $109
Hob Fy 1st 5s 1946 M-N $110
<fc
35
75
H-
Houston
19U.J-J
10
28
65
7H,
Havana Tobacco
<fe
102
142Hl
10*
1
86
105
1st os 1922
H*
11
Tran 10
Preferred
B& NY 1st 6s
141
luo
Prelerred
100
'.••iieral Chemical ..100
*
Preferred
loo
Railroad
Street Railways
loOH
I
Chicago Edison Co See C hicago list
liKingsCo ElL&PCo 100 198 203
Narragau (Prov) El Co 50 198
N V & y El L&PowColOO 65
60
Prelerred
88
100
92
United Electric of N J 100
23
48 1949
74
J-D i 73
N Y
134
67
.
loo
loo
Keduc'u.50
Prelerred
50
Electric Vehicle
luo
Preferred
100
"95"
4 Hi
105
25
100
Prelcrrf-il
ric Lead
80
Brooklyn Ferry stocklOO
8
34
10
36
Hatteryioo
Kn BldglOO
Prererreu
1
7
31
Electric Boat
112
Companies
Trans]) 1st 5s 1906M-N
10th & 23d Sts Ferry 100
1st mort 5s 1919.. .J-D
U Union F'erry stock .100
Hist 5s 1920
M-N
Outside Market will be round on a preceding page.
sn.fc
Ask
6Hi
2«s
Diamond .Match Co. loo
Dominion Copper
1
Dominion becuritlea.100
Douglas Copper
5
90
168
125
101
:
ucible steel
Prelerred
Electric
Jim
1
138
1-20
1,
'.'1
Oil).
Ferry Companies
Outside Securities
A
(;rani|>*
1,5s
$30,100
77.60U
112,900
133,i00
40,700
54,300
23,770
7,443
13,692
9,249
11,249
238,901
$251,900
121,749
99
92
130
115
V&N
sales
11.516
10,508
43,842
41,197
67,514
38,759
37,081
$17,000
67,000
42,900
36,000
27,000
62,000
Bond
Unlisted
shares
Listed
shares
sales
13.118
25,535
17.295
25,503
21,220
19,078
48,228
73,363
49,056
63,471
39,660
35,916
Wednesday .
Bond
Unlisted
shares
Listed
share*
iyu5
Total
Philadelphia
Boston
Cable 100
Amer. 100
Y).2S
limp .fc Bay State Tel loo
Franklin
loo
Gold <fc stock
loo
Hudson BiverTeleph .00
N
J Teleph
00
North western Teleg. 50
Pacific & Atlantic
25
HSouthern <fc Atlantic 25
'
TRANS ACTIONS AT THE BOSTON AND PHIIADliLPHIA
EXCHANGES
Week, ending
Oct 27
Com Storage
50
110
Telephone
Amer Telee &
$693,760,755
DAlLiY
H05
i
Cummer UnTeltN
—
.Sl.012,120
<Sc
\Central<fc So
1904
202,411.835
124,625,282
9,713,589
5,281,643
Stocks A o. shares
Par vaiue..
f486.123.150 $931,370,900 $18,'i71,9S4,02: $11,563, 377.300
$743,200
$643,800
$17,500
Bank shares, par..
$33,500
Total bonus
Gas 5s 1937.J -J
103
30
70
J-D
1926
1st 6s
Pat& Pas
nud Wiscei
Cons By Ltg&Befng.lOO
Cousol Bubber Tire..lO0
Debeuture 4s
60
$13,357,100 $1,803,200 $504,000
Week endlno Oct 27
naves at
vi-N
Industrial
A*k
101
90
30
36
jioe
2 136
Newark (, as 0.1 1944. y-J
Newark Consol 9m.. 100 9 J
s-b 4112
HCon g os 104No Hudson L H & Pow—
os 1H38
A-O J 108
1iO<fe lodC N*l& 111 .100
3
St Joseph
Total
1.
Uig<fcWabV lst6e'25.J-D
.Vladis. n Gas 6s
926.A-C
I
2,453.500
loo
LAtay'eGaslsi -
1,078.500 $500,1)00
1,053,000
3,00
911,600
1,000
73 .200
1,770,5(10
loir
1
$446,500
«1 ,808,600
!»9,'.108,650
616, 157
Monday
IlLAClede ijaa
Prefei red
o a
Bonds
Mate
Bondt
ice
Bonds
[Vol. lxxxi
Price per share, tsale price. aEx-rights. zEx-diy.
iNew stock.
N
1
USells on Stock Exchange, but not a very active security.
.
.
.
.
.
.
.
2
1
..
.
.
.
.
i
THE CHRONICLE.
Oct. 28 1906.1
1307
ftuuestmcnt and ^Railroad Intelligence.
RAILROAD GROSS EARNINGS.
The following table shows the gross earnings of everv Stkam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures zive tlie j^ross earnings for the latest week or month, and the last two
columns the famines for the period from July I to and inoludinoj such latest week or month. We add a supplementary
stntoment to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns
period.
Latest
ROADS
Week
or .Month
AIhiH Southern See Southe
Ala N O A lexa.» t'aolllo.
»o,v Ho Baal -ept
Ahi.fr Vulnli'n <ept
t
Current
Year
Previous
Year
203,050
66,433
62.878
—
.
.
AT
Georgia KR
August...
Ga South A Fla.. s«-e s>outhe
Gr Trunk System 3d wk Oct
Gr Tr. West'n 1st wk Oct
DetGrH AM..
1st
wk
Oot
Great Northern. Sept
Montana Cent'l
Se..t
Total system. 8ept
GulfAShipIsland 2d wk Oct.
Hocking Valley.. ept
Illinois Central.. Sept
Illinois Southern Sept
Ind 111 A Iowa... June
Int it GtNortU'n 3d wk Oot,
Ilnteroc(Mex)... 3d wk Oot
3d wk
Iowa Central
Oot.
Kanawha A Mich august
Kan City South'u August...
LakeEneAWestn June
Lehigh Val RR..
Lexing A East'n.
Long Island
Louisiana A Ark.
Louisv & Nashv.
Macon
Sept
August
August
Aiigust
3d
& Birra...
wk Oot
Sept
Mams <& No Las'. August....
Mamstique
Sept
Maryl'd A Penn.. Sept.
[Mexican Cent'l.. August
[Mexican litem. 3d wk Oot.
•.Mexican Ry
1st wk Oct
IMexicanSouth'i, 1st wk Oct
Millen A Southw gept
Mineral Range. 3d wk Oct.
Hinneap A St L
H HI P A Mo Kan As Texa^
Mo Pac A Iron Mi
Central Branch
wk oct.
wk Oct
3d wk Oet.
3d wk Oct
3d wk Oct
Total
3d wk Oot
Mob Jack A K C
GulfAChlo.Dlv WkBep 23
3d
3.1
to
Current
Year
Lattst
DaW
ROADS
Previous
Year
or
Mobile
624.924
201.883
273,35;i
113.947
118,176
285,241
JflC.
147,693
102.779
33. 532
6.156.340 18,109.776
664,07"
301,13
1S1.000
78,815
1,458.996 3,302.076
13.W18
30,895
6,048,760 IS, 714.723
349.224
176,010
4,770
14,896
4. SIS
12,299
108,541 2,935,623
243,253
96,241
544.824
169.069
9 ",200 1,472,700
1,106,000 18,019,90
262,300 3.468,720
1,834.750 6,479,903
40,251
2.655
1.819,781 3,742,894
1,193.064
162,623
1,936,937
2.671,695
115,448 1,978,536
4,205,054 8.423,092
5.366.624 10.055,940
1,220.995 3.226,963
532,409
29,885
579,795
312,783
825,266
253,804
107.682
16,343.510
01". 117
156.191
2,929,083
iJ7.52l
17,193,654
329,828
10,682
9,215
2,628,669
176,557
497.550
1.167,000
16,238,072
3,1-13,911
5,735,980
44,350
3,491.284
2,140,204
2,324.824
1,821,370
8,207,274
14.940,714
3,046,518
492,604
stem belo w.
4,049.178
260,127
471.732
141.6S6 2,260,397
38,670
15,973
61,173
56,490
34,379
5.875
81,091
20.688
381.900 6,106,388
259.142
79.904
29,336 1.335,309
52,825
997.17s
4,103,880 8,366,059
2,866
3,616
Now Tidt- irate r A Western,
164.115
82,061
7 A 180
271,615 191,373
506,049
211.384 193,666
418,334
rn Ry sj =tem belo w.
804.651 777,652 12,163,446
125,069 122,942 1,522,461
27,471
447,997
28.186
4.733.247 3,701.674 12.184,882
222,403 196.120
638,467
4,955.650 3,897.794 12,823,349
37,998
524,384
j/32.941
589,445 549,113 1,670,228
3,907,295 4.340,706 11,672,129
31,805
24,012
91,355
1.793.653
157.400 157.80
2,069.711
120,023 109,395 1,830,332
64,684
54.458
878,598
196,061 164.791
365,489
496,290 520,672 1,005,996
4,923.617
2,973,475 2,501,869 8,457.771
39.890
47,473
90,863
lliC
Inc.
38.589
74.790
67,603
150,486
804.615 & 831,560 12,t01.437
14,818
11,931
35.834
36,609
36,151
66,914
12,300
7.894
37,6:»5
36,433
33,713
98,107
6«4 2,089,895 4,443,923
2,294.
117.329 135,01
1.854,84
108,500 121,000 1,655.500
22,394
321.;;-:)
21,605
7,974
8,585
22,253
15,034
13,286
239,291
73,844 1,248.547
S6.210
260.253 213,499 3,418,525
480,268 527.015 6.530,390
7-.". 000
915,000 12,833,255
29,000
88,000
5,548
823,000 944,000 13,523, bOJ
016.626
12.614
163.938
,126,098
3,890.182
403.842
1,918,464
31.K84
56,490
11,910
38,088
5,344.515
250,684
1.392.947
861.829
8,034,325
5,590
wliion see
143.755
383,046
360,222
11.557,140
1,277,407
454.047
10,6-15,822
562,578
11,20^.400
537,691
1,714,063
12.360.09S
74,430
1,615,814
1,953,481
1,724.314
A
Week
Month
1st
2d
3d
4th
1st
2d
3<1
Ith
1st
Bd
id
week July
week Aug.
(44 roads*.
'11 roadaj
Aug. i rcid^i
week Aug. ,11 fjad-o
week Aug. (43 roads),
'.
week
40 roads]
week Sept (40 roaosj.
week
(37 road-.).
ween Sept. |37 roads).
week Octtoads)
week Oct.
roadn)
week Oct (35 roads)
l
,
I
.
Xlca
? ourren °y- «
lines in both years,
12,024,707
6. 05:;, 71
6,210.553
8, 36", 751
13,342.170
8.421,10"
8,754.057
8
10.977.932
7,455,483
7.641.740
7,992,642
12.770,603
8.07 i
'2.57"
13,273
12.368,234
1
.774
9,480,786
9,188,771
1
0.514.190
1,899,965
?.643.551
3,965,878
9,065.761
4-368,813 1-74
75
4-876,109
4-571.575 1-47
1
4-34 -.127 1-31
r 251,479 2-95
19,083 T75
4-463,269
+1
YC&
.
Rutland
RR
St Jos AGr I
St L A San Fran g
St L Southwest ..
Seaboard Air L..
June
August
144.527 135,052
3.542.341 3,535,413
sept
3d wk Oot. 166,108 204.144
1.103.0S5 1,014,770
Sept
116,881 119.917
Southern Ind
Sept
So PacifloCo6... August.... 8,591,941 7,779,376
South Ry System
Southern Ry... 3d wk Oot. 1,071,034 1.025,891
162,325 166,150
Mobile a Ohio 3d wk Oct
CinNOATexP 2d wk Oot. 154,993 139.140
60.436
60,166
Ala Great Sou 2d wk Oot.
146,300 149,894
Ga South & Fla Seps
24,339
19,561
Texas Central . . d wk Oot.
248,792 293,950
Texas A Pacific. 3d wk Oot
W August .
12.000
11.900
Tex S V A N
7,524
Tidewater A W'n August
8,702
Tol A Ohio Cent August
411,479 387.995
Tol P A West .... 3d wk Oot.
28.225
26,860
Tol St L A
82,489
74,982
3d wk Oot.
53,93o
Tor Ham A Bull Sept
61,919
LFn Pac System .. August
5,758,736 4,312,090
Virginia A So W'i sept
85,670
49,669
Wabash
3d wk Oot. 488,321 581,2^8
West'n Maryland August ... 419,80'J 363,082
W Jersey A Seat August
773,950 691,450
Wheel A LE
3d wk Oot. 115.998 103,971
12.170
4,110
Wiohita Valley.. July
18.832
20,484
Win'sportAN.Br August
Wisconsin Cent.. August
641,003 602,094
21,815
Wrightsv A T'n.. Sept
22,016
Yazoo * Miss. V Sept
427.058 643,587
W
VARIOUS FISCAL YEARS
Allegheny Valley
Atlanta & Charl Air Line
Texas
<fe
Jan. 1
Paeilic
18
4-123. 010 1-35
.
1
Dec.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
tO
to
to
to
Mar.
Jan.
an.
an.
Jan.
Jan.
an.
Jan.
an.
an.
an.
Jan.
Jan.
in.
an.
Deo.
an.
West Jersey
Month Oct. 1904 (124
Month Nov. 1904 (124
Period
Mar.
all.
to
l.atc.M Hate.
Current
Year
Previous
Ytai
W.
2.507.782 2.555.553
3.7s0,346 8,358,645
6...S77
70.264
8.134
4.069
23,387,790 21,015,428
2,147.457 1,943, "25
442,514
391,771
4.521.750 3,761. H34
1,772,451 1,757,551
15,402,859 13,139, ;: io
38,3-4
37.688
1,251.010 1,215,505
22,799.193 19,700,993
luc 1,5 2.10O
2.486.905 2,417.505
1,517.919 1,4 "9,056
6,844,136 6,183,524
15.144
li. .65
6.591.059 5,616,195
4.124.358 4,619.150
10,715.417 10,235.345
238,929
260.490
109.532
89.188
141, "S7
174.304
13,072.363 11,048,693
2,494.304 2,414.451
226,3-17
278.375
10,251.659 9,73 [.380
2.661.514 2.717,178
2,223,950 1, 9o6.0l5
348.435
346,644
16,781,116 14,909,935
15,894.181 15,055.572
2.574,767 2.431,422
2.279.342 2,102,392
1,000.721
890,777
416.533
220.742
440.771
253,600
3,183,795
23,000
13,695
738.001
41S.625
1,298,981
175,684
11,214.448
242,131
Aug.
Aug.
Aug.
1,420.231
1,730,350
12,170
38,283
1,232,39s
50,007
1,412.131
3,484,934
24.600
16,689
753.305
416,465
1,201.131
160,385
9,477,692
147,192
8,896.368
678,565
1,301,631
1,435,971
4.110
36.311
1,180,663
45.672
1.745.977
Previous
Year
7,8'.t3.669
000,011
$67 3,557
Inc.
f 1,908,907 $1,707,931
76y.l69
554,918
40.137
44.376
14.280,201 13.890.003
1,778,630 2,017,519
4,888,088 4,348,918
4.994,441
5,062,04
2,277,054 2,325.228
291.367
304.023
62.7VS1
79,290
189,390
209,197
5,097.326 5,550,559
4.775.700 4,670,100
910,039
941,296
31,902.669 33,202,905
Sept.
Aug.
Aug.
Oct.
Oot
-i
June
Aug.
Sept.
Sept
Oct.
Oct
Oct.
Oot
1.451,521 1,366,010
33.354.190 34,568,915
9,690,691 9.256.112
62,577,353 57,488.231
6,768,545 6,636,145
6,476.669
•45, 183, 069
Inc. 4,8 03,300
9,556,816 8,990,216
5.163,011 4,959,720
19,333,061 17,751.684
397,074
420.56"
8,829,7s0 8.921.725
8.261,683 3.077.0o3
Oct.
Oct
Oot.
Sept.
Aug.
Aug.
Aug.
Aug.
Aug.
Sept.
Aug.
Oct.
Aug.
M..nilil>.
Current Year PreviousY'ar
Inc. or
rdH.)
Month May 1905 UH
Month June 1905 (104
"
C2I
1
-11
.
1
1
1
'
i
rdn.)
I
159.732.959 154.758 .622 +4.974 .3:17
154,304.117 10,909 ,47( 1-13,394 on
1. .2
146,74 8,102 186,889 ,640
f-9,858
,980
127.073.05S 19,220 ,()7"
629
113.714,5oi;
17.25 2 ,135
12.. L3 ,;i
143,622.-5 7 130.879 ,540
136,595,868 127.237 .317
1.390 517
144,103,256 129.712 ,7.(9
rds.
rds.) 125,9
15 rds. L48,658,2s7
rdi-.
Dec
9
*
rds.)
.Month Deo. 1904 (123 rd-i.i
Month Jan. 1905 (116 rds.)
Month Feb. 1905 (117 rds.)
Month Mar. 1905 (118 rdH.)
Month Apr. 19IT, (118 rds.)
July 19(15 '1
.Month Aug. 1905 (115
Mouth Sept. 1905 ( 55
1
Current
Year
.
+ 29-.22:; ,15 M on Ih
4-464,908
iici<
833.761
861,825
239.993 218,817
JNat'l
26,240
26.91s
Nev-Cal-Oregon
2.323
4,401
Nevada Central.. August
8,106,297 7,250,540
Hud Kn Sept
N
655. 9S0 594.449
N Y Ont&f West. Sept
245. (ins
211,510
N Y Susq A West August...
2.394,003 1,956,210
Norfolk A West'n August
919,436 919,236
Northern Central August
5,837,84-. 4.696,779
North'n Paoitlo.. Sept
20.869
19.547
Ohio RivA West. August
654,23
614,740
Pacific Coast Co. Antrum,
10299890
ePenn— EastPAL August.... 11967490
Inc. 8 51.4O0
eWest P A E.... August....
PhilaBaltAW'sh August.... 1,252,827 1.249.127
831,140 769,511
Phtla A Erie...
August
2,335,747 2,140,584
Pittsb C C A St I. Sept
5,0»1
3 637
Raleigh & S'port Sept
3,492,781 2.954,758
Reading Railway August
Coal Air Co.... August .. 2.-/7y.361 2,201,211
5,772,142 5.235.969
Total Both Cos August
116.234 110,940
Rich Fr'ksb A P August
60,613
46,256
Rio Grande Jot.. August ...
12,954
10,184
Rio Grande So... 3d wk Oot.
4,719,385 4,117,881
Rock Isl'd Sys.. Sept
1,988.955
Central Branch
1,554.200
Total.
300.022 [National RR of Mexico
20,659 New York Central
20", 49:; Northern Central
966,943 ePennsy., East of P A E
eWestof P A E
2,634,582
6,278.718 Ptaila Baltimore A Wash....
13,647.536 Philadelphia A Erie
562,760 Pitts Ciu Clue A St Louis
14,2 10.296 Rio Grande Junction
+1,046,778 9-53
+ 59", 229 8 02
I*revwua
Year
8ept
3d wk Oot.
Sept
A Seashore
AGOKKGATES OF GKOSS i:\U\INGS-\Veeklv and
WEEKLY SUMMARIES Current Year PrcviousY'ar Inc. or Dec. p. n. MONTHLY SUMMARIES
4th
Current
Year
.Iiilv
Ohio... See Southe rn Ry. Sy stem
A St L..
RRof Mex
Ota
795,949 Atlantic & Birmingham
309,609 Bellefonte Central
995,971 CI C. O. A St. Louis
5.096.211
Peoria A Eastern
7,468,732 International & Gt North'n.
78,279 Interoceanio of Mexico
104,717
Lake Erie & Western
126.000 Manistee & North Eastern..
11,890,1132 Manistique
32,036 Maryland & Pennsylvania..
70,941 (Mexioan International .. ..
26,759 [Mexican ltailway
89,328 [Mexican Southern
4,066.708 Missouri Pacitio
132.148
harm n</x
Latest tiroxs
Nash
1
Po whattan—
Fon JolinatA Gl. August ..
Ft WA DeuvCity August
1
rn By. Sy iteaa belo w.
i
A
July
/lariiinqs
t-trnts
Sept
Vioksb 8b a
Inc.
Allegheny Valley \ugust
3dwk July
32,008
Ann Arbor
a -on top A S Fe. Sept. ... 6.457.".
liar.. August. ..
318.192
ca A
91.759
Atlantic <Xr Blr... Vliinlst...
Atl Coast Line... AugU:.t .. 1,612.763
15.612
Bait* Ann 9 1... Miguat...
Bait * Ohio
Sept
6,547.806
181.432
Bangor * Aroosl Aiiirust...
Belietonte Cent". 3ept
5.413
Bridgt A Baeo R. AllgUSt ..
6,966
BullRoeh.v Ictu 3d wk Ool. 201.903
132.680
Buttalo ASnsq... August
1"1,619
Cal Nortliw'n. ... Sept
Canadiau North. 31 wk Oot
118,700
Canadian Paoliii 3d wk Oct 1.284.000
249.600
Cent'l of Georgia 3d wk Oot
Cent'l of N Jersej Sept.
2,159,759
Chattan South'u. 3d wk Oot
2,524
August... 1,967.281
Chesap A Ohio.
Chio A Alton Ry. AllgUSt
1.056.300
Chlo Gt West or a 3d wk Oct. 1S5.145
L'v... 3d wk Oct
Chio Ind A
118.252
CUic Milw A Bt i August.... 4.467.405
Chic A North \V
Sept
5,766,337
Cine St PiliO. Sept. ...... 1.278.848
CUlo Terra Tr KH 3d wk Oct.
34,202
Pac. S-e Southe rn Ry. Sy
ClnN O
CI Ciu Ch A St L. August... 2,15-1,266
Peoria A East'i. August .257.840
Colorado A South 3d wk Oot.
161.311
Col Newb A Lau. August...
19,449
Copper Range.... July
61,173
Cornwall
August...
15.916
Cornwall ALeb.. August ..
41,432
Den v. A Rio Gr... 3 1 wk Oot 405.900
Det *• Mackinac. Sept
81,534
Detroit Toi. A Ir. 4thwkMay
38,520
DulSoSh AAU.. 3d wk Oct,
57,468
Erie
August
4.406.759
F'rchildAr N'r'e'n August ..
1.774
Faxnivllle
railways art brought together separately on a subsequent vage.
of the street
15 1,9,
61,549.670
1
1
11." 15 ,03
130.328
l
1
1.867 .4ol
5-. 01..
1.097
3-01
9-73
1P0»
1-66
.
1
)
15. 329 .757 10-02
,
13.106 ,089
+ .J.003
:>
28
,924 0-U3
Figures include earnings of stations, Deoatur to Ackerinan Inclusive. 6 Inoludes the Qoos. .v lex. Cent and Its
k Atlanta knors Covers lines dlreotlv operated
17 Includes the Cntoago
4k Eastern Illinois In both years.
'*.* -Northern Inolndi d in both years since April 1; It had previously been Included In 1'juj since Jan L y Loss is entirely In the passenger
karnlngs, caused by yellow fever quarantines.
mh*
raDsi.i.
1
i
THE CHRONICLE,
1308
Latest Gross Earnings by Weeks.
of
— In
the table which
separately the earnings for the third week
table covers 35 roads and shows 1.35
we sum up
October. The
follows
!
p. c. increase in the aggregate over the
same week
lasl
year.
Gross E]arn'gs
Current
Previous
Year.
Year.
%
$
Roads.
N V Out & Wert-a._Sep1
655,980
Net*
Current
Year.
$
594,449
Buffalo Rochester
&
Chattanooga Southern
Chicago Great Western
Chic Indianap & Louisville..
Chicago Terminal Transfer
Colorado & Southern
Denver & Rio Grande
Duluth South Shore & Atlan.
\
&
Ohio.
Nat RR of Mexico
Rio Grande Southern.
St Louis Southwestern
Southern Railway
Texas & Pacific.
Toledo Peoria & Western
Toledo St Louis & West...
Wabash
Erie
Total f35 roads)
Net increase (1.35
.
Jan 1 to Sept 30..
Rocklsl'dSys.a
Sept 4,719,386
1
33,422
20.500
178,000
201,963
118,700
1,284,000
249,600
2,524
185,145
118,252
34,202
161,311
405,900
57,468
168,541
98,200
1,106,000
381,900
52,825
22,522
2,804
4,317
19,625
24,000
4,643
804,051
777,652
26,999
157.800
109.395
54,458
831,560
135,012
13,286
73,844
213,499
527,015
915,000
29,000
166,150
218,817
10,184
204,144
1,025,S91
293,950
26,860
74,982
581,228
103,971
9,188,771
9,065,761
12,700
131
262,300
2,655
162,623
115,448
29,885
141,686
July
1,014,770
1,986,015
79,312
181,304
1,240,558
3,446,013
273,621
581,819
20,696
76,383
1,480,200
3,712,106
280,785
506,579
31,348
47,897
363,082
678,565
2/149,809
2/268,893
2/274,716
.s-21,815
11,966
21,512
9,557
15,567
.
.
p. c.)
"
26,945
17,683
i",748
12,366
46,754
46,747
130,000
9,666
3,825
21,176
2,770
18,036
45,143
45,158
1,365
7,507
92,907
12,027
517,542
123,010
394,532
For the second week of Octoberjour finarstatement covers
39 roads and shows 5.18 per cent increase in the aggregate
over the same week last year.
2nd week
of October.
1905.
$
$
749,207
270
15,853
(39 roads)
Net increase (5.18 p.
9,158,077
60,436
154,993
8,709,013
60,166
139,140
2/32,941
1/37,998
24,339
19,561
8,965,878
770,108
464,908
Decrease
$
to
Aug
c.)_
300,143
& Tenn.b..Sept
July
1
to Sept 30
y For August additional income and net profits from coal, etc., were
$39,572 this year, against $42,405 last vear; and from July 1 to August 31
$70,486 this year, against $67,410 last year.
Interest Charges
and Surplus.
deficit
following roads, in
below these charges.
—Int., Rentals,
Current
Year.
etc.
—
Previous
Year.
Roads.
Boston Revere Bch
July
1
1
Cumberland Telephone
Telegraph .
Jan 1 to
1
to
of
Current
Year.
$
—
Net E'ngs
Previous
Year.
$
240,679
225,484
372,425
236,958
222,923
264,775
1,307,925
1,004,238
118,424
967,861
574,236
2188,625
2460,432
12,355
45,775
117,859
495,876
3,403
25,436
X18.928
278.620
18,113
68,634
101,569
874,033
521,726
2145,915
2529,976
10,967
36,792
142,778
561,524
&
Aug
Aug 31
Aug 31
24,819
178,255
117,113
Hocking Valley
Sept
64,065
July 1 to Sept 30
206,083
Maryland & Penna
Sept
3,833
Mar 1 to Sept 30
26,833
N Y Ont & Western. Sept £70,362
July 1 to Sept 30
£206,050
Pocahontas Collieries Sep
dl6,052
Jan 1 to Sept 30... d 143, 508
Aug 254,919
Seaboard Air Line
July 1 to Aug 31...
509,951
Texas Central
Sept
2,583
July 1 to Sept 30
7,749
Apr
—Bat.
& Lynn-
to Sept 30
to Sept 30
15,613
15,586
45,348
47,154
Cent of New Jersev.Sept. . 6722,505
6633,656
July 1 to Sept 30
62,020,547 61,784,579
Jan
_,
—The
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c, with the surplus
305,200
Gross Earn'gs
Net Earnings
Current
Previous
Current
Previous
^ar.
Year.
Year.
Year.
„
Roads.
$
$
$
$
Atch Top & Santa FebSept 6,457,831 6,156,340 22,605,664 x2 598 152
July 1 to Sept 30... 18, 109,776 16,343,510 x6,609,3S4 25,868,891
Atl & Char A L
-aAug
318,192
301,132
70,871
97 790
Mar 1 to Aug. 31... 1,908,907 1.767,931
425,454
488,964
Bos. Rev. Beach & Lynn-b
July 1 to Sept 30
249,628
234,033
49,371
46.870
Jan 1 to Sept 30
527,681
489,966
56,264
57,185
Buf.Rpch & Pitts. b.Sept
805,815
738,634
393,066
319.824
6- -July 1 to Sept 30... 2,378,869
2,123,045 1,111,636
884,961
Canadian Northern... Sept
378,500
292,700
110,200
96 200
July 1 to Sept 30... 1,131,500
899,300
286,'800
364,400
Central of Georgia. a.. Sept 1,018,740
925,168
335,766
294 686
July 1 to Sept 30... 2,724,520 2,396,811
782,892
656,373
Cent of New Jersey. b.Sept 2,159,759 1,834,750 1,094,930
898,432
July 1 to Sept 30
6,479,903 5,735,980 3,328,472 2,788,818
V155.999
last year.
above or
Net Earnings Monthly to Latest Dates.—The table following shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Oct. 21 1905.
The
next will appear in the issue of Nov. 18 1905.
S45.872
1,585,850
3,749,443
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
£ For September additional income is $4,764 this year, a?ainst $4,982
last year.
From July 1 to September 30 additional income is $12,876
this year, against $18,132 last year.
k For September additional income is $12,023 this year, against
$9,428 last year.
From July 1 to September 30 additional income is
$38,483 this year, against $29,960 last year.
o Including other income, total income (exclusive of results of coal
companies) for September is $1,280,943 in 1905, against $1,097,349 in
1904, and for period from July 1 to September 30 is $3,721,072 in 1905,
against $3,325,998 in 1904.
Deductions from total income for additions
and improvements were $165,749 in September 1905, against $107,965
in 1904, and from July 1 to September 30 were $309,395 in 1905, against
$338,932 in 1904.
s Includes $434 "other income" for September this year, against $391
last year and from July 1 to September 30, $1,230 this year, against
$1,155 last year.
x For September 1905 taxes and rentals amounted to $196,027 against
$193,882, after deducting which net for for September 1905 was $2,409,637, against $2,404,270.
From July 1 to September 30 1905 net after
deducting taxes and rentals is $6,042,766 this year, against $5,288,440
5,057
y Decrease due to yellow-fever quarantine.
800,011
822,018
S50.807
31
4,778
9,430,786
Ala Great Southern
Cin New Orl & Texas Pacific.
Gulf & Ship Island
Texas Central
' Total
Increase
1904.
S
Previously reported (35 roads)
1
Wrightsv
400
10,628
10,226
4,117,881
to Sept 30... 13, 072,363 11,048,693
St.L. & 8. Fran. (Incl.Chic
& East. 111). a.
Sept 3,542,341 3,535,443
July 1 to Sept 30... 10, 251, 659 9,731,380
July
Year.
*
203,478
737,674
698,432
4,490,042
1
Seaboard Air Line. a. -Aug 1,103,085
July 1 to Aug. 30... 2,223,950
Texas Central. a
Sept
72,439
July 1 to Sept 30
209,029
Western Maryland. a. Aug
419,809
MilJ
P&SSM
& Lake
$
liicim.i
1
Internat & Great Northern
Interoceanic of Mexico
Iowa Central
Louisville & Nashville
Mexican International
Mineral Range
Minn & St Louis
Minn St
Missouri Kansas & Texas
Mo Pac & Iron Mountain
Central Branch
Wheeling
crease.
157,400
120,023
64,684
804,615
117,329
15,031
86,210
260,253
480,268
785,000
38,000
162,325
239,993
12,954
186,108
1,071,034
248,792
28,225
82,489
488,321
115,998
Central of Georgia.
Grand Trunk of Canada
Grand Trunk Western
Detroit Grand Hav &
/n
S
$
Pittsb'g.
Canadian Northern
Canadian Pacific
Mobile
1901.
1905.
Earnings
Previous
188.221
701.920
737,463
4,036,761
19,455
108,944
1,606,978
3,973,095
Julv'l to Sept 30
2,147,457
1,943,825
Pitts
St L. a.. .Sept 2,335,747
2,140,584
Jan 1 to Bept 30
19,383,001 17,751,684
Pocahontas Collieries Sept
CC&
3rd week of October.
Vol. Lxxii
22,707
168,460
104,752
73,120
214,556
2,874
20,124
£60,700
£176,150
247,697
495,268
2,583
7,749
234,814
221,063
28,765
40,148
.
Cumberland Telephone
•
Telegraph, b
Aug
Aug
1
& Mack a
Jan
Apr
1
to
to
Sept
385,102
3,005,691
1,891,128
81534
1 to Sept 30...
259,142
Hocking Valley. a
Sept
589,445
July 1 to Sept 30
1,670,228
Hudson River Elect Power
Co -------- -------Sept
Jan 1 to Sept 30
Iowa Central, a ... Sept
July 1 to Sept 30...
Lehigh Valley.
Sept
July 1 to Sept. 30...
Manis & Northeast. a. Aug
July 1 to Aug 31
Maryland & Penna... Sept
Mar 1 to Sept 30
Mill & Southwest, a. Sept
July 1 to Sept 30
Minneap & St Louis.aSept
July 1 to Sept 30. .-
b..
Mo
Pacific
July
Jan
1
1
Aug
Syst.b
to
to
Aug
Aug
31
31
Included in the fixed charges in this
STREET RAILWAYS AND TRACTION COMPANIES.
&
Aug
31
31
Detroit
July
fiscal year are expenditures for
additions and improvements amounting to $169,761 for
September 1905, against $137,089 in September 1904, and to $493,361
for period July 1 to September 30, against $300,350 the previous year.
d Charges include sinking fund and preferred dividend.
£ These are net charges after allowing for other income received.
2 After allowing for other income received.
6
renewals,
69,530
525,103
£249,237
£695,996
2,973,475
8,457,771
36,151
66,914
36,433
209,197
.
8,585
22,253
£362,911
4:986,155
3,809,031
7,471,122
27,301,509
333,509
2,607,362
1,638,720
79,904
250,684
549,113
1,714,063
143,243
1,146,116
691,349
16,295
61,045
248,092
653,022
124,276
1,042,493
626,478
27,725
841457
204,943
705,236
52,355
34,668
26,519
385,307
223,242
186,314
£228,761
59,615
30,125
£630,484
147,738
82 348
2,501,869 01,220,671 01,043,407
7,468,732 o3, 530.474 o3, 125,830
36,609
16 223
15 849
70,941
28,532
31492
33,713
16 188
13 841
189,390
72^08
56,916
7,974
4 058
2303
7*798
20,659
4,'809
£274,377
163.919
112228
£775,037
429,296
301,'l40
4,091,946
1,319,966
1,535031
7,436,611
2,545,254 2,410.346
27,795,230 7,058,965 7,176 242
Latest Gross Earnings.
Name
Jan.
1
to
latest date.
of
Road.
Week
or
Month.
$
Albany & Hudson.
American R'ys Co.
Aur Elgin & Chi Ry
Binghamton Ry .
Boston & Worcest'r
September
September
September
September
August
Burlingt'n (Vt) Tr. September
Cal Gas & Electric. July
Central Market St. July
September
Cent Penn Trac
September
Chi & Mil Elec
rfChi & Oak Park.. September
Cin Northern Trac. September
Ry & L'ht
(Muscatine, Ia)_
TrCo..
Clev
Clev Painsv & E__
Col Lon & Spring..
Detroit United Ry.
Current Previous
Year.
Year.
$
29,475
127,902
46,786
22,418
55,866
6,630
320,857
Current
Year.
$
Previous
Year.
$
67,288'
3,030,224i
221,918
0415,070
340,177
192,520
0353,483
60.240
2,173,393
53,712
58,887
47,581
435,137
411,861
600,643
z 249,755
397,959
324,278
561,339
2 242,183
10.415
46,289
23,156
90,209
400,703
185,318
77.747
353,072
172,188
86T.354
,117,316
,643,950
11,769
118,024 131,477
43,809
38,886
22.763!
20,776
528,572
980,630
355,010
C46.420
496,052
980,289
341,097
C41.996
34,323
143,362
63,770
25,476
63,324
8,520
435,971
14,765
51.970
64,788
66.078
51.909
44, 132
255,178
C465.454I
447.8881
211,357
0404,256
Citizens'
&SW
September
September
September
52,966
Julv
22,052
3d wk Oct
Duluth Street Ry. 3d wk Oct
EastStL&Sub... September
Elg. Aurora & So. September
August
El Paso Electric
10.296!
25,695'
93,749,
12,858,
— ——
—
—
..
.
.
Oct. 38 1905.
.
THE CHRONICLE.
|
1
,
Latest Gross
\ame
Current
Year.
Mfc or
II
Month.
Wayne
Earnings
.
Jan.
1
to
latest
date.
— dross
Current
of
Roads.
ftFt
,
a.
Previous
Year.
Current
Year.
Previous
Year.
WaD
78,009
26,606
Vallev Traction. September.
Galveston Bled Co August
Havana Elec Hy Co Wk Ocl 22
Honolulu Rapid
'J.'..:;;-!
38,004
022, 070
(05,616
1/31.700 1/1,681,919 1/1,361.323
1 'r
& Land Co
j".
August ...
Houghton Cost Ky August .
Houston Elec Co
August
Illinois TT»C Co... September
Indianap .t EastHy August
Indianap vt Northwestern Traction August ...
Internat Trac Co
System (Buffalo^ September
Jackson Consol Tr. August
Jackson v Elec Co. August
Kan Ciiv Hy vV Lt. August
Lake Sb Elec Ky . September.
Lehigh V Trac Co
Btreel Hy Dtp.. September
Elec Light Dep. September
September
Lexington Hy
Madison Traction. September
Manila El Ry 4 L
Rv Depl
2d wk Oct
Met "West Side Elev September
26,388
18,810
24,687
99,040
22.237
823
20.771
16,810
128,268
24,469
430. 3S6
-
769". 160
1,066,719
161,168
139.077
42,404
184,960
10,534
3,417,
IM
67,465
68,186
451. 170
17,638
15,228
43,626
10,048
35,436
8,497
,124,700
(37,696
(52,475
208, 728
3,107,57s
589,067
129,860
272,197
14.365
23,995
432,672
7'.).
23,828
600
1SS.375
491",
171
1
66,2.-.
1
9,550
186,640
280,353
07,020
262,009
MilElec Ry* Lt Co September
Mil Lt H ATrCo.. September
Ry August
&
September
Ft Wavne
Norfolk Ry & L._. August ...
Nor Ohio Tr&Lt Co
Northern Tex Trac
Northwestern Elev
Oakland Tr Cons.
Olean Street Ry...
Orange Co Trac
Peeks Ltg&RR Co.
Pittsburgh M'Keesport & Greensb'e
Pottsv Union Trac
Rvs Co Gen— R'ds
210.207
129,831
211,668
t9S,120
161,860
279,852
393,629
119,803
July
July
1,654,451 1.537,007
2,375.267i 2,364,792
48.615|
464,224
348,460
236.245
1,805,711
1,639,427
132,563
482,082
716,513
421,698
1.026,379
804,157
96,080
83,744
134,040
443,635
669,714
359,840
938.163
707.714
80,581
78,522
'
76,621
88,268
59,244
111,460
119,816
11,332
15,946
11,453
72.51S
80,785
48,626
99,610
104,276
0,492
15,875
10,843
92,421
S3, 197
100.327
20,532
171,777
18,799
29,311
282,517
1,924
18,259
122,211| 1,307,397
89,177
153,919
248,158
17,685
1,106,910
September
September
September
"Light Co's
Rochester Railway September
Rockford Beloit &
Janesville
September
13,317
13,261
113.403
St Joseph (Mo) Ry
59,816'
Lt Ht&PowCo.. September
67,001
552.788
San Fran Oakl'd &
San Jose Ry
July
43,015
33,430
300,018
Sao Paulo (Brazil)
Tram L & P Co. Wk Oct 1 43,201 36.341 6531.211
Savannah Elec Co. August
51,164
49,932
383,038
Schuylkill Ry Co.. September
18,134
al02,71l|
Scranton Railway. September
84,825
709,662
77,545
Seattle Electric Co. August
224,936 192,3681 1,646,856
South Side Elev... September
135,864 112,680 1,214,756
Syracuse R T Ry.. August
79,932
71,328
616,486
Tampa Electric Co August
29,060
261,680
30,009
54,426'
Terre Hte T & L Co August
58,049
400,912
TolBowlGr& So Tr September
29,867
Toledo Rys <fc Light September
163,643 150,344 1,407,778
Toledo & Western. August
25,961
22,974
155,128
Toronto Railwav. Wk Oct 21
51,723
47,166 2,177,364
Twin Citv Rap Tr. 2d wk Oct
96,258
79,198 3,674,533
Un'd Rys of St L.. September X728.508 1051,899 6.239,579
Urn'ted of San Fran September
614,055 617,642 5,187,341!
Wash Alex & Mt V September
22.941
22,350
186,378
Youngst'n-Sharon. September
44,968
37,194
395,543
1
105,273
499,573
Gross Earn'gs
Current
Previous
Year.
Year.
Roads.
%
Albany & Hudson. a.Sept
34,323
29,475
Jan 1 to Sept 30...
255,178
221,918
July 1 to Sept 30...
97118,634
Aurora Elgin <fe Chic. Sept
63.770
46,786
Jan 1 to Sept 30. ..
447,888
340,177
July 1 to Sept 30...
209,973
158,857
Ballston Terminal Rv.b
July 1 to Sept 30...
9,540
8,921
Binghamton Ry.b.-Sept
25,476
22,418
Jan 1 to Sept 30
102,520
211,367
S7.854
July 1 to Sept 30
78,917
CalGas & Elec. a
July
155,971
320,857
Jan 1 to July 31... 3,030,224 2.173,393
Central Penn Tract.. Sept
51,970
44,132
Jan 1 to Sept 30
307,959
436,137
Chic A M Elect Rv
53.712
64,788
Jan
to Sept 30
411,861
324,278
Cleveland PalnesvlUe
<fc
Eastern, a
Sept
t
25,695
23,166
Jan 1 to Sept 30...
172,188
186,318
Cleve & So Wo*
62.966
46,289
Jan 1 to Sept 30
;."..{, 072
400,703
Detroit United-*..
490,241
421,937
Jan 1 to Sept 30
5,647
3,387.226
Duluth St Ry.b..
50,968
Jan 1 to K^pt 30
489,670
161 392
East St Louis A Sub. Sept
118,024
131,477
Jan 1 to Sept 30
980,630
980,289
1
647,911
1,512,370
1,124,437
560,916
231,509
368,494
1,289,944
141,003
1,927,747
3,369,157
7,316,899
4,911,992
182,572
340.099
Previous
Year.
%
11,426
6
1
,086
32,514
32,142
203.242
112,299
2.900
12,238
104,664
48,138
111,041
783,981
9,076
59.618
26,255
23,918
138,736
82,728
2,658
9,818
88,633
41,726
78,1 11
1,812
600,259
6,746
81,848
18,141
1
12,014
239,020
198,634
12,1D.-,
io. 4.56
78,307
23,980
.240
222.:;:-.
70.030
20.3S1
128.933
187,362
1,566,215
1.3 12.:, 25
29
236,269
63,659
552
27,481
216,694
81,484
530.17:,
rear.
Xrt Earnings.
Current
Previous
Fear.
1
1
,
hi:
9
43.809
38,886
20.186
140.793
127.259
70.287
20.770,
22,763
7.057
46,420
41.996
16,466
— b Railroad Department onta
00,0,01
64,888
16,707
153,531
149,473
41,311
—
17,464
63,372
6,776
12,806
25 .566
51,670
Val-
Sept
Sept 30
85,865
700.701
25,734
100,845
78,60,0
022,070,
84,766
205,751
25,605
95,516
10,010
41,527
25,823
211,668
Aug
Aug 31...
Honolulu Rapid Tran &
Aug
Land.b
Jan 1 to Aug 31
to
1
—
Previous
$
Galveston Electric
26,388
216,207
8,889
76.445
10,408
83,344
d7,733
18,810
129,321 ddef24,691
24,687
19,944
c/38,503
32,957
218,853
Houghton Co Street Ry
Aug
(Hancock, Mich)
Jan 1 to Aug 31
20,771
98,120
45,810
Aug
Houston Electric
Hudson Valley Ry.b
to Sept 30...
to Sept 30...
211,776
413,964
^Illinois Traction. a.. Sept
128,268
Jan 1 to Sept 30
1,066,719
Aug
Indianap & East
24,469
Jan 1 to Aug 31
151,158
Tr..Aug
Indianap & N
42,404
Internat Traction Co System (Buffalo), b
Sept
430,386
Jan 1 to Sept 30.. 3,417,184
Jackson Consolidated
Aug
Traction (Mich)
14,365
May 1 to Aug 31
52,475
Jacksonville Electric. Aug
23,995
Jan 1 to Aug 31
208,728
Kan City Ry & Lt a.. Aug 433,672
Jan 1 to Aug 31
3,107,578
June 1 to Aug 31
1,268,054
Kingston Consolidated, b
July 1 to Sept 30...
42,269
Jan 1 to Sept 30
96,470
Lake Shore Elect. a.. Sept
79,600
Jan 1 to Sept 30...
589,067
Lexington Ry.b
Sept
43,526
Jan 1 to Sept 30
272,197
.Inly
1
1
199,0 is
391,131
99,040
769.160
22.237
139.077
W
Elect, b
to Sept 30...
to Sept 30...
Jan 1
Manila Elect
Ry Dept
Net Earnings
Current
Year.
Wabash
.t
6463,425
355,040
—
-
Wavne
ley 'fraction
Jan
tO
July
Street Railway Net Earnings.
In the following we show
both the gross and the net earnings to latest dates of all
STREET railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month we bring together all
the roads reporting as is done to-day.
Besides the companies
furnishing monthly returns we have added this time the
roads which make quarterly return-.
i,
It
Long Island
a Totals are from April 17 1905. 6 Totals are from June 25 in both
c Totals are from July 1 in both years,
d These are results for
mainline, g Totals are from Oct. 1 in both years, ft 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.
1
1
1
221,936
years,
I
Roads.
Elgin Aurora & So.b Sept
July 1 to Sept 30
Aug
El Paso Electric
July 1 to Aug 31...
Elmira Water Light & RR
July
to Sept 30...
to Sept 30
Jan
Jan
22.423
21.708
33,841
2,022
152.689
September
August
September
September
August
September
Year.
May
—
Montreal Street
Munde Hart
700.701
(100.846
Itiriiiiu/s.
309
1
Ry &
59,873
134,174
Sept
1
1
1
Tern- Haute Tr
.v.
59,998
465,151
11,437
59,230
22,978
384,960
3,124,796
228,045
1,636,475
10,534
37,695
23,828
188,375
6.128
23,640
8,605
89,668
192,090
92,429
98,391
50,004
337,206
11,925
66,385
191,766
1,288,183
10,131
75,595
1,255,714
530,575
41,467
96,692
67,465
491,171
35,436
18,820
39,107
42,544
270.348
22,062
110,113
38,007
30,804
158,400
14,968
54,409
108,283
27,779
44,821
23,600
35,258
279,852
2,364,792
48,615
348,460
236,245
1,639,427
2,224,855
24,250
158,066
1,218,626
43,471
269,930
125,810
676,981
912,789
151,361
1,171,685
30,046
182,573
113.254
590,576
820,653
134,640
72,518
443,635
68,744
31,364
190,074
71,104
30.096
179.500
80,785
669,714
48,626
359,840
104,276
707,714
9,492
80,581
32,840
15,875
78,522
29,719
43.410
335.503
23,520
182,686
60,042
385,466
5.274
44,030
20,383
8,761
29,911
17,910
39,432
306.031
22,498
158,188
48,407
340,260
4,412
36,496
16,684
7,026
19,628
12,289
18,959
39,169
10.843
33,115
10,723
15.604
5,786
18,257
8,841
12,806
5.213
15,977
20,532
89,177
122.211
1,106,910
398,752
11,294
45,738
73,104
608,639
238,968
42.076
57.162
498.258
194,749
13,261
105,273
59,816
499,573
6.354
48,017
35,593
262,022
6,236
40,848
29,417
225.783
33,430
221,936
49,932
355,040
22,226
172,700
21,037
161,746
8.428
49.856
39.598
312.985
84,366
565.300
18,839
122,383
22,556
150.401
37.545
284,840
58.433
471,507
29.198
14,534
13,789
217,901
112,068
?76
.200
Aug
Rv&Lt.b
is, 008
1.728
17,751
Light
44,500
280,353
Jan 1 to Sept 30
2,375,267
Mil Lt Heat & Tr.b..Sept
67,020
464,224
Jan 1 to Sept 30
Aug 262,009
Montreal St Ry
Jan 1 to Aug 31
1,805,711
Oct 1 to Aug 31... 2,443,825
Mncie Hart & Ft Wavne a
Jan 1 to Sept 30. ..
132.563
Norfolk Ry & Lt.b_.Aug
76,621
Jan 1 to Aug 31
482,082
Northern Ohio Traction
& Light. a
Sept
88,268
Jan 1 to Sept 30
716,513
North Texas Tract. b_ Aug
59,244
Jan 1 to Aug 31
421,698
Oakland Tract. b
July
119,816
Jan 1 to July 31
804,157
Olean Street Ry.b... Sept
11.332
Jan 1 to Sept 30...
96,086
July 1 to Sept 30...
38,159
Orange Co Traction.. Aug
15,946
Jan 1 to Aug 31
83,744
July 1 to Aug 31. ..
32,626
Oswego Traction Co.b
July 1 to Sept 30...
20,346
Jan 1 to Sept 30...
41,063
Peekskill Ltg&RR.a.Sept
11,453
35.943
July 1 to Sept 30...
Pittsburgh McKeesport &
Greensburg. b
July
22,423
Jan 1 to July 31
100,327
152,689
Rochester Ry.b
Sept
Jan
1 to Sept 30... 1,307,397
July 1 to Sept 30...
489,476
Rockford Beloit & Janesville .a
13,317
Sept
Jan 1 to Sept 30
113,403
St Joseph Lt Ht&PCo.Sept
67,001
Jan 1 to Sept 30
552,788
San Fran Oakland & San
Jose Ry
43,015
_ .JulyJan 1 to July 31
300,0 is
Savannah Electric
Aug
51,164
Jan 1 to Aug 31
383.038
Schuylkill Ry.a
18.134
Sept
April 17 to Sept 30...
102,711
Scranton Ry
84,825
Sept
Jan 1 to Sept 30...
709,662
Seattle Electric
Aug 224,936
Jan 1 to Aug 31
,0 10,, 856
Syracuse <v Suburban. faJuly
to S.pt 30...
31,776
Syracuse Hap Tract. b—
251,loii
Julv
to Sept 30...
Jan 1 to Sept 30...
701,848
Tampa Electric
Aug
29/060
Jan 1 to Aug 31...
261.680
Mil El
I
105,051
d8,982
Lt.Aug
.049
400.912
Jan 1 to Aug 31
Toledo Howling Creen &
29.867
Sou t hern
Sept
Toledo Rys A Lt. a.. Sept
163,643
1,407,778
Jan 1 to Sept 30
77,545
647,011
102.368
1,512,370
630.019
30,009
231,609
54,426
368. 404
1
1
106,
23.0i:.
128,484
11,981
.
.303
.212
13,050
01.629
22,111
120.004
129
L60,
1,289,944
SO,
1,188
70,936
-'•7,796
THE CHRONICLE.
1310
—
/—- OniHH
Earnings,
Current
Previous
Tear.
Year.
$
$
$
15,091
26,132
22,974
141,903
373,943
3,208,168
6,401
10,564
12,080
58,318
278,030
1,904,538
5,693
9,049
10,430
54,888
207,926
1,698,001
225.737
564,088
37,194
340,099
119,346
246,372
22 906
183,450
89,779
173,471
12,704
133,765
246,403
628,940
44,968
395,543
Youngs-Sharon Ry.a.Sept
Jan 1 to Sept 30
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
d Falling off due to a strike and boycott by the trades unions.
q These earnings include besides the railroad property the results of
the gas, electric light and steam heating properties.
Interest Charges and Surplus.
—The
railways, in addition to their gross
following
STREET
and net earnings given
in
the foregoing, also report charges for interest, &c., with
the surplus or deficit above or below those charges.
—
Int., Rentals,
etc.
Bal. of Net E'nqs.
Eastern
Previous
Year.
Current
Year.
8
8
8
Jan 1 to Sept 30
Detroit United
Sept
Jan 1 to Sept 30
Sept
Jan 1 to Sept 30
Elgin Aurora & So... Sept
July 1 to Sept 30
El Paso Electric
Aug
July
1
to
Aug
31
—
Elmira Water Light & RR.
July 1 to Sept 30
Jan 1 to Sept 30
Galveston Electric. ..Aug
May
1
to
Aug
31
Honolulu Rapid Tran
Jan
to
1
Houghton Co
Aug
31
Street
def937
29,186
263,803
5,599
6,806
6,723
60,290
17,593
60,714
xl32,680
89,802
92,974
X759.909
829,181
803,065
12,481
17,382
16,509
83,481
152,788
148,470
10,853
9,333
9,333
42,448
27,839
27,839
3,335
3,722
3,327
8,027
7,439
6,656
Railroad Department only
X4.777
12,243
12,464
24,708
37,617
37,593
5,844
4,166
24,861
16,666
3,732
9,740
xl00,091
X539.677
10,972
67,124
8,121
35,533
3,449
6,150
x4,459
x40,909
X6.293
X50.825
3.594
d48,958
d336,456
X13.507
X15.219
&
Aug
Land
xdef705
61,712
439,014
3,643
d49,329
d344.967
Sept
DuluthStRy
4,810
38,705
4,960
35,462
Ry
(Hancock, Mich).. .Aug
Jan 1 to Aug 31
Houston Electric
Aug
Valley Ry
1 to Sept 30...
Jan 1 to Sept 30...
Indianap & East
Jan 1 to Aug 31
Aug
3,732
28,656
9,059
67,763
195,264
4,167
34.335
Internat Tract Co System
(Buffalo)
Sept
138,738
Jan 1 to Sept 30
1,237,393
Jacksonville Electric ..Aug
3,234
Jan 1 to Aug 31
24,380
Kingston Consolidated
July 1 to Sept 30
17,806
Jan 1 to Sept 30
37,520
Lake Shore Elect
Aug
20,405
Jan 1 to Aug 31
163,234
Lexington Ry..
Sept
5,919
Jan 1 to Sept 30
53,237
Long Island Elect
July 1 to Sept 30
9,309
Jan 1 to Sept 30
27,457
Mil Elect Ry & Lt
Sept
80,138
Jan 1 to Sept 30
689,139
Mil Lt Heat & Tract.. Sept
23,357
Jan 1 to Sept 30
188,764
Montreal St Ry
Aug
35,469
Jan 1 to Aug 31
211,096
Oct 1 to Aug 31
267,389
Muncie Hart & Ft Wayne
Jan 1 to Sept 30
37,500
Norfolk Ry & Lt
Aug
19,711
Jan 1 to Aug 31
155,193
Northern Ohio Traction
& Light
..Sept
23,166
Jan 1 to Sept 30
207,302
Northern Texas Tract .Aug
11,188
Jan 1 to Aug 31
88,023
Oakland Traction
July
32,929
Jan 1 to July 31
221,990
Olean Street Ry
Sept
2,570
Jan 1 to Sept 30
23,349
July 1 to Sept 30
8,156
Oswego Tract Co
July 1 to Sept 30.
3,417
Jan 1 to Sept 30
10,152
Rochester Ry...
Sept
27,821
Jan 1 to Sept 30...
248,470
July 1 to Sept 30...
84,367
Rockford Beloit & Janesville
Sept
2,582
Jan 1 to Sept 30
23,544
San Fran Oakland
Ry
<fe
3,454
4,001
26,838 def. 53,347
8,316
10,885
5,528
11,665
def.6,588
July
13,425,
92,712
10,554
84,431
5,292
28.513
18,514
167,772
Schuylkill Ry
:Sept
April 17 to Sept 30...
Scranton
Jan
Ry
1
X57.061
x31,145
62,142
182,921 xdefl9,226 xdef79,795
4,167
7,270
7,758
33,334
24,895
33,051
136,383
1,189,593
3,017
24,733
18,316
38,353
20,405
163,200
5,611
89,307
399,082
5,371
65,288
55,383
98,590
7,114
50,862
xl,164
xdef.336
X2.037
x3
32,040
19,287
64,570 def.35,604
16,143
9,357
56,876
X18.878
xl8,269
X79.664
X543.011
20,114
81,166
90,341
465,885
645,400
39,000
16,290
130,894
31,244
32,104
j/13,282
i/58,393
J/11,643
16,766
102.373
12,398
77,333
21,882
154,338
2,631
22,831
7,893
20,244
128,201
12,332
94,663
27,113
163,476
2,704
20,681
12.227
3,454
10,302
26,360
239,210
81,092
X7.381
x5,527
X47.067
X370.966
X160.440
5,387
2,504
X31.868
X263.237
xll5,504
2,697
24,270
3,772
24,473
3.539
16,578
9,431
57,474
10,645
83,710
8,801
79,994
10,483
77,315
3,136
21.343
21,084
145,213
9,408
64,909
22,666
203,658
10,100
80,855
26,525
185,922
X14.729
x8,861
x73,871
x505,039
y55,752
1,781
13,665
8,791
Sept
to Sept 30...
18,703
165,796
11911
66,691
18,842
119,044
25.358
193.996
8,272
X6.419
X5.555
61,281
183,602
1,885
15,149
10,998
79,742
to Sept 30
to Sept 30
to Sept 30
Tampa Electric
Aug
Jan 1 to Aug 31
1
1
Terre Haute Tr
60,792
182,546
1,885
16,164
9,640
76,445
X52.318
X117.981
9.405
91.357
12.917
48.742
X37.106
X78.809
&.
Lt.Aug
41,868
375,299
10,250
37.926
305,943
29.068
222,497
1,662
5,345
£91,841
£817.131
4.752
5,232
174,822
1,007,530
3,704
116,085
880,870
44,635
130,841
X75.466
X115.759
X46.112
X45.466
Jan 1 to Aug 31
Toledo Bowling Green &
Southern
.Sept
5,879
Toledo Rys & Lt
Sept
42,636
Jan 1 to Sept 30
382,190
Troy & New England
July 1 to Sept 30
1,649
Jan 1 to Sept 30
5,332
Twin City Rap Trans. Sept All 03. 208
Jan 1 to Sept 30
£897.008
Utica & Mohawk Valley
July 1 to Sept 30
Jan 1 to Sept 30
S
Previous
Year.
8
33,075
277,571
44,842
133,423
11,171
75,465
12,471
43.559
4,031
d Also include sinking fund charges.
k Charges include dividend on preferred stock.
V After allowing for proportionate earnings of other companies owned
and miscellaneous deductions.
x After allowing for other income received.
ANNUAL REPORTS.
Annual Reports. — The Index to annual Reports
this
week because
of the publication of the
is
omitted
"Railway and
Industrial" Section, which contains references to the reports
of the principal steam railroads and industrial companies
printed in the "Chronicle," not including to-day's issue.
Buffalo & Susquehanna Railroad.
(Report for Fiscal Year ending June 30 1905.)
On pages 1319 to 1324 of to-day's "Chronicle" will be
found the remarks of F. H. Goodyear, Chairman of the
board; also the balance sheet, income account, profit and loss
account, traffic statistics, etc. See also editorial, page "7"
Statistics.
The comparative operations, etc., follow
—
1904-05.
172
1903-04.
173
1902-03.
173
1901-02.
173
285.106
4,900,975
2.792 cts.
1,643,252
39,523,591
1.348 cts.
86,551
82.15
Earns.p.fr't-tr. mile..
Earns .p .pass .-tr .mile. 62.96 cts.
160
Av. train-load tons
Earnings
8
937,135
Freight
Passenger
136,830
55,900
Mail, express, etc
298.563
4,827,629
2.830 cts.
1,327,809
44,491,861
1.765 cts.
85,580
82.20
62.84 cts.
125
275.545
4,320,556
2.957 cts.
1,339,182
43,517,126
1.896 cts.
85,800
82.39
58.01 cts.
126
237,466
3,821,253
2.919 cts.
1,116,526
37,757.996
1.840 cts.
84.844
82.29
50.16 cts.
S
8
S
785,165
136,609
40.922
824,929
127,770
48,053
694,757
111,559
29.432
1,129,865
962,696
1,000,752
835,748
162,926
188,400
300,564
101,355
158,622
126,824
252,966
97,087
150,028
111,911
222,269
84,084
111,287
109,134
189,039
69,018
753,245
635,499
568,292
478,478
(66.67)
(66.01)
(56.79)
(57.25)
376.620
190,861
327,197
173,894
432,460
100,335
357,269
37,672
567,481
501,091
532.795
394,941
192,337
2,408
48,722
Est. deprec. of sec.ow'c
on common (5)175.900
Dividends
preferred
(4)120,000
do
157,384
574
147.903
148,662
1,063
(5)175,900
(4)120,000
(5)175,900
(4)50,983
(5)175,900
539,367
28,114
453.858
47,233
374,788
158,007
325,625
69,316
—
Operations
Pas. carried (revenue)
Pass'gers carried 1 mile
Av.rate p. pass. p. mile
Freight (tons) car(rev.)
do do one mile.
Av. rate p. ton p. mile
Gross earnings p. mile.
—
Total
Expenses—
Maint. of way,
etc
Maint. of equipmentConducting transp'n.
General and taxes
P.c. of exp. to earn'gs
Net earnings
Add other income
Total
Deduct
11,393
X32.482
82,999
411,680
589,391
Net E'ngs.—
Rap Tr
Total
9,290
27,369
79,153
677,944
18,653
150,344
30,255
178,895
231,262
San
Jan 1 to July 31
Savannah Electric
Aug
Jan 1 to Aug 31...
Jose
Syracuse
July
1
Average miles operated
Hudson
July
July
Previous
Year.
8
of
Current
Year.
%
60.560
367.149
& Suburban
Syracuse
Jan
— — Bal.
Previous
Year.
8,275
Seattle Electric
Aug
Jan 1 to Aug 31
—
Current
Year.
Roads.
Ballston Terminal Ry
July 1 to Sept 30
Cal Gas & Electric... July.
Jan 1 to July] 31
_.
Cleveland Painesville &
Current
Year.
S
23.796
198.151
Roads.
& New
Utica & Mohawk Valley, b
July 1 to Sept 30...
Jan 1 to Sept 30...
-Int., Rentals, etc.
Previous
Roads.
$
England. b
16,320
July 1 to Sept 30...
Jan 1 to Sept 30...
28,155
Toledo & Western
Aug
25,961
Jan 1 to Aug 31...
155,128
Twin City Rap Tr.b.Sept
454,061
Jan. 1 to Sept 30
3,482,685
i
Current
fear.
Tear.
Troy
—
Net Earn ngg.-
,
[Vol. lxxxi.
—
Interest on
bonds
Rentals and miscel
Total
Surplus
V. 81, p. 899. 612.
—
Wabash
2
Railroad.
(Report for Fiscal Year ending June 30 1905.)
Secretary J. C. Otteson says in part:
The report, while showing a large increase in gross
General Results.
earnings (81,672,973), also shows a decrease in net earnings of $1,146,962,
—
but an analysis of the extraordinary expenditures charged direct to operating expenses will fully explain the decrease.
The freight traffic statistics show an increase of 7.54% in "tons revenue
freight carried one mile," at an average rate of 0.5834 cents per mile,
a decrease of 9.75%. The total freight train mileage increased 3.01%.
"Passengers carried one mile" increased 44.76% and in revenue $1,872,303, or 26.57%. The rate per passenger per mile was 1.668 cents, a decrease of 0.240 cents.
Operation and Maintenance. Expenses of operation and maintenance
increased $2,819,936. The principal items of increase were as follows:
8235,620
Renewals of rails
212,770
Renewals of ties
—
Renewals of buildings, etc
Maintenance of equipment
Conducting transportation
-
103 ,469
1,101,928
1
,238 ,190
The following work has been done:
1904-1905. Inc. or Dec.
Dec. 226.5
48.5
275.0
870,521
1,088,283 Inc.217,762
1903-1904
No.
new 80-lb.
steel rail laid
cross-ties laid, main track
Miles
Miles track ballasted (stone, gravel
burnt clay, etc.)
Miles fence rebuilt
—
Decrease
in trestles, lin. feet
198.9
106.4
11,868
198.8
248.6
11,579
Inc. 88.
Dec. 289
—
THE CHRONICLE.
Oct. 28 1905.1
Extraord inary Repairs and Renewals, Improvements and Addition*.
Those include:
Repairs and renewals
(chietly bridges, \\har\es and stations)..
Improvements (chiefly bridges and trestles)
Additions
Third vard. side and spur tracks
Interlocking plants
Stations, shops and other buildings, etc
1178,734
256,387
873,068
Buffalo division, extraordinary renewals and Improvements
Reconst ruction
Grand
Omaha
—
$332,131
320,019
20.366
200,522
Second track
95,526
46,756
di\ ision
total
$1,450,471
Rolling Stock. The increase in expenses of car department for the
year can to a great extent be attributed to the fact that 3,045 ears of
different classes were sent to the shops of the American Car & Foundry
Co. for repair or to be rebuilt, and the entire cost of such repairs, 1468,121
is included in operating expenses.
The cost of application of air brakes
to freight cars, vestibules and gas to passenger cars and payments on
account of equipment, psassenger and freight, aggregating S70;>,074,
was also charged to operating expenses. The total amount expended
for repairs of engines was $1,626,093, equal to S3 ,079 per engine.
—
Statistics
compiled
in the usual
form for the "Chronicle"
are as follows:
Road
1904-05.
2,517
—
1903-04.
2,517
1902-03.
2,486
1901-02.
2,483
581
oper. June 30..
Equipment
Locomotives
Passenger equipment.
Freight equipment..
52S
437
488
418
490
396
455
—
18,185
18,332
17,171
17,195
Operations
Passen. carried, No..
5,109,302
6,615.459
6,183,474
5,948,913
Pass, carried 1 mile... 534,569,484 369,283,834 330,111,942 322,708,490
Rate p. pass. p. mile. 1.668 cts.
1.90S cts.
1.859 cts.
1.791 cts.
Freight (tons') cara
10,267,436
9.698,995
8.578,603
9,691.514
Fr'ht (tons) car. 1 m.o 62.339,770
62.175,680 62,198.073 61947,404
Rate per ton p. mile.. 0.5S3 cts.
0.604 cts.
0.646 cts.
0.606 cts.
Rev. tr'n loan (tons).
286
302
285
299
Earn. p. fr. t. tr't mile
$1.7440
$1.8.510
$1.7195
$1.8297
Earn. p. pass. tr. m__
Gross earns, p. mile..
8,917,829
13,650,185
2,128,586
$1,0592
S9.148
1903-04.
$
7,045,525
14,064,657
1,913,444
$0.9684
$8,513
1902-03.
$
6,135,501
13,327,479
$0.9140
S7.S15
1901-02.
$
5,780,241
11,763,541
1.677,851
1,509,711
24,696,600
23,023,626
21,140,831
19,053,493
Expenses
Maint. of way, etc
4,007,506
Maint. of equipment.
4,575.148
Transportation
11,255,672
General
665,118
3,681,608
3,473,002
9,978,629
550,270
3,700,962
3,114,664
8,511,278
488,759
2,918,415
2,656,118
7,829,959
442,944
17,683,509
15,815.662
13,847,436
(72.68)
5,206,057
Earnings
Passenger
$1.1076
$9,811
1904-05.
—
$
Freight
Mail, express, etc
Total
.
,
—
1311
During the year 62.950 feet of new sidings and spurs were built at a
cos! of 193.360.
Forty-one miles of 70 lbs. per vard relaying steel were
laid to replace 56 lbs. per yard section removed.
In repairs and renewals u,427 standard ties and ISO setsol switch ties were used, coating
Forty-three wooden culverts were removed In favor of iron
131,084,
pipe for 25 and concrete reinforced With iron for IS of them; cost SO, 198.
six trestles were permanently tilled, •> new turntables Installed, a new
(75, 000 gallons) tank erected at Houlton: cost $6,830.
New fencing
New stations, (small) engine-house, etc.: cost 110,238.
cost $5,342.
The winter was unusually severe, and minor derailments and delays
were not uncommon, but no serious accident resulted.
New Line. In November 1904 charter was granted to the Northern
Maine Seaport KR. Co. for building a railroad from junction with this
company's line at South La Grange to Belfast and, by spur, to Capo
Construction has since midwinter been actively
Jellison Harbor.
The Bangor & Aroostook BR. Co. is under agreement to
prosecuted.
lease the new line upon its completion.
The transaction will be sub
for comment in the report covering the financial year to June 30 1906.
(The new hue is about completed. See V. 81. p. 263, 725. Ed.)
Repair Shops. An expenditure of $8,889 was made upon preliminary
work for repair shops at Milo Junction.
i
—
—
—
The analysis of the freight traffic for the late year shows
that of the total of 2,281,080,962 pounds carried, potatoes
contributed 417,668,297 pounds, against 336,419,523 in
1903-04; forest products, 918,371,374 pounds, against 828,100,488 pounds; coal, 233,621,991, against 222,284,271
pounds.
Statistics.
—The
earnings, expenses, charges, etc., have
been as follows:
OPERATIONS, EARNINGS, EXPENSES AND CHARGES.
1904-05.
1903-04.
1902-03.
1901-02.
Operations
Pass, carried (revenue)...
529.468
421,763
518,478
481,310
do do 1 mile
20,322,508 20.082,736 18,471,087 16.738,831
Rate p. passenger p. mile. 2.46 cts. 2.45 cts.
2.48 Cts.
2.50 cts.
Rev. freight(tons) carried. 1,213,533 1,097,948
925,611
946,805
do do car'd 1 mile. .122,106,091 99,944,378 85,698,029 84,338,878
Rate per ton per mile
1.22 cts.
1.364 cts.
1.362 cts.
1.351 cts.
—
—
Earnings
$
501 ,095
1.490.889
$
493,534
1.363.435
$
462,732
1,158,399
$
415,218
1,149,008
167,088
158,387
179,037
144,711
Total gross earnings.. 2,159,072
Oper. expert, and taxes
Maint. of way &structs...
331,778
Maint. of equipment
208,492
Conducting transportation
739,551
General expenses
96,892
Taxes
7,931
2,015,356
1,800,168
1,708,937
316,885
159,362
693,109
89,585
7,198
343,699
139,585
576,698
70,577
5,558
378.307
119,847
533,000
70,531
5,279
1.384,644
774,428
7,475
1,266,140
749,216
1,136,117
664,051
1,107,164
601.773
781,903
749,216
664,051
601,773
550,904
482,515
33,161
57,063
414,891
13,909
118,741
(3^)54,250
514,885
37,987
79,500
(3)46,500
710,154
71,746
678,872
70,344
572,739
91,312
547,541
54,232
Passengers
Freight
Mail, express, car service,
rents, etc
—
Total
Total
20,503,444
P. c. op. exp. to earns
(83.02)
6
(76.81)
(74.81)
4,193,156
Net earnings
5,340,117
5,325.167
Three ciphers (000) omitted.
Total net income
—
a Revenue freight only.
Fixed charges
Int on bds. & car trusts.
INCOME ACCOUNT.
1904-05.
.
$
1902-03.
5,325,167
531,428
5,981,465
5,856.595
on bonds
Total
Surplus for year
CONDENSED BALANCE SHEET JUNE
1905.
S
10 727,309
—
750,159
964,438
1,055,154
664,703
898,518
852,711
627.930
805,326
814,740
Assets
Cost of road, etc
Fish River
...
2,769,751
3.211,714
3,092,423
2,415,932
3,440,663
3,034,513
2,247,996
3,376,216
2.964,757
Mat'l, sup. & store
Comp's & Indlvid's
def.l ,459,372
Div. on pf. deb. "A,,.
sur. 119,291
105,000
sur.406,150 sur .4 11,459
210,000
210,000
def. 1.459.372 sur. 119. 291 sur.406.160
sur. 411, 459
RR
Equip, account
Cash
Net
traffic
—
Assets
Road and equipment
Supplies and materials
Cash on hand
Stocks and bonds.
Accounts collectible
Bills receivable
Advances and miscellaneous
Debit profit and lose
Total assets..
—
515,420
178 ,489,898 172,192,303 150,832,203
Common
stock
Preferred stock
Bonds
Interest
Vouchers and pay-rolls
Individuals and railroads
Taxes accrued
Hospital account
Notes payable
Equipment notes
Dividend on debenture bonds
Sale of deb. bonds, Series
30.
1905.
1904.
1903.
$
$
$
145,910,348 145,335,419 143,882,500
1,419,258
1,244,803
1,641,052
1,554,540
1,182,777
987,035
17,662,358 17,661,089
1,553,020
1,349,389
2,204,028
1,375,986
1,975
53,239
1,875
10,076,610
4.166,063
1,735,618
"B"
38 000,000 38,000,000
24 000,000 24.000,000
108 ,887,000 100,513,000
1 ,036,085
963,534
2 ,956,947
3,734,693
481,157
356,055
444,134
388,877
5,538
5,986
250,000
414,000
1 ,980,823
2,311,037
369",238
78,975
Total liabilities
—V. 81, p. 1242, 1176.
Bangor
883. _'vi
2,738,406
369.238
4V.576
1,094.307
Equipment fund account
Miscellaneous
Credit profit and loss
28,000,000
24,000,000
91,949,000
466,'
117
386,338
5,183
23,287
583,030
105.000
369,237
311,960
10,872
969, 'en
.178.489,898 172,192,303 150,832,203
&
Aroostook Railroad.
(Report for Fiscal Year ending
June 30 1905.)
President F. W. Cram says in substance:
There were appropriated from the Improvement
fund, and from
surplus earnings, not included In operating expenses:
For equlpn
$98,402: for additions and improvements to roadway and structures,
$176,742; total, $275,144. These expenditures were made with proceeds from sales of 4% bonds, $170,144; from surplus income as shown,
$105,000.
The additions to the equipment were 6 locomotives, 2 baggage care,
combination, passenger and baggage car and 1 steel pile driver on wheels
complete, the cost of all being $98 402
1
l.636"685
balances
Due from agents..
Suspense accounts.
A roos .No .com .stk
Real estate
309,512
245.453
389,278
117.889
29,151
42,538
17,890
62.105
14,577.816
—Total p. 725. 612.
V.81,
BALANCE SHEET JUNE
Liabilities
105,000
3,059,218
2,009,200
3,468,572
Total
Applicable to int
Balance
Betterments
Dividends
5,624,212
$
826,624
883,624
1,348,970
Tr'k 4 b'dge rentals..
Additions and misc..
Balance
5,340,118
641,347
1901-02.
$
5,206,057
418,155
6,068,418
Total
Deduct
Taxes
.
Miscellaneous
4,193,156
876,262
Net earnings
Inv'ts, rentals, etc. ..
Interest
1903-04.
$
Net earnings..
Otherincome
Atlantic
—
(See Railway
,538.283
W. G.
1904.
$
1,550,000
4
356.650
Indus. Section). 12.292,000 11,887.000
238,165
253,128
384.811 Interest accrued..
121.431
154,752
54.096 Pay-rolls
23,250
32. 163 Miscellaneous
85,801
35.067 Bills payable.
256,186
327,936
34,565 Profit and 106s.
1
17,890
54.850
14,161,835
14.577.816 14,161,836
Total
& Birmingham
(Report for Fiscal Year ending
President
substance:
30.
1905.
Liabilities
$
$
1,550,000
8,878.446 Common stock
775.000 Bonds & car trusts.
1904.
Railway.
June 30 1905.)
Raoul, under date of Aug.
7,
says in
—
General Results.
The purchase of the Brunswick & Birmingham RR.,
was accomplished in due course, and the purchased property is now an
integral part of the railway.
While the delivery of deed was not completed till September, the line was in your hands and operated for your
account since April 1 1904, under the purchase contract. The earnings
and expenses from April 1 to June 30 were accounted for in the settlement of obligations and did not enter into the report for the year ending
June 30 1904. Since that date the earnings and expenses have been incorporated into our accounts, and this report includes the results of
operation of the consolidated properties for the entire year, covering
operated main lines of 337.39 miles, against 220.11 during the year
previous.
When we acquired the control of the Brunswick & Birmingham RR.,
its traffic was in a very backward state of development, owing to the
comparatively short time. the line had been in operation and to its financial embarrassment.
Through a liberal expenditure of money in bringing
up its working efficiency, the ample supply of rolling stock we were able
to afford it, and through the ability of the original line to control traffic
over it, the expected results have been very materially improved upon,
and the combined properties for this first year of their operation fall but
little short of the per-mile result of the year previous.
Bettermenta.
Many of the betterments and additions for improving
But the
the efficiency of the line are still in course of construction.
economy to result should begin to lind expression early in the ensuing
properties during
There has been expended upon the combined
year.
the year for such betterments and additions as create a legitimate charge
against capital account $148,842, of which $75,550 has been upon the
Brunswick & Birmingham. $28,718 upon the Atlantic & Birmingham
and $44,574 for terminal facilities at Brunswick, which will be of joint
or equal benefit to the entire line.
These expenditures have been carried
into "coat of property."
Fire.
During April fire destroyed a large part of our shops at
the net loss, $37,583,
WayCTOBS. After absorbing the Insu
"
en charged off through "profit and lo
Extension.- The original purpose of the com pan; •- to carry Its line
tself at present in
to Birmingham, Ala., and Atlanta, Qa.
Nol
on behalf of
a position to justify undertaking 30 extend. .1 an
the company, your management assented to a proposal made by a numform a new corporation and carry out
ber of the larger stockfa
he extension, with the purpose ultimately in view of consolidating the
—
—
.
•
>
t
THE CHRONICLE.
1312
This new company lias been incorof the Atlanta Birmingham & Atlantic (V. 80,
The
p. 1173), and the work of construction is now well under way.
successful completion of this new line will obviously increase very materially the value of your present property.
In order to assure a consistently maintained policy,
Votiny Trust.
some of the larger stockholders in your company came to a private agreement between themselves, in which all other stockholders have the right
of entering likewise, by which a voting trust was created to extend for
Depositary,
five years, unless sooner dissolved by the voting trustees.
Farmers' Loan & Trust Co.; trustees, W. G. Kaoul, II. M. Atkinson,
Gordon Abbott and Percy R. Pyne. This action is entirely independent
of your company as a company.
The stock already transferred to the
voting trustees amounts to something over three-fourths of the total
capital stock.
Certificates of ownership have been issued therefor.
two companies on equitable terms.
name
porated under the
—
'
The number of passengers carried one mile was 9 ,874 ,009;
average rate per mile, 2.55 cents; tons one mile, 54,104,250;
average rate per mile, 1.26 cents; number of tons per freighttrain mile, 156.47.
EARNINGS, EXPENSES AND CHARGES.
Earnings—
1004-05. 1903-04.
$681,048 $444,785 Net earnings
Freight
251,748 193,751 Other Income
Passenger
68,116
Mail.exp.. mlscl., etc
33.693
Total
Gross earnings ...$1,001,512 $672,229
Maint.ofway
Malnt. of equipment
Cond'g transp'n
•
Gen. expen
Total
1904-05. 1903-04.
$321,084 $223,142
5,950
2,907
$205,592
26,303
14,547
$80,776 Taxes
84,249 Int.anddLsc'ts
254,492
29,570
Total
Surplus
$680,428 $449,087'
BALANCE SHEET JUNE
$95,300
15,246
7,636
$246,442 $118,182
$80,592 $107,866
30.
1905.
1904.
1905.
1904.
$
Liabilities$
$
$
Road and equip.. .10,684,343 7,100.123 Pref. stock..
1,969.900 1,320,000
Securities owned.. .
204.620
288.000 Com. stock
4,923.800 3.300.000
Mat'lsandsup.
32,203
17,599 Bonds...
4,090,000 2,040,000
778,642
Trust equip
627.109 Equip, oblig'ns
460,287
450,837
67,806
Cash
52,349 Bills payable
100,000
235,000
102,925
Cash for Int
58,800 Int. due July 1
102.925
58.800
24.462
Agents &cond
25.662 Audited vouchers..
73,473
80,385
Individ, and cos..
24,227
59,848 Pay-rolls (June)...
39.649
37.626
Mlscellaneous
31,304
18,446 Taxes & mlscel
39,684
17,421
Profit and loss
150.874
107.866
Assets
—
.
Total assets
—V.
|
11,950,593 8.247.936
Total liabilities.-ll.950.593 8.247.936
80, p. 1173.
Louisville
Henderson
&
St.
Louis Railway.
(Report for Fiscal Year ending June 30 1905.)
This road recently passed under the control of the Louisville & Nashville (V. 81, p. 1100).
President Attilla Cox
says in substance under date of Sept. 5:
New Line. At a meeting of the directors held Dec. 20 1904 it was
ordered that the extension of the road from Howard Station, about
18 miles from Louisville, Ky., to a connecting point on the Louisville &
—
Nashville RR. at Strawberry Station, near the city of Louisville, be
constructed, and that the $300,000 of bonds authorized by the mortgage
be issued and sold, the proceeds thereof to be used for this purpose, also
to acquire additional property in the city of Louisville for terminal uses
of the company.
This work is being prosecuted, and the road will be
completed and ready for operation by Jan. 1 1906. (The construction
expenses for this new line aggregated during the year $151,474. Ed.)
Physical Condition. Seven hundred and sixty-two tons of new 70-lb.
steel rails have been laid in main track; 16 miles of track re-ballasted;
69,914 cross ties renewed; 18 miles of new right-of-way fences built;
1,580,865 feet B.M. of timber used in renewal of trestles. The motive
power has been increased by one small second-hand locomotive. The
locomotives are all in good condition to run from one to three years without extensive repairs, except four, one of which is in the shops undergoing
repairs, and the other three will shortly need overhauling.
Nearly all
of the passenger cars are old, but may be said to be in good condition
considering their age. A large portion of the freight equipment is old.
—
—
Earnings,
&c,
for four years past
and balance sheet follow:
EARNINGS. EXPENSES AND CHARGES.
1904-05.
Passenger
_
$357,917
Freight
532,734
Mail, express and miscellaneous 38,036
Earnings—
Total
1903-04.
1902-03.
1901-02.
$319,386
539,046
37.538
$282,188
488,789
37,571
$259,290
401,603
35,171
$696,064
$928,687
$895,970
$808,548
$118,284
91,929
447 ,025
30,847
$109,764
88,740
410,792
29,775
$100,580
90,332
356,627
29,315
$96,176
74,857
314,109
30,628
$688,085
$240,602
$639,071
$256,899
$576,854
$231,694
$515,770
$180,294
$78 ,989
135,899
$119,252
130,000
$42,371
127,500
$37,941
126,000
$214,888
Surplus from operation. ... $25,714
$249,252
$7,647
$169,871
$61,823
$163,941
$16,353
—
Expenses
Maint. of way & structures
Maintenance of equipment
Conducting transportation
General expenses
Total
Net earnings
Deduct
—
Improvements
Interest and taxes
GENERAL BALANCE SHEET JUNE
—
1905.
1904.
Assets
$
$
Road and fixtures ..5 ,944.484 5.776.927
Rolling stock
528.152
526,939
Coal lands
45,133
Cash
259.261
68,933
Stock owned
23,800
ReaWestate
2.272
Due from agents, etc. 25,156
28,855
Materials & supplies.
20,269
16.308
Bills receivable
1,000
0,000
Bonds on hand
73.000
15.001
Bonds dep. as coll... 100.000
Total assets
0,877,394
—V.81, p. 1100. 975.
0,484,090
Detroit
&
30.
—
1905.
1904.
S
S
2,000,000 2.000,000
2.000.000 2,000.000
1st mortgage bonds.2,500,000 2,200.000
Interest on bonds. -.
60,302
57.050
Aud. pay-rolls, etc.. 151,659
87.084
Taxes accrued
8,714
8.112
Net traffic balances.
12,399
1,739
Bills payable
100,000
25,000
Surplus
144,261
104,511
Liabilities
1 baggage, mail and express car, 1 baggage car
and 2 heavy locomotives. These were received too late to add to earnings this year, but
have been of great help during the summer. There were ordered during the year, and received after its close, 200 box cars, 25 furniture,
50 single deck stock cars and 100 gondola cars.
Improvements, Etc There were ordered and used on the south end
of the road 4,000 tons of 85-lb. steel rail.
The 70-lb. rail replaced by
this heavier rail was used south of Cheboygan to take the place of 52
and 56-lb. rail, so that now we have the entire road laid with 70-lb. or
heavier rail.
Our steam shovel was kept at work putting on ballast.
The concrete gang worked steadily putting in permanent culverts and
cattle guards in place of wood.
Change in Tonnage. Attention is called to the decrease in the percentage of our business under the head of "products of forests." Last
year it was 61.72% of our freight business; this year it was 55.62%
and for the year ending June 30th 1896, it was 91.45%. "Stone, sand
and other like articles" have grown from 0.19% in 1896 to 13.70%
this year.
"General merchandise" from 3.49%
to 16%. Cement,
brick
and lirne, from which we are ultimately to get a large
revenue, show for the year only 1.09%. The decrease in coal tonnage
(from 123,656 tons to 50,180 tonsi is accounted for by the fact that a
large amount of coal mined at West Bay City, for which we used to
receive a small tonnage charge, is now hauled by the Pere Marquette
in train-loads over a short piece of our track under a leasing agreement.
—
—
Common
stock
Preferred stock
Total liabilities... 6,977, 394 6.484,096
Mackinac Railway.
(Report for the Fiscal Year ending June 30 1905.)
President and General Manager J. D. Hawks, under date
of Sept. 18, says:
General Resul's. The road has had another good year. The Cheboygan
extension was opened July 4 1904. It takes time for the traveling and
shipping public to get acquainted with a new line. Cheboygan is a comJieting point by water and rail. Many of our old rates had to be re-adusted and it took part of the year to work up to the new rates, as the
Cheybogan business did not at once compensate for the necessary reduc-
—
—
The operations, earnings, etc., have been:
OPERATIONS, EARNINGS, EXPENSES, ETC.
Statistics.
$143,598
124,732
358.851
53,247
lxxxl
car,
$327,034 $226,049
—
Deduct
Interest on bonds
[Vol.
1904-05.
337
330
271,306
9,712,072
2.172 cts.
886,316
70,049,694
0.974 cts.
250,101
8,777.980
2.147 cts.
842,092
59,547.341
1.207 Cts.
239,644
53,093
292,952
10,025,563
2.191 Cts.
872,768
68,731,353
1.011 cts.
$
697,281
224,414
59.620
682.270
215,236
56,202
639,164
192,372
30,656
990,555
981,315
953,708
862,192
186,828
113,370
306,813
28,060
171,771
108,796
297,886
24,704
157,693
86,091
305,879
26,986
206,531
85,555
264,542
23,664
635,071
355,484
603,157
378,158
576,649
377,059
580,292
281,900
92,000
70,504
4,990
(5)47,500
92,000
70,380
92.000
90,494
Cr.932
109,500
23,573
30,104
205,312
171,747
163,177
118,723
—
Passenger
Mail, express, etc
—
Expenses
Maint'ce of way, &c._
Main, of equipment..
Conduct'g transp'n..
General
Total
Net earnings
Deduct —
on funded debt..
Taxes
Int.
Miscellaneous
Div. on pref stock
.
.
$
211,677
166,481
CONDENSED BALANCE SHEET JUNE
1905.
1904.
Liabilities
600,000
57,332
37,102
47.160
50.573
Cash
Coupon account
Current accounts
Miscellaneous
—V. 81, p. 1242.
1905.
1904.
$
$
2,000,000 2.000.000
950.000
950.000
Funded debt
2,900,000 2,850.000
Notes payable
50,000
Interest
47,160
46.340
Audited vouch, etc.. 246,361
82.176
Taxes and miscell... 170,216
132.410
Ry.
Bonds
Mat'ls and supplies.
Total assets
30.
—
4,890,020 4,882,725 Common stock
641,221j 677,305 Preferred stock
Road
Equipment
& M.
$
1,797
(5)47,500 (2^)23,750
214,994
140,490
Total
Balance, surplus
Tt. Det.
1901-02.'
330
—
Total
1902-03.
1903-04.
Miles operated
330
Operations
Pass, carried (No.)
314,884
Pass, carried 1 mile.. 11,517,383
Rate p. pass. p. mile.
2.038 cts
Freight (tons) carried
910,840
Fr'g't(tons) car. 1 m. 74,456,615
Rate per ton per mile 0.933 Cts.
Earnings
$
Freight
697,818
1,248
550,000
62,794
15.266
46,340
42,488 Profit and
495
count
Total
6,324,055 6,277,412
loss
ac-
10,918
166.480
liabilities. .. 6.324.655
6,277,412
American Shipbuilding Company.
(Report for Fiscal Year ending June 30 1905.)
The report, signed by W. L. Brown, Chairman of the
board, and James C. Wallace, President, says in substance:
The end of the sixth fiscal year of the company finds it with a
General.
larger volume of business under contract and in prospect than in any year
The capital stock remains unchanged from last
since its organization.
Regular quarterly dividends of 1M% have been paid on the preyear.
and quarterly dividends of 1% per quarter have been
ferred stock
resumed on the common stock.
These include
Properties Owned and Controlled.
—
—
—
Cleveland, Ohio. Construction yard, machine shops, foundry, boiler shops,
Construction yard, one dry dock, one dry
(2) Lorain, Ohio.
three dry docks.
dock under construction, machine shop. (3) Detroit, Mich. Machine shops,
(4) Wyandotte. Mich.
boiler shops, foundry, brass works, three dry docks.
Construction yard, machine shops. (5) Superior, Wis. Construction yard,
III.
Construction yard, machine shop,
machine shop, two dry docks. (6) Chicago,
one dry dock. (7) Milwaukee, Wis. Machine shop, two dry docks. (8) Buffalo,
N. Y. Construction yard, machine shop, four dry docks. (9) West Bay City,
Mich. Construction yard, machine shop.
(1)
—
—
—
—
—
—
—
Owing to the sizes of the vessels on the Great Lakes continuing to
increase, it has been thought advisable to rebuild the South Chicago
plant, which is being done as rapidly as possible, and will be completed
It has also
within thirty days, ready for building the largest size vessel.
been deemed advisable to double the size of the Lorain plant. Contract
has been let recently for a new dry dock at that plant, which will be 700
feet long and 125 feet wide, supplied with all of the latest appliances, and
to put this plant on the basis where four ships up to 700 feet long by 65
beam can be built at the same time.
The construction during the last year has been composed mostly of
ships that will range in carrying capacity from 8,500 to 11,500 tons, and
feet
the tendency seems to be growing to increase the size of the vessels. Contracts recently closed by the company show that there will be at least
two new vessels turned out during the coming year of approximately
The company has now under contract 21
13,000 tons capacity each.
steamers, all for delivery next spring. In addition to the new tonnage
contracted during the past year, the company has cut apart and lengthened seven steamers 72 feet each; and from present inquiry it looks as if
there would be a large amount of this class of work done during the
coming winter. To provide for the larger construction, enlargement
of drv docks and additional modern machinery is essential and must be
provided, to keep the company's plants up to the highest efficiency.
The
earnings, balance sheet, etc., follow:
1903.
1902.
1904.
29
41
36
20
166,000
198,500
206,000
164,400
$1,549,451 $1,028,175 $2,212,840 $2,507,551
Net earnings
$553,000
$553,000
$553,000
Div. 7% on pref. stock... $553,000
(4)304,000 (1) 76,000 (3)228,000
Div. on common
420,294
209,718
418,526
315,409
Depreciation & maint'ce..
200,000
Reserve for maintenance. .
150,000
Reserve Buffalo mortg'ge.
78,330
372,559
40,692
Repairs to dry-docks, etc.
1905.
Vessels built (No.)
Carrying capacity, net tons
tions.
The small
increase in
that
the industries along the
part of the year, 1 cafe
reached
its limit in
gross earnings does not mean that the road has
direction.
Scarcity of cars was badly crippling
road, and so there were added during the latter
coach, 1 parlor car, 12 day coaches, 1 smoking
Balance, surplus
$336,350
$111,127
$640,755 $1,184,257
stock charged above
The dividend of 4%
against the earnings of the year 1904-05 was declared on
on the
common
•
.
THE CHRONICLE
Orr. 28 19U5.]
July 19 1.905, payable in four quarterly instalments of 1%
Coming once the end of the
each, ending Sept. 1 1905.
fiscal year, it is not mentioned in the present annual report.
BALANCE SHEET JUNE
190-1.
190;'..
30
1905.
—
1904.
Liabilities
5
t
$
$
property. 10. 397. 0J; 15.418.561 Stock, preferred .. 7.900.000 7.900,000
common... 7.000.000 7.000.000
Sunk,
47.344
AddttusA Improv.
523,735 Accounts and bills
532.829
Materials on band.
payable
1.617,689
966,838
Accounts and bills
306,331
2.70S.60O 2.63
Reserve funds
receivable
T4.31S.793 8,678,448
tiSfi.094
779.052 Surplus
Cash
Work under const. 1.400.029 1.1SS.607
Tot. liabilities.. 21.742.823 20.578,901
21.742.S23 20.57S.901
Total assets
Assets—
Plants
A
x Before allowing for common stock dividend of
1905. See above.— V. SI. p. 1102.
4%
Pogson, Peloubet & Co. certify that the above balance
sheets of Aug. 31 1905 show the financial condition of the
said companies, and that the foregoing statements for the
showing (1) net Income ($150,278) received
half-year 1905
by the Corn Products Co., (2) total net profits ($288,955) of
the said constituent cos., and (3) net income ($252,659)
to which, exclusive of the results of the New York Glucose
are correct.
Co., the Corn Products Co., is entitled
V. 81,
p. 670.
—
—
International Paper
President
American Type Founders Company.
—
annual report. These plans involved the standardization of many of
the most desirable faces taken over from the several foundries, as well as
some of the earlier products of this company. In connection with this
work a lar.ee number of new faces have been cut and have met with
pronounced success. The advantages of this work have .already appeared, but the change has made necessary the casting of a large stock,
which is shown in the considerable increase In the merchandise Inventory.
We are rapidly reducing the duplicate stocks and our cash requirements
for manufacturing purposes will therefore be reduced this year.
Dunns: the year the company has proceeded to the consolidation of its
type-founding pi ants, but it has not been practicable, owing to the training
of additional employees at the new plant in certain depeartments to
complete the work, and considerable of this work will be carried on this
Hugh
J.
$15,000 bonds at that price.
Outlook.
The company's condition is excellent, and the business for
August, the last month of the last fiscal year, and for September, the
first month of the current year, shows a large increase in sales of our
standardized faces, and it is" reasonable to expect that a similar increase
will be shown throughout the coming year.
—
Statistics.
— A comparative statement for four years shows
the following:
—
1903-04.
1902-03.
Moating debt and reimbursing its treasury for money heretofore taken
from earnings for the purchase of woodlands and for additions and improvements to various of its mill plants. The discount and cost of
soiling these bonds, 3750,000, has been deducted from the net earnings,
Its
leaving the net amount carried to surplus account for the year $43,715.
Directors have deemed it best to charge oil this amount at once
rather than distribute it over a term of years.
The
The earnings and balance sheet follow:
EARNINGS, EXPENSES AND CHARGES.
S434.974
97,587
20,304,514
19,719,420
17.640,198
17,150,531
16,529,310
16,818,225
Taxes, insur. and int.
3,268,468
1,130,350
3,153,983
1,092,323
3,613,461
1,082,927
2,901,195
1,003,740
Balance
Di vs. on pf stock,
6%
2,138,118
1 ,344,402
2,061,660
1,344,402
2,530,534
1,344,402
1,897,455
1,344,402
Surplus for year...
Previous surplus
793,716
5,976,431
717,258
5,259,173
1,186,132
4,073,041
553,053
3,519,987
6,770,146
750,000
5,976,431
5,259,173
4,073.041
on bonds.
Surplus June 30...
6,020,146
5,976,431
5,259,173
4,073,041
div.
4%
Surplus
$41,806
BALANCE SHEET AUG.
31.
1905.
—
—
S.645.S30
Total
—V.
Total
.962,893!
$126,302
8101,836
$75,514
1905.
1904.
Liabilities
$
$
Plant
3,919.811 3.773,319 Capitalstock.com -.4
Mercb. A raw mat.. 2, 453, 527 2.225,655 Capital stock, pref..2
Miscellaneous
207.722
206,080 Debenture bonds
Accounts receivable. 884.659
800,421 Accounts payable
Bills receivable
574,910
486,266 Bills payable..
Cash
159.483
139,207 Scrip
8tocks and bonds... 424.318
331.945 Surplus
21,400
Bond sinking fund..
Assets
Grossincome.
Cost of raw materials
manufacturing, etc
Net
.
$404,656
103,129
$301,527
S329.514
8346,949 $337,387
$160,000
$160,000
$160,000 $160,000
Preferred stock dividends. (7)127,708 (7)111,435 (7)75,551 ( 1^)15,225
Net earnings
Common stock
1904.
$
$
000.000 4.000,000
000.000 1.04N.S00
900.000
900.000
195,933
175.765
956.828
650.000
46.428
541,900
9,363
583.706
dis.
8,645,830 7.962.893
Corn Products Company.
(Report (or Half-Year ending Aug. 31 1905.)
The report issued on Tuesday shows:
INCOME ACCOUNT OF CORN PRODUCTS CO. FOR HALF-YEAR ENDING
AUGUST 31 1905.
1905.
$
—
Assets
Mill plants
and water powers
Woodlands
sundry corporations.
Patents
furniture and fixtures
Securities of
Cash
Accounts and notes receivable
Inventories of mdse. on hand and
advances for wood operations
Total surplus as per bal. sheet
$2,509
PROFIT AND LOSS ACCOUNT OF GLUCOSE SUGAR REFINING CO AND
NATIONAL STARCH CO. FOR HALF-YEAR.
—
$752,993
CORN PRODUCTS
CO.
$288,955
Total net profits
SHARE OF PROFITS.
Of the above
total net profits the Corn Products Co., based on
ownership In constituent companies. Is entitled to
Less Management and other exp. of Corn Products Co
Interest paid by Corn Products Co
its
—
come to
which Co.
is
CO.
Aug. 31.
1905.
$
BALANCE SHEET.
.FV&. 28.
1905.
—
0,308
$252,660
entitled for half-year
CORN PRODUCTS
Atseu
stock
.....$285,968
$26,940
Aug. 31.
—
1
Feb. 28.
1905.
'>!,-,.
$
$
Cost of securities.. 72. 596.245 72.596.245 Preferred stock... 27, 380. 740 27.380.740
stocks conSundry
Common stock
45,215.505 45.215,505
stltui-v
t
1,000.066
996,617 Surplus cash from
7:;''. 736
413
Accu. receivable..
organization ...
739,730
Bank loans
Cash In banks and
400.000
350.000
inls payable.
on hand
82,441
281,331
Liabilities
I
.lis
Total
.73.691,079 73.874.606
profit
CONSOLIDATED BALANCE SHEET OI GLUCOSE SUGAR It
AND NATIONAL BTARCH CO. AUG. 31 1905.
Assets—
i
$
"lea and plant*...
50.
-1
assets (supplies on
hand, expenses paid in ad-
Curn-nt
hand
assets
I
Bonds
(Inc.
Cum
on
— product reaccounts
1
I
I
NINO
Liabilities—
stock
7,293,000
In sink, funds).
iied
hut
Surplus (on basi
iwn,'
Corn 1'ruducU
1.760.922
Co.'slnt. Is $1.754,656)
1
-
Total
•.
63.991.072
The figures of the \>w
consolidated balance sheet and profit and loss acconot nosing for audit until Dec II
—
4,770,011
3,067,381
3,696,955
61,434,637
60,753.878
17,442,800
22,406,700
17,866,000
1,446,609
17,442,800
22,406,700
12,822,500
2,460,216
17,442,800
22,406,700
12,889,000
2,405,637
352,804
6,020,147
325,990
5,976,431
350,568
5,259.173
61,434,637
60,753,878
Liabilities
Common stock.
Bonds
Notes and accounts payable
Accrued interest, taxes and water
rents not due
Surplus
Total..
—V.
80, p. 2624.
Greene Consolidated Copper Company.
(Report for Fiscal Year ending July 31 1905.)
President
substance:
W.
C. Greene, under date of Oct. 11, says in
—
General Results.
The production for the year was 64,211,895 lbs. of
having a gross value, including gold and silver contents, of $9,468,734, as against 56,239,672 lbs. in the preceding year of a gross
value of $7,390,338 and 43,228.120 lbs .in 1 903 of a value of $5,706,192,
and 12,586.841 lbs. in 1902 having a value of $1,703,654, making a total
production for the four years during which the company has been in
operation of 86,375 tons of returnable fine copper of a total value of
824,268,917.
The capital expenditures were $852,995, as compared with $1,200,162
in the preceding year and $1,796,728 for the fiscal year ending July 31
1903.
The average price received for copper sold during the year was 14.257
cts. per lb., the highest average monthly price being 15.077 cts. per
Six divilb., while the lowest monthly average was 12.671 cts. per Lb.
dends, aggregating 81,900,800, were paid, as against 8259,200 paid the
preceding fiscal year and $432,000 in the year ending July 31 1903,
your company having paid a total of $2,812,000 in dividends to July
bullion,
31
1905.
—
The balance sheet as of July 31 1905 shows total
current liabilities (not including capital stock) of $1,517,278 as against
current assets of 12,605,252 and investments at Cananea of $16,213,873.
In the balance sheet qo account is taken of the ore reserves, which have
a value of many millions of dollars.
Improvements. The additional betterments now* un
ugly
material]
e the tonnage that can be bandied and cot
Hi.
fl
Although the amount Ol ore
cost per ton of treating ore.
treated has very largely increased facilities for handling a larger tonnage
tomoretl
been provided and the mines are o
miles of unaermeet any demand
We now have
ipon them.
ind work, exposing ore sufficient for many years ol
Our policy Is to maintain a uniform production, and as tne capacity
'"'"
of the Plant ia larger proportion ol lo
«" tneian
ted, the average copper extraction per ton ol oi
per ton,
Balance Shed.
i
m
•
«
53.991.072
l
—
42,030,173
4,015,044
5,621,487
12,000
37.003
848,605
4,492,611
42,115,601
4,165,145
6,024,693
10,000
35,449
780,565
5,235,802
:
647,350
2
1903.
$
l
'
(at cost),
ceivable, cash, etc
CO.,
$
bunds not assu'd
Is.
30.
1904.
$
—
73. 691. 070 73.81
Total
$
65,535,060
.
Gross profits from operations... $744, 799 Less Repairs
..$213,675
Interest received and discount on
Newcohstr'n in lieu of deprec. 48,289
bonds purchased for sink. f'ds.
Interest on bonds, etc
202,074
8.194
42,624,180
4,191,158
7,820,295
8,000
33,732
861,725
5,225,959
1901-02.
65,535,060
Total
—
Total
s
BALANCE SHEET JUNE
Div. and prof, from constlt. cos. $183. 5861 Dividends on pref. stock (1%). .$273,790
Deduct
Management and other expenses $26,940
Balance for half-year
def.$123,512
126,021
Interest, net
6,368 Balance brought forward
$150,278
1903-04.
Preferred stock
81, p. 1243, 9/6.
Net Income
1904-05.
%
20,908,666
1902-03.
%
20,142,771
1901-02.
3439,223
92,274
1904-05.
S434.471
104,956
June 30 1905.)
Chisholm, under date of Oct. 25, says:
—
Deduct
Gross earnings
Interest charges...
Company.
General Results. The net earnings In excess of dividends on the preferred stock amounted to $793,715, or a small gain over the net earnings
Prices were well maintained, and the company has
of the previous year.
been successful in obtaining fairly satisfactory contracts for all of Its
It is the aim of the company
product for the next eighteen months.
to keep the quality of its product at such a standard that it will at all
The contimes command the preference and a commensurate price.
dition of the plants has been steadily maintained and improved, and the
plants in general are now at a higher standard of elliciency than ever
before.
Bonds. During the fiscal year of 1905 the company issued and sold
85,000.000 consolidated mortgage bonds for the purpose of canceling
year.
The company, after paying interest on its bonds and other indebtedness, and charging off $12S,921 for current repairs, replacements and
improvements, has paid 7% cash dividends upon its preferred stock and
4% cash dividends upon its common stock, leaving for surplus 841,806.
The annual payment for the retirement of bonds Has been made to the
trustee, who. for the first time, was unable to buy the full amount of
bonds desired at 105 and accrued interest, and was obliged to draw over
—
(Report for Fiscal Year ending
($304,000) declared July 19
(Report for Fiscal Year Ending Aug. 31 1905.)
President K. W. Nelson, under date of Oct. 14, says in
substance:
ml lusults. The volume of business increased slightly over the
The net profits, however, decreased somewhat, chieily
previous year.
owing to additional expense in carrying out plans outlined In the last
1313
',
.
>Wb of that
company
i
be readily done.
The
facl
ontinu.-
that
I
continuously
THE CHRONICLE
1314
decreasing grade of ore, gives the strongest possible assurance as to
the future of the property.
The feasibility of obtaining electrical power from the Yaqui River
has been taken up, and it appears practicable to obtain from this source,
at very much less cost than is possible from steam at the high prices
we are compelled to pay for coal, power for our operations.
Timber. Owing to the extent of our ore bodies at Cananea, a very
large amount of timber is used, our present lumber consumption being
at the rate of 40,000,000 feet per year.
As the price of lumber is continually rising, it would seem advisable for the company to secure sufficient timber to guarantee the supply for the future of the large amount
of lumber required, at a minimum cost.
Stockholders.
The number of stockholders has increased from 3,219
to 5,220.
In view of the many statements that have been circulated
as to the acquiring of large holdings by certain interests, it is but justice
to the stockholders to state that the stock books show but three stockholders who have personal holdings of more than 10,000 shares each,
while the amount of stock held by brokerage houses is much less than
ever before.
—
—
CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR YEARS
ENDING JULY 31 (U. S. CURRENCY).
—
Production, etc.
Fine copper, pounds
1904-05.
62,839,510
437,308
Gold, ounces
3,861
Gross value of foregoing
$9,468,734
Av. price reed.- for copper per lb. 14.257 cts.
Profit and loss account
Gross proceeds of copper sold
$11,095,699
Selling and shipping expenses..
272,206
Silver, ounces
55,014,339
479,350
3,752
$7,390,338
of sales of cop.$10,823,493
Net value of copper on hand
Proceeds of sales of silver and
net value of silver on hand
Proceeds of sales of gold and net
value of gold on hand
2,391
$5,706,192
12.78 cts.
$6,901,585
176,344
on
$6,725,241
1,887,256
_ <u
cm
233,038
305,723
77,227
92,292
$11,133,758
8,159,638
$9,010,513
7,227,552
$1,782,960
14,804
$1,797,764
$1,522,682
$87,807
107,315
$164,366
159,139
$303,446
122,913
—
Interest , discount, etc
Depreciation, reduction of inventory, etc
•a
<u
«
a>
c 2
<0 S3
Balance for year.
506,932
275,858
$44S,927
$1 163 ,787
,
$388,645
—The dividends charged
and Nos. 9-12,
Note.
against 1904-05 are: No. 8, $259,200
$345,600 each; total, $1,641,600.
The company sold during 1904-05 all the fine copper, viz., 62,839 510
lbs., produced during the year; also all the 15,169,653 lbs. carried over
from the preceding year, except 17,217 lbs. used in company's brass
foundry; total sales 77.991.946 lbs.
CONSOLIDATED BALANCE SHEET JULY 31 (U. S. CURRENCY) INCLUDING GREENEiCONSOLlDATED COPPER CO., CANANEA CONSOLIDATED COPPER CO., S. A. BANCO DE CANANEA
AND MERCANTILE DEPARTMENTS.
1905.
1904.
Assets—
&
S
Liabilities
Invest, of capital. .15,213, 874 14,431,149 Stock Greene Con.
—
Greene Con. Cop.
Co. stock at par.
8,000
Mat'ls & supplies. 1,391.170
Net equity In »r«
on hand, etc
473.257
237,033
215.051
Bills receivable
receivable.
Cash in banks and
on hand
280,735
77.758
Miscellaneous
1905.
$
1904.
$
Copper Co
8.640.000 8,640,000
8,000 Surplus invested.. 15,680.079 15.680 079
925,561 Bills payable
381,712
311,194
Accounts payable.
417,274
465.244
913.812 Accrued labor
207,150
177.727
346,865 Deposits in Banco,
253,238
de Cananea, etc.
494.400
363,472
Store orders out'g.
16,742
15,309
269,259 Res'v's from rev.
555,159
905.145
42.206 Surplus
1.504.368
591,919
Total
17,896,884 17,190.090
Total
17,896,884 17,190,090
x Invested In permanent improvements having been realized as'follows Premium
on shares issued $3,528,245; proceeds of 182,500 shares donated to the company bv
W. C. Greene, $2,151,834; total, $5.680,079.—V. 81. p. 1177, 1045.
—
as follows:
1904-05.
Standard Milling Co
N. W. Con. Mill Co
1903-04.
$102,704
92,430
268,668
loss 72,056
H.J.J. M. Co
Dul. Sup. Mills Co
profits
$116,790
488,796
425,409
53,218
Changes.
Dec. $14,086
Dec. 396,366
Dec. 156,741
Dec. 125,274
$391,746
180,209
(2%)137,757
Balance
Dividend pref. stock
Insurance fund
Balance, surplus
$914,374 Dec. $702,837
(1%)68,867 Inc.
68,890
25,000 Dec.
25,000
$73,780
$820,507 Dec. $746,727
--
—
$1,084,213 Dec. $692,467
169,839 Inc.
10,370
$211,537
Interest on bonds
1905.
$
BALANCE SHEET AUG .31.
1904.
1905.
Assets
Liabilities
$
$
Plant, trade marks.
Preferred stock... 6,900 000
good-will, etc.. 7,905,104 8,052,518 Common stock
4,600 000
Cash
406,6211
50,817 First mort. bonds. o3, 837. 000
Bills receivable...
170,837)
Interest accrued..
60.950
Surplus earnings. _dl,384, 157 1,429 240 Insurance reserve.
174,109
Net avail, assets at
Surplus earnings
branches
392,672
384,925
account
1,390,961
Rent due from N.
Miscellaneous
24,354
Investments
Insurance fund
7,500
S430.229
A449.109
76,803
Miscellaneous
Secur. covered by
1st mort. bondsx 5,584,340
Sinking fund
180,000
Total
Total surplus July 31 1905 $22,151,946; capital stock,
$74,000,000; net assets, $96,151,946.— V. 81, p. 1244.
—
1904.
$
6,900.000
4,600,000
3,537,000
56.613
12o,210
1,317,181
7,500
454,833
398,210
21,961
5,599.000
135,000
16,987,375 16.534,004
Total
16.987.375 16.534.004
a Authorized issue. $6,250,000; held in treasury to take up outstanding H. J J M
Co. and N. W. C. M. Co. bonds, $2,213,000; balance outstanding. S3 837 000
tf Northwestern Consolidated Milling Co., $850,787; proportion
of surplus earn•
ings of Hecker-Jones-Jewell Milling Co., $533,369.
n Capital stock— Duluth-Superior Milling Co $250,000; 5 p. c. debenture bonds
North western Consolidated Milling Co., $175,000; Ellicott Warehousing Co. stock
$4 000; Miscellaneous, $1,229.
k Deposited with Metropolitan Trust Co. 5 p. c. debenture bonds. Northwestern
Consolidated Milling Co., $275,000; cash, $174,109.
.
—
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Alabama New Orleans Texas
—Position
&
Pacific Junction
—
Railways
Respecting Dividends.
Secretary B. R.
Tomlinson of London, acting under order of the Board of
Directors, has sent to the shareholders a circular dated Oct.
9 explaining the reasons for considering it inadvisable to
reduce the capital stock in order to hasten dividend distribution.
The circular closes as follows:
"The board therefore definitely recommends the shareholders not to take
action, but to wait till the sum of £111,427 now standing to
the debit of profit and loss account has been finally wiped
out by the accumulation of surplus earnings, a result which,
barring unforeseen circumstances, should be obtained by the
end of next year, and they will then be prepared to recommend that any surplus over and above fixed charges be paid
to shareholders by way of dividend, after reserving in each
year such an amount as will, by the process of an accumulating sinking fund, amortize the sum of £471,946 (representing 'discount on debentures' due in 1940, etc.) within
Limited.
thirty-five years; this
would absorb ab out £6,500 a year M
V.80,p. 1478.
Atlanta Birmingham
report of Atlantic
&
—
—
—
—
New Line. See
on page 0000 of this
Atlantic Ry.
& Birmingham Ry.
issue
—
Atlantic Coast Line RR.
Acquisition.
The company has
purchased the Conway Coast & Western RR., extending
from Conway, S. C, to Myrtle Beach, 15 miles. An extension will be built from Conway to Aynor Tract, about 15 miles.
V. 81, p. 1174, 263.
—
Standard Milling Co..
{Report for Fiscal Year Ending Aug. 31 1905.)
results for the years ending Aug. 31 1905 and 1904
Consol
435.742
5,919,924
Tot. disbursements$22,787,451 $21,047,105 $19,622,994 $17,582,152
Surplus
$4,134,572 $3,741,625 $3,497,720 $3,015,751
211,557
Total deductions
$195,122
$830,437
$702,217
on operation for year
$2,805,387
$967,327
$820,465
Dividend (see below)
(19%)1,641,600 (6%)518,400 (6%)431,820
W.
$9,317,584
1.908.902
.
figs'
Profit
Net
Company.
1904-05.
1903-04.
1902-03.
1901-02.
Cars made (value). ..$16,512,387 $22,838,400 S22, 546,878 $19,416,021
Rentals received
$304,360
$338,811
$316,089
$289,108
Tot. m. of Ry. under
contract for oper.
of Pullman cars
175,761
169.830
184,147
180,035
Passen. car'd (No.).. 14,969,219 13,312,668
12,321,260 10,753,643
Miles run by cars
444,986,296 408,234,382 389,254,410 360,602.541
Total revenue
$26,922,023 $24,788,730 $23,120,713 $20,597,903
a$l ,311,125
Deduct
Administrative expenses
The
compare
(The) Pullman
{Report for Fiscal Year ending July 31 1905.)
President Lincoln gives the following general information:
The year shows an increase of over 12% in the number of passengers
carried and over 9% in the number of miles run.
The average number
of names on the pay-rolls at Pullman for the year was 5,681, and wages
paid $3,667,936, making an average of $646 for each person employed.
The total number of persons in the employ of the company in all departments was 18,901, and the wages paid during the year was $11,186,199.
The number of employees for the previous year was 20,355, and the
wages paid during that year $12,570,913.
The results for several years are as below. No balance
sheet is furnished (but see V. 79, p. 2083).
sale of bullion,
etc..
Miscellaneous revenues
Accts.
x (1) Hecker-Jones-Jewell 1st M. 6s, $1,052,000 (out of $2,500,000) at par;
preferred stork, $2,909,500 (out of $3,000,000) at par: common stork. $1,985,200
(out of $2,000,000) valued at $496,300;
(2) Northwestern Consolidated Milling
Co. preferred stock, $897,450 (out of $1,000,000), at par; common stock, $1,145,450
(out of $1,250,000). valued at $229,090.— V. 81, p. 1244.
Di$t)UTS6T7l€TltS~~~
$3,000,509
profit
.
Vol. lxxxi.
Operating expenses. .$13,884,983 $12,254,160 $10,389,460
Deprec'n on Cars,&c. 2,331,476
2,318,874
2,739,314
Paid other sleep, car
associations
651,010
554,095
574,252
5.919,982
5,919,976
5,919,968
8 %di v. on cap. stock.
$2,974,120
26,389
Cost of product and inventory.
Net
397,425
12.71 cts.
—
Net proceeds
1902-03.
42,310,544,
1903-04.
[
—
—
Boston Elevated Ry. New Director. F. E. Peabody of
Kidder, Peabody & Co. has been elected a director, succeedV. 80, p. 1727.
ing his father, the late Francis H. Peabody.
Ry. — New
—
Directors. — At
Central of Georgia
the annual
meeting on Oct. 23 J. G. Oglesby of Atlanta was elected a
director to succeed Evan P. Howell, deceased, and G. B.
Mc Cormack of Birmingham, Ala., to succeed RossC. Smith,
resigned.— V. 81, p. 1174, 1099.
—
—
Chesapeake & Ohio Ry. Listed. The New York Stock
Exchange has fisted $1,000,000 additional general mortgage 43^s issued for construction, extensions, double-track,
etc., making the total amount listed $40,573,000.
V. 81,
—
p. 1241, 974.
—
—
Chicago & Alton Railway. Listed. The New York
Stock Exchange has listed $5,362,000 additional Chicago &
Alton Railroad 3% refunding bonds of 1949, making the
The additional bonds represent
V. 81, p. 1168,
betterments, improvements and additions.
total listed $37,350,000.
—
—
1099.
New Directors.
Cincinnati Hamilton & Dayton Ry.
The Erie RR. Co., having purchased control, has elected
an almost entirely new board of directors, as follows:
F. D. Underwood, Charles Steele, Samuel Spencer, Geo. F. Baker,
Geo. W. Young, H. Mc. K. Twombly, R. R. Rhodes and Richard N.
Young, New York; Russell Harding and J. E. Bruce, Cincinnati; Charles
A. Otis Jr., Cleveland, O.; W. L. Dechant, Middletown, O.— V. 81, p.
9748, 99.
—
—
—
New Directors. Two changes
Cincinnati Northern RR.
have been made in the directors of this company, whose road
is operated by the Cleveland Cincinnati Chicago & St. Louis,
viz.: W. C. Brown succeeding F. W. Whitridge and W. H.
Newman suceeding E. F. Osborn. V. 74, p. 378.
—
——
—
Oct. 28 1905.
Cleveland Lorain
|
&
— —
——
—
Ry
Wheeling
Other inc
Chaws.
Bal.fordiv.
1526,509
425,106
S3. )S.i,il
18,898
N«t.
$SS5.120
537,097
r
114,889
From surplus as above was paid a dividend of 1Yi°7 on
preferred stock on Mar. 20 1905, leaving balance carried to
profit and loss account of §233,611.— V. 80, p. 1174.
Cleveland Terminal
for the year ending
I
&
Valley
RR.
Report.
—The
results
June 30 were:
Net.
Gross.
Mir.
$1,033,497
1.019, S09
1904-05
1903-04
V. SO. p. 40S.
—
$166,037
211,001
Charges.
$263,990
209,055
BaL.drf.
197,953
57,394
Columbus Buckeye Lake & Newark Traction Co. New
Zanesville Electric Ry.
See Columbus Newark
below.— V. 81, p. 1043, 974.
Conway Coast & Western RR. Sold. See Atlantic
Officers.
i
—
<fc
Line
RR. above.
—
— V. 81, p. 507.
—
Terminal Co., for a consideration stated as $600,000, a large
tract of land adjoining the Union Depot in Denver.
V. SI, p. 155.
Pacific
Ry.
President Wilson's Statement.
—
At a meeting of the shareholders of the Grand Trunk Railway
Co. held in London on Oct. 12, President Sir Charles Rivers
Wilson said in substance:
Fertility o{ Northwestern Provinces.
— As
the records of the rapid de-
velopment of the Northwestern Provinces are published, I feel more
and more convinced of the sound policy of extending the operations of
the company into that great and fertile country. In an eloquent speech
made two or three weeks ago by Sir Wilfrid Laurier, he said: "I have
just been to the Provinces of Alberta and Sasketchewan, and I must
say we of the East must take a little off our former pride. If the garden
of Canada is to be found anywhere, it is to be found on the immense
plains of the West.
Imagine 700 miles at least, extending westward
from Winnipeg, which some day will be every inch covered with flowing
fields of wheat.
To-day we have just scratched the surface of a few
acres, and we have a crop of at least 100,000,000 bushels of wheat.
What should it be in the future. We should have a population of
10,000,000 or 20,000,000 of farmers all tilling the soil. The fame of
this Western land is rapidly traveling, and from all over the world
settlers are coming."
Having predicted that before two years were
over the number of emigrants would reach 300,000 a year, Sir Wilfrid
proceeded: "They will require clothes, they will require furniture,
they will require implements, shoes, and everything that man has to be
supplied with."
Well, it is into the very heart of that favored land that
the Grand Trunk, by means of its affiliated and dependent company,
the Grand Trunk Pacific, has penetrated under conditions of very great
advantage.
Length of Line. We anticipated that the entire line from New Brunswick to the Pacific would be 3,400 miles, and that the eastern portion
from Winnipeg to the Atlantic, which will be constructed by the Government would be about 1,900 miles. The surveys, still in progress, lead
to the conclusion that the distance from Winnipeg to the Atlantic will
probably be not greater than 1,800 miles. On the other hand, careful
surveys on the western portion lead us to believe that our original estimate of 1,500 miles will be exceeded by some 250 miles, giving us from
Winnipeg to Edmonton 775 miles, from Edmonton west to the eastern
section of the mountain running down into the prairie
561 miles, and
the balance of the mountain section 418 miles, making a total of 1,754
—
—
—
miles.
That, of course, is irrespective of the Lake Superior branch,
»
203 miles.
Terminals. Our point of departure from Lake Superior is Fort Wil-
—
liam.
There we have acquired, upon very favorable terms, through
the co-operation of the Government, 1,600 acres of most valuable land,
for terminals, adjacent to the lake.
The municipality of Fort William
has contributed $300,000 towards our expenses, and has also agreed
to exempt us from all municipal taxes for fifteen years. Winnipeg has now
become the third city as regards population in Canada and I think we
may predict for Edmonton almost as great a future as that which is certain to come to Winnipeg.
At the Pacific we have selected as the site for our terminus the most
eligible port
a place called Kai-En, an island about 25 miles south of
Port 8impson. Our officers have already succeeded in acquiring, upon
extremely easy terms. Crown lands amounting to 10,000 acres at that
port, and no doubt the time will come when it will rival in importance
some of the most flourishing ports of the Pacific.
Contract for Cars.
A contract has been entered into with the Canada
Car Co. for the supply of the whole of the car equipment of the new company. The contract is for no less than 12,000 freight cars and 250 passenger cars. The total cost will be something like $10,000,000, or £2,-
—
—
000,000 sterling.
——
—
—
Progress of Enterprise. Since the time this project was first placed
before you, only two and a half years ago, the legislation connected with
it has been completed;
no less than 9,300 miles have been surveyed,
and the whole of the financial arrangements has been concluded^ for
the building of the line from the Lake Superior branch of the Prairie
section, and the whole of that money has been secured.
Besides that,
contracts have already peen let, and work is absolutely in progress,
for the construction of the road.
1315
Street Ry., N. Y. -Listed.— The New York
Stock Exohange has listed $1,284,000 additional 4% refunding 100-year bonds of 2002, making (lie total amount listed
$16,41S,000. The additional bonds have been issued for
the refunding of $1,100,000 of maturing bonds paid July 1
1905, viz.: 42d St. & Grand St. Ferry RR. (is (called),
$50,000; 23d St. Ry. 6s (called), $50,000; Broadway Burfaoe
RR. 2d M. 5s, $1,000,000. Compare report of New York
City Ry. iu V. 81, p. 1171.— V. 81, p. 31.
—
Michigan Central RR. Car Trusts. Francis, Bro. & Co.,
214 N. Fourth St., St. Louis, are offering at par and interest
registered participation certificates, issued
$500,000
by St. Louis Union Trust Co., trustee, car trust agreement
series, Michigan Central RR. Co. with American Car &
Foundry Co. Amount issued $1,096,200. dated Dec. 28th
Interest pay1904, maturing annually until June 1 1910.
4^%
able quarterly, September, December,
A circular says:
March and June
1.
by a deposit of the original contract
the American Car & Foundry Co.,
together with the written guaranty of the American Car <& Foundry Co.
with the St. Louis Union Trust Co. as trustee. These certificates,
therefore, become, by the above deposit, a direct obligation of the Michigan Central RR., and a first lien on the rolling stock purchased by said
road (consisting of 1,500 box cars), and for which the above certificates
were issued, as well as being secured by the guaranty of the American
Car & Foundry Co.— V. 81. p. 726.
The above
Denver North Western & Pacific Ry. Terminals in Denver.
This company, through its auxiliary, the North Western
Terminal Co., has purchased from the Union Warehouse
Grand Trunk
—
THE CHRONICLE.
Metropolitan
-Report. — The results
for the year ending June 30 were:
Gross.
Yrar.
1904-05. _.$3,3t>7.3Sl
1903-04... 2.S39.770
—
certificates are secured
of the Micliigan Central
RR. with
—
New Enterprise UnderMissouri Valley Electric Ry.
Denison, Prior & Co. of Cleveland and
Boston, and Thomas Nevins & Sons of New York, are offering for subscription $2,500,000, the unsold portion of the
$5,000,000 underwriting of this new company, which has
been organized under the laws of Missouri for the purpose
electric railway on private
of constructing a high-speed
right-of-way from Kansas City, Mo., to St. Joseph, Mo.,
60 miles, following the Missouri River, with spurs to Leavenworth and Atchison; total of all track 95 miles. Rail, 70 lb.;
ballast, crushed rock; overhead crossings of steam and
wagon roads; double track Kansas City to Leavenworth
25 miles. It is proposed to carry both passengers and
Estimated gross earnings, $900,000; net, $405,000.
freight.
The company is authorized to issue: Common stock
$7,500,000, of which the present issue is $5,000,000, and
5% 30-year bonds $7,500,000, of which there will now be
During the construction of the road
issued $5,000,000.
the following committee will have charge of the affairs of
writing Offered.
—
the company:
Warren Bicknell, President
of the Lake Shore Electric Railway;
Prior of Denison, Prior & Company of Cleveland, and George B.
Blanchard of Thomas Nevins & Sons, bankers, of New York. The
committee will add to their number two others to be chosen by them
from the underwriters.
L.
W.
—
Mobile Jackson & Kansas City RR. Sale of Bonds.
This company has recently placed the unsold portions of
its bond issues with a banking institution of this city, which
has disposed of them in the European market. The aggregate amount of these bonds is $8,000,000, including
$4,000,000 of first consol. 5s, which cover the southern 200
miles of line and the Mobile terminals, and $4,000,000 first
5s of the Gulf & Chicago road, representing 200 miles of the
northern end of the line. An authoritative statement follows:
This system is now completed from Mobile on the Gulf northward 403
It affords this
miles through central Mississippi to Middleton, Tenn.
productive section much needed north-and-south transportation facilities.
At the northern terminus exchange of traffic is made with railroad
systems which reach all sections of the North and Northwest. The
company owns valuable terminals and docks at Mobile for handling export
traffic.
The rails, bridges and grades are constructed for heavy traffic.
President Bird M. Robinson of New York, and Chairman of the Executive
Committee. W. D. Stratton. also of New York.— V. 79. p. 2748.
& Hudson River RR. Large Order for
were placed on Thursday for 25,000 freight
Lake Shore & Michigan
of which for the
New York
Cars.
Central
— Orders
part
Southern, viz.:
Pullman Company, 10,000
cars,
cars; Haskell & Baker of Michigan City,
Ind., 7,500; the Pressed Steel Car Co.. 3,000; the Western Steel Car &
Foundry Co. (controlled by Pressed Steel Car Co.), 2,000, and American
Car & Foundry Co., 2.500 cars.— V. 81, p. 727. 508.
New York New Haven & Hartford RR. Merger of the New
England RR., Etc. The shareholders at the adjourned
meeting on Wednesday duly ratified the proposed merger
Compare map in "Railway & Industrial" Section issued of the New England RR., practically all of whose stock
to-day.— V. 81, p. 777, 613.
has been owned for some time past. At a meeting last week
Grand Trunk Ry., Canada. New Line, Etc. See Grand the shareholders authorized the proposed amendments to
the charter, etc.
Trunk Pacific Ry. above. V. 81, p. 1174, 1043.
New Equipment. The directors at their monthly meeting
Great Northern Ry. of Canada. Suit Under Elevator on Oct. 14 are said to have authorized the expenditure of
Mortgage.
The Royal Trust Co. of Montreal, mortgage about $3,000,000 for additional equipment for the road and
trustee, has brought suit against this company and the marine department.
A press dispatch from New Haven
Great Northern Elevator Co. for $39,725 (including overdue says:
interest, about $15,000,) and unpaid sinking fund instalAbout $1,500,000 of this will be used for the purchase of 120 locomoments $25,000) on the elevator mortgage of March 6 L901.
tives, large type, and five new sleepers that are needed on thr system.
—
—
—
—
—
V. 79, p. 2795.
Illinois Central RR.—Option.— See Tennessee Central RR.
below.— V. 81, p. 1105, 1095.
Kansas City Southern Ry. Chairman. At a meeting of
the directors on Friday Hermann Sielcken was made Chairman
—
H. R. Duval, who
had been acting during the absence of Mr. Sielcken in Europe.—V. 81, p. 559.
of the executive
of the $3,000,000 will be used in building three large
I he
freight steamers, like that of the Boston of the Fall River line
locomotives are not to be delivered until after the $5,000,000 railroad
improvements have been completed in this city, which include the
mat
widening and deepening of the railroad cut through New Haven,
locomotives of the very lar^'o type <:m go through the cut.
The remainder
committee
in place of
w
Merger.
— We learn that at& meetingsRR.,the Bhareholdfl NorDanbury &
Derby
the subsidiary
of
New Haven
walk RR. Middletown Waterbury A Meriden RR., Providence & Springfield RR. and Woonsooket A Pascoag RR.
THE CHRONICLE.
1316
cos.
it
was voted
to sell the property, franchises, etc., of
New York New Haven &
Hartford RR. Co.,
which already owns all, or nearly all, of their share capital.
Only some minor details remain to complete the merger.
V. 81, p. 1242, 1044.
each to the
—
New York & New
New
Jersey (Bell) Telephone Co.
The shareholders voted on October 25 to increase
the authorized issue of capital stock from $15,000,000 to
$50,000,000, to provide from time to time for improvements and additions. It was announced yesterday that
shareholders of record will be permitted to subscribe at par
for $3,442,525 new stock, to theexeent of 25% of their reSubscriptions are payable 25% Dec. 1
spective holdings.
1905 and 25% April 1, 25% July 1 and 25% Oct. 1 1906.
Stockholders at their option may pay in full for their stock
on Dec. 1 and receive certificates which will participate in
V. 81, p. 1178.
the January dividend.
Stock.
—
—
—
—
& Western Ry. Dividend Increased. The direcon Wednesday declared a semi-annual dividend of 2%
on the common stock, payable Dec. 15, to holders of record
Nov. 29. The semi-annual dividend paid last June was only
13^%- The annual rate is therefore apparently increased
from 3% to 4%. The company's dividend record follows:
Norfolk
tors
Dividends, p.
Preferred
13444444
1897 1898 1899 1900 1901 1902 1903 1904 1905
c.
Common
..
.-
2
2H
3
3
4-JS
zy
2
In 1900-01 the Pennsylvania Railroad Co. and subsidiaries
purchased over $32,000,000 of the company's total share
capital, now $87,460,300.
Car Trusts. The directors on Wednesday authorized the
creation of two series of car trusts for $1,000,000 each,
trustee, Commercial Trust Co., Philadelphia, on account of
equipment already ordered. V. 81, p. 1175, 1174.
—
Pacific
RR.
—
— New Enterprise. —This company was recently
incorporated with $3,000,000 of authorized capital stock in
shares of $100 each, 'to build a line of railway from some
point on Puget Sound in King County, extending in a
southeasterly direction to a point on the Columbia River, in
Walla Walla County, the estimated length being 250 miles.
The President, H. R. Williams, formerly General Manager
of the Chicago Milwaukee & St. Paul Ry. is quoted as
saying that the new company is an independent enterprise.
V. 81, p. 1242.
;
—
[Vol. lxxxi.
and $2,415,000 are reserved for additions and extensions
more than 80% of cost. The company owns 112 miles
of trolley line.
Of the preferred stock only $2,500,000 will
at not
now be
issued, leaving $500,000 in the treasury for future
requirements and improvements. On Jan. 1 1906 $982,000
of underlying bonds will be redeemed, reducing the amount
of prior liens to $1,603,000, as above stated.
The sum of
$500,000 is to be expended for betterments, including
double-tracking at various points, heavier rail, new equip-
ment,
The new
etc.
officers
and directors
are:
President, F. I. Fuller, Portland; Vice-President, H. L. Clark, Philadelphia; Secretary and Treasurer, C. N. Huggins, Portland; General
Counsel, O. F. Paxton, Portland; Executive Committee, H. L. Clark,
E. W. Clark, Frederick Strauss, Ogden Mills.
Other directors, A. L.
Mills and J. C. Ainswortli.
Redmond & Co. purchased the $5,982,000 bonds and
have re-sold a large portion of them. They are quoted at
par and interest.— V. 79, p. 2086.
—
San Francisco Oakland & San Jose (Electric; Ry.
Second Mortgage. The shareholders will meet on Dec. 21
to vote on creating an issue of $1,500,000 second mortgage
bonds to provide for extensions, new rolling stock, etc.
—
V. 80, p. .1236.
—
—
Springfield & Eastern Street Ry.
Leased.
The shareholders at their meeting on Oct. 20 voted unanimously to
lease the company's property to the Springfield Street Ry.
Co. for a term of 25 years, the consideration being a guara year, payable semi-ananty of dividends at the rate of
nually, dividends dating from Sept. 1 1905.
V. 81, p. 1175.
4%
—
Ry. —Option
Central
for Southern Ry. and
President Stuyvesant Fish of the Illinois
Central RR. made the following announcement at Nashville, Tenn., on Oct. 20: "For the account of the Southern
Ry. Co. and the Illinois Central RR. Co., the Standard
Trust Co. of New York has obtained a three-year option
upon a controlling interest in the stocks and bonds of the
Tennessee Central RR. Co. and the Nashville Terminal Co.
Pending the life of this option, the securities have been deposited subject to the control of the Standard Trust Co.,
and it is expected that the Tennessee Central RR. will be
operated directly in the interests of the railway companies
so as to give each of them an entrance into the city of Nashville."—V. 81, p. 900.
Tennessee
Illinois Central.
—
—
—
Vera Cruz & Pacific RR. Listed. The New "iork 'Stock
Pennsylvania RR. Car Trusts. The directors on WedExchange has listed $2,500,000 first mortgage guaranteed
nesday authorized the sale of $3,500,000 of existing 3J^%
gold bonds of 1934 and $4,500,000 first mortgage
car trusts certificates, also a new issue of $10,000,000 3J^% 4J^%
guaranteed gold coupon bonds of 1934, Nos. 2,501 to 7,000
car trusts.
Both issues are to be retired at the rate of 10%
inclusive, "scaled interest to 1910, supplemented with
per year and are guaranteed, principal and interest, by the
Pennsylvania RR. The proceeds will be used in paying for Speyer & Co.'s coupons."
Earnings. The gross earnings for the half-year ending
the 16,000 and odd cars ordered about July 1 to displace the
June 30 1905 were $209,931.— V. 80, p. 1364.
smaller cars now in service on the lines East and West, but
none of the new certificates, it is reported, are to be issued
Western Pacific Ry. Meeting November 9. The shareat present.
holders will meet on Nov. 9 to authorize the making of a
New Steel Cars. The company placed contracts last second mortgage for $25,000,000, but President E. T. Jeffery
week for about 20,200 freight cars of 100,000 pounds capacity, says: "It is not contemplated to issue any more Western
all to be of steel, except the upper part of box cars, viz.:
Pacific bonds, nor is there the slightest necessity for doing
Pressed Steel Car Co. (12,000)
so. 'The stockholders' meeting on the 9th proximo is in
For lines West of Pittsburgh, hopper type
2,500 pursuance of an arrangement made when the capital stock
For lines Eastof Pittsburgh, 4,000 box cars and 5,500 gondolas .9,500
was increased from $50,000,000 to $75,000,000, and to enCambria Steel Co gondolas for lines east of Pittsburgh
2,500
Standard Steel Car co, gondolas for lines east of Pittsburgh
2,000 able the Western Pacific Co. at some future time, should it
Middletown Car Works, box ears
600 so desire, to issue $25,000,000 of second mortgage bonds;
American Car & Foundry Co. (3,100)
but an issue of this kind, as already stated, is not contemFor Western lines, hopper cars
2,500
For Eastern lines, box cars
600 plated, nor does the management believe it will be necessary
V. 81,
Delivery will begin on May 1 next, and the orders must be for some years to come, and probably not at all."
completed by the end of next year. Delivery of other orders p. 1176, 900.
previously placed begins on Jan. 1 and ends on Sept. 1 next.
Whatcom County Railway & Light Co., Bellingham,
Since July 1 the company has ordered a total of 37,321 cars, Wash. Power.
Stone & Webster of Boston have purchased
of which 11,700 are for the lines west of Pittsburgh.
The the Nooksack power plant from the Bellingham Bay Imcompany will also place contracts for 525 more engines, 275 provement Co. of Bellingham, Wash., and also the fighting
of which will be built at its own shops in Altoona, Pa., and franchises of the company.
The plant already in process of
the other 250 by the Baldwin Locomotive Works, Philadel- construction will at once be completed for the development
phia.
of 3,000 h.p., while the plans provide for an ultimate develIncrease in Other Income.
See Norfolk & Western Ry. opment of a total of from 12,000 to 15,000 h.p. at a cost of
above.— V. 81, p. 1044, 841.
approximately $1,000,000. This power will be used by the
& Light Co. in connection with
Pere Marquette RR. New Directors. This company hav- Whatcom County Railway
railway and lighting interests in the City of Bellingham,
ing passed, along with the Cincinnati Hamilton & Dayton, its
V. 78, p.
general power purposes.
under the control of the Erie RR. Co., the latter has elected and will also be sold for
990.
as President of the company F. D. Underwood, President of
.Wisconsin Central Ry. —Voting Trust Proposed. It is
the Erie, and has reorganized the board of directors, which
understood that the new interests in Wisconsin Central connow consists of the following:
in a voting trust
George F. Baker, Norman B. Ream, E. H. Harriman, H. McK. template placing the control of the stock
Twombly, Samuel Spencer, Charles Steele, J. G. McCullough, F. D. for five years, but the published report that it has already
Underwood, Russell Harding, George W. Young, W. C. McMillin, W. been decided to do this is pronounced incorrect.
V, 81,
R. Cross, George A. Richardson, C. S. Goldsborough and W. A. Smith.
1237, 1243, 1263.
—
—
—
—
—
.
,
—
—
—
—
—
—
—
—
—
—V.
p.
81, p. 1044.
Portland (Ore.) Consolidated Ry. —Successor. —See Portland Ry. below.— V. 80,
2459, 2220.
Portland (Ore.) Ry. —Successor Company Organized. —
p.
& W.
Seligman & Co., New York, and E. W. Clark & Co.
of Philadelphia, having recently purchased control of the
Portland Consolidated Ry., the Portland Railway Co. was
incorporated on Oct. 13 under the laws of Oregon as the
successor company, with $4,000,000 common stock and
$3,000,000 of 5% preferred stock, cumulative from July 1
The new company has authorized
1906; par of shares $100.
an issue of "first and refunding" 5% bonds for an amount
limited to $10,000,000.
Of the new bonds $5,982,000 are
outstanding, $1,603,000 are reserved to retire prior liens,
J.
INDUSTRIAL, GAS AND MISCELLANEOUS.
American Hide & Leather Co. — No Dividend Declared.
—
to declare a dividend
cumulative preferred
at this time on the $12,548,300
Three dividends have heretofore been paid, each of
stock.
1%, as follows: Feb. 15 1905, May 15 and Aug. 15.
The following statement was issued: "Owing to the present
high ruling price of raw material, which requires considerable additional capital to operate, it was the sense of the
board that it is for the best interests of the company to use
V. 81, p.
the earnings in the operation of its business."
The
directors on
Thursday decided not
7%
—
840, 549.
—
—
—
Oct. 28 1905.
—
.
THE CHRONICLE.
i
—
.
|;*I7
The issue is limited to $250,000 and is due October
1915, but subject to call at 106 and interest on and after
1910; interest payable April and October; denomination
The company
$1,000; trustee, Kmpire Trust Co., New York.
has for the past 16 years been manufacturing
block
V. 81, p. 900. 670.
signals which are in use by many of the leading roads of the
Associated Merchants' Co. Stock Option. A circular United States and Canada. Contracts on hand are stated to
announces that "during the last half-year the company has amount to nearly $1,000,000; orders for renewals and repairs
invested its surplus funds to advantage" and that "it now $500,000 yearly. The company's plant, though nearly
ma desirable to replace the cash recently expended so doubled during the past year, will, it is stated, be further
that the company will be prepared for prompt action as soon enlarged.
The common stock is $1,900,000, preferred
The company, therefore, stock $100,000. From April 1900 to July 1902 dividends
as fresh opportunities arise."
offers to all shareholders of record Nov. 1 the privilege of were paid at the rate of
on the common and
on the
subscribing at par and interest to the extent of 15% of their preferred and since July 1902
has been paid on both
present holdings, respectively, for $2,250,000 of an addi- (lasses of stock.
V. 74, p. 1254.
tional $5,000,000 1st preferred stock originally authorized
Hudson County (N. J.) Water Co. Bonds Offered
but not vet issued. This stock is convertible any time when Shoemaker & Bates, No. 24 Broad St., New York, are offering
the transfer books are opened into common stock or second
interest $300,000 of this company's present issue
Subscriptions will be received at the at par and
stock.
50-year sinking fund gold
SreferredTrust Co. (Hoboken, N. J., and 71 Broadway, New of;$2,000,000 first mortgage
[udson
math-, bonds of $1,000 each, due Dec. 15 1954, but subject to call
York) until 3 p. m. Nov. 15, and payment must be
Interest payable
interest date at 105 and interest.
30% on filing subscriptions and 70% on or before the close of on any and Dec. 15 at Mechanics' Trust Co., trustee, BayJune 15
business Jan. 5. The report for the half-year ending Aug. 1
onne, N. J. The company is organized to operate either
1905 was in V. 81, p. 776.
directly or through he New York & New Jersey Water Co.
New Officers. Frank C. B. Page has and the New Jersey Suburban Water Co., which it controls,
E. W. Bliss Co.
been elected to succeed William A. Porter as Vice-President in the following districts: City of Bayonne, Town of Harrison,
and director and William J. Grinden to succeed A. T. Porter Town of Kearney, Borough of East Newark, Pennsylvania
F. M. Leavitt has
as Second Vice-President and director.
RR. at its Meadow Shops, etc., and the Borough of Richbeen elected a director. V. 74, p. 632.
mond (Staten Island) under contract with New York City,
See Union Cotton Mills below.
Buffalo Cotton Mills.
dated June 1 1905. The right to transport water into Staten
Chicago Pneumatic Tool Co. Earnings. The earnings Island is now under adjudication. The unissued bonds can
be put out only for improvements, extensions and additions
for the quarter and the 9 months ending Sept. 30 were:
V. 81, p. 729.
Bal.fordiv of equal par value.
Bond int. Sink. fund.
Dep'netc.
Profits.
American La France Fire Engine Co. See International
Tower Co. below. V. 7S, p. 1393.
American Smelter Securities Co. Subsidiaries. See Fed
eral Smelting A Refining Co. and Utah Copper Co. below.
—
interest.
—
—
—
4%
6%
6%
—
—
—
5%
—
—
—
—
3mo«
1905
9 mos.
1905
—
—
—
—
—
.8241,791
$32,488
328,750
$12,500
$168,053
655.733
90.193
86.250
37,500
441,790
Dividends at
3%
81, p. 615, 560.
City Gas Co.
for the 9
months
$183,414.— V.
call for
—
—
Foreclosure.
The
Beatrice, Neb.)
Farmers' Loan & Trust Co. has filed suit for foreclosure of
this company's mortgagejsecuring S30,000 6%!bonds due 1916.
Annual outCapital stock authorized and issued $100,000.
put reported as about 9,000,000 cubic feet.
(of
—
—
Colorado Fuel & Iron Co. Directors. In addition to the
changes in the board of directors noted last week, Willard P.
"Wird, Vice-President and director of the Distillers' SecuriV. 81,
ties Corporation, has succeeded James H. Hyde.
—
p. 1243.
—
—
Federal Mining & Smelting Co. Report. This company,
controlled by the American Smelters' Securities Co. through
ownership of a majority of the stock, reports as follows for
the year ending Aug. 31 1905: Gross tons of ore mined
664,830; net tons of concentrates and shipping ore 85,205;
total ounces of silver 2,689,867; total pounds of lead 88,274,055; value of silver shipments $1,502,652; value of lead shipments $3,066,779; the net profit for the year was $1,242,697;
dividends paid in same time $1,098,896; balance surplus
The re$143,802. Cash in banks Aug. 31, $558,607.
serves in sight, it is stated, have increased within the year
600,000 tons.
The company has purchased the Morning
Acquisition.
and Evening group of mines adjoining its property in the
Coeur d'Alene district. A press dispatch from Missoula
stating that the purchase price was approximately $6,000,V. 80, p. 1974.
000, is pronounced incorrect.
Mining, Smelting & Power Co.
Granby Consolidated
The report for the year ending June 30 1905 gives
Report.
the company's copper production for the year as 14,237,622
pounds, a decrease of 1,786,793 pounds contrasted with
1903-04.
The gross receipts were $2,749,145, against
$2,966,347 for the previous year; net profits $712,649,
against $283,514.
From the net profits of the late year
there was deducted for additional mining properties $142,604
and for new construction and equipment, etc., $343,974,
leaving a surplus of $226,071, which, added to the previous
surplus (as corrected;, makes the total surplus $1,068,297.
V. 79, p. 2951, 1641.
—
—
—
—
—
Great Lakes Towing Co. Xo Dividend Yet on Common
"Cleveland Finance" states that at a meeting held
Stock.
on Oct. 18 "the directors decided to apply all the surplus
earnings of the year above the requirements for the preferred dividends and working capital to another purpose,
leaving no money available for common stock dividends."
—
V. SO, p. 2347.
Greens Gold-Silver Co.
— New
Stock Offered.
— The
com-
pany
is offering for sale at par by advertisement on another
page 100,000 shares of treasury stock at par, $10 per .-hare.
President \V. c. Greene, in a circular issued about Oct,
'hat every one of the old mine- on which active
1,
work has been resumed lias more than justified the company's expectations. The production of bullion, he
would begin this month, and by February from 800 to 1,000
ton- of ore would be treated, showing net profits oi
than S6 per ton. Of the 500,000 shari
asury stock
113.417 had then been sold.
14.
See V 80, p.
1
I
—
—
Indianapolis Telephone Co. Change in Control. A controlling interest in the stock both of this company and the
New Long Distance Telephone Co. has been acquired by
the following new interests:
James S. Brailey Jr., President of the Toledo Home Telephone Co.
of Toledo and a director in the Cuyahoga Telephone Co. of Cleveland;
A. H. Bauer of Bauer Bros, of St. Louis, who is interested in the Toledo
Home Telephone Co., the Kansas City Home Telephone Co. and H. C.
Althelmer & Rawlings Investment Co. of St. Louis, who is
interested in the Kinloch Telephone Co. of St. Louis.
Mr.
been elected President of both companies. V. 81, p. 977.
Stifel has
Stifel of the
largely
—
—
—
Power Co. Control of Amoskeag Fire
company has taken over the business of the
Engine Co., Manchester, N. H. The control
International
Engine Co. The
Amoskeag Fire
of the company was purchased in 1901, but
been carried on by the American La France
!
,
—
(V. 78, p. 1393,) under a lease which
81, p. 901.
International Telephone Co. of America.
Judgment.
On Oct. 16 a judgment for $1,951 was filed against this company in favor of D. O. Mills.— V. 75, p. 1034.
—
Lehigh Coal
&
Navigation Co.
—
—New
Trust Stock Certifion the Philadelphia Stock Exchange has been increased to $13,327,250.
The total outstanding share capital is $17,378,500. V. 81,
p. 729, 617.
cates.
—The amount
of trust certificates listed
—
—
—
Kansas Natural Gas Co. Second Mortgage. The shareholders will meet in Pittsburgh, Pa., on Oct., 30, to authorize
an issue of $2,500,000 second mortgage bonds for use, either
by sale or pledge, to take care of the floating debt, purchase
additional properties and provide for further construction
(compare V. 79, p. 906.)— V. 81, p. 843.
—
—
Macmillan Co., New York. New Stock. The shareholders at the annual meeting on Oct. 7 voted to increase
the capital stock* from $645,000 to $745,000, by raising the
common stock from $500,000 to $600,000, the preferred
to remain as now, $145,000; par of shares $100.
New Director. J. A. Ellsworth was elected a director
to succeed George L. Craik, deceased.
V. 81, p. 1045.
Niagara Falls Power Co. New Officers. De Lancey
Rankine of Niagara Falls, N. Y., has been elected a director
and W. Paxton Little Treasurer of the Niagara Falls Power
Co. and its subsidiary companies to succeed the late William
B. Rankine.— V. 79, p. 1461.
—
—
—
—
—
—N
Niagara Lockport & Ontario Power Co.
ew Directors
The following directors and officers were recently announced:
Dir(cU/rs.
Herman H. Westinghouse, Pittsburgh; George C. Smith
—
and Robert E. Drake, Syracuse; Paul T. Brady and Carl A. Degorsdorf
New York; John J. Albright, Stephen M. Clement, William H. Cratwlck and Edmund Hayes, P.ufTalo.
Herman H. Westinghouse, President; Robert C. Board,
Officers.
(Secretary to Mr. Albright) Secretary; John H.Lascelles, Cashier of the
Marine Hank, Buffalo, Treasurer. -V. 81, p. 617.
,
—
Old Dominion Co. of Maine.
First
Dividend. Tho
United Globe .Mines having declared a dividend of .?(> 50 per
share, payable Dec. 1, on its §2,300,000 capital stock, which
i> owned by the Old Dominion Co. of Maine, the latter has
to
declared a first dividend of 50c. per share, payable Dec.
kholders <jf record Nov. l">.
The Old Dominion Co., it
ted, hae outstanding 288,000 shares font of 350,000,
pur $25 each) a::. hold in its treasury all excepl aboul
1200,000 of the $3,750,000 stock of the Hd Dominion Copper
Mining iv Smelting Co. of New Jersey, the shares of the New
ey company being exchangeable for those of the Maine
corporation, wnich alone are ,|, ,it in on the Boston Stock
change.
For the oine month ending Sept. 30 1905 the
smelter production, including a large amounl of custom ore
id to have aggregated 19,845,000
form outside in!
I
I
<
;
Hall Signal Oo.—Boitde Sold.—H. L. Crawford & Co., 25
Broad St., have sold the greater pari of 1200,000 first
mortgage gold 6s, which they recently offered al lo:;
and
business has
its
Fire Engine Co.
has now expired.
V.
"i
THE CHRONICLE.
1318
lbs. of refined
copper, against 9,800,000 lbs. in 1904.
The
Old Dominion property is located at Globe, Ariz.
The company
Ontario Silver Mining Co.
Assessment
recently called an assessment, No. 1, on its $15,000,000
Lounsbery & Co.,
capital stock (par of shares $100).
transfer agents, in a circular dated Oct. 2, say:
—
1
.
—
On March 25 1905, a large cave occurred In Drain Tunnel No. 2, In which the
Ontario Mlninc Co. owns an undivided one-ball Interest. Till? happened at a point
about 1,000 Teet from the mouth of the tunnel, and nearly stopped the large flow of
water being drained from the Ontario and Daly mines (Utah). The water has accumulated until Itlhas reached the 1,100-foot level of the Ontario mine. The work
of clearing and re-tunberlng the tunnel has now proceeded to a point nearly 13,000
feet from Its mouth, and has entailed heavy expenses that will continue until the
work Is completed and Che mines drained. To meet these unexpected requirements
there were no funds available.
k?i
The last dividend was paid Dec. 20 1902, up to which time
the distributions to shareholders had aggregated $14,932,500.
A Utah corporation, organized in 1877. President, F. G.
V. 44, p. 810, 89.
Drum; Treasurer, J. B. Haggin
Listed.
The New York Stock ExPacific Coast Co.
change has listed $9,500 additional first preferred stock,
$85,600 second preferred stock and $190,400 common stock,
making the total amounts listed: First preferred, $1,525,000;
second preferred, $4,000,000, and common stock, $7,000,000.
All of this additional stock has been sold at a price above par
(as permitted by reorganization plan of predecessor company) and the proceeds are to be used for the corporate purposes of the Pacific Coast Co.
The Exchange has also listed the remaining $554,000 first
mortgage 5% bonds of 1896, making the total listed $5,000,000. The proceeds will be used for the construction of an
The property, the acquisition of which
additional vessel.
justifies the issue of these bonds, is as follows: SS. Valencia,
$175,469; SS. Ramona, $183,432; SS. State of Washington,
$25,000; SS. Sehome, $25,000; SS. Mainlander, $100,099;
water front lots at Portland Oregon $45 ,000; total $554 ,000
V. 81, p. 1264,
See annual report in last week's "Chronicle."
1243.
Procter & Gamble Co. New Stock to be Offered at Par.
The common shareholders, it is officially announced, will be
entitled to subscribe at par to the $3,000,000 new common
shares to the extent of 50% of their respective holdings.
The additional stock will be issued to "increase the manufacturing facilities of the company" (compare V. 81, p. 1243).
The stockholders will authorize the new stock at a special
meeting on Nov. 21.— V. 81, p. 1243.
Quincy (111.) Telephone Co. Bond Sale. This company
which procured its franchise about a year ago, has sold its
$500,000 issue of bonds to a St. Louis syndicate which includes J. H. Murphy, stock and bond broker; R. F. Spencer,
of Hamilton-Brown Shoe Co., and Charles Sutter, who recently assisted in consolidating the street-car building companies.
The firm of Hermann & Schatzman, brokers, of St. Louis, is undrestood to be assisting in promoting the project. The work of construction, we are informed, will begin immediately and the plant will be in
operation by June 1 1906. Long-distance connections will be made
with St. Louis and Chicago and about 5,000 telephones will be installed.
The capital stock was inDetails of bond issue not yet complete.
creased recently from $15,000 to $1,000,000, and name changed under
Illinois laws from Quincy Automatic Telephone Co. to Quincy Telephone Co.
Rubber Goods Manufacturing Co. Distribution. The
holders of certificates of deposit of the Central Trust Co. for
common and preferred stock are notified by advertisement
in daily papers that the trust company will on and after
Nov. 1 give in exchange for its certificates of deposit stock
of the United States Rubber Co. per circular ( V. 81, p.
159) and also check for $2 29, being 15 days' interest on the
first preferred stock of the Manufacturing Company from
June 15 to July 1; also the following dividends payable Oct.
31 on the stock of the United States Rubber Co., viz., on
first preferred 2%, on second preferred 1J4%.
See United
States Rubber Co. below.— V. 81, p. 901, 36.
Sloss-Sheffield Steel & Iron Co.
Additional Stock
The $2,500,000 adListed on New York Stock Exchange.
ditional common stock authorized Sept. 12, representing
new properties and development of properties already
owned, which investments were made from moneys applicable from time to time to dividends on the common stock,
was listed this week on the New York Stock Exchange.
The official statement in reference to the issue of this stock
will be found at length on page 1324.— V. 81, p. 1178, 901.
Southern States Land Co. Called Bonds. First mortgage bonds Nos. 122, 147, 149 and 220 have been drawn and
will be paid at $512 50 per bond, with accrued interest, on
Nov. 1, at the Knickerbocker Trust Co., New York. V. 77,
p. 2038.
Springfield (111.) Coal Mminj Co.— Bonds Offered.— A. H.
Bickmore & Co., No. 30 Pine Street, New York, are offering,
at 98% and interest, $184,000 of the first mortgage gold 5s
of 1903, the remainder of the authorized issue of $650,000.
The net earnings for the calendar year 1904 available for
"The
interest and dividends are reported as $124,061.
company has paid regular dividends of 6% on 1,000,000
pref. stock and a 5% dividend on the $1,250,000 common
stock." The mines, it is stated, shipped in 1903 over
1,100,000 tons of coal and are now exceeding this produc"This issue of the treasury bonds for purchase of
tion.
further coal lands previously operated under lease will add
$9,200 to the interest charge, but will cut off rental charges
of $30,000 per annum."— V. 76, p. 870.
Staten Island (N. Y.) Ferry. Municipal Service Begun.
The operation of the Staten Island Ferry by the city author-
—
—
—
,
—
,
,
—
—
—
—
—
—
—
—
—
—
S
—
—
(VCL. LXX1I.
was formally begun on Oct. 25. See Rapid Transit
Ferry Co. V. 81, p. 731.
Union (S. C.j Cotton Mills. Indebtedness. A statement
of
he assets and liabilities .'-how- that the Union Cotton
Mills has outstanding Common Stock 8600,000; preferred
stock 8158,300; notes and accounts payable $2,756,235;
total liabilities $3,514,535; profit and loss deficit 8691,652.
The Buffalo Cotton Mills has common stock 8300,000,
preferred stock $300,000, due Union Cotton Mills $532,010,
other notes and accounts payable $1,292,041; profit and
loss deficit $486,431.— V. 81, p. 1244.
ities
—
—
l
—
—
—
—
United States Finishing Co. Report. The report for the
year ending June 30 1905 states the number of yards of
goods finished as 253,788,900. The gross earnings were
$1,106,107, other income $25,994 and net earnings $425,899.
From these last were deducted interest on bonds, $180,035.
and 7% on the preferred stock, 8171,305, leaving a surplus
of $74,549, which, added to the previous surplus, makes the
total surplus June 30 1905 $1,607,324.— V. 79, p. 2800.
United States Rubber Co. Listing. The New York
Stock Exchange will list Nov. 1 828,640,300 first preferred
stock and $8,387,300 second preferred stock, and has authorized the addition to the list, from time to time prior to May 1
fiscal
1906 of $3,936,600 additional first preferred stock and
$1,612,700 additional second preferred stock, making the
total amounts listed, first preferred, 832,576,900, and second
preferred, $10,000,000.
The additional stock is issued and
issuable in connection with the acquisition of the control of
the Rubber Goods Manufacturing Co. per plan in V. 80.
page 2464. This plan has thus far been accepted by the
holders of 51,148 shares of the preferred stock and 137,163
shares of the common stock of the Rubber Goods Manufacturing Co.
Earnings.
The consolidated income account for five
months ending Aug. 31 1905 is reported to the New York
Stock Exchange as follows: Net sales, boots, shoes and
miscellaneous, $15,954,566; cost of goods sold, $13,330,797;
manufacturing profit, $2,623,769; general and selling expenses, interest, freight, taxes and insurance, $1,234,826;
operating profits, $1,388,943; other income, $162,403; net
profits, $1,551,346.— V. 81, p. 1104, 159.
United States Steel Corporation. Earnings. An estimate
of the net earnings for the third quarter of the year which
will be made public next Tuesdav places the results as
about $31,000,000 or $32,000,000," contrasting with $18,773,932 for the corresponding period of 1904 and $32,422,955
for 1903 and 1902.
This estimate, while not official, is of a
kind frequently in the past found to be pretty close to the
mark.— V. 81, p. 1104, 901.
Utah Copper Co. Injunction Dissolved Bonds. Ths
injunction restraining the company from carrying out ite
financial plan having been dissolved, the shareholders voted
on Oct. 27 to authorize an issue of $3,000,000 convertible
bonds. The plan contemplates the transfer of the control
of the company to the American Smelters' Securities Co
See V. 81, p. 564, 618, 851.
Westinghouse Machine Co. New Stock. The shareholders will meet Dec. 23 to vote on increasing the capital
stock from $5,000,000 to $10,000,000.— V. 79, p. 2752.
Worcester (Mass.) Gas Light Co. Reduction in Price of
Gas.
This company, it is announced, will on Jan. 1 1906
reduce the price of gas from $1 10 to 90c. per 1,000 cu. ft. in
V. 79, p. 160.
the case of all bills paid within fifteen days.
—
—
—
—
—
—
.
—
—
—
—
—
— Messrs.
Wm.
A. Read & Co., 25 Nassau Street, adververy attractive list of investment securiThe
ties, in each case giving the price and the net yield.
list includes bond issues of the Chicago Milwaukee & St.
tise in this issue a
Paul; Illinois Central; Louisville & Nashville; Rock Island;
Atlantic Coast Line; Texas & Pacific; Lehigh & Wilkes-Barre
Coal Co.; also $100,000 Oneida County, N. Y., court house
cumubonds and 1,000 shares Twin City- Rapid TransitJ
A number of the issues offered are
lative preferred stock.
legal investments for savings banks, etc.
7%
— Messrs.
Scott
&
Stringfellow,
the
Richmond, Va.,
bankers and brokers, own and offer for sale $200,000 Colorado & Southern Railway first mortgage 4% bonds. The
firm has recently prepared circulars dealing with the
Atlantic Coast Line (with map), Louisville & Nashville,
Milwaukee & St. Paul, Canada Southern, Colorado & Southern, Central of Georgia, American Car & Foundry and Chicago & North West, properties. A copy of any of these circulars can be had upon application.
Paterson & Hepburn, No. 20 Broad St., N. Y., have
issued a circular offering at prices to yield 4.50 and 4.75,
respectively, Sloss Iron & Steel 1st mtge 6s 1920 (total issue
$2,000,000) and 1st & gen'l mtge 4}£s 1918 (total issue
$2,000,000) underlying bonds Sloss Sheffield Steel & Iron
Co. Birmingham, Ala., with a surplus Aug. 31st $2,907,789
above all fixed charges, funded debt and dividends of 7%
on preferred stock and 5% on common.
Wm. Salomon & Co., New York, and Jackson & Curtis,
Boston, are offering $1,000,000 Galveston Electric Co. first
mortgage 5% gold bonds. The facts regarding the issue
were given very fully in the "Chronicle" of Sept. 23, page
See also the advertisement on another page of the
975.
—
—
current issue.
—
»
—
—
THE CHRONICLE.
Oct. 28 1905.
1319
Reports and Ucrcumcuts,
BUFFALO & SUSQUEHANNA RAILROAD COMPANY.
ELEVENTH A.NNUAL REPORT— FOB THE
F., September 15 1905.
To the Stockholders and Bondholders oj the Buffalo & Susquehanna Railroad Company:
The Beard of Directors submit herewith their annual
report relating to the financial affairs of your Company and
the physical condition of its property for the fiscal year ended
June 30 1905.
Buffalo,
-V.
MILEAGE OF ROAD OWNED AND OPERATED.
The schedule on page 33 of pamphlet .-hows in detail the
mileage of road owned, leased, operated, etc. The essential
facts ma) be summarized as follows:
-
Totals as at
222.35 miles.
-
--
"
20.11
172.46 miles.
and yards leased
53.03 miles.
"
4.36
46.52 miles.
4.36
Totals of sidings and yards
57.39 miles.
50.88 miles.
300.48 miles.
22Q.34 miles.
Sidings and yards
Siiiings
Totals of
all
— The
owned
track
between the Buffalo & Susquehanna
subsidiary and affiliated companies are so
close and interwoven that it is deemed advisable to refer occasionally
throughout this report to the affairs of those corporations, in order that a
It should be underbetter understanding of the situation may be had.
stood, however, that this report treats only of the operations and financial
affairs of the Buffalo & Susquehanna Railroad Company, unless otherwise specifically stated.
Xote.
Railroad
relations existing
Company and
its
The mileage of main track owned at June 30 1905, which
was 222.35 miles, as compared with the corresponding date
of the previous year, shows a net increase of 69.93 miles.
This is accounted for by the merger of the Susquehanna &
Southern Railroad Company with the Buffalo &Susquehanna
Railroad Company as at the close of business on June 30
70
1905, the mileage of the former-named road being
The difference, being a reduction of .07 mile, repremiles.
sents sundry corrections incidental to elimination of grades
and curvatures on the old road.
INCOME AND PROFIT AND LOSS ACCOUNTS.
The results from the operations of the company during
the
year are shown by the following comparative sum-
fiscal
mary:
—
Increase.
1904.
Amount. Per Cent.
1905.
SI, 129,864 74 S962.696 18 8167,168 56 17.36
and
753,244 96
Taxes
The financial
635,500 04
117,744 92 18.53
Net Earnings from Oper'n.
Income from Other Sources
S376, 619 78 3327,196 14
190,86129 173,893 52
849,423 64
16,967 77
15.11
9.76
Total Available Income.
8567,48107 8501,089 66
866,39141
13.25
Interest on Funded Debt..
Other Deductions
8192,336 96 8157,384 46
51.13037
573 77
834,952 50 22.21
50,556 60
Total Deductions from
Available Income
8243,467 33 8157,958 23
character arestated therein, the contingent liabilities being
for in the several reserve accounts.
The
axcess of working assets over working liabilities amounted to
$148,766 22, and the stock of fuel, material and supplies was
valued, at cost, at $146,601 29.
Incidental to the merger of the Susquehanna & Southern
Railroad Company with this company, some changes of
importance appear in the General Balance Sheet of June 30
1905, as compared with that of the corresponding date of the
previous year. The schedule showing resources acquired and
their disposition, on page 24 of pamphlet, gives a comprehensive view of these matters.
Since June 30 1901 new capital and surplus earnings
amounting to $7,322,163 55 have been provided. The
statement below shows the disposition of these funds. In
order that the exhibit may be more comprehensive, and that
the total investment in coal properties may be shown, certain
resources on hand on June 30 1901 are included therein. The
amply provided
statement
is as follows:
Resources on hand June 30 1901
Cash from Bond sales
8525,000 00
Uninvested Sinking Funds..
55,879 14
Purchase Money Mortgage on property of
Buffalo & Susquehanna Coal & Coke
Company at Tyler, Pa
260,000 00
Resources provided since June 30 1901
Common Stock issued
Preferred Stock issued
— net increase
Earnings
Surplus
after
charges and dividends
S324.013 74 8343,131 43 aS19,117 69 a5.57
payment
of
all
266,263 55
•_
Total
Deduct
—Working
55
64
21
90
00
00
41
8121,817 88
91,305 90
— increased
Fuel, Material,
creased
and Supplies
—
8213,123 78
in-
100,583 76
Total Resources Accounted for
112,540 02
$8,163,042 69
828,113 74
The amount at credit of Profit and Loss Account on June 30 1904 was
...8563,027 70
From which were deducted sundry charges of.
6,945 73
CAPITAL STOCK.
—
added to the above
Leaving the balance at credit
on June 30 1905
69
88,275,582 71
Capital— decreased
Renewal Reserves
\H%
difference being
7,322,163 55
Total Resources to Account for
88, 1 63, 042
Disposition of Resources
Cost of Susquehanna & Southern Railro..ad..
..84,059,429
Cost of additions and improvements to old road, and
premiums, discounts, expenses, etc., incidental to
issue of 4% bonds and retirement of 5%bonds
471,269
Cost of new equipment (not including replacements)
334,030
Cost of securities of Buffalo & Susquehanna Coal &
Coke Company
1,520,486
Cost of securities of Powhatan Coal & Coke Company
1,790,001
Cost of securities of Keystone Store Company
50,000
Contributions to Sinking Funds
50,365
the Net Income for the year
.8324,013 74
There were paid four dividends of 1% each on
the Preferred Stock, amounting to
S120.000 00
And there were paid four dividends of
each on the Common Stock, amounting to. . 175,900 00 295,900 00
Leaving a balance of
8840,879 14
8938,900 00
3,000.000 00
3,117,000 00
From
The
at June 30, 1905,
shown by the comparative General Balance Sheet on page
All
known assets
1322.
and liabilities
of
every
885,509 10 54.13
Net Income for Fiscal Year
FINANCIAL CONDITION.
condition of the company as
Bonded Debt
Year Ended June 30
Gross Earnings
Operating Expenses
Profit and Loss Accounts in detail.
The schedule on page 28
of pamphlet, showing the Income Account per mile of road
operated, from the date of organization to the close of this
fiscal year, will be found of interest.
is
243.09 miles.
Totals of mainline
the previous year and 59.64% from the date of commencement of operations, October 1 1893.
The ratio of fixed charges (interest on bonds, sinking fund
charges and rentals of leased lines) to total income available
for that purpose for this fiscal year was 38.05%, as compared
with 31.55%] in the previous year and 44.44% from the date
of organization to June 30 1905.
The schedules on page 1323 show the Income and
Durirtq Year.
152.35 miles.
"
20.11
63
rights
30 1905.
Average Operated
June 30 1905.
Main track owned
Main track leased
Main track trackage
ENDED JUNK
ViAi;
of Profit
556,081 97
and Loss Account
8584,195 71
a Decrease.
The Profit and Loss balance of $584,195 71 represents
the net surplus remaining, after payment of all charges and
dividends, from the date of organization to June 30 1905.
Thi~ account has not been affected in any way by refunding
operations or the issue of securities.
The item of "Income from Other Sources." shown above,
includes interest on Powhatan Coal & Coke Company mortgages, $89,501 01; interest on Buffalo & Susquehanna Coal &
ke Company notes, $29,250 57; and dividends of 20% on
the capital stock of the Keystone Store Company, $10,000.
As the Susquehanna & Southern Railroad Company was
not merged with t his company until a- at the close of
on June 30 1905 the revenues and expenses of that company
are not Included in the above-stated results.
All n venue
derived from joint business has been carefully apportioned
between the two companies on the basis of the mileage carried
by each.
The ratio of operating expenses and taxes to gr
oings
for this fiscal year was 66.67 %, as compared with 00.01'
in
I
In accordance with the articles of merger there was issued
as at June 28 1905, $938,900 of the common capital stock of
this company, in exchange for an equal amount of capital
stock of the Susquehanna & Southern Railroad Company
(being the entire amount of capital stock authorized and
outstanding of that company).
The amount of common
stock issued as at June 30 1905 was $5,494,400, of which
$3,518,000 was owned by the Buffalo & Susquehanna Railway Company and $1,037,500 was owned and held in the
treasury of this company.
The balance, being $938,900,
was in the hands of the public at the close of the fiscal year.
but has since been acquired by the Buffalo & Susquehanna
Railway Company.
No changes occurred during the year
in the outstanding
preferred capital stock, the amount being $3,000,000.
The schedule on page 34 of pamphlet shows further particulars re^ardin^ the capital stock of this company and its
subsidiary and affiliated companies.
I
;
FUNDED DEBT.
During the
fiscal
year the amount of
Bonds was reduced' by the retirement
the
-7'i
4%
operation
ooo for
Bonds.
,,,,
5%
First Mortgage
of $18,500 through
the sinking fund and the exchange of
equal amount of First Refunding Mortgage
of
The amount
of
First
Mortgage
aiding at June 30 L905 was $2 Hi .000.
5%
Bonds
THE CHRONICLE.
1320
The First Refunding Mortgage 4% Bonds outstanding
wore increased during the year by the issue of $2,177,000 of
bonds for the following purposes:
To provide funds for the discharge of liabilities incurred in
connection with the construction of the Susquehanna &
$1,750,000
Southern Railroad
325.000
To provide funds for the purchase of new equipment
To provide funds for the Sinking Fund for retirement of
1905
26,000
First Mortgage 5% Bonds maturing October 1
In exchange for an equal amount of First Mortgage 5%
76.000
Bonds
00
00
00
00
.82,177,000 00
Total issued
The amount
of
First
Refundng Mortgage
4%
Bonds
issued to June 30 1905 was $6,533,000, of which $29,000
remained in the treasury and $12,000 was held [by the trustee,
having been purchased from sinking fund contributions.
The schedule on page 35 (pamphlet) gives further particulars regarding the funded debt of this company and its
subsidiary and affiliated companies.
SUSQUEHANNA & SOUTHERN RAILROAD.
of the Susquehanna & Southern Railroad
south as DuBois, Pa., in October 1904, and
The main track
was
laid as far
the remainder of the track between DuBois and Sykesville
was completed in February 1905. At that time, however,
considerable work remained to be done in the way of ballasting, constructing sidings, buildings, etc., so that it was
deemed advisable to postpone the merger of the Buffalo &
Susquehanna Railroad Company and the Susquehanna &
Southern Railroad Company until the close of the fiscal
All of the necessary legal proceedings were then
year.
carried out, effecting the corporate merger of the two companies as at June 30 1905. Hence the General Balance Sheet
of this company as at June 30 1905 shows the financial
status of the company after the merger had been effected,
but the Income Account for the fiscal year does not include
the results of the operation of the Susquehanna & Southern
Railroad, such results having been included in tlie construction accounts of that company.
By reference to the schedule showing of road owned and operated on page 33 (pamphlet) it will be seen that the lines
composing the Susquehanna & Southern Railroad (being all
lines south of Sinnemahoning) are 70.63 miles in length, of
which 58.39 miles is the main line, 11.61 miles is the Medix
Run branch, and .63 miles trackage rights over the Buffalo
Rochester & Pittsburgh Railway.
Effective on January 1 1905, a contract was entered into
between the Buffalo Rochester & Pittsburgh Railway Company and the Susquehanna & Southern Railroad Company
and the Buffalo & Susquehanna Railway Company
providing for the joint use for twenty years from that date
of about one mile of track owned by the Buffalo Rochester
& Pittsburgh Railway Company near the village of Sykes.^Pa.
By this arrangement the Susquehanna & Southern RailRoad company obviated the necessity of constructing a particularly expensive piece of road through the village of
Sykes, Pa.
The cost of the main line of the Susquehanna & Southern
Railroad has been large, but the resulting economies in operaA low grade
tion will fully justify the initial expenditure.
line has been secured with the maximum gradient against
There are three tunnels
the traffic of but 26 feet per mile.
aggregating about 2,500 feet in length; these are lined
throughout with concrete. The line has over 2,800 feet of
steel bridges of the most modern design, capable of supportNo timber trestle work has been
ing the heaviest train.
employed, solid earth embankments or steel bridges having
been used instead. The track is laid with new steel rails
weighing 80 pounds to the yard.
The Medix Run branch is an old road, formerly used for
lumbering operations, and of lighter construction than the
main line. The Susquehanna & Southern Railroad Company acquired this property in order to own its own tracks
to a connection with the mines of the Buffalo. & Susquehanna
Coal & Coke Company at Medix Run, Pa.
The total cost of the Susquehanna & Southern Railroad property was $4,059,429 55, which, after the merger,
is represented in the accounts of this company by an issue
of Common Stock (in exchange for an equal amount of the
stock of the Susquehanna & Southern Railroad Company)
amounting to $938,900, and an issue of First Refunding
Mortgage 4 per cent bonds amounting to $1,750,000. The
balance of $1,370,529 55 has been paid in cash, the larger
part of which was derived from the sale of the Preferred
Stock of this company sold in 1902 and 1903.
With the business controlled by the Buffalo & Susquehanna Railroad Company through its subsidiary and affiliated companies, together with the traffic not controlled,
but, for natural reasons, certain to come to our road, the
new mileage should show a very satisfactory profit to this
company after the coal properties are fully developed.
BUFFALO
<fc
SUSQUEHANNA RAILWAY.
Substantial progress has been made in the construction of
the line of railroad of the Buffalo & Susquehanna Railway
Company between Buffalo and Wellsville, although, for
reasons which could not be foreseen, completion of the work
has been somewhat delayed. The bridge contractors found
themselves unable to erect the steel bridges as early as was
anticipated; and at the same time more clay was encountered
than had been expected, which interfered with the grading to
[Vol. lxxxi.
a considerable extent.
These have necessarily delayed
track-laying and ballasting.
The delays, however, do not
increase the cost of construction to the company, inasmuch
as all the work is done by contract.
At September 1, 80% of grading, 32% of track-laying,
29% of ballasting, 96% of bridge and culvert masonry,
and 40% of bridge erection had been completed.
The ship canal on the terminal property at Buffalo was
completed in time for the opening of navigation on Lake
Erie this year, and material progress had been made in the
grading and filling of the entire property in preparation for
the yard tracks and the necessary warehouses and other
structures.
Since the close of the fiscal year the Buffalo
[<fe
Susque-
hanna Railway Company has acquired Common Capital
Stock of the Buffalo & Susquehanna Railroad Company of
the par value of $938,900 (being the amount issued by that
company in exchange for the Capital Stock of the Susquehanna & Southern Railroad Company); and the Buffalo &
Susquehanna Railway Company now owns all of the Common
Capital Stock of the Buffalo & Susquehanna Railroad Company.
The furnaces of the Buffalo & Susquehanna Iron Company
have been in operation nearly one year and are producing
most satisfactory results. They are consuming the entire
output of coal and coke from the plants of the Powhatan
Coal & Coke Company at Tyler and Sykesville, Pa. As
soon as the line of railroad of the Buffalo & Susquehanna
Railway Company is completed, all of this tonnage will
At the present time the
reach Buffalo by that route.
Buffalo & Susquehanna Railroad Company is getting only
a comparatively short haul out of this traffic.
On page 1322 will be found the General Balance Sheet of
the Buffalo & Susquehanna Railway Company as of June 30
1905; also a statement of resources and their application
during this fiscal year is shown on page 37 (pamphlet)
NEW RAILROAD
LINES IN PENNSYLVANIA.
As intimated a year ago would be done, a further extension of the line of railroad in Pennsylvania has been started.
This work is prosecuted under the charters of the Southwestern DuBois Railroad Company and the Plumville Railroad Company, but as soon as the properties are completed
the two corporations will be merged with the Buffalo &
Susquehanna Railroad Company. The line of road under
construction by the two companies extends from Juneau,
Pa., to a point in the vicinity of Plumville, Pa., a distance
23 miles. The work on these properties will probably
be far enough advanced to permit the running of coal trains
about November 1 1905.
A contract has been entered into with the Buffalo Rochester & Pittsburgh Railway Company providing for the joint use
of the track of that company from a point near Stanley, Pa.,
to Juneau, Pa. a distance of about sixteen miles, for a period
By this arrangement
of twenty years from January 1 1905.
a large initial expenditure for constructing a line of railroad
parallel with an existing road has been obviated; and it is
believed that, by the joint use of the track referred to,
operating expenses will be materially reduced to both companies.
However, through this arrangement the development of a large coal traffic has been advanced at least one
year.
of
,
The completion
of the
Susquehanna & Southern Railroad
line to Plumville opens a country
very rich in coal, as well as quite productive of agricultural
Considerable traffic in manufactured products
products.
and merchandise will be secured and the passenger traffic,
it is believed, will be as large per mile of road as on the older
and the extension of our
lines.
COAL PROPERTIES.
In the last annual report reference was made to the acquiby the Buffalo & Susquehanna Coal & Coke Company, of a large tract of coal in the Plumville region. Since
that time additional purchases of adjoining land and mining
rights, conservatively estimated to contain 14,000,000 tons
Further
of excellent bituminous coal, have been made.
options are now held on considerable land and mining rights
in the Plumville field, the larger part of which will probably
be acquired. With the completion of the purchases now
contemplated it is conservatively estimated that the Buffalo
& Susquehanna Coal & Coke Company will own coal lands
containing about 120,000,000 tons of coal. This does not
include the lands estimated to contain 25,000,000 tons of
coal owned by the Powhatan Coal & Coke Company.
The Buffalo & Susquehanna Coal & Coke Company has
made substantial progress in the construction of a modern
This is practically a
shaft mining plant at Big Run, Pa.
duplicate of DuBois No. 1 and DuBois No. 2 plants, exConsidercepting that the capacity will be a little larger.
able coal is now on the ground ready for shipment, and the
plant will be put on an operating basis early next spring.
That company is also constructing near Plumville, Pa., a
modern drift mining plant, the capacity of which will be
about 6,000 tons per day. This will be one of the most economical bituminous coal mining plants to operate in Pennsylvania, owing to the exceptionally favorable physical characteristics of the country.
The Powhatan Coal & Coke Company has completed isplant at Sykesville and shipment of coke was started in Fetb
ruary. The Tyler plantjhas^alsojbeen completed and shipsition,
1
THE CHRONICLE.
Oct. 28 1905.
Each of these plants have
of coke was started in May.
200 bee-hive ovens. The company has contracted for the
erection of 200 more ovens during the coming year, which
will then make a total of 600 ovens at both plants.
With the completion of the plants at Pluinville and Big
Run the annual capacity of all the plants of the Buffalo a
Susquehanna Coal «fe Coke Company will be about 2,500,000
ment
that of the plants of the Powhatan Coal & Coke Combe in excess of 250,000 tons; and that of other
shippers tributary to our line should be not less than 250,000
This makes the annual coal and coke tonnage that
tons.
should pass over the hues of the Buffalo & Susquehanna
Railroad about 3,000,000 tons. In time this tonnage should
be largely increased by the development of properties,
owned by other operators that will naturally be tributary
to our road.
tons;
pany
will
1321
revenue freight carried per freight train mile increased from
125.10 tons to 160.02 tons, or 27.91%.
The mileage of revenue passenger trains (including onefourth of mixed trains) decreased from 217,36.'] miles to
217,316 miles, or .02%. The average distance that each
passenger was carried increased from 16.17 miles to 17.19
The average number of passengers carried
miles, or 6 31 %.
per passenger train mile increased from 22 to 23, or 4.55%.
The increase in costof Maintenance of Way and Structures
was due to the charging of a larger amount to cover estimated
This depreciation is charged
depreciation of rails and ties.
currently to operating expenses, and the contra credit is
carried to "Renewal Reserve Fund," and when replacements
of rails and tics are made "Renewal Reserve Fund" account
During the fiscal year 59,321
and 890 tons of new 80-pound
QROSS EARNINGS.
rails were laid in place of lighter rails taken up. The usual
The following statement shows the Gross Earnings of the amount of ballasting, ditching, and repairs to bridges, buildings, fences, etc., was done.
fiscal year in comparison with the previous year:
Compared with the previous year, the tons of revenue
Increase.
Year ended June 30,
1905.
1904.
Amount. Per Cent. freight carried one mile increased 56.26%.
On the other
$937,134 50 $785,164 96 $151,969 54 19.36 hand, the mileage of revenue freight trains (including
Freight Earnings
three220 74
Earnings...
96
136,609 22
.16
136.S29
Passenger
fourths of mixed trains) increased 22.16%; the total freight
9 07
10,666 16
10,657 09
.09
Mall Earnings
25105
5.14 car mileage increased 34.76%; the total locomotive mileage
Express Earnings
5,133 75
4,882 70
Miscellaneous Earnings
40,100 37
25,382 21
14,718 16 57.99 in
freight service (including switching, helping, light, and
Gross Earnings
$1,129,864 74 $962.696 18 $167.168 56 17.36 three-fourths of mixed) increased 26.16%; the average
The number of tons of revenue freight carried increased number of tons of revenue freight carried per car mile infrom 1,327,809 to 1,643,352, or 23.76%. Tons of revenue creased 15.96%, and the average number of tons of revenue
The
freight carried one mile increased from 44,491,861 to 69,523,- freight carried per freight train mile increased 27.91%.
earnings per mile of road increased increase in service thus indicated was the principal cause for
Freight
591 or 56.26%.
from $4,550 89 to $5,433 92, or 19.40%. Average earnings the increase in cost of Maintenance of Equipment. Again,
per ton of revenue freight carried decreased from 59.13 cents the company owned more cars and locomotives this year
Average earnings per ton per than heretofore, and consequently the charges forestimated
to 57.03 cents, or 3.55%.
mile of revenue freight carried decreased from 1.765 cents to depreciation were larger. The usual rates for estimated
depreciation, based on the value of all equipment owned, is
1.348 cents, or 23.63%.
A considerable part of the increase in freight earnings charged to Maintenance of Equipment, the contra credit
as compared with the previous year was occasioned by the being carried to Renewal Reserve Fund account to provide
continued prosperous condition of the lumber trade, there for replacements of equipment when ultimately retired from
being an increase of 12.65% in revenue and 10.17% in service. The expense of all repairs is charged currently
tonnage of all forest products. The prospects are favorable direct to Maintenance of Equipment.
The increase in cost of Conducting Transportation was
for a continuance of the present excellent trade conditions
is
charged with the cost.
cross ties
werep laced
in track,
,
in
lumber.
The increase in tonnage and revenue in bituminous coal,
though noteworthy, was not so great as had been expected,
owing principally to the fact that the company's new lines
of road were only partially open for business and also to the
demoralized condition of the coal markets throughout a
large part of the year.
The revenue received from
all kinds of freight other than
products and bituminous coal and coke increased
10.70%. This shows a satisfactory growth of a diversity
of business of a higher-paying class.
In this connection the following summary will be of interest:
forest
Freight Earnings
per Mile of
1901
1902
1903
1904
1905
Tons Carried
Tons Carried
per Mile of
One Mile per
Road.
$3,625 82
4,026 88
4.781 37
4,550 89
5,433 92
Year ending
June 30:
Road.
Mile of Road.
195.980
218,849
252,229
257,879
403,129
6,174
6,471
7,762
7,696
9,528
During the coming year there should be a further increase
in freight density, owing particularly to a material increase
in coal and coke tonnage.
The number of passengers carried decreased from 298,563
to 285,106, or 4.51%.
The number of passengers carried
one mile increased from 4,827,629 to 4,900,975, or 1.52%.
Passenger earnings per mile of road increased from $791 80
to $793 40, or .20%.
Average earnings per passenger
carried increased from 45.760 cents to 47.993 cents, or
4.88%.
Average earnings per passenger per mile decreased from
2.830 cents to 2.792 cents, or 1.34%.
The following summary shows the growth of passenger
traffic
during the last five years:
Passenger Earnings. Passengers Car- Passengers Carried
per Mile of
ried per Mile of
One Mile per
Road.
Road.
Mile of Road.
$622 24
1,339
21,875
646 61
1.376
22.148
740 57
1,597
25.042
791 80
1,731
27,981
793 40
1,653
28.418
rear Ending
June 30.
1901
1902
1903
1904
1905
A new
contract has been entered into with the American
Express Company which will result in a substantial increase
in revenue from the transportation of express matter.
OPERATING EXPENSES.
The following statement shows the Operating Expenses
and Taxes in comparison with the previous year:
Year Ended June 30,
of
Structures
War
1905.
1904.
and
*.
$162.926 14 $158.62191
Mainfnance of Equipment. 1*8,399 78 126,824 48
Conducting Transportation. 300,663 65 252,066 35
Oen<-rul Expense!
_.
71,35539
67,930 57
Incr>
Amount.
$4,304 23
l
P. C.
2.71
61,575 30 48.55
47,597 30 L8.82
3,424 82 5.04
Total Operating Expenses$723.244 96 $606,343 31 $116,901 65 19.28
30,000 00
29,156 73
843 27
Taxes
occasioned principally by the movement of a much larger
volume of traffic, as explained above.
The increase in General Expenses was practically all
directly and indirectly incidental to the issue of new securities.
The following statement shows the amounts per mile of
road operated charged in Maintenance of Way and Structures,
and the amount per locomotive, per passenger car and per
freight car charged in Maintenance of Equipment, during the
last five years:
War
1905.
Locomotives, each
Passenger Cars, each
Freight Cars, each
..$753.244 96 $635.500 04 $117.744 92 18.53
The mileage of revenue freight trains (including threefourths of mixed trains; increased from 365,663 miles to
434,467 miles, or 22.16%. The average distance that one
ton of revenue freight was carried increased from 33.51 miles
to 42.31 miles, or 26.26 %.
The average number of tons of
1903.
1902.
1901.
$944 71 $919 39 $869 58 $645
1,996 17 1,402 44 1,340 08 1,785
463 49
290 06
290 29
309
59 46
45 18
49 63
45
03 $592 83
64 1,465 75
10
294 62
82
3107
PHYSICAL CONDITION.
Including the lines of the Susquehanna & Southern Railroad, which was acquired as at June 30 1905, there are 242.46
miles of main track.
Of this, 6.62 miles, or 2.73 %, is laid
with eighty-five pound rails; 177.73 miles, or 73.30%, is laid
with eighty-pound rails; 16.19 miles, or 6.68%, is laid with
seventy pound rails; 21.75 miles, or 8.97%, is laid with
sixty-seven pound and sixty-five pound rails, and 20.17
miles, or 8.32%, is laid with sixty pound rails.
As soon as
conditions make it advisable the smaller sizes will be replaced
with eighty-pound and eighty-five pound rails. All sidings
and spurs, as well as all main track, are laid with steel.
The road bed is well drained and ballasted with gravel and
cinders.
The track and bridges are in good condition and
capable of supporting the heavier traffic that will come frora
the new lines.
Station buildings and other structures are
generally in good repair.
The expenditure during the year of $22,788 74 for additions to machinery and buildings at the Galeton shops has
largely increased their capacity.
New water stations at
Hull, Burrows and Elkland, and a new steel bridge replacing
a pile trestle near Gaines, have also been erected.
The work
of changing the line near Gaines has been completed, at a
total cost of $39,654 41.
The equipment list on page 32 (pamphlet) shows all equipment owned and leased as at June 30 1905, compared with
corresponding date of previous year. It will be observed that
there has been a material increase in the equipment, the cost
of which is stated in detail in the statement on page 25
(pamphlet), showing changes in cost of road, property and
equipment.
All
equipment owned and leased
is, in
general,
in excellent
condition and in use.
At the close of the fiscal year there has been ordered, for
delivery in the course of the coming year, 11 locomotives.
100 box cars, 600 coal ears, 50 self-dumping coke ears, 50
Hat ears,
and 15 self-dumping
ballast cars.
GENERAL REMARKS.
Total Operating Expenses
and Taxes
1904.
and Structures, per
mile
On
the whole, the results from the operation of the railroad
properties during the fiscal year show an Improvement over
those of the previous year, notwithstanding a very marked
decrease in the average freight rate per ton per mile carried.
This, however, is a natural result of the larger coal tonnage,
which i.- a low-revenue-paying class of traffic. But, on the
THE CHRONICLE.
1322
other hand, this business can be handled at the lowest pos-
I
sible cost.
I
Arthur W. Tet-le, C.P.A.
John Whitmore,
of the Auditor presenting the usual detailed
statements accompanies and forms a part of the pamphlet
Following the precedent of previous years, the books and
accounts have been examined by certified public accountants,
and their certificate is incorporated in this report, confirming
the statements of the Auditor.
At a meeting of the Board of Directors held June 28 1905,
Mr. C. R. Williams was elected a director to succeed Mr.
W. H. Sullivan, who retires after having served as a director
for over ten years.
Effective June 1 1905, Mr. E. A. Niel was elected Traffic
Manager vice Mr. H. H. Gardiner, who resigned to accept
service with another company.
The Board is again pleased to acknowledge to the officers
and employees its appreciation of their faithlul and efficient
Certified Public Accountants.
New York and
30 Broad Street,
and their loyalty to the interests of the company.
order of the Board.
GOODYEAR,
the
Chairman.
Certified Public Accountants.
ASSETS.
$10,141,590 03
828,776 21
$5,783,177 52
514,946 44
$6,298,123 96
179,950 00
3,250 00
183,200 00
179,950 00
3,250 00
183,200 00
380,486 90
1,140,000 00
1,520,486 90
550,486 90
1,140,000 00
1,690,486 90
1,790,000 00
1 00
1,790,001 00
and Leasehold Interest, Leased Lines
Rolling Equipment, Leased Lines
&
Coke Co.,
viz.:
Purchase Money Notes
Capital Stock
Powhatan Coal & Coke Co., viz.:
Purchase Money Mortgages
,
Capital Stock (nominal value)
1,790,000 00
Keystone Store Co., Capital Stock
Common Capital Stock in Treasury (per contra)
4%
4%
Advances to Susquehanna & Southern RR. Co.
Fuel, Material, and Supplies
1
00
12,000 00
38,365 41
1,790,001 00
50,000 00
1,037,500 00
74,000 00
50,000 00
1,037,500 00
29,000 00
Bonds in Treasury (per contra)
Bonds in-Sinking Funds
Uninvested Sinking Funds
First Ref. Mtge.
First Ref. Mtge.
June 30 1904.
$10,970 366 24
Securities
Coal
30 1905.
June 30 1905.
Cost of Road and Property
Rolling Equpiment
& Susquehanna
York, September 25 1905.
Stockholders
COMPARATIVE GENERAL BALANCE SHEET AS OF JUNE
Buffalo
New
Boston.
and Bondholders of the Buffalo & Susquehanna Railroad Company:
We have made an examination of the books and accounts
of the Buffalo & Susquehanna Railroad Company for the
fiscal year eanded June 30 1905, and hereby certify that the
Balance Sheet and Income and Profit and Loss Accounts
published herewith are in accordance with the books; and
we have satisfied ourselves that they accurately set forth
the results of the year's operations and the financial condition as on June 30 1905.
PATTERSON, TEELE & DENNIS,
To
service
H.
"Dignus"
PATTERSON, TEELE & DENNIS,
report.
F.
Cable Address,
Stuart H. Patterson, C. P.
Richard T. Lingley, C.P.A.
The report
By
Vol. lxxxi
12,000 00
"
~50~,36~5~41
988 15
12,988 15
146,601 29
1,310,000 00
190,942 31
$15,777,520 84
812,637,242 32
$229,759 94
93,472 50
242,557 29
4,424 54
25,963 18
$171,497 27
85,852 50
7,423 57
15,539 90
2,660 71
210,146 20
4,423 37
43,586 42
$628,101 09
S541.129 94
$16,405,621 93
$13,178,372 26
for construction
Total Invested Assets
Cash
Cash with Financial Agents to pay Coupons
Cash in Transit
Due from Agents and Conductors
Due from U. S. Government Postoffice Department
Due from other Roads, Companies and Individuals
10,431 18
18,825 43
2,667 03
Unexpended Insurance
Other Accrued Assets
—
Total Working Assets
LIABILITIES.
Capital Stock,
Capital Stock,
Common, Outstanding
Common, in Treasury (per
June 30 1905.
contra)
$4,456,900 00
1,037,500 00
,
Capital Stock, Preferred, Outstanding
First Ref. Mtge. 4% Bonds- Outstanding.
First Ref. Mtge. 4% Bonds in Treasury (per contra)
First Mtge.
5%
June 30 1904.
$3,518,000 00
1,037,500 00
$5,494,400 00
6,504,000 00
29,000 00
4,282,000 00
74,000 00
~~6~53~3~,00b~66
Bonds Outstanding
310,500 00
$15,243,400 00
Unpaid Pay Rolls
Coupon Interest Unpaid (including that due July
Due other Roads, Companies and Individuals
Dividends Unpaid (including that due July 1st)
Accrued Interest on Funded Debt
Accrued Sinking Fund
$12,222,000 00
$99,958
95,512
135,704
43,985
2,693
1st)
1,369
29,063
64,572
6,474
Accrued Taxes
Special Reserve Funds
Other Accrued Liabilities.
Surplus Leased Lines
Total Working Liabilities
$60,282
85,852
54,918
43,975
3,875
1,390
21,951
20,108
19,618
4,169
72
50
72
00
75
32
26
83
77
fiscal
Dividends have been paid on the Capital Stock
$563,027 70
21,168 01
year
ofl
DIVIDENDS.
& Susquehanna
the Buffalo
Common
$77,202 65
$516,276 52
46,751 18
$584,195 71
Railroad
Company
Outstanding
June
6
..
1%
__
.
-
30.
$1,110,000
1,518,000
1,518,000
1,518,000
1,518,000
1,518,000
3,518,000
3,518,000
3,518,000
3,518,000
3,518,000
as follows:
Preferred Stock.
Stock.
Dividend.
Rate.
Amount.
Outstanding
Rate.
PerCent.
Paid.
June 30.
PerCent.
$44,400
55,500
75,900
75,900
75,900
75,900
138,850
175,900
175,900
175,900
175,900
$3,000,000
3,000,000
3.000,000
64
4
4
4
5
5
5
5
5
a7H
5
5
5
5
$1,518,000; 1J4% on $3,f >18,000.
$1,000,000; 1% on $1,750,00 0; 1% on $1,900,0 00 (less item of
$563,027 70
813,178,372 26
Dividend.
$2,500,000
77
00
82
$316,141 91
$16,405,621 93
6H% on
on
00
00
45
37
898,691 35
Surplus brought forward from previous year
Net Surplus, after payment of dividends during this
a
74
50
26
$479,334 87
Renewal Reserve Funds.
.
4,356,000 00
216,000 00
Total Capital and Mortgage Liabilities
1894-95
1895-96
1896-97
1897-98
1898-99
1899-00
1900-01
1901-02
1902-03
1903-04
1904-05
$4,555,500 00
3,000,000 00
3,000,000 00
i >516
67 referred
t >
in
statement of
Profit
Amount.
Paid.
$70,983 33
120,000 00
120.000 00
and Lose Account);
1%
on
.
.
.
,
THE CHRONICLE
Oct. lS 1905.1
COMPARATIVE STATEMENT OF INCOMK ACCOUNT
For
Two
Earnings
rht
Passenger Earnings
Mail Earnings
ss Earnings
Miscellaneous Earnings
—
100.00 $1.129,864 74 $962.696 18 100.00
Percent
<>/
Way
of
Maintenance of Equipment... it'<.t>7
Conducting Transportation ... 26.60
6.J2
Genera] Expenses
$162,926 14 1168,621
126.824 is
188,399 78
300,563 65 252,966 35
7 .:;.-)5 39
67,930 57
Total Operating Expenses.. 64.01
2.66
-----
$723,244 96 $606,343 31
30.000 00
29,156 73
14.42
—
Taxes
and Taxes
Interest
26.28
7.05
1
6
3.03
,244 96 5035,500 04
66.67
amines from Operation 33.33
Income from
L6.48
18.17
Expenses
Operating
Total
.Securities
owned.
66 0]
$376,619 78 $327,196 14
68.32:; 62
02,109 71
on Current Accounts.
33.99
58 $105,569 90
$12s,7.->l
Total Other Income
$190,861 29 S173.S93 52
Total Available Income
$567,481 07 $501, 0S9 66
Mortgage 5°;
Interest on First
SI 4, 605 63
$16,320 67
177,731 33
2,406 20
2 00
on First Refunding
Mortgage 4 '; Bonds
Sinking Fund Charges
Rentals of Leased Lines.
Estimated depreciation of \ alue
141,063 79
571 77
Inn-rest
1
of Securities
66. 67; per cent.
172. 40. miles.
Average Miles Operated
60.01 per cent.
172.53 miles.
PROFIT AND LOSS ACCOUNT.
Year Ended June 30 1905.
Credits.
Balance brought forward Julv 1 1904
Net Income year ended June 30 1905
$563,027(70
(324,013 74
$887,041 44
Total Credits
Debits.
1% on $3,000,000 Preferred Stock, paid September 1 1904.. $30, 000
Dividend No. 10, \% on $3,000,000 Pre-
Dividend No.
9.
ferred Stock, paid
Dividend No.
11,
December
1%
1
1904.. 30,000
on 83,000,000 Pre-
March 1 1905
30,000
1% on $3,000,000 Prepaid June 1 1905
ferred Stock,
30.000IS1 20,000 00
12,
Dividend No. 22, 1}4% on $3,518,000
Common Stock, paid October I 1904. $43,975
Dividend No. 23,
on $3,518,000
Common Stock, paid January 1 1905. 43,975
Dividend No. 24, \\i% on $3,518,000
Common Stock, paid April 1 1905
43,975
Dividend No. 25, 1H% on 83,518,000
Common Stock, payable July 1 1905.. 43,97518175,900 00
1M%
•
•
Sundry Charges
(net)
6.945173
Total Debits
302,845 73
Balance carried forward June 30 1905
8584,195 71
STATISTICS.
1904.
1905.
Percent
Number
Number
$937,134 50 $785,164 96
81.56
82.94
1,327,809
1 ,643 ,252
69,523,591 44,491,861
of gross earnings.
of tons carried
of tons carried one mile
Average distance one ton carried (miles)
Number
Number
of tons carried per mile of road
of tons carried one mile per mile of
42.31
9,528
road.
Freight earnings per mile of road
rage earnings per ton (cents)..
earnings per ton per mile (cents)
Average number of tons per train
.-'ht earnings per revenue freight train mile..
33.51
7.696
403,129
$5,433 92
57.03
257,879
$4,550 89
59.13
1.765
125.10
$2.20762
1
.348
100.02
$2.15698
Passenger Trallic.
Passenger earnings
$136,829 90 $136,609 22
Per cent of gross earnings
12.11
14.19
her of passengers carried
285,1110
298,563
Number of passengers carried one mile
4,827,629
4,900,675
Av
car'd (m.).
17.19
16.17
iberofpj
carried per mile of road
1,731
1,653
nberofpa
irri«-d
m. per rn. of road
27,981
28,418
r earnings per mile of road
$791 SO
$79:1 40
per passenger (cents)
17.993
16.760
per passenger per mile ((
2.792
2.830
Average number of pa.-r train
22
23
Passenger earns, per revenue pass. tr. m. (cts.).
i,2. Ms
62
:
''
;
<
of issue, April
4%
Bonds.
1
Secured by a first refunding mortgage on the
interest, 4%.
entire property of the company now owned or which may be
hereafter acquired, subject to the hen of the first mortgage
5s on the property covered by that issue, also collaterally
secured on the Addison & Susquehanna Railroad by deposit
with the trustee under the mortgage of all of the capital
stock thereof, on the Wellsville Coudersport & Pine Creek
Railroad, subject to the lien of the first mortgage 5s, and on
the coal property of the Powhatan Coal & Coke Company at
Authorized $15,000,000, as
Tyler, Pa., and Sykesville, Pa.
follows: Issuable for refunding purpose, etc., $3,500,000; for
the purpose of acquiring coal properties, $2,500,000; for the
purpose of acquiring terminals, $2,000,000; and for new
The remaining $5 ,500 ,000 of bonds
equipment ,$1,500 ,000
together with any of the bonds reserved as before stated, but
not used for such purposes, may be issued for the purpose of
constructing or acquiring additional railroad, or for equipment, betterments, and other corporate purposes, but at an
average rate not exceeding $25,000 per mile.
Bonds in
addition to the $15,000,000 may be issued for double tracking at the average rate of $15,000 per mile.
Outstanding
June 30 1905, $6,533,000. Provision is made in the mortgage for a sinking fund of three cents for each gross ton of
coal mined from the property pledged thereunder, to be set
aside annually, in January, and invested in bonds, if they
can be bought at 110% and interest, or, with the approval
of the trustee, at a higher price; otherwise to be invested in
securities in which savings banks at the time shall be authorized to invest under the laws of New York.
Denomination
of coupon bonds $1,000; of registered bonds, $1,000, $5,000,
and $10,000. Coupon bonds may be registered as to principal or exchanged for fully registered certificates, which are
re-convertible into coupon bonds.
A legal investment for
Years Ended June 30.
Freight Tragic.
Freight earnings
1
1
.
ferred Stock, paid
Dividend No.
5%
1901.
Date of maturity, April 1
1951. Principal and interest payable in gold, free of all
Interest payable January 1st and July 1st.
Rate of
taxes.
$324,013 74 S343.131 43
Percentage of Operating Expenses and Taxes to Gross
Earnings
Mortgage
First Refunding Mortgage
8243,407 33 8157,958 23
Net Income
ULROAD COMPANY.
Bonds.
Date of maturity, October
1863.
Date of issue, October
Principal and interest payable in gold, free of all
1913.
Interest payable April 1st and October 1st.
Rate
taxes.
Secured by a direct first lien on 101.53
of interest, 5%.
miles Of road, and additionally secured by deposit with the
lee under the mortgage of the entire stock and bond
issues of the Wellsville Coudersport & Pine Creek Railroad
Company, Outstanding, June 30 1905, $210,000, of which
No
$26,500 have been called for payment October 1 1905.
more bonds can be issued under this mortgage. A sinking
fund retires each year, in October, an amount of bonds
equivalent to the sum found by dividing the total amount
outstanding by the number of years to the maturity of the
mortgage. The bonds are subject to call for the sinking
fund at par in the order of their numbers, beginning with the
Coupon bonds, series A, $1,000; series B, $500;
highest.
Interest
in; iy be registered as to principal or fully registered.
payable in New York at the office of Harvey Fisk & Sons.
First
Date
Total Deductions.
4,914,618
48 1,560
Involving the use of train mileage results.
2 00
"22 17
owned
830,297
6,622,882
609,637
-The above statistics are based on revenue freight tonnage and
te.
do not Include tonnage or revenue on company material. The mil
ol revenue mixed trains is apportioned three-fourths as freight train
mileage and one-fourt li as passenger (rain mileage, in making calculations
i;
and
'.ii
1904.
5,668
736,
'.mi:.
676,1 L9
rotal locomotive mileage
Total freight car mileage
Total passenger car mileage..-
C
Bamings.
Earnings.
Total train mileage
DESCRIPTION OF FUNDED DEBT BUFFALO & SUSQUEHANNA
1\
o/ Orvsa
itenance
Structures
1
Years Undid June 30 1905.
—1903-01
1804-05
Amount. Per Cent
Amount.
Percent.
.134 ">0 $785,164 96
81.56
82.94
136,609 22
14.19
J29 96
12.11
1.11
10,657 09
10, f><>(» 16
..
.94
382 TO
.51
5,183 75
.46
25,382 21
2.63
40.100 37
3.55
Total Gross Earnings
1323
1
.Miscellaneous.
savings banks in Conncticut, New Hampshire and New
Jersey.
Interest payable in New York at the office of Fisk
& Robinson. Listed on the New York Stock Exchange.
Preferred Stock.
The holders
preference
Company
and
be entitled in
of the preferred stock shall
priority over the common
to dividends in each
stock of said
year, at such
payable out of the net
and every
fiscal
not exceeding 4% per annum,
be declared by the Board of Directors, and
without deduction of any tax or taxes imposed by the
rate,
profits, as shall
fJnited States, or by any State or municipality thereof, that
the Railroad Company may at any time be required to pay
or to retain therefrom. Such dividends are non-cumulative,
and such preferred stock is entitled to no other or further
share of the profits.
In case of dissolution or liquidation of the Company, the
holders of the preferred stock will be entitled to receive the
par amount of their stock out of the
ompany
in priority to the common stock.
The [(referred stock has equal voting power with the
common stock.
Under the terms of a contract dated January
1903,
between the Buffalo & Susquehanna Railway Company and
In- Buffalo & Susquehanna Hailroad Company, it is provided
that the Buffalo & Susquehanna Railway Company, as
soon as it - line of railroad shall be complete d equipped, and
ready for operation from Wellsville to Buffalo, shall lease
from the railroad all the lines of road now owned or controlled by the railroad, or which may be merged into or controlled by it at the date of such merger. This lease is to be for
a term of 999 y< are from the date ofexecutlon thereof.
1
Average miles of road operated
Gross earnings per mile of mad
'•use, and taxe s n ftr mile of road.
per mile of road
Hatnt. of way A struct, per mile main track
cost of repairs per locomotive
Av. cost of repairs per car of cars in freight serv.
Ay.
cost of repairs per car of cars in pass, service
Mileage of revenue freight trains
nne passenger trains
Mileage of revenue mixed trains
Mileage of non-revenue trains
172.46
$6,551 46
,.i07 65
2,1 v; \1
944 71
1,990 17
I
463
n
191
90'o05
24
L72.63
$6,5'
3,688 12
1^96 46
•no 36
1,402 it
45 is
290 06
282,946
193,124
t
,
J
THE CHRONICLE.
3*24
As rental under the terms of the lease it is provided that the
railways shall pay interest on the mortgage bonds and other
corporate obligations of the railroad, and that it shall guarantee
to the holders of preferred stock of the railroad a dividend of
4% per annum on such preferred stock, which guaranty shall,
upon request of the holders thereof, be stamped on all the
certificates of such perferred stock; such dividend to be paid
quarterly on the first days of March, June, September and
December; such payments
to be
made
any tax of any
imposed by the United
kind,
be reserved
in the lease.
First Mortgage 4 J^
Date
% Bonds
Date of maturity, April 1
Principal and interest payable in gold, free of all
Interest payable May 1st and
November 1st.
Rate of interest, 43^%. Secured by a direct first mortgage
lien on all of the property of the company now owned or
which may be acquired hereafter, including particularly
the terminal property of fifty acres, more or less, on Lake
Erie, partly in the city of Buffalo and partly in the town of
West Seneca, and including also the line of railway in
of
issue April
1
1903.
1953.
taxes.
,
lxxsl
process of construction from Wellsville, N. Y., to Buffalo,
i
:
i
free of
character or description
States, or any of the States of municipalties therein the collection of which shall be made or directed to be made by or
through the means or agency of either the railroad or railway;
any such tax to be paid by the railway as part of the rent to
[Vol.
I
about eighty-five miles, with its equipment and appurtenances; also collaterally secured by deposit with the trustee of
$3,518,000 of the common capital stock of the Buffalo &
Susquehanna Railroad Company, being substantially the
entire amount outstanding, together with any additional
shares of said stock that may be issued hereafter, and by the
pledge of a perpetual lease of the railroad to the Railway
Company, to be executed upon the completion of the railway
from Wellsville to Buffalo. (Since the close of the fiscal
year there has been deposited with the trustee $938,900
additional common stock of the Buffalo & Susquehanna
Railroad Company.) Authorized, $6,000,000, as follows:
Issuable for the general purposes of the company, $1 ,000,000;
for the acquisition of terminals, $1,500,000; for the construction and equipment of the railway, $3,500,000.
Outstanding, $4,450,000.
Provision is made for a sinking fund
of $50,000 per annum, and, in addition, one per cent of the
par value of all bonds outstanding in excess of $5,000,000, to
become operative on April 1 1910. Denomination of coupon
bonds, $1,000; of registered bonds, $1,000, $5,000 and
Coupon bonds may be registered as to principal
$10,000.
or be exchanged for fully registered certificates, which are
re-convertible into coupon bonds. Interest payable in New
York at the office of Fisk & Robinson. To be listed on the
New York
Stock Exchange.
SLOSS-SHEFFIELD STEEL & IRON COMPANY.
OFFICIAL STATEMENT TO
NEW YORK STOCK EXCHANGE
$2,500,000
IN CONNECTION WITH THE LISTING OF
ADDITIONAL COMMON CAPITAL STOCK.
New York, October
& Iron Company hereby
11 1905.
applies for
Sloss-Sheffield Steel
the listing on the New York Stock Exchange of $2,500,000
additional authorized and issued Common Capital Stock of
said Company, all full-paid and non-assessable.
On the 26th of April 1900 an application was made to the
New York Stock Exchange for the listing of all the then issued Capital Stock, to wit, $6,700,000 Seven per Cent NonCumulative Preferred Stock and $7,500,000 Common Stock,
and on the 13th day of June 1900 the $6,700,000 Seven per
Cent Non-Cumulative Preferred Stock and $7,500,000 Common Stock were admitted to the list.
Sloss-Sheffield Steel & Iron Company was incorporated on
the 16th day of August 1899, with an authorized Capital
Stock of $20,000,000, divided into 200,000 shares of the par
Of such total authorized Capital Stock
value of $100 each.
of the Corporation, 100,000 shares, amounting to $10,000,000, is Preferred Stock and 100,000 shares, amounting to $10,000,000, is Common Stock.
On the 12th day of September 1905 at a meeting of the
Board of Directors duly called and regularly held, and pursuant to the recommendation of the Executive Committee
adopted at a meeting held on the 11th day of September
1905, duly called and regularly held, the following Resolution was adopted by the said Board of Directors:
"Whereas, this Company has since its formation and prior to the
commencement of the present fiscal year invested from its earnings
sums in excess of $2,500,000 in the acquisition of new real and personal
and in the betterment and development of properties already
owned by the Company, which investments were made from moneys
applicable from time to time to dividends upon the Common Stock of
tiiis Company; and
"Whereas, such inv estments were made without the issue of additional
securities of any kind and
"Whereas, in the j udgment of the Board the property of the Company
properties
;
has been from time to time increased as a
result of such
investments
amounts in excess of the sum of $2, 500, 000:
"Now, Therefore, Resolved, that a stock dividend of Thirty-three and
One-third per cent be declared upon the Common Stock of the Com-
in
pany, payable October 2 1905 to stockholders of record at the close of
business September 20 1905. Transfer books of the Common Stock
to close at 3 p. m. September 20 1905 and re-open October 3 1905.
"Resolved, that until the stock represented by this dividend may
be listed upon the New York Stock Exchange negotiable ad interim
Certificates of the Central Trust Company of New York be delivered to
the stockholders, exchangeable for definitive Stock Certificates when
and as soon as the same are, after listing, available for delivery to the
holders of such ad interim Certificates."
This resolution complies in all respects with the laws of the
State of New Jersey, under which the Charter of this Company was obtained, and is in all respects legal, proper and
authorized, and the securities issued by virtue thereof are
legally issued and are full-paid and non-assessable.
Since the organization of the Company and the original
issue of its stock, all of which has been heretofore, as above
stated, listed on the New York Stock Exchange, the sum of
$3,325,214 02 in cash has been invested by the Company in
betterment and development of properties owned by the
Corporation, and in the acquisition of additional real and
Of this sum of $3,325,214 02, over
personal properties.
$2,500,000 was net earnings of the Company available for
dividends upon the Common stock of the Company, but used
instead of for the purpose of dividends, in the acquisition of
such additional real and personal properties and in the improvement and betterment of the properties already owned
by the Company. A summary of these investments and
the locations is as follows:
City furnace department
North Birmingham department
Sheffield department
Coalburg department
Brookside department
Blossburg department
America department
Drifton department.
Flat Top department
Sloss mines department
Russellville department
North Birmingham Dolomite Quarry
Florence department
Ivy department
§521,754 4
271,980 3
257,138 6
14,021 7'
61,724 30
145,064 02
14,557 48
94,650 63
256,843 08
133 ,453 13
436,620 10
12,052 44
167,161 74
32,544 68
710,212 56
201 ,964 90
Real estate
Sloss Iron & Steel Co.' s stock purchased
S3.331.744 29
Less credit account of property transferred:
Irondale
Cahaba Valley brown ore mines
New Orleans agency
31,289 08
4,881 39
359 80
Total
6,530 27
83,325,214 02
There has been
by
no change
in the
ownership of stock or
Company except
that in the previous
applications the holdings of the Sloss-Sheffield Steel & Iron
Company in the Sloss Iron & Steel Company were given as
Subsequently the Company acquired the
49,970 shares.
remaining outstanding 30 shares. The Sloss Iron & Steel
Company property was, as stated in the original application,
and is now subject to two existing Mortgages, to wit, a First
Mortgage securing an issue of $2,000,000 of Sloss Iron &
Steel Company Six per Cent Bonds, and a General Mortgage
securing an issue of $2,000 000 of Four and One-half per Cent
Sloss Iron & Steel Company Bonds.
The Sloss-Sheffield Steel & Iron Company took a conveyance of all of the real and personal property of the Sloss-Iron
& Steel Company, except a piece of real property worth
about $100,000, surrendered all of its stock, and reduced the
capitalization of the Sloss Iron & Steel Company to the sum
This conveyof $100,000, and now holds all of this stock.
ance brought the properties of the Sloss Iron & Steel Company directly under the ownership and operation of the
Sloss-Sheffield Steel & Iron Company, and yet, by reason of
the keeping alive of the Charter of the Sloss Iron & Steel
Company, preserved the rights which that Charter gave its
stockholders; so that the Sloss-Sheffield Steel & Iron Company now owns the same property in fee and by stock ownership, rather than by stock ownership only.
With the exception of the bonds secured by the Mortgages above mentioned, there are no liens or encumbrances
or charges of any kind or nature against any of the real and
personal property of the Sloss-Sheffield Steel & Iron Comsecurities held
this
pany.
The property of the Lady Ensley Coal, Iron & Railroad
Company, a description of which is given upon the original
application for listing, is now completely in the possession
of the Sloss-Sheffield Steel & Iron Company, all equities,
outstanding bonds, judgments and claims have been acquired by this applicant Company under foreclosure proceedings, and the" property reduced to physical possession,
and is being rapidly developed and operated.
This Company has paid regularly quarterly dividends of
One and Three-quarters per Cent on its Preferred Capital
Stock, commencing such payments on the 4th day of April
1900, and has paid two semi-annual dividends of Two and
THE CHRONICLE
Oct. 28 1905.
One-half per Cent each on its Common Stock Capital, in addition to the stock dividend o( Thirty-three and One-third
per Cent.
Following is a balance sheet of the Company as the same
stood at the close of the last fiscal year of the Company, to
wit, November 30 1904, and following the balance sheet
appears a statement of earnings up to and including the
day
31st
August 1905.
of
& [RON COMBALANCE SHEET. 8L088-SHEFFIELD STEELICMHKH
30 1004.
PANY. FOR THE FISCAL YEAR ENDING SON
Id sources.
$18,875,306
269,700
-311,991
1,344,108
46 1,997
164,938
-147,337
:'>7
12, Oil 7
...
Property account
Treasury securities
Stocks and bonds of other companies
a. bills and accounts receivable
Supplies, raw and tinislied material at cost
Stocks in Company's stores and warehouses.
Extraordinary repair and renewal fund
Insurance and taxes unexpired
B0
on
B7
89
71
89
48
21.0S0.45181
Liabilities.
$6 ,700.000
7,500,000
Capit al Stock Preferred
Capital Stock Common
,
,
14,200,000 00
Iron
Steel
It
Mortgage
Mortgage
6*
','
Company:
Bonds, 1920...
Bonds, 1918
4H%
S2.000.000
2,000,000
4,000,000 00
484,947 96
65,104 40
000 00
2,330,399 45
Current accounts
Pav
rolls
(current
month)
payable
Bills
Profit
and
-
loss
821,080,451 81
1325
COMMERCIAL EPITOME.
Friday Night, Oct. 27 1905.
Exceptional activity Of business has been experienced the
past week in several lines of trade, and the indications favor
Reports from the iron and steel
continued active markets.
The serious
trades have been of record sales and production.
labor troubles in Russia are expected to interfere with the
movement of the grain crops of that country. European
grain markets have advanced and exporters have been large
Reports
buyers, in this country, of the various grains.
from the dry goods trade have reported business active, and
in cotton goods buyers find it difficult to find mills willing to
Weather
accept orders ahead with a guaranteed delivery.
conditions have been more seasonable, and there has been
some improvement in business with jobbers and dealers in
seasonable goods.
Lard on the spot has been offered at lower prices and at the
At the close
decline exporters have been moderate buyers.
the market was steady, with prime Western at 7.50c. and
The demand for lard has been
prime City at 7c.
limited and prices have weakened, closing at 7.75c. for
Speculation in lard for future
refined for the Continent.
delivery has been quiet and prices have declined, although
the close was steadier on reports of an improving export
demand. The close was steady.
STATEMENT OF EARNINGS OF SLOSS-SHEFFIELD STEEL &
IRON COMPANY SINCE NOVEMBER 30 1904, UP
DAILY CLOSING PRICES OF LARD FUTURES IN CHICAGO.
TO AND INCLUDING AUGUST 31 1905.
Thurs.
from operations for first six months of fiscal year
to and including May 31 1905, after deductions for depreciation, etc., interest and Preferred Stock dividends. .
Net
Sat.
profits
Profits
October delivery. 7.10
$359,966 37
From which quarter deduct
5391,423 38
for depreciations
36,820 16
Total net earnings for quarter ending Aug$354,603 22
ust 31 1905
Deduct three months accrued interest on
bonds and three months proportion taxes.
7.05
7.07
6.80
6.92}^
H
Fri.
7.05
7.02)4
6.77H
6.90
but prices have held
$16@16 25 for mess, $14@16 25 for short
Cut meats have had a fair
clear and $17 50@18 for family.
sale to jobbers, and there has been a moderate business with
exporters, closing at 6^c. for pickled shoulders, 9%@10c.
C for pickled bellies, 16 and 10
for pickled hams and
Beef has been in moderate demand and
lbs. average.
steady, closing at $8 75@9 25 for mess; $10 50@11 50 for
packet; $12@13 for family and $17@17 50 for extra India
mess in tcs. Tallow has advanced slightly, closing steady at
4%c. Stearines have been quiet and easier, closing at 7 J4@
7%c. for lard stearine and 7c. for oleo stearine. Cotton-seed
The
oil has been in fair demand and prices have advanced.
Butter has
close was steady at 26@26J^ for prime yellow.
continued to advance for choice grades, closing at 16\i@
Cheese has advanced and the close
23J^c. for creamery.
was firm at 12@12^c. for State factory, full cream. Fresh
eggs have been in light supply and prices have advanced to
25H@26c. for best Western
Brazil grades of coffee have continued in light demand,
and as there has been some pressure to sell prices have declined.
The close was steady at 8 5-16c. for Rio No. 7 and
8%c. for Santos No. 4. The demand for West Indiagrowths has been dull and prices have yielded slightly,
closing at 9%c. for good Cucuta and 11 J^c. for good average
Bogota. Speculation in the market for contracts has been
moderately active and under selling for the account of tired
speculative holders to liquidate their accounts, and by
Europe, prices have declined. The close was steadier on
shorts covering.
The following were the closing asked prices.
8H@9M
60,000 00
$294,603 22
Deduct quarterly dividend on Preferred
114,000 00
Stock
1 80 ,603 22
Tot al net profits for quarter ending August 3 1 1 905
359,966 37
Net profits from operations of first six months of fiscal year.
2,330,399 45
Surplus carried over at end of last fiscal year
Total surplus August 31 1905
sale,
Wed.
7.05
7.02)4
6.75
6.90
steady, closing at
and charges to extraordinary repair and
renewal fund
deliv'y 7.07)4
Tues.
7.02)4
6.97)4
6.75
6.90
6.77)4
May delivery
Pork has had only a limited
from operations for quarter ending Aug-
ust 31 1905
November
January delivery. 6.77)4
Mon.
7.02)4
7.00
6.72)4
$2,870,969 04
Filed herewith is opinion of counsel that the real properties acquired since the formation of the Company have been
acquired free and clear of liens, encumbrances or debts,
and are still free and clear of liens, encumbrances or debts,
and the further opinion of counsel that a complete title
exists in the Sloss-Sheffield Steel & Iron Company to the
properties of the Lady Ensley Coal, Iron & Railroad Company, free and clear of any claims or pretence of claims of
any other person or corporation, and a further opinion that
the properties of the Sloss Iron & Steel Company heretofore
conveyed in fee to this company are free and clear of liens
and encumbrances, except as above stated; and opinion of
counsel that the stock dividend of Thirty-three and One-third
per cent upon the Common Capital Stock was regularly and
legally declared and that the stock is regularly and legally
issued and that all proceedings were valid and effectual,
and that the stock is full-paid and non-assessable.
The officers of the company are as follows: President,
J.
C. Maben, Birmingham, Ala.; First Vice-President,
Joseph Bryan, Richmond, Va.; Secretary and Treasurer,
E. L. Morris, Birmingham, Ala.
The Executive Committee is as follows: W. G. Oakman,
Chairman, Joseph Bryan, W. H. Goadby, F. P. Olcott,
J. N. Wallace, J. C. Maben.
The Directors of the Company are as follows: A. B.
Andrews, Raleigh, N. C; Joseph Bryan, Richmond, Va.;
James H. Dooley, Richmond, Va.; W. H. Goadby, New York
City; Adrian H. Larkin, New York City; J. C. Maben, Birmingham, Ala.; Richard Mortimer, New York City; W. G.
Oakman, New York City; F. P. Olcott, New York City;
George Parsons, New York City; E. W. Rucker, Birmingham,
Ala.; H. O. Seixas, New York City; J. N. Wallace, New
York City; Moses Taylor, New York City; R. B. Van Cortlandt, New York City.
The annual meetings are held on the first Tuesday in
-
7.20c.
6.85c. IMay
October
6.60c. January
7.35c.
6.95c. I.July
November
6.60c. February
7.50c.
|September
7.00c.
December
6.70c. March
lower prices, but the close was
Raw sugars have sold at
steady at 3J^c. for centrifugals, 96-deg. test, and for muscovado, 89-deg. test. Refined sugar has been dull, closing
easy at 4.50c. for granulated. Cloves have been more
Teas have been in moderate demand at
steady prices.
A fair export business has been transacted in Kentucky
tobacco and at a steady basis of values. Business in the
market for seed leaf tobacco has continued fairly brisk and at
firm prices; fair sales of Zimmers Spanish and Gebhart have
been reported. It is understood that but little of the 1904
New York State and Penn. Broad leaf is left to be marketed.
Sumatra tobacco has had a fair sale at firm prices. Havana
tobacco has been more active and firm.
Business in the market for Straits tin has been quiet and
only slight changes have occurred in prices. The close was
steady at 32.40@32.60c. Ingot copper has continued
March. The fiscal year ends on November 30.
quiet and prices have been unchanged and nominal at lO^
The Registrar of the Company is the Guaranty Trust @165^c. for Lake and electrolytic. Lead has been in light
Company of New York.
supply and firm, closing at 5.30c. Spelter has been firm,
The Transfer Agent of the Company is the Central Trust closing at 6.20(«:6.25c. Pig iron has been in active demand,
Company of New York.
closing firm at $17 50(7/17 75 for No. £ Northern and $17 25
All of which is respectfully submitted.
@17 50 for No. 2 Southern.
SLOSS-SHEFFIELD STEEL & IRON COMPANY,
Refined petroleum has been in fair demand and firm,
closing at 7.70c. in barrels, L0.40c. in eases and 4.75c. in
3y W. G. OAKMAN, Chairman Executive Committee.
bulk.
Naphtha has been unchanged at L2c. for 71 degree*
12e. for 7G degrees.
Credit balances have been unThe Committee on Stock Lists recommends that the above and
mentioned 82,500,000 additional Common Stock be added changed, closing at 1.61c. Spirits turpentine has been
Rosins ha\<to the amount now on the list, making the total amount unsettled, closing slightly higher at 71 .'-,.(
listed to date, $10,000,000.
advaneed slightly for the low grades to 4.07H f " r common
been transacted In
and good strained. A fair busin<
W. H. GRANBERY, Chairman.
Wool has had a
GEORGE W. ELY, Secretary.
Pacific
oast hops at slightly lower prices.
fair sale at firm pri<
Adopted by the Governing Committee Oct. 25 1905
active and firmer.
<
THE CHRONICLE
1326
[Vol,, lxxxi.
COTTON.
On Shipboard, Not
27 1905.
by our
THE MOVEMENT OF THE CROP
For the
telegrams from the South to-night is given below.
week ending this evening the total receipts have reached
292,460 bales, against 321,919 bales last week and 344,925
bales the previous week, making the total receipts since the
1st of September 1905 2,227,763 bales, against 2,647,209
bales for the same period of 1904, showing a decrease since
Sept .1 1905 of 419,446 bales.
Friday Night,
Oct.
as indicated
Receipts at
—
Mon.
Tues.
Wed.
13,485
16,082
28,434
15,566
18,295
Y.652
488
¥",168
10,871
150
11,388
Y,702
831
476
9~,052
3,121
10,021
2,718
7,711
11,205
l",427
"828
"714
"l",264
Sat.
Galveston
Pt. Arthur, Ac
New Orleans..
Mobile
Pensacola, &c.
5,900
8,108
Savannah
Brunswick
"753
Charleston
Georget'wn,&c
Wilmington ..
Washingt'n,&c
1,117
Fri.
Total.
13,972 105,834
.9,996
9,996
4,512 47,607
1,716
9,991
100
6,626
8,774 58,057
4,822
4,822
1,799
6,785
38
38
T,7Q7
Norfolk
N'port N., Ac-
3",343
3",
142
2,599
3",833
3,735
18,359
271
~3~,774
5",
131
3J36
2",
188
4",953
22",653
169
169
""55
50
2",
New York
"50
Boston
Baltimore
2
""29
"50
"50
Philadelphia..
Tot. this week
46,815
40,316
62,462
This
week.
Galveston
Pt. Arthur, &c
New Orleans
Mobile
&c
Charleston
Georgetown, &c
Wilmington
Washington, &c
18,359
Norfolk
22",053
204,898
1,260
This
week.
SinceSep.
1 1904.
532
31,048
279
727
5,475
4,226
1905.
1904
891,634 220,330 187,319
9,066
483,495 126",290 203",847
84,997 43,753 40,385
25,328
646,225 165J59 147~342
38,682 19,524
4,875
108,912 42,948 23,799
118
151,096 15",254 18", 602
91
161
1,386
830
169
50
86
1,862
125
Philadelphia
Totals
Stock.
13
Boston
Baltimore
56,490 292,460
total receipts, the total
836,288 109,022
20,776
1,217
203,752 100,231
77,040 14,715
23,733 10,065
583,692 91,005
32,708
2,560
88,077 12,850
139
25
144,337 20,814
38
Newport News,&c.
New York
25
1904.
SinceSep,
1 1905.
105,834
9,996
47,607
9,991
6,626
£8,057
4,822
6,785
Savannah
Brunswick
86
1,862
125
1,862
and the stocks to-night, compared with
1905.
Receipts to
Oct. 27.
47,004
39,373
The following shows the week's
since Sept. 1 1905,
last year.
Pensacola,
Thurs.
200
5l",630
19",698
727 244",732
670
4,244
3,438
5,676
849
3,087
7V.574
200,538
1,403
1,791
2,897
5,164
292,460 2,227,763 396,318 2,647,209 943,227 727,793
In order that comparison may be made with other years,
give below the totals at leading ports for six seasons:
we
Receipts at
1905.
Galv'n, &c.
1904.
115,830
47,607
9,991
58,057
6,823
18,359
22,053
169
1903.
All others..
13,571
110,239
100,231
14,715
91,005
12,875
20,827
31,048
279
15,099
wk
292,460
396,318
NewOrleans
Mobile
Savannah .
&c
Ch'ston,
Wilm't.,&c
Norfolk
N'p'tN.,&c
Tot. this
SinceSep.
1
1902.
1901.
1900.
148,691
92,771
16,436
64,174
13,581
24,215
23,200
162
15,722
94,373
93,960
11,170
47,322
13,235
14,315
16,548
204
13,604
113,611
120,976
9,393
70,642
10,996
12,296
32,048
534
35,794
103,930
100,394
5,907
35,373
11,245
6,700
13,354
2,425
21,105
398,952
364,731
406,290
300,453
2,227,763 2,647,209 1,979,581 2,256,976 2,057,112 2,220,683
The exports
for the week ending this evening reach a total
of 208'695 bales, of which 123,259 were to Great Britain,
23,431 to France and 62,005 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1905.
Week ending
Oct. 27
1905
From
Sept.
Exported to
Exports
trom
Great
Britain. Fr'nce
Galveston
48,980 23.431
Port Arthur, &c 9,591
New Orleans.. 17.187
Mobile
"6*77"
Pensacola
Savannah
20,851
Brunswick
Contlnent.
3,000 75,411
9,591
1*1*031 28,218
8,875
8,875
6.776
11*350 32,201
Charleston
21,900 21,900
Norfolk
Newport News.
New York
Boston
Baltimore
Philadelphia ..
Portland, Me..
San Francisco.
7,844
2.664
6,197
3,169
Tacoma
•
Total
Total 1904
"l".~50
500
100
Seattle
Portland, Ore
4,099
1905 to Oct. 27 1905.
Great
Total.
..
Wilmington
1
Exported to
11.943
2,664
7,347
3,169
Britain.
France!
Continent.
271,466 138,8231
151,143
9.591:
54,9.4! 23,709
9,9221
Total.
27,929
3.401
7,896
35.992
8,875
15,712
237.006
6.911
561.432
19,513
114.675
12,377
31,233
272,831
10,372
58,854
5.225
64",239:
12~8"318
1,200
1.200
451
101,726
25,629
38,613
12,315
3,502
15.521
""451
47,304
24,058
22,541
12,315
638
I
6,563
47*8591
2,700
13,372
1.5711
500
100
at—
Britain.
France
5,171
27.971
4,300
13,691
5,700
7,427
40,367
13,500
6",350
3",373
Other
"466
New Orleans..
Galveston
Savannah
Charleston
Mobile
Norfolk
many. Foreign
New York
2",800
2,000
28,664 75,194
39,003 53,374
79,872 101,976
28,228
37,227
39,215
40,289 229,667 713,560
12 072 248,564 479,229
18;836 300,893 324,176
Speculation in cotton for future delivery has been active
buyers to cover contracts; the frost reports also served to
bring considerable new buying for investment account into
the market.
On Wednesday the report of the Census Bureau
was issued, showing that the amount of cotton ginned to
Oct. 18th was 4,940,728 bales, round bales being counted as
half bales.
During the same period last year the amount
ginned was 6,417,894 bales. The amount reported ginned
this year was smaller than generally expected, and started a
fresh wave of buying, on which prices made a considerable
advance. Many interests in the market, influenced by the
reports of damage to the crop by frost, and the Census
Bureau's report of the amount of cotton ginned, were reducing
estimates and this increased bullish sentiment existing
in the market.
Thursday there was an easier turn to prices.
Recent speculative buyers became free sellers to realize
profits, and under their offerings the market weakened.
To-day the market opened slightly easier. During the day,
however, fairly good buying, coming in part, it was understood, from spot houses developed.
The amount of cotton
in sight for the week reached only moderate figures and prices
advanced. The close was very steady at a net gain for the
day of 12@16 points. Cotton on the spot has advanced
and the close was firm at 10.65c. for middling uplands.
The rates on and off middling, as established Nov. 18 1903
by the Revision Committee, at which grades other than
middling
may
be delivered on contract, are as follows:
Fair
c.
Middling Fair..
Strict Good Middling
Good Middling
Strict Low Middling
Low Middling
Strict Good Ordinary
Good Ordinary
Strict Good Middling Tinged...
On
1.30 on
0.96
0.62
0.44
0.14
0.38
0.72
1.00
0.30
oft Middling
off Strict
Stained.
Middling Stained...
Low
on Low Middling Stained
this basis the official prices for a
week would be as follows:
597,0611,334,582
92,460 52,032 159,421303,913,
904.115 208, S04
660,9191,773.838
0.05
0.12
0.34
0.50
0.84
0.50
off
off
off
off
off
off
1.06 off
1.50 off
few of the grades for
UPLANDS.
Sat.
Mon.
Tues.
Wed.
Thurs.
Good Ordinary.
9.40
10.02
10.40
10.84
11.36
9.50
10.12
10.50
10.94
11.46
9.65
10.27
10.65
11.09
11.61
9.65
10.27
10.65
11.09
11.61
9.65
10.27
10.65
11.09
11.61
Sat.
Mon,
Tues.
Wed.
Thurs.
Middling..
Middling
Good MiddlingMiddling Fair..
9.65
10.27
10.65
11.09
11.61
9.75
10.37
10.75
11.19
11.71
9.90
10.52
10.90
11.34
11.86
9.90
10.52
10.90
11.34
11.86
9.90
10.52
10.90
11.34
11.86
STAINED.
Sat.
Mon.
Tues.
Wed.
Thurs.
8.90
9.90
10.06
10.40
9.00
10.00
10.16
10.50
9.15
10.15
10.31
10.65
9.15
10.15
10.31
10.65
9.15
10.15
10.31
10.65
Low
Middling..
Middling
Good Middling.
Middling Fair..
GULF.
Good Ordinary.
Low
Low
Middling
Middling
Strict Low Mid. Tinged.
Good Middling Tinged.
Fri.
9.65
10.27
10.65
11.09
11.61
Fri.
9.90
10.52
10.90
11.34
11.86
Fri.
9.15
10.15
10.31
10.65
The quotations for middling upland at New York on
October 27 for each of the past 32 years have been as follows:
1905.C.10.65
1904.
1903.
1902.
1901.
1900.
1899.
1898.
.. 9.90
..10.35
.. 8.70
..
...
--
m
Wt.
7 5-16
5%
1897. c. 6 1-16
1896... 7 15-16
1895...
1894... 5 13-16
1893... 8 3-16
1892...
1891.
Si
1890. -.10 1-16
1889. c. 10)^
1888. .. 9 13-16
1887... 9 11-16
1886-.- 9\i
1885... 9M
1884... 9H
1883. -.10^
1882. ..10 11-16
MARKET AND
1881.c.ll%
1880. ..11 1-16
1879. ..U%
1878... 9%
1877. --11M
1876. .-11
1S75--.14%
1874. -.14%
SALES.
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 how the market for spots and futures closed on
same days.
Sales of Spot and Contract.
Futures
Spot Market
Market
Ex-
Closed.
552,605;i84,916
Even
Good Middling Tinged-
on Strict Middling Tinged
c.
on Middling Tinged
on Strict Low Middling Tinged
off Low Middling Tinged
off Strict Good Ordinary Tinged...
the past
3,053
106
100
62,005 208,695
stock.
and there has been a fair advance in prices. Advices received from the South reported cold weather and frost over
Sunday, and this resulted in a sharp upturn to prices. Bear
operators became nervous and entered the market as free
.
123.259 23.431
Leaving
Total.
l",506
900
5", 500
8,000
Total 1905.. 57,292
Total 1904.. 106,888
Total 1 903 .. 60,994
Coastwise.
12,000
5,000
Other ports
—
180 28,589 97.701
7,116 100,462 119,868
3,500 23,300 142,459
400
400 42,548
1,800 11,923 31,830
27,293 32,293 19,337
10,700 234,032
22,000 25,785
2,120
19,308
2,000
638
3.053
106
100
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
We add similar figures for
New York.
_
Ger-
Great
Oct. 27
Cleared for
Closed.
port.
Saturday.. Quiet
Steady
Quiet 10 pts. adv. Steady
Monday
Tuesday .. Quiet 15 pts. adv. Ba'ly steady.
Steady
Wednesday Quiet
Ba'ly steady.
Thursday . Quiet
Quiet
Very steady
Friday
.
Total
. .
Consum'n.
Contract.
91 Q
800
l",406
108
Total.
218
2,200
"108
200
1~,237
200
200
1,437
2,363
1,800
4,163
Oct. 28
»
•
»
•
g -
£.=
a
3..S.
low ami closing prices
New York.
at
"_0~3
pg'l
3
err;
C-Jci
1
l<s
3S
••
C7rc
1
T5
1®
1
1
1
1
1
1®
1
1
1
or
a
0000
l®
1
——
CO
©
1
-M
1
.
s
X
1® T®
—
o»
1®
—
CO
©~j
is
1
1
1
e
1
I
_
S3
r>
1®
£
I
1
1
15
CO
—
?
1
1
IS
©
O
|®
1
=
1
1
00O
-X
1
1
15
iS
OO
35
co
1®
1®
1
1
*
1
1
1
!
1
CD Cn
©~4
0035
a©
en©
to©
1®
I©
-J so
CntO
*
toco
*jcn
to to
1®
I®
1©
1
1®
1
1
IS
CO
*
I@
*
I
1
1®
1
1
15
tOCn
CO Ct
M
n
too
CO
1
r.
1
•
IS
*
1©
s
|@
—
°
tO
9
or
ICO
., -,
-n
o
sr;
;
—
-:
—
3
——
~aco
—O
I® 1©
oc^j
coco
I0>
o
g
OCO
cno
1®
I®
©
00 en
——
00 00 CO 00
** coco 000 soo
-to
;i- coco
^s
21
OS Ol
K3CO
t—» 1—
IS
IS
IS
CO
en
Ct
to
00
|®
O
1®
1®
—
<°
to
IS
u
tog.
05ft
IS
IS
•"•
o> co *. oo
>-•
=
Hk
—
1®
t—
1®
a.
2
S;
1®
1—
tonO ~4-OS *> CO*- <o oo o to to 00 to >-'COCO:OtO*.*-tO>-'000>->
05 to
*• ^ Cn CO — O CO *.
«
to
to oi to
w^oVVi to-joiOotoe»*JCooocoMencotootoooooo
w"»V)TooM^oro">— Vi^colsooi'cnc;!
oo to*. wlow»^"^
tooootoe»e»cocn^jcn0o — to —
—
"- Oi
00 ^>
crs
co
»oanr:Dcroxi/ior^i:'iC-ei^.ooMCo*.Miooa!OMMO*
IO
^1 to en to
to
h-1
to
*.
*->
— co
co
— * to to to co co * ©
oo'to oo o oo co to -J to * co en *• — * o to * »j «j co to oo a> © *. oo -• o © 3> to 3>
©0©tO©tO^I*CnCOtO*^J-vlOOi©Cn — 00*tOCO — tOCOMCn^J^tOtO©
O — — — COa>C.T-'^OOiOt*-e.'ir:a>COOtOCOOtO©OenCn^)Cnp-'— to©o©
coco
en
*.
00
!-•
to
!-•
"-1
»-.
H-»
= Co
* — QO-JCOOCnCnen>— ** §59
© — -j * ©"-q*eo
00©COOCOCnCO©tOtOCOO©©©©*tOtOCO«4*.©00©©to*©tOCn© tOK3 -I O in © CO to© to — cototo— —O O^J*toOtO*^I — tO*-^) — to©©o
—
en
00
to
©* — *co —© *. OOCoenCO©** — — N5*en*Cn*i— —
*.
tO^tCnO —
octoen©© — o — totoco©to>—© — ^i©to©to©cn — coenoooo-.*coi-'Co
*co©<ienCo* — cn©cn©cooo^a©enCn©eoMOo©toto©to**enen*^j ?~S!
»j to co© © oo to * — © — enco — © oo oo — co tocctooo*. — ©enco© — — ©©
CntO
00
OS
CO
1®
M
O
^ co en
ocootootOi<KOto^-toao!OXOocooocncTs.^H-coto*-Oi©*-(0*-oto
— *"-"-• >—*co© tooo©cnen©©©*
"en'to oo'to
IcO
00
to
°
10
71
:<
IS
1®
—
as
1® I® 1®
OO 00 S3 OO
©00 Cn© *© co en to*. — CO
* ©-4 —
Cn©
OCn co to
00 00 OO OO OO CO
<ICl
© CO •b
S3 OCO 00 to COf— CO*.03
00 00
03
-M en
OO
1® 1© if J.®
J®
—
CO 3 —
OO s So 00
©© IS coco to —
— *.os
000 SI
C.1
00 ~J
Men
toco
——
1®
——
to co *.
&yy'
——
Wen
o co to to co en co •- *.
1©
^&
<=
^1-M
co
oo»>-'*.totocoocococ<coH-cs tooiOJ^ooa>cocooc»*--a^)Cotocoo!Oi»
to 00
.
COCO
c:
0- T.
—
1®
To J© T®
S3
00 OO
00 SI 00 50 00 -1
000 CO *
©©
3
—
Co
toco
00 00 00 00 OO 00
00©
~1©
IS
M
*c3
tOlfc.
c->
|®
OO 00
©
—
*.
O
CO SI
O
i
—
OKI
1— CO
co or
O JO
[
f*
C05
toco
Cn
©~4
05 00
1®
^1©
<°
o>
m
re g*
1—• 1—*
1
00 31
©© CO
*tO
I
1© T® — —
1® — — 1—
—
——
OO 00
O
OO
1
r:
or 1.
1© 1© 1® I®
_ — J® — —
00 33 00 00 00 00
© *Cn ** coco H-O — CO
00 co
ODOl
O-M ocn ocn
^ao
co©
OO SI
©tO
——
CO 51
~J-M
CO CO
1
CO
I®
» ^
00 CO
——
00 OO OO S3 00 00 OO 35
*-
IS
15
**
c-i
31
1®
1—
1
-i
—
OO 00 00 OO 00 00 OO 00
1
rr
3
Li?
coco
CO
*.
si
00 CO 00 OO 33 33
Ci* — — coco to- —
00
COOO
000 COO co 00
1®
JO -4
9
^-
the
t
CO 00 00 OO 00 00 00 00
©00
,
?
I—*
tO»4
'
TOWNS the movement—that Is,
Tin; [NTERIOK
—
coo
COOO
OO 00 00 OO
IS 00
co to
* *CO to
to to
a
© — 00 CO
1®
T® 12
—
00 s
ss So SS 00
CO —
— to
—
to to
t\ Ci
* j CO
IS
1
1
,
H
3
\
1.-J27
receipts for the week and since Sept. 1 the shipments for he
week and the stocks to-night, and the same items for the
corresponding period for the previous year is set out in
detail below.
Qcrc
c gjc
1
—
TIIK CHRONICLE.
^.SSte^telSStiSiS
Ct
1
O
»
L905.]
FUTURES -High,
p
—
.
1
1
1
1
1
1
.
©"oo Vj'to
©Vt ©oo ©to "to — "oo*©"cn "©
Vj tnVjT— o>
l->
— *. — — — co — — — © — *.co»acocotototoen©en
* — — *.—
oo»j**cocototo©cocn00totoooootocncoto Cncn* — -J© — oocotooo©
co "toco "to oo"»j"to co oo — — © — —"to "to ©on "to "— © to en
mm "to © ©o"to"oo —
oc©»oootoootooen© — cn©tOtO©-J — *CO©to©MtO©Cn©»jCO — *
OtO©*.*CntO©toenOCn©en- o tOIO~J — 00~J©tOCQ*. — *-MCnOIO ©
Cc/t3
"to
t
®
*•
1
*
1
tn
~]
CO
©oo — *ns
en
* * — totoeoco- — * CO CO to ~J -M to — ©**©
©©Cn©* OOCnCO- WMMMrf^tOM ©00— tototo©©to*©CO — ©M©
—
THE VISIBLE SUPPLY OF COTTON to-night, as made
cocnto*©Mtootocoen — -aentooototoOMMencn*- oo-aM — o © *
to©toooM*©Mtocn©cn — ©to-M*ooooco»j*
to oo co *oooenoooo —
up by cable and telegraph, is as follows. Foreign stocks, as
mmm m»m* to — — en — — — — — CO §>*
*4
M
well as the afloat, are this week's returns, and consequently
©oeo©cnto Mtoto — — co-aco — ©©co to — eocoo©en©to©©*
all foreign figures are brought down to Thursday evening.
"o "©"©"© "— oo©"*"© © *"en"©"co"©"© co "oo'to
oo'to -a*© -m*© ©'en o>"en"* m
OMtOtOCnOOCOOO©to©tO(Z3Cn— Oto©(o* ©*-4 — tO-JCnCO*M*00 00
— © — * M Qiwoiao © oco© co to o oo oo co © — MMto©oo©en * en —
But to make the total the complete figures for to-night (FriThe above totals show that the interior stocks have
day), we add the item of exports from the United States,
increased during the week 55,059 bales, and are to-night
including in it the exports of Friday only.
31,977 bales less than at the same period last year. The
October 27—
1905.
1902.
1904.
1903.
Stock at Liverpool
bales 661,000
249,000 receipts at all the towns have been 48,482 bales less than
303.000
156,000
Stock at London
21,000
11,000 the same week last year.
15,000
17,000
Stock at Manchester
33,000
11,000
12,000
1
!
I
1
1
1
1
CO
1
1
1
1
IS
lei
1
'
co
1
1
05
"co
o.
Total Great Britain Stock.
Stock at Hamburg
Stock at Bremen
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
.
Total Continental stocks
715,000
17,000
199,000
67,000
3,000
3,000
14,000
2.000
305,000
Total European stocks..
,020,000
India cotton afloat for Europe.
68,000
Amer. cotton afloat for Europe. 599.000
Egypt. Brazil, &c.,aflt.forE'pe.
50.000
Stock in Alexandria, Egypt
86,000
Stock in Bombay, India
378,000
Stock in U.S. ports
943,227
Stock in U. S. interior towns
U.S. exports to-day
45fi,802
63,146
330,000
33,000
126,000
4,000
56,000
3,000
5,000
17,000
9,000
253,000
5S3.000
8,000
772,000
37,000
106,000
190,000
727,793
488,779
42,811
184,000
33,000
75,000
5,000
53.000
2,000
7,000
10,000
8,000
193,000
377,000
17,000
678,000
33.000
89,000
177,000
625,069
300,667
75,762
260,000
14,000
109,000
4,000
55,000
2,000
32,000
16,000
3,000
235,000
495,000
20,000
701,000
57,000
100,000
173,000
638,446
497,784
63,355
Total visible supply
3,664,175 2,955,383 2,372,498 2,745,585
Of the above, totals of American and other descriptions are as follows:
American —
for
bales.
Europe
U.S. interior stocks
U.S. exports to-day
580,000
30,000
270,000
599,000
943,227
456,802
63,146
251,000
10,000
172,000
772,000
727,793
488,779
42,811
85,000
9,000
122,000
67S.000
625,069
300,667
75,762
201,000
701 ,000
638,446
497.7N-J
63,355
—
Ac
722,000
456,000
491,000
477.000
2,942.175 2,464,383 1,895.498 2,289, '^5
Total viable supply
3,664.176 2,955,383 2,372,498 2,745.586
Middling Upland. Liverpool ..
.',.71.1.
5.71(1.
4.84d.
6.32d.
Mid
York ..
10
Hi 50c.
9.95c.
pt Good Brown. Liverpool. 8 7-16(1.
7.1-1'.'!.
Nom'l.
1. Liverpool
9.001.
9.00.!.
10.7.V1.
-
Broacli Fine, Liverpool
Tlnnevelly Good, Liverpool...
'id.
5«d.
5Hd.
5%d.
5>fd. 4 25
5Jjd.
ntinental imports past week have been 124,000 bal
figures for 1905 show an Increase over
week of 117,218 bales, a gain of 70S, 792 bale- over 1904
and an excess of 1,291,677 bales over 1903.
5 9-1
— We give below a statement showing the
,
-1905Since
Week. Sept. 1.
October 27.
—
Shipped
Via St. Louis
Via Cairo
Via Rock Island
Via Louisville.
Via Cincinnati
Via other routes, &c
8,544
4,292
Since
Sept. 1.
36,955
14.200
2,863
10,017
5,120
17,728
14,712
11,273
1,164
2,022
1,270
3,267
43,581
34,177
2,575
7,641
4,495
21,785
86,883
33,708
114,254
11,063
2,474
139
681
5,684
5,889
2,091
17,402
3,294
11,475
17,292
69,481
30,414
102,779
854
1,956
1,219
3,118
Total gross overland
19,983
Deduct shipments
Overland to N. Y., Boston, &c... 2,123
Between interior towns
75
Inland, &c, from South
493
—
Total to be deducted
total net
-1904-
Week.
overland.a
450
453
5,338
188,000
Total American
2 ,942,175 2,464,383 1,895,498 2,289,585
East Indian, Brazil, <t-c.
Liverpool stock
61,000
81,000
52,000
71,000
London stock
1 1 ,000
21,000
17,000
15,000
Manchester stock.
3.000
2,000
2,000
Continental stock
35,000
3V.666
81,000
71 ,000
India afloat for Europe. . ....
20,000
8,000
68.000
17,000
Esrynt, Brazil, <£c, afloat
50,000
33.'
37.000
57,000
Stock in Alexandria, Egypt
100,000
80,000
106,000
89.000
Stock in Bombay, India
173,000
190,000
177,000
Total E>.st India,
Total American
1.
movement
for the week and since Sept. 1 as made
up from telegraphic reports Friday night. The results for
the week and since Sept. 1 in the last two years are as follows:
overland
Leaving
Liverpool stock
Manchester stock
Continental stock
American afloat
U.S. stock
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT.
a Including movement by rail to Canada.
The foregoing shows the week's net overland movement
this year has been 17,292 bales, against 30,414 bales for the
week last year, and that for the season to date the agrrggatenet
overland exhibits a decrease from a year ago of 33,298 bales.
-1905Since
Sept. 1.
In Sight and Spinners'
Takings.
Week.
Receipts at ports to Oct. 27. ..292,460
Net overland to Oct. 27
17,292
Southern consumption to Oct. 27 45,000
-1904Since
Sept. 1.
Week.
2,227,703
69,481
367.000
396,318
30,414
42,000
2,017,209
102,77'
354,752
55,059
2,664,244
321,625
468,732
66,529
3,0(i6,'.lsS
Total in sight Oct. 27
409,811
Qame Into sight during week
2,985,869
Total marketed
Interior stocks in excess
Week
—
1903— Oct. 30
1902- -Oct. 31
Nov.
1901
1900— Nov. 2
—
1
-1
79,681
1
Nov.
— Nov.
(63.686 1900^
351.291
—
80
Oct. 81.
''.'
1903
1902
moi
3,493.507
337.296
into sight in previous years.
8ince Sept.
BaUa.
621,047
426,619
535,261
North, spin's' takings to Oct. 27 70.313
Movements
317.000
l
2
--- .2.644,353
3,2i;
,816
1,166,104
QUOTATIONS FOB .MiDDbixc cotton AT OTHER
middling
lotatioi
MARKETS.—Below are the clo
cotton at Southern and other principal cotton
each day of the week.
ma rkets
for
THE CHRONICLE
1328
Closing Quotations for Middling Cotton on-
Week ending
Monday. Tuesday. Wed' day. Thursd'y
Sat' day.
Oct. 27.
OalTeston
10%
New Orleans. 10%
Mobile
10
10 6-16
10 6-16
10
10
9%
Savannah
9%
Charleston
Wilmington..
10 9-16
10 9-16
10 3-16
10%
10%
10%
10 9-16
10 11-16
10 7-16
10 11-16
10%
io%
10 1-16
10
10%
10%
10%
10%
10 7-16
10
10
Norfolk
10%
10K
10%
Boston
Baltimore
10.40
10.12
10.65
10 1-16
10J<
10.40
10.25
10.76
10.50
10.50
10.90
10 7-16
Philadelphia
Augusta
Memphis
.
io%
10%
St. Louis
Houston
Little Rock.. 10.09
10%
10%
10%
10.65
10.62
10.90
10 9-16
10%
10%
10%
10%
10%
10^
io%
10%
10 6-16
10%
10%
10 6-16
9%
Friday.
10%
10%
10%
10%
.
10.65
10.75
10.90
10 3-16
10.65
10.62
10.90
10%
10%
10%
10%
10%
10%
10%
io%
10%
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
10%|Natchez
-.10%
Atlanta
10% [Louisville
10 3-16
Columbus, Ga
10% Montgomery
10% |Raleigh
Columbus, Miss
10% _,
10% IShreveport
9% Nashville
|
NEW ORLEANS OPTION MARKET.— The highest, low-
and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
est
Sat' day,
Oct. 21.
—
Closing
December —
Range
Closing
January—
Range
Closing
March —
Monday, Tuesday, Wed' day, Thursday Friday,
Oct. 23.
Oct. 24.
Oct. 25.
Oct. 26.
Oct. 27.
October
Range
Range
10.02-. 13 10. 19- .37 10. 43-. 65 10.20-.75 10.45-.65 10.30-. 56
10.07-.08 10.31-.32 10.46-.47 10.67-.68 10.50-.51 10.55-. 56
10.11-.22 10.28-.46 10. 52- .75 10.30-.84 10.55- .73 10. 40-. 65
10. 16-. 17 10.40-.41 10.54-. 55 10.77-.78 10.60- .61 10.65-.66
10.30-.40 10.47-.65 10.72-.93 10. 50-. 05 10.75-. 95 10.61-.85
10.35- .36 10.6010. 74-. 75 10.97- .98 10.80- .81 10.85- .86
Closing
May —
the rainfall reaching eighteen hundredths of an inch.
Average thermometer 63, highest 81, lowest 45.
Nacogdoche, Texas. There has been heavy rain on one
day of the week, to the extent of one inch and twelve hundredths. The thermometer has averaged 56, the highest
being 71 and the lowest 40.
Palestine, Texas.
There has been heavy rain on two days
of the week, to the extent of one inch and forty-five hundredths.
The thermometer has averaged 57, ranging from
—
—
40 to 74.
—
Paris, Texas.
Rain has fallen heavily on two days during
the week, the rainfall being two inches and sixty hundredths.
The thermometer has ranged from 40 to 69, averaging 55.
San Antonio, Texas. We have had very light rain on
three days of the past week, the precipitation being nine
hundredths of an inch. Average thermometer 63, highest
80, lowest 46.
Weatherford, Texas. We have had rain on two days of the
week, to the extent of sixty-five hundredths of an inch.
The thermometer has averaged 59, the highest being 77 and
the lowest 40.
New Orleans, Louisiana. There has been rain on one day
during the week, the rainfall reaching one hundredth of an
inch
Average thermometer 63.
Shrevepori. Louisiana.
It has rained on two days of tht
week, the precipitation reaching three inches and eighteen
hundredths. The thermometer has ranged from 40 to 72,
—
—
—
—
averaging 57.
Columbus, Mississippi. The weather this week has been
unfavorable for the crop. Temperature is now 55 and
falling. There has been rain on two days the past week. The
thermometer has averaged 56, the highest being 71 and the
lowest 40.
Frost did not kill cotton; there is but
Helena, Arkansas.
little top crop.
We have had rain on two days of the week,
the rainfall reaching two inches and eighty-two hundredths.
Average thermometer 53 highest 69 lowest 36
Army-worms have cut off the
Little Rock, Arkansas.
Picking is making good progress. There has
top crop.
been rain on one day of the week, to the exent of one inch
and thirty hundredths. The thermometer has averaged
54, the highest being 68 and the lowest 40.
Nashville, Tennessee.
Weather has been quite unfavorRain has fallen during the
able for gathering the crop.
week, the precipitation reaching seventy-five hundredths
The thermometer has ranged from 32 to 62,
of an inch.
averaging 47.
Memphis, Tennessee. Picking has been interrupted by
heavy rains. There has been rain on two days of the week,
The
to the extent of two inches and fifteen hundredths.
thermometer has averaged 52.8, ranging from 38.6 to 63.5.
Light frosts here on Sunday and MonMobile, Alabama.
day. Cold with heavy frost in the interior early part of
week, rain in middle part and cloudy towards the close.
Cotton picking has been completed in some sections. We
have had rain on one day of the week, the rainfall reaching
twenty-three hundredths of an inch.
Montgomery, Alabama. Picking is nearly completed.
We have had rain on one day of the week, to the extent of
one inch and three hundredths. The thermometer has
averaged 59, the highest being 77 and the lowest 41.
Selma, Alabama. Rain has fallen on two days of the
week, to the extent of one inch and fifty hundredths.
Smyrna, Georgia. There has been rain on one day during
the week, the precipitation reaching seventy-three hundredths of an inch. The thermometer has averaged 54, the
highest being 66 and the lowest 38.
Augusta, Georgia. Picking is approaching completion
Rain has fallen on one
will be practically done next month
day during the week, the precipitation reaching thirty-two
hundredths of an inch. The thermometer has ranged from
39 to 84, averaging 60.
There has been rain on three
Charleston, South Carolina.
days of the week to the extent of two inches and forty-three
hundredths. The thermometer has averaged 65, ranging
from 49 to 82.
Greenwood, South Carolina. Killing frost on the 22d
We have had rain on one day of the past
in the vicinity.
week, the precipitation being twenty-five hundredths
Average thermometer 59, highest 73, lowest 45.
of an inch.
Savannah, Georgia. We have had rain on one day during
the week, the rainfall being one inch and fifteen hundredths.
Average thermometer 65, highest 87, lowest 47.
Farmers are selling freely a,
Charlotte, North Carolina.
There has been rain on one day of the weekthe advance.
to the extent of nineteen hundredths of an inch. The thert
mometer has averaged 55, ranging from 38 to 76.
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:
—
—
,
Range
10.44-.53 10. 60-. 78 10.86- .06 10. 62-. 16 10.87-.01 10.73-.00
10.47- .48 10.73-.74 10.86-.87 11. 12-. 13 10.9210.99-.00
Closing
Tone—
Spot
Options
10.00-.05 10.14-.26 10.37-. 54 10.18-.37 10. 44-. 49 10.30-. 56
10.00-.03 10.24-.27 10.41-.43 10.58-.60 10.43-.45 10. 55-. 57
[Vol. Lrrai.
Quiet.
. .
Steady.
Firm.
Steady.
Firm.
Steady.
Steady.
Steady.
Steady.
Steady.
Firm.
Steady.
WEATHER REPORTS BY TELEGRAPH— Our
tele-
graphic advices from the South this evening indicate that
while over much of the belt the rainfall has been light or
moderate, precipitation has been rather heavy in some sections of Texas and at a few points in the Valley and along
the Atlantic, interfering with the gathering of the crop.
Otherwise picking has made good progress and in a few districts has practically been completed.
Killing frost was reported early in the week at some points and damage is
claimed in North Texas and the Territories. The movement of the crop [continues quite liberal.
Galveston, Texas.
Serious damage is reported by killing
frost in North Texas and the Territories.
Where heavy rain
has occurred picking has suffered interruption.
have
had rain on one day of the week, the rainfall reaching eight
hundredths of an inch. Average thermometer 65, highest
76, lowest 51.
Abilene, Texas.
have had rain on one day of the
week, to the extent of four hundredths of an inch. The
thermometer has averaged 59, the highest being 76 and the
lowest 42.
Brenham, Texas. There has been rain on two days of the
week, to the extent of eighteen hundredths of an inch. The
thermometer has averaged 62, ranging from 44 to 79.
—
We
—We
—
—
Corpus Christi, Texas. Rain has fallen on one day during
the week, the precipitation reaching ten hundredths of an
inch.
The thermometer has ranged from 46 to 82, averaging 65.
Cuero, Texas.
We have had rain on two days of the past
week, the precipitation being fourteen hundredths of an
inch.
Average thermometer 66, highest 82, lowest 50.
Dallas, Texas.
We have had rain on two days of the
week, to the extent of one inch and twenty hundredths.
The thermometer has averaged 56, the highest being 74 and
the lowest 37.
Fort Worth, Texas.
We have had rain on two days of the
week, the rainfall being one inch and thirty-two hundredths.
The thermometer has averaged 57, ranging from 36 to 78.
Huntsville, Texas.
We have had heavy rain on one day
during the week to the extent of one inch and nineteen hundredths. The thermometer has ranged from 41 to 76,
averaging 54.
Henrietta, Texas.
It has rained on two days of the week,
the rainfall being eighty-three hundredths of an inch. Average thermometer 57, highest 80 and lowest 33.
Kerrville, Texas.
We have had rain on three days during
the week, the rainfall being twenty-five hundredths of an
inch.
The thermometer has averaged 57, the highest being
83 and the lowest 31.
Lampasas, Texas. There have been showers on three
days of the week, the precipitation being twenty-four hundredths of an inch. The thermometer has averaged 60,
ranging from 36 to 82.
Longview, Texas. We have had rain on one day the past
week, to the extent of thirty-six hundredths of an inch. The
thermometer has averaged 57, ranging from 40 to 73.
j Lvling, Texas. We have had rain on one day of the week,
—
—
—
—
—
—
—
—
—
,
—
—
—
—
—
—
—
—
—
,
—
—
—
Oct. 27 1905.
Feet.
New
Orleans
Memphis
Nashville..
Shreveport
Vicksburg
Above
Above
Above
Above
Above
zero
zero
zero
zero
zero
of gauge.
of gauge.
of gauge.
of gauge.
of gauge.
4.0
12.0
10.9
8.0
10.1
Oct. 28 1904.
Feet.
4.0
3.0
6.6
0.5
3.5
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
—
—
—
.
1
THE CHRONICLE.
Oct. 2S 1905.
1904.
1905.
October 26.
Receipts at
—
Week.
Bombay
Sep:.
Week.
1.
63.000
13.000J
Since
Week.
Sept. 1.
Sept. 1.
4,000
00,000
12.000
CKNSUSBFREAU'SRKPORT ON COTTON-GINNING.
—The
1903.
Since
Sines
1329
42.000
Division of Manufactures in the Census Bureau completed and issued on Oct. 25 the third of its series of reports
on cotton-ginning the present season as follows:
I
have lie honor to make the following report by States ami Terriand
mil of the quantity of cotton ginned from tin- growth of iuos to October
rlea
'905. accompanied by comparative statistics of the cotton ginned to
IS 1
corresponding date in 1904, 1903 and 1902:
t
t
Exports from
For
—
W
the
Since September
1.
Conti-
Britain.
nent.
Total.
17.0(H)
18,000
nent.
Total.
Territory
V, S....
1905
1904
1903
Calcutta
1905
1904
1903
1,000
1. 000
1
67,000'
2,000i
20.000!
9.000
,000
2",600!
76.000
2,000
22,000
2,000
4,000
1
3,000
8.000
4,000
.000
3,000)
1,000
1,000
6,000
Arkansas
6,000
2.666
2,666
1 ,000
3,000!
3,000
...
3.000
3,000
...
1.000
1,000
1,000
21.000
2,000
3,000
22,000'
2,000i
3.0001
All others
1905
1904
1903
1
.000
Florida.
1902
1905
1904
1903
1902
1905
I'.iiil
1
Total all—
1905
1904
1903
.000
1
29 .000
22,000
20,000
104,000
114,000
28,000
49,000
,000
29,000
10,000!
'.''.•.000
20,000
IN, 001)
"
47,000
Y.ooo,
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through arrangements made with Messrs.
Choremi, Benachi & Co., of Liverpool and Alexandria, we
receive a weekly cable of the movements of cotton a1
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
now
Alexandria, Egypt,
1903.
1904.
1905.
October 25.
Receipts (cantars o)
This week
Since Sept.
250,000
310,000
1.017,484
1,284,784
This
Since
week. Sept. 1.
270,000
913,376
1
Since
This
week. Sept. 1.
•
This
Since
week. Sept. 1.
5,250
To Manchester
To Continent
To America
7,250
400
Total exports
cantar
is
Georgia
1903
1902
1905
1904
1903
1902
Indian T.1905
1904
1903
1902
Kentucky 1905
1904
1903
1902
Louisiana. 1905
1904
1903
1902
5,083,000
641,133
685,244
429,938
553,916
117,511
237,711
124.728
350.193
38,007
40,642
23,430
26,092
1,058,167
1,052,570
607,086
856,341
79,222
175,794
58,358
172,555
177
284
211
263
141,780
383.600
229,819
357,291
Gin-
Counting
Round
as
Y'ar Hall Bales.
.1905
311, -172
26.304 Miss
1904
28,110
1903
27,723
11)02
29,314
3.494 Missouri. .1905
3,626
1904
3,639
1903
3,854
1902
1,843 No. Car. .1905
2.211
1904
2,090 •
1903
1902
6,405
273 Oklahoma 1
262
1904
1903
253
284
1002
4,561 So. Car.. .1905
4,787
1904
1903
4,771
4,891
1902
482 Tennessee 1
469
1904
444
1903
427
1902
3 Texas .. .1905
3
1904
2
1903
1902
3
1,701 Virginia .1905
1,960
1904
1903
1,871
1902
2,098
561,572
40.720
550,107
8,575
10,021
7,023
12,760
325,298
309,097
232,609
292,726
95,280
104,350
38,546
75,162
639,974
629,857
414.709
586.997
62,625
79.552
60,447
117,157
1,417,456
2,141,855
1,003,625
1,720,147
4,051
5,145
2,511
5,299
Active
Ginneries.
3,225
3,597
3,746
4,083
51
57
52
57
2,604
2,662
2,491
2,560
307
278
195
210
3,020
3,127
3,044
3,082
655
650
686
752
4,056
4,319
4,301
4,509
89
104
79
99
The statistics for 1905 have been compiled from telegraphed reports of
the special agents who canvassed the ginneries, and are subject to slight
corrections from the report of the ginners being transmitted to the office
through the milsa. In this report two round bales have been counted
These statistics include 139,408
as the equivalent of one square bale.
round bales for 1905, 180,486 for 1904. 266,758 for 1903. As the square,
round and Sea Island bales for October 1902 were not segregated, the
The number of Sea
statistics given for the year are in 500-lb. bales.
Island bales included are 30,238 for 1905, 31,691 for 1904, 16,118 for
1903.
The Sea Island cotton for 1905, distributed bv States, is: Florida,
The report of cotton
12,876; Georgia, 15,767; South Carolina, 1,595.
ginned to September 25 1905 showed 2,355,716 bales, counting round
Very
bales as half bales.
respectfullv,
W. M. STEUART,
Chief Statistician for Manufactures.
Bxports (bales)
To Liverpool
A
1905
1904
t '.)().'(
Madras
1905
1904
1903
Y'ar Half Bales.
1905 4,940,728
1904 6.417,894
1903 3,70(5,248
1902
Alabama
State
or
neries. Territory.
Active
Round as
or
Bombay
•
Counting
StaU
Conti-
Great
Britain.
Great
.
12,900
98
27,879
9,187
35,428
6,313
7,000
6,500
6,250
1,250
78,807 2 1,000
1
8,250
5,000
5.250
750
35,995
12,934
39,495
2,585
EGYPTIAN CROP.— Messrs. Choremi, Benachi & Co. of
Boston, and Alexandria, Egypt, write under date of Alexandria, October 7th, as follows:
86,088 19,250
91,009
The break in Americans has had a weakening effect on our market
and speculative selling forced prices down gradually. An only moderate
demand from abroad and the increased daily receipts hare also beem
26,517
17,408
37,219,
4.944
lbs.
factors In helping the decline.
This statement shows that the receipts for the week were
270,000 cantars and the foreign shipments 12,900 bales.
MANCHESTER MARKET.— Our
report received by
cable to-night from Manchester states that the market is
Merchants are not
firm for yarns and quiet for shirtings.
We give the prices for to-day
willing to pay present prices.
below and leave those for previous weeks of this and last year
for comparison.
1905.
1904.
SHU>s.
32* Cop.
ings,
Tvut.
Shirt-
Cot'n
8>i
Mid
32* Cop.
Up's.
common
to finest.
Twist.
d.
a.
s,
15-16 6
5.64 9K
5.74 8 15-16@9H
5
8
10M
S110K
8 10H
9 00
d.
m
5.41
5.32 ^i
5.42 8H
5.71 8'A
@9
lbs. Shirt-
ings,
common
to finest.
d.
Cofn
Mid
Up,s.
The resume of the answers received by the Alexandria
General Produce Association at the close of September is as
follows:
month has been sufficiently warm to be
Fogs of varying density have been reported
in different districts. These fogs, combined with those noted at the end
of August, have caused partial damage.
First pickings are now in full
swing, the commencement being some days later than last year; but
results are satisfactory, and in general a better yield than that of 1904
is looked for.
Up to the present ginning yields are turning out about
4% inferior to last year's. The reports from Lower Egypt, without
being quite so optimistic as those at the end of August, are on the whole
satisfactory, but the ultimate result will still depend upon climatic conditions during October.
In Upper Egypt and Fayoum considerable damage is declared, and in spite of the increased acreage a total increase
'The temperature during the
favorable to the plants.
in the
Upper Egypt crop
is
not assured."
(
d.
6.62
11H(
5.80
The resume of the answers received by the Alexandria
General Produce Associationfat the close of September is
5.62
5.50
as follows:
-».::•
5.32
GOVERNMENT WEEKLY COTTON REPORT.— Mr.
James Berry, Chief of the Climate and Crop Division of the
ELLISON'S ANNUAL COTTON REVIEW FOR THE United States Weather Bureau, made public on Tuesday
SEASON OF 1904-05.— In our editorial columns will be the telegraphic reports on the crop in the Southern States
found an article in which we give the figures from Mr. Elli- for the week ending October 23, summarizing them as
son's annual review of the European cotton trade for the follows:
season of 1904-05 as received by us this week by cable.
COTTON MILLS IN THE PHILIPPINE ISLANDS.In answer to inquiries made by us recently, we have received
from Manila the following reply which is self-explanatory.
—
Gentlemen:
We have the honor to acknowledge the receipt of your
inquiry concerning the cotton industry of the Philippine Islands.
There
is but one cotton mill doing business in the Islands, with the following
equipments:
Number
number of looms, 222 and 24 40-hank reels.
the quantity of cotton used during the past three
of spindles, 7,420;
The following
is
an I a half years:
Jan. 1st to June 30 1904, 520 American bales and 2,938 lbs. native
cotton.
Julv 31st to Dec. 31, 1904, 600 American bales and 26,027 lbs. native
cotton.
Jan. 1st to June 30 1905, 659 American bales and 22,326 lbs. native
cotton.
The full capacity of this mill is 2,000 bales American per year, but
it is a matter of regret that, owing to the competition from Japan
have never been able to produce much more than 50% of our
This competition Is accounted for by the exremely low wages ruling in
Japan against the high wages paid in Manila, and also the low p
tariff on this class of goods, i. e., grav goods and gray yarns.
The increase as per the foregoing figures during the put two and
one-half years has been caused bv the lessened competition as a result
of the Russo-Japanese War.
The mill employs from 220 to 240 native
work people.
In the cotton belt the fore part of the week ending October 23 was unseasonably warm and the latter part decidedly cool, with frosts, more or
less damaging, in every State.
Heavy rains were detrimental over an
area extending from South-Central Texas to Western Tennessee, while
no appreciable amount of rain fell in Western Texas and over a large pari
of the East Gulf and South Atlantic districts.
In the eastern portions
of the belt cotton picking has progressed uninterruptedly; it is finished in
Southern Georgia and nearly so in Louisiana and Alabama, except in
tli>- northern portion of the fast-named State; it is also nearly completed
in Southern Texas, and, with the exception of the Sea Island crop, in
South Carolina. In Tennessee, Arkansas and Oklahoma and Indian
Heavy
Territories picking is from one-half to two-thirds completed.
rains interrupted picking and caused considerable damage to open cotton
in Central and Northeastern Texas, portions of Oklahoma ami licli;m
Territories. Arkansas, Western Tennessee and extreme Northern Ml
sippi.
Boil weevils continue numerous in Texas ami the western pariabea
of Louisiana.
NEW ENGLAND MILL SITUATION.— The
fad
that
ave
River Iron Works Co.'s col ton mills '
been fully restored has caused dissatisfaction among operatives of other establishments and there has been Bome strike
talk.
At their meetings on Wednesday all flveof the cotton
operatives' unions allied in the Textile Council unanimously
voted to defer action on the question of declaring strikes
in the Fall
until next
Monday.
THE CHRONICLE
1330
JUTE BUTTS, BAGGING, &C .—The demand for bagging
during the past week has been very quiet, but prices are
unchanged at 6<HsC for l%lbs. and 6%c. for - lf)S standard
grades.
Jute butts very dull at l^@l%c. for paper
quality and 2@2J^c. for bagging quality.
[Vol. lxxxi.
Mon.
Tues.
Wed.
Thurs.
Oct. 23.
Sat.
Oct. 21.
Oct. 24.
Oct. 25.
Oct. 26.
Fri.
Oct. 27.
-
SHIPPING NEWS. — As shown
'
on a previous page, the
exports of cotton from the United States the past week have
reached 208,695 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total bales.
NEW YORK—To
Liverpool, per steamer Georgic, 5,121 upland
5,223
Manchester, per steamer Tintoretto, 2,358 upland and
To
2,596
238 Sea Island.
25
To Hull, per steamer Martello, 25
1,335
To Bremen, per steamer Rhein, 1,335
189
To Antwerp, per steamer Zeeland, 189
2,575
To Genoa, per steamer Fuerst Bismarck, 2,575
ORLEANS— To Liverpool— Oct. 23— Steamer Asian,
Oct. 24 Steamer Senator, 9,187
17,187
8,000
6,080
To Barcelona— Oct. 25— Steamer Conde Wilfredo, 6,080
25 Steamers Caprera, 3,272; Conde WilTo Genoa Oct.
and 102 Sea Island.
NEW
October
Oct .-Nov
..
Nov .-Dec
..
Dec .-Jan..
Jan .-Feb..
Feb.-Mch.
Mch.-Apr ..
Apr .-May ..
May-June.
June-July..
July-Aug ..
Aug. -Sept..
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
6 40 5 44 5 54 5 52 5 69 5 74 5 66 5 56 5 56 5 65 5 61 5 60
465 4-1 5 54 5 52
69 5 74
5
66 5 56
61 5 60
56 5 65
46 5 16
5 53
70 5 75
67 5 57
61 5 61
57 5 66
50 5 49 5 50 5 57
73 5 79
70 5 61
61 5 71
65 5 65
53 5 52 5 62 5 60
76 5 81
73 5 64
64 5 74
64 5 62
77 5 83
6515 54
7516 65
65 5 76
70 5 70
58 5 57,
6615 65
795 85
67 5 78
725 72
76J5 ',7
-
615 59
62 5 60
63 5 61
64 5 62
—
1,679
fredo,
—
4,951
Liverpool— Oct. 21— Steamer Jamaican,
Oct. 25—
Oct. 24— Steamer Wanderer, 8,083
9,356
Steamer Lugano,7, 679
Oct. 26 Steamer Imani, 11,502 36,620
To Manchester Oct. 20 Steamer Anselma de Larrinaga,
Oct. 24— Steamer Wanderer, 469
12,360
11,891
To Havre Oct. 18 Steamer Counsellor, 1,000 (additional).
Oct. 26— Steamers Director, 12,569; Miramichi, 9,862 ... 23,431
300
To Rotterdam— Oct 20—Steamer Breckfield ,300
2,700
To Copenhagen— Oct. 24 Steamer St. Jan., 2,700..
PGRT ARTHUR To Liverpool Oct. 26— Steamer Eastwood,
—
—
—
—
—
——
.
—
9,591
MOBILE— To Bremen— Oct. 23— Steamer Newbe, 8,875
PENSACOLA— To Liverpool— Oct. 20— Steamer Vivina, 6,776-.
SAVANNAH — To Liverpool — Oct. 25 — Steamer Montauk Point,
9,838
26— Steamer
Oct.
Barendrecht, 11,013
9,591
8,875
6,776
20,851
To Rotterdam— Oct. 21— Steamer Voorburg, 400_
To Amsterdam Oct. 21 Steamer Voorburg, 400.
To Antwerp Oct. 21 Steamer Voorburg, 100
To Christiana Oct. 21 Steamer Voorburg, 100To St. Petersburg— Oct. 21— Steamer Voorburg,l,800._ ...
To Ferrol— Oct. 25—Steamer Montauk Point. 200
ToSantander Oct. 25 Steamer Montauk Point, 100
To Barcelona, etc. Oct. 26— Steamer Federica, 8,250
WILMINGTON— To Bremen— Oct. 20— Steamer Scarthoe,
—— ——
—
—
— — —
400
400
100
100
1,800
200
100
8,250
Oct. 25— Steamer Vera, 9,000.
21,900
Liverpool— Oct. 19— Steamer Arabic, 22
Oct.
20 Steamer Sachem, 1,025
Oct. 23 Steamer Ivernia, 1,523
Oct. 24— Steamer Cestrian, 94
2,664
BALTIMORE—To Liverpool— Oct. 20—Steamer Indore, 6,197. 6,197
To Antwerp Oct. 20 Steamer Arranmore, 1,150
1,150
PHILADELPHIA— To Liverpool— Oct. 20— Steamer Merion,
12,900
BOSTON— To
—
—
—
—
3,169
SAN FRANCISCO— To Japan— Oct 21—Steamer Coptic, 500. . .
SEATTLE— To Japan— Oct. 24— Steamer Kanagawa Maru, 100
3,169
500
100
.
Total
208,695
The exports
to
Pacific ports
Japan since Sept. 1 have been 3,059 bales
and 500 bales from New York.
New York
Cotton freights at
as follows:
Liverpool
c.
c.
Manchester
the past week have been
Mon.
Wed.
Tues.
18
18
18
18
Thurs.
18
18
18
18
Fri.
18
18
70 5 68
715 69
805
815
815
825
86
87
88
88
77 5 68
78 5 69
79 5 70
80 5 71
68 5 79
69 5 80
70 5 81
715 81
73 5
74 5
75 5
76 5
73
74
75
76
BREADSTUFFS.
Friday, Oct. 27 1905.
Business the past week in the market for wheat flour has
been fairly active. The trade generally has been a freer
buyer, the advancing tendency to prices for the grain giving
buyers increased confidence in the situation and fair-sized
orders for both spring and winter flours have been placed at
firm prices.
Exporters also have been reported moderate
buyers, they being favored by low ocean freight rates.
Rye
flour has been quiet but steady.
Buckwheat has had a
slightly better sale and prices have advanced.
Corn meal
has been in better demand and firmer.
Speculation in wheat for future delivery has been active
and there has been a sharp upturn to prices. The strength
of the European market, large export purchases and extensive engagements of ocean freight room have been the principal bull factors.
The strength of the European market,
it is explained, is based largely on the serious labor troubles
in Russia, it being believed that the strikes on the railroads
will seriously interefere with the export movement of
Russian grain. The movement of the grain crops in our
country continues on a liberal scale, and advices from the
interior report a shortage in the supply of rolling stock to
handle the freight offered. The freight situation at Buffalo
is again [reported in decidedly unsatisfactory shape, severe
congestion being noted owing to the large amount of grain
freight to be handled, and this is interfering with export
To-day the market was
business via the port of New York.
higher on strong advices from the foreign market but reacted
under profit-taking sales. Exporters were fair buyers here
and at outports.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Mon. Tues. Wed. Thurs. Fri.
Sat.
96% 96%
93% 9634 96
91
91%
92% 95J4 94%
May delivery in elevator
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
No. 2 red winter
December delivery
Sat.
18
18
675 66
mr, <)7
•"
—
GALVESTON —To
from
12% 1 12% 4 12% 4 12% 4 12% 4 12% 4
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m p.m. p.m. p.m. p.m.
f.o.b. 9334
in elevator. 92%
Sat.
delivery in elevator. 87 34
8734
Mav delivery in elevator
83%
July delivery in elevator
9334
9234
Mon.
93%
9434
9334
92
Tues.
Wed. Thurs. Fri.
86% 87% 87% 8934 89
25
25
25
87% 8834 88% 9134 90%
25
83% 83% 84% 85% 86
27
27
27
27
27
25
25
25
25
25
25
Indian corn futures have been fairly active at advancing
Ghent, v. Ant.. c.
31
31
31
31
31
31
Weather conditions in the corn-belt during the
prices.
Reval, indirect. c.
32
32
32
32
32
32
Reval, v. Canal. c.
35
35
35
35
35
35
latter part of the week were reported unsettled, but the
Barcelona, Nov.c.
30
30
30
30
30
30
Genoa
20
20
20
c.
18@20 18@20 18@20 principal bullish factor to the situation was the strength of
the advices from the foreign markets due to the disturbed
Trieste
30
30
30
c.
30
30
30
Japan, v. Suez.c.
40
40
40
40
40
40
Accounts from the West speak of
labor situation in Russia.
Quotations are cents per 100 lbs.
an unusually large export business transacted in corn, prinLIVERPOOL. By cable from Liverpool we have the fol- cipally in supplies for forward deliveries, and fair export
lowing statement of the week's sales, stock, &c ., at that port: sales have been reported made at the seaboard. To-day the
market advanced early but reacted, following wheat. In
Oct. 6.
Oct. 13.
Oct. 20.
Oct. 27.
market moderate sales were made to exporters.
Sales of the week
bales. 54,000
52,000
64,000
58,000 the spot
Of which exporters took.. 2,000
2,000
2,000
2,000 DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
Havre
_c.
Bremen
c.
Hamburg, asked c.
Antwerp
c.
30
25
30
25
30
30
30
30
25
December
—
Of which speculators took 2,000
American
47,000
1,000
47,000
5,000
71,000
653,000
573,000
69,000
36,000
200,000
180,000
Sales
Actual export
7,000
Forwarded.
75,000
Total stock— Estimated
660,000
Of which American— Est. 595,000
Total import of the week... 81,000
Of which American
75,000
Amount afloat
187,000
Of which American
155,000
3,000
53,000
4,000
64,000
624,000
547,000
38,000
32,000
290,000
247,000
2,000
49,000
6,000
76,000
661,000
580,000
118,000
101,000
312,000
267,000
Sat.
Cash corn
f.o.b.
December delivery in elevator.
January delivery in elevator
May delivery in elevator
Mon. Tues. Wed. Thurs.
61%
54%
51%
50%
61%
54%
52%
50%
DAILY CLOSING PRICES OF NO.
Sat.
2
Fri.
62%
56% 58% 58%
53% 54% 55% 55%
51% 51% 52
51%
MIXED CORN IN CHICAGO.
62
56
62
62
Mon. Tues. Wed. Thurs.
Fri.
50% 51% 51% 52% 52%
44% 45% 45% 46% 45%
December delivery in elevator.
44% 45% 45% 46% 45%
May delivery in elevator
The tone of the Liverpool market for spots and futures July delivery in elevator
44% 45% 45% 46% 45%
each day of the past week and the daily closing prices of
Oats for future delivery at the Western markets have been
spot cotton have been as follows:
active and there has been a fair advance based on strong
foreign advices.
Saturday.
Monday.
Tuesday.
Wed' day.
Thursday.
Friday.
12:30
Moderate
demand
Moderate
P. M.
Fair
business
doing.
Fair
business
doing.
Fair
business
doing.
Good
demand.
Spot.
Market,
Mid.Upl'ds
demand.
5.54
5.62
5.77
5.76
5.81
5.71
7.000
8,000
500
Sales
500
10,000
1.000
10,000
1.000
10,000
1.000
12,000
1,000
Spec.&exp,
Steady at Very
Futures.
Market
1
1@2
opened,
j
advance.
Market,
1
pts.
irreg. Irregular at
atl@4pts. 8@12
advance,
pts.
advance.
Steady at Irregular at
7®8
October delivery in elevator...
18(3)21 pts
pts.
advance.
decline.
Quiet at
8@ 10
pts.
decline.
It is
50%
44%
44%
44%
expected that there
P.M.
J
unchanged
7@8
pts.
advance.
19@22
pts.
advance.
Weak
Easy at
at
9@11
17@18
pts.
decline,
j
pts
advance.
Steady at
5@6
pts.
decline.
be practically
prohibiting the exporting of oats; still it is understood that
the GoA^ernment will use its influence to stop foreign shipments. The export sales from the West and at the seaboard
have been fairly large. To-day the market closed lower
under profit-taking sales.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat.
Steady at Excited at
Quiet,
will
no Russian exports of oats for the balance of the season. No
official ukase has been issued by the Russian Government
Mon.
Tues.
Wed. Thurs. Fri.
34% 34% 35
35%
33% 34
35% 35% 36
34% 34% 35
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
No. 2 mixed
No. 2 white, clipped
f.o.b.
f.o.b.
Sat.
The
prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands. Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and lOOth.
5 46-100d.
Thus: 5 46 means
in elevator...
December delivery in elevator.
delivery in elevator
Mav
October delivery
July delivery in elevator
Mon. Tues. Wed. Thurs.
29
29
29%
29%
31%
30%
31%
30%
29%
29%
31%
30%
29%
29%
32%
31%
30%
30%
33
31%
Fri.
30%
30%
32%
31%
An active export demand has continued to be reported for
the feeding grades of barley and prices have advanced.
— —
—
.
THE CHRONICLE.
Oct. 28 1905.)
The following
Fine...
Superfine
Exti
a. No.
are closing quotations
run
@$3
I!
.
3 20
.. 3 35
Clears
.. 3 90
Straights
Patent, spring. .. 433
.
n
5
00
(3
@
2 L0
Corn meal
Western, etc... 8 1".
Braiulywine ... 3 20
3 90
4
»
.
L'O
6 66
;,o
i
ou;
\
N.
N. Dul.,
Koil winter,
Bard "
No.
i
.'
99
f.o.b.
f.o.b.
f.o.b.
f.o.b.
Mixed, bush
Wliite
Com,
e.
1
white
per bush
@
-'
..
No. 2 yellow
No. J white
Rye. per bush
western
20
3
S3 26
c.
@
58
f.o.b.
f.o.b.
f.o.b.
66
64
75
71
state and Jersey.
Barley—Western..
Feeding
Nominal.
50 (« til
41
H©
,4
47
—
The exof Grain and Flour from Pacific Ports.
gorts of grain and Hour from Pacific ports for the work ending
ict
26, as received by telegraph, have been as follows:
From San Francisco to United Kingdom, 12,000 bushels
wheal and 100,000 bushels barley; to various Pacific ports,
26 barrels flour, 500 bushels wheat, 1,500 bushels corn
and 5,000 bushels barley. From Seattle to Pacific ports,
25,000 barrels fiour.
Exports
.
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 comparisons being made
with the corresponding period of the previous year.
,
Exports from
—
San Francisco
Flour,
Wheat,
Corn
bbls.
bush
bush.
bi/sft.
25,175
13,143
1,247
195,699
296,780
155,000
Pueet Sound
Portland
48,750
91,068
126,166
Oats,
,
Barley, Rye
bush. bush.
1,494,588 ...
81,267
420
276
Total
657,479 265,984 38,318 82,514
Total 1904
902,344 546,758 11,554
8.523
For other tables usually given here see page 1293.
1,495,00S
1,154.723
276
768
THE DRY GOODS TRADE.
New
be advanced.
shortly
a very strong position,
c.
mixed
mixed
estern
Mo.
35
38
Nominal.
Nominal.
1
mixed
\\
i
difficulty of
1
Coarse colored cottons are in
ticks and denims have been
advanced during the week. It is Impossible to obtain either
Of these goods for near-by delivery, and, if it were, it is certain that further advances would be announced.
There has
been a heavy business during the week in staple prints and
Fancy prints are steady and
an advance is expected shortly.
Staple and line grades of ginghams
in moderate request.
Linings are dull, but possibilities of a strike
are firmly held.
Print
are disquieting, owing to the scarcity of gray goods.
cloths are steady and a good many oilers are being refused
until the future at Fall River is more settled.
GOODS.— Conditions in the men's wear
woolen and worsted goods market are very quiet just at
present, as reordering of light-weights has not yet commenced
on any large scale. Clothiers are beginning to show their
lines, and already some satisfactory business has been reported, leading to the expectation that duplicate orders will
soon be reaching the primary market in heavier volume.
Present indications are, however, that these will follow
closely the lines of initial business, and that the fabrics
which were then popular will continue so right through the
Preparations are beginning to be made for the next
season.
men's wear heavy-weight season, but so far nothing definite
has been done. The disposition would seem to be to turn
to woolens, although there is no doubt that a very heavy
worsted business will be transacted. It is said that preparations are being made to show velour cassimeres, in gray
mixtures and subdued plaids and checks, very largely at the
opening of the season. A very fair business has been done
in dress goods during the week, but foreign goods are being
more freely taken than. domestic. This is due to the fact
that the call is for lighter weights than usual, as is shown
by the heavy purchasing of chiffon cloths, broadcloths and
panamas, and these are more satisfactorily manufactured
abroad than here. Broadcloths still remain the most popuOn the whole,
lar fabric and further advances are expected.
the business so far has been quite up to the average or rather
will
2 15
GRAIN.
i>er
lMil..
(lie
The supply of >le:iehed gOOdfi Is said
to be Insufficient to meet the demand for current delivery,
and there are reports that prices of BOme Of the better grades
and delivery.
price
Rye Hour, s'flne
Buckwheat Hour.
:.
16
1331
business has been consummated, owing to
:
i;
Patent, winter.. .$4 ">0
City mills, patent. I 80
00
'
..3 30
1
,
York, Friday Night, Oct. 27 1905.
and both
WOOLEN
The two most important factors in the cotton goods market
during the past week have been the possibility of a strike better.
at Fall River and the publication of the Census Report on
FOREIGN DRY GOODS.— As previously stated, the
the amount of cotton ginned to October 18, and both of business in imported woolen and worsted dress goods is very
these have tended to increase the conservatism of both satisfactory to importers.
Silks are disappointing and ribbuyers and sellers. At Fall River the operatives have re- bons are slow. Linens continue active, and first spring
fused the advance in wages offered by the Manufacturers' shipments have already been received.
Burlaps are at highPow- record prices and the scarcity continues.
Association, and affairs have reached an acute stage.
erful influences are at work, however, to prevent a strike,
Importations and Warehouse Withdrawals of Dry Goods.
and it is hoped that their counsels may prevail. In view of
The importations and warehouse withdrawals of dry goods
the possibility of such an occurrence, however, sellers have
not been anxious to enter upon new commitments which they at this port for the week ending Oct. 26 1905, and since
might not be able to fulfill and buyers have held off awaiting January 1 1905, and for the corresponding periods of last
developments. The Census Report proved more bullish in year are as follows:
too
ooinoor- os
raoooNcc
r^ooco — t^
j.
tendency than expected, and was used as a lever to advance
MH^rt^ to©
(Notoo — oo
•#to
S^ "500 — OO to
00 f~ CI too
— os
t^coooot- (NO
g « *qcoow °i
the price of the raw material, thereby increasing the firmness
— "e**a TOOOTin CI
o to oo (N in O —
<Nmco^*»< •* —
of sellers of piece goods.
Those buyers who anticipated a
o t in t^ o (ON
ootoom CO<N
,_»
CI
c *f-.t~.o
t oo o o ON
t^c^moooc — M
general lowering of values as a result of the quieter condi001"" I^NtC
COtOtfiN —
OO
o
M to * e* — OO
—
— 00
00
c-i
,
i.
have therefore been disappointed, for the course of
the market has been slightly upwards and several advances
have been announced during the week. While the demand
for future deliveries has not been so large as it was recently
yet buyers realize the necessity of covering themselves to
guarantee satisfactory delivery, and the business transacted
on tins account has been of fair volume. The demand for
spot goods continues in excess of the supply, indicating
lightness of stocks in every direction.
Export business has
<
o
been insignificant. The demand for woolen and worsted
dress goods has been very good, and the season thus far has
been quite satisfactory to sellers.
x
tions
DOMESTIC COTTON GOODS.— The
exports of cotton
goods from this port for the week ending Oct. 23 were 4,291
packages, valued at S276,907, their destination being to the
points specified in the tables below:
1904
190.5
Since
Week.
39
20
Groat Britain
Other European
Jan.
907
America
America..
299
765
14.M 10
18,498
14,414
4,291
Total
252,915
New
91
11,738
4:',, 707
Hi, 951
2.261
1
;
Z
<
H
-
COOOoON
U5CONOO
io
.4;
tOtO_TtO©
CNtO
Oh
———n
I
3
00
"Jt
CO
tOOTtOt^
CO— OtO
IN
oo
coin
— oioto © in
—
Tft^
r-l
1-t
sS
o
©»
•
ci oo oo co
P
COO (OtO —
r^oc ocooc
O00 N — T
COO qo_N
a
o
55
IN
<
T-*
O00 — 1^00
CO IO LO CM
v
ce io ci
S
oo
S3
to c
H
—
ft.
- -' EC
l" I
—OO
oV
COo t- in oo ON
xy
M CO — 00 CO ON
ocinocico
— — oooto
-r
COOT*tO
OOOMtOO
oooo
to to
*ininc»-
OTT00 —
cooo- ©
— t»OK50>
<
ON
—o
N00
into
CO©
CO
o"o NCO*
O
n
T
22 n7
to
in
-^—1
2§
|
OCOTOT o©
©TTOtO oo
too in — — TN
r-l
tO
NT
T © O T "——
O N N tO T
ci
CO©
in ci
l-O
—i
?l
1
— 00
mo o W
I
o*—*
© T o,-r
—
co -o
'£
CO TT
O0N
OtO
00T
oo
£ g
o
—o
-
* us ci o — CIO
to — o oo o
—o
0_NT_iq-r r-(N
TOO
in©
o co ooo
CIO — OI- — ci
-r t. ci co —
°.' n
a ~ re
c-ii-?i o x
i--r
CI — —CI
i
00
ooo
oto
or-
oe*
ei
".
—
co»
o oo to 1^ o iqq.
NhOCCH r^to
<n ov'n-£
— cj —oo — o"
-r —
OS
°."Vo"5</> ")f'o Nop
-ecu — M00 - /.
N«S3
=—
o
— —
- BS
Ot~-OTj<t>.
tco OCIO
N© owe
©o" o CON
MO CNN
~Hf5
&a
=
S;
— morn
o to •* o
IN* — Nt^
oo
oo
T CO — o
OOOTOO to 00
O T ttOiGi ON
HONCON — CO
CO CJ 0> T "5
TOO
<0
OC3
r^to
O-T
*t^
00
—O
— N co— o SOS
-5
— «(•
<N
Tto"o"
—
X
00
q
-s>N
— "^
O
H
o Q
in
"ON
•OO
O)*
©—
(NO
to —
10 0)90*
•*t^
—
/_
Q
—
f»Tj<tOt~
noiMiis
O00f» — M
01H*0(«
<
— — — — o*
— co co to — 00 1^
incNior-to
into
— <N 00 COIN oo to
— <n —in oo
— NT
OtOt>^< — O0N
IN
——
COT
oo
oo to
iMtO
*
has been
$13,693,653
There baa been fair purchasing of heavy-weight drill
by the home trade, and these are still difficull to
obtain for anything like early shipment
Some buyers
taken fair quantities of 3.50 and 4-yard sheetings at fair
prices, with deliveries extending well ii
Lighter
weight sheeting
also been in request, both for near-by
and fairly distant delivery. Inquiries on 3.50-yai
have i,
f r „ m n, ,\ g ea buyers, but manufactui
have refused to consider tie- prices that have be< d offered.
Chinese inquir;
been received in fair volume, but no
PJ
©*
r^r~
—»
—
— CN
W
M
tOCOOOh©_N IO O T
c-i
O t~ N to"oo"
r-lTt~N —
191.591
of these
York export* since Jan.
in 190.5, against $11 ,640,093 in 1904.
.
3
•«o «»»
1.
24
663
69,808
6,492
14,857
17
285
-J
no
OOlNt^f
ftOOOMN
<n oi
N00OO00
<
S-
2,384
537
Other Countries
Jan.
©"3©'* —
— — o*o"in
—
c^
*0
H
o
— 00
— oocotoo
o
—
B.154
16,762
512
26.
1,538
ral
The value
566
87
ico
h
16
5
99,887
13,420
22,340
9,156
25
25
Africa
'Indies
Week.
820
878
Arabia
s
Since.
1,000
China
India
1.
NN
^
**»
s
-
cc -r
cr
rotoNco
.
i
- /.
d
io
r
-
-
/•
i
•
;
/.'
i
OS
9
0-
1
-
—
z
gi
i
I
Z
-
Oi
9
'.
:§
:i
sCx^i
2
i
a
,
r
.
,
,
~
I
•-
—
~n
o
•
—
'i
;£
^
_rt
V
1
3
u
Z
=
s
—
c
s
£ 5-
o
c
—
i
3
*"-
-.
'
it
I "1
o
ii %
=
.-
vi- =
S— £
£
-
J
THE CHRONICLE.
332
6W£
AIM
01TY BEfAftTIWENT.
[Vol. lxxxi.
—
Cartersville, Ga.
Bonds Defeated. The election Oct. 21
resulted in the defeat of the proposition to issue $30,000
and $20,000 electric-light bonds.
Caspar School District, Mendocino County, Cal. Bond
Proposals will be received until 2 p. m. Nov. 7
Offering.
by the Board of Supervisors at the office of Hale McCowen,
Calls and Redemptions.
Clerk, for $3,000 7% gold school bonds.
Denomination
Colorado Springs, Colo. Bond Call. Call is made for $500. Interest annually on Jan. 1.
Maturity one bond
payment Oct. 31 at the office of the City Treasurer or at yearly for six years. Certified check (or cash) for 10% of
E. H. Rollins & Sons in Boston, Chicago, or Denver, of amount of bid, payable to the County Treasurer, required.
the following bonds:
Ky. Bond Bids. Bids for the
Central Covington,
$20,000 5% 10-15-year (optional) sewcr-extenslonabonds (No8. 1 to 20) dated Oct.
15 1894.
$5,842 54 6% street-improvement bonds described in V. 81,
25,000 5% 10-15-year (optional) water-works-extension bonds (Nos. 1 to 25)
p. 1201, were referred to the Committee on Law; they to re1894.
dated Mar.
75.00u 5% K-15-year (optional) water-extension bonds (Nos. 1 to 75) dated
port at next meeting, Nov. 1 1905. The bids were as folOct. 15 1894.
lows:
People's Savings Bank, 106, and the Citizens' Na15,000 5% 10-15-year (optional) sewer-extension bonds (Nob. 1 to 15) dated
.sewer
—
Bond
—
—
1
85.000
July 1 1895.
10-15-year (optional)
dated Mar. 1 1894.
5%
water-works-extenslon bonds
(Nos.
1
to
35)
— William
L. Murphy, City
1 at the Mercantile Trust
Clerk, calls for
Co., New York City, $38,000 bridge and $55,000 sewer
bonds bearing date Nov. 1 1891. These bonds mature
Nov. 1 1911 but are subject to call Nov. 1 1901.
Bond Call.
payment Nov.
Missoula, Mont.
—
Portland, Ore. Bond Call. Improvement bonds Nos.
899 to 961 were called for payment Oct. 1.
This borough has
South Bethlehem, Pa. Bond Call
called for payment Dec. 1 $5,000 4% market bonds maturing
June 1 1909 but now subject to call.
—
Bond Proposals and
Negotiations
this
week
have been as follows
—
Alderson, W. Va
Bonds Not Sold.— The $12,500 6%
water and street-improvement bonds offered on Oct. 6 have
not yet been sold. Denomination $100 or multiples thereof.
Date Oct. 6 1905. Interest annually on Dec. 1. Maturity
$2,500 on Dec. 1 of the years 1915, 1920, 1925, 1930 and 1935
O. D. Massey is City Recorder.
Attleborough, Mass. Bond Offering.
Proposals will be
received until 2 p. m. Oct. 31 for $50,000 3}4% water-supply
bonds. Authority Chapter 53, Acts of 1905, and election
held Sept. 22. Denomination $1,000.
Date Nov. 1 1905.
Interest semi-annually at the Boston Safe Deposit & Trust
Maturity Nov. 1 1935. Bonded debt, includCo. of Boston.
ing this issue, $567,000; floating debt $58,000. Assessed
—
valuation $10,780,330.
Frank
Babcock
I.
is
urer.
Town
tional
Bank, 105.
—
Chagrin Falls, Ohio. Bonds Defeated. The proposition
to issue $15,000 sewer bonds failed to carry at the election
held -Oct. 23, the vote being 153 for and 180 against.
Chestnut School District No. 50, Gallatin County, Mont.
Bond Sale. On Oct. 17 the $3,800 73^-year (average) coupon
school-building bonds described in V. 81, p. 1201, were
awarded to the State Board of Land Commissioners at par
for 6 per cents.
A bid of par for 6 per cents was also received from C. H. Coffin of Chicago.
Chicago (111.) Sanitary District. Bond Offering. Proposals will be received until 1 p. m. Nov. 8, by the Board of
Trustees of the Sanitary District of Chicago S. D. Griffin,
Clerk— for $1,000,000 4% bonds. Denomination $1,000!
Date March 15 1905. Interest semi-annually at the ofMaturity $56,000 yearly on March 15
fice of the Treasurer.
from 1907 to 1923 inclusive and $48,000 March 15 1924.
Certified check, payable to the Clerk of the Sanitary District of Chicago (or else cash) for 3% of the amount of bid,
required.
Securities are part of the issue of $2,000,000
bonds, of which $1,000,000 were awarded early in Septem-
—
—
—
ber.
—
Chisago County (P. O. Center City), Minn. Bond Sale.
Oct. 24 the $18,500 5% ditch bonds described in V. 81,
p. 1060, were awarded to MacDonald, McCoy & Co. of
Chicago for $19,000 and interest. Following are the bids:
On
MacDonald.McCoy&Co.. Chic.S19.000 001 Chisago Co. B'k.. Center City.$18,865 00
John C. Carlson, Rush City... 18,999 00| Union Investment Co., Minn.. 18,692 00
Lamprecht Bros. & Co.. Cleve. 18,738 651 Minn. Loan&Tr. Co., Minn... 18,555 00
—
Bids.
Following are the bids received
Cincinnati, Ohio.
on Oct. 16 for the $250,000 S}4% 20-year coupon streetTreas- improvement bonds awarded, as stated last week, to the
Western German Bank of Cincinnati:
Barnstable County (P. O. Barnstable), Mass. Bond Sale. Western German Bank, Cin..$253,017 00 Cincinnati Trust Co
$251,025 00
252,152 50|Farson, Leach &
& Co.,
Oct. 23 all bids received for the $32,000 notes de- R. Kieybolte & Sons,Cincln.. 251.390 00| Atlas Nat. Bank,Co.. Chic... 250,675 00
Cincinnati- 250,281 25
E.H.Rollins
Chic...
scribed in V. 81, p. 1201, were rejected.
Coalville, Utah.
Bond Sale. The First National Bank
Bay Spring, Miss. Bond Sale. On Oct. 10 $5,000 6% of Coalville has purchased an issue of $10,000 electric-lightschool bonds were awarded to John Nuveen & Co. of Chi- plant bonds.
cago at 100.50. Denominations $100 and $500. Date
Coffeyville,(Kan.) School District No. 3. BondElection.
Oct. 10 1905.
Maturity $100 yearly for fourteen years and
The Board of Education has decided to submit to a vote of
balance in fifteen years.
the people the question of issuing $50,000 school-house bonds.
Benson, Neb. Bond Offering. Proposals will be received
Columbia School District No. 18, King County, Wash.
until 12 m. Nov. 18 by F. S. King, Village Clerk, for $20,000
Proposals will be received until 2 p. m.
5-20-year (optional) coupon water bonds. Authority Bond Offering.
5%
vote of 182 to 21 at election held Aug. 1 1905. Denomina- Nov. 4 by Matt H. Gormley, County Treasurer, for $34,000
Aution $1,000.
Interest semi-annually at the State Fiscal coupon funding bonds at not exceeding 6% interest.
Agency in New York City. The village has no debt at thority election held April 4 1905. Denomination $500.
present.
Tax valuation 1905, $160,000; real value about Interest semi-annually at the office of the County Treasurer
Maor at the Washington fiscal agency in New York City.
$800,000.
Certified
turity 20 years, subject to call after 10 years.
Bossier Levee District, La. Bond Sale.
On Oct. 5 the check or draft for 1% of par value of bonds required. Bond$50,000 5% 40-50-year (optional) coupon bonds described
ed debt at present $25,000. Assessed valuation $869,331.
in V. 81, p. 860, were awarded to the Germania Savings
Dallas, Tex. Bond Election.
An election will be held
Bank & Trust Co. of New Orleans.
Boyce, La. Bond Sale. This place recently awarded on Nov. 14 to vote on the question of issuing the following
water-works improvement
$12,833 5% water-works bonds to the Noel-Young Bond & 4% coupon bonds: $300,000
Stock Co. of St Louis. Denomination $500 and $208 50. bonds; $150,000 high school-building bonds; $50,000 wardDate Sept. 2 1905. Interest Jan. 1 and July 1. Securities school-bonds; $60,000 street-improvement bonds and $27,500
mature $3,208 50 yearly on Jan. 1 from 1906 to 1909 in- jail bonds.
clusive.
Danville, Va.—Bond Sale.—The $50,000 4% street-imBratenahl, Ohio. Bond Sale. On Oct. 18 the $3,016 85 provement bonds mentioned in V. 81, p. 683, were sold at
5% water and sewer bonds described in V. 81, p. 1000, private sale on Oct. 10 to Wm. A. Read & Co. of New York
were awarded toW. J. Hayes & Sons of Cleveland for $127, City at par and accrued interest. Denomination $1,000.
premium and interest. An offer of $105 premium was also Date Sept. 1 1905. Interest semi-annual. Maturity Sept.
1 1935.
received from Hayden, Miller & Co. of Cleveland.
Daviess County, Ind. Bond Sale. On Oct. 7 a $1,000
Bristol, Tenn.
Purchase of Water Plant Proposed. The
Barr Township bond maturing Nov. 14 1906 was
Nashville "American" states that the City Council on Oct.
17 voted to accept the proposition of Sam L. King for the awarded to the People's National Bank at par.
purchase of his water system by the city at the proposed
Deadwood, So. Dak. Bond Election. At the November
price of $150,000, subject to ratification by a vote of the election the question of issuing $4,500 5% 5-20-year (oppeople at an election to be held within forty days from date. tional) coupon funding bonds will be submitted to a vote of
Bynum (Tex.) Independent School District. Bonds Not the people.
Yet Sold.
No sale has yet been made of the $4,500 5%
Dorranceton (Borough), Pa. Bond Offering. Proposals
school-building bonds voted at the election held Aug. 15 1905. will be received until 12 m. Nov. 1 by H. M. Gordon, ChairCambridge, Ohio. Bond Sale. We give below the bids man of Finance Committee, at the office of Geo. H. Butler,
received on Oct. 23 for the $10,375 5% 1-10-year (serial) No. 33 Bennett Building, Wilkes-Barre for $15,000 5%
North Seventh Street assessment bonds described in V. 81, coupon Market Street paving bonds. Denomination $500.
Maturity $1,500 yearly on Nov. 1
Interest semi-annual
p. 1132.
from 1906 to 1915 inclusive.
Premium
Premium
Albert Kieybolte & Co.. Cincln...$518 75 Denison, Prior & Co., CI. & Bost.$400 00
East Orange, N. J. Bonds Proposed. The issuance of
R. Kieybolte
Co., Cincinnati.. 46K 87 New First Nat. Bk., Columbus
397 35
Lamprecht Bros. & Co., Cleve
458 57 P. S. Briggs & Co., Cincinnati... 361 75
bonds is being considered.
W.J. Hayes & Sons. Cleveland.. 430 00 Brighton-German Bk., Cincinnati 353 10 $140,000 4% 40-year school
Weil. Roth & Co., Cincinnati
421 00 Sec.Sav.Bk. &Tt. Co., Toledo.. 350 00
East Windsor (Town), P. O. Melrose, Conn. Bonds
Seasongood & Mayer, Cincinnati. 418 75 W.R.Todd & Co., Cincinnati... 126 00
Hoehler & Cummings, Toledo
Authorized. The issuance of $75,000 20-year coupon funding
402 50
1
—On
—
.
—
—
—
—
—
—
—
—
—
—
4H%
—
—
—
—
,
.
—
<fe
—
— —
Oct. 28
—
TIIK CHRONICLE.
1900.;
Securities will be dated Jan.
bonds has been authorized.
l
Eden Plain School District, Contra Costa County, Cal.—
BonA Sal,-.— On Oct. 17 the 16,000 .v, t-10-year (serial)
Y. 81, p. 1202, were
of Savings at L 02 .916 and
gold coupon school bonds described
in
awarded to the Oakland Hank
Following are the bids:
interest.
$t>.17"> \V. R. Swats
Oakland Bank Of Savincs...
Merchants mist Co.. Los Aii.-fifs. 6,121]
—
Pasadena
Co..
.16,111
—
Edgar County, 111. Bonds Defeated. The proposition
to issue 180,000 funding bonds failed to carry at the election held Oct 10, the vote being 033 for and 2,436 against
the issue.
—
Edmonton Protestant
Public School District No. 7, Alta.
Proposals will be received until 4 p. in.
Debenture Offering,
Nov. 14 by St. George Jellett, Secretary, for $44,000 ,v
30-year school debentures.
Proposals will de reEl Paso, Texas. Bond Offering.
ceived until 12 m. Nov. 1 by Percy McGhee, City Clerk, for
$175,000 5% coupon gold street-improvement bonds.
Denomination $1,000. Date Nov. 1 1905. Interest semiannually at the Chemical National Bank of New York City.
Maturity 30 vears, $50,000 being subject to call after 15
years and $125,000 after 20 years. Certified check for $1,000
required.
Everett, Mass.—Bond Sale.— On Oct. 26 $80,000 4%
school-building bonds were awarded to Blake Bros. & Co.
of Boston at 101.912.
Denomination $1,000. Date July 1
Interest semi-annually at the Winthrop National
1905.
Bank of Boston. Maturity $8,000 yearly on July 1 from
1906 to 1915 inclusive.
Falls County (P. O. Marlin), Tex.
Bond Sale. On Oct.
19 the $32,000 5% 5-10-year (optional) bridge bonds described in V. 81, p. 1133, were awarded to the First National
Bank of Marlin at 103 and interest. These bonds were
registered by the State Comptroller on Oct. 21.
Findlay, Ohio.—Bond Sale.— On Oct. 12 the $4,035 36 5%
2-9-year (serial) coupon Liberty St'eet paving bond- described in Y. 81, p. 1001, were awarded to Seasongood &
Mayer of Cincinnati at 103.88 and interest.
Fort Bragg School District, Mendocino County, Cal. Bond
Proposals will be received until 2 p. m. Nov. 7
Offering.
by the Board of Supervisors at the office of Hale McCowen,
County Clerk, for $ 5,000 5% gold school bonds. Denomination $500.
Interest annually on Jan.l.
Maturity $500
yearly for 10 years.
Certified check (or cash) for 10% of
amount of bid, payable to the county Treasurer, required.
Franklin, Va
Bonds Voted. This place on Oct. 14
by a vote of 67 to 21 authorized the issuance of $40,000
water and s ewer bonds.
Fremont, Ohio. Bonds Awarded. The $30,000 4J^%
fire-department bonds bids for which were opened on Oct. 9
(see list in last week's issue) were subsequently awarded to
Lamprecht Bros. & Co. of Cleveland at their bid of $31,387
—
j
—
—
—
—
—
—
—
.
—
—
__
and interest.
Bond Sale.— On Oct. 17 the $30,000
4^%
5%-year
West State Street assessment bonds
81, p. 1061, were awarded to Hoehler &
Toledo for $30,62 7 50 and interest.
erage)
Y
(av-
described in
Cummings
of
—
Georgetown, Wash. Bond Election Proposed. The quesan election to vote on the issaunce of $20,000
water bonds is being considered.
tGloversville, N. Y.
Bond Offering. Proposals will be
received until 2 p. m. Nov. 21 by O. L. Everest, City Chamtion of calling
—
—
for $1 50,000 4% registered sewT er-construction
bonds. Authority Chapter 193, Laws of 1903. Denomination $1,000.
Date Nov. 1 1905. Interest semi-annually at
the office of the City Chamberlain.
Maturity Nov. 1 1945.
Accrued interest to be paid by purchaser.
berlain,
Gouverneur,
St.
—
Lawrence County, N.
Y.— Bonds De
This village on Oct. 10 defeated a proposition to
issue $25,000 municipal-telephone-system bonds.
The vote
was 64 for and 111 against the question.
feated.
A.c1 under which it was proposed to
unconstitutional.
Hood River Irrigation District, Wasco County, Ore.
Bond Sale.- On Oct. 24 the $60,000
Coupon bonds
described in V. 81 p. 1062, were awarded to Trowbridge A
Niver Co. of Chicago at par and blank bonds free of charge.
on the ground thai the
issue the
1906.
—
—
Grand Rapids, Mich. Bonds Xot Yet Authorized. No
steps have yet been taken looking to the issuance of the
$120,000 \ r l sewer bonds mentioned in V. 81, p. 930.
Hammond, La..— Bond
— On Oct. 20
the $30,000 5%
coupon water and drainage bonds described in V. 81, p.
1061 were awarded to the Hammond State Bank at par and
Sale.
,
interest.
•
—
w fc^kfcj
-
13:13
same
is
—
<">'
,
Hoosick Falls, N. Y. Price Paid for Bonds.
We arc advised that the price paid by N. W. Harris & Co. on Oct. 5
for the $25,000 l-25-year (serial) building bonds awarded
to them (see V. 81, p. 1272) was $25 ,007 75 for 3. SO per cents.
These bonds take the place of the $25,000 awarded as 4 per
cents on Aug. 23 to N. W. Ilalsey A: Co. of New York City,
that stile not being consummated for the reason that a question was raised as to the validity of that award.
—
—
—
Hopewell, N. J. Bond* Not Sold. Bond Offering. The
$15,000 4% water-improvement bonds offered on Oct. 23
were not sold. These bonds have been placed for disposal
in the hands of W. P. Bainbridge, Counsellor-at-Law, No. 4
South Broad Street, Trenton, who may be addressed by
those interested.
Bond Sale. On Oct. 10 an issue of $10,000
Ionia, Mich.
1-5-year (serial) paving bonds was awarded to W. E.
Moss & Co. of Detroit at 100.31. Denomination $1,000.
—
—
4%%
Kennett
School
Shasta
District,
— An election
County,
Cal.
—Bond
held Oet. 30 to vote on the
1-14-year (serial) gold bonds.
question of issuing $7,000
Denomination $500. Interest annual.
Election.
will
be
6%
—
Bond Sale.— On Oct. 20 the $40,000 5%
Lake City, Fla
30-year coupon street and sewer bonds described in V. 81,
p. 1062, were awarded to the First National Bank of Lake
City at 101.
Lake Preston, S. Dak. Bonds Voted. It is stated that
this place has voted to issue $8,000 bonds for a sewerage
system.
—
—
—
—
Lawrenceburg, Tenn. Bonds Voted. The election Oct.
23 resulted in a vote of 182 to 37 in favor of the proposition to
issue $25,000 5% 10-20-year (optional) water and light
bonds. Date of sale not yet determined.
Lindale (Tex.) Independent School District. Bonds
Registered.
The State Comptroller on Oct. 17 registered
an issue of $1,000 6% 5-20-year (optional) school-house
bonds dated July 1 1905.
Lindsay, Ind. Ter. Bond Sale. It is stated that an issue
of $10,000 bonds has been sold at 104.57.
Logan (Iowa) Independent School District. Bond Sale.
We are advised by Squire & Annis of Council Bluffs that they
were the successful bidders on Sept. 4 for the $30,000 5-10year (optional) school-building bonds described in V. 81, p.
794, the bonds being awarded as 4 34 per cents.
Louisville, Ky.
Temporary Loan. The Mayor on Oct. 19
borrowed temporarily $50,000 from the National Bank of
Kentucky and $50,000 from the First National Bank. Loan
was made in anticipation of 1906 taxes.
Luzerne and Hadley Union School District No. 1, N. Y.
Description of Bonds.
The $23,000 4% school-house bonds
awarded on Oct. 17 to Geo. M. Hahn of New York City at
100.76 (see last week's issue) are in denomination of $1,000,
dated Oct. 1 1905. Interest annual. Maturity $1,000
—
—
—
—
—
—
—
—
—
—
yearly.
—
w'-tJ
—
Manistee, Mich. Bonds Awarded.
We are informed that
the $50,000 4% 18-22-year (serial) park bonds, bids for which
were opened on Aug. 1 and referred to the Finance Committee, were subsequently awarded to W. R. Todd & Co. of
Cincinnati for $50,250.
The bonds have not yet been delivered to the Cincinnati firm.
See V. 81, p. 280, for description of bonds.
Mansfield (Ohio) School District. Bond Election. It is
stated that a proposition to issue $18,000 school-houseaddition bonds w ill be submitted to a vote of the people at
—
—
r
the
fall election.
Marion, Ohio.—Bond Sale.— On Oct. 25 the $23,120 4%
refunding bonds described in V. 81, p. 1273, were awarded
to Albert Kleybolte & Co. of Cincinnati for $23,346 70 and
interest.
'
^
fci
Marion and Truro Townships Road District, Franklin
County, Ohio. Bonds Not Sold. No sale has yet been
made of the $3,700 6% James Free Turnpike bonds offered
—
on Oct.
—
3.
4
•
•
ft
;4
Marys ville, Ohio.—Bond Sale.— The $2,000 4J^% North
.Maple Street improvement, the $5,000 4J^% South Maple
Y.—Bond Offering. Proposals will Street improvement, the $5,500 4J^% South Court Street
be received until Nov. 8 by C. W. Stebbins, Town Clerk, improvement and the $7,000 4J^% Third Street improvefor $12,000 4J^% coupon highway and
bridge bonds. ment bonds described in V. 81, p. 931, have been taken by
Denomination $1,000. Interest semi-annually on Feb.
the Sinking Fund Trustees as an investment.
'J
at the State Bank of Silver Creek.
Maturity $3,000 yearly
Melrose Sanitary District, Alameda County, Cal. Bonds
on Feb. 1 from 1907 to 1910 inclusive. The town has no Invalid
Bond Election. We are advised thai the $31,000
bonded debt at present. Assessed valuation $1,900,000.
5% 20-year gold sewer-system bonds which this district
Hendricks County P. O. Danville;, Ind.— Bond Sale.- offered on Auk. 31 have been found to be invalid. The
On Oct. 3 the $3,800 -V /
free-gravel-road bonds de- district will shortly cal] another election, which will probably
Ibed in Y. SI p. 101
be held early in December.
awarded to E. D. Bush &
of Indianapolis for $3,840.
Bond mature $05 each six
Mercer, Pa.—Bond Sale.—Oil Oct. 26 the $9,000 t%
months from May 15 1906 to Nov. 15 1925 inclusive.
described In
LO-20-year (optional) coupon paving
Hoboken, N. J.— Bonds Refused— H. L. Crawford tv. Co. V. 81, p. 1203, were awarded to T. K. Adams, Bugh JamiFollowing are the bids:
of New York City, who on Aug, 23 were awarded $10,000 Bon and J. R. Crawford for $0,110.
"
Adami.JamtoonACrawford... JB.110
4% park bonds (see V. si, p. ;ii have refused the bonds Farmers (V
I'ltu
9,025 00
.9,100 00 Municipal Beo. torn
Hanover (Town;
,,N.
1
—
—
—
,
I
,
'
'
,
1
'
.
[Vol. lxxii.
THE CHRONICLE.
—Bids. — Following Portland, Conn.—Bond Sale.—Of the $82,000 4% 20-year
1334
Mercer County (P. O. Trenton), N. J.
are the bids received Oct. 19 for the $54,900
bridge and
renewal bonds awarded, as stated last week,
the $10,000
to Dick & Robinson of New York City.
•
4%
4%
&
$54,900 Bonds.
$10 ,000 Bonds
104.38
104.29
fuli ornonc) 104.375
104.288
104.05
104.078
104.278
103.025
103.876
103.375
104.125
103.274
102.15
103.25
New York
John D. Everitt & Co. New York
H.L.Crawford &Co., New York
N. W. Halsey & Co., New York
Farson. Leach & Co., New York
Blodget, Meritt&Co., Boston
N. W. Harris A Co.. New York
Lawrence Barnum &Co., New York
Dick
Robinson,
Miamisburg, Ohio.—Bond Sale.— On Oct. 24 the $8,682 39
1-10-year (serial) Main Street assessment bonds described
in V. 81, p. 1134, were awarded to Chas. A. Herbig of DayFollowing are the bids:
tion for $8,752 39 and interest.
•
4%
$8,687 39
$8,752 39 Well. Roth &Co.. Clncln
8.687 39|Seasongood & Mayer. Cincin... 8,682 39
Chas. A. Herblg, Dayton
1
W.J.Catron. Miamiaburg
—
—
Midland County, Tex. Bonds Registered and Sold. This
county on Oct. 21 had registered by the State Comptroller
an issue of $30,000 4% 5-20-year (optional) court-house
bonds dated Aug. 21 1905. These bonds were purchased
at par and interest by the State Board of Education.
Monrovia, Cal. Bonds Voted. The election Oct. 10
—
—
resulted in favor of the proposition to issue $26,000 park,
library-site and city-hall bonds.
—
—
Morristown, Pa. No Bonds to be Issued. We are advised that no bonds will be issued to pay for the $12,000
sewer mentioned in V. 81, p. 630, but only temporary loans
from local banks as money is needed.
—
—
Ind. Ter. Bond Sale. On Oct. 16 the
$175,000 20-year water, sewer and school bonds described
in V. 81, p. 1063, were awarded to Mason, Lewis & Co. and
E. H. Rollinsj& Sons of Chicago as 4% per cents. Following
are the bids:
Muskogee,
For AVi Per Cents.
For 5 Per Cents.
%
$
E. H. Rollins & Sons, Chicago. 178,622 75 Farson, Leach & Co., Chicago. 189,175
Mason, Lewis & Co., Chicago. 178,798 00 MacDonald. McCoy & Co., Chil86,375
W. J. Hayes & Sons, Cleve... 178.275 00 Trowbridge & Niver Co., Chic.185,623
Commerce Nat. Bk.,Muskogeel78,255 00 Union Sav. Bk. & Tr. Co. ,Cin. 185,500
Farson, Leach <fe Co.. Chicago 1 7 7,828 00 Robinson-Humphrey Co., Atl. 183.750
Spitzer & Co., Toledo
177,510 00 Bank of Commerce, Muskogee. 183.500
F. R. Fulton & Co., Chicago.. 177, 230 00 John Nuveen & Co.. Chicago.. 182,875
Trust Co. of Dallas, Dallas
178.500
00
00
00
00
00
00
00
00
Newburg, Ohio.—Bond Sale.— On Oct. 3 the $50,000 5%
20-year coupon water bonds described in V. 81, p. 863, were
awarded to Lamprecht Bros. & Co. of Cleveland for $56,517
and accrued interest.
Newfoundland. Description of Bonds. Sir Robert Bond,
Premier, sends us a description of the bonds recently sold in
London. These securities aggregated £390,500 sterling
—
—
and were issued
at 96.
Denomination £100 sterling. Date
Interest semi-annual.
Oct. 1 1905.
Maturity forty years.
These bonds were issued to pay for cables and telegraphs.
New Smyrna,
—
—
Fla.
Bonds Defeated. By a vote of 14 for
to 17 against, a proposition to issue $5,000 improvement
bonds failed to carry at the election held Oct. 17.
are
informed that the vote was very light, owing to restrictions
and qualifications required, and also to the fact that many
voters are away at this time of the year.
refunding bonds offered on Oct. 24, $20,000 were awarded to
the Freestone Savings Bank of Portland at 105 and $77,000 to
H. K. Taylor & Co. of Hartford at 104. See V. 81, p. 1204 for
description of bonds.
No Sale Nov. 1. The report in this column last week
that $88,000 coupon refunding railroad bonds would
offered for sale on Nov. 1 seems to be an error.
Our
nouncement was based on data furnished by the Town Clerk
who in filling out one of our printed forms gave Nov. 1 as
the date when proposals were to be received. The date,
it would appear, should have been October 24 and the issue
is evidently the one the sale of which is recorded above.
Portland, Ore. Bond Sale.
On Oct. 17 the Committee
on Ways and Means of the City Council awarded $81,169 44
6% local-improvement bonds to A. H. Maegly and Abraham
Tichn( r at 105.11 and accrued interest.
Numerous bids
for varying amounts were also received from other local
investors.
Bonds mature in ten years, subject to call after
one year. Interest semi-annual.
Punxsutawney (Pa.) School District. Bond Offering.
Proposals will be received until 8 p. m. Nov. 6 by George
C. Brown, Secretary, for $65,000 4% school-house bonds.
Denomination $1,000. Date Jan. 1 1906. Interest semiannually at Punxsutawney National Bank. Maturity Jan.
1 1936, subject to call after Jan. 1 1916.
These bonds
(but slightly different as to details) were offered but not sold
on Oct. 14.
Rockmart, Ga. Bond Election. On Nov. 8 a proposition
to issue $6,000 5% 1-20-year (serial) electric-light bonds
will be submitted to a vote of the people.
Roseau County (P. O. Roseau), Minn. Bond Sale. On
Oct. 20 the $30,000 funding and refunding bonds described
in V. 81, p. 1003, were awarded to U. M. Stoddard & Co. of
Minneapolis at 101.333 for 4J^ per cents. Following are
the bids
For 4K Per Cents
For 5 Per Cents.
V. M. Stoddard & Co., Minn'p$30,400 OOIC. C. Gowran
Co. ,Gr .Forks. $31, 454 00
C. A. Boalt & Co., Winona... 30,385 00 C. H. Coffin, Chicago
30.901 00
•-.
—
i
—
—
—
—
—
—
—
:
|
<fe
N.W.Harris & Co., Chicago.. 30,384 00 Security Trust Co., St. Paul.. 30,600 00
W. J. Hayes & Sons, Cleveland 30,007 00 Union State Bank, Rochester. 30,185 08
For 5 Per Cents.
Lawrence Barnum & Co., N.Y. 30,102 00
|
& Living Co.. St. Paul. 31.526 00 Commercial Inv. Co., Duluth. 30.000
Rutherford County (P. O. Rutherf ordton) N. C. Bond
Sale.— On Oct. 9 the $100,000 16-year (average) refunding
railroad-aid bonds described in V. 81, p. 1003, were awarded
to Seasongood & Mayer of Cincinnati at 101.10 for 4^
per cents.
Sabine County, Tex. Bond Election. At the November
election the question of issuing $30,000 4% 10-40-year
(optional) court-house bonds will be submitted to a vote of
Scholle
—
1
,
—
—
the people.
St. Clair Heights, Mich.—Bond Sale.— On Oct. 18 $36,000 5% water and sewer bonds were awarded to Matthew
We
Finn of Detroit for $36,500. Authority vote of 73 to 14 at
Date Oct. 16 1905. Interest
election held Sept. 16 1905.
Maturity Oct. 16 1935.
semi-annual.
Bond Sale. We give below the bids
St. Paul, Minn.
North Hempstead, Nassau County, N. Y. Bond Offering.
received on Oct. 24 for the $75,000 4% 30-year park and the
This town will sell at public auction at 10 a. m. Oct. 30
30-year street bonds described in V. 81, p. 1204:
(time extended from Oct. 23) in the Directors' Room of the $10,000 4%
Day &
$88,480 75
$90,437 45 P..
Boston
Estabrook & Co., Boston
Nassau County Bank at Mineola, the $20,000 4% town- Denison, Prior & Co..Cl.&Bost.89,904 50 N. L. HalseyCo.,Co., Chicago. 88.400 00
W.
&
87,805 00
E.H. Rollins & Sons, Chicago. 89.725 00 Blake Bros. & Co., Boston
meeting-house bonds mentioned in V. 81, p. 1204 and 1003.
Geo. A.Fernald & Co., Boston 89,663 10 Farson, Leach & Co., Chicago. 87.560 00
Denomination $2,000. Interest January 1 and July 1. W. J. Hayes & Sons, Cleve... 88,970 00 Merchants Nat. Bk., St. Paul
(for park bonds)
78,375 00
Maturity $2,000 yearly on July 1 from 1910 to 1919 inclusive. Blodgett, Merritt & Co., Bost. 88,638 00
Monroe S. Wood is Town Clerk.
San Diego, Cal. Bond Bids. Following are the bids reOmaha, Neb. Bond Election. On Nov. 7 the question of ceived on Oct. 16 for the $75,000 4J^% coupon gold sewer
X
coupon gold water 1-40-year (serial)
issuing $50,000 intersection, $90,000 main-sewer and $60,000 and the $54,000 4
bonds awarded, as stated last week, to the Adams- Phillips
engine-house bonds will be submitted to a vote of the people.
—
—
—
Ontonagon, Mich.
—
—
—
—
—
A%
—Bond Offering. — Proposals
will
Co. of Los Angeles:
be re- Adams.
103.00
Phillips Co., Los Angeles. 105.71 W. M. Peflly & Co
ceived until 7 p. m. Nov. 6 by Ira W. Dowd, Village Clerk, W R Staats Co Pasadena
102.00
104.64 W. R. Todd & Co., Cincinnati
51
for $6,500 5% coupon water-improvement bonds.
Denomi- E.H.Rollins &Sons, SanFrancisc.104
San Luis Obispo County, Cal. Bonds Voted. The elecnation $1,000, except one bond for $1,500. Date Dec. 1
1905.
Interest annually in Ontonagon.
Maturity one bond tion Oct. 14 on the three propositions to issue wharf bonds
yearly from 1906 to 1911 inclusive.
Either cash or certified resulted in favor of the bonds as follows:
check for $250 required. Bonded debt at present $35,000. $40,000 5% Avilla wharf bonds. Vote 2,004 to 515.
25,000 5% Cambria wharf bonds. Vote 1,930 to 524.
Assessed valuation $334,785.
25,000 5% Cayucos wharf bonds. Vote 1,929 to 532.
Pelham, Ga. Bonds Voted. The election Oct. 17 reSee V. 81, p. 1204, for description of securities.
sulted in favor of the proposition to issue $20,000 5%
Santa Monica, Cal. Bond Election. The election to vote
school-building bonds.
See V. 81, p. 1134, for description on the question of issuing the $37,000 sewer, the $14,000
of bonds.
storm drains, the $21,500 bridge, the $17,500 fire-enginePlymouth, Mass. Bond Sale. On Oct. 21 this town house and the $10,000 garbage bonds mentioned in V. 81,
sold an issue of $12,000 3>£% coupon water bonds to Jose, p. 1003, will be held on Oct. 31.
Parker & Co. of Boston. Denomination $600. Date
Sea Cliff, Nassau County, N. Y. Bonds Voted Bond
Nov. 15 1905. Interest semi-annually at the National Offering. By a vote of 95 to 12 this village on Oct. 18
Shawmut Bank of Boston. Maturity $600 yearly.
authorized the issuance of $9,350 shore-front-purchase
bonds. Proposals for these bonds will be received until
Polk County (P. O. Crookston), Minn. Bond Sale.
The $22,000 county ditch and drainage bonds described in Oct. 31.
V. 81, p. 1274, were awarded on Oct. 23 to U. M. Stoddard
Sharpsburg School District, Allegheny County, Pa.
& Co. of Minneapolis for $22,471 and accrued interest for Bond Sale.—On Oct. 26 the $75,000 4% coupon schoolfive per cents.
Bids were also received from the following: building bonds described in V. 81, p. 1275, were awarded
Trowbridge & Niver Co. of Chicago; Kane & Co. of Min- to Hayden, Miller & Co. of Cleveland, for $1,257 65 premium
neapolis; Denison, Prior & Co. of Cleveland and Boston; and accrued interest.
C. H. Coffin of Chicago; N. W. Halsey & Co. of Chicago;
Soperton, Ga. Bond Sale Postponed. We are advised
Farson, Leach & Co. of Chicago; the Commercial Investment that the sale of the $5,000 6% 30-year coupon school-buildCo. of Duluth; Hoehler & Cummings of Toledo; Welles, ing bonds which was to have taken place on Oct. 20 was
Dickey & Co. of Minneapolis; J. M. Holmes of Chicago; postponed until Nov. 10, bids being now requested until
Browne-Ellinwood Co. of Chicago and MacDonald, McCoy the latter date by J. J. Morning, City Attorney. See V.
& Co. of Chicago.
81 p. 1205, for description of bonds.
.
.
.
.
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
,
—
—
—
—
THE CHRONICLE,
Oct. 28 1905.]
—
—
—
Proposals wil*
South Brooklyn, Ohio. Bond Offering.
be received until l-'m. .Nov. 27 by W. T. Pupikoper, Village
Clerk, for the following bonds.
Avenue
Wiiier-nuUn-improvement
bonds.
5'-o
FnnkltndAle Avenue water-main-improvement bonds.
Denominate
DenomlE
kvenue Bewer-lmprovement bonds.
Denomlnatlo
Llndale Avenue Bewer-lmprovement bonds.
Denomination
Ltndale Avenue water-main-Improvement bonds.
Avenue water-malu-lmproveinent bonds. Denomination $140.
Henritie
l.ll
3.0:''
-
1,400
;">'
i
tion.
securities mature one bond yearly on Nov. 27
from 1900 to 1915 inclusive. Interest semi-annual. Certiof amount of
fied check on a South Brooklyn bank for
bonds bid for, payable to the City Treasurer, required.
Accrued interest to be paid by purchaser.
The above
South Omaha, Neb.
— Bond
Offering.
received until s p. m. Oct. 30 by John
— Proposals
will
be
4%
Denominafor $70,008 4'j'"; coupon refunding bonds.
tion S500 or $1,000 at option of purchaser, with the exception of one bond, which will be for $508. Date Nov. 1 1905.
Interest semi-annually at the Nebraska fiscal agency in
New York City. Maturity Nov. 1 1925, subject to call after
Nov. 1 1910. An unconditional certified check on a national
bank (or cash) for $1,000, payable to the City of South
Omaha, required. Accrued interest to be paid by purchaser.
Bidders to state the amount they will charge for
the printing and lithographing of bonds.
—
Proposals will be received
Troy, N. Y. Bond Offering.
until 12 m. Nov. 6 by William H. Gearin, City Comptroller,
registered additional water-works bonds.
for $181,500
Denomination $1,000, except one bond for $500. Date
Interest semi-annually at the office of the
Sept. 1 1905.
Maturity $20,000 in 1935, $25,000 in 1936,
City Treasurer.
$30,000 in 1937, $55,000 in 1938 and $51,500 in 1939.
of
Certified check, made payable to the City of Troy, for
par value of bonds required. These bonds were awarded on
Co. of New York City, but were
Sept. 1 to R. L. Day
subsequently declined becuse of a technical defect.
4%
—
Stark County (P. O. Knox), Ind. Bond Sale. On Sept.
30 the three issues of road and ditch bonds described in V. 81,
p. 934, were awarded as follows:
1%
&
Jameson Diteh construction bonds awarded to F. B. Sherman <fe
Co. of Chicago for $265 premium.
17,172 00 4.4% North Bend Township road bonds awarded to E. D. Bush & Co.
of Indianapolis for $53 75 premium.
California Township road bonds awarded to E. D. Bush 4
20.999 00
Co. of Indianapolis for $53 75 premium.
6<~c.
Utica, N. Y.
will sell at public
—
Stevens Point, Wis. Bonds Not Sold. We are advised
that no sale has yet been made of the $5,000 4% sewer
bonds offered on Sept. 30. See V. 81, p. 1005 for description of bonds.
—
Stonewall, Ind. Ter. Bond Sale.
This town has sold an
5% 20-year school bonds at 102.
issue of $5,500
NEW
LOANS.
Sio,ooo
Cascade
County,
4°
New
Coupon Bends.
November,
DAY
OF NOVEMBER.
Orleans. Sept. 30, 1905.
Outstnndlntr H$ Bonds,
Series B. ol the Board ol Commissioners
for the Pontchartraln l.evee Miotrict.
Notice is hereby given by ihe above-named Board
of its in ention to redeem ail of itsoutstand ng«%
Bonds, Series
Notice Is hereby given that, in pursuance of the proTtelon8 of Article 3. Chapter 2. Title 2, Part 4 of the
Political Code of 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 Hth day of October, 1905. the said
Board of County Commissioner? will on the 29TH
1905, at 2 o'clock P. M. of said day.
at the ofDce of said Board in the District Court Pou«e
in the City of
FALLS. Cascade Co.. s.'nntana.
under and by virtue of a resolution duly adopted by
•aid Board at a regular meeting thereol held on the lltn
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 first day of January and the Qrst day of
July of eachyear. which bonds will be of the denomination of One Thousand Dollars ea*h, and shall be payable
twenty years after the date of their Issue, provided,
however, that Raid bonds shall be redeemable at the
option of said County of Cascade ai 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
INVESTMENTS.
LOANS.
To the holders of the
Montana,
B.
maturing on the
flrst
Payment
lnu5.
M.
penob8cot budq.,
HUNTER
LAMBREMHNT.
C.
AND
PUBLIC SERVICE CORPORATION
BONDS.
LFABE,
President.
Secretary.
Perry, Coffin
R.
T
POTTER,
MUNICIPAL and onunc
CORPORATION BUFMUb.
B.
-
-
86 Congress
Street,
,
16
36
Congress Street, Boston.
NASSAU .STREET, NEW YORK.
STATE. ClTf & RAILROAD BONDS.
BOSTON.
Trowbridge & Niver Co.
STATE, MUNICIPAL, AND HIGH GRADE
RAILROAD SECURITIES.
MUNICIPAL AND PUBLIC SERVICE
INVESTMENT BONDS.
SEND FOR
BONDS.
lit
BOSTON,
CHICAGO,
Nat. Bank Bldg.
60 State
Speer
DENISON, PRIOR&CO. H. C.
CLEVELAND.
BOSTON.
MUNICIPAL AND RAILROAD
BONDS.
SEAS0NG00D & MAYER,
F.
R.FULTON & CO.,
Municioal Bonds
171
LA SALLE STREET,
CHICAGO.
Street.
Kaiubl!»hetl lasa.
LIST.
mercantile Library Building,
BANKERS,
Street,
STOCK EXCHANGES.
CINCINNATI.
& Co
Burr,
MEMBERS
NEW TOEK AND BOSTON
LIHT ON APPLICATION.
Blodget, Merritt
60 State
NEW YORK
BOSTON.
&
INVESTMENT BONDS.
8 Nassau Street,
LIST ON APPLICATION.
ILLS.
.
& CO.,
BANKERS,
172 Washington Street,
CHICAGO,
DAY
L.
aid Cascade County.
Commissioners, Great Tails. Cascade County. Montana.
By order of the Board of County Commissioners of
Cascade County, Montana.
FRED L. HILL.
County Clerk and Clerk of said Board.
Philadelphia.
MUNICIPAL
GREAT
Sealed proposals for the purchase of said bonds,
subject to legality, will be received up to the time of
tale, and the party or panlesjoflering the highest bid and
price therefor will receive the bonds.
A New York
draft or check certified by a bank of the City of Great
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 faltb.
The said Board of County Commissioners reserves the
right to reject any or all bids.
Bids should be marked "Bids on Bonds"' and addressed to Fred L. Hill, Clerk of the Beard of County
land-tltle bldq.
Detroit.
New
Bank.
.iccrned interest.
to present them
P.
W. NOBLE & COMPANY,
H.
day of
will be made at the State
Orleans, t'geter with all
Holders of said bonds are notified
f> r payment at said bank on the
flrsi d»yof November, iwj5, on which cay all interest
on s. id bonds will cease,
National
—
Bond
J. A. Cantwell, City Clerk,
Offering.
auction at the City Hall at 12 m. Nov. 1
$180,000 Z]/2% registered sewer-interception bonds. Denomination $6,000. Dated Nov. 1 1905. Interest annual.
Maturity $6,000 yearly on Nov. 1 from 1906 to 1935 incluSuccessful bidder to furnish certified check for 2% of
sive.
amount of bonds bid for, drawn on a national bank or a New
York State bank or trust company, payable to the order of
the City Treasurer.
4H%
NEW
—
further description of bonds see V. 81, p. 798.
Trenton, N. J.— Bond Sale.— On Oct. 27 $60,000
registered repaying bonds were awarded to Rhoades & Co.
Denominations $100 or
of New York City at 108.693.
Date Nov. 1 1905. Interest semi-annual. Mamultiples.
turity thirty years.
City clerk,
J. Gillin,
—
Tensas Parish (P. O. St. Joseph), La. Bond Sale. The
$50,000 5% coupon gold court-house and jail bonds ollcred
on Sept. 15 were awarded on Sept. 30 to John Nuvem ,V
Securities mature Oct. 15 1935,
Co. of Chicago at 105.854.
For
BUbject to call $6,250 yearly after twenty-three years.
1%
$12,367 76
.
,
Avenue water-main-improvement bonds.
rra'nkhin'.aio
2.321
1
1
Denomination
1138.
City View
—
,
$1nS.
1.3S0
:*:r>
Tallapoosa, Ga. Bonds Voted. This place on Oct. 16
voted to issue siO.COO (>'
electric-light-plant bonds to
mature SI ,000 yearly beginning .Ian.
I'.U
Sumner, Miss.— Bond Offering.
Proposals will be received until Nov. 7 by W. A. Mc Mullen, Mayor, or R.
bonds.
Bays, Town Clerk, for 85,000 .V
Date Oct. 3
Interest annual. Maturity L'O years, subji
'all
L905.
Certified check for §250, payable to the
after live years.
Town Treasurer, required. Bonds are exempt from taxa-
Denomination
Arthunlale
11.880
I
First
CITY
Nat Bank
&
Sons Co.
inilding, Chicago.
COUNTY
AND TOWNSHIP
B ONDS.
HIGH GRADE
INVESTMENT BONDS
NO STOCKS
COHRESP C NDENCE SOLICITED
Municipal &
Corporation
U ecurities
Company
of Pittsburgh, pa
.
Paid up Capital $200,000.00
THE CHRONICLE.
1336
—
West York (Borough), York County, Pa.
Proposals will be
Debenture Offering.
Victoria, B. C.
10-yearreceived until 4 p. m. Oct. 30 for §46,747
Interest
semi-annually
local-improvement debentures.
at the Bank of British North America, either in Victoria,
B. C, in Montreal, in London, England, or in New York
Accrued interest to be paid by purchaser. WellingCity.
ton J. Dowler is City Clerk.
Waltham, Mass. Bonds Authorized. The issuance of
$59,000 1-15-year (serial) coupon water-loan bonds has been
Denomination $1,000. Date Oct. 2 1905.
authorized.
Interest semi-annually at the Boston Safe Deposit & Trust
Co. Date of sale and full details of issue not yet deter-
— Proposals
4%
—
Bond Sale.
(P. O. Williamsport), Ind.
coupon bridge bonds described
Oct. 20 the $23,000
in V. 81, p. 1065, were awarded to J. F. Wild & Co. of InFollowing are the bids:
dianapolis at 104.53 and interest.
J. F. Wild & Co., Indlanap. . .$24,041 90 W. J. Hayes & Sons, Cleve...$23,728 00
Warren County
4%
On
Rudolph Kleybolte & Co. Cln.. 23,966 00 Albert Kleybolte & Co., Cin__ 23.021 50
E. D. Bush & Co.. Indlanap.. 23.900 00 N. W. Harris & Co., Ch cago.. 23.580 00
2o .230 00
Meyer & Klser Indianapolis.- 23,815 00 S A Kean, Chicago
.
Mo.—Bond
Following are the bids.
of Chicago at 106.20.
N. W. Harrlis A Co.. Chicago. ..$6,372 00| Little & Hays Inv. Co.,
B rownc-Ell nwood Co. .Chlc... 6.217 00 IS. A. Kean. Chicago
—
Williamsport, Pa,.—Bond Sale. On Oct. 23 the $30,000
10-30-year (optional) coupon street city-improvement bonds described in V. 81, p. 1206, were awarded to
Bids aggregating $97,600 were relocal investors at par.
ceived for the loan.
L.. $6,161 50
St.
3/4%
6,006 00
Mercantile Trust Co., St. Louis. 6,185 00 [Osage Valley Bank, Warsaw... 6,000 00
Denomination $500.
Date Dec.
annual.
Interest semi-
1905.
1
—
Worcester, Mass.
sioners of the Sinking
Denomination $1,000. Interest May
Hering, City Clerk.
1 and Nov. 1 at the Illinois Trust & Savings Bank in Chicago.
Maturity 20 years subject to call $2,000 yearly.
Westmoreland County (P. O. Greensburg), Pa. Detcription of Bonds.
The $1,000,000 4% court-house bonds
recently awarded to two local bankers at 100.60 (see last
week's issue) are in denomination of $1,000, dated .July 1
Interest semi-annual.
Maturity $250,000 every
1905.
—
Yorkville, York County, S. C.—Bond Sale.— On Oct. 10
the $7,000 5% 20-40-yeai (optional) coupon electric light
and water-works bonds described in V. 81, p. 1006, were
awarded to Chas. H. Coffin of Chicago for $7,101.
five years.
MISCELLANEOUS.
INVESTMENTS.
MISCELLANEOUS.
MUNICIPAL
Rudolph Kleybolte&Co.
BANKERS,
Public
Service
Corporation
ROLLINS & SONS.
E. H.
BOSTON.
Denver.
Chicago.
DBALBR8
IN
MUNICIPAL, RAILROAD and
BONDS.
San Francisco.
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW
Interest Paid on Daily artd
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
Specialists
J.
BOSTON, MASS.
MacDonald, McCoy
MUNICIPAL AND
&
La
YORK.
Time Deposits
Jersey Securities.
of
Philadelphia
757-75U Broad
NEWARK.
St.,
ENGINEERS.
Salle Street, Chicago.
CO.,
Engineers, Contractors,
43-49 Exchange Place,
Whiting Papers
guarantee
andTRUST COMPANY
146 Broadway, New York.
175 Remsen Street, Brooklyn.
M'Prs Branch, 198 Montague St., Br'klyn.
Furnishes Mortgages
Receives Deposits subject
Investors.
check, allowing
to
'.o
Interest.
Does
all
Trust
Company
business.
TRUSTEES:
New
John Jacob Astor,
William
Charles Matlack,
William H. Nichols,
James H. Olrphant,
Bobert Olyphant,
Matheson,
J.
Alexander E. Orr,
Charles A. Peabody,
Frederick Potter,
Charles Bichardson,
Jacob H. Schiff.
James Speyer.
Santord H Steele,
Ellis D. Williams,
Louis Windmuller.
CLARENCE H. KELSEY, President.
BAILEY, Vice-President.
Martin Joost,
John S. Kennedy,
Woodbury Langdon,
James D. lynch,
Edgar L. Marston,
.
'2d
Vice-President.
Banking Department.
WHITE &
G.
Title
$10,000,000
FRANK
EDWARD Manager
O. STANLEY,
CORPORATION
J.
a nd
r£u 8
Charles S. Brown,
Julien T. Davies,
Charles B. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. Injrraham,
Augustus D. Juilliard,
KING,'
New York and
Private Wires to
N. Y. & Philadelphia.
s*u
Edwaru T. Bedlord,
Stock Exchanges.
Co.,
BONDS.
171
Members
Ca t
Examines & guarantees Real Estate Titles.
loans money on Bond and Mortgage.
BANKERS,
HAYES & SONS,
CLEVELAND, OHIO.
New
EISELE &
Bought and Sold.
W.
in
—
Bond Sale. On
Fund purchased
Oct. 16 the Commisat 101.27 an issue of
$26,000 3^2% park-improvement bonds. This sale is on a
Denominations $1,000 and multiple.
basis of about 3.35%.
Date Oct. 16 1905. Interest April and October. Maturity
On Oct. 19 the Commissioners also purchased
Oct. 1 1915.
at the same price $30,000 33^% street-construction bonds.
These bonds are dated Oct. 19 1905 and will mature Oct. 1
Interest April 1 and October 1.
1915.
Washburn, Minn. Bond Offering. Further details are
hand relative to the offering on Nov. 1 of $40,000 5%
Proposals for these
gold coupon funding judgment bonds.
bonds will be received until 11 a. m. on that day by R. A.
at
AND
Offering.
will
—
.
Sale.— On Oct. 23 $5,000 5% 10-20year (optional) bonds were awarded to N. W. Harris & Co.
Warsaw,
Bond
be received until 12 m. Nov. 15 (to be
opened at 7:30 p. m. by the Borough Council) by the Borough of Wesl York, care of A. (.'. meat, Security Building,
York, Pa., for $10,000 4% street-improvement bonds.
Denomination $100. Date Nov. 15 1905. Interest annually at the Security, Title & Trust Co. of York.
Maturity
bonds Nos. 1 to 25, Nov. 15 1915; bonds Nos. 26 to 40, Nov.
15 1920, subject to call after Nov. 15 1915; bonds Nos. 41 to
60, Nov. 15 1925, subject to call after Nov. 15 1915, and
bonds Nos. 61 to 100 Nov. 15 1930 subject to call after Nov.
Bonds are free from State taxes. Bids are re15 1918.
quested for all or part of bonds Nos. 1 to 25 inclusive and for
all or part of bonds Nos. 26 to 100 inclusive.
Bids for ten
bonds or less must be accompanied by a certified check for
$5 per bond; for more than ten bonds certified check for
$100 required. Checks to be made payable to Jesse S.
No bonded debt at present.
Miller, Borough Treasurer.
Assessed valuation $561,742.
Wilkinson County (P. O. Woodville), Miss. Bonds Authorized.
It is stated that the Board of Supervisors has
authorized the issuance of $9,872 bridge bonds.
—
mined.
[Vol. lxxxi.
BURDICK, 3d Vice-Pres.
WttAV CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
CLINTON
J.
FRANK
L.
D.
SNIFFEN,
iHgr. Mnlrs' Branch.
York.
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Institutions
and Investors.
RANGE OF PRICES
FOR
93 YEARS.
1882— 1904.
and Electric
Fower Plants Financed, Designed and Built.
Electric Hailways, Electric Light
LONDON CORRESPONDENTS:
WHITE A
CO., Limited,
22a College Hill, Cannon St.
J. G.
For Fi»e Correspondence
for General Business Uses are
made in Ledger, Bond,
Linen and Fine Writing in variety.
and
"
standard,
s^SIk CERTIFICATES
EDerared
WHITING PAPER
New
CO.,
Philadelphia. Chicago.
Mills « Holyoke, Mass.
York.
n steel or lithographed, or
partly pilnied and partly lii.h< graphed.
for
Lithogr»Phing and
Banks. Bankers, and others. Automatic
presses used. Estimates iurnished.
<
PKINT1>G
ALBERT
B.
KING &
CO.,
206 Broadway, N.Y.
OCR ANNUAL
THE FINANCIAL
REYIEW
Gives a monthly range of Stock and Bond Prices
for five years. We can supply
1887 issue which gives 1882-1886
"
"
"
1887-1891
1892
'«
"
"
1891-1895
1896
'«
"
"
1896-1900
1901
"
"
"
1900-1904
1905
PRICE $2 PER COPY,
00 a copy
Some earlier issues may be had at
&
WM.
DANA COMPANY,
B.
76* PINE
ST.,
NEW YORK.
@FedFRASER