The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
1
n
1
1
1
INCLUDING
and City Section (semi- Annually)
Street Railway Section {^''TeJiT^)
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of Consrress, in the year 1904. by William B.
VOL.
State
Daka Compaxy,
SATURDAY, OCTOBER
79.
in the ortice of Libcarian of
1904
29,
NO.
I*
^Ixe (inxrouicle*
Consresa, Washington, D. U.
Clearings at
2053.
eek endiruj October 22
hic. or
1903.
1901.
1902.
Dec
PUBLISHED WEEKLY.
Terms
ot Subscription
— Payable
iu
Adyance
$10 00
6 00
13 00
7 50
For One Year
For Six ilonths
European Subscription (including postage)
Euro;jean Subscription Six Months (including postage)
Annual Subscription in London (including postage)
SIX Months Subscription in London (including postage)
£2
£1
148.
lis.
—
Subscription includes lolloiving Sections
State and City (semi annualiy)
Bank and Quotation (monthly)
Railway AND Indlsthial (quarterly) Stkket Kailway (3 times yearly)
—72
134.623.855
9.617.700
2,503.610
1,652,901
1.672,449
1,707,630
SpriUKfleld
Worcester
Portland
Fall River
Lowell
New Bedford
l,37,s.01t2
+14-6
+21-3
l,530,44y
1,6'27.019
+36 2
1,447007 +33
9 S,5HG
535.353
080,201
450. 5H
047,607
535,05y
547,711
1
470.54-.i
New England
—1-4
2,297,251
l.y3;s,9o3
Holyoke
Total
+141
237
11.423,900
2,524,207
14.5,1.';9
—
New Haven-
I
127,109.585
11,582.600
2,721,nyo
1.893.1)79
Boston
Providence
Hartford
149,870.J9J|
ia5,2.'?8,54'
185 537,805
23,095,500
536.820
1,504.817
1,172.302
494.318
— 2y-5
—001
-20
1.425 694
1.058.880
1.310.477
1,091.301
729.575
650.342
350,969
0-23,143
5
155,612 191
152,276,832
—02
163,984,486
20.025,600
161.705.233
17.324,900
12.752,425
12.106,0KJ
6,536.787
;^
+4-4
,
168,550,040
1
133.100,966
8.648,000
2,143,681
1.225.289
+12
321.626
|
Terms
Chtcago
Advertising'— Per Inch Space
ot
Transient matter per inch
(
ct„«.n^™ Business Cards
Standing -D^.i^o-o n^-rA^
)
-i
(
Cincinnati
(14 agate lines)
(8 times)
(13 times)
^^^ Months
(20 times)
Twelve Months (52 times)
$4 20
.'^pace
Two Months
22 553,900
Cleveland
13,570,793
10,812,900
8.324,593
6.200.634
4.383,200
Detroit
22 00
29 00
Milwaukee
00
87 00
Three Months
Columbus
f.O
CHICAGO OFFICE— Pliny Bartlett, 513 Monadnock Block.
LONDOK OFFICE—Bdwards & Smith, 1 Drapers' Gardens, E.
Indianapolis
Toledo
\V1L.L.IA3I B. DANA COMPANY, PablisUers,
Pine Street, Corner oi Pearl Street,
Post Office Box 9^8.
NEW VORK.
Evansville
Akron
Springtleld,
III
Youngstown
Kalamazoo
Lexington
Canton
Rockford
Springtleld.
CLEARING HOUSE RETURNS.
O
Bloomlngton
Quincy
Decatur
,
The following table, made up by telegraph, etc., indicates Mansfield
.lacksonville
that the total bank clearings of all the clearing houses of the Jackson
United States for the week ending to-day, Oct. 29, have Ann Arbor
Total Mid. Western
been $2,788,428,549, against 12,837,735,613 last week and
San Francisco
11,941,301,983 the corresponding week last year.
Los Angeles
Cltarings—litturns uy Jeleqraplu
Wuk Endiiuj Cctober 29.
New
1904.
York-
Sl,b01,870,951
112,790,075
101,854,435
19,251,467
147,177,674
50,129,883
16,900,678
PhOadelptaia..
Baltimore
Chlcaeo
St. I.ioai3
OrleauB..
Seren cities, 5 days.
Other cities, 5 days
Total
all cities,
All cities,
Total
The
5 days.
P. Cent.
*1,325.208,831
291,978,7t»
+16-4
+17-6
80.640,450
17,036,036
146,806 580
42,123 019
15,629,924
4-13-0
+0-3
+19-0
+81
+54-7
+4-8
43.3,971,624
*1 ,6 17. 187 599
324.014,384
+45-5
+34-2
«a,78S,428,519
*1, 94 1,80 1983
+43-6
Iday
all cities
Kansas City
,
Minneapolis
Omaha
Paul
Joseph
Denver
Des Moines
St.
St.
,
,
,
,
Topeka
Davenport
Cedar Rapids
be in
all
cases estimated, as
we go
to press Friday night.
We present below our usual detailed figures for the previous
418..573
Fremont
,
Total other
West'm
317660
28,887.030
5.768.1)23
564,
078,
317,
4.847.7»3
2,980.119
8.704.874
2.440.999
2.135.844
599.682
752,670
307.054
W
—
cth endir4 Oct-ober 22
CltarinQ$ at
1904.
1903.
Inc.
(ji
1902.
Dec.
IDUl.
1.888,097.074 1,136 23.-),218
187,1H7,031
109.170.95'
48,124.«3-<;
40,404,3M
Philadelphia
PiUaburgh
Halt] more
24,81,0..'".
UotTalo
6.6H2 78S
4,479.204
4.287.7Kt
3.1M7.327
Wasliingion
Albany
llochester
.
Scranion
Syracuse
1 2-9 406
1.100740
WUmiiiKton
Wl'ke" Barre
H7 8 35;
Wlice.Ing
837.714
442 UK)
402.150
Blniih.-imton
6,707,2'il
3,669.801
8.737.3;^2358. .592
1,862 341
1,127,011
1.102 163
1,051.903
74'.'.9,;o
Krie
Pa
1
.
.
4,39.7711
1
Of*
2:W.92H
..,].
Total Middle.
407.000
44 4.263
403.^73
500,
Cb«)ter
BeadlDg
24.173.950
480,l.'i3
Oroensour^f.
(Vanillin.
16
2,
1
037 010
I97.42ii
N'ot liiflurt. d
19.885,091 1.340 368,203
m
— 1-3
+22-1
|l4-7
+35-2
-0-5
+ 144
-03
-10
1.607.249,121 1.29S OHO, .364
11 9.305.1 '.'4
112,792,432
45.1i)W. 4-.il
311.701.400
23,6l2.r,l2
0..-)U3,0i.e
&,«00,020
3.078,362
2.245.188
3.140.447
3,6^3.13
1.9^.S.671
2,IS9,M29
1 321.491
1, 314.77 !i
1,-.J1I6.K13
1,132,132
23,594,015
22,137,413
8,182,211
7,038,520
4,186,078
6.574,754
l,2X.-),-292
061»„32<:
7.52.10:
-^4M
-i-«-5
+ 1.3-7
8.'>7.l(i0
D0I.8I4
332,807
+ 12-,s
+80
7B6 53
OW) 051)
863,301)
4
1.23J..H90
3',7..S51
251.147
li.
f.
+58
2 1,817,9^9.870 l.490.46<S.T63
+3-5
26,191.23'
15-2
++6-4
4,877,069
4,930.331
+23-7
3.841,41
4 013.457
2,054„S<>>
2,095,421
-J-22-
+185
-(-35-b
-5-8
4. -2:18.507
3.139,130
1,399,:J51
1,-271,250
26.684,582
17,-294,3.S2
+28
23.344,040
19,616,413
21,290,051
18 ;j57 .203
+0-0:
7,070.711
7. 45;. 035
7,161.236
4.867,622
5,138.756
1,907,511
8.180,213
4.395.609
4,795,93.S
2.275,-248
1,305 79
1,051.280
1,009,460
695,470
335 10
145.374
696.4.52
+50
—48
6,701, 7 IM
+16
800,360
5,900,251
4,739.776
5.122,398
1.553.098
1 627.526
1,345.219
901.237
090.001)
514.6.59
178 341
443 303
800.000
153.191
74,471.664
09.686.881
48,392,911
14014.47'9.102.391
9,205,792
4,738,50(
4,044,822
4,273,517
5.232.952
41.5-21.500
2
-7-6
—1
1,644,1-20
1,537,94:
—36-6
—2a-4
+18-4
+12-0
+ 27-3
-00
14-9
33-9
12-1
5,i)43.,S,>.|
--1S-;
3.4;i5,lij(
tal.
--12-3
--12
2,4:i2,0K
1,933,230
l,OhO.I5»
I,139,8;9
1,705.421
2.:<o7,o().')
1,133,«07
1,410.100
1,131,000
3.-2:;3,090
1.643,605
--10-(
1.0''4,9Nl
--48 9
-
LfjODOS.)
-35-1)
l.-.3l).20
—29-8
(>.S9,94><
Not
InrliKli
145,800,321 ~12(V2,iir8H
2.837.735,613 2.015,35!).;. 10
9o4,638,539
879, 1-24.332
24.497,232
19.27;i.022
25.521 IDI!
10,541 .141
0,.H78.1i5<l
(l.O.-il 7) '2
l,9)iM.lti7
1.7911 ,5411
2,407,014
2..')0:!, ,210
I.<;4I,464
l,330.'-22
2.1)17 (11)3
l.OH), 5<14
1,170, 2.S1)
1,II0.0S7
l.l.'-)7, l),5:i
13.361,3H2
8,321,017
6.913,901
5,065 000
3,730.768
6.112,193
3.634.565
3,286, 1:H
1,586,237
1,460 507
1,034.930
914.36:1
911357
507.617
2.; 05,21
—5-1
1.910,091
114
876,514
l.l'iS.COO
l,697,b'(>6
1, '294.
-t-17-7
+24-8
-29
709 40,'- +•24 3
res not ava luDl
York.
3,103.023
3,631.611
4:^,633,505
5,2^16,791
..
25,4.58,706
49.380.029
3,074.100
ColmnbUB, Qa
ToiHl Southern
230.578.861
-11-6
9,2.^9 611)
5.1)32.501
650,00
lint
410,534
296.084
+ 13-9
869,513
a1.
+ 15-5
+ 40 S
6:^7 201
100,631,081
2 4.53.601,222
,087.479.568
+8-6
846,61 1,798
789,399.192
,092,092
10.4W.041
903
11.3l)1..s,',0
115
Canada—
^Montreal
'Toronto
Winni|)Cg
Halifax
Ottawa
Ouebec
\
ancoiiver
Hanillt< n
.lohn
1,704 924
Londi.n
lal.
241,014.91?
60,000
165,163
188.481
74.803
607,910
500 000
263,916
49.900.147
17,323.845
9,031.474
BeHunjoni
Jacksonville
St.
+2 10
+ 1—0-9
+48-0
+57-1
+16-6
Not Include d in tu
+2-0
77,703,893
75,734.312
Chatlanooga
New
-32-'
—6-'
281.203
226,402
251,830
244.44b
Augu.stH
Little Kock.
Charleston
Miicon
Outside
—14
— 15-4
360.31
— 9-K
773.308
1,029.578
526,485
169,559
494,018
Louisville.
all
294,577
280.H64
251.691
172,929
181,590
145.000
92.762
378 «43
430,490
356,149
+3'
+9-3
2,101,98;
1,342 619
1,046,771
Louis
New Orleans
Total
3-26,129
—28
3.350,000
2.259.559
2.050.292
1.332,698
1.169,024
857,974
592,500
511.768
417,955
52,484,9/8
.
New York
—16-5
-1-2
+0-0
4.'<il9,572
429.812
llirmingham
Knoxville
per cent.
— 10-6
270,855,832
Houston
week, covering tlie returns for the period ending with Satur- 'Jaiveston
Richmond.
day noon, Oct. 22, and the results for the corresponding Savannah
week in 1903, 1902 and 1901 are also given. Contrasted with .Mcmplils
Atlanta
the week of 1903 the total for the whole country shows a gain Nashville
Norfolk
of 40-8 per cent.
Outside of New York the increase over 1903 Fort Worth
Is 8 "6
677,u00
626,442
636.584
547 824
521.394
444,676
461.365
—31-1
140.000
100.000
St.
Wichita
Colorado Springs
1,004,000
1.584,040
991.1""
—30
+20b
57,305,
Fargo
Sioux Falls
Total Pacific
week covered by the above will be
given next Satiuday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
full details for the
-2-8
-21-
3.006,66'
—170
651,714
547.009
538,399
478.469
871.704
385,659
.900
Sioux City
for week.
-25-0
650,251)
.618,
.892.
,
+0-9
—8-0
73-4,000
087,
Helena
1
+10-1
+8-3
227,895
313.024
150,000
98.353
,904,
,642,
159,
Seattle
Salt Lake City
Portland.
+740 Tacoma
96.863,i;24
*2,352,456,y25
,
8,880.861
7.520.885
5,783,546
4.334,650
3.108,495
-3-2
807,306
210.7i
14,518,'240
-I-7-2
+13
4,346.100
3,406 997
3,051.791
1.754.0S3
1.857,534
1,353,404
268,364,995
,
Spokane
»920.109,768
i2,049.975,l63
302,481,762
Boston
New
1903.
5,480,19)
3,359.735
1,899,870
1,520.465
1,313,699
5*0,500
764,832
509,429
785,600
489,310
449,701
472,738
373,917
374,955
288,831
272,268
192,613
Grand Rapids
Dayton
C.
-2-3
-12-
10,089,08
8,600.722
3,189,-^3-2
Peoria
15,54'2,353
.SS7.
Victoria
747.44.-t
Total Caoada
1
1
62,4&2,IM2|
.
M2 2t>061, 2i:i
eu.64h 5^0|
+ 10
+3
+9
—
-19
+
+ 13
1
-4
+9
+ 12
+30
0.\3
,396.1)11
3,;t05.79«
.l.St
1,603.931
1,076,703
1.377,6W1
1.107.199
7.'<)1
,402,901
,691.584
308.035
U4.S.334
(KI7.064
7V)5,913
.6751.187
661.301
535 4H0
ff78 ,61»
60.7Tri^o3
89,e!i6^aM
—
THE CHRONICLE.
1920
THE HAIL ]VAYANn INDUSTRIAL SECTION.
The
quarterly
trial
Section
scribers.
It
number
is
of our
is
sent to
our sub-
all
contains (Mlitorial articles on the lollowin;^
topics
GIANT LOCOMOTIVES AT THE WORLD'S FAIR.
BLOCK SIGNALS ON AMERICAN RAILROADS.
HOW RAILROADS SHOULD GROW IN USEFULNESS.
THE FINANCIAL SITUATION.
Two
events of considerable moment, but in dilierent
have made the past week conspicuous. One,
which has created no little anxiety because of its international purport, was the act of the Russian Baltic fleet
in firing on the Hull fishing vessels, killing some of the
ways,
fishermen while wounding others, and, as believed, sink-
ing one or more of the trawlers.
Government and people
Very reasonably
of Great Britain were
Even
at this vicious or blundering act.
only a
if
the
incensed
blun-
was such a heedless transaction and followed by
such eff"ects on life and property that it can hardly be
anywhere regarded other than criminal. Moreover, since
as it was also in character strictly along the lines of
recent hostile-like treatment of British merchant vessels
which Russia has several times exhibited, it had the air
of an international aff"ront, and was quite naturally and
generally so interpreted by the English people.
Under
der, it
these circumstances the situation wore the appearance of
a highly grave and
Russia at
strained state of affairs.
comprehend the grievonsness of the
misadventure. Later, though, she has seemed to be
making amends for her slowness and to be getting a more
correct grasp of the situation into which it has put her.
We cannot imagine that the emergency will not be fairly
met and amicably settled Indeed, with the acceptance
of the proposal (as announced yesterday) to refer the
first
did not appear to
matter
to
a court of inquiry,
that
point would
cuse
the
proved,
nerve
such
certainly
sponsible
to
doing
for
has
The
him
for
if
lack
and
of
parts of the city close to
Discussion
honor of
wrong thing
in
moment
was an
who is entitled
Not to go back
achievement.
now nearing
oomjiletion.
We
to this city.
to
have in mind
given to the public
Subway
145th Street and the ceremonies on
Of
Thursday accompanying the occasion.
now
is
only the
the Commissioners' plan, which plan in
first
its
it
strikes
to the
of the
us that
it
in
the work.
through which
;
—
city.
a
industrial
the opening to travel of the great Rapid Transit
is
Street.
to
The nervousness growing out
other event referred to above
from the City Hall
as
Omit any one of the chief actors
scheme liajj' reached its perfection,
the
and we would have failed in securing it. In what condition would the road be to-day had it not been for the
Commission which the venerable Mr. Orr heads ? Think
back to the chaos in which all efforts to improve city
travel were floundering before that body existed.
After
persistent struggling the outlines of the system were
settled and bids advertised for.
At this point the able
and sagacious contractor. Mr. McDonald, had the foresight
and confidence to undertake the construction at what at
the time seemed to us venturesome figures.
We feared
failure; but in spite of the unforeseen and severe trials
from labor and accidents and the like, he has given the
public this week a structure beautifully finished even beyond anticipation. We scarcely need to speak of the position Mr, Belmont has filled.
It is proper to say, though,
that he took hold of the undertaking when it had been rejected by other large capitalists indeed, he had no rival,
and yet not even a beginning in the work could have
been made unless a house of wide reputation and large
resources had stood sponsor to the scheme. It is common
enough now-a-days to speak in a flippant, swaggering way
of the part done by the capitalists who stand under our
great enterprises.
Yet they are the very heart and life
We hardly need to mention the
of industrial progress.
engineer, Mr, Parsons, who ias proved by his industry
knowledge, taste and judgment that he was the needed
man in the most essential position the structure will be
Finally,
his enduring monument and speaks for him.
taking as a whole these varied factors and the work each
has accomplished, do they not, one and all, reflect back
most commendably to the Commission, evidencing the
intelligence and faithfulness the general management has
had from first to last, which has produced in such excellent form what was so essential for the further progress
parts
of
aifair of large
Wall
arisen
would not be far fr(nn fair if the credit were pretty evenly
divided between all those who have held the leading
conspicuous way.
The
has
this latest
enterprise
and reseem to have of the
high
so
officials
the
ex-
even
offered,
recklessness
unfit
doubt on
for
removed.
be
Russian
a position.
capacity
to
cause
all
command
in
officer
discloses
as
infinite
appear
bridging distances so effectually as to bring the remotest
RAILWAY AND Indus-
issued to-diiy, and
[Vol. lxxix.
course what
instalment of
the
through
Russian Baltic
its
action
of the possible
incident
fleet
has
—
outcome
indirectly
on European money markets and
Japanese war
Great Britain and possibly to
directly by reason of the fear felt that the
might thus be extended
other European nations
to
— caused a
backset to our stock
market and led to renewed depression in cotton and to a
Obviously wheat values would
bullish market in wheat.
highly sensitive
completed and be
to fears of
any such extension of the
Our short crop of that serial leaves a very small surcommunication with war.
an enlargement of the foreign demand
plus for Europe
all parts of Greater New York but quick and easy access
which the extension of hostilities would undoubtedly proto its suburbs also.
Methods of locomotion in this city
At
values.
progressed by stages, each stage in progress being duce could not fail to be reflected in higher
have
the same time cotton would necessarily tend in the oppoforced into being by increase in population.
In that parsite direction, because the same influence would serve to
ticular the evolution is at one with
finished state will include not only
;
all
try.
after
The West began with
many
successive
parts of the coun-
the corduroy road, while now,
substitutes,
it
rejoices
in
its
lessen the
It is
demand by European
spinners for that staple.
proper to say that other forces also aff'ected cotton
extensive killing
sumptuous flyers. Our city has passed up from the cum- values, one of which was the rumor of an
frost on Tuesday, and the denial of the report of damage,
bersome omnibus through the rude and baneful horsein limited areas, the following day, Wednesday;
car period, the primitive cable, the adoption of electricity except
that were large receipts and larger estimates of
by the elevated roads, to real rapid transit, free from the added to
he crop, which acted as factors in the depression.
severities of weather and other like interruptions, and
Oct.
THE CHRONICLE.
29. 1904.]
the disturbance in
But
European financial centres and
1921
Paris on Thursday, and on the last-named day $2,030,322 more was secured for export to-day (Saturday), also
to
consequently in New
of the Eussian misadventure. To be sure, it was largely of to Paris.
that character on two days of the week, for then an
The return of the United States Steel Corporation for
extension of the Japanese war to Great Britain at least
the September quarter, issued the present week, does not
Financial centres, though, had
seemed to be imminent.
quite come up to expectations in one rebefore the Eussian Hull incident by seem to have
York has not been wholly the result
been affected even
week, wliich have this week been confirmed, that arrangements had been concluded for the
flotation of a new Eussian loan of $270,000,00(>, the
rumors
afloat last
portion of which, amounting to 170,000,000, will, it
stated, be issued in January, half of that portion
first
is
being reserved for
Germany and
the remainder
Belgium and Holland,
the pendency of negotiations for
placed in France,
appear that
was
chief
the
reason
the
for
effort
It
being
would
loan
this
week
last
French and the German banks to accumugold, a most likely act in advance of the announcelate
ment of the completion of the arrangements for tlie
of the
If that loan shall prove to have been the im-
emission.
pelling motive for such accumulations,
that until the requisite
there
Avill
it
seems probable
London
has been
disappointing by
called
some on the Stock Exchange. In view of the reports
of a much more encouraging state of the iron and steel
trades which have been current the last four or five
weeks, a larger aggregate of unfilled orders seems to
have been looked for than that actually recorded. The
total of such orders on hand September 30 1904 is given
as 3,027,436 tons, which is slightly less than the corresponding aggregate for June 30 1904, when the total was
3,192,277 tons, and compares with 4,136,961 tons March
31 1904 and 5,410,719 tons March 31 1903. On their
face these figures would appear to belie the reports of an
improved condition of the iron and steel industry. But
obviously mere comparisons like these are apt to be mis-
amount of gold has been secured leading unless the attendant circumstances
be more or less monetary tension abroad, ac-
companied by a high price for gold at London. Such
tension would of course directly affect our exchange
market and possibly cause the export from time to time
It may be noted that
of more or less gold to Europe.
not only gold bars but American gold coins are held
in
gard, and therefore
at high prices
—
the former being
still
quoted
are taken into consideration.
In
first
in each case
place the
given are of date September 30 1904, and
ures
the most decided
change
is
of October) that
has developed in
is
not merely our
confirmed by the remarks of one of the
the Steel Corporation,
is
month
This
the state of the trade.
fig-
it
for the better
since then (or during the current
but
the
who
is
own
view,
officials
of
quoted as saying that since
and the latter having been advanced on the close of the quarter business had actually very much
improved. The Corporation, he stated, was now booking
Thursday to 76 shillings 8 pence per ounce.
for accepting the war scare on new orders at the rate of 26,000 tons a day, an increase
There is every reason
account of the North Sea incident even though it was over the same month last year of 30 per cent.
In the second place it should be remembered that
not the only influence affecting the financial markets
abroad and at home— as the immediate cause for the ex- special circumstances often have much to do with the
at 78 shillings
—
treme feverishness which was the feature of the week.
It
was
first
securities
evident in
the lower
values for Eussian
on the Continental bourses and of consols
in
The discount markets were only slightly influenced Tuesday, and by Wednesday morning more
London.
ne.arly
money,
normal conditions were restored
it
then appearing likely
be speedily closed.
and
that the incident would
for securities
amount of unfilled orders on hand at any given date*
The orders may be very large because business is accumulating very much faster than the company is able to
take care of it the company getting further and further
behind with each succeeding day. That was the situation
during 1902 and the first part of 1903. No such state of
things exists at the present time and therefore it is noth.
—
In the afternoon of that day, how- ing
over, the publication of the details of the British
demand
less
than absurd to compare the 3,000,000 total of
unfilled orders
now with
the total of 5,000,000 tons re-
upon Eussia, accompanied by the statement that if response were not promptly made the Government would
take measures to effectively act, tended to aggravate the
situation, and Thursday morning the securities markets
at London and on the Continent were greatly excited.
Later on that day and yesterday, as stated above, it was
ported eighteen months or two years
believed that a peaceful settlement would be reached.
sudden accession of new business
represents
orders, the
covered old orders
able to
fill,
and
other in
ago.
The one
considerable part
which the company had not been
therefore
reflected
abnormal
condi
tions.
Then again
quarter.
The
new
the orders might be
That
is
precisely
large because of the
at
what happened
the
close of the
at the
end of the
and Berlin has been March quarter the present year. At that time there was
was shown by the low an extraordinarily quick revival in the trade, hardly less
rates for exchange at these centres on London, the Paris noteworthy than had been the previous decline in the Derate declining to 25 francs 10 centimes on Monday, while cember quarter.
The "Iron Age's" monthly figures of
tin; Berlin rate fell to 20 marks 34| pfennings and on the
in
that
pig iron production reveal
situation
the
following day to 20 marks 34 pfennings; subsequently respect
very
From 1,553,717 tons in
clearly.
there was a recovery in the former of one centime and in September 1903 the output of iron declined month by
the latter of J pfenning. With the object of encouraging month until in December it wns only 846,605 tons.
gold imports from New York, the Berlin and French banks January saw but little improvement, the make of iron
offered the inducement of interest on the metal in transit that month being 921,231 tons.
Then the change for
in(|uiry for
gold at Paris
quite urgent during the week, as
annum for ten days, which the better began, and the output increased to 1.205,449
was equivalent to a premium upon the gold sufficient in tons in February, to 1,447,065 tons in March and to
anumnt to afl"ord a profit to New York shippers on direct 1,557,267 tons in April. In other words, the country
at the rate of l^ per cent per
exports to Paris and Beriin.
One consignment
of
J?!,-
253,054 gold bars was engaged on Tuesday for shipment
was
fast getting
vious year.
It
up to the maximum figures of the prewas this sudden rush of business that
THE CHRONICLE.
1922
made
the unfilled
March 31
orders
now
larger than they
arc, six
tons
last a luillion
months
New York Associated
the
of $3,535,800 in cash
later.
was too pionouneed
Hut tills
In May the output of iron was almost as large
to last.
The very next month
as in April, bein<i- 1 ,r».S;i,;{r)0 tons.
in July there was a
it dropped to 1.2()2,();{() tons, and
further decline to l,10r),207 tons. The amount remained
sudden
[Vol.
Iturst of activity
the result of which
lianks last week was an increase
and of $0,559,000
in the
gain
requirements were augmented
this
week should
reflect,
in deposits as
latter item the reserve
$1,639,750, making the
increase in surplus res(;rve $1,896,050.
ment of
lxxu.
The bank
state
among other movements,
the withdrawal of $1,253,054 gold on "Wednesday and of
the make being 1,167,072 tons; but $2,030,322 on Friday, the former for shipment to I'aris
September revealed a moderate and conservative increase, on Thursday and the. latter for export on Saturday to the
These ligures same destination. Also the transfer of $2(»().()00 through
the i)roduction being l,.")."il*,(»77 tons.
fact that the
establish the
September (juarter dif- the Treasury to Chicago and of $170,000 to New Orleans,
fered very essentially from all the ])receding (|uar- and the transfer hither from San Francisco of $876,000.
ters.
The improvement in that quarter caiue slowly, It is exjjected that $500,000 Japanese gold will arrive at
small in August,
now extended
developing gradually, and has
December
quarter,
still
hand the improvement
into the
On
gaining strength.
^March quarter arose
in the
— Saturdav.
the other
that citv
todav
.Money on
all at
call.
repres«'nting bank(;rs* balances, loaned
having on the Stock Exchange during the week at 2^ per cent,
no sustaining force. Therefore the conclusion must be and at 1^ per cent, averaging about 2J per cent. Banks
that the untilled orders September 30 represent A'irtually and trust companies loans were at from 2 to 2^ per cent.
once, only to peter out again shortly afterwards,
new
business that
came
in the ordinary,
it
normal
Avay,
while the orders on the books the previous IMarch
in-
cluded a large amount of business given on the impulse
of the
leave
moment and which came
to the reader
it
in a temporary rush.
gives most promise as to the future.
As
and
at
1^
and on Tuesday loans were at 2 per cent
i)er
cent, with the bulk of the business at 2 per
On Wednesday,
cent.
^Vv continued gold
of these conditions
say Avhich
to
On Monday
exjjorts
influenced
by the prospect of
and by the unsettled security
market, transactions were at 2^ per cent and at 2 per
On Thursday
cent, with the majority at 2^ per cent.
\
showing of income for the September loans were at 2^ per cent and at 1| per cent, with the
Cur- bulk of the business at 2^ per cent.
On Friday transit fully meets expectations.
rent belief had been that net earnings for the three actions were at 2^ per cent and at 2 per cent, with the
months would be $19,000,()()0; the actual result is $18,- majority at 2^ per cent. Time contracts on good mixed
far as the
quarter
is
concerned,
—not
In the June Stock Exchange collateral were more firmly held than
a very great difference.
amount had been $19,490,725; in the ]\[arch hitherto and rates for over-the-year maturities were
quarter only $13,445,232.
Comparing the September advanced after the middle of the week. For 60 days the
quarter with the January quarter (which last was the poor- rate was nominally 3 per cent, though no business was
est quarter in the company's history) there is an improve- reported.
For ninety days to four months the quotation
ment in the net, as will be seen, of 5 1-3 million dollars. was3^'S;3i per cent, and for five to six months 35®4 per
This
is
really
a
better
outcome
than one cent. Commercial paper was 4^4^ per cent for sixty to
773,932
quarter the
might
the
have
expected,
Age"
"'Iron
the
seeing
output
that
of
iron
according
country in the September quarter was but
than
it
had been
in the
March
quarter; the
to
the whole
in
little
larger
to the
represents
June
The
months
at the
Yet, as
Steel
Corporation's
net
last figures
lies in
com])etition
more than held its own.
But, after all, the most important fact is that in a
riod of poor business the company is fully earning
pe-
dividends on the preferred stock, with a small surplus
left
the Steel Corporation
For the September
requirement
six
significance of these
the
September quarter
756,000 tons.
the fact that they show that in the general
over.
per cent for good four to
quarter, being $18,773,932, against $19,-
3,626,646 tons for the
a falling off of over
earnings for the September quarter were almost as large
490,725.
5J'</;6
single names.
The Bank of England minimum rate of discount remains unchanged at 3 per cent. The cable reports discounts of sixty to ninety day bank bills in London 2J®3 per
The open market rate at Paris is 2| per cent, and
cent.
at Berlin and Frankfort it is 4J'rt 4^ per cent. According to
our special cable from London, the Bank of England lost
£232,889 bullion during the week and held £36,620,226
has already been shown,
as for the
prime and
comparison
being 3,626,640 tons, against 3,573,745 tons.
In the
June quarter the production was 4,382,647 tons, from
which
ninety day endorsed bills receivable, 4'S)4^ per cent for
for the
(luarter the surplus
dividend
after contributions of
is
$1,312,988
its
Our correspondent further
was due to expoi*ts of £327,500
advises us that the loss
(of which £110,500 to Argentine, £100,000 to Egypt,
£85,000 to Germany. £20,000 to (^.uayaquil and £12,000
to
close of the
Aveek.
lUn-muda). and to receipts of £94.011 net from the in-
terior of (Jreat I>ritain.
above the
—
this, too,
$1,430,383 to the sinking funds
The
this
foreign
exchange nuirket has been quite strong
last week, by an
week, inliuenced. as was the case
and $3,8(K),31 7 to the depreciation and reserve funds. urgent demand for remittance to cover maturing obligaFor the nine months there is a surplus above the divi- tions and to pay for stocks sold for European account,
dends in amount of $2,392,30(J, after contributions of and also by a scarcity of bankers' bills. The supply of
$8,655,733 to the depreciation and reserve funds and commercial drafts has since the opening of the cotton
export season been chiefly confined to those drawn against
$4,151,650 to the sinking fund.
this staple, there being very few grain or other commodThere was no change in official rates of discounts by ity bills, and only a moderate amount resulting from
any of the European banks this week; compared with exports of manufactures. The finance bills which were
week
open market rates were at London negotiated at intervals prior to the beginning of this
^ of 1 per cent higher, whih' at Paris, Berlin and Frank- month were taken up as they matured, their renewal
fort they were steady.
The feature of the statement of being not considered advantageous, and when discounts
last
unofficial or
\
:
.
.
THE CHRONICLE.
Oct. 29, 1904.]
1923
payment, 4 83^'a;4 84^. Cotton for payment, 4 83^®4 83i; cotton for acceptance, 4 8375'a:
for payment, 4 84f ®4 84^.
tiation of their cotton bills, employing these funds and 4 8390, and grain
The following shows daily posted rates for exchange by
better rates than could be
credits for fixed periods at
Consequently bank- some of the leading drawers.
obtained in the J^ew York market.
DAILY POSTED BATES FOE FOKEIGN EXCHANGE.
hare gradually diminished in volume
drafts
ers'
abroad grew firmer, bankers transferred their balances
and accumulated the credits resulting from the nego-
and when
documents
for
urgency developed, as was the case
special
week, and since Monday, the market became quite
As the demand for remittance increased
bare of bills.
fhi.,
MON..
TUBR.,
VF«D..
Thdr.,
Oct. ai
Oct. 86.
Oct. 26.
Oct. 26.
Oct. a7.
FBL.
Oct.
i:8.
last
as the result of the political tension caused
by the Xorth
European bankers
it
not been for the desire of
accumulate the metal in anticipa-
to
of the
tion of the emission of $70,000,000
60 days
Brothers
8««
Sight..
J
4 84>»
4b7
60 days
J
4
J
84«
new Eussian
84^
84i<
85
65
87
87
87
87«
8T«
87X
87«
84«
85
87«
84«
84«
81«
87
87
87
4 81
\
Bank of
8B
87
4 87
Sight
(60 day*
(SlRht
Montreal
Canadian Bank < 60 days
of Commerce.. < Sight
Heldelbach.Iok- 1 eo dayt
elhelmer & Co. \ Sight
(60 days
Laiard
( Sight
Freres
Uerohants' Bk. (60 days
of Canada
) Sight
No. America..
84!^
b7
84«
87
84H
4 86^
Maizonn & Co. SUht
4 84^
Bank British
< 60 days
Baring,
(
Sea incident, and also of the liberal selling of securities
for European account, the market rose more or less
It seems
sharply, making necessary the export of gold.
probable, however, that had
Brown
84^
84«
8414
86^6
86^
4 86
86
87
l^«
84H
67
84^
87
1:7
4
84«
84H
4 87
b7
8*
8flW
4 8«
84
87
«
87«
8S
87 «
87
87
87
86
87H
86«
4
!*7
e4«
87
85
84i<
4 84V<
4 87
67
84«
H4^
4 84
b7«
85
!-4«
87^
H7
loan for 1270,000,000, gold exports might have been de-
The consignment of $1,253,054 44 which went
forward on Thursday was engaged on Tuesday, when
ferred.
rates
to
sible
were
exchange
for
admit
export
the
of
not
sufficiently
a
at
profit;
The following
movements of money
Xew York banks.
gives the Aveek's
and from the interior bv the
to
high
the
pos-
Week tndinQ
Received bv
Oct. 28, 1904.
Na Interior
S/itj>ped by
N. T. Banks. S. r. Banks,
the shippers was, however, reimbursed by
to
loss
the allowance of interest
transit, indicating that the
in
was such that he was
consignee's need for the gold
pay a premium
ing practically to
Total gold and legal tenders.
The
With
Mon&ment.
|5M22,oaO
»8,903,000
Qold
will-
for the metal.
«7,797,000
1,116,000
Currency..
»6.«11.000
Gain.
Gain.
78^.000
1,0; 5,000
1
317,000
Gain. »2,292 000
Sub-Treasury operations the result
the
is
as
two consignments of $1,017,503 38 and of $1,012,819 14 follows
forwarded on Saturday (to-day) are understood to have
been shipped under similar conditions, though rates
Week ending
for
exchange on the day of engagement seemed to show
of the allowance of interest
Banks.
Ban kg interior movement as above
transit.
of
total
worthy,
The
above-mentioned
$3,283,376 96
as
indicating
for
the
exports
week.
the
It
make
is
|8,9f 3,000
liberal,
normal gold-import point would soon be
Owing to the advance in the price of the metal
reached.
in
London
points both
the gold
for
have been reduced, as was stated
last
import and export
week, so that now
gold shipments are profitable, though
less
in this interval of
than a month sight exchange has advanced only one
cent and a-quartcr per pound sterling.
Gold received at
Custom-House during the week, $43,488.
Nominal quotations for sterling exchange are 4 84^®
4 85 for sixty day and 4 87®4 87^ for sight.
The
market was moderately active and strong on Saturday
of last week, though, compared with the previous day,
there was no change in actual rates, except in cables,
which were 5 points higher at 4 8635'2;4 8640; long was
4 837o®4 8385 and short 4 86'S4 8605.
On Monday
long rose 15 points to 4 8390'2)4 84, short 35 points to
4 86.35'fl.4 8640 and cables 40 points to 4 8675® 4 8685;
the market was active and quite strong.
On Tuesday it
was less excited, and while long was unchanged short
was 10 points higher, at 4 SMO'aA 8650; but cables were
the
5 points lower at 4
8670®4
8(580.
On
t2,vi«2.000
Loss
2,000.000
t31,711.00U
Gain.
129^.000
bullion in
the principal
October 27, l»04.
Bank
October 29, 1903.
of
Gold.
Silver.
Total.
Oold.
Silver.
£
should continue
the
Gala
«S2.003,uO0
.
»«,611,000
26.1O'i.O0O
The following table indicates the amount of
European banks.
note-
market conditions, that on September 30, when sight exchange sold at 4 8550, there were reasonable expectations that, if the off"erings of cotton bills
Total gold and legal tenders.
a
rapidity of the reversal in
Hank Holding,
2.S.100,000
a profit independently
in
Net Ohange 4n
Out of
Banks
Into
Oct. 88, 1904.
&
£
£
£
10«.364,10«
£
8S .4 13,770
86,680,2 2e
38,4!.S.770
....
44,00O,5n 148.384,626
1-6,711,374
44,180,68
4,v;66.000
^8,6 8<>00
11,8 8,000
4,978,000
7
6,799.1 »0
3»,e20,226
Sngland».
France. ..
7o'ol.
....
1408V4.057
Germany.
82,71R,000
BuBila ....
4a8.-Han.
97,- 46.000
48,237,000
12,0fl3.00(^
6O,-^H9,O0i
7.477,000
4fl,l8^ooo
18.Vi2fi,0'
68,41, 000
Spain.
14,B27,000
2i
,034,000
3«,861,000
14,J 30,000
lw,244,0O<l
3H.764,000
lUly
S2,0» 2,000
8,424,300
6,06?,7i0
26,4'8,S0O
20,4 5,000
2.403,.f()0
8^8-8,300
6,520,800
4,061,4.0
6,:-37.P00
10,.S(,9,300
3,298,807
l,fl4D,£33
11.673,6 »
4,v48.0OO
."»,V24.6rt7
1,6 2,M»H
4,837,000
Netherl'ds
Nat. BelK.
Tot. week.
Tot.preT..
11,606,000
7.284.000
4
1.
46,430,000
84,276,000
366.304,797 105,960,8«4 47l,36S,6 1 ;i«(»,700,»!ll 104,6 4.1 e 34,314.8«7
363,06S,8.H2 106.411.3)1 460.'<««,S H Sifl.MiP.Oa" 104,408 20- 431.aT.2Sl
1
THE SUBWAY OPUyiNO.
was entirely proper that the opening of the underground railway system last Thursday should have been
made an occasion for municipal celebration. Mr. Orr,
Mr. Starin and Mr. Belmont, in their several speeches,
It
directed the public's attention, not only to the fact that a
problem really
expansion
fur*;her
continued progress and
vital to the city's
had been
and equally interesting
solved in such a
AVednesday the municipality
way
solved,
satisfactorily
as
while; at
to
fact
that
but to the
had been
it
the interests of the
secure
time avoiding the dan-
the sanu;
tone was a shade firmer, short rising 5 points to 4 8645'?^)
gers, fiiimiliar in past enterprises of this nature, of reck-
4 8650 and cables 5 points to 4 8675'a;4 8685; long was
1(!3S
unchanged.
to 4
the market
was active and
strong, long advancing 10 points to 4 84^0-4 8110,
quite
short
On Thursday
20 points
to 4
8665®4 8675 and
The tone was
8705'^ 4 8710.
advance of 5 points
points for short.
The;
8685
Commercial
long, 4 8680'a)4
cables.
for
cables 30 points
firm on Friday at an
long and for cables and of
IT}
market closed at 4 8405®4 81 1 5 for
for short and 4 8710'a;4 8715 for
on banks, 4 8375^4 8390 ;nirl
over-capitalization.
How
timely the opening of this
transportation
to be
reminded.
nearly or (piite
no
is,
It
may
three
new
of
resident
;i
venue of
New York
be said, indeed, that
years
.since
it
the existing
city
needs
is
now
fiicilities
and south passenger travel \\ithin the city
limits reached and passed the limit of decent and comI'.ut for two incidents
fortable provision for the public.
for
north
of this
period
of rai»id growth
— the
electritying of the
—
—
THE CHRONICLE.
1924
[Vol. Lxxix.
more recent l)roblem of modern civilization. It is a very notable distinction that New York has been able, in the undertaking
it is
difficult to see how the problem of N<'W York's growing just completed, to point the way to achievement of such
Even a task on lines where a city's rights and the power, at due
population could possihly have been coped with.
surface railway system and the similar and
chunffe of elevated jjower from steam to electricity
as
—
the overcrowding, notably on the elevated lines,
it is,
intervals, to revise th(! franchise, are absolutely reserved,
and where, as Mr. Belmont pointed out on Thursday,
What situation would " the initiation and prosecution of the work have not inas decency of manners impaired.
have been to-day impending if the Subway plan had not volved any excess capitalization." " The capital reprebeen introduced, adopted and carried out when it was, it sented by the par of the stock issued," Mr. Belmont
had reached a point where safety was imperiled as well
certainty
—that the growth
uptown
practical
fact there is
of the city would have been
People desirous of living in the
forcibly arrested.
ther
Of one
to conjecture.
is difficult
districts, or in the
driven to seek homes
across
through sheer inability to
Bronx, would have
the
far.
ben
added, "together with the obligations issued by the city,
represents substantially the
construction, equipment
investment for
installation of the
Subway
and the railway."
The
Korth or East River,
command
of the
cost
and
of
effect
the
Subway opening on
earnings of
reasonable means of the elevated and surface systems should be extremely
A
transportation to their places of business.
very large interesting.
"We
presume
a
that
very
considerable
diversion of traffic will occur in the next few years,
district, soon to become
and flourishing population, would have been condemned somewhat resembling that which happened to the elevated
when the surface lines first offered greater facilities to the
to an indefinite continuance of neglect and waste.
public, and to the East River ferries when the Brooklyn
Mr. Starin outlined the history of the tunnel project
But Ave also imagine that the
a history so peculiar as to suggest to the mind chiefly a Bridge Avas opened.
feeling of wonder that the enterprise should ever have eventual outcome will be, first, that both surface and
the abode of a thickly-settled
been completed.
tract
since the con- elevated systems Avill be relieved by shifting off a very
Mr. McDonald, but that lapse of costly and inconvenient pressure of long-haul traffic, and,
It is nearly five years
was awarded
to
time represents merely the period of carrying out what second, that, as happened with the elevated after the
had been already settled on. It is more than thirteen episodes referred to, the city's natural growth will, in
Act was actually passed and due
To underthe Rapid Transit Commission organized.
years since the authorizing
stand the condition of sentiment before that time one
must go back
1888,
to the energetic efforts of
Mayor Hewitt
when he urged on an unsympathetic
project of
subway
transit or
municipal transportation.
public
depressed tracks
time, re-establish equilibrium.
THE GREAT NORTHEBX RAILWAYS
CONTINUED PROSPERITY.
in
the
Of
for swift
late President
James
Before even that date the ern Railway Co. has been a
J. Hill of the
trifle
Great North-
pessimistic in his utter-
and deep tunnels had been pre- ances, giving prominence to the unfavorable rather than to
sented, but always to a public and a body of capitalists the favorable side of things and repressing his customary
who listened to them as purely academic. He who re- spirit of optimism. But Mr. Hill's own work, as recalls or reads that chapter of oiir municipal history will flected in the prosperity of the Great Northern Railway,
merits of the shallow
leave the reminiscences with astonishment that the enter-
furnishes the strongest possible basis for optimistic views
have reached success at all. That its suc- and for a feeling of elation and buoyancy. No one can
cess should have been effected with the most rigid guard- take up the annual report of this company without having
ing of the city's franchise rights, with peremptory pro- his confidence in the future of both the property and
prise should
and of the country very greatly strengthened. What has already
traction facilities contained in it, and with a sound and been accomplished is obviously a good guide to what may
conservative capitalization, are results which must be be expected hereafter, and this remark is equally applicable whether we have reference to the results achieved
described as the exceptional good fortune of the city,
vision as
Kew
to
the character
York, the pioneer of so
was not
enterprise,
to
railway construction,
tunnel
of the
many advances
in
modern
in raising the property to
be the pioneer in underground or
its
present prosperous position
up of the territory tributary to
of the system and upon which the company will
to the further building
London, Paris and, on a smaller the
lines
be dependent in the future as
it has been in the past.
Boston have preceded it. This is possibly fortuConsider what the report for 1003-01 shows. The
nate, because it has saved Xew York from the necessity
no more for the Great Northof passing through the awkward experimental stages of year was not a good one
notably has had to deal with ern than it was for other railroad systems in the L^nited
London
these other cities.
undertakings of the sort which failed to solve even the States. We need not rehearse the adverse circumstances
scale,
—
immediate problem
to
which they were addressed.
It is
perhaps a sort of poetic justice that, though London was
by many years N<!W Y^ork's predecessor in subway experiments,
it is
nevertheless
facilities
which
The very
its
capital
New
in
York
tation problem of
uration,
While
Manhattan Island, owing
city's interests infer.
is
is
traffic
that
marked
the twelve months.
These
again and again as
after
anotlier.
we have reviewed one
We
shall deal
only with concrete results.
in
In the
be noted that freight earnings as
railroad report
the present instance
first
place
it
should
compared with the
and very beautiful work which reached previous year diminished almost a million dollars
the Subway ojjening this week is un- !^!)70,0;U. The number of tons of revenue freight carried
doubtedly of a larger importance than what
to
which
will settle its transportation problem.
jjcrfect
completion
Americaiv
underground London with the
to-day equipping
and conditions
are familiar facts to our readers, having been set out
peculiarly exacting,
it is,
its
it
The
to its config-
quantity of wheat hauled to Eastern terminals, which had
problem
has come to be
cities
decreased 1,003,54:4: tons or 11-70 per cent and the number
carried one mih^ U.")r),03.3,OS7 tons, or 7-07 per cent.
after all, the
of every growing modern city, and
recognized that the problem of the
relations
the transpor-
is
largely the
fallen
oft'
the previous year,
showed a further decrease,
the added loss being S,7.")0,114: bushels (equal to 262,773
fOns),
with a
loss of
earnings from that source of $066,920.
J
THE CHRONICLE.
Oct. 29 1904.]
of iron ore transported
The quantity
than 1,715,499 tons and
was reduced no
less
therefrom $836,-
earnings
the
the earnings from the transportation of live-
791.
Then
stock
decreased $179,267, from lumber,
$166,491,
etc.,
I9>5
nage and an increase in the high-class tonnage, that is,
that bearing the higher rates. That was the explanation
of the improvement in the case of other roads and the
same cause has been operative with the Great Northern.
and from agricultural implements, machinery, wagons Nor does the conclusion in the present instance rest upon
and carriages, household goods and furniture, $680,684. assumption or surmise. Vice-President Hill furnishes
As against these losses there were increases in the earn- numerous illustrations of rate reductions made durand which
remove
all
occasion
Pas- ing the year
ings from merchandise and miscellaneous freight.
September 10 1903
senger revenues also were larger than in the previous for any doubt on that point.
year, and there were some gains likewise in the earnings the rates on coal from Duluth to Superior and St. Paul
from the transportation of mail and from the carrying of were reduced to all points in the State of Minnesota
(arid to several points in North and South Dakota) from
express matter.
these oifsets, aggregate
^Nevertheless, notwithstanding
ten to
per ton, the average reduction
cents
fifty
At
being
rates
amount about
At the same from all Minnesota mills, including eastern terminals,
of three-quarters of a million dollars.
expenses were augmented in the sum of over to points in Minnesota and portions of North and South
time
half a million dollars, the experience of the Great Dakota, were marked down from 10 to 15 per cent, the
Korthem in that regard having been like that of most average decrease being 12 per cent. Then also, between
The higher operating cost January 15 and June 10 1904 rates on grain from
other roads in the country.
stations on the line in Nebraska were cut from two to
three main causes.
is ascribed to
(1) Increases in wages,
Finally, on June 4
(2) additional passenger train service, another daily six cents per hundred pounds.
gross earnings from
all
sources
passenger train having been put on,
trans-continental
The
and (3) the higher price of fuel.
the
year of the
of wages made in
As
03.
for the
report tells us that
1903-04 show for the
accounts for
effects for a full
11 per
roughly, in
fell off,
all classes
extra
time the
first
numerous increases
in rates
of the service during 1902-
cost of fuel, the
company had
1904
cent.
the
special distributing tariffs
same time lumber
were put into
effect
at
Moorhead and Crookston,
Minn., and Fargo, Wahpeton and Grand Forks, No.
St.
Fergus
Cloud,
Falls,
Dakota, which reduced rates
the
The
to
on the tonnage
which
to
applied approximately 4J per cent.
Great Northern Railway has long held a distin-
tariffs
pay 17 cents a ton more for coal than in the previous guished record in the matter of a high-average train-load.
In the late year there was a further slight increase in this
year, the added outlay on that account being $229,454.
of the decrease in gross earn- average, bringing the lading of the trains up to 447*40
Altogether, as the result
ings and the augmentation in expenses,
earnings
net
The increase
tons.
any increase at
$19,462,991 year as 1904
suffered a shrinkage of about 1^ million dollars, the total
being reduced from $20,708,818 in 1903 to
There was likewise some shrinkage in the
in 1904.
come from other
Yet, after
sources.
in-
all this contraction,
all
—
is
only a fraction of a ton, but that
should have been established in such a
that
the important point.
is
Such
'
in-
crease at a time of heavy falling off in the tonnage of the
bulky class of freights, with an increase in the
traffic
carried
the income account shows a surplus on the operations of in small lots (in less than car-loads), is, as Vice-President
the twelve months over and above expenses, fixed charges, Hill well says, proof that the efficiency of the railway as
and also above the 7 per cent dividends paid on Great a means of transportation is still being improved. Another
Northern stock, in the sum of $3,432,595. This, too, is evidence of efficiency in management and of economy in
the result after making a contribution of two million operations is found recorded in another part of the report.
dollars to the fund for permanent improvements and We have stated that the company had to pay 1 7 cents a
If this contribution (which is a million dollars
renewals.
less than the similar contribution in the previous fiscal
year) were eliminated, the surplus
would be $5,432,595.
ton more for the coal purchased by
an
effort
was made
to offset
but
it,
clear that
it is
in part at least
the extra
expense on that account by a saving in the use of coal.
we learn that At all events, we find that the quantity of coal consumed
improvements was per engine mile run was IJ per cent less than in the preexpenses under the head of mainten. vious year.
Otherwise the added expense from the
Moreover, from another part of the report
$1,410,097 expended
included directly in
for extraordinary
When
ance of roads and structures.
such results are higher price would have been greater even than
possible in a year of unfavorable conditions, confidence in
the future
One
obviously justified.
departure in the present report should not escape
President Hill's
notice.
this
is
own remarks
are very limited,
it
proved
to be.
While the remarks of Mr. James J. Hill are, this
what he does say is
decidedly interesting and instructive.
As a matter of
time, as already stated, very brief,
time covering less than five pages, but these remarks
are supplemented by extended
President
dent
is
L.
new
a
W.
Hill.
A
observations
report from
feature in the pamphlet.
fact, Mr. Hill never talks except directly to the point.
from Vice- His statement with reference to the large expenditures
the Vice-Presi-
W. Hill's
Mr. L.
contribution comprises thirteen pages, and he goes over
much
made by
the Great Northern the last few years should
arrest wide attention.
attests at
The magnitude
of those expenses
once the wonderful resources of the company
of the ground covered by President Hill in previous
and the magnitude; of the work being carried out by it
reports.
in ord(!r to extend the business and lines of the system
The company realized a somewhat better average rate and promote its usefulness to tlie public. After adverton its freight tonnage than in the previous year, the aver- ing to the fact that to provide funds to pay for equipment
age per ton per mile for 1904 being 8-93 mills, against ordered and for construction of new lines, the company
8'57 mills in 1903
that this does not
more
for
charged
their
less.
;
but
mean
freight.
it is
important to bear in mind
that shippers
On
the
The improvement
in
had
contrary,
to
pay any
they were
the gent^ral average
follows from the decrease in the bulky
or low-class ton-
on
December
collateral notes
out
that
no
obtain(>d by
tlus
1
1903
payable
additional
company
issued
£1,500,000
December
permanent
1
of
its
1905, he points
capital
has
been
since the issuance of $25,000,-
000 stock under authority of resolutions adopted by the
THE CHRONICLE.
h)2<i
lUiard
(if
count of
hcen
paid out
the purch.ase
•'i*7i."i.().")."5
27
the
securities
proceeds
additional
to
other companies and
mileage
uc
acquire
to
the
up
new
to the
for tiie construction of
Tiiere
has
Vol. Lxxix.
Rock Island Conii)any no dividends have been
the
but the preferred stock
is
getting
paid,
per cent quarterly, or
1
4 per cent a year.
Through
$2o,7i.'5,0.'i3,
from
In addition there had boon advanced
issue.
same date
uiiiouiit
1904 on
.'{0
was issued was
excess of the
in
The
JOOl.
June
to
of
the additional stock
wliich
or
February
Directors
had
that
I
I'acific
Island
its ownership of the Chicago Rock Island &
and the St. houis & San Francisco, the liock
Company
controls
aggregate of mileage.
ated on June
and indirectly
directly
\ast
a
The first-mentioned road
oper-
1904 7,259 miles of road, exclusive of
paid for additional equipment for the Great isorthern the 298 miles included in the St. Louis-Kansas City line,
Railway durin<? the three years the sum of $8,241,4."il. which was opened the next day, July 1. The St. Louis
There was likewise expended $10,012,207 on capital & San Francisco embraces now, as shown in a subseaccount by proprietary companies during the three quent article, 5,870 miles, so that the two systems to84.'^Ol,20.'5-
also
bcMMi
.30
gether comprehend
years.
almost 13,500 miles of road.
The
San Francisco Company makes an indeadditional mileage and pendent report and we review it separately on a succeed-
In other words, the aggregate amount paid out during
the three
years
for
securities,
equipment and additions
to
the property of proprietary
—an
companies has been $48,499,895
499,895 over the proceeds from the
excess of $23,-
last stock issue.
In
St.
&
Louis
ing page.
In
present
the
selves to the operations
Island
&
we
article
shall confine our-
and results of the Chicago Rock
Pacific Railway.
company has expended during the
As the "Rock Island Company" is simply a holding
and additions to the property company, its income consists merely of the dividends released fi-om the St. Paul Minneapolis & Manitoba Ky\ ceived on the stocks of other companies held by it.
This
the sum of $5,114,131, which last, however, came out of is the same as saying that its income is made up of the divappropriations aggregating $7,000,000 from its revenue idends paid by the Chicago Rock Island & Pacific RailTruly this is a marvelous record. As the way Co.
account.
For though, as already stated, the Rock
addition to all this the
three years in improvements
Great Northern Co. has been enjoined from paying any
dividends on shares of its stock held and owned by the
Island
Company
also has a large
ownership in the stock
& San Francisco Company, no income
Northern Securities Co., the amount of the dividend pay- from this stock is received, it consisting of common
able May 1 1904, on shares so owned, remaining unpaid shares on which no distribution has been made up to the
30, $2,067,173, has been deposited in a special
June
and present time.
separate account.
THU BOCK ISLAND REPORT.
As
of
in the case
many
other large
companies, the
twelve months covered by the present report of the Kock
Company
Island
comprised a period of unfavorable con.
—unfavorable
and in expenses.
Hence the results disclosed indicate what the company
was able to do under such a state of things. Bearing in
mind the circumstances under which the results for the
twelve months were obtained, the showing must on the
ditions
alike
in
traffic
whole be considered encouraging.
Before stating the figures for the year,
it
seems
of the St. Louis
desir-
The combined income account of the
Rock Island Company and the Chicago Rock Island &
Pacific Railroad shows that $5,504,592 was received
from the 8 per cent dividends paid by the Chicago Rock
Island & Pacific Railway Company, and that there \\ as
$64,818 of other income, making total income of
out
$5,029,410,
924
of
expenses
for
on
for
interest
the
Railroad
which
there
and
taxes
paid
leaving
able for dividends of $2,077,372.
bonds
of
balance
avail-
call for the
4 per
a
The
$50,-
$3,495,114
outstanding
the
Company,
cent dividends on
was
and
Rock Island Company
preferred stock
was $1,947,008, thus showing a surplus above the dividend requirements for the twelve months in the sum of
$129,764.
This, then,
is
the
result
in
an unfavorable
We may say, too, that the 8 per cent dividends
of the several year.
companies that bear the words "Kock Island" in their paid by the Railway Company were practically all that
There are three of these companies, namely the was earned by that company during the twelve months
title.
able to define the relations to each other
—
that is, that there was very little surplus above the
is purely a holding
company, the Chicago liock Island & Pacific Railroad dividends, this being due to the fact that net income
Company and the Chicago Rock Island & Pacific Rail- was so largely reduced from the previous year as a con.
"Rock Island Company," which
way Company.
owner of the
shares, of the
The ''Rock Island Company"
entire
capital
stock,
except
&
]*acific
Chicago Rock Island
Comi)any, and the
latter in turn
is
the
directors^
&
Pacific
owns $09,557,475
RaiUcay Company,
of the
besides
is
system,"
is
its
to above.
auxiliary lines, which
denominated
earned gross in
1903-4
the
'•
Rock
$44,909,491,
against $44,370,020 in 1902-3, thus showing an increase
But
this increase in receipts
by an augmentation of
expenses.
At
the
no
less
than
same time there was
was attended
$3,715,729
in
also a falling otf
company witli which everybody is in other income hence, after deducting taxes and fixed
and which has had such a long record of pros- charges, the amount available for dividends on Chicago
The other two companies came into existence at Kock Island iS: Pacific Railway stock was only $0,028,-
the original
familiar,
perity.
Island
owning of $592,872.
$28,034,900 of the common stock of the St. Louis &
San Francisco Railroad Company. The Railuay Com.
pany
The Railway Company with
Railroad together constitute what
$75,000,000 ($74,818,100 out) stock of the Chicago Rock
Island
sequence of the adverse conditions alluded
;
the time of the re-capitalization of the
and the enlargement of the scope of
its
be recalled that shareholders of the
property in 1902
may
Company
198, as against $9,572,911 so available in the preceding
year.
Notwithstanding
operations. It
fiscal
Rail way
three and a-half million dollars, the
this
shrinkage of
amount
over
applicable
$100 in 4 per cent bonds of the Railroad to dividends was slightly in excess of the $5,985,060
Company and $70 in preferred stock and $100 in com. required for the 8 per cent dividends actually paid.
mon stock of the "Rock Island Company" for every Herein we have the favorable feature in the results,
$100 of Railway stock held. On the common stock of n:nHely the fact that it was possible to sustain such a
received
Oct. 29, 1904.
revenues and yet make 8 per cent
turn giving the
dividend payments, these dividends in
" an income sufficient to allow
Island Company
in net
loss
great
Eock
<
1927
THE CHRONTCLE.
|
load, the trains earned
an average of $2 16 per mile run
as against only |1 96 the previous year, notwithstanding
the decline already referred to in the average rate realized
Hence, though the company's aggregate of net earnings suffered the large reduction mentioned
stock.
above, the falling off followed entirely from the special
The large augmentation in expenses followed to some
length of road causes enumerated, not from any lack of operating
extent as the result of an increase in the
miles, economy.
the average for 1903-4 having been 7,205
it
maintain the 4 per cent payments on
to
its
preferred
per ton per mile.
operated,
To some extent
1902-3.
as against only 6,978 miles for
result of the increased volume of
also it followed as the
moved
traffic
in
and the passenger
freight
both the
de-
explaining the
partments. In the main, however, the causes
in this
higher operating cost on other roads are applicable
As
accounts of
far as the finances are concerned, the
the various companies are stated in a greatly
way
in
many
There
particulars.
is
also this
Kock
ance sheet of the Chicago
simplified
time a
&
Island
bal.
Pacific
Railroad Company, which previously was missing. Dur
stock of the Rock Island
During the year very considerable increases ino- the year the common
to
$96,Avas increased from $75,000,000
were made in the wages of train, engine and station men, Company
the preferred stock from $52,500,000 to
advances being approximately 5 to 15 per cent. Then 000,000 and
instance.
the
also
enhanced prices had
and
supplies.
be paid for
to
fuel,
materials
coal strike in the Colorado fields
The
$54,000,000, the increase being used in
and stock of the
St.
Louis
&
San
l^rancisco
acquiring the
Co. and
Eock Island
additional shares of the Chicago
Territory and
the increased mining rates in the Indian
through the
an especially unfavorable element. They Eailway Co. this being done
Kansas were
Pacific Railroad
Eock Island
occasioned a material increase in the purchase price of the Chicago
—
&
fuel as well as entailing additional
expense in transport-
country
the
of
part
that
normal, and the report
recently
in
conditions
made and now making
particular
will be
much
common
of
Company.
however,
stock,
are at
more reasonable
than for the year
better
still
cost
fiffures, from which the conclusion would seem permissible that in the current or new fiscal year the showing in
this
$96,000,000
medium
of the
remained in the
larger, or 28-42
us that the contracts for fuel
tells
the
some
Pacific
Eock Island Company, $7,113,967
company's treasury June 30 1904 and $5,309,767 of
The
preferred stock also remained in the treasury.
the Chicago Eock Island & Pacific
market in funded debt of
coal
the
more nearly Railroad Company (which on June 30 190.3 consisted
are now
Aggregate
ing company coal over long distances.
of fuel for locomotives was $1,006,259
percent, for 1903-4 than for 1902-3.
Fortunately,
Of
&
bonds issued against the
of $69,557,475 of 4 per cent
695,574^ shares of stock of the
acquisition
Railway Company) was increased during the year by
$17,180,940 of 5 per cent bonds issued against the
acquisition of the shares of stock of the St. Louis &
of
the
The expenditures for maintenance of San Francisco Eailroad.
under
In the balance sheet of the Chicago Eock Island & Paequipment were added to in the sum of 1943,673. This^
some important changes from the
together with the extra cost of coal, it will be observed, cific Eailway Company
review.
accounts for quite a large
share of the
total-
tion in expenses.
augmenta- previous year appear. This balance sheet is called that of
the "Eock Island System," it including the subsidiary
months increased properties of the Eailway Company as well as the
Last year the capital stock in this comslightly, the statistics in the report furnish much evidence Eailway itself.
The present
reported as $90,796,345.
that the year was not a good one from a traffic stand- bined form was
year the amount is given as only $7.5,000,000, which is
While the tonnage as a whole gained on that of
point.
Company itself.
1902-3, this was due mainly to increases in the low-class precisely the capital of the Eailway
While
gross earnings for the twelve
freights, while
commodities yielding the best rates
the
factured products
fell oft'
from 1,891,767 tons
to
is a
reduction of 15.^ million dollars, due, however,
in inanu.
entirely to the
1,595,073
At
For instance, the tonnage
suffered a decrease.
This
fact that
that
least,
is
duplications
what
obviously
now
are
is
avoided.
meant by the
we find in President
merchandise from 947,611 tonS following paragraph which
Owing to the increase in the proportion Winchell's explanatory remarks. "In stating the
to 801,654 tons.
forming
and liabilities of the companies
of low-class freight carried, the average rate received ])er assets
Eock Island
ton per mile declined, being only 9-60 mills, against the system, the holdings of the Chicago
tons and the tonnage
in
&
10-4 mills in the previous year.
As
economy
far as operating
for the
concerned, the record
Eailway Company
stock of auxiliary
lin(!S,
in the
bonds and capital
together with the loans between
The improvement system companies, have been eliminated from the
twelve months pnscediiig is very strik. ties, and a like redu(;tion made in the value of the
twelve months
in results over the
is
Pacific
is
a good one.
liabili-
assets;
—
the
ing so much so that the achievement merits particular the figures as stated, therefore, represent the value of
In
without duplication.'''
find that though nearly .371 million tons of assets and the real lial)ility
notice.
We
more one mile were carried and two million more other words, in the previous year the "system'' balarue
passengers one mile, there was a saving in train mileage sheet showed the combined capital stock of the Chicago
subof 1,359,971 miles iuid in engine mileage of 725,321 Eock Island & Pacific Eailway Company and its
(Julf
Furthermore, the number (if cars per train was sidiary companies, the Chicago Eock Island &
miles.
freight
increased from an average; of 20-14
number
of tons
14-81 to 16-37.
increase of
no
to
22-.")2
and
tlic
to
254
iind the
in each loaded car from an average of Paso Eailway Company,
The two together brought with them an owned the whole of the
h^ss
than 46 tons in the train-load, the
average number of tons per train mile having risen from
208 tons
Eailway Company
tons.
An
("liiengo
liut as
stock
Ivoek
Island
the railway
tS;
Kl
company
of th««se subsidiary
com-
panies, the present year this stock of those companies
is
eliminated.
The funded d»bt of the ^'system" is reported at $131,obviously 843.000 Juno .'.OlOOl (not including $19,274,000 of
increase of 22 per cent in the
train load in a singU; period of
twelve months
an acliicvemcnt of no me;in order.
Owijig
is
to tlie larger
first
and retnnding mortgage bonds whieli
nt that date
'
1928
were
THE CHRONICLE.
still in
the coiiipauy's
treasury), as
I
Vol. Lxxix.
-lill^,have necessitated the construction of a new
line all the
The increase, however, does way from Memphis to the
Crescent City, and also the
the creation of new debt to that extentbuilding of a branch from Birmingham to
connect with
duo to the inclusion of ><L'0,00r>,000, the this line.
To obviate the duplication of existing roads
uj,'ainst
098,000 on June 30 1003.
not represent
leather,
is
it
.
bonded indebtedness of the Burlington Cedar Kapids &
between the points named, traffic arrangements
have
Kortheru Kailway Company and of the Kock Island &
been entered into with other companies by which
the same
Teoria Kaihvay Company, neither of which had been in.
object is attained.
All these arrangements were pereluded in the accounts the previous year, these two roads befected during the last twelve months.
On January 1
ing then operated linder lease; now they have been acquired
1904 an agreement was made with the St. Louis
Iron
by deed. While, however, there was no real increase in the
Mountain & Southern Kaihvay Company and the
Texas &
net amount of the funded debt outstanding, some new
forms Pacific Ry. Company (these being
parts of the Missouri
of obligation were created— we mean
$5,000,000 of tem- Pacific System) whereby the San
Francisco Company is
porary loans due April 1 1905 and $7,500,000 of temgranted the use of the tracks of the two companies
from
porary loan due July 1 1907, making
$12,500,000 to- a point opposite Memphis, Tenn., to
a point opposite
gether.
Obviously the sale of the $10,274,000 first Baton
Rouge, La.; the previous September an agreeand refunding mortgage bonds (the most of which are
ment had been made with the Illinois Central Railroad
pledged as security for the loans) should yield considerably
Company and the Yazoo «& Mississippi Valley Kailroad
more than enough to provide for these obligations. As Company
for the use of the tracks between Baton
Rouge
far as the ordinary current liabilities are
concerned, and New Orleans. In these ways
the Frisco Company is
these aggregated June 30 1901 only
87,702,745, and provided with trackage all the way from
Memphis to
against the same the balance sheet shows current assets
New Orleans. Furthermore, in September 1903 an
at the same date of $24,777,231 (including
$5,587,008 of agreement was also reached with the
Mobile & Ohio
material, fuel and supplies on hand), of which aggregate
Railroad and the New Orleans & Northeastern
Railroad
$9,067,261 consisted of actual cash.
for the use of the pieces of road
forming a line between
Tupelo, Miss, (on the Birmingham branch of the
Frisco),
and New Orleans, thus giving the Frisco Company
the
OF ST. LOUIS &
route sought from Birmingham to the Crescent
City.
EXPANSION
SAN
FRANCISCO MILEAGE.
The company
will not be able to avail of these outlets
In reviewing the annual report of the St. Louis «& to New Orleans until
the completion of the necessary terSan Francisco Kailroad Company a year ago, we re- minal facilities at that
point.
These facilities are being
marked that
owing
tion,
the
to
company was in a state of transforma- provided through the New
Orleans Terminal Company,
large amount of mileage acquired which is the joint
creature of the Frisco
the
Company and
and the equally large amount of the Southern Railway Company,
these two companies
mileage under construction. The same observation is having jointly
guaranteed the $3,000,000 fifty, year 4 per
pertinent in reviewing the present report, the additions cent gold bonds
issued by the Terminal Company.
As
to mileage being easily the most noteworthy feature in soon as
the extensive terminal facilities thus to be prothe company's affairs.
vided have been perfected,
within recent periods
the Frisco
Not including
the Chicago «& Eastern Illinois, practically the whole of whose stock the St. Louis
San Fran-
in position to
run
its
Company
New
and from
trains to
will
be
Orleans
&
under the trackage agreements referred to, and hence will
average length of road operated be able to compete for the large
and increasing traffic of
by the Frisco System during the twelve months was that important point on the Gulf.
4,217 miles. The mileage at the end of the year on June
What the company's earnings will be after all these
30 1904 was somewhat larger than this, being 4,349 various plans have been carried out,
is a matter for the
miles.
Tw years before, in 1901-02, the average length future. The present report, as already
stated, shows the
of road was only 3,252 miles.
Three years ago, in 1900- operations on an average of 4,217 miles, not
counting the
01 (before the inclusion of the Fort Scott & Memphis) Chicago & Eastern Illinois,
which operated an average
the average was no more than 1,686 miles.
In the three of 752 miles during the twelve months. At 4,217
miles
years, therefore, there has been an increase from 1,686 for 1903-4 the
average compares with' 3,675 miles for
miles to 4,349 miles, not counting the Chicago & Eastern 1902-3, the increase
thus having been 542 miles.
On this
Illinois, which adds 840 miles more.
Furthermore these enlarged mileage there was an addition of
$2,607,221
figures are independent of the St.Louis Memphis & South- in the gross earnings
and an addition of $726,945 in the
eastern llli., which was not completed and turned over net earnings.
This was in face of quite a falling oft' in
to the St. Louis & San Francisco until after the close of the agricultural
tonnage owing to deficient crops in 190,3.
the fiscal year.
The Memphis & Southeastern comprises The present season, the report tells us,
the crops in the
081 miles. Including this and the Chicago & Eastern territory traversed by the system
are fully up to the averIllinois, the aggregate of mileage is raised to 5,870 miles, age, making the
outlook for the future
cisco has acquired, the
favorable.
which
is
exactly the extent of road
now
included in the
monthly returns of earnings of the company, the statement
for August having been on that basis.
Compared with
the 1,700 miles of road operated in 190J, this obviously
represents a great increase. And in the contrast between
these two aggregates we get an indication of the expansion
of the system in mileage, and of course also in operations.
However, even these figures do not show the full
magnitude of the system. It is well known that the
ultimate purpose has been to have a terminus at NewOrleans.
To reach that point over its own tracks would
It
is
interesting to note that passenger
earnings have gained
in a very noteworthy way, $1,096,920 of the
total increase of $2,607,221 having been contributed by the
pas-
senger department.
During the
last
two months of the
year doubtless the World's Fair at St. Louis served
to swell passenger earnings to some extent, but in
general
fiscal
the large gain in these passenger receipts
to reflect the
growth
in poi)u]ation
and
may
be taken
in wealth of the
territory tributary to the lines of the system.
The Frisco Company
charges
to
meet,
but
had
with
greatly
the
help
enlarged
of
the
fixed
addi-
Oct. 29, 1904.
tional
net
THE CHRONICLE.
|
for
sliowing-
the
eaniing-s
year
the
is,
on
In other words, net income
the whole, very fcivorable.
1929
aside for
set
underlying bonds on that prop-
of the
the redemption
amount being
of the
pany, $13,766,000
erty.
As in previous years, the books and accounts have
and second preferred stocks, been audited by IVIr. Stephen Little, and are attested by
and yet leave a surplus over and above the requirements him as correct.
for this purpose of $440,614 on the operations of the
twelve months which is only 1194,360 less than the COTTON' CONSUMPTIOIi OF
TEE WORLD.
corresponding surplus above dividends on the operations
Moreover, when the
Mr. Ellison's "'Annual Review of the Cotton Trade"
of the twelve months preceding.
Illinois
(whose was issued in Liverpool on Tuesday of the current week
results for the Chicago & Eastern
meet
Avas sufficient to
charges and also the 4 per cent
dividends on both the
all
first
—
EUROPE ANB
earnings run greatly in excess of the amount paid out in
dividends) are included, this surplus is very much in.
With
creased.
covered
4,068
to
increased
earnings are
penses, fixed charges
twelve months
added the mileage
and aggregate gross
Deducting ex$35,560,774,
the Eastern Illinois
raised
is
is
to
miles
and dividends, the surplus
found on
this basis to
spinners in actual bales
Extensive purchases of equipment are making
accounts.
As simply one
we may mention that during the twelve months the
number of locomotives was increased from 586 to 731,
item,
2,046,764 tons June 30 1904, as against only 1,421,-
790 tons on June 30 1903.
makes the net increase in the funded in
debtedness of the San Francisco Company for the
twelve months $13,262,309, with an increase of $1,509,400 more on what is called the leasehold estate, namely
the Kansas City Fort Scott & Memphis Kailway ComThere was also a net increase of $1,520,677 in
pany.
Besides this,
the outstanding total of equipment notes.
of notes representing deferred payments on
$3,600,000
the Arkansas Valley & Western Eailway were created,
$2,325,000 of the same having been payable Sep.
tember 1 1904 and $1,275,000 March 1 1905; but as
against this $2,149,136 of notes on the Oklahoma City
& Western RR. were paid off the during the year;
$1,980,000 notes on the Ozark & Cherokee Central were also put out during the year, though these
have since then been paid oif. Then $3,500,000 of 5
per cent notes dated June 1 1904 and payable on or before April 1 1905 were issued, and the amounts of ordinary notes payable was increased from $2,215,000 to
report
It is stated that these additions to floating debt are the
for construction
and pur-
and for new equipment and iniprove.
ment expenditures, for which bonds have not yet been sold.
chase of
As
new
bearing on this latter point,
it is
important to observe
new bonds
created
during the year remains unsold in the company's treas-
evidenced by the fact that the aggregate of secur-
ury, as
is
ities in
the treasury
as
only
against
of these
figures
&
cago
increased
$1,281,000
St.
Louis
stated,
includes
miles
its
reported
accounts
the
of
road
of
This
latter
during
the
Illinois.
the
Xone
Chi.
completed
year
and
to the amount of its equipment notes.
The
Memphis & Southeastern KR., as already
for operation to the Frisco
until after the close of
company on June
1
the
fiscal
year.
That
1904 issued $16,000,000 of 5-year
4J per cent gold notes, guaranteed by
loua.
Oontintnt,
For 1902-03.
Takings by spinners... bales
3,209.000
5.589,000
8,798,000
jlverage weight of bales.lba
494
480-0
472
Takings In pounds.. ........ 1,585,276,000 2,638,159,000 4,223,436,000
For 1901-1902.
Takings by spinners .. .balei3,305,00<
4.987,00(
8,292,000
Average weight of bales .Ibf
49 f
485
4890
1.636.O1R.OO0 2.418.700.00. 4,064,715,000
Takings in ponnds
The foregoing
the
Frisco
Com
indicates that the takings of spinners in
Great Britain, stated in ordinary bales, have decreased
181,000 bales, and on the Continent the takings have
been much
(319,000 bales) than in 1902-03. Therefore,
less
the whole
for
Europe the
of
total
with 1901-02 there
The
is
500,000 bales
is
Moreover, compared
smaller than in the previous year.
a gain in takings of only 6,000 bales.
bales given in the above table are. as already stated
of ordinary weights
the average weights of the various
;
groAvths contained in the foregoing for 1903-4, as cabled
to
are as
us,
727
follows:
East
lbs.;
Smyrna, 400
India,
American, 483
400
and West Indian,
lbs.,
728
East Indian, 400
lbs.;
Smyrna, 400
The
246
227 lbs.
etc.,
224
etc.,
lbs.;
In
Egyptian,
lbs.;
253
Brazilian,
lbs.;
and West Indian,
lbs.,
Egyptian,
lbs.;
Brazilian,
lbs.;
1902-03 the weights were: American, 483
lbs.
lbs.
takings presented above indicate quite
figures- of
truly the season's results so far as
Great Britain
con-
is
cerned, consumption having been moderately decreased;
but on the Continent, despite the
much
smaller takings,
there has been no change in consumption.
different
ing together in
years
tabular
form
This
size.
tion,
form not
all
we have done
only
reduced
'>00 lbs.,
relations
by bring-
the
to bales
takings,
of uni-
in the subjoined compila-
which covers the items referred
balea of
The
clearly denoted
are
but consumption and stocks,
to,
expressed in
thus enabling the reader to see readily
the changes in each item for the last three years, both for
Crreat Britain
and the Continent.
Bales O/500
lbs.
each.
1903-04.
1902-08.
1901-02.
Gkeat Britain—
Stock Oct.
(beginning of year)
40,000
5f5,000
3,0M,000
3,170,000
86,000
3,272,000
Total supply for year
3.074.000
Total consumption for year. 3,017,000
3,225,000
3,185.000
3,30«,000
3,253,000
67,000
40.000
55,000
446,000
5,017,000
318,000
5,276,000
317,000
4,837,000
5,463,000
5,148,000
5,594,000
5,148,000
5,154,000
4,836,000
815,000
446,000
818,000
1
Deliveries daring year
funded debt $1,828,000 and added ahoiit Stock
was not turned over
Company
June 30 1904 $13,164,661,
$5,465,274 on June 30 1903.
Eastern
ciglity-nine
is
and 1901-02.
Bplnners... bales
3,028,000
5,270,000
8,298,000
i>01
&.7erage weight of bales.lbs
476
4851
raklngs In pounds.......... 1,517.113,000 2,508,530,000 1,025,643,000
roads,
that a very considerable portion of the
for the past season
For 1908-04.
Ix^tween
$2,690,000.
advances made
Qrtat Britain
Oct. 1 to Sept. 30.
raising the tractive power of locomotives on level track
result of large
takings by European
the
and pounds
in comparison with the figures for 1902-03
further increases in capital
The
the statistics of interest con-
first
be $1,198,567, of Takings by
$416,840 was appropriated for betterments.
Very naturally, with such large additions and acquisitions of new road, indebtedness is also being largely in-
to
all
We give
tained therein.
for the
Avliich
creased.
and the cable brings us
Oct. 1 (end of year)
Continent—
Stock Oct.
1
(beginning of year)
Deliveries during year
Total supply for year
Consamption daring
Stock Oct.
1
year...
(end of year)
THE CHRONICLE.
\).U)
1
The
are as
whole of Eurojto
totals for the
lolh)\v.s (in
bales of 500
[Vol. Lxxix.
for tlic three years
Etliinaled.
Bequiuemtr- Ordinary
All Europe.
1903-04.
1902-03.
1901-02.
Deliveries duriug year
8,0-1,000
Baltt.
BuU*.
EKj'ptlan
Sundries
300,1
10.273.000
1 .300,000
814.000
249,000
10,830,000
1,150,000
755,000
385,000
Our
1
8, 37,000
8,165,000
8,819.000
8,33 SOOO
8,462,000
8,089,000
372,000
48«,000
37:^,000
(end of year)
1
85H,000
8,109,000
|
12,636,000
485-1
12,259,000
13,129,000
482-5
12,661,000
8,165,000
8.333,000
4,32^,000
Totul requirements
Total Hopply
Total consumption
Stock Oct.
373.000
8,44H,000
-186,000
1
(in bales of
500
lbs.) as
00
13,104,000
Average weight
48(i-0
Requirements, bales 500
lbs...
12,796,000
OoN8UMPTioN-500-lb. balesEurope
United States, Canada, Ac...
8,596,000
4,200,000
Total Europe, America, &o.
cable also gives the average weekly consumption
Aet^ud.
1902-03.
10,904,000
l.Oi 0,000
83",000
bales
American
East Indian
Stock Oct.
Actual.
1903-04.
1901-03.
lbs.).
12.796.000
below.
{
BaUa.
4,09., 000
:
1^-/59 000
1
2,6f 1 ,000
It is perhaps well to explain that these figures are not
Consumption per Week.
1903-04.
1902-03.
Continent
58,019
99,000
61,-50
99,000
62 558
93,000
Total
157,019
160,250
155,558
Great Britain
The above compilation
1901-02.
indicates that the rate of con-
sumption has fallen the past season, and that
now than in either 1902-03 or 1898-99.
it is
intended to be estimates of the yield in various countries,
Mr. Ellison confining himself to indicating the extent to
which in his belief each source of supply will be called
upon
to contribute to
ments.
the season's consumptive require-
In other words, he
is
of the opinion that 13,-
164,000 bales of ordinary weight will be necessary in
lower
order to avoid a depletion of visible supply and mill
Great Britain and the Continent are of course the
only countries covered in the results presented above.
Similar statistics for the United States, India, Japan
stocks.
Mr. Ellison's estimate of the number of spindles in
Europe, America and India during 1904 has also been
received, and we give it below, adding for puqjoses of
and other countries must therefore be added in order
comparison the figures for previous years.
to arrive at an idea of the world's consumption.
For the
United States we fully set forth the results in our Annual
Spina les.
1904.
1803.
1902.
1901.
Crop Report issued in September, and they indicated a Great Britain.
47,SO0,0OOi 47.000.000 47.0'>O,00O 46.100,000
small
decrease
consumption during the season of
The cotton-manufacturing establishments of
1903-04.
in
India, according to the information at hand, have used
Continent
.
.
.
Dnltt-d States.
East Indies
...
ToUl
34,600.000 34,300,000
23,214,000 22.240,OoO
5,'200,OtO
5,100.000
00.000
33.3.'SO.OOO
21.5.59.01
5,2(X),00i'
20.870,000
5,100,000
.^3,!-
110,514,0O0| lO864 O,O00jlO7,659,OOO 105,420,000
This shows an increase in the spinning power of the
For Japan, etc., we
world of 1,874,000 spindles, the excess being furnished
than that upon which
the estimate given in our crop report was based. Bringing by the United States and Continental Europe.
together the results for Europe, India and the United
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
States, and adding the total for Japan, Canada, etc., w^e
less cotton
during the past season.
have as yet no
later information
practically cover the world
—
at least that part of
which any reliable data are obtainable.
it
from
Below we give
these returns combined for ten consecutive years, all bales
being reduced to the uniform weight of 500
WoTld'i
Con-
Great
AU
ComwrtiptUm.
Britain.
189»-04.
8,238.000
3,827.000
1894-95
1896-H6
8,860.000
4,030,000
2,264.000
2.743,000
3,276,000
4.160.000
2.572,000
1898-97.
3.224.000
4.368,000
2,738,000
1S97-0'
1898-99
1899-00.
1900-01
1901-02
1902-03
3,483,000
4.628,000
8,»6a,000
3,519,000
4,784,000
3,553,000
4,576.000
3.2«9.000 4,676.000
3.233,000 4,S36,000
8,185.000 6,148.000
3.017,000 6.148,000
8,856.000
3,727.000
India.
Othert.
Total.
959.000 297.r00 10.580.000
1.074,000 4*6.000 11.543,000
1,105,000 492,000 11.605.00(
1,001,000 646,000 11,K80.000
1,141,000 723,000 12.888,000
1,314.000 845,000 14,016,000
1.139,000 868.000 13,773.000
1.060.000 7H4.000 13,416.000
4.037.000
1,384,(;00
4,015.000
8.909,000
tintnt.
8.334.000
1903 04
States.
The foregoing compilation shows
sumption
from the
in
1,300.000
905,000
666,000
14,864.000
1,270,000
530,000
13.880. OOC
tliat
14,415.00(1
the world's con-
1903-04 decreased 484,000 bales of 500
total of 1902-03,
and records a
lbs.
535,000
loss of
bales from 1901-02.
Our
A
&
error In the aactlcneet's report to ne, the Eale
this column as having been made at 40i.
ghart*
ftS
Banks— Vew
fork.
Amer. Eich. Nat Bank
Price.
2SS0
2Cljem'oal National Bank
4298
*17R Pou mtrcp, Nat Baob of
S29-2S2%
16i>4
50 Qerman Amr-rlOHn Bank
a fMttrket & Falton Nat. dank... •iSv's
30 Mert'bams' Ezoh Nat. Baijk... 174t^
25 New Amsterdam Nai. Bank
425
Trdst CoMPAViKB-lfew lork.
50 Bowling areen TrustOo
26 Van Norden TrnstOo
21Q\
203
was recorded
In
TMtt ttreviouM tale.
Sept 1904—
Oct 1904—
Oct.
1^4-
.iBn.
190i
—
2>ili
4?ft7
231
1->^1«
Sept 1904— 254%
M>ir. 11)04- 175
Sept 1904— 411
Oct 1904- 210
May 19J4- 200
'Sold at the Stock Exchange.
the
United
States
(including
shipped from this country to Japan, Canada,
1903-04 require for consumption 13,1(54,000
lbs.
previous sale, in September,
Bale last week of 15 shares of United States Mortgage
Trust Co. stock was made at 440, but, owitg to a clerical
—The bai king firms of John L. Williams & S jus of Richmond and J. W, Mlddendorf & Company of Baltimore are
amounts
cable also states that Mr. Ellis.on estimates that
Europe and'
lbs.
public sales of bank stocks this week aggregate 833
which 175 shares were sold at the Stock Exchange
and 157 shares at auction. The transactions in trust company stocks reach a total of 75 shares. Fifty five shares of
stock of the American Exchange National Bank were sold at
280 -an advance of 45 points over the price paid at the last
lbs.
United
—The
shares, of
average
w(!iglit,
making
weight, (equaling
l)ak'S
of 48(5
12,79(5,000 bales of
each, against 12,(53(5,000 bales of 485*1
]903-01.
making rapid progress
etc.) will in
12,259,000 bales of 500
500
lbs.
average
lbs.
each
in
In Mr. Ellison's estimates the amount needed
in the adjas meat of tdeir tffairs,
^aving already paid eflf about seven million dollars of their
obligations, or approximately two-thirds of their entire indebtedness, during the past 12 months. A member of the
firm of John L. Williams & Sons says that both firms will
surrly pay Lflf all of thtrir obligations in full, principal and
interest, and have surplus capital.
It is believed that the
two firms will be able to resume business fully within the
ntit few month?, before the expimtion of the txtenslon
bales are required from India, 830,000 bales from Egypt which has been granted to them, aLd which does not run out
and 300,000 bales from other sources of supply. He is until May first next.
—The Kings County Trust Co. of Brooklyn has declared a
of the opinion that consumption in Europe will be 431,-
from America
placed at 10,984, 00() bales, 1,050,000
is
000 bales greater than
total for the
United States, Canada,
10(5,000 bales.
sumption
in the season just closed,
The estimate
in detail
is
as follows:
etc.,
and
his
he increases by
of requirements
and con-
quarterly dividend of 3 per cent, payable Nov. 1. This is
in the rate, 2}^ per cent having been paid each
quarter since February 1899.
an Increase
—The new Battery Park National Bank, this city, which we
mentioned in these columns July 16th, will oommenoe buai-
:
THE CHRONICLE
Oct. 29, 1904.]
ness about November 15th at 34 State Street. Its oflficials are
Mr. E. A. D-Lima, Preaideat; Edwin B. Diy, Cashier, and
George S, Talbot, Aeslstant Caahier. The board coneiata of
T. Alexander, Nicholas W. Anthony, William D
Baldwin, Charles T. Barney, Harry S. Black, Harold G. Cortis,
Robert A. Chesebrongh, George S. Hart, Adolph L«wi8ohn,
Elias A. De Lima, John N. Robins, Carman R. Runyon,
Henry F. Shoemaker, Oakleigh Thome and Calvin Tomkins.
The bank is capitalized at $200,000 in addition to a paid-in
Howard
cash surplus of $100,000, and will cater to the merchants and
corporations in the immediate vicinity. Its organizers believe
that with the completion of the new Custom House and the
establishment of a large branch post oflSce in it, besides the
opening of the Subway extension to Brooklyn, and the erection of many modern oflace structures now building in the
locality, the new bank will provide needful banking facilities
for this rapidly
growing
district.
—No action was
taken yesterday by the stockholders of
the Phenix National Bank of this city with regard to the
renewal of the charter, the meeting having been adjourned
until
November
10.
^bna National Bank of this city
—The
opened for business last Monday in the new Mattlage Building on the corner of Greenwich and Warren Streets. It
has $200,000 capital and $100,000 surplus, and is located in the
centre of the butter, cheese, egg, fruit, produce and provision
recently organized
Charles E. Finlay, President of the New Jersey Steel
Company, is President of the new institution; William Hills,
of the Hills Brothers Co., 81 Beach Street, is Vice-President,
while James Dannison, formerly Cashier of the Irving National Bank, with which he was connected for thirty-tw o
years, will be the Cashier. The directorate includes the
officers and the following: J. M. Coward, Paul Bium-jarten,
C. E, Thurston, Horace Granfield, James Gilfillan, Frederick
8. Fisher, Charles Henry Mattlage, William Gamble, Henry
H, Heert,'Horace B. Hanson, Josiah W. Place, Joseph H.
Everett, Louis F. Bernholz. An Item concerning the bank's
organization appeared in our issue of July 16,
district.
— A dividend of 25
per cent was declared by Comptroller
Ridgely on the 17 th inst. to the creditors of the Soulhport
National Bank, of Southport, Conn.
In all 75 per cent has
been paid, 50 per cent having been distributed in August
1903. The bank suspended in May 1903.
—The Colonial National Bank of Boston recently voted to
accept from the liquidating agent $7 per share as a final payment, making in all $160 per share received since its absorption by the Commonwealth Trust Company of Boston.
The
bank was taken over by the trust company on April 28 last,
and
its liquidation and the payment of $160 per share have
been accomplished in a period of exactly six months.
—Mr. Thomas
Congdon has replaced Mr. Charles T.
Hopkins as Cashier of the Aquidneck National Bank of
Newport, R. I. Mr. Congdon was formerly Assistant Cashier.
With the renewal on October 20 of the charter of the Philadelphia National Bank of Philadelphia for another twenty
years, a little table has been prepared to show the institution's growth since October 20 1884.
In this interval deposits have increased $34,404,213, having risen from $7,167,348 to
$41,571,661. The addition to surplus and profits has been
$1,687,657, the amount on October 20 this year being $3,537,012, against but $949,855 October 20 1884.
Daring the past
B.
—
1931
posed of Messrs. Stein Brothers and Hambletoa & Co, of
Baltimore, and E. B. Smith
Co. of Philadelphia, the announcement was made this week of the acceptance of the
resignation as President of Mr, Robert C. Davidson, The
resignation is to take effect in January next. A circular
signed by four of the directors was issued to the stockholders of the company on the 21st inst. opposing the movement
of the syndicate to acquire control. The Baltimore papers
of the 24th inst. also contained a circular to the stockholders,
signed by Mr. Davidson as President of the board, arguing
against the movement.
&
—The Washington
inst. states
(D, C.) "Financial Review" of the 21st
that out of the surplus of the old National Met-
Bank a dividend of 100 per cent was paid to the
stockholders upon consolidation with the Citizens' National.
An additional dividend of 12 per cent was paid on the 25th
inst., and about 60 per cent more will follow as the assets
ropolitan
become
available.
—The
last statement of the Merchants' National Bank of
Burlington, Iowa, under date of September 6, gives evidence
of quite noteworthy growth. The deposits show a total of
$1,039,230, as against $686,194 on Nov. 17 1903, a gain of over
$350,000 in less than ten months. Total resources increased
from $988,312 to
W.
$1,345,924.
E. Blake Vice-President
—The
Mr. J. L. Edwards is President,
and H. J. Hunger ford Cashier.
stockholders of the Central Savings
Bank Company
and the Akron Trust Company, both of Akron, Ohio, are to
meet on November 5 for the purpose of ratifying the proposition to consolidate the two institutions, as recommended by
the directors. The resfectlve institutions have a capital of
The new concern, to be known as the Central
Trust Company, will have a capital of the same
amount, with $100,000 surplus. Mr. Will Christy, now the
Vice President of the Central Savings Bank, is looked upon
as the probable head of the new institution.
$100,000 each.
Sivings
&
— Announcement is made that the Commercial National
Bank (capital $1,500,000) and the Mercantile National Bank
(capital $600,000)
on December
1,
,
both of Cleveland, will go into liquidation
to be followed by the formation of a
new
bank, to be called the National Commercial Bank. The proposed institution will have a capital of $1,500,000, $900,000 of
which will be subscribed for by the stockholders of the old
Commercial National, the stockholders of the Mercantile
taking the other $600,000, The stock is to be paid for at $150
per share, thus creating a surplus of $750,000. The officers of
the new bank will represent the two institutions it is to
succeed. Mr. Joseph Colwell will be President Charles L,
Murfey and William P. Johnson will be Vice-Presidents, and
Mr. L A. Murley, Cashier. The merger will be ratified by
;
November 14 and by
November 25.
the stockholders of the^Commeroial on
the stockholders of the Mercantile on
—At a directors' meeting on the 2l8t inst. Mr. Gavin L.
Payne was elected President of the Security Trust Company
of Indianapolis. This is Mr. Payne's second advance within
the year, he having moved up in the spring from the Secretaryship of the company to the Vice- Presidency. Mr. George
J. Marrott, heretofore Second Vice President, has become
First Vice-President.
Mr. Frank L. Powell, President of the
Capital National
Bank
of Indianapolis, has been elected a
director of the Security Trust.
— Ou the
25th inst. the Indiana National Bank and the
of lodianapolis were elected members
twenty years the shareholders have received in dividends
Union Trust Company
$3,225,000. Since the establishment of the bank in 1808 the
dividends to shareholders have aggregated $14,254,872, The
institution has a capital of $1,500,000, and is managed
by Mr. N. Parker Shortridge, President; Lincoln Godfrey
and Levi L. Rue, Vice-Presidents; Harry J. Keser, Cashier,
of the Indianapolis Clearing
House Association.
—At the recent convention
of the Illinois Bankers' Aeso-
ciation Mr. E, J. Parker, Cashier of
& Trust Company of
Qaincy,
the State Savings, Loan
presented his report as
Illinois,
Chairman of the Committee on Legislation, which committee
and Horace Fortescue, Assistant Cashier.
was appointed at the 1903 convention for the purpose of co—The charter of the Corn Exchange National Bank of operating and conferring with Chicago bankers and
Philadelphia was also renewed for a twenty-year period on committees appointed by other State bankers' associaOctober 20, and this institution, too, shows great advance- tions, In an effort to secure currency reform. Mr. Parker
ment since 1884. Deposits now aggregate $16,404,580, againet stated that the committee, after correspondence with some of
but $2,284,000 on October 20 18^4. The surplus and profits the members at Washington of the House Committee on
on October 20 this year were $9C0,994, whereas the amount Banking and Currency, became fully satisfied that nothing
on the same date twenty years ago was only $268,000. A could be done at the short session of Congress last year or
decided increase has also occurred In the book and market this year, with the Presidential election coming on, and for
values of the stock, now reported at 138 and 128, respectively, this reason no joint meeting or conference took place. In
and comparing with 77 and 60, respectively, two decades ago. his report he made an earnest plea for the correotion of the
-Following the offer made to the stockholders of the Bal- existing defectB in our currency and Sub Treasury arrangetimore Trust & Guarantee Company by the syndicate com- ments.
.
THE CHRONICLE.
VM'2
[Vol. LXiix.
—
—A new national bank is organizing in Vicksburg, Mies.,
^The chief event in bankloj? aflfairs In Chicago occurred
Wcdneeday night when arrangements were perfected for th^ to be known as the Citizens' Ntitional. Mr. C. G. Wright is
sale of the National Bank of North America to the Conti- slated for the Presidency, while Mr. George B. Hackett,
nental National Bank. This action came as the resalt of Assistant Cashier of the Merchants' National Bank of Vickscharges which had connected the name of Mr. Isaac N. burg, is expected to be chosen as the new bank's Cashier.
Perry, President of the Bank of North Am ^rica, with the
— Iq the September 6 statement of the Atlantic National
destrnction by fire of the bnildinga of the Chicago Car & Bank of Jacksonville, Fla., the deposits are shown as $1,855,Locomotive Works at Hegeswisch. Upon the appearance of 817 -a gain of over $800,000 Hince September 9 19j3, when
these charges, President Perry sent in the following letter of
the figures stood at $1,048,403. This bank is the second largest
and has a capital of $350,000, surplus
resignation:
in the State of Flori !a,
Board of Direetori :
GBMTLEMEif. - In Tlew ot the fact tliat the charge of arson baa been
publicly made against me, and that I feel no person so aocased, howevtr Incooent, shoold farther oontluue at the head of any bank, I
desire to retire, and I therefore resign my position as President of
the National Bank of North America, and respectfally insist upon
your immediate acceptance of my resignation."
and undivided
•
'To the
The directors refnsed
to accept the resignation
and adopted
a resolntion expressing their belief in Mr. Perry's innocence.
Immediately after this negotiations were entered into with
the Continental for the sale of the National Bank of North
America, and the transfer went into effect on Thursday
mornlne:. According to the "Chicago Tribune" of the 27th
Inst, "if the book value of |139 per share of the North American proves to represent sound assets, the price, as nearly as
could be learned, will be between $156 and $157 a share. The
stockholdera will receive approximately $17 a share above
the book value." The National Bank of North America
opened for business on June 18 1932. On September 6 1 ist it
showed deposits of $14,197,895, surplus and profits of $777,425
and aggregate resources of $17,475,320. Its first dividend of
IJ^ per cent on its capital of $ 3, 000,OCO was declared a few
weeks ago, payable October 10, The President, Mr. Perry,
was formerly Vice-President of the Continental National,
having resigned in April 1903 to accept the Presidency of the
Southern Trust & Banking Company of ^New O^-Ieans, He
never, however, assumed the duties of this latter position,
being prevailed upon to stay In Chicago and become the head
of the new National Bank of North America. The Conti
nental, with $3,000,000 capital, over one and a-third million
dollars of surplus and profits, and nearly forty-two millions
of deposits, has long been In the front ranks of Chicago banks.
—
D. B. Lyman, receiver for the Third National Bank of
Chicago, is about to pay a third dividend to the shareholders
of that Institution. It is 7 per cent on the amount outstanding— |782,40C— there being 7,324 shares. This is the third
dividend, the first being 10 per cent, second 5 and this making 22 In all. The funds tor this purpose were derived from
the sale of 45 acres of land in Cicero for about $60,000.
and aggregate resources of
August 1 1903, and
shortly after took over the National Bank of the State of
Florida. The official staff Is made up of Mr. Edward W.
Lane. President; Fred. W. Hoyt, Vice Prtsldent, and
$2,513,239.
Thomas
P.
profits
The
of $67,892
institution opened on
Danham, Cashier.
—On January 2
business In
New
next a
Orleans.
new bank Is expected
The organization of
to
open for
the institutlon was approved by the Comptroller on the 26th ult. under
the name of the Merchants' National Bank. The capital is
Mr. E. S. Woodfin, of Shreveport
$200,000, in $100 shares.
La., has been elected President
E. D. Harral, Vice-President, and Henry T. Strong, Assistant Cishler. The Bank
has temporary quarters In the Inter-State Bank Building,
;
—About November 20 the creditors of the defunct Citizens'
National Bank of Beaumont, Texas, will receive a dividend
of 25 per cent, R-.celver C. L Williams having received
authorization from the Comptroller to make the payment.
With the 50 per cent dividend declared last February the
aggregate will thus be brougtit up to 75 per cent, and It Is
believed that still another dividend will be realized.
—The
United States National Bank of Denver, Colo.,
Inst., has a capital of $2CO,000 and
which opened on the 10th
a surplus of $20,000.
—The name of Mr. J. H, Shankland, of the Title Insurance
and Trust Company, of Los Angeles, Cal., appears among
&
those Interested In the Mercantile Trust
Savings B ink of
Los Angeles, recently Incorporated with a capital of $230,000.
—We
have referred at various times in these columng to
the prosperity which the Washington National Bank of Seattle is enjoying. The last official statement received (September 6 1904) shows the surplus and profits to be $427,225, a
gain of nearly $75,000 over the previous year, when the
amount (September
9
1903)
was
M
Mr.
$356,496.
The
deposits
now
Backus is the President of
this institution, Mr. E O. Graves Vice-President, Mr. R. 8.
Walker Cashier and Messrs. S. G. Graves and Ls Roy M.
—One of the banks in the Northwest which is steadily ex- Backus Assistant Cashiers.
tending Its business Is the Merchants' National Bank of St,
—Secretary F. C. Jemmett of the Canadian Bank of ComP ul, Minn. We show here the bank's record for the merce Informs us thai; a branch of that institution has been
ps?t five years taking tLe month of September as a basis.
opened at Nanton, Alberta.
Surplut
Date.
Sept. C1904...
Sept. 9 1903...
Sept. 15 1902...
Sept. 30 1901. .
Sept. 5 1900...
Sept 7 1899...
I:;
Capital
$",000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
will be seen
and
Profits
$337,803
280,789
232,952
188,973
125,026
98,711
Qross
aggregate $3,175,098.
F.
Total.
Deposits.
Resources.
$5,839,363
6,476.811
5,375,666
4,613,957
4,326,888
4,167,247
$7,637,166
7,056,600
6,808,619
6.002,930
5.661,912
6,265,958
by the foregoing that the growth
in
deposits
during the past 5 years has been uninterrupted, and that the
total at $5,839,363 for 1904 Indicates a gain of nearly a million
at d three quarters during this neriod. Surplus and profits
record an exceptional Increase, having advanced from $98
711 to $337,808, while aggregate resources stand at $7,637,166,
as against only $5,265,958 for the earlier period. The oflBicerB
Kvuneth Clark, President; Mr. C. H, Bigelow,
Vice-President; Mr. Gaorge H, Prince, Cashier and Messrs.
coceist of Mr.
[From onr own oorrespu
ident.]
London, Saturday, October
15, 1904.
discount of the Imperial Bank of
Germany caused a flatter upon the S 03k Exchange on Tuesday, and prices generally decliaed. But there was a rapid
recovery, and sines then markets have been cheerful. Still,
the gr>at publijt Is holding aloof from markets. I: Is said
that there is more Investment than there has been for a long
time. But even so, it is very sma'I yet, and it is not accompanied by any speculation except on the part of professional
The
rise in the rate of
operators.
The
activity
Is
mainly due to American and
—The National Bank of Savannah, at Savannah, Ga., has
'awarded the contract for its new building to be er cted at
/Bull and Broughton streets.
Both the National Biiuk of
SiViunah and the Oglethorpe Savings & Trust Company
(which are closely affili ;ted) are to locate permanently in the
mew building. August 1 of next year is set as the date for
the completion of the new structure, work on which will be
started at once. The building will be ten stories high besides
the bapement. It will be constructed chiefly of limestone and
Tprfssed brick, and will be equipped with all modern con-
Continental operations. la the American market British
professional operators are of course doing something, but
they are not doing much.
In the South African department the French are buying
once more. For a long time past they have looked unfavorbly upon the market, holding that the state of things In
South Africa was so unsatisfactory that a real recovery
could not be brought about. Njw, however, they have
changed their minds. Toey see that Chinese labor is being
obtained at a rapid rate, and they have come to the conclusion that the time for buying has arrive i. During the week,
therefore, they have been purchasing— not, indeed, upon a
great scale, but in a manner to foreshadow a good deal of en-
'yenlences.
terprise If the conditions
H. W. Parker and H. Van Vieck, Assistant Cashiers,
remain favorable.
At the sams
,
1933
THE CHRONICLE.
Oct. 29, 1904]
The following return shows the position of the Bank of
betime there is general appreliension that if the Russians
Bank rate of discount, the price of consols, &c.
great disaster, the England, the
tween Liao-y ing and Mukden suffer a
compared with the last three years
1901.
1903.
1MU4.
1903.
French holders of Russian bonds may become alarmed, and
Oct. 16.
Oct. 18.
Oct. 14.
Oct. 12,
the present
•
t
t
t
the whole Paris Bourse may be affected. Up to
29,t^ 91^,190
29.649,960
28.960.640
28,403.00
111,189 207
7.291,466
French investors in Russian securities have shown extraordl Circulation
6.a««.i30
6.029.667
Public deoosltB
4l.l7l7';l
42.0.1.172
44.240.t88
43.139..26
Ottier deposits
iH.Oi' ,rr5
nary courage and calmness. They have maintained that in Government securities
19,975,C5«
l«.a43 c4iJ
16..9S,118
i5 964,.'i80
25.fOl.353
28.1»«,»11
23 645,078
Russia was sure to win, and that in any case she Other securities and coin
V5.1i55,939
the long run
2<i,e4»,085
21,c59,n«
27.098,329
Reserve of notes
34,UK089 37,157,129
38.3tJtf,818
bullion,
would keep faith with her creditors. Therefore, there has Coin &reserve toboth departm'ts 37.051,ft29
40
s4
HH
fc4H
liabilities, p. c.
Prop,
3
4
percent.
8
„*._
Bank rate
been surprisingly little selling of Russian bonds. Still, the Consols,
883-16
889-16
83 116
»»3M
2M per cent
26U-i6d.
iS^i.
269-16(1
28 1-lHd.
as well as in London that a really great Sliver
fear remains in Paris
184.7a8.0C0 170838 000 818a5a.o0« igs.oie ooa
French Clearing-House returns
disaster to the Russian ;arm8 might bring home to
The rates for money have been as follows
investors, in a way not hitherto appreciated, the gravity of
Int»r*$t •iieMid'
Russian Government now finds
Oy«n Market Bates.
the situation in which the
fordevotittbt
week closes the failure of Gau. Kuropatkin's London
As the
itself.
Irad* 3UU
Jutn Oit' tH't.
Bank BiUi.
St net At 7-14
attack upon the Japanese has somewhat damped the ardor of
a Months SMoi. iMoi. Bank o«:i Day »
S Month*. 1 i)(ont«k<
French operator". Earlier in the week they were inlU.
8
2«®'<'«
6-ie@7-16
clined to hope that the Russians would be successful, and Sept. 16 8 2
l«
1!^
li^
2%®8
3@3i<
"
Z^m 7-16 2^®2^
23 3
they began to buy almost all sscuritia which are
IH IH
therefore
"
30 8
2k®3 5-16 2^®2^ 3 ll-16@29i 2k®25< 8M®3
IH IH
2 3-16®2M
2M®2^ a 9-16® 118
in favor in Paris. Now, however, there is a tendency to Oct. 7 8
18
IH
2^,
''H®m
14 3
2^®2H
greater caution.
:
:
1
m
••
In Germany, on the other hand, there is much activity.
The Bank rate of discount and open market rates at tbe
follows
Trade is exceedingly good and promises to grow better in the chief Continental cities have been as
:
coming year. Speculation is very active, and as the speculators have made considerable money in the American marEven the raisket, they are inclined to pursue their tactics.
ing of the rates of discount and interest by the Imperial
Bank of Germany has not damped their courage. It is generally understood in Berlin that the rise was determined by
the desire of the Governor of the Imperial Bank to warn
speculators that they were going too fast and too far. If
that was the object, it has certainly failed up to the present,
for German operators are as bold as ever.
The general impression here is that if nothing untoward
happets in Paris, the increased activity in that city, in Berlin
and in New York will ultimately give courage to our own
Oct .
Oct .8.
Oct. 16.
Sept . 24,
1.
R»t$* 0'
0p«n
Bank
0j>«»
Rate. Marks
Bate.
Mar kt
Bank
Interest at
3
4
3
B6flin
5
aambarR
6
Frankfort
6
3
Bank
8
4
19<
8H
i
St.Peteribarg..
Kadrld
Cooenhaaen.
4
3
Sraiieli
SH
s%
2%
2«
3
8
8?^
5»
iH
noni
8
3H
6^
iH
4«
3«
6H
4H
4H
4
..
Messrs. Pixley
&
4
3Mi
8
S
nonr.
8
4
3K
2H
2H
3^
nom.
SM.
3Ji
4
4
4
Open
3
4
8M
SH
vmsterdam
Bank
open
Bate. Markei Bat*. Markst
3M
3
3
9H
2«
3«
nom>
4K
4H
3
4
3
4
Abell write as follows under date o
1904:
more confidence felt here October 13,
Gold— With a dally hardening market Ihe price of gold has rlseia
The chief inquiry
now than there has been for nearly two years, and if nothing materially, and Is now quoted at 778, lli4d. lose more for that is for
quarBerlin, and it 6e«m8 likely that the Bank will
untoward happens, it is quite likely that the improvement ter. During the week the Bank has received £30,000 from India, and
which £273.000 is in German gold
which has unquestionably begun will be carried forward. £648,C00 has been withdrawn, of For the week-Arrlvalt': Bombay,
coin aid £200,000 is for Egypt.
Trade is undoubtedly improving, more particularly the Lan- £800,000; South Afrltii, £2.^3,000; West Indies. £26.000; Aastrallft^
£14.orO; West Africa. £4,00n; South America, £B,000; total, £803,cashire cotton trade is exceedingly active, and all the reports 000. Shipments: Bombay, £77,000; Caicntta, £40,000; total, £117,the demand in 000. For month of September— Arrivals: Germany. £5,000; France,
from India and China are to the effect that
Africa, £1,795,000; East
operators.
Undoubtedly there
both countries
is
phenomenally
is
large.
England wisely decided on
Thursday not to raise the rate of discount, even though the
Imperial Bank of Germany had advanced its rate from 4 to
6% and the Bank of Sweden and the Bank of Norway had fol-
The
directors of the
Bank
of
lowed the example. The best opinion in London is that it
will not be necessary to put up the rate unless gold begins to
be shipped from London to New York. At the end of September the demand for money in Germany was enormous.
On the last day of that month there were notes of the Impe-
Bank in circulation to the amount of 15)^ millions sterAt
ling, upon which a duty of 5 per cent had to be paid.
£94,000; West Africa. £51,000; South
Indies. £735,000. ShlomentB: Germany, £697,000; France,
West Afric ij £3,000; East Indies. £389,000.
£45,000;
gUver— The market has again been a quiet one and qnotatlons nave
moved within narrow limits, the hiRhest for cash being 26Hi«d. and
the lowest seifld. The closing prlne is •26\»i.. at which we close quiet
sellers not pressing. Forward naa been quoted 3,g<i. under
the spot price. The Indian quotation is Rs. 67J4 per 100 tolahs. For
the week-Arrlvalt: New York, £159,00J; West Indies, **.OO0; AusJhlpmeute: Bumbay. £67,000; Caltralia. £6 000; total. £169,000,
cutta. £ 1 =>2,000; total, £219.000. For month of September— Arrivals t
Shipmentc: France, £90,000 ;
8. A . £667,00U.
FrancH\ £32,000; U.
but steady,
East Indies, £428,000.
^^
*,
„
Mexican Dollars- The East has stopped selling and tranBactions
have been very small.
The quotations for bullion are reported as follows:
,
rial
the end of the following week, the 7th of October, there
were still nine millions sterling of such notes subject to the
tax. That being so, it is not surprising that the Imperial
Bank advanced its rate to 5 per cent, which barely covers
the tax. The general impression in Berlin is that this week
the return of notes from ciicuiation will be on a very great
scale, and that therefore a comparatively small amount will
be snbject to the tax. Con8^quently, it is anticipated that
in another week or two the whole of the excess of notes will
have returned, and that it will not be necessary for the Im
perlal Bank to raise its rate further.
Moreover, the best opinion, both in Berlin and in London,
appears to be that the German demand for sold is nearly
Germany Is buying all the gold that offers here in
eatitfied.
the open market
But it is not thought probable that she
will take moie gold directly out of the Bank. If she does not,
the belief here is that the rate of discount of the Bank of
England will not be changed. There will be, no doub*-, a
strong demand for gold both for Buenos Ayresand for Egypt,
but that demand has been foreseen for a long tim^ and
preparations have been made to meet it. Provided then,
that gold is not shipped to New York, there is no fear here
that the rate will be chacged. Const quently all markets
here are anticipating fairly cheap money for the remainder of
the year, though it is hoped that the extremely low rates of
the past fortnight will not be maintained.
The India Council offered for tender on Wednesday 50 lacs
of its drafts, and the applications amounted to 393J^ Imcs at
Appliprices ranging from Is. 4d. to Is 4 l-16d, per rupee.
cants for bills at Is. 4 1 32d. and for telegraphic transfers at
Ig. 4 l-16d. per rupee were allotted about 13 per cent of the
amounts applied for. Next week, it is announced, the
amuunl offered for tender will be 60 lacs.
Gold,
Oct.
Oct.
Silver.
Oct.
London Standard.
13.
6.
London Standard.
IS
s.
Bar gold,
fine
cz.
U
d.
77 1»»4
s.
d.
77 10
76 5
8. Kold coln...oz. 76 6>4
Germ'n gold coin. oz. *76 5»4 •76 514
French gold coin. z, •76 5 •76 6
*76 5
c z. '76 5
Japanese yen
(
d
Bar silver, fine... z 2<9,6
Do 2 mo. delivery 2638
Bar 8llver,contal r w
d.
<
—
5 gre. gold
4 grs gold...
3 grs. gold..
Cakei liver
I
Mexican
Nominal.
Oct.
dollar,:,
'
z.
271 i«
'
z.
I
z 2»liie .6111
<
z
28i>(.
z.
..6II1 «
>
^6
The following shows the imports of cereal produce into
the United Kingdom during the six weeks of the new
season compared with previous seasons
IMPOBTS.
1904-5
Imp'tB of wheat, cwt.11,666 800
3,865,800
Barley
l,4f.8,000
Oats..
268, -43
Peas
312,921
Beans
Indian corn
6,876,100
Flour
1,310,000
1903-4
11,470,009
5,874,461
1,518.2H7
424.309
419.678
7,536,008
2,473,688
Supplies available for consumption
on September
1):
1904-5.
1903-4.
Wheat Imported, cwt.11,666,800 11.476,609
Imports
of flour
Bales of
homegrown. a,159,882
1.310,000
2.473,6»8
2,447.034
1902-3.
10,917.198
4,813. .MO
2,381.337
199,681
345,832
3,479.^82
2,266,546
1901 3.
7,635,700
3,616,200
2,390.900
194,800
366,100
6.472. 100
2,406,600
(exclusive of ^tock
1902-3.
10,917.198
2,266.546
2,649,539
1901-27,635.700
2,406 600
4,167,60e>
14,208,905
15,136,682 16.397.331
Total
25b. 90.
25s. ."id.
258. lOd
AvtT.prlce wheat, week. 30i, 2(1.
258. 114,
278. Id.
28s. 4d.
Average price, season. 29p. lid.
The following shows the quantities of wLt.'it, flour and
maiz'j afloat to the Onited Kingdom
1902-3.
1903-4,
Thu wetk. La$t teeek.
1,760.000
1,025,000
2.635.000
qrs. 2.660.000
Wheat
27&.(.0O
380,000
135,000
160.000
Flour, equal to qrs.
860,000
880,000
1,265,000
qrs. 1,220,000
Malze...„
15,833.283
:
:
.
thp: chronicle.
1934
EnslUk Financial Market*— Per
The
Cakle.
dally cloelng qaotations for Becurlties, etc., at
are reported by cable as follows for the
Mon.
Sat
LoirooK.
London
week ending Oct.
Ttui.
Wed.
26i:'u
26l3,f
26i5|e
88B,e
8838
888,8
87%
87%
28:
Br«ad8taff8 Flgarea Brougiit from Pafe 1977. —The
atatementa below are prepared by ns from fignree collected
by the New York Produce Exchange. The recelptB at
Western lake and river ports for the week ending Oct. 22
and since Ang. 1. for each of the last three years have been:
Fri.
KeceipU at—
silver, per
onnoe
26''8
d.
OoDBOlB.,new,2i« p. otu.
8838
887,6
88iiie
For Hocoont
Fr'oh renter (In Parl8)fr. 9»-07»s 9307S 9800
87i«
SpaDlsh 48
87H
4 'a
Anaoonda Mining
514
5
Atch. Top. & Santa Fe. 88'8
8868
SOH
104 1«
Preferred
105»«
105
Baltimore <fe Ohio
9838
9708
9818
Preferred
99
99
b9
13718
Canadian Paolflo
138 14
139
48B8
Chesapeake <fe Ohio
47
47ifl
24i«
Ohio. Great Weeterii... 23
2414
Ohio. Mil. & 8t. PaHl... 1771a
175 •« 177i«
Den. i& Rio Gr.,oom
32
S2
33
Preferred
86
86
87
41''8
Erie, oommon
3878
41
76I4
let preferred
7514
7614
2d preferred
55
56
531s
Illinois Central
li9
149
149
Louisville & Nashville. 140
140
140
Mexican Central
17 1«
18
20
Mo. Kan. ife Tex., com,. 31%
33
31%
Preferred
OOI3
60
61
44I9
Nat RR of Mex..lBtpf. 43
43
138i«
N. Y. Cent. <te Hudson.. 138%
I37I1
N. Y. Ontario & West-. 4414
42%
46%
75i«
Norfolk & Western
7558
76
Preferred
96%
95%
96%
118i«
Northern Securities
122
llSVt
70B8
Pennsylvania
7088
70%
&
Phlla,
Reading*
iBt preferred*
2613,8
8713,8
87i.'i,«
97 62 Si
8t>38
ee-'s
1
5ie
478
8938
87%
104
105
9714
9.S%
Detroit
97
Cleveland
St. Louis ....
Paoria
46%
23%
176
32%
85%
40%
86
31%
38%
72%
75
54
138%
19%
.37
32%
18%
31%
60
59
41%
186%
43%
140
48
47
74%
96%
73%
92
119%
121
42
41%
63%
36%
64T8
37 14
41%
64%
36%
98
96111
85
98
73''8
147%
137%
80%
59
42
73%
96%
44%
x40%
1,819.700
3,611.125
8,627,68ir
~8,594.9B0
4,795,10P
8.471,001
881,864
811.667
624,081
2,555,014
4,371,76f'
8,107,800
i54,U8
8.078,130
4,777,831
78,487.430 87,028. 1?4 62.215,877
6,271. 5aa
68,881.718 46.297 4S0 46.088.28;
100.224,777 22>«5 58H 58.421.424
5.«i9-f.74l
6178
<53%
35
35
97
2178
2038
8438
84%
23
45 1«
69 19
23
45
82
22
44
69%
New
88,645
68
97%
20%
81,147
78.189
40,898
83,n84
4.625
8.196
.
22
Total receipts at porci f rois Jan.
Closed.
Ojrilen
<fe
,
Street Unilways.
<fe Brooklyn (qnar.)
Montreal St By. (quar.)
Union St., New Bedford, Mass. (qnar.)
Coney Island
Bowery (quar.)
City, >fational
"
[
IIIJ"!"
Lincoln National (qnar.)
do
do
(extra)
Nassau (No 103)
N. Y. Nat. Exchange
IIII!!"
\
(quar.) (No.
111.228 383
14,010.838
4^.310,823
135,502,768
8u,82l.^43
483
4,174.051
716.215
88.443,135
86,861,380
4.'.91 .619
2,8^8 740
3,635,328
3,974,768
3.401817
120.656.238
217,83 ;,830
174,128.481
304,980,648
44.167,029
88,64U,801
*•
2
3
4
3
3
3
6
4
2
Nov
Nov
Nov
Nov
Not
Not
Nov
Nov
Oct 28
Oct 26
Nov
Not
Not
Not
Nov
Nov
Nov
Nov
Nov
Nov
Nov
Nov 23
2HI
i'o"2)
American Chicle, com. (monthly)
American Dintnct Teleg
American Glue, com
,
<£s
Power,
II
1
$2
pref. (qua'rl)
pref. (qnar.) (No. 18)
l"*
I
'2
& SanduHky Brew pref. (qnar.) \H
Montana Ore Purchasing (qu.) (No,41) $2
Montreal L., Heat & Power (quar.)...
1
Cleve.
,
National Cartion, pref. qnar )
New England Telep. «fe Teleg (quar.)I'
Pennsylvania
Steel, pref
Pressed Hteel Car, pref. (nuar.)
Standard Milling, ])ref. (No. 3)
Syracu.se
U.
*
%
(No '23)
Oct 31
Oct 31
Oct 21
to
Holders of rec.
Holders of rec.
Oct 27
to
Oct 22
to
Oct 31
Oct 31
Oct 31
Nov 16
Nov
Nov 21
Nov 16
to
to
Nov
1
Oct 81
Holders of reo, Oct 24
Holders of rec. Oct 25*
Nov
1
Not
5
Not
1
to
to
to
Not
Nov
Not
9
15
13
Holders of reo Oct 31'
Not
Not
6
1
to
to
Nov
Nov
IB
14
Holders of reo Oct 21
1»«
Not 8
to
Nov 22
Oct 31 Oct 28
1
to
Oct 31
%!Deo
1 Nov 25
to
Deo 1
1>«|N0T
1 Oct 28
to
Nov I
1 Nov 11
1 ^ Deo
to
Nov SO
1»«1Not 30 Nov 4
to
Nov 80
SHs
(N.Y ) Lighting, com.
&
!
Transfer hooks do not close.
Auction Sales- Hy Messrs. Adrian H. Muller
stocks.
12 Oppenh. Ins'ltnte com. .$3 lot
7
4fi
0ppenh Institute
La MadreCo
*6
$15
pref..
8,8b9,ti49
"
Otrn,
lot
lot
Slocks.
25 Van Norden Trust Co... 203
20 Westchester & Bronx
Title
Co
cm
15C%
N. Y.126
1
|
to a lien of $3,000.
j
SCO Central Bltckhllls Cop-
per Co., $1 each
$50 lot
2 Chemical Nat. Bank. ..4296
100 B'klyn & N. Y. Ferry Co. ft%
& Rook. Bt^aoh
cons. 68 (People's Tr,
Co. receipts)
$6,000 N. Y. & Wllkesb. Coal
Oo. 6b (with all defaulted
$,8000 B'klyn
SO
20
0at«.
Oats.
buik.
88,'>79.<44
14,810
ih,6u4
4,976
8,196
i.ueO
172.85l
8.400
Mawq'rtNawi
Mobile....,
8.047
9,856
8,516
"i;375"
4e.014
49.014
8,500
118,0I8
305,297
122,>*90
381,053
8,000
Bmrlty,
tusk.
10.297
""iSO
JFlour.
34,4'JO
<aw Orleans
Montreal
e$*t.
kuik
68,331
t>oo
8.000
bbU.
47.655
laltlmors
Same
Btt,
iush.
kuth.
Me
tlm«'n8.1,450,823 1,608.886
"
10.960
1,800
87,816
74,208
38.885
29,4^2
8.237
10.297
8,336
Tbe destination of these exports fox the week and
1, 1S04, ii as below
Jaly
JTJsuf.
Aayertf f9r
$int$
W t«h anA1«-
Wksat.
r-
,
Week aineeJulv
Week
Oct. 22.
July 1
antted KinBdOB
Oontlnent
^
bush.
* 0. Amerlea.
Wait Indies.. ..^.
Br.M.Am.Oolo'i
)tkei iouatriei
Total
^Otal 1008-08....
-»
Sin«« July
1,
1804,
—
r—
WeeM
since
Ocrn,
9<M«* Jnly
Oct. Si
,
18C4.
1.
bush.
4,188,447
686,317
3.380
28.478
118 018
805,297
2.187.106
5,010,154
8,0(0
1,460,823
4,743,697
27,55^,436
DulH
t)4Uh.
818.078
135.571
7,800
81.468
6.273 980
4j!3l 786
688
**8.co6
87,849
87,478
61801
388 063
8,8o6
381,053
1,803.(»68
9,073,997
18.001,678
The visible supply ox grain, comprising the stocks in
granary at the principal points of accumulation at l&ke and
••aboard ports, Oct. 22, 1904, was as follows:
Wkeat,
Osra,
Omrnt
(«tt«r«at—
kuik,
^.
New Tork
afloat... ...
Do
Boston
Pklladelphia
Baltimore
New
818,000
108,000
1,460 000
153 000
600,000
123 «
843,000
1,C00
84,000
218,000
1.000
931,000
278,000
698,000
1,416,0(:0
"oocio
'"1,000
'49.000
146 030
163,000
3i,000
897, OJO
..«.
.««.
88 000
108 odo
88 000
91,000
66,000
67.000
Orieant..^...^*.
naiveston
Hontreal
roronto
•vlalo
Do
Do
Detroit
Do
Jiilaaio
Do
.«..
14.f00
1,487 OOJ
216,000
78 000
afloat
I
afloat
614,000
41003
831. boo
37.000
8,282.000
i,4u6',6bb
6,023 000
667,o6u
idiboo
16,000
368,O0()
afloat
'
18.000
afloat
£44,000
<<liwaiiii*e
00
668,000
246 00
,
«float
Fort William
Port Ankur
l,2f8 000
1,185 000
Dalath
3,687.000
Du
8.810,000
161,000
1.763 000
1,000
2,000
5.678 066
1.107.000
140,000
6,000
1,1IR.OOO
40,000
6 000
66 000
'4i6!6bb
1.608.000
nnr
3,000
130 OOJ
2,000
616,000
43,000
906 666
"78.000
176.000
404.000
1^8.000
1904...21,K35,000
1804
23 18. 000
1003. 23.484.000
1902. 28.818,000
1001...4J,704,000
3.440,000
4.109.000
7,324.000
8,488,000
18,636,000
24.4S5,000
23,788 000
1,681.000
1.618.000
1.02 ,000
1,153.000
1,944,000
afloat
tCUmeapoUi
4,<'68."()c6
at.Loaii
8,087,000
afloat
„ Do
SaniaiOitr
Peoria
indianaaollf
1,081,000
..,
'a6i,'66o
'
iBMisslsiisplBlTar
liLakei
l.Sfli.'ofio
>aeanal and river.
RR
ooapona attached)
£,i;09
76,846
40,ii9
4^,416
fktiadelphla.
Toledo
& Son
1 San Prlntlnjr & Publish5 Nat. Surety Co. of
ing Afs'n, .$1.000
»1,800
.50 Bowling Green Tr. Co.
210%
50 Royal Bak.Pow Co.pref.l07
20 Merchants' Exo Nat.Bk.l74'V
65 Amer. Exih. Nat. Bank. 280
6 Market & Fult. Nat. Bk..259''8
60 German-Amfr. Bank
ICII4
25 New Amsterrt Nat. Bk..425
100 Jdurneav & Burnham... 40^4 250 BealtyAsenciares. 13814-140%
80 Norwich Gas & Eleo Oo.
Botids.
168 MadiRon Co Gas &-J3,eo
95,000 Ft. Wayne Gas Co.
trIo.Oo. o im.
1st 68
60
800 Madison Co G is A Eiec. } $28 $10,000 B'klyn & N. Y. Ferry
T^^
°^
Co
(voting trnst
Co, cons. 5H,194fl. F&A
62%
oertlflo'te) sohlsnbj'.ct
Bolton
I
(quarl)
do
pref. (qnar.)
P.
Foundry, pf. (qu.)
8. Steel Corp., pref. (quar.) (No. 14)
do
„ 8.do Iron
tr.
Cast
]
to
to
1803,
17,178,386
33,7.'<0,744
••
Total week..
to
Oct 27
to
Nov 1
Oct 19
to
Nov 2
Holders of reo. Oct 13
Miscellaneous.
Butte Eleo.
Casein Co
1
1
\".'.'
Greenwich
Nov
Nov
Nov
Nov
4
Banks.
Fourteenth Street
Not 10
Not 7Not 8
Nov 9
Nov 9
Holders of rec. Oct 24
]
15
compare as
to Oct. 22
1901
"
"
Portland,
guar.(quar.)
1
18,861.880
bush.
Wit**t,
_
Mantrts from- hush.
;«W York
Railroads (Steam).
Kome Watert'n
:::.::
201,(K>6
1902
Oats
Barley
Com
,
.'
21,300
68,863
2,500
The exports from the teveral seaboard porta for the week
ending Oct. 22, 1904, are shown in the annexed statement
(Days Inclusive.)
-
44.710
17,443,067
1904.
bbl8. 13,864,691
Total eraln....„
10 Nov I
to
30 Holders of rec.
Oct 25
to
10 Nov 3
to
10 Not 3
to
1790
8!$5
14.648
ollowsfor four years:
ditihends.
Not
Nov
1% Nov
S-a Nov
2
Not
3
Not
Nov
Not
18.000
10^3r6
„
Hye
1
70,938
*
Wheat
2'!l
26.340
'
Total week..
.301.17l
484.603
704,877
988.308
eie.flso
46,640
1803
£09 489 8,12B,o80 2,722,157
73«.113
167.840
55,047
Ueoeipti do not inolnde grain passlni; throash New Jrleani for foreUD
ports on through bills of ladine.
Week
82S8
**««i*t««7Flour
Atlantic Coast Line SR., pref
Chesajieake & Ohio (annual)
Cln. Ham <& Dayton, pref. (qnar.)
Ga. 8outUern & FlorWa, i si pref
do
do
do
2d pref
Mexican, Ist pref
Pittsburg Virginia <6 Charleston
S'to.eoo
120,S(iS
16.000
84.530
107,887
8,100
20,800
166,474
'22,878
3,546
654,900
331.286
8L 256
40.119
77:877
42.844
84.070
14,7ir3
.
MobUe
113%
150,600
Orleans*..
Galveston
Montreal
43%
68
128.438
47.074
Richmond
Newport News
41
98
JBooJfc*
84 610,270 3,513 874
91.500 188 2,108,031
17.2 8.77^ 8,618.048
week ended
Baltimore
44%
114%
Per
When
Cent Payable
10,400
487,499 ~7,647,443
6,5S0,U2
824,520
Boston,.
..
Portland. Me .
Philadelphia,.,.
3S
98
22
Company.
83,700
94.800
New York
119
©nmmerciaX mul W^xsccIVaiuous'Mi^vob
oj
13.784
251,8'X
receipts of flour and grain at the seaboard porta for
Oct. 32, 1904, follow:
^(•ur,
varn.
Oati,
Receipts at—
kttak
husk.
ktlfh
k«u..
Piloe per share.
Ifame
7,463
197.000
10)^
saoaci
The
II314
691s
348.800
64
209,700
the
137%
46%
98
45ifl
f8?.000
501,720
22.400
00
S,8S8
1903
1902
18
109'8
21B8
8438
22i«
98.686
273,085
46.808
0^,<
400
1904
69%
97%
111%
97%
48.000
57.379
644.810
85. ICO
etjotvi
658.600
4amewk.'03.
Bamewk.'Oa.
Since Aug. 1.
39%
3738
46
65a,7l8
80.574
Tot, wk. 1904
31%
69%
70%
38%
8i-8.9J9
644.800
010,6^8
402.880
1440X
12,860
84,835
42,160
Bv*.
Kansas City.
175%
54%
52
147
149
25
1,372.380
'.Zt.bOO
141,486
08,851
64.840
Airi*«.
Buih.M lb$ Bu*h.3Zlb Buth.lPlbt Bu.Mlbt
H,090
7.000
18.29J
. .
45%
OaU.
Corn.
1
8,il63,780
Toledo
1136% 132%
176%
4514
Minneapolis.
88%
104%
98
;
47%
23%
89
5
Wheat
Flour.
BiiU.llMU>i Bu*K.eOl'i,^
Chloago
169,036
l,0e2,4'^5
Uilwaakee..
73.876
469,974
ISS.OOO
Dalnth
1.8«,U8
96%
99%
138%
4514
45i«
2d preferred *
4214
Southern Paolflo
t4i4
Southern Rallw., cum.. 86I3
98i«
Preferred
Union Paolflo
llOBs
Preferred
98
U. 8. Steel Corp., com.. 2lis
Preferred
84
22i«
Wabash
45i«
Preferred
Debenture "B"
69>4
*
8tji«
97-92 1« 97-65
39%
40
(Vol. Lxxix.
Total
Total
Total
Total
Total
Cot.
Oct.
OcU
Oct.
Oct.
82,
16,
94,
25.
26,
.
7««a,000
7,835.000
8,847,000
1
83C00
1,679.000
408,000
6,<162,000
6.618,000
e,0&8.00t>
8.000
8,820,000
3,1'
.
.
Oct.
THE CHRONICLE.
29, 1904.J
>'ew Xork City Clearing House Banks.—Statement of
condition for the week ending Oct. 33, 1904, based on average of daily results.
We omit two ciphers COO) in all cases.
1935
—
.New York City, Boston and Philadelphia Banks. Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
We omit tico ciphers (00) in all these figures.
is
Cavitald'
BANKS.
^
(
Surplus.
Capital.
Zoans.
Specie.
Legals.
i
Deposits Me.
Loans.
Specie.
Legals.
De-
Circu-
pogits.f
lation.
11430339
11459892
11340134
11379304
244,367,1
237,503,5
237.745,0
240,215,5
79,745,6
76,452,4
76,522,3
77,587,6
12127971
12052760
11932377
11997967
62,635,4 176.342,0
62,635,4 178,363,0
62,636,4 180,789,0
16,208,0
17,839,0
18,383,0
..
BANKS Surplus.
r,
•
.
,
.«
Clearings.
s've.
P.O.
Bk. of N. T
Manhat. Co
Merchants'
Mechanic*'.
America
Phoenix
...
City
Chemical ..
Merch. Ex
.
GaUatm
But.
& Drov
Mech.&Tra
Greenwich
Amer.Exch
Commerce..
Mercantile
Pacific
Chatham
...
...
People's
N. America
Hanorer
...
Irving
Citizens'
..
Nassau
Mar.& Full.
Shoe ifeLthr.
Corn E'.ch .
Oriental
...
Imp. & Trart
Park
Bast P.iver
Fourth
Secontl
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Fifth Ave..
German Kx.
Germania
..
Lincoln
Garfield
Fifth
Bk. ofMet..
West
Side..
Seabo.ird
..
IstN.Hklyn
Liberty
N. Y. Pr.
New
Ex
Amst.
Aator
2,000,0
2,050.0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
6,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,650,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000.0
300.0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
500,0
850,0
2,52'2,8
19,658,0
28,252,0
17,297,4
23,118,0
26,229,9
3,459,0
186,621,8
24,940,0
6,067.6
8,967,6
2,223,8
4,756,0
2,653.6
80,604,0
2,416,6
1.364,7
3,281,5
3,656,4
250,2
17,667,2
7,691.6
358,7
2,262,7
123,0
357,7
539,6
4,271,8
11,873,1 16.8,130,5
4,361.5 23,680,9
625,0
3,127,9
1,087,6
6.142.7
408,9
2,242,9
2,035,2 17,690,5
6,645,1 60,709,2
1,062,1
7,079,0
616,8 17,864,9
321,4
2,649,9
1,297,3
6,730,8
359,7
7,327,0
3,318,6 27,949,0
1,058,3
7,697,6
6,605,2 24,976,0
7,064,2 76,136,0
133,0
1,12S,.3
2,943,3 22,244,7
1,426,6
9.337,0
13,932,7 106,140,8
869,1
7,606,7
773,4
3,112,0
667,9
4,661,6
617,3
3,795,5
4,034,2 48,964,7
9,287,1
1,786.4
682,7
2,703,4
878,3
2,929,7
1,370,2 11,848.6
1,284,1
7,774,1
379.2
2,614,7
1,456,3
8,424,7
528,9
3,609,0
1,409,6 15,607,0
601,1
4,161,0
1,932,4 11,574,4
518,3
5,501,7
554,7
6.048,4
67ii,5
4,4b7,0
3,028,0 1,901,0 19.191
6,864,0 2,288,0 33,967
4,211,6 1,333,0 21,614
5,011,0 1,683,0 24.577
6,788,6 2,34(>,8 30,12li
500,0
225,0
2,904
39,928,2 8.3.09,7 184.779
7.281,7 1,840.8 26,498
664,3
1,383,0
6,867
1,195,1
658,9
6,965
491,0
29,3
2,166
671,0
5,219
484,0
695,4
2,780,
476,0
4.391,0 1,840,0 23,873,
28,553,0 12,142,1 160,284
4,639,6 1,249,6 21,493
430,9
482,9
3,943,
823,7
894,8
0,251,
275,0
313,6
2,521,
2,429,2 1,915,2 17,060
16,409,7 3,668,4 66,116.
349,8
1,230,8
6,565.
4,316,3 1,329,7 21,337,
278,7
391,3
3,107
1,247.9
720,7
6,916,
1,822,8
393,6
8,776
4.702,0 4,212,0 34,297
1,373,1
397,7
7,667
4,374,0 1,393.0 22,693
18,117,0 6,533,0 89,311,
264,3
182,5
1,385
4,222,1 2,164,5 25,275,
1,120,0 1,509,0 10.011.
2fi,971,6 2,291,0 107,.'43
1,312,0
470,4
6,934,
383,0
366,0
3,504
5.3(U.
879,6
439,7
658,6
226,2
3.637,
13,459,0 1,985,6 59,210.
217,8 10,208,
2,430,6
201,0
618,0
3,280,
430,8
819,2
5,459
1,195,2 1,813,5 12,481,
310,3
1,908,0
8,225
466,2
166,7
2,642
433,4
1,982,8
9,792,
675,0
321,0
3,941,
8,123,0 1.594,0 18,523,
4,86:-!,
669,0 1,063,0
249,0 10,387,
2,523,3
990,3
346,1
6,837,
1,063,0
601,5
7,085,
885,0
188,0
4,345,
25-6
26-9
25-6
26-8
26 9
24-9
26-1
33-6
•.'8
-3
25-1
24-0
22-1
42 1
26-1
25-3
27-3
23-1
27-4
23-3
25-4
30-3
24-0
26-4
21-5
28-4
25-2
25-9
231
26-4
26-4
32-2
25-2
26-2
27-2
25-7
21-3
-'4 6
24-3
26()
25-9
24-9
22-9
24-1
26-9
23-9
24-1
25-2
t
i
Total United States deposits included, $23,322,200.
Reports of Non-3Iember Banks.
—The
following
$
250,616,2
250,616,2
250,616,2
250,616,2
40,576,0 1,353,708.1
41,791. 1.713,612,8
42,288,0 1,515.867.6
42,990,8 1,883,097,1
5,222,0 221,329,0
5,335.0 225,251,0
5,694,0 225,789,0
7,428,0
7,411,0
7,418,0
the
statement of condition of the non-member banks for the
week ending Oct. 22, 1904, based on average of daily results.
We omit two ciphers (00) in all cases.
Pliila.
72,231,0
257,384,0 11,447,0 128,965,0
Oct 8 48,167,1 207,039,0
71,.'>83,0
258,739,0 11,611,0 119.002.4
Oct 15 48,167,1 207,910,0
69,732,0
259.381.0 11.698,0 137,187,0
Oct 22 48,167,1 210,247.0
t Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston the.se Government deposits
amounted on Oct. 22 to $3,764,000 on Oct. 15 to $3,756,000.
;
—
Imports and Exports for the Week. The following are
New York for the "week ending for dry goods
Oct. 80 and for the week ending for general merchandise
the imports at
Oct. 21
;
week January.
also totals since beginning first
FOREIGN IMPORTS.
l^week.
1904.
1903.
1902.
$2,291,962
10,114,201
$2,5ii9,038
9,:-i29,512
$1,885,173
9,802,368
$13,421,024
$12,406,163
$11,898,650
$11,687,641
$97,710,715 n07,552,168 $101,815,650
381.543,183 371,700,201 362,727,067
$86,609,824
363,104,442
General Merchandise
TotaL
Since Jaau
1,
Dry Goods
General Merchandise
$479,253,898 $479,252,369 $454,542,617 $449,614,266
Total 42 weekfl
for one week later will be found
dry goods trade.
a statement of the exports (exclusive of
The imports of dry goods
in our report of the
The following is
from the port of New York to foreign ports
week ending Oct. 24, and from January 1 to date.
EXPORTS FROM NEW YORK FOR THE WEEK.
specie)
1904.
1903.
Stir.
TjOfinR A:
OOs omitted.
tals
plus.
Invest-
ments.
is
Leg. T.
Net
Specie.
tScBank Clear'g Other Deposits
Notes. Agent. Bks.&c
N. Y. Cnr.
Boroughs 0/
Man&Brnx
Colonial
Columbia
..
14th Street.
Gansevoort.
Hamilton ..
Mt. Morris
Mutual ....
19lh Ward
Plaza
Kiverside ..
State
12th Ward
23d Ward ..
.
.
YorkvUle
..
Fidelity
Jetlerson
..
Century ...
Wash. Hrts
United Nat.
ConsoL Nat.
Tlnion
Exch
Oielsea Kx.
$
70,9
268,0
79,2
32,6
162,8
119,6
21,2
39,2
184,0
15.1
521,0
41,0
58,'.^
46,2
13,2
8,3
27,3
12,3
245,5
376,2
$
218,9
166,0
98,6
150,7
116,7
105,6
282,7
164,3
169,0
95,6
262,0
226,0
160.5
811,1
48,1
84,6
28,6
24,5
66,5
42,1
$
422,4
406,0
194,1
196,8
98.8
280,7
146,9
397,7
699,0
71,8
267,0
280,0
139,5
317,6
68,4
224,8
34,2
399,4
686,5
47,9
217,9
22,0
111,2
846,6
212,7
«.8
200,0
127,0
17,8
264,6
251,8
61,7
570,3
80,7
717,8
610,5
743,9
82,5
214,4
856,0 830,0
429.0 1,011,0
47,2
83,6
114,8
160,6
101, SI
61.0
23.0
834,0
89,7
148,5
31,4
45,3
108,0
187,4
15,7
$
3.067,7
5,298,0
2,264,5
2.320,2
3,583,7
2,906,8
2,896,0
2,400,3
3,581,0
1,427,0
3,0
60,0
96.3
300,0
55,5
55,5
432,1
i83,4
894,0
9,:i02,0
2,260.0
1,915,9
2,495,4
822,1
2,145,6
745,3
636,8
1,246,3
2,616,0
5,025.2
447,0
273,6
228,4
5,9
91,7
78,1
89,8
128,6
21,8
Borough 0/
$
368.5
126.0
33,3
26,8
Brooklyn.
Broadway
Brooklyn
.
..
Mtrs-'Nat..
Mechaaics'
Morchantfl'.
Na.ssau Nat
Nat. City ..
North Side.
Peoples
17th Ward
8pra(?neNat
.
Union
Wallabout
Borough
.
...
150,0
300.0
202,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
837,0
161,3
681,6
407,3
63,3
741,5
589,9
162,2
184,7
89,6
233,8
116,0
84,4
91,8
2,305,9
1,679,7
3,166,9
100,0
110,8
754,1
04,7
400,0 1,057,6
3,709,8
187,7
260,0
250,0
200,0
651,8
261.1
292,8
2,260,6
1,261,6
1,405,0
67,3
70,2
44,1
76,4
110,0
125,0
5.19.8
2,295,7
1.165,7
107,2
46,6
33,2
7,35M
1,155,9
5,696,0
3,332,0
1,270,6
1,486,4
660,0
1,254,0
1,128,2
807,4
1,697,8
66,3
12,0
138,0
44,8
54,0
21,0
1902.
1901.
.$9,295,312
.'f;10,195,821
Previously reported..
385,191,802
399,002.866
383,611,201
$10,637,626
410,929.541
Total 42 weeks
$396,076,893 $408,298,178 .f39:'>,807,022 $421,567,167
NOTE. 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 shaU from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
—
The following table shows the exports and imports of
specie at the port of New York for the week ending Oct. 22
and since Jan. 1,1904, and for the corresponding periods in
1903 and 1902.
NEW YORK
EXPORTS AND IMPORTS OP SPECIE AT
Gold.
22,3
61,2
72,0
2,490,6
2.045.5
3,892,9
8,810,6
1,383.2
36,0
Great Britain
France
^19,637,476
41,305,126
.
Second Nat.
Third Nat..
All other countries.
Total 1904
Total 1903
Total 1902
Silver.
Great Britain
.$73,925,673
$17,000
207,600
Second Nat.
32,947,218
26.230,985
10,943
6,81
14,490
21,3.S3
1.
$2,047,346
2,710.047
1,633,993
646.969
93,026
918,989
112,188
$456,143
38.347
235,641
!,
163.456
19 1.1 66
>,086,375
r,
$692,629 $28,902,262
$536
1,596,369
25,800
205,743
48,600
1,399.825
10,423
$4,500
15,564
10,511
140,112
445,669
195,985
47,173
$592,629 $32,189,022
931,395
25,148,993
817,844
27,655,315
France
$35,727
23,970
13.717
Germany
West Indies
Mexico
South America
All other countries..
Total 1904.
Total 1903.
Total 1902.
9,1,S«
1,063
14,600
$849,160
1,394,881
994,096
Of the above imports for the week in 1904, $9,343 were
American gold coin and $4,500 American silver coin. Of the
exports during the same time, $
were American gold
com and $
were American silver coin.
1.784,8
809,1
1,1 08,0
—See page preceding.
l,3i;4.2
166,9
142,9
31,0
647,5
177,1
47,9
—
Aoction Sales.
Spencer Trask
1,6.^0,1
9.i7,3
&
Co.
Monthly Descriptive List of High-Grade
1,852,3
INVESTMENT BONDS.
10,0
220,6
874,1
298,1 2,402,8 1,505,0
61,2
16,1
182,9
233,5
643,0
6,688,6
69,3
11,2
1,831,7
4,9
1.826,7
209,9 1,286,1
77,6
72,0
Transact a general banking business and execute
stock and bond orders upon the
New York Stock Exchange.
Branch Office, Albany, N.Y.
William and I'ino St?., New York,
8.638,2
l.J7ii,9
Moffat
HOBOKKN.
Itr.t.Nat...
$402,665
since Jan.
4.674.0
16'.t.2
JerskvCitv
Uudsoii Co
National
Week.
7,229,401
1,610,395
4,140,275
3,000
Mexico
South America
flornv</li of
First .Nat...
1
5,94.i,0
328.0
Imports.
Since J an.
Week.
Richmond.
l9tNat.,!<.I.
i,h.9
.$10,88.5,091
Germany
West Indies
.«
S
$
100,0
243,1 2,327,1
291,8 6,048,0
800,0
110,7 .1,972,7
100,0
200,0
81,9 1,980,0
200,0
123,3 3,142,0
250,0
118,9 2,273,1
200,0
193,0 2,741,5
200,0
195,8 1,778,0
100,0
245,0 2,966,0
106,6 1,227,8
100,0
682,2 7,893,0
100,0
200,0
114,3 1,699,0
105,4 1,394,1
100,0
100,0
285,3 1,898,8
122,5
833,3
200,0
400,0 304,0 2,253,7
701,6
63,3
100,0
135,2
675,0
100,0
130,2 2,136,2
1.000.0
1,000,0 1,129,9 3,902,4
517,4 4,773,5
750.0
399,7
61,1
100,0
for
For the week
Deposit with
Capi-
1901.
$2,458,849
10,962,175
Dry Goods
Exports.
BANKS
135,333,3
139,038,4
145.139,2
5-4
35*6
26-6
22-9
23-3
24-6
Total... 115,972,7 134,643,5 11379304 240,215,6 77.687,6 11997967 26-4
t
N. Y.
Oct 1
Oct 8
Oct 15
Oct 22
Bos.
Oct 8
Oct 16
Oct 22
165,0
81,1
Tot. Oct 22 102370 122796 99,765.2 4,561,2 5,984.0 146475 7,954,.'! 157078
Tot. Oct 15 101.i70 12-.il85 98,7«1,5 4,526,0 6.106,9 141614 7,942.1') 1152037
Tou Oct 8 101370 122186 97,918,3 4,291,3 5,961,2 156294 8,300.0 1168460
I
1
&
White,
New VorU
Hlock Kxclinnso,
NASSAU STREET. COHNKIl WAM..
Wrinbprs
i,io.-.,o
i>enlcrH in liivcHtmcnt Kccuritle*.
TeU
5eiaCoJa21
CurtlanJu
Tcieptaone Stock*
m.
Hpeclaltr.
,
THE CHRONICLE.
19:{G
United States Bonds.— No sales of Government bonds
have been reported at the Board this week. The following
are the daily closing quotations; for yearly range see thira
page following:
^xtzttU.
IBanlijers'
For DititUndi tei page igu-
WAM.
[Vol. lxxix.
HTKEKT, FIIIUAY. OCT. '^^<. l»04.-a P. M.
Market and I'Mnanelal Sitaation. The vol-
Oct.
Oct
Oct.
Oct.
Oct
OcL
PtrUdt
33
34
36
36
3?
38
of businoss at the Stock Exfhanfje has been larg»-ly i:i ex«a,19»o
registered Q-Jan •104H *1''4»« •104»< •104^ •104»« •104»«
cess of that of last week, which, as then noted, was exception- la, 1980
oonpoD Q-Jac •104»4 •104»« •104»« •104»4 • 104»« •104H
.....
ally large.
The advance movement of prices received a set- la, 1980,amaJ.reglatered .... .. ..
ooapon
back early in the week. This was due primarily to the la, 1980, amall reglatered Q-irVb •104'% •ioih •iriS •io4% •ic4H 'Vis
la, 1918
North Sea incident, with which all are familiar, and sec- la, 1918
oonpon Q-Feb '106H
*106H •l.J6«S •IC6«8 •l'J6S
ondly to the tffect of that incident on the European money la, 1918, amall.reglatered Q-Feb *i06' *i06" •ioe" •ioe" •106' •ioe"
oonpon Q-Feb
la, 1918, amall
markets and the beginning of gold exports from this coun- 4a, 1907
registered Q-Jan '106 >« •106S -106>» •106»« •106 >« •106'«
oonpoD Q-Jan '106 >« •1064 •106H '106'* •106 Hj •10fl><j
try.
There was, moreover, a somewhat firmer local money 4a, 1907
registered Q-Feb •liC^ •130S •130S •130S •i:0H
4a, 1926
market, suggesting the possibilities of the future.
ooapon Q - Feb •ISIS 131S •181S •131^ •IBIOb •liiH
4a, 1996
In view of the extent of the recent aivance, which
•TUlali Uie prloe blA at tlie monilng tooard: no $mit waa made.
amounted to an average of about thirty points for twenty of
the best known and most prominent issues dealt in on the
Railroad and JHIscellaneous Stocks. Unusual activity
Exchange, it is easy to imagine that a reaction might have
has continued throughout the week in the stock market, acbeen started by events of much less importance than those
companied by a general tendency to lower prices until to-day.
mentioned. The foreign diplomatic situation seems to be
exceptions to
much less ominous to-day, however, and there has been a There were, however, some notable advanced daythis tendency,
by day. On
a few issues having persistently
sharp recovery in security prices.
Tuesday the volume of business was the largest and in most
The engagements of gold for Europe amount to $3,283,000.
cases qu" tations were the highest of the week and of the
The open market rates for oall loans on the ijtook £ixchange recent upward movement; but before the close a reaction
daring the week on atook and bond collaterals have ranged set in, stimulated, as noted above, by the North Sea incident
from \% to 2,% p. o. To-day's rates on call were 3 to 23^ and the announcement of engagements of gold for export.
Prime commercial paper quoted at 4@4J^ p. o. to The tone was reversed to-day, however, on the less threatp. 0.
endorsements and 4(24V^ p. c. for best single names.
ening attitude abroad, and a substantial part of the decline
The
Moii*»y
Int4r*$t
ume
TOS
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £232,889 and the percent
age of reserve to liabilities was f 3 88, against 56'53 last week
the discount rate remaining unchanged at 3 per cent. Tbt
Bank of France shows a decrease of 2,025,000 francs ii
gold and 625,000 franos in silver.
HEW TORK OITT OLBABINO-HOUBI) BARKB.
l>iff*r4nt»t
1904
OeL 39
pmieus M««A
BMerrelield
S6 p. 0. ot deposits
317,808,100 Ino
299,949,176 Ine
&
1909
35
Oct.
116 672.70(
129,874 30.
100672, 7i»
3.917,0J<>
702,8i»0
6,6e9,0()C
907 099,000
870,977,60(1
40,128,901'
882.6M6.S0(!
2,470 500
1,066,300
l71,7o6,6'Jt
68,666.6'>'
169.032,5('i
3,B35,8»'.
240,373.100
222,428,660
238,462, 8"
Okpltal
Siirplna
116,972,700
134,643.600
Loans A dlaooanta 1,137,9:S0 400 Inc
Olrcnlation
42 991), 800 IBO
1,199,796 700 Ino
Net deposita
Specie
240,2] 5 600 Inc
Degal tenders
77,687,600 Ino
1903
24
Oct.
1,639,760
46.8t>2,6ai
889,714.600
Lackawanna led
of the last few days has been recovered.
this recover}' by an advance of over 20 points, followed by
Delaware
Hudson with a gain of over 7 points.
Union Pacific has been the most prominent feature. Nearly
340,000 shar' s were traded in on Tuesday, some as high as 112.
Rutland preferred sold 21 points higher than at the last
previous sale, which was near the end of September. All
the coal stocks have been strong except Reading, which has
The local
lost a considerable part of its recent advance.
transportation issues have been weak.
Industrial stocks have generally followed the course of
railway shares, although there h ve been some notable
exceptions. U. S. Steel was freely offered on the decline.
117.687,9(!i
69.420 SO
220,671,335
17,8I<3.925 In<
1,896,060
17.944 450
17,781.476
Burplns reserve
' 928,832,200 United States deposits inoladed, against $23,262,700 last
week and {87,200,400 the corresponding week of 1903. With thev
United atates lepoalts eUmlnate<l,the8arplaBreseryewoald be (23,684,475
on Oct. 22 and $21,773,660 oi: Oct. 16.
IffOTK.— Beturnsof seoarate banksappear on thepreoedlng page.
—
Foreign Excbantire. The foreign exchange market w? s
strong this week, influenced by the tense conditions abroad,
resulting from the North Sea incident and by an urgent
demand to cover m turing obligations. Gold exports were
$3,283,376 96 to Paris.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84i^@4 85 for sixty day and 4 87@4 87i^ for sight. Today's (Friday's) actual rates for sterling exchange were
4 8405@4 8415 for long, 4 8680@4 8685 for short and 4 8710c«
4 8715 for cables. Commercial on banks, 4 8375@4 8390, and
documents for payment, 4 83i^@4 843^. Cotton for payment,
4 83i^@4 833^; cotton for acceptance, 4 8375@4 8390, and grain
for payment, 4 84;^^(a4 84 1-^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 18ys*(S5 \8% for long and 5 155^*@5 155^t for shor
Germany bankers' marks were 95f(a95** for long and
955^(0,95 ll-16t for short. Amsterdam bankers' guilders were
40i^^@40 3-16t for long and 40%@403^** for short.
Exchange at Paris on London to-day, 25 f. lie; week's
range, 25 f. lie. high and 25 f. lOc. low.
The week's range for exchange rates follows
The copper stocks and American Smelting & Refining have^
been strong. Pressfd Steel Car suffered a decline of 7^^
points on announcement that the dividend will be passed.
For daily volume of busineaa seepage 194S.
The following sales have occurred this week of shares not
represented in our detailed list on the pases whioh follow.
STOCKS
Wetit
Xnding
Oct.
28
AlUs-CbaUners Co
146
Cable..
new
275
pf 8,680
Assoc Merchants, Ist prf
Canadian Pacific rights.
Distil Co of America, pf
Homestake Mining
Knlck Ice (Chicago)
<6
Stamping..
20
iO
20('
Dock Co
N Y A N J Telephone
United Fmlt Co
Va Iron Coal & Coke
1,00'
20
Preferred
NY
26('
10,200
100
Preferred
Nat Enam
6140ot
1,40
l,2it
Preferred
Co,
16
60>2Oct 22
3<j0
Steel Foandrles
<ft
13V>Oot22
800
90
American Coal
Amer Teleg
Amer Tobao
Smng* for Wt*M
3,678
Preferred
Amer Aprlcnl Cbem
Amer Beei Sngar
Am
for
100
...
S*»f «
fiiM« Jan. 1,
Week
17!>
101
600
6 Mat 16 Fel^
S9>aMarl 64% Feb
13 Mar 21>80ot
19 Sep 24 Oot
26 180 Oct 230 May
Got 24
201^00122 amOct
23 Oct 26 24 Oct
180 Oct 26 180 Oct
S Oct 24
36 Cot 22 87 Got
92 Oct 22 92'«Gct
86 Oct 28 geVjOot
90 Oct 2H 92 Oct
6 Oct 27
BSOct
24
24
V8
24
22
a»
28
-ii-
3>»J'n*|
J'ly
26
82
Jan
86 Got
90 Got
6 Got
39 Sep
93 Sep
86>«Got
92>sApr
6\O0C
40»«Oot 40>«Oot
40>«Oct 25 40i«Oct 25
49w,Mar 68NGot
5S>4O0t 2B S5'«Oct -«
12 Oct 22 12 Got 22
8 Sep 12>aOot
48<*Jai
64 Oct 27 64 Oct 21
66 Oot
14 Sep 21 Jam
16'i:Oct27 17340012^
76 J'ly 83 Jan
82 Oct 26 82 Got 26
20 Apr
14 Oct 26 14 Got 26
14 Oct
157'sOct 26 168>4 0ot 24 140 Feb 15«',Oot
106 Oct 25 If 5 Oct 25
96 Feb li2>«J'n*25 Got 22 27 Oct 2'2
iSHiSep 27 Oot
.
Outside Market. — There have been some interesting featnres in the market for unlisted securities this week, chief of
which was the rise to a new high record of Northern SecuriTrading has been on a moderately active scale.
ties stock.
On a rep tition of rumors of a possible settlement of the
differences between the Harriman and the Hill interests, the
-Short.-Long.-Cablet.
shares of the Northern Securities Co. rose 413 points early in
—
Sterling Actual
the week to.llOi:^, and after a reaction which carried the
'9 4 8416
Hlgb... 4 8405
4a680 a 4 8685
4 8710 9 4 8716
price down to 1143^ on Thursday there was a recovery to-day
ni 4 8606
Low. .. 4 H376
® 4 8386
4 86
4 8636 -a 4 8640
to l'i7%', the close was at liOJ^; total transactions for
ParU Bankers' France—
High... 6 IS",*
a» 6 18>«
6 161%- a 5 lei^t
the week in this stock aggregated, it is estimated,
Low. .. 6 18»4
-a 6 18>«
6 16'«t 3> 6 16>«
about 67,000 shares. There has been considerable activityin
Qermany Bankers' Marks—
Erie convertible 4s at prices ranging from 90 to 92i^. The
95>
High...
® 95'^
96<%
a> 9511 et
International Mercantile
last sale to-day was at 91:^g.
Low....
94^8
^ 94»ia
® 96'^t
96»i.
Jlarine issues enjoyed a sharp rise. The common advanced
Atntterdam Bankers' Ouilders•» 40^**
HlKh...
» 408,et
40»,1i
40^
from 63^ to 5')4^, and after a reaction to 7J^ it rose again toLow... .
40'«
a 40>,i;
-a 40%*
40»i«Tl
day to b}^. The preferred moved up 4^8 points, to 25i^, and
i|, of 1%. t »,, oJ 1%. Pins: TI»i« of 1%. ••>»«ofl%.
Less: •iieofio^
after some reaction closed to-day at 2i%. American TobacThe following were the rates for domestic exchange on co preferred "when issued" lost S^£ points, to 85, but today
New fork at the under-mentioned cities to-day .-Savannal,, it moved up to '•7. The new 4s "when issued'" dropped
buying, 50o. per $1,000 discount; selling, 75c. per $1,000 pre- from 65 to Q'i]^. The 6s "when issued" fluctuated between
mium; Oharleston 12i^c. per $1,000 premium; New Orleans- 107 and 108^4 and ended the week at 10733. Mexican Govbank, 75c. per fl-fOO discount; oommerolal, $1 10(a$l CO per ernment 4s, the new issue recently taken by Speyer & Co.,
$1,000 discount; Chicago, 5c. per $1,000 discount; St. Loui'
sold between 933;<^ and 91 ^g and closed today at the low
10c. per $1,000 discount; San Francisco, 75c. per $1,000 figure.
Interborough Rapid Transit decline 1 from IfilJ^ to
premium.
15i?4'.
Tbe Subway opening occurred yesterday, and today
Mate and Railroad Bond?.- Sales of State bonds at the the stock sold up to 160, but closed a point lower MergenBoard Include $16,000 Tennessee settlement 3s at 96, $15,000 thaler-Horton Basket Machine dropped from 121.^ to 9^.
District of Columbia 3-659 at 119K and $10,000 Virginia 6s The final sale to-day \'^as at 9^^. Greene Consolidated
deferred trust receipts at 73^.
Copper rose 1^ to 207^. Tennessee Copper advanced from
The market for railway bonds has displayed great activity, 325,^ to 3333 in the early trading, but subsequently it ran off
due largely to enormous Irading in a few issues, of which to'29.
Union Pacific conver. 4s were by far the most conspicuous.
Outside quotations will he found on page 1943.
I
I
|
I
I
I
I
I
I
I
I
I
I
I
I
I
I
1
•
j
—
S
s
.
>
STOCES-HiailKST AND LOWEST SAL£ PRICES
^4
Oct.
Thursday
Oct. S7
Tv.'fday
Monday
25
Oct.
1
Stock Exchange -Stock Record, Daily, Weekly and Yearly
onrrPYiNfi two pages
New York
Saturiiav
Oct. aa
4
STOCKS
XKW YORE STOCK
friday
Oct.
Sales
(y<\
tor
Highest
Lowest
Shares
tor I^eviout
Year (1903)
Range
Sear 1U04
basis of 100-share lots
Week
EXCHANGE
28
Range
01
the
Highest
Lowest
Railroads.
100 25 J'lyll 32 Oct 19 25 Dec 41 Jan
30
Ann .\rbor.
54 4 Dec 69 Jan
35 3493. j'ne 8 64 Sep 2
Do pre!
64
„
•60
64
2
884 Oct 25 54 Aug 89 % Jan
-60
64
• 6(1
64
84"% 8534
Atch. Topeka & Santa Fe. 23 ^,147 64 Feb
85% 86 4
8618
8618 88I4
85^4 87
15,714 g7SgJan 6 102% Oct 20 8438 Aug 1034 Jan
86H 86
Do pref
101 14 10:14 1001210134 101% 102
6,625 104 4 Feb 18 I4140ct2^ 106 Dec 126 May
101^4 102i« 101'4l02l4 10134 lu23b 138
139 140 Atlantic Coast Line BB..
140
1371a 138
140 140^4
65,995 72%Marl4 95% Oct 22 71% Sep 104 Jan
13i"4l4n. 140 141
934 94% Baltimore <& Ohio
9388
92
9334 it4'g
95'^;
94"^
9438 95
630 87% Feb 19 96 4 Oct 19 8234 J'ly 9634 Feb
95»|
94
•94
•94
96
Do pref
96
96
96% 96"% 96
29 Sep 7 1 Feb
69%
96
96
JHr)^4 95364»8 66I4
65% 664 Brooklyn Rapid Transit 119,890 38 Feb 24 160 Oct 22 121 4 Nov 150 % Feb
6638 6818
8718 69
Oct 3
6734 69
1184 Mar 2
68^4 e9%
150 159 Buttalo Rooh. & Pittsb'g.
160 159 *150 169
155 159
}1354J'Jie24 165 Oct 3 140 Sep 160 Feb
155 159
•105 159
157 165
Do pref
157 165
157 165
•157 165
157 165
85 Aug 1 89 Aug2S
Itia
•lot)
•82
-82
88ii2
881-2
88 4 Buffalo & Susque, pref
•83
88 H. *83
*83
88
37,-170 109 4Marl2 13334 Oct 25 i"l.5% Oct 13334 Feb
•83
/ lanadlan Pacific
184'% 13534 134i4i;<5i4 *127ii2l283t 127% 131"
57 4 Sep 784 Jan
I31I4I354
1,^00 64 Apr 29 69 Sep 15
133 135
V 'anaila Southern
67 14 •67 4 68
67'
67% 68
eS'^s 68'4
Oct 17 153 Oct 190 Jan
1.891) 1544 Feb 2(i L85
08% 68»8 6S-',
68
182% 185 4 Central ot New Jersey...
182 182
l?3i2 4183 183
1831a
182 184
79,145 284 Marl4 474 Oct 25 274 Nov 534 Jan
41So 183
44
44
44% 454 Chesapeake & Ohio
46"%
45
4618 471,
45 '8 47
500 33 Jan 15 42 Aug29 184 Sep 374 Jan
45 V; 46'<!
•38
39
38 4 Chlc»j?o<fc Alton
37=8 ^"^h •37
38 14
38
"37
39>2
75 Jan 2 85 4 Jan 21 60 Sep 754 Deo
38
38
•80
•80
85
85
Do pref
85
*8U
•80
85
•80
86
»80
86
5181 Jan 18 J1S2 Jan 14 }170 J'ly 5184 Mar
190 210 190 210 Chicago Burl & Qnincy
190 210
190 210
190 210
124 Feb 11 143 Oct 15 105 J'ly 1384 Jan
•19(1
210
'128 145
Chicago <fe East. 111., pref.
130 145
130 145
Jan
-•loH 145
25 Chicago G^reat Western.. 160,011 12% J'ne 8 25 Oct 28 13 Auk 29% Jan
24
21111 24
2238 23«,
22 14 24 12
24
23
804-^''? 13 86 4 Apr 12 83 4 Sep 90%
22\ '.'41;
•85
•82
87
"
90
Do 4 p. c. debentures
•82
90
•85
87
*85
87
71 Jan 23 63 Oct 854 Jan
900 47 U; J'ne
86
85
•53
63 4 63 4
Do 5 p. c. pref. "A".. 6,400 •20 J'ne 6 34 Oct 28 24 Sep 46% Feb
63
62 4 63
6314
63
6;i'4 63 ^2
(,2"^ i;2>i2
30I4 3212
32 4 34
Do 4 p. c. pref. "B".31 Hi
3^12
30
31
Jan
Aug
33
32
_
33',
3-2''s
17041724 Chicago Milw. & St. Paul. 259,420 137 4^^1'-'* 175 4 Oct 25 1334 Aug 183 4 Jan
172'^ 171'^175i4 170^4 17314 I6S79I71
1944
171
490 173 Mar 4 185%Oct2ri 168
17()'8l72',
I8O34 '181
184
Do pref
a8034
184'-2l85'f 18S>iil86
• 1.-3
16,118 161 4 Marl 4 196 4 Oct 25 153 Sep 2 24 4 Jan
184>2 184 184
1944195 Cliioago & Northwestern
19434 196 14 192 194
ly4 196
Oct 25 190 Aug 50 Jan
i'eb 8 234
1,100 207
193->8l93'2 192'^ 196
Do pref
22934 234
10
Oct
228 229
n30 J'ne 6 n52 Oct 27 132 J'ly 200 4 -Ian
Chic. Rock Isl'd & Pacilic
117
162 Jan
515 135 Mar22 150 Oct
148 160 Chic. St. P. Minn. & Om.
150 150
140 160
140 160
140 160
•14'.>
150
?165 Apr28 187 4 Oct 4 5165 Nov 194 Jan
186 190
Do pref
185
185
185
15
185
Aug 19% Jan
5I4 Aug31 1234 Jan
185
"8
y% 12 Chicago Term'l Transfer. 17!6"r6 114A.ug31 264Jan 16 16 Sep 36 Jan
94 10^4
84 10
8 "8"l4
8
•734
8
61.410
25 4
Do pref
194 21% 22
1734 20
171a IS-u
16»4 171a
3 May
934 Oct 25
IQ'n 17
834
94 Cliicago union Traction. 29,345 4 J'lyll 40 Aug31 30 May 174Jan
S%
84 94
5034 Jan
81a
9
7'
7
29 May24
--Do pref
15 66 Aug 99% Jan
86%
85
844 844 Cleve. Cin. Chic. <fc St. L. 1,350 6Si^Mayl8 112 Oct 18 112 Dec 119 Jan
85
•844 86
8434 85
86 Si
86
86 14
Oct
•85
100 l*'eb 8
110 ...
Do pref
110 ....
110
•110
Jan
*110
10
Oct
•110
224 22% Colorado <& So., vot. trust 13.(140 13i.jJ'ne 1 23% Jan 24 444 J'ly 314 Jan
214 21
214 23
22 "8 23«8
2818 2308
25
Aug 72
2338
3,295 48 J'ne 1 68 4
23
534 55
Do Ist pf. vot. tr. cf
64 14
53 4 53 4
66 14
54
56
6514 551^
22
Aug 48 Jan
17
8,18(-)
65
65
177g J'ue 7 30'i
28 4 29 4
2834 29
Do 2d pf vot. tr. ctf s 66,250 149 Marl2 185 4 Oct 28 149 Aug 1834 Feb
2918 3034
294 30
3014 30^<
30^4
Oct
29
176% 178% 179 186 Delaware* Hudson
173 130
177'al78'8 1784 181
177 179
6,830 •2504 Feb 23 320 Oct 28 230 J'ly 2764 Jan
299 320
elaw. Lack. & West'n
295 299
294 299
295 la 295 12 296 300
Marl4 32 4 Oct 25 18 Oct 43 Feb
4.3(10 18
S95 295
304 304 •294 31 Denver & Rio Grande...
3II4 32 4
So^i 314
31I4
31
31
81
6,465 64 4 Feb 2 4 844 Oct 22 62 Nov 904 Feb
82 34 83
Do pref
824 83
823* 84
83
84
84
84
83 '4 84^4
26 Oct 22 12 Sep 47 4 Jan
300 191.^ Jan
'24
24
254 Des Moines & Ft. Dodge
24
'25
26
26
2534 2534 •26
Jan
734
2(i
S26
44 4 4 Detroit South. vot. tr. ctfs 2.310 23^ J'ne27 1434 Jan 23 14 Aug 20% Jan
514
}54 54
6 14
6
5
Not 3934
6
4»4
J'ue27 29 4 Jan 25
5.570
4V>
84
8
8
Do pref. vot. tr. ctfs
74
84 9
20 55 Oct 90 Jan
84 934
9'4
8
3,195 604 J'iiel6 75 4 Oct
7434
744 734 733< •7234 734 Detroit United
74
Aug 194 Feb
7
6ij./'ne 3 12 4 Oct 21
1,775
76
75H 7314 74 4 74
114 12 Duluth So. Shore & Atl..
104 104
12
U-a 114 114 114 •11
10 Nov 29% Feb
11-8 12
5.520
91^ AuglU 214 Oct 28
214
19
163* 17
Do pref
19
17% 184
184 194 19
23 Aug 42% Jan
19', 1984
l,092,o:« 211,. May 16 41 'e Oct 25
371-.
39'4
38
36
3334 414
374 397t
38\ 41
87^4 39 \
38,775 r,5o:May31 74 4 Oct 22 62 4 Apr 74 Feb
704 714 714 72% Lido Ist pref
7234 74 14
72
734
73 4 74I4
73^4 74i<
24,385 33 "Majie 544 Oct 24 44 J'ly 64% Feb
50% 514 53
Do 2d pref
52% 54
504 52% 60
62 •« 64 ^
53»4
62
54 J'lyl5 66 4 Jau 27 39 4 J'ly 724 Jan
57 60 58 60 Evausv. <fe Terre Haute..
*58
•58
60
60
•58
60
60
»iS
72 Feb 23 80 Aug 18 78 Aug 91 Jan
•75
82
•76
82
Do pref
•76
76 82
•75
82
80
•75
85
40 Mayl'j 54 Feb 3 31 Sep 7434 Feb
•42
•42
50 Ft. Wortli&Den. Cstmp.
•42
•42 ....
•42
46
*4'J
1,200 170 Mar 17 196 Oct 20 160 Oct 209 Jan
192 192 4 192 197 Great Northern, pret
192 196
1914193
185 192
.185 h'2
37 70 Aug 1(1 82 Oct 28 73 Dec 85 Jan
804 82 Green Bay€feW..deb. ctt.A
•75
79% 81
78
•76
78
78
79
•70
79
2l4 11 J'ne 1 17% Oct 28 10 Aug 274 Jan
deb. ctf. B
17%
16
16
Do
16% 16% 16
•16^ ley I6I4 I6I4 164 17
200 60 .May24 8434 Sep 1 63 Sep 1064 Feb
•80
83
Hocking Valley
•80
83
82 4 82 4
350 77 Mar 12 91 Aug30 77 Oct 994 Mar
•89
8934
89
Do pref
89
•87 4 8934
894 894
16,296 12534 Feb 2 4 145% Oct 25 1254J'ly 151 Jan
144414578 143414434 142 1424 143 143 4 I Uinois Central
(445 1451, 1441*146
1,600 14 J'ne 4 29 4 Oct 20 18 J'ly 48 Jan
28
28% 27 4 27 4 26 4 26 4 264 27 4 Iowa Central
28
28
9
1,990 32 Feb 25 514 001 19 304 Oct 77% Jan
49
Do pref
49 14 50
484 48'-. 49
4834 49
494 60
60*8 5038
22 4 May 9 36-'4 Oct 20 25 4 Oct 47 4 Jan
36 37 •3534 37 Kanawha (& Michigan.
•36
•36
37
•36
37
37
37
'•3b
2,706 g4i^J'ne 1 80 4 Oct 24 624 Oct 8234 Feb
• 79
80
G.Ft.S.&M.,tr. cts. pfd
79
78
804 •794 80
80
804 80
•791a 80
7,770 lUi^Feb24 29 Oct 24 16 4 Oct 364 Jan
28
27% 294 Kansas City So. vot. tr. ..
27
•28
29
29
28»4 293,
4 Jan
Oct
88 Vi 29*4
Feb
51
49
Do pief. vot. tr. ctfs. 4,320 :.il 4 -Ian 29 61 Oct 15 29 Oct 61 Mar
49 «8
48
60 7g 51
50
60
60
51
10
40
60 ^ 5(
11 19% Apr 12
1,200 10
-15
17 Keokuk & Des Moines.
•16
18
18
18
17
17ia|
18
17 4 18
Apr
'16
12
J'ly 555
48
45 4 Apr 7 52 Apr
•47
61
•47
Do pref
61
•47
51
-47
47
61
61
51
Marll 36 Oct 22 23 4 Nov 63 Jan
i«47
•82
36
•31
35
36
344 354 33
Iake Erie <fe Western... ii'ioo 26 J'uel7 105 Oct K- 89 Nov 118 Feb
84
35 4
36
; 86
400 (.'5
J Do pref
100 102
102 102
•96 105
•96 105
96 106
105
f- •86
5250 -f'ly,! J'27134 Feb 21 275 Dec 3344 Jan
245 265 245 265 245 265 •245 265 L. Shore & Mich. South'n
r245 265
«245 266
49 Dec 83 Jan
5934 Oct 1
250 46 Mayl
69 Long Island
08
594 56
-59
59 14 5i'i.
60
60
69
60
'SS
95 Sep 1304 Jan
Feb 2 3 137 4 Oct 1
47,860 101
Nashville.
135 1364 1344 1364 13341354 13134 1334 13234 135 4 Louisville <fe
136 136«b
35,812 139>4 Marl2 164 Oct 22 1264 Sep 155 4 Jan
1613*163'', 1614 163
160 162 4 160 1614 1604 161% Manhattan Elevated.
16 134 164
Mar 14 96 4 Aug 11 704J'ly 128% Jan
84 •,
etrop. Secor., sub. rec. 23,300 724
88I4 87 S,
84
S2% 84
853<.
85
84
87
854 86
130,480 0434 Mar 14 130% UCl 21 99% Sep 142% Jan
Metropolitan Street
1271a 13914 12634 12834 126% 129% 125 41284 1234125% 1254126 4
Jan 15 17 4 Jan 4 17 Dec 38 Jan
16
Met. West Side EL (Chic.)
45 Mar 9 59 4 •'^ep u 514 Dec 88 Jan
Do pref
84 Nov 29 Mar
137,240
5 Apr 2 3 1934 Oct 25
17% 17% 18% Mexican Central
17% l'J% 18% 1934 17 4 18»4 16
17>4 174
100 511!) 4 Feb 1 138 Feb 26 102 -May 135 Jan
132 3 32 Michigan Central
•132 140
132 140
132 140
132 140
140
•i;;2
1,700 40 J'ne 3 6734 Jan 18 41 Oct 110 Jau
69 Minneapolis <fc St. Liouis.
•594 614 69
•60
61
61
62
62
61
614 61
80 J'ly29 96 4 Sep 16 83 Nov 118 Feb
• 94
Do pref
98
•96
•95
96
98
88
•96
98
98
93 Oct 28 42 Aug 79 4 Feb
55
88
884 93 Minn. S. P. & S. S. Mane. 21,625 116 Jau 4 149 4 Oct 28 1094J'ue 1324 Feb
87
86
88
86% 8834 86
84
83
84
May
6,420
Do pref
144 1494
2'
141 143
137 138
137 137
138% 140
135 136
154 Oct 304 Jan
48,618 145gFeb24 32% Oct
30% 31% Mo. Kansas & Texas
3II4
31
3(l-'4
314 32
32% 3034 31% 29% 30
14.830 32 4 J'ne 1 59% Oct 25 33 Oct 63 4 Feb
Do pref
57 4 58 '4
58'
594 574 SS"'
59
08
69% 58
69% 68
190.205 87 Feb 27 105% Oct 18 8534 Aug 116% Feb
10334 lu^)l^
10441054 104 105 4 102% 103 '4 103% 1014 Missouri PacificSt. Louis
1('4 4105
700 l0l4Feb24 137 Oct 17 85 Oct 133 4De«
132 132
130 180
Nash. Chatt. &
134 134
133 134
135 137
•13J 137
34 4 Mar 47 % May
25 42% Oct 24
at.of Mex, non-cuni.pl 11,915 343^ Feb
4134 41',
414 42 4 40% 41% 39-% 40 4 •394 41
41% 42
22% Oct 25 17 Nov 28 4J'il«
530 1579 Feb 2
Do 2d pref
22 4 "20 4 22
•22
22
22% 22»e S21% 21% •20
224 22
Mar 12 136 4 Oct 25 112% J'ly 156 Jan
133 4134 4 N. Y. Central <fe Hudson.. 48,390 112% Mayl6 384 Oct 24 19 4 Sep 45 Jan
134 4136 4 13334 135 4 1314134
13l4l:i4'8 134 4135
1,760 25
•344 37 N. Y. Chic. & St. Louia...
36
36
36
87 4 38 14
36 4 37
374 354 36
10l4Mayl2 113 Oct i 100 Oct 118 Jan
Do Ist pref
110 116
110 116 •110 116 •110 116
•112 110 110 116
60 J'nel4 71% Oct 19 50 Sep 87 Jan
72
Do 2d pref
•68
•65
74
•69
'!»
•69
70
74
74
75
75
1,678 5185 4 May 19 199 Oct 21 U87 4May 2254 Jan
193 S194 N. Y. N. Haven <& Hartf.
l!<74198
194 194
4rj,-ii<ii<9
198 198
196 196
19;>^ Marl4
47% Oct 20 19 Sop 354 Feb
41 » 433,
42
454 46% 45% 47\ 4234 46% 43 4 45% N. Y. Ontario Ji Western. 561,32 53i2Marl2 7334 Oct 19 5334 Nov 764 Feb
46
& Western
7:j'4 73 14
731,
72 4 73 4
72
714 72 4 704 714 70 4 72 Norfolk adjustment pref. 32,076 8,-i May 6 93 Oct 17 86 Aug 93 4 Feb
Do
95
•91
•90
•90
96
•90
•90
•00
95
96
96
96
150 J'nel4 195 Sep 27 190 Aug 190 Amg
Northern Central ........
6,000 51 Fob 24 74 4 Oct 28 3934 Sep 72 Jan
74'-. i)aciUc Coast Co
•>=,»
•68
7i)
•68
694 69 4 694
70
70
69% 'jg-^i
Feb
J '1/26 lOl Sep 28 80 J'ly 100
9.^5
Do Istpref
•96 105
96 106 •92 100 •92 100 •92 100 •92 100
"460 614 Jau 12 00 4 Oct 2,- 50 4 Aug 76 Jan
Do 2d pref
7834 804
*7t;4 79
•764 79
•77
•764 79
77
784 477
Mar 12 138 4 Oct 25 11034 Nov 157% Jan
407,032 1114
137 '8 13734 136% 13734 137 13S4 136413734 1344135% 13534 126-4 Pennsylvania
15 J'ly 39 Jan
Marlt) 27 Oct 2'
1,800 17
Peoria <fe Eastern
<25 4 27
2534 25'4
26
2634
•254 27
26% 25% 253^ 27
74 4 J'ne 9 81% Jan 23 74 J'ly 91 4 May
•75
80 Pore Marquette
•75
•75
•76
•75
•76
80
80
80
80
80
Sep
8)365 {68 May31 7 84 Oct 25 {74 Dec 576
Do pret
78
734 77
78%
100 66 Apr 20 77 Oct 14 55 Sep 94 Jan
•73
72 76 •72 75 Pittsb. Cin. Chic. <fc SU L.
•74
•72
77
74
74
75
75
115 Jan
200 90 April 105 Sep 15 90 Oct
Dj pref
101
101
,103
•loa'-2l(J6
1('34103 4 '101 103
,103
37 4 Nov 69 4 Jan
Mar " 7734
73% 75 J>eadlng, vot'g tr. ctfs.. 422,130 3834 Mai 14 88% Gci 21 73 Sep 89 % Feb
7tv-„ 77%
724 74
76% 76\ 754 7634 74 4 76
Oct 21
700 76
Ivisl pref. vot. tr. ctfs..,
87
•fas
881,
87 4 87 4
884 884 873* 87»4 874 87 4
Feb25 82 Oct 21 5534 Nov 81 Jan
966 554
2d pref. vot'g tr. ctfs.
HO
•75
}80
80
81
8J
82
81
81
804 804 •80
19 4 Aug 53% Jan
3334 Oct 25
19 4 .viarl
677,81.'
31
8J
8 1 34 33%
33
30% 32% 32% 33 Rock Island Company
3; 4
30% 33
23,015 5(34 Jan () 754 Oct 15 6534 Sep 86 Jan
Do pref
744
73
73
734 75
72 4 734
72 4 74
74% 73% 74
4.'5 30
Apr 22 66 Oct 27 30 Aug 72 Jan
544 64 4 Rutland, pref
55
43
49
40
65
{40
*30
32Vi
30
32V2
•30
•30
}64
821^
'^0
*60
32
04
30
•60
-'j
.
--2
'•;
'•^
,
.
m
:
;
'
!
•J
'
•
'.;
'
•
1
I
It.
1
>-
1'
BANKS AND TRUST COMPANIES-BROKERS' QUOTATIONS
Bid
Baoks
Bid Ask
ItanUii
Bid Ask
Jeflerson^... 140
14thStreet11. 300
«282 286
' JreW
500
Liberty
TOBK
216 225
Fourth
190 200
<fe Iron.
1000
Lincoln
400 116
G.'illalin
America II ... 510 530
(,'olonlal'i ... 450
Maiden Lane 105
(Columbia .. 360 400
Ganscvoorl'i 140
.nier Uxch.. t280
Manhattan!!. 315
500
Astor
775 .826" Commerce... 1229 aT.j4 Garlleld
Market <feFul +259%
ConsoUdated 145 150
Gerniiin Ami] tl«14
Bowery?
3 -'5
260
.Mechanics'
Btiicli'.s A Dr 155
German Ex!i 375
Kxchge' 390 400
.Meeh St Tra' 130
620
Century
180
Discouni^ ...
Oermaiiiall .. 5 10
I'-.S
Meroantllo .. 217
260
2.! 5
ChaHf
(i,iO
Kast River.. 157 4 165
Greenwich
Mercii Kxch. tI74%
336" Fldelilyi; .... 180 200
Chatham ... .VI
Hamilton*,! .. 170
-.65
.Merchants'.. 175
540
>C3ii'lt4i'iiExcl|
Fifth Avel,.. 3450 3750 Hanover
L
Banks
Bid
A»k
'i
Cm
.
i;
525
lloo
326
.
266
140
*lh^
1i
'i
»Clieiiii'
ill
Citizeiis' Ctrl
1
4290
1
r>.i
ies'
Fifth
First
:!00
•;05
&
Irving
2i.O
M etrop
Trad. 590
Imp
.'30
'i
Mt Morris'ii..
376
216
Hunks
Ask
R nnlfM
City
Coal
Bid
290
190
New Ainster t425
New York Co 1300
N Y- Nat K,x. 210
New York... 290
.Mutual';..
Nas.saull .
Ask
325
200
lllth Ward']. 150
North Araer. 195
120
Northern
2.iO
255
1H5
)riental',|
Pacific',,
426
Park
.->25
-225
Poople'sli
285
<
130
Prod Kxohl
Soal)oard
.
..
....
Second
176
250
600
600
shocife Leth. 135
State'i
3 1th HI feet..
12t,h WardTi.
205
550
300
A»it
184
500
Plaza^l
Riversidcl,
225
300
Bid
BnnkH
Pheiiix
|186
,280
.
'l46
1000
190 200
120
23d Ward".. 125
Union Exclil 1-24'
94
96
United
dlVldlMl.l IM'I ristliLs.
Bid anil asked prices: uo sales were made ou this day. i Lo.is tn-'i lo > Hii.»r Its. t tCt riKiiu. V dtate l)iiiK4. a lOX aalo at this price.
• Sold at private
4 AssOMtaent paid.
1 Sale at Stock tifxclLanj ;e or at auction this week.
( TriMC Uo. oerUQeaUvs.
I
(;
New
.stock-
,
.
1938
I
Monday
OeL
15\
•53
'W "7S"
a_"n
1)3
•177
>!»
2J34
IS'i
l'3'»
49 >4
49'f,
Gi:'«
116
35^^
953b
35
»4
133
25
32
50 Vj
--J
6:; Hi
116
Bo's
9S'v
35B8
134
27 "-J
32 V
r>u,
•103'^ 103^4
iof 1077^
8\i
6
23^2
8>4
8>4
Sl^
3838
37
29 14 29 »2
9934 100»2
51^
512
"a
233f,
68V, 7012
110
111
136'4l37J4
•135 137
*14i 145
145'«145i8
Ib's
1«38
•82
99
84
•226
228
99
«8'4
*50iu
40
9
Sl^J
41
67
USh
38
38
•79
9>2
*48'2
SOHi
11
4yi2
•10934111
24=8
2538
97
137
97
•135
63%
62
22
49% 50%
60% 63%
95>s
35
133
26
{32»4
6238 64 '4
116»4ll6»8
35V
27>2
32^4
SO^g
22^8
"35'"
'35%'36<C
•130
133
357;
132
132
26% 27
25'4
2534
32
30
30 %
32
'y
49% SO'g
10334 10334
104
io63; ibs''.
109% ii2"'
io9"ii'i%
60
103
23
46
103
95
17
62
95
62
62
2214
22%
44%
4338
2234
4434
20>,
50% 50%
95 3^
19% 20
46% 4736.
104
95
95
16% 16%
47%
47
46%
22%
2134
42 'a 44
1834 19
46% 46%
27
27%
223» 23%
45
45%
28
24%
2734
2234
47
283(,
61
{61
24%
"-i
7%
7%
534
6
22'6
838
22^8
8
35
•35
28
37
1412
99%
•5I4
5%
22% 23%
72
111>4115
•150 160
•96% 97
70>4
Hi
-734
•50
96BB 96«j,
3934 40
109i:jllO>t
3734 39
81»8 8106
•225
230
20
86=8 86 •'b
12 -o
12
62 >a 53
23 14
23
•84 12 86
2ij
m^
•93
4t)is
•I's
56^4
a
67I4
97
•21
8
23
8%
734
35% 36%
13
13
•34
27
37
•79
•9%
11434
•W 'W
61%
60
21%
:,0\t
4878
61
11534
3378
51
42
68
37
96%
50
i;ii34
•84 ^4 8514
46 %
40
•93
97
1^8
•50
51
40% 42%
4434
69
14%
215%
1314
13'4
13
64
04-,.
64
•115
13
63
29
hiH
20-8
81 »«
36^4
110
•237
92
172
•195
l.i'e
63 '4
29
84 h)
'•i
213>,
82»8
37
llOS,
•37
38
•110%
38
111
111
22% 23%
22% 23 '6
2
84
{84
85
8434
463*
47%
46% 47%
{92
96
9678
2
2
178
C8I4
I3I4
643^
9678
2%
1(111
64
\M\i\h
98
28
210
•95
•26
•206
6
•20
Co
37
•12% 15
•34
37
•12% 14
•145
9634 •98
138
137%
136
136%
144% •142
147% 145
160
160
•50
50
51
51
41% 42%
39% 41%
•37
American Snnl*.
Buttenck Co
192
195
9134
240
•233
245
91'e {91% 91%
171% 167% 169
190
•190
195
9%J'ue
253^j'ne
38
80%
Internat'l Steam
Do pref
11
49
Manhattan Beach
National Biscuit
•9%
49
49
49
110%
2234
•84
45
"93
85
86
46
I's
5576
•30
33
215
9034 91%
106% 163
•190
195
Do
pref
Xew York Air Brake
North American Co., new
Facilic Mail
eop. Ga8-L.& C. (Chic.)
Pressed Steel Car
Do
pref
Pullman Company
1> allway Steel Spring...
Vdo
pref.
Republic Iron
Do
Do
Steel
<fc
...
pref
pref
Rubber Goods Mfg
Oloas-Shelheld
O
Do
St.
<fc
Iron
pref
2% Standard Rope
55% 67% Tenn. Coal, Iron
•I's
I'e
Twine..
<fc RR...
Texas Pacific Land Trust
nion Bag <S> Paper
cfc
33
u-Do pref
U. S. Cast 1. Pipe & Foun.
Do pref
116%116 United States Express...
11% i'2% United Stales Leather
90% 90 7e
Do pref
61 'a 62
U S Realty & liuprove'nt
27% 28 United States Rubber
83% 83%
Do pref
20
2034 Unlte<l States Steel
79»« 81%
Do pref
37% 39 Virginia-Carolina Chem..
UO%ill%
Do pref
68
•232
9678
pref
National Lead
85
46% 47%
•93
97
Do
Pump..
68
245
Wells, Fargo & Co
90% 91%
est'n Union Tele'gpli
170% West'gh'seEl & Al fgasseu
185 195
Do Istpref
•232
168
7
32
1 1
2734 Oct 11
1
75
ii
Augit;
Oct 17i
Oct 20
23% Oct 22
1
1
1167e Oct
'i:>
Sep 9
96% Oct
36% Oct
134
27%
33
63
,
15% Jan
Jan
Oct
Oct
Oct
58
Mar
38% Sep
68 %
16% Oct
69 % (ict
3678 Jan
4
36% Oct
96
Ut^Ktsl
24 7fcJan
68 Aug 8H Feb
Feb
39 1 »i-i- 78
148%.'^ep 170 J'ly
12 Aug 30 Jan
24 Aug 66 J an
13
6334
r.
24
85
25 20%
Oct 22 100
Oct 2
17%
Sep 19, 15
Feb
96
96% Mar
Aug 43 V Feb
J'ne
Oct 1287p Jan
Oct 37% Jan
Sep 3178 Jan
Sep 48 Jan
Oct 122% Jan
Sep I9I 24
104% Oit 28 79
{153% J'ly l" 165 J'ne {15»% Deo
112 Oct 25 65^4 Aug 104% Jaa
9534 Ang 30 83% Aug 95% Feb
17 Oot24
9 Dec 22% Jan
62 Oct 21 35 J'ly 64% Jan
22=4 Oct 25
3234 Feb
16=8 Oct
4434 Oct I27 % Sep 65% Feb
20-2 Oct 22 12 J'ly 27% Feb
5234 Jan 22
40% Not 62 May
2934 Jan 27
20 Sep 38% Feb
24% Oct 25! 14%Oct 29% Feb
Jan27 33 Not 65 % Feb
4779
Oct 20 {204 Jan 235 Feb
24 33% Oct 75% Mar
Oct 17 17% Nov 4134 Jam
85% Oct 18 60% Nov 93 Jan
240
68% Oct
2734
Ang
25% Aug 46% Feb
82 J'ly 98 Feb
24 Not 41% Jan
5 Ang26 171
i'i
Aug 235 Feb
834 Oct 14
6 J'ly 29% Jan
2% Jan 5 6 Oct 18
1,010
2% Oct ll%Jan
100 11% Jan 5 23% Oct 19; 10 Oct 37% Jan
6%ilar24
9% Jan 2, 4 Oct 1134 Jan
6,11
10,142 24% Mar24 42 Oct 17 16%Oct 42% Jan
24%J'nel4
330
29,520
6,672
1,590
2.000
115,725
8,095
7
34=4
1
16
6
6
100%
750 121
Feblli
130% Feb 11
10 Jan 4
69 Jan 2
61 Feb 20
200 185 Mario
1,30(1
2,525
1,480
7,3-0
1*
15
Oct 22
5 % Oct 20
2334 ucl 13
J'ne 3
Feb
8834 Jan 6
110 Jan 21
300 85 Jan 6
279,485 122% Mar 7
1,055 123 Jan 4
Atig29i
37% Oct
30% Oct
1
2%J'nel6
16
46
81
95 Oct 261
27 % Oct 26
J'ne 2
22% J'ne
16% Jan
75% Jan
73% Oct
25
Oct 24
Oct 20
98% Sep S
142% Oct 28
137 Oct 28
145% Oct 24
14 7
Sep 10
21 Oct 17'
84% Oct 17
102 Oct 10
229% Oct 19
8% Oct 18,
60% Oct 13*
4434 Oct 25I
71 Oct 25
I634 Jan 26
220 Oct 19
125% Sep 23
115
155
5
J'ly
1934
Jan
23% Nov 48%Jan
10% Oct 31% Feb
67% Oct 9534 Feb
2% Mar 5% Feb
24% Jan
1 4 % Sep
3534 Oct
5278
Feb
80% Oct 99 % Feb
90 Ang 126 Mar
80 Sep 98% Jan
107% Oct 134% Jan
116 Aug 123 Deo
117% Oct 169
130
Sep 146
7% Oct
65
58
170
Feb
Jan
14% Feb
Oct KO Jan
Oct 125% Feb
Sep 225 Jan
Oct 15% Jan
Aug 55 Jan
5
J'lyl>^
5
4779 Feu i;
40
25 % Marl:
24 Not 82% J an
65 Dec 122 Jan
1,010 63 Apr ;
8 J 'ne28
9 % Not 22% Feb
5,150
164 Aug 222 Jan
30,844 185 Feb 8
9434 Ang 1 19 Jan
5,995 101%Jan 4
934 May 9 22% Jan 25
15 % Not 35 Mar
5,622
2.425 65 Mar 9 77% Oct 17 60 Not 85% Jan
18.403 19%J'ne 9 3434 Oct 17 20 Jly 3434 Jan
4,200 cl51 J'ne20 179% Jan 23 136 Sep 204 Feb
9 J'ly 1978 Jan
6,385 10%May2e 19% Oct 14
2,735 64% Feb 9 79 Oct 15 57 % Nov 74% Feb
400 26 Mar 1 70% Oct I7i 23 Nov 73 Jan
400 2S Sep 2 40 Apr 7 28 Dec 46% May
100 71% Feb 9 82% Oct 19 70 Oct 89% Jan
6%Mar21 14 % J-ly 23
6% Sep 13 May
36 Jan 4 4934 J'ly 20 32 Oct 47% Feb'
2i6"o"6
100% Jan 16 111 Oct 21 94 Oct 10678 May
130
23.470 14% Feb 25 26% Oct 3 10% Not 29 % FebFeb
1.490 80% Jan 26 9? Oct 20 75 Oct 95
720 120 Feb 25 13934 Jan 22 105 Oct 177 Jan
3,340 80 Marl 2 97% Oct 18 63 Sep 124%Jan
40% Oct 21 17 Aug 4234 Jan
11,600 24 Feb
87=4 Sep 108% Feb
93,3(50 9234 Marl2 110% Oct 25
44% Oct 17 22 % Nov 6534 Jan
66,330 24% Mayl
Feb
2,435 67 Maylb 84% Oct 17 62 % Not 95
249 209 Marl 231 Oct 14 196 J'ly 23534 Jan
4,715 16 Mayl8 2778 Oct 14 16 Sep 37 Feb
1,245 7134 Mario 87% Oct 19; 67 Nov 90 Feb
6 Mayl 6 13 Oct 17
I2.ti50
5% Nov 22% Feb
9,200 37 Maylo 5478 uct IS 3634 Nov 80% Feb
4,160 1434 Aprlo 24=8 Oct 14 12 J'ly 30 Feb
315 7434 Jan 15 8834 Oct 12 60 J'ly 84% Feb
Feb
6,30U 31%Jan 7 47% Oct 26 22% Oct 72
170 77 Jan 5 9678 Oct 26 67 Not 97% Feb
»4 Sep
6 % Feb
34 Mar 4
2%:<ep 19
1,(100
38,340 3l%Mayl6 58% Oct 17 25 'e Nov 68% -Mar
50 25 MayiO 34% Oct 13 22 Aug 40^4 Jan8% Sep 30 4%J'ly 15 Jan
10(1
37eAugl9
300 46 FebJ-i 71% Sep 29: 57=4 Dec 79'4 Jan
6%MaylO 14 78 Oct 14
6 Sep 15 Feb
1,400
1.270 40 Mar24 6534 Oct 18 33 Not 65 F«b
24 {123 ATig2b 95 Aug 50% Feb
400 100 Feb
68.;i65
6%May27 14%Oct 19
15% Feb
6 Sep
6.760 76%Jan 4 92% Oct 19 71% Oct 9534 May
1.6H8 43 J'lyl3 65 Oct 18l
7 J'ly 19% Feb
6.930 10% Feb 6 30%Oct 14|
1.000 41 Jan 4 85% Oct 15| 30% J'ly 58 Feb
8% Maylo 22^4 Oct 17 10 Nov 3978 Feb
299.S77
4934 Nov 8934 Jan
5 76.150 61%Mayl3 8334 Oct 16
22.316 2234 j'neJ9 39 Oct 24 17% Sep 66% Feb
4,785 97=8 AprlO 112 Oct 26 80 A up 128% Feb
225 {200 J'uelO 2:iO Aug2;i {191 J'lj- .'49 % Feb
2.289 85 May 19 93 Oct l7| SO^ Sep 93 Jan
10,792 153 May 2 173^8 Jan 21' 130 Oct 221 Jan
400 180 Augl7 195 Oct 24' 160 Sep 224 .Tan
60
(Colorado Fu6l<fc Iron... 137,215
37
•9% 11
•110%
53% Oct
200 8834 J'ne 6
200 22 Augl7
350 180 J'ne 2
6 Ang 3
500
American Linseed
•73
38
79
79
Aagl5'
Jan 9 182
17
*-
Mar
39% Jan
8,550
Oil
De prel
8% American lo©
Do pref
35
Year (ly
lAyteett
61% '><:t 25
485,060 41%Marl4 64% Oct 25
2234
8%
{7% 8%
35% 85%
1334
168
190
150
9,000
American Dist. Telegraph
American Express
7% American Grass Twine ..
5% Amer Hide <& Leather
•20
«3^
92 14
{240
Marl 5
Muyl7
Jan
1M,01'5
pref
Soatliern Pacific
27
210
•7
•5
23
{684
6
119
236
9134 92
17l°bl73
101
SonlliweBtem..
Do
32% 32% American Cotton
98
Do pref
32%
110% 116% •116 118 {115 118
12
12% 13
11% 12
13V
91
91% 90% 90%
91=8 92
63
63% 63% 63% 63
61
61%
28% 28'i. 28% 2rt34 2734 28% 27% 28
84
«82% fc4
M234
{84
82% 823, 82
2038 2l>4
20% 22% 20% 21% 19% 20%
81
82% 8138 83% 80% 82% 78% 80%
3834
36% 39
36
37
37
36% 37
•110%1U
110 11134 109% 110%
111 112
9134
{6234
9
35
16
H;\
7,(!in)
C.& E.I.com stock tr ctls
Highett
Lowett
&
67
13
64
67
13
{64
13%
13
64
236
244
92
173
200
62 %
116%
86';
2(t
71
15
21734
37
200
iHtpref
prel
St. L. <feS. b'r., l8t pref....
Do 2(1 pref
.St.
ICange tor /-reviovt
i
Wetk
&
57% 54%
56% 57% 56% 58% 55
34
•35% 85% •30
30
{30
•7% 734
7% 7%
«68'4
<j2
50
2379 24=8
24%
91
95
91
96
95% 95% 94% 94%
13738 13738 •131 137
132% 13534 136% 136%
95% 96% 94
95% 94% 95%
95% 96
3734 38%
373,
39
40
37
38% 39%
10334 109% 108% 110=8 108% 10978 106% 108
107% 109%
34
3b
37'8
32% 35% 33
29% 31% 30% 32%
8034 81
81% 81»B 81
80%
81
80% 80% 80
•225 230
228% 228% {225 225 225 230 •225 229
2479 26
25
26
25
25%
24
24% 24% 24%
*80l4 8634
86
86% 86% 86% 86% 85% 8534 85
1234
12
12
12%
11% 1134
12
11% 1134
12=8
52 'a 54%
6234 6234
53
54% 52% 637^ 52% 53
2234
22% 23
22% 2334 •22% 23% 22% 22% •22
25
963* 97 '4
•131 137
95 %
95
3934
39
06
in
2134
liange tor Year iy04
On batU o/lOO-thare LoU
Wabash
137%139%
51
3958
Sales 0/
tUf
Do pref. 2il lUHtitl. pd. 8,523 113 Sep 12
3478 Sonthornv.tr. cfs. stmped 293.125 18% Feb24
04% 94%
Do pref.
3,085 77% Jan 6
do
201' 90
Feb 25
M.
O. stock tr. ctfs...
67,405 20%J'ne
33% "as"" "34"%' "85" 'Pexas <fe Pacific
130% 131 •130 133
1 hird Avenue (N. Y.)...
855 115 Marl
2578 •24% 26 Toledo Railways & Lij^ht
25
2,4 ^"0 17%J'ue2
30
30% Tol. St. L. & W. V. ir. clfs
29% 60
1,395 21% May 2
48% iH'^ 49% 49%
Do pref. vot. tr. ctfs. 4,390 32 Feb 24
103% 103% 103% 104% Twin City Rapid Tran'sll.
2, 1 00 87% Feb 2;3
700 158 Augl
Do pref
i"o7% iV6'% 110%1U% Union Pacific
1,055/)15 71
Marl.
95
«94% 94% 95
Do pref
3,495 z86%Feb25
Feb 17
750
9
{16% 16% 16% 16% U nitRysInv't of SanFran
59
60
61% 61'8
Do pref
1,594 42%Aprl
2034 21%
21% 2134
18,485 16 Mayl
42% 43%
42
43
Do pref
20,985 3234 Feb2
•18
19
18
18
Wheeling
2,655 14%J'ly.;
Lake Erie...
•44% 46
44
44
Do Istpref
1,600 37 J'ly2.
2634 2634 •26% 27%
1,71-,^
21%J'ne29
Do 2d pref
2234
22
21% 23% WiBconsin Cent. v. tr. cfs. 15,833 16 J'lie '
4434 45
45% 46
Do pref. vot. tr. ctfs
6,080 37 J'ne 6
Industrial ik lYtiaceil
230 250 •230 250 Adams Express
12(1 J 220 Feb 2
64% 65% 66 7g 68
malgamated Copper.. 386,460 43% Feb 8
25% 2534 American Car <& Foundrj- 8,165 143^ J -ly 1
25% 26
83% 843^
82% 8234
Do pref
1,510 67 Jan 6
135
80% •79
80%
80% •79
•9% 11
•9% 10
11
49I4
49
49
49% {49
24
6e
13>2
9134
62
1S2
21%
47%
59%
•30
117
»'ii""ib"
61
•155
21
145
160
13734 139 V
135
145 Si •144
140% -144
4914
{111381113^.
33
Is
Do
Do
65J4 6534
{70
70
y Do pret
147^
14
14
14% Col. & Hock. Coal <fc Iron.
1378 "14
214% 21634 213%214% 21478 21678 Consolidated Gas (N. Y.).
125 125% Continental Tobacco, prel
125 125% 124% 125
124%125
16% 17 Corn Products
17% 18
16% 17% 16
16%
74
7638 7638
75
75
74
74
73
Do pref
33
33% 32% 33
32
32% 32% 34% Distillers Securit's Corp.
176 177% 175 176
174 174% 174 176 General Electric
1734 18%
18
18=8
17
17% 17% 17=8 Jnternational Paper
77
77% 77% 7634 78
76% 77% 75% 76% •76
Do pref
•61
62
63
62
61% 62% 61% 61% •61
63
International Power
*30
'
;
[Vol. lxxix.
Share!
36%
36% •34
Do pref
27% 26% 27% 26% 27% American Locomotive...
97
97 '8
97% 98
98% 99
Do pref
•5
•5% 5%
5% 5% American Malting
5%
22
22% 21% 21% •2134 22
Do pref
7078 72% Amer. Smelt'g <& Refln'g.
70% 72
69% 71
112 113% 1113*112
113%114
Do pref
37
27% 28%
98% 99%
5% 5%
22% 2234
71% 73%
113%
5
21
23
8%
35H 36%
•12% 15
•145
96
7%
6
KXCHANGK
Oct 28
9634
963, 9534 •96%
Do pref
13534
142% American Sugar Refiniiif:
137
134% 134% 135%
Do pref
144 Amer. Telepli. & Teleg...
145% 144 144 •143%
145% American Tobacco, prel.
145^4 145% 145% •144
18% 18% IS^g 18% 18% 17% 1734 •17% 18% American Woolen
84
83% 84
53478 85
83% 83% 83% 83%
Do pref
•95 100
99
97
99-2 Anaconda Copper
99% 101=8 •96% 99
228 •226 228 •225 22s 226 228 223 228 Hrooklyn Union Gas
9
•7% 8% •
8
8%
7% 7% •7
runsw. Dockcfc C.Imp'i
136%139%
145
140
18
84
99
•226
6S
•35
38
29
100
7%
7=8
6=8
751
STOCKS
TO UK 8TOOK
St. Joseph tbOr'd laUDd.
245 {239 240 •235 245
68 w.
66% 6778 6534 67%
27% 2638 27
26% 27
84 "u 84
84% 84% •83% 84%
3134 32 'f,
33
32
32% 32^8 32
'92
•96
95
{95
95
95
•26
•26
28
28
27
27% •26
•205
{209>4 209i4 208% {210 •206 210
26=8
NEW
iYlday
\
116 116% 116%11534
35% 36% 34% 35=8 33% 34%
94^8 95% •94
94% 94% 94%
95'-i
133
Thursriay
OeL 2?
82
MSfc,
4034
78
78
1
2:;
65
67
1334 14%
1379 13^6
216'8 21^34 215%217
«124%125
124 124
17% 17't
17 "a 1734
75% 77
76
76
SSIq 8412
3338 33'8
1761^177
175% 177
1838
1818 1^3^,
18
•62'a
'13%
t).t%
50
*13\ 14 "a n4>a
•35Hi
22
"W'i^"
'li" "ii"
•17')
66''8
2534
28
210
•22>a
'•.
|
"lio"
•235
245
68
80 1,
33
96
S's
{60*
22%
Hi's
eiSj
£1^8
43>4
19'a
4614
27 Hj
bo
32
•92
*26
*206
•7
'^
W6
Oct.
16
23
50 H,
61 »4 63
115'8ll6'v
35 "u 363^,
95>-j
95
95
26%
as
49
I6V2
b434
Oct.
2238
96
•S35
WfaneiUay
Tuftitity
5315,
6 sag 63
lSl>-jl!Sl
16>ii
"-J
|
i>4
74""'74"'
95
6 134 62
32
221-i
43^8 44'*
•20 "-3 20
47'-.
47
2838
28
2234 2338
46'a 46'4
1
Stock Record—Concluded— Page 2
STOCKS— HIOHEST AND LOWEST SALE PRICES
baturiiau
OeU an
26
.
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bnnkn
Bid
Ask
Wash.H'htsli 200
WestSldel .. 476
Vorkvilleli
..
Bid
linnks
BUOOKLY.N
Maiiufactrs'.
4110
Nassau
Nat City
290
North Slder. 225
1
A»k
Tnut
Co'8
Bid
ParmLoATr
Bowl'iriireen 1-210%
300
Guaranty Tr 6'i5
Guanliau Tr 160
Knick'rb'k'r 900
Lincoln IT... 345
Bro«dwayT'r. 180
Fifth
163
160
17th Wardi,. 150
130
Sprague
200
Sluyvesantl 186
ConiUKinw'th
KasKiii Tr..
310
290
People'sli
Broadwayli.. 300
Brooklynli .. 120
Con'yl&BB' 140
First
380
Bid
CTTT
Bankers' Tr. 325
C'lR'tyH&Tr 6i)0
Central IVst 1960 2000
2S5
City Trust... 280
Colonial
320 330
BBOOKI.TN
Bi.roughH.... 135
Trust Cos.
V. T.
345%
Mechauicsl) 280
Merchants'.. 130
400
Atk
200
60
55
Ave
'lY
1300 1350
526 550
.. 475
Mercantile.. 990
Merchants'..
.Metropolitan 625
.'Manhattan
Ask
65(1
166
350
500
1010
210
640
880
226
Trust Co's
Bid
Ask
N Y Life& Tr
N VSecdiTr
1000
655
248
325
330
485
1350
435
1425
t203
390
1060
Nortli
Amer.
Ke;U Est lY't
StaudanlTr't
Tr Co of Am.
Union Trust
US
MtgcfcTr
Unit States
Van N'denXr
Washington.
.
Trust Co's
Bid
Ask
BBOOELTn
252
Brooklyn Tr 390
195
1400
446
1460
Flalbush.... •200
325
Franklin
306
Hamilton
,
350
326
400
,.•
Kings Co
L Isl LdtTr. 280 SOU
252%
Nassau
People's
305
WlUiamsb'g. 235 240
Windsor
MortonTrusl 870
185
196
Empire
160 170
226 230
Kqui table Tr 650 665
IHnt.AUiance 205
WaUaboutI
155
But and asked pnoes; no sales ou this day. J Less than U)0 siiaren. i Ex rights, c Ex diviileud and rights.
iaale at Stock Exchange or at auction this week.
Bantu marked with a paragraph (^) are State banks
Ex si^ok divideod. s Trust Co. certiUcat^os.
Uniouli
ioo
.
'j
1
i
1
New York
Exchange— Bond
Stock
Weekly and Yearly
Record, Friday,
OCCUPYING FOUR PA(iES
BONDS
Price
STOCK EXCHANGE
WBKK ENUrNG OCTOBER 28
October 2S
Government
U S 2s consol registered. ctl930
V a 28 consol coupon dl930
fciaiS
U S 38 regnstereil
TJ 8 38 coupon
'^JHJg
U S 3s reg small bonds. .fcl91o
U S 3s cou small bonds. .fcl918
/il90^
V S 4s registered
/il907
V S 4s coupon
W'-'
q-3
CJ-J
Q-F
Q-F
Q-F
Q-F
Q-J
Q-J
Q-F
XT S 4s registered
Q-F
19
"U S 4s coupon
1914-34 Q-F
Philippine islands 4s.
Korei^i <;overniiicnt
Franklort-on-Jtain S^as eer 1..
price
t These are
Japanese Govt 6s ctts full paid
ctfs lull paid
Kepub ol Cuba 58
U & ol iMexico s I g 5s o£ 1899
M-S
104^8 105
105
H-
'04
Oct
105\ Sep
lOli'is
ioi;i4
t95i2Feb'02
.-
—
AG
Brown Bros ctts.
10218.
102 >8.
102 14
109 14
102 12
111
119^120^
11934
10338...
102 14 J'ly'04
15 11934 11934
102 14 105
1091-2 F'eL)'99
'04
"lOi" i02i-j
Sep '04
Oct '00
Mar'02
Mar'02
1193.
102
102 1210312 102^4 Sep
IO2S4
13612 J'ly'Ol
96
120 Mar'OC
96
96
96 Ang'04
96 14 Sep '04
97
9658
Hhk 10
7ii
7ii
16
9514
95
9II2
10
6I2
07
95
96I4
712
Kailroad
Alabama Cent
See So
Ry
laba Midi See At Coast Line
See Del & Hud
Allegheny Valley i'eePenn RK
Albany & Susq
AUeg & West Bee Butt K & P
/1.1995 Q-J
Ann Arbor Ist g 4s
b Fe gen g 48.. .1995 AG
Atch T
<fe
1995 AG
Registered
Adjustment g 4s
?il995
/il995
Registered
Nov
Nov
M-N
?(.1995
Stamped
Debeiuures 48 Series D.1906 F-A
1907 FA
Series E
1908 F-.'k
Series F
1910 F.A
Series H
1913 FA
Series K
East Okla Div Ist g 48.. 1928 M S
6s. .1915 M-S
Clue <fe St Louis IsC
Atl KnoXifc Nor Istgos.. 1946
Atlantic Coast 1st g48./i.l9av;
CUailes <fc Sav let g 78.. 1936
Sav J<' cfc
Ist gold 68. .1934
1934
1st gold 5s
Ala Alid Ist gu gold 68 1928
Bruus <fc
1st gu g 48 193S
W
W
Sp Oca
Sil
&G
M-S
J-J
A-0
A-0
M-N
<fc
J-J
gu g4a 191S J-J
W
1911
PJuu&MDiv Ist g 31281925
E&
ref 4sl94
FL
Va Sys
Bouthw Dlv Ist gSHis... 1925
Registered
/il925
Monon Riv Ist gu g 53.-1919
CenOluo R Ist cgi^as.. 19311
Pitts Glev <fc Tol 1st g 6s 1922
Pitts A West Ist g 4s.. .1917
W
M*
P
100
97
94%
99
<fe
9434
Sale
99
Is
98
...
97
97 14
9678...
96'8 97^
1121a...
98«8Sal6
137
126
Ill
11434
96
97 14
95 ^ ioi
Aug'04
9934 Oct '04
9834 Oct '04
97 12 Sep '04
9978 10034
99^8...
M-S
M-N
MN
J-J
Q-J
F-A
M-S
AG
J-J
95
01 7g 9534
9878 104
99 10334
87 14
98
8212 8212
87 12 9513
98 100
9934
9834
993,
971-^
9834
97
9634
97 12
97
97H,
92 14
991,
112 Sep '04
112
98^, 183
91
981a
112
1007e
125i8Nov'03
11208 Jan '04
114i4 0ct '04
93 J'ly'04
9734 Oct '04
11258ll2»8
109 II4I4
93
93
9734 98
96 109 9278 9612
92I4 95I4
93 Sep '04
IOOI4 10.i34
10312 103
103
102 102 12 102 ^i
100 103
IOII4 Oct '04
97 101 14
Car
iS'ee
Illinois
9518
953.
103
101
100
92
9234
923<
100 ^4 Sale 100
92 Sale
9134
9'Jl2
87 12 9234
IOOI4
87 14 921a
.
9014 J'ly'o
10612 Mar'u4
ios'i-jioiii
.
II912 Mar'Ol
11912 122
.
100
Oct '04
Sep >04
100
100
107
108 14.
118
100
108
Co certis
Bat Creelc <& S See Mich Cent
Beech CYeek See N Y C & H
Seller
97 "i
82 1-2
9714
963.
6
1025, 187
2
100
973.
51
Jan '04
Danv
Convdeb48
J
9612
10214
Sale
.1-0
See South Ry
<& YacLk See Soutli Ry
See Sou Pacitic
AuBlin & N
Baltifc Ohio priorlgS^as. 1925 J-J
/*1925 Q-J
Registered
/il948 A-O
Gold 48
/1.1948 Q-J
Registered
Atlantic
Atlantic
dG^'i
102»8 Sale
100
9234
100 14
Sep
'U4
921-j
108
98
100
109 la
Cent
& Alontanlc See Long
Broiis
West See Atl Coast L
Butlalo N Y
Erie See Erie
Bklyn
1
<ft
<fc
R <& P gen g 58.. .193 M-S 11334
Weat Istg 48 gu..l998 AG 100
Bullalo
AU
<fc
Mah IstgugSs
Clifc
194;; J-J
& Pitts Ist g 68. ..1921
Consol Ist g 6s
1922
Butlalo & Southwest See Erit
Koch
F-A
J-D
Susq Ist ret g 48.dl951 J-J
Bur Cedar R <fc No Ist 5s. 1906 J-D
Bull
110
122
...
...
llTHiAug'Od
Apr'97
12612 121i2Mar'04
12379 12712 1231* Aug'04
...
Cou
Ist •fecoltru8tg5s..l93'4
A-O
1934 A-O
Ist gu 68. 1921
Registered
OR FAN W
AG
M & StLl8tgug7s....l927 JD
1
Ciauada South 1st 68
1908 J-J
'2d 58
1'Ji;;
Regiatered
li) l;i
MS
MS
Carb&Sliawu See LUCt^nt
Carolina Cent See Scab Air L
Carthage <& Ad See N Y C <fe H
Ced H la F & N See B C R <fc N
Ceu llfiincli U P l8tg48...1948 J-L
Cen Uranch Ry ,See Mo Pac
Cen RUiifc BotGacolg58l937
Cent
or
Ga RR
MN
F-A
1945 M-N
1940 M-N
pl946 Oct
pl945 Oct
pl945 Oct
Ist g 58..jU945
Consol gold 58
Registered
Islpref income g as
2d prol income g 5s
3d pret income g 58
103 12 103^4
1
9914 Oct '04
03 Sep '04
117^11914 122 Sep '04
120i2Mar'O3
110 '4
112i2Sep'u4
104
1«
Sale
1131a 117''8
103
cfc
10334
107
107
10419
Oct
'04
J'ly'04
/il987
Am Dock
I2II2 12112
12118 124
97% 1001*
101 I4 10378
1151a 122
IIOI2II213
39 1021a 106
104»6l09
105 107 \
Registered
General gold 4128
Registered
Craig VaUey 1st g os
B(fe A Div ist con g 4s. .1989
1989
2d consol g4s
"Warm Spr Val Ist g5s.. 1941
Greenbrier Ry Istgu g 48 '40
Chic & Alt RR rel g 3a... 1949
Railway 1st
lUiallS
119
11334 Sale
88 12 Sale
63 12 Sale
48 Sale
Sep '04
90
90
lien 3128...196O
113i2 0ct'04
106 Sg 1121a
120^4
12034 27 116iil20-'4
113
114 203 10334 114
10512 107
107 me'04
88I2 32 (3534 H9
87 14
63
60
62 285 28
f.l
49
71
18
48
Pao
Keck
cfc
4
10934
11434 I2OI4
113 118
38 1004 108
994103
94I4
9812
954 954
811a 851*
741a 811a
lOOia
...
98
108
100 la 102 14
1004
10034
1034107
Dec '03
Feb '04
108
108
11218...
112 4 Oct '04
10738 10818 107 la Sep '04
132 ...
129 Apr'04
120 I20I4 120 Oct '04
11339...
120 Dec'02
11838...
117 Sep '04
100
13134
Sale
11079
1771a
11034
10918
116
9712
11218 116
10538 1081.
129 129
1144120
....
b
Oct '04
Oct '04
110
Ul
IO8I4
1121*117
6 I26I9I32
132
116
1091a J'ly'04
184
10034
105
...
13134
116
105
106i4Oct'04
105
110
1 09 4 J'ne'04
97 4 Oct '04
11614
119»8
13134
137 4J'ly'99
11678 Oct '04
llliall64
108 1094
169 184
109 111
IO7I4IIO
1094109 4
9714
9878
1164Apr'03
Apr'04
1 1134
11234 Sep '04
IlOOa1II714 11678 Oct '04
112
1124 1124
ll(i
1164
106 Aug'04
169 Mar'04
113 Ang'04
1073gOcl '04
11 134 Oct '04
loe^a
1774
115
107
lllia
HI
1164
113%
*118l4
12838
Sep '04
115'8Sep'04
112 Sep '04
118i4Oct'04
1304 1304 Oct '04
1
1
1
10479 J'ne'04
102=8 May'04
100 Oct '04
100
116
103
117
109 Ss
HI
IO9I4
108
102
Sale
107
103
104
J'ly'04
UI4 Dec '03
108
I14i9J'ue'04
106
10934
1124
116381184
106
169
106
169
1124113
106 10739
IIOI4II23,
10934 112
114 116i«
11034 112
II414II8I4
127=8
l»04
10234 105
102=8 102^8
9641001*
4May'04
IIII4II8
108 14 llOia
107
108
104 14
106
104
104
10741104
10834 10334
1154118
II418II6
Nov'02
]05
105
Iu4
10641054
lOSnaNov'oa
109'4 J'ne'04
12934 Oct '04
129'i8
119
13034
13934
1014
10941124
118 Oct '04
142 4 Feb '02
13134 Dec '03
11078
1171*11878
103
109
1221s 126
10510 Bale
Apr'04
Sep '03
125
105 "a
123 4
J'ne'04
1224 Aug'04
10434
107
1004
101
97 14
97
96
93
90
96
954
94 4
78
10914
Mar'04
Mar'04
1104 Oct '04
10334 Jan '04
118 J'ly'Ol
10734
IO634
11734
II4I4
IO634
10434
11539119
109»8ll234
11434 117
Nov'98
115
Sale
88 la Hale
107
105
99 16
14
99
106
105
Jan
Sep
"g
'03
'04
J'ly'04
May'04
May'04
M»v'04
1
26-18
12934
103
103
121»8l25
120 1224
20 101 105 4
101
97
96
93
90
14
101
97
'4
96
93
90
78i4|l''90
77 Is
66 4 781*
70 '4 76 4
71)4 Sep '04
89
8714
S84|6^6 73
104=8 105
105 Oct '04
10379 1037e
103 7g Jan '04
95i4 0ct '03
Sep
95
98
9679
1923
9514
9168
10534
10934 1093^
91
901a
10534 Aug'04
10934 Apr '04
10614...
102
99
95 1«
904 Apr '04
102
RR 4s. .2002
l8t5a
95 Is
10579...
IO8I4,..
(i
DesM
10434
103
10941111a
Apr '02
10434 Apr '00
1014 1014
...
95
2002
1913
gen g 68 .01919
Consol gold 53
1952
Dee M <fc Ft D let 4s
190;
l8t2l2S
190
Extension 48
1905
cfc
103
'lOlia...
95
9512
Rei;istered
Coll trust gold 5s
Choc Ok
102
14 100
8334
1911
cfc
l-.i74133
lll\ill4
10434 Got '04
10178 103
1950
191.S
I
104
IO714IO714
128 13434
.
M
R
104
.
Registered
Chic B & Q— Ch <feIaD58l905
1922
Denver Div 48
1949
Illinois Div 3138
1949
Registered
1949
Gold 4s
Iowa Div sink fund 5s. .1919
1919
Sinking fund 4s
Nebraska Extension 4s. 1927
1927
Registered
1921
Southwestern Div 48
Joint bonds See Great North
1913
Debentirre 58
Han & St Jos consol 6s. .1911
Chic& E lUIstal cur 68.1907
1934
1st consol g 68
1937
General consol Ist 5s
1937
Registered
Chic <fe Ind C Ry Isl 5S.TL936
Chicago & Erie See Erie
Chic In <fe Louisv ref 68. ..1947
1947
Refunding gold 5s
LoulsvN A &Ch Ist 68.1910
Chic Mil & St Paul con 7s 1905
1914
Terminal gold 58
General g 4s series A..el989
«1989
Registered
General g 312S series B.el989
1921
Cliio& LSuDivgSs
Chic & Mo Riv Div 5s... 1926
1910
Chicife PaoDiv6s
1921
ChiOife P WIstg5s
1916
Dakcfe Gt Sog5s
1924
Far& Sou assu g 6s
1910
Hast cfc D Div 1st 78
1910
Ist 5s
1908
I cfc D Exten l8t7s
1919
Lacrosse cfc D Ist 5s
1910
Mineral Point Div 5s
1910
So Minn Div let 6s
1909
Southwest Div Ist 6s
1921
Wis cfc Minn Div g 5s
Mil cfc No l8t
L 6s. ...1910
1913
1st consol 6s
1915
Chic cfc Northw cons 7s
1886-19
Extension 4s
1886-1926
Registered
1987
General gold 312S
Registered
-^^198
Sinking lund 6s.. .1879-192
1879-1929
Registered
Sinking fund 58.. .1879-1929
1879-1929
Regiatered
1909
Debenture 58
1909
Registered
1921
Debenture 5s
Registered
1921
1933
Sinking tund deb 5s
1933
Registered
Des Mo cfc Minn lat 78. .1907
Milwcfc Madison lat 6s. .1905
1910
North Illinois Ist 53
Ott C F & St Paul 1st 58 1909
Winona & St Pet 2d 78. .1907
MU LScfc West Ist g 6s 1021
Ext cfc Imp 8 fund g os 1929
Ashland Div 1st g 6s. .1925
Mich Div IstgBs
1924
Convertible deb 63
1907
Incomes
1911
Chic Rock Isl cfc Pac 0S...1917
Registered
1917
General gold 4s
1988
Registered
1 988
CoU trust Series C 4s .. 1905
H48
1910
M48
1916
Chic
1
Low High
9213 934
Jiifih
105 la...
108 J'ly'04
109 14...
111 4 J'ly'04
120 120 14 I2OI4 I20I4
1144
117 4 Oct '04
10534 Sale 1064
106
103 Apr '01
11278.
112 May'03
103
102
103
96<2.
984 Sep '04
IIO
1064 Oct '02
9534
95 4 Sep '04
83
83
83
SOig
80
81
81
1939
1939
1992
1992
1940
Ist consol g 5s
January
13434
13434
13214 Oct '04
1141, 114 Oct '04
10434
1021a 103
10134
ol9H
Gold 63
N48
P48
95
P412
114
108
10814
on the basis ol four marks to o ne do liar.
89 14 Sale
90 >2 1171 89
89
9515
Oct
Sep 102>iS»ae IO2I2 102^8 88 98iiil02'8
t97i2J'ly'04
t97i2l00i2
Q-J % 97»a 99
0/ $5 to £,.
iT hese are pr ices n the U
to 5
I0312
10818
13414
I32I4
Since
or
93 4
104 Feb '04
102 J'ne'99
1 07 14 Aug'04
9310
104 4
cS: Imp gu 5s. .1921
Le & Hud R gen gu g 6s 1920
10636 108
Leh cfc WUks B Coal 5s.. 1912
(/1910
13178l327e
Con eit guar 4138
I3II2I34
N Ycfe Long Br gen g 48 1941
IIOI4 11134 Cent Pacific See So Pacific Co
Chas & Sav See Atl Coast Line
Ches & Ohio g 68 ser A..fel908
104'8l07i«
J'ly'04
t93i4
131=8 132 14
108
Range
Last Sale
Ask Low
934
Bid
Gsk—(Continued)
Chatt Div pur mon g 48.1951
Mac& Nor Div 1st g 58.1946
1947
Mid Gacfe Atl DiT 5s
1946
Mobile Div Ist g 58
Cent of N J gen'l gold 58. 1987
Registered
'04
109 »a.-
'4
106'4
J'ne*02
Kl6=BOct '04
131 'b Sep '04
131i2AuK'04
111 Oct '04
130% 131
10714
IO6I4
g
1906 J-J
1901) J-J
Class B 5s
1906 J-J
Class C 4s
1920 J-J
Currency lunding 4s
1924 F-A
ol Columbia 3-658
Disl
Louisiana new consol 4s. .1914 J-J
Small
Nortli Carolina consol 48.1910 J-J
1919
68
1933 J-J
So Carolina 4 Hzs 20-40
Tenu new settlement 3s.. 1913 J-J
J-J
Small
Virginia tund debt 2-3s... 1991 J-J
6e delerred
Aug'(i4
10534
105
106 Hj 107
106 V2 107
105
I05I4
104=6
105
Friday
October 28
ol
Range
Week's
Price
STOCK EXCHANGE
Week ENDCNti October 28
N. Y.
2
High No Low High Central
107
los^bioe
BONDS
Jiange
Since
January
104=4 105 14 105 14 Ang'04
104^4 105 -4 106i4.MarH)4
Stnte Securities
Alabama class A 4
or
Manqe
A sic Low
Bid
U. S.
Week's
Last Sale
Friday
K. T.
Jan
'04
'04
10634 J'ly'04
96
95
9334 yg
104 4 10634
.tllSCELLANKOUS ItONOS—ConUnueil on Next Pace.
Street Kiiihvny
Brooklyn Rap Tr g 58
1945 A-O
Ist nifund conv g 48
2002 J-J
BkOily Ist con 58.1916, 1941 JJ
Bky Cocfc Scon gug 58.1941
M-N
Bklyn Uu Kl latg 4-68.1950 F-A
Kings Co El Istg 48
194'.) KA
Nassau Elec gu g 48
1951 J-J
City cfc S Ry Bait Istg 58.1922 J-lJ
Conn Kycfe I, Istcfe ref g4 48 '51 J-J
Den Con Tr Co lat g 58...19:;:! A-O
Den 'I'ram Co con g 6a..l91(. J-J
Met Ry Co 1st gu g 6s.. 191 J-J
Del
Ht |{y Islcon g6H.190.".
Gr Uamds Ry 1st g 5s...a]91
Louis Ry Co Ist cou g6s..l9:!i
MarkelStCRy Isl g 6a. .191;.
(/it
(
Met
:il
Ry gen
liwaycfe 7th
•Wg price
J-J
J
Av
pnce
8834
Sale
93
89
10634
io6"'
J-J
lUia
W
1184
Tp
1 1 ('.34
9 6 'a Salt
11734
FA
J-J
100
J-J
IIO*^.
A
85
J-J
84^
M-N
4
92
Oct '04
116''8Sep'04
96 't
9014
117 4 Oct '04
94 J'ne'04
106
110
llfii*.
M N
AG
91
1184 117
Oct
89
923*
1151*119
1173*
9339 967,
114
116
94
121
95
'99
J'nc'02
.
86 4
110 110
110 J'ly'04
109 4 lJfc'9',1
85 14 212 75 19 80 1*
84 4
791* 80>s
8014 Oct '04
99 Dec '97
Mar'98
iiwkM and KIrctric- Liiclit
1187^ 65 1124 1187^ AtUinlAG L Co Istg 5s.. .1947 J-T>
llklyn U Gas 1st con
..s<.l.t4.". M-N
II2I4 116
117
4nn2i4ll7"«
117
117
1164 Sep '04
a Due Jan d Due Apr e Due .Majt ffUaej'ue AUaej'ly
Due Ang oDoe uot p Duo Not tOption sale
Sal^
116 4 120
weeiL
01
11734
1
W
109
J-J
g os.loo: FA
lalcirOs 194
I-D
Friday; luteal
103
108
92
-I)
col tr
Street KniUrny
107 4 25 99 14 1071a Mot St Ry— CCon;Rel g 4s2002
ColA 9th Av Istgu g 58.1993
84 V 435
Lex Av ct P F Istgu g 58 1993
109 '4
3 io7\ no
Third Ave RR con gu48 2000
101 14 Sep '04
!0I)
lot!
Third Ave Ry Ist g 5s. .1937
107 's 108
100
108\
.M (>l
92"'(,
39! 82
S Kl (Chic) 181 K 48. 938
93
93
883^
f;9
34 791* 89 7e Mil Kl Ry .fc L 30.yr g 53.1926
Minn St Ry Ut con g 58. .1919
81 Jo Ry Ll HcfeP Istg 68.1937
98
Sop '04
90
.81 Paul City Cab con g 5s. 1937
J'no'OO
Union El (Chic) Istg 5«..1945
Untied RRsSan Frsf 13.1927
United Ry« St U Ist g 48. 1934
103 Nov'Ol
Chic SI 4()-yr cons 1: os. 1936
1074 Sale 107
83 4 Sale
X31*
109 4 1 10
109
118
•.
l'
Jlc
j
«
.
,
ltOMI>
Prief
trutaxi
N Y. ST< )C K K X C H A N K
Wkkk Knimni. OCTODKB 28
Clilc A »l L Sff Atoll T & Sa h
Chic St LA N O .sy« lU Ceiil
< ;
.
Chic St Ldb
Clue St P M
I'llts
&
Cuus Os reductxl
isr.i,
f,s...lH:t(l
to 3
PA
SClty 1st K
Chicaao Ter Trims n
'•.
HO.M)-.
Si nee
January
Bigh No Low High
L01V
94
W
HAD
136 »»
03
Jlcc'ii:!
Kfb'04
129% Marii4
1:934 129
123'.aJ ly '04
120
123
no
111>4
82
&
111
100
't
13014131"
'<
i-j
82
Apr '04
104>2Deo'03
113 Oct 00
11(0
n3'4
115
06<a 08
AW
C I -St 1, A <J isee C C C A St
Cln SAC Hee C C C St L
Clearfield A Mah 6ee H K A
CleT Cln C A St L gen c 48 lit93
lU3*j
Cairo Div 1st jiolil 48
ClnW A M DiTlst i.'4s.l',l91
80 '«
Sale
in'4ll3'4
97
89 v
'0-1
I.
I'
LDlv
St
99
I02I4
W W Val Ulv
93
A
.
131'8.
1990
A \Vh con Ist g 53.193:;
A Marietta Hee Penn KK
A Mahon Val g 5s. ..1938
A Pitts See Penn Co
87 >«
88
66
82
1-9=8
.
1
I'jSSz
10534 Oct '04
108^4 J'ly'04
102 Feu '03
13334 Mar'04
04 Si
1U4'8.
gug 3 Has.
102
13/34.
.
Pa Div 78.1917
1917
Alb & Sus Ist con gu 78.190G
1906
Guar gold 68
Kegistered
1906
Bens A Saratoga Ist 7s. 1921
1921
Kegistered
Del Riv RK Bridge See Pa Kli
D«nv A K Gr 1st con g 48. 1936
1936
Consol gold 4138
Improvement gold 58. ..1928
BloGr West Ist g 48.. ..1939
Consol and col trust 48 1949
Aug'04
114H2 J'ly'04
10334.
loa"*
J'ne'04
May"04
Apr '04
146'e Oct '04
I4712 J'ne'02
14218.
101l4l07''8 ICl
106 ....
109 J 09
99 "a 99
89
9o ....
04 14
109
1
"li
"v
99
W,
8334
1013^
J'ly'04
9934
693^
8912
May'04
Sep
110
99
95
43
100
81 Sa 82
11334 Sale
1937
1916
Atl g 68.. 1937
Kan C A
Kan City Sou
36
24
99H110
'04
100 Sep '04
96 "a
95 "2
41
45
814
921a 951a
45
664 84
87
11334
10934 11334
11338.
113i4Sep'04
111
II8I4
117>«Sale
117i«
113
1171s
1947
Erie Ist ext gold is
1919
2d ext gold 58
gold 4 "as
1923
3d ext
1920
4th ext gold 58
1928
5th ext gold 4s
1920
Ist consol gold 78
1920
Ist consol g fund 78
Erie l8t con g 48 prior.. 1996
1996
Registered
I8t consol gen lien g 4s. .1996
Registered
1996
Penn coll tr g 4a
1951
BuffN
Erie Ist 78.. 1916
gold 6s
BuiJ A S
190H
Chic A Erie Ist gold 58.. 1982
(il90<.
JeB RH Ist gu g 5s
Long Dock consol g 6s. .1935
Coal A RR Ist cur gu 68. 1922
Dock A Imp Isi cur 6s. .1913
N Y' A Green L gu g 58.1946
106«8...
114
117>8
114 114
1123^11334
IO8I4III
111 I14>a
J'ae'04
11334 J 'ly '04
IUHj...
i09\ no's 10936 Sep '04
114>-j
111 Muj'04
102 14
103HiSep'04
134 V Sale
-132
4i
101
134
Sale
6
10341034
13141354
101'« "ii
9812 Jan '04
9641014
984 98 4
1341a
i34ia
Aug'03
130
100
88 Si 89
88 >a
88
8534
89^. 1027
Feb '04
84
8534
8834
89*4
853^
'93 1* Sale
95 14
93
93 Vj 122
125ViJ'ne'04
126H»
1254 125 14
104 14
122
1 22
Oct '04
116 123
103Vil04>a 103 Oct '04
103 103
133 V...
VM Apr '04
130 132
118 J'ly'04
113411834
YA
W
1..;
113<>8.
10H>.jJan '04
1 1 5 Si
1 1 5 Ss
98 <4
107
iie^a.
W
U3k Nov'03
113^!.
llSSi.
Sus A
1st rel 5s. 193'
2dgol<l 4Sj8
1937
General gold 58..;
1940
Terminal Ist gold 5s. ..1943
Regis 40.000 each. ..1943
Mid HRol>l J Istg 6s. 1910
Wilk A Ita l8tgug58.194'.
1'8
Aug'U4
106
117
li'OSi
.
.
Oct
10841084
10941154
98
lOlSg
10141064
A
10641114
A
Hudson Co Gas Ist os..l949
KauClly ^JI()) Gas Istg 58 1922
Kings Co El L A P g 5s. ..193"
Purchase money 6s
199
Ed El 11 Bku Ist con g 4s 1939
tr
FA
MN
'
No price Friday;
latest bid
FA
J-D
M-S
J-D
J-D
J-D
J-D
J-D
M-S
J-J
J-J
J-J
M-N
M-S
MS
J-D
MS
107
107
IW
Mar"98
111»4
86 4
3ji02'4iUHi
'•
71
fc6*
98
97
98
97
10134
'04
Oct
103
OS^Sale
10341044 1044 Oct
109
Sale
1-.
527
3
'04
lOiV
904
^S't
90
102
10834
98
106»«
1034110%
106 4 107 >f
109 14
1054 J'iy'<>4
100 '4 Apr '04
10034
1114.
1004 100 ••
Apr'04
115
116
1134 Mar'OO
1034 102 Atig'04
100
ibo"' 10.14
108
104
105
1034
94
99 "4
70
103
102
104
101
lis
101410a
Mar'03
Oct 'OS
Oct' 04
70
1024106
103
Oct '01
104
102
101
Apr'04
106
101
1064 .Mar'03
I1514---
96 4 974 96 Oct 04
108 ....
123 May '99
85
854 Oct '04
7934 85
8536 Oct '04
93 '4
96^
8434
80
85 %
S.tH
96
94 '4 Aug'04
101 4 Oct '99
100 Xot'OO
108 4 107 4 J'ly'04
126 127 4|l24 4Apr'04
114 ....
90 Xov'98
1244.... 119 Nov'03
93
95
934
106 4
106»,
1074
1194....
94 ....
118
87
12441244
11934 Mar'04
93'8Mi»y'04
11934
984
106 ...
104 4 Sep '04
102 4 103 4 102>aOct 04
10241044
102 4 102 4
109
106 Mar'04
109
107 41>ee'02
99 4 8»le
994
99
1224
122 Oct '04
100 100
100
65
70
70 NoT'03
114
11436 Oct '04
87 4 Sale
87
S74
106
,
AO
J.J
J-J
AG
.
1094.
103-»4
.
A-O 1154.
A-O 1114.
J.J
110»4
.
9134
-MS
M-S
107
A-O
A-O 1034.
.
106
98 101
Ils8gl23
97 100^
1094114^
86
88
Y'
1204Oct' 04
73^
1164120«i
1104114>g?
1144J'ly'04
no Oct '04
110
116
107
1074May'O4
1094 109 Si
105 Jan '04
1074
1043« 110
105
116
105
lid
107
92
110 Aug'04
109 4 Oct '99
111 Sep '04
99 Aa«'04
111
99
1
164 117
100'%J'ne'04
100\100<%
1164 Oct '04
116
118
98
103
100
....
1(12
1024 102
10u4
99 4
101
102
Oct
100
Sale
Sale
1134
101 \ Sale
107=8
104=8
11034
994
1014
994 994
964101Ti
100
'1)4
991.
101
101
110
10138
110
J'iie'04
101»(,
10834
107*4
103 >4 Sale
1034
10741074
10041044
103 '4
1 8
J-ly '04
11534 Ang'04
1023,
116'4 118
1
1024
1940 J.J '102
11 64
97-'8
Oct
114
Sep
61
101"6J'ne'04
1931 M-N '1154
97 4 sale
AC
J-D
1144
S.
114411534
98 10234
101^8
109
'114
97
no
1004103
105'4Mar'o3
112 Mar'02
107 4 Sep 04
112 4 Apr '02
Xashv gen g 68.1930 J-D 11934
193" M-N 117
1940 J-J 102 4103
011
T34 70 68
Oct '00
.
MS
A
MS
MS
N Y BAMBlstcon!;5sl93o A-O
192^ MS
N A K B Ist g5s
XorShB 1st con ggii5sol93'. Q-J
Louisiana A Ark 1st g 58.192' MS
A
1184.
1114.
110
J-J
J-J
JD
JD
Gold 58
714
63
109'».
n
MS
L.oui8V
714 72
M-ls'
see Cent of N J
Leh A Wilkesb See Cent of N J
Leroy A Caney Val See Mo P
Long Dock See Erie
Long Isl'd— 1st coug58./ll931 Q-J
/il931
1st consol gold 48
1938
General gold 4s
1922
Ferry gold 448
1932
Gold 48
Unified gold 4s
1949 M-S
1934
Debenture gold 5s
1949
Gmir ref gold 48
Mont Istg 6s. .1911
Bklyn
1911
Ist 5s
Leh A Hud R
(•nil nn<l
93
"04
964
1114
It'l
4
1164
'.'9
4
114
-Next t'aice.
Electric
liiglit
1024
106
J'ne'03
Milwaukee Gas L Ist 4s. .1927 M-N
914.
874 904
904J'lX*0*
Mnt Fuel Gaa Co See Peop G;is
11034 Oct '04
1054 HI
N V G E L H A P g 5s.. .1948 J.D Ill
94^4 111 90
Purohnae money g 48. ..1949 F-A
96 4
94 4 Sale
94 >p
Kd El 111 1st conv g 5s. .1910 MS 104 105 111534 J'ly'04
102 4 110
1114.
112
Nov'03
X'YAQElLAPlstcong6sl930 F-A 1044
N Y A Rich Gas Ist g 5s. 1921 M-N
694 69
189 'b Sole
lb9
984 994 99
Oct '04
54
704
192 200 171419234
Oct
'04
9534 100
Ist consol gold 5s
4 Oct '01
904J'ly'04
61
894 90
88
904
10734
IO634
A-O 100
A O 1084
A O 1224126
J-J
l.«oGa8LoIStLlstg5s.el919 ,Q-F
lOlt^
AP
AX
UO> us—Continued
A
A
I
6-20-yr col tr deed g 4s. 192;
E H A Xaah 1st g 68. ...1919
iUlSCl!:l.i.A^EOUS
FA
R
Knoxvllle A Ohio See So Ry
Lake Erie A Ist g 58. .193
1941
2d gold 5s
North Ohio Isl gu g 58. .1945
L Sho A Mich S See X Y Cent
Lehigh Val (Pa) coU g 58.1997
Leh ValN Y 1st gu g 448.1940
Registered
1940
Leh V Ter Ry Ist gu g 58.1941
1941
Registered
Leh V Coal Co 1st gu g 5s. 1933
Leh & N Y Ist guar g 48. .1945
1945
Registered
Istglslpf 68.1914
EIC
1914
Gold guar 5s
Uuttied gold 48
Registered
CoU trust gold 5s
Gan
LAP
10234 104
1950 A-O
108^8 Ill's
108 7g Oct '04
111=^112»2 111 "a Oct '04
A
Higl^,
12
lOl
io7"j'ne''o4
LAN
1134117
'04
1087giio
nnti Electric l^iglit
Buffalo Gas Istg 58
1947 A-O
Con.sol Gas con v deb 6s
1909 J-J
Consuiu Gas See P G
C Co
Detroit City Gas g 53
1923 J.J
Det Gas Co con 1st g 58...191S
EdEllUHku See K Co E
Ed E lU Sae X V G E L H 1
Y Ist cou g68..1932 M-S
Eq G
Fuel See P G
Eq G
C Co
Elec Uerg Co c g 58.1949 J-D
Gas
Gen Electric deb g 348..15M2 F-A
Qt Bap G L Co 1st g &S...1915
KA
W
100
98
81>-!
11334
116
J'ne'02
844
il-N
1921 FA
1951 F-A
1951 JJ
1951
1951
1951
Ist gold 38. .1950
Kentucky Cent See
Keok A Des Mo See C
A
SeeStPMAM
A Ga See So Rj
Elgin Jol A Cast 1st g 5s. 1941 WIN
KbnCortANo S««LehANY
A
1953
Registered
J,"'a8tot Minn
-jaat Ten Va
LX
gold 48.. ..1953 .UN
1950 J.p
Cairo Bridge gold 4b
Louisville Div gold 348.1953 J-»
KCAMKAB SeeStLASF
Pacillc See M
T
Jan '02
So
Det A Mack Ist lien g 48.1995
1995
Gold 48
1951
Det Sou Istg 48
Ohio Sou Div l8t g 48. ..1941
Dul A Iron Range Ist 58.. 1937
Ja>w
KCFtSAM
88->4
^7
112
So
"04
M
109
24
UtAhCentl8tgug48al917
Rio Gr So gu See Rio Qr So
Den A S West gen s £ g 5e 1929 J-D
Des Moi A Ft D See C R A I P
Des M A Minn See Ch A N W
DesMoi Un Ky let g 58.. 1917 M-N 108
NY
(JoU'l^ust gold 48
W
Aug'Ol
149
106
104
103
Kegistered
Dul So Shore
1951
1951
Gold 348
Registered
Spring Div 1st g 348. ..1951
Western Lines Ist g 48. .1951
1923
Bellev A Car Ist 68
Carb A Shaw Ist g 48. ..1932
Chic St L A X O g 58.. .1951
127 129»4
1951
Kegistered
Illi4ll5'a
1951
Gold 34s
111014 10534
1951
Kegistered
108^4 109^8
Memph Div Ist g 48. ..1951
1931
St L Sou l8l gu g 48
13334 137I4 Ind Bl A West See C C C A St L
1935
Ind Dec A
l8t g 58
lOSiglOS
1935
Istguargold Ss
1950
104 106
lu A la Ist g 48
Ind
103 103
Int A Great Xor Istg 63. .1919
1909
142 146'%
2d gold OS
1921
3d gold 4s
Iowa Central Ist gold 58. .1938
9634 101 13
1951
Refunding g 48
104 14 IO4I4 JeHerson KR See Erie
103 109
See L
Kal A A G R See Tol SAAO C S
94 101
an A Mieh
Se^StLASF
91
83
130 V, Aug'04
140 Oct '98
129^.
Ul'a.
ANY Ist 78. .1901
ret
2000
Registered
2d 68
AG
MS
1952 A-O
1952 AO
348
109i»l]2»8
127 la 130
1 28^8 133
1091s Oct '04
130 J']y'04
.
132
W
LS AM
let g
1st gold Sssterliug
38
St Louis Div gold 38
Registered
lO.'i^.
1915
1915
Kesistered
2000
Istref gu g S^iS
N y Lack A Ist 68... 1921
Construction 5s
1923
1923
Term A improve 48
See
Extended
L X O A Tex
116
AC
let consol guar 78
DetMATol
See So Pac Co
Uinois Central Ist g 48. .1951 J.J
1951 J-J
Registered
1951 J-J
1st gold 348
1951 JJ
Registered
Middle Divreg58
CM
l8t
A H Vl8texlg48..1948 A O
Houst E A W Tex See So Pac
Omaha Div Istg
Waco See M K A T
A Western 78. ..1907
Moms A Kssex l8t79...1914
A Hud
116
693^
Sale
Oct
105
1921 J J
1921 Q-J
Col
I
96 lOO-",
70
58
112^111212
hl\
Del Lack
Warrenlst
130
128
Feb '04
116
,
106
11134 11134
86 4 Sale
W
LS
See St
Registerefl
W
Dtl
'04
683«
11534
Lovi
High
121 4 Sep '04
."Vl
HonstATexCen
69 \ Sale
J.J
1947
JanMOT}/ t'
1'
liMl
Registered
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Coluui A Cireeuv Se^ So Ky
Col A Hock Val See Hock Va.
Col Conn A Term See N A
Conn A Pas Kivs Ist g 48.1943
A St P
A Gt So See
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llOSillSi,
'04
99'^
98
69 •2
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112>aFeb'04
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or
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.^iik'03
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aUas
Dec'O'z
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.Sefl'ereMar
A I't-re
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1-orl St U D Co Ist g 44S.1941 J J
I't W A Den
l8tK6«....1921 J D
Kt W A Rio Or let g 48.. .1928 J J
"alHarAKA Se<SoPac(:o
' Tal HA Hot 1882 18158.1913 AC
(Georgia A Ala See Sea A Line
Ga Car A Xor See Sea A Line
Georgia Pacitlo See So By
GUa \' G A Xor See So Pac Co
(iouv A Oswegat See S YCenl
(jrand Rap A fnd See Penn RR
l/argo
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Greenbrier Ry See Ches A O
Gulf A S 1 1st rel A t g 58 t«1952 J.J
A St Jo See C B A Q
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1999 J.J
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100
99
105 105
100 la 103
130
Soil Co Branch Ist g 58.193U
c'.vA luil Istcon ifu g6«..192<;
Ay coll tr48
104'aKov'Ol
98
98
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69
W
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Oct '04
Jan
Mt
KegUtered.A
9934 10,1
llj>4J'ne'04
120 J'ly'03
112
12)38.
I consoIVs
1914
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1914
General consol gold 68. 19:;4
Kegistered
19:54
Ind Bl A \V l8t pref 48.1940
Ind A
l8t pf 5a...c(193K
Peo A East 1 si cou 48. . 1940
4.s
....
lo7'u....
A
CCC A
Clev
Clev
Clev
100
102
94Sj
105
68.1921
1942
Vernon Ist cold 6«.. 1923
Gray's Pt Term
14
98 1« Gt Xor—CB
98
10i:-.iSep'04
...
Bid
Atk
1224...
1064...
1034...
101 ...
100 ...
Penn Co
H
9934 101
10lVSep'04
C consol Os.-iyjo
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fcl930
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J'lyM4
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93-^....
let <r 48..1it4()
lst?:4s...l'J4'i
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102
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102
102
See
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hamje
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i
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1'
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1st tons
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1>13'»
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&
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St
[VOL Lxxrx.
Bond Eecord— Continued— Page 2
1910
96
1094 110
and asked
this
Dec '00
109
100
Oct '04
10378 109
Oct '04
100
74 122
934 96 '4
12214 Aug'04
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110
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100
105
b
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110'4
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1st con gold 6s
1943 A-O
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1947 M-S
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Eq G A F Ch 1 St gu g 68. 1905 J J
.Mu Fuel Gas 1st gug 58. 1947
Syracuse Ligliting Ist g 5s. '51 J-D
Trenton G A El 1st g 5s. .1949 M-s
MN
115 '4 1204
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100 100
120 4J'ue'04
119
101
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103
101
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104
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10834
10834
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124
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Feb '01
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6
1
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BONDS
Friday
October
130 la Sale
122
113>2
119
1st gold 6s. ...1930
106
Hender Brtgelstst g68.1931
Kentucky Cent gold 48. .1987
L<feN&M&Ml8tg4ii28l945
115
117
110
107»4
98%
98*^
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'04
J'ly '04
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108 la Oct '04
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lOSiti.
J-J
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J'ly
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AG
FA *
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22 101 V, 1071.
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15
36
2414 716
I712 578
trl990
1944
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.
6t L Div Ist ret g 4s. ...2001
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.\Dal <fc
Kan C & Pac Ist g 48. ..1990
/
Mo K E Istgu g 68. ..1942
79"* "so'
105
96 "a
6
1021-2
Oct
17S2
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102
85
113
95
118
97 Sj 99
91^8
9178
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104 la Oct '04
109 Oct '04
122 Si Oct '04
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96S» 1021a
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98 Si 105*4
80
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102 102
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118*8 122 Sj
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98
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V
/
/
1997 J-J
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1884-1904
Eegist deb 58 of.. .1889-1904
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1890-1905
Registered
18901905
Debt ceru ext g 48
1905
Registered
1 905
Lake Shore coll g aSja... 1998
Regmlered
Mich Cent coll g 3 i^s
1998
1998
Registered
1998
Beech Creek-lst gu g4s-1936
Registered
1936
2d gu gold5»
1930
Beech Cr Eit Ist g 3 Sjs 61961
MS
.MS
J-D
J-D
M-N
MN
FA
FA
FA
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J.J
J-J
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Contin'tal C st s f gu 58 g. 1 952
IGr RiT Coal & C lMtg6H..]919
Jefl & Clear C & I l8t g 58. 1926
2d gold 5s
1926
Kan<fc HCcfe C lat s f g5s.l951
Pleas Val Coal Ist gsf 5s.l92«
Tenn Coal gen 58
1951
Tenn Div Ist g 6s
ol917
Birm Div IstcoUBol 68. .1917
Cah (; M Co l8t gu g 6s. 1922
De liar C <fe 1 Co gu g 68-1910
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l8lg5»-1019
1
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latest bid
104
100
Dec '03
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'
132
130
130
100 Si Sale
100
95
95 Si
W
108*4
103
lOl^glOlTg
'03
'
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See
55
07 "g Sale
90
81"%
83
\m%
02 'a
107
102 Si
106 '4
105
1
108
112
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111
113
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76
78
95
no
107"(.
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105 107 Si
95I4IOIS1
90
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532 69Sj 83
106 <% 10718
98
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and vkedtht* week.
132*4 Aiig'04
100*8 101
99*4 J'ne'04
94=8
112
103
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110
125i4l32>4
52
2'65
Aug'()4
96 Sj 102*4
99*4 99^4
87 Sj 95 i»
112 112
99I4IO3
Oct '04
106i«Sale 104*4 10514 130 lOlSjlOSS
104 Sj Sale 103*4 104 S 51 101 104<
76*4 Sale
75 Si
75*4 106 70 '4 75*4
73*j
75 I4 Oct '04
68*4 76>4
98'8
97''8 97^
97SjAug'04
123»4
I22I4I26
Oct '04
118
125
132
112*4
11214 J'ly '03
106
105SjApr'04
J'ly '99
IO5S2IO8I4
96ia-^ug'04
98*8
91Sj
96>«
96Si
Aug'04
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85
111
94
119
117i4Oct*04
Sj Sep '04
110
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106
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118
120
94
118
109
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.
113
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95
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91*4
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ioo^io'sia
66I9 78
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aDueJaa
6
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f
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103
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95^8 99 14
118 120
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99
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96*4
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96
95=li
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102
1
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119
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109*4 111*4
110
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127»8(JCt '02
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110 Aug'Oi
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93 Sj
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12(i'e
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96
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110
104'*
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121
121
119 119
104 S> 107%
Apr'04
Mar'04
N
J J
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105
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107
107
J'ly '04
100
103\
100
87
hi
94*4
92
86
86
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64
64 Si
106 Jan '00
96
70
82
74
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64
100
87
00
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94*4 Sale
85
llOSiOct
101 Si 103
09
8(i*4
'4 J'ne'04
10514 J'ly '03
94
109*4
109
111
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64 >4 Sale
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90
94 J'ne'04
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109 Oct '99
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Oct '03
1127g
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102 Dec '03
104 >4 Oct '04
7078
78
32
BONDS—CoiUinued
Nov'OO
90
Sale
81*4 Sale
1
...
...
110iaOct'04
130 Aug'03
127 Nov'03
<fe
12218
I07'a Oct '04
101*8
101 Si
100 Sj 104
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,
101
90
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Col t & I Co gen s g 58.. 1943
Convertible deb g Ss
1911
Sep
1091a
11434 113'»4 0ct '04
113 Dec '99
N
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!
101
101
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1946 J-D
IIOSJII514 Fac Coast Co Istg 5s
ac of Missouri See Mo Pac
lUHi
116
113SjJ'ne'04
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114^8
Sink fund subsidy g 68..1910
113 113
113 J'ly '04
Penn Co— Guar Ist g4Sj8. 1921
Registered
1921
10214 Aug'04
100 103 Si
103H
tlOl4 121
Guar 3S2S coll trust reg.1937
80
80'
80 14
7918
73
Guar3S2SColl tr ser B...1941
Tr Co certif's gu g 3S28.1916
C St L<fe P Ist con g 5s. 193
Registered
112\
1932
CI & Pgen gug4Sj8ser A.'42
10014 Sale IOOI4
Series B
1942
9C'4 101*4
1001l2 171
Series C 3Sj8
99»4
1948
08 100
100 Sep '04
Series D3Sj3
1950
101*4 J'ne'04
100 10'J38
Erie& Pitts gug 3 Hjs B.1940
lOtl'4 lOO'g
100^8 Apr'04
Series C
1940
lOOSzlOOSi
lOOSiMar'Ol
lOOig
N & C Bdge gen gu g 4 SiS 1 945
ml Aug'Ol
100 101
PCC<feStLgu4Sj8A...1940
100 Si
99 Dec '02
Series B guar
101
194
99^4 May()4
99 Si 101 It
Series C guar
98^8
1942
99iaKov'02
Series D 4s guar
1945
90 "-J Sale
93 Si
86
91
90>a
Series E 3S2 guar g
1949
89
91 Si
88
89
89
8JI4 9II4
Pitts Ft W<fc C Ist 7s. ..1912
8918 89>., 884
89
2(178
1912
91 Jan '03
871.J
3d 7s
106«8
/11912
104 lOliig
106ieJ'ly'04
Penn UK Ist real est g 4s. 1923
lOHi,
102
102
102 Mar'04
Consol sterling g Os
108 '4
1905
Cou currency Os reB...f/1905
91 >v
12218 124
AG
iNewH&D 6ceNYNH<feH
131*4
.
Xor<fe South 1st
Oswego & Rome
J-J
1951 A-O
101
101
101^8 Apr'04
lOl^e.
1st g 58.1936
General gold 5s
1937
Ore & Cal See 80 Pac Co
Ore RR & Nav See Un Pac
Ore Short Line See Un Pao
lien 4 128.1926 J-J
let consol 4s
!
L
Apr'03
124S2.
109 Si.
1 02
68
1923
Registered cert1flc'8..1923
St Paulife Dul Ist 5s.... 1931
lllHilllSj!
2d 5s
91
91
1917
Ist consol gold 48
1968
1'j3'4 12818
Wash Cent 1st g48
1948
Nor Pac Ter Co lat g 6s.. 1933
121 130
90
94S) Nor Ry Cal See So Pac
113Sill6i8 Xor Wia See C St P M <fe O
88»a 92 Si Xor & Mont See N Y Cent
UliaMar'04
91 Feb '04
119
l8t 68. ...1917
Shef
101 -a
Mar'04
<fe
96
tiale
95
<fe
P
104 IO4I4
102*4 106
104
101
<fe
93i'i
128»» 128*4 128
Jasper Branch Istg 6s.. 1923
McM M & Al Ist 6s. .1917
Tift
Sj
1151a
<fe
StPaul-DulDiTg48....1996
92*4
112>4
M
Nat of Mex prior
ussjiigia
IO4I4 Apr'04
.
<fe
WW
'
)
113
19 Sj Aug' 04
113*4 Jan '02
1
.
104 Si Sale
1941
g58
Xorf <fc West gen g6s
1931
Improvem't & ext g 68. .1934
1932
New Rirer Istg 6s
N <fe Ry l«t con g 48.1996
Registered
1996
PocahCtfe C Joint 48.. 1941
CC<feTlstgug5s
1922
Scio V <fe N E 1st gu g 48 1989
14 103*4 108^8 North lUinois See Chi <fe N
North Ohio See L Erie &
91>s 96
Xor Pac— Prior lien g 4s. .1997
101 10318
Registered
1997
109 S2 116
Genera! lien gold 3s
a2047
111*8118
Registered
o2047
<fe
I
1151a Sep '04
11314
115
107
9714
96"4
ibo" Sep ''03
100*4
105
9614 May'04
99
<fe
;Mohawk&Mal SeeNYC&H
Olonongahela Rlv See B&O
^ont Cent See St P M M
Morgan's La & T See S P Co
tNaah Flor
1090811214
121 122
121 121
IO5S1IO6I4
<fe
111 113
rjos2i2oi2
96
l8t extension gold 6s..7il927
1938
General gold 48
Montgom Div Ist g 58. .1947
St L & Cairo ooU g 48..el930
Guaranteed g 4s
1931
& O coll 48 See Southern
W
Branch
109'8.\pr'04
121
Oct "04
121 J'ly '04
106'4 J'ne'04
<fe
100
&K
,
Nov'03
Jan'03
106SjNov'00
X Y Greenw Lake See Erie
N Y Har See N Y C Hud
N Y Lack W See D L & W
N Y L E W See Erie
N Y Long Br See Cent of N J
SeeNYNH&H
NY&NENew Hav & Hart—
New York
Housatonic R con g 58.. 1937
N H & Derby con g 5s.. 1918
1905
N Y N E 1st 78
1905
1st 6s
N Y & North See N Y C H
X Y O & W ref 1st g 4s. .fifl992
Regis $5,000 only
firl992
N Y & Put See N Y C H
N Y R B See Long Island
N Y S & W See Erie
N Y Tex & M See So Pac Co
<fc
9314 Sale
W
58
Sj
1937
Registered
102
108^«108S2 IO8I4 108'^.
9519...
95 "a Oct '04
101 "a...
100 May'Ol
102*4 1 03 H, 1021a Ang'04
lie's 116 Oct '04
116 Sale 116
116
109*4 Oct '03
Divl8tg48..1933
Ist
'.'.'.'.'.
95
97
68
R W<fe O T R lat gu g 58.1918
Utica& Blk Rlv gug4s. 1922
Chic & St L lat g 4s. 1937
Nov'Ol
122»4
1061a lOe^j 106*4
1933
Registered
Istg 68.1926
Verdi V X &
Moh<& Birm prior lien g 58 1945
1945
Mortgage gold 48
C Isl cons g 58. 1953
Mob J
Hob & Ohio new gold 68.. 1927
Essex See Uel L & W
Cliat
St
1913
Nash cousol&goldL Ist 7s. 1928
105
N Y
'04
108*4 Oct '04
105
109
M&
Morris
122
122
Feb '02
121
139
109*8
1931
1931
1940
1940
1951
J L <fe S Ist g 3S28
1952
IstgSSiS
Bat C <fe Stur 1st gug 38. 1989
H Y & Harlem g 3Sa8...2000
2000
Registered
N Y <fe North 1st g 5s-..1927
R W<feOconl8text5s./il922
Oswe <fc R 2d gu g 58...el915
74 k
24 14
91
Oct '04
103
1051a Sale
'-
/
981-2
92
109
,'
,
1934
lat con8or68.1909
68
Registered
48
Registered
May'OO
85*4
85 Sale
F-A
106 1051a 105^4
M-N
87 Sale
87
87
A-G
102 Jan '04
M-N I02I4
-.
'
Ist 58.. 1934
Y' Ist gTi 6s. 1932
lom
<fe
SherSh<fe So 1st gug 58.1943 J-D
1900
Missouri Pacific 3d 78
1920
Ist consol gold 68
Trust gold 68 stamped. al917
al917
Registered
1920
let coU gold 68
Cent Br Ry Ist gu g 48.1919
Leroy & C V A L Ist g 58 1926
Pac R of Mo Ist ei g 48.1938
2d extended gold 58. ..1938
Sgen con g 5sl931
Bt L Ir
V
Gen con stamp gtdg 58 1931
CnifledA ref gold 4s. .1929
Eiv&y
RR
10918
109
106*4 109 4
IO8S1 IO8S2
105 Si 109
lOOfg 101 ig
9*<
lOOOg Oct -04
98 lOOSg
99 's 100 '4 321 98S1101''.
114
104
122
120
132
129
120
<fe
Wa
FA
A-O
&
/'M K&Tof Tl8tgug5a.l942 M-S
r
95
9314,
/
;
60
12
93 la Oct '04
90»8J'ly'0]
92
Minn Un See St P M &M
Mo Kan & Tex Ist g 4s.. .1990 J-D *102
2d gold 48
McK &
Mich Cent
iofiiiiois
74
loo's Sale
McKeesA BVl8tg68l918
J-D
and refund gold 4s. .1949 MS
Minn & St L gu 6'«e B C R <fe N
4 int
M St P & S S M con gint gugu '38 J-J
M <fe P 1st 5s stpd 4s gu 1936 J-J
M S S M & A Ist g 4 int 1926 J-J
^
Pitts
C'l
105SjNov'01
1997
2d guar 6a
Ist
'
99
WW
.fe
2361
KaAAGRlstguc58.1938
Mahon
Low High
107 Sj J'ly '00
105 Oct '02
109 Sale
108 14 109
101 Sale
1928
Debenture g 48
Det Hon <fe Tol Ist 78.1906
115
117
High
Apr '02
liiO
Lake Shore gold 3SJ8....1997
Mar'03
Mid of N .7 See Erie
MU L S W See ClUc & N
& Mad See Chic <fc N
MU & Xorth S«e Oh M & St P
142 Dec '03
Minn & St L Ist gold 78.. 1927 J-D 140
113 Oct'(l4
1909 J-D 112>2
Iowa Ex Ist gold 78
1201-2 Feb'(i4
115\
Pacific Ex l8t gold 6s. ..1921 AG
121
Jan '02
South West Ex Ist g 78.1910 J-D II314
117=', 117
Oct '04
1934 M-N
Ist consol gold 58
•MU
Mont 1st gug 5s. 191
West Shore Ist 4s gu... 2361
117S2
Ask Low
104*8
104
IOISj
Nor<Si
Registered
Sinee
January 1
95
N J June K gii Ist 4s-. .1986
N Y<fePulstcongug4s 1993
110>2
115 116
.
Z8
100 Sj
Gouv&OswelstgngSs 1942
Mohcfc Mai Ist gug 48.. 1991
115
116
112
M-S
M-S
Mex Northlst gold 68.. ..1910 J-D
Cent iSe« N Y Cent
Mich
'
122
117'ijJ'ly'04
BdgeCogug48..1945
Cli Se« C I & L
ManSW
119
Registered
.
Se« L S & M S
Mahon CoalRyconsol48.1990
anhattan
1990
Registered
Metropol El Ist g 68.. ..1908
5s.... 1934
Colonii g
McK'pt & B V See if Y Cent
Metropolitan El See Man By
Mex Cent consol gold 4s. .1911
l8t consol income g 3s.al939
2d consol income g 38..al939
1917
Equip & coUgoldSs
1919
2d series gold 5s
190/
412S Ist Ser
Colltr g
Mei Internat 1st con g 48.1977
1977
Stamped guaranteed
i'sosl
115>all6
95
Bid
Ad Ist gug 48. ..1981
Clearf Bit Coal lata f 4s. 1940
Cartife
xizu
Rang*
IFeefc**
Range or
Last Sale
Friday
October
1
9714IOII4
IO6S2I07S2
96I4
89
Joint 43.1952
1952
Price
STOCK EXCHANGE
Week Ending October 28
High No Low High N Y Cent & H Vl^Continwd)
N. Y.
Since
January
101i4Oct '04
107 Hi Oct '04
95
95
IOII3.
10714.
Registered
N Fla& S l8tgug58...1937
Pens <fe Atl l8t gu g 68. 1 921
S & N Ala con gu g 58. .1936
1910
Sink fund gold 68
L<fe Jeflf
.
BONDS
Range
aqjr
IO8I4 Jan'03
I3OI2
1301.2
TJ234 Aug'03
116*8 Mar'02
122 Apr'()4
75 J'ne'02
113 Nov'99
10734
1930
2(t gold 6s
PensacolaDiv gold 69... 1920
1921
St L Div Ist gold 68
1980
2d gold 3s.;
LNA&
'^8
Ask Low
Bid
Louis V <fe :<!a,shY—{Continued)
LCiDife Lex sold4iu8... 1931
L& N-Soutli M
Week's
Range or
Last Sale
iYice
STOCK EXCHANGE
Week ending October 28
N. Y.
NO&M
NO&M
1941
Bond Record—Continued—Page 3
29, 1904.J
«
Opuoa
a»tA.
VW
Si
88
108
64>a
—
Bond ReCOrQ
194-2
BOM»
N. Y.
VTKKK
KSlilSi'
liM'.'
liu:t
!.'"1<I 4h
Uirj
Couvii'tlble K -J "a*
AllfK Vnl t'Cii >{U K 4»...194'J
CI i Mar l8l KU g4SjH..lU;f
D K H K & Bkc iHt K" 48 K.'3ti
«ir H<fc
January
HO.M>S
1
108U
High\ Ao Lo\t Htaft
111 Si Sep 'U4
lll'alll'9
108 Ang'O;*
102
lu3 11(1 U4>9l08
102 NoV97
112'4Mar'0O
M
ex Ist KUK4Hi8l941
i^ewis Int k 4h...19»0
1
110
112'«
lOH-j
l(/3
Sale
103
Oct
'04
[Vol. lxxiz.
4
iYice
triiiay
October US
N. Y.
W-'a
109 's
M S
M-N
M N
J
STOCK EXCHANGE
Wkek Endino OCTOUEB 28
Since
Aik Low
B%a
Peon Hli—<toiittnueilj
CoiiHoi
—Concluded—Page
Hange
I
or
Last Sale
October Ja
OCTOBliR 28
(JoiiHol >rol<l ;>»
Week
Kanyr
H-iee
f'rtdau
STOCK KXCMANOK
1
Southern Pac Co (Continued)
U A TCl8tR5Rlntini..l93'7
Consol g 6» Inl guar. ..1912
Gen gold 48 int guar.. 1921
Waco* N Wdiv l8lg08'3o
Morgan's La <& Tlst '78.1918
Isl (TOld Os
1920
N
108'sllO
112% Oct
UN
ifc
,
]
St
gu g 6»
1
I
MN
JD
WM
i;
AC
AO
AO
MN
AO
JD
W
.
.
,
AU&
1
N
M
W
M
W
.
FA
M
. .
M
M
FA
W
,
M
M
U
.
FA
FA
.
Sep
Jan
Jan
106
113
100
88%
ISO
121
Oct
102
'04
104% Sep
'01
'01
100
76
105
'04
'04
'04
99
119
107
108
101
109
103
111
108
92%
11
'04
'04
Sep
Oct
112% Sep
90
116%
121%
112
18% 123
1'20
114
112
125
118
112%
87%
87
103% 110%
110%
110
110
110
J'ue'04
Jan
971a
118
1
'04
'04
'04
Feb '02
123
110
115
117
110
113%
93% 99
116 117%
91% 96%
117
109
87% J'ly '04
110%
118%
90
116% 116%
121% Oct 04
111% Oct '04
122% 122 <
126
118
103
109
103
118
113
May'04
118
119
110%
108%
114
117%Apr'04
Sep
90%
109%
114%1U%
Sep '04
Oct '04
Sep '04
Jan '04
118% 118%
110 Feb'04
98%
96
1 15% Oct '04
90
1011
102 104%
112% 115%
'04
108
103
109
103
96% Oct
Vii.
'
114% Apr '04
119 Feb '04
110% Oct '04
98%
120%
106% 110%
100% iO'2
113
113
112%
113
104% 107
89%
109% Sep
110% Oct
100% Oct
1
Mmh
90% 96
.
YT<fcMei gul8lK4B.19l2 A-O
No of Cal
U>1»8
110»4
110
112
'IM
113 Sep '04
y4
vs" 96 Rep '04
l27'aF«-b'0-.^
M-N •11713.
130 Apr '04
A-O 127 '«
121 May'Ol
J-J l'.^U%
AG
90" J J 105%
1 10 V, Sep '04
Guaranteed gold 5»
iio'im'
1938 A-O 111%
J KK <&(Jaugeu48.1U44
Nash
Ore & Cal Isl guar g 6H.1927 J-J 100 Hi
Penuaooln <te At fiee L <&
89 Sale
8A<& A PasH Isl gug 48. 194^1 J.J
Peo <St East 6>* C C C <fc .Si L
120
120'al23Vj
121 Jliiy'04
SoPof ArgulslgG8...el9«9 J-J 108 14 1091*
Peoifc Pek Un Ist g 68....1921
98
101 J'ly'O'l
615)2]
98 101
Ist guar g 08
2a pohUSjs
C1910 J-J 109-,
100 4
108«8
109 Apr '02
SPof Cal Istg 68
68 1921
1905
PereMarq— OlKfc
101%
UH 122
11120 A-O l.iO-4
r20K.Oct "01
l»t g 68 series B
nint& P.M lis
1906
H2»8
Ill's Sep '04
Ist g 6s series C A D...19()6 A O IOJI4
1939
107% 111>2
l8i consol »5ol»l68
113 '4
112=18 113»4 112>4 0ct '04
109 '4 112%
1 »t g Os seriea K & F...191'J
Pt Huron Div IstK 58.1939
Isl gold 6s
1912 A-O 112 S
8lM;Tu8>fe H IstKU K 48.1931 FA
119 '4 Apr '04
119'«ll«'s
1st con guar g 5s
1937 M-N 116%
PhUa<& Reading cons 78.1911 J-D
126>«.
110%
137 Nov'97
Stamped
1906-.. 1937 M-N
Pine Cieuk reg gaar 68...1932
8 Pacof N Mex Ist g Os.. 191 J-J 108'.
Pitts Cm <te SI L 8ee Penn Co
Tex <fe N O let 78
1906 FA 101%
Pitta Cleve <fc Tol &«« B <fc O
Sabine Div Istg 6s
1912 M-S 109%
Pitts Ft
& Ch See Penn Co
120 Oct '01
Con gold 6e
1943 J-J 105 '4
Pitts Jane IstgoldBs
1922 J-J 112>4.
112i2Dec'02
Southern— Ist con g 6s
1994 J.J 118% Sale
Pitta <ft L Itrie^d g 58...al928 A-0 Ill
116
Registered
Pitta McKee*&y ifeeN YCen
1994 J-J
114»aSep'04
114>all7'-i
Mob & Ohio ooU tr g 4s.. 1938 M-S 96 Bale
Pitts Sli <fc L, K Ist g 68...1940 A-O 116»4.
98 J'ly'97
Mem Div Ist g4i3-58... 1996 J-J 116% 1171^
1st coDsoi gold 68
1943 J.J 116
98
99 S
St Louis div let g 48
Pitte & West SeeBAO
1951 J-J
3 Uiiell?!-.,
Ala Cen R IstgBs
Pitts Y A Ash Ist ecu 58.1927 .M-N II4I2
1918 J-J 117%
117Vi II712
95 I3 961a
102 Bale 101% 102 168 94% 102
Atl <fc Danv 1st g 4s
1997 J-J
1948 J-J
Reading Co gen g 4s
Kegistered.
99'aSep'04
2d 48
1997 JJ
98 100
1948 J-J
891a 91
68 91% 971a
92
96 Bale
96
Jersey Cent coll g 48.. .1961 A
Yad Istg guar 48. 1949 A-O
95-'e
Kensselaer & Sar See D <& U
C0I& Greeny Ist 6s
1910 J-J 1161a
Ricli & Dan See Soutli Ry
T Va <fe Ga Div g 68.. 1930 J-J 116
E
Rich <fc Meclc See Soutliem
Con 1st gold 58
195 M-N I2II3I2212
E Ten reor Uen g os
Rio Gr West See Den & Rio Gr
1938 M-S 112%
llOVjlllia
lll>all6 lllV2J'ly'04
Jtlio Gr Juno Ist gu g 68.. .1939 J-D
Ga Pac Ry Ist g 6s
1922 J.J 122% Sale
68
70
68 J'ne'04
Knox & Ohio Istg 66.. .1925 J-J 124
Rio gr So l9t gold 48
1940 J-J
63% 68
Guaranteed
87'2Sep'04
Rich & Dan con g 6s
1915 J.J 117%li"20'
1940 J-J
871a 871-.^
192" A-O 110%
Rocli <fe Pitts See B R <fc P
Deb 58 stamped
88
Rome Wat & Og See N Y Cent
Rich & Meek 1st g 48... 1948 M-N
Ratland Ist oon g 4ias
103
108»4 May'Od
1941
SoCar&Ga Ist g Ss.... 1919 M-N 109%
108% 104
Rut^Canadlstgug48...1949
101'4Nov'01
Virginia Mid ser C 68. ..1916 M-S 114%
&
Seriea D 4-58
1921 M-S 107%
Sag TubGr H See Pere Mara J-J 93 Sale 93
l8l Ist K 48... 1947
03
Series E68
1926 M-S 111%
t Jo &
93
84
St Law & Adiron Istg 6s.l996 J-J
General 5s
1936 M N II4I2
2d gold 6s
Guar stamped
1930 M-N
1996 A-O
90%
Bt L <fe Cairo See Mob & Ohio
O&
Ist cy gu 4s. .1924 F-A
St L. <& iron Mount See
P
West N C Ist oon g 63. .1914 J-J 115%.
St L K C &
See Waba»h
S <& N Ala Sm L <& N
Br See T RR A of St L
Spok Falls 4 Nor 1st g 6s.l939 J-J 122%.
St L
St L, & S i'ran 2d g 6» CI B 1906 M-N 106»4l07Hi loei^ io6>s
103% 1061a Slat lal Ry Ist gu g 4138. .1943 J-D
2d gold 6s Clasa C
1906 M-N 106'4
103«6J'ne'04
1031a 103% SyraBingANY SeeDL<fcW
General gold 68
'rerAolStLlstg4i3S..1939 A-O 109%...
1931 J-J 126
126 Sep '04
122% 127
11813...
112ii2 0ct' 04
i- l8t eon gold 58.. ..1894-1944
General gold 58
1931 J-J 113
110 113
9913100%
99 101
9813 001 '04
1953 J-J
St Life SFRRcon8g48..'96 J.J
6ten refund s t g48
96
9S'-i
Southw Div Istg 58.. 1947 A-O 97%
100 Jan '04
Bge Ter gu g 58.1930 A-O 112 ...
St L
100 100
86 14
Retiindmg g 4s
1951 J.J
86 Hi Sale
Tex <fc N O See So Pac Co
87 271 79I2 87
5-year gold notes 4iu..l908 J-D
94 Oct '04
94
Tex & Pac E Div Isl g 68 1906 M-S 100%
94
122i2Aug'04
2000 J-D 119 121%
K C i"tS<fe coug 68..1928 WIN 12238
Ist gold 58
11914 1221a
(58 78
93
9315
Ry ref g 43 1936 A-O 85^2 Sale 851a
K C Ft S &
2dgoldinc58
92000 Mar
85 7e
86
'110% 116
1931 J.
K C & AI K <fc B ist gu 58.1929 A-O 98 '2
La DiV B L 1st g 5s
1053.,
St Jjouifl So 6'«e Illmois Cent
WMuiW<feN'Wl8tgu58 '30
1st g 48 bd ctls.1989 M-N
99»«100
St I, 8
1935 J-J ii4%
99% 100% 104 911a 100% T0I& O C Istg 58
10 701a 86
2d g 48 iuc bond ctfa...pl98e J-J
Si's 8512 85
Western Div Ist g 5s. ..1935 A-O 110
85
Consol gold 4s
1932 J-D
General gold Ss
1935 J-D 10812
SU^aSalb
79»4
81 495 661a 81
Giray'8PtTerl8tgug5s 1947 J-D
Ist gu g 4s. ... 1990 A-O *95
Kan <fe
St Paul eft Dul See Nor Paciflc
T0IP& Wist gold 48. ...1917 J-J 91% 93
89
<fc Man 2d 6s. ..1909 A-O
TolStL<fcWprIieng3i38.1925 J-J
90
8t Paul
109»4
109»4
109>i!llO
107% 112
1950 A-O
81% Sale
1st consol gold 68
1933 J.J 13413
50-year gold 48
134% Sep '04
130 134%
96
Registered
TojHamcfe Buttlstg48./il946 J-D
1933 J.J
140 May'02
Reauced to gold 4'2S..1933 J.J limil3Hi 11284 Oct '04
10713112% I TiBter<& Del 1st coug 5s 1928 J-D 112% 112%
Registered
116i8Apr'01
1952 A-O
l8trefuudg48
1933 J.J
93%
Dakota eit gold 6s
1910 M-N 113
111»4 Sop '04
10913111% UnPaoRR& Igrg4s...l947 J-J i'o5 Sale
Mont ext Ist gold 48
1937 J-D lOZhi.
Registered
1947 J-J 103% 104%
104
104
104
100
Registered
1937 J-D
1911 M-N 113% Sale
Ist lien convert 48
106 May'Ol
E Minn 1st div Istg 58.. 1908 A-O 102 Ha.
Registered
1911 M-N 110 Sale
102% 102%
102% 10413
Nor Div 1st gold 4s
194b A-O
Ore Ry <fc Nav con g 4s. 1946 J-D 103
125 Sale
Minn Union 1st g 6s
1922 J-J 125 ii2.
Ore Short Line l8tg68.. 1922
128 Apr'02
Mont Isl gu g 68
1946 J-J 118 sale
1937 J-J 134 iii
Ist consol g 58
135 Apr '04
133 135%
Registered
103% Sale
1927
1937 J-J
115 Apr'97
4s <fe parlicipatmg
1st guar gold 58
1937 J-J 118
1908 J-J 110%
116=»4 Sep '04
Utah <fe Nor 18173
11413 116%
Will & S F Ist gold 58..193« J-D 118 >«.
1920 J-J 104%
Gold 08
117 Jan '04
117 117
St P & Nor Pao See Nor Pao
Uni N J RR & C Co See Pa RH
St P <& S'x City See C 8t P
&0
Utah Central See Rio Gr Wes
Salt LAkeC Ist g si 63.. .1913 J-J
Utah & North See Un PacUic
SFePres& Plilstg68...1942 M-S
Utica <*! Black R See N Y Cent
110 Jan '04
110 110
8 A & A P Se« So Pao Co
See Mo P
Ver Val Ind <fc See South Ry
S F <fc N P Ist sinJc I g 6s. 1919 J-J 104 »2.
irginia Mid
113»4Dec'01
Sav ¥ & West Se« AU Coast L
Va <S> Southw't Ist KU 58.2003 J-J 107 110
Scioto Vftl &
K S«« Nor &
1939 M-N 119 119%
Wabash 1st gold us
1939
Seaboard Air Line g 48 ...1950 A-O
2d gold 5s
109 110
81 Sale
81
81
S3 la
65
Coll IT refund g 68
1939 J-J
Debenture series A
1911 M-N 103V2 1U4 1031a 103%
99
96 103%
66" Sale
1939 J-J
Car Cent Ist con g 48. ..1949 J-J
92 14 Aug'04
Series B
9618
91
93
Fla Cen <fe Pen lat g 58.1918 J.J 105
95
1st lien equip s fd g 5s.. 1921 M-S
96
100 Sep OU
Isl land gr eit g 58 ...1930 J.J
100
Del & Ch Ext 1st g 6s. .1941 J-J 111% 114
Consol gold 03
1943 J-J 106
Des Moin Div 1st g 4s.. 1939 J-J
10434 J'ly '04
104% 104='4
'04
1941 A-O
Ga & Ala Ry Isl con 5s 01945 J-J
82% 80
109 12 Oct
Om Div Isl g 3138
102 109%
Gacar <fc Nolslgug53 1929 J-J 110%.
94
Tol 4 Ch Div Istg 48... 1941
109 Sep '04
1061s 109
8eab& Roal8t6s
Bridge 1st g 6s.l908 A-O 100%
1926 J-J no's.
St Chas
lll'4May'03
Sher Slir & 8o See
K&T
Warren See Del Lac <fc West
8il Sp UCtt & G See Atl Coast L
Wash Cent See Nor Pac
Sod Bay & So Ist g 58
See Southern
1924 J-J 102>a.
Wash O <fc
102 Jan '03
So Car <fc Ga See Southern
West Maryland Ist g 48. .. 1952 .\.o 87% SaltSo Pac Co— CoU tr g 4'28..1906 J-D 102 10214 02
102
97% 1021* WestN i'<fe Pa Istg 58. .1937 J-J 11814
1943 A-O
Gold 48 (CentPaocoll).fcl949 J-D
'.14^.1
Gen gold 3-48
94%
94>4
94 >! Sale
871a 95
Kogistored
(Q943 Nov
fcl949 J-D
Income 5s
94'3Ang'04
85% 9413
Ist gug 58.. ..1941 J.J loo's
'01
West No Car See South Ry
13% Oct
97 113%
Cent i'ac Ist ref gu g 4s 1949 F-A 102 Sale
01 'a 102 131 97% 1021*.
VaCenl<& P lat gOs.. 1911 J-J 111%
Registered
112
1949 F-A
Wheel'g& L E 1st g 5s. ..1920
l9'4Mar'03
"89'
Mori guar gold 3'2S..fcl929 J-D "88'^
Wheel Div Ist gold 5s.. 1928 J.J no
88
S8%
-^
88 'J
84
Gal Har& S Al8tg68..1910 F-A 109
Exten <fe Imp gold 5s. ..1930 FA 109%
It lOi-jOct '01
10? 109 "v
2(1 gold 7s
192L' J-J 101
1905 J-1) 103>-i
20-year equli) a f 6s
1
3
Sep '01
10013103%
1949 .U-S
Mex & PaclatgSs
1931 M-N 112'„
,
Ist consol 4s
90% 91%
11 2% Oct '('4
105% 11 3
Gila VG<feNl8tKUg5s.l924 M-N 107 110
1 10
110
105 11014 Wilkes & Eiftt See Erie
Hous 1£ ite
Ist g 58.1933 M-N lOd
&M
10 714001 '04
IO6I4IO714 Wil <fc Sioux F See St P
1st guar 68 red
1933 M-N 106
92 Sale
10:3ivJ'iy'0-l
1031310313 Wis cent 50-yr 1 si gen 48.1949 J-J
Hun
Since
January
High A* Low
Low
Mia
J-J 1124.
A-O 110%
Hangt
Wrtkft
Range or
Last Sale
117
'03
Oct '04
110% May'04
93 Dec '03
115% Sep '04
110% 112%
112%117
117
J'ly '00
104% Sep '02
no no
110
118
May'04
118%
100% Oct '04
112% J'ly '04
112% 118%
98 100%
liO 112%
100
Sep '04
100
120%
93% Oct '04
109% Aug'04
ns
102
122
80
108
105% Oct
101
93%
110%
106%
1-20%
'04
Sep '04
May'04
Sep '04
96
Oct '04
90
114
111
107
96
92
90
81%
82%
95% Sep '04
111% Oct
% Oct
Sep
91
86
81
lOI
'04
lOS
103v 107%
'04
93
105
11214115
111 111
68
94
96
92
90%
82%
95%
10614 113
91% 94%
105% 111 100*4 106
103% Oct '04
1003f 104
108% 113% 14tS6- 94 L. 113%
110
110
96% 110
103
103% 53^ 98%103%
24 120% 125%
125
125
117% 118% 69 111 118%
98% 103% 3924 90% 103 %
112 Dec '03
114% Apr '02
M
W
W
N
FA
,
,
,
MS
M
119
110
95
65
102
100% 106
114% 119
110%
'04
119
110
10t)'4
63
Jan
'04
'04
ll0i4Oct
90 Jeb'Oi
83% Aug'04
98 Jlar'02
995
94
66
95
102
J'ly '04
102
6SH
10014110%
90
90
79% 83%
109%Mar'03
W
A&N W
W
AO
.
,
,
'-J
WT
40
Mar'Ol
113
112
Apr '04
83
117%
96%
Sop
'04
llo%Mav'04
1U9
Apr'04
100%AUB'04
90%
911,
92
93
111
113
109% 114
110% 110%
109
100
86
109
103
92
M
.niMCl!:M.,ANEOUS
ManufncluiiiiK
Iiulimtrinl
Consol Tobacco 50-yr g 48.1951
Registered
1951
Distil Sec Cor couv Ist g 5s. '27
Disli of Anier coll trg&s. 1911
lU Steel Co deb 5s
1910
Non-couv debcu 63
1913
Int Paper Co Isl oon g 6s. 1918
Int SI Pump lo-yr oonv. 6s '13
88% 93
BONDS—Concluded.
ilUscclluneouB
<!>>:
1 1
87
88 198 84
115
117% Oct '04
93
Sep '04
96%
F-A
FA
76% Sale
A-O "73% Sale
J.J
J-J
A-O
FA
J.J
;K nicker c«( Chic) lstg5s.'2.S A-O
I
Lackaw steel 1st g 53
1923 AO
Nat Starch Mf g Co 1 at g Os 1 920 M-N
Nat Slarcli Co a I deb 5s.. 1925 J-J
& T Istg Os... 1940 FA
96%
93%
92%
74
76I4 3784
74
6
72%
74% 412
73%
99
99
92
Sep
Jan
101%
90
03
101%
Sep '04
Oct '04
92
92
1
105% 109%
97 103%
97% 97%
92% 102%
87
90%
03
60
47
)ot
M M id gr incomes. .1911 A O
<fc
lloboken L«fc
1
Sale
gold 5s... 1910
102%
103
13 100
103%
100^4 J'nc'02
.
H'kl'n FerryCol8tcousg5s'48 F-A
CliicJc* St Yard col g 68. 1916 J-J
'O.^
102%103% 103% 103\
97% Oct '(M
90
64
38
W
'99
Feb'04
108%10!ii._ 109% 109 'j
IOII4
1948 M-S 103
53% 77% Adams Ex col tr g4s
AmDk<&Imp58 Se«CeutNJ
57% 74
Am SS CO of Va g 58... 1920 M-N
61% 74%
60
62
100
111
801-j
80
Oct 04
Mar'Ol
Sep '04
66%
76%" 83"
60
M-N
Mad Sq Garden Istg 68. .1919 .M-N
Man Hch H & L sen g 48.. 1940 M-N
New]) Ne Ship d; 1) D5s(n990 J-J
N Y Dock 60- vr Ist g 43.. 1951 FA
St Joseph Sti Yds lst4%s. 1930 J-J
60
Feb '02
91
Oct
'04
89% 91%
L Ter Cupples Stjit'ii * Prop
Income gold 5s
31.^
1940
3% 41
Co l8tg4%s 5-20 year. .1917 J-D
3%
1% 4I4
U S LeathCo8fdebg68..1913 M-N 113% Sale 113
112 112
S Yuba Wat Co con g 6s. .1923 J-J
112 J'ly '04
ns'-. 29 107% 113
US l;ealtyJfcIconvdebg58'24 J.J 90 Sale >-9% 90 10 80 92 Sp Val Wat Works lat 68.1906 M-S 93%
113%J'li''00
U S Steel Corp col tr 2d 58. rf' 03 .M-N 87% Sale 86% 877,
75 %
9 70
76%
75% Sale 73
68% 88% U S Red & Ref Ist s f g Os. 1931
Registered
April 1963 M-N
85 % Sale
85
83%
68% 86
Noprlce Friday; latest Md and asked. aDueJan bDueFeb c Duo Mar dDue Apr A Due J'ly
Duo Aug Dae Oct p Due Nov {Dae Deo fOptlonaale
Stan Rope
4;
40% Oct
'01
35
.St
1-.
^j
fc
—J
.
of Business at
TBANSACTIONS AT THB
NEW YORK
Slocks
Tuesday
Bonds
$95,536,950
180,926,950
191,177,200
167,883,100
164,973,900
130,872,800
l,742.i:S6
Wednesday
1,750,214
1,391,451
Thursday
Friday
9,743.589 $931,370,900
Total.
Sales at
New York Stock
January
.fl2,643,23.'>,075
$582,900
State bonds
RR. and mis. bonds
Total bonds
1,297,235
41,983,000
15,5'i2'506.
$592,680
14,723,175
678,444,900
$9,331,550
436,100
559,573,800
$15,562,200
$693,760,755
$569,341,450
$49,700
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Oetoier 28
LUted
Bond
shares
iyu4
Unlisted
sfiares
sales
Monday
Tuesday
Wednesday
Thursday
.
Friday
Total
sales
21,071
17,925
15,759
20,133
33,689
$39,000
75,000
63,020
46,500
22,975
09,000
12,955
39,214
43,213
37,701
49,936
27,771
22,870
27,604
33,205
24,049
24,54s
21,017
$79,300
258,900
492,600
225,700
154.100
96,000
129,667
$295,495
210,790
153,293
$1,306,600
48,882
74.802
69,058
42,840
50,512
84,075
20,790
370,169
Saturday
Bond
Unlisted
shares
JAsted
shares
Outside Securities
A Weekly Review
o1 Outside
Street Hallways
NEW YORK CITY
Bleeck Stifc Ful F stk 100
1ll8tmort4s 1950 ..J-J
1[B'y&7lhAvestk
Ask
32
94
243
104
34
98
245
107
Kxch
list
B'waySurllstSsgu 1924 (108 110
99I2 101
2d 58 iul as rental 190o
HCeut'l CroBSt'n stk. .100 330 360
HlstM 6s 1922 ...M-N !117 121
stk.lOO 205 210
11UenPkN<fc
185
1(Jlir't'r& lOthSt stk 100 177
Col* 9th Ave OS See Stock Exch Ust
!
ER
Dry
DEB
€«>
3—
111
99
H Eighth Avenue St... 100 390
UScrip 68 1914 ....F-A 105
1]42d<fcGrStF'y 8tk..l00 390
42dStM <fc StNAv..lOO 60
lllstmort 6s 1910 .MS 1041-2
80
112d income 6s 1916 J-J
irist gold
I^Sorip 58
68 1932. ..J-D
1914 ....F-A
IntorborougUBapTr.lOO 15834
Lex Av & Pav F 68 -See St k Exc
Metropol Securities .See
Metropol Street By See
Ninth Avenue stock. 100
Second Avenue stocklOO
fllst mort 58 1909 M-N
Consoles 1948.... F-A
flSixth Avenue stock 100
Sou Boulev 5s 1945. .JJ
So Fer 1st 5s 1919. ..A-0
Third Avenue 6'ee Stock
P & M 5s 1928
Tarry
Street Railways
Lake St (Cliio) El
..100
fl2dinort 63 1914 ...J-J
Con 5s 1943 See Slock
Market will be found on a preceding page.
Bid
Stk E
Stk E
185
208
5102 >2
114
101
405
106
405
70
107
85
5934
list
X Ust
31,
5
96
113
Tr ctis 2% to 6% perpet
North J ersey St Ry 100
Ist 48 1948
Cons Trac
of
N J..
601.
.
1st 5s 1933
100
58 1909.. A.O
no2
A-O 110
Con 5s g 1931
Impt 6s See Stock Exc list
113
102
23S
104
241
W
E 68 1933. .A-O
BB&
Brooklyn City stock.. .10
Con 6s See Stock Exch
Bkln Crosstn us 1908. J -J
li
list
102
BkuHgt«l8t58l941 A-O 104 106
Bkln y Co & Sub See Stk Exch list
Bklyu Hap Tran See Stk Exch list
81
70
J-I) 51O8I4 108'4
New'k Pas Ry 58 '30J-J H14
Or & New 1st Os '05 A-O noo
Essex Pas 68 1905 M-N noi
Rapid TYan St Ry..lOO 250
A-O 109
Ist 58 1921
17
J C Hobcfc PatersonlOO
1949
M-N 78%
4s g
So J Gas El & Trac 100 115
Gug68 1953
M-8 102
No Hud Co Ry 68' 14 J- nil
J-J 109
58 1928
M.N
Ext 58 1924
City con 68 '31.J-D «122
Pat
2d 6s.. ..1914 opt A-O noo
99'.
Ust
106
11412
101
79
117
104
113
110
105
100 ifi
no5
96
23
68
66'',
Exch
Exch
list
Ust
23«^
77^8
23 12
48
50
83 14
7812
8412
Gas Securities
NEW YORK
111
& Bklyn ..100
1st cons g 48 1948.. J -J
BrkCcfe N 68 1939.JJ
Coney
75
%
1%
50
100
100
15
21
17
A.O no2
.
^
'
--J
11
I
. .
li
EqultGascou68l032 See sik
liMutiial Gas
100 290
New .Lmslerdam Gas
J
109
]•;
lis!
310
no
f
N V G E L 11 •£: P 6'ee Stock Exch lint
340 350
N Y & East River Gas—
100 '4 101
114
l8t5s 1944
J-J 5111
110
Consol 58 1945
J-J 107
113 115
GrSt<fcNewl8t68'06F-A 100
Richmond Gas. 100 35
N
Gr'pt ALorlmor St Ist 6s 104
Nor Un Ist 68 1927. M.N ?103 106
150
Kings Co. Elevated—
llStaudard Gas com ..100 130
170
Ist 48 1949 See Stock Exch U8t
II Preferred
100 156
100
Nassau Elcc prof
75
ist 6s 1930
M-N niO'i 112 H,
A-O 110 113
68 1044
OTHKH CITIES
.See 81 k Exc ii list
Ist 4a 1»51
N Wb'g A Flat 1st ex 4 Has 101 104 Amer Light & Tract. 100 62 65
981
Stein way Ist 6s 1022.J-J ni8
95
Preferred
100
»3
Bay Slate Gas
50
97
BiiiKhamton (ias 5s 193H i 04
OTIIUB CITIES
Brooklyn Union Gas del)
Buffalo street Ry—
196
Os 1909 conv '07... M-S 195
Istconsol 5h 1931.. F.A ni2
5
Burtiilo City Gas stock 1 00
Deb 6s 1917
A.O 5105 107
Central Foundry
2
l8t 58 1947 See Stock Exch lisi
100
Chicago City Uy stk. loo 178 180
Preferred
13
Chicago Gas i'eeNVStk Excl: list
100
Chic Unlon'l'rnc&'erSt'ck Exch list
Deb Os 1919 op 'OlM-N
64
Consol Gas of N J
100
Clevelniid ElcclrHy.lOO
CfMitiiry Realty
92
74
1 -J
90
75
100 105
l8t 58 1936
ColnmbiiH (O) St Ky..lOO
ClioMCliri)ui<li .MfgCo 100
9534 97
420
Consumers' L H <ft Pow—
Preferred
100 108^4
llClallilKll H) Islpref 100
92
OH 1938
J-I) 5110
Colum Ky con 5s See l.'li ila list
1|2d 1) referred
95
100
City G.as
TlDclroil
50
Cro«8l'wn let5s'33.J-D ilOH
05
Elizabeth Ga« Lt Co. .100 220
11 Common
100
Grand Itaplds Ry
100
Col<& ilockCoaltfelpf 100
66
58
Knsex & liudHon Gas 100 116 118
60
Preferred
1()0
85
85
60
64
Ist g 5s 1917
90
Fort Wayne 6s 1926. ..I -J
J-J
i Bayer pays accrued Interest,
Sells ou Stock
a Bx rights. xEidiv
t Price i)er tluire.
t Sale price,
1i
%
t
Cent Union Gas 1st 5s.. 5108 109
Con Gas (N Y)8tk. ,Sec St k Exc list
Conv deb 68 ctfs SevHtk Kxch list
Ist consol 5s 1948. .J-J
Preferred
Electric Vehicle
Preferred
40
70
1:
260
110
IO6I2
9312
W
Ave
6O34
24
80
76
M-N
X Ust
192
212
103^2 Rochester Ry pre! ...100
Con 5s 1930 See Phila
nil's 113
2d 5s 1933
J-D
172 176
no2 106 80 Side El (Chlc) Stk.lOO
Syracuse Rap Tr 58 1940
{106 108
United Rys of St"
Exch Ust
Com vot tr ctfs
100
103 106
Preferred
100
YkersStRR 5s iy46A-0 105 107
Gen 48 1934. ...Sec Stk
28th <fe 29th Sts 1st 6s '96 511212 114
UnitRysSanFran i'eeStk
IJTwenty-Th'd St stk 100 390 400
Wa8hRy& El Co.. ..100
JJ 96
99
Deb 58 1906
Preferred
100
Union Ry 1st 58 1942 F-A 109 112
J.D
48 1961
Westchest Ist Os '43 J-J 102 106
UWest Chicago St ....100
UCong 6s 1936. ...M-N
BBOOKLTN
Atlan
Ask
Bid
stk. 1 00
J-J
98
114
HLouisv St5sl930..J<feJ
Lynn<fc Bos 1st 58 '24. J-D ni2i.2 114 Hi
100
9
10
New Orl KysCo
100
27
29
Preferred
JJ 78 80
ihiS 1952
North Chic Str stock. 100
78
80
Pub Serv Corp ot N JlOO 1031^ 104>2
1st 68 1928
30
100
100
Y&N
J'hiladelpMa
Boston
Preferred
Electric Lead Reduc'n.50
23
^4
Eleciro-Pnemn'icTranlO
3a
6
100
Empire Steel
3
5
100
32
38
100
Preferred
40
45
J-D
Ist 63 1926
49
55
65
07
UGeneral Chemical ..100
Pat & Pas Gas & EleclOO
94% 97
100
5IO212 103 12
11 Preferred
H Con g 58 1949. ...M-S
«(.
34
1
Gold HUl Copper
90
91
8t Joseph Gas 58 1937. J.J
Greene Consol Copper.lO 1 20=4 21
10
Greene Consol Gold... 10
Teleirr tfc Telephone
8
10
92
HAmerTeleg* Cable 100 90 100 HackensackiNteadowslOO
Hackensack Water Co
BeU Teleph of Buttalo 100
95
106 109
Ref g 4s 52 op 12. ..J-J ?94
11Central<fe So Amer. 100
77
83
100
Hall Signal Co
..100 210
II Commercial Cable
Havana Commercial. 100 12
Commer Un Tel (N Y).25 115
100
Preferred
Emp <fc Bay State Tel 100 78 82 Havana Tobacco Co. .100 36 30
29
47
52
100
Franklin
39
100
Preferred
100 120 123
UGoldife Stock
HeckerJones-Jew'l l^IUl
1T4iijS, 1905
Hl-S 102
105
90
IstGs 1922
Hudson River Teleph 100 I57I2 94
159
Herring- HaU-MarvinlOO
1
J Teleph... 100
UN
30
40'
100
1st pref erred
5s 1920 See Stock Ex Chang e list
3
120 123
100
6
2d preferred
UNorthwesternTeleg. 50
82
78
Hoboken Land& ImplOO 200
25
Pacific cfe Atlantic
100 103
M-N 5102 105
1153 19X0
USouthern <fe Atlantic 25
1
100
3
Houston Oil
16
Electric Companies
100
PrefeiTed
90
Hudson Realty...
100
Chicago Edison Co... 100 158 160
Internal' IBankmgColOO 160
170
UKing-sCo BlL&PColOO 200
8ij
91
Int'n'l Merc Marine. 100
8%
Narragan (Prov) El Co 50
24
2434
Preferred
100
NY&QElL&PowColOO 55
79
85
Col tr deb 4%1922op'07
81
Preferred
100
19
25
International Salt
100
21 /
UuitertElectricoIN JlOO
67 1< 59
78
1st g5sl951
78 iv
J-D
48 1949
International Silver. 100
9
30
Ferry Companies
Preferred
100
40
99% 100 14
5
J-D
6h Ist 68 1948
Brooklyn Ferry stocklOO
12
106 111
B& NY 1st 68 1911. J-J Exch Ust Lanston Monotype 20 187% ltt7%
Lawyers Mort Insur.lOO
Con 5s 1948 .See Stock
77
85
Lawyers' Title Ins. ..100 310 318
Y & E R Ferry stk.lOO
N
I.ord cfc Taylor pref ..100 102 14 105
1st 5s 1922
M-N i 89
IILorillard (P)pret ...100 130
N i'&Hobcon 58 '46. J-D no9
Mack iv Companies ..100 3234 33
Hob Fy Ist 5s 1946 M-N no9i2
7-2% 73%
Preferred
100
N V&NJlst58l946.J-J il04
10
45
MaiUson Sq Garden. .100
20
10th & 23d Sts Perry 100
M-N
2d 6s 1919
mort 5s 1919... J-D i 91
Ist
^\ "I"
32
Manhattan Transit
20
TJUniou Ferry stock .100
94I4
Mex Government new 4s 93
1)l8t68l920
M-N 93
10^4
Mex Nal Consiruc.pflOO
Railroa<l
Monongahela R Coal. .50
Preferred
23
50
Cliio Peo <fe St L pref.lOO
21.,
Mont & Boston Consol .5
Deposited stock....
Ihs
212
Mosler Safe Co
100
Undeposited stock
1021a
16
102
18
llNal Enam& Stamp 100
Prior lien g4i28'30AlikS
78
88
90
Pref erred
85
100
Con mtg g 5s 1930. J&J
121-.
17% National Surety
125
100 115
Income 5s 1930
42
20
48
Chio R I c& Pac— Ret g 4s
llNow Central Coal
93
N Y Biscuit Os 1911. M.S 105
1934 op to 1911.. ..A-O
90% 92 N Y Mtge<& Security. 100 135 145
Erie couv48Aprl'53 A&O
14
16 J
100
N Y Cent deb 4 s '34.M.N 99 99^ llNew York Dock
47
54
'Preferred
100
Northern Pacific
100
734
160
N Y Tran.sportatioi!...20
8
When released
1
1%
Northern Securities.. 100 no's 11714 Nor Am Lum'r tV: PulplOO
4% 4%
34
36
100
llOntano SUver
Pitts Bess & L E
50
38
74
77
Otis Elevator com
100
40
Preferred
50
95
99
Preferred
100
Seaboard Air Line—
18
20
1
CoUtr5siy07 op... M-S 90 =( 97% Phoenix Mining
26I4
26
f
II53.J II6I4 Pittsburg Brewing
50
South Pac pref full pdlOO
35
Preferred
50 f 46
46%
Va<fe Southwe.sDern..lOO
16'6
Pittsburg Coal
100
Wabash Pitts Term Ry
70 'e 71
90
9068
Preferred
100
l8tg48Junell954.J-D
4
43
43 ^ Pope Mauufacturing.lOO
5%
2dg48June 1 1964
70
79
100
Isl preferred
Industrial and ftliscel
15
18
2d preferred
100
Alliance Realty
Pratt <fe Whitn pref.. 100 100
100 112
13% 14 Realty Assoc (Bklyn)lOO 138 140
llAUis-Chalmers
100
53
61
109
Royal Bak Powd pref. 100 107
llPref erred
100
67
63
Russell & Erwin
25 t 61
UAmer Bank Note Co. 50 t54
ISO
e^s
C3s Safety Car Heat <fe Lt 100 175
American Can com... 100
I32
Is
47
47% Seminole Mining
Preferred
5
lOO
American Chicle Co.. 100 103 105
Singer Slfg Co
100 500 GOO
20
88% 05 Standard Coupler comlOO
28%
Preferred
loo
Is
125
American Elevated
Preferred
100 110
9
Am M.'iltingOs 191 4. J-D 103% 104% Stiiudard MUling Co. 100 32 10
34
Amer Press Assoo'n.lOO 85 100
Preferred
100
381-2
80
81
Amer Shipbuilding. 100 36
58
94% Stiindard OU of N J.. 100 646 648
Preferred
loo
14
4
Am Soda Foun com.. 100 2
Storage Power
50
•a
73
68
1st pref erred
Swift & Co See Boston St k Exc li'ge
100
11
14
2d preferred
Ist 53 1910.1914. ...J.J noi% 102%
lOO
American Surety
Tennessee Copper
25 t 32% 33 1«
50 167 175
90
Amer Tobacco (old).. 50 250 500 IJTexiis & Pacific Coal 100 75
Preferred
Ist 6s I'.HIS
A-O 5105 110
See Stock Exch Ust
555
Amer Tobacco (new)
Title Guar cfc Trust ...100 645
162
225
Common (w i)
Title Ins Co of N Y..100 155
OSg
97,
86
86% Tonapah Min (Nevada). 1
Preferred (w i)
15
64
64% Trt' nt 111 I'Dtt cries com 100 12
48 (wi)
83
s5
107% 108
I'refiMi'iHl new
100
68 (wi)
Am Typofo'rs com... 100 31 35 Trow Directory new. .100 65 76
'4
90
95
Prof eiTed
10 t
°t
Union Copper
1 00
95
Amer Writing Paper. 100
3% 4 Union Typewr com. .100 90
100 112 115
Preferred
17% 18%
1st preferred
lOO
110
80
81
100 107
68 1919
2d iiroferred
J..1
\\
2
20
HBarney cfc sm Car ...100
Unit lioxboardifc Pap.lOO
9% 11
100
Preferred
117%
Prelerred
100
1]
6
8
100
Bliss Coiiip.any com
U S Cotton Duck
50 130 140
20
Preferred
60 130 145
U S Enveloiie com...lOO
73
77
100
Bond* Mtg Guar
100 465 500
11 Preferred
Borden's Coud Milk.. 100 121
125
U S Ri-aliyit Imp See St'k Exch list
14
Preferred
113
100 110
U S Slilpbuililing (w 1)... 12
1
i;5
70
Preferred (w i)
Camden Land
>10
3 t
3234 33
.,
_._
Celluloid Co
lis
5 cerlifs
100 117
Cent Fireworks com. 100
15
20
U s steel (Jorp new 68 See St k K X list
112
Preferred
(;ol ti s t5s '51 opt '11 .. Jill
67
63
1 00
<fe
OS 1938
HO & Ind G Nat &
$43,280,235
OoTernment bonds
82
S.D
UCong 58 1948
No Hudson L H Pow—
28
135,077,169
$17,500
BONDS
Newark Consol Gas. .100
Electric Boat
42
109
136
83
109
39
Madison Gas 6s 1926.A.O 5106
Newark Gas 6s 1944. Q-J U35
1903
1904
2,058,212
9,743,589
Stocks— No. sliares
$931,370,900 $191,897,300 $11,563,377,300
Par value
$543,800
$3,400
shares, par..
Log&WabV lst6s'25.J-D
1 to October
124,625.282
Bank
11
$41,983,000 $1,297,235
1903
1904
$68,500
131,035
345,000
288,700
222,000
242,000
$3,583,500
8,272,000
10,680,500
6,197,500
7,19a,0OO
6,056,500
Week ending October 28
Exchange
V S
Bonds
State
Bonds
Par value
989,207
1,889,989
1,980,592
Monday
STOCK EXCHANGE
Railroad &c
Shares
Satmrday
Industrial and lUiscel
Bid
Ask
iias Securities
Bid Ask
% 1
Compressed Air Co... 100
36
34
i3,a.s & El Bergen Co. .100
00
66
Gon.solid Car Heating 100
Grand Bapida Gas
13
1[C<>ns Firew'ks com .100
F-A noi 103
Hist 58 1915
65
100
97^2
100
96
U Preferred
Hudson Co Gas
5
5%
Ust
Cons Ry Ltg&Refrig.lOO
See Stock Exch
58 g 1949
^4
1
Con.sol Rubber Tire. .100
Indiana Nat & 111 Gas—
9
11
Debenture 4s
46
M-N 42
l8t 6s 1908
Cons Storage Battery 100 .... 10
81
50
70
Indianapolis Gas
M-N n05>-4 107 CoutTobac'deb 78'05A-O 101% l02%
istes 1920
3
5
Cotton Oil&Fibre,pref.25
81
50
Jackson Gas Co
20
25
Cramps' 8h <fcEn BldglOO
A-O i 9S 102
53 g 1937
6^8
634
100
llCrucible Steel
20
100
12
Kansas City Gas
40I4
40
100
Preferred
58 1922 See Stock Ex. ust.
100
102%
95
Cuban 6s of 1896
TILaclede Gas...
?.?:
-o,
UDiamond Match Co. 100 135% 136%
80 100
100
H Preferred
10
Dominion Securities. 100
63
58
Lalay'eGaslst6s'24.M-N
Stock Exchanges
WEEKLY AND YEARLY
DAILY.
Week endina
October 28
iyu4
1943
THE CHRONICLE.
Oct. 29, 1904.1
Volume
—
—
<
,
Is.
Y&
t|
'
.
2
V
15
61)
116
("ol trs f 5m '51 not opt..
Universal Fire Ext'r. 100
Universal Tobacco... 100
I'refcrred
ail
Wi
6
7
1
130
160
6
lot)
& Bronx
Mort Guar Co.
Wi'Rlchester
iof
105
105
80
92
Tille.fe
Weslingh Air Brake. .6t) 1134%
White Kiiol) .Mining. 10
Worthing Pump pref.lOO 119 1'26%
]fisoh»aere,
I
bat not A very active seoarlty.
•
i1
6
1
•BOSTON STOCK EXCHA.NGE -Stock Record,
^liurr I'ricen— Not I'or
Atonitay
>naay
HaturUaii
22
Oct.
M
86 >3 86»e
250
lf.«
163
163
•'.'iO
....
....
•J40
•IGO
260
Si
1U6
308
151
16i
303
155
185
185
185
13U
137
•48
frl
139
60
83
'M)I
153
I'ricen
saH>cKs
Jianf/e tor
Year
llange for t^eviout
iyu4
tKt
01
rear (1903 J
Week
KXCHANGK
Kiiilroatlit
Top Ac .Santa
Weekly and Yearly
Salef
BOSlX>N STOCK
fYidau
Oct. 28
1 /luriiiny
Oct. 27
26
Oct.
Share*
Jlighetl
tioviett
Lcyoett
HinKtsl
Marl 4 88>«Oct 25 64>« An« 89 'e Jan
111 88 Jan
100
lo2SiOct 2'2 K5 Aofr 103 14 Jan
loo 23934 J'ue 7 251 Si Oct 2.', 214 J'ne 262 S» Feb
100
153
153
3'J4'xl37 Feb
154 Si Sep 26; 134 Auif 154 Ja
100
Latt .'ialf
240
100
230 Marll 240 Apr23 ;2;'-0 Aug 250 Apr
166 16512 165 165
100
36^,158 Aug 3 169 Hj J'ly 13l 161 J'ne 195 Jan
Latt Hale 170
J'ne 177 Apr
Apr 10 1 74 Oct 7
Oct '04
100
Do pref
I166
302
Feb 24 303 Oct 2 '290 J'ly 305 Mar
302
302
3 2',15
302
BoHton <fe Providence 100
COG 136 J'uel 154 Oct 22 133 Sep 157 Jan
151
162 (Jliic J uuc Ky & U B V 1 00
I&.">gl62't 1521a 15234 150 153
10 rllfiia J'nel5 r24SjJan ly 110 Nov 1
123 Si 123 Si
Jan
Do pref
100
J'nel4 185 14 Sep 2'.^ 184 Not 196 Si Mar
28
185
Con<fe Mont Class 4.. 100
Latt Sale
Sep '04 Conn <fc Pass Rir pref 100
160 Apr 6 162>aJau 4 160 Jau 170 -Mar
Latt.Sale ^8J
Oct '04 Connecticut River... 100
276 Jan 25 285 J'nelo 270 Aug 286 Feb
138
115 133 J'ne 6 141 Apr 7 131 J'ly 14312 Feb
138 FitcUburg pref
138 138 •138 139
100
137 139
24i4Jan 2 4334 Sep 12 25 Oct 39 Si Jan
•48
Latt.Sale 48^2 Oct '04 (ia Ky <ft Electric
60
60
loo
•4S
•81
Latt Half i<iSj Oct '04
•81
73 Jan 27 83 Aug 18 76 Dec 83 Si Jan
82
82
Do prel
100
42 Mar 42 Mar
La tl Sale 4<i
Mar'03 Houston El'tric com. 100
Latt Sale 171
Sep '04 Maine Central
170 J'ne 7 175 Apr 2 173 la Ma) 180 Feb
100
Nov 3734 Feb
1 7
13
13
13
13
13
13
13
13
100 1,530 lli4SeplO 24 J an 2
.Mass Electric Cos
76 Dec 96 Jan
80 >« J an 2
65
65
65
55
65
63
65
65
Do pref
100 1,972 62 -4 Oct 2
6R0
2 -^=8 Apr
8''6 Nov
1734
173. Mexican Central
18"%
6 Apr 25 19 Oct 24
1738 1738
19
19
18
100
1H4
194 N Y N H <fe Hart.. ..100 1.298 185i2May25 199 Oct 22 tl8»SjMay 225 Jan
197 >a 198
197 1971-. 194 196
Lail Salt lfi5
Aug'04 Northern N H
159 Aug24 163Si2ipr 7 1611* Dec 173 Sj Mar
100
Latt Sale
222 Jan 29 232 Apr 21 220 Sep 232 -Mar
Sep '04 Xorwich & Wor preflOO
202 "a 203
201
203 Old Colony
84 198 J'nel3 207 Apr 21 196 ATl(t 212 >a Feb
202*4 20234 301 203
100
Latt Sale
76
74 J'ly 26 80 Si Feb 1 74 J'ly 91 Mar
76
Oct '04 Pere Marquette
100
77
7534
763.
77
76
Do pref....
100 1,250 68 Marl 7 77i2 0ct26 68 Sep 85 Jan
77'a
50
45
50
53 Rutland pref
57
66
44
66
100 1,277 29 Aug 12 57 Oct 25 30 J'ly 71 Jan
7 J'ly 25 JaJl
Latt Sale /5 '4 Oct '03 Savannah Elec com.. 100
•40
•40
Latt Sale 4U
40 Jan 15 42 Feb 3 75 Jau 8434 Jan
50
50
Oct '04 Seattle Electric
100
>92
•92
8
•92
93
87 I4 May25 95 Si J'ly ' 911a Oct 104 Sj Jan
94
94
93
94
Do pref
100
109'alll78 109 111>4 10712 10976 IIOS2 111=1 Union Pacific
100 7,075 7l38Mail4 Ill's Oct 26 6634 Aug 104 Sj J an
•,15
125 86i4Mar
9514 Aug2.-J 83 S, Oct
95 Jan
9434 94',
95
94 Sj 9514
94 Sj
94 S,
Do pref
100
42 160 May 16 171 Oct 22 xl62 Sep 178 Feb
170 171
Vermont & Mass
100
"9134 West End St
163 S9 Jan 4 93 Mario 87Sj Aug 97 Feb
dl^ 9l'i 9II3 9112 91 Sj 9112 91Sj
50
111
•111
41 108 Jan 4 113i8Apr26 108 Sep 116 Feb
111 111 111
50
Do pref
15 la Nov 2638 Jan
1614 J 'iy 27 17 Sj Feb 26
Latt Salf Iti'a Aug'04 Wisconsin Central... 100
Lait Sale 37'a Aug'04
37 Sj J'ly-" 40'4 J'lyl8 381* J'ly 52 .Ian
Do prel
100
Jau
145 Jau " 144 Sep 150 Jan
Latt Sale 14o
145
Ang'U4 Wore Nash & Roch..lOO
iHiscellaneoua
9 Nov 26 Feb
1912
19
20
20 Amer Agricul Cliem.lOO 6,428 12 Sj Apr 14 2034 Oct 22
191a
201a
191a 20 H
66 la Nov 86 '4 Feb
83 Oct
82
82
82
83
8212 83
82
Do pref
100 1,272 71 Jan
83
•5 'a
3i2Feb 4
Mar31
3 Sep
-Mar
326
6
7
6
5'8 Amer Pneu Serv
514
•SHj
50
6
•5Sj
24I4 25
595 17 Feb 27 2712 Sep 16 12 Sep 24 Mar
24
25
25
24 Sj
2412
25
Do prel
50
32.133 122 Sj Feb 24 142-38 Oct 28 10738 Oct 134 14 .Jau
139^4 1364138'* 13734
138 13912 13734
14238 Amer Sugar Refin
100
713 122 Si Jau 5 136 Aug30 116 Aug 12.-iSi;'eo
135 I3512 135 136
136
136
100
136 136
Do pref
14334 I45I4 142 Si 14312 143
1433. Amer Teiep & Teleg.lOO 7.615 119 14 Feb 19 1453j,Oct 24 1141a Oct 169 Sj Feb
14434 145
634 Oct
I8I2
ISi,
9 Feb 19 20 Oct 17
1714 18
18
14''e Feb
18
171a
17 Si Amer Woolen
100 3,075
8338
8334 8412
83 Sj 84
85
K334
100 2,040 OSiaJaniy 85 Oct 25 65 Oct 7914 Jan
84
Do pref
534 .Jan
4 Sep 23
33, •
3 la J'ly
33,
Latt Sale 4
3 Si Mar28
10
Sep '04 Boston Land
130 I12iaJanl6 119'8 0ct35 115 Oct 127 Jan
119
119 119
119^8 lli"e *118 120
119 Cumberl Telep & Tel 100
•13
714 J'nelS 16SjOct 3
470
61a Nov 6214 Jan
•14
14
14 14 Dominion Iron <& St
14
I412
Vih 14
7i4 0ct 12
834 Jan
5 la Oct
•634
205
5 Si Jan 23
•634
714
634
6
e-a
6Si
7Si East Boston Land
18 230 Feb 26 265 Aup22 223 Dec 310 Feb
•250 252
250 *
251
250 Edison Elec Illuin...lOO
403 al51 J'ne22 17812 Jau 2'. 138 Sep 201 Feb
•175 177
17434 175
177
174S2 17611 G-eneral Electric
100
176
42 14 421.
42^8
41=8
4214 423<
42
42=6 Mass'chusettsGasCoslOO 0,266 3739 Maris 44I4 Augl8 30 J'l7 4834 Feb
74i4J'ly 8s'e Feb
84I4 84^2
84^4
G3y 7734Marl4 8434 Oct
8434 843<
84',
Do pref
100
841a 34'ii
116 173 J'ne 2 190 "a Oct 28 I6434 Aug 190 Feb
190 190
190
190 19U
190 192
19012 Mergenthaler Lino.. 100
lis Oct
2 Si Jan
ITg
lia
184
m, Apr 30 2 Jau 25
IH.
2
13, Mexican Telephone.. ?o
I'e
l^e
I'b
134 136
131 134
135
276 118 Feb 23 135 Oct 26 121 Nov 13y Jan
134 134
lOo
135 N E Telephone
9 Apr 20 Jan
SjOct 11
4 Jan 28
200
PlantCom t'st stk comlOO
8 Oct 10 17 J'ly 1
Latt Sale 12
100
Do pref
Oct '04
228
226 Si 228'-.
228 228
100
2271a 328 S. Pullman Co
102 208 Maris 230 Oct 13 197 J'ly 237 Jan
6»aDec 10 Feb
8'8Aprl4
•8
•8
•8
834
83,
834
61a Jan 19
8
834 Reece Button-Hole.. 10
100
112
112 113
113 113
loo
113 113
112 Swift <fc Co
396 X9934 Mar21 116 Oct 10 99 J'ly 132 Jan
22 la J'ly 18 22 la J'ly 18 25 J'ue 2634 Jaa
22'-.,
221a Last Salt '22 Sj
Oct 'Oi Torrington Class A.. 25
28 J'ly 2934 Jan
2412 Oct 21 26 Augl
Latt sale ?4^ Oct '04
25
Do pref
•24>a 25
•24'a 25
134 Jau
5 Apr
4I2 Union Cop L'd & Mg. 25 1,550
J an 1
•4
•4
2
4 Si Oct 1
41,
*4
41,
4 Si
41a
101ial05
10434 10434 104 Si 10434 104
100
104 Si United Fruit
560 95 Feb 8 113 J'nelo 91 Aug 111 Jan
45i4Feb26 65i4O0t 19 SsSjOct 63 Jaa
•5414
5434 5434
65
543. United Shoe Mach... 25
54
5 4 '4 543,
218
3lia 3112
3lia
31
31 Si
25
311a 31 S.
Do pref
384 28 Jan 28 32 Oct 20 27 Aug 31 la Feb
31Sj
Sep 15i«Feb
7
1334 Oct 19
6SjMayl
1214
I2I4 U S Leather
13
13
1134 113<
100
280
7134 Oct
95 la May
9034 903,
100
Do pref
10 77 Jau 16 9238 Oct 21
9 Oct IsSjFeb
1034 Feb G 28SiOct 19
100
20
U S Rubber
33 J'ly 57Si Jan
83 14 831.
100
Do pref
63 40 12 Jan 6 S434 Oct 1
838Mayl3 2234 Oct 17 10 Nov 39 's Feb
20 14 21 le
2034 22 V
20
100 16.687
19 Si 20'*
20U U S Steel Corp
83 -^
8038 82
7934
811-.
100 20.253 5l'8Mayl3 83*% Oct 17 4934 Not 89-'^ Jan
82
783* 801*
Do pref
50 Apr 12 •75 Jan 14 'do Jan '80 Mar
••70
•70
•8712 Last Sale 73
•87 Si
25
Oct '04 West End Land
Jan
7 Sj Nov 28
OSjJ'ue 3 20 Oct 24
20
19
19
19
19
19
665
19Si West Telep <& Teleg.lOd
Feb
95
96
loo
95
96
96
97
96
97
Do prel
71 76 Marl4 99 Oct 12 71 Oct 102
•85
^3 85
87
87
87
Westing El & Mfg.. 50
53
8.5
52 7534 J'ne28 87 Oct 26 67 Oct 108 Feb
too Is Aug 8 100 Jan 15 6034 Oct 110 Jan
•94 100
•95 100
50
Latt Sale 94
Do pref
Oct '04
8738 8SS.
87
102 102S,
102
250 "^ 251 asi^j
163 >v 163 1531-2
240
166 "a 165 Vi
166
1U2
250
Oct 25
2*
Oct.
Centum
Wednesttay
Tut$daii
Daily,
4
17
861a 87
101381013^
251 251
153 153
8434
101
-2
85 w,
loiia
25 1
153
85 Vj
102
250
250
86^ Atch
Do
lOlia
FelOO 16,693 64
uret
';
BoHton & Albany
HoHton Klevaled
Hoston & LK)well
Boston & .Maine
25
153
^40
Oct '04
1641a 165
,
•137
-48
*S1
49'-j
Si
8'i
12>4
13
65
()5^
1234
12Vj
6234
n^
IT"*
55
19
19834
18
lSt8
199
198
'2u3
203
76
73
'201
40
203
76
7o
43
50
94
*40
50
72
••40
'
73>!i
•92
94
10lJ4 108^4
9434 ya
94
107 38 10734
171
171
*110
20
«1
2034
82
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82
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84
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119
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r
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227
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8
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65
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32
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52
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Si
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'62ii "64
12
12
58S2 5812
9
8
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28 la 29
8'.
•45
2S.
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334
20% 20
2
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2
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534
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90
26
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26
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89
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m
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li*
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Si
()
63
120
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llSj
-56
62
63
11
57
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9
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334
334
Con.solulated.
20'fc Gr<'i:ue Consolld.ited.
3034
20=8
214
2114
5I4
22'-^
214
2234
63e
5%
Lati Sale
834
5OS1
5'4
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5',
1
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11.
24 14 25^,
86 ^i 89
89
2 6 -Is
Guanajuato Cousol..
Isle Hoyale (Copper).
5S Mass Consol
•75
Mayflower
10 Miclugau
52
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11*
1
1
3
2
'2
6'^
6
118Sill8Sj
6 '8
118
134
100
99
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118
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24
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4
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9734
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99
21.
1
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1
4 21-2
43''b
3 '8
4I4
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10
99 Si
9812
-.18
21.
1134
Latt Sale
11
43
4I10
9'>8
98 Sj 9934
2 '4
2*4
J'ly
i3
11
1-2
'8
S
23^8
11
411a
4
9
24-\
11
23^8
11
41',
42
99
99
2I9
4
9I4
214
Sautii
Fe(Gold Jt
Shannon
Tecumseh
l'<
121
Quiucy
Rhode Island
4I4
ysj
99
314
'o;
14-'-
Miu'04
24
111,
4'2>
438
10=8
99
23b
Bidiuda.'tKoa.
39
•90
Mar
Oct 27
J'ly
551
Mar
Jan
4
Apr 23 •09 J'ly 16
Fob ^ t30-^OcfJS
6"6J'ly25 10 May20
20 J'ly 15 75 Jau
14 Si
7SjApr 5
38 Feb 23
1034
Aug
40
J'ue29
103
Jly 6
25 2.825
10 15,33i'
1
7
J'ue27
J'ne 2
•_'5g
Marls
134
10 lO.Gi'O 20 Oct ly
3,835 •62i2l''ebl6
6 Sj May2
11.651
3 Feb25
4,888
•45
J'ly 15
1,80(1
3SjJ'lielO
8,174
34i»Feb 8
9,;<;i7
'214 Jan 19
12,16.".
•40
J'ly
5
Now stocic.
•08
Pen
12
•96
J'ly
534
•35
Fob
Fob
Sl'eFeb
•1
Sep
Nov
Sj
9SjJ'1t
l*'3a
Jan
Oct 18 10 4 Sep 16 .Mar
14
65i4 0ct 26 37 J'ly 75
Feb
31 Nov 48 Si Mar
36 Jan
59 Si Oct 131'e Jan
72 Jau
106 Oct ll8SjFeb
113 Jau
.Mar
2 Oct
5
3 Sep 2
Feb
7 J'ly 14
10 la Oct 28
4I4
21 V
2 Sj
24'8
Apr2y
Oct 17
Oct 24
0ct28
534
Oct
1
Aug23
10
Oct 28
52'2l>ct •-8
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1=8
1-V
31
J'ly
Dec
Dec
2S2Jan
1
Nov
55
Jau
2."
Oct 28
Marly
2534 Oct 17
12S; Aug30
43=8 Sep
4=8 Sep 19
10=8 Aug2y
99 Oct 24
tan Oct 17
fAss'tpaiO. »Ei-nght8.
Sj
Fob
Feb
Mar
2 "'8 J an
2 Si Feb
Nov
J'ne
5
1
5s
8
J'lj-
50
•-
'4
434
Apr
3 Jan
17 Si Feb
18 Feb
5i4Jly
•60
Sep
U
14
6
Dec
Apr
2734 Oct 28
91 Si Oct
2 y Si Feb
d'.i
518
334 J'ly
•50
3
2;'
;
Mar
14i8Feb
Dec
Dec
334 Mai
25 24,y60
6 Marly
100
United Copper
29,686 18 Jau 4
U u It edStates M ining
8 '8 Jau 4
510
Unit states Coal &OU
6 16,1.28 30 Jau
Utah Con (Gold)
2i8J'uell
25 6.23;:
Victoria
Feb
Wiuoua
25 6,546 5
25 1,210 69 Jau
Wolverine
25 1.770 •50 Feb 23
Wyandot
•
Feb
Mar
Mar 2
May 14
(Z
Traiity
j%Berocep«y't«'»*«e88'tao*Ue<llnl903. dBeforepay'tof assosaiacaiieJiQ 1901.
Mar
31i4Feb
6 1* Feb
Sep
Oct ' •26
7
Oct 2s
20
33i«Oct
•55
J'ly 16 •40
7SjSep 600 Oct 28 400
17
loo Jau 5
926 ,>0 Feb
25
I'iApr 8
150 •50 May23
25
li8J'ue24
2Si-)ly 16
Cop) 10 1,567
3'-j.-Vugr.'
914 Jau l-"?
10 I3,y30
'lot
Ma5-31 128
i.'ioy 85
114001 24
165 •25 J'ue20
26
Teunossee
1 14
1234
6
1,950
1
75=8
Oct
Old Colony
Old Dominion
Osceola
123 12 I'aiuaraCk
118
205
Jan
SiaMar
18
Apr
198 435
100 05
19,156
Dec
2
3>« Jau
333« Oct
•50
Feb
6 Jan
15=8 -''ly
I'ebll
"iiV) •50 J'ne
y I4 Feb
16,885
273,
5.100 53 Feb
'JO'.
2^3^ Feb
•'8 Parrott(savife Copp)
10 6,092
27
475 aOO.Aug
25
I
Phrenix Consol
1'.
•134
'4
V'l
-Moliawk
6 '8 .MuuiauaCoalife Coke
Oct '04 .Mont it Boston ctfs..
•1
2434
11 '-J
;i8
534
21-2
1
1134
2I4
9 '4
5934
Granby
99
12-V
934
•60
y
61ie
liiver
334
24-,
Sep 28
•3y
600
12
234
9
26
llSj
Si
Elm
234
3'4
2I4
438
1
J'ly 26 •75
5,000
100
100
9
fc
19
13.603
16.254
Copper Range Con ColOO 33,167
20 2,522
Daly. West
Dominion Coal
Do prel
3
3
^
20
'3(,'6
iii'fo
234
25»8
«1Sj
ll'^t
111-.:
lli^j
57
109
'.19
1
Si
10
Atlantic
65
11
67
Aug
Mar
43
'
Arnold
17
100
134 116
120
634
120
119
Si
'04
•75
2,80
6.380 ci33
15 Si Sep 27
Feb 8 0836 Oct 24
Amalgamated CopperlOO 37.186
Mar 15
75 Mar21
1
Amer Gold Dredging 5
"336 8 Feb 23 14 Oct 14
Am Zmc Lead <& Sm.
25
Anaconda
50 1538 Feb 24 25i4 0ct 28
li4J'ly25
25 Feb
25
Arcadian
•43
Cons Mercur Gold.
Oct '04 Continental Zinc...
•42
^4
Last Sale 14
20
22
21
14
25^4
75
I5I4
3134
•50
25
25
-\.Uoueii
68
Oct
•75
Adventure Con
25
33 BmghamConMin&S 50
313f> 32 Sj
••50
"55
•60
Bonanza (Dev Co)... 10
6I4
61 BostouConC<ftG(rcts)£l
6'4
6
25
570 590
595
600 Calumet <& Uecla
Calalpa (Silver)
28 '4 29
29
30 5h Centennial
Latt Sale 7 Si
Oct '04 Central Oil
Latlsalc
I0I4
"i!4"'24'^4
•11 «
1211
6%
li8
a
30
•71a
570
65'.
61.'
7',
•6
29
570
•09
65
'4
21
22'-.
/
570
67
2
>4
••50
•65
•50
634
^"t
61a
565
•45
2u3,
334
131,
41.
13
Mar'ti4
•1-234
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*-6o
11'4 I514
15
8'4
-4^
•2^
9
3^8
20=8
23^
9
<
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Si
29
•65
67
•12-',
75
Last Sale 65
1
•60
11
2934
64^4
12 1«
••90
1
15Si
5b::
•38
^48
'4
J4'g
•71a
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13
65 '8
651*
ast Sail
25 14
75
•09
>»
•1334
15
55
a;6i-38
4'n
1134
25
67g
6'.
4
1134
/.
•yo
•50
1
75
•50
4
1134
4',
12
25
•«d
•50
418
12
23
79
Oct
43 Sj J'ly
16 J'ly
J4
7
Sj
Feb
Feb
Feb
Feb
2'8Dec
Oct 12uSjl-eb
1-2
80
75
Nov
1
7
Jly
Dec
75
4
3
Feb
Jan
14'8--^pr
190
Nov
l^ia
Jan
3334
4i4J'ly
4 Dec
lui4J'ly
teb
Feb
3134
•26
1734
17 Mar
33=8 -May
Feb
9
Dec
Jau
ISjDec
8
22
esjJ'iy
61
J'ly
•76
Cot
Mar
Feb
Jan
27 Si Feb
14
1
1434
77
Mar
Uat
2't^a'
oEx-dlT.&nghu
5
6
0«T.
1
1
!
Eostos Bond Record.
29, 1904.]
1945
=>'<
BONUS
BOSTON STOCK EXCH'GK ^*
WEEK ENDING OCTOBKE 28
Fri&av
October 28
96
Atch <fe Nebraska
Atch Top & S Fe gen g 48. 199o
Adjustment g 48.. ...T'ly 1995
Boston Elect Light 1st 68. l'J08
.
1907
1944
1905
48
Improvement
Bostcfe Mon 3d issue 78... 1904
Terminal Ist S'as. 1947
Boston
1918
Bur & Mo Riv ex 68
1918
Non-exempt 68
1910
Sinking fund 4s
1917
Butte & Boston Ist 68
Cedar Rap <fc Mo K Ist 78.1916
1909
2d 78
lowaDiv
W
IlUnois Div 3
^28
A
W
V
4
B & Q coU tr 48 1921
M
M
A
NoTK— Buyer pays accrued interest in addition to
the purclia,3e price for
Philadelphia and Baltimore Stock
all
Monday
Oct. 24
8334
82»4
95
96
I6I4
16%
84 14 36
*82
95
16
34
7%
•7'^.
83
95
16%
34
7%
Tuesday
Oct 25
Wednesday
Ott. 26
82
82% 82
82%
•94% 96% •94
95
16% 16% 16% 16%
34% 34%
-7
7T,
price Friday
ACTIVE .STOCKS
Thursday
Oct. 27
»82
No
Exchanges— Stock Record,
Share Prices—Not Per Centam Prices
Saturday
Oct. 23
-
10834
I23I4
83
94% 94%
16% I6I4
33% 34
*7% 8
33
8
8
48% 49
38% 33%
48%
23%
4934
2312
3314
l^iday
Oet.
Stocks see below)
28
'
l-'8i»^
loo^V-i
97
1071-..
123%
15^8
117
96
92
92i«i
81
102 12 104
!
i
106%
100%
lOHJ^j
013*1
I20I4 122
!
)
,
23
I
5818
13
6% 15V
102 la 102i«;
97 1»
93
102i2Ang'04
93 12 93
93
102% Oct '04
103 Aug'04
103 Apr'04
10618 Mar'03
10012
1
118
118
IS's
J'ne'03
75
100 Hj.
P9'
9334
10834
101»4
102V
103
102
1021a 104 V,
100>2l02>*
]00»a
'04
100%10lHi
IO414 J'ne'04
101i2J'ne'O4
104 14 104Vi
121 J'ly '04
103 Is Aug'04
12012 121
100% Oct
100%.
1031a.
lOlialOlii
1
103'«103JH
102 Mar'02
96 Sep '04
103
103
107 Feb '03
105i2Oct'04
03 Ang'04
107 Sale 107
107
80% Sep '04
102i4Sep'04
105i8May'04
1051a
93
103
96
95
103Vj
91
I
100
100%105is^
94 103
100iall3
1
1
1
71% 80%
102^1
102
105% 105 >»^
10234 Apr'03
10218
102 14
102*2 102 12
1021a Sale 102i« 1027e
87 14 J'ly '01
112
112 Sep '04
10134 102 1»^
981a 103
,
and asked.
TI
j
iva"
Trust Co.
iY2iJl
ctfa.
Weekly, Yearly
Range /or Tear
1904
Sales
the
96
128
lOOialOO'e 100'8Sep'04
120'-- Sep'U4
102 J'ne'03
118 Ma>'04
70 Oct '04
22 Oct 'U4
Daily,
of
(For Bonds and Jnactire
Low
96 Oct '04
92 12
91
102 V, 1023^
1063^ Oct '04
10638--
latest bid
;
|
^ January X\
High
100%
92 12 Sale
I
Sirtee
35
10713
I2318
99 'b Sale
xo
Boston Bonds.
Range
99 Oct '04
99''8
99 12
128i8J'ne'04
lOO^g 100%
9834
rilinois Steel
,
J
1921 Q
Registered 48
9734 100
8*^14 97I"
Ask Low
Bid
Low High
MS
Fremt Elk Mo Ist 68. . 1933 A1933
Unstamped Ist 68
et Nor G
95^
94»4
RR&
W
1915
1927
100
100
Sale
NY&N
M
4s
Range or
Last Sale
.
Joint bonds Set Gt Nortliern
Chic Jc Ry & Stk Yds 58 .1915 J
CoU trust refunding g 4sl940 A
Oh MU <fe St P Dub D 68.. 1920 J
Ch
<fe St P Wis V div 681920 J
Chic* No Mich Ist gn 5s. 1931 M
Mich gen 58. ...1921 J
Chic &
Concord & Mont cons 4s.. 1920 J
Cor.n<fe Pass R 1st g 4s. ..1943 A
1927 A
Cmrent River 1st 58
l«t*«...1946 A
DetGrKap<fc
19131M
1913
Ist 68
Dominion Coal
1906 M.
Bastern Ist gold 68
Fitchburg48
October 28
'I
1919 A
1913 M
1922 F
1927 M
1921 M
1949 J
1st 4s
Friday
Week ending October 28
1
M
—
Debenture 5s
Denver Exten 48
Nebraska Ext«n 48
8 I 48
B <fc S
January
Week's
M
1-;|^4
Cent Vermt Ist g48..Mayl920
Chic Burl & Q extend 48.1905
1919
Iowa Div l8t58
03;?
Price
1910 J.J
deben 58
Non-convei-tdeben 5s. ..1913 A-0
109 Oct '04
109 109
la Palls <fc Sioux C Ist 78. .1917 A-O
102
10134 102 »t 102
97'8 10258 Kan C Clln<& Spr Ist 5s...l92:> A-O
96'&Oct'04
Kan G Ft S & Gulf 1st 78.. 1908 J-D
97
87
1928 M.N
KanC Ft Scott c& 6s
1934 Wl.S
110 Feb '1)4
KanCMife B gen 4s
110 110
1934 M-S
Assented income 5s
104 ^iz Apr '00
117" il7'
& Br 1st 5sl929
117 Feb '04
Kan C & Ry
99 \ Jan '02
Kan est Jo &C B 1st 7s. .1907 J-J
LR&FtSmldgr 1st 73... 1905 J-J
101 Mar'03
1121^ Jan '03
Maine Cent cons let 7s. ..1912 A-O
1912 A-O
11238 Oct '04
Cons 1st 48
112 113
112'4
100 Sep '04
100 14 102
Mara Hough&Ont Ist 68.1925 A-O
99 Sep '4
9&3
Mexican Central cons 4s. .1911 J-J
99
Jan 1939 J'ly
100 J'lie'Ol
Ist cons inc38
Jan 1939 J'ly
129'* Sep '04
129'8.
'jdcons inc 38
128 129'«
II714 Feb '03
113
Mich Telep cons 58 tr reo.1929 J-J
79
80
Gen Elec con g 5s 1929 J-J
Minne
81
78
100 Sep 'Ot
New Eng Cot Yarn 58 1929 F-A
9912IOO
1906 A-O
107 Jan '04
New Eng Teleph 68
IOOI4 Feb '04
1907 A-O
IOOI4IOOI4
loo's.
68 ...°.
1908 A-O
„
105 J'ne'04
104 105
63
1915 A-O
100 J'ne'o4
9914 100
58
1905 J-J
10614 Dec '02
BnglstTs
1905 J-J
99111 Oct '04
1st 63
9812 99 "2
1924 F-A
94 Sep '04
9018 94
Old Colony gold 48
Oreg Ry & Nav con g 48. .1946 J-D
1922 F-A
108
108
Oreg Sh Line 1st g 68
105% 109
Oct '04
98»4
Repub Valley 1st s f 68... 1919 J-J
97
971a 99
12512 J'ly'04
125
12434 12512 Rutland 1st con gen 4128.I941 J-J
123'2 Apr '04
Rutland.Canadlan Ist 481949 J.J
124'4
I2312I2410
104»4 Sep '04
104
100 10434 Savannah Elec 1st cons 5s.l 952 J-J
1930 F-A
108 Sep '04
107
Seattle Elec Ist g 5s
105 Hj 108
1918 M-S
10914 Mar'02
Torrington 1st g 58
1 grg4s.l947 J-J
112'4 Jan '03
Union Pac
1911 M-N
100 Oct '04
1st Uenconv 4s
100
100 101 Wj
9934
993.
100
95 100
U nited Fruit conv gen 58. 191
107', Oct '04
105 12 109
US Steel Corp 10-60 yr 58.1963 M-N
107 Sj
104
10334 104 "s West End Street Ry 48.... 19 15 F-A
104 Sale 104
102 12 103
1914 M-S
10212 Apr'04
Gold 412S
1916 M-N
11114 May'02
Gold debenture 43
1917 F-A
13712 Aug'U4
Gold 4s
137 1371a
138
187 Feb'04
Western Teleph & Tel 58.1932 J-J
138
137 137
9612
97 167 90
9818 Wisconsin Gent 1st gen 481949 J-J
97 Sale
96\ Oct '04
9038 96*4 Wisconsin Valley Ist 7s.. 1909 J.J
100
1908
Am Bell Telephone 48 48.1929
Am Telep & Tel coU tr78.. 1908
Ist
Consol 58
Boston <fe Lowell 4s
Boston & Mame4'-i8
BONUS
BOSTON STOCK EXCH'GE
Jiange
Since
High
Ask Low
Bid
—
Week's
Range or
Last Sale
Price
Range
tor Previoxa\
Year (1903)
!
Week
Lowest
Shares
Highest
Baltimore
8234 ConflOlldated Gas
94 14 Northern Central
•16% 16% Seaboard Air Line
386 67 % Jan 6 83% Oct
100
338 71 J'ne 2 97 Sep
50
100 2,578
7 J'ne2l 16% Oct
100 1A60 1334 J'ne21 35 Oct
33% 3334
Do pref
•7% 8% United By A Electric. 60
875
634J'a« 1
9 Sep
83
94I4
Highest
Lowest
17
68% Deo 72% Jaa
84% Oct 118 -Tan
103, Deo 28% Jan
22
28
20
8
20
29
Oct
Oct
'
j
Jan
46
1
14%Jaai
Philadelphia
48% 4S%
34%
24
48% 48%
3414 3414
61..
9%
9%
10>«
91^81
11
9%
6
6
11
9% "9% "10%
6%
6%
10% 103r
10
10%
10<,
91
61.J
934 9»»16
43% 48%
2334 24%
6h« 6ii»
83
93
8"i. 3M„
68»w 68"
8Wx« 3",e
42'-^
68S4
42%
8'.
16
93%
47% 48 1»
48% 48%
68%
33
42 <2
9
16
9
16
42%
93,e
16
88T,8 38»4 37i3i, 38Tie|
•43% 44i« •44
44>4
40%
•40
66% 6612
9812 101
101
•40
5634
40%
5634
103
33
92
48
33%
92
48%
92
90%
46% 47%
90
93
*.1H
47%
68
69
334
«87i9 69
42% 43
9% 9%
1534 16
3734 38»ie
4334 44
•40
56%
4012
66I2
42% 42%
9%
9%
15»4
1534
37% 87%
43% 44
40 14
•3934
56% 66%
104%
10314104% 103
334
67«i« 68
41% 42
8% 9iie
16% 15 -2
American Railways.... 50
741 43 J'ne 3 4934 Augl5
Steel
60 5,046 18% May 2 5 2434 Oct 17
5% 534 Consol Lake Superiort.lOO 2,616
% May 13 i 634 Sep 19
10% 10%
100
880
Do pref.t
1% May 13 12% Sep 21
734 Feb 8 10% Oct 26
9i3ia 10% mectrio Co of America 10 26.232
•10
10
12 aen Asphalt interim otfs..
6% J'ly 16 13% Feb 8
•31
33
153 20 AuglO 38 12 Feb 6
Do pref interim ctf8..
91
92 Lenlgh Coal <fe NaT.... 50 1^39 62% Jan 14 92% Oct 24
46*4 47% Lehigh VaUey
50 6,668 3334 Feb 26 49% Oct 13
220
100
S»i« 3»i6 Marsden Co
2% Mar 3 4iie Jaii25
67% 68% Pennsylvania RR
5012,608 66% Marl 2 69 Oct 25
42% 42%Philadelp'aCo (Pittsb) 50 4,331 37%Mayl7 43% Oct 1
4834
8%
9»ie Philadelphia Electric. 25 73,557
15% 15% Phila Itapid Transit... 50 3,800
50 69,480
36%36i8ie 36"i»37iiie Reading
44
44
44
Do Ist pre!
69
44
50
40
3812 39
40
Do 2d pref
446
50
6634 67
67
57 Union Traoton
50 1,263
101% 102% 102 103 14 United Gas Impt
50 46,007
*19
PIIII^DELPHIA
Bid
Inactive Stocks
American Cement
10
A
Amer
Iron
Steel
Bell Telephone
Cambria iron
60
60
50
Ask
8% Al Val E eit 78 1910 AX)
AmRysconvSs 1911. J-D
Atl City 1st 58 g '19. M-N
"ii"
Central Coal & Coke.lOO
Preferre<l
100
Consol Trao Pitts
60
Preferred
60
Danville Bessemer. ..1%
Diamond State Steel..
%
Preferred
% "i'%
Eaaton Con Electrt&..60
Klec Storage Batt....lO0 '72%
Preferred
100
German town Pass
60 126
Harrison Bros pref.. .100
Indianapolis St
100
Inter Sm Pow & Chem.60
19
Keystone Telephone ..60
Preferred
50
KeyHtoneWatchCase.100
Lit Brothers
10
Little Schuylkill
60
Mlnehill
Schuyl H..50
&
Nesquelionlng
60
Haven Iron & Steel.
North Penn8ylTania..50
Penn Gas Coal
60
Pennsylvania Salt
60
Pennsylvania Steel. .100
Preferred
loO
N
PhUa Co (Pitts) pref.. .60
Phil German <& Norris.SO
Phila Traction
Rallwavs General
.Susqneh Iron
<fe
60
10
Steel..
Tidewater Steel
10
I'referred
United
J
10
N
RR A C.. 100
Unit Pow <fe Trans
Unlt«<lTrac Pitts
26
60
Preferrecl
50
Warwick IronA Steel. 10
West Jersey 4 SeaSh.50
Weslmorelaud Coal. ..60
*
PHILADEIJ'HIA
"xi"
"ii''^
64%
2I4
103
3
104
99
85% 86
47
4712
9734
3
98
116%
102
103
11212
903,
Ry 1st con 68 1932
ConTracofNJ Ist 5s. '33 109%
K&AlstMSs 1920 M-N
Col St
Elec
<fe
Peo Tr stk
tr otfs
993,
Elm & WU 1st 6s 'lO.J J 122%
Eq II Gas-L 1st g 5s 1928 10334
H 4 B Top con 5s '25 A-O
Indianapolis Ry 48.1933
Interstate Rys—
F-A
3-3%.4s 1943
NaT 4%s
'14.
QJ
RRs 4s g
1914. y-F
Gen M 4%8 g.l924.Q-F
Leh VC l8t5» g'33..JJ
Leh V ext 48 1st 1948. J-D
M-S
2d 78 1910
Consol 68 1923
J-D
Annuity 68
J-D
Leh VTraclet48'29.J-D
Nat Asphalt 58 rects..
New Con Oaa 58 1948 J-D
Newark Pass con
84%
114
II719
68 12
Bid and aslced piioes; no sales on this day.
MS
|
Lowest
i9%Marl4 39 Oct
Mar 1 44% Oct
38
28
...
1934
Ask
104
104'4
74%
P
76
Terminal 58 gl941. Q-F
W 4 B col
tr
48 '21.J-J
s f
106
125
:o3'2 104
11012
98
lid
9834
60 <«
58 1930. J-D
BALTIMORE
.
L4
4 Ch Ist 7... 1907 JJ
Atlan C L RR4sl'J52M-8
AtlCoaat L(Ct)ctf8 58 J-D
Ctfrt of indebt 48
J-J
Atl
110
Convertible 58. 'OC.
Cent'l
1 z-rtghts.
t916
paiO.
%
Aujr
34% Not
l%3ep
65% Not
.I'ly,
7934 Fetei
4r,%
4
7834
6
Jan
Jan
Jan
Feb!
Jan;
17% Jan
Oct
47''4
Aug
36
9
Dec
734
1334
Nov 3411,8 Jan
21
36
Sep
27»4
Not 40%Jan^
J'nel8
40% Sep
Oct
76
20
I
]
441 lie i'"eM
4734
FeW
.16%Jatt;
Ang 31
BALTIMORE
Chas Ry G 4 El 68 '99 M-8
Chart C 4 A ext 5s. '09 J.J
Bid
=
87
'
90
)
^
Consol Gas 68.. .1910 J-D
1939 J-D
58
110 !. III
116 11 sv
I
Ga4 Ala 1st con 68 '46 J-J 109%
Ga Car 4 N let 5s g '29 3 -J
Georgia? Ist 68... '22 J-J
GaSo 4 Fla Ist 6s 1945J-J
G-B-S Brew 3-48 1951M-S
2d income 6s 1951 M-N
Knoxv Trao Ist 58 '28 A-O
LakeR El lat gu68'42M-S
MetSt(Wa8liilst6s'25FA
Mt Ver Cot Duck Ist 5s.
Incomes
NptN40Pl8t68'38M.N
General 5s.. ..1941 M-S
Norfolk .St Ist 58 '44.. J J
North Cent 4 %8 1925 A-O
J-J
68 1904
Series
Series
Un
A 58
B
U Kl L4 !•
6412
36
67
17
97
S.
j
116 j
65
26%'
1
r>8>^
19
99
107
108
1926. ...J -J
68 1926. --.JJ
Trac 68 1997.J-.I
Poto Val Ist 58 1941.. J J
SeoAvT(Pitts) 58 '34 J-D
Sav Fla 4 West 5s '34 A-O
Seaboard A L 4s 1960 A-O
Seab 4 Roan 68 1926. JJ
South Bound Ist 5s. .AO
Pitt
UuRy4
1
St
4 %8'29 .M-N
El Ist 4s 49
MS
ID
Income 48 1949
Va.Mid IstOs 1906. .MS
2d series 68 1 'J 11... M-S
3il serlt's 6a 1916. .M-8
81
11 1^
109
'.
81^
iVi
96
91
96
46',
13%,
MS
4th ser 3-4-58 1921.
6tha<>rie.'< o» 1920. M-S
(Stale) 3s now '32. J
Fun(ldel>t2 38l9ai..I-J
West N C con 6.S 1914 J-J
112
96
107% WI14 Weld5a..l936.JJ
112
119
114
Va
M-N 102%
M-N
Ry conoslOli'J
104 104%
Ext4 Imp 68.1932 M-S
110%
Chas City Hy Isl 68 '23 J-J
U ez-diTldend.
103% 108%
'98% 9834
BaltCPasslstes'U M-N
Bait Fundg 68.1916 M-N
Exchange 3 %8 1930 J-J
UefiindingSias 1!)52J-J
Bait 4 IMstOsml'll A-O
Bait 'I'rac Ist 68. .'29 M-N
No Halt Div 68 1942 J- 1)
Not 36
1051*
inactive Htocks
Atlanta 4 Charlotte. 100
Atlan Coast Line RR 100 137 137%
Atlan Coastii (Conn)lOO 296 300
Canton Co
100
Georgia Son4 Fla...l00
25
85
Ist pref
100
96
2d pref
100
60
70
G-BS Brewing
100
6% 7
Mt Vernon Cot Dnok..
4% 6%
Unit Elec
P pret.66 S37
3834
AnaGo8tla4 Pot 68
10 14 Jan]
11 De*
104%
Ry con Ss 1930 108 H)
B E Side 4b Interim ctts
U Trac Ind gen 5s' 19. J J
U Trac Pit gen 68 '97 J-J
Deo
10
19
64
9»i6JaBl
4034 Jan.;
I20I4
68gl911....J-D
M 48 g '47. A-O
M of '82 48 •37.J-J
%NoT
%Deo
7ii8 0et
2d 78
1910 A-O
104% City4Subl8t58..'22 J-D
City4 Sub(Wa8)l8t5s'48 104 >4 106
12012 Col4Grnv Ist 68.1916 J-J
104
Ex Imp
Con
Oct 13 22
40% Deo 52%Jaa
17% Nor 2634 Jaa
2
Marl4 40i6ia Oct 20
4534 Jan 2 57 Oct 27
81 Mayie 104% Oct 25
Boods
Deben 6e 1906
M-8
1% "ilj Penn gen 6s r 1910.. Var 112
1% 2
Consol Rsc 1905... Var
Con8f)l 6s r 1919... Var
272
Penn & Md Steel con 0«. i;2'4
"83% Pa4 N Y Can 78 '06. JO 100% 107
83
49%
Con 6s 193!)
A()
AO
Con 48 1939
PennSloell»t68'17 M-x\
People's Tr tr certs 48 '43
P Co lst4 col tr 6»'49
ConM
Welsbach
an 1930
NYPh&Nol8t48'39JJ
Income 48 1939. ..M-N
No Penn Ist 48 '36..M xN
M
M
M
May25 9% Oct 25
Jan 6 1 18 Sep 10
S
100
63% 66
117
123
146
4
6
8
Bid
Phil Elec gold trust etts.
Trust certifs 48
P E gep 5 g '20.A-O
Gen
48 g 1920. .A40
Ph 4 Read '2d 58 '33. A-O
Con
78 1911
J-D
Rochester
84
109
113
100
PHILADELPHIA
Ask
93
BaUs Ter Ist 5s 1926.J-D
BergA EBrw 1st 68'21 J-J 103 106
Bethle Steel 68 1998. Q-F 120
42
Che & D Can Ist 68 '16 J-J
45
Choc <fc Me l8t68 1949 J-J 111
Ch Ok <fc G gen 58 '19 J-J 10834
LehiKh
100
WelabachCo
21
Bid
Bonds
62<4
4612
49
23% 23% Cambria
"
i()6
UeorganisaUon
.J
We8VaC4Pl8t6g'll JJ
0114
96% 97
f
--.-J
certillontes $3 assessment paid.
1.4^
n
..
.
.
.
.
.
THE CHRONICLE.
1940
Vol. Lxxix.
luuestmcut and llaitroixd |utelligence.
RAILROAD GROSS EARNINGS.
The
shows the pross earnings of every SxttAM railroad from wliich refjular weekly or monthly returns
can be obtained. The first two columns of tiKures give the gross earnintjs for the latest week or rnontli, and thp last two
roiumns the tarnint^s for the period frran July I to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
Tue retinius ul tin', street railways are brought together setJuratelfj on a s-ubse^jiient page.
period.
followinp; jtable
LaUsl
KOAUS
IVeek
Mouth
(irost
Karntnas
Current
Year
Inly
Freoiouf
Year
I
to
Current
Year
Latest liate
J^eviout
Year
Latest Uross hantiii/js
aOADS
Week
Current
Year
or JUonlU
AlaGt Soutborn. 2d wk Oct
AlaN O & lexac i'acille.
N O <t No Kast. September
^la <fe Vlcksb'K September
71okBb Sh A I'. Septiuibet
Allegheuy Valley August
00,166
56,967
201,883
199.242
113,9-1
99,051:
11S,17G
1
J
0.692
Dec 142.862
39.000
3d wk Oct
33,80y
Fe. September 6,156,340 5,870,813
Ann Arbor
A tell Top Jj S
Atlanta & (bar.. A igust
Atlantic <fc Blr... June
All Coast Line... August
Bait <fc Ann S L.. August
Bait* Ohio
BanRor & Aroosi
Bellotonte Cent')
Bridpt .feHaoo K.
Bull Kooli & 'iittf
Burtalo ASusq...
<te North Wn.
Canadian North..
Canadian Pacltk
Cal
301,132
55.890
275,959
l,453,99ti 1,359, ,539
13,91S
12, ,042
0,043,700 6.028, OO'J
170,010 160, 308
September
August
September
4,770
August
4,818
3vl wk Oct
178.997
90,241
August
September 109,009
98,200
3d WK Oct
3U wk Oct 1,100,000
3d wk Oci 271,900
0,
4,
422
171
160 300
70, 722
147, ,128
88, 100
1,019, ouo
230, OOU
Cent'l of GeoriJia
Ceut'lofN Jersey Septemiicr 1,834,750 1,770, >)53
2,480
1, 135
Chattan SontU'n. 2d wk Oct
Cliesap & Ohio... September 1,718,890 1,572, 70'
1,193.004 1,047, 100
Alton Ry. August
Chic&
102,023 104, 351
Cliiu Gt Western. 3(1 wk Oci
115,448 115, 330
Chic Inrt <.t L'v... 3d wk Oct
4,205,054 4,17S, 541
ChicMilw &Stf August
Chic & North \V September 5,380,024 5,133, 331
Chic St P M & O. September 1,220,995 1.100, Oil
30,423
33, 342
Chic Term Tr RH d wk Oct
CiuN O&TPac. 2d wk Oct 139,140 125, 353
2,120,096 2,001, 290
CI CinCh& 8t L. August
"
200.1
25^, 501
Peoria <fe liast'ii August ...
Colorado <fe»oiilli 3d WK Oot 141.040 107, 231
15,973
Lau. August
17, 357
ColMewb <te
67,254
45, .87 »
Copper Rau^e.... August
5,875
Cornwall
August
y, 909
20.08s
29, 410
Cornwall <feL.el).. Auijust
Deuv. <fe Rio Gr. 3cl wk Oft 381,900 309, OOU
79,904
82, 905
Det & Mackinac. September
33,277
35, 101
Detroit Southern. 3d wk Oct
52,825
Dul So Sh <tAtl.. 3d wk Oct
55, 881
August
4,103,880 4,455, 601
Erie
2,2S1
F'rchild <& N'r'e'i! September
1, 725
8,702
Farniv& Powlial August
7, 084
229, 940
FtW&DenvCUy September 213,907
AUjiUSt
193,000 178, 248
Geortcia RR
Ga South &, Fla.. September 140,879 130, 581
41,126
V'alG 6j N.. July
Gila
Gr Ti-unlr System 2a wk Oot 704,058 726,,071
GrTr. West'n 2d wk Oct 124,276 139,,012
29,,544
Det Gr H<kM.. d wk Oct
24,585
Great Northern.. September 3,701,674 4,017,,020
Montana Cent'] Septembei 190,120 181,,524
Total system Soptemiier 3,897,794 4,199,,141
Gulf&ShipIslaud 2d wk Oct
39,033
37,,92«
Hocking Valley.. id wk Oct 140,551 145,,100
.
.
September 4,228,835 4,003,,903
•24,002
September
10,,022
Iowa... September 143,606 125,,801
Illinois Central..
Illinois Southerij
India
&
Int & Gt North'ii 3d wk Oci
Unteroc(Mex)... vVk Oct »
Iowa Central
3d wk Oct
Kanawha & Mich 3d wk Oot
156,375
107,400
55,135
32,954
520,672
464.373
155,,008
108,,200
40,,075
32,,411
511,,370
Kan City South' August
LakoErie&Westu September
487,,770
Lehifih Val RR.. August.... 2,410,317 2,754,,704
53,,413
Lexing iSt Kast'u. August ..
39,890
Island
Louisiana & Ark.
Lou)8v tleD&bt L
Louisv i-c Nashv.
Macon & Birm...
Man'tee<k Gr. kv p
i.,onic
August
Inc.
51,87 1
67,603
54,,3G7
3d wk Oot 812,025
September
11,701
August
8,809
Mani8 & No £as AUKUSt ...
36,009
Maoistique
September
7,894
Maryl'd &. Penn.. August .,
30,780
JMexioau Cent'l.. September 1,921,422
550.471
J Mexican litem. August
{Mexican Ry
Wk Oot 3 118,700
775"[935
y,,884
y,,780
34,,753
8,,638
AUi^USt
June.
i
jMexicauSouth'Li Ist wk Oct
Milieu it So'w'n. September
Mineral Range.. 3d wk Oot
Minueap A: St L. 3d wk Oot
Mo Pac&IronMi 3d wk Oct
Central Branch 3d wk Oct
Total
3d wk Oct
22,394
7,974
13,286
73,257
897,000
28,000
925,000
32,,201
2,020,,340
530,,801
104,,600
20,,017
4,,909
13,,150
69,,553
821,,000
32,,000
853,,000
890,777
872,829
Mo Kan & Texaf- 3d wk Oot
M Bt P & S St M. 3d wk Oct
.Mob Jack & KC. Wk Oct 15
.Mobile & Ohio... 3d wk Oct
WK Oot
Nash Ch
St L.. 3
;Nat'lRRof Mcx 3d wK Oct
4th -week July
Ist week Aug.
2d week Aug.
3d week Aug.
4ih week Aug.
(45 roads).
{46 roads)
(40 roads).
(40 roads).
(52 roads).
1st week Sept. (50 roads).
2d week Sept. ("lOroails).
3d week Sei>t. (19 roads).
4th week Sept. (.")1 roads).
Ist week Oct (40 roads)
2d vreek Oct 10 roads).
3d week Oct. i37 roads).
1
t
Mexican currency.
operated,
Current Year Previous Y'ar
11,611, 724
8,299, 353
8,464 122
8.607, 235
14,017, 03'J
8,934, 309
9,59.6, 304
9,077, 960
12,845, 791
9,273. 472
9,542, 74 5
8,941, 303
to
Latest Hate.
/Yenotti
Year
S
421.529
184,7;!!
0,278,717
2,634.582
5.601.537
2.3.57.958
603,026
8,858
8,21:9
133.057
105.649
371.254
166.150 142,084 2.409.190 2.276.035
319,040
1
213,190 201.140 3.170,131 3,053.590
<te
Vtc. 279.251
215,037 189.125 3,349,055 3,347.533
610.93
634,703 Nev-Cal-Oregou September
26,918
65,277
20,4s
57.177
16,343,510 ie,852.13n .VevartaCentral.. August
2.323
4,069
3,832
6.725
536,221 N
618,417
HudRiv Se •leiiiber 7,250,540 7,056,151 21.015,428 20,996,245
N Y Out* West. August ... 702,570 660,890 1,349,376 1,364.087
2,929, ,083 2,775.254 N Y Susq & West AUKUSt ..
211,510 218,104
391,771
482.820
27, ,521
28,257 Norfolk & West'n August
1,961,587 1,927,290 3,771.158 3,870.814
17,193 .054 17,8« 1,984 Northern Central August
919.230 919.030 1,757.551 1.842,051
328.974 North'u Pad tic. September 4,660,100 4,611,213 13,122,666 12,938,568
329, ,828
17,957 Ohio Rlv& West.. AUMUSt
10, 08
19,547
20,2-.J6
37,688
37,813
9,226 Pacitlc Coast Co. August ..
9, ,215
614,740 567.353 1,215,505 1,127,716
2,636, ,343 2,658.081 ePeon— EastP&E August .. 10299890 11041290 19,780,993 22.036,693
157,225
170, .55'
JJtc. 33 6,200
Vtc. 65 9.40O
eWest P &. E.... August
497, .550
458,077 Pere Marquette. 3d wk Oct 299.312 237,149 4,185,284 3.746,875
1,107, .000 1,010,800 PhilaBall&W'sh August.,
1,249.127 1,195,127 2.417.505 2,341,805
10,238, 071 15,037.500 Phila <fe Erie
709.511
AUKlXSt.
780,104 1,489,056 1.556,420
3,143 ,»12 2,630,245 Pittsb C C i& St 1- September 2,140,584 2,232,723 6,13o,524 0,619.318
5,735. 979 5,6*0,700 Kaieieh & U Feai SeiJleuiber
3,037
11,565
32,304 Reading Railway Se, teiuber 2,817,673 2.922,121 8,434.069 9,126, 423
41, 095
5.210, 175 4,780,374
September 1,971,823 2,121,012 6,590,973 7,997, 500
CoaUfe IrCo
2,140, 204 2,000,073
Total Both Cos Sep ember 4,769,090 5,043,133 15,025,042 17,123, .9 6 a
2,324, .824 2,058,671 Rich Fr'bsb & P August ...
110,940 107,442
231, 700
238,929
1,821, 080 1.807,644 Rio Grande Jot.. AUiiUst
46,256
104 ,930
89,186
53,973
8,207, .274 8,337.004 Rio Grande So.. 3d wk Oct
10.184
141.88
8,064
159, .•J81
14,940, .714 14,743,470 Rooklsl'd Sys.. August
3,896,814 4,413,261 6,930,812 8,351, 041
3,040, .518 3,008,100 St Jos&Gr 1
August....
135,052
226,847
234, 140
119,268
521,735 St L. & San Fran g August
494, 220
3,412,434 3,197,932 6,195.938 6.083, 159
2,102, 392 2,009,558 St L Southwest .. 3d wk Oct
204,144 160,992 2,717,177 2,257, 603
3.890, 182 3,801,550 StDVan&TH.. September
350,573 224,409
918,540
049, .541
493. 842
481,837 Seaboard Air L,.. August
1,014,770 946.619 1,980,015 1,921, 279
1,914, 102 2.113,043 Southern Ind
Septembei 119,91" 109,167
346,044
322, 557
33,820 So Pacitic Co b... August .. 7,779,370 7,903.707 14.909,935 15.032, 891
31, .884
101,039 Southern Rallw'j 3d wk Oot 1,015,199 933,121 14,952,384 13,987, ,008
123, 744
20,271 Terre H & Ind . September 215.827
11, yio
192.271
579,988
554, 115
63,733 Terre H & Peor.. Septemoer
38, ,088
53,520
62.572
176,365
166, 161
6,344, 515 5,800,394 Texas Central
3d wk Oct
19,435
17,476
240,177
194, 9.-5
246.422 Texas & Pacific. 3d wk Oct 290,074 247,312 3,454,850 3,305, 670
250, 084
547,760 TexS
458, .957
15.400
13,200
38,400
34, 100
W .. Septembei
041,525 Tol & Ohio Cent 3d wk Oct
861, »29
84,230
70,039 1.359,348 1,243, 104
325 8,883.852 T0IP& West .... 3(1 wk Oct
414, 208
416.483
8,034,
20,800
29,090
7,511 TolStL<to
966, 048
7, .871
77,797
2d wk Oct
02,936 1,120,149
13,161 Tor Ham <fe BuU 1st WK Oct
10, 689
12.049
166, -.iOS
12,423
173,026
953
751,995 Un Pac System .. august..
590,
9,477.692 9,123, 640
4,812.090 4.535.0
354,850 Virginia <fc So W'n September
308, 222
68.20s
147.192
187, 151
49,669
408,562 Wabasli
407, 523
3d wk Oot 581,229 503,924 8,896,371 7.860, 209
41, 126
691,450 744,750 1.301.631 1,326, 831
W Jersey 61. Seae August
10.707, 104 11,081,841 Wheel & LE
89,070 1,436,636 1,506, 462
3d wk Oct 103,971
1,401, 083 1,030,321 Wm'sport&N.Br. Sep'.emlic'1.8.204
37, 284
18,832
36,311
417,918 Wisconsin Cent.. 3(1 wiv Oct
478, 032
145.000 142,470 2,206,404 2.246, 328
10,045. 823 11,018, 1S5 A'rightsv & T'n.. September
45,871
38, 566,
21.815
15.918
502, 5; O
55a, 460 Yazoo <fe Mi.'^R. V September 639.135 58-J.llO 1.741.525 1.046, 693
11,208, 401 11,570,645
Previotu
Current
539, 144
540,6a7 VABIOTJS FISCAL TEAKS
Period
Year
Year
2,124. 657 2,137,212
Dec. *50 3.615
12,248, 227 11,797,260 Allegheny Valley
Aug.
Jan.
74, 420
44,045 Atlanta <fe Charl Air Line
Mar.
Aug.
$1,767 ,931 $1,597,718
391, 956
398 ,728
369,848 Atlantic & Birmingham
June
Dec.
55,083
40 ,137
1,917, .177 1,820,439 Belief onte Central
Sept.
Jan.
1,525, 370 1,466,190 Ohio St P Minn & Omaha
8,026 ,554 8,605,178
Sept.
Jan.
4,322 ,014 4,372,399
797, .970
746,745 International & Gt North'u.. Jan.
Oct.
554, 480
617,335 Lake Erie & Western
3,671 ,614 3,891,302
Sept
Jan.
252,431
287 ,252
995, 971 1,011,302 Manistee & North Eastern.. Jan.
Aug.
55,046
62 ,721
1.340, ,385 1,443,617 Manistique
Sept.
Jan.
163,457
155 ,677
4,960, 803 5,483,935 Maryland & Pennsylvania.. Mar.
Aug.
4,662 ,884 4,800,243
104,145 Mexican International .. .. Jan.
78, 249
Dec. 43 802
;Mexican liiiilway
4,600 ,400 4,209.800
Oct.
Jan.
783,288
905 5
126, 001
108,869 [Mexican Southern
Jan.
Oct.
33,155 .231 33,032.963
895, 970
808,547 Missouri Pacitic
Oct.
Jan.
1,365 .000 1,167.000
11,561, 994 11,403,464
Central Branch
Oct.
Jan.
34.520 231 34.199.903
32, 413
31,758
Total
Oct.
Jan.
9,248 .523 9.094.913
16, 117
18,664 t National RR of Mexico
Jan.
Oct.
6.(>36 045 6,882,245
Aug.
64,439 Northern Centi-al
70, 941
Jan.
6,476. 669 82,191,969
26, 759
25,366 ePennsy., East of P & E
Au«.
Jan.
Dec..2.0 34.400
Atig.
55, 615
60,831
cWestof P<& E
Jan.
9,517. 847 9,037,903
Oct.
5,988, 132 6.076,003 Pere Marquette
Jan.
Aug.
8,990. 216 8,965.816
1,121, 27
1,079,689 Phila Baltimore & Wash
Jan.
5,104,432
Aug.
4,959, 72
1,561, 500 1,470,300 Philadelphia & Eric
Jan.
Sept
17,751. 683 18.500,102
295. 506
271,554 Pitts Cin Chic & St Louis
Jan.
421.612
397 075
Aug.
20, 659
12,620 Rio Grande Junction
Dec.
2,642 132 2,238,609
sept.
208, 493
180,114 St L Vandalia & Terre H
Nov.
Sept
1,911 .578 1,821.495
985, 182
980,904 Terre Haute & ludiauap
Nov.
568,709
578 635
Sept
13,601, 610 13,511,481 Terre Haute <fc Peoria
Nov.
Oct.
8,891 642 8,891,392
Jan.
500, OOU
565,000 Texas & Pacitic
Aug.
3,077 083 3,051,083
14,101, 610 14,076,481 West Jersey & Seashore
Jan.
579,795
312.783
325.200
YC&
I
.
.
. .
V&N
W
.
AGGREGATES OF GUOSS EARNINGS— Weekly and
WEEKLY SUMMAEIES
527,015
213,496
1
Current
1 ear
Previous
Year
?
i-
.Ju V
12.140, 131
8,188, 568
8.357, 022
8,477, 839
12,610, 025
8. .503, 763
9,017, 197
8,926, 593
12,280, 423
8,7()S, 991
6, 9 02, 024
8.140, 905
Inc. or Dee.
P.C
MONTHLY SUMMARIES
-528.407 4-35 Month Sept 1903 (135
+ 110,785
+ 120,500
+ 129.390
rds.)
35 Month Oct. 1903 (130rdrt.)
Month Nov. 1903 (129 rds.)
1-53 Mouth Dec. 1903 (1 J 6 rds.)
+ 1,207,014 9-42 Mouth Jan. 1904 (127 rds.)
1
1-51
+370,580 4-33 .Month Feb. 1S)04
+ 581,107 44 Month Mar. 1904
+749,387 8-39 .Month Apr. l!t04
+505.306 4-60 Month Jlay 190 4
+ 504,481 0-46 :Month June 1904
+ 640.721 7-20 Month JiUy 1904
Mouth Aug. 1904
-t 800,398 9-83
(129
(125
(127
(128
(106
(125
(122
inontUIy.
Current Year PrevlousYar
147,574.436
150.461,436
140.922,833
136.551,834
121, .307,020
116,445,889
133,218,211
132,433,290
rd.o.) 130,935,613
rds.) 113,351.491
rds.) 132,242,621
rds.) 145,292,493
rds.)
rds.)
rds.)
133,019,280
139,212,377
135,195,056
131.146,421
127,083,582
115.448,815
133,294.034
130,783,139
134,600,380
114,2S0,175
139,712,599
144,558,473
b Includes the Hous <h Tex. Cent, and its subald. lines In both yeare and for both periods,
a Includes the Chicago &, Eastern Illiuois In both years.
«
Inc. or Dec.
F.C.
+ 14,555,156
+ 11,252.0.59
10-93
6-08
+5,727.777 4-24
+5.405,413 412
— 5,776. 562 4 55
+2,997,074 2-0O
1
—75,823 006
—4.349,819 318
—3,724,773 2-77
—928,684 81
—7,469,978 5-35
+734,020 0-51
Covers lines directly
—
..
.
—
..
THE CHRONICLE.
Oct. 29, 1904.]
Latest Uro88 Earningrs by Weeks.— iu the table which
follows we sum up separately the earnln(?s for the third
The table covers 37 roads and ahows
weflk of October,
9 83 per cent increase in the aggregate over the same week
last year,
3d week of
Aon Arbor
Buffalo Roch.
October.
Ohio. Ind'plle & Loulsv.
Ohio. Term. Traneler....
A Southern
Rio Grande
Detroit Southern
DuJuth 80. Shore dk Atl..
Hocking Valley
iMematlonal <Sc Gt.No..
Iowa Central
Kanawna & Michigan.
LonlBTlUe & Nashville..
Mineral Range
Minneapolis A St. Louis
Minn. St. P. & 8. 8te. M..
Mo. Kansas <3c Texas. ..
Mo. Pacific & Iron Mt .
Central Branch
Mobile & Ohio
Naabv. Chat & St. Loals.
National RR. of Mexico.
Fere Marquette
Rio Grande Sonthern. ..
St. LCD Is Southwestern.
Denver
<b
Sonthem Railway ......
Texas Central
Texas & Paomo
Toledo * Ohio Central.
Toledo Peoria & West'n
Wabash
Wheeling A Lak e Erie. .
Wlseonsln Central
Total (37 roads)
Net Increase (9-83
1903.
Inereate.
39,006
178,997
98,200
1,108,000
271,900
162,623
115,448
30,423
141,046
381,900
33,277
52.826
146.661
156,376
66,135
32,964
812,026
13,286
73.257
213,499
527,015
897,000
28,000
166,160
213,196
215,637
299,312
10,184
204,144
1,015,199
19,436
290,074
84,280
26,860
33,809
160.360
8^.100
1,019,000
230,000
681,229
103,971
145,000
503,924
89,07e
142,476
8,140,966
842,946
800,398
Decrease.
77,305
14,898
8,941,363
& Plttsb'K
Canadian Northern
Canadian Paoltto....^ ....
Oenn-ai or Georgia
OMoago wreat Western
Colorado
1904.
164.351
115,336
8^.342
167.231
369,000
35,101
5.197
18.637
10,100
87.000
41,900
1,728
112
"2,919
26,185
12.90C
"i,824
86.881
3,056
145.166
165,608
46,076
32.411
775,936
13.166
69.653
184.719
421,629
821.000
32.000
142.08 <
201,146
189,125
237,14P
8.084
160,992
933,121
17.478
247.812
70.639
1,385
p. o.)
9.060
643
36,090
130
3.704
28,7<»0
105,486
76,000
4,000
ai'.oee
12.O50
26,612
62,163
2,100
43,15/
82,078
1,957
42,762
18,591
2,836
2,524
42,548
For the second week of October our final statement covers
46 roads, and shows 7*20 per cent increase in the aggregate
over the same week last year.
id
*eeek of October.
1903
Increase.
9
(
9
9,295.548
60.166
139.140
39,033
8,858
8,873,547
56,967
125.353
37,928
8,239
9,542,746
Previously rep'd (42r'dsi
Alaoaiiia Gt. Southern..
Oln. N. O. & Texas Pac.
Onlt <fe Ship Island
Mob. Jackson & K. City..
Total 46 roads)
Net Increase (720
1904.
8,902,024
p. o.).
S
674,57P
3,199
13,787
Deereate.
9
52,577
Current
^
Previous
Tear.
Tear,
'
FalrchllddiN. EastSept
July 1 to Sept 30
Farm V. APowh'n .a Aug.
July 1 to Aug. 31 ...
618,417
586,221
629
52,577
Net Earnings.
Current
Preinoiis
Tear.
Tear
174,577
Eoads.
$
$
228,761
210,079
Iowa Central. a.- Sept
630,484
607,453
July 1 to Sept So....
36.609
34,753
Manistee & No. E.a. Aug.
287,252
352,431
Jan. 1 to Aug. 31....
Cent. e. Sept kl921,422 2,020.346
Mexican
July 1 to Sept 30 ... 5,988,13Z 6,076,003
7,974
4,909
MlUen A Southw a .Sept
20,659
12,620
July 1 to Sept 30 ...
274,377
269,863
Minn. ASt.IiOnlB a.Sept
775,037
781.138
July 1 to Sept 30...
896,724
830,673
oNat'lRR.of Max. Sept
Jan- 1 to Sept SO... 8,617,287 8.5^3,097
N. Y. & Ottawa b- Lines In New York State.
47,463
34,390
July 1 to Sept 30....
12,042
28,257
4,493
8,634
.
180,088
Company
220,337
707,342
2,177,001
147,128
458,077
270,800
766,400
782,683
337,488
291.679
1,976,178
1,725,347
82,905
79.904
250,684
2,281
7,S71
8.702
16,689
213,907
rt.W.ADen.Clty.bSept
July 1 to Sept 30....
696,953
Hocking Valley. a. Sept
549.113
Ju'.y 1 to Sept 30
1,714.063
Ind. (11 A lowa.a Sept
143,606
July 1 to Sept 3u
391,956
246,422
1,725
7.511
7.094
18.161
229,940
761,996
668.898
1,722,452
126,861
869,848
46,869
319,824
884,961
63.397
167,481
96,200
286,800
294,688
656,373
898.432
139,672
723.655
37,726
84.457
122,657
649,831
32,202
84,052
der.264
def.661
1,500
2,910
def.42l
def.381
def.225
def.723
71,118
71.185
187,128
204,943
705.285
51.957
112,001
Tear.
$
$
r30.125
r42,902
r82,348 rl31,231
15.849
18.364
120,570
105,638
k531,234
449.802
1,661,831
2,304
4,809
1,204,167
2,559
5,129
vll2,228 vll6.488
v301,l40 v316,l80
296,416
211,721
2,743,692 2.841,184
11.924
.Sept
2,448
11.663
167,621
Beading company—
Phlla.&Read'g. b.Sept 2.817,873 2,922,121
July 1 to Sept 30.... 8,434,069 9,126,422
Coal* Iron Oo. b.Sept 1,971,823 2,121,012
July 1 to Sept 3o.... 6,590,973 7,997,560
Total both Co.'s.bSept 4,789.696 5,043,133
July 1 to Sept 30 ...15,025,042 17,123,982
Sept
Beading Co. b.
July 1 to Sept 30
h.. Sept
Total all Co.
July 1 to Sept 30
46,266
63,973
Elo Grande Junot.. Aug.
421,612
Dea 1 to Aug. 31.... 397,075
79.312
67,935
Texas Central a ...Sept
181,304
145,166
July 1 to Sept 30....
49,669
68,208
Virginia ASo'thw.bSept
147,192
187,151
July 1 to Sept 30 ...
Sept 2,609,661 2,239,687
Wabash. b
July 1 to Sept 30.... 7,172,598 6,361,268
Erie b Sept
408,068
413,524
Wheel. &L.
July 1 to Sept 3o ... 1,154,748 1,241.395
x1 5,918
Wrlghtsv.&Tenn bSept x21,815
x45,871
x38,586
July 1 to Sept 30....
1,269,656 1,107,820
3 645,801 3,751.210
def.19,297
122,277
213,420
881,007
1,240,359 1,230,097
3.859.221 4,632,317
116,034
116,254
349,232
351,630
1,356,393 1,346,351
4,208,453 4,983,897
f 13,877
f 16,192
f 119,133 f 136,483
31,348
22,556
47,897
17,381
16.534
29,068
56,239
59,797
786.436
716,133
1,984,737 1,977,636
101,178
140,791
279,094
389,086
9,557
4,214
15,566
«,562
a Net earnings here given are after deducting taxes.
b fetearnlngs heregiven are before dedaatlngtaxeo
c These figures are in Mexican currency, and are convertible Into
gold at the current rate of exchange.
dNet.after deducting taxes Is $138,473 and S13l,451 for 1904
and 1903 respectively (or September and $398,370 and $416,885
for period from Jaly 1 to Sept. 3 J.
e Includes results on Monterey & Mexican Oalf and Onernavaca <b
Sept 27.
r For Septemberaddltlonal Income Is $4,982 this year, against $655,
last year.
From July 1 to Sept. 30 additional Income is $18,132
this year, against
270,54.')
215,8»6
671,6si»
22,103
53,028
$14,974 last year.
V For September additional Income Is $9,428 this year, against
$7,251 last year. From July 1 to Sept. 30 additional Income la
$29,960 this year against $38,980 last year.
X Includes $391 "other Income" for September this year, against
$413 last year and for period July 1 to Sept. 30 $i,154 this year,
against $1,282 last year.
1904, taxes and rentals amounted to $193,882
t For Saotember,
against 1(18^,785, after dedaottng which net for September, 1904,
wac $2,404,270, against $3,299,327. From July 1 to Sept. 30, 1904,
net after deducting taxes and rentals is $5,288,439 this year, against
$6,075,083 last year.
Interest Charges and Sarplns.-The following roads, In
addition to their gross and net earninas given in the foregoing, also report charges for interest, &c.,
deficit
3,140
9,739
46,174
310,381
1,051,641
49,890
163,173
91,100
262,000
191,413
396.197
2,183,345
1,770.853
749.880
5,640,700 2,788,817 2,618,303
526.009
1,718,890 1,672.707
659,002
6,210,175 4,789,374 2,018.542 1,729,888
69,019
132,888
139.892
48,362
177,774
899,884
421,709
137,095
638.695
569,727 dl 68.360 dl62,828
1,612,824 1,654,174 d458,002 d486,848
22.699
67,254
45,878
84,887
123,744
54,675
101,639
63,399
234,032
738,634
2,123,045
169,069
497.650
292,700
899,300
925,168
2,396,812
1.834,750
6,735.979
Tear.
Pocahontas Collieries
above or
13,918
27,621
Net Earnings.-—~,
Cun-ent
Previous
Tear.
Rio Verde Branch, etc.
per cent of gross earnings.
k Earnings this year were lessened on aoooant of loss of bridge over
the San Pedro River which caused a break In main line Sept. 7 to
Roads.
$
$
$
$
Atoh.T.&B. Fe.b Sept 6,166,340 5.870,813 2,598,162 t2,489,T12
July 1 to Sept 3o....] 16,343,610 16,852,138 15,868,891 16,601,050
Atrta & C^ar. A. L.a Aug.
100.948
301,132
275.959
97,790
July 1 to Aug. 31...
Baltimore & Annapolis
Short Llne.a
Aug.
July 1 to Aug. 81.
Boston Rey.B.<fcLynDb~
July 1 to Sept 30
Baa. R. A Pltrbs.b Sept
July 1 to Sept 3 u
California AN W.a Sept
July 1 to Sept 3o
Canadian Northem. Sept
July 1 to Sept 30
0«nt. of Georsria a. Sept
July 1 to Sept 30 ..
Cent.of N. Jers«'y b.Sept
July 1 to Sept 30
Chesap. A Obto.h..gept
July 1 to Sept 30
Ohlo.Ter.Transr.b Sept
July 1 to Sept 30
Oolor'do&Bontb h Sept
July 1 to Sept 3u
Oopper Rang«*a .. Aug.
July 1 to Aug. 3i....
Onmberlaud Telephone A
Telegraph Co
Sept
Apr. 1 to Sept 30
o .a Sept
Detrnl t A M ao k
July 1 to Sept 3«»
Tear.
.
f Thirty
Net Earnlnirs Monthly to Latest Dates.— The table follov^iag 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 glvec
once a month In these columns, and the latest statement o^
this kind will be found in the Chboniolb of Oct. 22,
1904.
The next will appear In the issue of Nov. 19, 1904.
— Gross Earnings. —
.
PaoliU),
1,105
693,298
640,721
— Gross Earnings. —
Ourrent
Previous
,
Jan. 1 to Sept 30
767
29,6»fc
194:
below these charges.
.
Iii(., Ji'enlals, etc.
—
Ourrent
Tear.
Roads.
Previous
Tear.
$
$
Boston Bev. B. A LynnJuly 1 to Sept 30....
16,686
16,066
<fe N
W..Sept
27,048
26,012
July 1 to Sept 3u ..
81,142
78,036
Cent, of N.Jersey.. Sept 11633,666
482.363
July 1 to Sept 30 ...111,784,579 1,478,216
Copper Range
Aug.
8.438
6,875
July 1 to Aug. 31
16,875
11,750
California
with the surplus
Net Earn'gs.—^
Previous
Tear.
Tear.
,—Ji(d.oJ'
Current
$
*36,958
26,349
86.338
264,775
1.004,288
26,449
46,524
$
*35,443
23,878
f5.i38
267.617
1,040,087
16,724
42,926
OumberUnd Telephone A
Teleg. Co
Sept
22,738
22,605
116,939
100,152
aocklng Valley....Sept
148,915 147,674
73,120
76,196
July 1 to Sept 3o...
52y,9:7 461,783
214,656
235,377
Indiana III. A la. Sept
22,914
23,123
28,834
defSll
July 1 to Sept 30....
64,121
63,620
47,880 deM0,592
N. Y. A Ottawa Lines in New York State.
July 1 to Sept 30 ...
7,100
6,210
4,824 def.3,762
Pocahontas Collieries
Company
Sept
dl5,079
def.3,416
Jan. 1 to Sept 30.... dl38,624
29,097
Seading—
All companies.... Sept
866,600
886,264
July 1 to Sept 30 ... 2,5»6.600 2,665,793
aioGrandeJnuot..Aug.
Deo. 1 to Aug. 3 i...
Texas Central
Sept
July 1 to Sept 30....
8,333
72,600
2,6'»8
7,750
7,708
69,375
2.583
7,750
489,893
461,087
1,611,953 2.328,106
6,644
8,484
46,622
67,108
28,765
19,972
40,147
9,631
After allowing for other Income received.
1 Included In the ttzed eharges In thin fiscal year are expenditures
for renewals, additions and liiiprovemenlH amounting to $13 ',090 for
September, and to $ (00.360 for period July 1 to Sept. 30. There were
no churgHS to this acoount the previous year.
d Oharges Include sinking fund and preferred dividend.
*
—
.
»
. .
.
..
.
.
2
1
«
,
:
THE CHRONICLE.
1918
(Vol. lxxii.
— Grans Earnings. —
8TKEET RAILWAYS AND TRACTION COMPANIES.
Obobs
EJIKHIN08.
/an
eroMi aarningt
Lattti
WMKor i
Ourrey
Owr'n
Teat
tear
r
29.477
Albany A Hndson ..
Co
Septembei
Aur. El^rtn* Chlo.K\
.Seyteirber
September
Aupust ..
September
22,41
9
30,175
& Woroefter
BnrllnKt'n (Vt.)Tr»f
Cal. OaB & Electric
Cent. Penn. Tract.
August.
21,932
H
6,68(1
7,7
U
J26,66) 227,6.'St
September 44,18V 45,753
40,92
CWoftKO A Mil. Elfic. September 63.7
September 62,8ti;- 67,0'<t;
duo & Oak ParR
Oln. Dayton&Tol.lT. September 47,581 49,983
Oln. Newp. <b OovIdk
Traction.
121,41( 109,007
July
LlRht
1
<fe
9
221,919
-2
.
& LlRrn
(Muscatine, Iowa)..
Oleve.A 80. W.rr.Co.
Olevc. Palnsv. A E.
Detroit United Ry. it
340.177
192,620
10.41.^
9,71
Septi mber
September
3d wk Got
4e,28H
43.159
23.1M
23,0;;3
86,64t
td wk Got. 11,76
Dnlnth Street Ry
East St. Lonls A Sab. September 131,47^
Elgin Aurora A Son. September 38,8^t>
82.36
12,0a7
.
Ft Wayne & ^V abash
Valley Traction...
Geary Street Ry
Havana
Eleo. By. Co.
9'<,243
40,4tti
PrttioKf
Tear.
A Land Co
Houghton Co.
209,011
183,591
60,124
2,500,054
68,055
397,9.^9
324.277
588.640
372,440
890,657
1M4.636
598,780
391,486
780,26
682,391
73,602
77.747
830,231
853.071
172.188
164 884
3,614.657 3,553,734
601,843
496.053
765,024
980.292
341.09'
846,140
291.919
67.664 59,93;:
326.67^
14,857
181,700 t25",986 (1,365,843 11,186,088
Wk.Got.23
July
"'eptember
September
Ry August
Co September
Indlanap. AEast. Ry September
St.
.
Indian ap.i% Martins
vlUe Rapid Tran.. August....
26,711
18,810
24,867
20,870
76,161
20.315
82.4y6
21,693
242,949
129.322
20l,'»24
7':0,975
575,508
114,860
160,770
128620
13,671
Indlanapolip&North
•weetern Traction..
Intemat'l
System
TrtkOt,
(Buffalo)..
Rt
Eleo.
37,80
Co
Ithaca Street Ry
JacfcaonvUle Elec.O«
Kansas City Ry.A Li
Lake Bhore
September
September 384,960 377,921 3.124,794 3,002,798
18,161 11,337
August
23.828 21.789
188.375
leoioVo
August
365,379
July
September
Lehigh Val. Trao. C)
August....
Street Ry. Dep
Electric Light Dep August .
September
Lexington Ry
S-^ptembrr
Lo'idocSt. Ry.(Oai
2.324,333
67,46r
63,498
491.172
467,912
428,515
409,173
99.762
106.550
232,972
249,817
20,25t;
132 516
137.108
t>7,889
8,49:
76.499
Mad. (WlB.) Tractioi; September
Met. West Side Ele\ 8eptemt)er 161 860 l69.4f-9 1,543 962 1,625.094
MU.Elec Ry.ALt.(v September 279,85 271,516 2,364.794 2,235,597
321.437
348,461
l(Ill.Lt.Heat&Tr.Cc> September 48,615 43,05B
236,24^ 311,816 1,639,427 1,468,347
August
Montreal Street Rj
*
Munole Hartford
116,947
August.... 17,647 14,01!^
Ft. Wayne
Musk. Tr. A Light. C<.
73,107
8,039
8,303
72,216
September
Street Ry. Depan
26,312
3,017
2.88*
24,827
Electric Light Dei September
4.376
32,956
33,097
September
4,0 !>•
Oaa Department.
12,753 I0.79i^
August...
Ne'w London St. Ky
Norfolk Ry. A Lt. Co
872,92=1
343,040
74,237 71,42f.
July
Railway
9,44f
78,915
7,742
90,708
July
Olty Gas Co
666.30
669.7 U
iror.UhioTr.ALt.C( September 80,785 84,014
335.296
405,864
Northern Texas Tra^ September 46.021 41,94
September 99,61. 1(j2,i60 941,823 913.817
Northwestern Kiev
90,924
85,334
Orange Go. Traction 'eptember 12 40'. 11,687
160,88(«
10,80
PeekB.L't'g&RR.Co July
148.8l"7
18.79^ 19.700
153,913
Pottsv. Union Tract September
241.450
Bys Co.Gen.— Koadf- September 3359. 29,1 fij 258.86
2,2:.i9
18.158
17.214
September
1.905
Light Co'8
946411
122,211 107,93 1,106,910
September
Rochester Rallwav
Boob AEast.Rap.Rj. September 20,998
Rookford Belolt &
September 12,378 11,826
98,238
101,667
Janesvl lie
8t. Joseph (Mo.) Ry
49.90'
Lt. Heat A Pow. Co September 59,81
September L051,4S1 635,110 7,298,308 5,401,814
St. Lome Transit.
Sao Paulo (Brazil
106.001 100.58:
Tram. L't A Po. Co July
49,93. 60,-56
866,040 340,472
Bavannan Elect. Co August
619.877
September 77,5 4. 78.62
647.912
BcraLton Railway.
.
12,93
54,63o
11,93/
31,784
19,.'. 36
6.637
•
192,3b8 188.541 1,812,8"0 1.362.929
August
September 112,680 122.631 1,128.957 1,140,110
l,Obi
994
Wk.Got.z3
Seattle Electric Co.
South Side Eievatei
BprlngU'd A Xenla Tr
Byraouse Rap.Tr R>
August...
August....
August....
.
Tampa
66,150
35,4de
Electric Co.
Terre Haute Eleo.Co
71.328
68.56'
660',622
30,00<i
26507
231.609
368.494
148.459
54,426 46,2ft.'
24,1J4 26.40;
ToLBowLGr.ASo.li July
& Light September 150.344 160.011
Toledo Rya.
9,15'i
7,889
Toledo A Ind. Ry.... August
August...
22,974
Toledo A Western..
Rtvllway ..
Wk.Oct22 47,166 89.77
Toronto
Twin City Rap. Trai 2d wk Ort 79,198 79.297
September 617,642 641.1t»6
United of San Fran
Wash. AJex. A Mt. v September 22,350 21,321
Toungstown-Sharoi. August
38.617
522*590
198,499
296,1
160.112
1,289.947 1,226,929
1
.
.
141.90h
1.942.473 1.725.099
3,369.160 3.177 ,58u
4,917,010 4,580,576
182.t<42
173,674
302.90.')
Spanish sliver.
These are results for properties owned.
n These earnings include the Detroit United Ry., Detroit A Port
Huron Bhore Line and the Sandwich Windsor A mherstbarg Ry.
t
II
go
ay
of the month) we bring together all thp rcadp roportinfi as
Bisides the companies furnishivg monthly
done to-dav.
returns we have added this time the roads which make
quartirly returns.
Jioadt.
AJb'nyAHud.RR.aSept
Jan. 1 to Sept iu
Eiee. b —
July 1 to Sept 30....
Previous
Year.
Year,
$
yd
Knniings.
(' II rre 11 '
Pre viott»
$
29.477
221,919
30.175
20y,011
Yiar.
$
8.552
58,165
83,771
12.231
72,591
46.914
38.421
$
.«
S
48.786
23,918
340,177
188,737
158.957
82.729
22,418
21.932
9.818
11.276
192,520
8-.665
183.591
86.459
247. .00
234.965
113,152
108,339
55,866
31.086
July 1 to Aug. 31.
112,060
81,970
63,277
'4i^606
California Gas & Electric Corp.— See detailed statement below.
Central Pennsylvania
Traction Co
Sept
44,132
46.753
5,746
9,039
Jan. 1 to Sept 30
397,959
390,557
64.052
114,983
Ohlc. A) MUw. Elec.Sept
.«8,712
40,921
36.316
31,101
Jan. 1 to Sept 30
324,277
194,636
198,533
127,700
Cincinnati Dayton A Toledo Tractlon.b... Sept
47,581
49,983
24,807
26,683
June 1 to Sept 30....
197.404
204,661
92,238
105,076
Oln. Newp. A Gov. Light
ATraotlon.a
July
121.410
109,007
58,736
49.809
Jan. 1 to July 31...
730.268
682,391
297,573
288.728
Olev.Palnesv.* E...Sept
23.156
23,023
10,465
10.050
Jan. 1 to Sept 30....
172,188
164,884
70.030
70.877
Cleveland A SonthweKt'n
Traction Co
Sept
46,289
43,159
20.881
17,829
Jan. 1 t(> Sept 30....
353,071
330,231
128,932
186,493
Detroit United Ry.ii (all
properties).*
421,P37
Sept
411.812
187,352
178.218
Jan. 1 to Sept 30.... 3,387,228 3,304,050 1,312,523 1,356,572
Dnluth Street Ry.b.Sept
60,968
51,577
27,481
23,488
Jan. 1 to Sept 3u.
461,893
465,261
215.594
208,219
East St Louis A Sub Sept
131.478
98,243
81,486
48,809
Jan- 1 to Sept 30....
980,292
755,024
580.176
381. SCO
eigln Auro. ASo.b Sept
38.886
40,446
17.464
18,390
341,097
S46.140
Jan. 1 to Sept 3u
142,444
149,564
127,259
July 1 to Sept 30....
135,051
63.372
63,470
ElHilra Water L'ht A RR h— (Street Bailway Departvuntonly.)
July 1 to Sept 30....
60,601
63,120
25,565
14,314
Fort Wayne A Wabash
Valley Traction ..July
67,664
59,932
25,927
23,955
Jan. 1 to July 81
326,576
291,919
106,462
89,633
Geneva Waterloo Seneca
falls & Cay. L. Tracb—
July 1 to Sept 30
30,759
29.293
15,573
16,460
Honolulu Rapid Transit
A Land.b
Sept
26,741
24,«67
10,962
12.025
JaiL 1 to Sept 30
242,949
201,724
94,305
89,873
Houghton County St. Ry.
(Hancock, Mich.) Au^.
18.810
20,870
8,982
10,614
Jan. 1 to Aug. 3i....
129,322
128,620
88,503
46,370
Hudson Valley Ry.b—
July 1 to Sept 30....
199,048
180,367
92,429
76.544
Illinois Trac. Co. Sept
82.496
76,161
41,944
38,870
700,975
Jan. 1 to Sept 30 ..
576,508
£05,304
242,434
Ind'p'lls A Eact. Ry.Sept
21,693
20,315
10.133
10.467
Jan. 1 to Sept 3u ...
160,770
114,860
76,518
55,603
Indianapolis A Martinsville Rap. Trans.. Aug.
13.674
7.502
Indlanap. & Northwest
Traction Co
Sept
37,801
19,801
••••••*•
July 1 to Sept 30 ...
111,973
57,247
International Tract. Co.
Sy8tem(Baffalo)b.Sept
384.960
877,921
191,766
176,880
Jan. 1 to Sept 3 u
3,124.794 3.002.798 1,288.182 1,395.902
July 1 to Sept 30.... 1,224.585 1,198,316
651,466
605,390
Ithaea Street Ry.. Aug.
11,337
8,316
13,161
3,91i
10,131
Jacksonv. Eleo. Co Aug.
21,789
23,828
7,651
lb8,376
Jan. 1 to Aug. 31
160,040
75.698
63,428
Kau. City By .& Lt.aJuly
158.267
365.379
292,550
Jtme 1 to July 31....
713,408
Kingston Consolld'd b—
July 1 to Sept 30
40,111
17,751
19,419
41,467
30,804
Lake Hh. Eleo. Ky.aSept
67,465
63,498
26,859
Jan. 1 to Sept -0 ...
467,912
159,402
176,776
491,172
14,968
14,713
Lexington Ry. b ..Sept
31.784
35,436
232.972
89.543
92,116
Jan. 1 to Sept 3u
249,817
Ry (< a D a Sept
9.480
9,228
Lond. St.
20,250
19.536
132,516
42,947
48,467
137,108
Jan. 1 to Sept -to
.Sept
Sept 30
Sept 30....
Blntrhamton Ky.b..Sept
Jan. 1 to Sept 3u
Get 1 to Sept 30
Boston A Worcester. Aug.
1 to
m
.
.
i
Long Island Electric b—
23,599
33,743
64.409
48,304
July 1 to Sept 30....
3,864
6.537
1,117
Madison Traction .Sept
8.497
33,980
26,863
67,889
Jan, 1 to Sept 30....
76,499
Milwaukee Elec. Ry. A
271.515
151,361
186.056
Light Co..b
Sept
279,852
Jan. 1 to Sept 30.... 2,364,794 2,235,697 1,171,685 1,107,118
Milwaukee Light. Heat A
43,059
30,046
23.517
48.616
Traction Co b . . Sept
321,437
182,674
161.885
84S.461
Jan. 1 to Sept 30
i
.
211,816
236,245
By.. Aug.
Aug. 31.... 2,224,857 1,999,993
Munole Hartford A Fort
17,647
Wayne Ry Co. a.. Aug.
116,947
Jan. 1 to Aug. 31 ...
i«ew London St. R3 Aug.
12,783
10,798
Montreal
Oct
St.
1 to
.
City Gas Co. ... July
Jan. 1 to July 31
113,264
820,653
102,657
781,025
10.433
69,930
6,446
4,742
222,696
196,S0S
121,200
104,888
74.237
372,925
9,446
90,708
71,428
343,040
7,742
78,918
32.153
149.600
3.976
46.443
32,620
137,667
2.895
41,099
80,785
669.714
46.021
405.864
84,014
666,301
41,949
335.296
11,687
40,914
39.432
306.031
20,875
179.064
4.810
17,100
40,097
304.362
19,916
157.129
4,104
18,117
17,315
8,841
5,071
8,124
North. OhloTrac. A Light
—
Oo.a
Sept
Jan. 1 to Sept 30
North. Tex. Tract, l Sept
Jan. 1 to Sept 30 ...
Orange Co. Tract. Sept
Jniy 1 to Sept 30
.
.
Oswego Traction
July
Auburn A Syra.
91,666
rear.
Year.
1 to
July
)
is
Current
-^
Preciout
Year.
Chica-
Street Kaiiwaj Net Eamlugs.— In the following we
show aoth the gross and the net earnings to latest dates of all
Street railways from which we have been able to procure New York A Queens Co.b—
July I to Sept 30
monthly returns. As in the case of the steam roads, the
&
of the liflerent roads are published by us each week Norfolk Ry. Co Light Co.
returns
July
(Railway
as soon as received, and once a month (on the last Saturday
Jan. 1 to July 31
— Gross Earniiiys. —
Earnings.—
Current
Year.
$
A
Aurora Elgin
Jan.
Honolulu Rapid Tr
Illinois Traction
Set
Previous
Tear.
e
Oltliens' Ry.
September
.
Current
r
Septtuihei 132,568 I32 5!3il,082.&0'2 1,027,105
||
BlBRhamton Ry
Boston
II
rear.
46,7rit
Amerloftii K'ye.
Laie$i
1 to
1
to
12.402
42,121
b—
Sept 30
PeeksKlU Lt ABR.aJuly
18,953
10,807
—
-
Oct.
— Oross Earnings. —
Current
J'revicnis
Year.
Tear.
9
A^e/ Earnings.
Current
Previous
Year.
32,046
20,998
Sept
Railway
71,236
July Ito Sept 30....
122,211
Boobester By. Co.bSept
1,106,910
Jan. Ito Sept 30
398,752
July 1 to Sept 30....
Bookford Beloit& Janes12,378
Sept
vllle
98,238
Jan. 1 to Sept 30
St. Joseph By. Light Heat
59.816
Sept
A Power
Bao Paulo (Brazil) Tram-
8,791
107,937
916.411
343,545
8,271
32,627
87.162
498.268
194.749
11,949
62,536
464,972
171,220
Ught Co
Jan. Ito Sept 3oi....
Milwaukee Lt. Heat A
Sept
Trac. Co
•Jan. 1 to Sept 30 ...
Montreal St Ry.... Aug.
Oct
1
to Aug. 31....
Muncie Hartford
<b
WayneRyCo
6,745
48,453
Current
Previous
Year.
Year,
$
$
49.905
29,417
21,151
100,587
106,000
60,756
49,932
340,472
355,040
78,622
77.645
619,677
647,912
188,541
192,368
1,512,370 1,362,929
68,669
71.328
140,515
146,619
26,607
30,009
198,499
231,509
46,255
54,426
296,112
368,494
71,000
22,556
150,401
37.546
284.841
58,433
471.567
31.136
65,544
13,056
91,629
22,111
120,004
66,944
23,897
132,282
38.061
270,842
64,712
395,178
30.567
63,022
12.074
89,431
19,438
99.278
Norfolk By. A Light Co.
(BallwayOo.) ....July
Jan. 1 to July tfl....
July
OltyGasOo
Jan. 1 to July 31....
26.402
160.112
7,389
150.011
1,225,929
11,894
49,059
3,842
70.936
697,796
11,452
69,963
3,034
71.775
694,756
13,974
15,090
July 1 to Sept 30.
372,252
373.943
Twin City Bap. Tr.bSept
Jan. 1 to Sept 3u.... 3,208,171 3,020,843
5,692
207,926
1,698,003
3,168
215,329
1,621,956
185,469
156,134
Seattle Electric Go. Aug.
Jan. 1 to Aug. 31....
Syracuse Bap. Xr.bAng.
July 1 to Aug. 31....
Elect. Co... Aug.
Jan. 1 to Aug. 31
HauteEleot..Aug.
Terre
Jan. Ito Aug. 31....
—
Tampa
Green
Toledo Bowling
& Bouth'u Tract.. July
24,134
148.459
Jan. Ito July 31
9,152
Tol. & Indiana. a.. -Aug.
150,344
Toledo Rys.&L'ht.aSept
Jan. Ito Sept 30.... 1,289.947
Troy
A New England b—
DnltedTr.(Alb'y)b.—
July 1 to Sept 30....
youngstown-Sharon By.
Aug.
A Lt. Co.a
Jul 1 to Aug. 3i....
456,953
435,860
16.436
121.061
38,617
302.005
m Net earnings here given are after dedactliig taxes.
blfet earnings here given are before deducting taxes.
The Illinois Traction Co. Is a consolidation of Danville Urbana A
ChampalgD, Urbana & Champaign By. Gas & Electric Co., Danville St.
Ry. & Light Co. and Decatur Ry. A Llghc Oo.
n These earnings Include the Detroit United By., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Ajnherstbarg By.
m
75,285
649,155
•73.871
*506,041
*61.601
•467,400
18,653
150.345
30,255
231.263
15,360
124.725
21,415
210,778
11.393
*32,602
82,999
8.167
'37,188
81.242
670,247
49,760
*74,862
*57,866
16,290
126.734
2,846
19.911
16.367
123,942
2.834
19,974
15.863
23.966
16.253
3,625
1.130
26,632
21,126
22.666
203.658
10,150
91,006
22,707
199.665
9.673
82,490
16,766
102.373
10.725
88,068
17.390
104,687
10,243
74,639
8,718
20,700
8,382
def.2,583
3,461
3,498
*5,387
^4,661
5,328
26,360
239.210
81,092
6,499
26,742
280,618
77,581
*4.469
*31,868
*263.237
•115,504
*6,677
*27,169
'237.782
•94,816
2.697
24,270
10.645
83.710
18,703
16i,796
25.353
193,997
20,132
40.454
1,886
16.164
9,640
76.445
2.500
22,500
9,804
77,386
19,"86
178,072
22.257
19?, 332
20,088
40.355
2.143
16,423
6,665
53.433
3.539
16,578
11,911
3,246
35,963
14,093
66.t59l
54.89(5
18,843
119,045
33,075
277,570
11.004
25,090
11.171
75.466
12.471
43.559
18.275
93,770
42.456
199.846
10.279
22,467
9.931
73.008
13.773
46,846
6,677
41,863
375.303
41,418
366,840
6,217
29,068
223,493
30,367
327,906
30....
1,662
91,841
817,132
1.664
78,«88
705,631
4,030
116,086
880,871
1,814
186.891
916.325
United Trac.(Alb'y)—
July 1 to Sept 30....
86,659
76,147
*98,665
•93,431
Northern Ohio Traction
Sept
AUghtOo
Jan. Ito Sept 30....
North. Texas Tract Sept
Jan. Ito Sept 30....
Orange Co. Traction—
July Ito Sept 30...,
Oswego TractionJuly Ito Sept 30....
Pougbkeepsle ItyA Vapplngers Palls E.. By.—
July Ito Sept 30....
Rochester By. Co... Sept
Jan. 1 to Sept JO....
July 1 to sept 30.-..
Bookford Belolt A JanesSept
vUle
Jan. Ito Sept ^0....
Savannah Electric. Aug.
Jan. Ito Aug. 3 1....
Sept
Scranton By. Co
Jan. 1 to Sept bO....
Seattle Elec tno Co. Aug.
Jan. 1 to Aug. 3 1....
Syracuse Bapid Tr. Aug.
July 1 to Aug. 31....
Tampa Elect (70. Aug.
Jan 1 to Aug. 31....
Terre Haute Elect.. Aug.
Jan. 1 to Aug. 31....
Toledo Bowling Green A
Southern
July
Toledo B y 8. A Lt... Sept
Jan. 1 to Sept 3o.
larplus or defiolt above or
below those charges
i
etc.— r-Bal. of Net Earn'gs.^
Previous
Current
Previous
—Int., Rentals,
Current
Year.
Year.
Year.
Year.
$
$
$
$
6.000
46.000
6.000
45,000
3,563
13,155
7,231
27,&91
Jan.
Ito Sept
After allowing for other income received,
t Fixed charges include dividend on preferred stock.
n These eaminge Include the Detroit United By., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstburg By.
*
properties)
Jan. 1 to Sept
Duluth Street Ry.
Jan. 1 to Sept
.
Elgin Aurora
Jan.
1 to
July
I
to
Sept
30
Sept
30
...
<% So.Sept
Sept 30
Sept 30
Elmlra Water L'bt & RR.
July 1 to Sept 30 ...
Geneva Waterloo Seneca
Falls
Cay. L.
<&
Expenses,
16,537
15.664
•29.377
August—
16.000
64,291
8.477
26,187
10.588
40,785
20.917
148,029
20.929
147,184
87.819
149.544
*100.091
•95,835
89,802
84.208
'642,382
'539.677
803.069
743,762
7,651
15,832
10.973
16,609
69,134
148.470
139,085
67.124
9,218
8.121
9,333
9,172
66,276
83.288
69.017
83,39 7
85,953
27,839
27,517
35,533
(Street Bailtoay Department only.)
•2,267
•13,508
12,163
12,374
Tiac—
6,090
6,186
*10,669
*11,366
4,657
41,277
3.212
28,910
6.759
•56,127
•8,848
'61,278
3,4(54
Jan. 1 to Aug. 31
27,838
2.929
23,432
5.528
11.665
22.933
62,143
4.166
37,600
64,123
4,166
23.125
•31,145
5.967
39,018
•13.442
6.300
32.478
(Buflalo). Sept
136,383
to Sept 30.... 1.186.497
July 1 to St-pt 30....
416.888
127,448
l,^6^8»8
65,383
102,6H5
234.573
3,756
7.114
50,863
7.68.
Hudson Vallev Ry—
Sept 30
Ind'p'llB A East. Ky. Sept
Jan. 1 to Sept 30
1
to
System
1
Ithaca Street Ry...Aug.
Jaoksonv. Elec. Co. Aug.
Jan. 1 to Aug. 31 ...
Kingston ConsolidatedJuly 1 to Sept 30....
Lake 8h. Elect
Sept
Jan. 1 to Sept 30....
Lexington By
Sept
Jan. 1 to Sept 3u....
I..ond.Bt.By.(Can.)..Sept
Long Island Electric
Joiy 1 to Sept 30....
bond
plus.
interest.
ANNUAL REPORTS.
Annual Reports.— The index to annual reports is omitted
week because of the publication of the Railway and
Industrial Section, which contains references to the reports
of the principal steam railroads and industrial companies
tbis
printed in the Chronicle, not including to-day's issue.
Great Northern Railway.
^Report for the fisoal year ending June SO, 1904, J
The annual report of Mr. J. J. Hill, President, is given In
full on pages 1938 to 1963, Including ihe revenue and income
accounts, the general balance sheet, etc., etc.
The earnings and expenses of the Great Northern Railway,
compiled In tbe usual complete form, are shown below.
The first tab'^i includes the operations of the railway system the ppcotid table gives the income account of the Great
Northern C lupany, and the third table shows the results for
the entire eystem, treating all as if one corporation.
OPKBATION8 AND FISCAL BE8ULT8 OF EAILWAT SY8TKJI PBOPEB.
;
International Tract. Co.
Jan.
Sur-
Sinking
fund. SnUme*.
$326,661 $251,135 $75,526 $36,458 $12,500 $26,568
227,650
169,274
88.382
33,833
12.500
12,649
Oross. Sub. Oo.s,<£c.
28.380
136,544
July 1 to Sept 30
Honolulu Rapid Transit
& Land
Sept
Jan. 1 to Sept 3u
Houghton County St. Ry.
(Hancock, Mich.). Aug.
July
1904
1903
Corp.
int.
on bonds of
•23,232
16,330
66,051
a Elbotbic Cobporation.
CALtFORNiA Gas
ubnrn A Syrac Elec—
July Ito Sept 30....
Olncinuatl Dayton A Toledo Traction
Sept
June 1 to Sept 30
Oin. Newp. A Oov. Light
A Traction
July
Jan. Ito July 31
Detroit United By. (all
61
England-
the foregoing, also report charges f or Interest, &o,, with the
Albany A Had BB..Sept
Jan. 1 to Sept 30
6,433
24,980
49,601
New
and Snrplns.— The foilowing Stbeei Troy & I to Sept 30...
July
In addition to their gross andnet earnings given in Twin City Bap. Tr.. Sept
Boads,
589.390
5,000
35,000
Jan.
Interest cnargres
railways,
$
79,153
677,943
Ito Aug. 31....
New York A Queens Co.—
July Ito Sept 30....
— —
-
$
Fort
Aug.
6.236
40.848
Savannah Electric. Aug.
Jan. Ito Aug. 3i
Sept
Scran ton By. Oo
Jan. Ito Sept 30....
— ^Bal. of Net Earn'gs —
Year.
A
11,826
101,687
way L't & Po w.Oo. July
etc.
Previous
Year.
Roads.
Milwaukee Elec. By.
31,329
Rentals,
Current
Sept
Ry.—
to Sept 30....
Bootaertter A East'n Bap.
Inf.,
.
Year.
PouKhkeepsleClty&Wap1
1949
.
f
Roads.
July
.
THE CHRONICLE
29, 1904.]
plntrere Falls El.
—
%
24,733
398.971
1,593
8.115
23,799
18,137
20,371
183.538
8.611
60,163
3.665
17,901
20,371
179,633
6.412
47.989
2.432
9,290
9,186
1,560
3017
•def.336
49,435
23.-J,004
Av. miles operated.
206.419
2,320
Loirmoilves
4..'i36
29,629
•1.668
10,433
6.4=!8
df 21,936
df.2,8i7
9,301
9.3^7
39,390
6,915
44,127
6.796
Equipment —
•14,870
637
5»4
I
kt quip. 32,375
30,068
1901 03.
6.249
608
486
26,546
1900-01.
5.202
563
425
24,493
Optrationi
Pass, carried (No.)..
4,423, .-SSI
4,193.239
3.493.246
2,717.861
Pass carried I nitle.325,743.218 323,«04.^2t> 286.820,423 214.392.859
pasK.p.in. 2:-J78 ots.
2-327 crs.
2342 etc.
Freight (lonR) CHr'd* 14,24ft, 129 16.148, tt'S 13,v37.S63
do carried I nille*.83,'> 802089 3ei 6i35176 3190217482
\v. rat**?, tonp ra* 0*893 ocs.
8^7ot8.
8^9ots.
447
Av.tralulOHd(tons)*
^,\^
447
Ay.ratep
Eiirnp.p. patK.tr. m.
K
'14,738
Aw
1902-03.
5.490
708
843
Ptifisenuer eqnlpna't.
Frflghi
1903-04.
6.623
.rns. p. frr. tr.
mile
Gross earns p. mile.
$14767
$4*06
$7,134
$1-8166
$8-89
$7,429
S1-.M97
$3 64
$6,864
2'2140 cts.
9,»2.^,81^
2181761196
871ots.
sgx
$1-2248
$3*38
$5,450
.
THE CHRONICLE.
950
J
1900-01.
1903-04.
9
7,747.300
P»»«enger
28,944.300
KrelRht
Mall,«xp.,renta,eto. 2,865,782
1903-03.
1901.02.
9
7,576,680
80,915.234
2,294,783
9
6,662,173
27,409.017
1,961.065
1.817,703
Total Kroas earns. 40,057,352
40,785,647
36,032,265
28,350,690
Maine of way. etc.. 5.083,394
Malnt. of equipment 3,13«.6»3
Transporiatlon
10.740.242
1.632,1A3
Ueneral
Taxes
1,417,980
5.273,100
3.109.469
10,161.885
1,532,375
1,474,126
4,702,479
2.726,283
2 354,311
1,444,977
1.239,694
7,7.M,33»
1,335,613
969,642
Total
22.012,842
P.O. op. exp. to earns.
(54 95)
Net earnings
18,045,010
21,'i50.955
19,028.858
16,813,062
(!S2-84)
(52 81)
(59 30)
19,234,692
17,003.397
11,537,628
Samtngi—
9
4,900,333
21,623,664
4,402,167
Company's freleht exoladed.
INCOME AOOOCNT OF OSBAT NOBTBERN BAILWAT OOMPANT.
1901-02.
190001.
1908-Oi.
190203.
Ree'ipU —
t
*
9
$
•
IHCOIIK ACCOUNT.
1903-04.
1902-03.
t
$
20,649,250 22,095,908
&
Other Income
Land dep't
15,9>«3.081
268,332
78,208
1901-02.
$
18,112,370
360.629
90,176
20,445,131
22,442,446
18,463,175
16,363,879
6,908,500
721,717
7,442.941
192,174
721,758
7,«53.108
493,827
623,131
7.421.979
327,893
488,600
'8,834,749
Receipts—
earnings
N^-t
Ejr/jetuet—
8,9l.'S.425
[Vol. Lxxix.
•8,334,571
•8,819,732
6,6^2,558
(7)
(7)
(6>«)
17,950.909
4,491.587
17,189,786
1,363,889
14,891,030
1,472,849
jj.v ^ ..^
**" '''f-"°
\
Int.
receipts.
Total
Deduct Interest on bonds
Rentals
HiDklDg funds
Other charges
Dividends
Rate of dividends
&
395,548
3,126,504
1,491
863,177
176,485
2,059
337,554
172,752
2.014
864,296
402,424
474,142
212,845
18,302,748
19,801,346
16,085,456
12,274,088
secarltles sold
Rental leased
lines...
Int.
and misc. Items
Total
—
Di»t>ur$etnenls
8t. P. M.
Total
16,464,966
Balanos, surplus.... 3,980,168
• Of this amount In 1903-04. $8,608,082; in 1902-03, $^,606,752, and
In 1901 02, $8,606,120 was applied directly as Interest on the Nor.
Paolflo Great Northern Joint bonds, as a matter of convenience.
Ry., East
Minn
,
Ry
oi
and "other
rentals"
3,973,603
7% on Qt. Nor. stock. 8,683,925
Interest on £ loan ...
212,625
Pnnd for Improvft'te
and renewals
3,992,737
8.673,973
3,742,545
8,225,920
2.000,000
3,000.090
2,000,000
Total dlsbaree'ts. 14,870,163
3,482,595
Balance, sarplae
15,666,710
4,134,636
13,968,465
2,116,981
3,687,656
6,897.369
BNTIBB OBEAT NOBTHEBN BAILWAT SYSTEM.
1903-04,
1902-03.
190102.
Gross earns, of railway system proper. 40,057,352
Gross earus. of other
40,785,647
1,352,043
36,032,256
10,585,025
1,689,063
1900-01.
Securities of controlled roads..
Sundry Investments
Materials on hand
winking funds
2,213,697
Tot.earns.of syst.41,414,804 42,137.690 88,868,513
Oper. expen. & taxes 22,895,950 22,409,171 20,874,317
30,564,387
18.296,482
Net earns, of B78t.l8,518.854
Miscell'n'oasinoome.
973,680
12,267,905
1,619,775
1,357,452
19,728,519
1,320,871
17,984,196
2,031,750
Tot. net Of system. 19,492,534
21,049,390
20,015,946
13.887,680
4,921,537
8,678,973
5.133,581
8,225,921
5,079.200
6,897,370
Deauct—
charges
and
divs. on £a8t. Ry. of
Minn, stock and St.
P.
&
stock*.. 4,902,403
Dlv. on Git Nor. stk.. 8,683.92)
Interest on £ loan ...
212,625
Funds forlmprove'ts,
renewals & tunnels. 2,000,000
M
M
15,798,958
3,693,581
Burplas
*
A
3,000,000
2,000,000
16,595,509
4,453,881
15,359,502
4,656,443
11,976,570
1,911,110
After deducting the dividends received by Qt. Nor. on the
Minn and on (In 1902-03 and 1903-04) the Eastern Ry.
owned by it.— V. 79, p. 1636, 213.
St. P.
M.
of Minn,
stock
Chicagro Barllngton & Qaincy Railroad.
fRepcrt for the fiscal year ending June 30, 1904 )
The annual report of this company for the fiscal year 1903-4
is given on pages 1964 to 1966, embracing the remarks of Mr.
George B. Harris, the President, and the balance sheet and
income accoant.
The results for four years are given below, the balance
sheet in 1902-08 and 1903-04 embracing the accounts of both
the C. B.«& Q. Railway Co. and the C. B. & Q, Railroad Co.
OFEBATIONS AND FISCAL BEBULTS.
Miles oper. Jane 30*
1903-04.
8,310
1902-03.
8,256
1901-02.
8,124
190001.
1,262
1,025
45,751
1,175
1,017
44,628
1,155
1,005
43,566
7,912
Equipment—
EoKlnea
,
Paeeenger equlpm't.
1,365
1,130
48,728
Freight <Sz misc. cars
Operations
Pase'gers car'd (No ) 14.098,053 14,100,065
Pass'rs (rev.) 1 mlle.682,3.52,166 678,462,129 600,136,909 533,186,204
2-12 cts.
2 03 cts.
Rate p. pass. p. mile 212 ets.
2-l6cts.
Freight (revenue)
20.634.024 20,049,276
carried (tons)
Tons freight 1 mile .5207483649 4931186014 4001631245
Rate p. ton p. mile.. 0*88 cts.
87 eta.
0896 cts.
$1-36
$1-26
Earn. p. pass.tr. mile
$2-31
$2-38
Earn. p. Jr'ght tr.m.
278
266
Av. train load (rev.)
—
Eariu7igs—
$
9
44,651,997 42,7h2,403
Passenger
14,4^4,573 14,136.281
Mall and mlsoell'ouB 6,081,622
5,719,692
Freight
36,072,080
12,857,267
4,865,999
33,662,221
11,6U,746
4,765,022
Total
65,228,192
Operating expenses—
way. etc.. 10,277,275
Malnt. of equipment 8,376,602
Oonduci'g iransp'n. 20,266,481
3,751,9^5
General
1,906,649
Taxes
62,638.379
53,795,246
50,051,989
9,841,728
7,719,044
17,985,984
3.717,281
1,778,476
7,786,364
7,430,935
17,336,772
8,676,029
6,094,878
16,179.511
1,491,478
1,627.017
44,578.942
40,542.478
85,682.876
(68-3)
(64 72)
20,619,260
22,095,906
Miilnt. of
Total
P.O.
op exp. to earns.
Net earnings
1,4.55,768
1,673,037
(tf6
33)
18,112,370
34,068,908
(6807)
15,983,081
There were Jane 30,1903, 68 miles additional of narrow-gange
road not included in operations and equipment. Tlie earnings and
expenses below, however, include these narrow-gauge roadie.
*
10,926,110
8,088,194
4,88 2.965
13,493,133
609,800
3. .546,037
12,673,355
1,018,000
6,348,990
8,111,097
372.430,779
366,285,418
340.945,259
110,839,100
110.839,100
110,800,600
23,106,399
10,000,000
30,547.860
13,294,487
21,697,725
10.000,000
20.352,290
10,000.000
25,415, ')34
19, -'85,021
18,151,468
13,022,699
872,430,779
366,285,418
340,945,259
Bonds (seeRT. & Indus. 8ec.).171,0l5.100 156,050,900 152,072,400
Coupons unpaid
56,116
82,130
75,487
Burl, relief department fund..
148.830
621,176
556.890
Fire insurance fund
426,785
408,086
840,245
Replacement fund
5,221,577
2,201,864
1,673,564
Interest due .luiy 1
2,205.663
2,236,125
2,109,300
Vouchers and pay-rolls
5,612,950
5,568,962
6,668,889
Sundry current acooants
16,912.422
4,543,932
Sinking funds
Renewal fund
Income account
Profit and loss
Total llabllltleB
X "Composite" balance sheet of C.
-V.
B.
&,
Q. "&&.
and
O. B. <&
Q
By. Co.
77, p. 786, 800.
Bock Island Company.
CFor the fiscal year ended June SO, 1904. J
The Rock Island Company is the ow^ner of the entire
tal
Fixed
5,146,460
9,118,683
5,816,989
14,876,440
584,400
1902.
«
294,277,364
7.060.108
7,910,308
Sundry available securities ...
Sundry aoo»unts, balance
)
« oiaokt)
Accts. and bills receivable... 5 ".^^"'^o' ^ 20,968,150
Cash on hand
4.762.400
6,505,025
28,350,690
2,826,257
proprietary cos
30.
X1904.
X1908.
Asieia—
$
$
Oostof road and equipment... 321,973,526 302,654,667
Total asHets
LiabititiesCapital stock
A
Net rent
M
119.751
1,492
74,034
114,385
8,026.871
260,248
120,555
759,465
BALAHOE SHEET JCNB
operated
by Qt Nor. Ry Co.. 16,679,973 17,961,874 13,268,998
Int. on bondR owned.
395.898
398.871
380,635
Dlv. on stocks owned
751,340
850,367
1,419,960
Profit on Treasury
Bills reoelrable
Bental of eqalp., gen.
I
(7)
Net earns, of the lines
leased
5
1900-01.
$
stock,
$145,000,000.
capidirectors' shares,
of the
The balPacific RR. Co. of Iowa.
except
Chicago Rock Island &
ance sheet of this latter company is given separately below.
The Chicago R)ck Island & Pdoific RR. of Iowa owns
$69,557,475 of the 174,818.100 capital stock of the Chicago
Rock Island & Pacific Ry. Co, and $28 634,900 of the $29,000,000 common stock of the St. Louis & San Fran. RR. Co.
Each of the latter two companies operates independently
its lines of railway and each is interested through the ownership, directly or indirectly, of at least a majority of the
capital stock in certaio subsidiary companies, each of which
operates its property independently. The lines of the Chicago Rock Island & Pacific Ry. Co. (including linea formerly
of the Choctaw Oklahoma & Gulf RR. Co,, the Burlingtom
Cedar Rapids & Northern Ry. Co ani the R3ck Island &
Peoria Ry, Co. ) together with the lines of its subsidiary
companies, namely, TOe Chicago Rock Island <fe Gulf Ry,
Co. and The Chicago Rock Island & El Paso Ry, Co,, comThe report
prise what is known as the Rock Island System.
for this system was given in last week's Chronicle, on pages
1700 and 1716 to 1720, inclusive.
The lines of the St. Louis & San Francisco RR C 3., together with the lines of its subsidiary comoan'es, namely,
the Fort Worth & Rio Grande Ry. Co., the Red River Texas
& Southern Ry. Co., the Paris & Great Northern RR, Co.,
the St. Louis San Francisco <fe Texas Ry. C)., the Blacswell
Enid & Texas Ry. Co., the Oklahoma City & Texas RR Co.,
tbe Birmingham Belt RR. Co. and the Chicago & Eastern
,
Illinois RR. Co., comprifl« what is known as the Frisco system. Toe report of the Frisco system is given below.
As the Rock Island ComPresident Robert Mather says:
panv is the owner of the entire capital stock, except directors' shares, of the Chicago Rock Island & Pacific RR. Co.,
the income of both companies is included in the following
statement:
COMBINED INCOME ACCODNT.— ROCK ISLAND COMPAHY AHD CHIOAOO
BOCK ISLAND & PAOIKIC KB. CO.
Dividends on the Chicago Rock Island <fe Pacific Ry. Co.
stock owned, paid Out. 7, 1903, to Jaly 1, 1904, both inclusive, aggregating 8
Other income
$5,564,592
64,818
p. c
$5,629,410
Total income
Deduct—
Bxiienses and taxes
Interest on Chicago
bonds,
Four
Five
& Pacific RR.Oa.
vlz'.-
p. c.
p. c.
June
Rock Island
$36,925
30,
bonds, one year
bonds, SepC. 1, 1908,
1904
$2,782,280
to
712,883 3,495,113
3,552,033
for dividends
$2,077,372
Less four quarterly dividends of 1 p. c. each on preferred
stock, Nov. 1, 1903. to Aug. 1, 1904, inclusive. (4 p.c.).... 1,947,608
Balance available
$129,764
8nrplu8 for year
[The profit and loss accoant of the Rock Island Go. proper
shows: Surplus June 30, 1903, $503,136; received as dividends on
stock owned in C. R. I. & P. RR. Co., $1,475,000: other income, $50..
:
.
.
Oct.
THE CHRONICLE.
29, 1904.1
dtyldend paid (4 p. c),
913; deduct expenses and taxes, $30,661;
separate Income acSI 947 60-; enrpluB Jane 30, 1904, $50,779. For
Railroad Oompaay see statement foilowlng -Kd.]
count of the
CAPITAL Stock. DurluK the year the Issued common s'ookofthe
$96,000,000, and
Rook Island Oo. was Inorelsed from $75,000 000toto$54,000 000. all of
Selssned preferred stock from $52 500.000
which has been Issued for the »cqulsltlon of the capital stock of the
Chicago Rook Island & Paclflo RR. Co., and part of which has been
used by the latter company In acquiring shares of the Cipltal stock of
the Chicago Rock Island * Pa«»ti'^ ^^ ,Ji«- ^^^S^- P°*«
J,*?,? 'cfil
Island Co., $7,113,967
Cisco RR Co. [Of the stock Issued by the Rook
that company's treasury on
common and $5,309,767 preferred was In sheet.]
June 30 1904 See foot notes to balance
Funded Dbbt —The funded debt of the Chicago Rook Island & PaCo. was, as of June 30, 1903, $69^'>57.475, representing 4
cific
acquisition of $69,557,475 stock of the
T) o bonds Issued against the
OhioaKO Rock Island & Pacific Ry. Co. This has been increased during
the year by an issue of 5 p. o. bonds against the acquisition of $28.634 900 common stock of 8t Louis & 8»n Fr»ncl800 KR. Co., amounting to f 17,180,940; making the total bonded debt June 30, 1904, $86,738,419.
BALANOK SHEET OF BOOK ISLAND COMPANY JUHB 30.
*
1903.
f
118,850,707
90,B94
C. R.
I.
&
Unpaid vouchera and acc'ts
Dividend payable Aug. 1...
P.
iao.643
488,902
503.136
500,000
able July 1,'04
Total liablltl'a.150,658,888 119,360,141
Total assets. 150,658,828 119.360,141
X Includes: Issued and held In treasury. $7,113,967; Issued and outstanding against the acqalsltion of $69,557,475 scock of the Chicago
Rock Island & Paclflo Ry. Co., $69,657.47.'>; Issued against the acquiSan Francisco RR.
sltion of ^28,634,000 common stoek of St. Loala
Co.. $19,328,558.
J Includes issued and held in treasury, $5,309,767; Issued and outstanding against the acquisition of $69,557,475 stock of the Chicago
Bock Island & Paclflo Ry. Co., $48,690,233.
z In addition on June 30, 1903, the treasury held $6,441,225 common and $3,809,768 preferred.— V. 79, p. 1716, 1700.
A
Chicago Bock Island
&
Faeiflc Railroad.
fiscal
Company, which owns most of the stock of the Railway Company and is itself oontrolled by the Rook Island Company
through ownership of the entire oatstanding stock (see Rock
Company
Island
INCOME ACCOUNT FOB TEAB ENDINO JUNE 30, 1904.
o.) on the O. B. I. & P. Ry. Co. atook owned.. $5,564,592
Dividend (8 p.
Other Income
13,905
Totalincome
Deduct—
Expenses
Interest on 4
$5,578,497
,
p. c.
Interest on 5 p.
Dividends to R.
c.
I.
$26,263
2,'/82,280
bonds, one year
bonds, Sept. 1, 1903, to Jane 30, 1904.
712,^33
Oo. Jan 1. April 2 and July 1, 1904
1,475,000
Surplus for year
$582,121
The deficit on June 80. 1908. was $447,754; surplus for 1903-04 as
above, $582,120; total enrp. June 30, 1904, $134,366.
BALANCE SHEET JCNB
AutU—
30, 1904.
Liabilities
$
—
TotalassetB
Total liabilities
238,382,972
$
21,620,882
19,324,279
3,438,840
2,613,161
9,019,254
804,723
2,978,847
2,212,306
7,649,347
631,970
2,624,416
2,005,404
6,180,104
599,968
17.756,282
15,875,978
13,472,471
11.409.887
Total
P.O. Of
(66-02)
Net earnings
(65 36)
(62-31)
9,140,479
op exp.to earn.
8,413,582
8,148,411
233,382,972
76, p. 1106.
1903-04.
Net earnings
1902-03.
$
JR
Cliicago
8,413,532
8,148,411
7.914,892
39,661
20,034
823,413
131,095
5,076
607,138
177,699
19,461
176,149
11,659
10,023,592
9,156,836
8,346,372
8,101,200
4,326,414 3,530,437
2,831.891 2,780,865
Rental of leased lines
464.800
382,820
Taxes
93,613
98,774
Rental tracks A terminals
Dlv. on pref. stock certif186,628
icates O E &Iil. RR.... 250,602
Div. on common stock cer-
3,191,720
2,434,069
360,769
81,546
2,586,658
1,887,672
Land department receipts.
Dlv. on O.
&
£.
Btocb..
111.
Total net income.
Deduct
—
Interest
tificates C. <k E. 111.
RR..
714,100
16,719
61,815
Miscellaneous
Extraordinary expenses..
220,619
8,759,954
Total
St.
Louis
& San
(Report for the
fiscal
30,
7,682,118 6,068,094
1,474,718 2,277,478
&
Ban Fran. 1,263,638
Bar. of St. L.
Surplus of C. & E. 111. over
charges, betterments and
year ending June
30, 190 A.)
341,164
357,831
1,816,872 2,277,478 2,993.080
Div.on8t.L.&8.F.lstpf.(4)199,742 (4)199,742 (4)199,742 (4)200,000
Dlv. on 8t L. & 8.F. 2d pf (4) 640.000 (4) 640,000 (4) 606,539 (2 ifl)400,000
Div.onK.CFt.S.&M.oom
(4)395,920
.
889,742
781,727
839,742
805,281
995,920
976,130 1,472,197 1,997,160
CONDENSED OBNEBAL BALANCE SHEET JUNE
Asttts—
Franchises and property
and bonds owned
UefundiDK suspense account
Leasehold estate— K. C. F. S. & M. Ry
Franchiies and property, auxiliary cos...
C. & E. L KR. Co. preferred »toclj, cost..
Stoeli''
1904.
$137,5d5,073
8,0o2,019
& B. I. RR. Co. common stock,
New equipment
C.
6,24-^,708
200,000
1,1H0,539
1,659,788
1,093,546
182.385
2,316.079
165.^84
2.178.746
105,761
13,164,661
$211,334,048
5000.000
$5,000,000
16.000,000
$5,000,000
16.000 000
89,()00,< 00
76,0'56.9!i5
29,(1(0,0
18,510.000
16.000,000
13510.000
stock
debt.
Ry. pref. certlfloates
stock
years past,
etc.
Comparative
for the
statistics for four years
Chronicle
as follows
have been compiled
Miles oper. (average)
4,217
Equipment—
Locomotives
Pass'ger equipment.
Freight equipment.
Company
cars, etc..
Operations
* All
owned by
tlie
1901-02.
3,252
200,000
731
416
586
387
510
342
464
308
21,679
21,129
16,939
14,985
546
S43
472
879
—
Paeseugers carried,
4,930,585
8.740.960
4,181.637
3,678,344
do
flo
1 mile. 254,484.036 214,314,007 1R6,23H,488 170,4Ht;,8 l8
Rate p. pass. p. mile 2-.i51 ots.
2-2 ots.
2-279 CIS.
2 2»6 ots
Freight (tonsjoarr'd 11,114.417 10,049,931
879H,26l
9,06«,650
do (tons) car'd I m. 19.23003002 1749,=>96697 1637557119 1540<!O.')003
Kate p. ton p. mile..
976clr 0-995 otB.
0-953 cts.
OH»4 0t8.
Av tr.load(rev.)tons 200-43
195 01
200-3d
186 91
Karn.p pass.tr. mile $1 1210
$1-0456
$1-0171
$1 0081
Earn. p. f r'ght tr. m. $1-9.570
$1-9393
$1-7897
fl-7813
OroRB earns, p. mile 16,37836
$8,608-98
$6,611-45
$6,647-77
19,603
200.000
85,08.S,110
14,1S<8,700
lO
5n.019,925
16,000,000
33,4»0,610
12,084.100
16.671,920
1.245.000
200,000
2,14rf,136
i,P8o,6bb
8.6u0,000
6,190,000
4,335,0a5
847,536
238,073
1,640,400
944.874
219,129
1,264.988
68,491
2,216,000
3.«09,2i!6
840,000
2.47U,640
43.633
127,436
1,806,650
671.471
170.516
1,096,414
107.471
8,269,4 62
$267,159,433
$311,334,048
3 8-<*,76»
1,412,609
1«8,477
1,490,0)6
937,266
162.376
1.151,280
89,373
$ij,920,6(.
of the funded debt of auxiliary companies Is owned by the Company, of which $2,182,000 is deposited under the refunding mortgage: $399,500
under the K. C. F. S. St, M. Ry. Co. refunding mortgage, and $33w,000 under the
trust mortgage of 1887.-V. 79. p. 1021, 068.
•1-
&
Eastern Illinois Bailroad.
("Report for the fiscal year ending
1900-01.
2,922
97.S.737
Company.
Chicago
1902-08.
3,675
19,1 06,^20
6,267,560
17,600,600
4.046,170
l.-4i22,804
4,03-',750
loss
liabilities
:
OPBBATION8, EARNINGS AND EXPENSES.
190804.
and
16.000.000
S9.0 0.000
88.309,034
13,510,(00
16,00".000
36,672,510
14,38-2,700
tl9.279,920
6.837 550
18,044,r00
5,566,848
198.97rt
3,468,241
$292,510,328
Miscellaneous
Total
l,6!-3.084
119,913
1,096,342
$267,159,4.33
Com mon
Profit
918,910
906.MO4
106,576
1.365.294
Iu0,293
.
lAabilities—
First preferred stock.
Com mon
l,fl05,548
1.245,f00
200.000
370.724
506.28S
6,465,274
2,164,917
1,2H5,154
100,873
306,(<88
Second preferred stock
& M.
200 OHO
1.548,980
3*6.725
1,192,648
100,961
2,526.479
135,783
1902,
$100,682,122
l.'44,893
6,677,510
62,000,610
28,700.097
$292,610,326
Total assets
S.
63.f91.-!7i
33,210,534
6,257,550
17,660 500
8,777.911
6,29i,550
18.289,237
cost.. .
Advances, roads under construction
Sinking funds account
Improvement fund and miscellaneous.
K. C. F.
1
8318,046
6«0
33,tt00
Kefunding mortgage bonds in trust
Cash in treasury
()ash tor coupons and sinlilng funds
Due from agents and conductors
Due from railroad companies
Due from companies and Individuals
Due from United States Government....
Supplies on hand
Unadjusted open accounts (balance)
Funded
30.
1903.
*122, -21,600
64,529,265
. . .
The company's eighth annual report
is given at considerable length on pages 1966 to 1971 of to-day's Chronicle, embracing the remarks of President Davidson, comparative
tables of earnings and operations, and balance sheet for two
5,108,120
2,993,080
Tot. forSt.L.&8.F,div.l,621,469
Interest on bonds, matured
Interest on bonds, accrued (not due)
Taxes accrued (not due)
Sinking funds, accrued
Francisco Bailroad.
338,074
75,097
702,594
KR
RR
190AJ
Equipment notes
Ref. M. 4 p. 0. bonds. Northwestern Div.
The results from the operation of this company's lines,
improvement and equipment fund
forming the "Rock Island System," were given last week on Deferred payments, O. C. & W. RR
O.
page 1700. The report of President B, L. Winchell was on Deferred payments, A. & C. C. Ry
Deferred payments,
V. * W. By
pages 1716 to 1720. Regarding the mileage included in the Not 8 payable
Audited vouchers and pay-rolls
aforesaid report, see the report of the Rock Island Company Com pan es and individuals
Railroad compauies, account traffic
above.— V. 79, p. 1481, 1022.
June
190001.
9,140,479
Capital stock auxiliary companies
Funded debt, auxiliary companies
Pref. stock trust certfs. C. & E. I.
Com. stock trust certfs. C. St £1. 1.
Bock Island & Pacific Bailway.
1901-02.
Add—
Mlsoelianeoas income
Funded debt and equipment notes
("Report for the fiscal year ending
(59-04)
7,914,392
INCOME ACCOUNT.
Securities in treasury, cost of
Stocks of other companies. 231,787,919 Capital stock
146
Jl75,685 Gold bonds, 4 per cent
Other Inveatments
09
Cash
152.118 Gold bonds. 6 per cent
17,
Accrued dividends on stock
Unpaid vouchers and accts.
Unpaid coupons
ot Chicago Rock Island &
Pacific Railway (payable
Dividends to stockholders
1,817.264
(payable July 1, 19 4)
July 1.1904)
Interest accrued (not due).
Surplus
—V.
1900-01.
$
24,289,510
—
Sorplns to profit and loss.
above) are as follows:
1901-02.
$
1.... 26,896,731
Total
Operating expenses
3,131,141
Malnt. of road, eto..
Malnt. of equipment 3,414,328
10,310,042
Transportation
900,741
General expenses..
dividends
year ending June 30, 190j^,J
The income ao^'ouat and balance sheet of this Railroad
^Statement for
1902-03.
18,776,231 17,398,876 15,606,243 13.920,672
5,982.083
4,885,163
4,253,758
3,752.995
620,320
530,969
471,751
462,478
762,469
630,336
S26.321
459,374
755,627
844,166
762,810
728,759
Passenger
Mall
Express
MlBcellaneous
121,096
488.902
60,779
Surplus
RR.Co., pay-
$
x98,000.000 ai69,658,775
y 64,000,000 z4S,e90,332
.
1,018.840
1903.
1904.
t
LtabiHties—
Com stock
Pref. Block
190304.
$
Gross earnings—
Freight
RR
1904.
$
A ssets—
Stocks owned.. 150,047.664
93,111
Cash
C< mpanies and
17.458
Individuals...
Accrued div. on
1951
June
SO, 1904.)
President A. J. Davidson says in part
The increase in gross earnings was $940,195, or 12-17 p. o.; the decrease In net earnlDgs was 4Si99,t>49,or 6 29 p. o. The tone carried one
mile Inoreiised 10-17 p. c. and the average rate reonived per ton per
mile was
4-(>8 mills, against 4*55 mills last year.
Freight train miles
Incrf^ased 24-37 p. c; average train-load (all freight), was 572 tone,
a decrease ot 74-1 tons, or 11-47 p. c.
AuDiTioNAi^ MiLBAoB. -The following new road was completed, ot
which (i'94 mites was Included In the operated mileage In June, and
the remainder will beoiierated early In the coming yt-ar. Eikstern Illinois & lit. Louis RR.— Woodland Villa Grove out oli and Fmdley Pana
extension, com prlHlng part of the new Chicago Ht. Louis line, 81*92
mlies; Uiint's extension, 6-94 miles; total, 88 86 miles. Second track
completed on Terre Haute Division, 10-2 J miles.
FuNDKU I>KDT— The fundtd df bt was Inoreased $1,828,000 by the
forther issue of Interim certlticates. to be exchanged for general' consolidated and first mortgage 5 p. o. bonds in anticipation of the completion of the new road referred to under additional mileage.
7
.
THE CHRONICLE.
1952
—
Oosr OF PsoPBBTT The " ooit of road and eqalpmflnt " wa« Inoreared aa roliowx: (t) Equipment (net), f 2,l«7,0lb. (2) Coat of Koitd:
New nboi)B at O^tklawn, OanrUle, $549,0^.'S; tennlnaU at Oolton and
Villa Grove. 9138,894: EaHtera Illinois d: dt. LuuIh KR., $2,093,702;
seoond mala traoks.Terre Htute and St. Luuls DIvIdIouk, $2.^9,42i;
other, SA; total, 93.04l.0.^U; less preinlam on bondH KOld. $S3.020, and
prooee<te of property aold, !jiS93,294; net, 92,36S,736i total oharKe to
008t of road and eqatpmeut, $t,')33,t).^2.
In addition eiuHuditurea axifre^ntlnK $100,121 were mile for right
of way. new oDnntruotlon anl bettermento, and oUari^ed to "Income
account" for the onrreai y«iar, thuso InclullUK: A<ldltlonal side trackn.
$167,101; Bubstltutlon of heavy for light Bteel in traok,962,880; Brewer
yard. $72,223; remainder aoatterlng.
EQUii'MKNT.--New t-qatpment waa received ae foUowe: (1) Bought
for caHb— 2 dlDing oars, 100 convertible frelght-ballaxt oars, 1 atetm
glle driver, 1 grader plow. 1 grader and aprearter, 1 unioader: (2)
ought under Blair & Oo. equipment trust agreement, perles "B": 38
louomotlvea, 1.012 freight oarx, 32 paxaeager oars. luCaettlement for
the latter. $l .582,000 of equipment trust bonds were lanued and $483.725 waa paid in cash. Tocal eqnipmeat Jane 30, 1904: 198 locomotives, 158 passenger oars. 14,037 freight cars (also 500 stock oars
leased from Macher Hamane Tranep Oo ); mlsoellaneous, 129.
Statistics —Operations, earnings and charges are shown
for four years:
1900-01.
190304.
1902-03.
190102.
738
727
758
751
Miles oper. Jane 30
Operattong
3,797,099
8 497,127
4,159,682
4,189,708
Pass carried No
Pass, carried I mile.. 69,0^8, 412 68,617,286 6O.m62,407 59,49^404
1-72 cts.
1'63 ots.
..
1 77 cts.
172 ct3.
Rate p. pass, per
5.9l4,3i)4
7.011,362
8,631.401
Freight (tons) carried 9,445,731
below
-
m
do 1 mlle.1538733330 1398^50087 1096645085 917,170.6^3
do
0*493 ote.
0-455 cts.
0459 cts.
Rate p. ton p. mile... 0-468 ots.
Earnings$
$
*
$
968,746
1,044,053
Passengers
1,224,030
1,178,041
4,521,062
7,^05.681
5,038 727
Freight
6,354,225
234,331
191,582
194,714
Total
7,723,848
6,277,494
3,699.732
Earnings—
Pasfenger
Mall
Kxireas
X
(58-93)
(58-94)
2,188 152
219,0b3
3,327.650
3,644,558
2,826,909
2,407,215
1,856.778
225,655
Rentals
409,842
p. 0. on pret. atook.
Dlv. on com. stock ... (8)577.4^4
Depreo. of equlpm't..
New oouetraot., eto .. 400.121
1,612.999
157,523
1,245,8S9
132,138
409,842
(6) 433,068
300,000
289,971
409,842
2,969,820
357,830
3,203,403
341,155
6
Ic7,ft78
(6)43 l.888(5it) 370. •<79
66,793
250,4 ^2
2,826,909
BALANCE SHEET JDNE
Astttt—
Road and
1003.
1904.
t
$
eqnip't..42,210,205 37,670 553
Bonds, stocRS and
oth.inveaim'nto 2.223,619
Advan.
f<irC')ust'n
Sinking fund
e»fl.828
2,407,216
Biil^aodaccoants 2,122,744
M-tiertaUA sup... 7:^S,v43
19(H.
7,,217.«00
$
7,804.400
6.830.70J
&
63t»,608
4
167,322
b6,90J
84,066
4,000
289.229
160.000
126,798
$1,916,665
$611,922
5,<-u0
389,238
-27,
Marerlala ard sapplies..
urrent traffic account
Cash and cash assets
94
2,,647.638
843.1S9
31.785
«»"3.8ul
1 ,693.005
845.H68
Taxes, etc
Cast! assets
766,154
616,473
86M36
73tf,810
Ac
Income accoaut.
48.U61
$589,134
1902.
1903.
$
S
21,605,930
3.774,201
4,724,014
843,765
835,970
83,306.135
32,4S9,899
16,000.000
16.000.000
12,295,000
833,060
77^,882
1,44
1,
019
Pay-rolls, vouch.,
Cash
l,-,{ti6.'
$1,614,926
22,972.487 22,320,719
2 624,i43
2,730 944
5,146.833
6,279,364
605,241
727.699
206.481
331,539
1,730.184
1,269,187
Leaded and proprietary lines
Stocks abd bonds owned-
453.000 25.625 000
...
dlvl'ds.
$1,041,466
96,900
84,067
8,268
389,226
30.
$
8&£tS—
R>ad and equipment
Bt. &
iND.Sec)
Car trust note"
loteres'.
$1,055, '71
1934.
190S.
$
(f>ee
$1,068,608
96,9O0
84,067
$1,811,134
$399,293
&M
Burplas
30.
UamitUiCommoa stock....
Bonds
190,193
239,221
OENBBAL BALANCE SHEET JUNE
Preferred stock... 6 .8 0.700
8,985,663
418.7-6
««0.H30
490,9(5
220,110
279,608
H
Total
Total
Balance, aarplOB.
$744,175
792,710
2,924,359
Dlv. on pref stock C.
& D Ry.
Dlv. on com. atook C. H.& D Ry
Dlv. on oom. atook O. I. & W. By.
^
71,602
535,570
D & M.
RR..
Div. one m stock D
RR..
Dlv. on com. atock H< me Av RR.
1,201,671
379,84
$7^4,621
925,f08
3,386,5'87
$7,094,717
$6,061,726 $S595,534 $1,890,658
$2,210,425 $2,528,487 $2,204,059
Total.
Npt earnings
Deduct
In.ereBi on horde
Dlv. on pref. stock
Deduct—
Interest on bonds
$8, 124,021
$778,319
l,o79,183
3,712,166
215,924
276,135
Maintenance of equipment
Conducting transportation
(general expeneea
Taxes
(61-34)
2,577,762
249,147
$5,272,151
-
22'S,534
3,171,759
372,799
MiaoellaneonB
Total
Expenses
Malni'nce of -way and structures
159,572
355,542
Other income
$5,61P.536 $5,606,419 $4,861,212
l.S-iS.SH
1.972.481
2,019 149
If9.9f8
18?,403
179,947
149,218
155. 78
141, 1»7
281,136
213,500
64,060
Freight
3,471,294
2,^^74,055
Total
5,691,934
(65-69)
P.O. ex pen to earns.
2,972,108
Netearnlngs
Total
OPEKATIONS, EABNINOB, EXPENSES, CHABOEB, ETC.
1902-03.
1901-02.
1903 04.
Milee railroad operated June 30.
971
1,015
.1 ,015
Operatwns 8,827,lf2
3.A20,R0S
Pa^seng era carried
8,854,186
Paanengera carried 1 mile
111,743.547 109,506,153 108,491,437
l-^Oota.
Av'ge earn'g" P^-r paas. per mile. 1 'Slots.
180 rta.
7,'0b,816
Tons freight moved
7,7*4 524
a.87.-',236
Tone moveo 1 mile
78H,094,975 830,652,636 720,431,267
0-67 ote.
AVge earnVa piT ton per mile.. 0-71 cts.
067 cts.
$oS561
Passenger earn'gs per train mile $0-8638
tO-7508
$20904
$1-9750
Freight earna. per train ml. e
$19972
309-71
280-24
892-82.
Av'ge No. of tons freight in train
1,854,^468
4,^52,089
Ihe fignre^ gof cpfratiocs, eartings, charges and balance
sheet compare as follows:
625,618
605,6 J2
216.861
289,501
611,567
737,837
1,947.340
169.499
233,489
Expenses—
Malntotw.iy& struct.
664,133
Ma.nt. of equU'ment. 1,191,915
Cond. transportation. 3,339,813
24*1.573
General expenses
250,500
Taxes
—
HEW
EQDIMIBIiT ThIrtePD DCW 10ixir 10 i^lit-el paraeccer locomotlvea
%7Z{> Af-1 (d^b' loeomoilTes were
corapDed); 7 oars for pafPCDfter reivJoe were inirhafed costing $€1,713; 21 new 40 foot flat car* and Ave catcort-fi, built at Lima tbopa,
coating $13, V39; 9/8 fiel^ht rarH wire equipped wlih alr-bmkes.
Ther»» were ais o pDrebbhed 2 tew 10 wheel Ir»-'tht loconj' Uvea and
100 flat bottoni >fCiidola Cbrn (or the Clncli nail FiLdlay & Ft. Wayne
Ry. tttacont of $81,500.
Equlpiuetit Jntje 30, 190<: LocoojotlTea,
2^0; cara in patteiger eetvice, 19€; cars In freight, etc., eervlce,
ll,^47.
Odtlook. The proppf eta from a bnrlneta standpoint are encouraging and prom lae good reanlta for the o( ming year. Trade generally
la picking np; the larse Ind Ufttrles Idcaied aloi g yonr ralla are workln»r full time, and being Precldentlal year bbUIs, condlilona are more
favorable than a»nal at ancb times
6,659,446
661.035
880,637
ACQITIKBD AHO OBABOBD TO
wheel frt-tgbt loromot \ytt and 3
were pnroh ased at a crat of
169,838
8,664,042
Mall, express, eto....
[Vol. Lxxix.
. .
8
0:i!9,601
2,713,47;i
Total assets
33,639,387
Liabilities & IND. Section) 16,000.000
Bonds (see Rt & Ind. Section) 12,2a6,000
2'
174
Acoonnts and bills payable
i-71,^19
Vouchers and pay-roUa
Interest and dividends
443,018
surplus Income
3,e2y,8T6
StocEB (se^ Bt.
Total
—V.
...49,646,569 45,197.877
Total
49,646 659 45,197,87
79, p. 13)1.
Cincinnati Hamilton & Dajton Railway.
{Report for the fiscal year ending June 30, 1904. J
Pres'dent Eugene Zimcnermaa says ia substance:
Road.— The mileage operated In the same as the preoediag fiscal
year. The FindUy Ft. Wayne & Western Ry. Oo however, has been
reorganized as the Cincinnati Fladlay &, Ft. Wayne Ry. Co. and leased
X
,
to the CInclana 1 H^mlltou 6l O<tycon Ry. Go. for 99 yearr*. renewable,
126 miln oonneotlon between DeL>hus,
dating from Nov. 1, 1903.
O., and the Cincinnati Flndlay & Fi. Wayne Rv. at a point ne«r AC an
dale, O., win be ready for operation ab mt Oot. 15, 19ii4. This is a
part of tue Clnolnuatl Findlay
Ft. Wayne By. and Inoladed in the
lease.
An extension from a point near Oallia, O., Into Ironton, O 42 miles
In length, with a m«xlmam northbound gradient of -Z^ p. o. Is nad>^r
way. By this extenst ^n we shall avoid the heavy grales -'ver whioh
we now operate from De^rns. O to Iroatun, O.. ander trackage rights.
Oeneral Results.— The figures show an Increase of gross earn
Ings of $ 48. 31, or i -82 p. o an Increase In operating expenses and
taxes of $406,192, or 8-33 p. c, and a decrease in net earnings of
A
33,639,^87
Total llablUtlea
Includes the dividend pa*d
12,29'- .000
350 349
983,987
4 18.065
3,268.784
33,806,136
848,^.^9
2,677,398
32,489,899
by the Oln Indi-nap. & Western Rj.
&
capital ntock. ail of which Is owned by the C. fl
D namely
In year i902-"3, $ 26,79-*, and in year 1903-< 4. $ 67,32 i. These
dividends, it wlU be noticed, also appear amoug the diaburaements for
ihejear. V. 79, p. 1641, 1461.
uvon
Ita
\
,
iStc
,
,
1
,
$3lH,060, or 12-58
p. c.
The tons of freight carried one mile decreased 5 12 p. c, whlla tho
earulQtCS therefrom inoretsel 0-lS p. o. The rate earnet per ton mile
was 0-71 cents, an looreaie of 04 oeats. The frel^nt trat a mileage
Increased 4-85 p o. and the earnings per fre'ghc tran oiUe deoreaidd
from 2*09 J4 to 1-99/2, or 4-48 p. o. Thj average tralo-ioad of
revenue-earning freight was 280 21 tons, as against 309-71 tons in
previous year, re-<ulcing rr ^m rUe weather conllcioas and tha ojngestlon occasioned from the same caa*-^ wUh all ilaes In this seaclin
The cost of oondnctlng transportation has Increased as follows :
Increased cost of ooai, $123,719; Increased rental for trackage
between Deans and Ironton, O, over Oerolt Southern Ry. and
between Deuatar t»nd B >ody, Iil., over Waoa h BR. $i2. .76; r->
malnder due ohii lly to the severe winter and wanhoats retarding
trafBu and inoreosing expenses of mainten-kuoe and train service
Maintknance The year's expenditure far "maiu'eaanre of way
I
and Btruotu es" was $ 7s, 319, a decrease of $ti,302. The cost of "ma1,501,321 ft. of timber
terial In place" lucinites the following Items:
in bridges, etc.; 11,374 car-loads of ballast; 5,51;^ oar-loads of earth,
liillug trestien, etc; 18 i,10-i orot'stia-) In traokK; 2,702 gross tons new
The cost of
70-lb. Hteel rails In track; 817 lineal ft. of culvert pipe.
"maintenance of tqalpment" Inoreaaed $153, ^7"). Failure to receive
the usual fall rains atfeoied the quality of water nsed fur our euKlnes
and In ooneequenoe caused heavy repairs. These coadltlous were
followed by one of the most severe wluters in twenty years, largely
increaaing repairs to engines
CONBTaaoTioi* AMU iMi'aovEMBNT ACCOONT.- The "cost of road"
waa Increased during the year 4»404,101. ot which $2 '>3,370 was upon
the O. H. <k D Ry. and ti.-iO, '31. xxjon leased and proprietary lines
covered chiefly by the following expendltarec: Maaonry and steel In
place of wooden bridges, $91, 2u6; net Increase of sidetracks 110,329
ft., coating $190,773; remainder rarlona new atatlon faoUlUea.
—
Minneapolis
&
St.
Lonis Railroad.
("Report for the fiscal year ending June SO. 1904. J
President Edwin Hiwley, under date of Ojt. 4, says in sub8'ancH
Oenebal Results.- As compared with the previous year, the gross
earning)* deornawed $414,907, or 12-71 p. c, and the net oarnings decreased $'9u,3i2, or 14 '47 p. c. The regniar semi annual dlvMetdsof
2>« p.
OQ boih classes of stock were i>ald in the first half of the fldcal
vear; bur, owing to the dlsaopolntiog results from operations f r the
la<t six m'>ii'h-, h>> semiannual divldead on the preferred only was
:
paid for that period.
The deoreaKO In tratisp rtatlon receipts resuled In the major part
from the efleots of ba-l crops for two fuccesaive years. luadtltlon,
there was tt.e loss of trafflo lo and from th-> Iowa and Southwestern
territory of the Chicago Ror-k ItUnd & Paoitlc Ry., which, previous to
ftHoneapuUs and St.
the completion of that line from Albert l.«a t
Paul, wa<4 delivered to this oompuny for trains pur tatlon to points north
Aioert Lett.
f
In OJns- qiience of the decrease of 1-78 p. o In the average rate per
ton per mile, 5- .9 p. c. In the verage distance carried per ton and the
lose of 9 38 p. 0. in ton« oirrled. ihrre was » reduolou of $34H 462, or
15 57 p. c. In receipts from freight trallic. Ui fortunately, the lose in
tonnage consisted principally of coujmoditles from which a high rate
of transportation Is received.
Operatino Expbnseb.— rb^re was a decrease in operatint; expenses
ot $^i(<,^7->, or 11 45 P.O. Had it not been for adoitional exiienaea
entailed by ihe severe winter. In coojanotlon with an increase to wages
and In the cost of fuei and other m.>teriais, a still greater reduction
would ucidoubtedly have a -croed as a result of exiensive improveInC'Urted in the
luenta made to the property In ha past eigh' years
expenses of m*lDteurtnce of way and structures Is the coot of relaying
8*1 < miles of ir<ok with new 80-ib. ateel rails, the balduring the tear
Ustiiig of 39-J6 miles of track the buHolngof 2*70 miles of side tracks
and the fliUog of ',3i8 lineal feet of tresiilnif.
The coat for malnceoanoe of equipment wa^ BUb'<(antlally the same
as last year, the average being: Perlooomjtlve, $L.547, against $i, 472
in 1903; per paKuenger-traln car, $625, ag»tnBt $565; per freight-trAlB
o*r, $13, against $44.
>
>
;i
{
Oct.
IMPBOVEMENTS, ADDITIONS, ETC.— The work Of changlii); the line
and reduoinx the gradients between Hophlns and Ohaeba, Minn., oommenoed Id 1902 was completed during the year. The terminal faoUltles at Albert Lea were greatly Improved, and yonr company la now
BOle owner of all terminals there which it formerly owned Jointly with
the Rock Island. The work of iDcreafllng the yard and warehouse
facilities at Fort Dodge will probably b^ completed by Jan. 1,1905.
The expenfllturee for betterments and art dltlons, charged to capital
account, amounted to $83,1 14, v!z.: Ballasting, $28,t)7fS; ties, rails
and fastenings. $31,136; baildlnge, $17,708; station yards, $3,169;
the purchase of the Des Moines & Fort Dodge Rv.,
which owns inly a small quantity of equipment, the management has
placed an order for BOO box oars of 30 tons capacity each.
PcHCHASB - On March 1, 1904, your company purchaced control of
the Des Moines & Fort Dodge By., with 1?6 miles of main and side
tracks, thus securing direct entrance into D^s Moines, as well as valuable terminal property there and in Fort Dodge. The road will be surrendered to yonr company upon the expiration of the lease to the
Rock Island on Jan. 1. 1905.
^ ^
Bonds.—The funded debt was Increased by additional first and re
funding mortgage 4 p. o bonds, now held In the treasury, amounting
to $899,000, of which $642,000 was Issued for the purohaee of the con
trolling Interest of the Dee Moines <fe Fort Dolge Ry. Co., against deposit with the trostee of said mortgage of $2,530,000 par value common stock of eald company, and $257,000 was issued to reimburse
your company for the cash expended for additions aud Improvements,
for terminal property acquired at Albert Lea, and for the reoonntructlon of the road between Hopkins and Chaska. The increase in the
floating debt is due principally to the loans made In connection wich
the purchase of stock referred to and to meet expenditures for reoonatrnction of the above mentioned portion of the road.
There was sold late in thsi fiscal year $282,000 first consolidated
bonds and $°iO,000 face value first and refunding bonds, and the pro
oeeds real zed therefrom will be applied on account of the payment of
the floating debt shown in the balauoe sheet.
OCTLOOK.— While the prospects for business for the ensuing year are
somewhat pror>lematlcal at this writing, the present conditions indi
cate that there will be mere wheat harvested In the section of country
served by these lines than last year. The oats crop shows an improvement over last year's crop, and the corn crop also is likely to be better.
The farmers are receiving higher prices for their prodaots, and this
Should stimulate the general business of the whole Northwest.
1953
Western Marjland Railroad.
CBalanee Sheet May SI, 190i,J
annnal report, we understand, will be issued. An official statement made public In August last (V. 79, p, 782)
described the status of Ihe company and its construction
work, and gave the results for the year ending June 30,
1904, precisely as reported at the recent annnal meeting.
No
The balance sheet
,
Varions facts from tables in the report aro given below,
CONDITION OF TRACKS (INCLTTDING 9^ 8BCOND TRACK) AND BSIDOB8.
,-Metal Bridg'son-^ Wooiien Timber
Rails (miles).
BrW^es. Trestles.
^Olb. Mib. fOlb.Var, Maso-rrti. Piling.
224 34 270 14 5.091ft. I,2l7ft. 2i.'^ft. 4i, 870ft.
1
224 36 277 14 6,046ft. 1,217ft. 297ft. 46.2.' 8ft.
1
.
JuneSO. 9)W.7Hb.
98
90
Track baUaited June 80, 1904. 422 milep; to be ballasted, 200 miles.
1904. ...
1903....
Locomotives, 79; passenger cars, 67; freight cars, 2,914.
The comparative etatemeats of earnings, etc., compiled for
the Chboniclb are as follows:
of
May
31, 1904, follows:
BALANCE SHEET MAT
'of
,
:
THE CHRONICLE.
29, 1904.]
By reason
1
.
.
Atsets—
CoBt of property.
31, 1904.
LiabiHties—
%
x44,»7fi,30»
1,832,834
Securities in treaBury..
Mercantile Trust Co. (cash
construction fund)
Wf stTn Md
Kun
1,423,610
.
Cumberland
1,178,14:1
const ructl.'n
Equip develop, and better2.058,918
ment accjuntB
,
Discount on bonds
185,aio
18t,09l
808,406
CasH
Material and supplies
Due from agts. and conduc's.
Due from foreign roads
—
Due from
*<3,498
247,72a
Individ'Is and cos..
Sundry ace lunts oollecllble.
Coupon and voucher accts...
Awaiting adjustment
Current accts. propriet'y
Income account
'.9,8'8
108,600
8,900
31.24.'5
52,*i88
cos.
Bond
.
scrip
2,876
103,764
Sundry station loans
replacement
fund
Unpaid vouchers and pay-
Bqaipment
6,476
890,773
2,E88
rolls
Unpaid rentals
Accrued interest,
and taxes
Due connecting
rentals
80P,C99
38,000
3,0*0
lines
UnpHld coupons
Unadjusted accounts
249
Construction loans
Current accounts proprietary cos
500,000
1.396,733
y 7c 5,590
Total assets
Total liabilities
56,844.238
56,844,238
eludes cost of entire outstanding capital stoc'i of West Virginia Central
Pittsburgh Ry. Co., except 136 shares, wnlch were purchased subsequent to
X
A
15,6*"5.400
Preferred stock
324,000
Kirst mtge. bonds (4 p. e )
.28,081,000
General lien and convertible
4 p c. bonds
10,000,000
.
3,500.000
Tidewater BR.
construction
Cherry
(
ComiEOn stock
I"^
May
v\. 1904.
y This amount shows the balance of the lnc^me account of the Western
Maryland RR. Co. alone, without including therein the income accounts of the
West Virginia Central & t'lttsburgh Ky. .Co. and its proprietary companies
abOTe named. The combined surplus of income of th^se companies* above
fixed charges
amounted as of May
31, 1904, to $4,7j4,635.— V. 79, p. 12t}7, 1024.
New York Snsqaehanna & Western
Railroad.
f Report for the fiscal year ending June SO, 1904).
President F. D. Underwood says in substance:
Oemkral Rkbdlts.—The decrease of -87 p. o. In groBS earnings and
the Increase of ^-49 p. o. In operating expenses was largely dne to the
interrnption of trhfflo by washouts and the severe weather, requiring
an nnnenal expenditure to kt^ep the line open and make repairs.
Thenetearnlngs were $1,109,8 '2, a decrease of il03,970, or 8-67
P.O. The property has been fully maintained; 1,591 tons of new 80ponnd 8te»»l rail and 63,814 cropsttes were placed In the track.
Financial —The company earned Its fixed charges, has expended
from tnoome $'26,462 for additions and Improvements and has carried
a balance of $216,786 to the credit of profit and loss. Oost of road and
equlpnaenl" ehows a decrease of $152,>'97, representlrg bonds redeemed ihronga sinking funds, less certain charges for construction.
"D«-po6its with trustees of sinking funds" Increased $114,297, and
the amount will be need In the redemption of bonds In the future. The
bonded debt has been reduced $62,000. The current aseets exceed
the current liabilities by $887,911.
The results for three years have been as follows
EABNINGS AND EXPBN8E8.
'
OPEBATION8.
1903-04.
1901 02.
1903-03.
1900 01.
642
6i2
642
633
Ave. miles operated.
857,937
Passen. car'd. No... 1.073,012
939,038
1,044,585
Passen. car'd mile 41. €44,090 43,320.032 41.434,831 34,859,713
2-070 ots.
Rate per pass. pr. mile 1-940 cts. 2-034 ets.
2 0I9ots.
1.76fi,287
1,6^4,541
Rev. fr^ht car., tons.
1,836,894
1,940,766
do. do., 1 mile.tonB.154,315.035 179,607,497 204,516,108 210,799,911
1-235 cts.
1-145 cts.
Rate per ton pr mile. 1-207 cts.
1 239 ots.
$0-96
$100
Earn. p'r pas8.tr mile
$108
$113
$3-16
$2-94
$3-31
Earn, p'rfrt. tr. mile
$302
Gross earn, per mile
$4,425
$5,074
$5,509
$5,141
243-98
255*77
288*74
Revenue train load. 24i-57
BABNINOB. EXPENSES, OHAROEB, ETC.
Earnings from—
$
$
9
1003 04.
1902 03. 1901 03.
Passengers
825.830
901,939
876,486
Freight
Mall, express
and miscel...
Total
190001.
703,826
1,878,058 2,224,?)21 2,526.76i 2,413,134
146,677
139,012
158.544
137,691
.
Total
Net earnings
310,756
470,328
303,834
804.533
952,275 1.009,834
183.227
128,973
111.210
119.275
656,060
278,728
915,615
121.971
122,346
694,754
807.046
841,353
105,531
107,933
1,801,302 2,027,942 2,094,726 1,956,617
1,049,263 1,237,530 1,446,120 l,818,8b7
275,248
185.036
188,807
217,415
Otherincome
Total
1.324,511 1.454,946 1,631.156 1,507,694
Deduct—
Rentals
66,046
66,050
47,451
56,711
Int. paid during the year...
931,447
886,980
886,980
897.220
Miscellaneous
38,942
Dlvs onpref. stock
(5)200,000 (6)200,000 (5)200,000 (5)200,000
DlvB. on oon,mon stock. (2>fl) 160,000 (5)300,000 (5)300,000 (4)240.000
Total
Balance
1.376.434 1.443,030 1.434.431 1,393.931
def.61.923 Br.11,816 sr.196,725 Br.113.762
BALANCE SHEET JDNE
1904.
A§teli—
80.
1903.
32 ,846,085
31,034,285
S0,07;<,626
common
6,000,000
4,000,COO
6.000,000
4,000,000
18,480,000
14",034
218,738
67,782
96,453
350,000
6,000,(KjO
Stock,
8t( ck, preferied
Bonds (pee Railwat & IND. 8fc.).19,37P,C00
Audited voutherK
78,067
Accrued Inteiesi on bonds
208,706
Taxes, not doe
68,890
Audited pay rolls
9?,79l
Hills payable
1,400,OUO
holllDg etnk replacement Tnnd ..
196,1/9
Appropriation for improvements.
176,724
Miecellar eons accounts
31,278
iLcome account
1,2V9,510
Total liabilities ...
V. 79, p. 1704, 1483,
.»
32.846,086
ie6,fi87
4,000,000
2,626,554
56,472
2,644.868
39,059
2,659,789
Total earnings
9
2,079,054
401,868
63,956
74,089
Earnings-Railroad
Earnings— Other operations
2,683,026
2,583.927
Expenses—
way and
Malnt. of
structures
847,260
231,443
867,784
11,936
60.126
49,911
209,415
231,360
829,^(3)
Total expenses
Ratio or expenses to earnings
Net earnings— Railroad
Net earnings— AH operations
Interest and dividends
1,384,842
84,403
1,399,890
67,966
1,549,978
Expenses— RaUroad
Expenses— Other operations
0,499
50,328
258,679
241,131
80C,744
2P,980
66,355
1,458,460
91,617
Matntenanoeof equipment...
Oonduoting transportation
Traffic department
General expenses
Taxes
1,469,245
1,467,''55
(56-81)
13,77.')
(
.'
(54-76)
(58-27)
1,127.240
1,109,812
49,903
1.241,714
1,213."82
33,967
1,144,979
1,116.078
1,169,716
1,247,739
1,148,696
841,216
7P,250
26,462
844.905
75,087
22,083
848,724
75.884
Additions and Improvements
Total charges
Surplus
942.928
216,787
942,075
805,664
927,335
221,360
Total net income
Charges—
Interest on bonds
Sinking fond rentals
A miso
CONDENSED BALANCE SHEET JUNE
1904.
»
$
A»»et»—
N.Y.SumqAW.RR.
.7,127,889 37,165,385
Secarities pledged
under mririgaKes 1,158,396
Capital stock oubsidlary comp'les.. 3,560,000
Securities forlMldland RK. stock
and bonds
MhIct'Ih
vV
$
Rt
IP 03.
I
2f ,ooa,oro 26,000,000
dei.t (pee
Ry. & IND. Sec) le.eo'^.ooo 16,058,000
* b'nds called. 643,307
643.307
Equipment
509,8 tF>
108,4 53
106,073
8«,004
Go's... 1.02M.418
Rupplles
&
Bimdei
2,727
St'h
B69,N46
130,2;U
183,513
trusts.
Wiik. funds accr'd.
Interext & rentals
accrued, r ot due.
Int
,
e7,886
63,001
rentals, etc...
Pay
rolls
773.878
And vouch & aof ts
Due connect lines.
Due subsidiary cos.
65,8^"
218,130
Res.
f
69,l;4-
and
U.S. (iOT.,iieeDtB&
conductors, Ac.
Indlvlds.
1,273,8»'<
54S,.'?0e
ID hand
in trHnsit.
(ash
1004.
HabilUitsStdCk (see
In I). Sec)
3,560,000
54."',306
Mlici. securities..
3^622
SO.
1903.
Sinking funds..
To'al assets
Liabilideg—
1901-02.
$
2,116,828
410,782
98,944
2,58.'i,701
PiBsenger
1903.
$
$
Road and equipment
29,438,020 28,624,167 28.146.400
Investments
87.000
195,000
93.000
Companlts aid individuals
80,269
99,193
202,923
Agents and oonduotors
lfil,621
100,026
U. 8. P. O. Depurtmt nt
19.68'J
21,932
19,685
Company's bonds In treasury
833,000
2,009,000
1,442,000
Materials and supplies
224,303
280,206
311,540
307,96193,344
638,410
V"*''^
Loans and bills and miscellaneous.
•286,769
102,701
147,601
$
1902-03.
$
2,009,674
454,986
1 21 .04
Mail, express, rents, etc
2,850,565 3,265,472 3,540.840 3,275.504
Eipentet—
Maintenance of way, etc...
Maint f eqnli-ment
Conducting transi Citation.
General
Taxes
1903-04.
Earnings—
Freight
Hrotlt
undH. m«lnt.
and
loss...
.
17,^*71,000
18.'',757
1H8,59B
71,186
99,822
132, lv8
194,650
217,927
19,837
1,281,433
1,269,517
31,034,286
30,072,629
60,47:i
Total.
-V,
..44,462.806 44,347,473
Total
44,462,bB5 44.34 ,478
79, p. 164?,
United States Steel Corporation.
(Earnings for the (Quarter and the Nine Months ending
aeptentbar SO,
The follcwing
190/,
J
ficaccial statement cf the Corporation and
its tubsidiuries for the quarter endiog September 80 was
given out on Tuesday after the regular monthly meeting of
the directors.
The "net earnings" as here shown "were
J
.
THE CHRONICLE.
IDll
arrived at after dedactiog each month the coat of ordinary
repaire, renewals and maintenance of plants and interest on
apbonds and fixed charges of fabeidiary companies."
pend the repnlts for the nine months ending June 30 in 1904,
1903 and 1902 :
Net parnlng*
$18,778,932
Deduct —
Sluklue funda on bond* of RabsldlaryoompaDles. 8417,883
DfpreolatlOD and reBerve fnn'ls
3,800,817
iDtercHt on U. B. Steel Corpoiatlon bonds tor
the qaarter
5,925,325
SlDklDR fundft on U. 8. Steel Corporation bonds
for the quarter
1,012,500
11,156,025
We
Balance
Dividend for the qaarter on preferred stock (1\
$7,617,907
6,304,919
p. o.)
Surplus for the quarter
$1,312,988
September 80, 1904
3,027,486 tons
June 30th, 1904
3,192.277 tons
March 3l8t, 1904
4,136,961 tons
December 31, 1903
3,216,123 tons
March 31, 1903.
5,410,719 tons
December 31, 1902
5,347,2.^3 tons
November 1, 1901
2,831,892 tons
NET EARNIMOB FBOH OPEBATIOM8 FOB NINE MONTHS ENDING SEPT. 30.
1904.
$2,868,213
4,540,673
6,036,346
1903.
$7,4/5,775
7,730 361
9,912,571
1902.
$9,901,016
7,678.583
10,135,858
$18,445,232
$6,863,933
6,370,374
$25,068,707
$10,905,204
12,744 324
12,992,780
$12,320,766
13,120.930
12,220,36^
September
$19,490,725
$6,344,771
6,202,957
6,226,204
$36,642,808
$12,384,647
10,918,174
9,120,134
$37,662,058
$12,041,914
12,97^.729
11,930,846
Third quarter
Total nine months
$18,773,932
$61,709,890
$32,422,955
$94,133,970
$36,945,489
$101,323,004
March
First quarter
April
May
6,256,'.18
June
Second quarter
July
AUffQSt
1903.
1904.
Total net earnings (see Introductory remarks)
$51,709,890
1902.
$94,133,970
$101,323,004
$1,212,548
$467,540
10,589,596
13,448,475
2,785,000
10,306,565
11,400,000
2.280,000
$28,035,619
$66,098,351
$24,454,105
$76,868,899
Deduct—
For BiDklng
funds (bonds
SDbBldlary companies)
$1,114,150
Depreciation and reserve
funds (seeabove)
8,655,783
Int. U 8. Steel Corpor'n bds. 17,595.443
Sinking fund do
do
3,037,500
Total deductions
$30,402,826
Balance
$21,307,064
Dividends (nine months)—
Preferred
OoDCimon
(d»4
per cent)
18.914.758
23,921.913
26,790,406
(2ia)12,707,562 (3)15,249,665
Total dividends
$18,914,758 $36,629,475
$42,040,071
Undivided earns, for 9 mos. $2,392,806 $29,468,876
$34,828,828
Chairman E.
Gary sayf "Oar orders for steel prodncts
are coming in now at the rate of about 26,000 tons a day,
which is an increase of practically 3(i% p. c. as compared
with the bookings in Oct. a year ago."— V. 79, p. 1481, 1283.
H
fReport for the fiscal year ending Sept. 30,
The earnings for the fiscal year ending Sept. 30,
shown in the Chronicle of last week on page
balance sheet of Sept. 30 follows:
BALANCE SHEET SEPT.
Atseti—
t
Plant, trade marks,
Rood- will, etc.... 3,052.5IS
$
8.013,171
166,771
Surplus earniues.b 1,429,310
5,260
621,801
bills receiv.
Interest accr'd on
bonds owned
Net
.
1904,
1720.
1P04.
Liatni'Us—
$
Preferred stock
6.900.000
stock.
4,6 0.000
First inert. b()nd8.a3,637.000
Interest, accrued
56.613
inauraace reserve 12j,810
Common
.
...
avail, assets at
branches
1904..
394,985
351,238
Rent due from N.
were
The
30.
1U03.
50,817
Cash 4
Colombia
Ry Co
140,890
474,327
Puget Sound RR. Co
Ai
Set
earningt.
$
i
3,880,038 3,887,328
Steamship Oo
llnenPaciflo roa«t
laxei.
Coal department
Lnmber, grain, rentals and miscel
Taxes and general ....."
1,280,712
127,603
Total
*
492,709
93,503
324,944
915.445
46,787
210,383
3»i5,266
92,176
61,482 df.61.4tl
3.'>,242
5.902,973 4,717,944 1.185,029
INCOME ACCOUNT— ALL OOMPANIBS.
190304.
1902-03.
1901-02.
1900-01.
5,90-?,978
6,606,753
4,894,775
5,074.207
8,985,516
•
8,137,548
3,986,676
1,185.029
45,432
1,211,978
44,378
1,088,691
41,114
1,150,870
52.849
Total net income.. 1,230,461
1,256,356
1,129,805
1,203,719
222,300
222.300
200,000
25,928
16,376
222,300
200.000
20,643
19.163
(5)76,2"0
(5)76,250
(5)200,000 (4)160.0"0
(5)350,000 (4)280,000
(1)160.000
(4)280,000
Gross earnings
Oper. expens.
<fe
taxes.4,717,944
Netearnlngs
discount
& misc..
Deduct —
Interest on bonds
222,300
Depreciation fond
9.343
"Exhaastlon fund"....
19.454
Dividend on Ist pref. (5)76.260
do
on 2d pref (5)200,000
do
on common (5) 35' ,000
18,118
21,504
Iraprov't. equip., etc..
(5)76.2,'^0
980,854
978,356
148,951
225,363
CONDBNBED BALANCE SHEET J17NE 30— ALL COMPANIES.
877,347
353,114
Total
Balance, surplus
888,169
368,187
1904.
1903.
1902.
Asset*—
Property (including stocks and
bonds of proprietary companies). 17 ,993,018 16,478,106 16 613,568
Bonds and stock In treasury
389,200
389 200
391,200
< ash (incl. dep. with trustee)
392,366 l,5'iO,720
,056,303
Coal and lumber aeents
428,290
294,293
299,999
Companies and Indlvldaals
44,101
59.059
139.252
18A,928
San Francisco office
215,189
80.074
Materials and supplies
317,234
177,886
180.878
Mlso»-llaneous aoooonts
22.177
5,842
24,315
Depreciation and renewal fond
264,720
485,002
Total acsets
Liabilities
19,788,241 19,421,025 19,306,489
—
and
Ind. Section). ..12,525,000 12,525.000 12,-^25,000
First mortgage bonds
4,446,000 4,446,000 4,446.000
Accounts payable
9,952
37,898
64,180
Stock (see Kr.
Unpaid vouchers
Unpaid pay-rolls
Interest on bonds
148,818
152,970
18,525
17,723
136.563
19,623
137,411
109.828
18.525
18.443
264,720
16,410
84,443
116,142
18.525
1S,022
485,001
18,138
599,38^
1,710,677
482,6^8
1.364, 1°>3
393,682
1,142,351
raxes accrued
<fe "exhaustion" fund"..
Miscellaneous
Surplus fond of proprietary companies depos'd with Pao. Ooast Oo.
88. Imp'v'ts
Profit
and
loss
19,785,24119,421,025 19,306,489
Total liabilities
1706.
— V. 79, p.
GENERAL INVESTMENT NEWS.
:
Standard Mllllngr Company.
1984.
Department—
$26,71!i,4.'i7
INCOME ACCOUNT.
and
ear-ningi.
K«U
04,
Exntnsei
Orois
Int.,
CHFILLBD ORDBES ON HAND.
January
February
EABHINOS AMD EXPSM8ES FOR YBAK 1903
Pacillc Ooast
LXXIX
fVCL.
Loans
Surplus earnings
account
1,317,181
1903.
$
6,PO'>.000
4.6 O.OiiO
3,4(>2,OO0
70.16
5~,«2:'
30,000
587,475
RAILROADS. INCLUDING STREET ROADS.
Atchioon Topek.1 & Santu Fe Ry.— Directors Re elected—
Merger of tiubsidtariea Approved, At the annual meeting
on Thursday no change was mide or sought in the personnel
of the board of directors, the Union Paoitio interests which,
it is understood, recently acquired
a minority holding in
—
the stock (V. 79, p. 1381) apparently not caring to secure
representation at this time. The proposition to purchase
several subpidiary lines, etc., was duly approved (V. 79, p.
1022).—V. 79, p. 1839, 1331.
Ball8tOD(N.f.) Terminal (Electric) RE..—Receiverahip.—
At Saratoga, N. Y., on Thursday, Justice Spencer, in the Supreme Court, Special Term, appointed Walter P. Butler of
Saratoga referee, with orders to sell the property, applying
the proceeds to the liens in the following order:
Adirondack Trust Oo. of Saratoga Springs. $11,000; first mortgage
(trustee.
Metropolitan Trust Co. of
New
York), $25o,0O0;
general
mortgage (trustee, Oltizens' Savings & TruBt Co. of Cleveland), $100,000.— V. 78, p. 701,
Insurance fund... a3H",2IO
Sundry debtors....
81,961
Baugor & Aroostook RR.— Sale of Stock A considerable
Secur. coverod by
Mock of the 11,560,000 capital stock has been sold by Lee,
Ist mort. bonds. c 5.599,000 5,599,000
136.t00
Sinking fund
90,000
Higginson
Co The name of the purchaser is not made
pnbilc, but leading oflBcials of the company are quoted as
Total
16,634,004 16,687,1-64
Total
16.534,004 15,687,864
a Authorized issue, $6,250,000; held in trea'*nry to provide ad'll- denying that the sale involves a change In control or mantlonitl worhU'fir capital, iii5o0,000; to take up outstanding H J. J. M.
agement. -V. 79, p 1704,211.
Oo. and N W. C. M. Oo. bonds, $2,213,000; balance outstanding
Bath & Uammondtiport BB.— Foreclosure of Second Mort$3,537,000.
b Daluth Superior Milling Oo, $47,702; Worthwestern Consolidated gage. The Central Trust Co., as trustee, has brougbt suit to
MUilnjr Oo., $084,077; proportion of surplus earnings of Hecker
foreclose the second mortgage for $200,000, wi'h a view no
Jonef-Jewell-MUltngCo., $19^,461.
c Oapltal Btoch— DnluihSuperlor Milling Co., $250,000} accrued doubt to obtaining clear title for the Erie RR. Co which purNo receiver has been apInterest to Aug. 31. 1904, V833; 5 p. o. debenture bondn Northwestern chased control s )me months ago.
OoDsolldated Milling Co., $200,000; £lllcott Warehousing Oo. stock, plied for,— V. 77, p, 1224.
$4,000.
Boston & Providence Electric Ry.— Contract for Cond Deposited with Metropolitan Trust Co.— 5 p. c. debenture bonds.
Northwestern OonfOUdated Milling Uo., $275,000; cash. i6l'2;<,210.
struction.— The "Iron Age" says
e HfOker Jones-Jewell Ist M. 6s, $l,0.'i2,000 (out of $2,.'sO0,Of0),
James F. Shaw & Co Boston, Mass., have been awarded the entire
$i,W 3.2t0 of the $3,000,000 preferrfd stock and $1,^86.600 of the
building and equipping anew electtio line connecting
$2.00U.OOO common Htock; also $l,l 4.^,750 of the $1,2^0,000 common rouiraot for Providence, the
contract price being aboat $j,00u 000.
Boston aud
stock and $hi)8.0U0 of the $1,000,000 preferred stock of Northwestern
About 32 miles of new tracks will be laid. The contract includes large
Consolidated Milling Oo.
power stations.— V. 75, p, 497.
See also V. 77, p. 1252. -V. 79, p. 1720.
Co.
Buffalo Creek RR.— Bonds O^ered.— Spencer Trask
are offering for sale by advertisement on another page a
Paciflc Coast Company.
block of the consolidated mortgage 5 p. c gold bonds due
('Report for fiscal year ending June 30, 1904. J
Jan. 1, 1941; authorized issue ifl, 000,000; ontsrandtng $845,The text from the annual report will be cited fully another 000. The interest on the company's funded debt and 7 p c.
week,
dividends upon the capital stock are guaranteed j intly
Statiatica.— The earnings and expenee?, income account under terms of lease by the Erie RR. and the Lehigh Valley
and balance sheet have been as follows:
RR. A circular says :
*V.
Consol
Investmunts
T.SOl
c 464,-83
9,000
454,000
357,o23
—
&
—
,
:
,
&
—
1
Oct.
THE CHRONICLE
29, 1904.
The company, Incorporated in 1868, operates a terminal and belt
city of Buftalo.
It
line road located entirely within the limits of the
oonneots -with every railroad entering the city, and affords the only
thr.-efonrth8 of that portion of th**
acoees by rail to approximately
harbor devoted to ihrouffh lahe and rail traffic. The company owns a
Irontageot abouta.sOO feet upon the lake, through which it has excavated a ship canal 1,800 feet in length. It also owns a double-track
bridge over the BufTalo Elver, and a single-track swing-bridge over
the canal. The earnings from all traffic are not reported separately,
but the lessees state that the road yields a sarplas above Interest
charges and guaranteed dividends.
Bnffalo Rochester & Pittsburgh Bj.—New StockOption - The sbareholders will vote on Nov. 31 in New York,
and on Nov. 28 at Ridgway, Penn., on issuing $8,000,000
additional capital etock to provide for completing the Indiana
branch and for other capital requirements. When the increase has been authorized, It is the intention of the board
"to
offer this stock for subscription to the shareholders in
be necessary on account of capital ex28 says
As stated in the report for the year ending June 30th, 1904, the cost
of the Indiana Branch has exceeded by $436,715 the proceeds of
$2,000,000 of common stock Issued to pay for It. (V. 79, page 685).
Farther payments made during the three months ending Sent. 80th
such amounts as
penditures."
may
A circular dated Oct.
:
have Increased this excess to $498,664. In order to provide for this
outlay and also for other capital requirements, the Directors recommend a further increase of the common capital stock by an amount of
$3,000,000.— V. 79,
p.
1704, 684.
Chicago Great Western Ry.— Listed.— The New York Stock
Exchange has listed |6,500,000 additional common stock,
making the total amount listed to date $36,424,600. This
additional stock ia part of a block of |12,800.000 which the
company contracted to give in exchange for a like amount of
new stock of the Mason City & Fort Dodge RR. Co., the
latter
having recently increased
Its
authorized share capital
from $b 0,000 (all owned by the Chicago Great Western)
F. D. owns 378 miles of road,
to $2O,0iiO,0Q0. The M. C.
only 92 miles of which is mortgaged, the bonded debt being
Industrial
only $1,380,000. See page 1820 of Railway
Section issued today.— V. 79, p. 1843, 1326.
&
1955
was Inaugurated,
estimated, having been handled from 7 p. M, till midnight. The road in operation extends from the City Hall to 145th St. and Broadway, a distance of about nine miles. Local trains of five cars each are
run during the day at 3 minute Intervals, maklrg twenty-six
stops on the way, while express trains of eight cars each,
are despatched in the rush hours every four or five minutes,
stopping between 96th St. and the City Hall only at 14th,
42d and 72d streets.
As to further extensions, Mr. Alexander E. Orr, Chairman
of the Rapid Transit Commission, said :
It Is expected that in a very few weeks the Eastern Division will be
ready for operation as far as the station at Lenox Ave. and 14.'ith St.
It is too early yet to estimate when the subway will be completed to
its northern terminal points, ali hough the Commission is sa'lsfled the
Rapid Transit Subway Construction Co. are doing all in their power,
in the face of very adverse olroumstanoes, towards this neslrable end.
I may also add that we fully expect the portion of the Brooklyn Division situated between the City Hall Park and the South Ferry will
be ready for operation some time during the coming summer.
Compare map in Railway and Industrial Section.—
carried, but at 7 p. m. the regular service
about
127,()00
passengers,
It
Is
79, p. 1462, 1331.
LonisTille & Nashville RR.-CaHed Bonds— In last
week's issue, on page viii of our advertising columns, will be
found the numbers of $55,000 Evansville Henderson & Nashville Division bonds which are called for payment at 110 and
interest on Dae. 1.
New Bonds for South & North Alabama BR.— See that
company below.— V, 79, p. 1471, 1462, 1457.
Muskogee (Ind. Ter.) Traction Co.— Construction.- H. M.
Byllesby & Co. of Chicago, who are constructing the gas
plant at Muskogee, I. T. (V. 78, p. 992), have been retained as
engineers to design and construct this company's railway,
with an approximate trackage of 4'7 miles.
New York Central & Hudson River RR.— Lis fed. —The
New York Stock Exchange has listed $4,642,000 additional
Chicago St. Paal Minneapolis & Omaha Uj.— Purchase 2}4 p. c. bonds of 1997, making the total listed to date $75,Ratified.— The stockholders at their annual meeting this 409,000, and has authorized the listing, when issued, of further
week ratified the purchase of the Chippewa Valley & North- amounts up to a total of $77,000,000. jThis last amount reprewestern and the Eau Claire Chippewa Falls & Northeastern sents bonds Issued or to be Issued for the following purposes:
$621,977
$61,078,857 Bonds due
Ry., both subsidiary companies. Compare p. 1777 of Rail- Bonds canceled.
2.988,378
968,609
Prem'm
way AND Industrial Section issued to-day.~V. 78, p. 1448. General In ref'g above ll,3e2,179 Other purposes
purposes
Chicago Terminal Transfer RR.— Listed.—The New York
Grand total
$75,409,414
$77,000,000
Total of above
S'ock Exchange has listed |400,000 additional 4 p. c. bonds of
Since August, 1903, $5,343,000 of the bonds have been
1947, making the total listed to date $15,135,000.— V. 79, p.
1641, 1023.
Issued for "general purposes."— V. 79, p. 1642, 1458.
rioclnn&ti Indianapolis & Western Rj.— Dividends.—
New York & Jersey RR.— Damages.— See Lackawanna
The report of the Cincinnati Hamilton & Dayton in its in- Tunnel RR. above. -V. 79, p. 1332, 681.
come account (see p. 1962 of to-day's Chronicle) shows that
New \ork Ontario & Western Ry.— DeaZ.- All the interthe Cincinnati Indianapolis & Western Railway Co. has paid ested parties preserve the utmost reticence regarding the redividends on its capital stock (all owned by the C. H. & D ) cently pending sale or lease of the road to the New York
to the following amounts, viz.: in the year 1902-03, $126,799; New Haven & Hartford. It is Impossible, therefore, to conIn 190304, $167,328.-V. 78, p. 2011.
firm the story that the New Haven Company has actually in
Cincinnali New Orleans & Texas Pacific Ry.—Sepori.— its treasury "a bare majority of the stock, purchased at $45
The results for the fiscal year ending June 30 were
a share, ex-dividend of $3."— V. 79, p. 1705, 1462.
Gross
Net
Other
Dedue- Dividend Balance,
Northern Securities Co. — Offer to English Holders.-Pteai'
Tear.
earnings, earning*, income.
lions.
on pref. surplus.
1903 4. $6,768,744 $1,597,421 $.S3,2M $1,266,318 $100,000 $Z74,3i4 dent J. J. Hill has personally offered to the English regis1902-3. 6.155,454 1,506,015 63,508 1,106,333 108,833 354,852 tered holders of 2,000 shares or less of the company's stock
Deductions as above In 1903-4 include 181,225 for perma- to advance through Baring Brothers & Co. prior to Oct. 31
nent improvements and new and additional tracks. Divi- $2 26 per share on account of the dividends delayed by penddends In 1902 03 are for 13 months, the preferred stock ing litigation.
having been issued Jane 1, 1902,—V. 79, p. 626.
The advances will be without Interest and will be repayable whenever the O' mpany shall distribute the surplus earnings accrued on the
Cleveland Paine8Tille& Ashtabula Electric Ry.—C/iirge« shares of the Northern Paolflc Ry. Co. and of the Great Northern By.
Withdrawn.— The receiver, who was appointed last week un- Co. or when it may distribute to the holders of Itslown stock the railder charges of over-capitalization and mismanagement pre- way shares.- V. 79, p. 734. 628.
fer! ed by Jethro Ot, Mitchell of Toledo, was discharged on
Northwestern Elevated RB., Chicagfo.— iJcporf.—The reOct, 25 on request of the plaintiff, who found, it is said, that sults for the year ending June 30 were
he could not make out a case.— V. 78, p. 702.
Charges,
Bal., sur.
Tear,
Gross.
Net.
$955,599
$20.^,264
$1,724,929
$1,158,863
Delaware Lackawanna & Western RH.— Tunnel \Under 1903-04
1902-03
941,605
183,410
1,642,456
1,126,015
North, River Proposed.-See Lackawanna Tunnel RR balow. ;-V. 79, p. 1332.
—V. 78, p. 2334.
Oregon Short Line RR.— Participating Bonds to be Called.
Eastern Ohio Traction Co.— Assessment.— A majority of
The necessary ninety days' notice will be given on Nov. 1
the stockholders have agreed to an assessment of $15 a share, of the call for redemption at lOiJ-^ and interest, on Feb. 1,
and the others are being persuaded to participate, with a view 1905, of the entire issue of Four per cent and Participating
to purchasing the greater part of the floating debt and thus bonds of 1902. On June 30, 1904, there were outstanding
facilitating recrganization.
A very considerable sum ia also $82,491,000 of these bonds, of which $36,500,000 were held by
desired for improvements and extensions, the latter including the public and $45,991,000 by the Union Pacific RR. Co. Of
a 16mile liae projected from Qarrettsville to :the terminus of the latter's holdings $13,800,000 are denoslted as security for
the Chagrin Falls Branch to Warren, there connecting with $10,000,000 U. P. 5 p. c. notes of 1903 (V. 77, p. 148).
the Mahoning Valley Traction Co. for Youngstown. No reThis action, we are advised. Is taken simply to avoid the
organization plan baa as yet been adopted.— V. 78, p. 768.
payment at some future time to the holders of the ParticlFort Wajre & Sonthwestern Traction Co.— Soid.- Re paiing bonds of a large sum on account of the accumulated
ceiver 8. L Nelson has been discharered, the property having dividends upon the Northeru Securities stock ($8*J,491, 000)
been bought ontright by the Fort Wayne & Lehigh Valley pledged as collateral. These dividends have been accumulatTraction Co,, which assumes the $1,000,000 5 p. c. bonds of ing since February last, owing to the order of the Court.
July, 1932. The pnrchaser now controls the entire traction V. 79, p. 1705.
and lighting interests of Fort Wayne.- V. 79, p. 500, 151.
Pere Marqnette RR.— Called Bond.?.— Marquette equipFort Wayne & Wabash Yalley Traction Co.— Acquisition. ment bonds for $104, OCO were payable Oct. 1, at par (ex-inter—See F rt Wayne & Southwestern Traction Co. above.— V. est due that day), at office of Charles Merriam, 60 State St.,
Boston.— V. 79, p. 1842, 968.
79, p. 800, 151.
Pittsburgh Terminal KB. & Coal Co.— Wabafh in Control.
Indianapolis & Tineennes RB.—ilferfirer.— See Terre Haute
—The following directors and officers have been elected
& Indianapolis RR. below.— V. 70, p. 739.
Director*; George J. Gou'rt, Kdwln Gould, E. T. Jefffry (President
Interborongh Rapid Transit Co., New York City.— Mne Denver
RBm^ey Jr J. W. Patterson. Colonel
Rio Grande),
Miles of ITie Knad in Operation.— The subway electric roai W. D. HoiildHy, J. T. JoRei>h all (Jonid men; and CbHries DonWHlhh.
was formally opened on Got. 27. Appropriate exercises in nelly, F. F. Nicola, T. N. Barnfdall, William Fllnn and W. G.Kookof
the City Hall were followed by the running of thf* first train th«< old owners.
onionrs
Joseph Ramsey Jr., Frecldent; J. W. PatteiBon, Vloeat 2 p. M. with Mayor McClellan as motorman.
During the Preoident; H. B. Benson. Treasurer; W. O. Rook, Assistant Trrasnrer
afternoon only invited guests and persons having passes were and Secretary: W. H. Ho lllday. Trafllo Manager.— V. 79, p. 1024.
&
:
:
—
:
.fe
,
:
—
—
TllK
JD5G
Public Serrlce Corporation of
CHRONICLK
New Jenej.—Notes.—
Th-i tlirt-ctors have aathorized an laaae of $7,250,000 of 5 p. c.
5 year collateral truHt notes, Tbe notes will be dated Njv. 1,
1901, and mature Nov. 1, 1939,bat are subject to cill for payment on any interest date, at comp iny's opti)i:, on sixty
days' notice, at 102J^ and interest; deuomlnation, $1,00J; inFidelity Trust Co Newterest periods May 1 and Nov. 1
-tert Wmtbrop
ark, N. .J., traatees.
J.
W. Seligman Cj. and Lte, Hi^jginson
Co. have purchased the
iesae and are offering them for sile at 98 and Interest. The
proceeds from the sale will provide for the cash reqi'rements of tbe company for maturing obligations, extensions
and improvementa until 1906. The notes are secured by
|n,600,(j03of bonds of subsidiary companies. —V. 78, p. 2335.
&
&
Ratl^nd RR.
d
;
R
&
,
,
&
New
Directors.— At the annual maeting on
Ojt. 27 Robert Treat Paine 2d and E. F. Qebhardt, hoth of
Boston, were elected directors to succeed George
H *11 and
S. R. Callaway, both recently deceased. The annual report
was in V. 79, p. 1701.
St. Lonls & San Francisco RR.— A^ofes Ca/Zed— The company has called for payment at par on Nov. 1 at the North
American Trust Co., New York City, the $700,000 6 p. c.
gold notes of Deo. 1, 1903, which were taken by the subscribers to the i^ p. c. notes of 1903 having New Orleans
extension securities as collateral. The 6 p. c. notes are secured by deposit of 11,000,000 of tbe authorized issue (|9,160,000) of said 43^ p. c. rotes. Compare V. 77, p. 2281.
Report.— See pages 1951 and 1966 to 1971 of to-day's Chron'
icle,— V. 79, p. 1021, 968.
St. Louis Tandalia & Terre Haute RR.— Merger —See
Ttrre Haute & Iidianapolia RR, below.— V. 79, p. 1207.
South & North Al .b .ma RR.-Nw Bonds.— This snbsld
iary of the Louisville & Nashville RR. Co. has called a meeting of the shareholders for Nov. 26 to authorize a new mortgage to secure $2,000,000 bonds. See Louisville & Nashville
bonded debt in Railway and Industrial Section.
South Side Elevated RR., Chicago. -Sowis Offered.— U.
W. Halsey & Co., New York and Chicago, are offrtiing at
103 and interest a round block of the outstanding |3, 000,000
first mortgage 4J^9.— V. 79, p. 1643 1462.
Terre Haute it Indianapolis RR.— Consolidation.—The
stookholdera of the St. Louis Vandalia & Torre H+ute RR.
Co. will vote Dic, 17 on a merger with the Terre Hiute &
Indianapolis, the Terre Haute & Logansport and the Indim-
H
apolis
&
Vincennes roads.
Judge Baker
at iLdianapolis,
on Oct,
ceiver to surrender the property on Nov.
25,
1.
ordered tbe
re-
—V, 78, p. 2336.
Haute & Logansport Ry.— Merc/cr.— See Terre
RR. above.—V. li, p. 985.
Terre Haute & Peoria RR.—Payment of Coupons,— The
receiver has been ordered to pay in full the coupons due
Mar, 1 and Sept. 1, 1904, on all the outstanding bands, but
Terre
Hiute
&
—
V
Indianapolis
[Vol. lxxix.
partly (bat not to excee 1 50 p. c. of their deposit of Consolidated Tobacco Co. 4 p. c. bonds) in the G p. c. cumu'a'lve preferred stock of The American Tobacco Co. at par.
Tha plan of consolidation containing the terms of exchange
In full for both stock and bonds and various other particulars of Importance was given in the Chkovicle of S-ipt. 17
on p. 1024. (Compare also th*^ Railway A Indcst hal
Srction issued to-day, p. 1888.) Bjih series of n?w Donds are
issued under one Indenture executed by The American
Tobacco Co. to theMjrton Trust Co., as trustee. DjQomlnations: Coupon bonds, $1,000 and $5,000; registered bonds,
$50, |100, |5C0, $1,000, I'i.OOO, |10,000, |50,000 and |100,000.
See further particulars In our advertising columas.
Trust Indenture, The trust indenture male under date of
Oct. 2), 1904, to the Morton Trust Co., as trustee, for the
benefit of the two series of new bonds contains in brief the
following provisions
In order to seoare the payment of the principal and interest of both
series of bonds, rhe American Company hereby imposes a charge (tn
favor of the trastee) upon all Us property and present and future net
income for the benefit, first, of the 6 p. o bonds, and, second, of the 4
p. c. bonds, and covenants that It will never mortgage Us property or
create any speolHo charge upon Us earnings wlttioat confirming the
ohargr« aforesaid as prior claims, in the order named, upon Us properly
and net Income.
rhe amount of bonds which may be certified ander this Indenture Is
limited absolutely to $56,100,000 6 p. o. bonda and $78,689,100 4 p.
c. bonds.
Coupon bonds may be registered as to principal or principal and Interest; full registered bonds may be exchanged for oonpon
—
:
bonds.
In case of default In the payment of Interest on any bond or bonds
for 90 days, then upon the written reqaest of the holders of 25 p. o. in
amount eltherof the 8 p. o. bonds or or the 4 p. o. bonds, th« trustee, by
notice In writing, shall declare th-) priaolpal of all the bonis of both
series to be due and payable Immediately. And In nny such case, or
In case of default as regards any other ovenantfor a period of 93
days affer written notice, the trustee may proceed to enforce the
rights of the bondholders as deemed most effeooaal, and In such ease
shall be entitled to the appointment or arecelV'^r. Th*) holders of 75
p. 0. of each class of bonis acting in concert sha'I have th3 right to
control themethid of all such proceedings, including the appointment
of a receiver. The trustees shall be entitled to recover julgment for
the whole amou it dae and uapald on the bonds. The 6 p. o. bonds
shall be entitled to payment in full of principal and laterest, with Interest at 6 p. c. on overdue Interest; and thereafter the 4 p. c bonds
shall be entitled to their principal and Interest, with interest at 4 p. o.
on overdue Interest A maj 'rlty in amount of the bondholders of
either class shall have the right to modify the rights of the holders of
the bonds of said class as against the company or any property subject
to this indenture.
The Indenture made June 15, 1931. by the Consolidate! Tobacco Oo.
has been modified by the assent of the holders of a majority in amount
of the bonds by written instruments, dated Sept. 9, 1904, fi ed with
the Morton Tru^t Celt being Intended that the 4 p. o. bonds issued
hereunder ratably with the 4 p. o. bonds of the Oonsolld*ced Tobioco
Co. shall a? against all assets passing to the American Co. from the
Consolidated Oo. be entitled to all of tbe rights procured by an indenture of June 15, 1901, as modified by said written Instrnmeats if the
same are not otherwise by this ind suture expressly seoared.
Appeal.— 3 aiiaa B Ikelheimer and other complainants
faavo filed an appeal to the Court of Errors and Appeals from
Vice-Chancellor Pitney'd decision in refusing an injunction
against the mi-Tj^er of the tobacco companies, but this will
not delay the consummation of the merger.
without Interest on interest. See Terre Hiute& IndianapoSale of Japanese Interests.— A cable dispatch from Tokio
lis RR. above.— V. 79, p. 905,
on Sept. 28 said
The Japanese Government has finally decided to take over the
Toledo St. Louis & WesternRR.—12epori.—The results for
Oriental Printing Oo. at Kyoto and other additional assets of the
the year ending June 3 J wpre:
American ToOacoo Co., thus increasing by nearly l.OJO.OOO yen
Orost.
Tear.
Net.
Olh. income. Charges
Bal., sur
($500,000) the compensation to be made to the company t>)r its inter1903 04.. ..93,341,648
$915,474
$4,9t>8
$69t>,499
$223,943 ests absorbed by the Government monopoly created last March.—
1902-03... 3 111,369
854,382
9,256
692,000
171,638 70. p 1703.
—V. 78, p. 230.
Bergoer & Eagel Brewiag Co., Philadelphia.- Be8«?npUnion Pticlflc RR.— lo Pay Participating Notes.— See
The directors have declared a semition of Div.aends.
Oregon Short Line RR above.— V. 79, p. 1707, 17 J5, 1699.
annual dividend of 4 p. c on the $1,650,000 8 p. c. cumulative
Wabash RR.— Listed.—The New York Stock Exchange has preferred stock, payable Njv. 21 to holders ot record O.;:. 28.
listed $299,000 additional first lien 4 p. c. terminal mortgage
Dividends were discontinued in Nov., 1899. Tha flj^ting
bonds of 1954, making the total listed to date $l,715,0J0.
debt is said to have been reduced to a very small amount.
V. 79, p. 1714, 1699, 1638.
V. 77, p, 1876.
iViete Director.— At tbe annual
Western Maryland
Bash Terminal Co.— Consolidation,— The stockholders will
meeting on O^t. 29 A. H, Calef [Srjcretary and Treasurer of
vote Nov. 17 on a proposition to purchase the property of the
the Missouri Pacific Ry. Co.] was elected a director to
Bash Company, L mited. The latter is the original plant,
succeed General John M. Hood, who resigned after thirty
which will now be acquired and consolidated into the Bash
years' connection with tbe road. The board now includes:
Wlnslow 8. Pierce, H. O. DemlDg. John W. Gates, Edwin Gould, Terminal Co. (see map on page 1891 of our Railway & InA. H Calef Lawrence Greer, George J. Goald. H. B. Hent'on, W. H. dustrial Section). The purcha-e price fjr the Bash Co.,
Molntyre, Tames H. Hyde, all of New Yark; Joseph Batnsey Jr. of St. Ltd., property is |3,50),000 in Bush Terminal Co. securities,
:
—
RR—
.
Louis, and
8.
Davles Wartleld and F.
8.
Landstreet of Baltimore.
Balance Sheet.- See page 1933.— V. 79, p, 1267, 1024.
West Jersey & Seashore RR.— Sale of Bonis,—The com-
&
pany has sold to Brown Bros.
Co, $1,000,000 first consols,
series C, being the entire issue of said series.
The share
holders will meet Nov, 11 to fix the rate of interest on these
additional bonds.— V. 79, p. 1463, 209.
INDUSTRIAL, GAS AND MISCELLANEOUS.
[The] \merioan Tobacco Co.— Vail for Deposit.— la accordance with the merger agreement of Sept. 9, the new
American Tobacco Co. invites the shareholders of the
prp«ent American, Continental and Consolidated tobacco
companies to convert ttieir stock into the common stock, preferred stock and obligations of the new company upon the
terms arranged, through deposits of their holdings with the
Murton Trus'. Co.
The company also
offers to the holders of the outstanding
gold bonds of Consolidated Tobacco Co. to acqiire
th'ir bonds in exchange, at par, for the 4 p. c. gold bonds of
4
I),
c.
Th'i American Tobacco Co. maturing Aig. 1, 1931, with interest accruing from Aug. 1, 1904,
This offer will remain
open until the close of business Jan. 81. 1905. Bondholders
who make their deposits on or before Djc. 10, 1904, may, at
their option, take in exchange bonds of The American
Tobacco Co. as above described, or partly such bonds ani
vi7,.: $',5)0,000 in consol. bonds; $1,500,000 in preferred stock;
1500,000 in common stock.
The stockholders will be asked to authorize the issue of
|1,5'JO,000 5 per cent non-oumulatlve preferred stock for the
purpose of the acquisition and also to authorize a mortgage
to secure $10,000,000 consolidated 6 p. c. bonds due 1955
but redeemable after 1915 at the option of the company. Of
these bonds, |1,500 000 will be paid on account of the aforesaid purchase
$4,041,000 will remain in the treasury for
future use; and the rest ($4,159,000) will bu reserved to retire
the existing indebtedness, viz., the Bash Terminal first mortg ige bonds, $8,459,000 a f300,000 mortgage on the Bush Go.
property, and a $700,000 real estate mortgage. The latter
;
;
covers nine blocks between 2d and 3d avenues and 28th and
37 th streets, Brooklyn, outsiie the present property, which
it is proposed to improve with factories and other buildings,
and to connect with the docks and wharves of the Bush Terminal Co. by the terminal railroad. Daring the current
fiscal year it is thought that some $^00,000 of the new bonds
may be issued for the construction of a cold-storage warehouse, factory buildings, working capital, etc.
Fire, -Pier No. 7, one of the largest in the city, with a
great quantity of cotton, hemp and sugar, was seriously injured by fire early yesterday, -^V. 79, p. 1643,
Consolidated Tobacco Co.— Exchange of Stock and Bonds,
—See American Tobacco Co. above.— V. 79, p. 1706, 1613.
A
Oct.
—
:
,
;
THE CHRONICLE.
29, 1904.]
Contlnentttl Tobacco Co.— Exchange of Stock.— See American Tobacco Co. above.— V. 79, p. 1025.
Crucible Steel Co. of America.— iVewj Bonds Authorized.—
At the annual meeting last week, the new bend issue for
17 000 000 was unanimously author'zerl, although some effort
was made to reduce the amount to $6.000,000. -V. 79, p. 1706,
1703.
Knickerbccfeer Steamboat Co., New York.- Receivership.
L. Joyce was appointed receiver tor
the company by Justice Amend of the Supreme Court in tbe
suit of Alexander S. Aronson, a creditor on an assigned claim
of Thomas Dennin for |168.
The company owned ihe exouralon steamboat General Slooam,
which was bnrned In ihe East River last summer with a loss of about
~ On Thursday Henry
but decided not to
common
1957
make a distribution this November on tbe
common shares received in 1900 8 p. 0.
stock. The
in 1901-02, 4 p. c per
annum;
in
1903, 5 p.
c, and tbis year
three quarterly dividends of 1 p. c. each. President Hoflfstot
Ip quoted as saying that the depression in the car building
tusinees has recently been somewhat relieved, but that It is
impossible to determine whether the improvement is more
than temporary.— V. 78, p. 2388.
Topeka Water Co.- City Council Votes Not to Purchase.
(See 'Top. ka," p. 1978, "State and City Department."— V.
—
78, p. 1786.
United States Realty & Improvement Co.— New Directcra.
8. Palmer and Cortland Betts were recently added
The officers and directors are now
to the board of directors.
1 000 lives. Damage snltp aggregating several hundred thousaBd dolas shown on page 1902 of the Railway and Industrial Secaccident. The company, which still owns the
lars resnUed from this
steamer Grand Republic, has $250,C0n capital stock, but, It Is stated, tion issued to-day.— V. 79, p. 1481, 1384.
has never paid a dividend. President, Frank A. Barnaby. Oflloe, 149
United States Shipbailding Co.—Sa.'e.— At Newark, N. J.,
Broadway, N. Y City.
on Oct. 24, Receiver Smith sold at auction various book acLackawanna Steel Co.— iVet« Freszdenf.— E. A. S. Clark, ocunte, contracts, good will, etc., belonging to the company
General Manager of the International Harvester Co. and for- to the Sheldon reorganization committee for the uppet price,
merly connected with the Illinois Steel Co. in the same capac- #50,000. At Wilmington, Del,, on Oct. 25, the Harlan &
ity, was on Thursday elected President in place of Wwlter Hollingworth plant and pfrsonal property were bid in at the
Scranton, who resigned in December last, Vice-President upset prices, v z, 1550,000 and |135,CO0, respectively. The
Moses Taylor having meantime been acting President.
capital stocks of the subsidiary companies which were ofCperah'ons.- Four of the open-hearth furnaces are in oper
fered for sale In one block were not sold, Mr, Sheldon's bid
at ion and the rfmaining two furnaces will be started in a few
of $200,000 being thought insufficient. The sale was deferred
The new slabbing mill commenced operations about till Oct. 27 and then till Oct. 31.— V. 79, p. 1334, 969,
days.
Get. 16 and the Universal plate mill will be opened on MonTIrginla-Carolina Chemical Co.— Balance Sheet of Sept. 15,
day next. The manufacture of strdctural iron and steel
—The balance sheet of Sept. 15, including the Southern Cotplates, etc., was begun in Aug., 1904.— V. 78, p. 771.
ton Oil Co. as of Aug. 31, gives the current assets and liabiliLoniSTllle Tobacco Warehouse QiO.— 'Dividend Increased, lies as follows
dividend of 10 p. c.
—The company has declared an annual
CUBBENT A88KTB AND LIABILrTIES SEPT. 15, 1904.
on its $1,OrO,G0O common stock (contrasting with 6 p. c. paid
Liabilities—
Assets—
Z
t
last year); also the regular semi-annual dividend of 4 p. c. on
the $8oO,f 00 preferred stock, both payable Nov. 4 to holders
of record Nov, 1. The company has eight warehouses and
"ample capacity for selling over 1,000 hogsheads daily at
auction."— V. 71, p. 1070; V. 77, p. 801.
— Stephen
Cash
2,000,7
Bills and acconnts receivable,
less bills discounted and re-
serve
8,928,363
Accounts payable
1.258,703
BUS ) Vir. Car. Chemical Co.. 1,514,150
pay- > Southern Cotton Oil Co.2, 432.500
abla. ) Other subsidiary cos.
48<},607
.
.
The inventory has been increaged |8U4,818 during the quarter in preparation for the
demand
(a large
majoriry of
year's orders) which comes during the six months ending
Mexican National Construction Co.— Distribution.—
payment of $3 per ehare upon the |700,000of 7 p. c. preferred June 30.
Of the 17,000,000 collateral trust bondp, $500,000 have been
stock and also 8 p. c. upon the dividend scrip will be paid
deposited with the trustee for cancellation bonds of subNov. 1 upon presentation of the certificates and the scrip.
;
was reduced
in June, 1901 (following the sale of
V. 72, p 1083), from $8.the holdings In Ihe Mexican National
CCO.OOO (of which $7,000,000 was preferred) to $800,000 by reduction of the par value of the shares from $100 to $10. Theoomoany
now owns 89 miles of railroad lii Mtxloo, viz., Zaoateoas to Ojocalleuie,
30 miles, and Maczanlllo to Colima, 59 miles. It has no debts or obligations. The present dlstrlbatlon is made from surplus assets.
The
capital stock
RR
;
sidiary companies outstanding, $151,000.— V. 79, p, 686, 632.
Westchester Lighting Co. Property Again Acquired.
New York & Westchester Lighting Co. above.— V. 79,
See
—
p.
1720, 1026,
Westlcghonse Electric & Mannfacturing Co.— New Issue
of Dtbentures.- Fr^a'.dent Westinghouse announces that in
view of the 'arge increase in business which will follow the
introduction of the single-phase system in the operation of
steam and interurban railways, the continued growth in the
volume of sales of other sti^ndard lines of electrical apparatus, and the desirability of providing working capital for
such largely increased business, there has been created by
the board of directors in lieu of a further increase of fixed
capitalization, an issue of $15,000,000 of 5 p. c. 20-year deben$2.'iO,000 bonds pledged to secure notes aggregating, it is said, $130,tures, which can be retired at 105 at the company's option
000. Warren T. Rawson of Philadelphia, Secretary and Treasurer, adfrom the sale of investment securities or earnings. Tbis
mits the truth of the bill of complaint. See V. 77. p. 40.
New York & Westchester Lighting Co.— Property Retrans new issue was authorized in accordance with the recommen/erred.— This company, having acquired by deed the West- dations of a committee consisting of Bray ton Ives, George
chester Lighting Co,, made, as stated last week, two bond Westinghouse and George C. Smith, which was appointed
pursuant to a resolution of the board adopted at its meeting
issues, one consisting of |10,000,000 general mortgage bonds,
with interest graded, and the other comprising $2,500,0^0 of on Aug, 24, 1901, to consider and report upon a comprehensive plan covering the requirements of the company for a
5 p. c. debentures, both issues being guaranteed as to princlperiod of years.
?al aLd Interest by the Consolidated Gas Co. of New Yoik
The report of the committee follows:
'he property was then re-transferred to the Westchester
The large and continuous growthof your company's business, Its
Lighting Co., which now holds the same.
prospective increase, and the moderate amount of its share capital,
Interest on the general mortgage [gold] bonds is payable now $i5, 000.000, all issued, compared witu Its fixed and working
a'<eets of over $50,000,000, and the Importance of having in reserve
as below, there being no coupon due Jan. 1, 1905
the necessary means of providing capital for the protection and exDate.
P, O.
Da'e.
P. 0.
Date,
P. O.
P. 0. tension of the company's business, have been carefully considered by
Date.
The company is a Colorado corporation. William J. Palmer Is
President, and Walter Hiochman, Vice-President, Secretary and
Treasurer, 11 Broadway, New York.— V. 72, p. 1083.
Nassau County ttas Co., Hempstead, L. I.— Receivership.—
Judge Edward B. Thomas of the United States District
Court on Thursday appointed George G. Ramsdell receiver for
the company on application made by the E, D. Smith Co. of
Philadelphia, a creditor to the amount of $1,255
The capital stock Is $2^0,000 ($225,000 outstanding) and there are
.
:
I
I
I
July 1905... i4ljan. 1908. ...»«! July 1910.. .1
1»«
Jan. lOl.'?
Jan. 1906... 14 July 1908.... Sg Jan, 1911 ..1
1%
lJulyl9i3
...Sg July 1911 ..II4 Jan. 1914
1^4
Jan. 1909.
Jan. 1907....1S July 1909....% Jan. 1912 ..714 July 1924
2
July 1907....J« Jan. 1910....% July 1913 ..lig Thereafter 2 8.-A.
From July 1, 1914, the rate Is 2 p. 0. semiannually until maturity.—
|
1
July 1906.... »fl
I
I
I
I
I
I
|
V. 79, p. 1706, ;03.
Oklahoma Gas & Electric Co.— A''eu> Oncers.— In the reorganization of the management, which took place on Got. 20,
the following directors (and oflBcers) were elected:
O. B. Ames. Oklahoma City. President; H. M. Byllesby, Chicago
Vice PrcHldent; D. r. Flynn, OklahomaOlty. Secretary; A K Grimes,
Guthrie. Treasurer; Rufus O. Dawes, Chicago; Samuel Insnll, Chicago;
H. M. Newton, Sparta, Wis.
R. J. Graf, Chicago, was appointed Assistant Secretary
and Treasurer. H. M. Byllesby
Co. were retained as engineers for the property.
New M)rf( age,— A new mortgage has been authorized t J
secure $l,000,0UO bondp.of which $300,000 hvd presumably reserved to provide for a like amount of first 53 due March 1,
1922, but pu^ject to call at 105 on any interest day.— See V.
&
76, p. 1043.
your committee.
It is in our Judgment a wise and conservative measure to provide
this additional capital in the form of an Issue of debentures which can
be retired rather than by.a permanent increase of capital stock. Such
debentures to be disposed of at the iscretlon of the board at such
times and In such amounts not exceedtn;; a reasonable aggregate as
will meet best the company's capital requirementc
We acoo'dlngly submit herewith a t irm of debenture agreement,
prepart^d by counsel, securing an issue of debenture certlHcatfls of a
total authorized Issue of f 18,000,000, and maturing in twenty years,
bearing Interest at 5 p. c. per annum and redeemable on call at 105
and accrued Interest, and respectfully, recommend Its adoption for
the reasons above set forth.
President Westinghouse further states that there has been
no consideration of the retirement of the preferred stock or
of the outstanding debentures, or any of the other details
mentioned in reports from Pittsburgh.— V. 79, p. 1026, 632.
<
- Graham & Co., Philadelphia, own and offer a list of Investment bonds, many of them tax free in Pennsylvania, to
net from 3'40 to 5'50 per cent. The advertisement Is on page
xil.
—Messrs. H. C. Spiller & Co. have moved to larger offices
Gas light & Coke Co., Chicago.— ilfa<urtn(7 on the third floor tf the Brp.zer Building, 27 State Street,
£ono«.— The |2,100,000 first nortgage 6 p. c. bonds and Boston. As in the past, they will continue to make a speccoupons maturing Nov. 1, 1904. will be paid upon prefentti- iality of Inactive bonds.
tion either at the office of the Central Trust Co New York,
— Attention is called to tbe advertlBement or Klnnlcutt &
or the SwiEs Bankvereln, 43 Lothbury, London. E. C, EngPotter offering $500,000 Continental Coal Co. first mortgage
land.— V. 79, p, 155.
five per cent gold bondp.
The bonds are j^naranteed by the
Pressed Steel Car Co.— November Dividend Omitted on Hocking Valley and the Toledo & Ohio Central railways.
Common Stock.— The directors on Wednesday declared the The earnings of the Coal Company are stated to be four times
ueual quarterly dividend of 1^ p. c on the preferred shares, the fixed charges. See particulars in advertisement.
People's
,
:
THE CHRONICLE.
1958
[Vol. Liiix.
and ^ocxxmtnU.
jejrorts
GREAT NORTHERN RAILWAY COMPANY.
FIFTEENTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
To the
1904.
advanced in anticipation of the issuance of those
StocJch oldera
The President and Directors submit the following report
for the year ended June 80, 1904.
FIXANCIAL.
Capital Stock.
There has been no increase in the authorized share capital
of the Great Northern Ry. Company during the 5'ear, and
same remains
80,
at $135,000,000 00.
Of the capital authorized ihere had been Issued
June 30. 1903 (pARe 5, last year's report)
There have been Issued during the year
25 sbartiS, amounting to
to
-
$123,996,750 00
2,500 00
completInK previous transactions;
1,300 shares, amounting to
have been transferred to the Great Northern Em1p
130,000 00
to the
sum
securities,
of $25,745,053 22, or $745,053 3i in ex-
from such issue. In addition to that
amount the Company had advanced at the same date to
other companies and for the construction of additional milecess of the proceeds
age $4,501,203 96, There has been paid out duri g the three
years from July 1. 1901, for additional equipment for the
Great Northern Ry. Co. the sum of $8,241,431 .53. There has
been expended on capital account by proprietary companies
during the past three years the following amounts, as shown
in the reports
named:
Page 8 of report for year ended June 30, 1902
Page 7 of leport for year ended June 30, 1903
For year ended June 30, 1904, ae below
$3,882,972 55
3,762.880 37
2,366,354 20
$10,012.207 12
Total
ployees' Inve»tmentCo ,Llrnlted,|underthe contract
referred to on page 7 of Report for the vear ended
June 30. 1900. To June 30. 1904, the Investment
Co. had subscribed and paid for 6,900 shares
($690,000) under the contract mentioned.
Total outstanding June 30, 1904
amounted
Making the
$124,129,250 00
There were held in the Treasury of the Company June 30,
5,607k shares of Great Northern stock, not used in acquiring 4,486 shares of Manitoba stock anl 3, 00 shares of
Great Northern stock to be issued only to the Employees' Investment Co. as subscribed for.
There has been no change during the year in the amount
of Capital Stock of any of the proprietary companies. Pending the completion of the lines now being built by the Dakota & Great Northern, Montana & Great Northern and
Washington & Great Northern railway companies, and the
1904,
1
closing of their construction accounts, the stocks of those
companies have not been issued, but this Company has advanced the necessary funds for construction, and is carrying such amounts as advanced to apply on payment for
stock. Reference is made later on to the amount of these
total amount paid out substantially within three
years for securities, additional mileage and equipment and
additions to the property of proprietary companies $48,499,894 83, or $23,499,894 83 in excess of the proceeds from the
last stock issue.
In addition to that amount the Company
has expended during the three years in additions and improvements to the prop'-rty leased from the St Paul Minneapolis & Manitoba Ry. Co. the sum of $5,114,130 88 out of appropriations aggregating $7,000,000 00 made from its Revenue
Account.
GENERA.L.
Expenditures were made during the year on the capital
accounts of Proprietary Companies, for work computed or
under construction, as follows:
Eastern Railway Company of Minnesota
Montana Central Railway Co
Wilmar & Sioux Falls RailwavCo
Duluth Watertown & Paoltlc Railway Co
Seattle & Montana Railroad Co
Park Rapids Leech Lake Railway Co
Minneapolis Union Railway Co
Minneapolis Western Railway Co
$424,149 25
24.292 90
86,554 59
2.195 55
1,859,062 51
1,065 87
11,476 60
6,142 73
(credit)
<fe
_
advances.
Bonded Debt.
There has been a decrease of §542,000 during the year in
the bonded debt of the St. Paul Minneapolis & Manitoba
Railway Company, outstanding in the hands of the public,
as will be seen by reference to the table on page 1961, made
up
as follows:
Consolidated Mortgage
41^ Pee Crnt Bonds redeemed
and canceled by the Trustee through the operation of the
SlnlilnRFund
$542 000
Less bonds issued—
In exchange for St. Paul Minneapolis & Manitoba Railway Company's Second Mortgage
Bonds, surrendered and canceled
$198,000
In exchange for St. Paul Minneapolis & Manitoba Ra Iway Company's Dakota Extension
Mortgage Bonds, surrendered and canceled
105,000
Total Issued
303,000
Net reduction In Consolidated Mortgage 4>fl per cent
Bonds
$239,000
Second Mortgage 6 Per Cent Bonds, canceled as above. 198,000
Dakota Extension Mortgage 6 Per Cent Bonds, canceled as above
105,000
Total reduction in
St.
Paul Minneapolis
$2,366,354 20
Total
& Manitoba
Bail
way Company's Bonded Debt
$542,000
There has been no change during the year in the bonded
debt of any of the proprietary companies.
During the year $37,000 Northern Pacific-Great Northern,
Joint C. B. & Q. collateral 4 per cent Bonds and $200 Bond
Scrip have been issued in payment for 136 shares of C. B. &
Q. R.R. Co.'s stock, making the total amount of these bonds
and scrip outstanding June 30, 1904, $215,207,200. The Chicago Burlington & Qaincy Railway Company has collected
the dividends on the 1.076,036 shares of C. B. & Q. R.R.
As shown
in
Revenue Account there has been appropriated
out of the net revenue for the year
!i:2,00),000 for
the
"Fund
Permanent Improvements and Renewals;" and there was
charged against that fund $1,432,252 94. the cost of improvements (other than those charged to operation) made during
the year to property leased from the St. Paul Minneapolis &
Manitoba Railway Company.
Tne decision of the United States Supreme Court handed
down March 14 last, in the case of the United States vs. The
Northern Securities Company and Others, r-stramed the
Great Northern Railway Co Tip iny from paying any dividends on shares of its stock held and owned by the Northern Securities Company. The amount of the dividend payable May 1, 1904, on shares so owned, remaining unpaid
June 30, $2,067,173 50, has been deposited in a special and
separate account and is shown on the balance sheet presented herein, page 1962, as a*separate item, and is not included with the Company's current assets. The amount of
>»uoh unpaid dividend is also shown on the balance sheet as
for
a separate item of
liability.
The Great Northern Steamship Company's steamship
"Minnesota," which was launched at New London, Conn.,
April 16, 1903 has been completed, and, after taking on a
cargo, sailed on September 14 from Philadelphia, Pa., on her
voyage to San Francisco and Seattle. Upon lier arrival at
the latter port she will be at once placed in the Oriental
Her trial trip showed very gratifying results. Her
trade.
sister ship, the "Dakota," was launched February 6, 1904,
and should be completed and ready for regular service next
winter.
The Board respectfully calls attention of the shareholders
to the reports of the Vice-President and the Comptroller,
with the customary balance sheet and statistical tables, and
to the report of the Land Commissioner.
J. HILL, President.
stock deposited as collateral to secure these bonds, and paid
the interest on the joint bonds.
To provide funds to pay for equipment ordered and conJAMES
struction of new lines contracted for and under way, the
Company issued December 1, 1903, its collateral notes to the
amount of £1,500,000 sterling, payable December 1, 1905,
REPORT OF VICE-PRESIDENT.
and drawing interest at the rate of 5 per cent per annum,
payable semi-annually on the first day of June and Decem- James J. Hdl, President.
ber in each year. As collateral security for these notes the
Dear Sir Herewith please find report for fiscal year
Company has deposited £2,0(10,000 St. Paul Minneapolis &
ended June 30, 1904.
Manitoba Ry. Co.'s Pacific Entension Bonds.
OPERATING EXPENSES, GROSS EARNINGS, VOLUME OF
Upon comparison of the balance sheet published in thsi
TRAFFIC AND RATES.
report (page 1963) with that published in last year's report, it
will be seen that while the Capital Liabilities, including this
Table on page 1960 shows that the total Operating Expenses
issue of sterling notes, have increased $6,823,726 26, the increased over last year $517,533 88 and "Uonducting TransCapital Assets show an increase of $14,569,602 96.
portation" increased $578,357 71. This last-mentioned inNo additioual permanent capital has been obtained by the crease is due to practically three causes: Increases in wages,
Company since the issuance of $25,000,000 Capital Stock additional passenger train service and higher prices of coal.
under authority of resolutions adopted by the Board of Di- The accounts for this year show for the first time the effects
rectors Feb. 27, 1901. The amount that had been paid out by for a full year of the numerous increases in rates of wages
this Company to June 30, 1904, on account of the purchase of made in all classes of service during 1902-3.
The principal
the securities, to acquire which the said stock was issued or increase in cost of train service comes from an additional
Oct.
THE CHRONICLE.
29, 1904.]
daily transcontinentat passenger train, which increased the
cost of engine and train service, operators and station men.
The average cost per ton of coal for locomotive fuel was 17
and a fraction cents more this year than during the previous
year, amounting to $229,453 95. The quantity consumed per
engine mile run during this year was 1'53 per cent less than
last year.
,
„ ,
„
The decrease in " Maintenance of Road and Structures"
shows the benefit of work heretofore done, as the reduction
in cost is in accounts covering the repairs and renewals of
bridges, culverts, buildings, water supply, etc., to which
large charges have been made in previous years for permanent work. Charges on account of track maintenance exceed those of the previous year by $81,895 79, al chough there
has been a material reduction in the amount of improvement
work done during the year, as shown by the tables under
"Additions and Improvements," of quantities of material
moved.
Freight Earnings show a decrease of $970,933 97 and Earnings from Freight Traffic of $981,349 11, or 3-128 percent.
The number of tons of Revenue Freight carried decreased
1,903,544, or 11-7876 per cent, and the number of tons of
Revenue Freight carried one mile decreased 255,033,087, or
7 '0708 per cent.
The quantity of wheat hauled to Eastern
terminals from stations of east Minot, N. D., and north of Garretson, S. D., decreased 8,759,114 bushels, equal to 262,773
tons, and the earnings from this traffic decreased $666,920 16.
The quantity of iron ore transported decreased 1,715 499
(net) tons and the earnings $836,790 99. The earnings from
transportation of other classes of traffic decreased as follows:
Live Stock, $179,287 53; Lumber, Lath and Shingles, $166,490 73; Agricultural Implements, Machinerv, Wagons and
Carriages, Household Goods and Furniture, $680,684 05.
There were increases in the Earnings from Transportation
of Merchandise and Miscellaneous Freight. To this change
in the character of traffic handled is due the increase in the
average revenue per ton per mile, from '857 cents last year
to -893 cents this year. Numerous rate reductions were
made during the year. On Stptember 10, 1903, the rates on
Coal from Duluth, Superior and
St.
points in the State of Minnesota
Paul were reduced to
all
and
to several points in
North and South Dakota, from 10 to 50 cents per ton, the
average reduction being about 11 per cent. At the same
time Lumber rates from all Minnesota mills, including
eastern terminals, to points in ^Minnesota and portions of
North and South Dakota, were reduced from 10 to 15 per
cent, the average reduction being 12 per cent. Between
January 15 and June 10, 1904, the rates on Grain from stations on the line in Nebraska were reduced from 2 to 6
cents per hundred pounds.
June 4, 1904, special distributing tariffs were put into effect at St. Cloud, Fergus Falls, Moorhead and Crookston,
Minn,, and Fargo, Wahpeton and Grand Forks, N. D.,
which reduce rates on merchandise affected approximately
^H Psr cent.
While the tonnage hauled decreased 11*7876 per cent, the
tons hauled one mile decreased 7*0708 per cent, the mileage
of loaded freight cars 6*7002 per cent and the mileage of
freight trains 7-1996 per cent. It will be noticed tnat the
greatest decrease was in heavy traffic usually moving in full
car-loads.
The earnings
of passenger trains increased $263,851 94, or
per cent.
Of this amount $171,670 98 came from
passenger fares, $71,639 13 from transportation of mails and
$25,694 12 Irom transportation of express matter.
There
was a decrease of $5,152 29 in miscellaneous passenger train earnings.
On account of putting an additional daily trans-continental passenger train in service,
there was an increase of 727,696 miles (or 12-5458 per
cent)
ia
passenger train mileage, and on account of
the division of the business
between the additional
trains, a decrease of 13-98 cents, or 8-6483 per cent, in
the earnings per passenger train mile. It will be noted,
however, that with a passenger train mileage of 6,528,000
miles the earnings per train mile averaged $1-4767, as against
aa average of but $1-2245 per train mile in 1901, when only
4,284,900 passenger train miles were run. The increase of
1-5371 per cent, or from 2-343 cents in 1903 to 2-378 cents in
1904, in the average revenue per passenger train mile is
caused by an increase in local travel the average distance
traveled per passenger in 1904 being 74 miles as against 77
miles in 1903. This is also shown by the fact that while the
number of passengers carried increased 5-4925 per cent, the
number of passengers carried one mile increasd but 0-7231
percent. There have been no increases in passenger rates
during the year.
On account of the late opening of navigation on the Groat
Lakes tliis spring, and the consequent delay in moving
traffic, due to the strike of Lake masters and pilots, there
was a decrease of 1.085,203 gross tons in the quantity of iron
ore moved from the mines to ore docks between the beginning of the season and June 30, 1904. Since that date the
movement has beea greater than the same period last year,
and from the present outlook next year's report should .show
a further increase in the tonnage of iron ore handled. The
outlook for transportation of wheat is not so favorable.
While no accurate conclusions can be drawn until threshing
18 completed, it is probable that the next report will show a
decrease in the quantity handled. But with the high prices
for wheat now prevailing, and which will undoubtedly continue, there is no reason why the general business conditions
2-8141
;
1959
in the country served by the
good.
Company should not continue
The movement of settlers into Minnesota and North Dakota
has not been equal in volume to other years; yet there has
been a steady settlement of the vacant lands adjacent to the
Company's line. The demand for farm lands has resulted in
higher prices, and lands heretofore held by speculators are
coming under cultivation by experienced and well-to-do
farmers from the older States.
The commendable action on the part of the Government
in opening up for settlement the Devils Lake and Red Lake
Indian reservations has resulted in this land being acquired
by homemakers, who will cultivate the soil and become producers, adding to the material wealth of the State.
NEW
LINES.
Of the new lines mentioned in last year's report as being
then under construction, the following were opened for
operation during the year
July
3,
1903.— Seattle
:
& Montana
RR..
New In-shore line at Bellingham, Wash., 1-95 miles.
July 18, 1903.— Eastern Rt. of Minnesota,
Kelly Lake to Exmoor, Minn., 9-69 miles.
Nov. 23, 1903.— Dakota & Gkbat Northebn Ky.,
Granville to MohaU, N. D., 4697 miles.
Dec. 21, 1903.— Sourls to Westhope, N. D., 16-41 miles.
Branch lines, 3'95 miles in length, were built by the
Eastern Ry. Co. during the year, besides numerous short
spurs to mines, which latter are included in side-track
mileage.
The Montana Central Ry. replaced during the year the
spur to the Fair Grounds at Helena, Mont., -68 miles, removed during the year ended June 30, 1901.
Lines are now under construction as follows:
By the Minnesota & Great Northern Ry. Co., from Thief
River Falls to Greenbush, Minn., a distance of 41-1 miles.
By the Dakota & Great Northern Ry. Co., an extension of
the Granville line from Mohall, N. D., northwest, a distance of 14 miles, and an extension of the Lakota line from
Edmore to Hampden, N. D., a distance of 12 miles.
It is expected that these three lines will be completed in
time to move this year's crops.
By the Crow's Nest Southern Ry. Co., an extension from
Swinton to the Coal Creek mines at Fernie, B. C, 951 miles.
To reach the Michel mines of the same company an extension may be built later from Fernie to Michel, B, C, During
the year the Crow's Nest Southern Ry. Co. sold to the Morrissey Fernie & Michel Ry. Co. its branch line, 4-77 miles in
length, from Swinton to Morrissey, B C.
By the Washington & Great Northern Ry. Co. a line from
Curlew to Midway, Wash. about 14 miles long, opening up
a new mining camp.
By the Vancouver Victoria & Eastern Ry. & Navigation
Co., a branch line from near Grand Forks to Phoenix, B. C,
about 22 miles in length, and a branch from Grand Forks to
the Granby Smelter at that city about 5 miles long. It is
expected these two lines will be completed this fall and that
they will develop for the Company a large tonnage of copper
ore and the products thereof.
Surveys for and locations of other new lines have been
made during the year, or are now in progress, some of them
being shown upon the map published herewith.
Tracklaying on the Montana & Great Northern Ry. Co.'s
line from Columbia Falls to Rexford, Mont., referred to at
length in last year's report, was completed August 6, 1904,
and all through trains were turned over it about October 2.
The work on this line has been very heavy and has been done
in the most substantial manner.
A new division yard has
b^en built at Whitefish, Mont., and a 15-8tall engine house
with blacksmith, boiler and machine shops adjoining it, 70
feet steel turntable, 70 feet cinder pit, store house and office
and other buildings are now being completed. A standard
station is also being erected at this point.
,
EQUIPMENT.
The following equipment has been
sold or taken out rf
service during the year 3 light Great Northern locomotives,
9 Eastern Ry. of Minnesota wooden ore cars, 1 Great Northern and 1 Montana Central derrick car and 126 Seattle
Montana logging trucks.
The repnrt for last year stated that of the equipment ordered, 75 locomotives, 2,400 freight oars and 2 wrecking cars
had not been received and taken into account at the end of
the year. Of this equipment the following had been received and taken to account at the close of this year:
74 locomotives as follows,
:
&
9 ten-wheel pas'ienger looomotlves, 19 ln.x28 In. oyllnder,"*,
wolKhinif 13 1,000 pounds on drivers.
65 consolidation freVlit loooinotlves, 20 in.x32 In. cylinders,
wide firebox, wolKlitnK 180,000 pounds on drivers.
10 six wlieol awltohlHK locomotives, 19 in.x26 In. cylinders,
13.') 000 pounds on drivers.
foet, 80,000 pounds capacity, standard flat cars; 372 as
additional equipment and "zS for replacing cars out of service.
2,000 forty-feet, 80,000 pounds capacity, standard box oars for additional e(|Uliiment.
2 wrecking cars with steam cranes lifting 60 tons.
wolKliiUBf
400 forty
All of the above equipment is furnished with air-brakes
and automatic couplers.
The one remaining locomotive and the equipment ordennl
during this year, namely 6 60-feet postal oars. 10 70-feet baggage, mail and express oars and 500 40 feet, 80,000 pouQfjg
capacity, hopper-bottom box cars are yet to be delivered.
.
THE CHRONICLE.
I!)6()
There were built at the Company's shops for additional
equipment: 39 fonr-wheel caboose cars, 1 cinder car, 36
boarding cars and 1 snow car.
There was expended during the 5'ear for equipment
$3,210,767 53, of which amount $2,855,125 21 was charged to
"Equipment Account."
As e(iuipment is destroyed and taken out of service, Operating Expense is charged and "Fund for Replacement of
Equipment' is credited with tlie cost of replacement. When
equipment for replacement is purchased, the cost is charged
to the account last mentioned.
Numerous small changes in line have been made to improve the grade or to reduce curvature, some of which
require heavy
masonry retaining walls.
The widening of embankments, raising sags, sloping cuts
and ballasting is now in progress between Hinckley and
Nickerson, Minn., on the Superior Divi-ion; Deer River and
Caas Lake, Minn., on the Mesabi Division, and Larimore and
Eartlett, N. D on the Dakota Division; in all about 115
miles of track.
The replacement of woolen bridges and trestles with steel
or filling them with solid embankments has been continued
during the year, the work done being:
,
ADDITIONS AND IMPROVEMENTS.
The work on the new terminals at Seattle, Wash., has Length
been continued during the year. Of the double track tunnel under the city there
remained to be excavated
June 30, 1,435 lineal feet, and to be lined with concrete
1,760 lineal feet.
The tunnel when completed will be 5,104
feet in length.
Work
has been begun on a new brick freight depot oOx
The new joint passenger station at Seattle is
under construction and will, when finished, be one of the
best in the West, The new shops at Dale Street, St. Paul,
Minn., referred to in the last two annual reports, were completed and put into operation during October, 1903. The
yard at Kelly Lake, Minn., also referred to last year, has
been completed. An interlocking plant has been built at
Emmert, Minn., protecting the crossing of this Company's
tracks by those of the Duluth xMissabe & Northern Ry. Co.
A logging spur about 4 miles long, with tidings, has been
laid to Crooked Lake, between Nevis and Akeley, Minn., and
a spur at Anacortes, Wash., 5,698 feet long, with five industry tracks from same, laid along the water front.
The station at Adrian, Wash., has been moved east two
miles, where a new yard, containing over 12,000 lineal feet
of sidings and a new station, have been built in connection
with the Northern Pacific Ry.
In addition to the tracks above enumerated, many additional passing and industrial tracks have been laid and the
track facilities at many places increased and improved during the year. The net increase in side-track mileage during
the year, not including tracks on new lines under construction or opened for operation during the year was as follows;
1,000 feet.
[Vol. Lxxix.
of steel bridges built
on old
lines of
Great Northern Ry. 2,768
^^^^^^^
Lineal feet of bridges tilled—
Great Northern Ry. (on old lines)
Eastern Ry. of Minnesota
6 *'16
""
'iar
"..'......
Willmar* Sioux FallH Ry
Duluth Watertown & Pacltlc Ry
Montana Great Northern Ry
Seattle & Montana RR
2,250
ii?
gSl
'.
150
<fe
Total
10,147
There was a further reduction by 1,829 feet in the lineal
feet of wooden bridges and trestles on the line by the change
of line between Elmira and Bonner's Ferry, Idaho, referred
to on page 10 of last year's report.
To provide t'.:e necessary wat' rways in place of bridges
filled as above, 48 stone culverts, 11 concrete culverts, 33
pipe culverts and 11 box culverts were built.
So much permanent bridge work has been done in previous
years that the effect of the work is sho-xn by the reduction
annual charges to operating expenses for repairs and
renewals of bridges and culverts, the amount charged to
that account during the year just ended being $230,034 66
less than the amount charged during the previous fiscal
year.
in the
********
Following the plan of previous years, only such amounts
as represented cost of actual additions to and improvements
of the property have been charged to "Additions and Improvements," and the entire amount charged to that account
during the year on account of the line leased from the St.
Paul Minneapolis & Manitoba Ry. Co., or * 1,432,252 94, has
Line leased from St. Paul Minneapolis & Manitoba Ry. Co
18-43 been transferred to "Fund for Permanent Improvements and
Line leased from Eastern Ry. Co. of Minnesota
11-7(5
Renewals," so that the Great Northern Ry. Co. is not carryLine leased from Dakota & Great Northern Ry. Co
-38
ing on its books as an asset the cost of any additions to or
Montana & Great Northern Ry
1-49
Crow's Nest SouthTQ By
-72 improvements of the line leased from the Manitoba Co.
IIII""
'""
Seattle & Montana RR
.go
All replacements, renewals, etc., have been charged to
Willmar & Sioux Falls Ry
II'
.37 "Operating Expenses."
The amount included in --Main'.'..."'.'.".'."
Spokane Falls & Northern Ry. System
1-21
tenance of Road and Structures" this year, for extraordinary
Total built
34-98 improvements, etc., is $1,410,097 03.
The proof that the efficiency of tlie railway as a means of
Less: Montana Cent. Ry. removeil on Barker branch, eto
1-32
transportation is improving each year is the fact that notCrow's Nest Southern Ry. sold to M. F. & M. Ry
3 29
4-61
withstanding the heavy falling off this year in the tonnage
Net additional side track mileage on old lines
30-37 of bulk freight and the increase in;ies3 than carload business
During the year tracks have been relaid as follows: 160-51 a small increase is shown in the average train-load.
Respectfully submitted,
miles with 77i^-pound rail, 9-85 miles with 75-pound rail, 94-96
L. W. Hill, Vice-Preaident.
miles with 67-pound rail (re-roUe from 75-pound section),
3-34 miles with 68-pound rail, and 1288 miles with 56 pound
EARNINGS, EXPENSES AND TAXES OF RAILWAY SYSTEM,
rail.
The longest stretches of track relaid were from four
miles west of St. Cloud to Barnesville, Minn., 136-61 miles, Foe Year Ended June SOth, 1904, Compared with Previous Yeah.
NOTE.—Slalemen does XOT include Spokatie Falls <C y Ry. System.
with 771^-pound rail, and between Willmar and Pipestone,'
Minn., on the Willmar & Sioux Falls Ry., with 67-pouud rail.
gross earnings.
The double track on the Eastern Railway of Minnesota has
Per cent
1904.
Class.
been extended 3-15 miles between Cloquet and Brookston.
1903.
Percent
74--536 $29,944,300 32
Freight
2^ 757993
$30,915,234
Permanent improvements in the water supply are being 19-3405 7,747.300 50
Passenger
7,576,629 52 18-5T42
2-5394
1,017,204 25
Mail
94'=>,565 !,?
continued, improved water stations being built during the
2-3184
1-1857
474,971 3^
Express
449,277 23 11016
year at Exmore, Durbin, Neche, Wolf Point, Priest River,
'2-1808
873,576 87
Miscellaneous
899,940 77 22065
Edwall and Old Mission, some of them being additional an 1
'..'.
I
—
others replacing plants of ol pattern. Improvements were
made at 27 other water stations. Loading platforms were
built at ten stations, those at three stations extended.
Coal and oil houses were built at eight stations, and those
at four stations enlarged; an ice house built at Wenatchee,
Wash,, and that at Grand Forks, N. D., enlarged.
Stock yards have been built at Isanti, Foley, Fergus Falls
New London, A ppleton. Eagle Bend, Dassell, Lynd, Johnson, Danvers, Minn.; Corson, S. D.; McLean, Neb.; Conrad,
$40,057,353 29l
)
Vaughn, Mont.
The stock yards at eight stations have been enlarged, and
improvements made in the stock yards at 34 other stations.
Right of way fence has been built during the year as
fol-
lows:
Great Northern
Ry
-Jfoffi?;
Eas ern Ry. of Minnesota
Dako'a V Great Northern Ry
WUlmar & Slonx
FallH
Rv
Duluth Watertown & Paclflo Ry
Mo lit an a Central Rv
Montana & Great Northern Ry
Seattle
& Montana
RR
Total
!•?•««
7-57
Q.gi
',]
'.",',
."""."""""I!
20-So
46-7o
Per cent
1904.
Work
now
1903.
Percent
Total
.^8
$20,076,828 70
SUMMARY OF EARNINGS AND EXPENSES.
1904.
7903.
$10,057,353 29
20,594,362 58
$19,462 990 71
1,417,980 37
.Operating Expenses
$20,708,818 23
1,474,125 65
Income from Operation
$19,234,692 58
Operating Expenses,
54-95
p. 0.
of Gross
51-41
raised to grade and widened on
tracks ballasted with gravel on 193'83 miles.
20,076.828 70
Net Karnings
Taxes
.............
$18,04fi,010 34
!!!!..l.!!'i^l6-45
reducing the east-bound grades
on the Breckenridge, Willmar and Terminals Divisions to
four tenths of one per cent, rr quiring the re-grading of 44
miles of track. In connection with this work the banks are
being widened, sags raised, cuts sloped out and track ballasted with gravel.
is
Class.
$20,594,362
49 23
Embankments have been
362 04 miles and
$40,785.646 93
52-1514 $10,740,242 22 ...Oondnot'gTransp.. S10,161,884 51 "0-615(>
15-2405
3,138,693 23 ..Maint. of Eqiiipm't..
3,109.469 if- 15-4878
Malnt. of Road )
24-6828
5.083,263 91 J
5,273,099 ."3 26-2646
and Structures. ]
<
7-9253
1.632,163 22 ....Gen'l Expenses...
1.532,375 21 7-6326
i22-99
i.,f
Total
operating expenses.
Operating Expenses and Taxes,
of Gross Earnings
in progress
p. c.
52 84
Gross Traffic Earns per mile of Road.
$7,124
3,662 6: Operating Expenses per mile of Road.
$7,429 22
3,657 05
$3,461 45
«
1
6, 622-
.
.
. .
Net Earnings per mile of Road.
8 ..Av. Ml les of
.
Road under Operation..
3,772 17
5,489-90
Oct.
THE CHRONICLE.
29, 1904.]
STATEMENT
SHO'SVTNa
19G1
THE BEVSNUE FOB THE YEAR ENDED JUNE 30, 1904, OF THE GREAT NORTHERN
RAILWAY COMPANY AND PROPRIETARY COMPANIES.
Income from
Miscellaneou*
Operation.
fncnme Received
Total.
Earning$.
Operating
Expenses.
$36,062,947 30
$1 8,099,509 51
$1,283,464 89
$16,679,972 90
$929,275 02
$17,609,247 92
2,376,126 44
1,487,158 20
1,328,623 25
1,091,781 71
74,448 11
52,451 44
75,222 44
6,841 60
995,051 75
320,154 05
49,831 64
25.571 98
4,517 95
131,12135
20100
1,020,623 73
824,672 00
50,032 64
$40,057,353 29
$20,594,362 58
$1,417,980 37
$18,045,010 34
$959,565 95
$19,001,576 29
56
64
20
61
46,849 25
1,095 90
69
48
4.416 99
9,688 63
8 06
Oross
Companies.
Great Northern Railway
RAILW4.TS—
Montana Central Railway
WiUmar Sioux Falls Railway
Duluth Watertown & Paoifle Railway...
!;
Total Railway System Proper
Other Companies—
967,466 50
297,454 02
."18,119 48
34,412 61
Spokane Falls & Northern Ry. System.
Minneapolis Union Ry
Minneapolis Western Ry
Duluth Terminal Ry
$41,414,505 90
Total for System.
679.197
96,122
37.688
20,912
Taxet.
$21,428,283 59
241,419
200,235
18,690
13,500
1,741 20
!
08
00
$973,679 63
$18,518,855 59
$1,467,666 72
245,836
209,924
18,698
13,500
68
11
14
00
$19,492,535 22
|
Explanatory Note.
Companies named the following dividends have been declared:
Dividends: -Out of the net income of the
Montana Central Railway Company
Willmar & Sioux FaUs BaUway Company
Minneapolis Union Railway Company
$350,000 00
280,000 00
5 0.003 00
$680.000 00
Total
included In the "Miscellaneous Income" of the Great Northern Bailway as given in the above table, but is added to
which amount is not
the "Miscellaneous Income" in the Income account below.
into DuluthDlldth Tekminal By. Co.:—This company is the owner of the railway usedby the Great Northern Bailway to secure entrance
Minnesota. Under the franchise
and of extensive yards in Duluth. Its stock and bonds are all owned by the Eastern Railway Co. of
limited to six per cent on its stock and bonds; the
of the Duluth Terminal RaUway Co. its earnings derived from trackage are
Income" above shown.
interest and dividends paid, amounting to $13,500, are not included in the "Miscellaneous
REVENUE ACCOUNT GBEAT NOBTHERN RAILWAY
CO.
Eauninos from Operation of the Lines Leased and Operated
BY THE Great Northern Railway Co.
Year Endkd Jdne 30, 1904.
Earnings $26,725,555
7,137,527
949,483
437,146
813,234
Freight
Passenger
Mail.....
Express
Miscellaneous
67
44
76
26
17
STATEMENT OF BONDS AND STOCK OUTSTANDING IN THE
HANDS OP THE PUBLIC FOB WHICH THE GBEAT
NORTHERN BAILWAY COMPANY 18
BE3PONSIBLE DIBECTLY OB
UNDEB GUABA.NTY.
Outstanding
July 1 1903.
$36,062,947 30
Gross earnings
Operating Expenses—
Conducting Transportation
Maintenance ol Equipment
Maintenance of Road and Structures
General Expenses
Income 'rom Operation.
From which have been paid
Rentals Bt. p.
M
&
M
...
31
07
05
08
$18,099,509 51
1,283,464 89 19,382,974 40
Total Operating Expenses
Taxes..
To
$9,476,038
2,'32,632
4,347,752
1,443,087
$16,679,972 90
Ry. Co.:
Guaranteed Interest on St. P. M. & M.
a Ry. Co 's Bonds, paid and accrued.. $3,423,628 18
(For Details see next column.)
IT
Guaranteed dividends of 6 p. c on
Capital Stock of St. P. M&M.Ry. Co.
1,200,OCOOO
Dakota Exten., 6
00
00
00
00
fi, 000 00
c. 10,1 8
* 14,545,454 54
Montana Ex., 4
p.
Pacific Ex., 4 p.
$433,125
329,940
800,640
870,705
407,400
581,818
$7,171,000
5,4 63,000
13,344,000
19,294,000
p.c.
Con. Mtg., Pp.
Con. Mtg..4»2 p. c...
00
00
00
00
00
18
$3,423,128 18
Total
East. Ry. of Minn.—
4,700,000 00 lstDiv,l8tMtg, 5pc
00 No.Dlp^.,lstMtg,4po
5,000,000
4,700,000 00
5,000,000 00
$235,000 00
200,000 00
6,000,000 00
4,000,000 00
360,000 00
200,000 00
3,646.000 00
182,300 00
2,150,000 00
650,000 00
129.000 00
32,500 00
500,000 00
25,000 00
3,646,000 00 1st Mtg., 5
".
Rt.—
p.
MiNNBAP. Union By.—
of Organization of St. P.
M. &M. Ry. Co
Co. of Minnesota
Guaranteed Interest on Bonds and
Guarantt^ed Dividends of 6 p. 0. on
iK
the Capital Stock oT Eastern Ry. Co.
of Minnesota, i,ald or accrued
i Other Rentals
To Eastern Ry.
St.P.M. &M. Ry.—
2d Mtg., 6 p. c
Will. &S. Falls By.—
I
Malnt-mnoe
00
00
00
00
00
54
Paid 1903-04.
Montana Cent.
6,000,000 00 Ist MtK., 6p c
4,000,000 00 1st Mtg., 5 p.c
:
\t
?
$7,369,000
5,568,000
13,344,000
19,533,000
10,185,000
14,545,454
An'l Charges
Outstanding
July 1, 1904.
Bonds.
,
6,042 92
2,150,000 00 IstMtg., 6 p.
650,000 00 l8tMtg.,5 p.c
:
Minneap.West. By.—
^.
500,000 00 IstMtg., 5 p.c
I. .
1,305,000 00
81,945 68
$97,190,454 54
5
Total Rentals
$6,106,616 78
received by
Great Notlieru Ry. Oo. as dividends
paid or accrued on Stocks of the St. P.
& M. Ry. Co and Eastern Ry. Co.
of Minuesota owned by it
St.P.M.&M.Ry.$450,600 00 b
M
2,133,014 00
$97,641,054 54
$3,973,602 78
2,000,000 00
5,973,602 78
Total
Balance transferred to Income Account
$10,706,370 12
INCOME ACCOUNT GREAT NORTHERN RAILWAY COMPANY
30, 1904.
Ante
Nov.
Feb.
May
1,
1904,
1^
1\
1
1
^
%
p. e. on $124,00^,700.
124,026,700.
p. c on
124,081,700.
p. c. on
p. 0. on 124,109,200.
!•»
Balance transferred to Profit and Loss
tNet
$26,986 00
$97,097,054 54 $4,814,414 18
124.129,250 00 $8,683,925 25
—
Bonds on Bailway Property outstanding as above
Outstanding Capital Stock of Great Northern and
P. M. & M. By. companies
In
121,577,850 00
$221,226,30154
Total Capitalization of System
third, fourth, fifth
$96,648,454 54
St.
System, Including second,
and sixth tracks, covered by
above capitalization
Stocks and Bonds per mile of Main Track
Mileage of Main Tracks covered by bonds In hands of
6,04218
$36,613 66
4,743-74
public
Bonded Debt Outstanding per mile
of
Main Track
$20,373 89
covered thereby
8,896,550 25
as Trustee, of 1,076,036 shares of the Capital Stock of the Chicago
2,170,117 25
2,170,467 25
2,171,429 75
2,1':'1.911
i
$3,432,594 89
$212,625 00
follows:
1, 19i'3,
1, 1903,
1, 1904.
5
*Not Including £3,000,000 St P. M. &M. By. Co.'s Pacific Extension
Bonds in Treasury of Great Northern R.illway Company.
t Difference between amount of rental accrued under lease and dividends received or accrued on Ht. P. M. A M. By. Stock owned by
Great Northern Bailway Company.
In addition to the bonds above listed, the Great Northern and North
em Pacific companies have issued their Joint C. B <fe Q Collateral 4 per cent Bonds and Scrip to the amount of $215,207,200 00,
secured by the deposit with the Standard Trust Company of Now York'
$12,329,145 14
AgJilnst which has been charged -
»,INTKR^BT Paid and Accrckd on
*l,500,000 Sterling Loan of Decemif..
ber 1, 1903 1905
outstanding
Mlleage>f Main Tracks
Balance transferred from Revenue Account
$10,706,370 12
Oth' r Income Interest on Bonds Owned
$395,895 84
Dlvidentls on Stocks Owned
.
751,340 25
Rentals of Leased Lines
119,750 74
Bills Receivable (Land Note")
1,49207
Rental of Equipment and Car Service..
216,198 52
Income from Other Sources— ground
rente, miscellaneous items, etc
138,097 60
1,622,775 02
Total Income.
$448,600 00
>
)
Total
$123,996,750 00
to Fund for Permanent Impro vement-s and Renewals
)
Gt. Northern Ry. Co.,
Improvements -
Amount transferred
Year Ended Jdnk
c, guaranteed
p.
unexchanged
NetBentals
$96,648,454 54 $4,787,428 18
:
Stock.
From which deduct amount
Dividends as
Bonds on
Bailway Property
Total
I
00
Burlington
A Qulncy
Railroad Company.
.
.
,
.
THE CHRONICLE.
1902
CONDENSED GENERAL
BA.LA.NCE
[Vol. LXJtix.
SHEET JUNE
30, 1904.
BKINO A CONSOLIDATION OF THE UKNUUAL IJALANCE 8HKBT8 Ol THAT JjATE OF THB
8t. Padi. MiNNKAroLis A Maxitoux Rr. Co., Ori:at Nortiiekn Ry. Co.. Eastern Ry. Co. of Minnesota, Montana Centeai. Railway Co.,
WiLLMAK & Sioux Falls Ry. Co., Dhlutu Watertown & Pacific Ry. Co., Seattle ii Montana RK. Co., Park Rafiub A Leech
**"
""
DR
Lake rv. Co., MimfEAPOLis Union Ry. Co., Minneaj'olis Western Ry. Co. and Doldtu TbBMurAL Bt Oo.
OB
Railway Property—
Capital Stock—
By Authorized Capital Stock
To Cost of Kailway, Equipment and
Lauds owned by the Ht. Paul Minneapolis & Maultolia Ry. Co
$122,459,189 .'56
Cost of Additions and Improvements
made by tlie (ireat Norlhorn Ry.
Co. to Property leased from the St.
P. M. <fe M. Ry. and paid for
from "Fund for Permanent Improvements and Renewals"
7.707,451 94
.
$79,852,146 64
of Property of Great
Northern Ry. Line
Othek Propebties, Securities
and Investments—
Si.
in
$124,577,850 00
Hands of Public.
Paul Minneapolis
Manitoba
<t
Ry. Co.'s Bonds, the Principal and
Interest of which are guaranteed
by the Great Northern By. Co
$70,002,454 54
Bonds of Proprietary Companies
Principal and Interest guaranteed
by the Great Northern By. Co
26,646,000 00
& Q.
Collat. 4 p.
$96,648,454 54
c.
Bond 8 and Scrip $215,207,200 00
Less Northern Pac.
By.Co.'sPropor'n. 107,603,600 00
107,603,600 00
Loan of December 1, 1903-
Sterling
1905,
-a
W
£1,500,000
$4 86
7,290,000 00
211,542 054 54
6,400,000 00
and accounts payable
Bills
Car Trust Obligations—
Car Trust Notes assumed by Eastern By. Co. of Minn, upon purchase
of Duluth Superior & Western By.
Due in Feb. and Aug. of each year
.
Total
$145,544,781 02
Less Par Value of the following Securities owned by the Great Northern Ry. Co. and not shown contra:
The Entire Capital Stock of
East. Ry^Co. of Mn.$16,000,000 00
Mont. Cen. ±iy. Co. 5,000,000 00
58,747 48
until Feb. 1st, l5»06
Total Capital Liabililies
$342,578,652 02
.
& M. By. Co.'s Bonds
Bkdeembd Through Opera-
St. p. M.
tion of Sinking Funds.
Sioux
7,000,000 00
First
Mortgage Land Grant Bonds
..
Consolidated Mortgage Bonds
730,000 00
Seat.&Mont.RR.Co 14,000,000 00
Park
Rapids
&
Leech Lake Ry.Co
500,000 00
Minn. Union Ry.Co.
600,000 00
Minn. West. Ry. Co.
250,000 00
$5,928,400 00
4.728.000 00
10,656,400 00
Pacific Ry. Co.
Current Liabilities —
Of Land Department 8t. Paxil Minneapolis c6 Manitoba Ry. Oo.
Audited Vouchers Unpaid
Unpaid Pay Kolls
Due to Other Co's and Individuals..
And
the entire issue
of bonds of the
1,375,000 00
500,000 00
Of Great
43,000,000 St. P. M.
& M. By. Co.'s Pacific Extens'n Mortgage Bonds
14,545,454 56
Entire issue of St. P.
M. & M. By. Co.'s
Improvem't Bond s. 5,000,000 00
Cost of Properties, bee's & Invest'ts
after deducting
Par Value of
Stocks & Bonds not shown contra.
Cost of Securities In hands of Trustee of N. P -G. N. Joint C. B & Q.
Collat.
Hi/. Co.
84,951,854 55
Aorrued Taxes, not due
luteres Accrued, not due
Beiital of St. P. M. & ]M. By., U. S. &
W^ T. Co. and Eastern By. of Minn.
Accrued not due, less Accrued
Dividends on Stocks of those Companies owned by Gt. Northern
Bond
60,592,926 47
By.
109,104,909 76
$658,474 20
47,316 66
319,381 00
Co
1,025,171 86
Contingent Ltabilities—
Cost of Additions and Improvem'nts
made by the Great Northern By.
Co. to Property Leased trom the
M. Ry. V.o. and paid for
M.
from "Fund for Permanent Im-
Jfinne-
St. P.
$53,599 37
13,647 28
67,246 65
&
provements and Renewals"
Unexpended Balance of "Fund for
Permanent Improvements and
Beuewals"
$7,707,451 94
2,950,128 24
7iariied.
$352,147 54
:!,029,fii)4 63
299,;H5 49
1,34S,446 49
252,674 'J6
37,334 74
Advanced
45.027 12
2.700,664 96
2,388,191 56
.
.
("barges
Receivable
Indivld'ls
Amount deducted from
Income to provide for future
Improvements and Renewals. $10,657,580 18
Total
Fund for KeplHcement of Equipm't.
Insurance Fund
Surplus Fun Is of Proprietary ComGreat
panies deposited with
Northern Ry. Co
21638
Special Deposit to Pay the May,1904,
Dividends on Stock of Great Northern Ry. Co., Owned by Northern
Co
Value of Material and Fuel on band
.593.624 93
335,098 14
5,862,667 43
16.948,970 68
10,450,783 17
Securities
2,067,173 50
Deferred Liabthtieb—
Cash In St. Paul Office
Cash In New York Oflice
Cash In London Office.
Due from Agents
Due from U.S. Post Office D»partm't
Due from U. 8. T' ansportation
Due from Canadian P. O. Depattm't
Due from Other Co.'s and
1,536,644 22
12,465 90
4,095,658 29
and Pro-
prietan/ Companies above
$1,074,973 66
1.471,574 51
Unpaid Dividends on Gt. Northern
Ry. Co 's Stock
1,076,-
Indivld'ls.
and Pro-
due July Ist, 1904
Unpaid interest, Sterllna Loan
Manitoba By. Oo.
Cash
Due from other Co.'s and
diorlliern Ry. Co.
61,280 94
Unpaid Pay Bolls
Unpaid Coupons, including those
$380,113.165 65
Current assets—
Of Land Detartment, St. Paul
Of Oreot yorlhern
33
to Re-
prietary Compan'es above named.
Audited Vouchers Unpaid
Total Capital Asiets
<t
3. 90S
demption of Bonds
036 Shares C. B. & Q.. RR. Co. s
Capital Stock— Gt. Northern By.
Co. one-half owner
apolig
Fund Applicable
Sinking
Total
$45,865,000 00
195,514 Shares of
Capil al Stock of the
St.P M.&M.By.Co. 19,551,400 00
Bonds and Scrip as
*809 08
1,243 30
5,960 71
Duluth Watfrtown
& Pacific Ry.Co.
Park Rapids &
Leech L'ke By. Co.
Bills
Funded Debt
. .
$210,415,329 42
Cost of Stock In the Lake Superior
Ter. & Tr. Ry. Co. owned by the
Eastern Rv. Co of Minnesota ...
$15,700 00
Cost of Stock of the 8t. C. <fe W. Ry.
Co. owned by the
& S.P.Ry.Co. 2,500,000 00
Wisconsin Central Ry. Cos Minneapolis Terminal Bonds ownea by
Minneapolis Union Ry. Co
247,500 00
Cost of Properties and Securities
owned by the Gt. North. By. Co. 142,781,581 02
&
448,600 00
Outstanding
Total Capital Stock Outstanding
in hands of public
Total (for details see table on
Total cost
&
Capital Stck of Great Northern Ry.
Co. Issued and Outstanding
$124,129,250 00
Capital Htock of the
St. Paul Minneapolis & Man. Ry. Co. .120,000,000 00
Less owned by the
Great Northern By.
Oo. (see contra).... 19,551,400 00
preceding page)
N.P.-G N. JointC B.
396,541 28
80,248,687 92
Falls Ry. Co
Duluth Watertown
$125,000,000 00
held In Treasury of
870.750 00
ia58.
p.
.'
Comp'y as explained on
M
Wlllmar
Amount
Less
Total Cost to June 30, 1904,of Prop'y
leased from St. P. M. &
5!130,166,641 50
Ry. Co.
Cost of the following Properties
controlled by the Great Northern
Ry. Co. tiirouKh the ownership of
their entire Share Capital:
Eastern Ky, of Minnecota-Rallway,
Equipment, Elevators, etc
$28,969,653 90
Montana Cent. Ry.— Ry. andfEqulp. 15,368,951 84
WUlmarife Sioux Falls Ry.— Railway,
Equipment and Real Estate
9,205,250 05
Duluth Wateitown & Pacific Ry
2,218.318 78
Seattle & Mont. RR - Ry. <fe Eqiiin..
19,153,980 81
Park Rap & Leech L.Ry. Ry.&Eq.
1,022,984 99
Minneapolis Union Ry.— Union Lepot. Railway, etc
3,163,079 58
Mlnneap. West. Ry.—Ry. and Equip.
749,;)26 69
Cost of the Duluth Terminal Ry.,
the Bonds and entire Capital Stock
ot which are owned by the Eastern
Ry. Co. of Minnesota
of the
Great Northern Ry. Co. issuable
June 30th, 1904
2,067,173 50
2,691.469 84
$395,389,838 81
Profit and LossBalance St. Paul Minneapolis &
Manitoba Railway Co
Gi"eat Northern By. Co. and abovenamed Proprietary Companies
$2,034.949 28
15,915
62153
17,950,57081
$395,389 838 81
——
1
:
..
1963
THE CHRONICLE.
Oct. 29, 1904.
EQUIPMENT OF GREAT NORTHERN RAILWAY COMPANY
AND PROPRIETARY LINES.
ST.
FOB YBAB ENDBD JONE 30, 1904. A8 COMPARED WITH YEAB
Endkd Jcnk 30, 1903.
190*-
1^03.
^^8
^*^
637
***
32.375
CtassLocomotives
Passt nger Eciulpment
Freight and Work Equipment
30,068
-
PAUL MINNEAPOLIS & MANITOBA RA.ILWAY COMPANY'S
SINKING FUND ACCOUNT, CONSOLIDATED
MORTGAGE BONDS.
July Ist, 1903. By balance to credit of Sinking Fund, as
$30,319 39
per page 38 of last year s report
June 30, 1904. From Land Department, as per Land
625,545 66
Commissioner's Report below
1,05V 99
Revenue Todd County lands
,
$656,935 04
Total Credits
OF FREIGHT AND PASSENGER TRAFFIC OS
SYSTEM FOR THE YEAR ENDED JUNE 30, 1904,
COMPARED WITH THE PREVIOUS YEAR.
STATISTICS
(NOT including Spokane Falls <k Northern Railway
Debits:
To Bonds purchased by Trustee and canceled.$542,000 00
695,654 10
Costing
Balance, being funds applicable for further redemption of bonds
June 30, 1904.
System.)
$61,280 94
Decrease.
1903.
1904.
Descbiption.
Amount.
662,1 99
52B.411
7,525.14->
547,42;i
iH.Olii
7-4706
3 47aO
7.491,060
8.072.871
581,211
7-18«6
6.9<'3.24P
Total
3-0963
18&,53»,0:<7
198.862.162
77.369.7W8
13.324,116
6,12rt,7Bl
6-7002
7-»188
276.231,950
19,46n,^46
7-0416
71,243.067
4M2H
16,148.«73
l,90;<,-.44
2,4>'2,94l
169,4
16,668,621.
18.641.614
3,351.802.089
3.606.885.17r
255.033.087
7-0708
4.047.773,938
$31,378,216 08
271 .657.053
f-7113
$981,319
3-li;80
Total
•
•
one mile
(revenue A company reight)
Earnings from freight traffic
i
.
3.776.116,879
$.0,!i91.88fl
9
11- 87«t
6^7B72
2 072.«S'4 11-1202
.
AVERAGES.
fncre ase.
All cars hauled per freight
train mile
Tons revenue freight hauled
per train
Tons revenue
34-2S
34-22
446-786
0-619
18-065
18-137
0-17i3
O-Od
447-404
Deere
freight hauled
CO.
Paul MinneapLlis
8t.
&
respectfully submit the following report of
Land Department for the year ended June
operation of the
Acres.
2,823,491
14,1.
Company
one mile
TotHl tous carried
Louis W. Hill, Irenidsnt
Manitoba Ry. Co.:
7-79.su
Tons of freight carried.revenue
Tons of revenue freight carried
Mr
aO, li)04.
2-7320
266,781,104
Total car mileage
45,294 18-1202
249.964
204,6;
"helping" to
train mileage
Mileage of loaded freight cars.
Mileage of empty freight cars.
So
Dear Sir— I
Mileage of locomotives employed in "helping" freight
Revenue
PAUL MINNEAPOLIS & MANITOBA BY.
ST.
FREIGHT TRAFFIC.
Mil cage of f relK ht trains
Mileage of mixed trains
Percentage of
REPORT OF LAND COMMISSIONER,
P. Cent
0-1385
ase.
007
<
70
-3
Total acreage of Land Grant computed at
ten sections for each mile of road, as formerly construed by the State of Minnesota.
Aeies.
3,848,000 CO
Total acreage of Land Orant, as construed
3,479.61136
by United States General Land Office
Total acreage deeded to Company \ rlor to
3,224,648 97
June 30, 1904
Less decreed to Northern Paclflc
RR. Co. by Supreme Court
United States March 2, 1891... 365,860 92
Decreed to Northern Paclflc RR.
Co. in accordance with terms of
settlement of November 1, 1897 4 ^956 < 8
4,8.3 74 419,680 74
Re-deeded to United States
Net acreage deeded
to
Company
2,804 968 23
Incre ase.
Earnings per freight train mile
Earnings per ton per mile
$3 89
$4 06
Cents.
-893
Cent*.
-857
Cents.
Cents.
r
1
702
4-2007
-036
PASSENGER TRAFFIC.
727 .69H 12-5458
6.628.000
6,800,304
C0,«62
53.485
'•9291
4.423.<5i
r-9221
4.l93,:i39
230.:^12
325.7*3,218
$9,639,931 6^
323.404.52W
$9,376,079 68
2,waH.689
$263,851
Barn'gs per passeng'r train mile
$1-4767
$1-6165
Cents. 13-98
Earnings per passenger per mile
Cents. 2-378
Cents. 2-342
Cents. 0-030
1-6371
14,019.660
13,873,175
146.485
1-0559
.Mileage of passenger trains
Mileage of locomotives emp oyed in -'helping" passenger trains
Percenta. e of "helping" to
re ven ue train ni lleage
Passengers carried one mile
7.167 13-li00
0-9P49
V
AVERAGES.
Deere
Incie
'
5-4926
0-7231
2-8141
asf.
8-64 1-3
ase.
TOTAL TRAINS.
Mileage of freight and passenEarnlngs from freight and pas$10,031,798 59 $40,749,295 76
senger trains...
$2 91
$2 86
Earnings per train per mile....
$147
Expenses per train per mile
Net traffic earnings per train
lieere ase.
$717,197 17
1-7608
-08
a-72U
$145
Incre ase.
02 1-3793
Deere
1139
per mile
$149
•10
ase.
6 7114
Note.— The Train. Locomotive and Car Mileage flgures given above have
all computations based upon them made in accordance with
the rules of the Inter-State Commerce Commission.
been compiled and
Total acreage sold prior to June 30, 1904. .2,996,658 57
307,427 48 2,689,231 09
Less sales canceled.
.
Remaining unsold June 30, 1904
79^.380 27
Owing to sales and other disposals of land within the
limits of the Grant by the United States prior to the time
at which this Company's right attached, a final adjustment
of the Grant by the Government, which is approaching
completion, will reduce the above area by about 650, OOJ
acres.
During the year ended June 30, 1904, 5 54 -30 acres of land
were sold for $79,754 37, an average of $14 39 per acre. There
were also sold 51 lots for $3,010, an average price per lot of
$59 03.
The number of land sales during the year was
average of about 58-33 acres to each purchase.
95,
Cash RECttPXS of Land Dbpartmpnt for xhk Year Ended
Junk 80, 1904.
Cash Sales and Instalments of Principal on New Land
Contracts...
of Principal receivtd on Old Contracts
AmoUTit
Amount received tor Trespass, StunipHge, Grass Sale8,et;c.
Amount received for Interest on Old and New Contracts
Amount r»oelved for Principal and Interest on Town
$17,795
607,n87
?,125
115.950
Lot Coutraots
LAND COMMISSIONER'S REPORT.
Dear Sir-
Net Receipts
respectfully submit the following report reSt. C.oud Land Orant for the
Karding the Min^-e<ipol>8
fiscal ) ear ended June 30, 1904
I
&
:
Acres.
The total acreage earned Is
Of «blch there has been deeded
/
cres
of Deferred
$649. P31 35
24,385 69
$625,545 66
Payments due
Laud Contracts bearing Interest
this
at 7
Company on
and 6 per cent.. *2, 289, 245 96
Amount of Deferred Payu cuts due thin Com^iany on
Town Lots bearing Interest at 7 aud 6 per cent
8,400 39
$2,297,( 46 35
42.5,604,000
to the
Company
425,66090
Referring to that portion of report for the year ending
30, 1893, relating to lands lying within the limits of the
grant on what is now the D.kota side of the Red
River, the Company has re-conveyed to the United States
a total of 64,277-92 acres, for which the Company is ai-thorized to locate an equivalent amount elsewhere. The Company has selected, to June 30, 1904, 62,287-14 acres in lieu of
a part of the above amount.
The following are the sales during the year of lands so
June
Total aoieage sold to June 30, 1904, less
sales canceled
Value of same
A\ erage price per acre
Amount
93
30
96
93
6,071 23
Less Expense of Land Department and Trustee
Mr.',James J. Hill, President
with an
406,615,225
$1,307,723 72
3 216
Remaining unsold June 30, 1904
19.048,775
Opkrationb DuaiNO lus Year.
1,641-!12
8a;eH, aires
Amount
$10,570 28
sold for
Average price per acre
6-44
Receipts of Land Department
DUliursements of Laud Department
Amouut of deferred payments due Company, whioh are
bearing Interest at six percent
85,567 53
12,768 58
329,033 91
CUABLES H. BaBCJOCK,
iMnd Commi9$ioner.
selected:
1.685-41 acres for $26,467 32, an aver, per acre of.. $15 70
Keoclpts during the year
$41,478 58
Taxes paid, Kxpenses of Examination and Selection
ol Land and other Disbursements made during the
year in connection with Grant
The remaining lands are
in process of adju.stment
19,831 75
with the
Government.
Charles H. Babcock,
Land Commifsioher.
.
THE CHRONICLE.
I9G4
[Vol. lxxix.
CHICAGO BURLINGTON & QUINCY RAILROAD COMPANY.
ANNUAL REPORT—FOR THE YEAR ENDING JUNE
FIFTIETH
Chicago, July 1, 1904.
To the Stcckholders of the Chicago Bur liny torh & Quincy
Railroad Company
The railroads and properties of your company were leased,
taking effect October 1, 1901, to the Chicago Burlington &
Quincy Ry. Co. and since that date have been operated by
that company. For purposes of comparing results of operation with previous years this report is made, as heretofore,
by the Railroad Company.
Earnings
$42,782,405
Cars Hauled
Freight Train Mile
P
1904.
P. O.
Ereight
$44,6.M.996 76
14,494,572 78
2,300,86145
1,290,960 77
2.489,800 09
Passenger
Mall
Express
MlsoeUaneous
G.
685
222
3*5
2
3-8
Opebatinq Expenses.
Conducting
12-3
7,719,04398
150
5 9
9,341.728 36
3.717.260 57
619
$20,266,480 74
Transportation
311
8,376,602 44
12-8
Maintenance of
EqulpmeDt
Maintenance of Road
and Structures
General Expenses
$38.763.996 67
10,277,274 54
3,751.935 41
15 7
Total
$42,672,293 13
NetEamlngs
$22,55.%898 72
1,906,649 46
34-6
35-3 $22,095,906 06. .Income from Operation.. *20,6i9,249 26
317
Taxes
5-8
29
1904.
1903.
$22,095.906 06
Income from Operation
Deduct
:
$22,442,446 04
204.113 89
Total Charges.
.
Rentals
Sinking Funds...
Other Charges...
$6,908,499 72
.
678,462,129
Mile
.$12,814,916 67
Earnings o f Passenger
Trains
$17,564,428
Earnings x>er Passenger
Train Al lie
$1-26
Earnings per Passenger
per Mile
$00203
$3,980,167 67
During the year the Chicago Burlington
$226,667 CO
8,608 082 00
&
Quincy Ry. Co.
paid, as rental, dividends at the rate of seven percent per
annnm on the stock of the Chicago Burlington & Quincy
RR. Co. The dividends upon the stock of the Railroad Company deposited as collateral security for the Northern PacificGreat Northern Ry. Companies' joint C. B, & Q. collateral
four per cent bonds were, for the convenience of all concerned, applied directly to the payment of the interest on
1904.
Ine or Dee.
17,146,860
1,398,915
17,201,899
1,588,962
/.
55,039
160,047
18,545,775
18,760,861
I.
215,086
I.
335,391,022
I.
1,704,841
Freight
124,469,924
136,060,252
1.
458,156,105
Total Car Mileage
471,151,274
7.13,295,169
11,590,328
20,049.276
20,634,024
I.
684,748
Carried
6,150,217
6,634,745
I.
484,528
Total
26,199,493
27,268,769
J.
1.069,276
Tons of Revenue freight
One Mile
Total Tons one Mile
D. 219,009
32,239,305
$62,924,691
/.
$2,577,856
$1-95
I.
$0-09
$1-32
7.
$0
13-
D. $0 04
$0 63
& Quincy RR.
$110,839,100
FUNDED DEBT.
& Quiney RR.
was
$156,050,900
$9,775,000
5,992,000
$15,767,000
B. & M. R. RR. in Neb. Consolidated M. 6 p.o. Bonds of 1918 sold
34,000
3ifl p. 0.
4 p. 0.
...
C.B.&Q., Iowa Division,
4 p. c. Bonds of 1919.. $173,000
4
p. c.
Bonds
56,000
283,000
of 1927.
$512,000
Paid at Maturity:
C. B <b Q. Conv. 5 p.c. Bonds of 1903
Purchased and Canceled:
Tarkio Valley 7
Bonds
of
p.
11,000
p. c.
Bonds of 1920
C. B.
4,931.185.014 5,207,483,649
5,685,365,607 6,114,521,072
J.
I.
276,298,635
429,165,465
303,700
c.
1920
Nodaway Valley 7
10.000
& Q. Bond Scrip...
100
21,100
836.800
-$14,964,200
Total Funded Debt of C. B. & Q. RR. Co. June 30, 1904. .$171,015,100
(For detailed statements see paces 22 and 23 of pamphlet report.)
CONSTRUCriO>?
AND EQUIPMENT.
EXPENDITURE!?.
Expenditures for Construction during the year ended
June 30, 1904, on the Chicago Burlington & Qainoy RR. and
Branches in Illinois and Iowa were as follows
:
Reducing Grades in Iowa, Including land
and new second track
$1,532,681 33
156,85047
Traoey. Iowa, Extension
Fenton, 111., to Thompson. 111.
New Line,
£07,377 93
New
Line, Concord,
--
111.,
-.
to Jacksonville,
283 520 27
.
Savanna,
...
106,28 7 96
Minn,, addition to yards.
63,138 05
56,886 14
78,281 08
A
Track Elevation. Chicago,
Dayton's
Bluff,
ill
111
Des Moines River B<)ttom8,ralsing tracks
Des Moines River Bridge
Davenport, Iowa, land for additional
yard facilities
Land near Naineokl, 111, for yard facilities
MontKomery, III., land for sheep pasture
.
Tons of Revenue Freight
Canted
Tons of Company Freight
$010
$0 0004
There have been no changes during the year.
ddltlon to'f acliltie's' at
Mileage of Loaded Freight
Cars.
I.
/.
was
III
333,686,181
$708, 26&
$1-36
$0 0212
The capital stock of the Chicago Burlington
Co. , at the date of the last report
shown above.
FREIGHT AND PASSENGER TRAFFIC ON ALL ROADS, OPER
ATED AND CONTROLLED, FOR YEARS ENDED JUNE 30.
Empty
/.
CAPITAL STOCK.
&
Surplus
Oars..
$18,272,694
Total Tbains—
Mileage of Freight and
Passenger Trains
32,458,314
Earnings from Freight and
Passenger Trainn
$60,346,834
Earnings per Train per
Mile
$1-86
Expenses per Tra'n per
Mile
$119
Net Traffic Earnings per
Train per Mile
$0-67
& Q., Iowa Dlv.,
5 p. o. Bonds of 1919..
C. B.
Q. , Nebraska Ex.
$4,491,537 65
Mileage of
D. 2,552
3,890 037
I.
C. B.
$8,834,749 00
Total
682,352,166
Purchased for Sinking
Funds and Canceled:
Total
.
14.098,053
$7,630.216 70
8,606,752 00
1903.
D. 434,095
14,100,605
Passenger
$15,801,000
g8,834.570 50
Fkkight Tbaffic—
Mlleaseof Freight Trains
Mileage of Mixed Trains
13,478,444
$007
The reductions during the
year were as follows:
B. & Q. Collateral Bonds
Interest for the year on Northern Paoillc-Qreat Northern Joint C. B. & Q.
Collateral Bonds at 4 per cent
Description.
D. $0 0001
721,716 98
'.
Balance.
these bonds, as
$2-38
$00086
Passengers
Bonds sold
Bonds sold
Dividends on stock of the Chicago Burlington & Quincy Railroad Company,
not deposited as collateral for Northern Pacific-Great Northern Joint C.
$227,818 50
$2-31
$00087
The additions during the year were as follows:
C. B. & Q. m. Dlv. Bonds of 1949.
:
Interest on Bonds.
$13,326,108 15
0-75
,
$20,445,133 37
$9,116,337 89
1553
of the Chicago Burlington
Co. at the date of the last report
Income on Securities owned and other
Income and Interest
Charges
14-78
The Funded Debt
Add:
$7,442,941 24
192,173 95
721,757 70
759,465 00
11-68
13,912,539
of
of
$20,649,249 26
Interest paid in excess of Income on
Securities owned and other Income
and Interest received
346,539 93
277-57
$1,869,590
Passenokr Tbakfic—
65-4
38-1 $23,874,38215
2-8
1,778,476 09
0-4S
265-89
Earnings per
Freight
Train Mile
Earnings per Ton per Mile
$65,228,191 85 100
Total
28-7 $17,985,963 76
2613
Passengers Carried One
GsoBS Earnings.
f 62,638,378 82
f4i,651,936
2470
per
Tfus Kevenue Freiglit
Hauled per Train
Tons Revenue Freight
Hauled per Loadwl Car.
Mileage
100
Freight
Trafflc
11
Trains
EARNINGS AND EXPENSES OF ALL ROADS, OPERATED AND
Number
CONTROLLED, FOR YEARS ENDED JUNE 30.
Carried
1903.
68'3 $42,782,405 94
22-6 14,136,28118...
3*3
2,082,703 33
1-9
1. 198. 118 97
2 438,869 40
3 9
from
1904.
30,
New Rail
New Side and Passing tracks
New Bridges
New Building"
New Tele«raph Wire
New Tools and Machinery
Land and Eight of WarMloellaneouB Oonetruotlon
23,60199
35,075 00
54,920 15
71,^03 -25
62.S3921
286,274 30
228,122 85
141,69 10
7,630 43
46,270 38
27,643 69
40,060 27
!
$3,500,456 85
-
:
Oct.
—
Brought fonvard
On
the Burlington
&
RR.
Missouri River
Nebraska and Branches:
facilities. .
Denver, land Tor additional
. .
Gibson, additional tracks
Haveloob, additional tracts
:::::::::::::::::::::::"
^I^^nT'""
New Side and Passing tracks
New Bridges
New BuUdlngs
NewFenoing
New Telegraph Wire
New Ballast
New Tools and Machinery
Way
Land and RiKht of
Miscellaneous Construction
in
$47,900 00
138:50262
o«r qqq II
«7RftHQZ
Zk'ttt a«
1 1 iqn ft^
li-*-l"^^
Way
^
^^^ ^^^ ^^
The number
38
balance at Debit of Premium and Discount on
Bonds sold and purchased
i,j^o,45t) 9a
$8,820,312 53
Total charged Construction Account during the year.
Cost of New Equipment paid lor during the year and
charged Equipment Account
4,226,233 40
$13,046,545 93
Transferred from Investments in Controlled
Roads on account of purchase of
$3,306,694 55
Quincy RR. Bridge
1,821,316 67
Iowa & St. Louis Ry
1,144,301 65
Kansas City & Omaha Ry
:
6,272.312 87
$19,318,858 80
Expenditures for Construction and Equipment during the
year on the standard-gauge roads controlled by the Chicago
Burlington & Quincy RR. Co. were as follows:
$14,7P9 63
52,330 39
22,843.53
73.65142
3.634 24
$167,259 21
Oostof
New Equipment
paid for during the
year and charged Equipment Account
2,131 93
$169,391 14
Total
Expenditures for Construction during the year on the
narrow-gauge roads controlled by the Chicago Burlington
&
of
Revenue Tons moved one mile increased
compared with 1902-3; and freight earn-
5 60-100 per cent, as
Add
Miscellaneous Construction
The length of road operated and controlled on June 30,
was 8,821 miles agains 8,751 miles on June 30, 1903, and
the average for the year 1903-4 was 8,799 miles against an
against 64-72 in 1902-3.
?i'5?n a]
i?'2A^ ^i
21,729 fab
NewBallast
585
average of 8,693 miles in 1902-3.
The Gross Earnings per mile were $7,41314 in 1903-4
against $7,205 61 in 1902-3. The Operating Expenses, including Taxes, per mile, in 1903-4 were $5,066 36, against
$4,663 81 in 1902-3. The percentage of Operating Expenses,
including Taxes, to Gross Earnings, in 1903-4, was 68'34
HI'Ir^A^
Passing Tracks
ings increased 4 37-100 per cent. Passengers carried one mile
increased 57-100 per cent, and passenger earnings increased
2 53 100 per cent. The percentage of operating expenses to
gross earnings increased 3 62 100 per cent.
The total amount at the credit of the Sinking Funds on
June 30, 1903, was $21,697,725 46. This amount was increased
during the year by the sum of $1,408,673 92, of which $721,716 98 was paid directly from the earnings of the year, and
the remainder, $686,956 94, was the accumulation of interest
on bonds held in the Funds. This increase was used in purchasing $1,408,000 (0 bonds, of which $512,000 00 were canceled and $896,000 00 remain uncanceled in the Sinkmg Fund
investments.
During the year the new line from Oskaloosa to Tracey,
Iowa, to connect the old line of the Burlington & Western
with the branch from Albia to Des Moines, has been completed.
A line from Old Monroe to Mexico, Mo., has been
built, connecting with the Chicago & Alton Ry at the latter
point, thereby making a through line between St. Louis
and Kansas City.
The lines and property of the Quincy Railroad Bridge Co.,
of the Iowa & St. Louis Ry. Co., and of the Kansas City &
Omaha Ry Co., which were shown in the last report as Controlled Roads, are now a part of the operated mileage of this
company.
For further details relating to the affairs of the Company,
reference is made to the Report of the General Auditor and
the following statements.
By
order of the Board of Directors.
GEORGE
Quincy RR. Co. were as follows:
B.
HARRIS,
$31,936 94
15.615 19
4,023 22
Electric Line, Black Hills
New Ball
Miscellaneous Construction
456
33
1904,
J??'SiVxV
^lr'91t ^\
.,§^S?ooq
}Sa'aJ2 ?S
Total
Service
GENERAL REMARKS.
_
17,244:
70
4
Oars
Grand Total
^Hil ?5
o,a/o x/
Miscellaneous Construction
2
89
148
119
Work Oars in Company
ai'^^oH
SrA?^ hi
18
74
Refrigerator Cars
Stock Cars
Coal Cars
Flat Cars
Ore Cars
oainaA±
:
New Bridges
New Buildings
NewBallast
New Tools and Machinery
3
—^—
Box Cars
New Line-Old Monroe, Mo., to Mexico., ipZ,Ool,0/0 Uo
jyjQ
New 'second Track,' 8t. Joseph, Mo., to _.„.,- _.
Amazonia.Mo
^
12
•
—
Equipment
Freight
n ^An q?
i o aqi ^-t
L^,vyxo/
On the Missouri Lines of the Chicago Burlington & Quincy RR.
Bevler, Mo.. Reducing Grade
New Rail
New Side and Passing tracks
18
Locomotives.
Passenger EquipmentMotor 'ars
Passenger and Combination Cars
Baggage, Mall and Express Cars
9s^oO,4j6Ss
i
Nebraska City, revetment.......--------Rulo Bridge, revetment and protection
New Rail
New Side and
New Bridges
1965
THE CHRONICLE
29, 1904.]
President.
'COMPOSITE INCOME ACCOUNT.
Total
$51,575 35
June
EQUIPMENT,
Freight Eaiuings
There were added during the year to the Equipment of the
Chicago Burlington & Quincy RR. Co.:
Locomotives
Passenger and Combination Cars......
Bagga<xe, Mall and Express
Way Cars
Coal Cars
Steam Shovels
Cranes and Derricks
Other Cars In Company Service
2,000
;j
141
&
Quincy R.R.
1,365
819
290
21
1,130
26,137
-
$6,908,499 72
$232,53000
B.
4
(>er
43,000 00
79,68000
293,566 98
cent
Boud8ofl910
66,94000
& Northwestern
RR. 7 per cent Bonds of
lalO
Lincoln
12
620
26
6,000 00
721,716 98
DUldends—
20
27
1,1903
January l, 1904.
April 1, 1904
July 1,1904
Oct.
$1,939.684 25
1,939,6^4 25
l.<)3^r)84 25
1,939.084 25
7,753,737 00
6,058
87,328
There was added during the year to the Equipment of the
narrow-gauge railroad companies controlled by the Chicago
Burlington & Quincy RR. Co.
Track Sweeper
Bonds
& Q. 4 per cent
C B. & Q. 4 per cent
Bondsofl922
C. B. & Q 4 per cent
Bond80fl927
B. & M. R KR. in Ne-
2,741
,
&
Bond80fl919
C.
647
6,970
ll,.^75
6.105
Grand Total
$41,423,906 14
1,862,18153
$43,286,087 67
Q. and Branches
Cash paid to Sinking Funds—
C. B. <sj Q. 4 and 5 per cent
C. B.
braska
48.728
Other Work Cars
Interest on
Bond80fl921
Work Eq\ilpment—
Steam Hhovels
Steam Oraiies and Derricks...
Debit.
Operating Expenses
Taxes, State, County and City
3
anil
Other FrelghtCars
$89,427,031 99
2
3
Freight Equipment -
Furniture Cars
Refrigerator Cars
Stock Cars.
Coal Cars
Flat Cars
Ore Cars
Way Car*.
Passenger Earnings
MiBcellaneouB Earnings
Obbdit.
AnnualReportl902-1903.$25,415,533 81
$43,818,53171
14,216,540 20
5,976,396 27
$64,011,468 18
50
80
,
The Equipment of the Chicago Burlington
Co. on June 30, 190i, was as follows:
Locomotives
Passenger Eqalpment—
Passenger and Combination Cars
Baggage. M«ll and Express Cars
Othbr Passenger Cars
Box
30, 1903, Balanceas per
1
Interest paid In excess of
Interest and Income on
Securities received
Balance at credit of Income Account
204,100 96
15,593,054 66
30,547,859 66
$89,427,001 99
*
See note on next page.
NOTK.—
cover the roads actually
The Equipment of the narrow-gauge railroad companies by the C. The tlgures on those pagesIoaso, wliemii tlio figuresoperated
B. A. Q. Ky. Co., tlirounh
on preon June 30, 19C4, was as follows:
vIoaB page cover also roads controlled through ownership of stock.
:
(Vol. Lxxix.
lllK (JliKUNlULM
19()G
•cmOAOO BURLINGTON & QU IN OY -COMPOSITE UENERAL B VLAVCE SHEET JUNK
30. 190».
LIABILITIES.
ASSBT9.
DuveuixTi Rock Ii-lunU & Noriliwestfl,867,2S2 47
tr.i KK Co
1.072,338 72
Jack-onvUie & 8f. Louis Ry. Co
2,205.839 01
Narrow-Uauge Railroads
.*nO,839. 100 00
Capital RtorV
«321 073,525 65
Coit of Koai1 liiul Ktnitpnien'
font of liivt>mmt'iit« in See irities of Controlled Koa'lB—
Funded 1) bt
Matured (-iiupons. not
Coupon iDter^s- to u ature JiiUv
Unpaid Vouchern and I'ay Rolls
,5,
Trustees of BlukiiiR Funds, showing the co't of unoancel««d securit es and cash awaltlu); lu\'eBiment
ht»M in SliikiiiK l-'umlH
Material and Supplies
Sundry Available Securities
Sundry Acoouuts Balance and B Us Receivable
1.
1904
2,20.'>, .'.62
11«,683 18
420, 784 77
5.2/1, 576 83
10,000 UOOOO
30,^47, 859 66
13,291 487 30
Renewal Fund
Inco'ie Account
Profit and Loss
SlnklnK Funds, showing the total of payments
accretions of Sinking Funds for—
C. B. & Q. 4 and 5 per cent Bonds o*
.
11 ,376.439 60
81H.0S8 62
58 4,400 00
8, 9 0.256 94
505,0i:4 88
(!>
5,
Cashoahand
50
5.568, H61 53
148, H30 38
Relief Depariuient F'und
Fire Insurance Fund
R<pla' eiuen' Fund
115,46023
'^
Sundry Investments
171,015. 100 0(1
56, 116 75
pr6»«>nt«»d
to
and
1919 (Iowa Division)
$4,879.142 85
A Q. 4 percent B mdsof 1921 .. 1,607,619 10
& Q 4 per cent Bonds of 1922
(Denver Extension)
2,923,069 85
C. B. A Q. 4 per cent Bonds of 1927
(Nebraska Extension)
3,851,519 23
B. & M. R. RR. in Nebraska 6 per cent
Bonds 1918.
6.320 61110
B. & M. R. RR in Nebraska 4 per cent
B..Qdsofl9lO
2,776,913 36
Republican Val ey RR
per cent
C. B.
C. B.
Bond80fl9l9
459,2946!
North Western RR. 7 per
Bonds of 1910
287.629 21
Lincoln
&
23,106,399 3?
»372.430,77ei0
$372,430,779 10
* For the purpose of showing 'he Assets and Llabilttl'^s of both the Railroad and Railway Companies in the same form as has bf«n heretofore used in the reports of the Railroad Company, the General Balance Sheet and Income Account statement have been made in composite
form.
ST. LOUIS
& SAN FRANCISCO RAILROAD COMPANY.
EIQHTH ANNUAL REPORT— FOR THE FISCAL YEAR ENDED JUNE
The following is the report of the operations and affairs of
the lines constituting the St. Lonis & San Francisco RR.
System (exclusive of the Chicago & Eastern Illinois RR.)
for the fiscal year ended June 3 ), 1904.
The mileage operated, and to which the statements and
statistics in this report pertain, is as follows:
2,855-06
and Branches
Kansas City Ft. Scott & Memphis Ry.
871-20
Miiin Llue and Branches
Kansas City Memphis & Birmingham RR.
285 66
Main Line and Branches
16-55
38506
4.011-92
40-45
Paris & Groat Northern
St. Louis San Francisco
Blaokwell Enid
Oklahoma City
RR
Birminghani Belt
Interest on
16 94
17-36
1-61
8-68
3-28
RR
17-69
4.349 35
3,938 17
Increase
The increase
in the
year consisted of
40-45
2916
1,106 61
907-87
41118
Total at June 30th, 1904
Total at June 30th, 1903
11-29
198 74
main track mileage during the
fiscal
Fayettevllle, Ark., to Okmulgee.
Sulphur Springs Ry.—
Sonllia, I. T.. to Sulphur.
St.
Mites.
Louis San Francisco
I.
I.
T.
T
to
Ardmore.
IT
to Platter.
I.
I.
T
.
T
Hope, Ark., to Ashdown. Ark
Arkan-as Valley &, Western Ry.—
RedFork, I. T,to Avard.O. T
Kansas City Fort Scott & Memr)hls Ry.—
Evadale. Ark., to Big Creek, Ark
Total Increase
or 10-4 per cent.
143-90
7.795,977
866,755
2.780.865 49
382,820 89
51,026
81,979
7.
/.
98.773 99
D. 5,161
L
61.81
186,623 50
I.
63,974
702,594
7.
11.506
)
>
7,682.119 91 7.1.061,115
1,474,717 15
D. 194,361
839,742 12
839,742 12
440.61151
634,975 03
7>.
194,361
Out of which was appro8 72
16,718 83
priated for betterments.
7.16,719
Surplus carried to credit of
24-60
9 21
32 97
175-25
Profit
andLoss
423,895 68
634.975 03
7).
211.079
A
comparison of the various classes of earnings and ope'
ating expenses with those of thej preceding year is as fol
394 68
lows:
1904.
16-50
41118
Tbe average mileage operated during the year was 4,216-87
agamst 3,67i-23 miles during the preceding year,
being an increase of 541-64 miles, or 147 per cent.
For detailed statement of mileage owned and operated, see
pamphlet report.
INCOME ACCOUNT.
The following is a condensed statement of the Income
Account f r the ^soal year and comparison with that of the
1903.
Inc. or Dec.
$
Gross Earnings -
$
$
18,776,23127 17.398.876 18
Freight
5,982.08113
4.885,163 17
Passenger
530,9rt9 02
620.3-20 26
Mail
e:?0,;i,36 39
762.469 28
Express
844.165 67
755.627 35
M;8collaneou8...
'
miles, as
preceding year
3,530,437 04
216,286
14,956
/.
Funded Debt
Balance
& New Orleans RR.—
Mead Junction
Madlll.
7.
4 p c each on 1 st and 2d
Pref Stock, $199,742 12,
& $640,000 respectively
.
Francisco RR.—
Cherokee Central Ry.—
& San
&
9,156,837 06
D. 91,435
the following Dividends:
.
Ozark
/.
Surplus— Applicable to
Dividends
1,280,356 63
Outof which were declared
:
Louis
607,132 50
5,076 55
Total Interest and all
8,743,235 29
other charges
•^
St.
131,095 36
.
611
13-84
39,660 69
4,326,414 05
and Equipment Notes
Rental of Leased Lines
(K. C. F. 8. &M. Ry.) -. 2.831,891 19
464.799 84
Taxes
Rental of Tracks ana Ter93,613 15
minals
Extraordinary Expense
61.815 06
Acct. Flood June, 1904.
Dividend-" Nos. 4, 5, 6 and
7 on Pref. Stock Trust
250,602 00
C'rtf8.,C &E. I. RR. Co.
Dividends Nos. 3 and 4 on
Oom. Stock Trust Certifl714,100 00
oates, C. & E. I. RR. Co.
27-46
17-46
8734
726,946
I.
10,023,591 92
Total Net Income..
1.015-64
195 89
8.413.533 65
Less-
7815
1275
& Texas Ry
& Texas Ry
A Texas Ry
$
2,607,221
1.880.275
I.
1.
823,418 00
20,033 93
Miscellaneous Income ...
Dividends on C. & E. I.
RR Co. Stock
Land Departm't Receipts
552-43
23-90
By Othrr Companies in System
UNDER THEIR OWN OKOANIZATIONS—
Ft. Worth & Rio Grande Ry
Red River Texas & Southern Ry
I. -66
Add-
ana
Track. Stcitches.
Louis V San Frinolsco RR. Main Line
Total
J 541-64
9,140,479 30
tion
Second
By St, Louis & San Francisco RR.
Company—
St.
Du
Inc. or
Net Earnings from OperaSide Trades
Track.
1903
3,675-23
65 36
6602
Operating Ratio
Gross Earnings from Opera$
$
26.896,73129 24.289.510 43
tion
Operating Expenses
17.756,251 99 15,875.976 78
MILEAGE OPERATED.
Main
1904.
4,216-87
Average Mileage
1904.
30,
Total Earninga
from Operation. 26.896,731 29
21.389.510 43
P.c. of
Inc. or bet.
1,377,355
1,096,919
1. 89.3.M
7.
7.
7.132.132
D. 88,538
7.
2.607,220
7 92
22 45
7.
7.
16-«8
7.20-96
P. 10-49
7.
7.
10 73
Miscellaneous Earnings was by reason of
switching charges collected having been credited to Switching Expenses during the fiscal year instead of to Miscellaneous Burnings, as was the case in preceding year.
The gr.es earnings por mile of road operated in 1904 were
§6.378 36. as against .|6.608 98in preceding year, a decrease
of $280 62. or 3-49 per cent.
The decrease
in
Oct
THE CHRONICLE
29, 190+.]
This decrease is due to the added new mil^^age which extends through a comparatively undeviloped territory, but
which is now being rapidly settled.
Inc. or Dee.
1903.
1904.
OrER. Expenses—
$
Maintenance <'f
Road&Struc's 3,131,14118
Maintenance of
Equipment ... 3,414,327 59
Transportation
3,438,839 62
D. 307,698
2,613.160 62
9,019,253 73
804,722 81
andTrafflo ...10,310,0419'^
900.74127
Gdn'l Expenses.
P. c. of
Inc or Bee.
$
$
1.
30 66
1,290,788
/. 96,018
I.
1.
Deductions
$48,600 00 of K. C. F. S. & G. RR. Ist Mortgage 7 per cent Bonds
redeemed.
33,000 00 of Ft. Scott Equipment Co. 1st Mortgage 6 per cent
Bonds redeemed.
100,000 00 of Oziirk Equipment Co. 1st Mortgage 5 per cent
Bondt redeemed.
$181,600 00 Total.
1193
I.
7.
D. 8-95
801,167
1967
$1,509,400 00 Net Increase.
14-31
Auxiliary Oompinies.
Addition—
Total Operating Expenses. ..17,756,251 99
16,875,976 78
2.1,880,275
/.
11-84
The Net Earnings increased $736,945 65, or 8-64 per cent.
The following are the percentages of the different Operating Expense Accounts to Earnings, and comparison with
preceding year:
^
1904.
Per
cent.
B. E.
14*16
10-76
37-13
3 31
38 33
3-35
65-3t;
6601
The following are the Operating Expenses per mile of
road, and cooiparison with precer'ing year:
&
T.
$14,771,708 71 Total Net Increase In System Funded Debt.
Bonds
1903.
1904.
$742 53
809 68
2,454 06
213 60
218 96
$4,210 76
t-
$935 68
2,444 95
Maintenance of Road and structures
Maintenance of qulpm^nt
Transportation and Traffic
General Expenses
$4,319 72
71102
in
Trbasdbv.
The par amount of bonds held in the treasury as a current
asset at June 30th, 1903, was $4,7o5,736 27 and there were additions
and deductions made during the
fiscal
year as follows:
Additions.
Total
I
Ry. Co. Ist Mortgage 4 per cent Bonds
ptyment of road, but owned by this
St. L. & 8. F. RR. Re-
issued in part
Compan.T and placed under the
funding Mortgage.
1903
Per cent.
1164
1269
Maintenance of Road and Structures
Maintenance of Equipment
Transporratlou and Traffic
General Expenses
$173,000 00 of
$1,000,000 00 of Refunding 4 per cent Bonds issued for improvement and new equipment expenditures,
133,000 00 of Refunding 4 per cent bonds Issued to cover the purchase price of the Stock and Bonds of the Sulphur
Springs Ry.
388,000 00 ot Refunding 4 per cent Bonds Issued to cover additional expenditures on account of purchase of Stock
and Bonds of Ft. W. & R G. Ry.
86,000 00 f Refunding 4 per cent Bonds Issued to cover additional expenditures on account of R. R T & S. Ry.
553,000 00 of Refunding 4 per cent Bonds issued to cover additional expenditures on account of O. 0. & W. RR. and
I
Total
The decrease in Operating Expenses per mile
or 3-52 per cent.
was $108
96,
O.
FINANCIAL.
There was no change in the Capital Stock of the
during the fiscal year.
FuNnED Debt.
Company
The Funded Debt, including Guaranteed Stock and Bonds
of Auxiliary Companies, increased $14,771,708 71 during the
The changes making up this increase were as
fiscal year.
follows:
St. Lruii <t San Francisco BR. Co.
Additions—
$2,175,600 00 Of St. L. & S. F. RR. Refg M. 4% Bonds, of which
$1,000,000 were for Improvement and New Equipment expenditures.
133,000 were for the purchase of the Stocks and
Bonds of the Sulphur Springs Ry.— 8-72
miles.
338,000 were on account of purchase of Stock and
Bonds of Ft. W. & R. G. Ry
86,000 were for additional expenditures made on
account of R. R. T. & 8. Ry.
553,000 were tor additiona'. expenditures made on
account of the Oklahoma City & Western
2,880,000 00
40,200 00
Cltj
6,892,241 97
Collateral rrust 48.
4,646,769 50 of Two and One half Year 5 per cent Gold Note' Issued to tak*- up $3,580,000 Collateral Trust 48 (St. L,
M. & S. E. RR. and to partly reimburse the treasury
for advaaces made account construction of St. L. M.
)
& S. £.
$18,857,933^
RR.
tion ot 8t L. M.
,
canopled.
3,580,000 00 of Collateral Trust 4 per cent Gold Notes (St. L. M. A
S. E. RK.) exchanged for Two and One-half Year 5
per cent Gold Notes.
M. & S. E. RR. and In exchange for Collateral Trust
4 per cent Gold Notes.
$17,718,919 68 Total added duriug the year.
Deductions.
$6,390,000 00 Of
St. L.
& S.
sold.
1.901,00 J 00 of K. C. F.
F.
RR
&
M. Ry. Co. Refunding 4 per cent Bonds
Co. Refunding 4 per cent
Bonds
O &
O. 0.
By. Co. 1st Mortgage 5 per cent Bonds
sol .
428,077 27 of Collateral Trust 4 per cent Gold Notes exchanged
for Si^Year 5 per c«nt Notes
St. L. M. AS. E. RR. Co. Ist Mortgage 4 per cent
Bonds exchanged for St. L. M. A S. E. RR. Co. 5- Year
413 per cent Gold Notes.
232,250 00 of
$9,451,327 27 Total to deduct
$8,267,592 41 Net par amount added'during the year, making a total
par amount of Bonds and Scrip In the treasury at
June 30th, 1904, of $12,973,328 68.
During the fiscal year the following additional equipment
notes were issued:
Serles"C"
$262,000 00 Total Issue $1,000,000, of
which $738,000 were issued
In previous fiscal year.
"F"
1,624,000 00 dated July 1, 190"^. and pay
able in quarterly Instalments'
of $58,000 00 eaclL
Series
American Car
cfe
Foundry
Oo. Equip. Notes
371,030 40 dated May 13, 1903, 120 notes
of $1,091 92 each, one note
payable monthly on the 13th
0' each c tnsecutlve month
after delivery.
Leatehold Estate (The K, C. F.
Total issued
S. <£
M. By. Oo.)
Additions-
A
M. Ry. Refandlug Mortgage 4 per cent
Bonds, of which
$653,000 were for Improvement expenditure" made.
373, ."JOO were for construction of Evadale Cut-oll16 50 miles
35,000 were for construction of New Home Coal
Company Spur -356 miles.
629,500 were for $i8l,600 0O Underlying Roiids
redeemed, and for refunding purposes.
$1,691,000 00 Total.
S.
sold.
500,000 00 of
$3,595,625 00 Total.
$13,262,308 71 Net Increase.
tl.G9l,0.0 00 of K. C. F.
& 8. E RR
2,039,542 62 Of St. L A S. F. RR. Co. 2hi Year 5 per cent Gold Notes
received for advances account construction of St L.
Equipment Notes.
$4,000 00 of St. L & S. F. Ry. Co., Missouri & Western Division
6 per cent Bonds redeemed.
6,000 00 of St. L. & 8 F. Ry. Co. Trust Mortgage of 1880 6 per
cent Bonds redeemed.
4,000 00 of Ft. Smith Ss Van Buren Bridge Co., 1st Mortgage
6 per cent Bonds redeemed.
1,500 00 St. L. & 8. F. RR. Co Northwestern Division Ist
Mjrtgaee 4 per cent Bonds redeenoed.
125 00 of St. L. & 8. F. RR. <:!o., Consol. 4 per cent Scrip
I
St L. M. & S. E. RR
2,902,127 07 of St L. M. AS E. RR. Co. Five-Year 413 per cent
Gold Bonds received for advances account construc-
Total.
DEDCCnONS—
_
.
& Texas RR.
15,500 were for a like amount of Underlying
Lien Bonds redeemed.
of Ozark & Cherokee Central Ry. 1st Mortgage 5 per
cent Bonds Ispiied for payment of 143-90 miles of road.
Guaranteed Preferred Stock, St. L. 8. F. & N. O. RR.
Co being balance of a total issue of $1,060,000, of
which $ ,019,800 has been exchanged for and placed
under thiM Company's 5-Year4i« per cent Gold No'es.
ot St. L. & S. F. RR. Co New Orleans Extension Pur
chase Money Uolld,teral Trust 4 per cent Gold Bonds —
total amouat Issued $6,487,000, of which $6,263,777 76 has been exchanged for and placed under
this Company's 5 Year 4»« per cent Gola Notes.
of Flve-Year4i4 per cent Gold Notes Issued to take up
outstanding Preferred Stock of tlie St. L 8. F. & N. O
RB. Co. and New Orleans Extension Purchase Money
,
223,222 24
&T RR
M
Capital Stock.
RB. and Oklahoma
C
15,500 00 of Refunding 4 percent bonds Issued for a like amount
of Underlying Bonds redeemed.
Ry. Co. Refunding 4 per cent Bonds
653.000 00 of K. C. F. S. &
Issued for Improvement expenditures
373.500 00 of K. C. F. 8. & M. Ry. Co. Refunding 4 per cent Bonds
Issued for paymentof construction of Evadale Cut-off.
35,00000 of K C F. S. & M. Ry. Co. Refunding 4 per cent Bonds
issued for construction of New Houie Coal. Co. spur,
629,500 00 of K. O. F. S. AM. Ry Co. Refunding 4 per cent Bonds
Issued for Underly In g Bonds redeemed and for refundIn g purposes.
2,880,000 00 of Ozarti & Cherokee Central By. Co. Ist Mortgage 5
per cent Bonds purchased.
999,999 99 of Five-Year i^ percent Trust Notes received for advancep to construction of St. L. S. F & N O. RR.
376,000 00 of Collateral Trust 4 per cent Gold Notes (St. L. M, &
8. E. RK.) purchased
4,500,000 00 of Arkansas Valley & Western Ry Co. Ist Mortgage
4 per cent Bonds purchased.
184,750 00 of St. L. M. & s. E. kR. Co. 1st Mortgage 4 per cent
Bonds reoHived for advances account construction of
8.
$2,257,030 40
The equipment notes paid were as
Hlalr&Co. Noles
Series
Series
"B" Notes
follows:
.fl3I,000 00
1'24.000 00
"C" Notes
American Car & Foundry
100.000 00
Co. Notes
Series "F" Notes
149.3.52 84
Total paid
232.000 00
$736,352 84
The net increase during tlie year
and outstanding was $1,520,677 oO.
in
equipment notes issued
1
THE CHRONICLE.
1968
Dbi'kbred Paymknts on
and Incrbase
k<>ai>8 Purciiahki)
N()TK8 PAYAULK.
The deferred payments on the
RR., amountiuj,' to $3,149,136 30
oflf during the fiscal year.
The deferred payments on the
Railway amount to $3,600,000
Oklahoma City
at
June
30, 1903,
Arkansas Valley
in
&
Western
were paid
&
Western
dated March Ist,
1904, and bear interest at the rate of 5 per cent per annum;
$2,325,000 00 of which are payable on Sept. 1st, 1904, and
The balance of the cost of
fl, 275,000 00 on March Ist, 1905.
the road and its equipment (|238,004 41) was paid in cash.
The deferred payments on the Ozark & Cherokee Central
in notes,
Railway at June 30th, 1904, amounted to $1,980,000, and all
were due July 1st, 1904, and were paid on that date.
Five per cent notes amounting to $3,500,000. dated June
Ist, 1904, and payable on or before April 30th, 1905, and the
increase in Bills Payable, $475,000, are the result of large advances made for construction and purchase of new railroads,
and for New Equipment and Improvement expenditures, for
which bonds have not yet been sold. This condition is par
tially reflected in the increase of $7,699,000 in cost of securities in treasury.
FEANCHI8E8 AND PHOPEETY ACCOUNT.
The details of all charges and credits made to Franchises
and Property Account during the fiscal year are given in
Table F. [bee pamphlet report.]
NEW MILEAGE.
The new mileage completed and place in operation during
the year was as follows:
I
Vol. Lxxix.
As stated in
owns all of the
last year's report, page 16, this Compaori
capital stock of the Ht. Louis Memphis i
Southeastern RR. Co. and the St. Louis
Gulf Ry. Co. The
entire mileage (681-10 miles) was completed at June 30th,
1904, and was turned over to this company for operation ae
of July Ist, 1904.
Prior to July Ut, 1904, the completed
parts were operated for account of construction.
&
On June
New Orleans Terminal Co.
Company had advanced $649,015 82
30th, 1903, this
New Orleans Terminal Co. for the purchase of Terminal property in New Orleans. The Terminal Company executed a First Mortgage dated July Ist, 1903, on all of ite
propertj' in New Orleans, including 16 85 miles of main line
track and 12-53 miles of Hidings, together with rolling stock
consisting of 4 locomotives, 47 box cars, 8 gondola cars, 12
to the
and
1 tool car, and issued $3,000,000 of its first
fifty-year 4 per cent gold bonds, guaranteed
jointly by this company and the Southern Ry. Co. The
bonds were sold and this Company received reimbursement
of all advances made.
The two guaranteeing Companies own all of the capital
stock of the
Orleans Terminal Co
(one-half each.)
flat
cars
mortgage
—
New
Tbackaob Aobebmbnts.
The following agreements, providing for the joint use of
tracks between this Company's Lines and the tracks of the
New
Orleans Terminal Co. in the city of
made during
New
Orleans, were
the year:
1. An agreement with the Illinois Central RR. Co, and the
Yazoo & Mississippi Valley KR. Co., dated Sept. 5, 1903.
whereby this Company obtains trackage rights between
SULPHCB SPBINGS RAILWAY.
This branch line extends from ScuUin, I. T., to Sulphur, I. Baton Rouge, La., and New Orleans, La., and over certain
T., a distance of 8*72 miles; it was completed and placed in tracks in the latter city, on equitable terms. By same agree
operation July 1, 1903, and for the cost of construction ment this Company grants to the Illinois Central RR. Co.
$133,000 of this Company's Refunding Four Per Cent Bonds trackage rights from a point between Aberdeen, Miss., and
Jasper, Ala., to Birmingham, Ala together with the use of
were issued.
the Belt tracks in Birmingham; also certain switching priviOzark & Cherokee Central Railway.
leges in the city of New Orleans.
This road was built by the Kenefick Construction Co., and
2. An agreement with the M >bile & Ohio RR. Co. and the
extends from Fayettevilie, Ark., to Okmulgee, I. T., a dis- New Orleans &, Northeastern RR. Co., dated September 19th.
tance of 143-90 miles. The Construction Co. received $2,880,- 1903, whereby this Company obtains trackage rights over the
000 of Ozark & Cherokee Central Ry. Co.'s First Mortgage lines of the two companies between Tupelo, Miss., and New
Five Per Cent Bonds and $2,880,000 of its capital stock, in Orleans, La.
payment for construction of the line. This Company pur3. An agreement with the St. Louis, Iron Mountain &
chased all of the stock and bonds from the Kenefick Con- Southern Ry. Co. and the Texas & Pacific RR. Co., dated
struction Co and the road was taken over for operation by January 1st, 1904, whereby this Company is granted joint
this Company at July 1, 1903.
use of the tracks of the two mentioned companies, from a
point opposite Memphis, Tenn., to a point opposite Baton
St. Louis San Francisco & New Orleans Railroad.
The western section of this line, between Madill, I. T., and Rouge, La., on equitable terms.
As soon as the extensive terminal facilities of the New
Ardmore, I. T., 24-6 miles, was completed Aug. 19, 1903;
the "Platter Cut-oflf" between Mead Junction and Platter, I. Orleans Terminal Co. at New Orleans have been perfected,
this Company will be in a position to run its trains to and
T., 9-24 miles, was completed Nov. 8, 1903, and the eastern
from New Orleans under these trackage agreements, and to
section, between Hope and Ashdown, Ark., 32-97 miles, was
completed Jan. 1, 1904. The completed line extends from compete under favorable conditions for the large and increasHope, Ark, to Ardmore, I. T., a distance of 232*73 miles. ing traffic of that city.
At Hope, Ark., connection is made with the Louisiana &
LAND DEPARTMENT.
Arkansas RR. and the St. L. I. M. & S. Ry., and at Ardmore
with the Rock Island and Atchison Systems.
The net receipts of the Land Department for the fiscal
This Company issued its Five-year Four Per Cent Trust year were:
Netes, amounting to $7,125,000, to take up the guaranteed
Kansas city Ft. Soott & Memphis Ry.
$22,189 i9
preferred stock of the St. Louis San Francisco & New Less—
Orleans RR. Co., and all of the Underlying Bonds, and to
St. Louis <& San Francisco RR. deficit
2,155 56
pay for additional construction expenditures.
Total
$20,033 93
AnKANSAS Valley & Western Railway.
Full particulars of the Land Department transactions
This line extends from a point on this Company's main
during the fisoal year are given in tables R, R-1 and R-2,
line near Red Fork, I. T., to Av-ard, O. T., a distance of
pages 60, 61 and 62 of pamphlet report.
175-25 miles. The road was completed and placed in operation March Ist, 1904. This Company purchased all of the
TRACK.
capital stock, amounting to $4,500,000, and all of the First
11,775 tons of new steel rail were laid in track during the
Mortgage 4 per cent Bonds, amounting to $4,500,000.
,
Kansas City
Ft. Scott
& Memphis Ry.
(Etadale Cutoff.)
In order to shorten the line between St. Louis and Mem6his, a branch out-ofif was built under the charter of the
lansas City Ft. Scott & Memphis Ry, Co., between Evadale
and Big Creek, Ark., a distance of 16-50 miles; it was completed and placed in operation May 7th, 1904.
(New Home Coal Co., S/mr Track.)
A spur track 3-50 miles long was completed February 19,
1904, from a point on the Kansas City Ft. Soott & Memphis
Ry. in Bates County, Mo., to the mines of the New Home
Coal Co.
Louis Memphis & Booth eastern RR.
On June 1, 1904. the St. Louis Memt his & Southeastern RR.
Co. acquired by deed tlie property of the St. Louis & Gulf
Ry., then nearing completion, subject to a first mortgage
under which 4 per cent bonds amounting to $5,852,000 had
been issued atd were outstanding. Total mileage 246-20
miles. On same date the St. Louis Memphis & Southeastern
RR. Co. executed a mortgage to the New York Security &
Tiust Co.. Trustee, and issued thereunder its Five-year Four
and a-half per cent Gold Notes to the amount of $16,000,000;
St.
guaranteed principal and interest by this Company. $13,766,000 of the total issue was set aside for the redemption of
all the underlying bonds of the St. Louis & Gulf Ry. Co, and
the St. Louis Memphis
Southeastern RR. Co. at June 1,
1904, and the balance, $2,234,00), was applied to the repayment of money advanced for construction of roads.
&
fiscal year, of
which:
4,331
3,676
2,166
1,602
tons
tons
tons
tons
were 85 lb.
were 75 lb.
were 701b.
were 65 lo.
*
as against 23,881 tons of 75 lb. laid during the preceding year*
1,138,509 new cross ties and 684 sets of switch ties were
placed in track during the year, as against 1,051,219 new
cross ties and 363 sets of switch ties laid during the precedinsj year.
Eight old steel bridges of a total length of 761 feet were
replaced by eight new steel bridges of heavier weight and of
a total length of 764 feet.
&
The second main track between St. Louis
Windsor
Springs, Mo., 12-34 miles, which was commenced in preceding year, was completed during the fiscal year. Its completion has greatly increased the efficiency of the suburban
train service.
A second main track between Monett and Peirce City. Mo.,
421 miles, was also built during the year. This additional
main track facilitates the handling of traffic over that part of
the main line connecting the Eastern, Central, Southwestern and Western Divisions.
41 -39 miles of passing, yard and industrial tracks were
built during the fiscal year at a cost of $254,308 77.
58 miles of new sidings were received with the new mileage added during the year, and a correction in the measurement of all yard and side-track mileage added 99-35 miles to
the total side-track mileage over that reported in previous
vear.
|
—
Oct. 29,
.
1969
THE CHRONICLE.
19U-I.J
crushed rock
milps of main track were ballasted with
of which |84 583 97
and gr" vet at a tXl cost of $203,609 34, $119,025 37 to Propto Operating Expenses and
iqfi
ias Charged
3rty Account.
Further details in respect to train and traffic statistics are
given in table L, page 51 of pamphlet. On page 65 of pamphlet is given a condensed statement of Freight and Passenger statistics for the eight years ended June 30, 1904.
GENERAL REMARKS.
EQUIPMENT.
of
various classes
The following statement shows the
the fiscal year:
equipment purchased and acquired
durmg
3"^
» « « « « « »
Dbsckiftion.
§S-2
Sir
»)
s I
64 f^
s ».
s
increase in immigration into the
States and Territories tributary to the Company's Lines
during the fiscal year, and there were erected durmg the
year at various points along the lines of the System 269 new
industrial plants representing over $5,000,000 of mvested
capital, and employing fully 6,000 men.
The crops in the territory traversed by the System Liines
are fully up to the average, so that the general outlook for
f u ure traffic is favorable.
Kansas,
There were excessive rain storms and floods
Indian Territory and Oklahoma during the months of May
and June, which caused considerable damage to tracks and
crops, as well as delayed somewhat the movements of
trains. The extraordinary expenses incurred by reason of
the floods were charged to a special account, instead of to
operating expenses, and which is shown separately in In-
There has been a
marked
m
.
99
Coaches
-Chair Cars
Coach aud Baggage Cars...
Coach aud Mail Cars
Baggage and Express Care.
Mall Cars.
Observation Cafe Car
Caboose Cars
Box Cars
Coal Cars
Flat Cars
Powder Cars
Steam Shovel.
Steam Wrecker
Pile Driver
Ditcher
Ball Loader
—
—
—
—
;
169
27
6
30
18
6
25
Locomotives-
8
1
....
;
4
5
6
...
1
....
j
15
19
85 49 134
226
736
10
25 200
500
•-„-
225
2
^
1
i
--'
I
1
1
l
1
1
1
1
i
,
during
The book value of equipment wrecked or destroyed
was
the year and not replaced, amounting to $288,437 55,
the cost
charged to Operating Expenses and deducted from
additional equipment purchased. See statement E,
of
new
page
31 of
pamphlet report.
,
,t
oaii, mn^
equipment owned at June 30th, 1904,
A comparison of the
with that of the preceding year
is
as follows:
Jncrtatt
1904.
1903.
731
416
Fer Oent.
586
come Account.
By reference
to the statement of Income Account, page
1966, it will be seen that the Company paid the regular
quarterly dividends of 4 per cent on its first and second preferred stocks during the fiscal year; also the guaranteed
Memphis Ry. predividends on the Kansas City Ft. Scott
ferred stock trust certificates, as well as on the Chicago
Eastern Illinois RR. common and preferred stock trust cerAfter the payment of all charges and dividends,
tificates.
the surplus, amounting to J423,895 68, was transferred to
the credit of Profit and Loss Account. For all other credits
and charges made to Profit and Loss Account during the
year, reference is given to table A, page 26 of pamphlet re-
&
&
port.
A consolidated Profit and Loss Account, Income Account
and Balance Sheet, including the figures of the Chicago &
Eastern Illinois Railroad Company, are given on page 1970
and page 1971. These statements show the results of the
operations of both properties for the fiscal year and their
financial condition at the end thereof. This company dar-
ing the year acquired all the remaining outstanding shares
of the Common Stock of the Chicago & Eastern Illinois
^87
21,l.i9
21,679
Railroad Company, and issued against same its own Stock
Certificates.
comparison with the preceding year of Trust
The following is a
As has been ihe custom in the past, <he Board directed
and per car for repairs and
the expenditures per locomotive
that Mr. Stephen Little make an examination of the acrenewals:
j^^^^^ counts of the Company at the close of the fiscal year. His
Fer Cent. certificate appears on pages 23 and 24 of pamphlet report.
1903.
1904.
8;36
$1.99|89
^2,165 98
For all detailed information in respect to the results of
Per Locomotive
81472
32 66
34
" Passenser Car
999
operation for the year, reference is made to the financial
.io u*
4b e&
" Freight Car
58 33
and statistical statements submitted herewith.
The tractive power of locomotives on level track at June
I desire to express my appreciation of the faithful and
tons for efficient services rendered by officers and employees during
30th, 1904, was 3,046,764 tons, as against 1,421,790
the preceding year, showing an increase of 43 per cent.
the year.
^
A. J. DAVIDSON,
The tonnage capacity of freight cars at June 30th, 1904,
588,909 tons, as against 559.836 tons for the preceding
was
President,
year, showing an increase of 5 per cent.
per freight car was 27-16 tons, as
The average capacity
compared with 26-89 tons for preceding year, bemg an inD.— SUMMARY OF FINANCIAL CHANGES PROM JUNE 30TH,
crease of 1 per cent.
The miles of road per engine at June 30, 1904, was 5'77, as
1903, TO JUNE 30rH, 1904.
against 6-27 for the preceding year.
Resources to Be Accodntbd For—
The miles of road per passenger tram car was 10'14, as
Decrease of Assets
against 950 for the preceding year.
$231,027 16
Stocks and Bonds owned
The number of freight cars per mile of road was 5-14, as
Mlsslxelppl Valley Trust Co. for deagainst 5-12 for preceding year.
posit by Special Master in ChanSee table Q, giving description of all equipment owned.
582 14
cery for Kan. Midi. Ry. (see contra)
388,440 90
Cash In Treasury
99,001 74
Due from Agents and CoDdnctors ...
TRAFFIC.
209.399 48
Due from Companies and Individuals
309,519 67
Unadjusted Open Accounts (Balance)
Freight.
Advances Account Roads under Con1,858,029 34
struction
A comparison of tonnage handled during the fiscal year,
with results for preceding year, is as follows:
$3,096,000 43
Total Decrease of Assets.
Inc. or D<e.
1903
1904.
11.114,4171 10.049.931-3 ^- 1.064.485-8 Increase of LiabilitiesTonnage
$13,222,108 71
1.923,003,602 1,749,596,697 /. 173,406,90.5
Funded Debt
Ton Mileage
i>. 1-08
17409
173 01
Guaranteed Preferred Stock, St. L.
Average Haul. Miles
40,200 00
8. P. &N. O. RR
Tonnage Deu6ity per Mile
_„„ ^,
D. 200 25
4,760-51
4.560-26
Funded Debt and Equipment Notes,
or Road
D. fO 0419
*1-7313
$16894
1,509,40000
KCFS.&M.Ry
Average Rate per ton
$000995 D. .*00001i»
1 84,000 00
«000976
Averag- Rate per ton Mile
Caplt i\ Stock Auxiliary Companies.
/. -57
15-27
15-84
173,000 00
Funded Debt Auxiliaiy Companies..
Load per Car, tons
Preferrtd Stock Trust Certidcates,
Load per Car, Including
/ -77
17-34
18-11
30,00000
Company freight, tons...
O. & E. L RR.
Looomotlvea
Passenger Train Cars
Freight Train Cars
2474
ou
^ bu
7
-
Traiu-Load, tons
Train Load, Including Company freight, tons
Freight Train Mileage ....
Loaded Car Mileage
Empty Car Mileage
20043
19501
I.
6-42
Common
229-18
221-39
8,971,879
114,568,145
57,919,552
/.
7 -79
Equipment Notes Outstanding
Five per oent Notts, due Apr 30,
9,.'S94,431
12l,4<-8.470
60.891,406
/.
622,552
6,840,.325
2,971,854
Pabsknoer.
of the pa-ssenger bnsineas handled during
the fiscal year, with results for preceding year, is as follows:
A comparison
1904,
4.930,585
354,4S4,036
51-61
Average Mll«s ppr Passenger.
$1 -2 1 33
Average rate per Passenger
$002351
Aver, rate per Paos. ptr Mile...
Number
of Passengers
Passengers curried 1 Mlla
1903.
4,181,637
214,314,007
51 25
$1-1682
$008279
4:h0,589
363,690
78.896.462
4,4»9,»96
Number of local Pass, carried.
Local Passengers carried lMlle.175 587,574
0,665,480
Passenger Train MUeage
6S.8< 3,533
Numbar throuKh
Pass, carried.
Through Pass, carrlen
1
Mile...
.
3,817 947
145,470,474
5,880,438
Intreane-
748.948
40,170.029
036
$0
04.^1
$000072
66.899
10,0r2,929
682.049
30,117,100
784,992
O.
&
E.
Stock Trust Certificates,
I.
RR
'05
Deferred Payments, O. & C. C. Ry....
Deferred Payments, A. V. & W. Ry..
Notes Pav able
Audited Vouchers and Payliolls
Due to Railroad Companies account
TralHo
Interest on Bonds Matured
Interest on Bonds, Accrued (not due)
Taxts, Accrued (not due)..
Sinking Funds. Accrued
384.00000
56
00
00
00
475,000 00
970,256 08
1.52o,677
3,500 000
1.9«0,000
3,600,000
89.595 61
150,354 10
7,«'07 91
56,754 02
113,707 85
28,006,661 84
Total Increase of Liabilities
and Loss —
Id crease of Profit
Balance at Credit
Balance at Credit
Grand Total
June
June
30, 1904
30, 1903
to be accounted for
$4,038,749 54
3.909,226 39
129,523 15
$31,232,185 42
;
THE CHRONICLE.
1970
This Sum i-* Accouxteij for as Follows
iDcreoHeof Anaeta —
FrunoUlsea and Property
$15,113,473 02
IjcitHHliola Ka ate (The K. C. F. 8. <fc
„M. Kyt
837.19117
FruuclilHes aad Property Auxiliary
Couipautos.
..
390,126 58
C. & K. I. RK. Co., Preferred eJtoolL—
C.Ktof
34.000 00
C. & E. I. RR. Co., Coiuiuon Stock—
Coftof...
___
578,737 13
a.-STATEMEXT OP BOLLUTO STOCK. SHOWING THE "^'^'^ERDIFFER
ENT CLAB8E8 AS OF JUNE 30, 1901
:
New Equipment
purchased
Ownrd
Ju?u
Detcriplion.
Treasury-Cost of
TrusteeK Sinning Fund Accounts
Siiihlnjj Funds
573 202 40
10
70,265 08
59,874 61
Bridge Co.)
S.
&. M. R.v. Co.)
6.
7
9
8
7
23
"iTi
246
90
230
55
9.902
736
251
19
10
10.014
966
8.172
Flat
665
308
169
108
727
Caboose
5,277 65
Fruit (Freight)
Refrigerator
Furniture
Powder
Coke
2,785,292 69
876
8,678
861
317
162
94
718
7
14
9
3
68
Total Freight Oars
for
24
9
2
8
2
387
^tocfc
48,878 85
Grand Total Accounted
19
6S
1
!!!
!
go«J
Total Decrease Of Liabilities
19
26
7
19
!«*:-
565,073 11
F
1
4
Fheioht Cabs—
Rv."&
Laad Income Account (The K.
95
71
61
22
65
.'.'..'.'.'.'.
Fruit (Passenger)
16,314 61
A M.
731
7
""
Dining
Observation Cafe.!!""!!"'!"
Total Passenger Cars
Interest
•24
5
6
19
25
Mall
$582 14
2,149.136 30
Kansas City Oaceula & Southern Ry.
(K. C.
on—
Olliclal
$28,446,892 73
Due Companies and Individuals
22
Coach and Baggage.
Coach and Mali
Coach. Mall and Ba»?gage
Bag>ca>,'e. Mall and Express..
Baggage and Express
Mad and Baggage
Decrease of Liabilities—
FuQd
Impiovement Fund
78
70
55
First Class...
7,69;','3S7
Soeolal Master, Kansas Midland Ry.
(see contra)
Defernd Payments. O. O. & W. Ry""
169
Second Class.
Chair
Ooniblnat
81,374 13
30,102 35
Totallncrease of Assets
586
Couches
1,214,06270
Supplleson Hand
Changed, Dettroyed Owiud
Huitl and
una
JuneZO,
I'uichastd. Ohunged. IbOi,'
PA8SENOKE OaKS-
1,464,790 46
aecuritl.-B In
30,
1903.
Locomotives
under
Equipment Tusts
•..
Cash in Trust Cos. for Coupona and
Sinking Funds
...
Due Irom nR. Cos. Account Traffic ..
Due from U. S Government.
[Vol. Liiix.
21,129
$31,232,185 42
1,211
3
68
661
21,679
Miscellaneous Cabs—
Derrick
P.—CLASSIFICATION OF FREIGHT TONNAGE OF THE SYS
TEM FOR YEAR ENDED JUNE 30TH, 1904, AND
COMPARISON WITH PREVIOUS YEAR.
-1904.P. O. of
1903.
Service
Ballast
Cinder..
Rail Loader
481,439-5
124.546-4
206,561-9
385,641-9
108,978-9
Wheat
Other Grain
_;."
!"
"*
...:
Tou'age
'"^^
Steam Wrecker
Ballast Unloader
Total, Grain
701,182 7
^.k'^i^V,, »-V
Other Mill Products
300.358-2
123,667-7
205,065-7
-:
Hay
Tobacco
169.925-0
andVegetaMes
Total Prod.of Agriculture
1,776,4681
16-98
1,989,938-5
Pbodccts or Animals—
Live Stock
*"
"
Dressed Meats
her Pack. HouseProducts
Poultry, Game and Fish
'
O
Wool
Hides and Leather
Total Productsof Animals
434,088-2
J»36 3
398,647-6
140,3620
Total Products of Mines.
Pboducts of the FobkstLumber
0549
4,782,048 2
3,518.540-6
101.-80-7
198 446-2
iy».44H i
316,340-6
43-03
4,135,1208 1
41 15
Oils..
Sugar
and Bloom
15-91
102.078-5
63,309 6
1,379,926-3
1373
70.182-8
44.169 4
178.424-8
95.109 1
110,310-7
81,731-4
41.1, 317-6
l.'>4,.«08-7
Iron and Steel Ralls
47 686 5
Other Oa8ling.^ and Maoh ry
Bar and Sheet Metal
106,65-2-8
Cera e it. Brick and Lime...
533.(i96-l
Implements...
Wagons. Carriaires,Tools,etc
Wine, Liquor and Beer ,..
Hou.sehold Goods and Furniture
modiiies
not
58,440-0
22.125-5
62.682 8
39,187-7
696
22.641
1,447
720
£3,372
which weie scrapped
o.
rf
RR.
E. I,
Co.
Total
Total Net Income
^
0,023,59192 3,578,15128 13,601,743 20
iLtereston Funded Debt
and Equipment Notes
4,326,414 05 1,356,778 10
Rental of Leased Lines
(K. C. F. 8. <kM. Ry.)... 2,831.891 19
Taxes ..
2 '0,500 00
464,799 84
Rental of Tracks and
Tei mluals
93,613 15
225,654 95
Extraordinary Expense
Ac-ct Flood June, 1904.
61,815 06
Dividends Nos. 4, 5, 6 and
7onf'ref and 3 and 4 on
964,702 00
5,683,192 15
2,931,891 19
715,299 94
319,268 10
61,815 06
964,702 00
Total interest and other
charges
8/743,235 29 1,S32,£33 05 10,576,168 34
Surplus— applicable to dlvidends
1,280,356 63 1,745,218 23
,025,574 86
33.148-5
33,372-5
77,135 8
Com-
11-55
1,162,4584
11 57
537,1330 04-83
474,074-5
04-72
356,268-4
03-54
370,408-2
Total Tonnage, excluBhe of
Company's Bus.ness
11,114,4171
Company's Business
1,273
22.645
4,216-87
Com.Sti>ckTruetCertltt& E I. RR. Co.
2,560,527-7
0333
of which the following
dividends wtre paid:
c. each on Ist and 2d
Pref. St ck. $199,742 12
4 p
mentioned
above
546
75159
4,968 46
Operating Ratio
66 02
62 80
65-2^
Gross Earnings from Oper$
$
$
„a'io°
26,896.7.11 C 9 8,664,042 80 35.560 774 09
^
Operating Expenses
17.756,251 99 5,441,433 47 23,197,685 46
Net Earnings from Opera9,140,479 30 3,222,609 33 12,363,088 63
^^^°
Miscellaneous Income
39,660 69
355,51195
395,202 64
Dividends on C. & E. I.
RR. Co. Stock
823,418 00
823,418 00
L nd Departm't Receipts
20,033 93
20,t33 93
cated, C.
23.5.'S5 8
93,030-1
1,283,398-3
Mero'iandise
other
2
12
Out
Total Manufactures
Mli'oellaneous,
. .
.
1,768,092-4
Mandfactubhs-
Agri<iiiltur«l
5
\
Bituminous Coal
4,015,482-9
Coke
140,491-5
Ores
182,241-9
Stone. Sand and other Uke
Articles
443,831 9
Iron. Pi»f
15
1
1
L <t s F.
RR. System.
Average Mileage
3,848-9
552,057-1
4
1980 STATEMENT OF GENERAL INCOME ACCOUNT
OF THE
LOUIS & SAN FRANCISCO RR. SYSTEM, INCLUDING STTHE CHICAGO & EASTERN ILLINOIS RR. CO.,
For thb Fiscal Yeab Ended Jcnb 30rH, 1904.
Pboducts of Minks-
Pe roleum and other
l
8t.
0537
"i
2
* Includes 12 K. C. F.
S. & M. Ry. Engines
before road was Leased to this Company,
9,260 4
432-5
596,868-9
262
21a
22,059
139. 867-7
15,-81-5
917-7
4,783 2
1
643
Total Cars
153,566-8
132,080-2
133,690-7
4
3
!."!!!!!!!!!
Grand Total Eng nes and Cars.
i6vb"-8
144.1981
Cotton Seed (felts Products-
2
11
1
!!!!!!
Total Miscellaneous Cars
287,002-7
123,504-3
201,906 8
380
Cotton
Fruit
926,369-9
4
5
10
6
2
262
223
Ditcher
Ions.
11
8
8
2
5
Distributing
Tool
8
7
5
10
!!!!
!!!!!!!'
GasTanks
,
Proddcts of Agbicdltoek—
Com
!
Boarding
Waier
320,3840
Tonnage.
Tons.
7
6
4
!!!!!"
Pteam Shovel
P. O. of
Total
V,tal
2.000 Pounds One Ton.
Pi.e Driver
& *()40,000rei»pe(«tively
Cp.c ouC
E.
RR Co.
<fe
839,742 12
$577,424 respectively
987,266 00
987.266 00
839,742 12
9S7 266 00
1,827.008 12
440,614Tl
757,952 23
1,198.563 74
priated for betterments
16,718 63
4C0,121 02
416,839 85
Surplus carried to oredit of
Prolit and Loss
423,895 68
357,831 21
781,726 89
10000 10,049,931-3 10000
Total Dividends
18-72
Tonnage, including
Cumpanys Business
13,674,944-8
Average Mileage Operated 1904,
2,190,7018
Total
1903,
1790
839,742 12
I.
Pref. and 8 p. c. on Cora.
Stock,
$400,842 and
Balance
Out of which was appro12,240,633 1
4.216-87
3,675-23
.
Oct.
THE CHRONICLE.
1904.]
2!»,
1971
STATEMENT OF GENERAL PROFIT AND LOSS ACCOUNT OP THE ST. LOUIS & SAN FRANCISCO RR. SYSTEM,
INJLUBING THE CHICAGO & EASTERN ILLINOIS RR. CO., AND ADJUSTMENTS
THEREIN, JUNE 30TH, 1903, TO JUNE 30X11, 1904.
L.
8t.
MR
(C-
0.t6E I.
RB. Vo.
S. F.
Syslem.
St. L.
$
Bilanoeatoredlt June30,1903.3,909,226 39 2,713,472 35 6, 622,693 74
Surplus for the year ended
June 30, 1904, as per Income ^„„„-, .„
423,895 63 357,831 21 781,726 89
Account
Adjustment of Sinking Fund
9.200 00
9,200 00
for year 1902
Accounts
Unpaid vouchers and pay-rolls
4,885 33
4,885 33
-written off
Miscellaneous accounts closed
out.
B. E.
&
756 52
756 52
-
Net Earnings
of operation of
W. RR. received
S.
from the Bes Line ConstrucCo. for two months
ended Feb. 28, 1903
Balance of Land Income Account K. C F. S. & M. Rj. at
June30, 1903
Difference between discount on
bonds sold and stock and
bonds exchanged during the
flocal year ended June 30,
tion
414 30
414 30
48.878 85
48,878 85
Debit—
Instalment from Franchises
and Property Account on account of dlflFerent-e between
the coat of Underlying Bonds
refunded and the pro eeds
of the Refunilng Bonds sold
and the commission paid
15,119 26
15,119 26
S. F.
0.
<£ F.. I.
RR.
f
Total
Co.
$
250,000 00
250,000 00
22,57199
therefor
22,571 99
Expenses engraving, recording and certifying bondw and
stocks Issued during the fiscal year and legal services
In connection therewith
Taxes fo r thP year 1903 on land
In New Mexico and Arizona.
Deficit In operation of the O &
C C. Ry. at June 30, 1903..
Amount paid for Franchise,
Maps,etc, of Oklahoma City
& Southeastern RR. Co
Amount expended
1904...
a
RR. Syttem.
f
Total.
9,734 88
56,871 49
14,437 95
14,437 95
20,010 48
20,010 48
for sundry
surveys and option on depot
-.
grounds
Discount on $418,000 C. & W.
I. RR. Consolidated Mort.
Bonds received through C.
& W. I. Refunding Sinking
Fund
9,734 88
56,871 49
41,800 00
41,900,00
sold at 9096
41,800 00 415 426 79
373,626 79
4,038,749 54 3,029,503 56 7,068.253 10
Total Debit
Balance
4.412,376 33 3.071,303 56 7,483,679 89
4,412,376 33 3,071,303 56 7.4-^3,679 89
Total Credit
Bal'ce at Credit June 30, 1904.4,038,749 54 3,029,503 56 7,068.253 10
CONDENSED GENERAL BALANCE SHEET, INCLUDING THE CHICAGO & EASTERN ILLINOIS
St.
L.
£
8.
F.
RB.^Oompany.
$
ASSETS-
O.
cC if. /.
RR
Co.
*
Liabilities-
$
Total Franchises and Property.. 140,617,091 42,210,205 182 ,827,296
Leasehold Estate (The K. C. F. 8.
64, 529,265
64,529,265
AM. Ry.)
Franchises and Property, Auxil33, 600,660
iary Companies
33,600,660
C & E. I. RR. Co. Preferred Stock,
Costof
6,291,550
6, ,291,550
C.
&E.
E.
I.
RR,Co.Common
Stock,
Costof
New Equipment
18,239,237
18, ,239,237
5,242,708
200,000
fr
m
2,029,974
1,093,546
535,487
1,559,788
1,629,033
232,670
415,005
2,316,079
165,884
2,178,746
195,764
13,164,661
2,122,744
27,298
723,243
4,438,823
193,182
2,901,989
195.764
14,164,661
1,160,839
l,5.'i9,7«8
Indi-
Government
Supplies on hand
Una 'justed Open Accounts (bal.)
D.
869,435
182,335
Companies and
8.
Securities in Tre«sury, Cost of.
Other
O.
RR
Investments, Including
Terminal Grounds and Buildings In Chicago
Advances Account Roads under
CoDBtructlon
1,000,000
1,228,650
1,228,650
306,888
Total Cuhbknt assets
22,324,229 6,739,527 29,063,756
Trustees Sinking Fund Accounts..
1,160.574
1,160.574
Slnhlnif Funds
204,719
901,547
696,828
Old Colony Trust Co. Improvement
Fund
100,000
100,000
40,200
40,200
13,510.000
15,000.000
36,572,510
13,510,000
Preferred Certificates
*15,O0O0OO
Funded Debt and Equip. Notes
.
36,572,510
on LeaeeholdEst (theKC.F.S.&M.Ry.) 65,082,510
Capital Stock, Anxiliarv
Funded Debt, Auxiliary
Co
Co
's*....
'st....
C.
<fe
E. I
RR
18,044.500
8,114,484
2,547,636
200,000
200,000
291
(see contra)
Notes, due Apr. 30, 1906
& C.C.
...
291
3,500,000
3,500,000
Ry.
1,980,000
1,980,000
Deferred Payments— A. V. &W.Ry.
3,600,000
3,600,000
Current LiabilitiesNotes Payable
Audited Vouchers and Pay Rolls
2,690,000
4,335,0 '5
Deferred Payments— O.
Due to
Due to
and Individuals
Co's Account Traffic.
Dividends due and uncalled for
Interest on Bonds Matured
Int. on Bonds, Accrued (not due).
Taxes, Accrued (not due)
'o 's
RR
.
Improvement Fund (K.C.& M.Ry.
&BrldgeCo.)
Total Liadilities
Profit
and Loss
Total
650,000
985, igs
52,897
3,340,000
5,:-i20,*223
"4 63", 8 38
900,433
238.073
463,838
944,874
219,1-9
35,505
343,786
31,785
1,675.905
1 288,660
250,915
10,915,037
2,503,010
13,478,047
847..'i36
238,073
1,640,400
l.'Sei.ftSS
1,264,988
5,188
1,909
5.188
4,909
12,812
12,812
288,471,576 46,617,056 335,088,632
4,038,750
3,029,504
7,068,253
292,510.326 49.646,559 342,166,885
,
Tot^l mileage at June 30, 1904. St Louis & San Franrlsco RR System
Total mileage at June 30, 1904, Chicago & Eastern Illinois RR
Grand Total
Companv.
tie Funded Debt
6,287,550
18,044.500
5,566,848
Certificates,
Equipment Notes Outstanding
Refunding Morttiage 4% Bonds,
Northwest. Dlv. Improvement
and Equip. Fund (see contra)...
Special Master Kans. Midland Ry.
p. c.
33,662,620
6,287,550
Common Stock Trust
C. &E. LRR
Total Cdrbent Liabilities
292,M0,326 49,646,559 342,156,835
65,082,510
14,382,700
19,279,920
14,382,700
19,279,920
Total Capital Stock and Bonds,
Auxiliary Companies
33,662,620
Preferred Stock Trust Certificates,
Sinking Funds, Accrued
K. C. usceola&So. Ry. Int. Fund.
Insurance Fund
AH owned by
5,000.000 6,830,700 11,830,700
16,000.000
16 OOO,' 00
29,000.000 7,217,800 36,217,800
88,309.034 27,453,000 115,762,034
Total Capital Stock and Bonds.l 38,349,234 41,501,500 179,850,734
5
306,888
Total Assrts
Total.
Tot. Outstand. Secur.
rattle
viduals
Due from
291
30, 1904.
Outstand Securities on Leasehold
Estate (theK.C.F.S. &M. Ry.)—
Stocks-
200,000
291
Cu-rent AssetsCash In Treasury
Cash in Trust Companies for
Coupons and Sinking Funds...
Due from Agents & Coniuctors.
Due from Railroad Companies
Due
& N.
Common
Special Master In Chancery for
Kansas Mldlany Ry. (see contra)
1
Funded Debt
Guaranteed Preferred Stock,
In
Trust with Continental Trust Co.
of New York (see contra)
Miss. Val. Trust Co. for depo.»lt by
Account
Common
5, ,242,708
purchased under
Equipment Trusts
Refunding Mortgage 4% Bonds
Capital StockFirst Preferred
Second Preferred
St. L. S. F.
AT JUNE
St.L.aS.F. 0.<£E.I.
RB. Company. RR. Co.
$
$
Total.
137,535.073 42,210,205 179,745.278
3,082,019
3,082,019
Franchises ana Property
Stocks and Bonds Owned
RR. CO.,
..
...4,349 35 miles.
75800 miles.
...
B,107c5 miles.
this
t %2,920,.')00 )f
of the Auxiliary Companies is owned by this companv. of whloli $2,1 82.000 Is deposited under the Refunding Mortgage; and $339,500 under the K. C. F. S. & M. Ry. Co. refunding mortgage, and $339,000 under tlic Trust Mortgage of 1887.
.
1
!
THK CHRONICLE.
97 J
(Vol. LXiix.
COTTON.
Friday Niqht, October
COMMERCIAL EPITOME
Friday Nioht. Oatober
The etrained
28.
1«04.
relations between Russia and
political
The Movement of the Cbop
Eog
land, reenlting from the JNortb Sea incident, have had a
disturbing inflnence dnring the past week, particularly in
28, 1904.
as Indicated by onr telegrams
from the South to-night Is given below. For the week ending
evening the total receipts have reached 3^31S bales,
against 893,0i9 bales last week and :384,830 bales the prevlone
this
wftfth:, mnkiug the total ffoelpte sinoe the Ist of Sept., 1904,
2,617,2C9 bales, against 1,979,581 bales for the same period of
1903, showing an increase since Sect. 1, 1904, of 667,028 bales.
the epeculative markets. The present indications, however,
tUceipU at—
Sal.
Mon.
Tu—.
Wtd. Tkurt.
Iri.
Total.
favor an amicable settlement of the eitaation. The close
approach of the Presidential election and increasing activity Ualveaton..
17,8Bt| 81,291 11,602 16,688 17,839 109,022
13,803|
Pt.Arthiir,4c
1.217
1.117
of the campaign also is having temporarily a qaieting inIf ew Orleans.
18,526 13,260 26,648, 26,647 10.712 10,538 100.281
flnence in some lines of bnsiness. In the pig-iron market
Mobile
1,334
3,124
3,113 2,763
1,204 8,172 14,715
advancing prices have continued to be reported, and a fairly Pensaoola, Ao 9.336
679
60 10,065
full volume of bnsinees has been transacted, largely for Savannah
12,136 13.187 23,602 12,743 14,605 14,732 91,005
Bnmsw'k, (Stc
2,560
2,660
delivery during the first quarter of 1905. Tne optimistic view
Uharleaton ....
2,878
2,611
1,611 1,546 1,342 3,362 12.850
of the future outlook for business continues general, and Is
Pt. Royal, <fce.
26
25
shown by the increasing wllllagness by merchants to con- WllmlnKton.... 4,522 4.443 8,265 2,597 2,817 8,175 20,814
tract against prospective requirements.
Wash'ton.Aio.
18
18
Lard on the spot was offered at lower prices early in the Norfolfc
4,531
6,937 6,389, 4,704 4,729
4,688 81,048
379
S79
week. Subsequently, however, demand improved and part N'p't News, Ao.
Ne\T York.
727
727
of the decline was recovered. The close was weaker at 7 550.
Boston
130
31
161
for prime Western and 7'25c. for prime Oity. Refined lard Baltimore.
1.886
1,886
has had only a limited sale, and prices have followed the Phlladelp'a,*o
26
103
72
SCO
course of the market for the raw product, closing at 7'80c.
for refined for the Continent. Speculation in lard for future rot, this week. 61,866l 60,55ll 96.688 61.670 62,042 63,861 896,818
delivery has been moderately active. Manipulation by packThe following shows the week's total receipts, the total siuoe
ers depressed prices early in the week, but toward the close, Septt
1, 1904, and the stocks to-night, compared wilh last year.
owing to a stronger market for corn, part of the loss was re1904.
1903.
Stock.
covered. The close was easier.
Receipts to
DAILY OLcania pbiobs or labd warmna
ohioaoo.
TKU Since 8ep.\ ThU Since Sep.
Oct. 28
1904.
1908.
8at.
Hon.
Wed.
Thurt.
Tun.
WH.
week.
week.
1, 1904.
1, 1903.
\
;
1
m
Oct. del'y
7-30
710
730
7-27i«
717i« 7-05
7-35
710
7 07>«
7-17i«
7-35
7-85
Mayael'y
I'Xl^
725
715
Pork has had a fair jobbing sale and the close was steady
at |12 50@12 75 for mess, |I5 00@16 50 for short clear and
$15 00@15 50 for family. Cut meats have been quiet and
there has been an easier drift to values, closing at 7J^c. for
pickled shonWers, ^%@\{)q. for pickled hams and 8^(3 9^c.
for pickled bellies, 14@10 lbs. average. Beef has haa a fair
sale
at
steady
prices,
closing
at
for
$8 50@9 00
mess,
for
packet, |11 for family and $15 00@
|10
16 00 for extra India mess in tcs.
Tallow has sold
at lower prices, closing at 43^c. Stearinea have had a fair
sale, closing steady at 8J^@8J^c. for lard stearine and 7^c
for oleo stearine. Cotton-seed oil has been quiet and easier,
closing at 26^5^® 27c. for prime yellow. Butter has been In
light supply and firmer for choice grades, closing at 18@22o.
for creamery. Cheese has been quiet and unchanged at l}i@
10c. for State factory, full cream.
Fresh eggs have been in
fair demand and firm at 28i^@24c. for best Western.
Brazil grades of coffee were quiet and easier early in the
week, but at the close were in more active demand and
steadier, closing at 8>^c. for Rio No. 7 and 8^c. for Santos
No. 4. West India growths have been quiet, but prices
Jan.del'y
have been unchanged at 93^o. for good Cucuta and \\}4c. for
good average Bagota. Ease India growths have been firm.
Speculation in the market for contracts has been quiet.
Early in the week, under sales against purchases of coffee
for shipment from Brazil and liquidation, prices declined,
but closed firmer following stronger European advices.
The following are the
Oct......
Nov
Deo
Raw
6 700.
6-700.
6 800.
1
closing asked prices:
Jan
March
May
sugars have had a
I
.^
5-90o.
7-05o.
7-25c.
i
I
June
July
Sept
T.S.So.
-.
7 40o.
7-65o.
but the close was quiet at
4J^c. for centrifugal, 96-deg. test, and S^^c. for mujcovodo,
86-deg. teet. Refined sugar has been more active and some refiners have advanced prices, closing at 4'85@4'95c. for granulated.
Teas have been fairly active and firm. Pepper has
been firm.
A firm market has been reported for Kentucky tobacco.
Locally business has been quiet, but advices from the interior
report fairly active trading.
Seed-leaf tobacco has been
quiet, no sales of Importance being reported, but offerings
have been limited and prices have been well maintained.
Sumatra tobacco has continued to meet with a fair sale at
firm prices. Havana tobacco has been firm but quiet.
A fair business has been transacted in Straits tin. Offerings have been only moderate, and prices have advanced,
closing at 28^@29i^c. Ingot copper has been in fair export
demand and firmer, closing at 13i^@13^^c. for Lake
and 18%@13i^c. for eleotrolytlc.
Laad hits advanced,
closing tirm at 4 40(g 4:45c
Spelter has been held at
higher prices, closing at 5*35@5'40c. Pig iron bas been in
fair demand and firmer, closiDg at $14 75 for No. 2 Northern
and $15 75 for No. 2 Southern.
Refined petroleum for export has been firm, closing at
7*95c. In bble., 10 65c. In cases and 5'06c. In bulk. Naphtha has
been steady at llj^c. for 71 degrees and 12c. for 76 degrees.
Credit balances have been firm, closing at l'58o. Spirits turpentine has been dull,clo8lng flat at 64^c.@55)^c. Rosins have
been in light supply for low grades, closing firm ; at 2'87i.^c.
®2-90o. for common and good strained. Hops have been In
fair demand at advancing prices.
Wool has been less active,
but prices have been firm.
Galveston.
109.022
Ft Ar.,&o.
1,217
New OrleanB 100.281
891.634 145,364
9,066
3,327
483,495 92,771
81,997 16,436
25,328
7,722
646,225 64.174
38,682
7,368
108,912 13,562
118
19
151,036 24,189
»t
26
200,538 23,200
1,403
162
727
50
670
51
378
3.438
849
l&O
661.946
187,319
174,911
8,699
361,511
73,277
20.726
203,847
40,S65
146,698
32,201
486.830
28,135
82,233
147,342
4,875
23,799
100.723
7,998
18,888
18,602
32.177
19,688
12.931
1,941
1,462
1,203
1.659
71,574
1,791
2,897
6,164
80,905
15.000
6,773
8.364
396,318 8,647,209 398,962' 1,979,681
727,793'
625,069
Mobile
14,715
P'saoolo, Ac. 10,065
Savannah... 91,005
Br'wlok, *o.
2,560
Oharleston.. 12,850
25
P. Boyal, Ac.
WUmington. 20,814
Wash'n, Ac.
13
Norfolk
31,048
N'portN.,<to
279
New York...
727
161
Boston
Baltimore...
1,886
Phlladel.&o
200
Totals
600
157,187
172
140,914
),?36
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons,
BeceipU at—
Galves'n, Ac.
New
Orleans
MobUe
Savannah...
Ohas'ton, &o.
Wllm'ton Ac
Norfolk
N. News, *o.
1904.
1901.
1902.
1903.
110,239
100.231
14,715
91.005
12,875
20,827
31,048
148,691
92.771
16,438
64,174
13,681
24,215
23,200
94,373
93.960
11,170
47,322
13,236
14.316
16,548
1900.
113.611
120,976
9,893
70,642
10,996
12,296
33,048
79.769
59,636
406,290 3o0,453
234,990
279
162
204
634
All others...
15,099
15,722
13,604
86,794
wk.
396,318
398.962
304,731
fair sale,
TolE.
this
1899.
103,950
10a,394
6,907
36,373
11.245
e.700
18,354
2,425
21,105
7,935
89,033
8,223
13,372
18,823
381
13.315
Slnoe Sept. 1 2647,209 1979,581 2256,97b 2057.112 2220 683 2025.787
The exports for the week ending this evening reach a total
of 3(3,913 bales, of which 92,460 were to Great Britain, 53,032
to France and 159,421 to the rest of the Continent.
Below
are the exports for the we 3k and sinoe Sept. 1, 1904.
Week fndino
from—
Great
e^anee
Brit'n.
from aepu
1.
1901. u, Oct. iS. 1904
Export eti
2otal
Greot
Week.
Britain.
au.lM
68,)i67
387.168 100.09;
93.713
119.711
10,060
62,681
82,268
13,633
11,780
70.693
3.726
29,644
6,281
866,276
France
1
PUArthur. Ac.
(4ew OrleaDf..
30,823
Mobile
P«n(aool», Ac.
11?
—
dmniwlok —
28,093
I
4aTaiuiali„
Chariaiton
Port Royal....
W^UmlnRton...
Norfolk.
H'port N..
Ac
New York
Boiton
lalttmora
Philadelphia..
4an Fran.. Ao_
Total
—
to
Continent.
I
CotUinent.
Total
6.983
6i3.8B7
6.734
284.003
23.683
21.-08
I
8.726
I
26,433
e.9j3
186.09?
e,73i
20,771
'.ialyeston
Oct. 2s, 1001.
BvporUd Ui—
Export*
5.21B'
9.083
6,618' 48.842, 67.861
28,160
1?,073
21,900
19,011
33.911
81,878
12,073
61,378
3.66*
06,163
1.0-2
86b.639
22,150
81,373
7,168
3.000
1,803
l,'81j 11,016
108,042
198
23S'
481
3.000
5,200
1.617
700
1,600
1.617
02.160
Total. 1003.... 172.718
0,189
36.172
82,809
13,661
I
700
64.639
178.; 03
7.3B6
87.120
S),909
202
0,190
130,203
0.388
e.899
918
8.800
f.SOO
3.000
600
13,898
10,233
8,800
10.838
62.032 169 12 i 803.913
001.116 20
S04
660.H1P 1.773,838
14.400
68«t.S70 168 6i?4
6<e.716 1.87H.03 a
7.<).677
960.900
—
as
.
.
«
e
'
1
THE CHRONICLE.
Oct. 29, 1904.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
Futures,
1973
—Highest, lowest and closing prices at New York.
We
ON SHIPBOARD, KOT CLEARED FOB—
Oct.
Leaving
28 at-
OerOther OoastGreat
„
Britain ^^^'^ tnany. For'gn wise.
I
Total.
9(0
I
New
Orleans.
OalvoBton.. ..
Bayannah..
..
Obarleston...
Mobile
Norfolk
New York
Other ports
17,145 15,706 13,49« 11,501
48,217 22,997 27,266 15,426
2,814 5,000
26,526
2,600
i'ooo
6,000
.
1,800
9,000
SOO
598
2,965
4,200
1.609
1,600
1,100
800
1,000
7,000
2,000
iMMM!
I
$toek.
,
58,445
118,870
38,540
1,609
12,400
3,600
3,100
14,000
I
I
•:
0,449
108,802
22,190
28,485
16.098
68,474
19,329
Total 1904.. 106,888 39,003 53,374 37,327 12,072 248,564
60.994179,872 101,976 39,215 18.836 300,893
67.583 16,532 46.736 21.542 16,697 169,090
•
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324,176
469,886
Speculation in cotton for future delivery has been moder"
ately active. The tone of the market has been unsettled and
for the week prices show only slight changes. Early in the
week there was a moderate upturn to prices. Reports of
killing frosts in some sections of the cotton belt started a
buying movement from local shorts to cover contracts.
Weather conditions in Texas also were reported unfavorable
for the crop and the market developed a better tone. Sub
eequently, however, the disturbed political relatiocs between
England and Russia as a result of the North Sea episode had
a bearish influence, It also was understood that the Liverpool market was inclined to give consideration to an estimate
of the American cotton crop of 12,000,000 bales, issued by
one interest, and this bad a weakening iifluence. The reports from the South have reported that, while planters were
steady sellers of cotton at ruling prices, they showed do disposition to force their supplies on the market, Spinners and exporters have been reported fair buyers, but they have not been
purchasing cotton aggressively, and in some instances are
reported holding off anticipating lower prices. To-day there
was a steadier market during the early trading, on the im-
GriQO
t
I
479,229
Total 1903..
Total 1903..
coo
00 CO
03 0)
I
145.402
I
(0(0
9
00
M»
I
9
00 00
Ota
ao WW
(0(0
aft
ao«:
03->)
om
proved European political situation and some buying by
o
*
o
shorts to cover contracts. During the day oHerings increased
(p
IS
00
6
eo
C4
en
slightly, prompted by a full " in sight" movement for the
CO
a
03
03
o
o
•*
•
a
9
a 19
9
9
a
week, and the market turned slightly easier. The close was
steady at 6@ 12 points r.igher for the day. Cotton on the spot
o
i2
II
II
I*?
'03
03
(O
o
has been easier, closing steady at 9 95c. for middling uplands.
«1
The rates on and off middling, as established Nov. 18, 1903,
The Visible Supply of Cotton to-night, as made up by
by the Revision Committee, at which grades other than
cable and telegraph, is as follows. Foreign stocks, as well
middling may be delivered on contract, are as follows.
all
Fair
0. 1-30 on
Good Middling Tinged o. Even as the afloat, are this week's returns, and consequently
Middling Fair
096 on Strict Middling Tinged.... 006 off foreign figures are brought down to Thursday evening.
0*62 on Middling Tinged
Strict Good Middling
012 off But to make the total the compl-ete figures for to-night
0*44 on Strict Low Mid. Tinged ...
Good Middling
34 off (Oct. 28), we add the Item of exports from the United States,
0-14 off Low Middling Tinged
Strict Low Middling
050 oft including in it the exports of Friday only.
0-38 off Strict Good Ord. Tinged
Low Middling
84 off
1903.
1901.
1904.
1903.
0-50 off
Strict Good Ordinary
72 off Middling Stained
.bales. 303,000
1-00 off Strict Low Mid. Stained... 1 06 oft Stock at uKtwpom.
156.000 249,000 159,000
ary,
Good Ordinary
15.000
17,000
11,000
7,000
Ml
1-50 off Stock at London. _.,...«__ ..^
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
.....-,
On this basis the official prices for a few of the grades for Stock at Manchester. ..^stock.' 12,000 11,000
Total Great Britain
330,000 184.000 260,000 166,000
the past week— Oct. 22 to Oct. 28 —would be as follows.
14 000
18.000
Stock at iiKmt>uig...M..^..^
33.000
33.000
64.000
Stock at Bremen .._ ........^ 126,000
75,000 109,000
UPLANDS.
Sat. mon Tues \ired Til. FrI.
4 000
3.000
4.000
5.000
Stock at Antwerp ........ ......
I
i
I
I
;
I
'
1
'
I
I
I
'
. .
.
8-95
9-57
Low
Middling..
Middling
Good Middling.
8-95
9-57
906
967
9-05
9'67
8-90
9-52
99.5
Good Ordinary.
9-95 10 05
1005
990
lu39 lo39 10 49
10-91 10-91 1101
Bflddllng Fair..
GULF.
9-20
Middling
Good Middling.
Middling Fair..
10 20
9-30
930
915
920
fl-82
9-30
n-82
9-9
9-92
9-77
9 82
1
Low Middling
Low Middling
10-74
11-26
1030 1016 1020
10-74
11-26
Mon Tues Wed
8-45
9-45
MMdllnR
^
lO-s^O 10-30
0-64
IU'64
11 16 11-16
Sat.
9-95
lo39
1091
raon Tues UTed Th. Frl.
Sat.
GK>od Ordinary.
Low Middling..
STAINED.
10-49 lo34
11 01 10 86
8-95
9-57
845
855
9-45
9-95
9-71
8-55
9-55
9-71
10-69 10-ti4
U-11 llltt
Th.
Frt.
8-40
8-45
9'45
9 40
9-56
961 961
961
995 9-95 10 05 1005 9-90 9-95
The quotations for middling upland at New York on
Oct. 28 for each of the past 32 years have been as follows.
Strict
Tinged...
Good Middling Tinged
1904. ...o. 9-95
1903
10 35
8-70
1903
1896....C. 716,8
1888. ...o. 913,8 1880....c.llii«
ll»4
1895
1887
911,8 1979
811,
9»4
1894
513,6 1886
1878
9^
1901
1893
83„ 1885
911,6 1877
8»ia
»»*
1900
Ill «
1892
1884
9^
1876
85,
738
1899
1891
lOBn
14^8
838
1883
1875
b^
1898
1890
101,8
1882.
1874
14'V,
1011,
15J4
1897
10>«
1881
H»8
1873
eha 1889
NOTH.—On Oct 1,1874, grades of cotton as quoted were changed.
According to the new classlllcatloa Middling was on that day quoted
*so. lower than Middling ot the old olaHBllicatlon.
im
,
i
MARKET AND
Spot Market
Olosbo.
Saturday
.
Monday
Tnesday
. .
FOTCRKS
Market
Closed.
Quiet, 10 pts. do B'rly steady.
B'rly steady.
Quiet. 10 pts. ad. •steady
Wednesday Quiet .. ...
8t*ady
Thursday.. Dull, 16 pts. do ,atet
fWday ..... Dull, 6 pts. adv. Steady
Total
SALES.
Bales of Spot
& Oontbact.
Ex-
Oon-
Con-
port.
$ump.
tract.
....
"25
63
27
65
180
Total.
8,600
3.^25
500
600
663
827
1,600
2,100
7,665
3,100
8.300
8,480
60,000
Stock at H»vrc..». ............
53,000
55,000
56.000
Stock at marsellles.... .......
2,000
2,000
3,000
2,000
Stock at Saroelona... .........
16,000
32,000
5,000
7,000
Stock at G^enoa...^ ...........
5,000
16,000
10,000
17,000
Stock at rrleste....... _.._..
7,300
3.000
9,000
8,000
Total Continental stooke.. 253,000
193,000 235,000 165,200
~
Total European stocks
583.000 377,000 495,000 331,300
20.000
16,000
India cotton Aiioailor iturope
17.000
8.000
Amer. cotton «floatlor B'rope. 772.000 678.000 701.000 842,000
47,000
57,000
33.000
BKypt, Brazll,d[o.,»flt.ror E'pe
37,000
Stock in Alexandria, K^ypt... 106.000
89.000 100000 117.000
173,000 137,000
Stock in Bombay, India....... 190,000 177.000
Stock In United 6tates porta.. 727,793 625,069 638 446 625.6.^3
497,784 625,130
Stock in U. 8. interior towns.. 488,779 300.667
United States ^xportsto-day.
76.762
63.366 105,612
42.811
Total visible supply
2.955.383 2,372,498 3,745,585 2,746,595
01 the abave, totals ol Amenoan and otber rteeorlpi ions are as follows:
Amsrtsan—
101,000
It 8,000
9,000
Jontlnental stocks. ...... .......
122,000 201.000 124,000
678,000 701.000 842.000
Imerlean afloat for Snrope..
625,069 638 446 625,6.'53
(Jul ted States stock.
.,
300,667 497.784 525,130
JnltedStatesinterlor stocks
105 012
63.355
11
75,762
42,8
TDltedstatesezporti to-day.
Total American
2,464,383 1,895.498 2,289,585 2,328,395
.
Jiaf< Indian, Brauil, ite.—
58,000
61.000
71,000
62,000
ulTcrpool Stock
7.000
11,000
15.000
17.000
LondOB stock
2,000
Manchester stock
2,000
'34,006
"4V,206
71,000
81 000
x>noinentai stocks.... ........
16.000
30,000
17,000
India afloat for Buxope . ....„
8,000
47.000
67,000
33.000
37,000
tgrvt, Braall, Ac, afloat.. ....
89 000 100.000 117.000
Stock In Alexandria, Egypt... 106,000
173 000 137.000
Stack In Bombay, India.. ...^ 190,000 177,000
Total Kast India, Ac
491,000 477.000 4M),0OO 423,200
,.,
l,89ri,498 2,289,685 2.3 23,395
Total American.......
*ii^l:?J^
Total Tiaibie sapply
2T955;383 2^372,498 2,745.^85 2,746,595
4-B4d.
5-74d.
Clddllng Upland, Llyerpool
5'33d.
8 -650.
IO6O0.
Kldming Upland, Rev York.,
995e.
5\d.
71, «d8^d.
gypt Qood Brown, Liverpool Nom'l.
639324.
6-90d.
9 OOd.
Pamr. Bough GK)od, Liverpool 1076d.
ulTerpool stock
balM.
Manchester stock.......
Sroach Ffae, LlvenKMl
rinnAvallT Good. Lnrerpooi...
251,000
10.000
172,000
773.000
727,793
488.779
5i»8d.
5»8d.
8.^,000
5Sid.
6i«d.
4^d.
4»32*-
43B3ad.
431,.„d.
t3g~ Continental imports past week have been 160,000 bales
figures for 1904 show an increase over last week
of 287.718 bales, again of 582,485 bales over 1808, an excess of
209,850 bales over 1902 and a gain of 208,788 bales over 1901.
The above
—
.
.
THK CHRONICLE
1971
At thk Interior Towns
week and
movement— that
the
is
tu
the shipments for tht
week and ttie stocks to-night, and the same items for the
corresponding period of 1903 ia set out in detail below.
receipts for the
since Sept.
1,
—
(Vol. Lxxix.
(-Quotations for Middling Cott'">n at Oiher Markets.—
Below are clo.'jing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
CLOBINO QUOTATIONS FOB MIDULIHO COTTOB
Week ending
October 28.
9'Sj«
^W
^5=2^ da-Ens g*
S-
-
•
2 2
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H
5?»
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taw
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k
C
•
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:
:
:
tfk
Uttle Rock..
p°i^yf'?'!f^i''i^^P'Pf
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-- CMtoTseoM WHw'-'Vibj-obsio'oj'y'-- CO -"booo''--'* wi-w
ifo
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i->
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01
1
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w
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I
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Columbus, Ga.
Columbus, Mlbs
.
-oioojyo^wi-'*'?
aoOXOOOtD(Xit3^C;-05»10>0>«<005-J^I^MO'tO
1^1
Atlanta
w
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if^
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coo>»cii'05^ibiOtoei50'to-a-j<»jxhStoo-l~ivi«i*-i-'X<J-j— fOT ifi.i
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bto'occ tOf-xos^'COOt'ii^w'acccoiocoaDto
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toaHiM^-<i*'_fF»«jf>.tctotC|f'
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MtOM^Wf-'i—i-iCX
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05
a»
The above totals show that the interior stocks have inereaaea during the week 66,5.9 bales, and are to-night 188,112
bales more than same period last year. The receipts at all the
towns have been 8,145 bales leas than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Oct. 28 and since Sept. 1 in the last two years are as follows.
We
1903.
1904.
October 28.
Si7ice
Sept. 1.
Week.
Week.
Since
Sept. 1.
Shipped—
'
via
Via
Via
Via
Via
Via
St. LoulB
Cairo
Roi k Island
11,320
11,2 3
3,164
2, 22
1.270
3,267
Total i^roBs overland
Dediut shipme>its—
Overland to N. T., Boston, &o..
interior
37,439
30,316
Louisville
Cincinnati
other routes, <&o
Between
o 1,277
6.789
6,534
2,'.75
301
7,641
4 4^5
21,7«5
745
4 598
17,274
21,5^5
551
3 2S7
4,118
16,267
1,4x5
108,112
20,452
62,992
i
5,684
139
681
5,338
632
48
660
7,816
2,4-
towns
Inland, Ac, from South
Total to be deducted
4iS3
3,294
.
6.065
404
11,475
Leaving total net overland'
27,022
Including movement by rail to Canada.
1,340
14,285
96.637
19,112
48.707
The foregoing shows that the week's net overland movement
this year has been 27,022 bales, against 49,7i 7 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 19, Hi bales.
1904.
In Sight and Spinnert'
Takings.
Week.
1903.
Since
Sept.
1.
Week.
Since
Sept 1.
Receipts at ports to Oct. 28
Net overland to Oct. 28
£96.318 2,e47,209 398.9.52 1.979,581
27.022
4P,70
96,t)3 7 19,112
Southern consumption Oct. 23... 42,000 317,0.-0 42.000 3/7,000
Total marketed.
......
Interior stocks In excess
Came into
465.340 3,060.846 460.064 2,3f>5.2-8
66,529 426,519 L0 983 289,065
sight during week. 531,869
Total In eight Oct. 28
Week—
1902
19011900
1899-
Nov.
Nov.
Nov.
76,289
345 149
1
2
3
2,644,353
65,315
2e4.*-53
into sight in previous years.
Bales.
Oct 31
Nashville.
^h
Shreveport
9»i«
Option Market.— The highest, lowest and
Oct. 21.
Since Sept.
443.591
537.940
1902- Oct 31
l?Cl-Nov. 1
1800- Nov. 2
1899-Nov. 3
453.6-'6
3:4,171
1
932-49 934--53
Oct. 27.
Oct. 2?.
Oct. 26.
946--67 9-37--53 9 45--48
Bale*.
3.217.573
2,fi05.Kia
3.160,104
2,9i.'i,6&5
1
Let. 28.
1
y34-
9-63
9-42--45
9-64--6b
9-35 53
9 37-38
93.'>-59
946--70 950--72 9 3^-57
9 47-58
9t4--55
9-69--70
950-51
9 44-45
9-56--57
9-43--fil
942-6'?
9-.';8--82
9-6Z--63
9-47--P8
9-53--£4
9-55--66
44-45
9-E4--79
9-78--79
76
9-S9--96
9-95--96
9-74--P9
9-74 --75
961--83
9 69--ei
9-68--69
9-60--81
9-84--10
9 8=- 87
9-72-92
9-83- 92
9-79--81
9-91-92
Easy.
Bteaay.
Easy.
Stbauy.
Steady.
9
Range
g-.^e-
9-58--59
9-58--82
9-7e--77
9-6&--88
6-69--70
9-71--90 9-80-01
9-87--88 10-0c;--07
Steady.
Steady.
9 44-47
t
59--60
Steady.
Bt«aay.
»-t0--4i*:
9-50
9-65-66
Firm.
telegraphic ad-
from the South this evening indicate that except in a
portion of the Southwest quite satisfactory weather for crop
vices
has prevailed during the week. In Texas rain has
been general and at some points the pncipitatioa has been
excessive. Picking has therefore made very good progress
where not interrupted by rain, and in some districts is stated
Temuerature has been lower as a
to be neiring completion.
rule, with frosts reported in many sections the early part of
the week and killing in a Lumber of localities.
Oalveaton, Texas.— It has rained en one day of the week,
the precipitation being seventy-two hundred'hs of an inch.
Average thermometer 71, highest 84, lowest 5S.
Abilene, Texas. There has been rain on two days of the
week, the rainfall being fifty hundredths of an inch. The
thermometer has averaged 59, the highest being 78 and the
lowest 40.
Brenham, Texas.— R&in on three days of the week, rainfall
being one inoh and forty-three hundredths. Tne thermom*
eter has averaged 69, ranging from 50 to 87.
Corpus Chrtsti, Teowis. — Rain has fallen heavily on two
days during the week, the precipitation reaching one inch
and seventy-two hundredths, The th rmometer has ranged
from 52 to 88, averaging 66,
Cuero, Texas.— It has rained heavily on two dcys of the
week, the rainfall reaching one inoh and six'y-two hundredths. Average thermome::er 65, highest 83, lowest 46.
Dallas, Texas. There has been excessive rain on three
days of the week, the precipitation reaching four inches and
seven hundredths. The thermometer has averaged 63, the
highest being 85 at d the lowest 42.
Henrietta, Ttxas.—The week's rainfall has been eighty five
hundredths of an inch, on one day. Tne thermometer has
averaged 63, ranging from 41 to 85.
Hujitaville, Texas.—There has been rain on one day during
the week, the rainfall being seventy five hundredths of aa
inch. The iharmometer has ranged from 47 to t2, averaging 6f^.
Kerrville, Texas.
It has rained excessively on one day of
the week, the precipitation being four inches. Average
thermometer 59, hlghett 84, lowest 84.
Lampasas, Texas. There has been heavy rain on three
days daring the week, the rainfall btiog three inct 03 and
fiHy hundredths. The thermometer has averaged 67, the
highest being 87 and the lowest 36.
Lottgview, Texas.— It has rained on two d>»y8 of the week,
the precipitation being twenty two hundredths of an iuch.
The tie mometer has averaged 62, ranging from 42 to 81.
There has been raiu on thr< e days durFalestiue, Texas.
ing the week, the rainfall being thirty seven hundredths of
an inch. The theimometer has ratged from 4S to 82, averaging 65.
Faris, Texas.— There has been rain on two days of the
week, the precipitation reaching one and twenty hundredths
Aversge thermumeter 63, highest 84, lowest 41.
of an inch.
tian Antonio, Texas.— Taere has been heavy rain on one
day duiing the week, the rainfall being one inch and forty
gii the ring
—
—
—
—
—
521,047
3.487.365
North, spinners' tak'ga to Got. 28.
Movement
9
Weather Reports by Telegraph. — Oar
to
w pih-tocpif->-pppto PPPP,>-MWaD©<ip^to .SI
w^bVwocifijto'b'tobxwVjwVi'^oice Vi'^b"':' ©Vi wxwV ^-V
oirfiex«>o-05ao5v>05i(»oxtowxioa5>-'~ji-'o<j^t»o>o<w .titooit•4W^if^OO©tvM©io(x.ifOp-'v)totswi(^wwtstOMC;ioiif^©WMi(i.ob ©M
C..<Jt-jf<kHi
9811
8L2
Steady.
Spot...
Options B'rly st'y
05 tS
aD"'>->'';o
W
Ol
Raleigh...
March—
Closing..
tow; 03Wa. wi-'tst5-jxw©i£>.wa.xN)0*kCtcif-coai-> xMwxxtx
ifcx. xto©o>a9©>4tocotoaoo>t3t3if^©ui-4t>.cociP>'Uix©enwio.cx
COl
Natchez
9*4
Range..
os-iJ'toi-'OsosxaJKJXooiOrf'^scocacoif'CxaviiotciOsctoc^cDOia:
pM
9%
Montgomery..
Mat-
0--
Jf^tO;
05 Vo
».'«
9
Louisville
Closing..
l-'*Xl-'WtOWP-'M«^lfp-'
CO M w * p c^p J^'P^,'
''PPP.'^P ®^PP wax 00 7- to ©
1;^ yi"' If^cc *>. <i
m'-j ©ax'wTf' ciF»"x>a%'V»»lxV' cobV 01 o tew'x'to
Ma
.
Closing.
oj-e
—
tOK-"
CC.
Range
Closing..
Jan'ary
Range
3".
to -J «J — M O Ol if CO CO Wi if 3t W 05 en »• «> to
OCTOB'
—
.
too 05 Mr-'lol^b' w'cn '.-•'» o; 05 '-j'-o *- 1(^ »- i^ (H-'o"*-"^ ooVj C tO 0: *>
-a|^'~^M^oec05waorf»o^o©©©>-'^~^o•©ic©05cxlf>•^Ol-'^^*lli
05 Vc
9»i6
Si2
9»8
SaCday, Monday, Tuesday, Wed'day. Thured'y Friday,
Dbc'bee—
Range
,_
I-.
9-75
10 20
9
>-l-'-)'MI-il-'M>-'W|Oaj
^ o<i(Otoi)'Xit»05io©to'ro»--©tooibsif
«C r-OMtf^MaCOO^tOOOSOWOSMtSOOOXMCn -"^^1005X051.
to
WW aw
9
fc-ao
«-75
10-15
938
9»u
988
9>9
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Ef
to
H'!-'!-''-)-'
_>-'_»-w<i
9
i
9'>ia
9»,
988
988
,
9'a
9
Oct. 22.
O
10 05
B8.e
&»!«
9O8
9"8
1
912
9
New Orleans
cn,Occc:il'i^c»<coacovowo5t./<i-'eococc»j.-OD«ac-.toxif-i-if^~jwctoo5
09
9
988
10 0^
9-87
l<-30
••
10 30
9»i»
9^8
988
9%
9-95
9-h7
9»a
9»16
V
9B8
9s.
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
H"
"J
H'(;-tO-~lCOCOfrOtOkSC;'tOl-'L~
lUMl-'MCOMI-il-'OJ
W5;<_(f'j-'^pH'__e
00 <i *>.!(»
to to* cow bSN) CO 30 00 JO ui 03 CD
taODOJ 5
'-0
OibVc Oo''-'
"co towiffl x'-'J to CoVi-'--' *.'*—%' CO to 05 00 to '•- OSC'y'tO -3
00
9^
Louis....
9
9*8
9>«
938
..
10-20
9»i«
9>«
»'l8
b'i«
9Si
9<)>)
M-><7
9»18
988
913
St.
9»8
89 6
«38
9>«
9-95
9-87
10-20
Houston
MO
psrf^^-i^co
0Dk)''no3'b
H
1005
Memphis
rTF: !!!::!:::::
9^
.
Pbiladfclph'a
A-agusta,
?
9iu
914
'
Baltimore...
eoi
«o
Mobile ....
Savannah...
Charleston
Wilmington.
Norfolk
BoHton
9"8
9«9
tBlB
9>.
8>*
New Orleans
SS»^^^^ 2»
'
9Bia
99,,
9Bi«
9":6
GalveHton...
5^-
OK-
Monday. Tiuaday. Wed'day Thur$d'y F^iday,
SaVday
Oct.
THE CHRONICLE.
29, 1904.]
hnndrKiths. The thermometer has averagtd Qi, the highest
being 82 and the lowest 46.
WeatherforcL, Texas.— Ra,m has fallen excessively on two
days of ihe week, the rainfall reaching seven inches and
forty -five butidredtbe. The thermometer has averaged 60,
ranging from 88 to 81.
A'ewj Orleans, Louisiana,— Ra.in has fallen on one day during the week. The thermometer has averaged 64.
e have had no rain the past
Shreveport, Louisiana.—
week. Average tht-rmom<^ter 65, highest 83, lowest 47.
Leland, AlUsissippi.- Killing frost oocnrred during the
week. One-half of the cotton crop has been picked and
ginned. The thermometer has averaged 557, ranging from
W
34 to 79,
Vtckf^burg, Mississippi.— There hsiB been
no rain during the
week. The thermometer has ranged from 43 to 78, averaging 59,
Columbus, Mississippi.— There has been no rain during the
week. The thermometer has averaged 53, the highest being
68
and the lowest 33.
Helena, Arkansas.— Fine picking weather,
No damage
by
The thermometer has averaged
No rain this week.
racglng from 36 to 76.
Little Mock, Arkansas.— We are having ideal weather for
maturing and gathering the crop, Picbing is making rapid
We have had no rain during the week. The therprogress.
mometer has averaged 59, the highest being 79 and the lowfrost.
54*6,
est 40.
Nushville,Tennessee.
— We have had no rain during the week,
53, ranging from 34 to 72.
Memphis, Tennessee.— Killing frosts have been reported at
seme points in the Memphis territory. The pickirg season
has been one of the best on record, less than one inch of ram
having fallen in the past two months. We have had dry
weather all the week. The thermometer has ranged from
The thermometer has averaged
39'7 to 74'4, averaging 55"4.
Mobile, Alabama.— The weather has been dry and cold in
the interior, with heavy to killing frost in most sections on
the ^31 and 24th. Cotton picking makes excellent progress
and is nearing completion in some sections. We have had
no rain during the week. The thermometer has ranged from
41 to 80, avei aging 62.
1975
Movement
India Cotton
Ports.— The
fro.m all
receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Oct. 27 and for the season from Sept. 1
have been as follows.
to Oct. 27 for three years
1904.
Receipts
at—
Week.
Bombay
For
/Since
Week.
Sept. 1.
12,000
1902.
1903.
Since
60,000
..„
4,000
Since
,
Week.
Sept. 1.
Sept. 1.
26,000
6,000
42,000
Since September
the Week.
1.
Exports
from—
Great
Britain.
Oontinent.
Total.
Great
Britain.
Continent.
Total.
Bombay—
1904
1903
1902
1,000
1.000
Calcutta -
1904
1903
1902
2,0C0
20.000
17,0>.0
2,000
22,000
18,000
3,000
4.000
5,000
2^0"0
1,000
3,000
4.000
5,000
""11
......
Madras—
1904
1903
1902
All others—
1904
1903
1902 ....
2,000
2",oo6
1,000
3,t00
1,000
1,000
3.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
22,000
20,000
18,000
22,000
20,000
18,000
2,000
3,000
1,000
2.000
3,000
1,000
28.000
47,000
41.000
28.000
49,000
42.000
Total all-
1904
1903
1902
Alexandria
Alexand>
ia,
RECEiPTg
Egypt,
2",bo6
1.000
AND SHIPMENTS OF COTTON.—
1903.
1904.
October 26.
1902.
Receipts (cantars*)-
This week..
Since Sept. 1
250.000
310,000
1,017.484
......
1,284,784
This
Since
week. Sept. 1.
r,
/I .
V
Exports (bales)—
..
To Liverpool
To Manchester
To Continent
To America..........
2^,517
17,40P
37.219
4,944
7,000
6.500
6,250
1,250
5'6?,500
1
This
Since
week. Sept. 1.
1.524.452
This
Since
week. Sept. 1.
8,260
6.000
3.'^,995
5,8.=;6
39.495i
2,585
42.849
19,202
4V,326
8,437
7,627
l'?,934!
5,i:50
5.576
1,755
750
Montgomery, Alabama,— There has not been a drop of rain
September. Average thermometer 56,
Total exports
21,000 86,088 19,250 91, Of 9 20.814 112,814
highest 76, and lowest 36.
* A cantar is 98 lbs.
Madxson, Florida.- It has rained on two days of the week,
Ellisons Annual Cotton Review for the Season of
the precipitation reaching seventy-five hundredths of an inch,
1903-04.— Iq our editorial columns will be found an article
The thermometer haa averaged 58, ranging from 40 to 76.
Savannah, Oeorgia.—Rsiin has fallen on two days of the in which we give the figures from Mr. Ellison's annual
week, the rainfall being twelve hundredths of an inch. review of the European cotton trade for the season of 1903-04
Average thermometer 63, highest 78, lowest 45..
as received by us this week by cable.
Augusta, Georgia,— We have had rain on one day the past
Census Bureau Report on Ginning to October 18.—
week, to the extent of eleven lundredths of an inch. The
Rtturns from 300 Counttes,—The Census Bureau made pubthermometer has ranged from 37 to 74, averaging 67.
Smyrna, Oeoryia, Killing frosts in this vicinity on the lic on Thursday at noon returns covering the amount of cot22nd. Dry all the wetk. The thermometer has averaged 55, ton ginned to Oatober 18, 1904, in 300 counties, as follows
The number of gins operated was 10,585, sgainst 10,312 durthe highf st being 71 and the lowest 36.
Stateburg, South Carolina.— There has been heavy frost ing the same period in 1903, and 1,969,675 running bales,
and thin ice on low grounds and light frost on hills. We (qualing 1,958,611 standard bales (round bales being counted
have had rain on four days during the week, the precipita as half bales), were ginntd, against 1,273,157 innning bales,
tion reaching ninety-five hundredths of an Inch. The iher- equaling 1,249,771 standard bales, to the same date a year
ago. This report covers 12 counties in Alabama, 6 in Arkanmc meter has ranged from 38 to 72, averaging 56.
Oreemcood, South Carolina.— Tte week's rainfall has been sas, 11 in Florida, 98 in Georgia, 10 in Louisiana, 22 in Mississippi, 6 in Missouri, 52 in North Carolina, 25 in South Caroforty hundredths of an inch, on one day. Average ther
lina, 20 in Tennessee, 30 in Texas and 8 in Virginia.
mometer 42, highest 66 and lowest 54,
The total amount ginned in all counties (812 in number) to
Charleston, South Caroltna,—Ra,ia has fallen on four
days of the week, the rainfall being seventy-eight hundredth? October 18, 1903, was 3,839,627 bales.
Egyptian Crop,— Messrs. Chortmi, Benaohl & Co. of Bosof an inch, The thermometer has averaged 62, ranging from
ton, and Alexandria, Egypt, write under date of Alexandria,
47 to 76.
Charlotte, North Carolina,- Farmers are not selling freely. October 8, as follows
The crop is proitressinK favorably. The exoeedinely
We have had rain he past week, the rainfall reaching eighty- are having now ia doln); much to hasten the maturln*< hot weather we
bolls of
four hundredths of an inch. Tlie thermometer has averaged the second and tbird pickings, and fears are expressed of thetbts will
that
53, the highest being 70 and the lowest 35.
eventUHlly be detrimental to the quality of the crop, as there is thus a
since ihe sixth of
—
:
:
i
Manchester Makket.— Our report received by cable
to-night from Manchester states that the market is steady
for yarns and firm for shirtings.
Manufa turers are geni rblly well ULdt-r coiitr;>ct
give the prices for to-day
below and leave those for previous weeks of this and last
We
year for comparison.
Twist.
d.
••
d,
8.
9% «913,6 6
30 8i6,ea988 5
Oct. 7
••
8''8
14 8S8
'«9»8
1903.
8I4 lbs. Snirt- Oott'n
ings, common Mid.
to finest.
Uplds
Sp. 23
5
The resume of answers received in September, 1904, by the
AUxatdria General Produce Aseociatlon is as follows
:
1904.
32* Oop.
poesibilitv of all crops getting mixed in the picking.
The niaiketing of the crop oontlnufs slow on account of its lateness
and the anwiitlDgnt'Ss of the cultivators to part wiih their cotton at
present prices, but we expect to see a large increase In the dally receipts ntxt week
d.
32« Oop.
Twist.
8*4 lbs Shirt- Ootrn
Mid.
inus, common
«.
r.
d.
d.
d.
9
3
3
6-62
S-'o
®9»fl
5
580 Sh
7»a«8
'fl938
3
5 62
5
5
5
7
6
6
5
5
5
m9'&9
1Ha»9
®938 5 11H,»9 3
d.
811,^^914
Uplds
to finest.
8.
d.
8.
d.
d.
3
2
6-20
-aos
'©8
01
5 80
H
04
There were some fogs in the first half of September, and the weather
was cooler than it should be. This occasioned de:av in the opening; of
boils.
Fortunately there has been a good return of heat, and cotton
has been ripcLlng in a normal way. The crop has lost wh*t was
thought its early character, and now appenrs to be a few days late.
Mortovtir, cultivators are abstaining from tfering heir crops and are
(
'
deiayii g picking. Up to now the yie dn from the ginuinifn are leea
satlMfdCiory than in 1903. The Upper Egypt crop Is g('0 i. To sam np,
althoagh the reports are as not as favoratile as those received in August, we are induoed to maintain the opinions expressed in oar last
report.
JUTE EuTTS, BAQQiNa, &0.—The demand for bagging durthe past wees has been very quiet, but prices are
unchanged at bf^o. for 1?^ lbs. and G/^c. for 2 lbs., standard
Government Weekly Cotton Report. The regular grades. Jute Tutts dull at l%<Si'^ic. for paper quality and
wetkly cotton report issued by the Climate and Crop Divi- 2@2'^c. for bugging quality.
sion of the United States Weather Bureau through the New
Shippinq News.- As shown on a previous page, the
Orleans Webthet Offic*'. for the week ended October 24, and exports of cotton from the United States the past week have
telegraphed to the N. Y. Cotton Exchange, was as follows:
reached 303,913 bales. The shipments in detail, as made np
Exoeptlona ly favorable weather for cotton ploklnR prevalleil in all from mall and telegraphic returns, are as follows:
parts of tht* cotton region daring the week. PIckInK proKreosed rapTotal balet.
Idly and Ih ocmpleiecl in many cecilonB. Oue-tlilid to thr'«^ tenths of
Nbw York—To Liverpool, per steamers Arabic, 3,081 upland
" 21 a**
" 28 838
31914
»91fl
6
6
«9
-^9
3
3
5.=
5
5
36 8»«
S'rf2
S^
'»9i«
-»9ie
-318
1»
5-94
.V'4
«8 U.J
as IK 574
itg
—
the crop retDhlns In the Held In the north central and noriheastern
ooon lies of Texas. Frost occurred geuerhlly over the northern and
eastern portions of the cotion region, but the crop Is too far advaiioed
to suffer
damage.
aid «7 Sea
IslaLdil
To Manchester, per steamer
Sea fsiund
199 uplaml ana 75 Sea
and 330 8ea Island
upiaLd and 4iO
Celflo,
Inland... Cevic, 1,191 upland
4,9i3
Thi-spls, 2,034
2,514
.
.
THE CHRONICLE.
1976
Nkw York— (Ooncluded)—
Total baltt.
5
To Paleley, per steamer Furnnssia, 5 Sea Island
To Havre, per pteamere Bordeaux (additional), 1,652 upland
La UapcoKne, 98 upland and 3 foreign
To Dnnklrk, per steamer rioncordla, 50
To Bremen, per Pteatner Main, 138
To Antwerp, per steamer Vaderland. 150
To Barcelona, per s'eamer Ulriken, 203
Ptinz
To Genoa, per steamers Konig Albert, 2,885
3,056
Oehar, 171
804
200
To Oenoa, per steamer Konlg Albert. 804
To Venice, per steamer Pocahontas, 200
To La Qaayra, per steamers Caracas, 150
Philadelphia.
230
80.
Nkw orlbamb-To
7,«26... Oct.
21— Steamer Wanderer,
28—
Liverpool— Oct.
25— Steamer
Atlantlan, 20,493. ...Oct.
Steamer AntllUan, 8.000
36,323
22- Steamer Maine, 18,439
Oct 24—
28,992
Steamer Amtral Pourlohon, 10 653
12,012
Bremen-Oot. 25— Steamer Miohkan, 12,012
To
261
To Rotterdam- Oct. 21— Steamer Dlna, 261
Oct. 25—
To Antwerp-Oot. 21 -Steamer Garrlok, 526
2,876
Steamer Michigan, 2.350
400
To Oporto— Oct. 25-Bark Ventnrosa, 400
To Baroelona-Oot. 21— Steamer Conde Wllfredo, 7,415.... 7,415
Oct. 26—
Genoa Oct. 21-Bteamer Teresa, 2,118
To
To Havre
Oct.
Llgurla, 501
To Naples Oct.
2,810
;
26-Steamer Ligarta, 400
400
560
To Trleste-Oct. 21— Steamer Teresa, 550
400
To Venice— Oct. 21 Steamer Teresa, 400
l.fiOO
To Vera Cruz-Oct. 2 A- Steamer Nor, 1,500
OA1.VK8TON— To Uverpooi— Oct. 25 Str. Meobanloan, 23,240.. 23,240
5,581
To Manchester- Oct. 22— Steamer Nlceto. 5,531
Oct. 24To Bremen-Oot. 32 Steamer Polwell. 6,102
Oct. 26— Steamer KelvinBteamer Oayo Largo, 5,u06
,
23,403
bank, 12.205
Got. 22
To Hamburg Oct. 20-Steamer Tentonla, 2.211
—Steamer VlUe de Bonen, 1,576
To Vera Cruz -Oct. 26-8teamer Telefon, 2,306
Mobile— To Bremen-Oot 25-8teamer Volage, 6,983
PE1C8A0OLA— To Liverpool- Oot. 21— Steamer Graola (addi-
Sat.
P.
M
.
1
P.
12ifl
H. p.
M
TTed.
Than,
FrI.
Oct. 26.
Oct. 27.
Oct. 28.
Taea.
nion.
Oct. 24.
\2^\
50
138
180
203
[Vol. ltxiy.
Oct. 22.
1,758
,
I
Oct.
13>a|
4
25
4
r.it.lp. M.!p.
M
12><| 4
121s 4 12>«{ 4
M. 'p. M P.M. P.M. P.M.Ip.lf.
P.
d.
d.
d.
d.
d.
d.
d.
d.
d.
d.
5 2216 20 5 22 5 19 5 22 5 2f 5 32 6 27 5 22 8 26
20 5 22 5 19 5 22 5 24 5 32 5 27 5 22 5 26
5 21 5 19 5 21 5 18 5 21 5 23 5 80 6 25 5 20'5 24
23 5 21 5 22 6 19 5 22 6 24 5 31 5 26 5 21 15 35
5 24 5 225 23 5 20 5 23 5 2: 5 32 5 27 5 22 5 26
5 26 5 235 25 5 22 8 25 5 2e 5 33 5 28 5 23'5 28
5 27 5 24 5 26 5 23 5 26 6 27 5 34 5 29 6 25 5 29
April-May
5 28 5 25 5 27 6 24 5 27 5 28 5 35 5 30 6 26i5 80
May- June... 5 28 5 26 5 27 5 26 5 2815 2P 5 36 5 31 5 27,5 31
June- Inly. 5 28 6 265 27 5 25 5 28 5 29 5 36 5 31 5 27,6 31
5 36 6 31 5 87 5 81
Jnly-Ang . 5 28 5 25 5 27 5
..I....
Aug.-Bept .
6 22 5
25528629
d.
(.
\
October. ...
Oot.-Nov...
Nov. -Doe...
Deo. -Jan...
Jan. -Feb
Feb.-Moh. ..
Mch.-AprlJ.
6 2315 26
5 23 5 25
5 21 '. 28
5 2i: •> 24
5 23 5 25
5 25 5 27
5 26 5 28
5 27 5 29
5 88 5 30
5 28 5 30
5
285 80
BREADSTUFPS.
Friday. Oct 28, 1904.
There has been a firm market for wheat flour and prices
for spring-wheat flours have been advanced, Locally the
volume of business transacted has continued of only moderate proportioDs, few buyers operating in advance of current
wants. Considerable attention has been shown in the advices from the Northwest reporting the bonding of the
PiUsbury and Washburn-Crosby mills. Canadian mills, it
is
understood, are able to
sell
fl
)ur abroad, as
the price of
Canadian wheat has not appreciably risen above the export
parity. But American wheat is so high that exports of flour
are entirely out of the question. Therefore the mills have
decided to grind Canadian wheat and send it abroad, to hold
tional), 148
143 their markets. Rye flour has been firm. Buckwheat flour
To Havre Oct. 22—Steamer Aphrodite, 3,725
3,725
meal has been firm but quiet.
To Bremen-Oot. 22-Steamer Trident. 4.465
4,465 has been quiet. Corn
Speculation in wheat for future delivery has been moder750
To Antwerp— Oct. 22 Steamer Trident, 750
Savannah- To Havre- Oct. 27-Steamer Lame, 8 512
8,512 ately active, but the tone of the market has been unsettled.
To Bremen-Oot 22— Steamer Elswlok Home, 10,632
Apprehension of a serious outcome resulting from the North
Oct 27 Steamer Oayo
Oct. 26 -Steamer Boath, 7,846
Domingo, 7,914
Oct. 28 Steamer Candleshoe, 7.34e.. 33,738 Sea incident at times had a bullish influence upon the marTo Hamburg- Oct. 26— Steamer Boaih, l,5ai.. ..Oct. 28ket. It was pointed out that at present Bussia is supplying
Candleshoe. 1,044
2,575 about one-half of the world's weekly exports of wheat, and
To Norrkoplng— Oct 22— Steamer Elswlck Honse, 1C9
809 that thus far this season Russia's exports have been about
Oct. 26— Steamer Roath. 650
To Christiana -Oot. 28 Steamer Oandleshoe, 100
100 45 per cent of the world's total shipments. Nervousness on
To Reval-Oot. 22—Steamer Elswlck House, 976. ...Oot. 26
the part of December shorts also was a factor early in the
-Steamer Roath, 100
Oot. 27-Steamer Cayo Doweek and their buying to cover contracts advanced
mmgo, 200
1,275
During the mid-week there was a reaction
prices.
To Riga— Oct 22 - Steamer Elswlck House, 100
Oot. 28—
Steamer Candleshoe. 100
200 in
the
uneasiness
over
the
Anglo-Russian
prices;
To Gefle— Oot. 26 Steamer Roath, 400
400 political
situation largely subsided, and the
reports
To Gothenburg- Oot 26 Steamer Roath, 200
200
the interior reported less activity to the deTo Baroelona-Oot. 22-8teamer Dalton Hall, 4,769
4,769 from
To Oporto— Oot 22— Steamer Elswlck House, 200
mand from millers for cash wheat. On Thursday, however,
Oot 28 Steamer Roath, 100
300 the market again turned stronger on a renewal of war talk
To Genoa - Oct. 22 -Steamer Dalton Hall, 4,476
4,476
from Europe. Reports from the interior state that the new
Ohablebtoh— To Bremen— Oct 27—Steamers Britannia, 3,978;
Straits of Dover, 8,095
12,073 winter-wheat crop is making a good start and that the acreWilmington- To Liverpool -Oct. 26-Bteamer Helgate, 12,011 12,011 age has been increased. The local spot market has been
To Bremen— Oot 21— Steamer Ras Dara, 12,932
Oot 22
easier, the premiums asked over futures being lowered
—Steamer Vera, 8.968
21.900
SOBFOLK— To Havre-Oor. 28— Steamer Trebla, 8.300
8,300 slightly. Business has been quiet. To-day the market was
Nkwpobt News— To Liverpool— Oot 27— 8t r Kanawha 3.000 S.OOO easier on more peaceful news from Europe and large exports
Boston To Llverpool-Oot 25 -Steamer Wlntfredlan, 233
238 from India. The spot market was steady.
To Yarmouth Oct 20-Steamer Prince George, 50
DAILT OLOSINO PSI0B8 OF WHBAT FUTUBBS Ol NEW^ YORK
Oot 25-Steamer Boston. 148
198
Balttmobb-To Liverpool - Oot 2 1 -Str. Ulstermore, 3.000.... 3,000
Sat.
Hon.
Tues.
Wed, Thure.
»ri.
To Havre-Oot 14 Steamer Orthla, 700
700 yo.2redwinter, f.o. b... 123
122^ 121«b 120''e 121^8 121''8
To Bremen-Oot 26-Steamer Chemnitz, 400
400 Deo. deUvery in elev.... Il9ifl 119% 118»8 117''8 11838 lisag
To Copenhagen - Oct. 22— steamer Alabama, 1,100
1,100 May delivery In elev
113>«
llS'^g
l\bH 115i« 114
1133e
Philacbl^phia-To Liverpool -Oot. 22— Str. Haverford, 1,517 1,517 jBly deUvery in elev
10438 103%
102^8
DAILT OLOSmO PBIOSS OF WHEAT FITTUBES EH OHIOACIO.
Total
3,787
2,308
6,983
-
.803.913
Sat.
Man.
Tues.
Wed.
Thurg.
fri.
The exports to Japan slnoe Sept. 1, 1904, have been 10,383 Deo. deliv. in elev
115
IWg 114»a 11378 114>4 11388
113''8
bales from Pacific ports.
113^ 112\ 11278 11238
MaydeUveryin elev
98B8
98^9
99^8
97^
98
98%
July deUv. in eiev
LiVEBPOOL. By cable from Liverpool we have the following
corn futures have been moderately active and
Indian
tatement of the week's sales, stocks, &c., at that port.
Limited
m^
—
Oct. 7.
Bales of the
week
14
Oct.
bales.
47,000
1,000
1,000
37.000
36",6o6
Aotual export.................
3,000
Forwarded
.. ............
Total stock- Estimated
Of which American— Est'd.
58 OOO
3.000
82,000
Amount
afloat....
Of whlnh AniArin&n
160 000
424 000
885.000
Total Import of the week
Of which American.........
139.000
90 000
52.000
51,000
463000
107,000
95 000
89 000
430.000
Oct.
28
40 000
37,000
5,000
83,000
252,000
205,000
190 000
172,000
411,000
389,000
S3 000
1,000
Bales American..... ..........
21
45.000
1,000
43,000
Of which exporters took. ..
Of which speculators took.
Oct.
2,000
1.000
2,000
76 000
303.000
251,000
128 000
115,000
S86 000
856,000
The tone of the Liverpool market for spots and fatnree
each day of the week ending Oct. 29 and the daily closing
prices of spot cotton,
Spot.
Bal'day.
Market, /
12:30 p. M.^
Pair
business
doing.
Mid. Upl'ds.
Sales
Spec.
& exp.
have been as follows.
Monday. TutMday. Wed' day. Thurtd'y Friday.
Fair
business
doing.
Qnleter. Moderate
demand.
QnUt.
Moderate
demand.
5 32
5-32
6-32
5 42
5 32
6 32
7,000
500
8,000
6,000
6,000
6.000
6,000
600
300
300
300
300
Puture$.
Market
}
opened.
^
Market,
{
4
p.
M.
The
Qnlet at Steady at Qnlet at
i9b
pts.
decline.
tea
pts.
decline.
6®6
pts.
advanoe.
Qnlet at: Qnlet at Steady at
5
7 ptg.
decline.
it03 pts.
436
decline.
advanoe
pts.
Very st'dy Steady
6l»0
pit.
tdvanor.
at
6iae pts.
Steady
60d
at
pta.
decline.
decline.
Firm,
Veryst'dy
nnoh. to
Hasy at
2@3 pti.
nnch. to
adranoe.
1
pt.
dec
1 pt.
dec.
prices of futures at Liverpool for each day are given
below, Prices are on the basis of Uplands, Good Ordinary
olause, unless otherwise stated.
stocks,
there has been a steady hardening of values.
light receipts and small offerings of old crop corn have had a
tendency to create nervousness on the part of shorts in the
near-by positions, and they have been buyers to cover conSome reports also have been received stating that the
tracts.
husking returns were not coming up to expectations, and
they had their influenoe in favor of the market. Weather
conditions in the corn belt have been favorable for the new
crop, seasonably low temperatures being reported, which
were favorable for curing the crop. The spot market has
been firm and higher. There has been some export demand,
but few sales have been made, owing to light offerings. Today the market was easier on the favorable weather and increasing offerings of new-crop corn. The spot market was
lower.
DAILT OLO8IMO PBIOES OF NO. 2 MIXED CORM IN NEIV YORK.
Frt.
Wed. Thurs.
Mon.
Tues.
Sal.
58I4
59i«
61O8
60»8
60%
67%
Oashoomf. o. b
Deo. delivery in elev
May delivery in elev
56^
51%
5638
5678
57>4
57%
5lifl
51%
51%
52
DAILT CLOSING PRICES OF NO. 2 MIXED CORN IN
Sat.
Deo. delivery in elev
48^4
4538
Mon
48%
5608
Sl^s
CHICAGO.
Tues.
Wed.
49»8
45^8
45»«
49%
Thurs.
50»e
4bJa
46
Fri.
49^8
4608
45%
*6
May debvery in elev
4538
45'4
45
45%
July delivery in elev
Oats for future delivery at the Western market have received slightly increased attention, and there has been a
moderate advance in prices. Decreasing receipts have had
a bullish Influence upDU the market, and sympathy with the
upturn to values for corn also has had a strengthening influence. The spot market has been moderately active and at
firm prices. To-day there was an easier market.
DAILT 0L08IH0 PSI0B8 OF OATS IN
Fri.
TKure,
Wed.
Sat.
Mon.
Tues.
Nom. Norn. Nom. Nom. Nom. Nom.
..
No. 2 mixed in elev
Nom. Nom. Nom. Nom. Nom. Nom.
No. 2 white in elev
NEW YORK.
Oct.
THE CHRONICLE.
29, 1904.]
DAILY OliOBHIO PRIOBS OT MO 2 MIXKD CATS III CBIOAOOi
Th,urt.
Wed.
FH.
MoH, Tuts,
Sat.
28''8
29ie
29 >«
29^
28%
28%
Deo. deUvery In elev
3198
3158
31%
3XH
30%
31
May delivery In elev
3II4
SIH
311a
July deUvery In elev
Following are the closing quotations:
FLODB.
$5 75 -36 25
Patent, -winter
Nominal.
Flne.......M.
Olty mills, patent. 6 75 ®7 00
Saperllne
f 3 75 ®3 8f>
Rye floor, superfine 4 50 '94 90
4 00 ©4 10
Extra, No. 2
Buckwheat flour.. 2 15 '92 40
4 25 ®4 60
Extra, No. 1
Corn meal4 50 «» 40
Ulears
Western, etc
3 10 1»3 15
75
5 35 aS
StraiglitB
Brandywlne
3 15 '93 25
6 00 ®7 15
Patent, spring
'3m
N.DuL.No.l
N. Dnl., No. 2
Bed winter. No. 2..
Hard winter. No. 2.
Oats— Mixed, p. bush.
0.
Com, per bush—
0.
0.
Western mixed
f.0.b.l26''8
56
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bushWestern
f.o.b. 12279
f.O.b.121'^8
f.0.b.ll988
34»«a35Hj
35 -asgia
Nominal.
Nominal.
f.
c.
'SeoSg
o. b.60<>8
t. o.
f. o.
b.62i8
b.eios
83 '985
and Jersey.... Nominal.
Barley— West
53 '964
Feeding
40 '943
Exports of Grain and Flonr from Pacific Ports.— The
exports of grain and flour from Pacific ports for the week
ending Oct. 27, as received by telegraph, have been as follows:
From San Francisco to Japan and China, 4,000 bbls. flour,
to United Kirgdom, 270,000 bushels barley, and to various
South Pacific ports, 1,408 bbls. flour and 40u bushels wheat.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903.
Barley,
Corn,
Oats,
flour,
Wheat,
Rye,
MxporU
White
No. 2 mixed...
No. 2 white
from—
bblM.
flan Fran.
Paget 8'd.
Portland..
330,557
386,069
185,000
bush.
252,549
175.520
119,689
of the
supplies of low-grade
spite
scarcity
of
and all
orders
have been accompanied by
goods,
requests for quick shipment. There is not much demand for
wide sbeetings, and both sheets and pillow cases are quiet at
recent figures. The call for denims is limited, while plaids,
ticks and other coarse, colored goods have been in small
in
at unchanged prices. The export demand for Canton
and cotton blankets continues, and some fair-sized
orders have been booked. Kid-fioished cambrics are firmer
and rather more active. Both staple and fancy prints have
been disappointing and some irregularity exists in prices.
demand
flannels
firmer, but the demand continues
Print cloths have been exceptionally quiet, and
although sticks are very small, there are as yet few signs of
any activity. Prices hold steady and unchanged.
Woolen Goods.— Advances ranging from 2^ to 73^ cents
a yard have again been recorded in the light-weight men's
wear division during the week, and in some cases this represents the second advance since the opening of the season. In
spite of the firmness, however, duplicate orders are being
received in fair volume, and sellers are experiencing little
difficulty in obtaining the piices asked.
Some complaints
are still being heard of delay in delivery, but initial orders
have now nearly all been filled. Certain mills have again
accepted orders during the week for heavy-weights for this
season's wear, but nearly all are occupied in preparing for
the new heavy-weight season. This, it is expected, will open
with prices ranging from 2^ to 10 cents a yard higher than
While the extraordinary strength of the rawlast year.
material situation may be sufficient justification for this, it
more conservative
is viewed with apprehension by the
members of the trade, who are doubtful as to its effect on the
buying trade. Overcoatings have baen in fair demand and
several lines of new spring cloakings have been opened.
Orders that have already been placed in the latter indicate a
preference for plain goods. Initial dress goods business is
now practically over, and here, as in every department of
the market, prices also have been advanoad. This had been
expected, however, and in consequence many purchased
more freely at the start than they otherwise would have
done.
Ginghams are rather
small.
OBAIM.
Wheat, per bush—
1977
State
hush.
5,4\6
6,138
bush.
823
7,693
bush.
bush.
1,130,673
24,050
422
346
8
8,523
1.154,723
902,844
546,758 11,554
917.966 1.682.800 14.793 160.850 4,001.000
S7~ For other tablea usually slven here see pane 1934.
Total....
Tot. 1903.
768
S63
THE DRY GOODS TRADE.
New York, Friday, P. M. October 28, 1904.
Prices have held firm in the cotton goods division during
the week, but business has been far from heavy, and last
week's promise of a general broadening of the market
Foreign Dey Goods.— Imported
woolen and worsted
dress goods have been moderately active, but buyers have
been operating in spring goods with considerable caution,
pending more definite information as to the popular taste.
Prices remain firm. Silks have held firm and the demand
shows further signs of improvement. Ribbons have been
comparatively quiet. Linens have not been moving quite so
freely, but prices continue firm. Burlaps are more active
and higher.
has not been fulfilled. Buyers have shown a somewhat
greater disposition to operate both for near-by and future
positions, but deliveries of the former are difficult to obtain,
and for the latter advanced prices are being asked. The restriction ol business may be said to be more the fault of the
sellers than the buyers, for the former are unwilling to
l¥arelioase \ntlidraiirals of Dry Goods
accept orders far ahead in view of the uncertainty of the Importatlona and
Theimportationsandwarehousewithdrawalsof dry goods
raw-material market.
While cotton is steadily declining, it
at this port for the week ending Oct. 27, 1904, and since
is still claimed that sellers' expectations in this direction are
not being fully realizad, and that the margin of profit on January 1,1904, and for the corresponding periods of last
some of the advance export orders will be very small. For year are as follows:
this reason the raw cotton market may go considerably lower
B
n
s
s
SI
without materially affecting the piece-goods market, but a
^ EH
no
£r—•* nO
move in the other direction would very likely be followed
E.
by an immediate advance in goods. Buyers are, therefore,
of £::§:« B
p; S
£:
§::§:§
«<
"
P
keeping in close touch with the situation, but are handip
9
B
o
p «? <S
s
o'.
'i
capped in their purchases by the scarcity of supplies and
d
f.
the firmness of sellers. In the woolen-goods division prices
c
Op
p;
continue to advance, light weight goods having been again
B
T 1
iiliiT
moved up during the past week. The demand, however,
continues satisfactory and few complaints are heard in any
*
!
.
.
sis
:
:
:
;
•
:
:
:
sis
i-«
I
I
'.
i
•
•
.
!
.
i
.
:
:
!
!
!
:
I
(>>
;
i
direction.
'^CO
D0MB8T10 Cotton Goods.—The exports of cotton goods
from this port for the week ending Oct. 24 were 2,261
packages, valued at |170,50i, their destination being to the
M
00
;a
>4i^
to
<^o
b»
CO
-J
^IKJHiOJtO
(acDCDtav
05 »J
ootaood
tocn
r-
to
•31^
i-«
«Jl^
H-05
1904.
a>
h-
l->09
M
MM ft-t
bosVoja
I
oocsMCOA
MQDVCOOD
toS-
h-
points specified in the tables below:
10
K"
to
I
V
a
Nbw Tobk to Oct. 24.
1903.
Week. Since Jan.
1.
Week.
Since Jan.
1.
-o
oxyi
^
00
M
M
ojenC'-'Qo
India
Arabia.
Afrlea
West Indies
16
5
566
......
"5Y2
Mexico
17
299
758
81
Central Amerioa
South Amerioa
Other Oountrlea
997
683
69,822
6,498
14,857
8,211
16,883
1,862
11,922
44,307
17,128
35
125
55
272
619
90
1,549
1,128
112,702
11,918
31,925
8,095
23,285
2,518
9,893
48,869
8,737
MOD
a 00
w OJQD
lo
to
en
Ml-'
»oo
I
2,261
193,170
1,210
260,619
of these New York exports since Jan. 1 has been
$11,744,188 in 1904, against $11,875,280 in 1903.
The smallness of supplies in first hands and the difficulty,
of obtaining delivery has resulted in an improved demand
for heavy brown drills and sheetings and an advancing
tendency in prices. Both jobbers and converters have been
in the market, and certain lines have been held at an advance
of }4 to
cents over last week. The bulk of the business
has been for immediate delivery, but some orders have been
placed as far ahead as the first of the year. Under present
circumstances neither buyers nor sellers are anxious to contract beyond that time.
The export demand for heavyweights has been email, but both the home and export demand for lightweights has been of fair volume.
The value
%
Bleached
goods
have
only
been
moving
slowly.
00
CO
CO
03
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:
THE CHRONICLE.
197^
State
city Dtf/iiarwtm.
>^Tii3
Index.
An
the news matter appearing In this Department for tlie period from Jaly 3, 1904, to O :t. 8, 1904. inclasive, vras publiphed in the Chronicle of Oct. 18, 1904,
index to
all
pages 1664, 1685,
Um and 1667.
News
Items.
^OL. LXXII.
Octobers have been purchased at par and interest by the
State Board of Elucation.
BHllBtOD Spa, N. Y.— Bonds to be lH»ued.—The Village
Truste^B have decided to iesne $14,500 8i^« refunding bonds.
Baltimore, Falrfleld Coantj, Ohio.— Bond 8a/e.— On October 10 tbe 14,000 6<l town-hall botds deecribed in V. 79, p.
1863 were awarded to Rodgers & Sons, Chagrin Fulls, at
102 337.
—O
BarneBTlile (XlBD,) School District.- Bond Sale
i
0;tober 5 »n issue of $i,C00 i^^t refunding bonds was
awarded to U M. Stoddard & Co. or Minneapolis at par and
interest.
Denomination, $1,000. Date, Ojt. 1, 1904.
Interest, semi annual
Maturity, Oct. 1, 1914.
Baxlt-y, Gil.- Bond Sate.- On October 6 the $6 000 5^ 30vear school hou=e bonds, described in V. 79, p. 1291, were
awarded to the Robinson- Hamphrey Co. of Atlanta,
Bayou Des Glaizes L'^vee and Drainage District (P. 0.
XarksTille), La. Bond Offering —Prooosa,la will be received until 2 P. M November 15, by E. R. Butler, Secre-
Belle Plaine, loyfa.— Bonds Valid.— A decision was recently bacdf d down in the lower court holdirg valid the
$80,0fO 4? vrater bonde awarded last Jnly to N. "W. Haleev &
Tbe enit was brought by the Chicago firm
Ck). of Cbicfigo.
to recover the $3,000 deposited by th^m at the time of sale,
they claiming that fhe issae was in excess of the c instituta-y, for $300,000 levee bonds.
tional debt limit. It is stated that the case will be taken to
BellcT'lIc, III. Temporary Zx>an— This city has borrowed
the Supreme Court and heird at the January term.
$6,000 from home investors to build an isolation hospital.
Montrule, S. J.— Bonds Lost.— F&nl Pratt, Borough Clerk, Bonds
will not be issued, as loan will be met when the next
calls attention in cur advertieing columns to the fact that apf ropriation bill is paf sed.
Blgbop, Inyo County, Cal.— Bond OiTertngr.- Further demacadam-road bonds Nos. 81 to 80, Inclusive, for $500 each,
dated July 1, 1903, and due July 1, 1918, have been lost. All tails are at hand relative to the offering on Decemtier 1 of
Proposals for
144,000 6% water, sewer and drainage bonds.
persons are warned not to purchase said bonds or coupons.
these b^nds will be received until 6 P. m. on that day by the
Philadelpbla, Pa.— Sale of Erie Stock Authorized.-Tbe Board of Trustees. Authority, election September 6, the
City Councils on October 20 passed a resolution authorizing vote being on the $29,000 water issue 119 to 8, oa the $12,500
the Commiseiouf-rs of the sinking fund to sell at the market sewer issue 121 to 8 and on the $2,500 drainage Issue 123 to 6.
price the 45,f 00 shares of stock of the Pbllar^flphia & Erie Dnominatlon, $'560. Date, Ddc. 31, 1904. Interest, June 30
Railway Co. held in that fund. The resolution wa^ pas'^ed and December 81 at the office of the Town Treasurer. Maupon receipt of the following communication from the Com
turity, $1,100 yearly for forty years.
Certified check tor 5%
missioners
of the amount of bid required.
Tbe town has no indebtedThe Comm'ssi'^ners of theSinkinK Fnndof the city have thp honorto atlvlse aeps. Assessed valuation ]904, $296,033.
you that the la-t 6» loans mature and will be paid on July 1. 1905, ard the luan
Bossier Levee District, La. BoTid OjT'Winfli.- Proposals
precedine
on Jan. 1. I'-Ob The commisstoners are prepares lo meet these
loans, and we bee to advise you that the 45.000 shares of stock of the Philawill be received until Novem»}er 8 by W. T. Colquitt, Presdelphia dt Brie Kail<ray Company, whicb has been a part of the securities
ident of the District (P O Bossier City), or by Thos N.
held by them since the establishment of the commission, or the time of ihe
consolidation o' the dty of Philadelphia, will be no longer required as colBraden Jr., Secretary (P. O. Curtis), for the $50,000 5^ 40-50lateral when these 0i loins are paid. We beg to sugee-'t th« passasre of a
year (ootional) coupon levee bonds mentioned in V. 79, p.
resolution authorizing us to receive proposals and to sell the stock at markol
price.
1363.
Denomination, $1,000. Dite, Oct. 1, 1904. laterest,
I'upeka, Kaa.— Water-works Resolution Defeated.— Accord- semi-annual.
ing to the Topeba "(Japital," th^ City Council on October 18,
Camilla, Ga —Bonds Fofed.— This place on October 12, by
defeated a resolution to take over the plant of the Topeka a vote of 108 to
13, authorized the issuance of $2O,0OJ bonds,
Water Company, uoder the authority granted at the election of which $7,000 will bp used for electric-light purposes, $11 000
held April, 19u3. To pay for the plant $350,000 4i bonds for water- works and
$2,000 to pay off present bonded deot.
were voted, which, with $270,000 5% outstanding bonda of
Canton, Ohio.—Bond Sate.— On October 24 the three issues
the water company to be assumed by the city, wouM make of 5% 1-5 year (Ferial) street bonde, aggregating $7,714. and
the total coEt of the same to the city $620,000, It is not be
deecribed in V. 79, p. 1353, were awarded to Denison, Prior
lieved that this action Is final,
& Co. of Cleveland and Boston. Following are the bids
Denison, Prior A Co., CleveSeasongood A Mayer, Cincln.. 18.769 25
,
—
It.
:
I
Bond Proposals and Negotiations
week have been
land and Boston
this
as follows
Premium,
Frcmlttm.
$>!,72100
£.622 00
2,60179
Farson. I>each A Uo. Chic
2,681 00
Dnlon 8av. Bk. A Tr. Co.. Cln. 2 573 75
Lamnreohi Broi.4 Oo., Oleve. 2,605 00
.
Benjamin Fisher, Boston
ParklusonA Kurr. Huston
Third Nat. Bank, Cincinnati
R. KevDolre ,t Co.. Cincln
Cincinnati Trust Co
Parsons & Snyder.
Cleveland
$2.1 SO 00
P. S. Brliftfs * Co.,<nncln.
.2.050 00
Fuller,
Sec. 8av.
New
B'k&
Igt Nat.
Tr. Co. .Toledo. 2,oil 00
B'k.CoHimbUB... 2,00000
W. HaNey A Co.. Chicago.
Z,44« S'l s Kuhn A Sons, Cincinnati.
a,417r5 Well. Roth & Co. Clncin
2.4n0 (iQ Prov. Sav. Bk. ATr. Co. Cln..
2.S71 76 Hayden, Miller A Co., Cleve..
N.
.
.
.
2,200 0a
Deulson, Prior A Co., Cleveland and Boston
2,13140
W. B. Todd A Co.. Cincinnati. 8,130 6a
1,906
1.613
1.609
1,469
36
15
50
66
1.46f> 00
Atlas Nat. Bank. Cincinnati... 1,420 00
Western German Bank, Cln... 1,40" 00
S. A. Kean, Chicago
1,123 00
3 pas?ed
ordinancffi provlfiicg for the issuance of the following bonds:
t9,400 5% Bell Street assessment .bonds. Denomination, $1.0f0, except one
bond for ti'O. Maturity, (1.4UU0ct. 1, X906, and (2,000 yearly on Oct. 1
Denomination,
|1,000.
Maturity,
Securities ar« dated O^t. 1, 1904
loterest, semi-annual.
Allen «nd W»iltley Connii^-s, In6.— Bond Offering.— An
issue of $5,092 29 bonds of Qeller j )lnt ditch of Allen and
Whitley counties will be offered for sale in Fort Wayne at
the office of the County Auditor on October 31. Bonds are
ia denomination of $100, except one bond for $192 29.
Aliiaace, Ohio.— Bond Q^ertwg. —Proposals will be received
until 12 M,, November 21, by Uhas. O. Silver, City Auditor,
for the following bonds
:
$4,000 4% 10-year
7,000 4a IS year
coupon water works extension bonds.
coupon storm-sewer bonds.
D nomioadon, $500. Date, D c. 1, 1904. Interest semiannually at thr office of the City Treasurer. Certified check
for $1,000, payable to F. V. Cassaday, City Treasurer, required, Sacc-saful bidder furnishes blank bonds free of
charge.
Aniite Connty, Miss.- Bond Ojferiwg'.— Proposals will be
received until 10 a. m Novembt-r 7, by T. F. Ford, Presidert Board of Supeiv sors, for $16,000 5% 5-20-year (optional)
court-house and jail bonds
Aueoii (Texas) ludependcnt School District.— Bond Sale.
—Tbe $0,000 b% 20 4u-year (optional) school- bouse bonds
dated Aug. 9, 1901, registered by the State Comptroller on
,
at 102.
Carrollton, Mlgg.— Bond SaZe.- Of the $10,000 6!^ coupon
water bonds offered withou*: success on September 13 $i,000
were placed on October 18 with the Bank of CarroUton. The
price paid was par. See V. 79, p. 798, for descripti m of bonds.
Chase City, Y a.— Bond Sale.—W-i are informed that $5,000
of the $20,000 6^ 20 year gold street-improvement bonds
offered without success on May 19 have been placed at par.
Tbe city does not desire to sell any more of these bonds at
present. See V. 78, p. 1921, for de-jcription of bonds.
Cbelan County (Wash.) Scbool District No. 1.— B^nd Sale.
-On October 8 |iO,000 A}4% funding bonds were awarded to
the Scate of Washington at par. Denomination, $ ,000. InMaturity, 2) years, subject to
terest annually in October.
call after one year.
Chester (Pa ) ijchool District.- Bond O/ferinfl.- Proposals
will be received until 10 A M
November 11, by John MacFayden, Chairman Finance Committee, for $30,000 33^«
Date, Nov. 1, 1904
laterest, semi-annual.
tjchool bonds.
Maturity, Nov. 1, 1934. Certified check for 3$ of the amount
of bid, payable to the Treasurer of the School Bjard,
i
.
Bonds Authorized.— The City Council on October
from llJi « to 1909. Inclusive.
2,000 6% Howard Street repaying bonds.
Oct. 1.19 6.
I
&
—A
temporary inAbberille, A] a.— Temporary Injunction
junction has been granted res' raining tbe Mayor and City
Council from issuing the $20,000 5i water and light bonds
voted at the election held Aug. 8, 1904.
Akron, Ohio.- Btds.— Following are the bids received
O. tober 11 for the $35,500 i^^t coupon refunding bonds
awarded, as stated last week, to Spiizer & Co. of Toledo:
Spitier A Co.. Toledo
HeaaouKOOd A MHver. Cln
R. L. D»y& Co., Boston
$7,770 40
CarrolltOD, 6a.— Bond Sate.— On October 15 tbe $45,CO0 5%
gold water, sewer and electric-light bonds described in V.
Co. of Augusta
79, p. 1292, were awarded to J. W. Dickey
required.
Bond O/eriTiflr.-F. A, Siacey, President
thillicothe,
of the Trustees of the Sinking Fund, will receive bids until
12 M. November 2 for $20,000 i}4i, Fourth Street improvement No. 2 bODd-", now held in the fund as an investment.
Denomination, $f)OJ. Date, July 6, 1904. laterest, annual.
Maturity, Jnly 6, 1914, optional $l,SOO yearly, beginning
July 6, 1905. Certified check on a national bank lor 2% of
the par value of the bonds bid for required.
Clayton County, Iowa. Bond Sate. — On September 28 this
county sold to Geo. M. Bechtel & Co. of Davenport at par
an issue of |2 1,000 ii fonding bonds. Danomination, $1,000.
Date, Oct. 1, 1904, although we are informed the issuts may
Miiturity, $8,0()0
oe made later. Interest, semi-annual,
yearly in 0.;tober from 1917 to 1919, inclusive.
Clearfield County (Pa ) Poor District.— Bond Offering.—
Proposals will be received until 1pm., November 14, by A.
K. Staver, Clerk Bjard of County Commissioners for $50,000
0—
—
refunding coupon bonds. Denomination, $500. Dite,
laterest eemi-annually at the office of the
15, 19)4.
Connty Treasurer. Maturity, Nov 15, 1914, but redeemable
Bjnds are free from taxat the option of the Poor District.
ation. Tae bonded debt of the district at present is $70,000,
all of which is payable Nov. 15, 1904. Of this amouot $50,000
will be refunded by the new issue referred to above and the
'd\4i
Nov.
:
Oct.
remaininc $20,000 paid
1979
THE CHRONICLE.
29, 1904.]
100-27
100*5B7 Jackson & Curtis. Boston
R. L. Day k Co.. Boston
100612 Adams* Co.. Boston
J?"'J2
Kountze Bros., New York
100-877 Geo A. Fernald & Co.. Boston. .100-17
N. W.llarrts&Co.. N, Y
100*15
Parkinson & Burr, Boston
Blodeet, Merritt* Co.,Bo8ton..l00-34
100125
100-81
W.J. Hayes & Sons, Cleve
KstabrookA Co., Boston
100-29
Blake Bros. &Co., Boston
Denomination, $1,000. Date, Nov. 1, 1904. Interest semiannually in Fall River. Maturity, Nov. 1, 1914.
oat of cash on hand in the sinking
off
fund. AiaeBsed valuation 1904 $19,709 665.
,.. ,^
of the ^„
$8,400 5^
Coalport, Va.-Bondaale.-Oa October 20
bonds described in V. 79, p. 1660,
10-30-ye«>r (optional) water
Lightner, David Mo Mas$5,000 were awarded at 104 to J. L.
was made by John Nater and J. R. Heasley. A bid of 101
of Ctiioago for the whole issue.
veen & Co.
^ o *
Coldwater, Mercer County, "Ohio. -Bowd Safe.-Oa OctoV. 79, p. 1729,
sewer bonds described
ber 23 the $1,500 5%
were awarded to the Provident Savings Bank & Trust Co.,
Bids were also reof Cincinnati, for $1,575 and interest.
Co., Cleveland, from the
ceived from Lamprecht Bros.
Briggs
Co., of
People's Bank of Coldwater and from P. S.
Fergus falls (Minn.) School Dlitrict.-Bond Election.—
election will be held October 31 to vote on the question
of issuing $45,000 4t% 15-year bonds. These bonds were
awarded last September to N. W. Harris & Co, of Chicago,
but that firm subsequently refused to take the issue unless
An
m
&
another election be neld to legalize the same. The attorneys
for the Chicago house contend that the former election was
&
held under an Act which was special legislation and there-This village will sell $3,000 refunding fore unconstitutional.
Bond* Oferino.
Fitchbnrg, Mass.— iVb Bonds to be Issued at Pres^ent.—yfe
bonds on November 2 8. H. D. Carmack is Village Clerk.
Grammar School
Colnmhnl: Ga.-Bond Sale.-Oa October 20 the $15,000 are advised that the $13,000 High Street
in V. 79, p. 1660, will probably
bridge and the $25,000 police and fire- ddpartment-bu 11 ding repair bonds mentioned
middle of next month. As before
(two issues) i% l-80year (serial) coupon gold bonds described not be issued until the
likely be taken by the sinking
1292, were awarded to the Columbus Savings stated, these bonds will most
in V 79 p.
fund as an investment.
and interest. Only one other bid was received.
Bank at'par
Franklin County (P. 0. Columbus), Ohio.— Bond Sale.—
Colnmbns, Ohio.— Bonds 4tt<^n«ed.—0a October 17 ordiBoyd free-turnpike
nances were passed providing for the issuance of the foUow- On October 25 the $10,000 5^ Morrison and
bonds described in V. 79, p. 1660, were awarded to the New
lowing bonds
First National Bank of Columbus at 100'25 and interest.
Ordinance No. 22,053-$2,000 i% Almond Alley assessement bonds, maturing
H.OOO.
SeDt 1.1915, subject to call after Sept. i,19o5. Deaomlnition, bonds, maturFremont, Neb.— Bonds Not SoW.— The $7,218 paving and
Ordicance No. i!2,o54-$4 50o 4« Pennsylvania Ave. assessment
310year (optional) bonds offered on Octothe $819 sewer
subject to call after Sept. 1. 190&. Denomioation, $600.
Ine Sept 1. 1»11,
Ordinance No. 22,0Srt— $7,600 4% Noble Street assessment bonds, maturing ber 21 were not sold, being " held by the city per advice of
subject to call after Sept. ». 1905. Denomination, »5u0.
:
H
Sept
Ordinance No. 23,067-*4. 00 4% Stanley Avenue assess iient bonds,0.maturDeuomination. »d.
ing Sept. 1. 1915, subject to call after Sept. 1, 1905.
Ordinance No. 2'AU6»—»H,60a i% Sixth Street assessment bonds, maturing
?6(iO.
Sent. 1. 1916, subject to call after Sept. 1. 1906. Denomination,
Ordinance No. 2 .0-8-$ao,ooo 4/. Innis Avenue assessment bonds, maturing
Denomination »1,000.
Sent 1, 1915. subject to call after Sept. 1.1905.
Ordinance No. ^a.iiflO-^t.Oou 4» Grand Avenue assessment bonds, maturing
»1,000.
Sept. 1, 1916. subject to call after Sept. 1, 1905. Denomination,
the City Treasurer."
All the above issues are to be dated not later than Jan. 1,
Interest, March 1 and September 1 at the office of the
City Treasurer.
j.
^
^
^ ,^,
bonds,
Bond Sale.- Oa October 21 the four issues of
described in V. 79, p. 1660, were
aggregating $390,000,
awarded to the New First National Bank of Columbus for
$6,091 50 premium. Following are the bids
Maturity. $1,000 yearly on May 1 from 1906
ally on May 1.
to 1912, inclusive. Certified check for $100, payable to the
Village of Fulda, required. Bonded debt, including this
Assessed valuation 1903, $170,346. Purchaser
issue, $11,000.
furnishes blank bonds free of charge.
I
1916,
Falda, Minn.— Sond O^ering.— Proposals will be received
until 8 P. M., November 4, by A. W. Tierney, Village Recoupon refunding water and light
corder, for $7,000
bonds. Authority, Section 1, Chapter 163, Laws of 1901.
Denomination, $1,000. Date, Nov. 5, 1904. Interest annu-
H
1905.
H
—
Premium.
$65,000
SI. Lot.
$27,000
L'vee
Bonds.
Bonds.
—
—
'
'
Theee bonds were held
00
3,814 00
$1,127 00
1,120 00
380 00
8,276 00
3.159 00
2,882 10
$1,560 00
1.550 00
2,200 00
2,070 00
162 50
195 00
11144
500 00
500 00
400 00
843 00
31144
. .
ment and
4.98-4
'
•
$39000
W.R.Todd & Co., Cincinnati.... $266 60
260 00
Well, Roth & Co.. l^lncmnati
Dnion fav. Bank & Tr. Co., Cin..
Bstabrook * Co., Boston;
Merrill. Oldham & Co., Boston...
W. J. Hayes & Sons. Cleveland
Hayden-C'linli n Nat. Bank
125 00
Prov. 8av. Bank & Tr. Co., Cin.
110 70
N. W. Hams & Co., Chicago
Cincinnati Trust Co
Bondn.
Bonds.
5,031 00
"
'
Dam
Sevier
$6,091 50
NewFlrstNat. Bank. Columbus.
Seasonuood & Mayer, Cin., and
Farson, Lea' li & Co., Chicago.
Denlson, Prior & Co., Cleveland.
B. H. Rollins & Sons, Chicago
.
$200,000
$98,000
41144
in the sinking fund
new securities.
as
an
invest-
are not therefore
Gadsden, Ala.-Bond bale.— The $25,000 5^ 30-year gold
bonds offered but not sold on August 25 have been
placed with A, L Rich Co. of Cincinnati.
Giltner, Hamilton County, Neb.— Bond Offering.— ^ot^osals will be received until 12 M., November 1, by G. H. Washburn, Village Clerk, for $9,000 6^ 5-20 year (optional) coupon
water bonds. Authority, Chapter 21, Section 1, Laws of
Danomination, $1,000. Date, Nov. 1, 1904, Interest
1903.
annually at the Bank of Bromfleld in Giltner. The village
has no debt at present. Assessed valuatioa 1904. $51,000.
Greene County (P. 0. Bloomfleld), Ind.— Bond Sale.— On
1-10-year (serial) ditch bonds were
October 12 $11,777
eity-hall
H
Meyer & Riser of Indianapolis tor $50 premium.
Interest, May and November.
„ ^ „ ,
^
fluncoek County (P. 0. Greenfield), lad.— B^nd 3ale.—On
October 24 the $10,»jOO b% bridge bonds described in V. 79, p.
FollowT730, were awarded to Thomas A. Seamans at 101.
awarded
to
.
„,, „„
Depere, Wig —Bond Sale.-On October 22 the $24,800 A% ing are the bids
»lf. 100 00 B.M.Campbell * Co.. Ind'll8.$10.061 00
water-works bonds described in V. 79, p. 1729, were awarded Thomas A. Seamans
Shopker, Chicago. 10,011 50
J. F. Wild « Co., Ind'apolis.. 10,068 00 Edward B.
to N. W. Harris & Co. of Chicago at par and interest. FolHuskins, Ohio.— Bonds Not Yet Sold,— Ho sale has yet been
lowing are the bids
made of the $3,000 b% street-improvement bonds referred to
$24,310 00
Bolger Co., Chic
N. W. Harris & Co., Chlc.Par and int. Thos. J.
on page 1730 of last week's Chronicle. One offer, we are
Par
Local bidden
for the bonds— thas of Albert
No. 1, Becker County, Minn. informed, has been received
Detroit City School District
100'166. This offer was not
that the $4,090 Kleybolte & Co. of Cincinnati at
—Descriptio7iofBond8.—We are informed
accepted.
,
„ ^ ,
bonds recently purchased by the State Board of Investment
Hudson County (P. 0. Jersey City), N. J.— Bond flfaie.(see item undnr caotion "Minnesota" in Chronicle last
24 the $800,000 4% 50-year coupon park bonds deweek, page 1730,) carry i% interest. Date, O^jt. 15, 1904. Oa October
scribed in V. 79, p. 1490, were awarded to E, D. Shepard &
Maturity, ten years.
are the bids:
October 15 the $2,000 5% Co. of New York City at 103'77. Following
DOTor, Ohio.- Bond Sate.— On
103-77
Rhoades & Richmond, N. Y.. }^2-&Bi
were E. D. Shepard & Co.. N. Y
storm- water-sewer bonds described in V. 79, p. 1293,
Guaranty Trust Co.. New York. 101 18
National City Bank, New York. 108-66
102-3111
awarded to the State Savings Bank Co. of Canal Daver at Kountze Bros.. New York
^ ^^^
r,
.lersey Shore IPa.) Schoul District. -Bond Offering.— Pro102-26.
Easthamptoo, M&SB.— Temporary Loan.— This town re- posals will be received until 12 M., November 1, by James
cently negotiated a temporary loan of $5,000 with Jose, Martin, Secretary, for $19,700 4^ 10-30-year school bonds.
Parker & Co. of Boston at 3 75%. Loan matnres Jan. 8, 1905. Denominations, $100 and $500. Date, Oct. 1, 1904. Bonds
Edgewood, (Ja.— Bond Sale.— The $12,500 5^ 80-year gold are free from State tax. Accrued interest to be paid by purBohool bonds offered on October 8 have been awarded to the chaser. Bonded debt, including this issue, $39,400. Assessed
Robinson-Humphrey Co. of Atlanta^ Denomination, $100. valuation, $1,010,000.
Kenton, Ohi.^— Bond SaZe.— This city on October 20 awardDate, Oct. 1, 19u4.
Edaa(Texa8) Independent School District.— Bond Sale.— ed five series of bonds as follows
$500 March 1,1905; $2,000
The State B )ard of EJncation has purchased at par and in- $29,600 b% coupon street bonds, maturingfrom 19o6 to 1914, Inclusive. Sept. 1'
CincinIHOb, and $3 000 yearly on Sept. 1
terest the $12,5(j0 5% 5-2'J-year (optional) Bchool-house bonds
Trust Co.; premium, »1,200.
nati
., ,„„. m,nnna~„, i
..,„,,,
«l.o<io Sept. l.
15,500 5% coupon street b nds, maturing $500 March!. 190o;
dated April 15, 1904, and registered by the State Comptroller
*1.000
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Oct. 10. 1904,
IHoft; »;<.0(iO yearlv ol. Sept. 1 from lOotJ to 1910. inclusive;
yearly on Sept. from IHli to 19. +, iuclusive. Western Uerman Bank
of CiucUii all premium $190.
$1000 Sept. 1.
March 1. ISOo; ,, nnn an„t i
7,200 5% coupon street bouds, maturlnK $2
1
19U6 fi Ot'O on Sept. 1 of the nears »9. « and 19 7, and $1 000 on Sept.
years 19o» and l9o9. Western German Hauk of Cincinnati preof the
:
Essex County, ULaBS.— Temporary Loan.—Oa Oct. 24 the
$125,010 six-months temporary loan dated Nov. 10, 1904, was
awarded to tbe Suffolk Savings Bank of Boston at; 3 "47$. Following are the bids:
Suffolk Savings Bank. Boston
8-47St Blake Bros. & Co., Boston (preI
8-76%
mluni $i2 50
Cape Ann Nat, Bank, Gloucester. 3-19$
Bona Ci^eriTiy.- Proposals will be received until 10 A m.,
October 31 (not October 24, as previously stated), by the
County Commissioners of Essex County, tor Si!50,0OO notes,
issued under the authority of Chapter 314, Laws of 1901, and
Chapter 74, Laws of 1932. Date, Nov. 10, 1904. Interest, anMaturity, $5,00') yearly.
nual.
|
Feeley(Town) SLinn.— Bids Reftcted —AU bide received
road bonds deOctober 18 for the $l,(iOO Q% and the $2,000
scribed in V. 79, p, 1660, were rejected.
Fall River, Mass.-Bond Sale —On October 26 $25,000 d%i
registered highway bonds were awarded to R, L, Day & (Jo.
of Boston at 100-557 and interest. Following are the bids
H
:
;
;
;
the Tears /»06
3,600 6» cJia^oi'i^afrtet bonds, maturing $1,000 on Sept. 1 of
and 1906: $50 on Sept. 1 of the Tears 1907. 1908 and 19jB. Western
(Jerraan Banh.Clniiniiatl; preniium. HIO').
100 .; •„,«„„„,,„,.„
$^0 yearly on
1,100 6% coupon sewer boud.s. ma.unuK $800 Sept. 1.
Sept. 1 from 1W06 to 1909. Inclusive. Western German Bank, ClnolnI
iiall;
premium,
$<fO 16.
All the above issues are dated Sept. 1, 1904. Interest, semiannual.
,
,„
,
,
Lamar County, Miss.— Bond 8ale.-We are informed that
sold an Issue of $50,000 court-house bonds.
this county has
Lancaster, Ohio.-Boui Offering. -FTO[)Oifa.\B will be received until 12 M,, November 26, by W. D Nothacker, City
6Clerk, at the office of the City Auditor, for $2,500 5% 4 and
year Chestnut Street opening bonds. Denomination, $1,250.
Date, Nov. 1, 1904. Interest, annual. Accrued interest to
be paid by purchaser. Certified check for $100, payable to
.,..
...
—
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:
THE CHRONICLE.
1980
[Vol. Lxxix.
the City Trpasnrer, re qnired, Bids to be made on blacks
Mlnden, La.— Bond Sale.— On October 17 the $38,000 5i
prepared by tbe city.
20-30-year (optional) conpon water-works bonds described in
Lawrence, Mass.— Bond 5aZe.— On October 28 the $2no,ono V. 79, p. 1398, were awarded to MacDonald, McCoy & Co. of
i% l-lO-yfar (serial) coupon city-debt bonds described in V. Chicago at par. A bid of par was also received from Season79, p. I7a0, were awarded to R. L. Day & Co. of Boston at good & Mayer of CincinnaH,
102*567 atd interest, Following are the bids
Moantain View, Santa Clara Coanty, Cal.— Bond Sale.—
102-387
U. Jj. Day & Co.. Boston
108067 N. W. Harris 4 Co.. Boston
It 18 reported that the $28,000 43^!^ wa'er bonds mentioned in
l(iii-611
102-)9
Kountze Bros.. New Torh.
Adams ACo.. Boston
Chroniclb August 6 have been sold to the State Board of
Hloduet, Merritt &. Co., Boston.. 102-48
Merrill. Oldhutn & Co., Boston 103-07
Ratabrook x Co., Boston
IV2A2
Geo. A. Kernald & Co.. Boston.. 10203
Examiners for the bpnefit of the School Fund.
102-41
Blako Bros. A Co., Boston
101-48fl
Muson. Luwis & Co.. Boston
Nebagamon, Douglas Connty, Wis.— Bond Offering.— ProJackson & Curtis, Boston
lOii-39
W. J. Hayes & dons, Boston.. ..101-ik!5
Lawrence ( oanty (IlL) Allison Ditch District No. 2.— posals will be received until 5 p. M, November 1, by David
Bond Sale.- On October 20 $20,000
drainage bonds were Dobie, Chairman of Board of Supervisore, Room 29, Wisawarded to Trowbridge & Niver Co., Chioago, at 102 and consin Building, Sooerior, Wis for $3,500 5 per cent fireprotection bonds. Denominatim, $500. Date, Sept. 1, 1908.
interest.
Following are the bids :
Trowbrldee* NlTer Co..Chlc.$!0.400 00 Prov Sav. B'k & Tr. Co., Cln.$20.a20 00 Interest, semi-annually at the First National Back of ChiMaoDonald. McCoy 4Co., Chi. 20,319 00 First Nat. Bank, VIncennes. 20,160 00 cago— the months stated in the advertisement being "April
Date of bonds, Oct. 1, 1904. Interest annually at the oflace and September." Maturity, Sept 1, 1918. Accrued interest
of the State Treasurer. Maturity, |4,000 yearly on Jan. 1 to be paid by purchaser. Certified check for $200, payable
to the Town Treasurer, required.
from 1907 to 1911, inclusive.
Bonded debt, including
Lfflure Connty, Miss.— Bond Sale,— It is reported that this issue, $3,500. Assessed valuation, 1603, t6i4,816.i
|100,UOO 4<r 25 year bonds of this county have been sold at
New Kocbelle, N. Y. Temporary Loan. This city on October 26 awarded a loan or |90.O(1O, bearing 6% interest, to
par to the Bank of Ltflore, in Greenwood.
Lewis Connty (P. 0. Chehalis), Wash.— Bond Offering.— O'Connor & Kahler of New York City at ICO 58. Following
Proposals will be received until 9 a, M., November 26, by are the bids
the Board of County Commissioners, A, Schooley, Clerk, for O'Connor A, Kahler, N. Y
$90,522 00 Nat. City Bank. N. RocheHe.|90.O0O00
New vork.
90,109 93 New Rochelle Trust Co. (for
$10,000 10-20year (optional) refanding bonds. Denomina- Seo. M. Uahn.Co., N.Y
E. Seymour &
90.100 79
126,000)
26.166 67
tions not lees than $100 nor more than $1,000. Intt^rest (rate W.J. Hayes* Sons. Cleve... 90 046 oo
to be named in bids) semi-annually at the office of tlie
Denomination, $5,000. Date, Oct. 26, 1904. Maturity,
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County Treasurer.
—
LoniSTllle, Kj.— Temporary Loan, The Mayor has borrowed $180,000 Irom local batks in anticipation of the collection of taxes. Authority has been given the Mayor by the
General Council to bonow $400,000 to meet expenses until
taxes are collectible in January.
Madoc, Oat— Debentures Not Sold— Offering.— The $9,000
4l% debentures offered on October 20 were not sold.
Proposals are again asked, this time until 10 a. m, November 10.
Maturity, part yearly for twenty years. B. O'Hara is Village Clei k.
Mana^qaan, N. J.— Bond Offering. Propoeals will be received until 8 p. M., November 1, by Willis A. Mount, Borough Clerk, for $25,000 4% sewer bonds. Denominations,
$100, $500 and $1,000, at option of purchaser. Date, Jan. 1,
1905.
Interest, semi-annually, at the First National Bank of
Manafqnan. Maturity, Jan. 1, 1985. Present debt of the
borongn, |85,f 00 48, issued in 1903 for water purposes. Assessed valuation, 1904, |595,270.
Mansfield, Ohio.— Description of Bonds,— The $10,000 5^
Carnegie Library site bonds authorized by ordinance passing
the City Council on October 5 will be issued in denomination
of $1,000. Interest March 1 and September 1 at the office of
the City Treasurer. Maturity, $1,000 yearly on September 1
frcm 1905 to 1914, inclusive.
Bond Sale —The following 5% bonds, aggregating $8,900,
have been sold to the Citizens' National Bank of Mansfield
at par, accrued interest and a premium of §186 89
>400 6% Park Avenue West repair-fund bonds.
400 6% Marion Avenue repair-fund bonds.
300 6« West Third Street repair fund bonds.
—
:
150 5$ Mulberry Street Smth repair fund bonds.
160 5% Mulberry Street North repair fund bonds.
6,300 b% Third Sewer District bonds. See V. 79. p. 118, for description.
2,200 b% First Sewer Blsti let bonds. See V. 79, p. 118, for description.
Mapleton (Tillage), Blue Earth Goanty, Minn.— Bond
Offering,- Propoeals will be received until 7:30 p. M., November 21, by H, V. Hotaling, Village Recorder, for $6,000 funding and $5,500 refunding 5% bonds. Denomination, $1,000.
Interest, semi-annually at place to be designated by purchaser. Maturity, funding bonds $1,000 yearly, beginning in
1907; refunding bonds $1,000 yearly, beginning in November,
Securities were authorized by a vote of 35 to 17 at
1905.
election held Oct. 18, 1904. Bonded debt, including this
Assessed valuation, .$368,184.
issue, $14,000.
Marion, Ohio. Bond O^eringr.- Proposals will be received
until 12 M., November 10, by 8. T. Qaigley, City Auditor, for
$14,600 4% Cturch Street improvement bonds. Denomination,
Date, Nov. 10, 1904, Interest, semi-annual. Matur$730.
ity, $730 each six months from March 1, 1906, to Sept. 1, 1915,
inclusive. Certified check for 5^ of the amount of bonds required.
Bonds Authorized. The City Council on October 17 authorized the issuance of $5,300 5% sewer-assessment bonds.
—
Date, not later than Nov. 30, 1904. In1 at the office of the City
Maturity, $530 each six months from March 1,
Denomination,
terest,
March
Treasurer.
1
$530.
and September
1905, to Sept. 1, 1909, Inclusive.
Marshall County (P. 0. Warren), Minn.— Bond Offering.
—Propoeals will be received until 2 p. m November 22, by
the Board of County Commisslorers, for $14,882 05 Q% ditch
bonds. Denominations, nine bonds of $1,000 each, nine of
$500 each and one for $882 05. Date, Nov. 1, 1904. Interest,
June 1 and December 1. Maturity, $882 05 Dec. 1, 1905;
$1,500 yearly on December 1 from 1906 to 1913, inclusive, and
$1,500 Nov, 1, 1914. Certified check for 5^ of the face value
of the bonds, drawn on a State or national bank in favor of
the County Treasurer, required.
Medina Connty Road District No. 1, Ohio,— Bond Sale.—
On October 17 $25,000 &% road bonds of this district were
awarded to Seasongood & Mayer, Cincinnati, at 106'448 and
Denomination, $500. Date, Oct. 17, 1904. InterInterest.
Maturity, $2,500 on Feb. 20 and
est, Feb. 20 and Aug. 20.
also on Aug. 20 of the year 1912, $3,000 on Feb. 20 and also
on Aug. 20 of the years 1913 and 1914, $4,000 on Feb. 20 and
on Aug. 20 of the year 1918.
,
26, 1905,
Loan
is
in anticipation of the collection of taxes.
Norfolk Connty, Mass.— Temporarz/ Loan.— This county
has negotiated a loan of $25,000 with Loring, Tolman
Tnpper of Boston at 3'245f. Loan matures Dec, 18, 1904.
Norwood, St. Lawrence Coanty, N. Y.— Description of
Bonds. We are advised that the $2,000 sidewalk bonds, the
sale of which was recorded in last week's Chronicle, were
taken at par by O. D. Whitney on October 20, Denomination, $500.
Date, Oct. 21, 1904. Interest, annually in July.
Maturity, $500 yearly on July 1 from 1907 to 1910, inclusive.
Oakley School District, Contra Costa County, Cal.— Bond
Offering.— It is reported in San Francisco papers that proposals will be received until 2 p. m,, November 10, by Geo.
A. Wiley, County Treasurer, for $20,000 bi bonds of this
district.
Denomination, $1,000. Maturity, $1,000 yearly.
Ocala, Fla.— Bond O^crtngr.— Proposals will be received
until 12 M., November 21, by Herbert A. Ford, Secretary
Board of Bond Trustees, for $45,000 5% gold general bonds.
Denomination, $100. Date, Oct. 1, 1904. Interest, January
1 and July 1 at the office of the City Treasurer.
Maturity,
Jan. 1, 1924. Certified check for 2% of the bonds bid for
required. Bonded debt, including this issue, $59,000. Assessed
valuation 1903, $1,142,709.
Orange, Texas.— Bonds Voted— Bond Offering.— This city
on October 11, by a vote of 40 to 7, authorized the issuance
of $5,000 6^ 40-year city-hall bonds. Interest, annual.
We
are informed that bids for these bonds will he received by
the City Treasurer at any time.
Osseo. Wis.- Bonds Aot Yet Sold.— The $5,500 5^ city-hall
bonds offered without success on September 8 are still on the
market. See V. 79, p. 751, for description of securities.
Ottawa (111.) School District No. 141.— Bond Sale.—On
October 15 the $45,000 4% school-house bonds described in V.
79, p. 1356, were awarded to the First National Bank of Chicago at 100*611 and interest. Following are the bids
&
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:
& Mayer, Clncln $45,165 00
MaoDonald, McCoy* Co.. Chi. 45,1*0 00
G. M. Bechtel & <'o..DaVport. 46.087 60
Ottawa BkB.& Trust Co ...45.055 CO
N. W. Halsey * Co., Cblo.... 45,026 00
Oxford, N. Y.— Bonds Fo^ed.— This village on October 26,
by a vote of 206 to 31, authorizea the issuance of $11,600
street-improvement bonds. The proposed improvements, we
are informed, will not be made until the spring.
Bonds Not Sold.— No sale has yet been made
Oxford, N.
of the $46,000 5% 30-year refunding bonds described in V. 78,
$45,376 00
First Nat. Bank. Chicago
B. H. Rollins & Sons. Chic.. 45,867 85
N. W. Harris & Co.. Chtcago. 45.i«52 00
H. Kleybolte&Co., ClnclD... 46,193 60
Trowbridge & Nlver Co., Chi,. 46.i67 60
1
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p. 2030.
Penn Tan (N. T.) School District.— Bond OJering.—Proposals will be received until 11 a. m. to-day (October 29) by
Securities
J. M. Thompson, Secretary, for |35,0U0 i% bonds.
were authorized by a vote of 49 to 4 at election held October 6. Denomination, $1,000. Date, Nov. 15, 1904. Interest
annually on November 1 in New York City. Maturity, $1,000
yearly on November 1 from 1905 to 1939, inclusive. Certified
check for $1,000 required. These bonds take the place of
Co. of New York
those awarded last June to N. W. Harris
City but subsequently refused by that firm on a technicality.
boy, N. J,—Bond Saks.-The $54,000 4^ 80 year
Perth
school bonds described in V. 79, p. 1662, have been sold at
par and interest to the Perth Amboy Trust Co, The city has
also sold an issue of $85,000 4}^^ ^year assessment bonds to
two private individuals at par and interest.
are informed that the
Pitcairn, Pa.— Bond Sale.—
$25,000 4% street-improvement bonds, offered without success
on August 29, have been plact d. See V. 79, p. 800, for description of securities.
Polk Connty (P. 0. Crookston), Minn.— Bond OSering.—
Propoeals will be received until 10 a m., November 19, by
coupon
Nels A. Hoffard, County Auditor, for $30,800
drainage bonds. Denomination, $500 or $1,000, to suit purchaser. Date, Jan. 1, 1905. Interest, annuallv. at the office
Maturity, about one-tenth yearly,
of the County Treasurer.
beginning Jan. 1, 1907. Authority, Chapter 258, Laws of
Bonded debt, including
1901 and Chapter 38, Laws of 1902.
&
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THE CHRONICLE.
Oct. 29, 1904.]
this Issue, $468,650, of ^hich |395,050
Assessed valuation, 1903, $10,371,233.
is
asset Ement debt.
H. Rollins & Sons and
Joseph T. Elliott & Sons.. $120,856 90
15.
B. D.
Port ADgeles, Wash.— Bond* Not Yet Sold.— lifo sale has
made of the $14 ODO Q% light-improvement bonds
offered without success on Augast 17. See V. 79, p. 521 for
description of bonds.
Prairie Depot, Ohio.— Bond Sale.— The Home Savings
of Prairie Depot purchased last month at par and in-
Bank
terest $7,250 (not |7,B30 as at first reported) 5% Main Street
Denomination, $500, except one bond for
Date, Oct. 1, 1904. Interest, semi-annual. Maturity,
$750.
Oct. 1, 1914.
paving bonds.
Banger (Texas) Independent School District.— Bonds
Registered .—On October 23 the State Comptroller registered
an issue of $5,600 &i 20-40-year (optional) school-house bonds
dated Aug, 1. 1904.
Red Rock School District No. 62, Noble Connty, Okla.—
Bond Saie.— We are informed that the $5,000 b% 10-20-year
bends of this district offered without success on Sept. 10
were disposed of on Oct. 4.
Redwood City, Cal.— Bond Offering.— It is stated in San
Francisco papers that proposals will be received until 7:30
P.M., October 81, by D. R. Stafford, Town Clerk, for the
$85,000 4%i water-works and the $65,000 4}4% drainage, streetgrading acd paving bonds voted at the elf ction held Sept. 14,
Denomination, $500. Date, Nov. 1, 1904. Interest, semiannual. Maturity, one fortieth yearly.
Rochester, N. 'V.—Loan Q^eringr.— Proposals will be received until 11 A. M,, November 3, by S. B. Williams, City
Comptroller, for an eight- months loan of $100,000 for use of
the local improvement fund. Interest, rate to be named in
bids, will be figured on the basis of 360 days to the year.
Sac City (Iowa) School District.— Bonds Fofed.- On Oc
tober 22 this distiict, by a vote of 111 to 1, authorized the
issuance of $15,000 4^^ 5-10-year (optional) school-house
bonds. Proposals may be sent in'at any time for these bon('s,
St. Joseph CoKuty (P. 0. Soath Bend), Ind.— Bond iS^aJe.
—On October 20 the $120,000 3>^« coupon gold 18-20 year
(serial) bridge bonds described in V. 79, p. 1492, were awarded to E. H. Rollins & Sons of Chicago and Joseph T. Eliiott
Indianapolis at 100"714, accrued interest and $60
«fc Sons of
for prlntipg bonds. Following are the bids
Cascade County, Montana,
COUPON BONDS.
hereby given that, In pursuance of the
provisions of Article 3. Chapter 2. Title 2, Part 4, of
the Political Code of the State of Montana and of
the order duly made by tlie Board of County Com
mlssionerg of Cascade County, State of Montana, at
a meeting of said Board held on the 28th day of
September, 1904. the said Board of Connty Commissioners will, on the 14TH IJAYOFNOVEMBEK,
1904, at 10 o'clock A. M. of said day, at their ofQce
In the District Court House, In the City of (J real
FbHs. Cascade County, Montana, under and by
virtue ot the order aforesaid and authorized by the
resolution du'y adopted by said Board at a regular
meeting thereof held on the 28th d^y of September,
1904, at the office of said Board in the District Court
House, in the City of Great Falls, Cascade County,
Notice
Is
Montana, sell coupon bonds of said County of
Cascade to the amount of TEN THOUSAND
DOLLARS, drawlDR Interest at the rate of four per
cent per annum, payable semi-annually on the first
day of .January and the Brst day of July of each
year, which bonds will be of the denomination of
one thon.snd dollars each, and sball be redeemable
and payable twenty years after the date of their
Issue; provided, however, that said bonds shall be
redeemable at he option of the obligor at any time
after ten years from the date thereof. The said
coupon b'nds will be made payable at any National
bank designated by the purchaser thereof, and the
Bald County ot Cascade will deliver such bonds at
said bank to the order of said purchaser. The
Interest on said bonds will be payaole at the office
of the Treasurer of said County of Cascade.
&.
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70,(j00 iy6%
"funding" [refunding] bonds.
Denomination, $500 or $1,000, as desired. Date, Nov. 1,
Interest, semi-annual. Maturity, 20 years, op ional
1904.
after 5 years. Accrued interest to be paid by purchaser.
Certified check on a State or national bank for $2,500, payable to the City of South Omaha, required.
South ZanesTllle, Ohio.— Bond Q^erzngr.- Proposals will
be received until 12 M., November 38, by L. P. Qilkieon,
Village Clerk, for $600
3-6-year (serial) office furnishing
bonds, dated Nov. 25, 1904.
Stafford (Town), Minn.— Bond Sale.- On October 1 the
$6,000 &% 6-year coupon road bonds, described in V. 79, p,
1295, were awarded to Thorpe'.Bros. of Minneapolis, at par.
ThamefcTille, Ont.— Debenture Offering.— Fropoasila will
be received until 13 m., November 5, by W. J. Cryderman,
Village Clerk, P. O. Box No. 196, for $13,500 Ai debentures.
H
INVESTMENTS.
LOST BONDS.
New
Jersey.
All persons are warned not to purchase Bonds of
the Borough ot Montvale. N .T., known as Macadam
Roaa Bonds, Nos. 21 to 30, inclusive, for $500 each,
dated July 1. 1803, due July 1 1P13, or the coupons
belonging to said bonds. Both bonds and coupons
are payable at the United States Mortgage & Trust
Company, 55 Cedar Street, New York.
•
Indlana'1is..$120,200 OO
R. Kleybolte &Co., Chicago. 120,000 00
Searcy, Ark.—Bond OJ%ringr.— Proposals will be received
until 10 A M., November 1, by J. J. Baugh, Chairman, for
about $20,000 5% coupon bonds of Electric Light Improvement District No. 1. Denomination, $5C0.
Soath Brooklyn, Ohio.— Bond Sa/c— On October 10 the
$85,0C0 5% coupon sewer bonds described in V. 79, p. 990, were
awarded to W. R. Todd
Co., Cincinnati, at 110.
South Omaha, Neb.— Bond Q^erfngr.— Proposals will be received until 8 p. M., Nov. 9, by John J. Qillin, City Clerk,
for the following bonds :
147,000 4H« "funding" [refnndlnfr] bonds.
FINANCIAL.
Montvale,
Meyer & Klser.
Co.. iDdian'lls. 120,50100
1903, $46 814.
:
LOANS.
J^10,000
Bash
Salem, Ohio.— Bond Sale.— On October 14 $2,600 Woodland
Avenue, $1,300 Maple Street and $1,100 East Dry Street 5%
1-5-year (serial) sewer-assessment bonds were awarded to W.
R. Todd & Co. of Cincinnati for $5,101.
Seaforlh, Redwood Couuty, Minn.— Bond Offering,— Proposals will be received until 8 p. m., November 17, by John
Longbottom, Village Recorder, for $4,0f
Q% 10-year coupon
water-works bonds. Denomination, $500. Date, Dec. 1,
Interest semi-annually in Chicago or St. Paul, as des1904.
ignated by the successful bidder. Purchaser to furnish blank
bonds. Authority for issue, Chapter 300, Laws of 1893, as
amended. Bonded debt at present, none. Assessed valuation
yet been
NEW
1981
PAUL PKATT,
New York &
Queens Electric
& Power Co.
PREFERRED XS\^ COmHON
Light
STOCK.
Borough Clerk.
& Burr, T.W.STEPHENS & CO.,
INVESTMENT BONDS
2 Wall Street, New York.
Perry, Coffin
60 State
Street,
INVESTMENT BONDS.
BOSTON.
SEND FOR
LIST.
'
Sealed proposals for the curchase of said bonds,
subject to legaliiy, will be received up to the time
of sale, and the oarty or parties oflering the highest
bid and p ice therefor will receive the said bonds.
A New York draft or check, certified by a Great
Falls bank, payable to the order of the County
Treasurer of Cubcade County aforesaid to the
amount of 1500 00, must be depo.sited with the
County Treasurer aforesaid by each bidder as a
guaranty of good faith.
The said Board ot County Commlasloners reserves
the right to reject any or all bids
Bids should bo marked "Bids on Bonds" and
addressed to F red. L. Hill, County Clerk, Great
Falls, Cascade County. Montana.
By order of the Board of County Commlsiloners,
Cascade County, Montana.
KUEI». L. HILL, County CUrk.
„, ,
^„
First publication October 8th. 1904.
Defaulted and Compromised Municipals of Kansas
Specialists in
and other
H. C.
H. C. Speer
CITY'
COUNTY
E.
MUNICIPAL BONDS.
C. Stanwood & Co.
1
Interest Paid on Daily
IlandsotiielT
YORK.
stool |)late elTcct.
I ho chfaiipr
l<ind, parily lllhographod and partly
printed trom type. 100 Stock Ce'tlflcatus, $,S to
185; the latter eriH-aved with steel-plaie borders
—elegant. Seal I'ross, If with Certificates, $1 50.
ALBERT B. KING & CO.,
and
Tiir.e Deposits.
106 WilUam St., N.T
Engravers and IjlthOKraphers,
(Telephone.)
Street, Cblcago,
&
Co.,
BANKERS,
16
36
Congress Street, Boston.
NA88AD 8TKEBT. NEW TORK.
STATE. CITT k RAILROAD R0ND8.
F.
BONDS sfSSK CERTIFICATES
ergrHvert;
Also
La Salle
Blodget, Merritt
BOSTON
MUNICIPAL, RAILROAD and
BONDS.
NASSAU STREET, NEW
BANKERS,
Milk Street,
Co.,
BONDS.
Chicago.
BONDS.
&
MUmCIPAL AMD CORPORATIOH
171
St.,
AND TOWNSHIP
95
STREET RAILWAY
Boston.
MacDonald, McCoy
& Company
159 La Salle
BANKERS,
DKALERS IN
CO.,
Bonds,
Established 18M3.
,
Rudolph Kleybolte& Co.
-
•
BOSTON.
CLEVELAND.
SPILLER &
Specialists In Inactive
27 State Street,
OENISON, PRIOR & OO.
States.
R.
FULTON & CO.,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
THE CHRONICLE.
1982
Tnloa (Ind. Ter.) School Dlatriet.— Bond Sale.— The Commercial National Back of Mnakogee nas been awarded |50,000 5^ Hchool bonds of this district. Denomination, |1,000.
Ddte, Ojt. 1, 1904. Maturity, 1924.
Tarlock Irrigation District, Ca\.— Correction.— It appears by a second letter from the Secretary of the District
that, out of $200,000 bonds of this district which were offered
Oct. 4, only $8,0(0 were awarded (to C. F. McCarthy), and
that the sale of $100,000 to E. V. Cogswell was "under consideration."
West Seattle Precinct, Wash.-BondSale.—Afi a matter
of record
on a Bowling Green bank required. Purchwer will be required to furnish blank bonds. This Issue mast not be contused with the $50,000 offering to take place on Nov. 10 (see
V. 79, p. 1296), although both issues are identical in every
respect.
Xenia, Ohio.— Bond SaZe.— The $16,000 it 20 year coupon
refunding bonds deflcribed in V. 79 p. 1604, have been sold
at nar to SeaRonpood & Mayer of Cincinnati.
Tonngstown, Ohio.— Bond O^erino.— Proposals will be received until 2 p. M., Nov. 21, by Wm. I. Davies, City Auditor, for the following bonds
:
we
report the sale on July 5 of $1 8.000 5% "streetrailway" bonds to the State of Washington, official confirma
tion of which we have only just been able to obtain. The
price paid was par. Ddnomlnation, $1,000. Date, Aug. 1,
Interest, January and July.
1904.
Maturity, 20 years, sub-
b%
51
51
1.700 5%
$.'5,000
l.lliO
iiSO
2,700
4ftO
1,200
January and July.
Willlamsbarg Depot (P. 0. Collins), Miss.— Bond Sale.—
The $14 OtO 6% 5-20-year (optional) water-works bonds described in V. 79, p, 1359, have been sold to W. C. Porter of
Laurel at par.
Womelsdorf, Berks Conntj,Fii.— Bond Election.— At the
10 years.
Interest,
coming
election the question of issuing $8,000 electric-lightplant bonds will be submitted to a vote of the people.
Wood toanty (P. 0. Bowling (^reen), Ohio.— Bond Offering,
Proposals will be received until 12 m,, November 14, by
B. C. Harding, County Auditor, for $50,000 5^ coupon highway-improvement bonds, maturing $5,000 each six months
from March 1, 1905. to Sept. 1, 19lt9, inclusive. Danomina
tion, $1,000. Date, Dic. 1, 1904.
Interest, March 1 and September 1 at the office of the County Treasurer. Accrued
interest to be paid by purchaser. Certified check for $1,000
—
INVESTMENTS.
Imp'overnnnt (c'tyV proportion) bonds.
Worthliiiilon Street
M
Maturity, one-fifth of each issue yearly on October 1 from
1906 to 1910, inclusive.
Bonds are dated Nov. 28, 1904. Interest will be payable
semi-annually at the office of the City Treasurer. Purchasers
must be prepared to take the bonds not later than Nov. 28,
1904, the money to be delivered at one of the city banks or at
the office of the City Treasurer.
certified check on a
Yonngstown bank for 2% of the amount of bonds bid for,
payable to the City Auditor, must accompany proposals,
which must be made for each block separately.
Bond SdZe.- Oa October 20 the $38,000 4l4i city-prison
bonds described in V. 79, p, 1884, were awarded to Season^
good
Mayer, Cincinnati, at 107 '065 and accrued interest.
Following are the bids
A
&
:
& Mayer, Clncln.|40.684 85 Denlson, Prior & Co., CleveW.J.Hayes & Sons, Cleve... 40,r40 00
land and Boston
|40,in9 SO
Farson, Leach & Co. .Chicago. 40.550 50 Laniorechf Bros &Co.. Cler. 40.13560
N.W. Harris A Co., <":hlcaBO.. 40,50100 A. Kleybolte 4 Co Cincin... 8fl,670 00
Parkinson & Burr. Boston
40,432 00 Western German Bk., Cln... 39.683 00
Seasoneood
.
.
Third Nat. Bank. Cincinnati. 40.376 00
,fe
Cleveland
Chicago,
Offers
Railroad,
MISCELLANEOUS.
THE BOND ISSUES OF
RAILWAYS AND MUNICIPALITIES
DEALT IN
poration Bonds, conservatively issued,
Interstate Securities Co*
BONDS.
DIRECTORS:
York- Capitalists Director, C.
New
York. President MobUe Jackson A Kansas City RR. Co.
Director Orange Co. Trust <fe Safe Deposit Co.
E. LEVY.
York. BanMng and Cotton. M. Levy & Sons, New Orlean*.
W.
New
Chicago.
OeBTer.
yielding investors 4^ to 514%.
ALEXANDER McDOVALD.
Kew
BOSTON.
Municipal and Cor-
R.
New York.
New
littts
W. JONES
HENRY
BIRD M. ROBINSON.
President Harrlman & N orth Eastern RR. Co. and
Knoxvillc & Bristol BR. Co.
DANIEL B. ELY,
Mgr. Bond Department, Interstate Securities Co.
HENRY
New
The American Mfg. Co.
MANILA SISAL AND JUTE
CORDAGE.
New
York.
For Bnstneaa Correapondeuce.
Galveston, Teias.
HOL.\'OKE, niA88.
0'-'>^LI»i
ENGJLNEERS.
H. M.
172 Washington Street,
L.1HT
•
-
-
IL.L.8.
BouKbt and 8old.
J.
HAYES & SONS,
CLEVELAND. OHIO.
& Co.,
ENGINEERS.
ON APPLICATIOH.
6
C. QCINBY,
Attorney at- Law.
KEMPNER.
President Texas Bank
B.
ROGERS,
President Interstate Trust
A Trust Co.
A
Banking Ca
NASSAU STREET, NEW YORK.
Hanover Bank BuUdins.
1904.
1860.
The United
States Life
Insurance Co.
IN
INCORPOUATKD.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
W.
Byllesby
Z7ew Orleans, La.
Chicao^o
Philadelphia.
York.
H.
WALLACE
Whether for letter written with your own band, oi
bytthe typewriter, are CNEQUALKD. Their qualltj
U assured and they have won highest honora at a]l
the Kreat World'* Fairs. For high grade writlUK
papers of all kinds, for bond papers, and for ledger
papers. Insist on having them made by the
New
T. B. POTTER,
MUNICIPAL and onKinc
York.
I.
WHITING PAPER COMPANY,
CHICAGO,
Co.
SHERWOOD,
H.
Formerly of Excelsior Electric, Thompson Hoostas
and General Electric Companies.
E. HUTCHINSON.
Brooklyn, N. Y. President Brooklyn Bank.
New York.
CORPORATION
Tmst
Onardian
New York.
and prices npon
Street,
JR..
K. STALLO.
President Kingston Lumber Co. and Director
York.
New York.
Wall
RB. System.
President Oriental Bank.
EDMCND
application.
65
C. C. &. St- L.
STRATTON.
CHARLES
San Franeisco.
ITHITING'S PAPERS.
D.
ROBERT
Printed
36,178 00
—
E.H.ROLLINS ^ SONS,
Illinois.
860 00
89.303 60
89.297 60
Tpsilanti, Mich.— Bond Sale. We are advised that this
city has sold an issue of $15,000 Forest Avenue Bridge bonds.
Service OorporatioD
Public
W. K.Todd * Co.. Clncln.. 89
Union Sav. Bk *Tr. Co.,<ln. 40,318 00 Sec. Sav.Bk.ATr. Co..Toledo.
Hayden, Miller Co., Cleve.. 40,207 00 Prov. Sav. B'k A Tr. Co.. Cin
Well. Both & Co., Cincinnati. 40,200 00 Fuller, Parsons & Snyder.
AMD
THE AMERICAN TRUST
& SAVINGS BANK,
bondn.
Gr«ndview Avenae Bradint.' bonds,
IjlvlnnHlnn Street Kradmu bonds.
f>% Wirt Street Knidiut' bonde.
Croam <n Avenue gewer bonds.
5* llavman S'reet sradinK bonds.
INVESTMENTS.
MUNICIPAL
BOND DEFARTAIENT.
(^rartiiiB
400 6* vvade 8tr»et i/radlnj; bonds.
1.150 5S Cleveland Street iewer bonds.
1,150 6S Pine Street newer bonis
2,500 B< Franlilin Avenue and flint Hill sewer bonds.
400 6% Kmma Street sidewalk bonds.
ject to call after 5 years.
Wliltaker, Pa.— Bond Sale.— We are informed by the First
National Bank of Homestead that $8,000 5^% funding bonds
of the borough of Whitaker have been awarded at par to that
institution.
Denomination, $500. Date, Sept. 1, 1904. Interest, semi-annual.
Maturity, Sept. 1, 1909.
Wichita (Kan.) School District.— Bond Isswe.— We are
informed that this district has just completed the refunding
of $94,000 old 5% bonds by a new issue of 43^ per cents.
The
new bonds mature July 1, 1921, and are subject to call after
[Vol. Lxxix.
THE CITY OF NE W YORK.
John
P. Munn, M.D., President.
Finance Comiulttee:
Leather
JAMES B. PLUM
CLARENCE H. KELSEY.Pr.TitQnar.&Tr.Oo.
WILLIAM H. PORTER, Pres. Chem. Nat Bank
Active and saooessfol Agents wlio desire to
DESIGN, CONSTRUCT AND OPERATE
RAILAVAY LIGHT, POWER AND
HYDRAULIC PLANTS.
Life Buildin<r,
CHICACO,
ILL.
this
weU-
establlBhed and protrresslve Company, thereby
•ecnrlnK for themselves not only an Immediate
return For their work, but also an increasing
annual income commensurate with their
•nooess, are Invited to oommunlc&t« w th
RICHARD E. COCHRAN, 3d Vloe-I lesldent,
at the Company's Oflloe, 277 Broad t* ay, Kew
Vork
Examinations and Reports.
BOSTON, MASS. New York
make DIRECT CONTRACTS with
City.
Auets, over $8,750,000.
Paid to FoUcyholderB ia 1903, $1,060,966 70
@FedFRASER